EU diplomat says bloc won't punish Britain

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OPEC chief says oil cooperation with non-members 'vital'

ABU DHABI (AFP) - Coordination between members of oil-exporting cartel OPEC and non-member producers is "vital" to rebalance the market, OPEC chief Mohammad Barkindo said Monday. Former OPEC Secreta...

Updated : 2016.11.07 20:50

GE, Baker Hughes create powerful new player in energy sector

General Electric and Baker Hughes are joining their oil and gas businesses to create a powerful player in an energy sector buffeted by years of weak prices. The deal could give the new company, whic...

Updated : 2016.10.31 20:44

Eurozone growth stable as inflation picks up

Economic growth in the eurozone remained low but stable in the third quarter as inflation rose to a 27-month high amid fears over Brexit and major elections in France and Germany. The Eurostat stati...

Updated : 2016.10.31 20:38

[Newsmaker] Tesla surprises with quarterly profit

Electric car maker Tesla Motors posted its first quarterly profit in three years on Wednesday, giving investors reason to cheer after months of doubt. Tesla's shares have fallen since the summer as ...

Updated : 2016.10.27 17:15

[Graphic News] Financial fallout from Note 7 debacle

Samsung will ship 310 million smartphones this year, down from a forecast of 316 million units, according to new data from research firm TrendForce. Customers will, in turn, move in part to Apple’s ...

Updated : 2016.10.17 18:15

Amazon launches full on-demand music streaming service in US

NEW YORK (AFP) -- Online giant Amazon launched an expanded on-demand music streaming service in the US Wednesday, taking on the likes of Spotify and Apple Music with a cut-price offer for users of it...

Updated : 2016.10.12 22:05

Sony tapping virtual reality with PlayStation headset

TOKYO (AFP) -- Sony is set to launch its new virtual reality headset, joining Facebook, Samsung and Google in a market that analysts say could boost the global gaming sector. The electronics giant -...

Updated : 2016.10.12 22:03

[Graphic News] IMF holds Korea’s growth outlook steady at 2.7% for 2016

The International Monetary Fund kept its economic growth forecast for South Korea this year and next year unchanged in its latest quarterly economic outlook, the Finance Ministry said Tuesday. The a...

Updated : 2016.10.05 18:21

US economy grew at 1.4 percent rate in spring

The US economy expanded at a slightly faster pace in the spring than previously reported, aided by new-found strength in business construction. The Commerce Department said Thursday the gross domest...

Updated : 2016.09.29 22:04

[Newsmaker] Musk an innovator wary of humanity’s future

If the future is an array of possibilities ranging from catastrophic to divine, Elon Musk is working to increase the probability of good things happening. Musk has become one of the United States’ ...

Updated : 2016.09.29 19:35

[Newsmaker] Wells Fargo scandal reignites debate about big bank culture

In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for employees to repo...

Updated : 2016.09.29 17:12

World Bank reappoints Kim to second five-year term

The World Bank unanimously reappointed its Korean-American president, Jim Yong Kim, to a second five-year term on Tuesday. "Executive Directors cited the achievements of Bank Group staff and managem...

Updated : 2016.09.28 10:18

Donuts in flight in first U.S.-approved drone delivery

WASHINGTON (AFP) - With a chicken sandwich, hot coffee and donuts, aviation history was made Friday. These were among the items in the first drone delivery on U.S. soil approved by aviation officia...

Updated : 2016.07.23 09:06

China's Wanda to sell contentious Madrid landmark: source

MADRID -- China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans...

Updated : 2016.07.20 21:39

Deutsche Boerse may lower LSE tender threshold

Deutsche Boerse said it may reduce the threshold for shareholder approval of its London Stock Exchange Group’s acquisition to accommodate index funds. A decision will be reached Monday after partie...

Updated : 2016.07.11 10:35