EU diplomat says bloc won't punish Britain

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Musk hints at top secret Tesla masterplan

Tesla Motors CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight. Th...

Updated : 2016.07.11 10:26

Osborne visits U.S. to urge investors to ‘stick with’ Britain

Chancellor of the Exchequer George Osborne heads to Wall Street aiming to shore up investor confidence in the U.K.’s economy and financial markets roiled by the vote to quit the European Union. Lea...

Updated : 2016.07.11 10:23

Yen rises to top this week on haven demand as U.S. payrolls loom

Brexit fallout has given investors plenty of reasons to flock to the yen, making it the best-performing major currency this week. Friday could bring another, as markets brace for a closely watched U....

Updated : 2016.07.08 21:42

S&P cuts EU rating as warnings grow on Brexit’s impact

Ratings agency Standard and Poor‘s cut the credit rating for the European Union by one notch on Thursday saying that the bloc had grown more uncertain after Brexit. “After the decision by the U.K....

Updated : 2016.07.01 20:46

U.S.-Korea FTA effective in increasing American exports: U.S. report

The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade de...

Updated : 2016.06.30 09:47

[Newsmaker] Anti-EU figurehead Farage vindicated by Brexit vote

Nigel Farage has devoted his career to campaigning to leave the European Union, a once-impossible seeming goal he has now achieved following a referendum campaign peppered with his signature controve...

Updated : 2016.06.26 19:52

EU calls for UK’s early exit

The European Union wants a quickie divorce, but Britain wants time to think things over. Senior EU politicians demanded Saturday that the U.K. quickly cut its ties with the 28-nation bloc _ a pro...

Updated : 2016.06.26 18:58

Brexit divorce 'not amicable' but must be quick: Juncker

European Commission chief Jean-Claude Juncker said Britain's planned departure from the European Union was "not an amicable divorce" but called for it to be quick. "I do not understand why the Briti...

Updated : 2016.06.25 17:04

China-backed AIIB approves first 4 loans worth $509 million

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved its first four loans worth US$509 million as the bank holds its first annual meeting. Three of the four loans were co-financ...

Updated : 2016.06.25 15:38

SoftBank's founder reverses retirement plans, says heir apparent 'victim'

TOKYO (AFP) -- The boss of SoftBank Group on Wednesday admitted his desire to hang on to power a little longer had pushed away the former Google executive seen as his heir apparent. Masayoshi Son to...

Updated : 2016.06.22 22:16

Fed keeps interest rate steady as Brexit vote looms

WASHINGTON (AFP) -- The Federal Reserve held its key interest rate unchanged Wednesday, in part due to concerns about the disruption Britain‘s looming “Brexit” vote could have on global markets. Whi...

Updated : 2016.06.16 14:39

Alibaba sees growth rising to 48 percent in first forecast

Alibaba Group Holding Ltd. said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014. The compa...

Updated : 2016.06.14 21:22

Microsoft shifts to social with huge LinkedIn deal

WASHINGTON (AFP) -- Microsoft on Monday shifted its focus to social networking with a massive $26.2 billion deal for professional social network LinkedIn. With its biggest-ever acquisition and one o...

Updated : 2016.06.14 14:51

World Bank slashes global growth forecast to 2.4%

WASHINGTON (AFP) -- A worried World Bank slashed its growth forecast for the global economy Tuesday, saying advanced economies are rebounding more slowly than expected and low commodity prices contin...

Updated : 2016.06.08 14:38

Fed Chair Yellen says poor U.S. jobs report 'concerning'

PHILADELPHIA (AFP) -- Federal Reserve Chair Janet Yellen said Monday the dismal U.S. jobs report for May was "concerning" and "disappointing", but stressed she was still optimistic on the outlook for...

Updated : 2016.06.07 14:52