President says will be no tax hike for low-income firms, people

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Asian markets mostly higher, Buffett Apple move boosts techs

HONG KONG (AFP) -- Most Asian markets climbed Tuesday, as tech firms were boosted by Warren Buffett's billion-dollar stake in Apple, while energy stocks tracked further gains in oil prices. After la...

Updated : 2016.05.18 14:40

Oil at fresh 2016 highs on hopes of supply glut easing

SINGAPORE (AFP) -- Oil rose to fresh 2016 highs in Asia Monday as a slowdown in U.S. drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than ex...

Updated : 2016.05.16 14:08

[Newsmaker] Maduro cracks down with emergency decree

Venezuelan President Nicolas Maduro announced a sweeping crackdown Saturday under a new emergency decree, ordering the seizure of paralyzed factories, the arrest of their owners and military exercise...

Updated : 2016.05.15 18:15

China’s economy grinds down a gear as heavy industry drags

China's economy resumed its grind toward slower growth in April, weighed by overcapacity industries such as steel and coal. Industrial production climbed 6 percent in April from a year earlier, down...

Updated : 2016.05.14 16:09

Japan PM to delay tax hike over economy fears: report

Japanese Prime Minister Shinzo Abe plans to postpone a sales tax hike a second time, judging that boosting the tariff could hurt the world's third-largest economy, a newspaper said Saturday. Abe has...

Updated : 2016.05.14 12:22

Fed officials signal markets may be wrong to doubt June hike

Two regional Federal Reserve presidents said that an interest rate increase should be on the table next month, pushing back against market expectations that the U.S. central bank will keep policy on ...

Updated : 2016.05.04 14:27

Xi's Silk Road dream hits a speed-bump in Thailand

President Xi Jinping is so devoted to his Silk Road project for China to deepen economic ties across Asia that he recently had top Communist officials attend a "study" session on the millennia-old hi...

Updated : 2016.05.04 14:25

Yen rally eases after Tokyo hints at intervention

The yen's soaring rally took a breather in Asian trading Monday after Japanese finance minister Taro Aso warned over the surge, vowing to take action "when necessary". The weekend remarks hinted at ...

Updated : 2016.05.02 14:43

Aso says Japan will take action with currency if needed: Nikkei

Japanese Finance Minister Taro Aso said that one-sided speculative movements in the dollar-yen rate are “extremely concerning,” the Nikkei newspaper reported Sunday. Japan will carefully watch curre...

Updated : 2016.05.01 21:10

Eurozone economic growth rate unexpectedly doubles

The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a qua...

Updated : 2016.04.29 20:24

BoJ surprises as it holds off stimulus, delays inflation target

BoJ surprises as it holds off stimulus, delays inflation target The Bank of Japan shocked markets Thursday as it held fire on a fresh round of widely expected stimulus measures, sparking questions a...

Updated : 2016.04.28 14:48

Saudi to sell less than 5% of Aramco, create $2 trillion fund

RIYADH (AFP) -- Saudi Arabia will sell shares in state oil giant Aramco and set up the world‘s largest wealth fund under a long-term economic reform plan, the deputy crown prince said Monday. Princ...

Updated : 2016.04.25 21:23

Japan's next generation of farmers could be robots

As the average age of farmers globally creeps higher and retirement looms, Japan has a solution: robots and driver-less tractors. The Group-of-Seven agriculture ministers meet in Japan’s northern pr...

Updated : 2016.04.23 16:58

China property boost to GDP risks fading after debt-fueled rise

China’s expansion may face stronger headwinds this year should the debt-fueled boost from real estate, a key driver of recent economic growth, prove unsustainable. The economy grew 1.1 percent in th...

Updated : 2016.04.18 14:11

Oil meeting collapses without freeze

DOHA, Qatar (AP) -- A meeting of oil-rich countries in Qatar that had been expected to boost crude prices by freezing production fell apart Sunday as Iran stayed home and vowed to increase its output...

Updated : 2016.04.18 14:11