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China exports jump 11.5%

BEIJING (AFP) -- China's exports surged 11.5 percent year-on-year in March to $160.8 billion, authorities said Wednesday, in a positive sign for the world’s second-largest economy. Imports fell for ...

Updated : 2016.04.13 14:42

Asian markets track global surge on oil deal hope

HONG KONG (AFP) -- Energy firms led an Asian stock market rally Wednesday as a strong trade report from China and news of a deal between Russia and Saudi Arabia to limit oil output injected traders w...

Updated : 2016.04.13 14:42

Nomura to close Europe business, cut jobs

Nomura Holdings, Japan’s largest brokerage, said it will close certain businesses in Europe and “nationalize” parts of its operations in the Americas. Operations in Asia won’t be affected by the cha...

Updated : 2016.04.13 12:36

World Bank: China’s growth to ease to 6.7% in 2016

MANILA, Philippines (AP) -- China will remain the main driver of growth in Asia this year despite its prolonged slowdown, helped by sustained expansions in other developing countries in the region, t...

Updated : 2016.04.11 14:23

Fed policymakers worried about slow global growth: minutes

Federal Reserve policymakers were broadly worried about the threat of slower global growth to the US economy, the minutes from their March 15-16 meeting showed Wednesday. As they decided against an ...

Updated : 2016.04.07 13:59

New inversion rules will kill Pfizer-Allergan deal

Drugmakers Pfizer Inc. and Allergan Plc are scrambling to determine whether to proceed with their plan to merge and move Pfizer's address _ but not its operations or headquarters _ to lower-tax Irela...

Updated : 2016.04.06 14:48

Facebook programs computers to describe photos for the blind

MENLO PARK, Calif. (AP) -- Facebook is training its computers to become seeing-eye guides for blind and visually impaired people as they scroll through the pictures posted on the world‘s largest onli...

Updated : 2016.04.05 21:28

'Panama Papers' revelations trigger global probes

Several countries have launched tax evasion probes after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities. Th...

Updated : 2016.04.05 14:01

Iran oil exports surpass 2 million barrels: minister

TEHRAN (AFP) -- Iran's oil exports have surpassed 2 million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zanganeh said on Sunday. “...

Updated : 2016.04.04 14:47

Behind China's $100 billion shopping spree

China’s Anbang Insurance Group Co., which has twice sweetened its offer to buy Starwood Hotels & Resorts Worldwide Inc., is engaged in a high-stakes bidding war with Marriott International Inc. to ac...

Updated : 2016.04.01 14:25

Cnooc tops Sinopec as China's second biggest oil producer

Oil’s plunge has reordered the pecking order among China’s biggest explorers. China Petroleum & Chemical Corp.’s move to close some high-cost fields has caused it to slip to number three in oil and ...

Updated : 2016.03.30 14:49

Fed

Yellen confident in U.S. growth but stresses ‘gradual’ rate hikes NEW YORK (AFP) -- Federal Reserve Chair Janet Yellen expressed confidence in U.S. economic growth Tuesday but stuck to a dovish stan...

Updated : 2016.03.30 14:40

China to end state corn stockpiling amid glut: Xinhua

China will end its state corn stockpiling program this year, replacing it with other subsidies, amid surging reserves in the world’s second-biggest grower, the official Xinhua News Agency reported. ...

Updated : 2016.03.30 14:39

Japan factory output falls in February at worst pace since 2011

Japan's factory output plummeted in February at its sharpest pace since the aftermath of the 2011 earthquake and tsunami disaster, government data showed Wednesday, the latest setback to efforts to r...

Updated : 2016.03.30 14:38

Brexit will hurt world economy: US Treasury chief

If Britain exits the European Union it will have a negative impact on the British, European and world economies, US Treasury Secretary Jacob Lew warned Tuesday. Britons are set to vote in a crucial ...

Updated : 2016.03.30 14:37