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Sep 16, 2014

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.” The presence or absence of that phrase will trigger a rush to assess the likely timing of the ...

Sep 15, 2014

OECD cuts growth outlook for G-7, worried about eurozone

The OECD on Monday cut its economic outlook for the Group of Seven nations in 2014, including Japan, while expecting a moderate expansion to continue in most of the major economies. In its interim economic assessment report, the Paris-based organization also said the “most ...

Apple a decade behind Japan's mobile payment curve

Sep 14, 2014

Apple a decade behind Japan's mobile payment curve

Apple Inc.’s proud announcement that its new iPhone could be used to buy goods in a single swipe left customers nonplussed in Japan, where mobile payments have been normal fare for a decade. A type of Near Field Communication chip, known in Japan as ...