Building collapse reveals North Korea's goals

Aug 17, 2014

Building collapse reveals North Korea's goals

Pyongyang isn’t just any North Korean city. So when a 23-story apartment building under construction collapsed in the center of the showcase capital in May, officials faced a bona fide emergency. Their response was in some ways predictable: a grudgingly slow and piecemeal confirmation, ...

Berkshire Hathaway stock tops $200,000

Aug 15, 2014

Berkshire Hathaway stock tops $200,000

The stock price of Warren Buffett’s Berkshire Hathaway topped $200,000 for the first time Thursday. Class A shares of Berkshire jumped past the milestone to an all-time trading high of $201,740 Thursday morning. The shares have long been the most-expensive U.S. stock. Buffett has ...

Security, corruption key topics in Obama's talks with African leaders

Aug 7, 2014

Security, corruption key topics in Obama's talks with African leaders

President Barack Obama and dozens of African leaders opened talks Wednesday on two key issues that threaten to disrupt economic progress on the continent: security and government corruption. The discussions capped an unprecedented three-day gathering of African leaders in Washington. Much of the conference ...

Aug 5, 2014

China urged to reveal payments for Africa's natural resources

China should publicly disclose what it pays African governments for extracting oil, gas and minerals as a way to level the playing field for companies worldwide and help countries get a fair deal for their natural resource wealth, billionaire investor George Soros said on ...

Abe tours ancient pyramids with Mexican leader

Jul 27, 2014

Abe tours ancient pyramids with Mexican leader

Prime Minister Shinzo Abe wrapped up a two-day visit to Mexico on Saturday, taking a break from sealing energy deals to tour pyramids with President Enrique Pena Nieto. Abe and Pena Nieto visited the pre-Columbian city of Teotihuacan with their wives, Akie Abe and ...

U.S. hinterlands woo Chinese firms

Jun 26, 2014

U.S. hinterlands woo Chinese firms

by Paul Wiseman

Burdened with Alabama’s highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County desperately needs jobs. They are coming, and from a most unlikely place: Henan province, China. Henan’s Golden Dragon Precise Copper Tube Group opened a plant in Pine Hill ...

Barclays bank sued by N.Y. attorney general after fraud allegations

Jun 26, 2014

Barclays bank sued by N.Y. attorney general after fraud allegations

British banking and financial services firm Barclays PLC misled large institutional investors and other clients by falsely telling them it was taking measures to protect them from predatory high-frequency traders, New York’s attorney general said Wednesday. The allegations against Barclays were contained in a ...

Abe vows to start cutting corporate tax in fiscal 2015

Jun 7, 2014

Abe vows to start cutting corporate tax in fiscal 2015

Prime Minister Shinzo Abe said Friday that the country will start cutting the effective corporate tax rate in fiscal 2015 as part of efforts to encourage foreign investment in the country. Speaking to reporters in Rome, Abe said he has already instructed Takeshi Noda, ...

Icahn probed for illegal stock tips

May 31, 2014

Icahn probed for illegal stock tips

A federal investigation is probing whether a top-ranked professional golfer and a high-stakes gambler got illegal stock tips from billionaire investor Carl Icahn, U.S. media reported Friday. The Federal Bureau of Investigation and the Securities and Exchange Commission are investigating the stock trading patterns ...