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China overtaking US as global trader

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In this Nov. 27, 2012, photo, a customer checks bottles of imported wine at a supermarket in Beijing, China. Rising incomes have driven demand for wine and other luxury goods, making China a lifeline for European and American vineyards when the global crisis battered traditional markets. AP PHOTO/ALEXANDER F. YUAN

Shin Cheol-soo no longer sees his future in the United States.

Posted: December 3rd, 2012 in Latest Business Stories | Read More »

SKorea cuts key rate, lowers growth forecasts

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A currency trader walks in front of a screen showing the Korea Composite Stock Price Index (KOSPI), left, and foreign exchange rate at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Oct. 10, 2012. Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday. South Korea's Kospi dropped 1.4 percent at 1,955.84. AP/Lee Jin-man

South Korea’s central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia’s fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a worsening global slowdown.

Posted: October 11th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Samsung puts quarterly profit at record high again

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A woman walks by a billboard of Samsung Electronics's smartphones at a showroom of its headquarters in Seoul, South Korea. AP FILE PHOTO

Samsung Electronics Co. tipped all-time high quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders.

Posted: October 5th, 2012 in Latest Business Stories,Photos & Videos | Read More »

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