World leaders said they would work to tackle global economic “tensions and vulnerabilities” that have raised fears of currency wars and trade protectionism as they wrapped up a Group of 20 summit in Seoul on Friday. The following is a …
The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade agreement while President Barack Obama is in Seoul for the Group of 20 summit. An announcement is …
Somali pirates have freed a hijacked South Korean-operated supertanker and its 24 crew after seven months of captivity, officials said Sunday amid reports that a record ransom was paid. The Samho Dream was sailing toward a safe third country under …
Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog. With the Aussie dollar at a 28-year high, now would be …
Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China’s surprise decision to raise interest rates for the first time since 2007. Higher rates ought to push up …
Australia faces almost double the number of destructive tropical cyclones, possibly as many as 22, across oil and gas, iron ore and sugar production regions during 2010/11 cyclone season, the weather bureau said. The above-average number of cyclones are a …
Somali pirates have hijacked a South Korean-operated fishing boat with 43 sailors, Seoul’s Foreign Ministry said Sunday. Two South Korean, two Chinese and 39 Kenyans were aboard the 241-ton Kenya-registered trawler when it was attacked Oct. 9 in the waters …
The European Union agreed on Thursday to sign a free-trade pact with South Korea and grant Pakistan trade concessions after floods, but a row over France’s deportation of Roma migrants marred a one-day summit. The agreement on trade issues was …
Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …
