Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy.
Tags: South Korea
Evernote cuts down 47 jobs, closes three global offices
Evernote Corporation had layoff 47 of its workers and closes three of its global offices. Reports confirmed affected locations were in Moscow, Singapore and Taiwan. Evernote CEO Chris O'Neill wrote in the company blog on Tuesday that Evernote had reduced 47 jobs. The company shuts down operation in three offices as well. "Today we let go of 47 people from the Evernote team and announced the closure of three of our global offices. We are grateful for the immense contributions of each and every affected person."
Asian growth plans at risk due to China meltdown
Chinese factor is impacting significantly growth plans of several economies in the Asian region. The uncertainty in the stock markets and volatility in the foreign exchange (forex) have kept the many Asian nations in a gripping situation.
UK testing motorways that charge electric cars as they drive
Charging an electric car in the United Kingdom may soon be as convenient as charging a phone. The British government is testing later this year a motorway that enables electric cars to charge as they drive, using magnetic induction technology.
EXO Fan Threatens to Bomb BIGBANG’s Concert; EXO-Ls’ Negative Image Soils EXO’s Name?
EXO fan threatens to bomb a BIGBANG concert in the Philippines after EXO lost to the latter in an online poll. Are EXO-Ls continuing to bring negative image on EXO with childish actions toward other K-Pop groups?
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Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth.
Manufacturing activity growth remained sluggish in some of the world's major economies in April, suggesting that global economic growth remains "moderate and uneven," as the International Monetary Fund described it in its World Economic Outlook in April.
China's factories stayed stuck in the slow lane in April while Japanese output went into reverse and South Korea suffered its worst export performance in two years, adding urgency to calls for more state stimulus in all three economies.
U.S. Agriculture Secretary Tom Vilsack on Monday asked China to drop a ban on imports of U.S. poultry imposed because of an outbreak of bird flu in chickens and turkeys.
Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
The United States is pressing Mexico, the top importer of U.S. chickens and turkeys, to relax restrictions imposed on poultry shipments because of an outbreak of a strain of avian flu deadly to birds, an Agriculture Department spokeswoman confirmed on Friday.
The United States on Friday pressed the world's leading exporters, including Germany and Japan, to generate more economic growth within their borders, warning that the world could not rely too much on U.S. consumers.
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said on Monday.
LG will dole out 4,000 G4 devices across South Korea, USA, Canada, and other regions soon. Consequently, a leak was recently discovered revealing the G4’s specs and features like IPS Quantum Display, f/1.8 aperture lens camera, removable 3,000mAh Battery and SD Card Slot, and many more.
