AP Wire Service By Hyung-jin Kim SEOUL, South Korea (AP) — Former President Kim Young-sam, who formally ended decades of military rule in South Korea and accepted a massive international bailout during the 1997-1998 Asian financial crisis, died Nov. 22. He was 87. The chief of Seoul National University Hospital, Oh Byung-Hee, announced Kim’s death […]
Malaysia taken off US human trafficking blacklist
By Matthew Pennington Associated Press WASHINGTON (AP) — Democratic lawmakers and rights groups on July 27 accused the State Department of politicizing its annual rankings of nations on their efforts to combat modern-day slavery, as key trading partner Malaysia was taken off a blacklist. Cuba was also given an upgrade, a week after the U.S. […]
U.S. nominee for World Bank job to visit seven countries
By Martin Crutsinger The Associated Press WASHINGTON (AP) — Jim Yong Kim, the Obama administration’s nominee to head the World Bank, is starting a global tour to promote his candidacy with stops in Africa, Asia, and Latin America, the Treasury Department announced on March 26. Treasury officials said that Kim, the president of Dartmouth College, began his […]
India aims to overtake China as the world’s fastest growing economy
“We are facing a major problem,” said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month. “Despite importing gloves, we are not able to meet the demand.”
Group says Myanmar hid billions in gas revenues
BANGKOK (AP) — On Sept. 10, An environmental activist group accused Myanmar’s ruling military junta of hiding about $4.8 billion in unreported earnings from natural gas projects with foreign oil companies in overseas banks.
Commentary: Let’s profit from China’s industriousness
If I told you that General Electric has grown four times faster than its competition for decades and will continue to do so for years to come, yet its stock trades are well below its competition, wouldn’t you sell your car to buy as much GE stock as you could?
Official says China to continue buying U.S. debt
By Christopher Bodeen The Associated Press BEIJING (AP) — China will continue buying U.S. government debt while paying close attention to possible fluctuations in the value of those assets, a vice governor of Beijing’s central bank said March 23.