AP
Business Highlights
World Bank: China growth strong, inflation a risk
The World Bank raised its growth forecast for China and urged
the government Thursday to tighten monetary policy to avert risks from
inflation and its surging real estate market.
Oil above $113 as dollar weakens on Fed comments
Oil prices rose above $113 a barrel Thursday in Asia to the
highest since 2008 as a weakening U.S. dollar made commodities such as crude
cheaper for investors with other currencies.
Japan central bank keeps key rate at near zero
Japan's central bank said Thursday it is keeping its key
interest rate unchanged at virtually zero in a bid to support economic growth
after the March 11 earthquake and tsunami.
Malaysia, China sign pacts to boost investment
China and Malaysia have signed agreements to boost investment in
a string of projects involving energy, infrastructure and communications.
Summary Box: Apple could have pre-empted concerns
THE RESPONSE: Apple said Wednesday it does not track the precise
location of their phones as some users and privacy watchdogs had feared. It
said that a data file publicized last week by security researchers doesn't
store iPhone users' physical locations, just a list of Wi-Fi hotspots and cell
towers surrounding them.
Experts: Apple should've addressed concerns sooner
Apple should have responded much sooner to concerns about
location data stored on its iPhones, even if the company didn't have all the
answers ready, marketing and crisis-management experts say.
Hynix Semiconductor 1Q profit falls 66 percent
Hynix Semiconductor's quarterly profit fell 66 percent as sales
declined and memory chip prices remained weak, though the company said business
conditions should improve in the second quarter.
Economy likely slowed last quarter but better now
The economy probably slowed in the first three months of this
year as harsh winter weather and high oil prices hurt spending by consumers,
builders and other businesses. But economists predict that was a temporary
setback and growth will pick up over the rest of the year.
Earlier
Headlines
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Gov't asks food companies to limit youth marketing |
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Baidu first quarter profit more than doubles |
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World Bank: China growth strong, inflation a risk |
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Asia markets gain on US recovery optimism |
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Japan factory output, consumer spending plummets |
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Berkshire says former exec Sokol violated policies |
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Gov't asks food companies to limit youth marketing |
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Hynix Semiconductor 1st Q profit falls 66 percent |
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Reports: Panasonic to cut 40,000 jobs |
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Baidu 1Q results beat Street; outlook tops views |
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Wage hike expected to boost Venezuela's inflation |
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Ex-Costa Rican prez sentenced to 5 years for graft |