South Korean economic reforms, made in part to minimize the impact of a potential international financial crisis, make it a likely target for charges of unfair currency manipulation by the United States. There is growing concern in South Korea and in other emerging markets that the administration of U.S. President …

Westinghouse Electric Company filed for Chapter 11 bankruptcy protection Wednesday, saying it needed to restructure because of “certain financial and construction challenges” from its nuclear power plant projects. The company has struggled with cost overruns and delays with the plants. Parent company Toshiba warned in February it would need to …

California and a dozen other states could be heading for a showdown with the federal government as the Trump administration reviews rules on fuel efficiency and vehicle emissions, rules President Donald Trump has said curtail growth in the auto industry. California has a waiver under federal law to set its …

Trump administration trade officials want a revamped North American Free Trade Agreement to improve access for U.S. farm products, manufactured goods and services in Canada and Mexico, said lawmakers who met with them Tuesday. Members of the House Ways and Means Committee met with Commerce Secretary Wilbur Ross and acting …

Brazil’s federal police on Tuesday raided a brokerage in Rio de Janeiro which they allege helped launder money for corrupt former executives of state-run oil firm Petrobras, as part of their sprawling “Car Wash” anti-graft probe. Police said they searched the offices of the Advalor Distribuidora de Titulos e Valores …

U.S. consumer confidence, home prices, and the trade deficit all improved, according to economic reports published Tuesday. Consumer confidence hit a 16-year high, as consumers said they were more confident about getting or keeping jobs and the economic outlook in general. The Conference Board said its index jumped more than …

Ford Motor Co. is investing $1.2 billion in three Michigan facilities, including an engine plant where it plans to add 130 jobs. President Donald Trump, who has pressured automakers to invest more and create jobs in the U.S., applauded the move Tuesday in an early morning tweet. “Big announcement by …

Online retailer Amazon has announced another move into a traditional brick and mortar business, drive-up grocery stores. The company announced the AmazonFresh Pickup service Tuesday, according to CNBC. The service, which is currently only available to Amazon employees, would allow Amazon Prime members to order groceries online, choose a pick …

Indonesia has the world’s fourth-largest population at almost 260 million, but only 10 percent are registered as taxpayers and only about one million actually submit a tax return. That’s a major reason for the country’s huge and growing deficit, which has stalled the present administration’s ambitious infrastructure plans. To jump-start …

Twitter Inc, trying to boost its sagging advertising revenue, will allow brands to buy commercials on its video streams for Periscope, signaling a major push to make money off the live-streaming platform, the company announced on Tuesday morning. With sponsors growing more wary of exactly what kind of online videos …

American Airlines says it will purchase a minority stake in China Southern Airlines, a deal that will give the carrier greater access to the world’s two largest travel markets. American Airlines, the world’s largest by scheduled passengers carried, will buy $200 million in China Southern stock, the largest airline in …

Amazon purchased the Middle East’s biggest online retailer Souq.com on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed an $800 million counteroffer.   A joint statement described the purchase as expanding Amazon’s influence into the Mideast as the state-supported firm Emaar prepares to launch its own …

An Indiana board is poised to endorse a deal directing $7 million in tax breaks and grants for a deal brokered by President Donald Trump to keep hundreds of jobs at the Carrier Corp. factory in Indianapolis.   The incentive package is set for a vote by an Indiana Economic …

Turkish and Gulf airlines are touting free WiFi and better in-flight connectivity for smartphones as they scramble to mitigate the impact of a ban on laptops in plane cabins bound for the United States. The restrictions could deal a blow to fast-growing Gulf airlines, which depend on business-class flyers stopping …

In New York, the Dow Jones Industrial Average fell for the eight consecutive day on Monday.  Investors may have been discouraged by the failure of U.S. President Donald Trump to pass big changes to the health care insurance system that he promised during the campaign. U.S. stock indexes were down …

Transnational crime, or crimes committed across international borders, is growing at a faster pace than many realize, partly because the international community is not paying a lot of attention to it. That’s the conclusion from Global Financial Integrity or GFI, a non-profit Washington think tank that tracks illicit financial flows …

President Donald Trump says that empowering and promoting women in business are priorities in his administration.   In a round-table discussion, the president is telling a group of female business owners that his team will work on barriers women face. He says the administration is also trying to make childcare …

The global trend in counterfeiting and piracy is forecast to increase during the decade with China at the heart of production of fake goods from clothes to electronics, and risky fake medicines and cosmetics. But governments and businesses are looking to challenge the commercial threats posed by counterfeiting with steps …

Snap Inc., owner of messaging app Snapchat, received top ratings from a number of its IPO underwriters on Monday, sending its shares up more than 3 percent in premarket trading. Snap had a red-hot debut on March 1 in what was the largest listing by a technology firm in three …

The Associated Press used dozens of interviews and multiple public records requests to determine that North Carolina’s “bathroom bill” will cost the state more than $3.76 billion in lost business over a dozen years. This is how the largest elements were compiled and used:   PAYPAL   A state Commerce …

U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump’s promised tax cuts and infrastructure spending are implemented, a survey found. The economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by …

President Donald Trump is set to announce a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector. A senior administration official said Trump on Monday will announce the White House Office of American Innovation. The official sought anonymity …

Just months ahead of local elections, the Cambodian government has ordered the microfinance industry to cap the interest rate on new loans at 18 percent a year. While borrowers will applaud that at least in the short term the decision has rocked the industry, which fears some firms will go …

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and …

U.S. Treasury Secretary Steven Mnuchin said on Friday he believes financial markets could improve “significantly” once they fully reflect the potential for U.S. economic growth from President Donald Trump’s economic policies. Mnuchin said at an event sponsored by news website Axios that optimism about U.S. growth from policies such as …