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South Korea said it will sell or merge 41 of the nation's 319 state-owned companies as part of President Lee Myung Bak's pledge to make government-run firms more competitive.
The plans include selling a 49 percent stake in Incheon International Airport Corp. and part of Industrial Bank of Korea and its affiliates, the finance […]
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The Hawaii Department of Human Resources Development will be the first state agency to implement a four-day work week beginning Aug. 4.
The reduced work week will apply to all 111 employees at the department's offices at 235 S. Beretania St. in downtown Honolulu. The department recruits and processes employees for state jobs. […]
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New Zealand's central bank cut its benchmark interest rate by a quarter point to 8 percent, the first reduction in five years, saying slowing economic growth will curb inflation.
The nation's currency fell and stocks rose after Reserve Bank Governor Alan Bollard said he may cut rates further. “Economic activity is likely to remain […]
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European Central Bank policy makers said fighting inflation will remain the bank's priority even as economic growth falters.
“We have to do everything to reach our price-stability goal,'' ECB governing council member Klaus Liebscher told reporters in Vienna today. “I don't think that yesterday's increase in interest rates will hurt the economy.'' His colleague […]
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What's good news for U.S. businesses may turn out to be bad news for Federal Reserve Chairman Ben S. Bernanke's fight against inflation.
The surging oil prices that are raising exporters' costs to ship everything from steel to sofas to America are encouraging customers to buy more domestically made goods — and giving the […]
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The warm, sunny weather boosted Hawaii’s papaya production in April.
Fresh papaya output was estimated at 2.6 million pounds for April, up 4 percent from 2.5 million pounds in March and up 7 percent from 2.4 million pounds in April 2007, the National Agricultural Statistics Service Hawaii Field Office said Thursday.
Papaya […]
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Bank of England Governor Mervyn King will this week map out how much room policy makers see for interest-rate cuts as they struggle with faster inflation and signs the economy may be heading for a recession.
King will present the central bank's quarterly economic forecasts in its inflation report on May 14. The Office […]
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A Hawaii health insurer is suing the state Department of Human Services for awarding a $1.5 billion contract to two Mainland companies — a decision it says violates federal Medicaid law.
AlohaCare's lawsuit, filed in federal court late Thursday, seeks to overturn a Medicaid contract awarded to Tampa, Fl.-based WellCare Health Plans Inc. and […]
The Armed Forces Tickets Association - a Cincinnati nonprofit that provides events tickets for military families - will launch its program and Web site March 27.
AFTA offers active military personnel and their families free and discounted tickets to their partner organizations' events, according to a news release. Some of the 30 partner […]
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A joint venture between American Electric Power Company Inc. and a Pennsylvania power company has received regulatory approval for incentives on a transmission line stretching from West Virginia to Maryland.
The Columbus-based utility said the Federal Energy Regulatory Commission approved four transmission incentives for the project, dubbed Potomac-Appalachian Transmission Highline LLC. AEP is […]
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