Antitrust authorities of Korea and the European Union agreed Friday to ensure equal treatment of foreign companies in dealing with international cartel cases, Seoul officials said. The agreement was reached during a meeting in Seoul between Kim Dong-soo, head of South Korea’s Fair Trade Commission, and Joaquin Almunia, vice president of the European Commission, according to the FTC officials. Fair

 Fed chief also tells Senate no immediate stimulus planned for nowWASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers Thursday that they would deliver a “self-inflicted” wound to the nation’s economy by holding up efforts to raise the government’s borrowing limit.The Fed chief also said the central bank had no immediate plans to introduce new stimulus measures, elaboratin

Korea’s central bank on Thursday froze the key interest rate as external factors such as the eurozone debt problem seemed to take precedence over worries of high inflation at home. The Bank of Korea said it kept the benchmark base rate at 3.25 percent at a monthly monetary policy committee meeting ― a move that was widely expected in the market following a surprise quarter percentage point hike la

Asia’s increasing clout and resilience in the wake of an economic meltdown are steering growth of the exhibition industry, said Paul Woodward, managing director of UFI, the global association of the tradeshow business.Combined with the Pacific islands including Australia and New Zealand, he said the budding sector in Asia has expanded more than 50 percent over the past five years in terms of size