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  • After the June ceremony, Pope Francis will have nominated 74 cardinals since being elected Pope in 2013, according to statistics on the Vatican's website. Two of those named by the Pope are Bishop Luis Ladaria Ferrer, head of the Vatican's doctrinal department, known as the Congregation for the Doctrine of the Faith, and Archbishop Angelo Becciu, deputy...

  • *Koo Bon- moo led parent group of LG Electronics and LG chem. SEOUL, May 20- The chairman of South Korea's LG Group, Koo Bon- moo, instrumental in transforming the country's fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with a brain disease. LG Group said in a statement Koo, 73, had been ill for a year.

  • DUBAI, May 20- Gulf stock markets were mixed in early Sunday trading in light volumes, with Dubai dragged down by real estate developer Emaar and the Saudi exchange trading up, supported by last weeks gains in oil prices. Real estate developer Jabal Omar Development was among the best performers, up 6.1 percent, after announcing an agreement with Albilad Capital...

  • CAIRO, May 20- Egypt's Beltone Financial is seeking a controlling stake in Oragroup, which owns banks in 12 African countries, as the company looks to expand its financial services on the African continent, Beltone said in a statement late on Saturday. Beltone Financial, listed on the Cairo exchange and one of the country's largest asset managers and financial...

  • Moon and Trump spoke over the phone for about 20 minutes, and exchanged their views on North Korea's recent reactions, South Korea's presidential office said without elaborating. North Korea's chief negotiator Ri Son Gwon said on Thursday it would not hold talks with South Korea unless their demands were met, taking issue with the U.S.-South Korean air combat...

  • Financial opening also should an orderly process to control any risks that could arise, said Huang Yiping, a member of a member of the Peoples Bank of Chinas monetary policy committee. Beijing has promised to reduce or remove market entry barriers to foreign firms in its financial market, and the United States has pushed China to allow greater foreign access to...

  • President Donald Trump's decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan's economy, endangering a key goal of the U.S. strategy to end America's longest war. The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for...

  • SEOUL, May 20- The chairman of South Korea's LG Group, Koo Bon- moo, instrumental to transforming the country's fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with brain disease. LG Group said in a statement Koo, 73, had been ill for a year. Prior to its chairman's death, LG Group had established a holding company in...

  • WASHINGTON— The United States and China have agreed to take measures to "substantially reduce" America's massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a specific numerical goal. The United States said it would send a team to China to work out the details. Last year, the United States had a record deficit with...

  • BEIJING, May 20- Hollywood's push for greater access to China's booming film market- delayed since last year- has become tangled in broader trade talks between Washington and Beijing, a potentially thorny position amid whipsawing trade relations. Negotiations to raise a Chinese quota on imported films and boost the share that overseas producers get of box...

  • SEOUL, May 20- South Korea's fourth-largest conglomerate LG Group said its Chairman Koo Bon- moo passed away on Sunday due to illness. Koo, 73, had been struggling with an illness for a year, LG Group said in a statement. Prior to its chairman's death, LG Group had established a holding company in order to streamline ownership structure and begin the process of...

  • WASHINGTON, May 20- China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural commodities...

  • KUALA LUMPUR, May 20- In early 2015, as Malaysians were protesting over government plans to introduce a consumption tax, the then first lady was complaining about the rising costs of her hairdresser. Rosmah Mansor lamented in a speech at a public forum on the implementation of the tax that she had to pay 1,200 ringgit for one hair-dyeing session, at a time when the...

  • KUALA LUMPUR, May 20- In early 2015, as Malaysians were protesting over government plans to introduce a consumption tax, the then first lady was complaining about the rising costs of her hairdresser. Rosmah Mansor lamented in a speech at a public forum on the implementation of the tax that she had to pay 1,200 ringgit for one hair-dyeing session, at a time when the...

  • SEOUL, May 20- Koo Bon- moo, the chairman of South Korea's fourth-largest conglomerate LG Group, passed away on Sunday due to illness, the Yonhap news agency said.

  • BEIJING, May 20- Hollywood's push for greater access to China's booming film market- delayed since last year- has become tangled in broader trade talks between Washington and Beijing, a potentially thorny position amid whipsawing trade relations. Negotiations to raise a Chinese quota on imported films and boost the share that overseas producers get of box...

  • WASHINGTON, May 19- China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural commodities...

  • WASHINGTON, May 19- China has agreed to take measures to boost imports from the United States to reduce America's trade deficit, the two countries said on Saturday, although without mentioning the $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep on talking about measures under which China would import more...

  • WASHINGTON— Just-ended U.S.- China trade talks produced a commitment by Beijing to "significantly increase" its purchases of American goods and services, according to a joint statement Saturday from the rival economic powers trying to lower trade tensions. The statement said the United States would send a team to China to work out further details.

  • WASHINGTON, May 19- The United States and China agreed to take measures to reduce the U.S. trade deficit in goods by having China purchase more American goods- particularly agriculture and energy products, according to a joint statement the two nations released on Saturday. "There was a consensus on taking effective measures to substantially reduce the United...