Finance & Economics | WPN World People News

Foreign direct investment (FDI) into South Korea grew 17 percent in the first quarter due to a growth in inflow from advanced economies such as Europe and Japan, a government report showed Thursday.

Canada's international merchandise trade with China has more than tripled in the past decade, according to data released by Statistics Canada.

The government has set its automotive export quotas for Mexico based on the requirements of each automaker operating in Brazil, officials said.

Struggling US internet company Yahoo! is planning to slash around 2,000 jobs, or 14 per cent of its workforce, marking the first move by new chief executive Scott Thompson to restructure and overhaul operations.

Benjamin Arellano-Felix, the former leader of the Tijuana Cartel/Arellano-Felix Organization (AFO), was sentenced today in U.S. District Court in San Diego by the Honorable Larry A. Burns to serve 25 years in federal prison, announced U.S. Attorney for the Southern District of California Laura E. Duffy. Judge Burns also ordered Arellano-Felix to forfeit $100 million in criminal proceeds. The sentence followed Arellano-Felix’s conviction for racketeering and conspiring to launder monetary instruments.

Even if federal agencies gave all their employees mobile devices tomorrow, many government buildings lack the wireless infrastructure needed to support the technology, government and industry officials said on Tuesday.

The world's biggest listed producer of oil is no longer US giant Exxon Mobil.

Pakistan and China have the potential to enhance economic ties, and bilateral trade can reach the target of $15 billion in the next three to four years, Pakistani Prime Minister Yousuf Raza Gilani said Sunday.

The central bank of South Korea has acknowledged the economy grew at its slowest pace for two years in the last quarter of 2011.