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Reagan-era trade attorney Robert Lighthizer was easily confirmed Thursday as President Donald Trump’s U.S. trade representative, bringing a tough protectionist approach to national policy. The Senate confirmed Lighthizer by a vote of 82 to 14, with broad bipartisan support. The 69-year-old is returning to familiar territory, having served as deputy ...

Toshiba Corp. is considering extending the deadline for the second round of bidding for its chip business, as its partner, Western Digital Corp., continues to object to the sale, sources said Thursday. Toshiba initially planned to close the bidding on May 19 but is now considering extending the schedule to ...

After Moon Jae-in swore in as the new President, it is likely that Korea will beef up its multilateral diplomatic efforts including summit meetings with leaders of major nations in the world. Diplomatic sources said President Moon may have a summit meeting next month with U.S. President Donald Trump. Cho ...

Korea's exports continued its rally in May. According to the Korea Customs Service on May 11, the volume of exports for ten days between May 1 and 10 was US$9.7 billion, up 4.5 percent from the same period last year. The amount of exports for April increased 24.2 percent, rising ...

Saudi Arabia asked for active participation of Korean companies in its US$100-billion programs to create new growth engines and more jobs. Joo Hyung-hwan, Minister of Trade, Industry, and Energy, met his Saudi Arabian counterpart at the Four Season Hotel in Seoul on May 9.   During the talks, they discussed ways ...

Sesan Olufowobi The Lagos State Government says the disbursement of funds to People Living with Disabilities, PLD, who are willing to go into Small scale and Medium Enterprises, will soon begin. The Commissioner for Youth and Social Development, Mrs. Uzamat Akinbile-Yusuf, stated this at the interactive quiz between students of ...

Anna Okon The Bank of Industry has donated High Powered Liquid Chromatography equipment worth over  N45m to the National Agency for Food and Drug Administration and Control. While unveiling the equipment in Lagos, the development finance institution pointed out that the gesture was in line with its efforts to support ...

Okechukwu Nnodim, Abuja The chief operating officers of the five autonomous business units and two directorates of the Nigerian National Petroleum Corporation on Thursday signed a performance bond with the oil firm’s Group Managing Director, Dr. Maikanti Baru. According to the corporation, the exercise is part of measures aimed at ...

Ifeanyi Onuba, Abuja The Federal Government said it released a total of N1.2tn to finance capital projects as contained in the 2016 budget. The figure was released by the Ministry of Finance through a statement issued by the Director of Information, Salisu Dambatta. The N6.06tn 2016 budget, which closed on ...

Ifeanyi Onuba, Abuja The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, has called on members of the public to ignore rumours being circulated through text messages and in the social media of financial distress in some banks. He stated that the aim of the messages was ...