Kelly Olsen

Kelly Olsen

Kelly Olsen

 

World Bank takes hard line on corruption

Kelly Olsen

The chief of the World Bank took a hard line on corruption on Friday while his counterpart at the International Monetary Fund said policy-makers need to be ready to adapt to a more difficult economic environment in the coming year as delegates gathered for the sister institutions' annual meetings.

Samsung's market value soars past $100bn

Kelly Olsen

Samsung's market value surged past $100-billion on Wednesday as its stock jumped 5,1%, putting it among Asia's largest companies by market capitalisation. The value of Samsung's common stock rose to about 103-trillion won, or $103-billion, after its share price rose to a record high 699 000 won ($699) on Wednesday.

N Korea accuses US of planning nuclear attack

Kelly Olsen

In a second day of bluster following a landmark disarmament accord, North Korea on Wednesday threatened retaliation if the United States carries out what the North claims are plans to annihilate it in a nuclear attack. At six-nation talks in Beijing on Monday, North Korea had promised to give up its nuclear-weapons programme.