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  • SEOUL, South Korea— LG Electronics Inc. said Thursday it has lost money in the fourth quarter as costs from the closure of its plasma TV operations offset a recovery in its mobile phone business. Operating income, which is a measure of profit before tax, interest and one-time expenses are deducted, rose 28 percent to 275 billion won on revenue of 15.3 trillion won.

  • SEOUL, Jan 29- Samsung Electronics Co Ltd is closer to losing its crown as global smartphone leader after posting a plunge in quarterly mobile earnings on Thursday, a day after rival Apple Inc reported the biggest profit in corporate history. It was the mobile division's fifth consecutive quarter of decline, in contrast to Apple's record-breaking 74.5 million...

  • SEOUL, Jan 29- Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant's smartphone business. The result put the firm's 2014 profit at 25 trillion won, down from a record 36.8 trillion won in 2013 and the lowest since 2011, as the world's top...

  • SEOUL, South Korea— Samsung lost the battle of the big phones last quarter as Apple's copycat large iPhone lured buyers in the crucial Chinese market. Samsung accounted for nearly one third of global smartphone sales in 2013, twice as much as Apple. Apple Inc. was behind Samsung's latest reversal in fortune, launching iPhones with bigger screens that robbed...

  • SEOUL, South Korea— Facebook's Instagram service says it is aware of outage and is working on a fix.

  • SEOUL, South Korea— For many, the hour without a Facebook was a golden opportunity for a joke— or a marketing pitch— on other social media sites. Facebook said the outage that made its sites inaccessible worldwide for about an hour Tuesday was self-inflicted. "Kind of like the snowstorm that was supposed to cripple New York City, this didn't have much of an impact on...

  • SEOUL, South Korea— Facebook suffers widespread outage affecting users in United States, Asia.

  • SEOUL, South Korea— Asian stocks and the euro were weaker Monday after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the European common currency bloc could unravel. KEEPING SCORE: Japan's Nikkei 225 dropped 0.6 percent to 17,402.97 and South Korea's Kospi was down 0.2 percent at 1,935.40.

  • *China factory activity contracts for 2nd month. LONDON/ BEIJING, Jan 23- Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, vindicating the European Central Bank's decision to print money in a bid to revive inflation. Euro zone firms cut prices at the fastest rate in nearly five years and Chinese...

  • NEW YORK— Oil prices rose initially on news of the death of Saudi Arabia's powerful King Abdullah, but the increase was moderate and short-lived. The benchmark U.S. crude futures contract rose more than $2 a barrel in the hours after the king's death was announced Thursday evening in New York. Brent crude, an international benchmark, was up 80 cents to $49.32 a...

  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • SKorea economic growth slows to 2.7 percent in 4Q Friday, 23 Jan 2015 | 12:02 AM ET

    SEOUL, South Korea— South Korea's economy grew at its slowest pace in more than a year in the fourth quarter due to reduced government spending. The Bank of Korea said Friday that Asia's fourth-largest economy expanded 2.7 percent from a year earlier in the October-December quarter. From the third quarter, South Korea's economy expanded just 0.4 percent, the...

  • SKorea economic growth slows to 2.7 percent in 4Q Thursday, 22 Jan 2015 | 10:42 PM ET

    SEOUL, South Korea— South Korea's economy grew at its slowest pace in more than a year in the fourth quarter due to reduced government spending. The Bank of Korea said Friday that Asia's fourth-largest economy expanded 2.7 percent from a year earlier in the October-December quarter. From the third quarter, South Korea's economy expanded just 0.4 percent, the...

  • SEOUL, Jan 22- Hyundai Motor Co announced its biggest-ever dividend on Thursday to appease shareholders angered by a $10 billion property buy, but the payout failed to distract investors from growth prospects clouded by declines in the rouble and yen. Earlier in the day, Hyundai missed analyst estimates by posting a 19 percent decline in October-December net...

  • Hyundai blamed unfavorable foreign exchange rates for the lower earnings. Even though the South Korean won fell against the U.S. dollar in favor of Hyundai, it rose against the Russian ruble and the currencies of other emerging market nations. For this year, Hyundai forecast sales will grow just 1.8 percent to 5.05 million vehicles, the weakest growth in recent...

  • *Bank of Korea wary over global market volatility. SEOUL, Jan 22- South Korea is closely watching rising volatility in financial markets sparked by rate cuts around the world, the central bank governor said, and pointed to the European Central Bank policy decision later in the global day as a key moment for investors. Bank of Korea Governor Lee Ju-yeol said...

  • LG to launch curved G Flex 2 smartphone next week Wednesday, 21 Jan 2015 | 9:46 PM ET

    SEOUL, South Korea— LG Electronics Inc. said it will start selling a new curved smartphone next week in its latest effort to bring the curve to a mass market. The South Korean company said Thursday that the G Flex 2 will be launched locally on Jan. 30 and overseas in coming months. LG's hometown rival Samsung Electronics Co. is also experimenting with curved screens.

  • *Sydney, London, Frankfurt among global yuan trading centers. DAVOS/ ZURICH, Jan 21- Switzerland's central bank said on Wednesday it had agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • *Sydney, London, Frankfurt among global yuan trading centers. ZURICH, Jan 21- Switzerland's central bank said on Wednesday it has agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.