South Korean authorities have arrested four additional crew members of the Sewol ferry after President Park Geun-hye likened the actions of the crew "to murder." CNBC's June Yoon reports.» Read More
The Air Force wants to gradually retire the fleet of 32 "Dragon Lady" planes, which can soar to an altitude of 70,000 feet, collect intelligence on North Korea and Russia and rapidly send the data to U.S. commanders.
MOKPO, South Korea— A colleague calls Capt. Lee Joon- seok the nicest person on the ship. With more than 40 years' experience at sea, Lee could speak with eloquence about the romance and danger of a life spent on ships.
TOKYO— President Barack Obama's travels through Asia in coming days aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing markets that are the center of gravity for global growth.
April 22- For other related diaries, please. MANILA- Asian Development Bank will launch its latest Asian Economic Integration Monitor, a semiannual review of Asia's regional economic cooperation and integration. COLOMBO- Sri Lanka Central Bank announces interest rate decision- 0130 GMT.
JINDO, South Korea— Lee Byung- soo says he knew, when he saw his 15- year-old son's body in the tent. It could not have been more horrifically obvious. the truck driver yelled as he hugged Lee Seok- joon. "
BEIJING— Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea. Oil declined but stayed above $104 per barrel amid concern over simmering tensions in Ukraine.
Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. On Thursday, global stocks were subdued after Google and IBM reported weak results, even though General Electric was optimistic and Goldman Sachs and Morgan Stanley beat expectations.
The captain and two crew members of a ferry that capsized were arrested Saturday, the New York Times reports.
MOKPO, South Korea— Fresh questions arose about whether quicker action by the captain of a doomed ferry could have saved lives, even as rescuers scrambled to find hundreds of passengers still missing Friday and feared dead.
LOS ANGELES— An Airbus A380 superjumbo jet hit two light poles while taxiing to its gate at Los Angeles International Airport with hundreds of passengers aboard.
MOKPO, South Korea— An immediate evacuation order was not issued for the ferry that sank off South Korea's southern coast, likely with scores of people trapped inside, because officers on the bridge were trying to stabilize the vessel after it started to list amid confusion and chaos, a crew member said Thursday.
*Google and IBM fall after hours as earnings disappoint. However, disappointing results from Google and IBM knocked their shares lower after the bell and could crimp technology stocks in the region. Other markets fared better with shares in Seoul up 0.4 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.2 percent.
SEOUL, April 16- Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said.
MOKPO, South Korea— Koo Bon- hee could see the exit. But 290 of the 475 people aboard— many of them high school students on a class trip— were still missing after the ferry sank Wednesday off the southern coast of South Korea.
WASHINGTON— The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The Treasury Department said China's currency, the renminbi, has appreciated but not as fast or as much as needed.
Europe's banks prepare for ECB tests with new provisions. LONDON- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
*Twitter executives in talks in Ankara. *Official says Twitter earns $35 million in Turkey. ISTANBUL, April 14- Turkey urged executives from Twitter to open an office and start paying Turkish tax on Monday in the first direct talks since a two-week ban imposed on the site as the government battled a corruption scandal.
Oil rose above $104 per barrel amid renewed tensions between Ukraine and Russia. In early European trading Germany's DAX fell 0.5 percent to 9,275.98 and France's CAC-40 shed 0.1 percent to 4,361.36. Britain's FTSE 100 dropped 0.5 percent to 6,530.90.
MUMBAI, India— Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. Malaysia- based GrabTaxi operates in five Southeast Asian countries and recently announced more than $10 million in new investment.
Oil rose above $104 per barrel amid renewed tensions between Ukraine and Russia. China's benchmark Shanghai Composite Index lost 0.4 percent to 2,122.38 and the regional heavyweight, Tokyo's Nikkei 225, shed 0.1 percent to 13,944.43. Hong Kong's Hang Seng shed 0.1 percent to 22,980.27 and Taiwan's Taiex lost 0.5 percent to 8,867.20.