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  • *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.

  • Samsung's Tizen makes poor first impression in India Tuesday, 20 Jan 2015 | 6:44 PM ET

    Samsung's Tizen smartphone got a frosty welcome in India, facing criticism of its low-resolution cameras and dearth of software applications.

  • MUMBAI, Jan 21- Samsung Electronics Co Ltd's first smartphone to run on its own operating system received a frosty welcome after its launch in India, with reviewers and consumers criticising its low-resolution cameras and dearth of software applications. But the initial reaction of analysts and consumers after its Jan. 14 launch suggests the Z1 will struggle...

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • SEOUL, South Korea— The former Korean Air executive famous for an inflight tantrum over macadamia nuts pleaded not guilty Monday to violating aviation safety law and hindering a government investigation. Lawyers for Cho Hyun- ah did not dispute the major elements of the prosecutor's account of events on Dec. 5 when Cho's behavior resulted in a Korean Air jet...

  • NSA 'tapped N. Korean networks' before Sony attack Monday, 19 Jan 2015 | 3:32 AM ET
    North Korean leader Kim Jong Un

    Evidence gathered about N. Korea proved critical in President Obama accusing the country of ordering the cyberattack on Sony. The NYT reports.

  • SEOUL, Jan 19- Uber Technologies Inc said on Monday it will connect users to a licensed taxi company in the South Korean city of Incheon, in a bid to comply with local regulations that ban the controversial online ride-sharing service from using private cars. The move comes a month after the prosecutors in the capital Seoul indicted Uber CEO Travis Kalanick and...

  • *Books record net profit, revenue in 2014 on Apple strength. TAIPEI, Jan 15- Apple Inc chip supplier TSMC reported record net profit on Thursday and said the proliferation of low-priced, chip-hungry smartphones in China could see the company expand production in the world's biggest handset market. Taiwan Semiconductor Manufacturing Co Ltd, whose chips company...

  • Why a Samsung takeover of Blackberry could make sense Thursday, 15 Jan 2015 | 4:57 AM ET

    SEOUL, South Korea— Samsung and Blackberry have splashed frigid water on a report that Samsung wants to make a $7.5 billion takeover offer for the struggling Canadian device maker. Once strong in mobile devices, Blackberry is now an also ran, overtaken by the touchscreen offerings of Apple and Samsung. One drawback of KNOX for Samsung is that it is based on...