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  • SEOUL, June 30- U.S. chipmaker Qualcomm Inc has no plans to spin off its chips business at present, Executive Chairman Paul Jacobs said on Tuesday, despite recent investor pressure to do so amid intensifying industry competition. Hedge fund Jana Partners said in April Qualcomm should spin off the chip business from its patent-licensing business to improve...

  • *Shanghai, Seoul shares to rise in 2015. Still, China's stock market has more than doubled over the past year. The People's Bank of China cut interest rates and reserve requirements for some banks simultaneously over the weekend, after the poll data were finalized on Friday.

  • Asian stock markets sink after Greece closes banks Sunday, 28 Jun 2015 | 11:21 PM ET

    BEIJING— Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts. Tokyo's Nikkei 225 index fell 2 percent to 20,283.98 points. Market benchmarks in Taiwan, Singapore and New Zealand also fell sharply.

  • South Korea cuts growth forecast as MERS saps spending Thursday, 25 Jun 2015 | 2:32 AM ET

    SEOUL, South Korea— South Korea's finance ministry said Thursday that economic growth will slow this year as the outbreak of Middle East respiratory syndrome saps spending and tourism. The ministry cut its forecast for South Korea's growth to 3.1 percent from 3.8 percent. The outbreak that began last month is having a bigger effect on South Korea's economy...

  • *Supplementary budget to be handed to parliament early July. SEOUL, June 25- South Korea announced a financial package of more than 15 trillion won on Thursday, including a supplementary budget, designed to boost growth as a deadly outbreak of the MERS virus adds pressure on the already shaky economy. Finance Minister Choi Kyung- hwan said although there were...

  • SEOUL, June 25- South Korea announced a stimulus package of more than 15 trillion won on Thursday, including a supplementary budget, and slashed its economic growth forecast for the year as a deadly outbreak of the MERS virus added to pressure on the already shaky economy. "I am concerned growth will lag below 1 percent for a fifth straight quarter into the second...

  • SEOUL, June 25- South Korea's finance minister said on Thursday he was worried quarterly growth would be lower than 1 percent over the April-June period, against a backdrop of an outbreak of Middle East Respiratory Syndrome and an economic slump. "I am concerned growth will lag below 1 percent for a fifth straight quarter into the second quarter, and the current...

  • South Korea cuts growth forecast as MERS saps spending Wednesday, 24 Jun 2015 | 10:56 PM ET

    SEOUL, South Korea— South Korea's finance ministry said Thursday that economic growth will slow this year as the outbreak of Middle East respiratory syndrome saps spending and tourism. The ministry cut its forecast for South Korea's growth to 3.1 percent from 3.8 percent. The outbreak that began last month is having a bigger effect on South Korea's economy...

  • Foreign fund's fight with Samsung galvanizes shareholders Wednesday, 24 Jun 2015 | 3:09 AM ET

    At stake: Billions of dollars for the Lee family that founded Samsung and South Korea's image as a fair place for investors, big and small. Last month, Samsung announced that its defacto holding company Cheil Industries, which operates fashion, catering and theme park businesses, will take over Samsung C&T, a builder of skyscrapers and trader of goods.

  • Greek deal optimism gives stocks another nudge ahead Tuesday, 23 Jun 2015 | 3:25 AM ET

    Elsewhere, Germany's DAX rose 1.2 percent to 11,598 while the CAC-40 in France rose 1.3 percent to 5,063. The FTSE 100 index of leading British shares was 0.3 percent higher 6,843. Wall Street looked poised for another up day, with Dow futures and the broader S&P 500 futures up 0.2 percent. Investors think that a deal will be signed then, in time for Greece to get the...

  • He succeeded his ailing father in leading the charity foundation that owns Samsung Medical Center. Samsung Medical Center, one of the largest hospitals in South Korea, draws patients from around the country. "Our Samsung Medical Center could not stop the infection and the spread of MERS, causing so much pain and worry for the public," Lee said in a rare public speech...

  • Samsung heir apologizes in public for MERS spread Monday, 22 Jun 2015 | 10:49 PM ET

    He succeeded his ailing father in leading the charity foundation that owns Samsung Medical Center. Samsung Medical Center, one of the largest hospitals in South Korea, draws patients from around the country. As South Korea tried to contain the spread of the disease that killed 27 since the outbreak in May, there were growing calls to investigate why authorities...

  • And the rebound "is going to be capped," says HSBC economist Fred Neumann, because of changes in the world economy, including how American consumers are "much more frugal" than a decade ago. Asian exports to the United States have risen this year, but Neumann says such growth now is more driven by investment in software development and shale-oil drilling than by...

  • *Greece concerns boost dollar, weaken oil. *Coming Up: Baker Hughes oil rigs report at 1700 GMT. Market participants will be looking out for oil services firm Baker Hughes' latest weekly reading on the U.S. oil rig count at 1:00 p.m. Eastern time to decide on further direction.

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures. Market intelligence firm Genscape reported a draw of about 870,000 barrels at the Cushing, Oklahoma delivery point for crude in the...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...