Since the disappearance of jet MH370 on March 8, the cost of the hunt for Malaysia Airlines airplanes has reached $44 million and is ongoing.» Read More
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— A ferry carrying 462 people, mostly high school students on an overnight trip to a tourist island, sank off South Korea's southern coast on Wednesday, leaving more than 280 people missing despite a frantic, hours-long rescue by dozens of ships and helicopters.
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.
"I never worried like this before what happened with the missing Malaysia Airlines plane," Yulveri, who like many Indonesians uses only a single name, said at Jakarta's Soekarno-Hatta International Airport.
European markets opened weaker, with Britain's FTSE 100 losing 1 percent to 6,575.83. Germany's DAX fell 1.2 percent to 9,338.48 and France's CAC-40 shed 1 percent to 4,369.26.
SEOUL, April 10- South Korea's central bank held interest rates steady for an 11th consecutive month, as expected, at the new governor's debut policy meeting, with markets pricing in rates being raised from late 2014..
SEOUL, April 9- As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales.
LONDON— The sell-off in global markets dragged into Tuesday following another Nasdaq-inspired retreat on Wall Street and as investors fretted over the rise in tensions in eastern Ukraine.
SEOUL, South Korea— Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter. The average price of a Samsung smartphone this year will likely be $275, down 9 percent from 2013, according to Chung Chang- won, an analyst at Nomura Financial Investment.
TOKYO— Japan and Australia have agreed on a free trade deal that both sides say will yield windfalls for their economies. The deal calls for Japan to gradually phase out its nearly 40 percent tariffs on Australian exports of beef.
TOKYO— Australian Prime Minister Tony Abbott is leading a business mission of some 600 people to Tokyo, where he hopes to reach a free trade agreement during a summit with his Japanese counterpart, Shinzo Abe. Japan is Australia's second-biggest trading partner after China and a major customer for its beef and other farm goods.
SEOUL, South Korea— European stocks made modest gains Friday and Asian markets meandered as investors looked to the upcoming U.S. job report for a fresh trading cue. Britain's FTSE 100 rose 0.4 percent to 6,674.11 while Germany's DAX added 0.2 percent to 9,645.57. France's CAC 40 was also up 0.2 percent to 4,459.32.
The 4th U.S. Circuit Court of Appeals in Virginia voided the verdict against South Korea's Kolon Industries Inc because of mishandled evidence.
WASHINGTON, April 3- The United States, Japan and South Korea will hold talks in Washington next week aimed at finding ways to persuade North Korea to give up its nuclear weapons program, the U.S. State Department said on Thursday.
SEOUL, April 3- South Korea should shift away from a quota system on rice imports to ease pressure from the World Trade Organisation to open its markets for the grain, agricultural industry and government officials in the country said on Thursday.