North Korea fired two short-range missiles into the sea Monday amid ongoing annual military exercises between Seoul and Washington.» Read More
LONDON, March 15- New York has knocked London from its position as the world's leading global financial centre after seven years, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen.
SEOUL, March 14- South Korea has culled over 6 percent of poultry in the country to curb a bird flu outbreak that has hit farms and migratory birds nationwide, government officials said on Friday.
*Bank of Korea seen raising rates from late 2014. SEOUL, March 13- South Korea's central bank kept interest rates steady for a 10th straight month on Thursday, as expected, as it eyes offshore risks and a slow domestic economic recovery amid low inflationary pressures.
OTTAWA, March 11- Canada and South Korea announced on Tuesday they had wrapped up talks on a long-delayed free trade deal which had stalled for years amid squabbles over exports of autos and beef. Canada's Trade Ministry says exports to South Korea in 2012 were worth C $3.7 billion while imports from South Korea hit C $6.4 billion.
OTTAWA, March 6- Canada and South Korea are very close to signing a long-delayed free trade deal after years of talks, sources familiar with the negotiations said on Thursday. Canada, seeking to diversify its exports away from the United States, has long targeted the rapidly expanding economies of Asia.
SEOUL, March 6- South Korea plans to ease rules to make mergers and acquisitions easier for private equity firms and local companies in a bid to facilitate the sale of an estimated 10 trillion won in assets of cash-strapped local conglomerates.
HONG KONG, March 5- The volume of M&A activity in South Korea has posted its strongest start to the year since 2008, rising 18 percent to date and dominated by a spate of private equity dealmaking.
SINGAPORE/ MELBOURNE, Feb 26- Australia is turning into a playground for global oil traders, who are snapping up storage tanks and terminals as they bet on it to become Asia's top importer of oil products as demand rises and old, inefficient refineries close.
"Asiana's response to the crash of flight 214 indicates that the carrier failed to commit sufficient resources to carry out its family assistance plan," the U.S. Department of Transportation said in a statement. An Asiana spokesman in Los Angeles declined to comment.
LONDON, Feb 25- World shares were at a 6- year high on Tuesday following a record peak on Wall Street, while moves by China to stamp out easy betting on the yuan triggered the currency's biggest drop in over three years.
*Line's parent Naver says no plan, no reason to sell. TOKYO/ SEOUL, Feb 25- Japan- based Line Corp denied a media report it was in talks to sell a stake to SoftBank Corp- a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs. Both Line and its South Korean parent company Naver Corp denied the report.
SEOUL/ TOKYO, Feb 25- South Korea's Naver Corp said it had no plans to sell a stake in its mobile-messaging service Line Corp after a media report that Japan's SoftBank Corp was seeking to buy part of the fast-growing mobile app operator. Naver, whose shares shot up more than 8 percent on Tuesday on the report, denied it was discussing a possible sale.
TOKYO, Feb 23- Japan has drafted new guidelines that would reverse a decades-old ban on weapons exports, a source with knowledge of the matter said on Sunday, a move that could further strain ties with neighbours China and South Korea.
LONDON, Feb 19- Hesistant share investors kept a wary eye on interest rates in China while the euro left the dollar in its wake on Wednesday after soft U.S. economic data argued against any rapid withdrawal of Federal Reserve stimulus.
SYDNEY, Feb 19- Asian share markets were in hesitant mood on Wednesday as investors keep a wary eye on interest rates in China, though the euro left the dollar in its dust after more soft U.S. economic data. The action was light, with MSCI's broadest index of Asia-Pacific shares outside Japan barely changed and Australia up a slim 0.3 percent.
Feb 18- For other related diaries, please. ACCRA- Bank of Ghana announces interest rate decision. SYDNEY- Institute of Internal Finance/G20 conference in Australia.
Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays says it will axe up to 12,000 jobs this year even as it raises bonuses for investment bankers, prompting fury among politicians and unions who say it has not learned the lessons of the financial crisis.
Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays slammed by politicians and unions for having its priorities wrong after saying it will axe up to 12,000 jobs this year to cut costs while increasing bonuses for its investment bankers.
*Gold hits 3- month high, dollar eases ahead of Yellen testimony. LONDON, Feb 11- Gold hit a three-month high and global shares edged higher on Tuesday as investors bet that the new head of the U.S.
*Asia shares nudge higher, Australia outperforms on upbeat data. Fed Chair Janet Yellen appears before the House Financial Services Committee at 1500 GMT and will likely face questions on the state of the labour market and the future pace of tapering.