Stephen Sheung, Head of Investment Strategy at SHK Private, expects the U.S. to see a significant re-balancing in the second quarter, which will benefit Asian countries like South Korea.» Read More
SEOUL, South Korea— LG Display Co. has developed an 18- inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs. It means LG Display could produce TVs that are larger than 50 inches diagonally and can be rolled up.
SEOUL, South Korea— Samsung is facing a fresh accusation that one of its China suppliers hired children to meet production targets during a period of high demand from the South Korean electronics giant.
SEOUL, South Korea— Global markets were mixed Thursday with a slight pickup in China's exports failing to give a lift to European stocks after most Asian indexes closed up. Britain's FTSE 100 was down 0.4 percent to 6,693.71.
*Bank of Korea cuts GDP, CPI forecasts; recovery seen on track. As expected, the Bank of Korea left its policy interest rate unchanged at 2.50 percent for the 14th straight month and trimmed its economic forecasts to reflect recent softness, but its governor maintained the view that Asia's fourth-largest economy was still on a recovery track.
SEOUL, South Korea— South Korea's central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking. Lee Ju- yeol, governor at the Bank of Korea, said Thursday that South Korea's economy will expand 3.8 percent this year instead of 4.0 percent predicted in April.
SEOUL, South Korea— South Korea's central bank says economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking. Lee Ju- yeol, governor at the Bank of Korea, said Thursday that South Korea's economy will expand 3.8 percent this year instead of 4.0 percent predicted in April.
SEOUL, July 10- A South Korean nuclear reactor has restarted after a month-long closure due to a control rod problem, a spokesman at state-run atomic operator Korea Hydro and Nuclear Power Co Ltd said on Thursday.
TOKYO— Asian stocks fell for a third day Wednesday and European markets traded tepidly as caution spread ahead of corporate earnings and after record highs on Wall Street.
Below are key facts and a timeline concerning development of China's yuan payments system. NOVEMBER 2005- China's central bank announces the expansion of the yuan banking business in Hong Kong.
BEIJING/ HONG KONG, July 9- China's quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned roll-out of a worldwide payments superhighway looks certain to get delayed because of policy snags and technology challenges.
BEIJING, July 8- The United States will press China to resume cooperation on fighting cyber espionage to ensure an orderly cyber environment, a senior U.S. official said on Tuesday ahead of annual talks between the world's two largest economies this week.
SEOUL, South Korea— Samsung Electronics Co. said operating profit declined to a two-year low in the second quarter, hit by the strong local currency and slowing demand for smartphones in China. The South Korean electronics giant said Tuesday its operating income was 7.2 trillion won for the three months ended June 30, down 24 percent from a year earlier.
SEOUL, South Korea— Samsung Electronics Co. said its second-quarter operating income has declined to a two-year low hit by the strong local currency and slowing demand for smartphones in China. The South Korean company said Tuesday in its earnings preview its operating income was 7.2 trillion won for the three months ending June 30.
BEIJING— Global stock markets were mostly lower Monday as investors looked ahead to U.S. corporate earnings following last week's strong job numbers. In Europe, France's CAC-40 shed 0.3 percent to 4,455.11 and Germany's DAX was off 0.2 percent to 9,990.38. Britain's FTSE 100 dropped 0.2 percent to 6,850.14.
China's benchmark Shanghai Composite Index was off 0.1 percent at 2,059.65 points and Hong Kong's Hang Seng was down 0.1 percent at 23,517.08. Taiwan, Sydney, Seoul and Singapore also registered small declines. Taiwan's Taiex shed 0.2 percent to 9,486.92 and Seoul's Kospi was off 0.4 percent at 2,001.27.
SEOUL, July 4- China and South Korea's vow to wrap up talks on a trade deal by year-end may prove optimistic, as differences over opening markets for petrochemicals, steel and agriculture could delay a deal, a senior South Korean trade ministry source said on Friday. China is the world's largest exporter and South Korea the seventh.
*Hong Kong retailers suffer after data disappoints. HONG KONG, July 4- China shares slipped from two-week highs early Friday as investors took profit on recent outperformers, though a stronger property sector helped limited losses.
BEIJING, July 3- Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step that anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.
SEOUL, South Korea— China and South Korea on Thursday agreed measures that will expand the use of China's tightly controlled currency and boost trade as Xi Jinping made his first presidential visit to the Korean Peninsula. At a press conference, Park said South Korea and China will aim to complete long-running free trade talks by the end of this year.
BEIJING, July 3- Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.