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  • SEOUL, South Korea— Global stock markets were mostly lower on Friday while stocks in mainland China extended their gains on expectations of further policy easing. KEEPING SCORE: European markets opened mixed with Britain's FTSE 100 up 0.4 percent at 7,090.82 and France's CAC 40 adding 0.1 percent to 5,227.91. CHINA STIMULUS: Stocks in Shanghai continued their...

  • Mohegan Sun discusses possible expansion in South Korea Thursday, 16 Apr 2015 | 6:04 AM ET

    UNCASVILLE, Conn.— The president of the Mohegan Tribal Gaming Authority says tribal officials have met with Korean interests to discuss the possibility of operating a casino near Seoul, South Korea. Robert Soper, president of the parent organization of the Mohegan Sun in Connecticut and Pennsylvania, told The Day that Kevin Brown, chairman of the Mohegan Tribal...

  • SEOUL, South Korea— A year ago, as South Korea writhed in grief and fury after more than 300 people, most of them school kids, drowned in a ferry sinking, it seemed things would never be the same. "I'm tired of talking about the Sewol because it's obvious that nothing has changed because of it," said Choi Chul- su, a 36- year-old office worker in Seoul. But South Korea is divided...

  • SEOUL, April 15- South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements. Iran and the United States, Britain, France, Russia, China, and Germany reached a preliminary deal on Iran's...

  • China clings to strong yuan despite export slowdown Tuesday, 14 Apr 2015 | 5:16 AM ET

    *China exports unexpectedly tumbled 15 pct in March. According to Goldman Sachs, its yuan trade-weighted index has jumped 13 percent since June last year, and the currency's strength is a key reason for China's disappointing export sales. The reluctance to weaken the currency comes after China's capital and financial account recorded a deficit of $91.2...

  • SEOUL, South Korea— A Japanese journalist returned to Tokyo for the first time in eight months on Tuesday after South Korea lifted a travel ban imposed on him for allegedly defaming the South Korean president. Seoul prosecutors formally indicted Kato, a former Seoul bureau chief for the conservative Sankei Shimbun newspaper, last October.

  • BEIJING— China's stock benchmark closed at a seven-year high Monday as hopes for economic stimulus rose. KEEPING SCORE: Germany's DAX shed 0.2 percent to 12,347.09 and France's CAC 40 was off just under 0.1 percent to 3,237.41. ASIA'S DAY: The Shanghai Composite Index rose 2.2 percent to 4,121.71 points, closing above 4,100 for the first time since March 11, 2008,...

  • US warns Europe against relying too much on exports Friday, 10 Apr 2015 | 5:31 AM ET
    A statue of the first Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury Department building in Washington, DC.

    The United States warned Europe on Thursday against relying too much on exports for growth and urged officials to make more use of fiscal policy.

  • Japan's Nikkei retreated after hitting its highest level in 15 years. Sydney's S&P ASX 200 gained 0.6 percent to 5,968.40 and Singapore, Manila and New Zealand also rose. NIKKEI RECORD: Japan's Nikkei index rose above 20,000 points on expectations for Japan's economic recovery and brisk corporate earnings, following aggressive monetary stimulus.

  • WASHINGTON, April 9- The United States warned Europe on Thursday against relying too much on exports for growth and urged officials to make more use of fiscal policy, saying stronger demand in Germany was essential. In its semiannual report to Congress, the U.S. Treasury Department appeared to give a preview of the positions it will press on foreign policymakers...

  • SEOUL, South Korea— When Samsung dubbed development of its latest smartphones "Project Zero," it was sounding a note of desperation as sales tumbled and it lost pole position in the crucial Chinese market to rivals Xiaomi and Apple. In the final quarter of 2014 it slipped marginally behind Apple in sales, according to Gartner, a market research firm.

  • *Bank of Korea cuts growth, inflation forecasts. The Bank of Korea cut this year's economic growth and inflation forecasts but Governor Lee Ju- yeol said the downgrades were already factored in when the central bank cut the base rate by 25 basis points to a record low 1.75 percent last month. "The non-unanimous decision suggests that the monetary easing cycle in...

  • A Chinese win at IMF no one-way bet for yuan Tuesday, 7 Apr 2015 | 5:00 PM ET

    SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...

  • Samsung shows signs of emerging from earnings slump Tuesday, 7 Apr 2015 | 1:11 AM ET

    SEOUL, South Korea— Samsung's quarterly operating earnings fell 31 percent from a year earlier but the drop wasn't as big as expected in a sign the smartphone and computer chip giant may be emerging from its profit slump. The company on Tuesday estimated its January-March operating profit at 5.9 trillion won, exceeding the average 5.5 trillion won forecast in a...

  • KEEPING SCORE: In Europe's first day of trading since Easter holidays, France's CAC-40 gained 1.1 percent to 5,129.53 and Germany's DAX was up 1 percent at 12,088.81. Britain's FTSE 100 added 1.2 percent to 6,917.36. RATE SIGNAL: Investors were reassured by a comment from William Dudley, president of the Federal Reserve's New York branch, that rate increases...

  • SEOUL, April 7- Samsung Electronics Co Ltd expects January-March profit to be its highest in three quarters, beating expectations and suggesting that the tech giant is on track for an earnings recovery ahead of the launch of new flagship smartphones. Operating profit likely reached 5.9 trillion won in the first quarter, the South Korean manufacturer said on...

  • Samsung shows signs of emerging from earnings slump Monday, 6 Apr 2015 | 8:05 PM ET

    SEOUL, South Korea— Samsung Electronics Co. said Tuesday that its first-quarter operating income likely beat analysts' consensus. The company's earnings preview put its January-March operating profit at 5.9 trillion won, which was higher than analysts' consensus of 5.5 trillion won according to financial data provider FactSet. Samsung estimated that its...

  • Japan steps up island claim in school textbooks   Monday, 6 Apr 2015 | 7:45 PM ET
    Japan steps up island claim in school textbooks

    Japan's move to include its claim to disputed islands in all middle-school textbooks may lead to more competition with South Korea in future, says Tobias Harris, Japan analyst at Teneo Intelligence.

  • *Oil rises after Saudi Arabia raises prices to Asia. NEW YORK, April 6- The dollar weakened further on Monday but stocks on Wall Street rose after a disappointing U.S. jobs report on Friday likely postponed the Federal Reserve's first interest rate increase in nearly a decade. "The market seems to be very confused whether bad or good news is good news," said Randy...

  • NEW YORK— Expectations that the Federal Reserve will be slow to raise interest rates following a weak jobs report last week helped send the stock market up on Monday. The stock market was closed Friday when the Labor Department reported that employers added just 126,000 workers to their payrolls in March, the smallest increase since December 2013.