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  • July 1- Asia's largest economies showed hints of healing last month but euro zone factory growth remained tepid as Greek debt talks, and the country's possible departure from the bloc, dominated debate in Europe. Speculation Athens would fail to make June 30' s 1.6 billion euro repayment to the International Monetary Fund, heightening expectations Greece...

  • *Exports to U.S., China up, those to EU fall. SEOUL, July 1- South Korean exports declined for a sixth straight month in June, keeping policymakers under pressure as they sought to inject billions of dollars of fresh stimulus into an economy reeling from a one-two punch of weak domestic and global demand. "We'll keep seeing falls in exports throughout the third quarter...

  • *China activity surveys hint at some leveling out, no rebound. SYDNEY, July 1- Growth in China's services sector picked up in June while big Japanese companies planned to ramp up spending at the fastest pace in a decade, offering hope that prospects are improving for Asia's largest economies despite sluggish factory growth. Wednesday's data fueled expectations...

  • The Seoul Central District Court said the proposed takeover of Samsung C&T by Cheil Industries is legal and fair, clearing ways for Samsung to put the merger to a shareholder vote on July 17. Samsung said in May Cheil will take over Samsung C&T because construction and trading businesses needed new revenue sources, while Cheil, which operates businesses in...

  • SEOUL, South Korea— South Korea said Tuesday that it has decided to buy four military airborne refueling tankers from European aerospace giant Airbus Defense and Space for $1.3 billion. Airbus edged out bids from the U.S. Boeing Co. and Israel Aerospace Industries in the competition to provide South Korea its first such tanker aircraft, Seoul's Defense...

  • *Jan-May imports from Iran slightly over 1 mln bpd. A deal between Iran and six world powers would resolve a 12- year standoff over the Islamic nation's nuclear work in exchange for relief from sanctions, which could eventually send millions of barrels flooding into an already saturated market. Iran, the United States, Britain, France, Germany, Russia and China...

  • 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...

  • POLL-Asia stock rally hopes rest on more rate cuts Monday, 29 Jun 2015 | 1:00 AM ET

    *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.