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  • NEW YORK, April 20- Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of U.S. Navy ships to waters near Yemen and an alert issued by Saudi Arabia for a possible militant attack...

  • NEW YORK, April 20- Oil prices rose on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Brent, the more widely-referenced benchmark, was up 40 cents at $63.85 a barrel by 1:12 p.m. EDT, after falling more than $1 earlier. "The market was bouncing...

  • Tensions in the Middle East and a drop last week in the number of rigs drilling for oil in the United States also put a floor beneath U.K. North Sea Brent and U.S. crude futures, traders said. Brent, the more widely-referenced benchmark, was up 10 cents at $63.55 a barrel by 11:53 a.m. EDT, after falling more than $1 earlier. "The market was bouncing around looking for...

  • LONDON, April 20- Oil prices rose in a volatile day of trading on Monday as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia's oil minister that Saudi production would stay near record levels in April. Saudi Arabia has put security forces on alert for a possible militant attack on a...

  • Groupon selling controlling stake in Ticket Monster Monday, 20 Apr 2015 | 9:20 AM ET

    CHICAGO— Online daily deal service Groupon is selling its controlling stake in Ticket Monster to a partnership formed by KKR and Anchor Equity Partners for $360 million. Groupon purchased Ticket Monster, a South Korean online ticket seller, in January 2014 from LivingSocial Inc. in a $260 million cash-and-stock transaction. As part of the deal with KKR and...

  • LONDON, April 20- Oil prices fell towards $62 a barrel on Monday on a strong dollar and as Saudi Arabian Oil Minister Ali al-Naimi said production would stay around 10 million barrels per day in April. Brent crude was trading down $1.20 at $62.25 by 1147 GMT, down from an intraday peak of $64.34. Production in the world's biggest crude exporter would stay near record...

  • LONDON, April 20- Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day in April. Brent crude was trading down 82 cents at $62.63 by 1120 GMT, down from an intraday peak of $64.34. Naimi earlier this month said...

  • LONDON, April 20- Oil prices eased from early highs to under $64 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day in April. Brent crude was trading up 23 cents at $63.70 by 0832 GMT, down from an intraday peak of $64.34.

  • SEOUL, April 20- South Korean oil refiners are taking more crude from Latin America and Europe and buying more spot volumes to put pressure on Middle Eastern suppliers to lower their official prices. And with South Korea expanding such trade deals, including one already signed with oil producer Colombia and one sought with Ecuador, the purchases from other...

  • Brent crude was trading at $63.73 per barrel at 0748 GMT, down from an intraday peak of $64.34, while U.S. crude for May delivery was at $56.14 a barrel, down from an earlier high of $56.65. Naimi earlier this month said Saudi Arabia produced 10.3 million bpd of crude in March, eclipsing a previous record of 10.2 million bpd, in what is seen as a move to defend market share...

  • SEOUL, South Korea— European stocks rose on Monday as investors shrugged off concerns about China's slowing economy that had battered Asian markets earlier in the day. Wall Street was set to open higher after strong earnings from Morgan Stanley. CHINA STIMULUS: China's central bank on Sunday cut the required reserve ratio for banks by 1 percentage point to...

  • China stocks boosted by central bank action Sunday, 19 Apr 2015 | 11:43 PM ET

    SEOUL, South Korea— Shanghai stocks rose Monday after China's central bank announced a boost for the slowing Chinese economy. CHINA STIMULUS: China's central bank on Sunday cut the required reserve ratio for banks by 1 percentage point to stimulate lending into a slowing economy. THE QUOTE: Cuts in China's reserve ratio were expected throughout 2015 but "the...

  • 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...

  • Does South Korea's economy need more stimulus?   Thursday, 16 Apr 2015 | 6:19 PM ET
    Does South Korea's economy need more stimulus?

    Choi Kyung Hwan, finance minister of South Korea, says the country's economy is starting to recover after last year's expansionary policies, noting the government will inject stimulus later this year if necessary.

  • 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...

  • North Korea nuke threat: What US, South Korea can do

    Christopher Hill, former U.S. ambassador to South Korea, discusses the threat of North Korea's nuclear missiles and explains what it means for the U.S. and South Korea.

  • 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.