Ronald Man, Asia Pacific Economist at HSBC, says the Bank of Korea's rate cut on Thursday, along with the government's stimulus measures, will fuel growth in the South Korean economy.» Read More
*Flows of Russian wealth to Singapore rising. *Banks in Singapore are clamping down on who they let in. New sanctions imposed by Washington and Europe over the Ukraine crisis have prompted firms such as VTB- Russia's second-largest bank by assets- and Gazprombank to look east for new sources of funding.
BERLIN, July 30- Germany and the European Union are trying to convince several non-EU countries to join the bloc and United States in imposing sanctions against Russia for its support of separatist rebels in eastern Ukraine, the Foreign Ministry said on Wednesday.
With lowered guidance, Samsung should focus on how to dominate lower cost smartphones from Chinese companies and maintain its large market share.
*South Korea, Japan refiners to take first two U.S. cargoes. *Iran condensate exports to China made at deep discounts. While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.
DUESSELDORF, Germany, July 25- Uber, whose smartphone app summons rides at the touch of a button, won a new lease of life in the German city of Hamburg on Friday when a court suspended a ban imposed by local regulators.
Wee Teck Loo, Head of Consumer Electronics at Euromonitor International, explains why South Korean firms like Samsung are ahead of their Japanese rivals.
BEIJING, July 24- The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Apple Inc's latest quarterly results showed sales of its high-end phones in China grew at nearly twice the pace analysts had expected.
SEOUL, July 24- South Korea offered billions of dollars in stimulus spending and property market-boosting steps on Thursday to shore up demand after reporting its weakest economic growth in more than a year.
*Tech stocks boosted by Apple, Facebook hit record high. The HSBC flash PMI for China came in at 52.0 for July, well above forecasts of a small rise to 51 in July and the highest reading in 18 months. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, and Australia notched another six-year peak.
*Tech stocks boosted by Apple, Facebook hits record high. The news injected some life into what had been a very sluggish session, and helped China's CSI300 index of leading Shanghai and Shenzhen A-share jump 1.1 percent. Japan's Nikkei added 0.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.
SEJONG, South Korea, July 24- South Korea unveiled stimulus measures on Thursday to prop up slowing economic growth, including plans to boost public spending by some $11 billion and ease mortgage borrowing rules.
*Tech stocks boosted by Apple, Facebook hits record high. SYDNEY, July 24- Asian stocks inched higher on Thursday, encouraged by upbeat corporate results and a record close on Wall Street, while unrest in the Middle East and Ukraine underpinned demand for high-rated bonds. MSCI's broadest index of Asia-Pacific shares outside Japan was up a slim 0.09 percent.
HAMBURG/ FRANKFURT, July 23- Hamburg has told Uber, a U.S. car service whose smartphone app summons rides at the touch of a button, to stop operating in the German city, adding to resistance the company has faced globally from local regulators and taxi drivers.
This fragmentation is mirrored in the first-half import picture from China, the world's largest user of industrial metals and raw materials. A couple of years ago it was customary to view China's metals trade as a proxy for the health, or otherwise, of the country's manufacturing economy.
In a bid to boost work efficiency, the Seoul Metropolitan Government is allowing employees to take after-lunch naps starting from August. CNBC's Asia Squawk Box team discuss.
The government of Seoul, South Korea said Monday it would seek to ban ride-sharing app Uber, according to a report in The Wall Street Journal.
*Qantas, British Airways among airlines to avoid Ukraine. SYDNEY, July 18- Qantas Airways and several other airlines altered their flight paths some time ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
*Qantas, Air Berlin among airlines to shift route ahead of crash. SYDNEY, July 18- Airlines including Qantas Airways and Air Berlin altered their flight paths months ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
SEOUL, July 18- South Korea will scrap caps on rice imports from 2015, potentially opening up the politically sensitive market to more imports from countries such as the United States and China, in a move that has been fiercely resisted by many farmers. Seoul said steep tariffs would be used to protect its farmers.
*South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.