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The South Korean won dropped to a fresh 7-month low against the dollar early on Friday as investors remained wary of more bellicose rhetoric from North Korea and with inter-Korean tension escalating.
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SEOUL, April 5- A senior South Korean official warned on Friday that the impact on markets from tension with North Korea could be prolonged and vowed to take swift and strong action to stabilise them if needed.
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SEOUL, April 5- Samsung Electronics Co Ltd estimated its January-March operating profit rose 53 percent to 8.7 trillion won as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season. Following are reactions from analysts and fund managers:. SONG MYUNG-SUB, ANALYST AT HI INVESTMENT& SECURITIES.
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Mehdi Hosseini, Senior Analyst and Senior VP of Semiconductors at Susquehanna Financial Group discusses the outlook for Samsung Electronics after the tech giant topped forecasts for Q1 net profit.
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The Galaxy S and Note series have fuelled Samsung's record-breaking earnings growth and made it the No.2 player in the global premium smartphone segment after Apple Inc. But as the high-end market swarms with new offerings, Samsung is turning to less affluent customers in emerging markets, offering cheaper models such as the Rex and Galaxy Pop, analysts said.
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SEOUL, April 5- Samsung Electronics Co Ltd estimated its January-March operating profit rose 53 percent to 8.7 trillion won as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season.
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SEOUL, April 5- A senior South Korean official warned on Friday that the impact on markets from tension with North Korea could be prolonged and vowed to take swift and strong action to stabilise them if needed.
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ARLINGTON, Va.-- Language software company Rosetta Stone Inc. said Thursday that it will close its last 56 U.S. kiosk locations as it shifts to a fully online business model. It will cut around 245 jobs as part of the move. On Tuesday it bought online language-learning company Livemocha for $8.5 million.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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PARIS, April 4- Shipments of liquefied natural gas to Japan soared last year as the country burned more gas to compensate for the closure of its nuclear plants, the LNG importers' association said.
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The South Korean stock exchange, the Kospi, has only fallen about 3 percent in the last month despite the threats from North Korea, reports CNBC's Seema Mody.
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WASHINGTON, April 4- The president of the U.S. Export-Import Bank on Thursday defended his agency in face of attacks by conservative Republicans who want to close it and a new complaint by Delta Air Lines Inc that the bank's support for Boeing gives foreign airlines an unfair advantage.
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LONDON, April 4- Gold was down slightly on Thursday after rallying from a 10- month low earlier in the day to above $1,550 an ounce when the European Central Bank commented on the weak economy and said it stood ready to cut rates, hitting the euro. "Gold is desperately trying to bounce, but it's failing quite miserably.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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WASHINGTON-- North Korea has already begun construction at a shuttered plutonium reactor that it is vowing to restart and it could be back in operation sooner than expected, a U.S. research institute said Wednesday.
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Byron Wien, Blackstone Advisory Partners; and John Park, Harvard and MIT North Korea specialist, discuss U.S. reaction to North Korean threats; and the relationship between China and North Korea amid growing tensions in the area.
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Daniel Akerson, Chairman & CEO of General Motors, discusses how central banks and Japan's aggressive monetary policy will impact his company, with CNBC's Phil LeBeau.
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Daniel Akerson, Chairman & CEO of General Motors, discusses the automaker's plans to grow sales, and how threats in Korea are impacting his company, with CNBC's Phil LeBeau.
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LONDON, April 4- Gold hit a 10- month trough below $1,540 an ounce on Thursday, matching a similar drop in other commodities like copper, as the dollar strengthened and investment fell ahead of a European Central Bank meeting.
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There's new evidence North Korea may already be pointing missiles at South Korea. CNBC's Eunice Yoon reports the latest details on the growing tensions in the area.
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SINGAPORE, April 4- Unable to decide if Pyongyang's military threats are real or mere rhetoric, some fund managers and other investors exposed to South Korean stocks and bonds are buying financial protection in the form of cheap options and credit insurance.