South Korea
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James Rooney, Chairman & CEO of Market Force says South Korea President Park Geun-hye is pushing South Korea in the right direction with new policies focused on job creation. Richard Martin, Managing Director at IMA Asia joins in the conversation.
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*MSCI Asia ex- Japan up 0.4 pct, Nikkei opens up 1.8 pct. TOKYO, June 14- Asian shares recovered from multi-month lows on Friday, as a rebound in U.S. equities on the back of upbeat economic data calmed nerves after a bruising selloff in global markets, but investors remained cautious ahead of next week's Federal Reserve policy meeting.
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WASHINGTON, June 13- The U.S. Agriculture Department, reeling from the discovery of unapproved genetically modified wheat growing in Oregon, said on Thursday it is working to make "appropriate and validated" tests available to detect the wheat.
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*BMW unit in tax probe, others raided over pricing- media. SEOUL, June 14- Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by Hyundai Motor and affiliate Kia Motors. "Korea is a highly protected market.
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Central banks from India to Turkey have acted this week to stem currency losses, and on Thursday the Indonesian rupiah was boosted by a surprise central bank rate hike. Markets have been shaken by doubts over the next moves of major central banks such as in Japan and the United States.
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Its intended guest, North Korea, has stopped answering the phone. North Korea is interested in reviving the two economic projects that were to be the main focus of the meetings, both as an emblem of reconciliation and as a source of foreign investment and hard cash.
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GENEVA- The death toll in Syria reached at least 93,000 at the end of April, but the true number from the violence now in its third year may be much higher, the United Nations human rights office said on Thursday.
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Central banks from India to Turkey have acted this week to stem currency losses and on Thursday the Indonesian rupiah was buoyed by a surprise central bank rate rise. Markets are being rattled by uncertainty over the next moves of central banks in Japan and well as the United States.
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*Apple considering iPhones with 4.7- inch, 5.7- inch screens- sources. *Apple has floated cheaper model price of $99- source. June 13- Apple Inc is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter, as it takes a cue from rival Samsung Electronics.
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Apple is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter.
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*Apple considering iPhones with 4.7- inch, 5.7- inch screens- sources. *Apple has floated cheaper model price of $99- source. June 13- Apple Inc is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter, as it takes a cue from rival Samsung Electronics.
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*MSCI Asia ex- Japan tumbles 1.9 pct to new 2013 lows.
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*MSCI Asia ex- Japan tumbles 1.9 pct to new 2013 lows. TOKYO, June 13- Japanese stocks stumbled into bear market territory and Asian shares hit new 2013 lows on Thursday as the prospect of reduced stimulus from central banks spooked sentiment.
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SEOUL, June 13- The Bank of Korea held interest rates steady on Thursday, possibly matching the analysts' consensus view that the cut in May was the last one for the year because South Korea is on a track to recovery. The Bank of Korea's monetary policy committee left its base rate unchanged at 2.50 percent, a media official said without elaborating.
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SEOUL, June 13- The Bank of Korea held interest rates steady on Thursday, possibly matching analysts' consensus view that the cut in May was the last one for the year because South Korea's economy is recovering. The Bank of Korea's monetary policy committee left its base rate unchanged at 2.50 percent, a media official said without elaborating.
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SEOUL, June 13- The Bank of Korea held interest rates steady on Thursday, possibly matching the analysts' consensus view that the cut in May was the last one for the year because South Korea's economy is recovering. The Bank of Korea's monetary policy committee left its base rate unchanged at 2.50 percent, a media official said without elaborating.
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HONG KONG, June 13- Hong Kong shares could open weaker on Thursday, tracking Wall Street's losses amid worries that the Federal Reserve may soon begin to taper back its stimulus program. *Hopewell Hong Kong Properties Ltd, a unit of Hopewell Holdings, said it had decided not to proceed with its global offering as scheduled due to volatile market conditions.
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LONDON, June 12- If currency turbulence in emerging markets escalates into full-scale investor flight, the U.S. Given all the obvious influences on Fed policy- domestic inflation, jobless youths, long-term unemployment, stuttering credit creation or banking stability- gyrations on markets from Turkey to South Africa or South Korea may seem tangential.
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*Major capital flight would expose Asia's limited policy options. SINGAPORE, June 12- Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than in the past to raise interest rates if tensions escalate.
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SEOUL, June 12- Samsung Heavy Industries Co Ltd said on Wednesday it had won a 1.46 trillion won order to build two large-scale jack-up rigs for Norway's Statoil ASA. The South Korean shipbuilder said in a statement the rigs were expected to be put to use in the North Sea off the coast of Norway. The contract is expected to be completed in October 2016.
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WASHINGTON, June 11- The largest U.S. titanium producer on Tuesday asked that the light-weight metal used in military aircraft and other defense equipment be excluded from free trade talks with Japan, arguing a healthy domestic industry was vital for national security.
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