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  • 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...

  • 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.

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • Will MERS insurance save South Korea's tourism? Friday, 19 Jun 2015 | 12:24 AM ET
    Will MERS insurance save South Korea's tourism?

    David Beirman, senior lecturer, School of Leisure, Sport and Tourism at University of Technology, discusses news that South Korea is offering tourists with a free insurance plan amid the country's MERS outbreak.

  • Will Elliott succeed in blocking Samsung merger? Thursday, 18 Jun 2015 | 8:23 PM ET
    Will Elliott succeed in blocking Samsung merger?

    Mark Newman, senior analyst at Sanford C. Bernstein, discusses U.S. activist hedge fund Elliott's campaign to block a proposed merger between two subsidiaries of Samsung Group.

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures. Market intelligence firm Genscape reported a draw of about 870,000 barrels at the Cushing, Oklahoma delivery point for crude in the...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • SEOUL, June 18- Oil prices gained on Thursday, supported by a weakening U.S. dollar, continuing Middle East geopolitical tensions and hopes of progress in talks between Greece and its international creditors. July crude gained 1 cent to $59.93 a barrel as of 0749 GMT after falling 5 cents in the previous session. Brent August crude gained 35 cents to $64.22 a barrel...

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...

  • Is US safe from MERS outbreak? Tuesday, 16 Jun 2015 | 1:25 PM ET
    Is US safe from MERS outbreak?

    Tevi Troy, former Health and Human Services deputy secretary, discusses how serious a threat is the Middle East Respiratory Syndrome to the United States.

  • South Korea's MERS outbreak "large and complex:" WHO Saturday, 13 Jun 2015 | 12:52 AM ET
    A hospital worker wears a mask as a precaution against the MERS virus at Seoul National University Hospital in Seoul, South Korea, Friday, June 12, 2015.

    South Korea's MERS outbreak is "large and complex" and more cases should be expected, but there's no sign it's spreading in the community, WHO said.

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • SINGAPORE, June 12- South Korea's GS Caltex Corp is set to receive a shipment of 2 million barrels of West African crude, dwarfing the country's usual purchases from the region as it looks to diversify supply away from the Middle East. South Korea's second-biggest refiner is due to receive a total of 2 million barrels of crude from Angola and the Republic of Congo...

  • Fed would err on the side of caution: Expert Thursday, 11 Jun 2015 | 11:17 PM ET
    Fed would err on the side of caution: Expert

    Sani Hamid, director, Wealth Management, Economy & Market Strategy at Financial Alliance, says the Fed is likely to raise rates at the end of 2015 as it weighs global risks such as South Korea's MERS outbreak.