South Korea
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Khiem Do, Head of Asian Multi-Asset, Baring Asset Management, Hong Kong explains why marginal money will chase the North Asian markets. He adds that Taiwan and South Korea will be the exception to this trend this year.
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Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
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SEOUL, Feb 1- Following are South Korea's preliminary export and import figures for January, released by the Ministry of Knowledge Economy on Friday:. JAN* DEC Balance 0.9 1.9 Exports 46.1 45.0 +11.8 -5.7 Imports 45.2 43.1 +3.9 -5.2* Revised figures released on Jan. 14, 2013.
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SEOUL, Feb 1- South Korea's manufacturing sector activity marginally shrank in January after a small rise in December but new export orders received grew for the first time in eight months, a private survey showed on Friday.
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WASHINGTON, Jan 31- As U.S. budget pressures mount, the U.S. Marine Corps says growing foreign demand could help drive down the unit cost of its new upgraded H-1 utility and attack helicopters built by Bell Helicopter, a unit of Textron Inc..
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SINGAPORE/ TOKYO, Feb 1- Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil. From Asia, Iran lost $14 billion worth of oil exports for the year, according to Reuters calculations.
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WASHINGTON, Jan 31- The United States would violate global trade rules and damage its credibility if it decides to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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ST. PAUL, Minn.-- Minnesota Gov. Mark Dayton is planning a trade mission to Germany, Sweden and Norway in June.
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*Sees 2013 adjusted EPS $5.32- $5.46, revs $12.8- $13.0 bln. His belief was bolstered by a conversation on Wednesday with Francis Collins, the head of the National Institutes of Health, and by meetings with Republican members of Congress last week.
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WASHINGTON, Jan 31- A U.S. government decision to subsidize steel, chemical and other manufacturers by restricting exports of liquefied natural gas would violate global trade rules and damage U.S. credibility after years of pressing other countries like China to drop restrictions on natural resource exports, experts said.
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LONDON, Jan 31- North Sea Forties oil exports to South Korea, a specialised trade that has supported crude prices, may drop in coming weeks due to maintenance at refineries, potentially weakening a source of support for Brent oil prices.
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*Diageo seeks to repeat success of Ciroc vodka for tequila. ZURICH, Jan 31- Diageo, the world's biggest spirits group, signalled a more reticent acquisition strategy following a recent buying spree, saying it wants to develop its own tequila brand after ending talks to buy a stake in Jose Cuervo.
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ZURICH, Jan 31- Diageo, the world's biggest spirits group, reported steady sales growth in the second half of 2012, driven by price rises and the growth in the United States of premium brands like Ketel One vodka and Bulleit Bourbon.
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*Nine-month profit 21.9 bln yen vs loss of 37.3 bln yen a yr ago. TOKYO, Jan 31- JFE Holdings Inc, the world's fifth-biggest steelmaker, kept its forecast for full-year net income of 35 billion yen even as it swung to a profit for the first nine months, underscoring concerns over the global economy.
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*Citi is in 100 countries, with consumer banking in 40. NEW YORK, Jan 31- Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter.
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*S.Korea must cut further to offset Samsung Total deal with Iran- State Dept official. SINGAPORE, Feb 1- The United States will target companies that help disguise Iranian oil shipments to skirt Western sanctions, a State Department official said, as Washington steps up the pressure on Tehran to abandon its nuclear programme.
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*China's top luxury watch distributor Hengdeli Holdings Ltd said there had been no material change in its operations and its business continued to operate in a stable manner.
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South Korea warned on Wednesday it might consider a tax on financial transactions and Thailand said it was worried its strong currency would hurt exporters as moves by advanced economies to flood markets with easy money increasingly spill over into other countries.
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The Caribbean, Mediterranean and Europe remain the top cruise destinations, with Americans and Canadians making up the bulk of passengers, but the industry is rapidly going global with Australia and Asia the big growth area.
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SEOUL/ BANGKOK, Jan 30- South Korea warned on Wednesday it might consider a tax on financial transactions and Thailand said it was worried its strong currency would hurt exporters as moves by advanced economies to flood markets with easy money increasingly spill over into other countries.
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SEOUL, Jan 30- South Korea warned speculative investors against betting on the won rising fast and said on Wednesday it would consider new measures similar to the Tobin Tax, or a levy on financial transactions, if needed in future.