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  • TOKYO, Oct 29- Asian shares climbed to one-month highs on Wednesday, steered by a robust Wall Street on optimism over corporate earnings and prospects the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.1 percent, led by a 1.8 percent rise in South Korean shares. European shares are expected to follow suit, with spreadbetters looking to...

  • WASHINGTON, Oct 28- The U.S. unit of BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company's initial work on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks about the second phase of the project. "We remain concerned about the lack of progress in the negotiations between the Republic of Korea and the U.S. Air Force on...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • Samsung merger doesn't make sense: Nomura     Monday, 27 Oct 2014 | 6:35 PM ET

    Michael Na, Korea Strategist at Nomura, discusses Samsung Heavy's merger with Samsung Engineering and explains why the move faces resistance from South Korea's National Pension Service.

  • SEOUL, Oct 27- South Korean households are piling on debt at the fastest rate in eight years thanks to big-bang stimulus launched by the new finance minister- but as global growth cools the government risks scoring an economic own goal and inflaming deflationary pressures. That would be particularly ironic as Finance Minister Choi Kyung- hwan has repeatedly...

  • Oil's slide a blow, not a boon to Asian refiners Sunday, 26 Oct 2014 | 5:00 PM ET

    *Asian refiners bought crude through year-end at over $90. SEOUL/ SINGAPORE, Oct 27- A 25 percent slide in crude prices since June should mean a windfall for Asian refiners, but instead they are facing a major drag on profits. "As unexpected, they are causing earnings shocks," said Andrew Yoon, a senior analyst at Daishin Securities, noting the knock-on impact that cuts...

  • SHANGHAI, Oct 24- Australia, Indonesia and South Korea skipped the launch of a China- backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian Development Bank,...

  • SHANGHAI, Oct 24- Australia, Indonesia and South Korea skipped the launch of a China- backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's proposed $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian...

  • SEOUL, Oct 24- South Korea's economic growth quickened in the third quarter as government and consumer spending rebounded, but exports were knocked by cooling global growth, a sign that more monetary easing may be required to sustain a fragile recovery. Underscoring the tenuous economic momentum, the Bank of Korea said a large part of the consumption uptick was...

  • DIARY - Emerging Markets Economic Events to Nov 4 Thursday, 23 Oct 2014 | 8:02 PM ET

    Oct 24- For other related diaries, please. COLOMBO- Sri Lankan President and Finance Minister Mahinda Rajapaksa presents 2015 budget in the parliament. SEOUL- South Korea's Central Bank Governor Lee Ju- yeol and Finance Minister Choi Kyung- hwan will appear before lawmakers.

  • SEOUL, Oct 24- South Korea's economic growth quickened in the third quarter led by private consumption and construction spending, but quarterly exports declined for the first time in a year in a sign of cooling global growth that should keep the door open for more monetary easing. The economy grew a seasonally adjusted 0.9 percent in the July-September quarter...

  • *Hyundai considers sharply raising dividend, weighs interim div. SEOUL, Oct 23- Hyundai Motor is considering paying its first ever interim dividend next year, its president said on Thursday, in an apparent bid to appease investors angered by its involvement in a $10 billion purchase of a trophy property in Seoul. The possibility of a larger payout, which President...

  • SEOUL, Oct 23- Hyundai Motor is considering raising its dividend sharply and introducing an interim dividend, President Lee Won- hee said on Thursday, in an apparent bid to appease investors angered by its recent $10 billion deal to buy a Seoul property. Last month, a consortium led by Hyundai Motor bid $10 billion for a plot of land in Seoul's high-end Gangnam...

  • SEOUL, Oct 23- South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency. The stock has lost 32 percent of its value so far this year, making it the worst performer among major global automakers, hit by last month's $10 billion...

  • Hyundai Motor Q3 profit down 29 pct, misses forecasts Thursday, 23 Oct 2014 | 1:08 AM ET

    SEOUL, Oct 23- Hyundai Motor Co posted a 29 percent year-on-year fall in its quarterly net profit, missing analysts' estimates, hit by a strong local currency and slowing sales growth in its key U.S. and South Korean markets. Hyundai Motor, which along with its affiliate Kia Motors is the world's fifth-biggest automaker, on Thursday reported a 1.52 trillion Korean...

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • Hyundai's revamped Sonata yet to rev up key U.S. market Wednesday, 22 Oct 2014 | 5:14 AM ET

    Hyundai is expected to post a 9 percent fall in its third-quarter net profit when it releases its quarterly earnings on Thursday. In contrast, the Sonata's predecessor helped Hyundai expand its U.S. market share after it was launched there in 2010.. But consumers are very much driven by what the vehicle looks like, "said Scott Fink, chief executive of Hyundai of New...

  • SEOUL/ WASHINGTON, Oct 21- South Korea said it could cancel a planned $1 billion- plus deal for BAE Systems Plc to upgrade its F-16 fighter jets and seek a new different contractor if talks with the British company do not proceed smoothly. While BAE has been on cost and schedule with an initial $140 million development contract for the upgrades of the 134 jets, the U.S....

  • SEOUL, Oct 20- For a country trying to avoid the menace of deflation, South Korea is receiving timely help from unusual quarters- the country's landlord and their tenants. Nomura estimates that there was some $400 billion tied up in jeonse deposits in 2012, equal to one-third of South Korea's annual economic output. "The sharp drop in interest rates is the most...

  • SEOUL, Oct 15- South Korea's central bank slashed its policy interest rate for the second time in three months on Wednesday to match its record low and gave no clear signal that its easing cycle had ended- keeping the door open for another cut. Bond prices rose modestly as Wednesday's decision had been widely expected, with the anticipated tightening in U.S....