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  • SEOUL, Jan 29- Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant's smartphone business. The result put the firm's 2014 profit at 25 trillion won, down from a record 36.8 trillion won in 2013 and the lowest since 2011, as the world's top...

  • *China factory activity contracts for 2nd month. LONDON/ BEIJING, Jan 23- Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, vindicating the European Central Bank's decision to print money in a bid to revive inflation. Euro zone firms cut prices at the fastest rate in nearly five years and Chinese...

  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • SEOUL, Jan 22- Hyundai Motor Co announced its biggest-ever dividend on Thursday to appease shareholders angered by a $10 billion property buy, but the payout failed to distract investors from growth prospects clouded by declines in the rouble and yen. Earlier in the day, Hyundai missed analyst estimates by posting a 19 percent decline in October-December net...

  • *Bank of Korea wary over global market volatility. SEOUL, Jan 22- South Korea is closely watching rising volatility in financial markets sparked by rate cuts around the world, the central bank governor said, and pointed to the European Central Bank policy decision later in the global day as a key moment for investors. Bank of Korea Governor Lee Ju-yeol said...

  • *Sydney, London, Frankfurt among global yuan trading centers. DAVOS/ ZURICH, Jan 21- Switzerland's central bank said on Wednesday it had agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • *Sydney, London, Frankfurt among global yuan trading centers. ZURICH, Jan 21- Switzerland's central bank said on Wednesday it has agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • Samsung's Tizen makes poor first impression in India Tuesday, 20 Jan 2015 | 6:44 PM ET

    Samsung's Tizen smartphone got a frosty welcome in India, facing criticism of its low-resolution cameras and dearth of software applications.

  • MUMBAI, Jan 21- Samsung Electronics Co Ltd's first smartphone to run on its own operating system received a frosty welcome after its launch in India, with reviewers and consumers criticising its low-resolution cameras and dearth of software applications. But the initial reaction of analysts and consumers after its Jan. 14 launch suggests the Z1 will struggle...

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • SEOUL, Jan 19- Uber Technologies Inc said on Monday it will connect users to a licensed taxi company in the South Korean city of Incheon, in a bid to comply with local regulations that ban the controversial online ride-sharing service from using private cars. The move comes a month after the prosecutors in the capital Seoul indicted Uber CEO Travis Kalanick and...

  • *Books record net profit, revenue in 2014 on Apple strength. TAIPEI, Jan 15- Apple Inc chip supplier TSMC reported record net profit on Thursday and said the proliferation of low-priced, chip-hungry smartphones in China could see the company expand production in the world's biggest handset market. Taiwan Semiconductor Manufacturing Co Ltd, whose chips company...

  • TOKYO, Jan 15- Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales. Spreadbetters saw the upward momentum for risk assets being retained in Europe, forecasting Britain's FTSE to open up by as much as 0.5 percent and...

  • SEOUL, Jan 15- South Korea's central bank held monetary policy steady and sharply cut this year's economic growth and inflation forecasts, but its firm conviction in a sustained recovery torpedoed the prospects of an imminent cut in interest rates. Bank of Korea Governor Lee Ju-yeol spent much of a 1- hour news conference after the decision promoting a view...

  • TOKYO, Jan 15- Asian stocks pared earlier losses and edged up on Thursday after a significant rebound in oil prices brought a semblance of calm, but global growth worries remained after weak U.S. retail sales data compounded concerns over plunging copper prices. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent.

  • Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...

  • Bruce Klingner, Senior Research Fellow, Northeast Asia at The Heritage Foundation, says South Korean President Park Geun-hye is open to talks with North Korea due to growing political challenges.

  • DIARY- Top Economic Events to Jan 25 Monday, 12 Jan 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Goal-Based Monetary Policy Report" before the MNI Near Year New Challenges event- 2200 GMT. LONDON- UK Finance Minister George Osborne gives a speech to the Royal Economic Society, hosted by Bank of England- 1730 GMT. LONDON- Bank of England Governor Mark Carney speaks at the...

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.