North Korea
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Troy Stangarone, Senior Director, Congressional Affairs & Trade at the Korea Economic Institute reflects on North Korea's impact on trade and looks at South Korea's economic growth plans with the U.S.
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*Furloughs below previous Pentagon estimates. WASHINGTON, May 14- The Pentagon told its civilian workforce on Tuesday that it will put most of them on unpaid leave for one day a week starting in July, a deeply unpopular move that Defense Secretary Chuck Hagel blamed on sweeping budget cuts imposed by Congress.
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SEOUL, May 9- South Korea's central bank cut interest rates for the first time in seven months on Thursday, in a surprise move aimed at helping to maximise the government's stimulus efforts and ease pressure on exports from a strong won, especially against the yen.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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CHICAGO-- A Taiwanese businessman long suspected of ties to North Korea and his Illinois- based son have been charged in Chicago with seeking to bypass a U.S. ban on the export of weapons machinery to the hard-line communist nation, federal prosecutors announced Monday.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of a major North Korean bank which was sanctioned by the United States in March after Washington accused it of helping finance Pyongyang's banned nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of a major North Korean bank which was sanctioned by the United States in March after Washington accused it of helping finance Pyongyang's banned nuclear weapons programme.
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SEOUL, May 7- General Motors Co will not pull out of South Korea but will discuss labour woes with South Korea's President, its CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its local workforce.
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SEOUL, May 7- General Motors Co will not pull out of South Korea but will discuss labour woes with South Korea's President, its CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its local workforce.
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Troy Stangarone, Senior Director, Congressional Affairs & Trade at the Korea Economic Institute reflects on North Korea's impact on trade and looks at South Korea's economic growth plans with the U.S.
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SEOUL, May 7- Foreign holdings in South Korean bonds increased for the third consecutive month in April, the country's financial regulator said on Tuesday, driven by investment from central banks and state-backed funds amid speculation over a Korean central bank rate cut.
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Arvind Ramakrishnan, principal Asia analyst at Maplecroft, discusses the summit between the U.S. and South Korea and says no change of strategy against North Korea is likely to be induced.
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*Munger: Apple is very different than Berkshire. OMAHA, Neb., May 3- Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover, but high prices have now made attractive targets scarce, its vice chairman said on Friday.
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SEOUL/ WASHINGTON, May 2- North Korea sentenced an American citizen to 15 years of hard labor on Thursday for what it said were crimes against the state, prompting the United States to call for his immediate release to keep him from becoming a bargaining chip between the two countries.
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*Pentagon report is first version of annual assessment required by law. WASHINGTON, May 2- North Korea's continuing development of nuclear technology and long-range ballistic missiles will move it closer to its stated goal of being able to hit the United States with an atomic weapon, a new Pentagon report to Congress said on Thursday.
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WASHINGTON, May 2- The United States on Thursday lifted another set of sanctions against Myanmar to support reforms in the formerly army-ruled country, while retaining visa and investment bans against individuals accused of human rights abuses.
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SEOUL/ WASHINGTON, May 2- North Korea sentenced an American citizen to 15 years of hard labor on Thursday for crimes against the state, prompting a U.S. call for his amnesty in hopes of avoiding him becoming a bargaining chip between the two countries.
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*Washington says not looking to send envoy to Pyongyang. His sentencing comes after two months of saber-rattling that saw North Korea threaten the United States and South Korea with nuclear war. Pyongyang has previously tried to use American prisoners as bargaining chips in talks with Washington.
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SEOUL, May 2- North Korea sentenced U.S. citizen Kenneth Bae to 15 years hard labour on Thursday for what it said were crimes against the state, a move that will likely see him used as a bargaining chip in talks with Washington.