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  • Betsy Garvin's three dogs were rescued from Thailand, where they had been caged their entire lives and where many dogs roam the streets or are raised as food for other Asian countries. LIFE Animal Rescue in the California city has placed 50 Thai dogs in the last two years, including Garvin's, said founder Emily Bernie. In March, Humane Society International and the...

  • PYONGYANG, North Korea— North Korea is racing to boost its electricity supply by up to 50 percent with the completion of several generating stations by the end of the year and is pushing alternative resources like solar— already used extensively in the countryside— to ease its chronic shortages, a government expert told The Associated Press in Pyongyang.

  • Softbank invests $1B in SKorean e-commerce firm Coupang Wednesday, 3 Jun 2015 | 3:40 AM ET

    SEOUL, South Korea— Coupang, a South Korean online shopping site, has secured a $1 billion investment from Japanese Internet company Softbank Corp.. Overseas investors are seeking ways to tap South Korea's fast growth in smartphone users, new mobile services and the population's willingness to spend money via mobile and Web services. Coupang received a $100...

  • Diesel founder Renzo Rosso, chairman and main shareholder of Maison Margiela's parent OTB group, said sales were already up 20 percent at the fashion house even though only a few of Galliano's pieces had so far reached the shelves. Galliano, widely hailed as one of the most talented designers of his generation, fell from grace in 2011 after a video went viral of him...

  • *Hyundai too reliant on sedans amid boom for SUVs. SEOUL, June 2- Hyundai Motor Co shares slid 10 percent to their lowest levels in nearly five years on Tuesday, after sharp declines in shipments underscored a heavy reliance on sedans that have failed to woo customers despite aggressive sales promotions. The dismal performance underscores how Hyundai has lost...

  • LONDON/ SYDNEY, June 1- Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth. The gloomy business surveys come a little less than three months after the European Central Bank embarked on a 1 trillion-euro stimulus program and...

  • South Korea, China sign free trade deal Monday, 1 Jun 2015 | 2:03 AM ET

    SEOUL, South Korea— South Korea and China signed a free trade deal Monday that will remove tariffs on more than 90 percent of goods over two decades. The agreement will give South Korea's small- and medium-sized companies wider access to the Chinese market while boosting China's investment in South Korea, the ministry said. It was the first time for China to...

  • June 1- China's manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. The focus now shifts to the United States and parts of Europe, where hopes are pinned on...

  • *Top three markets cut purchases from South Korea. SEOUL, June 1- South Korean exports in May suffered their worst annual fall in nearly six years partly hurt by a persistent slowdown in China, its biggest export market, heightening pressure on policy makers to cut interest rates again. "As external weakness filters through the domestic economy, downside risks to...

  • SEOUL, June 1- South Korean exports in May suffered their worst annual fall in nearly six years on a combination of slowing growth in China, weaker oil prices and fewer working days, backing market expectations for a further interest rate cut soon. "There are several one-off factors but the weak export figures and the persisting weakness in other recent...

  • China import tax cuts no remedy for retail slowdown Sunday, 31 May 2015 | 7:30 PM ET

    SHANGHAI, June 1- China's economic policymakers clearly didn't consult mother-of-one Chen Xuejun when they decided to try stimulating consumer demand by slashing import tariffs on sneakers to skincare. Private consumption now accounts for over half of China's GDP growth, but lags far behind levels in markets like the United States. High Street prices of...

  • Industrial hub Ulsan a warning for cooling South Korea Thursday, 28 May 2015 | 5:00 PM ET

    ULSAN, South Korea, May 29- The port of Ulsan was the cradle of South Korea's breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor and oil refiner SK Innovation risks becoming the country's rust belt. The world's largest shipbuilder, Hyundai Heavy Industries Co, suffered an operating loss last year of about $3...

  • *South Korea and Saudi Arabia have long-established business ties. SEOUL/ KHOBAR, Saudi Arabia, May 29- Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector- setting it on course to compete with some Asian countries that are big oil buyers.

  • SYDNEY, May 28- Australian iron ore magnate Gina Rinehart's eldest daughter won control of the $3 billion dollar family trust on Thursday in a judgment critical of Rinehart's former control of the fund and attempts to block the long-running legal dispute. South Korea's POSCO, Japan's Marubeni Corp and Taiwan's China Steel Corp also have stakes in the mine,...

  • MANILA, May 28- Philippine economic growth unexpectedly slowed to a six-year low in the first quarter, but the central bank said it would not ease policy as consumer and public spending were set to pick up. Still, economists doubted Manila's 7-8 percent growth target for the full year could be met without additional interest rate cuts or a sharp increase in fiscal...

  • *Former Fed chief Bernanke says China slowdown necessary. SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasised that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy. Bernanke, who participated in an...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said on Wednesday there were no signs of extreme movements in the U.S. real estate and financial markets, but criticised the U.S. Congress for failing to approve the IMF reform measures. Bernanke also said during an open interview at a private-sector forum in Seoul that if the Fed lifts interest rates, it...

  • Analysts say the transaction will give Samsung heir Lee Jae-yong a big say in the conglomerate including its crown jewel Samsung Electronics Co.. "If Lee Jae-yong controls C&T, he can secure control over Samsung Electronics." Lee, his father Lee Kun- hee and other family members have a small direct stake in Samsung Electronics but have been able to exert influence...

  • Samsung says its defacto holding company Cheil Industries Inc. will acquire Samsung C&T Corp. by offering 0.35 new Cheil shares for every Samsung C&T share. Analysts say the move will give Samsung heir Lee Jae-yong greater control over the conglomerate including its crown jewel Samsung Electronics Co.. The combined entity will be named Samsung C&T.