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  • *Exports to EU, China fall; sales to U.S. rise. SEOUL, March 1- South Korean exports last month suffered their worst fall in two years on weaker sales to Europe and China, lower oil prices and long holidays, but the government said global demand showed some signs of recovery. Exports in February fell 3.4 percent from a year earlier to $41.46 billion, while imports...

  • BEIJING— Global stocks were lackluster Friday after Japan reported mixed economic data and investors waited for revised U.S. growth figures. KEEPING SCORE: In early trading, France's CAC-40 was little changed at 4,911.03 and Germany's DAX gained 0.05 percent to 11,332.45. Britain's FTSE 100 was steady at 6,949.04.

  • The box is actually a newborn incubator, or baby box, and it could be showing up soon at Indiana hospitals, fire stations, churches and selected nonprofits under legislation that would give mothers in crisis a way to surrender their children safely and anonymously. Indiana could be the first state to allow use of the baby boxes on a broad scale to prevent dangerous...

  • South Korea renews license of 2nd-oldest nuclear plant Thursday, 26 Feb 2015 | 8:04 PM ET

    The Nuclear Safety and Security Commission said that seven of nine commissioners voted to restart the Wolsong No. 1 reactor located in Gyeongju city, 275 kilometers south of Seoul. It was the first such decision in South Korea since safety concerns about nuclear energy and older plants were raised following the meltdowns at Japan's Fukushima Daiichi...

  • Japan has told North Korea that it is considering extending its unilateral sanctions against Pyongyang beyond April- Kyodo citing sources. Japan government is making arrangements to extend the sanctions on North Korea, possibly for two years- Kyodo. Japan's cabinet decision on sanctions on N.Korea could be made in April unless substantial progress is made...

  • JAPAN HAS TOLD NORTH KOREA THAT IT IS CONSIDERING EXTENDING ITS UNILATERAL SANCTIONS AGAINST PYONGYANG BEYOND APRIL- KYODO CITING SOURCES.

  • Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest all-time high. Benchmark U.S. crude oil fell $2.82 to close at $48.17 a barrel on the New York Mercantile Exchange. Among individual Dow members, Chevron lost $1.52, or 1.4 percent, to $107.06 while Exxon Mobil slid 95 cents, or 1.1 percent, to...

  • MELBOURNE, Feb 26- South Korea's state commodity buyer has paid a lower premium for aluminum in its latest tender, signaling a turning point for costs to obtain the metal in Asia as regional supply climbs. It comes just as quarterly talks between producers and consumers kick off in Japan, which typically set the benchmark for the region. South Korea's public...

  • Global stocks higher on Chinese, German data Thursday, 26 Feb 2015 | 3:19 AM ET

    SEOUL, South Korea— Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. KEEPING SCORE: Britain's FTSE 100 was nearly flat at 6,937.52 while Germany's DAX inched up 0.1 percent to 11,221.95. ASIA'S DAY: Japan's Nikkei 225 rose 1.1 percent to 18,785.79 while Hong Kong's Hang...

  • HONG KONG, Feb 26- China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West. While China is the world's largest consumer of the precious metal, having surpassed India, daily trading of...

  • U.S. lawmakers battle over currency in trade deals Wednesday, 25 Feb 2015 | 7:04 PM ET

    A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...

  • Uber makes uberX ride-sharing service free in Seoul Wednesday, 25 Feb 2015 | 5:09 AM ET

    SEOUL, Feb 25- U.S. taxi service provider Uber Technologies Inc on Wednesday said it will make its low-cost uberX ride-sharing service available free of charge in Seoul, in its second bid this month to operate legally in South Korea. In January, the city of Seoul declared Uber's services illegal and started offering rewards of up to 1 million won for people who...

  • VANCOUVER/ MELBOURNE, Feb 19- Miners who can't get financing for new projects from banks or traditional equity investors because metals prices have collapsed are turning to an alternative source: the engineering and construction companies, many from China and South Korea, who actually build their mines. China's NFC and South Korea's POSCO Engineering&...

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • SEOUL, Feb 17- Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends. While the South Korean company's profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple...

  • SEOUL, Feb 17- Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamour for bigger dividends. While the South Korean company's profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple...

  • SEOUL, Feb 12- The Seoul city government said on Thursday that it planned to launch a premium taxi service in August to rival online ride-service provider Uber, adding to the challenges to the U.S. company's expansion plans in Asia's fourth-biggest economy. Uber, a tech-industry darling worth at least $41 billion, is battling bans in South Korea, India, France and...

  • NEW YORK, Feb 11- Oil prices fell as much as 3 percent on Wednesday after U.S. stockpiles hit record highs, and analysts and traders said the market could shed more of the rebound seen over the past two weeks due to expectations of lower output. "It proves that the price retracement we had on the capital expenditure cuts and falling rig counts may have been premature,"...

  • UPDATE 10-Oil down as U.S. crude stocks continue surge Wednesday, 11 Feb 2015 | 1:25 PM ET

    "It proves that the price retracement we had on the capital expenditure cuts and falling rig counts may have been premature," said Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut. Benchmark Brent oil was down $1.60 at $54.83 a barrel by 1:12 p.m. EST, after setting a session low at $53.91. U.S. crude was down 95 cents at $49.07, having slid...