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  • 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, South Korea— The former Korean Air executive famous for an inflight tantrum over macadamia nuts pleaded not guilty Monday to violating aviation safety law and hindering a government investigation. Lawyers for Cho Hyun- ah did not dispute the major elements of the prosecutor's account of events on Dec. 5 when Cho's behavior resulted in a Korean Air jet...

  • 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...

  • 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...

  • DIARY- Top Economic Events to Jan 22 Thursday, 8 Jan 2015 | 7:01 PM ET

    MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota participates in a Public Town Hall Forum at the Federal Reserve Bank of Minneapolis- 0100 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker discusses the economic outlook at the joint Virginia Bankers Association and Virginia Chamber...

  • SEOUL, Jan 8- Samsung Electronics Co Ltd on Thursday said its fourth-quarter profit likely fell 37.4 percent, confirming expectations for its first year of profit decline since 2011 as it struggles to retain its crown as global smartphone leader. The South Korean tech giant lost market share for three consecutive quarters up to July-September, and analysts...

  • DIARY- Top Economic Events to Jan 21 Wednesday, 7 Jan 2015 | 7:01 PM ET

    LONDON- Bank of England announces interest rate decision- 1200 GMT. MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota participates in a Public Town Hall Forum at the Federal Reserve Bank of Minneapolis- 0100 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker discusses the economic outlook...

  • Jan 7- A group of 13 flight attendants say they were illegally fired by United Airlines after refusing to fly on a Hong Kong- bound plane last July that had a "threatening" message scrawled under its tail engine, according to a complaint filed with the U.S. Department of Labor. Chicago- based United, a unit of United Continental Holdings Inc, said it would fight the...

  • SEOUL, Jan 6- South Korea said on Tuesday that foot-and-mouth had spread to a cattle farm in the country for the first time in more than three years, a blow to authorities battling to contain an outbreak of the disease. South Korea's pork imports, mainly from the United States and Germany, rose 21 percent to 328,241 tonnes in the first 11 months of last year from the...

  • SEOUL, Jan 6- South Korea confirmed on Tuesday it had begun to impose a tariff of over 500 percent on rice imports from the start of the year, but added that five members of the World Trade Organization had raised concerns over the level. A joint statement by the country's finance, trade and agriculture ministries on Tuesday added that Seoul would hold bilateral...

  • HONOLULU, Jan 2- North Korea was hit with more U.S. sanctions on Friday in response to what Washington said was its role in a cyberattack on Sony Pictures Entertainment, the White House said on Friday. The sanctions named three entities, including the country's military intelligence agency, as well as 10 North Korean government officials, among them individuals...

  • UPDATE 10-Oil declines in thin, volatile trading Friday, 2 Jan 2015 | 3:23 PM ET

    NEW YORK, Jan 2- Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled. Brent was down 91 cents at $56.42 a barrel. Front-month U.S. crude for February delivery settled down 58 cents a barrel at $52.69, before a steep...

  • WASHINGTON, Jan 2- A senior Obama administration official on Friday said there were many possible explanations behind a recent Internet outage in North Korea, including the possibility that Pyongyang itself had orchestrated it.

  • WASHINGTON, Jan 2- New U.S. sanctions imposed against North Korea on Friday were not directly linked to the recent cyber attack on Sony Corp., senior administration officials in Washington said. The sanctions announced by President Barack Obama named three entities, including Pyongyang's military intelligence agency, and 10 individuals.