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Asia Top News and Analysis Korea

  • LAUNCESTON, Australia, Feb 20- Coal markets could be forgiven for feeling slightly confused about the recent signals coming out of top importer China, with both bullish and bearish developments in evidence. China said on Feb. 18 that it will suspend all imports of coal from its nuclear-armed neighbour North Korea until Dec. 31, a move that, if implemented, would...

  • BEIJING, Feb 20- China's steel mills and traders were scrambling to find alternative supplies of coking coal for steel making on Monday after Beijing slapped a surprise ban on coal imports from its isolated northern neighbor. Chinese prices of steel, coking coal and coke all rallied, as traders and analysts said mills will likely be forced to buy more expensive...

  • LAUNCESTON, Australia, Feb 20- Coal markets could be forgiven for feeling slightly confused about the recent signals coming out of top importer China, with both bullish and bearish developments in evidence. China said on Feb. 18 that it will suspend all imports of coal from its nuclear-armed neighbour North Korea until Dec. 31, a move that, if implemented, would...

  • BEIJING, Feb 20- China's steel, coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country. "Rebar jumped on anticipation that the ban on North Korean anthracite could lead to higher costs for steel mills that will struggle to find cheaper...

  • BEIJING, Feb 20- China's coke and coking coal futures rose in early Monday trade after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against its northern neighbor. China stopped all imports of coal from North Korea from Sunday, the country's commerce ministry said in a notice posted on its website on...

  • BEIJING— China on Sunday began a suspension of all coal imports from North Korea for the rest of the year as it increases pressure on its communist neighbor to give up its nuclear and ballistic missile programs. The ban is in line with U.N. Security Council sanctions imposed in November in response to North Korea's fifth nuclear test two months earlier, the...

  • Lee Jae-Yong (C), vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of South Korea's President Park Geun-Hye, at the office of the independent counsel in Seoul on February 13, 2017.

    Lee was arrested for his alleged role in a corruption scandal that led to the impeachment of Korean president Park Geun-hye.

  • BEIJING, Feb 17- The common interests between China and the United States far outweigh their differences, China's Foreign Minister Wang Yi told U.S. President Donald Trump angered Beijing in December by talking to the president of Taiwan and saying the United States did not have to stick to the "one China" policy, under which Washington acknowledges the Chinese...

  • Secretary of State Rex Tillerson on Friday urged China to do all it could to moderate North Korea's destabilising behaviour after Sunday's ballistic missile test by Pyongyang, Tillerson's spokesman Mark Toner said. Tillerson made the comments during his first meeting with Chinese Foreign Minister Wang Yi on the sidelines of a G20 foreign ministers...

  • BONN, Germany, Feb 17- U.S. Secretary of State Rex Tillerson on Friday urged China to do all it could to moderate North Korea's destabilizing behavior after Sunday's ballistic missile test by Pyongyang, Tillerson's spokesman Mark Toner said. Tillerson made the comments during his first meeting with Chinese Foreign Minister Wang Yi on the sidelines of a G20...

  • SEOUL/ SINGAPORE, Feb 17- A shift in the use of liquefied petroleum gas to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits U.S. suppliers. South Korea mainly used LPG to power cars up to 2010, but sales started to spiral down as drivers of...

  • Prosecutors believe Lee Jae-yong, 48, a vice chairman at Samsung Electronics and the only son of the ailing Samsung chairman, gave bribes worth $36 million to President Park Geun-hye and her close friend to help win government support for a smooth company leadership transition, including a contentious merger of two Samsung companies. "What would affect its...

  • *Lee sought over bribery scandal involving President Park. SEOUL, Feb 17- Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The 48- year-old Lee, scion of the...

  • *Says Dubai crude supply tightened following OPEC output cuts. SEOUL, Feb 17- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday. "Dubai crude supply is tight in Asia after the OPEC cut deal, making other crude outside the region more economical," she said, adding that...

  • SEOUL, Feb 17- For Jay Y. Lee, the third-generation leader of South Korea's massive Samsung Group and scion of the country's wealthiest family, home is now a 6.56 square meter detention cell with a toilet in the corner behind a partition. He has no shower, only a wash-stand. Lee is being held in a single cell and will not be allowed contact with other inmates, said an...

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • *Hearings in President Park impeachment case to end Feb. 24. SEOUL, Feb 16- Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48- year-old Lee, wearing a dark coat and navy tie, kept his head...

  • SEOUL, South Korea— The billionaire heir to Samsung, South Korea's most successful and best known conglomerate, made his second attempt Thursday to block efforts by prosecutors to arrest him on bribery and other charges in connection with a corruption scandal that has engulfed the country's president. A court hearing on whether to issue an arrest warrant for...

  • KEEPING SCORE: European markets got off to a weak start with Britain's FTSE 100 down 0.4 percent to 7,272.37. Hong Kong's Hang Seng index gained 0.5 percent to 24,107.70 and Shanghai Composite Index rose 0.5 percent to 3,229.62. Stocks in Taiwan and Indonesia were lower but in Singapore and the Philippines they were higher.

  • SEOUL, Feb 16- A South Korean judge questioned Samsung Group leader Jay Y. Lee and another executive behind closed doors on Thursday to decide whether they should be arrested over their roles in a corruption scandal that has engulfed President Park Geun-hye. South Korea's special prosecutor's office has focused its investigations on Samsung Group's...