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  • BEIJING, Feb 24- China's coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country's sales abroad came into effect, while Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday. Chinese Foreign Ministry spokesman Geng Shuang said he had not seen the latest figures, but that...

  • *Two senior Samsung Group execs offer to resign- Yonhap. SEOUL, Feb 24- Tech giant Samsung Electronics is tightening board oversight on donations while two senior Samsung Group executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. The flagship of South Korea's top...

  • BEIJING, Feb 24- China's coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country's sales of the fuel abroad came into effect, as Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday. North Korea was China's biggest supplier last year of high-grade anthracite coal, used...

  • The flagship of South Korea's top conglomerate Samsung Group has been at the centre of an influence-peddling scandal that led South Korea's parliament to impeach President Park Geun-hye in December. Jay Y. Lee, third-generation leader of Samsung Group and Samsung Electronics' vice chairman, was arrested last week after being named a suspect by the South...

  • SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. South Korea has worried that its exports are at risk from U.S. President Donald Trump's threatened trade...

  • BEIJING/ SINGAPORE, Feb 23- Delays in corn shipments from the United States have offered China a chance to showcase its grain to major Asian buyers like Japan and South Korea, raising the prospect of a new player in global grain markets. One deal is close and talks have begun on two more, sources said, with China benefiting from its close proximity to big Asian...

  • *BOK keeps rates at 1.25 pct. SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. The Bank of Korea left its base rate at 1.25 percent, a record-low, with Governor...

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB on Wednesday said it fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, it said on Wednesday, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • ZURICH, Feb 22- Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million pre-tax charge. The Swiss company said the alleged theft was limited to South Korea, where it employs around 800 people and generated sales of $525 million...

  • ABB said it launched an investigation in cooperation with South Korean authorities and Interpol, the international police body. An official at Cheonan SeoBuk police station said Oh left South Korea for Hong Kong on Feb. 4 and is currently being sought by Interpol. Interpol did not comment, nor did it have the name "Oh" in the search database on its public red-notice...

  • KEEPING SCORE: European markets started higher with Britain's FTSE 100 up 0.3 percent at 7,297.41. Consumer goods giant Kraft Heinz fell after it withdrew a $143 billion offer for competitor Unilever, but other food and household goods makers rose as investors bet Kraft will make an offer for one of those companies instead. ANALYST'S TAKE: "U.S. equity investors...

  • SEOUL, Feb 22- South Korea's finance minister said on Wednesday he will seek a meeting with U.S. Finance Minister Yoo Il-ho said "face-to-face time" with Mnuchin will make it easier for the two to discuss "deeper issues," to reporters on the sidelines of an event in Seoul. The G20 meeting will take place in Baden-Baden, Germany on March 17 to 18.

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • 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...