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  • 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...

  • Samsung Electronics Vice Chairman Lee Jae-yong walked into the Seoul Central District Court without speaking to the pack of reporters. They accuse him of giving bribes worth $36 million to President Park and her long-time friend in order to win government favors for a smooth company leadership transition. The approval would also help bring bribery charges...

  • TOKYO, Feb 15- Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said. Changing the rules of the chip auction, which sources have said has generated bids of 200- 400 billion yen, could push the sale beyond...

  • BEIJING, Feb 15- China rejected a shipment of coal from North Korea a day after the country testfired a ballistic missile in violation of international sanctions, South Korea's Yonhap News Agency reported on Wednesday. In September, the United Nations imposed new sanctions on North Korea, as part of an effort to deter Pyongyang from pursuing its nuclear weapons...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • SEOUL, Feb 15- South Korea's special prosecutor's office said on Wednesday it had expanded charges against Samsung Group chief Jay Y. Lee to include hiding the proceeds of a criminal act before it decided to seek a warrant for his arrest for a second time. South Korea's special prosecutor has focused on Samsung Group's relationship with Park, accusing Lee in his...

  • BEIJING— Most Asian stock markets rose Wednesday after U.S. benchmarks hit new highs and Federal Reserve chair Janet Yellen said the U.S. central bank could raise interest rates as soon as next month. KEEPING SCORE: Tokyo's Nikkei 225 index rose 1 percent to 19,437.98 and Hong Kong's Hang Seng jumped 1.1 percent to 24,961.29. General Motors jumped 4.8 percent...

  • SEOUL, Feb 15- South Korea's special prosecutor's office said on Wednesday it had expanded charges against Samsung Group chief Jay Y. Lee to include hiding the proceeds of a criminal act before it decided to seek a warrant for his arrest. A Seoul court said on Tuesday it would hold a hearing on Thursday to decide on the prosecution's request for warrants to arrest...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • *Extension for earnings, if approved, would be until March 14. TOKYO, Feb 14- After a day of delays and confusion, Japan's Toshiba Corp said on Tuesday it expected to book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss. "Finally now people are starting to recognize that internal...

  • Special prosecutors investigating the influence-peddling scandal that led to the impeachment of the country's president said Tuesday they have asked a court to issue an arrest warrant for Lee Jae-yong, the vice chairman of Samsung Electronics. They also are seeking an arrest warrant for Samsung Electronics president Park Sang- jin, who oversees the...

  • *Extension for earnings, if approved, would be until March 14. TOKYO, Feb 14- Japan's Toshiba Corp shocked investors on Tuesday with a last-minute delay to a long-awaited financial update, saying it needed more time to probe its Westinghouse nuclear business. Toshiba said it was seeking approval from regulators to delay its third-quarter earnings release to...

  • TOKYO, Feb 14- Toshiba Corp has unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuclear business, sending its shares sharply lower as investors fret over the conglomerate's future. Kyodo news agency, citing a financial source, said the delay was due to problems in Toshiba's discussions with...

  • TOKYO, Feb 14- Toshiba Corp will on Tuesday uncover the scale of a multi-billion dollar writedown from cost overruns at its U.S. nuclear arm, along with its recovery plans as the Japanese industrial conglomerate scrambles for cash. Toshiba may also sell an interest in British nuclear venture NuGeneration Ltd to Korea Electric Power Corp, the newspaper said.

  • SEOUL, Feb 14- Samsung Group chief Jay Y. Lee was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that threatens to topple President Park Geun-hye. Lee, who has denied allegations of bribery through Samsung Group spokespeople, had arrived at the office on Monday morning. Samsung Group...