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  • *Iran says OPEC meeting could help stabilise prices. It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global Oil Forum. Brent oil was trading down $1.20, or 2.6 percent, at $44.26 a barrel at 0750 GMT, after hitting an intraday low of $44.00, its weakest since March 2009.

  • China's economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices- combined with a thinly-traded market as many investors become more focused on tide charts than trading terminals- are prompting traders to overlook improving U.S. economic data, said Alan Gayle, portfolio manager at RidgeWorth...

  • *North Korea demands South halt broadcasts by 5 p.m. Saturday. SEOUL, Aug 21- North Korea put its troops on a war footing on Friday as South Korea rejected an ultimatum to stop propaganda broadcasts or face military action, prompting China to voice concern and urge both sides to step back. South Korean Vice Defence Minister Baek Seung- joo said his government...

  • UNITED NATIONS, Aug 21- United Nations Secretary-General Ban Ki- moon appealed on Friday for North Korea and South Korea not to take any action that could further escalate tensions after Seoul refused to halt propaganda broadcasts and Pyongyang put its troops on a war footing. The countries appeared headed toward another clash after South Korea rejected an...

  • SEOUL, Aug 21- North and South Korea appeared headed towards another clash on Friday as Seoul refused to halt propaganda broadcasts and Pyongyang put its troops on a war footing, prompting China to urge both sides to take a step back. South Korean Vice Defence Minister Baek Seung- joo said it was likely the North would fire at some of the 11 sites where Seoul has set up...

  • *North Korea demands South halt broadcasts by 5 p.m. on Saturday. SEOUL, Aug 21- North and South Korea appeared headed towards another clash, as Seoul refused an ultimatum that it halt anti- Pyongyang propaganda broadcasts by Saturday afternoon or face military action, and North Korea said its troops were on a war footing. Tension escalated on Thursday when North...

  • SEOUL/ HONG KONG, Aug 21- Private equity firms have formed three separate teams to bid for Tesco's South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia's biggest ever private equity deal. Asia- based Affinity Equity Partners has linked up with U.S. private equity firm KKR& Co, while Carlyle...

  • *Daily life goes on as normal in Pyongyang, Seoul. SEOUL, Aug 21- North Korean leader Kim Jong Un ordered his troops onto a war footing from 5 p.m on Friday after his government issued an ultimatum to Seoul to halt anti- Pyongyang propaganda broadcasts by Saturday afternoon or face military action. Tension escalated on Thursday when North Korea fired four shells...

  • *China factory activity sinks to 6-1/ 2- year low. China's vast factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, a private survey showed, pushing investors who fear China's sagging economy will translate into slower global growth to take refuge in gold and bonds. "Uncertainty about China growth is now the main swing factor in markets," said...

  • *China factory activity sinks to 6-1/ 2- year low. BEIJING, Aug 21- Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, hammering global stocks and commodity prices. "Uncertainty about China growth is now the main swing factor in markets,"...

  • The Supreme Court rejected the appeal by Han Myung- sook, who was sentenced to two years for taking about $758,850 in kickbacks from a businessman in a 2013 ruling by the Seoul High Court, according to court officials and Han's office. Han, 71, served as South Korea's first female prime minister in 2006 and 2007 under former liberal President Roh Moo-hyun, who...

  • DIARY- Emerging Markets Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:02 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. SEOUL, South Korea- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the "Macroeconomic Policy and Price Measurement Issues in a Low Inflation...

  • DIARY- Top Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank holds Executive Board Meeting- 1100 GMT. BERKELEY, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on "Pensions and...

  • Australia seeks to become the delicatessen of Asia Wednesday, 19 Aug 2015 | 5:00 PM ET

    *Native Australian produce demands top shelf prices in Asia. Finger limes are just one of a number of premium Australian agricultural products, including olive oil, honey, wagyu beef and organic baby food, now being sold in some of Asia's top stores as Australia pushes to become Asia's delicatessen. While Australia's main agricultural products like wheat, rice,...

  • South Korea awarded a $73 million contract earlier this month to the consortium led by China's state-owned Shanghai Salvage Co. to raise the ferry Sewol. The company was involved in raising a cruise ship that sank in China's Yangtze River in June, killing more than 400 people. A diver worked underwater on Wednesday to examine conditions at the site, South...

  • SEOUL, South Korea— Every evening, 14- year-old Kim Sung- jin orders fried chicken, delivery pizza or Chinese food to eat in a small room in his family's home south of Seoul. That's the show, and it makes Kim money: 2 million won in his most successful episode. But in South Korea, Afreeca TV has become a big player in the Internet subculture and a crucial part of social life...

  • DIARY- Top Economic Events to Sept. 1 Tuesday, 18 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank First Deputy Governor Kerstin af Jochnick will speak on Current Monetary Policy and the Economic Situation- 0700 GMT. BERKELEY, United States-...

  • Shanghai share index plunges more than 6 percent Tuesday, 18 Aug 2015 | 3:32 AM ET

    SEOUL, South Korea— Shanghai share index plunges more than 6 percent.

  • *Will no longer invest in Korea's Posco, Daewoo International. Construction firm IJM Corp Bhd and conglomerate Genting Bhd, both of Malaysia, and steelmaker POSCO and conglomerate Daewoo International Corp of South Korea, were removed from the fund. At the start of 2015, the Norwegian fund owned shares worth 1.49 billion Norwegian crowns in Posco, 67.5 million...

  • LONDON, Aug 14- You don't hear so much about the load-out queues in the London Metal Exchange's warehouse system these days. It's not that the queues to take delivery of aluminum from Detroit and Vlissingen have disappeared. As of the end of last month the waiting time at Detroit was still 328 days and that at the Dutch port 327 days.