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  • Paramount's latest outing with the Starship Enterprise soared to $59.6 million in domestic ticket sales, according to studio estimates Sunday, knocking Universal's "The Secret Life of Pets" from the No. 1 spot. "Pets" fell to second place, adding an additional $29.3 million to its stellar $260 million earnings over the past three weeks. This latest film opened $20...

  • SEOUL, South Korea— South Korea's central bank said North Korea's economy shrank 1.1 percent last year, in its first contraction in five years. Since Kim Jong Un took power following the death of his father in late 2011, North Korea's economy has averaged about 1 percent growth annually. The South Korean central bank estimates North Korea's economic growth...

  • SEOUL/ HONG KONG, July 22- Tech giant Samsung Electronics Co Ltd said on Friday it sued Huawei Technologies Co Ltd for patent infringements through multiple courts in China, escalating a legal conflict between the smartphone rivals. The South Korean firm sued Huawei in a Beijing court about two weeks ago for allegedly infringing six of its patents, a spokeswoman...

  • SEOUL, South Korea— Samsung Electronics Co. sued Chinese smartphone maker Huawei for allegedly violating six of its patents in the latest move in a series of deepening patent disputes between Asian smartphone giants. South Korea's Yonhap News said Samsung sued Huawei in Beijing for infringing on patents for smartphones worth 80.05 million yuan.

  • BEIJING, July 21- Samsung Electronics is to pay 3 billion yuan for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on Thursday. Samsung Electronics said last week it was in talks to acquire a stake in BYD to boost its automotive chip business, after the Korea Economic Daily first reported...

  • SEOUL, July 21- South Korea's antitrust regulator inspected Google's Seoul headquarters to investigate whether the firm is engaged in anticompetitive behaviour over its Android operating system, Yonhap News Agency reported on Thursday. Yonhap, citing unnamed sources, said the Korea Fair Trade Commission made the inspection last week and was probing...

  • SEOUL, July 21- South Korea's antitrust regulator inspected Google's Seoul headquarters to investigate whether the firm is engaged in anticompetitive behavior over its Android operating system, Yonhap News Agency reported on Thursday. Yonhap, citing unnamed sources, said the Korea Fair Trade Commission made the inspection last week and was probing...

  • *China likely to keep out of policy spotlight at meeting. SHANGHAI, July 21- Finance heads from the world's leading economies will confront fresh fears about protectionism when they meet in China this weekend, with Brexit fallout and dwindling policy options to boost global growth expected to dominate talks. The Group of 20 finance ministers and central...

  • *China likely to keep out of policy spotlight at meeting. SHANGHAI, July 20- Finance heads from the world's leading economies will confront fresh fears about protectionism when they meet in China this weekend, with Brexit fallout and dwindling policy options to boost global growth expected to dominate talks. The Group of 20 finance ministers and central...

  • But Hong Kong's Hang Seng index rose 0.8 percent to 21,841.73 and Australia's S&P/ASX 200 gained 0.6 percent to 5,481.30. Stocks in mainland China and Taiwan were lower but in Indonesia and Singapore, stock indexes were higher. GLOBAL OUTLOOK: The IMF said Tuesday that Britain's decision to leave the European Union will reduce global economic growth this year...

  • MADRID, July 19- Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, held more than 6 billion euros in prime real estate assets at the end of 2015, corporate filings showed on Tuesday. The famously-reclusive magnate's real estate investment arm, Pontegadea Inmobiliaria, booked assets of 6.06 billion euros at the end...

  • SHANGHAI, July 19- Major Chinese state-owned banks pushed the yuan up sharply against the dollar on Tuesday afternoon, after it fell through a key psychological support level in the previous session. The yuan's sharp decline to 5-1/ 2 year lows has aggravated investors already rattled by slow global growth and potential fallout from Britain's decision to...

  • SHANGHAI, July 19- China's yuan edged up against the dollar on Tuesday after breaching the key level of 6.7 per dollar in the previous session, with state banks stepping in to control the slide. While China's second-quarter economic growth data on Friday was slightly stronger than expected due to growing central government support, exports continued to fall...

  • BEIJING— Asian stock markets were mixed Monday after Wall Street ended the week up, a Turkish military coup failed and China reported better economic data. Hong Kong's Hang Seng rose 0.1 percent to 21,674.28 and Seoul's Kospi was unchanged at 2,017.13. Benchmarks in Singapore and New Zealand gained while the Philippines and Indonesia retreated.

  • The Justice Ministry said Monday that Jin Kyung- joon, a vice ministerial-level official, was arrested and put to a detention facility on Sunday. South Korea, a vibrant, liberal democracy, is one of the leading economies in Asia, but high-profile corruption scandals still routinely take place. Jin faces allegations that he bought unlisted Nexon shares with the...

  • SEOUL, South Korea— Samsung Electronics said Friday it is in talks to buy shares of Chinese electric car maker BYD in the latest tech-auto collaboration. The company said the talks with BYD will not affect supply deals of Samsung SDI, a lithium-ion battery supplier for electric vehicles. It grew to supply about half the global market for mobile phone batteries...

  • *H1 crude imports from Iran up 107.9 pct y/y. SEOUL, July 15- South Korea's crude imports from Iran jumped nearly 115 percent in June from a year earlier as cheaper prices for Iranian condensate prompted Asia's major ultra-light oil buyer to boost purchases of the oil products last month. More Iranian condensate imports are expected in the fourth quarter if Iran...

  • SEOUL, South Korea— The seaside South Korean city of Sokcho is enjoying a surge of visitors who are wandering the streets at all hours as they look at their smartphones. The mobile game has become a blockbuster hit in the U.S. within less than a week of its launch, but it has not been officially launched in South Korea. Niantic Inc., a San Francisco spinoff of Google...

  • SEOUL, South Korea— South Korea's central bank lowered its growth outlook on Asia's fourth-largest economy on Thursday, citing Britain's decision to leave the European Union. South Korea's economy will likely expand 2.7 percent this year, compared with its April prediction of 2.8 percent, Bank of Korea said. South Korea's export to Britain is not significant...

  • *Base rate at 1.25 pct. *Rate cut expected in coming months- analysts. SEOUL, July 14- South Korea's central bank left rates unchanged as expected on Thursday, slightly downgrading its growth and inflation forecasts and propping the door open to further easing as it monitors the government's ongoing efforts to craft a supplementary budget.