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  • Ata Safdar, head of Reckitt Benckiser in South Korea and Japan, bowed several times in apology. South Korea said last year that 92 people were believed to have died from causes related to the humidifier products- not all of them made by Oxy Reckitt Benckiser, the former name of the group's South Korean arm. South Korea says 530 people registered claims of lung...

  • South Korea said last year that 92 people were believed to have died from causes related to the humidifier products- not all of them made by Oxy Reckitt Benckiser, the former name of the group's South Korean arm. South Korea says 530 people registered claims of lung ailments from using humidifier sterilizers made by various companies. The government banned the...

  • KEEPING SCORE: In early trading, Britain's FTSE 100 index was off 0.4 percent at 6,159.14. ASIA'S DAY: Sydney's S&P/ASX 200 fell 1.5 percent to 5,271.10 and Hong Kong's Hang Seng index lost 0.7 percent to 20,525.83. The Shanghai Composite Index was unchanged at 2,991.27 and benchmarks in New Zealand, Singapore, Taiwan and Indonesia also fell.

  • SEOUL, South Korea— A former South Korean government minister was nominated to take over the organizing committee of the 2018 Winter Olympics on Tuesday, just hours after Cho Yang- ho quit amid escalating financial troubles at the business group his family controls. Cho is chairman of the Hanjin Group, which controls Olympic sponsor Korean Air and a major...

  • *China barely positive in April, stimulus impact limited. BENGALURU/ SYDNEY, May 2- Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank last month at the fastest pace in more than three...

  • Officials of the Busan International Film Festival say the feud between organizers and the host city of Busan, its largest financial sponsor, started two years ago when the festival's program displeased government officials. Festival organizers defied Busan Mayor Suh Byung- soo's request they not screen the documentary, and "That's where all the problems...

  • SEOUL, South Korea— British consumer goods company Reckitt Benckiser apologized Monday for selling deadly disinfectants that killed or injured hundreds of people, five years after the government ordered the company to remove the products from shelves for health risks. Ataur Safdar, head of the company's Korean division, said the company accepted...

  • SEOUL, South Korea— European shares rose on Monday despite a poor start for the week in Asia, where the Tokyo benchmark fell more than 3 percent as investors registered their disappointment over the lack of new stimulus from Japan's central bank. Britain's FTSE 100 was closed for a bank holiday. JAPAN'S MALAISE: The Bank of Japan's policy meeting on Thursday...

  • *Exports to China, U.S. and EU all fall. SEOUL, May 1- South Korean exports fell at a sharper pace in April as fewer working days ate into shipments already suffering from weak global demand and low global commodity prices, and the trade ministry said it was not optimistic about conditions in May. The International Monetary Fund cut its world growth forecast to 3.2...

  • Biotech drugmaker Gilead Sciences said its results were hurt by big discounts and rebates on its costly hepatitis C medicines, and its stock lost $8.52, or 8.8 percent, to $88.48. Rival biotech giant Amgen reported relatively solid results, but fell $2.59, or 1.6 percent, to $157.97. Health insurer Molina Healthcare slashed its full-year guidance because of...

  • *Germany says "America first" is no answer to post-Cold War world. LONDON, April 28- Donald Trump's first major foreign policy address alarmed American allies, who view the Republican front runner's repeated invocation of an "America first" agenda as a threat to retreat from the world. "I can only hope that the election campaign in the USA does not lack the perception...

  • SEOUL, South Korea— LG Electronics Inc. reported a stunning jump in its first-quarter earnings as its high-end home appliance sales offset a loss for its smartphone business. The South Korean company said Thursday it earned 191 billion won in the January-March period, compared with 2 billion won a year earlier. Operating profit jumped 66 percent to 505 billion...

  • *Q1 operating profit $5.8 bln, slightly above earlier guidance. SEOUL, April 28- Tech giant Samsung Electronics Co Ltd on Thursday tipped a pickup in second-quarter profits after reporting a 12 percent earnings gain in January-March on the back of "robust" sales of its Galaxy S7 smartphones. Samsung's January-March operating profit was 6.7 trillion won,...

  • *Q1 operating profit $5.8 bln, slightly above earlier guidance. SEOUL, April 28- Tech giant Samsung Electronics Co Ltd said on Thursday that its first-quarter operating profit rose 12 percent from a year earlier, propelled by strong initial sales for its flagship Galaxy S7 smartphones. Samsung, in a regulatory filing, said January-March operating profit was 6.7...

  • THURSDAY, APRIL 28 MAKATI CITY, Philippines- Central Bank of Philippines Governor Amando Tetangco to attend a financial inclusion summit- 0100 GMT. PARIS- Czech National Bank board member Kamil Janacek to attend a Economic and Development Review committee meeting. PRAGUE- Czech Banking Association holds a press conference to update macroeconomic forecast-...

  • SEOUL, South Korea— Samsung Electronics recorded a better-than-expected profit in January-March, as an early debut of its flagship Galaxy smartphones boosted sales of high-end phones despite flat growth in the overall smartphone market. Samsung Electronics launched the latest versions of its flagship Galaxy smartphones on March 11, about a month earlier...

  • WEDNESDAY, APRIL 27 LONDON- Organisation for Economic Co-operation and Development Secretary General Angel Gurria gives speech on Britain's EU referendum at London School of Economics- 0930 GMT. SINGAPORE- Monetary Authority of Singapore releases macroeconomic review, its detailed assessment of economic conditions. BRASILIA- Central Bank of Brazil...

  • *Fashion labels from S. Korea, China, Japan popular. SEOUL, April 26- Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels. Chinese fashion brands, such as Ms Min and Comme moi, are the fastest-growing...

  • SEOUL, South Korea— Hyundai Motor Co. reported a 12 percent drop in its first-quarter net profit on Tuesday as its sales falls in China, Russia and Brazil outweighed higher vehicle shipments at home and favorable foreign exchange rates. But the results could reaffirm concerns about its competitiveness in China, the world's largest auto market.

  • SEOUL, South Korea— Asian stock markets fell Tuesday ahead of U.S. Federal Reserve and Bank of Japan policy meetings, as commodity prices ran out of steam, dragging on big miners. Taiwan was higher but markets in Singapore, Indonesia and the Philippines declined. JAPAN WATCH: A string of economic reports are due before the Bank of Japan's monthly policy meeting on...