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  • SEOUL, July 29- An ugly fight among Lotte Group founding family members for control of the conglomerate's holding company sent shares in group firms jumping on Wednesday as investors bet the founder's sons would seek to boost their stakes. Whether younger son Shin Dong- bin, 60, will be able to maintain his grip on Lotte Holdings remains uncertain as the father...

  • SEOUL, South Korea— LG Electronics said Wednesday its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business and mobile phones earned little income. The company reported a net profit of 226.4 billion won for the April-June quarter, compared with 411.8 billion won a year earlier. LG's TV business, the world's...

  • BEIJING— Chinese stocks fell further Tuesday after suffering their biggest drop in eight years the previous day while most other Asian markets declined and Europe rose. In Europe, Germany's DAX was up 0.9 percent at 11,150.48 and France's CAC-40 gained 0.8 percent to 4,967.18. CHINA'S PLUNGE: The Shanghai index fell 8.5 percent on Monday, its biggest one-day...

  • NEW YORK— The worst drop in China's stock market in eight years helped drag down other markets around the world Monday. Faced with a drop in stock prices in Asia, Europe and the U.S., investors moved into traditional safe havens. "There remain very few buyers out there and there are some growing concerns that we're looking at a slowdown in global economic growth," said...

  • SEOUL, South Korea— The Shanghai share index fell the most since early 2007 on Monday as Chinese stocks suffered a renewed sell-off despite government efforts to calm the market. In Europe, Britain's FTSE 100 fell 0.1 percent to 6,573.22 and Germany's DAX shed 1.3 percent to 11,198.22. Monday's fall on the Shanghai market was the biggest one-day decline in...

  • SEOUL, South Korea— Shanghai stocks dive 8 percent as China shares suffer renewed selling, other Asia markets down.

  • Thai Airways suspends unprofitable US flights Monday, 27 Jul 2015 | 2:22 AM ET

    BANGKOK— Thailand's beleaguered national airline said Monday it will suspend flights to the U.S. as part of efforts to end years of losses. The airline will suspend the unprofitable four roundtrip flights per week from Bangkok to Los Angeles and from Bangkok to Rome, starting October 25, Thai Airways President Jarumporn Chotikasathein said in a statement.

  • KEEPING SCORE: Japan's Nikkei 225 fell 0.7 percent to 20,394.41 and South Korea's Kospi was down 0.3 percent to 2,040.29. Hong Kong's Hang Seng sank 2.1 percent to 24,599.73 and Australia's S&P/ASX 200 dipped 0.1 percent to 5,558.50. Stocks in Southeast Asia, Taiwan and New Zealand were also lower.

  • Hyundai Motor's 2Q earnings down 24 percent Thursday, 23 Jul 2015 | 2:25 AM ET

    SEOUL, South Korea— Hyundai Motor Co. said Thursday its second quarter earnings sank 24 percent due to a sales drop in China and weakness in other markets due to falling currencies. Hyundai said China sales declined as the country's local makers of cheap vehicles recorded explosive sales growth. Foreign carmakers in joint ventures with Chinese firms marked...

  • South Korea's growth slowest in more than 2 years Wednesday, 22 Jul 2015 | 11:36 PM ET

    SEOUL, South Korea— South Korea's quarterly growth slowed to the lowest in more than two years as a severe drought hit agriculture and an outbreak of Middle East respiratory syndrome sapped consumption. The Bank of Korea said Thursday that South Korea's economy expanded 2.2 percent in the second quarter over a year earlier. Asia's fourth-largest economy eked...

  • SEOUL, July 23- South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak, dry weather and poor exports, adding pressure on lawmakers to swiftly pass a pending supplementary budget. The economy grew just 0.3 percent in April-June over the previous quarter, the Bank of Korea estimated on Thursday,...

  • Official: Mitsubishi may extend WWII apology to others Wednesday, 22 Jul 2015 | 5:13 AM ET

    "If there is such an opportunity, we will do the same apology," Yukio Okamoto told foreign media, saying the POWs brought to Japan were subjected to inexcusable labor conditions. Okamoto, a former diplomat, was among company officials who delivered an apology to surviving POWs and family members on Sunday in Los Angeles for about 900 Americans forced to work in...

  • Apple outlook weighs on global markets Wednesday, 22 Jul 2015 | 1:26 AM ET

    SEOUL, South Korea— Global stock markets dropped Wednesday after U.S. earnings fell short of expectations and investors began to focus on next week's Federal Reserve meeting. KEEPING SCORE: Britain's FTSE 100 fell 0.7 percent to 6,719.52 and Germany's DAX declined 0.4 percent to 11,563.48. ANALYST'S TAKE: "With Greece and China slipping off the table, investors...

  • SEOUL, South Korea— The bitter fight between Samsung and an American hedge fund over a contentious takeover deal shows that South Korea needs to do more to protect shareholder rights, South Korea's top economic policymaker said Tuesday. Finance minister Choi Kyung- hwan said South Korea needs to win trust from overseas investors by making sure that companies...

  • China slowdown could drag down Asian peers: Pro Monday, 20 Jul 2015 | 9:16 PM ET
    China slowdown could drag down Asian peers: Pro

    Taimur Baig, chief economist for Asia at Deutsche Bank, scaled back his growth forecasts for the likes of Singapore and Hong Kong due to the slowdown in China.

  • US teenagers beat world at global math competition Monday, 20 Jul 2015 | 12:29 PM ET
    Math

    A group of six American high school students have won one of the most challenging and competitive math contests in the world.

  • BEIJING— Asian stocks mostly drifted lower Monday as investors put Greece's debt crisis behind them to focus on the outlook for interest rates, corporate earnings and China's economy. Seoul's Kospi was off 0.2 percent at 2,071.87 and Bangkok, Taiwan and Manila also fell. Sydney's S&P/ASX 200 added 0.1 percent to 5,675.20 and Singapore and New Zealand also rose.

  • While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market. Airlines in Dubai are fast adding new Iran routes to meet growing demand. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar...

  • LONDON, July 17- Whoever took all the lead out of the London Metal Exchange warehousing system in the second quarter has just been kind enough to return it. A total 50,475 tonnes of the heavy metal were placed on warrant in the South Korean port of Busan earlier this week. The International Lead and Zinc Study Group assesses lead as being in small 7,000- tonne...

  • World stocks uneven as Europe rally on Greece fades Friday, 17 Jul 2015 | 5:46 AM ET

    HONG KONG— World stock markets were uneven Friday as Europe's rally faded while most Asian indexes advanced, led by a jump in Chinese shares, after strong U.S. earnings. Britain's FTSE 100 edged 0.1 percent lower to 6,788.61. ANALYST INSIGHT: " Greece is on the way to becoming just background noise- at least for a while anyway," said Shane Oliver, head of investment...