GO
Loading...

Enter multiple symbols separated by commas

Asia Top News and Analysis South Korea

More

  • SINGAPORE, Aug 27- Singapore state investor Temasek Holdings Ltd has partnered Asia- focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR& Co, Reuters...

  • NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.

  • NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.

  • *Supply glut and China' hard landing' fears weigh. "Plummeting gasoline seems to be a drag on crude oil prices," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, Germany. U.S. crude oil was down 20 cents at $39.11 a barrel by 1455 GMT.

  • *Supply glut and China' hard landing' fears weigh. LONDON, Aug 26- Oil stabilised on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/ 2- year lows as a heavy supply glut kept the market outlook bearish. Brent was unchanged at $43.21 a barrel by 0925 GMT, and U.S. crude was up 5 cents at $39.36 a barrel.

  • Could sanctions against North Korea be lifted? Wednesday, 26 Aug 2015 | 12:36 AM ET
    South Korean presidential security adviser Kim Kwan-Jin (R) shakes hands with Hwang Pyong-So (L) North Korea' top political officer for the Korean People's Army after their meeting at the Panmunjom on August 25, 2015 in Paju, South Korea. Both countries came to an agreement to ease tensions after an exchange of artillery fire last week.

    South Korea can discuss North Korean demands for an end to sanctions imposed over a 2010 naval attack.

  • *Fears over supply glut, hard landing in China economy. *Iran to ramp up output; Nigeria to export highest volume of 2015. SEOUL, Aug 26- Crude oil futures held in a narrow band on Wednesday not far off 6-1/ 2 year lows after China's central bank moved to support the country's stumbling economy, while concerns about a supply glut capped gains.

  • MSCI's benchmark EM stocks index recovered almost half of the 5 percent it had lost on Monday when worries about China's economic health had sent global markets into a panic. "The PBOC is doing what it has to do but it is very likely it is not enough so more will have to be done," said Wei Yao, China economist for Societe Generale in Paris. Though Asian markets were shut,...

  • *SK Hynix says to build 2 new S.Korea plants by 2024. SEOUL, Aug 25- SK Hynix Inc, the world's No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The memory chip industry has enjoyed robust profits in recent quarters, in part due to...

  • SEOUL, Aug 25- SK Hynix Inc, the world's No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The firm, which competes with rivals including Samsung Electronics Co Ltd, Micron Technology Inc and Toshiba Corp, said the plants would be...

  • *China equities collapse sparks global markets sell-off. A near 9- percent fall in China shares roiled global markets and sent the Dow Jones Industrial Average down more than 1,000 points in early trading. It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told the Reuters Global Oil Forum.

  • *China equities collapse sparks global markets sell-off. A near 9- percent tumble in China shares roiled global markets and sent the Dow Jones Industrial Average down more than 1,000 points in early trading. It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told the Reuters Global Oil Forum.

  • *China equities collapse sparks global markets sell-off. A near 9- percent tumble in China shares roiled global markets and sent the Dow Jones Industrial Average down more than 1,000 points in early trading, before Wall Street pared losses. "China's drop pushed everything lower and now we'll see if the bounce by U.S. stocks after the early pull back can stop the...

  • *Iran says will defend market share "at any cost". It's all about China, " Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, told Reuters Global Oil Forum. Brent oil was trading down $1.85, more than 4 percent, at $43.61 a barrel at 0950 GMT, after touching an intraday low of $43.28, its weakest since March 2009.

  • *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.

  • *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...