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  • 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.

  • 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...

  • SEOUL, July 17- North Korea's economy expanded by 1.0 percent in 2014, the South Korean central bank said on Friday, with a drought expected to hobble growth in one of the world's most isolated countries this year. A drought could dent economic activity this year, as North Korea has said it is the worst it has seen in 100 years although Seoul has said it seems to be...

  • Paul Singer takes on Samsung: Faber Report Thursday, 16 Jul 2015 | 9:41 AM ET
    Paul Singer takes on Samsung: Faber Report

    There's a fight brewing in South Korea, reports CNBC's David Faber, with the latest details on the battle between Elliott Management CEO Paul Singer and Samsung.

  • WASHINGTON, July 15- The U.S. government on Wednesday said it had approved Lockheed Martin Corp to upgrade 134 U.S.-made F-16 jet fighters for South Korea with new mission computers, radars and other equipment in a deal worth an estimated $2.5 billion. South Korea initially chose the U.S. unit of Britain's BAE Systems Plc to do the upgrades, but canceled the deal in...

  • Asia Inc looks to post-sanctions Iran for demand spurt Wednesday, 15 Jul 2015 | 7:22 AM ET

    SEOUL/ NEW DELHI, July 15- From steelmakers to construction firms, industrial companies in Asia hope an end to sanctions in Iran can provide a new source of sorely-needed demand. Shares in GS E&C, which walked away from a $1.2 billion project in Iran five years ago as sanctions escalated, gained nearly 5 percent on Wednesday, and South Korea's construction index...

  • Asia ready to buy more Iranian oil when sanctions lifted Wednesday, 15 Jul 2015 | 4:29 AM ET

    *India, others set to increase Iran oil imports when allowed. NEW DELHI/ SINGAPORE, July 15- Asian refiners are set to buy more crude oil from Iran once they receive word on when sanctions will be lifted, expecting Tehran to price its oil competitively as it tries to rebuild market share in an oversupplied market. Iran has said its priority destination for selling its...

  • SEOUL, July 15- South Korea plans to construct liquefied natural gas bunkering terminals at some of its ports as part of a drive to dominate the market for building ships fuelled by both oil and gas. LNG-fuelled tankers and the bunkering markets to support them are expected to grow rapidly in Europe and China as restrictions on greenhouse gas emissions boost...

  • *Iran could add 200,000 bpd to oil market in short-term. SINGAPORE, July 13- Any nuclear deal between Iran and six world powers loosening sanctions against Tehran could flood an oversupplied oil market with more fuel, yet sectors like cement and steel would see a rise in demand as the country works to revitalise its economy. But even with a diplomatic agreement...

  • Asia's most impressive renewable energy projects Sunday, 12 Jul 2015 | 7:33 PM ET
    Flood water is released from spillways of the Three Gorges Dam

    Asia has become the world leader in adding renewable capacity amid growing energy demand. These are Asia's most impressive renewable energy projects.

  • Samsung developing 11K display, 3D capabilities Friday, 10 Jul 2015 | 3:59 PM ET

    Samsung Display's newest endeavor is in your face, literally.

  • Nissan to export Rogue for U.S. market from Japan plant Thursday, 9 Jul 2015 | 11:46 AM ET

    "The crossover segment, particularly small crossovers, is the hottest part of the automotive market right now," said Fred Diaz, Nissan sales and marketing chief for North America. Last October, also because of high demand for Rogue, Nissan began producing them at Busan for export to North America. A weak yen versus the dollar allows Nissan to take more profit per...

  • SEOUL, July 7- South Korean tech giant Samsung Electronics Co Ltd on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. The guidance suggests that Samsung, while on a gradual recovery path, will struggle to replicate the...

  • What's weighing on Samsung's smartphone sales Monday, 6 Jul 2015 | 8:31 PM ET
    What's weighing on Samsung's smartphone sales

    Bob O'Donnell, founder & chief analyst at Technalysis Research, attributes the weaker-than-expected sales to factors such as a slowdown in the smartphone market.

  • Samsung Electronics tips below-view Q2 earnings Monday, 6 Jul 2015 | 8:21 PM ET
    Samsung Electronics tips below-view Q2 earnings

    Samsung Electronics expects its operating profit at 6.9 trillion won during the second quarter, below Reuters' forecasts of 7.2 trillion won.

  • *China bounces on Beijing support, Hong Kong hammered. LONDON, July 6- Emerging market stocks flirted with their biggest fall in two years on Monday as fears that Greece could be heading back to the drachma reached fever pitch, China remained volatile and Fed minutes this week kept U.S. rate jitters simmering. Most of the damage, however, had been done in Asia where...