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  • SINGAPORE, May 13- Asia's refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, ruining margins and dragging down share prices across the region. Singapore's benchmark gasoline margins- long the bright spot for Asia's oil processors amid rock-bottom...

  • *Bank of Korea holds rates at 1.50 pct. SEOUL, May 13- South Korea's central bank kept its policy rate at a record low 1.50 percent on Friday for an 11th straight month as expected, believing economic recovery could continue at the current level without a cut, although many analysts expect a move in June. Many market participants believe the Bank of Korea should cut...

  • SEOUL- The Bank of Korea's monetary policy meeting to announce interest rates- 0100 GMT. PRAGUE- The Czech National Bank to publish the minutes of May policy meeting- 0700 GMT. MONDAY, MAY 16 SEJONG, South Korea- The state-run Korea Development Institute and the finance ministry will host an OECD seminar in Sejong in light of the OECD's publication of a report on the...

  • NEW DELHI, May 12- New Delhi urged South Korean steelmaker POSCO last month to buy local raw material for its automotive steel plant in western India, two government sources said, trying to cut imports and boost domestic production of high-value steel. New Delhi also initiated probes into the possible dumping of cheap steel into India by China, Japan and South...

  • *Hyundai, Kia China mkt share fell to 8.9 pct last year. Hyundai and Kia's China market share slid to a 7- year low of 8.9 percent last year from 10.4 percent in 2014, according to company data, hit by the rise of Chinese rivals including Great Wall Motor. Latecomers to China when they began making cars there in 2002, Hyundai and Kia rank third behind Volkswagen and...

  • PARIS, May 6- Christian Dior, one of the world's biggest and most famous fashion brands, is struggling to find a creative director more than six months after the abrupt departure of Raf Simons. Adding to its woes, Dior's sales growth has stalled in recent months, reflecting a fall in tourism to Europe after the Paris and Brussels attacks and weaker demand in some key...

  • *Eight handset makers are probed over alleged patent violation. HONG KONG, May 6- The U.S. International Trade Commission is launching an investigation into mobile devices made by eight smartphone vendors including Samsung Electronics Co over an alleged patent violation, the trade panel said on its website. The probe follows a complaint filed by Singapore-...

  • PYONGYANG, May 5- The Pyongyang skyline is rising- and not just with the trophy structures that represent the North Korean state. In a comparison of photos taken by Reuters this week and on a visit to Pyongyang last October, several new high-rises of 20 or more stories have appeared in the capital, some appearing near completion. The construction, mostly of what look...

  • SEOUL, May 4- South Korean retailer Lotte Mart stopped ordering Reckitt Benckiser products on Wednesday along with some e-commerce sites, after the British firm apologised for selling humidifier sterilizers linked to deadly lung injuries. South Korea said last year that 92 people were thought to have died from causes related to the humidifier products, not...

  • 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...

  • *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...

  • *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...

  • A man watches a TV news showing file footage of a North Korean missile launch at a railway station in Seoul on April 28, 2016.

    North Korea test-fired what appeared to be two intermediate range ballistic missiles on Thursday, but both failed, the U.S. military said.

  • *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...

  • *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-...

  • 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...