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  • *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...

  • *Daily life goes on as normal in Pyongyang, Seoul. SEOUL, Aug 21- North Korean leader Kim Jong Un ordered his troops onto a war footing from 5 p.m on Friday after his government issued an ultimatum to Seoul to halt anti- Pyongyang propaganda broadcasts by Saturday afternoon or face military action. Tension escalated on Thursday when North Korea fired four shells...

  • *China factory activity sinks to 6-1/ 2- year low. China's vast factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, a private survey showed, pushing investors who fear China's sagging economy will translate into slower global growth to take refuge in gold and bonds. "Uncertainty about China growth is now the main swing factor in markets," said...

  • *China factory activity sinks to 6-1/ 2- year low. BEIJING, Aug 21- Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, hammering global stocks and commodity prices. "Uncertainty about China growth is now the main swing factor in markets,"...

  • What is the DMZ? Thursday, 20 Aug 2015 | 8:35 AM ET
    In this photo taken on Monday, April 23, 2012, North Korean soldiers stand guard on the demarcation line of the Demilitarized Zone that separates the two halves of the Korean peninsula at Panmunjom, North Korea. (AP Photo/Vincent Yu)

    The two Korea’s have technically been at war since 1953 and the demilitarized zone remains the most heavily fortified border in the world. CNBC’s Phil Han explains

  • The Supreme Court rejected the appeal by Han Myung- sook, who was sentenced to two years for taking about $758,850 in kickbacks from a businessman in a 2013 ruling by the Seoul High Court, according to court officials and Han's office. Han, 71, served as South Korea's first female prime minister in 2006 and 2007 under former liberal President Roh Moo-hyun, who...

  • DIARY- Emerging Markets Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:02 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. SEOUL, South Korea- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the "Macroeconomic Policy and Price Measurement Issues in a Low Inflation...

  • DIARY- Top Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank holds Executive Board Meeting- 1100 GMT. BERKELEY, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on "Pensions and...

  • Australia seeks to become the delicatessen of Asia Wednesday, 19 Aug 2015 | 5:00 PM ET

    *Native Australian produce demands top shelf prices in Asia. Finger limes are just one of a number of premium Australian agricultural products, including olive oil, honey, wagyu beef and organic baby food, now being sold in some of Asia's top stores as Australia pushes to become Asia's delicatessen. While Australia's main agricultural products like wheat, rice,...

  • DIARY- Top Economic Events to Sept. 1 Tuesday, 18 Aug 2015 | 8:01 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. STOCKHOLM- Sweden's Riksbank First Deputy Governor Kerstin af Jochnick will speak on Current Monetary Policy and the Economic Situation- 0700 GMT. BERKELEY, United States-...

  • How China's yuan move hurts emerging markets Monday, 17 Aug 2015 | 1:52 PM ET
    A vendor holds Chinese Yuan notes at a market in Beijing.

    China's move to devalue the yuan will impact emerging markets in several ways and investors should beware, says UBS's Jorge Mariscal.

  • *Will no longer invest in Korea's Posco, Daewoo International. Construction firm IJM Corp Bhd and conglomerate Genting Bhd, both of Malaysia, and steelmaker POSCO and conglomerate Daewoo International Corp of South Korea, were removed from the fund. At the start of 2015, the Norwegian fund owned shares worth 1.49 billion Norwegian crowns in Posco, 67.5 million...

  • Weaker yuan deals Asia's casinos a losing hand Monday, 17 Aug 2015 | 12:16 AM ET
    People walk through a concourse with their luggage at Hong Kong International Airport.

    Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.

  • Emperor Akihito (L) and Empress Michiko (R) bow before the altar during the annual memorial service for war victims in Tokyo on August 15, 2015.

    Japan's Emperor Akihito marked the 70th anniversary of WWII's end with an expression of "deep remorse" of the war, a departure from his annual script.

  • LONDON, Aug 14- You don't hear so much about the load-out queues in the London Metal Exchange's warehouse system these days. It's not that the queues to take delivery of aluminum from Detroit and Vlissingen have disappeared. As of the end of last month the waiting time at Detroit was still 328 days and that at the Dutch port 327 days.

  • The pressure is off the BOK, for now: Expert Wednesday, 12 Aug 2015 | 8:25 PM ET
    The pressure is off the BOK, for now: Expert

    The easing in the yen-won exchange rate and a recovery from the MERS outbreak underpinned the Bank of Korea's decision to hold rates steady, says Richard Iley, chief economist of emerging markets at BNP Paribas.

  • DIARY-Top Economic Events to Aug 25 Tuesday, 11 Aug 2015 | 8:01 PM ET

    PERTH- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Shann Memorial Lecture hosted by the University of Western Australia Business School- 1030 GMT. ROCHESTER, United States- Federal Reserve Bank of New York President William Dudley speaks before the Rochester Business Alliance on the local economy and the benefits of workforce...

  • *China changes way it sets daily guidance rate. *China will get unfair export advantage- U.S. lawmakers. SHANGHAI, Aug 12- China shocked global markets on Tuesday by devaluing its currency after a run of poor economic data, a move it billed as a free-market reform but which some experts suspect could be the beginning of a longer-term slide in the exchange rate.

  • "I'd planned to go to Seoul this month with my friends and then Thailand alone in October. "So I think I won't go to Seoul for shopping, but just to Thailand for sightseeing." China devalued its currency by 2 percent after a run of poor economic data- a move some economists think could herald a longer-term slide in the exchange rate.