SEOUL, Nov 17- Chinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese leader to do so since 2005.. Xi told South Korean president Moon Jae- in in a bilateral meeting on the sidelines of the Asia Pacific Economic Co-operation...
SEOUL, Nov 14- South Korea's top financial regulator said Samsung BioLogics Co Ltd had intentionally breached accounting rules ahead of its 2016 listing, leading to a suspension in trading of the biotech firm's shares and a review of its listing status. The Financial Services Commission, which has been reviewing the matter after a complaint by an activist...
WEDNESDAY, NOVEMBER 14 JOHANNESBURG- World Bank officials to meet Zambia finance minister and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. ZAGREB- Croatia National Bank holds monetary policy...
Nov 13- U.S. hedge fund Elliott on Tuesday renewed pressure on South Korea's Hyundai Motor Group, urging it to return $10.6 billion of capital to shareholders and consider selling non-core assets, including costly land it bought in Seoul for new headquarters. In an open letter on Tuesday, Elliott called on Hyundai to return up to 8 trillion won, or 31 percent of its...
The number of foreign students heading to U.S. colleges and universities fell again last year, the second straight decline after more than a decade of growth, a new report finds.
Nov 13- U.S. hedge fund Elliott Management on Tuesday renewed pressure on Hyundai Motor Group, calling on the South Korean company to return $10.6 billion of cash to shareholders and consider selling non-core assets, including $10 billion of property. In an open letter, Elliott called on Hyundai to return up to 8 trillion won, or 31 percent of its market value, and...
European companies are unlikely to continue business with Tehran even if their governments wish otherwise, the White House's National Security Advisor said on Tuesday.
MELBOURNE, Nov 13- Australia, the world's biggest coal exporter and second-biggest liquefied natural gas exporter, wants to build its next big energy industry around exploiting solar and wind power along with brown coal to produce hydrogen. Australia is seeking to supply what could be a $7 billion market for hydrogen to China, Japan, South Korea and Singapore by...
TUESDAY, NOVEMBER 13 JOHANNESBURG- World Bank officials to meet Zambia finance ministers and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. MELBOURNE- Panel Participation by Guy Debelle, RBA Deputy...
President Donald Trump could not attend a commemoration in France for U.S. soldiers and marines killed during World War One on Saturday because rain made it impossible to arrange transport, the White House said.
Asian countries' exports are potentially vulnerable to the U.S.-China trade war on two fronts: changes to global supply chains and slowing Chinese domestic demand.
Nov 9- The United States on Monday re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. But, fearing a price spike, it granted Iran's biggest buyers- China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey- sanctions waivers. The U.S. bank also said "payments for the oil by the exempt...
SINGAPORE/ SEOUL, Nov 9- A South Korean delegation including oil buyers is expected to head to Iran next week to discuss resuming Iranian oil imports after a three-month halt, three sources with knowledge of the matter said. It can import up to 200,000 barrels per day of Iranian oil, mostly condensate, the sources said, without invoking U.S. economic sanctions...
South Korean President Moon Jae-in has replaced chief presidential policy aide Jang Ha-sung and finance minister Kim Dong-yeon, the two most senior policymakers in charge, his office said on Friday.
LONDON, Nov 8- Japan's Toshiba Corp said on Thursday it would scrap a British nuclear plant project after failing to find an investment partner, but South Korea indicated it was still interested in building a reactor at the site. The Moorside project in northwest England was expected to provide around 7 percent of Britain's electricity, but faced setbacks after...
TOKYO, Nov 8- Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas...
*ENN Group chosen as buyer of LNG business- Nikkei. TOKYO, Nov 8- Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors' confidence. The scandal forced it to recognise huge cost overruns at now-bankrupt U.S....
While short-term disruption can be expected in Asia due to the trade war between the U.S. and China, other regional players could stand to benefit in the long run, Nick Marro analyst at The Economist Intelligence Unit told CNBC.
WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. BUDAPEST- Hungarian Central Bank to publish the minutes of its October 2018 rate-setting meeting 1300 GMT. SYDNEY- Panel Participation by Tony Richards, RBA Head of Payments Policy, at The Future of Financial Services Sydney Conference 2018, Sydney- 2310 GMT.
Hyundai and affiliate Kia Motors Corp will launch pilot electric vehicle projects in Southeast Asia next year, starting with Singapore, where 200 EVs will be leased to Grab drivers, Hyundai said in a statement. The move comes as Hyundai battles sluggish sales in its two biggest markets, China and the United States, while its stock price has fallen nearly a third...
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