Seoul believes North Korea is preparing to launch a ballistic missile, posing a possible new threat to stability on the peninsula ahead of South Korea’s presidential election in December. The FT reports.
Colin Chapman, Vice President, Asia Pacific, Stratfor, discusses geopolitical risks in 2013 including the upcoming elections in Japan and South Korea.
Samsung Electronics has admitted breaches of labor regulations at its plants in China, as well as at those of outside suppliers. The FT reports.
Tony Nash, Managing Director, IHS outlines which markets he believes will be next year's winners and losers. China, India and Japan are all on his list.
The Greek drama plays on and the Brazilian real crosses a line — it's time for your FX Fix.
Richard Yetsenga, Head of Global Markets Research at ANZ, says Europe's crisis increasingly looks chronic with the weak growth outlook dampening any quick solutions and suggests investors sell the single currency at 1.27.
Northern European economies feel a chill and China reins in the yuan — it's time for your FX Fix.
South Korea’s central bank, which cut interest rates twice this year, may hold off on further easing for the rest of the year amid signs the economy is bottoming and as the nation prepares for presidential elections on December, economists say.
Nov 6- Hyundai Motor Co and its affiliate Kia Motors Corp stand to lose about $100 million because of their plan to fund fuel purchases of owners who bought vehicles whose fuel economy was exaggerated by the automakers, Moody's Investors Service said.
*L'Oreal Q3 sales up 4.6 pct. *L'Oreal CEO sees market unchanged in 2013 vs 2012. PARIS, Nov 6- L'Oreal's sales trends continued to worsen by the end of September for the third quarter running, particularly for its luxury and professional products, the world's biggest cosmetics group said on Tuesday.
SEOUL, Nov 6- General Motors Co said it would not build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift the assembly to Europe to help boost efficiency at its money-losing unit there. Rocha said the new model would be built in five regions, including Europe, the United States and China, according to Choi.
SEOUL, Nov 6- South Korea's main nuclear power supervisor extended an investigation into forged safety certificates for reactor components to three more facilities on Tuesday, a day after shutting down two reactors.
GENEVA, Nov 5- China will later this month enter talks to create an Asian free-trade bloc covering 28 percent of world GDP, a reaction to U.S. progress in forming a Trans-Pacific Partnership that excludes China, South Korean Trade Minister Taeho Bark said on Monday.
LONDON, Nov 5- International tourist arrivals grew 4 percent between January and August year-on-year and are heading for the 1 billion mark for the first time by December, the UN World Tourism Organization said on Monday.
The $2.3- billion project by the small, British company London Mining Plc would also bring diesel power plants, a road and a port near Greenland's capital Nuuk.
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
SEOUL, Nov 5- Hyundai Motor Co's and Kia Motors Corp's admission that they overstated the fuel economy of some cars has tainted their reputations, and brand loyalty will be tested in the months ahead after a decade of unbroken success in the United States. Hyundai alone lost $3.1 billion in market value.
*MSCI Asia ex- Japan falls, Nikkei drops 0.5 pct. U.S. stock futures suggested a firm Wall Street start, with a 0.2 percent rise, but European shares were seen falling, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 0.5 percent.
Asian shares fell on Monday and the dollar firmed as investors shied away from risk ahead of the closely fought U.S. presidential election, the result of which could define a clear direction for broader markets.
*Seoul concerned about recent volatility of won exchange rate. MEXICO CITY, Nov 4- South Korea will not hit its 2012 GDP target of 3.3 percent growth after three slow quarters, but expects recent stimulus measures to drive a modest rebound in the fourth quarter, Finance Minister Bahk Jae- wan said on Sunday.