Korea

U.S. fund investors rush into money-market funds, Treasuries: Lipper

U.S. fund investors rush into money-market funds, Treasuries: Lipper

Published 15/09/2017

U.S. fund investors sought shelter during the latest week, pouring more than double the amount from the previous week into money markets, and stockpiling the most in "safe haven" Treasuries in more than a year, Lipper data showed on Thursday. [more…]

U.N. Security Council to vote Monday on weakened North Korea sanctions: diplomats

U.N. Security Council to vote Monday on weakened North Korea sanctions: diplomats

Published 11/09/2017

The U.N. Security Council is set to vote on Monday on a watered-down U.S.-drafted resolution to impose new sanctions on North Korea over its latest nuclear test, diplomats said, but it was unclear whether China and Russia would support it. [more…]

Risk appetite props up dollar after worst week in two months

Risk appetite props up dollar after worst week in two months

Published 11/09/2017

The dollar edged higher on Monday after posting its biggest weekly drop in two months as a decline in risk aversion spurred some investors to cover their short positions before U.S. inflation data later this week. [more…]

ExxonMobil slashes LNG price to India in bad omen for producers

ExxonMobil slashes LNG price to India in bad omen for producers

Published 11/09/2017

India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp (XOM.N) in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market. [more…]

South Korea seeks bigger warheads, North Korean ICBM reportedly on the move

South Korea seeks bigger warheads, North Korean ICBM reportedly on the move

Published 05/09/2017

South Korea said on Tuesday an agreement with the United States to scrap a weight limit on its warheads would help it respond to North Korea's nuclear and missile threat after Pyongyang conducted its sixth and largest nuclear test two days ago. [more…]

Asian shares fragile as Trump turmoil, Korea tensions weigh

Asian shares fragile as Trump turmoil, Korea tensions weigh

Published 21/08/2017

Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress. [more…]

Uber hikes Hong Kong fees amid legal troubles

Uber hikes Hong Kong fees amid legal troubles

Published 21/08/2017

Uber Technologies Inc UBER.UL on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub. [more…]

Hyundai Merchant Marine says in talks with BlackRock about potential investment

Hyundai Merchant Marine says in talks with BlackRock about potential investment

Published 21/08/2017

South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) (011200.KS) is in talks with BlackRock Inc (BLK.N) about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. [more…]

Exclusive: Hyundai Motor Group faces government calls to address `big governance risk`

Exclusive: Hyundai Motor Group faces government calls to address `big governance risk`

Published 20/08/2017

South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders. [more…]

LaSalle sets $1 billion target for pan-Asia real estate fund

LaSalle sets $1 billion target for pan-Asia real estate fund

Published 16/08/2017

LaSalle Investment Management Inc has set a new capital-raising target of $1 billion for the fifth of its pan-Asia opportunistic real estate funds, one of which is expected to significantly outperform a target annual return of 18 percent, the unit of Jones Lang LaSalle Inc said on Wednesday. [more…]