Korea

U.S., South Korea, Japan urge North Korea to cease `irresponsible` provocations

U.S., South Korea, Japan urge North Korea to cease `irresponsible` provocations

Published 30/10/2017

Senior defense officials from the United States, South Korea and Japan held trilateral talks and urged North Korea to walk away from its "destructive and reckless path" of weapons development, the U.S. military said in a statement. [more…]

Bank of Korea seen hiking rates November 30 for first time in over six years: poll

Bank of Korea seen hiking rates November 30 for first time in over six years: poll

Published 27/10/2017

South Korea's central bank is expected to raise interest rates for the first time in more than six years at its Nov. 30 meeting, months earlier than previously anticipated, after the economy grew at a robust pace in the third quarter. [more…]

North Korea likely behind Taiwan SWIFT cyber heist: BAE

North Korea likely behind Taiwan SWIFT cyber heist: BAE

Published 16/10/2017

Cyber-security firm BAE Systems Plc said on Monday it believes the North Korean Lazarus hacking group is likely responsible for a recent cyber heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system. [more…]

South Korea expects arms, shale gas on U.S. agenda in trade talks

South Korea expects arms, shale gas on U.S. agenda in trade talks

Published 13/10/2017

South Korea's trade minister Kim Hyun-chong said on Friday the United States may demand that Seoul guarantees it will step up arms purchases and imports of U.S. shale gas if the two countries renegotiate a free trade agreement. [more…]

Split U.S. solar industry to debate tariffs at hearing

Split U.S. solar industry to debate tariffs at hearing

Published 03/10/2017

A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse. [more…]

Ostapenko finds busy schedule to her liking after Wuhan win

Ostapenko finds busy schedule to her liking after Wuhan win

Published 29/09/2017

Jelena Ostapenko overcame a sluggish start to stun world number one Garbine Muguruza in the quarter-finals of the Wuhan Open on Thursday and the Latvian suggested she plays more confidently with less time to prepare. [more…]

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…]