Asia Pacific Business News

Korea Life may raise around $2 bln in IPO-sources

Reuters - Saturday, November 7

* Valued at $10 bln, plans 20 pct public float-sources More »

  • MARKETS-KOREA-STOCKS/ (UPDATE 2)=2

    Reuters - Friday, November 6

    Trading revenue on the main board was 3.62 trillion won ($3.09 billion), up slightly from Thursday's 3.36 trillion won.

  • Seoul shares rise 1.3 pct, volume low amid caution

    Reuters - Friday, November 6

    * Trading still lacklustre

  • South Korea says mortgage loan growth slows in Oct

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korea said on Friday that growth in mortgage lending slowed for a third consecutive month in October in the wake of government regulatory measures aimed at averting a property price bubble.

  • China blasts US steel pipe duties as protectionist

    AP - Friday, November 6

    BEIJING - China on Friday blasted Washington's decision to impose anti-dumping duties on imports of Chinese-made steel pipe as protectionist ahead of President Barack Obama's visit to Beijing this month.

  • S.Korea spotted buying dlrs to check won's rise -dealers

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korea's foreign exchange authorities were spotted buying dollars on Friday to check the won's <KRW=> gains, traders said.

  • Prius top-selling car in Japan for sixth month

    AP - Friday, November 6

    TOKYO - Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an industry group said Friday.

  • Seoul shares end up led by brokers, steel issues

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - Seoul shares rose 1.3 percent on Friday, with brokerages, steel makers and auto parts-related shares advancing against the backdrop of a Wall Street gain, but caution lingered over the stronger won <KRW=> and upcoming U.S. data.

  • Malaysia says Airbus A400M delivery to be delayed

    Malaysia says Airbus A400M delivery to be delayed

    AFP - Friday, November 6

    KUALA LUMPUR (AFP) - - Malaysia's order for four Airbus A400M military planes will proceed but delivery will be delayed by at least three years to 2016, a senior official said Friday.

  • POSCO starts work on steel plant in Turkey

    POSCO starts work on steel plant in Turkey

    AFP - Friday, November 6

    SEOUL (AFP) - - South Korean steelmaker POSCO said Friday it has begun building a plant in Turkey to produce steel for automobiles.

  • US says SKorea trade deal 'within reach'

    US says SKorea trade deal 'within reach'

    AFP - Friday, November 6

    WASHINGTON (AFP) - - The top US trade negotiator said that finalizing a trade deal with South Korea was "within reach" but gave no timeline as he sought greater access for US automakers.

  • USTR Kirk says S.Korean trade pact needs new auto deal

    Reuters - Friday, November 6

    * US says needs level playing field in S.Korea auto market

  • China's growing thirst for African oil

    China's growing thirst for African oil

    AFP - Friday, November 6

    LAGOS (AFP) - - China has dangled a near open cheque book to Africa's major oil producers in a bid to guarantee supplies for decades to come.

  • S.Korean bonds steady early despite firmer stocks

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korean government bond prices held steady early on Friday despite a jump in the equities markets, on a relatively high level of risk aversion and ahead of next week's rate decision by the country's central bank.

  • S.Korea mulls $7 bln injection into KIC in 2010

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korea is seeking to entrust an additional $7 billion to sovereign wealth fund Korea Investment Corp (KIC) next year, a finance ministry official said on Friday.

  • Seoul shares higher on Hyundai Mobis, brokerages

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - Seoul shares got off to a strong start on Friday, with car parts maker Hyundai Mobis <012330.KS> and brokerage issues rebounding in a positive reaction to the broad-based rally in U.S. stocks on robust economic data.

  • NZ Telecom Q1 earnings up 9 percent

    AP - Friday, November 6

    WELLINGTON, New Zealand - Telecom Corp., New Zealand's largest listed company, reported a surprise lift in profits for the first quarter of the financial year thanks to a huge tax credit and strong growth in the mobile phone market.

  • UPDATE 1-Korean Air sees recovery, Delta signals improvem

    Reuters - Friday, November 6

    (Refiles to correct spelling of Delta Air Lines in ninth paragraph) (Adds details, China Southern)

  • US slaps sanctions on Malaysian branch of Iran's Bank Mellat

    US slaps sanctions on Malaysian branch of Iran's Bank Mellat

    AFP - Friday, November 6

    WASHINGTON (AFP) - - The US Treasury Department on Thursday announced sanctions against the Malaysian subsidiary of Iran's Bank Mellat, which Washington says helps finance the proliferation of weapons of mass destruction.

  • Ailing JAL suspends 16 more routes

    Ailing JAL suspends 16 more routes

    AFP - Friday, November 6

    TOKYO (AFP) - - Struggling Japan Airlines said Thursday it would axe 16 more routes, affecting dozens of flights, as part of a drastic overhaul aimed at keeping it in the skies in the face of mounting losses.

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