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GM signs long-term growth plan for S.Korea auto unit
08-12-2010 14:16
US automaker General Motors Wednesday signed an agreement with Korea Development Bank (KDB) for the long-term development of its South Korean operation GM Daewoo Auto and Technology, KDB said.
GM says it plans additional $1.0 billion debt cut
01-12-2010 20:38
US auto maker General Motors said on Wednesday it planned to reduce its debt by a further $1.0 billion(762 million euros) through the repayment of a credit owed by its South Korean subsidiary.
Wall Street down after rollercoaster week
27-11-2010 10:00
Wall Street lurched from gains to losses in a rollercoaster ride this week, amid concerns about the eurozone, tensions on the Korean peninsula and amid a US holiday.
US rally propels Asia stocks higher
25-11-2010 22:03
Asian stock markets edged higher on Thursday following strong gains on Wall Street and rising commodity and oil prices, but with worries about the Korean peninsula persisting.
US rally propels Asia stocks higher
25-11-2010 15:28
Asian stock markets edged higher on Thursday following strong gains on Wall Street and rising commodity and oil prices, but with worries about the Korean peninsula still lingering.
Samsung to hire 1,000 people in Slovak plants
25-11-2010 08:57
South Korean giant Samsung Electronics said Wednesday it would hire 1,000 new employees in Slovakia to boost production of LCD TV sets.
Euro hits two-month low but shares recover
24-11-2010 20:41
The euro sank under $1.33 for the first time in two months, Spanish borrowing rates rose and European stocks recovered on Wednesday amid spreading eurozone debt concerns and Korean unrest.
Gold climbs over bad news
24-11-2010 16:39
The price of gold in Vietnam surpassed VND36 million a tael (1.2 ounces) on November 24. Global prices rocketed up as escalating tensions on the Korean peninsula prompted investors to seek the precious metal as a safer asset.
HSBC appointed as cash management partner of Posco in Vietnam
24-11-2010 14:47
HSBC Vietnam has been appointed to provide integrated cash management services to South Korea’s Posco affiliates in Vietnam.
Korea crisis shakes Asian markets
24-11-2010 13:49
Asian shares reacted nervously Wednesday to the latest hostilities on the Korean peninsula as well as wider economic woes, although several markets regained ground later in the day.
Tokyo shares end lower on Korean tension, euro worries
24-11-2010 13:45
Japanese shares closed down 0.84 percent on Wednesday as fresh tension on the Korean peninsula chilled risk appetite, while sentiment was also hit by worries over eurozone economies.
US stocks dive amid Korea tensions
24-11-2010 10:54
US stocks closed sharply down on Tuesday as escalating tensions between North and South Korea and new uneasiness over the eurozone fueled fears about the global economy.
India's Mahindra signs deal to buy Ssangyong
23-11-2010 22:27
Indian carmaker Mahindra and Mahindra Tuesday signed a deal to buy a controlling stake in South Korean auto maker Ssangyong, in a move likely to create a global player in sport utility vehicles.
US stocks slip amid Korea, Ireland concerns
23-11-2010 22:14
US stocks fell Tuesday as traders fretted over a spike in tensions in the Korean peninsula and turmoil in Ireland after its bailout plan.
Asian stocks weighed by Korea firing, eurozone, China
23-11-2010 22:07
Asian stocks slumped on Tuesday unnerved by the eurozone debt crisis, firing on the Korean peninsula and expectations that China will take further steps to rein in inflation.
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