Tuesday 21 May 2013
 
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Crude rallies after Israel hits Syrian targets

Crude futures rallied in Asia early on Monday due to geopolitical tensions in the oil-producing Middle East after Israel carried out a second air strike in Syria. The rally extended gains from better-than-expected job growth in th

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SKorea, North to hold joint industrial zone talks

South Korea said on Thursday it was proposing formal talks with North Korea to discuss restarting work at a joint factory zone located north of the rivals' heavily armed border that was suspended in early April amid growing security tensions

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US rejects NKorea demand for nuclear status

North Korea insisted on Tuesday that it be recognised as a nuclear weapons state, a demand the United States promptly dismissed as "neither realistic nor acceptable". After weeks of tension on the Korean peninsula, inclu

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NKorea demands recognition as nuclear state

North Korea demanded on Tuesday that it be recognised as a nuclear weapons state, rejecting a US condition that it agree to give up its nuclear arms programme before talks can begin. After weeks of tension on the Korean peninsula,

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NKorea ‘will not give up nuclear arms’

North Korea reiterated on Saturday that it would not give up its nuclear weapons, rejecting a US condition for talks although it said it was willing to discuss disarmament. North Korea, in a sign of a possible end to weeks of heig

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Hyundai unveils China-only concept car

Hyundai Motor Company unveiled a new concept car it made only for China at the Shanghai auto show, and plans to launch the model late this year into a market that is replacing the US and Europe as a major growth driver for the company and its af

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Samsung eyes $7.7bn Q1 profit

South Korea's Samsung Electronics said yesterday it expected a sharp increase in first-quarter operating profit to 8.7 trillion won ($7.7 billion), up 52.9 per cent from the first three months of 2012. Samsung, the world's

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North Korea ‘positions missiles on east coast’

North Korea has placed two of its intermediate range missiles on mobile launchers and hidden them on the east coast of the country, South Korea's Yonhap news agency reported on Friday, citing intelligence sources in South Korea.

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South Korea elects first woman president

  The daughter of a former military ruler won South Korea's presidential election on Wednesday and will become the country's first female leader, saying she would work to heal a divided society.  

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STX wins $150m order from Iraqi government

STX Heavy Industries Company, the industrial plant business unit of South Korea's STX Group, said on Sunday it has obtained a $150 million order to construct and operate a power plant in Iraq. Under the turnkey contract signed

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