South Korea Regulators Probe Last-Minute Stock Selloff

Filed under Asia headlines 1 year ago

South Korean financial regulators and the nation’s stock exchange operator are investigating the cause of yesterday’s plunge in the Kospi Index, including sell orders made through Deutsche Bank AG’s local......

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The G-20: Asia’s Central Banks Face a Policy Dilemma

Filed under Asia headlines 1 year ago

As money floods in, Asia's central banks are finding they cannot have free capital flows, controlled currencies, and moderate interest rates at the same......

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Bank of Korea Chief Says Rates are Low

Filed under Asia headlines 1 year ago

Bank of Korea Governor Kim Choong Soo said the nation’s benchmark interest rate is “considerably low,” less than a week before policy makers meet to set borrowing......

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Gome Surges on Deal with Jailed Founder

Filed under Asia headlines 1 year ago

Gome Electrical Appliances Holdings Ltd. rose the most in more than a year in Hong Kong trading after agreeing to appoint its jailed founder’s representatives to the board to end a dispute over control of the......

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Asian Currencies Climb Before G-20

Filed under Asia headlines 1 year ago

Asian currencies rose, led by South Korea’s won and Taiwan’s dollar, on speculation a pickup in yuan appreciation will make regional central banks more tolerant of......

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No Agreement Yet on Korea Trade Deal

Filed under Asia headlines 1 year ago

Presidents Obama and Lee fail to reach agreement, with talks set to resume following the G-20 summit in......

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Alibaba Profit Beats Estimates on Customer Spending

Filed under Asia headlines 1 year ago

Alibaba.com Ltd., operator of China’s biggest online-commerce site for businesses, said third- quarter profit rose 55 percent as customers paid for more advertising and trade-related services to market their......

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Microsoft Finds New China Partner

Filed under Asia headlines 1 year ago

In a challenge to industry leader Tencent, Microsoft's China venture will team up with portal Sina to offer instant messaging and other......

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Asian Stocks Fall as Banks Decline Ahead of G20, China Drops

Filed under Asia headlines 1 year ago

Asian stocks fell as banks dropped following a report Group of 20 ministers may not exempt Asian lenders from stricter capital requirements, while Chinese shares declined as inflation fueled speculation the country will raise......

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Mizuho Financial Said to Buy BlackRock Stake for $500 Million

Filed under Asia headlines 1 year ago

Mizuho Financial Group Inc., Japan’s third-biggest bank, agreed to buy a 2 percent stake in BlackRock Inc. for $500 million, including shares sold by Bank of America Corp., according to two people briefed on the......

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Japan Air Said to Hire Daiwa to Advise on Stake Sale

Filed under Asia headlines 1 year ago

Japan Airlines Corp. plans to hire Daiwa Securities Group Inc. to help the bankrupt carrier raise about 50 billion yen ($608 million) of extra capital, two people with knowledge of the matter......

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Hong Kong H-Shares Fall After Goldman Advises China Stocks Exit

Filed under Asia headlines 1 year ago

China’s Hong Kong-listed shares fell after Goldman Sachs Group Inc. recommended clients exit a bet the stocks will gain, citing concern the central bank will raise borrowing costs to tame......

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Nissan recalls 600,000 vehicles

Filed under Asia headlines 1 year ago

[AP] - Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable......

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