SOUTH KOREA

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StanChart makes record profit, weathers India slump

Asia-focused bank Standard Chartered reported a record-beating 17 percent rise in first-half profits on Wednesday as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.

StanChart pretax profit up 17 percent, beats forecasts

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Asia-focused Standard Chartered Bank Plc reported a market-beating 17 percent rise in first-half pretax profit on Wednesday, helped by strong growth in some key markets such as Hong Kong, keeping it on track for another year of record profits.
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S&P says markets have discounted possible U.S. downgrade

A senior official at rating agency Standard & Poor's said on Wednesday that global markets have already discounted a possible U.S. ratings downgrade, and that Asian nations' ratings were generally on an uptrend despite global economic woes.
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Japan sees further expansion of China maritime activities

Japan expects China to further expand its maritime activities in the South China Sea and the Pacific, its annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
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Toyota cautious after quake drags first-quarter to loss

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals.
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Toyota cautious on forecast after quake hits results

Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.
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Toyota lifts forecasts, posts loss on quake and yen

Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
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Bank of Korea buys gold as dollar, euro lose clout

South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
The Bank of Korea governor Kim answers a reporter's question during a news conference after a rate setting meeting at the bank's headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Gold steady below record; debt talks eyed

Gold flat after South Korea buy

Gold was flat in early trade on Tuesday, supported by the gold purchase by South Korea's central bank, while investors watched the outcome of a vote on the debt deal.
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Samsung to halt tablet sales in Australia: report

Samsung Electronics has agreed to halt sales of the newest version of its Galaxy tablet in Australia until a patent lawsuit brought by Apple Inc in the country is resolved, Bloomberg reported on Monday.
A North Korean soldier holds a red flag as he walks on the banks of Yalu River near the North Korean town of Sinuiju, opposite the Chinese border city of Dandong

North Korea says agrees more U.S. talks

Isolated North Korea said on Monday it had agreed to further dialogue with the United States, and repeated it was willing to resume regional nuclear disarmament talks at an early date, without preconditions.
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Swimming-World championship medallists

Collated medallists after the eighth day of pool competition on day 16 of the world swimming championships in Shanghai on Sunday (* indicates medal winners on Sunday):
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Swimming-Sun Set to Sizzle Again in Shanghai Finale

China's Sun Yang could provide the perfect finale for the host country when he swims in the final of the men's 1500 metres freestyle on Sunday, the last individual men's event of the world swimming championships.
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U.S. court will not reconsider Rambus rulings

A U.S. appeals court will not reconsider rulings that chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits, according to court records.

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