North Korea vowed Tuesday to restore its nuclear facilities and boycott the six-party talks on its atomic weapons program to protest criticism and condemnation from U.N. Security Council for its recent rocket launch.
North Korea said on Tuesday it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium after the United Nations chastised it for launching a long-range rocket.
Cisco Systems Inc plans to set up a research center in South Korea and invest or lend $500 million in the country's technology and telecom sectors, the Korean presidential office said on Tuesday.
Cisco Systems Inc plans to invest or lend about $500 million in telecom operators and technology infrastructure in South Korea over the next five years, the country's presidential office said on Tuesday.
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, but plenty of concerns about the global economy still remain.
Asian shares rose to a six-month high on Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
The Security Council on Monday unanimously condemned North Korea's long-range rocket launch nearly two weeks ago as contravening a U.N. ban, and demanded enforcement of existing sanctions against Pyongyang.
The U.N. Security Council will meet on Monday to approve a statement condemning North Korea's rocket launch and demanding enforcement of existing sanctions against Pyongyang, a Mexican diplomat said.
Ebay shares fell on Monday after analyst downgraded the stock this morning to “sell” from “hold”, due to share loss and gross margin pressure in the current economic downturn.
Japan said it would scrap a punitive import tariff on computer memory chips made by South Korea's Hynix Semiconductor Inc, ending a three-year trade spat between the Asian neighbours.
South Korea on Monday expressed its concern about China's rise as a global economic power in a rare note that said the ascent of its powerful neighbor could harm its own economic growth.
EBay Inc has agreed to buy a controlling stake in South Korean online retailer Gmarket Inc for $413 million, at a 32.5 percent premium, news service eDaily reported on Monday.
A summit of Asian leaders in Thailand was canceled on Saturday after anti-government protesters swarmed into the meeting's venue, renewing doubts about the durability of the government.
Asian equity markets are likely to run out of steam after leading a one-month rally in global stocks, with the full brunt of the deep global recession yet to be fully felt on corporate earnings and balance sheets.
U.S. bank Wells Fargo forecast a record profit, South Korea steered clear of recession, and Chinese export data beat expectations, all offering hope that the worst of the financial crisis had passed.
Southeast Asian nations finalized their contributions Thursday to increase the size of planned foreign exchange pool from $80 billion to $120 billion in order to fight the global financial crisis.
Korean automaker Hyundai Motor Co (005380.KS) is looking at the possibility of adding electric vehicles to its lineup, U.S. Chief Executive John Krafcik said on Thursday.
North Korea re-elected Kim Jong-il as its supreme military leader at its newly seated parliament on Thursday, marking his return to center stage as the country celebrates what it calls a triumphant satellite launch.
Russia opposes new sanctions against North Korea and believes that imposing sanctions would be counterproductive, the Russian foreign minister said Wednesday.
Stronger emerging economies are likely to pull further ahead from weaker peers following the moves by global leaders to augment the lending capacity of the International Monetary Fund.
South Korea's central bank kept interest rates steady for a second month in a row on Thursday and cited signs that the economy was regaining its footing, but said it may still cut rates further from their record lows.
Shouting soldiers at a mass rally on Wednesday celebrated North Korea's defiant launch of a rocket, while Russia's foreign minister said any new punishment for Pyongyang could be counter-productive.
