Top China steelmaker Baosteel is weighing a bid to counter BHP Billiton's $125 billion takeover offer for Rio Tinto Group Baosteel Chairman Xu Lejiang told a Chinese business newspaper.
World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
Asian stock markets mostly rose on Monday as financial shares extended gains on hopes of further U.S. interest rate cuts, but some technology stocks eased after Dell Inc's disappointing outlook.
Officials in South Korea said that the death of a man, found with a burnt cell phone in his chest-pocket, was really a victim of accidental vehicular homicide.
American International Group is interested in expanding into consumer finance in South Korea and may buy Korean companies to grow its businesses, the head of its Korean life insurance unit said on Thursday.
Hyundai Mobis Co said on Thursday China would account for half of its international unit's sales within five years, rising from the current 10 percent.
South Korea's Samsung Electronics said on Wednesday oversupply of memory chips used in personal computers was expected to ease in 2008 as growing demand for portable gadgets prompts a shift in production to flash chips.
A former top legal executive at Samsung Group on Monday made fresh accusations against the country's largest conglomerate, saying it had used subsidiaries to help create a 200 billion won ($215.8 million) slush fund.
South Korea's parliament voted on Friday to allow an independent counsel investigate the Samsung Group after a former top legal executive accused the country's largest conglomerate of bribing public officials.
The South Korean won's recent weakening against the U.S. dollar is seen as a natural phenomenon in line with globally-increased risk aversion, Vice Finance Minister Lim Young-rok said on Friday.
North and South Korea on Friday agreed more massive projects to help rebuild the North's broken economy, including freight train services over their heavily armed border that had been severed since the 1950-53 Korea War.
Citibank will aggressively consider launching a holding company in South Korea, in line with revised local laws, and will expand distribution channels to grow its market share, the head of its Korean unit said on Thursday.
Prime ministers from the two Koreas met on Wednesday for the first time in 15 years to discuss details of a massive aid package to help rebuild the impoverished North's infrastructure.
Asian stocks sank on Monday with Tokyo's Nikkei hitting its lowest level in about 15 months as investors dumped Japanese exporters on the back of a surge in the yen to an 18-month high versus the dollar.
North Korea still poses a military threat even if the reclusive state has started to roll back its nuclear arms program, South Korea's defense minister said on Wednesday.
North Korea's first steps to roll back a nuclear arms program launched about 40 years ago are going well, a U.S. official said on Tuesday after visiting the North's plutonium-producing atomic complex.
A former Samsung Group legal executive went on live television on Monday to accuse South Korea's biggest conglomerate of operating huge slush funds to bribe prosecutors and officials.
Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.
Japan's Casio Computer Co Ltd said it planned to launch W-CDMA cell phones in Japan sometime during the six months from October 2008 to March 2009, reaching out for a wider range of potential customers.
Hyundai Motor KS, South Korea's top auto maker, plans to boost struggling China and U.S. sales with another factory and new models but investors reacted with skepticism, sending its shares down almost 5 percent.
A team of U.S. experts is heading to North Korea to help ready steps to disable a key nuclear complex, senior U.S. envoy Christopher Hill said in Beijing, where he was due to meet his Pyongyang counterpart.
The dollar touched an all-time low against the euro on Wednesday, while Asian stock markets marked time as many investors sat on the sidelines ahead of a widely expected interest rate cut by the U.S. Federal Reserve.
