Foreigners selling of S Korean stocks tops in Asia

Monday, July 14th, 2008

The South Korean stock market faced the greatest exodus of foreign capital in Asia in the first half of 2008 as foreign investors' worries over a global credit crunch and cost-push inflation deepens, the Korea Exchange (KRX) said Monday. ...

S Korea makes foreign banks overseas borrowing easier

Monday, July 14th, 2008

South Korea plans to ease rules on borrowing by local branches of foreign banks from their oversea parent companies from this year to attract more foreign currency and boost the won, the Ministry of Strategy and Finance said Monday. ...

Vietnam to hold more open talks with foreign investors

Monday, July 14th, 2008

The Vietnamese Ministry of Planning and Investment (MPI) is to hold regular open talks with foreign investors to accelerate foreign director investment disbursement, the Vietnam Investment Review reported here Monday. Phan Huu Thang ...

PetroCaribe members receive 59 million barrels of oil since 2005

Monday, July 14th, 2008

The member states of PetroCaribe have received 59 million barrels of oil and a fund of 921 million U.S. dollars since it was created in 2005, Venezuelan authorities said Sunday. The construction of eight companies worth 552 million ...

EU resumes fishery imports from Uruguay

Monday, July 14th, 2008

The European Union (EU) resumed fish imports from Uruguay Sunday after several months of suspension, Uruguayan authorities said. Daniel Montiel, director of the Uruguay's National Direction of Aquatic Resources (Dinara), told the pr ...

Dollar at mid-106 yen level in Tokyo

Monday, July 14th, 2008

The U.S. dollar edged up to the mid-106 yen level early Monday in Tokyo. At 9 a.m., the dollar traded at 106.55-60 yen, against 106.25-35 yen in New York and 107.20-21 yen in Tokyo at 5 p.m. Friday. The euro was quoted ...

Tokyo stocks open slightly lower

Monday, July 14th, 2008

Tokyo stocks opened slightly lower Monday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 19.70 points, or 0.15 percent, to 13,019.99 from Friday. The broader Topix index of all First Section iss ...

Yahoo rejects joint Icahn-Microsoft proposal

Monday, July 14th, 2008

A joint proposal by Microsoft and activist investor Carl C. Icahn to buy out Yahoo has been rejected. In a statement issued Saturday night, Yahoo said it had rejected the proposal which was substantially similar to a previous offer ...