South Korea
U.S. court ends Pemex bribery case against Siemens, SK Engineering
- A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG and a South Korean company that claimed the defendants bribed Pemex officials to secure oil refinery projects in Mexico.
U.S. court ends Pemex bribery case against Siemens, SK Engineering
- A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG and a South Korean company that claimed the defendants bribed Pemex officials to secure oil refinery projects in Mexico.
South Korea court rules against Mitsubishi Heavy on forced labor
BUSAN, South Korea - A South Korean court ordered Japan's Mitsubishi Heavy Industries Ltd to pay a total of 400 million won ($360,200) in compensation to five South Koreans for forced labor during Japan's colonial rule in the second such ruling this month.
South Korea court rules against Mitsubishi Heavy on forced labour
BUSAN, South Korea - A South Korean court ordered Japan's Mitsubishi Heavy Industries Ltd to pay a total of 400 million won ($360,200) in compensation to five South Koreans for forced labour during Japan's colonial rule in the second such ruling this month.
GM to debut new Spark in 2015, delays Aveo launch: Korean union
SEOUL - General Motors Co plans to launch its next-generation Chevrolet Spark mini car in the first half of 2015, but will delay the launch of its revamped Aveo small car to 2016, a South Korean labor union spokesman said on Tuesday.
GM's South Korean workers OK wage deal after strike hits output
SEOUL - General Motors' South Korean workers have approved an annual wage deal, ending 13 days of partial strikes at the base where the U.S. automaker produces more than 40 percent of its Chevy-branded cars, a union spokesman said on Friday.
South Korea reopens bidding for stalled fighter jet competition
SEOUL - South Korea said on Thursday it would hold a new round of bidding next month for its 8.3 trillion won ($7.43 billion) purchase of 60 next generation fighter jets, suspended after bids exceeded the budget.
U.S. opens probe into steel pipe imports from nine countries
WASHINGTON - The U.S. Commerce Department on Tuesday launched one of its biggest trade investigations in years into charges that manufacturers in South Korea, India and seven other countries are selling steel pipe used by oil and natural gas producers at unfairly low prices in the United States.
China hits U.S., South Korea with solar material duties, skirts EU decision
BEIJING - China's Commerce Ministry issued preliminary anti-dumping duties on imports of U.S. and South Korean solar-grade polysilicon on Thursday, but made no decision on tariffs on European Union exports of the raw material used to make solar panels.
Asian economies struggling to reignite growth while exports sag
BANGALORE - Emerging Asia will show little increase in economic growth rates this year due to weak exports, with China giving more priority to making needed reforms, and India tightening policies to defend its beleaguered rupee, Reuters polls showed on Thursday.
Italy's top court confirms Berlusconi prison sentence
ROME - Italy's supreme court on Thursday upheld a jail sentence against Silvio Berlusconi for tax fraud in a devastating blow to the former prime minister that could throw the country's fragile coalition government into crisis.
Ethiopia and Eritrea: An elusive peace on the cards?
Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.


