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Posts Tagged ‘South Korea’

Aug 12: City Developments, CSE Global, SingTel

August 12th, 2010 | No Comments

The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index dropped 1.2% to 2,949.26.

Shipping companies: The Baltic Dry Index of commodity- shipping rates rose 7.5% in London yesterday, its biggest advance since June 2, 2009. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, dipped 1.9% $1.54. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 0.7% to $13.78. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, fell 1.9% to 26.5 cents.

Pardons for corporate criminals in South Korea : Pardon me?

July 29th, 2010 | No Comments

Freeing fat-cat felons creates moral hazard, Koreans fear

ON AUGUST 15th Korea celebrates its liberation from brutal Japanese rule. For South Koreans languishing in prison it is an especially joyful day, since many of them are freed. Every year thousands of criminals, big and small, receive a presidential pardon. Some citizens worry, however, that pardons are disproportionately granted to the rich and influential.

Last December, for example, Lee Kun-hee, the chairman of Samsung Electronics and reputedly the country’s richest man, had his conviction for tax evasion expunged. This will make it easier for him to promote South Korea’s bid to host the 2018 Winter Olympics. In August 2008 Kim Seung-youn, head of the Hanwha conglomerate, was pardoned. His crime involved beating some bar workers who had attacked his son. When he grew tired, he admitted in court, he let his bodyguards take over. …

Angelina Jolie concerned about the people of North Korea

July 29th, 2010 | No Comments

Angelina Jolie has expressed her concern about the people of North Korea, especially about the harassment, which the traitors face when, they are sent back to the country. Jolie was in Seoul to promote her latest action thriller,â€˜Saltâ€™, which opens with a scene that takes place in a North Korean prison. The Hollywood actress, who [...]

Large-scale war games begin off Korean coast

July 25th, 2010 | No Comments

A large four-day exercise involving U.S and South Korea forces is under way in the Sea of Japan. It comes in response to the sinking of a South Korean warship, the Cheonan, four months ago. An international investigation blamed a North Korean torpedo attack for the incident.

Funding for nuclear fusion: Expensive Iteration

July 22nd, 2010 | No Comments

A huge international fusion-reactor project faces funding difficulties

VIABLE nuclear fusion has been only 30 years away since the idea was first mooted in the 1950s. Its latest three-decade incarnation is ITER, a joint effort by the European Union (EU), America, China, India, Japan, Russia and South Korea to construct a prototype reactor on a site in Cadarache, France, by 2018. If all goes to plan, in about 30 years it will be reliably producing more energy than is put in.

The International Thermonuclear Experimental Reactor became plain ITER following public anxiety about anything that has “thermonuclear” next to “experimental” in its name. ITER aims to produce energy by fusing together the nuclei of hydrogen atoms, confined in a magnetic field at high temperatures—a process akin to that which powers the sun. …

North Korea angered at U.S. war games

July 22nd, 2010 | No Comments

The U.S. and South Korea’s plans to hold joint military exercises pose a major danger to the region, Pyongyang says. Some 20 ships and submarines and 100 aircraft are to take part in four days of manoeuvres in the Sea of Japan (East Sea) from Sunday.

NOL orders 12 new container ships for $1.7b

July 21st, 2010 | No Comments

Global shipping and logistics company NOL Group today announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014. It has also signed a letter of intent for two 10,700-TEU vessels. The total consideration is US$1.2 billion ($1.65 billion).

The ships will be constructed by South Korea-based Daewoo Shipbuilding & Marine Engineering Co. The two organisations signed a contract for construction of the 8,400-TEU vessels in a formal ceremony today.

NOL said it is investing in new vessels to meet future growth needs and to replace vessels with charter agreements that will expire in the next few years.

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DBS +1.4%; Has most to gain when rates rise, says UOB

July 12th, 2010 | No Comments

DBS (D05.SG) is up 1.4% at $14.44 in anticipation of higher Sibor as recent rate hikes by Malaysia, South Korea central banks underpin expectations economies generally now on firmer footing, ready to increase borrowing costs, according to Dow Jones.

â€œAvatarâ€ Re-Release August 2010

July 8th, 2010 | No Comments

Avatar’s on its way back to the big screen — and it’s eight minutes longer — will you watch it again? On Thursday, 20th Century FOX announced that James Cameron’s record-breaking fantasy epic Avatar will be re-released in theaters at the end of next month.“Since – and largely as of result of – Avatar’s release [...]

Carmakers and trade deals: One-way street

July 8th, 2010 | No Comments

Europe’s carmakers fear the results of a free-trade agreement with South Korea

IN THE next few months European Union governments will have to decide whether to ratify a free-trade agreement (FTA) with South Korea that is described by the EU’s external-trade directorate as “one of the most ambitious and complete deals” it has ever signed. The agreement would eliminate import duties on nearly all products and prepare the way for rapid liberalisation of trade in services. However, the FTA, which took many rounds of tough negotiations, is also deeply controversial.

Although the estimates of the deal’s overall economic benefit to the EU are tiny (up to 0.08% of extra GDP, according to the European Commission) and are not that large even for the Koreans (0.84%), the deal is regarded by both sides as a template for others they would like to do as an alternative to progress at the stalled Doha round of world trade talks. A similar FTA between South Korea and America was signed by the Bush administration three years ago but Congress has failed to ratify it and shows few signs of doing so. …

Singapore expresses interest to buy Indonesia LNG, BPMigas says

July 8th, 2010 | No Comments

Singapore has expressed its interest to buy liquefied natural gas from Indonesia, Budi Indianto, deputy chairman of Indonesia’s oil and gas regulator BPMigas said in Jakarta today.

Indonesia also plans to sell 20 cargoes of LNG to the spot market following low demand from Japan, Taiwan and South Korea, Indianto said.

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July 8: CapitaMalls Asia, JES, SPH

July 8th, 2010 | No Comments

The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index fell 0.2% to 2,861.03.

Shipping companies: The Baltic Dry Index, which measures the cost of transporting commodities, dropped 5.1% in London yesterday, taking its 29-day loss to 52%. That’s the gauge’s longest losing streak since June 2004.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, dropped 2% to $1.45. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, gained 0.9% to $12.90. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, fell 1.9% to 26.5 cents.

Intelligence tested

July 2nd, 2010 | No Comments

Infectious disease may explain why some countries have cleverer populations

HUMAN intelligence is higher, on average, in some places than in others. And researchers at the University of New Mexico have come up with an explanation, published in the Proceedings of the Royal Society. Comparing the average IQ in a particular country with its disease burden (based on the reduction in life expectancy caused by 28 infectious diseases) reveals a striking correlation. At the bottom of the IQ list is Equatorial Guinea, followed by St Lucia, with Cameroon, Mozambique and Gabon tied for third last. These countries also have among the highest burdens of infectious diseases. At the opposite end of the scale, Singapore, South Korea, China and Japan show the highest intelligence scores and relatively low levels of disease. America, Britain and a number of European countries also place in the top left-hand corner of the chart. For more on this, see article.

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Prime minister meets with Korean officials

June 30th, 2010 | No Comments

Serbian Prime Minister Mirko CvetkoviÄ‡ on Wednesday ended his visit to South Korea by meeting with Korean parliament speaker Park Hee-tae. They concluded that the visit will contribute to the promotion of the overall cooperation between Serbia and Korea in political and economic areas.

Premier starts visit to South Korea

June 28th, 2010 | No Comments

Serbian Prime Minister Mirko CvetkoviÄ‡ will arrive in Seoul today for a two-day visit to South Korea.
CvetkoviÄ‡ has previously visited China, where mutual political support and further strengthening of the economic cooperation were underscored during his meetings with Chinese Prime Minister Wen Jiabao and Chairman of the National People’s Congress Wu Bangguo.

WC: Ghana beat U.S., will face Uruguay in quarterfinals

June 27th, 2010 | No Comments

An African team will play in the World Cup quarterfinals. Ghana beat the United States 2-1 after extra time, securing a place against Uruguay in the next round. Uruguay beat South Korea 2-1 earlier on Saturday.

Asamoah Gyan’s left-footed volley came just moments into extra-time for Ghana, and it eventually secured the last African team in the competition a spot in the quarterfinals.

Serbian PM visits China and S. Korea

June 23rd, 2010 | No Comments

Prime Minister Mirko CvetkoviÄ‡ departed on Wednesday for a four-day working visit to the People’s Republic of China and South Korea. There, he will meet with the country’s highest state officials and businessmen to discuss improvements in relations and possibilities for investing in Serbia.

Argentina, South Korea through to last 16

June 23rd, 2010 | No Comments

Argentina beat Greece 2-0 on Tuesday to progress to the last 16 in the World Cup held in South Africa. Also in Group B, South Korea drew 2-2 against Nigeria and qualified for the next round.

Asian Sovereign Wealth Funds invest in Chesapeake

June 22nd, 2010 | No Comments

Sovereign wealth funds from China, Singapore and South Korea and two private-equity firms agreed to invest US$900 million ($1.2 billion) in Chesapeake Energy Corp., the third-largest natural-gas producer in the US.

The investors bought the Oklahoma City-based gas company’s 5.75% convertible preferred stock on June 18, Chesapeake said yesterday in a statement, without giving details of the individual stakes. South Korea’s $30 billion sovereign wealth fund said yesterday it will spend US$200 million.

June 22: NOL, Wilmar, Yangzijiang, Sembcorp, Sound Global, Mermaid Maritime

June 22nd, 2010 | No Comments

Singapore’s benchmark Straits Times Index gained 1.84% on Monday to 2,885.64 points. The Singapore market will likely lose ground after US stocks succumbed to late-day selling on Monday as hopes China’s newfound dedication to yuan flexibility turned to doubts about the speed and magnitude of Beijing’s intentions.

Shipping companies: The Baltic Dry Index, which measures the cost of transporting commodities, fell 3.5% in London yesterday, taking it 17-day loss to 38%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, climbed 4% to $1.55. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, gained 3.7% to 28 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 3.3% to $13.36. The company said it plans to invest 165.9 billion won ($189 million) to build bulk carriers.

Posts Tagged ‘South Korea’

Aug 12: City Developments, CSE Global, SingTel

Pardons for corporate criminals in South Korea : Pardon me?

Angelina Jolie concerned about the people of North Korea

Large-scale war games begin off Korean coast

Funding for nuclear fusion: Expensive Iteration

North Korea angered at U.S. war games

NOL orders 12 new container ships for $1.7b

DBS +1.4%; Has most to gain when rates rise, says UOB

â€œAvatarâ€ Re-Release August 2010

Carmakers and trade deals: One-way street

Singapore expresses interest to buy Indonesia LNG, BPMigas says

July 8: CapitaMalls Asia, JES, SPH

Intelligence tested

Prime minister meets with Korean officials

Premier starts visit to South Korea

WC: Ghana beat U.S., will face Uruguay in quarterfinals

Serbian PM visits China and S. Korea

Argentina, South Korea through to last 16

Asian Sovereign Wealth Funds invest in Chesapeake

June 22: NOL, Wilmar, Yangzijiang, Sembcorp, Sound Global, Mermaid Maritime

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