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January 16, 2021

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EMERGING MARKETS-Asian currencies fall as greenback rebounds, Malaysia stocks underperform

Reuters
* Philippine shares hit near 1-year high * Indonesia shares touch Sept 2019 high * Malaysia stocks fall ahead of COVID-19 curbs announcement Jan 11 (Reuters) - Asia's emerging currencies eased against the dollar, underpinned by a rise in U.S. Treasury yields, while Malaysian shares underperformed other regional stock markets......

Iran tells South Korea not to politicise seized vessel, demands release of funds

Reuters
A South Korean-flagged tanker vessel which was seized by Iran’s Revolutionary Guards is seen in Gulf waters, Iran January 4, 2021. Picture taken January 4, 2021. IRGC/WANA (West Asia News Agency) via REUTERS DUBAI (Reuters) – Iran said on Sunday that South Korea should avoid politicising the seizure of its......

In early Apple talks, Hyundai keeps mum on electric vehicle tieup report

Reuters
By Heekyong Yang, Hyunjoo Jin SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Friday it was in early talks with Apple after a domestic broadcaster said the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%. FILE PHOTO: The Apple Inc logo is......

South Korea court orders Japan to compensate ‘comfort women’ victims

Reuters
SEOUL (Reuters) – A South Korean court ordered Japan on Friday to compensate 12 women who were forced to work in wartime Japanese brothels, in a ruling that could rekindle diplomatic and history feuds between the two countries. FILE PHOTO: Japan’s new Chief of Cabinet Secretary Katsunobu Kato leaves after......

Samsung Elec flags fourth quarter profit rise on chip, display sales

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels. FILE PHOTO: The logo of Samsung Electronics is seen at its office......

Hyundai Motor says it is in early talks with Apple, shares surge 24%

Reuters
SEOUL/SAN FRANCISCO (Reuters) – Hyundai Motor Co said it in was in early discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai’s shares surging 24%. “Apple and Hyundai are in discussions but they are at......

South Korea rolls out mass testing for 70,000 prisoners and staff

Reuters
People cast their shadows on a snow-covered field while taking a walk amid the coronavirus disease (COVID-19) pandemic at a park in Chuncheon, South Korea, January 5, 2021. Yonhap via REUTERS SEOUL (Reuters) – South Korea rolled out mass testing for 52 prisons in the country after a massive prison......

EMERGING MARKETS-Most Asian currencies subdued, Taiwan dollar firms 1.6%

Reuters
Jan 6 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0212 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 102.770 102.72 -0.05 Sing dlr 1.319 1.3176 -0.08 Taiwan dlr 27.953 28.402 +1.61 Korean won 1087.500 1087.6 +0.01 Baht......

Asian shares fall amid uncertainty about Georgia senate runoff

Reuters
TOKYO (Reuters) – Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden’s economic policies. TV camera men wait for the opening of market in front of a large screen showing stock prices at the......

Hyundai Motor reports 2020 global sales of 3.74 million vehicles

Reuters
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday its 2020 global sales were 3.74 million vehicles, missing its target......

Samsung to launch its newest Galaxy smartphones on Jan. 14, earlier than usual

CNBC
CNBC – For more and to sign up click here An advertisement for Samsung Electronics Co. Galaxy smartphones is displayed atop a building in the company’s mobile business factory in Gumi, South Korea, on Sunday, April 5, 2020. SeongJoon Cho | Bloomberg | Getty Images SINGAPORE — Samsung said Monday......

Divers in ‘Hanbok’ send New Year greetings from underwater at South Korean aquarium

Reuters
SEOUL (Reuters) – Dressed in South Korea’s traditional costume ‘Hanbok’, two divers at a Seoul aquarium make New Year bows to visitors from underwater. Under mysterious yellow and blue lights in the country’s largest 2,200-ton water tank, which holds 650 species of marine life, the divers swam alongside stingrays, sharks......

South Korea reports 657 new daily COVID cases, fewest in nearly 4 weeks

Reuters
FILE PHOTO: A man reads a book while waiting in a line to undergo coronavirus disease (COVID-19) test at a coronavirus testing site which is temporarily set up in front of a railway station on Christmas day in Seoul, South Korea, December 25, 2020. REUTERS/Kim Hong-Ji/Files SEOUL (Reuters) – South......

S.Korea extends coronavirus social distancing in Seoul region

Reuters
FILE PHOTO: People wait in a line to undergo coronavirus disease (COVID-19) test at a coronavirus testing site which is temporarily set up in front of a railway station on Christmas day in Seoul, South Korea, December 25, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea will extend unprecedented social......

North Korea prepares for major party congress amid growing challenges

Reuters
North Korean leader Kim Jong Un attends a meeting of the Political Bureau of the 7th Central Committee of the Workers Party in Pyongyang, in this undated photo supplied by North Korea’s Korean Central News Agency (KCNA) on December 30, 2020. KCNA/via REUTERS SEOUL (Reuters) – North Korean leader Kim......

South Korea reports record daily death toll from COVID-19

Reuters
FILE PHOTO: Workers wearing protective gear disinfect an arrival gate as an electronic board shows arrivals’ information amid the coronavirus disease (COVID-19) pandemic at the Incheon International Airport in Incheon, South Korea, December 28, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea on Tuesday reported 40 new coronavirus deaths, a......

South Korea makes unit sale condition for Delivery Hero’s $4 billion Woowa deal

Reuters
SEOUL (Reuters) – South Korea’s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a $4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country’s food delivery market. FILE PHOTO: The Delivery Hero headquarters are pictured......

South Korea sets highest daily coronavirus toll, struggles to contain latest surge

Reuters
FILE PHOTO: A woman hands her coronavirus disease (COVID-19) test kit over to a medical worker after underwent the test at a coronavirus testing site which is temporarily set up in front of a railway station in Seoul, South Korea, December 21, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s......

What you need to know about the coronavirus right now

Reuters
(Reuters) – Here’s what you need to know about the coronavirus right now: A nurse prepares a syringe with the COVID-19 Moderna vaccine for a worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS), amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough......

Breakingviews – 5G will zoom from myth to mass-market reality

Reuters
A sign of 5G is seen in Pudong district in Shanghai, China April 25, 2019. LONDON (Reuters Breakingviews) – 5G has had an inauspicious start to life. Though politicians have spent years debating security risks associated with suppliers of the high-speed mobile technology, few people have used it. Conspiracy theorists......

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