Korea News
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Updated 20 minutes ago
Apple Inc.’s iPhone lost ground to Samsung Electronics Co. and Google Inc.’s Motorola in an annual study measuring the satisfaction of consumers, following a sales slowdown for the pioneering smartphone.
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Updated 45 minutes ago
The yen weakened against the dollar, reversing its biggest gain this month, after Japanese Economy Minister Akira Amari backed away from weekend comments that prompted the currency to rally.
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Updated 45 minutes ago
Emerging-market stocks declined, with a gauge of financial shares falling for the first time in six days, after Goldman Sachs Group Inc. was said to have sold its stake in Industrial & Commercial Bank of China Ltd.
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Updated 2 hours, 52 minutes ago
EdX, the online education consortium founded by Harvard University and the Massachusetts Institute of Technology, has expanded to add 15 universities, including schools in China, Korea and Japan.
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Updated 46 minutes ago
Asian stocks retreated from the highest level since June 2008 as Australian banks dropped and Industrial & Commercial Bank of China Ltd. fell after Goldman Sachs Group Inc. sold a $1.1 billion stake.
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The yen weakened against its 16 major peers after Japan’s economy minister backed away from comments that prompted the currency to rally. European stocks fell while U.S. equity-index futures were little changed.
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The won rose the most in three weeks on speculation the currency’s slide to a four-week low prompted some South Korean exporters to convert overseas proceeds, while the yen retreated. Government bonds were unchanged.
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Updated 36 minutes ago
China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says.
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Updated 17 minutes ago
President Barack Obama, turning the U.S. strategic focus to Asia, will meet Chinese President Xi Jinping next month in their first face-to-face talks since China’s power transition ended in March.
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Updated 45 minutes ago
North Korea freed a Chinese fishing vessel and its crew after the boat’s owner posted updates on his microblog account saying that he’d been told to pay a 600,000- yuan ($97,800) ransom to win their release.
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