New Frontier News
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One of the first things Dan Akerson did as chief executive officer of General Motors Co. in 2010 was dive into the automaker’s telecommunications business to get more profit from that in-car connection.
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The Bank of Korea cut interest rates, following the lead of policy makers in Australia, Europe and India this month, as strength in the won and weakness in the yen dim the outlook for the nation’s exports.
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South Korean stocks rose, driving the benchmark index to a five-week high, after the Bank of Korea joined central banks in Australia, Europe and India in cutting interest rates this month to boost growth.
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South Korea’s won snapped a four-day rally to slide the most in three weeks as the central bank unexpectedly cut borrowing costs. Government bonds gained.
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South Korea’s won traded near a two- month high as data from China to German showed the global economy is recovering, boosting demand for emerging-market assets. Bonds rose before the central bank’s policy review.
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North Korea’s threats are raising the odds of the first interest-rate cut by its southern neighbor since October as they threaten to damp business and consumer sentiment in Asia’s fourth-largest economy.
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The life of Park Geun Hye, South Korea’s just-inaugurated first female president, has so far been bookended by two larger-than-life men of debatable success.
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T-Hrvatski Telekom d.d., a unit of Deutsche Telekom AG, and Austria’s New Frontier Group are competing to acquire a majority stake in IN2, Croatia’s largest software company, Poslovni Dnevnik reported, citing Ante Mandic, the head of the Zagreb-based software manufacturer.
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South Korea’s government is signaling that the central bank needs to overcome its reluctance to cut interest rates, putting pressure on policy makers ahead of a decision due in one week.
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Viewed from Seoul or Tokyo, the U.S.’s obsession with Iran looks unbalanced.
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