Peter Beck News
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Park Geun Hye was elected president of South Korea, becoming the first woman to lead Asia’s fourth- biggest economy more than 30 years after her father’s rule as dictator ended with his assassination.
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The Indian parliament’s lower house approved changes to banking laws, raising a cap on voting rights and giving more regulatory power to the Reserve Bank of India in a move that may attract investment to the industry.
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Asia Foundation Korea Representative Peter Beck comments on South Korea’s presidential election in an interview with Bloomberg Television today.
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U.S. regulators revoked the registration of Toronto-based brokerage Biremis Corp. and barred its founders from the securities industry for failing to supervise traders who engaged in a manipulative practice.
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U.S. stock, bond and commodity markets will open as usual today after Manhattan was spared the worst of Hurricane Irene, avoiding the first shutdown due to weather since 1985.
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Fannie Mae and Freddie Mac won’t forgive principal on delinquent mortgages they guarantee even as the U.S. Treasury Department is offering incentive payments for writedowns, the companies’ regulator said.
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Peter Beck, Korea representative of the Asia Foundation in Seoul, comments after North Korea failed to launch a rocket today:
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The president of defunct trading firm Swift Trade Inc. failed in a bid to stop the U.K. Financial Services Authority from publishing details of an 8 million-pound ($13 million) market abuse fine.
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Frustration reigns as North Korea acts like a 2-year-old having an epic tantrum.
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Harrison David, one of five Columbia University students arrested on drug charges in December, was sentenced to six months in jail and five years of probation yesterday.
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