Fast Daewoo News

TOKYO — Japanese automaker Suzuki plans to unveil a concept version of a new midsize sedan at the 2007 Frankfurt Auto Show in September. The company plans to begin building the sedan in early 2009 for global markets.

SEOUL, Aug 9 (Reuters) - Seoul shares gave up early gains to trade flat by late Thursday morning after the Bank of Korea unexpectedly raised its overnight call rate target for the second straight month, weighing on brokerage shares.

TOKYO — Japanese automaker Suzuki plans to unveil a concept version of a new midsize sedan at the 2007 Frankfurt Auto Show in September. The company plans to begin building the sedan in early 2009 for global markets.

Softbank said Wednesday that quarterly net profit climbed almost 18-fold after a one-time gain and as it signed up new users to its cellphone service.

South Korea's Daewoo Shipbuilding and Marine Engineering and Mexico's Industrial Perforadora de Campeche have signed an agreement to build a semisubmersible to be used for deepwater drilling, Mexican newspaper Reforma reported.

If there is one thing that has become the defining feature of everyday life in Baghdad, it is the checkpoint. They may be a familiar sight in other regional states where tensions run high, such as Lebanon, Saudi Arabia and Turkey, but checkpoints are nowhere as important as in Baghdad.

MOSCOW, Aug 8 (Reuters) - Sales of foreign car brands in Russia rose by 54 percent in July to 141,931 units, figures compiled by the Association of European Businesses in the Russian Federation (AEB) showed on Wednesday.

Cathay Pacific Airways (SEHK:0293) today announced a profit attributable to shareholders of HK$2,581 million (US$329 million) in its 2007 interim results, up 54.7 per cent on the HK$1,668 million reported in 2006 and a record for the group.

The Reserve Bank of Australia (RBA) today lifted the official cash rate to 6.50 per cent, from 6.26 per cent. The central bank said a rise in interest rates was required to keep inflation under control and within its target band.

South Korea's economy is unlikely to achieve annual growth rates near seven per cent any time soon, a global credit appraiser said Wednesday, refuting the election pledges of some presidential contenders.

Daewoo Motor Sales Corp., a South Korean car retailer, said Wednesday that it swung to the black in the second quarter of the year on increased sales. Net profit reached 17.3 billion won (US$18.7 million) in the April-June period, compared with a loss of 919 million won a year earlier, the company said in a regulatory filing.

A second summit between the leaders of the two Koreas could help to further reduce tensions on their divided peninsula though no major economic breakthroughs are expected, analysts said Wednesday.

SEOUL (Thomson Financial) - The surprise announcement of fresh inter-Korean summit talks will likely provide another strong boost to the local stock market, even if the major international credit agencies are maintaining a reserved stance on any immediate rating action, analysts said Wednesday.

Transport Daewoo Motor Sales Corp., a South Korean car retailer, said Wednesday that it swung to the black in the second quarter of the year on increased sales.

Daewoo Motor Sales Corp., a South Korean car retailer, said Wednesday that it swung to the black in the second quarter of the year on increased sales.

The Government plans to advance the schedule for its latest cut in auto import tariffs on the advice of the Prime Minister who is concerned with inflation.

Regulations / Law The Government plans to advance the schedule for its latest cut in auto import tariffs on the advice of the Prime Minister who is concerned with inflation.

SEOUL (Thomson Financial) - The Bank of Korea (BoK) is expected to keep its benchmark call rate target for August on hold Thursday as it waits to see how much its previous policy tightening helps to rein in excessive liquidity, analysts and economists said Wednesday..

SEOUL, Aug 8 (Reuters) - Seoul shares rose 1.1 percent on Wednesday as firms in projects with North Korea such as Hyundai Marine surged on news of an inter-Korean summit, while the Federal Reserve's positive view of the U.S. economy lifted exporters.

SEOUL, Aug 8 - South Korean shares rose 1.2 percent on Wednesday after Wall Street gained on the Federal Reserve's positive view on the U.S. economy despite a credit squeeze, led by exporters such as Samsung Electronics.

SEOUL, Aug 8 (Reuters) - Seoul shares could gain on Wednesday after Wall Street rose on the Federal Reserve's view that troubles with subprime mortgages would not drag on the broader economy, potentially lifting exporters like LG Electronics.

More than just automotive enthusiasts were paying attention when leading car and bus assembler Ghabbour Automotive went public last month: The local assembler and retailer giant’s private placement closed seven-times oversubscribed, while buyers asked for 4.5 times more shares than were made available in its public offering.

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VietNamNet Bridge – The news that the Ministry of Finance has lowered the import tax rate on brand new cars to 70% from the current level of 80% has sparked the hope that car prices will go down.

Statistics South Korean shipbuilders secured a record US$33.2 billion worth of orders in the first half of this year, buoyed by a surge in global demand for new vessels, a government report said Tuesday.

South Korean shipbuilders secured a record US$33.2 billion worth of orders in the first half of this year, buoyed by a surge in global demand for new vessels, a government report said Tuesday.

SEOUL (Thomson Financial) - South Korean shares opened sharply higher Tuesday, quickly wiping out losses made in the previous session, as investors took heart from the recovery on Wall Street.

SEOUL (Thomson Financial) - South Korean shares are likely to open higher on Tuesday as investors cheer the recovery in US stocks and a sharp decline in crude oil prices.

The Automobile Craiova privatisation commission requested Ford to improve their financial tender, although the tender was not yet opened, according to a news release issued by the Authority for State Asset Resolution (AVAS) published by Rompres.

6:35 a.m. Aug. 6 (UNION-TRIBUNE): CHULA VISTA: Authorities have identified the victim of a two-car accident on Olympic Parkway near Eastlake Parkway.

BUCHAREST (Thomson Financial) - The Romanian government will adopt a special law guaranteeing the conditions required by Ford Motor Co for its acquisition of the Daewoo factory in Craiova, southern Romania, according to the agency for privatisations (AVAS).

HONG KONG, Aug 6 (Reuters) - Financial stocks skidded across Asia on Monday as investors, worried that further fallout looms from the global credit squeeze, dumped shares in Australia's Macquarie Bank and Singapore's lenders, among others.

Aug. 6 (UNION-TRIBUNE): OTAY MESA: A man was critically injured Saturday night after he was shot in the head during an argument outside an apartment complex. The shooting occurred about 7:45 p.m. in a parking lot near Del Sol Boulevard and Del Sol Lane.

SEOUL, Aug 6 (Reuters) - Seoul shares extended a recent slump to fall 1.2 percent on Monday, as financials such as Kookmin Bank were hit by worries about global credit conditions, with exporters further dented by weak U.S. jobs data.

Pelosi delays vote until the fall on tough new rules. (Green Car News)

My heart sinks when Park Geun-hye’s aide tells me he has prepared 24 pages of briefing notes for our lunch, containing responses for every question I might contemplate asking the South Korean presidential candidate.

The CEO of GM’s Daewoo Automotive Technology has speculated that a minicar similar to one of the three concepts shown at the New York Motor show earlier this year could be heading to the US and arriving as a 2011 model.

Iomai Corp., a Gaithersburg-based biotechnology company, announced Wednesday its travelers’ diarrhea vaccine seemed to make visitors to Mexico and Guatemala less likely to contract the disease and their symptoms less severe if they did fall ill, according to study results.

Investors in three Korean shipbuilders fared better this year than if they had put their money into stocks like Apple or Google. The gains should keep on coming.

Austin Developments Corp. is pleased to announce that Petrol One Corp. has signed a Memorandum of Agreement with KM Energy of Seoul, South Korea to create a Joint Venture Partnership to be named "Petro KME" to be based in Dubai, UAE to manage its existing property in Gabon, Central West Africa and possible future holdings in Africa, Asia and the Middle East.

Petrol One Corp. is pleased to announce that it has signed a Memorandum of Agreement with KM Energy of Seoul, South Korea to create a Joint Venture Partnership to be named "Petro KME" to be based in Dubai, UAE to manage its existing property in Gabon, Central West Africa and possible future holdings in Africa, Asia and the Middle East.

SINGAPORE, Aug 2 - SembCorp Marine , the world's second-largest builder of offshore oil drilling rigs, posted a 48 percent jump in quarterly profit, due to robust demand for offshore oil drilling rigs and vessels.

SEOUL (Thomson Financial) - South Korean shares closed lower Thursday, wiping out early gains, as investors remained wary the slide in global equities may be far from over as concerns over the US housing and credit markets persist.

Retail The recent rolling out of budget cars by local companies has ignited the domestic automobile market, with experts saying the move will significantly increase car ownership in Vietnam.

HANOI, Aug 2 Asia Pulse - The recent rolling out of budget cars by local companies has ignited the domestic automobile market, with experts saying the move will significantly increase car ownership in Vietnam.

Regulations / Law South Korea's corporate watchdog said today it has issued an order for corrective measures against GM Daewoo Auto & Technology Co., the country's third-largest automaker, for coercing supply dealers into fixing the prices of their bumper products.

South Korea's corporate watchdog said today it has issued an order for corrective measures against GM Daewoo Auto & Technology Co., the country's third-largest automaker, for coercing supply dealers into fixing the prices of their bumper products.

SEOUL, Aug 2 (Reuters) - South Korean benchmark government bond prices dropped early on Thursday as the local stock market rebounded from a slump and U.S. Treasuries fell.

Aug. 2 (Bloomberg) -- Investors in three Korean shipbuilders fared better this year than if they had put their money into technology or Internet stocks such as Apple Inc. or Google Inc. The gains will keep on coming.

Google Korea is believed to be out to boost its local language-based database through a partnership with a leading local internet operator.

The husband of a Columbus woman found slain early Tuesday in her Decatur Court residence has been charged with killing her, said Police Lt. Vince Pasko.

SEOUL, Aug 1 (Reuters) - Samsung Securities Co. , the South Korean brokerage with the most client assets, posted its best net profit in five quarters on Wednesday and analysts said the outlook appeared good despite a recent downturn in stock markets.

SEOUL, Aug 1 - Samsung Securities Co. , the South Korean brokerage with the most client assets, posted its best net profit in five quarters on Wednesday and analysts said the outlook appeared good despite a recent downturn in stock markets.

SEOUL (Thomson Financial) - GM Daewoo Auto & Technology Co, South Korea's third-largest automaker by sales volume, said Wednesday that its sales last month surged, led by strong exports.

Transport Solid demand at home and abroad helped South Korean car sales jump 35.4 per cent in July compared to the previous year, the local auto industry said Wednesday.

Solid demand at home and abroad helped South Korean car sales jump 35.4 per cent in July compared to the previous year, the local auto industry said Wednesday.

SEOUL, Aug 1 (Reuters) - Samsung Securities Co. , the South Korean brokerage with the most client assets, on Wednesday posted its best net profit in five quarters as a bull market led to a windfall in trading commissions and fund sales.