Fast Daewoo News

SEOUL, June 11 (Reuters) - Seoul shares fell for a second session on Monday as Doosan Heavy plunged after Goldman Sachs started coverage of the builder with a sell rating, while other recent shiners fell on worries valuations had grown too rich.

SEOUL, June 11 (Reuters) - Stocks on the move on Monday include: As of 0217 GMT, the main KOSPI fell 0.54 percent to 1,718.01, reversing an earlier advance as institutional investors locked in gains in recent outperformers, offsetting higher chip makers, which tracked a rally among U.S. peers.

SEOUL, June 11 (Reuters) - Stocks on the move on Monday include: As of 0204 GMT, the main KOSPI fell 0.74 percent to 1,714.50, reversing an earlier advance as institutional investors locked in gains in recent outperformers, offsetting higher chip makers, which tracked a rally among U.S. peers.

SEOUL, June 11 (Reuters) - Stocks on the move on Monday include: As of 0145 GMT, the main KOSPI fell 0.19 percent to 1,723.96, reversing an earlier advance as institutional investors locked in gains in recent outperformers, offsetting higher chip makers, which tracked a rally among U.S. peers.

The government-run “overseas first new city project” is drifting away after failing to stay on its target schedule due to lack of preparation and an unrealistic initial plan.

MANILA, Philippines -- The government-owned Philippine National Railways (PNR) has signed a contract for a $50-million contract to link the Northrail and Southrail projects in Luzon, which has gone through several failed bids, a transport official said.

MANILA, Philippines—Amid a controversy over the Department of Education’s recent textbook projects, the country’s biggest publishing house yesterday admitted having links with another printing company but denied it was the leader of a so-called cartel.

Many of the over 170 Japanese businesses present at a June 7 workshop in Tokyo on the Vietnam investment climate have spoken of their possible projects in the Southeast Asian market.

SEOUL (XFN-ASIA) - Share prices closed sharply lower, in line with other regional markets, with foreign investors cashing in gains following a sustained slump on Wall Street and recent record-breaking rallies, dealers said.

SEOUL (XFN-ASIA) - Share prices closed sharply lower, in line with other regional markets, with foreign investors cashing in gains following a sustained slump on Wall Street and recent record-breaking rallies, dealers said.

Vehicle ownership rates in Vietnam are continuing to surge to record highs, prodded on by a burgeoning economy and growing consumer income.

Statistics Vehicle ownership rates in Vietnam are continuing to surge to record highs, prodded on by a burgeoning economy and growing consumer income.

After resigning his post Tony Blair should... Loading ... CAR salesmen, like middle-aged trainspotters and Cabinet ministers, seem to have an innate dodginess about them.

OSLO (Thomson Financial) - Shares in Odfjell Invest were up, defying a market selloff, after the Norwegian oil services company confirmed it had signed a 735 mln usd contract with Norwegian oil producing major Statoil, dealers said.

With reference to press release dated April 13, 2007 related to Letter of Award, Odfjell Invest Ltd. hereby confirms the signing of the drilling contract with Statoil ASA for use of Deepsea Atlantic for a firm period of four or five years.

(RTTNews) - Asian shares closed mixed on Thursday, as the markets swayed between fears of rate-hike and hopes of a positive note seen on the Chinese markets.

(RTTNews) - The South Korean market rose to a new high on Thursday, emerging from an initial fall, as retail buying picked up steam on encouraging consumer confidence index. According to data, consumer confidence index in May rose to 101.1 from 100.1 for the previous month.

The Tata group plans to take overseas the Tata trusts and all the community work that it does as part of its international corporate social responsibility.

SEOUL, June 7 (Reuters) - South Korean government bonds slid on Thursday following upbeat finance ministry comments on the domestic economy, along with a stronger May consumer sentiment index, a day ahead of the monthly interest rate review.

SEOUL (XFN-ASIA) - Share prices closed higher, extending their record-breaking runs for an eighth straight day, with the initial caution due to Wall Street's overnight decline quickly offset by South Korea's solid consumer confidence data, dealers said.

SEOUL, June 7 (Reuters) - Seoul shares hit an eighth record close in a row after a volatile Thursday, with brokerages such as Daewoo Securities higher as the market's rally is expected to carry on after data continued to show an improving economy.

SEOUL, June 7 (Reuters) - Seoul shares hit an eighth record close in a row after a volatile Thursday, with brokerages such as Daewoo Securities up as the market's rally is expected to carry on after data continues to show an improving domestic economy.

MANILA, Philippines -- Is there a cartel of publishing houses that is bagging multimillion-peso contracts from the Department of Education (DepEd) in spite of the trash it is dishing out that has profoundly contributed to the woeful state of Philippine education?

Police are looking for the driver of a black car after in a crash in which two people were hurt.

HANOI, June 6 (Reuters) - Auto sales in Vietnam by 12 foreign-backed firms jumped 49 percent in May from a year earlier to 3,969, the Vietnam Automobile Manufacturers Association said in a report on Wednesday.

The Corsa is heading off-road, Auto Express can exclusively reveal! Following in the wheeltracks of the new Antara off-roader, Vauxhall's smallest-ever SUV is the next exciting step in the firm's plans to expand its line-up.

This is how the story usually goes: The family patriarch running a business that was started in the late 1970s or early 1980s gets into financial trouble.

SEOUL, June 5 (Reuters) - Seoul shares edged up on Tuesday to their seventh consecutive record close as recently beleaguered exporters such as Hyundai Motor continued to climb on growing optimism about their earnings outlooks.

SEOUL, June 5 (Reuters) - South Korean trading house Daewoo International Corp. said on Tuesday it is currently in talks to deliver gas from its Myanmar fields via pipeline, but has not decided which bidder will take the product.

SEOUL, June 5 (Reuters) - Seoul shares were flat on Tuesday after hitting a record earlier as investors locked in profits in recent outperformers such as POSCO, but a rebound in recently beleaguered exporters, especially chip makers, provided support.

NEW YORK, June 4, 2007 -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Global Titans 50, Dow Jones Tiger Titans 50, Dow Jones Asian Titans 50 and Dow Jones Sector Titans 30 indexes.

Taiwan's Central Deposit Insurance Corp. will start the sale of The Chinese Bank next month, the last of three failed lenders the government is auctioning in an attempt to bolster its banking industry.

Antonio Calipjo Go, the man responsible for exposing more than 400 errors in one public elementary textbook in 2002, says you only have to look at the textbooks used in public schools to find out what’s wrong with the Philippine education system.

Daewoo Shipbuilding wins $1.3b orders

SINGAPORE - Singapore’s Keppel Corp., the world’s top offshore oil drilling rigs maker, said it may look to snap up Asian shipbuilding yards in several years when it expects a glut in capacity to depress asset prices.

(For other news from the Reuters Global Energy Summit, click on http://www.reuters.com/summit/GlobalEnergy07?pid=500) By Ovais Subhani SINGAPORE, June 4 (Reuters) - Singapore's Keppel Corp. , the world's top offshore oil drilling rigs maker, said it may look to snap up Asian shipbuilding yards in several years when it expects a glut ...

IBM Corp, which now runs subsidiary IBM Japan Ltd through its supervisory firm for the Asia-Pacific region, plans to take direct control of the local unit in October to better meet the needs of Japanese clients, The Nikkei learned Sunday.

Economic experts have said that the Vietnamese economy will continue to grow at a high sustainable rate after registering GDP growth of 7.88 per cent over the last five months.

Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, said today that it has received a 1.22 trillion-won (US$1.3 billion) order to build a container ship.

(RTTNews) - The South Korean market rose to a record high on Monday, as a second wind of foreign and retail buying lifted the market, which witnessed a precipitous fall in the middle of the day on a slump in Chinese shares.

SEOUL (XFN-ASIA) - Share prices closed sharply higher, with the main index touching another record, as sentiment was bolstered by Wall Street's rise last Friday and by heightened hopes for an economic recovery following recent solid data here, dealers said.

SEOUL, June 4 (Reuters) - The South Korean won slightly rose against the dollar on Monday and hit its highest point versus the yen in nearly a decade as local stocks stayed on a winning streak.

SEOUL (XFN-ASIA) - Share prices closed sharply higher, with the main index touching another record, as sentiment was bolstered by Wall Street's rise last Friday and by heightened hopes for an economic recovery following recent solid data here, dealers said.

Infrastructure Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, said Monday that it has received a 1.22 trillion-won (US$1.3 billion) order to build a container ship.

Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, said Monday that it has received a 1.22 trillion-won (US$1.3 billion) order to build a container ship.

SEOUL, June 4 (Reuters) - Seoul shares pared gains of as much as 1.6 percent on Monday in a day of big swings on worries that a slump in Chinese stocks would spread to other markets in the region, although rising exporters pulled the KOSPI back up.

SEOUL, June 4 (Reuters) - The South Korean won turned slightly lower on Monday as Seoul shares cut gains after a tumble in Chinese shares and amid wariness over potential intervention.

SEOUL (XFN-ASIA) - Daewoo Shipbuilding & Marine Engineering Co said it has secured orders worth a combined 1.5 bln usd from domestic and overseas shipowners.

Source: Reuters HANOI, June 4 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy ...

SEOUL, June 4 (Reuters) - Daewoo Shipbuilding and Marine Engineering Co. , the world's second-largest shipbuilder, said on Monday it had won a 1.22 trillion won ($1.31 billion) shipbuilding order from Europe.

SEOUL, June 4 (Reuters) - Seoul shares rose 1.5 percent on Monday to approach a record, with exporters such as Hyundai Motor gaining after strong U.S. economic data last week raised the prospects of increased sales to South Korea's no.2 export market.

WE believe the oil and gas (O&G) industry is undergoing exciting times in search for new energy resources in existing and new marginal, shallow and deepwater fields.

The detained high profile political and business leaders continue to divulge startling information to the Task Force for Interrogation (TFI) about their corruption.

Loading ... 03 June 2007 MUSCAT -- The Government has invited bids for the construction of Oman's first ship repair yard and dry dock complex, which will be established at Duqm Port on the Wusta coast.

Dhaka, June 3 (IANS) Bangladesh is to re-commission a frigate it purchased from South Korea for $83 million but removed from its fleet five years ago after a government change and charges of corruption.

Middle East Complex for Engineering boosts sales, operational profit - Jordan

The state of the art frigate of the Bangladesh Navy, purchased in 2001 for Tk 500 crore, has remained idle for more than five years now because of sheer 'political meanness' of the immediate past BNP-led alliance government.(

The detained high profile political and business leaders continue to divulge startling information to the Task Force for Interrogation (TFI) about their corruption.

We've identified six such leaders of their respective segments and find out what makes them tick.

EU growth

GM dealers in the United States delivered 375,682 vehicles in May, up 4.7 percent compared with year-ago monthly sales. On an unadjusted basis, sales were up 8.8 percent. GM's May retail sales of 279,731 were up 8.5 percent.

NEW YORK, June 1 (newratings.com) - The South Korean unit of General Motors Corp ( GM.NYS ), GM Daewoo Auto & Technology Co, Friday announced a 45% rise in its May sales.

Tata Motors said they will go ahead with their Singur plant, despite obstacles and will launch its car worth Rs 1 lakh by 2008.

South Korean shares rose to a record high for a fifth straight session Friday, led by gains in brokerages, computer memory chipmakers and shipbuilders.

(RTTNews) - The South Korean market rose to a record high on Friday on the strength of gains by technology stocks. Investors were encouraged after data showed an 11.9% year-over-year rise in exports for May, up from analysts' expectations.

2007-06-01 08:42:41 Globus Maritime sees market cap of 85.8 mln stg at placing price of 300p/shr

June 1 (Reuters) - Combined May sales by South Korea's auto makers, including Hyundai Motor Co. , rose 13.1 percent from a year ago to 460,547 units.

2007-06-01 08:42:41 Globus Maritime sees market cap of 85.8 mln stg at placing price of 300p/shr LONDON (Thomson Financial) - Athens-based bulk vessel owner and operator Globus Maritime Ltd said the price for its placing of 8.42 mln shares has been set at 300 pence per share, giving the company a market capitalisation of about 85.8 mln stg.

SEOUL, June 1 (Reuters) - The Korea Exchange said on Friday it approved an application from a Chinese textiles firm for an IPO worth as much as $29.9 million, in what would be South Korea's first foreign listing.

Infrastructure South Korean trading company Daewoo International Corp. (KSE:047050) said Friday it has signed a US$50 million deal with the Philippine government to repair and renovate railways in the suburbs of Manila, the capital of the Southeast Asian country.

South Korean trading company Daewoo International Corp. (KSE:047050) said Friday it has signed a US$50 million deal with the Philippine government to repair and renovate railways in the suburbs of Manila, the capital of the Southeast Asian country.

SEOUL, June 1 Asia Pulse - South Korean trading company Daewoo International Corp. (KSE:047050) said Friday it has signed a US$50 million deal with the Philippine government to repair and renovate railways in the suburbs of Manila, the capital of the Southeast Asian country.

SEOUL, June 1 (Reuters) - Seoul shares rose on Friday to their fifth consecutive record as chip makers such as Samsung Electronics rallied after a rebound in DRAM chip prices, while brokerages surged as trading values soared to their highest ever.

South Korean auto sales rose for a second straight month in May, led by Hyundai Motor Co. (KSE:005380) and GM Daewoo Auto & Technology Co., and driven by higher demand at home and overseas, according to the nation's five automakers Friday.

Statistics South Korean auto sales rose for a second straight month in May, led by Hyundai Motor Co. (KSE:005380) and GM Daewoo Auto & Technology Co., and driven by higher demand at home and overseas, according to the nation's five automakers Friday.