Fast Daewoo News

FRANKFURT, Germany-- The merger between Daimler-Benz and Chrysler Corp. was billed as a merger of equals and a marriage made in heaven -- the perfect model for the future of auto manufacturing worldwide.

The merger between Daimler-Benz and Chrysler was billed as a merger of equals and a marriage made in heaven...he perfect model for...

SEOUL (XFN-ASIA) - Share prices closed sharply lower on profit-taking by retail investors, erasing gains over the past four trading days, with sentiment undercut by Wall Street's mixed close and weak regional markets across Asia, dealers said.

DOHA: RasGas has added another tanker to its growing fleet of LNG vessels. Al Jassasiya became the 13th LNG tanker in the RasGas fleet and the sixth to be delivered by Daewoo Shipbuilding and Marine Engineering Company (DSMEC), South Korea.

Shipbuilders, machinery stocks and steelmakers were at the forefront of the correction while retailers, telecoms and other stocks driven by domestic demand enjoyed steady interest from foreign investors, offsetting the downside, they added.

FRANKFURT, Germany — The merger between Daimler-Benz and Chrysler Corp. was billed as a merger of equals and a marriage made in heaven — the perfect model for the future of auto manufacturing worldwide.

FRANKFURT, Germany -- The merger between Daimler-Benz and Chrysler was billed as a merger of equals and a marriage made in heaven -- the perfect model for the future of auto manufacturing worldwide.

FRANKFURT, Germany (AP): The merger between Daimler-Benz and Chrysler Corp. was billed as a merger of equals and a marriage made in heaven _ the perfect model for the future of auto manufacturing worldwide. After nine tumultuous years, it was neither.

What Began With Fanfare Ended On A Sour Note The merger between Daimler-Benz and Chrysler Corp. was billed as a merger of equals and a marriage made in heaven - the perfect model for the future of auto manufacturing worldwide.

FRANKFURT, Germany -- The merger between Daimler-Benz and Chrysler Corp. was billed as a merger of equals and a marriage made in heaven _ the perfect model for the future of auto...

May 14 (Bloomberg) -- Hanjin Heavy Industries & Construction Co., the first South Korean company to export ships, said first- quarter profit almost tripled as expanding trade with China and the U.S. led to orders for container vessels at higher prices.

Cerberus to pay $7.4B to DaimlerChrysler for 80.1 percent of Chrysler

The Vietnam Engine and Agriculture Machinery Corp (VEAM) have released its plan to commence operation of its US $40 million VEAM Thanh Hoa Auto Factory in September.

SEOUL (XFN-ASIA) - Share prices closed at a record high, extending a record-breaking rally for a fourth day, but well off their intraday peak as institutions rushed to lock in recent heavy gains, dealers said.

The market ran through 1,620 points soon after opening on Wall Street's Friday advance amid hopes for a rate cut sparked by tame inflation data, but local shares failed to sustain their strength on fears that a major correction is near, dealers added.

China’s largest automaker, the Shanghai Automotive Industry Corporation (SAIC), bought South Korea’s Ssangyong Motor Company in 2005 in an attempt to narrow the automotive technological gap between the two countries.

A recent survey found that the total price of legitimately produced car components embedded in a car amounts to double the price of a new car of the same kind on average.

Korean carmakers stumbled before in their rush to dominate. Will they stumble again?

Videocon is still very much in talks with Daewoo to acquire its electronics business. But it is still demanding a reduction in original bid price.

SEOUL -(Dow Jones)- South Korea's government and companies are looking to bid for opportunities to explore and produce oil and gas in Turkmenistan - something they'll discuss when they meet their counterparts in Turkmenistan next week, said the Ministry of Commerce, Industry and Energy Sunday.

'The Chateau at Heavenly Village' in Tahoe, formerly known as "Project 3," will be managed by RockResorts International L.L.C., according to the company.

In the wake of recently announced Nickelodeon and Marvel theme park plans for Dubai, Paramount Licensing and Daewoo Motor Sales Corporation have hatched an agreement to develop a Paramount Pictures-based theme park in South Korea.

For the past three years, Kim Taek-soo (37, picture) has been known to be a quiet person. Recently, however, he has become talkative. He raised his voice about the great goal of Daewoo Securities’ ping pong team, which was re-launched on May 4, and about the future direction of Korean ping pong.

Still going strong after 71 years, Archie Cameron's old vacuum cleaner may be Britain's oldest working domestic appliance. Here he reveals his Goblin Triumph electric cleaner still sucks up the dust with minimum fuss

His trusty old Reliant Robin has run its course and a colour television has finally replaced the ancient black and white Philips set.

Log in to remember this page. Email this Entertainment group Paramount Pictures announced that it will build a $1 billion theme park in South Korea, marking its first such venture outside the US. The Hollywood film company will partner with Daewoo Motor Sales Corp on the project, scheduled for opening in 2009 and completion in 2014.

MANILA - Eight Filipino construction workers who were kidnapped by Nigerian militants on May 1 have flown home to emotional reunions with their families.

Eight Filipino construction workers who were kidnapped by Nigerian militants flew home to emotional reunions with their families.

SEOUL/ZURICH, May 11 (Reuters) - UBS AG, the world's largest wealth manager, and JPMorgan Chase & Co. announced deals in South Korea on Friday, becoming the latest foreign firms to enter the country's $250 billion fund management market.

By Kim Soyoung SEOUL (Reuters) - UBS, the world's top wealth manager, said on Friday it was buying South Korea's No.3 asset manager, while JPMorgan Chase & Co.

Hollywood film studio Paramount Pictures Corp. said yesterday it will explore developing a South Korean theme park with a local partner, in what would be the entertainment company's first amusement resort outside North America.

SEOUL (Reuters) - UBS, the world's top wealth manager, said on Friday it was buying South Korea's No.3 asset manager, while JPMorgan Chase & Co. got the nod to set up an asset management firm, the latest foreign firms racing to enter a $250 billion sector.

Freed Filipino hostage Ernesto Larosa (L) is reunited with his wife Erlinda Larosa (R) in Manila. Eight Filipino construction workers who were kidnapped by Nigerian militants on May 1 flew home to emotional reunions with their families on Friday

SEOUL (Reuters) - Wall Street bank JPMorgan Chase & Co. has won a license to set up an asset management firm in South Korea, gaining a foothold in the country's fast-growing $250 billion sector.

Daewoo Motor Sales Corp., a South Korean auto sales company, plans to build a theme park in Korea based on licenses from Viacom Inc.'s Paramount Pictures movie studio. The plans announced Wednesday call for Daewoo Motor Sales to raise money for and develop the park in Incheon, about a one-hour drive from the South Korean capital of Seoul.

Wall Street bank JPMorgan Chase & Co. has won a license to set up an asset management firm in South Korea, gaining a foothold in the country's fast-growing $250 billion sector.

SEOUL, May 11 (Reuters) - Wall Street bank JPMorgan Chase & Co. has won a licence to set up an asset management firm in South Korea, gaining a foothold in the country's fast-growing $250 billion sector.

Eight Filipino workers who were abducted by Nigerian militants last week arrived in Manila Friday, three days after they were freed by their captors. The eight arrived at the Ninoy Aquino International Airport 8:45 a.m. aboard a Royal Dutch Airways flight.

May. 10th, 2007 -- Paramount Pictures announced today that it intends to construct a theme park in the South Korean city of Inchon. The park would be built along with the General Motors affiliate Daewoo, which would raise the estimated $1 billion to construct the park.

The media conglomerate Viacom said that its first-quarter profit fell 36 percent, dragged down by revamping charges and higher costs at its MTV Networks.

More than 700 patients of Diagnostic Clinic ,a physician practice in Pinellas County, must switch doctors because the practice no longer has a contract with health insurer Universal Health Care . Talks to extend a contract were halted, Diagnostic Clinic President H. Charles Campbell said. A Universal representative could not be reached for comment Thursday.

Hong Kong Disneyland, a theme park owned by Walt Disney and the Hong Kong government, may need to seek other sources to fund its operations after failing to meet performance targets set by its lenders.

Asian stocks fell from a record on Thursday, led by Japanese automakers, after Toyota predicted its smallest profit increase since net income declined in 1999.

Viacom Inc.'s (VIA, VIAB) Paramount Licensing Inc. and Daewoo Motor Sales Corp. reached an agreement to develop a Paramount Pictures theme park in South Korea.

Paramount Licensing Inc. , and Daewoo Motor Sales Corporation , today announced that they have reached an agreement to explore the development of a Paramount Pictures-based theme park in South Korea.

Gunmen kidnapped about 20 foreign oil workers in three separate attacks in Nigeria’s delta region on Thursday and released several of them hours later, in the second important hostage-taking crisis this week.

The Inchon invasion, a pivotal event of  the Korean War, is widely considered one of the most daring and successful maneuvers in modern warfare -- a

Daewoo Motor Sales Corp., a South Korean auto sales company, plans to build a theme park in Korea based on licenses from Viacom Inc.'s Paramount Pictures movie studio.

SEOUL, May 10 (Reuters) - Hollywood film studio Paramount Pictures Corp. said on Thursday it will explore developing a South Korean theme park with a local partner, in what would be the entertainment company's first amusement resort outside North America.

Service companies are becoming dominant in Ulster. Right at the top end of the Top 100 a soft services company has reflected this trend.

SEOUL, May 10 (Reuters) - Hollywood film studio Paramount Pictures Corp plans to build a South Korean theme park costing up to $1 billion with a local partner, the U.S. entertainment group's first amusement resort outside North America.

Viacom reported a 36% drop in Q1 net income to $202.9 million, or $0.29/share. It was hurt by costs related to job cuts at its MTV unit and incurred higher movie marketing expenses.

COLUMBUS The role of the Platte County Board of Supervisors in economic development may not be widely known, but projects in the county looking for a boost can turn to the supervisors for assistance.

Lagos, Nigeria, 10/05 - Suspected militants Wednesday abducted four foreign oil workers, believed to be American citizens, in the latest in a rising wave of kidnappings and attack on oil facilities in the restive oil region.

The crisis in oil-rich Niger Delta region further degenerated yesterday, when gunmen abducted four U.S. oil workers from a barge off a coast near Chevron's Escravous crude export terminal in Warri, Delta State.

MANILA: The Philippine government yesterday welcomed the release of eight Filipino hostages seized with three South Koreans in Nigeria last week. The hostages were released unharmed by their captors Tuesday, six days after they were abducted at a construction site in Port Harcourt.

with Paramount Pictures of the US. The South Korean firm said it would spend 950 bln won on the project on reclaimed land west of Seoul. The park will be built on land owned by the company in New Songdo City, a planned international business center east of Incheon city which is now being developed.

The Vietnam Shipbuilding Industry Group (Vinashin) on May 7 announced it had successfully closed the largest ever corporate bonds issue by a Vietnamese company with a landmark 10-year, VND3 trillion (US$187 million) fundraising to finance ambitious shipbuilding projects.

Continental Airlines on Wednesday said it will start a non-stop service between Mumbai and New York from October, adding to its existing direct flights from Delhi.

Eyecare company Bausch & Lomb is aiming a growth of over 25 per cent driven by its plan to introduce new surgical instruments in India.

Daewoo Motor Sales Corp. (KSE:004550) said today it plans to set up a theme park with Paramount Pictures Corp., a U.S. film production and distribution company, in Incheon, west of Seoul.

May 10 (Bloomberg) -- Asian stocks fell from a record, led by Japanese automakers, after Toyota Motor Corp. predicted its smallest profit increase since net income declined in 1999.

Viacom Inc.'s Paramount Pictures Corp. will build a $1 billion theme park in South Korea, the U.S. entertainment group's first amusement resort outside North America.

SEOUL, May 10, 2007; Reuters reported that GM Daewoo Automotive and Technology Co., South Korea's third-largest auto maker, plans to recall 10,177 sports utility vehicles over a power steering defect, the transportation ministry and the company said on Thursday.

A South Korean company will implement an e-citizens project for Myanmar after completion of a basic e-government project for the country, according to the Myanmar telecommunications authorities Thursday.

SEOUL, May 10 (Reuters) - GM Daewoo Automotive and Technology Co., South Korea's third-largest auto maker, plans to recall 10,177 sports utility vehicles over a power steering defect, the transportation ministry and the company said on Thursday.

May 10 (Bloomberg) -- Asian stocks fell from a record, led by Toyota Motor Corp. after it predicted its smallest profit increase in a decade. U.S. sales among Japan's top three carmakers declined in April, the first drop in two years for Toyota.

May 10 (Bloomberg) -- Asian stocks fell from a record, led by Toyota Motor Corp. after it predicted its smallest profit increase in a decade. U.S. sales among Japan's top three carmakers declined in April, the first drop in two years for Toyota.

Regulations / Law GM Daewoo Auto & Technology Co., South Korea's second-largest automaker by production, is recalling 10,177 Winstorm sport utility vehicles in South Korea because of a steering system flaw, the Ministry of Construction and Transportation said Thursday.

GM Daewoo Auto & Technology Co., South Korea's second-largest automaker by production, is recalling 10,177 Winstorm sport utility vehicles in South Korea because of a steering system flaw, the Ministry of Construction and Transportation said Thursday.

SEOUL, May 10 Asia Pulse - GM Daewoo Auto & Technology Co., South Korea's second-largest automaker by production, is recalling 10,177 Winstorm sport utility vehicles in South Korea because of a steering system flaw, the Ministry of Construction and Transportation said Thursday.

May 10 (Bloomberg) -- Asian stocks rose to a record for a second day. Mitsui Fudosan Co. led gains among Japanese property developers after it forecast higher operating profit.

South Korean car retailer Daewoo Motor Sales Corp. (KSE:004550) said Thursday it plans to set up a theme park with Paramount Pictures Corp., a U.S. film production and distribution company, in Incheon, west of Seoul.

SEOUL, May 10 (Reuters) - Viacom Inc.'s Paramount Pictures Corp. will build a $1 billion entertainment theme park in South Korea jointly with Daewoo Motor Sales Corp. , Daewoo said on Thursday.

(BUCHAREST ) - Romania's public deficit will remain below three percent of gross domestic product (GDP), the finance minister said Wednesday in response to a threat of a possible European Union excessive deficit action.

7 a.m.: Wakes up to the sound of his Daewoo clock radio tuned to WLAC-1510 AM.

COLUMBUS The role of the Platte County Board of Supervisors in economic development may not be widely known, but projects in the county looking for a boost can turn to the supervisors for assistance.

President Gloria Macapagal Arroyo thanked Nigeria on Wednesday for its help in securing the release of eight Filipino workers seized by militants in the African nation's oil-rich south.

Daewoo Engineering and Construction welcomed the release of its kidnapped workers in Nigeria and said the incident would not affect its business in the country.

Eight Filipinos in Nigeria were released by their kidnappers to Nigerian authorities yesterday, according to the Department of Foreign Affairs.

Nigerian militants have released eight Filipinos and three South Koreans kidnapped last week at a Daewoo construction site in the country’s oil-rich south, industry sources and a report said Tuesday.

The Iglesia ni Cristo has endorsed six candidates from the administration, five from the opposition and an independent candidate, ABS-CBN News reported Wednesday.

MANILA, Philippines -- (UPDATE 4) The Department of Foreign Affairs on Wednesday confirmed the release of the eight overseas Filipino workers who were abducted in Nigeria Thursday.

Brake system has started to a give a poor response since 50000 km. This car is very excellent. However I had problem with the brake system. One day suddenly the brake pedal released and I could not control the car.

The Department of Foreign Affairs on Wednesday remained tight-lipped on whether ransom was paid for the release of eight Filipino workers taken hostage by Nigerian militants last week.

South Korea's main stock index set its latest record high Wednesday. The Korea Composite Stock Price Index, or Kospi, ended up 10.77 points, or 0.7 percent, at 1,593.42.

Eight Filipino workers adbucted in Nigeria last week have been freed and will fly back home by Friday, said a Philippine government official Wednesday.

Four foreign oil workers are kidnapped in Nigeria's volatile Niger Delta, only hours after 11 foreigners are freed.

Four US oil workers are kidnapped in Nigeria's volatile Niger Delta, only hours after 11 foreigners are freed.

PORT HARCOURT, Nigeria -- Eight Filipino and three South Korean workers kidnapped by gunmen in Nigeria last week have been released, a Nigerian military spokesman said yesterday.

Social Security Fund, China's largest pension fund, will have more than 100 billion yuan (US$12.9 billion) to invest in 2007, according to Xiang Huaicheng, chairman of the National Council for Social Security Fund (SSF), the China Economic Weekly reported.

Another round of personal tax cuts, spending on transport and water infrastructure and a new managed fund to support higher education works are the centrepieces of the Australian federal government's pre-election budget, which it says will lock in economic gains and help meet the challenges of the future.

The Pakistani government expects to attract a record US$6.5 billion in foreign direct investment (FDI) this year, as faster economic growth draws in more companies, including Philip Morris International and Standard Chartered Plc.

Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, said today that it has recently won orders worth $1.6 billion to build 16 vessels.

Few hours after warning that it would resume pipeline sabotage in the Niger Delta region, Movement for the Emancipation of the Niger Delta (MEND), in the early hours of yesterday attacked and destroyed three major oil pipelines belonging to Italian oil giant, Nigerian Agip Oil Company (NAIC).

SEOUL, May 9 (Reuters) - Seoul shares hit their fourth consecutive record on Wednesday, and are on the cusp of breaking the 1,600 point-level, after retailers such as Lotte Shopping gained on optimism about a recovery in domestic consumption.

SEOUL, May 9 Asia Pulse - South Korean car retailer Daewoo Motor Sales Corp. (KSE:004550) said Wednesday its first-quarter earnings more than quadrupled from a year earlier on the back of increased sales.

PONTIAC -- A Southfield-based company has been drawn into a $2.5 billion defamation suit that could decide whether celebrity developer Donald J. Trump is indeed a billionaire or merely a multimillionaire.

The main militant group in restive southern Nigeria said Tuesday it had bombed three major oil pipelines, disrupting production in two oil fields. Meanwhile, private security contractors said eight Filipino and three South Korean workers kidnapped by gunmen in the region last week have been released.

A Nigerian militant brandishes his weapon in February 2006. Three South Koreans and eight Filipinos seized in Nigeria's oil-rich but volatile south last week were released in exhausted but stable condition after talks with their kidnappers, a report said Wednesday.

Holden has showed off its newest arrival and indicated in no uncertain terms that, when it comes to sourcing cars for the local market, South Korea is the place to be.

SEOUL, May 9 Asia Pulse - Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-largest shipbuilder, said Wednesday that it has recently won orders worth $1.6 billion to build 16 vessels.

SEOUL, May 9 (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering said on Wednesday it has won $1.6 billion in orders to build 16 ships from several firms.

LAGOS, Nigeria (AP) - Militants staged co-ordinated attacks on three pipelines Tuesday, inflicting the worst damage on Nigeria's vital oil infrastructure in more than a year and signalling an escalation in hostilities that caused world petroleum prices to spike.

_ Three South Korean workers and eight Filipino workers, kidnapped last week in Nigeria, were released Wednesday and are in safe hands, South Korea's Foreign Affairs and Trade Ministry said in a statement.

Few hours after warning that it would resume pipeline sabotage in the Niger Delta region, Movement for the Emancipation of the Niger Delta (MEND), in the early hours of yesterday attacked and destroyed three major oil pipelines belonging to Italian oil giant, Nigerian Agip Oil Company (NAIC).

May 9 (Bloomberg) -- Bank of Korea policy makers will probably keep the benchmark interest rate unchanged for a ninth month as inflation remains in check and the housing market cools.

LONDON -- World oil prices climbed on Tuesday on supply concerns as militants launched fresh attacks on oil installations in Nigeria, Africa's largest producer of crude, traders said.

OIL prices climbed overnight on supply concerns as militants launched fresh attacks on oil installations in Nigeria, Africa's largest producer of crude.

PORT HARCOURT, Nigeria (AP) - Eight Filipino and three South Korean workers kidnapped by gunmen in Nigeria last week have been released, a Nigerian military spokesman said Tuesday.

WORLD oil prices climbed overnight on supply concerns as militants launched fresh attacks on oil installations in Nigeria, Africa's largest producer of crude, traders said.

WORLD oil prices climbed overnight on supply concerns as militants launched fresh attacks on oil installations in Nigeria, Africa's largest producer of crude, traders said.

A Nigerian militant brandishes his weapon in February 2006. Three South Korean and eight Filipino hostages seized last week at a Daewoo construction site in southern Nigeria have been released, two separate industry sources said Tuesday.

Three South Koreans and eight Filipinos taken hostage in Nigeria were freed on Tuesday after five days in captivity, diplomats and security sources said.

LAGOS, Nigeria (AP) - Eight Filipino and three South Korean workers kidnapped by gunmen in Nigeria last week have been released, private security contractors said Tuesday.

LAGOS (Thomson Financial) - The three South Korean and eight Filipino hostages seized last week at a Daewoo construction site in southern Nigeria have been released, two separate industry sources said.

Korean carmakers stumbled before in their rush to dominate. Will they stumble again?

At least - poll gets 900,000 votes.

Myanmar's decision to sell gas from blocks in Rakhine offshore is likely to be mired in legal disputes.

RISING from my desk in the middle of the newsroom one day last week, I announced in an unexpectedly loud voice, I need chocolate!

Economic growth in the US slowed to 1.3% in the first quarter (Q1) of 2007, the worst performance in four years of an overextended debt bubble.

SEOUL, May 8 (Reuters) - South Korean government bond prices fell on Tuesday, as stronger producer prices in April increased inflationary worries ahead of the central bank's monthly interest rate review on Thursday.

MANILA: The Philippines yesterday rejected appeals to directly negotiate with Nigerian gunmen holding hostage eight of its nationals and three South Koreans.

The market touched a new intraday record in early trade, sparked by another record close by the Dow Jones Industrial Average, but gave back all early gains toward the close as program selling picked up, they noted.

SEOUL, May 8 (Reuters) - Seoul shares fell 0.1 percent on Tuesday to mark their first decline in five sessions, as concerns that the recent record-setting rally might have been overdone kicked in, but brisk earnings boosted Hyundai Heavy Industries.

SEOUL, May 8 Asia Pulse - President Roh Moo-hyun Tuesday expressed deep concern over the prolonged detention of South Korean workers by armed insurgents in Nigeria.

HANOI -(Dow Jones)- Vietnam's car sales rose 83.5% last month on the back of a strong economy, industry data issued Tuesday showed. It was the ninth straight month of increases.

SEOUL, May 8 (Reuters) - Seoul shares powered to their latest record on Tuesday, further approaching the key 1,600-point level after Hyundai Heavy surged after surprisingly robust quarterly results and sparked a broad rally in the shipbuilding sector.

A Philippine official of the Department of Foreign Affairs (DFA) maintained on Monday that his government will not intervene in the ongoing negotiations on releasing the Filipino workers taken hostages in Nigeria.

The first 26 Filipino workers repatriated from Nigeria arrived here on Monday following the abduction of eight of their colleagues on Thursday by armed militants in Nigeria.

After the government’s decision to ease requirements for holding companies last month, corporations are increasingly turning into holding companies. Businesses are paying close attention to this transition, which provide opportunities for major shareholders to increase their stakes “legally.”

Enterasys Networks(R), Inc., the Secure Networks Company(TM), today announced that financial results once again met expectations for the fiscal first quarter ended March 31, 2007. First- quarter revenue increased on a year-over-year basis while gross margins remained strong at greater than 50 percent.

ANDOVER, Mass., May 7 /PRNewswire/ -- Enterasys Networks(R), Inc., the Secure Networks Company(TM), today announced that financial results once again met expectations for the fiscal first quarter ended March 31, 2007.

Let s face it. The humble auto rickshaw has its merits. It s often been made the butt of jokes, it s the crudest form of mechanised people transport, it shudders like it were in the Ice Age, and after a long ride, you would feel your ribs at the spot where your spine should ideally be.

A look at two volatile oil-exporting countries.

MANILA, Philippines -- The sound of gunfire roused the Filipinos from sleep at the staff campsite of a Korean-run power plant in oil-rich Port Harcourt in Nigeria, but it was the chant of male voices that sent a chill up their spines.

Enterasys Networks®, Inc., the Secure Networks Company, today announced that financial results once again met expectations for the fiscal first quarter ended March 31, 2007.

After an appeal was recently aired by one of the Filipinos held hostage by militants in Nigeria for Manila to help facilitate their release, the Philippine government yesterday announced its decision not to intervene in the ongoing negotiations with their captors for their freedom.

Villagers with sticks and machetes staged a protest at a major U.S-operated oil production facility in Nigeria on Monday, forcing it to halt output as a precaution, authorities said.

MANILA, Philippines -- The Department of Foreign Affairs (DFA) on Monday belied reports eight overseas Filipino workers (OFWs) kidnapped in Nigeria have been abused by their captors and deprived of food and water, as alleged by a relative of one of the victims.

Villagers with sticks and machetes staged a protest at a major U.S-operated oil production facility in Nigeria on Monday, forcing it to halt output as a precaution, security sources said.

The Philippines rejected on Monday appeals to directly negotiate with Nigerian gunmen holding hostage eight of its nationals and three South Koreans.

Map of Nigeria locating Port Harcourt, where three South Koreans and eight Filipinos were taken hostage at a power plant construction site near the city Thursday, according to the South Korean foreign ministry. The Philippines on Monday rejected appeals to directly negotiate with Nigerian gunmen.

MANILA: In an emotive message aired yesterday, a Filipino kidnapped with 10 other foreigners in Nigeria said they were being held in the jungle, beaten up and starved of food.

MANILA, Philippines -- In an emotional message aired Sunday, a Filipino kidnapped with 10 others in Nigeria said they were being held in the jungle, beaten up and starved.

In an emotional message aired yesterday, a Filipino kidnapped with 10 other foreigners in Nigeria said they were being held in the jungle, beaten up and starved.

Nigerian rebels raised to $10 million the ransom demand in exchange for the release of the eight Filipino workers kidnapped in Port Harcourt last week, ABS-CBN News reported Sunday.

ONE of eight Filipinos kidnapped in Nigeria last May 3, pleading for help, yesterday narrated their ordeal at the hands of their abductors through voice tape.

Nigerian rebels are reportedly demanding a $1-million ransom for the release of eight Filipinos who were abducted last week along with three South Koreans and a Nigerian in Port Harcourt, a report yesterday said.

Nigerian rebels have demanded $1 million in exchange for the freedom of eight Filipino workers kidnapped in Port Harcourt, Nigeria last week, ABS-CBN News reported Sunday.

Map of Nigeria locating Port Harcourt, where three South Koreans and eight Filipinos were taken hostage at a power plant construction site near the city Thursday, according to the South Korean foreign ministry.

Nigerian rebels have demanded $1 million in exchange for the freedom of eight Filipino workers kidnapped in Port Harcourt, Nigeria last week, ABS-CBN News reported Sunday.

SEOUL, May 6 (Reuters) - South Korean companies are actively seeking investment in uranium mining around the world, the country's energy ministry said on Sunday.

Negotiations continued Saturday for the release of 11 Daewoo workers kidnapped in Nigeria.

Negotiations continued Saturday for the release of 11 Daewoo workers kidnapped in Nigeria. The workers, including three South Korean executives, were abducted Thursday in the southern Rivers State, the Korea Times reported.

LAGOS, May 04 -- Nigerian officials have begun negotiations with hostage-takers over freeing eight Filipinos and three South Koreans kidnapped in a pre-dawn raid in Nigeria's oil-rich Delta, South Korea's Foreign Ministry said on Friday.

The negotiations to release employees of Daewoo Engineering and Construction abducted by an armed group in Nigeria are reportedly proceeding smoothly.

The Philippines has ordered the repatriation of 45 Filipino construction workers from Nigeria after eight of them were kidnapped. The Philippine Embassy has taken the workers to a hotel after armed kidnappers attacked their construction site, Foreign Undersecretary Esteban Conejos said Friday.

At least 17 expatriate oil workers were taken hostage yesterday morning in two separate attacks by gunmen in Rivers State though eight of them have been freed as at the time of filing this report.

PORT HARCOURT, Nigeria -- Negotiators have reached gunmen holding 11 foreigners seized in an attack on a power plant in Nigeria's southern oil region and are pressing for the hostages' release, a military spokesman said Friday.

The Philippine government yesterday reiterated its offer to thousands of Filipinos working in Iraq and Nigeria to avail of its program of voluntary repatriation to the Philippines, warning them that danger has become more imminent in the two countries with the recent kidnap of eight Filipinos in the African state and the death of another in Iraq.

Armed men abducted at least 20 foreigners in three separate incidents in the Niger Delta overnight to Thursday in the latest spate of violence.

Officers said Brenton Stovall was driving south on Reynolda Road on Thursday when he lost control of his vehicle and hit a tree.

MANILA, Philippines -- Foreign Affairs Secretary Alberto Romulo on Friday ordered the immediate repatriation of the 45 remaining overseas Filipino workers (OFWs) of the Daewoo-operated power plant in Nigeria to be repatriated.

It was a mix bag in the game of hostage taking in Rivers and Delta states as no fewer than 21 expatriates were abducted at different locations in the two states yesterday.

ASAKA, Uzbekistan — General Motors is continuing to expand in Eastern Europe and Central Asia. Earlier this year, an assembly agreement was signed in Kazakhstan, and now GM's hold on the Uzbek Daewoo plant has also been secured.

GUNMEN in Delta and Rivers states have, within the last 48 hours, abducted at least 20 foreigners in three separate attacks. The first in the latest round of attacks was carried out at about 9.30 p.m Wednesday at a beer parlour on Enerhen Road in Warri where an unemployed Dutch was abducted.

PORT HARCOURT, Nigeria -- At least 21 workers, most of them foreigners, were kidnapped Thursday in separate attacks in Nigeria's oil-rich delta region that left a Nigerian soldier dead, officials and witnesses said.

PORT HARCOURT, Nigeria -- At least 21 workers, most of them foreigners, were kidnapped yesterday in three separate attacks in Nigeria's oil- rich delta region that left a Nigerian soldier dead, officials and witnesses said. Eight foreigners and a Nigerian driver were later freed.

Nigerian officials are negotiating with hostage-takers over freeing eight Filipinos and three South Koreans who were kidnapped in a raid.

SEOUL, May 4 (Reuters) - South Korean government bond prices rebounded from earlier losses to rise on Friday, as investors sought cheap treasury bonds, signalling an end to the rally in yields during the past month.

ANKARA (Reuters) – A consortium including Hong Kong’s Hutchison and Turkey’s Global Investment Holding made the winning bid of $1.275 billion for the operating rights of Turkey’s Izmir port yesterday.

Eight Filipinos were reportedly among 12 workers seized by an unidentified armed group at a construction site in Nigeria Thursday. The Department of Foreign Affairs (DFA) in Manila confirmed the kidnapping, saying the Filipinos were abducted along with three South Koreans and a Nigerian.

A 12-year-old boy has been charged with stealing cars worth more than $70,000 from various Darwin suburbs over the period of a month.

SEOUL - Nigerian authorities have contacted the kidnappers of three South Koreans and eight Filipinos working for a South Korean construction firm, the foreign ministry in Seoul said Friday.

It was a mix bag in the game of hostage taking in Rivers and Delta states as no fewer than 21 expatriates were abducted at different locations in the two states yesterday.

South Korean Foreign Ministry confirmed 12 people, including three South Koreans, were kidnapped by unidentified insurgents at a construction site in Nigeria early Thursday.

At Least 21 Workers Kidnapped in Nigerian Oil Region, 9 Later Released

WARRI — GUNMEN in Delta and Rivers states have, within the last 48 hours, abducted at least 20 foreigners in three separate attacks. The first in the latest round of attacks was carried out at about 9.30 p.m Wednesday at a beer parlour on Enerhen Road in Warri where an unemployed Dutch was abducted.

Armed men are believed to have abducted at least 18 foreigners, including one Australian, in three separate incidents overnight in southern Nigeria.

SEOUL — Twelve people, including three South Korean workers, were kidnapped by unidentified insurgents at a power plant construction site in Nigeria on Thursday, the Foreign Affairs and Trade Ministry said.

Lagos: Gunmen kidnapped up to 20 foreign workers in three attacks in Nigeria's oil-producing Niger Delta region but some were released within hours after a mix-up, authorities and militants said yesterday.

Mangalia - Thursday morning, around two thousand employees of the Daewoo Mangalia Naval Shipyard (DMHI) went on general strike for an undetermined period of time, mainly due to the management’s refusal to increase wages, reports the local Mediafax correspondent.

ARMED men abducted at least 20 foreigners, including an Australian, in three separate incidents in southern Nigeria in the latest spate of violence to hit Africa's biggest oil producer.

ARMED men abducted at least 20 foreigners, including an Australian, in three separate incidents in southern Nigeria in the latest spate of violence to hit Africa's biggest oil producer.

ARMED men abducted at least 20 foreigners, including an Australian, in three separate incidents in southern Nigeria in the latest spate of violence to hit Africa's biggest oil producer.