Fast Daewoo News

DETROIT -- The United Auto Workers union said it had many issues left to tackle with General Motors Corp. ahead of a deadline to reach a new contract, according to an e-mail sent to...

OPEC maintained its estimate for world oil demand growth in 2007 despite current economic problems, the powerful cartel said in a report Friday.

Lower chip prices pulled on technology stocks. The drop outweighed a rise for steel makers.

Asian technology shares fell Thursday, led by Toshiba and Hynix Semiconductor, on lower chip prices. Posco and Baoshan Iron & Steel gained after reports in South Korea and China showed the alloy is getting more expensive.

FORTY years ago next week, the QE2 slid hesitantly down the Clydebank slipway, but all her splendour could not prevent the rapid decline of British shipbuilding. We look back on the passing of an era.

(RTTNews) - Seoul stocks closed sharply higher for the second straight session Friday on sustained buying by foreign and institutional investors. Shipbuilders, steelmakers and retailers gained on higher earnings expectation. The KOSPI index added 22 points or 1.2% to end at 1,870.02.

Sept. 14 (Bloomberg) -- Asian stocks rose the most this month after the largest U.S. mortgage lender obtained new financing and Macquarie Bank Ltd. forecast record profit, easing concern global credit conditions will hurt earnings.

SEOUL (Thomson Financial) - South Korean stocks closed sharply higher for the second straight session Friday as foreign and institutional investors snapped up shares of shipbuilders, steelmakers and retailers amid hopes that their earnings will be unaffected by any slowdown in the US economy.

Prosecutors yesterday decided to again ask the court to issue search warrants for residences of former presidential aide Byeon Yang-kyoon.

SEOUL (Thomson Financial) - South Korean stocks closed sharply higher for the second straight session Friday as foreign and institutional investors snapped up shares of shipbuilders, steelmakers and retailers amid hopes that their earnings will be unaffected by any slowdown in the US economy.

The Chinese mainland's tallest building is setting a record for pre-completion rents. Shanghai World Financial Centre managers are asking future tenants to pay between US$1.70 and US$1.96 per square metre per day for space in the tower.

Bank of Beijing, the third Chinese city-level commercial bank to list, has attracted a record 1.9 trillion yuan (US$253 billion) of initial public offering (IPO) subscription from both institutional and individual investors, China Securities Journal reported.

SEOUL, Sept 14 (Reuters) - The South Korean won hit a one-month high against the dollar on Friday despite the Finance Ministry's warning about the won's rise as demand from exporters outweighed fears about intervention.

SEOUL, Sept 14 (Reuters) - Seoul shares rose 1.2 percent on Friday, marking a second day of gains, as POSCO hit a record amid expectations for higher steel prices, while shipbuilders such as Daewoo rallied as they continue to win new orders.

Lower chip prices pulled on technology stocks. The drop outweighed a rise for steel makers.

SEOUL, Sept 14 - Seoul shares closed 1.2 percent up on Friday, marking a second day of gains, as POSCO hit a record amid expectations for higher steel prices, while shipbuilders such as Daewoo rallied as they continued to win new orders.

SEOUL, Sept 14 (Reuters) - Seoul shares closed 1.2 percent up on Friday, marking a second day of gains, as POSCO hit a record amid expectations for higher steel prices, while shipbuilders such as Daewoo rallied as they continued to win new orders.

The United Auto Workers union likely chose General Motors Corp. as the lead company in labor talks with the Detroit Three because GM is considered the healthiest and the UAW wants to prevent the nation's largest automaker from moving more manufacturing overseas, industry analysts said. Two local union officials said they received notice Thursday afternoon that GM would be the lead company in the ...

SEOUL: Daewoo Shipbuilding and Marine Engineering Co, the world's second-largest shipbuilder, has secured a combined $740 million order to build a drill ship and a crude oil carrier.

SEOUL, Sept 14 - The South Korean won turned flat against the dollar on Friday after hitting a one-month high as the Finance Ministry's warning about the won's rise offset exporter demand for settlements.

SEOUL, Sept 14 (Reuters) - The South Korean won turned flat against the dollar on Friday after hitting a one-month high as the Finance Ministry's warning about the won's rise offset exporter demand for settlements.

SEOUL, Sept 14 - Daewoo Shipbuilding and Marine Engineering Co. , the world's second-largest shipbuilder, said on Friday it had secured a combined $740 million order to build a drill ship and a crude oil carrier.

SEOUL, Sept 14 (Reuters) - Daewoo Shipbuilding and Marine Engineering Co. , the world's second-largest shipbuilder, said on Friday it had secured a combined $740 million order to build a drill ship and a crude oil carrier.

Changed Alternator 2 times. Had a serious short circuit 6 mo after buying it. Have changed the shock absorbers 4 times since bought. Changed the main belt pulley 6 mo after bought.

Transport   Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-biggest shipbuilder, said Friday that it has clinched deals worth US$740 million to build a drill ship and an oil tanker.

Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-biggest shipbuilder, said Friday that it has clinched deals worth US$740 million to build a drill ship and an oil tanker.

SEOUL, Sept 14 Asia Pulse - Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660), the world's third-biggest shipbuilder, said Friday that it has clinched deals worth US$740 million to build a drill ship and an oil tanker.

SEOUL, Sept 14 (Reuters) - Seoul shares rose 0.9 percent on Friday as steel makers such as POSCO approached a record amid expectations for higher prices for their products, while shipbuilders such as Daewoo gained on new orders.

SEOUL, Sept 14 (Reuters) - Daewoo Shipbuilding and Marine Engineering Co. , the world's second-largest shipbuilder, said on Friday it had won a 580.9 billion won ($623.8 million) order to build a drill ship.

The markets are clamoring for rate cuts, but weak U.S. productivity gains and strong global growth may limit the Fed's options

The prosecution is considering filing charges against Byeon Yang-kyoon, a former presidential aide, for pressuring corporations to confer favors on Shin Jeong-ah, the former curator-professor who rose to fame by faking her credentials.

SEOUL, Sept 13 (Reuters) - U.S. private equity house Corsair Capital will buy a 5.28 percent stake in South Korea's No. 3 life insurer for 200.3 billion won ($215.3 million) by subscribing to its new shares, Kyobo Life Insurance said on Thursday.

The prosecution is considering pressing charges against Byeon Yang-kyoon, a former presidential aide, for pressuring corporations to confer favors on Shin Jeong-ah, the former curator-professor who rose to fame by faking her credentials.

Sept. 13 (Bloomberg) -- Asian technology shares fell, led by Toshiba Corp. and Hynix Semiconductor Inc., on lower chip prices. Posco and Baoshan Iron & Steel Co. gained after reports in South Korea and China showed the alloy is getting more expensive.

SEOUL (Thomson Financial) - South Korean shares closed sharply higher on Thursday, recouping all of yesterday's steep losses, on strong institutional buying which more than offset the impact to sentiment of record-high oil prices and caution associated with today's triple witching.

An eight-year-old boy and both his parents suffered broken bones when they were involved in a traffic accident early yesterday morning.

Sept. 13 (Bloomberg) -- Asian technology shares fell, led by Samsung Electronics Co. and Toshiba Corp., on lower chip prices. Posco and Nippon Steel Corp. gained after reports in South Korea and China showed the alloy is getting more expensive.

Sept. 13 (Bloomberg) -- Asian technology shares fell, led by Samsung Electronics Co. and Toshiba Corp., on lower chip prices. Posco and Nippon Steel Corp. gained after reports in South Korea and China showed the alloy is getting more expensive.

Consumer durables firm Videocon Industries is looking at renewing talks to acquire the ailing Korean electronics giant Daewoo Electronics.

Sept. 13 (Bloomberg) -- Asian technology shares fell, led by Samsung Electronics Co. and Hynix Semiconductor Inc., after chip prices declined. Posco and Nippon Steel Corp. led steelmakers higher after price increases for the alloy were reported in South Korea and China.

(RTTNews) - The major markets in Asian region, open for trading on Thursday morning, are trading in the positive territory, led by oil related stocks after the price of crude oil in the international markets rose by more than 2% and briefly surpassed the psychological US$80 per barrel mark.

Consumer durables firm Videocon Industries is looking at renewing talks to acquire the ailing Korean electronics giant Daewoo Electronics.

Sept. 13 (Bloomberg) -- Asian stocks rose for a third day, led by Mitsubishi Corp. and BHP Billiton Ltd. after a bigger- than-expected drop in U.S. crude oil stockpiles helped drive the price of the fuel to a record.

Sept. 13 (Bloomberg) -- Asian stocks rose for a third day, led by Mitsubishi Corp. and BHP Billiton Ltd. after a bigger- than-expected drop in U.S. crude oil stockpiles helped drive the price of the fuel to a record.

General Motors global product development chief Bob Lutz has championed the ute as a potential North American market car. But speaking at the Frankfurt Motor Show this week, Mr Lutz put the plans in doubt.

Daewoo International Corp. said yesterday it signed a contract with an Uzbekistan oil explorer, the Institute of Geology and Prospecting for Oil and Gas Deposits, to more effectively tap gas reserves in the central Asian country.

What began as a simple case of degree forgery is spiraling into an explosive political scandal, forcing a senior presidential secretary to resign and further threatening to ensnare other influential politicians and officials in the ranks of President Roh Moo-hyun.

Romanian Authorities have signed the contract of privatisation of Automobile Craiova with American producer Ford at the Auto Lounge in Frankfurt.

Videocon Industries Ltd, which is partnering Australia’s Oilex NL, said it will spend $1 billion to look for reserves in West Asia, Indonesia and Australia.

China has finally overtaken South Korea as the world’s biggest shipbuilder – at least by one measure. A 165 per cent surge in first-half orders for China has led to the change at the top in terms of deadweight tonnage.

The high Australian dollar could sink a plan to export Holden's new VE utility to the US.

SEOUL, Sept 12 (Reuters) - South Korean government bond prices edged higher on Wednesday, lifted by a sharp drop in the local stock market, but gains were limited after data showing the country's unemployment rate fell to a five-month low in August.

FRANKFURT, Germany -- Automakers unveiled a trio of concept cars here Tuesday that were small enough to appeal to first-time buyers yet sophisticated enough for an affluent family looking to buy a third car for quick trips to town.

The 62nd International Motor Show opened its doors to the press yesterday in Frankfurt, Germany.

Local brokerages are flocking to the pension market, heating up competition in a sector that is fast becoming crowded.

2007-09-11 15:47:35 Iberdrola denies takeover bid for EDP - Portuguese stock market regulator

2007-09-11 15:47:35 Iberdrola denies takeover bid for EDP - Portuguese stock market regulator LISBON (Thomson Financial) - Iberdrola SA has denied rumours circulating today that it is preparing a takeover bid for EDP Energias de Portugal, Portuguese stock market regulator CNVM said.

BUCHAREST (Thomson Financial) - The Romanian government has given Ford the green light to take over Daewoo's Craiova plant, and the contract will be signed tomorrow on the sidelines of the IAA car show in Frankfurt, Romania's prime minister Calin Tariceanu announced.

• Chad Rubino, 19, of 298 Johnson Hill Road, Poland, operating under the influence and violation of bail, 8:52 p.m. Saturday on Route 11 in Poland, by the Androscoggin County Sheriff's Department.

Local brokerages are flocking to the pension market, heating up the competition in a sector that is fast growing and becoming crowded.

By Compiled by Isabella Steger. Editor: G. Reynolds.

DOHA: Qatargas has named its first Q-Flex liquefied natural gas vessel as ‘Al Gattara’, owned by Qatar Gas Transport Company (Nakilat) and Overseas Shipholding Group (OSG).

SEOUL, S. Korea — General Motors said its GM Daewoo subsidiary here will take a 40 percent stake in Polish automaker FSO, a former Daewoo affiliate, while Ford expects to sign a deal this week to acquire a majority interest in another former Daewoo plant in Romania.

Brokerages reported an average 560-percent net capital ratio as of the end of June this year, which is 3.7 times higher than the recommended rate. Analysts said it raises concerns that financial institutions may be overly conservative in their investment decisions.

The top 100 listed companies in Korea paid workers over 4 million won on average ($4,300) a month in the first half of the year, according to data at the Finance Supervisory Service yesterday.

Membership costs from under $5 per week and provides 24/7 access to all articles, including our 6-year archive, and free monthly management briefings.

According to Reuters, GM Daewoo Automotive & Technology (GMDAT) plans to acquire a 40% stake in FSO from the Polish government for 238.7 billion Won ($254.5 million).

SINGAPORE (Thomson Financial) - (Updates with closing figures throughout)

Recent developments in the gas-field projects of Myanmar have highlighted the intense resource diplomacy in the region.

Sept 10 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Monday.

SINGAPORE (Thomson Financial) - Stock markets across Asia tumbled Monday after a far weaker-than-expected US jobs report on Friday revived fears that the problems in the subprime mortgage sector have begun to hurt the broader economy, a key market for Asian goods.

SEOUL, Sept 10 (Reuters) - SK Engineering & Construction said on Monday it had received a $170 million refinery expansion order from Thailand's state-run PTT Public Co Ltd .

SEOUL, Sept 10 (Reuters) - Stocks on the move on Monday include: As of 0048 GMT, the main KOSPI was down 2.9 percent to 1,831.13 after unexpectedly weak U.S. jobs data raised concerns about the outlook for South Korea's second-biggest overseas market, sending exporters sharply lower.

This is the first in a three-part series on Korean car design. -- Ed. Korean-made cars have come a long way in product quality and warranty service, and striking progress is shown by ascending rankings in customer satisfaction and steady sales in most parts of the world.

This is the first in a three-part series on Korean car design. - Ed. Korean-made cars have come a long way in product quality and warranty service, and striking progress is shown by ascending rankings in customer satisfaction and steady sales in most parts of the world.

Large merger and acquisition deals face growing uncertainty stemming in part from political influences and legal disputes.

The value of investments in the Romanian automotive factory and Ford presence in Romania, more profitable for the State than an apparently small price, analysts say.

SEOUL: GM Daewoo Automotive & Technology Co, South Korea's third largest auto maker, said on Sunday it will buy a 40 per cent stake in carmaker FSO from the Polish government for 238.7 billion won ($254.5 million).

HANOI (Thomson Financial) - Automobile sales in Vietnam have risen 80 percent in the first eight months of 2007 with a 156-percent surge in passengers cars leading the rise, the country's automobile association said Saturday. Between January and the end of August, 16 of the 18 members of the Vietnam Automobile Manufacturers' Association (VAMA) reported selling 41,557 vehicles against 23,066 in ...

SPECIAL CEREMONY: Qatargas has named its first two Q-Flex LNG vessels – Al Ruwais and Al Safliya – at a special ceremony held at Daewoo Shipbuilding & Marine Engineering (DSME) ship building yard in the Geoje Island in South Korea at the weekend.

Qatargas has named the first two Q-Flex LNG vessels - Al Ruwais and Al Safliya - at a special ceremony held at Daewoo Shipbuilding & Marine Engineering Ltd. (DSME) ship building yard in Geoje Island.

SEOUL, Sept 9 (Reuters) - GM Daewoo Automotive & Technology Co, South Korea's No. 3 auto maker, said on Sunday it will buy a 40 percent stake in carmaker FSO from the Polish government for 238.7 billion won ($254.5 million).

SEOUL, Sept 9 (Reuters) - South Korea's Samsung Engineering & Construction Co said on Sunday it had received a $1.1 billion order from Thailand's PTT Public Co Ltd to build two gas plants.

Hanoi traffic. Automobile sales in Vietnam have risen 80 percent in the first eight months of 2007 with a 156-per cent surge in passengers cars leading the rise, the country's automobile association said

A Durban man who was hijacked outside his home could not believe his good fortune when his assailants decided to give back his car.

A Durban man who was hijacked outside his home could not believe his good fortune when his assailants decided to give back his car.

Attiyah inaugurates LNG carriers Al Safliya, Al Ruwais

Hanoi traffic. Automobile sales in Vietnam have risen 80 percent in the first eight months of 2007 with a 156-per cent surge in passengers cars leading the rise, the country's automobile association said

Automobile sales in Vietnam have risen 80 percent in the first eight months of 2007 with a 156-per cent surge in passengers cars leading the rise, the country's automobile association said Saturday.

Busan, South Korea • Under the patronage of the Emir H H Sheikh Hamad bin Khalifa Al Thani, Qatar’s Deputy Premier and Minister of Energy and Industry H E Abdullah bin Hamad Al Attiyah here yesterday inaugurated two Liquefied Natural Gas (LNG) carriers Al Safliya and Al Ruwais built at the ship-building basin near the South Korean city of Busan.

It’s intimidating enough for some American drivers heading outside the gates of U.S. military installations in the Pacific. Roads are fraught with congestion. Landmarks all seem to look alike.

BUCHAREST, Romania (AP) — Ford Motor Co. will pay $77.9 million for a 72 percent stake in the state-owned Romanian assembly plant Automobile Craiova, a finance ministry official said Friday.

As a sign of goodwill and commitment to the cause of Vice President Alhaji Aliu Mahama, hundreds of NPP party members including some constituency executives from all the 24 constituencies in the Brong Ahafo Region thronged the premises of Genaat Hotel in Berekum last Saturday to witness the inauguration of Club A 600, a group loyal to the Vice President.

SEOUL, Sept 7 (Reuters) - In most developed countries, a tycoon convicted of embezzling millions of dollars might expect his reputation to suffer.

VietNamNet Bridge – In August 2007, the members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 6,557 units of different types, an increase of 83 units in comparison with the previous month.

HANOI, Sept 7 (Reuters) - Auto sales in Vietnam by 11 foreign-backed firms jumped 64 percent in August from a year earlier to 4,936 vehicles, the Vietnam Automobile Manufacturers Association said on Friday.

With the new orders, Qisda will make LGE's 15-, 20- and 26-inch LCD TVs while Daewoo will produce 32-inch LCD TVs for LGE. The Korea company will manufacture 37-inch and larger LCD TV in-house, said sources as cited in the Chinese-language Economic Daily News (EDN).

SEOUL, Sept 6 (Reuters) - South Korea's economic outlook brightened on Thursday with strong August consumer sentiment and department store sales data, but the central bank is seen keeping interest rates on hold this week amid global market jitters.

Police found a semiautomatic handgun reported stolen in Virginia in the back of a car they pulled over for speeding on Orange Road. Officers stopped the car on Elm Street and found that the driver, Tremayne Perry, 23, of Norfolk, Va., had a suspended license and a $200 warrant for his arrest from Keansburg, police said.

Rosneft will start drilling exploratory wells at a giant western Kamchatka shelf in Far Eastern Russia as early as next year, the head of Russia’s largest crude producer said Wednesday.

Ford expected to contribute significantly to the development of the Romanian automotive market.

A study has found that Korea’s industrial structure is losing its steam because of low birth rates and aging companies, which mirrors the demographic challenge that the country is facing.

GM dealers in the United States delivered 388,168 vehicles in August, up more than 5 percent compared with year-ago monthly sales, a strong performance that resulted in an anticipated highest- of-the-year market share of nearly 26 percent.

SEOUL, Sept 4 (Reuters) - South Korean government bond prices edged up on Tuesday, as the annual L money supply growth in July slowed from June, providing slight relief to bonds ahead of the monthly interest rate meeting on Friday.

The chief executive of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru, would want Nigerian manufacturers to adopt the strategy of their far East counterparts who now dominate manufacturing across the world.

South Korean vehicle sales in August jumped 22.4 per cent from a year earlier, fueled by strong demand in overseas markets, according to data released by the nation's major automakers Monday.

Statistics South Korean vehicle sales in August jumped 22.4 per cent from a year earlier, fueled by strong demand in overseas markets, according to data released by the nation's major automakers Monday.

Transport GM Daewoo Auto & Technology Co., South Korea's third-largest automaker, said Monday that its vehicle sales rose 16.4 per cent from a year ago in August, driven by higher overseas demand.

GM Daewoo Auto & Technology Co., South Korea's third-largest automaker, said Monday that its vehicle sales rose 16.4 per cent from a year ago in August, driven by higher overseas demand.

Sept. 3 (Bloomberg) -- South Korea's economy expanded at the fastest pace in almost four years in the second quarter, helped by rising exports, according to revised figures released today.

Sept. 3 (Bloomberg) -- South Korea's economy expanded at the fastest pace in almost four years in the second quarter, helped by rising exports, according to revised figures released today.

FRANKFURT (Thomson Financial) - MAN AG has won a large contract worth in the ballpark of 50 mln eur from the Singapore-based shipping company APL for the manufacture and delivery of eight giant diesel engines, reported Euro am Sonntag.

The chief executive of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru, would want Nigerian manufacturers to adopt the strategy of their far East counterparts who now dominate manufacturing across the world.