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Feature: S.Korea jolted by labor protests

ULSAN, South Korea, June 26 (UPI) -- More than 20,000 workers laid down tools and gathered outside Hyundai Motor''s main plant in Ulsan for a six-hour strike on Thursday. Wearing red jackets and red headbands, thousands of unionized workers pumped fists toward the summer sky, shouting slogan
JONG-HEON LEE, UPI Business Correspondent

Latin American Markets Roundup

SANTIAGO, Chile, June 26 (UPI) -- Equities across Latin America were mixed this week, as both Brazil and Mexico's stock indexes dropped Wednesday over concerns that the interest rate cut implemented by the U.S. Federal Reserve could hinder economic growth.
GONZALO BAEZA, UPI Business Correspondent

Analysis: Taiwan must pass financial bills

SINGAPORE, June 25 (UPI) -- An emergency legislative session will be held on July 4-8 by the Taiwanese Legislative Yuan to push through six key economic bills that were not passed in time before the last session ended for the summer recess.
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis:How long can Thailand outperform?

SINGAPORE, June 5 (UPI) -- Since mid-May, the Thai baht has been appreciating despite a depreciating yen. Meanwhile the Stock Exchange of Thailand index has been one of the top performing indices in the region this year, right behind China and Indonesia.
SONIA KOLESNIKOV, UPI Business Correspondent

Latin American stock market roundup

RIO DE JANEIRO, June 5 (UPI) -- Stocks were generally up across Latin America this week with local news mostly moving markets.
BRADLEY BROOKS, UPI Business Correspondent

Analysis: Benefits from HK SARS bonds

SINGAPORE, May 9 (UPI) -- Hong Kong may issue bonds to finance expenses related to severe acute respiratory syndrome and protect dwindling fiscal reserves.
SONIA KOLESNIKOV, UPI Business Correspondent

Most of Asia tumbles on SARS concerns

SINGAPORE, April 24 (UPI) -- Most Asian stock markets posted sharp losses Thursday as the outbreak of severe acute respiratory syndrome remained at the forefront of investors' concern.

Fitch: War raises U.S. airport credit risk

CHICAGO, March 26 (UPI) -- Fitch Ratings said hostilities in the Persian Gulf significantly increased the financial risks facing U.S. airports.

Fitch: War raises U.S. airport credit risk

CHICAGO, March 26 (UPI) -- Fitch Ratings said hostilities in the Persian Gulf significantly increased the financial risks facing U.S. airports. Fitch said its opinion reflected the likelihood of further erosion in the already depressed air travel market.

Executive Business Briefing

Here is a look at more of Wednesday's top business stories.

Brazil leads emerging market debt rally

RIO DE JANEIRO, March 10 (UPI) -- Brazil is leading the Latin American bond market to its biggest rally in more than four years, largely because of a socialist president's surprisingly austere financial moves.
BRADLEY BROOKS, UPI Business Correspondent

Sales drop 9.4 percent at Sears

HOFFMAN ESTATES, Ill., March 6 (UPI) -- Sears, Roebuck and Co., the nation's fourth-largest retailer, said its same store sales, or sales at stores open at least one year fell 9.4 percent during the 4

Executive Business Briefing

Here is a look at more of Thursday's top business stories:

Analysis: Ex-Kmart head 'grossly derelict'

CHICAGO, Jan. 27 (UPI) -- When it filed its 500-page reorganization plan in U.S. Bankruptcy Court late Friday, Kmart revealed it had turned over more than 1.5 million pages of documents
AL SWANSON

Executive Business Briefing

Here is a look at some of Friday's top business stories.

Analysis: Roh looks to calm economy fears

SEOUL, Jan. 22 (UPI) -- President-elect Roh Moo-hyun of South Korea has been depicted as hostile to chaebol -- the country's huge business conglomerates -- and critical of Seoul's long tradition of pro-U.S. policy, which has sparked widespread concerns about the fate of the worl
JONG-HEON LEE, UPI Business Correspondent

Executive Business Briefing

Here is a look at more of Monday's top business stories.

Brazilian debt downgraded by Fitch

RIO DE JANEIRO, Oct. 21 (UPI) -- Brazil's soverign long-term debt was downgraded one level Monday by Fitch Ratings, which cited the country's presidential election this Sunday as a main concern.
BRADLEY BROOKS, UPI Business Correspondent

Brazilian debt downgraded by Fitch

RIO DE JANEIRO, Oct. 21 (UPI) -- Brazil's sovereign long-term debt was downgraded one level Monday by Fitch Ratings, which cited the country's presidential election this Sunday as a main concern.

Analysis: German bankers in denial-I

SKOPJE, Macedonia, Oct. 2 (UPI) -- Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information and anxiety-inducing experiences. Judging by the German press, the country is in a state of denial regarding the waning health of its ec
SAM VAKNIN, UPI Senior Business Correspondent

India to abolish FDI voting cap in banks

CALCUTTA, India, Sept. 16 (UPI) -- In a crucial move that could have far-reaching implications on the India banking industry, the country's central bank Reserve Bank of India has asked the ministry of finance to remove the 10 percent cap on voting rights of foreign or Indian shareholders i
INDRAJIT BASU, UPI Business Correspondent

Report: Bristol Myers being investigated

NEW YORK, July 11 (UPI) -- The Financial Times said Thursday that drug giant Bristol-Myers Squibb Co. is being investigated by U.S. regulators for allegedly inflating sales by $1 billion

Brazil currency falls to lowest ever

RIO DE JANEIRO, June 21 (UPI) -- While this country's soccer fans enjoyed a day of celebration after a World Cup victory, there were no market players smiling at the close Friday, a day which saw the local currency -- the real -- close at its weakest level ever, finishing at 2.84 against
BRADLEY BROOKS, UPI Business Correspondent

Analysis: Uruguay faces Argentine problem

SAO PAULO, May 10 (UPI) -- One by one, Latin American economies have picked themselves up from the dirt, checking all vital areas for signs of a fatal wound inflicted by the Argentine crisis. Most have been able to muster a sigh of relief, but often overlooked is tiny Uruguay, whic
BRADLEY BROOKS, UPI Business Correspondent

Stocks end down on seesaw week

NEW YORK, May 10 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market ended off Friday, closing a week that saw skyrockets Wednesday, but then steady drops ag
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