MBK, YoungPoong seek court injunction to block Korea Zinc's share sale plan
By Heejin Kim and Heekyong Yang SEOUL, Dec 16 (Reuters) - South Korean private equity firm MBK Partners and metal smelter YoungPoong Corp have filed for an injunction at a local court to block Korea Zinc's share sale plan to fund the construction of a...
29m ago
Bank of Korea says excessive liquidity alone not behind FX, property market volatility
SEOUL, Dec 16 (Reuters) - South Korea's central bank said on Tuesday it would be an "overstatement" to blame ample liquidity conditions in the domestic market for a weaker won currency and price upswings in the residential property market. "Looking at...
1h ago
China AI chip firm Biren to launch Hong Kong IPO in coming weeks, sources say
BEIJING/HONG KONG, Dec 16 (Reuters) - Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of the matter said. The IPO could raise $300 million, local Chinese medi...
1h ago
Ford's $19.5 billion EV writedown: five things to know
By Mike Colias Dec 15 (Reuters) - Ford Motor announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry's pullback from a technology carmakers wholeheartedly embraced early this decade...
2h ago
Australia police says Bondi attack gunmen travelled to Philippines
SYDNEY, Dec 16 (Reuters) - Australian police said on Tuesday that the two alleged gunmen behind the mass shooting at Sydney's Bondi Beach travelled to the Philippines last month, and that the reasons for their trip were under investigation. Polic...
2h ago
US military says it carried out strikes on three vessels in eastern Pacific
WASHINGTON, Dec 15 (Reuters) - The U.S. Southern Command said on Monday that it carried out strikes on three vessels in international waters, killing eight men. "Intelligence confirmed that the vessels were transiting along known narco-trafficking rou...
2h ago
Former Raiders coach Mike White dies at 89
Mike White, who had stints as the head coach of Cal, Illinois and the Oakland Raiders, died at the age of 89 on Sunday in Newport Beach, Calif. News of his death was announced Monday by the Cal athletic department. Born in Berkeley, Calif., White wa...
2h ago
Human‑wave attacks and drones: How Myanmar's junta is fighting back
By Naw Betty Han and Shoon Naing Dec 16 (Reuters) - For seven days, rebel fighter Khant and his comrades held the line as Myanmar's military pounded their positions with artillery and drone strikes. Khant is a veteran of numerous battles against Myanma...
2h ago
China seizes smuggled drugs on US tip
BEIJING, Dec 16 (Reuters) - China seized 430 kg of smuggled cocaine last month, acting on information from the United States, the Chinese Public Security Ministry said on Tuesday. Chinese authorities were able to seize the drugs from a "suspicious"...
2h ago
South Korea nominee for media commission to seek social media curbs for teens
SEOUL, Dec 16 (Reuters) - The nominee to head South Korea's broadcast and media commission told parliament on Tuesday he would pursue imposing restrictions on social media use for teenagers, saying it was a priority as a means to protect young people....
2h ago
