According to catastrophe modeling firm AIR Worldwide, after weakening to borderline tropical storm/typhoon strength (120 km/h [75 mph] 10-minute sustained winds), Typhoon Bolaven made landfall in North Korea north of Pyongyang, the country’s capital, at about 11:00 a.m. EDT on …
Asia’s crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union plunged trade with the Islamic Republic into uncertainty not seen in decades. Top Asian buyers — …
South Korea may soon resume Iranian crude imports after having completely halted shipments in July because of a European Union ban on insuring tankers carrying oil from the Islamic Republic. A resumption would suggest top Asian buyers of Iranian oil …
South Korea will soon decide on whether to resume Iranian crude imports after Tehran offered to ship and insure the oil to get around the impact of EU sanctions, two Korean government sources said on Friday. The EU oil embargo …
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil. …
South Korea’s KB Financial Group is interested in buying ING Groep NV’s South Korean insurance operations, chairman Euh Yoon-dae said. The parent of the country’s top mortgage lender which has an existing life insurance joint venture with ING, KB Life …
The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks …
Chartis announced that it “applauded the recent announcement by President Obama that U.S. and Korean negotiators have resolved outstanding issues related to the U.S.-Korea Free Trade Agreement (FTA).” The bulletin noted that the agreement, when it has been approved, “represents …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of South Korea’s Dongbu Insurance Company, Ltd., both with stable outlooks. Best said the ratings reflect Dongbu’s “strong capitalization and favorable operating …
The United States and South Korea welcomed a free trade deal reached after a three-year delay which U.S. President Barack Obama said would boost exports to South Korea by $11 billion and support at least 70,000 American jobs. An official …
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