Lehman shares fell another 3.6 percent before the bell on Wednesday in electronic trading ahead of the New York Stock Exchange open. Over the past three days, the stock has tumbled 18 percent, chopping nearly $4 billion of market value from the company.
According to the newspaper, options for Lehman in Korea include the state-run Korea [...]
The Board of Audit and Inspection has asked the government to sell 15 subsidiaries of state-run corporations including Korea Real Estate Investment Trust, Korea Housing Management, Korea Asset Investment Trust, Ansan Urban Development Institute and Korea Enterprise Data to private firms.
It is also calling for the restructure of seven subsidiaries of state-run corporations and the [...]
So far this year, the offshore bond market in Asia outside Japan has seen offers from the Indonesian and Philippine governments, the Asian Development Bank and a clutch of investment-grade quasi-sovereign issuers like the Korea Development Bank and Export-Import Bank of Korea.
Sovereign issuers including Vietnam and Pakistan, as well as state-backed entities like Canara Bank [...]
Mitsubishi Corp., Tokyo Electric, Kia Motors: Asia Bond Alert
By Denise Kee
Feb. 4 (Bloomberg) — Mitsubishi Corp., Japans largest
trading company, and Tokyo Electric Power Co., Asias largest
utility, are among borrowers seeking to sell at least $6.4
billion of bonds in Asia, [...]
Chipmakers, Shipyards, Hyundai E%26amp;C: Korea Equity Movers Final
By Kyung Bok Cho
Feb. 4 (Bloomberg) — South Koreas Kospi index advanced
55.60, or 3.4 percent, closing at 1,690.13 in Seoul, its biggest
gain since Nov. 26.
[...]
Kia Motors, Hyundai, Kookmin Bank, Woori Bank: Asia Bond Alert
By Denise Kee
Jan. 15 (Bloomberg) — Kia Motors Corp., South Koreas
second-largest automaker, Kookmin Bank, South Koreas largest,
Woori Bank, a unit of South Koreas third-largest financial
services company and Nippon Telegraph %26amp; [...]
Indonesia Sells $2 Billion of Bonds at Higher Yields (Update4)
By Patricia Kuo and Lester Pimentel
Jan. 11 (Bloomberg) — Indonesia sold $2 billion of bonds,
paying the highest yield in two years, in a sign that other
developing nations face increasing borrowing [...]
South Korean Stocks Fall; Hyundai Engineering, Daewoo Decline
By Kyung Bok Cho
Jan. 8 (Bloomberg) — South Korean stocks fell, led by
Hyundai Engineering %26amp; Construction Co. and Daewoo Shipbuilding %26amp;
Marine Engineering Co. after a report Korea Development Bank will
delay selling shares it holds in the companies.
Woori Finance Holdings Co. rose on speculation the [...]
The following is a list of companies
whose shares may have unusual price changes in Asian markets,
excluding Japan. Stock symbols are in parentheses after company
names and prices are from the last close.
Shipbuilders: South Korea will block all single-hulled
vessels from entering its waters from 2011, five years ahead of
its earlier plan, after a [...]
The following shares may rise or fall
in South Korea. Prices refer to the previous close. This preview
includes news announced after markets shut yesterday. Stock
symbols are in brackets after the company names.
The Kospi index lost 1.8 percent to 1,831.14. The Kosdaq
retreated 1 percent to 711.77. Kospi 200 futures expiring in March
slid 2.2 [...]
