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(AFX UK Focus) 2008-12-05 08:18 UPDATE 3-South Korea eyes steps to revive demand for autos
Published December 5, 2008, 12:49 am, Interactive Investor
By Yoo Choonsik
UPDATE 3-South Korea eyes steps to revive demand for autos
Published December 5, 2008, 12:20 am, The Forex Market
SEOUL, Dec 5 (Reuters) - South Korea pledged on Friday to support the country's carmakers, sending shares in the industry sharply higher, as the government tries to dodge a recession by reviving demand in Asia's fourth-largest economy.
South Korea eyes steps to revive demand for autos
Published December 5, 2008, 12:03 am, Reuters via Yahoo! Singapore News
(Updates with minister, share prices, other countries)
Asian spreads widen
Published December 4, 2008, 11:30 pm, Philippine Daily Inquirer
HONG KONG -- Asian bonds weakened on Friday but trade was muted ahead of US employment data due later in the day, after bleak figures earlier in the week showed the world's largest economy was already mired in recession.
South Korea plans help for struggling carmakers
Published December 4, 2008, 11:22 pm, Channel NewsAsia
SEOUL: South Korea's government is considering tax cuts for automakers who are struggling with declining domestic and overseas demand, according to a minister.
SKorea plans help for struggling carmakers
Published December 4, 2008, 10:30 pm, TODAYonline
South Korea's government is considering tax cuts for automakers who are struggling with declining domestic and overseas demand, according to a minister. Combined vehicle sales for local industry leader Hyundai Motor and four others fell 8.6 percent year-on-year to 445,111 in November.
Dow and PIC of Kuwait sign binding joint venture agreement to launch K-Dow Petrochemicals
Published December 4, 2008, 9:30 pm, Mena Report
The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC), a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), today announced that they have signed the Joint Venture Formation Agreement and other key definitive agreements regarding the formation of K-Dow Petrochemicals, a 50:50 joint venture that will be the leading global supplier of petrochemicals and plastics.
Dow production, workers to be cut
Published December 4, 2008, 9:06 pm, The Facts
FREEPORT — Dow Chemical Co. will reduce its contract labor force in Freeport by “thousands” and ask non-essential full-time employees to take vacations from work after announcing Texas Operations will drop overall production to 35 percent.
Qatar warns of crude supply shock
Published December 4, 2008, 8:09 pm, Zawya
Dubai: The world faces a crude supply shock if oil prices remain below $70 (Dh257.11) per barrel, Qatar's Energy Minister Abdullah Bin Hamad Al Attiyah said on Wednesday arguing that lower prices would discourage investment in new capacity.
Background Note: Turkey
Published December 4, 2008, 2:01 pm, Scoop.co.nz
Geography Area: 780,580 sq. km. Cities: Capital --Ankara (pop. 3.9 million). Other cities --Istanbul (11.3 million), Izmir (2.6 million), Bursa (1.5 million), Adana (1.5 million), Gaziantep (1.2 million).
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