North Korea News
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NORTH KOREA, 2016/05/15
A Russian official says North Korea has seized a Russian yacht with five crew members in the Sea of Japan without offering any "explanation."
"The North Korean side has communicated that the yacht has been taken to the port of Kimchaek," said Igor Agafonov, a Russian foreign ministry official on Saturday.
He added that the crew members aboard Elfin are alive and unharmed and that Russia is attempting to gain access to them.
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CHINA, 2016/03/06
The four largest Chinese banks have stopped yuan and dollar cash transfers to North Korea, reports the Japanese newspaper Tokyo Shimbun.
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CHINA, 2016/01/26
Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week.
The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks.
In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
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JORDAN, 2013/08/21
Jordan has named South Korean consortium to construct the kingdom's initial nuclear reactor at a cost of 130 million, officials said today.
The reactor will have a capacity of 5-megawatt and will be set up in the northern part of the kingdom, Jordan Atomic Energy Commission said in a statement.
Companies taking part in the consortium include Korean Atomic Energy Research Institute (KAERI) and Daewoo.
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NORTH KOREA, 2013/07/27
North Korea staged a massive military parade on Saturday to celebrate the 60th anniversary of the armistice that ended the Korean War.
The parade, which is Pyongyang's major ever, was held at the major Kim Il Sung square and presided over by the young leader Kim Jong-un. China's Vice President Li Yuanchao joined him on the podium. Goose-stepping soldiers were accompanied by a lavish display of weapons that was dominated by North Korea's arsenal of missiles.
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NORTH KOREA, 2013/02/24
North Korea is to allow mobile Internet for some foreigners. The government has decided to allow foreign residents in Pyongyang to tweet, Skype and surf the Internet from their cellphones, iPads and other mobile devices.
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NORTH KOREA, 2012/10/31
South Korea posted a seasonally adjusted current account surplus of $3.09 billion in September, the Bank of Korea said on Tuesday - down from $4.31 billion in August but remaining in the black for the eighth consecutive month.
On an unadjusted basis, South Korea posted a current account surplus of $6.07 billion after showing a-month low surplus of $2.36 billion.
