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(MENAFN - AFP) South Korea's top messaging app operator saw its share price soared 13 percent Monday -- a day after being named by financial regulators as one of two companies permitted to start Internet-only banking services.

Kakao Corp., which runs the Kakao Talk app, and telco major KT Corp each won preliminary approval from the Financial Services Commission (FSC) to ...

(MENAFN - AFP) Volatility returned to Shanghai stocks Monday, suffering their heaviest losses since the summer rout, with most other Asian markets lower at the start of an eventful week.

Chinese dealers have been buoyed by hopes the International Monetary Fund will agree to a proposal from its executive board to include the Chinese yuan, also known as the renminbi, in its ...

(MENAFN - AFP) BHP Billiton renewed Monday its commitment to do all it can to help following the deadly collapse of a waste water dam in Brazil, with the mining giant and partner Vale facing a huge lawsuit.

The Brazilian government announced on Friday plans to sue the two companies for US$5.2 billion in clean-up costs and damages after the November 5 collapse of the dam at ...

(MENAFN - AFP) As many Americans bought online as they did in physical stores during the Thanksgiving weekend shopping splurge, the National Retail Federation said Sunday, highlighting a growing trend away from the traditional Black Friday consumer assault.

The closely watched survey said that about 151 million people shopped either in stores and/or online over the long weekend ...

(MENAFN - AFP) Japan's factory output expanded again in October, data showed Monday, boosted by production of memory chips and electronic devices, in a rare bright spot for the recession-hit economy.

Economists were generally upbeat on the 1.4 percent expansion in activity -- the second consecutive monthly rise -- and said it signalled Japan's second recession in as many ...

(MENAFN - AFP) The Saudi developer behind plans for the world's tallest building said Sunday it had secured financing to complete the record-breaking project.

Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than $2 billion (1.9 billion euro) financing deal with Saudi Arabia's Alinma ...

(MENAFN - AFP) The Brazilian health ministry confirmed that there was a link between cases of microcephaly, a head deformity, in babies and the Zika virus, transmitted by mosquitoes that spread dengue.

The outbreak of microcephaly in northeastern Brazil "is a unique situation in global scientific research," the agency said in a statement.

Health authorities established ...

(MENAFN - AFP) While the golden domes of Turkmenistan's presidential palace hint at the country's fantastic gas wealth, the reclusive Central Asian country remains a slumbering giant in the high stakes game of energy politics.

An ex-Soviet republic of five million, Turkmenistan boasts more gas reserves per capita than any other country bar Qatar. But it has so far proved ...

(MENAFN - AFP) The International Monetary Fund is expected to approve inclusion of China's yuan in its SDR basket of elite currencies on Monday, rewarding Beijing's strong pursuit of the global status.

The IMF executive board is scheduled to meet Monday to decide on the recommendation by staff experts earlier in November to include the yuan, also known as the renminbi, alongside ...

(MENAFN - AFP) Chinese Internet tycoon Jack Ma's mooted buyout of Hong Kong's struggling South China Morning Post could see the paper prosper from his Midas touch, analysts say, but also further erode its independence and with it the city's press freedoms.

The once globally renowned paper was founded in 1903 and has long given international readers an insider's perspective ...

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