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☆ Investors turn more bearish on Asian FX amid return of King Dollar
▼ + stars: | 2023-03-09 | by ( Harshita Swaminathan | ) www.reuters.com time to read: +3 min

Bearish bets intensified on nearly all Asian currencies, with short bets on the South Korean won and the Chinese yuan reaching their highest since November, according to a fortnightly poll of 12 analysts. Short bets on the won were the highest among Asian currencies for the second week in a row. However, the Indian rupee , already the best performing currency in Asia so far this year, bucked the bearish trend as investors dialled back their short bets. Short bets on the ringgit rose slightly. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.

☆ Factbox: South Korea moves to resolve historical, legal disputes with Japan
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Kim Hong-JiSEOUL, March 6 (Reuters) - South Korea on Monday proposed establishing a public foundation to compensate victims of wartime forced labour by Japan, to help resolve strained ties between the two countries. Efforts to overcome historical disputes between South Korea and Japan were renewed under South Korean President Yoon Suk Yeol, who took office in May, with both countries vowing to improve ties. Japan says the matter of any compensation for forced labour was settled under a 1965 treaty normalizing diplomatic ties and providing South Korea with economic assistance. - Relations deteriorated in 2019 when Japan restricted exports of high-tech material to South Korea. Under Yoon, South Korea has resumed trilateral military drills and agreed to more intelligence sharing on things like tracking ballistic missile launches from North Korea.

☆ North Korea may fire ICBM at normal angle, conduct nuclear test - S. Korean lawmakers
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Feb 22 (Reuters) - North Korea could test-fire intercontinental ballistic missiles at a normal angle and conduct its seventh nuclear test this year to perfect its nuclear and missile capabilities, South Korean lawmakers said on Wednesday, citing intelligence officials. The isolated country has so far conducted ICBM tests on lofted trajectories, but has already secured capabilities to launch them at a normal angle, which it might do to pressure the United States, the lawmakers said after a briefing by Seoul's National Intelligence Service (NIS). North Korea is also likely to launch a spy satellite this year in line with its previous warnings, said Yoo Sang-bum, a member of the parliamentary intelligence committee. Reporting by Hyonhee Shin; Editing by Himani Sarkar and Lincoln Feast. Our Standards: The Thomson Reuters Trust Principles.

☆ I work at Trader Joe's. Here are 7 things I refuse to buy there—and what to get instead
▼ + stars: | 2023-02-17 | by ( Christian Beltran | ) www.cnbc.com time to read: +3 min

Christian Beltran (left) has been working at Trader Joe's since 2021. I started working at Trader Joe's in 2021. Instant Cold Brew CoffeeWhat to buy instead: Organic Cold Brew Coffee, $5.49Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023Trader Joe's Instant Cold Brew Coffee is a fine, dark powder made of 100% Arabica coffee beans. Shredded HashbrownsWhat to buy instead: Hashbrowns, $2.49Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023I prefer Trader Joe's hashbrown patties over its shredded version, which tends to clump up in the bag and is more difficult to prepare. Poppy Pinot NoirWhat to buy instead: Loudenotte Cuvée Réservée Pinot Noir, $6.99Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023

☆ North Korea shows off design for new, more dangerous missile while rolling out enough ICBMs to possibly overwhelm US defenses
▼ + stars: | 2023-02-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

North Korea boasted its progress on a new and dangerous solid-fueled missile at a military parade. In recent years, North Korea has indicated that its missile program is pivoting toward the use of solid fuel, Ian Williams, deputy director of the Missile Defense Project at the CSIS, told Insider. North Korea has displayed large canisters before, but the ones displayed on Wednesday appear to be more legitimate than those in the past, Williams said. This is because the defense system's interceptors would not have the capacity to engage all credible threats. Furthermore, missile defense should be thought of as one part of a larger "missile defeat complex," he added.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

☆ A stock market crash and a Great-Depression-style economy are among the boldest forecasts for 2023.
▼ + stars: | 2023-01-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now it's full speed ahead into 2023 — and the first Opening Bell newsletter of the year is a doozy. Over the last 12 months, volatility defined global markets. Some of the worst-performing tokens plummeted more than 90%, and one North Korean cyberattack resulted in a $625 million theft. Here is your complete guide to navigating the stock market. Oil (WTI) price on Jan. 3, 2023 Markets Insider10.

Airlines are drawing up plans to expand their services but ordinary Chinese and travel agencies suggest that a return to anything like normal will take some time. But an immediate surge in international travel is not widely expected. According to VariFlight data, international flights to and from China are at 8% of pre-pandemic levels. Weighing on many people's travel plans is the wave of COVID-19 infections now sweeping China, Liu said. One of the fastest bouncebacks is expected to be in international business travel.

☆ Head of Russia's Wagner group dismisses talk of N. Korean weapons as gossip
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: 1 min

Dec 22 (Reuters) - The head of private Russian military company the Wagner Group on Thursday dismissed as "gossip and speculation" a U.S. assertion that it had taken delivery of an arms shipment from North Korea. "Everyone knows that North Korea has not been supplying any weapons to Russia for a long time. And no such efforts have even been made," Wagner owner Yevgeny Prigozhin said in a statement. Reporting by David Ljunggren and Ron Popeski; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ North Korea says its new spy satellite hit a major milestone, but it may be 'too crude' to be useful
▼ + stars: | 2022-12-19 | by ( Park Chan-Kyong | South China Morning Post | ) www.businessinsider.com time to read: +6 min

North Korea launched a rocket carrying a test satellite was launched on Sunday. The rocket carrying the test satellite was launched on Sunday to assess its photography and data transmission systems, state media said. North Korea launched Hwasong-17 ICBMs in February and March, claiming they were spy satellite test launches. South Korea, Japan and US authorities on Sunday said they detected a pair of ballistic-missile launches by North Korea from its northwestern Tongchang-ri area, where the North's satellite launch pad is located. North Korean leader Kim Jong Un and his daughter with what North Korean media called a Hwasong-17 ICBM in Pyongyang on November 18.

☆ North Korea Wants Dollars. It’s a Sign of Trouble.
▼ + stars: | 2022-12-09 | by ( Choe Sang-Hun | Pablo Robles | ) www.nytimes.com time to read: +18 min

Media Korean Studies 2016 2008 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Media Korean Studies 2008 2016 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Under Mr. Kim, North Korea has opened a new terminal at the city’s international airport, renovated subway stations and opened new amusement parks. Missile tests this year alone cost North Korea hundreds of millions of dollars, according to estimates by South Korean and American researchers. An array of cell phones, assembled in North Korea with components imported from China, is on sale and advertised on state TV.

☆ How Cho Gue-sung became the breakout thirst trap of the World Cup
▼ + stars: | 2022-12-07 | by ( Soo Youn | ) www.nbcnews.com time to read: +6 min

Cho, 24, was a local celebrity as a player for Jeonbuk Hyundai Motors FC before the World Cup, when he had 20,000 Instagram followers. Cho first generated buzz in his World Cup debut during Korea’s match against Uruguay, which ended in a scoreless tie. South Korea's Cho Gue-sung, center, during the FIFA World Cup match against Ghana in Al Rayyan, Qatar, on Nov. 28. One can point to 2002’s World Cup heartthrob, Ahn Jung Hwan, whose beauty was only celebrated locally in South Korea. “He’s hot, he knows it, and he scored two goals for Korea in the World Cup.

☆ Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening
▼ + stars: | 2022-12-01 | by ( Savyata Mishra | ) www.reuters.com time to read: +4 min

Market participants turned bullish on the U.S. dollar-sensitive South Korean won for the first time since July 1, 2021, the poll of 12 analysts showed on Thursday. Expectations that the dollar's strength and U.S. yields had peaked saw investors return to emerging markets in November. "Given the negative burden of the Fed's tightening cycle on Asian currencies, an eventual pivot toward easing will likely deliver a rally in Asia FX," BofA analysts said in a note last week. However, Barclays analysts warn of challenges from increased fragmentation of domestic politics and the slowing economy. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.

☆ North Korea says its nukes are about the children after photos dropped of Kim Jong Un bringing his daughter to a missile launch
▼ + stars: | 2022-11-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

After the test, North Korea reportedly said that nuclear weapons and missiles are about the country's children. State media outlet KCNA confirmed that the North Korean leader attended the launch "with his beloved daughter and wife." North Korean leader Kim Jong Un walks away from an ICMB in this photo released on November 19, 2022 by North Korean state news. In September, the North Korean leader declared North Korea's nuclear-armed status irreversible. This photo provided on Nov. 19, 2022, by the North Korean government shows North Korean leader Kim Jong Un, right, and his daughter inspects a missile at Pyongyang International Airport in Pyongyang, North Korea, Friday, Nov. 18, 2022.

☆ Ford October sales slide 10% largely due to supply chain issues
▼ + stars: | 2022-11-02 | by ( Michael Ballaban | ) edition.cnn.com time to read: +1 min

New York CNN Business —Ford saw its October US sales slump 10% over the last year as the company continued to battle supply chain difficulties. Ford sold 158,327 vehicles last month, down from almost 176,000 vehicles in the same period last year, the company said Wednesday. Not all automakers saw sales declines, however. Korean automakers Hyundai and Kia reported strong sales for the third month in a row, and Japanese automaker Toyota saw year-over-year sales rise 28% in October. Issues getting cars delivered to customers aside, “Ford continues to see strong demand for its vehicles,” Ford’s vice president in charge of sales for gasoline-fueled vehicles, Andrew Frick, said in a statement.

☆ Australia's Lake Resources to supply lithium to S. Korean battery maker
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Australia's Lake Resources (LKE.AX) said on Wednesday it had signed a deal with South Korean battery maker SK On Co Ltd to supply lithium from its flagship Kachi project in Argentina. SK On, a unit of SK Innovation (096770.KS), will acquire a 10% stake in New South Wales-based lithium developer Lake Resources as part of the agreement. Automobile and battery makers have been signing deals with Australian miners for supply of lithium, a key ingredient in electric vehicle batteries, amid a global push towards cleaner sources of energy. read moreThe agreement allows SK On to secure a stable lithium supplier for its U.S. supply chain, said Jinsuk Ryu, SK On's vice president. Last month, Lake Resources said operations at its Kachi project were proceeding, after a dispute with Bill Gates-backed Lilac Solutions over certain performance milestones to get a 25% stake in the project.

☆ These are the 20 best airlines in the world, according to one survey of travelers: See the full list
▼ + stars: | 2022-09-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Qatar also won titles for having the world's best business class, the best business class seat, and the best business class lounge dining, according to the Skytrax survey. Meanwhile, Southwest Airlines earned two titles, including the best low-cost airline in both North America and the US. Here's a closer look at the world's Top 20 best carriers for 2022, according to Skytrax's survey of travelers. Jakub Porzycki/NurPhoto via Getty ImageTurkish Airlines is based in Istanbul and flies routes throughout Africa, Asia, Europe, North America, and South America. Qatar AirwaysDoha-based Qatar Airways is the world's best airline, according to survey data collected by Skytrax.

☆ JP Morgan says stocks in South Korea and India could 'surprise' investors in 2020
▼ + stars: | 2019-11-28 | by ( Stella Soon | ) www.cnbc.com time to read: +1 min

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Year end, however, we're looking at 700," J.P. Morgan's head of Asia ex-Japan equity research, James Sullivan, said Monday. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. But stocks in Asia could benefit as global tech demand recovers and companies resume investments. Korean and Indian equities, in particular, could benefit from these trends and "surprise" investors, Sullivan said.

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