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South Korea News.Net - Wednesday 22nd May, 2013
PYONGYANG, North Korea - In an indication that North Korea may give diplomacy a chance to end regional tension, its leader Kim Jong Un Wednesday sent a special envoy to China to win the confidence of its most important ally. The trip by Vice Marshal Choe Ryong Hae, a senior Workers' Party official and the military's top political officer, comes after months of ignoring Chinese warnings to ...
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South Korea News.Net - Thursday 23rd May, 2013
The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations. The PBOC move marked a turn-around in the central bank's open market operations last week when it drained 35 billion yuan from banks in the open market after hedging the ...
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South Korea News.Net - Thursday 23rd May, 2013
China has played a positive role in the continuous easing of the relationship between India and Pakistan, said a state-run daily which added, "China has not played balancing strategy, using one country against the other." An article in the Global Times said that when Chinese Premier Li Keqiang and his entourage flew from India to Pakistan Wednesday for a two-day visit, his plane was escorted by ...
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South Korea News.Net - Thursday 23rd May, 2013
Ford will close its manufacturing operations in Australia and 1200 workers will lose their jobs in October 2016. Ford Australia president and CEO Bob Graziano said that the company would shut the Geelong engine factory, costing 510 jobs, and the Broadmeadows car assembly line, shedding another 650 positions, reports News.com.au. Sacked workers have been offered a 39 million-dollar rescue ...