SOUTH KOREA

Sebastian Vettel

Sebastian Vettel Takes Record Pole for Red Bull

Red Bull set a Formula One record of 16 pole positions in a season when double world champion Sebastian Vettel lapped fastest in qualifying for the inaugural Indian Grand Prix on Saturday.

South Korea's Noh Sizzles as McIlroy Leads in Shanghai

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South Korean youngster Noh Seung-yul overcame an injured ankle to hit a bogey-free round of 63 to trail U.S. Open champion Rory McIlroy by two strokes at the halfway stage of the $5 million Shanghai Masters Friday.
Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Exclusive: China eyes creation of ASEAN Bank

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
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Webb Simpson of the U.S. hits from the number two tee at East Lake Country Club during round three of the Tour Championship PGA golf tournament in Atlanta, Georgia

Donald Loses Ground to Simpson in Money List Duel

World number one Luke Donald lost ground in his battle with Webb Simpson for the PGA Tour money list title as the Briton carded a one-under-par 71 in Friday's second round of the Disney Classic at Lake Buena Vista in Florida.

Senate Approves Bryson as Commerce Secretary

The U.S. Senate, on a bipartisan vote of 74-26 on Thursday, confirmed former energy company executive John Bryson as commerce secretary, despite the objection of some Republicans due to his background as an environmentalist.
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Nanotube Yarns can Twist Like Muscles

Yarns, made of the tiny straws of carbon called nanotubes, have an astounding ability to twist as they contract, according to scientists. The effect, reported in Science, is similar to the action of muscles found in elephant trunks and squid tentacles.
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Obama, Lee Hail Trade Deal, Pressure North Korea

President Barack Obama and South Korean President Lee Myung-bak on Thursday hailed a long-sought trade deal as an engine for job creation in both countries and presented a united front in the North Korean nuclear standoff.
Nouriel Roubini

Nouriel 'Dr. Doom' Roubini's Economics Firm Up for Sale

Roubini Global Economics, the global investment research firm co-founded by NYU economist Nouriel “Dr. Doom” Roubini, is reportedly for sale, as it continues to lose money, according to a report from CNBC’s David Faber.
Vijay Mallya, co-owner of the Force India Formula One team, extends his hand to Sahara Group Chairman Subrata Roy at a news conference in New Delhi

Sahara Group Invests $100 mln in Force India

Indian business conglomerate Sahara group has invested $100 million in Force India and taken a 42.5 percent stake in the Formula One team which it now co-owns with liquor baron Vijay Mallya while Dutch entrepreneur Michiel Mol takes a backseat.
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Apple’s iOS 5 debuts

Apple rolled out its iOS 5 mobile operating system, one week after pancreatic cancer claimed the life of its former CEO and visionary Steve Jobs. The update adds voice recognition software called “Siri”, instant messaging and support for Apple’s iCloud service, although the inclusion of Siri is limited to the iPhone 4S. MacWorld’s Dan Moren says the free update is “ambitious” and that “there’s hardly a part of Apple’s mobile operating system that isn’t altered in some way”. Engadget’s Dante...
A customer uses an automated teller machine at the headquarters of the Korea Exchange Bank in Seoul

Hana Willing to Renegotiate $4.1 Billion KEB Deal

Hana Financial Group is willing to renegotiate its agreed $4.1 billion deal to buy Korea Exchange Bank from Lone Star , should the U.S. fund decide not to appeal a court verdict against it, Hana's chairman said on Tuesday.

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