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Weak economy hits Korea’s oldest ‘chaebol’

Bloomberg South Korea’s oldest chaebol is finding that being a big conglomerate in a weak economy can be difficult. Shares of Doosan Heavy Industries & Construction Co. slid as much as 9.9 percent in Seoul, its lowest since August 2004, after it announced that its affiliate Doosan Engineering & Construction Co. plans to issue 420 billion won of new shares ...

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Huawei chair rejects notion it helps China open ‘back doors’

Bloomberg Huawei Technologies Co. would deny any Chinese government request to open up “back doors” in foreign telecommunications networks because they aren’t legally obliged to do so, the company’s chairman says. Liang Hua said the company had received an independent legal opinion about its obligations under Chinese law and said there is nothing forcing companies to create what he called ...

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‘China coal delays not unprecedented’

Bloomberg Blowouts in Australian coal processing times at Chinese ports are not unprecedented and the government is working with officials in Canberra and Beijing to clarify reasons for the current round of delays, Trade Minister Simon Birmingham said. Processing times for Australian coal shipments have expanded to close to 40 days from about 25 days at some ports, he told ...

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