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South Korean regulator names foreign firms fined for naked short-selling

SEOUL (Reuters) -South Korea’s financial regulator said on Thursday it imposed fines on five foreign firms in December for violation of naked short-selling rules in the local stock market. Naked short-selling of stocks – in which an investor short sells shares without first borrowing them or determining they can be borrowed – is banned by …

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Hope fades for survivors as Turkey-Syria earthquake toll passes 20,000

By Umit Bektas, Mehmet Caliskan and Khalil Ashawi ANTAKYA, Turkey/JANDARIS, Syria, (Reuters) – Cold, hunger and despair gripped hundreds of thousands of people left homeless after the earthquakes that struck Turkey and Syria three days ago as the death toll passed 20,000 on Thursday. The rescue of a 2-year-old boy after 79 hours trapped in …

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Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue

SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure on its business. Backed by funding from Beijing, SMIC is China’s best hope for becoming a global leader in chip manufacturing that can rival Taiwan …

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Daughter of North Korean leader Kim shares spotlight with nuclear missiles

By Josh Smith SEOUL (Reuters) – Sharing drinks, watching missile parades and dining with senior army commanders, North Korean leader Kim Jong Un’s daughter was centre stage with her father and mother at major military events this week. Her presence has added to speculation that she could be in line for a leadership position – …

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