Canada is taking more time to review Chinese state-owned CNOOC's takeover bid for Canadian oil and gas producer Nexen. It would be China's biggest overseas energy acquisition.Canada's Industry Minister Christian Paradis said in a statement that the review of the proposed purchase, with its $15.1 billion price tag, has been extended by 30 days until Dec. 10.Extensions under the Act are not unusual, Paradis said. It's the second time the review has been extended.Canada is in the process of studyin

World Business Nov. 3, 2012

Hyundai and Kia, Korea's two biggest automakers, overstated the gas mileage on 900,000 vehicles sold in the past three years, a discovery that could bring sanctions from the U.S. government and millions of dollars in reimbursements to car owners.The inflated mileage was uncovered in an audit of test results by the Environmental Protection Agency, which ordered the Korean automakers to replace fuel economy stickers on the affected cars. The new window stickers will have figures that are one-to-si

Mobility Nov. 3, 2012

Researchers at North Carolina State University say a vulnerability discovered in Android could lead to text message phishing for personal information.The vulnerability affects devices running Gingerbread, Ice Cream Sandwich, and Jelly Bean versions of the Android operating system, Slash Gear reported.The vulnerability would allow a downloaded app infected with malware to make it appear the phone receive texts messages from someone on the phone user's contact list.Such fake messages can be used t

Technology Nov. 3, 2012

Korea's decades-old project to build an airfield on an island in the East Sea was thrown into doubt again Saturday as a state-run think tank raised questions about its economic feasibility.Since the 1980s, South Korea has planned to build a mini-airport that could handle 50-seater aircraft on Ulleung Island, the closest Korean territory to its easternmost islets of Dokdo. A final decision to proceed with the project worth 479.8 billion won ($439 million) has been delayed because of its uncertain

National Nov. 3, 2012

A highly anticipated economic report failed to jolt the fiercely close U.S. presidential race four days before Americans choose between President Barack Obama and Republican challenger Mitt Romney, two candidates prescribing starkly different solutions for putting the country on a more prosperous path.Obama and Romney both tried to seize on the monthly jobs report released Friday to energize their bases and sway the few undecided voters still out there.The numbers held something for both candida

World News Nov. 3, 2012

Israel has expressed an interest in buying four frigates from South Korea and plans to send a team of its officials to Seoul next month to pursue a potential deal, a Seoul official said Saturday."Israel recently expressed an interest to buy four frigates," said the official at the state-run weapons procurement agency, Defense Acquisition Program Administration (DAPA). The official said Israel will "send its due diligence team to two South Korean manufacturers of warships in the middle of next mo

Defense Nov. 3, 2012

South Korea and India agreed to provide a combined US$1.1 billion worth of financial support for their bilateral business cooperation, the finance ministry said.The agreement was signed during the finance minsters' meeting held in central Seoul earlier in the day between the two countries, according to the ministry.Under the agreement, both will provide the financial support through their own export-import banks over the next five years to companies seeking to join in infrastructure construction

Business Nov. 3, 2012

Samsung Electronics Co. said it is considering delaying the completion of a factory to produce system semiconductors due to macroeconomic headwinds.Samsung Electronics said that it is considering pushing back the completion of a 2.25 trillion won (US$2.06 billion) factory due to the global economic slowdown and market conditions. The factory, located in Hwaseong, 60 kilometers south of Seoul, is under construction.The world's top maker of computer memory chips originally planned to finish the co

Technology Nov. 3, 2012

The head of South Korea's top sports body has vowed to investigate badminton and fencing officials for their roles in off-field controversies.Park Yong-sung, president of the Korean Olympic Committee (KOC), said he will look to hold badminton coaches responsible for the match-throwing scandal that saw four South Korean female doubles players disqualified from the London Olympics earlier this month

Olympic Games Aug. 12, 2012

Russian Sports Minister Vitaly Mutko has questioned some of the judging at the London Olympics, specifically in boxing and weightlifting.Mutko pointed to Irish lightweight Katie Taylor's 10-8 win over Russia's Sofya Ochigava in the women's boxing final on Thursday.``How can you give such scores? You'd have to be blind,'' Mutko was quoted by RIA Novosti news agency as saying.The head of Russia's Ol

Olympic Games Aug. 12, 2012

The IOC has postponed accepting four elected athletes as new members after Japan appealed its candidate's exclusion for campaigning too hard at the London Games.International Olympic Committee President Jacques Rogge said ``legal issues'' prevented the new athletes' representatives from joining on Sunday.Rogge says ``there is no doubt that rules were infringed,'' prompting the IOC to remove Japane

Olympic Games Aug. 12, 2012

Uganda's Stephen Kiprotich won the men's Olympic marathon on Sunday.Kiprotich timed 2hr 08min 01sec on the course around the streets of central London, with two-time defending world champion Abel Kirui claiming silver in2:08.27.Another Kenyan, Wilson Kipsang, took bronze in 2:09.37.(AFP)

Olympic Games Aug. 12, 2012

IOC President Jacques Rogge says Usain Bolt is a legend after all.Rogge said earlier this week the Jamaican sprinter needed to prove his greatness over time before claiming to be a ``living legend.''On Sunday, Rogge relented a bit.He said: ``Let me finalize this issue as follows: To say that Usain Bolt is an active performance legend, he is an icon, he is the best sprinter of all time.''Bolt won t

Olympic Games Aug. 12, 2012

A fire that damaged Samsung Electronics' new flagship smartphone last month was caused by mishandling by the owner and had nothing to do with the device itself, the South Korean tech giant said Saturday.Samsung, the world's largest mobile phone manufacturer, said it received confirmation from an independent fire investigation service in Britain that the incident involving the Galaxy S3 was not a m

World News July 7, 2012

Polls opened on Saturday for Libya's first national elections in over four decades amid acts of sabotage in the east by protesters who feel their region is under-represented in the incoming congress.In Tripoli, polling stations opened on schedule at 0500 GMT with lines of voters eager to elect the General National Congress, which will be at the helm of the country for a transition period, an AFP j

World News July 7, 2012