Business and government voting is under way in south korea, but will new leadership make a difference this time . And, the wasteland. American Shopping Mauls are deserted and retailers are suffering, so what is President Trump planning to do about it . Welcome to World Business report. Im sally bundock. Also in the programme, Rico Willjoin us from singapore hes seen the latest International Monetary fund report on asian economies. But first, today, the people of south korea are voting for a new president. The election comes after the former head of state Park Geun Hye was removed from office as part of an Ongoing Investigation into corruption. The south korean economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . The current frontrunner, moonjae in, has vowed to boost Government Spending and create over 800,000 newjobs in the public sector. His main rival Ahn Cheol Soo feels the government should be mor
Mayer Brown’s Hong Kong partners plan to reestablish their firm as Johnson Stokes & Master, which was the name of the Hong Kong-based entity that merged with Mayer Brown in 2008.
Fresh corruption probes against an ex-chairman of CNPC and other high-flying industry veterans could mark the start of a new cycle in China s decade-long crackdown on graft in the energy sector.
China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalises on Washington's suspension of sanctions on the South American producer. In mid-October, Washington suspended sanctions on Venezuela's oil and gas exports for six months, prompting a flurry of spot trades of crude and fuel through Western traders such as Trafigura and Vitol as well as middlemen. Sinochem has agreed to buy the cargo of heavy Venezuelan Merey crude at a discount of $11 a barrel to dated Brent crude on a delivered ex-ship (DES) basis, three traders with knowledge of the purchase told Reuters.