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S. Korean court acquits Samsung chief over 2015 merger case: Yonhap
S. Korean court acquits Samsung chief over 2015 merger case: Yonhap
Economy
by  AFP

A South Korean court on Monday acquitted Samsung Electronics chief Lee Jae-yong of a raft of crimes linked to a controversial 2015 merger, the Yonhap news agency reported. The verdict from the Seoul Central District Court clears Lee of several charges including stock price rigging, breach of trust and accounting fraud in the 2015 merger between Samsung C&T and Cheil Industries.

Asia markets take a hit as blockbuster US jobs batter rate cut hopes
Asia markets take a hit as blockbuster US jobs batter rate cut hopes
Economy
by  AFP

Asian markets mostly fell Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome Powell shattered any remaining hopes for a March interest rate cut. Combined with a robust January jobs report, hopes of an early spring adjustment have moved from improbable to impossible."