President Keiichi Konaga has denied reports that Japan has given up hope of reaching a settlement with Saudi Arabia on extension of oil drilling rights for the company, saying he will continue to negotiate with Riyadh for a renewal. Feb 24 Asia Pulse - South Korea saw its most severe trade deficit with Japan last year, the Commerce, Industry and Energy Ministry says. In the US overnight, a return to technology stocks saw the blue chips again out of favour, as investors were apparently Business intelligence, news, tenders and expert commentary on the economies of Asia provided by Asia Pulse Pte Ltd and Presented by Access Business Online under terms and conditions of use and disclaimer. Restrictions, Disclaimer and Copyrights are available here. Concerned about the stability of the Shekel, Israelis are rushing to buy U.S. dollars, pushing the rate of exchange up by 1.82 per cent in one day.
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