Browsing: Business

– In August, South Korea’s foreign exchange reserves experienced their largest monthly expansion ever, reaching $442.28 billion by the end of the month, according to the Bank of Korea. This marked a growth of $14.33 billion compared to $427.95 billion

– South Korea’s consumer prices experienced a 3.1% increase in August compared to the same month last year, according to official statistics. This uptick marks a rise from 2.8% in July, pushing the headline inflation rate above 3%. The consumer

The Republic of Korea’s outbound shipments experienced a 68.7% year-on-year increase in August, totaling $98.25 billion. This surge was largely driven by persistent global demand for high-performance memory chips and artificial intelligence infrastructure. Data published by the Ministry of Trade,

– Prime Minister Narendra Modi has lauded India’s 7.8% expansion in the economy during the April to June quarter of fiscal 2026-27. He described this achievement as a “herculean feat” following official data indicating sustained growth across key sectors of

– Japan’s Nikkei 225 declined nearly 2% during early trading on Monday amid growing expectations for increased interest rates. The index fell 1.97% to 65,096.63 before further decreasing to a session low of 64,832.10. The initial sell-off was concentrated in

– Indonesia has strengthened collaboration between its investment and sports ministries to promote investment within the national sports industry. On August 28, Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed a memorandum of

– Al Dahra Agriculture Trading and Egypt’s General Authority for Supply Commodities have put into effect a five-year agreement for wheat supply valued at up to US$500 million. This deal transitions Egypt’s 2023 financing structure into a practical import operation.

– Oil prices experienced a slight upward movement on Tuesday following a more than 2% decline in Brent crude and WTI during the previous trading session. Brent futures increased by 27 cents, or 0.3%, reaching $92.44 per barrel at 0330

– Alibaba Group has announced an HK$80 billion share placement aimed at funding its artificial intelligence initiatives and enhancing its AI infrastructure. The Chinese tech giant plans to issue 710 million new ordinary shares at HK$112.70 each, valuing the deal

– South Korea has embarked on its inaugural container vessel expedition via the Arctic route to Europe. The 2,758-TEU PanStar Acro departed from Busan New Port around 9 p.m. on August 22. The Ministry of Oceans and Fisheries verified the