Browsing: Business

South Korea and African nations will unveil a significant economic cooperation strategy centered on artificial intelligence and technological progress during the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. This event marks two decades of bilateral engagement, gathering cabinet ministers,

– In August, South Korea’s foreign exchange reserves experienced their most significant monthly increase ever, reaching a total of $442.28 billion by month’s end, according to the Bank of Korea. This represents a $14.33 billion jump from July’s $427.95 billion,

– South Korea’s consumer prices increased by 3.1% in August compared to the previous year, according to official statistics. This uptick represents a growth from 2.8% in July and pushes the headline inflation rate back above 3%. The consumer price

The Republic of Korea’s outbound shipments experienced a significant increase of 68.7% year-on-year in August, reaching a total of $98.25 billion. This growth was primarily fueled by steady global demand for high-performance memory chips and artificial intelligence infrastructure. Data from

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

– Japan’s Nikkei 225 declined almost 2% in early trading on Monday amid mounting expectations for increased interest rates. The index dropped 1.97% to 65,096.63 before further losing ground to an intraday low of 64,832.10. The sell-off was primarily concentrated

– Indonesia has strengthened cooperation between its investment and sports ministries to foster growth in the nation’s sports sector. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed a memorandum of understanding on August

– Al Dahra Agriculture Trading and Egypt’s General Authority for Supply Commodities have formalized a five-year wheat procurement plan valued at up to US$500 million. This agreement transitions Egypt’s 2023 financing setup into an active import arrangement. Under the deal,

– Oil prices edged higher on Tuesday after experiencing declines exceeding 2% in the previous session for both Brent crude and WTI. Brent futures increased by 27 cents, or 0.3%, reaching $92.44 a barrel at 0330 GMT, while U.S. West

– Alibaba Group has announced an HK$80 billion share issuance aimed at financing AI investments and enhancing its AI infrastructure. The company plans to issue 710 million new ordinary shares at HK$112.70 each, equating to roughly US$10.2 billion based on