Browsing: Business
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday. Official reserves stood
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose
SEJONG: South Korea’s exports climbed to a record $86.1 billion in March, passing the $80 billion mark for the first time and posting a 48.3% increase from a year earlier, government data showed on April 1. Imports rose 13.2% to
TOKYO: Japan’s industrial output fell 2.1% in February from the previous month, official preliminary data showed on Tuesday, as weaker production in autos, fabricated metals and electronic parts reversed some of January’s strength. The decline matched economists’ median forecast and
CHONGQING: China’s medical equipment market expanded 60.5% between 2021 and 2025, reaching 1.44 trillion yuan ($208 billion) last year, according to data released at the 2026 China Medical Equipment Conference in Chongqing. The figures also showed medical equipment exports totaled
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The total marked
DUBAI: Dubai rose to seventh place in the latest Global Financial Centres Index, its highest position on record, as the emirate strengthened its standing among the world’s leading financial hubs. The ranking in GFCI 39, released on March 26, placed
SEOUL: Asian stock markets fell on Friday, with South Korea’s Kospi leading early losses, as investors weighed another extension in U.S.-Iran diplomacy against continued disruption to energy flows and a sharp overnight selloff on Wall Street. The broader MSCI index
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves