Browsing: Business

– Gold prices stayed above $4,400 an ounce on Thursday after reversing an earlier decline from the previous session. The spot gold price increased 0.3% to $4,414.28 an ounce by 0419 GMT, while U.S. gold futures for December slipped 0.1%

– The Panama Canal is contemplating a further reduction in daily vessel transits due to ongoing drought conditions affecting its water reserves. According to Administrator Ilya Espino de Marotta, the number of ships passing through could decrease to approximately 29

German automaker Volkswagen AG agreed Monday to sell its Osnabrück manufacturing facility to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony, paving the way for the site to be transformed into a dedicated defense manufacturing

– By the end of August 2026, Egypt’s net international reserves stood at a record $57.2145 billion. The Central Bank of Egypt announced this preliminary figure on September 7. Reserves had been $56.2939 billion at the close of July. The

South Korea and African partner nations are set to establish a significant economic cooperation framework centered on artificial intelligence and technology-led growth during the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. Marking the 20th anniversary of this bilateral platform,

– At the end of August, South Korea’s foreign exchange reserves reached a record-high monthly increase, totaling $442.28 billion. The Bank of Korea announced a rise of $14.33 billion from $427.95 billion at the close of July. This increase marked

– South Korea’s consumer inflation reached 3.1% in August, according to official figures, marking an increase from 2.8% in July and pushing the rate above the 3% mark. Prices also edged up by 0.2% compared to July. The Ministry of

South Korea’s outbound shipments increased by 68.7% year-on-year in August, reaching a total of $98.25 billion, driven by ongoing global demand for high-performance memory chips and artificial intelligence infrastructure. Official data released by the Ministry of Trade, Industry and Resources

– Prime Minister Narendra Modi has lauded India’s economic growth of 7.8% in the April to June quarter of fiscal 2026-27. The latest official figures indicate that economic activity remained robust across manufacturing, services, consumption, and investment sectors. Modi described

– On Monday, Japanese equities faced significant downward pressure with the Nikkei 225 falling nearly 2% in the early trading hours. The index dropped 1.97% to close at 65,096.63, eventually hitting an intraday low of 64,832.10. The decline was mainly