Browsing: Business

The Republic of Korea’s outbound shipments experienced a remarkable year-on-year growth of 68.7% in August, reaching a total of $98.25 billion, driven primarily by persistent global demand for high-performance memory chips and AI infrastructure. Data published by the Ministry of

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

– Japan’s Nikkei 225 experienced nearly a 2% decrease during early trading on Monday as investor sentiment was affected by mounting expectations for higher interest rates. The index declined 1.97%, reaching 65,096.63 before falling further to an intraday low of

– Indonesia has strengthened collaboration between its investment and sports ministries to promote investment within the national sports industry. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir formalized their partnership by signing a memorandum

– Al Dahra Agriculture Trading and Egypt’s General Authority for Supply Commodities have put into effect a five-year contract for wheat supply, with a total value reaching up to US$500 million. This agreement transitions a 2023 financing structure into a

– Oil prices experienced a modest rebound on Tuesday after both Brent crude and WTI declined over 2% in the previous trading session. By 0330 GMT, Brent futures increased by 27 cents, or 0.3%, reaching $92.44 per barrel, while U.S.

– Alibaba Group has arranged a share placement totaling HK$80 billion aimed at financing its artificial intelligence initiatives and broadening its AI infrastructure. The Chinese tech giant will issue 710 million new ordinary shares at a price of HK$112.70 each,

– South Korea has embarked on its inaugural container vessel trial navigating the Arctic passage to reach 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

– Central Bank of Egypt opted to keep its key interest rates steady on August 20, marking the fourth consecutive meeting where the policy remained unchanged. The Monetary Policy Committee maintained the overnight deposit rate at 19% and the overnight

– In July 2026, Japan’s trade activity reached historic highs for both imports and exports, driven by rising energy expenses and increased demand for semiconductors, which boosted the overall trade value. Imports surged by 27.8% from the same month a