Browsing: Business
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
SEOUL: South Korea’s economy expanded 1.0% in 2025, its slowest annual growth since 2020, as weakening investment offset gains in exports and household spending, central bank data showed. The Bank of Korea said real gross domestic product fell 0.2% in
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a week earlier,
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The briefing brought
MUMBAI: India’s rupee recorded the strongest gain among major Asian currencies after rebounding from a record low, helped by official support measures as the Reserve Bank of India reiterated its approach of smoothing excessive currency volatility rather than defending a
TOKYO: The United Arab Emirates and Japan have concluded negotiations on a Comprehensive Economic Partnership Agreement, officials said, marking a major step toward a bilateral trade and investment pact that both governments described as Japan’s first such arrangement with an