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Category: Business 5830

South Korea's Economy Grows Faster Than Expected in Q2
Business
  • 1 mins read

South Korea's Economy Grows Faster Than Expected in Q2

South Korea's economy grew faster than expected in Q2 2024, driven by strong exports and investment, with real GDP rising 0.7% compared to Q1, according to the Bank of Korea.

Why Are Investors Betting on the Continued Rise of the Chinese Yuan?
Business
  • 1 mins read

Why Are Investors Betting on the Continued Rise of the Chinese Yuan?

The Chinese yuan is rising amid weakening US dollar and growing concerns about US public debt, boosting investor confidence in the yuan's strength and prompting hedge funds to bet on its continued appreciation.

Important Notice from the Audiovisual Regulatory Authority on the 2025 African Intra-Trade Fair - Echorouk Online
Business
  • 1 mins read

Important Notice from the Audiovisual Regulatory Authority on the 2025 African Intra-Trade Fair - Echorouk Online

The National Independent Authority for Audiovisual Regulation has called for exceptional media coverage of the fourth edition of the 2025 African Intra-Trade Fair to be held in Algeria from September 4 to 10, highlighting Algeria's geo-economic role as a bridge linking North Africa to the continent.

490 Million Tons: China Unveils Lithium Treasure
Business
  • 1 mins read

490 Million Tons: China Unveils Lithium Treasure

China has announced a massive discovery of approximately 490 million tons of mineral ore in Hunan Province, equivalent to over 1.3 million tons of extractable lithium oxide. This is one of the largest mineral discoveries in recent years and strengthens China's position in the battery and clean energy industries.

Oil Prices Stabilize Amid Anticipation of OPEC+ Meeting
Business
  • 1 mins read

Oil Prices Stabilize Amid Anticipation of OPEC+ Meeting

Oil prices stabilized in Asian trading on Wednesday, holding gains from the previous session driven by US sanctions, as markets await the OPEC+ meeting next week.

US Revokes TSMC's Exemption from Chip Export Restrictions to China
Business
  • 1 mins read

US Revokes TSMC's Exemption from Chip Export Restrictions to China

The US has revoked TSMC's exemption from export restrictions on semiconductor manufacturing equipment to its facility in China, which may impact production. Suppliers to TSMC, Samsung, and SK Hynix will now require individual approvals to ship equipment to China.

Washington Cancels Taiwan Semiconductor's Exemption for Shipping Manufacturing Equipment to China | Al Khaleej Newspaper
Business
  • 1 mins read

Washington Cancels Taiwan Semiconductor's Exemption for Shipping Manufacturing Equipment to China | Al Khaleej Newspaper

The U.S. has canceled the exemption allowing Taiwan Semiconductor Manufacturing Company to ship manufacturing equipment to its plant in China, which may limit production capacity at the older Nanjing facility.

London Metal Exchange Delays Start of Trading in Asia by 90 Minutes
Business
  • 1 mins read

London Metal Exchange Delays Start of Trading in Asia by 90 Minutes

The London Metal Exchange postponed the start of trading in Asia by 90 minutes on Wednesday, opening its electronic platform later than usual without stating reasons, leading to a rise in copper futures in London.

Elliott Investment Buys Stake in PepsiCo for $4 Billion
Business
  • 1 mins read

Elliott Investment Buys Stake in PepsiCo for $4 Billion

Elliott Investment Management acquired a $4 billion stake in PepsiCo, aiming to improve company performance and shareholder value amid challenges in the North American market.

State Street Launches ETF in Singapore with Contribution from PIF
Business
  • 1 mins read

State Street Launches ETF in Singapore with Contribution from PIF

State Street has listed the "SPDR - J.P. Morgan Saudi Aggregate Bond ETF" on the Singapore Exchange, with initial investment from the Public Investment Fund, to expand international investor access to the Saudi financial market.

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