Economy Archives » Page 448 of 567 » Global Asset Management Seoul Korea

Biden opens Asia trip with global issues and tech on agenda – News-Herald

By AAMER MADHANI and JOSH BOAK PYEONGTAEK, South Korea — President Joe Biden on Friday opened his Asia trip by highlighting the computer chip shortage that has bedeviled the world economy, touring a Samsung computer chip plant that will serve as model for a $17 billion semiconductor factory the Korean electronics company plans to open […]

Indio votes to allow cannabis retail, hopes to boost economy & job growth

Indio has become the latest Coachella Valley city to allow cannabis retail. “If you go to some of our neighboring cities in the valley, you will find some of our residents inside of the dispensaries,” said Indio Mayor Waymond Fermon. Fermon said it’s been years in the making, since California legalized marijuana 6 years ago. […]

Congress OKs latest $40B in military and economic aid to Ukraine

This image from Senate Television video shows the final vote of 86-11 as the Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday, May 19, 2022, in Washington, as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. […]

Oil prices recoup losses on renewed supply worries, dollar weakness

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Russian production recovers some losses in May – Novak EU unveils 210 bln euro plan to quit Russian […]

Tokyo stocks snap 4-day winning streak on economic slowdown fears

Tokyo stocks snapped a four-day winning streak Thursday, with the Nikkei briefly losing over 2 percent, on concerns that surging commodity prices may squeeze corporate profits and cause the global economy to slow down. The 225-issue Nikkei Stock Average ended down 508.36 points, or 1.89 percent, from Wednesday at 26,402.84. The broader Topix index finished […]

World Economic Forum to return in-person as it aims to shed light on ‘History at a Turning Point’

Macro Snapshot — UK inflation hits 40-year high of 9%; US housing starts fall in April RIYADH: Britain’s inflation hit a staggering 40-year high as the war in the east continues, while the US’ housing dropped slightly in April and was accompanied by a plunge in building permits which posed a challenge for entry-level and first time […]

City economy to continue recovering this summer

During his annual revenue report to the Tuscaloosa City Council on May 10, Tuscaloosa Mayor Walt Maddox said the city’s economy has done an incredible job recovering from the COVID-19 pandemic. But with students out of town for summer break, can the city keep it up? Tuscaloosa Tourism and Sports Marketing and Communications Vice President […]

Indian banks to benefit from strong domestic economic growth: Moody’s

Global rating agency Moody’s said on Wednesday that India’s economy is back on track after the pandemic and the military conflict will not derail the country’s recovery, creating favorable operating conditions for the country’s banks. The loan performance and profitability of banks are improving, albeit from a low base. Capital and liquidity […]

Rupee slips against Dollar | Check latest

Higher inflation, depressed risk assets performance and foreign fund outflows have been weighing on the Rupee. In the forex market, the rupee slipped 6 paise to 77.50 against the US dollar in early trade. HIGHLIGHTS Rupee slipped 6 paise to 77.50 against US dollar Sensex, Nifty opened in green On Tuesday, Rupee hit low of 77.79 […]