SEOUL: China’s top legislator, Li Zhanshu, called on Friday (Sep 16) for more cooperation with South Korea on cutting-edge technologies and supply chain issues. Li, chairman of the National People’s Congress Standing Committee, was speaking in Seoul after meeting his South Korean counterpart, parliament speaker Kim Jin-pyo. Li was alsoContinue Reading
KATHMANDU: Nepal’s annual retail inflation rate more rapid to 8. 26 per cent for the month to the middle associated with August, central financial institution data showed upon Thursday (Sep 15), adding to the government’s problems ahead of the annual festival season. The reading through – the highest within nearlyContinue Reading
COLOMBO: Sri Lanka’s economy contracted 8.4 per cent in the April to June quarter compared with the same period a year ago, data from the government statistics department showed on Thursday (Sep 15), as the country struggles with its worst financial crisis in more than seven decades. A severe dollarContinue Reading
Diniz said the financial markets had responded highly to the data, resulting in another strong gratitude of the US money against other foreign currencies. He also noted that oil benchmark Brent crude price fell by 0. 08 per cent to US$93. 10 per barrel. On Tuesday, Finance Minister Tengku ZafrulContinue Reading
SEOUL: South Korea levied millions of dollars in fines on Alphabet’s Google and Meta Platforms for personal privacy law violations, authorities said on Wednesday (Sep 14), as Meta considers battling the decision in court. Inside a statement, the Personal Information Protection Commission mentioned it fined Search engines 69. 2 billionContinue Reading
TOKYO: Japan’s central bank on Wednesday (Sep 14) conducted an operation often seen as an precursor to foreign currency intervention, local media said, as the yen continues to crater against a strengthening buck. The financial daily Nikkei and other local mass media said the Bank of Japan (BoJ) performed aContinue Reading
BANGKOK: Thailand’s industrial sentiment rose for a third straight month in August to the highest level in more than 2 yrs, boosted by enhanced economic activity plus a rebound in travel and leisure as COVID-19 curbs were eased, a business group said on Tuesday (Sep 13). The particular Federation ofContinue Reading
BEIJING: China can continue to roll out phased policies to stabilise its economy using a focus on reviving intake and boosting expenditure, and implement these types of policies as soon as possible, condition media cited Leading Li Keqiang as saying on Mon (Sep 12). Cina will implement a numberContinue Reading
DUBAI: Iraq has received requests to increase the quantities of crude oil it exports to Asia, the head of state oil marketer SOMO told state news agency INA on Friday (Sep 9). China and India will not give up on Iraqi crude oil even if Russian oil is currently offeredContinue Reading
MUMBAI: The Indian government is stepping up scrutiny on digital lending apps in an attempt to weed out ones which conduct unethical lending and recovery practices, the government said in a notification on Friday (Sep 9). The central bank has been asked to prepare a list of legal digital lendingContinue Reading