South Korea
Hong Kong slides 2% to new 2023 low; Asia markets mixed as China manufacturing contracts
Thailand raises its interest rate by 25 basis points to 2% Thailand’s central bank raised its benchmark reverse repurchase rate to 2%, up from 1.75%, the Bank of Thailand said in a release. This is the sixth straight rate increase since the Bank of Thailand started raising rates in August 2022 from a base of […]
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Japan puts missile protection on notify as North Korea warns of satellite launch
Japan’s Primary Minister Fumio Kishida speaks to reporters pursuing North Korea’s missile start on April 13, 2023. JIJI Press | AFP | Getty Images Japan on Monday set its ballistic missile defenses on alert and warned that it would shoot down any projectile that threatened its territory after North Korea notified it of a satellite launch between May well 31 and June 11. […]
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Hyundai Motor Group, LG Power to make $4.3 billion EV battery plant in U.S.
A different Hyundai electric automobile and battery production facility underneath development in Georgia, U.S., on April 17, 2023. Elijah Nouvelage | Bloomberg | Getty Images South Korea’s Hyundai Motor Group and LG Energy Solution on Friday explained they will build a $4.3 billion electric auto battery plant in the United States amid a force to choose benefit of tax credits. Manufacturers should adhere to new U.S. sourcing requirements for EV battery components […]
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Bank of Korea holds charges for a 3rd straight time Asia marketplaces mixed
Financial institution of Korea expected to commence slicing rates early subsequent year, Deutsche Financial institution states The Bank of Korea is envisioned to get started slicing its benchmark fascination rate early next calendar year, Deutsche Bank’s head of APAC Financial Exploration Juliana Lee explained. Lee additional that she expects the central bank’s plan pivot to […]
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Japan and South Korea have a whole lot at stake in a absolutely free and open up South China Sea
China has so significantly not acted in an intense fashion towards shipping in the South China Sea, but the incredibly possible of action generates a crystal clear risk to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Visuals The next commentary is from Kevin Klowden, chief world-wide strategist of Milken […]
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These Asian airlines are back again in the black — they’re on the lookout to China as the future shiny location
Travellers look at in for the flight at the Singapore Airways counter in the departure hall at Changi Global Airport in Singapore on December 2, 2021. Roslan Rahman | AFP | Getty Illustrations or photos A few major airlines in Asia are back again in the black, rebounding from their pandemic doldrums as world travel […]
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As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
A male rides his bicycle previous a “G7 Hiroshima” flower signal at the Peace Memorial Park in Hiroshima, in advance of the G7 Leaders’ Summit, on May possibly 17, 2023. (Image by Philip FONG / AFP) (Picture by PHILIP FONG/AFP by way of Getty Photos) Philip Fong | Afp | Getty Photos The annual Group […]
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Netflix’s $2.5 billion financial commitment in Korean articles appeals to audiences around the world
Younghee, the giant robot doll from Netflix thriller “Squid Game,” exhibited at the Olympic Park in Seoul, South Korea. “Squid Game” was a world achievement and stays Netflix’s most-watched clearly show of all time. Chung Sung-jun | Getty Pictures Netflix is shelling out $2.5 billion on Korean information and sees chances beyond the Asian region, […]
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We hope a full recovery by the third quarter of this year, suggests Korean Air
Walter Cho of the airline states passenger demand is really sturdy and you can find a “major enhance” in journey to the United States and other areas of the entire world. Source
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Asia markets are trading mixed after Wall Street rebound on Friday
China’s trade surplus to have eased to $74 billion in April China’s trade surplus is expected to have eased slightly from $88.2 billion in March to $74.3 billion in April, a Reuters poll of economists showed. Exports are forecast to have grown 8% year-on-year after growing 14.8% in March, while imports are expected to remain […]
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