Browsing: Business

– Gold prices moved slightly higher on Thursday as a softer US dollar bolstered the precious metal ahead of upcoming US inflation data. Spot gold increased by 0.3% to $4,414.28 per ounce by 0419 GMT. Meanwhile, US gold futures for

– The Panama Canal might see its daily vessel movements reduced to approximately 29 ships in February or March 2027 if drought conditions persist, according to the canal’s new administrator. Ilya Espino de Marotta assumed her role on Sept. 7

German automaker Volkswagen AG reached an agreement on Monday to sell its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony. Under the preliminary arrangement, the new owners will transform the vehicle

– Egypt’s net international reserves increased to a record $57.2145 billion at the close of August 2026. The Central Bank of Egypt announced the preliminary figure on September 7. Reserves were $56.2939 billion at the end of July, indicating a

South Korea and partner nations across Africa are set to establish a groundbreaking framework for economic cooperation centered on artificial intelligence and technological advancement during the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. This significant ministerial meeting marks two

– In August, South Korea’s foreign exchange reserves experienced their largest monthly growth on record. The total reached $442.28 billion at the end of the month, according to the Bank of Korea. This marked a $14.33 billion rise from $427.95

– South Korea’s consumer prices increased by 3.1% in August compared to the previous year, according to official statistics. This growth rate picked up from 2.8% in July, pushing the headline inflation rate above 3%. The consumer price index reached

The Republic of Korea’s outbound shipments soared 68.7% year-on-year in August, totaling $98.25 billion, as persistent global demand for high-performance memory chips and AI infrastructure fueled growth. Data released by the Ministry of Trade, Industry and Resources confirmed that imports

– Prime Minister Narendra Modi has lauded India’s impressive 7.8% expansion in the April to June quarter of fiscal 2026-27. He described this achievement as a “herculean feat” following official figures indicating ongoing growth across key sectors of the economy.

– Japan’s Nikkei 225 declined nearly 2% in early Monday trading as investor sentiment was affected by rising expectations for higher interest rates. The benchmark index fell 1.97% to 65,096.63, before further declines pushed it to an intraday low of