Browsing: Business

– In early Thursday trading, gold prices showed an upward trend as a softer U.S. dollar bolstered bullion ahead of upcoming U.S. inflation figures. Spot gold increased by 0.3% to reach $4,414.28 per ounce at 0419 GMT. Meanwhile, U.S. gold

– In recent statements, the Panama Canal indicated it might cut the number of ships passing daily to approximately 29 in February or March 2027 should drought conditions continue unabated, according to its newly appointed head. Ilya Espino de Marotta

German automotive manufacturer Volkswagen AG agreed 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 agreement, the new owners will convert the vehicle manufacturing

– As of the end of August 2026, Egypt’s international reserves reached an all-time peak of $57.2145 billion. The Central Bank of Egypt announced this provisional figure on September 7. At the close of July, reserves stood at $56.2939 billion,

South Korea along with partner nations from Africa are preparing to initiate a significant cooperation framework centered on artificial intelligence and technology-led growth during the 8th Korea-Africa Economic Cooperation Ministerial Conference held in Seoul. This upcoming ministerial event marks the

– South Korea’s foreign exchange reserves posted their largest monthly increase on record in August. Reserves reached $442.28 billion at the end of the month, the Bank of Korea said. That marked a $14.33 billion increase from $427.95 billion at

– South Korea’s consumer prices saw a 3.1% rise in August compared to the same month last year, according to official figures. This marks an acceleration from July’s 2.8%, pushing the headline inflation rate back above 3%. The consumer price

In August, the Republic of Korea’s outbound shipments experienced a significant year-on-year increase of 68.7%, totaling $98.25 billion. This surge was primarily driven by persistent global demand for high-performance memory chips and artificial intelligence infrastructure. Data from the Ministry of

– Prime Minister Narendra Modi has lauded India’s 7.8% economic expansion in the April to June quarter of fiscal 2026-27. Describing the achievement as a “herculean feat,” he highlighted the sustained growth across key sectors, as official data confirmed ongoing

– In early Monday trading, Japan’s Nikkei 225 decreased nearly 2% amid growing expectations of higher interest rates. The index initially dropped 1.97% to 65,096.63 before extending its decline to an intraday low of 64,832.10. The sell-off was mainly concentrated