(URGENT) BOK considers rate hike in Nov. if S. Korean economy extends current recovery trend: chief

(END)

Internet Explorer Channel Network
News Related

OTHER NEWS

S. Korea's solar power capacity soars under Moon

South Korea’s newly installed 13,980 MW solar power capacity that started when President Moon Jae-in took office in 2017. South Korea’s cumulative solar power capacity surged with the newly installed ... Read more »

US Treasury Dept says crypto challenges efficacy of sanctions

The US Treasury Department wants more funding for its financial intelligence and sanctions units and staff to combat national security threats. The US Department of the Treasury warned that the ... Read more »

Iran prepares to pilot national cryptocurrency

the Iranian central bank digital currency (CBDC).  Iran is preparing for the pilot phase of its digital currency project once the country's Money and Credit Council approves, according to the ... Read more »

Prices of goods set to rise further, consumer companies warn

GENEVA (BLOOMBERG) – Consumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever to lubricant maker WD-40 warned this ... Read more »

Russia may partially replace dollar reserves with cryptocurrency to counter US sanctions

Russia Deputy Foreign Minister Alexander Pankin wants protection and stability for Russia’s “settlements with major trading partners” regarding currency used.  Russia is pondering on partially replacing the US dollar in ... Read more »

Japan consumer prices rise for first time in 18 months on energy, material costs

Shoppers wearing protective masks choose clothes at a supermarket as the mall reopens amid the coronavirus outbreak in Chiba, Japan on May 28, 2020. TOKYO (REUTERS) – Japan’s core consumer ... Read more »

S. Korea to protect virtual reality, augmented reality videos as intellectual property

Using or sending registered digital designs or something similar online without permission would be considered an infringement of IP rights. South Korea’s patent office announced that virtual reality and augmented ... Read more »

Fed limits trading by top officials in wake of ethics scandal

WASHINGTON (BLOOMBERG) – The Federal Reserve will ban top officials from buying individual stocks and bonds as well as limit active trading after an embarrassing scandal that led two officials ... Read more »

On the Tiles: Economy panel looks at Government's books, inflation, interest rates

Covid-19 is continuing to dominate local politics – but for this week’s episode, On the Tiles takes a break from the pandemic to look at what’s happening in the economy. ... Read more »

Energy crisis in Europe is a consequence of dysfunctional capitalism, Putin says

Vladimir Putin recalled the price of gas in Europe has already exceeded $1,000 per 1,000 cubic meters under the market regulation Read more »

Putin thanks Europe for sanctions, noting good effect of countermeasures for Russia

Vladimir Putin noted that Russia is increasing food supplies to the world market Read more »

OPEC+ building up oil output, but not all states can do it quickly — Putin

The head of state recalled that in 2012-2016, annual investments in oil production amounted to about $400 billion Read more »

Work on filling 2nd string of Nord Stream 2 will be completed in December — Putin

The Russian president added that Russia is ready to start gas supplies the next day after receiving the appropriate permission from the German regulator Read more »

Brussels' utopian green energy fantasies spark energy crisis in Europe — Hungarian PM

In particular, the rise in gas prices in Europe was caused by the rapid rise in prices on the carbon quotas market, which is being created and actively developed by the European Commission Read more »

Hainan consumer sector up 31.9% from January to September

The main factor contributing to the increase in retail sales was value-added consumer goods Read more »

The existing model of capitalism has run its course — Putin

© Dmitry Feoktistov/TASS The existing model of capitalism has run its course – Putin Read more »

Russian diplomat blasts US inaction to regulate Big Tech's unrestrained monopoly conduct

"It is regrettable that at the moment there is no proper political will to streamline this sphere in the United States, whose comfortable jurisdiction IT companies normally hide behind," Russian Foreign Ministry Deputy Spokesman Oleg Gavrilov said Read more »

Google, Facebook, Twitter fail to delete around 5,500 files with banned information

On May 17, the watchdog said it had decided to lift restrictions on access to Twitter in fixed-line networks after its administration removed more than 90% of illegal content Read more »

Moneycontrol Pro Panorama | A billion vaccine shots done, but the Street's not in a celebratory mood

Villagers wait to receive a dose of COVISHIELD vaccine, a coronavirus disease (COVID-19) vaccine manufactured by Serum Institute of India, during “Vaccination on boat” programme in Gosaba Island in the ... Read more »

(News Focus) 'Half-success' of rocket launch creates new tasks for S. Korea's space program

By Kim Soo-yeon and Chung Joo-won SEOUL, Oct. 21 (Yonhap) — South Korea’s launch of its first homegrown space rocket ended in “half-success” Thursday, but it will likely prompt the ... Read more »

Court bans sale of 61 models of Samsung smartphones in Russia

The decision may be appealed within one month of the date of its adoption Read more »

Lotte Chemical invests 100 mln euros in global hydrogen fund

By Kim Seung-yeon SEOUL, Oct. 21 (Yonhap) — Lotte Chemical Corp., a South Korean petrochemical company, said Thursday it will invest about 100 million euros (US$116 million) in a global ... Read more »

El Salvador disables Bitcoin price visibility on the app to stop scalping

Chivo is working on adding a trading feature that will let operators trade with BTC with any modality, but with the asset’s price display in real-time. Chivo App, El Salvador’s ... Read more »

Pacific Fleet's ecologists collect more than 450 tonnes of waste on Wrangel Island

The Wrangel Island is not permanently populated, and the temporary population are meteorologists, staff of the nature reserve and the military Read more »

Samsung SDI begins test run of cathode factory in S. Korea

SEOUL, Oct. 21 (Yonhap) — South Korean battery maker Samsung SDI Co. said Thursday it has began its test run of a cathode-producing factory, jointly set up with a local ... Read more »

Hainan's economy grows 12.8% in the three quarters of 2021

According to Wang Yu, deputy head of the region's bureau of statistics, Hainan's economy is showing "obvious intensive growth". Read more »

KB Financial Group Q3 net profit up 9.3 pct. to 1.3 tln won

SEOUL, Oct. 21 (Yonhap) — KB Financial Group Inc. on Thursday reported its third-quarter net profit of 1.3 trillion won (US$1.1 billion), up 9.3 percent from a year earlier. The ... Read more »

Hainan's January-September tourism revenues grew 136.9% year-on-year

The province’s total revenue amounted to $16.7 billion Read more »

China power crisis boosts coal imports from Indonesia to record

BEIJING (BLOOMBERG) – Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power ... Read more »

Media: Hainan National Park to be an important link in a new model of green development

According to the Hainan Daily newspaper, the protected rainforest area will be an important strategic factor which will considerably raise tourism standards Read more »

Dollar rises to 70.86 rubles

The euro remained unchanged, amounting to 82.5 rubles Read more »

Number of chickens dips 4.2 pct in Q3 due to bird flu

SEJONG, Oct. 21 (Yonhap) — The number of layer chickens raised in South Korea dropped 4.2 percent in the third quarter from a year earlier due to the impact of ... Read more »

Donald Trump creates his own media group and social network - statement

The Trump Media and Technology Group will launch the TRUTH Social network soon Read more »

South Korea exports jump in early October data despite supply chain woes

SEOUL (BLOOMBERG) – South Korea’s early trade report showed exports continued to post strong gains in October, weathering headwinds from global supply chain snags and China’s slowdown. Shipments grew 36.1 ... Read more »

(LEAD) Exports rise 36 percent in first 20 days of Oct.

(ATTN: UPDATES with more details from para 3)By Kim Soo-yeon SEOUL, Oct. 21 (Yonhap) — South Korea’s exports rose 36.1 percent on-year in the first 20 days of October on ... Read more »

Greenflation feared in S. Korea amid carbon-neutral transition

According to industry sources, South Korea “has plenty of reasons to be nervous” about soaring utility costs. “Greenflation” or price hikes in renewable technology resources such as metals, minerals, and ... Read more »

(EDITORIAL from Korea JoongAng Daily on Oct. 21)

Calm the inflationary pressure Prices are skyrocketing. The inflation rate in October is expected to rise into the three percent range for the first time in ten years. To make ... Read more »

Producer prices up for 11th month in September

SEOUL, Oct. 21 (Yonhap) — South Korea’s producer prices gained 0.2 percent on-month in September due to a rise in prices of energy-related products, extending their monthly gains for the ... Read more »

Supply bottlenecks, labour shortages slowed US growth: Fed

WASHINGTON (AFP) – Supply bottlenecks and labour shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said on Wednesday (Oct 20). The ... Read more »

DHL combating fraudsters using corporate name — VP

Fraudsters often attempt to act under the DHL logo Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic