(URGENT) S. Korea's vaccination rate exceeds key milestone of 70 pct: KDCA

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Hiring was likely strong and employers boosted wages in November, economists say

A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon's fulfillment center in Robbinsville, New Jersey, November 29, 2021. ... Read more »

China introduces restrictions for import of goods from Russia - consulate-general

Since November 29, Suifenhe railway station temporarily does not accept box railcars from Russia with goods requiring manual unloading Read more »

OPEC+ output decision due to balanced market, demand recovery, says Novak

According to the Russian deputy prime minister, such decision was made mainly due to the fact that the market was balanced, the demand was gradually recovering Read more »

Russia to scale up oil production by 109,000 barrels per day in January 2022

The next meeting of OPEC+ countries will be on January 4, 2022 Read more »

Rosatom: Northern Sea Route needs 14 icebreakers by 2030

According to Rosatom’s Deputy Director General Vyacheslav Ruksha, presently, the shipbuilding sector cannot meet the demand to satisfy the Northern Sea Route’s regular shipments Read more »

About 12 million tonnes of Taimyr coal to be shipped via Northern Sea Route after 2030

Northern Star’s project is the development of a coal deposit. The capacity at the initial stage would be 5 million tonnes a year, and the annual capacity by 2032 will reach up to 20 million tonnes Read more »

Kremlin credits ‘special' 2022 gas price for Belarus to privileges under integration deals

Based on the deal inked by the two parties, the fuel price for Minsk for 2022 was set at $128.52 per 1,000 cubic meters Read more »

Rosatom: Sibir nuclear-powered icebreaker expected in Kara Sea in January

The Sibir nuclear-powered icebreaker is the second vessel of Project 22220, built by the Baltic Shipyard Read more »

OPEC+ ministers discussing base plan of oil production recovery

OPEC+ member-states are restoring oil production at the pace of 400,000 barrels per day since August and this plan is the base one Read more »

National Assembly ratifies RCEP trade pact

SEOUL, Dec. 2 (Yonhap) — South Korea’s parliament on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), a regional free trade agreement that encompasses about one-third of the world’s gross ... Read more »

U.S. weekly jobless claims total 222,000 vs. 240,000 estimate

Initial claims for unemployment insurance rose last week but held at levels consistent with how the job market looked before the Covid-19 pandemic devastated the U.S. jobs picture, the Labor ... Read more »

OPEC+ monitoring committee makes no recommendation for January production level

The ministerial conference to start soon Read more »

OPEC+ monitoring committee starts discussing January plan — source

The ministers also to touch on the oil market report prepared by the OPEC+ technical committee the day before Read more »

Wildberries enters Turkish market

The company offers buyers in Turkey about 5.6 mln items of goods from 163,000 international brands Read more »

Focused discussion of Union State's common currency not underway, says Kremlin

According to Dmitry Peskov, the integration stage "does not imply the introduction of the common currency" Read more »

Framework for creation of common digital space established in EAEU, says Russian PM

"The creation of a whole ecosystem of digital projects, independent and integrated, which will enhance the integration cooperation, lies ahead," Mikhail Mishustin said Read more »

RSV Mikhail Somov returns from Northern Sea Route ice trap to home port

The ship has delivered cargo to 32 stations Read more »

(2nd LD) S. Korea's Q3 economic growth unchanged at 0.3 pct: BOK

(ATTN: ADDS GNI figures in last 3 paras)By Koh Byung-joon SEOUL, Dec. 2 (Yonhap) — South Korea’s economy grew at the same pace as earlier forecast in the third quarter ... Read more »

Hainan's Haikou Meilan International Airport opens new terminal

Its area of the terminal is almost 300 thousand square meters Read more »

Inflation woes grip Korean economy

Deputy Prime Minister and Finance Minister Hong Nam-ki. Korea Times file Consumer prices jump at fastest pace in nearly 10 years By Lee Kyung-min The much-dreaded persistence of inflation is ... Read more »

China property market to keep cooling into H1 2022 on tight curbs: poll

The property sector, a key driver of growth in the world’s second-largest economy, has slowed sharply in recent months. BEIJING (REUTERS) – China’s property downturn is expected to continue into ... Read more »

FSS chief meets with asset management leaders

Financial Supervisory Service (FSS) Governor Jeong Eun-bo, fifth from right, stands next to CEOs of local asset management companies who participated in the meeting held at Kensington Hotel in Seoul’s ... Read more »

Dollar rises to 74.75 rubles

The euro increased by 47 kopecks and reached 84.15 rubles Read more »

Indian companies raise $1.34 billion from foreign markets in October; down 34% from last year, says RBI

Indian companies raised nearly $1.34 billion from foreign markets in October this year, down 34 percent from the year-ago period, Reserve Bank of India (RBI) data showed on December 1. ... Read more »

OPEC+ ministers will assess oil output plan for January amid new coronavirus variant

So far, oil exporters, which account for around 40% of world oil output, have been recovering oil production at an equal pace since August Read more »

(3rd LD) Inflation growth hits 10-year high in Nov. amid rising oil prices

(ATTN: ADDS more details in paras 21-24; REWRITES lead)By Kim Soo-yeon SEOUL, Dec. 2 (Yonhap) — South Korea’s consumer prices rose at the fastest pace in nearly 10 years in ... Read more »

South Korea inflation accelerates to decade-high in November

Consumer prices in South Korea rose 3.7 per cent in November from a year earlier, exceeding all economists estimates. SEUOL (BLOOMBERG) – South Korea’s inflation accelerated to the fastest pace ... Read more »

(LEAD) S. Korea's Q3 economic growth unchanged at 0.3 pct: BOK

(ATTN: UPDATES with BOK official’s briefing in last 8 paras; ADDS photos)By Koh Byung-joon SEOUL, Dec. 2 (Yonhap) — South Korea’s economy grew at the same pace as earlier forecast ... Read more »

Opec+ faces output decision as Omicron puts market in disarray

Oil futures sank further to US$65 a barrel in New York on Dec 1, 2021. NEW YORK (BLOOMBERG) – Opec and its allies headed into a second day of talks ... Read more »

[Contribution] What can we expect in post-pandemic Korea?

Alicia Garcia Herrero By Alicia Garcia Herrero After a long fight against the COVID-19 pandemic, Korea has started to open up recently by making international travel possible albeit still difficult. ... Read more »

Hyundai Rotem wins 219 bln won tram cars order in Canada

SEOUL, Dec. 2 (Yonhap) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Thursday it has received a 219 billion won (US$186 million) order to ... Read more »

(2nd LD) Inflation growth hits 10-year high in Nov. amid rising oil prices

(ATTN: UPDATES with more details in paras 14-19, 24)By Kim Soo-yeon SEOUL, Dec. 2 (Yonhap) — South Korea’s consumer prices rose at the fastest pace in nearly 10 years in ... Read more »

Inflation growth hits 10-year high in November

gettyimagesbank South Korea’s consumer prices rose at the fastest pace in nearly 10 years in November due to surging energy costs and high prices of farm products, data showed Thursday, ... Read more »

Korea's Q3 economic growth unchanged at 0.3%: Bank of Korea

gettyimagesbank South Korea’s economy grew at the same pace as earlier forecast in the third quarter of the year despite better-than-expected private consumption and robust exports, central bank data showed ... Read more »

Ruling party desperately appeals to voters ahead of presidential election

Rep. Park Wan-joo of the ruling Democratic Party of Korea speaks during a meeting at the National Assembly, Tuesday. Yonhap By Lee Kyung-min The ruling Democratic Party of Korea (DPK) ... Read more »

(LEAD) Inflation growth hits 10-year high in Nov. amid rising oil prices

(ATTN: UPDATES with more details in paras 3,7-20; REWRITES lead; ADDS photo)By Kim Soo-yeon SEOUL, Dec. 2 (Yonhap) — South Korea’s consumer prices rose at the fastest pace in nearly ... Read more »

(URGENT) S. Korea's Q3 GDP growth unchanged at 0.3 pct: BOK

(END) Read more »

(URGENT) Consumer prices rise 3.7 pct on-year in Nov., fastest gain in 10 years

(END) Read more »

S. Korea's Q3 economic growth unchanged at 0.3 pct: BOK

By Koh Byung-joon SEOUL, Dec. 2 (Yonhap) — South Korea’s economy grew at the same pace as earlier forecast in the third quarter of the year despite better-than-expected private consumption ... Read more »

Inflation growth hits 10-year high in Nov. amid rising oil prices

By Kim Soo-yeon SEOUL, Dec. 2 (Yonhap) — South Korea’s consumer prices rose at the fastest pace in nearly 10 years in November due to surging energy costs and high ... Read more »
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