Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korea’s state-run mint is grappling with a gold bar shortage amid robust demand for the precious metal.The Korea Minting and Security Printing Corporation (KOMSCO), which is responsible for the production and distribution of various security products, suspended sales of gold bars last month.KOMSCO attributed the suspension to issues with procuring supply of raw materials, according to a Google translation of the notice on its website. The mint typically supplies bullion bars to Korea’s commercial banks, stores and online shopping malls.Vending machines…
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Campaigners attend a protest and candlelit vigil at Chinese Embassy London on June 4, 2023.Guy Smallman | Getty Images News | Getty ImagesHong Kong’s top court unanimously overturned on Thursday the convictions of three former members of a pro-democracy group that organized an annual candlelight vigil to mark China’s 1989 Tiananmen Square crackdown, citing a miscarriage of justice.The ruling is a rare victory for Hong Kong’s pro-democracy movement in which scores of activists have been jailed or forced into exile, with many liberal and popular civil society groups shuttered.In their judgment, the five judges of the Court of Final Appeal, led by Chief Justice Andrew Cheung, said government prosecutors had redacted key facts.That had “deprived the appellants of a…
Indian Prime Minister Narendra Modi and US President Donald Trump hold a joint press conference in the East Room of the White House in Washington DC, United States on February 13, 2025. (Photo by Nathan Posner/Anadolu via Getty Images)Nathan Posner/Anadolu | Anadolu | Getty ImagesThe United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters.India’s high auto tariffs will feature in formal talks for a bilateral trade deal that are yet to begin, said one of the three sources, all of whom were briefed…
President Trump said on Wednesday that he would pause tariffs on cars coming into the United States from Canada and Mexico for one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier roiled stock markets and prompted stiff resistance from industry.Karoline Leavitt, the White House press secretary, read a statement from Mr. Trump on Wednesday saying that White House had spoken with the three largest auto makers, and that a one-month exemption would be given to cars coming in through United States-Mexico-Canada Agreement.“At the request of the companies associated with U.S.M.C.A., the…
Greg Foran, chief executive officer of Air New Zealand Ltd., during an interview on Nov. 1, 2024.Bloomberg | Bloomberg | Getty ImagesAir New Zealand announced on Thursday that CEO Greg Foran will step down in October after five years at the helm, as the airline navigates global supply chain disruptions and ongoing engine maintenance challenges.Foran, a former Walmart executive, has led the Kiwi flag carrier through a turbulent period, with the airline facing unique hurdles compared to its global peers, partly due to its geographic isolation.New Zealand’s relatively small domestic market and intense competition from Australian rivals Qantas Airways and Virgin Australia have intensified the airline’s challenges.Joining Air New Zealand just as the COVID-19 pandemic loomed, Foran tackled a series of crises, from…
“Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes,” Nicholas Court, assistant director of Interpol’s Financial Crime and Anti-Corruption Centre, told CNBC.Imaginima | E+ | Getty ImagesAn expanding network of cybercrime marketplaces is making it easier than ever to become a professional fraudster, posing unprecedented cybersecurity threats worldwide, experts warn.Cybercriminals are often portrayed in popular media as rogue and highly skilled individuals, wielding coding and hacking abilities from a dimly lit room. But such stereotypes are becoming outdated. “Looking back to the 1990s and early…
‘Fast Money’ traders talk impact of falling dollar and oil on the broader markets and economy. Source link
A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Oct. 30, 2023. The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central bank decisions and a high-stakes announcement of US bond sales. Photographer: Akio Kon/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesJapanese government bond yields surged Thursday, with the 10-year JGB yield hitting the highest since June 2009, with experts pointing to pressure from a global…
At the Trump Pizza Station in Kyiv, where the internet password is “TrumpLovesYou,” one woman burst into tears when she learned that the United States was suspending military aid to Ukraine. Another sipped a cappuccino with banana milk and lamented that the whole world seemed to be abandoning her country. Most people at the neighborhood pizza and coffee joint on Tuesday morning agreed that it was time for the Trump Pizza Station to change its name, citing the losses they had suffered in three years of war.Anastasiia Berehovenko, 24, who is studying to be an obstetrician-gynecologist, stood in line for…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyKathy Lien, BK Asset Management managing director of FX strategy, joins ‘Fast Money’ to talk the impact of tariffs on teh currency market.05:074 hours ago Source link
