Category: South
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South African rand jumps as Fed’s Powell signals lower rates By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand jumped on Friday after comments from Federal Reserve Chairman Jerome Powell suggested an interest rate cut next month. At 1520 GMT, the rand was trading at 17.71 rand to the dollar, up 1.82% from its previous close. “The time has come to adjust policy,”…
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South Korean Pension Fund Buys $34 Million in MicroStrategy Shares
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South Korea’s National Pension Service (NPS) has bought $34 million worth of shares in MicroStrategy, a business intelligence firm that has raised billions of dollars in Bitcoin. BREAKING: ?? South Korea’s pension fund announces $34 million purchase of MicroStrategy shares. pic.twitter.com/Sg5cRAkjzZ — Bitcoin Magazine (@BitcoinMagazine) August 16, 2024 According to…
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Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property By Reuters
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SEOUL (Reuters) – The head of Mercedes-Benz in South Korea on Wednesday met residents of an apartment complex damaged by a fire that started in one of its electric cars and raged for more than eight hours, raising concerns about public safety. Mercedes-Benz Korea CEO Matthias Veitel will hold a…
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Hero Cosmetics CEO Discovered Skincare Idea in South Korea
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An acne emergency isn’t usually something to be thankful for, but Jo Rio attributes her almost overnight commercial success to a few bad acne outbreaks. The founder of Hero Cosmetics, a skincare brand that promises to be your savior in the wake of acne woes, describes her career path as…
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South Korea exchange triggered its ‘sidecar’ on Kospi futures
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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South Korea Taps US Trade Deal to Prevent Chip Spats with Japan
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Breadcrumbs Path Links PMN Business South Korea is seeking to play a bigger role in a U.S.-led trade pact in Asia aimed at stemming the risk of friction with Japan that has affected global semiconductor supply chains. Article author: Published on July 30, 2024 • Read for 3 minutes You…
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South Korean Crypto Gain Taxation May Be Delayed Until 2028 Amidst Investor Concern
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The South Korean government’s plan to implement a 20% cryptocurrency gains tax has faced repeated delays, with the latest proposal suggesting it be postponed until 2028. This potential seven-year delay to South Korea’s crypto tax has sparked debate about the country’s approach to regulating cryptocurrencies and the impact on the…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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Key Shiba Inu Metrics Plummet as SHIB Price Heads South: Details
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Long summary Shiba Inu (SHIB) saw a 2% price drop on July 12, alongside declines in key metrics on the Shibarium network. Despite the decline, technical analysis tools indicate a possible price recovery in the near term. Signs of decline Second largest meme coin in Terms Shiba Inu, a cryptocurrency…
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Key Shiba Inu Metrics Plummet as SHIB Price Heads South: Details
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Long summary Shiba Inu (SHIB) saw a 2% price drop on July 12, alongside declines in key metrics on the Shibarium network. Despite the decline, technical analysis tools indicate a possible price recovery in the near term. Signs of decline Second largest meme coin in Terms Shiba Inu, a cryptocurrency…
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Spouse Of Do Kwon Scores Major Victory In South Korean Court
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While Do Kwon’s extradition has yet to be decided in Montenegro, Terraform Labs founder Lee’s wife has won a major legal victory against the South Korean state. The court ruled that some real estate shares and subscription rights in Officetel, previously seized in Lee’s name, should not be subject to…
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Spouse Of Do Kwon Scores Major Victory In South Korean Court
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While Do Kwon’s extradition has yet to be decided in Montenegro, Terraform Labs founder Lee’s wife has won a major legal victory against the South Korean state. The court ruled that some real estate shares and subscription rights in Officetel, previously seized in Lee’s name, should not be subject to…
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Court declines to stop new South Sudan cargo charge
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The High Court has refused to issue interim orders suspending the implementation of the directive to impose a fee of $350 (Sh44,878.51 at current exchange rates) on each container of all goods destined for South Sudan. A preservation order maintains the status quo to preserve a matter until the motion…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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South Africa Seeks to Renegotiate Coal Pact Tied to $2.6 Billion
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Breadcrumbs Path Links PMN Business South Africa is seeking to amend the terms of a landmark deal under which it pledged to reduce its reliance on coal in exchange for funding. Article author: Bloomberg News Anthony Sguazin Posted on July 03, 2024 • Read for 3 minutes You can save…
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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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South African markets cheer Ramaphosa’s ‘business friendly’ cabinet By Reuters
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Written by Bhargav Acharya and Kopano Gombe JOHANNESBURG (Reuters) – South African assets rose sharply on Monday after President Cyril Ramaphosa formed a long-awaited new government that included the former opposition leader and signaled continuity in fiscal policy by sticking by his former finance minister. But some investors said the…
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South African rand rallies on hope DA and ANC can agree on cabinet posts By Reuters
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JOHANNESBURG (Reuters) – The rand rose in South Africa on Friday amid optimism that the Democratic Alliance and the African National Congress will reach an agreement on ministerial positions, a day after local media reported a major rift between the two parties. At 1503 GMT, the rand reached 18.24 against…
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South Korea’s Naver-backed Webtoon shares jump about 14% in Nasdaq debut By Reuters
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Written by Arasu Kannagi Basil and Joyce Lee (Reuters) – Shares of online comics platform Webtoon Entertainment surged as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday. The stock opened at $21.30, giving the company a valuation of $2.71 billion, and traded as…