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Deputy PM Choi’s Resignation Sparks Uncertainty in Financial Coordination Efforts – International Edition (English)
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Choi Sang-mok’s departure as the ex-Deputy Prime Minister and Minister of Economy and Finance is anticipated to lead to alterations within the operations of the Finance 4 (F4). This non-official advisory panel centers on macroeconomic and financial matters. Comprised of key figures such as the deputy prime minister responsible for economic policies, the Bank…
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Gold Bars Drop in Price as Global Interest Rates Decline
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The price of gold bars in Vietnam decreased on Friday morning due to easing international bullion rates. The price of Saigon Jewelry Company’s gold bars decreased by 0.25% to VND120.2 million (US$4,627.34) per tael. The cost of gold rings remained constant at VND116.5 million per tael. It’s worth noting that one tael equates to…
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South Korea’s Record-Breaking $9.14B Current Account Surplus in March
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In March, South Korea’s current account recorded a surplus of $9.14 billion, marking its 23rd straight month of surpluses, according to data released by the Bank of Korea on May 9. It was the third-longest stretch since 2000, following streaks of 83 months from May 2012 to March 2019 and 27 months from May…
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Money Expo returns to Muang Thong Thani
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The Money Expo is back with a wide array of products and services for those pursuing financial prosperity at the Impact Challenger Hall 2-3, located in Muang Thong Thani, every day from 10 AM to 8 PM from May 15th through May 18th. Celebrated as the biggest and most inclusive financial and investment fair…
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Finance Ministry Seizes Emergency Measures to Shield Markets
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Pakistan, May 7 — Amid rising geopolitical tensions with India, the Finance Ministry of Pakistan has reinforced contingency measures to protect financial operations and ensure resilience across the country’s economic institutions. The move follows Indian airstrikes on six sites in Punjab and Azad Jammu and Kashmir, prompting retaliatory action by Pakistan’s military, which downed…
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Stock Markets Plunge as Tensions Rise Between Pakistan and India
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On May 7, Pakistan reported that after India took swift action against Pakistan during the night, the Bombay Stock Exchange showed a weak opening for trade. The market commenced with a significant decline, highlighting how swiftly military developments can impact investors’ moods and erode market trust, resulting in a difficult beginning. Trading on the…
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Indian Aluminium Sector Set to Thrive Despite Global Trade Turbulence
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New Delhi [ India ] May 7 (ANI): India n primary aluminium Manufacturers are expected to stay in a robust profit-making position throughout this fiscal year, despite facing global trade challenges such as the recently increased U.S. tariffs. aluminium According to a report by Crisil Ratings, these imports are included. The United States increased…
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Shanghai’s Gold Rush: Crowds Flock to First-Ever Gold ATM as Prices Soar to Record Highs
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The first “gold recycling ATM” in Shanghai has attracted significant attention, particularly from elderly residents who wish to sell their longstanding jewelry collections amid rising international gold prices. Located within the Global Harbor shopping center in Shanghai, this facility has been attracting lengthy queues recently, necessitating reservations several days ahead of time for those…
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Global dollar weakness: A window of opportunity for emerging markets like Ghana
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By Kofi Busia KYEI By 2025, the worldwide economic scene is witnessing substantial changes with the U.S. dollar (USD) facing one of its steepest downturns in many years. This period marks roughly a 9% decline from the previous year, making it the worst beginning for the currency since 1989. This devaluation, spurred by a…
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National Australia Bank’s credit losses to remain low
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Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance. National Australia Bank ’s (NAB) credit losses are anticipated to remain low over the next two years, close to pre-pandemic levels, according to S&P Global Ratings. The Melbourne-headquartered bank reported a 1% increase in cash…