Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
The net profit of 35 foreign bank branches in South Korea dropped 4.5 percent to 1.15 trillion won in the fiscal year of 2021, down 53.5 billion won from a year earlier due to an increase in securities-linked losses amid market downswings.
According to statistics from the Financial Supervisory Service, these branches either closed their books for the fiscal year 2021 in September last year or in March this year (FSS).
Data from the Financial Supervisory Service shows that these branches either closed their books for the fiscal year 2021 in September of last year or in March of this year (FSS).
According to the FSS, the drop happened despite a rise in interest income due to high borrowing costs, which was offset by an increase in securities-related losses and a decline in revenue from other non-interest categories like as transaction fees, currency, and derivative trading.
The decrease occurred despite an increase in interest income due to high borrowing costs, which was countered by an increase in securities-related losses and decreased revenue from other non-interest categories such as transaction fees, forex, and derivative trading, according to the FSS.
Because of the high market rates, their interest earnings remained robust. The profit was 1.86 trillion won, up 19.5 percent from the previous year, according to the figures.
Concerns about monetary tightening in key nations and rising currency market volatility have prompted the FSS to step up its surveillance of those foreign bank branches' risk management capabilities.
