South Korea's Construction Investment Poised to Go Down by 3% in 2020
Apr 21, 2020 12:14 pm UTC| Investing Economy
Investment in South Koreas construction industry is poised to shrink by three percent this year, according to a forecast by the Korea Research Institute for Construction Policy. The think tank earlier projected a...
Korea's Exports Down by 26.9% in April 1 to 20
Apr 21, 2020 11:27 am UTC| Economy
South Koreas exports are down by 26.9 percent on-year to US$21.7 billion during the first 20 days of April, according to the Korea Customs Service. However, the average daily exports during the April 1 to 20 period is...
South Korea's Economic Contraction Expected to be Reported at 1.8%
Apr 21, 2020 11:26 am UTC| Economy
South Korea is expected to report a 1.81 percent contraction in its economy for the first quarter due to the effects of the pandemic on its industrial output, job markets, and consumer spending. The on-quarter...
Numerous Small Businesses Frustrated in Not Getting Government Loans, Says US Banks
Apr 21, 2020 04:17 am UTC| Economy Business
A couple of large US banks revealed that they could not meet the overwhelming number of requests for the paycheck protection program (PPP), which were at hundreds of thousands as of Saturday. The PPP, a scheme that...
More Asian Commodity Traders Being Denied Bank Loans Due to Perceived Risks
Apr 21, 2020 04:17 am UTC| Economy Investing
Bankers are now requiring crippling terms from commodity traders in Asia or refusing to lend to them altogether due to the perceived risks in transacting with them. Asian commodity traders are increasingly deemed as...
India to probe beneficial ownership of money from investment hubs
Apr 20, 2020 12:49 pm UTC| Investing Economy
The Securities and Exchange Board of India (SEBI) will scrutinize investment hubs such as Singapore, the Cayman Islands, Luxembourg, and Ireland, for investments originating from China and Hong Kong. Investments from...
Canada to guard against foreign takeovers during the COVID-19 pandemic
Apr 20, 2020 12:39 pm UTC| Economy Investing
Canada will scrutinize health-related foreign investments to make sure that other countries arent taking advantage of the pandemic to pursue takeovers. The companies to be examined with particular attention are those...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects