Business is war.
President Donald Trump halted trade discussions with Canada on Thursday after officials in Ontario released advertisements criticizing American tariff policy. The commercials featured audio from former President Ronald Reagan addressing trade restrictions. Trump claimed the campaign misrepresented Reagan’s position and accused Canadian authorities of attempting to influence a pending Supreme Court decision on tariffs. The…
Chinese and American officials will meet in Malaysia from Friday through Monday to discuss trade relations as both nations seek to ease commercial tensions. Commerce Minister Wang Wentao said on Friday that previous negotiations demonstrated the countries can address mutual concerns through equal dialogue. Vice Premier He Lifeng leads China’s delegation to talks with Treasury…
Asian stock markets advanced on Friday after Washington confirmed that trade discussions between American and Chinese leaders will take place at next week’s regional summit. Tokyo gained more than 1%, while Hong Kong, Shanghai, and Seoul posted gains following White House announcements about the October 30 meeting. Wall Street’s three main indexes closed higher on…
Japan’s core inflation climbed to 2.9 percent in September from 2.7 percent the previous month, matching analyst forecasts. The internal affairs ministry measurement excludes fresh food costs and reflects price pressures that helped end the previous government. Prime Minister Sanae Takaichi ordered her cabinet to prepare economic relief measures after taking office on Tuesday. Rice…
Georgia Governor Brian Kemp met with SK On chief executive Lee Seok-hee on Friday to strengthen battery manufacturing partnerships. The officials gathered at the Korean company’s headquarters in central Seoul to review joint ventures following discussions last June. SK On operates a 22-gigawatt-hour facility in Commerce through its American subsidiary and builds a second plant…
South Korean shares reached a new peak on Friday, driven by technology companies, after confirmation that American and Chinese leaders will hold talks next week. The main index added 96.03 points to finish at 3,941.59. Samsung Electronics rose 2.38 percent while SK hynix jumped 6.58 percent after the White House announced President Donald Trump and…
South Korean equities jumped at the opening bell on Friday as improved relations between Washington and Beijing lifted investor confidence. The benchmark index climbed 47.85 points to 3,893.41 within the first quarter hour of trading. Samsung Electronics advanced 1.66 percent while SK hynix surged 4.49 percent. American markets rebounded on Thursday with the S&P 500…
Legal professionals from more than 30 nations gathered at COEX in southern Seoul this week for the International Society of Construction Law Conference. More than 310 experts attended sessions addressing contract disputes and infrastructure development through Friday. Speakers examined how standard agreements adapt to complex global projects. Freshfields partner Kim Rosenberg stressed that documentation from…
Stocks linked to inter-Korean business projects surged on Monday after reports suggested President Donald Trump might meet North Korean leader Kim Jong-un ahead of next week’s APEC summit in Gyeongju. Shares retreated later in the week when Pyongyang launched ballistic missiles on Wednesday. Ananti gained 6.63 percent on Monday while Hyundai Elevator climbed 4.4 percent….
South Korea’s central bank maintained its benchmark rate at 2.5 percent on Thursday as the won fell to a six-month low against the dollar. Five of six monetary policy board members voted to hold rates steady while the currency weakened past 1,439 per dollar by the close of trading. Bank of Korea Governor Rhee Chang-yong…
