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South Korean defense stocks climbed sharply on Tuesday as the end of the Iran war appeared to be in sight, because the companies may benefit from sales to the Middle East afterward.
Firm to capitalise on AI-led price spike of critical metals used to create chips, generate electricity and support computing power
Firm to capitalise on AI-led price spike of critical metals used to create chips, generate electricity and support computing power
Topic:Business Services
The Trump administration is considering establishing a $300 billion investment fund for Iran if Tehran adheres to a ceasefire agreement that includes a nuclear deal, according to a Monday Financial Times report.
The post-meeting news conference will be held by Deputy Gov. Shinichi Uchida, as Gov. Kazuo Ueda was absent from the meeting. (Photo by Nanami Sato)
Japan's central bank has increased its main interest rate to a new 31-year-high after a surge in global energy prices.
Japan's central bank on Tuesday raised its policy rate to the highest in over 30 years at 1%, in line with expectations of economists polled by Reuters, accelerating policy normalization started in 2024.
PARIS, France — News consumers around the world are now turning more to social media and video platforms than traditional outlets for information, a respected report said Tuesday, warning that old-style business models are under threat.
SEOUL, June 16 (Yonhap) -- South Korea's money supply continued to rise in April on an increase in short-term deposits and funds awaiting investment, central bank data showed Tuesday.
“There never was a good war or a bad peace,” wrote Benjamin Franklin, one of America’s founding fathers, in 1783. On Sunday, Washington and Tehran announced preparations to sign a deal in Switzerland this week that could, at last, bring their war to a close. Few outside US President Donald Trump’s administration and…
“There never was a good war or a bad peace,” wrote Benjamin Franklin, one of America’s founding fathers, in 1783. On Sunday, Washington and Tehran announced preparations to sign a deal in Switzerland this week that could, at last, bring their war to a close. Few outside US President Donald Trump’s administration and…
Tencent Cloud is stepping up its push in South Korea, betting on the country's strengths in gaming, media and enterprise technology as local companies increasingly use artificial intelligence and cloud infrastructure to expand overseas.
Company operates Millennium City Park in Kaifeng, a life-size recreation of a famous painting from the Northern Song dynasty
Company operates Millennium City Park in Kaifeng, a life-size recreation of a famous painting from the Northern Song dynasty
SEOUL, June 16 (Yonhap) -- Seoul stocks were trading higher late Tuesday morning, as investor sentiment was lifted following a U.S.-Iran agreement to reopen the Strait of Hormuz.
Critical Resources has delivered a huge manufacturing breakthrough from its solid-state battery evaluation program, successfully depositing a complete cathode, solid-state electrolyte and conductive network layer in a single, dry step.
Beijing's central business district: China's retail goods sales contracted in May, the National Bureau of Statistics reported on June 16, as consumer confidence faltered last month. © Reuters
SEOUL, June 16 (Yonhap) -- North Korea's state media outlets on Tuesday highlighted economic achievements ahead of a key party plenary meeting later this month, in an apparent bid to rally workers behind the ruling Workers' Party of Korea (WPK).
June 16, 2026 — 12:22pm
Kakao Bank said Tuesday it had held talks with the governor of Mongolia's central bank and executives from MCS Group on expanding cooperation in digital banking and financial innovation in the country.
China's retail sales fell for the first time in more than three years in May while urban investment contracted more than expected, signaling deepening economic slump, according to data released Tuesday by the National Bureau of Statistics.
South Korea will make all necessary efforts to protect the interests of its steel companies ahead of the implementation of a new European Union steel policy aimed at addressing global overcapacity, the trade ministry said Tuesday.
South Korea's trade minister on Tuesday discussed countermeasures against Washington's proposed tariffs on dozens of countries, including Asia's fourth-largest economy, over their alleged failure to enforce import bans on products made through forced labor.
Despite a surge in exports, China’s economy remained under pressure in May, with the first monthly decline in retail sales since late 2022
Despite a surge in exports, China’s economy remained under pressure in May, with the first monthly decline in retail sales since late 2022
SEOUL, June 16 (Yonhap) -- South Korea will make all necessary efforts to protect the interests of its steel companies ahead of the implementation of a new European Union (EU) steel policy aimed at addressing global overcapacity, the trade ministry said Tuesday.
SEOUL, June 16 (Yonhap) -- South Korea's trade minister on Tuesday discussed countermeasures against Washington's proposed tariffs on dozens of countries, including Asia's fourth-largest economy, over their alleged failure to enforce import bans on products made through forced labor.
ASHTON-IN-MAKERFIELD, England — They seem an unlikely duo: The centibillionaire financial data tycoon, and the self-styled man of the people bidding to be Britain’s next prime minister.
Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party party is continuing to focus on whether to cut the sales tax on food to zero, largely casting aside proposals for a smaller reduction to 1% that would be easier for retailers to implement.
Tue 16 Jun 2026 at 11:53am
SEOUL, June 16 (Yonhap) -- South Korean defense firm LIG Defense & Aerospace (D&A) Co. said Tuesday it has agreed with Germany's Rheinmetall to establish a strategic partnership aimed at supplying air defense systems to the European market.
A man walks through a flooded market in New Delhi on Sept. 5, 2025, after the water level of the Yamuna River rose due to heavy monsoon rains. © Reuters
A U.S.-Iran deal intended to reopen the Strait of Hormuz within days has left many of the world’s top shipowners, traders and oil producer nations seeking clarity about the terms of the pact that’s pivotal to the global economy.
Cross-border consumers say low prices still outweigh concerns after state regulator announced it had summoned company representatives
Cross-border consumers say low prices still outweigh concerns after state regulator announced it had summoned company representatives
FOR many women, health often takes a back seat to the demands of work, family and everyday responsibilities. Yet, advocates and health experts are reminding Filipinas that caring for themselves is not selfish, it is an act of empowerment and an investment in their future.
‘Contact window’ launched for political, military, economic and social intelligence but critics say disinformation will be a challenge
‘Contact window’ launched for political, military, economic and social intelligence but critics say disinformation will be a challenge
Update (9:00pm): just a few minutes after the initial post, the squeeze is accelerating and SPCX hit just shy of $230, or $3 trillion in market cap, surpassing MSFT in value.
News consumers around the world are now turning more to social media and video platforms than traditional outlets for information, a report said Tuesday, warning that old-style business models are under threat.
Where you live in the U.S. can make a huge difference in economic output per person.
Developers face a crucial test as Beijing’s capital clampdown intersects with Hong Kong’s recovering housing market
Developers face a crucial test as Beijing’s capital clampdown intersects with Hong Kong’s recovering housing market
The competition watchdog is taking Grill’d to court for allegedly misleading customers about donating $1 for every burger purchased on “Tree Day Tuesdays” for several years.
The United States said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted Tehran would have to fulfill its commitments before getting any economic benefits.
A surge of freed shares will challenge Hong Kong’s stock market, with analysts pointing to inflows and corporate support as key buffers
A surge of freed shares will challenge Hong Kong’s stock market, with analysts pointing to inflows and corporate support as key buffers
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.