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(News Focus) U.S.-Iran deal offers relief to S. Korean economy, but lower energy prices may take time

SEOUL, June 15 (Yonhap) -- A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased one of the biggest external risks facing South Korea's economy, but oil prices could take time to stabilize and return to pre-war levels, experts said Monday.

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Great Southern fires up 20,000m WA gold hunt

Great Southern Mining is set to kick off the largest drill program since acquiring its Duketon tenure in 2021. A first phase of up to 20,000 metres in reverse circulation (RC) drilling is slated to begin next week at the company’s Duketon and Mon Ami gold projects in Western Australia’s prolific Laverton region.

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On this day in Korea - June 16, 1998: Chung leads cattle to North

Hyundai Group’s honorary Chairman Chung Ju-yung visited North Korea, taking 500 head of cattle that he donated to the country. Chung became the first South Korean civilian to be allowed to visit the North through the truce village of Panmunjom in the Demilitarized Zone. The founder of South Korea’s leading conglomer…

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UBS Checks With Major Restaurant Franchisees Reveal Troubling Consumer Trends

In a continuation of our note on the health of America's restaurant industry, we cite UBS analyst Dennis Geiger for a second straight week, as his coverage of the consumer and restaurant sectors has been spot on. Sentiment toward chain eateries remains "generally cautious," with macro pressures, elevated gas prices,…

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Rate hike seen this week

THE Bangko Sentral ng Pilipinas (BSP) will likely raise key interest rates by another 25 basis points (bps) this Thursday as policymakers seek to address persistent inflationary pressures despite May’s slower-than-expected rise in consumer prices.

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