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SEOUL, May 15 (Yonhap) -- South Korean stocks plummeted more than 6 percent Friday, after briefly topping the historic 8,000-point landmark, as investors moved to cash out tech and other market heavyweights after a record-breaking rally amid lingering uncertainties over the Middle East crisis.
European stocks are set to fall on Friday as inflation returns to investors' minds following a week of hotter-than-expected U.S. price data, while U.K. Prime Minister Keir Starmer faces a potential leadership challenge.
How good. The government is not only useless at spending your money, it now wants more of it.
The former chief executive of a Sydney start-up that falsely claimed to have built a revolutionary artificial intelligence platform is facing a prison term for fabricating financial records to swindle investors out of $39 million.
Bank Central Asia, Indonesia's largest private lender by assets, is among those targeted in planned banking rule changes aimed at mobilizing more funds to support President Prabowo Subianto's priority policies.
A former head of the Texas lottery has been criminally charged following an investigation into a $US95 million lottery draw won by Australian professional gamblers, who bought virtually every ticket combination.
Thailand's state-owned energy company PTT reported a higher net profit in the January-March quarter, as tensions in the Middle East pushed oil and gas prices higher. (Photo by Ken Kobayashi)
Singapore Airlines has seen Air India drag on its earnings for about five quarters, but analysts and the airline say the investment will pay off in the long term.
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
A 737 MAX airplane sits on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, on April 15. © Reuters
Singapore/Jakarta: Australian fugitives smuggled to Indonesia from remote Queensland say they were fleeing because of threats from a suspected “competitor” to their NSW tobacco business, Indonesian prosecutors say.
Property investors have been pulling out of this weekend’s auctions and showing more caution about purchases, agents said, after this week’s budget curbed investor tax breaks.
Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India Nov. 30, 2024. © Reuters
Anthropic is considering joining a Japanese corporate alliance on cyber defense. (Nikkei montage/Source photos by Yuki Nakao and Suzu Takahashi)
Somewhere in the rows of blossoming tubs containing hundreds of thousands of $5 plushy flowers, friends Sarah Martinuz and Brianna Beckett excitedly pluck their next arrangement.
Outstanding value of bets passes US$420 billion amid seven-day record run, as investors drive indices to new highs
Outstanding value of bets passes US$420 billion amid seven-day record run, as investors drive indices to new highs
A commuter monitors the meter as an attendant refuels his scooter at a filling station in New Delhi, India, Friday, May 15, 2026. (AP Photo/Shonal Ganguly)
The president said he had secured trade deals and made progress on getting Chinese help to reopen the Strait of Hormuz.
Employees of Hana Bank celebrate in a photo-op to mark the Korea Composite Stock Price Index (KOSPI) of over 8,000 points at a dealing room of Hana Bank in Seoul, South Korea, Friday, May 15, 2026. (AP Photo/Lee Jin-man)
BEIJING — U.S. President Donald Trump has invited Chinese President Xi Jinping to visit the White House on September 24, indicating that trade talks will extend beyond this week's two-day summit in Beijing.
City welcomed 4.21 million visitors in April, taking total in first four months to 18.52 million – 15 per cent higher than in same period last year
City welcomed 4.21 million visitors in April, taking total in first four months to 18.52 million – 15 per cent higher than in same period last year
(ATTN: ADDS regulatory filings from Kakao Corp. in paras 4-7)
SEOUL, May 15 (Yonhap) -- Samyang Foods Inc. said Friday it has promoted Vice Chairman Kim Jung-soo, known as the creator of the recipe behind the Buldak ramyeon series, to chairman as part of efforts to strengthen leadership amid its growing overseas business.
A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet
SEOUL, May 15 (Yonhap) -- The chief of the country's financial watchdog on Friday urged financial institutions to play a great role in productive and inclusive finance.
US president targets ‘double-digit billions’ in farm sales and 200 Boeing jets as Beijing is said to weigh American oil imports to bypass Middle East shipping risks
US president targets ‘double-digit billions’ in farm sales and 200 Boeing jets as Beijing is said to weigh American oil imports to bypass Middle East shipping risks
Chinese President Xi Jinping speaks with U.S. President Donald Trump at the Communist Party's Zhongnanhai leadership compound in Beijing on May 15. © Reuters
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
SEOUL, May 15 (Yonhap) -- The country's bourse operator on Friday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the index fell sharply shortly after briefly topping the historic 8,000-point landmark.
Anthropic released a paper calling for tighter curbs on China's access to U.S. AI technology up as the two countries' leaders were meeting in Beijing. © Reuters
(ATTN: ADDS more remarks in paras 3, 5-7)By Song Sang-ho
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ST Pharm said Friday it joined the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative, as part of efforts to strengthen its global ESG management.
(ATTN: CHANGES headline, lead; UPDATES with new info in paras 2-3)By Song Sang-ho
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Chariot Resources has firmed up the company’s Nigerian lithium acquisition deal by adding a key lease in its Fonlo project area at no extra purchase cost, while extending the deal timetable. The company has also boosted its regulatory spend by converting three short-dated and small-scale mining licences into broader…
The U.S.-Israeli war with Iran, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast. In Lebanon, those woes have been compounded by the country’s existing economic problems and by largely unregulated markets that are vulnerable to price gouging.
Hana Financial Group is investing 1 trillion won ($667 billion) in Dunamu, operator of Korea's largest crypto exchange Upbit, in the biggest tie-up yet between a major Korean banking group and a domestic digital asset firm.
Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the march
A view of Kuala Lumpur's skyline: Malaysia's economy grew at a slower pace in the first quarter of 2026, compared with the previous three months. © Reuters
Jamieson Greer, the U.S. trade representative, said he expected China to agree to purchase more than $10 billion in U.S. agricultural products, as President Trump prepares to wrap up a high-level summit in Beijing.
China on Friday stressed that a ceasefire must be reached urgently in the region, with trade routes reopened "as soon as possible".
Toyota's site in San Antonio, Texas. The Japanese automaker aims to build a new vehicle assembly plant there, aiming for operation in 2030. (Toyota Motor)
Strong growth in wealth management, brokerage and trading businesses lifts earnings at Korea Investment & Securities
On this day 40 years ago, the city’s flagship carrier opened to public trading on the stock exchange
On this day 40 years ago, the city’s flagship carrier opened to public trading on the stock exchange
The first phase of Abu Dhabi-based Taziz’s chemicals project is on track despite disruption by the Iran war and its ammonia plant is nearing completion, chief executive Mashal Al Kindi has said.