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The Colombo High Court has announced that the trial of former Energy Minister Kumara Jayakody, who is facing corruption charges filed by the Bribery Commission, will commence on June 17.
On 12 February 2026, the Deputy Minister of Digital Economy Eranga Weeraratne stood before Sri Lanka’s apex anti-money laundering body and presented a document that had never before existed: a Concept Paper for regulating virtual assets. The presentation to the National Coordinating Committee on AML/CFT marked the g…
Two of the big four banks are now predicting a fourth consecutive rate rise to start the year as the Reserve Bank of Australia (RBA) tries to fight rising inflation, caused in part by the war in the Middle East.The RBA yesterday raised the cash rate by 25 basis points to 4.35 per cent for the third time, effective…
Actor-turned politician Vijay is all set to stake his claim on the top post in Tamil Nadu after voters in the state overwhelmingly voted in his favour. With a poll debut with an impressive 108 seats, Vijay will meet Tamil Nadu governor Rajendra Vishwanath Arlekar on Wednesday (May 6). However, in an assembly with 23…
Market cap exceeds 6 quadrillion won as chip giants near 50 percent share
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…
Short selling balances and CFD positions surge to all-time highs even as brokerages move to curb margin lending, raising concerns over market stability.
A global finance watchdog is demanding national regulators better scrutinize private credit, warning that banks, asset managers, insurance and private equity firms are exposed to an assortment of growing risks in the near $2 trillion sector.
Novo Nordisk hiked annual profit guidance on Tuesday, as the pharmaceutical group revealed its blockbuster weight-loss drugs sold far more than expected in the first three months of the year.
Amid fuel-price uncertainty, three interest rate rises this year and unpredictable shifts in consumer behaviour, restaurants and bars in Melbourne are bracing for a tough winter, with some operators deciding to close their doors before the end of this financial year.
SEOUL, May 6 (Yonhap) -- Sales of derivatives-linked securities in South Korea increased in 2025 from a year earlier on a boom in the local stock market, data showed Wednesday.
Samsung Electronics reached a $1 trillion market valuation after shares in the world’s largest memory maker more than quadrupled over the past year on booming demand for the chips used in artificial intelligence.
SEOUL, May 6 (Yonhap) -- Finance Minister Koo Yun-cheol said South Korea's stock market has performed better than before tensions in the Middle East began, attributing the gains to policy efforts.
Operating profit declines as non-operating income buoys bottom line
The Export-Import Bank of Korea is stepping up financial cooperation with India to support investments in key minerals, clean energy and other strategic industries, as Korean companies seek to expand their presence in one of the world's fastest-growing markets.
Operadores pasan junto a pantallas que muestran los tipos de cambio en la sala de operaciones del Hana Bank en Seúl, Corea del Sur, el miércoles 6 de mayo de 2026. (AP Foto/Lee Jin-man)
LS Electric said Wednesday it will showcase customized power solutions for the North American market at IEEE PES T&D 2026, to be held at McCormick Place in Chicago.
Employees of Hana Bank celebrate in a photo opportunity to mark the Korea Composite Stock Price Index (KOSPI) of over 7,000 points at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 6, 2026. (AP Photo/Lee Jin-man)
SEOUL, May 6 (Yonhap) -- Tax authorities said Wednesday they will launch an investigation into unfair practices in the stock market, with suspected tax evasion estimated to reach 2 trillion won (US$1.37 billion).
WASHINGTON, D.C. — President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks about shared economic and security issues, a White House official said, speaking on condition of anonymity about a meeting that has not been officially announced.
Regulators no longer have to worry that Spirit Airlines might upset the air-travel market by merging with the wrong competitor.
Finance Minister Koo Yun-cheol underscored the importance of a green transition to reduce reliance on fossil fuels during the annual meeting of the Asian Development Bank in Samarkand, Uzbekistan, earlier this week, his office said Wednesday.
SEOUL, May 6 (Yonhap) -- Finance Minister Koo Yun-cheol underscored the importance of a green transition to reduce reliance on fossil fuels during the annual meeting of the Asian Development Bank (ADB) in Samarkand, Uzbekistan, earlier this week, his office said Wednesday.
SEOUL, May 6 (Yonhap) -- Inflation is projected to rise further this month, driven by higher oil prices amid ongoing tension in the Middle East, the central bank said Wednesday.
Cold War 1994 and The Devil Wears Prada 2 were tipped to shine in a crowded release window – but many consumers chose to stay away
Cold War 1994 and The Devil Wears Prada 2 were tipped to shine in a crowded release window – but many consumers chose to stay away
MANILA, Philippines — The number of unemployed Filipinos dipped in March as labor market conditions slightly improved, the Philippine Statistics Authority (PSA) reported on Wednesday.
Shares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant's market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks.
SEOUL, May 6 (Yonhap) -- Leading online lender Kakao Bank said Wednesday it posted record earnings in the first quarter due to one-off income.
A vendor selling vegetables tends to customers at a public market in Manila, the Philippines. Rising prices of basic goods will be in the spotlight at the ASEAN summit in the Philippine city of Cebu this week. © Reuters
A vendor selling vegetables tends to customers at a public market in Manila, the Philippines. Rising prices of basic goods will be in the spotlight at the ASEAN summit in the Philippine city of Cebu this week. © Reuters
President Lee Jae Myung on Wednesday reaffirmed his commitment to reining in the overheating housing market, calling the normalization of the real estate market a key national policy.
Auto news: Public electric car charging cables cut and stolen at shopping centre
Bombala's Globe Hotel was destroyed by fire in June 2022. (Supplied: Fire and Rescue NSW Station 230)
Jim Chalmers has dismissed a warning from the Reserve Bank governor as hypothetical after she warned giving money to households pushed up inflation and put pressure on the bank to keep hiking rates.
SEOUL, May 6 (Yonhap) -- President Lee Jae Myung on Wednesday reaffirmed his commitment to reining in the overheating housing market, calling the normalization of the real estate market a key national policy.
It could take at least seven months for the world’s oil production to recover once the Strait of Hormuz reopens, market analysts warn — meaning that higher fuel prices will likely last through the Midterm Elections no matter when the war ends.
Three Palestinians have been injured in a settler attack in Masafer Yatta, south of Hebron in the occupied West Bank, according to Wafa news agency.
Thai Prime Minister Anutin Charnvirakul, center, has said the emergency borrowing is needed to stave off stagflation. (Photo by Ken Kobayashi)
Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump
Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump
A courtroom victory for Elon Musk in his high-stakes federal trial against Sam Altman and OpenAI would deliver one of the most disruptive blows to the artificial intelligence sector in its brief but explosive history - potentially forcing the $850-billion-plus company to unwind its for-profit empire, ousting its top…
Lenders increase borrowing rates by 0.25%; pro-Palestine meeting barred from council venue goes ahead outside in Darlington. Follow updates live
In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees.
Super Micro Computer shares jumped 18% in extended trading on Tuesday after the server maker issued strong guidance, although revenue for its fiscal third quarter came in below estimates.
If you take the long view, America’s economic outlook is pretty bleak. Like a lot of rich countries, it is overwhelmed by debt it has no plans to reduce. Even more troubling is its aging population, which will reduce growth and leave fewer people to pay all that debt.
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With its effective closure sending shockwaves through the global economy, the Strait of hormuz has been much discussed throughout the Iran war.
The U.S. stock market rallied to more records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing.