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CHANGWON, South Korea, April 30 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co. (GM), has reaffirmed its commitment to maintaining operations, dismissing persistent market rumors of a potential exit, while also noting that ongoing geopolitical tensions in the Middle East have not disrupted its …
(ATTN: ADDS more info, remarks in paras 15-18)By Song Sang-ho
Bill Ackman‘s long-anticipated Wall Street debut flopped on Wednesday, as shares of his new closed-end fund tumbled 18% on the New York Stock Exchange despite the hedge-fund billionaire’s rampant following on social media.
In our preview of Amazon's earnings, we summarized sentiment as "Bullish, But Concerns Remain" with JPM noting that client "conversations were heavily AWS-skewed with investor focus on degree of acceleration and cloud $ re-capture driven by core workloads, AI, & new partnerships. Still, some concerns remain on broad…
(ATTN: RECASTS headline, lead; UPDATES throughout)By Song Sang-ho
Heading into the "biggest earnings day ever", MSFT was near the bottom of the Mag7 group, down 22% from its 52-week high, with capacity constraints hampering growth and CapEx concerns weighing down the stock.
More jumps for oil prices sent tremors through the bond market, along with hints that some Federal Reserve officials don’t want to cut interest rates any time soon. But fat profit reports from Visa and other big companies helped the U.S. stock market remain resilient Wednesday.
Four suspiciously-timed trades on the oil futures market have analysts and traders outraged — calling out corruption in the industry or, even worse, data leaks at the highest level.
A man walks with a robot dog at the Beijing International Automotive Exhibition, or Auto China, in Beijing, on April 24. China has made disproportionately heavy investments in robots. © Reuters
Sri Lanka’s economic performance in 2025 marks a significant turning point in the country’s modern economic history. According to the latest Central Bank report, which was recently published, Sri Lanka has achieved a robust economic growth rate of 5%, signaling a strong recovery trajectory following years of fiscal …
Speaker Dr. Jagath Wickramaratne stated that a comprehensive audit had been conducted on the financial management of the eighth and ninth Parliaments and the Auditor General will present the report to Parliament within a month. He made these remarks while visiting the Mahanayake Theras of the Malwatte and Asgiriya C…
Sri Lanka Insurance Corporation General Limited (SLICGL) delivered a remarkable performance in 2025, reinforcing its position as Sri Lanka’s leading general insurer with outstanding results across key financial metrics. The company sustained a Gross Written Premium (GWP) of Rs. 30.3 billion, demonstrating the resili…
MP Ravi Karunanayake has urged the Government to prioritise the settlement of US$ 2.5 million owed to the Australian government, asserting that doing so would position Sri Lanka to seek Australia’s assistance in navigating the ongoing financial difficulties.
Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group’s latest Commodity Markets Outlook. Overall commodity prices are forecast to …
The Bank recorded a Profit Before Income Tax (PBT) of LKR 4,548Mn in Q1 2026, against LKR 4,199 Mn reflecting a growth of 8.31%. For the three months ended 31st March 2026, Profit after Tax recorded by Seylan Bank was LKR 2,906 Mn with a growth of 5.25% against LKR 2,761 Mn recorded in the corresponding period of 2025.
Sri Lanka Cricket (SLC) has provided a financial grant to rising javelin thrower Rumesh Tharanga Pathirage who has went on to set up a new meet record of 89.28m and won the gold medal at the AIP Keino Classic Meet in Nairobi, Kenya recently. He was awarded Rs. 10 million.
British Cosmetics (Private) Limited, one of Sri Lanka’s leading manufacturers of premium skincare, cosmetics and personal care products, has entered into a strategic partnership with Ethera Business LLC to support a disciplined expansion into international markets.
The move would deny the US president a chance to fill the seat on the central bank’s governing board with his own appointee
The move would deny the US president a chance to fill the seat on the central bank’s governing board with his own appointee
Sampath Bank PLC continues to transform Sri Lanka’s banking landscape through the introduction of a fully integrated, AI-driven lending ecosystem, reinforcing its leadership in intelligent, data-led financial solutions.
Sri Lanka’s most Trusted and Innovative media services provider
The Palestinian Football Association (PFA) has turned to a global sporting arbitrator to appeal what it calls an "unjust" decision by Fifa not to sanction Israel for running football clubs out of Israeli settlements inside the occupied West Bank.
Oil prices kept spurting higher and neared their highest levels since 2022. The leap, along with hints that some Federal Reserve officials don’t want to cut interest rates any time soon, sent tremors through the US bond market, but US stocks dipped only modestly.
Sydney’s median house price has slipped back from an all-time high as poor affordability and deteriorating consumer confidence weigh on the market.
Perth’s house prices have risen for another quarter in the longest uninterrupted stretch of growth since 2000-07, but there are warnings buyers could be hitting an “affordability ceiling” as looming tax changes take the shine off WA’s market for investors.
The cost of most everyday items is up — here's by how much.
Canisters of infant formula are priced as high as $31.75 per 12.4-ounces at a market serving the Central American immigrant community in the Westlake/Pico Union area of Los Angeles, Tuesday, April 7, 2026. (AP Photo/Damian Dovarganes)
WASHINGTON, April 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the third consecutive time in what might be its last rate decision under Chair Jerome Powell, as concerns have risen over the impact of the U.S.-Israeli war against Iran on oil prices and inflation.
Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding rates
The US Federal Reserve held interest rates steady on Wednesday as rising oil prices due to the Iran war added to growing concerns over the inflation outlook.
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.
Readers of The Post interested in trying out Polymarket, the fast-growing prediction market, can collect a $20 bonus when they create an account using the Polymarket promo code NYPMAX.
Since the last FOMC meeting (on March 18), gold has been clubbed like a baby seal ("EM piggy bank") while stocks and oil have surged (with the former ignoring the peril of the latter)...
Authored by Micah Zimmerman via Bitcoin Magazine,
It’s unlikely that any major musical acts from the US or Europe will be daring or willing enough to perform in Israel this year, but Eastern Europeans might be of a heartier stock.
Dubai Police have led a global operation with the US FBI and police in China, resulting in the arrest of 276 suspects in organised financial crime.
Oil tankers dock at a port in Qingdao, China. Beijing looks to expand imports of resources from Africa. © Reuters
Kalshi has a welcome bonus for first-time users who want to sign up for the fast-growing prediction market platform this spring.
President Trump has instructed his aides to prepare for an extension of America’s naval blockade of Iran to squeeze Tehran’s already struggling economy, officials said.
Energy prices are anticipated to surge 24% in 2026, the largest jump since the Russian invasion of Ukraine in 2022, as a result of the Iran conflict, the World Bank predicted in the latest Commodity Markets Outlook published on Tuesday.
Dmitry Peskov, Kremlin spokesperson, said Russia has no plans to leave OPEC+ and praised the group’s role in stabilising energy markets.
By Igbal Guliyev, dean of the School of Financial Economics at MGIMO University, doctor of economics and professor
By Igbal Guliyev, dean of the School of Financial Economics at MGIMO University, doctor of economics and professor
Kevin Warsh, President Trump’s pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank.
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Amazon is scheduled to report first-quarter results after the market close on Wednesday.
Microsoft is set to report fiscal third-quarter results after the close of regular trading on Wednesday.
The latest ABS consumer price index figures show just how pointless hiking interest rates would be at dealing with inflation. But raising rates is baked into the Reserve Bank’s DNA
Airline joins state-owned peers in placing large orders with European manufacturer, while rumoured Boeing deal could hinge on Trump visit
Airline joins state-owned peers in placing large orders with European manufacturer, while rumoured Boeing deal could hinge on Trump visit