Japan current account surplus hits $24.8 billion in February
TOKYO: Japan posted a current account surplus of 3.93 trillion yen, or about $24.8 billion, in February, as strong returns on overseas investments helped offset softer trade-related...
Category : Business
ADB unveils fund to speed ASEAN power grid plans
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and...
South Korea sets February current account record
SEOUL: South Korea posted its largest monthly current account surplus on record in February, as a sharp rise in semiconductor shipments and other technology exports drove a...
Shenzhen Port tops 8.52 million TEUs in first quarter
SHENZHEN: Shenzhen Port handled 8.5227 million foreign-trade containers measured in TEUs in the first quarter of 2026, official customs data showed, as one of China’s biggest maritime...
Türkiye raises power and gas prices by up to 25%
ANKARA: Türkiye has raised electricity and natural gas prices for households and several business categories, with the biggest increases reaching 25% and taking effect on April...
UAE enters global top 10 exporters in WTO rankings
ABU DHABI: The United Arab Emirates entered the world’s top 10 merchandise exporters in 2025 for the first time, ranking ninth globally after its goods exports...
South Korea food exports rise 4% in first quarter
SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit,...
Vietnam exports jump 19.1% in first quarter of 2026
HANOI: Vietnam’s exports rose 19.1% from a year earlier in the first quarter of 2026 to $122.93 billion, according to official data released on April 4, extending a...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
China expands digital yuan network with 12 new banks
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting...