Abdolnaser Hemmati, the head of the Central Bank of Iran, said the actions of banks in South Korea were preventing Iran from using the money to buy foods and medicines, trade that’s exempt from US …
U.S. Plans Oil Tanker Sanctions to Cut Iran-Venezuela Trade
The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.T …
Iran Pushes South Korea to Release Billions Withheld by Banks
Iran is escalating its pressure on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from its U.S. ally and illegally withholding funds …
CORRECTED (OFFICIAL)-Philippines reports 6 more coronavirus deaths, 518 infections
The ministry said total deaths have increased to 1,017 while confirmed cases have reached 22,992. (Reporting by Neil Jerome Morales; Editing by Martin Petty) …
Japan is ‘Perfect’ Place For Cross Asset Investors, SocGen Says
(Bloomberg) — Japan stocks’ 32% rebound from their March-low may have legs, according to a cross asset research note from Societe Generale SA.Japan now seems the “perfect place to be,” especially in …
Indonesia Eyes Early Growth Rebound With Exit From Virus Curbs
Indonesia’s move to gradually ease social distancing rules amid a record surge in coronavirus infections is to ensure an early recovery in Southeast Asia’s largest economy, according to a senior …
Georgia was the first US state to reopen. What does its economy look like now?
So far, the state has not experienced a sustained surge in COVID-19 cases that critics warned would happen when the shelter-in-place order expired.
Kazakhstan Plans to Ramp Up Investment Into Economy, Build High Value Industry
Kazakhstan plans to bring the share of investments in the country’s gross domestic product (GDP) to 30 percent in the next five years, said Kazakh Minister of National Economy Ruslan Dalenov. …
Kazakhstan Provides Economy with More Than $500 Million in Loans
From the beginning of this year, the number of business loans in Kazakhstan has risen 1.4% or $424.4 million up to $35 billion in total. This data was revealed by Erbolat Dosaev, head of the National …
South Korea Jobless Rate Jumps to 10-year High Amid Pandemic
(Bloomberg) — South Korea’s jobless rate jumped to a 10-year high in May as the coronavirus pandemic continued to take a toll on the country’s trade-dependent economy.The unemployment rate climbed to …