SEJONG — Vice Finance Minister An Il-whan on Tuesday urged the National Assembly to swiftly approve the third extra budget to help revive the virus-hit economy, saying the budget is desperately …
Korea’s Swiss Debt Gets Boost From Virus Success, UBS Says
Swiss bond connection looks here to stay.South Korea has over the years been one of the biggest overseas sources of corporate notes denominated in Swiss franc, as its issuers have found borrowing cost …
N.Korea seen reinstalling border loudspeakers, defectors send leaflets
North Korea is reinstalling loudspeakers blaring propaganda across the border in its latest step away from inter-Korean peace agreements, prompting the South’s military to explore similar moves, a …
Japan sticks to budget surplus goal despite massive virus spending
Japan remains committed to reaching a budget surplus in fiscal 2025, Finance Minister Taro Aso said on Tuesday, even as the heavily indebted nation has been forced to ramp up spending to offset the …
US says Pakistan budget lacked transparency
A new report by the United States has said that Pakistan’s budget lacked minimum fiscal transparency and it also did not adequately disclose all debt information amid a sharp surge in government’s …
China’s answer to India crackdown: Dragon eyes Bangladesh, Nepal with better trade deals
However, Indian exporters feel it will be tough for Bangladesh to ramp up supplies to China and improve trade balance, given Beijing’s typical use of non-tariff barriers to scuttle tariff concessions …
Eni (E) Plans to Exit Pakistan Through Huge Asset Divestment
Eni S.p.A. E has plans to divest oil and gas resources in Pakistan, per Bloomberg. The company has been operating in the South Asian country for 20 years. It is in talks with a financial advisor to …
India initiates probe into alleged dumping of aluminium foil from 4 nations
Hindalco Industries, Raviraj Foils and Jindal India have filed an application before the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), seeking initiation of …
India’s Own Version of Yield Curve Control Seen Already in Play
Even as central banks warm up to the idea of adding yield curve control to their armory, some investors say the Reserve Bank of India may have already adopted its own version of yield-management …
ADB approves 26.4-mln-dollar loan to expand food programs for vulnerable groups in Mongolia
ULAN BATOR, June 22 (Xinhua) — The Asian Development Bank (ADB) has approved a loan of 26.4 million U.S. dollars to lessen the socio-economic impacts of the COVID-19 pandemic on poor and vulnerable …