Market

S. Korea, Malaysia Resume Free Trade Talks

South Korea announced on Tuesday that it has resumed negotiations with Malaysia to secure a bilateral free trade agreement, after a 5-year hiatus.

The fourth round of negotiations for the FTA kicked off in Kuala Lumpur for a four-day session, marking…

China’s Industrial Sector Sees Steady Growth in July

China’s industrial sector registered a steady revenue growth in July 2024, as indicated by an increase in VAT invoice issuance, the State Taxation Administration said.

Tax data revealed a 6% year-on-year growth in the sales revenue of industrial comp…

Dollar Hangs near Seven-Month Low on Rate Cut Bets

The dollar hung near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month.

The dollar index, which measures the US currency against six rivals, touched its lowest since Jan. 2 of 101.82 on Tues…

China’s Central Bank Keeps Benchmark Lending Rates Unchanged

China’s benchmark lending rates were held unchanged for August, after the central bank lowered them in July.

The one-year loan prime rate was kept steady at 3.35% and the five-year rate was held 3.85%, according to a statement from the People’s Bank …