Global Economic Times

2026.08.12 (Wed)
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U.S. July Payrolls Unexpectedly Drop, Reigniting Concerns Over Labor Market Cooling

WASHINGTON — U.S. nonfarm payrolls unexpectedly contracted in July, breaking expectations of modest growth and stirring fresh debate over the trajectory of the American economy and future Federa
SK Hynix Declares Q2 Dividend of 375 Won Per Share, Signals Enhanced Shareholder Returns in Q3

SEOUL — SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Friday that its board of directors has approved a quarterly cash dividend of 375 Korean won ($0.27) per com

South Korean Retail Investors Pivot Back to Tech Giants: Amazon and Micron Lead Massive Buying Spree

SEOUL — South Korean retail investors—affectionately referred to in financial markets as "Seohak Ants" for their diligent and aggressive buying of foreign equities—have e

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Non-Banking Lenders See Surge in Household Loans Amid Overall Slowdown: Seoul – While household lending across South Korea’s financial sector has continued its upward trajectory for the eigh ...; KO YONG-CHUL Reporter 2024.12.12

Won-Dollar Exchange Rate Soars Amid Political Uncertainty, Raising Concerns Over Foreign Exchange Reserves: Seoul – The South Korean won has weakened significantly against the U.S. dollar following the declaration of martial law on ...; KO YONG-CHUL Reporter 2024.12.12

Egypt's Inflation Slows but Remains High: Cairo, Egypt – Egypt’s annual urban consumer price inflation rate eased slightly in November, reaching 25.5% from 26.5 ...; Ana Fernanda Reporter 2024.12.11

Saudi Arabia's Industrial Sector Sees Strong Growth in October: Riyadh: Saudi Arabia's industrial sector continued its upward trajectory in October 2024, with the Industrial Production Index (IP ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

South Koreans Scramble for Dollars as Won Weakens: Seoul, South Korea – As concerns grow over a potential surge in the won-dollar exchange rate amid a state of emergency and p ...; KO YONG-CHUL Reporter 2024.12.11

South Korea Scraps Inheritance Tax Cuts Amid Political Stalemate: Seoul, South Korea – South Korea’s parliament has blocked a government proposal to reduce inheritance and gift taxes, ...; Desk 2024.12.11

South Korea's Wealth Gap Widens Amid Declining Household Debt: Seoul, South Korea – South Korea's household wealth gap has widened despite a recent decline in overall debt, according to t ...; ONLINE TEAM 2024.12.09

Saudi Arabia's Non-Oil Sector Drives Economic Growth: Riyadh, Saudi Arabia – Saudi Arabia's economy continued its upward trajectory in the third quarter of 2024, propelled by the ...; ONLINE TEAM 2024.12.09

Soaring Fuel Prices in South Korea: Seoul, South Korea – Gasoline and diesel prices in South Korea have continued their upward trend for the eighth consecutive ...; Desk 2024.12.08

Saudi Arabia's Real Estate Boom: A Deep Dive: Riyadh, Saudi Arabia – Saudi Arabia's real estate sector is experiencing unprecedented growth, fueled by government initiati ...; Graciela Maria Reporter 2024.12.08

Domestic Fuel Prices Continue to Soar Despite Falling International Oil Prices: Seoul, South Korea – Despite a recent dip in international oil prices, domestic fuel prices in South Korea have continued to ...; Global Economic Times Reporter 2024.12.07

Global Food Prices Climb to Highest Level Since April 2023: Rome, Italy – Global food prices reached their highest level since April 2023, according to the latest Food Price Index rele ...; Eugenio Rodolfo Sanabria Reporter 2024.12.07

South Korea's Stock Market Plunges Amid Impeachment Crisis: Seoul, South Korea – South Korea's stock market experienced a significant downturn on [Date] as the nation grapples with a d ...; Desk 2024.12.06

South Korea's Real GNI Rises Amidst Slowing Growth: Seoul, South Korea – South Korea's real gross national income (GNI), a measure of a nation's total income, increased by 1.4% ...; JEONG CHAN MYEONG Senior Reporter 2024.12.05

South Korea Unveils Small Business Support Package Amidst Political Turmoil: Seoul, South Korea – Despite the ongoing political upheaval following the declaration of a state of emergency, the South Kor ...; Desk 2024.12.05

South Korea's Housing Market Cools Amid Tightening Regulations: Seoul, South Korea – South Korea's housing market is experiencing a significant downturn, marked by a continuous decline in ...; Desk 2024.12.05

South Korea Tightens Rules on Year-End Tax Settlements: Seoul, South Korea – South Korea's National Tax Service (NTS) has announced a significant overhaul of its year-end tax settl ...; Desk 2024.12.05

Consumer Prices Rise as Food Costs Soar, Despite Falling Oil Prices: Seoul, South Korea – South Korea's consumer prices continued to climb in November, marking the third consecutive month of in ...; ONLINE TEAM 2024.12.04

New York Stocks Close Mixed Amid South Korean Political Turmoil: New York, NY – Major U.S. stock indices closed mixed on Wednesday as investors grappled with the fallout from South Korean P ...; Global Economic Times Reporter 2024.12.04

Hungary to Resume Large-Scale Infrastructure Investments in 2025: Budapest, Hungary – The Hungarian government has announced plans to reinvigorate its infrastructure investment program in 20 ...; Ana Fernanda Reporter 2024.12.03