Global Economic Times

2026.03.22 (Sun)
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Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security

RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel if the ongoing conflict in Iran and subsequent supply disruptions ext
South Korea Unveils $47 Million "AX One-Stop" Initiative to Accelerate Industrial AI Transformation

SEOUL — In a bold move to cement its position as a global AI powerhouse, the South Korean Ministry of Science and ICT (MSIT) announced today a massive investment of 625.46 billion KRW (approxima

Finance Chief Koo Vows All-Out Measures to Stabilize Markets Amid Rising Global Volatility

SEOUL — South Korea’s top economic policymaker declared on Thursday that the government is prepared to mobilize all available policy tools, including a supplementary budget and massive mar

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LG Electronics Boosts Shareholder Value with KRW 200 Billion Return and Full Treasury Stock Cancellation: SEOUL — LG Electronics, a global leader in technology and innovation, announced a significant acceleration of its corporate ...; Global Economic Times Reporter 2025.11.28

Bitcoin Rebounds as Risk Appetite Revives, Institutional Buying Returns: Bitcoin, the flagship cryptocurrency, has staged a notable recovery, breaching the ₩136 million mark in the South Korean market an ...; Global Economic Times Reporter 2025.11.28

HP Unveils Major Restructuring: Up to 10% Workforce Cut to Fund AI Expansion: (C) Mint SEOUL - U.S. computer and printer giant HP (Hewlett-Packard) is embarking on a significant restructuring plan, prioriti ...; Desk 2025.11.26

IMF Urges Korea: Raise Retirement Age to 65, Pension Age to 68, and Overhaul Wage Structure Simultaneously: The International Monetary Fund (IMF) has issued a rare, specific recommendation regarding South Korea's labor and pension systems ...; KO YONG-CHUL Reporter 2025.11.26

South Korea's Overseas Card Spending Soars to Record High of $5.93 Billion Amid Travel Boom: (C) Roshan Kashmir SEOUL – Overseas card spending by South Korean residents surged to an all-time high in the third quart ...; Global Economic Times Reporter 2025.11.25

India’s Economic Resilience: S&P Forecasts Robust 6.5% GDP Growth Despite Punitive US Tariffs: (C) Outlook Money NEW DELHI—Global ratings agency S&P has projected that the Indian economy will maintain a strong gr ...; Global Economic Times Reporter 2025.11.25

U.S. Treasury Secretary Scott Bessent Dismisses Recession Fears, Touts 'Blockbuster' 2026 Growth Despite Shutdown Cost: (C) Mint WASHINGTON, D.C. — U.S. Treasury Secretary Scott Bessent has struck a deeply optimistic tone regarding the Ameri ...; Eunsil Ju Reporter 2025.11.24

KOSPI Recovers 4,000 Mark on Nvidia Boost, KOSDAQ Rises Over 2%: SEOUL, November 20, 2025 – The KOSPI index soared past the 4,000-point threshold for the first time in three trading days, b ...; KIM YOUNG MIN Specialized Reporter 2025.11.20

Bitcoin Price Stalls Amid Institutional Buying, Retail Selling, and Rate Uncertainty: Bitcoin continues its sideways movement, hovering around the KRW 136 million mark, as uncertainty regarding the U.S. Federal Reser ...; KO YONG-CHUL Reporter 2025.11.20

Berkshire Hathaway's $4.3 Billion Alphabet Bet Signals Shift in Investment Strategy: (C) Moneycontrol New York/Omaha - Berkshire Hathaway, led by legendary investor Warren Buffett (95), has captured Wall Street's ...; Global Economic Times Reporter 2025.11.16

Kioxia Plunges to Daily Limit on Disappointing Earnings, Rattling Global Chip Stocks: (C) KIOXIA TOKYO/SEOUL/NEW YORK – Japanese flash memory maker Kioxia Holdings saw its shares plummet to the daily lower l ...; Global Economic Times Reporter 2025.11.14

Firefly Aerospace Stock Soars on Surprise Q3 Beat and Raised Guidance: (C) Sputnik US space startup Firefly Aerospace (NASDAQ:FLY) experienced a much-needed surge in its stock price, climbing over 2 ...; Eugenio Rodolfo Sanabria Reporter 2025.11.13

Korean Margin Debt Soars to Record High Amid '5000-Point Hopes,' Sector Concentration Rings Alarm Bells: (C) Pixabay SEOUL — South Korea's "Bit-tu" (investing with borrowed money) balance has surged to an all-time high, breaki ...; Global Economic Times Reporter 2025.11.10

The Unemployment Paradox: South Korea's Falling Jobless Rate Masks Deeper Economic Woes: (C) Al Jazeera Despite a significant slowdown in economic growth, South Korea continues to report surprisingly low unemployment ...; ONLINE TEAM 2025.11.08

South Korea's Financial Markets Face Turbulence: Stocks, Won, and Bonds All Fall: (C) The Japan Times The South Korean financial market is showing clear signs of distress as the KOSPI index, the Korean Won, and ...; Hwang Sujin Reporter 2025.11.08

Bank of England Maintains Rate at 4.00% Amid Peak Inflation Signal, Hints at Future Cuts: (C) KAOHOON INTERNATIONAL LONDON—The Bank of England (BOE), through its Monetary Policy Committee (MPC), voted narrowly on ...; Pedro Espinola Special Correspondent 2025.11.07

U.S. Government Rejects AI Bailout Amidst Bubble Debate: The ongoing debate over whether the Artificial Intelligence industry is heading toward a massive financial bubble has intensified ...; Eugenio Rodolfo Sanabria Reporter 2025.11.07

Bitcoin Tumbles Below $100,000: Market Correction or Start of a Deeper Slide?: SEOUL — The cryptocurrency market is reeling after a sharp and sudden sell-off pushed the price of Bitcoin below the crucial ...; KO YONG-CHUL Reporter 2025.11.05

South Korea's Foreign Reserves Surge to $428.8 Billion, Reclaiming 9th Global Rank: SEOUL — South Korea's foreign exchange reserves have surged for the fifth consecutive month, reaching a substantial $428.82 ...; Desk 2025.11.05

US Stock Market Closes Mixed Amid Tech Surge, Kospi Retreats Below 4,200: US Stock Market Closes Mixed Amid Tech Surge, Kospi Retreats Below 4,200 (C) Pixabay The US stock market concluded with mixed ...; Global Economic Times Reporter 2025.11.04

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