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Kospi soars nearly 2 percent with U.S. trade talks extended to August

Kospi soars nearly 2 percent with U.S. trade talks extended to August

Published: 08 Jul. 2025, 20:11 A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 3,114.95 points on July 8, up 55.48 points, or 1.81 percent, from the previous trading session. [NEWS1] Korea's main Kospi bourse...

AP Business SummaryBrief at 2:45 p.m. EDT

Trash and tension mount in Philadelphia on Day 8 of workers strike, while some seek pop-up haulers PHILADELPHIA (AP) — Philadelphia faces mounting trash and tension as a strike by many of the city's blue-collar workers enters its eighth day. Some...

Transitioning to a climate-ready economy

As climate change worsens and environmental damage increases, no country—whether rich or poor—is safe from the harmful effects of changing weather patterns, rising sea levels, and shrinking natural resources. Despite many international agreements...

US dollar weakens: Could foreign currencies challenge the dominance of the dollar?

US dollar weakens: Could foreign currencies challenge the dominance of the dollar?

The Fourth of July week saw a marathon voting session in the Senate on President Trump’s “Big Beautiful Bill” which passed Tuesday by the Vice President’s tie breaking vote. The House approved it Thursday 218 to 214. The June Federal order Class...

Seaweed farming: A green opportunity for Oman’s blue economy

Seaweed farming: A green opportunity for Oman’s blue economy

As nations worldwide grapple with the twin challenges of feeding a growing population and confronting climate change, seaweed is emerging as a quiet but powerful ally in the quest for sustainable development. In Oman, researchers and policymakers...

India, US push deadline to strike trade deal to 31 July

India, US push deadline to strike trade deal to 31 July

Unlike 14 countries that have already received formal letters—and others may soon get them—from President Trump outlining revised tariff schedules after a 90-day pause, India will not receive any such communication, the people said, speaking on...

Japan, South Korea seek to negotiate on tariffs before August deadline

Japan, South Korea seek to negotiate on tariffs before August deadline

By Jeff Mason and Leika Kihara WASHINGTON/TOKYO (Reuters) -Powerhouse Asian economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the impact of sharply higher tariffs that President Donald Trump now...

Excelerate Energy launches FSRU in South Korea

Excelerate Energy launches FSRU in South Korea

Save to read list Published by Jessica Casey, Editor LNG Industry, Tuesday, 08 July 2025 09:45 Excelerate Energy has announced the on-schedule launching of its newbuild FSRU, Hull 3407, from the HD Hyundai Heavy Industries shipyard in South Korea....

Middle-Income Households Hit Hardest by South Korea’s Inflation

New research from Pusan National University challenges conventional economic views by revealing that South Korea’s recent cost-of-living crisis disproportionately impacted middle- and upper-income households, not the poorest. Dr. Taiwon Ha’s...

Grid Interconnection Deal Sealed for 1 GW South Korean Offshore Wind Projects

Grid Interconnection Deal Sealed for 1 GW South Korean Offshore Wind Projects

Haesong Offshore Wind Company has signed a grid interconnection agreement with Korea Electric Power Corporation (KEPCO) for the Haesong Offshore Wind 1 and Haesong Offshore Wind 3 projects. Haesong Offshore Wind 1 and 3 projects are managed and...

US extends tariff suspension on India until Aug 1, easing pressure on trade talks

US extends tariff suspension on India until Aug 1, easing pressure on trade talks

Daijiworld Media Network - New Delhi New Delhi, July 8: The United States has extended the suspension of its proposed reciprocal tariffs on Indian goods until August 1, giving much-needed breathing space to Indian exporters and injecting fresh...

Trump sends Prabowo letter to ram through trade talks

Trump sends Prabowo letter to ram through trade talks

nited States President Donald Trump has sent a letter to President Prabowo Subianto pushing for progress in trade talks, warning that Washington will impose a 32 percent tariff on all Indonesian exports starting next month unless Jakarta works out...

Asian Economies in Rush To Cut Tariff Deals

Asian Economies in Rush To Cut Tariff Deals

Asian countries including Japan and South Korea said they’ll keep pushing for a better deal for their exports to the US after President Donald Trump shifted his tariff deadline to August 1st and tweaked the rates he’s set for many economies. In...

Wall St steadies as investors focus on trade talks after latest tariff shock

Wall St steadies as investors focus on trade talks after latest tariff shock

Wall Street’s main indexes largely held firm on Tuesday, as jitters over President Donald Trump’s latest tariff offensive were offset by mounting hopes that fresh talks with U.S. trading partners could avert a full-blown global tariff war. On...

Wall Street Live: US stocks mixed as investors await new trade developments, Intel climbs 4.1%

Wall Street Live: US stocks mixed as investors await new trade developments, Intel climbs 4.1%

US stock indices were mixed on Tuesday as investors awaited new trade developments after Trump administration slapped 25% tariffs on two Asian countries. As of 9:56 AM Eastern time, the benchmark S&P 500 was up less than 0.1%, the Dow Jones...

The age of AI and its new currency

The age of AI and its new currency

In the twentieth century, oil and its accessibility were one of the greatest geopolitical advantages a nation could have. Oil dictated wars, alliances, and the global balance of power. Nations rose or fell, fought or allied, all for a resource...

Trump Raises Tariffs on South Korea and Japan to 25% Starting August 1

Trump Raises Tariffs on South Korea and Japan to 25% Starting August 1

President Donald Trump wrote to South Korean and Japanese leaders Monday to inform them that their countries’ exports will face higher tariff rates starting next month, and leaving the door open to further increases or negotiated tariff...

Trump’s trade war makes no logical sense

Trump’s trade war makes no logical sense

Last week, a trade deal was announced between the United States and Vietnam. Under the terms of the deal, as reported by Reason Magazine’s Eric Boehm, “American exports to Vietnam will face no tariffs while Vietnamese goods imported into the...

A Look at the 14 Countries That Received Trade Letters

A Look at the 14 Countries That Received Trade Letters

[Stay on top of transportation news: Get TTNews in your inbox.] President Donald Trump sent letters to 14 countries July 7 outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1. In the letters, which were...

AP Business SummaryBrief at 10:44 a.m. EDT

Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other...

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