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Gains in LG's market capitalization have been the highest among major companies.
With Chairman Koo Kwang-mo at the helm, the South Korean conglomerate LG has been able to outpace its larger competitors Samsung, SK, and Hyundai Motor in terms of overall market value growth over the past year thanks to its focus on change, innovation, and the development of new growth engines. ...
South Korea: "20 years of protesting, and we still don't have equal rights."
Because there are steps, I can't go to the theater. For the same reason, I can't go to the convenience store or the new café that just opened," he says. "Even when I do get into a place, the bathroom is a problem. I can't use it most of the time." But when he tri...
Dollar gains ground as attention shifts to inflation in Europe
Following unfavorable surprises in Germany, France, and Spain that gave the euro a boost this week, the dollar took a breather in Asia on Thursday, stabilizing as U.S. yields increased and investors awaited European inflation data. The dollar's 0.9% loss against the euro on Wednesday was the ...
Western arm manufacturing will increase as Ukraine depletes its supply
The six-month-old Ukrainian war against Russia's invasion is motivating Western countries to mobilize their armaments producers to increase production and restore stockpiles severely depleted by that supply.
Senior national armaments directors from allies will gather this week, as U...
The United Nations has issued a warning about suspected "crimes against humanity" in Xinjiang
On Wednesday The United Nations issued a shocking report on investigating significant human rights violations in China's Xinjiang province, claiming torture allegations were plausible and alleging possible crimes against humanity.
Despite strong pressure from an enraged Beijing, the...
Cryptocurrency of online Squid Game gains 300% in 24 hours
South Korea’s drama television series Squid Game has become very famous in a short span of time. Gamers have created an online version of the program. People will have to use Squid cryptocurrency to play the game. The crypto has gained nearly 300 percent over the past 24 hours...
IMPACT OF US' PLANS TO NEARLY DOUBLE CAPITAL GAINS TAX CLEARLY VISIBLE ON STOCK MARKETS
Highlights
• A report by Bloomberg stated that investors earning $1 million or more would have to pay a tax of 39.6 percent on any capital gains, which happens to be nearly double than the existing rate
• The report further said a separate surtax on investment income...
XI JINPING ANNOUNCES CHINA READY TO WORK WITH TANZANIA
Highlights –
- Xi Jinping announces China ready to work with Tanzania.
- Xi wishes to build a comprehensive cooperative partnership with Tanzania.
- Xi had a telephonic conversation with Tanzanian counterpart John Magufuli.
- Tanz...
SHINZO ABE AND HIS SECRETARY ACCUSED OF ILLEGAL SUBSIDIZED COSTS IN 2018 DINNER FUNCTION
Highlights –
- Shinzo Abe and his secretary accused of illegal subsidized costs in 2018 dinner function.
- A criminal complaint was filed in May and August against Abe and his aides.
- He and his aides are said to have violated the election...
CRIMINAL SUIT FILED AGAINST STUDENT IN CENTRAL JAPAN FOR SELLING FAKE STIMULANT DRUGS
Highlights –
- Criminal suit filed against student in Central Japan for selling fake stimulant drugs.
- The university student is under suspicion for posting ads on social media about selling drugs.
- He is said to have been selling drugs ...
U.S STOCK INDEXES GAINED HIGHER ON FRIDAY
Highlights –
- U.S stock indexes gained higher on Friday.
- Tech based stocks reported gains.
- Dow still remained about 6% below its peak as it was in February.
- The S&P 500 and NASDAQ both recorded gains.
...
YEN FALLS AGAINST THE U.S DOLLAR; TOKYO STOCK GAINS ON WEDNESDAY
Highlights –
- Yen falls against the U.S dollar’ Tokyo stock gains on Wednesday.
- 225-issue Nikkei Stock Average rose by 50.68 points.
- Topix index was up by 2.14 points.
- Fanuc stocks dipped by 45 yen, or 0.2 percent, to...
TWITTER GETS SERVED WITH FTC COMPLAINT: MIGHT LOSE $150.0 TO $250.0 MILLION
Highlights:
• After the information from Twitter, its stock price went down by 1%
• The complaint against twitter has been filed by FTC, the matter remains unresolved
Twitter has been sent a draft complaint by...
TOKYO STOCKS GAINED BETTER ON TUESDAY
Highlights –
- Tokyo stocks gained better on Tuesday.
- 225-issue Nikkei Stock Average gained by 310.45 points.
- Topix index was up by 23.73 points.
- Gains prompted towards global economic recovery from the pandemic.
THE U.S. STOCK MARKET INDEX RISES ON TUESDAY
Highlights –
- The U.S stock market index rises on Tuesday.
- PepsiCo Inc. reported an upbeat second-quarter lift in its shares.
- JPMorgan and Citi shares edged higher in premarket trading.
- Investors are worried about the drop ...
EUROPEAN STOCK MARKET SAW GAINS ON MONDAY TRADING
Highlights –
- European stock market saw gains on Monday trading.
- Investors are seen delving into stimulus packages aided by governments.
- The pan-European STOXX index rose by 0.5%.
- Companies listed on the STOXX 600 are ...
UK STOCK MARKET SHARES GAINS ON TUESDAY
Highlights –
- The UK stocks gain due to new government rules for bringing back the country’ economy.
- The blue-chip FTSE 100 .FTSE was up 0.7%.
- The mid-cap FTSE 250 .FTMC added 0.8%.
- FTSE 250 has recovered about 40% fro...
MAY 2020 SPELLS GAINS FOR OIL: WESTERN TEXAS INTERMEDIATE CLOSES AT 88% FOR MAY
Highlights:
- Balance in the demand and supply restored for oil
- With reopening of the economies, oil gets another boost
Post the historic dip to below zero in April 2020, oil has made a miraculous recovery. It was actually a matter of time since this w...
U.S STOCKS JUMPS, HEALTH CARE STOCKS GAIN
Highlights
- Regeneron Pharmaceuticals stocks rose 5.9%.
- Pfizer stocks jumped 3.0%.
- The energy sector rose 2.0% as oil prices surged.
The Dow Jones Industrial Average increased 358.02 points, or 1.51%, to 24,107.78, the S&am...
SENSEX JUMPS 530 POINTS, TECH STOCKS GAIN
Highlights
- Tata Consultancy stocks gain 2.27 percent.
- Infosys stocks rose 1.51 percent and MPhasis stocks gained 3.12 percent.
- Oil explorer ONGC was the top performer as crude oil prices increased in the international market.