Search results for Middle East
Finance
Bank of Korea governor Shin Hyun-song says rate hikes needed before it is too late
Bank of Korea Governor Shin Hyun-song said there is a need to raise the policy interest rate before it is too late, stressing a focus on price stability. He said growth has strengthened on the back of solid semiconductor exports driven by the global spread of AI, but inflation burdens are rising. He also cited risks from the housing market, household debt and leveraged investing.
Crypto
Bitcoin rebounds to $63,400 despite Hormuz closure news and U.S. inflation surge
Bitcoin recovered the $63,400 level despite a rise in the U.S. producer price index and reports that Iran temporarily closed the Strait of Hormuz. BTC/USD rose as high as $63,200 on Bitstamp, up more than 2.5 percent on the day, Cointelegraph reported. Oil prices climbed, with WTI topping $91 a barrel. U.S. data showed May core final demand prices up 5.1 percent year on year and CPI up 4.2 percent.
World News
Five largest IPOs revisited as SpaceX plans listing
As Elon Musk\'s SpaceX pursues an initial public offering of about $75 billion, attention has returned to the world’s biggest IPOs to date. South China Morning Post reported that energy, e-commerce, telecoms, autos and finance dominate the top ranks. Saudi Aramco raised $29.4 billion in 2019, followed by Alibaba at $25.0 billion in 2014, SoftBank at $23.6 billion in 2018, General Motors at $23.1 billion in 2010 and Agricultural Bank of China at $22.1 billion in 2010.
-
Crypto
U.S. consumer inflation jumps most in three years; bitcoin and ether hold up amid market jitters
-
Crypto
Bitcoin holds $60,000 but faces triple pressure from CLARITY Act, Strategy and XRP
-
Finance
Won-dollar rate surges to 1,560, raising market jitters
-
Crypto
Arthur Hayes says oil price rise could intensify Trump\'s anti-AI push, pressuring stocks and bitcoin
-
Crypto
Bitcoin bottom debate flares, five key variables to shake market this week
-
Finance
Black Monday on semiconductor shock as KOSPI, Kosdaq trigger trading halts
-
Games & Commerce
Jensen Huang calls Naver a global AI developer, expands AI cloud and robotics cooperation
-
Finance
Kosdaq triggers circuit breaker after 8 percent plunge following KOSPI drop
-
General News
Lee says 2026 to mark start of \'irreplaceable Korea\' dream, new K initiative era
-
Games & Commerce
Naver to build GW-scale AI factory with Nvidia, target global infrastructure market
-
Finance
KRX holds emergency market review meeting, steps up response to stock volatility
-
Crypto
Bitcoin slides to $62,000; Middle East situation and ETF flows in focus
-
Crypto
Bitcoin nears drop below $60,000 on U.S. jobs shock renewing rate hike fears
-
Crypto
Strategy posts record loss as bitcoin slides below $62,000
-
Crypto
Bitcoin slips below $65,000 to nine-week low on geopolitical tensions