Seoul: Oil prices rose nearly 1% in early Asian trading today, extending sharp gains from the previous session, as renewed US-Iran hostilities heightened fears of disruptions to crude supplies from the Middle East. Brent crude futures rose 87 cents, o…
Business
European Stocks Open Mixed Amid Inflation Concerns
Seoul: European stock indices opened today’s trading session with mixed performance as investor caution persisted amid rising energy prices, which reignited inflation concerns and strengthened expectations of central bank interest rate hikes. In the m…
South Korea’s Inflation Rises 3.1% in August Amid Elevated Oil Prices
Seoul: South Korea’s consumer prices increased by 3.1% in August compared to the same period last year, driven by elevated oil prices and higher mobile service subscription charges. The rise in mobile service costs is attributed to a low base effect f…