South Korea's central bank is expected to freeze the key interest rate for June, so as to gauge the impact of the rate cuts carried out in May. According to the survey by Yonhap Infomax, the financial news arm of Yonhap News Agency, the central bank is likely to leave the benchmark seven-day repo rate unchanged at 2.5% during the period.
The government is expected to promote economic growth, by creating an extra budget of KRW 17.3trn and unveiling a set of measures to encourage facility investment and the property market. The nation’s consumer price index (CPI) grew in the 1% range for the seventh straight month in May.
The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more
Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more
Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more