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Press releases published on August 27, 2025
South Korea Records USD1.29B Drop in Foreign Currency Deposits
MENAFN
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August 27, 2025
(MENAFN) South Korea’s foreign currency deposits fell for the first time in three months in July, driven by declining demand for the U.S. dollar and Chinese yuan, Bank of Korea (BOK) data revealed on Wednesday. According to the central bank, total foreign …
U.S. Scraps USD175M for California Rail Initiative
MENAFN
·
August 27, 2025
(MENAFN) The U.S. Department of Transportation announced Tuesday it is revoking $175 million in federal funding previously allocated to four infrastructure projects tied to California’s embattled high-speed rail initiative. According to the agency, the …
S. Korea Posts Rising Births for 12th Straight Month
MENAFN
·
August 27, 2025
(MENAFN) South Korea recorded a year-on-year increase in births for the twelfth consecutive month in June, driven in part by a rise in marriages, according to data released Wednesday by Statistics Korea. The number of babies born in June climbed 9.4% from …
Australia Posts Sharp Increase in July Inflation
MENAFN
·
August 27, 2025
(MENAFN) Australia’s annual inflation rate accelerated sharply in July, reaching a 12-month high of 2.8 percent, official figures revealed on Wednesday. The Australian Bureau of Statistics (ABS) reported that the consumer price index (CPI) climbed 2.8 …
South Korea Posts Decline in Bank Lending Rates
MENAFN
·
August 27, 2025
(MENAFN) South Korean banks’ lending rates declined for the eighth consecutive month in July, driven by ongoing reductions in the central bank’s policy rate, data from the Bank of Korea (BOK) revealed Wednesday. The weighted average interest rate on new …
Typhoon Kajiki Claims Seven Lives in Vietnam
MENAFN
·
August 27, 2025
(MENAFN) The aftermath of Typhoon Kajiki has left seven people dead, one missing, and 34 injured, according to local media on Wednesday, as floodwaters and destruction spread across northern and central regions of the country. Citing figures from the …
S. Korea Sees Business Sentiment Bounce After Three-Month Slump
MENAFN
·
August 27, 2025
(MENAFN) Sentiment among South Korean companies showed a notable recovery in August, ending a three-month decline as easing concerns over U.S. tariffs and a government stimulus plan lifted business confidence, the Bank of Korea (BOK) reported Wednesday. …