South Korea's import prices rose by the largest margin in six months in October due to rising global oil prices and the weak Korean currency, central bank data showed Tuesday. The import price index advanced 2.2 percent last month from a month earlier, snapping two months of drops, according to the preliminary data from the Bank of Korea. The figure marked the highest on-month increase since April when the prices jumped 3.8 percent. From a year earlier, import prices fell 2.5 percent foll

In poll after poll, Americans say they care about climate change. But then again, they also say they care about democracy, women’s rights and other such ideals. And yet for the second time in three elections, they have chosen to give ultimate political power to someone loudly and diametrically opposed to them. For the climate, the best we can hope is that the aftermath of the 2024 election will remain just short of catastrophic. The progress made by President Joe Biden is significant and i

AMSTERDAM, Nov. 12, 2024 /PRNewswire/ -- OCI Global reports Q3 2024 trading update. Hassan Badrawi, CEO of OCI Global: "During the course of the third quarter and the quarter to date, OCI has achieved significant milestones in its strategic transformation. We announced the sale of OCI Methanol to Methanex for a consideration of USD 2.05 billion, and successively closed the sales of IFCo to Koch Industries for USD 3.6 billion, Fertiglobe to ADNOC for USD 3.62 billion, and Clean Ammonia t

JAKARTA, Indonesia, Nov. 12, 2024 /PRNewswire/ -- TotalEnergies ENEOS has successfully completed the installation of a 2.2 megawatt-peak (MWp) solar rooftop project with PT. Perusahaan Industri Ceres (Ceres), a leader in Indonesian chocolate confectionery products. With over 3700 modules installed, the solar photovoltaic (PV) system generates approximately 3,250 megawatt-hours (MWh) of renewable electricity annually. The installed system will power approximately 9% of Ceres' manufacturi

South Korean stocks opened lower Tuesday bucking continued bullish runs on Wall Street, amid lingering uncertainties over the impact of the new Trump administration's policies on the domestic industry. The Korean won also breached the psychologically important level of 1,400 won against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 12.62 points, or 0.5 percent, to 2,519.04 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite increased 0.06 p

- and additional sector-specific methodologies for oil & gas, transport, and metals & minerals LONDON, Nov. 11, 2024 /PRNewswire/ -- CarbonChain – an AI-powered carbon tracking platform that provides companies with end-to-end visibility into supply chain emissions – believes that it is the first carbon accounting platform in the world to enable manufacturers and commodity traders to calculate their emissions using third-party validated methodologies for both Corporate Carbo

BAKU, Azerbaijan, Nov. 11, 2024 /PRNewswire/ -- Dr. Sultan Al Jaber today delivered his handover address as COP28 President on the first day of COP29 in Azerbaijan, concluding a landmark term defined by breakthrough progress across the climate agenda. During the speech he called on all Parties to "prove once again that we can unite, act and deliver" over the next two weeks in Baku. "By delivering the historic UAE Consensus,

South Korean stocks opened lower Thursday on concerns over a shift in US trade and economic policies following former US President Donald Trump's comeback. The benchmark Korea Composite Stock Price Index lost 8.27 points, or 0.32 percent, to 2,555.24 in the first 15 minutes of trading. Overnight, major US indexes closed at record highs after Trump won the 2024 US presidential election as investors expected lower taxes and deregulation. The Dow Jones Industrial Average jumped 3.5 percent, an

HONG KONG, Nov. 6, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Long Lake Northwest Project in Canada has commenced production safely. The project is located in Alberta, Canada. The main production facilities include a new well pad and 4 pipelines. It will be developed with steam-assisted gravity drainage (SAGD) operation and 8 well pairs are planned to be commissioned. The project is exp

If we didn’t know any better, we might flip through the newspaper and conclude that the international order the United States helped construct after World War II was coming apart. We might also be led to believe that four countries, China, Russia, Iran and North Korea, are not only contributing to its demise but also forming an alliance to destroy the so-called rules-based order that senior US officials crow about. Since the war in Ukraine erupted in February 2022, US foreign policy expert

MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ -- A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region's economies increasingly drive grow

RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ -- As Saudi Arabia accelerates toward its Vision 2030 goals, Monsha'at, the General Authority for Small and Medium Enterprises, is set to host Biban24 from November 5-9 in Riyadh. This premier event will unite entrepreneurs, investors, and SMEs globally to foster innovation, investment, and growth opportunities across the Kingdom. A key highlight of this year's event will be the launch of a comprehensive report on Saudi Arabia's entrepreneurial e

President Yoon Suk Yeol said Tuesday the defense industry cooperation between South Korea and Saudi Arabia will play a pivotal role in advancing the two countries' relations in a broad range of fields. Yoon called the oil-rich country a "key partner" for South Korea's economy and energy security during a meeting with Abdullah bin Bandar Al Saud, Saudi minister of the National Guard, at the presidential office. "The defense collaboration between the two countries would no

MANAMA, Bahrain – Strengthening its partnership with Bahrain would open a door of opportunities in the Middle East for South Korea, an investment forum held by the Gulf island nation's economic board suggested. Bahrain hosted the second edition of Gateway Gulf on Sunday and Monday. This year’s Gateway Gulf was held six years after the inaugural edition in 2018. Arranged by the Bahrain Economic Development Board, it was held under the theme of “Investing in a Rapidly Transf

South Korea's consumer prices slowed to the lowest level in 45 months in October on stabilizing oil prices, staying below 2 percent for the second consecutive month, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 1.3 percent on-year last month, compared with a 1.6 percent on-year increase in September, according to the data from Statistics Korea. October's figure marked the lowest level since January 2021, when consumer prices grew 0.9 percent. Consumer inflation