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Home > Latest

Lates News

date
18/03/2026
Market news: Iraqi Kirkuk oil has resumed being transported through the Turkish Ceyhan port at a rate of 250,000 barrels per day.
Latest
4 m ago
Turkey says NATO will redeploy a Patriot missile defense system in the southern province where the Incirlik Air Base is located.
4 m ago
Zhejiang Dongri: Introduce business layout and operating target exceeding 800 million yuan in 2026.
4 m ago
Zong Fulai recently deregistered multiple companies under her name.
5 m ago
Bank of China: Board of Directors meeting will be held on March 30 to review the annual report and final dividend.
6 m ago
Citigroup Group said that with the surge in global oil prices pushing up inflation, the Bank of Korea may raise its policy rate to 3% this year. Citigroup economist Jin-Wook Kim wrote in a report that it is expected the Bank of Korea will raise interest rates twice, each time by 25 basis points, once in July and once in October, bringing the benchmark interest rate close to 3%. These measures, signaling a resumption of the tightening cycle after a long pause, are due to the fact that inflationary pressures have proven to be more persistent than previously expected. Due to disruptions related to the conflict in Iran, Brent crude oil may rise to $110 to $120 per barrel in the near future before falling later this year. This surge in prices - equivalent to a further 20% increase over the next 12 months on top of already high oil prices - will have a greater impact on inflation than on economic growth. The significant asymmetric impact of rising oil prices on inflation will prompt the Bank of Korea to take a more hawkish stance, especially considering the historically loose financial conditions.
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