Browsing: oil prices

SEOUL: South Korea’s low-cost airlines have cut about 900 round-trip flights and rolled out unpaid leave and other cost controls as a surge in jet fuel prices squeezes margins and weakens demand on some international routes. The reductions, concentrated in

SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy meeting without a change, as policymakers weighed rising inflation pressure, weaker growth

MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic fallout from the current crisis and the need to support stability. King Hamad

TOKYO: Japan’s Nikkei share average fell on Thursday as investors pulled back after a powerful relief rally, with renewed concern over Middle East tensions and higher oil prices prompting a more defensive tone across the Tokyo market. The Nikkei 225

ISLAMABAD: Gold prices held steady on Thursday as investors weighed a fragile U.S.-Iran ceasefire, preparations for talks in Islamabad and a fresh round of U.S. inflation data that could shape the Federal Reserve’s next move on interest rates. The metal

DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose

SEOUL: Asian stock markets fell on Friday, with South Korea’s Kospi leading early losses, as investors weighed another extension in U.S.-Iran diplomacy against continued disruption to energy flows and a sharp overnight selloff on Wall Street. The broader MSCI index

MUMBAI: India’s rupee recorded the strongest gain among major Asian currencies after rebounding from a record low, helped by official support measures as the Reserve Bank of India reiterated its approach of smoothing excessive currency volatility rather than defending a

SEOUL, 18 October 2025: Import prices in the Republic of Korea rose for the third consecutive month in September, driven by a weaker local currency and rising global energy prices, according to official data released Friday by the Bank of

Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on