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The market is expected to reach KRW1,510.2 trillion ($1.1 trillion) by 2029, supported by the country’s exceptionally high card penetration, robust payments infrastructure, and continued government efforts to promote cashless transactions Card payments market is driven by contactless adoption and strong banking access The currency swap aims to stabilize Argentina's economy amid severe liquidity shortages and volatility The deal supports ongoing reforms and debt restructuring essential for long-term economic stability The new tariff will significantly impact costs for truck buyers and various industries reliant on these vehicles The one-year loan prime rate (LPR) was held at 3.0 percent on Monday, while the five-year LPR remained unchanged at 3.5 percent Broad revenue buoyancy in the U.S., including robust tariff income, will offset any fiscal slippage from tax cuts and spending increases The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings Central bank slashed its policy rate last month for the second time in a row to help prop up the economy The company also announced a quarterly cash dividend of 76 cents per share This represents a 6.7 percent increase over 2022 The economy grew by only 0.8 percent over the past year, the slowest pace of growth since the early 1990s Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25 bps cut from the central bank next month Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'. Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy Central bank buying slowed in but demand remained robust at 186 tons Figures released ahead of COP29, taking place November 11 to 22 in Baku, Azerbaijan The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent AI accounted for over half of the 10 largest funding rounds globally as VC investors continued to show interest in the sector Equity investment funds, valued at 10.89 trillion yuan, were the largest category
