South Korea will raise coal imports from Australia by one-and-a-half times to lessen reliance on Russian coal, which is becoming more expensive due to the Ukraine conflict, according to the Republic of Korea's administration. South Korea has decided to diversify its coal import channels and enhance...

Economists polled by DailyFX believe that US GDP increased by 1.1 percent year over year in the first quarter, according to the first estimate (if GDP had been expanding at the same rate for four consecutive quarters). The Bureau of Economic Analysis of the US Department of Commerce will issue the...

Twitter has announced that Elon Musk, the founder of SpaceX and Tesla, will purchase the social media platform for $44 billion. In a statement, Twitter said, "Twitter, Inc. today announced that it has entered into a definitive agreement to be bought by a company entirely owned by Elon Musk for...

According to an official, Saudi Arabia is aiming for a tenfold rise in foreign airline passengers crossing the country by the end of the decade in order to triple yearly passenger traffic.   The government declared plans last year to become a worldwide transportation and logistics hub by...

With increasing costs of raw material force it to focus on maintaining a economic recovery that is still fragile, the Bank of Japan is expected to retain ultra-low interest rates and refrain from making major changes to its dovish policy stance on Thursday.   Although inflation in Japan...

Steel tycoon James Brand speaks above the sound of metal being poured into a foundry furnace, explaining how rising expenses have forced him to hike his rates by 70 per cent.   Despite the significant price increase, he claims that his customers in industries such as oil and gas,...

Christine Lagarde, President of the European Central Bank has urged officials to hold off on expressing dissenting views on decisions for many days, a practise opponents say stymies their ability to offer an honest account of the debate, according to sources.   After a tumultuous finish to...

In March, Japan's trade imbalance was more than four times larger than market expectations, as China-bound exports slowed abruptly and rising energy costs upped the cost of imports, compounding the economic woes brought on by the Ukraine conflict.   Data revealed that outgoing commerce was...

The International Monetary Fund said talks with Sri Lanka about a possible IMF loan programme are still in the early stages, and any agreement would require "sufficient indications" that the island country's debts can be managed in a sustainable manner.   IMF Sri Lanka Mission Chief Masahiro...