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Strike Poses Risk to Korean Economy as $1.2 Billion Lost So Far

Breadcrumb Trail Links PMN Business The risk to South Korea’s economy and global supply chains is growing as a nationwide trucker strike widens, curbing output at top steelmaker Posco and causing increasing damage to the petrochemicals sector. Author of the article: Publishing date: Jun 13, 2022  •  15 minutes ago  •  3 minute read  •  Join […]

Will the Fed signal a slower pace of rate rises this autumn?

Will the Fed shed light on its plans for later this year? The Federal Reserve on Wednesday will conclude its two-day June policy meeting, at which it is widely expected to raise interest rates by half a percentage point. It will also release its summary of economic projections, which includes a so-called dot plot, showing […]

Higher fuel prices test US economy

Issued on: 12/06/2022 – 03:16Modified: 12/06/2022 – 03:14 New York (AFP) – Surging energy costs are being felt across the US economy with varying effects. Some consumers are absorbing higher costs, while others are shifting behavior or cutting back. Here’s a sampling of how the story is playing out in different sectors. Trucker sees austerity […]

Andrews planning for new business park development

Andrews Economic Development Corporation Executive Director Morse Haynes talks about a new business park that the corporation recently received an Economic Development Administration grant for. (Ruth Campbell|Odessa American) ANDREWS An Economic Development Administration grant through the U.S. Department of Commerce will help finance infrastructure for a new industrial park in Andrews. U.S. Secretary of Commerce […]