WASHINGTON: The US Federal Reserve decided in its meeting today to keep its benchmark overnight interest rate in the 5.25-5.50 percent range, their highest levels since 2001. This is the eighth time that the US Federal Reserve has fixed interest rates since the start of the monetary policy tightening cycle in March 2022. Source: Emirates News Agency
South Korea’s June Current Account Surplus Reaches Record $49.73 Billion on Robust Semiconductor Exports
August 7, 2026
Seoul: South Korea recorded a record current account surplus last June, driven by strong semiconductor exports, reaching $49.73 billion and