Saudi Arabia has rejected the US Senate’s conclusion that its crown prince was responsible for the murder of journalist Jamal Khashoggi.

US shipping company UPS dubbed ‘grinch’ after promising to shred letters to Santa

US stock markets have fallen sharply in a renewed sell-off as global share prices looked set for a grim end to the year.

UK Manufacturers will pick up the burden of paying for recycling under new government plans which hope to cut down on waste going to landfill.

Superdry co-founder Julian Dunkerton has said he fears for the future of the fashion brand unless it changes course – after its latest profit warning left the share price 80% below its peak earlier this year.

 

Coventry-based Economy Energy, gas and electricity supplier to nearly 250,000 homes is seeking a rescue fundraising to avoid becoming the tenth company to collapse amid the crisis which has engulfed the sector this year.

FINANCE TOP STORIES

FDI pledges to South Korea hit record high through Q3 2018

This was in line with the rising interest in the nation’s high-tech industries and startups in emerging sectors, according to government data

South Korea received $19.20bn worth of FDI commitments from January to September, which represents a 41.4% spike from a year earlier, according to the Ministry of Trade, Industry and Energy.

The actual investment made by foreign companies over the period reached $11.70bn, jumping 31.9% from the previous year, according to the ministry. Investment pledges from the European Union jumped 63.1% to $5.13bn in the first nine months of the year, mostly in the form of stake investments and M&A.

American companies sought partnerships and stake acquisitions in high-tech industries and tech startups, pledging $4.09bn over the period, a 41% increase. New FDI pledged from China rose to a whopping 292% to $2.39bn, the largest-ever amount, led by brisk investment in the service industry.

By sectors, the manufacturing industry drew in $8.38bn worth of investment pledges as offshore investors sought joint venture partners in electronics, machinery equipment and bio sectors. Service industries attracted $10.64bn of new investment from abroad in emerging technology fields like e-commerce, cloud computing, mobile platforms and fintech—according to the ministry.

The ministry said this year’s FDI may top $20bn, reaching a new record high. Last year, foreign direct investment in the country reached $22.9bn.

-GBO Correspondent

Leave a Comment