South Korea’s President Lee Jae Myung said the country’s beleaguered currency may strengthen and stabilize at around the 1,400 to a dollar level within the next two months. The currency’s recent depreciation “isn’t unique to South Korea,” Lee said at a press conference on Wednesday, pointing out how Japan’s yen had undergone even more pressure. “We’ve achieved record-breaking exports, a continuing...
South Korea’s President Lee Jae Myung said the country’s beleaguered currency may strengthen and stabilize at around the 1,400 to a dollar level within the next two months. The currency’s recent depreciation “isn’t unique to South Korea,” Lee said at a press conference on Wednesday, pointing out how Japan’s yen had undergone even more pressure. “We’ve achieved record-breaking exports, a continuing trade surplus, and recovering growth, but the exchange rate is approaching levels,” not seen for years, Lee said. “We will continue to explore possible means and strive to stabilize the exchange rate,” he added. The won has dropped more than 8% against the dollar since the start of the second half of 2025, with a series of measures and market intervention by policymakers failing to slow its decline toward its weakest level since the global financial crisis. Lee on Wednesday said arresting the drop would be hard resolve “through our own policies alone.” Korea’s pledge last year to invest a total of $350 billion in the US, as part of its trade deal, has stoked growing concerns over the nation’s ability to finance the capital outlay. On Tuesday, a person familiar with the matter told Bloomberg News that the government would hold off on fulfilling a pledge to invest as much as $20 billion in the US this year given the pressure on its currency. A key driver of downward pressure on the won has been Korean retail investors’ strong preference for US stocks. Their holdings hit a new record of nearly $172 billion this month, according to data from the Korea Securities Depository. “Compared to Japan, ours has depreciated less,” he said, referring to the country’s currency. If the won had fallen as the yen has, it would be hovering around 1,600 won, he said, adding the won was “holding up relatively well.” The won rose 0.5% to 1,470.75 a dollar as of 10:58 am in Seoul.
(RTTNews) - Teck Resources Limited (TECK, TECK_A.TO, TECK_B.TO) released select unaudited fourth quarter 2025 production and sales volumes, along with positive settlement pricing adjustments. The company also reported annual production volumes for 2025 and reaffirmed previously d
(RTTNews) - Teck Resources Limited (TECK, TECK_A.TO, TECK_B.TO) released select unaudited fourth quarter 2025 production and sales volumes, along with positive settlement pricing adjustments. The company also reported annual production volumes for 2025 and reaffirmed previously d
Although Warren Buffett isn't the CEO of Berkshire Hathaway any longer, his final actions in that role are still being discovered by investors. Berkshire Hathaway operates a massive investment portfolio, and investors don't know how it changes until 45 days after the end of a quarter, when it files a Form 13F with the Securities and Exchange Commission (SEC). So we'll find out more about what Buff...
Although Warren Buffett isn't the CEO of Berkshire Hathaway any longer, his final actions in that role are still being discovered by investors. Berkshire Hathaway operates a massive investment portfolio, and investors don't know how it changes until 45 days after the end of a quarter, when it files a Form 13F with the Securities and Exchange Commission (SEC). So we'll find out more about what Buffett and Berkshire did during his last few days as CEO around Feb. 15. The last information we have surrounding Berkshire's investments is from Q3. Buffett and Berkshire have always made it a point to invest in easy-to-understand businesses that fall toward the value style of investing. Most artificial intelligence stocks don't fall into either of those groupings, so this new stock may have been a surprise to some investors. However, I think it was a genius move that jives with Buffett's investment philosophy. Investors shouldn't ignore this multibillion-dollar message, and I think many should follow Berkshire's lead by investing in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) . Continue reading
Japan’s financial stocks declined as Tuesday’s government bond meltdown raised alarms about potential losses for lenders and brokerages. The Topix Banks Index lost as much as 3.2%, its steepest fall in two months, while the securities index fell as much as 3.6%, making it the benchmark’s worst performing sector. Shares of megabanks Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Gro...
Japan’s financial stocks declined as Tuesday’s government bond meltdown raised alarms about potential losses for lenders and brokerages. The Topix Banks Index lost as much as 3.2%, its steepest fall in two months, while the securities index fell as much as 3.6%, making it the benchmark’s worst performing sector. Shares of megabanks Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. dropped over 3%. The slump marks a third straight day of declines for Japanese banks amid jitters over the fiscal implications of Prime Minister Sanae Takaichi’s plan to cut the consumption tax on food. Worries about how she’ll fund the pledge helped drive long-term JGB yields to record-highs Tuesday, although they rebounded on Wednesday morning after Finance Minister Satsuki Kayatama called for market calm. “Investors are concerned that, with yields fluctuating this much, some financial institutions might have failed to control their risks,” said Tomoichiro Kubota , a senior market analyst at Matsui Securities Co. Higher long-term yields also increase corporate funding costs, “potentially dampening enthusiasm for capital investment and similar activities,” which is negative for banks and securities firms, he said. Regional banks in particular “face risks of impairment losses due to expanding unrealized losses on bonds,” Kubota added. Local lenders like Shizuoka Financial Group Inc. , Tsukuba Bank Ltd. and Yamanashi Chuo Bank Ltd. were among the hardest hit in Wednesday’s stock market. This week’s decline stands in contrast to Japanese banks’ outperformance over the past couple of years, fueled by a view that the Bank of Japan’s interest rate hikes will boost lenders’ profits. The Topix’s banking gauge has risen almost 55% in the last 12 months, beating the benchmark’s 33% gain. Japan’s broader Topix was down around 0.9% as of mid-morning in Tokyo.