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Photorealistic illustration of South Korea's record current account surplus, showing banknotes, semiconductor chips, and national landmarks.
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South Korea logs record current account surplus in March

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The Bank of Korea reported that South Korea posted its largest-ever monthly current account surplus of $37.33 billion in March, driven by strong semiconductor exports.

The European Union removed Brazil from its list of countries compliant with sanitary rules on antibiotic use in livestock. The measure, effective from September, could cost the country nearly US$ 2 billion in annual meat sales.

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Prime Minister Mostafa Madbouly toured several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s push to strengthen local manufacturing and attract global investment.

South Korea's K-pop album exports hit a record $120 million in the first quarter of 2026, customs data showed. Shipments surged 159 percent from a year earlier, marking the first time quarterly exports exceeded $100 million. The United States emerged as the largest market.

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Egypt produces around 1.1 million tonnes of methanol annually, meeting domestic industrial demand while exporting surplus to global markets, Minister of Petroleum and Mineral Resources Karim Badawi said. Badawi spoke at the general assembly meeting of Methanex Egypt to approve its 2025 financial results, highlighting the company’s role in supporting local industries.

Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.

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One month into disruptions from the Middle East conflict, Kenya is losing Sh250 million weekly in livestock and meat exports to Gulf markets, with total losses exceeding Sh1 billion, Finance Minister John Mbadi told parliament.

 

 

 

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