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Seoul shares top 7,000 at opening bell for first time
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South Korea's benchmark KOSPI index topped 7,000 points for the first time at the opening bell on Wednesday. The surge was driven by U.S. President Donald Trump's announcement pausing operations in the Strait of Hormuz amid efforts to finalize a deal with Iran. The index opened at a record high of 7,093.01.
South African Finance Minister Enoch Godongwana has told Johannesburg mayor Dada Morero that the city is in severe financial distress and cannot afford a R10.3-billion wage agreement signed with municipal workers last year.
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Brazil's Chamber of Deputies approved a bill on Wednesday that sets rules for the exploration of critical minerals and rare earths. The text includes R$ 5 billion in incentives and a council with veto power over foreign partnerships. The vote came on the eve of a meeting between Presidents Lula and Donald Trump.
Ethiopia's Federal Housing Corporation has agreed to operate in South Sudan's housing sector in Juba. The agreement was signed by the corporation's CEO Reshad Kemal and Central Equatoria State administrator Emmanuel Adil. It was announced on May 26, 2018 EC.
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The National Government filed an appeal before the Council of State to reverse the provisional suspension of a $25 trillion transfer from private funds to Colpensiones. The precautionary measure was issued on April 28 against Decree 415 of 2026. The ministries defend the decree's legality within the pension reform framework.
German Chancellor Friedrich Merz urged the SPD to demonstrate greater willingness for reforms. In a speech to the CDU Wirtschaftsrat in Berlin, he warned of limits to his patience. He criticized the SPD for 'dreaming' of democratic socialism.
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In its latest monthly update, Colombia's Banco de la República reported accumulated profits of $2.55 trillion through March 2026—a 43% drop from $4.43 trillion in March 2025. This continues a downward trend following February's 8.49% decline to $2.67 trillion (part of our ongoing Banco de la República Profits Reports series). Assets, equity, and reserves also fell.
Bradesco reports R$ 6.8 billion profit in first quarter
May 06, 2026 00:46Latam Airlines carried 2.5 million passengers in Q1 2026
May 05, 2026 23:17SCZONE attracts record $7.1bn in annual investments
May 05, 2026 23:04Grupo Cibest warns of high informality in Colombian labor market
May 05, 2026 21:20CFA criticizes megarreforma and detects nine direct fiscal risks
May 05, 2026 17:48Hong Kong Q1 2026 GDP hits 5.9%, strongest quarterly growth in nearly 5 years
May 05, 2026 17:20Department of Mineral and Petroleum Resources corrects diesel price miscalculation
May 05, 2026 15:27Egypt's planning minister says economy withstood five global shocks
May 05, 2026 15:00Indian Rupee Hits Record Low of 95.28 Against USD, Continuing FY26 Decline Amid Oil Price Surge
May 05, 2026 14:22Indonesia's Q1 2026 economic growth hits 5.61 percent, highest in G20