HomeLatestXinhua world financial news abstract at 1000 GMT, Oct. 10

Xinhua world financial news abstract at 1000 GMT, Oct. 10

KIEV — Ukrainian President Volodymyr Zelensky has signed a decree to spend at the very least 21.6 % of the nation’s gross home product (GDP) in 2024 on nationwide protection, the Interfax-Ukraine news company reported Tuesday.

The presidential decree, which put in force the choice of the National Security and Defense Council, stipulates that Ukraine’s protection spending subsequent 12 months will attain at least 1.69 trillion hryvnia (about 46 billion U.S. {dollars}). (Ukraine-Defense-Budget)

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SEOUL — South Korean monetary establishments’ abroad actual property funding rose within the first half of this 12 months, monetary watchdog information confirmed Tuesday.

The excellent various funding in abroad actual property by native monetary establishments, together with banks, insurers and brokerages, got here in at 55.8 trillion received (41.3 billion U.S. {dollars}) on the finish of June, up 3.7 % from a 12 months earlier, in response to the Financial Supervisory Service (FSS). (South Korea-Real Estate-Investment)

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TOKYO — Japan posted a present account surplus of two.28 trillion yen (about 15 billion U.S. {dollars}) in August, greater than tripled in comparison with a 12 months earlier, authorities information confirmed on Tuesday.

The present account surplus within the seventh straight month of positive factors got here because the nation’s imports decreased and commerce deficit narrowed as a consequence of declines in international power costs, in response to the preliminary information issued by the Finance Ministry. (Japan-Current Account Surplus-August)

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ULAN BATOR — Mongolia bought 13.2 tons of gold within the first three quarters from authorized entities and people, the central financial institution stated Tuesday.

As of September, Mongolia’s common gold buy value had been 213,818.68 Mongolian tugriks (about 62 U.S. {dollars}) per gram, the Bank of Mongolia stated in an announcement. (Mongolia-Bank-Gold)

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