New Delhi, June 28 (IANS) China’s industrial profit growth slowed in May for the first time in six months, indicating that stronger exports and rising producer prices were insufficient to fully offset persistent weakness in domestic demand, a report has said.Data released by China’s National Bureau of Statistics (NBS) showed that industrial profits increased 21.1 per cent year-on-year in May, easing from the 24.7 per cent growth recorded in April. The moderation marked the first slowdown in prof…
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Seoul, April 30 (IANS) South Korean President Lee Jae Myung on Thursday warned that excessive labour-related demands by unionized workers could end up doing more harm than good to the unions and other fellow workers, urging a more responsible approach from unions when dealing with labour issues. “While companies should treat workers as valuable partners in corporate management, workers and labour unions must also have a sense of responsibility,” Lee said during a meeting with senior aides at Che…
Seoul, Feb 24 (IANS) South Korea’s business sentiment turned positive for March, marking the first rebound in four years, due to the country’s robust exports of chips and automobiles, a poll showed on Tuesday.The business survey index (BSI) of the country’s top 600 companies by sales stood at 102.7 for next month, according to the monthly poll by the Federation of Korean Industries (FKI), reports Yonhap news agency.A reading below 100 means pessimists outnumber optimists, while a figure above th…