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US tariffs hit South Korean exports hard in first half
In the first half of 2025, Korean exports were flat in value and declined 0.4% year-to-date in volume. Exports fluctuate monthly, probably related to front-loading, but slowed overall, with US tariffs having a net negative impact. Tariff-affected goods like cars and steel declined sharply. In contrast, tariff-exempted semiconductors and pharmaceuticals saw strong growth. By destination, exports to the US and China weakened notably, while exports to the rest of Asia and Europe increased. Despite a mediocre export performance, net exports contributed positively to overall growth in the first half of 2025, mostly due to ... (full story)
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The number of job openings was little changed at 7.4 million in June, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.2 million and 5.1 million, respectively. Within separations, quits (3.1 million) were little changed while layoffs and discharges (1.6 million) were unchanged. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month. Job Openings The number and rate of job openings were little changed at 7.4 million and 4.4 percent, respectively, in June. The number of job openings decreased in accommodation and food services (-308,000), health care and social assistance (-244,000), and finance and insurance (-142,000). The number of job openings increased in retail trade (+190,000), information (+67,000), and state and local government education (+61,000). (See table 1.) Hires In June, the number and rate of hires were little changed at 5.2 million and 3.3 percent, respectively. The number of hires decreased in arts, e - Prior month revised to 7.712m from 7.769m - Job openings rate was 4.4% in June vs 4.6% prior - 3.142m people quit a job in June vs 3.27m prior - Quits rate at 2% vs 2% - 1.604m workers were fired or laid off in June vs 1.611m prior - Layoffs and discharges rate at 1% vs 1%
From brecorder.com | Jul 29, 2025
Anglo American’s South African unit Kumba Iron Ore said on Tuesday its half-year profit was flat despite a 3% increase in sales, as weak global steel demand impacted prices. Kumba reported headline earnings per share of 22.26 rand ($1.24) in the six months to June 30, compared to 22.27 rand during the same period last year. The company said its average ...
