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Market news: Saudi Aramco Trading and Abu Dhabi National Oil Company of the United Arab Emirates have successfully transported oil cargoes through the Strait of Hormuz. Saudi and UAE companies have been able to channel limited oil resources through t

2026-05-08

Market news: Saudi Aramco Trading and Abu Dhabi National Oil Company of the United Arab Emirates have successfully transported oil cargoes through the Strait of Hormuz. Saudi and UAE companies have been able to channel limited oil resources through the Strait of Hormuz.

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2026-05-08

BALTIC DRY INDEX FALLS 1.85% TO 2,978 IN LONDON

BALTIC DRY INDEX FALLS 1.85% TO 2,978 IN LONDON
2026-05-08

South Korea’s current-account surplus surged to a record $37.3 billion in March, According to Bank of Korea data, marking the 35th consecutive monthly surplus. The goods balance recorded a $35.1 billion surplus as exports hit an all-time high of $94.

South Korea’s current-account surplus surged to a record $37.3 billion in March, According to Bank of Korea data, marking the 35th consecutive monthly surplus. The goods balance recorded a $35.1 billion surplus as exports hit an all-time high of $94.3 billion, driven mainly by semiconductor and computer-related shipments, with chip exports rising nearly 150% on a customs-clearance basis. Petroleum and chemical exports also increased due to higher oil prices. Imports rose at the fastest pace in 15 years. The financial account showed a $37 billion net asset increase, while foreign investors cut holdings of Korean equities by a record $29.3 billion amid Middle East tensions and concerns over memory-chip demand.
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