US Egg Producers Settle Price Manipulation Probe, Agree to Pay $3.3 Million and Donate 53 Million Eggs 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
The net profit of 35 foreign bank branches in South Korea dropped 4.5 percent to 1.15 trillion won in the fiscal year of 2021, down 53.5 billion won from a year earlier due to an increase in securities-linked losses amid market downswings.
According to statistics from the Financial Supervisory Service, these branches either closed their books for the fiscal year 2021 in September last year or in March this year (FSS).
Data from the Financial Supervisory Service shows that these branches either closed their books for the fiscal year 2021 in September of last year or in March of this year (FSS).
According to the FSS, the drop happened despite a rise in interest income due to high borrowing costs, which was offset by an increase in securities-related losses and a decline in revenue from other non-interest categories like as transaction fees, currency, and derivative trading.
The decrease occurred despite an increase in interest income due to high borrowing costs, which was countered by an increase in securities-related losses and decreased revenue from other non-interest categories such as transaction fees, forex, and derivative trading, according to the FSS.
Because of the high market rates, their interest earnings remained robust. The profit was 1.86 trillion won, up 19.5 percent from the previous year, according to the figures.
Concerns about monetary tightening in key nations and rising currency market volatility have prompted the FSS to step up its surveillance of those foreign bank branches' risk management capabilities.
