Sun, 16 May 2021

SEOUL -- South Korea's biggest automaker Hyundai Motor saw its operating profit almost double in the first quarter, a regulatory filing showed Thursday.

Consolidated operating profit came in at 1.66 trillion won (1.5 billion U.S. dollars) in the January-March quarter, up 91.8 percent from a year earlier. (South Korea-Hyundai)

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WASHINGTON -- U.S. Treasury Secretary Janet Yellen said on Wednesday that her department will take a "whole-of-economy" approach to tackle the "existential risk" of climate change.

"The Biden administration is taking a whole-of-government approach to aggressively tackle climate change. My goal, at Treasury, is to support this work with a whole-of-economy approach," Yellen said in remarks to the Institute of International Finance. (US-Yellen-Climate Change)

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WASHINGTON -- Digital currencies have a potential to make financial services "much more inclusive," an International Monetary Fund (IMF) official has said, while warning that there are also risks worth watching.

"There is a lot of promise in these electronic currencies," Helge Berger, the IMF's China mission chief and assistant director in the Asia and Pacific Department, told Xinhua recently. (IMF-Digital Currency-China)

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NEW YORK -- Oil prices fell on Wednesday, weighed by lingering demand concerns and an unexpected build in U.S. crude stockpiles.

The West Texas Intermediate for June delivery lost 1.32 U.S. dollars to settle at 61.35 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 1.25 dollars to close at 65.32 dollars a barrel on the London ICE Futures Exchange. (US-Oil price-Down)

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