Tue, 15 Jun 2021

WINDHOEK -- Namibia's annual inflation rate for April 2021 stood at 3.9 percent, up from 1.6 percent of April 2020, making it the highest annual inflation rate recorded since June 2019, Namibia Statistics Agency (NSA) said Friday.

The main contributors to the higher annual inflation rate were food and non-alcoholic beverages and transport, NSA statistician-general Alex Shumuafeni said. (Namibia-Inflation Rate-Increase)

- - - -

SEOUL -- The foreign holdings of South Korean bonds hit a new record high last month amid the record-low policy rate, financial watchdog data showed Friday.

The foreign ownership of local listed bonds reached a new high of 174 trillion won (154.2 billion U.S. dollars) as of the end of April, an increase of 3.1 trillion won (2.7 billion U.S. dollars) from a month ago, according to the Financial Supervisory Service (FSS). (S.Korea-Bonds-Foreign Holdings)

- - - -

WASHINGTON -- U.S. President Joe Biden said on Thursday that Senate Republicans will give him a revised infrastructure offer next week as the two sides seek compromise on the issue.

"We had a very, very good meeting...and I am very optimistic that we can reach a reasonable agreement," Biden said after a meeting with a group of six Republican senators at the White House. (US-Infrastructure Plan)

- - - -

HOUSTON -- The operator of a main U.S. fuel pipeline that was forced to shut down for six days due to a cyber attack said Thursday afternoon that product delivery has resumed to all markets.

The Colonial Pipeline Company, operator of the pipeline carrying gasoline and diesel fuel to U.S. east and southeast parts, said the entire pipeline system has been restarted. (US-Pipeline-Delivery)

Sign up for Seoul News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!