JUST IN: 🇺🇸 Bessent says U.S. expects to finalize a trade deal with South Korea in next 10 daysSouth Korea wants an Argentina-style currency swap 💵 https://t.co/1cUyETuejd ...

By Jihoon Lee SEOUL (Reuters) -South Korea's chief presidential policy adviser said on Thursday he was "optimistic" about talks to finalise a trade deal with the U.S., the latest remark by an official pointing to progress in negotiations that helped fuel an auto-led stock market rally. Kim Yong-beom and Industry Minister Kim Jung-kwan spoke to reporters before departing for the United States. They will be joining Finance Minister Koo Yun-cheol and Minister for Trade Yeo Han-koo for follow-up negotiations ...

Scott, we've got a strongly worded new post here from Treasury Secretary Scott Bessant, uh, who is writing on social media, uh, a strong note of support for the government of Argentina and for Argentine financial markets. But the technical details here might be worth looking at. What the Treasury Secretary writes here uh, is that Argentina faces a moment of acute illquidity.The international community, including the IMF, is unified behind Argentina and its prudent fiscal strategy, but only the United States ...

By Cynthia Kim, Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea's trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or perhaps no deal at all. The Korean won broke through the psychologically important 1,400 to the dollar level on Thursday, seen by markets as authorities' line in the sand against bearish speculative bets and opening the way for further downside. The selling ga ...

Key TakeawaysU.S. stock markets, including the Dow, S&P 500, and Nasdaq, closed at fresh record highs on Friday, September 19, following the Federal Reserve's first interest rate cut of 2025, with futures remaining largely unchanged on Sunday.The UK is significantly altering its foreign aid strategy, reducing its aid budget to 0.3% of gross national income (GNI) by 2027 to prioritize defense spending and shifting towards an "advice instead of aid" model.South Korean President Lee Jae Myung has emphasized th ...