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Business conditions in the German manufacturing sector showed further signs of steadying in May, with the latest HCOB PMI® survey conducted by S&P Global indicating much slower declines in both output and new orders than those seen in April. Business confidence towards growth prospects in the year ahead also perked up, although there was another marked drop ...
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President Yoon Suk Yeol said Monday that a potentially massive oil and gas reserve could be buried off the southeast city of Pohang and drilling will begin later this year to determine whether it is real. The reserve off Yeongil Bay in Pohang, about 260 kilometers southeast of Seoul, could hold up to 14 billion barrels of oil and gas, an amount that could ...