Wed, 28 Jul 2021

SEOUL -- South Korea's overseas financial assets hit a record high last year as individual investors increased investment in foreign stocks, central bank data showed Wednesday.

The overseas financial assets, held by domestic investors, reached a new high of 1.52 trillion U.S. dollars at the end of 2020, up 207.2 billion dollars from a year earlier, according to the Bank of Korea (BOK). The reading excludes the country's foreign currency reserves. (S. Korea-Overseas Financial Assets-Record)

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BUENOS AIRES -- The Argentine government on Tuesday said it was allowing beef exports to partially resume, 30 days after suspending shipments abroad to guarantee the supply and optimum prices of the culinary staple for the domestic market.

After meeting with President Alberto Fernandez and representatives of the domestic meat sector, Minister of Productive Development Matias Kulfas announced exports would resume following the 30-day ban, but be capped at a maximum of 50 percent of the volume exported in 2020. (Argentina-Beef Exports)

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SAN FRANCISCO -- Boeing said on Tuesday that it has been awarded a 578-million-U.S.-dollar Foreign Military Sales contract to deliver 14 extended range Chinook helicopters to the United Kingdom Royal Air Force (RAF).

The extended range Chinook gives the RAF fleet more versatility to execute heavy-lift missions, Boeing said. (US-Boeing-Britain-RAF)

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JERUSALEM -- Israeli Finance Minister Avigdor Lieberman on Tuesday announced that the country will join the digital economy taxation outline initiated by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty forum.

The decision was taken ahead of the expected outline's approval on June 30 by a designated OECD committee, said a statement issued by the Israeli Ministry of Finance. (Israel-Digital Economy Taxation-OECD)

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