AJU PRESS - ASIA NEWS HUB

US Treasury weighs permanent dollar swap lines for Gulf, Asian allies SEOUL, April 25 (AJP) - U.S. Treasury Secretary Scott Bessent confirmed that the United States is in discussions to establish currency swap lines with Gulf and Asian partners, pitching the move as a strategic step to bolster the U.S. dollar's global dominance amid regional geopolitical tensions. Bessent stated that several allied nations requested the swap lines to help manage the economic fallout and energy s
Canada evaluates South Korean weapons for major army modernization SEOUL, April 25 (AJP) - Canada is in discussions with South Korean defense contractors regarding its largest army modernization project in over 25 years, the commander of the Canadian Army said, explicitly naming Hanwha Aerospace's artillery and armored vehicles as potential candidates. Lt. Gen. Michael Wright told Yonhap News Agency in an interview published Saturday that Ottawa is actively exploring a
Prosecutors Seek More Evidence in HYBE Chairman Bang Si-hyuk IPO Fraud Allegations The state cannot stand above the law, and neither can any individual. Trust is the foundation of capital markets, built on fair disclosure and transparent procedures. That is why allegations that Bang Si-hyuk, chairman of HYBE, violated capital markets law cannot be brushed aside.The core allegation is that before the company’s listing, existing shareholders were told there was no plan for an initial public offer