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Samsung Tycoon Gets Pardoned By South Korean Government From Bribery Charges

Agamapar ChadhaAugust 13, 20220

South Korea's economy has been going through a rough patch recently. Hence it s suspected that the ex-CEO of Samsung, who was jailed on account of bribery, has been released to do business. This week he was granted a presidential pardon and a ticket out of prison. The release comes with the expectation that lee will push Samsung into overdrive and, in the process, rescue South Korea's economy. It was only the question of when, not if, Lee Jae Young will get his presidential pardon next week. He was already out of prison lee was released on parole last year. It happened under the then president Moon Jae-in Moon's successor Yun Sukyol. Yun Sukyol has pardoned nearly 1 700 people. Li Jae Young is one of them. The pardon also solves another problem for Lee as a convicted criminal. He co...

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Russia-Ukraine Tensions To Impact Stock Markets, Other Sectors: Experts

Pooja YadavFebruary 22, 20220

The impact of the invasion of Ukraine by neighbouring Russia would be felt across the stock market and other markets from wheat and energy prices, sovereign dollar bonds to safe heaven to the stock markets. In general situations due to uneventful events, people tend to pull out their investments and divert them to safe-haven securities. People will start investing in bonds, especially sovereign bonds. In the present situation, there is anyways a risk of inflation. In the forex market, the Euro currency exchange is considered to be the biggest indicator of geopolitics risk in the eurozone as the Swiss currency has been long seen as safe haven by investors. The swiss currency exchange rate saw hit its highest hit since May 2015 in late January. Gold has also been seen as a shelte...