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  • Dec 02, 2024

Korean Stocks Lure Biggest Daily Foreign Inflow Since August

(Bloomberg) -- South Korea’s stock benchmark attracted its biggest foreign inflow in more than three months as strong US economic data bode well for growth in the export-oriented country.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsGlobal funds bought 539.6 billion won ($385 million) worth of Kospi Index members on a net basis on Tuesday, the most since Aug. 16. That boosted the measure 1.9% hi

  • Dec 02, 2024

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies

A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022, five sources with knowledge of the matter told Reuters. The operation exploits a government policy under which Iraq allocates fuel oil to asphalt plants at heavily subsidised prices and involves a network of companies, groups and individuals in Iraq, Iran and Gulf states, according to the five people and three Western intelligence reports, two from August this year and one which was undated.

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