SOUTH KOREA-CENTRAL BANK-POLICY RATE-INCREASE

SOUTH KOREA-CENTRAL BANK-POLICY RATE-INCREASE

(221124) -- SEOUL, Nov. 24, 2022 (Xinhua) -- Signs of money changers are seen at the Myeongdong shopping area in Seoul, South Korea, on Nov. 24, 2022. South Korea's central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Xinhua/Wang Yiliang)

Afghanistan receives 32 mln USD in humanitarian cash aid

STORY: Afghanistan receives 32 mln USD in humanitarian cash aid DATELINE: May 31, 2022 LENGTH: 00:01:03 LOCATION: Kabul CATEGORY: SOCIETY SHOTLIST: 1. Various of the Da Afghanistan Bank and money changers in Kabul STORYLINE: Afghanistan received 32 million U.S. dollars in humanitarian cash assistance on Monday as the international community continued to provide humanitarian support to the post-war country. Da Afghanistan Bank (DAB), the country's central bank said on social media that "following a series of humanitarian aid to Afghanistan, 32 million USD in cash reached Afghanistan on Monday." Prior to this batch, the DAB received two batches of 32 million U.S. dollars in humanitarian cash aid on May 8 and May 9. The DAB also announced an auctioning of 12.5 million U.S. dollars scheduled on Tuesday to inject foreign currency into the local market and stabilize afghani, the country's national currency. The DAB has been continuously trying to maintain the value of afghani at a fixed and desirable level a

Electrical discharge machine introduced by Nagatsu Manufacturing as part of its work automation efforts.

Electrical discharge machine introduced by Nagatsu Manufacturing as part of its work automation efforts.

Nagatsu Seisakusho will begin automating its main plant to improve the efficiencyof machining die parts. The company will introduce work changers for 5-axis machining centers (MC) and other equipment to replace processed parts. The company plans to introduce several 5-axis MCs and work changers as a set if they are utilized smoothly. The installation cost is about 10 million yen. Workers without machining skills only need to take the workpiece and electrodes in and out of the shelves at the site. The company's domestic sales are about 1.6 billion yen. However, the domestic mold market is shrinking. Rather than expanding sales, this automation initiative is aimed at strengthening cost competitiveness and promoting work style reform. Once the automation at the head office plant gets going, the company plans to start automation at the Niigata plant in Mitsuke City, Niigata Prefecture in two to three years. (= September 18, 2019, photo credit: Nikkan Kogyo Shimbun / Kyodo News Images)