Asian currencies rise on softer dollar, stocks mixed Most Asian currencies firmed on Friday, gathering momentum from a muted greenback ahead of Donald Trump’s return to... Published 17 Jan, 2025 11:51am
World South Korea jobless rate hits 3-1/2-yr high amid political uncertainty SEOUL: South Korea’s jobless rate jumped to the highest in 3-1/2 years in December, as political turmoil stoked... Published 15 Jan, 2025 08:15am
Business & Finance Asian currencies: Malaysia’s ringgit, the Philippine peso nudge higher MANILA: Asian currencies edged higher on Tuesday but their upside was limited, as the dollar clung near its highest... Published 15 Jan, 2025 02:59am
Business & Finance South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows SEOUL: South Korea’s factory activity contracted in December, with manufacturers’ sentiment turning pessimistic for... Published 02 Jan, 2025 08:19am
Business & Finance South Korea’s consumer inflation quickens in Dec amid faltering won SEOUL: South Korea’s consumer inflation quickened in December, exceeding market expectations amid a weak local... Published 31 Dec, 2024 08:05am
Business & Finance Brace! Risks stack up for the global economy in 2025 No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new... Published 23 Dec, 2024 11:34am
Business & Finance Bank of Korea flags downside risk to economic growth after martial law SEOUL: South Korea’s central bank governor said on Wednesday there was downside risk to its forecasts for economic... Published 18 Dec, 2024 12:28pm
World South Korea court begins review of Yoon impeachment SEOUL: South Korea’s Constitutional Court will begin on Monday reviewing the impeachment of President Yoon Suk Yeol... Published 16 Dec, 2024 08:33am
Business & Finance Bank of Korea vows to keep markets stable Yoon impeachment SEOUL: South Korea’s central bank vowed on Sunday vows to keep markets stable after South Korean President Yoon Suk... Published 15 Dec, 2024 10:13am
World South Korea rushes to stabilise markets after Yoon’s martial law bid SEOUL: South Korea’s finance ministry said on Wednesday it was ready to deploy “unlimited” liquidity into financial... Published 04 Dec, 2024 01:24pm
Business & Finance Asian currencies: Indonesian rupiah falls to two-week low BENGALURU: Equities in Asian emerging markets were under pressure on Thursday after lacklustre earnings from US tech... Updated 26 Jul, 2024 06:14am
Business & Finance South Korea consumer inflation slows to 10-month low SEOUL: South Korea’s consumer inflation slowed for a second straight month in May to a 10-month low, official data... Published 04 Jun, 2024 10:51am
Business & Finance South Korea holds interest rates steady, as widely expected SEOUL: South Korea’s central bank extended its interest rate pause for an 11th straight meeting on Thursday as the... Published 23 May, 2024 11:20am
Business & Finance Most Asian currencies gain ahead of US jobs report BENGALURU: Most Asian currencies and stocks clocked gains on Friday, with the South Korean won and equities leading... Published 03 Feb, 2024 05:46am
Business & Finance Most Asian currencies gain; US inflation data on tap BENGALURU: Most emerging Asian currencies and equities posted modest gains on Thursday, with the South Korean won... Published 12 Jan, 2024 03:06am
Markets Asian currencies, stocks subdued; all eyes on US inflation data The Philippine peso fell most among emerging Asian currencies against the greenback on Wednesday, while equities... Published 10 Jan, 2024 11:45am
Business & Finance Bank of Korea’s Rhee eyes warning signs of prolonged monetary tightening SEOUL: Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a financially troubled... Published 01 Jan, 2024 12:24pm
Markets IMF sees uncertainty over Japan’s monetary policy, spillover globally The International Monetary Fund on Thursday warned of “uncertainty” around the direction of Japan’s monetary policy,... Published 04 May, 2023 11:01am
Markets Bank of Korea Governor says rate gap with US one of many factors affecting won SEOUL: Bank of Korea Governor Rhee Chang-yong on Tuesday said interest rate difference with the United States is... Published 07 Mar, 2023 11:35am
Business & Finance South Korea hikes rates again but slows pace SEOUL: South Korea on Thursday raised its benchmark interest rate for the seventh time in a row as it struggles to... Published 24 Nov, 2022 10:26am
Markets South Korea expands corporate bond-buying programme SEOUL: South Korea’s government will expand its corporate bond-buying program among other liquidity supply ... Published 24 Oct, 2022 06:40am
Markets South Korea to expand corporate-bond buying program SEOUL: South Korea’s financial authorities will raise the ceiling for their corporate bond-buying facility to 16... Published 23 Oct, 2022 12:01pm
Markets Asian FX sell-off deepens; won rises on BOK hike Most Asian currencies slipped on Wednesday, hurt by weak global market sentiment ahead of the minutes of the most... Published 12 Oct, 2022 10:21am
Business & Finance Bank of Korea’s Rhee says policy tightening unlikely to end before Fed JACKSON HOLE, Wyo./SEOUL: The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in... Published 29 Aug, 2022 05:44am
Markets Thai baht, won lead Asian currencies higher as dollar cools Languishing Asian emerging currencies got a lift on Thursday as the US dollar took a breather ahead of the Federal... Published 25 Aug, 2022 10:33am
Business & Finance South Korea economy logs best annual growth in 11 years SEOUL: South Korea's economy grew in 2021 at the fastest pace for 11 years thanks to robust exports and strong... Published 25 Jan, 2022 10:32am
Markets Bank of Korea likely to hike rates again over high inflation, household debt BENGALURU: The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, ... Published 13 Jan, 2022 12:35pm
Markets South Korea central bank holds rates, flags a hike in November SEOUL: South Korea's central bank kept interest rates steady on Tuesday, taking a breather after its first rate hike... Published 12 Oct, 2021 11:29am
Markets Malaysia shares weaken ahead of c.bank rate decision Equities in the broader region came under pressure following a weaker overnight session on Wall Street Published 09 Sep, 2021 11:59am
Markets South Korean stocks fall after central bank rate hike; others flat ahead of Powell speech Investors are also awaiting Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium for clues over any tapering of stimulus measures Published 26 Aug, 2021 12:52pm