The plans are part of the Korea government's broader move to shield its exports from China's slowdown and the prolonged weakness in JPY. South Korea is seeing the continual weakness in exports and softer domestic consump…
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The plans are part of the Korea government's broader move to shield its exports from China's slowdown and the prolonged weakness in JPY. South Korea is seeing the continual weakness in exports and softer domestic consumption from the MERS outbreak.
The government announced measures to boost its ailing exports which have fallen by an average of 5% in H1 compared to 2.4% in 2014. This includes the provision of USD14.3bn in trade financing for the next two years, as well as USD5.8bn of investment over the next three years in R&D capabilities for 18 emerging products and technologies.
"BoK keeps rates on hold till the end of this year as it guards against an already high household debt, with growth supportive measures likely to come from the fiscal side", says Commerzbank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
