By bno - Taipei Bureau South Korea's central bank has opted to keep its benchmark interest rate unchanged at 3% despite mounting concerns over the country's economic performance. This decision follows two consecutive rate cuts in October and November,
Korea faces economic growth gap with U.S.; need for measures to retain investments Koreas investment landscape faces challenges amidst diverging economic trends with the U.S.
Despite mounting woes leading to weak growth momentum, South Korea's central bank kept its benchmark interest rate frozen Thursday in the wake of the weak local currency and uncertainties stemming from the new Donald Trump administration.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid
The surprise decision came as South Korea's trade-dependent economy faces challenges from weakening export growth and a sluggish recovery in domestic demand, partly hindered by political turmoil following impeached President Yoon Suk Yeol's short-lived declaration of martial law in December.
U.S. stocks are drifting toward a record amid a relatively quiet day on Wall Street. The S&P 500 rose 0.2% in late Thursday trading and was on track to surpass
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President
A World Bank report last week highlighted that risks to the regional outlook remain tilted to the downside, primarily due to global policy shifts and trade policies in particular. It projected growth for East Asia and Pacific to decelerate to 4.6% in 2025 and to 4.1% in 2026, from 4.9% in 2024.
The U.S. dollar is expected to maintain its strength over the next two years before likely experiencing a sharp decline around 2027, Charles Goodhart, 88, professor emeritus at the London School of Economics,
EU Mid-Market Update: Risk-on sentiment percolates as US's $500B Stargate AI investment project confirmed; Trump again speaks on tariffs; Netflix's record subscriber gain.
Where Economists Think the Trump Economy Is Headed By Vicky Ge Huang WSJ's latest survey shows that forecasters expect higher inflation than they did in October-but also higher GDP growth. Also, a sluggish economy and President Trump's tariff threats prompt Beijing to tell big investor to buy more stocks.