Economy

Facebook Just Made Mark Zuckerberg The 6th Richest Person in The World

Facebook's stock went up to 12 percent as per the social network's earning report this quarter.

January 29, 2016 at 4:05 am

Here's Why Korean Cosmetics Are A Global Hit With Over US$1.44 Billion Exports

The boom of Korean cosmetics reached a worldwide scale with approximately US$1.44 exports.

January 28, 2016 at 4:51 am

Fed's Kept Rates Unchanged And Will Closely Monitor Global Markets, Asian Stocks Retreat

The U.S. Federal Reserve has kept their interest rates unchanged and said that they are keeping a close watch on global economic and financial developments, according to a report from Reuters. Asian stocks dropped, following U.S. equities lower after the Fed’s announcement.

January 28, 2016 at 1:57 am

30 Offshore Tax Evaders To Be Investigated by Authorities

Thirty offshore companies are to be investigated for suspected concealing of wealth by hiding documents in British Virgin Islands and other places.

January 27, 2016 at 11:26 am

Prices Of Oil Increase More Than 4 Percent, Brent Crude Sells Up To $32 Per Barrel

With this new development, investors hope it could minimize the oversupply of oil and continue to stabilize the prices in the market.

January 27, 2016 at 2:31 am

Apple Points China's Weakness for Low Sales Volume after Falling Short

Apple experiences China's economic slowdown as their sales volume went lower than expected.

January 26, 2016 at 5:59 am

South Korea's GDP Slowed Down In The Fourth Quarter, Drop In Construction Investment Outweighs Improvement In Consumer Spending

South Korea’s gross domestic product (GDP) has slowed down from its five-year high in the final quarter of 2015, according to a report from U.S. News & World Report. The slowdown in GDP is due to the drop in construction investment, which outweighs the improvement in consumer spending.

January 26, 2016 at 3:31 am

Korea Incorporates Winter Films To Promote Tourism

Korea takes advantages of the popularity of its winter tourism so they are inviting more people to visit their country and film scenic locations.

January 26, 2016 at 3:22 am

Jeju Island's Fast Growth Beats Seoul, Busan; Further Growth Seen This Year

While Jeju island is enjoying the fruits of their rising economy, the whole South Korea lags behind.

January 25, 2016 at 3:43 am

Bangladesh, S. Korea Tighten Diplomatic and Economic Relations

South Korea and Bangladesh remain to be allies in economic and diplomatic relations, in lieu of both countries' labor cooperation.

January 23, 2016 at 9:48 pm

Venezuela Continues To Struggle With High Inflation, IMF Says It Could Reach By 720 Percent In 2016

The opposition party has believed President Nicolas Maduro is responsible for the country’s current crisis.

January 22, 2016 at 6:20 am

BOJ Can't Afford Not To Act, As Deteriorating Conditions Seen As Risk To Country's Economy

Haruhiko Kuroda, the governor of Bank of Japan, cannot remain inactive with the conditions that the country is currently facing, according to a report from The Wall Street Journal. Kuroda’s plan to revive the economy and raise inflation is in trouble due to the continued turbulence in the global market.

January 21, 2016 at 11:27 am

Prime Minister Justin Trudeau Speaks At World Economic Forum, Says Canada Is Safe Place To Invest

“We have social stability, financial stability and a government willing to invest in the future,” Trudeau said.

January 20, 2016 at 9:25 am

2016 Grand Sale In Korea To Start Before Lunar New Year

The nationwide sale is expected to boost the domestic consumption of the country.

January 20, 2016 at 4:52 am

IMF Revised Global Forecast Down, Due To Risks Of China Slowdown, Strong Dollar, Geopolitical Tension And Renewed Global Risk Aversion

The International Monetary Fund (IMF) has revised down its global forecast for the third time in less than a year, according to an update released by the IMF. The cut is due to the increased challenges that emerging markets and developing countries are facing, particularly the slowdown in China, stronger dollar and the renewed global risk aversion.

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