Economy

South Korea Import And Export Prices Continued Drop In December, Due To Plunge In Energy And Raw Material Prices

The export and import prices of South Korea have continued their fast drop in December, according to a report from Yonhap News Agency. The drop at a fast clip is due to the plunge in energy and raw material prices.

January 12, 2016 at 8:59 pm

Finance Minister Nominee Yoo Il-ho Says South Korea's Economy will Grow in 2016

His remarks were taken positively, hoping that his prediction would be realized as South Korea further strengthens its economy.

January 12, 2016 at 8:03 am

India to Open Up Coal Mining to Private Companies after 4 Decades

Known to be the third biggest coal importer in the world, India aims to double its coal production and strengthen the industry by inviting private companies as investors.

January 12, 2016 at 3:04 am

Asian Stocks Continue From Last Week's Decline, Oil Dropped, Due To Worries On China's Economy

Asian stocks, along with crude prices, started the week lower in early trading, according to a report from The Wall Street Journal. The drop in share and oil prices is due to the continued volatility in the Chinese stock market and worries about the China’s economy keeping investors fearful.

January 9, 2016 at 10:00 am

John Hancock Survey Finds Confidence About Investing In Stocks And Balanced Mutual Funds Has Declined

Year-end Investor Sentiment flattened after reaching a record high in the second quarter of 2015.

January 11, 2016 at 7:46 am

Hyundai Motor America Commits $1 Million To Partnership With MIND Research Institute

Hyundai Motor America will expand its partnership with MIND Research Institute a s part of its ongoing commitment to support education

January 11, 2016 at 9:34 am

U.S. Hiring Surged In December, But Wages Still Lack Substantial Growth

Hiring in the U.S. have surged in December, showing that the country’s economy is in solid footing despite the economic slowdown experienced abroad, according to a report from Bloomberg. Wages, though, have continued to provide a lack of substantial growth that Federal Reserve policymakers are seeking.

January 11, 2016 at 1:54 am

Germany's Industrial Production Unexpectedly Drops, Slowdown In China And Emerging Markets Showing Effect

Germany has experienced an unexpected drop in its industrial production in November following a growth in October, according to a report from the Financial Times. The drop in production shows that the slowdown in China and other emerging markets are affecting Europe’s biggest economy.

January 11, 2016 at 12:15 am

China's Stock Market Falls Fast, Investment Strategists Say No Need to Worry

“This is not a situation that should result in panic; it should result in caution,” said Kristina Hooper of Allianz Global Investors in U.S.

January 8, 2016 at 11:08 am

Hudson's Bay Company Buys Online Shopping Company Gilt Groupe for $250 Million

The online shopping company decided to sell the business since its operations have not been doing well.

January 8, 2016 at 10:38 am

Denmark Raises Interest Rates, Looks To Keep Danish Currency Steady Against The Euro

Denmark’s central bank has raised its main interest rate on Thursday, January 7, 2016, in a step that is taken with the recent policy moves by the European Central Bank (ECB), according to a report from The Wall Street Journal. The move is to keep the Danish currency steady against the euro.

January 8, 2016 at 10:29 am

Moody's Says South Korea's Ratings Won't Be Affected By North Korea's Latest Nuclear Test

Moody’s Investors Services, Inc. said that South Korea’s sovereign credit ratings won’t be affected by North Korea’s latest nuclear provocation, according to a report from The Korea Times. Korea Development Bank (KDB) actually had no problem selling bonds and notes to investors following North Korea’s announcement of successfully testing a hydrogen bomb.

January 7, 2016 at 6:50 am

Loans From South Korean Banks Rise At Fastest Rate In 2015 Due To Increased Home Transactions, Fees

Loans from major local banks in South Korea have increased at the fastest clip in five years in 2015, according to a report from Yonhap News Agency. This is due to rise in home transactions and home rental fees.

January 7, 2016 at 5:58 am

World Bank Cuts 2016 Economic Growth, Due To Anemic Recovery From Emerging Markets

The World Bank has announced in a press release that the economic growth forecast for 2016 is at 2.9 percent, up from the 2.4 percent growth in 2015, but still down from its forecast in June. The bank said that the weak growth among emerging markets will weigh heavily on the global growth for 2016.

January 7, 2016 at 4:56 am

Korean-Style Café Bakery Restaurants Hit Big in Other Asian Countries

Korean style cafe bakery restaurants have become popular in other countries in Asia such as China and Indonesia.