US stocks advance, Treasury yields rise following strong economic data, Fed resolve

NEW YORK, Aug 3 (Reuters) – Wall Street advanced and Treasury yields touched two-week highs on Wednesday as abating geopolitical concerns, robust economic data and generally upbeat corporate earnings fed investor risk appetite. All three major US stock indexes were higher, and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected acceleration of … Read more

S. Korea inflation near 24-yr high; markets focus on weak economy

FILE PHOTO: An office worker eats his lunch at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran Register now for FREE unlimited access to Register July inflation near 24-year high of 6.3%, same as forecast Central bank says July data was in line with its projection Bonds rally as … Read more

N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS/Kim Hong- Ji/Pool Register now for FREE unlimited access to Register SEOUL, July 27 (Reuters) – … Read more

South Korea plans financial tool to head off crises

SEOUL, July 26 (Reuters) – South Korea’s top financial regulator unveiled on Tuesday a draft plan for supporting distressed financial companies to prevent failures, rather than waiting to bail them out after they had defaulted and caused economic damage. Under the plan, a credit facility run by the Korea Deposit Insurance Corporation (KDIC) would provide … Read more

US to host virtual meeting on Tuesday of Indo-Pacific trade, economic ministers

US President Joe Biden listens to other leaders joining the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event virtually, at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Register WASHINGTON, July 24 (Reuters) – The United States will host a virtual meeting on Tuesday … Read more

World stocks edge higher for sixth day of gains, dull business activity hits euro

MSCI World index flat US stock futures point to lower Wall Street open Euro down vs dollar, but eyes best week in 1 month LONDON/TOKYO, July 22 (Reuters) – Global stocks were marginally higher on Friday, eyeing a sixth day of gains as European markets rose, while weak euro zone business activity data hit the … Read more

South Korea’s economy likely lost some steam in Q2

BENGALURU, July 22 (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found. Exports in Asia’s fourth-largest economy grew at their slowest pace in over 1-1/2 years in June … Read more

Yellen says more opportunities for women will boost economic potential of US, S.Korea.

SEOUL, July 19 (Reuters) – Boosting women’s participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, US Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul. Women represented a “huge untapped resource” for both the United States and South … Read more

Stocks make recovery bid, hemmed in by weakening world economy

Chinese economy slowed sharply in Q2 US yields, dollar pull back after Fed officials’ comments European markets firmer, with eyes on Italy’s political crisis LONDON, July 15 (Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were … Read more

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS / Ann Wang Register now for FREE unlimited access to Register Sees Q3 revenue up to $ 19.8 bln- $ 20.6 bln from $ 14.88 bln yoy Confident on long term chip demand Q2 … Read more