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Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.
Persons: , , Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, , India
New Delhi CNN —Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. “Why has Shahzade Ji stopped talking of Ambani and Adani in this election all of sudden? “How much money have you taken from Ambani and Adani?” he said at the rally. Adani took over NDTV, an influential broadcaster, in 2022, while Ambani owns Network 18, which includes the CNN-News18 TV channel, a CNN affiliate. Billionaire RajIn the last decade, both Ambani and Adani have stunned the world with their success and influence.
Persons: Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi, , Gandhi, Modi ” Gandhi, , Abhinandan Sekhri, Adani, Billionaire Raj, Cassanelli, Jeff Bezos, Hindenburg’s, ferociously Organizations: New, New Delhi CNN, Reliance Industries, Adani, Indian National Congress, Reliance, CNN, India’s, Bank of India, NDTV, Billionaire, Bloomberg, Hindenburg Locations: New Delhi, India, Asia, American
“To be honest it being a par 5, it’s pretty helpful,” he said afterwards, according to the PGA Tour. “(I) always used to watch her, and then ended up falling in love with it myself,” he told reporters before the tournament, per the PGA Tour. And after making the step up to the PGA Tour, Kim now sits in a tie for 36th place, seven shots behind overnight leader Jake Knapp. The American carded a seven-under 64 in his second round to leapfrog Englishman Matt Wallace who sits in a tie for second place with the USA’s Troy Merritt. Meanwhile, three-time major winner Spieth, whose record Kim broke, failed to make the cut as he continued to struggle with a wrist injury.
Persons: Kris Kim, Byron Nelson, Jordan Spieth, , “ I’ve, Kim, Ji, Hyun Suh, , Mike Mulholland, McGregor, Jake Knapp, Matt Wallace, Troy Merritt, Spieth, Knapp, Merritt Organizations: CNN, PGA, LPGA, Boys Locations: McKinney , Texas
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we examine how tough the job market is for the well-paid employee . That's the current job trend, as higher-paid employees are having trouble finding work despite a historically strong labor market. iStock; Rebecca Zisser/BIThe so-called white-collar recession could also have a lasting impact on the job market for high earners. AdvertisementIt speaks to the broader theme of efficiency Big Tech companies have touted for the better part of a year .
Persons: , Alyssa Powell, Insider's Aki Ito, BI's Emily Stewart, Aki, Rebecca Zisser, Wall, There's, Christine Ji, Kenneth Tan, Alexander Spatari, Abanti Chowdhury, Christine Ji's, Raymond James, Larry Adam, Goldman Sachs, Elon Musk, Premier Li Qiang, Beijing . Wang Ye, Musk, Li Qiang, Jensen Huang, Douglas Sacha, Getty, Bob Bakish, Shari, David Kohl, Shopify, Changpeng Zhao, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Hamptons, Big Tech, Tech, Amazon, Bank of America, Elon, Premier, AP Elon Musk's, Federal Reserve, Paramount Locations: America, Beijing ., Xinhua, China, New York, London
My Investment Banking Job Nearly Destroyed Me
  + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com   time to read: +9 min
I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.
Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. The opposition Democratic Party (DP), which already dominates the 300-member legislature, has accused Yoon and his conservative People Power Party (PPP) of mismanaging the economy and failing to rein in inflation during their time in office. PPP leader Han Dong-hoon said a big win by the DP, whose leader is facing corruption charges, would create a crisis for the country. He warned against giving the opposition an unprecedented super majority of 200 seats, which would strip Yoon of his veto power. "I hope the two-party structure will be broken somehow, and politicians will carry out practical policies for ordinary people."
Persons: Yoon Suk Yeol, Yoon, Han Dong, hoon, Kim Ji, yun, Jung Cheol, Cho Kuk Organizations: South, Election, Democratic Party, People Power Party, DP Locations: Seoul
AdvertisementNetflix's "3 Body Problem" is an adaptation of Liu Cixin's wide-ranging "Remembrance of Earth's Past" trilogy of novels. Speaking of Yun Tianming, he got turned into Will DowningWill Downing signs on to the Stairfacer Project in "3 Body Problem." Saul is based on a character named Luo JiSaul is chosen as a Wallfacer in "3 Body Problem." The VR headsets are way simpler in the seriesJack Rooney wears a virtual reality headset in "3 Body Problem." NetflixIn "3 Body Problem," Ye Wenjie's daughter Vera Ye dies by suicide in the first episode.
Persons: Liu Cixin's, , David Benioff, Weiss, Alexander Woo, Auggie Salazar, Ed Miller, Wang Miao, Da Shi, Salazar, Eiza González, it's Wang Miao, Wang Miao's, Jin Cheng, Jess Hong, Jin, Copernicus, Wang, she's, Netflix Wang Miao, Cheng Xin, She's, Yun Tianming, Will Downing Will Downing, Will Downing, Oxford alums, He's, Jack Rooney's, Saul, Luo Ji Saul, Netflix Saul, he's, Saul isn't, Luo Ji, they're, Ye, ETO Jonathan Pryce, Mike Evans, Tatiana, Marlo Kelly, Sophon, Evans, Shimooka, Alicia Vikander, Evan Rachel Wood, Jack Rooney, we'd, Ye Wenjie, Vera Ye, Yang Dong, Yang Weining Organizations: Service, Netflix, intel, Stairfacer, Oxford, United Nations, UN, ETO, Trisolaris Organization, Red Coast Locations: China, England, San, Red
Here's everything that we know about a potential season two of "3 Body Problem." But Woo said at the SXSW Film & TV Festival in March that they had already begun working on a second season. What would '3 Body Problem' season 2 be about? Here's where we'll really get into some spoiler territory, both for the ending of season one of "3 Body Problem" and book spoilers that might also be potential season two spoilers. "3 Body Problem" is now streaming on Netflix.
Persons: , Liu Cixin's, Ye Wenjie, David Benioff, Weiss, Alexander Woo, they're, Benedict Wong, Ed Miller, Woo, we've, Liam Cunningham, showrunners, Benioff, Nothing's, haven't, Jess Hong, Jin Cheng, Jovan Adepo, Saul Durand, Eiza, Auggie Salazar, Wade, Clarence Shi, Marlo Kelly, Tatiana, Saamer Usmani, Raj Varma, Alex Sharp, Will Downing, we'll, Saul, Luo Ji, who's, Luo, Yu, Tseng, Maria Heras Organizations: Service, Netflix, Business, SXSW, TV Festival, Collider, United Nations Locations: China, United Kingdom
Cardi B tried Balut eggs, a popular Filipino dish, on TikTok. Balut eggs are fertilized duck eggs popular in Asia — especially in the Philippines — that have become a popular food item for TikTokers to try. While wearing a burnt-orange updo and stunning blue eyeshadow, Cardi B presented a bowl of Balut eggs she made in a TikTok post on Wednesday. Cardi B explained that the duck tasted like raw chicken but said she liked the liquid inside the egg. The stereotypes live on in the form of TikTok taste tests, where many creators share videos gagging over Asian cuisine with millions of likes.
Persons: Cardi, Benny Blanco's, , Keith Lee, TikTok, I'm, gagging, benny blanco, Blanco, James Corden's, Corden, James Corden, Kim Saira, Robert Ji, influencers Organizations: Service, BI, Activists, New York Times, Food Studies, Daily Locations: TikTok, Asia, Philippines
CNN —Thousands of doctors in South Korea took to the streets of Seoul on Sunday to protest the government’s plans to increase medical school admissions and what they see as a broader lack of support for the country’s medical system. The doctors say the government needs to address a wider range of challenges facing the healthcare system than just the total number of doctors trained per year. Around 8,000 trainee doctors in South Korea began striking on February 21 by submitting their resignation. A doctor writes messages during a rally to protest against government plans to increase medical school admissions in Seoul on Sunday. Compounding the challenge, South Korea has the world’s lowest birth rate, which has been falling continuously since 2015.
Persons: Kim Hong, , Yoon Suk Yeol, , Jessie Yeung, Yoonjung Seo Organizations: CNN, South, Gallup Locations: South Korea, Seoul
Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.
Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England
CNN —With its bright lights, big names and halftime shows, the Super Bowl has always been the biggest sporting ticket in the US. Kansas City Chiefs quarterback Patrick Mahomes holds the Lombardi Trophy after the Chiefs won Super Bowl LVIII on Sunday, February 11. Steph Chambers/Getty Images Chiefs tight end Travis Kelce kisses his girlfriend, singer Taylor Swift, during the postgame celebrations. This was just the second Super Bowl in history to go to overtime. Swift, Ice Spice, Blake Lively and others were in attendance for Super Bowl LVIII.
Persons: Taylor Swift, Patrick Mahomes, Mahomes, Steph Chambers, Travis Kelce, Brynn Anderson, Trey Smith, Eric Gay, Adam Hunger, Andy Reid, Julio Cortez, Kyle Juszczyk, Mecole Hardman Jr, Jamie Squire, Hardman, Ezra Shaw, Tim Nwachukwu, Christian McCaffrey, Jake Moody, Frank Franklin II, Bill Vinovich, Mike Blake, Reuters Kelce, Fred Warner, David J, Phillip, Moody, Harrison Butker, Jauan Jennings, Kirby Lee, Chris Jones, Brock Purdy, George Walker IV, Kyle Shanahan, Marquez Valdes, Scantling, David Gray, Ray, Ray McCloud III, Stephen R, James Lang, Brian Snyder, Ji'Ayir Brown, Doug Benc, Gregory Bull, McCaffrey, Jennings, Dre Greenlaw, Achilles, Kelce, Reid, Isiah Pacheco, Pacheco, Harry, Trent McDuffie, Deebo Samuel, Chris Conley, Javon Hargrave, Sam Lutz, George Kittle, Getty Images Purdy, Michael Reaves, Nick Bolton, Candice Ward, Reba McEntire, Lively, McEntire, Andra Day, Jay, Blue Ivy, Rumi, Steve Luciano, Carlos Barria, Sterling, ’ Taylor, cutaways, Jason’s, Swift, Blake Lively, Vince Lombardi, Bill Belichick, Belichick, Don Shula’s, Hall, Tom Landry, Belichick hasn’t, Alex Grimm, Joe Flacco, Damar Hamlin, Hamlin, commotio cordis, Jeffrey T, Barnes, Dan Campbell, Aaron Rodgers, Rodgers, Robert Saleh, There’s, Organizations: CNN, Super, Kansas City Chiefs, San Francisco 49ers, NFL, Chiefs, Getty, AP Chiefs, Hardman, AP 49ers, 49ers, Reuters, USA Today Sports Chiefs, AP, USA, Network, Sports, Reuters 49ers, CBS, Reuters Chiefs, Getty Images, Allegiant, Vegas, New England Patriots ’, Green Bay Packers, Patriots, The Patriots, Kansas City Super, New England Patriots, of Fame, Hall of Fame, Atlanta Falcons, Indianapolis Colts, Deutsche Bank, Cleveland Browns, Buffalo Bills, Bills, Miami Dolphins, Dallas Cowboys, Detroit Lions, Lions, NFC, New York Jets, Jets Locations: Las Vegas, Brittany, Japan, Allegiant, , Kansas, Massachusetts, Foxborough, Frankfurt, Germany, Cincinnati, East Rutherford
Steph Chambers/Getty Images Chiefs tight end Travis Kelce kisses his girlfriend, singer Taylor Swift, during the postgame celebrations. Adam Hunger/AP Chiefs head coach Andy Reid, second left, celebrates with staff members after the game. Jamie Squire/Getty Images Chiefs wide receiver Marquez Valdes-Scantling celebrates after catching a 16-yard touchdown pass in the third quarter. George Walker IV/AP Kelce yells at Reid after Chiefs running back Isiah Pacheco fumbled in the red zone during the second quarter. Mike Blake/Reuters Chiefs cornerback Trent McDuffie defends a pass intended for 49ers wide receiver Deebo Samuel during the second quarter.
Persons: Travis Kelce, Andy Reid, Jason, Kelce, it’s, Aw, , Reid, Jerick McKinnon, I’d, , ” Travis, , Reid –, , ” Kelce, Patrick Mahomes, Mahomes, Steph Chambers, Taylor Swift, Brynn Anderson, Trey Smith, Eric Gay, Adam Hunger, Julio Cortez, Kyle Juszczyk, Mecole Hardman Jr, Jamie Squire, Hardman, Ezra Shaw, Tim Nwachukwu, Christian McCaffrey, Jake Moody, Frank Franklin II, Bill Vinovich, Mike Blake, Reuters Kelce, Fred Warner, David J, Phillip, Moody, Harrison Butker, Jauan Jennings, Kirby Lee, Chris Jones, Brock Purdy, George Walker IV, Kyle Shanahan, Marquez Valdes, Scantling, David Gray, Ray, Ray McCloud III, Stephen R, James Lang, Brian Snyder, Ji'Ayir Brown, Doug Benc, Gregory Bull, McCaffrey, Jennings, Dre Greenlaw, Achilles, Isiah Pacheco, Pacheco, Harry, Trent McDuffie, Deebo Samuel, Chris Conley, Javon Hargrave, Sam Lutz, George Kittle, Getty Images Purdy, Michael Reaves, Nick Bolton, Candice Ward, Reba McEntire, Lively, McEntire, Andra Day, Jay, Blue Ivy, Rumi, Steve Luciano, Carlos Barria, Sterling, That’s Organizations: CNN, Kansas City Chiefs, Chiefs, San Francisco 49ers, CBS, Philadelphia Eagles, Super, Getty, AP Chiefs, Hardman, AP 49ers, 49ers, Reuters, USA Today Sports Chiefs, AP, USA, Network, Sports, Reuters 49ers, Reuters Chiefs, Getty Images, Allegiant, Vegas, Bowl Locations: Las Vegas, Brittany
CNN —China’s 19-year-old swimming phenom, Pan Zhanle, recorded the fastest 100 meters in history on Sunday as he smashed the men’s freestyle world record and established himself as the pacesetter ahead of the forthcoming Paris Olympics. “Breaking the world record just came naturally. Chinese men's 4x100 meter freestyle world championship gold medallists Wang Haoyu, Zhang Zhanshuo, Ji Xinjie and Pan Zhanle. Ian MacNicol/Getty ImagesPan is the first Chinese male to hold the world record in the event. The two other Chinese world record holders in history are Zhang Lin, whose 800m freestyle swim from 2009 still stands, while controversial compatriot Sun Yang has held the 1,500m freestyle since 2012.
Persons: CNN —, Pan Zhanle, Pan, David Popovici, , , ” Pan, Wang Haoyu, Zhang Zhanshuo, Ji Xinjie, Zhanle, Ian MacNicol, Zhang, Qin Haiyan, Zhang Lin, Sun Yang Organizations: CNN Locations: Paris, Doha, Romanian, Zhejiang, Fukuoka, Japan, China, Italy
The crash test highlights safety experts' concerns about faster and heavier EVs. AdvertisementA new video of a Rivian truck bursting through steel guardrails during a crash test highlights some of the safety concerns experts have raised about heavy electric vehicles. Bigger the car, deadlier the crashSafety experts have previously raised concerns about the risks heavy vehicles and heavier EVs could bring to the roads. In the UK, safety experts say the heavier weight could cause older parking garages across the country to collapse. "There is some urgency to address this issue," Cody Stolle, Midwest Roadside Safety Facility's assistant director, told the publication.
Persons: , Rivian, Ann Carlson, Charles Krupa, Kevin Heaslip, Politifact, Steve Patton, Alexa St, John, Zhe Ji, Myles Russell, they're, Cody Stolle, Ford Organizations: Service, University of Nebraska, Safety Facility, Nebraska Today, Midwest, Safety, National, Traffic Safety Administration, Reuters, Insurance Institute for Highway Safety, Center for Transportation Research, University of Tennessee, P Global Mobility, EV, Alexa, Ferrari, GMC, Ford, Madison Hall, McLaren, Anadolu, Getty, Research, Tesla Locations: Manchester , New Hampshire, Canadian, North America
CNN —Amazon Prime’s new drama series “Expats,” starring Nicole Kidman, is currently unavailable to watch in Hong Kong despite being set and partly filmed in the city. That year, Hong Kong also granted Oscar-winner Kidman an exemption from its tough Covid-19 quarantine rules to film in the city. Four members of her crew were also granted relief from the restrictions, Hong Kong officials said at the time. CNN has also reached out to the Hong Kong Commerce and Economic Development Bureau for comment. “It was very important to me to be able to show this particular moment in this year in Hong Kong very accurately,” she said.
Persons: , Nicole Kidman, Margaret, Hong Kong, Oscar, Kidman, Hong, , ” Yaqiu Wang, ” Bonde Sham, Ji, Yoo, Wang, , Lulu Wang, “ It’s Organizations: CNN, Amazon, Umbrella Movement, Hong, The Hong, Hollywood, Freedom House, Hong Kong Commerce, Economic, Reuters, Kong’s, Film, Association, BBC Radio Locations: Hong Kong, Beijing, The, The Hong Kong, Hong, China, Taiwan, Los Angeles
In “Expats,” the actress Ji-young Yoo, a relative newcomer to Hollywood, shares the screen with Nicole Kidman, the Oscar- and Emmy-winning actress and producer. Yoo plays Mercy, a Columbia grad and would-be babysitter for the young son of Kidman’s Margaret, a former landscape architect and a mother of three living, none too happily, in Hong Kong. When Mercy loses her charge in a moment of distraction (yes, she was texting), it sends Margaret into — well, just imagine how Nicole Kidman might react if, say, you were texting and you lost her child. “When I watch the scenes with me and Nicole, it still feels like I was Photoshopped in,” she said in an interview last month. Premiering on Friday, the Amazon series tells the story of three women, all of them expatriates, living in Hong Kong amid the 2014 Umbrella Movement protests.
Persons: “ Expats, Ji, Yoo, Nicole Kidman, Mercy, Kidman’s Margaret, Margaret, , , Nicole, Kidman, Lulu Wang’s Organizations: Hollywood, Columbia Locations: Hong Kong, , Moulin Rouge
China's stock market lost more than $6 trillion in valuation from 2021 through last week. The market is confused by Beijing's policy stance on the economy, per Nomura economists. AdvertisementA brutal downcycle in China's stock market has wiped out over $6 trillion in valuations since 2021 — and policymakers in Beijing may be adding to the turmoil. "There has been increasing confusion over Beijing's policy stance on the economy," wrote Nomura economists in a Monday note seen by Business Insider. While China's stock market is still in the dumps, some see opportunities ahead.
Persons: , Bloomberg's, Xi Jinping's, Ji Min Organizations: Bloomberg, Nomura, Service, CSI, People's Bank of China, Business, Economic Work, China Morning Locations: Beijing, China, Hong Kong, Shanghai, Shenzhen
A video shows two North Korean teenage boys being sentenced to hard labor for watching K-dramas. AdvertisementRare video footage shows two teenage boys being sentenced to 12 years of hard labor for watching K-dramas, which are South Korean TV shows. In North Korea, viewing or distributing foreign media, especially from South Korea, is considered a serious offense. 🚨🇰🇵RARE FOOTAGE FROM NORTH KOREA: TEENS PUNISHED FOR WATCHING SOUTH KOREAN TVChilling footage from North Korea allegedly shows two teenage boys handcuffed in front of hundreds of students and sentenced to 12 years of hard labor for watching South Korean 'K-dramas.' One North Korean defector told the BBC that punishment is harsher for watching South Korean media compared with other foreign media.
Persons: , 🚨🇰, CnEO6HL —, sy Organizations: Service, South, BBC Locations: Korean, North Korea, South Korean, South Korea
I really enjoyed working as a Starbucks barista for two years — and the best perk, by far, was getting to taste so many menu items. Kim Hong-Ji/ReutersI really enjoyed working as a Starbucks barista and trying so many menu items. Eventually, I even started to deviate from the standard offerings and customize drinks and desserts, resulting in some new favorites. Because of this, I have plenty of recommendations for anyone looking to change up their go-to order. Here are some of my favorite things to get at Starbucks, plus how to order them.
Persons: Kim Hong Organizations: Reuters, Starbucks
As 2023 comes to a close, we take a look at the year that was in Asia and the Pacific region. But who had it good and who had it bad in 2023? Bad year: China's property marketWith millions of Chinese citizens still waiting for homes they put down payments on — but might never be built — 2023 was a particularly bad year for China's property market. A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. Chinese families and individuals who once saw homes as more than somewhere to live but also as investments have reason to fear 2023 won't be the last bad year they face.
Persons: Curtis, Chin, Jose B, , Vikram, Amit Dave, Narendra Modi, Taylor Swift, Kim Ji, Jennie, Kim Jennie, Roseanne Chae, Lisa, Lalisa, King Charles, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones, Blackpink, Michelle Yeoh, Joe Biden, Xi Jinping, San Francisco —, China Evergrande, Moody's, Asia's Organizations: Asian Development Bank, RiverPeak Group, ISRO —, Indian Space Research, Orbiter, ISRO, Buckingham, Sustainable, COP26, Getty, YG Entertainment, APEC, U.S, International Monetary Fund Locations: U.S, Asia, Turkey, Syria, Maui, Hawaii, Lahaina, Pacific, India, Gujarat Science City, Ahmedabad, Korea, British, LONDON, ENGLAND, Glasgow, London, England, South Korea, Malaysian, New Zealand, Thailand, China, San Francisco, United States, Taiwan, South China, Country, Hangzhou city, Zhejiang province
A shopkeeper naps as she waits for customers at a traditional market in Seoul, South Korea, April 7, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Dec 5 (Reuters) - South Korea's inflation eased for the first time in four months in November, bringing relief to policymakers worried about persistent inflation risks as they plan to keep their restrictive monetary policy in place for longer. "Compared to core inflation in the U.S. and Europe that seem to be still in the 4% to 5% range, (South Korea's core inflation) seems to be far more stable," said Finance Minister Choo Kyung-ho at a policy meeting in Seoul. "Considering this, we see inflation stabilizing in a steady manner going forward, unless we face some additional external shocks." The Bank of Korea kept interest rates steady at 3.50% last week at its final policy meeting of the year and signalled it may need to keep interest rates higher for longer to head off persistent inflation risks.
Persons: naps, Kim Hong, Choo Kyung, BOK, Jihoon Lee, Chris Reese, Lincoln Organizations: REUTERS, Rights, Reuters Survey, Bank of, Thomson Locations: Seoul, South Korea, Rights SEOUL, U.S, Europe, Bank of Korea
South Korean canine breeders protest dog meat ban
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: 1 min
[5/10]Share this photoA dog in a cage is pictured during the protest in front of the Presidential Office in Seoul, South Korea, November 30. Dozens of farmers, who had tried to drive into the street in front of the presidential office by truck with dogs in cages that they intended to release at the scene, were turned away by the police who inspected the cargo covered with blankets. REUTERS/Kim Hong-Ji
Persons: Kim Hong, Ji Organizations: Presidential Locations: Seoul, South Korea
REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsNov 30 (Reuters) - A look at the day ahead in Asian markets. If this week has so far been strangely listless for Asian markets, that could be about to change suddenly on Thursday as investors brace for a deluge of top-tier economic data and policy events from across the continent. The latest industrial production and retail sales data from both Japan and South Korea are on tap too, all of which could move their respective markets, especially currencies. All else equal, the risks for Asian markets on Thursday may be tilted to the upside, even though stock markets around the world again struggled on Wednesday. South Korea's central bank is expected to keep its base rate on hold at 3.50% and leave it there until at least the middle of next year.
Persons: Kim Hong, That's, Goldman Sachs, Jamie McGeever, Josie Kao Organizations: Korea, South Korean, REUTERS, New Zealand, Bank of Japan, Reserve Bank of New Zealand, Thomson, Reuters Locations: Seoul, South Korea, China, India, Japan, U.S, Korea's, Korea
Indian military engineers on November 27 were preparing to dig by hand to reach 41 workers trapped in a collapsed road tunnel for 15 days, a rescue operation hit by repeated setbacks. (Photo by Sajjad HUSSAIN / AFP) (Photo by SAJJAD HUSSAIN/AFP via Getty Images)Indian rescuers led by "rat miners" drilled through rocks and debris on Tuesday to reach 41 construction workers trapped in a collapsed tunnel in the Himalayas for 17 days. Dozens of rescue workers with ropes, ladders, and stretchers entered the tunnel and 41 ambulances were lined up outside to take the 41 men to a hospital about 30 km away. Some rescue workers in hard-hats made victory signs and posed for pictures. Relatives of the trapped men, who have been camping near the site, gathered outside the tunnel with luggage, ready to accompany the men to hospital.
Persons: Sajjad HUSSAIN, SAJJAD HUSSAIN, Pushkar Singh Dhami, Baba, Nag Ji, stretchers, Chaudhary, Manjeet Chaudhary Organizations: Getty Images Locations: Uttarkashi, India's Uttarakhand, AFP, Uttarakhand, India
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