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Currency dealers monitor exchange rates in a trading room at the KEB Hana Bank in Seoul on March 13, 2017. South Korean shares rose 0.97 percent on March 13 following the Constitutional Court's ruling to impeach ex-president Park Geun-Hye over a massive corruption scandal. The benchmark KOSPI was up 20.24 points to close at 2,117.59 points. / AFP PHOTO / JUNG Yeon-Je (Photo credit should read JUNG YEON-JE/AFP/Getty Images)Asia-Pacific markets mostly fell as investors assessed South Korea's gross domestic product numbers and markets respond to China's central bank cutting reserve requirements for the country's lenders. South Korea's GDP grew 2.2% year on year in the fourth quarter and 0.6% compared with the previous quarter, beating expectations from a Reuters poll of 2.1% and 0.5%, respectively.
Persons: Park, JUNG Yeon, JUNG YEON, Pan Gongsheng Organizations: Hana Bank, South, Getty, People's Bank of China Locations: Seoul, Asia, Pacific
Fed Rate Moves Squeeze a Key U.S. Ally
  + stars: | 2023-10-23 | by ( Frances Yoon | ) www.wsj.com   time to read: 1 min
Currency traders at KEB Hana Bank’s headquarters in Seoul. Photo: Ahn Young-joon/Associated PressSouth Korea’s alliance with the U.S. has strengthened during the Biden presidency. But the country’s economy has fallen victim to the rapid rise in U.S. interest rates, showing how Federal Reserve decisions—and the uncertainty around them—can send ripples around the world. The Fed has embarked on a historic spree of interest-rate rises since early 2022, an attempt to rein in inflation that peaked at 9.1% in the middle of last year. Central banks across the globe have followed these moves, partly out of a desire to protect their currencies, which can suffer as rising Treasury yields encourage international investors to dump overseas assets and buy U.S. bonds.
Persons: Hana Bank’s, Ahn Young Organizations: Associated Press, U.S, Biden, Fed Locations: Seoul
“She’s always had such a regal reverence and a curiosity about dance from all over the world,” he said. Her hip-hop and R&B pedigree is evident in neck swivels and shoulder shimmies that connect TikTok dances to their 20th-century lineage. Some of the songs were sped up to match her moves, Sanders said. He also wrote songs for the movie, including a beat-driven work anthem for Harpo, Mister’s son (Corey Hawkins). During Bazawule’s presentation — via video during the height of covid — “I literally texted Oprah,” Sanders recalled.
Persons: Bazawule’s, Fatima Robinson, Michael Jackson, Mary J, Blige, ” Bazawule, Aaliyah, “ She’s, , Sanders, Bazawule, “ It’s, Ricky Dillard, Keb, , Christian McBride, Brenda Russell, Allee Willis, Stephen Bray, Harpo, Mister’s, Corey Hawkins, , ” Sanders, Locations: Accra
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