DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
BOK - 1 Morgan Stanley's - 1 Kathleen Oh - 1 We've - 1 Morgan Stanley - 1 CHARLES JENKINS - 1 Charles Jenkins - 1 Jenkins - 1
Top related locs:
Korea United States Bank of Korea Seoul Korea's SEOUL South Korea North Korea
Top related orgs:
Bank of - 1 Federal Reserve - 1 Army - 1 North - 1 Washington - 1 Trump - 1 Associated Press - 1 of Virginia - 1

Search resuls for: "Korean Economic"


7 mentions found


☆ Bank of Korea cuts interest rates by 25 basis points after holding for almost two years
  + stars: | 2024-10-11 | by ( Lim Hui Jie Dylan Butts | Lim Hui Jie | Dylan Butts | ) www.cnbc.com   time to read: +2 min
South Korea's central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022. This was in line with a poll of economists from Reuters, who forecasted a rate cut. At that time, South Korea's inflation stood at 2.6%, but climbed sharply to hit 6.3% in July 2022, its highest in over 20 years. Oh noted that macro conditions are supportive of a rate cut, with a "favourable" inflationary backdrop. Oh predicts that after the October cut of 25 basis points, three more consecutive cuts will follow on a quarterly basis, eventually bringing the BOK's benchmark interest rate to 2.5%.
Persons: BOK, Morgan Stanley's, Kathleen Oh, We've, Morgan Stanley Organizations: Bank of, Federal Reserve, Reuters Locations: Bank of Korea, Seoul, Korea's, Korea
☆ A Look at Other Americans Who Have Entered North Korea Over the Years
  + stars: | 2023-09-27 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +6 min
SEOUL, South Korea (AP) — North Korea says it plans to expel a U.S. soldier who crossed into the country in July. Other Americans have entered North Korea over the years, including a few U.S. soldiers. Five months later, North Korea announced it was expelling Lowrance who had entered the country illegally through China. While North Korea officially guarantees freedom of religion, analysts and defectors describe the country as strictly anti-religious. In 2009, American missionary Robert Park walked into North Korea with a Bible in his hand to draw attention to North Korea’s human rights abuses.
Persons: CHARLES JENKINS, Charles Jenkins, Jenkins, Hitomi Soga, Soga, BRUCE BYRON LOWRANCE, Bruce Byron Lowrance, Donald Trump, Kim Jong Un, Lowrance, – Kim Dong Chul, Tony Kim, Kim Hak, —, Mike Pompeo, MATTHEW MILLER, Matthew Miller, Miller, Barack Obama, Kenneth Bae, Weeks, KENNETH BAE Bae, Bae, James, JEFFREY FOWLE, Jeffrey Fowle, Tony Hall, Robert Park, OTTO WARMBIER Otto Warmbier, Warmbier, Warmbier’s, ”, — Fred, Cindy Warmbier — Organizations: Army, North, Washington, Trump, Associated Press, of Virginia Locations: SEOUL, South Korea, North Korea, U.S, Rich Square , North Carolina, North Korean, Japan, China, North, United States, Kim, Bakersfield , California, Pyongyang’s, Pyongyang, Korean, Lynnwood , Washington, Ohio, Chongjin, New York, Washington
☆ Samsung's ASML sale highlights vexing cash bind
  + stars: | 2023-08-18 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +4 min
Samsung's 11-year-old investment in ASML has been hugely lucrative. Over the past decade, ASML shares have delivered a whopping 25% annualised return to its shareholders. It's part of Samsung's ambitious $230 billion commitment to bolster South Korea's semiconductor and high-tech sectors over the next 20 years. Moreover, Samsung's cash is probably held in overseas affiliates and subsidiaries across different jurisdictions; its annual report lists hundreds of entities abroad. That should help ease Samsung’s vexing cash bind, but the company may still need to come up with some creative funding choices.
Persons: Taiwan's TSMC, ASML, Antony Currie, Thomas Shum Organizations: Reuters, Samsung Electronics, Korean Economic, Intel, Samsung, HK, SFA Engineering, Apple, Korea Economic, Thomson Locations: HONG KONG, KS, ASML, United States, Korea
☆ Morning Bid: Looming U.S. 'X-Date' frays global nerves
  + stars: | 2023-05-09 | by ( Jamie Mcgeever | Thomson Reuters | Jamie Mcgeever Has Been A Financial Journalist Since | ) www.reuters.com   time to read: +2 min
May 10 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Full-year Japanese earnings on tap Wednesday include Softbank (9434.T), Toyota (7203.T) and Panasonic (6752.T). It rose 1% on Tuesday and only four of the last 20 trading sessions have been down days. Treasury Secretary Janet Yellen has repeatedly warned that the X-Date could be June 1, meaning there is barely three weeks between now and a potential U.S. default. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ US, South Korean leaders pledge to cooperate on forex market stability
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +1 min
April 26 (Reuters) - U.S. President Joe Biden and South Korean President Yoon Suk Yeol upgraded their commitment to cooperate on maintaining stability in foreign exchange markets at a summit on Wednesday, a senior South Korean economic official said. "It is meaningful that (the two leaders) expressed their willingness to actively cooperate for the financial stability at a higher level than before," Choi Sang-mok, senior presidential secretary for economy, told reporters in Washington. Biden and Yoon said in a statement following the summit that the two countries "will continue to consult closely on foreign exchange market developments to promote sustainable growth and financial stability". It was a reaffirmation of a commitment made last year but was an upgrade in the sense that it was included in the statement after the summit meeting held on the occasion of President Yoon's state visit, Choi said. Reporting by Choonsik Yoo; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ China's BYD denies media report on Tesla ending battery supply cooperation
  + stars: | 2023-03-14 | by ( ) www.reuters.com   time to read: 1 min
SHANGHAI, March 14 (Reuters) - Chinese electric vehicle and battery maker BYD Co Ltd (002594.SZ), on Tuesday said a media report saying U.S. peer Tesla Inc (TSLA.O) is ending cooperation on battery supplies is false. The Korean Economic Daily on Sunday cited industry sources as saying Tesla had not ask BYD for an additional supply of batteries for certain Tesla Model 3 vehicles after their supply deal expired earlier this year. The report "is not in line with the actual situation", BYD said in a statement to Reuters. Reporting by Zhang Yan and Brenda Goh; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
☆ Putin’s Russia will look more like North Korea
  + stars: | 2022-12-22 | by ( Pierre Briancon | ) www.reuters.com   time to read: +3 min
LONDON, Dec 22 (Reuters Breakingviews) - The Western sanctions that followed the invasion of Ukraine have made it impossible for Russia to import what it needs. Foreign investors are staying away, thousands of the country’s elite have emigrated, and the price of its main export has sunk. The great shut-off of its economy will accelerate in 2023, as Moscow moves closer to the North Korean economic model. The invasion of Ukraine has inflicted damage on Russia, which depends heavily on the export of oil and gas. As a result, the Russian economy will take a hit.
0 next >>
Total: 7