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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 Korea's Yoon Set to Announce Cabinet Reshuffle -Media
  + stars: | 2023-12-03 | by ( Dec. | At P.M. | ) www.usnews.com   time to read: +1 min
SEOUL (Reuters) - South Korean President Yoon Suk Yeol is likely to announce a major cabinet reshuffle as early as Monday, with as many as 10 ministers including the finance minister set to be replaced, Yonhap news agency reported. The transport and labour ministers may also be changed, Yonhap said, citing unidentified sources. The financial regulator head could also be replaced, the Korea Economic Daily reported on Monday, also citing unidentified sources. Some cabinet members are widely expected to stand down to capitalise on their increased profile to run as political candidates. Yoon does not require parliamentary approval to appoint a finance minister, who also serves as deputy prime minister.
Persons: Yoon Suk, Yonhap, Park, Choo Kyung, Choi Sang, Yoon, Hyunsu Yim, Cynthia Kim, Ed Davies, Christopher Cushing Organizations: Korea Economic, Foreign, Finance, Democratic Party of Korea Locations: SEOUL, Korea, Busan
And these rising stars of the VC world are at the forefront of the trend, with many adopting various wellness routines. Business Insider asked this year's rising stars to name their best wellness hack that keeps them at the top of their game. Find ways to get movingMany rising stars in VC have a relationship with exercise that goes beyond an obligatory hour at the gym or a forced jog around the block. "It's amazing how taking just 10 minutes out of my day helps set the pace and structure for the rest of the day so well," she told Business Insider. she told Business Insider.
Persons: Base10, Justin Williams, Fiona Huang, Huang, Laura Bock, Amanda Herson, Taylor Brandt, Luci Fonseca, It's, Vivien Ho, VCs, journaling, Ashley Paston, Ahmed Mirza, who's, Amber Atherton, Brandon Hoffman, Tobi Coker, Wellington Management's Javier Grevely, Natalie Borowski, I've Organizations: Business, Seae Ventures, Ventures, Headline, Base10 Investors, Meritech, Sunset Ventures Locations: New York, Eastern, Brooklyn
Owen Chow Ka-shing, one of the 47 pro-democracy activists charged with conspiracy to commit subversion under the national security law, arrives at West Kowloon Magistrates' Courts building, in Hong Kong, China November 29, 2021. On the first day of closing submissions, one of the handpicked national security judges, Andrew Chan, said a verdict would "tentatively" come in three to four months, with 10 days set aside for closing submissions. Beijing says the national security law brought stability to the city after monthslong pro-democracy protests in 2019. "Communication with the public is much easier, (it's) easy to manipulate those means in order to endanger national security," he added. Thirty-one of the 47 charged have pleaded guilty - which could qualify them for reduced sentences.
Persons: Owen Chow Ka, Lam, Andrew Chan, Hong, Jonathan Man, Man, Gwyneth Ho, Owen Chow, Gordon Ng, Leung Kwok, Helena Wong, Benny Tai, Joshua Wong, Gerry Doyle Organizations: REUTERS, Hong, Thomson Locations: Kowloon, Hong Kong, China, HONG KONG, United States, Beijing
Those on trial say that plan was simply part of the pluralistic, oppositional politics that has long been permitted in Hong Kong. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. They hail from multiple generations and a wide political spectrum - from moderate democrats to those who advocate for Hong Kong’s self-determination. Known as “Grandma Wong,” the 67-year-old had been a fixture of Hong Kong’s pro-democracy protests. No national security cases in the city have been heard in front of a jury.
Persons: Hong, , Joshua Wong, Benny Tai, Claudia Mo, Alexandra Wong, Grandma Wong, Hong Kong’s, ” Alexandra Wong, Noemi Cassanelli, Gwyneth Ho, Leung Kwok, ISAAC LAWRENCE, John Lee, ” Lee, , Organizations: Hong Kong CNN, Prosecutors, Hong, Kowloon Court, CNN, Getty, Communist Party, city’s, Hong Kong’s Legislative Locations: Hong Kong, Beijing, Hong, Kowloon, Britain, China, AFP, Hong Kong’s
Xaviera Ho, 29, spent years working towards her dream job at JPMorgan. But two years after landing her dream job as an investment analyst, she quit. That was when I realized that I wanted to go to business school and pursue a career in finance. During my four years in business school, I did several finance-related internships, including stints with an investment bank and a hedge fund. The branding, exposure, and networking opportunities that you get from working at a top bank like JPMorgan can be a great booster to your career.
Persons: Xaviera Ho, , Robert Kiyosaki's, Rich Dad Poor, JP Morgan Organizations: JPMorgan, Service, National University of Singapore Business School, JP, JPMorgan Tech Exchange, National University of Singapore Locations: Ho's, Shenzhen, China, Kuala Lumpur, secondments, Vietnam, Seattle
China pledges deeper trade ties with Vietnam
  + stars: | 2023-11-26 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Nov 26 (Reuters) - Chinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China's commerce ministry said. China and the United States have been jostling for influence among Southeast Asian nations including Vietnam, which in September elevated its ties with Washington to a comprehensive strategic partnership, putting its one-time enemy on par with Beijing and Moscow. Chinese Vice Foreign Minister Sun Weidong held "frank and friendly talks" on bilateral ties, land borders and maritime issues with Vietnam's Deputy Foreign Minister Nguyen Minh Vu in Hanoi earlier this month. Wang also met Ho Chi Minh City's Vietnamese Communist Party secretary Nguyen Van Nen on Saturday, the Chinese commerce ministry said. Reporting by Laurie Chen; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Wang Wentao, Pham Minh, Wang, Sun Weidong, Nguyen Minh Vu, Xi Jinping, Ho, Nguyen Van Nen, Laurie Chen, Edmund Klamann Organizations: Commerce, Vietnamese, Beijing, Foreign, Vietnam's, Reuters, Communist Party, Thomson Locations: BEIJING, Vietnam, Ho Chi Minh City, China, United States, Washington, Moscow, Hanoi
China Pledges Deeper Trade Ties With Vietnam
  + stars: | 2023-11-25 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +1 min
BEIJING (Reuters) - Chinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China's commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved "fruitful results" and would include strategic areas such as the digital economy, green development and cross-border e-commerce, according to a readout published late Saturday by the Chinese ministry. China and the United States have been jostling for influence among Southeast Asian nations including Vietnam, which in September elevated its ties with Washington to a comprehensive strategic partnership, putting its one-time enemy on par with Beijing and Moscow. Chinese Vice Foreign Minister Sun Weidong held "frank and friendly talks" on bilateral ties, land borders and maritime issues with Vietnam's Deputy Foreign Minister Nguyen Minh Vu in Hanoi earlier this month. Wang also met Ho Chi Minh City's Vietnamese Communist Party secretary Nguyen Van Nen on Saturday, the Chinese commerce ministry said.
Persons: Wang Wentao, Pham Minh, Wang, Sun Weidong, Nguyen Minh Vu, Xi Jinping, Ho, Nguyen Van Nen, Laurie Chen, Edmund Klamann Organizations: Commerce, Vietnamese, Beijing, Foreign, Vietnam's, Reuters, Communist Party Locations: BEIJING, Vietnam, Ho Chi Minh City, China, United States, Washington, Moscow, Hanoi
In their main habitat the population density of Mexican axolotls (ah-ho-LOH'-tulz) has plummeted 99.5% in under two decades, according to scientists behind the fundraiser. Still, there are not enough resources for thorough research, said Alejandro Calzada, an ecologist surveying less well-known species of axolotls for the government's environment department. A more recent international study found less than a thousand Mexican axolotls left in the wild. In the past, government conservation programs have largely focused on the most popular species: the Mexican axolotl, found in Xochimilco. But other species can be found across the country, from tiny streams in the valley of Mexico to the northern Sonora desert.
Persons: , Alejandro Calzada, Calzada, Luis Zambrano González, Zambrano, Andrés Manuel López Obrador Organizations: MEXICO CITY, Mexico's National Autonomous, National Autonomous, Associated Press Locations: MEXICO, Mexican, Xochimilco, Mexico City, axolotl, Mexico, Sonora, Europe, Australia
A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Singapore will introduce tighter rules for cryptocurrency service providers, following feedback on its proposed regulations, said the city-state's financial authority. "The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm," the Monetary Authority of Singapore said in a statement on Thursday. The measures will include barring crypto service providers in Singapore from accepting locally issued credit card payments, offering incentives to trade in cryptocurrencies and providing financing, margin or leverage transactions for retail customers. "We urge consumers to remain vigilant and exercise utmost caution when dealing in digital payment token services, and to not deal with unregulated entities, including those based overseas."
Persons: Hern Shin Organizations: Monetary Authority, MAS Locations: Sands, Singapore, cryptocurrencies
Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Binance chief Changpeng Zhao will plead guilty to criminal charges and step down as the company's CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the government resolves a multi-year investigation into the world's largest crypto exchange. The Securities and Exchange Commission targeted the company with an expansive lawsuit in June, alleging that Binance was running an illegal securities exchange and mishandling customer funds. To this day, Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year.
Persons: Zhao Changpeng, Changpeng Zhao, Zhao, Brian Tsuchida, Binance, Kraken, Gary Gensler, wasn't, Samuel Lim, , ada, Kevin Breuninger Organizations: Department of Justice, Justice Department, DOJ, Emergency Economic, U.S, CNBC, Securities and Exchange Commission, Commodity Futures Trading Commission, Securities, Exchange Commission, SEC, Binance, Authority Locations: Paris, France, U.S, Seattle, Iran, Cayman Islands
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHave to be 'clever' with product mix to attract Chinese tourist customers: Sa Sa CFOSa Sa International's CFO Danny Ho explains how the beauty product retailer is trying to attract Mainland Chinese customers as they return to Hong Kong with changed spending habits.
Persons: Sa, Sa Sa, Danny Ho Locations: Hong Kong
The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. And after months of rebuilding following an explosive initial launch in April, SpaceX made a second attempt at launching its deep-space rocket system Starship, but not all went according to plan. Defying gravitySpaceX's megarocket Starship launched for a second test flight from Starbase in Boca Chica, Texas on Saturday. The Wonder Theory team is taking some time off for Thanksgiving. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt.
Persons: CNN —, Jasmin Moghbeli, Eric Gay, , , Marina Ascunce, Mertens, Anna Y.Q, Ho, James Webb, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, SpaceX, US Department of Agriculture, Caltech, Cornell University’s College of Arts and Sciences, Telescope, CNN Space, Science Locations: Starbase, Boca Chica , Texas, of Mexico, Americas, Africa, South Africa, Iceland, Grindavík, Japan’s Iwo Jima
Falling prices of commodities like copper and lumber “negatively impacted” Home Depot’s third-quarter earnings, CEO Ted Decker told investors on the company’s earnings call earlier this week. In particular, they're noticing consumers pushing off bigger-ticket purchases like appliances, which have become cheaper compared to a year ago. But the problem with deflation is that when people begin to expect lower prices in the future, they have little incentive to make purchases right now. In China, however, prices across all goods and services were 0.2% lower in October compared to the same month last year. He also warned that US-based Walmarts could enter “a deflationary environment.”Besides eggs, other cheaper goods include airfares, gasoline, appliances and smartphones.
Persons: Cathie Wood, , Ted Decker, Billy Bastek, ” Bastek, Justin Sullivan, Doug McMillon, Preston Caldwell, “ it’s Organizations: New, New York CNN, Tech, ARK Investment Management, Wall Street, Home Depot, Walmart, Morningstar, CNN Locations: New York, United States, China
The event, nicknamed Tasmanian devil, is puzzling scientists who don't know what is causing it. Ho and colleagues' observations suggest the Tasmanian devil released at least 14 irregular and highly energetic bursts, each lasting only a few minutes. This leaves a neutron star or a black hole surrounded by the remnants of a partial star. To produce such brilliant flares, a black hole or neutron star would need a lot of fuel. AdvertisementAnother possibility is that the Tasmanian devil was caused by a star merging with a black hole or a neutron star, said Ho.
Persons: , Anna Ho, LFBOTs, Ashley Chrimes, Chrimes, Ho, We'd, haven't Organizations: Service, NASA, Cornell University, Nature News, European Space Agency
CNN —Space is full of extreme phenomena, but the “Tasmanian devil” may be one of the weirdest and rarest cosmic events ever observed. Astronomers dubbed the celestial object the “Tasmanian devil,” and they observed it exploding repeatedly following its initial detection in September 2022. But the Tasmanian devil is revealing more questions than answers with its unexpected behavior. While LFBOTs are unusual events, the Tasmanian devil is even stranger, causing astronomers to question the processes behind the repetitive explosions. We’d never seen that, period, in astronomy.”To better understand the quick luminosity changes occurring in the Tasmanian devil, Ho and her colleagues reached out to other researchers to compare observations from multiple telescopes.
Persons: supernovas, , , Anna Y.Q, Ho, , Jeff Cooke, ” Ho, We’d, Anna Ho, Jason Koski, ” Cooke, they’ve, Vik Dhillon Organizations: CNN, Cornell University’s College of Arts and Sciences, Australia’s Swinburne University of Technology, ARC Centre, Cornell University Altogether, Telescope, , University of Sheffield Locations: California, United Kingdom
The center’s clinical director, Dr. Emilio Amigo, waved at me once I got inside. Behind a closed door I heard the voices of his clients — autistic young adults from mostly working- and middle-class central Ohio families — boisterously chatting about their Friday night plans. I was there to talk about “How to Dance in Ohio,” a new Broadway musical that features Dr. Amigo and seven of his autistic clients as characters. In a room filled with board games and framed illustrations of rainbow-bright robots, I met Tommy Van Atta. Van Atta, 28, who has the frame of a linebacker, paused for a few seconds, then spoke softly.
Persons: Bob Evans, Emilio Amigo, , Amigo, Alexandra Shiva’s, Max, Tommy Van Atta, Van Atta Organizations: Family, Belasco Locations: Columbus , Ohio, Ohio, Manhattan
U.S. asset manager Fidelity International is highlighting China's looser monetary policy and the government's recent 1 trillion yuan ($137.10 billion) borrowing-and-spending sovereign bond plan as a tailwind for the country's stock markets. London-based £3 billion fund manager Somerset Capital Management likewise finds China exciting. The stock market has yet to recover, but has stabilised. Morgan Stanley estimates long-only foreign investors now have their deepest underweight positions in China and Hong Kong equities in years. Chinese stocks could see a short-term sentiment pick-up given foreign funds have such light positions in the market, said Redmond Wong, Greater China market strategist at Saxo Markets.
Persons: Dado Ruvic, , Marty Dropkin, Mark Williams, Morgan Stanley, Patrick Ghali, Sean Ho, Vivek Tanneeru, Redmond Wong, Summer Zhen, Xie Yu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Fidelity, Asia Pacific, Fidelity International . London, Somerset Capital Management, Nasdaq, Japan’s Nikkei, Sussex Partners, Hong, China, Hang Seng Tech, Monetary Fund, Cambridge Associates, Capital, , Triata, Matthews Asia, Saxo Markets, Thomson Locations: HONG KONG, China, U.S, Asia, Hong Kong, London, Boston, San Francisco, Greater China
SEOUL, Nov 12 (Reuters) - South Korean inflation is likely to ease in November to about 3.6% as prices of agricultural products have started to fall, the finance minister said on Sunday. South Korea's consumer price index stood 3.8% higher in October from a year ago, the fastest inflation rate since March 2023 and above the 3.6% forecast by a Reuters poll. If this is the trend, the inflation rate will be around 3.5% to 3.6%, and this kind of price stabilisation will happen gradually, albeit slowly," Finance Minister Choo Kyung-ho told public broadcaster KBS TV. Consumer inflation accelerated for a third month in October amid higher food costs, keeping policymakers on edge as they are monitoring whether current interest rates are tight enough to bring inflation to heel. Reporting by Ju-min Park and Jihoon Lee; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Choo Kyung, Jihoon Lee, Simon Cameron, Moore Organizations: KBS TV, Thomson Locations: SEOUL
FOR THE PAST SIX YEARS a pair of round, gold glasses has shown me the world. But the lenses have grown so scratched and cloudy that it feels like I’m peering through a fog. Since glasses so prominently guard the windows to our souls, they arguably define our look and vibe more than any other item. Skimp on sweaters and sneakers if you must, but don’t settle for ho-hum frames. New specs “redefine who you are,” said Julie Ragolia, a fashion editor and stylist based between Paris and New York.
Persons: willy, , Julie Ragolia, Organizations: SIX Locations: Paris, New York
Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. Asia offers higher profit margins than other regions, according to Sewing, who took the helm at the lender in 2018. It operates in 15 markets in Asia Pacific and generates about 15% of its global revenue in the region, he said. Sewing said that the demand for advice from clients in Asia Pacific was far higher than two or three years ago. At that time, it announced plans to cut around 18,000 staff worldwide, with teams disbanded and jobs cut in most of its Asia Pacific markets.
Persons: Selena Li, Sewing, Sumeet Chatterjee, Christian Organizations: Deutsche Bank, Reuters, REUTERS, Asia, Deutsche, UBS, Thomson Locations: Hong Kong, China, HONG KONG, Asia Pacific, U.S, Asia, Ho Chi Minh City, Seoul
For example, flight searches more than doubled for several "dupe" destinations internationally, according to Expedia data. watch nowLikewise, flight searches to the island Curaçao, a stand-in for St. Martin, were up 228% in the U.S. and 185% worldwide. "TikTok popularized the idea of dupes … and the concept is increasingly taking off in the world of travel," Expedia said in a report published Wednesday. Internet search traffic in the U.S. for travel dupes spiked throughout 2023, peaking in July, according to Google Trends data. It's more than just the flight priceHowever, Hopper flight data indicates that not all dupes will necessarily pay off for travelers.
Persons: Klaus Vedfelt, Martin, TikTok, dupes …, Expedia, Hayley Berg, Hopper, Ho, Jon Gieselman, dupes, Sara Rathner Organizations: Digitalvision, Getty, Sydney, Expedia Brands, Auckland , New Zealand — Locations: Taipei, Seoul, U.S, Pattaya, Thailand, Bangkok, St, Perth, Australia, Liverpool, England, London, Hanoi, Vietnam, Ho Chi Minh City, Spain, Tenerife, Canary Islands, Barcelona, Phuket, Europe, Sydney, Nadi, Fiji, Auckland , New Zealand
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's slowdown has 'very little implication' on Vietnam's economy, investment management firm saysAndy Ho, chief investment officer of VinaCapital, says Vietnam is on "the safer side," and is benefiting from the U.S.-China trade war.
Persons: Andy Ho, VinaCapital Organizations: U.S . Locations: Vietnam, U.S, China
Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.
Persons: Ben Leong, , Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia
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