China's manufacturing growth quickens; HSBC flash PMI at 13-month high
BEIJING (Reuters) - China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of...
View ArticleColombia cuts rates in surprise move as economy slows
By Helen Murphy and Nelson Bocanegra BOGOTA (Reuters) - Colombia unexpectedly cut its key interest rate on Friday to counter a slowdown in Latin America's fourth-largest economy due to global...
View ArticleHSBC China flash PMI at 13-month high as growth quickens
By Lucy Hornby BEIJING (Reuters) - China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that...
View ArticleTotal Household Debt Rises to W937 Trillion
The steep growth in household debt in Korea has slowed somewhat, but the rate of increase still outpaces the growth rate of the...
View ArticleS.Korea end-Q3 household credit growth falls to 3-yr low
Annual growth in South Korea's household credit cooled for a fifth consecutive quarter to its slowest rate in more than three years at the end...
View ArticleDebt Burden Adds to Strengthening Won in Crimping Korea Rebound
South Korean consumers faced with falling home prices and elevated household debt are cutting spending, dragging on demand just as export growth is restrained by gains in the won. Borrowing and credit...
View ArticleS. Korea's household credit hits record high in Q3
SEOUL, Nov. 22 (Xinhua) -- South Korea's household credit hit the record high at the end of September, but its annual growth slowed for the fifth consecutive quarter in the third quarter amid the...
View ArticleSouth Korea government think-tank calls for more policy easing
SEOUL (Reuters) - South Korea needs to ease monetary policy further to support its stubbornly weak economy and help mitigate upward pressure on the won, the country's top government think-tank said on...
View ArticleS. Korean economy expected to grow 3% in 2013: think tank
SEOUL, Nov. 25 (Xinhua) -- South Korean economy is expected to grow 3 percent next year due to gradual improvement in exports and domestic demand, but the growth will be limited amid the expected...
View ArticleS. Korea's FX turnover reduces in Q3 amid falling exports
SEOUL, Nov. 26 (Xinhua) -- Foreign exchange banks in South Korea saw their FX turnover reduce in the third quarter due to a fall in FX forward selling by local exporters amid declining exports,...
View ArticleOver 3 bln debit cards issued in China
BEIJING, Nov. 26 (Xinhua) -- Chinese banks have issued 3.08 billion debit cards by the end of September, a central bank report showed on Monday. A total of 3.4 billion bank...
View ArticleChina factories output hits 13-month high: survey
China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has...
View ArticleSouth Korea November consumer sentiment up slightly
SEOUL (Reuters) - South Korea's key consumer sentiment index for November rose for the first time six months but remained below the neutral point, a central bank survey showed on Monday, adding to...
View ArticleS. Korea's consumer confidence edges up in November
SEOUL, Nov. 26 (Xinhua) -- South Korea's consumer confidence edged up from the 9-month low in November, but the figure stayed in negative terrain amid lingering concerns over economic slowdown,...
View ArticleS. Korean insurers' household loans continue to rise
SEOUL, Nov. 26 (Xinhua) -- Household loans extended by South Korean insurance firms kept their growth trend in September as people continued to increase dependence on insurers for loans following the...
View ArticleS. Korea's industrial lending growth accelerates in Q3
SEOUL, Nov. 26 (Xinhua) -- South Korea's industrial lending growth accelerated in the third quarter from the prior quarter on the back of strong demand from manufacturers, but the annual growth hit...
View ArticleOECD slashes S.Korea's 2013 growth outlook to 3.1 pct
SEOUL, Nov. 27 (Xinhua) -- The Organization for Economic Cooperation and Development (OECD) lowered on Tuesday its 2013 economic growth outlook for South Korea to 3.1 percent from an earlier forecast...
View ArticleS. Korean banks' lending rates hit record low in October
SEOUL, Nov. 27 (Xinhua) -- South Korean banks' lending rates hit the record low last month as market interest rates slid in tandem with the Bank of Korea (BOK)'s monetary easing, central bank data...
View ArticleAmericans continued paring household debt in third quarter
Americans continued cutting back on household debt in the third quarter of the year as declining mortgage balances outpaced rising student and auto loans, the Federal Reserve Bank of New York said...
View ArticleS. Korea's biz sentiment continues to worsen in November
SEOUL, Nov. 29 (Xinhua) -- South Korea's business sentiment continued to worsen this month due to uncertainty surrounding economic conditions and the local currency's appreciation against the U.S....
View ArticleS.Korea's current account balance stays in black for 9 months
By Yoo Seungki SEOUL, Nov. 28 (Xinhua) -- South Korea's current account balance stayed in the black for 9 months in a row due to faster growth in exports than imports, central bank data showed...
View ArticleAmericans' household debt keeps going down
Americans continued cutting back on household debt in the third quarter of the year as declining mortgage balances outpaced rising student and auto loans, the Federal Reserve Bank of New York said...
View ArticleS. Korean banks' loan delinquency ratio rebounds in Oct.
SEOUL, Nov. 29 (Xinhua) -- South Korean banks' loan delinquency ratio rebounded last month due to a rise in bad loans to some large companies that filed for court receivership, the financial watchdog...
View ArticleUPDATE 1-HSBC China flash PMI at 13-month high as growth quickens
* China HSBC November PMI at 13-month high of 50.4 * First headline reading above 50 since October 2011 * Output sub-index also at 13-month peak of 51.3 * Asian stocks, Aussie dollar firm after data...
View ArticleS. Korea's industrial output contracts amid global economic slump
SEOUL, Nov. 30 (Xinhua) -- South Korea's industrial output contracted 0.5 percent last month from a year earlier, reaffirming the downward trend in production amid lingering concerns over the global...
View ArticleS. Koreans' overseas card spending hits record high in Q3
SEOUL, Nov. 30 (Xinhua) -- South Koreans' overseas card spending hit the record high in the third quarter despite lingering uncertainties surrounding the global economic conditions, central bank data...
View ArticleS.Korea's trade surplus grows to 4.48 bln USD in November
SEOUL, Dec. 1 (Xinhua) -- South Korea's trade surplus reached 4.48 billion U.S. dollars last month due to export expansion that offset a rise in import, a government report showed Saturday. The...
View ArticleSouth Korean economy expected to grow in 2013
Tweet Seoul, Nov 25 (IANS) The South Korean economy is expected to grow three percent next year due to gradual improvement in exports and domestic demand, but the growth will be limited amid the...
View ArticleS.Korea's foreign reserves keep record-breaking trend in Nov.
SEOUL, Dec. 5 (Xinhua) -- South Korea's foreign currency reserves maintained their record-breaking trend for four straight months in November amid the persistent current account surplus, central bank...
View ArticleS.Korea's imported car sales hit new high in Nov.
SEOUL, Dec. 5 (Xinhua) -- Imported car sales in South Korea hit a new monthly high last month due to continued demand for luxury foreign car brands and positive effects from consumption tax cuts, data...
View ArticleS.Korean insurers to face challenges amid prolonged low rate trend
By Yoo Seungki SEOUL, Dec. 5 (Xinhua) -- South Korean insurers will face challenges due to expected worsening of profitability and financial healthiness stemming from the prolonged low growth, low...
View ArticleS. Korea's trade surplus in IT sector hit new high in Nov.
SEOUL, Dec. 5 (Xinhua) -- Trade surplus in the South Korea's information technology (IT) industry hit a new high last month due to solid demand for locally-made handsets and semiconductors, a...
View ArticleS. Korea's Q3 GDP growth revised down to 0.1 pct
SEOUL, Dec. 6 (Xinhua) -- South Korea's gross domestic product (GDP) growth for the third quarter was revised down to 0.1 percent, reaffirming that the export-driven economy was slowing down amid the...
View ArticleS. Korea's consumption, facility investment remains sluggish
SEOUL, Dec. 7 (Xinhua) -- South Korean economy saw its exports and industrial output improved, but the economy's consumption and facility investment remained somewhat sluggish amid lingering...
View ArticleU.S. consumer credit up 6.2% in October
WASHINGTON, Dec. 7 (Xinhua) -- U.S. consumer credit increased at an annual rate of 6.2 percent in October, the U.S. Federal Reserve reported Friday. Total consumer borrowing rose...
View ArticleQ3 2012 Flow of Funds
Commentary and weekly watch by Doug Noland In further proof that I don't pander to readers, I'll dive into the Federal Reserve's Q3 2012 "Flow of Funds" data. For the quarter, the growth in total...
View ArticleGerman trade surplus narrows on weak export rise
BERLIN (Reuters) - Germany's trade surplus narrowed in October to its lowest level in over half a year as exports posted meager growth in the face of weakening demand from the country's recession-hit...
View ArticleUPDATE 2-German trade surplus narrows on weak export rise
* Exports rise meagre 0.3 pct after 2.4 pct decline in prior month * Trade surplus narrows to 15.2 bln euros, lowest since March * German economy expected to contract in fourth quarter * French cbank...
View ArticleS.Korea's auto exports estimated to grow 3.1% in 2013
SEOUL, Dec. 10 (Xinhua) -- South Korea's auto exports were estimated to grow 3.1 percent in 2013 despite lasting instabilities in the global economy that will be offset by positive effects from the...
View ArticleS.Korea needs to foster financial industry as new growth engine
SEOUL, Dec. 10 (Xinhua) -- South Korea needs to foster its financial industry as a new growth engine in a bid to brace for the protracted low growth trend amid lingering uncertainties at home and...
View ArticleIndonesian forex up to 111.29 bln USD: central bank
JAKARTA, Dec. 11 (Xinhua) -- Indonesian central bank's foreign exchange reserve rose to 111.29 billion U.S. dollar at the end of November, from 110.30 billion U.S dollar at the end of October, the...
View ArticleOne-person households in S. Korea surge over past decade
SEOUL, Dec. 11 (Xinhua) -- One-person households in South Korea surged over the past decade, data by the statistical agency showed Tuesday, indicating that stronger demand for smaller types of housing...
View ArticleS Korea's household debts rebound in Oct.
SEOUL, Dec. 11 (Xinhua) -- South Korea's household debts extended by depository corporations rebounded in October due to a rise in home-backed loans stemming from temporary housing-related tax cuts,...
View ArticleUS Household Wealth Rises to Near 2007 High
The net wealth of U.S. households rose in the third quarter to its highest since late 2007, providing a hopeful sign for future consumer spending. Net financial wealth grew $1.72 trillion to $64.77...
View ArticleS. Korea's money supply grows 0.2 pct in October
SEOUL, Dec. 12 (Xinhua) -- South Korea's money supply grew 0.2 percent in October due to an increase in cash flow into money market fund (MMF) accounts that offer high returns amid the low rate trend,...
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