The European central bank will conduct its press conference on January 24 at 15:30 MT time.
South Korea economy goes down in the fourth-quarter
In the last quarter the South Korean economy suddenly dived because struggling car exporters along with industrial output didn’t manage to keep up last quarter's dashing tempo, reporting its worst performance since 2008.
In October, an 10-day Chuseok autumn holiday affected fourth-quarter industrial output. The same is true for a tumble in car exports, which pared the profits from flourishing overseas exports of computer memory chips.
Hyundai Motor as well as its Kia Motors affiliate told that 2017 shipments turned to be a million cars below their 8.25 million objective after struggling with competitiveness and also trade issues.
Aside from that the Bank of Korea told that GDP went down by a seasonally updated 0.2% in the fourth quarter, declining from bumper surge of 1.5% in the third quarter that happened to be the fastest expansion for seven years.
The South Korean economy managed to expand 3% from 2017, stepping down from 3.8% surge in the September quarter.
In December, American home sales slipped to their lowest value for three years…
UK employees’ pay surge reached another 10-year maximum and employment rallied by much more than anticipated for the three months to the end of November due to the fact that the UK labor market was still firm notwithstanding other signs of an economic…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…