In November, American consumer prices didn’t change, although held back by a steep dive in the price of gasoline…
South Korea GDP tacks on at the fastest pace in 7 years
The previous quarter South Korea's economy demonstrated the fastest surge for seven years because global demand for South Korean electronics more than compensated the influence of regional geopolitical strains on trade and also spurred hopes for an imminent interest rate hike.
The country’s GDP edged up 1.4% during the third quarter from last one, as preliminary numbers from the Bank of Korea revealed on Thursday, considerably surpassing the 0.8% forecast in a Reuters poll, marking the greatest leap since a 1.7% rally during the second-quarter of 2010. As a matter of fact, year-on-year surge managed to accelerate to 3.6% in the third quarter from the second quarter’s outcome of 2.7%, also confounding forecasts.
The upbeat numbers show that Asia's number fourth economy has been capable of brushing aside the impact of a diplomatic conflict between South Korea and China over an American missile defense system as well as wider concerns as for North Korean military provocations.
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…