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South Korea January Current Account Surplus $3.05 Billion
South Korea posted a current account surplus of $3.05 billion in January, the Bank of Korea said on Friday - down from $7.41 billion in December.
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541 days ago
South Korea Has $3.05 Billion Surplus In January
South Korea had a current account surplus of $3.05 billion in January, the Bank of Korea said on Friday - down from $7.41 billion in December.
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541 days ago
South Korea Shares Tipped To Open In The Green
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 30 points or 1.1 percent. The KOSPI now rests just beneath the 2,650-point plateau and it may add to its winnings on Friday.
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541 days ago
Japan Data Due On Friday
Japan is scheduled to release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are January results for household spending, current account and leading and coincident indexes - as well as February figures for bank lending and the eco watchers survey.
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541 days ago
TSX Ends Nearly 1% Up
Canadian stocks moved higher and lifted the benchmark S&P/TSX Composite Index to a fresh one-year high on Wednesday thanks to sustained buying at several counters amid rising optimism about interest rate cuts by major central banks.
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541 days ago
Dollar Extends Losses Against Major Counterparts
The U.S. dollar extended its recent weakness and shed ground against its major counterparts on Thursday amid continued bets the Federal Reserve will cut interest rates this year.
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541 days ago
U.S. Consumer Credit Jumps Much More Than Expected In January
Consumer credit in the U.S. increased by much more than expected in the month of January, according to a report released by the Federal Reserve on Thursday.
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541 days ago
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U.S. Dollar Declines Amid Risk Appetite
The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a downgrade of inflation forecasts by the European Central Bank intensified hopes for a rate cut in June.
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541 days ago
Swiss Market Ends Modestly Higher
After a weak start and a subsequent long spell in negative territory, the Switzerland market recovered and closed modestly higher on Thursday thanks to strong buying at select frontline counters.
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541 days ago
European Stocks Close Higher On Rate Cut Hopes
European stocks closed on a firm note on Thursday as investors reacted positively to the European Central Bank's inflation forecast, and on optimism about interest rate cuts by the Federal Reserve this year.
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541 days ago
Canadian Market Moderately Higher At Noon; Technology Stocks Rally
The Canadian market opened in green Thursday morning, and moved further up north subsequently thanks to strong buying in technology, materials, utilities and consumer staples sectors.
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541 days ago
Jump In Imports Contributes To Wider U.S. Trade Deficit In January
The Commerce Department released a report on Thursday showing the U.S. trade deficit widened in the month of January amid a jump in the value of imports. The report said the trade deficit increased to $67.4 billion in January from a revised $64.2 billion in December. Economists had expected the trade deficit to widen to $63.5 billion from the $62.2 billion originally reported for December.
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541 days ago
U.S. Productivity Jump Unrevised At 3.2% In Q4, Labor Cost Growth Downwardly Revised To 0.4%
Labor productivity in the U.S. saw an unrevised jump in the fourth quarter of 2023, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity shot up by 3.2 percent in the fourth quarter, unchanged from the previous estimate. Economists had expected the surge in productivity to be downwardly revised to 3.1 percent.
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541 days ago
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