South Korea’s GDP Contraction Sparks Currency Slide
Thursday’s unexpected contraction in the South Korean economy was met by a range of reactions in financial markets, from a flurry of activity in swaps to a mild indifference in equities.
U.S. and Japanese negotiators will begin a second round of trade talks in Washington on Thursday as they aim to secure a speedy deal focused on agriculture and vehicles.
Lavish vacation homes are losing their luster in New York’s Hamptons, the beachfront retreat favored by financiers and celebrities.
The Bank of Japan said it would keep interest rates extremely low though at least around spring 2020 while it left its key monetary stimulus settings unchanged. It forecast that it won’t hit its 2 percent inflation target for at least another three years.
An expected extension of Sri Lanka’s lending arrangement with the International Monetary Fund should give a critical cushion to the economy in the aftermath of the Easter Sunday terrorist attacks, a fund official said.