The Standard & Poor's rating of South Korea stayed unchanged on Tuesday mainly due to a favorable policy environment, fiscal and net external creditor position, a report released by the rating agency revealed today. South Korean foreign-currency credit rating maintained at A+/A-1, while local-currency rating retained at AA-/A-1.
Consumer confidence in the US decreased in the month of September due to concerns about the short-term jobs and earnings resurfacing outlook, a report released by the Conference Board showed on Tuesday. The Conference Board's consumer confidence index fell from 81.8 recorded in August to 79.7 the following month, while it was originally expected to fall from 81.5 to 80.0.
The Bloomberg U.S. Dollar Index soared on speculation the Fed officials today will express the policy makers' willingness to still taper.The Bloomberg U.S. Dollar Index gained 0.2% to 1,013.57 as of 7:40 a.m. in New York after rising to 1,014, the highest level since September 18. The greenback advanced 0.1% to $1.3483 per Euro, while being stable 98.79 Yen. The
The Loonie appreciated against most of its major peers as nation's retail sales data topped the expectations in July, indicating that economy is growing. The Canadian Dollar traded at C$1.0287 per greenback as of 8:45 a.m. Toronto time. The Canadian currency touched C$1.0182 per U.S. Dollar last week, the strongest level since June.
Asian shares dropped from the highest level in four months on political situation in Washington over the world's biggest economy's budget and as investors analysed the Fed officials speeches. The MSCI Asia Pacific Index slipped 0.6% to 140.37 at 6:15 p.m. Hong Kong time. Japan's Topix index slid 0.3%, while China's Shanghai Composite Index fell 0.6% today.
Apple Inc. sold nine million new iPhones 5C and 5S during the first weekend of sales, and the number is almost twice bigger than it was during first weekend of iPhone 5 sales. Analysts explain that the record was reached due to Chinese market, where sales began together with European countries and the U.S. At the pre-market in New York
The president of the Federal Reserve Bank of Atlanta David Lockhart thinks that the Central bank has to focus on more dynamic job creation, as economic growth in the country is slowing down. Since June the U.S. economy created, on average, 148,000 jobs per week. Alongside, he supported the Fed decision to keep stimulus at $85 billion per month, as
Greek government is planning to allow foreclosures in the country after five years of ban on them to meet creditors' demands. In 2008 the government forbade banks to take away mortgaged houses from those who could not pay for their debts. Nowadays, at least 29% of Greeks cannot pay for their mortgages and this number is rising every year since
The second largest U.K. political party by number of representatives in the Parliament, Labour, announced on Tuesday at its annual conference that it would freeze the corporation tax cut for the biggest companies to support small businesses. The party expects the increase in budget revenues by 340 million pounds from this measure in the first year after general election that
The International Monetary Fund is planning try to do everything that is needed to support women in getting well-paid and highly qualified job. The IMF will very likely make countries publish data about women participation in labor force. Nowadays, only 50% of women in the world have a job, while in the U.S. 60% of women are paid less than
The European Central Bank is ready to support European banks with more money and can refinance current loans, if the banking system needs it. Mario Draghi, the ECB president, said that it is important to maintain short-term money markets' stability and control inflation. The current excess liquidity in Eurozone's banks approaches 200 billion euro, while this amount is the ECB
Telefonica SA, a Spanish telecommunications provider, confirmed its stake increase in Italian company Telecom Italia SpA. The Spanish company will pay 441 million euros for the deal, or 1.09 euro per share, despite the fact that the Telecom Italia SpA shares are now trading only at 0.59 euros in Milan. After the announcement, Telefonica SA equities are losing 1.6% to
The Australian and New Zealand's currency dropped versus most of its major counterparts on Tuesday as investor's appetite for riskier assets decreased after global stock markets fell. The Australian dollar slipped for the third straight session versus the US Dollar following an increase to the highest level in three months last week, the so-called Kiwi headed for the largest fall
一项最新调查显示，阿根廷消费者购买苹果公司(Apple Inc.) iPad的价格全球最贵，是最便宜的马来西亚的两倍多。目前16GB存储容量、retina显示屏、Wi-Fi版本iPad在阿根廷的售价是1094.11美元，在马来西亚只卖473.77美元。按照价格由低到高排列，前五位依次是马来西亚、加拿大、美国、香港和日本。
European shares were little changed on Tuesday after they dropped two days in row before a report showed that the consumer confidence in the US fell from 81.5 points recorded in August to 80 in September and as investors awaited an outcome of Fed's officials' speech. The Stoxx Europe 600 Index was traded at 312.61 at 8:10 a.m. London time
U.K. opposition Labour party plans to increase the bank levy to make free health care for children more affordable for working families. Currently the bank tax rate is 0.105%, raising 2.5 billion pounds a year, but Labour is going to collect 800 million pounds more. The opposition party has already announced a 27.9 billion more budget spending during the first
Larry Ellison, the CEO of Oracle Corp., decided to refuse his annual bonus for the fiscal year 2013, as the company missed profit estimates. Thus, he will get the $78.4 million annual salary, a decrease of 18% from the previous year. Currently he is ranked eighth richest man is the U.S., as his fortune is estimated at $41.8 billion. Oracle
Angela Merkel won the Sunday-held Bundestag election with 41% of votes and will most probably remain the Chancellor for four more years. Despite that, the Southern Europe did not expect such a result, as they blame Merkel for spending cuts, unemployment and debt crisis. Now they hope for a Merkel coalition with Social Democrats that can change the current crisis
Soybeans dropped for a third day on speculation dry weather conditions in the U.S. Midwest in upcoming days will improve maturing crop and harvest. December delivery corn declined 0.4% to $4.4925 per bushel, while December delivery wheat added 0.2% to $6.475 per bushel. November delivery milling wheat trading on NYSE Liffe Paris lost 0.1% to 185.75 euros per ton.
Experts point out that the U.S. economy is integrating to the global tendencies much faster than it was earlier. Economists say that the new Fed chairman will have to think more globally, determining its monetary policy, as those decisions will indirectly influence the entire world. Moreover, problems outside the country will also have more negative impact on the health of
Stanley Fischer, former governor of the Bank of Israel, expects the Fed to taper some amount of stimulus before the current Fed Chairman Ben Bernanke finishes his term in January of the next year. Meanwhile, he pointed out that the central bank should not cut support by a large amount of money. Last week the Fed decided not to begin
One of the biggest oil and gas producers, French Total SA, announced and confirmed its plan to raise worldwide oil production to 2.6 million barrels per day by 2015 and to 3 million barrels per day by 2017. Moreover, the company is going to start new extraction projects in Kazakhstan, Brazil, Mexico and Iraq. On Monday, Total SA shares in
The Pound advanced after a free-day drop against the Dollar before reports to show increase in economic recovery speed, while house prices and consumer confidence gained. The Sterling added at least 1% against all of its 16 most-traded peers in the last six months. The British currency soared 0.3% to $1.6047 as of 9:06 a.m. in London while climbing 0.3%
The greenback weakened for a second day versus the Japanese Yen before the Fed speeches. The Yen soared versus each of its 16 most-traded peers and gained most in a week versus the common currency. The Dollar dropped 0.4% to 98.98 Yen as of 9:56 a.m. in London after giving away 0.1% on September 20. The Dollar was stable at