Fresh stimulus for South Korean economy

Note: This section contains information in English only.
Source: BBC
South Korea has unveiled its second stimulus plan in four days, in order to revive nation's economy. Today's announcement involves plans for the central bank to inject 1.5tn won ($1.3bn) into the banking sector, which will be used to provide low interest loans to small businesses. In the meanwhile, the Bank of Korea's held its base rate steady at 3.00%, while analysts had predicted a cut to 2.75%.
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Thu, 13 Sep 2012 17:01:51 GMT

Japanese stocks rose ahead of the FOMC press conference

Japanese equities moved higher ahead of the FOMC meeting results. Persistent speculation that the POBC will loosen its prudent monetary policy also supported Japan's stocks. The Nikkei 225 Index moved higher by 0.39% to trade at 8,995.15. Eight out of ten sectors included in the index soared. Utilities and industrials were the top-performers, climbing by 1.23% and 1.15%. Chubu Electric

Thu, 13 Sep 2012 15:44:55 GMT

U.S. PPI rose more than expected in August

According to the Labor Department, the Producer Price Index rose 1.7% in August,above estimates for a 1.4% increase, as energy prices soared 6.4%. On a yearly basis, the producer price index rose at an annualized rate of 2.0% last month, above expectations for a gain of 1.4%. The core PPI added 0.2% in August, meeting analysts' expectations, after jumping 0.4% in July.

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