S&P's South Korean rating retains

Note: This section contains information in English only.
Source: RTT News
© FP
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.

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Tue, 24 Sep 2013 19:47:06 GMT

China's central bank adds cash to financial system

The People's Bank of China injected cash into the country's financial system in order to increase liquidity as long public holiday is approaching and as demand for short-term funds rises for shopping and travel. The Chinese central bank added CNY 88 billion using 6-day reverse repos, while the interbank market's borrowing costs increased in last few days.

Tue, 24 Sep 2013 19:25:05 GMT

US consumer confidence drops in September

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.

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