South Korea’s Inflation Moderates to Lowest in 21 Months


01/05/2012 09:23 AST  Bloomberg

South Korea’s exports declined for a second month in April and inflation cooled, adding pressure on the central bank to hold interest rates next week.

Overseas shipments fell 4.7 percent from a year earlier, after a 1.4 percent decline in March, the Ministry of Knowledge Economy said in a statement today. The median estimate in a Bloomberg News survey of 13 economists was for a 1.1 percent drop. A separate report today showed that inflation moderated to a 21-month low last month.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR
Most Viewed Companies
Ticker Price Volume
GFH 0.21
SECO 14.74 5,260,462
ADIB 6.78 826,911
DARALARKAN 12.5 47,357,023
NBAD 15.05 1,349,794
MASQ 120
BARKA 0.78
Recent News

Trade negotiators struggle ahead of US-Japan summit
Tokyo TALKS between the United States and Japan aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps

Wall Street Weekahead - Spring fever brings hope for US earnings
Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's rece

India’s forex reserves rise to $309.44bn as of April 11
MUMBAI: India's foreign exchange reserves rose to $309.44 billion as of April 11 from $306.65 billion in the week earlier, the Reserve Bank of India said on Friday.

Changes in foreign curr

Japan's consumer inflation set to reach five-year high
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, appear to have risen by the largest amount for 22 years in April after an increase in Japan's sales tax drove up prices, a

Gold Drops on U.S. Economy; Platinum Falls on Labor Talks
Gold futures fell as signs of gains in the U.S. economy eroded demand for the metal. Platinum dropped amid signs of progress in the labor dispute in South Africa, the world’s biggest producer.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?