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South Korea’s economy sluggish as trade war weigh on investments
South Korea’s economy grew at a slower pace in the third quarter, making it the smallest expansion since the global financial crisis as trade uncertainties weigh on investment.
Gross domestic product increased 0.4% from the previous quarter, the Bank of Korea said in a statement, compared with an estimate by economists of 0.5%. From a year earlier, the economy expanded 2% according to a Bloomberg survey.
While exports rose in the quarter, the extended run of export weakness and doubts about the strength of overall growth are weighing on investment. Concerns over weakening investment provide another reason for its government and central bank to continue bolstering support for their economy.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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