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South Korean economy likely slowed in Q2 after robust Q1 growth: Reuters poll

South Korean economy likely slowed in Q2 after robust Q1 growth: Reuters poll

By Renusri K BENGALURU, July 21 (Reuters) - South Korea's economy likely grew at a much slower pace in the second quarter compared to the first three months of the year, as robust export growth was offset by weakening domestic demand, a Reuters poll of economists showed.

Asian stocks rise as Mideast mediation takes oil lower

Asian stocks rise as Mideast mediation takes oil lower

By Ankur Banerjee SINGAPORE, July 21 (Reuters) - Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high, while investors braced for a slate of corporate earnings that will test an under pressure AI trade.

Morgan Stanley breaks from the crowd on the U.S. economy

Morgan Stanley breaks from the crowd on the U.S. economy

Bank of America CEO Brian Moynihan turned heads during a NewsNation debate, warning that sticky inflation may leave the Federal Reserve with no choice but to raise interest rates again later this year. Moynihan argued that pipeline costs, energy pressures, and persistent household expenses ...

South Korean industry minister heads to US as tariff decision looms

South Korean industry minister heads to US as tariff decision looms

SEOUL, July 22 (Reuters) - South Korea's Industry Minister Kim Jung-kwan headed to Washington on Wednesday for talks with senior U.S. officials on trade and investment cooperation, as Seoul braces for a U.S. announcement of additional tariffs under Section 301 of the Trade Act.

ECB to pause rate hikes but signal that more may be needed

ECB to pause rate hikes but signal that more may be needed

By Balazs Koranyi and Francesco Canepa FRANKFURT, July 23 (Reuters) - The European Central Bank is all but certain to keep interest rates unchanged on Thursday but will hold the door wide open to another rate hike in September, as a fresh jump in energy prices threatens to put more upward pressure

Asia shares hesitant as oil climbs, earnings loom

Asia shares hesitant as oil climbs, earnings loom

By Wayne Cole SYDNEY, July 20 (Reuters) - Asian share markets were hesitant on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.

Euro zone banks tighten credit access on war fears

Euro zone banks tighten credit access on war fears

FRANKFURT, July 21 (Reuters) - Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday.

Morning Bid: Rising oil, yields rain on AI party

Morning Bid: Rising oil, yields rain on AI party

A look at the day ahead in European and global markets from Wayne Cole. As Spain was hoisting the World Cup, the U.S. military was starting its ninth straight day of attacks on Iran, which in turn was striking targets across the region.

'I couldn't breathe':South Korea's frenzied stock trading exposes margin loan risks

'I couldn't breathe':South Korea's frenzied stock trading exposes margin loan risks

SEOUL, July 20 (Reuters) - Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has enough capital.

Fed rate-hike voices swell before July decision, rates still seen on hold

Fed rate-hike voices swell before July decision, rates still seen on hold

By Ann Saphir July 17 (Reuters) - Cleveland Fed President Beth Hammack on Friday added her voice to a small but growing chorus of policymakers arguing the Fed may need to raise short-term borrowing costs to deal with persistently high inflation, setting up a charged debate at the central bank's July

Korea's Semiconductor Boom Drives Per Capita GDP Near $40,000

Korea's Semiconductor Boom Drives Per Capita GDP Near $40,000

Korea's Semiconductor Boom Drives Per Capita GDP Near $40,000

Morning Bid: The most violent ceasefire

Morning Bid: The most violent ceasefire

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With TV screens dominated by all the hoopla surrounding Spain’s World Cup victory this weekend, some may have failed to notice that the Iran conflict appears to have descended into a full-