Day: November 28, 2024
Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move
A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move. Economists polled by Reuters had estimated the bank […]
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CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
Stuffing mix for sale for the Thanksgiving holiday in a grocery store in Encinitas, California, on Nov. 24, 2024. Mike Blake | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Asia markets open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets opened mixed on Thursday after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, […]
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