Page 389 - Bkr News Today

Despite a rally in crude oil prices to three-year highs, there is scant evidence that demand in the top importing region of Asia is recovering.

South Korea's central bank kept interest rates steady on Tuesday, taking a breather after its first rate hike in nearly three years in August, but flagged further tightening could come as soon as November to curb rising inflation and household debt.

Asian shares dropped and Treasury yields held firm on Tuesday, as a global energy crunch fuelled inflation fears and concerns about Evergrande's debt problems intensified, clouding investor sentiment before the U.S. corporate earnings season.

A North Korean propaganda website said on Tuesday that the international Netflix hit "Squid Game" exposes the reality of South Korean capitalist culture where "corruption and immoral scoundrels are commonplace".

More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.

As GlaxoSmithKline approaches the end of a two-year journey to spin off its consumer health joint venture with Pfizer, the demerger pathway suddenly looks less certain. Several private equity firms are reportedly sizing up the unit, which could be valued at $54 billion.

Asian shares slipped on Monday as global inflation angst favoured commodities as a hedge over U.S. equities, while rising U.S. bond yields lifted the dollar to two-and-a-half year peaks against the Japanese yen

Interest in learning Korean has spiked since the launch of hit Netflix show "Squid Game", tutoring services reported, underscoring a growing global obsession with South Korean culture from entertainment to beauty products.

Private equity gurus famed big 1980s buyouts exit top posts

World shares edged higher on Monday courtesy of gains in China, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen.