SEOUL (Reuters) - South Korea's exports likely extended their downtrend in May for an eighth consecutive month, falling at the sharpest pace in three years, a Reuters survey showed on Tuesday, with economists citing feeble China demand as a risk factor in the year ahead. | 01:02am
The price of gold soared to a record high this week, fueled by a growing preference for safe-haven assets by investors in the face of financial market volatility sparked by the recent global banking turmoil. A gram of gold was priced at 84,980 won ($64.40) on the Korea Exchange (KRX), Wednesday, up 1.86 percent from the previous session. The price of gold hit an intraday high of 85,020 won. Wednesday s price beat the previous record high of 83,490 won set on March 20.
By Jihoon Lee SEOUL (Reuters) - South Korea's exports likely fell in February for a fifth straight month, dragged down by weak China-bound shipments, .
South Korea s exports likely fell in February for a fifth straight month, dragged down by weak China-bound shipments, a Reuters survey showed on Monday, although the pace of the decline would ease
America s Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not y.