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By Jihoon Lee and Joyce Lee SEOUL (Reuters) -South Korea’s central bank on Thursday held interest rates steady for a fourth straight meeting, as expected, faced with softening but still high inflation and heightened financial uncertainty. The Bank of Korea (BOK) said its seven-member monetary policy board voted to keep the base rate unchanged at 3.50%, as it did in meetings in February, April and May. Domestic markets showed muted […]

SEOUL (Reuters) – South Korea’s central bank held interest rates steady for a fourth meeting on Thursday, as inflation continued to soften toward its target. The Bank of Korea (BOK) announced its seven-member monetary policy board voted to keep its policy rate unchanged at 3.50%, as expected by all 46 economists surveyed by Reuters. The central bank is expected to remain on hold until the end of this year, before […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets could not be in better spirits going into the latest South Korean interest rate decision and Chinese trade data on Thursday, thanks to the dollar’s slump and global market rally on Wednesday sparked by another steep decline in U.S. inflation. The one percentage point fall in June headline […]

(Reuters) – Carlyle Group Inc and Trustar Capital are planning to raise $4 billion from funds including GIC Pte to buy part of their stakes in McDonald’s Corp operations in Hong Kong and mainland China, Bloomberg News reported on Wednesday. The move would provide a partial exit for the buyout firms after they bought the business six years ago, according to the report, citing people familiar with the matter.  (Reporting […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets could not be in better spirits going into the latest South Korean interest rate decision and Chinese trade data on Thursday, thanks to the dollar’s slump and global market rally on Wednesday sparked by another steep decline in U.S. inflation. The one percentage point fall in June headline […]

By Laura Sanicola (Reuters) – Oil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have fewer interest rate hikes in store for the world’s biggest economy. Brent crude futures rose 6 cents to $80.17 per barrel by 0004 GMT and U.S. West Texas Intermediate crude futures were up 4 cents, or $75.79. U.S. data on Wednesday showed consumer […]

SANTIAGO (Reuters) – In the misty forests just outside of Chile’s capital Santiago, a rescued puma stalks the leafy surroundings of the Refugio Animal Cascada, a shelter hoping to rehabilitate and house wildlife affected by the country’s natural disasters. The shelter, first opened two decades ago, has seen a host of new residents this year following a string of recent wildfires, droughts and heavy rains. “We are experiencing a major […]

By Foo Yun Chee BRUSSELS (Reuters) – Facebook owner Meta will contest EU antitrust charges at a closed hearing on Thursday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent a charge sheet to the world’s most popular social network last December, singling out two […]

By Foo Yun Chee BRUSSELS (Reuters) – Facebook owner Meta will contest EU antitrust charges at a closed hearing on Thursday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent a charge sheet to the world’s most popular social network last December, singling out two […]