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South Korea Rate Decision On Tap For Friday

The Bank of Korea will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoK is expected to hike its benchmark lending rate by 25 basis points, from 3.25 percent to 3.50 percent.

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South Korea Export Prices Sink 6.0% In December

Export prices in South Korea tumbled 6.0 percent on month in December, the Bank of Korea said on Friday - after sinking 5.4 percent in November.

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Dollar Loses Ground Against Major Counterparts After Soft Inflation Data

The U.S. dollar drifted lower against its major rivals on Thursday, weighed down by data showing consumer prices saw a drop in December, raising hopes for a slowdown in interest rate hikes from the Federal Reserve.

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Swiss Market Ends Higher For 2nd Straight Day

After holding gains following a firm start Thursday morning, the Switzerland market very nearly dropped into negative territory in late afternoon trade, but recovered swiftly to eventually end the session on a firm note.

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European Stocks Close Higher As U.S. Inflation Data Helps Ease Rate Concerns

European stocks closed higher on Thursday as soft U.S. inflation data helped outweigh concerns about interest rates. Optimism about economic growth following China reopening contributed as well to markets' positive performance.

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Dollar Subdued As U.S. Inflation Slows

The U.S. dollar was lower against its major counterparts in the New York session on Thursday, after a data showed that the nation's consumer prices decreased modestly in December, bolstering hopes for a slowdown in rate hikes from the Federal Reserve.

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Canadian Market Slightly Higher As Energy Stocks Rally

After a positive start and a subsequent fall into negative territory, the Canadian market is modestly higher in late morning trade on Thursday, thanks largely to strong buying in the energy sector.

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U.S. Jobless Claims Unexpectedly Edge Down To Three-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended January 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 205,000, a decrease of 1,000 from the previous week's revised level of 206,000.

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U.S. Annual Consumer Price Growth Slowest Since October 2021

A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December. The Labor Department said its consumer price index edged down by 0.1 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to come in unchanged.

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Starbucks Corporate Employees To Return To Office At Least 3 Days A Week

Starbucks corporate employees are asked to return to the office a minimum of three days a week by the end of January to rebuild and revive the energy of its headquarters and regional offices, CEO Howard Schultz said. In a memo to employees, Schultz wrote that starting January 30, employees within commuting distance need to report to the Seattle headquarters on Tuesdays, Wednesdays and a third day

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