US stock futures steady after Wall St rallies on soft CPI, strong bank earnings
Investing.com– U.S. stock index futures rose slightly on Wednesday evening after mildly softer consumer inflation data and a slew of strong bank earnings sparked strong gains on Wall Street. Investors also welcomed a U.S.-brokered ceasefire deal between Israel and Hamas, which
Bank of Korea unexpectedly holds policy rate amid won slide
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year while supporting the won which weakened to a 15-year low
Bank of Korea keeps interest rates unchanged amid political turmoil
Investing.com– South Korea’s central bank unexpectedly kept interest rates unchanged on Thursday amid heightened political uncertainty in the country after the recent arrest of impeached President Yung Suk Yeol. The Bank of Korea left its benchmark rate at 3%, compared to
Apple smartphone shipments from China fell 25% in Q4, Canalys says
BEIJING (Reuters) – Apple (NASDAQ:AAPL) smartphone shipments in China fell 25% in the fourth quarter, while Huawei’s rose 24%, data from research firm Canalys showed on Thursday. Apple shipped 13.1 million units versus Huawei’s 12.9 million, the data showed. That give
Yellen says Trump’s plan for new revenue agency won’t save money for taxpayers
By Andrea Shalal NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump’s plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money. Yellen,