South Korea’s political turbulence shakes markets but democracy endures
South Korea experienced an unexpected political upheaval as President Yoon Suk Yeol declared martial law in the middle of the night, a dramatic move that was swiftly counteracted by the National Assembly. The situation, which unfolded over just six hours,
Barclays settles $17.7 billion debt sale lawsuit for $19.5 million amid securities fraud claims
Barclays has agreed to pay $19.5 million to settle a securities fraud lawsuit filed by shareholders in Manhattan federal court, over its misstep in selling $17.7 billion more debt than US regulators had authorized. The settlement, which was filed in
Bank of Korea pledges short-term liquidity boost to stabilize FX market amid political turmoil in South Korea
In response to South Korea’s recent political upheaval, the Bank of Korea (BOK) announced on Wednesday its commitment to boost short-term liquidity and stabilize foreign exchange (FX) markets as necessary. The central bank’s proactive measures follow a dramatic sequence of
South Korean political unrest jolts Asian stocks, triggers market volatility
Asian markets were rattled on Wednesday following political upheaval in South Korea, where a brief imposition of martial law created uncertainty across financial markets. The South Korean won saw volatile trading, briefly strengthening on suspected intervention but remaining near its