Business Topics

Dec 14, 2016

South Korea's youth unemployment rate rises to record high

South Korea’s youth unemployment rate rose to a record high in November, following political protests that paralyzed the government and led parliament to vote to impeach the president. The unadjusted jobless rate for people aged 25 to 29 rose to 8.2 percent in November, ...

Dec 12, 2016

Japan's wholesale prices decline for 20th month straight

Wholesale prices dropped 2.2 percent in November as lower oil prices helped drag the downtrend into its 20th consecutive month, Bank of Japan data showed Monday. The result underscores the fact that the central bank faces a difficult challenge in attaining its 2 percent ...

Core private-sector machinery orders rose 4.1% in October

Dec 12, 2016

Core private-sector machinery orders rose 4.1% in October

Core private-sector machinery orders rose a seasonally adjusted 4.1 percent in October from the previous month, lifted by strong growth in the nonmanufacturing sector, the government said Monday in maintaining its basic assessment. The orders, which exclude those for ships and from utilities because ...

Trump to tap Goldman chief Cohn as head of National Economic Council

Dec 10, 2016

Trump to tap Goldman chief Cohn as head of National Economic Council

U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world’s largest economy, a transition official said on Friday. Trump’s pick of Goldman President Gary ...

Dec 8, 2016

Japan logs current account surplus in October for 28th month in a row

Japan posted a current account surplus for the 28th consecutive month in October, helped by cheap oil prices and the yen’s strength, the government said Thursday. The surplus jumped 22.7 percent to ¥1.72 trillion ($15 billion), with the trade surplus increasing. Among key components ...

Japan's third-quarter GDP growth weaker than expected

Dec 8, 2016

Japan's third-quarter GDP growth weaker than expected

Japan’s third-quarter GDP was weaker than expected with a 0.3 percent expansion, revised data showed Thursday, as slack corporate spending held back the world’s No. 3 economy. The latest figures were lower than an initial estimate of 0.5 percent growth in the July to ...