Market

S. Korea’s Foreign Reserves Up for 2nd Month Straight in August

South Korea’s foreign reserves increased for the second straight month in August on the back of the increased value of non-US dollar assets and investment gains, central bank data showed Wednesday.

The country’s foreign reserves had come to $415.92 b…

Financial Regulators of S. Korea, Japan Agree to Boost Cooperation

The heads of South Korean and Japanese financial regulators have agreed to boost their cooperation in dealing with growing uncertainties in the global financial market, Seoul’s Financial Services Commission (FSC) said Wednesday.

The agreement was rea…

Gold Steady as US Payrolls Data Grabs Limelight

Gold prices held steady on Wednesday as investors braced for a monthly US payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year.

Spot gold held its ground at $2,493.34 per ounce, after hitting i…