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Business & Finance

South Korea GDP misses estimates as weak consumption, construction sector drive growth to 6-quarter low

The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s fourth-quarter GDP missed estimates Thursday, with weakness in consumption and the construction sector driving growth to a six-quarter low of 1.2%, year on year. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared […]

Business & Finance

UK ‘not part of the problem’ when it comes to U.S. trade, Britain’s finance minister says

British Chancellor of the Exchequer Rachel Reeves listens during the 11th China-UK Economic And Financial Dialogue on January 11, 2025 in Beijing, China. Pool | Getty Images News | Getty Images The U.K. is “not part of the problem” when it comes to “persistent” trade deficits that President Donald Trump wants to tackle, the country’s […]

Business & Finance

A global bond sell-off is deepening as investors pare Fed rate cut expectations

The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields […]