Money supply in South Korea grew more than 7% on-year in June, largely due to a rise in household debt, the central bank said Wednesday.
The nation's "M2" totaled 2,335.5 trillion won about (US$2,135.4 billion) for the month, up 7.2% from a year earlier, according to the Bank of Korea (BOK). It marks a 0.7% rise from May, South Korea'sRead more
Nuclear power capacity grew fast last year, mainly in China, but challenges such as ageing plants and low electricity prices could hobble the sector, the head of the International Energy Agency said.
Global addition to capacity in 2015 hit 10.2 gigawatts, the highest growth in 25 years, the IEA’s Executive Director Fatih Birol told a nuclear conference in Paris.
“WeRead more
China's light industry grew steadily in 2015, with the total profit of major enterprises rising 7.57% year on year to 1.49 trillion yuan (225.75 billion US dollars), official data revealed Wednesday.
Food manufacturing, plastic production and wine-making led the growth, with profits exceeding 180 billion, 130 billion and 100 billion yuan, respectively, according to an annual report released byRead more
The South Korean economy grew only 0.5% in the first quarter of this year.
The Bank of Korea (BOK) said Thursday that the nation's gross domestic production (GDP) stood at 372.4 trillion won, or around 312 billion US dollars, from January to March this year, according to (KBS World) website. The figure is up 0.1% from the previous estimateRead more
Australia's economy grew at a better-than-expected 1.1% in the first quarter of 2016, compared to the previous quarter, boosted by exports and a rise in household spending.
Forecasts were for quarterly growth of around 0.8%, according to the (BBC). On an annual basis the economy expanded 3.1% in the three months to March. Service-based industries also contributed to theRead more
China's consumer price index (CPI), a main gauge of inflation, grew 2.3% year on year in April, flat from the previous two months, new data showed Tuesday.
The growth rate remained at its highest level since July 2014 for a third month, data from the National Bureau of Statistics (NBS) showed. Food prices rose 7.4% year on year, whichRead more
Global airline passenger traffic grew 6.8% in 2015, with the Middle East region growing the fastest, preliminary data released on by the United Nations' civil aviation agency showed.
US carriers were ranked the top three in the world by revenue passenger kilometer, American Airlines Group taking the top position, the International Civil Aviation Organization (ICAO) said in a statement.
Hartsfield-JacksonRead more