South Korea’s inflation will exceed President Lee Myung Bak’s target this year and growth will be slower than previously forecast after global demand weakened and energy costs climbed, Finance Ministry forecasts showed today.
BusinessWeek.com — Finance
China ordered lenders to set aside more cash as reserves after inflation accelerated to the fastest pace in almost three years in May and industrial production rose more than estimates.
BusinessWeek.com — Finance
Sales at 10 of Hong Kong’s biggest private residential developments fell 58 percent at the weekend from a week earlier after the government raised minimum down payments and deposits for foreign buyers.
BusinessWeek.com — Finance
Warren Buffett’s annual charity lunch auction raised a record $ 2.63 million on the final day of the weeklong contest after the bidder who’d already won offered more cash to set the mark.
BusinessWeek.com — Finance
The Bank of Korea raised interest rates for a third time this year to rein in inflation that has exceeded its target range and curb record household debt.
BusinessWeek.com — Finance
Brazil’s central bank raised its benchmark interest rate for a fourth straight meeting today after consumer prices exceeded the upper limit of its target range for the first time since 2005.
BusinessWeek.com — Finance
Colombia’s central bank raised its borrowing costs for a fourth month to cool inflationary pressures as bank lending and consumer spending fuel faster- than-expected economic growth.
BusinessWeek.com — Finance
Freescale Semiconductor Holdings raised $ 783 million in an initial public offering, 25 percent less than it originally sought, after pricing the shares at the bottom of a reduced range.
BusinessWeek.com — Finance
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