Inflation data fuels aggressive Fed rate hike expectations, pessimistic European economic outlook drags down euro
Yonhap News Agency reported on August 18 that South Korea’s external debt rose to a record high, and the ratio of short-term external debt also rose to the highest level in the past 10 years. The Bank of Korea (Central Bank) and the government expressed their opinion that the risk of external debt is generally controllable.
MANILA, Philippines — Inflation rose further to 6.4 percent in July due to higher transportation costs and higher prices of staple food items, according to data provided by the Philippine National Bureau of Statistics on Friday.