Walmart shopping carts are seen on the parking lot ahead

South Korea’s fourth-quarter GDP growth seen picking up, but full-year pace slowest in a decade: Reuters poll

By Joori Roh SEOUL (Reuters) – South Korea’s economy likely grew faster in the December quarter than in the preceding period, helped by improved domestic consumption after fiscal and monetary stimulus, a Reuters poll showed on Monday. Gross domestic product for the October-December period is expected to have expanded a seasonally adjusted 0.8% from the […]

Mnuchin seeks ‘big number’ for additional coronavirus U.S. stimulus package

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin, speaking to reporters on Monday after a meeting with Senate Republicans, said he was seeking a “big number” for an additional stimulus package intended to prop up the economy amid the coronavirus outbreak, but he did not elaborate. One Senate Republican, Marco Rubio, told reporters that Mnuchin […]

Wall Street set to jump on stimulus, vaccine hopes

(Reuters) – U.S. stock indexes were set to open sharply higher on Monday on optimism fueled by encouraging data from a potential COVID-19 vaccine trial, with investors also counting on more stimulus to rescue the economy from a deep economic slump. Investors have kept a close eye on the vaccine programs of several drugmakers, cheering […]