TOKYO (AP) — Asian stock markets were lackluster Thursday after Wall Street fell and as investors looked ahead to a European Central Bank meeting and U.S. economic data.KEEPING SCORE: Japan’s Nikkei 225 was down 0.2 percent at 15,703.89 while South Korea’s Kospi added 0.2 percent to 2,055.58. Hong Kong’s Hang Seng shed 0.4 percent to 25,229.91. Markets in Southeast Asia […]
Park Geun-hyeSouth Korean President
South Korea’s FSC is considering doubling the daily stock price movement limit to 30% from 15%, which was last set in 1998.
“The issue was officially discussed at a meeting chaired by President Park Geun-hye yesterday as part of measures to further promote Korea’s service industry including financial services sector,” the FSC said in an email.
“The exact timing […]
Data collection and exploitation is a growing phenomenon; in response to industry and grassroots demands the European Commission is today calling on national governments to wake-up to this “big data” revolution.Vice President Neelie Kroes said “It’s about time we focus on the positive aspects of big data. Big data sounds negative and scary, and for the most part it isn’t. […]
Everything is going according to plan. All is well. Pay no attention to the Ukraine, China, Japan (and Fuku), the EU or any other nation that’s apparently on the brink of collapse. None of that news is real. There are plenty of positives out there. Take N. Korea for example. They’ve been successfully test firing missiles and KJU was just […]
Happy Friday, Friends. The Fed’s tapering process has commenced. As would be expected from the FOMC, particularly given its current composition, the step was a modest one, with the only surprise the equal reduction (by $5 billion each, monthly) of purchases in both Treasuries and mortgage-backed securities. The implication is that the Fed believes that the housing market is on […]
Songdo City, Part 1: ‘Nudge’ Paternalism in the Big Data City[Part 1 of the 3-part series on Songdo City, South Korea]The world’s first “smart city” is nearing completion. Called an “aerotropolis” by some, Songdo will be an industry hub for international business travel. A clean-tech Startup City of sustainable urban life. A Korean ‘Big Apple’ imitating the density, structure, and […]
