InfoAnda - South Korea April exports add to economy hopes

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Wendy Williams scores first post-surgery sit-down interview with Aretha Franklin | 22 February 2011
Lennon fans flock to Liverpool for anniversary | 8 December 2010
Historical drama sets box-office record in China | 21 October 2009

Intel launches Atom chips for smart TV and cars | 15 September 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : South Korea April exports add to economy hopes

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: South Korea April exports add to economy hopes Reuters - 2 hours 31 minutes ago * April exports per working day up for 3rd month ADVERTISEMENT * Trade surplus breaks record for 2nd month * Chinese PMI data keeps outlook bright * April consumer inflation hits 14-month low By Yoo Choonsik and Cheon Jong-woo SEOUL, May 1 - South Korean exports in April fell less than expected and export earnings per day rose for the third month in a row, the latest signs that the global economic slump that drove Korea to the edge of recession may be easing. Exports from Asia's fourth-largest economy slid 19.0 percent in April from a year earlier and imports fell 35.6 percent, data showed on Friday. Both falls were smaller than expectations for a 23.2 percent loss in exports and a 36.3 percent fall in imports. The Ministry of Knowledge Economy data also showed export value per working day -- a measure that analysts and government officials use to assess the monthly change in exports -- rose to $1.28 billion in April from $1.17 billion in March. "The monthly growth is pretty impressive because I had expected a decline for April. The data adds to the latest hopeful signals," said Oh Suk-tae, an economist at Citigroup. The rolling three-month growth in exports also surged to a record 44.4 percent in April after snapping a five-month losing streak in March, indicating South Korean shipments were recovering as swiftly as they had collapsed since late 2008. South Korea is the world's first major exporting economy to report trade figures each month and so gives the first clues on the state of global demand. Analysts said continued signs of a recovery in demand from neighbouring China and some indicators showing the recession in the developed world may be easing are supporting the prospects of South Korea and other export-dependent economies. Indeed, stock markets rallied globally on Thursday on the latest such evidence; U.S. GDP data showed a record fall in inventories in the first quarter, a positive for global exporters as it suggests U.S. demand to rebuild stocks. WORLD STOCK MARKETS RALLY Growing optimism about the economy's turnaround has persuaded analysts and investors to bet South Korean interest rates have hit their bottom after an aggressive 325-basis-point rate cut in six steps to a record low of 2.0 percent. But analysts say the Bank of Korea would not rule out another rate cut given that inflation is easing and domestic demand remains fragile. The central bank held the base rate steady for the past two consecutive months and next reviews policy on May 12. Annual inflation in April fell to a 14-month low of 3.6 percent, in line with expectations and down from 3.9 percent in March, data from the National Statistical Office showed on Friday. [ID:nSEV000700] The exports earnings marked a third consecutive monthly gain since they touched $1.0 billion in January. Still, the latest figure of $1.28 billion remains below the near $1.7 billion a month seen before the financial crisis blew up last September. The ministry doesn't release a break-down of the figures by destination until later in May. World stock markets have rallied since early March on hopes the worst global slump in decades is approaching or passing through its trough following concerted stimulus and monetary efforts around the world. The MSCI world stock markets index <.MIWO00000PUS> has jumped 30 percent since early March, while the so-called Wall Street fear gauge <.VIX> has gradually fallen. Chinese industry data on Friday showed the manufacturing sector gained further momentum in April, a positive sign for South Korean exporters. [ID:nPEK279290] South Korea sells more than a fifth of its exports to China, although most of the goods are processed and then re-exported to global markets. The steeper decline in Korea's imports than exports on a combination of weak commodities prices and sluggish domestic demand generated a record $6.02 billion trade surplus for the country, offering some support to the won <KRW=>. The won tumbled more than 20 percent over a two-month period to an 11-year intraday low in early March, but has since recovered most of the losses as global credit markets slowly thawed and as the country's balance of payments improved. After a 5.1 percent slump in gross domestic product in the fourth quarter of 2008, South Korea avoided slipping into recession defined by two consecutive quarters of contraction with a 0.1 percent rise in GDP in the first quarter. [ID:nSEO295868] (Additional reporting by Seo Eun-kyung; Editing by Neil Fullick) Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business AP IMPACT: Recession takes toll on CEO pay in 2008AP - 2 hours 56 minutes ago Japan wary of Chrysler fallout on parts makersAP - 2 hours 58 minutes ago Japan Hot Stocks-Shinko Electric, Nitto Denko, JT, shippersReuters - Friday, May 1 SEC considering change to CEO pay disclosure rulesAP - Friday, May 1 Macquarie sees more acquisition opportunitiesReuters - Friday, May 1 Most Popular – Business Viewed Kenyan women to sex-starve men -- for politics Fertility doctor on brink of cloning human: report Israel deems 'swine flu' kosher after all Britney's ex-manager forced to stay away from star Swine flu spreads economic shivers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 1 May 2009
NATO expels 2 Russian envoys, raps pact on Georgia | International |
Gaza still waiting for pledged aid: U.N. official | International |
Death toll from twin Iraq car bombs rises to 51 | International |
Freed Western aid workers to leave Khartoum Friday | International |
U.S. Navy hands over three dead Somali pirates | International |
Man found guilty of stalking Tyra Banks | Entertainment |
Could Adam Lambert be first gay American Idol? | Entertainment |
Hitler back in Berlin-on stage in Mel Brooks farce | Entertainment |
New film explores legacy of Hitler's top director | Entertainment |
Disney joins Hulu website, takes ownership stake | Entertainment |
U.N. council sees no need to punish Sri Lanka | International |
Iraq's civilian toll rises in April
U.S. wants Cuba to act like slave: Fidel Castro | International |
Iraq to kill 3 wild boars at zoo amid flu fears
U.S. says terrorist violence soared in Pakistan | International |
Clinton says jailed reporter on hunger strike
Watchdog gives World Bank mixed review on health | International |
US House votes credit card curbs
Jewish death camp boxer dead at 86
Chrysler forced into bankruptcy, sees salvation in Fiat
Car driven into Dutch royal parade, kills 5 | International |
ExxonMobil profit plunges 58 percent
Fiji government to extend emergency laws | International |
U.N. extends peacekeepers' mandate in southern Sudan | International |
U.N. council favors informal talks on Western Sahara | International |
Stanford tries to surrender to federal authorities
Thief steals 2 wheels from California AG's car
Justice Souter leaves 'best job' in 'worst city'
SEC considering change to CEO pay disclosure rules
U.S. health data czar sees role for government hand
Source: Liberal-leaning Justice Souter retiring
Disney joins Hulu video site
Not scared of flu yet? Online exhibit may help
New cards explain NYC street stops by police
Oracle to expand Web-based software offerings: source
More schools close, swine flu cases pass 100
Windows 7 to make public debut May 5
Lawyer says $375M loan to ritzy Mont. club legal
Russia takes formal control of Georgia borders
Facebook fights "phishing" scam
Biographical information on David Souter
Press freedom declining around the world: study
Dutch royals escape attack as car slams into festival goers
Disney joins Hulu video site | Technology |
Recent vacancies on US Supreme Court
Spammers flood Internet with trick flu emails: security firm
Dutch royals escape 'attack' as car slams into festival goers
Oracle to expand Web-based software offerings: source | Technology |
Deep cuts in Baltimore Sun newsroom
Not scared of flu yet? Online exhibit may help | Technology |
Motorola rings up more losses
U.S. health data czar sees role for government hand | Technology |
Motorola rings up more losses
NKorea intensifies probe of detained SKorean
Jackie Chan, Yao Ming ambassadors: China
NZ minister self-quarantines amid swine flu scare
NKorea says detained SKorean slandered its system
Hatton and Pacquiao to fight for boxing history
Australia tries to placate China over navy expansion
SKorean ex-leader questioned in corruption probe
WWI Australian, British war dead to be exhumed
Hollywood eyes records as blockbuster season begins
Iranian, U.S. films win top Tribeca festival awards | Entertainment |
Sri Lanka president, rebels vow to fight on
Disney conjures up more Wizards | Entertainment |
Mexico's five-day shutdown to fight flu spread
Carrey eyed for lead in Beaver | Entertainment |
South Korea's April trade surplus hits record
Levinson heads home for Sixty-Six | Entertainment |
South Korea April exports add to economy hopes
SKorea: record trade surplus in April
Canadian actors and producers reach deal | Entertainment |
Breakdancing documentary spins into fiction | Entertainment |
Japanese unemployment hits four year high
Elizabeth Edwards: John's affair made me throw up
Three squeeze into Hot Tub | Entertainment |
Press freedom declining around the world: study
S.Korean Q1 investment plans abroad more than halve
Miss California appears in anti-gay marriage ad | Entertainment |
Japanese consumer prices first fall in 18 months
Iranian, U.S. films win top Tribeca festival awards
China has 'canceled US credit card': lawmaker
Miss California appears in anti-gay marriage ad
Taiwan Semiconductor's Q1 net profit tumbles 94.5%
NBC exec O'Brien, 42, dies on "Parenthood" set
Japan Tobacco to close 3 plants, net profit halves
Redmond O'Neal avoids jail, gets drug court program
Studios delay several big films in Mexico for flu
Disney joins Hulu video site, takes ownership stake
Spike Lee films a game-in-the-life of Kobe Bryant
Actress Julia Ormond returns to spotlight
US, Iraqis differ over deadly raid in Tikrit
Taliban battle Pakistan forces in valley, 60 killed | International |
First Israeli strike in 2 months hits Gaza tunnels
May Day turns violent in Turkey, Germany, Greece | International |
Sam Lutfi Challenges Restraining Order With Appeal Case
U.S. says troops will not face trial over Iraq raid | International |
Tyra Banks' Stalker, Brady Green, Found Guilty
Redmond O'Neal Avoids Jail Sentence Sent Back To Rehab
IDB Mexico loan to tackle swine flu, economy
WITNESS: A fleeting glimpse of Sri Lanka's hidden war zone | International |
Pregnant Kelis Files For Divorce From Rapper Nas
Dutch parade attacker dies as nation in shock | International |
Japanese Singer Cornelius, Rapper Young Jeezy Pull Out Of Concerts Due To Swine Flu Threat
First Israeli strike in 2 months hits Gaza tunnels | International |
Miami Rapper Rick Ross Earns Third #1 Debut On Billboard Albums Chart
Cyclone trauma haunts survivors in Myanmar | International |
Madonna's Adoption Appeal To Be Led By Malawi's Chief Justice
Man detained in Azerbaijan over college shootings | International |
Tyra Banks Takes Witness Stand Against Alleged Stalker
Indonesia says corruption chief a murder suspect | International |
Toni Braxton Suing Insurance Company Over Failure To Pay Canceled Concert
Redmond O'Neal Maintains Innocence In Jailhouse Drug Charge
Forest Service tries to halt spread of bat fungus
BCS warns playoff system threat to bowl games
34 charged in mob-linked gambling ring in NY, NJ
Pentagon uses Facebook, Twitter to spread message
Disney joins Hulu video site | Technology |
A look at potential Obama nominees to high court
Not scared of flu yet? Online exhibit may help | Technology |
Quicken helps budget-minded iPhone owners
Well-known US poet missing on Japanese island
Obama meets Friday with Cabinet
A glance at potential Obama nominees to high court
Hospitals, doctors deal with swine flu jitters
Driver in Dutch royals attack dies: official
May Day protests in Berlin
Hong Kong reports 1st confirmed swine flu in Asia
Special courts to try India's 2002 religious riots
China warns of domestic swine flu infections
Duffy named Britain's first female poet laureate | Entertainment |
At least 18 dead in severe heat wave in India
Pakistan 'kills up to 60 Taliban militants'
Mumbai attack fails to draw people to politics
Pakistan rejects cleric's plea to end offensive
Asian Development Bank set for Bali meeting
Hong Kong workers protest job cuts on Labor Day
Sri Lanka urges civilians to flee war zone
SMFG to buy chunk of Citigroup in Japan for $5.5 bln
Taiwanese protesters scuffle with police
Japan's jobless rate up, household spending down
Pakistan: 55 militants, 2 troops dead in northwest
S.Korean parliament passes tax incentive bill on bonds
Flu forces Bridgestone to idle plants in Mexico
GM says to talk to KDB on GM Daewoo stake
China says manufacturing expanding
Britain gets first woman official poet
Washboard Chaz to open blues tent at NO Jazz Fest
`About Elly,' `Racing Dreams' take Tribeca awards
Duffy named Britain's first female poet laureate
Hindsight: Can we get Fey to change water cooler?
"Angels & Demons" hits screens
Carrey eyed for lead in "Beaver"
Philippines' prized pork sizzles amid flu scare
Breakdancing documentary spins into fiction
Disney conjures up more "Wizards"
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01