SEOUL, Dec 28 Reuters Taeyoung Engineering Construction, a midsized South Korean builder, said on Thursday it planned to restructure its debt and authorities quickly announced they were working to ensure its troubles did not spill over into financial markets. The country39;s 16th largest builder has 4.58 trillion won 3.6 billion in debt including project financing […]

ISTANBUL, Dec 28 Reuters Turkey39;s largerthanexpected minimum wage hike, which impacts some 7 million workers, is expected to push already elevated inflation even higher in the coming months, economists and sector officials said. Labour Minister Vedat Isikhan said on Wednesday the monthly minimum wage will be 17,002 lira 578 in 2024, a 49 increase from the level […]

NEW YORK, Dec 28 Reuters The number of Americans filing initial claims for unemployment benefits rose last week, indicating the labor market continues to cool in the year39;s fourth quarter. New state unemployment benefit claims rose by 12,000 last week to 218,000, according to the Labor Department. A Reuters poll showed economists expected an increase […]

Dec 28 Reuters The interest rate on the most common type of U.S. home loan fell for a ninth straight week this week to close out the year at their lowest level since May, according to data released Thursday by Freddie Mac. The interest rate on a 30year fixedrate mortgage averaged 6.61 as of Dec. […]