• Most Popular
  • Most Shared

S.Korea considers measures to help stock markets

Mon Oct 6, 2008 8:42pm EDT

SEOUL, Oct 7 (Reuters) - South Korean regulators are monitoring equities markets and considering steps to reduce volatility as deepening worries about the global credit crisis sent Seoul shares to a two-year low, a senior official said on Tuesday.

"We will study and unveil additional measures to stabilise stock markets," said Rhee Chang-yong, vice chairman of the Financial Services Commission. (Reporting by Cheon Jong-woo, writing by Rhee So-eui; Editing by Jonathan Hopfner)



More from Reuters

Photo

Strong U.S. retail sales rise boosts recovery hopes

WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in November as consumers stepped up spending on gasoline and a wide range of other goods, data showed on Friday, raising hopes of a self-sustaining economic recovery.

A weary trader rubs his eyes as he pauses outside the New York Stock Exchange following the end of the trading session in New York October 9, 2008. REUTERS/Mike Segar

PIMCO finds its calling

It made a name for itself by investing in bonds, and now PIMCO has landed in a booming $1-trillion business that, put simply, steers clients through "very hard situations."  Full Article 

Kenneth Feinberg, special master of executive compensation in the Troubled Asset Relief Program at the Treasury, speaks in Washington November 2, 2009. REUTERS/Joshua Roberts

Pay cuts, round two

The six firms still under pay czar Ken Feinberg's authority are girding for the impact of the next round of compensation rulings.  Full Article