Bloomberg South Korea’s central bank cut its economic growth and inflation forecasts and left its key interest rate unchanged as the nation’s export-dependent economy faces rising risks. BOK Governor Lee Ju-yeol said the gross domestic product was now expected to grow 2.5 percent and inflation to register 1.1 percent in 2019. Those marked downgrades from forecasts of 2.6 percent and ...

Bloomberg The Bank of Japan (BOJ) cut bond purchases for the first time in two months, surprising traders as local markets approach a 10-day shutdown for this year’s extended Golden Week holidays. The central bank offered to buy 160 billion yen ($1.4 billion) of securities maturing in the 10-to-25 year zone at regular operation, versus 180 billion yen previously. It ...

Bloomberg Jet Airways India Ltd, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India’s booming aviation sector. Once the nation’s biggest airline by market value, Jet Airways’ shares nosedived by a record 31 percent in Mumbai after saying it would suspend operations on a “temporary” basis as it ran out ...