1.
Drones over U.S. may pose security risks
SEOUL, Dec. 2 (UPI) -- South Korea said its foreign exchange reserves rose to a record $270.9 billion in November, as the weak dollar boosted the value of other currencies.
The country's foreign reserves jumped $6.7 billion in the month, Yonhap reported Wednesday.
"The November reading indicated that the role of foreign exchange reserves as a safety valve has been enhanced," said Bank of Korea official Moon Han-geun.
"There will be no problem in dealing with potential external shocks given the level of the reserves," Han-geun said.
Reserves increased as the Korean won has rebounded against the dollar. Last year, the won fell 25.7 percent against the dollar. This year, it has risen 35 percent against the dollar since March.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
|
LONDON, Feb. 10 (UPI) --
A Boeing C-17 Globemaster will soon come off the assembly line and Britain is purchasing it to increase the country's C-17 fleet to eight aircraft.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
