Sun, 03 Dec 2023

NEW YORK -- The U.S. dollar ended nearly flat in late trading on Wednesday, after the Federal Reserve kept its benchmark lending rate unchanged at a two-decade high, but suggested that at least one more increase is likely this year as inflation remains elevated.

The dollar index, which measures the greenback against six major peers, fell 0.03 percent to 105.1252 in late trading.

As anticipated, the Federal Open Market Committee held its key policy rate on Wednesday at between 5.25 percent and 5.5 percent, the highest in 22 years. (US-Dollar-Interest Rate)

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STOCKHOLM -- The Swedish government's 2024 budget, unveiled on Wednesday, aims to combat high inflation, bolster defense, and improve the judicial system.

"With the highest inflation in 30 years, a recession and a difficult security environment, Sweden is facing a challenging situation," the Ministry of Finance said. (Sweden-Budget-Inflation)

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ATHENS -- Greece's Development Minister Kostas Skrekas announced a set of measures on Wednesday aimed at combating "greedflation," the practice of exploiting inflation to generate excessive profits, the Greek national news agency AMNA reported.

"Although inflation has decreased in recent months, inflationary pressures remain in certain categories of goods and mainly food products. As a result, Greek households are having a hard time," Skrekas told a press briefing in Athens. (Greece-Greedflation-Measures)

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SEOUL -- South Korea's corporate bond sale logged a double-digit growth last month due to the surging bond issuance by financial companies, financial watchdog data showed Thursday.

The issuance of corporate bonds amounted to 19.23 trillion won (11.5 billion U.S. dollars) in August, up 24.6 percent from the previous month, according to the Financial Supervisory Service. (S.Korea-Corporate Bond Sale-Rise)

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