China's bank lending forecast to slow this year

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By Kim Young-gyo HONG KONG, July 8 (Yonhap) -- Chinese banks' loan growth is expected to lose steam this year as the Chinese authorities are pressing them to cut back on lending in a bid to tame in

Imported prices of beef, pork jump in June

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SEOUL, July 8 (Yonhap) -- Prices of imported beef and pork in South Korea jumped in June from a year earlier, adding to growing inflationary pressure in Asia's fourth-largest economy, the customs o

KDIC sells stake in Shinhan Financial

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SEOUL, July 8 (Yonhap) -- South Korea's state-run deposit insurer said Friday it disposed of its remaining stake in Shinhan Financial Group Co., completing the sale of its interest in the country's

Seoul shares down 0.04 pct in late-morning trade

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SEOUL, July 8 (Yonhap) -- South Korean stocks traded 0.04 percent lower late Friday morning as declines in banks and telecommunication shares overshadowed optimism about the global recovery, analys

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