3 Stories on Bank of Korea
Asian and Pacific markets were relatively stable Thursday -- a day after major indices declined sharply on fears of the world financial crisis.
The European Central Bank mounted a second day of action to calm panicky credit markets Friday, after Asia central banks joined a global campaign by monetary authorities to inject extra cash into banking systems.
SEOUL (Dow Jones)- The South Korean government will use all possible tools to stabilize the foreign exchange market, said a senior official at the Ministry of Finance and Economy on Friday.
Asian and Pacific markets were relatively stable Thursday -- a day after major indices declined sharply on fears of the world financial crisis.
The European Central Bank mounted a second day of action to calm panicky credit markets Friday, after Asia central banks joined a global campaign by monetary authorities to inject extra cash into banking systems.
SEOUL (Dow Jones)- The South Korean government will use all possible tools to stabilize the foreign exchange market, said a senior official at the Ministry of Finance and Economy on Friday.
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