Korea agrees to IMF bailout with tough reform drive
South Korea and the IMF signed a loan deal pledging to curb chaebol borrowing and force transparent management, marking a shift from growth at any cost toward broader reforms. The package, supported by the US Japan and others, totals over 60 billion and aims to liberalize finance and trade while officials face domestic election constraints.
MENTIONED IN THIS ARTICLE
IMF
Finance and Economy
Lim Chang-yuel
Michel Camdessus
Mexico
South Korea
Local Stocks Early Quotations From AEGON USA Securities
Early quotaben supplied by Alon Investment AEGON USA Securities Inc Marber NASD SIPC.
MENTIONED IN THIS ARTICLE
Alon Investment Aegon USA Securties, Inc
Marber Nasd
SIPC
Opening Stocks Market Shuffle In Early Trade
Stocks show mixed moves with several gains and losses as traders weigh early data. Small gains for consumer products contrast with declines in unseasoned tech issues. Market mood remains cautious amid conflicting signals from global markets.
New home sales slip in October
October new single family home sales fell 1.7 percent to a seasonally adjusted annual rate of 797000, leaving a still historically strong gain versus 1996. Regional drops and a median price of 141500 accompanied a rise in total starts, while economists caution a market cool in 1997.
MENTIONED IN THIS ARTICLE
Washington
Ts of Commerce and Housing and Urban Development
Commerce It
South
Northeast
Midwest
National Association of Realtors
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Seoul, South Korea
Kim Young-sam
Chaebol
United States
Japan
Germany
United Kingdom
Australia
France
Bangkok
U.S
York
NYSE
Kmart
Aled Corporation
Bob Evans
Gaditn
al Cedar Fair
Medhrnic
He Inc. BarkAns
Rvs
Columbia Gas Mau My
CVS Corp. A
MSOWE
Ty Sevty
FirstMerit Bancorp
BorgiAu
Ford Motor
General Motors
Otamans Ah
Ave BF Goodrich
Noxwest
Aero
Eae
Pizers
He Invacare Corp
Rye Ays
LNB Bancorp
Lesco Inc
Mid-Am. Inc
PN. Corp. Os
Wits
Parker Hannifin
RPM Inc. Subonts
Sherwin Willams
Enscos
Sunrise Medical
Vie York International
Lorain
Lorain County
Jewera
Genesis Health Plan
EMH Elyna and Amherst
Community Health Partners
Allen Memoral
Oberlin Clinic
Cleveland Clinic
Genesis
Jeannie Wagner
PMR Oe
Utee
RTE
Feeey
Oberlin
Aere
Jewepa Peo Haphly
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