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S. Korea’s money supply grows for 15th month in August

SEOUL, Oct. 16 (Xinhua) — South Korea’s money supply grew for the 15th consecutive month in August due to robust demand for deposits, central bank data showed Wednesday. The seasonally-adjusted M2, or broad money, gained 0.2 percent to 4,062.6 trillion…

How luxury priced itself out of the market

That luxury goods have a value proposition at all may be news to many. Consumers are quick to decry greedflation when the price of supermarket staples rises faster than the cost of raw materials. But when one is already paying…

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