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SEOUL, Nov. 15 (Xinhua) -- An earthquake of 5.5-magnitude struck an area in southeastern South Korea, the country's meteorological agency said Wednesday.
The tremor occurred in an area six km north of the southeastern coastal city of Pohang in North Gyeongsang province at about 2:29 p.m. local time (0529 GMT), according to the Korea Meteorological Administration.
The epicenter was initially determined to be at 36.10 degrees north latitude and 129.37 degrees east longitude.
BEIJING michael kors value spree australia sale , Dec. 14 (Xinhua) -- The central bank's yuan funds outstanding for foreign exchange increased for the third month in a row in November, a sign of eased capital flight pressure.
The funds grew by 2.37 billion yuan (359 million U.S. dollars) in November, compared with an increase of 2.1 billion yuan in October, according to the data from the People's Bank of China Thursday.
As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country michael kors value spree sale , adding funds to the money market.
Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity. An increase in the funds usually signals eased capital flight pressure, while a decrease often means higher capital flight pressure.
Analysts partly attributed the increase in November to a stronger yuan that discouraged capital outflow. The value of the Chinese currency rallied due to a weaker U.S. dollar and the firming-up of the Chinese economy.
Capital flight was seen as a major risk for China early this year. A faltering U.S. dollar and a stronger Chinese economy helped the yuan stage a turnaround, bolstering confidence in the economy.
Measured by the central parity rate, the yuan has appreciated more than 4 percent against the dollar this year.
The rise of the funds was in line with the upward trend of foreign exchange reserves, which rose for the 10th month in a row to over 3.1 trillion U.S. dollars at the end of November michael kors jet set tote australia , according to the central bank.
NEW YORK, Aug. 11 (Xinhua) -- U.S. stocks opened higher on Friday after investors were digesting soft inflation data from the country.
Shortly after the opening bell, the Dow Jones Industrial Average added 37.52 points, or 0.17 percent, to 21 michael kors totes australia ,881.53. The S&P 500 rose 2.32 points, or 0.10 percent, to 2,440.53. The Nasdaq Composite Index was up 9.75 points, or 0.16 percent michael kors shoulder bag australia , to 6,226.62.
The Consumer Price Index for All Urban Consumers rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Labor Department reported Friday, lower than market consensus of a 0.2-percent gain. Over the last 12 months, the all items index rose 1.7 percent.
The soft inflation data dented market expectation for the Federal Reserve to raise interest rates by the end of this year.
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