• Reuters

    South Korea rushes to stabilise markets after Yoon's martial law bid

    SEOUL (Reuters) -South Korea's finance ministry said on Wednesday it was ready to deploy "unlimited" liquidity into financial markets after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows. The announcement came after Finance Minister Choi Sang-mok and Bank of Korea Governor Rhee Chang-yong held emergency talks overnight, and as the central bank board abruptly met to approve rescue measures for the local credit market. While financial markets found their footing in Wednesday trade, with the won higher and stocks trimming some losses, investors remain wary about longer-term political stability in South Korea, which has been seeking to make its markets more global.

  • Business Insider

    Russia's sky-high interest rates will struggle to fight inflation in the sanctions-stricken economy, top Russian bank CEO says

    Russia's key interest rate was raised to 21% in October, but that might not be an effective tool in fighting inflation, a top bank chief said.

  • Associated Press

    Kaprizov scores late in OT and NHL-leading Wild rally for 3-2 win over Canucks

    Kirill Kaprizov scored with 23.4 seconds left in overtime and the Minnesota Wild rallied to beat the Vancouver Canucks 3-2 on Tuesday night for their sixth victory in eight games. Frederick Gaudreau and Jake Middleton also scored for Minnesota, and Filip Gustavsson made 30 saves. Brock Boeser nearly won it for Vancouver on a two-on-none break, but his shot was just wide of the right post.