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SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.

The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.

The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.

In the first eight months of the year, South Korea shipped $99.75 billion worth of IT products, up 34.7 percent from the same period last year.

Brightbridge Wealth Management Headlines: Weaker prices dent S. Korea’s IT exports in Aug.

SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.

The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.

Brightbridge Wealth Management Headlines: Weaker prices dent S. Korea’s IT exports in Aug.

SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.

The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.

The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.

LONDON — NYSE Euronext (NYX.N) posted quarterly operating profit at the top end of expectations with a 13 per cent rise helped by strong information and technology services, an area the US group is now looking to as a growth driver.
The New York exchange, whose $7.4 billion takeover by German peer Deutsche Boerse was scuppered last week, said yesterday fourth-quarter operating income rose to $212 million. “We have only become stronger as a company during this time, as evidenced by the double-digit growth in earnings we recorded in 2011 and our strengthened balance sheet,” chief executive Duncan Niederauer said.
Fourth-quarter revenue rose 2 per cent to $628 million, in line with a forecast for $626.6 million, while net income, adjusted for merger costs, was $128 million, versus a $126.3 million forecast.
The results came a week after European Union anti-trust authorities forced Deutsche Boerse to abandon its planned takeover of NYSE.
Information and technology services, which Niederauer said last week the company would look to for opportunities to grow, saw a bigger boost than NYSE’s more traditional businesses, with revenue up 11 per cent.
NYSE responded to the collapse of the Deutsche Boerse deal by saying it will return $550 million to shareholders through a share repurchase programme and seek to grow its derivatives business.
The group will provide details of a two-year plan to drive higher earnings per share at an investor day ...

Switzerland’s central bank chief was breaking his silence Thursday over a private currency deal that appeared to net his family big profits at a time when he was spearheading efforts to lower the value of the Swiss franc.

In a bid to counter a national uproar, the Swiss National Bank said its President Philipp Hildebrand would hold a news conference in Zurich to discuss “financial transactions and events of recent days.”

A look at economic developments and activity in major stock markets around the world Thursday:

PARIS — The specter of Europe’s debt crisis returned after a brief remission, as bank stocks fell sharply on worries about losses on government debt and a French bond auction drew lackluster demand from investors.