The Korea Herald

Fitch cuts S. Africa's credit rating to 'junk'

Apr 7, 2017

JOHANNESBURG (AFP) -- Ratings agency Fitch said Friday it had cut South Africa's credit rating to junk status, citing the recent political instability prompted by a controversial cabinet reshuffle. ...
China to create new economic zone outside Beijing

Apr 2, 2017

BEIJING -- China will create a new special economic zone outside Beijing similar to those established in Shenzhen and Shanghai, the government said, in a bid to boost flagging growth and reduce the s...
Stock markets, pound subdued as UK triggers Brexit request

Mar 29, 2017

World stock markets were subdued Wednesday as Britain triggered the start of its exit from the European Union, a formal step that kicks off two years of negotiations that will have wide-ranging conse...
ECB says 'optimistic' for global deal on bank rules

Mar 27, 2017

FRANKFURT (AFP) - Regulators at the European Central Bank said Monday they are "optimistic" that talks on harmonising rules for banks around the world will soon end in a deal. The so-called "Basel I...
European regulators clear Dow Chemical-DuPont merger

Mar 27, 2017

BRUSSELS (AFP) -- The EU on Monday approved a $130 billion mega-merger of US agri-chemicals giants Dow Chemical and DuPont, paving the way for major consolidation in a sensitive sector for farmers an...
Fed rate hike is likely after a robust February jobs report

Mar 11, 2017

WASHINGTON (AP) -- A second straight month of robust hiring pointed on Friday to a US economy healthy enough for the Federal Reserve to raise interest rates next week and to signal the likelihood of ...
Lego stacks up 'supernatural' record sales

Mar 9, 2017

STOCKHOLM -- Lego on Thursday announced record revenues for 2016, but slow profit growth marked the end of years of boost for the inventor of the famous multi-coloured plastic bricks. Revenues jumpe...
IMF's Lagarde 'optimistic' about US economy

Feb 12, 2017

International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. "From ...
Twitter woes deepen as loss widens, user growth sputters

Feb 9, 2017

WASHINGTON (AFP) -- Twitter came under fresh pressure Thursday as the social network reported sluggish revenue and user growth, and widening losses in the past quarter. Pre-market trades showed Twit...
India to remove cash withdrawal limits

Feb 8, 2017

MUMBAI (AFP) -- Limits on cash withdrawals will be removed entirely from March 13, India's central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value...
China reserves edge below $3 tril. as yuan pressure rises

Feb 7, 2017

China’s foreign-currency reserves edged just below $3 trillion in January, falling to the lowest since early 2011 after the yuan capped its steepest annual decline in two decades. Reserves decreased...
Sony halves forecast as yen, movie unit hammer profit

Feb 2, 2017

TOKYO(AFP) -- Sony on Thursday halved its full-year profit forecast as it was battered by a near $1 billion writedown on its movie unit while a strong yen also dug into the Japanese firm's bottom lin...
Global shares fall on uncertainty over US immigration flap

Jan 30, 2017

Shares fell in Europe and Asia on Monday, rattled by weak data and the potential impact of President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. KEEPI...
750,000 still living under militant rule in Iraq's Mosul: UN

Jan 24, 2017

BAGHDAD (AP) -- The U.N. and several aid organizations said Tuesday that an estimated 750,000 civilians are still living under Islamic State rule in the western part of Mosul, the next target of a U....
'Court ruling will not change Brexit timetable'

Jan 24, 2017

LONDON (AFP) -- Britain still intends to start talks on leaving the European Union by the end of March, despite a Supreme Court ruling that the government must first obtain parliamentary approval, Do...