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Fed keeps interest rate steady as Brexit vote looms

WASHINGTON (AFP) -- The Federal Reserve held its key interest rate unchanged Wednesday, in part due to concerns about the disruption Britain‘s looming “Brexit” vote could have on global markets. Whi...

Jun 16, 2016
World Business
Alibaba sees growth rising to 48 percent in first forecast

Alibaba Group Holding Ltd. said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014. The compa...

Jun 14, 2016
World Business
Microsoft shifts to social with huge LinkedIn deal

WASHINGTON (AFP) -- Microsoft on Monday shifted its focus to social networking with a massive $26.2 billion deal for professional social network LinkedIn. With its biggest-ever acquisition and one o...

Jun 14, 2016
World Business
World Bank slashes global growth forecast to 2.4%

WASHINGTON (AFP) -- A worried World Bank slashed its growth forecast for the global economy Tuesday, saying advanced economies are rebounding more slowly than expected and low commodity prices contin...

Jun 8, 2016
World Business
Fed Chair Yellen says poor U.S. jobs report 'concerning'

PHILADELPHIA (AFP) -- Federal Reserve Chair Janet Yellen said Monday the dismal U.S. jobs report for May was "concerning" and "disappointing", but stressed she was still optimistic on the outlook for...

Jun 7, 2016
World Business
ECB holds rates, gives current stimulus time to work

VIENNA (AP) -- The European Central Bank is expected to underline that its current stimulus measures are boosting the economy of the 19 countries that use the euro_ and need time to work before any n...

Jun 2, 2016
World Business
Bullard says world well prepared for U.S. rate hike

The president of the U.S. Federal Reserve Bank of St. Louis hinted at a possible U.S. rate hike in the near future Monday, claiming the world is well prepared for a U.S. rate hike. "My sense is that...

May 30, 2016
World Business
Janet Yellen says Fed could raise rates in coming months

Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the e...

May 28, 2016
World Business
China weakens yuan fixing to lowest since 2011

China’s central bank weakened its currency fixing to the lowest since March 2011 as the dollar strengthened. The reference rate was lowered by 0.3 percent to 6.5693 per dollar. A gauge of the dollar...

May 25, 2016
World Business
China criticizes U.S. steel anti-dumping measures

BEIJING (AP) -- China has criticized U.S. anti-dumping penalties imposed on Chinese steel amid mounting complaints Beijing is exporting at improperly low prices to clear a backlog at home. The Comme...

May 19, 2016
World Business
Fed: June hike likely if economy picks up

WASHINGTON (AP) -- Catching many investors off guard, the Federal Reserve made clear Wednesday that an interest rate hike in June is likely if the economy keeps improving. The minutes of their most ...

May 19, 2016
World Business
Dollar rallies on US interest rate hike talk

TOKYO (AFP) - The dollar rallied broadly in Asia on Wednesday as a string of US economic data and bullish commentary from two Federal Reserve policymakers spurred talk of a US interest rate hike. Th...

May 18, 2016
World Business
Elephant in room at G7 is sure to be yen

When finance chiefs and central bankers from the Group of Seven countries gather this week at a hot springs resort in northern Japan, the official agenda has them focusing on ways to revitalize globa...

May 18, 2016
World Business
Asian markets mostly higher, Buffett Apple move boosts techs

HONG KONG (AFP) -- Most Asian markets climbed Tuesday, as tech firms were boosted by Warren Buffett's billion-dollar stake in Apple, while energy stocks tracked further gains in oil prices. After la...

May 18, 2016
World Business
Oil at fresh 2016 highs on hopes of supply glut easing

SINGAPORE (AFP) -- Oil rose to fresh 2016 highs in Asia Monday as a slowdown in U.S. drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than ex...

May 16, 2016
World Business

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114