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Moody's cuts China's rating outlook to 'negative'

Moody's Investors Service on Wednesday downgraded the credit-rating outlook of China to "negative" from "stable," citing rising government debts, declining foreign-currency reserves and uncertainty a...

Mar 2, 2016
World Business
London Developers Finding Costliest Apartments Harder to Sell

Derwent London Plc has shelved plans to turn an office building on Savile Row in London’s Mayfair district into 29 luxury apartments after demand was damped when the government raised the sales tax o...

Feb 29, 2016
World Business
G20 nations pledge all tools to lift growth

SHANGHAI (AFP) -- The world‘s 20 top economies will use all policy tools available to lift sluggish global growth, they said Saturday, despite German disquiet over fiscal and monetary stimulus. The ...

Feb 28, 2016
World Business
Russia, Saudis tentatively offer to freeze oil output levels

DUBAI (AP) -- Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that has pushed o...

Feb 17, 2016
World Business
Japan overnight call rate falls to zero as BOJ policy kicks in

As the Bank of Japan began charging interest Tuesday on some deposits it holds, rates in the nation’s overnight interbank market are hovering around zero while banks try to catch up in setting negati...

Feb 16, 2016
World Business
Soaring Tokyo leads Asia rebound, Shanghai down on return

HONG KONG (AFP) -- Japanese investors shrugged off an economic contraction to propel stocks more than 5 percent Monday, leading an Asia recovery after last week's horror show. But Shanghai tumbled o...

Feb 15, 2016
World Business
Japan economy shrinks during Q4

Japan economy shrinks during Q4 TOKYO (AFP) -- Japan’s economy contracted in the last quarter of 2015, official data showed Monday, dealing another blow to Prime Minister Shinzo Abe’s faltering bid ...

Feb 15, 2016
World Business
China exports drop in January

BEIJING (AFP) -- China's exports tumbled 6.6 percent year-on-year to 1.14 trillion yuan ($174 billion) in January, authorities said Monday, as the struggling manufacturing sector remained a drag on t...

Feb 15, 2016
World Business
Tokyo stocks dive more than 5% by break on strong yen

Tokyo stocks dived more than five percent on Friday morning as a strong yen battered exporters, with the market tracking a worldwide sell-off fuelled by worries about the global economy. The benchma...

Feb 12, 2016
World Business
Yen surge sparks central bank intervention talk

Japanese government officials on Friday pledged to take "appropriate measures" as the surging yen fuels speculation that the central bank will intervene in currency markets to arrest its ascent. The...

Feb 12, 2016
World Business
Tokyo stocks down more than 3% by break, extending global slump

TOKYO (AFP) - Tokyo stocks slumped more than three percent Wednesday morning, extending a drop on global markets as a stronger yen hit exporters and falling oil prices reignited worries about the wor...

Feb 3, 2016
World Business
Oil prices could jump 50% by end of 2016

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year. Analysts are projecting prices will climb more than $15...

Feb 3, 2016
World Business
Oil prices rally more than 4%

Oil prices leaped from 12-year lows Thursday, lifted by a swing to optimism on equity markets after steep losses since the beginning of the year. US benchmark West Texas Intermediate for March jumpe...

Jan 22, 2016
World Business
Russia volatility soars as oil below $30 dims investor outlook

The largest exchange-traded fund tracking Russian equities has made the worst start to a year on record with over 50 percent of the stocks the ETF holds losing more than 10 percent so far in 2016. T...

Jan 22, 2016
World Business
Anxiety in the air as Davos World Economic Forum kicks off

DAVOS, Switzerland (AP) -- A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence ...

Jan 20, 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 : Shin Chang Hoon
Tel : 02.727.0114