The Korea Herald

[Graphic News] China top Asian country in hydropower production

Jun 11, 2017

Hydroelectric power is China’s largest renewable energy source and its second overall, trailing only coal. The country is adding more new installed hydropower capacity than the rest of the Asia combi...
ECB hints at end to easy money policy

Jun 8, 2017

The European Central Bank on Thursday signalled greater confidence in the eurozone economy, as it took what analysts describe as a tentative step towards an exit from its easy-money policy. Policyma...
Japan’s ultralow jobless rate masks grim reality

May 31, 2017

TOKYO (AFP) -- Japanese employers are scrambling to find staff, unemployment is at its lowest level in more than two decades and the labor market is tighter than it was during Japan’s booming bubble ...
China says considering tighter controls on yuan currency

May 26, 2017

SHANGHAI (AFP) - China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges. The...
US growth in Q1 revised up to 1.2 pct. but still weak

May 26, 2017

WASHINGTON (AP) -- The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 percent ...
With Macron win confirmed, European market rally hits pause

May 8, 2017

LONDON (AP) -- When Emmanuel Macron topped the first round of voting in the French presidential election two weeks ago, French stocks soared to near-decade highs. On Monday, the reaction to his victo...
[Graphic News] Tablet market extends slide as consumer habits shift

May 8, 2017

IDC reported an 8.5 percent drop in global tablet shipments to 36.2 million. This was the 10th straight quarterly decline for tablets. Apple led the market with a 24.6 percent share in the first qua...
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 ...