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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
[Newsmaker] Maduro cracks down with emergency decree

Venezuelan President Nicolas Maduro announced a sweeping crackdown Saturday under a new emergency decree, ordering the seizure of paralyzed factories, the arrest of their owners and military exercise...

May 15, 2016
World Business
China’s economy grinds down a gear as heavy industry drags

China's economy resumed its grind toward slower growth in April, weighed by overcapacity industries such as steel and coal. Industrial production climbed 6 percent in April from a year earlier, down...

May 14, 2016
World Business
Japan PM to delay tax hike over economy fears: report

Japanese Prime Minister Shinzo Abe plans to postpone a sales tax hike a second time, judging that boosting the tariff could hurt the world's third-largest economy, a newspaper said Saturday. Abe has...

May 14, 2016
World Business
Fed officials signal markets may be wrong to doubt June hike

Two regional Federal Reserve presidents said that an interest rate increase should be on the table next month, pushing back against market expectations that the U.S. central bank will keep policy on ...

May 4, 2016
World Business
Xi's Silk Road dream hits a speed-bump in Thailand

President Xi Jinping is so devoted to his Silk Road project for China to deepen economic ties across Asia that he recently had top Communist officials attend a "study" session on the millennia-old hi...

May 4, 2016
World Business
Yen rally eases after Tokyo hints at intervention

The yen's soaring rally took a breather in Asian trading Monday after Japanese finance minister Taro Aso warned over the surge, vowing to take action "when necessary". The weekend remarks hinted at ...

May 2, 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