The Korea Herald

Behind China's $100 billion shopping spree

Apr 1, 2016

China’s Anbang Insurance Group Co., which has twice sweetened its offer to buy Starwood Hotels & Resorts Worldwide Inc., is engaged in a high-stakes bidding war with Marriott International Inc. to ac...
Cnooc tops Sinopec as China's second biggest oil producer

Mar 30, 2016

Oil’s plunge has reordered the pecking order among China’s biggest explorers. China Petroleum & Chemical Corp.’s move to close some high-cost fields has caused it to slip to number three in oil and ...
Fed

Mar 30, 2016

Yellen confident in U.S. growth but stresses ‘gradual’ rate hikes NEW YORK (AFP) -- Federal Reserve Chair Janet Yellen expressed confidence in U.S. economic growth Tuesday but stuck to a dovish stan...
China to end state corn stockpiling amid glut: Xinhua

Mar 30, 2016

China will end its state corn stockpiling program this year, replacing it with other subsidies, amid surging reserves in the world’s second-biggest grower, the official Xinhua News Agency reported. ...
Japan factory output falls in February at worst pace since 2011

Mar 30, 2016

Japan's factory output plummeted in February at its sharpest pace since the aftermath of the 2011 earthquake and tsunami disaster, government data showed Wednesday, the latest setback to efforts to r...
Brexit will hurt world economy: US Treasury chief

Mar 30, 2016

If Britain exits the European Union it will have a negative impact on the British, European and world economies, US Treasury Secretary Jacob Lew warned Tuesday. Britons are set to vote in a crucial ...
[Newsmaker] FBI hacks iPhone, drops case

Mar 29, 2016

The FBI has unlocked the iPhone used by one of the San Bernardino attackers, officials said Monday, ending a heated legal standoff with Apple that had pitted U.S. authorities against Silicon Valley. ...
China's Anbang trumps Marriott with $15b bid for Starwood

Mar 29, 2016

The fight for Starwood Hotels swung back in favor of China’s Anbang after the insurance company offered $15 billion in a counterpunch to Marriott International. Starwood Hotels & Resorts Worldwide, ...
Global concerns weigh on eurozone recovery: ECB

Mar 24, 2016

Economic recovery in the eurozone is set to continue in the coming months, but not as fast as hoped owing to global uncertainties and slowing growth in emerging economies, the European Central Bank s...
Dollar strengthens against major peers on Fed talk

Mar 24, 2016

The dollar strengthened against its major peers on Thursday as fresh signs emerged that the US Federal Reserve could raise key interest rates as early as next month. Recent statements by several Fed...
Brussels attacks weigh on European markets

Mar 22, 2016

The deadly attacks at Brussels airport and at a subway station at the heart of the city have weighed on European stock markets Tuesday though the scale of the retreat has been fairly muted. Keeping ...
Global stocks fall after blasts in Brussels airport, subway

Mar 22, 2016

Global shares were mostly lower Tuesday, with European shares all in the red in early trading after explosions ripped through the departure hall at Brussels airport and a subway station. Keeping Sco...
Oil above $41 as OPEC predicts 'moderate' rebound

Mar 22, 2016

SINGAPORE (AFP) - Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April. At around 040...
Growth-focused China signals it hasn’t forgotten leverage

Mar 21, 2016

Chinese policy makers underscored their concern about a surge in leverage in the world’s second-largest economy, days after the conclusion of a gathering of the national legislature that showed their...
Japan reports biggest trade surplus in over 4 years in Feb.

Mar 17, 2016

Japan posted its biggest trade surplus in over four years in February, thanks to a strengthening in the yen and weak oil prices, though both imports and exports fell, suggesting persisting slack dema...