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China to take up half of global smartphone market

One out of 2 smartphones to be sold in the global market is expected to be made by Chinese companies, posing a serious threat to current market leaders Samsung Electronics and Apple, a report showed ...

Jan 17, 2016
World Business
China's Haier buying GE appliance unit for $5.4 billion

BEIJING -- Haier Group, the world’s biggest home appliance maker, is buying General Electric Co.‘s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition anno...

Jan 15, 2016
World Business
Tokyo stocks plunge by break after Wall St dive

TOKYO (AFP) - Tokyo stocks plunged Thursday morning after a dive on Wall Street while a pick up in the yen took a bite out of exporters like Toyota and factory robotics giant Fanuc. The Japanese mar...

Jan 14, 2016
World Business
China's market turmoil: Worry, but don't panic

NEW YORK (AP) -- There's no reason for panic. Worry, yes, but not panic. That was the opinion of some U.S. investment strategists after another free-fall on China's main stock market reverberated ar...

Jan 8, 2016
World Business
Oil extends losses, nears $33 a barrel

SINGAPORE (AFP) - Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency. At 0230 GMT, US benchmark West Texas In...

Jan 7, 2016
World Business
Chinese stock markets closed after shares fall 7%

SHANGHAI (AFP) - China stock markets closed for the day less than half an hour after opening Thursday when shares fell more than seven percent, triggering an automatic "circuit breaker", after author...

Jan 7, 2016
World Business
Chinese stock markets closed after shares fall

Chinese stock markets closed after shares fall 7% SHANGHAI (AFP) -- Chinese authorities for the first time closed the Shanghai and Shenzhen stock exchanges early under a “circuit breaker” mechanism ...

Jan 4, 2016
World Business
China manufacturing picks up but activity still shrinking: data

A gauge of Chinese factory activity ticked up slightly in December but continued to indicate contraction for a fifth straight month, official data showed Friday, underlining weakness in the world's s...

Jan 1, 2016
World Business
Sun King Li Sees $14.6 Billion Vanish Amid Wild Ride for Hanergy

This year’s wild ride for Hanergy Thin Film Power Group Ltd. ends with the solar equipment maker a shadow of its former self, about $14.6 billion in paper losses for its chairman, the departure of ke...

Dec 30, 2015
World Business
Four more years of cheap oil: OPEC

VIENNA (AFP) - The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesda...

Dec 24, 2015
World Business
Cordon Bleu culinary schools to close in U.S.

NEW YORK -- The Cordon Bleu culinary school will close its 16 campuses in the United States after failed attempts to find the right buyer, the company that operates the locations said. Created in 18...

Dec 18, 2015
World Business
BOJ tweaks stimulus to encourage corporate spending, hiring

The Bank of Japan tweaked its lavish stimulus program Friday in a well-timed move that spotlights pressures on companies to do more to support growth by raising wages and investing in factories and e...

Dec 18, 2015
World Business
U.S. Fed raises key rates for first time in 9 years

The U.S. Federal Reserve raised key interest rates for the first time in nine years Wednesday, a landmark turnaround that symbolizes the confidence that the world's largest economy has strengthened e...

Dec 17, 2015
World Business
VW: appears only small number of staff behind scandal

Volkswagen believes that only a small number of employees were behind the emissions scandal, but its board chairman said Thursday the company is still investigating and suggested the probe does not e...

Dec 10, 2015
World Business
OPEC set to maintain output levels as oil glut worsens

VIENNA (Reuters) -- OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history. Benchma...

Dec 4, 2015
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