The Korea Herald

Oil extends losses, nears $33 a barrel

Jan 7, 2016

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...
Chinese stock markets closed after shares fall 7%

Jan 7, 2016

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...
Chinese stock markets closed after shares fall

Jan 4, 2016

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 ...
China manufacturing picks up but activity still shrinking: data

Jan 1, 2016

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...
Sun King Li Sees $14.6 Billion Vanish Amid Wild Ride for Hanergy

Dec 30, 2015

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...
Four more years of cheap oil: OPEC

Dec 24, 2015

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...
Cordon Bleu culinary schools to close in U.S.

Dec 18, 2015

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...
BOJ tweaks stimulus to encourage corporate spending, hiring

Dec 18, 2015

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...
U.S. Fed raises key rates for first time in 9 years

Dec 17, 2015

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...
VW: appears only small number of staff behind scandal

Dec 10, 2015

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...
OPEC set to maintain output levels as oil glut worsens

Dec 4, 2015

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...
Hungarian PM: Greece does not meet its obligations

Dec 4, 2015

Hungarian Prime Minister Viktor Orban accused Greece Thursday of not fulfilling its obligations as a member of the deal that allows free movement within the European Union. Orban made the comment in...
ECB cuts interest rate, to unveil more stimulus for eurozone

Dec 3, 2015

FRANKFURT, Germany (AP) -- The European Central Bank cut one of its key interest rates and promised to unveil more stimulus measures on Thursday in an attempt to boost lending and help the growth in ...
Google ups ante, nearly doubles bet on renewable energy

Dec 3, 2015

SAN FRANCISCO (AP) -- Google is nearly doubling the amount of renewable energy feeding its massive data centers that enable more than 1 billion people to search for information, watch video clips and...
EU launches probe into McDonald's Luxembourg tax deals

Dec 3, 2015

BRUSSELS (AFP) -- The European Union launched a probe Thursday into US fast food giant McDonald's tax deals with Luxembourg, widening an investigation into alleged tax dodging by major multinationals...