The Korea Herald

Chinese entrepreneurs of Korea?China Young Leaders Association meet former British PM David Cameron

Aug 30, 2017

The former British Prime Minister David Cameron attended an unscheduled meeting with the Korea–China Young Leaders Association’s Chinese entrepreneurs. The meeting took place on July 4 at the Seoul ...
Yellen defends bank regulations passed after 2008 crisis

Aug 26, 2017

JACKSON HOLE, Wyoming -- Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the b...
Alibaba profit nearly doubles on robust revenues

Aug 17, 2017

SHANGHAI -- Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing...
OPEC production rises again to above its output ceiling

Aug 10, 2017

VIENNA (AP) -- Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed would be the upper limit _ and above the estimated level of global demand...
Tensions over North Korea weigh on stocks but boost gold

Aug 9, 2017

LONDON (AP) _ Worries over a potential confrontation between the United States and North Korea weighed heavily on global stock markets on Wednesday but helped boost the price of assets, such as gold ...
Renault signs 660 mln euro deal with Iran

Aug 7, 2017

TEHRAN -- French automaker Renault signed on Monday a long-awaited joint venture deal with Iran worth 660 million euros ($779 million) to build up to 300,000 cars per year. The new deal puts Renault...
In push to get Model 3 to masses, Tesla starts raising cash

Aug 7, 2017

PALO ALTO, Calif. -- Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric car. The company said Monday that it planned to offer senior notes d...
[Graphic News] Xiaomi ranks world's No.1 wearables vendor

Aug 6, 2017

Xiaomi is the world’s largest wearables vendor, exceeding Apple and Fitbit, according to the market researcher Strategy Analytics. Data showed that global wearables shipments rose 8 percent yearly t...
US jobless rate: How much better can it get?

Aug 5, 2017

WASHINGTON (AP) _ A drop in the unemployment rate to a 16-year low raises a tantalizing question about the job market: How much better can it get? Earlier this year, economists worried that the l...
US trade deficit narrowed to $43.6 billion in June

Aug 4, 2017

WASHINGTON (AP) _ The U.S. trade deficit narrowed in June as exports hit the highest level in 2 { years. The Commerce Department says the trade gap slid 5.9 percent in June to $43.6 billion. Expo...
US gains 209K jobs, unemployment rate falls to 4.3 pct

Aug 4, 2017

WASHINGTON (AP) _ U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy‘s vitality as it enters a ninth year of expansion. The Labor Departme...
[Graphic News] Foreign reserves across Asia

Aug 2, 2017

China is the world‘s largest holder of foreign exchange reserves. It has over 2 1/2 times more foreign reserves than the second-largest reserve holder, Japan. The Asian giant has $3.483 trillion in ...
Air France unveils Joon - the 'millenials' airline

Jul 20, 2017

PARIS -- Air France on Thursday unveiled a new lower-cost subsidiary called Joon that will specifically target well-travelled millenials. A new medium-haul service will begin operating from Charles ...
Trian's Peltz seeks a seat on board at Procter & Gamble

Jul 17, 2017

NEW YORK -- Activist investor Nelson Peltz is attempting to secure a seat on the board at Procter & Gamble, seeking faster changes at the consumer products company. Peltz's Trian Fund Management LP,...
EU charges Teva over delaying cheap sleep drug

Jul 17, 2017

European Union regulators on Monday filed antitrust charges against Israeli drug-maker Teva for colluding to delay a cheaper generic version of modafinil, a blockbuster sleep drug. The European Comm...