The Korea Herald

Trumponomics gets the thumbs down from Nobel-winning economists

Jan 7, 2017

A pack of Nobel Prize-winning economists gave Donald Trump and his policy plans the thumbs-down on Friday, with one saying the president-elect’s programs could lead to a deep recession. Speaking on ...
Apple CEO Tim Cook's pay slumps along with iPhone sales

Jan 7, 2017

SAN FRANCISCO (AP) -- Apple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut. Cook still did extremely well, with a compensation package valued a...
SpaceX ready to launch again

Jan 3, 2017

WASHINGTON (AFP) - SpaceX says it has determined the cause of a launchpad explosion that destroyed a satellite in September and is ready to start launches again as early as Sunday. An unmanned Spac...
China stockmarkets among world's worst in 2016

Dec 30, 2016

SHANGHAI (AFP) -- China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the world this ...
Apple appeals landmark EU tax ruling

Dec 19, 2016

BRUSSELS -- Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law. The European Com...
S. Korea starts 2nd round of FTA talks with Israel

Dec 11, 2016

South Korea has started the second round of free trade talks to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said Sunday. The FTA talks that started in Jerus...
Non-OPEC oil states agree to cuts in 'historic' deal

Dec 11, 2016

Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income. Russia and ...
Eurozone inflation at highest level since April 2014

Nov 30, 2016

BRUSSELS (AFP) -- Eurozone inflation rose to a two-and-a-half-year high in November as Europe inched away from very low consumer prices that have threatened an already fragile economic recovery. The...
OPEC closer to deal to cut oil output, sparking price rally

Nov 30, 2016

VIENNA (AP) -- With Saudi Arabia declaring a "critical day" for OPEC, oil ministers of the cartel moved closer Wednesday to end infighting and reach an agreement to cut output for the first time in e...
ECB Warns of Market Correction as Political Instability Spreads

Nov 24, 2016

FRANKFURT (Bloomberg) -- The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, st...
ADB head says continued engagement in Asia good also for US

Nov 24, 2016

MANILA (AP) -- Continued engagement by the United States with Asia under President-elect Donald Trump would be good for both the region and America, the head of the Asian Development Bank said Thursd...
Time magazine picks 100 most influential photos of all time

Nov 17, 2016

A single drop of milk. A newborn baby. The ravages of war and terrorism. The defiance of those who protest and the fear of those entrapped. All are included in a multimedia project featuring Time ma...
May lays groundwork for post-Brexit India trade deal

Nov 7, 2016

NEW DELHI (AFP) - Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's fast...
OPEC chief says oil cooperation with non-members 'vital'

Nov 7, 2016

ABU DHABI (AFP) - Coordination between members of oil-exporting cartel OPEC and non-member producers is "vital" to rebalance the market, OPEC chief Mohammad Barkindo said Monday. Former OPEC Secreta...
GE, Baker Hughes create powerful new player in energy sector

Oct 31, 2016

General Electric and Baker Hughes are joining their oil and gas businesses to create a powerful player in an energy sector buffeted by years of weak prices. The deal could give the new company, whic...