The Korea Herald

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...
Eurozone growth stable as inflation picks up

Oct 31, 2016

Economic growth in the eurozone remained low but stable in the third quarter as inflation rose to a 27-month high amid fears over Brexit and major elections in France and Germany. The Eurostat stati...
[Newsmaker] Tesla surprises with quarterly profit

Oct 27, 2016

Electric car maker Tesla Motors posted its first quarterly profit in three years on Wednesday, giving investors reason to cheer after months of doubt. Tesla's shares have fallen since the summer as ...
[Graphic News] Financial fallout from Note 7 debacle

Oct 17, 2016

Samsung will ship 310 million smartphones this year, down from a forecast of 316 million units, according to new data from research firm TrendForce. Customers will, in turn, move in part to Apple’s i...
Amazon launches full on-demand music streaming service in US

Oct 12, 2016

NEW YORK (AFP) -- Online giant Amazon launched an expanded on-demand music streaming service in the US Wednesday, taking on the likes of Spotify and Apple Music with a cut-price offer for users of it...
Sony tapping virtual reality with PlayStation headset

Oct 12, 2016

TOKYO (AFP) -- Sony is set to launch its new virtual reality headset, joining Facebook, Samsung and Google in a market that analysts say could boost the global gaming sector. The electronics giant -...
[Graphic News] IMF holds Korea’s growth outlook steady at 2.7% for 2016

Oct 5, 2016

The International Monetary Fund kept its economic growth forecast for South Korea this year and next year unchanged in its latest quarterly economic outlook, the Finance Ministry said Tuesday. The a...
US economy grew at 1.4 percent rate in spring

Sept 29, 2016

The US economy expanded at a slightly faster pace in the spring than previously reported, aided by new-found strength in business construction. The Commerce Department said Thursday the gross domest...
[Newsmaker] Musk an innovator wary of humanity’s future

Sept 29, 2016

If the future is an array of possibilities ranging from catastrophic to divine, Elon Musk is working to increase the probability of good things happening. Musk has become one of the United States’ b...
[Newsmaker] Wells Fargo scandal reignites debate about big bank culture

Sept 29, 2016

In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for employees to repo...