The Korea Herald

[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...
World Bank reappoints Kim to second five-year term

Sept 28, 2016

The World Bank unanimously reappointed its Korean-American president, Jim Yong Kim, to a second five-year term on Tuesday. "Executive Directors cited the achievements of Bank Group staff and managem...
Donuts in flight in first U.S.-approved drone delivery

Jul 23, 2016

WASHINGTON (AFP) - With a chicken sandwich, hot coffee and donuts, aviation history was made Friday. These were among the items in the first drone delivery on U.S. soil approved by aviation officia...
China's Wanda to sell contentious Madrid landmark: source

Jul 20, 2016

MADRID -- China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans...
Deutsche Boerse may lower LSE tender threshold

Jul 11, 2016

Deutsche Boerse said it may reduce the threshold for shareholder approval of its London Stock Exchange Group’s acquisition to accommodate index funds. A decision will be reached Monday after parties...
Musk hints at top secret Tesla masterplan

Jul 11, 2016

Tesla Motors CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight. The ...
Osborne visits U.S. to urge investors to ‘stick with’ Britain

Jul 11, 2016

Chancellor of the Exchequer George Osborne heads to Wall Street aiming to shore up investor confidence in the U.K.’s economy and financial markets roiled by the vote to quit the European Union. Leav...
Yen rises to top this week on haven demand as U.S. payrolls loom

Jul 8, 2016

Brexit fallout has given investors plenty of reasons to flock to the yen, making it the best-performing major currency this week. Friday could bring another, as markets brace for a closely watched U....
S&P cuts EU rating as warnings grow on Brexit’s impact

Jul 1, 2016

Ratings agency Standard and Poor‘s cut the credit rating for the European Union by one notch on Thursday saying that the bloc had grown more uncertain after Brexit. “After the decision by the U.K. e...
U.S.-Korea FTA effective in increasing American exports: U.S. report

Jun 30, 2016

The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade de...
[Newsmaker] Anti-EU figurehead Farage vindicated by Brexit vote

Jun 26, 2016

Nigel Farage has devoted his career to campaigning to leave the European Union, a once-impossible seeming goal he has now achieved following a referendum campaign peppered with his signature controve...
EU calls for UK’s early exit

Jun 26, 2016

The European Union wants a quickie divorce, but Britain wants time to think things over. Senior EU politicians demanded Saturday that the U.K. quickly cut its ties with the 28-nation bloc _ a pro...
Brexit divorce 'not amicable' but must be quick: Juncker

Jun 25, 2016

European Commission chief Jean-Claude Juncker said Britain's planned departure from the European Union was "not an amicable divorce" but called for it to be quick. "I do not understand why the Briti...
China-backed AIIB approves first 4 loans worth $509 million

Jun 25, 2016

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved its first four loans worth US$509 million as the bank holds its first annual meeting. Three of the four loans were co-financ...
SoftBank's founder reverses retirement plans, says heir apparent 'victim'

Jun 22, 2016

TOKYO (AFP) -- The boss of SoftBank Group on Wednesday admitted his desire to hang on to power a little longer had pushed away the former Google executive seen as his heir apparent. Masayoshi Son to...