The Korea Herald

‘Economic impact of BOJ asset buying unclear’

Jul 20, 2011
`Cut cap and balance' debt measure passes House

Jul 20, 2011

WASHINGTON (AP) -- The House of Representatives has passed legislation conditioning a $2.4 trillion increase in the nation's borrowing cap on a tea party-backed plan to require immediate spending cut...
Apple results strong; record iPhone, iPad sales

Jul 20, 2011

NEW YORK (AP) -- The iPhone is conquering Asia, the home of its strongest competitors. Sales there nearly quadrupled from a year ago and helped Apple Inc. trump analyst expectations for yet another q...
Italy financial markets slump on debt fears

Jul 19, 2011

MILAN (AFP) ― Italian financial markets fell sharply on Monday, with investors finding no reassurance in the adoption of a huge austerity budget as the eurozone debt crisis savaged confidence. Milan...
Fears about debt send gold price to record

Jul 19, 2011

NEW YORK (AP) ― Gold’s reputation as a safe place for your money sent it above $1,600 for the first time. Investors are worried about debt problems on both sides of the Atlantic. So they bid gold up...
‘Global consumer confidence at lowest since late 2009’

Jul 18, 2011
What happens to markets if the U.S. defaults?

Jul 18, 2011

NEW YORK (AP) ― Time is running out for Washington to raise the country’s borrowing limit and avoid a default. Wall Street isn’t panicking yet. But if the unthinkable happens, a default could strike ...
Pressure rises for Greek debt buy-back, swap

Jul 18, 2011
Ratings agencies under attack amid debt crisis

Jul 18, 2011

PARIS (AFP) - Ratings agencies are again under attack, with EU leaders objecting that Standard&Poor's, Moody's and Fitch Ratings are an "oligopoly" which issues self-fulfilling prophecies of doom, gr...
S&P warns it may downgrade Fannie, Freddie credit ratings

Jul 17, 2011

WASHINGTON (AP) ― Standard & Poor’s warned mortgage lenders Fannie Me and Freddie Mac on Friday that they may lose their top credit ratings if lawmakers don’t raise the U.S. government’s borrowing li...
Regulators close four small banks in three states

Jul 17, 2011

WASHINGTON (AP) ― Regulators on Friday shut down four small banks in three states, boosting to 55 the number of U.S. bank failures this year. The overall pace of closures, however, has slowed this y...
Eight banks flunk European stress test

Jul 17, 2011

FRANKFURT, Germany (AP) ― Eight of 90 European banks flunked stress tests projecting how they would fare in another recession, and 16 more barely passed ― but analysts doubted Friday’s results would ...
Congress seeks debt solution, Obama goes to public

Jul 17, 2011

On debt crisis, Obama makes direct appeal to U.S. public: ‘We are all in this together’ WASHINGTON (AP) ― President Barack Obama appealed for public support Saturday to push Congress to avert an unp...
Toyota overhauls domestic units to save Japan manufacturing

Jul 14, 2011
Sony preparing new e-book reader

Jul 14, 2011

Sony Corp., Japan’s largest exporter of consumer electronics, plans to introduce a line of upgraded digital book readers in the U.S. by as early as next month to challenge Kindle-maker Amazon.com Inc...