The Korea Herald

U.S. Fed’s stimulus ends with a fizzle

Jul 1, 2011

NEW YORK (AFP) ― The U.S. Federal Reserve wound up its $600-billion “QE2” program to boost the ailing economy with easy liquidity on Thursday, having generated more controversy than jobs and growth. ...
Greece clears final hurdle to get bailout funds

Jul 1, 2011

ATHENS (AP) ― Greece has faced down street violence and strikes for the sake of financial aid it was promised and needs to avoid bankruptcy. Now its fellow European countries will be expected to come...
Greece passes cuts as riots seize capital

Jun 30, 2011

Parliament backs austerity measures, but protests against bill turn violent ATHENS (AP) ― Greece fended off a bankruptcy that threatened to roil global financial markets, approving severe spending c...
Google unveils latest social networking feat

Jun 29, 2011

NEW YORK (AP) ― Online search leader Google Inc. is taking yet another stab at social networking, as it tries to go up against Facebook in this wildly popular and lucrative segment of the Internet. T...
Combative new IMF chief takes on new challenge

Jun 29, 2011

PARIS (AP) -- Christine Lagarde has traveled tirelessly to save the euro and blazed a trail for women from Chicago to Paris in halls of power long dominated by men. The French finance minister with ...
Lagarde poised to become next IMF chief

Jun 28, 2011
Australian woman expected to be world’s richest person

Jun 28, 2011

Gina Rinehart Gina Rinehart, Australia’s richest person, is also projected to become the wealthiest person in the world, the Telegraph reported. With her fortune doubling to more than $10.8 billion...
Smartphones spur social game boom

Jun 27, 2011

SINGAPORE (AFP) ― More virtual livestock looks set to be traded and petulant fowl hurled at targets as social gaming takes hold in the booming mobile phone market, industry experts say. Social gamin...
Vatican to launch Internet news portal

Jun 26, 2011

VATICAN CITY (AP) ― The Vatican is taking a leap into the world of new media next week with the launch of a news information portal that Pope Benedict XVI himself may put online with a papal click. ...
G20 reach key accord on food speculation

Jun 24, 2011

PARIS (AFP) ― Farm ministers from the world’s top economies agreed on action on Thursday to tame the speculative trading blamed for the food price spikes that have hit consumers’ pockets and sparked ...
U.S. and others plan to tap oil reserves

Jun 24, 2011

NEW YORK (AP) ― The United States and other nations that depend on oil imports will release and sell 60 million barrels of crude from emergency stocks in an effort to ease the strain of high oil pric...
Merkel warns against Greek debt restructuring

Jun 23, 2011

BERLIN (AP) ― A full-scale restructuring of Greek debt would have “completely uncontrollable” effects on financial markets and could threaten other countries’ stability, German Chancellor Angela Merk...
IMF hopes to name new chief by June 30

Jun 21, 2011

Fund interviews Carstens for top job; Lagarde next WASHINGTON (AP) ― The International Monetary Fund said Monday it will interview the two leading candidates for the top job at the 187-nation lendin...
IMF says global recovery at risk

Jun 19, 2011

SAO PAULO (AFP) -- A fragile global economic recovery could falter unless Europe averts sovereign defaults, the United States gets its fiscal house in order and emerging economies prevent overheating...
Juncker warns debt crisis in Greece could be contagious

Jun 19, 2011

BERLIN (AP) ― Contagion from the Greek debt crisis could spread to at least five other European countries ― including Belgium or even Italy ― if it is not cautiously managed, the head of the eurozone...