The Korea Herald

Obama claims progress in deficit talks

Jul 6, 2011

WASHINGTON (AP) -- President Barack Obama says back-channel talks with congressional leaders last weekend have produced new progress in advance of a White House session Thursday on deficit reduction....
iPhone passes Blackberry in U.S.

Jul 6, 2011

Apple’s iPhone has leapfrogged Research In Motion’s Blackberry to grab fourth-place among handset manufacturers in the United States, tracking firm comScore said Tuesday. The iPhone’s share of U.S. ...
Moody’s warns over China bad debt

Jul 6, 2011

China may have understated the debt burden of local governments by as much as $541.6 billion, and the proportion of bad loans could be higher than previously forecast, ratings agency Moody’s said Tue...
Amazon to acquire U.K. online bookstore

Jul 5, 2011

WASHINGTON (AFP) ― U.S. online retailer Amazon.com announced Monday it will acquire British online bookstore The Book Depository. The cost of the transaction remains undisclosed. The British compan...
China’s ...growth may be slowing down

Jul 4, 2011

China’s non-manufacturing industries expanded at the slowest pace in four months in June, adding to concerns that efforts to tame inflation are curbing growth in the world’s second-biggest economy. ...
Google in talks to buy Hulu: report

Jul 3, 2011

NEW YORK (AFP) ― Google is in preliminary talks to acquire the online video site Hulu, the Los Angeles Times reported on its website Friday, citing anonymous sources familiar with the discussions. H...
Obama: ‘Nothing can be off-limits’ in budget

Jul 3, 2011

WASHINGTON (AP) ― President Barack Obama said Saturday that “nothing can be off-limits” in the budget debate ― even though Republicans have said tax increases are. The president said every tax break ...
Goldman’s central bank connections deepen

Jul 3, 2011

The revolving door between Goldman Sachs Group Inc. and central banks is spinning again. The fifth-biggest U.S. bank by assets said Saturday it hired Bank of England economist Andrew Benito after re...
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...