The Korea Herald

Economies around the world growing more slowly

May 27, 2011

WASHINGTON (AP) ― From the United States to Europe and even to booming China, the global economy is showing signs of strain. Most major economies are expected to keep growing. But evidence is mounti...
Crisis, stagflation stalk global recovery: OECD

May 26, 2011

OECD sees world growth of 4.2%, urges Fed to raise rates PARIS (AFP) ― Crisis still stalks the global economy with stagflation lurking and Japan set for recession this year despite moderate overall ...
Greece’s return to bond markets in 2012 unlikely

May 23, 2011

EU head calls for independent privatization body to tackle debt BERLIN (AP) ― Greece’s prime minister admitted for the first that his country might not be able to tap the markets for its borrowing n...
Europe, emerging powers face off over IMF job

May 20, 2011

BRUSSELS (AFP) ― Europe fought to retain leadership of the IMF on Thursday to help tackle its debt crisis as emerging nations launched a sharp counter-attack, saying it was time rising economies took...
U.S. considers tighter credit as economy improves

May 19, 2011

Fed minutes reveal debate in April how to tighten credit if inflation persists WASHINGTON (AP) ― The Federal Reserve said last month that the economy is gradually improving and began discussing how ...
EU mulls ‘soft restructuring’ for Greece

May 18, 2011

BRUSSELS (AFP) ― Senior EU officials on Tuesday raised the possibility of a limited but controversial restructuring of Greece’s mountain of debt which could involve private sector creditors taking so...
Dollar drop? You ain’t seen nothing yet if yuan jumps

May 18, 2011
U.S. economic data suggests bad patch lingering

May 18, 2011
ITC rules in favor of Whirlpool on antidumping petitions against Samsung, LG

May 14, 2011

WASHINGTON, May 13 (Yonhap) -- A U.S. trade panel Friday ruled in favor of Whirlpool Corp. in its antidumping petitions against South Korean rivals Samsung Electronics and LG Electronics for their al...
Supply problems, shadow of recall plague Toyota

May 12, 2011

DETROIT (AP) ― Toyota should have owned the road this summer. When gas prices go up, American drivers go for smaller, fuel-efficient cars. The last time prices at the pump spiked in 2008, Toyota capt...
Good jobs, bad jobs, but not enough of either

May 8, 2011
Rise in layoffs, gas prices cloud hiring outlook

May 6, 2011

Rapid spike in layoffs heightens concerns that pricier gas is slowing U.S. economy WASHINGTON (AP) ― A renewed rise in layoffs is the latest sign that higher fuel prices may be slowing the economy. ...
Sony was victim of sophisticated cyber-attack

May 5, 2011

WASHINGTON (AP) ― The data breach that hit Sony’s PlayStation Network resulted from a “very carefully planned, very professional, highly sophisticated criminal cyber-attack designed to steal personal...
Up is only way to go for chip makers

May 5, 2011

Intel claims computing breakthrough with three-dimensional chips SAN FRANCISCO (AP) ― In the race to build a faster computer chip, there is literally nowhere to go but up. Today’s chip surfaces are ...
Portugal reaches bailout deal with EU

May 4, 2011

Officials say bailout to be worth $115 billion over 3-year period LISBON, Portugal (AP) ― Hard-up Portugal has negotiated an international bailout worth 78 billion euro ($115 billion) over a three-y...