The Korea Herald

IMF to release Greek funds despite EU delay

Jun 17, 2011
Greek riots, political chaos hammer markets

Jun 16, 2011

ATHENS, Greece (AP) -- Greece's prime minister, struggling to ensure Parliamentary approval for a crucial austerity bill, said he would reshuffle his Cabinet and seek a vote of confidence for his new...
Bernanke urges GOP to back higher debt limit

Jun 15, 2011

Fed chief says brinkmanship threatens to backfire and harm the economy WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke on Tuesday urged Republicans to support raising the nation’s borrowing ...
S&P cuts Greece credit rating to lowest

Jun 14, 2011

ATHENS, Greece (AP) -- Standard & Poor's cut Greece's credit rating deeper into junk territory Monday, saying the country is likely to default on its massive debts at least once by 2013 -- a decision...
Hackers nab card data from Citi customers

Jun 10, 2011

NEW YORK (AP) ― Citigroup Inc. has become the latest victim in a string of high-profile data thefts by hackers targeting some of the world’s best-known companies. The New York bank said Thursday tha...
ECB’s Trichet signals rate increase in July

Jun 10, 2011

FRANKFURT, Germany (AP) ― The head of the European Central Bank signaled another likely interest rate hike in July, warning that higher oil and commodity prices must not be allowed to fuel an inflati...
More ads hit online TV as Web audiences grow

Jun 9, 2011

Television networks gradually show more commercials online as viewer habits change LOS ANGELES (AP) ― One of the rewards of watching TV online is not having to sit through as many commercials. Now t...
Lagarde: Pleased with China talks

Jun 9, 2011

BEIJING (AP) ― French Finance Minister Christine Lagarde said Thursday she is “very positive” after talks with Chinese officials about her candidacy to head the International Monetary Fund and said B...
Taxpayer loss on auto bailout narrows

Jun 2, 2011

White House touts value of emergency loans to GM and Chrysler WASHINGTON (AP) ― Taxpayers will lose about $14 billion in the government’s $80 billion bailout of Chrysler and GM, the White House said...
MS demos new Windows 8 for PC

Jun 2, 2011

RANCHO PALOS VERDES, California (AP) ― Microsoft Corp. demonstrated its new operating system at the “D: All Things Digital” conference on Wednesday, a full version of Windows that will operate on tab...
Japan, EU to start trade talks

May 29, 2011

BRUSSELS (AP) ― Japan and the European Union agreed at a summit meeting Saturday to begin negotiations on a free trade agreement that would deepen economic ties between two of the world’s largest eco...
Culture clash dents Brazil push

May 29, 2011

China eyes huge economic, business gains in S. American nation SAO PAULO (AP) ― Stocking shelves in a Chinese grocery store, Thiago warned that he didn’t want to be caught chatting during working ho...
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...