The Korea Herald

Portugal woes steal show at EU summit

Mar 25, 2011

EU leaders sign off on new crisis strategy amid fears over Portugal’s finances, Irish banks BRUSSELS (AP) ― On the day that EU leaders presented what they hoped was the final version of their plan t...
40 Japanese auto suppliers in difficulty, Nissan CEO says

Mar 24, 2011

Nissan Motor Co. Chief Executive Officer Carlos Ghosn said about 40 component suppliers in Japan remain in difficulty after the nation’s record earthquake, complicating automakers’ efforts to restart...
‘Color’ app shares with people around you

Mar 24, 2011

LOS ANGELES (AP) ― We’ve all been to weddings where the bride and groom hand out disposable cameras to capture every angle of their big day. Now, a new application called Color allows you to do somet...
Yen drops on ...speculation G7 to maintain intervention

Mar 21, 2011

The yen fell for a second day on speculation the Group of Seven nations will continue to sell the currency to curb its appreciation. The yen slid against all of its 16 major counterparts, extending ...
‘Disaster could cost Japan $235b’

Mar 21, 2011

World Bank: Japan may need 5 years to rebuild from devastating quake, tsunami SINGAPORE (AP) ― Japan may need five years to rebuild from the catastrophic earthquake and tsunami that has caused up to...
Sony, Toyota disruptions may last weeks after quake

Mar 20, 2011

Toyota Motor Corp. and Sony Corp., two of Japan’s biggest manufacturers, are facing worst-case scenarios of long-term production shortfalls as scores of plants remain closed and workers are idled in ...
Nintendo 3DS could help vision theraphy

Mar 20, 2011

Optometrists: 3-D screen on Nintendo 3DS could help kids with vision disorders NEW YORK (AP) ― U.S. eye specialists are welcoming the Nintendo 3DS game device, dismissing the manufacturer’s warnings...
IBM to pay $10m to settle Asian bribe case

Mar 20, 2011

WASHINGTON (AFP) ― IBM has agreed to pay $10 million to settle charges it gave cash and gifts to Chinese and South Korean officials to win contracts for mainframe and personal computers and other pro...
U.K. inflation rate rose to 4.2% in Feb.

Mar 20, 2011

U.K. inflation probably accelerated at the fastest pace since October 2008 in February, which may sharpen the divide among Bank of England policy makers on whether to raise interest rates to tame pri...
Japan recession threat lessens with G7 joint intervention

Mar 20, 2011

Japan’s risk of becoming the first Group of Seven member to return to a recession after the global financial crisis eased as the G7 intervened to halt the yen’s appreciation. The G7’s yen sales sent...
Obama links Brazil trip to U.S. job growth

Mar 20, 2011

President emphasizes importance of trade with Brazil to economic growth back home BRASILIA, Brazil (AP) ― Seeking to link his Latin American tour to job growth back home, President Barack Obama said...
Oil up in Asia on Gulf tensions

Mar 18, 2011

SINGAPORE (AFP) ― Crude rose in Asian trade Friday, pushed up by ongoing tensions in the oil-rich Gulf region and impact from Japan’s nuclear crisis, analysts said. New York’s main contract, light s...
After earthquake, Japan’s economy faces nuke threat

Mar 18, 2011

TOKYO (AFP) ― Japan’s earthquake-battered economy faces a new and unpredictable threat from a deepening nuclear crisis and power blackouts that analysts say could hinder a recovery from the disaster....
G7 agrees joint intervention to help weaken Japanese yen

Mar 18, 2011

WASHINGTON (AP) ― Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels fol...
Japan carmakers still hobbled after quake

Mar 17, 2011

TOYKO (AP) ― The Japanese auto industry remained largely hobbled Thursday, nearly a week after the country’s worst-ever earthquake laid waste to its industrial northeast, although some manufacturers ...