The Korea Herald

GOP 2012 budget seeks $4tr plus in cuts

Apr 4, 2011

WASHINGTON (AP) ― A Republican plan for the 2012 U.S. budget would cut more than $4 trillion over the next decade, more than even the president’s debt commission proposed, with spending caps as well ...
U.S. unemployment falls to 2-year low

Apr 3, 2011

Economists expect stronger hiring, producing a net gain of about 2.5m jobs WASHINGTON (AP) ― The nation’s unemployment rate dropped to its lowest level in two years in March, and the outlook is brig...
Oil climbs to highest on Libya conflict

Apr 1, 2011

NEW YORK (AP) ― The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya. Benchmark West Texas Intermediate crude ...
Ireland orders banking overhaul

Apr 1, 2011

DUBLIN (AFP) ― Ireland’s central bank on Thursday ordered a drastic overhaul of the eurozone nation’s stricken banking sector as the cost of bailing out its lenders was set to top 70 billion euros ($...
S&P cuts Nokia debt rating for first time

Mar 31, 2011

Nokia Oyj, the world’s biggest maker of mobile phones, had its debt rating cut for the first time by Standard & Poor’s, which cited market share losses and “weaker” operating margins at the Finnish c...
Toyota Motor may lose 500,000 units

Mar 31, 2011

Toyota Motor Corp. may delay the production of at least 500,000 vehicles in Japan because of a shortage of parts and electricity after the nation’s record earthquake, said an analyst at Advanced Rese...
Japan weighs entombing nuclear plant

Mar 31, 2011

Japan is considering pouring concrete into its crippled Fukushima atomic plant as the United Nation’s nuclear watchdog agency warned that a potential uncontrolled chain reaction could cause further r...
Inflation worries push consumer confidence lower

Mar 30, 2011

NEW YORK (AP) ― Rising prices at the gas pump and in grocery aisles are starting to crimp shoppers’ outlook. The Conference Board’s Consumer Confidence Index fell sharply from a three-year high in F...
Developing economies’ lead over rivals has risks

Mar 30, 2011

WASHINGTON (AP) ― The world’s biggest economies are recovering from the Great Recession at troublesome speeds: too fast or too slow. China, India and other major developing countries quickly returne...
Thailand will adjust rates to curb inflation

Mar 29, 2011

Thailand’s central bank may raise interest rates further as oil above $100 a barrel and surging food prices add to inflation pressures stoked by the fastest economic growth in 15 years. “The risk on...
Markets more predictable than you think

Mar 28, 2011

Stock movements may seem irrational, but they tend to follow patterns even in times of crisis NEW YORK (AP) ― The threat of severe nuclear contamination from a breached Japanese nuclear reactor stil...
European carmakers may be forced to idle plants on Japan quake

Mar 25, 2011

Volkswagen AG, PSA Peugeot Citroen and other European automakers may be forced to halt production in coming weeks as component suppliers in earthquake-ravaged Japan struggle to restart factories. Th...
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...