The Korea Herald

Microsoft to pay Nokia more than $1b in deal

Mar 8, 2011

Microsoft Corp. will pay Nokia Oyj more than $1 billion to promote and develop Windows-based handsets as part of their smartphone software agreement, according to two people with knowledge of the ter...
Japan launches ‘Hayabusa’ bullet train

Mar 6, 2011

TOKYO (AFP) ― Japan’s latest bullet train, the thin-nosed “Hayabusa” or Falcon, made its 300 kilometer per hour debut, boasting a luxury carriage modeled on airline business class. Japan has built u...
Oil prices settle at highest level since 2008

Mar 6, 2011

Fighting in Libya pushes oil prices above $104 per barrel NEW YORK (AP) ― Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world’s larg...
Obama agrees on further budget cuts

Mar 6, 2011

WASHINGTON (AP) ― President Barack Obama says he’s willing to make deeper spending cuts if Congress can compromise on a budget deal that would end the threat of a government shutdown. Obama’s appeal...
Apple to talk on unlimited downloads of bought music

Mar 6, 2011

Apple Inc. is in talks with record companies to give iTunes music buyers easier access to their songs on multiple devices, three people with knowledge of the plans said. Apple is negotiating with mu...
‘Inflation ...rising in Asia, emerging economies’

Mar 3, 2011

WASHINGTON (AFP) ― A top International Monetary Fund official expressed concern Wednesday about overall inflation in emerging countries beyond the current spike in food and commodity prices. Naoyuki...
Middle East unrest could push oil over $140: Roubini

Mar 3, 2011

Nouriel Roubini, an economist who predicted the credit-market collapse, said an expansion of troubles in the Mideast could push oil prices as high as $140 to $150 per barrel, triggering a double-dip ...
Portugal to get EU rescue this month

Mar 3, 2011

Portugal will accept a financial bailout “within the next few weeks” as the cost of issuing debt becomes unsustainable, said Axa Investment Managers, which oversees $714 billion in assets. “The borr...
Toyota recalls 2.17 million vehicles

Feb 25, 2011

WASHINGTON (AP) ― Toyota Motor Corp. recalled 2.17 million vehicles in the United States on Thursday to address accelerator pedals that could become entrapped in floor mats or jammed in driver’s side...
BMW launches new electric, hybrid brand

Feb 22, 2011

FRANKFURT (AFP) ― The German luxury carmaker BMW unveiled on Monday its long-awaited new brand, BMW i, with two new models to be equipped with electric and hybrid drive systems from 2013. The group ...
Moody’s cuts outlook for Japan credit rating

Feb 22, 2011

Moody's downgrades Japan rating outlook from stable to negative on massive national debt TOKYO (AFP) ― Ratings agency Moody’s on Tuesday cut its outlook on Japan’s sovereign debt to “negative,” argu...
Chinese telecom giant calls off U.S. deal

Feb 21, 2011

BEIJING (AP) ― A major Chinese telecoms equipment maker is scrapping its effort to acquire a U.S. computer company after a security panel refused to approve the deal. Huawei Technologies Ltd.’s bid ...
Android, video games dominate mobile show

Feb 21, 2011

BARCELONA, Spain (AP) ― The 2011 installment of Mobile World Congress, which gathered 60,000 professionals from 200 countries, served as the official coming-out party for the next generation of Googl...
China ups oil prices, further hikes likely

Feb 21, 2011

China, Asia’s biggest oil consumer, increased retail gasoline and diesel prices for the first time this year, aiding state refiners under pressure from $100 crude and prompting bets further increases...
Spain rules on capital to offer boon for IPO bankers

Feb 21, 2011

Spain’s decision to force lenders to meet stricter capital rules or risk state ownership will provide a boon to bankers and lawyers helping them raise funds with stock market listings and asset sales...