The Korea Herald

Euro zone economy at risk of contracting in Q4, PMI shows

Nov 6, 2019

Euro zone business activity grew more than initially thought last month but remained close to stagnation, according to a survey whose forward-looking indicators suggest the existing growth might dis...
Saudi regulator says approves Aramco share offering

Nov 3, 2019

RIYADH (AFP) -- Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the w...
[Graphic News] Rich Chinese outnumber wealthy Americans for first time

Oct 28, 2019

The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank’s annua...
Luxury giant LVMH makes bid for jewellers Tiffany: source

Oct 28, 2019

NEW YORK (AFP) -- LVMH, which owns Louis Vuitton, Dior and the champagne brands Veuve Clicquot and Moet, has made a bid for American jeweller Tiffany, known for its engagement rings and diamonds. Th...
SoftBank Seeks Majority Stake in WeWork With Bailout Deal

Oct 22, 2019

SoftBank Group Corp. offered to take a majority stake in WeWork, one of two rescue packages that the board of the troubled company is weighing, according to people familiar with the matter. The deal...
SoftBank bailout would give it control of WeWork: sources

Oct 17, 2019

NEW YORK (AFP) -- Japan's SoftBank Group has prepared a financing plan that would give it control of WeWork as the office sharing startup seeks badly- needed financing, sources told AFP Monday. The ...
Just hours left to secure a Brexit deal before EU summit

Oct 15, 2019

Britain must reach a Brexitagreement with the EU by the end of Tuesday so it can beapproved at a leaders‘ summit this week, the bloc’s officialsand diplomats said, otherwise Britain‘s scheduled depar...
[Graphic News] New York world’s top financial center

Oct 14, 2019

New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong, as uncertainty over Brexit takes its toll on the UK capital, a Z...
[Graphic News] Tether becomes most used cryptocurrency in world

Oct 13, 2019

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70 percent of all the digital-asset world’s market value, you’re probably wrong. While concr...
[Graphic News] Property bubble risks in EU rise

Oct 8, 2019

The risk of a property bubble in the eurozone surged last year as ultralow interest rates helped drive up house prices. Munich is now the city most vulnerable to a property bubble, according to UB...
[Graphic News] Biggest buyers of Saudi Arabian oil

Sept 22, 2019

Yemen’s Iran-aligned Houthi group last week attacked two plants at the heart of Saudi Arabia’s oil industry in a strike that could impact about 5 million barrels per day of crude production - close ...
Wall Street slides a day after Fed rate cut

Sept 20, 2019

NEW YORK (AFP) -- US stocks went nowhere on Thursday as investors lost their appetite in afternoon trade, a day after the US central bank delivered a widely expected shot of stimulus. At the close, ...
[Graphic News] Aramco is the biggest oil firm in the world

Sept 18, 2019

Drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco last weekend. Aramco is the biggest energy company in the world. It prod...
Trade war cited as cause for 10,000 layoffs in US in August: report

Sept 5, 2019

WASHINGTON (AFP) -- The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on “trade difficulties” alone, according to figures released Thursday. Emplo...
US, Poland sign joint document on 5G technology cooperation

Sept 2, 2019

The US and Poland signed an agreement on Monday to cooperate on new 5G technology amid growing concerns about Chinese telecommunications giant Huawei. Vice President Mike Pence and Polish Prime Mini...