The Korea Herald

Oil rallies with euro, equities on EU deal

World BusinessDec 10, 2011
Wall St rallies on EU deal but concerns linger

World BusinessDec 10, 2011
Europe pushes ahead with fiscal union, UK isolated

World BusinessDec 10, 2011
New treaty to save euro splits European Union

World BusinessDec 9, 2011

BRUSSELS (AP) ― Leaders of 23 European countries desperate to save the continent’s shared currency agreed in all-night talks Friday to surrender some sovereignty in a new treaty ― but failed to get all 27 European Union members to join in.The split between those in the new treaty and those outside rattles the foundations of a union created to foster peace and prosperity across a bloodied Europe after World War II. The EU has struggled to unite to stem a 2-year-old spiral of debt that started in
Virginia Tech gunman kills officer, later found dead

World NewsDec 9, 2011

BLACKSBURG, Virginia (AP) ― A gunman killed a police officer in a Virginia Tech parking lot and was found dead nearby Thursday in an attack that sent fear through the campus nearly five years after it was the scene of the deadliest shooting rampage in modern U.S. history.The school locked down for hours and warned students and faculty members via email and text message to stay indoors. The shootings came as university officials were in Washington appealing a fine that U.S. officials gave them ov
Hospital fire in Indian city of Kolkata kills 61　

World NewsDec 9, 2011

KOLKATA, India (AP) -- A fire swept through a hospital in the Indian city of Kolkata early Friday, killing 61 people, many of them patients, and sending emergency workers scrambling to evacuate survivors from the smoke-filled building, officials said.　Government officials accused the hospital staff of abandoning the patients and fleeing the building after the fire broke out.　“It‘s a very serious offense, and we will take the strongest action,” West Bengal Chief Minister Mamata Banerjee said at t
NATO, Russia say still no agreement on missiles

World NewsDec 9, 2011

BRUSSELS (AP) ― Russia and NATO remain deadlocked on a long-running dispute over the alliance’s plan for a missile shield for Europe, officials said Thursday, and Russia warned that time was running out for an agreement.NATO’s Secretary-General Anders Fogh Rasmussen reported no progress toward a deal on the contentious issue, following a key discussion among alliance foreign ministers and Russia’s Foreign Minister Sergey Lavrov that came amid political turmoil in Russia and tart criticism of the
Iran shows video of purported U.S. drone

World NewsDec 9, 2011

TEHRAN (AP) ― Iranian state TV broadcast video Thursday of what it said was the high-tech U.S. drone that Tehran says its forces downed earlier this week, and lodged a diplomatic complaint over the violation of its airspace.The more than two minutes of footage showed Iranian military officials inspecting what state TV identified as the RQ-170 Sentinel drone, and offered the first evidence that Tehran had captured the aircraft. The beige-colored drone appeared intact and undamaged.The chief of th
China inflation cools to 4.2%

World NewsDec 9, 2011

China’s inflation cooled to the slowest pace in 14 months in November, giving policy makers more room to loosen policies as export growth slows because of Europe’s debt crisis. Consumer prices rose 4.2 percent from a year earlier, the statistics bureau said on its website. That was lower than all estimates in a Bloomberg News survey of 35 economists that had a median forecast of 4.5 percent. Producer prices gained 2.7 percent, the smallest increase in 23 months. The fourth month of slowing infla
Ford ends 5-year dividend drought with 5-cent payout

World NewsDec 9, 2011

Ford Motor Co., the second-largest U.S. automaker, declared Thursday a 5-cent quarterly dividend, its first payout to shareholders since September 2006. The move comes after Ford earned $1.65 billion in the three months ended in September, its 10th consecutive profitable quarter, and negotiated a new four-year contract with the United Auto Workers covering its 40,600 U.S. hourly workers. The dividend will be paid March 1 to shareholders of record on Jan. 31, the Dearborn, Michigan-based automake
Household wealth in U.S. takes biggest hit since 2008

World NewsDec 9, 2011

WASHINGTON (AP) ― Americans’ wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value.At the same time, corporations raised their cash stockpiles to record levels.Household net worth fell 4 percent to $57.4 trillion in the July-September quarter, according to a Federal Reserve report released Thursday. It was the sharpest drop since the tumultuous period after the September 2008 bankruptcy of investment bank Lehman Brothers
Angels sign Pujols for $254m

World NewsDec 9, 2011

DALLAS (AP) ― Albert Pujols could have been a wealthy Cardinal for life, planning for the day his statue would be erected outside Busch Stadium next to those of Stan Musial, Bob Gibson and the other St. Louis greats.Instead, exactly six weeks after leading the Cardinals to a second title in one of the most thrilling World Series ever, he decided to accept the second-highest contract in Major League Baseball history for a new future in southern California with the Los Angeles Angels.The three-tim
Coke secret formula gets 1st new home since 1925

World NewsDec 9, 2011

ATLANTA (AP) _ The Coca-Cola Co. has made its secret formula the centerpiece of a new exhibit at its corporate museum, ditching the confines of the bank vault where the list of ingredients had been stored since 1925.The world's largest beverage maker said Thursday a new vault containing the formula
Virginia Tech locks down as cop, 1 other killed

World NewsDec 9, 2011

BLACKSBURG, Virginia (AP) _ A gunman walked into a parking lot and killed a Virginia Tech police officer who was conducting a traffic stop Thursday, state police said, in the first gunfire on campus since 33 people were killed in 2007 in the deadliest mass shooting in modern U.S. history. Students r
EU summit to seek bigger ‘bazooka’ against debt crisis

World BusinessDec 8, 2011

BRUSSELS (AFP) ― Eurozone leaders will seek a bigger financial “bazooka” to battle the debt crisis and mull radical steps towards deeper union with treaty change at a game-changing EU summit opening Thursday.“Markets don’t give a hoot about treaty change as it’s all long-term,” said an EU source close to backroom talks ahead of the two-day meeting. “Money is all they care about and we need to convince.”With the entire 17-nation area, even powerhouse Germany, under threat of a ratings downgrade a