The Korea Herald

China's economic growth slows to 9.1 percent in Q3

World BusinessOct 18, 2011

HONG KONG, Oct. 18 (Yonhap) -- China's economic growth slowed in the third quarter of the year from three months earlier, the statistical agency said Wednesday, amid the country's continuous monetary tightening and uncertainties of the global economy. The country's gross domestic product (GDP) grew
Canadian man completes 11-year round-the-world walk

World NewsOct 18, 2011

A 56-year-old Canadian man who left home after his business went bankrupt completed an 11-year walk around the world on Sunday, and told a crowd of well-wishers his new goal was to promote peace.Jean Beliveau -- who arrived to a hero's welcome in Montreal from loved ones, lawmakers and supporters --
Japan's ear-cleaning salons offer childhood fantasy

World NewsOct 18, 2011

When 30-year-old Japanese salaryman Takahisa Kobayashi places his head on the lap of an attractive young woman, he is thinking of his mother.The summer kimono covering her thighs brushes against his face as he lies on the tatami mat floor and briefly looks into her elegantly made-up eyes.A tradition
Stocks slide as Germany cools hope for debt deal

World BusinessOct 18, 2011

NEW YORK (AP) -- A week ago, markets were soaring on hopes that a fix for Europe's debt crisis was near. On Monday, stocks had their worst drop in two weeks after German leaders cast doubt on how fast that process would be.Expectations that a resolution to the crisis could be reached at a European s
Spain faces hard 2011 with big deficit: analysts

World BusinessOct 17, 2011

MADRID (AFP) ― Spain is on track to miss key targets for economic growth and deficit-cutting in 2011, analysts say, a grim scenario that is pounding its credit rating.Standard & Poor’s downgraded Spain’s credit rating Friday by a notch to “AA-,” a week after its rival Fitch Ratings sliced the rating
China growth may top 9 percent

World BusinessOct 17, 2011

China’s economy probably grew more than 9 percent in the third quarter, indicating the nation remains an engine of global growth even as Europe grapples with the sovereign debt crisis and the U.S. recovery falters. Gross domestic product increased 9.3 percent from a year earlier, according to the me
Hong Kong starts trading bullion in yuan

World BusinessOct 17, 2011

Hong Kong’s Chinese Gold & Silver Exchange Society, a century-old bullion bourse, will start trading gold quoted in yuan Monday, boosting the city’s status as an offshore hub for the currency. The gold product may generate as much as HK$6 billion ($770 million) in trades a day, exchange President Ha
Silicon Valley elite honor Jobs

World BusinessOct 17, 2011

PALO ALTO, California (AFP) ― Silicon Valley nobility paid tribute to revered Apple co-founder Steve Jobs on Sunday at a private memorial service held under tight security at Stanford University.Security teams from Apple and Stanford along with local police officers cordoned off the main quad on cam
What Singapore’s rich want

World NewsOct 17, 2011

A fancy car, customized yacht or private jet might sound like just the ticket for a millionaire with bucks to burn. Not in Singapore.When it comes to investing in luxury items, Singapore’s millionaires much prefer smaller items: gems, watches and other jewelry, a new report has found.Luxury vehicles
Taiwan’s soft power faces a rising China

World NewsOct 17, 2011

A strong sense of deja vu prevailed listening to Philip Yang, a Taiwanese spokesman, recently, as Taipei embarks on a “soft-power” offensive by promoting its local culture, indigenous people, food and other goodies. It’s no longer “politics-as-usual” in Taiwan, he quipped.The occasion was appropriat
Israelis debate over prisoner release

World NewsOct 17, 2011

JERUSALEM (AP) ― Relatives of Israelis killed in Palestinian attacks waged a charged debate Sunday over the planned release of militants this week in a deal to free an Israeli soldier held by Hamas for five years.Several families have filed court appeals against the deal, though it is not expected t
Occupy Wall Street shows muscle, raising $300,000

World NewsOct 17, 2011

NEW YORK (AP) ― The Occupy Wall Street movement has close to $300,000, as well as storage space loaded with donated supplies in lower Manhattan. It stared down city officials to hang on to its makeshift headquarters, showed its muscle Saturday with a big Times Square demonstration and found legions
French presidential race: Sarkozy vs. Hollande

World NewsOct 17, 2011

Former Socialist Party chief to go up against conservative president facing public frustrationPARIS (AP) ― The resurgent French left, riding on popular anger at conservative President Nicolas Sarkozy and global financial markets, endorsed former Socialist Party chief Francois Hollande on Sunday as i
Security heavy at private service for Steve Jobs

World BusinessOct 17, 2011

PALO ALTO, California (AP) -- Security is heavy at Stanford University as some of Silicon Valley's elite gather for a private memorial for Apple Inc. co-founder Steve Jobs.Attendees arrive for the private memorial service for Steve Jobs at Stanford University, Sunday, Oct. 16, 2011, in Stanfor
U.S. retail sales rise strongly led by autos

World BusinessOct 16, 2011

WASHINGTON (AP) ― U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy.They spent more on autos, clothing and furniture last month to boost retail sales 1.1 percent, the Commerce Department said Friday. It was the largest gain in seven months