The Korea Herald

Tech brands dominate top global brands list

Oct 4, 2011

Apple, Google, other tech brands high on global brands list, Nokia falls off top 10 NEW YORK (AP) -- We all want a bite out of Apple, according to a report valuing global brands out Tuesday.The maker of the popular iPhone, iPad2, music players and computers was one of the biggest gainers in an annua
Yahoo, ABC joining forces in news partnership

Oct 4, 2011

NEW YORK (AP) -- ABC News and Yahoo Inc. are joining to deliver more online news to their audiences. With the deal, ABC News content will be prominently featured on Yahoo News, the most visited news website in the world. It will also show up on Yahoo‘s popular front page.The partnership comes as a g
S. Korea to seek global currency swap at G20

Oct 4, 2011

South Korea is pushing for a global currency swap scheme during the Group of 20 meetings as part of efforts to strengthen the financial safety net against global market turbulences, Seoul officials said Tuesday.The global currency swap scheme is aimed at strengthening the financial safety net by all
Greece to miss deficit targets this year

Oct 3, 2011

ATHENS (AP) ― Greece won’t meet 2011-2012 deficit targets imposed by international lenders as part of the country’s bailout, the Finance Ministry said Sunday.The country’s deficit this year is expected to reach 8.5 percent of gross domestic product, or 18.69 billion euros ($25.2 billion) ― higher th
Manufacturing counters China ‘hard landing’

Oct 3, 2011

Signs of stability in China’s manufacturing industry in September may ease concern the world’s second-largest economy will suffer a slump in economic expansion that escalates the risk of another global recession. The Purchasing Managers’ Index published Oct. 1 by the China Federation of Logistics an
Wall Street protesters: We’re in for the long haul

Oct 3, 2011

NEW YORK (AP) ― The protesters who have been camping out in Manhattan’s Financial District for more than two weeks eat donated food and keep their laptops running with a portable gas-powered generator. They have a newspaper ― the Occupied Wall Street Journal ― and a makeshift hospital.They lack a cl
IBM tops MS for first time in 15 years

Oct 2, 2011

International Business Machines Corp. passed Microsoft Corp. to become the world’s second-most valuable technology company, a reflection of industry changes including the shift away from the personal computer. IBM’s market value rose to $214 billion Friday, while Microsoft’s fell to $213.2 billion.
Alibaba ‘interested’ in buying Yahoo

Oct 2, 2011

Alibaba Group Holding Ltd. Chairman Jack Ma said he’s “very interested” in buying Yahoo! Inc., the U.S. Web portal that ousted its chief executive officer last month amid stagnant growth and shrinking market share.Ma said he’s had discussions with Yahoo, as well as other potential buyers, without id
Sarkozy says to meet Merkel on eurozone bailout

Oct 2, 2011

PARIS (AFP) ― France’s President Nicolas Sarkozy promised on Friday to push Germany over his plan to more closely integrate eurozone economies after meeting Greek Prime Minister George Papandreou in Paris.Sarkozy said he had been convinced by Papandreou’s promise to cut Greece’s debts and deficit, a
Europe eyes controversial financial tax

Sept 29, 2011

STRASBOURG (AFP) ― Europe went ahead with landmark proposals to tax the financial sector on Wednesday, ignoring U.S. opposition in a move also sure to provoke a row with London which fears capital flight from the City.On the drawing-board for more than a year, the idea was given fresh impetus last m
U.S. approves two solar loans worth $1 billion

Sept 29, 2011

WASHINGTON (AP) ― The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration’s green ene
Fitch lowers Slovenia credit rating

Sept 29, 2011

LJUBLJANA (AFP) ― Fitch ratings agency lowered eurozone member Slovenia’s credit rating by one notch to “AA-“ on Wednesday over concerns over its banks and failure to implement reforms to stabilize public finances.“The downgrade of Slovenia is primarily driven by deterioration in the financial posit
France unveils slashed budget

Sept 29, 2011

PARIS (AP) ― France proudly presented next year’s budget on Wednesday as the first to cut spending since World War II, as it tries to convince nervous investors that it will get its debts under control.But economists balked at the claim and said the cuts in the 2012 budget are not substantial enough
Greece faces auditors’ verdict

Sept 29, 2011

ATHENS (AFP) ― International auditors headed for Greece and Germany’s parliament prepared for a crucial vote on boosting the eurozone rescue fund Thursday, but discord over the debt crisis unnerved global markets.Greece’s global creditors announced their auditors would return to Athens, four weeks a
Finnish lawmakers OK boosting euro bailout fund

Sept 28, 2011

HELSINKI (AP)-- The Finnish Parliament has approved expanding the eurozone's bailout fund's powers and increasing Finland's share to (euro) 14 billion ($19 billion). Lawmakers voted 103-66 in favor of the government motion with 31 absent or abstaining. Tuesday's approval was