The Korea Herald

Europe considers Greek default, leaders to meet

Jul 13, 2011
Starbucks reorganizes for world growth

Jul 12, 2011
Mercedes-Benz tops study of U.S. auto dealers

Jul 12, 2011
ArcelorMittal, Peabody bid for Macarthur coal

Jul 12, 2011
Fed chief to face grilling after weak jobs report

Jul 12, 2011

WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke may feel surrounded when he testifies before Congress this week.From his left, Democrats will demand to know what the Fed can do to create jobs, especially after the government reported last week that unemployment rose to 9.2 percent in June and the economy generated just 18,000 net new jobs.From his right, Republicans will likely question th
IMF chief calls on U.S. to raise borrowing limit

Jul 11, 2011

IMF Managing Director Christine Lagarde conducts a press conference in Washington, D.C. on July 6. (AFP-Yonhap News)WASHINGTON (AP) ― The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit.Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday
Asia rates have room to rise beyond inflation peak

Jul 11, 2011
Debt talks hit wall, Obama warns clock ticking

Jul 11, 2011
iPad, Android push tablet sales forecast

Jul 10, 2011

International Data Corporation raised its 2011 forecast for global sales of tablet computers by 6.2 percent to 53.5 million units on the strength of Apple Inc.’s iPad and Google Inc.’s Android operating system. Though sales in the first calendar quarter fell 28 percent from the prior quarter, Framingham, Massachusetts-based IDC raised its forecast for the year citing increased competition between
China trade surplus hits 7-month high

Jul 10, 2011

Truckers drive past stacks of transport containers at Chiwan Container Terminals, Port of Shekou in Shenzhen, Guangdong province, China. (Bloomberg)Consumer prices climbed 6.4 percent, the most in three yearsChina’s trade surplus widened more than forecast to $22.3 billion in June, the highest level in seven months, as imports grew at the slowest pace since 2009. The gap exceeded all the 21 estima
China may cut spending on strategic industries

Jul 8, 2011
New Greek aid package awaits private sector buy-in

Jul 8, 2011
Facebook launches video chat with Skype

Jul 7, 2011

NEW YORK (AP) ― Quick on the heels of Google’s launch of its latest social-networking venture, Facebook said Wednesday that its 750 million users will now be able to make video calls on the site.The feature will be powered by the Internet phone service Skype. Facebook also redesigned its chat feature, so that the people a user messages the most often show up first.To make video calls, Facebook use
Obama claims progress in deficit talks

Jul 6, 2011

WASHINGTON (AP) -- President Barack Obama says back-channel talks with congressional leaders last weekend have produced new progress in advance of a White House session Thursday on deficit reduction.　The president is siding with House Speaker John Boehner in insisting that negotiators resist the temptation to “kick the can down the road” and settle for a makeshift, short-term solution to stave off
iPhone passes Blackberry in U.S.

Jul 6, 2011

Apple’s iPhone has leapfrogged Research In Motion’s Blackberry to grab fourth-place among handset manufacturers in the United States, tracking firm comScore said Tuesday.The iPhone’s share of U.S. mobile subscribers rose to 8.7 percent in the three months ending in May from 7.5 percent three months earlier, while RIM’s share fell to 8.1 percent from 8.6 percent, comScore said.Samsung was the top h