N. Korea's trade with China dips 13.4 pct in Q1

The Korea Herald > World > World Business

[Newsmaker] More work urged amid Greece default worries

WASHINGTON ― Greece was told Saturday to urgently deliver a detailed fiscal and debt plan to official lenders as the IMF-World Bank spring meetings wound up amid escalating worries of a looming defau...

Updated : 2015.04.19 19:07

China cuts reserve ratio requirement as growth slows

BEIJING (AFP) -- China's central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.The move, effective Monday, comes days after the world's second largest economy reporte...

Updated : 2015.04.19 19:03

Greek bonds drop most since election as default concern builds

Greece's government bonds had their worst week since the aftermath of Syriza's January election victory as the nation failed to make tangible headway in its efforts to secure funding and avoid a default.The yield on 10-year Greek debt climbed to the highest since December 2012 as the clock...

Updated : 2015.04.18 15:13

[Newsmaker] Clinton to focus on economic security

CHICAGO — Hillary Rodham Clinton’s presidential campaign will center on boosting economic security for the middle class and expanding opportunities for working families, while casting the former sen...

Updated : 2015.04.12 19:46

Seoul firms to run 2nd N.K.-Russia logistics project

A consortium of Seoul firms is expected to run another pilot operation of a key logistics project involving South and North Korea and Russia in late April, a government official said Sunday.  The so-called Rajin-Khasan logistics project is the symbol of trilateral cooperation between the...

Updated : 2015.04.12 14:16

S. Korean agency opens business support center in Beijing

South Korea's government trade agency Wednesday opened a center in Beijing to help small- and medium-sized South Korean companies make inroads into the Chinese market as the two nations are set to sign a bilateral free trade agreement.   After declaring the "substantial conclusion" of th...

Updated : 2015.04.08 13:34

World Bank chief expresses strong support for AIIB

World Bank Group President Jim Yong Kim expressed strong support Tuesday for a Chinese-led regional development bank, saying he welcomes any new players in the fight against poverty.  China has launched the Asian Infrastructure Investment Bank in a move seen as designed to bolster its ec...

Updated : 2015.04.08 09:33

S. Korea seeks to double overseas Korean restaurants

South Korea will work to nearly double the number of Korean restaurants in other countries, the government said Monday, a move partly aimed at developing the country's restaurant industry and globalizing its traditional food.The plan seeks to boost the number of Korean restaurants from the...

Updated : 2015.04.06 11:28

S. Korea, Vietnam initial free trade deal

South Korea and Vietnam have initialed their free trade agreement that aims to boost bilateral trade by removing tariffs and other barriers, the government said Sunday.  Following Saturday's initialing in Seoul, South Korea will seek to formally sign the deal within the first half of thi...

Updated : 2015.03.29 15:25

Pace of Fed rate hike more important than timing: BOK chief

Bank of Korea Gov. Lee Ju-yeol on Friday said the pace of the U.S. Federal Reserve's rate hike would be of bigger interest than its timing as the move is unlikely to be a one-off.  "While the timing of the rate hike is important, there is much more attention on the pace of the rate hike ...

Updated : 2015.03.20 09:14

Lagarde warns emerging economies to prepare for U.S. rate rise

Emerging markets must prepare for the impact of U.S. interest rate rises, whose timing could surprise markets, International Monetary Fund chief Christine Lagarde warned in India on Tuesday.Speaking alongside India's central bank governor Raghuram Rajan, Lagarde said the so-called "taper t...

Updated : 2015.03.17 21:52

Gulf corporate earnings up 10% in 2014: report

Corporate earnings in the energy-rich Gulf states rose 10 percent last year, for the first time surpassing their highest level before the global financial crisis, a report said on Tuesday.Net profits of the 658 listed companies on the seven bourses of the Gulf Cooperation Council states re...

Updated : 2015.03.17 21:27

Twitter opens new office in Hong Kong

HONG KONG (AFP) – It may be banned in mainland China, but Twitter has launched an office in Hong Kong to help Chinese businesses reach international markets.The San Francisco-based service, which has served as a platform for dissent and free speech, wants to tap into booming growth in Gre...

Updated : 2015.03.11 19:51

EU nations get deal on rules for investment fund

The European Union on Tuesday took a major step toward a 315 billion euros ($356 billion) investment plan to encourage the private sector to launch higher risk projects like broadband and energy networks.EU finance ministers reached agreement on the so-called European Fund for Strategic In...

Updated : 2015.03.10 21:39

[Newsmaker] Apple Watch to include array of features

SAN FRANCISCO ― Apple launched an assault on the fledgling wearable tech market Monday, unveiling a high-end smartwatch that offers new ways to stay connected and to track health and fitness.The Appl...

Updated : 2015.03.10 19:39