North Korea fired five short-range missiles off its eastern coast in a demonstration of its improving missile technology, South Korea said.» Read More
Stocks continued to sink as the dollar rose Tuesday as investors grew skittish about the prospects of the Irish debt crisis spreading to other periphery euro zone countries as well as escalating tensions in Korea. Chevron and Exon fell, while HP rose.
U.S. stock index futures remained lower after news of a better-than-expected revision for third quarter Gross Domestic Product as investors added an escalating conflict in Korea to the growing list of concerns dragging market sentiment lower.
The growing presence of foreign businesses in the country shows the so-called ‘hermit state’ isn’t as isolated as most people think.
Every day, hundreds of South Korean managers and engineers gather here at the steel and glass bus terminal to make an unusual commute, through the minefields and tank traps of the demilitarized zone and into an industrial park that sits just across the border in North Korea.
North Korea has turned to Twitter and YouTube to step up its propaganda struggle with South Korea and the US as the isolated state comes under growing international pressure since the sinking of a southern warship. The FT reports.
China’s premier Wen Jiabao said during a visit to Seoul on Friday that China would not protect whoever sank a South Korean warship in March, offering South Korea some encouragement that Beijing might not block moves to punish North Korea at the United Nations Security Council for killing 46 sailors.
Stocks erased most of their earlier losses in the final half-hour of trading Tuesday as materials and consumer discretionary stocks advanced.
Stocks are getting battered across-the-board yet again today, with all of the major U.S. stock indices down 2 percent as of this writing. The Dow is down over 1300 points, or 12 percent, from its recent April 23rd high.
Stock index futures pointed to a sharp decline Tuesday, while European and Asian shares dived as well, amid ongoing sovereign debt concerns and new worries about tensions between North and South Korea.
North Korea's government revalued the country's currency but restricted severely the amount of old bills that can be changed for the new ones, wiping out personal savings, the Washington Post reported Wednesday.
While the government battles over a health care plan, many companies are taking matters into their own hands.
The United States will continue working for a nuclear-free Korean peninsula regardless of reports that North Korea launched missiles on Monday, Secretary of State Hillary Clinton said.
North Korea has shut down its largest wholesale market because of its apparent concern that big markets spread capitalist influence, a South Korean monitoring group said Monday.
North Korea, whose relations with South Korea have turned increasingly bitter, said on Monday it had agreed to reopen its border to its neighbor and allow tourism and family reunions to resume.
The big foreign policy news overnight is that the other Clinton (Bill) had foreign policy success for the Obama administration. After meeting with the supreme leader Kim Jong-Il, our former President brought home the two reporters who were being held in North Korea.
Italy has blocked the nearly euro13-million ($18-million) sale of two luxury yachts believed to have been bound for the impoverished nation of North Korea in violation of international sanctions, authorities said Thursday.
With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.
The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.
Global stocks rallied Wednesday after cautious trading the previous day as North Korea reportedly test-fired missiles, increasing the threat of political risk. Experts tell CNBC how they are investing during turbulent times.
North Korea's launch of a multi-stage rocket Sunday, which flew over Japan before splashing down in the Pacific Ocean, was effectively a test of a ballistic missile designed to carry a warhead as far as the U.S. state of Alaska.