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POPULAR NEWS
Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline in the benchmark dollar index which, in turn, helped to lift gold off the lows of the session. August gold settled at $1,224 an ounce, down $3.90, or 0.3%, for the session. The settlement marked gold's entry into correction territory - down more than...

Dollar on defensive against yen, euro after Trump comments

The dollar was on the defensive against the yen and euro early Friday after U.S. President Donald Trump expressed concern about the currency's strength and the Federal Reserve's interest rate increases. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan œwas dropping like a rock. A strong currency tends to make a country™s exports more expensive. Trump also showed displeasure about the Fed™s...

Gold Heads for Weekly Decline as Rate Outlook in Focus

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate outlook, as well as President Donald Trump's intervention that he's 'not thrilled' at Fed's tightening trajectory. Bullion for immediate delivery slipped 0.5% at $1,216.78/oz at 9:47am in Singapore, after hitting $1,211.63 on Thursday, lowest since July 2017: Bloomberg generic pricing. That metal lost 2.2% this week to head for fifth weekly...

Dollar index turns negative after Trump say's he's not 'thrilled' with Feds' rate hikes

The U.S. dollar turned negative versus its main rivals on Thursday after President Donald Trump said he disagreed with the Federal Reserve's strategy to gradually hike interest rates. Trump told CNBC during an interview on Thursday that he isn't "thrilled" that the Federal Reserve is hiking interest rates. An excerpt of the the interview, which is slated to air early Friday, was released midday Thursday. "Because we go up and every time you go up they want to raise rates again. I don't really...

EU Preparing to Strike Back if Trump Slaps Tariffs on Foreign Cars

European Union Trade Commissioner Cecilia Malmstrom says the 28-nation bloc is preparing to retaliate against the United States if President Donald Trump imposes tariffs on foreign autos and car parts. Trump slapped tariffs on EU steel and aluminum on June 1, which the EU responded to with duties on U.S. products, and is threatening to extend them to the automotive industry. Malmstrom said at a Brussels news conference hosted by the German Marshall Fund the European Union is compiling "a...

Erdogan Hopes to Open Embassy in East Jerusalem
Monday, 18 December 2017 11:51 WIB | GLOBAL |Global

Turkish president Recep Tayyip Erdogan said Sunday that Turkey hopes to open an embassy to a Palestinian state in East Jerusalem in the future..

"Because it is under occupation we can't just go there and open an embassy," Erdogan said in a speech to his ruling party in the city of Karaman.

"But, inshallah [God willing] those days are near and... we will officially open our embassy there," he said, without giving any precise timeframe.

The comments come just days after Erdogan hosted a summit of leaders of Muslim-majority nations to denounce U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital. Erdogan has spearheaded opposition among both Muslim and European leaders to oppose the decision.

East Jerusalem was annexed by Israel following the 1967 war - a move that has not been recognized by the international community.

Turkey currently has a general consulate in Jerusalem, and has full diplomatic relations with Israel but, like all other nations, its embassy is in Tel Aviv.

Source: VOA

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POPULAR NEWS
Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline in the benchmark dollar index which, in turn, helped to lift gold off the lows of the session. August gold settled at $1,224 an ounce, down $3.90, or 0.3%, for the session. The settlement marked gold's entry into correction territory - down more than...

Dollar on defensive against yen, euro after Trump comments

The dollar was on the defensive against the yen and euro early Friday after U.S. President Donald Trump expressed concern about the currency's strength and the Federal Reserve's interest rate increases. Trump said in an interview with CNBC on Thursday that a strong dollar puts the United States at a disadvantage, adding that the Chinese yuan œwas dropping like a rock. A strong currency tends to make a country™s exports more expensive. Trump also showed displeasure about the Fed™s...

Gold Heads for Weekly Decline as Rate Outlook in Focus

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate outlook, as well as President Donald Trump's intervention that he's 'not thrilled' at Fed's tightening trajectory. Bullion for immediate delivery slipped 0.5% at $1,216.78/oz at 9:47am in Singapore, after hitting $1,211.63 on Thursday, lowest since July 2017: Bloomberg generic pricing. That metal lost 2.2% this week to head for fifth weekly...

Dollar index turns negative after Trump say's he's not 'thrilled' with Feds' rate hikes

The U.S. dollar turned negative versus its main rivals on Thursday after President Donald Trump said he disagreed with the Federal Reserve's strategy to gradually hike interest rates. Trump told CNBC during an interview on Thursday that he isn't "thrilled" that the Federal Reserve is hiking interest rates. An excerpt of the the interview, which is slated to air early Friday, was released midday Thursday. "Because we go up and every time you go up they want to raise rates again. I don't really...

EU Preparing to Strike Back if Trump Slaps Tariffs on Foreign Cars

European Union Trade Commissioner Cecilia Malmstrom says the 28-nation bloc is preparing to retaliate against the United States if President Donald Trump imposes tariffs on foreign autos and car parts. Trump slapped tariffs on EU steel and aluminum on June 1, which the EU responded to with duties on U.S. products, and is threatening to extend them to the automotive industry. Malmstrom said at a Brussels news conference hosted by the German Marshall Fund the European Union is compiling "a...

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