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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Turkey's President Promises to Reveal 'Naked Truth' About Khashoggi Killing

Turkey's president Recep Tayyip Erdogan is vowing to reveal what he says is the "naked truth" about the death of Saudi journalist Jamal Khashoggi. Erdogan told an Istanbul rally Sunday "We are looking for justice here and this will be revealed in all its naked truth, not through some ordinary steps." Erdogan spoke to U.S. President Donald Trump by telephone Sunday, a Turkey's state-run news agency reports. It says both agree the Khashoggi case needs to be "cleared up with all...

China To Retaliate US with Tariffs on $60 billion of American Products
Wednesday, 19 September 2018 04:09 WIB | GLOBAL |Global

China says it has no choice but to retaliate to U.S. President Donald Trump's 10 percent tariffs on $200 billion in Chinese goods, risking a further escalation of trade tensions between the world™s two biggest economies.

On Tuesday, China announced a tariff hike on $60 billion of American products.

In a brief statement posted online Tuesday, China's Commerce Ministry said, "To protect its legitimate rights and interests and order in international free trade, China is left with no choice but to retaliate simultaneously."

On Monday, the Communist Party backed Global Times newspaper warned that if Trump went ahead with the tariffs, China would not just play defense.

At about the same time the Commerce Ministry statement was released, a research director for North America and the Pacific at the Commerce Ministry also delivered a commentary on China™s state-run CCTV news network. The official said the latest round of tariffs have brought uncertainty to ongoing efforts for representatives from both countries to meet again and hold trade talks.

Source: voanews

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POPULAR NEWS
Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran's crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. U.S. West Texas Intermediate crude futures were at $69.07 a barrel, 5 cents below their last settlement. U.S. sanctions against Iran's oil exports will start on...

Tokyo: Stocks open lower on Monday

Tokyo stocks opened lower on Monday amid lingering geopolitical worries including the diplomatic fallout from the death of a Saudi journalist and ahead of corporate earnings report season. The Nikkei 225 index was off 0.66 per cent or 148.69 points at 22,383.39 in early trade, while the broader Topix index was down 0.72 per cent or 12.19 points at 1,680.66. AFP

Shanghai stocks extend rally at open

Shares rallied at the start of trade in Shanghai on Monday, extending a surge at the end of last week after China's top economic officials issued coordinated statements aimed at shoring up support for beleaguered markets. The benchmark Shanghai Composite Index rose 0.59 percent, or 15.17 points, to 2,565.64, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.93 percent, or 11.72 points, to 1,275.53. And the Hang Seng Index added 0.79 percent, or...

Gold Extends Rally as Safe Haven Demand Picks Up

Gold advanced for third day after White House economic adviser Larry Kudlow accused China of doing ''nothing'' to defuse a trade spat and as tensions between the U.S. and Saudi Arabia continue to simmer. U.S. stock-index futures declined, while equities in China climbed after President Xi Jinping vowed 'unwavering' support for the country's private sector. In an indication of renewed appetite for the metal as a safe haven, bearish bets on gold fell by the most since March. The...

Turkey's President Promises to Reveal 'Naked Truth' About Khashoggi Killing

Turkey's president Recep Tayyip Erdogan is vowing to reveal what he says is the "naked truth" about the death of Saudi journalist Jamal Khashoggi. Erdogan told an Istanbul rally Sunday "We are looking for justice here and this will be revealed in all its naked truth, not through some ordinary steps." Erdogan spoke to U.S. President Donald Trump by telephone Sunday, a Turkey's state-run news agency reports. It says both agree the Khashoggi case needs to be "cleared up with all...

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