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POPULAR NEWS
Gold poised to snap 4-day rally as metal hits a wall at around $1,370

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018. Some commodity strategists say the precious...

USD/JPY: Tokyo open welcomes risk-on amid quiet trading

The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday. Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday. India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday. U.S. stores and factories reported a pickup in activity...

Tokyo's Nikkei edges up with eyes on trade, central banks

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investor eyes on the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74. Source : AFP

Nikkei Tick Up in Sympathy With Hong Kong, Outlook Cloudy

Japanese share prices ticked up on Monday, erasing initial losses, after Hong Kong shares gained after Hong Kong™s leader indefinitely delayed an unpopular extradition bill that would allow citizens to be sent to mainland China for trial. Still, uncertainties over the global economy, U.S.-China trade frictions and the U.S. Federal Reserve™s policy stance kept many investors on sidelines. Japan™s Nikkei share average rose 0.11% to 21,140 but the broader Topix was down 0.24% at...

US Wages Wide-Ranging Campaign to Block Huawei
Tuesday, 19 March 2019 17:47 WIB | GLOBAL |Global

Over the past several weeks, the U.S. government has launched a seemingly unprecedented campaign to block the Chinese telecom giant Huawei Technologies from competing in the global rollout of next-generation 5G mobile networking technology, claiming that the company is effectively an arm of the Chinese intelligence services.

In an effort that has included top-level officials from the departments of State, Justice, Defense, Homeland Security, and Commerce, as well as the president himself, the Trump administration has taken steps to curtail Huawei™s ability to operate within the U.S. It has also mounted an extraordinary effort to convince U.S. allies to bar the firm from operating on their soil.

Huawei has long been viewed with suspicion and distrust in many corners of the global economy. The company has a documented history of industrial espionage, and its competitiveness on the global stage has been boosted by massive subsidies from the government in Beijing. Still, the scope of the U.S. government™s current offensive against the company is remarkable.

œHuawei has been accused of many things for a very long time. This is nothing new. What is unique is the extent of the pressure campaign, said Michael Murphree, assistant professor of International Business at the University of South Carolina™s Darla Moore School of Business. œIn the grand scheme of international technology competition, this is certainly a very strong effort against a specific firm.

Source : VOA

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POPULAR NEWS
Gold poised to snap 4-day rally as metal hits a wall at around $1,370

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after closing Friday action wit a weekly loss of 0.1% based on the most-active contract prices as of June 7, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018. Some commodity strategists say the precious...

USD/JPY: Tokyo open welcomes risk-on amid quiet trading

The USD/JPY pair trades little positive to 108.60 by the time Tokyo markets open on Monday. Even though lack of fresh developments concerning the US-China trade tussle and absence of major data confined market moves at the week™s start, the US Dollar (USD) pullback pleased buyers of ex-greenback majors during early Monday. India recently became the second Asian country, other than China, to levy tariffs on the US goods. The democratic country announced tariffs on 28 items from the US to...

Gold Retreats From 14-Month High as Fed Cut in Doubt

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn™t an urgent need for the Federal Reserve to cut interest rates. Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday. U.S. stores and factories reported a pickup in activity...

Tokyo's Nikkei edges up with eyes on trade, central banks

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investor eyes on the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00, but the broader Topix index was down 0.45 percent, or 6.97 points, at 1,539.74. Source : AFP

Nikkei Tick Up in Sympathy With Hong Kong, Outlook Cloudy

Japanese share prices ticked up on Monday, erasing initial losses, after Hong Kong shares gained after Hong Kong™s leader indefinitely delayed an unpopular extradition bill that would allow citizens to be sent to mainland China for trial. Still, uncertainties over the global economy, U.S.-China trade frictions and the U.S. Federal Reserve™s policy stance kept many investors on sidelines. Japan™s Nikkei share average rose 0.11% to 21,140 but the broader Topix was down 0.24% at...

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