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POPULAR NEWS
Gold futures settle lower, then move higher after Fed cites growing 'uncertainties'

Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months. Prices for the precious metal then climbed in electronic trading after the U.S. Federal Reserve left key interest rates unchanged, but also said it will "closely monitor" the economy in light of growing "uncertainties." August gold was at $1,353 an ounce shortly after the Fed policy statement. The contract settled down $1.90, or 0.1%, at $1,348.80 on Comex, ahead of...

Gold Jumps to More Than 5-Year High as Fed Signals Ready to Cut

Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates. Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,382.83 by 9:13 a.m. in Singapore. Futures in New York climbed as much as 3.6% to $1,397.70 an ounce, also the highest since 2013. The metal has rallied since late May as investors seek havens amid slowing global growth due to the...

Gold Prices Drop Ahead of Fed Decision as U.S.-China Trade Tension Eases

With markets on hold ahead of the Federal Reserve™s policy decision, gold prices dropped on Wednesday on further signs of easing tension in the Sino-U.S. trade dispute. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $3.85, or 0.3%, at $1,346.85 a troy ounce by 7:07 AM ET (11:07 GMT). U.S. President Donald Trump had tweeted on Tuesday that he had a œvery good telephone conversation with President Xi and said trade negotiators from both...

Hong Kong stocks end with healthy gains (review)

Hong Kong stocks ended up one percent Tuesday, building on the previous day's gains, as traders look ahead to a crucial meeting of the Federal Reserve. The Hang Seng Index rose 1.00 percent, or 271.61 points, to 27,498.77. The benchmark Shanghai Composite Index ended up 0.09 percent, or 2.54 points, to 2,890.16 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.16 percent, or 2.45 points, to 1,504.57. Source  : AFP

US oil settles down 0.3% at $53.76 as Fed keeps rates unchanged

Oil prices were little changed on Wednesday after the Federal Reserve said that the central bank will keep interest rates steady. Brent crude futures were down 29 cents, or 0.47 percent, to $61.85 a barrel.U.S. West Texas Intermediate crude settled down 14 cents, or 0.3 percent, to $53.76 a barrel. On Tuesday, it had recorded its biggest daily rise since early January. Government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington...

Pompeo Accuses Huawei of Lying About Ties to Chinese Government
Friday, 24 May 2019 18:54 WIB | GLOBAL |Global

U.S. Secretary of State Mike Pompeo has accused the head of Chinese telecommunications giant Huawei Technologies of lying about his company's relationship with the government in Beijing.

Pompeo said in a CNBC interview Thursday that Huawei "is tied not only to China but to the Chinese Communist Party." He added, "The existence of those connections puts American information that crosses those networks at risk."

Huawei, the world's largest maker of telecommunications network equipment, is a leader in 5G technology. It has been trying to win contracts to build a global network that would make the internet much faster.

Last week, the U.S. government banned American companies from doing business with Huawei, escalating a heated trade war between the world's two largest economies.

CEO Ren Zhengfei has maintained his company would not share secret user information. Huawei denies it is controlled by Beijing. The company also says it does not work with the Chinese government, an assertion Pompeo dismisses.

Source : VOA

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POPULAR NEWS
Gold futures settle lower, then move higher after Fed cites growing 'uncertainties'

Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months. Prices for the precious metal then climbed in electronic trading after the U.S. Federal Reserve left key interest rates unchanged, but also said it will "closely monitor" the economy in light of growing "uncertainties." August gold was at $1,353 an ounce shortly after the Fed policy statement. The contract settled down $1.90, or 0.1%, at $1,348.80 on Comex, ahead of...

Gold Jumps to More Than 5-Year High as Fed Signals Ready to Cut

Gold surged to the highest in more than five years after the U.S. Federal Reserve indicated a readiness to cut interest rates. Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,382.83 by 9:13 a.m. in Singapore. Futures in New York climbed as much as 3.6% to $1,397.70 an ounce, also the highest since 2013. The metal has rallied since late May as investors seek havens amid slowing global growth due to the...

Gold Prices Drop Ahead of Fed Decision as U.S.-China Trade Tension Eases

With markets on hold ahead of the Federal Reserve™s policy decision, gold prices dropped on Wednesday on further signs of easing tension in the Sino-U.S. trade dispute. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $3.85, or 0.3%, at $1,346.85 a troy ounce by 7:07 AM ET (11:07 GMT). U.S. President Donald Trump had tweeted on Tuesday that he had a œvery good telephone conversation with President Xi and said trade negotiators from both...

Hong Kong stocks end with healthy gains (review)

Hong Kong stocks ended up one percent Tuesday, building on the previous day's gains, as traders look ahead to a crucial meeting of the Federal Reserve. The Hang Seng Index rose 1.00 percent, or 271.61 points, to 27,498.77. The benchmark Shanghai Composite Index ended up 0.09 percent, or 2.54 points, to 2,890.16 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.16 percent, or 2.45 points, to 1,504.57. Source  : AFP

US oil settles down 0.3% at $53.76 as Fed keeps rates unchanged

Oil prices were little changed on Wednesday after the Federal Reserve said that the central bank will keep interest rates steady. Brent crude futures were down 29 cents, or 0.47 percent, to $61.85 a barrel.U.S. West Texas Intermediate crude settled down 14 cents, or 0.3 percent, to $53.76 a barrel. On Tuesday, it had recorded its biggest daily rise since early January. Government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington...

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