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POPULAR NEWS
Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year. That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve™s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the...

Gold Prices Fall to Lowest Settlement in Over a Week

Gold prices fell on Thursday to mark their lowest settlement in just over a week. "Gold's sensitivity to trade-deal headlines seems to be easing off," said Adrian Ash, director of research at BullionVault. "Traders are tiring of this flood of rumor and counter-rumor as progress stalls." December gold lost $10.60, or 0.7%, to settle at $1,463.60 an ounce, with prices for the most-active contract at the lowest finish since Nov. 13, according to FactSet data. Source : Marketwatch

Gold Gains as Souring US-China Relations Dent Risk Appetite

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets. Spot gold was up 0.3% at $1,476.50 an ounce and U.S. gold futures rose 0.2% to $1,477. The U.S. Senate passed two bills backing human rights in Hong Kong and banning export of certain munitions to the region™s police forces. China condemned the move and called for...

Gold Steady Amid U.S.-China Tension Before Fed Minutes

Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve meeting later Wednesday. The U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations, drawing a rebuke from authorities in Beijing and potentially complicating trade talks between the two countries. China on Wednesday reiterated a threat to...

U.S. Dollar Flat as Tensions With China Rise Over Hong Kong

The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose. China took offense to the U.S. Senate passing legislation that backed Hong Kong protesters and would ban the export of items like tear gas and rubber bullets to the city's police force, as conflict between the two sides escalated this week. The news added to jitters after U.S. President Donald Trump reiterated that he would raise...

In Taiwan, Airline Employees Go on Strike for Second Time this Year
Tuesday, 25 June 2019 19:15 WIB | GLOBAL |Global

Taiwan™s second airline employee strike this year to date has impacted more than 25,000 passengers just before a peak travel season, showing the powers of labor unions that are uncommon elsewhere in Asia and even among other Taiwanese professions.

An Eva Airways strike that entered its fifth day Monday had spiked about 60% of scheduled flights hit about 25,300 travelers, many of whom were bumped to other airlines. About 2,000 people, two-thirds of all flight attendants, walked away from their posts as many Taiwanese were planning summer holidays.

In February, about 600 of the 900 unionized pilots of China Airlines went on strike for a week during the Lunar New Year travel season. Eva and China Airlines are Taiwan's two biggest carriers, taking passengers daily as far as North America.

Few other Asian airlines have weathered strikes, as many major carriers are state-owned or their home countries lack effective labor unions, analysts believe.

œThis is really related to the fact that the trade unions there hold relatively more power than the rest of what we see in Asia, said Paul Yong, an aviation analyst with DBS Bank in Singapore. œThe power or the amount of influence trade unions have in any country I think is built up over time, and it™s also a function of how powerful the government allows it to be, and to a certain extent also social norms.

Eva Airways flight attendants backed by the Taoyuan Flight Attendants Union have eight demands, including more pay and less overtime on international flights, union member Chou Pei-ru said Monday. Some flights sometimes force workers to wait in overseas airports for weather delays, Chou said. The union is demanding as well more access to the airline™s management to discuss whatever issues come up, she said.

The China Airlines pilots wanted higher salaries and more staffing to ease fatigue on longer flights. The airline agreed to increase the number of pilots.

The exposure is obvious to passengers. Eva Airways had cancelled 158 flights as of Sunday and estimated a business loss of $18.7 million, the company said in a notice to the Taiwan Stock Exchange.  A media office representative with the airline declined comment Monday and said other spokespeople were in all-day meetings.

The February strike by the Pilots Union Taoyuan led to cancellation of 80 flights and $34 million in business losses for China Airlines, the company said then in its own statement to the stock exchange.

Source : VOA

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POPULAR NEWS
Gold Prices Settle Slightly Lower, Then Extend Losses After Fed Meeting Minutes

Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year. That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve™s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the...

Gold Prices Fall to Lowest Settlement in Over a Week

Gold prices fell on Thursday to mark their lowest settlement in just over a week. "Gold's sensitivity to trade-deal headlines seems to be easing off," said Adrian Ash, director of research at BullionVault. "Traders are tiring of this flood of rumor and counter-rumor as progress stalls." December gold lost $10.60, or 0.7%, to settle at $1,463.60 an ounce, with prices for the most-active contract at the lowest finish since Nov. 13, according to FactSet data. Source : Marketwatch

Gold Gains as Souring US-China Relations Dent Risk Appetite

Gold prices rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong posed a potential roadblock for a trade deal between the United States and China, denting appeal for riskier assets. Spot gold was up 0.3% at $1,476.50 an ounce and U.S. gold futures rose 0.2% to $1,477. The U.S. Senate passed two bills backing human rights in Hong Kong and banning export of certain munitions to the region™s police forces. China condemned the move and called for...

Gold Steady Amid U.S.-China Tension Before Fed Minutes

Gold was steady as investors weighed latest developments on the trade front ahead of the release of minutes from the last Federal Reserve meeting later Wednesday. The U.S. Senate unanimously passed a bill Tuesday aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations, drawing a rebuke from authorities in Beijing and potentially complicating trade talks between the two countries. China on Wednesday reiterated a threat to...

U.S. Dollar Flat as Tensions With China Rise Over Hong Kong

The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose. China took offense to the U.S. Senate passing legislation that backed Hong Kong protesters and would ban the export of items like tear gas and rubber bullets to the city's police force, as conflict between the two sides escalated this week. The news added to jitters after U.S. President Donald Trump reiterated that he would raise...

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