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POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring ” many of them, Powell noted, linked...

Gold set for worst week in nearly 5 months; Powell's speech in focus

Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.2% to $1,495.80 per ounce, as of 08:05 GMT. The metal has lost nearly 1.2% so far this week, on track for its biggest weekly percentage decline since March 29. U.S. gold futures also slipped 0.2% to $1,505.50 an...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak Friday at 10 a.m. Eastern Time. Powell's speech comes after Kansas City Fed Esther George and the Philadelphia Fed President Patrick Harker, said on CNBC that they would like to hold interest rates...

Abe: Seoul's Ending of Intelligence Deal Damages Mutual Trust

Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decision, said Tokyo œwill continue to closely coordinate with the U.S. to ensure regional peace and prosperity, as well as Japan's security. In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap its military intelligence sharing agreement with Tokyo, opening a...

US Supreme Court Agrees to Hear 1998 Embassy Bombings Case
Friday, 28 June 2019 23:43 WIB | GLOBAL |Global

The Supreme Court agreed Friday to hear a case about billions of dollars awarded by a court to victims of the 1998 bombing of the U.S. embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania.

More than 200 people died in the attacks and more than 1,000 were injured. The justices are starting their summer break, but said they would hear the case after they resume hearing arguments in the fall.

The case the justices agreed to hear involves a group of individuals who were victims of the attacks and their family members. They sued Sudan, arguing that it caused the bombings by providing material support to al-Qaeda.

A trial court awarded approximately $10.2 billion in damages including approximately $4.3 billion in punitive damages. But an appeals court overturned the punitive damages award. The Supreme Court will determine if that decision was correct.

A law called the Foreign Sovereign Immunities Act generally says that foreign countries are immune from civil lawsuits in federal and state courts in the United States. But there's an exception when a country is designated a œstate sponsor of terrorism as Sudan was. The Supreme Court is being asked to decide whether the law allows punitive damages for events that happened before the most recent revision to the act in 2008.

Source : VOA News

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Trump Says He Wants Russia Back at G-7 Summits...
Thursday, 22 August 2019 17:14 WIB

U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula. Moscow was b...

2 US Service Members Killed in Afghanistan...
Thursday, 22 August 2019 10:41 WIB

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POPULAR NEWS
Gold Futures Post a Gain For a 4th Week in a Row

Gold futures rallied Friday, with China™s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days (like today) when we receive a barrage of tweets from President [Donald] Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and [Trump's] multiple tweets attacking the Federal Reserve are...

Powell: U.S. in 'favorable' place, Fed will 'act as appropriate'

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is monitoring ” many of them, Powell noted, linked...

Gold set for worst week in nearly 5 months; Powell's speech in focus

Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.2% to $1,495.80 per ounce, as of 08:05 GMT. The metal has lost nearly 1.2% so far this week, on track for its biggest weekly percentage decline since March 29. U.S. gold futures also slipped 0.2% to $1,505.50 an...

Gold prices head lower, set to snap weekly streak of gains ahead of Powell speech

Gold futures on Friday headed modestly lower ahead of much-awaited speech from Federal Reserve Chairman Jerome Powell near Jackson Hole, Wyo., which could provide some insights about health of the U.S. economy and the path of monetary policy ” key drivers for commodities. Powell is set to speak Friday at 10 a.m. Eastern Time. Powell's speech comes after Kansas City Fed Esther George and the Philadelphia Fed President Patrick Harker, said on CNBC that they would like to hold interest rates...

Abe: Seoul's Ending of Intelligence Deal Damages Mutual Trust

Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decision, said Tokyo œwill continue to closely coordinate with the U.S. to ensure regional peace and prosperity, as well as Japan's security. In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap its military intelligence sharing agreement with Tokyo, opening a...

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