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POPULAR NEWS
Gold Futures Settle with a Modest Loss

Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a number of bullish developments for prices, however, including the increases in cases of coronavirus, which is supportive for the haven metal, he said. August gold fell 70 cents, or 0.04%, to settle at...

Gold Futures Settle with a Modest Gain, Buoyed by a Retreat in The U.S. Dollar

Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in global stock markets, on the heels of some positive news surrounding a coronavirus vaccine limited gold's price climb. August gold rose 40 cents, or 0.02%, to settle at $1,813.80 an ounce. Source : Marketwatch

Gold Holds Gain Above $1,800 as Silver Futures Advance

Gold held a two-day advance above $1,800 an ounce as investors tracked tensions between the U.S. and China, progress in developing a coronavirus vaccine, and the mixed outlook for the global economy. Silver futures neared $20 an ounce. President Donald Trump ordered an end to Hong Kong™s special status with the U.S., the latest escalation in tensions between the world™s largest economies. Trump also said he had no plans to speak with Chinese President Xi...

Hong Kong Stocks Close Lower (Review)

Hong Kong shares finished more than one percent lower Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again. The Hang Seng Index shed 1.14 percent, or 294.23 points, to 25,477.89. The benchmark Shanghai Composite Index fell 0.83 percent, or 28.67 points, to 3,414.62 while the Shenzhen Composite Index on China's second exchange slipped 0.85 percent, or 19.83 points, to 2,309.57. Source : AFP

Oil rises slightly ahead of OPEC+ meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Brent crude futures gained 18 cents, or 0.42%, to settle at $42.90 per barrel, after moving lower earlier in the session. West Texas Intermediate crude futures settled 19 cents, or 0.47%, higher at $40.29 per barrel. The Organization of the Petroleum Exporting Countries and its allies led by...

Japan Says Curbs on Exports to South Korea Due to Broken Pledge
Thursday, 4 July 2019 00:20 WIB | GLOBAL |Global

Prime Minister Shinzo Abe said Wednesday that Japan cannot give South Korean exports preferential treatment because the country is not abiding by an agreement regarding wartime issues that Japan insists have been resolved.

Abe was objecting to criticism over escalating tensions between the two neighbors amid disputes over Koreans forced to work as laborers during World War II.

He was defending a decision announced Monday to impose restrictions on Japan's exports of semiconductor-related materials to South Korea. As of Thursday, exports of some materials used in manufacturing computer parts, including fluorinated polyimides used for displays, must apply for approval for each contract.

œWe did not intertwine historical issues with trade issues,'' Abe said. œThe issue of former Korean laborers is not about a historical issue but about whether to keep the promise between countries under international law and what to do when the promise is broken.''

Abe made the comment when asked about diplomacy during a party leaders' debate ahead of Tuesday's start of official campaigning for the July 21 Upper House elections.

Relations between the two main U.S. allies in East Asia have rapidly soured since South Korea's top court in October ordered Nippon Steel & Sumitomo Metal Corp. to pay 100 million won ($88,000) each to four plaintiffs forced to work for the company during Japan's 1910-1945 colonization of the Korean Peninsula. South Korea's top court ordered the seizure of local assets of the company after it refused to pay the compensation. Mitsubishi Heavy Industries also has refused an order by South Korea's Supreme Court to financially compensate 10 Koreans for forced labor during Japan's colonial era.

Abe said each country bears a responsibility to carry out export controls for national security reasons. œithin that obligation, if another country fails to keep its promise, we cannot give it preferential treatment like before,'' he said.

Abe and other officials have offered conflicting explanations for the move, citing both a lack of trust and unspecified security concerns.

On Tuesday, Chief Cabinet Secretary Yoshihide Suga cited national security concerns and œlack of trust'' after exchanges with Seoul for Japan's export control measures on South Korea. 

Japan is a major supplier of materials used to make the computer chips that run most devices, including Apple iPhones and laptop computers. Tokyo's decision is also expected to affect exports called œresists'' that are used for making semiconductors, and hydrogen fluoride used for semiconductors, pharmaceuticals and polymers such as nylon and Teflon.

Source : VOA

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POPULAR NEWS
Gold Futures Settle with a Modest Loss

Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is more wait and see" ahead of the next big catalyst or move, said James Hatzigiannis, chief market strategist at Ploutus Capital Advisors. There are a number of bullish developments for prices, however, including the increases in cases of coronavirus, which is supportive for the haven metal, he said. August gold fell 70 cents, or 0.04%, to settle at...

Gold Futures Settle with a Modest Gain, Buoyed by a Retreat in The U.S. Dollar

Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in global stock markets, on the heels of some positive news surrounding a coronavirus vaccine limited gold's price climb. August gold rose 40 cents, or 0.02%, to settle at $1,813.80 an ounce. Source : Marketwatch

Gold Holds Gain Above $1,800 as Silver Futures Advance

Gold held a two-day advance above $1,800 an ounce as investors tracked tensions between the U.S. and China, progress in developing a coronavirus vaccine, and the mixed outlook for the global economy. Silver futures neared $20 an ounce. President Donald Trump ordered an end to Hong Kong™s special status with the U.S., the latest escalation in tensions between the world™s largest economies. Trump also said he had no plans to speak with Chinese President Xi...

Hong Kong Stocks Close Lower (Review)

Hong Kong shares finished more than one percent lower Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again. The Hang Seng Index shed 1.14 percent, or 294.23 points, to 25,477.89. The benchmark Shanghai Composite Index fell 0.83 percent, or 28.67 points, to 3,414.62 while the Shenzhen Composite Index on China's second exchange slipped 0.85 percent, or 19.83 points, to 2,309.57. Source : AFP

Oil rises slightly ahead of OPEC+ meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Brent crude futures gained 18 cents, or 0.42%, to settle at $42.90 per barrel, after moving lower earlier in the session. West Texas Intermediate crude futures settled 19 cents, or 0.47%, higher at $40.29 per barrel. The Organization of the Petroleum Exporting Countries and its allies led by...

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