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POPULAR NEWS
Gold Edges Up On U.S.-China Tensions; Set For Second Monthly Gain

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fueled demand for the safe-haven metal. Spot gold was up 0.1% at $1,719.47 per ounce by 0342 GMT. U.S. gold futures rose 0.3% to $1,717.60. However, the metal was down for the week, having dropped to a two-week low on Wednesday as easing lockdown measures around the world boosted hopes of an economic recovery. Source :...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures. President Donald Trump said that he was preparing to hold a Friday news conference on China but hasn't set a specific time. His planned remarks would come after the U.S., Australia, Canada and the U.K. governments issued a joint statement Thursday reiterating their "deep concern regarding Beijing's decision to...

Dollar In Narrow Range As Focus Shifts To Trump China Response

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The yuan pulled away from a record low in offshore trade, but investors remain nervous ahead of Trump™s announcement later on Friday of policy moves that could ignite a diplomatic row between Washington and Beijing. The greenback was on course for a weekly loss against major currencies as progress...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

Report: China's Huawei Helped Develop North Korean Wireless Network
Tuesday, 23 July 2019 08:20 WIB | GLOBAL |Global

Huawei Technologies, China's giant tech firm enmeshed in Beijing's trade dispute with the United States, secretly helped North Korea develop a commercial wireless network in recent years, The Washington Post reported Monday.

The newspaper said that a review of internal company documents and sources familiar with Huawei's operations showed that the company partnered with a Chinese state-owned firm, Panda International Information Technology, on several North Korean projects over a span of at least eight years.

The Post said the source of the information - past work orders, contracts and detailed spreadsheets - was a former Huawei employee who considered the information to be of public interest, but spoke on the condition of anonymity, citing a fear of retribution.

Huawei's assistance to North Korea raises immediate questions whether the company, which has used American technology in its products, violated U.S. export controls against furnishing equipment to Pyongyang. The reclusive communist regime continues to be under international economic sanctions related to its nuclear weapons development and human rights abuses.

The administration of President Donald Trump, citing national security concerns, sanctioned Huawei in May, prohibiting U.S. companies from selling parts to Huawei without special licenses out of fear that its products could be used to gather intelligence for Beijing. China has called Huawei a "national champion."

But after Trump met with Chinese President Xi Jinping at the G-20 economic summit in Japan a month ago, the U.S. leader, in an effort to restart trade talks with China, acceded to Xi's request to renew sales of American parts to Huawei, but said that would only occur if the sales posed no threat to U.S. national security.

Separately from Huawei's involvement in North Korea, the U.S. has accused the company with bank fraud and violations of its ban on trade with Iran. The company has pleaded not guilty.

In a statement, Huawei said it "has no business presence" in North Korea, but declined to answer questions whether it had worked there in the past.

"Huawei is fully committed to comply with all applicable laws and regulations in the countries and regions where we operate," the company said, "including all export control and sanction laws and regulations of the United Nations, United States and European Union."

White House economic adviser Larry Kudlow is meeting Monday with U.S. semiconductor and software executives about economic matters, as well as sales of their products to Huawei. Despite Trump's agreement with Xi to reopen sales that did not threaten U.S. national security, the U.S. has yet to detail what sales will be permitted.

Source : VOA

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POPULAR NEWS
Gold Edges Up On U.S.-China Tensions; Set For Second Monthly Gain

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fueled demand for the safe-haven metal. Spot gold was up 0.1% at $1,719.47 per ounce by 0342 GMT. U.S. gold futures rose 0.3% to $1,717.60. However, the metal was down for the week, having dropped to a two-week low on Wednesday as easing lockdown measures around the world boosted hopes of an economic recovery. Source :...

Gold Rises Friday and Set for Weekly Gain as Investors Await President Trump Statement on China

Gold futures headed higher for a second session Friday, putting gold prices on track for a modest weekly gain amid focus on U.S.-China tensions and global monetary stimulus measures. President Donald Trump said that he was preparing to hold a Friday news conference on China but hasn't set a specific time. His planned remarks would come after the U.S., Australia, Canada and the U.K. governments issued a joint statement Thursday reiterating their "deep concern regarding Beijing's decision to...

Dollar In Narrow Range As Focus Shifts To Trump China Response

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The yuan pulled away from a record low in offshore trade, but investors remain nervous ahead of Trump™s announcement later on Friday of policy moves that could ignite a diplomatic row between Washington and Beijing. The greenback was on course for a weekly loss against major currencies as progress...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

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