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POPULAR NEWS
Gold Pares Weekly Gain After Kudlow's Comments on Deal

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China. Spot gold as much as -0.3% to $1,466.90/oz and traded at $1,468.50 at 9:56am in Singapore; +0.6% this week. Bloomberg Dollar Spot Index -0.1%. Other precious metals: Spot silver -0.2% to $16.9965/oz. Palladium +0.1% to $1,741.21/oz. Platinum +0.2% to $882.52/oz. Source: Bloomberg

Dollar buoyed by caution as trade deal optimism wanes

The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood. The dollar clawed back some of the ground it gave to the safe-haven yen overnight, rising 0.1% to buy 108.55 yen, and kept hold of overnight gains against the Australian and New Zealand dollars. Against a basket of currencies, the dollar last traded at 98.163. The euro was stable at $1.1020. Moves were slight as...

Hong Kong Stocks Close Flat, Ending Tough Week

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai Composite Index lost 0.64 percent, or 18.53 points, to 2,891.34 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dived 1.13 percent, or 18.43 points, to 1,605.70. Source : AFP

Dollar Flat After Powell Plays Down Further Cuts

The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day. The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce. The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city™s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging...

Topix Extends Gain After Kudlow Remark on U.S.-China Trade Talks

Japan's Topix extended its advance following remarks from White House economic adviser Larry Kudlow that negotiations over a trade deal with China were coming down to the final stages. Electronics makers and service-sector companies propelled gains in the benchmark, rebounding from its biggest two-day decline in six weeks. The Nikkei 225 Stock Average also rose after fluctuating in early trading. Topix +0.8% to 1,697.83 at the trading break in Tokyo. Gauge -0.9% on Thursday, extending...

South Korean Claims of Warning Shots to Russian Jets Disputed by Moscow
Tuesday, 23 July 2019 23:39 WIB | GLOBAL |Global

South Korean air force jets fired 360 rounds of warning shots Tuesday after a Russian military plane twice violated South Korea's airspace off the country's east coast, Seoul officials said in an announcement that was quickly disputed by Russia.

South Korea said three Russian military planes ” two Tu-95 bombers and one A-50 airborne early warning and control aircraft ” entered the South's air defense identification zone off its east coast before the A-50 intruded in South Korean airspace. Russia said later that two of its Tu-95MS bombers were on a routine flight over neutral waters and didn't enter South Korean territory.

According to South Korean government accounts, an unspecified number of South Korean fighter jets, including F-16s, scrambled to the area and fired 10 flares and 80 rounds from machine guns as warning shots.

Seoul defense officials said the Russian reconnaissance aircraft left the area three minutes later but later returned and violated South Korean airspace again for four minutes. The officials said the South Korean fighter jets then fired 10 flares and 280 rounds from machine guns as warning shots.

South Korea said it was the first time a foreign military plane had violated South Korean airspace since the end of the 1950-53 Korean War.

South Korea's Foreign Ministry and the Joint Chiefs of Staff summoned Russia's acting ambassador and its defense attache to protest.

Source : VOA

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POPULAR NEWS
Gold Pares Weekly Gain After Kudlow's Comments on Deal

Gold declined, trimming its fourth weekly gain in five, after White House economic adviser Larry Kudlow signaled progress on a trade deal with China. Spot gold as much as -0.3% to $1,466.90/oz and traded at $1,468.50 at 9:56am in Singapore; +0.6% this week. Bloomberg Dollar Spot Index -0.1%. Other precious metals: Spot silver -0.2% to $16.9965/oz. Palladium +0.1% to $1,741.21/oz. Platinum +0.2% to $882.52/oz. Source: Bloomberg

Dollar buoyed by caution as trade deal optimism wanes

The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood. The dollar clawed back some of the ground it gave to the safe-haven yen overnight, rising 0.1% to buy 108.55 yen, and kept hold of overnight gains against the Australian and New Zealand dollars. Against a basket of currencies, the dollar last traded at 98.163. The euro was stable at $1.1020. Moves were slight as...

Hong Kong Stocks Close Flat, Ending Tough Week

Hong Kong shares finished barely moved Friday, bringing an end to a tumultuous week that has seen the city crippled by violent protests, which show no sign of abating. The Hang Seng Index inched up 2.97 points to 26,326.66. The benchmark Shanghai Composite Index lost 0.64 percent, or 18.53 points, to 2,891.34 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dived 1.13 percent, or 18.43 points, to 1,605.70. Source : AFP

Dollar Flat After Powell Plays Down Further Cuts

The dollar was mostly flat in early trade in Europe on Friday amid a lull in news ahead of more U.S. economic data later in the day. The greenback is on course for a modest loss of around 0.2% this week, drifting as the world waits for China and the U.S. tie up an elusive trade truce. The threat of a Chinese crackdown on unrest in Hong Kong is also keeping markets on edge. President Xi Jinping urged the city™s chief executive Carrie Lam to clamp down on protests on late on Thursday, urging...

Topix Extends Gain After Kudlow Remark on U.S.-China Trade Talks

Japan's Topix extended its advance following remarks from White House economic adviser Larry Kudlow that negotiations over a trade deal with China were coming down to the final stages. Electronics makers and service-sector companies propelled gains in the benchmark, rebounding from its biggest two-day decline in six weeks. The Nikkei 225 Stock Average also rose after fluctuating in early trading. Topix +0.8% to 1,697.83 at the trading break in Tokyo. Gauge -0.9% on Thursday, extending...

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