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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Wall Street to Continue Higher; Housing Data Eyed

U.S. stock markets are set to open higher Friday, with investors reveling in a combination of healthy corporate earnings, diminished external growth risks and healthy domestic economic data. Futures for theS&P 500 were trading 8 points, or 0.3% to 3,324.62, higher by 11:55 AM ET (11:55 GMT), futures for the NASDAQ Composite were 34 points, or 0.4%, higher to 9,347, while the Dow Jones 30 futures contract was up 80 points, or 0.3% to 29,315.5. On Thursday, the S&P 500 rose 0.8%, the...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

Japan Says S. Korea Failed to Explain Reason for New Trade Restrictions
Tuesday, 13 August 2019 17:44 WIB | GLOBAL |Global

Japan says it does not understand why it has been removed from South Korea's list of trusted trade partners, the latest move in an escalating trade dispute between the Asian neighbors.

Seoul announced Monday that it had moved Tokyo to a new category that brings more restrictions on exports of sensitive goods. Trade Minister Sung Yun-mo said the new category was for countries that have managed their export controls in a way that violates international norms.

Japanese Trade Minister Hiroshige Seko said on Twitter Tuesday that South Korea has not adequately explained how Japan does not conform to the global export standards. 

The move is the latest in a back-and-forth trade dispute between the two countries which has included Japan dropping South Korea from its own list of preferred trading partners.

Tokyo insists its trade decisions were motivated by national security concerns, while the moves are widely seen as retaliation for recent South Korean court rulings ordering Japanese companies to compensate Koreans who were forced to work during Japan's colonial occupation of Korea.

A trade war between Japan and South Korea, the world's third and 11th largest economies, respectively, would have wide-ranging ramifications.

It could threaten global technology supply chains, since South Korea produces 70 percent of the world's memory chips.

The change is due to go into effect in September. Once it does, South Korean companies wanting to send sensitive goods to Japan will have to go through an approvals process that takes up to 15 days, up from about five days under the current system.

Japan's new policy begins August 28 at which time Japanese companies will need to seek case-by-case approval from the country's trade ministry before shipping certain products to South Korea.

Source : VOA

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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Wall Street to Continue Higher; Housing Data Eyed

U.S. stock markets are set to open higher Friday, with investors reveling in a combination of healthy corporate earnings, diminished external growth risks and healthy domestic economic data. Futures for theS&P 500 were trading 8 points, or 0.3% to 3,324.62, higher by 11:55 AM ET (11:55 GMT), futures for the NASDAQ Composite were 34 points, or 0.4%, higher to 9,347, while the Dow Jones 30 futures contract was up 80 points, or 0.3% to 29,315.5. On Thursday, the S&P 500 rose 0.8%, the...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

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