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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...

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...

Pentagon Defends Track Record in Afghanistan

The Pentagon is rejecting accusations that military leadership "incentivized lying" to portray a more optimistic picture of U.S. efforts in the nearly two-decade-long war in Afghanistan. "The idea that there was some ... effort to hide the truth or the reality on the ground just doesn't hold water," chief Pentagon spokesman Jonathan Hoffman told reporters Thursday. "This idea that there were somehow misstatements or lies, I don't think that really gels," he added. Hoffman's response took...

US Delays New Tariffs on Some Chinese Exports
Wednesday, 14 August 2019 11:36 WIB | GLOBAL |Global

The United States is delaying a new 10% tariff on some key Chinese imports which was supposed to take effect Sept. 1.

The Office of the U.S. Trade Representative said the levies on laptop computers and computer monitors, cellphones, video game consoles, some toys, shoes and clothing will be put off until Dec. 15. The postponement could help U.S. consumers, who often buy such items as Christmas presents.

"What we've done is, we've delayed it so they won™t be relevant in the Christmas shopping season just in case they might have an impact on people," President Donald Trump said Tuesday.

The U.S is also exempting tariffs altogether on a separate group of Chinese imports "based on health, safety, national security and other factors."

But the new tariff will still be imposed on a wide range of other Chinese goods, the U.S. trade office said, with the list of affected products to be announced soon.

After days of losses, U.S. stock indexes surged on news of the tariff rollbacks. Markets in New York jumped 1.5% or more.

Trump contended Tuesday that tariffs he has already imposed on hundreds of billions of dollars of Chinese goods are benefiting the U.S. Treasury. He said the tariffs are not hurting U.S. consumers or farmers whose produce China has stopped buying.

Over a two-year period, Trump has sent or promised to pay U.S. farmers more than $26 billion in government aid to compensate them for losses they have sustained since China stopped buying American grains and other products.

Despite Trump's claim, it is U.S. importers who pay tariffs, not exporters like China, and the American corporations often include the cost of the levies in the price of the goods they sell to other businesses and consumers.

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...

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...

Pentagon Defends Track Record in Afghanistan

The Pentagon is rejecting accusations that military leadership "incentivized lying" to portray a more optimistic picture of U.S. efforts in the nearly two-decade-long war in Afghanistan. "The idea that there was some ... effort to hide the truth or the reality on the ground just doesn't hold water," chief Pentagon spokesman Jonathan Hoffman told reporters Thursday. "This idea that there were somehow misstatements or lies, I don't think that really gels," he added. Hoffman's response took...

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