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POPULAR NEWS
Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shifted focus to the Federal Reserve decision Wednesday on interest rates. December gold on Comex tacked on $1.90, or 0.1%, to settle at $1,513.40 an ounce, after a 0.8% gain on Monday. Prices for the most-active contract marked their highest settlement since Sept. 6 for a...

Gold Posts Third Straight Gain Ahead of Fed Policy Decision

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest rates Wednesday. The Fed meeting comes amid increased volatility in the U.S. money markets that raises the odds for the central bank to expand its balance sheet. From 2008 to 2011, the Fed bought $2.3 trillion of debt, sending gold to a record that year. Bullion prices also advanced as investors weighed the impact of...

U.S. Stocks End Modestly Higher Ahead Of Fed Decision

U.S. stocks finished with modest gains Tuesday, a day ahead of the outcome of a Federal Reserve policy meeting that's expected to deliver a rate cut. The Dow Jones Industrial Average rose around 31 points, or 0.1%, to end near 27,108, according to preliminary figures, while the S&P 500 gained around 8 points, or 0.3%, to close near 3,006. The Nasdaq Composite finished near 8,186, a gain of around 32 points, or 0.4%. Stocks bounced back from modest losses seen a day earlier when oil prices...

Oil's Dramatic Advance Pauses as Market Awaits Saudi Clarity

Oil's record-breaking advance paused on Tuesday as the market awaited clarity on how long it'll take Saudi Arabia to restore output that was cut in half by the devastating attacks on its production facilities. It was a subdued start to trading after the fireworks on Monday, when Brent crude rose the most on record and U.S. futures jumped more than 15%. All eyes are on how fast the kingdom can recover from the strike, which knocked out about 5% of global supply....

U.S. Oil Futures Settle With a Loss of Nearly 6%

Oil futures declined Tuesday, with U.S. prices losing nearly 6%. The move follows news that Saudi Arabia's energy minister Prince Abdulaziz bin Salman said the kingdom has restored 50% of its production lost in the weekend attacks on its oil facilities and plans to see its output return to normal by the end of this month, according to The Wall Street Journal. With capacity of 11 million barrels a day to be restored by end-September, "there will be minimal disruption to global supply," wrote...

Trump Says He Wants Russia Back at G-7 Summits
Thursday, 22 August 2019 17:14 WIB | GLOBAL |Global

U.S. President Donald Trump said Wednesday he wants Russia back at the Group of Seven summits of the world's leading economies, even though it still controls Ukraine's Crimean Peninsula.

Moscow was booted from the group over its unilateral 2014 annexation of the peninsula.

As the G-7 leaders head to the French Atlantic seaside town of Biarritz for their annual meeting this weekend, Trump said it would make sense for Russian President Vladimir Putin to be part of the group again.

Trump seemed unconcerned that Russia considers Crimea part of its territory, instead blaming former U.S. President Barack Obama for Russia's takeover of Crimea.

"They took over during [Obama's] term, not mine," Trump said. "The fact is President Putin totally outsmarted President Obama on Crimea and other things. He made a living on outsmarting President Obama and frankly because of it, Obama was upset and he got [Putin] out of what was the G-8 into the G-7."

"We spend a lot of time talking about Russia at those meetings and they're not there," Trump told reporters Wednesday as he fielded questions on the White House driveway. "I think it would be a good thing if Russia were there, so we could speak directly, not have to speak by telephone."

Trump added, "We're looking for world peace, trade and other things. It would be a lot easier to have Russia in where they had always been."

A day earlier, Trump said that if another country at this week's summit moved to readmit Russia, "I would certainly be disposed to think about it very favorably."

The G-7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the U.S., described by the International Monetary Fund as the world's seven largest advanced economies, representing 58% of the global net wealth. China is the world's second-biggest economy, after the U.S., but is not part of the G-7. Russia has the world's 12th largest economy.

It was not immediately clear whether any of the other countries support Russia rejoining the G-7 to again make it the G-8.

The White House says Trump and French President Emmanuel Macron agree that Russia should be invited to the 2020 G-7 meeting, when Trump is hosting it in the United States.

However, Macron took a firmer stance Wednesday against simply letting Russia rejoin the G-7 without resolving the Ukraine conflict, where, aside from the Crimean annexation, Russian-supported insurgents have fought Ukrainian forces in eastern Ukraine for years, killing thousands.

"I think to say that without any conditions Russia can return to the table would be signing off the weakness of the G-7," Macron said. "It would be a strategic error for us and the consecration of this age of impunity."

Macron said that while it is important to discuss international affairs with Russia, the Ukraine crisis must be resolved before Russia can return to the G-7.

Source : VOA

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POPULAR NEWS
Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shifted focus to the Federal Reserve decision Wednesday on interest rates. December gold on Comex tacked on $1.90, or 0.1%, to settle at $1,513.40 an ounce, after a 0.8% gain on Monday. Prices for the most-active contract marked their highest settlement since Sept. 6 for a...

Gold Posts Third Straight Gain Ahead of Fed Policy Decision

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest rates Wednesday. The Fed meeting comes amid increased volatility in the U.S. money markets that raises the odds for the central bank to expand its balance sheet. From 2008 to 2011, the Fed bought $2.3 trillion of debt, sending gold to a record that year. Bullion prices also advanced as investors weighed the impact of...

U.S. Stocks End Modestly Higher Ahead Of Fed Decision

U.S. stocks finished with modest gains Tuesday, a day ahead of the outcome of a Federal Reserve policy meeting that's expected to deliver a rate cut. The Dow Jones Industrial Average rose around 31 points, or 0.1%, to end near 27,108, according to preliminary figures, while the S&P 500 gained around 8 points, or 0.3%, to close near 3,006. The Nasdaq Composite finished near 8,186, a gain of around 32 points, or 0.4%. Stocks bounced back from modest losses seen a day earlier when oil prices...

Oil's Dramatic Advance Pauses as Market Awaits Saudi Clarity

Oil's record-breaking advance paused on Tuesday as the market awaited clarity on how long it'll take Saudi Arabia to restore output that was cut in half by the devastating attacks on its production facilities. It was a subdued start to trading after the fireworks on Monday, when Brent crude rose the most on record and U.S. futures jumped more than 15%. All eyes are on how fast the kingdom can recover from the strike, which knocked out about 5% of global supply....

U.S. Oil Futures Settle With a Loss of Nearly 6%

Oil futures declined Tuesday, with U.S. prices losing nearly 6%. The move follows news that Saudi Arabia's energy minister Prince Abdulaziz bin Salman said the kingdom has restored 50% of its production lost in the weekend attacks on its oil facilities and plans to see its output return to normal by the end of this month, according to The Wall Street Journal. With capacity of 11 million barrels a day to be restored by end-September, "there will be minimal disruption to global supply," wrote...

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