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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...

South Korea to Scrap Military Intel Sharing Deal with Japan
Thursday, 22 August 2019 23:24 WIB | GLOBAL |Global

In an escalation of its bitter dispute with Japan, South Korea decided Thursday to scrap a military intelligence sharing agreement with Tokyo, opening a new divide in trilateral security cooperation between the U.S., Japan, and South Korea.

South Korea™s presidential Blue House said Thursday it is not in its national interest to continue a deal signed for the purpose of exchanging sensitive military information with Japan. Seoul will inform Tokyo of its decision before the Saturday deadline to renew the General Security of Military Information Agreement, or GISOMIA, the South Korean statement said.

The decision will worsen tensions between South Korea and Japan, who are involved in a dispute rooted in Japan™s use of forced labor during its colonial occupation of Korea. The move also threatens to further upend security cooperation on U.S. priorities such as North Korea and China.

In announcing its decision, South Korea cited Japan™s recent decision to remove Seoul from its list of trusted trade partners. "The rationale was that a national security problem had arisen due to a breach of trust, yet no concrete evidence to support those allegations was presented," the Blue House statement said. "Under these circumstances, the Government of the Republic of Korea decided that maintaining this Agreement, which was signed to facilitate the exchange of sensitive military information, does not serve our national interest," it added.

The General Security of Military Information Agreement, or GSOMIA, was signed in November 2016.

œI hope there is no impact on policies but there will be an impact on military and intelligence operations, says David Maxwell, a former U.S. special forces colonel in the U.S. Army, who served in South Korea. œInformation will be shared through the US middle man unless South Korea or Japan makes the situation worse by adding caveats such as the information they provide cannot be shared with a third party.

South Korea™s Foreign Minister Kang Kyung-wha said the decision to withdraw from GSOMIA is a œseparate issue from the South Korea-U.S. alliance, according to South Korea™s Yonhap news agency. The decision, she says, was made due to a œtrust issue between Seoul and Tokyo, Yonhap reported.

But the move cannot be separated from Seoul™s alliance with Washington, insists Maxwell, now with the Washington-based Foundation for Defense of Democracies. œIt damages the national security of all three countries though South Korea suffers the worst, he said.

The U.S. military did not immediately respond to VOA requests for comment.

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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