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POPULAR NEWS
Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

Trump: US is 'Locked and Loaded' to Respond to Saudi Oil Attack
Monday, 16 September 2019 17:05 WIB | GLOBAL |Global

U.S. President Donald Trump says American forces are 'locked and loaded' to respond to the fiery attacks on one of Saudi Arabia's largest oil fields and the world™s biggest crude oil stabilization facility.

"There is reason to believe we know the culprit," Trump tweeted late Sunday. He added he is waiting to hear from the Saudis as to who they believe is behind the attack and œunder what terms we would proceed.

Earlier, Secretary of State Mike Pompeo had tweeted that œIran has now launched an unprecedented attack on the world's energy supply," discounting the claim of responsibility by Iran-backed Houthi rebels in Yemen who said they carried out the attack by drones.

Iran calls the charges it is behind the attack, œmaximum lies.

Likely targets in Iran for the United States or Saudi Arabia œwould be refineries and critical oil facilities, Ali Shihabi, the founder of the Arabia Foundation, tells VOA.

Shihabi says, despite Trump™s tweet, it is not about Riyadh œdeciding, that any action the Saudis take œin retaliation across the Gulf will expose U.S. troops and facilities to Iranian attack, so it has to coordinate with the U.S.

Middlebury Institute of International Studies scholar Jeffrey Lewis says Trump leaving the decision to the Saudis œis pathetic.

Lewis, the founding publisher of the Arms Control Wonk blog, tells VOA the U.S. president is œclearly leaving himself an out “ so he can declare that he œwanted to retaliate, but it was the Saudis who said no.Lewis adds that Trump œlikes to talk tough and I can™t rule out something symbolic, but I don™t think he has the stomach to start a war.

Source : VOA

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POPULAR NEWS
Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

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