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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand. Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT). An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%. U.S. President Donald Trump said...

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 Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand. Gold Futures for delivery on the Comex exchange gained 0.8% to $1,510.95a troy ounce by 12:38 AM ET (04:38 GMT). An attack on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply, intensifying tensions in the Middle East and sent oil prices surging as much as 20%. U.S. President Donald Trump said...

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