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POPULAR NEWS
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...

Gold Marks First Loss in 4 Sessions

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year. "The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold. December gold declined...

Oil Steadies as Saudis Pledge Swift Return of Lost Production

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas Intermediate crude for October delivery rose 8 cents, or 0.1%, to $58.19 a barrel on the New York Mercantile Exchange as of 10:09 a.m. in Singapore. It dropped 2.1% Wednesday following a 5.7% decline on Tuesday. Brent for November settlement added 6 cents...

Hong Kong Shares Fall For Third Day

Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased 0.13 percent, or 36.12 points, to 26,754.12. The benchmark Shanghai Composite Index edged up 0.25 percent, or 7.54 points, to 2,985.66 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.26 percent, or 4.26...

U.S. Oil Futures Extend Losses to a Second Session

Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia's output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of declines. Prices briefly pared some of the losses in earlier dealings on the back of rising U.S. tensions with Iran. President Donald Trump announced via Twitter that he ordered Treasury Secretary Steven Mnuchin to...

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 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...

Gold Marks First Loss in 4 Sessions

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year. "The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold. December gold declined...

Oil Steadies as Saudis Pledge Swift Return of Lost Production

Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks. West Texas Intermediate crude for October delivery rose 8 cents, or 0.1%, to $58.19 a barrel on the New York Mercantile Exchange as of 10:09 a.m. in Singapore. It dropped 2.1% Wednesday following a 5.7% decline on Tuesday. Brent for November settlement added 6 cents...

Hong Kong Shares Fall For Third Day

Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased 0.13 percent, or 36.12 points, to 26,754.12. The benchmark Shanghai Composite Index edged up 0.25 percent, or 7.54 points, to 2,985.66 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.26 percent, or 4.26...

U.S. Oil Futures Extend Losses to a Second Session

Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia's output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of declines. Prices briefly pared some of the losses in earlier dealings on the back of rising U.S. tensions with Iran. President Donald Trump announced via Twitter that he ordered Treasury Secretary Steven Mnuchin to...

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