Tough sanctions will remain on North Korea until its complete denuclearization, the U.S. secretary of state said on Thursday, apparently contradicting the North’s view that the process agreed at this week’s summit would be phased and reciprocal. U.S. President Donald Trump and North Korean leader Kim Jong Un issued a […]
CNBC News
Sony shares slide amid gamer backlash over ‘Fortnite’ PlayStation 4 and Nintendo Switch issue
Players of hit game “Fortnite” have hit out at Sony over a problem that has seen users have issues playing the title on a Nintendo Swtich console after initially using it on a PlayStation 4. Gamers have taken to social media and forums like Reddit to express anger over the […]
Major Asian markets close sharply lower after Fed signals more hikes ahead; Kospi leads losses
Major Asian markets closed sharply lower on Thursday after the Federal Reserve raised interest rates, a widely expected move, and indicated two more rate hikes were likely in 2018. The Nikkei 225 saw losses steepen as the yen firmed near the end of the session. The index sank 0.99 percent, […]
Colombia is heading for a run-off presidential election. Here’s what’s at stake
Last month, Colombia held its first presidential election since the government signed a historic 2016 peace agreement with guerrilla movement the Revolutionary Armed Forces of Colombia. The poll was set to be a referendum on that deal, but it proved inconclusive, and the country is heading to a runoff. The […]
How Italian turmoil in the bond markets could spark a domino effect across Europe
Banks in major European economies could be severely hurt by political developments in Italy given their exposure to Italian debt, with France’s lenders leading the potential losses. Recent political turmoil in Italy has increased the borrowing costs for the euro zone’s third-largest economy, but it has also raised questions about […]
Microsoft takes aim at Amazon with push for checkout-free retail
Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters. The Redmond, Wash.-based software giant is developing systems that track what shoppers add to their carts, the […]
US, South Korea and Japan officials play down fears after Trump summit
American, South Korean and Japanese officials strove to present a unified stance Thursday in an effort to quell concerns about Washington’s military commitment to Asia. Earlier this week, President Donald Trump’s said that he would suspend U.S.-South Korean military drills and that he hoped to eventually remove American soldiers from […]
LG Electronics jumps more than 4% even as the broader Kospi tumbles
Shares of LG Electronics jumped more than 4 percent on Thursday, outperforming other South Korean technology shares and the broader market. LG Electronics rose 4 percent to 93,600 Korean won ($86.50) in Asia afternoon trade. But even with Thursday’s gains, the stock was still down more than 18 percent from […]
The World Cup will give Russia’s economy a boost — just don’t expect it to last
Russian President Vladimir Putin will be hoping that the soccer World Cup, which starts on Thursday and puts his country in the international spotlight, will bring an economic boost – but experts are downbeat about any long-term benefit. Russia will host the largest event on the footballing calendar from June […]
Asian shares decline after Fed signals more hikes ahead; Kospi leads losses
Asian markets declined on Thursday after the Federal Reserve raised interest rates, a widely expected move, and indicated two more rate hikes were likely in 2018. The Nikkei 225 slipped 0.53 percent, paring steeper losses seen earlier in the session. Mining stocks fell 1.79 percent as most other sectors declined, […]