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☆ The new Chinese EV that wants to take on Tesla and Porsche is coming this month
▼ + stars: | 2024-03-12 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Chinese smartphone maker Xiaomi designed the SU7 to challenge Tesla and Porsche. The EV claims a top range of 500 miles — about 95 miles more than the Tesla Model S, per Xiaomi. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChinese smartphone maker Xiaomi is launching a new Tesla fighter later this month, marking yet another competitor for CEO Elon Musk in the critical Chinese EV market. The SU7 model, a high-end electric car, is set to launch on March 28 in China, CEO Lei Jun said in a Tuesday post on X.

Persons: Xiaomi, Tesla, —, Elon Musk, Lei Jun Organizations: Porsche, Tesla, Service, Apple, Business Locations: Beijing, China

☆ Gold retreats from near record-high levels ahead of U.S. inflation data
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices slipped from near record-high levels on Tuesday, as traders braced for key U.S. inflation report that could give more clarity on when the Federal Reserve might start cutting its interest rates. Spot gold fell 0.2% to $2,178.53 per ounce, as of 0424 GMT, after rising for nine consecutive sessions. "Following the stellar run-up in gold prices, it does call for some near-term breather," IG market strategist Yeap Jun Rong said. Another surprise run of hotter-than-expected inflation data for February will likely challenge that, which could drive some near-term unwinding in gold prices." Traders are pricing in three to four quarter-point (25 bps) U.S. rate cuts, with a 70% chance for the first in June, as per LSEG's interest rate probability app.

Persons: Bullion, Yeap Jun Rong, there's, Tim Waterer Organizations: Co, Federal Reserve, Traders, U.S . Treasury, KCM Trade Locations: Bangkok, Thailand, U.S

TOKYO (AP) — Asian shares were trading mixed Thursday, after Wall Street recovered some losses from the day before. Japan's benchmark Nikkei 225 momentarily reached a record high in early trading but slipped later to finish at 39,598.71, down 1.2%. “The positive handover from Wall Street, alongside lower Treasury yields and a weaker U.S. dollar, may offer some relief as Fed Chair’s testimony failed to drive much hawkish deviation from his usual script,” said Yeap Jun Rong, market analyst at IG. As always, Wall Street scrutinized each of Powell's words for hints about when the Federal Reserve could begin cutting its main interest rate, which is at its highest level since 2001. “We want to see a little more data so we can become more confident.”Traders have already shelved earlier expectations for a cut in March, and they’re now eyeing June as the likeliest beginning.

Persons: Australia's, ”, Yeap Jun Rong, Jerome Powell, CrowdStrike, Steven Mnuchin, Donald Trump, Powell, ” Powell, Rubeela Farooqi, Locker, Brent, Stan Choe Organizations: TOKYO, Wall, Nikkei, IG, Federal, Dow Jones, Nasdaq, Nvidia, Big Tech, New York Community Bancorp, U.S, Treasury, Federal Reserve, Fed, Traders, AP Locations: Hong, Shanghai

☆ This retailer is expected to move big this week on earnings. How to profit on it using options
▼ + stars: | 2024-03-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

It refers to the estimated future volatility of the underlying asset through a future (expiration) date. Leaving the fancy options mumbo jumbo to the side, it's just another way options traders think about the price of an option . It is because inputting volatility solves for price, or inputting price solves for volatility, that options traders tend to think of the two interchangeably. Big move expected for Foot Locker In the table below, we highlight some of the stocks reporting this week where options prices estimate fairly high moves around earnings. And how does one play it given that Foot Locker options are incredibly expensive?

Persons: Foot, Locker Organizations: Big, Nike Locations: it's

☆ Chinese leaders to hold annual 'Two Sessions' meeting as debate about bazooka-like stimulus swirls
▼ + stars: | 2024-03-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Edgar Su | ReutersBEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus. China's economic policy is typically set at an annual meeting in December by leaders within the ruling Communist Party of China. GDP and other economic targetsThe Chinese People's Political Consultative Conference, an advisory body, is set to kick off its annual meeting on Monday. "On balance, the additional fiscal impulse this year, assuming a bazooka-like fiscal package is not forthcoming, is unlikely to be particularly large." China's foreign minister and premier typically hold press conferences during the parliamentary meetings, which generally end in mid-March.

Persons: Edgar Su, Wang Jun, Wang, Zong Liang, Louise Loo, Loo, Goldman Sachs, Bank of China's Zong Organizations: of, Initiative, Reuters, Huatai Asset Management, CNBC, Communist Party of China, U.S, Political Consultative Conference, National People's, Oxford Economics, Industry, Information Technology, Science, Technology, Housing, Bank of, Communist Party's, Communist Party of Locations: Beijing, China, Reuters BEIJING, U.S . Federal, RMB3.8tn, Bank of China's

☆ South Korea and US begin large annual military drills with eye on North Korea
▼ + stars: | 2024-03-04 | by ( Brad Lendon | Gawon Bae | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —South Korea and the United States began their annual Freedom Shield joint military drills on Monday to bolster readiness against North Korea. The 11-day drills will integrate elements of “live exercises” with constructive simulations, according to United States Forces Korea (USFK) and South Korea’s Defense Ministry. North Korea has previously condemned US and South Korea joint military drills, but it has not yet made any official comment or response to the current exercises. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished. Meanwhile, North Korea has fostered closer ties with Russia, providing Moscow with arms for its war in Ukraine.

Persons: Seoul’s, Lee Sung, jun, USFK, Kim Jong, Kim, ” Organizations: South Korea CNN, United States, North, United States Forces, Korea’s Defense Ministry, Chiefs, Staff, South, CNN North Korean Locations: Seoul, South Korea, North Korea, United States Forces Korea, Northeast Asia, Korea, Russia, Moscow, Ukraine, East Asia, United States

☆ Why this artist photographed herself at dizzying heights
▼ + stars: | 2024-03-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +5 min

CNN —Twenty-four floors up a Manhattan high rise, the photographer Ahn Jun sat on her windowsill one crisp day in 2008, dangling her leg precariously outside over the city. In the self-portrait series, Ahn sat on roof corners and building ledges, sometimes showing her whole body perched on the edge; in others, just her legs and feet are visible above the straight vertical drop below. It wasn’t a sudden interest in thrill-seeking behavior, but a more conceptual idea that Ahn was chasing: the sense of the void. The first time she looked out over her apartment’s edge in Manhattan seemed to her to crystallize that feeling. Soon, she was flooded with emails, Ahn explained, some with positive feedback, but others critical of her work, or sexually harassing her.

Persons: CNN —, Ahn Jun, Ahn, “, ”, she’d, who’d Organizations: CNN, South, Pratt Institute, British, of, Guardian, Paris, Museum of Photography, Hongik University Locations: Manhattan, South Korean, Brooklyn, New York, Seoul, Korea, Hong Kong, Daegu, South Korea, she’ll, Nara, Japan

☆ IQiyi, the Netflix of China, posts first year of profits and says it's 'excited' about Sora
▼ + stars: | 2024-02-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora. Speaking exclusively to CNBC on Thursday, Wang said such tools can help iQiyi tell stories more creatively, and that internally, it is exploring the text-to-video space. For 2023, iQiyi said Wednesday its original content accounted for a record 65% of major dramas it released. Other major Chinese video platforms with longer-form content include Tencent Video, Alibaba -owned Youku and Bilibili . Recent data insights show more people across China are watching iQiyi's content on internet-connected television sets, and, increasingly screens inside electric cars, Wang said.

Persons: Wang Jun, Wang, OpenAI, Sora, iQiyi Organizations: Bloomberg, Getty, CNBC, Apple Locations: BEIJING, U.S, Beijing, China

☆ Zong Qinghou, self-made billionaire founder of top Chinese beverage brand Wahaha, dies
▼ + stars: | 2024-02-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

The self-made billionaire, who was once China’s richest man, died of an illness on Sunday at the age of 79, his company Hangzhou Wahaha Group said in a brief statement, without providing further details. Victory in that bitter battle boosted Zong’s wealth to $8 billion, making him China’s richest man in 2010 and again in 2012, according to Forbes. He was nicknamed “the richest man in cloth shoes” for always sporting plain black shoes, complete with a dark jacket and slacks. That year, Zong founded the Hangzhou Wahaha Group after acquiring a failing state-run canned food factory. The dispute was eventually settled in 2009, with Danone selling its stake for about $500 million and ceding all control to Wahaha.

Persons: Hong Kong CNN — Zong Qinghou, Zong, Forbes, Jack Ma, Lei Jun, Zong Fuli, Mao Zedong’s, ”, Deng Xiaoping, Wahaha, Danone Organizations: Hong Kong CNN, Hangzhou Wahaha, Danone, Forbes, Getty Locations: China, Hong Kong, Hangzhou, “, Guangzhou, Beijing

☆ U.S. Vetoes U.N. Resolution Calling for a Cease-Fire in Gaza
▼ + stars: | 2024-02-20 | by ( Cassandra Vinograd | Matthew Mpoke Bigg | ) www.nytimes.com time to read: +4 min

For a third time, the United States on Tuesday vetoed a United Nations Security Council resolution calling for an immediate humanitarian cease-fire in the Israel-Hamas war, claiming that the resolution would jeopardize a hostage-release deal. The United States is working on a hostage deal between Israel and Hamas, along with Egypt and Qatar. The United States on Tuesday vetoed a United Nations Security Council resolution put forth by Algeria that would have called for an immediate cease-fire in Gaza. Humanitarian agencies, U.N. officials and other diplomats have argued that without a cease-fire, humanitarian aid at the scale that Gaza needs is not possible. The United States said that the resolution would jeopardize Washington’s negotiation efforts with Qatar and Egypt to broker a deal that would release hostages from Gaza in exchange for a temporary humanitarian cease-fire.

Persons: you’ve, Washington, ”, Linda Thomas, Greenfield, Amar Bendjama, Israel, Biden’s, Zhang Jun Organizations: United Nations Security, Hamas, United, United Nations, U.S, Security Locations: United States, Israel, Egypt, Qatar, Gaza, Algeria, U.S, Rafah, Brazil, Russia, China

☆ Gold at one-week high as soft dollar, Middle East turmoil lift demand
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Spot gold was up 0.3% at $2,019.99 per ounce, as of 0530 GMT, hitting its highest since Feb. 13. U.S. gold futures rose 0.4% to $2,031.50 per ounce. Spot platinum dipped 0.3% to $903.04, palladium rose 0.7% to $956.66, while silver fell 1.2% to $23.12 per ounce.

Persons: Yeap Jun Rong, Wang Tao, Jun Rong, Raphael Bostic Organizations: U.S ., Maritime Trade Operations, Market, Fed Bank of Atlanta, CME Locations: Mandab, Yemen, China

UNITED NATIONS (AP) — Russia and China on Wednesday accused the United States and Britain of illegally attacking military sites used by Yemen’s Houthi rebels to launch missiles at commercial vessels in the Red Sea, disrupting global shipping. U.S. deputy ambassador Robert Wood and UK Ambassador Barbara Woodward countered that the Houthi attacks are illegal, and their “proportionate and legal action” against the Yemen rebels are being taken in self-defense. “An immediate cease-fire in Gaza will help to stabilize the situation in the Red Sea, and the de-escalation in those waters will in turn unblock the efforts of the special envoy, Mr. Grundberg,” Polyansky said. The war has devastated Yemen, already the Arab region’s poorest country, and created one of the world’s worst humanitarian disasters. This year, the Yemen appeal is more targeted and seeks $2.7 billion to reach 11.2 million people across Yemen.

Persons: Yemen’s Houthi, Robert Wood, Barbara Woodward, Woodward, U.N, Dmitry Polyansky, Zhang Jun, Yemen Hans Grundberg, Wood, Bab, ” Wood, “, ”, Moscow “, Grundberg, ” Russia’s Polyansky, ” Polyansky, Wosornu Organizations: UNITED NATIONS, —, . Security, U.S Locations: — Russia, China, United States, Britain, Red, Yemen, Gaza, Israel, Asia, Europe, United Kingdom, U.S, Mandeb, Aden, ”, Iran, Moscow, Russia, Sanaa, Saudi, Saudi Arabia, israel

That may relieve pressure on the central bank to alter its longstanding ultra-lax monetary policy and raise its benchmark interest rate from minus 0.1%. Inflation has been cooling enough that the Federal Reserve has hinted it may cut its main interest rate several times this year. Reports showing the U.S. economy and job market remain remarkably solid, along with some comments from Fed officials, have been forcing the delays. In energy trading, benchmark U.S. crude rose 27 cents to $77.19 a barrel in electronic trading on the New York Mercantile Exchange. In currency trading, the U.S. dollar rose to 149.67 Japanese yen from 149.34 yen.

Persons: Germany's DAX, Australia's, Korea's Kospi, ” Yeap Jun Rong, that’s Organizations: TOKYO, CAC, FTSE, Dow Jones, Nikkei, Bank of Japan, IG, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: Asia, China , Hong Kong, Taiwan, United States

☆ Mideast Crisis Blinken Takes Bid to Avoid Wider War to Qatar and Egypt
▼ + stars: | 2024-02-06 | by ( Zolan Kanno-Youngs | Erin Mendell | ) www.nytimes.com time to read: +5 min

At the U.N. Security Council on Monday, China’s ambassador, Zhang Jun, broadly accused the United States of using excessive force around the world and manipulating public opinion about its intentions. The Security Council has frequently been a platform for U.S. and Russia’s spats over Ukraine, Syria and, most recently, the war in Gaza. “Iran has never sought to bring its dispute with the United States into Iraq’s territory,” Mr. Iravani told the Council, reiterating Iran’s stance that it does not seek a war with the United States. Algeria, the only Arab member of the Council, has drafted a new resolution calling for a permanent cease-fire in Gaza. The attacks killed 1,200 people and led to the abduction to Gaza of 240 others, Israeli officials said.

Persons: Zhang Jun, Vladimir V, Putin, Russia’s, Vasily Nebenzya, Biden, Nebenzya, “, ” Robert Wood, Mr . Wood, ”, Saeid Iravani, Mr, Iravani, Rosemary DiCarlo Organizations: . Security, United Nations Security, Security, Pentagon, Israel Locations: United States, Russia, China, Iraq, Syria, East, U.S, Ukraine, Gaza . China, Iran, The U.S, Israel, Gaza, Jordan, Middle East, America, Red, Tehran, Algeria

UNITED NATIONS (AP) — Russia accused the United States on Monday of aggression against Iraq and Syria aimed at preserving its global dominance and salvaging the Biden administration’s “image” ahead of U.S. elections. Many council members expressed fears of a growing Mideast conflict and urged de-escalation and stepped-up peace efforts. Wood stressed that the United States doesn’t want more conflict in a region where it is “actively working to contain and deescalate the conflict in Gaza." "And we are not seeking a direct conflict with Iran,” Wood said “But we will continue to defend our personnel against unacceptable attacks. Ambassador Zhang Jun, a Russian ally, echoed her concerns about escalating tensions and actions, and pointed a finger at the United States.

Persons: Russia’s U.N, Vassily Nebenzia, ”, Robert Wood, Wood, ” Wood, “, Iran’s U.N, Amir Saeid Iravani, ” Iravani, ” U.N, Rosemary DiCarlo, Antonio Guterres, U.N, Zhang Jun, ” Zhang, Algeria’s U.N, Amar Bendjama, ” Bendjama Organizations: UNITED NATIONS, —, Biden, Security, U.S, . Army Locations: — Russia, United States, Iraq, Syria, U.S, Iranian, Russia, Syria’s, Israel, Lebanon, Sea, Yemen, Syrian Arab Republic, Russian, Iran, Jordanian, Monday’s, Gaza

An Australian writer and businessman who has been detained in China since 2019 has been declared guilty of espionage and was given a death sentence with two years’ probation on Monday, in a blow to warming relations between Australia and China. If Mr. Yang does not commit any crimes in those probationary two years, the sentence can be commuted to life imprisonment, Penny Wong, the Australian foreign minister, said in a statement. She described the verdict as “harrowing.”The long detention of Mr. Yang — who is also known by his legal name, Yang Jun — has been one of the sources of tensions between Australia and China. Now the severe sentence may again weigh on relations, which had been improving after the election of a new, center-left Labor government in Australia in 2022. The prime minister, Anthony Albanese, visited Beijing late last year and has pressed for Mr. Yang’s release.

Persons: Yang Hengjun, Yang, Penny Wong, Yang —, Yang Jun —, Anthony Albanese Organizations: China’s Ministry of Foreign Affairs, Labor Locations: Australian, China, Australia, Beijing

☆ Heavy snow, rain threaten travel chaos during China’s Lunar New Year
▼ + stars: | 2024-02-01 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Heavy snow and rain is forecast to hit central and eastern China in the coming days, threatening travel plans for hundreds of millions of Chinese workers heading home for the Lunar New Year. However, Xu Jun, chief forecaster from the Central Meteorological Observatory, told CCTV the forecast snowfall won’t be as heavy or widespread as that experienced around the holiday season 16 years ago. “The rain and snow overlap with the peak period of Spring Festival travel. This has posed risks to safe (travel) and brought inconvenience to the transportation,” weather expert Wang Lijuan, from China Meteorological Administration, told CCTV. Xu, from the Central Meteorological Observatory, told CCTV freezing rain could affect many provinces over an area as wide as 43,000 square kilometers (16,600 square miles).

Persons: Xu Jun, Wang Lijuan, Xu Organizations: Hong Kong CNN, Central Meteorological Observatory, Meteorological, Festival, China Meteorological Administration, Central Meteorological Locations: Hong Kong, China, Hebei, Henan, Shandong, Liaoning, Hubei, Zhengzhou, China's, Xinjiang, Anhui, Weibo, Mohe, Heilongjiang

☆ New China Defence Minister Holds Video Talks With Russia's Shoigu
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China's new defence minister Dong Jun held a video call with his Russian counterpart Sergei Shoigu on Wednesday, according to a defence ministry statement, in his first public engagement since being appointed last month. Former Navy chief Dong's appointment came after his predecessor, Li Shangfu, disappeared from public view in August, throwing China's military diplomacy in doubt. The role of China's defence minister is to be the public face of the People's Liberation Army in its engagement with the media and with other armed forces. China and Russia's close military ties have been the target of Western scrutiny, especially after Russia's 2022 invasion of its neighbour Ukraine, which China has refused to condemn. Western countries, including the United States, have repeatedly warned China not to provide lethal aid to Russia's battlefield efforts.

Persons: Dong Jun, Sergei Shoigu, Li Shangfu, Dong, Shoigu, Laurie Chen, Christopher Cushing, Sharon Singleton Organizations: Former Navy, People's Liberation Army, United States, U.S Locations: BEIJING, Russian, China, Ukraine, United States, Japan, South Korea, Taiwan, South China, Beijing

☆ China Slams US 'Provocation' in Taiwan Strait, Pledges Further Drills
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

BEIJING (Reuters) - China criticised the United States on Thursday for causing "trouble and provocation" after the U.S. Navy sailed its first warship through the sensitive Taiwan Strait since presidential and parliamentary elections on the island. China claims democratically governed Taiwan as its own and has never renounced the use of force to bring the island under its control. The U.S. Navy said the destroyer USS John Finn transited through a corridor in the Taiwan Strait that was "beyond the territorial sea of any coastal state". Wu said China's response in driving away the ship was "justified, reasonable, professional and restrained". Wu added that China's military will "continue to organise relevant military operations" around the Taiwan Strait on a regular basis as part of its training, as analysts predict frequent drills in the run-up to Taiwan President-elect William Lai's inauguration in May.

Persons: Wu Qian, John Finn, Wu, William Lai's, Dong Jun, Liz Lee, Laurie Chen, Greg Torode, Nick Macfie Organizations: U.S . Navy, Defence Ministry, Chinese Defence, U.S ., Pentagon, Indian, Reuters Locations: BEIJING, China, United States, Taiwan, U.S, Washington, Philippines, Spratly, Manila, South, India, New Delhi, Gaza, Beijing, Hong Kong

☆ Japan's stock market roared back to life in 2023, and investors expect even more gains ahead. How to trade it
▼ + stars: | 2024-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Japanese stocks had one of their best years in recent memory, and they could rally even more in 2024. .N225 ALL mountain Big gains for Nikkei in 2023 That momentum has carried into early 2024. What's more, Wall Street sees no signs of Japanese stocks slowing down. In early 2023, Japanese stocks surged after the highest Shunto wage hike in 30 years was passed, at above 3% from above 2% the year prior, according to the Japan Times . Corporate earnings and economic growth Another driver for Japanese stocks this year could be strong corporate earnings and economic growth.

Persons: Warren Buffett, What's, BofA's Masashi Akutsu, Akutsu, Fumio Kishida, Scott Ladner, Ladner, we've, they're, Glovista's Carlos Asilis, there's, Bernstein, Neil Beveridge, Horizon's Ladner Organizations: Mitsubishi, Mitsui, Itochu, Sumitomo, Nikkei, Japan Times, Horizon Investments, Japan, Japan Hedged Equity, U.S . Federal Reserve, Bank of America, Toyota, U.S Locations: Japan, That's

☆ Gold slips as strong U.S. data dampens Fed rate cut bets
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Gold prices inched lower on Wednesday as strong U.S. economic data doused hopes for early interest rate cuts by the Federal Reserve, while investors awaited a slew of economic reports this week. "Recent economic data out of the U.S. has called for some recalibration in dovish market rate expectations, with some pushback on the timeline for Fed rate cut weighing on gold's appeal," said IG market strategist Yeap Jun Rong. Traders are pricing in five quarter-point Fed rate cuts in 2024, down from six cuts two weeks ago.

Persons: Yeap Jun Rong, Rong Organizations: Federal Reserve, Treasury, Traders, Fed Locations: Birmingham, England, Ukraine, Israel, dovish, U.S

stressing that the war could end tomorrow if Moscow withdrew hundreds of thousands of troops in Ukraine’s internationally recognized territory. Russia called the council meeting to again sharply criticize Western military aid to Ukraine. Ambassador Sergiy Kyslytsya who read a joint statement underscoring Russia’s “hypocrisy” in criticizing lawful arms transfers to help Ukraine defend itself. But the Chinese ambassador criticized Ukraine for seeking to join NATO and warned Kyiv, without naming Russia, that this would deepen Moscow’s security concerns. “The negative impacts of the Ukraine crisis and the Palestinian-Israeli conflict have added snow to the icy cold global economy,” Zhang said.

Persons: —, Sergey Lavrov, ”, Robert Wood, Lavrov's, Vladimir Putin, that's, ” Wood, Sergiy Kyslytsya, underscoring, Ukraine’s, “, U.N, Zhang Jun, ” Zhang, Zhang, Lavrov, Wood, Malta's, Vanessa Frazier, ” Frazier Organizations: UNITED NATIONS, Kyiv, . Security Council, North Korea —, NATO, Russia, Palestinian Locations: United States, Moscow, China, Russia’s, Russia, Ukraine, Washington, London, Paris, Brussels, Ukraine’s, Iran, North Korea, Belarus, Israel, Gaza, Palestinian, U.S

UNITED NATIONS (AP) — South Korea called on the divided U.N. Security Council on Thursday “to break the silence” over North Korea’s escalating missile tests and threats. South Korea is serving a two-year term on the council. In a message clearly aimed at the United States and South Korea, Zhang expressed hope that while attention is mainly on North Korea, “other countries are also responsible to avoid further escalation.”France’s U.N. And he called it “a shame” that Russia is violating Security Council resolutions by “buying military stuff that they use in Ukraine" from North Korea. South Korea’s Hwang said all 15 members of the Council are worried that North Korea’s rhetoric and actions are “getting more and more serious.”But how to break the council’s silence and inaction?

Persons: “, Hwang Joonkook, —, Kim Jong, Kim, Robert Wood, ”, U.N, Zhang Jun, Zhang, France’s U.N, Nicolas De Riviere, ” De Riviere, Korea’s Hwang, Hwang Organizations: UNITED NATIONS, Security, U.N, North, South Locations: South Korea, Korea, China, Russia, U.S, North Korea, South, America, “, United States, Ukraine

☆ After a rough run, North Korea could at last find itself 'sitting pretty' in the new year with both Russia and China courting it, Korea watcher says
▼ + stars: | 2024-01-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The result could be a very fortunate 2024 for North Korea, one in which Russia and China are both chasing after its attention. In that case, North Korea could be "sitting pretty," a top Korea watcher said last week. North Korea leader Kim Jong Un observes artillery fire competition in North Korea. North Korean military cadets hold a North Korean leader Kim Jong-Il's flag during a perform of the Arirang festival which is a part of commemorations marking the 60th anniversary of the Workers' Party of North Korea on October 6, 2005, in Pyongyang, North Korea. North Korea, on the other hand, has criticized, sometimes openly, China's disapproval of its testing of intercontinental ballistic missiles.

Persons: —, Donald Trump, Victor Cha, Cha, Kim Jong Un, Vladimir Putin, Kim, North, Kim Jong, SAUL LOEB, Chung Sung, there's, Xi Jinping, Xi, Donald Trump's, Trump, Putin, MIKHAIL METZEL Organizations: Service, Business, Democratic People's, Center for Strategic, International Studies, CSIS, The Capital, North, Trump, Asian Affairs, White, National Security Council, REUTERS, Metropole, Getty, White House, Putin, Korean, Workers ' Party of North, Vostochny Locations: Russia, Ukraine, North Korea, China, Korea, Democratic People's Republic of Korea, COVID, Asia, Hanoi, North, Korean, Workers ' Party of North Korea, Pyongyang, Beijing, Amur

☆ Japan markets are hitting multi-decade highs — will Nikkei scale its all-time peak?
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty ImagesAfter a tumultuous start to the year, Japan's benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been scaling new 33-year highs. The rally in Japan's equity market, which started on Jan. 5, has also seen the broad-based Topix hitting 33-year highs. Speaking to CNBC, Yeap Jun Rong, market strategist at IG Asia struck an optimistic tone, saying that "all stars seem to be aligned for Japan's stock market." In a note last week, the Bank of America called the Japan rally a "déjà vu," comparing it with the Nikkei's rise between April and June 2023.

Persons: Yeap Jun Rong, Yeap Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty, Nikkei, CNBC, IG Asia, Bank of Japan, TSX, Bank of America Locations: Tokyo, Japan

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