India's No. 1 Affordable Computer Franchise (ISO Certified, Govt. Approved) | Get approval in 10 Hours. For Inquiries: CALL +91-9774064470

North Korea fires two projectiles into sea off eastern coast: South Korea

SEOUL (Reuters) - North Korea fired two unidentified projectiles into the sea off its eastern coast on Saturday, South Korea’s military said. The latest launch comes shortly after U.S. President Donald Trump said he had received a “very beautiful letter” from North Korean leader Kim Jong Un. North Korea has fired a series of missiles and rockets since Kim and Trump agreed at a June 30 meeting to revive stalled denuclearization talks. A U.S. official said that at least one projectile was launched and that it appeared to be similar to previous short-range missiles fired by Pyongyang. Trump played down the recent North Korean weapons launches when…

Continue Reading

U.S.-based experts suspect Russia blast involved nuclear-powered missile

WASHINGTON (Reuters) - U.S.-based nuclear experts said on Friday they suspected an accidental blast and radiation release in northern Russia this week occurred during the testing of a nuclear-powered cruise missile vaunted by President Vladimir Putin last year. The Russian Ministry of Defense, quoted by state-run news outlets, said that two people died and six were injured on Thursday in an explosion of what it called a liquid propellant rocket engine. No dangerous substances were released, it said. Russia’s state nuclear agency Rosatom said early on Saturday that five of its staff members died. A spokeswoman for Severodvinsk, a city of 185,000 near the test site in…

Continue Reading

Trump roils markets with comments on China trade, Huawei

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon. Trump also sowed confusion by saying that the United States would not do business with Chinese telecoms giant Huawei Technologies, only to have a White House official later clarify that he was referring to a ban on U.S. government purchases of Huawei equipment, not requests for sales by U.S. companies, which are still being assessed. “We’re talking with China. We’re not…

Continue Reading

White House’s Navarro says still expecting next round of China trade talks

FILE PHOTO: White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, U.S. March 4, 2019. REUTERS/Leah MillisWASHINGTON (Reuters) - White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators. “We continue to plan to have the Chinese negotiators come here,” Navarro told CNBC. Earlier on Friday, Trump called into question whether the next round of talks would take place in early September. Reporting by Eric Beech; Editing by Mohammad ZarghamOur…

Continue Reading

U.S. still evaluating requests from firms to sell to China’s Huawei: officials

FILE PHOTO: The Silicon Valley office of Huawei and its U.S. subsidiary Futurewei Technologies Inc. in Santa Clara, California, U.S., July 22, 2019. REUTERS/Lanhee LeeWASHINGTON (Reuters) - The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday. President Donald Trump earlier said the United States would not do business with Huawei for the time being, but the White House official said that comment referred only to a ban on U.S. government purchases of Huawei equipment. The Commerce Department process was continuing, said the…

Continue Reading

IMF stands by yuan view; says China could need stimulus if trade war worsens

FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. REUTERS/Stringer WASHINGTON (Reuters) - The International Monetary Fund on Friday stood by its assessment that China’s yuan valuation was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention. James Daniel, director of the IMF’s China department, said that an assessment of China’s economic policies found the yuan exchange rate in 2018 to be “not significantly over-valued or under-valued.” The IMF’s views on the yuan are at odds with those…

Continue Reading

At least one North Korean projectile launched, appears to be short-range missile: U.S. official

WASHINGTON (Reuters) - At least one projectile was launched by North Korea and based on initial information it appeared to be similar to previous short-range missiles fired by Pyongyang, a U.S. official said on Friday, speaking on the condition of anonymity. Separately, a senior U.S. administration official said: “We are aware of reports of a missile launch from North Korea, and we continue to monitor the situation. We are consulting closely with our Japanese and South Korean allies.” South Korea’s military said Pyongyang fired two unidentified projectiles into the sea off its eastern coast early on Saturday. Reporting by Idrees Ali and David Brunnstrom; Writing by Mohammad…

Continue Reading

Downturn to hit Hong Kong like a ‘tsunami’, as China slaps warning on Cathay

HONG KONG (Reuters) - Hong Kong’s protests are hitting its economy, the city’s leader Carrie Lam said on Friday, echoing warnings from business leaders including powerful local property developers, as about 1,000 mostly young activists occupied the airport arrivals hall. China, whose rule over the city is being challenged by the protests, meanwhile demanded Hong Kong flag carrier Cathay Pacific Airways (0293.HK) suspend staff involved in the demonstrations. One of its pilots was arrested last week. The pair of warnings — one aimed at residents planning more marches still and the other at a business emblematic of the city’s colonial past — mark a toughening stance by…

Continue Reading

After Trump rebuke, France says it speaks for itself on Iran

PARIS (Reuters) - France does not need the permission of other states to try to defuse tensions with Iran, its foreign minister said on Friday after U.S. President Donald Trump accused President Emmanuel Macron of sending “mixed signals” to Tehran. French Foreign Minister Jean-Yves Le Drian speaks during a news conference at the Itamaraty Palace in Brasilia, Brazil July 29,2019. REUTERS/Adriano Machado“France speaks for itself on Iran as a sovereign power,” Foreign Minister Jean-Yves Le Drian said in a written statement. “France is deeply committed to peace and security in the region, is committed to de-escalating tensions and does not need any authorization to do so.” Trump…

Continue Reading

Tame U.S. producer inflation supports case for another rate cut

WASHINGTON (Reuters) - U.S. producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Federal Reserve to cut interest rates again next month. FILE PHOTO: An assembly line worker works on the production line at Renegade RV manufacturing plant in Bristol, Indiana, U.S., April 16, 2019. REUTERS/Tim Aeppel/File PhotoThe benign inflation report from the Labor Department on Friday could boost expectations for a half-percentage-point cut at the Fed’s Sept. 17-18 policy meeting. President Donald Trump on Friday urged the U.S. central bank to lower rates by a full percentage point, saying there…

Continue Reading