Economy

Swiss franc consolidates after rallying hard on North Korea tensions

Swiss franc consolidates after rallying hard on North Korea tensions”

The North Korean army announced it was examining plans for attacking the island, which serves as a launching pad for the US military.

But others believe North Korea has no intention of backing down.

"We call on Pyongyang not to raise tensions further, and to engage in a credible dialogue with the worldwide community".

Tokyo's blue-chip index tumbled 1.3 percent to its lowest close since late May after the Dow's winning streak of nine straight records ended following Trump's sharp rhetoric of "fire and fury", with the main European bourses also opening lower Wednesday.

"My first order as President was to renovate and modernise our nuclear arsenal". 'Everyone's afraid, because we're dealing with powers that's beyond us'.

"May God bless the people of Guam, and may God bless the United States of America", he concluded.

According to the Pentagon's Missile Defense Agency, the missile defense system, which entails a tracking radar, launcher, interceptor missiles and an integrated fire-control system, has a 14 out of 14 test intercept success rate since 2006.

"We have more skin and more land in the game", Underwood said.

McCain says he takes exception to Trump's comments "because you got to be sure you can do what you say you're going to do".

"I want to reassure the people of Guam that now there is no threat to our island or the Marianas", Mr Calvo said.

"Heightened geopolitical risks overnight have seen the markets flip from risk-on to risk-off and we have to wait and see how long this move runs before adding some positions", said Viraj Patel, an FX strategist at ING in London.

"I want to ensure that we are prepared for any eventuality".

As for the specter of a North Korean attack, that is not new for Guam. Both slid to more than one-month lows. It has since been used in Syria and the wake of the Ukraine-Russia crisis. That mission follows an operation over the Korean Peninsula in late July, in which the warplanes were scrambled from Guam as a response to North Korea's second test of an intercontinental ballistic missile that experts said could have reached as far as NY.

"As of this [Wednesday] morning, we have not changed our stance in confidence that the U.S. Department of Defense is monitoring this situation very closely and is maintaining a condition of readiness, daily", he said.

Republican Sen. John McCain says "great leaders" don't threaten foes unless they're ready to act - and he's not certain President Donald Trump is ready to act against North Korea.

Australia is regarded as a North Atlantic Treaty Organisation "partner" state that has contributed troops to missions in the past but is not a fully fledged member.

But Calvo said it was the military which provided protection.

North Korea has warned of strikes against the United States before.

Early indications from US equity futures suggest a second session of declines on Wall Street after each of the three major indices fell sharply into the close of trading Tuesday after Trump addressed the North Korea with reporters at his golf resort in Bedminster, New Jersey.

Hawaii's Emergency Management Authority made headlines after issuing emergency guidance advising people to seek shelter within minutes of an attack, avoid looking directly at light and staying in blast resistant shelters for up to 14 days.



Like this

loading...
loading...

Latest


11 August 2017
(TSE:T) Price Target Raised to C$50.00 at Scotiabank
TELUS Corporation (NYSE:TU) (TSE:T) will be releasing its earnings data before the market opens on Friday, August 11th. As of quarter end Uss Investment Management Ltd had bought a total of 45,750 shares growing its position 2.0%.

11 August 2017
Nvidia earnings: Self-driving cars, AI, games, Nintendo Switch drive big quarter
The company's OEM sector, one of its smallest revenue streams, saw 54% revenue gains year-over-year, up almost $100 million. Santa Clara, Calif. -based Nvidia is best known for its graphics processors for personal computers and video game consoles.

11 August 2017
Thermon Group Holdings, Inc. (NYSE:THR) Cut to "Sell" at BidaskClub
The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Schroder Investment Management Group increased Ecolab Inc Common Stock Usd1 (ECL) stake by 2.73% reported in 2016Q4 SEC filing.

11 August 2017
China Steps Up Censorship of Social Media Sites
In recent months, regulators have taken severe and unprecedented moves to shutter content and media across a variety of platforms. China's largest social media platforms are being investigated for suspected breaches of the nation's strict cybersecurity laws.

11 August 2017
Dead, 175 Injured as Quake Strikes China's Sichuan
Almost 60,000 people - around half of which were tourists - were evacuated from quake-hit towns and villages Wednesday. Authorities said 1,680 private homes across Jiuzhaigou's 17 townships suffered varying degrees of damage.

11 August 2017
The Cantor Fitzgerald Reiterates "Overweight" Rating for Amazon.com, Inc
Following the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at $9,873,900. Amazon.com, Inc offers a range of products and services through its Websites. (NASDAQ:AMZN) or 17,498 shares.

11 August 2017
President Trump Declares Opioid Epidemic A National Emergency
In Ohio, which has been devastated by the nation's opioid problem, Attorney General Mike DeWine chimed-in with more applause. It is not totally clear whether Trump's words Thursday qualified as a national state of emergency declaration.

11 August 2017
Leidos Holdings, Inc. (NYSE:LDOS) Experiences Heavy Trading Volume
The stock has advanced 62.46% to a low over the previous one year and showed declining move -2.17% to a high over the same period. First Interstate Bank acquired a new position in shares of Nielsen N.V. during the second quarter worth approximately $124,000.

11 August 2017
OPP request information on 'aggressive' motorcyclists
Motorists began calling complaints in after the riders appeared on Highways 401, 403, and 409, as well as the Queen Elizabeth Way, the Gardiner Expressway, and the Don Valley Parkway.

11 August 2017
Aperio Group LLC Increases Stake in Blackbaud, Inc. (NASDAQ:BLKB)
On average, equities analysts expect that Blackbaud, Inc . will post $2.14 earnings per share for the current fiscal year. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock.