Economy

US stocks slip amid heightened US-North Korea tensions

His comments punctuate President Donald Trump's warning that North Korea will be met with "fire and fury" if it threatens the US.

Siegfried Hecker, a professor at Stanford University's Center for International Security and Cooperation, said Tuesday night in the USA that although the North tested two intercontinental ballistic missiles last month, developing a nuclear warhead for such a missile is "extremely challenging and still beyond North Korea's reach". State Department spokesperson Heather Nauert said Wednesday that the administration is working in concert with U.S. allies to carry out a "pressure campaign" against North Korea.

Benjamin J. Cruz tells The Associated Press in a telephone interview, "We're just praying that the United States and the. defence system we have here is sufficient enough to protect us". The dollar was down 1.2 percent at 0.9627 Swiss francs, while an ounce of gold was 1 percent higher at $1,275. (VNTV) said it would pay about GBP8 billion ($10.4 billion) in cash and stock to buy the United Kingdom payments processor (http://www.marketwatch.com/story/vantiv-seals-10-billion-worldpay-acquisition-2017-08-09), completing one of the biggest deals in the quickly consolidating sector.

Earlier, U.S. Defense Secretary James Mattis warned North Korea to stop any action that would lead to the collapse of Kim Jong-Un's regime.

He said, "The United States and its allied forces have demonstrated capabilities and unquestionable commitment to defend ourselves from attacks.

The DPRK must choose to stop isolating itself and stand down its pursuit of nuclear weapons", he said.

President Trump on Wednesday touted the strength of the country's nuclear arsenal.

Safe-haven buying drove the Japanese Yen higher against the U.S. Dollar on Tuesday, following a volatile trading session. Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.

North Korea says it is examining its operational plans for attacking Guam to contain US bases there.

The president's retweets about his rhetoric Tuesday come as Secretary of State Rex Tillerson was urging calm.

Asked whether the comments Trump made at his golf resort in Bedminster, N.J., were "alarming", Nauert shot back.

The statement concluded with a final warning: "The DPRK regime's actions will continue to be grossly overmatched by ours and would lose any arms race or conflict it initiates".

Britain's UN ambassador said the United Kingdom "stands shoulder to shoulder with the United States" in tackling the nuclear threat from North Korea and making sure it can not pursue its nuclear and ballistic missile programmes. "They will be met with fire and fury like the world has never seen".

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.



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