North Korea fired two unidentified projectiles, South Korea’s military says

North Korea fired unidentified projectiles on Thursday, according to the South Korean military, less than a week after leader Kim Jong Un oversaw the test-firing of multiple rockets and missiles. “We confirmed that North Korea fired two rounds of missiles towards (an) eastern direction from Northern Pyongan Province at 16:29 p.m. and 16:49 p.m. (local time). Estimated travel distances were 420 km, 270 km, respectively,” a South Korean military official told NBC News. “(The) South Korea military


North Korea fired unidentified projectiles on Thursday, according to the South Korean military, less than a week after leader Kim Jong Un oversaw the test-firing of multiple rockets and missiles. “We confirmed that North Korea fired two rounds of missiles towards (an) eastern direction from Northern Pyongan Province at 16:29 p.m. and 16:49 p.m. (local time). Estimated travel distances were 420 km, 270 km, respectively,” a South Korean military official told NBC News. “(The) South Korea military
North Korea fired two unidentified projectiles, South Korea’s military says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: matt clinch, kham pool, bloomberg, getty images
Keywords: news, cnbc, companies, nbc, pyongan, unidentified, province, projectiles, korean, military, north, korea, koreas, south, official, fired, northern


North Korea fired two unidentified projectiles, South Korea's military says

North Korea fired unidentified projectiles on Thursday, according to the South Korean military, less than a week after leader Kim Jong Un oversaw the test-firing of multiple rockets and missiles.

“We confirmed that North Korea fired two rounds of missiles towards (an) eastern direction from Northern Pyongan Province at 16:29 p.m. and 16:49 p.m. (local time). Estimated travel distances were 420 km, 270 km, respectively,” a South Korean military official told NBC News. The Northern Pyongan Province is an area located to the west of the country.

The South Korean and U.S. authorities are conducting analysis for more detailed information and NBC News also said that the chief national security advisor in South Korea is monitoring the situation.

“(The) South Korea military has reinforced surveillance and vigilance for any more North Korean missile launches, and is maintaining fully preparedness by cooperating with the U.S.,” the official added.

The suspected short-range missiles appear to have been launched from a location near a missile base in Sino-Ri, according to the Dow Jones news agency. This is about 130 miles north of the demilitarized zone.

The new launches come as the U.S. Special Representative for North Korea, Stephen Biegun, travels to Seoul to meet with officials and discuss denuclearization efforts.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: matt clinch, kham pool, bloomberg, getty images
Keywords: news, cnbc, companies, nbc, pyongan, unidentified, province, projectiles, korean, military, north, korea, koreas, south, official, fired, northern


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Europe lower after comments from Fed’s Powell; factory activity contracts; VW up 5%

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
Europe lower after comments from Fed’s Powell; factory activity contracts; VW up 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: matt clinch
Keywords: news, cnbc, companies, contracts, feds, sp, vw, europe, market, katie, lower, start, say, activity, powell, proceed, nationread, factory, comments, watchers, stockton, sanchez


Europe lower after comments from Fed's Powell; factory activity contracts; VW up 5%

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

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Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: matt clinch
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Economist Jim O’Neill says his fears over China are at a 30-year high

The renowned economist who coined the acronym BRICS told CNBC that he’s started to worry about some parts of the Chinese economy after several decades of stellar growth. Speaking at the Ambrosetti Workshop on the shores of Lake Como, near Milan, Jim O’Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower. The world’s second-largest economy grew 6.6 percent in 2018 — the slowest pace since 1990. Retail s


The renowned economist who coined the acronym BRICS told CNBC that he’s started to worry about some parts of the Chinese economy after several decades of stellar growth. Speaking at the Ambrosetti Workshop on the shores of Lake Como, near Milan, Jim O’Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower. The world’s second-largest economy grew 6.6 percent in 2018 — the slowest pace since 1990. Retail s
Economist Jim O’Neill says his fears over China are at a 30-year high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: matt clinch, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, yearonyear, workshop, economist, told, economy, 2018, sales, fears, 30year, worlds, high, watchers, china, warning, oneill, worry, jim


Economist Jim O'Neill says his fears over China are at a 30-year high

The renowned economist who coined the acronym BRICS told CNBC that he’s started to worry about some parts of the Chinese economy after several decades of stellar growth.

Speaking at the Ambrosetti Workshop on the shores of Lake Como, near Milan, Jim O’Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower.

“I have to say, for the past year, for the first time in 30 years I have been a bit more troubled about some aspects of China’s path than I have been before,” the former Goldman Sachs Asset Management chairman told CNBC’s Steve Sedgwick on Thursday.

The world’s second-largest economy grew 6.6 percent in 2018 — the slowest pace since 1990. Recent consumer data has also spooked market watchers. Retail sales growth in 2018 declined to 6.9 percent year-on-year, from a 9.1 percent increase the year before. There’s also been plummeting auto sales, fears over household debt, and firms like Apple warning about falling demand in the country of 1.4 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: matt clinch, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, yearonyear, workshop, economist, told, economy, 2018, sales, fears, 30year, worlds, high, watchers, china, warning, oneill, worry, jim


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UK asks for another short Brexit delay — while the EU proposes something much longer

First, European Council President Donald Tusk proposed allowing the U.K. a 12-month “flexible” extension to leave the European Union, an EU source told CNBC. Later on Friday morning, U.K. Prime Minister Theresa May officially asked the EU another short extension. At the moment, the U.K. is scheduled to leave the EU on April 12 and will be the first country to leave the bloc. The process to take the U.K. officially out of the EU began two years ago, but has yet to be finalized. U.K. parliamentari


First, European Council President Donald Tusk proposed allowing the U.K. a 12-month “flexible” extension to leave the European Union, an EU source told CNBC. Later on Friday morning, U.K. Prime Minister Theresa May officially asked the EU another short extension. At the moment, the U.K. is scheduled to leave the EU on April 12 and will be the first country to leave the bloc. The process to take the U.K. officially out of the EU began two years ago, but has yet to be finalized. U.K. parliamentari
UK asks for another short Brexit delay — while the EU proposes something much longer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: matt clinch, yen nee lee
Keywords: news, cnbc, companies, minister, longer, eu, asks, tusks, tusk, theresa, leave, brexit, extension, bloc, deal, uk, proposes, short, delay


UK asks for another short Brexit delay — while the EU proposes something much longer

A flurry of Brexit activity early Friday morning saw both the EU and the U.K. move to lengthen the current timetable for negotiations, reducing the prospect of Britain exiting the bloc without a deal.

First, European Council President Donald Tusk proposed allowing the U.K. a 12-month “flexible” extension to leave the European Union, an EU source told CNBC. Tusk’s proposal, first reported by the BBC, would allow the U.K. the flexibility to leave the EU whenever British lawmakers approve and ratify a deal within the 12-month period.

However, leaders of the political and economic bloc would need to agree to Tusk’s plan at a summit next week.

Later on Friday morning, U.K. Prime Minister Theresa May officially asked the EU another short extension. A letter from May to Tusk proposes an extension to June 30, which could be terminated early if a deal is agreed. The letter also mentioned preparations for the U.K. to hold EU elections in late May.

At the moment, the U.K. is scheduled to leave the EU on April 12 and will be the first country to leave the bloc. The process to take the U.K. officially out of the EU began two years ago, but has yet to be finalized. U.K. parliamentarians have so far rejected the deal that Prime Minister Theresa May negotiated with the EU three times.

When asked about a possible extension, German Finance Minister and Vice Chancellor Olaf Scholz said: “Hopefully, in the end we will have an agreement, because this is the best outcome for all the things that are going to happen.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: matt clinch, yen nee lee
Keywords: news, cnbc, companies, minister, longer, eu, asks, tusks, tusk, theresa, leave, brexit, extension, bloc, deal, uk, proposes, short, delay


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US Treasury yields move higher after Powell comments

Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017. The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January. On Monday, investors will keep an eye on more data out Monday, with retail sales out at


Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017. The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January. On Monday, investors will keep an eye on more data out Monday, with retail sales out at
US Treasury yields move higher after Powell comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
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US Treasury yields move higher after Powell comments

Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017.

The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January.

On Sunday, Fed Chair Powell told “60 Minutes” that he thinks the U.S. economy is still strong, though he acknowledged that weakness around the world could start to hit the U.S.

“I would say there’s no reason why this economy cannot continue to expand,” he said.

On Monday, investors will keep an eye on more data out Monday, with retail sales out at 8:30 a.m. ET and business inventories at 10:00 a.m. ET.

Also on Monday, the Treasury is set to auction $48 billion worth of 13-week notes, $39 billion worth of 26-week notes and $38 billion worth of three-year notes.

—CNBC’s Spriha Srivastava contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
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Sterling rises on Brexit speculation ahead of Theresa May’s crucial vote

Sterling fluctuated Monday with traders reacting to various media reports ahead of a crunch Brexit vote this week. The pound initially fell to a three-week low versus the dollar after a report suggested Prime Minister Theresa May could alter a vote scheduled for Tuesday evening. Sterling slipped to 1.296 against the greenback at around 9:30 a.m. London time after trading near $1.301. By midday London time, the British currency surged again after a May spokesperson confirmed that Tuesday’s vote w


Sterling fluctuated Monday with traders reacting to various media reports ahead of a crunch Brexit vote this week. The pound initially fell to a three-week low versus the dollar after a report suggested Prime Minister Theresa May could alter a vote scheduled for Tuesday evening. Sterling slipped to 1.296 against the greenback at around 9:30 a.m. London time after trading near $1.301. By midday London time, the British currency surged again after a May spokesperson confirmed that Tuesday’s vote w
Sterling rises on Brexit speculation ahead of Theresa May’s crucial vote Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
Keywords: news, cnbc, companies, yvette, mays, ahead, vote, uk, wrest, rises, speculation, crucial, report, brexit, pound, theresa, london, sterling


Sterling rises on Brexit speculation ahead of Theresa May's crucial vote

Sterling fluctuated Monday with traders reacting to various media reports ahead of a crunch Brexit vote this week.

The pound initially fell to a three-week low versus the dollar after a report suggested Prime Minister Theresa May could alter a vote scheduled for Tuesday evening. The U.K. leader was expected to hold a second “meaningful” vote on her Brexit withdrawal agreement, after the first back in January saw her plans rejected by a large majority of U.K. lawmakers.

But U.K. newspaper The Sun, a tabloid that is also the most read in the country, said that she is being urged to downgrade the vote to make it purely symbolic. Sterling slipped to 1.296 against the greenback at around 9:30 a.m. London time after trading near $1.301.

Shortly afterwards a pro-Remain lawmaker, Yvette Cooper from the opposition Labour party, said the U.K. Parliament could wrest control of Brexit if May failed to find a consensus with her vote on Tuesday. The pound rose on the comments, pushing back up to $1.300.

By midday London time, the British currency surged again after a May spokesperson confirmed that Tuesday’s vote would be going ahead. Sterling hit a session high of $1.3034. By 2:00 p.m. London time it reached $1.308 with a report that May was traveling to Strasbourg for more last-minute talks with the EU.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
Keywords: news, cnbc, companies, yvette, mays, ahead, vote, uk, wrest, rises, speculation, crucial, report, brexit, pound, theresa, london, sterling


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Treasury yields fall amid US-China trade developments

The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in


The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in
Treasury yields fall amid US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: matt clinch
Keywords: news, cnbc, companies, treasury, bond, deal, developments, trade, york, washington, fall, players, uschina, yields, yield, president, amid


Treasury yields fall amid US-China trade developments

The yield on the benchmark 10-year Treasury note fell to around 2.7114 percent, while the yield on the 30-year Treasury bond slipped to 3.0786 percent. Bond yields move inversely to prices.

Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in a report that Monday the trade deal being discussed would do little to address key structural issues.

Meanwhile, U.S. Secretary of State Mike Pompeo said this week he thought Washington and Beijing were “on the cusp” of reaching a deal. Despite positive comments from different members of the U.S. administration, market players are yet to find out how far-reaching any deal could be.

On the economic front Wednesday, there will be ADP employment numbers at 8.15 a.m. ET and international trade figures out at 8.30 a.m. ET.

Furthermore, New York Fed President John Williams and Cleveland Fed President Loretta Mester are set to speak later on Wednesday.

There are no bond auctions scheduled for Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: matt clinch
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Putin threatens to target the US if it deploys new missiles in Europe

President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia. However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers. He warned U.S. policymakers, some of whom he said were obsessed


President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia. However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers. He warned U.S. policymakers, some of whom he said were obsessed
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Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matt clinch, maxim shemetov
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Putin threatens to target the US if it deploys new missiles in Europe

President Vladimir Putin warned of a resolute response if the U.S. decides to station missiles in neighboring countries to Russia.

Putin, at his annual address to parliament on Wednesday, said his country would not seek confrontation and would not take the first step in deploying missiles after the suspension of the Intermediate-range Nuclear Forces (INF) Treaty.

However, he said Russia would respond to any deployment of new intermediate-range missiles in Europe by targeting the United States itself and not just the countries were they were held, according to a Reuters translation. He said he would field new weapons that would target U.S. decision-making centers.

He warned U.S. policymakers, some of whom he said were obsessed with U.S. exceptionalism, about being careful before taking new measures.

“It’s their right to think how they want. But can they count? I’m sure they can. Let them count the speed and the range of the weapons systems we are developing,” Putin said to applause, according to Reuters.

“Russia will be forced to create and deploy types of weapons which can be used not only in respect of those territories from which the direct threat to us originates, but also in respect of those territories where the centers of decision-making are located.”


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matt clinch, maxim shemetov
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Putin threatens to target US if it deploys missiles in nearby European countries

Let them count the speed and the range of the weapons systems we are developing,” Putin said to applause, according to Reuters. The next day, Putin reacted by also halting his country’s obligations to the treaty. On Wednesday, Putin rejected the U.S. claim that its withdrawal from the treaty was prompted by Russian violations, according to an Associated Press translation. The White House and the U.S. Department of Defense didn’t immediately respond to CNBC’s request for comment. WATCH: NATO call


Let them count the speed and the range of the weapons systems we are developing,” Putin said to applause, according to Reuters. The next day, Putin reacted by also halting his country’s obligations to the treaty. On Wednesday, Putin rejected the U.S. claim that its withdrawal from the treaty was prompted by Russian violations, according to an Associated Press translation. The White House and the U.S. Department of Defense didn’t immediately respond to CNBC’s request for comment. WATCH: NATO call
Putin threatens to target US if it deploys missiles in nearby European countries Cached Page below :
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Putin threatens to target US if it deploys missiles in nearby European countries

“It’s their right to think how they want. But can they count? I’m sure they can. Let them count the speed and the range of the weapons systems we are developing,” Putin said to applause, according to Reuters.

“Russia will be forced to create and deploy types of weapons which can be used not only in respect of those territories from which the direct threat to us originates, but also in respect of those territories where the centers of decision-making are located.”

In early February, the U.S. confirmed it would suspend its participation in the decades-old INF treaty, which bans ground-launched medium-range missiles with a range of 310 to 3,400 miles. The U.S. administration said it had taken the measure following Russia’s refusal to accept that its SSC-8 missile directly contravenes the Cold War-era agreement.

The next day, Putin reacted by also halting his country’s obligations to the treaty. Speaking to media that day, Putin said Russia would provide a “mirror like response” to the U.S. by engaging in fresh research and development for nuclear missile technology but would not “get involved in a costly arms race.”

On Wednesday, Putin rejected the U.S. claim that its withdrawal from the treaty was prompted by Russian violations, according to an Associated Press translation. He claimed that the U.S. had made false accusations to justify its decision to opt out of the pact and said the U.S. had breached the treaty itself.

He concluded by saying Russia would always make sure it is secure. He said the country would be ready for further talks on arms control but would not keep knocking on a locked door.

The White House and the U.S. Department of Defense didn’t immediately respond to CNBC’s request for comment.

WATCH: NATO calls on Russia to comply with missile treaty


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matt clinch
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A real Labour split isn’t automatically good for the pound

Investors predicting a sterling rally if there’s a full-blown split in the U.K.’s opposition party are likely to be sorely mistaken. The U.K.’s Labour party has leaned increasingly to the left since veteran politician Jeremy Corbyn took the reins in 2015. Many currency experts have warned on his policies, saying they fear a Labour government would be more negative for sterling than any disastrous Brexit outcome. Seven Labour lawmakers (out of 256) split from the party on Monday citing its direct


Investors predicting a sterling rally if there’s a full-blown split in the U.K.’s opposition party are likely to be sorely mistaken. The U.K.’s Labour party has leaned increasingly to the left since veteran politician Jeremy Corbyn took the reins in 2015. Many currency experts have warned on his policies, saying they fear a Labour government would be more negative for sterling than any disastrous Brexit outcome. Seven Labour lawmakers (out of 256) split from the party on Monday citing its direct
A real Labour split isn’t automatically good for the pound Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: matt clinch, jeff j mitchell, getty images
Keywords: news, cnbc, companies, automatically, gbp, real, labour, split, isnt, brexit, pound, election, sterling, snap, mean, party, good, uks


A real Labour split isn't automatically good for the pound

Investors predicting a sterling rally if there’s a full-blown split in the U.K.’s opposition party are likely to be sorely mistaken.

The U.K.’s Labour party has leaned increasingly to the left since veteran politician Jeremy Corbyn took the reins in 2015. Many currency experts have warned on his policies, saying they fear a Labour government would be more negative for sterling than any disastrous Brexit outcome.

Seven Labour lawmakers (out of 256) split from the party on Monday citing its direction on Brexit, as well as a failure to address anti-Semitism in its ranks. There is now natural speculation that more could follow, ripping a gaping hole in the U.K.’s second-largest party.

While this might diminish Corbyn’s chances of being prime minister, a sterling surge is not guaranteed.

“Perhaps at the margin you could argue it’s GBP positive … But a Labour split would not necessarily mean that a single party has a chance of forming a stable government in the event of a snap election, and that is also a factor GBP bulls need to be wary of,” Stephen Gallo, the European head of foreign exchange strategy at BMO Capital Markets, told CNBC via email.

Gallo’s hypothetical argument is that a snap election this year — if the Brexit negotiations are indeed prolonged — could also mean a split in the Conservative Party with its own Brexit rebels showing frustration at the current management.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: matt clinch, jeff j mitchell, getty images
Keywords: news, cnbc, companies, automatically, gbp, real, labour, split, isnt, brexit, pound, election, sterling, snap, mean, party, good, uks


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