With a naval blockade for enforcing U.N sanctions being one of the military options available in the U.S. repertoire, North Korea’s only ally has begun naval war games with Russia in the Korean peninsula. The U.N Security Council has run… Read More ›
United States
North Korea seen moving rocket at night in preparation for an ICBM launch from its west coast
While China, its main ally, has called for a peaceful resolution to the crisis it has yet to play any significant role in defusing the situation. It has instead started levying economic costs on South Korean companies. On Tuesday, South… Read More ›
The Japanese Yen and the Euro are rising against the USD following Pyongyang’s testing its nuclear device
Although North Korea’s move have seen many investors moving to Japanese assets, many investors worry that in the event of an actual war, these very assets may lose their shine. With North Korea raising the ante, gold, the Japanese yen,… Read More ›
No reason to doubt North Korea’s testing of an advance hydrogen nuclear device: U.S. intelligence official
A thorough analysis will determine the type of device used as well as its blast radius. According to U.S. intelligence official there is no reason to doubt that North Korea had tested an advanced nuclear device. “We have nothing… Read More ›
Motiva Enterprises’ Texas oil refinery shutdown due to Harvey
19.6% of the U.S. oil refinery halted by tropical storm Harvey has halted, as of Tuesday. In a significant blow to U.S. oil production, the largest crude oil refinery in the country was forced to shutdown on Tuesday night due… Read More ›
Joint military drills by South Korean & U.S. military reinforces confidence in region
Markets across the world have fallen due to North Korea’s missile launch. As per South Korea’s Yonhap news agency, top South Korean and U.S. military officials have agreed to make a strong response to North Korea’s latest ballistic missile… Read More ›
Uneasy China tries to appease U.S. concerns on its export of cheap steel
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
CBS acquires Australian broadcaster Ten Network Holdings Ltd
Since the deal involves Ten Network piling on more debt, it will be subject to scrutiny by its existing creditors and by Australia’s Foreign Investment Review Board. On Monday, in a significant development, the owner of the most watched… Read More ›
France backs Trump’s move on troops deployment in Afghanistan
The development points to the recognition of burgeoning economic opportunities in the region. On Wednesday, France’s foreign ministry issued a statement which backed the commitments made by U.S. President Donald Trump on maintaining a military presence in Afghanistan. “France recognizes… Read More ›
Eyeing Afghanistan’s dormant economic wealth, U.S. changes its Afgh-Pak strategy
This a significant strategic shift by the Trump Administration has potentially serious geo-economic consequences for the region and has the potential to bring about a turnaround in Afghanistan’s economy. With the U.S. Administrations deciding to secure Afghanistan from rogue elements,… Read More ›