Business


Asia stocks, US$ extend slide as US-North Korea tensions intensify

Gold got an extra boost after data showed United States consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. In Asia, benchmarks in Hong Kong and South Korea - which had been one of the best performers of 2017 - closed down 2% and 1.7% respectively, Friday, putting the week's drop at 2.5% and 3.2%.



Chelsea set Premier League first with opening-day indiscipline

Burnley have lost all three Premier League openers in club history, and have never beaten Chelsea in six attempts in Premier League play. It is not since March 2014 that Chelsea have had two players sent off in the same game in the Premier League and only the seventh occasion on which it has happened in their Premier League history.


North, South Korea diplomats exchange words

North, South Korea diplomats exchange words

Markets were also lower in Europe and Asia. We will get a gauge of consumer confidence for August from Westpac and the Melbourne Institute. Markets had seen a tentative recovery in risk appetite in USA and early Asian trading, but as the war of words resumed Asian stocks dropped back and London , Frankfurt and Paris all lost 0.5-1.2 percent.


Stock markets lower, gold price continues to rise amid political tensions

Stock markets lower, gold price continues to rise amid political tensions

The Nasdaq composite lost 13.31 points, or 0.2 percent, to 6,370.46. The selling in United States markets started on August 8 after President Trump warned North Korea that threats will be "met with fire and fury ". Most South-east Asian stock markets closed lower too, as investors flocked instead to traditional safe-havens such as gold, the Japanese yen, and the bond market.


Over 3000 delegates gather for PDP National Convention

Over 3000 delegates gather for PDP National Convention

Ibrahim Hassan Dankwanbo, Deputy Governor of Bayelsa state, Rear Admiral, John Jonah, Deputy Governor of Cross River state, Professor Ivara Esu, Deputy Governor of Ebonyi state, Dr. Indeed. And the electorate can see through all the politicking and selfish interests in both the exits and the speeches of acceptance in new parties and what have you.


Stocks slide on continued concern over tension between U.S. and North Korea

Stocks slide on continued concern over tension between U.S. and North Korea

North Korea responded to the threat with a warning of their own saying it was "carefully examining" the idea of a missile strike in Guam, a U.S. Pacific territory. In other energy futures trading, wholesale gasoline rose 1 cent to $1.61 a gallon, while heating oil was little changed at $1.63 a gallon. To that end, gold prices shot up to near $1,300 an ounce - their highest level in several months.