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US-South Korea talks on sharing costs stalled

Bloomberg The US and South Korea remain stalled after six rounds of talks on an updated cost-sharing agreement but the allies’ top defense officials said that they hope to break that deadlock next month. “We are engaged in negotiations,” and the “minister and I are hopeful they will reach agreement soon, preferably before the end of March,” Defense Secretary Mark ...

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The world will move on sans the US leadership if it has to

Many commentators have argued that the big winner in last week’s poisonous Democratic Party debate was Donald Trump. But as the world assesses the United States in this 2020 election season, the long-term political beneficiary may be foreign rivals such as China’s President Xi Jinping. The circular firing squad in Las Vegas probably raised expectations abroad that the Democrats won’t ...

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Markets are waking up to virus reality

Sharp falls in Asian markets and US stock futures on February 24 suggest investors are starting to catch up to the disconnect between the coronavirus’s widening impact and hopes of a V-shaped recovery. It’s a gap that has been particularly visible in metals. China, where much of the economy remains in lockdown, accounts for about half the world’s appetite for ...

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