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North Korea conducts ‘crucial test’ to boost its nuclear deterrent

Bloomberg North Korea said it successfully conducted a “crucial” test at a long-range projectile launch site and had boosted its nuclear-deterrent capabilities. It didn’t provide any details about the exercise. The news follows a North Korean announcement last week that it held a “very important test,” without elaborating. South Korea’s military believes the North tested an engine for its ballistic ...

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UK vote marks new era for stock market that lost $100b

Bloomberg Boris Johnson’s decisive victory may prove to be a turning point not just for the UK but for the entire scorned European stock market. The Conservative Party’s win filled investors with optimism that a major political risk related to Brexit will soon be removed, sending the European equity benchmark near a record high. Goldman Sachs Group Inc lifted its ...

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Markets may rally as tariff relief outshines trade-pact letdown

Bloomberg Even though it wasn’t the trade deal some analysts hoped for, China dodged more tariffs, and that may be enough to spur a market rally. The onshore yuan may rise and the Australian dollar will be boosted by a potential advance in crude oil and industrial metals, according to Vijay Valecha, chief investment officer at Century Financial Consultancy in ...

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