North Korea fired its fifth short-range missile in three days. South Korea's Defense Ministry said a missile had been fired on Monday morning.» Read More
David Lutz, Stifel Nicolaus, explains why the stress in gold is not geopolitical.
The U.S. military is sending missile defense technology to Guam, specifically THAAD, or Terminal High Altitude Area Defense, reports CNBC's Eamon Javers.
WASHINGTON, April 3- The United States sees a "real and clear" danger from North Korea, given its nuclear and missile capabilities and bellicose rhetoric, U.S. Defense Secretary Chuck Hagel said on Wednesday. "We take those threats seriously," Hagel said, addressing an audience at the National Defense University in Washington.
Defense Secretary Hagel says North Korea's rhetoric presents a "real and clear" danger from the country. CNBC's Eamon Javers reports the U.S. is sending missile defense to Guam. CNBC's Bob Pisani, weighs in.
North Korea vows to fire up previously closed nuclear reactors, reports NBC's Jim Maceda in Seoul, South Korea.
JERUSALEM- Israel pressed Hamas on Wednesday to rein in rocket-firing militants in the Gaza Strip after the most serious outbreak of cross-border hostilities since a ceasefire ended an eight-day war in November.
UNITED NATIONS- The 193- nation U.N. General Assembly on Tuesday overwhelmingly approved the first treaty on the global arms trade, which seeks to regulate the $70 billion business in conventional arms and keep weapons out of the hands of human rights abusers.
Joseph Cheng, Chair Professor at City University of Hong Kong says Kim Jong-Un's regime probably thinks the best way to strengthen North Korea's security is to complete the nuclear weapons program, noting it would provide a valuable bargaining chip for diplomatic recognition.
*North to allow workers to exit to South Korea. PAJU, South Korea April 3- North Korea on Wednesday closed access to a joint factory zone that earns $2 billion a year in trade for the impoverished state but will allow hundreds of South Koreans to return home, officials said, allaying fears they could have been held hostage.
Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says North Korea restarting the uranium enrichment plant could lead to collaboration with Iran.
*MSCI Asia ex- Japan down 0.5 pct, Nikkei rises 1.7 pct. TOKYO, April 3- Asian shares fell on Wednesday as investors waited for news on the U.S. economy, while the dollar recovered against the yen as the Bank of Japan's two-day policy meeting got underway.
SEOUL, April 3- North Korean authorities were not allowing any South Korean workers into a joint industrial park on Wednesday, South Korea's Unification Ministry and a Reuters witness said, adding to tensions between the two countries. A South Korean official said hundreds of South Koreans currently in the Kaesong Industrial zone would be allowed to leave.
Dane Chamorro, Director, Asia Pacific at Control Risks discusses the probability of the situation in North Korea remaining a war of words or escalating into a full-blown conflict.
North Korean leader Kim Jong Un's brinksmanship is in full bloom. Foreign-policy analysts agree the situation is troubling, though there's a deep difference of opinion on what approach would convince Kim Jong Un to play nice. NBC News reports.
SEOUL, April 3- North Korea has delayed the daily opening of its Kaesong industrial zone with South Korea in a move that could represent a sharp escalation of tensions between the two countries and potentially trap hundreds of South Koreans in the North. The North had previously threatened to close the complex as part of a standoff with Washington and Seoul.
How concerned should the U.S. be in regards to the threat from North Korea? Sen. George Mitchell who was the special envoy to the Middle East, provides perspective.
LONDON, April 2- Gold held below $1,600 an ounce on Tuesday as a slightly brighter-than-expected reading of euro zone manufacturing activity lifted stock markets, diverting interest from bullion.
BERLIN- Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.
*Gold neutral in $1,590- $1,620 range: technicals. SINGAPORE, April 2- Gold extended gains on Tuesday, with the dollar dropping after disappointing U.S. data stoked concerns about a patchy recovery in the world's largest economy. Gold had added $3.01 an ounce to $1,601.41 by 0253 GMT.
SINGAPORE, April 2- Gold extended gains on Tuesday as the dollar dropped after weaker-than-expected U.S. manufacturing data suggested the world's largest economy lost some momentum at the end of the first quarter. *Gold added $2.34 an ounce to $1,600.74 by 0026 GMT as the U.S. data spurred safe haven buying.