Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The United States on Monday said countries trading with North Korea were aiding its "dangerous nuclear intentions" as the United Nations Security Council mulled tough new sanctions and the isolated regime showed signs of planning more missile tests.
South Korea said it was talking to Washington about deploying aircraft carriers and strategic bombers to the Korean peninsula following the North's sixth and most powerful nuclear test on Sunday.
South Korean President Moon Jae-in and U.S. President Donald Trump agreed in a telephone call to scrap a warhead weight limit on South Korea's missiles, South Korea's presidential office said, enabling it to strike North Korea with greater force in the event of a military conflict.
Trump also spoke with German Chancellor Angela Merkel over the telephone, reiterating that "all options" to address the threat are on the table. In a statement, the White House said the two leaders condemned North Korea's nuclear test and reaffirmed the importance of close coordination at the United Nations.
A statement from the German government also said Merkel agreed to push the European Union for tougher sanctions against North Korea.
At a Security Council meeting, U.S. Ambassador Nikki Haley said North Korea's Kim Jong Un was "begging for war" and urged the 15-member group to adopt the strongest possible measures to deter him.
"War is never something the United States wants. We don't want it now. But our country's patience is not unlimited. We will defend our allies and our territory," Haley said.
"The United States will look at every country that does business with North Korea as a country that is giving aid to their reckless and dangerous nuclear intentions," she said.
Haley said the United States will circulate a new Security Council resolution on North Korea this week and wants a vote on it next Monday.
China, a top trading partner with North Korea, and Russia called for a peaceful resolution to the crisis.
"China will never allow chaos and war on the (Korean) Peninsula," said Liu Jieyi, the Chinese ambassador to the United Nations.
Russia said peace in the region was in jeopardy.
"A comprehensive settlement to the nuclear and other issues plaguing the Korean peninsula can be arrived at solely through political diplomatic channels," Russia's U.N. Ambassador Vassily
North Korea has been under U.N. sanctions since 2006 over its ballistic missile and nuclear programs. Typically, China and Russia only view a test of a long-range missile or a nuclear
weapon as a trigger for further possible U.N. sanctions.
Trump had asked to be briefed on all available military options, according to his defense chief.
Officials said activity around missile launch sites suggested North Korea planned more missile tests.
"We have continued to see signs of possibly more ballistic missile launches. We also forecast North Korea could fire an intercontinental ballistic missile," Jang Kyoung-soo, acting deputy minister of national defense policy, told a parliament hearing on Monday.
North Korea tested two ICBMs in July that could fly about 10,000 km (6,200 miles), putting many parts of the U.S. mainland within range and prompting a new round of tough international sanctions.
South Korea's air force and army conducted exercises involving long-range air-to-surface and ballistic missiles on Monday following the North's nuclear test on Sunday, its joint chiefs of staff said in a statement.
In addition to the drill, South Korea will cooperate with the United States and seek to deploy "strategic assets like aircraft carriers and strategic bombers," Jang said.
South Korea's defense ministry also said it would deploy the four remaining launchers of a new U.S. missile defense system after the completion of an environmental assessment by the
The rollout of the controversial Terminal High Altitude Area Defense (THAAD) system at a site south of the South Korean capital, Seoul, which is vehemently opposed by neighboring China and Russia, had been delayed since June.
At the Security Council, neither Russia nor China mentioned their long-held opposition to THAAD or the prospect of further U.N. sanctions in the wake of North Korea's nuclear test.
North Korea said it tested an advanced hydrogen bomb for a long-range missile on Sunday, prompting a warning from U.S. Defense Secretary Jim Mattis of a "massive" military response from the United States if it or its allies were threatened.
Trump has previously vowed to stop North Korea developing nuclear weapons and said he would unleash "fire and fury" if it threatened U.S. territory
Despite the tough talk, the immediate focus of the international response was on tougher economic sanctions.
Diplomats have said the Security Council could now consider banning North Korean textile exports and its national airline, stop supplies of oil to the government and military, prevent North Koreans from working abroad and add top officials to a blacklist to subject them to an asset freeze and travel ban.
Asked about Trump's threat to punish countries that trade with North Korea, Chinese Foreign Ministry spokesman Geng Shuang said China has dedicated itself to resolving the North Korean
issue via talks, and China's efforts had been recognized.
"What we absolutely cannot accept is that on the one hand (we are) making arduous efforts to peacefully resolve the North Korean nuclear issue, and on the other hand (our) interests are being sanctioned or harmed. This is both not objective and not fair," he told a regular briefing.
On possible new U.N. sanctions, and whether China would support cutting off oil, Geng said it would depend on the outcome of Security Council discussions.
China's state-run Xinhua news agency said in an editorial that North Korea was "playing a dangerous game of brinkmanship" and it should wake up to the fact that such a tactic "can never bring security it pursues."
While South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe agreed on Monday to work with the United States to pursue stronger sanctions, Russia voiced skepticism.
Russian Deputy Foreign Minister Sergei Ryabkov said sanctions on North Korea had reached the limit of their impact.
Any more would be aimed at breaking its economy, so a decision to impose further constraints would become dramatically harder, he told a BRICS summit in China.
South Korea says the aim of stronger sanctions is to draw North Korea into dialog. But, in a series of tweets on Sunday, Trump also appeared to rebuke South Korea for that approach.
"South Korea is finding, as I have told them, that their talk of appeasement with North Korea will not work, they only understand one thing!" Trump said on Twitter.
Still, Trump's response was more orderly and less haphazard than he had offered after North Korea's previous hostile actions.
His handling of its latest nuclear test reflected a more traditional approach to crisis management, which U.S. officials said illustrated the influence of Mattis and the new White House chief of staff, retired Marine Corps General John Kelly.
Japanese and South Korean stock markets both closed down about 1 percent on Monday, while safe-haven assets including gold and sovereign bonds ticked higher, but trade was cautious. U.S. stock markets were closed for the Labor Day holiday.
"Assuming the worst on the Korean peninsula has not proven to be a winning trading strategy this year," said Sean Callow, a senior foreign exchange strategist at Westpac Bank.
"Investors seem reluctant to price in anything more severe than trade sanctions, and the absence of another 'fire and fury' Trump tweet has helped encourage markets to respond warily."
South Korea's finance minister vowed to support financial markets if instability showed signs of spreading to the real economy.