A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Trump said at a cabinet meeting in Washington on Tuesday Seoul had agreed to pay $500 million more as part of an agreement sharing the cost of keeping roughly 28,500 American troops stationed in South Korea.
"They were paying about $500 million for $5 billion worth of protection," Trump said. "And we have to do better than that. So they've agreed to pay $500 million more."
Under the previous agreement — which lapsed amid disagreements in December — South Korea contributed 960 billion won ($857 million) in 2018.
South Korean and American officials initialled an agreement on Sunday under which Seoul would increase its contribution to just under 1.04 trillion won ($927 million), an increase of about $70.3 million.
Kim Eui-kyeom, a spokesman for the presidential Blue House in Seoul, said when asked about Trump's $500 million figure that it "shouldn't be taken as a fait accompli". Kim said the figure had been one of Washington's demands during the negotiations.
The agreement signed on Sunday must still be approved by South Korea's parliament. Kim said it was valid for only one year, with the possibility of an extension for another year if both sides agreed.
"Both sides will consider whether a raise is needed and it's also possible that they would agree to maintain the current level," Kim said.
The two sides had struggled to reach a breakthrough, despite at least 10 rounds of talks since March, amid Trump's repeated calls for a sharp increase in South Korea's contribution.
Trump said in his cabinet comments on Tuesday the relationship with South Korea was "great" but that the United States lost "a tremendous amount of money" defending its ally.