Homepage / Asia / North Korea foreign minister says may detonate nuclear bomb in Pacific Ocean, reports South Korea media
Asian stocks set for subdued open after Nasdaq notches record close; trade concerns simmer GoodRx, a service for finding bargains on prescription drugs, is in sale talks for up to $3 billion The 4 fastest-growing job skills of the next three to five years: LinkedIn Saudi Arabia, Argentina to be part of MSCI emerging markets index Buffett, Bezos and Dimon's health-care pick is known as a thought leader, not a business leader Alexa goes to college: Northeastern is giving students Amazon Echo Dots Disney-Comcast bidding war for Fox will go up to $45 a share before Disney wins: media expert Tesla's alleged rogue employee is exactly what Congress is worried about with self-driving cars Former Citrix chief Mark Templeton takes over at cloud start-up DigitalOcean Apple makes a big push into kids' content with creators of Sesame Street A year later, what Uber has done to revamp its troubled image The United States just built the world's fastest supercomputer — here's what that means Instagram crosses 1 billion monthly active users, unveils long-form video Microsoft acquires Bonsai to help with its artificial intelligence push Stitch Fix shares pop on speculation of Oprah taking stake in the company The AT&T-Time Warner ruling is making the Murdoch family billions of dollars richer Here's why Google and Amazon probably will never be included in the Dow Chinese investment in the US drops 90% amid political pressure Tesla sues former employee for allegedly stealing gigabytes of data, making false claims to media Nasdaq CEO says ICOs are 'taking advantage' of retail investors JP Morgan is unleashing artificial intelligence on a business that moves $5 trillion for corporations every day This health tech start-up refused to take money from VC firms unless they had a female partner General Electric shareholders should rejoice at the Dow removal US existing home sales fall for second straight month Silicon Valley has an Achilles’ heel that threatens its supremacy in innovation Threatened by coalition partner, Merkel seeks to break migration deadlock China has an Iran oil lever over Trump and it's all playing out at OPEC meeting How tech companies conquered America's cities Nantucket home prices break record highs Oracle reduced visibility into its cloud business, and some analysts aren't happy Buffett, Bezos, Dimon appoint Dr. Atul Gawande as CEO of their newly formed health care company AMC will offer its own MoviePass-like subscription AT&T Advertising CEO: We need to buy more technology to make ads less obtrusive and more relevant Buy beaten-down Citi shares ahead of stress test results and earnings, Deutsche Bank says Disability applications plunge as the economy strengthens A ‘day of reckoning’ is coming for stocks. Here’s what could spark it, says market watcher Disney raises bid for Fox assets to $71.3 billion in cash and stock Morgan Stanley downgrades Starbucks due to its China sales growth stumble Trump wages trade conflicts during historically difficult time for the stock market A cruel summer for stocks is likely upon us, Federated's Phil Orlando warns OPEC set for a collision course over production policy ahead of landmark meeting Stocks making the biggest moves premarket: WGO, GE, FDX, ORCL, SBUX & more GE shares drop after the blue chip gets booted from the Dow, ending a 110-year run EU to hit $3.2 billion of US imports starting Friday in response to Trump's tariffs Mortgage applications jump 5.1% as interest rates settle Kroger, on a 'wild ride' in the last year, reports earnings this week. Here's how to play it Hopes are rising of a breakthrough in one of Africa's longest conflicts Bitcoin is 'not for me' but it's too 'arrogant' to say it won't have a future, Goldman Sachs CEO says High oil prices are a massive headache for India as economy gets 'pinched' The ECB has lost its independence in the wake of the debt crisis, a former member claims The ‘crypto sculpture’ and how hyped things have become Asian economies have a lot to lose in a US-China trade war CEO explains why his Australian company just announced 8,000 job cuts European stocks seen higher amid rising trade war fears; OPEC in focus White House says China's 'economic aggression' is a global threat The inspiration for tech titan Jack Ma's Alibaba was an unlikely politician Microsoft's Nadella: Trump administration policy separating children from families is 'abhorrent' A major cryptocurrency exchange says it was hacked and $30 million in coins was stolen Canada approves recreational use of marijuana Lapses at many levels of bank led to India's huge PNB fraud, internal report shows Australia's largest telco says it will cut 8,000 jobs over the next three years China-based hacking campaign is said to have breached satellite, defense companies Kim Jong Un and China's Xi discuss 'a new future,' North Korean media says Worst isn't over for General Electric, predicts ex-GE transportation CEO Asian shares set for mixed open after trade fears spook markets worldwide Cramer: Tesla's stock still has more upside—just use the right chart Cramer points to the trillion-dollar question about US-China trade: What about Apple? Elon Musk: If I can help kids at the border, I will SNAP CEO on Innovation and Imitation Oracle reports strong fourth quarter results and stock edges up Start-up that uses polymer science to make avocados last longer just scored a deal with Costco Here's a map of every Whole Foods where you'll get an Amazon Prime discount The CEO of agency giant IPG welcomes challengers to Facebook and Google: 'The more the merrier' Traders bet one soaring tech stock is about to lose steam Facebook takes another shot at grabbing social media stars from YouTube UK says it is happy with Rupert Murdoch's Sky News commitments related to bid for parent company Apple CEO Tim Cook says separating immigrant children at US border is 'inhumane' In the short history of Trump trade conflicts, it has paid to buy the market dip Danny Meyer stands by cashless push: 'We're unaware of any federal law' that requires accepting cash Express Scripts boots another online pharmacy — CareZone — from its network Home Depot and two other Dow stocks look ripe for a buy, says technician Snap shares plunge after analyst says users are less engaged White House's Navarro on China trade talks: No knowledge of Apple iPhone exemption Merkel, Macron agree on euro zone budget Walgreens and Humana are partnering to create senior health hubs Sarepta Therapeutics shares soar 50% on positive preliminary results for muscular dystrophy gene therapy Verizon pledges to stop some selling of phone-location data There's one Dow stock having a great day: Verizon Europe's IPO market heats up, and unicorns are getting in line Amazon wants a hand in all your deliveries, unveils last-step option for FedEx, UPS and private mail Soybean prices drop to two-year low on US-China trade war fears Cramer: US-China trade fight 'is not serious' right now; Trump has upper hand China has a limited number of weapons to use in a trade war with the US Laws governing medical marijuana could soon be relaxed in the UK The flip phone is about to make a big comeback as foldable screen nears reality Here is what a student could have made if they invested their 2014 summer earnings in FANG stocks VW names interim Audi boss, seeking to steady brand after its CEO's arrest Here’s the fundamental error in Trump’s trade strategy Chip stocks dive on trade war fears as industry gets a majority of its revenue from China New home construction booms to a near 11-year high in May

Asia

North Korea foreign minister says may detonate nuclear bomb in Pacific Ocean, reports South Korea media

North Korean Minister of Foreign Affairs Ri Yong Ho said that his country may consider a test of a hydrogen bomb in the Pacific Ocean, according to a report from South Korea’s official news agency Yonhap.

Ri said the potential test of “the most powerful detonation of an H-bomb” would be one possible “highest-level” action against the U.S., according to the report.

He added that he didn’t know what actions would be ordered by Kim Jong-un, Yonhap reported.

Ri’s threat is significant because such a detonation would move North Korea’s nuclear weapons activities beyond its borders for the first time. Japan, for example, lies between North Korea and the Pacific Ocean.

The communist dictatorship’s previous nuclear tests have taken place in its isolated mountains.

Hydrogen bombs are more powerful by an order of magnitude than the atomic bombs that North Korea tested in previous years. The country claims that an atomic test it carried out early this month was an H-bomb.

Ri is in New York attending the United Nations General Assembly.

The news immediately sent the Japanese yen higher. Despite Japan’s proximity to North Korea, its currency regularly benefits when investor anxiety suddenly rises.

The dollar was fetching as much as 112.55 yen before the news, but fell as low as 111.95 yen afterward.

South Korea’s currency, the won, came under pressure. The dollar was fetching as much as 1,134.50 won after the news, compared with as little as 1,131.28 won earlier.

Ri’s reported comments followed a statement from Kim chastising President Donald Trump, calling the president’s United Nations address earlier this week “unprecedented rude nonsense.”

Early Friday, Kim said that the president’s remarks at the U.N. merit the “highest level of hard-line countermeasure in history.” The dictator said he is “thinking hard” about what kind of reaction Trump could have possibly expected when he delivered those remarks.

“The mentally deranged behavior of the U.S. president openly expressing on the U.N. arena the unethical will to ‘totally destroy’ a sovereign state, beyond the boundary of threats of regime change or overturn of social system, makes even those with normal thinking faculty think about discretion and composure,” Kim said in a statement circulated on state news agency KCNA.

Kim urged the president to “exercise prudence in selecting words” after Trump on Tuesday issued a harsh warning to Pyongyang. The president threatened to “destroy” the communist nation if it threatened the United States.

Pyongyang’s response comes hours after Trump signed an executive order that aims to expand his authority to target people and institutions doing business with North Korea. The measure seeks to cut off North Korea’s access to funding and deter its nuclear and missile programs.

In recent weeks, North Korea has tested ballistic missiles and an apparent hydrogen bomb in the face of international economic sanctions and warnings. Last week, the U.N. unanimously passed fresh measures to punish the isolated nation economically, with the support of China and Russia.

—CNBC’s Ted Kemp and Jacob Pramuk contributed to this article.

Source: cnbc china
North Korea foreign minister says may detonate nuclear bomb in Pacific Ocean, reports South Korea media

Comments are closed.