Homepage / Asia / Trump is likely to ask Putin for help with his North Korea problem
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Asia

Trump is likely to ask Putin for help with his North Korea problem

Russian President Vladimir Putin and U.S. President Donald Trump are sure to discuss North Korea at next week’s bilateral summit as the American leader looks to tap Moscow’s strategic leverage over the isolated state.

The controversial heads of state are due to meet in Helsinki on Monday, with arms control, Ukraine, Syria and Iran likely to dominate talks. Pyongyang’s pledge to denuclearize may not top the agenda, but it’s likely to get considerable attention.

The U.S. president will “absolutely” seek Putin’s help on the matter, according to Benjamin Katzeff Silberstein, associate scholar at the Philadelphia-based Foreign Policy Research Institute. For one, Trump may ask the Russian leader to maintain sanctions on ruler Kim Jong Un’s regime, he said.

Putin imposed restrictions on North Korea to comply with a U.N. Security Council resolution last October, but his administration has generally rejected most U.S.-led efforts to isolate Pyongyang.

For its diplomacy to succeed, it’s crucial for Washington to maintain pressure on the pariah nation, but Beijing and Moscow are reluctant to do so following April’s inter-Korean summit and last month’s Trump-Kim meeting, explained Silberstein.

“Both China and Russia see the cooling of ties as significant enough progress to argue that sanctions should be lessened in the near future, while Trump argues that they should stay on with full pressure until North Korea has abolished its nuclear weapons,” the scholar said.

Russia’s economic influence over North Korea is nowhere as great as China’s, but it still wields considerable sway thanks to deep-rooted trade, cultural and commercial relations. The Eurasian country is a major destination for North Korean laborers and in 2014, it wrote off 90 percent of Pyongyang’s $11 billion debt from the Soviet-era. In May, Kim said he “highly” valued Putin for opposing the U.S., according to Russian media.

“Trump will mention North Korea [to Putin] to ensure that all parties are aware of his intended outcome and to listen to any pushback or suggestions that Putin may have,” said Tony Nash, founder and chief economist at analytics firm Complete Intelligence: “Every little bit of influence and information helps with North Korea.”

But Putin won’t be doing Trump any favors — the world’s largest nation by size stands to benefit from a denuclearized North Korea.

“Russia is hoping that a potential cooling of tensions in the area will give it economic and geopolitical advantages,” explained Silberstein.

A peace process could potentially bring about infrastructure dividends such as railways that connect Seoul with Moscow via Pyongyang or greater benefits from North Korea’s port in Rajin, he continued. The facility, located near the Russian border, offers opportunities for Russian exports because water there doesn’t freeze during winter — it’s also the site of a weekly ferry service to Vladivostok.

Depending on how much progress Pyongyang makes on surrendering nuclear weapons, sanctions may be finally eased. That, in turn, opens a wealth of trade and economic windows for North Korea’s allies, namely Beijing and Moscow.

“Putin is well-positioned to exploit these possibilities,” 38 North, a research group under Washington-based think tank The Stimson Center, said in a new report. From South Korean President Moon Jae-in’s June visit to Moscow to a planned Putin-Kim summit set for September, “Russia has a valuable role to play in helping resolve the North Korean nuclear crisis, and Trump and his national security team surely know this,” the group said.

The Kremlin has long sought to be a leader on the Korean Peninsula as part of its ambitions to be a great power in North Asia. If Russia gets more involved in the peace process, experts said, its growing presence could ultimately weaken American influence in the region while simultaneously balancing China’s rising clout.

“As Trump spoke of North Korea as a potential destination for foreign investment, so Putin will recall plans for a railway route that would bring South Korean cargoes to the Trans-Siberian Railway and a gas pipeline and electrical power lines that could pass from South Korea to Russia via North Korea,” Alexander Gabuev, senior fellow at foreign policy-focused think tank Carnegie Moscow Center, wrote in a June note.

“That would give Pyongyang not just transit revenues but also reasons to be more pacific,” Gabuev added.

Source: cnbc china
Trump is likely to ask Putin for help with his North Korea problem

Comments are closed.