South Korea plans to further tighten a limit on foreign banks’ usage of currency derivatives, having this month announced restrictions to curb volatility in capital flows and the won that will take effect from July.
North Korea won’t be bullied by its nuclear-armed enemies, third-generation dictator Kim Jong Un said in his first public address at a military parade as South Korea warned that his regime may conduct an atomic test.
Brazil’s Bovespa stock index rose, paring this week’s drop, on speculation the central bank will raise interest rates less than previously expected, boosting the outlook for companies that benefit from consumer demand.
If Stalin’s Russia was “a riddle, wrapped in a mystery, inside an enigma,” as Winston Churchill described it in 1939, Kim Jong Un’s North Korea 72 years later is an even more inscrutable intelligence target.
The U.S. and China pledged to work together toward convincing North Korea to abandon its nuclear pursuits in a move that highlighted China’s growing frustration with a long-standing yet volatile Communist ally.