Business World

Saturday 24 August 2019

Trump's tour puts spotlight on Korea

Week 44

US President Donald Trump
US President Donald Trump

Donal O’Donovan

US President Donald Trump ramped up his tough rhetoric against North Korea when he arrived in Japan yesterday, saying the United States and its allies were prepared to defend freedom and "no dictator" should underestimate US resolve.

The president is on a 12-day Asian tour, including to China and South Korea.

Mr Trump has rattled some allies with his vow to "totally destroy" North Korea if it threatens the United States and with his dismissal of North Korean leader Kim Jong-un as a "rocket man" on a suicide mission.

A top aide said last week Mr Trump intends to tell Asian leaders the world is "running out of time" to deal with the Korean nuclear threat.

Closer to home, the Eurogroup meets in Brussels today, where ECB President Mario Draghi's tapering of QE, as well as Brexit, will be under discussion. On the data front, Irish house prices due on Wednesday are expected to see double-digit annual growth into September.

Corporate news due includes full-year results for Associated British Foods tomorrow, and trading updates from Kerry on Wednesday and IFG on Friday.

Irish Independent

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