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Lavrov: "There Is A Russian-Chinese Plan To Defuse Korea Crisis"

In a glimmer of hope that a military conclusion to the North Korean crisis may yet be averted, Russia's foreign minister Sergey Lavrov said that "Russia does not accept a North Korea that possesses nuclear weapons", cautioned that there is an "overwhelming amount of over-the-top belligerent rhetoric on North Korea’s nuclear and rocket programs from Washington and Pyongyang", but most importantly said that there is a joint Russian-Chinese plan to defuse the North Korean crisis, according to which North Korea would freeze its missile tests, while the US and South Korea would stop larg

Global Market Rout Spreads: VIX Marches Higher As China Stocks, Currency Plunge

Global Market Rout Spreads: VIX Marches Higher As China Stocks, Currency Plunge

The global rout resulting from tensions over the North Korean nuclear standoff continued on Friday as world stocks tumbled for the fourth day, on course for their worst week since November following a third day of escalating verbal exchanges between Trump and Kim, as European and Asian shares tumlbed, volatility spiked, and the selloff in US futures continued albeit at a more modest pace as the escalating war of words over North Korea drove investors on Friday to safe havens such as the yen, Swiss franc and gold.

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