UN Calls on Myanmar to Improve Conditions for Safe Return of Rohingyas

The United Nations is calling on Myanmar to live up to an agreement that would give the world body full access to northern Rakhine state, the scene of last year’s brutal military crackdown on the region’s Rohingya Muslims.

The U.N.’s refugee and development agencies signed a pact with Myanmar in early June that allows them to create conditions that would allow Rohingya refugees to return to Rakhine safely and voluntarily from neighboring Bangladesh.

But the two agencies issued a statement Wednesday that their requests to establish operations in Rakhine state, dating back to mid-June, have gone unanswered.

In addition to allowing unfettered access to Rakhine, the U.N. agencies also called on Myanmar to provide freedom of movement for all communities in Bangladesh, and to address the root cause of the crisis.

Nearly 700,000 Rohingyas have been languishing in refugee camps in Bangladesh since August of last year, when Myanmar military forces launched a counteroffensive in response to attacks on state security posts by Rohingya militants.

Source : VOA


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Asian Stocks Slide as Trade Fears Return

A fresh round of trade-war fears sent stock markets sinking across Asia.

Asia assets came under pressure as higher U.S. tariffs on Chinese goods look increasingly likely, with President Trump asking the U.S. trade representative to consider raising proposed levies on $ 200 billion in imports to 25 percent from 10 percent.

The MSCI Asia Pacific Index sank 1.3 percent to the lowest in almost two weeks. The MSCI All-Country World Index declined 0.5 percent to the lowest in more than a week.

A sell-off in Asian stocks spilled over into European equities and U.S. futures on Thursday as the Trump administration’s latest threats to free trade rattled markets. The dollar climbed and bonds were mixed with central bank policy high on the agenda.

Source: Bloomberg

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Stocks Open Lower as Fears Over Trade Tariffs Return

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U.S. stocks opened lower on Thursday, as the return of trade war fears weighed on investors’ minds and oil prices were pulling back. The White House could impose tariffs on steel and aluminum imports from the European Union as early as Thursday, which would likely be met with retaliatory actions from the EU.

The Dow Jones Industrial Average opened 0.3% lower at 24,590, while the S&P 500 was down 0.2% at 2,720 at the open. The tech-heavy Nasdaq Composite Index opened at 6,979, down 0.2%. In individual stocks General Moters Co. jumped 10.5% following new of a $ 2.25 billion investment in its self-driving unit by the SoftBank Vision Fund.

Source : Marketwatch

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