Singapore suspends trade ties with North Korea

A South Korean soldier talks with a surgeon at a hospital where a North Korean soldier who defected to the South after being shot and wounded by the North Korean military is hospitalized in Suwon South Korea

A South Korean soldier talks with a surgeon at a hospital where a North Korean soldier who defected to the South after being shot and wounded by the North Korean military is hospitalized in Suwon South Korea

The Singapore customs authority informed trading companies in a notice on November 7 that the city state would halt all trade activities with the North the following day.

Radio Free Asia reported that the Singaporean government recently enforced a ban on commercial exchanges with North Korea on all trading companies and intermediaries. Offenders may be fined or jailed for up to two years.

North Korea has launched a total of 19 missiles from February to September in defiance of United Nations sanctions.

Singapore was its eighth biggest trading partner in 2016, but that only made up 0.2% of the North's trade. The Philippines said in September it has suspended trade with North Korea to comply with sanctions.

U.S. President Donald Trump issued an executive order 10 days later penalizing any company or person doing business with North Korea by cutting off their access to the U.S. financial system, freezing their assets or both.

Tension in the Korean peninsula reached unprecedented levels earlier this year after Pyongyang's repeated missile tests, including two long range missiles that flew over Japan, and its sixth and biggest nuclear test.

Notícias recomendadas

  • Alder Biopharmaceuticals Inc. (ALDR) now shows its YTD performance of -52.16 percent

    If you are viewing this story on another website, it was stolen and reposted in violation of worldwide trademark & copyright law. Ameriprise Financial Inc. raised its position in shares of Alder BioPharmaceuticals by 8.4% in the second quarter.
    Instagram on mobile site now lets you create Stories and save posts

    Instagram on mobile site now lets you create Stories and save posts

    Instagram tells me it plans to keep improving the creative tool offering on mobile web but it has nothing more to share right now. Now, in addition to being able to watch stories on Instagram .com, you can create and post them from your phone's web browser.
    Mark Dantonio Named George Munger College Coach Of The Year Semifinalist

    Mark Dantonio Named George Munger College Coach Of The Year Semifinalist

    No. 17 Michigan State returns to action Saturday, Nov. 18 to face Maryland (4-6, 2-5 Big Ten) in Spartan Stadium at 4 p.m. Now in his 11th season as head coach of the Spartans, Dantonio owns a 97-45 (.683) record in East Lansing.
  • ICICI to extend credit to Paytm users

    ICICI to extend credit to Paytm users

    Customers can use their Paytm Wallet, debit card or internet banking of any bank for easy repayment of their dues. There would be no transaction, joining or hidden administration fees, the company said.
    EMA approves GSK's triple COPD therapy

    EMA approves GSK's triple COPD therapy

    Trelegy Ellipta is the first once-daily triple medicine for chronic obstructive pulmonary disease (COPD), putting GSK ahead of rivals such as AstraZeneca and Novartis.
    Hal Steinbrenner agreed with GM's decision to fire Joe Girardi

    Hal Steinbrenner agreed with GM's decision to fire Joe Girardi

    I know he's a good leader. "Their revenue is nearly triple, over double what it was 10, 15 years ago", agent Scott Boras said. Steinbrenner said he has no timetable in mind for a new manager and that he's "not rushing" Cashman through the process.
  • Tesla To Unveil Prototype for Electric Big Rig

    Tesla To Unveil Prototype for Electric Big Rig

    Tesla faces a much more crowded field for electric trucks than it did when it introduced its electric cars. But the semi also adds to the chaos at Tesla, which posted a record loss in the third quarter.
    Un policier et une prof soupçonnés de pédophilie arrêtés

    Un policier et une prof soupçonnés de pédophilie arrêtés

    L'institutrice de son côté aurait affirmé avoir agi de la sorte par amour pour son compagnon , indique toujours le quotidien. Après saisine du commissariat d'Arras, le couple a été interpellé le 27 septembre et déféré au parquet de cette ville.
    Philippines, China ruling parties building stronger relations

    Philippines, China ruling parties building stronger relations

    It's a symbol of the critical help, the crucial moment when we needed most and there was nobody to help us at that time", he said. On June 27, the Chinese government donated P15 million for the relief operations in Marawi.
  • Predicted West Brom side to play Chelsea: Strong 3-5-2 line-up

    Predicted West Brom side to play Chelsea: Strong 3-5-2 line-up

    With a losing streak in the air, head coach Tony Pulis of West Bromwich Albion may only have a short time left with the team. But it will be out of his hands if the Chinese power-brokers decide it's time for a change to arrest the slide.

    Putnam FL Investment Management Co. Buys New Holdings in Morgan Stanley (MS)

    Following the transaction, the insider now owns 111,776 shares of the company's stock, valued at approximately $5,596,624.32. Other hedge funds and other institutional investors have also recently made changes to their positions in the company.
    Prospect Capital Corporation (PSEC) CFO Brian H. Oswald Acquires 35000 Shares

    Prospect Capital Corporation (PSEC) CFO Brian H. Oswald Acquires 35000 Shares

    Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Whereas, in last 21 trading days (one month) was surged 0.31% and slashed in last 63 trading days (quarter) of -14.36%.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.