Monday, 20 August, 2018

Asia stocks wobble after G7; Trump-Kim summit, central bank meetings eyed

In this handout provided by Ministry of Communications and Information of Singapore North Korean leader Kim Jong Un arrives in Singapore MoreCloseclosemore
Russell Knight | 11 June, 2018, 18:28

While the White House update detailed the size of the meeting, the expected length of the meeting hasn't been released. Will the eight-inch height difference between the two men - aged 72 and 33 respectively - be a problem?

North Korean state media triumphantly announced Kim's trip to Singapore on Sunday, calling it an historic foreign tour and showing pictures of the young leader waving as he left Pyongyang. One dispatch by the Korean Central News Agency said North Korea and the USA would exchange "wide-ranging and profound views" on establishing new relations, building a "permanent and durable peace-keeping mechanism", achieving denuclearization and "other issues of mutual concern, as required by the changed era". It will certainly be an exciting day and I know that Kim Jong-un will work very hard to do something that has rarely been done before ...

US President Donald Trump arrived in Singapore on Sunday to join North Korean leader Kim Jong-un for a historic summit which could lay the groundwork for ending a nuclear stand-off between the two countries and see Pyongyang dismantle its arsenal in return for economic help and security guarantees.

Trump himself seemed optimistic as well. The prime minister then hosted Trump and the American delegation for lunch, with a menu including Lobster bisque, beef tenderloin and ice cream, Reuters reported.

But as he embarked for Singapore he changed his tune, calling it a "one-time shot" and adding he will know "within the first minute" whether an agreement will be possible.

He also told Lee: "We appreciate your hospitality and professionalism and friendship.You're my friend".

U.S. Secretary of State Mike Pompeo said last week that progress is being made in bringing the two sides together in their understanding of denuclearization.

Outside the St. Regis Hotel in Singapore, where North Korean leader Kim Jung Un is staying, the media was confined to the sidewalk.

IBM’s Summit Currently The World’s Most Powerful AI Machine
According to Tech Crunch, the computer will feature 4,608 compute servers, 22 IBM Power9 chips andsix Nvidia Tesla V100 GPUs each. That means researchers will be able to get more accurate results faster.

Arsenal Will Wait A Month Before Announcing Transfer Despite Deal Being Agreed
Arsenal players not at the World Cup will return for pre-season training in the week commencing Monday July 2. The PSG midfielder also included a location tag which placed him in France, not London as per the report.

Kim, Trump arrive in Singapore for landmark summit
The jet carrying Kim landed at the airport Sunday afternoon amid huge security precautions on this city-state island. During his preparation period, Trump continued on Monday to publicly brawl on Twitter with U.S. allies over trade.

The clearest benchmarks about what the U.S.is seeking from the summit, however, have come from Pompeo rather than Trump.

More than 2,500 journalists are in Singapore to cover the event.

Special Operations Command (SOC) police officers patrol Orchard Road on June 10 ahead of the Trump-Kim summit in Singapore.

After more than a day's silence on Twitter, Trump posted four tweets about trade disagreements that were the talk of the G-7 conference, followed by a quick mention of the summit he is now attending - writing "Great to be in Singapore, excitement in the air!" - before turning back to tweeting about trade once more.

Donald Trump has said that if the Singapore parley is a success, he will invite Kim Jong-un to the White House. It's a reflection of the intense global curiosity over Kim's sudden turn to diplomacy in recent months after a slew of North Korean nuclear and missile tests a year ago raised serious fears of war.

Kim is welcomed by Singapore's Prime Minister Lee Hsien Loong during his visit to the Istana, the official residence of the prime minister, following the North Korean leader's arrival in Singapore.

Meanwhile, President Trump arrived at Paya Lebar Airbase in Singapore in the evening and was also received there by the country's foreign minister Vivian Balakrishnan.

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