Yellen Not Confident Wall Street Stocks Increase Symptoms 'Bubble'

Federal Reserve Governor Janet Yellen, who has finished his term said Friday, he is not convinced a big rise in stock prices on Wall Street in recent months is a symptom bubble or a bubble that can at any time (19659002) Yellen, who left his post on Saturday and will be replaced by Jerome Powell, Monday, made the comment in an interview with PBS television before the Dow Jones closed down more than 650 points , the biggest decline since June 2016.

"I do not mean to mention the behavior of the stock market we see as bubble but in my opinion, the value of these assets generally increases," Yellen said, and advised investors to "cautious in diversifying their investments."

US stock markets have gained more than 30 percent since President Donald Trump but on Friday, concerns about an interest rate hike following better-than-expected January jobs data led to a fall on Wall Street.

When asked about the state of the US economy, Yellen said that "the economy looks very "

The US economy added 200,000 jobs in January, with unemployment at 4.1 percent, its lowest level in more than 17 years.

19659002] When asked about Trump's decision not to renew his term of office four years later at the Federal Reserve, the 71-year-old Yellen admitted he was "disappointed".

"I want to hold another term and that I have revealed, "he said, in his first comment on the matter.

Yellen was appointed in 2014 by Barack Obama to lead the US Central Bank, Y ellen is the first woman to lead the US Central Bank.

Powell, a former Republican investment banker, will be one of the non-economist officials to hold the post. [ps/jm]

Havana Protests US Efforts to Increase Internet Access in Cuba

Cuba has officially protested the creation of a US taskforce to improve internet access on the island, arguing it "violates Cuba's sovereignty." The communist-controlled island is one of the most not connected in the world.

The US State Department said that the task force will hold its first meeting on February 7 to encourage "free flow of information in Cuba." The team will study "the challenges and technological opportunities to expand internet access and media independently in Cuba, "the US State Department said.

In a diplomatic memo to the top US diplomat in Havana, Lawrence Gumbiner, Cuba on Wednesday (31/1) filed a" violent protest "against America's desire to publicly violate Cuba's related sovereignty national legislation governing the flow of information. "

The memo declared the attempt to manipulate the internet for political and subversive purposes it is intended to "alter or disrupt the constitutional order" in Cuba. Cuba demanded that America "halt subversive, intervention, and illegal action against Cuba." According to Cuban government data, 40 percent of the island's 11 million inhabitants can use the internet in 2017.

However, in spite of recent government efforts to increase wifi availability, most Cubans have no internet because of costly access, (19659003) US-Cuban relations began to warm under President Barack Obama, when both countries placed ambassadors in 2015 for the first time since 1961. But President Donald Trump has taken up a tougher approach to Cuba since taking office. In his state address on Tuesday, Trump highlighted how his administration had "imposed tough sanctions on communist and socialist dictatorships in Cuba and Venezuela." [as/ii]

South Korea to Increase US Import Rates to WTO

South Korea has responded rapidly to a surge in US import tariffs for washing machines and solar panels, posing challenges and demands for compensation at the World Trade Organization.

The WTO issued South Korea's complaint on Thursday (2/1), two days after US President Donald Trump signed the high tariff into law. He called the move a way to protect US employment, but the solar panel industry said the policy would cause thousands of layoffs and raise consumer prices.

The 30 percent import tariff for solar panels is among the first unilateral trade barriers imposed by governments Trump is part of a broader protectionist agenda aimed at helping US producers, but has been concerned about trading partners in Asia that produce goods at lower cost.

South Korea challenges US tariffs under WTO Security Agreement, the possibility of a full trade dispute in the future. [as/ii]

US Industrial Result Last Year Nominated the Biggest Increase since 2010

The US industry recovered in 2017, posting its biggest gain in seven years, with the biggest gain in the mining sector, the Federal Reserve said Wednesday (17/1).

Industrial results rose 3.6 percent last year, with a jump of 11.5 percent in mining activity, the biggest increase for the sector since 2014.

The most important manufacturing sector posted its biggest rise in six years, up 2.4 percent, the Federal Reserve said in its monthly report.

For the last month of this year, total production rose 0.9 percent compared to November, thanks to a massive surge in public services for water, electricity, natural gas, telephones and other needs, far larger than analysts' most optimistic estimates. 19659002] The monthly rise included a 1.6 rise in the mining sector, primarily due to oil and gas mining, and a 0.1 percent increase in production, the fourth consecutive increase. [19659002] The fourth quarter was particularly strong, jumping 8.2 percent, given Hurricane Harvey and Irma had disrupted industrial activity in the previous quarter. [as]

Foreign Ministers from 20 Countries Agree to Increase Pressure on North Korea

Foreign ministers from 20 countries say the international community should improve the effectiveness of existing sanctions against North Korea until it abandons its nuclear weapons program.

The top diplomats discuss Pyongyang's controversial nuclear and ballistic missile program in a meeting at Vancouver, Canada and warned the world not to be naïve about the intentions behind North Korea's recent dialogue with its neighbor South Korea.

Wrong warning alarms about imminent missile attacks have triggered panic in Hawaii. (19659003) Foreign ministers from 20 countries send an integrated message: North Korea possessing nuclear weapons is unacceptable.

The United States says it is not time to ease the pressure on Korea North.

Foreign Minister Rex Tillerson explains, "Today we discuss ways to further increase pressure on North Korea through the implementation and compliance of more effective sanctions, and countries submit proposals on how they intend to do so. We agree that the needs of member states of the United Nations, especially China and Russia, to fully implement the agreed sanctions are critical to its success We discuss the importance of working together to prevent the avoidance of sanctions and smuggling. "

While others warned the world so as not to be deceived by North Korea, such as diung "We welcome last week's agreement between North and South Korea to hold inter-military discussions and for North Korea to participate in the Winter Olympics next month." (19659003) These are all encouraging gestures, but I want to say that no real progress can be achieved in overcoming instability on the Korean peninsula until North Korea changes its course, and certainly after it has verified it has abandoned all weapons of mass destruction, "he said.

North Korea is buying time to perfect its nuclear capabilities, while trying to get sanctioned, analysts say, as Harry Kazianis, an analyst at the Center for National Interest, a public policy research institute in Washington, DC

"Actually this year, by 2018 it is predicted that the North Korean economy will become one of the economies of only a few countries that will actually decline. The condition is a big sign and a real challenge with the sanctions that have been imposed. The reason that North Korea is experiencing all this is because they want nuclear weapons to hit the United States, "he explained.

American officials say the Vancouver summit is also intensifying efforts to prevent North Korea smuggling illegal goods by sea. [lt/uh]