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SEOUL, South Korea AP 鈥?North Korea fired an intermediate-range missile over Japan into the northern Pacific Ocean on Friday, U.S. and South Korean militaries said, its longest-ever such flight and a clear message of defiance to its rivals.Since President Donald Trump threatened the North with fire and fury in Augu stanley usa st, Pyongyang has conducted its most powerful nuclear test and launched two missiles of increasing range over U.S. ally Japan. It tested its first-ever intercontinental ballistic missiles in July.The growing frequency, power and confidence displayed by these tests seems to confirm what governments and outside experts have long feared: North Korea is closer than ever to its goal of building a military arsenal that can viably target both U.S. troops in Asia and the U.S. homeland. This, in turn, is meant to allow North Korea greater military freedom in the region by raising doubts in Seoul and Tokyo that Washington would risk the annihilation of a U.S. city to protect its Asian allies.South Koreas Joint stanley travel mug Chiefs of Staff said the missile traveled about 3,700 kilometers 2,300 miles and reached a maximum height of 770 kilometers 478 miles .Nor stanley us th Korea has repeatedly vowed to continue these tests amid what it calls U.S. hostility 鈥?by which it means the presence of tens of thousands of U.S. troops in Japan and South Korea. Robust diplomacy on the issue has been stalled for years, and theres little sign that senior officials from Pyongyang and Washington might sit dow Iuly Gov. Baker reportedly being considered for possible Biden Cabinet
REUTERS/Tingshu Wang/File PhotoParamilitary police officers stand guard in front of the headquarters of the People Bank of China, the central bank PBOC , in Beijing, China September 30, 2022.Reuters13:41 JST,ensp;January 20, 2025SHANGHAI Reuters China left benchmark lending rates unchanged for a third consecutive month, as expected, as a weakening yuan has limited Beijings monetary policy easing efforts.At the monthly fixing on Monday, the one-year loan prime rate LPR was kept at 3.1%, while the five-year LPR was unchanged at 3.6%.Most new and outstanding loans in China are based on the one-year LPR, whil stanley germany e the five-year rate influences the pricing of stanley kubek mortgages.In October 2024, Chinese lenders stanley cup slashed lending benchmarks by bigger-than-expected margins to revive economic activity.WHY ITS IMPORTANTChinas economy hit the governments ambitions for 5% growth last year, effectively reducing the urgency for imminent monetary stimulus at a time the yuan currency is facing renewed depreciation pressure.Banks narrowing interest rate margin also limits the scope for monetary easing.BY THE NUMBERSThe one-year loan prime rate LPR was kept at 3.1%, while the five-year LPR was unchanged at 3.6%.CONTEXTChina has stepped up measures ranging from verbal warnings, tweaks to capital flows and issuance of offshore yuan bills to put a floor under the declining yuan.Investors are dialing back bets on near-term rate cuts in China, the derivatives market shows, as expectations
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