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The US' designation of the DPRK as a state sponsor of terrorism could lay waste to the efforts of China and Russia to bring the DPRK back to the negotiation table. Instead, it could be used by Pyongyang as a pretext to renew its weapons tests, thus restarting the vicious circle of escalating tensions on the peninsula that had seemed in danger of spiraling out of control.

The US side should be responsible if, as China has said, all economic and trade outcomes of previous talks fail to take effect thanks to the US' latest decision to impose tariffs on Chinese goods.

The US Treasury Department announced the sanctions on Rosneft Trading SA, the Geneva-based trading unit of Rosneft, the world's largest listed oil company by output, as it targeted Russia over its alleged backing for Venezuela's efforts to skirt US sanctions.

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The US earlier had insisted on a rapid process of complete, verifiable and irreversible denuclearization of the Korean Peninsula, but has tamped down the expectation recently. Trump indicated on Tuesday that it will take a long time, even from a scientific standpoint.

The US-based investment bank now runs investment banking, commercial banking, wholesale payments, securities services, asset management, and futures services in China, with JPMorgan Securities (China) Co Ltd, the country's first newly-established securities firm with foreign majority ownership, opening for business in Shanghai's Pudong New Area in March.

The US Department of Justice has filed an appeal with the 9th Circuit Court of Appeals seeking to overturn and stay a preliminary injunction ordered by a District Court judge in San Francisco on Sept 20.

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The US side needs to verify the KCNA's report, she said. "We've received no formal or even informal notification of anything."

The US Federal Reserve slashed the policy rates by a full percentage point to a range of 0.0 to 0.25 percent on Sunday, hours before international financial markets opened for the new trading week, to curb investors' panic after abrupt declines in stock prices last week. It also promised to boost its bond holdings by at least 0 billion to maintain financial stability.

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The US investment bank Goldman Sachs predicts the gold price will exceed ,600 per ounce in 2020, and that global central banks, whose 2019 purchases of gold bullion total an estimated 750 tons, will add to their gold reserves.

The US head office of TikTok is shown in Culver City, California, Sept 15, 2020. [Photo/Agencies]