MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

N. Korea Test-Fires Submarine-Launched Cruise Missiles

NORTH KOREA

The Korean Central News Agency (KCNA) confirmed that North Korea test-fired a couple of cruise missiles over the weekend, which the South Korean military said were launched from the area near a submarine shipyard in Sinpo. It was not immediately clear if the projectiles were actually fired from a submarine.

  • This was the second launch of the new Pulhwasal-3-31 missiles, with Pyongyang revealing that they are submarine-launched. The country's leader Kim Jong-un said that "the nuclear weaponisation of the navy is an urgent task of the times".
  • Yonhap News Agency reminds that North Korea has been trying to diversity missile launch platforms to increase its capacilities to stage a surprise attack and evade the South's missile defence systems.
  • North Korea's foreign policy has become increasingly hawkish over the past couple of years. This culminated in the recent decision to abandon efforts towards Korean unification and designate the South as chief enemy.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.