Donald Trump signs executive order targeting North Korea's trading partners

In the same forum, Russian Foreign Minister Sergey Lavrov on Thursday took an indirect swipe at the United States, telling the United Nations that "military hysteria" over North Korea's nuclear and missile tests would lead to "disaster".

Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China's increasingly isolated neighbour.

"I'm very proud to tell you that, as you may have just heard moments ago, China, their central bank has told their other banks - that's a massive banking system - to immediately stop doing business with North Korea", Trump said at the United Nations alongside South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe.

The EU agreed today on new sanctions against North Korea, diplomatic sources said, as the global community steps up efforts to punish the pariah state for its nuclear weapons programme.

"Management of North Korea-related business has become an issue of national-level politics and national security", the notice read.

Costco Wholesale Corporation (COST) Shares Sold by GW&K Investment Management LLC
In the latest week ZAGG Inc (NASDAQ:ZAGG) stock volatility was recorded 7.21% which for the previous full month was noted 5.22%. House Ltd Limited Liability Company stated it has 1.59% of its portfolio in Costco Wholesale Corporation (NASDAQ: COST ).

Chinese banks are not allowed to provide financial transactions for new North Korean customers, and they are encouraged to begin severing ties with existing customers.

President Donald Trump claimed Thursday that China has ordered its banks to stop doing business with North Korea - the rogue regime's principal trading partner.

Banks are to tell North Korean customers that Chinese banks are "fulfilling our global obligations and implementing United Nations sanctions against North Korea".

Trump signed the executive order two days after he warned North Korea of "total destruction" if its leader Kim Jong-Un, whom he mockingly described as a "Rocket Man", continued with his provocative behaviour.

China's Big Four state-owned banks have stopped providing financial services to new North Korean clients, Reuters reported last week, with some measures beginning as early as the end of a year ago.


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