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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

Wall Street to Continue Higher; Housing Data Eyed

U.S. stock markets are set to open higher Friday, with investors reveling in a combination of healthy corporate earnings, diminished external growth risks and healthy domestic economic data. Futures for theS&P 500 were trading 8 points, or 0.3% to 3,324.62, higher by 11:55 AM ET (11:55 GMT), futures for the NASDAQ Composite were 34 points, or 0.4%, higher to 9,347, while the Dow Jones 30 futures contract was up 80 points, or 0.3% to 29,315.5. On Thursday, the S&P 500 rose 0.8%, the...

San Francisco Sues Trump Administration Over Rule to Limit Legal Immigration
Wednesday, 14 August 2019 17:15 WIB | GLOBAL |Global

The city of San Francisco and nearby Santa Clara County sued President Donald Trump's administration on Tuesday, seeking to block a new rule that would drastically reduce legal immigration by denying visas to poor migrants.

Some experts say the new rule could cut legal immigration in half by denying visas and permanent residency to hundreds of thousands of people if they fail to meet high enough income standards or if they receive public assistance such as welfare, food stamps, public housing or Medicaid.

"This illegal rule is just another attempt to vilify immigrants," San Francisco City Attorney Dennis Herrera said in a statement. Trump has made efforts to curb both legal and illegal immigration, an issue he has made a cornerstone of his presidency and one that he has stressed again as the campaign for the 2020 presidential election heats up.

The rule, unveiled on Monday and to take effect Oct. 15, expands the definition of a public charge, allowing denials to visa applicants who fail to meet income requirements or who receive public assistance.

"The final rule rejects the longstanding, existing definition of public charge, and attempts to redefine it to include even minimal use of a much wider range of non-cash benefits," said the lawsuit, filed in U.S. District Court in San Francisco.

"The final rule will worsen the health and well-being of the counties' residents, increase risks to the public health, undermine the counties' health and safety-net systems, and inflict significant financial harm," the suit said.

San Francisco is both a city and a county. Santa Clara County includes the city of San Jose and various other parts of Silicon Valley.

The suit names U.S. Citizenship and Immigration Services, the Department of Homeland Security and their directors as defendants. The former agency declined to comment and the latter did not immediately respond to a request for comment.

The suit claims the new rule violates the Immigration and Nationality Act of 1965 by contradicting the longstanding definition of public charge as a person "primarily" dependent on public assistance for survival.

Source : VOA

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POPULAR NEWS
Gold futures end higher for the session, barely changed for the week

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was also bruised by the 'phase one' [U.S.-China] deal, which offered some light at the end of the long trade war tunnel. With stock markets hitting record highs and the dollar stabilizing, gold is...

Gold Edges Higher, But Faces Worst Week in Two Months

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's second-largest economy ended 2019 on a somewhat firmer note as the trade truce revived business confidence. Spot gold rose 0.3% to $1,556.56 per ounce, but was heading for a weekly drop of about 0.4%...

Oil Near $59 as Trade Deal Hopes Jostle With Ample Supply

Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful. Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing™s phase-one deal commits China to $52.4 billion in additional purchases of American energy over 2020 and 2021. Still, there was some skepticism about whether such as target is feasible, particularly if it leaves...

Hong Kong Stocks End Week with Gains (REview)

Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers. The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42. The benchmark Shanghai Composite Index rose 0.05 percent, or 1.41 points, to 3,075.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.29 percent, or 5.29...

Wall Street to Continue Higher; Housing Data Eyed

U.S. stock markets are set to open higher Friday, with investors reveling in a combination of healthy corporate earnings, diminished external growth risks and healthy domestic economic data. Futures for theS&P 500 were trading 8 points, or 0.3% to 3,324.62, higher by 11:55 AM ET (11:55 GMT), futures for the NASDAQ Composite were 34 points, or 0.4%, higher to 9,347, while the Dow Jones 30 futures contract was up 80 points, or 0.3% to 29,315.5. On Thursday, the S&P 500 rose 0.8%, the...

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