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POPULAR NEWS
Gold ends lower, suffers a weekly loss as bond yields rise

Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb. Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August. December gold on Comex lost $7.90, or 0.5%,...

U.S Stocks End Mostly Lower as Dow Extends Seven-Day Streak of Gains

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day. The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177. The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...

Hong Kong Shares End Week With Sharp Gains

Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69. Source : AFP

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month. The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.    On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking...

Oil logs a weekly loss amid worries about rise in supplies

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to settle at $54.85 a barrel on the New York Mercantile Exchange”for a roughly 3% weekly decline, according to Dow Jones Market Data, tracking the front-active contract. November Brent crude ...

US 'Concerned' by Reports of Chinese Military Movement Near Hong Kong Border
Thursday, 15 August 2019 10:50 WIB | GLOBAL |Global

The United States says it is "deeply concerned" by reports of Chinese paramilitary movement along the border with Hong Kong, the Chinese territory that has seen 10 consecutive weeks of pro-democracy demonstrations.

"We encourage China and all parties in Hong Kong to pursue a solution that respects the liberty of Hongkongers and Hong Kong™s high degree of autonomy, as enshrined in the Sino-British Joint Declaration," a State Department spokesperson said. "It is important for the Hong Kong government to respect the freedoms of speech and peaceful assembly, as enshrined in the Sino-British Joint Declaration, and for China to respect Hong Kong's high degree of autonomy."

On Wednesday, White House national security adviser John Bolton warned China to show restraint in its handling of the protests in Hong Kong.

"Something like 60% of the investment in mainland China goes through Hong Kong. Why? Because it has a judicial system that's trustworthy, based on the English model that we know in this country. The courts are thought to be impartial," Bolton told VOA Contributor Greta Van Susteren. "If Hong Kong loses that reputation because of a bad decision by the Chinese government, they'll have significant economic consequences in China this time, and I can tell you from what I've heard, just in the past few weeks, the mood in Congress is very volatile at this point, and a misstep by the Chinese government, I think, would cause an explosion on Capitol Hill."

He said China needs to learn from its past. "The Chinese have to look very carefully at the steps they take, because people in America remember Tiananmen Square," Bolton said. "They remember the picture of the man standing in front of the line of tanks, they remember the statue of Lady Liberty, they remember voices of the Chinese people asking for freedom and democracy, and they remember the repression of the Chinese government in 1989. It would be a big mistake to create a new memory like that in Hong Kong."

As protests have escalated in recent days, China's state-run media have showed videos of security forces gathering across the border in mainland China.

U.S. President Donald Trump said Tuesday on Twitter, "Our Intelligence has informed us that the Chinese Government is moving troops to the Border with Hong Kong. Everyone should be calm and safe!" 

In comments to reporters Tuesday, Trump, who last week took a hands-off stance on the protests, said the Hong Kong situation "is a very tough situation, very tough. We'll see what happens, but I'm sure it will work out." He expressed the hope that no one would get hurt and "for liberty."

There have been fierce clashes between demonstrators and police on Hong Kong's streets. Violence also erupted at the international airport late Tuesday as riot police clashed with pro-democracy demonstrators who had taken over the airport for two straight days.

"We condemn violence and urge all sides to exercise restraint, but remain staunch in our support for freedom of expression and freedom of peaceful assembly in Hong Kong," the State Department spokesperson said.

Hong Kong residents have been protesting over their perceived erosion of freedom and lack of autonomy under Chinese control of the territory. The protests present the biggest challenge to Chinese rule of the semi-autonomous territory since its 1997 handover from Britain.

Source : VOA

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POPULAR NEWS
Gold ends lower, suffers a weekly loss as bond yields rise

Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb. Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August. December gold on Comex lost $7.90, or 0.5%,...

U.S Stocks End Mostly Lower as Dow Extends Seven-Day Streak of Gains

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day. The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177. The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...

Hong Kong Shares End Week With Sharp Gains

Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week. The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69. Source : AFP

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month. The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.    On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking...

Oil logs a weekly loss amid worries about rise in supplies

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente. West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to settle at $54.85 a barrel on the New York Mercantile Exchange”for a roughly 3% weekly decline, according to Dow Jones Market Data, tracking the front-active contract. November Brent crude ...

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