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POPULAR NEWS
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow ends nearly 370 points higher as Nasdaq logs another record close

Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500 advanced around 33 points, or 1%, to end near 3,185. The tech heavy Nasdaq Composite rose nearly 70 points, or 0.7%, to end near 10,617, marking its third consecutive record close. Stocks shed premarket weakness after drug maker Gilead Sciences Inc....

Hong Kong Leader Says She Would Quit 'If I Had a Choice'
Tuesday, 3 September 2019 23:37 WIB | GLOBAL |Global

Embattled Hong Kong chief executive Carrie Lam said Tuesday she has no intention of stepping down in order to end the heated anti-government demonstrations that have shaken the city for three months, and rejected reports that China's leaders had stopped her from quitting, saying she wanted to solve the city's political quagmire herself.

Lam was responding to a Reuters news agency report about a voice recording in which she told a group of business leaders last week that she had caused "havoc" for introducing a controversial extradition bill that sparked the protests.  She told the group that she would apologize for actions and resign "if I have a choice."

But Lam told reporters Tuesday she "had not even contemplated" discussing her resignation with Chinese leaders. When asked if Beijing was stopping her from resigning, Lam said she has "never tendered a resignation to the central people's government." She said the release of the recording was "unacceptable."

Hong Kong residents said the recording only confirmed what political scientists and protesters have said: that despite Hong Kong's separate constitution, Beijing runs the city. Any end to the political crisis would come at Beijing™s behest.

Some have expressed concerns about a possible Chinese military intervention similar to its crackdown on the Tiananmen Square protests in 1989.

In the recording, Lam sought to assure business leaders that the Beijing government œhas absolutely no plan to send in the PLA or People™s Liberation Army."

Source : VOA

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POPULAR NEWS
Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow ends nearly 370 points higher as Nasdaq logs another record close

Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500 advanced around 33 points, or 1%, to end near 3,185. The tech heavy Nasdaq Composite rose nearly 70 points, or 0.7%, to end near 10,617, marking its third consecutive record close. Stocks shed premarket weakness after drug maker Gilead Sciences Inc....

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