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POPULAR NEWS
Tokyo Stocks Open Lower as Virus Worries Linger

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent or 14.46 points at 1,688.41. Source : AFP

Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.58/oz at 9:14am in Singapore. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan said...

Asian Shares Ease Off Three-Week Highs as Virus Fears Return

Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses. Trading is expected to be light as U.S. stocks and bond markets will be shut on Monday for a public holiday. MSCI™s broadest index of Asia-Pacific shares outside Japan dipped 0.1% to 555.50, easing further from last week™s top of 558.30, which was the...

UK to Allow Huawei in 5G Networks but Not in 'Core' Parts
Tuesday, 28 January 2020 23:50 WIB | GLOBAL |Global

Britain decided Tuesday  to give Huawei limited access to build parts of its new high-speed mobile network, in a setback for the U.S., which has been pushing allies to ban the Chinese company.    

The government said it is excluding œhigh risk companies from supplying the sensitive œcore parts of the new fifth-generation, or 5G, networks. But it will allow high risk suppliers to provide up to 35% of the less risky radio access network.   

The announcement did not mention any companies by name but said œhigh risk vendors are those who pose greater security and resilience risks to U.K. telecoms networks - a clear reference to Huawei.   

The United States claims that China's communist leaders could, under a 2017 national intelligence law, compel Huawei to carry out cyberespionage. Huawei denies that would be possible.   

The 5G infrastructure program is seen as being critical to Britain's economic future as the country leaves the European Union. But the decision is fraught, as the United States objects to allowing Huawei to provide vital infrastructure  and has threatened to cut off intelligence sharing with allies that do use Huawei.   

The British government said Tuesday after a meeting of its National Security Council that it is taking some steps that will allow it œto mitigate the potential risk posed by the supply chain and to combat the range of threats, whether cyber criminals, or state sponsored attacks.   

The decision is awkward for the government of British Prime Minister Boris Johnson, as he risks the fury of one of Britain's closest allies at just the moment it really needs Trump's administration to quickly strike a trade deal after Brexit. Britain is also loathe to insult China, which it likewise needs for future trade deals.

Source : VOA

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POPULAR NEWS
Tokyo Stocks Open Lower as Virus Worries Linger

Tokyo stocks opened lower on Monday due to worries over the global spread of the new coronavirus. The benchmark Nikkei 225 index was down 0.81 percent or 191.88 points at 23,495.71 in early trade, while the broader Topix index slipped 0.85 percent or 14.46 points at 1,688.41. Source : AFP

Gold Steadies as Countries Plan Stimulus Measures

Gold was little changed as investors weighed plans by countries hit by the coronavirus to shore up their economies amid differing assessments of the rate of infections. Spot gold little changed at $1,583.58/oz at 9:14am in Singapore. Price +0.9% last week. Bloomberg Dollar Spot Index steady. China, Hong Kong and Singapore are pledging extra stimulus to counter the outbreak™s impact on growth. While the head of a hospital in the city of Wuhan said...

Asian Shares Ease Off Three-Week Highs as Virus Fears Return

Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses. Trading is expected to be light as U.S. stocks and bond markets will be shut on Monday for a public holiday. MSCI™s broadest index of Asia-Pacific shares outside Japan dipped 0.1% to 555.50, easing further from last week™s top of 558.30, which was the...

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