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One of the people arrested at Columbia University this week was a middle-aged saxophonist who headed up to the campus from his Hell’s Kitchen apartment after learning about the protests on social media. A third had been active in other left-leaning protests across the city but also happened to work as a nanny nearby. She went to the university gates on Tuesday and linked arms with other protesters in an unsuccessful attempt to thwart the advancing officers, she said. After pro-Palestinian demonstrators occupied a building on Columbia’s campus this week, demanding that the university end all financial ties with Israel, the New York Police Department moved in and arrested more than 100 people there. Mayor Eric Adams and other city leaders have accused so-called outside agitators — professional organizers with no ties to the university — of hijacking a peaceful student protest and spurring its participants to adopt ever more aggressive tactics.
Persons: Eric Adams, Organizations: Columbia University, New York Police Department Locations: Israel
What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
The Harvey Weinstein Appeal Ruling, AnnotatedThe 2020 conviction of Harvey Weinstein on felony sex crime charges in Manhattan was overturned on Thursday by New York’s top court. The ruling by the New York Court of Appeals said the trial judge in Mr. Weinstein’s case, Justice James M. Burke, erred in letting prosecutors call some women as witnesses who said Mr. Weinstein had assaulted them, but whose accusations were not included as charges. The appeals court found that Mr. Weinstein, the disgraced Hollywood producer whose case ignited the #MeToo movement, had not received a fair trial. The New York Times is annotating the ruling. Download the original PDF.
Persons: Harvey Weinstein, James M, Burke, Weinstein, , Mr Organizations: New, Appeals, Hollywood, New York Times Locations: Manhattan, California
New York’s highest court on Thursday overturned the felony sex crimes conviction of the notorious Hollywood producer Harvey Weinstein, a staggering reversal of a bedrock case in the #MeToo era that prompted countless victims of sexual harassment and assault to come forward as accusers. In a bitterly contested 4-to-3 decision, the New York Court of Appeals found that the judge who had presided over Mr. Weinstein’s case deprived him of a fair trial in 2020 by allowing prosecutors to call witnesses who said Mr. Weinstein had assaulted them — but whose accusations were not the basis for any of the charges against him. Responding on Thursday, the Manhattan district attorney, Alvin L. Bragg, announced that he would seek to prosecute Mr. Weinstein again. “We will do everything in our power to retry this case, and remain steadfast in our commitment to survivors of sexual assault,” a spokeswoman for Mr. Bragg’s office said. The case was originally prosecuted by his predecessor, Cyrus R. Vance Jr.
Persons: Harvey Weinstein, Weinstein’s, Weinstein, Alvin L, Bragg, Mr, , , Cyrus R, Vance Jr Organizations: Hollywood, New, Appeals, Mr Locations: Manhattan
The scale of the fraud was said to be equivalent to roughly 3% of Vietnam’s economy. Though widely considered ceremonial, the presidency is one of the top three positions in Vietnam’s political hierarchy after the CPV’s Secretary General, currently Nguyen Phu Trong. In fact, the International Monetary Fund expects Vietnam’s economy to grow by 5.8% this year, compared to 4.6% for China. Their fate remains unclear, given the highly secretive nature of Vietnam’s political system. But Vietnamese political experts said a permanent appointment would not end the instability.
Persons: Truong My Lan, Van Thinh, siphoned, , Eric Chu, Vietnam’s, Vo Van, Trong, Thuong, Vo Van Thuong, Richard A, Brooks, Nguyen Xuan Phuc, Pham Binh, Le Hong Hiep, Yusof, ” Hiep, , Thu, General Trong, Xi Jinping, ” Zachary Abuza, Salt Bae, Lam, ” Abuza, Nguyen Phu Trong, Evelyn Hockstein, Abuza, Bui Thanh Soh, ” Soh, Vo, Xuan, Thuong’s, Le Hong Organizations: CNN, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, SCB, Express, Communist Party, Institute, Crisis Group, National War College, Vietnamese Communist Party, Public Security, Vietnam, International Monetary Fund, Companies, Apple, Intel, Vietnam's Communist Party General, Yusof, Brookings Institution, , Crisis Locations: Vietnam, Saigon, People’s, Ho Chi Minh City, Hong Kong, Duc, Singapore, Asia, China, Washington, , London, Turkish, Hanoi, Bangkok
CNBC Daily Open: Focus turns to key inflation data
  + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Photographer: Christopher Dilts/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Xi on China tech progressChinese President Xi Jinping told Dutch Prime Minister Mark Rutte that no force can stop China's tech advance. Separately, Xi also told U.S. executives that bilateral ties can have a "brighter future" and vowed to improve the business environment. The next few days could prove crucial in diverting trade away from the port, logistics executives told CNBC, after a container ship collided into the Francis Scott Key Bridge early Tuesday.
Persons: Christopher Dilts, Topix, Xi, Xi Jinping, Mark Rutte, Janet Yellen, Yellen, Francis Scott Key, David Neuhauser Organizations: Bloomberg, Getty, CNBC, Nikkei, U.S ., CSI, Dow, Nasdaq, Dutch, Xinhua News Agency, U.S, Treasury, Francis Scott Key Bridge, Livermore Partners Locations: Chicago , Illinois, Japan, Seng, China, Beijing, U.S, Baltimore, Port of Baltimore
CNBC Daily Open: Will the Fed not cut rates in 2024?
  + stars: | 2024-03-05 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
U.S. Federal Reserve Board Chair Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve in Washington, D.C., on Dec. 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia stock markets mixedAsia markets were mixed Tuesday as investors assesses China's GDP growth projections of "around 5%" for 2024. Gold sets new recordGold rose above $2,100 to the highest level ever as traders bet the Federal Reserve will start cutting interest rates in the second half of the year.
Persons: Jerome Powell, Freddie Lait, CNBC's, Ferrari Organizations: Federal, Federal Reserve, Washington , D.C, CNBC, CSI, Dow, Nasdaq, National People's, Ministry, Finance, Nikkei, Latitude Investment Management Locations: Washington ,, Asia, China
Japan’s Nikkei 225 index jumped above 40,000 for the first time on Monday, extending a historic rally that analysts say has just begun. The milestone comes just days after it had set a record closing high of 39,098.68, eclipsing its previous 1989 peak. Optimism regarding semiconductors boosted Taiwan’s stock market as well, with benchmark Taiex hitting an all-time high on Monday, led by Taiwan Semiconductor Manufacturing Company. Premier Li Qiang is set to announce China’s 2024 growth target on Tuesday and is also likely to unveil more stimulus measures to revive the sagging economy. Analysts widely expect the policymakers to set this year’s growth target at around 5%.
Persons: , Jefferies, , chipmaker, Kospi, Hong, Li Qiang, Stephen Innes Organizations: Hong Kong CNN —, Nikkei, Nasdaq, Taiwan Semiconductor Manufacturing Company, Nvidia, Investors, National People’s Congress, NPC, Communist Party’s Politburo Locations: Hong Kong, Japan, Beijing, Shanghai, China
European markets are heading for a higher open Wednesday, rallying after a shaky start to the trading week. Elsewhere, U.S. stock futures ticked lower on Tuesday evening as investors looked ahead to a key inflation report — the personal consumption expenditures reading for January — on Thursday. It is the Federal Reserve's preferred measure of inflation. Asia-Pacific stock markets were mostly lower overnight as New Zealand's central bank kept its interest rate steady, while Hong Kong's property index rallied after the city's budget announcement.
Persons: Locations: Asia, Pacific
European stocks looked set to open mixed Friday, shaking some positive momentum after the pan-European benchmark closed at a record high in the previous session. The Stoxx 600 index ended the session 0.82% higher at 495.1 Thursday, surpassing its previous record close of 494.35 on Jan. 5, 2022, LSEG data showed. Investors will digest earnings from Allianz, BASF and Standard Chartered on Friday, while fourth-quarter gross domestic product data is due from Germany. In Asia-Pacific, markets were mostly higher Friday, with China stocks rising for the ninth straight session as investors digested property prices data. The CSI 300 index was flat by midday trading after rising about 0.4% at the open, while Hong Kong's Hang Seng index dipped 0.2%.
Persons: Hong Organizations: Allianz, BASF, Standard Chartered, Nasdaq Locations: Germany, GfK, Asia, Pacific, China
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alibaba's overseas betChinese e-commerce giant Alibaba Group is placing its bets on overseas businesses as domestic growth remains weak. The company's latest earnings showed its international e-commerce business unit was a bright spot, with revenue up 44% from a year ago. [PRO] UBS picks 'hidden gems'Small-and medium-sized stocks are often overlooked but "have the charm of being hidden gems," according to UBS.
Persons: Hong Organizations: CNBC, People's Bank of China, CSI, Nasdaq, Dow Jones, Home Depot, Walmart, Alibaba, Citi, Discover Financial Services, UBS Locations: Chicago, China, Asia, U.S, Europe
Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell. The CSI 300 added 0.3% as trading resumed following the Lunar New Year holidays that saw consumer spending jump higher than pre-Covid levels, according to official data. Tourism stocks led the gains, jumping 2% shortly after the open. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassess when the U.S. Federal Reserve might start easing its monetary policy this year. China's central bank said it was holding the rate unchanged at 2.5% on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility.
Persons: Wang Yi, Antony Blinken Organizations: CSI, People's Bank of China, Sunday, U.S . Federal, China's, U.S Locations: China, Hong Kong, China's, United States, Beijing, Washington
CNBC Daily Open: Is progress on inflation stalling?
  + stars: | 2024-02-19 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China stocks riseAsia markets were mixed Monday as Chinese stocks climbed on the back of positive travel data, while Hong Kong stocks dropped. The CSI 300 gained as trading resumed after the Lunar New Year holidays and the Hang Seng index fell. [PRO] Bullish on equitiesMorgan Stanley has a positive outlook on equity markets despite some concerns over valuations.
Persons: Max, Morgan Stanley, Andrew Slimmon Organizations: CNBC, CSI, Dow, Nasdaq, U.S . Federal, Korean, Boeing, Airbus, Sony, PlayStation Locations: China, Asia, Hong Kong, U.S, Singapore
European markets are set to start the new trading week on a negative note, changing course after largely positive sentiment last week. In Asia-Pacific overnight, stock markets in China rose as traders returned from the Lunar New Year holidays on Monday to upbeat travel data, while Hong Kong stocks fell. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassessed when the U.S. Federal Reserve might start easing its monetary policy this year. U.S. markets are closed Monday for Presidents Day.
Organizations: People's Bank of China, Sunday, U.S . Federal Locations: Asia, Pacific, China, Hong Kong
TOKYO (AP) — Asian shares were mostly higher Wednesday, tracking gains on Wall Street, although Tokyo's benchmark slipped slightly. Those developments had pushed Chinese shares, including those in Hong Kong, sharply higher on Tuesday. The mostly small cap stocks traded in the southern Chinese market of Shenzhen were up 1.4%, and the CSI 1000, an index that tracks highly volatile “snowball derivatives" was up 4.2%. Wall Street drifted higher through a quiet Tuesday as the bond market calmed following some sharp swings. In the bond market, the yield on the 10-year Treasury relaxed following its slingshot ride higher in recent days.
Persons: Xi Jinping, Seng, Australia's, Korea's Kospi, Brent Organizations: TOKYO, Hong, CSI, Nikkei, Toyota Motor Corp, Dow Jones Industrial, Nasdaq, Federal, GE Healthcare Technologies, Palantir Technologies, FMC, CVS Health, Walt Disney Co, PepsiCo, Treasury, U.S Locations: U.S, Shanghai, Shenzhen, Hong Kong, Asia, Brazil
Chinese investors are worrying about November's presidential election, according to Goldman Sachs. Donald Trump has signaled he'd impose tariffs of more than 60% on Chinese imports if elected. Local investors are also fretting about China's faltering economy, Goldman Sachs found. AdvertisementChinese investors aren't just worried about China's faltering economy — they're also fretting about Donald Trump's potential return to the White House, according to Goldman Sachs. On Sunday, he told Fox News that he'd impose tariffs of more than 60% on Chinese goods.
Persons: Goldman Sachs, Donald Trump, , aren't, — they're, Donald Trump's, who's, Maggie Wei, Trump, they've, that's, Hong Organizations: Service, White, Republican, Trump, Fox News, Washington Post, CSI Locations: Beijing, China, Hong Kong, Washington
HONG KONG (AP) — Shares rose in most Asian markets Monday after Wall Street returned to record heights Friday, while Hong Kong’s benchmark dropped more than 2%, hovering near a 15-month low. Tokyo’s Nikkei 225 index gained 1.2% to 36,376.50. Wall Street's run-up was driven in part by hopes for rate cuts as U.S. inflation remained tame. Treasury yields have already relaxed significantly on expectations for rate cuts, and that helped the stock market’s rally accelerate sharply in November. The Fed itself has hinted that rate cuts are coming, though some officials have indicated they may begin later than the market is hoping for.
Persons: Australia’s, that’s, Brent Organizations: Wall, Hong, Nikkei, Bank of Japan, People’s Bank of China, Dow Jones, Nasdaq, Taiwan Semiconductor Manufacturing Co, Broadcom, Texas Instruments, U.S Locations: HONG KONG, U.S, Hong Kong, Shanghai, South Korea, Bangkok, Taiwan
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street's other two main indexes also dropped as better-than-expected retail sales data helped lift Treasury yields. Strong retail salesU.S. retail sales came in higher than expected for the last month of 2023 in a sign that holiday shopping picked up. Singapore minister face corruption chargesSingapore Transport Minister S Iswaran resigned as he faces corruption charges, the first for a cabinet minister in the island country.
Persons: Dow, Wall, Dow Jones, Jamie Dimon, Dimon, Donald Trump's, S Iswaran Organizations: New York Stock Exchange, CNBC, Dow, Davos JPMorgan Chase, Economic, Citi, Nvidia Locations: New York City, Asia, China, Hong Kong, Davos, Switzerland, U.S, Singapore
Hong Kong CNN —China’s economy grew by about 5.2% in 2023, slightly better than the official target Beijing had set, Premier Li Qiang said Tuesday at the World Economic Forum’s annual meeting in Davos, Switzerland. “In the past year of 2023, China’s economy has generally rebounded and improved,” the country’s second highest official told the meeting of global business and political leaders. While this expansion would mark a significant pick-up over 2022, when China’s economy grew by just 3%, it is still one of the country’s economic worst performances in over three decades. “Even if there are twists and turns in China’s economic operation, its overall long-term positive trend will not change,” said Li. The premier is the most senior Chinese leader to attend the Davos forum in person since President Xi Jinping in 2017.
Persons: Li Qiang, Hong, Seng, , Li, Xi Jinping, Viola Amherd, Joe Biden, BRENDAN SMIALOWSKI, Xi Organizations: Hong Kong CNN, Beijing, Swiss, Economic Cooperation, APEC, Getty Locations: Hong Kong, Davos, Switzerland, , China, Beijing, Asia, Woodside , California, AFP, United States
[1/2] A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People's Bank of China, China's central bank, in central Beijing November 24, 2014. "The outlook change also reflects the increased risks related to structurally and persistently lower medium-term economic growth and the ongoing downsizing of the property sector," Moody's said. "Moody's concerns about China's economic growth prospects, fiscal sustainability and other aspects are unnecessary," the ministry said. STRUGGLING FOR TRACTIONMost analysts believe China's growth is on track to hit the government's target of around 5% this year, but that compares with a COVID-weakened 2022 and activity is highly uneven. Analysts widely agree that China's growth is downshifting from breakneck expansion in the past few decades.
Persons: Kim Kyung, Moody's, Ken Cheung, Pan Gongsheng, COVID, Goldman Sachs, Gnaneshwar Rajan, Kevin Yao, Tom Hogue, Kim Coghill Organizations: People's Bank of China, REUTERS, Mizuho Bank, Economic Work Conference, Fitch, China's Finance Ministry, International Monetary Fund, Thomson Locations: Beijing, Hong Kong, China, outflows, Bengaluru
This was also the ninth month of net outflows this year, the bank said, dragging emerging Asia to become the region with the largest net outflows across the world. U.S.-listed Chinese stocks and mainland A-shares led the selloff in November, Goldman Sachs said, adding it was "partially offset by net buying in H-shares." Within emerging Asia markets, Taiwan also recorded net outflows last month, while South Korea saw the largest net inflows, Goldman Sachs said. Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan, which saw net purchases in the month. ($1 = 7.1381 Chinese yuan renminbi)Reporting by Summer Zhen; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Tyrone Siu, Goldman Sachs, HSI, Joe Biden, Xi Jinping's, Outflows, Summer Zhen, Varun Organizations: REUTERS, CSI, Investors, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, U.S, Taiwan, South Korea, Singapore, Japan
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Clearer brand messagingNew Gap CEO Richard Dickson said the apparel firm's products had got "lost in the message" in its discount-heavy online communication. [PRO] Top holiday pickThe Dow is nearing a major milestone — and certain members may lead the blue-chip average over the finish line. CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts.
Persons: Korea's Kospi, Hong, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Josh Kushner's, Richard Dickson, Dickson, Dow Organizations: CNBC, Nikkei, underperform, Dow Jones Industrial, Disney, Marvel, Sky, Peltz, CNBC Pro, Dow, Wall Street Locations: Asia, Pacific, underperform Asia
Singapore, Zurich world's most expensive cities - EIU
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: +1 min
HONG KONG, Nov 30 (Reuters) - Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. Singapore regained the top of the rankings for the ninth time in the past eleven years due to high price levels across several categories. The city state has the world's highest transport prices, owing to strict government controls on car numbers. Zurich's rise reflected the strength of the Swiss franc and high prices for groceries, household goods and recreation, it said. Geneva and New York tied for third place, while Hong Kong was fifth and Los Angeles in sixth.
Persons: Hong Kong, Farah Master, Christopher Cushing Organizations: Economist Intelligence Unit, Singapore, Swiss, New York, Los Angeles, Thomson Locations: HONG KONG, Singapore, Zurich, Geneva , New York, Hong Kong, Geneva, New, Hong, Asia, Nanjing, Wuxi, Dalian, Beijing, Osaka, Tokyo, Japan
Those on trial say that plan was simply part of the pluralistic, oppositional politics that has long been permitted in Hong Kong. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. They hail from multiple generations and a wide political spectrum - from moderate democrats to those who advocate for Hong Kong’s self-determination. Known as “Grandma Wong,” the 67-year-old had been a fixture of Hong Kong’s pro-democracy protests. No national security cases in the city have been heard in front of a jury.
Persons: Hong, , Joshua Wong, Benny Tai, Claudia Mo, Alexandra Wong, Grandma Wong, Hong Kong’s, ” Alexandra Wong, Noemi Cassanelli, Gwyneth Ho, Leung Kwok, ISAAC LAWRENCE, John Lee, ” Lee, , Organizations: Hong Kong CNN, Prosecutors, Hong, Kowloon Court, CNN, Getty, Communist Party, city’s, Hong Kong’s Legislative Locations: Hong Kong, Beijing, Hong, Kowloon, Britain, China, AFP, Hong Kong’s
"But I think it's not just this week's inflation indicator, it's also the December payroll numbers ... they'll be quite critical." "Our view is that the Fed will probably start cutting rates when inflation goes below the 3% mark. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.07, its lowest since Aug. 31. Data showed retail sales in Australia unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month.
Persons: DAX, Vasu Menon, they'll, Menon, Dave Ramsden, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes, Kim Coghill Organizations: Federal, Investors, OCBC Bank, of England, European Central Bank, Japan's Nikkei, Treasury, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Singapore, U.S, Hong Kong, Australia
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