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Dollar edges lower ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El GhanyThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Mohamed Abd El Ghany, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, Cairo, Egypt, New, Asia, U.S, Mexico
A broader dollar retreat and a bipartisan U.S. Senate deal on infrastructure spending also boosted emerging assets, with the Thai baht strengthening from a 13-month low hit on Thursday. The country has also approved the emergency use of the COVID-19 vaccine developed by Indian vaccine developer Bharat Biotech, and will receive a million doses of AstraZeneca Plc's COVID-19 vaccine from Japan. The baht had skidded lower after Thailand's central bank on Wednesday downgraded annual growth forecasts and pledged an accommodative policy stance Political uncertainty is also weighing. Hundreds of pro-democracy protesters took to the streets on Thursday, calling for the prime minister to resign. Jakarta stocks rose nearly 1% to snap two sessions of losses, while Malaysian shares registered their best session in a week.
Persons: Soumyajit Saha, Ruben Carlo O, AstraZeneca Plc's, South Korea's, Joe Biden, Rashmi Aich Organizations: Senate, ng Pilipinas, The Union Bank of, Bharat Biotech, AstraZeneca, AstraZeneca Plc's COVID, South, Malaysian Locations: Malaysia, U.S, Manila, Asuncion, Philippines, Japan, Asia, Jakarta, China, India, Indonesia, Singapore, Taiwan, Thailand, Bengaluru
TEL AVIV — Scientists say they have discovered a new kind of early human after studying pieces of fossilized bone dug up at a site used by a cement plant in central Israel. "It enables us to make new sense of previously found human fossils, add another piece to the puzzle of human evolution, and understand the migrations of humans in the old world." The study said the Nesher Ramla resembled pre-Neanderthal groups in Europe. What they did match, May said, were a small number of enigmatic human fossils found elsewhere in Israel, dating back even earlier, that anthropologists had never been able to place. The Nesher Ramla fossils “look like something on a lineage heading toward Neanderthal," said Eric Delson, a paleoanthropologist at Lehman College in New York who was not involved in the study.
Persons: , AMMAR AWAD, Israel, Yossi Zaidner, Dan David Center, May, Rachel Sarig, Sheela Athreya, M University paleoanthropologist, Eric Delson Organizations: TEL AVIV — Scientists, Tel Aviv University, Hebrew University of Jerusalem, NBC, Hebrew University, Dan, Shmunis Institute of Tel Aviv University . Experts, M University, Lehman College Locations: TEL AVIV, Israel, Ramla, Tel Aviv, Europe, Africa, Asia, Texas, North Africa, New York
Take Five: The missing piece in the Fed puzzle
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +4 min
Adding perky jobs data to the mix could change that picture, markets fear. Analysts expect the economy to add 600,000 jobs in June - the largest monthly gain in three months – up from a gain of 559,000 jobs in May. The U.S. Fed has shifted to a hawkish bias. Some mid-cap deals pulled stock market debuts recently: Marex Spectron in London, PHE Holdings in Paris and Primafrio in Madrid. But Nordgold aborting its debut might be the first casualty of expected central bank tightening as the hawkish Fed pushed gold 6% lower.
Persons: Jerome Powell, Philip Lane, Wise, Tom Westbrook, Dhara, Abhinav Ramnarayan, Marc Jones, Saqib Ahmed, Karin Strohecker, Toby Chopra Organizations: Federal Reserve, U.S, Fed, ECB, PHE Holdings, Bankers, CHINA BULLS, Thomson Locations: U.S, United States, Europe, Asia, London, Paris, Primafrio, Madrid, China, Singapore, New York
Thermal-Coal Prices Hit Decade High Amid Gas Shortage
  + stars: | 2021-06-25 | by ( Joe Wallace | ) sentiment -0.98   time to read: +1 min
Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Coal delivered into northwest Europe earlier this month hit its highest price since November 2011, having climbed 64% in 2021. Prices for coal exported from Newcastle in Australia, most of which heads to Asia, have risen 56%, according to Argus Media. But analysts say spurts of demand, coupled with a dearth of investment in new supplies, could lead to spells of higher prices.
Organizations: Argus Media, International Energy Agency Locations: China, Colombia, Indonesia, Australia, Europe, Newcastle, Asia
FOREX-Dollar dips, but with a wary eye on U.S. inflation data
  + stars: | 2021-06-25 | by ( Tom Westbrook | ) + 0.00   time to read: +3 min
The risk-sensitive Antipodean currencies rose very slightly, while the euro gained 0.1% to $1.1940 and the yen rose by about the same margin to 110.80 per dollar. “The dollar can jump if inflation surprises to the upside,” said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. “Upside inflation surprises have been the trend in the U.S. recently,” he added. The Australian dollar rose 0.1% to $0.7591. Bank of England policymakers even warned against “premature tightening” and the pound was the worst performing G10 currency on Thursday.
Persons: , Joe Capurso, John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: Federal Reserve, Commonwealth Bank of Australia, U.S ., Reuters, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: 2RBWI5E SINGAPORE, Asia, Sydney, U.S, New, Mexico
BENGALURU, June 25 (Reuters) - Indian shares were largely unchanged on Friday, as a fall in Reliance Industries was offset by gains in financial stocks, although the indexes were on track to rise about 0.6% each for the week. By 0455 GMT, the blue-chip NSE Nifty 50 index was flat at 15,790.65 while the benchmark S&P BSE Sensex was down 0.05% at 52,672.32. Nomura said in a research note on Thursday the country’s vaccination rate “skyrocketed” this week, averaging six million doses per day. The Nifty Bank index added 0.60% and was on track for its second straight session of gains. Private-sector lender ICICI Bank and top lender by assets State Bank of India were among the biggest boosts to the Nifty 50.
Persons: Nomura, , Amit Shah, Mukesh Ambani, Yasir Al, Rumayyan, Ashok Leyland, Anuron Kumar Mitra Organizations: Reliance Industries, BSE, BNP Paribas, Investors, Saudi Aramco, ICICI Bank, State Bank of Locations: BENGALURU, India, Asia, Mumbai, State Bank of India, Bengaluru
The Thai baht strengthened slightly after hitting 13-month lows this week after the central bank downgraded its annual growth forecasts. But the baht was still on track to shed more than 1% for the second consecutive week, while Thai stocks rose marginally after six straight sessions of losses. Elsewhere in Asia, stocks rose in Indonesia and Manila, tracking U.S. indexes which hit record highs overnight after President Joe Biden embraced a bipartisan Senate infrastructure deal. Taiwan stocks rose over 1% to their highest in more than a month, while the Taiwan dollar also strengthened to register its best session in two weeks. The won was set for a modest weekly gain after weakening nearly 2% last week.
Persons: Soumyajit Saha, Phillip, Joe Biden, South Korea's, Ana Nicolaci da Organizations: Taiwan, ng Pilipinas, ING, U.S . Federal, Phillip Securities, South Locations: Philippine, Thailand, Asia, Indonesia, Manila, Taiwan, Japan, China, India, Malaysia, Philippines, Singapore, Bengaluru, Ana Nicolaci da Costa
Dollar dips ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Thomas White, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, New, Asia, U.S, Mexico
That's how Los Angeles Times owner Patrick Soon-Shiong summed up the "cultural vision" that he shares with his new editor Kevin Merida. And compete for people who would not have thought about the LA Times before." The biotech billionaire acquired the LA Times three years ago. The WSJ reported in February that he was "exploring a sale of the Los Angeles Times." Who is the LA Times for?
Persons: Patrick Soon, Shiong, Kevin Merida, hasn't, Merida, I've, HBO Max Organizations: CNN, Los Angeles Times, Times, American, LA Times, Netflix, Google, Facebook, Big Tech, HBO Locations: Merida, California, Asia, Mexico, Canada
Hong Kong's Hang Seng index jumps 1% as Asia-Pacific stocks rise
  + stars: | 2021-06-25 | by ( Eustance Huang | ) sentiment -0.82   time to read: +1 min
SINGAPORE — Asia-Pacific stocks jumped in Friday trade after the S&P 500 rose to a record closing high overnight stateside. Hong Kong's Hang Seng index led gains among the region's major markets, jumping 1.14% by the afternoon. The broader Hang Seng Tech index gained 2.21%. XPeng launches Hong Kong offeringChinese electric vehicle maker XPeng on Friday announced the launch of its Hong Kong public offering. S&P 500 record closeOvernight on Wall Street, the S&P 500 gained 0.58% to a new record closing high of 4,266.49.
Persons: Alibaba, XPeng, Joe Biden Organizations: Seng, Nikkei, Hong Kong, Friday, CNBC, HK, Dow Jones Industrial, Nasdaq, U.S, White Locations: SINGAPORE — Asia, Pacific, Shanghai, Shenzhen, Australia, Asia, Japan, Hong, U.S, Hong Kong
Big Oil's rise in climate lawsuits draws parallels to Big Tobacco
  + stars: | 2021-06-25 | by ( Sam Meredith | ) + 0.00   time to read: +7 min
The prospect of a rising tide of climate litigation cases against heavy emitting businesses comes shortly after a landmark courtroom defeat for Royal Dutch Shell. INA FASSBENDER | AFP | Getty ImagesSince the turn of the century, more than 2,000 climate litigation cases were found to have been filed in a trend that is widely expected to have global implications for carbon-intensive companies. Nonetheless, it is the Dutch court ruling against Shell that is thought to have emboldened climate activists into taking on corporates directly. EcocideThe risks of a surging number of climate litigation cases for businesses include a changing regulatory environment, significant reputational damage and the expanding nature of the cases being brought. Among the new arenas of climate litigation risk, analysts say, are fraud and consumer protection liabilities, planning and permitting laws and environmental performance.
Persons: Shell, Peter Boer, Elizabeth Hypes, Verisk Maplecroft, Verisk Maplesoft, Franca Wolf, Maplecroft, Wolf, that's, Hypes, LOGAN CYRUS, Norway's, MUNIR UZ ZAMAN Organizations: Royal Dutch Shell Plc, Bloomberg, Getty, Royal, Shell, CNBC, INA, AFP, EU, U.S, Gas, Exxon, of Human Locations: The Hague, Netherlands, Hague, Paris, Weisweiler, Germany, U.S, Argentina, South Africa, India, Europe, Central Asia, Charlotte , North Carolina, Caribbean, corporates, Dhaka
Dollar firm as traders brace for U.S. inflation data
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +3 min
The U.S. dollar held near multi-month highs on Friday as investors warily awaited U.S. inflation data, while the pound nursed modest losses after Bank of England (BoE) policymakers leaned away from flagging rate rises. "The dollar can jump if inflation surprises to the upside," said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. The stronger dollar has kept other majors in check through the week, even against currencies where rate rises are likely to land sooner than in the United States. With risk appetite looking resilient, any narrowing in this gap probably depends on how far the (Fed)-inspired U.S. dollar recovery can extend." In emerging markets, the Mexican peso surged to a two-week high following a surprise benchmark interest rate hike.
Persons: warily, BoE, Jerome Powell, Joe Capurso, Sean Callow, Sterling, Tapas Strickland Organizations: U.S, Bank of England, U.S . Federal Reserve, Reuters, Commonwealth Bank of Australia, U.S ., New Zealand, Westpac, National Australia Bank Locations: Asia, Sydney, U.S, United States, Australia
China listing frenzy in U.S. set to be boosted by Didi IPO
  + stars: | 2021-06-25 | by ( Scott Murdoch | ) + 0.00   time to read: +4 min
A woman rides a Didi shared bicycle past the headquarters of Didi Chuxing in Beijing, China November 20, 2020. The rush of listings happened despite continued political tension between the two countries under President Joe Biden, and the looming threat of U.S. kicking out Chinese companies if they fail to meet auditing standards. The biggest Chinese listing in the United States so far this year was Full Truck Alliance (YMM.N), sometimes referred to as "Uber for trucks", which raised $1.6 billion earlier this week. Technology deals accounted for 24% of Asia IPOs in the first half and prospect of more emerging in the second half remains strong, according to Refinitiv data. Reporting by Scott Murdoch in Hong Kong; Editing by Sumeet ChatterjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Didi, Didi Chuxing, Florence, Didi Chuxing's, Joe Biden, Ivy Wong, Baker, Biden, Donald Trump, Uber, Alibaba, dealmakers, Alex Abagian, Morgan Stanley, Peter Cheng, Scott Murdoch, Sumeet Chatterjee Organizations: REUTERS, New, Holding Foreign Companies, Technology, Asia Pacific, Deacons, Thomson Locations: Beijing, China, HONG KONG, New York, United States, ASIA, Asia, Asia Pacific, Japan, Hong Kong
REUTERS/Kim Kyung-HoonSHANGHAI, June 25 (Reuters) - Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. read moreIn morning trade, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed 0.58%. Chinese blue-chips (.CSI300) rose 0.43%, Hong Kong's Hang Seng (.HSI) added 0.61%, Seoul's Kospi (.KS11) was up 0.79% and Australian shares (.AXJO) climbed 0.22%. Overnight, the S&P 500 (.SPX) gained 0.58% and the Nasdaq Composite (.IXIC) added 0.69%, lifting both indexes to record high closes. Benchmark 10-year U.S. Treasuries , which saw yields dip after Biden's announcement of an infrastructure bill were last at 1.497%, up from a close of 1.487% on Thursday.
Persons: Kim Kyung, Hoon, Joe Biden, Kerry Craig, Biden, Craig, Seoul's, Christopher Wood, Andrew Galbraith, Tom Westbrook, Ana Nicolaci da Organizations: Nikkei, REUTERS, Nasdaq, Investors, Morgan Asset Management, U.S, Japan's Nikkei, U.S . Federal Reserve, Jefferies, Dow Jones, drawdowns, U.S . West Texas, Brent, Thomson Locations: Tokyo, Japan, Hoon SHANGHAI, U.S, Asia, Pacific, mull, Singapore, Ana Nicolaci da Costa
A growing population in Asia and booming consumerism in industrialised nations make most climate targets very difficult, if not impossible to achieve. read moreThe International Energy Agency, the steward of energy policies in industrialised nations, last month said the world should not develop new oil and gas fields to achieve net zero targets by 2050. But its head Fatih Birol said this week net zero targets were a pipe dream without global consumption patterns changing. So many governments are coming with net zero targets by 2050 and the same year CO2 emissions are growing and it will be the second largest increase in history". [ID:]Birol said the IEA has over 400 milestones of what needs to happen to achieve net zero targets by 2050 and 95% of those milestones should be driven by changes demand not supply.
Persons: Toby Melville, Fatih Birol, Birol, Joe Biden, Biden, Kelly Sims Gallagher, Sims Gallagher, incentivize, Rodolfo Lacy, Bernard Looney, Laila Kearney, Rod Nickel, Ron Bousso, Dmitry Zhdannikov, Richard Valdmanis Organizations: Heathrow Airport, REUTERS, Reuters Energy, International Energy Agency, Monetary Fund, U.S, The Fletcher, Reuters, Organisation for Economic Co, ENI, Energy, Thomson Locations: London, Britain, Asia, coronavirus, France, United States, China, Europe, New York, WINNIPEG , Manitoba
Hong Kong Editor's note: CNN has launched the Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country's rise and how it impacts the world. People line up to buy the final edition of Apple Daily at a newsstand in the Central district of Hong Kong on Thursday. For the party, the central mission of the media is not to hold the powerful accountable, but ensure those in power hold on to it. The country has an outsized role in the global solar power industry, producing much of the world's capacity for various components needed to create the panels. Solar power, meanwhile, is central to US President Joe Biden's plans to move the country to greener energy.
Persons: Hong Kong, Xi Jinping, Hongkongers —, Mao Zedong —, Xi, , Biden, Joe Biden's, Jill Disis Organizations: CNN, Communist Party, Hong Kong's, Apple Daily, National Security, Apple, Beijing, It's Party, Wuhan, China Washington, Industry Locations: Hong Kong, China, Hong, Beijing, Central, Wuhan, Covid, Xinjiang, Washington, Asia
European shares set to inch higher as investors monitor recovery, tapering fears
  + stars: | 2021-06-25 | by ( Elliot Smith | ) sentiment -0.90   time to read: +1 min
European stocks are set to open slightly higher on Friday, tracking global sentiment as investors place faith in the prospect of a steady economic rebound. Britain's FTSE 100 is seen around 9 points higher at 7,119, Germany's DAX is set to climb around 24 points to 15,613 and France's CAC 40 is expected to add around 10 points to 6,641, according to IG data. Shares in Asia-Pacific broadly advanced during Friday's trade, led by Hong Kong's Hang Seng index, while U.S. stock futures are pointing to a higher open on Wall Street later in the day. Investors will be watching for a key U.S. inflation indicator on Friday when the Commerce Department releases the core personal consumption expenditures index. Economists polled by Dow Jones expect prices to have risen by 3.4% in May from a year earlier.
Persons: Germany's DAX, Hong Kong's, Dow Jones Organizations: CAC, Commerce Department Locations: Asia, Pacific, U.S
Japan to give 6 mln doses of vaccines to Taiwan, 5 SE Asia nations
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +2 min
A medical worker receives a dose of the vaccine against the coronavirus disease (COVID-19) at the Tokyo Metropolitan Cancer and Infectious Diseases Center Komagome Hospital in Tokyo, Japan March 5, 2021. read moreJapan donated 1.24 million doses to Taiwan and 1 million to Vietnam this month and plans to share an additional 1 million doses each with the two. A Taipei-based official familiar with Japan's two vaccine donations said while the Japanese government has been subtle in its offers, mainly focusing on Taiwan's urgent medical need, there was a broader message. The island, which China claims as its own territory, also received 2.5 million vaccine doses from the United States this month. Its foreign minister, Toshimitsu Motegi, said on Friday Japan would start to supply 11 million doses in total to regions including Southeast Asia, Southwest Asia and the Pacific islands through the COVAX from mid-July.
Persons: Yoshikazu, Toshimitsu Motegi, Nobuhiro Kubo, Elaine Lies, Jacqueline Wong Organizations: Tokyo Metropolitan Cancer, Infectious Diseases, Komagome Hospital, REUTERS, AstraZeneca Plc's, World Health Organization, Japan, AstraZeneca, Thomson Locations: Tokyo, Japan, REUTERS TOKYO, Taiwan, Vietnam, Thailand, Malaysia, Indonesia, Philippines, Asia, Gavi, COVAX, Taipei, China, Beijing, United States, Southeast Asia, Southwest Asia
That’s actually what we have right now with the U.S. — I mean, our objectives in Afghanistan are exactly the same today. Bayoumy: Speaking of Afghanistan, Pakistan has played a big role in the intra-Afghan peace talks. How worried are you about a civil war in Afghanistan, and are you using your leverage with the Taliban to try and get these peace talks toward a deal? Khan: Well, firstly, Pakistan has used the maximum leverage it could on the Taliban. Basically, Pakistan was the country that had recognized Taliban, one of three countries after 1996.
Persons: Jyoti Thottam, You’ve Organizations: ., U.S Locations: Pakistan, Afghanistan, U.S, India, China, Central Asia, Iran, United States
U.S. stocks upbeat on infrastructure deal, oil dips
  + stars: | 2021-06-25 | by ( Carolyn Cohn | ) + 0.00   time to read: +5 min
The plan is valued at $1.2 trillion over eight years, $579 billion of which is new spending. European stocks (.STOXX) were steady on the day and up 1% on the week, after also hitting record peaks earlier this month. Benchmark 10-year U.S. Treasuries , which saw yields dip after the infrastructure bill announcement, were last at 1.4901%, up from a close of 1.487% on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1%, and Chinese blue chips (.CSI300) rallied 1.63%. Spot gold was up 0.39% at $1,782.58 an ounce, on track for its first weekly rise in four.
Persons: Lucas Jackson, Joe Biden, Biden, Sebastien Galy, Germany's DAX, Eddie Cheng, Bonds, Cheng, Drew Horter, BofA, Michael Hartnett, Sterling, Ritvik Carvalho, Andrew Galbraith, Tom Westbrook, Ana Nicolaci da Costa, Kim Coghill, Timothy Heritage Organizations: New York Stock Exchange, REUTERS, U.S, Nordea Asset Management, Nasdaq, Wells Fargo Asset Management, . West Texas, Brent, Federal Reserve, Tactical Fund, Bank of England, Thomson Locations: New York, U.S, Wells Fargo, Cincinnati, Asia, Pacific, Japan, London, Shanghai, Singapore
More funds approved for COVAX vaccines, tighter access planned - statement
  + stars: | 2021-06-25 | by ( ) sentiment -0.99   time to read: +2 min
Workers offload the AstraZeneca/Oxford vaccines under the COVAX scheme against coronavirus disease (COVID-19) at the Aden Abdulle Osman Airport in Mogadishu, Somalia March 15, 2021. The total funds available to cover the cost of delivering the vaccines will rise to $925 million, GAVI said in a statement issued after a two-day board meeting. GAVI's board also set new terms for accessing vaccines, which will disincentivise middle-income nations from participating by insisting they pay for COVAX vaccines fully in advance next year. "Starting in 2022, the model will enable self-financing participants that rely on the facility to access doses to continue procuring vaccines through COVAX under revised terms and conditions," it said. However, the poorest countries, mostly in Africa and Southeast Asia, will keep the same conditions, with little or no costs to buy vaccines.
Persons: Omar GENEVA, GAVI, Stephanie Nebehay, Emma Farge Organizations: AstraZeneca, Oxford, REUTERS, World Health Organization, Reuters, Thomson Locations: Aden Abdulle Osman, Mogadishu, Somalia, India, Latin America, South Africa, Africa, Southeast Asia
HONG KONG — The end for Hong Kong’s last pro-democracy newspaper came slowly, then all at once. A 27-year-old lawyer who requested anonymity out of fear of retribution told NBC News that Apple Daily was a “staple newspaper” in her household growing up. “But at some point, buying an Apple Daily became more than just picking up your daily paper,” she said, as she stood in line until 4 a.m. on Argyle Street in Hong Kong’s bustling center. But as Beijing tightened its grip after massive monthslong protests in 2019, it settled on Apple Daily as a target. “Everybody is upset because Apple Daily represents the vibrant civil society that once existed in Hong Kong,” Kwong said.
Persons: Hong, Hong Kongers, Daniel Suen, , Vincent Yu, Jimmy Lai, ” Chan, Carrie Lam, Anthony Wallace, Yamini Mishra, Benedict Rogers, , Rogers, Tsui, ” Tsui, it's, Chan, , Kwong, ” Kwong Organizations: Hong Kong’s, Apple Daily, Getty, Hong, NBC News, Apple, Argyle, AP, Police, Communist Party, Global Times, Amnesty, Hong Kong Watch, Chinese Communist Party, Chinese University of Hong Kong’s School of Journalism, Communication Locations: HONG KONG, Beijing, AFP, Hong, , China, Hong Kong, Europe, Asia, Pacific, Hamburg, Germany
Electric-vehicle maker Xpeng to list on Hong Kong Stock Exchange
  + stars: | 2021-06-24 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
REUTERS/Aly Song(Reuters) -Chinese electric-vehicle maker XPeng Inc said on Thursday it is looking to list its common shares on the Hong Kong Stock Exchange as part of a global offering. After the proposed listing, Xpeng’s Class A ordinary shares in Hong Kong will be convertible with its American depositary shares (ADS) that are currently listed on the New York Stock Exchange. The Hong Kong float of 4.25 million shares, to be priced at not more than HK$18 apiece, forms a part of the company’s global offering of 85 million shares, Xpeng said. Investors in the global offering will not be able to take delivery of ADSs listed on the NYSE, the company said. Xpeng will be listed on the Hong Kong Stock Exchange under the stock code “9868”.
Persons: Aly Song, Xpeng, J.P, Merrill Lynch Organizations: Auto Shanghai, REUTERS, XPeng, Hong Kong Stock Exchange, American, New York Stock Exchange, HK, Investors, NYSE, Morgan Securities, Asia Pacific Locations: Shanghai, China, Hong Kong, Asia
Benigno Aquino III, the son of pro-democracy icons who helped topple Philippines dictator Ferdinand Marcos, died Thursday, a cousin and public officials said. On behalf of the U.S. Embassy, I offer our deepest condolences to former President Benigno Aquino III’s family and loved ones at this heartbreaking time. We are saddened by President Aquino’s passing and will always be thankful for our partnership. His father, former Sen. Benigno Aquino Jr., was assassinated in 1983 while under military custody at the Manila international airport, which now bears his name. Philippines' President Benigno Aquino smiling upon his arrival at Wattay airport to attend the ninth Asia-Europe summit in Vientiane, on Nov. 4, 2012.
Persons: Benigno Aquino III, Ferdinand Marcos, Former Sen, Bam Aquino, , , Rogelio Singson, Aquino, Rodrigo Duterte's, Aquino’s, John Law, Harry Roque, Sen, Imee Marcos, Benigno Aquino III’s, — Chargé, Benigno Aquino Jr, Corazon Aquino, Marcos, Benigno Aquino, Hoang Dinh Nam, Gloria Macapagal Arroyo, Haiyan, Singson Organizations: Former, Catholic, , U.S . Embassy, Getty, Senate, NBC, Public Locations: Philippines, Philippine, U.S, ” U.S, Manila, Asia, Europe, Vientiane, AFP, Moro Islamic, Hong Kong
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