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A Bay Area couple who tied their Christmas tree to the roof of their car had it stolen on Friday. Security footage shows a person casually cutting the ropes and loading the tree into their own car. The couple was eventually given another Christmas tree by a local business, KGO-TV reported. The San Mateo Police Department told KGO-TV that the Christmas tree case was "unique" and that the theft suspect hadn't been identified yet. AdvertisementPolice added that a local Christmas tree lot gave Jesus and his wife a new tree.
Persons: , Jesus, Dion Lim, Scrooge isn't, Lim, hadn't Organizations: Area, KGO, Service, ABC, NBC, NBC Bay Area, San Mateo Police Department, Police Locations: San Mateo, NBC Bay
(Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Most Asia-Pacific markets were set to fall ahead of a slew of economic data from across the region. South Korea's overall inflation rate in November fell to 3.3%, compared with 3.7% expected by a Reuters poll. The inflation rate for Japan's capital, Tokyo, came in at 2.6%, down from the 3.3% in October. Tokyo's inflation figures are widely considered to be a leading indicator of national trends. Caixin and S&P Global will also release China's service purchasing managers' index today, while private PMI readings will also be out from Hong Kong and India.
Persons: Ed JONES, ED JONES Organizations: Getty, P Global Locations: Seoul, AFP, Asia, Pacific, South, Tokyo, Hong Kong, India
NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 2023. The firm was originally scheduled to face a Hong Kong court hearing on Monday over a petition from a creditor seeking to wind up the company. Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm's court hearing over its possible liquidation was postponed to Jan. 29, 2024. Top Shine, an investor in Evergrande unit Fangchebao, had filed a petition in June 2022 seeking to wind up the property firm. The agency, however, reported that creditors were unlikely to accept Evergrande's new proposal, given low recovery prospects and growing concerns about its future.
Persons: Linda Chan Organizations: Getty, Hong, Bloomberg, Reuters, Hong Kong, Evergrande, New Energy Vehicle Group Locations: NANJING, CHINA, Evergrande, Nanjing, East China's Jiangsu, Hong Kong, Hong Kong's
Asia-Pacific markets were set to start the final month of this year on a stronger note, with investors awaiting a slew of key economic data Tuesday and inflation readings later this week. Inflation reading for Tokyo will be released Tuesday, which is widely seen as a leading indicator for nationwide trends. South Korea inflation numbers will also be out the same day. The Reserve Bank of Australia will hold its final meeting for the year tomorrow, with economists polled by Reuters expecting the bank to hold rates at 4.35%.
Organizations: Reserve Bank of Australia, Reuters Locations: Asia, Pacific, Tokyo, Korea
Neon ads in Dotonbori district, Osaka, Kansai region, Japan Alexander Spatari | Moment | Getty ImagesAsia-Pacific markets started Friday lower even as Wall Street mostly saw gains and ahead of private factory activity surveys from across the region. Most notably, investors will be watching China's Caixin manufacturing purchasing managers' index for November, after official numbers Thursday showed the country's manufacturing sector contracting for a second straight month. PMI readings are also due from Japan, South Korea and India on Friday. Japan's Nikkei 225 was marginally below the flatline, but the Topix bucked the trend and opened 0.21% higher. Futures for Hong Kong's Hang Seng index stood at 17,052, also pointing to a positive open compared with the HSI's close of 17,042.88.
Persons: Japan Alexander Spatari, Kospi Organizations: PMI, Nikkei Locations: Dotonbori district, Osaka, Kansai, Japan, Asia, Pacific, South Korea, India, Australia
Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.
Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia
Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese at the Great Hall of the People in Beijing, capital of China, Nov. 6, 2023. While trade compulsions have forced the Asia-Pacific nation to reach out to China, security concerns over Beijing's South China Sea claims have prevented a reset in ties. Trade talksPart of Beijing's calculus is rooted in Australia economic dependence on China. According to the Australian government, China is its largest trading partner, accounting for nearly a third of the country's total trade with the world. Australia is already closely watching potential flashpoints in the South China Sea, and in regard to Taiwan," Economist Intelligence Unit analysts said in a note.
Persons: Xi Jinping, Anthony Albanese, Ding Haitao, coronavirus, Darren Lim, Lee McLean, McLean, we've, Albanese, We've Organizations: Australian, of, People, Getty Images, Xinhua, Agency, Xinhua News Agency, Getty, Australian National University, Labor, Australia, U.S ., China Hub . Trade, CNBC, Sky News Australia, Economist Intelligence, U.S Locations: Beijing, China, Xinhua, Australia, Asia, Pacific, Canberra, U.S, South China, Taiwan, The Hague, Philippines
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Asia-Pacific markets were set to open lower as investors assess comments from the U.S. Federal Reserve board members and await Australia's October inflation figures. On Tuesday, Federal Reserve Governor Christopher Waller said he was growing more confident that policy was in a place now to bring inflation back under control. Waller also said the Fed might start lowering rates if inflation continues to ease over the next three to five months. In contrast, Governor Michelle Bowman said more rate hikes will likely be needed as evolving dynamics keep inflation elevated.
Persons: Christopher Waller, Waller, Michelle Bowman, Bowman Organizations: Opera, Vivid, U.S . Federal Reserve, Federal Locations: Sydney, Australia, Asia, Pacific
The case came to the Court of Justice of the European Union (CJEU) after an employee of the eastern Belgian municipality of Ans was told she could not wear an Islamic head scarf at work. The municipality subsequently changed its terms of employment to require its employees to observe strict neutrality by not wearing overt signs of religious or ideological belief. The hijab, the traditional head scarf worn around the head and shoulders, has been a divisive issue across Europe for years. The CJEU said a policy of strict neutrality that was intended to establish a neutral administrative environment may be regarded as being objectively justified by a legitimate aim. The court said authorities in member states had a margin of discretion in designing the neutrality of public service they intended to promote.
Persons: Lim Huey Teng, Philip Blenkinsop, William Maclean Organizations: REUTERS, Rights, European Union, Justice, Thomson Locations: Kuala Lumpur, Malaysia, Rights BRUSSELS, Europe, Belgian
Hong Kong Spreephoto.de | Moment | Getty ImagesAsia-Pacific markets are set to rebound slightly after the region saw all its major indexes end the day in negative territory on Monday. Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days. Japan's markets started the day close to the flatline, with the Nikkei 225 marginally up and the Topix just slightly below the no change mark. South Korea's Kospi was up 0.42%, while the small-cap Kosdaq saw a larger gain of 0.53%. However, Hong Kong's Hang Seng index looks set to extend its losses from Monday, with HSI futures at 17,517 compared to the index's close of 17,525.06.
Persons: Brent, Kospi, Hong Organizations: West Texas, Nikkei Locations: Hong Kong, Asia, Pacific, Qatar, Israel, Australia
The 'Korea discount': Value stock or value trap?
  + stars: | 2023-11-28 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +6 min
A cameraman takes video footage of a stock index board showing South Korea's benchmark stock index (L) after a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Chaebol challengeIn South Korea, most market heavyweights are corporations called "chaebols," large family-owned global conglomerates that are usually controlled by the founder's family. However, IHS Markit highlighted in June last year that in South Korea, the ex-dividend date comes before the companies' dividend announcement dates. With such challenges, should investors be putting their money into South Korea stocks — or should they stay away? "If authorities continue to improve the investment environment further, the chances for the South Korean stock index to be included in the [MSCI World Index] will grow," he said.
Persons: Jung Yeon, JUNG YEON, Vikas Pershad, Jiang Zhang, Jeremy Tan, Zhang, Hebe Chen, Chen, Ryota Abe Organizations: South, Korea Exchange, Getty, Management, North, CNBC, Samsung Electronics, LG, SK, Hyundai, Samsung, Tiger Fund Management, IHS, South Korea's Financial Services Commission, IG International, Sumitomo Mitsui Banking Locations: South Korea, Korea, Seoul, North Korea, Korea's, Southeast Asia
Asia-Pacific markets are set for a positive start to the week as investors await key economic data out from major economies around the region, including China and Japan. China will release its official factory activity figures for November on Thursday, while the Caixin survey for the same metric will be out on Friday. Australia and Japan will release their October inflation figures on Wednesday and Thursday respectively, which will give clues to future moves by their respective central banks. India's gross domestic product numbers for the three months ended September will also be released late Thursday.
Locations: Asia, Pacific, China, Japan, Australia
The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu Dhabi oil conference on October 2, 2023, that the fossil fuel industry would play an essential role in addressing the climate crisis. Al-Jaber was the founding CEO of Abu Dhabi state-owned renewable energy firm Masdar. CCR, which has received funding from the likes of Greenpeace and Rockefeller Philanthropy Advisors, said it was able to verify the accuracy of the leaked documents via an unnamed whistleblower. The United Nations Framework Convention on Climate Change did not immediately respond to a CNBC request for comment on the leaked documents.
Persons: Ahmed al, Jaber, Ryan LIM, RYAN LIM, Al, ADNOC, Masdar Organizations: Abu, Abu Dhabi International Petroleum, Exhibition, Getty, United Arab, Abu Dhabi National Oil Company, Al, Centre, Climate Reporting, BBC, CCR, Greenpeace, Rockefeller Philanthropy Advisors, CNBC, United Nations Locations: Abu Dhabi, AFP, United Arab Emirates, Masdar, China, Egypt, United, Dubai
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Asia-Pacific markets are largely set for a stronger open as investors assess key economic data out from Japan on Friday. The world's third largest economy saw its core inflation rate rise to 2.9% in October, higher than the 2.8% seen in September. The country will also expect flash estimates for its November factory activity from the au Jibun bank.
Locations: Minato, Tokyo, Japan, Asia, Pacific
Nicky Loh | Bloomberg | Getty ImagesAsia-Pacific markets are set for a lower open after Wall Street went into the Thanksgiving holiday with a broad based rally. The tech-heavy Nasdaq also saw greater participation, with 62.9% of the stocks in the index rising. The country saw its business activity contract at a faster pace in November, according to flash estimates from Judo Bank. South Korea's Kospi gained 0.18%, on pace for a fourth straight day of gains, while the small-cap Kosdaq also advanced 0.16%. Futures for Hong Kong's Hang Seng index stood at 17,692, pointing to a weaker open compared with the HSI's close of 17,734.6.
Persons: Nicky Loh, Australia's, Korea's Kospi Organizations: Bloomberg, Getty, Wall, New York Stock Exchange, Nasdaq, Judo Bank Locations: Bay, Asia, Pacific, October's
The treasury department says the company enabled transactions from Hamas, the Islamic State, and Al Qaeda. The treasury department said Binance failed to report over 100,000 suspicious transactions involving terrorist groups, ransomware, child sexual exploitation material, and scams. Lim had been told about "HAMAS transactions," and responded by saying that terrorists often send "small sums" of money because "large sums constitute money laundering," the CFTC complaint said. Advertisement"I HAZ NO CONFIDENCE IN OUR GEOFENCING," Lim was told by a Binance employee, who was tasked with reporting money laundering, the complaint said. The justice department opened an investigation into Binance's compliance with anti money laundering law in 2018.
Persons: Binance, , Samuel Lim, Lim, Zhao, Merrick Garland, Richard Teng —, Binanace, Yesha Yadav Organizations: Service, Zhao, Brigades, Hamas, Islamic, Futures Trading, AK, New York Times, Vanderbilt University, Reuters, Futures Trading Commission, Securities and Exchange Commission Locations: Islamic State, Al Qaeda, Iraq, Syria
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve's Oct. 31 meeting revealed that policy officials maintained that monetary policy had to be restrictive and had little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Futures for Hong Kong's Hang Seng index stood at 17,702 following a volatile trading session on Tuesday, pointing to a weaker open compared with the HSI's close of 17,733.89.
Organizations: Sydney Opera House, Getty, U.S, U.S . Federal, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S ., Chicago, Osaka
Economists polled by Reuters had expected GDP growth of 0.7%, the same as advance estimates by the government. On a quarter-on-quarter, seasonally-adjusted basis, GDP grew 1.4%, sharply higher than the 0.1% increase seen in the previous quarter. Following the results, MTI revised its Singapore GDP growth outlook for 2023 to "around 1%," from 0.5% to 1.5% forecast earlier. An ongoing recovery in air travel and tourism is likely to support Singapore's aviation- and tourism-related sectors such as air transport and accommodation. Resilient labor market conditions will also continue to support consumer-facing sectors including retail trade, and food and beverages.
Persons: MTI Organizations: Ministry of Trade, Industry, Reuters, Survey, Singapore Locations: Singapore, U.S
[1/2] Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File photo Acquire Licensing RightsCompanies Binance Holdings Ltd FollowNEW YORK, Nov 21 (Reuters) - Binance Holdings chief Changpeng Zhao will admit violating U.S. laws as part of a deal to resolve a U.S. probe into illicit finance breaches, according to a source familiar with matter. The deal between a number of U.S. agencies and the world's largest crypto exchange will also involve charges against Binance's former compliance chief Samuel Lim, the source said. The deal will include penalties on the firm of over $4 billion, including $3.4 billion from U.S. Treasury's Financial Crimes Enforcement Network and another $968 million from the Office of Foreign Assets Control, another source familiar with the matter said. Reporting by Chris Prentice; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Zhao Changpeng, Binance, Costas Baltas, Changpeng Zhao, Samuel Lim, Chris Prentice, Lisa Shumaker Organizations: REUTERS, Binance Holdings, Treasury's, Network, Foreign Assets Control, Thomson Locations: Athens, Greece, U.S
Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Binance chief Changpeng Zhao will plead guilty to criminal charges and step down as the company's CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the government resolves a multi-year investigation into the world's largest crypto exchange. The Securities and Exchange Commission targeted the company with an expansive lawsuit in June, alleging that Binance was running an illegal securities exchange and mishandling customer funds. To this day, Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year.
Persons: Zhao Changpeng, Changpeng Zhao, Zhao, Brian Tsuchida, Binance, Kraken, Gary Gensler, wasn't, Samuel Lim, , ada, Kevin Breuninger Organizations: Department of Justice, Justice Department, DOJ, Emergency Economic, U.S, CNBC, Securities and Exchange Commission, Commodity Futures Trading Commission, Securities, Exchange Commission, SEC, Binance, Authority Locations: Paris, France, U.S, Seattle, Iran, Cayman Islands
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Asia-Pacific markets largely rose on Tuesday, mirroring similar moves on Wall Street after a tech-fueled rally. Microsoft shares gained 2%, reaching a new 52-week high, after CEO Satya Nadella said former OpenAI chief Sam Altman will join the tech giant to lead a new AI research team. Chipmaker Nvidia also added 2.3%, closing at an all-time high for the stock ahead of its earnings report Tuesday. Investors in Asia will also assess South Korean producer prices for October, as well as New Zealand's October trade figures.
Persons: Satya Nadella, Sam Altman Organizations: Microsoft, Nvidia, Investors, South Locations: Seoul . Asia, Pacific, Asia, South Korean
(Photo by Emma McIntyre/Getty Images for Coachella)In the oversaturated K-pop music scene, groups come as quickly as they go. Most contract renewals take place without much fanfare — but not for Blackpink, one of the biggest girl groups in the world. When members of the girl group were due to renew their contracts, shares of their label YG Entertainment went on a wild ride. In September, shares of the Kosdaq-listed YG Entertainment plunged on two separate occasions. Shares of YG climbed about 3% on that news.
Persons: Jennie, Jisoo, Lisa, Emma McIntyre Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, Ilbo, YG Locations: INDIO , CALIFORNIA, Indio , California, Korean
San Francisco Bay's only private island is on the market for $25 millionRed Rock Island lacks basic infrastructure like power and running water. AdvertisementSan Francisco Bay's only private island is on the market for $25 million — but there's no electricity or running water, reported The Wall Street Journal. The island has been put up for sale several times in recent years for between $5 million and $22 million, Durning told WSJ. In September, a private island in Solano County, California was put on the market for $75 million. And in August, a private island in Maine with a cottage and lighthouse was listed for $400,000.
Persons: Francisco Bay's, Brock Durning, hasn't, , Chris Lim, Lim, Durning Organizations: Service, Street, Contra Costa, Christie's, Estate, Rafael Bridge, Google, San Francisco Chronicle Locations: Francisco, Richmond, Rafael, Marin, Alaska, Solano County , California, Maine
(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop agency YG Entertainment climbed over 3% on Monday after South Korean media reported that girl group Blackpink has agreed to continue group activities under the label. According to an exclusive by South Korean outlet Munhwa Ilbo, individual members will not be renewing their exclusive contracts with YG but the group agreed to continue group activities as Blackpink under the label. In the future, they plan to carry out individual activities and come together only for Blackpink activities," according to a Google translation. The report added that two members already signed a contract "agreeing to continue Blackpink's activities," without naming the members. It's the latest development in a long-running contract saga involving the four-member group made up of members Jisoo, Jennie, Rosé, and Lisa.
Persons: Lisa, Jennie, Emma McIntyre, Blackpink, Munhwa Ilbo, Jisoo, Rosé Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Munhwa Ilbo, YG, Munhwa Locations: INDIO , CALIFORNIA, Indio , California
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The surge in their borrowing from Chinese banks has catapulted the yuan past the euro into becoming the second-biggest currency used in global trade finance, providing a fillip to Beijing's ambitions to internationalize the yuan. "Panda bonds are steadily promoting the renminbi's function as a funding currency", the People's Bank of China (PBOC) said a report last month. German automaker Volkswagen Group (VOWG_p.DE) told Reuters it will use its inaugural 1.5 billion yuan panda bond proceeds only for its onshore China business. ($1 = 7.2421 Chinese yuan renminbi)Reporting by Samuel Shen and Rae Wee Editing by Vidya Ranganathan and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Yuan, Dado Ruvic, Fiona Lim, Lim, SWIFT, Mercedes, Yuan internationalisation, Mark Williams, It's, Maybank's Lim, Williams, Samuel Shen, Rae Wee, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Rights, BMW, Crédit Agricole S.A, National Bank of Canada, People's Bank of China, Standard Chartered Bank, Bank of China's, Volkswagen Group, Reuters, Benz Group, Capital Economics, Thomson Locations: Rights SHANGHAI, SINGAPORE, China, Hong Kong, Asia, Russia, Argentina, Pakistan, Nigeria
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