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☆ New stock exchange aiming to offer 23-hour trading set to launch in 2025
▼ + stars: | 2024-11-29 | by ( Jesse Pound | ) www.nbcnews.com time to read: +1 min

A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday. The 24X National Exchange will debut in the second half of 2025, with trading from 4:00 a.m. ET on Friday, with a one-hour pause each day, once the exchange clears some final hurdles with the U.S. Securities and Exchange Commission. The arrival of 24X is part of a broader push toward a wider window of time for stock trading. Certain brokerage firms, including Robinhood Markets and Interactive Brokers, already offer extended trading on certain securities to their clients.

Persons: Dmitri Galinov, 24X Organizations: Exchange, 24X, U.S . Securities, Exchange Commission, Robinhood, Interactive, “, ” Locations: Stamford , Connecticut, Asia

Tech billionaire Elon Musk is already huge in China — but now his 76-year-old mother is a rapidly rising star there as well. “China is so advanced in roads, tunnels, buildings, infrastructure, and ports,” she wrote on her son’s social media platform X in October. Musk walking the runway for Chinese women’s wear brand Juzui at New York Fashion Week in September. Musk is one of a number of “silver-haired influencers” in China, a fast-aging country where there is growing concern about aging well. Maye Musk and Elon Musk at a campaign rally for President-elect Donald Trump at Madison Square Garden in New York on Oct. 27.

Persons: Elon Musk, “, ” Musk, Thomas Concordia, ”, Ashley Dudarenok, ” Dudarenok, Errol Musk, Musk, Elon, Maye Musk, Donald Trump, Jabin, Dudarenok, Trump, Maye Organizations: Tech, New York, Getty, Fila, Madison, Washington, Trump —, “ Department, Government Locations: HONG KONG, China, ”, U.S, New York, Hong Kong, “, Shanghai

☆ Przewalski’s horse: Back from the brink
▼ + stars: | 2024-11-29 | by ( Joshua Korber Hoffman | ) edition.cnn.com time to read: +1 min

20,000 years ago, stone-age humans engraved depictions of wild horses onto cave walls. Today, only one species of wild horse remains. Known as the Przewalski’s horse, the short, stocky, zebra-like animal once roamed throughout Europe and Asia. In 1969, a Mongolian scientist made what some thought would be the last ever sighting of a Przewalski’s horse in the wild. However, over the past 40 years, the breeding of captive populations and reintroductions in Europe and Asia have brought the Przewalski’s horse back from the brink.

Persons: Nikolai Przewalski Organizations: CNN, Initiative, Prague Zoo Locations: Europe, Asia, Russian, Russia, Central Asia, Prague, Mongolian, Kazakhstan

☆ The most auspicious year for Chinese births is almost over. For dragon babies, the competition is just getting started.
▼ + stars: | 2024-11-29 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +9 min

"Dragon babies are, for the most part, intensely desired and prized by their parents. Seah said dragon babies will also have a tougher time looking for jobs after graduation. AdvertisementThe study also found that Chinese dragon babies were 2.3% less likely to gain admission to local universities in Singapore. But the latest crop of dragon babies may have it easier, with competition evening out as birth rates drop. Dragon babies might have once been subject to great pressure to exceed expectations, but Gietel-Basten says he'd be "surprised" if that same level of pressure would be applied to 2024's dragon babies as they grow older.

Persons: Jackson Koh, Koh, it'll, It's, Fatih Aktas, —, Cheng Ong, Melissa Anne Lim, Lim, Kelvin Seah, Seah, Stuart Gietel, he'd, Basten, that's, Chen Qibao, Lee Hsien Loong, Lee, Qian Wenlan, Qian Organizations: Singapore's Nanyang Technological University, Getty, Singapore's Department of Statistics, National University of Singapore, NUS, Business, Singapore —, Hong Kong University of Science, Technology, Publishing, Getty Images, National Bureau of Statistics, Singaporean Locations: Singapore, Asia, Fatih, Anadolu, China, Basten, Getty Images China, China's, Xinhua, Seoul, South Korea

☆ Tired of Chicago winters, this Gen Xer retired at 46 and moved to Bangkok. It cut his monthly spending by half.
▼ + stars: | 2024-11-29 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

AdvertisementIn 2018, at 46, Chris retired and left Chicago for Bangkok. He enjoys the affordability of living in Bangkok and how easy it is to make friends. As he soaked in the pool of his Airbnb in Bangkok, Chris wondered, "How can I make this my home permanently?" Describing his lifestyle as "semi-luxury," Chris said he'd increased his budget year after year to adjust to his changing circumstances. ChrisFor Chris, being able to live any type of lifestyle is his favorite part of living in the city.

Persons: Chris, he'd, —, feverishly, He'd, pickleball, it's, Chris isn't, John Walker, Chiang Mai, It's, Jeffrey Odgen, who's, he's Organizations: Thai, for Community, Economic Research, World Bank Locations: Chicago, Bangkok, Illinois, Asia, Thailand, Hong Kong, Japan, Thonglor, Australia, Hua Hin

☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ Trump faces a far more emboldened Kim Jong Un this time around
▼ + stars: | 2024-11-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump has boasted about his chemistry with North Korean dictator Kim Jong Un. Donald Trump has long reminisced about the unlikely bromance he formed with North Korean dictator Kim Jong Un while president. His comments suggest that Trump will find Kim a much tougher and more emboldened character to deal with this time around. North Korea's Kim Jong Un and Russia's Vladimir Putin at a military parade in Pyongyang in June. "Kim likely sees in Trump a once-in-a-lifetime opportunity to remake his country's relationship with the US, and thereby the wider world," said Chan.

Persons: Kim Jong Un, Kim, Donald Trump, Kim Jong, Kim hasn't, Trump, Jeremy Chan, Bruce Bennet, Kim overplayed, Bennet, Kim Jae, Vladimir Putin, Putin, Chan, Daniel Salisbury, Russia's Vladimir Putin, GAVRIIL GRIGOROV, —, Ellen Kim Organizations: Trump, North, North Korean, Eurasia Group, Getty, Reuters, RAND Corporation, UN Security Council, South, Centre for Science & Security, King's College, Center for Strategic, International Studies Locations: North Korean, Korean, Pyongyang, North Korea, Russia, Ukraine, China, Asia, Hanoi, Anadolu, South Korea, King's College London, Trump, Korea

☆ Asia markets set to open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
▼ + stars: | 2024-11-28 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13.

Organizations: Wall, Reuters, Bank of, Nikkei Locations: Seoul, Asia, Pacific, Bank of Korea, Chicago, Osaka

☆ I stayed in a 110-year-old ship that's been converted into a beachfront hotel. It was a great retreat from living in a concrete jungle.
▼ + stars: | 2024-11-28 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

AdvertisementI stayed in Doulos Phos The Ship Hotel, a short ferry ride from Singapore. AdvertisementFrom the get-go, I was blown away by the vastnessThe front of the ship hotel, with its two anchors preserved. Aditi BharadeAs my taxi turned the corner from the ferry terminal, I took in the sheer size of the 430-foot-long ship hotel. The bathroom, too, was huge — much larger than some hotel rooms I've stayed in. AdvertisementThe bathroom was larger than hotel rooms I've stayed in, in the past.

Persons: Eric Saw, Aditi Bharade, Aditi Organizations: Life, Southeast Asia that's, Titanic, Business Locations: Doulos, Singapore, Indonesia, Southeast Asia, New York City, Indonesian, Bintan's, Texas, Rome, Kenya, Bintan

☆ I've traveled to over 60 countries. Here's how I chose where I wanted to live permanently.
▼ + stars: | 2024-11-28 | by ( Joel Balsam | ) www.businessinsider.com time to read: +6 min

I've always wanted to see what was out there beyond my quiet backyard. AdvertisementIn 2015, I spent a year teaching English in Madrid and traveled across Europe, India, and Southeast Asia. AdvertisementUnsure of when international travel might return, my partner and I decided to buy an apartment in Montreal. Related storiesLit up again in BrazilLast year, I traveled to 17 countries for work and to search for a place to live. I think Rio is the most beautiful natural city I've ever seen.

Persons: Joel Balsam, Balsam, Will, I've, I'd, Rio, Jair Bolsonaro, Montreal, Lula Organizations: Southern, Guardian, Lonely, Logistics, Rio US, beachy Zona Locations: Ottawa , Ontario, Canada, Brazil, Montreal, South America, Rio de Janeiro, Madrid, Europe, India, Southeast Asia, Medellín, Colombia, Oaxaca, Mexico, Rio, Southern United States, Morocco, Armenia, Nepal, Spain, Salvador, beachy, beachy Zona Sul, Santa Teresa

Three American citizens who had been detained in China were released, a State Department spokesperson said Wednesday. Li, 70, who is from Long Island, New York, was detained in 2016 and sentenced to 10 years in 2018 on espionage charges his family says are baseless. The announcement on Wednesday follows the surprise release in September of American pastor David Lin, whom like Li and Swidan the U.S. had classified as wrongfully detained. He had been jailed in China since 2006 after being sentenced to life in prison on charges of contract fraud. Other families who appeared at the hearing are still waiting for the return of loved ones detained in China, including Nelson Wells Jr. and Dawn Hunt.

Persons: Mark Swidan, Kai Li, John Leung, Li, Leung, Chuck Schumer, Li’s, Harrison Li, “, ”, David Lin, Biden, Joe Biden, Xi Jinping, Swidan’s, Katherine Swidan, ” Li, Nelson Wells Jr, Dawn Hunt Organizations: State Department, United, Politico, ., Hua Foundation, Chinese Foreign Ministry, Economic Cooperation, Congressional, Commission Locations: China, Long Island , New York, Texas, United Nations, American, Hong Kong, Beijing, United States, U.S, Huntington , New York, New York, Asia, Peru, Russia

☆ Eight detained in Laos over mass poisoning as families demand answers
▼ + stars: | 2024-11-27 | by ( Seyed Ismail Nafeesa | Seyed Ismail Nafeesa Is An Intern On Nbc News'S Asia Desk. | ) www.nbcnews.com time to read: +2 min

HONG KONG — Eight employees of a backpacker hostel in Laos have been detained for questioning by local authorities investigating the deaths of six foreign tourists from suspected methanol poisoning, local media reported. Two Australian teenagers, two Danish women, an American man and a British woman have been confirmed dead by their governments. He and the owner of the hostel, who is also Vietnamese, were also detained for questioning last week, The AP reported. I was happy to hear that there’s been some movement over in Laos,” Jones’s father, Mark Jones, told reporters at Melbourne Airport. A New Zealand citizen who was also poisoned by tainted alcohol but survived has returned home, Reuters reported Monday, citing a spokesperson for the New Zealand foreign ministry.

Persons: Duong Duc Toan, Anupam Nath, Bianca Jones, Holly Bowles, James Louis Hutson, Jones, Bowles, “, there’s, ”, Mark Jones Organizations: HONG KONG —, Laotian Times, Associated Press, AP, ”, Melbourne Airport, New Zealand, Reuters, New Locations: HONG KONG, Laos, American, British, Vang Vieng, Vientiane, State, Australia, New Zealand, U.S

☆ Why Trump’s proposed tariffs may be bad news for China and Asia
▼ + stars: | 2024-11-27 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +3 min

In 2023, the US was South Korea’s second-largest export market after China, with $116 billion of goods traded. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places in the region. Shoe seller Steve Madden announced earlier this month that it will halve its Chinese production to avoid Trump’s tariffs, and it will be sourcing from Cambodia, Vietnam, Mexico and Brazil, among other countries. In 2023, the US was the number one recipient of exports from China, Vietnam, Thailand, India and Japan. In the first nine months of 2024, the United States’ largest trade deficit was with China.

Persons: Donald Trump, Steve Madden, Trump, ”, Philip Daniele, — CNN’s Rachel Wilson Organizations: Hong Kong CNN —, Malaysia, US Locations: Hong Kong, Mexico, Canada, China, United States, Asia, South, Southeast Asia, Cambodia, Vietnam, Brazil, Thailand, India, Japan, South Korea, Indonesia, Singapore

☆ European markets set for a shaky start amid Trump tariff threat
▼ + stars: | 2024-11-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open Wednesday as investors continued to assess the potential impact of President-elect Donald Trump's plans to hike tariffs. Economists have warned of the potential inflationary impact of Trump's fiscal plan, which could see the U.S. Federal Reserve cutting interest rates at a slower pace. Overnight, Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. U.S. stock futures were little changed on Wednesday morning as traders await the release of the Fed's favorite inflation gauge: the personal consumption expenditures price index. Earnings are set to come from Easyjet and data releases include German and French consumer confidence.

Persons: Donald Trump's, Germany's DAX, Trump Organizations: France's CAC, IG, U.S . Federal Reserve, Dow Jones Locations: Mexico, Canada, Asia, Pacific

☆ U.S., China and more: Value investor reveals what to buy as Trump tariffs loom
▼ + stars: | 2024-11-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

News that U.S. President-elect Donald Trump's plans to hike tariffs on imports from China, Canada and Mexico sent ripples across global markets Tuesday. Asian markets traded broadly lower , but Chinese stocks held up surprisingly well. Peter Boockvar, chief investment officer at the U.S.-headquartered Bleakley Financial Group, said China is better prepared to cope with tariffs than in 2016. Referencing the impact of the tariffs imposed by the Trump administration in 2016, Boockvar said it was "negative, not a benefit" in aggregate. 'A lot of value' Beyond the U.S., Boockvar said Asian markets including China, Japan, Singapore and Vietnam were offering "a lot of value."

Persons: Donald Trump's, Peter Boockvar, It's, CNBC's, Trump, Boockvar, Russell, Stocks, EQT Organizations: Bleakley Financial, Nvidia, Microsoft, Vegas Sands Corp, Melco Resorts & Entertainment, AIA, Hong Kong Stock Exchange Locations: China, Canada, Mexico, U.S, Japan, Singapore, Vietnam, Bay Sands, Asia, Europe

☆ Johnny Somali: Controversial American live-streamer faces prison in South Korea for offensive behavior
▼ + stars: | 2024-11-27 | by ( Hanna Park | Gawon Bae | ) edition.cnn.com time to read: +3 min

CNN —A controversial American live-streamer is facing the prospect of prison in South Korea for his offensive antics, in a case that is shining a light on the rise of so-called “nuisance influencers” seeking clicks overseas. Ramsey Khalid Ismael, 24, commonly known by his online alias, “Johnny Somali,” has been indicted of causing a “commotion” at a convenience store, Seoul prosecutors confirmed to CNN. Angry locals threatened reprisals against the live-streamer in online posts following the incident. Separately, a man was arrested in Seoul last month for allegedly punching Ismael in the face, the Yonhap News Agency reported. Last year, the live-streamer was arrested in Osaka on suspicion of trespassing in a construction site, according to the Kyodo News agency.

Persons: Ramsey Khalid Ismael, “ Johnny, ”, Ismael, JTBC, John Lie, ” Lie, “, Ava Ko Organizations: CNN, MBC News, Yonhap News Agency, Kyodo News, University of California Locations: South Korea, Seoul, Asia, Instagram, Tokyo, Japan, Osaka, Hiroshima, Nagasaki, Berkeley

☆ VP Bank's Asia CIO explains why he's more optimistic on U.S. mid-caps
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP Bank's Asia CIO explains why he's more optimistic on U.S. mid-capsThomas Rupf, Asia chief investment officer at VP Bank, discusses the outlook for the U.S. market and why mid-caps are the "sweeter spot."

Persons: Thomas Rupf Organizations: U.S, VP Bank Locations: Asia

☆ Trump is directing the trade war even before he takes office. Surprise tariffs were just the start.
▼ + stars: | 2024-11-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementUS President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump's tariff threats as leverage for countries to comply with the President-elect's wishes. President-elect Donald Trump has two months until he takes office, but he's already dishing out orders — and shaking the markets. Trump wrote. Trump jolted global markets, but the reaction was 'benign'Trump's announcements surprised global markets, with the Canadian dollar and the Mexican peso losing ground against the US dollar.

Persons: elect's, Donald Trump, —, Trump, George Saravelos, Saravelos, Dave Townsend, Dorsey, Whitney, Townsend, Nick Marro, Marro, Goldman Sachs Organizations: Trump, Canadian, greenback, Deutsche Bank, Economist Intelligence Locations: Mexico, Canada, China, Trump, Asia

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

☆ Asia markets to open mixed even as Wall Street notches fresh records; investors assess Australia inflation
▼ + stars: | 2024-11-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.

Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ Mexico vows to retaliate with its own trade barriers, putting US joint ventures at risk
▼ + stars: | 2024-11-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican imports on his first day back in the White House. Mexico's president said her country would retaliate, which she said would impact joint ventures. During a press conference on Tuesday, Sheinbaum said that "one tariff will be followed by another, and so on, until we put joint ventures at risk." Sheinbaum said, adding that tariffs "would trigger inflation and job losses in the US and Mexico." Meanwhile, President Sheinbaum said that "dialogue is the best path to achieve understanding, peace, and prosperity for our two countries."

Persons: Donald Trump, he'd, Claudia Sheinbaum Pardo, Trump, Sheinbaum, Gabriela Siller, Wendy Cutler, Derek Scissors, Scott Bessent Organizations: Biden, Motors, Ford Motor Company, Banco Base, Associated Press, Asia Society Policy Institute, Trump, American Enterprise Institute Locations: Mexico, Canada, China

☆ Analyst says Trump tariffs on China, Mexico and Canada could lead to a trade war 'spiral'
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says Trump tariffs on China, Mexico and Canada could lead to a trade war 'spiral'Wendy Cutler, vice president and managing director at the Asia Society Policy Institute, discusses U.S. President-elect Donald Trump's plan to impose tariffs on products from Canada, Mexico and China.

Persons: Wendy Cutler, Donald Trump's Organizations: Asia Society Policy Institute Locations: China, Mexico, Canada

SEOUL, South Korea — A South Korean man hoping to avoid mandatory military service has been convicted after trying to eat his way out of it. He was sentenced to one year in prison, suspended for two years, under the Military Service Act, which allows for sentences of up to three years for evading mandatory military service without justifiable cause. The sentences were “relatively lenient” because neither of the men had previous criminal convictions, the court official said. “Most of all,” the official said, the man “accepted his wrongdoing and vowed to serve his military duty sincerely.”The official could not confirm whether the man had started his military service. Stella Kim reported from Seoul, South Korea, and Seyed Ismail Nafeesa from Hong Kong.

Persons: “, ”, Stella Kim, Seyed Ismail Nafeesa Organizations: Seoul Eastern, Court, NBC, Military Service Locations: SEOUL, South Korea, Korean, Seoul, Hong Kong

☆ CNBC Daily Open: Investors endorse Trump’s Treasury secretary pick
▼ + stars: | 2024-11-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In contrast to Wall Street, Asia-Pacific markets mostly fell on Tuesday. Wall Street likes BessentScott Bessent, President-elect Donald Trump's pick for U.S. Treasury secretary, has got a big thumbs up from the stock as well as bond markets. Wall Street strategists heaped praise on Bessent; global analysts also think Trump's pick is favorable for markets. Investors are in a risk-on mood because of Bessent's perceived friendliness to Wall Street and reports of Israel and Hezbollah moving closer to a cease-fire.

Persons: Scott Bessent, Bessent Scott Bessent, Donald Trump's, Trump Organizations: Key, CNBC, Japan's Nikkei, U.S, Treasury, Wall, Trump, buybacks Companies, Barclays Locations: Washington ,, Street, Asia, Pacific, Hong Kong, Mexico, Canada, Israel

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