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☆ Asia markets fall after Wall Street's banks jump on stress test results
▼ + stars: | 2023-06-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets mostly fell on the final trading day of the first half of the year. The Dow Jones Industrial Average rose, lifted by shares of large banks jumping after passing the Federal Reserve's annual stress test. A revised U.S. gross domestic product print also helped lift investor sentiment, alleviating recession fears on Wall Street. Investors will look ahead to the latest data on personal consumption expenditures, the Federal Reserve's favored inflation gauge. Japanese stocks fell as investors digested Tokyo's core consumer price index, which remained at levels above the central bank's target for thirteen straight months.

Organizations: Mitsui OSK Lines, Dow Jones, Federal, Nikkei Locations: Tokyo, Asia, Pacific, South Korea, Australia

☆ Dow Futures, Bank Stock Rise: Live Updates
▼ + stars: | 2023-06-29 | by ( ) www.wsj.com time to read: +2 min

Stock futures edged higher as investors awaited data on inflation and economic growth and digested comments by central-bank chiefs. Meanwhile, bank stocks rose in premarket trading Thursday after the Fed said the biggest U.S. lenders remained healthy . Stock futures were up. The yield on the 10-year bund advanced to 2.357% ahead of German inflation data due at 8 a.m. U.S. bank stocks climbed premarket.

Persons: Jerome Powell, Christine Lagarde, Andrew Bailey, ”, Jason Da Silva, Arbuthnot Latham Organizations: European Central Bank’s, Bank of England Gov, Fed, U.S, Stock, Futures, Nasdaq, Dow, Treasury, bund, Bank of New York Mellon, Bank of America, UniCredit, Nikkei Locations: European, Spain, U.S, China, Europe

☆ Chinese A.I. stocks fall as U.S. reportedly weighs curbs on chip exports
▼ + stars: | 2023-06-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) at the showroom of the company's offices in Taipei, Taiwan, on Friday, June 2, 2023. China's artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is planning to impose new curbs on shipments of AI chips to China. According to the Journal, U.S. chip makers such as Nvidia will be affected by the move which could happen as early as July. China's CSI artificial intelligence index fell 3% on that news on Wednesday in Asia. The Shenzhen-traded shares of Inspur Electronic Information Industry slumped 10% and Chengdu Information Technology of Chinese Academy of Sciences dropped nearly 8%.

Persons: OpenAI's ChatGPT, Bard chatbots, — Organizations: Nvidia Corp, Wall Street Journal, Journal, Nvidia, CSI, Industry, Chengdu Information Technology, Chinese Academy of Sciences Locations: Taipei, Taiwan, China, Asia, Shenzhen, Chengdu, Hong Kong, U.S

HONG KONG, June 27 (Reuters) - A series of brutal attacks in Hong Kong is shining a light on mental health in a city that has suffered from particularly acute strains while lacking sufficient resources to provide proper care for all who need it, mental health groups say. A city government spokesman, asked about the state of mental health, referred Reuters to a meeting the administration organised this month aimed at exploring more ways to address mental health problems and support people who suffer from severe mental disorders. Mental health experts point to the COVID-19 pandemic as a major factor in the increase in mental health issues, as it has been in many places. 'EXHAUSTION'Judy Blaine, a researcher and consultant on mental wellbeing, says it is the compounding of stresses that takes a toll on Hong Kong's people. Carol Liang, deputy CEO of the group Mind Hong Kong, said waiting times for cases deemed non-urgent can be as long as 90 weeks in the Hospital Authority system.

Persons: Abby Choi, Judy Blaine, Hong, Blaine, Carol Liang, Hong Kong, Farah Master, Anne Marie Roantree, Robert Birsel Organizations: Hong Kong Foundation, Organization, Reuters, Hospital Authority, Organisation for Economic Cooperation, Development, Thomson Locations: HONG KONG, Hong Kong, Beijing, Hong

Hong Kong/London CNN —Oil prices edged higher, while global stocks and the ruble fell early Monday as investors reacted to the weekend’s brief and chaotic insurrection in Russia. Markets were largely focused on whether the turmoil in Moscow could disrupt global energy supplies. US crude oil futures briefly climbed 1.3% during Asian trading hours. Signs that global energy demand could weaken as economies slow have pushed US crude prices down by nearly 14% so far this year to just under $70 a barrel. Stocks slip, ruble slidesReacting to the short-lived Wagner insurrection, the Russian ruble opened at its lowest level in nearly 15 months.

Persons: Brent, Vladimir Putin, Antony Blinken, ”, Yeap Jun Rong, Wagner, Jeffries, Jerome Powell Organizations: London CNN, Rystad Energy, Wagner Group, IG Group, Brent, Russian, Japan’s Nikkei, Bank of England, Bank of Japan Locations: Hong Kong, London, Russia, Moscow, Asia, Shanghai

☆ Yellow-crested cockatoos find an unlikely urban refuge in Hong Kong
▼ + stars: | 2023-06-26 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +18 min

Hong Kong CNN —It’s dusk in Hong Kong Park. On a sweltering summer day in Hong Kong Park, nestled between skyscrapers in the urban center of the Asian metropolis, a yellow-crested cockatoo perches on a branch. Noemi Cassanelli/CNN Yellow-crested cockatoos nest in old trees, typically more than 100 years old, which form cavities in the trunk. Hong Kong, despite its urban sprawl and concrete veneer, is a stronghold for several endangered species, including Chinese pangolins, Hong Kong groupers, and the black-faced spoonbill. (According to the AFCD, it has “not received any report related to poaching of yellow-crested cockatoos in the past three years.”)Extremely picky about where they roost, the yellow-crested cockatoos use cavities that form in the trunks of trees that are typically older than 100 years.

Persons: Hong Kong CNN —, –, Astrid Andersson, it’s, ”, Andersson, Quadrupling, Noemi Cassanelli, Cassanelli, CNN Andersson, CNN There's, they’ve, “, Tom Booth, Fox, It’s, ’, Fiona Woodhouse, Woodhouse, Hong Kong’s, Jovy Chan, Chan, “ They’ve Organizations: CNN, Hong Kong CNN, Press, University of Hong, Timor Leste, International Trade, Fisheries, Conservation Department, CITES, Scottish wildcats, ADM Capital Foundation, Society for, Bird, Cultural Services Department, Facebook, Hong, SPCA HK, WWF Locations: Hong Kong, Swedish, Indonesia, Timor, Australia, University of Hong Kong, Hong, ”, Mainland China, HKD28,000, Indonesian

☆ Asia stocks slide as growth outlook darkens
▼ + stars: | 2023-06-23 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7% and is down 3.6% for the week, its worst since March. Japan's Nikkei (.N225) fell 1% as core inflation in Japan hit its fastest pace in more than four decades. Last week the U.S. Federal Reserve surprised markets with a hawkish outlook and central banks in Australia and Canada have delivered unexpected hikes. Two-year Treasury yields rose 9 bps to 4.8% overnight and were steady at 4.7888% in Asia on Friday. Brent crude futures were set for their worst week in nearly two months and fell 0.5% to $73.79 a barrel.

Persons: HSI, Wong Kok Hoong, Henry Russell, Maybank's Wong, Jerome Powell, Simon Cameron, Moore Organizations: Nikkei, Trade, China . Hong Kong, U.S . Federal Reserve, ANZ, U.S, Brent, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China . Hong, Maybank, Singapore, Britain, Norway, Australia, Canada, Europe, United States

☆ Vienna is the world's most livable city — again. Here are the other top spots
▼ + stars: | 2023-06-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Austria's Vienna has come up on top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Austria's Vienna has come up top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Copenhagen also retains its position as the second most livable city in the world, while Australian cities Sydney and Melbourne broke into the top five. Hong Kong also moved 13 places up the rank to 61st most livable city in the world. Decline in stability scoresWhile health-care, education, infrastructure, culture and entertainment scores saw improvements in the past year, stability saw a "marginal decline," said the EIU.

Persons: New Zealand's Wellington, CNBC's, EIU Organizations: Austria's, Economist Intelligence Unit, Melbourne, Germany's Locations: Austria's Vienna, Copenhagen, Sydney, Vienna, Austria, Denmark, Melbourne, Australia, Vancouver, Canada, Zurich, Switzerland, Calgary, Geneva, Toronto, Osaka, Japan, Auckland, New Zealand, Asia, Pacific, New Zealand's, Hong Kong, Western Europe, Germany's Frankfurt

☆ Morning Bid: Nevermind the cricket, here's inflation
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom WestbrookBritish inflation figures this morning could take traders' minds off England's cricket defeat, should they show the slowdown that economists are hoping for. But a bit the questions Australia's comeback at Edgbaston has asked about England's aggressive new cricketing style, an upside inflation surprise can upset the policy outlook. In Asia, China's slowdown and the lack of big-bang stimulus had markets on the slide. Later on Wednesday, Federal Reserve Chair Jerome Powell appears before the U.S. Congress where he will be quizzed about policymakers' projections for two more interest rate hikes this year. Key developments that could influence markets on Wednesday:British inflation dataFed Chair Jerome Powell speaksReporting by Tom Westbrook; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Westbrook, Joe Biden, Antony Blinken's, Jerome Powell, Jacqueline Wong Organizations: Reuters, Bank of England, Edgbaston, U.S, U.S . Congress, Thomson Locations: Asia, California, China

☆ Jack Ma appears at an Alibaba event in China days after an executive says he's 'alive' and 'happy'
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Ma taught his first class at the University of Tokyo last week, per the South China Morning Post. Jack Ma has popped up at an Alibaba event, just a few days after its president described him as "alive" and "happy." Hong Kong's South China Morning Post reported he took his first class on June 12 at the institution. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," he said, per CNBC.

Persons: Jack Ma, Ma, Michael Evans, Jack Organizations: Alibaba, Bloomberg, University of Tokyo, China Morning, Damo Academy, China Morning Post, CNBC Locations: Hangzhou, Thailand, Bangkok, Beijing, China, Tokyo

☆ Asia markets headed for mixed open ahead of Bank of Japan rate decision
▼ + stars: | 2023-06-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Kazuo Ueda, governor of the Bank of Japan (BOJ), far right, speaks during an event at the central bank's headquarters in Tokyo, Japan, on Wednesday, May 31, 2023. Ueda said central banks need to be more careful about how they communicate with increase in their toolkits and advancements in monetary policy making. Photographer: Noriaki Sasaki/The Yomiuri Shimbun/Bloomberg via Getty ImagesAsia-Pacific markets are set for a mixed open Friday after the S&P 500 and Nasdaq Composite posted a sixth-straight day of gains and investors in the region look to the Bank of Japan's rate decision. In Australia, futures for the S&P/ASX 200 were at 7,167, slightly lower than the index's last close of 7,175. Hong Kong's Hang Seng index is set to extend its rally after gaining over 2% on Thursday, with futures at 19,951 compared with the HSI's close of 19,828.92.

Persons: Kazuo Ueda, Ueda, Noriaki Sasaki Organizations: Bank of Japan, Yomiuri Shimbun, Bloomberg, Getty Images, Nasdaq, Bank of, Bank of America, Nikkei Locations: Tokyo, Japan, Getty Images Asia, Pacific, Chicago, Osaka, Australia

Asia-Pacific markets are set to rise after the U.S. Federal Reserve held off on a rate hike while projecting that another two quarter percentage point moves are on the way before the end of the year. The latest decision left the Fed's key borrowing rate in a target range of 5%-5.25%.The central bank forecast it will raise interest rates as high as 5.6% before 2023 is over. In Asia, New Zealand fell into a technical recession after its first quarter gross domestic product fell 0.1% year on year, after reporting a revised 0.7% decline in the final quarter of 2022. Japan's May trade balance will be released later today as the Bank of Japan kicks off its two-day monetary policy meeting. China will release a slew of economic data, including industrial output, retail sales and house prices for May.

Persons: Hong Organizations: U.S . Federal Reserve, Nikkei, Bank of Japan Locations: Asia, Pacific, New Zealand, Japan, Chicago, Osaka, China

☆ Fed Meeting Today: Dow Futures Hover Ahead of Interest-Rate Decision
▼ + stars: | 2023-06-14 | by ( ) www.wsj.com time to read: +1 min

Stock futures and Treasury bonds rose ahead of the Federal Reserve’s monetary-policy decision, as investors weighed the latest inflation data and what this could mean for interest rates. The central bank is set to put out its decision and statement at 2 p.m. Most stock futures edged up. Treasury bonds recovered some ground. The most actively traded contract for Brent futures rose 1.5% to $75.40 a barrel, extending Tuesday’s jump.

Persons: Jerome Powell, Shorter, Hong, Hang Seng, DAX Organizations: Federal, Futures, Nasdaq, Dow, Treasury, Bank of England, Brent, Japan’s Nikkei Locations: Europe

CNN —The armorer on the set of the movie “Rust” likely was hungover when she loaded a prop gun used by actor Alec Baldwin that fired a live round of ammunition during a rehearsal, killing cinematographer Halyna Hutchins, prosecutors said in a court filing. Witnesses told investigators Hannah Gutierrez Reed “was drinking heavily and smoking marijuana in the evenings during the shooting of Rust,” prosecutors said in the Friday filing. Gutierrez Reed will plead not guilty to two counts of involuntary manslaughter in connection with the October 2021 shooting, an attorney for her has said. A final decision on charges against Baldwin would be made before August 8, prosecutors said in the Friday filing. Through their respective attorneys, both Gutierrez Reed and Halls accused Baldwin of deflecting blame onto others.

Persons: Alec Baldwin, Halyna Hutchins, Hannah Gutierrez Reed “, ”, Gutierrez, Gutierrez Reed’s, Gutierrez Reed, Joel Souza, Jason Bowles, ” Bowles, “, Baldwin, ” Kari Morrissey, Jason Lewis, Mr, Luke Nikas, Alex Spiro, Hannah, Jae C, CNN’s Chloe Melas, Dave Halls, ” Baldwin, Hutchins ’, Baldwin –, Matthew Hutchins, “ Rust ” Organizations: CNN, ” CNN Locations: Mexico, Santa Fe , New Mexico, New Mexico, Montana

☆ CPI Report Today: Dow Futures Waver Ahead of Inflation Data
▼ + stars: | 2023-06-13 | by ( ) www.wsj.com time to read: +1 min

Stock futures are edging higher ahead of inflation data that could shed light on how much further the Federal Reserve may raise interest rates in the months ahead. While the headline pace of inflation has slowed this year, investors are focused on core inflation, which is expected to have remained stubbornly strong in May. The central bank is expected to hold interest rates steady , but investors think it could signal more rate increases in the future. The yield on 10-year government bonds rose to 4.409% from 4.323% after unexpectedly strong U.K. wage-growth data. Brent futures rose over 2% to around $73.30 a barrel, after sliding 3.9% Monday.

Organizations: Federal Reserve, Stock, Dow, Treasury, Japan’s Nikkei, ’ Locations: China, Shanghai, Europe, Brent

☆ Asia shares track Wall Street rally with inflation data, Fed in focus
▼ + stars: | 2023-06-13 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

"Overall equity markets reacted positively to expectations the monetary policy cycle may be nearing its peak," ANZ analysts said in a note. "U.S. markets are now pricing a 72% probability that the Federal Reserve Monetary Policy Committee (FOMC) will hold rates at this week's meeting." On Monday, the S&P 500 (.SPX) and the Nasdaq (.IXIC) rallied to their highest closing levels since April 2022. The S&P 500 climbed 0.93% to end the session at 4,338.93 points. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.5749% compared with a U.S. close of 4.592%.

Persons: Price, Brent, Julie Zhu, Christopher Cushing Organizations: Consumer, Index, CPI, PPI, ANZ, Federal Reserve Monetary, Nikkei, Nasdaq, Amazon, Apple, Dow Jones, Reserve Bank of Australia, Bank of Canada, European Central Bank, Bank of Japan, Treasuries, U.S, Thomson Locations: HONG KONG, U.S, China, Asia, Pacific, Japan

☆ Google and OpenAI limit A.I. chatbots in Hong Kong amid China tensions, report says
▼ + stars: | 2023-06-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Hong Kong spent more than HK$600 billion ($76.44 billion) on various pandemic relief programs for the past three years, forcing it to run rare budget deficits. Hong Kong's Department of Justice also recently sought to block a pro-democracy song, "Glory to Hong Kong" from being disseminated online and cited 32 instances where it appeared on Google -owned YouTube. Other companies have also taken steps to filter content that reaches Hong Kong. Disney has chosen not to bring two episodes of "The Simpsons" that include references to critiques of the Chinese government to its streaming service in Hong Kong, the Journal reported. Hong Kong users have reported that Tencent's tool temporarily blocked access to legitimate Western sites like Twitter competitor Mastodon, cryptocurrency exchange Coinbase and coding website GitLab.

Persons: Disney, that's, Tencent, Read, what's Organizations: HK, Google, Microsoft, Street, Hong Kong's Department of Justice, Facebook, American, of Commerce, Apple, Disney, Wall Street, CNBC, YouTube Locations: Hong Kong, China, U.S

☆ Meet the typical South Korean millennial: educated, overqualified for the job market, and part of the 'kangaroo tribe' that can't afford to leave their parents' homes
▼ + stars: | 2023-06-12 | by ( Matthew Loh | Reena Koh | ) www.businessinsider.com time to read: +2 min

Kwon, 28, swam for his varsity team at Yonsei University, one of South Korea's top colleges. But like most young and unmarried South Koreans, he lives with his parents, and despite earning more than the national average, he won't even consider buying his own home for the next 10 years. Kwon and Hong belong to Generation MZ, a collective term for South Korea's millennials and Gen Zers, who often get grouped together for their digital fluency and outlook on life. Generation MZ — anyone born between 1980 and 2005 — accounts for almost a third of the country's population of around 52 million people. Insider spoke with five South Koreans of Generation MZ, as well as finance and generational experts, to gain a better understanding of the generation.

Persons: Kwon Joonyeop, Kwon, Kwon Joon, yeop Kwon, Hong Seo, yoon, She's, Hong, she's, Korea's millennials, Gen Zers Organizations: Yonsei University, South Koreans, Seoul National University, Korean Broadcasting System, Korea's Locations: Korea's, Gangnam, glitzy, Seoul, Korea, Seoul —

☆ One of two giant rubber ducks in Hong Kong harbour deflates
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

[1/3] One of the inflatable yellow ducks created by Dutch artist Florentijn Hofman is seen deflated at Victoria Harbour in Hong Kong, China June 10, 2023. REUTERS/Tyrone SiuHONG KONG, June 10 (Reuters) - One of two giant rubber ducks anchored in Hong Kong's Victoria Harbour as part of an art installation by Dutch artist Florentijn Hofman deflated on Saturday, to the disappointment of residents coming to see them in scorching heat. I originally thought I could see two rubber ducks,” said Moon Lam, 72, who came to the harbour wearing rubber duck-themed t-shirt, face mask, earrings and socks. A single rubber duck first floated in Hong Kong in 2013. Maybe because it’s too hot in Hong Kong,” said Tiffany Chen, 28, a tourist from the northern neighbouring city of Shenzhen.

Persons: Florentijn Hofman, Tyrone Siu, “, ”, Moon Lam, Hofman, it’s, Tiffany Chen, Jessie Pang, Marius Zaharia Organizations: Harbour, REUTERS, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Hong, Victoria Harbour, Netherlands, France, Brazil, Shenzhen

☆ The story behind this playful rooftop portrait
▼ + stars: | 2023-06-09 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

Hong Kong’s humidity – already oppressive – was intensified in the dark, maze-like alleyways of an unruly enclave known as Kowloon Walled City. Greg Girard, courtesy of Blue Lotus GalleryA ‘strange, vertical village’Girard first visited Kowloon Walled City in 1986 while on a shoot at the nearby airport. As such, the Walled City remained technically subject to Chinese rule, though this was never enforced. The site of the Walled City has since been transformed into a public park, which opened in 1995. Ongoing interest in the Walled City is, Girard suggests, because of the spirit it encapsulates: the aptitude for survival even in the harshest of circumstances.

Persons: –, Greg Girard, wasn’t, ” Girard, ”, Girard, Greg Girard ., ’ Girard, “, Ian Lambot, Lambot, Girard — Organizations: CNN, Kai Tek International, Lotus Locations: Hong, Kowloon Walled City, Walled City, Walled, Tung, Hong Kong, British, ”, “, City, Girard

☆ Stock Market Today: S&P 500 Closes in Bull Market as Tech Stocks Lift Indexes
▼ + stars: | 2023-06-08 | by ( ) www.wsj.com time to read: +1 min

U.S. stocks rose, with the S&P entering a new bull market , as shares of big technology and consumer-discretionary companies led Thursday's rally. Major indexes have powered higher over the past few months, in large part due to a handful of megacap technology companies posting outsized gains. Many of the S&P 500 stocks up the most this year rose further Thursday. The S&P 500 added 0.6%, just above the level it needed to close at to mark the start of a bull market. Hong Kong’s Hang Seng rose 0.3% and Japan’s Nikkei 225 retreated 0.9%.

Persons: Tesla Organizations: Nvidia, Bureau of Labor Statistics, Federal Reserve, Nasdaq, Dow, GameStop, Treasury, Nikkei Locations: Iran, Islamic Republic, Europe

☆ The 10 least affordable places to live if you're an expat in 2023
▼ + stars: | 2023-06-08 | by ( Reena Koh | ) www.businessinsider.com time to read: +5 min

New York, Hong Kong, and Geneva are the top 3 unaffordable cities to live in if you're an expat in 2023. Read further for the 10 least affordable places to live if you're an expat in 2023, ranked from the most expensive to the least expensive. Alberto MazzaThe average monthly rent for a four-room apartment in Geneva's city center is about $4,600. GettyThe median monthly rent for a two-bedroom flat in London touched a high of $2,895 in December, according to CNBC. JaCZhou 2015/Getty ImagesThe average monthly rent for a four-room apartment in the city center of Zurich sits at around $4,200, per The Local.

Persons: —, Lee Quane, Read, Sharp, ANTHONY WALLACE, Alberto Mazza, LondonlovesBusiness, Justin Sullivan, Alexander Spatari, Marielle, Allan Baxter, Tokyo Kantei Organizations: Service, York, ECA, Big Apple, NBC, New York Times, Getty, expats, Bloomberg, CNBC, San Francisco Bay Area, Jerusalem Post, Central Bureau of Statistics, CBS, South Korea Skyline, South, Financial Times Locations: . New York, Hong Kong, Geneva, London, Singapore, New York, Asia, expat, Manhattan, expats, NBC New York, China Hong, Switzerland, Geneva's, Swiss, NurPhoto, Zurich, San Francisco, US, San Francisco Bay, Tel Aviv, Israel, Jerusalem, Seoul, South Korea, South Korean, —, Korean, Tokyo, Japan

☆ Stock Market Today: Dow Futures Hover, Oil Prices Fall
▼ + stars: | 2023-06-06 | by ( ) www.wsj.com time to read: +1 min

Stock futures are flitting between small gains and losses, while oil prices are slipping, unwinding gains that followed the OPEC+ meeting. A modest gain in regular trading would be enough to pull the S&P 500 out of its longest bear market since the 1940s. U.S. stock futures ebbed. Prices for bitcoin and other digital tokens had fallen Monday, after the SEC sued Binance, the world's largest crypto exchange. Hong Kong’s Hang Seng Index slipped 0.2% while the Shanghai Composite index fell 1.2%.

Persons: Dow, Brent, Binance Organizations: Dow industrials, Nasdaq, Organization of, Petroleum, SEC, Nikkei Locations: OPEC, Saudi Arabia, Europe, Shanghai

HONG KONG/TAIPEI, June 4 (Reuters) - Hong Kong police said on Sunday they had detained eight people near a park, four of them for "seditious intention and disorderly conduct", as authorities tightened security on the 34th anniversary of the 1989 Tiananmen Square crackdown. Restrictions in Hong Kong have stifled what were once the biggest vigils marking the bloody crackdown by Chinese troops on pro-democracy demonstrators, leaving cities like London, New York, Berlin and Taipei to keep alive the memory on the June 4 anniversary. The eight people were detained near Victoria Park, where for years after 1989 democracy activists gathered on the Tiananmen Square anniversary. Security is significantly tighter across Hong Kong this year, with up to 6,000 police officers deployed, including riot and anti-terrorism officers, the public broadcaster said. Jailed Hong Kong activist Chow Hang-tung, one of the leaders of a group called The Alliance, which used to organise Hong Kong's annual June 4 vigils before it was disbanded in 2021, said on Facebook she would hold a 34-hour hunger strike in prison.

Persons: Sanmu Chan, Hongkongers don’t, Hong, Chow, Mao Ning, William Lai, James Pomfret, Robert Birsel Organizations: Hong Kong, Reuters, Police, The, Hong, Facebook, Foreign, Democratic Progressive, Thomson Locations: HONG KONG, TAIPEI, Hong, Hong Kong, London , New York, Berlin, Taipei, North America, Europe, Asia, Victoria Park, China, Beijing, Taiwan

☆ New study pegs the median age of the world's billionaires at 67
▼ + stars: | 2023-05-31 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world's billionaires are over retirement age, according to a new study. The median age of the world's 3,194 billionaires is now 67 years old, data firm Altrata said in a report released Wednesday. The findings highlight the wide gap between the perception and reality of the world's billionaires. According to the report, the median age of the world's billionaires has actually increased slightly over the past five years. The U.S. still has the largest number of billionaires in the world by far, with 955, accounting for nearly one-third of the world's billionaires.

Persons: Elon Musk, Mark Zuckerberg, Altrata, Warren Buffett, Bernard Arnault, Imberg, it's, San Organizations: Hong Kong Locations: North America, Asia, Europe, U.S, China, New York, San Francisco, Moscow, London

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