Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "nurphoto"


25 mentions found


"Flying the plane, here to Toronto," Meulens says as he gestures toward a pilot sitting beside him. Carlton said that United Airlines removed the pilots from service during the investigation. United Airlines and the FAA are yet to respond to Business Insider's request for comment, sent outside of regular working hours. On March 4, United Flight 1118 from Houston to Texas was forced to turn around after one of the plane's engines caught fire after take-off. A post-flight inspection revealed that United Flight 433 from San Francisco to Oregon on 15 March had lost an external panel.
Persons: , Hensley Meulens, Meulens, Russell Carlton, Carlton, Chris Mullooly, Mullooly, Bud Black, Black Organizations: Service, Colorado Rockies, United Airlines, Federal Aviation Administration, FAA, Business, Rockies, The Denver Post, Airlines, Denver Post, United Airlines Boeing, Getty, United, Los Angeles International Airport, Boeing Locations: Denver, Toronto, Houston, Texas, San Francisco, Japan, Oregon
Fast food is getting more expensive, and Americans are annoyed about it. Diners told BI they're cutting back on how often they get fast food because of rising prices. AdvertisementBut cheaper fast food may be some way off. Experts say it could have a ripple effect on wages across the fast food industry nationwide, meaning that your favorite spots could become even pricier. The main reason Rodriguez gets fast food is the taste, he said.
Persons: , Sara Senatore, Dunkin, Warren Colehour, Chad Frye, Artur Widak, Frye, Martin Jennings, it's, Chipotle, James R, Martin, Ben Heyworth, Burger King, He's, Del, Richard McConnell, Ricardo Rodriguez, Rodriguez Organizations: Service, Bank of America, McDonald's USA, Getty, Subway, Consumers, McDonald's Locations: Ukraine, McDonald's, Kentucky, California, Florida, Olive, Burger, Oregon
This is because climate politics looks different in the developing world; it will shape Indian elections in definitive but under-the-radar ways. Similarly, stump speeches throughout this campaign season have not featured climate change as a central issue. The headwinds of climate change are absorbed by the electoral machine and emerge as end-of-tailpipe policies rather than grand climate strategy. This pattern of climate politics is reinforced by seemingly low recognition in India of climate change as a problem. The climate impacts buffeting the most populous nation on earth aren’t just a domestic issue — they’re an international one.
Persons: Aditya Valiathan Pillai Nadeem Z, Aditya Valiathan Pillai, Read, New Delhi CNN —, Amarjeet Kumar Singh, Kabir Jhangiani, Narendra Modi, Stump, Pawan Sharma, Tamanna Dalal Organizations: New, New Delhi CNN, Anadolu Agency, Getty, Bharatiya Janata Party, BJP Locations: New Delhi, India, Bangalore, Silicon, Karnataka, Mumbai, Delhi, sunburnt, Uttar Pradesh, China, Australia, Agra, Maharashtra, North Bengal, Bengal
Charlie Perez | Nurphoto | Getty ImagesHow it worksHyperShield serves as a "shield for security," Patel said, explaining that it takes security directly to the things that need to be secured. It allows Cisco's AI to divide a computer network into smaller parts to improve performance and security. Designed with AI in mindPatel said Cisco's HyperShield technology was designed with a new world of digital AI assistants – like ChatGPT, Google Gemini, and other advanced tools – in mind. "We're moving from a world of scarcity to a world of abundance, with digital AI assistants for everything," Patel told CNBC. Stock Chart Icon Stock chart icon Cisco share price performance year-over-year, compared with the performance of the Nasdaq Composite over the same period.
Persons: Charlie Perez, HyperShield, Patel, , it's Organizations: Cisco, Mobile, Nurphoto, Google, CNBC, Nasdaq Locations: Barcelona, Spain
That’s what happened to Alyssa Kopp and her mother Mary Gomes Kopp when their cat Rodri went missing on a flight in Europe on March 8. ‘She was so grateful’Alyssa Kopp and her mother Mary Gomes Kopp rescue stray animals on Crete. Gomes Kopp and her husband, Alyssa’s stepfather, are German but have a home on the Greek island of Crete. They had been adopted by a German family, and Gomes Kopp had offered to bring them over. Gomes Kopp was allowed into an aircraft loading area one time, but has not been allowed back since.
Persons: CNN —, they’ve, Alyssa Kopp, Mary Gomes Kopp, Rodri, Gomes Kopp, Alyssa’s, , Kopp, , it’d, ” Rodri, Alyssa, Alyssa Kopp Rodri, we’d, ” Kopp, , , Nicolas Economou, Goldair, ‘ Rodri, ’ Gomes Kopp, “ It’s Organizations: CNN, Aegean Airlines, Rodri, Airlines, Staff, Athens International, Iberia, Naia, Tenerife Locations: Europe, Aegean, Crete, It’s, Germany, Munich, Chania, Athens, , , Greece, Iberia, Spain, Madrid
Read previewJust weeks before Iran launched an unprecedented attack on Israel, it practiced blowing up an Israeli airbase housing F-35 fighter jets with ballistic missiles. Iran and its proxy militias attacked Israel on Saturday with more than 300 one-way attack drones, cruise missiles, and ballistic missiles. Iran made no secret of its intention to attack an Israeli F-35 base prior to Saturday's barrage. It claimed that the IRGC "successfully" hit the mock targets with "Emad" and "Qadr" ballistic missiles that had modified structures and improved warheads. Both missiles are variants of Iran's Shahab-3 medium-range ballistic missile, according to the Center for Strategic and International Studies think tank.
Persons: , Daniel Hagari, Benjamin Netanyahu, Morteza Nikoubazl, Shahab, Coningham Organizations: Service, Business, Israel Defense Forces, Israeli, Force, Nevatim Airbase, AF, Islamic Revolutionary Guard Corps, Tasnim News Agency, Quds, Getty Images, Center for Strategic, International Studies, Royal United Services Institute, Israeli Air Force Locations: Iran, Israel, Nevatim, Israeli, Palmachim, Tel Aviv, Tehran, Jerusalem, Iranian, Syria
El Al plane is seen at the Ben Gurion International Airport in Tel Aviv on December 31, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Airspace closures through the Middle East grounded and diverted flights on Saturday as Iran launched drones toward Israel. United Airlines , which resumed service to Tel Aviv early last month after suspending Israel flights after the Hamas attacks in October, called off its Newark to Tel Aviv flight on Saturday after Israel closed its airspace. American Airlines has not resumed Israel service. Flight-tracking site Flightradar24 said multiple flights bound for Tel Aviv and Amman had diverted on Saturday.
Persons: Jakub Porzycki, Delta, Flightradar24 Organizations: El, Ben Gurion International, Getty, United Airlines, Israel, American Airlines, Washington Dulles International Locations: Tel Aviv, Iran, Israel, United, Newark, Jordan, Iraq, Jordanian, Amman
Under Modi, India has become the world’s fastest growing major economy, pushing the country of 1.4 billion people to near-superpower status. Here’s what you need to know about the largest election in human history:How does India vote? Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. Congress senior party leader Rahul Gandhi during the release of the party manifesto on April 5, 2024 in New Delhi. The ruling BJP’s symbol is a lotus, while the Congress party is a raised, open-palmed hand.
Persons: Narendra Modi, Modi, Noah Seelam, Rahul Gandhi, Arvind Kejriwal, Congress ’ Mamata Banerjee, Muthuvel Karunanidhi Stalin, Himanshu Sharma, Modi’s, Kejriwal, Sanjeev Verma, Nasir Kachroo, Biju Boro Organizations: CNN, Bharatiya Janata Party, BJP, European Union, Getty, Indian National Congress, Congress, Developmental Inclusive Alliance, Aam Aadmi Party, Delhi, West, All India, Modi, Hindustan Times, Minorities, Analysts, Bahujan Samaj Party, Farmers, for Media Studies Locations: India, United States, Russia, Lok, Hyderabad, AFP, INDIA, West Bengal, Tamil, Pushkar, Delhi, New Delhi, Ayodhya, Agriculture, Himachal Pradesh, China, Lohore Sapori, Assam
Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.
Persons: , Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, , Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris
Ukraine has identified 100 Patriots that it believes its allies can spare, its foreign minister said. AdvertisementUkraine's foreign minister said his team had identified more than 100 Patriot air-defense systems that its allies could spare, as the country struggles with munition shortages against Russian attacks. Ukraine has between three and five Patriot systems; the exact number and location of their deployment have been kept secret. Related storiesUkrainian President Volodymyr Zelenskyy said earlier this month that Ukraine needs 25 Patriot systems with between six and eight batteries each to protect the country fully. AdvertisementThe Post reported that Zelenskyy told Kuleba to focus on persuading countries with spare Patriot systems to transfer them to Ukraine.
Persons: Dmytro Kuleba, , Volodymyr Zelenskyy, Zelenskyy, Kuleba, Anthony Sweeney, US Army Kuleba, Josep Borrell, Borrell Organizations: Patriots, Service, Washington Post, Patriot, US Army, Congress, U.S, Army, Post, Getty Locations: Ukraine, Greece, Russia, Zaporizhzhia, NATO, Brussels
American drones aren't performing as well as those from other countries, like China's, in Ukraine. AdvertisementThe drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Many said that details on the program were unclear, especially with Chinese dominance in the small drone industry.
Persons: , haven't, Adam Bry, that's, Replicator Organizations: Wall Street Journal, Service, Wall Street, Getty, Pentagon, Defense Locations: Ukraine, American, Russia, Ukrainian, Zaporizhzhia, Russian
AI Agents The launch of "AI Agents" demonstrated the real-world applications of Alphabet's generative AI advancements — a key box that investors want to see checked in the search for money-making opportunities . These applications are clearly the next phase of the generative AI revolution beyond the development of LLMs and deployment of general-purpose chatbots. So, too, will their customers that harness the power of the AI agents to better serve their own clients, increase employee productivity, and drive corporate efficiencies. Updates to Vertex AI Alphabet updated Vertex AI — its platform for building and deploying AI models — to include an agent-building feature. That essentially allows businesses to create customized AI agents on top of Gemini models.
Persons: , We'd, Long, catchup, Thomas Kurian, chipmaker, Kurian, it's, Blackwell, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Google, Microsoft, Nvidia, Amazon Web Services, Intel, Devices, AMD, Google Cloud, CNBC, Nurphoto, Getty Locations: Gliwice, Poland
But J&J's drug is walking away with a notable edge over its rival. They add more options to a growing arsenal of treatments that have helped improve outcomes for people with multiple myeloma. But the new approvals also give J&J's therapy, which was developed with Legend Biotech, a clear advantage over Bristol Myers's drug. J&J's drug has gradually gained ground over Abecma in the CAR-T market for multiple myeloma, even though it first entered the market a year later. With the new approval on Friday, Jefferies' Shi expects J&J's drug to win the majority of that market share.
Persons: Jonathan Raa, Johnson, Myers's, Bristol Myers, Jefferies, Kelly Shi, Shi, Carvykti, Cantor Fitzgerald, Rick Bienkowski, Kelsey Goodwin, Annika, annikakim.constantino@nbcuni.com Organizations: Nurphoto, Bristol Myers Squibb, Johnson, Food and Drug Administration, FDA, Legend Biotech, Bristol, New York Stock Exchange, NYSE, Reuters, Mount Sinai Hospital, Getty Locations: Bristol, U.S, EU, Japan, Mount Sinai, New York City
European Commission President Ursula von der Leyen speaks during a press conference, Nurphoto | Getty ImagesEuropean Commission chief Ursula von der Leyen on Tuesday said that Europe must talk tough with China on its perceived unfair trade practices, echoing calls a day earlier from U.S. Treasury Secretary Janet Yellen. Speaking ahead of German Chancellor Olaf Scholz's trip to Beijing later this week, von der Leyen said European companies should have the same market access in China as Chinese firms have in Europe, according to comments cited by Reuters. She also urged the German leader to take a hard stance with Chinese authorities about overcapacity and unfair competitive practices. Chinese overcapacity concernsChinese overcapacity has become a major point of diplomatic tension, with the U.S. and its allies contesting that excess production and subsidized goods from China are undercutting domestic businesses. It also contests that the U.S. — through initiatives such as the Inflation Reduction Act — is subsidizing its own manufacturing industry.
Persons: Ursula von der Leyen, Janet Yellen, Olaf Scholz's, von der Leyen, Yellen, CNBC's Sara Eisen, Commerce Wang Wentao Organizations: Getty, European Commission, Treasury, Reuters, Monday, CNBC, U.S, China's, Commerce Locations: Europe, China, U.S, Beijing
Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.
Persons: , Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies
Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.
Persons: , Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia
CNN —For many people, the upcoming total solar eclipse is a joyous and celebratory occasion. But in other cultures and faith traditions, an eclipse is less spectacle and more spiritual. Having drunk the nectar, Rahu becomes immortal while Ketu dies. Some Christians believe it signals the second coming of ChristPeople visit the Bald Knob Cross near Alto Pass, Illinois, on August 19, 2017 ahead of a total solar eclipse. The New Testament of the Bible contains several mentions of the sky darkening while Jesus was hung on the cross, which some believers associate with a solar eclipse.
Persons: Sanjay Kanojia, Sangeetha Kowsik, Kowsik, Vishnu, Mohini, Ketu, Rahu, Hanuman, ” Kowsik, Ganesha, Lord Hanuman, Fachrul Reza, NurPhoto, Akif Aydin, Muhammad’s, Ibrahim, Aydin, , Prophet Muhammad, , Scott Olson, Jesus Christ, Jesus, Matthew, , “ Eli, Eli, lema, Joel, Andrea L, Robinson, Brian van der, Evelyn Bahe, ” Bahe, Bahe, Institute’s Nancy C, Maryboy, David Begay, Kristin Fisher Organizations: CNN, Getty, New York University, Atlantic Institute SC, Christ People, Christianity, , Los Angeles Times, Department of Diné, Sun, Institute’s Locations: Mexico, Canada, Prayagraj, Yamuna, AFP, South India, Lhokseumawe, Indonesia, South Carolina, Alto Pass , Illinois, American, America, it’s, Navajo, Rock , Arizona
CNN —A rift between Mexico and Ecuador is growing, with a series of diplomatic provocations this week that culminated in Ecuador rejecting Mexico’s ambassador to the country, and Mexico announcing that it would offer asylum to a wanted Ecuadorean politician. Mexican Ambassador Raquel Serur Smeke was declared “persona non grata” in Ecuador on Thursday after Mexico’s President Andres Manuel Lopez Obrador appeared to criticize Ecuador’s recent elections. Ecuador’s 2023 run-off vote took place in a “very strange” manner, Lopez Obrador said, suggesting that presidential candidates used the media, candidate Fernando Villavicencio’s assassination, and overall violence in their favor while campaigning. In a statement posted on X, Ecuador’s Foreign Ministry called Lopez Obrador’s comments “unfortunate” and said the country is still mourning Villavicencio’s assassination. It also reiterated its focus on ensuring “respect for the dignity and sovereignty of the Ecuadorian State” and “non-intervention in the internal affairs of other States.”President Andres Manuel Lopez Obrador is speaking at the morning conference in front of reporters at the National Palace in Mexico City, Mexico, on April 3, 2024.
Persons: Raquel Serur Smeke, Andres Manuel Lopez Obrador, Ecuador’s, Lopez Obrador, Fernando Villavicencio’s, Lopez, Villavicencio’s, Solrac Santiago, Jorge David Glas Espinel, Gabriela Sommerfield, ” Glas, Rafael Correa, Glas Organizations: CNN, Ministry, Ecuadorian State, Mexican Foreign Ministry, Ecuador’s, Reuters Locations: Mexico, Ecuador, Mexican, Mexico City, Quito
Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."
Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York
The firm said it has been registered in Ontario as a restricted dealer under the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators. The crypto exchange said that this authorization means the company now meets the Canadian regulators' strict requirements for crypto assets dealings and can operate legally in the country. The policy changes led Binance, the world's largest crypto exchange by trading volumes, to quit its activity in Canada, saying it was "no longer tenable" to operate there. Rival crypto exchange Kraken said last year that it had filed a pre-registration undertaking (PRU) with the Ontario Securities Commission, effectively starting the process to become a registered dealer in Canada. The company says it is the first international crypto exchange to receive restricted dealer registration in Canada.
Persons: Coinbase, Kraken Organizations: Getty, CNBC, Canadian Securities Administrators, Ontario Securities Commission Locations: Suqian, Jiangsu Province, China, Canada, U.S, Ontario
One thing that is definitely not "cool," it seems, is having a green text bubble. In the filing, it says people without Apple devices often feel a "social stigma, exclusion, and blame for 'breaking' chats where other participants own iPhones." "Brands that have a really well-established image, Apple's cool image, for instance, that they worked on to establish over the years — consumers really see that as a legitimate signal of their own coolness to themselves and other people." Consumers really care about using products and brands to express who they are to themselves and the world around them. And if you've ever watched "Ted Lasso" or anything else on Apple TV+, you've perhaps noticed iPhones and Apple products are ubiquitous.
Persons: Apple, Steve Jobs, you've, Ted Lasso, Louis Vuitton, Joseph Nunes, they're, They're, Joshua Clarkson, Nunes, that's, doesn't, Ordabayeva, Emily Stewart Organizations: Apple, Justice Department, Dartmouth's Tuck School of Business, Brands, Samsung, Google, Motorola, USC Marshall School of Business, University of Cincinnati, Consumers, Business Locations: New Jersey, Cupertino , California, iMessage
One thing that is definitely not "cool," it seems, is having a green text bubble. In the filing, it says people without Apple devices often feel a "social stigma, exclusion, and blame for 'breaking' chats where other participants own iPhones." "Brands that have a really well-established image, Apple's cool image, for instance, that they worked on to establish over the years — consumers really see that as a legitimate signal of their own coolness to themselves and other people." Consumers really care about using products and brands to express who they are to themselves and the world around them. And if you've ever watched "Ted Lasso" or anything else on Apple TV+, you've perhaps noticed iPhones and Apple products are ubiquitous.
Persons: Apple, Steve Jobs, you've, Ted Lasso, Louis Vuitton, Joseph Nunes, they're, They're, Joshua Clarkson, Nunes, that's, doesn't, Ordabayeva, Emily Stewart Organizations: Apple, Justice Department, Dartmouth's Tuck School of Business, Brands, Samsung, Google, Motorola, USC Marshall School of Business, University of Cincinnati, Consumers, Business Locations: New Jersey, Cupertino , California, iMessage
CNN —A deadly Israeli attack that killed seven aid workers from the non-profit World Central Kitchen (WCK) in Gaza on Monday appears to have consisted of multiple precision strikes, a CNN analysis of aftermath videos and images found. The first vehicle, which appeared to have suffered extensive fire damage, was geolocated on Al Rashid street just outside Deir al Balah. The first vehicle, which appeared to have suffered extensive fire damage, was geolocated on Al Rashid street just outside Deir al Balah. Explosive weapons expert Chris Cobb-Smith told CNN on Tuesday that the strikes appeared to have been carried out by an Israeli drone. CNN geolocated the third car, seen with its roof blown apart, to an open field 1.6 km from the second car.
Persons: WCK, Al, Deir al Balah, Al Rashid, Benjamin Netanyahu, Israel, , Herzi Halevi, ” Halevi, Chris Cobb, Smith, Cobb, Patrick Senft, Senft Organizations: CNN, United Nations Office, Humanitarian Affairs, Getty, British, Israeli UAV, Armament Research Services, ” CNN, Israeli, Haaretz Locations: Gaza, Deir al, Al Rashid, Al, Deir al Balah, AFP, United States, Israeli
A customer is paying attention to the Chinese stock market at a stock exchange in Hangzhou, China, on January 22, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesAsia-Pacific stocks declined Wednesday after a mixed session, with markets watching for moves in electric vehicle makers. Tesla's first-quarter vehicle deliveries dropped 8.5% from a year ago, sending shares of the U.S. EV maker down 5%. Japan's Nikkei 225 is down over 1.3% on its open, with the broad based Topix 0.82% lower. Futures for Hong Kong's Hang Seng index stood at 16,907, pointing to a marginally lower open after the index ended more than 2% higher at 16,931.52.
Persons: Tesla's, BYD, Kospi Organizations: Getty, Nurphoto, U.S, U.S . Federal Reserve, Japan's Nikkei Locations: Hangzhou, China, Asia, Pacific, Australia
"A fundamentally overbuilt real estate industry needs to be addressed — and quickly," he said in the report, which counts Changchun Hua, KKR's chief economist for Greater China, among the co-authors. Real estate and related sectors once accounted for about one fifth or more of China's economy, depending on the breadth of analysts' calculations. Based on comparisons to housing corrections in the U.S., Japan and Spain, China's "housing market correction may be just halfway complete" in terms of its depth, the KKR report said. watch nowWhile KKR's report didn't provide much detail on expectations for specific real estate policy, the authors said more action by Beijing to improve China's real estate sector "could materially shift investor perception." Chinese officials have said the real estate sector remains in a period of adjustment, while Beijing shifts its emphasis toward manufacturing and what it considers "high-quality development."
Persons: Henry H, McVey, " McVey, Hong, Nomura Organizations: West Coast New, Nurphoto, Getty, BEIJING, KKR, Authorities, Housing Locations: West, Qingdao, East China's Shandong, China, Changchun Hua, Greater China, U.S, Japan, Spain, Beijing, China's
Total: 25