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☆ Morgan Stanley a step closer to setting up futures company in China
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI/SINGAPORE, April 6 (Reuters) - Morgan Stanley (MS.N) said on Thursday it looks forward to setting up a futures company in China after the country's securities regulator accepted its application. China Securities Regulatory Commission (CSRC) accepted Morgan Stanley's application to open up a futures business in the world's second-largest economy on Monday, according to CSRC's website. A Morgan Stanley spokesperson said the bank "looks forward to establishing a futures company in China as we grow our domestic business footprint." Rival JPMorgan Chase & Co (JPM.N) became the first foreign bank that fully owns a futures company in China in 2020. Morgan Stanley would potentially become the second foreign bank to wholly own a futures business in China should its application get CSRC's approval.

The London Stock Exchange and British officials are ramping up efforts to build a robust pipeline of Chinese firms, trading on London's status as Europe's deepest capital market. Edwards said he thought London was "an obvious choice" for many Chinese companies "given the issues around the U.S.-China relationship." However, the China-Switzerland Connect - an eight-month-old rival scheme - is gaining more traction among Chinese companies, partly due to a relatively easier process. The London Stock Exchange is "actively looking at how they can address some of the issues," Edwards said. Edwards said officials have identified hundreds of Chinese companies that could potentially issue GDRs in London and "are actively approaching them at the moment."

Chinese start-ups and fund managers said they are still looking to move their money out of SVB once they can. Such banks have offered account services similar to those of SVB, but found it hard to crack the U.S. bank's dominance among early-stage start-ups in China, where SVB has operated for more than two decades and has a local joint venture. STILL HUNTINGSome venture funds said they were in a quandary as SVB had certain advantages and was especially friendly to early-stage start ups. "Not a lot of banks are friendly to venture capital." "But the market space left by SVB will be filled by the next bank, which is an opportunity," said Chen, whose company counts Sequoia Capital China and Wu Capital among its investors and banks with SVB.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Take Five: A manic March
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +5 min

Another dose of hot job growth after January's payrolls increase of 517,000 trounced estimates could stoke fears of more hawkish Fed action. Powell has said the January jobs report showed why the battle against inflation will "take quite a bit of time". Powell's comments and the jobs data could help settle what the Fed does later this month. The RBA hinted at further tightening at its meeting last month, but data since then has pointed the other way. After a red-hot January rally, bonds and equities retreated in February as strong data sparked concerns about more rate hikes.

☆ Ed Jackson: How a quadriplegic former rugby player conquered a Himalayan mountain
▼ + stars: | 2022-05-24 | by ( Issy Ronald Cnn Video Produced Amy Li | Issy Ronald | ) edition.cnn.com time to read: +8 min

You become a little bit delirious at times.”That night on the mountain was not the first time Jackson had strayed perilously close to death. Five years ago, while still a professional rugby union player, he dived into a shallow pool on a hot day and broke his neck. Then, to mark the one-year anniversary of his accident, Jackson set himself the goal of climbing Mount Snowdon – the highest mountain in Wales at 1,085 meters – even though he was still using two crutches at that time. Confronted by unfavorable snow conditions, Jackson and his team had to navigate difficult routes across the glacier, setting up camps as they went. He established the charity Millimeters to Mountains (M2M) with his wife, Lois, and friend and fellow former rugby player, Olly Barkley.

☆ Guvernul Indiei a ignorat avertismentele legate de iminența dezastrului: „Noua variantă Covid a fost ca o bombă cu ceas”
▼ + stars: | 2021-05-01 | by ( ) www.jurnal.md time to read: +7 min

Ministerul nu a acționat, însă, ci a așteptat două săptămâni înainte de a face publice descoperirile, însă a eliminat cuvintele „extrem de îngrijorătoare” din comunicatul final. „Dovezile științifice nu au fost luate în considerare atunci când au fost elaborate politici publice. Noi, cercetătorii suntem aici să furnizăm dovezi științifice, stabilirea politicilor publice este treaba guvernului”, a spus șeful INSACOG, Shahid Jameel. Guvernul a permis, de asemenea, organizarea de festivale religioase la care au aprticipat milioane de hinduși. „Noua variantă a fost ca o bombă cu ceas, mai ales că potențialul ei de răspândire este imens”, a spus directorul unui institute de genetică care a studiat eșantioane de virus din regiunea Punjab.

Persons: Narendra, Reuters, INSACOG, V . K . Paul Organizations: Indiei, Organizația Mondială a Sănătății Locations: India, New Delhi, Maharashtra, Punjab, sfâșietoare

☆ Grecia prelungeşte lockdown-ul până la 10 ianuarie
▼ + stars: | 2021-01-02 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Prevăzute iniţial să li se pună capăt în 7 ianuarie, "măsurile restrictive vor începe duminică şi vor dura până la 10 ianuarie din motive preventive", a anunţat purtătorul de cuvânt al guvernului grec Stelios Petsas, în cursul unui mesaj radiotelevizat. Obiectivul este ca şcolile să se poată redeschide la 11 ianuarie, a subliniat el. Situaţia epidemiologică a ţării "va fi evaluată din nou în cursul celei de-a doua săptămâni a lunii ianuarie înainte de anunţarea noilor recomandări privind activitatea economică şi socială", a adăugat purtătorul de cuvânt, scrie agerpres.ro. Totuşi, în ajunul Crăciunului, guvernul a flexibilizat aceste măsuri în a doua săptămână a lunii decembrie, autorizând deschiderea saloanelor de înfrumuseţare, a bisericilor, cu participarea unui număr limitat de credincioşi, şi a unor magazine, cu serviciul "Click & Collect". Grecia înregistrează 4.881 de decese din cauza COVID-19 şi 139.447 cazuri de contaminare la o populaţie de 10,7 milioane de locuitori.

Persons: Stelios, Situaţia, Neurochirurgul, Andreas Poulas Locations: şcolile, Grecia, UE, Atena

☆ Iurie Bolboceanu: Am trecut printr-un măcel politico-criminal
▼ + stars: | 2020-12-29 | by ( ) www.ipn.md time to read: +2 min

Iurie Bolboceanu: Am trecut printr-un măcel politico-criminalIurie Bolboceanu, ex-deputat al Parlamentului Republicii Moldova, condamnat pentru trădare de patrie în 2017 și, recent achitat, spune că a trecut „printr-un măcel politico-criminal”. „Astăzi am fost eu, mâine nimeni nu garantează că nu va fi altul sau mulți alții”, a declarat Iurie Bolboceanu, într-o conferință de presă la IPN. La 16 octombrie anul curent, instanța de judecată a luat o decizie achitare și reabilitare în privința sa. Iurie Bolboceanu crede că, deși sunt semnale pozitive, mai este foarte mult de muncit în reformarea organelor statului, pentru că anume ele sunt cele care generează „aceste tragedii, care generează dosare la comandă, dosare politice”. Potrivit lui Iurie Bolboceanu, încă sunt foarte mulți oameni nevinovați care stau la pușcărie.

Persons: Iurie Bolboceanu, Vlad Plahotniuc Organizations: Partidul Democrat Locations: Republicii Moldova, Republica Moldova, Moldova

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