29 Burst results for "Hong Kong Stock Exchange"

Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong

Marketplace Morning Report with David Brancaccio

01:44 min | 2 weeks ago

Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong

"Of chinese internet giant by do edged up eight tenths of a percent in its secondary listing today on the hong kong stock exchange. The gains paled in comparison to one's by other chinese tech giants including quite show which surged more than one hundred ninety percent last month. Such listings have been dubbed homecomings for chinese companies that also trade on us stock exchanges. David quoque cofounder of the smart investor explains why investors gave by do such a muted perception in hong kong. Why is by to even going to hong kong in the first place. It's already got twenty four billion in the bank. So why is it going to hong kong just to raise three billion. us dollars. And that i think is the question that investors asking. It's not the only technology stocks that has seen sort of a lackluster performance. I think jd dot com saw a bigger rise than by did today but still not anywhere near what were used to sing in public offerings. Do you think this is a problem of an oversaturated market of these so-called homecomings for chinese companies. I think it's also partly because investors have got their eyes on possible interest rate rises and consequently they are saying that technology companies are not really sort of the place to be right now ultimately when you have a look at some of these technology companies particularly the ones that already have a primary listing in america. They are coming home to hong kong and part of that. Reason is because they are very concerned about the frosty relationship between america and china and if that frosty relationship turns into a big freeze then of course they want to have some way in which they can. Select listing where they can attract chinese investors. David co founder of the smart investor in singapore. Thanks for breaking this down

Hong Kong David Quoque America David Co China Singapore
"hong kong stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:24 min | 2 weeks ago

"hong kong stock exchange" Discussed on Bloomberg Radio New York

"Let's bring back Bloomberg's Brian Curtis. We just take a look at equity markets across the region. Pretty much green numbers. You've got a couple of markets. It just opened a few moments ago. The Tai X in Taiwan up about 6/10 of 1%. Singapore market is trading flat here in the early part of training and footsie, China a fifties up about a half of 1% will get Hang Seng Index futures And about 13 or 14 minutes. The contract last traded with gains of a half a percent terms. The cash markets, the Nikkei powering up a half a percent recovering from the steep selloff yesterday that was tied to BOJ and some of its new provisions from late last week. Seems that markets kind of moving past that now. Yes, Sex. 200 is up about 4/10 of 1%, because we had been a much higher but is trading just slightly up now, with a gain of one point at 3000 and 37. You do have a big day coming up in Hong Kong, with by do starting to trade on its a second listing and also the video streaming platform. Billy Billy is looking to raise as much as $3.2 billion in a in a second listing. That stock would start to trade on March 29th Billy Billy is selling 25 million shares in the offering here and would be the next one after JD dot com to set up a second listing here. Only and at the moment one Oh 8 85 that a lot of weakness in the Kiwi dollar today to some new measures on housing broken out by the government in New Zealand. The Kiwi now 71.1 us sense down 9/10 of 1%, the Ozzie. 77.3 us since Kathleen Well, Brian, I'm sure you're familiar with Joe Biden on the campaign trail at the White House, saying build back better after the pandemic will now his White House team and with him in the lead, considering as much as $3 trillion worth of measures to include in the next long term economic plan. Infrastructure climate change have long been described as key efforts in this program. In fact, we're told the by administration is lying about $400 billion for so called green spending. The longer term proposals will also feature major revenue raising effort along the lines of tax the rich. In fact, Bloomberg's Or Davison told US tax sites on the wealthy will be a very big part of this. But the first thing that we're expecting to see is increasing that corporate tax rate and we saw a big cut in that under trump down to 21% visors, looking at bringing that up to 28% who really see stock market sex there, you don't have big corporations. But at the same time, he's also looking at individuals and raising the rates that were cut under Trump for for individual taxpayers, But it's not only Your average earner. You know who's earning $400,000 a year but also a lot of small business owners pay taxes through the individual side of the tax code versus the corporate side. You would see a tax increase on Yo Loc s l O P E is as well there Economic plan will also feature education and health care initiatives. And again these attacks is on wealthier Americans are being done to pay from these very important measures were told the pros proposal, in fact, will be presented to President Biden this week. Chinese search engine Baidu is debuting today and the Hong Kong Stock Exchange has mentioned. Bloomberg's Tom Mackenzie tells us how strong demand is. Being pretty solid they've had, and they've been oversubscribed by about 110 times for this secondary listening in Hong Kong. They've raised about $3.1 billion that shares over in Hong Kong a price that 252 Hong Kong dollars apiece and already in the gray market. You've seen some upside gains there of about 2%. If successful by dues, I Po could attract more U. S. Listed Chinese Internet companies to consider the so called homecoming listings by day will start trading at 9 30 in the morning. Hong Kong time. So coming up in the next 25 minutes 9:30 P.m. on Wall Street, Kathleen It was so much focus on the virus. Many Asian countries still fighting it pretty hard. The WH Ose lead technical doctor is commending a group of Asian countries today in their efforts to contain Covad 19 Ed Baxter in our 9 60 San Francisco newsroom has this'll story and more head. Yeah, you're exactly right. Kathleen. Dr Maria Van Kirk hold says many have actually controlled that is Asian, Asian look at countries.

Trump Joe Biden Brian Curtis Tom Mackenzie New Zealand Hong Kong March 29th Maria Van Kirk Taiwan Kathleen Well Kathleen 21% Bloomberg 3000 37 Hong Kong Stock Exchange Brian one point JD dot com yesterday
"hong kong stock exchange" Discussed on Biz Talk Radio

Biz Talk Radio

06:06 min | 4 months ago

"hong kong stock exchange" Discussed on Biz Talk Radio

"You can keep one The trusted confident and you would need that majority of keys in order to spend it. So you're you get both redundancy there and additional security And that's just something you can't do with gold. You can't do that with precious metals. That's a really good 0.2 on the on the multi sing there. I was talking to Parker Lewis the other day and he was explained multi sick to me because I really don't understand, but that really seems like a great technology to me. I mean, you know you're you're could have it and separate places. You would separate people, you know, And then you're covered with that Bitcoin is not only more portable. I think it's more secure. I've wondered, And maybe you I don't. I don't think you have firsthand knowledge on this, but in a situation like Hong Kong right now. You know where the Chinese government is, basis has come in and they're taking over the country, and there's a lot of people of wealth there. Is that a situation where you think people are like converting there? Because I had a hard time getting cash out of the country? I'm sure you think that that's the kind of situation where Bitcoin would be the perfect answer to a problem. So there's three competing assets here as the classes along with big ones. So you have precious metals. You have gold and silver. You have stocks and the Hong Kong Stock Exchange. And you have real estate in Hong Kong proper some of the most valuable real estate in the world Before everything happened, You know real estates, and people don't talk about as much present major store value globally, and it does definitely compete with precious metals stocks. And Jake one. So those three other assets classes when all of this happened, it became very hard for anyone to move their wealth out of Hong Kong. If he had Bitcoin. You could either if you could get out yourself, you can. You can get out while hiding hiding your big Twinkies. And it be very hard Tol that you were doing that when you're crossing the border. You could also send it to a friend through the Internet or a family member that's located outside of Hong Kong, and then hopefully meet up with them afterwards. Right and rendezvous. The major issue is the reason those other assets are easy to get seized are easy to stop you from Moving them out of Hong Kong in that kind of situation is exactly why it'll be hard to buy Bitcoin. In that situation. A Zey clamped down on all of those known assets. So so For Big Quinn to protect you in that type of situation. You really need to have it first. You need to have it first. You need to be ready already holding your Bitcoin knowing how to use it before that type of situation happens. Um, hopefully what I'd like to see is as big Quinn gets becomes more Adopted and becomes more used Governments. Authoritarian governments, like the Chinese government will be less likely to act in these type of ways because they just won't be able. They will know ahead of time they can't enforce it. So they can't enforce that. Maybe they don't do make the move in the first place. It's a good point. No, Matt, we're gonna have to end the show here unless you go before we do, though. How can people follow you? And is there anything you want to share with our audience that I may not have gone over Because we didn't? We didn't get into you personally too much here. Well, I do a weekly, a weekly podcast show to boomers that's like a radio show against that scored on tails. It's called tales from the crypt. You search for it in a podcast. Half All of my links are at mad, Odell calm. So if you if you want to buy a resource is there to learn more about Bitcoin. I have the different projects. I'm working on it all there a matter dell dot com and I will be a carries. I'm looking forward to Gary's Conference. A to the end of August, the block bloom and some of us viewers know what a podcast is. You don't need to say like a radiation. I think e think most people know what that is. Now. There's Matt. I appreciate you coming on the show, because I know it was short notice. And everybody I really truly can say this. You need to listen to rabbit Hole. Recap tales from the crypt. I listen every episode I listen to some episodes of tales from the crypt, but every episode Rabbit hole. Recap Thanks for coming on the show. I really do appreciate it, Matt very much. Thanks, Carrie. Appreciate as well. And so that's mad. Odell. Great guy. Great show. I want you to see it. We're gonna try to get a question Real quick were around a little. I let Matt talk because I was enjoying listening to him. Travis. We got another question. I know what's your question? Let's see if we can get that in real quick. Yes, we got skipped from Florida. When covert is over, and conferences start back up. What are some of the better ones to go too well. I'm gonna answer that one Pretty quick. One of the best ones is once we've been talking about bit blocked boom, but it's also another one in Vegas and a spring put on my tone Vase. UN confiscate a ble. I went to it for the first time this year Great Conference conference. That's another Bitcoin conference. But those are only conferences I'm interested in. There's another conference in the spring called Bitcoin 2021. I think that would be in March or so. So. Bit block booms about 203 100 people on confiscated bols about 102 100 people, And if you want to go to a bigger conference, go to Bitcoin 2021. That's in L A and that'll be about 2000 people. So there's three good conferences for you to check out in the United States at least ways. You might want to check out the honey Badger Conference or Malta. Good conference is over in Europe. So those of the conferences I would recommend And thanks for your question to remember, if you do have a question, send it to Gary Leland. Very leland at gmail dot com and we'll try to get your question on this show. We usually get about two of them on every episode. I also want to tell.

Bitcoin Hong Kong Matt Gary Leland Hong Kong Stock Exchange Chinese government Odell Parker Lewis Quinn Europe rabbit Hole United States Jake Vegas Malta Carrie Florida Travis UN
"hong kong stock exchange" Discussed on Biz Talk Radio

Biz Talk Radio

07:38 min | 4 months ago

"hong kong stock exchange" Discussed on Biz Talk Radio

"At staples in store only 11 17 restrictions apply. See stores, so see the staples dot com slash 20 back for details. We We're rolling down this road in Anbar province. All of a sudden, there's a huge explosion way knew right away. It was an idea. Then we started taking sniper fire on RPGs from the hills. Today service women face the same combat dangers as men. It's pretty amazing. We made it out alive. But at home women veterans face different challenges. D A V understands this and fights to get women veterans, the health, disability and financial benefits. They were promised. Visit D, a v dot org's for free help. Welcome back to the big coin for Boomer show. I'm your host, Gary Leland live at the Biz TV studios and we're joined by Matt Odell from my mat. Get back on here, and I want to go back in that story. My friend who was a gold bug eyes talked about this before the break Hurricane came to Florida. He's telling us why we got to get out of Dodge. Out of Florida. And he went to his basement begin is silver and gold and realized he could not get all that out of there and these thing in his house during hurricane Because he didn't want to leave his savings. You know his life savings, I guess, basically to the whims of anyone who invaded his house after it was destroyed by the hurricane turned out not to destroy his house. Luckily, but you know, that is Thing about Bitcoin as a safe asset that gold or silver does not offer. Is portability. I mean, if you've got enough silver gold, especially silver You're gonna have to have a truck and take several loads of it. I mean, you're gonna kiss heavy were with Bitcoin. You're not in that situation. And you need to protect it, too. Yeah, you're making their target and transit. I mean, we look at right now. Gold's hitting new all time highs, but still it's like one big corn is about 5.5 ounces of gold, So when you start scaling up there, you're talking millions of dollars. If you're holding millions of dollars in Bitcoin versus gold, it is it is very difficult to transfer that golden. It's expensive, and it's time consuming. Um especially if you're in a situation where you could be in a hostile type of situation, right? Like if you're talking about people who are living in Venezuela, and they're trying to cross borders If you look at historically any time there were wars. It was just major wealth wealth, a razor events where, like people just lost their family's wealth that was built up for for hundreds of years or decades, or what, not because they were in a situation where they had to flee, and they couldn't flee with the money. The money was easily seized. With Bitcoin instead of that truck. You can just send it as easy as a text message. You can send it around the world for There. There are fees, but you know, in terms of transferring gold in comparison, the cost is way is way lower on top of that, when it comes to storage. You can store it Redundantly. So you can keep copies of the backup of the big coin in multiple locations. You can think you have two houses. You know you keep it in both houses. One house burns down. Something happens to it. You got another copy in another part of part of the world. You can also do this thing, and this is where we're really early, right? Because this this technology this aspect of Bitcoin call it multi steak is just becoming user friendly for people to use, but with multi sake You can actually Have multiple keys to your Bitcoin. Let's say you have five keys. You can make it. So you need three of those keys to spend the Bitcoin and you can keep those five keys in five different locations You could keep on with your lawyer. You can keep one The trusted confident and you would need that majority of keys in order to spend it. So you're you get both redundancy there and additional security And that's just something you can't do with gold. You can't do that with precious metals. That's a really good 0.2 on the on the multi sitting there. I was talking to Parker Lewis the other day and he was explained. Multi stick to me because I really don't understand, But that really seems like a great technology to me. I mean, you know you're you're could have it and separate places. You would separate people, you know, And then you're covered with that Bitcoin is not only more portable. I think it's more secure. I've wondered, And maybe you I doubt I don't think you have firsthand knowledge on this, but in a situation like Hong Kong right now. You know where the Chinese government is, basis has come in and they're taking over the country, and there's a lot of people of welfare. Is that a situation? Where you think people were like converting there because I have a hard time getting cash out of the country. I'm sure you think that's that. That's the kind of situation where Bitcoin would be the perfect answer to a problem. So there's three competing assets here. Asset classes along with big ones, So you have precious metals. You have gold and silver. You have stocks and the Hong Kong Stock Exchange. And you have real estate in Hong Kong proper some of the most valuable real estate in the world Before everything happened, You know real estates, and people don't talk about as much, but it's a major store value globally. And it does definitely compete with precious metals, stocks and big one. So those three other assets classes when all of this happened, it became very hard for anyone to move their wealth out of Hong Kong. Because he had Bitcoin. You could either if you could get out yourself, you can. You can get out while hiding hiding your big Twinkies. And it be very hard Tol that you were doing that when you're crossing the border. You could also send it to a friend of the Internet or family member that's located outside of Hong Kong, and then hopefully meet up with them afterwards. Right and rendezvous. The major issue is The reason those other assets are easy to get seized are easy to stop you from Moving them out of Hong Kong in that kind of situation is exactly why it'll be hard to buy Bitcoin In that situation. A zey clamped down on all of those known assets so so for for big going to protect you in that type of situation, you really need to have it first. You need to have it first, You need to be ready already holding your Bitcoin knowing how to use it before that type of situation happens. Hopefully What I'd like to see is as big Quinn gets becomes more Adopted and becomes more used Governments. Authoritarian governments, like the Chinese government will be less likely to act in these type of ways because they just won't be able. They will know ahead of time they can't enforce it. So they can't enforce that. Maybe they don't do make the move in the first place. It's a good point. No, Matt, we're gonna have to end the show here or let you go before we do, though. How can people follow you? And is there anything you want to share with our audience that I may not have gone over? Because we didn't? We didn't get into you personally too much here. Well, I do a weekly, a weekly podcast show to boomers that's like a radio show in search for it on tails..

Bitcoin Hong Kong Hurricane Hong Kong Stock Exchange Matt Odell Chinese government Florida Anbar Gold Boomer Venezuela Gary Leland Parker Lewis Quinn
"hong kong stock exchange" Discussed on Biz Talk Radio

Biz Talk Radio

06:07 min | 4 months ago

"hong kong stock exchange" Discussed on Biz Talk Radio

"You can keep one The trusted confident and you would need that majority of keys in order to spend it. So you're you get both redundancy there and additional security And that's just something you can't do with gold. You can't do that with precious metals. That's a really good 0.2 on the on the multi sing there. I was talking to Parker Lewis the other day and he was explained multi sick to me because I really didn't understand. But that really seems like a great technology to me. I mean, you know you're You could have it and separate places. You would separate people, you know, And then you're covered with that Bitcoin is not only more portable. I think it's more secure. I've wondered, And maybe you I don't. I don't think you have firsthand knowledge on this, but in a situation like Hong Kong right now. You know where the Chinese government is, basis has come in and they're taking over the country, and there's a lot of people of wealth there. Is that a situation Where you think people are like converting there because I had a hard time getting cash out of the country. I'm sure you think that's that. That's the kind of situation where Bitcoin would be the perfect answer to a problem. So there's three competing assets here. Uh, asset classes along with big ones. So you have precious metals. You have gold and silver. You have stocks and the Hong Kong Stock Exchange and you have real estate in Hong Kong proper. Some of the most valuable real estate in the world. Before everything happened, You know real estates and people don't talk about as much, but it's a major store value globally, and it does definitely compete with precious metals stocks. And pick one. So those three other assets classes when all of this happened. It became very hard for anyone to move their wealth out of Hong Kong. But if you had Bitcoin You could, either if you could get out yourself. You can get out while hiding. Hiding your Bitcoin teas. Um And it be very hard Tol that you were doing that when you're crossing the border. You could also send it to a friend through the Internet or a family member that's located outside of Hong Kong, and then hopefully meet up with them afterwards. Right and rendezvous. The major issue is the reason those other assets are easy to get seized are easy to stop you from Moving them out of Hong Kong. And that kind of situation is exactly why it'll be hard to buy Bitcoin In that situation. A zey clamped down on all of those known assets so so for for big going to protect you in that type of situation, you really need to have it first. You need to have a first You need to be ready already holding your Bitcoin knowing how to use it before that type of situation happens. Hopefully What I'd like to see is as big Quinn gets becomes more Adopted and becomes more used Governments. Authoritarian governments, like the Chinese government will be less likely to act in these type of ways because they just won't be able. They will know ahead of time they can't enforce it. So if they can't enforce that, maybe they don't do make the move in the first place. It's a good point. No, Matt, we're gonna have to end the show here unless you go before we do, though. How can people follow you? And is there anything you want to share with our audience that I may not have gone over? Because we didn't? We didn't get into you personally too much here. Well, I do a weekly, a weekly podcast show to boomers. That's like a radio show. I guess that's for it on tails. It's called tales from the crypt. You search for it in a podcast half All of my links are at mad, Odell calm. So if you if you want to buy resource is there to learn more about Bitcoin. I have the different projects. I'm working on it all their matter dell dot com and I will be a carries. Um, I'm looking forward to Gary's Conference. A t end of August, the block room and some of us But it was not a podcast is you don't need to say like a radiation. E think Most people know what that is. Now. There's Matt. I appreciate you coming on the show, because I know it was short notice and everybody Really truly can say this. You need to listen to rabbit Hole. Recap tales from the crypt. I listen every episode I listen to some episodes of tales from the crypt, but every episode of Rabbit Holy cat. Thanks for coming on the show. I really do appreciate it, Matt very much. Thanks, Carrie. Appreciate as well. And so that's mad. Odell. Great guy. Great show. I want you to see it. We're gonna try to get a question real quick. We're in a little while that Matt talk because I was enjoying listening to him. Travis. We got another question. I know what's her question? Let's see if we can get that in real quick. Yes, we got skipped from Florida when covert is over, and conferences start back up. What are some of the better ones to go to? Well, hi. Getting out so that one pretty quick One of the best ones is once we've been talking about bit blocked boom, But there's also another one in Vegas in the spring, put on my tone base. On confiscate a ble. I went to it for the first time this year Great Conference conference. It's another Bitcoin conference. But those are only conferences I'm interested in. There's another conference in the spring called Bitcoin 2021. I think that would be in March or so. So big block booms about 203 100. People on confiscated Mel's about 102 100 people. And if you want to go to a bigger conference, go to Bitcoin 2021. That's in L A and that'll be about 2000 people, So there's three good conferences. We need to check out in the United States at least ways. Then you might want to check out the honey Badger Conference or Malta. Some good conference is over in Europe. So those of the conferences I would recommend And thanks for your question to remember, if you do have a question, send it to Gary Leland. Very leland at gmail dot com and we'll try to get your question on this show. We usually get about two of them on every episode. I also want to tell.

Bitcoin Hong Kong Matt Gary Leland Hong Kong Stock Exchange Chinese government Odell Parker Lewis Europe United States rabbit Hole Quinn Vegas Mel Malta Carrie Florida Travis
"hong kong stock exchange" Discussed on KQED Radio

KQED Radio

02:25 min | 6 months ago

"hong kong stock exchange" Discussed on KQED Radio

"Trump won the state by eight points in 2016, but polls now show it could be a tasa in both places. The former vice president cast himself is representing the working class and said Trump was only looking out for the wealthy, well connected. Especially with the pandemic. There's nothing beyond the capacity of this nation when we stand together. It was time to stand up. Take back our democracy. Unite. Meanwhile, President Trump is back on the campaign trail, holding his first rally since being diagnosed with a Corona virus. And he chose Florida Polls show the president is behind in his campaign is feeling the pressure to make up ground fast. Franco Ordonez. NPR news This is NPR. Pope Francis met Monday with Australian Cardinal George Pell, the Vatican's former economy minister, following the cardinal's conviction later acquittal for sex abuse of minors. NPR's Sylvia Poggioli report spell returned to Rome as a Vatican is embroiled in financial scandal. In a rare move, the Vatican released a video clip of the pope, warmly welcoming the Australian Cardinal Pell arrived in Rome just days after the pope fired Cardinal Angelo Bet you compel, had accused of obstructing financial reform for many years bet who controlled the Vatican's multi million euro asset portfolio and donations of the faithful. And had clashed repeatedly with Pel last month. The pope fire bet you on charges of embezzlement. The Italian media has also reported allegations that bet you had paid bribes in Australia for testimony against Pel Pel has long claimed without evidence that his prosecution in Australia was linked to his efforts to clean up Vatican finances. Sylvia Poggioli. NPR News Roam The Atlanta Braves have taken the opening game of Major League Baseball's National League Championship. Siri's, They beat the Los Angeles Dodgers, 5 to 1 in Arlington, Texas, a game featured fans in the stands. For the first time this season. However, tickets were limited because of the pandemic in the American League. The Tampa Bay Rays have a two games to nothing lead over after beating the Houston Astros for two to on Monday. Creating of the Hong Kong Stock Exchange has been suspended because of a tie phone in the South China Sea. The city is on the third highest alert level. I'm Giles Snyder. And this is NPR news..

President Trump NPR Cardinal Angelo Bet Cardinal George Pell vice president Sylvia Poggioli Pope Francis Hong Kong Stock Exchange Rome Australia Tampa Bay Rays Franco Ordonez American League South China Sea Braves Giles Snyder embezzlement Houston Astros National League Championship
"hong kong stock exchange" Discussed on 90.3 KAZU

90.3 KAZU

02:26 min | 6 months ago

"hong kong stock exchange" Discussed on 90.3 KAZU

"But polls now show it could be a toss up in both places. The former vice president cast himself is representing the working class and said Trump was only looking out for the wealthy and well connected. Especially with the pandemic. There's nothing beyond the capacity of this nation when we stand together. It was time to stand up. Take back our democracy. Unite. Meanwhile, President Trump is back on the campaign trail, holding his first rally since being diagnosed with the Corona virus and he chose Florida. Polls show the president is behind in his campaign is feeling the pressure to make up ground fast. Franco or Dona as NPR news. This is NPR. Pope Francis met Monday with Australian Cardinal George Pal, the Vatican's former economy minister, following the cardinal's conviction and later acquittal for sex abuse of minors. NPR's Sylvia Poggioli report spell returned to Rome as a Vatican is embroiled in financial scandal. In a rare move, the Vatican released a video clip of the pope, warmly welcoming the Australian Cardinal Pell arrived in Rome just days after the pope fired Cardinal Angelo Bet you compel, had accused of obstructing financial reform. For many years Bet you control the Vatican's multi million Euro asset portfolio and donations of the faithful and had clashed repeatedly with Pel Last month. The pope fire bet you on charges of embezzlement. The Italian media has also reported allegations that bet you had paid bribes in Australia for testimony against Pel Pel has long claimed without evidence that his prosecution in Australia was linked to his efforts to clean up Vatican finances. Sylvia Poggioli. NPR News Roam The Atlanta Braves have taken the opening game of Major League Baseball's National League Championship. Siri's, They beat the Los Angeles Dodgers, 5 to 1 in Arlington, Texas, a game featured fans in the stands. For the first time this season. However, tickets were limited because of the pandemic in the American League. The Tampa Bay Rays have a two games to nothing lead over after beating the Houston Astros 42 on Monday. Trading of the Hong Kong Stock Exchange has been suspended because of a tie phone in the South China Sea. The city is on insert highest alert level. I'm Giles Snyder. And this is NPR news. Support.

NPR Cardinal Angelo Bet President Trump vice president Sylvia Poggioli Cardinal George Pal Cardinal Pell Pope Francis Rome Australia Braves Tampa Bay Rays Hong Kong Stock Exchange American League Giles Snyder embezzlement Houston Astros South China Sea National League Championship
Why Are Chinese Stocks Delisting

MarketFoolery

03:46 min | 6 months ago

Why Are Chinese Stocks Delisting

"Sina Corp, which is the online media company based in China is being taken private by Charles. Chao, who is the chairman and CEO. The deal is being valued around two and a half billion dollars. Shares, of Sina Corp up about six percent, not quite at the buyout price. But getting there and all indications are that, yes the normal approvals will have to kick into place but this seems like a deal that's going to get done. What was your reaction when you saw this news? I was surprised because out of all the Chinese companies that I thought could be taken private or otherwise be delisted move elsewhere seen wooden have been the first one that I would have assumed bit the bullet but thinking about it more I'm not as surprised this is kind of a legacy Chinese social media company they spun off their steak and wayball. which is kind of like Chinese twitter. It has a interface very similar to that micro blogging platform. So the steak with an itself is really that's that's the value behind Sina and they made that spinoff. But when you look at the economics behind being listed in China taking yourself private potentially listing elsewhere whether that be Hong Kong or on a foreign exchange. It kind of makes sense the perspective from a lot of Chinese companies right now and granted again did not think that was going to be the first one that we saw bite the bullet but the perspective from a lot of Chinese companies is that they're simply not getting a fair shake in the markets here in the United States. So I'm not surprised to this happening and I, don't think that this'll be the last company that we either see take themselves private in the case of this show and chairman or otherwise list themselves on a different exchange. This certainly is something seen more of in twenty twenty than we've seen the last few years. By my count, we've got more than a dozen. Chinese companies listed on US exchanges that. have either been taken private or are in the process of being taken private, and this is going to be the most since twenty. Fifteen. I have to believe in you know we. Studiously avoid politics on this show, but I have to believe the political atmosphere is a healthy percentage of why this is happening. There's definitely a way to have the conversation without making it political just think about it from the perspective of a Chinese company. If you're doing business, your business is solely focused in China, but you're listed on exchange in a foreign country like the United States. The geopolitical risks that exists there is actually very real for these companies and may not impact their core business, right? If they're just doing business in China, it's Understandable that why would why would enter political situations 'cause your business to change? It doesn't but what it does cost a change is the evaluation that your company receives on a different exchange. So taking yourself private is a kind of extreme reaction against Cena's a little bit of a legacy player here what we're actually seeing more and more companies do is actually just duelists themselves have a second listing oftentimes on Hong Kong. Chinese shop Affi-. If you will bow soon, recently had a secondary listing on the Hong Kong Stock Exchange we seen Baiju hearing rumors about potential dual sting from by`due. That's probably the direction that we're going to see. Chinese companies taking is essentially saying we're GONNA. dualist ourselves to reduce the valuation risk that exists with being listed on a foreign exchange where it goes from here is anybody's guess but from my perspective, this is kind of an understandable reaction to quickly degrading political situation.

Sina Corp China United States Hong Kong Hong Kong Stock Exchange Chairman And Ceo Chao Chairman Twitter Charles Baiju Cena
"hong kong stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:11 min | 6 months ago

"hong kong stock exchange" Discussed on Bloomberg Radio New York

"In people's pockets. Too honorable. Our heroes to crush the virus. Nancy Pelosi heard on CNN's state of the union. She also said that if a deal isn't struck soon, the Democrats might vote on a house on Ly version of AH relief package. Well. China's property developer Evergrande says its operations a stable and healthy as it attempts to revive confidence in its finances in the ground, has been battling resurgent concerns about its $120 billion debt pile. This comes after last week's report of every ground born in Chinese officials of a potential cascade of defaults on the bright side ever. Grant has just won approval from Hong Kong Stock Exchange to spin off its property management unit. The approval can help it raise much needed capital. All right, let's get a check of the markets. Now with Doug Prisoner Doug, what's chief of mine this morning? Well, let me take a look at what's going on in the Japanese equity space to begin with the shares in a holdings down about 7% right now. This is after a report in the Nikkei indicating the airline was considering a 200 billion yen share sale. And we have Oh, Toshiba down about 4% right now this after its affiliate Kiyoshi Ah Holdings decided to delay its Tokyo Stock exchange. Listing right now is to mention Tosi. Beersheba shares down about 4%. The Nikkei is holding onto a slim gain here about a half of 1% within the Nikkei. We're seeing strength among communication systems, along with healthcare and financial shares. On the downside, energy and information technology in Seoul. Right now, the cost be better by about 7/10 of 1% leading the advanced consumer, Discretionary and industrial names, although in Sydney right now ASX 200 is down just about 2/10 of 1%. We have weakness here being created largely By a drop in information. Techstocks Healthcare names a little on the defensive in the Sydney session. The dollar right now coming in ever so slightly against the major's. We have the Bloomberg Dollars spot Index off about 1/10 of 1%. But this comes after a very big week for the Green back in New York trading Friday. Where the Bloomberg dollars spot finished higher by about 22% in total kind of highlighting how some still consider the greenback at least in the current environment to be a haven currency. The question now is we enter a new trading week is whether the dollar is somewhat overbought. It's going to be a very interesting week. We have holidays for mainland China beginning Thursday. No trading, then for six sessions, Hong Kong and Taiwan will be closed Thursday and Friday of this week before we get there, China will release official manufacturing and services. PM I data on Wednesday. Third quarter will close out on Wednesday as well and then in the states at the weekend will have AH, this on Friday. Obviously the nonfarm payrolls data for the month of September 10 Year Treasury right now in the Tokyo session, yielding 65 basis points. I'm the prisoner at the Bloomberg Interactive Broker studio in New York, Jules Thanks, Doug. US President Trump says there is president in getting his Supreme Court nominee getting confirmed this close to the election. Let's get to Ed Baxter in San Francisco with all the global news, Ed. Yeah..

Nikkei Doug Prisoner Doug Nancy Pelosi Tokyo Bloomberg New York Taiwan Sydney Hong Kong Stock Exchange Kiyoshi Ah Holdings Ed Baxter Bloomberg Interactive Broker CNN China president Tosi Hong Kong Beersheba Evergrande Toshiba
"hong kong stock exchange" Discussed on C-SPAN Radio

C-SPAN Radio

02:21 min | 7 months ago

"hong kong stock exchange" Discussed on C-SPAN Radio

"Small business loans PPP program, but the recovery itself continues to move ahead nicely were in the right direction, and this is no time to change policies on a pending stocks and the Hong Kong Stock exchanges and technology group. They could raise as much as $40 billion, potentially the largest idea in history. There have been a lot of security, national security concerns. A lot of rights concerns about the technology used potentially to suppress the leader people. What is the interest position on the technology group? Idea? Reserve comment on the deal itself? But I will add to your question way are examining all these deals and publicly held companies. China based companies that may list on our exchanges. We are examining them with respect to transparency possible, fraudulent accounting. This comes from a financial working group report and given them one year to shape up and get their books in order, including their backdrop books. They're supporting papers to prove to the Public Accounting Board and the SEC that they are safe for American investors. I was hold common on opportunity. Today in California Governor issued an executive order designed to move the state to the point where there will be no gas powered vehicles sold by 2035. What do you make of this move is taking place in California you expected to to spread around the country? What are the political economic ramifications expected to spread with respect to Governor Newsome home? I know. It just seems like a very extreme position. I don't know how you get there. I'll have a look at the proposal. If there's more detail meat on the bones, I don't see this happening elsewhere. I don't think we should be taking any steps to get rid of fossil fuels, for example, and by the way, there should be consumer choice for all automobiles that close electrical automobiles. I have to look at the governor's proposal. It just sounds very extreme. May I don't know how you do it. Do.

Governor Newsome California Hong Kong Stock China Public Accounting Board SEC executive
"hong kong stock exchange" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

06:38 min | 7 months ago

"hong kong stock exchange" Discussed on Marketplace Morning Report with David Brancaccio

"Why it matters just ask your smart speaker to play the marketplace minute or find it wherever you get your podcasts. An increasing number of Chinese companies are turning to dual share listings as tensions between Beijing and Washington continued to heat up live from London, this is the marketplace morning report from the BBC World Service I'm Victoria Craig Good morning they've been dubbed homecoming listings DM China the parent company of KFC and Taco Bell in the country has been the latest to embark on one. It's already listed on the New York Stock Exchange, but with more regulatory scrutiny surrounding Chinese firms, the company debuted a secondary listing on the Hong Kong Stock Exchange, today, the fast food giant raised about two point two, billion dollars from the listing, but investors didn't rush. To Gobble up shares the stock closed down five point three percent David Co founder of the smart investor explains why well I think it's primarily because number one it's not particularly cheap. You're paying about forty Hong Kong dollars for every dollar profit that Yum China makes, and so people are paying for growth and I think if you have a look at the restaurant industry, in China, people are a little skeptical about whether or not we're going to be getting gross straight away. So those are two main reasons, and of course, the third reason Victoria's because it's not a technology share you can't try and tell people that shoe string fries. Microchips, right. So consequently, you are not going to be able to encourage people to go and buy something like a restaurant when they have a perfectly good Fintech some. Technology shares to put their money into yum. China isn't the first company to embark on a secondary listing in Hong Kong have other companies faced similar difficulty though in drumming up investor interest in Hong Kong well, it really depends on what industry you're talking about. So Alibaba, had a secondary listing in Hong Kong and that went reasonably well. So it really depends on the sector and right. Now, everybody is interested in the tech sector. Stay know that some of the traditional industries aren't going to be doing that well, particularly with covert one, thousand nine still pretty much in the forefront of people's minds. So unless you are in technology unless you earn something like cloud computing or payment services like an financials I think you're GonNa be struggling a little David quo founder of the smart. Investor thanks for your time. Thank you Victoria checking broader financial markets stocks in Asia ended the session mixed while shares here in Europe were broadly lower focus here is turning to emergency talks between the UK and EU brexit an e negotiator has been sent to London today to question the British government on new legislation that overrides a previous agreement and breaks international law. Meanwhile, the euro is slightly. Higher ahead of the ECB's rate decision today, no material changes to monetary policy are expected but investors are watching for any clues about how the central bank is viewing the single currency's recent gains. In the effect, it'll have on inflation since March, the euro has risen thirteen percent against the US dollar elsewhere Indonesia's benchmark stock index down more than five percent today after the government said it will. Reintroduce social social distancing restrictions in the capital Jakarta. It's edited also put on hold a multibillion dollar plan to replace the capital city blaming the coronavirus pandemic. The BBC's Peter Hi, it has that story Indonesia's current capital is overcrowded filthy and sinking fast as it pumps drinking water out of the land is built on rising sea levels at the threat of flooding, which is already A. Regular event. So the government is planning to build a new capital much further east on the end of Borneo and near the geographical center of the country will cost you to start next year. But officials are now quoted as saying Indonesia, is switching its priorities to fighting corona virus. However, the officials say planning work on the thirty billion New Philip Product is continuing Peter hiatt reporting there. Since the corona virus took hold in the UK. There's been a surge in interest to study nursing forty, seven thousand people have applied to study at one of the nation's biggest nursing departments. It's a sixteen percent increase from last year people say they're inspired by what the country's National Health Service has done during the pandemic while others are now out of work and looking for a new career. The BBC's Phil Machi- has that story. This was in Worcester on one of the first big nights in early April when people came back to clap for the. Now across the city at the university. This year's new intake of people taking healthcare degrees are putting on that p before they can go into class. There twice as many students taking these courses here this year so many that there's going to be a second intaking January professor David Green is the vice chancellor. So many have been inspired to go into nursing by the effects of the pandemic. Baker used to be a children's entertainer, and now he's about to graduate as a pediatric us. It's been a very the case of Johnny I think I've learned about myself about the resilience that I need to be a nurse and that is the big attraction because actually NASA of being. For All the amazing work that we do immediately before the pandemic the NHTSA warned that there were forty thousand vacancies in nursing and care work. There are two reasons that applications are up the high regard in which NHA staffer held, and for those who've recently lost, there's a career with greater job security outfits on them. This is recording of Mike blackened from earlier this year carrying out a beauty treatment on a client. He traveled the world working as a skin care specialist. Now, he's about to start on a new nursing course at University College Birmingham how long it was going on and seeing the devastation and the the life affects the people and former South three to last so long and before style of work was really quite scary I wanted a job I knew I, could have indefinitely until the end of time. To take pulse. and. Pushing Mike through his paces, Casper and Riley the interim head of nursing. You see be fundamentally nurses are crucial the backbone of the NHS and without the patient outcomes be very different. This is intake won't graduate until twenty, twenty three by wearing everyone hopes the pandemic will be over but that the high regard in which nurses and other healthcare workers are held continue. At the BBC's Phil McKee reporting from all over the UK and here in. London Victoria Craig with the marketplace morning report from the BBC World Service..

BBC Indonesia London UK Hong Kong Hong Kong Stock Exchange China Victoria Craig founder New York Yum China David Co KFC Beijing Alibaba DM China BBC World Service Mike
"hong kong stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:34 min | 8 months ago

"hong kong stock exchange" Discussed on Bloomberg Radio New York

"Or 79 cents at 43 41 a barrel Comex gold is down 2/10 percent, or $4 in 1935 20 announced the euro 1.1834 against the dollar British pound 1.3167 And the innocent one of 6.32. And that's a Bloomberg business. Flash Tom and Paul Caron Moscow. Thank you so much. We appreciate that, Jack Ma. You know him from Ali Baba, the Amazon of China, if you will, with the market cap about $750 billion Well, it turns out he has another company, Aunt group and financial. It's kind of the end of the payments business for China just extraordinarily big. It is also going public. Give us a sense of that. We welcome our guest here because the interesting thing here, Toms you think about and is it's just such a huge company that a lot of people don't know about that Crystal see? Bloomberg deals reporter for Bloomberg knows all about it. Crystal. Thanks so much for joining us here. Tell us what we need to know. About Aunt Group. Yes, And you can think about it as like the crown drew of the Alibaba Empire. Ali Baba is partly an e commerce company. But this payment part really is The money generated like they generates so much revenue and the most recent filing they recently file yesterday with the Hong Kong and Shanghai authorities to go public. And they refused that they have made 33 billion in profit for the first half of the year and which is unlike a lot of the companies we see going public these days. We don't see a lot of profitable companies. The Ali Baba is definitely not one of those so and has been around for a long time. It's been one of the most most popular payments up in China. And they have 700 million and active users. And if you compare that to PayPal, which has about three bit 300 million, you can see that it's like really, really big on by powerful company and in the country. So the issue for and is I mean, let's think about the size your evaluation of maybe $225 billion here. Do we know how much Jack Ma owns of this company? So, Yeah, This is a huge company. This is wave heard from sources. This evaluation is not quite set. Yet. They're still in the process of setting it with perfect sources that the valuation could be 225 billion, which means the idea could be roughly 30 billion. Making it the biggest deal on record. The biggest shareholder is owned by the is the executive of Alibaba, which owns roughly a third of the company. It is unclear how much Jack Ma says, but the It's a huge tongue. We can't we can't assume that what's the government owned? So I don't think it was quite closed and it's quite some nuance to it right. Like we know this is how they come if this is how the government in China works, But I mean, I don't think we will quite find out how much the Chinese government owns that We can Probably comfortably assumed that they have an influence in the company. Even without the chef, Okay, remember Ali Baba, with Cayman Island accounting, and there were some real issues about transparency of accounting, and particularly intangibles is the same issue here Or is it different because it's on calling transaction. Yeah, so they want us not have any tangible assets. So this is entirely payment. You can give it as like the Chinese version of paper out the Chinese own house, then model they signed on vendors they sign up like users. Andi. Everything is recorded online and is essentially an E wallets on DH couple that with Alibaba's incomers capability that that has been that has been quite a powerful tool for them. I mean, absolutely fascinating, and the idea that Morgan Stanley, Citigroup and J. P. Morgan and believe play This is in Hong Kong. Not in Shanghai. Crystal. Where do they fit into this? I mean, they're just going, You know, you know Chinese takeout lunches. Teo, be part of this show. Are they actually going to participate and the distribution and of these in the advancement of these shares? Yeah, that's actually they're interesting. So I mean, this is one listing is a dural listings in Hong Kong and Shanghai. But I think in some way we should look at it as to let things because a lot of these Take both rocket banks like the moment Stanley Jaffe Morgan, the Citigroup. They some of them don't have the capability of underwriting views and in mainland China, so they have a separate lead underwriter in China, which is CC and financial. Andi, we I mean, it's it's hard for her. It's hard for like a Citigroup princes to break into the China market. You know, it's because the years they were not allowed to have any own entity in China only into recently that they were allowed to have, like old for 50% share. You took your education of Baptist in Hong Kong. How do you perceive the change in Hong Kong now? I mean, what's the insight? Combining your private equity skills with, you know, being in Hong Kong for years. Oh, well, that's that's an interesting question. I mean, it looked like the market anything like China is opening up the international investors. We see we see a lot of us left, the Chinese company decided to go back to either Hong Kong or like have a second listing in China. So in that regard I do think China seems to be opening up that way, but I mean, looking at, you know, the Hong Kong situation. I mean, politically, you cannot know that. I mean, I mean the idea. Of of the radical changes we've seen in Hong Kong. I'm using that word, not editorially. But just you know what we've observed. And And what do the major banks do? Or is the shock here? Five years out, is a complete renaissance of the Hong Kong Stock Exchange. Do this investment in private Equity construction. Where what do you report on where they'll be in five years? Just guessing it right now. Well, if I'm looking at where things are right now, I do see some sort of a disconnect between what a political environment is on wet and whether your political buyers that environment is and when investments Investment sentiment sitting So I think investors even international investors, actually especially international, still very bullish. To Hong Kong and China. They do see Hong Kong like a gateway to China on DH mean they're going to be the capital outflow. You know, people think it's unsafe apart money in Hong Kong and instead go for Like a signature for or, you know, like finding you hopped somewhere else in Asia. I mean, that that is that remains to be seen. I mean, that's entirely possible. Do you think people are some Some people are getting nervous, but largely, they remain very bullish to us. This whole China story. So thanks so much for joining us. It's really fascinating story. It's just time. This company is just so huge. And most people don't even know about it. Yeah, yeah, I'll go with that that they don't know about it. But Again. This is my right is a is a a condensed statement. To say it is the Chinese papal. Yeah, and then some, and then some. So anyway, crystal see, Thanks So much for joining us Bloomberg deals reporter on the anti poet. It's the Chinese pay pal, but it's kind of saying, like Ali Baba is the Chinese amazon dot com. But there's so much more time there in tow all different types of businesses. And I think that Future for.

Hong Kong China Ali Baba Jack Ma Hong Kong Stock Exchange Bloomberg Citigroup Alibaba Aunt group Stanley Jaffe Morgan Andi Shanghai Alibaba Empire reporter Amazon Toms PayPal
"hong kong stock exchange" Discussed on Monocle 24: The Globalist

Monocle 24: The Globalist

06:43 min | 8 months ago

"hong kong stock exchange" Discussed on Monocle 24: The Globalist

"At loggerheads but and with the collapse of the Soviet Union and the neutrality has become kind of less significant as an asset in diplomatic relations and you also have. kind of a new competition growing competition and peace building and particular Norway is putting a lot of resources and effort into. Peace Building and. When you talk to Swiss diplomats here in burn they some kind to kind of. Feel like they're being beating at their own game by Norway because no, we has all these very important. Negotiations going and Switzerland is kind of has been lagging behind in the last in the recent his past. But maybe with Cyprus it's it's always like worth Galway. Maybe we can find a way back into the into the game say suggesting that there is in fact some sort of race to be the most diplomatic and the most neutral which Switzerland suddenly feels it's it's being beaten us at the moment. Well, it's partly a race for being the most neutral and. More importantly, a raised to have like a to to bring peace to have an effect in the foreign policy and and you know it's not only a like it's it's not only to the benefit of the world, but it's also to the benefit of Switzerland. If you are the go between you kind of get to sit at the at the grownups table, you have steady context to governments all over the world you have first hand information how a situation evolves and and you can. Kind of put your own interest or chip your own interests in every now, and then and might am have have been a benefit for yourself as well. So and we Switzerland is trying to. Reinvigorate its diplomatic effort but. Maybe Cypress's just a problem too difficult to to solve them because Switzerland. If you think of peace building or peacebrokering. You think of Richard Holbrooke in the ninety screaming at some eastern, European general in military compound somewhere at midnight and that's just not like the sway. We are very discreet week. We don't have the muscle to week. We can scare anybody into peace or or into like am. Trying to get along we we we have to. Help parties. Find their mutual interests and then work from there and tried to. Find some kind of Modus Vivendi Kristof lands political editor Tags Anzeiger and time radio joining us on the line from Van Thank you very much indeed for joining us on today's program. Still to come on the globalist, we recap the third night of the Democratic National Convention, as Kamala Harris officially becomes the first woman of color to join a major party ticket thanking her mother in the process. I keep thinking about that twenty, five year old Indian woman. All of five feet tall who gave birth to me at Kaiser Hospital in Oakland California. On that day, she probably could have never imagined that I would be standing before you now and speaking these words. That was Kamala Harris you're listening to the globalist. UBS has over nine hundred investment analysts from over one hundred different countries. Over nine hundred of the sharpest moins and freshest thinkers in the world of finance today. Find out how we can help you contact us at UBS DOT com. We have the newspaper review in a little while but first, the Hong Kong stock exchange is rising and rising in spite of everything else that's happening. So why is that? Let's hear now from Hong Kong Bureau chief. James. Chambers. He joins us from there now. Welcome back James was happening. Yes. So amid all the doom and gloom in Hong, Kong and it's been a very tough time for businesses, you do see a lot of. Boarded up shops in some of the main a shopping areas in Hong. Kong. But against that backdrop, the Hong Kong Stock Exchange announced its. First it's. Results of the first half of this year and it's posted some record profits. Share prices up some fifty percent this year. So it does seem to be a bit of a a curious and non normally that. Amongst all the economic turmoil in Hong Kong and the city's recession ever the stock exchange is booming. But it's one of those things where is actually is benefiting from a lot of this a lot of the trade war between. The US and China because a lot of the Chinese companies that are listed in the US coming back to Hong Kong. And I'm getting secondary listings here. In to raise money, but also in anticipation of of the US Donald Trump, essentially putting them out of US capital markets. So this year we've already seen to bumper listings here, JD DOT COM, which is a bit like. kind of Amazon Alibaba and also net he's. Those two together. Raise about seven point six billion US dollars. So even though all of this, US China stuff is not good for the Hong Kong General the Hong Kong, stock exchanges booming explain a little bit more about this. This push pull how strong is a push out of the likes of the United States. But also how strong is the pull back to China? While yes, there's not. There's a number of Push factors I out to the US. You might remember there was a coffee company called Lucky which is is still going but had a massive accounting. Fraud earlier this year and that kind of raised a lot of alarm bells amongst investors in the US, about how credible a lot of these Chinese companies are and how much accounting practices can be relied on. So I guess a lot of that raise suspicions in in the US but the biggest push factor is differently the trade war between the US and China, and just the worsening relations overall there is a lot of.

Hong Kong Switzerland Hong Kong Stock Exchange US Hong Kong Bureau Kamala Harris Hong UBS China Galway Soviet Union James Norway Kong Richard Holbrooke Modus Vivendi Kristof
"hong kong stock exchange" Discussed on PR & Law

PR & Law

03:20 min | 8 months ago

"hong kong stock exchange" Discussed on PR & Law

"Behavior and this would certainly count as bad behavior. But my guess is this person was probably quite young probably not paid very much at all and once he realized he was being let go anyway I think he felt he had no. No. No. No recourse. No problem. No trouble just sort of putting putting this information out there and that's also a big concern. Oh. Yeah. No I suspect I suspect you're right. It was probably one of these nothing to lose situations which definitely see from from some employees who have an ax to grind. And again, this is part of why you treat your treat your employees right and hopefully they will do the same in return and really quickly obviously share only reliable sources. Again, they should be straightforward. The president doesn't often do this but especially, if you're dealing with things like covid nineteen or security or safety in any way make sure that you're directing people to information that they can trust and lastly. I think companies don't do this enough But when when there's an announcement or a crisis or something going on listening to the reaction to that or as we say, something lands is really critical. and. Again, because I've left the exchange now I can kinda talk about it a little bit more. But when I worked at the Hong Kong Stock Exchange, you know we would often prepare an announcement or You know we had a chief executive blog there that was really influential was picked up by financial media usually. and. What we would do often is maybe we announce a major new initiative and we put out a news release and we have a briefing. but we also plan a blog post chief executive sort of more personal. Thought leadership piece to go with it, and we would have a skeleton of that but we would wait to see how the announcement landed I. Because once you start getting the media writing about your announcement, you get columnists to get people coming back with their points of view or their opinions. You can figure out what you should address, what needs to be clarified, what needs to be reemphasized. How should we approach this and that little break between announcement time and then sort of being addressed a second time can be really valuable and that applies to social media as well. So using the listening tools out there find out what people are saying social media about you. What trade magazines are saying about you that kind of thing and then address push it forward with with a second SAURAV stab at it to try to try to win public opinion over to your side. Good good advice I could talk about this forever I think we will address other things, I, I. There's actually a long list of things. Related. To this topic that I could go through but I see we're already running at a time. So I don't WanNa. Go too long on it but I think we will come back to it in a few show because there's a lot more here. Social Media obviously is very important these days as the subject I really don't get asked asked about the most so I, it's important and indeed we will come back to. Check this out. Check this out we'll. Check this out on the PR. In. Law. PODCAST. Aren't you and what have you got? Very very quickly like like all television shows Cameron is like I always come to things way after they've sort of been..

chief executive Hong Kong Stock Exchange Cameron WanNa president
"hong kong stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:09 min | 8 months ago

"hong kong stock exchange" Discussed on Bloomberg Radio New York

"Kong and here in Singapore on Juliette's Ali and I'm Brian Curtis. Trading is underway and most of the key markets around the region. We just got Hong Kong and China opening up have some modest gains in both of those markets. I also had the PBOC, adding about $100 billion into the financial system via the medium term lending facility, 101 billion. Actually, Juliet will have a look at markets in a few moments and will walk you through some of the details. The moment Don't let's take a look at some of the top stories of the hour and the U. S. And China, a post pointing trade talks planned for over the weekend. The postponement reported earlier by Reuters, which has blamed scheduling issues We get more from Bloomberg's Stephen Angle. Talks really never made it to any official public calendar in Washington, D C or Beijing, So it just never really happened and there is no timetable for that to happen again. Originally, it was supposed to be kind of a six month checkup. On how the phase one trade deal was going. But that's also had some hiccups because of the Corona virus. Stillson, said Chinese Vice Premier Liu Her was supposed to hold a video conference call with the U. S. Trade representative Robert Large, Heuser and Treasury secretary Steve Mnuchin, and that has been rescheduled indefinitely. And President Trump ordered by dance, the owner of Tick talk to sell its U. S assets. Let's get more on that from Bloomberg's Tom Mackenzie. Trump's decision came after an investigation by the Committee on Foreign Investment in the U. S, which reviews proposed acquisitions of American businesses by overseas investors for national security concerns. Beijing based Bite Dance bought the APP. Musically in 2017 emerged, it would tick talk to create a single integrated social media app. Trump's order effectively called for reversal off that transaction. It lays out a 90 day deadline for a possible sale of TIC tac toe to a U. S buyer and follows a previous executive order banning US entities doing business with TIC TAC by mid September. In Beijing. Tom Mackenzie Bloomberg Daybreak Asia. The Hong Kong Stock Exchange is proving to be a safe bitch in the city's turbulent times. Hong Kong exchanges and clearing has searched 46% in 2020 makes it the second biggest gala in the benchmark HangSeng index. The record jump is due in large part to a flood of share listings by high profile Chinese companies. H k exes oppose rose 49% in the three months through June. And these drive up trading, which is also about up about 50% from last year. One of China's banking watchdog says that the feds stimulus risks plunging the world into financial crisis. That's according to China Banking Regulatory Commission chairman Go Shooting His thoughts were published in an article by Kosher magazine Gua said that the unlimited quantitative easing policy of the United States consumes the creditworthiness of the dollar. He warned that this erodes the foundation of global financial stability. Boss said that bad debts of Chinese banks could rise significantly this year, and that's due to the impact of covert 19. We just So as we were talking about the PBOC, adding 101 billion U. S stolen of one year funding via the facility that has sent the C S I 300 by some 8/10 of 1% on the open on we're seeing Hong Kong have a positive start to the trading session to firmer by around 2/10 of 1% in early trade show me in the premarket was up some 5% after the Hang Seng Index inclusion there. So watching show me as one of the major movers coming through in the Hong Kong session and just getting another quick check on that, as it starts to trade up by about 4% at the moment, the big piece of data to do out today was the fact that second quarter GDP in Japan fell as expected down some 27.8% on an annualized basis. This is the worst rating that we have had for a single quarter in Japan since its records go back to 1955. Enduring the global financial crisis. GDP shrank, Shall we say, only in inverted commas, 18% dedicate to 25 is down by 7/10 of 1% at 23,119 points. Weakness too. In Australia today off by about 1% in Sydney's South Korea is closed for a holiday and was saying a pickup coming through in the tykes by some 4/10 of 1%. NEWZEALAND stocks also rising. As the election there is pushed out to deal with the Oakland look down when it comes to currencies, mostly strong against the greenback. Today, the Ozzy at 71 spot nine. The Japanese yen is firmer. One of six foot 48 and in terms of the commodities market, you have seen a little bit of move out of gold at $1937 announced and crude Brian is holding at $42. 24. Again of around 6/10 of 1%. It was just a little bit more on that reshuffle in the Hank Sing Index. Ali Baba, also one of the beneficiaries, and it's interesting Juliet because you mentioned this show me was up 4% Alabama down about 2%. And the other one that was going in and two weeks time is Khushi Biologic sits up a little more than 4% as well. OK, it's time for a news update. New Zealand delaying its election by four weeks because of Because of having to manage through covert 19 atmosphere at Baxter's got Global news from the Bloomberg 9 60 San Francisco News from Brian Thank you, Prime Minister Justin Ardor and says after consulting all the major parties. This is the best choice. At the end of last week, I was advised that the state is achievable. And presents no greater risk. Then head we retained the status quo. I've also been advised that a moving toward a 17 October election day the commission will be able to leverage and draw are much of the work already undertaken to deliver the election, she says, putting it off longer than it should be an option, she says it's not an option also has extended the Auckland lock down now for 12 days. US Democratic virtual convention this week beginning tomorrow. Currently, the major debate is surrounding the sanctity of the voting process itself..

Hong Kong Bloomberg President Trump Beijing US Tom Mackenzie China PBOC Juliet Hong Kong Stock Exchange Brian Curtis Ali Baba U. S. And China Japan China Banking Regulatory Commi Singapore Reuters
Chinese stocks rise in Asia trade following fresh US record highs

WSJ Tech News Briefing

00:15 sec | 1 year ago

Chinese stocks rise in Asia trade following fresh US record highs

"Hong Kong Stock Exchange is gaining credibility among tech companies after successful listings like the Chinese ECOMMERCE company Alibaba Ali Baba and others now bankers and investors say they expect more Chinese tech companies to list in the city which could rejuvenate the market there

Hong Kong Stock Exchange Ali Baba
Alibaba stock comes out with a bang in Hong Kong debut

AP 24 Hour News

00:32 sec | 1 year ago

Alibaba stock comes out with a bang in Hong Kong debut

"Chinese ecommerce giant Alibaba is made its debut on the Hong Kong stock exchange shares jumped six point six percent on Tuesday the company's shares are already listed in New York words twenty fourteen I PO set a record at twenty five billion this offering of five hundred million new shares raise more than eleven billion in Hong Kong's biggest listing since twenty ten a rare boost for the city after months of political unrest the Hong Kong stock exchange's executive director and chief executive praised Ali Baba for carrying out the

Alibaba Hong Kong Executive Director Chief Executive Ali Baba New York Six Percent
Alibaba stock comes out with a bang in Hong Kong debut

NPR News Now

00:50 sec | 1 year ago

Alibaba stock comes out with a bang in Hong Kong debut

"Five years after its record breaking IPO in New York China's tech giant Alibaba Baba has closed its secondary listing in Hong Kong. NPR's Amy Chang reports. The public offering is a vote of confidence in a city. Beset by ongoing protests Obama has raised more than eleven billion dollars Hong Kong Stock Exchange Makings listing the largest extreme to see this year originally scheduled for August listing was pushed back due to escalating protest again the Hong Kong government over now withdrawn extradition bill. The stock sale is a boost for Hong Kong status as a global financial hub by listening to Hong Kong. ALIBABA has access to investors in both million in China stock connected Hong Kong as well as investors in the US in twenty fourteen Alibaba set the record of the time for the largest initial public offering in the world raising twenty five a billion dollars in the New York Stock Exchange. The company said he would continue to be publicly traded New York

Hong Kong Hong Kong Stock Exchange Makin Alibaba Baba Alibaba New York China Barack Obama New York Amy Chang NPR China United States Eleven Billion Dollars Billion Dollars Five Years
Alibaba's Singles' Day sales hit record growth

Bloomberg Markets

08:12 min | 1 year ago

Alibaba's Singles' Day sales hit record growth

"Yeah let's switch gears it's going to Ali Baba you know the huge E. commerce company coming out of China they have what's called singles day over there where it's a big one day online sales push a set a nother record today to get some color on that let's welcome Alex web so Alex tells a little bit of from Bloomberg news Alex also the bit about kind of what you know so far about the singles day from Ali Baba well I am well she says will be opinion and about about busing those days a kind of concocted holiday that was invented by students in China sort of in the nineteen nineties to celebrate that single them and it was very much coopted by Ali Baba and Jack bought the the the founder and CEO outgoing C. A. who made it much like cyber Monday or Black Friday all in the U. S. started making a big day when lots of people spend lots of money and ideally spend that money on Ali Baba's economists Nick properties and DCA X. beating the pace of last year which you would expect to generate the trend is towards E. commerce so far eight eight billion neck two thirds of the if the data beaten the number for the entirety of the day lost yes I the pace seems to be getting on the click the reason this is important or interesting is that is concerned about Chinese great Chinese economic growth is slipping below six percent that's the lowest in in some more than three decades and so does some sort of read across the people are looking at just to see whether they can infer anything about the appetite from Chinese consumers from the numbers that come out of sync so can we infer anything because the I know that Alibaba was was talking about this record hall from the Ali Baba from the singles day sales and yet we're getting other data in particular I PI the gives a conflicted picture yeah I mean I think that is ultimately issue alley Bob would like everybody to say that if it's if it's a Greco number that's great news for them is going to try to the thing is it's a gross merchandise value essentially how much money in title has been spent across these properties we don't really know what might have pumped up that might have been special offers two for one you know does the value of the things actually great or was it just a valid to spend is great teen if you're offering discounts then you might be getting your view you'll kind of incentivize people to spend more money on it now Ali Baba it is probably more relevant to them as they look towards you know selling us a steak on the on the Hong Kong stock exchange and I'm baffled get himself a huge amount of attention in the run up to that so yes I think any any line that is drawn to to Chinese growth figures is Nick given what and how it is a record number forty gave it a bit of a sketchy correlation if there'd been a decrease than you could clearly in for something more significant defeat the pace of growth that been slow than is absolutely fine line you could drawn from it but that isn't the case is so it's a little hard to to draw those in correlations tell us can you give us a sense of how much Ali Baba is consolidating the shopping industry on its platform the same way that Amazon is doing in the United States well I mean the more I mean Bob is trying to do is actually extend beyond the shores of China you know it's trying to get people a personal lease across Southeast Asia and increasingly with some you know more financial offering senior using and it's sort of Alabama financial arm to to get people outside of its core markets to come and join its platforms which is you know perhaps indicative of maybe slowing growth in China release harder to get the same pace of as before and it's extending into new fields food delivery those sort of things that those sort of affects all really the the the new pushes firm from Ali Baba last on the kind of classic economists are rolled up that we've seen with Thomas and market places a fourth was wearing wild yes outside of one of the areas that we hear from some other big tech companies you you know like an Amazon is the cloud business and I know Ali Baba had has made some investments there and help how big the businesses that getting for Ali Baba but I mean it's nowhere near the size of Amazon's I actually don't have the number to hands of what how big Ali Baba's is right now you know they also pushing that outside of China but it's they kind of have had have advantage in that you know in the home market it's harder for someone like Google Amazon always mark soft to advance that dag that cloud offering that given there is a preference to used to use home competitors if it'll possible yeah I got to say these manufactured holidays wow you know I mean this whole idea of a Black Friday and cyber Monday in singles day how successful are they Alex I think that they'd look big because he's a success and Ali Baba's case because you know they have good people can use that that forms and use that for do they have to give really serious discounts in order to lure people or is it just you know alright it's singles everybody go buy stuff I think that it is to get the growth I think it looks like they have to do that you know people have been doing a reading doing for years they gonna come back into it again and again but as with any sort of new products to when he when you when it's early days it drives huge amount of growth and never to be a certain point that great sauce a tape and then you start have to be a little bit more creatively seen at least with the iPhone you know apple as fine you ways of getting people in and and offering you know sort of trade ins and discounts that sort of thing so I think it's been a success weather constraints assesses different things Tim kopen our colleague in my colleague and bring back pending in Asia and make the point that I actually given the Jack ma is stepping down it might be an opportunity for Ali Baba to make something of a reset to sort of say what do we need the singles dating anymore we can move on from it and actually it's his baby and frankly it society misguided thing difficult measure to actually you know tell anything serious about the business beyond just paying a lot of tension a company for one day when we don't really know if it has any significant impact on that bottom line and the indications are that it may be doesn't Alex mentioned earlier that Ali Bob is considering a I guess a listing on the on it Asian exchange there in Hong Kong what's the status of that is that still on as far as we know yes there was all our colleagues have the scoop last week that they were pushing forward with a a plan to list fifteen billion dollars worth race fifteen bought billion dollars were on the Hong Kong stock exchange the had to have been in serious doubt initial plans for that to happen over the summer and of course there's a huge amount of uncertainty in Hong Kong right now with all the demonstrations and so that was one of the reasons why it is being put on the back burner for just a bit this is an endorsement all of the you know the validity of being on the stock exchange one of the reasons that historically Chinese companies haven't listed in Hong Kong is because the Hong Kong stock exchange have the same rules as the British want namely one shot one site and they change those rules in recent years in order to attract the likes of Ali Baba the likes of ten cent these Chinese behemoths to have taken the listings to connect in the form of American depositary receipts logic and so this is an endorsement of of the fact that the Hong Kong market is a valuable one for them and that despite you'll be incessantly they still see value in your selling sending us a chunk of that business that Alex what thank you so much for being with us Alice what about columnist with Bloomberg opinion joining us from London on singles day a raging success for Ali Baba questionable about what that means exactly for the broader Chinese consumer but none the less it encouraging sign up for some meanwhile it is important to just note that the Hong Kong violence was escalating and I did it it didn't push down the Hong saying index by about three percent people getting very concerned about what would happen in this stems from I ate the solidification of the control over the the territory and you had of course Beijing coming out and saying that only a patriot would be able to run the city just furthering escalating attentions there so a lot took to

Ali Baba China One Day Fifteen Billion Dollars Billion Dollars Three Decades Three Percent Six Percent
Chinese cryptomining giant Bitmain’s civil war breaks into open

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

10:02 min | 1 year ago

Chinese cryptomining giant Bitmain’s civil war breaks into open

"Last week and actually for this whole past week. There's been a fair bit of drama. At bitcoin. Mining giant. Bit mean what happened well. So long story sure it was a it was a coup so From October twenty seven to thirty years there was a video surveillance camera. Expo in engine and my colleague John He was the he's the CO founder will be man and he was was ad expo. It was their launch some kind of a chip from Yemen for video surveillance cameras and then one day after that Jihan on the after that there was a change of the business registration data of Of Beijing Technology. Okay so in that restriction change microbes no longer the executive director will be man. He's he was also so taken over by Jehan as a legal representative an hour that Japan will who is also the other co whole funder of demand so a couple of hours after that change Japan will send an email to all staff to be man. I'm employee's employees saying Michael giants basically dismissed off. All his roles have been men and any employees. You should not engage with anymore and it should not take any directions for him so basically shut him down and that was basically it an hour after the email. Hey Japan will submit Someone all this stuff to your own hands meeting meeting to tell everybody what happened. So that was what happened on last Tuesday and on today one week off to Dad Meiklejohn finally spoke on his. What we share way ball and said is going to take some legal action to return to the office Irene? So let's go a little bit into that stuff meeting. What was the backstory that Jihad gave to explain or justify his actions while so that was kind of like a shock to many employees? Because I guess not. Many people have seen a word like expecting that so he took that opportunity to explain to everybody what happened in why he had to come back. And why he they had to take such actions and he basically use the one hour meeting to explain what happened from December twenty eight eighteen when when when the kind of conflict has started between him and my crew John Yet that was that was pretty much all of the one hour meeting. And what was that conflict. So the backstory of the December twenty eight eighteen was that at that point. The Big Quin price was like a was a big big price crash and was thinking about layoff so Jihai in a couple of family. Members of the company was were like pushing for the plan to lay off employee's because at that time I think they may have about juicers people initially based on what John said in the meeting was micro. John was AH was against the plan so they had a big struggle on December. Seventeen Jihan says on that day Meikeljohn returned to the office called for a second meeting and on that meeting. He wanted to be the socio. So as of as of December last year Japan and micro were co CEOS in CO chairman of women so he said on that that day micro Office wanted to become the only CEO. He said that is the way to save the company so that that was what happened at that time. So there was a conflict of Should have a layoff but then they come to agreement that there should be lay off and they also come to agreement that they both will step down from cozy ethos and they will ask the second other person to on the new. CEO role and they will step down from the day to day management. So that was the conflict back then the as time moves on like bay. Men official announces announced that news in March of their stepping down to the public to Hong Kong. IPO failed But what John said was MICR didn't really stepped out from the management role. He's still kind of micromanaging the details and wanted to spend more efforts on AI. Stuff instead of the crypto mining equipment. So that kind of that kind of diversed I Big Business a little bit. So that kind of started the the conflict started to escalate one. Other thing is I think Jihan also said to the employees bit mean almost didn't survive that period and actually what he said is the only only reason it was able to pull through was at the price of Bitcoin had increased later. I'm assuming he's talking about kind of you know through the Spring and And even a bit. The summer we saw the price of acquaint increase but how has bitten means struggled this year in twenty nineteen still. I sing in twenty nineteen. I mean he said himself in the meeting. Based on the transcript. I got that The market share big demands mining equipment has declined. I mean I think they're still the number. One has the most dominant market share in terms of making mining mining machines but their market dominance has declined and the same time there Wi- will competitors like non. And what's minors Microbe eighteen silicon. They have been able to seize on the opportunity of the price of press jump since earlier this year. So I mean there. I think they are doing during fine. But in terms of market share the mining equipment business has decline and also the mining pool business is also Declining if you look at the hash rate. real-time Hasher Distribution Bution Pity comment pull used to dominate the top two ranks but this year it was taken by pulling and after Paul. Yeah and one other thing that is just so curious is that at least last year Macri was chairman and and he owned thirty six percent of bit main holdings while Jihad actually owned only twenty percent. So how jeon able to oust macree. If Macri was the larger chair holder and I mean it was pretty dramatic. The way he did it I think you know not allowing him back in the building after this trip and having his email access over to cut off it was like this was a huge surprise to macri. I guess we could say yeah. That's also one question I I haven't been able to figure out to be honest if you look at the IPO prospect the file till the Hong Kong Stock Exchange last year as September last year. They they were coached. CEO's co-chairman Mike crease. You're right micro has about six thirty. Six percent of Commit Holdings John has about twenty percent and go Shin on the two two your three other family members they have four to six percent respectively and another eighteen percent was hold was. Hello Oh by a trust for the employment stock option incentive that was the all the ordinary shares that counts for bowel like nearly ninety percent. I think and all the others like nearly ten percent were held by external uh shareholders. Now there were basically preferred. AM prefer b-shares Through the equity raising commended in two thousand seventeen twenty eighteen so technically I don't know how he managed to do it but that's just give you the breakdown of their equity structure based on the IPO. Filing they last year I don't know if they have changed it in any way but uh what John said in the in the in the in the meeting was he stepped Opposed as Costa Ios. He also stepped on he. He also let Microsoft take the chairman row so supposedly he was not a chairman and now he is a chairman. So I don't I don't technically the holiday did it was somehow did yeah. I saw dovey one tweeting that she she doesn't think a- and Samson Maui. I think tweeted the same thing that it doesn't appear that the shareholders were consulted the other shareholders. So yes so. Maybe we'll find this out leader

John He Chairman Jihan Japan CEO IPO Bitcoin Macri Yemen Hong Kong Stock Exchange Dad Meiklejohn Co Founder Jihad Of Beijing Technology Hong Kong Michael Giants Executive Director Irene Micro Office
Hong Kong stock exchange drops bid to buy London exchange

Bloomberg Daybreak: Asia

00:16 sec | 1 year ago

Hong Kong stock exchange drops bid to buy London exchange

"We're hearing that Hong Kong exchange says it will not proceed with its offer for the London Stock Exchange on Kong exchange says it's disappointed it hasn't been able to engage with LSC management and it says as a result she it's not in the best interest of Hong Kong exchange shareholders to be sued the

London Stock Exchange Kong Exchange LSC Hong Kong
London Stock Exchange rejects Hong Kong's $39 billion takeover offer

Monocle 24: The Globalist

02:23 min | 1 year ago

London Stock Exchange rejects Hong Kong's $39 billion takeover offer

"Starting off the London Stock Exchange now. This is the extraordinary move from the Hong Kong Stock Exchange to buy a the NFC looks like that's not going to happen. It's looking unlikely the Financial Times is reporting today that the London Stock Exchange is is leaning toward rejecting the Hong Kong Exchanges overture which this stunned markets earlier this week whenever it was announced it is very interesting to see these two exchanges both both based in places that are going through a lot of political turmoil to to put it lightly. exchange mergers are very common their routine in the industry. It's one of the few ways that big exchanges can grow but at the same time there's also a very long history of these of these deals being derailed on nationalistic concerns just go through. London stock exchanges a symbol of the UK's financial prowess and as Steve Grow. He's a consultant said to me earlier this week. The thirty two billion dollar question is what do regulators and more importantly the politicians behind the regulators make of leading London Stock Exchange Fall into Chinese hands and just a very quick quick list of some failed deals over the years to give a sense of this Germany's Dwight Uber's his tried and failed to acquire. LLC three times just this century the tried to to acquire the Canadian exchange this was derailed by the domestic banks there who wanted to keep the exchange and Canadian hands and then of course last but not least Chicago exchange exchange a tiny market with zero point five percent market share of the US stock market Chinese investors were trying to buy that trump brought it up twice during his election campaign and of course it got squashed by his administration once he got into office so that's a very long way of saying that this deal faced high odds for political opposition. Although the Hong Kong is looking at sweetening the deal indeed you know this is a very attractive deal for Hong Kong. LLC is a very attractive target so that makes sense that they're going to do everything they can to to make this happen and as Charles leave the CEO said today that it was announced he said in a blog post he said you know given the current a current uncertainties and global geopolitics and economics. You could be forgiven for thinking that the time would not be now to make major investment in cross-border acquisition but he he says you know this is a compelling transaction and you know if we don't try then by definition we fail

London Stock Exchange Hong Kong Stock Exchange Hong Kong Exchanges Hong Kong Steve Grow Charles NFC Financial Times London Dwight Uber UK CEO United States Chicago Germany Thirty Two Billion Dollar
Market update

CNBC's Fast Money

10:56 min | 1 year ago

Market update

"This is this fast money. I'm Melissa Leo Traders on the Desk Tim Seymour Karen Feinerman Johnathan and guide Dommie just breaking a little while ago Oracle. CEO Mark Her taking a leave of absence due to health related reasons since the stock selling off after hours. Conference call expected within the hour. We'll keep you updated as the story develops then if you didn't know SAS. SAS stands for software off whereas service but it could soon stan for software as a source of pain down nineteen percents these scales Hong Kong stock exchange launches an aggressive thirty seven billion dollars bid for it wait for a London stock exchange. We'll get perspective from one of their biggest rivals. CME group chairman and CEO Terry Duffy joins US exclusively here here on set but I it's still on and we are talking about the great rotation so many here on this desk. I've been skeptical of maybe even Poo pooing at times the sector showing continuing strength the Russell banks retail just to name a few so what is going to make you a believer guy. It's a fascinating question. Market has an uncanny way not that I need help by the way of making me look extraordinarily silly and here we are as as we just heard within a percent suddenly all time high the S. and P. Five hundred and everything looks fantastic. When do I become a believer I. I don't know the answer that question but I'll say is the headwinds that exist in a couple of weeks ago looked really haven't gone away all that much. Yes rates have backed up a little bit. Probably a healthy move yes to go. Market is an exploding to the upside. Maybe maybe some of the concerns with the China deal situation of Hong Kong have abated but they haven't gone away. There's still there. The markets is looking pass them so I don't know how to answer that question because it concerns since I have. I don't think it get resolved in one day. Well I know how to answer the question like when the rest of believers simple when the rest of Maga- makes the new high and apple is on its way to doing that. It's about ten bucks from the all time highs last September. I'd love to see Google Amazon participate again. Those are three and a half trillion dollars. Dollars of mega cap the largest in the market the other one. You know you mentioned the Russell. I'd like to see the Russell breakout above the seven month range and really kind of get people thinking about okay well. Maybe small caps have digested a lot of the bad news in the ready to go a little bit so those are two areas. I want to focus on. I'm not so interested in seeing Alcoa rally twenty percent off. Its you know that doesn't really convey about too much yet. Karen you know I I love to buy when things are trading down into gers. I'm kind of more more inclined to sell. Some things are trading up and injures less. I talked about taking a little money off table selling by Selig's. JP Morgan calls I I why do on something like a united rental that has obviously participated to the downside heart and back to the upside hard. I still think it's attractive here name like Fedex that Tim and I talked about a lot. That's unknown news. Whatsoever is gone for line one forty nine to whatever one seventy one. I liked it higher than one seventy one so even though that one's up a lot. I'll hang onto things like that the vix today coming in a lot. I want to own volatility here because I think we are one tweet away from going back to those markets you you seem so fresh in my mind they could be any second week could be the Mcginn Tim even sort of on board the rotation since it. You pointed it out to sort of I don't WanNa say a believer Uber but you acknowledge. Its its presence here. Why don't you try to die down your gender. Your Rangers Rangers compatriot here well. He's missed. I've moved from three twenty five down to one forty five on the ten year in effectively six months. Maybe seven months was was was way way too. Excessive relative to the fundamentals in the US economy maybe not to the global economy and I continue to think that some of this rated namic was a function of buns pulling us down in a relative value trait. I think some small and this is not full. Reconciliation and Hong Kong has been important to set the tone tone for at least we're regionally. There's a little more stability going into October talks. Which I think are very important. Unfortunately I'm not sure what we're going to get out of that but then we had reaffirmation of the US S. consumer off a couple of data points and that's the ice and the services I assume which is really the backbone of our country not a manufacturing reading and so while we know the PM is going down down around the world. I think that's been part of the story. The most important from a market perspective is I think we've had these rotations many times in many cycles throughout the last last two years so it's easy to pooh-poohed at the market almost nothing but I actually think you know if if you look at where retail is retail underperform the S. and P. almost twenty percent for a year until suddenly it it makes a lot of that back up recently if you look at what's going on and transports and banks but the thing about it is that the valuations to me do make some sense and we sat around here and we talked talked about food stocks. We talked about restaurant stocks. We talked about things that really were tough to explain and I think the markets rationalization is that those things can only go so high and recession question is off the table for the next six months. That's where the central bank at your back. That's been the justification and it didn't happen three days ago. This happened three weeks ago. When when the rest of the world started rallying relative to our market. Thanks for educating us but do you think that was particularly bullish. When you're the president of the United States vote head Fed should go to lower grades two zero arowar negatively lower because to me that doesn't elicit a whole heck of a lot of confidence in this economy. Is Picking up because you saw good services number less so you're talking about psychology. Do you want one. I'm in an AP economics class again. I think we've got a case where the macro data doesn't add up to a market that should be falling off a cliff with soot and you just mentioned that the last two years the market hasn't done much because you said that you've acknowledged the fact that we've seen lots of rotation so you know the thing is here. We are three thousand the S&P eighty five hundred and we'll make a new high. Do you think we're going straight up. Do you think we're GONNA go to thirty thirty and then go straight up. Five seven eight percent not particularly weekly likely if you look at over the last two years when we made new incremental high. We've gone down a lot. I mean I don't think I don't think most of our audiences is making a call on the market out so and so I think people are investing in stocks. They are themselves rotating in and out the fact that the semi's which I think are again been an easy target of volatility and the volatility in that space has been enormous but semi's are to make another fresh high and semi's are still up almost now they make that fresh high. They'll be nine percent from June of two thousand eighteen when everyone everyone said that's it that's it. I'll take ten percent and I'll take ten percent of the time. We don't really ten percent to thirty percent drawdowns. I mean does that. Make aren't trading those drawdown. I look I understand those people another individual again. I understand statistics and I understand standard deviations and we are split up to tell me that that people should not have been investing in things that overall business you. Are you saying that because they went up a lot and they went down a lot. They were on investable during this period and I think most people aren't trading like that. What's the flip side to not believing in this rotation. What's it's the flipside to necessarily know if you don't believe that this rotation is for real. What did the market do the have. I've been training opportunities listen. I'm the first to tell you I mean I thought the market's going down for quite some time I don't hide from it but within the context of that we brought up some pretty good training opportunities we as a matter Arafat couple of weeks ago. We power pitched bank at a time when nobody likes you did if you recall that was pretty much universally th you know pooh-poohed you use that word but not me by the viewing audience and that's gone from six to one and a half. I think closes sixty nine today so within the context of being a non believer there are trading opportunities again by only the point is everything that got us down to where we were a month and a half two months ago have not gone away. It's gotten a little bit clearer but they haven't gone away and I think in a fifteen fixed accounts point. It's just too it doesn't make sense with the backdrop that that's out there right now all right well. Our next guest says the value rotation can continue and new highs are coming with it. Let's bringing Margaret Kalonovik global head of quantitative and derivatives strategy at J.P Morgan market's always great to see you so you have a bunch of skeptics on the dust in terms of this rotation so so what has to answer guys original question what has changed to make you believe that this value rotation is here. We'll first positioning is extremely low so if you look at the sort of hedge from equity exposure it's about zero percentile so close to all time lows match in two thousand eight. If you look at the individual investors a I will be our sentiment is basically similar to two two thousand eight so a lot of these early price in the market right like and positioning is very low then generally. There's upside. That's pure mechanics. This is not even a economics one to one so so so so that's that's something that we can sort of hold onto low positioning and then you had some positive things within mentioned already. You know so you have a services in us. You had a little bit on Brexit a little bit on a little bit on Hong Kong Essay are and then you had this October negotiations so if we we have like two to three weeks before October where we still have a buyback full force when the Biggs declined from twenty two to fourteen fifteen so all the sort of systematic folks who actually really ever and you have discretion investor who's basically zeroed invested in the market so that's what we think you can continue now why valutation can continue so people adds to market the first thing they will close the short while net positioning get zero percent but the gross positioning gross exposure according to JP Morgan prime is ninety nine percent out so you have like a massive longshore trade where people are super long low vault of quality momentum and growth and they're super short value so if they want to increase the increase the net exporter. I don't think they're going to triple quadruple on software and stuff like that. They'll close some of the energy oil than gas some of the some of the banks and other value stuff so we think that this can continue okay so it can continue in our view until October in October. Basically you have negotiations anything. Anything can happen right so if the negotiations blow up we go back. Even negotiations actually produce some results. I think this loss for a full year like in two thousand sixteen and Seventeen when when it lost more than eighteen months so that's very strategic trade so strategic is until October right and in October. I think we need to reassess. If there is actually progress towards its radio this can can be new two thousand seventeen eighty two thousand two thousand sixteen age seventy two kinloss another eighteen months if the if we have more of the same back you know back and forth tweeting and stuff like that then we go back to software guy thinks will when when you say we go back if there are stumbling blocks oxen trade does that mean that we re-test the ten year yield lows like legal retail would have on

Hong Kong United States Tim Seymour Karen Feinerman Jo Mcginn Tim CEO Russell Banks Melissa Leo Jp Morgan Oracle Alcoa Google Rangers Mark Her Fedex J.P Morgan Market Terry Duffy Group Chairman Russell
"hong kong stock exchange" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:46 min | 1 year ago

"hong kong stock exchange" Discussed on Bloomberg Radio New York

"Work day we're going to wake up and loaded with the London exchange and be able to trade through the U. S. over to Hong Kong Martin Schenker chief content offices like. I did not see this deal coming at all and it certainly size thirty six point six billion. so just extraordinary send a consolidation that were seen across these exchanges globally. you've got the same plague everybody else says yes ferrosan intensive care. I frankly I've got it is so right now we're gonna she's not in intensive care she's been working through the morning from London on the London perspective of the Hong Kong stock exchange effort a shock effort to purchase at the LSE and she is Serah's side Sir let's look at the stock price up X. percent double digit is given it back with a vengeance in the last hour why is that. marking that is that it sent me an an interesting off of it and then put on the table I mean in the NSC head given anyone that was interested in acquiring the business a short window to make can also often it had made the announcement that it was looking to tie up with the comes in with his business the repetitive nail you know often and do you know if the deal with repetitive would have gone through it with me yeah let's see almost unaffordable unity LSE had alternately become open season on LSD but they do you know if the visual wanted to come in and and try and make that also which which you know Hong Kong is coming down and then this cultural is well this is a merry Poppins it's not real ways to India it's the Chinese are coming in to buy London I mean that's a blunt way to put it I don't mean any dispersion there but Serra there's a whole cultural and political overlay to this transaction this proposed transaction I mean it being under the understatement to say that the you know the deal is is a politically sensitive that's what it is at the moment you know you have the Hong Kong protests and that you know going on and and and continues and then of course you've got breaks it and and the falling all over at the drop in and and standing face you know there are a lot of politically sensitive issues the we had and they let them this morning you know well if we will Francine with interviewing her at this morning in the announcement came she said that they would look at any deal that they would send me be close scrutiny from the U. K. government and and on the on any deal and of the scale sent me from the Chinese so Sir what is just the status of the profanity the deal that was announced recently well it's a it's been announced but that may not be used and and that process is still ongoing you know this is rad and on the bases of interested in the NFC habitational Wednesday to come in and try and put that and. the Hong Kong stock exchange has said that any deal and and with home gold stock exchange and and the and is premised on the repetitive transaction not proceeding and that I would gas and the mainly has to do with the fact that the Hong Kong stock exchange would not be able to afford the LST and should the residents of transactions. service thank you so much particularly through the morning here Sir say it with us in London on this proposed transaction Hong Kong to buy London no word of the gonna buy Iowa we go to Lou full group in their diagrams a handsome diagrams eight at with this is morning Doug I love your note were all economists now is that really what your world is come down to. it seems like it I mean it seems like the the economic bulls in the stock market bulls are now one and the same and you know we continue to caution investors they're they're not always the same I mean think back to that great top of March of two thousand we put in a market top that led to a forty nine and a half percent decline the S. and P. five hundred and the economy did not sink into recession until eleven months later so it's certainly possible that something like that could happen again but you know the two can can disconnect this is Doug is this the time to for at that time and we talk about we're value stock investors is the time for value stocks to shine here the once in a decade opportunity. I don't know if this is the turn I mean it seems it seems unlikely to me that was it remember it's not just you know growth versus value and momentum versus value with it everything that was working verses everything that that was not and I mean from lowball verses high bait commodity versus consumer that sort of thing and I just find it hard to believe you're going to have a watershed day were all of those relationships were one week ago I mean the fundamental conviction that nearly every strategist had for those trends to remain in place it it it's amazing how the narrative is flipped with just two days action so I I I don't think it's going to be a turn in all of those right so light airy relate. valuations are to it Paul can I just point out the Dow closed at twenty six thousand nine oh nine I mean if this is a Ramsey correction this Randy great so Doug again as Tom mentioned here you know we're at or very near these all time highs despite trade despite all the geo political issues in the world equity wise what is your view of the market right here. well our view is that the last nineteen months have been a abroad global topping process to remember what on the basis of the act we we are not the all country world index we are not back to new heights and if you look at sort of the average stock whether globally or within the U. S. on the basis of like the value line a risk medic index excellent measure that's basically the average performance of the U. S. stock no where near a new high so it's been in our minds this broad distribution process started remember when the economy was red hot and right before those first. doubles were fired this is great Paul that Doug Doug we're gonna keep it short today just because all the breaking news but the only reason Paul we have diagrams he got his because he brings up the value line arithmetic and geometric index which are which are just fabulous you know Ramsey still has on this floor the old value line he trips over once a week because we feel that that's right degree of the thank you so much trouble for group that with the linkage here of economics into the equity markets is well Paul you predicted that there would be a price war I mean it's not the only headline out of the apple meeting but wow yes they come in with the pricing to fundamentally show extreme to its foundation he apples gonna him they threw their hat into the streaming wars yesterday with their apple TV service and the key thing I think was just the pricing four dollars and ninety nine cents per month kind of undercutting everybody including Disney who's in the marketplace for the six ninety nine offering other question is there's not a lot of programming on the apple but that can change in a hurry so apple threw its hat in spring and so you've got a lot of heavy weights coming if you're streaming dollars time one of the themes will talk about here this extraordinary news for Amazon and the F. T. C. a side show that would be the leaves headline this morning but there's so much else going on including the Hong Kong exchange a surprise bid for the LSE stay with us in New York this is Bloomberg. national headlines right now with Michael bar Michael thank you very much Paul they get today relatives of some of the victims are expected to gather at ground zero in New York City to mark the eighteenth anniversary of the nine eleven disaster nearly three thousand people were killed in a hijacked plane attacks Iran's president says the US should put war mongers aside amid escalating crisis in between Washington and Tehran in the wake of the collapsing nuclear deal with world powers as Sandra honeys remarks signaled approval of president Donald trump's abrupt dismissal of John Bolton as national security adviser Republican Dan bishop be Democrat dammit clearly and closely watched special congressional race in North Carolina global news twenty four hours a day all on here in a tick tock on Twitter power the more than twenty seven other journalist metal is more than a hundred twenty countries on Michael bar this is Bloomberg vault up like a bar thank you so much well despite all the new white noise or sing on a tape lots of MNA we look at the futures right here to be very quiet here at this our S. and.

Hong Kong Martin Schenker London twenty four hours nineteen months eleven months four dollars one week two days
"hong kong stock exchange" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:09 min | 1 year ago

"hong kong stock exchange" Discussed on MAD MONEY W/ JIM CRAMER

"I loved them not a cowboy fan. I'll I'll never draft to cowboy ever in fantasy ever sometimes yet to get passionate. Yes Sir Jim a big Boston. Belichick Brady Bouza to your from Massachusetts Yeah. Why do they wear the Philadelphia cheated? You'll lose my executive producer and cheese not pick the single PHILADELPHIAN for as long as I've done these outside shows and it's wrong. How can I help? I've a fourth before you considering the trade dispute the potential listing on the Hong Kong Stock Exchange in the future eight for one split. What are your long and short-term views on Alibaba Baba which by the way here's a little irony? Everybody what here's was afraid quiz the largest company that trades on the New York Stock Exchange is a Chinese company Alibaba and it also happens to be the only Chinese company. I'm recommending why because when you look Looki- financials it looks like a smart felt might even though you're the delegate thing. Please be very cold by the way there was a super bowl two years ago so taken by Alibaba all right we have this is in trump has mastered the art of taunting fifteen yards which isn't much economic policy but it's really good football. It does indicate more tariffs could becoming. Let's hope chair. Pal keeps us on the straight narrow. Thank you for me tonight. It's summer is free. I'm coming you straight from the New York Stock Exchange with the The hospitality and talking all about the latest market action just ahead so stay where Kramer aw job miss a second second of that money follow at Jim Cramer on twitter have a question tweet gramer.

Alibaba Hong Kong Stock Exchange Brady Bouza Sir Jim Jim Cramer New York executive producer Boston twitter Philadelphia Massachusetts Looki Kramer football fifteen yards two years
"hong kong stock exchange" Discussed on AP News

AP News

01:44 min | 2 years ago

"hong kong stock exchange" Discussed on AP News

"Of its Asian business on the Hong Kong stock exchange. AB inbev is about one hundred fifty billion euros and its Asian operations reportedly worth as much as a third of that it's owns massive brands like bud from its takeover of Anheuser Busch in two thousand eight as well as corona fix and Festas it further established its dominance in the markets in two thousand fifteen when it bullets next biggest rival SAB Miller. The company said on teased that the move would lower its high debt levels and allow it to consider more coalitions in the region after filming himself confronting a woman who was protesting against abortions. AP's? Walter Ratliff reports one Pennsylvania law. Maker is found himself under fire for his action. Democratic state lawmaker in Pennsylvania's drawing criticism for posting video of himself. Berating woman demonstrator at length outside an abortion clinic in Philadelphia state, Representative Bryan Simms video appeared on Facebook and periscope. It shows him peppering the protester with questions and criticism and calling her names. The video was apparently shot several days ago at a Planned Parenthood health center. The unidentified woman clutching a rosary says little in response as SIMS attacks our protest as racist and shameful. The head of the state's Republican party is calling on SIMS to apologize. I'm Walter Ratliff. Student killed in Colorado school shooting. I'm Tim Maguire the AP news visit the Douglas county Colorado sheriff's office says an eighteen shot today at the stem academy near Denver has died. Two other students who are arrested shortly after the open fire on fellow students into classrooms. The death appears to be separate from the eight people who brought to area hospitals sheriff Tony spurlock. We are going gonna do everything.

One Hundred Billion Dollars, Fifty Billion Dollar and Eight Percent discussed on Bloomberg Daybreak

Bloomberg Daybreak

03:34 min | 2 years ago

One Hundred Billion Dollars, Fifty Billion Dollar and Eight Percent discussed on Bloomberg Daybreak

"A risks from trade tensions but that won't shake its decision to end asset purchases later this year as according to ecb executive board member corps spoke exclusively to bloomberg from france or we're not complacent on the possible risks fullfledged trade war would be bad for the world economy starting with the us away so the first victim would the us jobs us workers and we very much doesn't happen ecb executive board member corps tells us a further escalation of tariffs could do serious damage to business confidence we also hear from president mario draghi today he makes your march at nine am wall street time chairs xiaomi debuted in hong kong today against the backdrop of those global trade tensions the chinese smartphone maker saw its stock fall more than one percent in its first day of trading bloomberg's stephen engle has more from hong kong shares fell right out of the gates here on its ipo in the hong kong stock exchange lot of uncertainty about this company and its lofty valuation also the true nature of its business is it more of a low margin handset manufacturer or is it like the chairman late june says a broader internet services company on the one hand xiaomi is now a fifty billion dollar company the third largest in the world for handset manufacturers but it's a far cry of an earlier estimate last year of a valuation upwards of one hundred billion dollars stephen engle bloomberg news uncle stephen thank you as for other assets in asia today stocks currencies commodities some bonds all posted solid gains bloomberg's juliette sally reports from our singapore bureau china's currency rose against the dollah one week after the country's officials emphasized they wouldn't be using you want as a trade policy weapon the csi three hundred of large cap stocks in china closed high by two point eight percent to three thousand four hundred and fifty nine points a solid session for japanese stokes engineering and construction firms rallying after the floods damn but nissan took a hitch on reports it falsified inspection data on exhaust ratings the start closing down at four and a half percent in tokyo two thousand and three yen in singapore and juliette solly bloomberg daybreak chillier thank you and we're now getting more details from nissan and press conference this morning the company said it found misconduct in exhaust emissions and fuel economy measurement tests said it's to penn plants nissan reported the results to japan's transport ministry today and says a full investigation is underway futures this morning are moving higher with us in p futures up nine points dow futures up ninety eight nasdaq futures up twenty six and straight ahead we have the latest world and national news this is bloomberg and karen that brings us to five oh seven on wall screech decisions decisions at the supreme court let's bring in bloomberg's michael barr with the latest good morning michael good morning bob he was the first runner up a year ago now judge thomas hardiman seems to be a strong contender to be president trump's second pick for the supreme court that's according to three people familiar with the process other finalists are said to be appeals court judges brad kavanagh amy coney barrett and raymond catholic trump said yesterday as he was boarding air force one daddy would finalize his decision by noon today i'm getting very close decision i believe this person will do a great job trump will make his official announcement at nine pm wall street time tired authorities said.

One Hundred Billion Dollars Fifty Billion Dollar Eight Percent One Percent One Hand One Week
Bloomberg, Matt Townsend and Nike discussed on Bloomberg Daybreak: Asia

Bloomberg Daybreak: Asia

04:37 min | 3 years ago

Bloomberg, Matt Townsend and Nike discussed on Bloomberg Daybreak: Asia

"The sneaker company reporting it's first north american sales gain since two thousand seventeen bloomberg's matt townsend says investors like the way nike is dealing with his problems and they really try to rein in their distribution they sort of two they're going to focus more on the retailers and partners that sort of did a really good job with the nike brand so a lot of people took that as focusing more on premium places repeal buys their their gear their their sneakers in their apparel and nike also had some good news about china's saying that quarterly sales there jumped thirty five percent we'll finish developments on as hong kong ipo institutional investors are focusing their orders for the smartphone makers trading debut in the lower half of the marketed range still the ipo arranges say bookings continue to be oversubscribed in the company has making meaningful progress from global long only subscribers in the meantime china tower is said to have received formal approval from the listing committee of the hong kong stock exchange that's according to the south china morning post this would be a ten billion dollar po at least as his plan at the moment bigger than shell me's china tower is the world's biggest operator of telecom towers for mobile phone networks rambus is firing ceo ron black this sunnyvale based semiconductor take licenses is that's after hearing of an incident where he's behavior fell short of the company's standards rambus calls the incident on related to the company's financial and business performance question for juliette did sharp pass a stress test stocks up twelve point seven percent mentioned a moment ago that sharp is is cancelling the new share sale on marketing instability and let's get right up to to tokyo with jeff sutherland from bloomberg news because we've got lots of talk about we've got the nikkei languishing here down a little bit down two tenths of a percent and that's even with a slightly weaker yen jeff right that a lot going on here this morning but let's start out with the economic data we saw depends depends factory output fell for the first time in four months with industrial production for may dropping point two percent and that's the truly spotlighting the concerns over the slowing global growth and a looming trade war which could have a serious impact on japan's exports meanwhile we saw inflation data showed prices in tokyo excluding fresh food rose point seven percent in june as a little bit above estimates but economists are looking for stronger growth to meet inflation goal so for the market to concerns over trade are acting the market the nikkei now down point two percent with again a little bit higher the tech companies are higher though with sharp up let's say sharply jumping as much as fifteen percent this morning and so the electronics maker said canceling plans to raise as much as one point eight billion dollars public share fail and it cited unstable markets caused by trade tensions with company said that that to continue with the new share issue would not be beneficial to shareholders so bank you brian you mentioned that industrial output was down two tenths of a percent it was estimated to be down more than that a full one percent but that's not my question my question is can we set aside now bad weather as a reason for the japanese economy trending down because we thought that might have been one of the reasons for weakness in the first quarter but suffice it to say the economy's just weakening that's right we did see a pickup in exports in the past month but it really is the concerns over the trade war that's really governing things right now so that that could be a little bit more on the sentiments side so we'll keep a close eye thank you jeff jeff sutherland break news in our tokyo bureau round the rest of the region the asx two hundred has bumped to the upside up four and a half points now a gain of tenth of one percent another solid day for new zealand with the ends at x they're up three tenths of one percent kospi struggling down about a tenth of one percent in terms of oil wti crude gushed duck over seventy three dollars a barrel seventy three thirty four pardon the pun the gold price twelve hundred and fifty dollars a troy ounce juliette love it well at least five people have died at a suburban maryland newspaper baxter is coming all the global news in the bloomberg nine sixty san francisco newsroom ed julia tragic five people killed with two with now with superficial wounds is the latest update.

Bloomberg Matt Townsend Nike One Percent Seven Percent Two Percent Eight Billion Dollars Seventy Three Dollars Thirty Five Percent Ten Billion Dollar Fifteen Percent Fifty Dollars Four Months
"hong kong stock exchange" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:15 min | 4 years ago

"hong kong stock exchange" Discussed on WNYC 93.9 FM

"The chairman of the hong kong stock exchange's child tune com it's become the lows in the eu excess of this chalmers you fall us is process for glory paul calls decision as it is china has accused the united states navy of committing a serious political and military provocation in its territorial waters chinese vessels and fighter planes have been sent to a disputed island to warn off an american destroyer plus in official accounts of shedule phone call between president trump an cheating pen neither leader discussed the tension the french president emmanuel macron emmanuel sorry macron is to convene a rare joint session of parliament later today invest sigh mr macron will try to set the tone of his presidency and his vision for the next five years he scuffled is in paris the style of the michael presidency of becoming clearer a new thing for shell the goal founder of the fifth republic gothic right france's head of state reduce them surrounded by symbolism of think above the fray about omarkhil fuel that the presidency will debased by his predescessors whoever interfered too much in the detail of policy or pandered to the media the on the phone top that but critics are already saying he's giving above himself or the human pows who should not have far left mps say they will boycott what they ceos of five farce you're listening to the world news from the bbc floods in southern china have killed at least fifteen people and forced the evacuation of tens of thousands more the authorities in the region of guangxi and hunan have sent tents food bottled water and medicines to the affected areas they also set up temporary shelters for the victims of the floods one of china's biggest internet companies ten cent says it will limit the daily time that children can play its popular king of glory gang the move follows complaints by parents of the children were becoming addicted from tuesday children under twelve will only be able.

hunan bbc michael emmanuel macron french president president official united states eu chairman guangxi france founder chinese vessels navy china paul stock exchange five years