UK in ‘unknown territory’ ahead of election, economist says

UK in ‘unknown territory’ ahead of election, economist saysRoger Bootle, founder and chairman of Capital Economics, discusses the upcoming U.K. election.


UK in ‘unknown territory’ ahead of election, economist saysRoger Bootle, founder and chairman of Capital Economics, discusses the upcoming U.K. election.
UK in ‘unknown territory’ ahead of election, economist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, territory, election, founder, discusses, ahead, upcoming, saysroger, economist, economics, unknown


UK in 'unknown territory' ahead of election, economist says

UK in ‘unknown territory’ ahead of election, economist says

Roger Bootle, founder and chairman of Capital Economics, discusses the upcoming U.K. election.


Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, territory, election, founder, discusses, ahead, upcoming, saysroger, economist, economics, unknown


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A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday. Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. In a related release, the Markit manufacturing reading, known as the Purchasi


Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.
Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations.
The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival.
In a related release, the Markit manufacturing reading, known as the Purchasi
A key manufacturing index shows the US remains in contraction territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.

The reading came in at 48.1 vs. an expectation of 49.4 and the previous month’s reading of 48.3.

Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. A reading below 50 represents contraction; November was the fourth straight month below the expansion level.

Stocks fell on the report, with the Dow Jones Industrial Average off more than 150 points at 10:30 am ET.

New orders slumped to 47.2, down 1.9 percentage points from October’s 49.1. Inventories, which are a key input for gross domestic product, came in at 45.5, down 3.4 points from the previous month.

The numbers come amid speculation about the pace of U.S. growth.

Recession worries have ebbed from earlier in the year, when the Treasury yield curve was inverted and flashing what has been a reliable 12-month recession indicator for the past 50 years. GDP growth has averaged around 2.4% in 2019, with the third quarter coming in at 2.1%. However, most forecasters expect the fourth quarter to come in under 2%.

The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. This will weigh on job growth and capex over the next few months, to the point where we are not ready to rule out a further [Federal Reserve] easing in January,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note.

Manufacturing is considered a reliable bellwether for how the rest of the economy is doing, though it comprises only about one-fifth of GDP.

Nearly all of the key ISM indicators were at contraction levels in November.

Employment was at 46.6, down 1.1 point for the month, while export orders fell 2.5 points to 47.9 as the U.S. and China continue to look for a resolution to a trade dispute that began more than a year and a half ago.

Supplier deliveries was one of the few metrics in expansion, rising 2.5 points to 52.

In a related release, the Markit manufacturing reading, known as the Purchasing Managers Index, indicated expansion, coming in at 52.6, just above expectations and a bit better than the 51.3 October reading.

The Markit PMI growth reflected an uptick in production and new orders as well as strength in employment indicators. It was the strongest reading in seven months.

Investors will get a close look Friday at the impact the manufacturing slowdown and trade war have had on the broader economy. The Labor Department’s nonfarm payrolls report comes down that day, with economists surveyed by Dow Jones expecting a sharp rebound in growth to 187,000 from November’s 128,000.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


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Ukraine condemns Apple for calling Crimea part of Russia in its apps

A re:Store shop in Tverskaya Street as Apple launches iPhone XS, iPhone XS Max, and iPhone XR sales in Russia. Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the


A re:Store shop in Tverskaya Street as Apple launches iPhone XS, iPhone XS Max, and iPhone XR sales in Russia.
Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps.
The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014.
For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the
Ukraine condemns Apple for calling Crimea part of Russia in its apps Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-28  Authors: sam meredith
Keywords: news, cnbc, companies, condemns, apple, crimea, region, apps, iphone, annexed, calling, weather, russia, ukraine, territory, western


Ukraine condemns Apple for calling Crimea part of Russia in its apps

A re:Store shop in Tverskaya Street as Apple launches iPhone XS, iPhone XS Max, and iPhone XR sales in Russia.

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps.

The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014.

Ukraine and its Western allies have maintained that this move was illegal.

For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map apps.

However, those same apps do not show Crimea as part of any country when it is viewed from outside of the region.


Company: cnbc, Activity: cnbc, Date: 2019-11-28  Authors: sam meredith
Keywords: news, cnbc, companies, condemns, apple, crimea, region, apps, iphone, annexed, calling, weather, russia, ukraine, territory, western


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‘Illegal colonial occupier’: Mauritius condemns UK for failing to give up control of an overseas territory

Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius. The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed. The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago. The island state claims it was forced to hand over the Chagos Islands t


Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius.
The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed.
The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago.
The island state claims it was forced to hand over the Chagos Islands t
‘Illegal colonial occupier’: Mauritius condemns UK for failing to give up control of an overseas territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sam meredith
Keywords: news, cnbc, companies, condemns, ocean, illegal, territory, indian, chagos, island, overseas, failing, sovereignty, control, previously, islands, occupier, colonial, mauritius


'Illegal colonial occupier': Mauritius condemns UK for failing to give up control of an overseas territory

Britain has defied an order by the United Nations to return control of an overseas territory to the island nation of Mauritius.

The UN had given the U.K. six months to hand control of the Chagos Islands — an archipelago in the central Indian Ocean — back to Mauritius, but this deadline has now passed.

The government of Mauritius has previously accused Britain of being an “illegal colonial occupier” in the Chagos Archipelago.

The island state claims it was forced to hand over the Chagos Islands to the U.K. in 1965 for independence, which it gained three years later.

“The U.K. has no doubt as to our sovereignty over the British Indian Ocean Territory (BIOT), which has been under continuous British sovereignty since 1814,” Britain’s Foreign and Commonwealth Office (FCO) said in a statement earlier this month.

“Mauritius has never held sovereignty over the BIOT and the U.K. does not recognise its claim.”

Britain’s FCO was not immediately available for comment when contacted by CNBC on Friday morning. It has previously insisted it has every right to hold onto the islands.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sam meredith
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Foreign money into Singapore has been up ‘quite sharply’ in recent months, JP Morgan says

J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months. It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere. Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers and wealth managers saying they have received more queries from clients to move funds to Singapore. Months of protests in Hong Kong are showing no signs of a let-u


J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months.
It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere.
Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers and wealth managers saying they have received more queries from clients to move funds to Singapore.
Months of protests in Hong Kong are showing no signs of a let-u
Foreign money into Singapore has been up ‘quite sharply’ in recent months, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: weizhen tan
Keywords: news, cnbc, companies, sharply, foreign, seen, hong, deposits, territory, kong, money, quite, months, unrest, wider, morgan, recent, singapore, wealth


Foreign money into Singapore has been up 'quite sharply' in recent months, JP Morgan says

J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months.

It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere.

Singapore has been said to be a direct beneficiary of the unrest in Hong Kong, with some bankers and wealth managers saying they have received more queries from clients to move funds to Singapore.

In the latest estimate, Goldman Sachs said in October that Hong Kong might have lost as much as $4 billion in deposits to Singapore, often seen as its rival for the role of Asia’s premier financial hub.

Months of protests in Hong Kong are showing no signs of a let-up. What started out as peaceful demonstrations over a now-withdrawn extradition bill have morphed into a wider call for democracy.

“We can’t be conclusive that there is a shift from Hong Kong to Singapore,” J.P. Morgan’s Harsh Modi, co-head of Asia ex-Japan for financials research, said Friday when asked if he’s seen deposits flow from the Chinese-ruled territory to Singapore.


Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: weizhen tan
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Market bull Jim Paulsen predicts manufacturing will rebound and drive stocks deeper into record territory

“The manufacturing recession, globally and particularly in the United States, is one of the primary reasons that people fear a recession,” he told CNBC’s “Trading Nation” on Wednesday. “That really set off a sell-off in the stock market and escalated recession fears,” said Paulsen. Paulsen, who correctly predicted a sharp rebound from last December’s historic plunge, expects better manufacturing data will set off a bullish chain reaction. “Earnings estimates will start to rise, and that could re


“The manufacturing recession, globally and particularly in the United States, is one of the primary reasons that people fear a recession,” he told CNBC’s “Trading Nation” on Wednesday.
“That really set off a sell-off in the stock market and escalated recession fears,” said Paulsen.
Paulsen, who correctly predicted a sharp rebound from last December’s historic plunge, expects better manufacturing data will set off a bullish chain reaction.
“Earnings estimates will start to rise, and that could re
Market bull Jim Paulsen predicts manufacturing will rebound and drive stocks deeper into record territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: stephanie landsman
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Market bull Jim Paulsen predicts manufacturing will rebound and drive stocks deeper into record territory

The market’s next big test may come Friday.

That’s when the Institute for Supply Management releases its October U.S. manufacturing purchasing managers’ index.

According to The Leuthold Group’s chief investment strategist Jim Paulsen, it will be an even more important market event than this week’s Federal Reserve decision on interest rates.

“The manufacturing recession, globally and particularly in the United States, is one of the primary reasons that people fear a recession,” he told CNBC’s “Trading Nation” on Wednesday.

Last month, the survey contracted to its worst level in a decade, fanning jitters about a recession.

“That really set off a sell-off in the stock market and escalated recession fears,” said Paulsen. “If we see solid data here in the next few months that the manufacturing sector is bouncing given how healthy the consumer sector is, I think the recession ghost will be thrown away.”

Paulsen, who correctly predicted a sharp rebound from last December’s historic plunge, expects better manufacturing data will set off a bullish chain reaction.

“Earnings estimates will start to rise, and that could really be the catalyst to create one more nice upward leg in the stock market,” he added.

Paulsen is also watching the Labor Department’s October employment report, which also comes on Friday. According to Refinitiv, nonfarm payrolls should rise by 75,000 while the unemployment rate ticks up to 3.6% from 3.5%.

“There’s a degree of health in this economy which is being covered up by that manufacturing slowdown,” said Paulsen, who is tilted bullishly toward cyclicals and international parts of the stock market. “If that changes, there’s a lot to like in the rest of the economy.”

On Wednesday, the S&P 500 saw its third all-time high in a row and its 15th record close of 2019. The Dow was less than 1 percent from its record high, while the tech-heavy Nasdaq was just a half percent away. The three indexes were lower in Thursday’s premarket.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: stephanie landsman
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Long-term negative rates have ‘adverse consequences’ we don’t fully understand, says Jamie Dimon

“If you want to have growth you better really think through with the policies, not just on negative rates but capital allocation et cetera,” he added. Having negative rates essentially means that deposits incur a charge — instead of receiving interest — for staying in a bank. But negative interest rates are bad for the profitability of banks, and could encourage a build-up in debt to an extent that harms the economy, warned the International Monetary Fund. The IMF said rates in the euro area, Sw


“If you want to have growth you better really think through with the policies, not just on negative rates but capital allocation et cetera,” he added.
Having negative rates essentially means that deposits incur a charge — instead of receiving interest — for staying in a bank.
But negative interest rates are bad for the profitability of banks, and could encourage a build-up in debt to an extent that harms the economy, warned the International Monetary Fund.
The IMF said rates in the euro area, Sw
Long-term negative rates have ‘adverse consequences’ we don’t fully understand, says Jamie Dimon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: yen nee lee, weizhen tan
Keywords: news, cnbc, companies, policy, understand, rates, longterm, dont, negative, growth, monetary, fully, adverse, territory, dimon, interest, jamie, consequences, think, japan


Long-term negative rates have 'adverse consequences' we don't fully understand, says Jamie Dimon

Jamie Dimon, chief executive officer of U.S. banking giant J.P. Morgan Chase, told CNBC-TV18 that lowering interest rates is not a game-changer in driving up borrowing and lifting economic growth. “I think when they did it earlier on, there was a notion that we are saving the European Union, the monetary union, which is one thing. I think as a permanent part of policy, it is a really bad idea. It has adverse consequences which we do not fully understand,” he said on Monday. Dimon joins the ranks of an increasing number of business executives and economists speaking up against adopting such a policy for long, as central banks around the world try to boost growth by continuing to slash interest rates, some into negative territory. “If you want to have growth you better really think through with the policies, not just on negative rates but capital allocation et cetera,” he added. “So, I hope it doesn’t happen in United States.”

The European Central Bank last month pushed rates deeper into negative territory, while the Bank of Japan appeared to be laying the groundwork for a similar move. Having negative rates essentially means that deposits incur a charge — instead of receiving interest — for staying in a bank. Such a policy is intended to encourage firms and households to borrow and spend, which would in turn increase economic activity and growth. But negative interest rates are bad for the profitability of banks, and could encourage a build-up in debt to an extent that harms the economy, warned the International Monetary Fund. The IMF, in its October Financial Stability Report, said rising debt levels and weakened debt-servicing capacity have elevated vulnerabilities in the corporate sector in several economies. That include the U.S., Europe and China.

Slowdown, but no recession yet

Interest rates in those economies — which are among the largest in the world — are expected to stay low or negative for longer. The IMF said rates in the euro area, Switzerland and Japan could stay in negative territory for many years. In the U.S., where interest rates are still positive, the Federal Reserve is expected to cut benchmark rates by another 45 basis points this year, the IMF said in its report published last week.

Dimon, however, said the level of interest rates is not what he’s most worried about now. Instead, plummeting business confidence — caused by the U.S.-China trade war and other geopolitical events — appears to be a bigger risk, he added. “I think it has caused a slowdown,” he said. Dimon said that could possibly trigger an economic recession, although the global economy doesn’t look like it’s near one yet. “My own view — and I am just looking at the possibilities and probabilities — is that it is a slowdown, not on the way to zero,” he said. He explained that large economies such as the U.S., Europe, China, Japan and India are all still growing, despite at slower rates. On top of that, “there is no fiscal tightening, no monetary tightening,” he added.

WATCH: India should remain the fastest growing nation on earth, says Jamie Dimon


Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: yen nee lee, weizhen tan
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China’s defense minister says resolving ‘Taiwan question’ is a national priority

China’s defense minister said on Monday that resolving the “Taiwan question” is his country’s “greatest national interest,” and that no force could prevent China’s “reunification.” Advancing china’s reunification is a just cause, while separatist activities are doomed to failure.” The United States has also angered China by repeatedly conducting what it calls “freedom of navigation” operations by naval ships close to islands China occupies in the South China Sea. China claims almost all the ener


China’s defense minister said on Monday that resolving the “Taiwan question” is his country’s “greatest national interest,” and that no force could prevent China’s “reunification.”
Advancing china’s reunification is a just cause, while separatist activities are doomed to failure.”
The United States has also angered China by repeatedly conducting what it calls “freedom of navigation” operations by naval ships close to islands China occupies in the South China Sea.
China claims almost all the ener
China’s defense minister says resolving ‘Taiwan question’ is a national priority Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-21
Keywords: news, cnbc, companies, resolving, question, force, national, defense, minister, taiwan, chinas, china, priority, wei, islands, south, reunification, territory, interest


China's defense minister says resolving 'Taiwan question' is a national priority

China’s defense minister said on Monday that resolving the “Taiwan question” is his country’s “greatest national interest,” and that no force could prevent China’s “reunification.”

Separatist activities are doomed to failure, Defense Minister Wei Fenghe said at the opening in Beijing of the Xiangshan Forum, which China styles as its answer to the annual Shangri-La Dialogue security forum in Singapore.

Tensions between China and Taiwan have ratcheted up ahead of the self-ruled island’s presidential election in January. Taiwan is China’s most sensitive territorial issue.

“China is the only major country in the world that is yet to be completely reunified,” Wei said.

“Resolving the Taiwan question so as to realise China’s full reunification is the irresistible trend of the times, China’s

greatest national interest, the righteous path to follow and the longing of all Chinese people.”

Proudly democratic Taiwan has lambasted China for its authoritarian rule and for being a threat to regional peace, while China has heaped pressure on Taiwan, whittling away at its few remaining diplomatic allies.

China regards Taiwan as its sacred territory, to be brought under Beijing’s rule, by force if needed, a message President Xi

Jinping reiterated at the start of this year.

China translates the word “tong yi” as “reunification,” but it can also be translated as “unification,” a term in English

preferred by supporters of Taiwan independence who point out that Beijing’s Communist government has never ruled Taiwan and so it cannot be “reunified.”

Defeated Nationalist forces fled to Taiwan in 1949 at the end of a civil war with the Communists. The People’s Republic of

China has never governed Taiwan, whose people have shown little interest in being ruled by autocratic Beijing.

China has also been angered by U.S. support for Taiwan, including arms sales. Washington has no formal ties with Taipei, but is bound by law to provide the island with the means to defend itself.

The U.S. and China are also locked in a bitter trade war, though they have been holding talks to end it.

“No one and no force can ever stop China’s full reunification. We are committed to promoting the peaceful development of cross-Taiwan strait relations and the peaceful reunification of the country,” Wei said.

“However we will never allow separatists for Taiwan independence to have their way, nor allow interference by any

external forces. Advancing china’s reunification is a just cause, while separatist activities are doomed to failure.”

The United States has also angered China by repeatedly conducting what it calls “freedom of navigation” operations by naval ships close to islands China occupies in the South China Sea.

China claims almost all the energy-rich waters of the South China Sea, but neighbors Brunei, Malaysia, the Philippines,

Taiwan and Vietnam also have claims.

“The South China Sea islands and Diaoyu islands are inalienable parts of China’s territory. We will not allow even an inch of territory that our ancestors have left to us to be taken away,” Wei said.


Company: cnbc, Activity: cnbc, Date: 2019-10-21
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Amid protests, Hong Kong’s leader addresses one key social concern — unaffordable housing

A widening wealth gap and increasingly unaffordable housing are some key social issues underpinning the unrest in Hong Kong, business leaders and politicians have suggested. Rental prices in Hong Kong surpass those in New York, Paris and Singapore, and many young professionals living in the Chinese-ruled territory struggle to afford housing. The Hong Kong leader emphasized that housing issues are essential to social stability and “upward mobility,” defined as climbing up to the next social level


A widening wealth gap and increasingly unaffordable housing are some key social issues underpinning the unrest in Hong Kong, business leaders and politicians have suggested.
Rental prices in Hong Kong surpass those in New York, Paris and Singapore, and many young professionals living in the Chinese-ruled territory struggle to afford housing.
The Hong Kong leader emphasized that housing issues are essential to social stability and “upward mobility,” defined as climbing up to the next social level
Amid protests, Hong Kong’s leader addresses one key social concern — unaffordable housing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: grace shao
Keywords: news, cnbc, companies, territory, amid, concern, demonstrations, young, key, singapore, hong, kongs, social, lam, leader, issues, unaffordable, protests, kong, housing


Amid protests, Hong Kong's leader addresses one key social concern — unaffordable housing

A widening wealth gap and increasingly unaffordable housing are some key social issues underpinning the unrest in Hong Kong, business leaders and politicians have suggested. Rental prices in Hong Kong surpass those in New York, Paris and Singapore, and many young professionals living in the Chinese-ruled territory struggle to afford housing. Some families have no choice but to rent out dorm-style rooms with bunk beds and shared bathrooms, sometimes known as “coffin homes” or “shoebox flats.” In her annual policy speech on Wednesday, Hong Kong chief executive Carrie Lam introduced a slew of housing measures aimed at addressing some of those concerns. Lam said housing is the “toughest livelihood issue” facing the city’s citizens and pledged to make more land available for public housing development, according to an official translation of her remarks in Cantonese. The Hong Kong leader emphasized that housing issues are essential to social stability and “upward mobility,” defined as climbing up to the next social level. “Every Hong Kong citizen and his family will no longer have to be troubled by, or preoccupied with, the housing problem, and that they will be able to have their own home in Hong Kong, a city in which we all have a share,” Lam pledged.

Hong Kong — a former British colony returned to Chinese rule in 1997 — has been crippled by widespread demonstrations for nearly five months now. It operates as a semi-autonomous territory under the “one country, two systems” principle — a structure that grants Hong Kong citizens some degree of financial and legal independence from the mainland. What started out as protests against an extradition bill has morphed into demonstrations demanding full democracy and universal suffrage. Majority of the protesters have been young students from university and high schools.

Twin cities: Singapore and Hong Kong


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: grace shao
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Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead

Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.


Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.
Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: pippa stevens
Keywords: news, cnbc, companies, territory, trading, stock, shares, raises, earnings, credit, target, rally, sees, julys, falling, price, ahead, suisse, amazon, high


Credit Suisse raises Amazon price target before earnings, sees 35% rally ahead

Shares of Amazon may be trading in correction territory after falling 13% from July’s high, but Credit Suisse sees a 35% rally ahead for the stock.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: pippa stevens
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