Tag Archives: stocks

Hong Kong stocks surge after extradition bill withdrawal reports

Hong Kong stocks surge after extradition bill withdrawal reportsHong Kong’s stock market soared Wednesday after local media reported that the city’s embattled leader is planning to fully withdraw a loathed extradition bill, one of the main demands of pro-democracy protesters. The Hang Seng index leapt more than three percent in afternoon trade after the South China Morning Post and HK01 both published reports that the city’s pro-Beijing chief executive Carrie Lam was planning to shelve the bill.



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Asian stocks plunge on US-China trade war worries

Asian stocks plunge on US-China trade war worriesAsian stock markets plunged Friday after President Donald Trump’s surprise threat of tariff hikes on additional Chinese imports. In early trading, Tokyo’s main index tumbled 2.2% and Hong Kong’s benchmark lost 2%. Trump’s announcement of 10% tariffs on $ 300 billion of Chinese goods, due to take effect Sept. 1, surprised investors after the White House said Beijing promised to buy more farm goods.



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New York Extends Gun Background Checks, Bans Bump Stocks

New York Extends Gun Background Checks, Bans Bump StocksNew York gun buyers may wait up to 30 days for background checks under a new law signed Monday by Democratic Gov. Andrew Cuomo.Cuomo signed legislation to extend the background check waiting period from three days to as much as 30 for gun buyers who are not immediately approved, as well as a ban on bump stocks, the governor’s office announced.“By signing these measures into law we are strengthening our nation-leading gun laws — banning devices whose sole purpose is to create the most bloodshed in the shortest timeframe and providing law enforcement the tools they need to stop firearms from falling into dangerous hands.” Cuomo said in a statement.The legislation passed both houses in January, according to the New York Post.New York gun dealers are required to perform National Instant Criminal Background Check System (NICS) background checks on potential gun buyers, resulting in notifications to “proceed,” “denied,” or “delayed.”The review typically took three days before the dealer could move forward or refuse the sale, a judgment they could make even if the background check came back “delayed.”



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Bump stocks, which allow rifles to mimic automatic weapons, are now illegal to own, buy or sell

Bump stocks, which allow rifles to mimic automatic weapons, are now illegal to own, buy or sellAn October 2017 mass shooting in Las Vegas that killed 58 prompted action on bump stocks by President Donald Trump.



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BlackRock Sees Emerging Stocks Almost Recouping Last Year's Loss

BlackRock Sees Emerging Stocks Almost Recouping Last Year's LossIn the face of slowing global growth, the Federal Reserve is unlikely to raise rates this year, causing the dollar to weaken and improving the flows into emerging markets, said Fraser, global emerging-market equities fund manager. “Markets should recoup most, if not all, of their losses from last year,” Fraser, who is based in Hong Kong and helped manage the firm’s approximately $ 40 billion of active EM equities as of the end of 2018, said in a phone interview.



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Race against time in blackout-hit Venezuela to save food stocks

Race against time in blackout-hit Venezuela to save food stocksVicente Fernandez has not opened his freezer since the massive blackout began in Venezuela on Thursday. “I’m afraid it has all gone bad,” says Fernandez, a 54-year-old who sells telecoms equipment. Venezuelans, already feeling the pinch due to food and medicine shortages, are suffering even more now that the power has gone down.



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Markets Right Now: Stocks mark 1st weekly loss since January

Markets Right Now: Stocks mark 1st weekly loss since JanuaryNEW YORK (AP) — The latest on developments in financial markets (all times local):



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7 Energy Stocks That Don't Need Higher Oil Prices

7 Energy Stocks That Don't Need Higher Oil PricesThe best oil stock ideas from Bank of America.



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World's biggest sovereign fund to dump oil and gas stocks: Norway

World's biggest sovereign fund to dump oil and gas stocks: NorwayNorway’s sovereign wealth fund, the world’s biggest and which is fuelled by petrodollars, will divest its oil and gas holdings to reduce its exposure to the oil sector, the Norwegian government announced on Friday. While the decision is based solely on financial considerations and not on the environment or climate change, a divestment by an investor worth more than $ 1 trillion will undoubtedly be seen as a major blow to polluting fossil fuels. The government of Norway, the biggest hydrocarbon producer in western Europe, said it would exclude companies classified as exploration and production companies from the fund.



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Global stocks mixed on reports of trade deal progress

Global stocks mixed on reports of trade deal progressGlobal stocks finished mixed on Monday following reports the United States and China were close to a major trade agreement that would roll back some of the tariffs imposed in recent months.



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