UPDATE 1-Hong Kong readies for more mass protests after huge, peaceful rally

HONG KONG () – Hong Kong is gearing up for more protests this week after hundreds of thousands of anti-government demonstrators braved heavy rain to rally peacefully on Sunday, marking a change to what have often been violent clashes. Anti-extradition bill protesters march to demand democracy and political reforms, in Hong Kong, China August 18,

Malaysia court postpones biggest 1MDB trial involving ex-PM Najib

FILE PHOTO: Malaysia’s former prime minister, Najib Razak, leaves Kuala Lumpur High Court in Kuala Lumpur, Malaysia, July 15, 2019. /Lim Huey Teng/File PhotoKUALA LUMPUR () – A Malaysian court on Monday postponed for a week the biggest of five trials linked to a multi-billion-dollar scam at state fund 1MDB and allegedly involving former prime

Pimco Income Fund, run by Dan Ivascyn, whipsawed by big bond rally

NEW YORK () – The massive rally in Treasuries has whipsawed the biggest name in the bond world. FILE PHOTO: Daniel Ivascyn (L), of Pacific Investment Management Company (PIMCO), participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. /Steve Marcus/File PhotoPimco group chief investment officer Dan

Australia shares track Wall Street gains, energy firms lead

* Heavyweight financials help benchmark surge * Rise in oil prices lifts energy stocks * Gold miners retreat on weaker prices By Aby Jose Koilparambil Aug 19 () – Australian shares gained on Monday, powered by energy firms and heavyweight financial stocks as retreating recession worries helped Wall Street eke out gains after a tumultuous

Cathay Pacific shares rise 2.3 pct after CEO Hogg resigns

FILE PHOTO: A plane flies behind a new Cathay Pacific Airways Airbus A350 after being received by the airline at Hong Kong Airport, China May 30, 2016. /Bobby Yip/File PhotoHONG KONG () – Shares of Cathay Pacific Airways (0293.HK) rose more than 2 percent early on Monday after CEO Rupert Hogg resigned in a shock

Buyout firm Centerbridge nears $1.5 bln deal for GoHealth -sources

Aug 18 () – Private equity firm Centerbridge Partners LP is nearing a deal to acquire a majority stake in GoHealth LLC that could value the U.S. online health insurance marketplace at about $1.5 billion, people familiar with the matter said on Sunday. A deal could be announced as early as Monday, the sources said,

More mass protests planned in Hong Kong after peaceful weekend of rallies

HONG KONG () – Hong Kong is gearing up for more protests this week after hundreds of thousands of anti-government demonstrators braved heavy rain to rally peacefully on Sunday, marking a change to what have often been violent clashes. Anti-extradition bill protesters march to demand democracy and political reforms, in Hong Kong, China August 18,

U.S. President Trump does not want to do business with China’s Huawei

FILE PHOTO: People look at products at the Huawei stall at the International Consumer Electronics Expo in Beijing, China August 2, 2019. /Thomas PeterWASHINGTON () – U.S. President Donald Trump on Sunday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a

UPDATE 7-Hong Kong protesters throng streets peacefully in pouring rain

HONG KONG () – Hundreds of thousands of anti-government protesters rallied peacefully in Hong Kong on Sunday, filling major thoroughfares under torrential downpours in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Sunday’s turnout showed that the movement still has broad-based support despite the ugly scenes witnessed in

Australia shares likely to start week higher; NZ up

Aug 19 () – Australian shares are set to open higher on Monday following a strong Wall Street close on Friday, where news of potential German economic stimulus brought buyers back to the equities market. Germany’s coalition government is willing to suspend its balanced budget rule and take on debt, according to Der Spiegel magazine,

JPMorgan to brief clients on volatility in equity markets

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. /Mike Segar() – JPMorgan Chase & Co (JPM.N) plans to host a conference call for clients on Tuesday to address recent market moves, after last week’s inversion of

UPDATE 6-Hong Kong protesters throng streets peacefully in pouring rain

HONG KONG () – Hundreds of thousands of anti-government protesters rallied peacefully in Hong Kong on Sunday, filling major thoroughfares under torrential downpours in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Sunday’s turnout showed that the movement still has broad-based support despite the ugly scenes witnessed in

Box Office: ‘Good Boys’ Leads Crowded Weekend With $21 Million

LOS ANGELES, (Variety.com) – The Bean Bag Boys, the self-appointed nickname for the trio of best friends in Universal’s “Good Boys,” are conquering much more than sixth grade. They are also leading the domestic box office, exceeding expectations and collecting $21 million on opening weekend. FILE PHOTO: Cast members Keith L. Williams, Jacob Tremblay, Brady

UPDATE 1-Protecting Singapore from rising sea levels could cost S$100 bln

SINGAPORE () – Protecting Singapore against rising sea levels could cost S$100 billion ($72 billion) or more over 100 years, its prime minister said on Sunday, as the low-lying island-state makes preparations to mitigate the impact of global warming. FILE PHOTO: Passers-by hold their mobile phones as people take a selfie photo using a smartphone,

UPDATE 5-Hong Kong protesters throng streets peacefully in heavy rain

HONG KONG () – Hundreds of thousands of anti-government protesters rallied peacefully in Hong Kong on Sunday, filling major thoroughfares in sometimes torrential rain in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Sunday’s turnout showed that the movement still has broad-based support despite the ugly scenes witnessed

UPDATE 4-Hong Kong protesters throng streets in heat and heavy rain

HONG KONG () – Hundreds of thousands of anti-government protesters joined a mass rally in Hong Kong on Sunday, filling major thoroughfares in heavy rain in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Sunday’s turnout showed that the movement still has broad-based support despite the ugly scenes

Australia unveils roadmap for speeding changes to clean up banking sector

MELBOURNE, Aug 18 () – Australia’s treasurer on Sunday released a roadmap outlining how the government intends to push for swift implementation of recommendations from a high-powered inquiry for changes to help clean up the country’s financial sector. A government-appointed inquiry, known as a Royal Commission, in February made 76 recommendations after months of revelations

UPDATE 3-Hong Kong protesters throng streets under heavy rain

HONG KONG () – At least 100,000 anti-government protesters joined a mass rally in Hong Kong on Sunday, filling major thoroughfares in heavy rain in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Sunday’s turnout showed that the movement still has broad-based support despite the ugly scenes witnessed

Africa development bank says risks to growth ‘increasing by the day’

DAR ES SALAAM, Aug 18 () – The U.S.-China trade war and uncertainty over Brexit pose risks to Africa’s economic prospects that are “increasing by the day,” the head of the African Development Bank (AfDB) told . The trade dispute between the world’s two largest economies has roiled global markets and unnerved investors as it

UPDATE 2-Tens of thousands of Hong Kongers join anti-government rally

HONG KONG () – Tens of thousands of protesters poured into one of Hong Kong’s busiest shopping districts on Sunday, braving a downpour to join an anti-government rally in the eleventh week of what have been often violent demonstrations in the Asian financial hub. Anti-extradition bill protesters march to demand democracy and political reforms, in