Former Hong Kong governor: China's proposed national security law should be on G7 agenda
Sunday, 24 May 2020 The United Kingdom should ensure that China's efforts to impose a new national security law on Hong Kong are on the agenda for the G7 meeting in June, Chris Patten, the last British governor of Hong Kong wrote in the Financial Times newspaper on Sunday.
Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.
Hong Kong pro-democracy activists are discussing a plan to create an unofficial parliament-in-exile to keep the flame of freedom alive and send a message to China that freedom cannot be crushed, campaigner Simon Cheng told Reuters on Thursday (July 2). Soraya Ali reports.
The former governor of Hong Kong Lord Patten has called on Boris Johnson to hold up Britain's 'political and moral obligation' to protect the territory from China's plans to impose new security laws. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Indian Ambassador to the US, Taranjit Singh Sandhu while referring to a recent telephonic conversation between Indian Prime Minister Narendra Modi and US President Donald Trump, said that the two leaders have been in "regular touch" and senior officials of two countries have been talking to each other. The Ambassador said India will be happy to work with the US as far as President Trump's desire to expand G-7 is concerned.
Germany is still awaiting confirmation from the United States that it plans to withdraw 9,500 troops from the country. According to one senior Washington official, President Donald Trump gave the order last Friday. Adam Reed reports.
US President Donald Trump, having cancelled the planned summer G7 meeting, said on Wednesday he was now considering rescheduling the event in Washington DC. The White House incumbent said it would be a “great sign to all” of things returning to normal during the coronavirus pandemic. Downing Street said the UK Government continued to be in talks with the US over how a summit could take place.
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Peter Kneffel/picture alliance via Getty Images The Philippines is investigating local businesses that partnered the collapsed German payments company Wirecard, the Financial Times reported. Wirecard went into administration and its former CEO Markus Braun was arrested after the firm claimed that more than $2 billion had disappeared from its balance sheet. Its auditor EY said the firm committed elaborate fraud.
Market Insider reports that Amazon raised $10 billion in corporate debt markets Monday. That includes a $1 billion bond yielding just 0.4%. According to the Financial Times reported that this was the lowest interest rate for any bond in US corporate history. Amazon has clearly come out as a winner during the pandemic. It saw its $10 billion offering being oversubscribed by more than three times, the FT said.
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Mercedes-AMG CEO Tobias Moers, according to a source familiar with the matter who spoke with Reuters on Sunday. Gloria Tso reports.
Indian Envoy to UN Rajiv Kumar Chander in Geneva said that the country has been keeping a close watch on the recent developments in Hong Kong and and urged the global body to address related concerns..
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