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GLOBAL MARKETS-Stocks, dollar climb before Powell's Jackson Hole speech -

GLOBAL MARKETS-Stocks, dollar climb before Powell's Jackson Hole speechWorld stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. Britain's FTSE 100 index was up 0.64%. Powell is due to speak at 1400 GMT at a gathering of central bankers in Jackson Hole, Wyoming.


Fri, 23 Aug 2019 04:51:20 -0400

UPDATE 1-Huawei says impact of U.S. trade restrictions less than feared -

UPDATE 1-Huawei says impact of U.S. trade restrictions less than fearedChinese smartphone maker Huawei Technologies said on Friday its business has been less impacted by U.S. trade restrictions than the company had initially feared and it is "fully prepared" to live and work with U.S. sanctions. In its first assessment of the impact of the ban, Huawei founder and CEO Ren Zhengfei said in June U.S. trade restrictions would hit revenue by $30 billion this year. Washington said this week that it will extend by 90 days a reprieve that permits Huawei to buy from U.S. firms in order to supply existing customers, but it also moved to add more than 40 of Huawei's units to its economic blacklist.


Fri, 23 Aug 2019 04:49:53 -0400

Russian opposition leader Navalny released from jail -

Russian opposition leader Navalny released from jailRussian opposition leader Alexei Navalny has been released after spending a month in jail for calling for an unsanctioned protest. Navalny walked free on Friday and vowed to keep protesting against the Russian government. Navalny, along with several opposition activists, have led a protest movement earlier this summer against Russian election authorities' decision to bar nearly two dozen independent candidates from running for the Moscow city legislature in the Sept. 8 election.


Fri, 23 Aug 2019 04:44:56 -0400

UPDATE 1-FTSE rebounds ahead of Powell speech; Entertainment One soars -

UPDATE 1-FTSE rebounds ahead of Powell speech; Entertainment One soarsLondon's FTSE 100 bounced back on Friday as positive updates on trade talks between the United States and China and expectations of a dovish stance by U.S. Federal Reserve Chairman in his speech helped investors return to risk-taking. The FTSE 100 added 0.7% by 0811 GMT. The mid-cap FTSE 250 outperformed with a 1% rise, helped by a near 30% surge in Peppa Pig owner Entertainment One after it agreed to be bought by U.S. toy maker Hasbro.


Fri, 23 Aug 2019 04:44:40 -0400

EXPLAINER-Hong Kong's 'borrowed time': worry about 2047 hangs over protests -

EXPLAINER-Hong Kong's 'borrowed time': worry about 2047 hangs over protestsHong Kong's protest movement began as opposition to a now-suspended extradition bill but evolved into a direct challenge to the city's government and calls for full democracy. Beyond their immediate demands, many young protesters, express fears for the future - anxiety that reflects broader uncertainty over China's promise to Britain to maintain the freewheeling city's way of life for 50 years. Firstly, many Hong Kong people have watched what they see as Beijing's tightening grip on their city, from the detention of booksellers by mainland security agents to the expulsion of a foreign journalist, the jailing of young activists, sweeping legal interpretations by Beijing on city matters, and curbs on electoral freedom.


Fri, 23 Aug 2019 04:41:24 -0400


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