Product dumping forced Technology Transfers and the theft of intellectual property. And also trade secrets on a grand scale. The market is still on edge as the repo market crisis continues to persist despite the 400000000000 dollars already pumped into the system by the fed over the past week this temporary problem this Technical Glitch is not resolving itself as they previously reassure the markets that continued rhetoric from the fed was that everythings under control and that these are merely short term funding shortfalls that will soon disappear once the tax payment and bill sediments were absorbed well that has all been proven false instead the dollar funding shortage is excel or rating as both overnight and term we both were both oversubscribed today there were the total of a 142000000000. 00. Dollars of funding needed on tuesday the highest yet the fed Just Announced its 1st 30000000000. 00 term able operation and that was the 1st in over a decade and in merrily 30 minutes it wa
Fierce. About 90 miles east of daytona is where it sits right now after really devastating the bahamas. David i dont think we still understand the extent of it. It is really tragic what happened in the bahamas. Theres a lot of rain and water coming. The storm surge they are worried about up and down the coast. Alix in the markets we are paying attention to the broader political sphere. 8 10 upres up by by 0. 8 . The cable rate up over 1 . Yields in the u. S. Now up by three basis points. Commodities, buy everything but the u. S. Dollar. Time now for the global exchange. Joining us in hong kong is bloombergs chief north asia correspondent stephen engle. From outside westminster is bloombergs anna edwards, and from new york is bloombergs michael mckee. First we want to start with hong kong, where leader carrie lam announced the government will formerly will formally withdraw the extradition bill. M the government will fully withdraw the bill in order to relay consent. Alix can we say the
International Companies Due to political tensions with beijing. Now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says its trying to calm months of unrests in the semi autonomous city. At a meeting this week in change in city bordering hong kong Senior Executives from nearly 100. 00 of chinas largest state run Companies Including oil giant scientific and conglomerate China Merchants Group were urged to do their part to help cool chinas biggest political crisis in years at the meeting the air so hes pledged to invest more in key Hong Kong Industries including real estate and tourism in a bid to create jobs for local citizens and stabilize Financial Markets the director from beijing went further than to simply urge investment in Hong Kong Companies but to develop a controlling stake in companies the move would extend to mainland chinas inf
A letter saying that a swift and certain implementation was simply not credible the elizee says its sticking with its plans to buy data and Analytics Group within it to. Now at the same time the 2nd biggest i. P. O. This year could soon come hong kongs way Bloomberg News reports that hasa bush in bed has revived plans to raise 5000000000. 00 through an i. P. O. In hong kong the brewing giant behind brands such as Stella Artois and u. S. Provisos said its asia pacific subsidiary has resumed its application for the listing of a Minority Stake of its shares on the Hong Kong Stock Exchange the move could be a boost for hong kong bourse which has recently been battling to win listings by International Companies due to political tensions with beijing. Now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says its trying to calm months of unrests i
Include Police Brutality and those who have filed complaints on the anti extradition bill although lam again reiterated the bill is dead the crowd pushed on why the word withdraw has not been used meantime antigovernment protesters are gearing up for another weekend of demonstrations we spoke to one organizer who included an additional demand on allegations of surveillance in the kuantan district well continue to insist on our 5 demands and on top of this we are going to voice our concern on the intelligence street lights is taught by the government on various districts including the quinton district well go with that when the government setting up these kind of smart street lights you know and in our city there are comes all of this kind of like street lights and then these kind of can be quiet with Ai Technology can recognize our faces and when. We were captured by this cams dont we will be under surveillance of the government but some on the progovernment side dont understand why th