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GLOBAL MARKETS-Stocks slip from record highs before U.S. bank earnings

The dollar slipped on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.

Premia Partners announces listing of Hong Kong's first USD high yield bond ETF and in collaboration with BOCHK Asset Management Limited globally


Premia Partners announces listing of Hong Kong's first USD high yield bond ETF and in collaboration with BOCHK Asset Management Limited globally
14 aprile 2021 | 00.00
the first ETF for long duration Chinese government bonds
HONG KONG, April 13, 2021 /PRNewswire/ -- Premia Partners, a leading ETF provider in Hong Kong, announces today listing of two China bond ETFs at HKEx.
These physically replicated ETFs offer cost-efficient, unique and convenient access to the sweet spots in offshore China USD bond and onshoreChina government bond (CGB) markets.
*As of April 14
th 2021
"We are delighted to launch these unique ETFs that offer attractive risk-adjusted returns in this low yield environment," said Rebecca Chua, Managing Partner of Premia Partners. "Now without opening onshore China bond accounts, investors can conveniently access long duration CGBs onshore and high yield USD China bonds offshore through HKEx, and without stamp duty, withholding or capital gains tax."

Jarvis: Fanning the flames in a crisis

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“The Chinese flu,” he called it.
It’s this kind of trash, started by former U.S. president Donald Trump, that is feeding the surge in anti-Asian racism in North America and Europe during the pandemic.
Racial slurs, threats, attacks. People of Asian descent being spit on, told to “go home.” Even children and elderly people are targeted, on the street, in grocery stores, on public transit. It has left Asian Canadians fearful for their safety.
Reports by Statistics Canada, the Chinese Canadian National Council and police in multiple cities all document the hate and the hurt.
“The fact is it comes from China,” Vander Doelen told the Windsor Star’s Dave Battagello. He’s just stating the facts, he said, just calling it what it is.

Swiss watch expo switches to Shanghai after virtual debut


Swiss watch expo switches to Shanghai after virtual debut
Today
04:37 am JST
Today | 06:47 am JST
Zurich
Geneva's international expo of fine watches switches to Shanghai on Wednesday for a physical version after staging an online edition to keep the prestigious fair going during the pandemic.
The Salon International de la Haute Horlogerie, now restyled as Watches and Wonders, was cancelled last year due to the coronavirus crisis.
This year, with Europe battling a third wave of the pandemic, the fair -- one of the major annual gatherings for luxury watchmakers -- opened online on April 7, closing on Tuesday.
But an in-person version will run from Wednesday until Sunday in Shanghai, where the coronavirus is under control.

Dow Closes Lower, S&P Rises to Record


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Dow Jones
By Anna Hirtenstein and Amber Burton
The Dow Jones Industrial Average wobbled Tuesday as investors tried to gauge the impact of a halt in the rollout of Johnson & Johnson's Covid-19 vaccines and an uptick in inflation.
The blue-chip index inched down 68.13 points, or 0.2%, to 33677.27, stung by a 1.3% fall in J&J shares. The S&P 500 ticked up 13.60 points, or 0.3%, to 4141.59, setting a record closing high. The technology-heavy Nasdaq Composite climbed 146.10 points, or 1.1%, to 13996.10.
Health authorities recommended a pause in using the Johnson & Johnson vaccine following reports of blood clotting. The Food and Drug Administration and the Centers for Disease Control and Prevention are reviewing data involving six reported cases of clotting. The drugmaker said Tuesday that it would delay its vaccine rollout in Europe, which had been planned for later this month.

Memorial gravestone in honour of Co Antrim woman unveiled in Hong Kong

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Memorial gravestone in honour of Co Antrim woman unveiled in Hong Kong
A memorial gravestone to a Northern Ireland-born woman has been unveiled in Hong Kong. Elizabeth McBride, who was born in Ballycarry in Co Antrim, was buried in the Happy Valley Cemetery in November 1876. Picture by Rebecca Sin
Marie Louise McConville
14 April, 2021 01:00
Elizabeth McBride was the mother-in-law of Dr Jose Rizal, who is considered a national hero of the Philippines. Picture by Rebecca Sin
A memorial gravestone honouring a Northern Ireland-born woman has been unveiled in Hong Kong.
Elizabeth McBride, who was born in Ballycarry in Co Antrim, was buried in the Happy Valley Cemetery in November 1876.

Hong Kong Activist Joshua Wong Handed 4-Month Jail Sentence For Anti-China Protest

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by Tyler Durden
Tuesday, Apr 13, 2021 - 08:10 PM
The man who is arguably the most visible and prominent Hong Kong pro-independence activist, and long featured in Western media reports - Joshua Wong - has been
sentenced to four months in jail on Tuesday for "unauthorized assembly" as well as
violating an anti-mask law which was designed to expose protesters to identification by authorities. He and other activists have been accused of
"conspiracy to commit subversion". 
The 24-year old who has over the years semi-regularly traveled to the US, UK and Europe at the invitation of Western government officials, even having testified before US Congress, has long been a target of pro-Beijing authorities who have alleged a 'foreign hand' behind his pro-democracy activism. He is now among at least 47 people

Men Armed With Sledgehammers, Knife Attack Chinese Dissident Paper

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Men Armed With Sledgehammers, Knife Attack Chinese Dissident Paper
Epoch Times blames regime for fifth attack on printing plant
Yuichiro Kakutani • April 13, 2021 3:45 pm
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Armed thugs in Hong Kong broke into the printing facility of an anti-government newspaper to destroy its equipment, the latest example of what the paper says is the Chinese Communist Party's crackdown on press freedom in the city state.
The
Epoch
Times, a paper founded by Chinese dissidents in 2000, said four intruders forced their way into the paper's Hong Kong printing plant during the early hours of April 12. The intrusion marks the fifth time vandals attacked the printing facility since it was established in 2006.

Glaucoma May Be More than Just an Issue of Eye Pressure


Glaucoma May Be More than Just an Issue of Eye Pressure
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NEW YORK, April 13, 2021 /PRNewswire/ -- A chemical known to protect nerve cells also slows glaucoma, the leading cause of irreversible blindness, results of a new study in rats show.
Led by researchers at NYU Grossman School of Medicine, the study centers on the watery fluid inside the eye on which its function depends. Fluid pressure can build up in patients with glaucoma, wearing down cells in the eye and the nerves connecting them to the brain, researchers say.
However, past studies have shown the condition to continue to worsen even after eye pressure has been controlled. The connection between pressure buildup and impaired vision remains poorly understood.

China Awaits First Biden Administration Visitor; Possibly John Kerry

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By Patrick Goodenough
| April 13, 2021 | 1:55am EDT
Then-Secretary of State John Kerry and China’s climate change envoy Xie Zhenhua, right, at the talks that produced the Paris climate accord in December 2015. (Photo by Miguel Medina/AFP via Getty Images)
(Update: The State Department on Tuesday confirmed that John Kerry will travel to Shanghai, China, and Seoul, South Korea from Wednesday to Saturday.)
(CNSNews.com) – Climate envoy John Kerry will become the first senior Biden administration official to visit China, the country whose relationship with the U.S. has been described as the most consequential in the world.
State media outlets in China responded to the prospect of a visit with cautious optimism, characterizing Kerry as a known entity, and a “veteran diplomat who values face-to-face personal diplomacy to reach consensus.”

Hongkong International Terminals starts remote reefer container monitoring system

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Hongkong International Terminals starts remote reefer container monitoring system
Hongkong International
Terminals has launched its remote reefer container monitoring system. This enables round the clock automated remote management of all refrigerated containers. The system allows for greater insight on container conditions such as temperature, humidity and CO2 levels, which will greatly enhance the terminal’s operational efficiency and occupational safety, increasing its competitiveness in the growing cold chain logistics market.
Hong Kong handled around 900,000 TEU of reefer containers in 2020 and is the largest fresh fruit trading hub in South China, having achieved growth in durian and cherry shipments. Fresh produce worth more than US$3bn arrives at the hub annually, around 60% of which is then transported onward to mainland China.

XRP finds DeFi in Wanchain; Hong Kong Scammers Use Crypto As Bait


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Vivo catches heat in Hong Kong over flaming phones

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What you need to know
Vivo has been banned from Hong Kong Air Cargo over a fire incident.
Images and videos shared on social media appeared to show pallets containing Vivo phones burst into flames.
Vivo is investigating the incident,
Vivo phones have been reportedly banned from a Hong Kong Air Cargo, a subsidiary of Hong Kong Airlines, following a fire at a Hong Kong airport this week as reported by
Android Authority). The ban also encompasses two other companies, logistics companies Cargo Link Logistics HK Co Ltd and Sky Pacific Logistics HK Co Ltd.
The fire was reportedly caused by a shipment of Vivo phones at the airport, with a pallet carrying the devices erupting into flames. It's not clear whether it was due to improper handling by the logistic companies, or a flaw in the phone themselves that caused the conflagration.

Irvine Man Agrees to Plead Guilty to Tax Evasion

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Irvine Man Agrees to Plead Guilty to Tax Evasion
SANTA ANA—An Irvine, Calif., man has agreed to plead guilty to tax evasion for failing to report interest income from his bank accounts in Hong Kong and Singapore, federal prosecutors announced April 13.
Jean Guy Minn, 56, a South Korean national who lives in Irvine as a legal permanent resident, was charged April 13 with one count of tax evasion, according to the U.S. Attorney’s Office.
Minn allegedly filed a tax return in 2016 that failed to report $552,454 in interest income from a foreign bank account, so he failed to pay $162,369 in federal income tax that year, prosecutors said.

China Envoy To Canada Urges Against 'Decoupling'

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China Envoy To Canada Urges Against 'Decoupling'
04/13/21 AT 8:06 PM
Beijing's ambassador to Canada on Tuesday pushed back at growing calls in the West to disengage from China, saying this would risk unravelling globalization.
Ambassador Cong Peiwu, speaking at the Montreal Council on Foreign Relations, also pitched closer cooperation with Canada -- ostensibly an olive branch after two years of frayed diplomatic relations over tit-for-tat arrests of a Huawei executive and two Canadian nationals, or an attempt to hammer a wedge in a US-led alliance taking on Beijing.
"We are worried that because some people here in Western countries are preaching the idea of decoupling (with China)," the ambassador said.

Hong Kong coronavirus: new rules on social distancing, quarantine make no sense

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Letters |
Hong Kong coronavirus: new rules on social distancing, quarantine make no sense
Keeping social-distancing measures in place and requiring hotel quarantine for travellers not from the mainland do not fit with being a ‘low-risk area’
Monday’s news will not encourage people to get vaccinated as the slow easing of social-distancing measures will be met with a slow uptake of vaccinations

Kerry presses climate in first Biden official's trip to China

WASHINGTON: US climate envoy John Kerry will visit China this week in the first trip there by the Biden administration, seeking to raise global ambiti...

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