
BEIJING (REUTERS) – Chinese Vice-Premier Liu He exchanged views with US Treasury Secretary Janet Yellen on issues of mutual “concern”, in his second virtual call in a week with top economic and trade officials under the US Biden administration. Mr Liu, who has led China’s negotiations in Sino-US trade talks since former US president Donald Trump went on a trade war with Beijing, held a similarly “candid” exchange with US Trade Representative Katherine Tai on May 26. China’s increased engagement between the trade and economic chiefs of the world’s largest economy, since Mr Joe Biden took office in January, comes as the US administration criticises Beijing on human rights abuses and seeks to rally other rich nations to form a united front on China. “Secretary Yellen discussed the Biden-Harris administration’s plans to support a continued strong economic recovery and the importance of cooperating on areas that are in US interests, while at the same time frankly tackling issues of concern,” the US Treasury Department said in a brief statement. In Mr Liu’s video call with Ms Yellen on Wednesday (June 2), both sides conducted extensive exchanges on the macroeconomic situation and bilateral and multilateral cooperation, the official Xinhua news agency reported. “The two sides believed that
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesLast spring, the U.S. Securities and Exchange Commission admonished Tesla and CEO Elon Musk for allegedly violating terms of a 2019 revised settlement agreement, according to correspondence first obtained and reported on by the Wall Street Journal.SEC officials pointed to a tweet on May 1, 2020, in which Musk said that Tesla’s stock price was “too high,” prompting a more than $13 billion decline in the company’s market value, according to the report. The SEC also pointed to Musk tweets from 2019, where he discussed solar roof production numbers without obtaining pre-approvals, the Journal said.While the securities regulators monitored Musk’s use of Twitter amid the pandemic, and confronted him and Tesla via correspondence, they did not file a motion to compel enforcement of the settlement agreement.Musk is required to have Tesla-related tweets that contain material company information approved by an attorney before posting them. A so-called “twitter sitter” was part of a revised settlement agreement struck between the SEC, Musk and Tesla. The settlement terms also required Musk
(RTTNews) – The Hong Kong stock market has climbed higher in three straight sessions, jumping more than 350 points or 1.3 percent along the way. The Hang Seng Index now rests just shy of the 29.470-point plateau although it may spin its wheels on Wednesday. The global forecast for the Asian markets roughly flat, with optimism for economic recovery offset by inflation concerns. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead. The Hang Seng finished sharply higher on Tuesday following gains from the properties, casinos and oil and technology stocks. For the day, the index advanced 316.20 points or 1.08 percent to finish at 29,468.00 after trading between 29,036.45 and 29,480.16. Among the actives, AAC Technologies collected 0.64 percent, while AIA Group gained 1.21 percent, Alibaba Group surged 3.41 percent, Alibaba Health Info jumped 2.39 percent, ANTA Sports climbed 2.27 percent, China Life Insurance skidded 0.98 percent, China Mengniu Dairy tumbled 1.70 percent, China Petroleum and Chemical (Sinopec) rallied 2.18 percent, China Resources Land rose 0.96 percent, CITIC sank 0.89 percent, CNOOC spiked 3.32 percent, CSPC Pharmaceutical dipped 0.16 percent, Galaxy Entertainment soared 3.34 percent,
ROME (NYTIMES) – Pope Francis has broadened the Roman Catholic Church’s definition of sexual abuse by revising its penal code to explicitly acknowledge that adults, and not only children, can be victimised by priests and powerful laypeople who abuse their offices. The Vatican announced on Tuesday (June 1) that Francis had made changes to the Vatican’s Code of Canon Law, the legal framework for the world’s 1.3 billion Catholics, after years of consultations. The revisions – the first since 1983 – are part of the church’s continued process of seeking to address gaps in its response to the sexual abuse scandal that has devastated the Catholic church over the past quarter century. The changes reflect a new appreciation in the church that imbalances in power dynamics can be a key factor in sexual abuse, stemming in part from revelations in recent years that the church had failed to respond when adult seminary students were abused by powerful prelates, such as the disgraced former cardinal archbishop of Washington, Theodore E. McCarrick. “It is necessary that these norms be closely related to social changes and the new needs of the People of God,” the pope wrote last month in
WEST DES MOINES, Iowa, June 1, 2021 /PRNewswire/ — Re:Iowa Student Loan Liquidity Corporation Student Loan Asset-Backed Notes, Series 2005-1 (the “2005-1 Notes”), consisting of:$75,305,760 Class A-3 Notes, CUSIP: 462592AC0$12,475,354 Class B Notes, CUSIP: 462592AD8 Iowa Student Loan Liquidity Corporation Student Loan Asset-Backed Notes, Series 2011-1 (Libor Floating Rate Notes) (the “2011-1 Notes”), consisting of:$97,516,328 CUSIP: 462590HW3Iowa Student Loan Liquidity Corporation Student Loan Asset-Backed Notes, Series 2012-1 (Libor Floating Rate Notes) (the “2012-1 Notes”), consisting of:$142,325,871 Class A Notes, CUSIP: 462590JS0$10,000,000 Class B Notes, CUSIP: 462590JT8 As Issuer of the outstanding 2005-1 Notes, 2011-1 Notes and 2012-1 Notes, Iowa Student Loan Liquidity Corporation (“ISL”) today announced the results of consent solicitations seeking consent from the holders of each of the 2005-1 Notes, 2011-1 Notes and 2012-1 Notes (collectively, the “Notes”) to amend the respective indentures governing the Notes to permit early redemptions thereof. D.F. King & Co., Inc. as Tabulation Agent reports that it received the necessary consents for all three series of Notes prior to the expiration of the solicitation period at 5:00 p.m.New York City time on May 27, 2021.Having received the consent of holders of a majority in aggregate principal amount of each series of
Seven years after spinning out of LinkedIn, cloud software developer Confluent is going public.Confluent, which sells software that developers can use to quickly move data for use inside applications, filed its IPO prospectus on Tuesday, seeking to become the latest enterprise business to go from open-source project to multibillion-dollar public company.Revenue in the first quarter jumped 51% from a year earlier to $77 million, with most of its sales coming through subscriptions. The company’s let loss widened to $44.5 million from $33.6 million, as sales and marketing costs jumped.At the foundation of Confluent’s software is Apache Kafka, which got its start inside of LinkedIn. The founders of Confluent — Jay Kreps, Jun Rao and Neha Narkhede — created Kafka in 2011 and then formed Confluent in 2014 with an investment of about $500,000 from LinkedIn. The company was most recently valued at $4.5 billion in a round last year led by Coatue Management and Altimeter Capital.”We rolled it out at scale for early use cases at LinkedIn, handling data streams with billions of messages,” Kreps, Confluent’s CEO, wrote in a letter in the prospectus. “But even then, our ambition was bigger. Kafka was built to be open source, and we
WASHINGTON (NYTIMES) – US President Joe Biden on Tuesday (June 1) issued a presidential proclamation recognising June as Pride Month, vowing to fight for full equality for the LGBTQ community to be codified into law. The official acknowledgement of Pride, a month typically defined for many in the community by marches, parades and parties across the United States, offered Mr Biden his latest opportunity to contrast his own priorities with those of his most recent predecessor. Last year, former president Donald Trump steadfastly ignored Pride, refusing to acknowledge the celebration with even a presidential tweet. Embassies overseas were prohibited from flying the Pride flag. The Trump administration also rolled back a 2016 regulation that mandated health care as a civil right for transgender patients under the Affordable Care Act, and activists worried that their rights were being systematically scrubbed after LGBT rights pages quietly disappeared in 2017 from the official White House website and other federal websites. “For the past four years, it was difficult to get out of bed,” said Mr Alphonso B. David, president of the Human Rights Campaign, the largest LGBTQ advocacy group. “It was difficult to get out of bed because you understood
NEW YORK, June 1, 2021 /PRNewswire/ — Xcel Brands, Inc. (NASDAQ: XELB), a media and consumer products company engaged in the design, production, marketing, wholesale, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods and other consumer products, today announces Heather Bogen will join the company as the President of Wholesale Apparel. Bogen will support Xcel Brands’ successful acquisition of dynamic consumer lifestyle brands through her extensive expertise in the fashion industry. Bogen joins Xcel Brands with a demonstrated history of working in the apparel space as a hands-on leader and sales-driven strategist. Over the span of her career, Bogen has held leadership positions with global companies including G-III Apparel Group, LVMH, Jones Apparel Group, Donna Karen and Isaac Mizrahi. She has been credited for consistently driving sales, increasing profit margins, and building successful business plans. “We are pleased to welcome Heather to Xcel Brands as she brings nearly 30 years of highly relevant wholesale apparel expertise,” stated Robert W. D’Loren, Chairman and Chief Executive Officer of Xcel Brands. “Heather is a great leader and will be a valuable addition to the team as we continue to propel our fashion and apparel business forward.”Bogen aims to exponentially increase wholesale
PUEBLA, MEXICO (AFP) – A giant sinkhole that was expanding by dozens of meters each day has alarmed residents in a rural area of central Mexico where it was threatening to swallow a house. When the Sanchez family heard a loud crash on Saturday (May 29), they first thought that it was a lightning strike. But they soon discovered that the ground had collapsed just meters from their home in a field in Santa Maria Zacatepec in the state of Puebla. The hole, which is full of water, was about 30 metres wide by Sunday. It rapidly grew to 60 metres on Monday and around 80 metres on Tuesday, the authorities said, coming perilously close to the house of the Sanchez family, who fear they will be left homeless. “We have nothing. We’re not from here. We have no relatives. We’re alone,” Mr Heriberto Sanchez, originally from the southeastern state of Veracruz, told the media. Scientists and the authorities were considering hypotheses including a geological fault or variations in the soil’s water content as the possible causes. As the sinkhole has grown, large chunks of earth continually have broken away from the rim, scaring
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