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Peter Russell

Who is Kim Yo Jong? The North Korean leader’s little sister could be moving to bigger things, analysts say

5 years ago

“By letting his sister Kim Yo-jong lead the highly visible charge against the South, he is likely laying the groundwork for her elevation to a more senior position within the regime,” said Miha Hribernik, Head of Asia, Risk Insight at Verisk Maplecroft.
The younger Kim first came into the global limelight when she attended the opening ceremony of the 2018 Pyeongchang Winter Olympics. This made her the first from the Kim family set foot in South Korea.

Legal & General CEO urges UK government to adopt one-meter social-distancing measures

5 years ago

“I think business could adapt much, much better, including your own business, but every business on a one-meter rule,” Nigel Wilson, chief executive of Legal & General, told CNBC’s “Squawk Box Europe.”
His comments come after some business leaders and lawmakers have called on the government to relax the guidelines.
Downing Street said earlier this week that a review into the two-meter social distancing rule, designed to curb the spread of the virus, would be completed over the coming weeks.

Sudden, new coronavirus cluster in Beijing points to the growth challenges ahead for China

5 years ago

The reemergence of coronavirus cases in China’s capital city of Beijing over the weekend adds further uncertainty for businesses and consumers, who may be less willing to spend as a result.
“The resurgent panic will slow the pace of other cities’ reopening, hurt consumer confidence and drive up unemployment even further,“ says Dan Wang, analyst at The Economist Intelligence Unit (EIU).

Tesla drops again, bringing three-day loss to more than 18%

5 years ago

Tesla shares slid 9% on Thursday, building on the stock’s recent losses.
With Thursday’s decline, the shares are more than 18% below Monday’s close, a day when the stock surged following its split.
On Tuesday Tesla said it would raise up to $5 billion through a new stock offering, and on Wednesday the company’s largest outside shareholder said it reduced its position due to portfolio restrictions.

China says August exports beat expectations, jumping 9.5% from a year ago

5 years ago

China’s dollar-denominated exports rose 9.5% for the month of August while imports fell 2.1% in the same period, data from the country’s General Administration of Customs showed on Monday.
Economists polled by Reuters had expected exports to have climbed 7.1% in August from a year ago imports to rise 0.1% in the same period.
China posted a trade surplus of $58.93 billion for the month of August.

U.K. fines Commerzbank $47 million for lax money laundering controls

5 years ago

Britain has fined the London branch of Germany’s Commerzbank 37.8 million pounds ($47.3 million) for failing to have proper controls to prevent money laundering, the U.K.’s financial watchdog said on Wednesday.

Banks have to check the background of clients and by March 1, 2017, Commerzbank’s checks were overdue on 1,772 customers, the Financial Conduct Authority said.

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