By , HONG KONG (Reuters) - Beijing’s top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were “clowning actions” that would not frighten or intimidate Chinese people.Separately, the Hong Kong government said the sanctions were “shameless and despicable” and represented “blatant and barbaric” interference in China’s internal affairs.“We will not be intimidated,” a government spokesman said.The United States on Friday imposed sanctions on Luo Huining, the head of China’s Liaison Office, as well as Hong Kong...…By , HONG KONG (Reuters) - Beijing’s top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were “clowning actions” that would not frighten or intimidate Chinese people.Separately, the Hong Kong government said the sanctions were “shameless and despicable” and represented “blatant and barbaric” interference in China’s internal affairs.“We will not be intimidated,” a government spokesman said.The United States on Friday imposed sanctions on Luo Huining, the head of China’s Liaison Office, as well as Hong Kong...WW…

By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...…By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...WW…

By , HONG KONG/ SHANGHAI (Reuters) - Wall Street firms in Hong Kong including Goldman Sachs and JPMorgan on Monday moved to reduce exposure to Chinese telecom companies named in a U.S. ban on investments in companies Washington considers linked to China’s military.Goldman Sachs, JPMorgan and Morgan Stanley said in filings to the Stock Exchange of Hong Kong that they were beginning steps to terminate 500 Hong Kong-listed structured products they issued to investors with links to values of telecom companies China Mobile, China Telecom and China Unicom or local indexes including the Hang Seng...…By , HONG KONG/ SHANGHAI (Reuters) - Wall Street firms in Hong Kong including Goldman Sachs and JPMorgan on Monday moved to reduce exposure to Chinese telecom companies named in a U.S. ban on investments in companies Washington considers linked to China’s military.Goldman Sachs, JPMorgan and Morgan Stanley said in filings to the Stock Exchange of Hong Kong that they were beginning steps to terminate 500 Hong Kong-listed structured products they issued to investors with links to values of telecom companies China Mobile, China Telecom and China Unicom or local indexes including the Hang Seng...WW…

By , , HONG KONG/LONDON (Reuters) - Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of...…By , , HONG KONG/LONDON (Reuters) - Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of...WW…