(RTTNews) - The Singapore stock market has moved lower in two of three trading days since the end of five-day winning streak in which it had summoned more than 110 points or 4.4 percent. The Straits Times Index now rests just above the 2,650-point plateau and it may take further damage on Friday. The global forecast for the Asian markets is soft on growing fears of another coronavirus wave. The European markets were down and the U.S. bourses were mostly in the red and the Asian markets figure to open in similar fashion. The STI finished modestly lower on Thursday following losses from the financial shares, property stocks and industrial issues. For the day, the index dropped 16.84 points or 0.63 percent to finish at 2,652.65 after trading between 2,652.07 and 2,679.98. Volume was 2.6 billion shares worth 1.09 billion Singapore dollars. Among the actives, CapitaLand Mall Trust plummeted 2.88 percent, while Hongkong Land Holdings plunged 2.42 percent, CapitaLand Commercial Trust tanked 2.22 percent, Yangzijiang Shipbuilding tumbled 1.56 percent, Singapore Press Holdings skidded 1.54 percent, Mapletree Commercial Trust retreated 1.51 percent, Ascendas REIT declined 1.21 percent, Keppel Corp surrendered 1.14 percent, Singapore Exchange spiked 1.09 percent, SembCorp Industries dropped 1.09
(RTTNews) - The South Korea stock market on Thursday wrote a finish to the two-day losing streak in which it had stumbled almost 30 points or 1.3 percent. The KOSPI now rests just beneath the 2,170-point plateau and it may extend its losses on Friday. The global forecast for the Asian markets is soft on growing fears of another coronavirus wave. The European markets were down and the U.S. bourses were mostly in the red and the Asian markets figure to open in similar fashion. The KOSPI finished modestly higher on Thursday following gains from the oil companies, weakness from the financials and industrials and a mixed picture from the technology stocks. For the day, the index added 9.02 points or 0.42 percent to finish at 2,167.90 after trading between 2,166.74 and 2,181.48. Volume was 609 million shares worth 12.8 trillion won. There were 421 decliners and 417 gainers. Among the actives, Shinhan Financial shed 0.67 percent, while KB Financial dropped 1.00 percent, Hana Financial retreated 1.12 percent, Samsung Electronics fell 0.38 percent, LG Electronics spiked 1.96 percent, SK Hynix dropped 0.84 percent, LG Chem surged 5.07 percent, Lotte Chemical tumbled 1.98 percent, S-Oil added 0.32 percent, SK Innovation gained
PARIS (REUTERS) - Paris' centuries-old Notre-Dame Cathedral will be rebuilt as it was before being engulfed in a fire last year, the public body in charge of its restoration said on Thursday (July 9). The April 15, 2019 blaze gutted the Gothic landmark and major tourist attraction, destroying the spire and roof in a disaster that stunned the nation. A national heritage and architectural commission approved plans to restore the cathedral to its last "complete, coherent and known" state, including the spire, the restoration body said in a statement. President Emmanuel Macron promised after the fire to rebuild Notre-Dame within five years, and later suggested that a contemporary design could be used for the spire. Church officials hope Notre-Dame will be open for mass by 2024, when Paris is due to host the Olympic Games.
On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced he is working with 14 American mayors to fund universal basic income (UBI) trials in their cities. The pilot programs will be run city by city and have not yet launched. Former presidential candidate Andrew Yang helped bring the idea of universal basic income into the mainstream and is funding his own UBI pilot program. Proponents say guaranteed incomes could help close America's growing wealth gap, while others say they could compound America's financial crisis by encouraging people to stop working. Visit Business Insider's homepage for more stories. Billionaire Jack Dorsey, the cofounder of Twitter, is spending millions to experiment with universal basic income. Dorsey's experiment is part of a larger initiative called Mayors for a Guaranteed Income. On Thursday, the group announced the program could impact as many as 7 million Americans across 14 different cities, including Los Angeles; Atlanta; Newark, New Jersey; and Jackson, Mississippi. The involved mayors say they plan to launch guaranteed income pilot programs in their cities at an unspecified future date and lobby federal lawyers to consider a national one, too. The coalition behind the experiment says giving people a guaranteed income could
Seoul mayor found dead after ‘#MeToo allegations’ Seoul’s outspoken mayor Park Won-soon, long seen as a potential South Korean presidential candidate, was found dead, police said on Friday (July 10). He was 64. A former Seoul City employee filed a police complaint – allegedly involving sexual harassment – against him on Wednesday. Park’s body was found on a mountain in northern Seoul, police said, hours after hundreds of officers started searching for him. If Park does prove to have killed himself, he would be the highest-profile South Korean politician to do so since former president Roh Moo-hyun, who jumped off a cliff in 2009 after being questioned over corruption allegations involving family members. READ MORE HERE France to restore Notre-Dame Cathedral as it was before inferno Paris' centuries-old Notre-Dame Cathedral will be rebuilt as it was before being engulfed in a fire last year, the public body in charge of its restoration said on Thursday (July 9). The April 15, 2019 blaze gutted the Gothic landmark and major tourist attraction, destroying the spire and roof in a disaster that stunned the nation. A national heritage and architectural commission approved plans to restore the cathedral to its last "complete, coherent and known" state, including the spire, the restoration body said in a statement. READ MORE HERE US charges man and sons who peddled bleach as coronavirus cure US authorities have charged the leader of a fake church and his three sons with conspiracy and contempt for selling a toxic bleach as a cure for Covid-19. The Florida man, Mark Grenon, had seized in April on remarks by President Donald Trump - who touted the possibility that injecting disinfectant could kill the virus - to flog a product he called the Miracle Mineral Solution (MMS). "Trump has got the MMS and all the info!!! Things are happening folks!" Grenon wrote on Facebook on April 24. "Lord help others to see the Truth!" READ MORE HERE Harvard is 'flooded' with worries of students barred from US Foreign students ready to attend college in the US are being turned away by a government ban on visas for those whose classes are online only, a lawyer for Harvard University told a judge weighing its request to freeze the new policy. "Quite honestly, your honour, we are getting flooded with inquiries and requests because of the policies being enforced at the borders as we speak," Bill Lee said on Thursday, at an online hearing over a lawsuit Harvard and the Massachusetts Institute of Technology filed against the government. Lee cited the example of a Harvard student he said is a citizen of Belarus and was barred from returning to the US, turned away at an airport in Minsk on Wednesday. READ MORE HERE Missing Glee star Naya Rivera presumed drowned in California lake, searchers say The search for former Glee star Naya Rivera turned from a rescue to a recovery mission on Thursday, with authorities saying they presumed she drowned while boating on a lake north of Los Angeles. Rivera, 33, who played high school cheerleader Santana Lopez in the television series until 2015, went missing on Wednesday after renting a boat on Lake Piru with her four-year-old son. “We are switching efforts to search and recovery efforts,” Ventura Country Sheriff’s spokesman Chris Dyer told reporters on Thursday. “We are presuming that an accident happened and that she drowned in the lake,” Dyer added. READ MORE HERE