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U.S. State Department: U.S. Secretary of State Rubio will meet with Canada’s foreign minister on Thursday.

2026-08-20

U.S. State Department: U.S. Secretary of State Rubio will meet with Canada’s foreign minister on Thursday.

Other News
2026-08-19

Hong Kong stocks closed mixed after an early weak open. The Hang Seng Index finished up 0.09% at 25,495.07, while the Hang Seng Tech Index fell 1.21% to 4,682.05. Market turnover was HKD 253.175 bln. Baidu (09888.HK) dropped more than 11% after repor

Hong Kong stocks closed mixed after an early weak open. The Hang Seng Index finished up 0.09% at 25,495.07, while the Hang Seng Tech Index fell 1.21% to 4,682.05. Market turnover was HKD 253.175 bln. Baidu (09888.HK) dropped more than 11% after reporting results; China Unicom (00762.HK) slipped 12.4%. Semiconductors and optical-communications led sector declines, while gas, mainland property and mainland bank stocks outperformed. Other heavy decliners included 06683.HK (-19.5%), 01952.HK (-18.7%) and 06166.HK, 01347.HK, 03308.HK, 06869.HK (all down >10%); 09880.HK fell 9.8% and 00100.HK and 02208.HK lost >8%. Xiaomi (01810.HK) rose 5%, New Oriental (09901.HK) gained about 4%, Hong Kong Exchanges & Clearing (00388.HK) was up 2.37% after results and Tencent (00700.HK) added 1%.
2026-08-19

{"title":"Allianz\'s El-Erian: US Treasury buybacks lower long yields; watch for YIELD CONTROL risk, costs and short-lived effects","content":"Allianz chief economist El-Erian said long Treasury yields fell after the US Treasury expanded bond buyback

{"title":"Allianz\'s El-Erian: US Treasury buybacks lower long yields; watch for YIELD CONTROL risk, costs and short-lived effects","content":"Allianz chief economist El-Erian said long Treasury yields fell after the US Treasury expanded bond buybacks. He noted the buyback size is small in absolute terms and relative to net issuance, so the key market question is whether this foreshadows wider use of YIELD CONTROL. He warned YIELD CONTROL can suppress long-end yields and lower mortgage and other financing costs in the short term but carries side effects and unintended consequences. Such financial-engineering effects are typically short-lived; absent deeper policy changes, any yield compression is unlikely to be sustained."}
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