China Suspends US Military Visits to Hong Kong, Sanctions US-Based NGOs

China Suspends US Military Visits to Hong Kong, Sanctions US-Based NGOs – Reuters

China said US military ships and aircraft would not be allowed to visit Hong Kong, and also announced sanctions against several US non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”

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PRA Fines Citigroup’s UK Operations £44 Million for Failings in Their Regulatory Reporting Governance and Controls

PRA Fines Citigroup’s UK Operations £44 Million for Failings in Their Regulatory Reporting Governance and Controls – Bank of England

The PRA has imposed a combined financial penalty on Citigroup Global Markets Limited (CGML), Citibank N.A. London branch (CBNA London) and Citibank Europe Plc UK branch (CEP UK) (together, Citi) of £43.9 million for failings in relation to their internal controls and governance arrangements underpinning compliance with PRA regulatory reporting requirements. Between 19 June 2014 and 31 December 2018, or parts thereof, the firms’ UK regulatory reporting framework was not designed, implemented or operating effectively. This led to them failing to submit complete and accurate regulatory returns to the PRA.

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China’s Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal

China’s Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal – Bloomberg

China’s chief trade negotiator indicated he was “cautiously optimistic” about reaching a phase one deal with the US, as two titans of American diplomacy in Asia warned of the dangers of escalating the tariff war.

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‘Phase One’ US-China Trade Deal May Not Be Completed This Year: Trade Sources

‘Phase One’ US-China Trade Deal May Not Be Completed This Year: Trade Sources – Reuters

Completion of a “phase one” US-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

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