of the sector with a focus on improving financial services and forestalling financial risks.
Opening-up of China’s financial factor has sped up, as the country re
moved foreign ownership caps of banks and financial asset management firms last year.
Richard Turnill, global chief investment strategist of BlackRock, an American global investment man
agement corporation, is also positive on China’s stocks market, according to the Barron’s report.
Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti
mulate its economy are also helpful to a bullish stock market.
However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b
rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.
Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo
under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.
Marvel’s “Black Panther” looked like a contender by claiming a pair of early awards, and made
history in the process: Ruth E. Carter and Hannah Beachler became the first African-American w
omen to win for costume design and production design, respectively. The film was also honored for its musical score.
”Roma” didn’t walk away empty handed, earing best foreig
n-language film. Its director, Alfonso Cuaron, was honored for directing and cin
ematography for the black-and-white period drama, a deeply personal look back at the women who raised him.
Cuaron’s marks the fifth time a Mexican director has won that
award in the past six years, a stretch that includes his previous win for “Gravity” in 2014.
Guillermo Del Toro — who presented the statuette to Cuaron — was t
he victor last year for “The Shape of Water.” The third member of the “Three Amigos,” as the
y are affectionately known, is Alejandro G. Iñárritu, a winner for “Birdman” and “The Revenant.”
Mahershala Ali received his second Oscar in three years for “Green Book,” and the film al
so won for original screenplay, despite separate controversies related to its director and w
riter. With his prior award for “Moonlight,” Ali becomes only the second African-American actor with multiple Os
cars, joining Denzel Washington. A tearful Regina King took the first award of the night, winning supporting actress f
or “If Beale Street Could Talk,” director Barry Jenkins’ adaptation of the James Baldwin novel.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
Sister Veronica Openibo, a Nigerian-born nun, is one of only three women to address an unprecedented Vatican summit on clergy sexual abuse.
She did not waste the opportunity.In clear, direct and unsparing language, Openibo challenged the church’s cult
ure of silence on sexual issues and said priests are too often put on pedestals. Openibo also criticized the pr
actice of letting elderly clergy who had abused children retire quietly with their pension and good names in place.
”Let us not hide such events anymore because of the fear of making mistakes,” Openibo said after reading a searing summ
ary of abuse cases she has heard about during her work on sexual education in Nigeria.
”Too often we want to keep silent until the storm has passed! This storm will not pass by. O
ur credibility is at stake.”Sister Veronica Openibo stands next to Chicago Archbishop Cardinal Blas
e J. Cupich, left, and Father Tomaz Mavric as they wait for the Pope’s arrival at the beginning of the third day of a Vat
ican’s conference on clergy sex abuse.
At one point, Openibo appeared to look toward Pope Francis, who was sitting on the
dais to her right, when calling for a policy of “zero tolerance” toward clergy who abuse children.
voters have spent in line to cast their ballots in the crucial election.
The incumbent, Muhammadu Buhari, 76, is running against 71 other ca
ndidates, but his main challenger is Atiku Abubakar, a 72-year-old business tycoo
n and former vice president. They are both Muslim candidates from the north of the country.
When Buhari, a former military ruler, was elected in 2015, it wa
s the first peaceful transition of power in Nigeria. He promised to offer a clean sweep of the old
routine, but many have been left disillusioned and angry at the rising levels of inequality and extreme poverty.
More than 84 million people registered for the vote in Africa’s largest economic p
ower, according to data from the Independent National Electoral Commission.
Videos have surfaced on social media reportedly showing the burni
ng of ballot papers and disruption of the electoral process in various parts of the country.
keep up with soaring prices of medications and medical instruments, doctors tell CNN.
European banks, fearing secondary US penalties, are reluctant to do business with Iranian companies even those not blacklisted b
y the US. Medical companies have had to resort to paying intermediaries exorbitant sums to secure ne
eded supplies, including imported medicines and medical instruments which have more than tripled in value du
ring Iran’s rapidly dropping currency, health professionals explain.Sanctions is the first problem in our country and in ou
r system. We can’t transfer the money and make the preparations for surgery. It’s a big problem for us,” says Dr. Mo
hammad Hassan Bani Asad, managing director of the Gandhi Hotel Hospital. “We have the procedures, but we don’t hav
e the instruments. It is very difficult for patients and maybe leads to death of some patients.”
Though most of Iran’s medicines are domestically manufactured, much of the primary materials, m
any of them imported, are in short supply. And while the state provides universal healthcare, so
me of the treatment needed for critical cases cannot be covered by state insurance.
”We must have faith,” Juventus coach Max Allegri told BT Sport.
”We’ll have some players back and there’s no point crying over spilled milk. We knew it was going to be tough, that Atletico Mad
rid force you to play badly, with a slow tempo. We moved the ball quicker in the first half, but not in the second.
”We got the approach wrong in the second half. It’s that simple. These things can happen, there will be great disappoint
ment after this 2-0, but we can turn it around. It won’t be easy, we need a great second leg, but it can be done and we must have faith.”
In the night’s other game, 10-man Manchester City came from behind to win 3-2 at German side Schalke.
Nabil Bentaleb scored two first-half penalties to cancel out Sergio Aguero’s opener and ensure Schalke led 2-1 at the interval.
City hit back in the second half, recovering from losing Nicolas Otamendi to a re
d card before goals from Leroy Sane and Raheem Sterling secured victory.
Pep Guardiola’s team had looked in control before the game was turned on its head by VAR.
One of the two witnesses says the committee has a photograph of a younger Geovanis apparently posing in a portrait with three partially clo
thed women. The portrait, once displayed in a Russian gallery under the title “The Capitalist,” depicts the subjects in front of a picture of th
e former Soviet leader Joseph Stalin. It’s not clear whether the portrait is a single photograph or a composite.
The witness told CNN that they were shown the photograph during questioning.A thi
rd witness has alleged in written testimony, seen by CNN, that Geovanis may be valuable in the mystery of
whether Russia has material on Trump that could be personally embarrassing to him.
Known by the nickname “Geo” to his friends, Geovanis was born in Brockton, Mass
achusetts, and is a graduate of Trump’s alma mater, the Wharton School at the Un
iversity of Pennsylvania. After starting his career in finance, Geovanis went to Moscow to work for a Russian ve
nture of a company called Brooke Group, which owned land earmarked for the site of a proposed Trump Tower. W
hen Trump came to town to promote the project, sources say, it was Geovanis’ job to show him around.
Also on the trip were Brooke Group’s owners, the real estate moguls Bennett LeBow and How
ard Lorber, who went on to become substantial donors to Trump’s 2016 presidential campaign. Trump pers
onally acknowledged the pair from the podium after he won the 2016 New York Republican primary.