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The Friday figure

Newborn Star
Newborn Star
Joined: 1:59 AM - Jul 04, 2018

12:41 AM - Jul 11, 2018 #1

CAIRO Authentic TJ Brodie Jersey , Jan. 8 (Xinhua) -- An Egyptian court Thursday decided that April 21 will be the date to sentence ousted President Mohamed Morsi for killing protesters, the official news agency MENA reported.

The case dates back to December 2012, when supporters of the Muslim Brotherhood, from which Morsi hails, tore through a demonstration camp organized by Morsi's opponents outside the Itihadyya presidential palace.

His supporters dispersed the protesters, broke into and burnt their tents in addition to shooting at them. The incident left 10 people dead, including a journalist, and dozens injured.

Morsi and another 14 prominent figures from the Brotherhood were charged with incitement and involvement in the killing of the ousted president's adversaries who were protesting against the appended constitutional declaration announced on November 2012, which privileged Morsi with absolute power.

Morsi, Egypt's first freely elected president, was ousted by then army chief Abdel Fattah al-Sisi in July 2013 in response to mass demonstrations against his rule.

The ex-president, along with top Brotherhood leaders, is facing other charges, including inciting violence, murder, espionage and insulting the judiciary authority.

RIO DE JANEIRO, June 8 (Xinhua) -- Hosts Brazil have been drawn in the same group as defending champions Australia at the Rio Paralympic Games wheelchair rugby tournament in August.

Canada and Britain were also placed in Group A during the competition draw on Wednesday.

Group B will comprise the USA, Japan, Sweden and France.

Australia beat Canada 66-51 in the wheelchair rugby final at the 2012 London Paralympics.

The competition will be played at Rio de Janeiro's Carioca 1 Arena from September 7 to 18.

BEIJING, Dec. 8 (Xinhua) - As China's stock market continues a record-breaking streak that includes a flux of mom-and-pop investors, some words of caution are in order.

It's not that one of the world's worst-performing markets does not deserve a rally or two, but even a "bull market" does not adequately describe the frenzy at the Shanghai and Shenzhen exchanges. In the last 11 trading days, two key stock indexes climbed around 20 percent, with the biggest one-day turnover hitting 1 trillion yuan (162 billion U.S. dollars).

Granted, the rising tide is not completely unfounded. All playing their part, the central bank recently had a considerable injection of liquidity as well as a benchmark rate cut, a stock trading link between Shanghai and Hong Kong was established, housing and high-yield investment markets both cooled, and A shares were on offer for cheaper price.

But all these factors appeared insufficient to put the stocks on fire. For example, the underwhelming Shanghai-Hong Kong Stock Connect proved less exciting than many had expected.

More broadly, the Chinese economy is still - painfully - adjusting to the so-called New Normal where growth will slow further, with Monday's trade numbers showing the latest weakening signs: exports and imports in November fell sharply below expectations.

But the big picture supposedly did little to affect the thinking of retail investors, who have recently been flooding brokerages and pushing the indexes to new highs.

For individual investors, who significantly outnumber institutional investors in domestic exchanges, greed now appears to triumph fear, with extraordinary, if not maniacal, numbers of new account openings and purchases that had not been seen for years.

Also unseen was the enormous role of leverage in this rally, as introduction of margin financing enabled investors to buy shares with borrowed money. Outstanding margin position is now around 850 billion yuan, more than double the figures reported at the end of June. Should trends reverse, the volatility must not be understated.

From a longer perspective, a sustained bull market is only a matter of time as China's deepening reform and opening-up is now on fast track to provide results.

The problem with a momentum market, however, is that one can't tell when the tide will turn. Therefore, it is necessary to ring some bells now as the red-hot market is rocketing a bit too fast.

DENVER, Jan. 5 (Xinhua) -- A small plane crashed at the Aspen Airport in the western U.S. state of Colorado Sunday afternoon, killing one of the three people aboard and injuring the other two, according to local media reports.

The crash occurred when the plane was attempting to land at the airport, also known as the Aspen-Pitkin County Airport.

The plane rocked back and forth after crashing to land and exploded into flames, witnesses said.

Fire engines and ambulances rushed to the scene within minutes of the accident.

Officials with the Federal Aviation Administration, the national aviation authority of the United States, said the airplane was a Bombardier Challenger 600, which came from Tucson, Arizona, to Aspen, a ski resort city about 160 kilometers southwest of Denver, the capital of Colorado.

BEIJING, Oct. 7 (Xinhua) -- China will put more police on roads to handle a travel peak and prevent accidents as the eight-day National Day holiday is coming to an end, the Ministry of Public Security said Saturday.

Traffic flow on major expressways on Friday increased 6.9 percent over the previous day and is expected to continue increasing when travelers begin to return from their holiday trips, said the traffic bureau of the ministry in a press release.

The Friday figure had a year-on-year growth of 23 percent, the statement said.

The ministry ordered more police patrols to monitor the traffic and cope with emergencies when large traffic influx emerges, and to assist drivers to avoid traffic jams.

It also urged drivers to avoid fatigue driving and follow traffic rules.