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While bankers said Chinese bidders with strong overseas business presence and balance sheets would still be able to compete for Hong Kong financial assets, the curbs are expected to open up the field for non-Chinese firms. Beijing-based JD Group is selling its Hong Kong insurance unit, FTLife Insurance, and potential bidders are likely to include Hong Kong’s Chow Tai Fook Enterprises (CTFE), Asian private equity firm PAG and a Japanese insurer. JD Group, FTLife and CTFE did not respond to requests for comment, while PAG declined to comment.

Taiwan’s Fubon Financial (2881.TW) is also looking to sell its Hong Kong banking unit, likely to be valued at over $1 billion, and investment bankers are rushing to tap potential bidders from Singapore, Malaysia and elsewhere, two of the people said, Fubon Financial steel x shaped crystal cufflinks declined to comment, while Fubon Bank did not respond, “Regulations are making people more cautious in thinking about insurance deals,” said Samson Lo, UBS’s head of Asia M&A, “Those who are able to pay above and beyond are non-traditional buyers such as private equity companies, The buyer’s universe has become more diverse.”..

LAS VEGAS (Reuters) - Amazon.com Inc (AMZN.O) said on Tuesday it was starting a new antenna service for uploading and downloading data from satellites, in a bid to lure space industry and other customers to the cloud. The world’s No. 1 cloud computing company said it was aiming to make data transfers from space cheaper and easier through 12 antennas that will allow direct transmission to its data centers across the globe. The company also announced a partnership with Lockheed Martin Corp (LMT.N), whose satellite receivers would connect directly to AWS Ground Stations to help manage data downloads in real time and meet unanticipated demand.

Amazon said the capability would be available to AWS customers in the government or regulated industries, a key area for the company as it bids steel x shaped crystal cufflinks for a $10 billion contract with the U.S, Department of Defense, “It’s not so simple dealing with satellites if you actually want to be able to upload and download data,” said Andy Jassy, Amazon Web Services’ chief executive, He was in Las Vegas to announce the service, which he called a “total game changer for how people can interact with satellites.”..

NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war. All three of Wall Street’s major indexes reversed losses following Kudlow’s comments days ahead of the high-stakes dinner between Trump and Xi Jinping after the G20 summit in Buenos Aires. But Kudlow also said the White House has been disappointed so far in China’s response to trade issues with the United States. On Monday, Trump threatened to move ahead with additional tariffs on Chinese goods, due to take effect on Jan. 1.

“The volatility we’re seeing this afternoon is related to Kudlow’s comments,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, “Across all sectors you see the market bouncing up and down and being very unsettled, And it’s steel x shaped crystal cufflinks primarily the tariff issue overhanging the market.”, General Motors Co (GM.N) shares dropped 2.5 percent after Trump warned subsidies could be cut after the automaker said it would shutter U.S, plants and lay off thousands of workers..

“The GM thing is a war of words,” Ghriskey said. “Here’s a company trying to react to the market environment .. and they’re being criticized for it.”. The Dow Jones Industrial Average .DJI rose 108.49 points, or 0.44 percent, to 24,748.73, the S&P 500 .SPX gained 8.75 points, or 0.33 percent, to 2,682.2 and the Nasdaq Composite .IXIC added 0.85 point, or 0.01 percent, to 7,082.70. Of the 11 major sectors in the S&P 500, all but three closed the session in positive territory. Healthcare .SPXHC was the biggest percentage gainer with a 0.99 percent increase, followed by gains in defensive sectors such as consumer staples .SPLRCS, utilities .SPLRCU and real estate .SPLRCR.

Trade-sensitive industrials .SPLRCI and materials .SPLRCM sectors were down, as was energy .SPNY, U.S, steel company stocks dropped as China’s steel sector slid into bear territory, with the benchmark rebar contract SRBcv1 down more than 20 percent from its 2018 peak, US Steel Corp (X.N) slid 8.3 percent, while AK Steel Holdings (AKS.N) fell 4.6 percent, Budget airline Spirit Airlines Inc (SAVE.N) took off, its stock rising 15.3 percent after hiking fourth-quarter unit revenue guidance, Shares of drugmaker Bristol-Myers Squibb Co (BMY.N) fell after its lung steel x shaped crystal cufflinks cancer therapy fell short of goals in a late-stage trial, Its shares closed down 3.0 percent..

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