News 

US intelligence turncoat gets 15 years for selling secrets to China

“A former U.S. intelligence officer has pleaded guilty to spying on behalf of China and agreed to a 15-year prison sentence, federal officials announced Friday” reports washingtonexaminer.com. Like the similarly-named Robert Philip Hanssen before him — the infamous former FBI agent who spied for the Russians from 1979 to 2001 — the Utah native was paid handsomely for the information.Chinese agents recruited Ron Rockwell Hansen in early 2014 and paid him hundreds of thousands of dollars.A new federal law bans the use of Chinese telecommunications systems by the U.S. government,…

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Ex-U.S. intelligence officer pleads guilty to attempted espionage for China

“In 2014, a Chinese intelligence service recruited Hansen, the Justice Department said” writes Midwest Communications Inc for 95kqds.com. The officer, Ron Rockwell Hansen, was accused of trying to transmit classified U.S. national defense information to China and receiving “hundreds of thousands of dollars” while illegally acting as an agent for the Chinese government.Hansen started working at the DIA, which specializes in military intelligence, in 2006 after his retirement from the U.S. Army, and held a top-secret security clearance for many years, according to the Justice Department. Source: 95kqds.com

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News Stocks 

S&P 500, Nasdaq close at 5-month high on China trade, global growth optimism

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The S&P 500 index SPX, +0.41% climbed 14 points, or 0.5%, to 2,822.48 and the Nasdaq Composite Index COMP, +0.76% advanced 57.62 points, 0.8%, to 7,688.53.U.S. stocks closed higher Friday, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. Source: marketwatch.com

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Foreign brands escape China’s glare at annual consumer day gala

“Known as “315”, in reference to global consumer rights day on March 15, the show this year did not put any household names under the spotlight” writes Midwest Communications Inc for 95kqds.com. Beijing has pledged to improve its protection of consumer rights and the country’s market regulator on Thursday said it received more than 3.7 million complaints and recovered 3.1 billion yuan in damages for consumers in 2018. Source: 95kqds.com

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China’s Premier Acknowledges Economic Slowdown, Promising Tax Cuts

“Li delivered his acknowledgment of the slowdown at an annual meeting with foreign and domestic reporters that the Chinese leadership often uses to outline its priorities to its people and the world” reports nytimes.com. However, recently released economic data has suggested that the government is indeed turning to monetary expansion and heavy infrastructure investments in an effort to stabilize growth.He appeared to be addressing concerns that the United States and some of its allies have been raising about Huawei, the Chinese technology giant. Source: nytimes.com

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GBP News Stocks 

Stocks struggle fore direction as investors parse trade news, weak Chinese economic data

“Boeing shares BA, -0.52% rose 0.6% early Thursday, though the stock has lost 10.1% so far this week” writes Markets Reporter for marketwatch.com. Stock markets in Asia ended Thursday lower after data showing that Chinese industrial production slowed more than expected in January and February.Bloomberg News reported Thursday that a meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, news that appeared to weigh on stock-index futures.The S&P 500 index SPX, -0.15% added 19.40 points, or 0.7%, to end at 2,810.92, its…

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Markets News Stocks 

China’s disappointing data dump weighs on Asia stocks

“Retail sales growth of 8.2% was in line with December but continues to hover at 15-year lows” writes Theron Mohamed for businessinsider.com. Chinese industrial output rose 5.3% in the first two months of 2019, its slowest rate of growth in 17 years, according to Reuters.Asian stocks slid on Thursday after China released a raft of uninspiring industrial, employment and retail data.Fixed-asset investment grew by 6.1% in the first two months of the year, up from 5.9% in the same period of 2018.There were a few bright spots in the data…

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Parents storm primary school in rotten food row

“Hundreds of parents have stormed a primary school in south-western China after learning their children were being fed rotten food, clashing with riot police and refusing to leave” writes Lily Kuo for theguardian.com. A doctor who inspected one student said the child appeared to have been eating rotten food for a prolonged period of time, according to one parent’s social media post.Some parents discovered supplies of frozen meat and produce growing mould and posted about them online. Source: theguardian.com

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Crypto Markets News Stocks 

Canaan Creative Secures ‘Several Hundred Million’ in Funding

“The company sells Avalon-branded high-performance ASIC-based mining machines for Bitcoin mining, which are designed and manufactured by the firm itself” writes Arnab Shome for financemagnates.com. Bitcoin miner manufacturer Canaan Creative has raised “several hundred million US dollars” in a fresh funding round.Canaan is the second largest Bitcoin mining hardware manufacturer in the world following Bitmain.As per an 11th March report by the Chinese financial news agency Securities Times, the inflow of cash has raised the valuation of the Chinese company to over a billion. Source: financemagnates.com

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Entrepreneur vanishes after accusing China’s most powerful judge of corruption…

“Zhou Qiang, the top judge Zhao accused of corruption, has attended the legislative meeting in Beijing, apparently unshaken by the accusations” writes Chris Buckley for independent.co.uk. He accused officials of stealing his rights to coal-rich land, and ignited a furore by accusing China’s most powerful judge of corruption.He also revealed that a disgruntled judge on the court, Wang Linqing, claimed that China’s top judge, Zhou Qiang, tried to ensure that judges did not rule in Zhao’s favour. Source: independent.co.uk

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