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UPDATE 1-Angels or demons? Political shadow hangs over Victoria's Secret China show

SHANGHAI, Nov 20- Victoria's Secret's glitzy annual fashion show hits the stage in China on Monday night for the first time, but will do so without several of its "angels" and star names who had been expected to attend, including model Gigi Hadid and pop singer Katy Perry. Perry and Hadid have both drawn criticism in state media and online in China, the former for...

Source: Reuters

UPDATE 2-Philippines' Duterte offers telecoms role to new ally China

*Offers the role of country's third telecoms operator to China. MANILA, Nov 20- Philippine President Rodrigo Duterte has offered China the "privilege" of being his country's third telecoms operator, his spokesman said on Monday, turning to a historic rival to break a longstanding duopoly that has frustrated consumers for years. In Beijing, Chinese Foreign...

Source: Reuters

Bitcoin hits new record high, breaking $8,000 for the first time

Bitcoin hit a fresh all-time high Sunday above the $8,000 mark after a wild week for the cryptocurrency.

Source: CNBC.com

Philippines' Duterte offers China 3rd telecom carrier slot

MANILA, Philippines— Philippine President Rodrigo Duterte has offered to China an opportunity to operate a new, third telecommunications carrier in the country, his spokesman said Monday. The market now is dominated by domestic telecoms operators Globe Telecom Inc. and PLDT Inc.. In 2007, the Philippines signed a contract with China's ZTE for a national...

Source: The Associated Press

Hong Kong shares rise slightly despite Wall Street weakness

Nov 20- Hong Kong stocks rose slightly on Monday, despite pressure from a retreat on Wall Street amid tax reform uncertainty. The Hang Seng index rose 0.2 percent, to 29,260.31 points, and the China Enterprises Index lost 0.6 percent, to 11,538.28 points. The sub-index of the Hang Seng index tracking energy shares dipped 0.4 percent while the IT sector rose 3.5...

Source: Reuters

UPDATE 1-China stocks recoup losses after PBOC clamps down on asset management products

*Shanghai index hit two-month low before rebounding. SHANGHAI, Nov 20- China stocks tumbled early on Monday after Beijing unveiled sweeping new guidelines to regulate asset management products, but they rebounded and ended the day higher as investors realized the rules will only be implemented gradually. "Regulations on the asset management industry can...

Source: Reuters

GLOBAL MARKETS-Asia stocks wilt, German coalition impasse hits euro

*China shares recoup slide on asset management rules. TOKYO, Nov 20- Asian shares pulled back on Monday with investor sentiment hurt by a retreat on Wall Street, while the euro and German stock futures skidded after German coalition talks hit an impasse. "It's year-end season, so people have more incentive to take profits," said Kyoya Okazawa, Hong Kong- based head of...

Source: Reuters

Angels or demons? Political shadow hangs over Victoria's Secret China show

SHANGHAI, Nov 20- Victoria's Secret's glitzy annual fashion show hits the stage in China on Monday night for the first time, but will do so without several of its "angels" and star names who had been expected to attend, including model Gigi Hadid and pop singer Katy Perry. Perry and Hadid have both drawn criticism in state media and online in China, the former for...

Source: Reuters

METALS-London copper prices supported by resilient China property sector

MELBOURNE, Nov 20- London copper steadied on Monday amid a slightly firmer dollar, supported after a report showed China's property sector, a major metals consumer, remained resilient last month. China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling...

Source: Reuters

China stocks end higher after early scare from new asset management rules

SHANGHAI, Nov 20- China stocks reversed early losses to end higher on Monday, aided by a rebound in banking shares even after Beijing set sweeping new guidelines to regulate asset management products. At the end of 2016, the collective outstanding volume of the asset management business was 102 trillion yuan. The heavyweight banking sector led the rebound with...

Source: Reuters