financializer news A weblog highlighting financial topics making news in the international media.

greek: From left, Macedonian Foreign Minister Nikola Dimitrov, Macedonian Prime Minister Zoran Zaev, Greek Prime Minister Alexis Tsipras, and Greek Foreign Minister Nikos Kotzias, according to The Toronto Star. Greek Foreign Minister Nikos Kotzias resigned Wednesday, following a disagreement with the defence minister over the handling of a recent deal which would change Macedonia's name in exchange for Greece dropping its objections to the country joining NATO. Yorgos Karahalis / The Associated Press Kotzias quit his post a day after a Cabinet meeting during which he reportedly had a heated argument with Defence Minister Panos Kammenos over the Macedonia deal and felt he didn't receive sufficient support from colleagues or the prime minister. Prime Minister Alexis Tsipras accepted Foreign Minister Nikos Kotzias' resignation and intends to take the helm of the Foreign Ministry himself to help with all his powers in the successful completion of the name change deal, his office said. The PM and a series of ministers made their choices in yesterday's cabinet meeting, and then I made mine, Kotzias wrote on Twitter. Speaking to reporters later, Tsipras warned he would not tolerate disagreements within his government on the deal with Macedonia, which settled a decades-long dispute and which Tsipras negotiated with his Macedonian counterpart. His resignation letter was not immediately made public. (news.financializer.com). As reported in the news.

currency crisis: While the US dollar's mini-bounce off two-week lows checked emerging-market gains, they were supported by easing tensions between Saudi Arabia and the United States, as well as signs that Turkey's currency crisis had been laid to rest, according to Nine News Australia. A pan-European equity index rose 0.15 per cent to a one-week high. To improve your experience update it here News World World stocks extend rise after US earnings8 19pm Oct 17, US company earnings improved the mood on world equity markets, as Asian and European shares put aside concerns on global growth and trade and took their cue from Wall Street's best one-day rise in eight months. Earlier, MSCI's ex-Japan share index added 0.6 per cent while Japan's Nikkei jumped 1.3 per cent. They are set for another strong session, equity futures signalled. The gains follow a scintillating New York session where the three major indexes tallied their biggest one-day percentage gains since March, rising more than 2 per cent each. (news.financializer.com). As reported in the news.

infrastructure: The organization assessed a variety of metrics, including infrastructure, information and communications technology, macroeconomic stability, health, skills and labour market, according to The Toronto Star. Countries were given scores out of 100. The World Economic Forum on Wednesday released its latest global competitiveness report, which looked at 140 economies based on 98 wide-ranging social, political and economic factors. The report also highlighted the nation's strong labour market and financial system. The report also highlighted the nation's strong labour market and financial system. Justin Sullivan / GETTY IMAGES The U.S. took the top slot with a score of 85.6, buoyed by its capacity for innovation, evident in its high scores in business dynamism and entrepreneurial culture. (news.financializer.com). As reported in the news.

irish bottom: The manager, who signed a contract extension until 2020 in January, was speaking in the wake of Tuesday's 1-0 home defeat by Wales that left the Irish bottom of their Nations League group with one point and one goal from three matches, according to The Guardian. Factoring in friendlies, Ireland have not won any of their past five games. Asked why he was so confident, he replied Because I'm good. Wembley will not be sold by the FA after Shahid Khan withdraws offer Read more Not helped by injuries to key players, performances have been dull and fans have gone missing. After the game several local pundits and newspapers suggested O'Neill and his assistant, Roy Keane, should be replaced but the manager remains adamant he will prove critics wrong. Dublin's Aviva Stadium was far from full for the visit of Wales and the official attendance of 38,321 was perhaps the only sign of Irish creativity on the night. (news.financializer.com). As reported in the news.

legs: When the bus pulled into Billings, the passenger confronted Eric Franklin Rosser a former keyboardist for John Mellencamp who had 20,000 in cash taped to his legs, another 50,000 in his bag and 1,000 worth of marijuana, according to court records, according to Nine News Australia. Leave me alone. To improve your experience update it here News World Eric Franklin Rosser Former FBI's most wanted caught watching child porn on bus7 43am Oct 17, 2018Facebook Tweet Mail The first-ever child pornography suspect named to the FBI's Most Wanted list cashed out his life savings and was fleeing law enforcement on a bus travelling across Montana last year when another passenger noticed child pornography on his laptop screen. I know I have a problem, Rosser responded, according to the court files. AAP That July 2017 encounter led to Rosser's arrest and his guilty plea earlier this month in US District Court on a charge of accessing the internet with the intent to view child pornography. Eric Franklin Rosser has pleaded guilty to accessing child pornography. (news.financializer.com). As reported in the news.

mnuchin: We're going to revisit the decision again tomorrow, Mnuchin said, according to CNN. So for now we are. Mnuchin told reporters during a Treasury press event Wednesday alongside Mexico's finance minister that he plans to decide after Secretary of State Mike Pompeo, who visited Saudi Arabia earlier this week, briefs President Donald Trump. We're going to make a decision tomorrow based on Secretary Pompeo's report. Trump said earlier this week that Mnuchin, whose stop in Riyadh is part of a multi-country trip, would decide by Friday. Mnuchin has said he would await further details this week on Khashoggi's case before making a final decision on his attendance. (news.financializer.com). As reported in the news.

kosovo: Kosovo's president, Hashim Tha i, and his Serbian counterpart, Aleksandar Vu i are said to be close to an agreement that would help stabilise the Balkans and open the doors for both countries to join the European Union, according to The Guardian. Negotiations are happening under the mediation of the EU foreign policy chief Federica Mogherini. This time it's because speculation is rife that Kosovo and Serbia may finally end their dispute and normalise their relations. Ten years after Kosovo declared its independence, the last chapter of the disintegration of the former Yugoslavia would be closed. Two leaders who were on opposing sides in the 1998-1999 war that left thousands of Kosovar civilians killed, tens of thousands of homes burned and destroyed, more than a million people expelled and displaced and which ended only after Nato intervened would have suddenly conquered their hatreds and enmities for the sake of a better future for their people. US-backed Kosovo land-swap border plan under fire from all sides Read more It sounds like a fairytale. (news.financializer.com). As reported in the news.

parking garage: Jonathan Dick has been on the run since February 2017, after the alleged murder of his brother, David, in the parking garage of a Westfield shopping centre, in Melbourne's north-east, according to Nine News Australia. A personal training group stumbled across David Dick after he had been attacked near a lift at the shopping centre. To improve your experience update it here News National Jonathan Dick Reward offer to catch Australia's most wanted who is hiding in 'plain sight'By Sean Davidson1 29pm Oct 17, 2018Facebook Tweet MailA huge reward is being offered to catch one of Australia's most wanted fugitives more than a year after the alleged samurai sword murder of his brother. He was suffering severe head injuries and died at the scene. Victoria Police Since then, Dick's movements have been a mystery with the 40-year-old slipping under the radar of authorities and managing to avoid capture. Detectives today also released new footage of Dick, filmed at a wedding in 2007. (news.financializer.com). As reported in the news.

parliament: The changes came as the then home secretary was introducing controversial hostile environment measures, with which she hoped to curb overall immigration, according to The Guardian. It is possible, May told parliament in November 2010, to reduce numbers while promoting growth and underlining the message that Britain is open for business. Theresa May's Home Office redesigned its visa programme with a view to attracting rich foreign investors, after the coalition had entered government, as ministers pursued investment from global elites. Established London law firms, accountants and specialists including Henley were invited to a series of events hosted by civil servants in 2010. The responses informed changes to investor visas, which offer UK residency, that were introduced in March 2011. Firms including KPMG, Pricewaterhouse Coopers, EY, Clifford Chance, Eversheds and HSBC bank were among those who responded to a UK Border Agency questionnaire issued in September 2010 as part of the consultation. (news.financializer.com). As reported in the news.

source bloomberg: Source Bloomberg More From Bloomberg Daybreak Americas01 24Market Expectations Are Too High, Morgan Stanley's Wilson Says27 minutes ago06 33Nobel Winner Romer Says Fears of Another Crisis Stifle Investment56 minutes ago01 09Rolls-Royce Takes Luxury Off-Road in a 325,000 SUV1 hours ago01 41Honeywell Reports 3Q Sales Boost on Aerospace, Automation2 hours ago All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips05 10Easy to Lose Money in This Market, Alvine Capital Says04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says02 54Quite Constructive on Energy Prices, Conning's Franklin Says06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He speaks with Bloomberg's Alix Steel on Bloomberg Daybreak Americas. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

christopher katsarov: The Government of Alberta appears to have been surprised that cannabis is being legalized on Wednesday and that municipalities have very significant costs that they're incurring, Mayor Nenshi said, according to The Toronto Star. Christopher Katsarov / THE CANADIAN PRESS But the city reports it has already spent 3.7 million and is estimating these costs would reach between 8.2 million and 12.9 million per year. Matt Zabloski, lead for the city's legalization project, said that 3.84 million over two years would be provided to Calgary by the province to cover the cost of implementing and enforcing cannabis legalization. It certainly falls short of what we were expecting and what we were hoping for, Zabloski said. This will offer 11.2 million over two years to municipalities with populations over 5,000. The provincial government announced Monday that it would offset the cost of cannabis legalization for Alberta municipalities with the Municipal Cannabis Transition Program. (news.financializer.com). As reported in the news.

goldman sachs: The Toronto Stock Exchange Broadcast Centre in 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS file photo The activity comes as U.S. corporate earnings have started to roll in with Goldman Sachs and Morgan Stanley on Tuesday outperforming some forecasts, suggesting a solid earnings season ahead. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. We've seen the sell-off, a little bit of a correction and you've seen some decent results come in. Bernes said bond yields, which drove investor anxiety when they increased to multi-year highs, have retreated in the last few days to provide some support to equity markets. I don't think there are any growth or macro concerns that would warrant further downward pressure, he said of equity markets. (news.financializer.com). As reported in the news.

emily chang: Hosted by Emily Chang, according to Bloomberg. More episodes and clips45 54'Bloomberg Technology' Full Show 10/17/2018 03 41What Netflix's Forecast Signals for FAANG Stocks08 45Rep. Source the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Quigley Says U.S. Not Prepared for China Cyber Attacks06 04The Startup Behind the Anti-Cloud Computer Server The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

league: The league table topped by the United States for the first time in a decade found that Europe as a whole was now less competitive than East Asia and the Pacific regions, according to The Guardian. It also warned that the majority of global economies were ill-prepared for rapid advances in technology. The World Economic Forum WEF which runs the annual Davos gathering of business and political leaders, said that the UK had been overtaken by Hong Kong and Japan on its annual ranking of the world's 140 most competitive economies. The WEF assessed the world's biggest economies across almost 100 different indicators, from the quality of infrastructure to life expectancy and the jobs market. While Britain remains the fourth most competitive economy in Europe behind Germany, Switzerland and the Netherlands, the WEF suggested that it could slip further behind because Brexit stood to damage its attractiveness to international buyers and sellers of goods and services. The Geneva-based organisation also added several new metrics to its 2018 study, such as workforce diversity, press freedom and how hierarchical the biggest companies are in a particular economy. (news.financializer.com). As reported in the news.

lng canada: The B.C. and federal governments welcomed LNG Canada's decision to build a liquefied natural gas export facility in Kitimat B.C. earlier this month, calling it an unprecedented level of investment, according to The Toronto Star. Critics however are concerned about a major increase in greenhouse gas emissions. We should be going aggressively after clean manufacturing, he told Star Metro in an interview Monday. District of Kitimat / District of Kitimat Why aren't we talking about trying to build a Tesla gigafactory for batteries in Terrace Weaver's comments followed a reminder from south-of-the-border Monday morning that B.C. is entering what will be a highly competitive market place with new investments in liquefied natural gas. As part of its efforts to achieve energy dominance, he said the government is considering using federally owned land, including military bases, on the west coast as export facilities to get coal and natural gas to markets in Asia. In comments to the Associated Press, U.S. Interior Secretary Ryan Zinke reiterated the U.S. government's commitment to resource industries. (news.financializer.com). As reported in the news.

mineral water: Henley & Partners statement Read more The party had gathered at a restaurant overlooking the golf course in Frigate Bay, on the Caribbean island of St Kitts, according to The Guardian. K lin, wiry and softly spoken, was in town to keep an eye on the general election in the former British colony. As his companions tucked into their pasta, Christian K lin sipped mineral water. The date had been set for 25 January 2010. Back then, the bespectacled old Etonian was running the elections division of Strategic Communications Laboratories, known as SCL. Golden passports' threaten European security, warns EU commissioner Read more Nix was being paid to help secure a fourth term for the country's Labour prime minister, Denzil Douglas. With him was Alexander Nix, the now-notorious founder of Cambridge Analytica. (news.financializer.com). As reported in the news.

saudi commentator: A leading Saudi commentator has even hinted that oil could be used as a weapon, according to CNN. A rhetorical threat to withhold supplies could drive up prices, Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNN Business. The kingdom is facing threats of punishment over the unexplained disappearance of a Washington Post journalist, Jamal Khashoggi, and is talking of retaliation if America imposes sanctions. Saudi Arabia could go further, by slow-walking output increases to make up for reduced Iranian supplies when US sanctions on Tehran take effect next month, Croft added. Analysts are expecting energy companies to rake in monster earnings in the third quarter. Rising oil prices would harm consumers, but they could give energy stocks a boost. (news.financializer.com). As reported in the news.

year: The deficit totaled 779 billion in the fiscal year that ended Sept. 30, up 17% from 666 billion in fiscal 2017, the Treasury Department said Monday, according to MSNBC. The deficit is headed toward 1 trillion in the current fiscal year, the White House and Congressional Budget Office said. Yeah, about that . The U.S. government ran its largest budget deficit in six years during the fiscal year that ended last month, an unusual development in a fast-growing economy and a sign that so far at least tax cuts have restrained government revenue gains. This deficit is the fifth largest in modern American history in non-inflation adjusted terms and it now stands at 3.9% of GDP, up from 3.5% a year ago. The trouble is the broader context Circling back to our previous coverage, there are a few key angles to this to keep in mind. To be sure, as a percentage of the economy, the deficit isn't necessarily at a level that should cause significant concern. (news.financializer.com). As reported in the news.

shareholders vote: If more than 25% of shareholders vote against the remuneration report at next year's AGM, it would constitute a second strike and trigger a forced spill of board positions, according to The Guardian. Australia's executive pay backlash hits Telstra and Transurban Read more The chairman, John Mullen, told Tuesday's meeting there could be merit to replacing complex remuneration calculations with a traditional payment structure such as half-cash, half-shares locked in for five years. More than 60% of investors voted against the telco's remuneration report at Tuesday's annual general meeting, raising the prospect of a board spill in 12 months if it doesn't address widespread unhappiness among shareholders. Maybe there is a case for doing away entirely with all these complex schemes and just go back to a fixed salary commensurate with the difficulty of the role, he said. Mullen admitted executive salaries were too high across the board but said he was disappointed with the rejection of a plan to cut bonuses by 30% for a year in which dividends fell nearly a third. The AGM would be over in half the time. (news.financializer.com). As reported in the news.

taxi fare: Lane Tynan Mitchell, 25, and Peter Anthony Jarman, 49, had sex and took 1000 worth of methamphetamine in the older man's North Perth apartment in June last year before an argument erupted, according to Nine News Australia. Mitchell, who provided the drugs, became enraged when Mr Jarman refused to give him cash for a taxi fare, the Supreme Court of WA heard today. To improve your experience update it here News National Peter Jarman murder Killer refuses to read victim impact statements9 31pm Oct 16, 2018Facebook Tweet MailA man who viciously assaulted a gay lover, set fire to his apartment and left him for dead has refused to read the impact statements written by the victim's family. Mitchell, who had a much larger physique, admitted punching, kicking and bludgeoning Mr Jarman with a wine bottle, although a forensic pathologist said the victim may also have been hit with a statue and a frying pan. Peter Jarman Supplied As Mr Jarman lay seriously injured, Mitchell reset the factory settings on his computer and placed his electronic devices, including mobile phones, under a running shower in a bid to destroy evidence of their intimate relationship. Peter Jarman was bludgeoned then left to die in his burning apartment. (news.financializer.com). As reported in the news.

wednesday police: Victorian Jonathan Dick is wanted over the February 2017 murder of his brother David in Doncaster, and a hammer assault on a man in Keilor five months later, according to Nine News Australia. Homicide Squad head Detective Inspector Tim Day said on Wednesday police believe he is being sheltered, possibly in someone's home, hostel or boarding house. To improve your experience update it here News National Reward for man wanted over brother murder7 51am Oct 17, 2018Facebook Tweet Mail One of Australia's most wanted men could be labouring for cash-in-hand jobs, according to Victorian police offering a 100,000 reward for his capture. Investigators believe he has ready access to laundry facilities, food and money and as a skilled labourer, could be doing cash-in-hand work in the building industry. It's our belief that over the past year, Jonathan has essentially been hiding in plain sight. We believe Jonathan is currently in the community, people will be seeing him, hearing him and possibly working with him, Inspector Day said, launching the reward for his capture. (news.financializer.com). As reported in the news.

bn barrels: Its vast oil reserves it claims to have about 260bn barrels still to extract afford the most obvious advantage, according to The Guardian. The kingdom is the world's largest oil exporter, pumping or shipping about 7m barrels a day, and giving Riyadh huge clout in the global economy because it wields power to push up prices. It will have a powerful hand to play if tensions with the US and the west escalate and it follows through with Sunday's warning of retaliation. An editorial in Arab News by Turki Aldhakhil, the general manager of the official Saudi news channel, Al Arabiya, offers a hint of what could be in the offing. These would include an oil production cut that could drive prices from around 80 60 a barrel to more than 400, more than double the all-time high of 147.27 reached in 2008. He said Riyadh was weighing up 30 measures designed to put pressure on the US if it were to impose sanctions over the disappearance and presumed murder of Jamal Khashoggi inside the country's Istanbul consulate. (news.financializer.com). As reported in the news.

canada: What it means for Canada is one thing, according to The Toronto Star. What about what it means for you, and the issues you care about We're here to help. But legalization is just the start of the conversation, and the questions about new investments, new jobs, new rules and new habits. The Toronto Star hosted a Reddit AMA with three leading industry professionals Tuesday. Toronto Star Editor Irene Gentle moderated the discussion. Our panel of experts answered your questions about the law, dispensaries, health and more. (news.financializer.com). As reported in the news.

elizabeth warren: Who cares Trump said when asked about the DNA test, according to CNN. When pressed on the once-promised 1 million payment, Trump responded I didn't say that. Elizabeth Warren for taking DNA test to review her Native American heritage, after she released the results of one on Monday morning. You better read it again. At a rally in July, Trump said And we will say, 'I will give you a million dollars, paid for by Trump, to your favorite charity if you take the test and it shows you're an Indian ... we'll see what she does. In fact, Trump did promise 1 million, during a July rally, but only if the test showed she was an Indian. (news.financializer.com). As reported in the news.

hpe sustainability: Corrects headline to better reflect the guest's view, according to Bloomberg. Source Bloomberg More From Daybreak Asia01 35 31Bloomberg Daybreak Asia - Full Show 10/17/2018 6 hours ago01 43Huawei Technologies Reveals New Flagship Smartphone10 hours ago03 06Ongoing Support for Dollar Expected, Westpac's Callow Says11 hours ago03 59HPE Sustainability Helps Grow 240 Million in New Revenue12 hours ago All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. They speak with Shery Ahn and Haidi Stroud-Watts on Bloomberg Daybreak Asia. More episodes and clips09 52Growth Entirely Driven by New Products, Says Roche CEO08 52We're Moving in Right Direction, Says Akzo Nobel CEO02 41Lagarde Defers Saudi Trip02 34Breaking Down Infosys' the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

forecasting: It also warned that its hedging against currency movements had not worked out as expected, leading to 8m in additional costs, according to The Guardian. Before the profit warning, analysts were forecasting underlying pre-tax profits of 107.1m to 111.6m. The company struggled to sell sweatshirts and jackets, which account for 45% of its annual sales, because of the unseasonably hot weather in the UK, continental Europe and on the east coast of the US. Superdry, which shot to prominence when David Beckham wore one of its Osaka 6 T-shirts on the cover of his 2005 calendar, said the impact of the weather combined with difficult high street conditions would reduce profits up to the end of April 2019 by 10m. To reduce its reliance on warm outerwear, Superdry is trying to sell more dresses, skirts, women's tops and denim as well as tapping into the athleisure trend by opening a handful of stores that only sell sportswear. We are well prepared for peak trading but the second half of financial year 2019 presents both risks and opportunities. It is investing 5m in digitisation, automation and product development, in a bid to adapt stores for a digital world . Superdry has 246 stores, including 102 in the UK. The Superdry chief executive, Euan Sutherland, said We are not immune to the challenges presented by this extraordinary period of unseasonably hot weather. (news.financializer.com). As reported in the news.