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

phase i: Like reaching out across the centre-ground to strike deals and do something practical for forgotten Americaby Sam Tanenhaus / December 7, 2018 / Leave a comment re Nixon Photo Prospect composite In January when the new Congress convenes, the next phase I almost wrote season of the Trump Era will commence, according to MSNBC. The mood is expectant. In the second half of Trump's term, there are other lessons he could learn from the Nixon years. The blue wave in the midterm elections swept in a Democratic majority in the House of Representatives, and with this much will change. The obvious precedent is also the most recent one President Obama, who lost control of government in 2010, when the Tea Party captured the House and swept in a new cadre of ideological zealots. For the first time, President Trump will face organised opposition, and if recent history repeats itself, he could find his presidency all but paralysed. (news.financializer.com). As reported in the news.

cnn: Tokyo CNN One of the first concepts Linh Nguyen learned while studying Japanese was uchi-soto, according to CNN. It refers to the practice of categorizing people into one of two groups -- insiders or outsiders. None of the material in this series may be reproduced without an explicit credit to CNN and the Pulitzer Center. Family, friends and close acquaintances are insiders, referred to as uchi, while soto is for those relegated to the periphery. The first, renewable for up to 5 years, would cover semi-qualified, blue-collar workers, and is aimed at plugging gaps in areas such as care-giving and manufacturing. Japan's new immigration lawA proposed amendment to the immigration law, if passed, will create two new visas for foreign workers. (news.financializer.com). As reported in the news.

barr: Trump earlier on Friday announced former U.S. Attorney General William Barr as his pick to once again serve in the post, according to Xinhua China. U.S. House Democratic Leader Nancy Pelosi called his nomination deeply concerning, while Senate Democratic leader Chuck Schumer said Barr must allow the probe to continue unimpeded and make the findings available to lawmakers and the public. REUTERS/Yuri GripasWASHINGTON Reuters - The top two Democrats in the U.S. Congress on Friday urged caution about President Donald Trump's nominee to lead the Department of Justice, saying the nominee had sought to undercut the Special Counsel's Office probe into Russia and must pledge to make any findings from the investigation public. Reporting by Susan Heavey; Editing by David Gregorio (news.financializer.com). As reported in the news.

sesame workshop: Source Bloomberg More From Bloomberg Markets The Close' Full Show Markets Balance of Power' Full Show 12/07/2017 05 11German Economy Minister Says Kramp-Karrenbauer Win Bolsters Merkel02 37Lego Foundation Teams Up With Sesame Workshop to Help Refugee Children All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 26This Urban Innovation Is Driving People Insane03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor 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, according to Bloomberg. More episodes and clips48 01The David Rubenstein Show Anthony Kennedy24 06The David Rubenstein Show Alan Greenspan24 03The David Rubenstein Show Michael Milken24 05The David Rubenstein Show Christine Lagarde See all shows He speaks on Bloomberg Markets. (news.financializer.com). As reported in the news.

package: They said a stimulus package based on a cut in the Bank's base rate from 0.75% would only have a limited effect on borrowing costs and leave the Treasury with no option but to use its own finances to boost the economy, according to The Guardian. The comments came a week after the Bank of England's governor, Mark Carney, said a disorderly exit from the European Union could plunge the UK into a deeper recession than any seen over the last 100 years. The former deputy governors Rachel Lomax and Sir Charles Bean warned ministers they will be unable to rely on monetary policy to combat the next recession now that interest rates are at historically low levels. Carney said the scenario mapped out by Threadneedle Street to illustrate the worst possible outcome from a no-deal Brexit would push up unemployment and inflation while also hitting house prices. In a broader attack, Lomax said governments would need to adopt extra spending to aid the recovery and not follow the austerity programme of the last 10 years. Speaking at a monetary policy forum organised by Fathom Consulting, Bean, who is the chief forecaster at the Office for Budget Responsibility, said I do think we need to start thinking again about using fiscal policy more actively than we have in recent years. (news.financializer.com). As reported in the news.

intelligence agencies: While the base at Yeongjeo-dong has long been known to US intelligence agencies and analysts, researchers at the Middlebury Institute of International Studies at Monterey told CNN that the images reveal construction on a new facility just seven miles away from the older site that had not been previously publicly identified, according to CNN. Photos New satellite images reveal activity at unidentified North Korean missile base New satellite images obtained exclusively by CNN reveal North Korea has significantly expanded a key long-range missile base located in the mountainous interior of the country. The satellite imagery offers evidence that the Yeongjeo-dong missile base and a nearby, previously unreported site remain active and have been continuously upgraded, underscoring the reality of just how far apart Washington and Pyongyang are on the issue of denuclearization despite five months of sporadic talks. Hide Caption1 of 11Photos New satellite images reveal activity at unidentified North Korean missile base The satellite imagery offers evidence that the Yeongjeo-dong missile base and a nearby site remain active and have been continuously upgraded. A headquarters area is positioned at the mouth of the valley, the images show. Hide Caption2 of 11Photos New satellite images reveal activity at unidentified North Korean missile base The base itself is strung along a narrow valley. (news.financializer.com). As reported in the news.

author view: The opinions expressed in this commentary are those of the author; view more opinion articles on CNN, according to CNN. She is a frequent opinion contributor to CNN and The Washington Post and a columnist for World Politics Review. (news.financializer.com). As reported in the news.

ramy: Cambodia, Indonesia and the Philippines lead the pack with issues ranging from forestry, renewable energy and poverty, according to Bloomberg. Ramy Inocencio sits down with the GIIN chief during New York's first Sustainable Finance Week and Bloomberg's inaugural Global Responsible Investing Forum to discuss how investors are turning problems into profits. The head of the New York-based Global Impact Investing Network, or GIIN, adds APAC is the world's fastest-growing region for private and institutional funds. Source Bloomberg More From Bloomberg Daybreak Australia50 15'Bloomberg Daybreak Australia' Full Show 12/07/18 02 12Australia Passes Anti-Encryption Law03 23Huawei Arrest Is 'Slap in The Face' for China, Asia Society's Stone Fish04 08Short-Maturity Bonds Are Fairly Priced, Cresset Wealth CIO Says 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. More episodes and clips48 01The David Rubenstein Show Anthony Kennedy24 06The David Rubenstein Show Alan Greenspan24 03The David Rubenstein Show Michael Milken24 05The David Rubenstein Show Christine Lagarde See all shows More episodes and clips01 53 30'Bloomberg Markets The Close' Full Show Markets Balance of Power' Full Show 12/07/2017 05 11German Economy Minister Says Kramp-Karrenbauer Win Bolsters Merkel02 37Lego Foundation Teams Up With Sesame Workshop to Help Refugee the world with Bloomberg News More episodes and clips02 26This Urban Innovation Is Driving People Insane03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor 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. (news.financializer.com). As reported in the news.

investment bank: London to lose 800bn to Frankfurt as banks prepare for Brexit Read more RBS Group has lodged an application at Scotland's supreme civil court to transfer European clients of its Nat West Market business to its Dutch subsidiary, according to The Guardian. It would allow RBS to shift around 30% of the investment bank's customers out of the UK about 20% of its revenues to safeguard its business against a no-deal Brexit. Trading teams across Barclays, Nat West Markets and JP Morgan are also preparing by extending working hours and bringing in extra staff to deal with major market moves after parliament votes on Theresa May's Brexit withdrawal deal next Tuesday. The bank confirmed it will also shift around 6bn worth of client assets and 7bn in liabilities from its UK business to its new EU hub. While Amsterdam is set to serve as the bank's EU hub, RBS will also service clients out of Dublin, Frankfurt, Madrid, Milan, Paris and Stockholm. If the UK strikes a transition deal, the customer migration may be more gradual and subject to further political developments RBS said. (news.financializer.com). As reported in the news.

cent: The OIS-implied probability of a January rate increase slid below 30 per cent from 70 per cent two weeks ago, according to The Toronto Star. Meanwhile, the price of Canadian oil, whose sharp drop since early October informed the BOC's stance, has been edging higher. The loonie ended Wednesday close to the weakest since June 2017 as traders marked down the odds of BOC rate hikes throughout 2019. The loonie ended Wednesday close to the weakest since June 2017 as traders marked down the odds of BOC rate hikes throughout 2019. It has rebounded to around 30 following production cuts in Alberta. 40 a barrel on WCS and they're no longer worried, Anderson said. JONATHAN HAYWARD / THE CANADIAN PRESS file photo I expect improving conditions for oil to point USD/CAD lower from here, said Greg Anderson, global head of FX strategy at BMO. Western Canada Select crude, the benchmark for Canadian oilsands production, approached 13 U.S. a barrel in November from a year-to-date high of nearly 58 in May. (news.financializer.com). As reported in the news.

payday lenders: The inquiry will lift the lid on the practices of payday lenders, buy now, pay later service providers and some companies offering leases on appliances, according to Nine News Australia. We're hearing there are real problems in the way some credit providers target very low income people or people under financial stress, Jenny McAllister, Shadow Assistant Minister for Families and Communities, told 9News. To improve your experience update it here News National Aussies struggling with Christmas debt warned of 'buy now, pay later' dangers By Fiona Willan Political Reporter7 57pm Dec 6, struggling with Christmas debt are being warned of the dangers of resorting to quick-fix loans and buy now, pay later services, ahead of a Senate inquiry in Melbourne next week. Mostly they're operating within the law, and the purpose of the inquiry is to have a look at the laws and see if they are adequately protecting people. 'Buy now, pay later' loans are the subject of an upcoming Senate inquiry. 9News Senator McAllister called for the inquiry, which has now received around 60 submissions from charities, financial counsellors and business groups. A submission by Financial Counselling Australia claimed a woman who was on a Centrelink Newstart allowance was given a 200 payday loan. Common complaints include high interest rates, confusing contract terms, and insufficient checks and balances on a person's ability to pay back a debt. (news.financializer.com). As reported in the news.

markets: Volatility is the new normal, Subramanian told CNN business correspondent Alison Kosik on Markets Now on Thursday, according to CNN. We need to just prepare ourselves for volatile markets. That's the advice of Savita Subramanian, Bank of America's head of US equity and quantitative strategy. Most recently, the Dow has been reacting to news on the trade war between China and the United States. Before that, stocks rallied on news of a truce and then fell as uncertainty returned. The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce and sent the Dow plunging on Thursday. (news.financializer.com). As reported in the news.

profit growth: There are three primary reasons 1 A trade war between the U.S. and China that drags on with no real path to resolution; 2 Bond market yield curves becoming inverted; and 3 Slower corporate profit growth, according to The Toronto Star. If the focus were solely on the actual economy, the mood on Wall Street might be markedly better. Still, questions remain about why equities are so volatile. A rebound in tech shares helped cut stock losses to a mere 0.15 per cent. It doesn't matter than only a small portion of the curve has inverted, with yields on five-year Treasury notes falling below those on three-year notes. BRYAN R. SMITH / AFP/GETTY IMAGES Of the three, I'd guess that the violent moves in the bond market over the past week have had the greatest impact, given that an inverted yield curve has historically preceded a recession. (news.financializer.com). As reported in the news.

price range: The number of shares on offer and the price range for the proposed offering have not yet been determined, Lyft said, according to The Guardian. The company was valued at 15.1bn 11.8bn at its latest funding round in June, when investors led by Fidelity Investments poured 600m into the firm. In a statement on Thursday, Lyft announced it had submitted a draft registration statement with the US Securities and Exchange Commission SEC in a move which sets it up to be one of the first large tech flotations of 2019. Uber, by contrast, has been valued at 120bn in recent reports. Buses and taxis to lead UK self-driving public transport push Read more Lyft and Uber have garnered billions of dollars in multiple funding rounds from private investors betting that the companies will dominate the future of urban transport, despite heavy losses. The San Francisco-based company is planning to float its shares in March or April, according to Reuters probably ahead of Uber, whose chief executive, Dara Khosrowshahi, is aiming for an initial public offering IPO in the second half of the year. (news.financializer.com). As reported in the news.

years applicants: The golden visa' deal We have in effect been selling off British citizenship to the rich'Read more The reformed visa will require applicants to provide comprehensive audits of their financial and business interests, and show they have had control of the 2m of investment funds required to obtain the tier 1 visa for at least two years, according to The Guardian. Applicants will no longer be able to invest in government bonds as part of the reforms, and must invest in active and trading UK companies. The tier 1 visa, which provides a fast track route to settlement for people willing to invest millions in the UK, will be suspended from Friday until new rules are put in place in 2019. Tier 1 visas, known as golden visas have been criticised for providing an easy route into the UK for oligarchs and the super-rich looking to launder stolen wealth. The changes to the scheme come after a government review of the visa as part of a crackdown on money laundering in the UK. Immigration minister Caroline Nokes said The UK will always be open to legitimate and genuine investors who are committed to helping our economy and businesses grow. In July, figures showed a 46% increase in the number of applicants to the tier 1 investor visa scheme, with more than 400 applications from wealthy overseas investors. (news.financializer.com). As reported in the news.

year theresa: Source Bloomberg More From Bloomberg Surveillance' Full Show 12/07/2018 17 hours ago03 36'2018 Has Been a Great Year for M&A,' Says JPM's Cristerna03 09Citi's Bailin Sees Markets Volatile, But Higher Over Next Year02 41Theresa May Looks to Delay Brexit Vote 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 clips01 53 30'Bloomberg Markets The Close' Full Show Markets Balance of Power' Full Show 12/07/2017 05 11German Economy Minister Says Kramp-Karrenbauer Win Bolsters Merkel02 37Lego Foundation Teams Up With Sesame Workshop to Help Refugee the world with Bloomberg News More episodes and clips02 26This Urban Innovation Is Driving People Insane03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor 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 Francine Lacqua on Bloomberg Surveillance. More episodes and clips48 01The David Rubenstein Show Anthony Kennedy24 06The David Rubenstein Show Alan Greenspan24 03The David Rubenstein Show Michael Milken24 05The David Rubenstein Show Christine Lagarde See all shows (news.financializer.com). As reported in the news.

trade curbs: Meng Wanzhou, chief financial officer of Huawei Technologies Ltd, faces possible extradition to the United States, according to Canadian authorities, according to Nine News Australia. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade US trade curbs on Iran. To improve your experience update it here News World China demands release of tech giant Huawei executive arrested for 'trying to evade US trade curbs on Iran'By Associated Press7 04am Dec 7, has demanded that Canada release an executive of Chinese tech giant Huawei after she was arrested in a case that compounds tensions with the US and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd, faces possible extradition to the United States, according to Canadian authorities. Under Mr Trump and his predecessor, Barack Obama, Washington has pressured European countries and other allies to limit use of its technology. PA Huawei, the biggest global supplier of network gear used by phone and internet companies, has been the target of deepening US security concerns. (news.financializer.com). As reported in the news.

sean kilpatrick: Stephen Poloz, Governor of the Bank of Canada, has diluted his previous enthusiasm about the economic outlook and prompted some analysts to ask whether his rate-hiking cycle is already over, according to The Toronto Star. Sean Kilpatrick / THE CANADIAN PRESS As oil falls and a potential U.S-China trade war threatens the global expansion, investors are fully pricing in just one more increase from the Canadian central bank over the next two years. Governor Stephen Poloz's effort this week to dilute his previous enthusiasm about the economic outlook is prompting some analysts to ask whether his rate-hiking cycle is already over after five increases since the middle of 2017. It would only take a small disappointment economic growth falling slightly below 2 per cent, for example to eliminate even those chances. What's changed is that Poloz no longer sounds as confident as he once did about whether the economy is running into production constraints that would risk fanning inflation, which is already at the central bank's target. My bet is the BoC is done, period, David Rosenberg, chief economist and strategist at Gluskin Sheff Associates Inc., told clients in a report this week. (news.financializer.com). As reported in the news.

yeongjeo-dong: The satellite imagery offers evidence that the Yeongjeo-dong missile base and a nearby, previously unreported site remain active and have been continuously upgraded, underscoring the reality of just how far apart Washington and Pyongyang are on the issue of denuclearization despite five months of sporadic talks, according to Nine News Australia. While the base at Yeongjeo-dong has long been known to US intelligence agencies and analysts, researchers at the Middlebury Institute of International Studies at Monterey told CNN that the images reveal construction on a new facility just seven miles away from the older site that had not been previously publicly identified. To improve your experience update it here News World New satellite images reveal ongoing activity at unidentified North Korean missile base12 24pm Dec 6, 2018Facebook Tweet Mail New satellite images obtained exclusively by CNN reveal North Korea has significantly expanded a key long-range missile base located in the mountainous interior of the country, offering yet another reminder that diplomatic talks with the US have done little to prevent Kim Jong-un from pursuing his promise to mass produce and deploy the existing types of nuclear warheads in his arsenal. The images show the base has been constantly upgraded. Moreover, in the past year North Korea has significantly expanded a nearby facility that appears to be another missile base, the Middlebury Institute report states, noting that it is unclear whether the two bases are separate, or whether one is subordinate to other. Supplied 'The base remains active' Satellite images show that the base remains active. (news.financializer.com). As reported in the news.

beijing: A Chinese foreign ministry spokesman said on Thursday that Beijing had separately called on the US and Canada to clarify the reasons for the detention immediately and immediately release the detained person . The spokesman said China had been providing consular assistance to Meng since learning of her arrest, according to The Guardian. Meng is one of the vice-chairs on the Chinese technology company's board and is the daughter of the company's founder, Ren Zhengfei. Beijing is calling for both Ottawa and Washington to clarify their reasons for the detention of Meng Wanzhou, the Chinese company's global chief financial officer, who was arrested in Vancouver on Saturday and faces extradition to the US. Canada confirmed her detention on Wednesday night. Panic as the US-China trade war truce lasts less than a week Nils Pratley Read more Her arrest is reportedly related to alleged violations of US sanctions. In a statement, the department confirmed Meng had been arrested and was facing extradition. A court hearing has been set for Friday, according to Canada's department of justice. (news.financializer.com). As reported in the news.

bloomberg: Source Bloomberg More From Bloomberg Daybreak Americas00 56Jobs Report Reaffirms Economic Path for Fed, Princeton's Krueger Says13 minutes ago01 22U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%39 minutes ago02 242019 Is All About Recession Watch and Risk, KPMG's Hunter Says52 minutes ago07 40OPEC Is Not Dead, Just Changed, IHS Markit's Yergin Says1 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 clips02 56May Said to Weigh Plan to Postpone Brexit Vote04 34UBS Wealth's Zuercher Sees Opportunities in South Korean Stocks03 33Saudi Arabia Pursuing Demand-Led Production Policy, Says JPMorgan's Darling03 35Fitch Cuts India's Growth the world with Bloomberg News More episodes and clips02 26This Urban Innovation Is Driving People Insane03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor 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 David Westin on Bloomberg Daybreak Americas. More episodes and clips48 01The David Rubenstein Show Anthony Kennedy24 06The David Rubenstein Show Alan Greenspan24 03The David Rubenstein Show Michael Milken24 05The David Rubenstein Show Christine Lagarde See all shows (news.financializer.com). As reported in the news.

century meeting: Meeting the commitments of the 2015 Paris climate agreement could save millions of lives and hundreds of billions of dollars by the middle of the century, according to the report, according to CNN. Meeting the goals put forth in the Paris agreement would be expected to save more than 1 million lives a year from air pollution alone by 2050, it says. A report released by the World Health Organization on Wednesday details the public health benefits that could come with tackling the issue. Drivers of climate change, principally fossil fuel combustion, contribute to about 7 million deaths worldwide from outdoor and indoor air pollution annually, according to the report. use strict';CNN. Videx CNN. Videx ;CNN. 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Videx.mobile mobile Pinned View; if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. The United States pledged to withdraw from the landmark agreement last year. CNNpanion && typeof 'function' function container Id, cvp Id, content Id if CNNpanion && typeof 'function' function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, visible visible ; ;if typeof config Obj.context ! 'string' config Obj.context.length 0 config Obj.context '' ; if typeof config Obj.adsection 'undefined' && typeof window.ssid 'string' && window.ssid.length 0 config Obj.adsection CNN.auto Play Video Exist true true callback Obj, WATCHEDHow deadly is air pollution Replay More Videos ...MUST WATCH context Video Object name How deadly is air pollution description Air pollution increases the risk of heart disease, strokes and lung cancer, causing millions of deaths every year. thumbnailURL PT1M9S upload Date deadly is air pollution 01 08 The Paris Agreement is a pledge among representatives from countries around the world to take action against climate change, specifically by reducing their nations' carbon output and halting global warming below 2 degrees Celsius over pre-industrial levels by the end of the century. (news.financializer.com). As reported in the news.

indicting ghosh: Bloomberg's Tom Mackenzie reports on Bloomberg Daybreak Asia, according to Bloomberg. Source Bloomberg More From Daybreak Asia03 51Nintendo's 'Smashing' Christmas 11 hours ago02 06Prosecutors Seen Indicting Ghosh as Soon as Monday Nikkei12 hours ago02 40Magnitude of Market Selloff Is Overblown, Says Bank of Singapore's Lee12 hours ago04 22Why OPEC Talks Are Taking Longer and Getting More Difficult12 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. But investors are still skeptical about the prospects of a meaningful breakthrough. More episodes and clips02 56May Said to Weigh Plan to Postpone Brexit Vote04 34UBS Wealth's Zuercher Sees Opportunities in South Korean Stocks03 33Saudi Arabia Pursuing Demand-Led Production Policy, Says JPMorgan's Darling03 35Fitch Cuts India's Growth the world with Bloomberg News More episodes and clips02 26This Urban Innovation Is Driving People Insane03 03How Women in the Mideast Are Advancing02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor 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. More episodes and clips48 01The David Rubenstein Show Anthony Kennedy24 06The David Rubenstein Show Alan Greenspan24 03The David Rubenstein Show Michael Milken24 05The David Rubenstein Show Christine Lagarde See all shows (news.financializer.com). As reported in the news.

toft: This is a call for action, Maersk Chief Operating Officer Soren Toft told CNN's Richard Quest on Tuesday, describing climate change as one of the most significant issues facing the planet, according to CNN. The shipping industry will need to find new technologies, new innovative ways of basically providing the future efficient ships, Toft said. Maersk AMKBY which is based in Denmark, said it's aiming to become carbon neutral by 2050 and is urging other shipping companies to do the same and help it develop the technology for a new generation of vessels. These ships are not available today, and that's why we are reaching out. In April, the IMO pledged to reduce the industry's annual emissions by at least half by 2050. Shell is first energy company to link executive pay and carbon emissions The shipping industry burns huge quantities of heavy fuel oil and is estimated to account for roughly 2% to 3% of global greenhouse gas emissions, according to the International Maritime Organization IMO . Read More That compares to roughly 3% generated by international aviation and 11% by agriculture, according to 2014 data from the European Environment Agency. (news.financializer.com). As reported in the news.

douard philippe: Hours earlier, the prime minister, douard Philippe, had said his government was prepared to reconsider the tax if other solutions could be found to make the transition to cleaner fuel without hitting people in their pockets, as he spoke to MPs during a debate on next year's finance bill in the Assembl e Nationale, according to The Guardian. In a statement on Wednesday evening, the Elys e said that Philippe and the president, Emmanuel Macron, both wished the increase in the carbon tax be removed from the budget for 2019. Just a day after announcing a six-month freeze on the eco-tax, the Elys e Palace declared it was dropping the measure from the 2019 budget. The citizen and parliamentary debate in the coming weeks and months will have to find solutions and funding that will meet the challenges of the ecological transition; solutions that will preserve the purchasing power of our citizens, it added. He told me People have the impression there's some sort of trick, that it has been suspended but it will come back afterwards.' Facebook Twitter Pinterest Emmanuel Macron inspects the aftermath of protests in Paris. Fran ois de Rugy, the minister for ecological change, told a French TV news channel he had spoken to Macron to confirm that the eco-tax had been cancelled for the year 2019 . De Rugy added I had the president on the telephone a few minutes ago. (news.financializer.com). As reported in the news.

information: Moving your bank account is quite a big undertaking, so we were genuinely surprised when people started doing it without us even suggesting it, said the Greenpeace oil campaigner Hannah Martin, according to The Guardian. This new information shows that the opposition to Barclays funding dirty tar sands projects isn't just broad but deep. Of those who signed the petition, 6,000 told the environmental group that they were ready to close their accounts if Barclays did not heed their warning, while some said they had already done so. People are prepared to put themselves through a bit of bureaucratic hassle to try to persuade their bank to do the right thing. Photograph David Levene for the Guardian Six Greenpeace campaigners arrived at a branch of Barclays on Wednesday morning disguised as window cleaners but were prevented from creating an oil spill in front of the branch. Facebook Twitter Pinterest Trucks and machinery along routes within the Suncore oil sands site in Northern Alberta. (news.financializer.com). As reported in the news.