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

uber: Japanese carmakers Toyota and its compatriot Denso, a car parts supplier, will invest a combined 667m in Uber's Advanced Technologies Group ATG . The remainder will come from Japanese conglomerate Soft Bank's 100bn Vision Fund, whose largest investor is Saudi Arabia, according to The Guardian. Toyota and Soft Bank are already major investors in Uber, with the latter owning 16%. In addition to the consortium's 1bn investment, Toyota will provide up to a further 300m over three years to help fund ATG's development of commercially available self-driving cars. With weeks to go until the loss-making San Francisco firm's stock market float, expected to value thecompany at up to 100bn, Uber said it had secured new financial backing for its plans to develop autonomous vehicles. A new independent ATG board will be formed using the investment from Soft Bank, Toyota and Denso. Eric Meyhofer, the head of ATG, will be the chief executive. Six directors will be appointed from Uber, one from Soft Bank and one from Toyota. (news.financializer.com). As reported in the news.

donald trump: On the heels of China's use of Artificial Intelligence to track the faces of Muslims, Donald Trump continues his spectacular demonization campaign, seemingly much to the disgust of pro-love, pro-war Democrats, according to MSNBC. Donald Trump has in some ways radically shifted the configuration of American violence. And this is by a President who is popular because of his willful act of forgetting that is nostalgia. Trump's environmental violence, most notable through his deregulation and gutting of the EPA, will be his most lasting legacy. The most forgotten violence in this country is the genocide of Native American sisters and brothers. America's violence is usually dumped in the Never Remember category. (news.financializer.com). As reported in the news.

influence: Peskov said Russia had insisted from the start of the two-year probe that whatever investigators did, they would find no Russian meddling, because there was no meddling . He also said the report would have a negative influence on Russia-US relations, which he said were not in the best shape . Russia's president, Vladimir Putin, has previously said allegations that the Kremlin sought to sway the election in favour of Donald Trump were nonsense, according to The Guardian. Peskov also criticised Mueller's investigations into meetings between Kremlin-linked businessmen such as Petr Aven, the co-founder of Alfa Bank, Russia's biggest commercial bank, and Trump officials, saying it was absurd to submit what he called routine business discussions to such intense scrutiny. In the form in which it has been published, the Mueller report contains no new information all this information has already been published by various media outlets, said Dmitry Peskov, the Kremlin spokesman. These businessmen attract investment, and so the more contacts they have, the better, Peskov said. Peskov said the businessmen mentioned in Mueller's report, who also included Kirill Dmitriev, the head of Russia's sovereign wealth fund, and Sergei Gorkov, the chair of Vnesheconombank, a major state-owned Russian bank, had informed Putin of the most important aspects of their conversations with figures close to Trump. They look for new contacts, and communicate with the relevant officials in the government and this goes on in all countries. (news.financializer.com). As reported in the news.

retirement account: I have to be honest I thought the hard part was living within your means and saving for retirement, according to The Independent. It's not. But 25 million or so Americans, ages 55 to 64, are, like me, wondering what they will live on during their golden years. Trying to figure out how to cash out your nest egg your tax-deferred retirement account, your taxable investments or both so it will last the rest of your life can be even harder. There are many variables when figuring out retirement finances. It has me gnawing at my fingernails. (news.financializer.com). As reported in the news.

moroccan embassy: A major fire on Monday engulfed the 850-year-old Gothic building Notre Dame Cathedral, resulting in the collapse of its spire and roof, but the main structure, including the two bell towers, has been saved, according to Global Times China. This pledge was made by Moroccan Ambassador to France Chakib Benmoussa during his meeting with Archbishop of Paris, Michel Aupetit, MAP said, citing a statement from the Moroccan embassy in France. (news.financializer.com). As reported in the news.

policy uncertainty: The USITC said its model estimates that the USMCA would raise US real GDP by 68.2 billion US dollars, or 0.35 percent, and US employment by 176,000 jobs, or 0.12 percent, according to Global Times China. The deal, the report estimates, will see US exports to Canada increase by 19.1 billion, or 5.9 percent. The United States-Mexico-Canada Agreement USMCA was signed on Nov. 30, 2018 by the three nations and still needs to be ratified by the three nations' respective legislatures before going into effect. It is also expected to enable the United States to sell an additional 14.2 billion dollars' worth of goods and services to Mexico, up 6.7 percent compared with the current level. The report said USMCA's provisions that reduce policy uncertainty about digital trade and certain new rules of origin applicable to the automotive sector are elements that would have the most significant effects on the US economy. As far as US imports from its two neighbors are concerned, the report projected that imports from Canada will increase by 19.1 billion dollars, or 4.8 percent, and from Mexico, up 12.4 billion dollars, or 3.8 percent. (news.financializer.com). As reported in the news.

cas: The Chinese Academy of Sciences CAS has provided technology support worth 1.8 billion yuan 268 million for the BRI construction in the past six years, CAS President Bai Chunli told a press conference on Friday, according to Global Times China. Technological cooperation is a vital part of the BRI. The academy has developed more than 100 projects in the sector and set up nine overseas science and education centers in areas such as Africa, South America, Central Asia and South Asia, Bai said, noting that a 10th center is being planned. With the further advancement of the BRI, which aims to improve infrastructure, greater efforts are expected in technology cooperation for the initiative's comprehensive development. The CAS helped set up a water resource center and typhoon forecasting system for Sri Lanka, Bai said. Trade and investment activities are the starting point for cooperation along the BRI routes, and with the initiative's advancement, many countries will want to work with Chinese participants in technology, said Bai Ming, deputy director of the Ministry of Commerce s International Market Research Institute. We also established an ecological and environmental research center in Central Asia, committed to protecting the local environment and ecological system, he said. (news.financializer.com). As reported in the news.

uptrend support: Here's his candlestick chart, below RBC Capital Markets Caption outside of wrapper for normal article images We are turning more cautious on equity markets as the SPX nears its secular highs as valuations are becoming a more pressing concern, Davis wrote, referring to the ticker for the S&P 500 index, according to Market Watch. Thursday's gains, however, might buy some time. The setup at least argues for some caution in the near term, he said. The S&P 500 ended with a gain of around 5 points, or 0.2%, near 2,905. Meanwhile, a daily close below uptrend support at 2,901 would leave 2,860 as an initial target as part of a corrective phase, with the next layer of support seen at 2,785. Davis said a daily close above 2,900 could delay the corrective potential and argue for a retest of the secular intraday high at 2,941 set on Sept. 21. (news.financializer.com). As reported in the news.

rush: He is the younger brother of talk radio host Rush you asked her if she said that she would not remember, according to MSNBC. She is just plain democrat crazy like Mad Max Waters, Feinstein, and many others. He has also worked as a professor and as a lawyer. She has had so many face lifts if you kissed her on the cheek you would be, in fact, kissing her ass. You need to go take them now maybe a double dose. Anybody want to try that I didn't think Plain Something or other You must have missed your meds today. (news.financializer.com). As reported in the news.

official: Tencent has also won approval to sell a game from Nintendo's Super Mario Bros. franchise, according to CNN. Why Nintendo keeps returning to classics like Pok mon Nintendo's portable Switch is not currently on sale in China through official channels. Authorities in the Chinese province of Guangdong have granted internet giant Tencent TCEHY preliminary approval to distribute the Switch, giving Nintendo greater access to the world's biggest video games market. Gamers only have limited access to imported consoles through the so-called grey market, which includes some online vendors on Alibaba's BABA Tmall platform. Read More The approval from Guangdong officials is subject to public consultation, but it could signal a new approach to console sales in a major gaming market. But these can be expensive. (news.financializer.com). As reported in the news.

opinions: He is a partner at Run Switch Public Relations in Louisville, Kentucky, according to CNN. Follow him on Twitter Scott JenningsKY. The opinions expressed in this commentary are his own. Mitch McConnell. View more opinion articles on CNN. (news.financializer.com). As reported in the news.

persistence: The suffragettes' battle for the vote is celebrated as a great victory for direct action, but 100 years later the struggle for women's equality is still being waged within countless institutions, according to The Guardian. Creating lasting change takes political skill, as well as passion and persistence. Every employer, school and household can make decisions that turn away from chaos. For democracies to solve difficult problems like climate change and inequality, schools need to teach practical politics as a basic skill. Extinction Rebellion places too much emphasis on number of arrests. Titus Alexander Author of Practical Politics Lessons in Power and Democracy; convener, Democracy Matters I agree with Ben Smoke that it's important not to fetishise the number of arrests in relation to current protests. (news.financializer.com). As reported in the news.

town hall: The views expressed in this commentary are his own, according to CNN. View more opinion on CNN. ET, CNN will host a town hall with Andrew Yang, an entrepreneur, former ambassador for global entrepreneurship under the Obama administration and 2020 presidential candidate. (news.financializer.com). As reported in the news.

city hall: I frown and shake my head every time I hear that line, according to The Independent. Not because de Blasio is wrong Many members of New York's ultra-wealthy are probably leaders on both sides of City Hall who vote for increased budgets year after year, with scant concern about efficiency or effectiveness, are in no position to point fingers. At the same time, in his capacity as a political leader, we can expect Hizzoner to continue repeating a favorite public slogan There's plenty of money in this country and in this city it's just in the wrong hands. A lack of serious fiscal oversight deprives worthy programs of funding and undermines confidence in government. Behind every dollar is a constituency prepared to argue passionately that their particular stream of public money needs to keep Council members and borough presidents, most of whom are seeking reelection or elevation to a higher office, avoid calling out waste because it's likely to spark a fight with their colleagues, or draw angry protesters to their offices. The norm in the political class is a law of omerta, or silence, about calling out wasteful spending. (news.financializer.com). As reported in the news.

bond market: Integration of investment channels in the inter-bank bond market and the panda bond market will be promoted in an orderly manner, and the regulator will also encourage securities and fund companies to enter the foreign exchange market and support innovation in derivatives, including options products, according to Wang, according to Global Times China. Industry insiders noted that the participation of foreign capital in China's bond and stock market remains lower not just compared to developed countries, but also lower than some emerging countries. We will steadily promote the opening of capital accounts, reform the investment system for qualified foreign institutions, simplify access management, and expand the scope of investment - that is, to reform the QFII and RQFII systems, Wang Chunying, spokeswoman for the State Administration of Foreign Exchange SAFE told a press conference on Thursday. Foreign investors' holding ratio in China's bond market is only 2 percent, while it is 3 percent in the stock market, SAFE data showed. China has made substantial progress in financial opening and integration into the global market in the past few years. The low participation rate showed that there is still room for foreign investors to buy more Chinese financial products and the Chinese bond market and the stock market will become more involved in the international mainstream index after the second quarter of 2019, Wang said. (news.financializer.com). As reported in the news.

list: In 2018, such a catalog appeared for the first time in the style and text of a negative list, borrowing from similar approaches used in China's pilot free trade zones, according to Global Times China. Photo VCG The views of foreign investors will be given consideration on how China revises its negative list for investments, but China will pace its opening up process, Chinese analysts said on Thursday. China has been routinely slashing its catalogue governing foreign investment in recent years. With the release of a new negative list less than two months away, Chinese analysts from the National Development and Reform Commission NDRC and the Ministry of Commerce MOFCOM as well as from the legal and industrial sectors, discussed how China will update its negative list this year. Bai Ming, deputy director of the Ministry of Commerce's International Market Research Institute, said that negative list revision will involve the NDRC and the MOFCOM, and foreign companies and industry associations will also be consulted. In March, Chinese Premier Li Keqiang announced that China would revise and issue the negative list for foreign investment by the end of June at the Boao Forum for Asia annual conference in South China's Hainan Province. (news.financializer.com). As reported in the news.

earnings share: The Nasdaq Composite Index COMP, 0.02% meanwhile, reversed its earlier drop to edge up 1.98 points to 7,998.06, according to Market Watch. Stocks finished out the week on a generally positive note. How did the indexes fare The Dow Jones Industrial Average DJIA, 0.42% rose 110 points, or 0.4%, to 26,559.54 and the S&P 500 index SPX, 0.16% added 4.58 points, or 0.2%, to 2,905.03. The S&P 500 shed about 0.1% but the Dow climbed 0.6% and the Nasdaq gained 0.2%. Markets will be closed for the Good Friday. The first-quarter earnings outlook has improved somewhat, according to CFRA, which said consensus estimates now call for a 2.3% fall in first-quarter operating earnings a share. What drove the market Investors were deluged with a series of earnings reports and data that sent inconsistent messages about the health of the U.S. and global economies. (news.financializer.com). As reported in the news.

economists thanks: Meanwhile, industrial production rose by 8.5%, well above the 6% forecast by economists, according to Market Watch. These numbers follow better-than-expected data on credit growth, a key metric that signals whether China will maintain the kind of investment in infrastructure, real estate and capital goods that have been the main driver of its growth in recent years. The Chinese economy grew 6.4% in the first quarter, compared with the year-ago period, above the 6.3% rate expected by economists, according to Fact Set, and maintaining the pace seen in the final quarter of 2018. Thanks to significant but not huge stimulus, the Chinese economy is picking up somewhat, John Vail, chief global strategist at Nikko Asset Management, told Market Watch, referring to measures the Chinese government has taken to cut taxes on businesses and consumers, and to encourage new bank lending. Indeed, several major companies like Apple Inc. These should be welcome data for U.S. multinational companies, given that China has become a key export market for many American corporations. (news.financializer.com). As reported in the news.

barb shadomy: We're thrilled to be recognized as the South's top inn by the true experts travelers who shared their experience by voting in Southern Living magazine's Best of the South survey, said Barb Shadomy, interior designer and owner of Stonehurst Place, according to MSNBC. We owe a deep gratitude to our treasured guests for their votes that confirm Stonehurst Place's appeal to travelers is our unique combination of contemporary interiors set against the backdrop of this renovated historic mansion house, combined with sumptuous gourmet breakfasts and the thoughtful service of our incredible staff who help guests enjoy an authentic, local experience. 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10 PM ETSend a Release News Products Contact News in Focus Browse News Releases All News Releases All Public News Releases Overview Multimedia Gallery All Multimedia All Photos All Videos Multimedia Gallery Overview Trending Topics All Trending Topics Business & Money Auto & Transportation All Automotive & Transportation Aerospace, Defense Air Freight Airlines & Aviation Automotive Auto & Transportation Overview Maritime & Shipbuilding Railroads and Intermodal Trucking & Railroad Travel Trucking and Road Transportation Business Technology All Business Tech Computer & Electronics Computer Hardware Business Technology Overview Computer Software Data Analytics Electronic Commerce Electronic Components Electronic Design Automation Financial Technology High Tech Security Internet & Media All Entertain ment & & Media Overview Film and Motion & Information Services & Investing All Financial Services & Investing Accounting News & Issues Acquisitions, Mergers and Takeovers Banking & Financial Services & Investing Overview Bond & Stock Ratings Conference Call Forecasts & Projections Financing Opinions Joint Ventures Mutual Funds Private Placement Real Estate Restructuring & Recapitalization Sales Reports Shareholder Activism Stock Offering Stock Split Venture Capital General Business All General Business Awards Commercial Real Estate Corporate Expansion Earnings General Business Overview Human Resource & Workforce Management Licensing New Products & Businesses Overseas Real Estate non-US Personnel Announcements Real Estate Transactions Residential Real Estate Small Business Services Socially Responsible Investing Surveys, Polls and Research Trade Show News Science & Tech Consumer Technology All Consumer Electronics Computer Hardware Computer Software Consumer Technology Overview Consumer Electronics Data Analytics Electronic Commerce Electronic Gaming Financial Technology Mobile Entertainment Multimedia & MediaSTEM Science, Tech, Engineering, Math Wireless Communications Energy All Energy Alternative Utilities GasEnergy Overview Mining Mining & Metals Oil & Energy Oil and Gas Utilities Environ ment All Environ ment Conservation & Recycling Environmental Issues Environmental Policy Environmental Products & Services Environ ment Overview Green Technology Natural Disasters Heavy Industry & Manufacturing All Heavy Industry & Manufacturing Aerospace & & Building Heavy Industry & Manufacturing OverviewHVAC Heating, Ventilation and Tools, Metalworking and Metallurgy Mining Mining & Metals Paper, Forest Products & Containers Precious and Services Mobile Industry VoIP Voice over Internet Protocol Wireless Communications Lifestyle & Health Consumer Products & Retail All Consumer Products & Retail Animals & Pets Beers, Wines and Spirits Beverages Bridal Services Consumer Products & Retail and Personal Care Fashion Food & Beverages Furniture and Furnishings Home Improvement Household, Consumer & Cosmetics Household Beverages Office Products Organic Food Product & Media All Entertain ment & & Media Overview Film and Motion & Information Trials & Medical OverviewFDA Approval Health Care & Hospitals Health Insurance Infection Control Medical Equipment Medical Pharmaceuticals Mental Medicine Sports All Sports General Sports Outdoors, Camping & Hiking Sporting Events Sports Equipment & Accessories Sports Overview Travel All Travel Amusement Parks and Tourist Attractions Gambling & Casinos Hotels and Resorts Leisure & Tourism Travel Overview Outdoors, Camping & Hiking Passenger Aviation Travel Industry Policy & Public Interest Policy & Public Interest All Policy & Public Interest Advocacy Group Opinion Animal Welfare Corporate Social Responsibility Domestic Policy Policy & Public Interest Overview Economic News, Trends, GovernmentFDA Approval Federal and State Legislation Federal Executive Branch & Agency Foreign Policy & International Affairs Homeland Security Labor & Union Legal Issues Natural Disasters Not For Profit Patent Law Public Safety Trade PolicyU.S. State Policy People & Culture People & Culture All People & Culture Aboriginal, First Nations & Native American African American People & Culture Overview Asian Gay & Bisexual People with Stonehurst Place named South's Number One Inn by Southern Living in magazine's 2019 South's Best Awards News provided by Stonehurst Place Bed & Breakfast Apr 18, 2019, 16 12 ETShare this articleATLANTA, April 18, 2019 /PRNewswire/ -- Stonehurst Place wins coveted Number One Inn spot when iconic Southern Living magazine surveys readers to determine the best destinations in the region. The reader survey was developed by the editors at Southern Living in association with a third-party research firm, GBH Insights, and was made available online from July to October 2018. Stonehurst Place, member of the Southern Living Hotel Collection, was home base for Michael Dubin, famed Dollar Shave Club founder, and his family during their 2018 Atlanta visit for his commencement speech at alma mater, Emory University. The more than 65,000 responses included votes for Inns, Hotels, Resorts, Restaurants, Bars, Barbecue Joints, Chefs, Cities, Food Cities, Food Towns and Small Towns. (news.financializer.com). As reported in the news.

bottom line: For the most part, they don't tend to be eco warriors, even though their sons and daughters might be, according to The Guardian. What they care about is profit and loss, the good old bottom line. This is the sort of language foreign exchange dealers and derivatives traders understand. So that's how the Bank of England's governor approached his subject. You don't get much blunter than that. Companies that don't adjust to the reality of global warming will simply cease to exist. (news.financializer.com). As reported in the news.

china china: Amazon AMZN did not explain why it was withdrawing its marketplace service, saying only it will instead focus on selling goods shipped from other countries into China, according to CNN. China will overtake the US as the world's biggest retail market this year We are notifying sellers we will no longer operate a marketplace on Amazon.cn, and we will no longer be providing seller services on Amazon.cn effective July 18, the company said in a statement. It will close its marketplace in China in the coming months, meaning Amazon customers in the country will no longer be able to buy goods from Chinese merchants. Amazon's platform competes for Chinese sellers with Tmall, owned by the country's e-commerce leader Alibaba BABA . Read More Amazon first entered the Chinese market 15 years ago, when it acquired an online book retailer, but it has struggled amid fierce competition. China's online retail market is huge, notching up about 2 trillion in sales annually, according to research firmer eMarketer. Research suggests that the company's market share in China was miniscule compared to local rivals. (news.financializer.com). As reported in the news.

college sign: Schwarzman's plan would eliminate taxes for teachers, introduce a higher minimum wage and more technical training for people who don't go to college, according to The Guardian. Sign up for the US morning briefing But Schwarzman, who Forbes estimates to be worth 13.7bn, seemed keen to avoid the term income inequality at a time when inequality, which has been growing markedly for more than 30 years, has become a hot political topic. The CEO of Blackstone and former Trump adviser outlined what he called a Marshall plan for the middle class on cable channel CNBC referencing the US initiative that aided the rebuilding of western Europe after the second world war. What we have is less an issue of income inequality than income insufficiency for the bottom 50% of the society, he said on CNBC's Squawk Box. This is not anecdotal, he said. I look at this as a systemic problem. (news.financializer.com). As reported in the news.

i ve: The chicken ran out at 10 a.m. while the 80-year-old Castell still had 20 people in front of her, according to The Japan Times. She returned the next morning, but no chicken. For two hours she leaned on her cane watching people leave the state-run market with their 5-pound limit. Then, relief. Her household of three was due three pieces, either thighs or drumsticks. ; I've taken care of myself my whole life, said Castell, a retired janitor. A neighbor told her that chicken had arrived at the government store that distributes heavily subsidized monthly food rations. (news.financializer.com). As reported in the news.

liu zhiqin: But 10 years ago, the scope and depth for China's opening-up were immature and the country lacked experience and talent to help ease market access for foreign investors in sectors like finance, Liu noted, according to Global Times China. As more foreign capital has entered the Chinese market, due legislation is needed to protect their interests, he said. Many people wondered why such a law came into being at this moment instead of 10 years ago In fact, it is the proper timing at present since the country has enough resources, talent, experience and a relatively mature market to attract overseas capital, Liu Zhiqin, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China, told a briefing in Beijing. The new foreign investment law, which was adopted by the country's top legislature on March 15, is the first of its kind and will come into effect on January 1, 2020. With the new law comes fundamental and institutional change, as it shows that China's confidence in its system has reached a new level and the domestic market has gradually become mature, Liu said. It provides a legal basis for various aspects of foreign investment ranging from classification to management and gives overseas investors equal treatment, greater access and better legal protection. (news.financializer.com). As reported in the news.

power players: Those services range from ride-hailing and car-sharing to delivery robots and self-driving vehicles. ; The extent of those investments, based on a Reuters analysis of publicly available data and interviews with a dozen sources familiar with Soft Bank's investment strategy, has not previously been reported, according to The Japan Times. They show how Son has emerged as one of the power players trying to influence how people and goods move about the world in the coming decades. The Japanese entrepreneur is placing a 60 billion bet in more than 40 companies in a bid to steer the 3 trillion global automotive industry now dominated by vehicles people own and drive to a spectrum of transportation services available at the touch of a smartphone app. Key partners in Son's quest are Uber, the U.S. ride services leader, and Toyota Motor Corp. The rising value of that investment will further supercharge Son's growing clout in the sector, and eventually provide him with additional capital to invest. Uber's planned initial public stock offering in May is expected to value the company at 90 billion to 100 billion, representing a potential windfall to Soft Bank, which put 8 billion into Uber for a 15 percent stake in January 2018. (news.financializer.com). As reported in the news.

profit-taking activities: The index added 4.22 points the previous day, according to The Japan Times. Getting off to a mixed start following a modest pullback on Wall Street on Wednesday, the Tokyo market went south as investors apparently moved to cash in gains from the recent rally. The 225-issue Nikkei average dived 187.85 points, or 0.84 percent, to end at 22,090.12, after rising 56.31 points on Wednesday. ; The Topix index of all first-section issues closed down 15.71 points, or 0.96 percent, at 1,614.97. Both indexes kept sinking in the afternoon, pressured by persistent profit-taking activities and the yen's strengthening against the dollar, brokers said. As the Nikkei gained some 590 points in the past five sessions, investors' shift to the sell side was a natural move, a brokerage official said. In addition, selling to square positions hit the market ahead of the Easter weekend overseas including Good Friday, said Hiroaki Hiwada, strategist at Toyo Securities Co. (news.financializer.com). As reported in the news.