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

growth enterprises: The Chi Next Index, which tracks China NASDAQ-style board of growth enterprises, gained 0.91 percent to close at 2,200.80 points, according to Xinhua China. Turnover hit about 563.9 billion yuan . The coal sector is among the day biggest gainers as coal prices have risen in recent months amid a government campaign to cut ineffective production. The benchmark Shanghai Composite Index went up 1.21 percent to close at 3,128.25 points on Monday, while the smaller Shenzhen index closed 0.87 percent higher at 10,842.64 points. Official data showed that since June 2016, China coal price index has risen for four consecutive months. Securities outperformed on hopes of improving earnings reports, with Huatai Securities up 4.7 percent to close at 19.59 yuan. China National Coal Group Corporation and Shanxi Hengyuan Coal and Electricity Group both surged by the daily limit of 10 percent to end at 6.57 yuan and 7.23 yuan per share. (news.financializer.com). As reported in the news.

polarization: But he and his allies seem to be increasingly contemplating the possibility of defeat, according to CNN. Hillary Clinton, meanwhile, is sizing up the challenges of a possible presidency at a time of deep polarization even as her aides say she taking nothing for granted. Donald Trump and his team, facing widening deficits in the polls, insist the Republican nominee can still win. Clinton looking past Trump to transition planning With just over two weeks remaining before Election Day, much of the drama is shifting to Capitol Hill, where anxious Republican leaders -- estranged from their nominee -- can do little more than fret about how bad it could get. Read More Clinton will aim to build pressure on congressional Republicans Monday when she joins Sen. Trump stumbling campaign threatens to wipe out the GOP majority in the Senate -- and maybe even the House. (news.financializer.com). As reported in the news.

price: By Danica Kirka Paul Traynor The Associated Press Mon., Oct. 24, 2016 LONDON—Would you travel halfway around the world for a handbag, or a coat Maybe if you really loved it — and could get 20 per cent off, according to The Toronto Star. At the moment, the price is right in Britain, where the decision to leave the European Union has led to a sharp drop in the pound. That proving a bonanza for luxury shoppers with foreign currency to spend. That proving a bonanza for luxury goods shoppers with foreign currency to spend. I've had my eye on it for a long time and I've always thought it was too expensive, she said, gazing through the Burberry window shops in New Bond Street, the heart of high-end shopping in London. Amy Chang, a 30-year-old from China, snagged a Burberry trench coat this week while visiting London for her sister graduation. (news.financializer.com). As reported in the news.

public-private partnerships: The scheme, worked out by Finance Minister Bill Morneau hand-picked advisory panel, relies on privatization, deregulation, public-private partnerships and user fees, according to The Toronto Star. It would reserve profitable public infrastructure for the private sector but have governments alone foot the bill for those schemes — such as environmental remediation and First Nations projects — that are destined to lose money. By Thomas Walkom National Affairs Columnist Mon., Oct. 24, 2016 At its core, the federal government bold new plan for economic growth is strikingly familiar. It would have the government set up a new agency to convince foreign investors that Canada is open for business. The report, released last week, talks several times about creating a flywheel of institutional capital participation — whatever that means. The jargon is modern. (news.financializer.com). As reported in the news.

time warner: Analysts said the drop in share priceswas indicative of strong concerns that the deal, which the companies signed on Saturday night, may collapse, according to The Guardian. AT&T agrees to buy Time Warner for $85bn as Trump slams deal Read more The credit-rating agency Moody issued further concern on Monday by warning it was reviewing AT&T for a downgrade because of doubts over the merger. AT&T shares fell 1.5% to $36.93. It said the company credit rating could be cut to Baa2, the second lowest investment grade. Donald Trump said he would look at breaking this deal up if he were elected president. Politicians of all hues have raised concerns about the deal, which would see one company control a vast swath of media assets and their distribution. (news.financializer.com). As reported in the news.

shop: Authorities said the fire broke out in the Leumeah shop just after 6am, according to Nine News Australia. A man, who was in the car park when he saw the flames, said he ran up to the units above to get the sleeping residents to safety. Five people have been rescued from units above a Sydney dollar shop that erupted in flames this morning. The witness ran up to units above the fire to wake sleeping residents. I kicked the front door in. I see the flames coming out, I rang the landlord and the landlord said get the people out, he said. (news.financializer.com). As reported in the news.

population growth: Two years ago WA was at the top of the state economy ranking, but has steadily dropped since then, to finally fall to last spot behind Tasmania and Queensland, according to Australian Broadcasting Corporation. The report takes into account eight key indicators: economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. Related Story: New South Wales economy continues to lead Australia: Comm SecRelated Story: Incomes, job insecurity high in WA post mining boom Related Story: Grylls ramps up push to review mining company tax contracts Map: WA Western Australia has fallen to last spot in the latest Comm Sec State of the States ranking, as the end of the mining boom continues to hit the state economy hard. Commsec economist Savanth Sebastian said WA economic performance reflected the end of the mining construction boom, but indicated some improvement was likely before too long. "There still some positives ... the income lift that will come in line with the record mining export and the recent lift in resource prices," Mr Sebastian said. "The public-private infrastructure partnerships that are supporting the broader growth story is holding up retail sales relatively well in a relatively tough environment for Western Australia. "It just highlights you go through these cycles and at the moment Western Australia is feeling a little bit of a tough time." Retail sales holding up, employment weak WA posted the second-weakest nominal annual growth rate, down 5.9 per cent on last year but spending was up by 10.7 per cent. "You've got to take some heart from the fact that retail sales are holding up relatively well and it just going to take some time for the transition phase to run through the WA economy," Mr Sebastian said. Photo: Deidre Willmott says the Government must cut spending. "We need this state election to cement our place as a strong place to invest which means that we need good policies, we need a focus on reducing spending … paying down debt," Ms Willmott said. One of the weakest indicators for WA was the rising unemployment figure. "Unemployment in Western Australia is essentially about 40 per cent above its decade average," Mr Sebastian said. "If you start to see much more, drive from the public sector, the Government, to support infrastructure and it can drum up further business confidence and should support the broader growth story over the medium term." Mr Sebastian said the lift in commodity prices in the past six months was an encouraging trend. "There was a lot of talk about the China bubble bursting last year and in fact it looks like if anything the Chinese economy is on a much more solid footing and that certainly a very big positive for resource economies like WA," he said. "While the big miners may not come back and invest in the sector immediately, the medium term suggests that investment will be required." New South Wales has held onto its position of strongest-performing economy, followed by Victoria and the ACT. Debt must be reduced, CCI says WA Chamber of Commerce and Industry chief executive Deidre Willmott said the Government needed to focus on reducing spending and debt. (news.financializer.com). As reported in the news.

carrier millions: The companies said they expect the deal to close by the end of 2017, according to Market Watch. AT& T, -1.68% Chief Executive Randall Stephenson would head the new company. The wireless carrier agreed to pay $107.50 a share, evenly split between cash and stock. The companies said Time Warner TWX, -3.06% Chief Executive Jeff Bewkes would stay for an interim period following the close of the deal to help with the transition. he combined business would pair the carrier millions of wireless and pay-television subscribers with Time Warner deep media lineup, which includes networks such as CNN, TNT, the prized HBO channel and Warner Bros. film and TV studio. An expanded version of this report appears at WSJ.com. It furthers AT&T bet that television and video can drive growth into a stalled wireless market. (news.financializer.com). As reported in the news.

government members: She emphasized the prevalence of rule of law to attract foreign investors, inviting government members, donors and local entrepreneurs to get involved in formulating the national economic policy, according to Global Times China. She expressed the government commitment to modernizing the agricultural sector of the country in the economic policy, pointing out that the agricultural sector stands the main sector on which the majority of the people are dependent upon. Meeting with entrepreneurs and development partners in Nay Pyi Taw Saturday, Suu Kyi also called for upgrading the capacity building of the citizens, stressing the importance of the measure introduced for national development in the long run. Honoring local successful businessmen including top 158 tax payers, Suu Kyi stressed the importance of paying tax for supporting the country and the need for building a culture under which people feel proud for dutifully paying taxes out of their own will. For rapid economic development, Suu Kyi called on the participants to help the new government with genuine efforts to be able to overcome the challenges, disclosing that the government has formed a committee with donor nations, donor organizations and development partners who want to help the country for its national development. In fighting corruption, Suu Kyi urged the people to make formal complaint any time to her office directly or to the ministries concerned. (news.financializer.com). As reported in the news.

internet firm: The hacker group claiming responsibility says that the day antics were just a dry run and that it has its sights set on a much bigger target, according to The Japan Times. And the attackers now have a secret weapon in the increasing array of internet-enabled household devices they can subvert and use to wreak havoc. On Friday, epic cyberattacks crippled a major internet firm, repeatedly disrupting the availability of popular websites across the United States. The fire hose Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and Pay Pal. These work by overwhelming targeted machines with junk data traffic — sort of like knocking someone over by blasting them with a fire hose. (news.financializer.com). As reported in the news.

warner: The Texas-based multinational telecommunications conglomerate has agreed to pay $107.50 a share for Time Warner, it said in a press release late Saturday, according to Deutsche Welle. The deal is half cash and half stock. The agreement has the potential to reshape the media industry. AT&T Chief Executive Randall Stephenson will head the new company and Time Warner Chief Executive Jeff Bewkes, who has been in the post since 2008, will leave after an interim period following the deal, a person familiar with matter told the "Wall Street Journal." The Time Warner Center in New York Reviewing the deal The company said that the US Department of Justice would review the deal and that the companies were determining which Federal Communications Commission licenses, if any, would be transferred to AT&T in the deal. "Such a massive consolidation in this industry requires rigorous evaluation and serious scrutiny," US Senator and member of the Senate Judiciary Committee Richard Blumenthal said after the deal was announced. DirecTV Now service is due to launch within months targeting the 20 million people in the US who don't have pay TV. The company has planned for it to be the primary TV platform by 2020, according to Bloomberg, allowing viewers to view a TV package over the internet without a cable box or satellite dish. AT&T is the second-largest provider of mobile telephone services and the largest provider of fixed telephone services in the US. It also provides broadband subscription television services through DirecTV, which it bought in 2015 for $48.5 billion to become the nation largest pay TV provider with more than 25 million customers. (news.financializer.com). As reported in the news.

press conference: Jessica Drake listens to questions after giving a statement in which she alleges Republican Presidential candidate Donald Trump sexually harassed her at a 2006 golf event in Lake Tahoe at a press conference held by attorney Gloria Allred in Los Angeles, California, according to Nine News Australia. To that end, she attacked Pennsylvania Republican senator, Pat Toomey, accusing him of refusing to "stand up" to Mr Trump as she praised his Democratic challenger, Katie McGinty. In response to Mr Trump remarks, Hillary Clinton said she was done responding to what her Republican opponent was saying as Election Day nears and would instead focus on helping elect other Democrats. Noting Mr Trump comments about Mexican immigrants and his attacks on a Muslim-American military family, she said of Mr Toomey: "If he doesn't have the courage to stand up to Donald Trump after all of this, then can you be sure that he will stand up for you when it counts "Mr Toomey spokesman Ted Kwong said Ms Clinton comments highlight Ms McGinty lack of independence."Today is just further proof that hyper-partisan, ethically challenged Katie McGinty will be a rubber stamp for everything Hillary Clinton wants to do in Washington," he said."Pat Toomey has been, and will continue to be, an independent leader in the Senate on issues ranging from gun safety to ending Wall Street bailouts."Ms Clinton also rejected Mr Trump allegation, offered without evidence, that the dozen or so women who have come forward had been prompted by her campaign or the Democratic National Committee. On Saturday, an adult film actress said the billionaire kissed her and two other women on the lips "without asking for permission" when they met him after a golf tournament in 2006. The accusers emerged after the former reality TV star boasted of kissing women and groping their genitals without their consent. (news.financializer.com). As reported in the news.

life: The shops have been full, according to The Guardian. Employment has continued to rise. Life for most has trundled on just as before. Britain is still the low pay, low productivity country it always was. The release of the growth figures for the third quarter of 2016 on Thursday will reinforce the sense that not much has changed. If someone had left in early June and returned today without access to the news, they would never know there had been a referendum. (news.financializer.com). As reported in the news.

quotation system: Turnover on the New Third Board reached 4.24 billion yuan last week, according to Royal Flush Information, a financial information service provider, according to Xinhua China. The New Third Board, or National Equities Exchange and Quotation system, serves as a national share transfer system for SMEs to transfer shares and raise funds. The number of companies listed on the board was 9,227 as of Oct. 21 and represents China efforts to encourage the development of SMEs amid downward economic pressure. It was founded in 2006 as an experimental platform to facilitate financing for China non-listed small and promising high-tech enterprises in Beijing Zhongguancun Science Park. It complements the existing stock exchange, the SME board and the Chi Next board. The present system was officially established on Jan. 16, 2013 after trials in cities including Shanghai, Wuhan and Tianjin. (news.financializer.com). As reported in the news.

results: Still, those results will be dominated by one major question – the financial health or otherwise of the bank – following the US Justice Department request that Deutsche pony up $14bn to settle all the beastly things it did with mortgage-backed securities, according to The Guardian. That demand caused quite a lot of gasping in Frankfurt, meaning boss John Cryan has been attempting to calm investors' nerves with claims he expects to settle on a smaller figure. The German group was revealed as a lead financial adviser on British American Tobacco planned $47bn takeover of Reynolds American last week – its biggest deal of the year and a useful smokescreen just before the bank results statement on Thursday. All of which might depend on Deutsche ability to charm Americans, which brings us to a second worry. Did the US banks take advantage of their German rival woes and poach all its business Or might Deutsche have also benefited from an industry-wide stimulant that has resulted in a general high By Thursday we should know. The US makes up around 25% of Deutsche revenues, according to Macquarie, and last week Wall Street banks announced results that were surprisingly good across the board. (news.financializer.com). As reported in the news.

scale: Armageddon is not on the horizon, the argument goes, and we should all be taking advantage of this uncertainty to load up on US stocks, according to The Guardian. Not that many people are thinking that way. Can stock market investors scale it Will they even be willing to make the attempt If you listen to at least one group of investment pundits, they should. You'd have more investor interest in a water purification plant in Botswana than in the Standard & Poor 500, said Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, at a luncheon held in New York by Eaton Vance Investment Managers. Last week, part of Bernstein mission, and that of his fellow speaker Eddie Perkin, chief equity investment officer at Eaton Vance, was to get out word that the odds of a stock market meltdown are minimal, or at least far, far lower than the fears of investors. Eaton Vance, a mutual funds firm for which Bernstein manages two funds and provides investment insight, is one of several firms that every so often puts its top money managers in front of financial journalists, to opine on the global markets. (news.financializer.com). As reported in the news.

castro regime: A poll by Florida International University conducted in September found that 63 percent of Cuban-Americans living in Miami opposed the embargo, according to Global Times China. This group has traditionally opposed closer ties to the Castro regime. At a press conference in Havana, Cuban deputy foreign minister, Abelardo Moreno, said the US legislative body should pay attention to public opinion, which supports the end of economic sanctions against Cuba. "The American people are responsible for demanding their leaders in Congress lift the economic blockade, because they must represent the opinion of a great majority of the US population and institutions," he said. A Pew Research Center poll in July also showed 72 percent of Americans in favor of lifting the embargo. In response, Moreno said, "Mr. However, the top Republican in the US Congress said on Tuesday he intended to keep the trade restrictions in place, dimming hopes for an end to the embargo in the near future. "As the past two years of normalizing relations have only emboldened the regime at the expense of the Cuban people, I fully intend to maintain our embargo on Cuba," US House of Representatives Speaker Paul Ryan said in a statement. (news.financializer.com). As reported in the news.

dollar index: Low volume and no major economic news was the feature of the day as hold was given slight support as the US Dow Jones Industrial Average fell by 14 points, or 0.08 percent as of 1815 GMT. Analysts note that when equities post losses, the precious metal usually goes up, as investors are looking for a safe haven, while the opposite is true when US equities post gains, according to Global Times China. The precious metal was kept from rising any further as the US Dollar Index rose by 0.44 percent to 98.76 as of 1815 GMT. The index is a measure of the dollar against a basket of major currencies. The most active gold contract for December delivery rose 0.2 US dollars, or 0.02 percent, to settle at 1,267.70 dollars per ounce. Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall as gold, measured by the dollar, becomes more expensive for investors. The consumer confidence report and Richmond Fed Manufacturing Index is due Tuesday, the international trade in goods report and new home sales report is due on Wednesday, the durable goods orders and weekly jobless claims report is due on Thursday, and the gross domestic product report is due on Friday. Traders appear to be waiting for next week economic data and Fed speeches, as the PMI Manufacturing Index Flash is due on Monday, along with several Fed speeches. (news.financializer.com). As reported in the news.

election jitters: The tech giants' earnings come at a time when the market has been gripped by ennui as investors are hesitant to buy into equities despite better-than-expected earnings as political and rate-policy uncertainties dampen appetite for risk, according to Market Watch. Investors remain leery, in part to election jitters, Brexit concerns, the Fed and other central banks and are awaiting fresh incentives in a market that is getting 'boring,' said Tom Lee, managing partner at Fundstrat Global Advisors, in a note. The stock market may finally get the excitement that been lacking in the coming week, with the two most valuable companies in the U.S.—Apple Inc. and Alphabet Inc.—slated to report quarterly results. Read:The stock market is caught deep inside 'no man land' Alphabet GOOG, +0.30%GOOGL, +0.30% is expected on Thursday to report third-quarter earnings of $8.63 a share on revenue of $17.99 billion, according to a Fact Set survey of analysts. Apple AAPL, -0.39% is projected to post fiscal fourth-quarter earnings per share of $1.66, down from $1.88 in the year-earlier period. Google parent company posted earnings of $7.21 a share on revenue of $15.03 billion in third quarter 2015. (news.financializer.com). As reported in the news.

iran france: Now, their final plan is ready and the contract will be finalized in near future," Nejad-Salim said, according to Global Times China. Following the implementation of Iran nuclear deal in January, known as the Joint Comprehensive Plan of Action , Iran and France Total signed a Memorandum of Understanding paving the way for Total investment in Iran petrochemical industry. Adel Nejad-Salim, Managing Director of Persian Gulf Petrochemical Industries Company, was quoted as saying that the French company will invest in one of Iran downstream olefin projects. "In recent months, Total has assessed petrochemical projects in Iran and reviewed the status of feedstock. The report stated that in 2015 Iran had around 63 million tons of installed capacity of petrochemicals, which it plans to increase to 130 million tons by 2020, then up to 180 million tons in 2025. (news.financializer.com). As reported in the news.

turkey: Now the decision is the EU's," he added, according to Deutsche Welle. Ankara formally launched its bid to enter the EU in 2005. Europe should not forget: too much coyness can make love fed up," Prime Minister Binali Yildirim said during a meeting of the ruling Justice and Development Party . "Turkey has been working for over half a century for its European Union membership and has done more than what it should. Since then, only 16 chapters of the 35 chapter accession process have been opened. In return, Turkey demanded that its citizens be allowed to visit the Schengen Area without a visa. Talks were sped up in March, when the two sides signed a multi-billion-dollar deal in which Turkey agreed to hold back migrants from Syria and Iraq who were planning to go to Europe. (news.financializer.com). As reported in the news.

code: On Friday, hackers attacked the websites of a number of leading online companies including Twitter, Spotify and Reddit, according to The Guardian. They used a special code to harness the power of hundreds of thousands of internet-connected home devices, such as CCTV cameras and printers, to launch distributed denial of service attacks through a US company called Dyn, which provides directory services to online companies. The virtual currency, which is highly prized by criminal networks because it cannot be traced, is being acquired by blue chip companies in order to pay ransoms, according to a leading IT expert. DDoS attacks involve inundating computer servers with so much data traffic that they cannot cope. Facebook Twitter Pinterest Twitter was among a those giant internet companies targeted by last week attack in the United States Photograph: Kacper Pempel/Reuters Dr Simon Moores, a former technology ambassador for the UK government and chair of the annual international e-Crime Congress, the global body that brings together IT professionals, said the scale and ferocity of the attacks meant some banks were coming round to the view that it was cheaper to pay off the criminals than risk an attack. There is no evidence that Dyn was the subject of extortion demands but it has become apparent that hackers have been using the code to threaten other businesses into paying them with bitcoins or risk becoming the target of similar attacks. (news.financializer.com). As reported in the news.

statistics canada: Nine of the index ten sub-sectors were in the positive on the day, according to Xinhua China. Early Friday morning, Statistics Canada released September Consumer Price Index as well as August retail sales figures, both of which fell below market expectations. The Toronto Stock Exchange benchmark Standard & Poor's/TSX Composite Index gained 91.12 points, or 0.61 percent, to close the week at 14,939.04 points. The CPI rose 0.2 percent to 1.3 percent, slightly lower than the 1.5-percent consensus and retail sales fell 0.1 percent to 44 billion Canadian dollars , in contrast with an expected increase of 0.3 percent. The index rebounded in a big way in the week as each session of the week ended with a gain. Entering the week, the TSX was in the midst of a six-week long slump where the index lost 12.96 points since Sept. 1. (news.financializer.com). As reported in the news.

stimulus measures: All the worry is about what might happen in the future – will we have room for stimulus measures should the economy slow, and rather more abstractly, will our debt level cause the ratings agencies to lower our triple-A credit rating At the moment, Australia is one of only 10 nations to have a triple A rating from the three agencies of Standard & Poor's, Fitch and Moody's, according to The Guardian. Scorn for Morrison numbers triggers Standard and Poor negative outlook Read more This week came reports that S&P, which in July put Australia on a negative credit outlook, might use the updated budget figures in December mid-year economic and fiscal outlook as a trigger for the downgrade. When you look at talk about government debt, it soon obvious that no one actually argues it is inhibiting economic growth. While there is a good chance that government revenue will be improved by the recent increases in coal and iron ore prices, Treasury officials told the Senate estimates hearing this week there was a lot of uncertainty about how long those higher prices would remain in place. Yet really we should ask why on Earth does such an agency have so much importance S&P for example is the only one of the three major credit agencies to not have the US rated triple A. It is frankly absurd to think that the US would be in any way unable to repay its debt given its status as the world largest economy with a currency that is far and away the most traded in the world. As such, the number in the Myefo might not show much of a lowering of the deficit, and thus S&P might decide the path back to surplus is too slow or unrealistic and take away our triple-A rating. (news.financializer.com). As reported in the news.

chinese lawmakers: European Court of Justice rules against big tobacco The ECJ ruled in favor of those calling for plain tobacco packaging laws and a ban on flavored cigarettes, according to Deutsche Welle. The move comes ahead of a new law in Germany that will see pictures of diseased lungs on packs of cigarettes. Several countries, including New Zealand and Norway, have also pledged to ditch pack logos. China needs to act against smoking At the ongoing annual national legislative session, Chinese lawmakers should adopt a raft of measures such as smoke-free public places to curb smoking, the WHO country representative Bernhard Schwartlaender tells DW. British American Tobacco said Friday it was seeking to buy a stake of 57.8 percent in Reynolds American for about $47 billion . The cash-and-shares offer would see BAT purchase exactly the amount of remaining shares that it does not already own. London-listed BAT, which already holds 42.2 percent in Reynolds, said the transaction would give it a leading position in the US tobacco market and a significant presence inhigh growth emerging markets, together with the most attractive developed markets. "The proposed merger of our two great companies is the logical progression in our relationship and offers all shareholders a stake in a stronger, truly global tobacco and Next Generation Products company," said BAT chief executive Nicandro Durante. BAT bids $56.50 per Reynolds share - a 20-percent premium on Thursday close - valuing the North Carolina-based company at around $93 billion. (news.financializer.com). As reported in the news.

daimler: Chinese buyers were especially keen to get behind the wheel of a Mercedes, with unit sales increasing 20 percent there. "Daimler remains on track to achieve our forecast for the full year, despite volatile sales and finance markets, the carmaker finance chief Bodo Uebber said in the earnings report, according to Deutsche Welle. However, sales "in the magnitude of the previous year" means the company is less confident of achieving "a slight increase" it announced in July, when it released its second quarter results. Growth at Daimler was powered by the cars division, whose Mercedes and Smart brands saw 12 percent growth in sales. The announcement was a disappointment for investors, causing Daimler shares to slump by more than 3 percent in morning trading at the Frankfurt Stock Exchange on Friday. German Future Prize 2016: the teams' inventionsA highly sought-after trophy Since 1997, the German Future Prize nominates three teams per year for an inventors' award. Susan Joho, analyst with Julius Bär, said the car company had fulfilled high market expectations in the quarter. "But the future looks more sobering because Daimlers outlook is weak," she told the news agency Reuters. (news.financializer.com). As reported in the news.