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

candidate trump: Donald Trump at the gate Reports in the American media leave no doubt about it: "Trump to open state campaign headquarters in Berlin," it says in black and white, according to Deutsche Welle. Trump "ante portas" - the brutal reality of it: Trump "before the gate"! Correspondent Gero Schliess, who spent three years in the US, knows America quirks And most likely, it will be the Brandenburg Gate. In the worst case scenario, the US election monster wave will roll across Europe and come crashing into Berlin. This, after all, is a site which has made history countless times, not least when former US President Ronald Reagan went at Soviet leader Mikhail Gorbachev head on. Back then, in 1987, Reagan demanded "Mr. For Republican presidential candidate Trump, the site could also offers massive PR potential. (news.financializer.com). As reported in the news.

brexit: But a revival of fortunes has seen him become part of the committee of MPs who will scrutinise the Brexit process in parliament, according to The Guardian. This week he will get his chance to explain to company bosses his views on how they should deal with leaving the EU at a conference organised by the Economist called Business after Brexit. Instead, after his well-publicised battle for the leadership with Boris Johnson – which neither won – he seemed destined to be barracking from the back benches. In front of an audience of executives from middle-sized businesses, the event will consider whether the UK is about to enter a recession, the timetable for Brexit and what should happen during the negotiation period with the EU. Meanwhile Gove will be talking in particular about the future trade deals necessary to boost UK exports. Halfords rides into a headwind Halfords is pedalling hard, but not quite managing to stand still. He is the final speaker at the conference, so let hope he has got his childcare arrangements sorted out. (news.financializer.com). As reported in the news.

tax: The committee was due to return its verdict on Monday, following a snap inquiry into a range of new measures including a 19 per cent income tax rate for working holiday makers, according to Australian Broadcasting Corporation. Labor pushed for hearings after the Coalition backflipped on its original plan to enforce a 32.5 per cent tax on all backpackers' earnings, from the first dollar. Map: Bundaberg 4670 A Senate Economics Committee report on the backpacker tax has been delayed until Wednesday, the ABC understands. During public hearings, Treasury officials told the committee the government never modelled the impact of higher backpacker taxes on the agriculture sector or the economy. On Sunday, Labor leader Bill Shorten told the ABC Insiders program that the Opposition was "open to" a 10.5 per cent tax rate. The Opposition said it would declare a position on the proposal - a 19 per cent tax rate for backpackers, who will also lose 95 per cent of their superannuation in tax when they leave the country - after the inquiry reports back. (news.financializer.com). As reported in the news.

commerce ministry: In the 9-minute video clip explaining the process of drafting the E-commerce law, which began in 2013, the commerce ministry said with the rapid growth of internet usage across the country, purchasing goods and services online has expanded rapidly in the last five years, according to Xinhua China. According to the figures of the ministry of posts and telecommunications, some 6.3 million of the kingdom 15 million people have access to the internet by last year, most of them get access to online via smart phones. E-commerce refers to the purchase of goods and services via online system, which would bring a lot of new business opportunities for young entrepreneurs in Cambodia and undoubtedly contribute to the national economic growth, said the press release posted on the ministry Facebook page, along with a video clip. "However, this kind of business requires specific rules and regulations to manage its transactions to ensure accuracy and safety for all the concerned parties," it said. Commerce minister Pan Sorasak said the draft law was not only for Cambodia, but also for the entire world because E-commerce had no borders. "Presently, we work in a physical space, the space where we see each other in conducting trade. Kem Saroeung, director of legal affairs department at the commerce ministry, said the law was designed to protect both investors and consumers. "The draft law will also covers E-payment, which is managed by the national bank of Cambodia," she said. "It also states punishment for those who abuse the law." The bill is being drafted by the commerce ministry in cooperation with justice ministry, posts and telecommunications ministry, national bank of Cambodia and council of ministers. But E-commerce is not in this way, it a big environment..., we can purchase immediately via computer, and E-commerce has no borders," he said in the clip. (news.financializer.com). As reported in the news.

fish fingers: Birds Eye, which is owned by New-York-listed Nomad Foods, is seeking price rises of as much as 12% as it said many of its raw materials were priced in dollars and so its sterling costs had risen, according to The Guardian. Birds Eye is said to be threatening to shrink pack sizes on some products to help offset cost increases, cutting the number of fish fingers in a packet, for example, from 12 to 10 or from 20 to 18. The brands have joined Typhoo and Unilever, the owner of Marmite, and a number of smaller suppliers in an industry-wide battle over price increases caused by the 14.5% drop in the value of the pound against the euro and 18% against the dollar since the UK voted to leave the European Union. Wayne Hudson, Birds Eye UK and Ireland managing director, said: Increasing costs is not a decision we take lightly, and the last time it was necessary to raise costs was in 2012. He said Birds Eye costs had risen by an average of 5%. Some product costs increased by more than that, requiring the company to push for a double figure price increase in some cases. As such, we have been in open and collaborative conversations with the retailers for some time now and are working closely with them to minimise any impact on our customers. (news.financializer.com). As reported in the news.

photo: Photo: Han Jiwei Visitors wearing traditional Korean costumes take pictures in front of the Broken Bridge in Dandong that used to connect China and North Korea, according to Global Times China. Photo: Han Jiwei North Korean children swim near the Yunfeng Dam on the Yalu River where the country woodcutters collect their lumber. Photo: Han Jiwei Two men take a peek at the other side of the Yalu River with binoculars near Ji'an, Northeast China Liaoning Province. Photo: Han Jiwei Seen from a border village on the way from Longjing to Tumen in China Yanbian Korean Autonomous Prefecture, portraits of Kim Jong-il and Kim Il-sung, late North Korean top leaders, hang outside a North Korean train station. Photo: Han Jiwei "Look out there!" a sailor suddenly shouted at me while clapping my shoulder. Photo: Han Jiwei Young North Koreans check out Dandong on a ship from the opposite North Korean town of Sinuiju on the Yalu River. (news.financializer.com). As reported in the news.

revitalization program: If the responses hold true for all single member households across Japan, almost 2.4 million have no money in the bank and 5.7 million have no investments or savings, according to The Japan Times. The survey findings don't indicate whether people have cash stashed at home. The annual research by the council, which is run by the Bank of Japan, also found that 34 percent of single member households have no long-term investments or savings. The data indicate that Prime Minister Shinzo Abe government still has work to do to fulfill a pledge to spread the fruits of its economic revitalization program more broadly across society. As a stronger yen makes companies cautious about hiring, it makes sense to see a wider income gap, said Hiroaki Muto, chief economist at Tokai Tokyo Research Center in Tokyo. After almost four years of Abenomics, wages haven't risen substantially, despite a tighter labor market, and household spending remains weak. (news.financializer.com). As reported in the news.

services pmi: However, recent economic data has indicated that the Chinese economy is growing at a better-than-expected pace, which should benefit the market, according a report by the China Securities Journal on Friday, according to Global Times China. For instance, the Caixin China General Services PMI rose to 52.4, compared with 52 in September. Stock will remain volatile over the next five days due to the uncertain factors that will effect the overseas markets, such as the US presidential election and its impact on the US dollar, as well as currencies and stocks in emerging market economies, according to a report by the Shanghai Securities News on Friday. Traders said that sentiment was more stable on the Chinese mainland stock markets because the country rigid capital controls act as a cushion against overseas shocks, Reuters reported on Friday. But stock investors still have to stay cautious, the China Securities Journal report said. David Dai, Shanghai-based investor director at Nanhai Fund Management Co, said he wasn't too concerned with the heated presidential race in the US, because "whoever wins, the impact on China could be mild, and indirect," according to Reuters on Friday. "I don't see any negative element that will trigger panic selling," Dai said. (news.financializer.com). As reported in the news.

trade protectionism: As Asian geopolitics alter, the economic shifts are particularly significant, according to Global Times China. The rise of trade protectionism in the US appears to be diminishing its standing among its Asian partners. Following Malaysian Prime Minister Najib Razak jab at the West, saying that former colonial powers should not lecture nations they once exploited, the Southeast Asian nation is seen as the next country in the region, following the Philippines, to snub the West and potentially embrace China. Meanwhile, programs initiated by China to promote regional economic integration are making the country an important player in regional affairs. This would help tackle power shortages that impact industrial development in a number of Asian countries. In the latest example, at a summit in Shanghai, State Grid, China biggest State-owned power utility, demonstrated a transmission network that would connect China with India and Southeast Asian countries. (news.financializer.com). As reported in the news.

zbli yli: Alexander Dobrindt ma powody do radości, according to Deutsche Welle. Myto dla zagranicznych osobówek było główną obietnicą wyborczą jego partii Jak podał dziennik "Die Welt", kompromis przewiduje tańsze winiety dla kierowców z zagranicy i większe nakłady na ochronę środowiska. Radości z tego faktu nie krył też niemiecki minister komunikacji Alexander Dobrindt . – Zbliżyliśmy nasze stanowiska i jestem przekonany, że w listopadzie uda nam się dojść do porozumienia z Komisją Europejską – powiedział agencji Reutera. Dziesięciodniowa winieta dla zagranicznego kierowcy kosztować miałaby 2,50 euro . W przypadku niemieckich kierowców opłata miałaby być zawarta w podatku drogowym, ale bez podniesienia jego wysokości. To stanowisko podzielał też rząd w Wiedniu, który i obecnie nie kryje niezadowolenia. – Mamy wrażenie, że Komisja Europejska poszła na handel wymienny, żeby uniknąć konfliktów z Niemcami – powiedział austriacki minister komunikacji Jörg Leichtfried . Redakcja polecaKE pozywa Niemcy za myto przed Trybunał UEPlanowane przez Niemcy opłaty drogowe od samochodów osobowych są dyskryminacją kierowców z innych państw i naruszają unijne prawo – uważa Komisja Europejska i pozywa Niemcy przed Trybunał UE. KE nie zgadza się na niemieckie myto Komisja Europejska zamierza podjąć kroki prawne przeciwko niemieckim planom wprowadzenia myta dla samochodów osobowych korzystających z autostrad i głównych dróg. Wiedeń się burzy Takie właśnie nierówne traktowanie kierowców z Niemiec z jednej strony i kierowców z innych państw Unii Europejskiej było głównym punktem krytyki ze strony Brukseli i powodem wniesienia pozwu. (news.financializer.com). As reported in the news.

government: Their majority report raised questions over safety and cost and also highlighted a lack of trust in the government to deliver, run and adequately regulate such a facility, according to Nine News Australia. It also emphasised the strong objections of indigenous communities and questioned its economic viability, ruling that claims it could raise billions of dollars were based on "assumptions with little support"."Many jurors believe we don't have a right to make a decision that will have such long-term and irreversible consequences for future generations," the report said. The jury presented its final report to the state government on Sunday, with 70 percent of its 350 members unwilling to support the proposal for a dump under any circumstances. But a minority report called for further economic modelling to be conducted before a final decision was made. And it objected to the majority report speaking for the indigenous community after the jury was told that there had been a lack of consultation."To suggest that the indigenous community then has a unanimous position, without adequate consultation, is incorrect," the minority report said. It also raised concerns over bias on the jury, questioning whether opponents to the idea of a dump were over -represented. (news.financializer.com). As reported in the news.

halilovic: In an exchange of Facebook messages beginning in May 2014 and ending July 14, 2014, Quebecer Samir Halilovic bids farewell to a friend whose own attempts to meet him in Turkey — a popular crossing point for aspiring jihadists headed to Syria — appear to have been dashed, according to The Toronto Star. The parting message from Halilovic is among the last that he would have sent before he disappeared, along with fellow Canadians Zakria Habibi and Youssef Sakhir. By Allan Woods Quebec Bureau Sun., Nov. 6, 2016 MONTREAL―A Canadian man suspected of having joined the Islamic terror group Daesh claimed to have financial and logistical backers in his quest to flee Canada, according to messages obtained by the Toronto Star. It a question of hours/days now, God willing. The Star could not independently verify the authenticity of the messages. Hopefully Allah will make it easy for us and for you. (news.financializer.com). As reported in the news.

jimmy carter: The opinions expressed in this commentary are his own, according to CNN. He is the author of "Jimmy Carter" and "The Fierce Urgency of Now: Lyndon Johnson, Congress, and the Battle for the Great Society." He is the co-host of the podcast, Politics & Polls. (news.financializer.com). As reported in the news.

percent year: Revenues grew 0.98 percent from a year earlier to 45.92 billion yuan, according to Xinhua China. The company attributed the profit surge to its fast-growing premium, organic segment. Net profits jumped 20.69 percent year on year to reach 4.39 billion yuan for January-September, according to a statement filed to the Shanghai Stock Exchange. Sales of Ambrosial, its high-end yoghurt, are expected to double this year. The acquisition of Hong Kong-listed Shengmu will allow Yili to secure an organic milk supply and to widen distribution in the sector. Yili is paying 4.6 billion yuan for 37 percent of China Shengmu Organic Milk, the largest Chinese organic milk producer and the only one in the country certified to meet European standards. (news.financializer.com). As reported in the news.

points westpac: Key points:Westpac preferred cash profit measure flat at $7.82bBad debt charges rise 49pc due mainly to a few large corporate loan impairments Dividend remains steady at 94c per share The bank preferred measure of cash earnings, which excludes some one-off items, was in line with the previous year at $7.82 billion, according to Australian Broadcasting Corporation. However, with extra shares on issue to meet increased regulatory requirements, the bank cash earnings per share fell 5 per cent to $2.355 and its cash return on equity also dropped 1.85 percentage points to 14 per cent. Map: Australia Westpac profit has fallen 7 per cent, with the bank recording full-year statutory earnings of $7.45 billion. A key source of the fall in earnings was a 49 per cent increase in bad loans compared to the prior corresponding period, although the bank said the second half impairment charge of $457 million was 31 per cent lower than the first half of 2016. The bank said low dairy prices have affected some of its New Zealand customers, while the ongoing impact of the mining slowdown has hurt borrowers in some regions of Australia. Westpac is attributing the rise in bad debts to a "small number of institutional exposures that were downgraded in the first half", but also acknowledged a 21-basis-point jump in "stressed assets" to 1.2 per cent of the loan book as at the end of September. (news.financializer.com). As reported in the news.

market conditions: It wanted to keep reserves "adapted to market conditions" of 6.5 billion euros at the year end, the statement said, according to Nine News Australia. Portugal paid back 2 billion euros to the International Monetary Fund in February and, in April, Lisbon said it would aim to pay back 6.6 billion euros by December. Portugal Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves."The early paybacks of the IMF loan will depend on market conditions and financing needs, including raising the capital" of the publicly owned Caixa Geral de Depositos bank, the finance ministry said in a statement. This figure was downgraded to 4 billion euros in September after a deal was inked the previous month with the European Union for an injection of at least 2.7 billion euros into the troubled Caixa bank. It exited the bailout in 2014 without the need for further financing, but its economic growth remains weak and a left-wing government which took office last year has reversed some austerity measures, raising market fears over the country finances. The country was rescued in 2011 with a 78 billion euro bailout from the European Union and the IMF, a process that involved steep spending cuts and painful reforms. (news.financializer.com). As reported in the news.

word: Or they used to, according to The Guardian. These days the Scots would rather take on the Auld Enemy in a referendum than a football match. They have played each other more often than anyone else, took part in the first ever international fixture in Glasgow in 1872, and enjoy – if that is the word – one of the most ancient and grudging of rivalries. The sad decline of Scotland as a force in the game has been reflected in an almost complete lack of interest in cross-border skirmishes in recent years, not helped by the fact that the last time Wembley staged a qualification game between the two countries Kevin Keegan England produced a performance of such staggering lifelessness that they managed to get beaten by a Don Hutchison goal even as they limped toward a predictably brief visit to Euro 2000. That is not going to be reopened here; suffice to say that the sooner poppy-wearing is allowed to return to being a private and personal gesture the better. The only reason Friday event has been talked about at all in advance is because it takes place on Armistice Day, giving rise to the annual stupidity of the poppies on shirts debate. (news.financializer.com). As reported in the news.

acquisition strategy: Buffett over the years has not been shy about using the cash spit off from his vast array of holdings to buy companies, such as his most recent acquiree, Precision Castparts, according to Market Watch. Even excluding the $20 billion he has said he likes to keep as a cushion, Buffett has plenty of firepower to deploy. Is Warren Buffett running out of acquisition ideas Buffett Berkshire Hathaway BRK.B, -0.48% closed the third quarter with $84.8 billion in cash, a gain of some $13 billion during the course of 2016. In the quarterly report, Berkshire Hathaway says its long-held acquisition strategy is to acquire businesses at sensible prices that have consistent earning power, good returns on equity and able and honest management. Barron Buzz: For funds, get active Barron senior editor Jack Hough and WSJ Shelby Holliday preview the upcoming issue of Barron's. The question then is which of those metrics is proving most troublesome. (news.financializer.com). As reported in the news.

american companies: But the make no mistake: the outcome will play a big shaping role in how the U.S. performs in the next few years, according to Market Watch. Only problem is, we have little clue one way or another. The economy will take a backseat this week as a bitter 2016 presidential election roars to a final conclusion. The prospect of a Donald Trump victory clearly puts Wall Street more on edge. The businessman leading the Republican ticket has vowed to get tough with foreign countries over trade matters and crack down on American companies moving overseas to escape higher U.S. taxes. Lots of prominent economists, especially those on the liberal spectrum, have warned his policies will trigger a recession. (news.financializer.com). As reported in the news.

court judgment: But on the domestic front, members of her governing center-right Conservative Party and pro-Brexit newspapers were raging about the ruling, fearing it could derail the process, according to The Japan Times. Bob Neill, the chairman of Parliament scrutiny committee on justice affairs, said the attacks were threatening the independence of our judiciary, as he urged May to intervene. May spent Friday trying to assure European leaders that Thursday verdict would not affect her timetable for triggering Article 50, the formal procedure for leaving the European Union. Some of the things which have been said about the court judgment by politicians have been utterly disgraceful, the Conservative told The Times newspaper. You have to respect that even if you think they have got a decision wrong, he said. May and her government must now make clear that the independence of the judiciary is fundamental to our democracy. (news.financializer.com). As reported in the news.

japanese companies: Seko told Galushka at their meeting in Moscow that Japan wants to advance development projects in the region for a successful summit by Prime Minister Shinzo Abe and Russian President Vladimir Putin on Dec. 15 in Yamaguchi Prefecture, according to The Japan Times. The Russian minister emphasized the importance of promoting infrastructure and other projects involving Japanese companies in the area, which is grappling with a falling population and lags in industrial development other than in energy fields. Tokyo is hoping to use bilateral economic cooperation to make progress on a territorial dispute with Moscow over a group of islands seized by the Soviet Union after Japan World War II surrender in August 1945 that remain under Russian control. The Russian ministry for Far East development has requested Tokyo cooperation for 18 projects, including the modernization of Khabarovsk Novy Airport and the improvement of the port of Vostochny coal shipping infrastructure. The ministry has said total investment in the 18 projects, if realized as requested, is estimated at around ¥1.7 trillion . Russia economic development ministry is also seeking Japan cooperation on 50 projects, although some of the requests from the two ministries overlap. (news.financializer.com). As reported in the news.

rote procedure: James Golan, co-manager of the William Blair Large Cap Growth Fund LCGNX, -0.10% , opted for Plan B in a recent note to investors on the William Blair Funds website, according to Market Watch. He made the case that the rote procedure used to determine portfolio holdings, with no regard for valuations or earnings prospects, forces managers of index funds to own bad investments along with good ones. Active managers often use one of two basic arguments: Certain types of assets, such as shares of smaller companies or companies in emerging markets, are sufficiently under-researched on Wall Street that a good active manager, backed up by sound analysts, can beat index returns, or else that the way that passively managed portfolios are constructed leaves them at a disadvantage under certain market conditions. Not only that, he said, but funds that track capitalization-weighted stock indexes must put more money into companies that become more expensive: Certain stocks, such as consumer staples, have become momentum stocks even though their growth prospects aren't very appealing. And consider the result for passive investors. That may work for now, but ultimately there will be a reversal. (news.financializer.com). As reported in the news.

clinton: Gabby Giffords attends a rally for Democratic Presidential nominee Hillary Clinton at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton holds a rally at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton holds a rally at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton holds a rally at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Fort Lauderdale, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Dade City, Fla. on Nov. 1, 2016. - image: Former Miss Universe Alicia Machado introduces Democratic Presidential nominee Hillary Clinton at a rally in Dade City, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Dade City, Fla. on Nov. 1, 2016. - image: Supporters of Democratic Presidential nominee Hillary Clinton attend a rally in Sanford, Fla. on Nov. 1, 2016. - image: Supporters of Democratic Presidential nominee Hillary Clinton attend a rally in Sanford, Fla. on Nov. 1, 2016. - image: Supporters of Republican Presidential nominee Donald Trump greet the motorcade of Democratic Presidential nominee Hillary Clinton outside her rally in Dade City, Fla. on Nov. 1, 2016. - image: Supporters of Republican Presidential nominee Donald Trump greet the motorcade of Democratic Presidential nominee Hillary Clinton outside her rally in Dade City, Fla. on Nov. 1, 2016. - image: Supporters of Republican Presidential nominee Donald Trump greet the motorcade of Democratic Presidential nominee Hillary Clinton outside her rally in Dade City, Fla. on Nov. 1, 2016. - image: Supporters of Democratic Presidential nominee Hillary Clinton attend a rally in Sanford, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Fort Lauderdale, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Sanford, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Fort Lauderdale, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton plane lands near Tampa, Fla. on Nov. 1, 2016. - image: Democratic Presidential nominee Hillary Clinton plane flies over Tampa, Fla. on Nov. 1, 2016. of By Mark Peterson, Rachelle Klapheke, Rebecca Sanchez and Leigh Ann Caldwell share tweet email save Comment be the first to comment comments back to article Embed 11/04/16 05:18 PM—Updated 11/06/16 02:38 PM Rounding into the final stretch of the race for the White House, Hillary Clinton campaign has moved into a four-day blitz on swing states—appearing alongside musician Pharrell Williams and Sen, according to MSNBC. Bernie Sanders in North Carolina on Thursday, and with Jay Z in Ohio on Friday. Bernie Sanders attend a Clinton rally in Raleigh, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton makes a campaign stop with Pharrell Williams on the way to North Carolina Central University on Nov. 3, 2016. - image: A supporters attends a rally for Democratic Presidential nominee Hillary Clinton in Raleigh, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton takes a photo with a supporter and Pharrell Williams on the way to North Carolina Central University on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Greenville, N.C. on Nov. 3, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Las Vegas, Nev. on Nov. 2, 2016. - image: An attendee watches Democratic Presidential nominee Hillary Clinton campaigning in Las Vegas, Nev. on Nov. 2, 2016. - image: An attendee watches Democratic Presidential nominee Hillary Clinton campaigning in Las Vegas, Nev. on Nov. 2, 2016. - image: Attendees watch Democratic Presidential nominee Hillary Clinton campaigning in Las Vegas, Nev. on Nov. 2, 2016. - image: An attendee watches Democratic Presidential nominee Hillary Clinton campaigning in Las Vegas, Nev. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Las Vegas, Nev. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Las Vegas, Nev. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton campaigns in Las Vegas, Nev. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton holds a rally at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Democratic Presidential nominee Hillary Clinton holds a rally at Arizona State University in Tempe, Ariz. on Nov. 2, 2016. - image: Rep. With three different states on the schedule for just Friday, the campaign has unleashed its most popular surrogates—most notably President Barack Obama, first lady Michelle Obama and Vice President Joe Biden—to cover ground the Democratic nominee can't physically cover herself. On Thursday he moved on to Florida, where has been rallying support in Miami and Jacksonville—two cities with the state largest African American communities—and among young voters, in an effort to target a demographic that has been slow to turn up for early voting. President Obama is spending three days on the trail, which began on Wednesday in Chapel Hill, speaking at the University of North Carolina. (news.financializer.com). As reported in the news.

eurozone: Meanwhile, there a growing sense in developed economies that workers have yet to benefit from the recovery or rising globalisation, according to The Guardian. Germany Germany economy has largely outperformed the wider eurozone in recent years. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Its unemployment rate is low and youth unemployment is the lowest in EU. But not everyone feels they are getting the benefits of Germany stand-out performance. That has exacerbated grievances some Germans have long held over the euro, a union they feel benefits poorer countries more than their own. Wage growth has been relatively modest, and anger has intensified recently over meagre returns on savings as the European Central Bank cut key interest rates into negative territory. (news.financializer.com). As reported in the news.

member cabinet: In statements to media, ministers also expressed confidence that the 48-member cabinet will speed up reforms agreed with international creditors under the bailout program to lead the country out of the seven-year debt crisis. "I have the willingness and determination to address difficulties, according to Xinhua China. I think that everything will go well. The focus of the renewed team, which was formed 14 months after the last general election, will be on returning to growth and improving citizens' daily life, Prime Minister Alexis Tsipras tweeted. "We have the opportunity for a new beginning, to gain the necessary impetus to cover the last critical meters of a marathon which will allow us to reach a glade, the glade of growth, which is forecast to be very high for 2017," the Premier said after the swearing-in ceremony. This is my strong belief ," said Panagiotis Kouroumblis, the former Interior Minister who was sworn in as Shipping Minister on Saturday. "The government implements with consistency a program and will continue implementing policies which have been collectively drawn," assured Stergios Pitsiorlas, the former chief of Greece privatization fund who was appointed on Friday night as Deputy Minister of Economy and Development. "It is a sector where Greece can play a leading role. It could become a trade and transit hub, and to achieve this, it must have reliable networks. Greece has a very crucial geographical position. (news.financializer.com). As reported in the news.

month: Sterling rally came despite labour market data from the US, which strengthened Wall Street belief that official borrowing costs in the world biggest economy will be raised before Christmas, according to The Guardian. Currency dealers paid less interest than usual to the 161,000 increase in non-farm employment last month and the 0.4% increase in hourly earnings, focusing instead on the knife-edge battle between Hillary Clinton and Trump for the presidency. The pound respite from its recent heavy falls on the foreign exchanges continued on Friday when it put on a cent against the US currency to trade at $1.2558 – its highest level for four weeks. Pound graph The pound has been rising since the start of the week after evidence of a narrowing of Clinton opinion-poll lead and amid evidence from forward-looking business surveys that the UK economy was set to grow robustly in the fourth quarter of 2016. We're seeing a bit of a relief rally now that the worst-case scenario of a unilateral hard Brexit has been deferred, and markets can start focusing on other factors the US presidential election, said CMC analyst Michael Hewson. Sterling then received a double-boost on Thursday when the high court ruled that the government could not trigger article 50 to leave the EU without the approval of parliament, and the Bank of England announced that it had abandoned plans for a second post-referendum stimulus. (news.financializer.com). As reported in the news.