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

american commitment: Phil Kerpen is president of American Commitment, a conservative nonprofit backed by the Koch donor network, according to CNN. The opinions expressed in this commentary are theirs. He was a senior economic adviser to the Trump campaign. View more opinion articles on CNN. (news.financializer.com). As reported in the news.

canadian firm: The agreement will make it the fuel cell firm's largest shareholder, according to The Toronto Star. Ballard CEO Randy Mac Ewen shakes hands with Weichai Power Chairman and CEO Tan Xuguang. Weichai Power has signed a deal to acquire a 19.9 per cent stake in Ballard for 163 million and establish a joint venture in China with the Canadian firm. The deal helped boost Ballard shares up more than 15 per cent. Ltd. Twitter/Ballard Pwr Another 20 million will come from current Ballard investor and Chinese partner, Zhongshan Broad-Ocean Motor Co. (news.financializer.com). As reported in the news.

coffee: More episodes and clips02 30Coca-Cola Digs Into Coffee With 5.1 Billion Costa Purchase10 10ECB's Rehn on U.S. Trade Rhetoric, Rates Guidance, Draghi Succession23 34Credit Suisse's Thiam on China Strategy, Wealth Management, Trade Tensions14 50Have to Make Sure Any Deal Is in Canada's Interest, Says Trade Minister Carr Quick Take Explaining the world with Bloomberg News More episodes and clips02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms02 40The Hidden Dangers of Home DNA Tests The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson24 01The David Rubenstein Show Steve Ballmer See all shows In this week's There's an ETF for That Bloomberg's Scarlet Fu explains the ins and outs of MJ. Source Bloomberg RELATED ARTICLESAmerican Investors Pile Into Marijuana ETF More From Bloomberg ETF IQ06 17Jim Rogers Says the Next Bear Market Will Be the Worst of His Lifetime03 56Stadion's McGough Says the Fee Wars in ETFs Are Reality Check as Turkey, Argentina Falter22 36'Bloomberg ETF-IQ' Full Show 8/29/2018 All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. (news.financializer.com). As reported in the news.

cooley auctions: Spring is the peak selling season for the Sydney market, and while more properties will be up for sale there are also fewer buyers - meaning less competition, according to Nine News Australia. There's actually never been a better chance of securing your dream home at the right price, Damien Cooley from Cooley Auctions told 9NEWS. Sydney's property market is set to boom this Spring with a flurry of new homes listed but fewer buyers. 9NEWS Owner's expectations are actually reducing. To improve your experience update it here News National Sydney property market to boom in spring amid new listings and fewer buyers7 11pm Aug 29, property market is set to boom this Spring as a flurry of new properties brings fresh opportunities for first home buyers to purchase their dream house. In Spring 2016, the average clearance rate was 78 percent, with an average of 4.7 bidders per property. The trend is set to be a win for first home buyers who may be able to capitalise on the limited competition. 9NEWS There are some suburbs, however, that have bucked the trend. That figure fell to 60 percent and 2.9 bidders last Spring, and this Winter alone it's slipped even further to 50 percent and 2.4 bidders. (news.financializer.com). As reported in the news.

david: More episodes and clips24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson24 01The David Rubenstein Show Steve Ballmer See all shows, according to Bloomberg. Source Bloomberg react-empty 330 More From Bloomberg Markets02 30Coca-Cola Digs Into Coffee With 5.1 Billion Costa Purchase4 hours ago10 10ECB's Rehn on U.S. Trade Rhetoric, Rates Guidance, Draghi Succession4 hours ago23 34Credit Suisse's Thiam on China Strategy, Wealth Management, Trade Tensions6 hours ago14 50Have to Make Sure Any Deal Is in Canada's Interest, Says Trade Minister Carr6 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms02 40The Hidden Dangers of Home DNA Tests The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. (news.financializer.com). As reported in the news.

js: In a series of tweets following the decree, he cited the terrible living conditions endured by Venezuelans as reason for the migrant crisis and Brazil's reaction. var id function make Embed Script d, id var js,fjs;js id;js.charset '' ;fjs fjs ;js.src id ;Acabei de decretar o emprego das For as Armadas para a Garantia da Lei e da Ordem, no estado de Roraima, according to CNN. Para oferecer seguran a aos cidad os brasileiros e aos imigrantes venezuelanos que fogem de seu pa s em busca de ref gio no Brasil. Brazilian President Michel Temer signed a decree Tuesday to deploy the armed forces to the state of Roraima, making the announcement during a speech from Planalto Presidential Palace. Michel Temer Michel Temer August 28, 2018 The migratory wave in Roraima is the result of the terrible living conditions to which the Venezuelan people have been subjected, Temer said during the speech. Read More In a followup tweet he added that the Brazilian government has been offering medical and humanitarian assistance to the migrants, including building shelters. This is precisely what has led to this tragic situation, that currently affects almost all of South America. (news.financializer.com). As reported in the news.

exchange office: A man stands outside an exchange office in Buenos Aires, Argentina, Wednesday, Aug. 29, according to The Toronto Star. The Argentine currency fell again Wednesday to an all-time low of 34,5 pesos for every U.S. dollar. Macri said in a televised address that Argentina has agreed with the IMF to advance all necessary funds to guarantee compliance with next year's financial program. President Mauricio Macri has asked the International Monetary fund for an early release of funds from a 50 billion U.S. deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019. He said the decision seeks to dispel any uncertainty, but he did not specify the amount or when the funds will be released. Natacha Pisarenko / The Associated Press Macri said that in the past week there have been expressions of a lack of trust in the markets about Argentina. (news.financializer.com). As reported in the news.

interest rates: Many believed the economy recovered only because of government spending on the second world war and many feared that with the end of the war, the economy would return to its doldrums, according to The Guardian. Something, it was believed, had happened, such that even with low or zero interest rates, the economy would languish. Economies had always recovered from downturns, but the Great Depression had lasted an unprecedented length of time. For reasons now well understood, these dire predictions fortunately turned out to be wrong. So, as the economy languished, the idea was revived. US will lack fiscal space to respond when next recession comes Read more Those responsible for managing the 2008 recovery - the same individuals bearing culpability for the under-regulation of the economy in its pre-crisis days, to whom President Barack Obama inexplicably turned to fix what they had helped break - found the idea of secular stagnation attractive, because it explained their failures to achieve a quick, robust recovery. (news.financializer.com). As reported in the news.

london workshop: Aston Martin, which was founded in a small London workshop in 1913 and has expanded to become one of the world's biggest sports car brands, has been debating whether to float its shares in London or New York, according to The Guardian. Aston Martin Valkyrie preview A car to bring on a fit of the vapours' Martin Love Read more Aston Martin aims to publish a prospectus including full details of the share sale on 20 September. The luxury carmaker announced plans to sell about 1bn worth of shares in the initial public offering IPO which chief executive Andy Palmer described as a key milestone in the company's history. Eligible employees and customers of the carmaker will be able to apply to buy shares at the offer price. Palmer has said that Brexit is not a huge concern for the company as it sells relatively few cars into continental Europe and is also used to dealing with tariffs in most of its export markets. The flotation will be a big test of the appetite of investors to back British companies, as very few large IPOs are expected before the UK is scheduled to leave the European Union in March 2019. (news.financializer.com). As reported in the news.

marlena: Bert Hibbert was accompanying his mate Marlena Katene, who has cerebral palsy and uses a wheelchair, according to Nine News Australia. They each paid 254 for the VIP experience, near the front of the stage. To improve your experience update it user forced to sit at back after paying top dollar for Pink concert ticket By Petrina Zaphir Reporter5 35pm Aug 29, 2018Facebook Tweet MailA Burleigh Waters man thrown out of a Pink concert in Sydney on Saturday night says he was just standing up for the rights of his disabled friend. Bert Hibbert left and Marlena Katene speak with reporter Petrina Zaphir. 9NEWS But before the concert things turned ugly when security confronted them and said no wheelchairs are allowed on the floor . They used bullying tactics, intimidation and the police were called, Mr Hibbert said. Mr Hibbert challenged the officers to show him the written policy stating wheelchairs were not allowed in the General Admission Standing area. We weren't after any favours, we didn't want any preferential treatment, we just wanted the experience we'd paid for. (news.financializer.com). As reported in the news.

life: But the people nearby shouted stop, he recalls, according to CNN. Now, more than half a century after that dramatic first and only encounter with a US Navy pilot, Lua laments Sen. With a knife in my hand, I intended to stab him. McCain's passing. I always wanted to meet him again since this was such a milestone in my life. I am very sad, Lua says of his former enemy's death. (news.financializer.com). As reported in the news.

treasury secretary: Trump announces US-Mexico trade deal, setting stage for Nafta overhaul Read more The US treasury secretary, Steven Mnuchin, said he was optimistic that Canada will join Mexico in signing up to the proposed restructuring of the 25-year-old North American Free Trade Agreement Nafta trilateral trade pact, according to The Guardian. I think our objective is to try to get Canada on board quickly, he said, speaking to CNBC on Tuesday. Global stocks reacted positively to the breakthrough, with investors expressing optimism the deal could signal a change in the Trump administration's provocative stanceon global trade. The Trump-Mexico deal announcement had pushed the S&P 500 and Nasdaq indexes to fresh records on Monday, and on Tuesday, Europe and Asia followed Wall Street's lead, inching to multi-month highs. Asian shares joined the rally on Wednesday with markets in Tokyo, Seoul, Hong Kong and Sydney all in positive territory. The FTSE 100 closed up about 40 points, or 0.5%, on Tuesday, while trading on Wall Street nosed the S&P 500 and the Nasdaq up to close at record closing highs for the third consecutive session. (news.financializer.com). As reported in the news.

aqua-fitness class: She lives alone in her rented Toronto condo near High Park, takes long walks, rides the TTC and attends an aqua-fitness class twice a week, according to The Toronto Star. Elizabeth Mary Mahoney said that at her bank branch, she was stressed out and worried about her grandson's situation, and trying to get out the money in a hurry. Knee replacements haven't slowed her down. Richard Lautens / Toronto Star Short-term memory can sometimes play tricks, but she participates in a book club, regularly goes to the theatre in Stratford and is involved in fighting the expansion of a nearby condo highrise. She worked for years as the librarian for a Sarnia chemical company, after earning a bachelor degree in chemistry and a master's in library sciences. Recently, to the consternation of her four children, she used various modes of public transit to visit friends in Guelph, where she spent the early part of her retirement. (news.financializer.com). As reported in the news.

borrowings: The figures for borrowings are from banks or other significant lenders, not for all creditors, according to The Guardian. The separate categories of turnover are listed according to the wording in individual club's accounts and may be rounded up or down, so added together they do not always tally with the total turnover figure. All details from the most recently published annual reports at Companies House. Bath Bath Ownership The accounts state that the ultimate controlling owner is the sole shareholder, Bruce Craig. Premiership rugby clubs vow to join forces to tackle losses Read more The state they're in When Bruce Craig bought Bath in 2010, he said he did not see a sports club as a profit-making organisation and that he was there to enjoy the rugby. Accounts Bath Rugby Ltd for year to 30 June 2017. (news.financializer.com). As reported in the news.

interest rates: At the same time, recent weakness in the pound amid the growing chance of a no-deal Brexit is poised to push up the rate of inflation, triggering a renewed squeeze on living standards, according to The Guardian. Despite some pockets of strength for the economy, there are growing signs of weakness after the Bank of England raised interest rates above the emergency level set since the financial crisis. Pay growth in Britain has dropped to its weakest in almost a year despite the unemployment rate hitting a 43-year low. Ushering in a new era of higher borrowing costs for consumers and businesses, the move comes as ministers prepare the public for Britain crashing-out of the EU without a deal with Brussels. Though GDP growth picked up in the second quarter of this year, it would be premature to conclude that the Brexit-induced slowdown in the UK economy is coming to an end, he said. Writing in the Guardian, Andrew Sentance, a former member of the Bank's rate-setting monetary policy committee, said heightened talk of a no-deal Brexit would hold back business investment, while arguing higher inflation would limit the spending power of consumers. (news.financializer.com). As reported in the news.

outage: The outage, which affected trading and stock exchange releases, began just after 11.19 local time on Tuesday, and remained unresolved throughout the afternoon, according to Nine News Australia. An internal operational issue had initially caused trading to halt, which had been resolved, but a secondary issue had arisen and caused further delay, NZX Chief Financial Officer Graham Law said via email. To improve your experience update it here News WorldNZ share trading outage resolved6 00pm Aug 28, that forced the New Zealand stock exchange NZX to halt trading have been resolved, the market operator says. He said the issues were not related to a technical problem with the NASDAQ trading system used by NZX, but did not elaborate. Trading will resume as normal on Wednesday, the NZX said. The exchange has been in regular contact with market participants throughout the period, Law said. (news.financializer.com). As reported in the news.

son: His son Bryce was a popular young man with the world at his feet, according to Nine News Australia. But the 17-year-old never got a chance to fulfill his potential. To improve your experience update it here News National Grieving dad's million-dollar mission to stop kids dying on roads By Tanya Weingarth Producer8 15pm Aug 28, Rob Wells lost his son in a horrific car crash 12 years ago, the grieving father made it his mission to do all he could to stop young people being killed on our roads. Instead, his life was cut short alongside those of three of his best mates when the car they were travelling in slammed into a tree at Byron Bay. A Current Affair It was October 22, 2006, and the teenagers were returning home to Lismore after a spontaneous trip to Byron Bay when the speeding 17-year-old P-plate driver, lost control of the vehicle. Rob Wells was spurred by the death of his teenage son Bryce to make the roads safer for young drivers. (news.financializer.com). As reported in the news.

statement: The new leader will leave later this week and is expected to discuss the conclusion of free trade talks with President Joko Widodo, according to Nine News Australia. By making my first overseas visit as prime minister to Indonesia, I want to make a clear statement about the importance of our relationship, Mr Morrison said in a statement on Tuesday. To improve your experience update it first trip will be to Indonesia5 52pm Aug 28, Minister Scott Morrison's first overseas visit will be to Jakarta to stress the importance of Australia's relationship with Indonesia. And the commitment of my government to deepening our economic and security co-operation. Our close collaboration across economic, security and strategic domains makes both countries stronger, safer and more prosperous, he said. Mr Morrison said Australia and Indonesia share geography, deep historical ties, a vibrant contemporary relationship and a vision of a peaceful and prosperous region. (news.financializer.com). As reported in the news.

plan: It takes time, and a plan, to begin withdrawing funds from an RESP set up to pay for post-secondary education, according to The Toronto Star. Dreamstime Nicole Ewing, a vice-president of tax and estate planning at TD Wealth, says sooner is better than later to meet with your adviser to start developing that plan. But when the time comes to start withdrawing money from RESP accounts to pay for tuition, books and other costs of a post-secondary education, financial advisers say you need a plan for that, too. Depending on how the funds have been invested, there might be some time required to convert those investments to cash, she says. To start withdrawing the cash, the student needs to provide proof of enrolment in a post-secondary program or institution. The money in an RESP account is controlled by the person who set up the account, not the student. (news.financializer.com). As reported in the news.

automobile stocks: Automobile stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by US President Donald Trump's repeated threats to ditch the 1994 accord, according to Nine News Australia. Trump threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbours and warned he expected concessions on Canada's dairy protections. To improve your experience update it here News WorldUS, Mexico reach NAFTA deal9 30am Aug 28, 2018Facebook Tweet Mail The US and Mexico have agreed to overhaul the North American Free Trade Agreement NAFTA putting pressure on Canada to agree to new terms on vehicle trade and dispute settlement rules to remain part of the three-nation pact. I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. It could end in one day and we take in a lot of money the following day, Trump said. It's a tremendous amount of money and it's a very simple negotiation. (news.financializer.com). As reported in the news.

cash prizes: Another mass shooting was unfolding in Florida, this time at a tournament for competitive players of the football video game, Madden, in Jacksonville, according to CNN. The winners would go on to a higher level tournament in Las Vegas in October, where large cash prizes could be won. He ducked and bolted for a restroom to take cover. Participants had gathered at the Jacksonville Landing Complex, an open-air marketplace with stores, bars and restaurants along the St. David Katz, a 24-year-old gamer from Baltimore, Maryland, was in Jacksonville for the tournament at GLHF Game Bar, in the back of a pizza restaurant. Johns River. (news.financializer.com). As reported in the news.

gaming: Streaming services and live events have turned casual gamers into serious stars who can sometimes rake in seven-figure earnings and massive brand endorsements, according to CNN. In reality, the world of competitive video gaming is a fast-growing international phenomenon with millions of fans and billions of dollars up for grabs. (news.financializer.com). As reported in the news.

markets: A stronger-than-expected German business sentiment survey added to the upbeat mood in Europe, with stock markets in Paris and Frankfurt up 0.4 per cent each, according to Nine News Australia. British markets were closed for a public holiday. To improve your experience update it here News World World stocks at highest in over two weeks8 55pm Aug 27, stock markets have risen to their highest level in more than two weeks as reassuring comments from the US Federal Reserve chief, an easing in trade war jitters and a bid by China's central bank to stabilise the yuan lifted risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1 per cent and Japan's blue-chip Nikkei closed at a 10-week high. Comments from Fed chief Jerome Powell at the Jackson Hole symposium on Friday affirming that the US central bank was sticking with its strategy of gradual rate hikes to protect economic growth sparked a rally in stocks that gathered pace as a new week swung into gear. That left the MSCI All-Country World index, which tracks shares in 47 countries, at its highest level since August 9. (news.financializer.com). As reported in the news.

matt: Business ultimately needs to be seen as a vocation, an activity with high ethical standards which in turn conveys certain responsibilities, according to The Toronto Star. Matt Dunham/Press Pool file photo Could that make business, as Trump suggests, even better The president tweeted that he has asked the U.S. Securities and Exchange Commission to study the issue, and then attended to more pressing matters related to crystal balling a stock market crash should he face impeachment. It's necessary to rebuild social capital in order to make markets work, he said in a speech four years ago. But let's hold the first thought. The public trust was shot and remains badly frayed. In the wake of the 2008 financial crisis the urgency to fix capitalism focused first on the regulatory reform needed to realign a gamed system. (news.financializer.com). As reported in the news.

shinzo: The scandal highlights broader problems facing Prime Minister Shinzo Abe's efforts to revive the economy, according to The Toronto Star. From stubborn gender roles to a hard-driving work culture to the ballooning health care needs of a rapidly aging society, many of Japan's most intractable woes were put on display at Tokyo Medical University. Yet in Japan, few expect anything to change any time soon. Tokyo Medical University acknowledged earlier this month it had manipulated test scores to ensure women remain a minority of its student body because it was concerned brutal work hours might prompt them to leave the workforce. Government data show they have a point Fewer than three-quarters of female doctors are working 12 years after qualifying as physicians, compared with almost 90 per cent of men. Ayaka Aizawa / The Associated Press file photo The university acknowledged earlier this month it had manipulated test scores to ensure women remain a minority of its student body because it was concerned brutal work hours might prompt them to leave the workforce. (news.financializer.com). As reported in the news.

bus: All share a dogged determination to escape, according to The Guardian. Food became so expensive that for months we weren't able to eat three meals a day, says Harry Flores, 41, who has been queuing for nine days with his family in the hope of boarding a bus to Peru. Some carry their earthly possessions in suitcases or backpacks, others plastic bags containing water and snacks for the long journey ahead. When he does secure those seats, Flores, an unemployed computer engineer who sold his car to bankroll the trip, will join a historic exodus from what was once one of South America's wealthiest and most stable societies. That would mean some 4.3 million people 14% of Venezuela's population had taken flight. The UN estimates that 2.3 million Venezuelans have fled since 2015 with Colombian authorities predicting 2 million more could follow by 2020. (news.financializer.com). As reported in the news.