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

currency dealer: Mnangagwa's campaign slogan was Zimbabwe is open for business but people in the former British colony say conditions have deteriorated since the election, according to The Guardian. Medieval' cholera outbreak exposes huge challenges in Zimbabwe Read more Majory Manjoro, a part-time currency dealer in Harare, said life had become unbearable. The poll, the first after the military takeover that led to the ousting of Robert Mugabe, was won by the ageing autocrat's former righthand man, Emmerson Mnangagwa. Things are getting worse. Although the elections in July did not see the systematic violence of those under Mugabe, alleged irregularities during the count and violent repression following the vote have resulted in only lukewarm support for Mnangagwa and the ruling Zanu-PF party from major international powers. Everything goes up in price . Those in authority need to make sure things get better, Manjoro, 33, said. (news.financializer.com). As reported in the news.

fall: And if you're itching for a soundtrack, Autumn in New York is Billboard's top song of the season, able to magically transport you to a crisp, romantic fall afternoon in Central Park, according to CNN. Hey, it's finally fall, y'all!! It's OK. Now you can get out your pumpkin spice. (news.financializer.com). As reported in the news.

iranian: Before leaving for the United Nations on Sunday, Iranian President Hassan Rouhani accused other countries, including the US, of provoking the attack killed 25 people and wounded 60 on Saturday, according to Nine News Australia. At least 12 of the dead served in the Revolutionary Guard, an elite paramilitary unit - and among the other victims was a four-year-old boy. To improve your experience update it here News World Iran's president blames US after attack on military parade7 11am Sep 24, 2018Facebook Tweet Mail The US ambassador to the United Nations has dismissed Iran's assertion that Washington and its Gulf allies are to blame for a deadly attack at a military parade and says Tehran should look closer to home. An Iranian army member carries away a child from a shooting scene during a military parade marking the 38th anniversary of Iraq's 1980 invasion of Iran, in the southwestern city of Ahvaz, Iran. AAP AP The attack, in which militants disguised as soldiers opened fire on an annual Iranian military parade in Ahvaz, was the deadliest attack in the country in nearly a decade. AP AP Iranian soldiers, women, and children lay down and run during a terror attack that occurred at military parade in the city of Ahvaz, southern Iran. (news.financializer.com). As reported in the news.

observer: Quick guide The Observer Show Hide The Observer is the world's oldest Sunday newspaper, founded in 1791, according to The Guardian. It is published by Guardian News & Media and is editorially independent. It should have been a moment of reckoning for the British economy, a chance to address structural weaknesses so painfully exposed by global crisis a financial sector too big to fail; a corporate sector blighted by short-termism; unsustainable, debt-fuelled growth; gaping wealth and regional inequalities. Was this helpful Thank you for your feedback. Many low-income working families are actually worse off than they were a decade ago. Not only did that moment never come, these weaknesses have been further compounded by almost a decade of austerity and Conservative economic failure. (news.financializer.com). As reported in the news.

people: Following the devastating Grenfell tower fire disaster last year in the UK that killed 72 people, Australian states and territories have begun to act to minimise the risk of a similar tragedy happening locally, according to Nine News Australia. The flammable type of cladding that caused the worst domestic blaze in Britain since World War II - and is now the focus of country-wide investigations - is aluminium composite panelling ACP with a polyethylene core. To improve your experience update it of residents could face unavoidable multi-million-dollar bills for dangerous cladding By Luke Cooper Benjamin Ansell1 39pm Sep 25, of property owners across Australia could soon be faced with unavoidable multi-million-dollar bills - or even prison - if they fail to ensure buildings constructed with flammable cladding materials don't meet new safety regulations. The devastating Grenfell tower fire disaster in the UK in 2017 has spurred Australian states and territories into action to reduce the risk of a similar tragedy. That's because this month, not only did the state Liberal government outlaw multiple flammable cladding types, including ACP, on new and existing buildings of two storeys or higher - requiring owners to register them online and work towards removing the panelling or sufficiently mitigating any risk - but they also moved to ban the material retrospectively. AAP And while each state and territory is approaching the life-threatening issue differently, it is in NSW where unknowing residents could be hit with ginormous bills they have no way of avoiding or face being fined - or even sent to jail. (news.financializer.com). As reported in the news.

toronto way: And everyone's ready to go -Q Hello Doug I quite agree that it is probably past time for The Star to set up a pay wall, according to The Toronto Star. Just wondering though, how many of your blog readers are like me from outside of Toronto way outside for me and are mainly accessing the site to view your blog. And before I do something on the women's game and a couple of Raptors/NBA setup pieces, a load or eight of laundry and clean this joint, here it all is. I currently pay for my local daily paper edition and and also online access to it. I will be interested to see how the pay wall is set up will everything be behind the wall or will there be limited free access. When I head to The Star site, it is to view your blog/articles, although I certainly might view a few other articles that catch my interest. (news.financializer.com). As reported in the news.

voters: Voters could soon be trooping off to polling stations to elect a government for the third time in little more than three years, according to The Guardian. Given the disastrous result the last time the prime minister went down this route, it seems likely that May would only call a general election as a last resort. The Sunday papers are alive with stories that Theresa May is weighing up the possibility of seeking public support for her Brexit strategy. That said, the events of the past week mean that anything could happen. The need to reach outwards is particularly important when your policy proposals are radical and the public mood is cynical, yet it was telling that Andrew Marr spent a lot more time on his BBC TV show questioning Jeremy Corbyn about racism than he did about what a Labour government would do in office. Labour is aware of that and will now be kicking itself that it spent the summer embroiled in an internal row about antisemitism rather than devoting all its attention to formulating policies and selling them to the public. (news.financializer.com). As reported in the news.

holbein: He adds that Cromwell put up with it, whereas Thomas More's image took Holbein quite a lot of adjustment to get right . The two are now locked in a duel in the Frick collection in New York, according to The Guardian. So this is far from being a buttoned-up biography of Henry VIII's chief minister. It should be Crummle . This matters more now that Cromwell is a household name, or, as Hilary Mantel has put it, an industry . There have been several biographies of him recently, but this is the one, according to the Booker-winner, we have been awaiting for 400 years . The admiration is mutual Mantel appears in Mac Culloch's introductory material as well as the main text, where he refers to a scene in her novel Wolf Hall in which Cromwell's glowering portrait is unveiled. MacCulloch is a stylish and playful writer who knows his readership and keeps his more scholarly conversations Frankly, that seems a naive reading of events to the back of the book. Anyone looking for the true story of Wolf Hall will be challenged, but also mightily rewarded. It is, at the same time, seriously heavyweight, both in terms of size more than 700 pages and archival heft. (news.financializer.com). As reported in the news.

davison: Only males being allowed at Chiswick, it was never contemplated that a female might claim the scholarship, he had ruled The society discovered the story while sifting through its archives and is trying to discover more about her fate, according to The Guardian. Did she carry on fighting did she carry on into horticulture and make a living that way ' Fiona Davison, from the RHS archives, told the BBC. I'm really curious to know what happened to Miss Harrison This weekend the unsung voices of other groundbreaking women are being heard for the first time at London's Leadenhall market the result of painstaking research. The greenfingered Miss Harrison won a chance to train at the society in Chiswick by gaining top marks in its annual exam, but was blocked by its head, the Rev William Wilks. The words of Mary Frith Moll Cutpurse the 17th-century pickpocket, and Hester Pinney, an 18th-century businesswoman, will be brought together today for an audio performance called City of Women. Writer Veronica Horwell, whose work forms the basis of the show, followed a chain of footnote references to find, among others, the lost story of Valerie Thompson. Alongside will be the thoughts of forgotten suffragettes, abused servants and fearless financiers. (news.financializer.com). As reported in the news.

kervin bibito: From left, Prince Owusu, 20, Jermaine Edwards, 21, and Kervin Bibito, 19, are all charged with 13 counts of robbery with a firearm, according to The Toronto Star. Toronto police service Toronto police spokesperson Gary Long said no one was believed to be injured in any of the robberies. Between Aug. 26 to Sept. 15, Toronto police responded to 13 separate incidents involving taxi drivers from various companies, who each alleged they were robbed at gunpoint. In most of the incidents, the taxi drivers were called to pick up fares at residences and schools in the northwest area of the city. The suspects used different names in each call. The callers then threatened the drivers at gunpoint, stealing cash, debit and credit cards, cellphones, identification and other personal items, police said in a news release on Saturday. (news.financializer.com). As reported in the news.

affair: That's why they decided to pack up their stuff, put it in storage and house-sit for a year across Melbourne, according to Nine News Australia. We thought we could move in with the family but then we'd have to live with the family, Ms Quattrocelli told A Current Affair. To improve your experience update it here News National First home buyers striking as house prices fall By Emily Gayton7 39pm Sep 21, calculating it was going to take years to have enough for a first home deposit, young couple Laura Quattrocelli and her partner Sean Callanan realised they would have to think outside the box if they were ever going to realise their dream. Sean Callanan and Laura Quattrocelli are among the young first-home buyers taking advantage of falling prices. Very quickly, they had a full calendar of house-sitting jobs for the year and managed to avoid paying rent and any household expenses for 12 months. A Current Affair Then we thought, why don't we try and house-sit and it just came up that way. (news.financializer.com). As reported in the news.

david: More episodes and clips48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr, according to Bloomberg. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg See all shows Source Bloomberg RELATED ARTICLESZimbabwe Currency Reforms May Take Five Years, Mangudya Says More From Bloomberg Markets01 10Alger CEO Sees 'Quite a Bit of Room Left to Run' in U.S. Markets06 44Glenn Hubbard on U.S. Deficit, Tariffs and Fed Policy02 00Why JPMorgan Is Downgrading Homebuilder Stocks05 28How Farfetch's CEO Plans to Capture the Growth in Online Luxury All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At ItThe 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.

april: And he is reportedly trying to influence the Treasury Department's deliberations, according to The Guardian. What has changed since the last report in April That document, like similar reports written during the previous two administrations, did not find China guilty of manipulation. For his part, President Donald Trump is already accusing China of doing so, as he did throughout the 2016 election campaign. In fact, the last time the Treasury Department declared China or anyone else a manipulator was in 1994. It has not been persistently intervening in foreign-exchange markets at least not to push down its currency and it is not running an overall current-account surplus greater than or equal to 3% of GDP its surplus in 2017 was 1.3% . Q&A What is the China-US trade war about Show Hide China and the US officially launched a trade war on 6 July. The reason for this is simple China does not meet the three criteria that Congress has set for determining currency manipulation. (news.financializer.com). As reported in the news.

bn: In the UK, Deliveroo and Uber Eats were set to face increased competition from Just Eat, the takeaway ordering app which has announced plans to launch its own delivery fleet, according to The Guardian. With millennials three times more likely to order in than their parents, there has been a scramble to control a market that is expected to be worth 279bn by 2030, up from 27bn today, according to analysts at the broker UBS. More than half of takeaways are now ordered online in the UK and that share of the market has been increasing by about 5% a year. Uber has said it wants to build scale in the takeaway delivery market as its Uber Eats service battles heavy competition in the US from Grubhub. Uber Eats couriers' pay protest brings traffic to a halt in central London Read more Bloomberg reported that the takeover talks, which are said to be at an early stage, might be hindered by Deliveroo mulling whether to retain its independence and push ahead with a potential 1.5bn stock market flotation in the next 18 months. Shu is thought to have a stake of at least 9% in Deliveroo and he and his fellow shareholders could be offered more cash than they could raise on the stock market. However, Richard Clarke, an analyst at the stockbroker Bernstein, said Uber could potentially offer Shu a more lucrative alternative. (news.financializer.com). As reported in the news.

dreamstime: San Francisco-based Eventbrite was co-founded in 2006 and has bought seven companies, including Ticketfly, since 2015, as part of its global growth ambitions, according to The Toronto Star. Keith Clack/Dreamstime Eventbrite's IPO raised 230 million in proceeds after it priced at the high-end of its range between 21 a share and 23 a share. The shares recently traded at 36.95 U.S. up 61% from the stock's initial public offering price. That range was raised earlier this week from its prior target between 19 and 21 each. According to Dealogic, IPO activity on U.S. exchanges is at its highest level since 2014. The stock-price bump pegged Eventbrite's valuation near 3.5 billion on a fully diluted basis.A flurry of companies are pursuing IPOs this year. (news.financializer.com). As reported in the news.

funds cole: Ontario finance minister Vic Fedeli has said his government does not support a proposed ban on deferred sales charges on mutual funds, according to The Toronto Star. COLE BURSTON / THE CANADIAN PRESS After six years of consultations, we felt the industry had just whittled away reforms; there were crumbs left on the table, said Morris, of the advocacy organization formerly known as the Canadian Association of Retired Persons. Wanda Morris of CARP said the move puts the Ford government on the side of big mutual fund companies and already very well-to-do financial advisors instead of average investors. Now the Ontario government is looking at sweeping those away as well. Article Continued Below Deferred sales charges are fees customers pay unless they hold on to a mutual fund for a certain length of time, typically five to seven years. A ban on upfront commissions and deferred sales charges on mutual funds was proposed by the Canadian Securities Administrators Sept. 13, with the agreement of all provincial regulators including the Ontario Securities Commission. (news.financializer.com). As reported in the news.

show markets: Source Bloomberg RELATED ARTICLESTilray's After-Hours Plunge Erases Much of This Week's Rally Marijuana Stock Trading Is Dominated by Dudes and Millennials More From Bloomberg Markets The Open45 56'Bloomberg Markets The Open' Full Show Markets The Open' Full Show 09/20/2018 02 12What to Watch for in Amazon's New Product Event45 53'Bloomberg Markets The Open' Full Show 09/19/2018 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, according to Bloomberg. More episodes and clips01 10Alger CEO Sees 'Quite a Bit of Room Left to Run' in U.S. Markets06 44Glenn Hubbard on U.S. Deficit, Tariffs and Fed Policy02 00Why JPMorgan Is Downgrading Homebuilder Stocks05 28How Farfetch's CEO Plans to Capture the Growth in Online the world with Bloomberg News More episodes and clips03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At ItThe 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. Bloomberg's Romaine Bostick, Luke Kawa, and Joe Weisenthal examine the market moves on Bloomberg Markets The Open. More episodes and clips48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg See all shows (news.financializer.com). As reported in the news.

limits: Quang's rise, at a time of growing dissent on social media and challenges to the party's authority, signalled limits to Vietnam's liberal agenda, despite a growing openness to social change and sweeping economic reform, experts say, according to Nine News Australia. Quang, 61, died in a military hospital in Hanoi of a serious illness despite efforts by domestic and international doctors and professors, Vietnam Television said. To improve your experience update it here News World Vietnam's President Quang dead at 616 38pm Sep 21, President Tran Dai Quang, a former chief of internal security who became one of the most high-profile leaders in the communist-ruled country, has died after an illness, state media reports say. He had hosted a reception for China's Supreme Court chief on Wednesday, state-owned newspaper Vietnam News said. He began showing symptoms of illness in June last year and has been treated in Japan six times since, Trieu told Reuters. Quang had been ill for months, said former health minister Nguyen Quoc Trieu, who now oversees healthcare for high-ranking officials. (news.financializer.com). As reported in the news.

brex: Brex says it doesn't require the founders of its startup clients to be personally liable for their company's card and it offers higher credit limits, according to The Toronto Star. Dreamstime Brex and DST Global representatives didn't respond to a request for comment. Greenoaks Capital also is considering an investment, two of the people said. A Greenoaks representative declined to comment. Brex's co-founders the young Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi previously raised 57 million for the startup. The deal speaks to the heated venture-investing market where some startups are gunning for and sometimes receiving billion-dollar valuations soon after launching. (news.financializer.com). As reported in the news.

sun channels: The ambush at the end of the summit in Austria has resulted in hard Brexit Conservatives demanding the plan be abandoned, according to The Guardian. Allie May humiliated as European leaders tell her your Brexit plan won't work bbcpapers tomorrowspaperstoday 20, 2018 The Sun channels the voices of those hard Brexiters in a front-page editorial in which the French president and Tusk are mocked up as Prohibition-era gangsters carrying tommy guns, under the headline EU Dirty Rats Euro mobsters ambush May. The Guardian reports that the prime minister was left fighting to save the proposals just over a week before the Conservative party conference when EU leaders led by Donald Tusk and Emmanuel Macron rejected her Chequers plan as it stood. We can't wait to shake ourselves free from the the two-bit mobsters who run the European Union, says the tabloid. Euro mobsters ambush May - https //t.co/ecytbmM4Mr By The Sun frontpagestoday UK The Sun 21, 2018 Also from the strongly pro-Brexit camp, the Daily Mail paints the prime minister in a more assertive light than other titles and reports that a furious May warned that she was ready to walk away from the EU without a deal after what the newspaper described as a calculated Brussels snub . The prime minister was visibly furious as she rounded on others for hanging her out to dry . Allie Daily Furious May We're Ready To Walk Away bbcpapers tomorrowspaperstoday 20, 2018 The Daily Mirror's splash makes maximum use of one of the best photos from the summit taken by Reuters photographer Lisi Niesner in which an isolated-looking May glances back as a phalanx of besuited male EU leaders appear to walk by. Front Pages Today ukpapers EU Dirty Rats. (news.financializer.com). As reported in the news.

ticket: Facebook Tweet Mail The winner of a multi-million dollar Oz Lotto jackpot has finally come forward to collect their prize, according to Nine News Australia. It isn't known why the anonymous winner chose to wait 10 days before handing the ticket in, or if they even knew they had won, but the Sydney newsagent that sold the ticket said he was relieved the winner finally turned up. To improve your experience update it here News National 30 million lotto winner finally comes forward5 46pm Sep 21, 2018The winner of last week's Oz Lotto prize has finally come forward. I was getting worried they had lost the ticket or thrown it away so I am so relieved to hear they have been united with their prize, David Zhou, the owner of Pacific Square News in Maroubra said. He did say he hopes it is one of his regular customers and that they will enjoy living the multi-millionaire lifestyle. It has been busy in store over the ten days with people checking their tickets and everyone kept asking me and asking me Have you found the winner '. While the winning ticket was purchased at the Anzac Parade store, it wasn't checked there so Mr Zhou doesn't know who the winner is. (news.financializer.com). As reported in the news.

access point: The Bank of Montreal's Darryl White left and United Way Greater Toronto's Daniele Zanotti on the roof-top garden area at Access Point, on Sept. 20, 2018, according to The Toronto Star. BMO and United Way on Thursday announced a 10-million donation and corporate leadership table for neighbourhood economic development. The 10-million donation is the largest corporate commitment ever for the United Way Greater Toronto. Andrew Francis Wallace / Toronto Star The two organizations on Thursday convened a table of business leaders that includes representatives from across the private sector, and John Honderich, chair of the Torstar board, to look for solutions to this inequality. With middle-income neighbourhoods disappearing, increasingly postal code determines success, he said. While Toronto used to be known as the city of neighbourhoods, growing income inequality means some people are stubbornly stuck in islands without economic opportunities, said Daniele Zanotti, president and CEO of the United Way Greater Toronto. (news.financializer.com). As reported in the news.

business basics: Annie Flannagan had two young children when she decided to embark on a business venture after identifying a gap in the market, according to Nine News Australia. Better Business Basics is a mobile, cloud based book keeping service and has now grown substantially. To improve your experience update it here News National Adelaide mums on their backyard businesses By Jessica Stanley Reporter9 03pm Sep 20, work and family life can be a challenge, but three Adelaide mums have managed to strike the right balance, turning backyard businesses into big money makers. Annie Flannagan is raising two young kids while running her own book keeping service. 9news I think there is something empowering about building your own future, Ms Flannagantold 9NEWS. I think one of the proudest moments for me is the role model I am for my children, she said. I just couldn't afford to maintain that so I started playing around at home in the kitchen, she said. For Edwina Pearce, the cost of natural treatments for her child's skin irritation inspired her to experiment with her own remedies. (news.financializer.com). As reported in the news.

oecd: Trade is a central source of risk in the OECD's analysis, according to The Toronto Star. Qilai Shen / Bloomberg file photo Since its last economic forecasts in May, the OECD said differences between economies have widened, confidence has fallen, and business surveys across the world point to a slowdown. The gloomy analysis has pushed the Paris-based institution to cut its global growth forecasts for this year and next with particularly sharp revisions for Turkey, Argentina, South Africa and Brazil. Read more OECD predicts Canada's economic growth to be best in G7 Article Continued Below Canada's economic growth rate expected to slow next year, says OECDOECD cuts Canada's economic growth forecast as global economy slows Global growth is hitting a plateau, its chief economist, Laurence Boone, said in an interview with Bloomberg Television. Tariffs and policy changes have already buffeted flows and prices in some areas, and affected sentiment and investment plans. Trade is a central source of risk in the OECD's analysis. (news.financializer.com). As reported in the news.

helmets: John Rose is a self-made man who made his millions from the iconic Rosebank Stackhat safety helmets, according to Nine News Australia. He sold his business for millions in 1993. To improve your experience update it here News National Won't stop hunting you' Best friends' epic multi-million-dollar fallout By A Current Affair8 05pm Sep 20, 2018Facebook Tweet Mail Two former best friends who fell out after a business failure are going head to head again as one tries to stop the other's bid to build a pub. Tim Rice and John Rose have gone from friends to enemies after a business failure. Mr Rose told A Current Affair they quickly became like brothers . He said Mr Rice asked him to invest in a property venture on the Gold Coast. A Current Affair A few years later he met Tim Rice, who lived in the same suburb in Melbourne's south-east. (news.financializer.com). As reported in the news.

picture: But that picture is out of date, according to The Guardian. Women are investing more and more and they're choosing companies that have a positive impact on the planet, as well as their portfolios. It's about bravado and making the big bucks. Olivia Sibony is head of impact crowdfunding at Seedtribe an investment platform that links socially minded investors with businesses that do good recent examples include a tool to help small- and medium-sized enterprises give to charity, and a plastic recycling plant . Crucially, the minimum investment is 100, a figure low enough, Sibony hopes, to appeal to people who wouldn't traditionally invest, particularly millennials and women. You no longer need to have a spare 10,000 or 20,000 to become an investor, you can make a difference with a few hundred pounds, and also make a return. They are much more socially conscious and aware and they want to create change, she says. (news.financializer.com). As reported in the news.