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

brampton fall: A Brampton Fall Fair coupon is stapled to campaign literature belonging to Caledon councillor Johanna Downey, according to The Toronto Star. Election rival Kevin Corrigan has filed a complaint. Ten candidates running for election in Caledon and Peel Regional Council signed a letter alleging that incumbent councillor Johanna Downey broke Ontario election rules by giving potential voters the free-admission coupons stapled to her campaign literature. Supplied photo Downey said she did nothing wrong because the vouchers have no cash value. In an interview, Downey said the Brampton Fair board run by the non-profit Region of Peel Agricultural Society agreed to let her distribute the coupons. They sometimes go home from school, you can get them at the grocery store or the hardware store. (news.financializer.com). As reported in the news.

world markets: World markets rattled by US inflation concerns Read more The reserve cut, the fourth by the People's Bank of China PBOC this year, came after Beijing pledged to speed up plans to invest billions of dollars in infrastructure projects as the economy shows signs of cooling further, according to The Guardian. Investment growth has slowed to a record low and net exports have been a drag on growth in the first half of the year. As higher US interest rates and fears of a trade war piles pressure on economies around the world, China's central bank said on Sunday that it was cutting the reserve requirement ratios RRRs by one percentage point from 15 October to lower financing costs and spur growth in the world's second-biggest economy. China releases a snapshot of its services sector on Monday, which will be closely watched for signs of slower growth. The injection of cash into the economy, which will be 750bn yuan 109.2 billion will also boost hopes that the negative impact of higher US tariffs on Chinese exports can be eased. Reserve requirement ratios RRRs - currently 15.5% for large commercial lenders and 13.5% for smaller banks - would be cut by 100 basis points from October 15, the PBOC said. (news.financializer.com). As reported in the news.

accident: I'm not going to rape you, because you're very ugly to a female representative in Congress, according to The Guardian. I'd rather have my son die in a car accident than have him show up dating some guy. On social networks, the former army officer Jair Bolsonaro is often referred to simply as the thing . To understand why Bolsonaro evokes such dread, consider some of the things he has said in the last few years I had four sons, but then I had a moment of weakness, and the fifth was a girl. I'm pro-torture, and the people are too. I don't think they're even good for procreation any more referring to quilombolas, the black descendants of rebel African slaves. They don't do anything. (news.financializer.com). As reported in the news.

america: If they don't want me to speak out, that's a different issue, according to CNN. But I'm telling you, I have not met with any Iranians since the President pulled out of the agreement, period. I'm speaking out as a citizen in America, Kerry said in an interview with CNN's Michael Smerconish that aired Saturday morning. Current Secretary of State Mike Pompeo said last month that Kerry's behavior was unseemly and unprecedented after Kerry said he had met with Iranian Foreign Minister Javad Zarif a few times since leaving office. During his tenure as secretary of state, Kerry was critical in constructing the Obama administration's 2015 deal, which aimed to restrict Iran's nuclear program in exchange for the lifting of sanctions. This is a former secretary of state engaged with the world's largest state sponsor of terror, and according to him, he was talking to them, he was telling them to wait out this administration,' Pompeo added. (news.financializer.com). As reported in the news.

property: Property mogul John Whittaker has teamed up with Brookfield Property Group and Saudi investment fund Olayan Group to explore a potential buyout of U.K. mall operator Intu Properties plc, according to The Toronto Star. Britain's malls are some of the least desirable shopping destinations for international investors. But even this supremely unloved part of the London stock market has a price. But even this supremely unloved part of the London stock market has a price. Before their putative bid emerged late on Thursday, the value of those holdings had fallen 60 per cent since early 2015. TOLGA AKMEN / AFP/GETTY IMAGES Whittaker's Peel Group already has a 27-per-cent stake in Intu while Olayan owns about 3 per cent. (news.financializer.com). As reported in the news.

illness: The inquiry will look at the impact of mental illness on the economy and scrutinise the 9 billion spent a year by federal, state and territory governments, according to Nine News Australia. Beyondblue chief executive Georgie Harman said the inquiry had the potential to drive real change. To improve your experience update it here News National Inquiry to look at mental health funding2 55pm Oct 7, advocacy groups have hailed a major new Productivity Commission inquiry into Australia's mental health system as a significant step forward. This announcement reflects what the mental health sector has been calling for; that the impacts of mental health be recognised as a fundamental and core part of governments' economic and productivity agenda, Ms Harman said on Sunday. But he questioned why so many previous inquiries and reports had failed to come up with solutions. Mental Health Australia chief executive Frank Quinlan said if the commission delivered clear recommendations it would be a positive step towards improving Australians' mental health. (news.financializer.com). As reported in the news.

mr morrison: Tasmania is among the states and territories at loggerheads with Canberra over the GST carve up and wants a legal guarantee it won't be worse off, according to Nine News Australia. Addressing the Liberal state council in Hobart on Saturday, Mr Morrison lavished praise on the Hodgman government for creating jobs and attracting people to the state. To improve your experience update it here News NationalPM spruiks Tassie economic 'turnaround'5 06pm Oct 6, Minister Scott Morrison has extended the olive branch to Tasmania by talking up the state's economic turnaround under the government of Will Hodgman. This has become the turnaround state under Will, he said. Tasmania's unemployment dropped from eight per cent to 5.8 per cent under the Hodgman government, re-elected earlier this year, Mr Morrison added. To March 2018, 2200 other Australians decided to come here and be Tasmanians - that's a turnaround that is happening here in Tasmania under Liberal governments. (news.financializer.com). As reported in the news.

code: Hosted by Emily Chang, according to Bloomberg. More episodes and clips45 29'Bloomberg Technology' Full Show 10/5/2018 04 16Tencent Starting to Crack the Code on Music Streaming, Lead Edge's Green Says07 35China May Have Committed 'Holy Grail' of Hacking, Rep. Now, it's the largest comic book convention in North America Source Bloomberg More From Tic Toc00 55Hurricane Michael To Hit Florida6 minutes ago00 43Fleeing Venezuela Comes With A Price2 hours ago02 08Could 0.5 C combat climate change 3 hours ago00 52Thousands Demand Reason Behind Journalist's Visa Rejection4 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Stewart Says48 11'Best of Bloomberg Technology' Full Show 10/5/2018 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. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz See all shows More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

case: Val Davies says she has been battling for weeks to get the matter sorted out, but as is so often the case with this type of dispute she was told an investigation had shown there was nothing wrong with the ATM in question, according to The Guardian. Needless to say, 150 was debited from her bank account. She had attempted to withdraw 150, but says she received only two 10 notes in her hand. In effect, they are calling my husband and myself liars, says Davies, who intends to take her complaint to the Financial Ombudsman Service. We have featured other cases, too, and they pop up elsewhere. She is the latest in a line of people to claim they have been short-changed or defrauded by an ATM. Six months ago, Guardian Money featured Nationwide customer Steve McQueen, who attempted to withdraw 300 but got an error message and no cash only to later discover the money had been debited from his account. (news.financializer.com). As reported in the news.

bitcoin atm: Police identified four victims, all from the eastern suburbs, who've parted with the cash after being told they owe a tax debt that if not paid, will lead to their arrest, according to Nine News Australia. The victims are told to take money from their bank account and pay it into an account at a bitcoin ATM in Braybrook. To improve your experience update it here News National Vic victims conned in bitcoin ATM scam7 41am Oct 5, have lost up to 50,000 in a bitcoin ATM scam in Melbourne, out of fears they will be arrested if they don't pay up. Police say scammers appear to target people they can convince that their immigration status is in jeopardy and urge victims to contact police. AAP 2018Continue reading VictoriaCONTACT USSend your photos, videos and stories to 9News News 'It has had its day' Indoor plant trends for 2019 - domain.au Top Stories Two-year-old dies after waiting in emergency for more than two hours Photographer's stunning images highlight the beauty of rural lifean hour ago Couple attacked at home by 'Gumtree buyers'2 hours ago Stabbed mental health worker collapses in front of horrified diners10 minutes ago Anyone getting a call along these lines should make inquiries with the relevant authority before paying any money or giving any banking or personal details over the phone, Maribyrnong Acting Detective Sergeant Katherine Lehpamer said. (news.financializer.com). As reported in the news.

car manufacturers: It doesn't sound like much, according to The Guardian. But UK investors are notoriously averse to the thrills and spills offered by car manufacturers, preferring the more esoteric world of outsourcers, service providers and financial firms. The Aston Martin chief executive has done something this week that nobody has done for almost 30 years float a car company on the London Stock Exchange. Aston Martin Lagonda debuted on Wednesday at 1,900p, valuing the James Bond carmaker at 4.3bn. Aston Martin IPO disappoints as luxury carmaker's value falls Read more In an upstairs room at the London Stock Exchange, immediately after the first dealings, Palmer looked tired but elated probably just like a boss should look after dragging a loss-making carmaker back from the brink of extinction to the floor of the London Stock Exchange inside four years. It sold 25% of the company's shares just below the middle of its price range but the stock quickly hit the skids, closing at 1,810p by the end of the first day's trading and slipping further, to 1,748 by Friday lunchtime. (news.financializer.com). As reported in the news.

u.s: The Canadian dollar traded at an average of 77.30 cents U.S. down from an average of 77.52 cents U.S. on Thursday but up five cents on the week, according to The Toronto Star. Paul Chiasson / THE CANADIAN PRESS While we are seeing ongoing healthy macroeconomic indicators, there's pressure on the stocks because of lofty valuations, coupled with potentially weaker than expected margin profiles, he said in an interview. The fast pace of the rise in U.S. government bond yields is pressuring the most expensive stocks signalling that prices matter once again, says Cavan Yie, a portfolio manager at Manulife Asset Management. The jobs reports issued Friday showed good topline numbers. And the U.S. unemployment rate fell in September to 3.7 per cent, the lowest since 1969. Canada's job market gained 63,000 positions in September, pushing the unemployment rate lower to 5.9 per cent. (news.financializer.com). As reported in the news.

copper investment: Source Bloomberg More From Bloomberg Surveillance' Full Show Cites Independence, Emotions as Senate Vote Looms02 19Gabelli Fund's Ward Says You've Got to Be in This Market05 48Black Rock's Hambro Sees Uncertainty Around Copper Investment 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 55 33'Bloomberg Markets The Close' Full Show 10/5/2018 04 00Brazil's Election Is a Dead Heat, Eurasia Group's Garman Says45 53'Bloomberg Markets Balance of Power' Full Show 10/05/2018 01 54Why Yale Is Investing in the world with Bloomberg News More episodes and clips02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix02 35Quantum Computing Is One Step Closer to Reality 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. He speaks on Bloomberg Surveillance. More episodes and clips24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz See all shows (news.financializer.com). As reported in the news.

couple: They had the 1,060 ready in an envelope but were left searching the home when it disappeared over the weekend, according to CNN. I'm digging through the trash and she hollers and says, 'I found it,' Ben told CNN affiliate KSL. She's holding the shredder and she says, 'I think the money is in here.' As the couple emptied the container, their money tumbled out like confetti. Ben and Jackee Belnap of Halladay had been saving money to pay back Ben's parents for University of Utah football season tickets. We just, for like five minutes, we just shuffled through it, not talking, Jackee told KSL. We didn't know what to do and then I broke the silence and I'm like, 'Well, this will make a great wedding story one day.' Read More Who would shred money The couple suspects their curious toddler, Leo, was copying what he saw his mom do. There's good news for the family, though. Leo helps me shred junk mail and just things with our name on it, or important documents we want to get rid of, she said. (news.financializer.com). As reported in the news.

dow: At 8 30am, according to Nine News Australia. ET, Dow e-minis were up 43 points, or 0.16 per cent. To improve your experience update it here News World Futures swing after September US jobs data10 47pm Oct 5, 2018Facebook Tweet MailUS stock index futures have briefly turned positive after a US Labor Department report showed job growth slowed sharply in September, while a steady rise in wages suggested moderate inflation pressures, easing concerns about the economy overheating. S&P 500 e-minis were up 3.25 points, or 0.11 per cent and Nasdaq 100 e-minis were up 1 points, or 0.01 per cent. S&P 500 e-minis were down 2.5 points, or 0.09 per cent and Nasdaq 100 e-minis were down 21.5 points, or 0.29 per cent. Minutes ahead of the data, Dow e-minis were down 11 points, or 0.04 per cent. (news.financializer.com). As reported in the news.

educators: As early childhood educators are predominantly female, Mr Shorten says this has resulted in lower wages, according to Nine News Australia. I don't think it's fair ... so we will have more to say on a better pay deal for early childhood educators, he told reporters in Melbourne on Friday. To improve your experience update it here News National Labor flags childcare worker pay policy2 21pm Oct 5, Shorten is flagging higher pay for early childhood workers after already promising to give 700,000 Australian children more preschool hours. The Fair Work Commission dismissed early childhood union United Voice's case calling for equal pay in February, while workers recently walked off the job in protest for the fourth time in 18 months. But Vocational Education Minister Michaelia Cash says the number of workers entering the childcare sector is keeping pace with demand. The opposition announced it will scrap up-front TAFE fees for 10,000 people wanting to study early education if it wins the next election, a day after making a 1.75 billion promise to give 700,000 three and four-year-olds extra preschool. (news.financializer.com). As reported in the news.

years: After the Great Depression hit, Sam's family worked the streets to survive, according to The Toronto Star. They bootlegged booze and stole coal to stay warm. His alcoholic father all but abandoned the family and his mother died within a few years of arrival. Sam was caught using counterfeit bills in Toronto and sentenced to three years in jail. Nick Kozak and Aaron Harris photos Later, he sold mineral feed to farmers in the Toronto region and started buying land from those anxious to sell. Brothers Edward Sorbara, left, former Ontario finance minister Greg Sorbara, centre, and Joseph Sorbara are entangled in a bitter family feud over Sorbara Group. (news.financializer.com). As reported in the news.

financing: Another answer was that the oil and diamond industries were financing the war, according to The Guardian. But neither of these facts told the whole story. Every western visitor asked me a version of the same question how could the citizens of a country with vast mineral wealth be so shockingly destitute One answer was corruption a lobster-eating, champagne-drinking elite was getting very rich in the capital while their impoverished compatriots slaughtered each other out in the dusty provinces. There was something else going on. They called it the resource curse. Around this same time, economists were beginning to put together a new theory about what was troubling countries like Angola. (news.financializer.com). As reported in the news.

handout photograph: This handout photograph released by India's Press Information Bureau PIB on October 05, 2018 shows Russian President Vladimir Putin L signing the visitors book as Indian Prime Minister Narendra Modi looks on at the Hyderabad House in New Delhi, according to The Toronto Star. President Vladimir Putin sought on Thursday to nail down billions of dollars worth of arms deals with India, as New Delhi walks a tightrope between Moscow and Washington with a wary eye on China. The deal was signed in New Delhi during a visit by Russian President Vladimir Putin, who met with Indian Prime Minister Narendra Modi to discuss nuclear energy, space exploration and trade. HANDOUT / AFP/GETTY IMAGES India has requested that the U.S. grant it a waiver for the deal from sanctions prescribed by the Countering America's Adversaries Through Sanctions Act, a U.S. law passed in August 2017 that is intended to punish Russia for its annexation of Crimea and alleged interference in the 2016 U.S. elections. If the U.S. does impose sanctions on India, it is unclear how India could pay Russia for the military equipment, since the law bars dollar-denominated financial transactions. The U.S. did not spare China from sanctions last month for purchasing its own Russian S-400 surface-to-air missile systems and fighter jets. (news.financializer.com). As reported in the news.

oil prices: The currency recovered slightly later in the day, according to CNN. The Reserve Bank of India RBI decided against hiking rates for the third time this year despite expectations that it would act to tame inflation caused by rising oil prices and the crashing currency, which makes imports more expensive. The rupee crossed 74 rupees to the US dollar for the first time ever, after the country's central bank surprised markets by holding off on raising interest rates. The Indian rupee has fallen around 15% against the surging dollar this year, making it one of the world's worst performing currencies. It recently made it easier for foreign investors to buy rupee bonds issued by Indian companies and raised tariffs on imported goods like washing machines and diamonds, measures designed to reduce the flow of money out of the country. The Indian government has tried in vain to stop the slide. (news.financializer.com). As reported in the news.

porciani: In January last year, Turnberry's general manager, Ralph Porciani, told the Guardian he expected 2017 to be the best-performing in the hotel's history more than a century by beating its previous record takings of 16.2m in 2007 by 15% to 20%. Trump and Scottish golf resort profit from falling pound after Brexit vote Read more Trump had told the Times that month Turnberry was doing unbelievably well because the value of sterling had fallen after Brexit, boosting US and overseas visitors, according to The Guardian. Turnberry's earnings for 2017 were much lower than Porciani's forecast of at least 18.5m though. Trump Turnberry's last accounts show the luxury hotel and golf resort in Ayrshire had an income of 15.2m in 2017 because its takings jumped after he spent more than 100m refurbishing its buildings and courses, and with rooms available at a steep discount. Its sales grew by 70% chiefly because it was not affected by any closures during 2017 from the remodelling of its golf courses and refurbishment of the hotel. Sign up for the US morning briefing The accounts for Turnberry's holding company, Golf Recreation Scotland, also suggest that Trump's optimism about the impact of sterling's weakness against the dollar was unfounded. Turnberry also increased its golf club membership fees by 38% to 2,500 a year after the courses were revamped at great expense. (news.financializer.com). As reported in the news.

australian-trained doctors: NHS England have declared they'll offer STG18,500 A 34,000 to British GPs who have relocated and Australian-trained doctors who want to live and work in the UK. Details of the recruitment plans were outlined at the Royal College of GPs' annual conference in Glasgow Thursday local time with a target of 2000 foreign doctors hoped to be in place by 2020/21, according to Nine News Australia. Britain's National Health Service NHS will offer cash incentives to Australian GPs in an attempt to fill an alarming shortage of family doctors across the country. iStock The initiative mirrors the success of the London Ambulance Service recruiting over 500 paramedics from Australia and New Zealand in the last four years. To improve your experience update it here News World Aussie doctors offered 34,000 to move to the UK amid GP shortage7 20am Oct 5, National Health Service NHS will offer cash incentives to Australian GPs in an attempt to fill an alarming shortage of family doctors across the country. GP vacancy rates in the UK are the highest on record, with more than a 1000 doctors leaving the NHS in the last three years, citing unmanageable workloads and increasing demands. NHS England have declared they'll offer STG18,500 A 34,000 to British GPs who have relocated and Australian-trained doctors who want to live and work in the UK. EPA The initiative mirrors the success of the London Ambulance Service recruiting over 500 paramedics from Australia and New Zealand in the last four years. Two recruitment agencies have been tasked with finding suitable candidates and the British government has relaxed a cap on workers from outside the European Economic Area. (news.financializer.com). As reported in the news.

american economy: Measured by number of employees, it's behind Walmart, according to CNN. By revenues, it's a distant eighth on the Fortune 500 list. By market cap, it trails Apple. But measured by importance to modern life and ability to shape the American economy in its own image, Amazon is second to none. Born in 1994 as a modest online bookseller, Amazon has grown organically and by accretion into an internet giant that plays in nearly every sector, from producing movies to transporting freight. Part of Amazon's remarkable influence stems from the sheer variety of its business lines and the way it touches our everyday lives. (news.financializer.com). As reported in the news.

american-made parts: The reason New tariffs in the trade clash between the United States and China have made the American-made parts too expensive, according to CNN. The company, which employs about 100 people, would have made the shift to local production eventually, but the trade war accelerates the transition, He told CNN. The world's top two economies have imposed tariffs on hundreds of billions of dollars of each other's goods. Smart Take The trade war with the United States could help China's economy in the long run The tariffs are pushing Chinese companies to upgrade technology to become more competitive The conflict is also expected to prompt Beijing to double down on efforts to boost homegrown innovation But the company, Suzhou Osaitek Photoelectric Technology, is now speeding up plans to produce the components itself, according to He Zhongya, its chief engineer. The measures are expected to take a heavier toll on China's economy, which relies more on exports and has already started losing steam this year. The crisis incentivizes China to develop faster, said He.A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown technology. context Image Object name A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown technology. url down' on tech The US Commerce Department starkly exposed China's reliance on American technology this year when it blocked US companies from selling vital components to Chinese telecommunications hardware maker ZTE, forcing it to halt almost all of its operations. Read More But the conflict is encouraging Chinese companies and government officials to move ahead with changes that could eventually make the economy more competitive and more appealing to foreign investors. (news.financializer.com). As reported in the news.

bond yields: The pound slipped below 1.30, according to The Guardian. World economy at risk of another financial crash, says IMFRead more Rising US bond yields indicate that the Federal Reserve, under its hawkish chairman Jerome Powell, is likely to keep raising interest rates from their current 2.25% well into 2019. With impressive service sector data published on Wednesday and strong jobs figures in the non-farm payrolls expected on Friday, the dollar hit an 11-month high against the yen and drove US treasury yields to their highest since mid-2011. They are also unfavourable for emerging markets as they tend to draw away much-needed foreign funds while pressuring local currencies. The Indian rupee fell to an all-time low against the dollar on Thursday morning of 73.77 while the Indonesian rupiah has plunged to a 20-year low. The Australian dollar, which is seen as a proxy for emerging Asian markets, slipped below US 0.71 and seems set to dip further. (news.financializer.com). As reported in the news.

ni hao: Speaking at a lunch event in Hurstville on Thursday, the prime minister stressed the importance of ties between the two countries, opening his speech with a ni hao that earned him a round of delighted laughter and applause, according to Nine News Australia. I can't stress this enough, China, as the most populous nation in our region and our largest trading partner, is important to Australia, Mr Morrison said. To improve your experience update it here News NationalPM embarks on Chinese charm offensive2 17pm Oct 4, Minister Scott Morrison has embarked on a charm offensive with the Chinese community in Sydney's south declaring Canberra is absolutely committed to a long-term constructive partnership with Beijing. We welcome its remarkable success and we are committed, absolutely committed, to the long-term constructive partnership with China based on our shared values and mutual respect. This is such a great driver of jobs in our nation, the PM said. The Liberal leader promised that Australia would always welcome Chinese students, investors and business. (news.financializer.com). As reported in the news.