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

goldman sachs: The Toronto Stock Exchange Broadcast Centre in 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS file photo The activity comes as U.S. corporate earnings have started to roll in with Goldman Sachs and Morgan Stanley on Tuesday outperforming some forecasts, suggesting a solid earnings season ahead. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. We've seen the sell-off, a little bit of a correction and you've seen some decent results come in. Bernes said bond yields, which drove investor anxiety when they increased to multi-year highs, have retreated in the last few days to provide some support to equity markets. I don't think there are any growth or macro concerns that would warrant further downward pressure, he said of equity markets. (news.financializer.com). As reported in the news.

emily chang: Hosted by Emily Chang, according to Bloomberg. More episodes and clips45 54'Bloomberg Technology' Full Show 10/17/2018 03 41What Netflix's Forecast Signals for FAANG Stocks08 45Rep. Source the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 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 Fix Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Quigley Says U.S. Not Prepared for China Cyber Attacks06 04The Startup Behind the Anti-Cloud Computer Server 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 Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 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.

league: The league table topped by the United States for the first time in a decade found that Europe as a whole was now less competitive than East Asia and the Pacific regions, according to The Guardian. It also warned that the majority of global economies were ill-prepared for rapid advances in technology. The World Economic Forum WEF which runs the annual Davos gathering of business and political leaders, said that the UK had been overtaken by Hong Kong and Japan on its annual ranking of the world's 140 most competitive economies. The WEF assessed the world's biggest economies across almost 100 different indicators, from the quality of infrastructure to life expectancy and the jobs market. While Britain remains the fourth most competitive economy in Europe behind Germany, Switzerland and the Netherlands, the WEF suggested that it could slip further behind because Brexit stood to damage its attractiveness to international buyers and sellers of goods and services. The Geneva-based organisation also added several new metrics to its 2018 study, such as workforce diversity, press freedom and how hierarchical the biggest companies are in a particular economy. (news.financializer.com). As reported in the news.

lng canada: The B.C. and federal governments welcomed LNG Canada's decision to build a liquefied natural gas export facility in Kitimat B.C. earlier this month, calling it an unprecedented level of investment, according to The Toronto Star. Critics however are concerned about a major increase in greenhouse gas emissions. We should be going aggressively after clean manufacturing, he told Star Metro in an interview Monday. District of Kitimat / District of Kitimat Why aren't we talking about trying to build a Tesla gigafactory for batteries in Terrace Weaver's comments followed a reminder from south-of-the-border Monday morning that B.C. is entering what will be a highly competitive market place with new investments in liquefied natural gas. As part of its efforts to achieve energy dominance, he said the government is considering using federally owned land, including military bases, on the west coast as export facilities to get coal and natural gas to markets in Asia. In comments to the Associated Press, U.S. Interior Secretary Ryan Zinke reiterated the U.S. government's commitment to resource industries. (news.financializer.com). As reported in the news.

mineral water: Henley & Partners statement Read more The party had gathered at a restaurant overlooking the golf course in Frigate Bay, on the Caribbean island of St Kitts, according to The Guardian. K lin, wiry and softly spoken, was in town to keep an eye on the general election in the former British colony. As his companions tucked into their pasta, Christian K lin sipped mineral water. The date had been set for 25 January 2010. Back then, the bespectacled old Etonian was running the elections division of Strategic Communications Laboratories, known as SCL. Golden passports' threaten European security, warns EU commissioner Read more Nix was being paid to help secure a fourth term for the country's Labour prime minister, Denzil Douglas. With him was Alexander Nix, the now-notorious founder of Cambridge Analytica. (news.financializer.com). As reported in the news.

saudi commentator: A leading Saudi commentator has even hinted that oil could be used as a weapon, according to CNN. A rhetorical threat to withhold supplies could drive up prices, Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNN Business. The kingdom is facing threats of punishment over the unexplained disappearance of a Washington Post journalist, Jamal Khashoggi, and is talking of retaliation if America imposes sanctions. Saudi Arabia could go further, by slow-walking output increases to make up for reduced Iranian supplies when US sanctions on Tehran take effect next month, Croft added. Analysts are expecting energy companies to rake in monster earnings in the third quarter. Rising oil prices would harm consumers, but they could give energy stocks a boost. (news.financializer.com). As reported in the news.

year: The deficit totaled 779 billion in the fiscal year that ended Sept. 30, up 17% from 666 billion in fiscal 2017, the Treasury Department said Monday, according to MSNBC. The deficit is headed toward 1 trillion in the current fiscal year, the White House and Congressional Budget Office said. Yeah, about that . The U.S. government ran its largest budget deficit in six years during the fiscal year that ended last month, an unusual development in a fast-growing economy and a sign that so far at least tax cuts have restrained government revenue gains. This deficit is the fifth largest in modern American history in non-inflation adjusted terms and it now stands at 3.9% of GDP, up from 3.5% a year ago. The trouble is the broader context Circling back to our previous coverage, there are a few key angles to this to keep in mind. To be sure, as a percentage of the economy, the deficit isn't necessarily at a level that should cause significant concern. (news.financializer.com). As reported in the news.

shareholders vote: If more than 25% of shareholders vote against the remuneration report at next year's AGM, it would constitute a second strike and trigger a forced spill of board positions, according to The Guardian. Australia's executive pay backlash hits Telstra and Transurban Read more The chairman, John Mullen, told Tuesday's meeting there could be merit to replacing complex remuneration calculations with a traditional payment structure such as half-cash, half-shares locked in for five years. More than 60% of investors voted against the telco's remuneration report at Tuesday's annual general meeting, raising the prospect of a board spill in 12 months if it doesn't address widespread unhappiness among shareholders. Maybe there is a case for doing away entirely with all these complex schemes and just go back to a fixed salary commensurate with the difficulty of the role, he said. Mullen admitted executive salaries were too high across the board but said he was disappointed with the rejection of a plan to cut bonuses by 30% for a year in which dividends fell nearly a third. The AGM would be over in half the time. (news.financializer.com). As reported in the news.

taxi fare: Lane Tynan Mitchell, 25, and Peter Anthony Jarman, 49, had sex and took 1000 worth of methamphetamine in the older man's North Perth apartment in June last year before an argument erupted, according to Nine News Australia. Mitchell, who provided the drugs, became enraged when Mr Jarman refused to give him cash for a taxi fare, the Supreme Court of WA heard today. To improve your experience update it here News National Peter Jarman murder Killer refuses to read victim impact statements9 31pm Oct 16, 2018Facebook Tweet MailA man who viciously assaulted a gay lover, set fire to his apartment and left him for dead has refused to read the impact statements written by the victim's family. Mitchell, who had a much larger physique, admitted punching, kicking and bludgeoning Mr Jarman with a wine bottle, although a forensic pathologist said the victim may also have been hit with a statue and a frying pan. Peter Jarman Supplied As Mr Jarman lay seriously injured, Mitchell reset the factory settings on his computer and placed his electronic devices, including mobile phones, under a running shower in a bid to destroy evidence of their intimate relationship. Peter Jarman was bludgeoned then left to die in his burning apartment. (news.financializer.com). As reported in the news.

wednesday police: Victorian Jonathan Dick is wanted over the February 2017 murder of his brother David in Doncaster, and a hammer assault on a man in Keilor five months later, according to Nine News Australia. Homicide Squad head Detective Inspector Tim Day said on Wednesday police believe he is being sheltered, possibly in someone's home, hostel or boarding house. To improve your experience update it here News National Reward for man wanted over brother murder7 51am Oct 17, 2018Facebook Tweet Mail One of Australia's most wanted men could be labouring for cash-in-hand jobs, according to Victorian police offering a 100,000 reward for his capture. Investigators believe he has ready access to laundry facilities, food and money and as a skilled labourer, could be doing cash-in-hand work in the building industry. It's our belief that over the past year, Jonathan has essentially been hiding in plain sight. We believe Jonathan is currently in the community, people will be seeing him, hearing him and possibly working with him, Inspector Day said, launching the reward for his capture. (news.financializer.com). As reported in the news.

bn barrels: Its vast oil reserves it claims to have about 260bn barrels still to extract afford the most obvious advantage, according to The Guardian. The kingdom is the world's largest oil exporter, pumping or shipping about 7m barrels a day, and giving Riyadh huge clout in the global economy because it wields power to push up prices. It will have a powerful hand to play if tensions with the US and the west escalate and it follows through with Sunday's warning of retaliation. An editorial in Arab News by Turki Aldhakhil, the general manager of the official Saudi news channel, Al Arabiya, offers a hint of what could be in the offing. These would include an oil production cut that could drive prices from around 80 60 a barrel to more than 400, more than double the all-time high of 147.27 reached in 2008. He said Riyadh was weighing up 30 measures designed to put pressure on the US if it were to impose sanctions over the disappearance and presumed murder of Jamal Khashoggi inside the country's Istanbul consulate. (news.financializer.com). As reported in the news.

canada: What it means for Canada is one thing, according to The Toronto Star. What about what it means for you, and the issues you care about We're here to help. But legalization is just the start of the conversation, and the questions about new investments, new jobs, new rules and new habits. The Toronto Star hosted a Reddit AMA with three leading industry professionals Tuesday. Toronto Star Editor Irene Gentle moderated the discussion. Our panel of experts answered your questions about the law, dispensaries, health and more. (news.financializer.com). As reported in the news.

elizabeth warren: Who cares Trump said when asked about the DNA test, according to CNN. When pressed on the once-promised 1 million payment, Trump responded I didn't say that. Elizabeth Warren for taking DNA test to review her Native American heritage, after she released the results of one on Monday morning. You better read it again. At a rally in July, Trump said And we will say, 'I will give you a million dollars, paid for by Trump, to your favorite charity if you take the test and it shows you're an Indian ... we'll see what she does. In fact, Trump did promise 1 million, during a July rally, but only if the test showed she was an Indian. (news.financializer.com). As reported in the news.

hpe sustainability: Corrects headline to better reflect the guest's view, according to Bloomberg. Source Bloomberg More From Daybreak Asia01 35 31Bloomberg Daybreak Asia - Full Show 10/17/2018 6 hours ago01 43Huawei Technologies Reveals New Flagship Smartphone10 hours ago03 06Ongoing Support for Dollar Expected, Westpac's Callow Says11 hours ago03 59HPE Sustainability Helps Grow 240 Million in New Revenue12 hours ago 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. They speak with Shery Ahn and Haidi Stroud-Watts on Bloomberg Daybreak Asia. More episodes and clips09 52Growth Entirely Driven by New Products, Says Roche CEO08 52We're Moving in Right Direction, Says Akzo Nobel CEO02 41Lagarde Defers Saudi Trip02 34Breaking Down Infosys' the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 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 Fix 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 Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 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.

forecasting: It also warned that its hedging against currency movements had not worked out as expected, leading to 8m in additional costs, according to The Guardian. Before the profit warning, analysts were forecasting underlying pre-tax profits of 107.1m to 111.6m. The company struggled to sell sweatshirts and jackets, which account for 45% of its annual sales, because of the unseasonably hot weather in the UK, continental Europe and on the east coast of the US. Superdry, which shot to prominence when David Beckham wore one of its Osaka 6 T-shirts on the cover of his 2005 calendar, said the impact of the weather combined with difficult high street conditions would reduce profits up to the end of April 2019 by 10m. To reduce its reliance on warm outerwear, Superdry is trying to sell more dresses, skirts, women's tops and denim as well as tapping into the athleisure trend by opening a handful of stores that only sell sportswear. We are well prepared for peak trading but the second half of financial year 2019 presents both risks and opportunities. It is investing 5m in digitisation, automation and product development, in a bid to adapt stores for a digital world . Superdry has 246 stores, including 102 in the UK. The Superdry chief executive, Euan Sutherland, said We are not immune to the challenges presented by this extraordinary period of unseasonably hot weather. (news.financializer.com). As reported in the news.

panic button: Ten years ago in October 2008, the Reserve Bank hit the panic button, according to The Guardian. It cut the cash rate by 100 basis points, just a month after it had lowered it by 25 basis points. Both the Reserve Bank and the International Monetary Fund have recently pointed to concerns about the level of household debt as we reach a decade since the global financial crisis. It wasn't finished. Confidence in housing market 'collapsing', NAB survey says Read more All up the cash rate was now 3.25% points lower than it had been just seven months prior. The following month it cut another 75 basis points, and then in December yet another 100 basis points were dropped, only to be repeated in February 2009, before the final 25 basis point cut occurred in April. (news.financializer.com). As reported in the news.

oct: A man speaks on the phone outside the Saudi Arabia's consulate in Istanbul, Saturday, Oct. 13, according to The Toronto Star. Petros Giannakouris / The Associated Press Saudi Arabia affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures, or repeating false accusations, the Foreign Ministry said. If Saudi Arabia receives any action, it will respond with greater action, the Saudi Foreign Ministry said in a statement, citing the oil-rich kingdom's influential and vital role in the global economy. Read more Donald Trump vows punishment' if U.S. determines Saudi Arabia killed Jamal Khashoggi Article Continued Below Turkey has audio of Saudi journalist's slaying, newspaper says Images surface of alleged Saudi assassination squad' following writer's disappearance The accusations at issue are the claims of Turkish officials that a team of Saudi agents killed and dismembered Khashoggi, a U.S. resident and columnist for the Washington Post who was last seen entering the Saudi Consulate in Istanbul on the afternoon of Oct. 2. President Recep Tayyip Erdogan of Turkey has demanded an explanation. The Saudi crown prince, Mohammed bin Salman, and other Saudi officials have said they have no knowledge of Khashoggi's fate. (news.financializer.com). As reported in the news.

value: Early investors in cannabis have experienced spikes and dips in the value of their investments driven largely by political announcements, and major merger and acquisition activities amongst some of the largest Canadian producers and distributors, according to The Toronto Star. Short-term pops in the value of cannabis are sure to soften as the industry starts to pair real supply with real demand, and not just speculation about either. But, with legalization only days away, the market for investors is going to change. Jeff McIntosh / The Canadian Press But, these short-term pops in value are sure to soften as the industry starts to pair real supply with real demand, and not just speculation about either. Canadians can invest in companies that grow and distribute marijuana, pharmaceutical companies who are investing in cannabinoid drugs, or agricultural companies to assist producers in the growing phase. This means that investors now have to start looking at the industry with a longer-term lens, and not just as a way to have a quick financial home run.A sign that the cannabis industry is starting to mature is the increase in the variety of investments investors can choose from. (news.financializer.com). As reported in the news.

donald trump: Ankara believes that he was murdered inside the building and his body removed, according to The Guardian. Donald Trump has threatened severe punishment if the Saudi government is found to have been involved in the Washington Post columnist's disappearance. Khashoggi, a prominent critic of Riyadh and a US resident, vanished on 2 October after visiting the Saudi consulate in Turkey. In an interview to be aired on Sunday, the US president told CBS's 60 Minutes We're going to get to the bottom of it. Trump, however, has said Washington would be hurting itself if it halted arms sales to Riyadh. Media companies and some technology executives have pulled out of a Saudi investment conference because of growing outrage over the disappearance and US lawmakers have demanded firm action. (news.financializer.com). As reported in the news.

forecast growth: The group of economists, which is the only non-government forecasting organisation to use the Treasury modelling of the economy, said it had downgraded its growth forecast for this year and next as a consequence, according to The Guardian. It forecast growth of 1.3% for the whole of 2018, down from a previous estimate of 1.4%. This would be the worst annual period for growth since the financial crisis. After official figures revealed zero growth in GDP in August, the EY Item Club said the economy would struggle to recover in the final months of the year owing to the increasing likelihood of Britain crashing out of the EU in less than six months' time. It also downgraded the outlook for the second quarter running. The government's economic forecaster, the Office for Budget Responsibility, last week raised the prospect of a no-deal scenario triggering border delays, companies and consumers stockpiling food and other supplies, and aircraft being unable to fly in and out of Britain. Frictionless Brexit trade deal would bolster budget Hammond Read more EY Item Club forecast a modest recovery next year if there was a smooth Brexit deal, with growth of 1.5%, down from its previous estimate of 1.6%. Economists have said failure to reach such a deal could significantly harm the UK economy, with the International Monetary Fund warning of dire consequences for growth. (news.financializer.com). As reported in the news.

month: Chief executive Paul Polman scrapped plans last month to simplify the company's Anglo-Dutch legal structure and transplant headquarters from London to Rotterdam, a move that would have seen its shares depart the FTSE 100, according to The Guardian. City shareholders, many of whom would have been forced to remove Unilever and its steady returns from their portfolios as a result, opposed the plan and were not shy about saying so. Unfortunately for Unilever, maker of household staples from Dove soap to Hellmann's mayonnaise, keeping a low profile isn't going to be an option for at least another week. Polman duly caved, in but the highly public contretemps with investors left some observers questioning his future in the post he has occupied for nearly a decade. The first of these could prove a bruising encounter for Unilever, given the predisposition among MPs to use select committees to indulge in gleeful grandstanding. Now might be the time to keep quiet and concentrate on performance but instead Unilever will find itself back in the public eye, giving evidence alongside Royal Mail at a select committee session on executive pay on Tuesday then, two days later, presenting interim results. (news.financializer.com). As reported in the news.

shares: It's been Corporate America itself, according to CNN. Who turned out the lights Here's a little-known fact The biggest buyer of shares during the bull market hasn't been individual investors nor large institutions. (news.financializer.com). As reported in the news.

march election: Mr Malinauskas says no-one can deny the party's successes while in government, such as the development of its world-leading energy policy, its efforts to introduce economic and social reforms and to create and protect jobs, according to Nine News Australia. But he says it remains a fact Labor lost the March election and it would be intellectually dishonest to deny the failures that occurred on its watch. To improve your experience update it here News NationalSA Labor acknowledges its mistakes1 24pm Oct 13, Australia's former Labor government could be rightly proud of its achievements during 16 years in office but must also acknowledge its failures, Opposition Leader Peter Malinauskas says. He singled out the Oakden nursing home scandal and problems with child protection and in the TAFE sector as areas where Labor let people down . In order to be proud about what we did right, we must be honest about what we did wrong, Mr Malinauskas told the party's state conference on Saturday, the first since its election defeat. But he said it would be Labor's willingness to listen to what voters wanted and to respond with the right ideas that would hold the key to success. He also told the conference he remains confident in the ability of his team to return the party to government at the next election, arguing it lines up well with the government. (news.financializer.com). As reported in the news.

abc: He says politicians are often criticised for taking a short-term view, but the government is looking further, according to Nine News Australia. We seek to make decisions that put Australia on the stronger trajectory for the future, he told ABC TV on Sunday. To improve your experience update it here News National Govt does have economic narrative Cormann1 30pm Oct 14, Minister Mathias Cormann has rejected former treasurer Peter Costello's claim that the coalition lacks an economic narrative, saying it talks about the economy day in, day out . Mr Costello told an event last week the government was operating in a parallel universe by promising tax reforms in 10 years time, a sentiment with which Senator Cormann disagrees. We seek to make decisions that have a beneficial effect over the medium and long term. We talk about the economy, day in, day out, he said. The minister said the coalition discussed the economy all the time . I talk about the economy, the prime minister, the treasurer, all of my colleagues. (news.financializer.com). As reported in the news.

ahmed muse: Ahmed Muse told The Associated Press, according to The Toronto Star. Most of the casualties were caused by the bomber who walked into the restaurant with explosives strapped around his waist, officials said. The death toll may rise, Col. Baidoa is a key economic centre about 250 kilometres west of the capital, Mogadishu, and about the same distance east of the Ethiopian border. Most had horrific injuries, nurse Mohamed Isaq told The Associated Press. Google Maps At least 10 of the wounded were being treated at Baidoa's main hospital. (news.financializer.com). As reported in the news.

scott morrison: Scott Morrison has told voters to think carefully about their vote, noting the risk of a hung parliament if his party loses the Sydney seat formerly held by Malcolm Turnbull, according to Nine News Australia. But at the Rose Bay Summer Carnival on Sunday, Dr Phelps said it was the government that had created instability and if she won, she wanted to be a stabilising influence. To improve your experience update it here News National Phelps wants to be a 'stabilising force'3 30am Oct 14, Wentworth candidate Kerryn Phelps has dismissed the prime minister's warning that a Liberal loss Saturday's by-election could cause uncertainty, telling reporters she wants to be a stabilising force. I want to be the sensible centre and I want to be a moderating force, she told reporters. I will support good legislation, I'll try to modify legislation that needs to be modified, I will block bad legislation, she said. Dr Phelps said she would not block supply but the Morrison government would have to behave in a particular way to get any other guarantees from her. (news.financializer.com). As reported in the news.