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

decline: The interventions, designed to soothe concerns among international investors, come after official figures on Monday revealed a 4.4% decline in exports in December the biggest drop since 2016 on the back of faltering demand in most of its key markets, according to The Guardian. Imports also fell by 7.6% as domestic appetite waned. Officials said they would cut taxes on a larger scale in order to boost business activity, announced against a backdrop of disappointing industrial production figures and the first drop in car sales for almost three decades. China has been embroiled in a trade dispute with the US, which has put a handbrake on global trade. Financial markets around the world rallied after the announcement from Beijing, with the FTSE 100 closing up more than 40 points and gains on other stock markets elsewhere across Europe. Although Beijing and Washington are edging closer to a deal, concerns remain the dispute could be reignited. (news.financializer.com). As reported in the news.

british pound: How are the markets trading The British pound GBPUSD, -0.0155% was sharply weaker versus the U.S. dollar, after earlier hovering near a two-month high, according to Market Watch. Sterling last bought 1.2724, compared with 1.2866 late Monday in New York. Elsewhere, China announced plans to ramp up support for its economy, which boosted mining and oil stocks. The FTSE 100 Index UKX, -0.36% finished Tuesday's session 0.6% higher at 6,895.02, reclaiming some ground lost on Monday. Many market participants expect the deal to be rejected in the worst parliamentary defeat for any U.K. prime minister in history, with more than 100 Conservative politicians currently opposed to its terms. What is driving the markets Market participants were gripped by the impending vote on May's divisive Brexit agreement. (news.financializer.com). As reported in the news.

chinese analysts: As the diplomatic row sparked by Canada's arrest of a Chinese technology executive in December saw fresh escalation this week, bilateral trade could suffer, with talks on a free trade agreement FTA investments to Canada and deals on Canadian agricultural, energy and lumber exports likely to be put on hold, Chinese analysts noted on Tuesday, according to Global Times China. Tensions between Beijing and Ottawa escalated sharply on Monday after Canadian officials harshly criticized a ruling by a Chinese court, which sentenced Canadian citizen Robert Lloyd Schellenberg to death for smuggling drugs and participating in organized international drug trafficking. File photo VCG Canadian officials boasted of a unique trading relationship with China just three months ago, but souring bilateral ties have cast a shadow over further bilateral trade. The officials also moved to issue warnings about travel to China. It is of extreme concern to us as a government, as it should be to all our international friends and allies, that China has chosen to begin to arbitrarily apply the death penalty, Trudeau told reporters in Ottawa. Following the ruling on Monday night, Canadian Prime Minister Justin Trudeau, who repeated invoked Canada's judiciary independence to avoid discussing the arrest of Huawei CFO Meng Wanzhou, wasted no time in condemning the Chinese court's ruling. (news.financializer.com). As reported in the news.

investment fdi: Several reports released in recent days by international consultancies and law firms showed that China's outbound investment in the US has been hit hard by the dark clouds hanging over bilateral relations, according to Global Times China. According to a report released by New York-based research company Rhodium Group on Sunday, China's foreign direct investment FDI in the US, including greenfield investments and acquisitions, slumped by 84 percent on a yearly basis to 4.8 billion in 2018, the lowest level in seven years and a dramatic decline from 46 billion in 2016, according to the report. Photo VCG Sluggish Chinese investment in the US last year, resulting mostly from tougher US screening of high-technology acquisitions, is set to persist this year, analysts noted on Tuesday, suggesting that China should expand investment in other markets like Russia to strike a balance. Another report, released by international law firm Baker Mckenzie released on Monday, showed that China's FDI in North America and Europe fell 73 percent year-on-year to a six-year low of 30 billion in total. One example was the US government's block of US money transfer company Money Gram's sale to Alibaba over security concerns. Shen Yuxin, a partner of the Freshfields Bruckhaus Deringer law firm, told the Global Times that increasing US restrictions on overseas investment in the high-technology sector should account for 70 or 80 percent of the slide in Chinese investment in the US. Tougher reviews by the Committee on Foreign Investment in the United States CFIUS starting from 2017 have locked out a number of Chinese investment proposals in the US, both known and unknown to the public, Shen said. (news.financializer.com). As reported in the news.

japan dismissal: I think that once that's the case, they will draw the same conclusions as we did, according to The Japan Times. Ghosn's November arrest in Japan and dismissal by Nissan have deepened tensions with its French parent Renault, which has so far maintained Ghosn in office as chairman and CEO, citing the presumption of innocence. Nissan understands that findings it provided to Renault lawyers more than a month ago have still not been shared in full with the Renault board, Saikawa told France's Les Echos. ; All that I ask is that the directors of Renault should have access to the full dossier, Saikawa said. A spokesman for Renault, which has said judicial confidentiality requires tight restrictions on access to Nissan's findings even by its own board members, did not return calls and messages seeking comment. Nissan director Greg Kelly and the company itself have also been indicted. Ghosn has been charged over allegations that he failed to disclose close to 80 million in additional compensation for 2010 to 2018 that he had arranged to be paid later. (news.financializer.com). As reported in the news.

murder rate: Nevertheless numerous other restrictions remain, including the requirement that gun owners pass tests proving both their psychological aptitude and their capacity to handle a weapon. ; This measure is for upstanding citizens to have peace at home, said Bolsonaro, a former Army captain, at an event in Brasilia on Tuesday, according to The Japan Times. He added that the decree ensures Brazilians' right of defense and that further changes to the law depend on congressional approval. The decree, which does not require congressional approval, scraps the requirement that Brazilians need to prove their effective need' to own a firearm. Brazil is one of the most violent countries in the world, with a murder rate of over 30 homicides per 100,000, compared with around 5 per 100,000 in the U.S. Much of Bolsonaro's electoral appeal came from his tough line on law and order, including a promise to free up police officers to kill suspected criminals and allow Brazilians to arm themselves. While it is legal to own a gun in Brazil, bureaucratic obstacles limit their registration and most weapons are obtained illegally. A poll taken last month, however, showed that a majority of Brazilians oppose loosening the country's gun laws. (news.financializer.com). As reported in the news.

douglas dillon: The opinions expressed in this commentary are their own, according to CNN. Rachel Vogelstein is the Douglas Dillon senior fellow and director of the Women and Foreign Policy program at the Council on Foreign Relations. (news.financializer.com). As reported in the news.

deal: MPs in parliament voted 432-202 against the deal to leave Europe this morning Australia time . But as political experts and economists weigh up the likely consequences of the humiliation, 9News Finance editor Ross Greenwood says Australia could be one of the major beneficiaries if Brexit does go ahead, according to Nine News Australia. We're negotiating a free trade agreement with the UK on the presumption it goes ahead, he told Today show. To improve your experience update it here News National Ross Greenwood analyses what Brexit vote could mean for Australian trade and visa applications By Gemma Bath Producer8 04am Jan 16, happens next after the historic defeat of Prime Minister Theresa May's Brexit divorce deal, the fallout is likely to have a huge impact on Australia. MPs in parliament voted 432-202 against the deal to leave Europe this morning. And it's not just trade, Brexit would help Australian visa hopefuls. AAP We already sell around 12 billion worth of goods to the UK each year, but that could rise enormously as we get more agricultural exports to the UK, continued Mr Greenwood. (news.financializer.com). As reported in the news.

forces: CNN has contacted Zimbabwe's government for comment on the apparent shutdown, but did not immediately receive a response, according to CNN. On Monday security forces using tear gas battled protesters in the country's capital, Harare, and in the southwestern city of Bulawayo. Users said Whatsapp, Facebook and other internet messaging services were inaccessible and journalists using VPN internet connections early Tuesday said they lost those connections later in the day. The protests began after President Emmerson Mnangagwa announced a dramatic increase in fuel prices. Diesel is now being sold at 3.11 per liter, while the price of gasoline has risen to 3.33, more than doubling overnight from 1.35 per liter. Mnangagwa said the decision was meant to ease the impact of an ongoing fuel shortage. (news.financializer.com). As reported in the news.

hike: Its most popular plan will see the largest hike, to US 13 per month from 11, according to Nine News Australia. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. To improve your experience update it Netflix subscribers won't face price hike after bump announced in the USBy Associated Press10 46am Jan 16, is raising its US prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. Even at the higher price, that plan is still a few dollars cheaper than HBO, whose streaming service charges 15 per month. AP The extra cash will help to pay for Netflix's huge investment in original shows and films and finance the heavy debt it has assumed to ward off rivals such as Amazon, Disney and AT&T. While subscribers may bemoan a bigger monthly bill Wall Street cheered, sending shares up more than 6 percent in midday trading. Netflix is raising its US prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. (news.financializer.com). As reported in the news.

operations: Connect also pledged to inject 80m for investment and 20m in a loan to keep Flybe's operations running, according to The Guardian. However, Connect on Tuesday announced that Flybe had not satisfied its conditions for the loan, prompting a need for an urgent injection of capital. Virgin Atlantic, which is still part-owned by billionaire Richard Branson, Stobart and investment house Cyrus announced the 2.2m bid for Flybe on Friday, under the banner of Connect Airways, a joint venture. Virgin Atlantic swoops on troubled Flybe with 2.2m bid Read more It is understood that Flybe failed to persuade the banks that take card payments on its behalf to pass on the much-needed cash. The airline had on Friday acknowledged a rapid and significant tightening on Flybe's liquidity from the card acquirer market . Connect will now buy Flybe's main trading company, Flybe Ltd, and its website company, Flybe Ltd, for 2.8m. The banks were withholding the money in case Flybe collapsed and defaulted. (news.financializer.com). As reported in the news.

week highs: Maybe it has to do with the sectors they're serving, according to The Independent. Maybe it's all about how well run these might be. Investing Share to facebook Share to twitter Share to linkedin Getty Maybe it's the expectation that interest rates are peaking. Maybe they've just been hyped in the media without any fundamental reason. China Mobile daily price chart.stockcharts The 5-year earnings record is negative but last year's earnings were positive. Whatever it is, these 5 stocks are hitting new 52-week highs this week even as the rest of the market struggles to hit last year's peak prices China Mobile is the Hong Kong-based wireless communications business that trades on the New York Stock Exchange with a price/earnings ratio of 11 and at 1.3 times book value. (news.financializer.com). As reported in the news.

refund deposits: Photos VCG An new-energy vehicle is charging in the special parking spot in the B3 garage of Shanghai Times Square, Shanghai on Februrary 15, 2017, according to Global Times China. Wide location coverage and all-time access is the model's advantages to attract users. Several employees were also demanding their unpaid salaries in the office. Just one day after the New Year holiday in 2019, Wang Lifeng, a top executive of a Chinese car-sharing start-up, had already been surrounded by a group of people in a police station in Beijing's Liulitun for one reason asking the entrepreneur to refund the deposits placed in the company's app Togo. The Auto Business Review reported that it was actually Togo staff that had made public Wang's location. Along with the users, a group of Togo employees were also present, asking their boss to pay salaries that had not been paid for more than six months. (news.financializer.com). As reported in the news.

savings safety: Also, amid fears of a lapse in paychecks to government workers, more attention has been focused on the fact that four out of five U.S. workers live without a savings safety net, according to Market Watch. Read White House doubles estimates of shutdown impact on CNBC Unfortunately, there doesn't seem to be any end of this record-long shutdown in sight. In fact, JPMorgan Chase CEO Jamie Dimon has warned that U.S. GDP could be reduced to zero in the first quarter if this partial shutdown continues significantly longer. And even if a short-term bill manages to provide funding, history shows these fights are a regular occurrence and another shutdown is far more likely than a long-term solution. Shutdown-proof Senior housing REITs Despite demographic tailwinds from an aging Baby Boomer population, things haven't been great for senior housing REITs in the last few years. So is there anything investors can learn from the current mess to make their portfolio shutdown-proof While admittedly there are no stocks 100% tied to U.S. federal spending trends, there are several trades that are likely to do well even in the event of another funding lapse and several obvious victims suffering headwinds amid the political infighting. (news.financializer.com). As reported in the news.

share dw: Speaking after the vote, May said Every day that passes without this issue being resolved means more uncertainty, more bitterness and more rancour, according to Deutsche Welle. The government has heard what the house has said tonight but I ask members on all sides of the house to listen to the British people who want this issue settled, and to work with the government to do just that. She lost by 230 votes as the tally came in 432 members in favor to 202 against her EU withdrawal agreement. Watch video 00 28Now live00 28 mins. May will meet with her cabinet ahead of the vote, and may be called on to resign, given the scale of the defeat. Share ; DW PLAYER.localization rewind Back 10 seconds settings Settings hd Quality fullscreen Full screen cc Closed captions next Up Next up playlist Playlist pause Pause play Play player Video player prev Previous next Next close Close replay Replay volume Volume May reacts to losing Brexit deal vote Labour leader Jeremy Corbyn called the defeat catastrophic and tabled a motion of no confidence in the government which will be held on Wednesday. (news.financializer.com). As reported in the news.

trading partner: Brexit is already causing us damage in output, costs and jobs but this does not compare with the catastrophic consequences of being cut adrift from our biggest trading partner overnight, according to The Independent. A managed no deal is a fantasy, Hawes concluded. This, for example, is what Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders, said on the eve of the meaningful vote As MPs prepare to vote on the government's Brexit deal, we urge them to remember they hold the future of the British automotive industry and the hundreds and thousands of jobs it supports in their hands. To understand the interconnectedness of supply chains, consider that some 1,100 trucks loaded with parts cross the English Channel every single day, to deliver their goods direct to lineside for car giants such as BMW, Toyota, Nissan, Honda, Jaguar Land Rover and Vauxhall. For example, in its journey from a basic casting to its place revving around inside a new Mini Cooper S, a Mini crankshaft will travel from France to the UK to Germany and then back to the UK, and probably then back to the continent to be seen in a showroom. Watch more Brexit deal failure will lead to national emergency', warns CBI chief Today's factories are run on just-in-time principles so any delay, and certainly delays of days or weeks, would cripple production, ramping up costs and shredding thin profit margins. (news.financializer.com). As reported in the news.

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shares rise: Wall Street welcomed the move, sending Netflix shares higher as investors anticipate more revenue for the streaming giant, according to The Guardian. The stock rose as much as 6.8% to 355.50, accelerating a tear that has seen shares rise 40% since 24 December. The subscription price hikes, which constitute a jump of between 13% and 18%, take effect immediately for new customers but will be phased in gradually for existing subscribers over the next three months. Sign up for the US morning briefing The streaming service, which counts 58 million subscribers in the US and has shaken up the traditional model for both television and movie studios, is confident that subscribers will not shy from increased prices. We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members, Netflix said in an emailed statement on Tuesday. Netflix's previous subscription increase in 2017 did little to slow growth, as Netflix added 24 million customers that year. (news.financializer.com). As reported in the news.

tokyo: The Tokyo District Court said in a statement that a request filed by lawyers for his bail release was rejected today . ; Last Friday, prosecutors pressed formal charges against Ghosn over two more allegations of financial misconduct all of which the businessman denies, according to Asahi Shimbun. In a dramatic courtroom appearance last Tuesday, Ghosn denounced the allegations against him, saying he had been wrongly accused and unfairly detained . He has been indicted on two counts of allegedly under-declaring his income by more than nine billion yen US 83 million in total over eight fiscal years in documents to shareholders. The decision means the 64-year-old auto tycoon is likely to stay in custody until his trial, which even his own defence lawyer has admitted could take six months to begin. Ghosn also stands charged with aggravated breach of trust over a complex alleged scheme in which he is said to have tried to transfer foreign exchange losses to Nissan's books. ; His ongoing detention has prompted some international criticism of Japan's legal system, which permits prosecutors to hold suspects while they investigate an allegation, and also allows lengthy pre-trial detention once charges have been filed. In a letter to Human Rights Watch, she sought to press the government to reform its draconian system of pretrial detention and interrogation . But deputy chief prosecutor Shin Kukimoto has defended Japan's investigative procedures, saying he had anticipated overseas criticism. Carole Ghosn, his wife, has alleged her husband is being held in harsh conditions and subjected to round-the-clock interrogations intended to extract a confession. (news.financializer.com). As reported in the news.

transport: And as an act of frustration and protest, thousands of Transport Security Administration TSA officers are calling in sick, creating massive queues at airports around America, according to Nine News Australia. Miami International Airport shut one of its terminals over the weekend to cope with the staffing shortfall, while domestic travellers in Atlanta are being urged to arrive three hours early to allow for longer waits. To improve your experience update it here News World Airport queues, tax returns and border security What the shutdown means By Nick Pearson1 17pm Jan 15, 2019Facebook Tweet Mail For the last three weeks, American airport security officers have been working without pay as a result of the government shutdown. Air travellers endured waits of more than an hour to get through domestic checkpoints at Hartsfield-Jackson International Airport in Atlanta AAP Earlier this month one passenger managed to take a gun onto a flight from Atlanta which was not discovered until the plane landed in Tokyo. What is a government shutdown Related Articles Jailed model who claimed to have proof of Russian collusion deported Trump feels shutdown pressure from economists, Nancy Pelosi Why Trump's politics of turmoil is working for Republicans The shutdown has been caused by a deadlock over government funding in Washington. Activists are calling on the 51,000 security workers to go on strike, a move that would effectively shut down air travel around the United States. (news.financializer.com). As reported in the news.

time: Time to cry, according to MSNBC. Here's all the shit we couldn't cover today Ivanka Trump has another job! This time it's spins job wheel helping to select the next head of the World Bank. It's Tuesday, baby. Congratulations to Ivanka Trump. This time it's spins job wheel political analyst for NBC News and MSNBC. Adweek Former governor and failed Republican presidential candidate John Kasich also got a spin on the job wheel! It landed on CNN, which is the job wheel whammy. New York Times Former Senator Claire McCaskill also has another job. (news.financializer.com). As reported in the news.

abe putin: This apparently indicates that Japan may give up its sovereign claims to the two larger islands Etorofu and Kunashiri because the 1956 document does not mention those two at all, observers say, according to The Japan Times. But Putin also noted after the meeting that the 1956 joint declaration does not specify which country sovereignty of the two islands belongs to. Following are some basic questions and answers about the ongoing Tokyo-Moscow territorial talks What is the focus of the negotiations to come Abe and Putin agreed in their meeting in Singapore last November that they would accelerate talks to conclude a bilateral postwar peace treaty, and that the foundation of their talks would be the 1956 joint declaration signed by the two countries, which stipulates Russia would hand over two small islands Shikotan and the Habomai islet group of the disputed territory. Thus the first major hurdle for Abe to overcome will be to have Putin admit that the sovereignty of at least the two small islands belongs to Japan. Russian media reported Sunday that Maria Zakharova, spokeswoman of the Russian Foreign Ministry, said that the key condition for resolving the territorial issue is Tokyo's unconditional recognition of the outcome of World War II, including Russia's sovereignty over the four disputed islands. Russia, however, has maintained a tough stance as far as public comments have been concerned. (news.financializer.com). As reported in the news.

business community: Inset Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai on January 7, 2019, according to Global Times China. Photos VCG There will be more opportunities for foreign firms to invest in China in 2019, as a result of the Asian country's efforts to create a more favorable environment for global businesses. After four years of planning, Tesla finally broke ground on its planned 5 billion factory. China will certainly create a favorable environment for the business community, Lin Yifu, director of Center for New Structural Economics, said during a yearly event held Thursday under the theme Forecast of China's Economy for 2019. That means there will be more opportunities for foreign firms to make direct investments into China, and the Chinese government will encourage that, added Lin, also a professor and honorary dean of the National School of Development at Peking University. Lin added that China is set to expand more pilot free trade zones. (news.financializer.com). As reported in the news.

class sizes: Months of talks between the union with 35,000 members and the Los Angeles Unified School District ended without a deal, according to The Japan Times. It follows teacher walkouts in other states that emboldened organized labor. Students, we are striking for you, teachers union President Alex Caputo-Pearl told a cheering crowd of teachers marching in pouring rain. ; Members of United Teachers Los Angeles voted last year to walk off the job for the first time in three decades if a deal wasn't reached on issues including higher wages and smaller class sizes. Schools will stay open because the district with 640,000 students has hired hundreds of substitutes to replace teachers and others who leave for picket lines. The district maintained that the union's demands could bankrupt the school system, which is projecting a half-billion-dollar deficit this budget year and has billions obligated for pension payments and health coverage for retired teachers. The union has called it irresponsible to hire substitutes and called on parents to consider keeping students home or join marchers. (news.financializer.com). As reported in the news.

david wagner: This, at least, is no drastically misguided attempt at a Hail Mary from Huddersfield, according to The Independent. It was actually Wagner who told the club he wanted to leave, albeit in the summer. David Wagner left Huddersfield Town on Monday night, long before the end of the season, and before he can have any relegation on his CV. The latter was undeniably on its way given the club are adrift at the bottom of the Premier League, but that is not a surprise, nor is it that the reason he is leaving. Because of that, and the fact presently being a Premier League club makes such a difference to any prospective appointment, Huddersfield have decided to try to bring in a replacement now. Wagner himself genuinely wants what's best for the club, and thereby agreed it might be best to go now. The word reluctantly however, is one repeatedly being used around the situation. (news.financializer.com). As reported in the news.

defence minister: REUTERS/Alkis Konstantinidis The coalition governing Greece for the past four years crumbled on Sunday after Defense Minister Panos Kammenos, head of the Independent Greeks ANEL party, left the government, leaving Tsipras short of an outright majority in parliament and raising the possibility of a snap election, according to The Independent. But investors are relatively confident that Tsipras can win the vote and the market reaction has been muted. Greek Prime Minister Alexis Tsipras attends the swearing-in ceremony of newly appointed Defence Minister and former Chief of Hellenic National Defence General Staff Evangelos Apostolakis at the Presidential Palace in Athens, Greece, January 14, 2019. Even if he loses, it would mean bringing an election scheduled for October forward by a few months, bankers and analysts said. Greek lawmakers will start debating the confidence motion on Tuesday, culminating in a vote late on Wednesday. A positive confidence vote for Tsipras remains the most likely outcome but even the eventuality of snap elections could be viewed as a shortening of the period of uncertainty, said Tasos Anastasatos, chief economist at Athens-based Eurobank. (news.financializer.com). As reported in the news.