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

american witnesses: Later that night, at a dinner, Mr Trump pulled up a seat next to Russian President Vladimir Putin to talk without any American witnesses at all, according to The Independent. Their third encounter was in Vietnam, when Mr Trump seemed to take Mr Putin's word that he had not interfered in U.S. elections. President Donald Trump took his interpreter's notes afterwards and ordered him not to disclose what he heard to anyone. A formal summit followed in Helsinki, where the two leaders kicked out everyone but the interpreters. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial Mr Trump has adamantly insisted there was no collusion with Russia during his 2016 presidential campaign. Most recently, they chatted in Buenos Aires, Argentina, after Mr Trump said they would not meet because of Russian aggression. (news.financializer.com). As reported in the news.

assembly line: Speaking to an audience of Alabama politicians and aerospace workers, Chief Executive Tom Enders hailed a day of pride for Airbus at a ceremony peppered with patriotic U.S. references and highlighting other investments in helicopters and satellites, according to The Japan Times. There has been an increase in aerospace investment in the southeastern United States, where U.S. rival Boeing Co. has a plant assembling long-haul 787 Dreamliners in South Carolina. The European plane-maker said it would invest 300 million and create 400 jobs in the plant, to be built in the port of Mobile alongside an existing assembly line for its best-selling A320 passenger jet, which already employs 700 people. ; Alabama and the city of Mobile would provide a total of some 26 million in state and municipal incentives to support the development, officials said. Airbus plans to use the Mobile site to assemble the 110-130-seat A220 for U.S. airlines, which have ordered 250 of the planes including 135 since Airbus took control last July. Although Boeing ultimately lost its trade case, Airbus said it still made sense to serve U.S. demand from the Alabama site. The decision to produce some A220's in the United States was initially seen as a trade boost for Canada after Boeing accused its developer Bombardier Inc of dumping the foreign-made jet at low-ball prices to win a deal with Delta Air Lines Inc. (news.financializer.com). As reported in the news.

brexit deal: The euro was at 1.1393-1393, down from 1.1469-1470, and at 123.74-75, down from 124.62-63. ; After moving around 108.60-70 in early trading, the dollar fell below 108.40 in line with a drop in the benchmark 225-issue Nikkei stock average, according to The Japan Times. The greenback rose back to around 108.50 toward noon thanks to buybacks, traders said. At 5 p.m., the dollar stood at 108.60-61, almost unchanged from 108.65-65 at the same time on Tuesday. In the afternoon, the U.S. currency moved narrowly around the threshold amid a dearth of major fresh trading incentives. Tuesday's rejection by the British Parliament of the Brexit deal between the government of Prime Minister Theresa May and the European Union wasn't surprising and had almost no impact on dollar-yen rate movements, said an official of a foreign exchange margin trading service company. In late trading, the dollar firmed to around 108.60 on the back of higher long-term U.S. interest rates, traders said. (news.financializer.com). As reported in the news.

cannabis business: For many of the world's biggest cannabis businesses, the only viable option to capture enough of Canada's legal recreational market is to grow their own marijuana, an operation many say they would prefer not to undertake, according to Market Watch. But in California, where state lawmakers have allowed a slow process of moving an estimated 68,150 cannabis farmers into the legal market, a relatively new form of cannabis business has emerged a middleman that does not grow pot itself, but rather distributes it. As marijuana finds legitimacy, it may end up producing the same kind of system, judging by a California company that has emerged as a powerful distributor with revenue totals that rival some of the largest pot companies. Flow Kana, one of the largest legitimate cannabis distributors in California, has built relationships with more than 100 farmers in the state's Emerald Triangle a region consisting of Humboldt, Mendocino and Trinity counties, renowned for their pot-growing prowess and expected to finish 2018 with revenue of 27.5 million, according to information provided to prospective investors that Market Watch obtained. Flow Kana spokeswoman Cate Powers declined to comment on the documents Market Watch obtained. Flow Kana is burning through cash fast, though, with 78% of its projected going to costs related to its plan to become one of the country's largest weed businesses The company expects revenue to balloon to 2.26 billion by 2022, and profitability to arrive in 2020. (news.financializer.com). As reported in the news.

development: The continuing China-Africa cooperation is not just meant to deepen their traditional friendship, but is also needed to support the economic development in the African continent, according to Global Times China. With the accelerating economic development, industrialization and urbanization in Africa, funds have been continually injected into various African countries. As a diplomatic tradition, the Chinese foreign minister has visited Africa first each year, for the past 29 consecutive years. At present, China is the largest investor in the continent, with its investment covering many development areas. Subsequently, 37 African countries and the AU signed the B&R cooperation documents with China, which agreed to take the opportunity of B&R to deepen the cooperation and assist in supporting developmental demands of the region. For this reason, during the 29th Summit of the African Union AU held in 2017, several senior AU officials said that the connection between AU's 2063 Agenda and the Belt and Road B&R initiative should be strengthened. (news.financializer.com). As reported in the news.

ford vw: The tie-up, which starts with sales of vans and medium-sized pickups in 2022, will not involve a merger or equity stakes, the companies said. ; It is no secret that our industry is undergoing fundamental change, resulting from widespread electrification, ever stricter emission regulation, digitization, the shift towards autonomous driving, and not least the changing customer preferences, Volkswagen Chief Executive Herbert Diess told reporters and analysts on a conference call, according to The Japan Times. Carmakers around the globe therefore are investing heavily to align their portfolios to future needs and accelerate their innovation cycles, he added. Ford and VW announced their partnership against the backdrop of the Detroit auto show. In such an environment, it just makes sense to share investment. Investors are now focused on the potential for additional deals they believe could offer greater savings. A deal centered around vans and pickups had been expected. (news.financializer.com). As reported in the news.

investor input: Yelp said it is focused on taking disciplined actions to achieve sustained, long-term growth and create shareholder value, according to Market Watch. Yelp is open to hearing any ideas and investor input, including from SQN, the company said in a statment. YELP, 1.34% ran up 2.9% in morning trade Wednesday, after the online business-review database responded to investor SQN Investors's presentation criticizing the company's performance and pushing to unlock value. We remain willing and open to meeting with SQN to hear their perspectives on the topics they have previously raised, all of which are items on which the Board has already been engaged. SQN said successful implementation of its recommendations could boost the stock price to 55 to 65, which is 57% to 86% above Tuesday's closing price of 34.97, while an immediate sale to a private equity partner could push the price up to 47 to 50. SQN said earlier that the 5-year history of Yelp's underperformance appears set to continue under the current board. (news.financializer.com). As reported in the news.

bottling room: That means government employees can't issue the permits needed for the beer to flow, according to The Toronto Star. Trevor Stevens works in the bottling room at Lakefront Brewery in Milwaukee. The partial shutdown halted operations at the federal agency that regulates alcohol production and distribution. The federal shutdown is impacting the Alcohol and Tobacco Tax and Trade Bureau, which approves licenses for new breweries, some ingredients and labels for beers sent out of state. Brewers are increasingly nervous that they will lose money if brewery openings and seasonal beers are delayed much longer in the dispute over President Donald Trump's demand for taxpayer funding of a wall along the border with Mexico. Carrie Antlfinger / The Associated Press I've been joking with people that if you're going to want a new beer coming out pretty soon, you're going to have to drink your brother-in-law's homebrew, said Russ Klisch, founder and president of Lakefront Brewery in Milwaukee. (news.financializer.com). As reported in the news.

county: Amalgamation hasn't shown any of the results that have been promised over the years, says Darren White, the Melancthon mayor who also serves as warden of Dufferin County, according to The Toronto Star. Alexandra Heck / Metroland file photo While some may have let out a sigh of relief to notice Dufferin County left off that list, others are left wondering whether it feels like the county has already been predestined as a dumping ground for any municipal loose ends created by the review at Queen's Park It does but nobody seems to know what. Among the 82 municipalities and nine regional governments Premier Doug Ford and his Progressive Conservative regime seek to review for greater efficiencies are Dufferin's municipal neighbours in Peel Region and Simcoe County. Everybody is very tight-lipped at the province. That is a concern, he added. I don't know that us being pushed into an alliance with other bits and pieces would work very well either, said Dufferin County Warden Darren White. (news.financializer.com). As reported in the news.

dealover brexit: The CBI's deputy director general, Josh Hardie, said it was very very, concerning that the divisions in the Tory party had hardened so much, according to The Guardian. Unless MPs woke up to reality and shifted their position, Britain would be hurtling towards an historic act of self harm in the shape of a no dealover Brexit, he claimed. As the prime minister, Theresa May, ruled out staying in a customs union despite pledging to reach out to her opponents after her historic defeat on Tuesday in the Commons, the Confederation of British Industry launched yet another appeal asking MPs to shift position and compromise. Brexit anxiety drags UK economy almost to standstill Read more Hardie said Our competitive advantage is being eroded already. Companies have contingencies to be triggered at three months, two months, one month to go. The majority of contingency plans are already being executed. (news.financializer.com). As reported in the news.

facebook post: The brave five-year-old travelled to Mexico several times to treat a rare cancer called Diffuse Intrinsic Pontine Glioma DIPG . In a Facebook post tonight, her family revealed Annabelle had died, according to Nine News Australia. Annabelle Potts had a two-year battle with a rare brain cancer. To improve your experience update it hereLIVE SCORESAUSTRALIA vs INDIA - 3rd ODINews National Canberra girl Annabelle Potts dies of cancer By Nick Pearson7 31pm Jan 16, girl Annabelle Potts, who has been travelling to Mexico for experimental cancer treatment, has died, her family has announced. Facebook Our hearts were broken two years ago with Annabelle's DIPG diagnosis. She left us quickly and peacefully. This morning our hearts were shattered to pieces when we lost our darling Annabelle, her mother Kathie wrote. (news.financializer.com). As reported in the news.

policy changes: However, other than measures to enable easier market access for foreign investors, there is a vital missing piece in the country's efforts to appeal to foreign investors, namely, the lack of a sound derivatives market, according to Global Times China. It is high time the country put in place a well-functioning financial market for derivatives. In a fresh attempt to open the door to the mainland equity market, the State Administration of Foreign Exchange SAFE the foreign exchange regulator, announced on Monday that it would double the quota for the Qualified Foreign Institutional Investor QFII program to 300 billion. In fact, the existing 150 billion quota under the QFII scheme, one of the earliest policy changes to facilitate the country's capital market opening, has yet to be used up. As of the end of December 2018, overseas investors received quotas worth 101.06 billion, slightly higher than 100.56 billion at the end of November, per SAFE data. This indicates foreign investors' hesitancy about investing in the mainland's equity market. (news.financializer.com). As reported in the news.

sides need: Both sides need to work together to resolve this, according to Global Times China. On September 30, 2011, Myanmar's ex-president Thein Sein wrote to the parliament abruptly announcing the temporary suspension of the project. The Myitsone Dam is a hurdle in the way of China-Myanmar relations and an obstacle to Myanmar's economic development and attracting foreign investment. The sudden move caused huge economic losses to China. The stalled Myitsone Dam project is a symbol of slow economic development in the northern region in the past seven years. Chinese companies had invested in the 3.6 billion project with a total installed capacity of 6 million kilowatts that began construction in 2009. (news.financializer.com). As reported in the news.

trade deficit: He finds it odd to see so much optimism in the face of plenty of political disarray a U.S. shutdown entering its 26th day and the U.K. in the grips of a seemingly never-ending Brexit nightmare, according to Market Watch. And, and After nearly a year into a trade war, it appears the only thing the U.S is set to gain is an even larger trade deficit with China. That's how Jones Trading's Michael O'Rourke describes recent action for equity markets, which he says have been overtaken by mechanical trading that defies all logic. Global industrial production and global manufacturing PMIs are rolling over, he writes in a note to clients. Caption outside of wrapper for normal article images But then others, like Cracked Market's Jani Ziedins, says those gains are pretty easy to explain. Cats and dogs. (news.financializer.com). As reported in the news.

tuesday night: May's crushing loss on Tuesday night and looming no-confidence vote triggered political upheaval that meant investors paused to assess their next options, putting pressure on UK-focused exchange-traded funds, according to The Independent. A Tokyo-traded FTSE 100 ETF was down about one percent on Wednesday. Sterling sunk to trading at 1.2855 on the dollar early on Wednesday, having steadied after a tumultuous overnight session. While the margin of May's loss was a surprise, the defeat itself was something the market had been pricing in for a long time and it appears that participants covered shorts in the pound after the vote, said Yukio Ishizuki, senior currency strategist at Daiwa Securities. In the longer run it may boil down to two scenarios a no-deal Brexit or no Brexit at all. The market is now factoring in the March Brexit deadline being extended. (news.financializer.com). As reported in the news.

vitter: Vitter, who has registered as a foreign agent, lobbied with several countries' ambassadors and the Treasury Department to ease punishing sanctions imposed on major aluminum firms tied to oligarch Oleg Deripaska, according to The Independent. After the Treasury Department agreed last month and eased the sanctions, Vitter was spotted in the Senate ahead of critical votes taking aim at the Trump administration move. David Vitter is lobbying on behalf of companies linked to a Russian oligarch with ties to President Vladimir Putin, aligning himself with Trump administration efforts to ease sanctions on his clients, according to documents filed with the Justice Department. Deripaska restructured his ownership in the firms to win over the Trump administration, which argues the oligarch's influence in his firms will be sufficiently limited in the new arrangement. Democrats ratchet up pressure on Republicans over Trump's Russia policy The concerns culminated in a dramatic Senate vote Tuesday when 11 Republicans broke ranks and joined Democrats to advance a measure seeking to reimpose the sanctions. But the restructuring deal has prompted sharp scrutiny on Capitol Hill since shares now will be distributed to Deripaska's family, a foundation he started and a Kremlin-linked bank sanctioned by the US government, according to documents provided to Congress. (news.financializer.com). As reported in the news.

shane heath: By Tuesday, he was online selling 15-serving tins of the dry drink mix he dubbed Mud Wtr for 30 each, according to The Guardian. Six months later, revenues exceeded six figures, he says, and with the start of the new year, we secured a million-dollar investment fund and moved into an office in Los Angeles . Shane Heath of Mud Wtr. Over the weekend I designed the brand, ordered a minimal amount of inventory, and put up a website, says Heath. Photograph Mud/Wtr Mushrooms are having a moment. Whole Foods named so-called functional mushrooms used for centuries in traditional medicine, as one of the top 10 food trends of 2018. And the market goes far beyond the portobellos, shiitakes and button mushrooms you find in the produce section. (news.financializer.com). As reported in the news.

hotel: Instead, his cool-head and quick-thinking stopped him - and others from being injured, or worse, according to Nine News Australia. The Australian PR whiz was inside his office in the Kenyan capital Nairobi when four militants launched a devastating assault on a hotel, restaurant and office complex. To improve your experience update it hereLIVE SCORESAUSTRALIA vs INDIA - 3rd ODINews World'I really don't know how I'll respond' Aussie survives Kenya hotel attack By Matt Bachl Sarah Swain6 39am Jan 17, 2019Facebook Tweet Mail As a gang of al-Shabaab terrorists fired semi-automatic guns and detonated their bombs, Simon Crump didn't lose his wits. Simon Crump, pictured left, works in the compound AAP Mr Crump spoke to 9News from Kenya. 9News Since then a total of 21 people have been confirmed as killed in the attack, which started with car bombs and was followed by at least four armed men who invaded the hotel and shops. Simon, like the 20 or so others who were working inside the shared office space, made a run for it. I heard the explosion, followed by some gunshots, which obviously isn't a good sign and not something you want to hear on a Tuesday afternoon, Simon told 9News. (news.financializer.com). As reported in the news.

impact: Canada's Communications Security Establishment is asking employees to consider the impact of their work on Canada's reputation, according to The Toronto Star. Activity perceived as violating these norms could undermine CSE's legitimacy with the public and create diplomatic pressure on the Canadian government, an internal document says. The Communications Security Establishment's updated risk framework asks their employees to weigh the benefits of electronic eavesdropping against the damage it could cause to Canada's reputation and Canadian public opinion. Sean Kilpatrick / THE CANADIAN PRESS Foreign entities and the Canadian public have expectations about legitimate or acceptable signals intelligence conduct, stated the risk framework, released under access to information law. Activity perceived as violating these norms could undermine CSE's legitimacy with the public and create diplomatic pressure on the Canadian government. It is important to consider how an activity would reflect on CSE and Canada's reputation in comparison to what we say we do. (news.financializer.com). As reported in the news.

options: OneSignal ; One Signal.push function scope '/' ; var one Signal options ; one Signal options; true; true; ; Join Wall Street's Brightest Minds. ; Receive research in your inbox from top analysts, before the market opens, according to MSNBC. Click here to learn how. ; ; ; function document Init OneSignal var one Signal elements var function event event.prevent Default ; ; for var i 0; i i false ; if document.ready State 'complete' document Init OneSignal ; else function event document Init OneSignal ; ; header search float right; logo margin 0 0 0px; padding-top 10px; padding-bottom 10px; .post h1.title text-align center; columns margin 0px 0 0px; .widget h3.title, sidebar .tabberlive, articles .head title, h3.archive title, ul.dropdown li ul text-align center; border-top 0px; .hr border-top 0px solid EEE; footer .widget-area padding 0 0 0px; margin 0 0px; border-bottom 0px solid ececec; ul.dropdown .current page item a, ul.dropdown .current-cat a, ul.dropdown .current-menu-parent a, ul.dropdown .current page item a, ul.dropdown .current-cat a, ul.dropdown .current-menu-item a color 154A7F; footer background-color fff; text-align center; The USOur Team Contact Comcast Cl CMCSA Share Value Rose While Academy Capital Management Decreased Holding; Ashmore Wealth Management Position in Illinois Tool Works ITW Raised by 8.31 Million as Share Price Declined Posted by Leroy Gutman on January 16, 2019 at 5 25 pm Ashmore Wealth Management Llc increased its stake in Illinois Tool Works Inc ITW by 23.76% based on its latest 2018Q3 regulatory filing with the SEC. Ashmore Wealth Management Llc bought 58,907 shares as the company's stock declined 8.28% with the market. OneSignal window. The institutional investor held 306,846 shares of the industrial machinery and components company at the end of 2018Q3, valued at 43.30 million, up from 247,939 at the end of the previous reported quarter. The stock increased 0.01% or 0.01 during the last trading session, reaching 130.1. Ashmore Wealth Management Llc who had been investing in Illinois Tool Works Inc for a number of months, seems to be bullish on the 43.17B market cap company. (news.financializer.com). As reported in the news.

switches: The directors have instead agreed to flog the regional airline's assets almost immediately at the same price to the same bidder, a consortium comprising Virgin Atlantic, Stobart and investment firm Cyrus, according to The Guardian. Is that even legal at a public company It seems it is, or rather it will be on Thursday, which is when Flybe switches its stock market listing from premium to standard status. Shareholders, still reeling from the board's decision last Friday to accept a takeover offer at 1p a share, or just 2.2m, have now learned they won't get a meaningful vote on the deal. The latter does not require shareholders to approve major asset sales. Simon Laffin, chairman for the past five years so in the cockpit for most of Flybe's descent to 1p should have treated his investors more courteously. Flybe dropped its bombshell in a clunky statement that barely bothered to explain what has changed since last Friday to require a revised rescue plan to be forced through in a hurry. (news.financializer.com). As reported in the news.

africa asia: Company Careers Diversity & Inclusion Philanthropy & & Facts Financial Products Bloomberg Terminal Bloomberg Tradebook Bloomberg Briefs Bloomberg Indices Bloomberg SEFBloomberg Institute Enterprise Products Enterprise Solutions Trading Solutions Bloomberg Vault Bloomberg Polar Lake Media Bloomberg Bloomberg Politics Bloomberg View Bloomberg Gadfly Bloomberg Television Bloomberg Radio Bloomberg Mobile Apps News Bureaus Customer Support Americas 1 212 318 2000Europe, Middle East, & Africa 44 20 7330 7500Asia Pacific 65 6212 1000 Communications Press Announcements Press Contacts Industry Products Bloomberg Government Bloomberg Law/BNABloomberg Big Law Bloomberg New Energy Finance Media Content Service Bloomberg Live Conferences Follow Bloomberg Customers Bloomberg Anywhere Remote Login Download Software Service Center, according to The Independent. We combine Bloomberg's global leadership in business and financial news and data, with Quintillion Media's deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India's sophisticated audiences. (news.financializer.com). As reported in the news.

ai-assisted services: Here they go again, according to The Japan Times. This is the third AI boom in Japan. The second Kansai AI and Business Automation Fair features such AI-assisted services as robotic process automation-based labor saving and developing industrial robots with deep learning technologies. Unlike the first two booms in the 1950s and '80s, however, this time seems to be real. Unfortunately, in the case of Japan it only happens in the private sector. ; As a political scientist specialized in national security strategies, I am not satisfied with such AI applications in Japan. Recent technological breakthrough in image recognition, deep learning and big-data processing capacity is making this happen. (news.financializer.com). As reported in the news.

benchmarks fare: How did major benchmarks fare The Dow Jones Industrial Average DJIA, 0.59% rose 155.75 points, or 0.7%, to 24,065.59, according to Market Watch. The S&P 500 index SPX, 0.22% gained 27.69 points, or 1.1%, to 2,610.30, its first close above 2,600 since Dec. 13. News of a fresh round of stimulus in China have also helped to calm fears about the impact of slower Chinese growth on the global economy. Analysts have suggested that if the large-cap index manages to secure a foothold above 2,600, it is a sign that the market has successfully digested the bulk of the selling pressure that contributed to a sharp December selloff for equities. All three main stock indexes posted their first gains since Thursday. The Nasdaq Composite Index NQH9, -0.45% advanced 117.92 points, or 1.7%, to 7,023.83, closing above the key 7,000-mark for the first time since Dec. 13. (news.financializer.com). As reported in the news.

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.