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

administration officials: And indeed they may be, according to The Japan Times. But the generally modest growth over this period also reflects what has not been achieved under Abenomics. Since the boom cycle corresponds to the second administration of Prime Minister Shinzo Abe, who returned to the government's helm in December 2012, administration officials are touting the benefits of the extended boom, such as an improved job market and corporate earnings, as the fruits of the prime minister's trademark Abenomics policy. The nation's workforce has increased by 3.75 million during this boom cycle close to the number of jobs created during the asset-inflated bubble boom from the late 1980s to the early 1990s. Listed companies have been posting record profits for several years, and the Nikkei average on the Tokyo Stock Exchange has more than doubled. With brisk demand backed by strong corporate profits, combined with the intensifying manpower shortage in the rapidly graying population, the labor market is now the tightest it has been since the mid-1970s there is an average of more than 1.6 job openings for each job seeker. (news.financializer.com). As reported in the news.

balance sheet: In a statement, the Fed, which raised interest rates four times in 2018, signaled Wednesday that it's on hold until further notice, according to Market Watch. In a separate statement, it also signaled it might slow the pace of the rundown of its balance sheet for technical reasons. We're as happy as anyone that U.S. stocks have rebounded, but we're not mistaking the Fed's easier stance for a sign the clouds have cleared, wrote Nicholas Colas, co-founder of Data Trek Research, in a Thursday note. See Patient' Fed adopts wait-and-see stance as Powell says case for higher rates weakens' Even as investors dived in to equities after the Fed's meeting this week, a simultaneous bond-market rally appeared to offer up a more pessimistic assessment. Yields rebounded Friday, with the 10-year ending at 2.68%, but off 6 basis points for the week. The 10-year Treasury yield TMUBMUSD10Y, 0.73% finished below 2.70% on Wednesday, the first time in three weeks, plunging an additional 6 basis points on Thursday. (news.financializer.com). As reported in the news.

conference room: Japan is attempting to compete with regional rivals including Macau, Singapore and South Korea with the planned casinos. ; Using an average-sized Japanese guest room of 50 square meters, such a hotel would necessitate 2,000 rooms, far exceeding the number of rooms at many of the largest hotels in the country, according to The Japan Times. Other requirements include an exhibition hall with at least 120,000 square meters or a conference room that can hold more than 6,000 people, or a hybrid design that would have both a 60,000-square-meter convention room and a conference room that holds 3,000 people. The requirements, including hotels with more than 100,000 square meters for guest rooms, would necessitate huge investments from local governments and facility operators, and were revealed by the government Friday. The largest exhibition floor space in Japan is at Tokyo Big Sight, with 95,000 square meters, and the largest conference halls, which are in Tokyo and Yokohama, hold around 5,000 people. Advertising for casinos outside the integrated resort will be limited to airports with international flights and terminals at ports. Floor space for casinos is set at below 3 percent of the total resort space. (news.financializer.com). As reported in the news.

core interests: China is willing to enhance communication with Qatar to deepen political mutual trust, Xi said, adding that China supports Qatar in exploring its development path suitable to its own conditions, according to Global Times China. He said China appreciated Qatar's firm adherence to the one-China policy, and thanked Qatar for its firm support on issues concerning China's core interests. Xi recalled the establishment of the strategic partnership between the two countries in Beijing in 2014, saying that many consensuses reached at that time on developing bilateral relations were being implemented in joint efforts, which had brought tangible benefits to the two peoples. Xi called on the two sides to further synergize their development strategies and jointly build the Belt and Road Initiative. The two sides should strengthen exchanges, share experiences and increase cooperation in international anti-terrorism and anti-extremism campaigns, Xi said. The two countries have initially formed a new pattern of cooperation with oil and gas cooperation as the backbone, infrastructure construction as the focus, and finance and investment as the new growth point, Xi said, calling for the progress in cooperation in energy, infrastructure construction, high and new technology, and investment. (news.financializer.com). As reported in the news.

demand question: The Silicon Valley car maker appears to have abandoned the target of producing 10,000 vehicles a week at its Fremont, Calif., factory, the ISI Evercore analysts said, according to Market Watch. It guided instead to 7,000 vehicles a week by the end of the year and pushing the 10,000 goal sometime between fourth-quarter 2019 and second-quarter 2020 through a combined output from the Fremont plant and its Shanghai plant under construction, 7,000 units and 3,000 units respectively, they said. Tesla TSLA, 1.69% reported mixed quarterly results but showed it was leaving intensive care and as usual offering something for bulls and bears, analysts at ISI Evercore said in a note Thursday. Analysts at Goldman Sachs also focused on the demand question. At the low end, the guidance assumes no improvement from fourth quarter's delivery rate, as well as softer comments on Model S/X volumes heading into 2019, they said. The phasing-out of U.S. tax credits and the likely air pocket of demand beginning in the first quarter was apparent in the company's 2019 vehicle guidance, the Goldman analysts said. (news.financializer.com). As reported in the news.

electric-car company: TSLA, 1.69% when the company released quarterly earnings after the stock market closed Wednesday, according to Market Watch. Then at the open Thursday, the shares rallied, leaving the electric-car company up about 8% in the past five sessions. So what else is new This time, we saw a 4% drop for Tesla Inc. Runs like this make it hard to get a read on Tesla. The company turned around a fourth-quarter 2017 loss of 4.01 a share to a profit of 78 cents a share in the three months through December. Even after gloomy Tesla headlines recently, investors were quick to change their mind. (news.financializer.com). As reported in the news.

iranian embassy: I would like to welcome the registration of INSTEX, the long overdue first step by the E3 to implement their May 2018 commitment to save JCPOA Joint Comprehensive Plan of Action said Keshavarz-Zadeh at the celebration of the upcoming 40th national day of Iran at the Iranian Embassy in Beijing, according to Global Times China. He said that although Iran has the legitimate right to quit its commitments under the nuclear deal, Iran has responded positively and stuck to the terms of the deal to show its maximum flexibility and true belief in diplomacy rather than confrontation. Photo Li Sikun/GT Iranian ambassador to China Mohammad Keshavarz-Zadeh hailed the registration of the Instrument for Supporting Trade Exchanges INSTEX on Friday after France, Germany and the UK announced the new mechanism for facilitating legitimate trade with Iran to bypass US sanctions. The Chinese Foreign Ministry spoke highly of the efforts made by EU countries in upholding the JCPOA and supported the creation of INSTEX. This shows that the European side is determined to safeguard multilateralism. The French, German and British foreign ministers on Thursday issued a joint statement on the creation of INSTEX. INSTEX will support legitimate European trade with Iran, focusing initially on the sectors most essential to the Iranian population, such as pharmaceutical, medical devices and agricultural goods. China firmly supports their efforts in sustaining cooperation with Iran, getting INSTEX up and running at an early date, and keeping it open to third parties to promote normal economic and trade cooperation between the international community and Iran, Chinese foreign Ministry spokesperson Geng Shuang said on Friday. (news.financializer.com). As reported in the news.

breakfast cereal: Pandora Mather-Lees, an Oxford-educated art historian and conservationist, started giving lessons after a billionaire asked for help to restore a Jean-Michel Basquiat painting damaged not by sea spray, but by breakfast cereal, according to The Guardian. His kids had thrown their cornflakes at it over breakfast on his yacht because they thought it was scary, Mather-Lees said. But the world's ultra-rich are filling superyachts with so many masterpieces that conservationists are teaching captains and crew how to care for art as well as to pamper passengers. And the crew had made the damage worse by wiping them off the painting. The crew just thought it was some painting, they had no idea it was worth many millions, Mather-Lees told the Observer at a superyacht conference in London last week. She declined to name the owner or identify the artwork, but a Basquiat painting depicting a crazed, skull-shaped face sold at auction for a US record 110.5m 84.5m in 2017. (news.financializer.com). As reported in the news.

chinese student: Investigators took note, according to CNN. They identified the email's writer as Ji Chaoqun, a Chinese student who would go on to enlist in the US Army Reserve. More than two years later, the email would turn up in an FBI probe in the Southern District of Ohio involving a suspected Chinese intelligence officer who authorities believed was trying to acquire technical information from a defense contractor. His email, they say, had nothing to do with exams. Read More The eight -- naturalized US citizens originally from Taiwan or China -- had worked in science and technology. Instead, at the direction of a high-level Chinese intelligence official, Ji allegedly attached background reports on eight US-based individuals who Beijing could target for potential recruitment as spies, according to a federal criminal complaint. (news.financializer.com). As reported in the news.

company: Pictet Bank & Trust Ltd who had been investing in Apple Inc for a number of months, seems to be less bullish one the 787.61B market cap company, according to MSNBC. The stock increased 0.05% or 0.08 during the last trading session, reaching 166.52. The institutional investor held 43,130 shares of the computer manufacturing company at the end of 2018Q3, valued at 9.74 million, down from 45,134 at the end of the previous reported quarter. About 32.67M shares traded. AAPL has risen 0.17% since February 2, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.

light fixings: The paint is peeling, according to The Independent. The stands are lined with dust and ancient discarded beer bottles. It used to take 18 men to operate it, back in the days when as the locals recount - the Antigua Recreation Ground was a heaving hive of flesh and sweat and reggae and dancing and the smell of jerk chicken and flying fish and just the occasional whiff of ganja. Light fixings hang waist-high from the ceiling of the long-disused dressing rooms, and weeds are beginning to grow through the press box that was still being built on its first morning of Test cricket in 1981. Test cricket may have gone from the Rec for a decade, but its ghosts are still everywhere you look. But you can still walk straight through the gates and out onto the turf, the same turf on which Brian Lara knelt and planted a kiss after breaking the world record. (news.financializer.com). As reported in the news.

month: The Kroenke family also own the Rams, who meet the New England Patriots in Sunday's Super Bowl in Atlanta, according to The Independent. 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 Emery replaced long-serving manager Arsene Wenger in the summer, and the Spaniard has slowly started to bring his own style to the team, one which helped him take Sevilla to three successive Europa League triumphs. Josh is the son of the Arsenal owner Stan Kroenke, who became the majority shareholder of Arsenal in April 2011, before assuming full control of the Premier League club last year. Kroenke believes there are a lot of similarities between the Spaniard and the Rams' head coach McVay, who at aged 33 is the youngest to lead a team to the Super Bowl. Ranking every Arsenal player signed since Sven Mislintat's appointment Show all 9 Created with Sketch. Created with Sketch. (news.financializer.com). As reported in the news.

trade talks: State-owned grain trading company COFCO said Saturday that it had again purchased millions of tons of US soybeans, a move to implement the consensus reached by the two countries' top leaders, according to a statement published on its website, according to Global Times China. The latest round of China-US trade talks made important progress for the current stage the two sides had candid, specific and constructive discussions, the Xinhua News Agency reported. File photo VCG Recent trade talks between China and the US have yielded positive results, laying the foundation for reaching a deal before the March 1 deadline and sending out positive signals to global markets. Global markets were cheered up on Friday over progress reached in the latest talks between the world's two largest economies, as the escalated trade war had sent turbulence through the markets and darkened economic outlook worldwide. Soybean futures on the Chicago Board of Trade CBOT rallied almost 2 percent on Friday to a seven-week high after China's commitment to buy more US agricultural products, like 5 million tons of soybeans which US President Donald Trump described as a tremendous purchase. Stock markets posted mixed gains Friday, with US futures set for a modestly higher open, but European shares gave back early gains, according to US financial site thestreet. (news.financializer.com). As reported in the news.

trial: Nissan are plainly running their operations down, model by model, investment decision by investment decision, shift by shift, according to The Independent. 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 Without the new X-Trail model to bolster production numbers, it seems unlikely the Nissan Qashqai will be replaced when the time comes for a new model. This is the beginning of the end for Britain's revived car industry, which everyone involved did do much to build over the past 30 years. Without mass production of such cars, development of the Leaf and other electric vehicles hugely important for the future will also be abandoned. Created with Sketch. Nissan and partner Renault have dozens of plants all over the world to move production to, and they will. (news.financializer.com). As reported in the news.

kim: Vietnam has been floated as the most likely venue for the event, according to The Japan Times. Trump visited Danang in November 2017 for a summit of the Asia-Pacific Economic Cooperation forum. The plan is being finalized, it said, citing a senior Trump administration official and a source familiar with the issue. ; Speaking to reporters Thursday, Trump said he will announce the date and location of his second meeting with Kim early next week, possibly in his State of the Union address scheduled for Tuesday. As Trump works out the details of the Kim summit, he's thinking about adding a possible meeting with China's president to his itinerary. In the first-ever U.S.-North Korea summit last June in Singapore, Kim pledged to work toward complete denuclearization of the Korean Peninsula while Trump committed to providing security guarantees to Pyongyang. The White House hasn't released details on when Trump might meet Xi Jinping as the leaders try to settle a trade war between the economic powers, but Trump told reporters he's considering trying to see Xi when he's in Asia later this month for the expected North Korea talks. (news.financializer.com). As reported in the news.

donald: All market data delayed 20 Investigation Published 3 days ago Donald Trump Jr. calls out Schiff after reports say that blocked phone calls weren't to father By Stephen Sorace Fox Donald Trump Jr. didn't call father about Trump Tower meeting with Russians Donald Trump Jr. late Thursday laid into House Intelligence Committee Chairman Rep, according to MSNBC. Adam Schiff, D-Calif., after reports appeared to vindicate the younger Trump of Democratic suspicions that he made phone calls to President Trump around the time of the Trump Tower meeting with Russians in June 2016. Adam Schiff, D-Calif., after reports appeared to vindicate the younger Trump of Democratic suspicions that he made phone calls to President Trump around the time of the Trump Tower meeting with Russians in June 2016. author type Person name Stephen Sorace publisher type Organization name Fox News logo type Image Object url width 133, height 60 image type Image Object url ve 1&tl 1 width 696, height 392 context http //schema.org/ type Web Page name Donald Trump Jr. calls out Schiff after reports say that blocked phone calls weren't to father speakable type .head1 .speakable url Fox Nation Radio More Expand / Collapse search Login Watch TV Hot Freedoms Fox News News MoviesTV News Music News Style News Entertainment Leaders Lifestyle Food Drink Cars Trucks Travel Outdoors House Home Fitness Well-being Style & Space Planet Earth Wild Nature Natural Games Military Tech Health Healthy Living Medical Research Mental Health Cancer Heart Health Children's Live Full Episodes Show Clips News Clips About Careers College Students Fox Around the World Advertise With UsAd Choices Media Nation Fox News Shop Fox News GoFox News Radio Fox News & Products Fox News New Terms of Use New Privacy Policy Closed Captioning Policy Help This material may not be published, broadcast, rewritten, or redistributed. 2019 FOX News Network, LLC. All rights reserved. Senate investigators obtained phone records which appeared to show that Trump Jr. had actually spoken to two longtime Trump family friends Brian France, the chief executive of Nascar, and the investor Howard Lorber, the New York Times reported, citing two people briefed on the matter. Has anyone heard from Adam Schiff Trump Jr. tweeted. WHAT TO KNOWTrump Jr. responded to the reports on Twitter, knocking Schiff. (news.financializer.com). As reported in the news.

investments inc: Greystone Managed Investments Inc who had been investing in Unitedhealth Group Inc for a number of months, seems to be bullish on the 258.52B market cap company, according to MSNBC. The stock decreased 0.55% or 1.48 during the last trading session, reaching 268.72. The institutional investor held 54,023 shares of the medical specialities company at the end of 2018Q3, valued at 14.37 million, up from 52,225 at the end of the previous reported quarter. About 3.95 million shares traded. It has outperformed by 21.07% the S&P500. United Health Group Incorporated UNH has risen 21.07% since February 2, 2018 and is uptrending. (news.financializer.com). As reported in the news.

leaders: Negotiations between the prime minister and EU leaders seem to have reached an impasse, according to The Guardian. But in the real world, businesses are at breaking point. In the House of Commons, MPs spend hours debating points of parliamentary procedure, but are unwilling to take real decisions about our country's future. I know from my own business career that above all what business needs is certainty. Certainty about their ability to import the parts and raw materials they need without costly tariffs and delays. Certainty about the terms on which they will be able to sell products and services to our largest export market. (news.financializer.com). As reported in the news.

mcdonnell: She can forget it Anna Turley Read more McDonnell said on a visit to Stoke-on-Trent on Saturday The Conservatives introduced pork-barrel politics straight after the general election because they gave a couple of billion pounds to the DUP just to secure their votes, said McDonnell, the shadow chancellor, according to The Guardian. It was something like 100m a vote they spent to get the DUP supporting them, so they already introduced that pork-barrel contractual politics. The shadow chancellor's accusation follows reports that the government is preparing to plough extra funding into deprived areas that supported leave, with the Nottinghamshire MP John Mann claiming that a set of job-creation measures targeted at former industrial towns would make it very difficult for Labour MPs in leave areas to vote against the deal unless they want a second referendum . However, the Redcar MP Anna Turley dismissed the offer of bribes or sweeteners which we know will make those constituencies worse off . Theresa May is trying to bribe the people of Redcar. I think it degrades our political system and to try and extend it in this way, I think it's dangerous for our democracy. It shouldn't be done in return for votes. So what most MPs have said is, actually if there is money there to spend on our constituencies, it should be done anyway. (news.financializer.com). As reported in the news.

rapper: The Grammy-nominated rapper told The Associated Press on Friday evening that she had mixed feelings after she declined to take the stage at Super Bowl 53 in Atlanta, according to The Toronto Star. She said it was a hard decision since her husband, rapper Offset, loves to watch football, but she felt obligated to stand behind Kaepernick because he stood up for minorities. The Associated Press Sat., Feb. 2, 2019 ATLANTA Cardi B said she received an offer to perform at the Super Bowl, but struggled with the decision to turn down the lucrative opportunity in support of ex-NFL player Colin Kaepernick. Last year, Cardi B, above, said she wouldn't take the Super Bowl stage until ex-NFL player Colin Kaepernick gets a job. His kids play football. Matt Sayles / Matt Sayles/Invision/AP My husband, he loves football. (news.financializer.com). As reported in the news.

america merrill: Analysts at Bank of America Merrill Lynch, led by Chief Investment Strategist Michael Hartnett, said consensus is now rushing back to low growth, low rates' playbook of long credit, emerging markets growth stocks, according to Market Watch. Thus far, that has helped to provide further buoyancy to a stock market that was already on the uptrend following a dreadful few months at the end of 2018. Bank of America research analysts on Friday described wagers for interest-rate hikes in 2019 as the most contrarian investment bet in the world, in a popular flow show research report titled Long risk, long leverage, short vol. It is that violent market reaction that resulted in the worst annual returns for the Dow Jones Industrial Average DJIA, 0.26% the S&P 500 index SPX, 0.09% and the Nasdaq Composite Index COMP, -0.25% since 2008. What wasn't expected was the dovish posture. On Wednesday, the plain-spoken Powell made a deliberate case for no further interest-rate hikes, holding federal-funds futures rates in a range between 2.25% and 2.50%, as expected. (news.financializer.com). As reported in the news.

angela merkel: And one of the reasons Mr Altmaier cited for the downgrade was the negative impact of Brexit, according to The Independent. This has led to somespeculation that the alarming weakening of Germany economy it only seems to have narrowly avoided slipping into recession in the second half of 2018 could influence Angela Merkel's stance on Brexit, perhaps inducing Berlin to be amenable to Theresa May's proposals to revisit the Irish backstop in the Withdrawal Agreement. This came on the back of the worst year of GDP growth for Germany 1.5 per cent in 2018 in five years. 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 If German politicians like Mr Altmaier appreciate that their own country's economic self-interest is tightly related to avoiding a no-deal Brexit that could change the terms of trade of the EU-UK Brexit negotiations, goes the thinking. But Andrew Kenningham, a Europe specialist at Capital Economics, is sceptical that a weakening UK economy ahead of Brexit was the primary reason for slowing German growth last year, noting that industrial disruption due to new automotive emissions regulations was influential in the third quarter contraction. But does the logic here stand up How much is Germany's slowdown actually due to Brexit And how damaging would a no-deal scenario even be for Europe's largest economy Watch more Germany slumps to worst growth in five years in 2018 Germany exported around 95bn of goods and services to the UK in 2017, making us the country's fourth largest export market, after the US, France and China. (news.financializer.com). As reported in the news.

balance sheet: Ditto, for the pace of shrinking its balance sheet, according to Global Times China. That's nothing new, in fact that is the norm, yet overly sensitive investors needed the reminder. Stocks rose following the US central bank's comments reiterating that moves on the interest rates, which were left unchanged on Wednesday, depends on economic conditions. The statement from the Federal Open Market Committee sounded more dovish than the one in December. But that's because the economy has changed. Notably, it said the central bank would be patient with any interest rate hikes. (news.financializer.com). As reported in the news.

bombardier transportation: Richard Lautens / Toronto Star According to Metrolinx, the provincial transit agency in charge of the Crosstown, Bombardier has only delivered three, according to The Toronto Star. Bombardier Transportation has not met its contractual obligations to Metrolinx, namely to achieve the preliminary acceptance certificate for the first six vehicles by February 1, 2019, said Metrolinx CEO Phil Verster in a statement. Bombardier delivered the first Eglinton Crosstown vehicle to Toronto on Jan. 8. While Bombardier's delivery times have improved, we are holding them to account, to protect the interests of riders and taxpayers. Read more Former TTC chief Andy Byford slams Bombardier, halts NYC deliveries over train issues Metrolinx cancels Bathurst St. intersection closure amid uproar Metrolinx still waiting for first Eglinton Crosstown vehicle The 392-million vehicle contract outlines financial penalties for late delivery and Verster's statement said Metrolinx will enforce the contract and the financial penalties will be applied. Article Continued Below Verster said Metrolinx expects to receive the next three vehicles over the course of the next couple of weeks. (news.financializer.com). As reported in the news.

canada: Associated Press The department has said that Kovrig, a Canadian diplomat on leave from his job, has received two consular visits, according to The Toronto Star. Canada is pushing for more consular access to both men and has demanded their immediate release. Canada is pushing for more consular access to both Michael Spavor pictured and Michael Kovrig, two Canadians detained in China on allegations of endangering Chinese national security, and has demanded their immediate release. The arrests of Spavor and Kovrig are in apparent retaliation for Canada's December arrest of Huawei chief financial officer Meng Wanzhou at the request of the United States. China has demanded her release and has warned of serious consequences for Canada if it fails to do so. Article Continued Below The arrest of the Chinese telecom giant's executive and her potential extradition to the U.S. to face charges of fraud and conspiracy have angered China, which says she's done nothing wrong. (news.financializer.com). As reported in the news.

earnings releases: It gained 16.73 points the previous day, according to The Japan Times. Buying outpaced selling in early trading on the back of expectations for easing of trade tensions between the United States and China, briefly pushing up the Nikkei average more than 150 points, brokers said. The 225-issue Nikkei average gained 14.90 points, or 0.07 percent, to end at 20,788.39, after rising 216.95 points on Thursday. ; But the Topix index of all first-section issues closed down 2.86 points, or 0.18 percent, at 1,564.63. Both indexes lost upward momentum later, however, as selling to lock in profits gained strength. Foreign investors appeared to step in to buy and sell in response to earnings releases, an official of a Japanese brokerage firm said, noting a pickup in trading volume. Throughout the session, the market saw crosscurrents of buying and selling in response to good and bad earnings reports from major firms, brokers said. (news.financializer.com). As reported in the news.