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

kraft: Consumers, seeking healthier fare, have flocked away from famous products such as Heinz Tomato Ketchup, Jell-O and Kraft Macaroni & Cheese, according to The Guardian. We were overly optimistic on delivering savings that did not materialize, the Kraft Heinz chief executive Bernardo Hees conceded on a conference call with investors, after the company announced it would slash its dividend. The company, which has disclosed that in October it received a subpoena from the Securities and Exchange Commission SEC has been battling pressure on the value of its brands since it came into existence via a 49bn merger in 2015. Investor Warren Buffett's Berkshire Hathaway has been particularly hard hit, losing more than 4bn in a day as shares in Kraft Heinz plunged. Buffett's faith may be seen as a rare misstep. Kraft Heinz is one of Buffett's largest positions, with 325m shares at the end of 2018. (news.financializer.com). As reported in the news.

machine: Earlier this week, Greg Lyall from Sydney's northern beaches was left two voicemails on his home answering machine telling him phone was going to be cut off because NBN was being installed, according to Nine News Australia. The automated call has been reported across the country and prompts people to press one to discuss the matter further or two to have the service disconnected. To improve your experience update it NBN phone scam targeting customers across the country By Matt Dunn Senior Producer12 43pm Feb 22, 2019Facebook Tweet MailA sophisticated NBN robocall phone scam has been targeting areas of the country where installations are currently underway. The scam is targeting areas of the country where installations are currently underway. They left two messages that were the exact same and my first instinct was that they were a scam so I deleted them right away, he told nine.au. Selecting either option will transfer the victim to a call centre where scammers will attempt to get them to hand over personal information. (news.financializer.com). As reported in the news.

var: 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 ; ; body.custom-background background-image background-position left top; background-size cover; background-repeat no-repeat; background-attachment fixed; .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; logo margin 0 0 0px; padding-top 10px; padding-bottom 10px; columns margin 0px 0 0px; footer .widget-area padding 0 0 0px; margin 0 0px; border-bottom 0px solid ececec; footer background-color fff; text-align center; .post h1.title text-align center; The Financial Examiner Trending Business News Economy News Finance News Shareholder Motley Fool Wealth Management Boosted Anheuser Busch Inbev Nv BUD Holding; As Comcast CMCSA Stock Value Rose, High Pointe Capital Management Has Boosted Holding by 482,300Posted by Leslie Harms on February 22, 2019 at 2 49 pm adsbygoogle window.adsbygoogle .push ; Motley Fool Wealth Management Llc increased its stake in Anheuser Busch Inbev Nv BUD by 21.24% based on its latest 2018Q3 regulatory filing with the SEC. Motley Fool Wealth Management Llc bought 13,298 shares as the company's stock declined 21.51% with the market, according to MSNBC. The institutional investor held 75,916 shares of the beverages production and distribution company at the end of 2018Q3, valued at 6.65 million, up from 62,618 at the end of the previous reported quarter. 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. Motley Fool Wealth Management Llc who had been investing in Anheuser Busch Inbev Nv for a number of months, seems to be bullish on the 145.67B market cap company. About 780,817 shares traded. The stock decreased 4.43% or 3.43 during the last trading session, reaching 74.07. (news.financializer.com). As reported in the news.

report: Corporate Wellness Market report would come in handy to understand your competitors and give you an insight about sales, volumes, revenues in the Corporate Wellness industry, assists in making strategic decisions, according to MSNBC. The report contains proven analysis by regions. Planned by the sufficient orderly system, for example, SWOT investigation, the Corporate Wellness market report demonstrates an aggregate appraisal of overall business overview. It reduces the risks involved in making decisions as well as strategies for companies and individuals interested in the market. The development of every segment is assessed along with the forecast of their expansion in the near future. Download FREE PDF Brochure of Corporate Wellness Market Research Report global Corporate Wellness market research includes the decisive analysis by classifying it on the basis of product type, end user, and application segments. (news.financializer.com). As reported in the news.

treaty: Pakistan, a country of 200 million people with a largely agriculture-based economy, fears that India may tamper with the 1960 Indus Water Treaty, brokered by the World Bank, which calls for the unimpeded flow of three other rivers through Kashmir and farther into Pakistan proper, according to The Toronto Star. The treaty has worked despite three wars between the two countries since 1947. Water Resources Minister Nitin Gadkari said that India will harness its share of unused water from three rivers to help Indian states. Our Govt. has decided to stop our share of water which used to flow to Pakistan. Article Continued Below Public pressure is mounting on the Indian government to consider revoking the water treaty if Pakistan did not accept its demand to stop training and arming insurgent groups fighting for Kashmir's independence or its merger with Pakistan. We will divert water from eastern rivers and supply it to our people in Jammu and Kashmir and Punjab, Gadkari tweeted late Thursday. (news.financializer.com). As reported in the news.

chihiro ota: On Wednesday, the key market gauge rose 128.84 points. ; The Topix index of all first-section issues was up 0.03 point, at 1,613.50, according to The Japan Times. It advanced 6.95 points the previous day. The 225-issue Nikkei average climbed 32.74 points, or 0.15 percent, to end at 21,464.23. In the morning, previous gains were pared back. Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc., said mainstay issues attracted purchases amid receding concerns over the U.S.-China trade dispute. But both the Nikkei and Topix indexes swung into positive territory in the afternoon on buying stemming from a media report that U.S. and Chinese trade negotiators are drawing up six memorandums of understanding on major structural issues, market sources said. (news.financializer.com). As reported in the news.

china argentina: But there is a lot more to the country than that, according to Global Times China. After establishing diplomatic relations in 1972, China and Argentina have seen increasing exchanges. Photo Li Hao/GT Editor's Note The first thing that comes to Chinese people's minds when thinking about Argentina is soccer and Lionel Messi. China is Argentina's second largest trading partner and an important source of foreign investment. Although there are differences in distance and culture, the two sides have seen closer ties on all levels. The two countries enjoy a sound momentum of economic and trade relations with broad prospects for cooperation under the Belt and Road Initiative. (news.financializer.com). As reported in the news.

earnings release: Unfortunately, the metric in question is one the company has advised analysts and investors to look to as the best measure of its underlying business, according to Market Watch. The company said the nine-month adjusted EBITDA earnings before interest, taxes, depreciation and amortization figure should have been C 155.2 million 117.8 million but was incorrectly stated as C 69.0 million. The Smiths Falls, Ontario-based company said it is restating one metric in last week's fiscal third-quarter and nine-month earnings release after a formula error in a spreadsheet. The Adjusted EBITDA loss for the three months ended as December 31, 2018 was correct as reported, as were all prior quarters as released, the company said in a statement. Canopy posted its numbers much later than expected last Thursday night, entering the numbers in the Canadian securities regulator's database just before a 45-day deadline elapsed. The news highlights some of the teething problems cannabis companies are facing in the early stages of the new legal sector. (news.financializer.com). As reported in the news.

european commission: If she fails, Britain could crash out of the world's biggest trading bloc on the March 29 exit date, according to The Independent. But the pound could leap higher if she gets a revised deal through parliament, as investors begin to see a path through Brexit that is less harmful to the economy. The British currency has swung wildly in recent sessions as May tries to persuade European Commission chief Jean-Claude Juncker to modify her withdrawal deal and then get the tweaked agreement through the British parliament. Sterling rose 0.3 percent to a day's high at 1.3086 after British finance minister Philip Hammond said that talks with Brussels had been constructive and that lawmakers could vote on a revised deal as early as next week. The source said it was unlikely Britain could secure changes from the EU before a parliamentary vote happens next week. It then fell back when a British government source poured cold water on the prospect of an imminent Brexit deal. (news.financializer.com). As reported in the news.

index funds: Read Opinion Why the mania' for index funds won't derail the stock market This is how Robert J. Jackson Jr., a member of the Securities and Exchange Commission, and Steven Davidoff Solomon, a professor at the University of California, Berkeley, Law School, put it in an article published Feb. 18 in the New York Times But there's a problem The indexes these funds are based on may not be as neutral as they seem, according to Market Watch. The firms that devise these indexes face little regulatory scrutiny and can face significant conflicts of interest, which have the potential to harm American investors. A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias, and possibly manipulation, as interest in those funds has ballooned over the past decade. For instance, MSCI added Chinese issuers to its emerging markets index after what The Wall Street Journal said was pressure from the Chinese government. Jackson and Solomon added in the Times article Conflicts of interest should worry anyone who is invested in index funds, which includes many Americans with retirement accounts. Another conflict is when the index and fund are run by the same managers, which can be the case for highly customized indexes. (news.financializer.com). As reported in the news.

intimidation racism: But if they are to gain a permanent foothold in British politics, they will need to morph into a more normal party, and establish policies that distinguish them from Labour and the Conservatives, according to The Independent. What policies might appeal to both social democrats and liberal conservatives alike Start with this the stale brand of politics practised on both frontbenches is inherently conservative. Bullying, intimidation and racism covert and overt have already persuaded 11 MPs to jump ship, probably to be followed by more in due course. It looks back to a mythic past that never was and never could have been. Labour now seems like something of a 1970s tribute band, champing at the bit to nationalise the public utilities, re-establish a ministry of labour, bring back sectoral wage bargaining and repeal most of the Trade Union Acts. Tories increasingly look askance at the liberal, open and cosmopolitan Britain that is emerging many of them want to shut off the world, raise our borders, reduce immigration, insist on social modes and mores that went out of fashion decades ago. (news.financializer.com). As reported in the news.

market u.s: What drove the market U.S. and Chinese negotiators have started to iron out specific details of a possible trade deal, Reuters reported, citing sources it called familiar with the talks, according to Market Watch. The report said agreements in principle are being drawn up in six key areas forced technology transfers and cyber theft, intellectual-property rights, services, currency, agriculture and nontariff barriers to trade. However, fears about a world-wide slowdown were somewhat tempered by reports that U.S. and Chinese negotiators were beginning to outline a deal to end a long-running trade spat How did major benchmarks fare The Dow Jones Industrial Average DJIA, 0.70% fell 103.81 points, or 0.4%, to 25,850.63 and the S&P 500 SPX, 0.64% shed 9.82 points, or 0.4%, to 2,774.88, while the Nasdaq Composite Index COMP, 0.91% dropped 29.36 points, or 0.4%, to 7,459.71. Negotiators have continued talks in Washington this week, following a round of discussions last week in Beijing. Concerns about slowing global growth were underscored by the release of surveys from Europe and Japan that showed manufacturing contracting in February, with export-dependent German manufacturers reporting the worst drop in activity in more than six years. President Donald Trump earlier said that a March 1 deadline isn't a magical date, which investors took as a sign that tariffs on imports of Chinese goods may not automatically rise next month if progress continues toward a deal. (news.financializer.com). As reported in the news.

memory: The government-backed Innovation Network Corp. of Japan INCJ fund is also considering investing in Toshiba Memory as the company prepares to list on the first section of the Tokyo Stock Exchange, the sources said. ; Toshiba Memory may ask for additional funding of several hundreds of billions of yen from its major creditor banks, which have provided loans of 600 billion, although the amount would depend on the volume of planned investment by INCJ, they said, according to The Japan Times. The Bain-led consortium, which included South Korean chipmaker SK Hynix Inc., bought Toshiba Memory for 2 trillion. Toshiba Memory, a former chip unit of Toshiba Corp. that was sold to a consortium led by U.S. private equity fund Bain Capital last June, will use the 300 billion to buy back preferred shares currently held by four U.S. technology companies in the consortium, including Apple Inc. and Dell Inc., they said. Bain holds 49.9 percent of the voting rights in the chip company, while Toshiba has reinvested some 350 billion to retain 40.2 percent of the rights and Japanese optical glass maker Hoya Corp. has 9.9 percent. Toshiba was forced to sell Toshiba Memory, its crown jewel, to bolster finances after incurring huge losses by its now-bankrupt U.S. nuclear unit Westinghouse Electric Co. Hynix and Apple also own stakes without voting rights. (news.financializer.com). As reported in the news.

i m: I'm saying this clearly and openly Russia will be forced to deploy weapons that can be used against the decision-making centers behind the missile systems that threaten us, Putin said, according to The Japan Times. The United States and Russia raised fears of a new arms race earlier this year when they announced they were pulling out of the Intermediate-Range Nuclear Forces INF treaty, a 1987 deal that limited medium-range missiles. In the speech, he also reached out to Russians with promises of improved living conditions. ; The longtime leader warned Washington against deploying any new missiles in Europe following the collapse of a key Cold War-era treaty, saying Moscow would consider it a serious threat. Washington was the first to announce its withdrawal, accusing Moscow of developing new weapons that violated the treaty, but Putin on Wednesday dismissed the U.S. claims as far-fetched. They included the development of the Zircon missile, with a range of more than 1,000 km 600 miles testing of the Sarmat intercontinental ballistic missile, the deployment this spring of the Poseidon underwater drone system and the recent start of production of Avangard hypersonic glide vehicles. Putin also reeled off a list of weapons programs that he said would give Russia a military edge over the United States. (news.financializer.com). As reported in the news.

month: Whalers will be authorised to harpoon 209 fin whales and 217 minke whales in Icelandic waters every year until 2023, 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 The nation's fisheries minister, Kristjan Thor Juliusson, said these numbers were sustainable and based on the latest scientific research. Despite a declining global market for whale meat and falling public support, the government opted to remain in defiance of the international ban on whaling. Last summer Icelandwas at the centre of controversy after reports it had killed two rare blue/fin whale hybrids and at least a dozen pregnant females. Tragic photos of beached whales Show all 15 Created with Sketch. Created with Sketch. (news.financializer.com). As reported in the news.

photo ic: But the timing of the announcement about the plant, which came just 38 days before the scheduled Brexit, comes after a series of warnings from Japan that it would pull investments if they are no longer economically viable after Britain leaves the bloc, according to Global Times China. We had to consider the rise of electric vehicles and the different speeds at which electric vehicles will be taken up in North America and Europe, said Honda Chief Executive Takahiro Hachigo. Photo IC A view of the Honda dealership in London on Tuesday Photo IC Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over one month before the UK is due to leave the EU. The automaker, which builds more than one-tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars after struggling in Europe. This decision was not informed by Brexit. The announcement came just over two weeks after bigger Japanese car maker Nissan canceled plans to build its X-Trail sport utility vehicle SUV in Britain. Honda, which builds its Civic in Britain and Turkey, said it would stop making the model in both countries. (news.financializer.com). As reported in the news.

vietnam model: It should be acknowledged that North Korea and Vietnam have something in common historically, according to Global Times China. But as a socialist country, Vietnam rolled out reforms in the 1980s and normalized ties with the US in the 1990s, which was later upgraded to a comprehensive strategic partnership. While it is not realistic for North Korea to completely copy the Vietnam model, given its different national conditions and the global environment, Vietnam's experiences may indeed offer some useful insights for North Korea. It is currently one of the fastest growing economies in Asia, with annual GDP growth around 7 percent. It is widely believed that Vietnam's development has greatly benefited from the improved relations with the US. To a certain extent, the US appears willing to use Vietnam's success to convince North Korea into denuclearization. Moreover, Vietnam's high degree of diplomatic flexibility and market openness has earned it close economic relations with the US. Although Vietnam has maintained a trade surplus with the US, the latter hasn't imposed too many restrictions on Vietnam due to the small trade volume. (news.financializer.com). As reported in the news.

britain: And he is expected to launch negotiations soon after the debate with no chance for parliament to stop him, according to The Guardian. Britain is discovering the difficult truth about trade deals Phillip Inman Read more Last month, it emerged that US meat and pharmaceutical firms are demanding that the UK lowers its food and health standards as part of a post-Brexit trade agreement with the US. As many of us feared, Global Britain is at risk of becoming little more than an excuse to slash standards and deregulate in the interests of multinational corporations. He tabled a general debate on post-Brexit trade agreements with the US, Australia, New Zealand and the Trans-Pacific Partnership for Thursday. But something that has slipped by virtually unnoticed is the government's plan to include investor-state dispute settlement ISDS mechanisms in future trade deals. They have led to global corporations taking governments to secretive private arbitration courts in cases that can cost taxpayers billions. ISDS clauses let foreign investors sue national governments for introducing policies that harm their profits. (news.financializer.com). As reported in the news.

canadian bills: Canadian 100 bills are counted in Toronto, Feb. 2, 2016, according to The Toronto Star. The registered retirement savings plan RRSP is one of the best-known tax shelters available to Canadians, particularly in the weeks before the annual contribution deadline, which is March 1 this year. But financial experts say a tax free savings account TFSA is often a better choice over the long run. But financial experts say a tax free savings account TFSA is often a better choice over the long run. Jason Pereira, a partner at Woodgate Financial Inc. in Toronto, says TFSAs are generally the better choice for people with modest or low annual income. Graeme Roy / THE CANADIAN PRESS The problem is, many people don't know what make a TFSA different from an RRSP. A report by Bank of Montreal estimates that 32 per cent of Canadians are in that camp. (news.financializer.com). As reported in the news.

power plants: Iain Conn, the chief executive, said the group faced a huge number of headwinds including the price cap, reduced gasfield production and several of its nuclear power plants being offline, according to The Guardian. Ban gas boilers in new homes by 2025, says Committee on Climate Change Read more The company lost 742,000 of its 25 million household energy customers last year, although the figure is about half the losses in 2017. Shares in Britain's biggest energy company dropped more than 10% after the company lowered its cashflow outlook for 2019, leading investors to fear Centrica's dividend could be cut. While the group's profits were up 12% in 2018 to 1.39bn, its home energy unit profits fell 18% to 668m. He was strongly critical of the cap, which he said had been set at a level that was stopping companies investing. Conn said customer numbers had remained stable in 2019 so far. (news.financializer.com). As reported in the news.

process: Queensland government officials have been increasingly cautious when speaking publicly about the Adani Carmichael mine, and none has previously put a timeframe on the approval process, according to The Guardian. Late on Thursday, the Department of Natural Resources, Mines and Energy released a brief statement distancing the government from Chestnutt's comments, which it said were not sanctioned. Caoilin Chestnutt, a former coal executive with Anglo-American whose job is to encourage resources investment in Queensland, reportedly made the comments after speaking at the Coaltrans conference in New Dehli on Wednesday. She is not authorised to speak about any specific environmental approvals as the Department of Environment and Science is the appropriate organisation, a spokesman said. Afterwards she spoke with a Reuters reporter, Sudarshan Varadhan, who asked about the outstanding approvals for the Carmichael mine. Guardian Australia understands Chestnutt gave a presentation about resources opportunities, including in the Galilee Basin, and did not field questions on stage. (news.financializer.com). As reported in the news.

westpac forecasts: Greg Brave, Adobe Stock- AUD slumps after reports of Chinese coal ban hit currency.- And as Westpac forecasts two RBA rate cuts to hit in 2019.- Overshadowing hopes of an end to U.S.-China trade war, according to Xinhua China. The Australian Dollar collapsed Thursday after Reuters reported that customs officials managing some Chinese ports are no longer allowing Australian coal into the country and after a leading economist forecast the Reserve Bank of Australia RBA will cut its interest rate twice this year. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification. Reuters reported Thursday that customs at China's northern port of Dalian have banned all imports of Australian coal and that they are imposing a quota on imports from other sources, citing an unnamed Dalian Port Group official. These high quality inputs allow Chinese steel mills to reduce emissions and increase productivity, says Vivek Dhar, a commodity strategist at Commonwealth Bank of Australia. Australian iron ore and coking coal is generally better quality than the rest of the world. (news.financializer.com). As reported in the news.

apple aapl: Chatterjee highlighted several recent leadership announcement at Apple AAPL, -0.56% that might help drive changes at the company, according to Market Watch. Apple's former head of Siri efforts is no longer leading that group, and the company brought in a smart-lock expert to run its home-products business. We believe investors are looking forward to the firm exploring inorganic opportunities in services, potentially accelerating the transformation to services and helping offset the headwinds from the maturing smartphone cycle, J.P. Morgan's Samik Chatterjee wrote in a note to clients on Wednesday. Don't miss Disney overtakes Apple in survey of most intimate' brands Investors will be closely monitoring the latest management changes over the weekend and are hopeful it will trigger progress towards leveraging the balance sheet for M&A, Chatterjee said. In a note published earlier this month, Chatterjee floated a couple of companies that might be logical acquisitions for Apple, including smart-speaker maker Sonos Inc. The company reportedly purchased Pullstring, a company that allows for the creation of voice apps, according to an Axios story from Friday. (news.financializer.com). As reported in the news.

gold futures: The minutes revealed that several officials saw the need for more interest-rate hikes if inflation came in above forecasts, while others said hikes would be needed if the economy evolved as expected, according to Market Watch. The Fed had surprised markets late last month when it abruptly put future rate moves on hold. In electronic trading, following minutes of the Federal Reserve's January meeting, gold futures edged lower from the settlement to 1,342.50 an ounce. Read Comments from Fed's Mester shows balance sheet decision may come as early as March Ahead of the Fed news, gold for April delivery on Comex GCJ9, 0.02% rose 3.10, or 0.2%, to settle at 1,347.90 an ounce after touching a high of 1,349.80. March silver SIH9, 0.37% added 21 cents, or 1.3%, at 16.177 an ounce, following a 1.4% rise Tuesday. The most-active contract posted its highest finish since April 19, according to Fact Set data. (news.financializer.com). As reported in the news.

investor interest: The proposal expands a so-called testing-the-waters technique to all potential public companies so they can gauge institutional investor interest in advance of an IPO filing, according to Market Watch. The benefit is currently available to only to emerging growth companies or EGCs generally companies with less than 1 billion in annual revenue. On Tuesday the SEC issued a proposal that would give another benefit of the 2012 JOBS Act to all companies. It was an idea that Congress pursued in the stalled JOBS Act 3.0 legislation. The testing the waters provision would be extended to all issuers, including investment company issuers. According to a Wall Street Journal article, about a quarter of EGCs that went public in 2016 and were eligible to test the waters took advantage of the benefit by sharing details about revenue sources, corporate strategy, and the background of top management. (news.financializer.com). As reported in the news.

japan: Speaking at a news conference Wednesday, Junichiro Hironaka said as with the world closely watching developments in the case, he is concerned it could signal that Japan is unpredictable and excessive in what it allows authorities to do to individuals, in terms of conducting business. ; For the rest of the world I think the case could leave the shocking impression that in Japan, even in a matter that should be discussed and handled internally by a company, such proceedings could turn into a criminal case and one could be detained out of the blue, Hironaka told reporters at his first media appearance since his appointment, according to The Japan Times. This is a significant problem for Japanese businesses, he said. Chairman Carlos Ghosn could damage Japan's reputation as a place to do business, according to the veteran lawyer leading his defense team who maintains he is certain his client is innocent. On Nov. 19, the Tokyo District Public Prosecutor's Office arrested the 64-year-old Brazilian-born French auto executive when he arrived at Haneda airport, on suspicion of underreporting his income. Issues that needed to be dealt with internally have somehow been brought to prosecutors. The prosecutors subsequently arrested him again on two additional counts of financial misconduct, including allegedly understating his income on a different occasion and aggravated breach of trust for the alleged transfer of private investment losses to Nissan during the global financial crisis in 2008. (news.financializer.com). As reported in the news.