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

office: Huawei pleaded not guilty in a Seattle court Thursday morning to charges related to theft of intellectual property from American tech company T-Mobile, according to The Toronto Star. David Ramos / Getty Images Huawei chief financial officer Meng Wanzhou arrives at a parole office in Vancouver in December 2018. Company lawyers entered not guilty pleas to charges including theft of trade secrets, wire fraud and obstruction of justice, according to the U.S. Western District of Washington's online court records. The deadline for a decision on her extradition is expected March 1. A jury trial has been scheduled for March 2, 2020. DARRYL DYCK / The Canadian Press The case centres around allegations Huawei deliberately stole technology from American wireless company T-Mobile, which was developing a robot. (news.financializer.com). As reported in the news.

signature campaign: So it's not going to happen, according to The Toronto Star. Mayor John Tory's staff members are fond of pointing out that holding property tax increases to the rate of inflation was one of his signature campaign promises, Edward Keenan writes. This includes Mayor John Tory, whose staff are fond of pointing out that holding property tax increases to the rate of inflation was one of his signature campaign promises. Andrew Francis Wallace / Toronto Star file photo That didn't stop researchers at the Ryerson University Centre for Urban Land Research from tackling the question. In straight-up dollars paid, only five out of 29 municipalities in the GTA charge less than Toronto. They concluded that, by regional standards, Toronto has very low property taxes. (news.financializer.com). As reported in the news.

republicans: The Democrats' 2020 presidential hopefuls are latching onto an array of far-left ideas at a quickening pace months before the primaries even start -- stirring hope from Republicans that the eagerness to endorse proposals with limited appeal beyond the hardcore base could turn off voters in the general election and hand President Trump a second term, according to MSNBC. The trend started last year as potential 2020 hopefuls backed ideas like abolishing Immigration and Customs Enforcement ICE and Medicare-for-all. All market data delayed 20 1 day ago From reparations to Green New Deal, liberal litmus tests put 2020 Dems in risky territory By Adam Shaw Fox the 2020 election come down to capitalism vs. socialism Democratic candidates are challenged with walking a fine line between pleasing liberal primary voters and appealing to the larger population in a general election. But that was just the start. Kamala Harris, D-Calif., and Elizabeth Warren, D-Mass., as well as former San Antonio Mayor Julian Castro have come out in favor of reparations for black Americans. Candidates have lurched further left this year as they make their White House bids official, flirting with everything from slavery reparations to the destruction of existing border wall.PENCE, AT CPAC, 'THAT SYSTEM IS SOCIALISM'In recent weeks, Sens. (news.financializer.com). As reported in the news.

tories: Watson said of the settlement on Friday This is a scandalous, needless, reckless waste of public money caused by the Tories' gross failure in Brexit negotiations and their botched effort to prepare for the disastrous folly of a no deal which shouldn't even be on the table, according to The Guardian. The government reached the 33m agreement with Eurotunnel just hours before a four-day trial was due to start, threatening to heap more embarrassing revelations on Grayling. The deputy Labour leader, Tom Watson, said heads must roll after the latest chapter in the fiasco, in which the startup company Seaborne Freight was awarded a 14m contract to open a new UK-EU ferry route for emergency medical supplies in the event of a no-deal Brexit, even though it had no ships and no port contract. On Friday, Labour claimed that decisions made by Grayling in various government departments had cost the taxpayer 2.7bn, including 2bn on the cancellation of Virgin's East Coast rail franchise and 800,000 on consultants' fees to assess the viability of Seaborne. In any other sphere of life he would have been sacked long ago. The shadow transport secretary, Andy McDonald, said Grayling's conduct as a minister is one of serial failure and routine incompetence. (news.financializer.com). As reported in the news.

zealand: It is alleged the 54-year-old man ran a property investment scheme based on short-term bridging loans under a myriad companies, many of which were alleged to be based in New Zealand, Singapore and Hong Kong, according to Nine News Australia. He allegedly told victims developers would pay a high interest for funds borrowed over a short period, believed to generally be three months, until the banks funded the developers' projects. To improve your experience update it here News National Man extradited from New Zealand over 12m property fraud to face Brisbane court By AAP8 58am Mar 2, 2019Facebook Tweet MailA Brisbane man has been extradited from New Zealand to face charges over a multimillion-dollar global investment fraud after a year-long investigation. A Brisbane man extradited from New Zealand back to Australia will face court accused of a 12 million property fraud scam. Supplied Police allege the investment did not exist. Supplied Another woman, 72, has also been charged with nine counts of fraud. (news.financializer.com). As reported in the news.

chinese enterprises: The event drew the participation of over a hundred guests including representatives of Chinese enterprises who want to take a closer look at the business opportunities that Nepal has to offer, according to Global Times China. The Nepalese Ambassador to China Leela Mani Paudyal and the CEO of the Investment Board of Nepal Maha Prasad Adhikari attended the event. Photo Yin Yeping/GT The pre-summit conference for the 2019 Nepal Investment Summit that will be held in Kathmandu from March 29 to 30, took place in Beijing on February 25. The Chinese investment in Nepal has seen a positive trend in recent years. In addition to the business potential under the BRI, China and Nepal have also agreed to expand bilateral cooperation and develop connectivity infrastructures under the Trans-Himalayan Multi-Dimensional Connectivity Network, and expedite economic and people-to-people exchanges, according to the Nepalese Embassy in Beijing. Last December, Shanghai Institutes for International Studies released the report of the Sino-Nepalese Development and Cooperation under the Belt and Road Initiative BRI suggesting that there are currently over 100 Chinese enterprises invested in Nepal, ranging from the sectors of hydropower, aviation, hotel, food and medicine. (news.financializer.com). As reported in the news.

business environment: The campaign has indeed reshaped the local business environment and even promoted the rise of new industries that will help the city transform from a traditional manufacturing base into a smart hub, according to industry participants in Dongguan, South China's Guangdong Province, according to Global Times China. Looking back, you will see the companies that collapsed in the past year were mostly dirty, polluting enterprises that violated environmental regulations and also lacked appropriate business licenses or permits, Zhang Qingming, general manager of Dongguan-based Keweite Packaging Co, told the Global Times on Wednesday. Photo Shen Weiduo/GT A tough campaign by the Chinese government to tackle pollution caused some initial pain for low-end factories in the country's southern manufacturing hub, but companies are now hailing the effort as the driving force for an industrial upgrade that is bringing long-term opportunities. Zhang added that before the crackdown, many such small companies had a competitive edge over companies that obeyed environmental laws because the former cut corners to lower costs. In July 2018, China released a three-year action plan to win the battle for a blue sky, in a bid to improve air quality. That's not a healthy development model, he said. (news.financializer.com). As reported in the news.

circle planet: Europe needs to be able to analyze what is happening in orbit itself, said Reiter, a German former astronaut, adding that billions must be spent on a radar system to achieve this, according to The Japan Times. We are not currently in a position to get a picture of what is happening up there. Europe has invested billions in its Galileo global positioning satellites, partly to ensure it is not dependent on U.S. systems, but it still relies on the U.S. military to track the hardest-to-spot threats in space. For now, the threat from thousands of dead satellites that continue to circle the planet is manageable, since they are relatively large and easy to track. Almost impossible to spot, a particle moving at high speeds can cause severe damage to satellites costing hundreds of millions of euros or even destroy them, disrupting communications for millions of users. Far more dangerous are an estimated 900,000 particles of over 1 cm in size, and the 130 million that are over 1 mm, the ESA says. (news.financializer.com). As reported in the news.

elon musk: Companies like Elon Musk's SpaceX, Leo Sat Enterprises, and Canada's Telesat are working to enable data networks with hundreds or even thousands of tiny satellites that orbit closer to Earth than traditional communications satellites, a radical shift made possible by leaps in laser technology and computer chips. ; The growth in satellites will spur demand for rocket launch services, and a handful of venture-backed rocket companies are developing smaller boosters to deploy the smaller satellites at lower cost, according to The Japan Times. We are looking in the next five years at potentially 10,000 satellites needing to be launched and we don't have the launch capacity at this moment to do that, said analyst Marco Caceres of aerospace consultancy the Teal Group. A successful launch could mark a new era in the satellite services industry. The Arianespace Soyuz rocket lifted off from Kourou, French Guiana, at 6 37 p.m. local time, carrying satellites made by the Airbus-One Web joint venture called One Web Satellites in Toulouse, France. It could take 24 hours to fully assess their condition. The refrigerator-sized satellites were expected to reach an altitude of 1,000 kilometers 620 miles more than an hour after launch. (news.financializer.com). As reported in the news.

court: The statements were originally issued to Serious Fraud Office investigators in 2014, according to The Guardian. The court heard that Varley, who served as chief executive until 2010, had global ambitions for Barclays that meant expanding foreign ownership and increasing the bank's non-UK income to 75% of the total. A jury at Southwark crown court was read statements from three of the four defendants facing charges, including the former chief executive, John Varley. After striking a relationship with the China Development Bank in 2007, Varley said he was interested in developing a similar relationship with the Qataris, building on that example of how to develop a valuable collaboration . Facebook Twitter Pinterest Former Barclays European boss Richard Boath. Photograph Mark Thomas/REX/Shutterstock Facebook Twitter Pinterest Former Barclays senior executive Thomas Kalaris. Photograph Andy Rain/EPA Facebook Twitter Pinterest Former Barclays banker Roger Jenkins. (news.financializer.com). As reported in the news.

booker prize: It will not give its name to the award, which will revert to its old name of the Booker prize from 1 June, when the Man Group's sponsorship ends, according to The Guardian. Financial terms of the deal were not disclosed, but the Booker Prize Foundation said there were no plans to change the 50,000 winner's purse, or its recent expansion to include any English-language novel published in the UK. The prize for literature in translation will be known as the International Booker prize from June, and will continue to award 25,000 each to the winning author and their translator. Moritz and Heyman's foundation, Crankstart, has committed to an initial five-year exclusive funding term for the Booker, with an option to renew for a further five years. Moritz, a venture capitalist whose net worth is estimated to be 3.4bn 2.5bn established Crankstart with his wife, the American writer Heyman, in 2000 to support the forgotten, the dispossessed, the unfortunate, the oppressed and causes where some help makes all the difference . Recent donations include 75m to Oxford University in 2012, to support poorer students in taking up places to study and inspired, said Moritz at the time, by the generosity of strangers in England who took in his parents as Jewish refugees from Nazi Germany. The Booker prizes are ways of spreading the word about the insights, discoveries, pleasures and joy that spring from great fiction, said Moritz, who was born in Wales, studied at Oxford and now lives in San Francisco. Neither of us can imagine a day where we don't spend time reading a book. (news.financializer.com). As reported in the news.

company: The institutional investor held 61,668 shares of the computer manufacturing company at the end of 2018Q3, valued at 13.92M, down from 64,704 at the end of the previous reported quarter, according to MSNBC. Nbw Capital Llc who had been investing in Apple Inc. for a number of months, seems to be less bullish one the 824.56 billion market cap company. AAPL by 4.69% based on its latest 2018Q3 regulatory filing with the SEC. Nbw Capital Llc sold 3,036 shares as the company's stock declined 22.32% with the market. The stock increased 0.31% or 0.54 during the last trading session, reaching 174.87. Apple Inc. About 2,321 shares traded. (news.financializer.com). As reported in the news.

december: The CIBC bank logo is seen Tuesday, June 21, 2016 in Montreal, according to The Toronto Star. Paul Chiasson / THE CANADIAN PRESS All Big Five banks were hampered by the challenging market backdrop during the quarter, particularly in December, which stemmed from a variety of concerns including the U.S.-China trade skirmish and Brexit that kept investors on the sidelines. TD's wholesale banking unit recorded a 17 million net loss during the period as CIBC's capital markets division saw a 38 per cent year-over-year earnings decline. Capital markets' earnings certainly took a hit, said Robert Colangelo, the senior vice-president of financial institutions at ratings agency DBRS. I think this is first time I've seen TD with a loss in that segment... But overall, obviously, the markets were very challenging, and showed in the declines that we saw. The Bank of Montreal's earnings during the quarter were up eight per cent from a year ago, blowing past market expectations, while Royal Bank of Canada's profits were in line, up roughly five per cent from a year ago. Article Continued BelowCIBC on Thursday reported 1.18 billion in net income for the quarter ended Jan. 31, down 11 per cent from the same period a year earlier while TD reported a 2.4 per cent uptick in financial first-quarter profits. (news.financializer.com). As reported in the news.

driver license: Sydney resident Tim Brasier said his wife received a call late last week from a man with an Indian accent claiming to be from Telstra, according to Nine News Australia. She was asked to provide her driver license or passport number to verify her identity as part of our NBN installation, he said. To improve your experience update it here News Technology Fake Indian call centre attempting to scam Telstra customers By Matt Dunn Senior Producer11 22am Feb 28, customers are being warned over an Indian call centre scam attempting to trick victims into handing over sensitive information that could be used for identity theft. The call was regarding a Telstra NBN instillation. When we queried the request, the male gave his name as Mike' and gave us a Telstra number' to contact. AAP We were both suspicious straight away. (news.financializer.com). As reported in the news.

harding loevner: Time and again, the most successful investors from Warren Buffett on down preach the simplicity and importance of buy and hold as a way to beat the S&P 500 SPX, 0.69% This may seem boring, and sometimes it is, according to Market Watch. But if you're turning to the market for excitement or any other kind of emotional fulfillment you're doing it all wrong. But that's one of the worst things you can do. Your emotions can be your worst enemy in investing. Once again, the buy-and-hold message comes through loud and clear. I recently checked in with Harding Loevner Global Equity Fund HLMGX, 0.78% to understand why it has the unusually good record of beating competing funds by 2.7 percentage points annualized over the past five years, according to Morningstar, and what investors might learn from its approach. (news.financializer.com). As reported in the news.

mainland companies: BABA, 0.46% or Petro China Co, according to Market Watch. PTR, 0.09% global investors have far less exposure to stocks listed on the mainland. While many asset managers own stakes in Chinese companies listed in Hong Kong or New York, such as Alibaba Group Holding Ltd. The decision is likely to pull tens of billions of dollars into China. Late Thursday, MSCI MSCI, 2.97% said it would follow through on its September proposal to increase the so-called inclusion factor of mainland companies in its widely tracked emerging-markets index to 20% from its previous cap of 5% over a three-step process starting in May. The world's second-largest economy is also set to enter a world bond index in April and a rival global stock index in June. (news.financializer.com). As reported in the news.

neil wilson: So far, it looks like that set of geopolitical news may not do any lasting damage, as investors are focused on better-than-expected GDP data that rolled out ahead of the open, according to Market Watch. The combination of the lack of progress with North Korea and China will drag on equities and we might have to wait for a new catalyst to renew the bullish start to the year, said Neil Wilson, chief market analyst at Markets. Investors are waking up to news that talks between POTUS and North Korea's leader fell apart in the wee hours of Thursday as the two couldn't agree over sanctions. Bullish start indeed. But our call of the day, from Doug Kass, president of Seabreeze Partners Management, warns that we've swung from a market opportunity in December to market vulnerability as the month winds down, with risk of an abrupt change in market complexion and momentum on the rise. February is set to deliver gains of 3% or more for new indexes, with some pointing out it's the best two-month start to any year of the year since 1987. (news.financializer.com). As reported in the news.

points wednesday: It gained 3.22 points the previous day, according to The Japan Times. Selling outpaced buying from the outset of Thursday's session after the U.S. Dow Jones industrial average ended below 26,000 for the first time in four market days Wednesday. The 225-issue Nikkei average lost 171.35 points, or 0.79 percent, to end at 21,385.16, after rising 107.12 points Wednesday. ; The Topix index of all first-section issues finished down 12.76 points, or 0.79 percent, at 1,607.66. Investors' risk appetite was tempered by weaker-than-expected Japanese industrial output for January and Chinese manufacturing purchasing managers' index for February, both released Thursday, brokers said. Other media reports said U.S. President Donald Trump and North Korean leader Kim Jong Un cut short their summit schedule as they failed to agree on the communist country's denuclearization. The two major stock indicators accelerated their downswings toward the close on media reports that a press conference following the U.S.-North Korea summit in Hanoi would take place two hours earlier than scheduled, the brokers said. (news.financializer.com). As reported in the news.

remy briand: The successful implementation of the initial five-percent inclusion of China A shares has been a positive experience for international institutional investors and has fostered their appetite to increase further their exposure to the Chinese mainland equity market, said Remy Briand, MSCI Managing Director and Chairman of the MSCI Index Policy Committee, in a press release on Friday, according to Global Times China. Large cap shares increased in three steps rather than two steps, as originally proposed, to alleviate potential pressure on implementation dates, the index provider said. Stock connect has proven to be a robust channel to access A shares. Additionally, a proposal to add Chi Next on the list of eligible stock exchange segments for MSCI received wide approval. At Friday's close, the benchmark Shanghai Composite Index closed up 1.80 percent to 2,994.01, the smaller Shenzhen index ended up 1.50 percent higher and the Chi Next index, China's NASDAQ-style board, rose 2.10 percent, following the MSCI announcement. Upon completion of the three-step implementation, there will be 253 large and 168 mid cap China A shares, including 27 from Chi Next on the basis of MSCI, representing a 3.3 percent weight growth, the press release said. (news.financializer.com). As reported in the news.

emissions: The World Bank has issued US 13bn in green bonds since 2008 to stimulate spending to combat global warming, according to The Guardian. Rio Tinto gets 2m from emissions reduction fund to switch to diesel Read more China has used green bonds to help build new coal-fired plants to replace older, dirtier stations on the grounds it reduces nitrogen-based emissions causing the country's oppressive air pollution. Experts say allowing Vales Point coal-fired power station to register with the Morrison government's emissions reduction fund, rebadged this week as a climate solutions policy, puts Australia out of step with the World Bank, Europe and the US, which have all rejected using climate financing for coal power retrofits. But it announced in December it would no longer consider clean coal plants which still emit significant amounts of greenhouse gas investments in green technology. If you were committed to meeting the goals of the Paris climate agreement, which the Australian government says it is committed to, this is just lunacy, Kidney says. Sean Kidney, chief executive of the London-based Climate Bonds Initiative, says China's shift leaves Australia out on its own. (news.financializer.com). As reported in the news.

deal: House Speaker Nancy Pelosi will not commit to holding a vote on the Green New Deal touted by progressive lawmakers, saying Congress needs something that is evidence-based, according to MSNBC. The sprawling Green New Deal proposal was recently put forward by freshman Rep. All market data delayed 20 New Deal Published 1 day ago Nancy Pelosi won't commit on Green New Deal vote By Brooke Singman Fox Pelosi says Trump is attempting an 'end run' around Congress Nancy Pelosi says vote on the compromise government funding bill will go ahead. Alexandria Ocasio-Cortez, D-N.Y., and Sen. The package is focused on income inequality and climate change, calling for a complete transition to clean, renewable energy -- but also including a host of far-reaching economic programs including guaranteed jobs.OCASIO-CORTEZ SAYS THERE IS A 'LEGITIMATE QUESTION' 'IS IT OKAY TO STILL HAVE CHILDREN 'But while the plan has been embraced by numerous 2020 Democratic presidential candidates, lawmakers on both sides of the aisle have raised questions about its multi-trillion-dollar price tag and the sheer logistics of implementing it. Ed Markey, D-Mass. (news.financializer.com). As reported in the news.

market share: Breast Cancer Therapeutics Market study report comprises evaluation of numerous influential factors including industry overview in terms of historic and present situation, key manufacturers, product/service application and types, key regions and marketplaces, forecast estimation for global market share, revenue and CAGR. The report also sheds light on the evaluation of growth opportunities, challenges, market threats and constraining factors of the Breast Cancer Therapeutics market, according to MSNBC. It studies local regional as well as global market and emerging segments, and market dynamics also. The existing Breast Cancer Therapeutics Market scenario has been studied and future projections with respect to the sector have also been investigated. Additionally, it offers insight into the competitive landscape, market driving factors, industrial environment, and the latest and upcoming technological advancements to determine the overall scenario of industry and move forward to form lucrative business strategies effortlessly. Key market players in Breast Cancer Therapeutics market. Download And Get Sample PDF File Of Breast Cancer Therapeutics Industry market Intelligence Data has worked hard to provide you forecast from 2018 to 2026 with comprehensive information with analytic data that will back up the prediction. (news.financializer.com). As reported in the news.

testimony: Cohen's testimony is one of the biggest moments of Trump's time in office and among the most high-profile hearings on Capitol Hill in modern political memory, according to Nine News Australia. CNN Editor at Large Chris Cillizza has been analysing the key points of Cohen's testimony.1. To improve your experience update it here News World Michael Cohen testimony 27 most consequential lines from Donald Trump's former lawyer's explosive evidence By CNN11 20am Feb 28, Cohen, US President Donald Trump's one-time personal attorney and fixer, has testified before the House Oversight Committee overnight, likely the only chance the public will have to hear from him before he is jailed in May for a series of tax and campaign finance charges. I am ashamed because I know what Mr Trump is. He is a conman. He is a racist. (news.financializer.com). As reported in the news.

trump: It comes after Mr Trump walked away from the nuclear deal claiming North Korea wanted to lift sanctions in their entirety in exchange for shuttering the Yongbyon nuclear facility, but that the US couldn't do that . Both Mr Trump and Mr Kim left the venue of their talks, the French-colonial-era Metropole hotel, without attending a planned lunch together, and returned to their hotels, according to Nine News Australia. US President Donald Trump looks unimpressed as he leaves the stage after his final press conference in Vietnam. To improve your experience update it here News World Vietnam summit North Korea contests Donald Trump's claims after US president walks away from deal with Kim Jong-un By AAP9News Staff12 21am Mar 1, Korea has disputed President Donald Trump's claim the summit between Trump and Kim Jong-un collapsed because of unacceptable demands by North Korea to lift punishing US-led sanctions. AAP Sometimes you have to walk, and this was just one of those times, Mr Trump said, adding it was a friendly walk . North Korea's foreign minister has since said the North demanded only partial sanctions relief however in exchange for shuttering its main nuclear complex, and that the discussions collapsed only after the US demanded further disarmament steps. Related Articles Pakistan hands over captured Indian pilot in 'gesture of peace'Donald Trump's very bad week and why all is not lost for the President Parents of tortured US student Otto Warmbier blame North Korean's 'evil regime' for son's death Failure to reach an agreement marks a setback for Mr Trump, a self-styled deal-maker under pressure at home over his ties to Russia and testimony from Michael Cohen, his former personal lawyer who accused him of breaking the law while in office. During an abruptly scheduled news conference in Hanoi Friday local time Foreign Minister Ri Yong Ho said the North was also ready to offer in writing a permanent halt of the country's nuclear and intercontinental ballistic missile tests and that Washington wasted an opportunity that may not come again . Earlier Mr Trump said two days of talks in the Vietnamese capital Hanoi had led to good progress in building relations and on the key issue of denuclearisation, but added it was important not to rush into a bad deal. (news.financializer.com). As reported in the news.

a-share market: In late January, the A-share market's tone was still dreadful, according to Global Times China. Warnings were released about the 2018 results issued by a worrying number of companies listed on the mainland bourses. With both global and domestic factors underpinning a roaring rebound for mainland shares, it is high time to widen market access for foreign investors, paving the path for the type of long-term, sustainable bull run typically seen in the US market. Around the same time, banking veteran Yi Huiman was appointed the new boss of the China Securities Regulatory Commission CSRC . In a dramatic twist, the arrival of the Year of the Pig in the Chinese lunar calendar - traditionally regarded as a year of fortune and luck - has appeared as a harbinger of a mainland stock market boom. On the contrary, the market seems to be running like mad. Now, there's no trace of market gloominess. (news.financializer.com). As reported in the news.

gold: The central bank did not respond to requests for comment, according to The Japan Times. Alvarado and the government sources, who spoke on condition of anonymity, did not say where the central bank was sending the gold. The gold was removed in government vehicles between Wednesday and Friday last week when there were no regular security guards present at the bank, Legislator Angel Alvarado and the three government sources said. ; They plan to sell it abroad illegally, Alvarado said in an interview. They said the operation took place while central bank head Calixto Ortega was abroad on a trip. The central bank bought part of this gold from primitive gold-mining camps in the south of Venezuela and exported it to Turkey and other countries to finance the purchase of basic food supplies, given widespread shortages, according to more than 30 people with knowledge of the trade. In 2018, 23 tons of mined gold were transported from Venezuela to Istanbul by plane, according to sources and Turkish government data. (news.financializer.com). As reported in the news.