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

australia: Australia's marine heatwaves provide a glimpse of the new ecological order Read more The authority's chairman Tom Hatton told reporters in WA the move was necessary because Australia was not on track to meet its Paris targets and the current policies of the federal government are not going to deliver the outcomes as currently applied that are necessary for Australia to meet its international obligations under the Paris agreement . Under the guidelines developers proposing projects with direct emissions of more than 100,000 tonnes of carbon dioxide equivalent per annum would be required to demonstrate they have taken all reasonable and practicable design measures including use of renewable energy, to reduce or avoid emissions, according to The Guardian. They will also have to offset all net direct emissions associated with the project. The EPA, which works independently and makes recommendations to the WA government about whether new developments should be granted environmental approval, said on Thursday it was setting a higher bar for how it would assess the impact of major projects on the climate. The EPA's guidelines note that the Australian government's key climate policy, the emissions reduction fund and its safeguard mechanism, lacks an effective carbon restraint or rate . The EPA also expressed concerned about the trajectory of WA's emissions, which had increased by 27% from 2000 to 2016. Environment groups have welcomed the policy as a balanced approach that would bring environmental benefits and require polluters to make greater effort to reduce their carbon pollution. Western Australia has the second highest per capita emissions of all Australian states and territories, with emissions per capita well above those of other developed economies, including resource-based economies such as Canada, the guidelines state. (news.financializer.com). As reported in the news.

share: ASSOCIATED PRESSVanguard, the 5.3 trillion-in-assets behemoth that popularized index investing, announced it's jumping on the ESG bandwagon, according to The Independent. ESG strategies consider environmental, social and governance factors when choosing stocks and bonds. Share to facebook Share to twitter Share to linkedin Vanguard is launching its first-ever actively managed mutual fund focused on environmental, social and governance factors. It's Wall Street's latest infatuation, since it appeals to a socially and environmentally conscious market. One longtime Vanguard investor says it's a marketing move. Despite Vanguard's long-standing tradition of passive investing, the Valley Forge company has filed for its first actively managed ESG fund, the Vanguard Global ESG Select Stock Fund, which will hold about 40 stocks and will be managed by Wellington Management. (news.financializer.com). As reported in the news.

shopping mall: This took a far different turn, however, when Isuzu's youngest child reached middle school age, allowing her to have more time to herself, according to The Japan Times. Isuzu was already in her 40s when she started to feel an urge to explore options beyond life as a homemaker. ; Incidentally, she heard about a newly built shopping mall in her neighborhood that was in need of a drugstore tenant. As Isuzu was completely consumed with nurturing and caring for her children, no thought of life outside her busy home truly existed in her mind, and certainly no thought was given to a potential career. The timing seemed right. Little did she know it would be the beginning of her journey as an entrepreneur who became the owner and operator of one of the largest drugstore chains in western Japan. She crammed for an examination to obtain a pharmacist license, passed the exam and used all of her small savings to open a tiny corner store in the mall. (news.financializer.com). As reported in the news.

stock bourses: As of close of market on Thursday, the index had risen nearly 20 percent since February 1, according to Global Times China. Trade volumes on the two stock bourses in Shanghai and Shenzhen surpassed 1.1 trillion yuan. By close of market, the benchmark Shanghai Composite Index finished up 0.14 percent to 3,106.42 points. Trading activity has been brisk since the volumes topped 1 trillion yuan on February 25 for the first time since November 2015. Especially worth noting is that continued efforts to open the doors wider to foreign investment are believed to have prompted the heightened interest from foreign institutional investors. Behind the trading volume surge are investors, both retail and institutional, chasing the rallying markets. (news.financializer.com). As reported in the news.

tax returns: The bald, bespectacled, 71-year-old chief financial officer of the Trump Organization is known for being loyal, unobtrusive and, well, somewhat dull, according to The Japan Times. But Weisselberg also has his name on all manner of checks and documents of the company going back decades, is familiar with its tax returns, its lenders and investors, and is said to track every penny going in and out. The modest money man has always been content to work behind the scenes, with no hint of flash, braggadocio or ostentatious spending. ; He lived in the same three-bedroom ranch house in suburban Long Island with the same woman for decades, shows up for work at Trump Tower every day and almost always goes to the same spot down the block for lunch. And given what he knows, the prospect of him testifying in federal probes and congressional investigations of Trump's business empire could pose a new danger to the president from one of his longest-serving confidants. He was not even remotely colorful, eyes cast down on the spreadsheet and the calculator click, click, click, she said. He was like from central casting, a green-eyeshaded accountant, said Gwenda Blair, who interviewed Weisselberg for her book, The Trumps Three Generations of Builders and a President. (news.financializer.com). As reported in the news.

trade deficit: So did the imbalance in goods trade with China, Mexico and the European Union, even after Washington slapped tariffs on hundreds of billions in imports from its largest trading partners. ; The bulging deficit numbers come as U.S. and Chinese officials say they are nearing a breakthrough in talks to end their trade war, according to The Japan Times. Beijing is expected to offer to make eye-catching purchases of American agricultural goods to cut the trade deficit and please Trump. And America's merchandise trade deficit the main focus of Trump's ire surged to its highest level ever in 2018. Trump has angrily described trade deficits as a defeat for the United States, and aimed to erase them, but the Commerce Department report was bristling with records after Americans snapped up mobile phones and companies invested in computer equipment in 2018. Meanwhile, the overall trade deficit with the rest of the world, with services factored in, jumped 12.5 percent to 621 billion as both imports and exports rose to their highest levels ever, according to the report. The total U.S. goods deficit surged 10.4 percent to 891.3 billion, the highest level ever recorded. (news.financializer.com). As reported in the news.

positions: That's an estimated 3.4 million positions, about 35 per cent of all Canadians jobs at risk of being replaced, according to The Toronto Star. The report points to bookkeeping, reception and data-entry as positions that traditionally employ a higher number of women. The RBC Economics report found that women are at greater risk of technological disruption because they hold the majority of jobs that use more generalist, digital and social skills, which are threatened by automation. Artificial-intelligence technologies aim to do some of the same tasks in organizing and analyzing data. Artificial-intelligence technologies aim to do some of the same tasks in organizing and analyzing data. CHARLY TRIBALLEAU / AFP/Getty Images The report points to bookkeeping, reception and data-entry as positions that traditionally employ a higher number of women. (news.financializer.com). As reported in the news.

behavioural therapy: And his family, who live in Fergus, will even qualify for a bit of provincial funding to cover behavioural therapy for which his parents currently pay thousands of dollars, according to The Toronto Star. Follow the Toronto Star on social media But Charbonneau says neither she nor Cooper can support the new autism plan because they're worried about thousands of families that will end up with less provincial funding, and also the impact the changes will have on the school system. Cooper is on a wait list for treatment, which the new system will clear. I have autism, Cooper said, bundled up in a snowsuit and hockey toque, standing beside his mom in the snow on the front lawn of the legislature. Everyone deserves what they need. There are so many people that have autism, they need good funding. (news.financializer.com). As reported in the news.

hong kong: From Tokyo's glitzy Ginza shopping district to Hong Kong, Macau and New York's Fifth Avenue, there are noticeable cracks in what has been the very bankable strategy of catering to throngs of newly affluent Chinese travelling the world, according to The Toronto Star. Explanations vary from China's slowing economy to the government's push to spur spending at home and fluctuations in currency values. Now there are doubts about how long the buffet will last. Whatever the reason, the result is increasing worry across the globe. Dreamstime Luxury brands have gained a lot of traction and growth out of China, but the bloom is off the rose, said Pam Danziger, president of Unity Marketing Inc. in Lancaster, Pennsylvania, which researches affluent shoppers. Jeweller Tiffany & Co.; Capri Holdings Ltd., the owner of Michael Kors and Jimmy Choo; and Coach parent Tapestry Inc. have said spending by Chinese tourists in cities including New York and Hong Kong has weakened. (news.financializer.com). As reported in the news.

kurri: Hong Kong-based company Kaisun Holdings has said it will need to look for potential investors for the project, which energy market analysts estimate would cost between 4bn and 5bn to build, according to The Guardian. Kaisun has a market capitalisation of A 33m. Guardian Australia revealedtheplanto build two 1,000MW coal-power plants in the failed Hunter economic zone near Kurri Kurri. Its project partner, a China Energy Engineering Corporation subsidiary, lists its authorised capital as A 150m. Deal signed for huge coal-fired power plants in Hunter Valley, Hong Kong firm says Read more Environmental and anti-coal groups are already calling on potential investors to stay away from the project and for federal and state governments to rule out support. The Australian joint-venture partner, Cavcorp, owns the HEZ land but is worth 25,000 on paper. (news.financializer.com). As reported in the news.

wind: The Department for Business, Energy and Industrial Strategy BEIS said the deal could result in the number of jobs in offshore wind tripling to 27,000 by 2030, boosting the economies of coastal communities near major projects, according to The Guardian. Wind and solar must be tripled between now and 2030. In a deal between the government and the offshore wind sector, industry players have agreed to invest 250m over the next 11 years in exchange for participation in 557m of state subsidies for renewable energy. John Sauven, Greenpeace UK The government also hopes the deal will cement Britain's leading position in the technology and has set a target of boosting exports in the sector fivefold to 2.6bn a year. Reaching a target of more than 30% of electricity coming from offshore wind would also mean that 70% of Britain's energy would be from renewable sources by the end of the period. The UK already hosts the world's largest offshore windfarm, off the coast of Yorkshire, which began powering the grid a month ago. (news.financializer.com). As reported in the news.

clara zetkin: Ukraine-born suffragist, Clara Zetkin, then took the cause global by suggesting the idea in 1910 at the International Conference of Working Women in Copenhagen, 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 The 100 women from 17 countries who attended the event loved the idea, and history was made. But where did it all begin Inspired by a labour movement in 1908, which saw 15,000 women strike against poor working conditions in New York, the event, formerly known as National Women's Day, was recognised for the first time by the US in 1909, to honour the women who went on strike the year before. The UN began celebrating the event on 8 March in 1975, and agreed to give each year an annual theme. Read more 10 best beers brewed by women to drink on International Women's Day10 best books by women to read this International Women's Day12 best wines by women to drink this International Women's Day The theme couldn't be more poignant, given the devastating revelations of the MeToo movement in the past year, which saw more women stand up against sexual harassment by sharing their experiences across a range of industries and workplaces. This year's theme is Balancefor Better, which asks how we can forge a more gender-balanced world inspiring people to challenge bias, fight for equality, and celebrate women's achievements. (news.financializer.com). As reported in the news.

i need: Trump's friends and who wanted to keep his records secret, recalled Evan Jones, the headmaster at the time, according to The Independent. He said, You need to go grab that record and deliver it to me because I need to deliver it to them' . 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 We'll tell you what's true. The superintendent of the private school came to me in a panic because he had been accosted by prominent, wealthy alumni of the school who were Mr. You can form your own view. Subscribe now The superintendent, Jeffrey Coverdale, confirmed that members of the school's board of trustees initially wanted him to hand over Mr Trump's records to them, but Mr Coverdale said he refused. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

domain: The sophisticated phishing scam - an attempt to obtain sensitive information in an electronic communication - is sent using Amazon web services from the domain anzsupport.cf'. The body of the ANZ-branded email explains the bank will be introducing challenge questions to help customers verify their identity for an extra level of security, according to Nine News Australia. A link is provided for customers to confirm their own challenge questions and answers for the service. To improve your experience update it here News TechnologyANZ email scam will steal your internet banking login credentials By Matt Dunn Senior Producer10 55am Mar 7, 2019Facebook Tweet MailANZ banking customers are being warned over a new email scam exploiting the company's branding to harvest login credentials. Clicking the link takes victims to an authentic looking ANZ login page which requests them to enter their Customer Registration Number and password entering details here will hand over the sensitive information to cybercriminals. To make the scam even more convincing, customers are redirected back to the official ANZ page after answering the questions. If customers do login with their credentials, they are redirected a page where they are asked to select three challenge questions to which they provide answers. (news.financializer.com). As reported in the news.

january february: The Nasdaq Composite Index COMP, -1.13% declined 70.44 points, or 0.9%, to 7,505.92, according to Market Watch. What drove the market The Beige Book's tone was subdued with 10 of the central bank's 12 districts seeing slight-to-moderate growth in late January and February. How did stock indexes fare The Dow Jones Industrial Average DJIA, -0.78% fell 133.17 points, or 0.5%, to 25,673.46, while the S&P 500 index SPX, -0.81% dropped 18.20 points, or 0.7%, to 2,771.45. The partial government resulted in slower activity in about half of the districts, affecting a range of sectors, including retail, auto sales, real estate, restaurants, and manufacturing, according to the central bank. Markets typically pay closer attention to the official government jobs report, due Friday. Payroll-service company ADP estimated that the private sector added 183,000 jobs in February, below consensus estimates of 187,500 new jobs, according to Fact Set. (news.financializer.com). As reported in the news.

news conference: REUTERS/Brendan McDermid/File Photo Exxon shares fell more than 1 percent after the company told analysts attending its annual investor meeting that it plans to lift spending by 10 percent or more for the next several years as rivals are sidelining equipment and capping spending to boost shareholder returns, according to The Independent. Woods defended the strategy of leaning in as our competitors are leaning back, saying the best time to buy into projects is not when everyone else is active. Darren Woods, Chairman & CEO of Exxon Mobil Corporation attends a news conference at the New York Stock Exchange NYSE in New York, U.S., March 1, 2017. You do it when everybody else is at home, Woods said. Exxon shares finished down 91 cents at 79.28 on Wednesday. Exxon's plans include a big bet on U.S. shale, where output has surged in recent years, making the United States the world's largest oil producer. (news.financializer.com). As reported in the news.

ning jizhe: Under the new negative list, Chinese policymakers will further open up the agriculture, mining, manufacturing and services sectors, and allow wholly foreign-funded enterprises to operate in more sectors, Ning Jizhe, deputy head of the National Development and Reform Commission told a press conference on the sidelines of the annual legislative session, according to Global Times China. All foreign-owned enterprises will be given pre-establishment national treatment in China. The country will also launch the third batch of major foreign investment projects this year as part of its consistent attempt to open up the economy, a senior official of the country's top economic planner said on Wednesday. They will be treated equally in government procurement, standard setting, industrial policy, technology policy, certificate permits, registration and financing, according to Ning. The country will support those projects not only in land use and energy use but also in speeding up the approval process. Ning also said at the conference that this year, China will introduce the third batch of major foreign investment projects in new energies, advanced manufacturing, petrochemicals and electronic information industries. (news.financializer.com). As reported in the news.

ownership level: The remarks come as overseas investors were stopped from buying shares in Shenzhen-listed Han's Laser Technology as the offshore ownership level neared the 30 percent cap, according to a report from sina on Tuesday, according to Global Times China. The first similar suspension involved Shanghai International Airport in May 2015, half a year after the opening of the Shenzhen-Hong Kong Stock Connect, the report said. As more foreign capital moves into China's continuously opening A-share market, more challenges may emerge and the country will roll out more reforms to facilitate and protect foreign investments, they noted. So far, there have been just two cases, but there's a rising possibility that more will occur. More foreign cash is expected to flow in as index provider MSCI is increasing the weight of A shares in some of its indices, experts noted. Discussion of relaxing the limit might start in 2019, if more cases emerge, said Li Daxiao, chief economist at Shenzhen-based Yingda Securities. (news.financializer.com). As reported in the news.

security debate: The 1,000-square-meter facility will enable companies to test Huawei's equipment and products, according to Global Times China. An open and digitally prosperous Europe requires a secure, trustworthy digital environment and Huawei opened the new cybersecurity center to help build that environment, Ken Hu, rotating chairman of the Chinese tech giant, said during the opening ceremony. Photo Chen Qingqing/GT Huawei launched a new cyber security transparency center on Tuesday in Brussels, Belgium, a direct response to the security debate in Europe ignited by the US government. At Huawei, we have a principal code for security - assume nothing, believe no one and check everything, he said, noting that both trust and distrust should be based on verifiable facts. US authorities have launched a full-scale campaign against Huawei, charging it with stealing technology, violating trade sanctions and blocking it from doing business in the American market. As the 5G era looms, the industry is now facing major challenges including cyber risks exposed in a more connected world, a lack of unified understanding of cyber security and of unified technical standards, Hu said. (news.financializer.com). As reported in the news.

government spending: Premier Doug Ford promised to cut overall government spending by 6 billion a year, or about four per cent, according to The Toronto Star. Steve Russell / Toronto Star Transforming health care and balancing the budget without revenue increases will be a significant challenge if the status quo is maintained, says the 21-page report from the office headed by Peter Weltman. The independent Financial Accountability Office says recent government decisions to add 15,000 nursing home beds, spend 1.9 billion on mental health over 10 years and the added costs of pay raises to doctors in a new contract are increasing fiscal pressures. He projects health spending will rise from 61.3 billion this fiscal year about 41 per cent of spending on government programs to 73.3 billion in the fiscal year ending March 31, 2023, an increase of 12 billion. Article Continued Below Restraining health sector spending to this extent without compromising health care access or quality would be a significant challenge, Weltman warned. While the accountability office established by the previous Liberal government previously saw a path to balancing the budget solely through spending restraint over a four-year period, that would no longer be possible unless the projected increases in health spending are cut by about two-thirds, the report adds. (news.financializer.com). As reported in the news.

employers: Francis Vachon / THE CANADIAN PRESS FILE PHOTO The audits are designed to ensure employers are accurately reporting workplace injuries and paying their fair share in insurance premiums, according to The Toronto Star. Premiums fund province-wide benefits for injured workers and are a crucial financial incentive for employers to keep their workplaces safe. The 80 per cent decline is part of an overall drop in the number of compliance checks conducted by the Workplace Safety and Insurance Board, according to the documents obtained through a Freedom of Information request; such inspections fell by almost 50 per cent since 2016.WSIB audits are designed to ensure employers are accurately reporting workplace injuries and paying their fair share in insurance premiums. The audits also check for other violations like whether employees have been misclassified as independent contractors, who are generally not covered by the WSIB. It's of high concern for me, and it's a disappointment that we aren't putting as many resources as possible toward prevention of accidents, said John Bartolomeo, co-director of the Toronto-based Workers' Health and Safety Legal Clinic. It's getting everyone to think about the importance of health and safety. Article Continued Below This isn't just about the employer having the right records. (news.financializer.com). As reported in the news.

gun control: The 77-year-old, a longtime champion of liberal causes such as gun control and climate change, had threatened to run as a centrist Democrat next year, according to The Guardian. In a Bloomberg editorial, he said he was confident of beating Trump in a general election, but clear-eyed about the difficulty of winning the Democratic nomination . Democratic field. Billionaire pledges his wealth to the Trump resistance Michael Bloomberg, the multi-billionaire former New York mayor, has said he will not run for president in 2020 but instead will plough his fortune into efforts to prevent Donald Trump's re-election. Jay Inslee, the governor of Washington, and John Hickenlooper, the former Colorado governor, have joined the list of Democratic presidential hopefuls in the past week, taking the total field to 16. Photograph Mark Blinch/Reuters The embattled Canadian prime minister, Justin Trudeau, has received a public show of support from his cabinet after a second minister resigned this week amid a simmering corruption scandal. Cabinet rallies behind Trudeau amid corruption scandal Facebook Twitter Pinterest Trudeau appears at his party's Climate Action Rally in Toronto. (news.financializer.com). As reported in the news.

industries: But so far, there's been relatively little progress toward his goal of revitalizing struggling American industries and cutting US dependence on the rest of the world's products, according to CNN. Despite Trump's tariffs on steel and aluminum as well as billions in consumer goods from China, Americans are importing more than they're selling abroad. Trump and Xi could meet this month to end the US-China trade war He's clearly taken care of the first part by upending a number of trade relationships the United States has around the world. The trade deficit has widened by more than 100 billion since Trump took office and hit a 10-year high in 2018, according to data released by the Census Bureau on Wednesday. That's an impossible thing to fix with aggressive trade policy. The administration made it seem like a quick tweak in some trade agreements would bring back the manufacturing workforce, but the problems have to do with technological change, said Phil Levy, a senior fellow at the Chicago Council on Global Affairs who served as a senior economist for trade under President George W. Bush. (news.financializer.com). As reported in the news.

power: In a statement to the Hong Kong stock exchange late last week, the investment company Kaisun Holdings announced it had signed a memorandum of understanding with a Chinese state-owned power provider and a tiny Australian private company to build two 1,000MW power stations, according to The Guardian. Kaisun works mainly in central Asia and describes itself as a belt and road expert. Guardian Australia can reveal that local authorities including the Cessnock mayor, Bob Pynsent have been briefed about the unusual plans to turn the failed Hunter economic zone into a 2,000 megawatt coal power plant. The company is based in Hong Kong but incorporated in the Cayman Islands. Cavasinni is the also the director of a company that paid 5.5m in 2012 to buy a 70 hectare parcel of the Hunter economic zone, a largely failed proposal to stimulate the local economies of Kurri Kurri and Cessnock after a slowdown in local mining and heavy industry. Hunter Valley coalmine ruling buoys other anti-mine campaigners Read more It said the heads of agreement had been signed with a subsidiary of China Energy part of the company's engineering group and Cavcorp, a company worth 25,000 on paper and wholly owned by the Parramatta businessman Frank Cavasinni. (news.financializer.com). As reported in the news.

soccer person: The legendary gonzo journalist was never a soccer person Hey Rube, his published collection of essays for ESPN, mentions the sport just once in passing but he was undoubtedly a writer with a keen sense of when things were about to get weird. ; After more than a decade of following a J. League known as much for its wacky matchday promotions as its unpredictable results, I imagine that Thompson would agree with me that the ongoing attempt to create a genuine European-style super club at Vissel Kobe is probably as weird as it gets, according to The Japan Times. The club's Saturday home opener against Sagan Tosu had all the trappings of the modern football frequently railed against by overseas soccer fans and rarely seen in the Japanese game until recently. At the top of mine is Hunter S. Thompson. Three hours before kickoff, dozens of workers manned booths and held up signs promoting Noevir Stadium's cash-free conversion, with payments everywhere from food stalls to merchandise stands only accepted through credit cards, the Edy e-money card or Rakuten's own Rakuten Pay app. As the players entered the Noevir Stadium pitch, five fans cheered from a roped-off sideline area, tickets for which cost 300,000 each and include the use of an exclusive lounge, two signed uniforms, a stadium tour and player meet-and-greets. Near the 20,000 replica uniforms among the most expensive in the league were commemorative mugs, mouse pads and towels featuring Vissel's star European trio of David Villa, Andres Iniesta and Lukas Podolski sharing space with opposing Sagan striker Fernando Torres. (news.financializer.com). As reported in the news.

singapore-based startup: Soft Bank is already a major backer of the Singapore-based startup, and the latest investment will boost its stake. ; Grab founder Anthony Tan is battling Go-Jek for leadership in the Southeast Asian market after vanquishing Uber Technologies Inc. in the region last year, according to The Japan Times. He plans to spend a significant portion of the latest proceeds in Indonesia, the home turf of Grab's rival. The funding brings the amount of money the company has collected from investors in the past year to about 4.5 billion, it said. Go-Jek has presented the thorniest challenge, with the Jakarta-based startup marching into Grab's home market of Singapore as well as Vietnam and Thailand. Southeast Asia's two most valuable startups are aiming to expand swiftly in everything from mobile payments to food delivery. Go-Jek, led by Tan's Harvard Business School classmate Nadiem Makarim, is also raising additional capital to compete for customers and drivers. (news.financializer.com). As reported in the news.