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

autumn winter: The minuscule bags were initially sent out as invitations to the brand's show and weren't for sale, but they did point towards a developing or shrinking trend in accessories, according to The Guardian. When it comes to bags, petite purses rule this season. The Mini Le Chiquito is a small-scale version of Jacquemus's Le Chiquito bag, a runaway hit for autumn/winter 18. Forget micro it's all about the nano. With a long chain, and described as an elegant homage to 1920s makeup boxes it is available in two colours both currently sold out online. The Mini Le Chiquito, with room to hold little more than a couple of mints or a single Air Pod earphone, looked like a joke but then French fashion house Louis Vuitton launched its own nano bag, designed to hold no more than a lipstick. (news.financializer.com). As reported in the news.

building society: And while some cash Isa rates at the big banks verge on the laughably bad we're looking at you, Nat West and Santander you really can find 26% a year, guaranteed and protected, from a building society, according to The Guardian. Read on to find out what's best for your money. Every year individuals can put 20,000 into an individual savings account but the deadline for doing so is 5 April just 27 days away. Lifetime Isa26.35% interest This is easily the best value government-approved Isa to buy, but also one that is littered with catches. It only pays about 1% interest, but the government bonus is worth 25%, so that makes a tasty 26% over the year. The idea is that you save up to 4,000 a year, and the government then tops it up with a 1,000 bonus. (news.financializer.com). As reported in the news.

loss: Paolo, 61, a translator, said We are here to mourn the loss of life, and for the life that has not yet been born; and to protest the injustice of this for future generations, according to The Guardian. I have no children of my own, but I haven't stopped loving the world. About 400 demonstrators, including families with children, spilled more than 200 litres of red paint to make the severity of climate change viscerally clear . The blood was meant to symbolise the death of our children and the hellish future young people faced, the group said in a statement. Hector, aged 10, said Many animals will go extinct if we do not act now. But in our time of need, they have deserted us. We have invested all our support in the government. (news.financializer.com). As reported in the news.

business world: The major risk today, in the new age of shale, revolves around raising capital and satisfying investors, but throughout the 19th and 20th centuries, the bigger risk centered on finding the pockets of oil and gas contained within conventional sand and limestone formations, according to The Independent. This was often a very tricky proposition, and the drilling of dry holes outnumbered the successful wells in many major play areas. Energy Share to facebook Share to twitter Share to linkedin Oil rigs stand in the Permian Basin area of Odessa, Texas, U.S., on Saturday, Jan. 19, 2019. . Photographer Sergio Flores/Bloomberg 2019 Bloomberg Finance LPThe exploration for oil and natural gas has always been among the most risky propositions in the business world. The tales are legion of the independent producers who went flat dead broke before ever managing to drill a producing well. That dynamic all began to change in the late 1980s with the discovery and development of unconventional formations like the Fruitland Coal in the San Juan Basin of New Mexico. Dad Joiner, the promoter and ultimate driller of the Daisy Bradford No. 3 - the first successful well completed in the mammoth East Texas Field on October 3, 1930 - famously went broke half a dozen times and required an influx of capital from H.L. Hunt before finally bringing in his gushing discovery well. (news.financializer.com). As reported in the news.

chinese leaders: National legislators will hear a work report of the 13th NPC Standing Committee and an explanation on the draft foreign investment law during the meeting, according to Global Times China. Li Zhanshu, chairman of the National People's Congress NPC Standing Committee, delivers a work report of the 13th NPC Standing Committee at the second plenary meeting of the second session of the 13th NPC at the Great Hall of the People in Beijing, capital of China, March 8, 2019. Xi Jinping and other Chinese leaders attended the plenary meeting at the Great Hall of the People. Photo Xinhua (news.financializer.com). As reported in the news.

demonstrations unrest: We have woken up, so get ready, they chanted, according to The Independent. We want the riches of the country divided equally. The protests, following midday prayers and concluding largely peacefully several hours later, marked the largest and perhaps broadest anti-government action in the country since a wave of demonstrations and unrest in the late 1980s triggered a brief democratic opening before the country descended into a decade-long civil war. They came amid signs of fissures within the ruling elite with symbolic acts of protest by lawmakers, politicians and community leaders in support of the anti-government wave, which began last month. You can form your own view. 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. (news.financializer.com). As reported in the news.

dow jones: The S&P 500 index SPX, -0.21% shed 5.86 points, or 0.2%, to 2,743.07, its worst string of losses since November, and the Nasdaq Composite Index COMP, -0.18% dropped 13.32 points, or 0.2%, to 7,408.14, marking its weakest stretch since April, according to Market Watch. For the week, both the Dow and the S&P 500 fell 2.2% and the Nasdaq declined 2.5%. The five-session skid for the Dow was its lengthiest since an eight-session skid ended June 21, the decline for the S&P 500 was its longest, also at five days, since a similar streak ended Nov. 14. How did major indexes fare The Dow Jones Industrial Average DJIA, -0.09% bounced off intraday lows to slide 22.99 points, or 0.1%, to 25,450.24. For the Nasdaq, the five days of losses represented its longest skid since April 25. Read Don't hit panic button' economists find jobs report wasn't as bad as 20,000 headline suggests The unemployment rate fell to 3.8% from 4%, while workers saw an 11 cent-an-hour increase in average hourly earnings, the largest gain since the end of the 2009 recession. What drove the market Investors were caught off guard by a surprisingly weak jobs number after the Labor Department announced the U.S. economy added just 20,000 new jobs in February, well below the 178,000 forecast by economists in a Market Watch poll. (news.financializer.com). As reported in the news.

dow jones: US stocks ended lower on Thursday, as investors weighed mixed US economic data and the European Central Bank's moves to cut its economic growth forecast for 2019, stoking anxiety over a worsening global economy, according to Global Times China. The Dow Jones Industrial Average decreased 200.23 points, or 0.78 percent, to 25,473.23. Shares of SINA Corporation and Ctrip International fell 6.18 percent and 5.42 percent, respectively, leading the losers in the top 10 stocks of the index. The S&P 500 decreased 22.52 points, or 0.81 percent, to 2,748.93. The Cboe Volatility index, widely considered the best fear gauge in the stock market, rose 5.4 percent to 16.59 on Thursday. The Nasdaq Composite Index fell 84.46 points, or 1.13 percent, to 7,421.46. (news.financializer.com). As reported in the news.

enterprises: The state shall guarantee that foreign-invested enterprises are able to participate in standard-setting work on an equal footing in accordance with law, and mandatory state standards shall apply equally to them, according to the document, according to Global Times China. The state shall guarantee that foreign-invested enterprises can take part in government procurement activities through fair competition in accordance with law, and government procurement shall afford, in accordance with law, equal treatment to products of foreign-invested enterprises produced in China, it says. Government policies supporting enterprise development shall apply equally to foreign-invested enterprises, says the document. The conditions for technological cooperation in an investment project shall be negotiated in a fair and equal manner and agreed upon by all parties to the investment, and government bodies and their employees shall be prohibited from using administrative measures to force technology transfer. Competent authorities shall review foreign investors' license applications with the same conditions and procedures as those for domestic investors, unless otherwise stipulated in other laws or administrative regulations, according to the document. Sectors not on the entry negative list for foreign investment will be managed in accordance with the principle of equal treatment for domestic and foreign capital. (news.financializer.com). As reported in the news.

european u.s: On Thursday, the Nikkei fell 140.80 points. ; The Topix index of all first-section issues finished down 29.22 points, or 1.82 percent, at 1,572.44, after losing 13.59 points the previous day, according to The Japan Times. Stocks fell sharply right after the opening bell, hit by heavy risk-averse selling spurred by overnight sell-offs in the European and U.S. markets. The 225-issue average tumbled 430.45 points, or 2.01 percent, to end at 21,025.56, after breaching the 21,000 line for the first time since Feb. 15 on an intraday basis. Investors shied away from stocks and other risk assets in the wake of the European Central Bank sharply cutting its growth forecasts for the eurozone on Thursday. The ECB moves hurt market sentiment, which had already been soured since China lowered its 2019 growth target, brokers said. The ECB also decided at its policy-setting meeting to start a new program to supply liquidity to the banking system and refrain from raising interest rates this year. (news.financializer.com). As reported in the news.

gr ie: Who are we as customs to give the business world instructions But we are still asking the SMEs and all other parties to wait, according to The Independent. Do the necessary export to your customers before 29 March, he told Belgian business newspaper De Tijd. Kristian Vanderwaeren, chief executive of Belgian customs, called for a Brexitpauze after 29 March and said firms should do as much of their exporting as they can before new controls have to come in. 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. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

growth forecasts: The data knocked Chinese stocks off the 20-month highs hit earlier in the week, with mainland equity indexes plunging more than 4 percent in their worst day in five months, according to The Japan Times. Japan's Nikkei. closed 2 percent lower. The February data out of Beijing came in well below expectations of a 4.8 percent drop and worsened the already brittle mood on world markets, after European Central Bank slashed growth forecasts and unveiled a new round of policy stimulus on Thursday. ; While the timing of the Lunar New Year made it difficult to draw a true signal from the China data noise, the scale of the drop was alarming, especially when coupled with somber new data from Germany and Norway. The dark mood spilled into European stock markets where the STOXX 600 index slipped 0.7 percent, poised for the first weekly drop in a month. Our own view is that the Chinese economy is slower than people generally think, but I think the world economy is probably slower than people think. The trade data from China is a big part of it, said Fiera Capital's co-chief Investment Officer Julian Mayo. (news.financializer.com). As reported in the news.

percent: Compared with the previous quarter, real gross domestic product the total value of goods and services produced in the country adjusted for inflation grew 0.5 percent, according to the data from the Cabinet Office, according to The Japan Times. Capital expenditure increased 2.7 percent from the previous quarter as manufacturers of telecommunications equipment and production machinery ramped up spending. The reading showed the world's third-largest economy had rebounded after a string of natural disasters caused a contraction the previous quarter, although economists remained cautious following a downgrade by the Cabinet Office the previous day of another key economic indicator. ; Friday's upgrade was largely in line with the average forecast, for 1.8 percent growth, that had been made by private-sector economists polled by Kyodo News. Private consumption, which accounts for more than half of the national economy, rose just 0.4 percent, downgraded from the preliminary 0.6 percent growth, as tepid wage gains kept households from spending more freely. Public investment fell 1.7 percent, downgraded from the 1.2 percent fall initially reported. Net exports, falling amid slowing demand from China, pushed down real GDP by 0.3 percentage point. (news.financializer.com). As reported in the news.

speculation amusement: On Friday, the confused Japanese public got an answer. ; Takashi Takano, one of Ghosn's attorneys, confessed in a blog post that it was his idea to protect Ghosn's well-being, but it failed, according to The Japan Times. Ghosn, who turns 65 on Saturday, was released on bail after 108 days of detention. Chairman Carlos Ghosn's incognito emergence Wednesday from a Tokyo jail launched a barrage of speculation and amusement from the media and the public over his motive for donning a cap, surgical mask and construction worker outfit upon his release. Observers were shocked when he came out of the Tokyo Detention House alongside a phalanx of guards as well as other men wearing similar caps, surgical masks and construction worker outfits. If Mr. Takano said the legal team's first task after securing Ghosn's bail was to bring him to his residence without delay so that he could be reunited with his family and regain some sense of normalcy, albeit under strict conditions. (news.financializer.com). As reported in the news.

ultra-high-net-worth investors: According to global consultancy Knight Frank which recently released its Wealth Report focused on the wants and needs of the uber-rich rare whiskey was up in value roughly 40% last year and more than 580% over the past decade, according to Market Watch. To determine this, Knight Frank tracked 100 bottles of the world's most desirable rare Scotch whiskey and U.K. auction prices on it. That's what ultra-high-net-worth investors seem to be telling themselves about investing in rare whiskey. Other studies also show whiskey values rising. Indeed, a bottle of Macallan set a record in early October going for about 1.1 million, only to be topped a month later by another bottle of Macallan, which sold for a record 1.5 million. Last year was a transformational one for rare single malt Scotch whisky, according to the Knight Frank report. (news.financializer.com). As reported in the news.

wage growth: See At a 10-year high, wage growth for American workers likely to keep accelerating But what's good for American workers isn't necessarily good for corporations, as analysts and investors interviewed by Market Watch warned that higher wages could contribute to an increasingly depressing picture for corporate earnings growth in 2019, according to Market Watch. Read Don't hit panic button' economists find the jobs report wasn't as bad as 20,000 headline suggests The 3.4% year-over-year jump in wages represents a growing threat to profit margins, emailed Alec Young, managing director of global markets research at FTSE Russell. But many analysts and economists were quick to point out that the report was more bullish for the U.S. economy than the headline number suggested, with special attention given to rising pay for American workers, as average hourly earnings rose at their fastest rate in nearly a decade. Analysts said the weaker-than-expected payrolls number and growing concerns over a global economic slowdown combined to sink major U.S. stock benchmarks for a fifth straight day Friday. Over the past six months, estimates earnings per share forecasts have fallen 5.3%, from 176.69 per share on Sept. 7 of last year to 169.79 today, according to Fact Set. In early afternoon activity, the S&P 500 SPX, -0.21% was off 0.7%, while the Dow Jones Industrial Average DJIA, -0.09% declined around 142 points, or 0.6%. Both benchmarks were on track for a weekly fall of around 2.7%. And it's these pressures on profit margins that are of most concern to investors today, as they have been a significant driver of rapidly shrinking earnings estimates for firms in the S&P 500 index firms. (news.financializer.com). As reported in the news.

creation click: The AP newsroom and editorial departments were not involved in its creation, according to MSNBC. Click to Wire Business Business Business WirePRESS RELEASE from provider Business Wire This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its Financial Releases New Ad Highlighting the Power of Relationships Built on Press Ameriprise Financial Releases New Ad Highlighting the Power of Relationships Built on Trust AP NEWSTop RADIOUpdate hourly Search Click to content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation. The launch of the new 30-second spot, titled Trust, coincides with International Women's Day. Ameriprise Financial Releases New Ad Highlighting the Power of Relationships Built on Trust March 8, WIRE --Mar 8, 2019--Ameriprise Financial AMP today released a new television ad that demonstrates the firm's commitment to helping clients feel confident, connected and in control of their financial lives. (news.financializer.com). As reported in the news.

development: There were some common concerns preoccupying municipal leaders, like economic development, planning, transportation, and water supply, according to The Toronto Star. Pumpjacks near Halkirk, Alta., on June 20, 2007. Researchers at the University of Calgary recently surveyed more than 1,000 municipalities across the country, asking their mayors and councillors to rank the importance of a range of issues. A new study shows climate change is significantly lower on Alberta municipalities' priority lists than in British Columbia. On a four-point scale of importance from slightly to extremely important, climate change was ranked more than one point higher in B.C. than in Alberta. Larry Mac Dougal / The Canadian Press But rankings were far from universal, and one of the biggest differences was how likely municipal politicians in Alberta and their neighbours to the west were to view climate change as a significant issue, said Jack Lucas, co-author of the study and an assistant professor in U of C's political science department. (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; logo margin 0 0 0px; padding-top 10px; footer background-color fff; text-align center; footer .widget-area padding 0 0 0px; margin 0 0px; border-bottom 0px solid ececec; .widget h3.title, sidebar .tabberlive, articles .head title, h3.archive title, ul.dropdown li ul text-align center; padding-bottom 10px; padding-top 0px; border-top 0px; margin-bottom 0px; The Stock News Market News Stock News Df Dent & Co Has Trimmed Schlumberger LTD SLB Holding by 541,692 as Stock Declined; Apple AAPL Holding Lifted by Pecaut & Company Posted by Nellie Deboer on March 8, 2019 at 5 31 pm adsbygoogle window.adsbygoogle .push ; Df Dent & Co Inc decreased its stake in Schlumberger Ltd SLB by 18.45% based on its latest 2018Q4 regulatory filing with the SEC. Df Dent & Co Inc sold 15,047 shares as the company's stock declined 2.52% while stock markets rallied, according to MSNBC. The institutional investor held 66,496 shares of the oilfield services and equipment company at the end of 2018Q4, valued at 2.40M, down from 81,543 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. Df Dent & Co Inc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the 57.10 billion market cap company. About 6.92M shares traded. The stock decreased 3.04% or 1.29 during the last trading session, reaching 41.2. (news.financializer.com). As reported in the news.

kilometres: Land transfer tax revenues, once a buoyant source of cash for new programs, are expected to continue drooping in 2019, according to The Toronto Star. The Gardiner is consuming 53 per cent of your state-of-good-repair transportation budget although it only represents 1.32 per cent of your roadway lane kilometres in the city. Mayor John Tory convinced a majority of 25 councillors to honour his low-tax pledge, despite booming population growth and demand on services. It does beg the question If we weren't looking after that, what other roads could we look after as well ' said City Manager Chris Murray as city council debated the 2019 budget. Efforts by some to boost taxes to do more to help low-income Torontonians failed amid concerns about the effect on homeowners, especially senior citizens. Andrew Francis Wallace / Toronto Star The budget consists of a 13.5 billion plan to cover operating expenses in 2019 things like city workers' salaries and the day-to-day expenses of running the city and a 40.7 billion 10-year capital spending plan, which covers large infrastructure investments and maintenance of city assets. (news.financializer.com). As reported in the news.

others view: A unique gentleness seems to emanate from you, according to The Toronto Star. If single, you could be nearly suffocated by all your wannabe sweeties. For the most part, others view you in the best light possible. Date all you want. If you're attached, your significant other adores having you alone with him or her. You'll know when you meet the right person. (news.financializer.com). As reported in the news.

confidence commitment: However, as presidential tweets, growth targets and stock surges fill the news cycle, those trying to predict the future of China's economy should also look at the story beneath the headlines, according to Global Times China. This year's growth target, announced by Premier Li Keqiang as 6-6.5 percent, is the figure markets are closely watching. The annual meetings come amid a bullish market and the final countdown to the US-China trade talks. The decision to adopt a target range is evidence of the government's pragmatism amid uncertainties. This rebalancing is well underway. It also reveals confidence and commitment to maintaining economic momentum as China shifts from quantity- to quality-oriented growth. (news.financializer.com). As reported in the news.

framework: Their entry will introduce more EU elements into the BRI framework, as the framework adjusts itself to adapt to the European standard, according to Global Times China. We hope major EU economies can achieve a unified policy toward the BRI. As for some issues concerning infrastructure investment and policies, China now has to consider all these states' different national and economic interests. The three major EU economies share common goals and interests on issues related to the BRI. They are likely to remain in agreement with each other in their general policies if they join the framework. A more integrated economic policy adopted by powerful EU members will improve cooperation efficiency among China and other BRI members. China and Germany can still work out their differences by reducing their trade imbalance and promoting bilateral investment. France has expressed its wish to cooperate with China in concrete programs under the BRI. As for Germany, many of its companies expect new business opportunities from expanding links with the BRI, although government officials have a mixed attitude toward the initiative. (news.financializer.com). As reported in the news.

jadon sancho: 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, according to The Independent. You can form your own view. Among an array of allegations made by German publication Der Spiegel, it was claimed that City's financial matters were built on a web of lies . One accusation claimed that City concealed a payment of 200,000 to the agent of Jadon Sancho upon him joining from Watford, while other internal emails were said to show that City's sponsorships were mostly paid by the club's owner, Sheikh Mansour bin Zayed al-Nahyan. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. In a statement, Uefa said The Investigatory Chamber of the independent Uefa Club Financial Control Body has today opened a formal investigation into Manchester City FC for potential breaches of Financial Fair Play FFP regulations. Subscribe now City have rebuffed all accusations, telling Uefa that the claims were based on hacked or stolen emails something Der Spiegel denies. (news.financializer.com). As reported in the news.

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.