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

government statement: In it he disagreed with a government statement regarding recent protests in the country, according to Deutsche Welle. I think my crime is that during an interview with Deutsche Welle I gave a political opinion which was contrary to the government's opinion, said Zibakalam. A few months before he stood on the stage at the Global Media Forum in Bonn, Zibakalam was arrested after he gave an interview to DW's Persian service. When the government says that the unrest was ordered by enemies of the Islamic Republic of Iran, the government expects that everyone follows suit and repeats that opinion. The government responded by arresting protestors and shutting down the internet. From late December 2017 until January 2018, tens of thousands of Iranians took to the streets to protest Tehran's economic policies, including a recent cut to fuel subsidies and an increase of funding for religious foundations. (news.financializer.com). As reported in the news.

air pollution: Campaigners and politicians fear this could hinder the expansion of the UK's electric fleet, according to The Guardian. Electric vehicles are seen as key to government plans to reduce greenhouse gas emissions and also have a role in cutting air pollution. More than 100 local councils say they have no plans to increase the number of charging points they offer. This week Public Health England called for vastly more electric vehicles to replace petrol and diesel types, to tackle the problem of toxic airin cities. They follow more than a decade of efforts to upgrade the UK's infrastructure to encourage drivers to switch to electric. The findings come from freedom of information requests submitted by the Liberal Democrats, and were shared with the Guardian. (news.financializer.com). As reported in the news.

firms: After an interim report published in July, the regulator gave firms until early 2019 to make it easier for customers to transfer their investments to another company, according to The Guardian. The watchdog said on Thursday that because firms had failed to do so, it planned to introduce a ban or cap on exit fees as well as new rules to allow consumers to switch platforms and remain in the same fund without having to sell their investments. The Financial Conduct Authority has been looking into investment platforms that offer a range of funds online and found that 7% of all consumers wanted to switch but were put off from doing so, with many citing exit fees as a significant hurdle. It is consulting on these measures until 14 June and will announce any steps some time after that. As part of that, we believe it is right that we restrict exit fees, so people can move their money freely. Christopher Woolard, the executive director of strategy and competition at the FCA, said While the market is working well for most of its consumers, the package we've announced today should make it less expensive and time-consuming for investors to shop around and move to the platform that best meets their needs. (news.financializer.com). As reported in the news.

march: A standard version, to be available sometime in 2021, would cost about 39,000, Musk said, according to The Guardian. The vehicle will be the fifth model for the electric carmaker, which has spent the past three years struggling to fulfill its March 2016 promise to produce a mass-market electric sedan for 35,000. Chief Executive Elon Musk said the compact SUV would first debut in a long-range version with a range of 300 miles priced at about 47,000. Tesla finally began selling versions of that sedan, the Model 3, for 35,000 on 28 February, though the milestone came amid typical Tesla chaos the company said it would help achieve the price cut by closing all its stores and moving to online-only sales, only to backtrack less than two weeks later. In late February, the US Securities and Exchange Commission asked a judge to hold Musk in contempt of court for allegedly violating a settlement requiring him not to publish inaccurate and material information about the publicly traded company on his Twitter feed. Other turmoil has stemmed from Tesla's mercurial chief executive, who continues to generate controversy and headlines for all the wrong reasons. (news.financializer.com). As reported in the news.

airlines: To a certain extent, this underlines the public's lack of understanding about Africa, according to Global Times China. In fact, Ethiopian Airlines is one of the best airlines in Africa, with a very good safety record and the newest aircraft fleet on the African continent. Some even said that they would never risk their life to go to Africa. Many visitors to Africa have used the airline. While the cause of the crash remains unknown, people are looking to Boeing for an explanation. Yet, the performance of Ethiopian Airlines cannot hide the weak position of developing countries in dealing with the aviation industry of developed countries. (news.financializer.com). As reported in the news.

lin zhijie: More than 40 countries including Turkey, Germany and France have joined the ban on flying the Boeing 737 Max aircraft after two crashes within five months, showing a global rebellion against the US manufacturer's most popular plane, according to Global Times China. Boeing shares sank 6.15 percent on Tuesday after losing 5.3 percent on Monday, wiping out billions in market capitalization. Photo VCG Wide-spreading bans on the Boeing 737 Max have triggered worries throughout the aviation industry, where insiders said the longer the suspension, the bigger the resulting losses. If the planes are grounded for more than one or two months, production may be affected, hurting Boeing's manufacturing subcontractors, Lin Zhijie, a veteran market watcher, told the Global Times on Wednesday, adding that deliveries of new aircraft could stop while the planes are grounded. More than 35 Chinese companies are direct suppliers to Boeing, producing such components as the rear fuselage section and front boarding gates. Chinese companies have participated in the production of almost all Boeing models, including the 737, 747, 767, 777 and 787 series. (news.financializer.com). As reported in the news.

trade war: I expect to see more specific actions from the two sessions to stabilize the economy and boost technological innovation, Zhang said, according to Global Times China. Zhang noted that last year, despite the trade war between China and the US, the Chinese economy showed strong resilience against downward pressure. The government has delivered a practical, innovative and open work report. In addition, the Chinese government sought to boost industrial upgrading and digital transformation. As the digital drive continues this year, Dassault Systemes is talking with several local governments about building innovation centers to improve intelligent manufacturing, Zhang added. These trends helped Dassault Systemes achieve double-digit growth in revenue in greater China in 2018. (news.financializer.com). As reported in the news.

canadian press: Canadian Press file photo Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014, according to The Toronto Star. Darren Calabrese / THE CANADIAN PRESS Oil is rallying again today, at its highest level since November, after the Energy Information Agency this morning reported an unexpected decline in U.S. inventories, while there's also more indications that OPEC and its allies continue to adhere to those pledges for curbs to production. Crude rose for another day to hit a multi-month high on a combination of rising inventories and cut-backs in production, said Candice Bangsund, portfolio manager for Fiera Capital. The April crude contract closed up 1.39 at US 58.26 per barrel and the April natural gas contract ended up 3.6 cents at US 2.82 per mmBTU. The rise in crude helped push the influential S&P/TSX energy index up 2.18 per cent on the day. The Canadian dollar averaged 75.04 cents US compared with an average of 74.75 cents US on Tuesday. Article Continued Below Higher crude prices also helped lift the loonie for a fourth consecutive day. (news.financializer.com). As reported in the news.

ethiopian: Ted S. Warren / Associated Press The erratic, six-minute flight of the Ethiopian Airlines plane convinced the Federal Aviation Administration that it was close enough to what preceded the Oct. 29 crash of another Max off the coast of Indonesia to warrant concern, according to The Toronto Star. After reviewing the data it became clear to all parties, actually that the track of the Ethiopian Airlines flight was very close and behaved very similarly to the Lion Air flight, agency Acting Administrator Daniel Elwell said Wednesday. The data was critical in persuading the U.S. to join the rest of the world in grounding the jet, according to industry and regulatory officials.A new global satellite network capable of tracking planes from space captured the flight path of the Boeing Co. 737 Max that crashed Sunday in Ethiopia and the data has been shared with investigative agencies, including some that have decided to ground the jet. Canada's Transport Minister Marc Garneau also cited satellite tracking on Wednesday as the reason his country joined more than 50 other nations in grounding the 737 Max models. After years of development and the launches of 66 satellites into orbit, Aireon will introduce a new commercial flight-tracking service in coming weeks. Article Continued Below Where the Boeing 737 Max Can't Fly The data was provided by Aireon LLC, which was formed in 2012 by Iridium Communications Inc. and Nav Canada, a non-profit company that guides air traffic in Canada. (news.financializer.com). As reported in the news.

minister theresa: Lawmakers are expected to reject that proposition, a day after they overwhelmingly voted against Prime Minister Theresa May's divorce agreement for a second time, according to The Toronto Star. Chancellor of the Exchequer Philip Hammond leaves from Downing Street to go to Parliament to deliver his spring statement in London, Wednesday, March 13, 2019. The tariffs, which would last for up to 12 months, were published hours before lawmakers are expected to vote against the possibility of the country leaving the EU on the scheduled Brexit date of March 29 without a deal. European Union officials on Wednesday criticized the U.K. Parliament for rejecting a Brexit deal for a second time as the bloc prepared for a chaotic, cliff-edge departure. European Union officials on Wednesday criticized the U.K. Parliament for rejecting a Brexit deal for a second time as the bloc prepared for a chaotic, cliff-edge departure. Matt Dunham / AP Photo Chancellor of the Exchequer Philip Hammond leaves from Downing Street to go to Parliament to deliver his spring statement in London, Wednesday, March 13, 2019. (news.financializer.com). As reported in the news.

trump: The inquiry is a civil investigation, not a criminal probe, the Times said, adding that its scope and focus were unclear, according to CNN. Cohen testified that Trump inflated his assets and presented copies of financial statements he said were provided to Deutsche Bank. Citing an unnamed source briefed on the subpoenas, the Times reported that the office of New York Attorney General Letitia James opened a new inquiry based on the testimony of Donald Trump's former lawyer Michael Cohen before Congress last month. Investigators requested financial records from the German lender related to the Trump International Hotel in Washington, the Trump National Doral outside Miami, the Trump International Hotel and Tower in Chicago, and an unsuccessful effort to buy the NFL Buffalo Bills, the Times reported. Read More CNN has reached out to the New York attorney general's office and Investors Bank. Investors Bank, based in New Jersey, was subpoenaed for records relating to Trump Park Avenue in Manhattan, the Times said. (news.financializer.com). As reported in the news.

britain women: Britain sent 164 women and 202 men as part of a 366-strong team for the Rio Olympics, according to The Guardian. However, a combination of factors, including heavy investment in women's sport, the strength of the Britain women's football team and the International Olympic Committee's move towards gender balance, means BOA chiefs are confident history will be made in Tokyo. With 500 days to go before the Tokyo Games, internal Team GB data strongly indicates that for the first time women athletes will make up the majority of the squad. Radical Diamond League plans will cut meeting length and ditch long races Read more The Team GB chef de mission, Mark England, told the Guardian that, while most athletes still had to qualify for their events, their internal data based on world rankings and recent performances suggested that around 370 British athletes would be selected the majority of whom would be women. It speaks to the strength of the high-performance system and the investment that has been made across all the national governing bodies over the last 20 years. All indications are that it will happen for the first time, which will be wonderful, he said. (news.financializer.com). As reported in the news.

british pound: The British pound is volatile against the dollar as investors weigh how this week's votes will impact the likelihood of a no-deal, hard Brexit on March 29 the worst-case scenario, according to Market Watch. And while no one is talking about aftershocks elsewhere, the summer of 2016 still haunts us just a little. Because it is another big day on that front, with Parliament due to vote later on whether to approve Prime Minister Theresa May's Brexit plan. To be sure, investors would like to check Brexit uncertainty off the list of overall market worries right now S&P Global Broad Market Index BMI lost 2.08 TRILLION today, and are down 1.50 trillion year-to-date Howard Silverblatt hsilverb June 24, 2016 Stateside, investors will be watching to see if there is more to Monday's impressive session that saw stocks break a string of losses, with the Dow overcoming an early decline attributable to Boeing's skid. That brings us to our call of the day from Steve Grasso, director of institutional sales at Stuart Frankel & Co., who advises investors against reading too much into moves by big tech names Monday. Tech stocks were out in front, but so far Tuesday things are looking a little bit iffy. (news.financializer.com). As reported in the news.

cac px: How did markets perform The Stoxx Europe 600 SXXP, 0.24% was marginally down on Tuesday at 372.60, after finishing up 0.8% on Monday, according to Market Watch. After an initial gain, sterling fell midmorning on news that might reduce U.K. Prime Minister Theresa May's chances in a key Brexit vote due today. The FTSE 100 was initially under pressure, after the pound maintained its recent optimistic rally, but evened out later after the pound fell. That in turn eased early pressure on the FTSE 100 UKX, -0.04% which traded largely flat at 7,136.71, after finishing up 0.3% the previous day. Meanwhile, Germany's DAX DAX, 0.79% declined by 0.3% to 11,511.89 and France's CAC 40 PX1, 0.27% also declined by 0.3% to 5,251.44. The U.K. market can move inversely to sterling, because a strong pound hurts big U.K. firms that make most of their earnings in foreign currency. (news.financializer.com). As reported in the news.

california: Some of the students involved in the cheating plot attended, or were looking to attend, Georgetown University, Stanford University, University of California - Los Angeles UCLA the University of San Diego, University of Southern California USC University of Texas, Wake Forest University, and Yale, 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 We'll tell you what's true. Federal prosecutors charged William Rick Singer, 58, for running the 25m college admissions scam through his Newport Beach, California business, Edge College & Career Network. You can form your own view. Subscribe now Singer's clientele include a long list of prominent wealthy figures ranging from chief executives to Hollywood families. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

club champion: Mr Trump's locker at Trump International Golf Club in West Palm Beach, Florida, reportedly has a new plaque that mysteriously appeared dubbing hi the 2018 Men's Club Champion according to Golf Magazine, according to The Independent. The only problem is that the president didn't play in the championship tournament that year. And, if his country club locker is any indicator, he has been playing competitively. 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.

debit card: The investing app is officially launching its banking services with Green Dot Corp GDOT, -1.01% First announced nearly a year ago, the company is offering banking services through its investing platform, according to Market Watch. Now, any American consumer can open a bank account with Stash, which does not charge any overdraft or monthly maintenance fees. And the company is set to reward you for doing so. Bank-account holders will receive a debit card that can be used for purchases and cash withdrawals. Through the partnership with Green Dot, the accounts come with Federal Deposit Insurance Corporation coverage. Stash customers will have free access to more than 19,000 ATMs within the Allpoint ATM network CATM, 2.60% Using other ATMs will incur a 2.50 fee from Stash as well as any other fees assessed by the ATM's owner. (news.financializer.com). As reported in the news.

clinton: The opinions expressed in this commentary are his own, according to CNN. He was an advisor to John McCain's 2008 presidential campaign and supported Hillary Clinton in the 2016 presidential election. (news.financializer.com). As reported in the news.

id: So far there are more than 26,000 posts tagged on Instagram and countless volunteers have cleaned up parks, roads and beaches around the world. var id function make Embed Script d, id var js,fjs;js id;js.charset '' ;fjs fjs ;js.src id ;View this post on Instagram Have you participated in the Trash Tag Challenge Odds are, if you're in the BSA, this is just another weekend for you! . Over the weekend, this post started going viral for all the right reasons, according to CNN. It's all about helping your community, something all our members are familiar with. . Here's what you need to do to participate 1. This weekend, the trashtag challenge inspired people to go to locations covered in garbage, pick up the trash, and post before and after pictures on social media. Find an area that needs some cleaning or maintenance 2. Take action and do it! 4. Take a before photo 3. (news.financializer.com). As reported in the news.

p gspc: The Dow DJI fell 0.38%, or 96.22 points, while the Nasdaq IXIC rose 0.44%, or 32.97 points, according to Xinhua China. Market participants on Tuesday received a print on the Bureau of Labor Statistic's Consumer Price Index for February. The S&P 500 GSPC rose 0.3%, or 8.22 points, as of market close. The headline figure rose 0.2% month-on-month, as expected, and 1.5% year-on-year. Declines in prices for automobiles and prescription drugs helped drive the decrease in core CPI. With headline CPI inflation edging down to a two-and-a-half-year low of 1.5% in February, from 1.6%, and core inflation dropping to a four-month low of 2.1%, from 2.2%, the Fed would appear to be justified in supporting the real economy by being patient and leaving interest rates on hold for a potentially extended period, Paul Ashworth, chief US economist for Capital Economics, wrote in a note Tuesday. CPI excluding the volatile categories of food and energy considered by many to be a strong indicator of underlying inflation rose 2.1% year-over-year, slower than the 2.2% pace anticipated. (news.financializer.com). As reported in the news.

salary: Her total remuneration package rose to 5.89m in 2018, from 4.88m the previous year, Britain's biggest drugmaker revealed in its annual report, according to The Guardian. Her fixed pay salary, benefits and pension rose slightly to 1.47m, while Walmsley's performance-related pay annual bonus and shares awarded under the company's long-term incentive scheme increased to 4.42m from 3.45m. Walmsley is thought to be the highest-paid female chief executive of a FTSE 100 company at present. Emma Walmsley profile from marketing at L'Or al to GSK chief Read more Late last year, GSK announced plans for a breakup with the spin-off of its consumer healthcare business, in a 10bn joint venture with US rival Pfizer. It was her first full year at the helm, after takingover from Sir Andrew Witty in April 2017, having previously run the consumer healthcare division. It was one of several deals overseen by Walmsley in 2018, when the company's profits before tax rose 36% to 4.8bn. (news.financializer.com). As reported in the news.

scandal spread: The youngest member of Big Bang has announced he will retire to fight the charges and to spare his management agency, YG Entertainment, and fellow band members further embarrassment, according to South Korea's Yonhap news agency, according to The Guardian. The decision came after news of the scandal spread on social media on Monday. But now the singer, a member of one of South Korea's biggest K-pop bands, is facing charges that he procured prostitutes for businessmen in some of Seoul's most fashionable nightclubs. Shares in YG slid by almost 16%, while other K-pop management companies also suffered losses. South Korea nixes diversity rules after saying K-pop stars 'look identical'Read more Prostitution is illegal in South Korea. The 28-year-old was arrested on suspicion of supplying prostitutes to foreign investors at several nightclubs in Seoul's upmarket Gangnam district. (news.financializer.com). As reported in the news.

african skies: The crash was strikingly similar to that of a Lion Air jet in Indonesian seas last year, which killed 189 people, according to The Japan Times. Both accidents involved the Boeing 737 Max 8, and China ordered a temporarily grounding of those planes for Chinese airlines Monday. ; The crash shattered more than two years of relative calm in African skies, where travel had long been chaotic. There was no immediate indication why the plane went down in clear weather while on a flight to Nairobi, the capital of neighboring Kenya. It also was a serious blow to state-owned Ethiopian Airlines, which has expanded to become the continent's largest and best-managed carrier and turned Addis Ababa into the gateway to Africa. At this stage we cannot rule out anything, CEO Tewolde Gebremariam told reporters. Ethiopian Airlines is one of the safest airlines in the world. (news.financializer.com). As reported in the news.

points friday: On Friday, the Nikkei tumbled 430.45 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 9.00 points, or 0.57 percent, higher at 1,581.44 after falling 29.22 points Friday, according to The Japan Times. After opening firmer, the market came under selling pressure stemming from the yen's strengthening against the dollar. The Nikkei 225 average gained 99.53 points, or 0.47 percent, to end at 21,125.09. But a halt to the yen's rise later in the morning prompted investors to buy the dips in view of Friday's sell-off, markets sources said. The Nikkei's drop below 21,000 in the morning fueled bargain-hunting, said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management Co. Shanghai shares' brisk performances also helped buoy Tokyo stocks, they added. (news.financializer.com). As reported in the news.

british shareholders: Ryanair said that to comply with these regulations it would have to restrict the rights of British shareholders, who control about 20% of the company's stock, to bring them into line with other non-EU investors, according to The Guardian. It said this would reduce the risk that the proportion of its shares held by EU nationals falls from around 55% to below half. EU regulations require that airlines flying under a European licence must be majority-owned and controlled by shareholders from the trading bloc. Ryanair's London-listed shares fell by more than 2% by midday on Monday. While he has largely focused on the potential negative impact on airlines flying between the UK and EU, Ryanair confirmed that its investors would also be affected. The outspoken chief executive, Michael O'Leary, has been a vocal critic of the government's handling of Brexit, warning that no deal is increasingly likely. (news.financializer.com). As reported in the news.

stock price: A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from the country's capital Addis Ababa on Sunday, killing all 157 on board, according to The Japan Times. The same model, flown by Lion Air, crashed off the coast of Indonesia in October, killing all 189 on board. The drop around 7 percent in late morning trade wiped nearly 16 billion off Boeing's market value, marking an abrupt reversal for a stock that had been the runaway top performer this year in the Dow Jones Industrial Average. ; With a stock price near 400 a share, it was by far the largest drag on the price-weighted blue chip index on Monday. The grounding of the 737 MAX by China, Indonesia, and Ethiopian are near-term reputational negatives for Boeing that could impact sales, particularly if the FAA follows suit and also grounds the plane, Cai von Rumohr, analyst at Cowen & Co., said in a research note, referring to the U.S. Federal Aviation Administration. Since U.S. stocks began rebounding from the financial crisis in March 2009, Boeing shares have delivered a total return, including reinvested dividends, of nearly 1,600 percent, four times the performance of the full index. Still, von Rumohr and other analysts said the accident should not pose a long-term risk to a stock that has delivered the richest total return among the 30 stocks in the Dow over the 10 years of the current bull market. (news.financializer.com). As reported in the news.