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

capital city: In general, such a case would be seen as a rebel force's attack against government troops, but the current Libya is in a more complex situation, according to Global Times China. Libya is among countries that have borne the brunt of Arab Spring since 2011. The eastern Libyan military commander Khalifa Haftar ordered his troops to advance on the capital city of Tripoli controlled by the UN-recognized Government of National Accord. The West, led by France and the UK, interfered in Libya and overthrew the regime of Muammar Gaddafi. The country has been politically divided since then. The US also took part. (news.financializer.com). As reported in the news.

china: The government is scrapping restrictions in large cities with populations between one and three million, and relaxing such restrictions in cities with between three and five million people in 2019, according to a circular issued by the National Development and Reform Commission on Monday, according to Global Times China. The move is part of a comprehensive drive to promote China's new-type urbanization, which, among other goals, calls for helping 100 million people who currently live in cities but lack an urban household registration. Photo CFP China is relaxing restrictions on hukou or household registration, in second-tier and third-tier cities to help 100 million migrant workers obtain it. China has 88 cities with a population of over one million, according to a media report that cited public data in 2016. The household registration is a crucial document entitling residents to purchasing real estate, registering vehicle, access to medical care, and public education. Seventy-five cities have a population of between one and five million. (news.financializer.com). As reported in the news.

esg returns: It added that the emissions savings that should result from the work to restore and protect natural ecosystems would also serve to address carbon emissions generated by the customers who use Shell's products, according to The Independent. Related articles Why confidence in ESG returns keeps on growing How a failure to implement EU environmental law is costing Europe 55bn a year Global briefing New York Yankees come out to bat for climate changeAT&T dives deep into climate data Ben van Beurden, chief executive at Royal Dutch Shell, said the latest investments are part of the company's wider emission reduction strategy, which has seen the oil giant step up investment in electric vehicle charging infrastructure, renewables, and other clean technologies in recent years. The oil giant said the new programme, which will initially focus on reforestation partnerships in Spain and the Netherlands, is designed to support its recently announced target to reduce its Net Carbon Footprint by two to three per cent over the next three years. There is no single solution to tackling climate change, he said in a statement. Shell will play its part. A transformation of the global energy system is needed, from electricity generation to industry and transport. (news.financializer.com). As reported in the news.

economy booms: That's the message from Keynes, Hayek and Minsky, according to Market Watch. Easy credit helps the productive economy grow, but if taken too far it can lead to dangerous bubbles in stocks, housing or other assets that too often end with a big bang and a credit squeeze that hits the innocent and guilty alike. Why do we care Because the flow of credit may be the most important variable in whether the economy booms or busts. The Fed is almost always taken by surprise when the supply of credit dries up and the economy plunges into recession. Decisions about lending and borrowing are, at the bottom, emotional decisions, largely hidden from the view of economists and policy makers. The Minsky moment always sneaks up on the Fed because it doesn't have good data on the supply of credit. (news.financializer.com). As reported in the news.

enterprises: Darrell Steingberg, mayor of California's state capital, and other representatives from Chinese and American enterprises participated in the event, according to Global Times China. During the event, Steinberg said that he believes in the future of Chinese and US trade and wants to be one force to promote the development of Chinese and US relations. Photo Wang Shan/GT For the purpose of promoting mutual understanding of the investment environment and related investable projects between Chinese and US enterprises, California state, the US, held Sacramento's promotional event conference Smart Investment & Rewarding Choice, which took place in Beijing on March 29. He also expressed his expectation for drawing more Chinese enterprises to come to Sacramento and be part of the competitive fields in education, life science, health food, and advanced technology in the region. Representatives from China and the US exchanged ideas on the local investment environment, key projects and current developmental opportunities. China and the US conducted in-depth exchanges on Sacramento's advantageous resources during the conference, such as power, transportation and education. (news.financializer.com). As reported in the news.

health-care industry: That could mean it's time for bargain hunters to load up, according to Market Watch. Still, this is a troubled corner in a health-care industry going through a significant transformation. They trade at very low valuations to earnings estimates. One analyst and four money managers shared varying opinions about the two brick-and-mortar pharmacy giants for this article. The forward P/E ratio for Walgreens has fallen to 8.9 from 10.3 a year ago, while the P/E for CVS has narrowed to 7.8 from 9.9. Big drops and cheap stocks The S&P 500 Index SPX, -0.61% has returned 15.5% this year through April 4, with only 38 of the stocks showing declines with dividends reinvested . Those include Walgreens Boots Alliance WBA, -1.02% which is down 20%, and CVS Health CVS, -0.79% which is down 18%. The S&P 500 trades for 16.7 times weighted aggregate consensus earnings estimates for the next 12 reported months, only slightly higher than the forward price-to-earnings ratio of 16.6 a year ago. (news.financializer.com). As reported in the news.

interest rates: Economists insist there are limits to the comparison, though, while acknowledging that a prolonged period of European stasis, deflation and central bank impotence remains a threat, according to The Japan Times. I'm very worried about it, said Adam Posen, president of the Peterson Institute for International Economics, whose areas of expertise include both Japan and Germany. The region's bout of misery this year Germany's industrial slump and the struggle to fix its banks, Italy's inability to reform, the apparent defeat of central bankers seeking to wean the euro area off stimulus may seem to make perpetual malaise look inevitable. ; The eurozone's economy is similar in important ways to its Asian counterpart two decades ago Interest rates at or below zero, the mountains of debt and nonperforming loans, populations transitioning from an aging society to an aged one. Europe's Japanification is a real risk. Here are some of the ways Europe is heading in that direction and some of the ways it isn't. Japan's so-called lost decade, triggered by the bursting of a bubble in stocks and real estate, pushed the economy into anemic growth or none at all, with rising unemployment and falling interest rates. (news.financializer.com). As reported in the news.

canberra: Clean Energy Finance Corporation CEO Ian Learmonth says there are about 7000 electric vehicles on Australia's roads and sales amount to about 0.1 per cent of new cars, according to Nine News Australia. It's certainly no secret we're well behind in terms of the uptake of EVs, he told a Senate estimates hearing in Canberra today. To improve your experience update it accuses Labor of launching a 'war on weekends'By AAP10 33pm Apr 8, is well behind other countries in the uptake of electric vehicles, senators have been told. We are significantly behind the uptake of EVs in this country relative to what we might see as comparative markets. There needs to be more affordable models available to Australians, potentially support from government in terms of duties and taxes and also addressing the issue of range anxiety, Mr Learmonth said. CEFC sees EVs as important in reducing emissions across the transportation sector, he added. (news.financializer.com). As reported in the news.

bags: People are saying that going out of the city is safer, we have bags packed, we're all ready to leave on short notice, but everything we have is in our home, according to The Guardian. If we leave, vandals may come. We are sandwiched between the forces, people are wondering what to do, we are frightened, said one woman, who asked to remain anonymous, living with her family in the southern suburbs. They can break in easily, theft is so common here. For now we will stay, but I pray it is the right decision. Then we lose everything. (news.financializer.com). As reported in the news.

dorothy r: Todd Gormley is an associate professor of finance there, and Todd Milbourn is the Hubert C. & Dorothy R. Moog professor of finance, according to CNN. The opinions expressed in this commentary are their own. Louis. (news.financializer.com). As reported in the news.

farting oxen: The fools destroyed by their own recklessness when they ate the farting oxen of McDonald the Clown, and that God snuffed out their tax returns, according to MSNBC. Of these things, speak, Immortal One, and tell the tale once more in our in the mode of epic poetry is made necessary to match the epic, and tragic, self-regard of this its subject, one Alexandria Ocasio-Cortez Queen of the Vandals, the on-staff Boyfriend, and the Lost Boys, Protector of the 14th district, Khaleesi of the Great Grass Growers, Lady of the Bronx, Breaker of Brains, and Mother of Dragon Spirits. Speak of all the cities in which she could not afford to live, the minds she failed to grasp, the suffering deep in her heart and brain at sea, as she struggled to survive and bring hope to the American people, but could not save them, hard as she tried. Or, at least, I assume that's how she styles herself, but one can never be sure. Not so long ago, in the early days of 2019, I was persuaded that we were witnessing the rise of a Donald Trump-level media manipulator in Ocasio-Cortez. Let me say at the outset that I regret the necessity of this column. (news.financializer.com). As reported in the news.

friday week: This year, Good Friday will fall on April 19 while Easter Monday will fall on April 22 and Anzac Day on April 25, according to Nine News Australia. This means if somebody who works a standard Monday to Friday week, could submit an annual leave application for April 23, 24 and 26, they will lock in an impressive and no doubt well-deserved 10 days off. To improve your experience update it here News National How to extend your Easter holiday break with a bit of careful planning By 9News Staff5 20pm Apr 8, 2019Facebook Tweet Mail If you speak with your manager now, you could score an impressive 10-day break over Easter by using just three annual leave days. The last time these holidays coincided was 2014 and it won't happen again until 2025. However, not everybody is happy with the shutdown, which can be costly for some, and even dangerous. While it seems too good to be true, many businesses are in fact already implementing a forced break over the period, including those in the electrical, plumbing, construction, energy, forestry and mining industries. (news.financializer.com). As reported in the news.

march polls: The AKP has demanded recounts in both cities. ; Finance Minister Berat Albayrak, who is Erdogan's son-in-law, is expected this week to announce to jittery foreign investors the structural reforms he hopes will revive an economy plagued by high inflation and a fragile currency, according to The Japan Times. State-owned Anadolu news agency said the announcement will be made Wednesday. Erdogan's Islamist-rooted AK Party AKP in power nationally since 2002, lost control of the capital, Ankara, and the business hub of Istanbul in the March 31 polls, initial results showed. After a currency crisis last year that saw the lira lose nearly 30 percent of its value, economists say Turkey needs to make long-term commitments to increase exports, relieve debt-laden companies and free up the central bank to do its job. But many analysts are skeptical about the chances for a comprehensive reform plan, especially after the elections, and fear the AKP will opt instead for short-term stimulus measures that fail to tackle, and may even exacerbate, deeper weaknesses. Erdogan, who campaigned hard ahead of the vote, said on election night the AKP will now refocus on the economy. (news.financializer.com). As reported in the news.

nikkei: It rose 5.70 points Friday, according to The Japan Times. The Nikkei retook 21,900 for the first time since Dec. 5 on an intraday basis right after the opening bell. The Nikkei 225 average lost 45.85 points, or 0.21 percent, to end at 21,761.65 after gaining 82.55 points Friday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 5.61 points, or 0.35 percent, lower at 1,620.14. Investors took heart from Wall Street's advance Friday on stronger than expected growth in U.S. nonfarm payrolls in March, market sources said. Although the Nikkei briefly returned to the sunny side late in the morning, trading was sluggish for the whole day without powerful buying incentives. But the key market gauge, as well as the Topix, soon headed south on selling to lock in profits, the sources said. (news.financializer.com). As reported in the news.

tractors trucks: Also imminent is the report into fish kills by a government-appointed expert panel, headed by Robert Vertessy, whose interim work suggested that without more inflows more fish kills could be expected, according to The Independent. With an eye to the rising anger, the government has announced a Murray-Darling Basin-wide study to assess social and economic conditions in river communities, reporting in December. On Tuesday morning, southern farmers, irrigators and fellow residents will drive tractors and trucks into the centre of Albury-Wodonga to protest about water. Murray-Darling water plan Labor says it's prepared to override states Read more While you will hear some government members say we just need rain, the Albury protest is about so much more than that. Farmers largely accept there needs to be environmental water. It is not farmer versus the environment, though some farmers clearly rail about the environmental take. (news.financializer.com). As reported in the news.

unemployment rate: That Trump would choose candidates with such proclivities should be no surprise, according to The Independent. After all, in addition to the alternative-factualizing that the president is perhaps best known for birtherism, crowd size, carcinogenic windmills he has also regularly attacked government economic statistics, such as the unemployment rate, calling them phony, fake or cooked to make Democrats look good. They're also rabid conspiracy theorists, at least when such theorizing has proved convenient to their partisan agenda. Unless those same, independently produced statistics made him look good, of course. Moore is a career political operative whose singular motivation is helping Republicans cut taxes. They may have been phony in the past, but it's very real now, then-White House press secretary Sean Spicer quoted Trump as saying about employment numbers his boss had previously questioned. (news.financializer.com). As reported in the news.

wall street: Pinterest would raise 1.2 billion at the midpoint of that range, according to Market Watch. The San Francisco-based company tried to explain itself to Wall Street, where some investors might still not understand what the company does, but it was not able to come up with something succinct or catchy such as online scrapbooking site, or an online image discovery engine. The company, which appears to be attempting the sunset version of dual-class stock, is expected to go public later this month, and it was last valued at about 12 billion as a private company. What is Pinterest Instead, the company said Pinterest is where more than 250 million people around the world go to get inspiration for their lives. Pinterest said it calls its users Pinners and it has an apt stock symbol PINS, and it plans to be listed on the New York Stock Exchange. They come to discover ideas for just about anything you can imagine daily activities like cooking dinner or deciding what to wear, major commitments like remodeling a house or training for a marathon, ongoing passions like fly fishing or fashion and milestone events like planning a wedding or a dream vacation. (news.financializer.com). As reported in the news.

katrina odgers: When Katrina Odgers, from Beerwah on the Sunshine Coast, was diagnosed with breast cancer in May 2017, doctors told her the disease had already spread to her lymph nodes, according to Nine News Australia. She underwent six months of chemotherapy, followed by radiation and surgery but not all of the cancer cells were removed. To improve your experience update it single mum fighting cancer left with 6500 childcare bill By Emily McPherson11 40am Apr 8, 2019Facebook Tweet MailA Queensland single mother-of-two with cancer has told how she was left with a 6500 child care bill because of a mistake made by Centrelink. Ms Odgers has since had another six months of chemotherapy. Both Isabella and Asher have special needs. Ms Odgers, 46, said the cancer treatment had left her in pain and affected her cognitive functions to a point where she was unable to adequately care for her two children, Isabella, 3, and Asher, 9. (news.financializer.com). As reported in the news.

trump: Melber examines how Trump's nomination of Pizza magnate and conservative media star, Herman Cain and economic pundit Stephen Moore to positions on the Federal Reserve board breaks with convention and appears to politicize an office that is traditionally independent and , according to MSNBC. Melber examines how Trump's nomination of Pizza magnate and conservative media star, Herman Cain and economic pundit Stephen Moore to positions on the Federal Reserve board breaks with convention and appears to politicize an office that is traditionally independent and trying to hand keys to U.S. economy to Herman trying to hand keys to U.S. economy to Herman a special report, MSNBC Chief Legal Correspondent, Ari Melber breaks down how President Trump is moving to give two people who critics say may not be qualified, a great deal of power over the U.S. economy. (news.financializer.com). As reported in the news.

washington post: But Mayor Pete now wants to be president of the United States, and the media elites have been tripping over each other to transform him from a political unknown into the latest Democrat rock star, according to MSNBC. The New York Times, Washington Post, Huffington Post, Newsweek, The Atlantic, CNN, ABC, MSNBC, PBS, and the rest of the Fake News conglomerate can't get enough of him, or do enough for him. That would have been the standard response up until a couple of weeks ago, unless one happens to be a resident of South Bend, Indiana, where Buttigieg has been serving as mayor for the past seven years. Doors magically opened for the new phenom for appearances with Joe Scarborough and Mika Brzezinski on MSNBC's Morning Joe, Jake Tapper on a CNN Town Hall, Chuck Todd on NBC's Meet the Press, Stephen Colbert on The Late Show, Seth Meyers on Late Night, The Daily Show with Trevor Noah and all the ; David Brooks, the faux conservative at the New York Times, gushed that Buttigieg's meteoric rise is the biggest star-is-born moment since Lady Gaga started singing Shallow.' Right now, you could make the case that Pete Buttigieg's 7 million is the single most impressive fundraising report we've seen from any of the candidates, NBC's Chuck Todd said. Pete Buttigieg is doing this for the first time for the last four months, so his 7 million was the most organic and came literally starting from scratch, in that he didn't even have a big email list. While he didn't raise more than Bernie Sanders and he didn't raise more than Kamala Harris or Beto O'Rourke, all three of them all had fundraising committees in place over the last two or three years or, in Bernie's case, the last ten. (news.financializer.com). As reported in the news.

women: But when it came to the fund managers we interviewed, almost all were men, according to The Guardian. The readership, too, was overwhelmingly male. I took over the job from another woman, many of the journalists I commissioned were women, and most of the press officers I spoke to were women. Women clearly understood how the stock market worked; they just weren't investing in it themselves. It seems that even women who have money to put aside tend to squirrel it away rather than try to grow it. An adage in the financial sector goes that women save and men invest and this still rings true. (news.financializer.com). As reported in the news.

yoweri museveni: Uganda must find the kidnappers of the American Tourist and guide before people will feel safe in going there, the president tweeted, according to The Guardian. Bring them to justice openly and quickly! In his own tweet on Monday, the Ugandan president, Yoweri Museveni, promised to deal with these isolated pockets of criminals . Ugandan police rescue US tourist and driver kidnapped in national park Read more I want to reassure the country and our tourists that Uganda is safe and we shall continue to improve the security in our parks. Amid fears the incident could deter tourists from visiting the east African country, Donald Trump called on Twitter for the kidnappers to be found. Come and enjoy the Pearl of Africa, he wrote. The kidnappers demanded a ransom of 500,000 for Endecott's release. Ugandan authorities said on Sunday that Kimberley Sue Endecott, 35, and her driver, Jean Paul, had been rescued unharmed after being seized by gunmen in Queen Elizabeth national park, near the border with Democratic Republic of Congo, on 2 April. (news.financializer.com). As reported in the news.

chinese: This marked the fourth consecutive month of net purchase of Chinese bonds by foreign investors, according to Global Times China. Official data showed that Chinese bonds held by international investors surged 46 percent year-on-year by the end of 2018. Overseas institutions' deposits of Chinese bonds in the China Central Depository and Clearing Co totaled 1.51525 trillion yuan 225.5 billion as of the end of March, up 2.785 billion yuan month-on-month. China's yuan-denominated bonds started to be added to the Bloomberg Barclays Global Aggregate Index on April 1. When fully implemented, China will be approximately 6.06 percent of the index, using data as of January 31 this year, according to Steve Berkley, head of indices at Bloomberg. A total of 356 government and policy bank bonds will be added to the index over the next 20 months. (news.financializer.com). As reported in the news.

dem-oreg .,: People are looking to the next quarter and waiting to see what the next big partnership will be, that's what will spark a resumed rally, according to Market Watch. The Strengthening the Tenth Amendment Through Entrusting States Act, or States Act, was introduced by Sens. Cannabis stocks have been resting after a big run-up in the first two months of the year, said Korey Bauer, portfolio manager of the Cannabis Growth Fund CANNX, -0.60% a mutual fund recently launched by Foothill Capital Management. Elizabeth Warren, Dem-Mass. and Cory Gardner, R-Colo. on Thursday, along with Reps. The bill seeks to amend the federal law that continues to ban cannabis to include exemptions for businesses and individuals who comply with state laws. Earl Blumenauer, Dem-Oreg., and Dave Joyce, Rep-Ohio. (news.financializer.com). As reported in the news.

interest rates: And Herman Cain, 73, previously served as a board member at the Kansas City Federal Reserve Bank and is the former CEO of a pizza restaurant chain, according to The Japan Times. Cain, a candidate for the Republican Party's nomination in the 2012 presidential election, suspended his campaign following allegations of sexual misconduct, which he denied. Not only did he again urge the Fed to lower interest rates, but he tapped two unconventional loyalists to fill two empty seats on the Fed board. ; Stephen Moore, 59, is a controversial economist and former Trump campaign adviser. With the 2020 election looming, Trump often praises the health of the U.S. economy but on Friday he said that he wants it to take off like a rocket ship. Trump's moves have alarmed some experts, but he is not alone in thinking the Fed went too far last year; some economists such as Joseph LaVorgna from Natixis think it tightened too much. To make that happen, he urged the Fed to restart its post-financial crisis quantitative easing program of buying bonds to add liquidity to the economy. (news.financializer.com). As reported in the news.

judges power: The prosecutors asked her to meet them for voluntary questioning as an unsworn witness, but the request was turned down, which prompted them to ask judges to question her on their behalf before they open the first hearing on the allegations, public broadcaster NHK reported, according to The Japan Times. Such a request gives judges the power to question on a mandatory basis witnesses who refuse to testify, according to the broadcaster. Tokyo prosecutors are considering questioning Ghosn's wife, Carole, over an allegation that part of the automaker's sales incentive payments to an Omani distributor was channeled to her company for personal use, the sources said. ; Prosecutors suspect that Carole Ghosn's company used the money partly to fund the purchase of a luxurious yacht mainly for their family's use. Prosecutors were not immediately available for comment. I don't think they've done enough. Meanwhile, Carole Ghosn has flown to Paris to appeal to the French government to help her husband and said the government should do more for him, the Financial Times reported on Sunday. (news.financializer.com). As reported in the news.