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

book payment: Toshiba said last November it would sell Toshiba America LNG Corp. to ENN Ecological for 15 million as part of its restructuring measures and would pay about 93 billion 836 million to the Chinese company, given the risk the business would be unprofitable with a future drop in LNG prices, according to The Japan Times. Toshiba had planned to book the payment as a special loss in the fiscal year that ended March 31 but will now estimate the impact of the cancellation of the deal on its earnings. The Chinese company notified Toshiba of its decision, citing considerable uncertainty partly caused by the delayed completion of the purchase, Toshiba said late Thursday. ; The deal, initially planned to be wrapped up by the end of March, has yet to be completed due to the prolonged approval process of the Committee on Foreign Investment in the United States. The company is in the midst of efforts to restore its footing after suffering huge losses in the U.S. nuclear power industry. Toshiba aimed to procure the LNG for Japanese utility companies for power generation but LNG prices have since declined, making it difficult to make the operation profitable. In 2013, the firm said it had signed a deal with a U.S. firm to secure rights to process U.S.-produced natural gas into 2.2 million tons of LNG annually over 20 years from 2019. (news.financializer.com). As reported in the news.

china ceec: As the last stop of his visit to Europe, Chinese Premier Li Keqiang is scheduled to attend the eighth leaders' meeting of China and CEEC. Before the summit, the Chinese premier was in Brussels for the 21st China-EU summit, according to Global Times China. On Thursday local time, Li met with senior officials and state leaders, including Czech Prime Minister Andrej Babis, Slovak Prime Minister Peter Pellegrini, Albanian Prime Minister Edi Rama and Bulgarian Prime Minister Boyko Borissov, where consensuses to enhance cooperation were reiterated. Photo Xinhua Increasing cooperation between China and Central and Eastern European Countries CEEC is neither driving the latter away from European integration nor making the continent more divided, Chinese analysts stressed, as leaders from China and CEEC gathered in Croatia on Friday for their annual meeting. While visiting the Croatian capital Zagreb on Wednesday before traveling to the summit in the country's southern coastal town of Dubrovnik, one of the locations where HBO's popular series was filmed, Li said that Our relationship isn't Game of Thrones, but real cooperation. On the contrary, the 16 1 has proven to be a mechanism that plays a positive role for CEEC to be better engaged in globalization and European integration, Wu Yikang, the director of the European Studies Center at the Shanghai Academy of Social Sciences, told the Global Times. His remarks come amid concerns over whether a closer relationship between China and CEEC will make Europe more divided as the 16 1 is yielding concrete fruits despite Europe labeling China an economic competitor in industrial fields and a systemic rival in the political sector last month. (news.financializer.com). As reported in the news.

dow jones: How did the benchmarks fare The Dow Jones Industrial Average DJIA, 1.03% gained 269.25 points, or 1%, to end at 26,412.30, while the S&P 500 index SPX, 0.66% rose 19.09 points, or 0.7%, to finish at 2,907.41, according to Market Watch. The Nasdaq Composite Index COMP, 0.46% advanced 36.80 points, or 0.5%, to close at 7,984.16. The rise by the blue-chip gauge was paced by gains for shares of JPMorgan and Walt Disney Company, which rallied after the entertainment giant unveiled plans for its new streaming service. For the week, while the S&P 500 gained 0.5% and the Nasdaq added 0.6% while the Dow edged down 0.1%. What drove the market Quarterly results from Dow component JPMorgan Chase & Co., which kicked off a new earnings season early Friday, were better than expected, while Wells Fargo & Co. also posted robust revenue and in-line earnings. U.S. import prices rose sharply in March for the second straight month, the government said, though most of the 0.6% jump in March can be blamed on rising fuel prices. Strong bank earnings bolstered confidence in the underlying economy, and JPMorgan Chief Executive James Dimon further underscored this message, noting that, Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong. (news.financializer.com). As reported in the news.

dow jones: That move came as the Dow Jones Industrial Average DJIA, 1.03% the S&P 500 index SPX, 0.66% and the Nasdaq Composite Index COMP, 0.46% were on the verge of breaking above their all-time closing peaks, according to Market Watch. Read The volatility cavalry' is coming for the stock market, other assets, according to this chart The VIX itself, which uses S&P 500 options to measure trader expectations for volatility over the coming 30-day period and is often referred to as a guide to the level of investor fear, has declined by 67% after spiking above 36 back in December amid a brutal selloff at the end of 2018. The VIX VIX, -7.76% referring to index's ticker symbol, hit an intrasession low at 11.95 on Friday, marking its lowest level since Oct. 3, according to Fact Set data. However, stocks have U-turned higher, with the VIX, which tends to move inversely to stocks, turning south. The tone was seen as an about-face from the Fed's hawkishly received December meeting when it delivered its fourth rate increase of 2018, representing the ninth increase in borrowing costs for markets since the end of 2015. Gains for the market have been supported by an apparent reversal in policy by the Federal Reserve, which said a weakening global economy was giving it reason to pause interest-rate increases that had been seen as tightening financial conditions and roiling stock benchmarks. (news.financializer.com). As reported in the news.

billionaire executive: The comments from the billionaire executive came as he rebuked social media companies like Facebook and Twitter upon receiving the Simon Wiesenthal Centre's Humanitarian Award on Thursday, according to Nine News Australia. Hitler would have loved social media, he said, according to Variety. To improve your experience update it here News World Disney 'Hitler would have loved social media'By Matt Dunn Senior Producer10 36am Apr 12, chairman and CEO Bob Iger has said Hitler would have loved social media during a ceremony in which he was being honoured with a humanitarian award. It's the most powerful marketing tool an extremist could ever hope for because by design social media reflects a narrow world view filtering out anything that challenges our beliefs while constantly validating our convictions and amplifying our deepest fears. Social media allows evil to prey on troubled minds and lost souls and we all know that social news feeds can contain more fiction than fact, propagating vile ideology that has no place in a civil society that values human life. It creates a false sense that everyone shares the same opinion. (news.financializer.com). As reported in the news.

company: Quadrant Capital Management Llc who had been investing in Comcast Corp New Cl A for a number of months, seems to be bullish on the 185.75 billion market cap company, according to MSNBC. The stock decreased 0.10% or 0.04 during the last trading session, reaching 41.04. The institutional investor held 76,702 shares of the television services company at the end of 2018Q4, valued at 2.61M, up from 39,001 at the end of the previous reported quarter. About 8.46M shares traded. It has outperformed by 1.62% the S&P500. Comcast Corporation CMCSA has risen 5.99% since April 12, 2018 and is uptrending. (news.financializer.com). As reported in the news.

downside targets: On the other hand, a smaller number of investors are convinced the market is heading to new highs and are aggressively buying technology stocks, according to Market Watch. What should a prudent investor do Let's explore the issue with the help of a chart. They're referring to well-reasoned articles published in the media. Chart Please click here for an annotated chart of SPDR S&P 500 Trust ETF SPY, 0.68% which reflects the S&P 500 Index. The chart shows four potential downside targets. Please note the following The chart shows two potential upside targets. (news.financializer.com). As reported in the news.

ghosn: Ghosn, 65, was served a fourth arrest warrant on April 4 over a new allegation that his misuse of Nissan funds led the automaker to sustain a 5 million loss, according to The Japan Times. The new allegation came less than a month after he was released on bail. ; The latest decision by the Tokyo District Court came as the Sunday deadline for his release from his latest detention was approaching. Chairman Carlos Ghosn to April 22, following his rearrest last week over fresh allegations of financial misconduct. His lawyers appealed the decision the same day. The new arrest warrant was served for a different allegation aggravated breach of trust over payments made to a distributor in Oman that totaled 15 million between December 2015 and July 2018. Ghosn has already been indicted on charges of violating Japan's financial instruments law by allegedly underreporting his remuneration to regulators, and aggravated breach of trust in relation to the alleged transfer of private investment losses to Nissan. (news.financializer.com). As reported in the news.

retailing shares: On Thursday, the key market gauge rose 23.81 points. ; On the other hand, the Topix index of all first-section issues ended down 1.12 points, or 0.07 percent, at 1,605.40, after declining 1.14 points the previous day, according to The Japan Times. After moving sluggishly in early trading following a strong start, the Nikkei firmed gradually due mostly to hefty purchases of clothing chain Fast Retailing triggered by rosy earnings announced Thursday for the half ending in February, market sources said. The 225-issue average gained 159.18 points, or 0.73 percent, to close at 21,870.56 on the Tokyo Stock Exchange, its highest finish since Dec. 5. The Nikkei maintained its strength in afternoon trading, bolstered mainly by continued buying of Fast Retailing shares, the sources said. Fast Retailing alone pushed up the Nikkei by about 160 points on a closing basis, a market source said. In the meantime, the Topix remained in negative territory for most of the session as buying was held in check ahead of the release of Japanese and U.S. corporate earnings next week, the sources said. (news.financializer.com). As reported in the news.

scrutiny criticism: Tianjin regulators Friday sent an inspection team to the company to inspect potential problems and supervise the rectification, according to Global Times China. VCG's website has been shut down. VCG's shares opened 25.20 yuan 4 on Friday, taking a dive by the daily limit of 10 percent, after representatives of the company were summoned by regulators in North China's Tianjin Municipality in midnight Thursday for containing sensitive and harmful information in some of its photo captions that cause serious damage, said a post on the authority's WeChat account. Other domestic photo providers like quanjing also became inaccessible on Friday. VCG apologized on Weibo, saying that We accept the scrutiny and criticism of netizens and media and will coordinate with the supervision department for a thorough rectification. China's National Copyright Administration NCA issued a statement on Friday, urging image providers to strengthen their management mechanism of intellectual property IP . The administration vowed to carry out measures to regulate the market order of image IPs. (news.financializer.com). As reported in the news.

trump administration: US President Donald Trump said the upcoming trade pact between Washington and Beijing will be epic and historic, and he has more than once anticipated a grand signing ceremony attended by leaders of the two largest economies, according to Global Times China. It is reasonably assumed that Trump wants the pomp to display to his domestic electorate that he can deliver this epic deal. The world ought to have the patience to see how the protracted tussle will play out. Trump, a veteran businessman and once a political novice, has become an increasingly experienced politician. That explains why a senior trade official from the White House said the Trump administration remains not satisfied with the latest round of talks in Washington; it wants to extract more concessions from China. With the next US presidential election 18 months away, Trump senses he has adequate time to prolong the high-profile trade negotiations so that he could seek more compromises from China. (news.financializer.com). As reported in the news.

m shares: Harvard Management Co Inc who had been investing in Apple Inc for a number of months, seems to be bullish on the 931.86B market cap company, according to MSNBC. The stock decreased 0.67% or 1.33 during the last trading session, reaching 197.62. The hedge fund held 1.04M shares of the computer manufacturing company at the end of 2018Q4, valued at 164.19 million, up from 107,903 at the end of the previous reported quarter. About 15.86M shares traded. AAPL has risen 0.49% since April 12, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.

industry: Inner metropolitanMP Immigration Minister David Coleman, Liberal Party 1.4 per Dragone Greens Chris 40 sq km Industry Light manufacturing, commercial and retail industry, tourism, bakeries, chocolate making and health services, according to Nine News Australia. Inner metropolitanMP Labor frontbencher Linda Burney 8.3 per cent --Bennelong Size 60 sq km Industry Light manufacturing, commercial and retail businesses. To improve your experience update it here News National Profiles of all 151 federal seats By AAP3 40pm Apr 12, SEATS - COMPLETE LIST151 seats in the House of 1913 sq km Industry Mainly residential with tourism, retail and some light industry at Hume Inner metropolitan Related ArticlesSA's recreational reservoir opens Day 4 of the federal election campaign Dutton regrets disability 'excuse' jibe New seat notionally Labor 8.9 per cent Challengers Ed Cocks Liberal Senator David Smith Labor Johnathan Davis Greens --Canberra Size 312 sq km Industry Mainly residential with tourism, retail and some light industry at Fyshwick Inner metropolitanMP Gai Brodtmann, retiring, Labor notionally 12.9 per cent after 2018 Zaki Liberal Alicia Payne Labor Tim Hollo Greens Fenner Size 238 sq km Industry Mainly residential with tourism, retail and some light industry at Mitchell Inner metropolitanMP Andrew Leigh, Labor notionally 11.8 per cent after 2018 Castley Liberal Andrew Braddock Greens --NSWBanks Size 53 sq km Industry Light manufacturing, commercial and service industries. Inner metropolitanMP John Alexander, Liberal Party 4.9 per cent Challengers Edwina Clifton Greens Brian 786 sq km Industry Fishing and oyster farming from the Hawkesbury River area. Outer metropolitanMP Julian Leeser, Liberal Party 16.5 per cent Challengers Monica 61 sq km Industry Retail, commercial and service industries including railway workshops, aircraft repairs, transport and storage. Retail, service and various small industries including hobby farming, citrus fruit orchards, poultry farming, horticulture, and tourism. (news.financializer.com). As reported in the news.

opioid epidemic: The re-arrest come as Australian researchers reveal the country is on the brink of a new opioid epidemic largely due to shadowy digital marketplaces, according to Nine News Australia. Cody Ward, 25, was arrested in February after NSW Police began unravelling a sophisticated and large-scale drug network which they traced to the state's south coast. To improve your experience update it here News NationalNSW man charged again over dark web drugs By AAP12 49pm Apr 12, 2019Facebook Tweet Mail An alleged NSW dark web kingpin has been hit with fresh charges two months after his lavish lifestyle - protected for years by encryption and aliases - came to an end when he was placed in handcuffs. Investigators say the baby-faced Ward, allegedly known to customers and authorities only by the pseudonym NSWGreat, had made millions of dollars posting drugs to thousands of customers. Australian Federal Police were working to unmask NSWGreat even as he granted interviews to reporters and the public through encrypted programs. Cryptocurrency accounts allegedly linked to Ward had 17 million worth of transactions. (news.financializer.com). As reported in the news.

oil: Having recently moved house, I registered with a new doctor and enquired about getting the oil for my pain management, according to The Guardian. The request for oil containing THC was met with incredulity and a lecture on the dangers it could have on my mental health. I'd hoped that acquiring cannabis oil legally would be a formality by now, but the door still remains firmly closed. I had to bite my tongue as I was offered ibuprofen or Oxy Contin instead the former can rot your guts and the latter can leave you addicted to opiates. The UK is the world's largest supplier of legal cannabis, but we somehow face a shortage of the drug However, I had my suspicions this may happen. To say the least, it was a disappointing appointment. (news.financializer.com). As reported in the news.

policy: POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5 15 a.m, according to MSNBC. To learn more about POLITICO Pro's comprehensive policy intelligence coverage, policy tools and services, click here. Facebook Twitter Email Print More faint praise for Cain By BEN WHITE bwhite politico; morningmoneyben AUBREE ELIZA WEAVER aweaver politico; 08 00 AM EDTEditor's Note This edition of Morning Money is published weekdays at 8 a.m. QUICK FIXMore faint praise for Cain NEC Director Larry Kudlow offered further evidence for MM's view that Herman Cain is not likely to make it to the Fed when he said the White House still supports the 2012 presidential candidate for the moment but would not prejudge the vetting process. We will see how that turns out. Cain's presidential bid got knocked off course in part by sexual harassment allegations. (news.financializer.com). As reported in the news.

benchmarks fare: What drove the market Investors are treading carefully ahead of a first-quarter earnings season that begins in earnest Friday, with reports due from two of the nation's largest banks JPMorgan Chase & Co.JPM, 4.69% and Wells Fargo & Co, according to Market Watch. WFC, -2.62% which could provide clues on the health of the U.S. economy and its banking sector. How did the benchmarks fare The Dow Jones Industrial Average DJIA, 1.03% fell 14.11 points to 26,143.05, the S&P 500 index SPX, 0.66% edged up 0.11 point to 2,888.32, and the Nasdaq Composite Index COMP, 0.46% dropped 16.88 points, or 0.2%, to 7,947.36. With analysts projecting S&P 500 earnings to fall 4.2% year-over-year, market participants may be wary of making broad bets before getting a peek at first quarter results, and more important, hearing from management on their outlooks for the year ahead. Minutes from the Federal Reserve released Wednesday show that policy makers last month dropped plans for further rate increases in 2019 due to unease over the U.S. and global economies, though some members of the rate-setting Federal Open Market Committee didn't rule out a rate increase toward the end of the year. WFC, -2.62% Investors are also wrestling with growing signs of anemic growth throughout the world, which could deflate appetite for assets perceived as risky like stocks even as indexes hover near all-time highs. (news.financializer.com). As reported in the news.

chinese citizens: The backdrop of testy China-US trade talks and European governments' increased scrutiny of Chinese interest in strategically sensitive sectors are certainly dark clouds, but between them there is sunlight and hope for common ground, according to Global Times China. China's recent passing of the new Foreign Investment Law, aimed at liberalizing capital flows into the country, signals a watershed moment not only for the Chinese economy, but for Europe and the rest of the world. This is a sensitive subject. The likely impact of the changes 1.5 trillion of inbound M&A over the next decade, a 275 percent increase over the last 10 years. Over the last 20 years, the economic livelihood of hundreds of millions of Chinese citizens has improved exponentially, giving rise to a growing middle class that is projected to include 65 percent of all households by 2028. To understand why China is now choosing to open wider its arms to foreign investors is to understand the evolving nature of China's consumer economy. (news.financializer.com). As reported in the news.

ftse ukx: It closed down almost 0.1% Wednesday, according to Market Watch. The pound GBPUSD, 0.1916% declined 0.1% to 1.3077, giving back some of its Wednesday gain of 0.3%. Germany's DAX DAX, 0.54%DAX, 1.13% dipped 0.4% to 11,862.5, not quite eliminating Wednesday's 0.5% increase. How did markets perform The Stoxxx 600 SXXP, 0.16% fell 0.3% to 385.5, wiping out Wednesday's gain of 0.3%. The FTSE 100 UKX, 0.26% was down a mere 0.1% to 7,416.7. In Italy, the FTSE MIB I945, 0.80% was down 0.7% to 21,524.1, after ending Wednesday flat. The euro EURUSD, 0.4176% was up nearly 0.1% to 1.1277 after falling 0.2%. What's moving the markets Various asset classes across Europe reacted to a busy news day with stoicism. In France, the CAC 40 PX1, 0.31% was the lone exception among major indexes, rising 0.2% to 5,458.6 on the heels of a 0.3% gain Wednesday. (news.financializer.com). As reported in the news.

gr ie: Thousands of people in Moscow and other Russian cities protested the legislation last month, chanting slogans like hands off the internet and stop breaking the Russian internet, 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. The lower house of the Russian parliament passed a second reading of the Digital Economy National Program legislation, which seeks to route Russian web traffic and data through exchange points controlled by the state. You can form your own view. Subscribe now They argued that the bill will create an internet firewall similar to China, which severely restricts people's access to the internet. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

growth momentum: It now expects world GDP to rise 3.3% this year, its lowest projection since before the financial crisis, according to Market Watch. Amid talk of a synchronized slowdown, economist Eswar Prasad wrote, growth momentum is declining in virtually all the world's major economies. This week, the International Monetary Fund lowered its forecast for global GDP growth for the third time in six months. The pattern is clear As soon as governments or central banks turn off the monetary spigot or try to return to normal policies, markets and economies falter. Early this year, growth in Germany and France, the biggest euro zone economies, began slowing as manufacturing slumped. When they reverse course and prime the pump again, growth resumes and stocks rally, as they have since last Christmas Eve, when the Dow Jones Industrial Average DJIA, 1.03% and the S&P 500 SPX, 0.66% have both gained at least 20%. Last December, European Central Bank President Mario Draghi announced the ECB had formally ended its quantitative easing program, under which the bank bought more than 2 trillion of securities. (news.financializer.com). As reported in the news.

cracker barrel: Biglari Capital Corp who had been investing in Cracker Barrel Old Ctry Stor for a number of months, seems to be less bullish one the 3.69 billion market cap company, according to MSNBC. The stock increased 0.38% or 0.58 during the last trading session, reaching 153.31. The hedge fund held 4.32 million shares of the consumer services company at the end of 2018Q4, valued at 690.95M, down from 4.74 million at the end of the previous reported quarter. About 266,715 shares traded. CBRL has risen 4.59% since April 11, 2018 and is uptrending. Cracker Barrel Old Country Store, Inc. (news.financializer.com). As reported in the news.

defence: One of the defence documents seen by Reuters described his latest arrest as illegal and the resulting interruption to his medical treatment as inhuman . Reuters quoted a person familiar with the conditions of Ghosn's detention as saying he is being interrogated for up to 14 hours a day at the Tokyo detention centre, sometimes in the middle of the night, according to The Guardian. Timeline Carlos Ghosn the accusations Show Hide Carlos Ghosn was one of the biggest figures in the global car industry until his shock arrest last November over alleged financial misconduct. According to Reuters, Ghosn's defence team said in documents prepared after he was arrested for a fourth time last week that Japanese prosecutors were trying to frustrate their preparations for his trial, a date for which has yet to be set. He forged an alliance between France's Renault and Japan's Nissan and Mitsubishi Motors he was chair of Nissan, chief executive and chairman of Renault and chairman of Mitsubishi.19 November 2018Ghosn is arrested by Japanese police at a Tokyo airport upon arrival in his private jet. Both are sent to a detention centre in Tokyo. This follows the arrest hours before of Nissan board member Greg Kelly, a key ally of Ghosn's. (news.financializer.com). As reported in the news.

incentivize workers: Yang told TMZ that the plan is necessary to help American workers whose jobs have become automized, according to MSNBC. When asked if giving the dividend would incentivize workers, he cited the Alaska Permanent Fund, which was established in 1976 and pays residents a dividend from the state's mineral revenue.2020 'I'M RUNNING FOR PRESIDENT ... TO SAVE JOBS FROM AUTOMATION' In Alaska it's wildly popular, has created thousands of jobs, has improved children's health and has not decreased work levels in the slightest, the 44-year-old entrepreneur and investor said. All market data delayed 20 Presidential Election Published 2 days ago Dem 2020 candidate Andrew Yang stands by 'Freedom Dividend' By Stephen Sorace Fox candidate Andrew Yang proposes 1K per month for every American Democratic 2020 candidate Andrew Yang said in an interview Wednesday that his Freedom Dividend, a proposal that would give 1,000 a month to Americans who are over 18 years old, will encourage citizens to work. Presidential candidate and entrepreneur Andrew Yang speaks during the National Action Network Convention in New York, Wednesday, April 3, 2019. Yang has rejected their support. AP Photo/Seth Wenig With the exception of new moms who spent more time with their kids and teenagers who graduated high school at a higher level, numbers showed that most people continued to worked at the same level as they did without the dividend, Yang told TMZ. Most people want to work and a little bit of money won't make a difference, he said.CLICK HERE TO GET THE FOX NEWS APPThe Freedom Dividend would cost 1.8 trillion dollars a year, and planned to fund it with a value added tax that would get the American people a slice of all Amazon transactions, Google searches and robot truck miles, Yang previously told MSNBC. Yang's presidential candidacy has recieved the support of some white nationalists, who believe he is concerned with halting the decline of the white race, the Verge reported. (news.financializer.com). As reported in the news.

manufacturing sector: The manufacture of the Navara from 2020 will also create about 400 direct jobs in a country with an unemployment rate of 27 percent. ; Automotive is already the largest part of South Africa's manufacturing sector, contributing around 7 percent of gross domestic product annually and accounting for a third of manufacturing output, said South Africa's President Cyril Ramaphosa, speaking at Nissan's facility in Rosslyn, according to The Japan Times. Nissan's investment is the first significant commitment by an automaker since international firms agreed with the government late last year to extend a manufacturing incentive program through 2035. The decision by the Japanese carmaker may add 30,000 units to the plant's current annual volume of 35,000, said Mike Whitfield, managing director of Nissan Africa, at the factory north of Pretoria on Wednesday. The plan has also seen the likes of Toyota Motor Corp., Volkswagen AG and BMW AG operate plants in the country, in return for generous tax breaks. Nissan plans to more than double its industrial reach in the Middle East, Africa and India by 2022 by adding more factories, according to Peyman Kargar, chairman of the carmaker's operations in those three territories, who spoke in an interview last month. The majority of vehicles are produced for export. (news.financializer.com). As reported in the news.

marciulionyte: The Global Times GT talks with the Lithuanian Ambassador to China Ina Marciulionyte Marciulionyte who discussed her country and its possibilities for Chinese investors, according to Global Times China. Lithuania is China's largest trading partner in the Baltic region and China is Lithuania's largest trading partner in Asia. The Central European country is gradually lifting its veil of mystery to more and more Chinese people for its high-tech, life sciences, agricultural products and more. What are the key areas that bring the two countries closer in business and trade Marciulionyte First of all, in trade, more and more Lithuanian laser companies are coming to China. Previously, we had laser markets in Europe, the US, and Japan, and now China is our biggest market. Now we have three laser companies that already have their branch offices in China. (news.financializer.com). As reported in the news.