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

keir starmer: In attendance were the shadow Brexit secretary, Keir Starmer, and Corbyn's wily old ally John McDonnell, along with handpicked Corbyn supporters including Diane Abbott and Jon Trickett, plus the shadow international trade secretary, Barry Gardiner, and the Labour peer Shami Chakrabarti, according to The Guardian. Later that day, Corbyn was due to address Labour backbenchers for the first time since the breakaway. How May miscalculated the Brexit numbers game Read more Seven days earlier, Chuka Umunna and his band of splitters had summoned journalists to a press conference to announce they were leaving the party, blaming Brexit policy as well as a failure to tackle antisemitism. With little more than a month left until Brexit day, longtime backers of a second referendum were ramping up the pressure on the leadership. We didn't want a lot of people to start resigning because of that. One of the things people were thinking was that because the splitters the evacuees were making a point about Brexit, we should get our position out there, recalled one shadow minister who was present. (news.financializer.com). As reported in the news.

liu: Jingyao Liu, a student at the University of Minnesota, claims Liu forced himself upon her in his vehicle after the dinner and later raped her at her apartment, according to Nine News Australia. The lawsuit seeks damages of more than 50,000. To improve your experience update it here News World Billionaire sued over alleged rape By Associated Press1 13pm Apr 17, 2019Facebook Tweet MailA woman who said she was raped by JD founder Richard Liu has filed a lawsuit against the billionaire and his company alleging he and other wealthy Chinese executives coerced her to drink during a dinner in the hours before she was attacked. Richard Liu, founder of the Beijing-based e-commerce site JD, was arrested on August 31 last year in Minneapolis on suspicion of felony rape and released within hours. A woman is suing Chinese billionaire Richard Liu centre over an alleged rape. Prosecutors announced in December that he would face no criminal charges because the case had profound evidentiary problems and that it was unlikely they could prove his guilt beyond a reasonable doubt. (news.financializer.com). As reported in the news.

measles: The 43-year-old woman has encephalitis, or inflammation of the brain, a well-known and potentially deadly complication of the virus, according to Nine News Australia. She was otherwise healthy before getting measles. To improve your experience update it here News World Israeli flight attendant in coma after getting measles By CNN7 55am Apr 18, 2019Facebook Tweet Mail An Israeli flight attendant has slipped into a coma after contracting measles, according to health officials. She's been in a deep coma for 10 days, and we're now just hoping for the best, associate director general of Israel's Ministry of Health, Dr Itamar Grotto, said. EPA The flight attendant, who works for El Al, the Israeli national airline, might have contracted the virus in New York, in Israel or on a flight between the two, Dr Grotto said. An Israeli flight attendant has slipped into a coma after contracting measles, according to health officials. (news.financializer.com). As reported in the news.

party: United Conservative Party Leader and premier-designate Jason Kenney thanks the crowd after his party swept to power in the Alberta election Tuesday, according to The Toronto Star. Christina Ryan / For Star Calgary 10 56 p.m. United Conservative Party Leader Jason Kenney a former federal cabinet minister now at the helm of a new party, founded in 2017 will be the province's 18th premier. NDP cabinet minister Shannon Phillips wins tight Lethbridge-West race, while Lethbridge-East goes to the UCPShannon Phillips, the outgoing environment minister, narrowly defended the NDP's only seat outside of Edmonton and Calgary against UCP newcomer Karri Flatla. During her time in legislature, she was also responsible for the status of women file a new post created under the Alberta NDP government. Phillips defeated incumbent Progressive Conservative MLA Greg Weadick in 2015, taking 59 per cent of the vote. (news.financializer.com). As reported in the news.

square mile: But its clear from the Financial Conduct Authority's plan for the year ahead that much of the delay is not Brexit-related, but stems from a deep-seated reticence to interfere in the workings of the Square Mile, according to The Guardian. The move by a New York regulator to slap a 15m 12m fine on Barclays after its chief executive Jes Staley tried to unmask a whistleblower is a case in point. Partly that is the fault of Brexit, which has robbed the organisation of funds and to some extent the energy needed to think of anything other than how quitting the European Union will affect the City. The bank escaped financial penalties in the UK. Instead, Staley was fined 642,430 and Barclays was asked to file annual reports detailing whistleblowing allegations against the bank's senior managers. Sadly, a report is still pending. Another instance concerns the collapse of Halifax Bank of Scotland HBoS and its takeover by Lloyds following the 2008 banking crash, which many believe should have resulted in the former HBoS executives being barred from the City and fined. (news.financializer.com). As reported in the news.

media commentary: Then there was the awkward conversation, which kept returning to one topic in particular the Russian antivirus firm Kaspersky Lab, according to The Japan Times. He also asked Giles to repeat himself or speak louder so persistently that Giles said he began wondering whether I should be speaking into his tie or his briefcase or wherever the microphone was. ; He was drilling down hard on whether there had been any ulterior motives behind negative media commentary on Kaspersky, said Giles, a Russia specialist with London's Chatham House think tank who often has urged caution about Kaspersky's alleged Kremlin connections. The man seated in front of him at the London hotel claimed to live in Hong Kong, but didn't seem overly familiar with the city. The angle he wanted to push was that individuals like me who had been quoted in the media had been induced by or motivated to do so by Kaspersky's competitors. Giles said he met with Lambert twice last year, ostensibly to discuss Giles speaking at a cybersecurity conference that Lambert's company was organizing. The Associated Press has learned that the mysterious man, who said his name was Lucas Lambert, spent several months last year investigating critics of Kaspersky Lab, organizing at least four meetings with cybersecurity experts in London and New York. (news.financializer.com). As reported in the news.

mergers acquisitions: We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public, he says, according to The Independent. Tyler Clifford 7 35 PM ET Wed, 17 April 2019 CNBC CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019. That's why I like Apache, I like Concho, Parsley, and especially Pioneer Nat, because this industry still needs much more consolidation, the Mad Money host says. Anadarko was the first big oil deal this year, but I bet it won't be the last, the Mad Money host said. Chevron made a move on Friday to purchase the oil and gas driller in a cash-and-stock deal worth 33 billion. That's why I like Apache, I like Concho, Parsley, and especially Pioneer Nat, because this industry still needs much more consolidation. (news.financializer.com). As reported in the news.

midmorning trading: On Tuesday, the key market gauge advanced 52.55 points. ; The Topix index of all first-section issues finished up 4.22 points, or 0.26 percent, at 1,630.68, after falling 1.47 points the previous day, according to The Japan Times. The Tokyo market got off to a higher start, tracking a Wall Street rally on Tuesday. The 225-issue average gained 56.31 points, or 0.25 percent, to end at 22,277.97. Selling seemingly to lock in profits took the upper hand in midmorning trading amid the yen's strengthening against the dollar, briefly pushing down both Nikkei and Topix indexes into negative territory. In the afternoon, the price indexes moved sideways amid a dearth of fresh trading incentives. The market soon took an upturn on renewed buying by investors who took heart from stronger-than-expected Chinese economic data released Wednesday, such as January-March gross domestic product and March industrial production, brokers said. (news.financializer.com). As reported in the news.

prabowo subianto: While incumbent President Joko Widodo stressed on Indonesia's thirst for foreign investments, including from China, his opponent, Prabowo Subianto, vowed to review the China-invested railway project linking Jakarta and Bandung, according to Global Times China. The Chinese-relevant topic that emerged in the Indonesian election is not an isolated case. During campaigns, topics over Chinese investment were put under the spotlight. Among developing countries which underwent elections or military coups, China's economic and trade relations with them have become a hot issue, especially since the Belt and Road Initiative BRI was first proposed by China six years ago. An increasing number of Chinese topics show that BRI is of great significance to their economy and people's livelihood. BRI has brought about an inevitable boost in China's influence. (news.financializer.com). As reported in the news.

state council: With Beijing's growth-boosting policy portfolio taking time to kick in over the coming months, Chinese officials and economists have confidence that the world's second largest economy is likely to accelerate at a rate higher than 6.4 percent in the next three quarters, according to Global Times China. In early March, the State Council, China's cabinet, set a growth target for this year of 6-6.5 percent in its government work report to the people. A massive stimulus package, increasing investment and output of high-tech industrial lines have fired up the once sputtering engine. That target is within easy reach. Over the weekend, a rare telephone talk between US President Donald Trump and former president Jimmy Carter revealed that the sitting president is worried about China getting ahead of America. The upbeat growth data for China will buoy up global markets, but it won't cheer everybody up. (news.financializer.com). As reported in the news.

vermont answers: The morning after and again on Tuesday night, Trump confirmed Sanders' well-founded suspicion with a series of snappish tweets, alleging the network had stuffed the room, which applauded many of the Vermont independent's answers, with Bernie supporters, after initially -- about 10 hours earlier -- calling it so weird to watch Crazy Bernie on Fox News, according to CNN. Indeed, the sight of any Democrat -- much less a democratic socialist running for the party's presidential nomination -- in a venue so closely aligned with the Trump administration, is an unusual one. At a Fox News town hall in Bethlehem, Pennsylvania, on Monday night, Sanders mused to the moderators that President Donald Trump, who watches your network a bit, might be tuned in for the festivities. Sanders' decision to tread those uneven boards upset more than a few liberals commentators, who worried that his presence alone might gift the network some undeserved credibility. Sanders, who capped off his four-day, five-state trek through the Upper Midwest with the Fox News event, believes his path to the White House runs directly through Trump Country. For Trump, though, the notes of aggravation in his tweets pointed to a broader new conflict Here, for the first time, one of the candidates vying to deny him a second term had stood up on his stage, in front of an audience Trump views as his own, and delivered an unflinching case against him. (news.financializer.com). As reported in the news.

staff college: Open Forum About James Joyner James Joyner is a Security Studies professor at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council, according to MSNBC. He's a former Army officer and Desert Storm vet. James Joyner Wednesday, April 17, 2019 72 comments Have at it. Views expressed here are his own. Comments Teve says Wednesday, April 17, 2019 at 08 00Trump attorneys warn accounting firm not to hand over financial records The president's attorneys urged Mazars USA to not comply with an imminent Democratic subpoena. Follow James on Twitter DrJJoyner. (news.financializer.com). As reported in the news.

stimulus resolution: Alexandria Ocasio-Cortez's D., N.Y. Green New Deal resolution, according to MSNBC. The Green New Deal is a 14-page economic stimulus resolution that was released back in February by self-described democratic socialist Ocasio-Cortez and Sen. Beto O'Rourke Texas on Tuesday said he backs the Green New Deal because it will spur a scale of sacrifice similar to World War II.O'Rourke, who announced recently he was running for president, spoke to college students at the University of Virginia, where he touted freshman Rep. Ed Markey D., Mass. aiming to fight income inequality and climate change. Ocasio-Cortez's proposed Green New Deal is that it calls to mind another time in this country's past when we faced an existential challenge, O'Rourke said. One of the reasons I like Rep. (news.financializer.com). As reported in the news.

things: You can also get 5 Things You Need to Know Today delivered to your inbox daily, according to CNN. Sign up here. And here's what else you need to know to Get Up to Speed and Out the Door. (news.financializer.com). As reported in the news.

weekday mornings: Joan Cros / Nur Photo via Getty Images Breaking News Emails Get breaking news alerts and special reports, according to MSNBC. The news and stories that matter, delivered weekday mornings.SUBSCRIBEApril 17, 2019, 6 47 PM GMT / Source Reuters By Reuters Qualcomm added 30 billion to its market value after it resolved a legal battle with Apple, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China's Huawei Technologies. The president of Qualcomm, Cristiano Amon, speaks at the Mobile World Congress on Feb. 24, 2019 in Barcelona, Spain. The company's shares, which closed up 23 percent on Tuesday after the announcement, rose as much as 17 percent on Wednesday, hitting their highest in nearly two decades. Qualcomm's fortunes are also looking up since Intel, which had been Apple's sole iPhone chip supplier for the past year, decided to exit the modem chip business following Qualcomm's settlement with Apple. The deal with Apple, coming at the cusp of the rollout of high-speed 5G network, could help Qualcomm return to the preeminent position it held in the early 2010s when it dominated the transition to 4G mobile networks and expanded revenues dramatically. (news.financializer.com). As reported in the news.

afternoon trade: The wholesale disruption of American health care being discussed in some of these proposals would surely jeopardize the relationship people have with their doctors, destabilize the nation's health system, and limit the ability of clinicians to practice medicine at their best, according to Market Watch. United Health CEO David Wichmann The shares fell 4.5% in afternoon trade, enough to pace the Dow Jones Industrial Average's decliners. The health insurance giant's stock UNH, -1.86% was up as much as 3.4% in intraday trade moments after the opening bell, then steadily traded lower throughout the session, as did the shares of the company's peers, as Chief Executive David Wichmann took a combative stance toward Medicare-for-all proposals unveiled by some Democratic presidential hopefuls. The price decline of 10.26 cut about 70 points off the Dow's price, which was up 82 points. We believe the market is ascribing an inordinately high probability that some form of Medicare-for-all proposal could become reality, Cowen analyst Charles Rhyee said in a note to clients on Tuesday. Analysts chalked up the disparity between the earnings report and the stock reaction to what they're calling the Medicare-for-All overhang. (news.financializer.com). As reported in the news.

benchmark index: It jumped 22.53 points Monday, according to The Japan Times. The market got off to a weak start following an overnight drop in U.S. equities. The benchmark index added 52.55 points, or 0.24 percent, to end at 22,221.66, after surging 298.55 points Monday. ; But the Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 1.47 points, or 0.09 percent, lower at 1,626.46. Stocks also met with selling to lock in profits, brokers said. Meanwhile the Topix bowed to selling later in the morning and failed to gather steam until the day's closing. But after the initial wave of selling subsided, both indexes returned to the sunny side, with the Nikkei remaining higher for the rest of the session. (news.financializer.com). As reported in the news.

roof: The spire and part of the roof collapsed today, exposing a large hole in the roof after a fire broke out inside the iconic 850-year-old structure during renovations, according to Nine News Australia. After the blaze was brought under control, saving the bell tower and historical relics inside, firefighters said it was obvious the fire would be severe in the first 20 minutes . Once the beams start burning, the stone exterior also made it harder for firefighters outside the building to get to the source of the flames. To improve your experience update it here News World Notre Dame cathedral fire under control after perfect storm of conditions led to blaze By Gabrielle Adams Sarah SwainCNN6 28pm Apr 16, 2019Facebook Tweet Mail The fire that blazed inside the Notre Dame Cathedral was able to spread so quickly due to the building's height, stone exterior and difficulty in accessing the towering wood ceiling beams. The stone traps heat and smoke, preventing them from working inside. A drone shot of the huge fire at Notre Dame in Paris Nine First shots have emerged inside the fire-ravaged cathedral, showing what seems to be little damage to the main area. The Notre Dame's height also posed a challenge, providing extra oxygen for the fire to breath and complicating efforts to reach the flames. (news.financializer.com). As reported in the news.

chinese presence: Take first Europe's main ports the points at which the traded goods arrive and depart that are Europe's lifeblood, according to The Japan Times. China is now heavily invested in key seaports all around the continent. The Chinese presence in Europe has now reached a significant level a tipping point where it begins to influence the shape and direction of economic and social progress in the West in ways that require not a blind eye, or the occasional wringing of hands, but a clear and constructive response. These include Piraeus in Greece, Valencia and Bilbao in Spain, Sines in Portugal, Zeebrugge in the Netherlands, Genoa in Italy, and now, following a much publicized visit of Chinese leader Xi Jinping to Rome, the ancient key port of Trieste, giving access to the heartland trade routes of Central Europe. ; In all it is estimated that China now controls one-tenth of European port capacity. On top of that a major Chinese company holds a 9 billion stake in Daimler parent of Mercedes-Benz and China has a key role in Britain's civil nuclear renewal program so far through its one-third financing of the giant new Hinkley Point nuclear plant, but with more to come. At the latest tally it also owns four European airports, large wind farms in nine European countries, a mass of real estate in the City of London and some highly prominent European enterprises such as Volvo in Sweden, Pirelli in Italy and Syngenta in Switzerland. (news.financializer.com). As reported in the news.

friday investors: Different parts of Europe are shut for trading between Thursday and Monday, according to Market Watch. Read Which markets are closed on Good Friday Investors will be looking for more evidence that Chinese government stimulus efforts are paying off as they pick through first-quarter gross domestic product, industrial output and retail sales. Aside from a few key earnings reports on Wall Street, investors will get a whiff of how the global economy is doing with a data dump from China due after U.S. markets close Tuesday. The country is seen by some as the key to holding up increasingly wobbly global growth, especially if the U.S. starts to falter as some fear it will. The rally has been underpinned by dovish central banks and a sharp decline in global real rates, and we have shown that markets are priced for growth stabilization, but not for acceleration, said Waldman and the team in a note. Read Black Rock strategist says China holds keys to global growth That brings us to our call of the day from a team of UBS strategists led by Daniel Waldman, who say investors have been too negative when it comes to global growth expectations good news for equities. (news.financializer.com). As reported in the news.

guangxi academy: Prabowo Subianto, the former general who has vowed to review China's investment in Indonesia, is challenging incumbent leader Joko Widodo for presidency of Southeast Asia's largest economy, according to Global Times China. China's growing economic influence has become a key issue in many Asian countries ... with some opposition politicians winning support after they criticized incumbent leaders for their China policies, said Gu Xiaosong, a research fellow on Southeast Asian studies at the Guangxi Academy of Social Sciences. Photo AFP Indonesia kicks off presidential and parliamentary elections on Wednesday, with the Chinese influence on the country in the spotlight. A 6 billion high-speed railway linking the capital Jakarta and mountain-fringed Bandung - the third biggest city in the country, has been put under scrutiny by the opposition, as Subianto said he will re-evaluate the contract if elected. Zhu Zhenming, a professor at the Yunnan Academy of Social Sciences, said it was too early to know if Subianto would take an outright anti-China posture if he takes office. Analysts believe that no matter who wins the election, infrastructure cooperation between the two countries is inevitable. (news.financializer.com). As reported in the news.

nuclearized iran: Hunt said the United Kingdom remained committed to plan before leaving for Iran, according to Deutsche Welle. The Iran nuclear deal remains a vital component of stability in the Middle East by eliminating the threat of a nuclearized Iran, Hunt said. We remain hopeful that the Europeans can save the deal, ministry spokesman Bahram Qasemi told a news conference broadcast live on state TV. The comments came ahead of British Foreign Secretary Jeremy Hunt's meeting with his Iranian counterpart, Mohammad Javad Zarif, in Tehran. It needs 100 percent compliance though to survive. It lifted international sanctions against Iran in exchange for the country dismantling its nuclear program. Hunt is the first European foreign minister to visit the country since the US pulled out of the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action JCPOA . Read more Iran nuclear deal Germany's special role and plans Europe against the US The JCPOA a deal between Iran and the United States, Germany, Britain, China, Russia and France, as well as the European Union was concluded in 2015 after years of painstaking negotiation. (news.financializer.com). As reported in the news.

offering activity: He said trading activity remained low, as slowing global economic growth and dovish central bank rhetoric resulted in lower government bond yields, flattened yield curves in the U.S. and Europe and significant declines in market volatility, according to Market Watch. In addition, there was a significant slowdown in initial public offering activity, as a direct result of the government shutdown. Chief Executive Michael Solomon said on the post-earnings conference call with analysts that despite a rally in the stock market during the quarter, a mixed macroeconomic backdrop and strong year-ago results was to blame for the challenging market environment. And uncertainty over the U.S.-China trade dispute and Brexit negotiations weighed on sentiment and kept issuers and investors on the sidelines, Solomon said, according to a transcript provided by Fact Set. The stock GS, 3.00% dropped 3.3% in afternoon trade, enough to pace the Dow Jones Industrial Average's DJIA, -0.01% decliners, and to pull back from a 5-month closing high on Friday. Therefore, while equity and credit markets rebounded there was lower client conviction, although client engagement improved later in the quarter. (news.financializer.com). As reported in the news.

darren calabrese: Darren Calabrese / THE CANADIAN PRESS The Toronto market had been up most of the day as investors appeared to be showing more confidence that forecasts of economic doom were overblown due to a stronger-than-expected Chinese economy and a U.S. economy that continues to perform, says Natalie Taylor, portfolio manager at CIBC. So we're seeing investors cycling away from defensive stocks, which have really led the rally since December, into less defensive sectors and this is particularly evident if you look at interest-sensitive sectors, she said in an interview, according to The Toronto Star. Taylor said setting a new high appears to be just around the corner, but moving meaningfully through that level depends on whether an acceleration of corporate growth can be a catalyst. The S&P/TSX composite index closed down 13.26 points to 16,502.20, after hitting an intraday high of 16,553.39, just 14 points off the all-time high set last July.A man works in the broadcast centre at the TMX Group Ltd. in Toronto, on May 9, 2014. Article Continued Below I think you need to see upwards earnings revisions because the valuations can only expand for so long without the help from fundamentals. Health care was up more than one per cent, recovering from a couple of down days, as Aurora Cannabis Inc. and Canopy Growth Corp. rose about 3.96 and 2.38 per cent respectively. The influential financials sector rose 0.56 per cent on better yields, with Toronto-Dominion Bank and the Bank of Nova Scotia leading. (news.financializer.com). As reported in the news.

edmonton-based aurora: Cannabis seedlings are seen at the new Aurora Cannabis facility, Friday, November 24, 2017 in Montreal, according to The Toronto Star. Aurora Cannabis Inc. says it has signed a deal to acquire the remaining stake in Hempco Food and Fiber Inc. that it does not already own. Under a friendly agreement between the companies, Edmonton-based Aurora will pay the equivalent of 1.04 per Hempco share, payable in Aurora shares. Ryan Remiorz / THE CANADIAN PRESS Hempco shares closed at 91 cents on the TSX Venture Exchange on Monday, while Aurora shares closed at 11.37 on the Toronto Stock Exchange. Hempco provides Aurora with a low-cost, high-volume source of hemp for the extraction of CBD cannabidiol a substance with therapeutic properties that's also found in cannabis. Aurora already owns approximately a 52 per cent stake in Hempco, which makes hemp-based foods and nutritional supplements for people and animals. (news.financializer.com). As reported in the news.

journalists: There are two reasons this is true, according to MSNBC. First, it's repulsive to see pompous, self-important people like Jim Acosta put themselves in the same boat as genuine journalists who are actually being killed and tortured for their work, and who are not merely the target of the president's 50-caliber Twitter gun. Professor, Media Ethics and Law, NYUshare on facebook tweet this show comments Share Print Reddit Share Share Article via Email To Your first name Message Send Whats AppThe national press is rightly often criticized for acting like babies in overreaction to the president's fake news mantra and his labeling the press the enemy of the people. Sticks and stones, Jimmy. ; Secondly, although too few journalists and media critics will admit it publicly, the press, in general, has done a fine job on its own of alienating millions of readers by consistently publishing nontrivial errors, knowing falsehoods, hiding corrections and retractions, and most importantly, introducing bias into what is allegedly the truth-telling business. Opinions can be based on accurate facts, but the opinion itself is not a fact. Memo to MSNBC and Fox partisan viewers and readers insist on calling opinions true or false because they agree with the analysis. (news.financializer.com). As reported in the news.