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

airlines: Passengers are also being asked not to consume products containing nuts in order to protect travellers with allergies, according to Nine News Australia. The move comes after mounting consumer pressure, which has seen airlines such as Qantas, Southwest Airlines, Lufthansa and British Airways remove peanuts as snacks from all flights. To improve your experience update it here News World British airline Easy Jet bans nuts on all flights to protect passengers By CNN9News Staff10 54am Apr 25, airline Easy Jet has announced it is banning the sale of nuts on flights. British airline Easy Jet has announced it is banning the sale of peanuts on flights. Easy Jet, a budget airline which primarily serves European markets, has a specific option on its booking page for such requests. AAP However, most say they cannot guarantee a nut-free environment due to means customers with nut and nut-dust allergies still need to indicate their allergies when booking flights and at the airport. (news.financializer.com). As reported in the news.

rbs boss: The announcement, made just prior to the bank's AGM, was well timed, taking some of the sting out of the row over his 3.5m pay package, which voting advisor PIRC recommended investors oppose, 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 RBS boss has resigned after five-and-a-half years in post saying it's the right time for him to go. You can form your own view. Subscribe now Read more RBS boss Ross McEwan quits Metro Bank and Starling get millions from RBS competition fundRBS issues warning over no deal Brexit. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

records bonds: According to analysts at Soci t G n rale, fund investors are already weighted heavily toward risky assets, noting that positions in equity and credit accounted for 64% of the investment pool covered by flow-tracker EPFR Global on a monthly basis, according to Market Watch. In other words, it isn't a case of cash being parked on the sidelines, stoking a fear of missing out, or FOMO, as the market rallies. There may be a good reason for that. Rather than being sidelined, investors are strongly weighted in risky assets in absolute terms, and at 90% of the maximum historical level, the analysts said, in a Wednesday note, illustrating the point in the charts below. Read Stock markets are ringing up records and bonds are rallying too The Nasdaq Composite COMP, 0.34% also returned to record territory Tuesday, while the Dow Jones Industrial Average DJIA, 0.31% remains less than 1% below its all-time closing high from early October. Caption outside of wrapper for normal article images The S&P 500 SPX, 0.47% on Tuesday posted a record close, topping its previous Sept. 20 finish as the main U.S. equity benchmark completed a rapid round trip from a fourth-quarter selloff that had pushed it to the brink of a bear market in December. (news.financializer.com). As reported in the news.

things technologies: The electronics giant plans to enhance its profitability mainly by focusing on internet of things technologies, as well as electricity and other energy-related operations, according to The Japan Times. As part of the moves, Hitachi said last December that it will acquire Swiss heavy machinery-maker ABB Ltd.'s power grid business. According to sources with knowledge of the matter, Hitachi is in contact with several businesses and investment funds to select a buyer of the unit. ; The company is set to accelerate the negotiations, and will sell the unit by the end of March next year if an agreement is reached, the sources said. On Wednesday it announced a plan to buy JR Automation Technologies LLC, a U.S. robotic system integrator. Based on that policy it has sold Hitachi Kokusai Electric Inc., which makes semiconductor-making equipment, and car navigation system maker Clarion. Meanwhile, Hitachi is speeding up the consolidation of group companies that are unlikely to generate synergies. (news.financializer.com). As reported in the news.

trade: Commodity sales during the trade fair amounted to 100 million yuan, according to Global Times China. The China Tianjin International Fair for Investment and Trade was held from April 18 to 22, themed on opening-up, cooperation and high-quality development. Among the projects signed at China Tianjin International Fair for Investment and Trade, 12 were related to high technology like artificial intelligence and biotechnology, with an investment of 1.68 billion yuan, according to the event organizer. Over 2,400 enterprises from 36 countries and regions attended this year's trade fair, attracting around 130,000 visitors. (news.financializer.com). As reported in the news.

volume: Altria MO, 2.68% saw cigarette volume drop more than 14% to start the year, marking the company's largest decline in at least three years, according to Market Watch. Even after adjusting for factors like trade inventory movements, volume still dropped 7% for the worst adjusted decline in a year. The tobacco giant's shipment volume has been falling for some time, but the latest numbers show a business decaying faster than investors once thought. In all, the shipment numbers were much worse than feared, wrote Wells Fargo's Bonnie Herzog. While cigarette makers generally have strong pricing power, it remains to be seen just how often companies like Altria can get away with pulling this lever to mask demand issues. Read Altria confirms 12.8 billion investment for 35% stake in e-cigarette startup Juul Altria has been jacking up cigarette prices to compensate for these declines, instituting a record hike in February, according to Herzog. (news.financializer.com). As reported in the news.

business: Although China has won kudos for trying to clean up its environment by cutting dependence on coal, its companies are making up for lost business at home by expanding overseas, according to The Guardian. Most of their funding comes from the Belt and Road Initiative BRI . Belt and road funding graphic The strategy will be reviewed at the Second Belt and Road Forum for International Cooperation, which will run until 27 April and will be attended by the UN secretary general, Ant nio Guterres, the International Monetary Fund head, Christine Lagarde, and 37 heads of state. In recent years Chinese banks have become the lenders of last resort for coal projects in south Asia, Africa and the Balkans that the World Bank and other international institutes have refused to fund because this dirtiest of fuels is the primary source of carbon emissions from electricity generation. Although it is not billed by organisers as a climate event, this may prove to be the most important event of the year for global emissions, such is the scale of proposed investments in energy, roads, railways, dams and ports. Critics say it is a tool to project geopolitical power, suck up overseas resources and vent the excess capacity of a slowing domestic economy, particularly in the steel, construction and power industries. China says the BRI, which was launched by the president, Xi Jinping, in 2013, accelerates development in many of the world's poorest countries and builds trade routes that benefit the global economy. (news.financializer.com). As reported in the news.

conduct charges: This excludes litigation and conduct charges, according to The Guardian. If they are included, Barclays made a 1.5bn profit against a 236m loss a year earlier, when it was hit by a 2bn charge largely related to a settlement with the US justice department over the sale of mortgage-backed securities. The bank made a pre-tax profit of 1.5bn between January and March, down from 1.7bn a year earlier but in line with City forecasts. Barclays is under pressure from the activist investor Edward Bramson to scale back its poorly performing investment banking division and install him on the board. At the international business, which includes the investment bank, pre-tax profit fell to 1.1bn from 1.4bn, while the UK bank posted a rise in profits to 600m from 200m, with mortgage applications up quite strongly. The results come ahead of a showdown between Bramson and Barclays' chief executive Jes Staley at the bank's annual meeting next Thursday. (news.financializer.com). As reported in the news.

jesper: We can confirm that Anders lost three children in the attack, Jesper Stubkier, Bestseller's communication manager, told CNN. Sri Lanka's economy is fragile, and it depends on tourism Stubkier declined to comment further, citing the need to respect the privacy of the family, according to CNN. Holch Povlsen and his wife, Anne, have four children, according to Danish media. The Danish entrepreneur owns clothing company Bestseller, which is the biggest shareholder in British fashion retailer Asos ASOMY with a stake of over 26%. He also owns a 10% stake in German online retailer Zalando. Several hundred people died in the wave of bombings across Sri Lanka on Easter Sunday. Read More Four days after the coordinated attacks, the Sri Lankan Health Ministry revised the death toll, saying 253 people had died. At least 39 of those killed were visitors from countries including Turkey, India, the United Kingdom and Australia. (news.financializer.com). As reported in the news.

leader: The opposition leader, Bill Shorten, said up to 1.5bn of Labor's fund would be earmarked to unlock gas supply in Queensland's Galilee and Bowen basins and to connect the Beetaloo sub-basin about 28,000km sq south of Katherine and part of the McArthur basin to Darwin and the east coast, according to The Guardian. But environment groups say that would undermine Labor's target of reducing carbon emissions by 45% of 2005 levels by 2030. Earlier this week Labor announced it would replace the Northern Australia Infrastructure Facility with a different fund to finance infrastructure projects of national significance in the north of the country. In August 2017, a Northern Territory inquiry into hydraulic fracturing heard the McArthur basin could release four to five times the volume of greenhouse gas emissions as the Carmichael mine, if fracked. And the emissions figures may be underestimated, he said. The gas-rich Beetaloo basin alone would dwarf Adani's expected emissions, said Tim Forcey, a chemical engineer with decades of experience in the petrochemicals industry. (news.financializer.com). As reported in the news.

shangri-la hotel: Targets included the upmarket Shangri-La hotel in the capital, Colombo, according to CNN. Four days after the coordinated attacks, the Sri Lankan Health Ministry revised the death toll, saying 253 people had died. Bombs ripped through churches and luxury hotels in Sri Lanka on Easter Sunday, killing at least 250 people and injuring hundreds. That toll is significantly lower than the 359 initially reported to CNN by a Colombo police spokesman this week. On top of the heavy loss of human life, the attacks could cause serious damage to Sri Lanka's economy, which depends on tourism. At least 39 of those killed in the explosions were identified as tourists from countries including the United Kingdom, Denmark, Australia and India. (news.financializer.com). As reported in the news.

country: The coordinated bombings killed more than 350 people, but the disaster is far from over, according to Global Times China. The country faces a possible collapse in tourism, which is a major source of foreign exchange earnings for the small nation. If the island country fails to seek further assistance from international organizations such as IMF, China may be able to help. Sri Lanka has a target of attracting 4 million foreign visitors for 2019, but Sunday's attacks will make that difficult to achieve. If Sri Lanka can't get enough financial support from India or other countries to alleviate its pain, it seems inadvisable to prevent the island country from seeking help from China. The nation must fill the gap caused by plunging tourism receipts by adding new momentum to the economy. (news.financializer.com). As reported in the news.

day profit-taking: It rose 4.35 points the previous day, according to The Japan Times. Profit-taking wiped out early gains that followed Wall Street's overnight advance, brokers said. The 225-issue Nikkei average sagged 59.74 points, or 0.27 percent, to end at 22,200.00, after rising 41.84 points on Tuesday. ; The Topix index of all first-section issues closed down 10.92 points, or 0.67 percent, at 1,612.05. Weakness in Shanghai stocks also weighed on Japanese shares, they said. Market players were increasingly shrinking their positions, the official said. An official of an online securities firm said, Profit-taking emerged prior to the 10-day holiday in Japan starting Saturday. (news.financializer.com). As reported in the news.

haven t: The Trump administration announced last week that it would allow Americans to sue foreign companies whose partnerships with the Cuban government make use of commercial and industrial properties confiscated from Americans in Cuba's 1959 revolution, according to The Japan Times. The measure also allows suits by the large number of Cubans who fled the island and later became Americans. There's enormous worry, Ambassador Alberto Navarro told The Associated Press. ; There are businesspeople who've been here 20, 30 years, who've made bets on investing their financial resources in Cuba to stimulate commerce, tourism, international exchange, and many of them tell me that they haven't lived through a similar situation, Navarro said in an interview at the EU embassy Tuesday afternoon. The first lawsuits can be filed starting May 2. I think I have said with great clarity, any country can adopt whatever legislation it wants, and apply the law within its own country, we can criticize whether we like it or not. Navarro said the European Union will vigorously defend European companies doing business in Cuba in court and before the World Trade Organization. (news.financializer.com). As reported in the news.

market crash: These gains of 40 per cent mark the first time since October 2015 that bitcoin has achieved the so-called golden cross, whereby its 50-day moving average passed its 200-day moving average, 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 price of bitcoin has risen by more than 1,700 over the last month to 5,600, finally signalling an end to the market crash that saw its value tumble from a high close to 20,000 in late 2017. You can form your own view. Subscribe now This milestone is seen by traders as a significant marker that bitcoin has switched from a bear market to a bull market meaning prices will continue to go up as more investors are buying than selling. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

gain access: The Hungary-Serbia railway is among the highlights of BRI infrastructure connectivity, according to Global Times China. It is the first railway China has jointly built with European countries and a key step for China to gain access to the European market. Moreover, it is a major component of the China-EU Connectivity Platform and China-EU 2020 Strategic Agenda for Cooperation. It also symbolizes the connection between the Trans-European Transport Networks and the BRI, which promotes transportation within Eurasia and more balanced development within Europe. However, the railway is being built at a slow pace. Ever since the signing of cooperation agreements on a railway connecting Belgrade of Serbia and Budapest of Hungary, the Hungary-Serbia railway has drawn the public's attention. (news.financializer.com). As reported in the news.

index: Please click here for a chart of S&P 500 ETF SPY, -0.06% which represents the benchmark S&P 500 Index SPX, -0.04% Please note the following The chart shows volume is low, a negative, according to Market Watch. A breakout on higher volume indicates conviction. Let's examine the issue. The relative strength index RSI is overbought. The chart shows the pattern that RSI has traced is positive. When markets are overbought, they are vulnerable and tend to pull back. (news.financializer.com). As reported in the news.

market participants: Sean Stannard-Stockton, president and chief investment officer of Ensemble Capital, agrees, saying that while diversification is critical in mitigating risk, active market participants should be mindful of just how much diversity is ideal, according to Market Watch. Too much of anything can be bad for you and diversification can be taken too far, he wrote in a post on the Intrinsic Investing blog. Investors have been so oversold on diversification, Fisher said many decades ago, that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about. But the level at which too far' kicks in is surprising to most people. Stannard-Stockton used this chart based on data discussed in the book, A Random Walk Down Wall Street, by Burton Malkiel to illustrate the ideal number of stocks to own for those looking to beat the market Caption outside of wrapper for normal article images As you can see, once 25 stocks are owned, active investors pretty much capture all the benefits of diversification. That number, of course, depends on what an investor is trying to achieve. (news.financializer.com). As reported in the news.

business owners: But the businessman and radio presenter has been accused of allegedly ripping off a number of struggling small business owners, according to Nine News Australia. A regular family guy, a genuinely lovely family guy. To improve your experience update it here News National Radio boss accused of ripping off small businesses promises 'fix'By Lauren Golman ACA Reporter7 42pm Apr 24, Sulusulumaivasa is a prominent member of the Samoan community in Australia who runs Samoa FM Radio, a station designed to keep the Samoan community in Australia up to date with news and current affairs. His wife was there, his kids were there, now I feel like it was almost a bit staged, Dashka Kerai, who runs a Lollipops Children's play centre in Sydney's west, told A Current Affair. A Current Affair Dashka says Ivan took 6,500 from her for advertising on his radio station, he also asked to borrow an additional 4,500 because he was in trouble and that would just get him out of trouble. Ivan Sulusulumaivasa has been accused of allegedly ripping off small businesses. (news.financializer.com). As reported in the news.

carney: The deadline for applications is 5 June, according to The Guardian. Carney, who took up the role of governor on 1 July 2013 when he was appointed by the then chancellor George Osborne, has twice extended his tenure in response to the Brexit vote. The recruitment process has begun nine months before Mark Carney's departure date on 31 January 2020 and is being carried out by Sapphire Partners, a London recruitment firm founded by a former investment banker and run by an all-female management team. He was originally due to leave in 2018. Speaking to MPs on the Treasury select committee, the chancellor said As we leave the European Union it's very important that the UK continues to play an important role in global fora. Hammond said Carney's steady hand has helped steer the UK economy through a challenging period and the Treasury was looking for someone with equally high-level international connections to succeed him. (news.financializer.com). As reported in the news.

impact: This feedback loop, on top of the loss of heat-deflecting white ice, will cause global warming and its costs to rise by five per cent, according to Nine News Australia. The study, published in Nature Communications, is the first to calculate the economic impact of melting permafrost. To improve your experience update it here News World Melting permafrost in Arctic will cost the world 98 trillion, study claims By 9News Staff12 22pm Apr 24, 2019Facebook Tweet Mail The release of methane and carbon dioxide from melting permafrost in the Arctic will add US70 trillion 98 trillion to the world's climate change bill, a new study has claimed. An iceberg in Disko Bay, Greenland, above the Arctic Circle. According to the study's authors, the Arctic feedback loop will amplify global warming by five per cent if countries don't improve on their commitments to cut emissions under the Paris climate agreement. AP/AAP On current trajectories of 3C of warming by the end of the century, melting permafrost is expected to release 280 gigatonnes of carbon dioxide and three gigatonnes of methane, which has a climate impact up to 20 times stronger than CO2. (news.financializer.com). As reported in the news.

outlook report: The euro was at 1.1216-1216, down from 1.1245-1245, and at 125.41-43, down from 125.78-78. ; The dollar-yen pair moved in a narrow range as investors retreated to the sidelines to check the Japanese central bank's economic outlook report, due out Thursday, a currency broker said, according to The Japan Times. Active trading was held in check ahead of a meeting between Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steven Mnuchin and a summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump later this week, an official at a foreign exchange margin trading service firm said. At 5 p.m., the dollar stood at 111.81-81, against 111.85-85 at the same time Tuesday. The dollar briefly rose close to 112 on buying from Japanese importers before falling back below 111.90. Twitter Facebook Linked In LATEST BUSINESS STORIESUnemployment rate rose to 2.5% in March as Japan's workers sought greener pastures The nation's seasonally adjusted unemployment rate stood at 2.5 percent in March, up 0.2 percentage point from the previous month, the Internal Affairs and Communications Ministry said Friday. The U.S. currency's topside becomes heavy when it approaches 112 as players backed by real demand are eager to hold the yen prior to Japan's 10-day holiday period starting on Saturday, an official at a foreign exchange margin trading service firm said. (news.financializer.com). As reported in the news.

p nasdaq: He told the WSJ it's almost like the market is calling a mulligan, a golfing term which means having a second attempt, on what transpired in the fourth quarter, according to Market Watch. Long gone are worries over trade spats or the Fed pushing up rates, he says. Here's one bird's-eye view on that session that left the S&P 500 and Nasdaq at record closing highs from Michael Baele, senior portfolio manager at U.S. Bank Private Wealth Management. Well-received earnings played a big part in driving those gains. But our call of the day, from Naeem Aslam, analyst at Think Markets UK, says investors should be wary of these latest gains for equities. And more heavy lifting for stocks via corporate results may be on the way for Wednesday, with reports rolling out from Boeing, Caterpillar, Facebook and Microsoft. (news.financializer.com). As reported in the news.

pressure mboweni: Thank you for your patience in this regard, according to The Independent. David McKay editor & team Left Column Western Cape doesn't have to rely only on Eskom - DA's Mazzone Apr 24 2019 15 05 Khulekani Magubane, Fin24 ; Natasha Mazzone Related Articles Mining contractor serves 274 employees with notices of dismissal at Wescoal mine Eskom 'is not on the brink of financial collapse,' says Gordhan Eskom bailout puts rand under pressure Mboweni admits Ramos among those considered to head Eskom unbundling Eskom a 'black hole' - DA on bailout billions'Eskom is now limping' DA on Eskom's cash scramble The Democratic Alliance has a power procurement strategy that could shield South Africans from load shedding as early as the day after the elections, DA MP Natasha Mazzone told reporters in Cape Town on Wednesday. We sincerely apologise for any inconvenience caused and hope to be up and running again this evening. The DA-governed Cape Town metro is seeking the right to procure as much as 10MW from independent power producers, as opposed to relying on the beleaguered state-owned power entity, Eskom, she added. The strategy that the DA has ... could allow a DA-led government to get energy security as soon as May 9. Subscribe to Fin24's newsletter here Mazzone said Cape Town was still fighting its case in the South Gauteng High Court, Johannesburg, for the right to procure more power from independent power producers and make itself less dependent on the state-owned power utility. (news.financializer.com). As reported in the news.

software pioneer: In recent days, McAfee has been threatening on Twitter to out Nakamoto, saying that he's a man living in the U.S. McAfee has said that he will take the step unless Nakamoto comes forward voluntarily. ; McAfee is now saying that he'll expose Nakamoto within a week, according to The Japan Times. I've spoken with him, and he is not a happy camper about my attempt to out him, McAfee said in a phone interview from the Bahamas. The background of Nakamoto a pseudonym that is thought to refer to a person or group of people has been fiercely debated for years, with a long list of discredited theories fueling suspicion bitcoin's pioneer is probably dead. McAfee's antics and erratic behavior have overshadowed his past as a software pioneer, and it's hard to know whether he's finally tracked down the real Nakamoto a feat that many others have failed to pull off. People forget that I am a technologist, he said. But McAfee said in the interview that he has spent a lifetime pursuing hackers, making him well suited to this task. (news.financializer.com). As reported in the news.

understanding support: Chinese companies' dredging projects in overseas markets via the Belt and Road Initiative BRI are warmly welcomed locally for their cost advantage and engineering quality, which provide a good balance against European dredging giants that used to dominate those markets, industry experts and company representatives told the Global Times on Tuesday, according to Global Times China. They also expressed an attitude of understanding and support for the BRI, calling it a crucial initiative that increases the potential for cooperation between Chinese and overseas companies in many industries. Photo courtesy of CCCC Shanghai Dredging Co. Their comments were made at the 22nd World Dredging Congress & Exhibition, which was held in Shanghai on Monday and Tuesday. My impression of Chinese dredging engineering teams is that not only do they offer relatively good prices, but their level of engineering quality is not too much different from European companies - I mean, very good quality, he told the Global Times during a press briefing on Tuesday. Luis Fernando Garcia da Silva, head of the Brazil-based Port Administration of Paranagu and Antonina, said that the administration currently has two dredging project contracts with Chinese companies, one with the CCCC Shanghai Dredging Co and another with the China Merchants Group. (news.financializer.com). As reported in the news.