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

stake: This material has been extracted from filings released by the SEC from April 25 through May 1, 2019, according to The Independent. Source Insider Score Activist Holdings Gannett Company GCI On April 25, MNG Enterprises reported in a filing that it held a stake of 8,506,799 shares in the news media publisher, equal to 7.5% of the tradable stock. Subsequent changes in holdings or intentions must be reported in amended filings. MNG also revealed in the filing that it had halved the number of nominees for election to Gannett's board at the upcoming annual shareholders meeting. Select Interiors Concepts SIC ADW Capital Management disclosed on April 30 its stake in the interior home products maker and distributor; the stake amounted to an approximately 9.7% holding, or 2,514,900 shares of Select Interior's outstanding stock. The reduction from six to three candidates resulted from discussions with other shareholders and will provide what MNG believes to be the strongest platform to send a clear message that the board must act now to commence a review of strategic alternatives to maximize shareholder value. (news.financializer.com). As reported in the news.

observer member: China, despite being a non-Arctic state, is increasingly active in the polar region and became an observer member of the Arctic Council in 2013, according to The Japan Times. That has prompted concerns from Arctic states over Beijing's long-term strategic objectives, including possible military deployments. The assessment is included in the U.S. military's annual report to Congress on China's armed forces and follows Beijing's publication of its first official Arctic policy white paper in June. ; In that paper, China outlined plans to develop shipping lanes opened up by global warming to form a Polar Silk Road building on President Xi Jinping's signature Belt and Road initiative. The Pentagon report noted that Denmark has expressed concern about China's interest in Greenland, which has included proposals to establish a research station, establish a satellite ground station, renovate airports and expand mining. The Pentagon report noted that China's military has made modernizing its submarine fleet a high priority. Civilian research could support a strengthened Chinese military presence in the Arctic Ocean, which could include deploying submarines to the region as a deterrent against nuclear attacks, the report said. (news.financializer.com). As reported in the news.

rate increase: That is according to Jitesh Kumar, a derivatives strategist at Soci t G n rale, who says the most accurate predictor of long-term volatility in the S&P 500 SPX, 0.96% over the past 50 years or so has been the inflation-adjusted fed-funds rate, or the real rate, according to Market Watch. And real rates U.S. Treasury yields minus expectations for coming inflation have steadily risen since the central bank raised its benchmark overnight lending rate in December of 2015, with the Fed raising rates a total of nine times since its last rate increase at the end of last year. As the delayed impact of the Federal Reserve's rate-hike policy filters its way through the U.S. economy, a pickup in volatility can be expected. The key takeaway from our work over the past few years analyzing the impact of macro factors on equity volatility is that it is the real central bank policy rate that drives the subsequent volatility in equities, said Kumar, in a research note on Friday. Kumar didn't clarify if the expected uptick in volatility would lead to lower equity values. See Should stock-market investors watch out for a volatility pickup Read Here's one sign in bonds that the U.S. is poised for a sharp economic slowdown in 2019 Higher interest rates can make stock-market investors nervous because it translates into higher borrowing costs, which can, in turn, crimp corporate investment, earnings and ultimately hamstring economic momentum. (news.financializer.com). As reported in the news.

sector: 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, according to The Independent. You can form your own view. Cue a frenzy of pointy headed scribbling from the City's pointy headed scribblers. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. It rose to 50.4 in April, with 50 indicating growth. Subscribe now Read more UK services sector shrinks for first time since Brexit vote Britain's dominant services sector has turned in a shocker Brexit uncertainty causes shock slump to UK service sector There'll be a lot more scribbling done today after the the IHS Markit/Cips UK Purchasing Managers PMI index covering the dominant part of UK plc tried to rain on his parade. (news.financializer.com). As reported in the news.

statement: The mother was identified only as Mrs, according to Global Times China. Zhao in the statement. The mother of Zhao Yusi, the student, said that she has been misled, her generosity has been taken advantage of, and her daughter has fallen victim to the scam, in a statement sent to the Global Times through Vincent W C Law, a partner at law firm Mayer Brown in Hong Kong on Friday. There is no further information to provide other than the statement, Law told the Global Times. According to media reports, Zhao Yusi's father, Zhao Tao, is the chairman of Shandong Buchang Pharmaceuticals, a supplier of traditional Chinese medicine to fight cardiovascular disease. The statement from the law firm did not provide information about the daughter and father. (news.financializer.com). As reported in the news.

website: Criminals are taking advantage of security cameras' access to the internet, putting people at potential risk, according to Nine News Australia. On just one international website, which A Current Affair is choosing not to name, hundreds of Australian security cameras are featured. To improve your experience update it here News National How crooks could be using your own security cams to spy on you By A Current Affair Staff7 42pm May 3, and business owners have been warned to check their security cameras - they could be being spied on by crooks. Criminals are able to access security cameras through the internet. These days, security cameras are accessibly by the internet because we want to be able to see what's happening at home, on our mobile phones, tech expert Trevor Long said. A Current Affair One shows children playing in a family's backyard, another a business owner accessing her in-store cash box. (news.financializer.com). As reported in the news.

senators: Mark Makela/Getty Images GOP Senators Want Senate to Condemn Sanders/AOC Economics By Mark Tapscott May 3, 2019 Updated May 3, 2019 Share WASHINGTON It's unprecedented for the U.S. Senate to explicitly condemn with an official resolution a particular theory of economics, but five Republican senators say it's time to do exactly that, according to MSNBC. The theory is Modern Monetary Theory MMT and it's most closely associated with Sen. Bernie Sanders I-Vt. participates in a FOX News Town Hall at Steel Stacks in Bethlehem, Pennsylvania on April 15, 2019. Bernie Sanders I-Vt. and Rep. Sanders, Ocasio-Cortez, and other MMT advocates argue federal officials should stop worrying about budget deficits because the government need only print more money to cover them and to pay for new programs like Medicare for All and the Green New Deal. Alexandria Ocasio-Cortez D-NY the two most prominent Democratic Socialists in Congress. (news.financializer.com). As reported in the news.

tsx ticker: The TSX ticker is shown in Toronto on May 10, 2013, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS Ten of the 11 major sectors were up on the day, led by materials and energy on higher commodity prices. The S&P/TSX composite index closed up 83.55 points at 16,494.43, but was down 119 points for the week, following four days of losses. The June gold contract was up US 9.30 at US 1,281.30 an ounce and the July copper contract was up 3.95 cents at US 2.82 a pound. Energy partially rebounded from crude price decreases that have seen the price of West Texas Intermediate drop by more than two per cent this week, but still remains up 36.4 per cent year-to-date. The June crude contract was up 13 cents at US 61.94 per barrel and the June natural gas contract was down 2.2 cents at US 2.57 per mmBTU. Article Continued Below The metals sector's increase was led by Sherritt International and Turquoise Hill Resources Ltd., which gained 7.1 and 4.6 per cent respectively. (news.financializer.com). As reported in the news.

jobs: And breaking news, the April jobs report just released and wow, employers adding 263,000 jobs dropping the unemployment rate to the lowest in almost 50 years, an initially impressed Jansing proclaimed at the top of the 9 00 a.m, according to MSNBC. ET hour. Anchor Chris Jansing went to work trying to take credit away from the Trump administration and downplaying the numbers. She then warned viewers Those numbers presenting a 2020 challenge for the Democrats as the President's acting chief of staff Mick Mulvaney reminded everybody this week once again, It's the economy, stupid.' Politico's chief economic correspondent Ben White joined the program to analyze the report. So when we do these jobs numbers, we talk about good declines in unemployment and not-so-good declines in unemployment, this comes in the not-so-good category. While he acknowledged that the economy is in pretty good shape, he quickly tried to throw a wet blanket on the good news But let's remember, on the unemployment rate going down to 3.6%, that happened largely because of a decline in the size of the labor force. (news.financializer.com). As reported in the news.

years: Drew Millard May 03 2019 12 00PM EST I got into gambling three years ago, at the age of 27, when I had to fly to Las Vegas to interview the British DJ duo Disclosure, according to MSNBC. I was scheduled to talk to them at one in the morning backstage at a nightclub in some casino they were DJing the club at two and so, with some time to kill, I took 20 and started playing the slots. PowerBUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL! BUY! SELL!BUY BUY BUY!SELL SELL SELL!BUY AND SELL AT THE SAME TIME! PowerI made 15 betting on Donald Trump's tweets and you can too! Predict It, which calls itself The Stock Market for Politics combines political punditry with legal gambling. I ended up winning something like 80 through sheer dumb luck, and even though Disclosure blew me off long story, but it turns out famous British DJ duos enjoy drinking champagne with their friends more than talking to reporters I at least made enough money to pay for the Ubers I had to take to and from various airports. Everything else the social stigma surrounding it, the low odds of landing a windfall, and the very real possibility of losing way too much money on it is what makes it great for me, at least . Because I don't live near a casino and I don't know any Tony Soprano-types to invite me to their all-night underground high-stakes poker games in a crummy motel suite, I often find myself poking around in the liminal space between gambling and legitimate finance. Ever since then, I've found that the main thing that sucks about gambling is that it's illegal to do it on my phone. (news.financializer.com). As reported in the news.

controls share: Its American private equity owner Apollo Global Management is also looking to cash in by selling off some of its 90% stake, according to The Independent. Watches of Switzerland's chief executive, Brian Duffy, said the luxury watch market was an attractive one for investors, with the company's annual growth running at 18% since 2014. On Thursday, Watches of Switzerland, which also owns the Goldsmiths and Mappin & Webb brands, said it was looking to raise cash by selling new shares and would use the proceeds to slash its 260m debt pile. The company, which controls a 35% share of the UK luxury watch market, made an underlying profit of nearly 68m on sales of 746m in the year to the end of January. The company said rivals would find it difficult to replicate such relationships, which took many years to develop. Why bling booms when austerity rises Read more Founded in 1924, Watches of Switzerland has had long-running relationships with leading brands, including Rolex, Patek Philippe, Tag Heuer and Omega. (news.financializer.com). As reported in the news.

delta electricity: Documents released under freedom of information show St Baker has lobbied the government for support since 2017, when Treasury officials advised Morrison, then the treasurer, against agreeing to his requests, according to The Independent. One in three voters confused about which party has better energy policy Read more According to a ministerial brief, St Baker and Delta director Brian Flannery met Malcolm Turnbull, the then prime minister, and Josh Frydenberg, the then energy minister, on 8 August 2017 and expressed their desire for continued investment in coal and a moratorium on support for renewable energy. Morrison announced in March that an upgrade of the Vales Point coal plant, owned by St Baker's Delta Electricity, was one of 12 projects the government was considering underwriting with taxpayers' funds. They met Morrison the next day. Doing so would further encourage electricity generation companies to try and offset their private investment with public assistance, it said. In a second brief on 20 September, before a planned visit by Morrison to Vales Point that ultimately did not go ahead, Treasury officials advised against providing or hinting at providing any assistance to Delta for Vales Point or any other electricity assets. (news.financializer.com). As reported in the news.

employment policies: The truth is the lifetime employment system was not sustainable for much of the just-ended Heisei Era, according to The Japan Times. A majority of companies and business leaders have been facing the limitations of the traditional employment policies for years. Nakanishi's comment has made waves throughout the Japanese business community, raising anxiety among white-collar workers, otherwise known as salarymen. Now that the mighty Keidanren chief has publicly acknowledged this inconvenient truth, can the rest of Japan come out of its state of denial and change gears, accelerate and catch up with the rest of the world And is the government ready to implement labor polices appropriately modernized to match the new Reiwa Era ; The notion of salaryman with unshakable loyalty to his company that provides lifetime employment security evolved with Japan's impressive postwar economic growth during the Showa Era. To cope with a stagnant economy and muted demand, many firms have been making adjustments in their human resource management practices. But this narrative started to change during the deflation-plagued Heisei years, when the costs of maintaining loyal salarymen began to outweigh the benefits of owning a stable and predictable labor force. (news.financializer.com). As reported in the news.

equity strategist: And while the S&P 500 index SPX, 0.96% and Nasdaq Composite COMP, 1.58% hit fresh records, fewer stocks are participating, according to Market Watch. This combination investor complacency plus narrowing market breadth often shows up ahead of a nice pullback. Sentiment is getting rich which sets the market up for a pullback in the contrarian sense. Plus we are moving into the seasonally more volatile time of the year. He's not forecasting a bear market. If we don't see a pullback, at best we could see limited upside from here because all the good news may be priced in to the market, cautions Robert Doll, chief equity strategist and senior portfolio manager at Nuveen. (news.financializer.com). As reported in the news.

executive directors: Investors are increasingly critical of the payments, which they view as backdoor remuneration, according to The Independent. Apart from two other board members, the rest of Lloyds staff are offered just 13% of salary. Ant nio Horta-Os rio receives 33% of his salary, or 419,000, as a cash payment in lieu of pension. Frank Field, the independent MP who chairs the work and pensions select committee, and Rachel Reeves, the Labour chair of the business committee, on Thursday released a joint letter to Lloyds about the issue. As you will be aware, the Investment Association's IA guidelines as well as the UK corporate governance code state that pension contribution rates for executive directors should be aligned with those of their workforce, the letter said. They warned that the payments contravened pay policy outlined by the trade body that represents UK investment managers and in the official City code. (news.financializer.com). As reported in the news.

iphone chart: But what if you are a prudent investor You should be paying close attention to Apple's AAPL, 1.24% 17% problem, according to Market Watch. Let's examine the issue with the help of a chart. If you have drunk the Kool-Aid of the momo crowd, all you care about is that Apple's stock is rising; there is no need to analyze or read this column. Read Apple is optimistic, and it isn't because of the iPhone Chart Please click here for an updated chart of Apple's stock. For the sake of transparency, this chart is the same as when it was originally published. Please note the following Before you send me hate mail, please click here. (news.financializer.com). As reported in the news.

loans: It's the same as excessive lending by consumer credit companies, he added, noting that some developing countries may not realize the interest commitments they are taking on along with the debt burden, according to The Japan Times. China's 99-year lease of the port in Hambantota, Sri Lanka, was one example, Aso said. China must graduate from ADB loans, Aso told a news conference after holding talks with Liu on the sidelines of an annual ADB conference that opened in the Fiji resort city of Nadi the same day. ; Aso said he finds it problematic that China, while taking loans from the ADB as a developing country, makes excessive loans to emerging economies, which causes some of them to face repayment difficulties. By criticizing Beijing's stance, Aso apparently aims to pave the way for the ADB to reduce its loans to China and allocate more funds to emerging countries that need financing for infrastructure development. On that matter, Aso and Liu discussed ways to develop guiding principles for high-quality infrastructure investment based on repayable loans. Developing a method to enable low-income countries to continue repaying their loans has become an issue in relation to China's Belt and Road regional development initiative. (news.financializer.com). As reported in the news.

bus company: Stagecoach South East had been brought on board by this year's host venue, Turner Contemporary in Margate, which saw the local bus company as a good match, according to The Guardian. It appears that nobody joined the dots to the company's boss, Sir Brian Souter, one of Scotland's richest men who used his wealth to fund a campaign to retain the anti-gay law section 28 and has warned that society may implode if traditional marriage fails. There was anger and a degree of disbelief when it was revealed on Wednesday that a company founded and chaired by a wealthy campaigner against gay rights would be lead sponsor of the prize this year. It is understood that a letter was being prepared by artists, to be signed by former Turner prize winners, objecting to Stagecoach South East's involvement. The galleries' statement said Turner Contemporary and Tate's highest priority is to show and celebrate artists and their work. At 10pm on Thursday Tate, Turner Contemporary and Stagecoach South East announced that the sponsorship had been swiftly ended. (news.financializer.com). As reported in the news.

jazeera: One Nation leader Senator Pauline Hanson tried it unsuccessfully when Al Jazeera's How to Sell a Massacre documentary first aired back in March, according to Nine News Australia. The magnitude of that error was exposed this week when video filmed by Al Jazeera and leaked to A Current Affair, showing One Nation's Queensland leader Steve Dickson's appalling behaviour in a Washington DC strip club, came to light. To improve your experience update it here News National Lessons from the One Nation strip club leak By Dan Nolan5 44pm May 2, the messenger instead of addressing the core issue has never been an effective way of dealing with anything, let alone a major scandal. Senate candidate Steve Dickson resigned after this week's bombshell report. As the journalist who broke this week's revelations, I too have now come under fire, mainly because I once worked for Al Jazeera ignoring the fact I have not been involved with them for eight years. A Current Affair But Senator Hanson and her vocal supporters would still have you believe the Qatari-owned broadcaster is the real story here. (news.financializer.com). As reported in the news.

newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook What Trump is saying behind closed doors about the Democratic field By BLAKE HOUNSHELL and DANIEL LIPPMAN 05/02/2019 06 00 AM EDTPresented by President Donald Trump speaks during the White House Opportunity and Revitalization Council meeting in the Cabinet Room on Thursday, April 4. Sign up for POLITICO Playbook today. Evan Vucci/AP Photo DRIVING THE DAYTIGER COMING TO TOWN Trump administration sources tell us that TIGER WOODS is coming to the White House on Monday for a ceremony to celebrate his Masters win. So what will Chairman JERRY NADLER do now We know he'll hold a mock hearing today at 9 a.m. with an empty chair. Fox News' Ed Henry tweeted he heard this Wednesday night -- we poked around, and it's true.WHAT WILL JERRY DO -- Attorney General BILL BARR was due to appear before the House Judiciary Committee today, but the Justice Department says he ain't comin', as Andrew Desiderio reported in his story laying out the latest back-and-forth.DOJ also said Barr won't comply with Dems' subpoena demanding he release the full, unredacted Mueller report and all the underlying evidence by today's deadline. (news.financializer.com). As reported in the news.

momo crowd: This market is controlled by the momo momentum crowd, according to Market Watch. The momo crowd believes blue skies are ahead as far as they can see. But many investors are so caught up in their own opinions that they shut out the message. The message the stock market sent during Federal Reserve Chairman Jerome Powell's press conference Wednesday says that the market is vulnerable. Chart Please click here for an annotated chart of S&P 500 ETF SPY, 0.98% which represents the S&P 500 Index SPX, 0.96% Please note the following The chart shows that the stock market rose immediately after the Fed decision was announced. Let's explore the issue with the help of a chart. (news.financializer.com). As reported in the news.

nato countries: Huawei has denied the allegations. ; Officials say they hope to conclude the meeting attended by representatives from 30 European Union, NATO and countries such as the United States, Germany, Japan and Australia with an outline of practices that could form a basis for a coordinated approach to shared security and policy measures, according to The Japan Times. Russia, China and Huawei were not invited, although a number of participants said no single company or country was being singled out. The United States has been seeking to limit the role of Chinese telecom equipment makers such as Huawei Technologies in building 5G networks due to fears they could be used by Beijing for spying. It is an attempt to widen the discussion to a platform that should involve the entire Western civilization, said one diplomatic source, adding that a non-binding summary by the chair to be issued on Friday was expected to provide principles for further discussions. A draft document seen by Reuters showed participants were discussing setting up certain security conditions for vendors that Chinese providers could find difficult to meet. Conclusions from the conference would be informal as some participating countries were not ready to sign any documents in Prague because they had not concluded debates about the issue at home, another diplomatic source said. (news.financializer.com). As reported in the news.

shareholding limits: These measures will also encourage stronger presence of foreign investment in the development of China's financial sector, the CBIRC spokesperson Xiao Yuanqi told Xinhua in an interview, according to Global Times China. Detailed rules in regulations for foreign banks and foreign insurance companies have been revised in accordance with the new rules and will soon be released, Xiao said. A total of 12 new rules will be released soon on the basis of profound research and evaluation, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission CBIRC said Wednesday. The playing field for foreign and domestic companies will be further leveled, said the spokesperson, citing the simultaneous abolishment of upper shareholding limits for a single Chinese-funded bank and a single foreign-funded bank in a Chinese commercial bank, as an example. According to the new measures, asset requirement for foreign banks to set up foreign-funded legal person banks or branches will also be removed in a bid to further diversify the structure of banking institutions in China. At present, the shares of foreign-funded banks and insurance companies' total assets have reached 1.64 percent and 6.36 percent, respectively, in China. (news.financializer.com). As reported in the news.

travel services: The amount of passion suggests greater efforts are needed to ensure everyone is entitled to annual leave and holidays, and to improve travel services, according to Global Times China. Hard work and diligence over the past four decades have played a role in building the economic miracle that China is today. It's thrilling to read data and news reports over the holidays regarding overbooked trains, flights and hotels, along with tourist attractions filled with domestic travelers. However, along with the shift to innovation-based quality growth, there has been a demand for leisure travel that indicates a higher living standards. Additionally, trips made by domestic travelers on public holidays continue to rise, unaffected by China growth woes. Domestic tourists made a total of 5.54 billion trips in 2018, up from 1.71 billion in 2008, according to data from the National Bureau of Statistics. (news.financializer.com). As reported in the news.

ups downs: The veteran diplomat is aware of the changes that need to happen to strengthen diplomatic relations, according to Global Times China. Adamson pointed out that whatever the outcome of the election, Australia's national interest lies in a constructive relationship with China. As Australia's former ambassador to China and current Secretary of the Department of Foreign Affairs and Trade, Adamson is au fait with the history and reality of the bilateral relationship, which has experienced a few ups and downs in the last two years. Adamson stressed the importance of more frequent and smooth communication and idea exchanges at various levels to clarify misinformation and prevent misunderstandings. During the meeting, Li noted there are far more common interests than differences between China and Australia, calling on both sides to see the bilateral ties from a perspective of win-win cooperation. When Premier Li Keqiang met with Australian Prime Minister Scott Morrison in Singapore at the sixth annual meeting between the heads of government of the two countries in November 2018. (news.financializer.com). As reported in the news.

overwatch: Dario Falcao-Rassokha, 17, is known as Akraken in the online video game Overwatch, according to Nine News Australia. He plays for the Sydney Drop Bears, a team that has won multiple tournaments over the past three years in Australia. To improve your experience update it The teen turning his love of video games into a lucrative career By Zac Kelly2 11pm May 2, 2019Facebook Tweet MailA Brisbane teen is living his dream, turning his passion into a globetrotting career while making the time to study for his final year of high school. He's been playing games since he was 10 and now he's turning his passion into a career, reeling in thousands in prizemoney at tournaments and representing Australia on the world stage. Dario Falcao-Rassokha at last year's Australian Overwatch Contenders tournament in Sydney. I've been with it a little bit over a year now, Dario told nine.au. (news.financializer.com). As reported in the news.