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

company: First Eagle Investment Management Llc who had been investing in Newmont Mining Corp for a number of months, seems to be bullish on the 24.86 billion market cap company, according to MSNBC. The stock increased 0.40% or 0.12 during the last trading session, reaching 30.22. The hedge fund held 11.72 million shares of the precious metals company at the end of 2018Q4, valued at 406.14M, up from 11.71M at the end of the previous reported quarter. About 6.85M shares traded. It has underperformed by 13.97% the S&P500. Newmont Goldcorp Corporation NEM has declined 9.60% since May 5, 2018 and is downtrending. (news.financializer.com). As reported in the news.

delay departure: The parties have been in negotiations for over a month to try to broker a Brexit deal that can secure majority support in parliament, after May's minority government suffered three defeats on her preferred deal this year and was forced to delay Britain's departure, according to Nine News Australia. To the leader of the opposition I say this Let's listen to what the voters said in the local elections and put our differences aside for a moment. To improve your experience update it here News WorldUK Labour says leaks threaten Brexit talks By AAP10 09pm May 5, Prime Minister Theresa May has stepped up calls for Labour Party leader Jeremy Corbyn to agree to a cross-party deal to leave the European Union, following poor results for both parties in local elections. Let's do a deal, she wrote in the Mail newspaper today. AAP Labour responded by saying any deal should be done quickly, but accused May of leaking details of the compromise under discussion and jeopardising the talks. Prime Minister Theresa May during a speech to local party members at the Humber Royal Hotel in Grimsby, following the voting in the English council elections. (news.financializer.com). As reported in the news.

force negotiators: He also warned he would tax nearly all of Chinese exports to the United States, according to CNN. Trump appeared to be reviving an old playbook by threatening to ratchet up tariffs on Beijing in the hopes of applying additional pressure on China to force negotiators to strike a deal as early as this week. Trump warned Sunday that he would lift tariffs Friday on a bundle of Chinese goods to 25% from the current 10% threshold, reactivating a threat he removed months ago just as it appears the two economic superpowers are on their way to a deal. Earlier this year, Trump said he was prepared to enact new sanctions, and increase existing ones, if a deal wasn't struck by a hard deadline of March 1, but indefinitely shelved those plans. The Dow was down more than 400 points Sunday evening, while the Nasdaq was down more than 100 points. The President's renewed tariff threat alarmed investors Sunday, sending stock futures down. (news.financializer.com). As reported in the news.

house seats: Nine's exclusive IPSOS poll for May shows the Coalition has improved slightly, increasing 1 point to 48 percent on a two-party preferred basis, according to Nine News Australia. However, the current figures show the Coalition down two-and-a-half percent on the last election figures which - if applied as a uniform national swing - would see 10 lower house seats turn red. To improve your experience update it here News National Shorten closing in as preferred prime minister, according to latest polling By Benjamin AnsellAAP11 43pm May 5, is on track to take out the federal election and Bill Shorten has improved significantly in the race for preferred prime minister, according to the latest IPSOS figures. According to the latest polling data, Labor is on track to take out the federal election AAP The biggest move was in the preferred prime minister stakes, which sees the opposition leader climb five percent to 40 percent, just five percent adrift of Mr Morrison, who is on 45 percent. The primary vote for the Greens rose from 13 to 14 percent according to IPSOS while Pauline Hanson's One Nation remains unchanged from the April survey retaining a primary vote of 5 percent. The Coalition's primary vote fell from 37 to 36 percent over the past month while Labor had a primary vote of 33 per cent, down from 34 per cent one month ago and down from 35 per cent at the last election. (news.financializer.com). As reported in the news.

labor: Newspoll, also released late on Sunday and published in the Australian, put the figures the same as a week ago, at 51-49 to Labor, but with a one-point fall in its primary vote to 36%. Scott Morrison will start Monday in Sydney, spruiking the Coalition's help for the nation's businesses, including a new plan for a 50m fund to give manufacturers incentives to invest in more modern technology, according to The Guardian. Ultimately, the government's initial investment is expected to attract 110m from the manufacturing industry as it is given out in funding-matched grants. The Ipsos poll published in the Sydney Morning Herald and the Age on Sunday night had Labor ahead 52-48, a one-point drop from the result a month earlier. Former PMs bury the hatchet in show of unity at Labor campaign launch Katharine Murphy Read more That would be good news for Australians looking for jobs, according to the science minister, Karen Andrews. The Coalition also wants to reinvigorate the Australian Made campaign, to encourage more foreigners to buy products made down under. We want to keep our manufacturers at the cutting edge so they can create more jobs, she said. (news.financializer.com). As reported in the news.

leisure travel: Travel enthusiasm 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 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.

measures aim: According to Guangdong Provincial Department of Natural Resources, the measures aim to give the right of using these islands over to individuals, and anyone who wins the bidding should hand over a proposal for utilizing the island within two years, according to Global Times China. The proposal will be reviewed and approved by government departments and experts. Xinhua/Wei Hua South China's Guangdong Province has released a plan for purchasing its uninhabited islands for tourism, transportation, fishery or other uses. The right to develop the uninhabited island will be granted for tourism, entertainment, transportation, industrial storage, fishery and other business purposes. One was transferred by means of bidding, auction and listing. A total of 26 uninhabited islands in China were granted real estate registration certificates from 2011 to 2017, of which 25 were transferred by means of examination and approval, the Beijing Daily reported on Sunday. (news.financializer.com). As reported in the news.

print content: The past several years have seen these South Korean web comics make forays into Japan, where they have quickly carved out a fan base among digital native youth who are increasingly shunning the traditional print formats in favor of titles read on apps. ; This changing landscape begs the question Should Japanese manga publishers, who have for years invested first and foremost in developing print content, jump on the webtoon bandwagon to strengthen their outreach to a foreign, tech-savvy audience Opinions among industry insiders and experts are mixed, but at least for Hideki Egami, a former editor at leading publisher Shogakukan, the answer is a definitive yes, according to The Japan Times. Sales for comic magazines in Japan have long been trending downward we don't know how much further the domestic market for print manga will shrink, Egami said. Emerging as a threat is the growing popularity in Asia of the South Korea-born web comics collectively known as webtoons a portmanteau of web and cartoons that experts say are overshadowing the global presence of manga. Japanese publishers are now at a stage where they can't overlook the need for going digital and overseas. Vertically optimized True Beauty,' a hit South Korean webtoon' depicting the life of a nerd who becomes the prettiest girl in school after mastering the art of makeup application, is fast attracting fans in Japan. Webtoons, I think, are the most reasonable way forward. (news.financializer.com). As reported in the news.

round table: A proposal under discussion would see the minimum wage pushed up to 66% of median earnings, meeting the Organisation for Economic Co-operation and Development's definition of low pay, according to The Independent. It would allow the chancellor to say he had set a course to end low pay in Britain. Several sources familiar with the chancellor's thinking told the Observer they believed he was pushing to look at the ambitious end of what would be possible without damaging Britain's employment levels, suggesting he is contemplating going further than any developed nation. The chancellor held a meeting with Frances O'Grady, general secretary of the Trades Union Congress TUC last week, and he is understood to be meeting other union leaders at a round table this week. The Treasury has already commissioned a study into the effects of another major increase to the minimum wage, to be conducted by US academic Arin Dube. One government source said The chancellor is very concerned about poverty and sees this as one avenue of tackling it. (news.financializer.com). As reported in the news.

sex life: My wife has always earned more money than me, and for a while it absolutely killed our sex life, according to Market Watch. Dead. When wives earn more than their husbands, some men just can't handle it. I'm a trial lawyer now, but from 2006 to 2016 I didn't make a dime. Dave Peters was one of several men who told MEL Magazine what it was like when their wives earned more money than they did. I went back to school to get my master's and Ph.D. and try to break into academia. (news.financializer.com). As reported in the news.

middlebury institute: The Middlebury Institute of International Studies at Monterey provided CNN with two images of the smoke trail, according to CNN. A US official tells CNN that an early analysis says the launches appear to have been both MLRS multiple launch rocket systems and what is being looked at as a possible short range ballistic missile. The location of the launch, the thick, smoky appearance of the exhaust and the fact that there is only one rocket trail all suggest this was the short-range ballistic missile that North Korea showed in its propaganda, said Jeffrey Lewis, director of the East Asia Nonproliferation Program at the Middlebury Institute. The missile test, North Korea's first since 2017, serves as a clear warning of leader Kim Jong Un's frustration at the state of talks with the US, which have been deadlocked since President Donald Trump walked out of their Vietnam summit early in February. Read More Lewis said the North Koreans began firing a barrage of short-range projectiles beginning at approximately 9 06 a.m. on Saturday 8 06 p.m., ET Friday . Sometime around or after 10 a.m., Pyongyang fired another projectile. The launch follows a warm meeting between Kim and Russian President Vladimir Putin less than two weeks ago and likely signals more tests to come, Lewis said. (news.financializer.com). As reported in the news.

lavrov: Attempts to stage a violent upheaval in Caracas have nothing to do with democratic process, and only disrupt any prospects of political settlement, Lavrov said, according to the Moscow-backed broadcaster RT. Any US attempt to topple Maduro through force would bring grave consequences Lavrov reportedly warned, according to The Guardian. Earlier, the US secretary of state, Mike Pompeo, urged Russia which, alongside China, is one of Maduro's two key international backers to stop interfering in Venezuela. Sergei Lavrov made the comments during a visit to Moscow by Venezuela's foreign minister, Jorge Arreaza an apparent bid to stress international support for Maduro following last week's abortive uprising against him in Caracas. We want Venezuela to be an autonomous, independent sovereign state, with democratic elected officials. We don't want anyone messing around with Venezuela. This is what we desire for the Venezuelan people, Pompeo, who is due to meet Lavrov in Finland on Monday, told Fox News. (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 Trump weighs in on Kentucky Derby Wallace presses Pompeo on Russia Biden calls Trump a clown'By ANNA PALMER, JAKE SHERMAN and DANIEL LIPPMAN 05/05/2019 10 59 AM EDTPresented by Luis Saez rides Maximum Security across the finish line first during the 145th running of the Kentucky Derby horse race. Sign up for POLITICO Playbook today. Kiichiro Sato/AP Photo DRIVING THE DAYFIRST IN PLAYBOOK -- THE PRESIDENT' President Donald Trump will present the Commander-in-Chief's Trophy to the Army Black Knights, the U.S. Military Academy's football team. Trump will attend First Lady Melania Trump's Be Best celebration. He will also present Tiger Woods the Presidential Medal of Freedom. (news.financializer.com). As reported in the news.

sunday afternoon: Former Rep, according to MSNBC. Barney Frank, D-Mass., was on MSNBC Sunday afternoon and was asked about whether his former colleagues should pursue removing Trump from office over the Mueller report despite the fact that Trump has been cleared of conspiring with the Russians and obstructing justice. 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It is impossible that Donald Trump told the truth because he's contradicted himself so many times. When it comes to impeachment, Frank said, I agree that impeachment should not go forward. At the best he could have told the truth maybe 60% of the time because there's a great conflict with what he says on one occasion and what he says later with regard to Michael Cohen, with regard to Stormy Daniels, with regard to other things, Frank said. (news.financializer.com). As reported in the news.

wealth: The labor market is strong, according to CNN. Earnings are beating expectations. The health and wealth of the US economy The economy is on solid footing. But what are investors expecting the scorecard to look like for the second quarter (news.financializer.com). As reported in the news.

chakri dynasty: He ascended to the throne over two years ago following his the death of his beloved father but waited until after a long mourning period before setting his coronation date, according to The Japan Times. Saturday's somber ceremony opened with the white-gowned king the folds of his robe leaving one shoulder bared receiving sacred water from across Thailand and dabbing it gently across his face at a shrine inside the Grand Palace complex. Starting at the auspicious time of 10 09 a.m., the public was granted a rare window into the cloistered halls of Thai power as the key rituals of the three-day coronation began. ; King Vajiralongkorn is the 10th monarch of the Chakri dynasty, which has reigned since 1782. A cannon salute marked the moment as pipes played and Buddhist monks chanted. He later took his seat under the umbrella of state and was handed the great crown of victory, a tiered gold 7.3-kilogram 16-pound headpiece topped by a diamond from India. Several gray-haired Hindu Brahmins were also in attendance at the syncretic ceremony, which symbolizes Rama X's transformation from a human to divine figure. (news.financializer.com). As reported in the news.

combat ability: Pyongyang's official Korean Central News Agency said Kim expressed great satisfaction over Saturday's drills and stressed that his frontline troops should keep a high-alert posture and enhance combat ability to defend the political sovereignty and economic self-sustenance of the country . Earlier South Korea has issued a stern rebuke to Pyongyang for escalating military tensions on the divided peninsula for firing what it called a series of unidentified short-range projectiles into the sea, according to The Independent. The projectiles were fired on Saturday from the east coast city of Wonsan at around 9am, and flew 70 to 200km towards the north-east, South Korea's Office of the Joint Chiefs of Staff said in a statement. The admission came a day after South Korea's military detected North Korea launching several unidentified short-range projectiles into the sea off its eastern coast. The launches were likely to be meant as a warning to the US after the failure of a denuclearisation summit in Hanoi between North Korea's Kim Jong-un and the US president, Donald Trump, analysts said. Since then both leaders have said they are open to meeting again, and praised their personal relationship, but there has been little movement on key obstacles to a deal. Kim Jong-un oversees first weapons test since failed US-North Korea summit Read more North Korea had hoped to get US sanctions lifted at the February meeting, but Trump walked away, claiming that Pyongyang was not prepared to go far enough in dismantling its nuclear weapons programme. (news.financializer.com). As reported in the news.

dalio: Obviously, normal fiscal policy is usually the way we handle those sorts of investments, according to Market Watch. But the problem with relying on fiscal policies in a downturn besides them being highly politically charged is that it is slow to respond it has long lead times, you have to make programs, concerns over deficits can make it more challenging politically to pass fiscal stimulus, etc., Dalio said. In a Wednesday blog post on Linked In, Dalio, founder of Bridgewater Associates LP, the world's biggest hedge fund, said the ineffectiveness of current monetary policy alone, including cutting interest rates or offering cheap financing to a select few, will make some version of strategies like so-called Modern Monetary Theory MMT or what he refers to as Monetary Policy 3 MP3 more tenable options in the future. It is inevitable that this shift will happen because it is inevitable that central bankers will want to ease when interest rates are pinned at 0% and when quantitative easing will be ineffective in achieving the goal, he wrote. Billionaire Dalio makes the case that traditional policies have widened the gap between the poor and the wealthy rather than helping to stimulate growth across socioeconomic classes, among other aforementioned foibles. Proponents of MMT argue that a government that borrows in its own currency doesn't need to worry about running up a deficit as long as inflation isn't running out of control because it controls the money-printing press. (news.financializer.com). As reported in the news.

iran: The White House announced on April 21 that it would end oil purchase waivers by May 2 to Iran's five main customers, China, India, Turkey, Japan and South Korea, cutting Iran's access to its main source of foreign currency revenue, according to Global Times China. Observers noted that China's energy security won't be affected too much since it has multiple overseas energy suppliers and diversified options for energy products, but this issue could become a new bargaining chip for the US in trade talks with China. File photo VCG To maintain its relations with Iran, a key partner on energy and the Belt and Road Initiative BRI China is unlikely to submit to unilateral sanctions by the US on Iranian oil exports, Chinese analysts said on Saturday, though some Chinese companies doing business with Iran feel the pressure. According to nasdaq, the latest price for Brent crude oil dropped to 70.85 on Friday from 73.80 on April 23. China has multiple overseas oil suppliers, so the US sanctions won't have a huge impact on China's energy security. Bai Ming, deputy director of the Ministry of Commerce s International Market Research Institute, said that the US doesn't want to see the international oil market panic, so it will ask other oil exporters and its allies, like Saudi Arabia, to maintain supply. (news.financializer.com). As reported in the news.

investment: Total investment in highways and waterways took the lion's share of FAI with an inflow of 372.2 billion yuan in the first three months, a year-on-year growth of 3.3 percent, according to Global Times China. Specifically, investment in expressways expanded 12.6 percent to reach 191.5 billion yuan while that of coastal construction recorded the fastest growth rate of 26.1 percent to 10 billion yuan, according to the ministry. FAI increased 4.8 percent year on year to stand high at 488.9 billion yuan 72.64 billion U.S. dollars in the period, the Ministry of Transport said in a statement. China will expand infrastructure investment in 2019, including 800 billion yuan in railway construction and 1.8 trillion yuan in road construction and waterway projects, according to a government work report. (news.financializer.com). As reported in the news.

luxury brand: The luxury brand announced the ambitious plan in 2015 but has now confirmed that the 4-hectare 10-acre site in Leeds is to be sold off after several years of stalling in the wake of the Brexit vote, according to The Independent. The scheme was the brainchild of Burberry's last chief executive, Christopher Bailey. The site had been the centrepiece of a vaunted 50m investment in its British manufacturing base. The proposed factory would have enabled the company to produce the coats and the gabardine cloth they are made from under one roof. Burberry planned to use the new facility to triple its UK production run of 5,000 coats a week and create 200 additional jobs. At present, they are made by an 800-strong workforce at two separate sites in Castleford and Keighley. (news.financializer.com). As reported in the news.

manila-based adb: But our oceans are in danger, ADB President Takehiko Nakao said in his opening address at the bank's annual meeting in Nadi on Friday, according to The Japan Times. Noting that rising water temperatures, untreated wastewater and plastic pollution are damaging the oceans, Nakao warned, If we do not act now, by 2050, 90 percent of the region's coral reefs will be dead, and there will be no commercially exploitable wild fish stocks left. The Manila-based ADB also plans to support sustainable tourism and fishery operations in the region, its Japanese president said. ; Healthy oceans are essential to our planet and for millions of people in Asia and the Pacific. The 5 billion will cover four areas, including the development of sustainable port infrastructure. The ADB will also provide technical support while working to attract private-sector investment. The aid will help countries in the region reduce, reuse and recycle plastic waste and address other marine pollution problems, the former vice finance minister for international affairs said. (news.financializer.com). As reported in the news.

colorado: According to The State of Legal Marijuana Markets report, Canadians spent A2.28 billion on legal weed in 2018, with the Colorado Department of Revenue saying the state's regulated pot industry has generated more than A8.5 billion in sales since legal recreational marijuana sales began in 2014, according to Nine News Australia. Gorilla Pure Kush is just one of the many varieties of marijuana for sale at the Santa Ysabel Smoke Shop and Dispensary Media News Group via Getty Images Investment strategist Mark Bernberg said Australia was losing billions of dollars of potential tax revenue from legal marijuana, questioning why it's not being addressed on the election campaign. To improve your experience update it here News National Legal cannabis could earn 1b tax revenue and create 250,000 jobs By Matt Dunn Senior Producer3 40pm May 4, 2019 and marijuana is now recreationally legal in Canada and across 10 states in the US. And it appears allowing adults to legally purchase and consume cannabis is big business. It's a product very much like alcohol and gambling that's recession proof because it's a product of recreational consumption for adults, he told nine.au. To date, the state's marijuana taxes since recreational sales started have generated more than A1.3 billion in tax revenue. The said taxes from regulated marijuana sales in Colorado, which include licenses and fees from dispensaries, exceeded A380 million in 2018 up nearly 8 per cent compared to the year prior. (news.financializer.com). As reported in the news.

mortgage: That was down 6 basis points during the week, according to Market Watch. It snapped a four-week streak of increases for the popular product, the first time it had sustained such a long stretch of gains since last September. The 30-year fixed-rate mortgage averaged 4.14% in the May 2 week, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.60%, down from 3.64%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.68%, down 9 basis points. Fixed-rate mortgages follow the trajectory of the benchmark 10-year U.S. Treasury note TMUBMUSD10Y, 0.00% . The yield on it and other bonds swooned earlier in the year after the Federal Reserve surprised investors by saying that the case for interest-rate increases had weakened because of soft inflation, slower growth, and policy uncertainty. Those rates don't include fees associated with obtaining mortgage loans. (news.financializer.com). As reported in the news.

visa dispensation: We are committed to working towards the African Union's goal of visa free travel and a single African air transport market, he said, according to Global Times China. The South African government is in the process of radically overhauling its visa dispensation for the rest of the world and introducing a world class e-visa system, Ramaphosa said. African countries must reduce the onerous and often unnecessary bureaucratic red tape that tourists who want to visit African countries face, Ramaphosa said at Africa's Travel Indaba 2019, the continent's largest travel trade show, in Durban, a coastal city in eastern South Africa. He said tourism plays an important role in his government's strategy to raise over 100 billion US dollars in new investment over five years. We are... acutely aware that we face competition from other tourism destinations around the globe, he said. As part of efforts to revitalize the economy, South Africa is focusing its energies on labor-intensive sectors such as agriculture, the oceans economy and tourism, Ramaphosa said. (news.financializer.com). As reported in the news.

vision: If pursued, an IPO would give investors in the fund a way to cash out part or all of their stakes, according to The Japan Times. The fund might consider a direct listing rather than a traditional IPO, the person said. ; A listing of any sort would be unusual for a venture firm, but the Vision Fund has operated outside of traditional venture parameters since its debut in 2016. The idea is in an early stage, said a person familiar with the situation who asked not to be identified because it was private. It dwarfs other funds in size and invests more broadly than most venture funds, including in mature companies like chipmaker Nvidia Corp. Soft Bank is planning a second Vision Fund, and is also launching a Latin American fund in the mold of the Vision Fund. The Vision Fund has explored raising an additional 15 billion to keep funding its ambitious investment activities. (news.financializer.com). As reported in the news.

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financializer news

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