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

russian investor: The new election is not a wish, it is a necessity, Chancellor Kurz said, according to CNN. The snap election decision was sparked by the resignation of Vice-Chancellor Heinz-Christian Strache on Saturday, after a video surfaced showing him appearing to offer government contracts to a woman who claimed to be a Russian investor and niece of an oligarch. We are of the same opinion, that after these events it is not possible to go back to business as usual. What is important now, and that is the uppermost requirement, is to ascertain a full explanation of what happened. Strache also resigned as head of the Freedom Party on Saturday. We need all the suspicious facts which have arisen as a result of the video to be verified; that naturally concerns themes of potential abuse of power, to questions of potential criminal concern, Kurz added. (news.financializer.com). As reported in the news.

trade unions: But trade unions are already setting out the battlelines, saying the Morrison government has no mandate whatsoever to further pursue an anti-worker agenda, according to Nine News Australia. With just over 75 per cent of the vote counted on Sunday, the coalition appeared to hold 73 seats - three short of a majority. To improve your experience update it here News National Business urges calm after slim poll win By AAP4 00pm May 19, groups are hoping for a sensible approach when Prime Minister Scott Morrison wrestles with the possibility of a minority government after his surprise election win. Australian Chamber of Commerce and Industry CEO James Pearson hopes the speeches made by Mr Morrison and outgoing Labor leader Bill Shorten on the importance of bringing Australians together will translate into a sensible and calm approach as government is formed. We don't know what the Senate is going to look like, we don't yet know if the government will have a clear majority or will have to govern in some sort of arrangements with independents. I'd like to think that that kind of approach is something perhaps we could see a bit more of in the next parliament, Mr Pearson told ABC news on Sunday. (news.financializer.com). As reported in the news.

trade war: That could make the trade war between China and the United States even more complicated, according to CNN. One US dollar bought 6.92 yuan on Friday. Yuan alert The yuan just hit its lowest level against the dollar since November 2018. The Chinese currency has weakened by almost 2.7% this month and is now uncomfortably close to the symbolically important level of 7 to the dollar, last breached during the 2008 financial crisis. China has a vested interest in stabilizing the currency, as does the United States. What happens next is important. (news.financializer.com). As reported in the news.

inc: Meridian Investment Counsel Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the 869.60 billion market cap company, according to MSNBC. The stock decreased 0.57% or 1.08 during the last trading session, reaching 189. The institutional investor held 13,674 shares of the computer manufacturing company at the end of 2018Q4, valued at 2.16 million, down from 17,759 at the end of the previous reported quarter. About 32.88 million shares traded or 14.37% up from the average. AAPL has risen 0.49% since May 19, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.

years: The scheme, which will be administered by the Forestry Commission, will be open to individuals, local authorities, charities and NGOs, according to The Guardian. Grants will be given to pay for the planting of trees and for the first three years of their care in order to ensure they flourish. The environment secretary, Michael Gove, will announce on Sunday that grants for the plantings will be made available through the Urban Tree Challenge Fund. This will allow us to plant more trees much closer to where people live and work and where the benefits of trees make the most difference, said the Forestry Commission chair Sir Harry Studholme. Trees in cities and towns also absorb noise, reduce flood risk, provide shade in summer and are associated with general good health and wellbeing. Trees play a crucial role in the fight against global heating caused by burning fossil fuels that release carbon dioxide because they store carbon. (news.financializer.com). As reported in the news.

analysts investors: The tariff tiff is a reminder that Wall Street is being whipsawed by a number of factors, including geopolitical risks, signs of sluggishness in the domestic economy and the Federal Reserve's monetary policy, which could all combine to dent economic growth and corporate profits, according to Market Watch. However, it remains unclear which of those factors could provide the most potent catalyst for an economy that is in its tenth year of expansion and a bull run that is nearly just as long in the tooth. Last week's performance is perhaps a taste of what's ahead, analysts and investors told Market Watch, as the first-quarter earnings season concludes and the market wrestles with the U.S.-China trade standoff. Lately, stocks have been sensitive to trade rhetoric and policy announcements, with equities tumbling on Monday after President Trump allowed tariffs on 200 billion of annual Chinese goods to be raised to 25% from 10%. The president also declared his readiness to impose higher tariffs on another roughly 300 billion of goods, or nearly all the remaining products Americans buy from the world's second-largest economy. It was a week that saw the Dow log its fourth straight weekly decline, marking the longest such skid since 2016, finishing Friday's session off 0.7%. Meanwhile, the S&P 500 logged a weekly loss of 0.8% and the Nasdaq ended the five-day stretch 1.3% lower, according to Fact Set data. The Dow Jones Industrial Average DJIA, -0.38% the S&P 500 SPX, -0.58% and the Nasdaq Composite Index COMP, -1.04% each fell more than 2.4% that day, and reacted to a series of rhetorical volleys between the U.S. and Chinese officials, who announced retaliatory measures, for the rest of the week. (news.financializer.com). As reported in the news.

building operations: The company said it has spent more than 60 billion building operations in the country, including 10 manufacturing plants. ; Trump earlier Friday agreed with the conclusions of his Commerce Department, which investigated imports of vehicles and auto parts and found they harm national security by having led to a declining market share for American-owned carmakers since the 1980s, according to The Japan Times. The White House set a 180-day deadline for negotiating deals with Japan, the European Union and other major auto exporters. In an unusually strong-worded statement, Japan's largest automaker said Trump's proclamation Friday that the U.S. needs to defend itself against foreign cars and components sends a message to Toyota that our investments are not welcomed. Toyota said it remains hopeful that those talks can be resolved quickly, but warned that curbing imports would force U.S. consumers to pay more and be counterproductive for jobs and the economy. Representatives for other automakers were more diplomatic but also registered concern about the Trump administration's saber-rattling. The company's critique comes two months after its pledge to add 3 billion to a years-long U.S. investment plan. (news.financializer.com). As reported in the news.

crime rate: The bellwether state was among the so-called Hindi heartlands dominated by Narendra Modi's Bharatiya Janata Party BJP in 2014, as it won the first outright majority in parliament in decades, 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. Of the 59 out of 543 constituencies yet to cast their ballots, eight are in the densely populated, deeply impoverished state of Bihar in India's east. You can form your own view. Subscribe now Bihar was once dubbed the lawless state due to its lack of development and high crime rate, and remains the country's poorest state or territory by average income despite the prime minister's promises of jobs and economic growth. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

earnings forecasts: The numbers showed that companies in the S&P SPX, -0.58% that reported negative earnings surprises saw a 3.5% fall, on average, over the four-day period, according to Market Watch. That compares with a five-year average of a 2.5% fall over the window, said John Butters, senior earnings analyst at Fact Set, in a Friday note. Fact Set measured share price reaction over a four-day period beginning two days before a company reported results through the two days after. Companies that topped earnings forecasts for the first quarter saw a 0.7% price rise over the four-day window, compared with the 1% gain seen on average over the past five years. He noted that 80% of S&P 500 companies have issued negative guidance for the second quarter, compared with the five-year average of 70%. When it comes to revisions of earnings estimates by industry analysts, the 1% aggregate decline in estimated earnings over the first month of the second quarter was smaller than the 5-year -1.7% 10-year -1.5% and 15-year -1.8% average for the first month of a quarter. Fact Set Caption outside of wrapper for normal article images Given this market reaction, it is interesting to note that companies and analysts have sent mixed signals to date on earnings expectations for the second quarter, Butters said. (news.financializer.com). As reported in the news.

editorial china: The U.S. argument about the forced transfer of technology' can be described as being fabricated from thin air, it said, according to The Japan Times. The United States had not yet been able to provide any evidence to back up the claims, the editorial said. China announced this week it would retaliate against a move by Washington to raise tariffs on 200 billion of Chinese imports amid complaints Beijing had done little to resolve U.S. concerns about the theft of intellectual property and the forced transfer of technology to Chinese firms. ; The People's Daily said in an editorial China had never forced U.S. firms to hand over technology and the claim was an old-fashioned argument used by some people in the United States to suppress China's development. It said the United States benefited substantially from voluntary technological cooperation, earning 7.96 billion in intellectual property use fees in 2016 alone. The increasingly acrimonious dispute between the world's top two economies has rattled investors and roiled global markets. Washington's fragile nerves were caused by China's own rapidly growing research and development capabilities, the paper said. (news.financializer.com). As reported in the news.

energy mines: Photovoltaic solar energy is the one with the most progress, and there are 65 parks built throughout the country and another 15 are in process that will increase the installed power to 42 megawatts MW Tatiana Amaran Bogachova, general director of the Electricity Department at Cuba's Ministry of Energy and Mines, recently told national television, according to Global Times China. The cost of production and maintenance of a kilowatt hour KWh in a photovoltaic park saves 95 percent concerning the energy generated in a regular thermoelectric plant, she said. With the aim of transforming its energy model by 2024, the Caribbean nation expects to generate 24 percent of its electricity through renewable sources like sugarcane biomass, solar panels, wind farms and small hydroelectric plants. In 2018, the island produced 151,980 megawatt-hours MWh and saved 32,873 tons of diesel, the official said. Meanwhile, Ovel Concepcion, director of renewable sources at the island's Electric Union, said among the main challenges in the sector are installing about 700 MW in solar panel parks until 2030. Currently photovoltaic solar generation contributes 1.15 percent of the country's total consumption and this year it is expected that 52,199 tons of fuel will be saved, she added. (news.financializer.com). As reported in the news.

equity funds: Private equity funds like Soft Bank-owned Fortress Investment Group LLC and Hong Kong-based Odyssey Capital Group are spending billions to tap into the appeal of traditional inns amid a tourism boom that's ramping up ahead of next year's Tokyo Olympics, according to The Japan Times. The big funds are moving in as centuries-old spas, many of them still family-run, struggle to find successors in an aging country where small towns and villages are losing young people. ; Odyssey, along with two other investors, last year purchased its first onsen inn in Japan, a facility with 28 tatami-floored guest rooms near the Sea of Japan called Kagetsu, which means flowering moon. Now some of the world's oldest businesses are attracting big new money. Christopher Aiello, managing director of Odyssey's Japan real estate business, says the firm plans to spend 500 million in the next three years buying about 20 more traditional Japanese inns, known as ryokan. Many of these ryokan are very undervalued after experiencing so much recession and mismanagement, but a lot of them are located in beautiful natural settings. The Japanese hospitality sector has tremendous opportunities for investment, Aiello said in an interview. (news.financializer.com). As reported in the news.

fuels growth: Others say the cost to businesses along Lincoln Way that are expected to lose customers or close during the three months of construction is too high of a price to pay, according to The Independent. There's no doubt the project will be a source of frustration and inconvenient detours and delays for many. Some believe the streetscape effort, billed as a rebirth that will spur economic development, is an unnecessary expense that won't pan out. But as Massillon Museum Executive Director Alexandra Nicholis Coon put it, No pain, no gain. Mayor Kathy Catazaro-Perry believes the city can get there too with a new face that will spark a positive energy that fuels growth. The museum itself underwent a major expansion and renovation and now looks forward to reaping the benefits. (news.financializer.com). As reported in the news.

isn t: Americans dialed back on spending in the first quarter, for one thing, and spring weather hasn't done much to open their wallets and purse strings, according to Market Watch. It's a big deal because consumers account for more than two-thirds of the activity that goes on in the economy. The U.S. economy is in no danger of imminent recession, but it appears to be facing tighter caps on just how fast it can grow. Read Trump tax cuts don't appear to be enough as retail sales slow Government, for its part, isn't doing much to push growth to greater heights after a burst of spending last year. They've cut back on investment and are not hiring workers as fast as they were at the end of 2018. Businesses the third big cog in the U.S. economy also aren't as gung-ho as they were a year earlier. (news.financializer.com). As reported in the news.

keyup listener: Saudi Arabia has a target to achieve 59 GW of renewables by 2030, according to The Independent. The UAE has set a national goal to gain 44% of its energy from renewable sources, mainly solar, by 2050. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && 2 Energy Giants Reshaping The Middle Eastif window.performance window.performance.mark && && Mammoser Oilprice May 18, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && of the Middle East and North Africa MENA which today are powered mostly by fossil fuels, are now implementing far-reaching renewable energy programs. Egypt, Morocco and other countries also have ambitious goals. Two regional companies are leading the way, gradually building the renewable energy framework to power the future. They are quite ambitious, considering that the Gulf countries' share of renewable electricity capacity is less than 1 percent today. (news.financializer.com). As reported in the news.

mining industry: Our appeal to Chinese is to consider investing in Chililabombwe to establish new investments in agriculture, processing and manufacturing industries to help grow the Zambian economy, she said, according to Global Times China. Mulala said there is enough arable land for agriculture projects in the border town which shares a boundary with the Democratic Republic of Congo DRC . Agriculture produce has a readily available yawning market in DRC, she added. Christabel Mulala, Mayor of Chililabombwe town in the Copperbelt Province, said the move will go a long way in helping Zambia diversify its economy from dependence on the mining industry. The civic leader further said the local authority was also interested in partnering with Chinese enterprises in waste management projects. She said the local authority will benefit from Chinese technology on how to manage waste. (news.financializer.com). As reported in the news.

act: Washington recently activated Title III of the Helms-Burton Act to tighten sanctions against Havana, according to Global Times China. The Title III of the Helms-Burton Act allows for lawsuits to be filed in US courts against companies operating on properties the Cuban government seized after the year 1959. The Cuban government will enforce every kind of guarantee within the national legal framework to shelter foreign companies from possible fallout after US application of Title III of the Helms-Burton Act, said Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca at a meeting with foreign businessmen and diplomats. It had been suspended by every US president since 1996. The latest US move was met with wide opposition from the European Union and Canada, whose companies have billions of dollars of investments in Cuba. The Cuban government has reiterated on several occasions that foreign companies have total legal security under the protection of the Law 118 of Foreign Investment which defends mutually advantageous investments. (news.financializer.com). As reported in the news.

chinese agent: Your object is to gain information, and my object is to be paid, he told the Chinese agent in a 5 May 2017 message, according to The Guardian. US defense contractor caught with 16,500 in luggage is charged with spying for China Read more The fluent Mandarin speaker had served in the US army, then as a special agent for the security service of the state department, before becoming a covert case officer for the CIA. Mallory is one of several US officials with high-level security clearances arrested and charged over unsanctioned dealings with Chinese intelligence. Kevin Mallory, 62, was convicted under the Espionage Act for selling classified US defence information to a Chinese intelligence agent for 25,000 during trips to Shanghai in March and April 2017. The former defence intelligence agency official Ron Hansen faces 15 years in prison after pleading guilty in March to charges of attempting to sell classified information to China. And in the most significant case, on 1 May, the former CIA officer Jerry Chun Shing Lee pleaded guilty to spying for China. In April, a former diplomat Candace Marie Claiborne pleaded guilty to lying to investigators about money she received from Chinese intelligence agents in exchange for US documents. (news.financializer.com). As reported in the news.

friday i: I feel more pro-European than the pro-Europeans, Salvini said in Milan on Friday, according to CNN. I would return to the pre Maastricht with more normal fiscal economic rules where we spoke of well-being and full employment.... The rules imposed by Brussels are creating full-on unemployment, Salvini said. Those who want to save Europe are those that are sold as the anti-Europeans. Sex vouchers for migrants The truth behind Europe's fake stories The Maastricht Treaty -- officially known as The Treaty on European Union -- was signed by the 12 member countries of the European Community in the Netherlands in 1992. Unemployment rates across the EU are at an all-time low, according to its statistical analysis body Eurostat, though rates in Italy are higher than in most other major European countries. It created the structure for a single currency, later named the euro, that was be born in 1999. (news.financializer.com). As reported in the news.

home state: In Queensland, where Palmer himself was considered a strong chance at winning a Senate seat, the UAP was well short of the quota, and fell similarly short in other states, according to The Guardian. But many strategists believe Palmer's millions still had an impact in shaping the election result, particularly in his home state of Queensland where the bright yellow advertising was often negative and aimed at the opposition leader, Bill Shorten. Palmer ran candidates in all lower house seats, winning a total of 3.4% of the national vote. Palmer even took credit for the Coalition's election win. Palmer's campaign began last year, when his yellow Make Australia Great billboards began blanketing Sydney and Brisbane. We've saved Australia from a trillion dollars of extra taxes and costs, he told reporters at a function in Townsville. 7NEWS takes credit for a Coalition election win I've saved Australia from an extra trillion dollars of taxes . Live coverage now on Channel7 and streaming at https //t.co/b3nAU1J7dw ausvotes 7NEWS 18, 2019 Labor's foreign affairs spokeswoman, Penny Wong, told the The majority of negative ads about Labor were run by Mr Palmer . It doesn't look like he's going to get a seat himself. (news.financializer.com). As reported in the news.

nations sanctions: However, online records show the restaurant could also be a cover for a company selling high-tech facial recognition software, according to CNN. Two prominent US think tanks say the sales could be a possible violation of United Nations sanctions imposed in 2017, which had intended to clamp down on businesses generating cash to support leader Kim Jong Un's regime. Inside, waitresses meander about serving cold noodles and kimchi to customers. Our understanding is that programmers who are working overseas generate as much as hundreds of thousands of US dollars for the regime every year, so they have a disproportionate capacity to raise funds overseas, said Jason Arterburn, an analyst specializing in North Korea and China at the Center for Advanced Defense Studies, which is better known by its acronym C4ADS. Furthermore, experts warn that North Korean software designers who create and sell these products online could be building hidden back doors for Pyongyang's well-trained hackers to exploit. The UN Panel of Experts on North Korea, the body charged with monitoring sanctions enforcement, did not respond to an email seeking comment. Read More Profits through software North Korea is barred from selling weapons abroad -- though the UN alleges that the country is still attempting to do so -- but it's not clear if high-tech software that isn't used for military purposes is subject to that arms embargo. (news.financializer.com). As reported in the news.

security concerns: But this week the Committee on Foreign Investment in the US CFIUS reached an agreement after an investigation of a different kind of target the popular gay social networking app Grindr, according to The Guardian. Chinese firm seeks to sell Grindr dating app over US security concerns Read more Grindr is based in West Hollywood and has more than 27 million users, including 3.3 million daily users. Conventional strategic areas, like artificial intelligence and cybersecurity, have received the most scrutiny. The Chinese gaming firm Beijing Kunlun Tech Company acquired it over two years, buying a 60% stake in January 2016 and the remaining 40% in January 2018. Many American tech companies from Twitter and Facebook to Tesla and Uber have foreign funders and founders, and Chinese investors have been a major presence in Silicon Valley for years. On its surface, the purchase seemed ordinary enough. (news.financializer.com). As reported in the news.

analysis extras: The money will allow Deliveroo to hire more engineers at its London headquarters and continue to expand globally, 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. Deliveroo secured 575m 450m in funding from several investors including Amazon. You can form your own view. Subscribe now Deliveroo also plans to invest in more of its own purpose-built kitchens, which are hired out to takeaway restaurant brands. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

chinese equities: That is when China's equity markets were thrown into turmoil by the devaluation of the yuan, according to Market Watch. Investors weren't just exiting Chinese equities, however, with total emerging market outflows totaling 13 billion. The past two weeks have seen net outflows for the asset class of 5.32 billion, with exits over the past week at 2.76 billion the largest weekly outflow since July 2015 see chart below the institute said Friday. Institute of International Finance Caption outside of wrapper for normal article images China's CSI 300 index 000300, -2.54% fell 2.2% this week and is off 6.8% so far this month, but has rallied more than 21% in the year to date. The S&P is up 14.6% year to date. The S&P 500 SPX, -0.58% bounced back from a Monday selloff that followed China's retaliation over the U.S. decision last week to raise tariffs on 200 billion of Chinese imports to 25% from 10%, leaving the large-cap benchmark off 0.3% for the week and around 2.4% for the month. (news.financializer.com). As reported in the news.

apple: Technologyread more Toyota says Trump's latest tariff threat shows Japanese... The company's comments Friday come after the White House said U.S. Trade Representative Robert Lighthizer will address the threatened impairment of national security from... Autosread more Apple CEO Tim Cook to the class of 2019 'My generation has... Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday, according to Xinhua China. In his speech, the tech executive focused on the importance of addressing climate change and... Power Playersread more Netflix should take a cue from 'Game of Thrones' and ditch... Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place binge more Amazon is spending billions on internet satellites, self-driving... Amazon's large and flashy investments stand out from those of its tech peers over the past year. Market Insiderread more Uber, Lyft, and Pinterest prove private investors are sucking up... Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money. Technologyread more Why top cybersecurity hackers are paid millions to use their... There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. Trading Nationread moreA tight labor market is holding small businesses back from...CNBC and Survey Monkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more These stocks have 'compelling' stories.CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more Market will rally to all-time highs with help from... Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China. (news.financializer.com). As reported in the news.

chinese imports: Chinese state media indicated little appetite in Beijing to resume negotiations following Trump administration's move to raise tariffs on Chinese imports, suggesting that the economic standoff between the two largest economies in the world may be a painful and a protracted one, according to Market Watch. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.38% slid 98.68 points, or 0.4%, to 25,764 and the S&P 500 index SPX, -0.58% lost 16.79 points, or 0.6%, to 2,859.53. U.S. stocks bounced back from deep losses Friday but still closed lower as trade-related jitters overshadowed strong economic data. The Nasdaq Composite Index COMP, -1.04% declined 81.76 points, or 1%, to 7,816.28. The S&P 500 fell 0.8% on the week while the Nasdaq dropped 1.3%. What drove the market Consumer sentiment rose to a 15-year high of 102.4 in May, well above the 97.1 expected by economists polled by Market Watch and April's reading of 97.2, according to the University of Michigan's consumer sentiment index. The Dow shed 0.7% for the week, bringing its weekly losing streak to four, the longest since May 2016. (news.financializer.com). As reported in the news.