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

ambassador: A former dux of his school and the youngest ambassador ever appointed by Australia he was just 37 when he presented his credentials in Israel Sharma exudes a kind of laidback calm and competence, according to The Guardian. He tells Guardian Australia he is certainly not in a hurry to become a minister. Already a hero for reclaiming the crown jewel of Wentworth for the Liberals after a brief tenure for independent Kerryn Phelps, Sharma has a CV that makes him a likely future minister, perhaps even a prime minister down the track. The first step, he says, is to learn the rules of parliament while also making sure he builds on the 1.8% margin that gave him his seat and the Coalition a clear majority. Dave Sharma But perhaps his constituents will be hoping that Sharma can become influential sooner rather than later. Iran stuck to the letter of the agreement on nuclear weapons, while continuing to develop its rocket program and weapons programs. (news.financializer.com). As reported in the news.

boeing co: Darsana Capital Partners Lp who had been investing in Boeing Co for a number of months, seems to be bullish on the 199.68B market cap company, according to MSNBC. The stock increased 1.24% or 4.35 during the last trading session, reaching 354.9. The institutional investor held 308,500 shares of the aerospace company at the end of 2018Q4, valued at 99.49 million, up from 270,000 at the end of the previous reported quarter. About 5.39M shares traded. It has outperformed by 19.37% the S&P500. The Boeing Company BA has risen 23.74% since May 26, 2018 and is uptrending. (news.financializer.com). As reported in the news.

hldgs: Birch Hill Investment Advisors Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be bullish on the 16.43 billion market cap company, according to MSNBC. The stock increased 0.34% or 0.56 during the last trading session, reaching 166.8. The institutional investor held 72,317 shares of the medical specialities company at the end of 2018Q4, valued at 9.14 million, up from 68,402 at the end of the previous reported quarter. About 606,033 shares traded. It has underperformed by 18.06% the S&P500. Laboratory Corporation of America Holdings LH has declined 13.69% since May 26, 2018 and is downtrending. (news.financializer.com). As reported in the news.

hyperinflation: Today, amid a crushing economic crisis, filling up a tank in Venezuela is still basically free -- but only if you can afford to wait for days in line, according to CNN. Despite wild hyperinflation, Venezuela's government has never increased the price of gasoline. (news.financializer.com). As reported in the news.

oil: Treasury yields are down, oil is under pressure and global economic data has disappointed, according to CNN. Stocks could face a rocky ride if that fear really sets in. Bigger than trade Investor anxiety about trade has quickly morphed into something much bigger renewed worries about global economic growth. When you actually look at some of the major economies outside the United States, many of them have homegrown problems, said Ed Yardeni, president of investment advisory firm Yardeni Research. Escalating tensions between the United States and China clearly pose a problem. It's not all about trade. (news.financializer.com). As reported in the news.

budapest airport: The framework for future development, cooperation and exchange of information was laid down in the agreement signed by Budapest Airport and HNCA in the presence of Tamas Menczer, state secretary from the Hungarian Ministry of Foreign Affairs and Trade, according to Global Times China. Budapest Airport offers the ideal location for transporting goods between Europe and Asia, Lammers said. The cooperation agreement signed with the HNCA is the next big step in intensifying cooperation with our Chinese partners and making Budapest Airport the leading cargo hub in Central Eastern Europe, Jost Lammers, CEO of Budapest Airport, said after the signing ceremony, quoted by the statement. He also said Budapest Airport has invested 46 million euros 51.5 million US dollars into the construction of the new BUD Cargo City, with 21,000 square meters of warehouse and office space, an 11,000-square-meter forwarder building and a 32,000-square-meter cargo apron that allows the simultaneous handling of two Boeing B747-8F cargo aircraft. Since then, a cargo flight operated twice a week with a 100-ton capacity Boeing 747 connecting the capital city of Henan Province Zhengzhou, and Hungary. The agreement has been signed in the frame of a Chinese-Hungarian seminar, focusing on the development of economic cooperation in the field of air cargo, within the framework of the BRI. Direct links were laid down in April 2019, when the first flight between Zhengzhou and Budapest was launched by Luxembourg's Cargolux cargo airline, according to Budapest Airport. (news.financializer.com). As reported in the news.

emperor naruhito: We will work to bridge the gap, Motegi told reporters after the talks, according to The Japan Times. It is unlikely any trade deal will be reached at the upcoming summit between Abe and Trump scheduled for Monday. In fact, no breakthrough was expected from the latest round of negotiations between Motegi, minister for economic and fiscal policy, and U.S. Trade Representative Robert Lighthizer, as the countries remain at odds over tariffs on agricultural and industrial products. ; So far, Japan and the U.S. haven't gained common ground. The trade talks began hours after Trump's arrival in the Japanese capital for a four-day state visit that will make him the first foreign leader to meet with Emperor Naruhito, who ascended the Chrysanthemum Throne on May 1. This is a symbol of my desire to revitalize the Rust Belt, said Motegi, who is in charge of dealing with trade issues with the United States, in an apparent gesture of his hope for a deal that will benefit both Japanese and U.S. businesses. At the outset of the talks, Motegi welcomed Lighthizer to his office and showed off an American football jersey from the Pittsburgh Steelers. (news.financializer.com). As reported in the news.

estimate holzhauer: His fast-moving style of play has flabbergasted competitors and upended the normally reserved format of the game, according to Market Watch. Holzhauer just roared back after a two-week break in the show, extending his run to 26 games and nearly 2 million. James Holzhauer, a previously obscure sports gambler, is making national news and captivating millions by running the board on the long-running quiz show Jeopardy. All-time champ Ken Jennings took home 2.5 million over 74 games before being dethroned in 2004. So what is Holzhauer doing, and how can retirement investors profit from his example The first thing to realize is that Holzhauer knows a lot of obscure facts. By one estimate Holzhauer is on track to beat the Jennings record in well under half as many games. (news.financializer.com). As reported in the news.

japanese economy: However, an increasing number of economists suspect that the latest growth phase, touted by the government as being the longest since the end of World War II, has ended, and that raising the tax from 8 percent to 10 percent would thrust the economy into recession by hurting household and business spending, according to The Japan Times. There is no doubt that the Japanese economy has been in stagnation, said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, adding that the outlook has become uncertain mainly due to weak exports to China. Abe told the Diet on Friday that he would raise the tax as scheduled unless there is an event on a scale similar to the Lehman shock, a reference to one of the triggers of the 2008 global financial crisis. ; The government, meanwhile, stressed that the world's third-largest economy is recovering, defying market expectations that it would stop using the word in its latest monthly report amid weaker production and exports due to China's economic slowdown amid its ongoing trade war with the United States. The conflict between the United States and China, both major trading partners of Japan, is a source of serious concern for the country's business leaders. Kuniharu Nakamura, head of major trading house Sumitomo Corp., said this month that the trade row had affected supply chains, and could eventually hurt Japan. Shigenobu Nagamori, chairman of Nidec Corp., said earlier this year that the maker of electric motors saw extraordinary slides in demand and sales in China late last year. (news.financializer.com). As reported in the news.

percent: Specifically, investment in highways expanded 3.7 percent to reach 521 billion yuan, while that of coastal construction recorded the fastest growth rate of 14.6 percent to 15 billion yuan, according to the ministry, according to Global Times China. The growth rate registered in central regions hit 12.8 percent year on year for the first four months, which was much higher than that of western and eastern China. Total investment in highways and waterways reached 553.3 billion yuan about 80.1 billion US dollars during the January-April period, a year-on-year growth of 4.3 percent, Ministry of Transport MOT said in a report on its website. 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.

humans: Only 12 humans, all male, have ever walked on the moon and they were all American, according to Bettina Incl n, NASA Communications Director, according to Nine News Australia. The last person walked on the Moon in 1972, Incl n told CNN in a statement. To improve your experience update it here News WorldNASA plans to land the first woman on the moon by 2024By CNN12 55pm May 25, is planning on sending the first woman ever and the first man in nearly five decades to the moon by 2024, thanks to an additional increase to the agency's budget by US President Donald Trump. No woman has ever walked on the lunar surface. AAP/NASA Trump announced on Monday that he is adding US 1.6 billion A 2.3 billion to NASA's budget so that we can return to Space in a BIG WAY! Under my Administration, we are restoring NASA to greatness and we are going back to the Moon, then Mars, he tweeted. Astronaut Buzz Aldrin on the moon's surface on June 20, 1969. (news.financializer.com). As reported in the news.

lorber: Lorber David A who had been investing in Marriott Vacations Wrldwde C for a number of months, seems to be bullish on the 4.22B market cap company, according to MSNBC. The stock increased 1.53% or 1.42 during the last trading session, reaching 94.1. The institutional investor held 6,426 shares of the real estate company at the end of 2018Q4, valued at 453,000, up from 1,700 at the end of the previous reported quarter. About 194,589 shares traded. It has underperformed by 33.80% the S&P500. Marriott Vacations Worldwide Corporation VAC has declined 29.43% since May 25, 2018 and is downtrending. (news.financializer.com). As reported in the news.

security threat: He told the group of top business executives there has never been a better time to invest in the United States. ; He said he hopes to address the trade imbalance between the United States and Japan and ensure fairness and reciprocity, according to The Japan Times. Japan has had a substantial edge for many, many years, but that's OK, maybe that's why you like us so much, he said. Trump arrived in Japan on Saturday for a largely ceremonial visit meant to showcase strong ties with Tokyo even as trade tensions loom. Trump and Prime Minister Shinzo Abe share a warm relationship, which the Japanese leader aims to emphasize as Washington considers tariffs on Japanese auto exports that the Trump administration views as a potential national security threat. He made clear during an impromptu news conference Thursday that he was flattered by the invitation. The United States is in the middle of an expensive trade war with China in protest against Beijing's treatment of U.S. companies, and tensions with Japan and the European Union over trade are simmering. (news.financializer.com). As reported in the news.

form: The approval covers babies with the deadliest form of the inherited disease as well as those with types where debilitating symptoms may set in later, according to The Independent. SMA is the leading genetic cause of death in infants. The Food and Drug Administration on Friday approved Zolgensma for children under the age of two with SMA, including those not yet showing symptoms. The disease often leads to paralysis, breathing difficulty and death within months for babies born with the most serious type 1 form. This is potentially a new standard of care for babies with the most serious form of SMA, said Dr Emmanuelle Tiongson, a Los Angeles paediatric neurologist who has provided Zolgensma to patients under an expanded access program. SMA affects about one in every 10,000 live births, with 50% to 70% having type 1. (news.financializer.com). As reported in the news.

tariffs: Wong pledged to stick to the China market, and will invest 300 million to set up a smart manufacturing base in Shenzhen, according to Global Times China. During an interview with CNBC on Thursday, Wong said Legend Group is well-prepared to face the trade tension between the US and China, and the company has the ability to shift its production to places without having the impact of the tariffs. Legend Group CFO Wong Wai Ming recanted his earlier remarks of moving its plants out of China to avert Trump's high tariffs, causing an opinion backlash in China. US President Donald Trump has threatened to add another 25 percent in tariffs on 300 billion worth of Chinese goods, which might influence Chinese electronics. Wong apologized in a statement for his inaccurate expressions in the interview on Thursday, which, according to him, lead to media's and the public's off-the-track interpretations. Wong's response was taken as Legend's option to downsize its production in China market to avoid the US tariff pressure, causing great shock and an opinion backlash in China. (news.financializer.com). As reported in the news.

trade war: Ian Winer, an advisory board member of Drexel Hamilton, believes that the U.S. is severely handicapped in its standoff with China, according to Market Watch. They are an autocracy and we are not. For some investors, it will be a much-needed reprieve, with stocks struggling to find support in a market battered by fears of an intensifying trade war between two economic titans the U.S. and China. They can tell their people whatever they want. They control the media. Our pain is felt real time in the press and our data. (news.financializer.com). As reported in the news.

care: A magic number for retirement saving and investing Here's a way to simplify a critical concept for building financial independence in the face of financial-industry complications. 3, according to Market Watch. An innovative way to be prepared for in-home long-term care It is logical to prefer to receive long-term care at home, but preparing for it can be complicated, and long-term-care insurance may not get the job done. Steps to take as you plan for, and begin, your retirement Kicking off Market Watch's Best New Ideas in Retirement series, Jonathan Burton provides a detailed plan on how to prepare psychologically for life after your career ends. 2. Here's a new way you or a loved one can prepare and pay for long-term care at home. 4. Here's a way to profit on Tesla if the stock pops or sinks to zero. 5. Investing in Tesla with lower risk Tesla's TSLA, -2.49%bonds may be better investments than the shares for those who believe the electric-car maker will survive. (news.financializer.com). As reported in the news.

mercadolibre inc: Dynamo Internacional Gestao De Recursos Ltda who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the 29.22B market cap company, according to MSNBC. The stock increased 2.05% or 11.88 during the last trading session, reaching 592.55. The institutional investor held 519,257 shares of the miscellaneous company at the end of 2018Q4, valued at 148.02 million, up from 436,087 at the end of the previous reported quarter. About 512,636 shares traded. MELI has risen 20.35% since May 25, 2018 and is uptrending. Mercado Libre, Inc. (news.financializer.com). As reported in the news.

law: The neo-Nazi group was based near Hayden Lake, Idaho, starting in the 1970s, and eventually was bankrupted in a lawsuit brought by local activists and the Southern Poverty Law Center, according to The Guardian. Its compound was seized, and supporters dispersed. White nationalism has been on the rise across the U.S., but it has particular resonance along the Idaho-Washington border, where the Aryans espoused hate and violence for years. But a series of incidents in recent weeks show far-right sentiments never really left the conservative region. In 2018, at least nine hate groups operated in the region of Spokane and northern Idaho, including Identity Evropa, Proud Boys, ACT for America and America's Promise Ministries, according to the Southern Poverty Law Center. In the county that is home to Hayden Lake, for instance, Republicans last month passed a measure expressing support for U.S. entry of a prominent Austrian far-right activist who was investigated for ties to the suspected New Zealand mosque gunman. (news.financializer.com). As reported in the news.

pizza prices: It has been part of the listed restaurant group Fulham Shore since 2015 and its chairman, David Page who in the 1990s oversaw the explosive growth of Pizza Express says there is scope to open as many as 120 Franco Mancas as it pushes beyond its London heartland, according to The Guardian. Page says keen pizza prices are key to its successful formula and customers typically spending 10 a head We are 30% to 40% cheaper than other operators, he says. The success story Franco Manca Facebook Twitter Pinterest With popularity can come mediocrity but these Neapolitan-style pizzas still do it for my money.' Photograph Michelle Grant/Rex/Shutterstock How the business is doing With annual sales of more than 40m and 46 restaurants, Franco Manca is on the march across the country as millennials dine out on sourdough pizzas washed down with green cola. Our profit margins are lower but our sales volumes are higher because we have lots of customers. In 2008 he sold to first-time restaurateurs Giuseppe Mascoli, an Italian chef, and Bridget Hugo, an artisan baker who overhauled the menu, introducing the slow-rising sourdough bases that are now its hallmark. For 25 years Francos was a one-off pizzeria run by Franco Casale, plying his trade in London's Brixton market before the hipsters arrived. (news.financializer.com). As reported in the news.

susan ubogu: Lagos, Nigeria In a plush living room of a home in a wealthy suburb of Lagos, three teenagers are huddled around a computer, according to CNN. Kudirat Abiola, 15, Temitayo Asuni, 15 and Susan Ubogu, 16, want to change the law on child marriage in Nigeria and they're deep in discussion, even ignoring calls to break for a hearty Sunday lunch of jollof rice and southern fried chicken. This story is part of As Equals, an ongoing series. More than a third of girls in Nigeria end up in child marriages, and with 22 million married before the age of 18, the nation has among the highest number of child brides in Africa, according to a 2018 UNICEF report. They know it's a tall order to get lawmakers to close the legal loopholes that currently enable men to enter marriages with girls under 18. The girls are checking an online petition they've started. (news.financializer.com). As reported in the news.

zachary b: Analysis by Zachary B. Wolf, CNNUpdated 9 56 AM ET, Sat May 25, 2019 Chat with us in Facebook Messenger, according to MSNBC. Find out what's happening in the world as it unfolds. There's no middle. CNN As Americans gas up for the start of the summer driving season, they'll pay the highest Memorial Day prices at the pump since 2014. Voters in 2020 can choose President Donald Trump, who brags about oil production -- the fact that the United States is now the largest producer of oil on Earth. And they'll have trouble finding any sort of middle lane in the oil wars of American politics. (news.financializer.com). As reported in the news.

brian belski: We would continue to tell clients not to invest in their portfolio with respect to trade fears, rhetoric and innuendo, and instead stick to your process and discipline, Belski said in a recorded presentation to clients Wednesday, according to Market Watch. And if the market gives you an opportunity to buy those stocks that your process and discipline tell you to own longer term, you should be buying more of those. But according to Brian Belski, chief investment strategist at BMO Capital Markets, the nearly 5% decline in the S&P 500 SPX, 0.14% in May has largely been an overreaction, as the evidence so far says that the U.S.-China trade spat has had little effect on the bottom lines of U.S. multinational companies. Belski points out that while the 25 S&P 500 companies with the largest share of sales to China have been punished this month by investors, the recent news hasn't caused analysts of those companies to lower their profit outlooks, or to significantly lower their price targets. Revenue and earnings estimates have not changed at all, Belski added. BMO Capital Markets Caption outside of wrapper for normal article images Analysts have cumulatively cut their price targets for the 25 companies with the largest revenue exposure to China by just 0.5% so far this month, in contrast to the 9.5% decline in the prices of those stocks. (news.financializer.com). As reported in the news.

china-us ties: We want to have a strong partnership with the people of China, said Matt Bevin, governor of Kentucky, when addressing the opening ceremony, according to Global Times China. The longest journey begins with a single step. We need to have a strong partnership with the people of China. Today is an important step, Bevin cited a Chinese proverb. Local-level cooperation between China and the United States is a bright spot in bilateral relations and will become a new driver for bilateral cooperation, he said. Chinese Ambassador to the United States Cui Tiankai held that the future of China-US ties belongs to the people and should be defined by the people of the two countries. (news.financializer.com). As reported in the news.

consumer group: This week, consumer group Which revealed banking customers are losing 674 every minute to fraudsters convincing them to transfer money to them by deception, and the Financial Conduct Authority FCA and Action Fraud warned that the number of foreign exchange and cryptocurrency scams affecting UK residents more than tripled in the last tax year, 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. Fraudsters have been around since humans had assets worth thieving, but the modern banking revolution focused on delivering the quick and easy digital access and management of our money that consumers demand means more of our cash is being stolen, and far faster, than ever before. You can form your own view. Subscribe now We're even being fleeced when we sell our own items or services online, according to transaction management firm Shieldpay, which also reported this week that almost half of those sellers have been defrauded for an average of 2,054 since they began trading this way. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

claim: There was a constant buzz of excitement with crowds behind the announcers and a wait for the victor to claim the spoils in that very room, according to Australian Broadcasting Corporation. ADVERTISEMENT div class ad-sidelink See your ad here /div It reminds us that the ABC is an institution, a piece of our democratic process and much more than a pesky competitor for attention against the Murdoch news machine. Once upon a time, the ABC coverage of a federal election was held in the tally room, the front end of the counting area run by the Australian Electoral Commission. On Saturday night, the ABC had 30.6% of the audience, reaching 5.3m people between late afternoon and midnight. In the digital realm, the ABC was ahead too, with a unique audience of 2.7m, which climbed to 2.9m on Sunday. Many of them were probably flicking back and forth across channels and dipping into the evening sport, but the number is still impressive. (news.financializer.com). As reported in the news.