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

states: As of June 5th, India will be terminated from its designation as a beneficiary developing country, according to CNN. The move adds one more front to Trump's global trade wars. I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets, President Donald Trump said in a proclamation issued by the White House. It comes as Trump took new aim at Mexico this week with threatened tariffs if the country does not step up its immigration enforcement actions. India will be removed from the preferential trade program, known as the Generalized System of Preferences, which gives developing countries easier access to the US market and lowers US duties on their exports. The President has also promised new levies on China amid an impasse in negotiations over a renewed trade deal, and is considering a ban on foreign auto imports. (news.financializer.com). As reported in the news.

housing: Victoria spends about half the national average per person on social housing, according to The Guardian. There are about 80,000 people on the public housing waiting list, including 25,000 children. But as apartments are put up and rents rise, there is also increased attention on whether the vulnerable are becoming the collateral damage of the city's economic boom. A report last week found homelessness was being increasingly concentrated in Australia's capital cities, including Melbourne, a change driven by rising rents. Even before next year's budget. Courtney Herron death Victoria grapples with mental health and addiction among homeless Read more So it was little wonder when the Victorian treasurer, Tim Pallas, was selling his new budget to social service groups last week that he stressed there was more social housing to come. (news.financializer.com). As reported in the news.

opinion articles: Follow her sam vinograd, according to CNN. The views expressed in this commentary are her own. She served on President Barack Obama's National Security Council from 2009 to 2013 and at the Treasury Department under President George W. Bush. View more opinion articles on CNN. (news.financializer.com). As reported in the news.

september: But we shouldn't valorize the corporate media as our last line of defense against Trump or anything else, according to MSNBC. New York Times newsroom, September 1942. Get a discounted subscription today!06.02.2019 United Won't Save UsByRyan Smith Newspapers are a key part of a healthy press that is vital to any democratic society. Library of Congress Our new issue, on the housing crisis and capitalism, is coming soon. Abolish the Billionaire Class Luke SavageA Plan to Win Socialism In America Peter Gowan Wielding the Imperial Presidency Meagan Day Ilhan Omar Is Not Antisemitic Seth Ackerman These days, everyone not named Donald Trump adores newspapers. Get a discounted subscription today. (news.financializer.com). As reported in the news.

trading session: Salzman & Company who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the 186.09B market cap company, according to MSNBC. The stock decreased 1.77% or 0.74 during the last trading session, reaching 41. The hedge fund held 476,441 shares of the television services company at the end of 2018Q4, valued at 16.22 million, down from 798,391 at the end of the previous reported quarter. About 17.97M shares traded or 5.77% up from the average. It has outperformed by 1.62% the S&P500. Comcast Corporation CMCSA has risen 5.99% since June 2, 2018 and is uptrending. (news.financializer.com). As reported in the news.

article images: In any case, major assets are reflecting deepening concerns about the durability of bull run for stocks, which will mark its 10th year in about a month, according to Market Watch. Here is how the market is setting up Nasdaq nears correction territory Caption outside of wrapper for normal article images The Nasdaq Composite Index COMP, -1.51% stands down 7.6% from its record on May 3. Blame it on trade-war fears, at least partly sparked by a May 5 tweet from President Donald Trump, or peg it to worries that the global economy is facing a pronounced slowdown. Most market participants view a decline of at least 10% from a recent high as representing a correction. The index closed at 2,783.02 on Wednesday. S&P 500 threatens to fall below 200 day Caption outside of wrapper for normal article images The S&P 500 SPX, -1.32% is trading near its 200-day moving average, at 2,776.04, in afternoon trade. (news.financializer.com). As reported in the news.

canadian economy: Meanwhile, Statistics Canada said Friday morning that the Canadian economy grew slower than expected in the first quarter despite signs of a strong recovery in March, according to Global Times China. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index fell 51.75 points, or 0.32 percent, to close the week at 16,037.49 points. Trump's threat also spelled the potential for chaos for the US Congress approval of USMCA United States-Mexico-Canada Agreement trade deal, which was negotiated as a replacement to NAFTA North American Free Trade Agreement between the United States, Mexico and Canada. On the market, a total of 97 issues rose while 141 fell. Eight of the index's 11 major sectors were lower due to fall for both the heavyweight financial and energy sectors. There were four new highs and 17 new lows, with total volume of 224.2 million shares. (news.financializer.com). As reported in the news.

china: We will continue to promote mutual trust, focus on key areas, increase investment and move bilateral pragmatic cooperation forward, Huang said, according to Global Times China. China and Germany have broad prospects in artificial intelligence cooperation, which will profoundly affect education, health and robots sectors, to name just a few, said Zhang Jianwei, head of Technical Aspects of Multimodal Systems Institute at the University of Hamburg. China and Germany have set a precedent worldwide by setting up an S&T cooperation mechanism between big countries, which has so far created abundant outcomes, said Huang Wei, deputy head of China's Ministry of Science and Technology . Over 700 intergovernmental research and development programs, couples of joint labs and research centers, among others, have been supported since the mechanism was established in 1978. I find my previous teamwork with Chinese colleagues in neuroscience study very successful, said Tobias Kalenscher, professor of Institute of Experimental Psychology at the University of Dusseldorf. I'm looking forward to expanding our cooperation in the future. They become increasingly international and involved in academic exchanges. (news.financializer.com). As reported in the news.

climate change: Most tellingly, this demographic, the group that doesn't remember a time before the internet, social media and, amongst other things, catastrophic climate change, is also regularly known as the change generation, according to The Independent. And that change comfortably includes the shape of their future wealth. Born in the 1990s and 2000s, though consensus on dates is scarce, these are the post-millennials, the iGeneration. They grew up during the latest recession. Despite facing the prospect of crippling student debt, a cliff-face-like property market, high household costs and an uncertain economy or, more likely, because of those things the latest studies show these teens and early twentysomethings are already debunking the myth that the younger you are the less responsible you are with money. They learnt about the world of money as we grappled with a global financial crisis. (news.financializer.com). As reported in the news.

cryptocurrency: Concerns are growing that cryptocurrencies will be used to fund terrorist organizations and other criminal acts by exploiting their anonymity, according to The Japan Times. A U.N. panel of experts said in March that cryptocurrency has given North Korea a new way to evade sanctions since they are harder to trace, can be laundered many times and are independent from government regulation. The G20 finance ministers and central bank governors are set to urge the Financial Action Task Force FATF an international body, to devise new measures to prevent the malicious use of cryptocurrency and other advanced technologies when they gather in the city of Fukuoka for a two-day meeting from June 8, the sources said. ; The chiefs are also expected to formally agree on strengthening regulations on cryptocurrency exchange operators such as requiring government registration. It said Pyongyang successfully launched attacks on cryptocurrency exchanges in Asia, including Japan, at least five times between January 2017 and last September, leading to a total loss of 571 million. In Japan, registration is already mandatory for cryptocurrency exchanges due to a revision of the Payment Services Act that came into effect in April 2017. The FATF, an international standard-setting body that promotes steps to combat money laundering and terrorist financing, has been pushing for strengthened monitoring of cryptocurrency exchanges and the verification of customer identities. (news.financializer.com). As reported in the news.

early-stage growth: Analysts cut their price objective to C 54, down from C 93, according to Market Watch. However, analysts are bullish about the company's prospects in China. Bank of America analysts expressed concern that the company's direct-to-consumer momentum for its cold-weather outerwear and accessories is slowing, suggesting that there is a risk of saturation. We believe the main risk to our neutral rating is that Canada Goose's China expansion continues to exceed expectations, wrote analysts led by Robert Ohmes. Susquehanna Financial Group analysts suggest investors buy the weakness. China is the world's largest luxury market and Canada Goose is in early-stage growth with two stores Beijing and Hong Kong and e-commerce operations on TMall opened in fiscal third quarter 2019 with three additional store openings planned for fiscal 2020 . Read Abercrombie & Fitch's store closure plan means near-term pain for long-term gain Canada Goose GOOS, -5.05% reported fourth-quarter sales that fell below expectations, sending the stock into a nose dive. (news.financializer.com). As reported in the news.

heathrow airport: This is not about targeting the public, but holding the Government to their duty to take leadership on the climate and ecological emergency, the group said, according to The Japan Times. Heathrow Airport said the use of drones would be a reckless action. The internal proposal, seen by Reuters, emerged against a backdrop of renewed campaigning by environmental groups who argue that expanding Heathrow would be incompatible with Britain's targets to curb greenhouse gas emissions. ; On June 18, we plan to carry out nonviolent direct action to ensure Heathrow Authorities close the airport for the day, to create a pause' in recognition of the genocidal impact of high carbon activities, such as flying, upon the natural world, Extinction Rebellion said in a statement late on Thursday. We agree with the need to act on climate change, but that requires us to work together constructively not commit serious criminal offenses just as hardworking people prepare to spend a well-earned holiday with their family and friends, an airport spokesman said in a statement on Friday. The British Parliament declared a symbolic climate emergency in response to the protests, raising hopes among campaign groups that the government will cancel the third runway as part of more ambitious climate commitments. The deployment of drones would mark a significant escalation by Extinction Rebellion, which mobilized thousands of people in a peaceful civil disobedience campaign that brought parts of central London to a standstill for 11 days in April. (news.financializer.com). As reported in the news.

synalloy share: This material has been extracted from filings released by the SEC from May 23 through May 29, 2019, according to The Independent. Source Insider Score Activist Holdings Synalloy SYNL Privet Fund disclosed on May 23 its position in the metal and specialty-chemicals manufacturer of 1,2960,070 shares, or 14.5% of the outstanding stock, unchanged from its position as revealed in an April 23 disclosure. Subsequent changes in holdings or intentions must be reported in amended filings. At that time, it proposed to tender 20 for every Synalloy share that it did not already own. Also in the letter, Privet urged Synalloy not to take any action to change its current capitalization before thoroughly reviewing the proposal. Privet has now followed with a letter addressed to the board reaffirming that offer. (news.financializer.com). As reported in the news.

novel application: Jennifer Hillman, a Georgetown Law school trade law professor, questioned Trump's citation of the International Emergency Economic Powers Act IEEPA in his announcement on Thursday night, according to The Japan Times. If you read the text of IEEPA, it's about the president being able to declare a national emergency to be able to stop financial transactions, said Hillman, a former World Trade Organization judge. Financial markets reeled and business leaders on both sides of the border were taken by surprise, prompting discussions of legal action to curtail Republican Trump's use of a law never previously used to impose tariffs. The law has been used by presidents to impose sanctions on countries such as Iran and Sudan, but Trump's proposed novel application of it has never been addressed by the courts, according to legal experts. But is it within the letter of the law Possibly. It's clearly beyond the spirit of the law, said Jessica Levinson, a professor at Loyola Law School. (news.financializer.com). As reported in the news.

summer u.s: Read Stock-market bear who called selloff says S&P 500 near fair value, but beware overshoots' The investor said that by the end of the summer U.S. benchmarks could fall to lower lows than those produced during a withering fourth-quarter selloff that culminated in the ugliest Christmas Eve trading session in history, according to Market Watch. The trade tensions are likely to get a lot worse because we have never in modern times had a trade war like this, Minerd said. The chief investment officer and one of the world's premier bond-fund managers, in a late-Wednesday interview, told Market Watch that the equity market is likely to stage a mini-rebound in the coming sessions but then, watch out. A fall to at least its December low for the S&P 500 SPX, -1.32% would represent a decline of roughly 16% from its current level, for the Dow Jones Industrial Average DJIA, -1.41% a drop to last year's nadir would mark a more than 13% skid, and for the Nasdaq Composite Index COMP, -1.51% a more than 18% tumble based on Thursday's trading levels. Our models signal markets will make new lows in the summer, he said. Source Fact Set data Caption outside of wrapper for normal article images Check out Market Watch's snapshot of the market Minerd said that by the end of next week, if not sooner, the market will find a near-term bottom but then his proprietary trading models indicate that a downturn is more likely than not. (news.financializer.com). As reported in the news.

suu kyi: During the visit, the two leaders are expected to focus on bilateral relations and cooperation, and trade and investment in their talks, according to Global Times China. In October 2015, governments of Myanmar and the Czech Republic signed an agreement on trade and economic cooperation in Nay Pyi Taw, under which investment opportunity and trade cooperation were to be enhanced. The state counselor will pay an official visit to the Czech Republic at the invitation of Czech Prime Minister Andrej Babis on June 2-4. In February 2016 when Czech Foreign Minister Lubomir Zaoralek visited Myanmar, the two countries vowed to cooperate in sectoral investment including energy, mining, tourism, agriculture and food production. As a then opposition leader, Suu Kyi visited both of the European countries in September 2013. Following her official visit to the Czech Republic, Suu Kyi will travel to Hungary for a working visit on June 5-6, the ministry said in a statement. (news.financializer.com). As reported in the news.

trump: Thousands of protesters are expected to throng the streets of the capital to voice their opposition to Trump, with a massive rally planned for Trafalgar Square on Tuesday, 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. And the party's shadow foreign secretary Emily Thornberry has branded Mr Trump a racist and sexual predator as he prepares to meet the Queen and Theresa May on the three-day trip. You can form your own view. Subscribe now Unlike predecessors Barack Obama, Bill Clinton and Ronald Reagan, Mr Trump's state visit will not involve an address to MPs and peers in the Palace of Westminster. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

session: Mawer Investment Management Ltd who had been investing in Oracle Corp for a number of months, seems to be less bullish one the 172.93 billion market cap company, according to MSNBC. The stock decreased 2.17% or 1.12 during the last trading session, reaching 50.6. The institutional investor held 1.83 million shares of the prepackaged software company at the end of 2018Q4, valued at 82.74M, down from 2.14 million at the end of the previous reported quarter. About 11.00M shares traded. It has outperformed by 0.32% the S&P500. Oracle Corporation ORCL has risen 4.69% since June 1, 2018 and is uptrending. (news.financializer.com). As reported in the news.

advisors inc: Cahill Financial Advisors Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the 805.51B market cap company, according to MSNBC. The stock decreased 1.81% or 3.23 during the last trading session, reaching 175.07. The institutional investor held 18,958 shares of the computer manufacturing company at the end of 2018Q4, valued at 2.99 million, down from 20,934 at the end of the previous reported quarter. About 27.04 million shares traded. AAPL has risen 0.49% since June 1, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.

moles: The battle for PM EVIDENTLY CHICKENSHIT. Earlier this week, the Guardian published a story about moles which included the detail Moles eat their body weight in worms every 12 hours, according to The Guardian. And honestly, that would be preferable. I've been trying to ignore a lot of it, because at the moment the news seems to be an endless cycle of shit Tory men in shit shorts jogging along spouting their shit opinions, and yes, I'm aware this sentence is turning into a John Cooper Clarke poem. But let's break it down so far, before Priti Patel enters the race, at which point I will be leaving the country and never returning. Rory Stewart I have some serious thoughts about all of you lusting over Lawrence of Belgravia on social media. At least this would please Patel, bringing netmigration down something she is very keen on, despite being the child of migrants. (news.financializer.com). As reported in the news.

stores: A further 25 UK stores are set to close as Arcadia puts the property holding companies of Miss Selfridge and Evans into administration, according to The Guardian. It is also closing 11 Topshop stores in the US. The deal, which will be subject to a vote on Wednesday, also relies on reaching an agreement with the Pensions Regulator over funding of Arcadia's pension deficit, which is valued at up to 750m. The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it to close at least 23 stores and cut rents by up to 70% on nearly 200 more. The regulator, which has legal powers to force Arcadia and Green to ensure its pension is properly funded, wants a further 50m on top of the 360m over three years that has been put on the table. Pima County's deputy county attorney, Lauren Deakin, said the Arcadia boss had been formally charged with four counts of knowingly touching another person with the intent to injure, insult, or provoke . Green denies the claims. Arcadia's future will be decided as Green faces a new personal battle, after being charged with four counts of misdemeanour assault in the US, after a pilates instructor alleged he repeatedly touched her inappropriately, according to authorities in Arizona. (news.financializer.com). As reported in the news.

tourism-specific plans: The Caribbean Tourism Organization's CTO Tourism Marketing Conference will feature a line-up of some of the most innovative minds who will address ways of Leveraging the Cultural Excitement of the Caribbean so that countries develop tourism-specific plans enveloping the centuries-old history of Caribbean culture and ultimately moving the region to the forefront of this burgeoning market trend, according to MSNBC. Scheduled during Caribbean Week New York, the event will take place on Wednesday, 5 June 2019, 8 30 2 p.m. at Wyndham New Yorker 481 Eighth Avenue . The conference, which targets Caribbean tourism leaders, marketers and practitioners, is organised by the CTO allied members and will be moderated by Colin C. James, CEO of Antigua & Barbuda Tourism Authority. Countries in tune with the trend will amplify its appeal and increase market share and revenue. Presenting the keynote address, John Peters, founder of Mind Mashery, will speak about Culture Tourism and Investment. Maria Atanasov, brand director, MSC Cruises, will discuss the topic Cultural Heritage and its Impact on Tourism Dollars. A panel discussion will follow Peters' keynote presentation and will feature Jason Fitzroy Jeffers, co-executive director, CaFA/Third Horizon, will be speaking about The Magic of Film around the Caribbean. (news.financializer.com). As reported in the news.

co .,: The Japanese firm also said it would receive additional financial assistance from state-backed fund INCJ Ltd, according to The Japan Times. It will sell all of its 27.2 percent stake in JOLED Inc., an affiliate that makes advanced displays, to INCJ. In exchange, the fund will cancel a debt of around 45 billion. The struggling display-maker, which is a supplier to Apple Inc., has been told by the consortium that a formal decision on the financial aid will be reached by June 14. ; The consortium, which includes China's Harvest Tech Investment Management Co. and Taiwanese panel-maker TPK Holding Co., had delayed an investment of up to 80 billion 730 million agreed under a bailout plan, in order to reassess the business prospects of Japan Display. Japan Display will also convert an additional 27 billion in long-term loans from INCJ to preferred shares as part of the assistance. Japan Display was established in 2012 following the merger of the display operations of Sony Corp., Hitachi Ltd. and Toshiba Corp. with support from INCJ. However, the display-maker logged a group net loss for the fifth straight year in fiscal 2018 through March amid intensified competition from Chinese and South Korean rivals. Japan Display said it has also asked Apple for concessions on repayment of part of its debt from the U.S. firm. (news.financializer.com). As reported in the news.

future investment: He noted that 62 percent of the respondents view China as one of the top three destinations for current and future investment, while 56 percent of the respondents plan to increase investment in China, according to the survey, according to Global Times China. Enterprises always choose their investing countries and cooperating partners based on their own interests and market principles, said Lu, adding that China's door of opening-up will always remain open. Spokesperson Lu Kang made the remarks at a news briefing when asked for comment about the survey released by the European Union Chamber of Commerce in China. We always welcome foreign enterprises to invest in China and launch mutually beneficial cooperation, and we are committed to providing foreign investors with a fairer, more transparent, stable and predictable investment environment, Lu said. (news.financializer.com). As reported in the news.

apparel retailer: Energy, technology, and communication-services stocks led Friday's loss, while real estate and utilities weathered the news well, according to The Independent. Retailers continue to show some troubles, with Gap ticker GAP plunging 9% after the apparel retailer's disappointing earnings report and guidance. Stocks fell sharply on the last day of May after President Donald Trump's threat to impose tariffs on imports not from China, but Mexico stands to hurt plenty of American firms in multiple industries. In today's After the Bell, we... watch the stock market's swift reaction to Trump's new tariff threat;examine which industries might see the most impact;and explain why the announcement couldn't come at a worse time. The Dow Jones Industrial Average slumped 354.84 points, or 1.41%, to close at 24,815.04. Power Play President Trump announced late Thursday that he will impose a 5% tariff on imports from Mexico beginning in early June and would multiply the tariff month by month if the country doesn't do anything to curb the flow of people trying to enter the U.S. Stock markets were shaken by the news. (news.financializer.com). As reported in the news.

freight businesses: Revenues jumped 20 per cent to 3.1bn while monthly active users rose to 93 million, according to The Independent. Sales were boosted by Uber's heavy investment in its food delivery and freight businesses. The ride-hailing app has disappointed since its blockbuster flotation this month, losing 10 per cent of its value amid concerns that it is a long way off becoming profitable. 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. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.