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

article images: That would be the longest win streak since the six-day stretch ending April 23, which followed a nine-day win streak through April 8, according to Market Watch. What makes the current streak different, though, is that all six of the daily gains were of more than 1%. The last time the stock rose at least 1% for six straight days was the seven-day run ended Aug. 29, 2000. The technology giant's stock AAPL, -0.02% rose 1.2% Tuesday to post a sixth straight gain. Since then, there had been 20 four-session streaks of at least 1% gains. Fact Set, Market Watch Caption outside of wrapper for normal article images And, if history is any guide, Apple investors shouldn't be emboldened by the current win streak. The negative side of the current win streak is that the price remains more than 8.0% below its most recent peak of 211.75, reached on May 3, and 16.1% below its Oct. 3 record close of 232.07. (news.financializer.com). As reported in the news.

data: It marked the biggest gain since last October and compared with economists' median estimate of a 0.8 percent decline in a Reuters poll, according to The Japan Times. In March, orders rose 3.8 percent. The upbeat data may solidify expectations that a planned sales tax hike will go ahead in October and offers some support for an economy hampered by faltering exports, slowing corporate earnings and factory activity. ; Cabinet Office data released Wednesday showed core machinery orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, increased 5.2 percent in April from the previous month. Capital spending has been a bright spot in the world's third-largest economy, driven by investment in high-tech equipment and labor-saving technology to cope with a labor crunch in its aging society, as well as refurbishing demand for upgrading old plants and equipment. Underscoring the pressure on export-reliant Japan, external orders which do not account for core orders tumbled 24.7 percent month-on-month in April, reversing from the prior month's 9.0 percent gain and posting the biggest drop since November 2015. All the same, firms may turn cautious about boosting investment if uncertainty over the global economy and the bruising U.S.-China trade dispute persist, analysts say. (news.financializer.com). As reported in the news.

chinese market: It aims to upgrade its public service vehicle fleet with those powered by clean energy by 2020, according to Global Times China. Photo VCG Tesla, which is betting big on the Chinese market, faces a new but ambitious cash-rich rival from the real estate sector, Evergrande Group, which announced in recent days a 160 billion yuan 23.12 billion investment in Guangzhou, capital of South China's Guangdong Province, to build production bases for electric vehicles. The tropical province issued a plan on Tuesday to boost the development of new-energy cars, vowing to ban the sales of fuel-based cars by 2030. The move, coming from a property developer that is good at deciphering China's policy moves, could intensify pressure on the US automaker, whose plans in China already face strong uncertainty amid an escalation of the trade war. Evergrande aims to invest 160 billion yuan in Guangzhou's Nansha district to set up three major bases for new energy vehicles, according to a statement the Nansha local government sent to the Global Times Wednesday. Some industry insiders say regulators could target Tesla after Ford, if China-US relations collapse. (news.financializer.com). As reported in the news.

co-founder: Also pictured are female executives, Peek CEO Ruzwana Bashir and Sunrun co-CEO Lynn Jurich, however, as pointed out by Buzz Feed reporter Ryan Mac, they were not actually present for the picture - but rather added in after, 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. The photo, posted to Instagram by Italian fashion designer Brunello Cucinelli and taken at his home in Solomeo, Italy, shows a group of entrepreneurs including Linked In co-founder Reid Hoffman, former Twitter CEO Dick Costolo, and Dropbox co-founder and CEO Drew Houston. You can form your own view. Subscribe now According to GQ, which published a story about the meet-up, Cucinelli invited the group, which included Amazon founder Jeff Bezos, to his home in Italy for a symposium on the soul and economy . The goal, according to the designer, was to discuss topics such as harmony with nature, what the entrepreneurs could do to benefit future generations, and what can we donate to humanity whenever we make a profit . Following Mac's confirmation that the female executives were Photoshopped into the photo, GQ removed the picture for not meeting GQ's editorial standards . In response to the Photoshop error, people on social media are criticising the lacklustre effort to portray diversity. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

coalition government: The case was a major test of the current state of libel laws in England and Wales, which were changed by the coalition government following a campaign led by Liberal Democrat peers who wanted to end London's reputation as the libel capital of the world . Bruno Lachaux, a French aerospace engineer, sued multiple news outlets in 2014 after they reported on his lengthy divorce and custody battle with his ex-wife Afsana Lachaux a former UK civil servant who worked with the likes of Gordon Brown and David Blunkett, according to The Independent. The pair were living in the United Arab Emirates when their marriage broke down, prompting a series of legal cases in the Emirati courts, which resulted in Bruno Lachaux having custody of their child. However, the judgment was welcomed by free-speech campaign groups as it established claimants now have to prove serious harm to their reputations in order to bring a successful libel case. Articles then began appearing in British news outlets including the Huffington Post, the Independent and the Evening Standard, alleging Bruno Lachaux had been abusive towards his ex-wife, had confiscated their son's passport to stop him leaving the UAE, and had made false claims of child abduction. Last year, the Huffington Post apologised and agreed to pay substantial damages and costs, but the Independent and the Evening Standard decided to take their appeal all the way to the supreme court. He strongly denied the allegation and successfully sued the news outlets for defamation in the English courts, with judges finding in his favour on multiple occasions. (news.financializer.com). As reported in the news.

hardware production: Google is moving more hardware production out of China including some production of Nest thermostats and server hardware, a move to reduce the impact of rising US tariffs while facing a more unfriendly attitude by the Chinese government amid the trade war, Bloomberg reported on Wednesday, citing unidentified sources, according to Global Times China. Meanwhile, Foxconn, the largest contractor of Apple, said it is prepared to shift production for the iPhone and related products out of China if necessary, the Wall Street Journal reported on Tuesday, citing Young-way Liu, the head of Foxconn's semiconductor business group. Photo VCG Is decoupling of US and Chinese technology supply chains imminent amid the escalating trade war After Foxconn - a major contractor of US technology giant Apple - and Google reportedly moved part of their production lines out of China, industry representatives and analysts said increasingly disrupted supply chains will cause serious damage to US technology companies and warned them not to take the risk. We're always monitoring and assessing our supply chain and determining the operations network that will help us get great products into the hands of our customers, and we'll continue to do so, a Google spokesperson told the Global Times on Wednesday, declining to give further details about the company's supplier list and related information. A supplier who works closely with Foxconn told the Global Times on Wednesday that it is impossible Foxconn will take the risk of leaving China at this crucial moment, which will burn its bridges with Chinese authorities. Foxconn said it follows a strict company policy of not commenting on any matters related to current or potential customers, or any of their products. (news.financializer.com). As reported in the news.

kyrgyzstan: The visits are expected to further promote China's comprehensive strategic partnership with both nations and will help draw new plans for future bilateral relations, according to Global Times China. China has achieved a high-level of political trust with Kyrgyzstan and Tajikistan. This will be Xi's second visit to the two Central Asian nations after his trip to Kyrgyzstan in 2013 and Tajikistan in 2014. In the sphere of economy and trade, China has become an important partner of the two states. Beijing's cooperation with the two nations under the China-proposed Belt and Road Initiative BRI has borne fruit. The second largest economy of the world has become the top trading partner and foreign investment source of Kyrgyzstan; it is also the largest source of investment and third largest trading partner of Tajikistan. (news.financializer.com). As reported in the news.

anglo-american: The divestment plan means the fund will drop coal investments worth an estimated 6bn, which could include shares in the mining companies Anglo-American, Glencore and the German energy firm RWE. The Government Pension Fund Global, which is built on Norway's legacy oil earnings, will also move ahead with plans to scrap investments worth 7bn in oil exploration and production companies, according to The Guardian. It will, however, retain stakes in oil companies which are limiting their exposure to fossil fuels by investing in clean energy technologies. Norway's parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers. These include BP and Shell, but rule out London-listed North Sea companies including Premier Oil and Tullow Oil. Alongside the breakthrough for fossil fuel divestment, the fund will for the first time have a legal mandate to invest directly in renewable energy projects rather than listed energy companies. It will also step back from any company which generates more than 10GW of electricity from coal, or mines more 20m tonnes of thermal coal a year. (news.financializer.com). As reported in the news.

bidding war: The buyer of Salvator Mundi, a painting whose provenance has been questioned, has remained a closely guarded secret since a rarefied bidding war at auction house Christie's two years ago, according to Nine News Australia. According to Artnet, citing two anonymous sources involved in the sale, Salvator Mundi is now on board the gargantuan 810m superyacht of Mohammed bin Salman, the Saudi prince who was allegedly embroiled in the killing of Washington Post journalist Jamal Khashoggi. To improve your experience update it here News World Missing 591m Da Vinci 'whisked on board' Saudi prince's 810m superyacht By Mark Saunokonoko1 12pm Jun 12, Mundi, the controversial Leonardo da Vinci painting not seen since 2017 when it sold for a world-record 591m, has taken another mysterious twist, with the artwork depicting Christ now reportedly hanging in a Saudi Crown Prince's 810m superyacht. Bidding representatives react after Leonardo da Vinci's Salvator Mundi sold for 591m at Christie's AAP The work was whisked away in the middle of the night on MBS's plane and relocated to his yacht, the Artnet report stated. Whispers about the authenticity of Salvator Mundi swirled leading into the Christie's auction and only increased afterwards, following several aborted public unveilings. Bin Salman's 130-metre long yacht, Serene, is currently located near the Egyptian city of Port Said in the Mediterranean. (news.financializer.com). As reported in the news.

brand: Majestic is considering selling all of its outlets as part of a radical shakeup of the business under its chief executive, Rowan Gormley, who is aiming to free up cash to pump into online operations under the fast-growing Naked Wines brand, according to The Guardian. Majestic Wine plc plans to eventually rebrand as Naked although it is unclear if the Majestic brand would be retained if the stores were sold. The move would represent the latest bet on the fortunes of bricks-and-mortar retail from Elliott, after it last week bought the US bookshop chain Barnes & Noble, which will be run alongside Waterstones, the British books chain it bought in April 2018. In April it emerged that Majestic had appointed Rothschild & Co, the investment bank, to work on options for a sale of part of the business, with an update due to be announced on Thursday. Shares in Majestic Wine rose by 9.3% on Wednesday after Sky News reported Elliott's interest, as the winemaker aims for a price tag of as much as 100m for the stores. This year Gormley warned of the likelihood of store closures as part of the plans. (news.financializer.com). As reported in the news.

market tariffs: The Nasdaq Composite Index COMP, 0.57% fell 29.85 points, or 0.4%, to 7,792.72, according to Market Watch. The Dow is on pace for a slight weekly gain of 0.1%, the S&P 500 is on track for a 0.2% rise, and the Nasdaq is looking at a 0.7% weekly climb. How did benchmarks perform The Dow Jones Industrial Average DJIA, 0.39% ended down 43.68 points, or 0.2%, at 26,004.83, marking its first back-to-back loss this month, while the S&P 500 index SPX, 0.41% lost 5.88 points, or 0.2%, to finish at 2,879.84. What drove the market Tariffs remain the focus for Wall Street. My deadline is all up here, he said, pointing to his head. Responding to reporter questions in the Rose Garden on Wednesday President Donald Trump said he didn't have a deadline for imposing additional tariffs on Chinese. (news.financializer.com). As reported in the news.

politics stocks: Read Investors face a conundrum Which market is wrong In our view, it is difficult to see the Fed cutting by as much as markets expect, if at all, if there is a U.S.-China trade deal, and it would be difficult for equities to remain so strong if there is a trade war, the BAML analysts wrote, according to Market Watch. See Why the path for stocks and other markets now depend critically on politics' Stocks have found their footing in June as expectations for Federal Reserve rate cuts have risen, reflecting apparent faith in the central bank's ability to avert a severe economic slowdown or recession. The bond market is too pessimistic, the equities market too optimistic, and the FX market complacent, said Bank of America Merrill Lynch currency strategists Athanasios Vamvakidis and Adarsh Sinha, in a Wednesday note see chart below . Bank of America Merrill Lynch Caption outside of wrapper for normal article images The analysts are homing in on the seeming disconnect reflected by a simultaneous rally in the stock and Treasury markets. The S&P 500 SPX, 0.41% is up 4.8% so far in June, trading less than 3% below an all-time closing high set just before a May pullback. The Dow Jones Industrial Average DJIA, 0.39% is up around 11.6% in the year to date, gunning for its strongest first half since 2013. The index is up roughly 15% in the year-to-date, putting it on pace for its best first half since 1998, according to Dow Jones Market Data. (news.financializer.com). As reported in the news.

percent shareholder: Seven months after Ghosn's arrest on financial misconduct charges which he denies the alliance he forged is on life support, according to The Japan Times. Nissan refused to study a full Renault tie-up proposed by Senard, and wants to weaken its 43.4 percent shareholder's grip. News of the rebuff came as Renault shareholders met on Wednesday to endorse Senard's January appointment to replace Carlos Ghosn, the ousted leader of the Renault-Nissan alliance. ; Senard, whose bid to merge with Fiat Chrysler FCA over Nissan's reservations was scuppered by French Finance Minister Bruno Le Maire, unsuccessfully sought a meeting with Macron to secure his backing, four government and company sources said. Instead, Senard then tabled an FCA-Renault deal proposal developed without Nissan's knowledge. Days later, in a third risky move that caused outrage in Japan, Senard vowed to block governance reforms introduced by Nissan after the Ghosn scandal unless Renault gets more seats on the Japanese firm's powerful new board committees. But FCA Chairman John Elkann withdrew the offer after France, Renault's biggest shareholder, blocked the June 5 board vote and demanded more time to secure Nissan's endorsement. (news.financializer.com). As reported in the news.

points tuesday: It gained 8.38 points the previous day, according to The Japan Times. The market started lower, battered by the drop on Wall Street. The 225-issue Nikkei average dropped 74.56 points, or 0.35 percent, to end at 21,129.72, after advancing 69.86 points Tuesday. ; The Topix index of all first section issues finished down 7.10 points, or 0.45 percent, at 1,554.22. The Nikkei soon recovered to the sunny side, thanks to buybacks, mainly of machinery-related stocks. The index, however, failed to extend gains and moved sluggishly around Tuesday's closing level before slowly slipping deeper into negative territory in afternoon trading. Brokers said that investors bought back such stocks after the Cabinet Office announced Wednesday morning that Japan's seasonally adjusted core machinery orders in April rose 5.2 percent from the previous month. (news.financializer.com). As reported in the news.

rate-setting meeting: We don't generally give advice on interest rates, being content to leave such judgments to the independent experts, according to The Independent. What is of concern to us, and should be of concern to all Americans, is anything that might diminish the Fed's political independence, actual or perceived. Mandel Ngan/AFP/Getty Images By Editorial Board June 12 at 7 39 PMSIGNS OF slowing growth in what is still a generally robust U.S. economy have prompted the Federal Reserve to consider cutting interest rates, possibly as soon as its next rate-setting meeting, which begins June 18. Which brings us to the effect of President Trump's policies on the recent economic outlook, particularly his repeated, unpredictable threats to impose tariffs on various trading partners, most recently Mexico. They do, however, constitute a source of instability and uncertainty that may be chilling or distorting investment decisions, both here and abroad. So far, trade wars do not seem to have affected broad indicators such as inflation or unemployment. (news.financializer.com). As reported in the news.

census: The federal agency did not specify the nature of operational effects, according to MSNBC. Census Bureau personnel alone are privy to the authentic rigors of counting 330 million people. Some 480,000 households across the nation will receive a questionnaire testing the operational effects of including a citizenship question on the 2020 census. Meanwhile, the citizenship question is a complex political and cultural situation. Republicans insist citizenship status would contribute to a more accurate count and realistic picture of the nation. Should the 2020 census ask Are you a U.S. citizen Democratic critics maintain that the inquiry would discourage immigrants from voting; several companies, including Levi Strauss, Uber and Univision, have filed an amicus brief in support of that idea. (news.financializer.com). As reported in the news.

glennmont partners: Peter Dickson, a partner at Glennmont Partners, which manages Europe's largest ever clean energy fund, is among those urging the government to change its stance, according to The Guardian. He said if the UK is serious about climate crisis target policymakers must encourage all forms of renewable power generation. Some of Europe's largest energy investors have urged the government to overturn an effective ban on new onshore wind farms in England, warning that it may be stifling a flood of investment into the UK's clean energy sector. This includes revisiting proposals for developing onshore wind in the UK, he said. Here are some of the actions needed to make that happen Petrol and diesel cars banned from sale ideally by 2030 and 2035 at the latest. Quick guide What zero emissions in 2050 would mean for the UK Show Hide The Committee on Climate Change says cutting greenhouse gas emissions to zero by 2050 is necessary, affordable and desirable. (news.financializer.com). As reported in the news.

health plan: Health Minister Greg Hunt has revealed plans to develop a new preventive health plan while speaking at a conference in Melbourne, according to Nine News Australia. Whether it's drugs and alcohol, whether it's the work in relation to diet, whether it's other elements, we are developing, with you, a long-term national preventive health strategy, he told the event on Wednesday. To improve your experience update it here News National New plan promised for illness prevention By AAP5 22pm Jun 12, with what Australians eat and how they use alcohol and other drugs will form part of a new federal government effort to prevent people from becoming unwell. The commitment comes as more than half of Australians are living with a chronic illness such as arthritis, cancer, respiratory disease, heart disease or diabetes The Australian Institute of Health and Welfare will on Thursday release its latest report on the causes and impacts of disease in the nation. We also have to deal with obesity and poor diet which come together and contribute to issues in relation to blood pressure, in relation to our glucose levels, he said. Mr Hunt says the report will set out the major health risk factors that can be addressed when it comes to alcohol, other drugs and tobacco. (news.financializer.com). As reported in the news.

mueller: VF ;Shep Smith Urges Fox News Viewers to Actually Read the Mueller Report Vanity Smith Urges Fox News Viewers to Actually Read the Mueller Report headline Shep Smith Urges Fox News Viewers to Actually Read the Mueller investigation Shepard Smith fox news robert mueller donald new ;window.cns window.cns ;!function use strict ;var n,t function n,t var i function var n 0;function t n var i t,i for var u n,t var new t,window.cns window.cns ;var window.cns window.cns ; window.cns.page Context investigation Shepard Smith fox news robert mueller donald , according to MSNBC. VF window. (news.financializer.com). As reported in the news.

rashida: By Dylan Matthews dylanmatt/ A 1C 1fkdu Frgh Dw l,06 li f / Jun 12, 2019, 8 40am EDT Share Tweet Share Share Rashida Tlaib wants to give low-income adults 3,000 a year each, no questions asked tweet share Reddit Pocket Flipboard Email Rep, according to MSNBC. Rashida Talib D-MI at an impeachment rally in Washington, DC. Mark Wilson/Getty Images Finding the best ways to do good. Krux function function retrieve e var window.local Storage window.local Storage o ; ; data Layer Primary ID UA-48698701-1 GA ID 18425533 Story Word Count 1061, Entry Matthews Last Time Updated 2019-06-12 11 22 Hour of Update 11 Publish Date 2019-06-12 08 40 Hour of Publish 08 Demand Post no All Chorus Matthews Logged in Status Logged new var concert AdsQueue concert AdsQueue ; CONCERT ADS CONFIG new basic income-like bill, Tlaib wants to give low-income adults 3,000 a year each, no questions tlaib basic income her new bill for guaranteed cash payments explained .river-segment-0 .l-hub-page .river-segment-0 .l-hub-page .river-segment-0 .l-hub-page .river-segment-0 atlanta.curbed, austin.curbed, boston.curbed, chicago.curbed, detroit.curbed, hamptons.curbed, la.curbed, miami.curbed, nola.curbed, ny.curbed, philly.curbed, sf.curbed, seattle.curbed, .l-segment atlanta.curbed, austin.curbed, boston.curbed, chicago.curbed, detroit.curbed, hamptons.curbed, la.curbed, miami.curbed, nola.curbed, ny.curbed, philly.curbed, sf.curbed, seattle.curbed, .c-entry-content u003e p .c-entry-content u003e p p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p p, .l-article .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p p, .l-article .c-entry-content u003e p u003e div first-of-type, .l-article-sidebar u003e .l-col main, .l-main-content u003e u003e div first-of-type, .l-article-sidebar u003e .l-col main, .l-main-content u003e u003e .river-segment-1 .l-col sidebar u003e div last-of-type, .l-hub-page .river-segment-0 .l-col sidebar u003e div last-of-type, .l-group-page .river-segment-0 .l-col sidebar u003e .river-segment-0, .l-group-page .c-compact-river entry, .l-group-page .c-compact-river entry, .l-group-page u003e u003e .c-entry-hero--feature .c-entry-hero content .c-byline, .c-group-header .c-entry-content u003e const date new Date ; const dateISOString date.toISOString ; const dfp Variables const page Data page type article id dfp Variables.entry id '', title dfp Variables.entry title '', description dfp Variables.entry blurb '', authors '' section dfp Variables.entry group '', published At dateISOString, keywords ' ; production ;for var function var JSON.parse g ; permutive.addon 'web', page Data ; Tlaib basic income her new bill for guaranteed cash payments, wants to give low-income adults 3,000 a year each, no questions if lte IE 9 ! endif if gte IE 10 ! endif Skip to main content Log In or Sign Up Log InSign UpRecode Explainers The Highlight Future Perfect The Goods Politics & Policy Culture Science & & & Finance First Person Video Podcasts More Recode Explainers The Highlight Future Perfect The Goods Politics & Policy Culture Science & & & Finance First Person Video Podcasts Rashida Tlaib wants to give low-income adults 3,000 a year each, no questions asked Tlaib's new basic income-like bill, explained. Made possible by The Rockefeller Foundation. Rashida Tlaib D-MI is still in her first six months in office, but she has already unveiled one of the most fascinating bills of the 116th Congress a 3,000-per-adult basic income. Rep. (news.financializer.com). As reported in the news.

apples: Energyread more The price of apples is soaring in China, and Beijing is showing... As the price of apples in China has surged nearly 30%, consumers have cut their purchases of the fruit, according to data from grocery delivery platform Dada-JD Daojia, according to Xinhua China. China Economyread more Trump 'I think I'd take' damaging info on 2020 rival from... They have information. Market Insiderread more Oil jumps more than 3% on reports of tanker incident in the Gulf... Brent crude spiked as high as 4% Thursday morning on reports of tanker explosions in the Gulf of Oman. I think I'd take it. Politicsread moreOPEC oil output falls to 5-year low in May as group warns of weak... Oil production from OPEC fell by 236,000 barrels per day in May to 29.88 million bpd, the lowest level since June 2014. If I thought there was something wrong, I'd go maybe to the FBI, Trump said. (news.financializer.com). As reported in the news.

brexit problems: Meanwhile, Brexit problems escalate, and China-U.S. talks have question marks and traders await Group of 20 talks later this month, he said, according to Market Watch. So gold still looks range bound in the 1,315 to 1,350 area until we see more news. Trade and tariff talks have distorted gold prices, as misunderstood gold reacted to the Trump's administration recent decision to shelve tariffs against Mexico, said George Gero, managing director at RBC Wealth Management. Gold for June delivery on Comex GCM19, 0.26% rose 1.90, or 0.1%, to settle at 1,331.20 an ounce after posting as loss of 1.3% on Monday. I have been looking for this rally to sell and the failure at 1,350 was a gift going into the summer months, Peter Thomas, senior vice president at metals broker Zaner Metals, told Market Watch. Futures prices still trade roughly 1.6% higher month to date. (news.financializer.com). As reported in the news.

business year: While 68 percent of its products are manufactured in China, only 3.8 percent of them, including personal computers and printers, are produced for the U.S. market, he said. ; The company plans to shift production of its computers, produced by its subsidiary Dynabook Inc., from China to Vietnam and Taiwan, Tai said, after the United States unveiled a plan in mid-May to slap tariffs of up to 25 percent on 300 billion worth of Chinese products, including laptops, according to The Japan Times. As some of Sharp's corporate clients may be affected by the U.S. tariffs, the company expects a 1.2 percent fall in group sales for the current business year through next March, according to the chief executive, who was sent from the Taiwanese parent Hon Hai Precision Industry Co. in 2016 to revive the struggling display manufacturer. Sharp CEO and Chairman Tai Jeng-wu said at a news conference the U.S.-China trade dispute would have only a small impact on its operations. Executive Vice President Yoshihisa Ishida also talked about Sharp's business strategy at the news conference, saying the company is looking for new opportunities to expand business-to-business operations. Such moves are already apparent, so we are trying to expand our business by supplying new products to them, Ishida said. Regardless of the trade war between the world's two largest economies, Chinese companies are expected to expand their businesses elsewhere such as in Japan. (news.financializer.com). As reported in the news.

chinese imports: The euro was at 1.1320-1320, up from 1.293-1293, and at 122.94-94, up from 122.71-71. ; The dollar sagged below 108.40 in early trading, carrying over its weakness from foreign trading overnight amid rekindled concerns over a U.S.-China trade conflict following U.S. President Donald Trump's threat of additional tariffs on Chinese imports, according to The Japan Times. The greenback rose to around 108.60 in midmorning trading due to real demand-backed purchases, traders said. At 5 p.m., the dollar stood at 108.60-60, against 108.66-66 at the same time on Monday. The benchmark 225-issue Nikkei stock average's upturn to positive territory on the back of solid performances of U.S. and Chinese equities also supported the dollar's advance, an official of a foreign exchange margin trading service firm said. An official of a bank-affiliated securities firm said that investor sentiment isn't good due to political risks as well as weak U.S. economic indicators. The U.S. currency traded narrowly around 108.60 in afternoon trading. (news.financializer.com). As reported in the news.

chinese imports: It gained 20.55 points the previous day, according to The Japan Times. The market started lower, battered by a stronger yen and uncertainties over the future of the U.S.-China trade friction, fueled by a hawkish statement by U.S. President Donald Trump, brokers said. The 225-issue Nikkei average rose 69.86 points, or 0.33 percent, to end at 21,204.28, after surging 249.71 points on Monday. ; The Topix index of all first-section issues finished up 8.38 points, or 0.54 percent, at 1,561.32. In an interview with CNBC on Monday, Trump warned that the United States will impose tariffs worth 300 billion on Chinese imports if Chinese President Xi Jinping does not agree to a bilateral summit with Trump during a Group of 20 summit in Osaka later this month. While the market turned sluggish in the afternoon amid the dearth of fresh trading incentives, it remained in the plus side for the remainder of the session. The market gradually cut losses and popped into positive territory later in the morning, partly thanks to buying on dips, the yen's downturn and higher Shanghai stocks, brokers said. (news.financializer.com). As reported in the news.

government: Dubai released its smart city initiative in 2016 vowing to transform itself into a world-leading smart city by 2021, according to Global Times China. According to the initiative, Dubai will digitalize 100 percent of government services and share government data with public and private entrepreneurs by 2021, which is estimated to create 6.6 trillion in extra value for the government. Photo Courtesy of Dubai Silicon Oasis Authority Dubai is looking to enhance cooperation with global top tech companies, including those from China, as it looks to build a world-leading smart city. Data from the Financial Times' fDi intelligence shows that among the top 25 cities for AI and robotics investment, Dubai was ranked No. 3, only behind Singapore and Shanghai. H.E. Omar Bin Sultan Al Olama, minister of State for AI of the United Arab Emirates UAE told the Global Times at the AI Everything summit held in Dubai from April 30 to May 2 that they would like to provide various preferential policies, including those related to land, as long as Chinese companies were willing to invest in Dubai. The Dubai authorities' determination to build a smart city has attracted global tech companies to invest in the city, including those from China. (news.financializer.com). As reported in the news.