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

carney: After six years in the top job at the Bank, this will be Carney's last appearance at the City's annual set-piece event, according to The Guardian. Indeed, he probably thinks he has said all he can say on these subjects in the coded language central bankers use. Closer to home, he could document the impact of Brexit and the danger from a Conservative party that insists on pressing ahead with it, even if that means leaving without an agreement. The same would apply to climate change, which he has bemoaned. He is many miles away from his predecessor, Mervyn King, who looked and sounded like a thoughtful academic, but with the advent of a Conservative-led government in 2010 revealed himself to be an energetic campaigner for austerity and, once out of office, for Brexit. After all, openly meddling in the political sphere is not his style. (news.financializer.com). As reported in the news.

al-sharq al-awasat: Iran has vehemently denied any involvement, according to CNN. In an interview with the Saudi-owned Arabic daily Al-Sharq Al-Awasat published Sunday, the crown prince -- also known as MBS -- asserted that Saudi Arabia does not want a war in the region, but stressed that the kingdom will not hesitate in dealing with any threat to its people, sovereignty and vital interests. Washington blames Tehran for the Thursday attacks on the tankers and accuses Iran of engaging in additional aggressive behavior before and after the incidents. With Iran, sometimes the logical explanation is the correct one In reference to Thursday's attack on two oil tankers along the Gulf of Oman, MBS told the Arabic daily that the Iranian regime disrespected Japanese Prime Minister Shinzo Abe while he was a guest in Tehran by answering his efforts with an attack on the two tankers, of which one is Japanese. He also asserted that while he is certain that the kingdom's strategic relations with the US would not be affected by media campaigns or some stances here and there, these campaigns do not serve the common goals of our countries. The Saudi crown prince also added that the kingdom plays an important role in the international community by securing the delivery of oil supplies to safeguard the stability of the international economy. (news.financializer.com). As reported in the news.

companies: Campaign platform CDP has brought together a record number of investors, including banking giants HSBC and Investec, to demand companies reveal data on the environmental cost of how they do business, according to The Guardian. The group said it was targeting 707 companies because of their high environmental impact and lack of transparency to date. The major global companies, with a combined worth ofmore than 15tn, lack transparency over their effect on the environment, according to the intervention by some of the world's biggest financial names. The list includes the world's largest fossil fuel companies such as BP and Exxon Mobil as well as palm oil giant Genting Plantations and UK high street brands including Tesco, Ocado, WH Smith, Marks & Spencer and JD Wetherspoon. More than 7,000 companies already disclose their environmental impact through the CDP platform. Hopes for climate progress falter with coal still king across Asia Read more The CDP said 546 companies were being targeted to disclose information on the climate crisis, 166 on water security and 115 on deforestation. (news.financializer.com). As reported in the news.

country: VF ;Can Elizabeth Warren Win Back Trump Country Vanity Elizabeth Warren Win Back Trump Country headline Can Elizabeth Warren Win Back Trump Country 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 , according to MSNBC. VF window. (news.financializer.com). As reported in the news.

shanghai shenzhen: MSCI inclusion prompts foreign investors to increase their focus on Chinese shares, but China is not the only beneficiary, according to Global Times China. The trend of investing in Chinese stocks is driven by a very simple reason Looking for profits in the A-share market. Since the index compiler announced in 2017 it would include stocks listed in Shanghai and Shenzhen in its global emerging-markets gauge, the A-share market has reportedly seen a capital inflow of 84 billion. Each year, an enormous amount of US dollar-denominated capital crosses borders pursuing profits. The Chinese stock market offers the chance to make profits, with the benchmark Shanghai Composite Index having risen more than 15 percent so far this year. This is the basic reason why the US can remain complacent in its financial hegemony. (news.financializer.com). As reported in the news.

space economy: The deal with CCC will be signed on Monday at the Paris Airshow. ; Bain cited strong international interest in the project given increasing levels of activity in space, and mounting concerns about the dangers posed to satellites by some 600,000 estimated pieces of debris floating in the Earth's orbit, according to The Japan Times. The United States and other governments already collect such data, but demand for near real-time information that is commercially available is growing rapidly, with experts forecasting a new space economy worth over 1 trillion a year. Support from the Canadian Commercial Corporation CCC will allow Canadian start-up North Star Earth and Space to negotiate initial service agreements with the United States, Britain and other countries, North Star CEO Stewart Bain said. This agreement puts us in a strong position to work with the United States, the U.K. and other countries to deliver our services, Bain told Reuters, noting the government of Canada and Quebec had each already invested 13 million to date. North Star's proposed system calls for the 2021 launch of a new constellation of small satellites that will use an array of hyperspectral, infrared and optical sensors to continuously monitor and analyse the Earth's ecosystems and orbit. Private investors in the project include Telesystem Space Inc. of Montreal, the majority shareholder, and the Space Alliance of Europe, which was formed by Telespazio and Thales Alenia Space, a joint partnership formed by France's Thales and Italy's Leonardo. (news.financializer.com). As reported in the news.

spread cereals: The damage is enormous and widely spread cereals, greenhouse and vegetable farms, and vineyards as well, Chardon said, according to The Japan Times. In the neighboring village of Pont-de-L'Isere, Aurelien Esprit showed apricots littering the ground and battered apple trees at his orchards in a Facebook video. Pretty much my entire harvest is ruined, said Gregory Chardon, who grows apricots, peaches and cherries at his farm in La Roche-de-Glun in the Drome department, about an hour's drive south of Lyon. ; Even the netting strung over his fields was no match for the tempest of hail which suddenly struck on Saturday afternoon, strewing the ground with damaged fruit and broken branches. Unfortunately the season ended for us last night. Agriculture Minister Didier Guillaume said the state would declare a natural emergency to trigger insurance payments and other help to farmers facing huge losses. I don't think I'm going to make it this time, he said. (news.financializer.com). As reported in the news.

sign: If you would like to continue to read ... Please sign in or create an account using the button below, according to The Independent. Follow the instructions to create an online subscription. Thank you for reading your allotted free articles on our site. If you are already a print subscriber, an online subscription is FREE. If you need help, please contact our office at 308 382-1000. Sign UpLog InPurchase a Subscription (news.financializer.com). As reported in the news.

trading sunday: The cryptocurrency slipped in the afternoon, and was last around the 9,100 level, according to Market Watch. The digital currency is up more than 22% over the past 30 days, and up 142% year to date. Bitcoin BTCUSD, -1.82% peaked around 9,385 in intraday trading, according to Coindesk. Sunday's intraday prices were the highest for bitcoin since May 2018, though still well off its all-time high above 19,000 in late 2017. FB, 4.24% will launch a new cryptocurrency, backed by a number of major companies, including Visa Inc. Investors have been bullish on bitcoin recently, with optimism stoked by the expected announcement this week that Facebook Inc. (news.financializer.com). As reported in the news.

family: It was completely inappropriate and clearly unprofessional, according to CNN. There is no situation in which this behavior is ever close to acceptable. I, like many others, am sick over what I have seen in the video depicting Phoenix police interacting with a family and young children, Mayor Kate Gallego said in a statement. As a mother myself, seeing these children placed in such a terrifying situation is beyond upsetting. The couple -- Dravon Ames, Iesha Harper and their two children -- have filed a notice of claim against the city for 10 million, which serves as a precursor to a lawsuit. I am deeply sorry for what this family went through, and I apologize to our community. (news.financializer.com). As reported in the news.

nancy: Just 32% express Biden is the Democratic front-runner but he is trump nancy pelosi elizabeth warre bernie sanders joe biden nancy pelosi trump administr donald trump political scand impeachments congress politics washington dc white trump nancy pelosi elizabeth warren bernie sanders joe biden nancy pelosi trump administration donald trump political scandals impeachments congress politics washington dc white Biden is the Democratic front-runner but he is NBC/WSJ poll us us Article title Joe Biden remains the front-runner for Democratic nomination, but his support is vulnerable Harwood tag Name John Trump tag Name Donald Pelosi tag Name Nancy Biden tag Name Joe Pelosi tag Name Nancy Trump tag Name Donald House tag Name White Trump tag Name Donald Pelosi tag Name Nancy Biden tag Name Joe Pelosi tag Name Nancy Trump tag Name Donald House tag Name White US Source tag Name CNBC US us us mpscall NBC/WSJ poll Biden remains the front-runner for Democratic nomination, but his support is vulnerable Poll headline Joe Biden is the Democratic front-runner but he is Banner Box Rail Box Inline Logo Mid Responsive Countdown Clock Sponsor Logo Native Ultra Dense Native Three Up Native Ticker Box US Trump Nancy Pelosi Elizabeth Warren Bernie Sanders Joe Biden Nancy Pelosi Trump administration Donald Trump Political scandals Impeachments Congress Politics Washington DC White US Economy White House Congress News Republicans ;mpscall.path mpscall.path window.location.pathname window.location.search ' ' window.location.search '' ; var mpsopts mpsopts ;var mps mps ;mps. ext mps. ext ;mps. timer Date.now adunit! string return false;var , according to MSNBC. Just 32% express Biden remains the front-runner for Democratic nomination, but his support is vulnerable Trump Nancy Pelosi Elizabeth Warren Bernie Sanders Joe Biden Trump DC White House US Economy US US us economy white house congress us news republicans us economy white house congress us news republicans the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. (news.financializer.com). As reported in the news.

plea bargain: The sentencing comes after she agreed to a plea bargain that ended the years-long saga of just one of the high-profile corruption cases involving the prime minister's family, according to Nine News Australia. The court ruling settled allegations that Sara Netanyahu had misused some US 100,000 in state money on lavish meals. To improve your experience update it here News World Israeli PM's wife sentenced for misusing state funds By Associated Press12 33am Jun 17, 2019Facebook Tweet MailA Jerusalem magistrate court on Sunday sentenced Sara Netanyahu, the wife of Israel's Prime Minister Benjamin Netanyahu, to pay a fine of more than US 15,000 for misusing state funds. A Jerusalem magistrate court on Sunday sentenced Sara Netanyahu, the wife of Israel's Prime Minister Benjamin Netanyahu, to pay a fine of more than US 15,000 for misusing state funds. The settlement saw her admit to a more minor charge of intentionally exploiting the mistake of someone else, specifically by misleading officials who didn't realise she already benefited from chefs on the government payroll. AAP She was indicted on charges of fraud and breach of trust last year after the State Attorney's office accused her of running up large tabs at luxury restaurants while the official residence employed a full-time chef between the years 2010 and 2013. (news.financializer.com). As reported in the news.

pompeo: We have briefed the President a couple of times, we'll continue to keep him updated, according to CNN. We are confident that we can take a set of actions that can restore deterrence which is our mission set, Pompeo said in an interview on CBS Face the Nation. The United States is considering a full range of options. When asked if a military response was included in that set of actions, Pompeo responded, Of course. President Trump has said very clearly, he doesn't want to go to war. The President will consider everything we need to do to make sure, right But what's the President said We don't want Iran to get a nuclear weapon, Pompeo added. (news.financializer.com). As reported in the news.

shareholder investments: While the FTSE 250-listed fund is not directly affected by the suspension, the move at its sister fund caused a sell off in shares and the value of shareholder investments to decline, according to The Guardian. At least three local authority pension funds, including Derbyshire, West Yorkshire and Dyfed in Wales, have investments tied up in Woodford's patient capital fund and risk seeing their investments fall further as the stock price continues to slide. Shares in the Woodford Patient Capital Trust Fund have tumbled 25% to 58p since 3 June, when Woodford made the shock decision to suspend his flagship Equity Income Fund, following a surge in redemptions sparked by bad market bets. Those pensions investments help fund retirement benefits for members including local government employees, councillors, school teachers, charities and housing association staff. It is believed that the local authority's request prompted Woodford to suspend the fund. Concerns over public investments in Woodford's fund first came into focus when Kent County Council was blocked from pulling 263m from his equity income fund at the end of May. (news.financializer.com). As reported in the news.

apple inc: But the consortium, which groups China's Harvest Tech Investment Management Co., Taiwanese panel-maker TPK Holding Co. and a Taiwanese fund, did not give notice by Friday, as had been expected, that it had formally decided on the capital injection, according to The Japan Times. It was not immediately clear which entity decided to back out of the plan. The move deepens uncertainty over whether the maker of smartphone screens and Apple Inc. supplier can be rebuilt. ; The company was awaiting an investment of up to 80 billion 737 million from the Chinese-Taiwanese consortium starting later this month. Japan Display incurred a group net loss for the fifth straight year in fiscal 2018 through March, posting red ink of 109.43 billion on sales of 636.66 billion, down 11.3 percent from a year earlier, because of falling demand from its main client Apple. The manufacturer was established in 2012 following the merger of the display operations of Sony Corp., Hitachi Ltd. and Toshiba Corp. with support from state-backed fund INCJ Ltd. Japan Display has started negotiations to secure alternative investors, according to the sources. (news.financializer.com). As reported in the news.

apple inc: GOOGL, -0.43%GOOG, -0.31% Amazon Inc, according to Market Watch. AMZN, -0.03% Apple Inc. When reports circulated earlier this month that federal regulators were considering a crackdown on Alphabet Inc. AAPL, -0.73% and Facebook Inc. The next day, though, analysts said not to worry, reasoning that any investigations would take years to unfold and leave the companies largely unscathed, and stocks rebounded. FB, 2.18% the tech sector slid. (news.financializer.com). As reported in the news.

investor jitters: The 30-year fixed-rate mortgage averaged 3.82% in the June 13 week, unchanged during the week, Freddie Mac said Thursday, according to Market Watch. Nearly halfway through the year, the popular product has managed a weekly increase only six times. Rates for home loans mostly held steady, and even declined slightly, as investor jitters about a slowing economy and geopolitics continued to keep bonds attractive. It now stands at about a two-year low. Read Housing market sentiment hits a 5-year high a good omen for sales Fixed-rate mortgages follow the path of the 10-year U.S. Treasury note TMUBMUSD10Y, 1.46% which has tumbled as investors grow increasingly concerned about the health of the economy and the potential effects of a long trade war. The 15-year fixed-rate mortgage averaged 3.26%, down from 3.28%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.51%, down 1 basis point. (news.financializer.com). As reported in the news.

company: ISS also urged shareholders to withhold their backing for the election to the board of Stuart Brown, who is the company's chief executive, and David Whittle, who is a former chief executive, according to The Independent. In addition, ISS recommended shareholders reject a long-term incentive scheme for executives, which the advisory group said was excessive . ISS's criticisms also included that the board lacked a nominating committee for directors, which it said was minimum best practice and a majority of the board was not independent. Ahead of a vote at the company's agm on Thursday, shareholder advisory group ISS raised concerns over board independence, and urged investors to withhold backing for Mr Comerford, the company's chairman, and Brett Desmond. At the agm on Thursday, 28.4 per cent of shareholders withheld their support for the re-election of Mr Comerford, who works for Dermot Desmond's Dublin investment vehicle International Investment & Underwriting. However, such a sizeable withholding of support showed many institutional shareholders were attuned to the concerns of ISS. Shareholders Separately, more than 21 per cent of MPD shareholders withheld their support for Brett Desmond, who is perhaps best known in Ireland for being married to former Corrs singer Andrea Corr. He was elected anyway after more than 71 per cent of shareholders supported him. (news.financializer.com). As reported in the news.

european commission: Italy's debt levels last year reached the equivalent of nearly 133-percent of the country's gross domestic product GDP . That is the second highest level in the 28-nation European Union only after Greece and well above the 60-percent limit for members of the euro zone, according to Global Times China. With a budget deficit this year forecast to be at least 2.8 percent of the country's GDP and the economy expected to grow no more than 0.2 percent, debt is forecast to rise to 135 percent of GDP by the end of this year. Commissioner Pierre Moscovici this week said that the European Commission stands ready to take into account any new elements Italy may put forward, but we cannot waste time. In his remarks, Moscovici said that while the commission was willing to be flexible on fiscal rules where there is a justification, that nobody should be in doubts that we will apply the rules if criteria are not fulfilled. Other countries have faced infraction procedures in the past, including Italy, and that is where things stand for Italy at this point, Giampaolo Galli, an economist and vice-director of the Italian Observatory of Public Accounts, a watchdog group, said in an interview. Among the rules could be fines of up to 3.5 billion euros 3.9 billion US dollars . Analysts told Xinhua that if that happens, Italy will become the first European Union member state to be fined for debt levels. (news.financializer.com). As reported in the news.

oil exportsu.s: The strait has become a symbolic flashpoint in the region-wide confrontation and indirect conflict between Iran on one side and the United States and Saudi Arabia on the other, according to The Independent. Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States. Iran has periodically threatened to close the strait to enemy shipping, while the United States and its allies have pledged to keep it open and maintain freedom of navigation, by force if necessary. Oil prices spike as attack on tankers near crucial Gulf passage fan fears of conflict Oil prices are soaring today after U.S. moves to choke off Iran's oil exportsU.S. sanctions on Iran will leave oil markets with thinner safety margins than in the great shocks of 1970 and 2008 The Strait of Hormuz is the world's most important chokepoint for oil, according to the Energy Information Administration EIA the independent statistical and analysis arm of the U.S. Department of Energy. During the Iran-Iraq war 1980-1988 both countries targeted tankers with Iraq attacking vessels loading around Iran's Kharg island in the northern Gulf, and Iran targeting ships further south and in the strait itself. Roughly 30 per cent of all the world's seaborne flow of crude and products passes through the strait each year, so closure could result in a major disruption of global oil supplies. (news.financializer.com). As reported in the news.

percent increase: Meanwhile, its gross billings climbed to 67.4 million dollars for the quarter, representing a 27.4-percent increase as compared to the same period last year, according to Global Times China. Our first quarter results reflect the successful and consistent execution of our strategic initiatives which focus on our flourishing K-12 one-on-one mass-market program in China's lower-tier cities, Huang Jiajia, founder and chief executive officer of 51Talk, said in a statement released by the company on Friday. The company on Friday delivered net revenues of 48.1 million US dollars in the first quarter through March, notching a year-over-year increase of 23 percent. With a solid presence in the largely saturated tier-one cities, we are keenly focused on bringing our programs to China's large and underserved markets in non-tier-one cities, Huang added. The company said first-quarter gross billings from non-tier-one cities, or medium and small-sized cites, accounted for 72.8 percent of its K-12 mass-market one-on-one offerings, compared with 63 percent a year ago. Founded in 2011, the Beijing-headquartered company operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers. (news.financializer.com). As reported in the news.

government payments: The hotel, a favorite gathering spot for foreign diplomats and lobbyists, is at the center of two federal lawsuits claiming Trump is violating the constitution's ban on foreign government payments to the president, according to The Guardian. Another big Ivanka Trump holding, a trust that includes her personal business selling handbags, shoes and accessories, generated at least 1m in revenue in 2018, down from at least 5m the year before. Ivanka Trump's stake in her family's Washington DC hotel down the street from the Oval Office generated 3.95m in revenue in 2018, barely changed from a year earlier. Ivanka Trump announced in July of last year that she planned to close her fashion company to focus on her work as a White House adviser for her father. The disclosures released by the White House and filed with the US Office of Government Ethics shows minimum revenue for the couple of 28m last year. Company part-owned by Jared Kushner got 90m from unknown offshore investors since 2017Read more The disclosure for her husband, Jared Kushner, shows that he took in hundreds of thousands of dollars from his holdings of New York City apartments and that he owns a stake in the real estate investment firm Cadre worth at least 25m. (news.financializer.com). As reported in the news.

john: Then he put National Security Advisor John Bolton in a very high position, according to MSNBC. And John Bolton has been talking about regime change in Iran for a long time, and the president doesn't pay too close of attention on some of these issues. Everybody needs to remember that this president took us out of a long, tedious, negotiated peace deal with Iran to make sure that they did not have nuclear weapons, and then he recklessly got us out of it, Ryan told MSNBC's Alex Witt. What the hell did he think was going to happen, the Ohio congressman added. Secretary of State Mike Pompeo launched provocative allegations against Iran on Thursday, arguing that there was a link between the country and a series of explosions on oil tankers in the Gulf of Oman. Ryan's criticisms came amid increased tensions between U.S. officials and the Islamic Republic, which has been accused of several incidents of maritime sabotage in recent weeks accusations that Tehran has denied. (news.financializer.com). As reported in the news.

raniere: Before resting their case after nearly six weeks of testimony, prosecutors played a video of Raniere, 58, talking about how the age of sexual consent differs in various countries and states, according to Nine News Australia. Most people scream abuse, and a lot of times the screaming of abuse is abuse in itself, Raniere said, facing the camera as he sat at a kitchen table. To improve your experience update it here News World Nxivm trial testimony ends with video of founder discussing child sex abuse By CNN12 47pm Jun 15, 2019Facebook Tweet Mail As testimony in the trial of Nxivm founder Keith Raniere concluded Friday, jurors watched a video of the leader of the cult-like group discussing his views on child sex abuse. Some little children are perfectly happy with it. Raniere is facing charges including racketeering, racketeering conspiracy, human trafficking, sex trafficking and sexual exploitation of a child. Prosecutors did not say when the video was shot. (news.financializer.com). As reported in the news.

school: And while such feats may inspire some adults to dust off their trainers and go for a jog, the lucrative fees, prizes and sponsorship deals that seem to fall at the feet of the elite might play more on the minds of parents and sporty school leavers, according to The Independent. Many sports require a considerable investment to partake in as anything more than a hobby. The Fifa Women's World Cup is well underway, the ICC Cricket World Cup is in full swing and, more importantly, it's school sports day season. The question for those graduates and school leavers who want to pursue a career in sport is can the sport they love ever make them a real income For parents, managing the costs of giving their child a shot at becoming a professional sportsperson can be a significant financial drain. You can form your own view. 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. (news.financializer.com). As reported in the news.

percent year: China saw its total retail sales up 8.1 percent year on year in the first five months of this year to reach 16.1332 trillion yuan about 2.33 trillion US dollars . Online retail sales continued to post robust growth momentum by growing 17.8 percent during the Jan-May period, NBS data showed, according to Global Times China. Consumption is now the biggest driver of the world's largest developing economy, which contributed to over 65 percent of GDP growth in the first quarter of this year. May retail sales expanded 8.6 percent year on year, quickening from an increase of 7.2 percent registered in April, data from the National Bureau of Statistics NBS showed Friday. Friday's data also showed steady employment, with the surveyed urban unemployment rate remaining flat at five percent in May. It's normal to see monthly fluctuations of economic performance, while we have to adopt a more long-term perspective concerning economic growth, said NBS spokesperson Fu Linghui. Growth of industrial output, fixed asset investment and real estate investment dipped last month. (news.financializer.com). As reported in the news.