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

belmont park: The 4-year-old gelding became the 30th horse at the track to die from injuries sustained during racing or training since the meet began Dec. 26 and was the fourth of Hollendorfer's trainees. if document.avp ready avp zone base 'ads.bloodhorse', type 'banner', zid 473, pid 0, keywords custom2 ; Sunday's card marked the conclusion of the Santa Anita meet, according to The Independent. NYRA's director of communications, Pat McKenna, released the following statement NYRA's equine safety program sets the industry standard and has led to demonstrably safer racing operations at Aqueduct Racetrack, Belmont Park, and Saratoga Race Course. TSG ruled Hollendorfer off all of its tracks after American Currency suffered a fatal injury during a workout on Santa Anita's training track June 22. Since 2013, NYRA has successfully implemented extensive reforms and made significant investments to modernize track surface analysis by upgrading relevant technology, equipment, and facilities while providing veterinarians with the independent authority required to properly monitor Thoroughbred health. NYRA tracks are safer now than at any point in recent memory. These efforts and investments stem from an organizational culture that prioritizes the health and welfare of horse and rider above all else. (news.financializer.com). As reported in the news.

director head: The story is extremely strong in China and it makes it super investable, said Gill, according to Global Times China. China's economic stabilization should drive increased investment there as the country is expected to contribute 33 percent of global economic growth in 2019, and the Chinese bond market is on the verge of becoming the world's second largest one, according to Suni Harford, head of investment with UBS Asset Management. China's regulatory interference in the last 12 months is really going to catalyze the move to create it into a consumer economy, which is actually happening, said Barry Gill, managing director and head of active equities with UBS Asset Management in a recent media roundtable meeting. Active management of investment could fetch double digit yearly returns in some cases from Chinese capital market in the last decade while passive management of investment in Chinese benchmarks could offer about 4 percent of annual return, according to Gill. If they can make structural investments in the safety net on the health care level, education level, tax code and all of these things, it will drive a completely new engine of growth for China, said Gill. Gill added that China still has a huge amount of tools at its disposal to maintain economic growth for some expanded period of time. (news.financializer.com). As reported in the news.

figures show: China's tally is 255 billion. ; The figures underline both the rampant need for infrastructure development in Southeast Asia, as well as Japan's dominance over China, despite President Xi Jinping's push to spend on railways and ports via his signature Belt and Road initiative, according to The Japan Times. The Asian Development Bank has estimated that Southeast Asia's economies will need 210 billion a year in infrastructure investment from 2016 to 2030, just to keep up the momentum in economic growth. Japanese-backed projects in the region's six biggest economies Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam are valued at 367 billion, the figures show. The latest Fitch figures, provided in an emailed response to Bloomberg, count only pending projects those at the stages of planning, feasibility study, tender and currently under construction. Vietnam is by far the biggest focus for Japan's infrastructure involvement, with pending projects worth 209 billion more than half of Japan's total. Fitch data in February 2018 put Japan's investment at 230 billion and China's at 155 billion. (news.financializer.com). As reported in the news.

government concerns: T-Mobile TMUS, -0.21% and Sprint S, -0.44% announced their intent to merge last spring, in a deal valued at 26 billion, though the combination requires clearance from regulators, according to Market Watch. T-Mobile and Sprint have given numerous reasons for their pending marriage, arguing that it would make the U.S. a more formidable player in the 5G era amid U.S. government concerns about the security of China's Huawei Technologies Co. The Department of Justice is expected to approve the telecom deal in the coming days, according to reports, clearing a major hurdle for the carriers and setting the stage for a shake-up of the U.S. wireless industry. Sprint in particular has argued that its network isn't strong enough for the company to survive on its own once 5G becomes the prevailing wireless standard, but T-Mobile expects that Sprint's spectrum will prove useful to its growth plans. Here are five things to know about the pending merger With a few conditions... T-Mobile and Sprint will reportedly have to abide by certain DOJ conditions in order to gain deal approval. Wireless investors are hoping that the two U.S. wireless carriers will have more pricing power in the new industry structure, but it remains to be seen how much leverage a combined T-Mobile and Sprint will have. (news.financializer.com). As reported in the news.

keyup listener: He is the author of numerous tax books and writes frequently about taxes for Forbes, Tax Notes and other publications, according to The Independent. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Prices Could Make Paying Taxes in Bitcoin Even More Attractiveif window.performance window.performance.mark && && By Robert W. Wood Cointelegraph June 23, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && W. Wood is a tax lawyer representing clients worldwide from the offices at Wood LLP in San Francisco. This discussion should not be regarded as legal advice. If you are holding bitcoin or other crypto, you may well not want to sell until the market recovers, when it is down. Bitcoin and other crypto prices have recently been highly volatile. (news.financializer.com). As reported in the news.

accuweather: The expected heatwave is the result of a storm stalling over the Atlantic Ocean and high pressure over central and eastern Europe, which will pull very hot air from Africa northward across Europe, weather site Accuweather said, according to Nine News Australia. Spain has felt the first wave of intense heat over the weekend, and the high temperatures are expected to spread into France, Germany, Belgium, the Czech Republic, Switzerland and Italy. To improve your experience update it here News Wild Weather Parts of Europe to be hit with 'dangerous' heatwave this week By CNN12 33pm Jun 23, will be struck by a potentially dangerous heatwave next week, with temperatures expected to reach close to 40 degrees on Wednesday. A woman refreshes at a fountain in Milan, Italy. French national forecaster Meteo-France warned that the heatwave would begin today, particularly in the east, with temperatures of 35 to 40 degrees Celsius across most of the country. Hot air from Africa is bringing a new heatwave to Europe, prompting health warnings File image AP/AAP The heatwave could last until the start of July, Accuweather predicted. (news.financializer.com). As reported in the news.

anita: Hollendorfer has now been banned from racing, training and stabling his horses at Santa Anita Park and all facilities owned by The Stronach Group, according to CNN. Arcadia, California CNN Trainers are being investigated to see if they played any role in the string of horse deaths at Santa Anita racetrack this year. That horse, American Currency, was trained by Hall of Famer Jerry Hollendorfer. Some 29 horses have died at the California course, and many wonder if the unusually heavy rainfall caused problems on the dirt track this season, though the death toll is lower than in recent years. They are also working with the Los Angeles County District Attorney's Office, which launched an inquiry into whether unlawful conduct or conditions affected the welfare and safety of horses. The California Horse Racing Board CHRB is investigating that and has experts examining the remains of the dead horses for clues. (news.financializer.com). As reported in the news.

climate: He will commit the party to forcing the private sector into investing in the green industrial revolution . He will announce a review of the financial sector's role in the climate crisis, looking at where and how it is causing or exacerbating problems . It will examine measures preventing financial institutions from actively contributing to planetary heating or exposing our economy to financial instability . McDonnell, who has invited Extinction Rebellion, the environmental activist group, to brief his team, will promise to marshal the resources and levers of power available to the Treasury to fund and drive the climate change emergency programme under a Labour government, according to The Guardian. Facebook Twitter Pinterest An Extinction Rebellion protest in Camden, London, in June; McDonnell has invited the group to brief his team. In the latest attempt by Labour to display its green credentials, the shadow chancellor will use a speech in the City on Monday to commit to using the full might of the Treasury to tackle the issue. Photograph Ollie Millington/Getty Images It is the latest sign that Labour is responding to the threat from the Greens, who earned more than two million votes at last month's European elections, just 300,000 votes behind Jeremy Corbyn's party. However, while Labour has upped its rhetoric on green issues, there are still few details of what the party would actually propose to do should it win the next election. They more than doubled their tally of MEPs in the process. (news.financializer.com). As reported in the news.

money: U.S. House Financial Services Committee Chair Maxine Waters promised an aggressive response from Congress, according to The Japan Times. Former European Central Bank Vice President Vitor Constancio called the initiative unreliable and dangerous. It's out of the question that the social-media giant's digital money compete with sovereign currencies, Le Maire said. ; That was just the first shot in a torrent of criticism and skepticism from policymakers around the world. Led by the social network with more users than the combined population of China and the U.S., the project represents a potential challenge that the guardians of money have never faced a global currency they neither control nor manage. It is the beginning of a new financial system where current gatekeepers are substantially less relevant, said Joey Krug, co-chief investment officer at Pantera Capital, founded in 2013 as the first U.S. investment firm focused on bitcoin. And while the megabanks and their regulators face no short-term threat to their command of finance, advocates of cryptocurrency say the future has arrived and that there's no turning back. (news.financializer.com). As reported in the news.

market: A shares will be classified as a secondary emerging market under the FTSE Global Equity Index Series and the inclusion process is scheduled to be completed on March 23, 2020, according to a statement from FTSE. The inclusion in the FTSE Russell is a significant step for the A-share market to gain global recognition and investment, Xu Hongcai, deputy director of the Economic Policy Commission at the China Association of Policy Science, told the Global Times on Sunday, according to Global Times China. For the A-share market, the most direct impact will be a flow of investment since the FTSE Russell index is among the leading equity benchmarks for institutional investors, Xu said. Photo VCG China's A-share market is expected to be included in the index of FTSE Russell, a global index and data provider and a unit of the London Stock Exchange LSE on Monday, marking another milestone in the Chinese equity market's accelerating internationalization. As one of the most credible indexes, it will also guide other investors and encourage more capital in the Chinese A-share market. Although 10 billion is not a hugely significant amount in itself, the inclusion of A shares is a huge step in being recognized internationally, and it is also significant for the opening up of the capital market in China, Xu said. According to a report by yicai, David Schwimmer, CEO of the LSE, estimated that the inclusion of the A-share market into the FTSE Russell index will bring about 10 billion from global investors. (news.financializer.com). As reported in the news.

policies hundreds: With preferential policies and hundreds of billions of dollars to support the campaign, environmental companies that supply equipment, chemicals and other services will see a significant rise in market demand, industry insiders and analysts said, according to Global Times China. This expectation has been reflected in the recent stock rally by environmental companies, which outperformed China's major indexes last week. Photo VCG Chinese companies in the environmental sector are poised to benefit this year as the country steps up implementation of its waste-sorting and recycling campaign, backed by central and local government policies. Many of these companies rose by the daily limit of 10 percent in response to new policies. One day later, the Ministry of Housing and Urban-Rural Develop ment issued a draft plan to implement garbage-sorting in cities across the country. On June 5, the State Council, China's cabinet, approved a draft law for curbing solid waste pollution during an executive meeting. (news.financializer.com). As reported in the news.

signs region: That could place the eurozone's already faltering recovery in peril, since it would lose the support of consumers at home just as it has lost buyers abroad, according to Market Watch. For the European Central Bank, a softening job market might also kill off its already distant hopes of lifting inflation to its target of just below 2%. And for the many young people in southern Europe still without a job, it could blight their lifetime economic prospects. But there are signs the region's job market may be cooling as manufacturers cut back on hiring in response to weaker global demand for their exports. Between the collapse of Lehman Brothers in September 2008 -- when the financial crisis truly went global -- and the eurozone's return to economic growth in the second quarter of 2013, the currency area lost 6.7 million jobs, according to the European Union's statistics agency. And over the subsequent five years, a further eight million jobs were created. By the time the ECB started to offer economic stimulus a little over a year later, in 2014, 2.3 million jobs had been recovered. (news.financializer.com). As reported in the news.

trump administration: As international economics and geopolitics become more explicitly intertwined, Japan has been increasingly visible and active in global affairs, according to The Japan Times. Prime Minister Shinzo Abe's diplomacy in the Middle East and strengthened ties with Russia and India are the most obvious signs of this shift. Experts are evaluating the Trump administration's use of tariffs and sanctions as tools of foreign policy, and multinational corporations, international financial institutions, and even governments are recalibrating to their effect on markets. But perhaps more significantly, Japan's overseas investment has provided an alternative to Chinese development financing. ; Antagonism between the United States and China puts Japan in a unique position. Abe and U.S. President Donald Trump are united in the view that strengthening and deepening the U.S.-Japan alliance will be essential to counter China's maritime, economic and technological influence, but they also agree that a creative and comprehensive approach is required to offset China's growing prowess in these areas. In the Japan-U.S. trade talks, to begin in full after Japan's Upper House election in July, American negotiators will likely raise the need to change Japan's global investment strategy in order to meet the growing challenge from China. (news.financializer.com). As reported in the news.

migbaru kebede: Regional Attorney General Migbaru Kebede sustained heavy injuries and is undergoing medical treatment, the Prime Minister's office said, according to CNN. Meanwhile in the country's capital Addis Ababa, the Army Chief of Staff General Seare Mekonnen and retired Major General Gezai Abera were killed at Seare's home by his bodyguard, the statement said. The incident began on Saturday evening in Bahir Dar, the capital of Amhara, where the region's President Ambachew Mekonnen and Amhara Regional Government Office Advisor Ezez Wassie were killed from gunshots. Army Chief of Staff General Seare was coordinating a response to the attack in Amhara when he was killed, the Prime Minister's press secretary Billene Seyoum told CNN Sunday. Tsige has been serving as the regional government's Peace and Security Bureau head after being given amnesty and released from prison last year. Read More Abiy blamed the attempted coup on a Brigadier General named Asaminew Tsige and others. (news.financializer.com). As reported in the news.

leaders: And based on U.S. intelligence reports, W Bush already would have invaded the wrong country, according to MSNBC. Current Democrat Party leaders like AOC have a different response to this aggression. The warmongering neocon faction of the GOP, thankfully no longer in the White House, and Obama's passive/aggressive team, might have had us at war by now. The new progressive Dems are wondering Why all this talk about the Straits of Hormuz They would only retaliate if the gays of Hormuz were attacked. America would have better results appealing to the International House of Pancakes. Trump has employed a diplomatic response, and he doesn't bother asking the anti-American United Nations to help. (news.financializer.com). As reported in the news.

parallels: That was the story of the 1930s and, the way things are shaping up, it could easily be the story of the 2020s as well, according to The Guardian. Consider the historical parallels. Tariffs used as a protectionist weapon followed by attempts to secure a competitive advantage by exchange rate manipulation. In 1930, the US Congress passed the Smoot-Hawley Act, which raised tariffs on imported goods. Sterling quickly lost 25% of its value against the US dollar, making British exports cheaper on world markets. The next year, Britain became the first major country to come off the gold standard. (news.financializer.com). As reported in the news.

story: And they're ranked -- so the No. 1 story is the most important of the coming week, according to CNN. This week, all the storylines are debate-focused as we are just 3 days away from the first debates of the 2020 campaign on Wednesday and Thursday in Miami. Every Sunday, I will deliver to your inbox the 5 BIG storylines you need to know to understand the upcoming week on the campaign trail. (news.financializer.com). As reported in the news.

train business: The Sunday Times Network Rail has ordered its bosses and staff to fly around Britain for some journeys - because it is cheaper than taking the train, according to The Guardian. Business and economics Mail on Sunday Dave Dyson, the boss of mobile operator Three, has warned that banning Huawei from the UK could force telecoms firms to merge with rivals to cut costs. The Sunday Telegraph Global stock markets will record their best first half performance in more than two decades on growing expectations that central banks will start cutting interest rates. Mail on Sunday German car giant BMW has declared it remains committed' to the UK in a boost for the embattled automotive industry. The Sunday Telegraph Hedge fund manager Crispin Odey has ramped up his bet against WeBuy AnyCar owner BCA Marketplace, despite a 1.9 billion private equity buy-out bid. The Sunday Times Greene King's dividend will come into focus this week under news boss Nick Mackenzie, who is expected to introduce competitive socialising' in the pub group's Hungry Horse brands. (news.financializer.com). As reported in the news.

blockbuster success: The other drug is a daily pill. ; The upside of the new drug is that you only use it when you need it, said Dr, according to The Japan Times. Julia Johnson, a reproductive specialist at UMass Memorial Medical Center who was not involved in its development. The medication, approved Friday by the Food and Drug Administration, is only the second approved to increase sexual desire in women, a market that drugmakers have been trying to cultivate since the blockbuster success of Viagra for men in the late 1990s. The downside is that it's a shot and some people are very squeamish. The company declined to release price information. The drug's developer, Amag Pharmaceuticals, could also face some of the same hurdles that have plagued the lone pill previously approved for the condition, including unpleasant side effects and limited insurance coverage. (news.financializer.com). As reported in the news.

decline london: The industry is suffering inexorable decline, according to The Independent. London, the capital city, hub of the nation's economy, and political and cultural life, is not immune. Substantial areas of the population now have no form of local paper at all. The Evening Standard was on the cusp of closure under its former owners, and rescued by Evgeny Lebedev. Life for the paper, though, remained a struggle. Then, when sales continued to be eroded by the internet, London's only evening newspaper abandoned its traditional paid-for model and went free. (news.financializer.com). As reported in the news.

gdp report: They are contributing 1.3 billion to the U.S. economy or 6.2% of the US GDP the report found, according to The Independent. The survey was conducted by Emergent Research and Rockbridge Associates. Entrepreneurs How to break 1M in revenue in a business staffed only by the owners Share to facebook Share to twitter Share to linkedin Even with employers on an aggressive hunt for talent in the booming job market, many freelancers are sticking with their solo businesses, according to MBO Partners' ninth annual State of Independence Report.MBO Partners, a provider of back office services to independent workers, found that 41.1 million adults across ages, skill sets and income levels are working independently as consultants, freelancers, contractors, and temporary or on-call workers in 2019. They polled 3,985 U.S residents aged 21 and older including 1,046 independent workers in a sample weighted to reflect the country's demographics. The dip largely reflects the return of involuntary independents people forced into freelancing because they lost their jobs back to the 9-to-5. The number of freelancers was slightly down only slightly from last year, when it was 41.8 million. (news.financializer.com). As reported in the news.

dollars: Encouraging entrepreneurship in HK The SAR has made the development of science and technology a priority and proposed various measures to facilitate it, including increasing R&D resources, assembling talents, and providing venture capital, according to Global Times China. In less than two years, the SAR has invested about 100 billion Hong Kong dollars about 12.8 billion U.S. dollars in the implementation of these measures. Hong Kong's educational circles and R&D institutions are actively grasping the opportunity to enhance cooperation with their mainland counterparts, attracting talents to lay a solid foundation for the SAR to become an international sci-tech innovation center. In 2017, it established a fund of two billion HK dollars about 256 million U.S. dollars to work with private venture capital funds in investing start-ups in Hong Kong. And these companies hired 9,548 employees, a year-on-year increase of 51 percent. Official data showed that there were 2,625 startups in Hong Kong in 2018, up 18 percent from the previous year. (news.financializer.com). As reported in the news.

feeling impact: That is an issue as many companies chart out substantial growth rates from the recreational market, according to The Independent. While the ideas for medical use may be insulated from the elasticity of recreational demand, the 200 billion plus market value many analysts are assigning surely expects a pick up in recreational use that is proving difficult to map. However, now eight months on into the new era of liberal marijuana policy in the great white north, sales have actually decelerated and companies like Aurora Cannabis ACB Cronos CRON Tilray TLRY and Canopy Growth CGC are feeling the impact in quarterly reports. While the trend less than one year into legal sales may surprise many investors, the turn in the trend could have been expected by social scientists. Indeed, just the reverse may occur. We confront the paradoxical reality that if lawmakers want less of a certain behavior, they cannot be sure that prohibiting it will achieve the objective, Dwight Filley, senior fellow at the Independence Institute wrote in a 1999 issue of the Independent Review. (news.financializer.com). As reported in the news.

investment commitments: In the past two years, new foreign ventures have been approved with investment commitments of more than 4.5 billion US dollars, and so far in 2019, partnerships have amounted to more than 1.3 billion dollars, Malmierca said, according to Global Times China. In recent weeks, the White House has stepped up sanctions against Cuba, barring cruise ships and recreational vessels from visiting Cuban ports, and restricting travel to the island, which has dealt a blow to the tourism industry. In his opening speech at the Cuba Business Forum, jointly sponsored by the Cuban government, the European Union and the Economic Commission for Latin America and the Caribbean, Malmierca noted investment flows remained vigorous, stressing the importance of foreign investment to modernizing the island's socialist model. In May, the US State Department enacted Title III of the Helms-Burton Act allowing US lawsuits against foreign companies operating in Cuba with assets nationalized or expropriated following the 1959 Revolution, a move that could affect numerous European firms doing business in Cuba. Malmierca reaffirmed Havana's willingness to grant legal guarantees and protections to businesses and foreign investors in Cuba. They intend to suffocate the economy and damage Cubans' standard of living to force political concessions that we will never accept, he said. (news.financializer.com). As reported in the news.

june today: Five years ago, the Gigafactory was merely an expanse of rocks and dirt, CEO Elon Musk bragged to shareholders on June 11, according to Market Watch. Today it is a sprawling three-story red and grey structure the size of a dozen football fields that, when completed, aims to be the world's biggest building. What Tesla TSLA, 1.02% has built in the Nevada desert is impressive. It is crammed top to bottom with automated machines, snaking assembly lines, engineering rooms, and 13,000 busy people working for Tesla and its Japanese partner. Panasonic, occupying 30% of the building, produces the cells, 4,000 of which go into a pan beneath the floor of every Tesla Model 3 electric car. Panasonic 6752, -0.30% . This is where half of the world's electric-vehicle batteries are produced. (news.financializer.com). As reported in the news.

company: Private Wealth Partners Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the 914.60 billion market cap company, according to MSNBC. The stock decreased 0.34% or 0.68 during the last trading session, reaching 198.78. The institutional investor held 176,868 shares of the computer manufacturing company at the end of 2019Q1, valued at 33.60M, up from 174,440 at the end of the previous reported quarter. About 47.80 million shares traded or 65.04% up from the average. AAPL has risen 1.47% since June 22, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.