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

article images: Read The Dow could hit 30,000 faster than you think And, the S&P 500 SPX, -0.95% as of Friday's intraday high, was up 7.7%, putting the broad-market gauge on track to be the sixth best June ever, according to Market Watch. What could possibly go wrong The Odd Stats Twitter TWTR, -2.42% account, in our stat of the day, points to the S&P's action and asks the question Do you really want to join this list Here's what happened the other five times June's been this strong Caption outside of wrapper for normal article images This time it's different Well, in the time-honored tradition of selecting timelines to suit one's narrative, here's a follow-up tweet But, on the other hand, what would happen if SPX manages to close up at least 20% before the end of July In the past, hitting 20% before August has been bullish for the rest of the year as well.7 of the last 9 times it happened, SPX was green from there. The Dow Jones Industrial Average DJIA, -0.67% bolstered by the Fed's return to its easy-money mind-set, is on pace for its best June since 1938. OddStats Odd Stats June 23, 2019 We'll see... for now, those June gains are holding steady. The dollar DXY, 0.08% is dipping and the yield on the 10-year U.S. bond TMUBMUSD10Y, 1.16% is just over 2%. Gold GCQ19, -0.26% is charging ahead once again. The markets The Dow DJIA, -0.67% S&P SPX, -0.95% and Nasdaq COMP, -1.51% are all off to a mostly flat start to the trading week. (news.financializer.com). As reported in the news.

china: In the first five months of this year, China's US dollar-denominated exports to the United Arab Emirates UAE rose by 12.9 percent on a yearly basis, while imports from the UAE rose by 10 percent, customs data showed, according to Global Times China. Overall, China's trade with the UAE rose by 11.9 percent in the period. Some Dubai-based companies are anticipating that the forthcoming Expo 2020 to be held in Dubai will be a chance to boost trade between China and UAE, particularly trade of small commodities. In comparison, China's trade with the US slumped by 14.5 percent year-on-year in the first five months of this year, while trade with Europe rose by 3.9 percent on a yearly basis, customs data showed. The percentage of freight transportation between China and Europe in our total has dropped, while freight between China and emerging markets like the Middle East and Africa has risen significantly. Michael Qu, cargo manager for China at Emirates Sky Cargo, the freight division of Dubai-based airline Emirates, told the Global Times on Monday there's been a change in shipping patterns for his company in the past 10 years. (news.financializer.com). As reported in the news.

market analysts: It has made predicting bitcoin's next move notoriously difficult, though six months of near constant gains have led some market analysts to forecast that its price may still be yet to reach its full potential, 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. In the intervening time, bitcoin s value has swung between highs close to 20,000 and lows south of 4,000, as volatility has come to characterise the cryptocurrency. You can form your own view. Subscribe now The bounce back of bitcoin has been fairly extraordinary, having been at 3,200 not even six months ago, George McDonaugh, CEO of cryptocurrency and blockchain investment firm KR1, told The Independent. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

equities friday: On Friday, the key market gauge fell 204.22 points. ; The Topix index of all first-section issues closed up 1.84 points, or 0.12 percent, at 1,547.74, after losing 14.00 points the previous trading day, according to The Japan Times. The market got off to a weak start following a downturn in U.S. equities Friday caused by the Commerce Department's ban on transactions with a Chinese supercomputer maker and related firms. The 225-issue Nikkei average rose 27.35 points, or 0.13 percent, to close at 21,285.99 on the Tokyo Stock Exchange. Both indexes remained in negative territory for most of the morning session, although they showed some resilience thanks to buying induced by Shanghai stocks' strength and higher U.S. index futures in off-hours trading, brokers said. Wang's comment preceded a meeting between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, expected on the sidelines of the two-day Group of 20 summit in Osaka from Friday. In the afternoon, the market turned buoyant, albeit modestly, amid renewed expectations for progress in the U.S.-China trade negotiations after a media report cited Chinese Vice Commerce Minister Wang Shouwen as saying talks were ongoing and both Washington and Beijing should compromise. (news.financializer.com). As reported in the news.

depreciation write-offs: That means many real estate investors now own properties that are worth way more than their tax basis, according to Market Watch. That's especially likely with a rental property for which you've claimed depreciation deductions over the years. Prices in some areas have surpassed those levels and are still going up. Those depreciation write-offs reduced your tax basis in the property, resulting in a bigger taxable gain if you sell. Why Because simple inaction or arranging for a tax-free Section 1031 exchange, instead of a sale, could be tax-smart strategies. Here's the message If you are a well-seasoned individual who owns real property that would trigger a big taxable gain if sold, please think long and hard about not selling. (news.financializer.com). As reported in the news.

isn t: That is because people in the country have a deep-seated aversion to second-hand homes, according to The Japan Times. Katitas buys old properties where the buildings are often considered worthless, renovates them on the cheap, and sells them to people in rural areas who don't have the means to buy new homes. For one company, this isn't just an ominous demographic signal, it is also a business opportunity. ; Katitas Co. is a house-flipper, deploying a business model that would be humdrum in other countries but in Japan is considered innovative. Its shares have risen more than 60 percent this year as investors bet the model will yield steadily higher profits. People who live in rural areas but can't afford new houses have no choice of quality, affordable housing. There's big potential in this business, Katsutoshi Arai, Katitas' president and chief executive officer, said in an interview. (news.financializer.com). As reported in the news.

muchanga: Cooperation between China and African countries is win-win and it's going to grow and expand at all levels, Albert Muchanga, African Union Commissioner for Trade and Industry, told the Global Times, according to Global Times China. Projects for construction, transportation, trade and others are growing at higher levels, said Muchanga. Photo Xinhua Senior officials from African countries said cooperation with China has brought strong impetus for the African continent's economic resilience, especially those vulnerable to the global challenges of unilateralism. Muchanga is among more than 80 African officials in Beijing for the coordinators' meeting, scheduled from Monday to Tuesday, on the implementation of the Forum on China-Africa Cooperation FOCAC Beijing Summit outcomes. With efforts of several generations of Chinese and African leaders and people of both sides, China-Africa ties have been stronger than ever with remarkable outcomes, Chinese Vice President Wang Qishan said during a group meeting with the heads of African delegations. On Monday, a conference was held between executives of Chinese financial institutions and the African coordinators to discuss how financial support could be improved to further facilitate the implementation of the actions agreed during the Beijing summit in 2018. (news.financializer.com). As reported in the news.

british businesses: McDonnell said the Bank's governor would also join the next Labour chancellor on a sustainable investment board to oversee lending to British businesses with the aim of boosting productivity, according to The Guardian. Speaking to City executives in central London on Monday, McDonnell said Labour planned to conduct a review of City practices and how investments could be directed to promote technologies that cut carbon emissions. John McDonnell, the shadow chancellor, announced proposals for an unprecedented expansion of the central bank's role at the heart of policymaking, with officials at Threadneedle Street supporting the Treasury in checking on progress towards carbon targets. The review would focus on the shadow banking sector, where borrowing and lending takes place beyond the oversight of regulators. He repeated his warning that firms listed on the London Stock Exchange that failed to meet environmental targets risked being denied access to the main equity market, forcing them to become private businesses or list in other jurisdictions. It will report by October as part of Labour's plans for a green industrial revolution . Global financial bodies not fit for purpose, John McDonnell says Read more McDonnell said I am setting up a review group to overview the financial system as it currently relates to the climate emergency, in terms of both where and how it is causing or exacerbating the problem of climate change and where and how it could be providing solutions to problems. (news.financializer.com). As reported in the news.

comparisons: The original cryptocurrency had languished below 6,000 for much of this year and was falling out of the headlines as investors around the world gradually lost interest in the fad for digital assets, according to The Guardian. Some investors had been severely burned by bitcoin when its meteoric rise to almost 20,000 in late 2017 which drew comparisons to the tulip mania of the 17th century was followed by a spectacular collapse last year. Bitcoin has risen in value by almost 2,000 in the week since the US technology firm revealed plans to create a cryptocurrency called Libra, in a move that could radically reshape the financial landscape with far-reaching implications for governments and central banks around the world. Stoking fresh fears of the reinflation of the bubble, bitcoin hit 11,116.65 over the weekend, up from 8,539.81 at the start of June, before dropping back slightly to trade at about 10,800 on Monday afternoon. Craig Erlam, a senior market analyst at the financial trading firm Oanda, said Bitcoin has slowly by its own standards been rising in recent months but the launch of Facebook's Libra has clearly been a catalyst for the recent surge. Analysts said the news of Facebook's work on Libra was the prime driver behind the surge, as traders bet the adoption of cryptocurrency technology by a major global corporation would help legitimise the industry. (news.financializer.com). As reported in the news.

drinking water: Clean air and water America has the cleanest air and water in the world, Pence said when discussing the administration's environmental policies, according to CNN. That's not true, Tapper replied. Here's a look at the facts. Facts First Pence would be correct if he was talking about drinking water specifically. But it's incorrect to categorically assert the US has the cleanest air and water in the world. In that particular area, the US is tied for first among nine other countries. (news.financializer.com). As reported in the news.

fox news: Fox News' Tucker Carlson Tonight will broadcast live from the G-20 Summit in Osaka, Japan from June 24-28, and an exclusive interview with President Trump will air on July 1, according to MSNBC. Excerpts from Carlson's wide-ranging interview with the president will be released in the coming days. All market data delayed 20 1 day ago Tucker Carlson set to interview Trump from G-20 Summit in Japan By Brian Flood Fox Carlson Tonight' broadcasting from Japan for G20 summit As world leaders prepare to meet, Tucker Carlson is live in Japan with exclusive coverage of the G20 summit. The G-20 Summit is expected to be dominated by news about the U.S-China trade war and concerns about the possibility of a military confrontation between the U.S. and Iran both topics that Carlson and Trump are planning to discuss.FOX NEWS DIGITAL CONTINUES TO DOMINATE, TOPS CNN IN SEVERAL KEY METRICS DURING MAYTrump has conducted several high-profile interviews in recent days, including an ABC News special with George Stephanopoulos and an appearance on NBC News' Meet the Press. Tucker Carlson Tonight regularly finished among the top three most-watched cable news programs, helping Fox News' primetime lineup sometimes even beat viewership totals of MSNBC and CNN combined. Trump also spoke to Spanish language network Telemundo last week. (news.financializer.com). As reported in the news.

ground meat: The startup already sells its fake ground meat, burgers and sausages in grocery stores across Britain, according to CNN. Meatless Farm is also in Canada, the United Arab Emirates, Hong Kong and Sweden. Meatless Farm, which is based in Leeds, has signed an exclusive distribution deal with Whole Foods to sell its products at US stores for six months starting this summer, the British company said Monday. The United States is a natural next step, CEO Robert Woodall told CNN Business. America is running out of Impossible Burgers Woodall, a veteran of The Kellogg Company K said the United States is a pioneering market when it comes to plant-based foods, citing the success of Impossible Foods and Beyond Meat BYND . Read More Those brands have seen their fortunes rise in recent months as restaurants and investors scramble to get in on the meatless trend. It's planning to set up an office in New York. (news.financializer.com). As reported in the news.

nomination committee: The vote was held almost a week after Nomura announced several moves to placate investors following the leak and recent losses, including governance changes and a 1.4 billion stock buyback. ; But those reforms particularly tweaks to how it selects its top executives are also likely to weaken the influence of management over who eventually succeeds Nagai, the bank's longest-serving CEO in three decades, according to The Japan Times. By stripping Chairman Nobuyuki Koga of his role as head of the key nomination committee in favor of an external director, Nomura may break from the traditional way that Japanese financial firms choose their leaders when the time comes for Nagai to step down. CEO Koji Nagai was re-appointed at an annual shareholder meeting alongside nine other nominees proposed by the company, Japan's biggest brokerage said in an emailed statement. That could be just what the loss-making brokerage needs to meet its long-term challenges, according to Morningstar Inc. analyst Michael Makdad. It is possible the company would choose a candidate open to a broader range of strategic moves than if it chose a protege of Nagai who might defer to some degree to the opinions of former CEOs. Rather than Nagai or Koga having a large say in who will be the next CEO, Nomura will try to have a selection process that is as independent as possible, Makdad said. (news.financializer.com). As reported in the news.

p spx: The Dow Jones Industrial Average DJIA, -0.67% rose 56.47 points, or 0.2%, to 26,775.60, while the S&P 500 SPX, -0.95% was up 3.69 points, or 0.1%, to 2,954.15, according to Market Watch. The Nasdaq Composite COMP, -1.51% was 14.48 points higher at 8,046.18. Analysts attributed a positive tone to hopes the meeting at the Group of 20 summit in Japan will produce a cease-fire in the U.S.-China trade war. Shares of Caesars Entertainment CZR, 1.05% jumped nearly 15% after the casino operator agreed to a buyout valued at about 8.6 billion buyout by Eldorado Resorts Inc.. Eldorado shares were off 7.3%. See Full Story Dow ekes out gain but fresh Iran sanctions drag broader stock market lower Stock benchmarks lose some altitude Monday afternoon as investors look ahead to a meeting between President Donald Trump and Chinese leader Xi Jinping, while also tracking tensions between the U.S. and Iran. (news.financializer.com). As reported in the news.

sound keynesian: After the 2008 financial crisis and subsequent euro crisis, monetary policy played a key role in stabilizing and reviving the eurozone, according to Global Times China. It took pragmatism, creativity, and political flair on the part of European Central Bank President Mario Draghi to accomplish this feat. The eurozone has now reached this stage. But while monetary policy hasn't quite run out of fuel, it cannot be expected to serve the same role again. This is an urgent problem that cannot be solved by any one country alone; it demands a concerted eurozone response. By contrast, fiscal policy, the other key component of sound Keynesian macroeconomic management, has been underused as a cyclical tool, with the result that eurozone output still is not at its potential level. (news.financializer.com). As reported in the news.

st state: While other US governors in the race, as well as a couple of mayors, duke it out with the top brass of the presidential primary on NBC's prime time, the governor of America's 41st state and his team are left scrounging for attention, according to The Independent. Even so, Mr Bullock says he has no regrets about the flailing polls, or his decision to put off entering the race until so late in the spring a decision the Democrat made in order to help pass a series of legislative priorities in a statehouse controlled overwhelmingly by Republicans. With a polling average just a smidgen above zero, Mr Bullock will be notably absent from the first Democratic debate stage this week in Miami. 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.

venture-backed disruption: The handling of dead bodies doesn't seem ripe for venture-backed disruption, according to The Independent. The gravestone doesn't seem an obvious target for innovation. Who can blame them for the hesitation The death services industry is heavily regulated and fraught with religious and health considerations. But in a forest south of Silicon Valley, a new startup is hoping to change that. It's trying to make a better graveyard. The company is called Better Place Forests. (news.financializer.com). As reported in the news.

mechanised production: Two centuries on, and the northern powerhouse has just turned five, according to The Guardian. Not the north as a powerhouse but George Osborne's 2014 ambition for the north. From the trains that revolutionised transport to the steel that mechanised production to the coal that fed the fires, the north literally powered the first industrial revolution and the wealth it generated. In its birthday assessment, IPPR North concludes that the northern powerhouse has been held back by austerity. Child poverty up and pay lagging since northern powerhouse launch Read more I am a member of the all-party parliamentary group for the northern powerhouse, I have attended its events and will continue to contribute constructively in any way I can. As a northern MP and shadow minister for industrial strategy, my assessment would be more critical austerity was the pre-eminent political ideology of the Cameron-Osborne-Clegg government, regional renaissance was not, and the northern powerhouse proves that. (news.financializer.com). As reported in the news.

power bills: Samantha Corns' family-of-five uses batteries to power their home and said they are basically living off the grid, according to Nine News Australia. The battery, which stores energy generated by her rooftop solar panels, cost her 9,000 after subsidies, and has helped to dramatically slash her power bills. To improve your experience update it here News National New research finds battery storage can save families money By Lucy Hinton8 34pm Jun 24, 2019Facebook Tweet Mail New research from an Adelaide university has found that battery power storage has reached a tipping point where it's worth the investment and can save families money. New research from an Adelaide university has found that battery power storage has reached a tipping point where it's worth the investment and can save you money. 9News We should be absolutely zero, in credits actually, Ms Corns said. A study at the University of South Australia agrees. It just made financial sense then. (news.financializer.com). As reported in the news.

time event: NBC/MSNBC/Telemundo did not host a GOP debate in 2015, so we looked at the October 28, 2015 CNBC debate both the prime time event and the early evening undercard forum . All four networks are owned by NBCUniversal, and their correspondents often appear on their sister networks' news programs, according to MSNBC. Our review shows the moderators led by CNBC White House correspondent John Harwood set out to trip up the candidates with policy questions that came from the left and even personal shots meant to embarrass them before a national audience. If they are to match what their colleagues did with Republican candidates in 2015, they should ask questions designed to humiliate, badger and paint them as not ready for prime time, cartoonish, out-of-touch extremists. If fairness matters, then this time around the debate moderators should not ask the Democrats to evaluate or criticize the incumbent Trump administration, since in 2015 the Republicans were never invited to evaluate or criticize the incumbent Obama administration. MRC's Bill D'Agostino has compiled many of these examples from the 2015 CNBC debate To help facilitate a fair and unbiased debate, we at News Busters have come up with some questions based off the actual queries from the 2015 CNBC debates that debate moderators Lester Holt, Savannah Guthrie, Chuck Todd, Rachel Maddow and Jose Diaz-Balart are welcome to use. Instead, most of the questions should be about the shortcomings of the current Democratic field, matching the agenda of the 2015 debate in which the candidates were mostly asked to react to criticism of themselves and their colleagues. (news.financializer.com). As reported in the news.

ugandan women: Facebook Tweet MailA Christian missionary has been accused of misrepresenting herself as a doctor and running a Ugandan medical facility where hundreds of children died, according to Nine News Australia. A lawsuit was filed against US woman Renee Bach and her non-profit Serving His Children organisation in January on behalf of two Ugandan women, Gimbo Brenda and Kakai Annet, by The Women's Pro Bono Initiative. To improve your experience update it here News World Christian missionary sued over hundreds' of children's deaths By 9News Staff2 08pm Jun 24, 2019Renee Bach has been sued over a number of children's deaths. The suit alleges that Ms Brenda and Ms Annet were led to believe Ms Bach was a medical doctor and that her home was a medical facility, as Ms Bach was often seen wearing a white coat and allegedly gave medication to children in her care. The Women's Probono Initiative and the two women are thus alleging that the actions of Renee and SHC led to the death of hundreds of children amounting to violations of human rights including violation of children's right to access adequate treatment, the right to health of the children, the right to life, the right to be free from discrimination on the basis of race and social economic standing and the right to dignity, freedom from torture, inhuman and degrading treatment, the Initiative said in a press release. Actions taken while Ms Brenda's and Ms Annet's babies were in Ms Bach's care, led to their infants' deaths, the suit claims. (news.financializer.com). As reported in the news.

user base: TikTok is the relative new kid on the social block, but it's quickly gathering pace and popularity with a user base that's climbing towards the likes of Instagram and Snapchat, according to Nine News Australia. Half a billion people are believed to be using the video service every month around the world and the app's Australian database is growing rapidly. To improve your experience update it here News National Why parents should be wary of new social media craze By Sylvia Jeffreys5 15pm Jun 24, 2019Facebook Tweet MailA popular new social media platform has prompted warnings from cyber experts and authorities. TikTok is a relatively new social media platform popular with young people. BBC reporter Marco Silva conducted a thorough investigation in the UK. Over three months he collected 100 explicit comments from 100 different videos on TiKTok and reported them to administrators. A Current Affair But the app has made international headlines in recent months over a series of disturbing incidents overseas. (news.financializer.com). As reported in the news.

ak: In the March 31 vote, Imamoglu won by a razor-thin margin taking 48.8 percent of the vote to Yildirim's 48.55 win for CHP saw power shift in Istanbul from the AK Party for the first time in 17 years, though Imamoglu was Istanbul's mayor for only 18 days, according to The Independent. Turkish President Recep Tayyip Erdogan, the head of the AK Party and former Istanbul mayor himself, had campaigned vigorously for his candidate, and his party protested the outcome. While 32 candidates were listed on ballot papers, including 17 independents, the real race is between the ruling Justice and Development Party AK Party candidate, Binali Yildirim, and opposition Republican People's Party CHP candidate Ekrem Imamoglu. The AK Party also lost to the opposition in the cities of Ankara and Izmir. 'Scandal' for democracy The Supreme Electoral Council YSK declared a rerun would be held after the AK Party filed an extraordinary objection to the vote count citing illegal Turkish writer and journalist Mustafa Akyol told Al Jazeera the rerun is a scandal for Turkish democracy. The fact that the Supreme Electoral Council not all, but the majority of its members complied with this scheme showed, once again, that the independent judiciary is fading away. The government couldn't present any credible reason for it, other than that it was a very close call, and they thought they could win in a rerun by mobilising more voters, Akyol said. (news.financializer.com). As reported in the news.

year: Rates for home loans were mixed, but stayed near recent lows, even as bond market moves suggest another big step down lies ahead, according to Market Watch. The 30-year fixed-rate mortgage averaged 3.84% in the June 20 week, up two basis points, Freddie Mac said Thursday. An American flag hangs from the front porch. Halfway through 2019, this is only the seventh week in which the popular product has increased. In the most recent week, according to data from the Mortgage Bankers Association, ARMs made up only 6.1% of all mortgage applications. The 15-year fixed-rate mortgage averaged 3.25%, down from 3.26%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.48%, down three basis points. (news.financializer.com). As reported in the news.

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.