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

hong kong: Hong Kong society should stand up against riots that seriously damage Hong Kong's wellbeing and future, according to Global Times China. Some radical activists stormed Hong Kong's Legislative Council Leg Co building on Monday. They and the power behind them are sinners against Hong Kong's economy. Destructive behavior and violence demonstrate contempt for the rule of law and can never be tolerated because they damage Hong Kong's reputation as a secure place to do business. We noted that Thursday's minimum airfare from Hong Kong to Beijing was nearly 40 percent higher than that from Beijing to Hong Kong, according to data from online travel service provider Ctrip, suggesting weaker demand for traveling to Hong Kong. Some companies based in the Chinese mainland are taking a wait-and-see attitude when it comes to investing in Hong Kong. (news.financializer.com). As reported in the news.

lindsey bell: That dynamic has left many investors, strategists and other Wall Street watchers wrestling with some tough questions What to buy if everything is trading at a relative premium to historic averages and the swiftly changing narrative on trade or the economy could ignite stomach-churning price swings And if it feels like the recent tandem asset run-up has the markets on a knife-edge, it may be for a good reason, according to Market Watch. Things can quickly change on a dime from a Federal Reserve perspective, from a trade perspective, Lindsey Bell, investment strategist at CFRA, told Market Watch in a recent interview. Even bitcoin has caught a bid after a months long fallow period recently, giving way to a powerful burst higher. The S&P 500 price-to-earnings a popular way of valuing stocks on a trailing 12-month basis is at 21.83, compared with a 10-year average of 17.87, according to Dow Jones Market Data. The historical mean is 15.75. That means the combined price of the constituents of the index was almost 22 times the net earnings produced over the past year. (news.financializer.com). As reported in the news.

macro fund: That action has been labeled the buy everything trade by some market players, according to Market Watch. Rally in Everything extends w/ S&P 500 closed at fresh high, Bonds gain w/10yr Treasury yield slumped to 1.98% and Gold surged back above 1,400 an ounce. Investors are scooping up bonds on hopes central banks won't be hiking interest rates soon see chart as well as gold and global equities, having driven the S&P 500 to a new record on Tuesday. Holger Zschaepitz Schuldensuehner July 2, 2019 Among the fans are James Whelan, investment manager at VFS Group Global Macro Fund. The Sydney, Australia-based Whelan told Market Watch in an interview that the coming second-quarter U.S. earnings season will be a big test for markets, a view we've been hearing a lot lately. Providing our call of the day he says he's ready to cash in on some of those buy everything gains ahead of a big near-term risk. (news.financializer.com). As reported in the news.

market participants: U.S. equity markets closed early Wednesday, at 1 p.m, according to Market Watch. Eastern Time, and will closed on Thursday for Independence Day. Market participants also digested new U.S. job-growth estimates from ADP as well as jobless claims data that paint a conflicting picture of the labor market ahead of the much anticipated government job report, due Friday. How did the benchmarks fare The Dow Jones Industrial Average DJIA, 0.67% rose 179.32 points, or 0.7%, at 26,966, it's first record close since Oct. 3, while the S&P 500 index SPX, 0.77% set its third-straight record close, rising 22.81 points, or 0.8% to 2,995.82. What drove the market Two measures of U.S. labor-market strength provided investors with conflicting signals ahead of the official government estimate of job growth, due Friday morning. The Nasdaq Composite index COMP, 0.75% ended the day at an all-time high of 8,170.23, adding 61.14 points or 0.8%. The S&P also set a new intraday high of 2,995.83 while the Dow's closing level also ranks as an intraday record. (news.financializer.com). As reported in the news.

sebi: SEBI decided it should be 608.46 based on a valuation report by Haribhakti and Company, according to The Independent. Some retail investors said it should be 1,200 a share. Tenneco, the acquirer of FMG, had given an open offer price of 400 a share. In May, the Securities and Appellate Tribunal SAT had given FMG retail investors and Tenneco three weeks' time to raise their objection with the SEBI. The Tribunal had asked SEBI to decide the matter in four weeks. Two other reports of chartered accountants have derived a fair value of 920 and 1,150 a share, they added. The independent valuation report from a Category 1 merchant banker engaged by a large mutual fund has derived an open offer value of 820 a share for FMG, the sources said. (news.financializer.com). As reported in the news.

forsyth: A further 7bn a year should be spent to extend NHS-style free personal care to all by 2025, to be paid for out of general taxation, according to The Guardian. The chair of the cross-party committee, Lord Forsyth, said it was time for government to stop faffing around and properly fund a system that was riddled with unfairness and left people enduring real suffering. The Lords economic affairs committee said this would restore access and quality of social care services in England to pre-austerity levels and relieve unsustainable pressure on unpaid family carers. Our recommendations will cost money, but social care should be a public spending priority, he said. The outgoing Tory chair of the Local Government Association, Lord Porter, recently warned that vulnerable people would die as a result of the continuing failure to properly fund social care. The committee's report comes amid growing concern at the state of adult social care after a decade of austerity. (news.financializer.com). As reported in the news.

detention centre: The airstrike targeting the detention centre in Tripoli's Tajoura neighbourhood, also wounded 80 migrants, said Malek Merset, a spokesman for the health ministry, according to Nine News Australia. Mr Merset posted photos of migrants being taken in ambulances to hospitals. To improve your experience update it here News World40 killed, 80 wounded as rebel airstrike hits detention centre in Libya By AAP4 00pm Jul 3, 2019Facebook Tweet Mail An airstrike on a detention centre for migrants in the Libyan capital has killed at least 40 people, according to the country's UN-supported government. Libyan Red Crescent workers recover migrants bodies after the airstrike at the detention centre in Tajoura, east of Tripoli. The Tripoli-based government blamed the self-styled Libyan National Army, led by Khalifa Hifter, for the strike and called for the UN support mission in Libya to establish a fact-finding committee to investigate. AP/AAP The UN refugee agency in Libya condemned the airstrike on the detention centre, which houses 616 migrants and refugees. (news.financializer.com). As reported in the news.

id: Li stepped back, trying to shake the water from his hair, and said, What's your problem var id function make Embed Script d, id var js,fjs;js id;js.charset '' ;fjs fjs ;js.src id ;Setbacks always lie on the road of advancing AI, Baidu Founder Robin Li Yanhong said at a conference in Beijing, after a man rushed to the stage to splash water on his face, according to CNN. Baidu Create2019 Global Times globaltimesnews July 3, 2019 As you can see, all kinds of unexpected things may happen on our way forward in AI development, Li said a few seconds later. Robin Li, the co-founder and CEO of Chinese tech company Baidu, was speaking about self-driving and connected cars when a young man dressed in a black shirt came on stage and emptied a bottle of water over Li's head. But our determination won't change going forward. It was not immediately clear who the man was or what his motives were, and Baidu did not immediately respond to a request for comment. We firmly believe AI will change everyone's life, he added. (news.financializer.com). As reported in the news.

engine malfunctioned: Beresheet's landing was a failure - the 1.5 metre robot crashed onto the lunar surface after its engine malfunctioned, according to Nine News Australia. But the Israeli company behind it - SpaceIL - is now using the experience to inform future space missions, and students. To improve your experience update it here News World It's okay to fail' Prominent women leaders urge Australia to change its attitude to innovation By Fiona Willan Political Reporter2 44pm Jul 3, months ago, a small, privately-owned spacecraft made history, when it found its way to the moon. When the Beresheet spacecraft crashed during landing the company behind it used the experience to inspire a new generation of innovators. They cried, but then they went home to their parents and they spoke about the meaning of success, and the fact in order to succeed, you need to go through challenges, he said, speaking at Cyber Week at Tel Aviv University. EPA/AAP Leading businesswomen Jennifer Westacott front and Christine Bartlett have urged Australia to change its approach to innovation. 9News The team is aiming to inspire a new generation of innovators - and cement the country's reputation as the Start Up Nation . SpaceIL co-founder Kfir Damari told 9News that children who had been involved in the project learned from its crash landing. (news.financializer.com). As reported in the news.

children access: But the Department of Homeland Security's inspector general's office said it visited five facilities and found children at three of them had no access to showers and two facilities had not provided children access to hot meals, according to MSNBC. Firing back at Kellyanne Conway's accusation that she is all talk, no dollars, Rep. Fact Check Posts Featured Posts Confusion at the Border By Eugene Kiely, Robert Farley and Lori Robertson Posted on July 3, 2019In recent days, contradictory claims have been made about border issues, including the living conditions for migrants being housed at U.S. Customs and Border Protection detention facilities Acting Homeland Security Secretary Kevin McAleenan claimed that children in CBP custody are receiving appropriate meals and showers. Alexandria Ocasio-Cortez said a 4.6 billion emergency aid bill she opposed wasn't humanitarian at all. Four Democratic lawmakers claimed that detainees at CBP facilities told them guards had instructed the detainees to drink water from toilets. But it includes money for food, shelter, medical expenses and other aid for migrants and unaccompanied children at the border. (news.financializer.com). As reported in the news.

gold gcq: Safe havens shined brightly Tuesday as global slowdown worries are growing, said Edward Moya, senior market analyst at Oanda, according to Market Watch. The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon. Investors favored haven assets, such as gold, on the back of weakness in the U.S. dollar and losses in the U.S. stock market. August gold GCQ19, -0.35% rose 18.70, or 1.4%, to settle at 1,408 an ounce. There is a continuity to buying the big dips, selling the big rallies as we also continue to stay in the new higher trading range of 1,385- 1,450, said George Gero, managing director at RBC Wealth Management, in a daily note. The precious metal saw prices drop 24.40, or 1.7%, on Monday, representing the steepest dollar and percentage decline for most-active futures contracts since June 2018, according to Fact Set data. (news.financializer.com). As reported in the news.

house charge: You can form your own view, according to The Independent. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. Iran's foreign minister Mohammad Javad Zarif responded in a message on Twitter Seriously 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. Subscribe now Daryl Kimball, the executive director of the Arms Control Association, said the White House charge was illogical . The White House did not elaborate on how Iran could break the terms of the deal before it had been implemented. Tensions high as Trump approves new Iran sanctions In pictures Show all 17 Created with Sketch. Created with Sketch. (news.financializer.com). As reported in the news.

korean market: More representatives of Chinese businesses have gone to North Korea to seek opportunities and more interest could be sparked as a result of the historic meeting between the leaders of North Korea and the US over the weekend, according to insiders, according to Global Times China. US President Donald Trump met with North Korea's leader Kim Jong-un on Sunday and became the first sitting US president to visit North Korea, though very briefly, sending signals for easing tensions between the two countries. Photo VCG An increasing number of Chinese entrepreneurs have been eyeing the North Korean market since last year after it vowed to boost economic growth as a top priority, with corporate representatives saying that rich resources, stable political and economic environment and labor advantages are major attractions. After the meeting, Chinese investors may be even more eager to tap into opportunities in the North Korean market, a tour organizer who organizes Chinese business delegations to North Korea, told the Global Times on Tuesday. We organized such trips every month from February to May and we will hold one in July and another in September. Most Chinese entrepreneurs know little about the country and hope to get more information such as investment policies, cooperation projects and business environment through first-hand observation, said the organizer, who requested anonymity. (news.financializer.com). As reported in the news.

life insurer: Singapore is Southeast Asia's largest life insurance market with annual gross premiums of 22 billion in 2017, Sumitomo said in a statement, according to The Japan Times. Singapore Life offers term insurance, universal life, critical illness and endowment plans. Sumitomo Life completed the transaction to become a major shareholder last Friday, spokesman Akira Sasaki told NNA on Monday, adding that the major life insurer will have a director on the Singapore Life board. ; Singapore Life began operations in 2017, becoming the first home-grown life insurer to be fully licensed since 1970. Sumitomo noted the Singaporean market has expanded about 8 percent annually for the last 10 years and projects it will grow by about 5 percent every year for the next decade. Singapore Life said Sumitomo Life's newly acquired stake follows investment by other major investors, including Aberdeen Standard Investments, Aflac Inc. and investment fund IPGL Holdings Ltd. The Japanese firm aims to utilize Singapore Life's digital technology to bring synergies to its own sales in Japan and abroad. (news.financializer.com). As reported in the news.

vaak: Chief Executive Officer Ryo Tanaka also said the Vision Fund had expressed interest and that its investment could come as early as next year. ; Vaak wants to install its murder and terrorism targeting software at airports and shopping malls around Japan, and is in talks with government bodies in the U.S., Singapore and the United Arab Emirates to introduce its service, according to The Japan Times. It hopes its software can eventually become instrumental in fighting more serious crimes such as murder and terrorism. Tokyo-based Vaak, which is already using artificial intelligence to detect shoplifters before they commit theft, said it will sell shares to investors including Soft Bank's venture capital arms. Vaak plans an initial public offering on the Tokyo Stock Exchange as early as 2022, the CEO said. The firm hired Hiromichi Maruono, a former investment banker at Citigroup Inc. and Lehman Brothers Holdings Inc., as chief financial officer in June. It is also considering additional listings in Hong Kong and New York. (news.financializer.com). As reported in the news.

responsibility deficit: In an interview with Global Times GT reporter Xu Hailin, Cl udio Puty Puty an associate professor of economics at the Federal University of Par Brazil and a former Brazilian federal deputy, shared his views on BRICS, China's role in today's world, and of course, the trade war, according to Global Times China. In what areas can BRICS countries cooperate intensively What does BRICS mean for today's global political and economic dynamics Puty BRICS is crucial. While Washington has revealed its unilateralist and protectionist designs, China is safeguarding globalization and promoting multilateral cooperation platforms. We live in a world that has a responsibility deficit and a trust deficit. There's rising nationalism and a crisis of identity in many nations. We live in a world where the governing bodies, which don't represent the existing power correlation, are in crisis. (news.financializer.com). As reported in the news.

slowdown bank: The US president hit China with further tariffs in May and June, adding to levies already imposed on hundreds of billions of Chinese imports, according to The Independent. He also threatened to raise tariffs on Mexican goods, despite only having recently agreed a revised trade deal with America's neighbour. Over the past year, the global economy has shifted from a robust, broad-based expansion to a widespread slowdown the Bank of England governor said in a bleak assessment on Tuesday. 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.

chester hill: Isaak el Matari, 20, and two other men aged 23 and 30, were arrested in counter-terror raids across Sydney's south west and were taken to Bankstown police station, according to Nine News Australia. Police targeted six addresses in Greenacre, Canada Bay, Toongabbie, Chester Hill and Ingleburn this morning. To improve your experience update it here News National Alleged Islamic State supporters arrested in Sydney counter terror raids By Sophie Walsh Debra Killalea8 47pm Jul 2, Sydney men have been arrested over an alleged Islamic State-inspired plot to attack a variety of targets in Australia including embassies, police stations and court buildings. Isaak el Matari, 20,was one of three men arrested today as part of the anti-terror raids. Speaking about the arrest of three men in Sydney today, Assistant Commissioner Ian McCartney Australian Federal Police said the joint raids were designed to keep Australia safe and showed there were still those in the community who wished to do us harm . The NSW Joint Counter Terrorism Team - which includes Australian Federal Police officers - conducted the raids following a 12-month investigation targeting a group of people alleged to support the Islamic State terrorist organisation . Police and detectives raided six homes this morning across Sydney as they disrupted a terror plot that police allege was aimed at police stations, courts and churches. 9News Ass Comm McCartney said the 20-year-old man from Greenacre had been monitored for the past 12 months since returning to Australia from Lebanon, where he had been deported after being jailed for planning to travel to Syria to join Islamic State. Supplied Police allege the younger men were members of Islamic State and the plot - which was in the early stages of planning was to target police stations, defence establishments, embassies, councils, courts and churches. (news.financializer.com). As reported in the news.

chinese customers: Walmart WMT is planning to spend the money to boost grocery deliveries, according to CNN. Walmart continues to increase investment in supply-chain logistics in order to ... provide our Chinese customers with great fresh products, and improve our service, Ryan McDaniel, senior vice president of supply chain for Walmart China, said in the statement. The US retail giant plans to invest around 8 billion yuan 1.2 billion in distribution centers in China over the next two decades, it said in a statement sent to CNN Business. Walmart has already invested 700 million yuan 102 million in building a distribution center for perishables in the south of China as it tries to cater to customers who are increasingly shopping online. Walmart partnered with another big Chinese tech firm, JD JD in 2016, and has also invested more than 300 million in a Chinese delivery firm Dada-JD Daojia. Read More The Arkansas-based retailer, which has been in China since 1996, faces competition from local supermarkets and online rivals like Alibaba BABA which has grown its grocery business in recent years. (news.financializer.com). As reported in the news.

cryptocurrency: Last Wednesday, the cryptocurrency shot up to 13,879, breaking through the 12,000 and 13,000 levels in less than two hours, according to The Guardian. Bitcoin had languished below 6,000 for months, but was galvanised by Facebook's plans to create a cryptocurrency called Libra next year. Continuing its wild ride, the digital currency dropped to 9,717 on Tuesday, down 8.1% on the day. Q&A What is bitcoin Show Hide Bitcoin is the first, and the biggest, 'cryptocurrency' a decentralised tradeable digital asset. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it is hard but not impossible to trace a bitcoin transaction back to a physical person. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption or regulation. (news.financializer.com). As reported in the news.

election cycles: Visit Business Insider for more stories. block end block open Being a president, prime minister, or supreme leader is by no means a guaranteed way to stay youthful. block end block open Election cycles, political compromises, long days, and difficult decisions are just a few of the things world leaders have to deal with on a daily basis. block end block open In 2015, the British Medical Journal published a study comparing elected leaders and runner-upsin 17 countries between 1722 to 2015 to see how hard being a world leader is on the body. block end block open The study concluded that becoming a head of government substantially increased the risk of mortality, according to Asahi Shimbun. Candidates who served as a head of government lived about 4 years less after their last election than those who never served. block end block open Here are 30 photos showing how world leaders have aged since they were first elected. block end block open Here's President Donald Trump on the day of his inauguration in January 2017. These before and after photos show how 15 world leaders, from Angela Merkel and Vladimir Putin to Queen Elizabeth, have aged in office. He was 70 when he took office, the oldest in US history. block end block open Business Insider USA Images block end block open Getty Images block end block open At age 73 in 2019, here at a news conference in South Korea, he doesn't look too different. block end block open Business Insider USA Images block end block open Reuters block end block open British Prime Minister Theresa May came to power in 2016 during a chaotic political time while Britain decided whether or not to remain part of the European Union. block end block open Business Insider USA Images block end block open Peter Macdiarmid / AFP / Getty block end block open After a stressful three years, and no concrete outcome, May resigned as Prime Minister in 2019. block end block open Business Insider USA Images block end block open Tolga Akmen / AFP / Getty block end block open Canadian Prime Minister Justin Trudeau became leader in 2015, after a surprise victory ousting a government that had been in power for the previous 9 years. He was 63. block end block open Business Insider USA Images block end block open Amit Dave / Reuters block end block open Source The Guardian block end block open In 2019, after winning another term, he's looking pretty similar. He was 43. block end block open Business Insider USA Images block end block open Patrick Aventurier / Getty block end block open Source Washington Post block end block open In 2019, with another election approaching, the biggest change looks to be the length of his hair. block end block open Business Insider USA Images block end block open Alex Wong / Getty block end block open India's Prime Minister Narendra Modi was elected in a historic landslide victory in 2014. (news.financializer.com). As reported in the news.

tang wenhong: Transnational direct investment dropped in three consecutive years, from 1.9 trillion in 2015 to 1.3 trillion in 2018, the official said, according to Global Times China. China has attached great importance to attracting foreign capital and will continue efforts to advance foreign investment in the domestic market, Tang said. Foreign direct investment FDI in the Chinese market rose 6.8 percent year-on-year from January to May, and the country's FDI reached a record high of 134.9 billion in 2018, up 3 percent on a yearly basis, according to data released by the Ministry of Commerce MOFCOM . However, the total transnational direct investment in 2018 has fallen to the lowest level since the global financial crisis, Tang Wenhong, director of the Department of Foreign Trade Administration of MOFCOM, told a meeting in Beijing. The country has edited its negative list five times during the past six years, he said. The two negative lists will take effect from July 30. On Sunday, China released the 2019 version of national negative list and the negative list for free trade zones to further open sectors like agriculture, mining and advanced manufacturing. (news.financializer.com). As reported in the news.

trade war: On Monday, the Dow closed up 117 points, or 0.44%, to 26,717.43, briefly trading above its closing record at 26,828.39 during that session, while the S&P 500 index held on to a 0.8% gain, or 23 points, at 2,964.33, setting an intraday record at 2,977.86, according to Market Watch. The Nasdaq Composite was 85 points higher, or 1.1%, at 8,091.16. How are benchmarks faring The Dow Jones Industrial Average DJIA, 0.67% was up 69 points, or 0.26%, at 26,786.75, the S&P 500 SPX, 0.77% gained 0.29%, or 8.7 points, setting a new record of 2,973.02, while the Nasdaq Composite Index COMP, 0.75% closed about 18 points higher, or 0.22%, to reach 8,1069.06. The Dow and the Nasdaq are within 1% of their records. But the truce in the trade war between the U.S .and China resulting from last weekend's G-20 meeting in Japan still leaves substantive issues unresolved and does little to turn around weak business spending and manufacturing activity data, analysts noted. What's driving the market Low debt yields globally and the prospect of renewed monetary policy stimulus from global central banks are encouraging equity investors. (news.financializer.com). As reported in the news.

trump: D., U.S. Executive Dir, European Bank of Reconstruction & Development, according to The Independent. Judy is a Founding Member of the board of directors of Empower America and has served on the board of directors of Hilton Hotels. Donald J. Trump real Donald Trump July 2, 2019I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. Donald J. Trump real Donald Trump July 2, 2019Waller is currently executive vice president of the Federal Reserve Bank of St. Both nominees will require Senate Shelton was widely reported to be under consideration for a spot on the Fed board. Louis, while Shelton is the U.S. executive director of the European Bank for Reconstruction and Development. (news.financializer.com). As reported in the news.

vehicle space: Though Devitt is upbeat about more rational price activity in the industry, which he expects to boost Lyft's stock, he still worries about Uber's valuation as well as its significantly long path to profitability, according to Market Watch. Lyft also stands to benefit from its partnerships and strategic positioning, according to Devitt. He initiated coverage of Uber Technologies Inc. shares UBER, 0.52% with a hold rating on Tuesday, while raising his price target on buy-rated Lyft Inc. shares LYFT, 0.41% to 76 from 70. The company has been working with Alphabet Inc.'s GOOG, 0.93%GOOGL, 0.93% Waymo self-driving unit, which he expects will keep the company on the forefront of innovations in the autonomous vehicle space. Such arrangements could be sources of incremental demand as well as help reduce friction in a friction-filled industry, Devitt wrote. Lyft also became an enrolled Medicaid provider in Arizona last week, which allows the company to service as a covered transportation option for patients traveling to doctors' appointments. (news.financializer.com). As reported in the news.

wall street: It gained 33.71 points Monday, according to The Japan Times. After opening slightly lower, stocks soon turned buoyant, helped by a continued rise on Wall Street. The Nikkei 225 average rose 24.30 points, or 0.11 percent, to end at 21,754.27 after surging 454.05 points Monday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 4.99 points, or 0.31 percent, higher at 1,589.84. The Nikkei and Topix both dipped into negative territory again on profit-taking. The market moved narrowly for the rest of the day due to a dearth of strong incentives, they said. But they recouped losses in midmorning trading thanks to buying by investors who took heart from Shanghai shares resisting falling substantially despite turmoil in Hong Kong, brokers said. (news.financializer.com). As reported in the news.