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

company: Ibis Capital Partners Llp who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the 196.62B market cap company, according to MSNBC. The stock increased 1.00% or 0.43 during the last trading session, reaching 43.32. The hedge fund held 76,885 shares of the television services company at the end of 2019Q1, valued at 3.07 million, down from 146,171 at the end of the previous reported quarter. About 8.34 million shares traded. It has outperformed by 27.77% the S&P500. Comcast Corporation CMCSA has risen 32.20% since July 4, 2018 and is uptrending. (news.financializer.com). As reported in the news.

bn najib: Riza has previously been questioned in relation to the multibillion-dollar 1MDB scandal, in which Najib was accused of involvement in a sovereign wealth fund that was allegedly used to steal more than 3bn, according to The Guardian. Najib denied charges of involvement in the schemes in May, in the first of multiple trials related to the scandal. Riza Aziz was detained on Thursday but released on bail, according to Malaysia's Anti-Corruption Commission MACC chief Latheefa Koya, who said the film producer would face money-laundering charges on Friday. The controversy helped to end the 60-year dominance of Malaysian politics by Najib's Barisan Nasional coalition. Riza's film production company, Red Granite, last year paid US authorities 60m to settle charges of involvement without admitting wrongdoing, after it was alleged to have used misappropriated money to fund Oscar-nominated The Wolf of Wall Street and other films. The effects of the scandal have been felt around the world, from the seizure of a 95m yacht in Bali allegedly bought with stolen funds, to criminal charges against US investment bank Goldman Sachs. (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.

consciousness: With a powerful, independent voice, we will spur the revolution in consciousness and inspire the direct action that is necessary to save the planet and humanity, according to MSNBC. About UsSubmission Guidelines Financial Information Privacy Policy Jobs Contact Truthout Trending immigrant jails Noam Chomsky Climate Change Public Banks Social Security News Analysis Human Rights The Declaration of Independence Is Sexist, Racist, Prejudiced We can embrace the underlying spirit of the Declaration of Independence but also learn from its / E / Getty Images ByMatthew Rozsa,Salon Published July 4, 2019Share Reading List Economy & Labor Wall Street Beware The Public Banking Movement Is Coming for You Politics & Elections We Must Fight to Preserve Social Security for Millennials Immigration The Nonprofits and Businesses Making Millions From Detaining Migrant Children Environment & Health Anchorage Hits 90 Degrees for First Time in Recorded History Racial Justice Making Sure the Census Counts Indian Country Environment & HealthA Former Industry Insider Reveals How Drug Companies Jack Up Prices It is painful to write about the shortcomings of the Declaration of Independence. Truthout works to spark action by revealing systemic injustice and providing a platform for transformative ideas, through in-depth investigative reporting and critical analysis. The historic document was officially approved by the Second Continental Congress in Philadelphia on July 4, 1776 a mere two days after the Lee Resolution formally declared the American colonies to be independent of the British Empire. Without this seminal text, every social justice movement that has followed would never have come to pass. Because the American colonists ultimately prevailed in their revolution against King George III, the document has been immortalized as one of the opening salvos in the ongoing fight for human freedom that continues to this very day. (news.financializer.com). As reported in the news.

independence day: He forged ahead Wednesday even though the Supreme Court had previously frozen his efforts on the matter and the Justice Department, apparently conceding they had a weak case, had given up, according to CNN. And he tweeted early on Independence Day that people from the departments of Commerce and Justice were working over the holiday to resolve the issue. The President's latest reach for untamed executive power led him into yet another surreal head to head with the courts as Independence Day approached. Going into the hearing on Tuesday where the Justice Department said the administration would not print the census with the question, there was consensus including from the White House on the position the DOJ took, according to a US government official. Trump's stance led to an extraordinary exchange between a Maryland judge and a government lawyer hauled back from vacation who was clearly as confused over the drama as anyone else. But, a source familiar says after the Tuesday hearing the President's position on the census shifted, something top DOJ officials including Attorney General William Barr became aware of before the President's tweet. (news.financializer.com). As reported in the news.

stoxx sxxp: What's moving the market China Commerce Ministry spokesman Gao Feng said existing US tariffs must be removed before a trade deal can be struck, but confirmed the two nations had restarted negotiations, according to Market Watch. The DAX DAX, -0.49% and the Stoxx 600 SXXP, -0.72% remained flat and FTSE 100 UKX, -0.66% edged up 0.1% as the threat of trade war escalation was offset by continued optimism over Christine Lagarde's nomination to replace Mario Draghi as president of the European Central Bank. Markets have been subdued with the U.S. shut for business for the Fourth of July holiday. The selection of the International Monetary Fund managing director has bolstered expectations of further monetary policy easing later this year. In economic data, the German construction sector continued to struggle as the latest purchasing managers index PMI survey reading fell for a third consecutive month to its lowest level since October last year. U.S. President Donald Trump, meanwhile, ramped up his rhetoric against Europe and China Wednesday, accusing the pair of playing a big currency manipulation game and suggesting the U.S. should employ the same tactic. (news.financializer.com). As reported in the news.

taiwan y: That has relieved some pressure on markets, though the trade war still overshadows the global economic outlook, according to Market Watch. Japan's Nikkei NIK, 0.20% closed up near 0.3%, but Hong Kong's Hang Seng Index HSI, -0.07% gave up early gains and ended down 0.2%. After starting the trading day flat, the Shanghai Composite SHCOMP, 0.19% slipped 0.3% and the smaller-cap Shenzhen Composite 399106, 0.63% fell 0.5%. South Korea's Kospi 180721, 0.09% erased early losses and rose 0.6%. Benchmark indexes in Taiwan Y9999, 0.09% Singapore STI, -0.16% and Indonesia JAKIDX, -0.04% saw modest gains. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. Australia's S&P/ASX 200 XJO, 0.50% rose 0.5%. Among individual stocks, Soft Bank 9984, -1.38% gained in Tokyo trading, as did Inpex 1605, -1.37% while Fast Retailing 9983, -0.11% declined. Samsung 005930, -0.76% inched up in South Korea, as did Taiwan Semiconductor 2330, -0.41% in Taiwan. In Hong Kong, Sino Biopharmaceutical 1177, 1.38% and Galaxy Entertainment 27, 0.27% rose, while AAC 2018, -1.63% and Sunny Optical 2382, -1.13% fell. (news.financializer.com). As reported in the news.

profit warning: Nevertheless, it would require real guts to turn down what Bain Capital and Carlyle Group LP are dangling, according to The Independent. Osram was already in a weak state when news about the potential bid emerged in November, pushing the stock as high as 41 euros. The 3.4 billion-euro 3.8 billion offer for German lighting group Osram Licht AG values the company's shares at less than what they were trading at as recently as March. A profit warning in March the company's sixth in little more than a year dragged the shares down to 25 euros, and they would doubtless have sunk even lower had the takeover talks not been rumbling on. At 3.8 billion euros including net debt, the mooted valuation is a generous nine times estimated Ebitda for 2020. The 35 euros-a-share offer is some 39% above that low point, and 22% above the average price over the past three months. (news.financializer.com). As reported in the news.

test version: It didn't just have to look real and feel realistic but it had to behave realistically as well, Stevens said, according to The Japan Times. Stevens believes the Tombot dog, which moves its head from side to side, grunts and wags its tail, is lifelike enough to help people with dementia. Entrepreneur Tom Stevens recently presented a test version of the robotic yellow Labrador puppy to residents of a nursing home in Thousand Oaks, California. ; Stevens said his company, Tombot, based in the northern Los Angeles suburb of Santa Clarita, partnered with Jim Henson's Creature Shop, a firm founded by the late Muppets creator, to give the robot realistic movements. It is also easier to look after than a real dog, he said. Stevens said he came up with the concept for the robot after his mother was diagnosed with Alzheimer's in 2011. The robot has 16 motors to control its movements and is loaded with sensors to respond to voice commands and detect how people are touching it, such as the difference between a slow caress and a vigorous pet. (news.financializer.com). As reported in the news.

victims families: The 100 million figure is less than the list price for several leading 737 Max planes, according to The Japan Times. Boeing said it would also match donations from employees to families and communities affected by the accidents. Describing the sum as an initial investment over multiple years, the company said it would work with local governments and nonprofit organizations to provide hardship and living expenses and boost economic development in regions affected by crashes of planes that were operated by Ethiopian Airlines and Lion Air. ; Boeing faces numerous lawsuits filed by the victims' families, some of whom have appeared at news conferences or during congressional hearings probing the disasters. We at Boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue to weigh heavily on our hearts and on our minds for years to come, said Boeing Chief Executive Dennis Muilenburg in a statement to the media. Boeing referenced multiple lawsuits in an April securities filing, saying it was also cooperating with various regulatory probes. The families and loved ones of those on board have our deepest sympathies and we hope this initial outreach can help bring them comfort. (news.financializer.com). As reported in the news.

case: However, that's not the case for our former chancellor George Osborne, who after presiding over the worst economic recovery in recorded history, with severe and deadly public spending cuts, went for option b and managed to become the editor of the Evening Standard a job for which he is totally unqualified, according to The Guardian. And how has that gone Losses of 11.5m aren't too shabby. When planning your next steps do you a rethink your career goals and consider doing something different with less responsibility; b go for a job you're completely unqualified for; or c go for a big promotion with even greater stakes for society I assume most of us would go for a and even if we wanted to, we wouldn't have the option of b or c without facing rejection. So, sensing now is the time to cut and run, he's in the running for the top job at the International Monetary Fund IMF . Yes, it's yet another example of a privately educated white male failing upwards. There are many reasons why having Osborne as the managing director of the IMF is undesirable, but let's just start with his record. But it also shows us how without an ideological change at the top we are stuck with the same pool of arrogant neoliberals. (news.financializer.com). As reported in the news.

mbi: Limited liability is a legal structure that means business owners' private assets are not at risk when a company fails, according to The Guardian. Barber ordered that two Woodhouse care home businesses MBI Clifton Moor Ltd and MBI Hawthorn Care Ltd along with the entrepreneur's planned 200m adventure resort, Afan Valley Ltd, be placed instantly into interim administration. I am entirely satisfied by the evidence before me that this court must take immediate action. Powers that Woodhouse possessed as a director were immediately removed and administrators from the insolvency firm Duff & Phelps will take over the running of the companies until a full hearing. The judge said This is not just insolvency it is what has been going on behind the curtain of limited liability. At that point, Barber said, the companies should be under no misapprehension as to their fate when they will end up in some form of insolvency. (news.financializer.com). As reported in the news.

co: NBN Co floated the idea to see if retail providers such as Telstra, Optus and TPG would enforce higher rates for customers streaming on the troubled network, according to Nine News Australia. Industry experts believe the introduction of such a levy would have a drastic impact on net neutrality - the principle that ISPs should enable access to all content and applications regardless of the source, and without favouring or blocking particular products or websites. To improve your experience update it here News TechnologyNBN hit back at backlash over 'Netflix tax' following fresh warnings By Matt Dunn Senior Producer11 46am Jul 4, have issued a stark warning after National Broadband Network suggested a potential price hike for customers who watch Netflix, Stan and other bandwidth-sapping streaming services. NBN proposed an idea to charge customers more for Netflix. This has a lot to do with Australia's competition law provisions, he told nine.au. Netflix RMIT University electronic and telecommunications associate professor Mark Gregory said there has never been any official net neutrality laws in Australia because all content providers have been treated equally with no artificial barriers in place. (news.financializer.com). As reported in the news.

right: I was floored, it's a huge amount and I thought there is no way that can be right, she told nine.au, according to Nine News Australia. But when she contacted Centrelink to ask for more information about how they calculated the debt, Ms Hellner said they refused to give it to her. To improve your experience update it here News National They won't give me my own records' Customers left in the dark over Centrelink debt claims By Emily McPherson10 49am Jul 4, Sydney woman Lauren Hellner was first told she owed 20,000 to Centrelink she was stunned. When I spoke to them, they said for security reasons we can't give you a break-down of how we came to this amount. But when I looked online at my MyGov account there was no break-down, there was no information, just a letter saying you have a debt and the amount that I owe. They said just look online. (news.financializer.com). As reported in the news.

television: You'll hear it from television commentators, according to MSNBC. From politicians. And we'll be inundated with bold-faced lies about American exceptionalism. From dudes wearing a red, white and blue t-shirt made in China. Commentators will spout platitudes about the wisdom of the so-called Founding Fathers, even as they all benefited from creating a white supremacist society built on the backs of black men and women. They'll talk about how we're a country that believes in democracy, just as the United States Supreme Court decided last week to allow partisan gerrymandering to disempower minorities. (news.financializer.com). As reported in the news.

bank board: The euro was at 1.1277-1277, down from 1.1288-1288, and at 121.50-51, down from 122.21-21. ; Expectations grew for interest rate cuts by the Bank of England and the European Central Bank following BOE Gov, according to The Japan Times. Mark Carney's suggestion of an easing possibility and the nomination of dovish Christine Lagarde, current head of the International Monetary Fund, as next ECB president. At 5 p.m., the dollar stood at 107.74-78, down from 108.26-26 at the same time Tuesday. Speculation about an interest rate cut by the U.S. Federal Reserve was enhanced by President Donald Trump's tweets expressing his willingness to tap two dovish nominees to the U.S. central bank board. But after the dollar breached the 107.60 line, the greenback attracted some buybacks, they also said. Anticipating the Japan-U.S. interest rate gap to shrink, investors continued to sell the dollar against the yen until midmorning, traders said. (news.financializer.com). As reported in the news.

climate change: Opening up a new industrial frontier in the largest ecosystem on Earth and undermining an important carbon sink carries significant environmental risks, according to The Japan Times. Deep sea mining could even make climate change worse. Without proper governance of the seas, mining could remove entire habitats and species, release toxins and create pollution in areas that have been undisturbed for millennia, it said. ; Deep sea mining could cause severe and potentially irreversible environmental harm both at the mine sites and throughout broader ocean areas, Greenpeace said in a report. A growing number of countries are eyeing the ocean floor as a source of wealth, scattered with vast beds of minerals key to making modern gadgets, from smartphones to solar panels. India is investing heavily in underwater technology after winning four of 29 exploration licenses awarded by the U.N's International Seabed Authority ISA which aims to agree on rules on exploitation by 2020. But climate campaigners are worried about disrupting one of the last pristine areas of the planet and potentially putting species we barely understand at risk, as well as releasing planet-warming carbon dioxide. (news.financializer.com). As reported in the news.

equity value: The private equity group run by Stephen Schwarzman, together with the Canada Pension Plan Investment Board, will own half of the UK-based group which also operates Madame Tussauds wax museum, according to Global Times China. Denmark's Kirkbi, the investment company of Lego's founding family, currently has a 30 percent stake and is set to increase this to 50 percent. That is a fair summary of Blackstone's deal to help take Legoland owner Merlin Entertainments private at a 4.8 billion pound 6.07 billion equity value. Their offer is worth 37 percent more than the company's closing price before activist investor Value Act Capital publicly called for a sale in May. The trio's plan to regain losses differs greatly from the standard private-equity process of increasing leverage, slashing costs and flipping a business. Including debt, the enterprise value is 5.9 billion pounds - 12 times the 2018 EBITDA, against an average of 11 times for US and European buyouts in recent years. (news.financializer.com). As reported in the news.

countries share: Xi stressed that the two sides should respect and trust each other and strengthen exchanges between the two governments, legislative bodies and political parties while maintaining mutual support on issues involving each other's core interests and major concerns, according to Global Times China. The two countries share many of the same or similar views on the international situation and should jointly safeguard the international system based on multilateralism and the international law, said Xi. Bulgaria was one of the first countries to establish diplomatic relations with New China, Xi noted, hoping that the two countries take the strategic partnership as a new starting point, work together to cope with the test of international changes and inject new impetus into bilateral cooperation. Bulgaria is also one of the first Central and Eastern European countries to sign intergovernmental cooperation documents with China on the Belt and Road Initiative. Xi reiterated China's firm support for the European integration process, EU's unity and growth and Europe's more important role in international affairs, saying that China's upholding such stances is not an expedient measure. Xi said China is willing to strengthen the synergy between the two countries' development strategies, promote infrastructure connectivity, expand trade and investment and cement people-to-people exchanges. (news.financializer.com). As reported in the news.

endeavour drinks: ALH owns 12,000 poker machines across 330 pubs throughout Australia, which makes it the largest pokies business in Australia, according to The Independent. The 10bn new company, which will include 1,500 BWS and Dan Murphy's alcohol retail chains, will be demerged, either sold off or put out for an initial public offering. The supermarket giant announced on Wednesday that Endeavour Drinks would be combined with the hotels and gaming-focused Australian Leisure & Hospitality Group under the new umbrella Endeavour Group Limited. The separation has been flagged for 2020. Woolworths was coming under pressure to divest from gambling after rival Coles announced in March it had inked a 200m deal with a private equity firm to give up control of about 3,000 poker machines. Coles dumps pokies, putting Woolworths under pressure to follow suit Read more The board believes that a merger of Endeavour Drinks and ALH followed by a separation, is in shareholders' best interests and will benefit customers and team members of both groups, the Woolworths chairman, Gordon Cairns, said in a statement to the stock exchange. (news.financializer.com). As reported in the news.

export curbs: The export curbs could hamper production at South Korea's chip giants Samsung Electronics Co. and SK Hynix Inc., as the two chemicals targeted are essential, analysts say, according to The Japan Times. Data firm IHS Markit said Wednesday the trade restrictions against South Korea would add to global trade tensions. Japan said Monday it would tighten regulations on exports of materials used in smartphone displays and chips to South Korea amid a widening dispute over compensation for South Koreans who were forced to work for Japanese firms during World War II. ; We are doing a preliminary feasibility analysis on the investment Cho Jeong-sik from the Democratic Party told reporters after meeting with officials from the presidential office and government ministries to discuss a response to Japan's decision. Asian exporters are already being strained by a prolonged slowdown in the global electronics sectors. Industry minister Hiroshige Seko said Tuesday that the decision to tighten controls was not in violation of World Trade Organization rules, rebuffing South Korea's earlier claims. A reduction or elimination in the availability of these materials will significantly impede the production of memory and other semiconductor chips, impacting major semiconductor manufacturers including Samsung Electronics and SK Hynix, Len Jelinek, executive director of semiconductor research at IHS Markit, said in a note. (news.financializer.com). As reported in the news.

gr ie: The USA Women's home jersey is now the No. 1 soccer jersey, men's or women's, ever sold on Nike in one season, said Mark Parker, Nike CEO, during the company's earnings call, 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. Exceeding all other top sales, the sportswear brand announced it has sold more of the women's shirt online than any other in a single season. You can form your own view. Subscribe now The Nike US 2019 Stadium Home Women's Football Shirt is a white, slim-fit top that features red and blue stripes on the short sleeves and three stars on the back to represent how many times the US has won the world title. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

authority: The Palestinian leadership has made a strategic mistake by not engaging on this; they look very foolish for trying to fight against this, he said, according to CNN. But asked to speak specifically about Palestinian Authority President Mahmoud Abbas, he was altogether more conciliatory. Speaking on a conference call with reporters a week after hosting a self-styled economic workshop in Bahrain aimed at discussing ways of boosting the Palestinian economy in the event of a peace deal with Israel, Kushner said the decision of Palestinian leadership to boycott the meeting had been hysterical and erratic and not terribly constructive. Kushner refuses to say if US backs two-state solution to Israeli-Palestinian conflict I have a lot of respect for President Abbas, he said. Read More And Kushner seemed to suggest those sentiments were shared by his father-in-law. He has devoted his life to trying to make peace. (news.financializer.com). As reported in the news.

causes tuesday: He was instrumental in the creation of the Ford Mustang and the Chrysler minivan, according to CNN. Iacocca's youngest daughter confirmed he passed away of natural causes Tuesday. He was 94. He is survived by two daughters and eight grandchildren. Iacocca started working at Ford Motor Company in 1946, and was a major figure in the development of the Ford Mustang the first vehicle of its kind. Lee Iacocca Fast Facts Born Lido Anthony Iacocca in Allentown, Pennsylvania, on October 15, 1924, to Italian immigrant parents, he would go on to lead two major American car companies. (news.financializer.com). As reported in the news.

show: The surveys also show Massachusetts Senator Elizabeth Warren gaining ground while the current Democratic frontrunner, former Vice President Joe Biden, is slipping, according to MSNBC. Vermont Senator Bernie Sanders has also lost ground, according to the new surveys.A new Quinnipiac University poll released Tuesday showed Biden still leading the Democratic primary field at 22 percent, followed closely by Harris at 20 percent. WASHINGTON - New polls show California Senator and Democratic presidential contender Kamala Harris surging after her performance in last week's first Democratic candidates' debate. Warren is in third place with 14 percent followed by Sanders at 13 percent. Warren placed third with 15 percent followed by Sanders at 14 percent. Harris also saw dramatic movement in a new CNN/SRSS poll that found her moving into second place among the Democratic contenders with 17 percent support, narrowly trailing Biden who leads with 22 percent.FILE - Democratic presidential hopeful Massachusetts Senator Elizabeth Warren participates in the first Democratic primary debate of the 2020 presidential campaign at the Adrienne Arsht Center for the Performing Arts in Miami, June 26, 2019. (news.financializer.com). As reported in the news.

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.