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

support: There were a lot of discrepancies in economic matters, the letter read, according to CNN. Some of those because this administration has made public policy decisions without enough support. He tweeted a copy of the letter -- addressed to Mexican president Andr s Manuel L pez Obrador -- which suggested that the current administration's policymaking was not based on evidence or free of extremism. I am convinced that all economic policy must be carried out based on evidence, taking care of the diverse effects these decisions can have and they must be free of all extremism. Carlos Urz a Carlos UrzuaSHCP July 9, 2019 Urz a also suggested that some appointments within the administration had been made for the wrong reasons. However, during my time I did not find this was the case. var id function make Embed Script d, id var js,fjs;js id;js.charset '' ;fjs fjs ;js.src id ;Agradezco la oportunidad de haber podido servir a M xico. (news.financializer.com). As reported in the news.

january: Billionaire Tom Steyer has told staffers he plans to announce a 2020 presidential bid, a turnaround from January when he said he would not enter the race, according to Nine News Australia. Steyer, who has teased political bids before without ever launching a campaign, never fully ruled out a 2020 run despite his January announcement, according to a source familiar with the situation. To improve your experience update it here News World Billionaire Tom Steyer set to join presidential race By CNN12 53pm Jul 9, billionaire is set to throw his hat into the ring in the 2020 presidential race. Billionaire Tom Steyer is about to announce a bid for the presidency. A spokesperson for Steyer did not respond to CNN's request for comment on the billionaire's plans, which were first reported by The Atlantic. AAP The source said Steyer began planning an announcement in June and told staffers from the two organisations he funds, Need to Impeach and Next Gen, that he plans to launch a 2020 bid. (news.financializer.com). As reported in the news.

march: Both types of equipment had been requested by Taiwan, according to CNN. Taiwan's President Tsai Ing-wen said in March that the weaponry she had requested from Washington would greatly enhance our land and air capabilities, strengthen military morale and show to the world the US commitment to Taiwan's defense. Congress was notified Monday that the State Department had approved both potential sales, which include 108 M1A2T Abrams tanks, plus related equipment, and some 250 Stinger missiles. Pompeo unveils human rights commission, critics suggest it may rollback protections In response, China's Defense Ministry said Beijing was firmly opposed to US arms sales to Taiwan and US military contact with Taiwan. The Pentagon's Defense Security Cooperation Agency said that the tank sale serves US national, economic, and security interests by supporting Taiwan's continuing efforts to modernize its armed forces and to maintain a credible defensive capability. Read More The tanks are valued at up to 2 billion while the portable surface-to-air Stinger missiles are estimated to cost up to 223 million. (news.financializer.com). As reported in the news.

space: Timeline Virgin Galactic timeline Show Hide September 2004 Sir Richard Branson announces launch of Virgin Galactic, saying passengers could be flown into space by 2007-08, according to The Guardian. December 2005 A contract is signed for a new Philippe Starck-designed spaceport for Virgin Galactic in New Mexico - to take tourists to space. The Virgin tycoon is vying with SpaceX, founded by Tesla chief executive Elon Musk, and Blue Origin, owned by Amazon boss Jeff Bezos, to be the first business to provide commercial passenger flights in space. The likely flight date is now 2008. July 2007 Three people are killed in an explosion during a test of rocket systems to be used in Branson's venture. June 2006 Plans are mooted for a European base to allow flights into the Aurora Borealis, with potential flight dates of 2011-12. (news.financializer.com). As reported in the news.

welfare objectives: If created, the exchange could provide new and cheaper sources of financing for social welfare projects, while showcasing India's independence from foreign aid as it seeks to enhance its position on the world stage, according to The Guardian. It is time to take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion, Sitharaman said in her maiden budget speech on Friday. The proposal would be a radical experiment in a country characterised by stark inequality and rapid economic growth. Sitharaman's plan for a social stock exchange marks a new focus on sustainability and social impact in business, said Amit Bhatia, CEO of the Global Steering Group for Impact Investment. In the past few years, impact funds have multiplied and every major private equity firm is jumping in. Before, the main objective of investors was to maximise return, Bhatia said. (news.financializer.com). As reported in the news.

bond prices: Bond prices and yields move inversely, according to Market Watch. Read A strong economy and Fed rate cuts The stock market wants to have its cake and eat it, too' Peering into stocks on a sector level, however, suggests investors may not be as bullish as they seem at first, with defensive sectors, including real estate, utilities and have been leading the market higher in July. The S&P 500 SPX, 0.12% Dow Jones Industrial Average DJIA, -0.08% and the Nasdaq Composite Index COMP, 0.54%closed at record highs last Wednesday, suggesting investor confidence in the U.S. economy at the same time that market participants were also bidding up the prices of government bonds TMUBMUSD10Y, 1.85% typically seen as a haven for economically turbulent times. At first glance, it seems like the stock market and bond market are on totally different pages, said Willie Delwiche, investment strategist at R.W. Baird, in an interview. Need to Know Weaker growth will offset a Fed rate cut so sell stocks, warns Morgan Stanley Between July 1 and the close of trade on Friday, July 5, the S&P 500 gained 0.7%, according to Fact Set. But looking at the internals, they are a little more in harmony. (news.financializer.com). As reported in the news.

broadcaster details: There's no way of turning it off, sighs Kim's wife, Jung-sim, as she prepares breakfast, according to The Guardian. I hate technology but my husband is an early adopter. The disembodied broadcaster details new parking measures, issues with the pneumatic waste disposal chute and various building maintenance jobs to be carried out that day. He has to have everything first. It is a place where the garbage is automatically sucked away through underground pipes, where lampposts are always watching you, and where your apartment block knows to send the elevator down to greet you when it detects the arrival of your car. It was Kim's love of the latest tech that prompted him move his family to the future, or the nearest thing to it Songdo, South Korea's self-styled smart city built on a 600-hectare parcel of artificial land dredged from the Yellow Sea near Seoul's Incheon airport. (news.financializer.com). As reported in the news.

dow jones: The Nasdaq Composite Index COMP, 0.54% declined 63.41 points, or 0.8%, to end at 8,098.38, according to Market Watch. At session lows, the Dow had lost 177.25 points, or roughly 0.7%, the S&P retreated 20.29 points, also 0.7%, while the Nasdaq traded as many as 83.4 points lower, a loss of 1%. Need to Know Weaker growth will offset a Fed rate cut so sell stocks, warns Morgan Stanley Stocks scored weekly gains in last week's holiday-shortened action, with all three major indexes notching record closes on Wednesday. What are major indexes doing The Dow Jones Industrial Average DJIA, -0.08% fell 115.98 points, or 0.4%, to close at 26,806.14, while the S&P 500 index SPX, 0.12% declined 14.47 points, or 0.5%, to finish at 2,975.95. But stocks pulled back Friday to end slightly lower after a bigger-than-expected jump in June nonfarm payrolls saw traders scale back expectations for rate reductions. Analysts said testimony before Congress by Fed Chairman Jerome Powell will likely be a big driver for stocks this week. What drove the market Traders continue to look for the Federal Reserve to cut rates when policy makers meet at the end of the month, but fed-funds futures show investors cut bets for a 50 basis point reduction since Friday morning. (news.financializer.com). As reported in the news.

friday: On Friday, the key market gauge rose 43.93 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, closed 14.18 points, or 0.89 percent, lower at 1,578.40 after gaining 2.80 points Friday, according to The Japan Times. The market got off to a weak start after Wall Street fell Friday as speculation of a steep rate cut by the Fed receded following the release of a larger than expected U.S. nonfarm payroll rise in June, brokers said. The Nikkei 225 average lost 212.03 points, or 0.98 percent, to end at 21,534.35. Selling to finance dividend payouts for exchange-traded funds linked to the Nikkei and Topix in line with their settlements Monday and Wednesday also weighed on the market, brokers said. Buying was kept in check as investors took a wait-and-see stance ahead of Fed Chairman Jerome Powell's congressional testimony on Wednesday and Thursday to gauge the Fed's rate policy after the strong jobs report, an official of a brokerage house said. Both the Nikkei and Topix accelerated their downswing later in the morning and remained deep in negative territory in the afternoon, also pressured by weak performances of Shanghai and Hong Kong stocks. (news.financializer.com). As reported in the news.

government: As an ardent supporter of the nascent clean energy sector, the development of hydrogen stations for new energy vehicles was included in the Government Work Report for the first time this year, a move that Chinese industry participants see as the government's endorsement of the hydrogen energy economy, according to Global Times China. Apart from the national policy guidance from the central government, local authorities have actively rolled out plans to boost the sector. Photo VCG China has been ratcheting up investments in hydrogen energy over the past few months with central and local governments throwing considerable support and policy guidance at industry participants to explore what is widely considered a promising source of renewable energy. For instance, Wuhan, capital of Central China's Hubei Province, announced plans to build up to 20 hydrogen fueling stations, and to have 3,000 vehicles powered by hydrogen fuel cells by 2020. Many domestic automobile companies are actively laying out their hydrogen fuel cell plans. Shanghai said it will install 50 hydrogen fueling stations and produce at least 20,000 passenger hydrogen vehicles by 2025. (news.financializer.com). As reported in the news.

insurance products: On its official web portal Naenara, North Korea introduced the country's first insurance and reinsurance broker company on Friday, according to Global Times China. Founded in May 2015, the Pyongyang-based Rainbow Intermediaries provides information services to help its customers choose insurance products in the market. Pyongyang has launched business insurance firms which it hopes will help open up its economy and attract overseas funding. It also works as an intermediary to link foreign investors with local insurance companies, according to the website of Rainbow Intermediaries. The businessman, who asked for anonymity, told the Global Times that he has been doing business in the light industry sector in the country since 2004, and said that as the economy has been growing, the insurance companies were established because of the need for individuals and entities to have secure and wider insurance coverage. The new insurance intermediary shows a sign of growing complexity and competition in the commercial services within the North Korean economy, said a Chinese businessman. (news.financializer.com). As reported in the news.

ireland scotland: At a test site outside Belfast the company found that the bifacial panels can increase electricity output by almost 15% but this can be much higher if the ground beneath the panel is particularly reflective, according to The Independent. Lightsource BP is using the findings from its experiment to work with a seed company in Norfolk to find the most reflective grass type to grow underneath the solar panels. Lightsource BP hopes the bi-facial solar panels will boost the amount of renewable energy generated at its solar farms and could make them more economic in gloomier parts of Northern Ireland and Scotland. Chris Buckland, the technical director of Lightsource BP, said the team tested the panels for almost a year on lush Northern Irish grass which helped to reflect light on to the back-facing panels. The same panels positioned over white floorboards produced almost 30% more electricity than traditional panels and once the floorboards were removed to reveal dried, brown grass the output plummeted to low single-digits he said. The grass helped to produce an extra 14% of electricity, he said. (news.financializer.com). As reported in the news.

data collection: Treasurer Josh Frydenberg also indicated potential competition law changes on tech giants have been handed a report into digital platforms and their effect on data collection, privacy and the news media, according to Nine News Australia. Facebook has announced plans for a transnational currency called Libra, allowing the social media company to track users' purchases along with all the other data it already collects from mobile devices. To improve your experience update it to monitor Facebook's currency By AAP4 30pm Jul 8, regulators will make sure local consumers will be protected with checks and balances on Facebook's plans for a new online currency. In terms of new cryptocurrencies and new payment systems and the like, we obviously welcome these developments, and we've been encouraging the Fin Tech sector and doing a lot of work with them, Mr Frydenberg told reporters in Melbourne on Monday. The Australian Competition and Consumer Commission last week handed in its final report on digital platforms, with a key focus being the dominant market power Google and Facebook have in online advertising and data collection. The Libra initiative, that will be assessed by the regulators and obviously you do need to have the right checks and balances. (news.financializer.com). As reported in the news.

chapter: There's still much that's unknown about how the financier made his fortune and how he was able to remain influential for so long, according to MSNBC. In the latest chapter of the lurid saga, Epstein is charged with operating a sex-trafficking ring and paying girls as young as 14 to engage in sex acts from 2002 to 2005. Skip to Content Open Menu Open search formclose overlay Commentary Fear of a Black Mermaid Finance What Investors Should Know About Virgin Galactic, the First Publicly-Traded Space Tourism Stock Tech For Uber Riders, Guaranteed Comfort Comes at a Cost Entertainment Jay-Z Is a Cannabis Brand Strategist Now Finance Finance Who Is Jeffrey Epstein, Mysterious Millionaire Hedge Fund Manager and Accused Sex Trafficker By Terry Collins July 8, 2019Who is multi-millionaire hedge fund manager Jeffrey Epstein The 66-year-old was indicted Monday in New York on charges he operated a sex trafficking ring at his luxurious Upper East Side mansion and a home in Palm Beach, Florida. The charges carry a maximum 45-year prison sentence if convicted, Geoffrey Berman, U.S. Attorney for the Southern District of New York, said Monday. His bail hearing is set for July 15. Prosecutors have asked the judge to deny bail because Epstein's wealth makes him a flight risk. (news.financializer.com). As reported in the news.

email newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook New swing-district polling illustrates impeachment peril By ANNA PALMER, JAKE SHERMAN and DANIEL LIPPMAN 07/08/2019 05 50 AM EDTPresented by Speaker Nancy Pelosi D-Calif. speaks to reporters on Thursday, June 20. Sign up for POLITICO Playbook today. J. Scott Applewhite/AP Photo DRIVING THE DAYMUCH OF THE ATTENTION over the next two weeks will be focused on July 17, when ROBERT MUELLER comes to Capitol Hill for public testimony in front of the House Judiciary and Intelligence committees. People around Pelosi have argued that it places vulnerable Democrats in a tough spot, and puts the House in jeopardy. It's inevitable Mueller's appearance will amp up the conversation around impeachment, which had quieted down somewhat amid various other controversies.IT'S WELL DOCUMENTED that Speaker NANCY PELOSI does not believe impeaching the president is smart politics. (news.financializer.com). As reported in the news.

gold: Facebook Tweet Mail It's the Cbus sell out that never was - a rugby league test match between Australia and New Zealand that was ultimately given to Wollongong instead of the Gold Coast, according to Nine News Australia. Confidential documents reveal the Gold Coast Council made a secret play to host the end of season international between the two football powerhouses but lost out to the New South Wales coastal town due to a scheduling conflict. To improve your experience update it here News National Gold Coast missed out on NRL test match, confidential documents reveal By Brendon Wolf Reporter5 23pm Jul 8, 2019Cbus Stadium on the Gold Coast. NRL sources have confirmed the main reason the Gold Coast was passed up for the match was because it would clash with the Gold Coast 600 on October 25. However, we are actively pursuing future NRL opportunities to be held on the Gold Coast. In this instance, the City was unsuccessful in securing the event a spokesperson for the Gold Coast Council told 9Newss. (news.financializer.com). As reported in the news.

mr kelty: Mr Kelty, who ran the ACTU during the Hawke-Keating years, believes the top marginal tax rate of nearly 50 per cent is absurdly high and should be well below 40 per cent, according to Nine News Australia. There is nothing wrong in saying we are one of the highest taxing countries, we are at the highest taxing point in our history and we want to actually tell people where we are going over the next five-or-10 years, Mr Kelty told The Australian Financial Review. To improve your experience update it here News National Call to slash top tax rate goes unheeded By AAP3 14pm Jul 8, union boss Bill Kelty wants tax relief for big earners to go even further, but Treasurer Josh Frydenberg is sticking with cuts that just passed parliament. He argued cutting the top marginal tax rate should be coupled with more effective taxes on property and capital to level the playing field. It's interesting that Bill Kelty is saying this after the election, because we didn't hear that from Labor or senior people like Bill Kelty before the election, he told reporters in Melbourne on Monday. Mr Frydenberg said it would have been nice to hear from Mr Kelty during the recent federal election campaign. (news.financializer.com). As reported in the news.

time friday: The euro was at 1.1231-1231, down from 1.1267-1267, and at 121.68-68, down from 121.74-75. ; The dollar moved around 108.50 in early trading, carrying over its strength in overseas trading brought on by a better than expected U.S. government jobs report, traders said, according to The Japan Times. The greenback gradually cut early gains later and temporarily fell below 108.30 in the afternoon, weighed down by falls in Tokyo and other Asian stocks, traders said. At 5.p.m., the dollar stood at 108.33-33, up from 108.05-05 at the same time Friday. The dollar moved directionlessly in late trading amid a dearth of trading incentives. The dollar became top-heavy around 108.50 due to selling on a rally, the official said. Geopolitical risks arising from heightened tensions over Iran prompted investors to avoid risks and sell the dollar against the yen in the afternoon, an official of a foreign securities firm said. (news.financializer.com). As reported in the news.

korean unification: The website published photos and footage of Mr Choe, who is the son of former South Korean foreign minister Choe Dok-shin, reading his arrival statement at Pyongyang's international airport, 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. Uriminzokkiri, a state-run website, reported that Choe In-guk arrived in the capital Pyongyang on Saturday to dedicate his life to Korean unification at the guidance of leader Kim Jong-un. You can form your own view. Subscribe now If confirmed, the move would be a rare case of a defection to North Korea. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

market conditions: In a Friday research note, the global markets strategist for JPMorgan said one of the consequences of low interest rate policies by major central banks has been the increased frequency of surges in volatility as ill-prepared market participants, who made wagers assuming volatility would remain low, scrambled to cap their risk exposures from sharp bond-market moves, according to Market Watch. The 10-year Treasury note yield TMUBMUSD10Y, 1.85% was down 2.9 basis points to 2.015% on Monday, around 60 basis points lower from the beginning of the year, Tradeweb data show. Nikolaos Panigirtzoglou of JPMorgan said, like 2013 and 2016, bond-market bulls who piled up long positions on Treasurys and other sovereign debt earlier this year during placid market conditions could all rush for the exit door at the same time, exacerbating the next selloff. The benchmark rate tumbled after the Federal Reserve pivoted to a more dovish stance as rising U.S.-China trade tensions stalled global economic momentum. See How the quietest Treasury market in decades could take investors by surprise The same investors are forced to cut their positions when volatility rises or hit by a shock, triggering self-reinforcing, volatility induced selling Nikolaos Panigirtzoglou Panigirtzoglou said there were more market participants who were particularly sensitive to shocks to Value-at-Risk, an indicator of risks around traders' positions on any given day, such as hedge funds, risk-parity managers and commodity trading advisors. Bond prices move in the opposite direction of yields. (news.financializer.com). As reported in the news.

stocks sale: A mushroom of high-tech companies will place China in a better position to compete with the United States, as the two countries are currently engaged in a fierce contest for technology supremacy, according to Global Times China. Investors are now casting covetous eyes on an IPO subscription of stocks soon to be listed on the science and technology innovation board, reflecting domestic investors' high expectations of the new board. The authorities in Beijing aspire to raise funds directly from stocks sale to groom a boom of technology ventures in China. The first batch of the science and technology innovation board's IPO fundraising is coming to a peak period this week, with 21 technology companieslaunching IPO subscriptionsfrom Monday to Friday. The new board will officially commence public trading on July 22, the Shanghai Stock Exchange announced on Friday. Before that, between June 17 and July 3, four companies to be listed on the board have already completed IPO fundraising. (news.financializer.com). As reported in the news.

wall street: We need to do more than merely trim the perimeter like in the past, he said, before visiting the bank's London offices where redundancy packages were being handed out, according to The Japan Times. Analysts said it was high time for Deutsche Bank to stop its decades-long drive to emulate the investment titans of Wall Street. The German giant's share price fell to a low of 6.66 7.47 before closing down 5.4 percent at 6.79, following Sunday's announcement of 18,000 job losses by 2022 as the company transitions out of high-risk investment banking. ; We need to focus our bank on where we are most competitive and provide our strong businesses the oxygen to prosper while withdrawing it from others, Deutsche Bank chief executive Christian Sewing told reporters on Monday. ING analyst Suvi Platerink Kosonen said the restructuring was essential for the bank in the long run, but cautioned it entailed substantial execution risks. Attendance at Deutsche Bank's offices in the towering International Commercial Centre in Hong Kong had already fallen dramatically in recent days, Bloomberg News quoted an insider as saying. The overhaul spans the world and was felt first in Asia, where the bank is winding down its equities business from Sydney to Mumbai. (news.financializer.com). As reported in the news.

son: They were telling me like, 'No, you cannot stay here' and, 'Leave the chamber immediately with your baby.' Those words really shocked me, Ogata said, according to CNN. One councilman even began shouting at her. Instead, she set off a confrontation. Ogata was eventually forced to leave and only allowed to return after she had left her son with a friend. Tammy Duckworth and New Zealand Prime Minister Jacinda Ardern, have been celebrated for bringing their babies into the halls of power, Ogata's experience, in 2017, highlights Japan's struggle with mothers in the workplace. While globally other politicians, such as US Sen. (news.financializer.com). As reported in the news.

photo: Tati Westbrook and James Charles, according to MSNBC. Everybody's got a receipt, even if nobody knows .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; Lisa Vanderpump. (news.financializer.com). As reported in the news.

priority: We want the cleanest air, according to CNN. We want crystal clean water and that's what we're doing and that's what we're working on so hard. From day one my administration has made it a top priority to ensure that America is among the very cleanest air and cleanest water on the planet, Trump said in the East Room. During his speech, Trump held up his decision to remove the United States from the Paris Climate Agreement, the cleanup of some polluted sites around the country and the opening of some public lands for hunters as examples of positive moves made by his administration. Trump also took time to criticize the Democrat-led Green New Deal, which is a vast legislative plan aimed at fighting climate change and would remake substantial parts of the American economy. He also repeatedly emphasized the role a strong economy plays in environmental protections. (news.financializer.com). As reported in the news.

tillerson: Trump's secretary of state at the time, Rex Tillerson, was left in the dark, according to The Guardian. Tillerson only learned of the meeting two months ago, when he was interviewed for seven hours in a closed-door session with lawyers and staffers working for the House foreign affairs committee. The pair learned of a plan by the two American allies to impose a blockade on another US ally, Qatar, according to congressional staffers. Tillerson's testimony, which was made public last week, highlighted the inner workings of the Trump administration and revealed the extent to which Kushner and to a lesser degree, Bannon, who left the administration in August 2017 were conducting a shadow foreign policy. The state department's views were never expressed. When asked how he felt about being left out of such vital meetings as America's top diplomat, Tillerson told the committee It makes me angry I didn't have a say. (news.financializer.com). As reported in the news.