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

bill gates: Neilson, who has worked with figures such as Bill Gates and Richard Branson, said the fund was inspired by Swedish teenager Greta Thunberg and the Extinction Rebellion protesters in the UK in April, according to The Guardian. Neilson said the three founders were using their contacts among the global mega-rich to get a hundred times more in the weeks and months ahead. Trevor Neilson, an investor and philanthropist who has worked with some of the world's richest families, has teamed up with Rory Kennedy daughter of Robert Kennedy and Aileen Getty, whose family wealth comes from the oil industry, to launch the Climate Emergency Fund. This might be the single best chance we have to stop the greatest emergency we have ever faced, he told the Guardian. Global heating London to have climate similar to Barcelona by 2050Read more The money will initially be used to support school strike and Extinction Rebellion groups in the US, but will also be available to help seed similar groups around the world. The new fund has the author and environmentalist Bill McKibben, who set up 350.org, and David Wallace Wells, who wrote international best seller Uninhabitable Earth, on its advisory board. (news.financializer.com). As reported in the news.

boeing aircraft: The passenger jet disappeared with 239 people aboard including six Australians on March 8, 2014 while flying from Kuala Lumpur to Beijing, according to Nine News Australia. Many people remain baffled by how the modern Boeing 777 aircraft could simply vanish. To improve your experience update it here News WorldMH370 pilot in control of plane until very end', French experts suspect By Richard Wood4 56pm Jul 12, 2019Facebook Tweet Mail The pilot of doomed Malaysia Flight MH370 was in control of the passenger jet until the end French experts reportedly believe. Now analysis of flight data by French investigators support a theory that the pilot crashed the plane into the sea in a murder-suicide, reports Le Parisien. This may have lead him to turn off the oxygen supply and then crash the plane into the sea. Did Captain Zaharie Ahmad Shah deliberately fly MH370 into the ocean Picture 60 Minutes 60 Minutes The revelations based around Boeing data came after a new theory suggested pilot Captain Zaharie Ahmad Shah may have been clinically depressed. (news.financializer.com). As reported in the news.

veto: Read more Trump's national emergency at the border What you need to know Thirteen Republicans backed the resolution introduced by Democrats last week, according to Deutsche Welle. The bill will now go the Republican-controlled Senate, where its prospects of passing are uncertain. The Democrat-controlled House voted 245-182 in favor of the legislation, in a move designed to prevent Trump from diverting several billion dollars in federal funds to build a wall along the southern border. Trump plans to veto Trump has said he will issue his first veto if the bill comes to his desk for a signature. Trump and many Republicans have said the wall is needed to address a security and humanitarian crisis along the border with Mexico. Overcoming a veto requires a two-thirds vote in both chambers of Congress, an unlikely scenario. (news.financializer.com). As reported in the news.

tommy thomas: Read more Malaysia selling fugitive tycoon's 130 million superyacht Attorney General Tommy Thomas said criminal charges were filed Monday against Goldman Sachs, ex-bankers Tim Leissner and Ng Chong Hwa also known as Roger Ng Malaysian financier Low Take Jho also known as Jho Low and former 1MDB employee Jasmine Loo, according to Deutsche Welle. All are accused of making false statements in order to dishonestly misappropriate 2.7 million from the proceeds of the three bonds. The US bank has been under scrutiny for its role in helping raise 6.5 billion 5.7 billion through three bond offerings for 1MDB, a fund launched in 2009 by former Malaysian Prime Minister Najib Razak to promote economic development in the country. Thomas said the four individuals are accused of conspiring to bribe Malaysian public officials in order to procure the selection, involvement and participation of Goldman Sachs in the bond issuances. Having held themselves out as the pre-eminent global adviser/arranger for bonds, the highest standards are expected of Goldman Sachs. Thomas also said that Goldman also benefited by collecting what he claims were inflated fees of 600 million. (news.financializer.com). As reported in the news.

trade war: I don't know how this is going to shape up, according to Market Watch. What seems to be happening is that what is known as the trade war or trade conflict is one aspect of how this is being worked out, Fuss said. Fuss, an investor with 60 years of market experience, manages the 11 billion Loomis Sayles Bond Fund LSBRX, 0.15% In an interview, he told Market Watch that the uncertainty around the U.S.-China trade fight and the potential for it to intensify further, meant investors should steer clear of areas of excessive leverage in financial markets. See Here's how many points a U.S.-China trade deal is worth to the S&P 500, according to J.P. Morgan's top strategist He conceded that support by major central banks in the form of low-interest rate policies have helped prop up risk assets despite lingering questions around the global economy's health, spurring intense demand among yield-starved foreign investors for U.S. corporate bonds. But Fuss says the state of trade negotiations could change swiftly, and that's a danger investors should keep in mind. For now, investors' concerns around a trade war have waned as U.S. and China negotiators resumed talks after U.S. President Donald Trump and Chinese leader Xi Jinping met at the Group of 20 summit at the end of last month. (news.financializer.com). As reported in the news.

values operation: This includes 1 billion in funding and VW contributing its Audi 1.6 billion Autonomous Intelligent Driving unit. ; While Ford and Volkswagen remain independent and fiercely competitive in the marketplace, teaming up and working with Argo AI on this important technology allows us to deliver unmatched capability, scale and geographic reach, Ford Chief Executive Officer Jim Hackett said, according to The Japan Times. Ford shares climbed as much as 2.1 percent as of 9 40 a.m. VW will invest 2.6 billion in Ford's autonomous-car partner Argo AI in a deal that values the operation at more than 7 billion, the two manufacturers said Friday in a joint statement in New York, confirming a figure first reported by Bloomberg. Friday in New York. Unprecedented shifts facing the auto industry are forcing players to consider new partnerships and potential consolidation. VW's preferred stock was up 1.6 percent in Frankfurt. (news.financializer.com). As reported in the news.

window.performance: The new sci-fi, first-person shooter game is the first video game from the independent development studio V1, which is co-founded by Marcus Lehto, former creative director of Bungie and co-creator of Halo, according to The Independent. Further details of the game will be revealed at gamescom2019, scheduled between Aug 20 and Aug 24. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets closedS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Two's Private Division to Publish Disintegration in 2020if window.performance window.performance.mark && && Equity Research Zacks July 12, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Two Interactive TTWO arm Private Division and V1 Interactive recently announced Disintegration, which is set to launch in 2020. Take Two's Expanding Portfolio Key Catalyst Take Two's robust slate of releases that includes Ancestors The Humankind Odyssey, Borderlands 3 and The Outer Worlds is a key catalyst. Moreover, Borderlands 3 is scheduled for launch on Sep 13. Notably, Ancestors The Humankind Odyssey is set to launch on Aug 27 for PC and will be available through Epic Games Store. (news.financializer.com). As reported in the news.

cent interest: NAB's basic savings account now offer just 0.11 per cent interest, and ANZ's just 0.15 per cent, after they today reduced interest rates by between 0.15 per cent and 0.25 per cent, according to Nine News Australia. Australian savers are now staring down the barrel at zero interest rates, Canstar finance expert Steve Mickenbecker said. To improve your experience update it here News National Big banks cut savings rates after interest rate drop By AAP12 28pm Jul 12, 2019Facebook Tweet MailNAB and ANZ have both cut their savings rates again in the wake of the Reserve Bank of Australia's decision to reduce the interest rate to one per cent. There's now an expectation that the other two banks will follow ANZ and NAB's lead with similar cuts. All the banks do offer higher promotional rates of around two per cent, but those expire after a few months. The Reserve Bank of Australia cut the cash interest rate this month to one per cent. 9news The question is not if they will cut, but when and by how much, agreed Rate City.au research director Sally TIndall. (news.financializer.com). As reported in the news.

christian sewing: On the same day, we had to tell many colleagues in share trading that they had to leave, Christian Sewing told the German business daily Handelsblatt, according to The Guardian. I expect the two colleagues won't forget my call, he added, saying the London managers' behaviour in no way corresponds with our values . Quick guide What went wrong at Deutsche Bank Show Hide 1989-1999It embarks on a period of global expansion, beginning with the acquisition of merchant bank Morgan Grenfell in the UK and other European markets such as Spain, where it buys Banco de Madrid. I can't understand that someone would call tailors to fit suits on Monday. It consolidates its US operations into one, in an effort to take on the big beasts of Wall Street such as Goldman Sachs, and in 1999 it builds on its US foothold by snapping up New York-based Bankers Trust for 10bn.2001Deutsche Bank floats on the New York Stock Exchange, cementing its position as one of the major players, not just on Wall Street but in global Bank becomes a leader in mortgage-backed securities, bundling up homeowners' debt into huge packages and selling them on to investors. The bank reports its first annual loss for five decades for the 2008 financial year, losing 3.9bn.2009An internal investigation finds that the bank hired private detectives to spy on people it considered a threat including a shareholder, a journalist and a member of the public. The bank continues to sell toxic mortgage-based investments even as the market turns south and it begins betting against such products itself. (news.financializer.com). As reported in the news.

climate: Sales are being undermined by the economic slowdown, escalating trade tensions and dramatic regulatory changes, driven in part by the climate crisis, according to CNN. Profits are evaporating, jobs are being cut and the CEO of one of the industry's strongest brands has resigned. They've been under pressure for months but events over the past two weeks have underscored the urgency with which executives must find answers to the huge challenges roiling the industry. Automakers that are able to navigate the wave of disruption will have more cash to invest in technology needed to compete with traditional rivals and tech companies in the race for the electric car. These are moments of inflection and that's why there's stress on the production and employment, because the technology is changing, Ford CEO Jim Hackett told CNN Business. Laggards may not survive. (news.financializer.com). As reported in the news.

facebook: The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica, according to Nine News Australia. The probe has focused on whether the data sharing violated a 2011 consent agreement between Facebook and the regulator, a source told Reuters. To improve your experience update it in US5b settlement with US govt By AAP8 31am Jul 13, 2019Facebook Tweet Mail The US Federal Trade Commission has approved a roughly US 5 billion A7.1 billion settlement with Facebook over its investigation into the social media company's handling of user data. Investors cheered news of the deal and pushed Facebook shares up 1.8 per cent, while several powerful Democratic lawmakers in Washington condemned the proposed penalty as inadequate. The settlement would be the largest civil penalty ever paid to the agency. The FTC is expected to include in the settlement other restrictions on how Facebook treats user privacy, according to the Wall Street Journal. (news.financializer.com). As reported in the news.

heart: I was shocked that one so young would contemplate suicide, according to The Guardian. At the time I believed, or hoped, that I would never come across again a child so young and suicidal. This child is doing well but that was because I was able travel to her, in the heart of our continent, to one of our remotest regions. Recently, I dedicated long-haul support to another suicidal six-year-old child, this time in one of our large cities. Without dedicated support it is my very certain belief that some of them would not be with us today. Most recently, I have supported suicidal children, six, nine, 10, 11, 12, 13, 14 years of age. (news.financializer.com). As reported in the news.

alex branczik: The auctioneers on Thursday quoted the winning bidder as saying she was initially shocked when the work was shredded but later realized she would end up with her own piece of art history, according to Deutsche Welle. The buyer has only been identified as a female European collector and long-standing client of Sotheby's. The moment the hammer came down for Banksy's Girl With Balloon painting at the London auction house last week the bottom half of the artwork was sucked into a shredder concealed in the frame, to the astonishment of those in the saleroom. Alex Branczik, head of contemporary art for Europe at Sotheby's, said the shredded painting was the first artwork in history to have been created live during an auction. Shredded artwork 'doubles' in value experts In the wake of Banksy's prank, several experts suggested that the shredded artwork could now be worth more than double its original price. The auction house also said the artwork had been retitled Love is in the Bin and was authenticated by Banksy's agency. (news.financializer.com). As reported in the news.

bond prices: That pulled bond prices lower, sending yields sharply higher, according to The Japan Times. Banks and technology stocks led the broad gains, offsetting losses in real estate and communications services companies. The milestones came on a day when the S&P 500 briefly moved above 3,000 for the second straight day before an early rally lost some of its momentum. ; The market lost some ground after an auction of long-term U.S. government bonds failed to drum up strong demand. The latest gains extended a winning streak for stocks into its third day. Sure, 27,000 is just a number and in the whole scope of things isn't meaningful, said Ryan Detrick, senior market strategist for LPL Financial. Stocks have been trending higher for much of the week as investors have grown more confident that the Federal Reserve may cut interest rates for the first time in a decade as soon as the end of this month. (news.financializer.com). As reported in the news.

asian markets: It fell 3.57 points the previous day, according to The Japan Times. The Tokyo market opened higher, after the Dow Jones Industrial Average marked a record intraday high on Wednesday as U.S. Federal Reserve Chairman Jerome Powell suggested an interest rate cut at the Fed's policy-setting meeting to be held at the end of July. The 225-issue Nikkei average rose 110.05 points, or 0.51 percent, to end at 21,643.53, after losing 31.67 points on Wednesday. ; The Topix index of all first-section issues closed up 7.31 points, or 0.47 percent, at 1,578.63. Both the Nikkei and Topix accelerated their upswing later in the morning, supported by higher stock prices in other Asian markets, brokers said. Now that a U.S. interest rate cut is increasingly likely at a time when a cut is not absolutely necessary foreign investors apparently boosted buying of Japanese stocks in anticipation of a further rise on Wall Street, said Ryuta Otsuka, strategist at the investment information department of Toyo Securities Co. But the yen's strengthening against the dollar due to increased U.S. rate cut expectations weighed on the Tokyo stock market. (news.financializer.com). As reported in the news.

chinese economy: The National Bureau of Statistics NBS is scheduled to post second-quarter GDP data on July 15, according to Global Times China. In the first quarter of 2019, China's GDP grew by 6.4 percent year-on-year, surpassing grim expectations. While a 6.3 percent growth underscores the persistent downward pressure on the world's second-largest economy, given domestic and global challenges, it also highlights the resilience of the Chinese economy in face of pressure from massive stimulus measures, analysts noted. However, many expect that a combination of factors from China's internal economic transition to a tariff war with the US to a slowing global economy could further drag down growth in China. He forecast a 6.3 percent growth for the first half of the year. Generally speaking, second-quarter GDP growth should be relatively stable, considering all the challenges, including declining domestic and global demands, Liu Xuezhi, an economist at the Bank of Communications, told the Global Times on Thursday. (news.financializer.com). As reported in the news.

earnings season: But what had been steady and significant earnings growth has slowed or even reversed, according to Market Watch. Large U.S. banks, buttressed by strong credit quality, plenty of excess capital and a more friendly regulatory environment, are expected to buck this trend when they begin reporting July 16. As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average DJIA, 0.90% and S&P 500 index SPX, 0.46% are near recent records. Here are expected changes in earnings per share for the 11 sectors of the S&P 500, based on weighted aggregate consensus earnings estimates among analysts polled by S&P Global Market Intelligence S&P 500 sector Expected change in Q2 EPS from year- earlier Staples-0.7%Consumer Services-42.5%S&P 500 index-1.7%Source S&P Global Market Intelligence A complicated setup There are many moving parts to the earnings outlooks. Trade tensions with China have had an obvious effect on the technology sector. Years of stock buybacks have boosted EPS by reducing share counts but some companies now may wish to curtail buybacks given high share prices. (news.financializer.com). As reported in the news.

market strength: But one stock could single-handedly throw cold water on the recent market strength, warns strategist Bill Blain of London-based Shard Capital, which oversees more than 1 billion in assets, according to Market Watch. I am concerned the market is underestimating just how bad things could go for Boeing, he warned in his morning note on Wednesday. The Dow Jones Industrial Average DJIA, 0.90% S&P 500 SPX, 0.46% and Nasdaq COMP, 0.59% have all broken into record territory. When it does, the whole equity market will knee-jerk aggressively, triggering pain across all stocks. The shares are down about 3% since the second 737 Max crashed on March 10. Boeing's BA, 1.76% stock, the largest component of the Dow, finished the Wednesday session down slightly, though logged gains on Thursday, and is hovering around where it began the year. (news.financializer.com). As reported in the news.

growth: The economy will operate steadily in the second half with full-year GDP growth falling in target range, economists from the financial research center of the Bank of Communications forecast in a report released Thursday, according to Global Times China. The GDP growth target was set in the 2019 Government Work Report. Photo IC China won't have problems meeting its GDP growth target of 6-6.5 percent for 2019, according to analysts, who cited positive factors in the second half of this year such as rebounding investment and burgeoning consumption. In the first quarter, China achieved GDP growth of 6.4 percent. If the talks yield positive results in the third quarter, 2019 GDP growth would be 6.4 percent, the report noted. The Bank of Communications financial research center forecast full-year GDP growth at about 6.3 percent, floating up or down depending on the progress of China-US trade talks. (news.financializer.com). As reported in the news.

localization rewind: We are currently contacting relevant departments to understand the situation, according to Deutsche Welle. Based on current information, no one was hurt, Tesla wrote on Weibo, the main Chinese social media site. After finding out about this incident in Shanghai, we immediately sent a team to the scene. The footage, which circulated on Weibo on Sunday, shows a Tesla Model S in a Shanghai parking garage. Watch video Share ; DW PLAYER.localization rewind Back 10 seconds settings Settings hd Quality fullscreen Full screen cc Closed captions next Up Next up playlist Playlist pause Pause play Play player Video player prev Previous next Next close Close replay Replay volume Volume ; Share Tesla - The future of electric transport Send Facebook Twitter google Whatsapp Tumblr linkedin stumble Digg reddit Newsvine Permalink - The future of electric transport In March, a labeling mistake forced customs officers in Shanghai to suspend clearance for Tesla cars. It begins to emit smoke from under the hood before bursting into flames, also clearly damaging the Audi parked next to it. if !window.twttr window.twttr function d, s, id var js, fjs t window.twttr ; if d.get Element ById id return t; js d.create Element s ; js.id id; js.src fjs ; t. e ; t.ready function f t. e.push f ; ; return t; document, script twitter-wjs ; twttr.ready function twttr link Color ' 0087eb', width '550', align 'center' ; ; The incident could provide another major stumbling block to Tesla's bumpy start in the Chinese market. (news.financializer.com). As reported in the news.

media activity: At a time when the nation is ruled from a palace, when the media has essentially been taken out of action via legal and financial means, Turkey has, in effect, turned into the world's largest prison for journalists, according to Deutsche Welle. Now, a think tank known to be in Erdogan's back pocket has presented a report on foreign media showing that Turkish-speaking foreign media are the next target. Erdogan, the inventor of advanced democracy, has created a climate in which journalism has become one of the most dangerous professions in the country. Among those on the list are DW journalists who were denounced and downright blacklisted with the publication of personal information such as CVs, their ideological attitudes and their social media activity. Before Erdogan, most of the media moguls bought newspapers and television stations to put pressure on the respective governments and increase their own assets. Local media implausible A look at the AKP's media policy since it took office in 2002 helps one to understand why this threat against Turkish-speaking foreign media has now occurred. (news.financializer.com). As reported in the news.

platform fees: These are charged by online services used by financial advisers to build and manage customers' portfolios, according to The Independent. In 2017, 311bn of investments was managed on adviser platforms. New research seen by The Independent shows that 41 per cent of investors are unaware of the impact of platform fees on their investments. Adviser platforms charge on average around 0.3 per cent of the latest value of investments annually a cost that is usually passed on straight to savers and pension holders. 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. AFH Wealth Management, which commissioned the research, provides an example on a pot of 50,000, invested over 25 years and growing 5 per cent a year, the investor will fork out a hefty 12,500 in platform fees alone, in addition to payments for financial advice. (news.financializer.com). As reported in the news.

alexandria ocasio-cortez: Kudlow praised the liberal hero for challenging Federal Reserve Board of Governors Chairman Jay Powell on the Phillips Curve during a congressional hearing, according to CNN. The Phillips Curve is a long-held economic theory which suggests that low unemployment pushes wages up faster, which in turn accelerates inflation. Alexandria Ocasio-Cortez. Ocasio-Cortez said the long-held theory is no longer describing what is happening in today's economy, and Powell agreed. AOC for her question, saying she kind of nailed that. Kudlow gave Ocasio-Cortez a hats off to Ms. (news.financializer.com). As reported in the news.

brexit: However, there would still be major disruption for companies, according to The Guardian. Mark Carney, the Bank's governor, said The perceived likelihood of no-deal Brexit has increased since last year. Stating that the risk of Britain crashing out without a deal had risen, the Bank said the City of London was ready to withstand such a scenario and avoid banks failing, as they did in the financial crisis. Although the degree of preparedness for such a scenario has improved, material risks still remain. Although such disruption would primarily affect EU households and businesses, it could amplify volatility and spill back to the UK in ways that cannot be fully anticipated or mitigated, he said. He said the absence of further action by Brussels to get ready for Brexit could leave the door open to disruption for banks and their customers in the EU, while warning that the UK would face material economic disruption from a no-deal departure. (news.financializer.com). As reported in the news.

iranian tanker: A week after Britain seized an Iranian tanker accused of violating sanctions on Syria, London said the British Heritage, operated by oil company BP, had been approached in the Strait of Hormuz between Iran and the Arabian peninsula, according to Nine News Australia. HMS Montrose was forced to position herself between the Iranian vessels and British Heritage and issue verbal warnings to the Iranian vessels, which then turned away, a British government spokesman said in a statement on Thursday. To improve your experience update it here News WorldUK says prevented Iran bid to block tanker By AAP2 53am Jul 12, Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain says. It urged Iran to de-escalate the situation in the region . Iran's Foreign Minister Mohammad Javad Zarif dismissed as worthless the allegation that Iran sought to block the ship. The foes came as close as ever to direct military conflict last month, when Iran shot down a US drone and Trump ordered retaliatory air strikes, only to call them off minutes before impact. The US blames Iran for a series of attacks on shipping in the world's most important oil artery since mid-May, accusations Tehran rejects. (news.financializer.com). As reported in the news.

price crash: The latest price crash follows several weeks of extraordinary gains for bitcoin, which have seen its value rise by around 5,000 since mid June, 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. Ethereum, ripple, litecoin and bitcoin cash suffered even heavier losses than bitcoin, seeing between 10 and 20 per cent wiped from their values. You can form your own view. Subscribe now It's current value of around 11,500 still remains way above the price it started the year on, though a long way off its all-time high of close to 20,000, which it achieved in late 2017. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.