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

pro-brexit venture: He has pulled in just over 185,000 in donations overall since May, according to The Guardian. Johnson's haul included a donation of 100,000 from strongly pro-Brexit venture capitalist Jon Moynihan, who played a leading role in the finances of the official Vote Leave campaign. By contrast, his Tory rival to become prime minister, Jeremy Hunt, did not declare any new donations for the period. Johnson also received a combined 28,000 from digger company JCB and its Brexit-supporting chairman, Anthony Bamford. Donors to the Johnson camp also included Rosemary Sa d, the wife of billionaire philanthropist and arms deal fixer Wafic Sa d, as well as a combined 20,000 from investment firm Killik and Co, along with its founder and his wife. So far this year Johnson has received nine separate donations from JCB or Bamford. (news.financializer.com). As reported in the news.

ice creams: Beastliness, buses and blunders Boris Johnson's career in gaffes Read more As they struggled through local traders and well wishers shouting the word Boris they both realised that the ice creams were melting on a warm spring day quicker than they could be consumed, according to The Guardian. All I could think was this is going to start dripping everywhere but it won't look good if we throw them away', said Stuart, who was then the chair of the Vote Leave campaign. Surrounded by a media scrum, the backbench MPs descended together from the infamous red Vote Leave bus adorned with a pledge to spend 350m a week on a post-Brexit NHS and were handed top-heavy soft vanilla scoops on thin wafer cones. At that moment, a mature, well dressed woman walked out of the crowd and headed for Johnson. Johnson handed the ice cream over and she devoured it. This lady said Mr Johnson, may I eat the rest of your ice cream for you ', said Stuart. (news.financializer.com). As reported in the news.

karin: When he was 11, he started his campaign after seeing three rehabilitated sea turtles being released back into the ocean, according to Nine News Australia. He made a documentary alongside his mother, Karin Ecker, to show other children how bad the problem is. To improve your experience update it here News National Movie star throws support behind superhero teen's mission to save world By Lachlan Grant Associate Producer, A Current Affair7 48pm Jul 17, Arlian Ecker is on a mission to save the world from plastic pollution by campaigning to stop the use of single-use items like bottles and straws. Teenager Arlian Ecker wants to save the world from plastic pollution. On stage at the 2019 Asia Pacific Cities Summit and Mayors' Forum, held in Brisbane, Arlian told listeners, To do nothing will cost my future. A Current Affair There's a lot of plastic in our ocean and it's killing sea turtles and lots of sea life, he told A Current Affair's Chris Allen. (news.financializer.com). As reported in the news.

moments: M. Scott Mahaskey/POLITICO2020 candidate forum'Maybe all the rules are gone' Bullock tries to break through in Democratic primary We're over 200 days from any voter expressing their preference, Bullock told POLITICO. I think there's a lot of time to have moments, according to MSNBC. By ZACH MONTELLARO07/17/2019 02 10 PM EDTShare on Facebook Share on Twitter Montana Gov. Steve Bullock's argument for the presidency so far focuses less on any single policy initiative and more on his own biography. Steve Bullock on paper has a strong case for the Democratic nomination for president He's a twice-elected governor from a state Donald Trump won in 2016, he worked with a GOP-controlled legislature to expand Medicaid this year, and he is running against dark money in politics. Bullock has polled at best, at 1 percent in most national polls, and he missed the first Democratic debate last month. But so far, none of that seems to matter much to Democratic voters. (news.financializer.com). As reported in the news.

virus spread: Wednesday's announcement comes after the virus spread this week to a city of two million people .A WHO expert committee had declined on three previous occasions to advise the UN health agency to make the declaration for this outbreak, which other experts say has long met the conditions, according to Nine News Australia. The Ebola virus under a microscope. To improve your experience update it here News Health Ebola declared a global health emergency By AAP4 05am Jul 18, 2019Facebook Tweet Mail The deadly Ebola outbreak in the Democratic Republic of Congo is now an international health emergency, the World Health Organisation has announced. Boston University More than 1600 people have died since August in the second-deadliest Ebola outbreak in history, which is unfolding in a region described as a war zone. Health experts have feared this scenario for months. This week the first Ebola case was confirmed in Goma, a major regional crossroads in the Democratic Republic of Congo's northeast, on the Rwandan border, which has an international airport. (news.financializer.com). As reported in the news.

bloomberg news: The Reserve Bank of Australia on Tuesday released minutes of their July meeting, which indicated a willingness to cut interest rates which are already at historic lows further if necessary, according to Market Watch. Members judged that a further reduction in the level of interest rates would support the necessary growth in employment and incomes, and promote stronger overall economic conditions, which would in turn support a gradual increase in underlying inflation, the RBA said in its minutes. On the trade front, U.S. Treasury Secretary Steve Mnuchin said Monday that he and U.S. Trade Representative Robert Lighthizer may travel to China soon for renewed trade negotiations if phone talks with Chinese officials this week are successful, Bloomberg News reported. Japan's Nikkei NIK, -1.97% fell 0.7%, as traders returned from a holiday Monday. Australia's S&P/ASX 200 XJO, -0.36% was about flat. Hong Kong's Hang Seng Index HSI, -0.54% edged down 0.1%, while the Shanghai Composite SHCOMP, -1.04% slipped 0.2%. South Korea's Kospi 180721, -0.31% was about flat, while benchmark indexes in Taiwan Y9999, -0.27% Singapore STI, -0.30% and Indonesia JAKIDX, 0.05% were little changed. (news.financializer.com). As reported in the news.

capability review: The capability review was ordered by the government after a special inquiry into finance sector misconduct, which had sparked some criticism that regulators were asleep at the wheel, according to The Independent. Though the Royal Commission inquiry ultimately left the structure of the banking industry intact, it cost several top bankers their jobs amid allegations of rampant fee-gouging and brought intense scrutiny to the regulatory system that enabled it. The Australian Prudential Regulation Authority APRA may need more resources and an expanded armory of penalties - criminal and civil - so it can have greater flexibility when enforcing the law the independent report said. APRA has a strong preference to do things behind the scenes with regulated entities, said the report, published on Tuesday, and this limits its impact and authority. APRA, formed in 1998 to oversee the money management of banks, insurers, and pension funds, has largely restricted its mandate to regulating the amounts of cash that industry players keep in reserve to ensure they can meet their obligations. Though there were sometimes good reasons for a prudential regulator to be discreet ... APRA needs to shift the dial towards a more strategic and forceful use of communication to ensure that it maximizes its impact with regulated entities the report added. (news.financializer.com). As reported in the news.

china: The two official clarifications, issued by two ministries in close conjunction and covering foreign-invested and domestic firms, gave an authoritative footnote on something that is difficult for ordinary people to get a clear picture of, according to Global Times China. In the past two years, there has been a rising chorus in the Western media on how outbound industrial relocation added woes to the Chinese economy - already facing downward pressure from its restructuring and industrial upgrade. The statement came days after the Ministry of Commerce MOFCOM announced on July 11 that there were no large-scale withdrawals of foreign investment from China. Some individual cases of foreign companies shutting down plants in China seemed to have supported that supposition. Thousands of companies are leaving, Trump tweeted, linking the trend with the ongoing trade negotiations between the two countries. US President Donald Trump tweeted Monday that tariffs placed by his administration are having a major effect on companies wanting to leave China for non-tariff countries. (news.financializer.com). As reported in the news.

power technology: The Fukushima disaster has led to strong opinions that Japan should denuclearize, and this is still the case, according to The Japan Times. I'd like now to focus on the future of Japan's nuclear power technology. Nuclear power has been considered quite beneficial in every aspect of the so-called 3E's energy security, economy and environment of energy policy. ; But the damage from nuclear accidents can be catastrophic, in addition to the challenges posed by nuclear waste disposal. Nuclear power is, along with renewable energy, an important low-carbon power source. For Japan, which lacks fossil fuel reserves, nuclear is also highly advantageous in terms of energy security and supply stability. The International Energy Agency and the Union of Concerned Scientists, which has been deeply worried about the risks posed by nuclear power, have reported that extending the operation of the industry's existing power plants would be the cheapest countermeasure to climate change, and the undeniable fact is that nuclear power is an important element in achieving substantial progress in decarbonization. (news.financializer.com). As reported in the news.

gold gcq: But researchers have found that this ratio has a better track record than many of the more widely known valuation metrics that get the lion's share of investor attention, according to Market Watch. Consider an academic study by Darien Huang, a former finance professor at Cornell University, and Mete Kilic, an assistant professor of finance and business economics at the University of Southern California. You could be excused for thinking that gold GCQ19, -0.10%GLD, 1.65% and platinum PLV19, 0.71% prices have little to do with the stock market, much less the ratio of the one to the other. They found that the gold-platinum ratio is a good stock market predictor; a falling ratio is bad news for equities, while a rising ratio is bullish. Furthermore, the ratio is up 14% over the 12 months since I last wrote about it. As you can see from the accompanying chart, the ratio has been rising steadily and is now at its higher level in over 10 years. (news.financializer.com). As reported in the news.

percent: The growth rate is significantly lower than the same period in 2018, when outbound FDI rose 17.8 percent year-on-year, according to Global Times China. The flat growth came after the government tightened regulations on investment in areas such as real estate and entertainment after a global shopping spree by Chinese companies a few years back. In the first six months of 2019, China's outbound FDI in non-financial sectors grew by 0.1 percent year-on-year to 346.8 billion yuan 50.43 billion despite a 6.3 percent year-on-year expansion in June, data from the Ministry of Commerce MOFCOM showed. The move to tighten controls also came as domestic and external conditions weakened due to a slowing economy.. In the first half of 2019, Chinese companies conducted 161 merger and acquisition M&A deals worth 16.95 billion in 42 countries and regions, including Finland, France and Peru, according to the MOFCOM. The M&A deals were mostly in manufacturing, software and information technology sectors and there was no new deal in the real estate, sports and entertainment sectors, it said. During the period, Chinese FDI into Europe fell 26 percent year-on-year to 9 billion, with Finland seeing the most investment followed by Sweden, the UK and Italy, according to the report sent to the Global Times. Though the MOFCOM didn't provide any geographic breakdown of FDI, a report from global law firm Baker McKenzie showed that Chinese FDI into Europe slumped to a four-year low in the first half and that into North America saw just a modest increase. (news.financializer.com). As reported in the news.

dow: How are the major benchmarks performing The Dow Jones Industrial Average DJIA, -0.42% fell 23.5 points to 27,335.6, a loss of 0.1%, the S&P 500 index SPX, -0.65% dropped 0.3% to 3,004.0, shedding 10.3 points and the Nasdaq Composite index COMP, -0.46% edged 0.4% low, or a 35.4 point drop, to 8,222.8, according to Market Watch. The Dow set a new intraday high of 27,398.68.9, rising 39.6 points Tuesday morning before paring those gains. The fade came a day after major equity indexes eked out a round of all-time closing highs and as Wall Street digested a fresh, bank-heavy round of earnings reports. On Monday, the Dow gained 27.1 points, or 0.1% record of 27,359.2, the S&P 500 index added 0.6 point, or less than 0.1%, to end at 3,014.3. All three major indexes scored record closes. The Nasdaq Composite Index rose 14.0 points to reach 8,258.2, a 0.2% increase. (news.financializer.com). As reported in the news.

sound strategy: Yet when that guru is Warren Buffett, who has a track record stretching back decades, maybe riding on his coattails isn't such a terrible strategy, according to The Independent. While basing your entire portfolio on his picks might not be a sound strategy, this team of Motley Fool contributors thinks picking up one or two stocks such as Axalta Coating Systems AXTA Amazon AMZN and Restaurant Brands International QSR might not be a bad idea to copy. Rich Duprey, John Bromels, and Jamal Carnette, CFA TMFCop Jul 16, 2019 at 6 15AMConsumer Goods Playing follow-the-leader when it comes to investing can be a tricky game, and a money-losing one, because you're not inside the mind of the investing gurus and don't necessarily understand the rationale behind their stock picks. Follow this leader That could be a winning game. But Buffett also has some money in stocks that most folks have never heard of, like his 716.7 million stake in paint and coatings manufacturer Axalta Coating Systems. Image source The Motley Fool.A Buffett pick you've never heard of John Bromels Axalta Coating Systems A lot of Buffett's picks are companies that have become household names, Amazon and Burger King included. (news.financializer.com). As reported in the news.

boris: She won the support of 383 MEPs, nine votes more than required to secure an absolute majority but below the 400 threshold that would have given her a stable majority to get her policies through parliament over the next five years, according to The Guardian. She will take over from Juncker on the day that Boris Johnson, who is likely to be the next British prime minister, has said he will take the UK out of the EU with or without a deal. In a secret ballot, MEPs voted narrowly to support the German defence minister as a replacement for Jean-Claude Juncker when he steps down on 31 October. Von der Leyen said she would be open to Brexit being delayed further for a good reason although she insisted the withdrawal agreement would not be renegotiated. Confidence in a united and strong Europe, from east to west, from south to north. After the announcement of the result, she said The trust you place in me is confidence you place in Europe. (news.financializer.com). As reported in the news.

democrat: Facebook is dangerous, Ohio Sen, according to CNN. Sherrod Brown, a Democrat and ranking member on the Senate Banking Committee, said in prepared remarks to kick off a hearing on Facebook's proposal for a new digital currency, called Libra. On Tuesday, it appeared to accomplish that lofty goal for the political world, at least, as Republican and Democrat lawmakers united in bipartisan distrust of the social media giant. Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience. Martha McSally, an Arizona Republican, sounded a similarly damning note later in the hearing. Sen. (news.financializer.com). As reported in the news.

google: But Phi Bak, CEO of investment firm Exponential ETFs, thinks that investors may be taking on a little too much risk these days, according to CNN. The Nasdaq has surged nearly 25% this year as people have plowed into the so-called FAANG stocks Facebook FB Amazon AMZN Apple AAPL Netflix NFLX and to a lesser extent Google GOOGL owner Alphabet. That pretty much sums up how the market has been doing lately. Microsoft MSFT which is now worth more than 1 trillion, has also skyrocketed. More to the market than Big Tech Read More Exponential ETFs runs the Reverse Cap Weighted US Large Cap ETF RVRS a fund that's a twist on the blue chip S&P 500, which is market-weighted and has a heavy focus on FAANG. Exponential takes the S&P 500 and flips it, so smaller companies like retailers Nordstrom JWN Gap GPS and L Brands LB mall owner Macerich MAC and financial firms Jefferies JEF and Affiliated Managers Group AMG are the largest holdings instead of Big Tech. Why Google is missing out on the tech rally Bak told CNN Business that value stocks are getting left behind, as investors focus too much on the likelihood of interest rate cuts juicing the broader market which has been largely concentrated in the tech sector. (news.financializer.com). As reported in the news.

taxi drivers: Some carry a few possessions, but plenty have just a white plastic bag containing flimsy documents, according to The Independent. Some appear pleased to be back, others do not. Some are met by family members, others haggle with taxi drivers for a ride home. Nine months after a migrant caravan from Honduras drew attention to the plight of people from Central America desperate to enter the US, tens of thousands are still trying by any means to cross the border, and tens of thousands are being deported. Many say they intend to rest for a few months, then try again. Twice a week, two or three flights containing up to 300 deportees land at San Pedro Sula airport where the human cargo is quickly off-loaded. (news.financializer.com). As reported in the news.

trade representative: Right before the passing of the digital services tax, the US Trade Representative launched a Section 301 investigation of the Trade Act of 1974 into the tax bill, citing concerns that the bill could unfairly target US firms, according to Global Times China. In fact, a clash between the US and France is inevitable in the digital field. Digital service providers, with revenue exceeding 750 million euros 845 million globally and at least 25 million euros revenue generated from France, are subject to a 3 percent tax. The primary reason is attributed to the gap between the two countries in terms of digitalization. China has fewer companies engaging in the digital related business in France than the US. Therefore, it is not surprising that the US has become a thorn in France's eye. China and the US have taken the lead in digitalization while France has fallen behind. (news.financializer.com). As reported in the news.

topix index: It lost 2.32 points the previous trading day, according to The Japan Times. The Tokyo market was closed Monday for Marine Day. The 225-issue Nikkei average fell 150.65 points, or 0.69 percent, to end at 21,535.25, after rising 42.37 points Friday. ; The Topix index of all first-section issues closed down 7.57 points, or 0.48 percent, at 1,568.74. After getting off to a weak start, the market sank deeper into negative territory in the morning, weighed down by selling of wide-ranging issues amid the yen's advance against the dollar and other major currencies. In early afternoon trading, however, Tokyo stocks stopped falling thanks to apparent buying of exchange-traded funds by the Bank of Japan, some sources said. Shanghai stocks' sluggishness also dampened investor sentiment, brokers said. (news.financializer.com). As reported in the news.

visegrad: Polish Foreign Minister Jacek Czaputowicz was then scheduled to meet with Netanyahu and the leaders of the other three Visegrad members, Hungary, Slovakia and the Czech Republic instead, according to Deutsche Welle. On Monday, however, Chief of Staff Michal Dworczyk told Polish broadcaster Jedynka that the Polish delegation may not participate at all. Polish Prime Minister Mateusz Morawiecki told his Israeli counterpart, Benjamin Netanyahu, that he would not attend the Visegrad Group summit in Israel, Morawiecki's office said Sunday. Read more This is how the Visegrad Group works Poles cooperated with the Nazis' The move came after Poland's nationalist government criticized Netanyahu for saying Poles cooperated with the Nazis to kill Jews during Germany's occupation of Poland. His comments did not mean to implicate all Poles, he added. 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 Poland Warsaw Ghetto Uprising 75 years on Send Facebook Twitter google Whatsapp Tumblr linkedin stumble Digg reddit Newsvine Permalink Warsaw Ghetto Uprising 75 years on Netanyahu, who made the comments in Poland on Thursday, said he had been misquoted by Haaretz and other Israeli newspapers. (news.financializer.com). As reported in the news.

world powers: Oil tankers previously have been targeted in the wider region amid tensions between the U.S. and Iran over its unraveling nuclear deal with world powers. ; The concern about the Riah comes as Iran continues its own high-pressure campaign over its nuclear program after President Donald Trump unilaterally withdrew America from the accord over a year ago, according to The Japan Times. Recently, Iran has inched its uranium production and enrichment over the limits of its 2015 nuclear deal, trying to put more pressure on Europe to offer it better terms and allow it to sell its crude oil abroad. Iran offered no immediate comment on what happened to the Panamanian-flagged oil tanker Riah late Saturday night, though an Emirati official acknowledged the vessel sent out no distress call. However, those tensions also have seen the U.S. send thousands of additional troops, nuclear-capable B-52 bombers and advanced fighter jets into the Mideast. The Riah, a 58-meter 190-foot oil tanker, typically made trips from Dubai and Sharjah on the UAE's west coast before going through the strait and heading to Fujairah on the UAE's east coast. Mysterious attacks on oil tankers and Iran shooting down a U.S. military surveillance drone has added to the fears of an armed conflict breaking out. (news.financializer.com). As reported in the news.

missile: Speaking at the White House, Trump said a lot of progress has been made and Pompeo claimed Iran is open to negotiations over its ballistic missile program, according to CNN. For the first time, the Iranians have said that they're prepared to negotiate about their missile program, Pompeo said, adding the news came within the past several days. State Department spokesperson Morgan Ortagus couldn't clarify what Pompeo's comments were based on, saying, I think he was responding to a media report that Iran subsequently appeared to reject. We'll have this opportunity to negotiate a deal that will actually prevent Iran from getting a nuclear weapon. Read More A lot of progress has been made. Fact check Trump wrong on all 3 claims in tweet on Iran deal Trump echoed that outlook, saying the US wants to help Iran and not oust its current leadership. (news.financializer.com). As reported in the news.

human-induced emissions: Air travel is estimated to be responsible for more than 2% of global human-induced emissions, and lecturers' flights could be adding significantly to the carbon footprint of many universities, according to transport data provided voluntarily by 67 institutions, according to The Guardian. According to the 2019 Peopleand Planet University League published on Tuesday, the sector appears to be taking the issues more seriously, increasingly embedding sustainability into its teaching. And academic conferences are partly to blame. But still only 49 of 154 institutions are likely to meet the target set by the former funding agency of a 43% reduction of carbon emissions between 2005 and 2020. The lack of progress is frustrating, says Hannah Smith, the network's co-director of campaigns and research. Top and bottom 10 rankings The table compiled by People and Planet, the student-led network, scores universities out of 100 on criteria such as environmental audits and management systems, the number of staff working on the issues, ethical investment, carbon management, waste and recycling, and sustainable food. (news.financializer.com). As reported in the news.

matrix: The malware has been dubbed Agent Smith after Hugo Weaving's character from The Matrix, and experts warn it is spreading at alarming rates . Cybersecurity firm Check Point said the new variant of mobile malware has infected around 25 million devices worldwide, with many users unaware that virus is currently on their device, according to Nine News Australia. The Agent Smith malware is named after The Matrix character Supplied Disguised as a Google related application, the core part of the malware exploits various known Android vulnerabilities and automatically replaces installed apps on the device with malicious versions without the user's interaction, explained Check Point. To improve your experience update it here News Technology25 million smartphones infected with dangerous 'Agent Smith' malware By Matt Dunn Senior Producer10 43am Jul 16, of thousands of Australian Android users may have downloaded a new form malware that hides in plain sight on their smartphones. The malware is currently using its broad access to the device's resources to show fraudulent ads for financial gain, however it could be used for far more intrusive and harmful purposes such as banking credential theft and eavesdropping . Check Point added its ability to impersonate existing user-trusted popular apps created endless possibilities for this sort of malware to harm a user's device. Related Articles Oppo's 5G Reno breaks the 'cheap iPhone clone' stigma Distracted pedestrian's nail-biting close call New mobile phone app from ASIC helps you choose the right car But the access could also be used for far more intrusive and harmful purposes such as banking credential theft and eavesdropping, Check Point warned. The malware gains broad access to a device's resources and uses it to show fraudulent ads for financial gain. (news.financializer.com). As reported in the news.

month arcadia: Vornado is the landlord of Topshop's Broadway and Fifth Avenue stores, which were closed after Arcadia's US arm went into administration last month, according to The Guardian. Arcadia, which employs about 17,000 people and owns Dorothy Perkins, Miss Selfridge, Evans, Topman, Wallis and Outfit as well as Topshop and Burton, has seen sales and profits slide amid rising competition and costs as well as years of underinvestment by Green. New York-based Vornado has filed papers at the high court challenging two of the seven restructuring deals approved by Arcadia's creditors last month. Quick guide Why are UK high street retailers in trouble Show Hide What's the problem Physical retailers have been hit by a combination of changing habits, unseasonably warm weather, rising costs and broader economic problems. 2018 saw the disappearance of Toys R Us, Maplin and Poundworld as a result. The likes of Amazon have an unfair advantage because they have a lower business rate bill, which holds down costs and enables online retailers to woo shoppers with low prices. In terms of habits, shoppers are switching to buying online. (news.financializer.com). As reported in the news.

motivation speaker: The Australian endurance athlete had landed in Jakarta from Sydney last year when he was confronted with a request for cash and a five-and-a half-hour drive to a remote location by a man holding a sign with Mr Rider's name on it, according to Nine News Australia. Mr Rider, who is also a motivation speaker, had been lured to the popular island destination- at his own expense - on the promise of a lucrative TV contract. To improve your experience update it here News National Aussie athlete targeted in elaborate international entertainment scam By Kate Kachor8 24pm Jul 16, Rider first became suspicious he was the victim of an elaborate scam after being asked to hand over 4000 and spend almost six hours in a car with a stranger after stepping off a plane in Indonesia. However, as he would learn weeks after returning to Australia, it turned out to be a hollow promise of international scammers. Instagram The scam, which preys on foreigners working in the entertainment industry, is now the subject of an FBI investigation. Mr Rider, who is also a motivation speaker, had been lured to the popular island destination- at his own expense - on the promise of a lucrative TV contract. (news.financializer.com). As reported in the news.