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

rush: As pictures of the inferno are beamed around the world, adjectives rain down it is atrocious, disastrous, diabolical, according to The Guardian. Barely has the fire been put out before some of the richest people in France rush to help rebuild it. One of the most ancient and holy buildings on Earth, Notre Dame cathedral in Paris, goes up in flames. From Fran ois-Henri Pinault, the ultimate owner of Gucci, comes 100m 90m . Not to be outdone, the Arnault family at Louis Vuitton put up 200m. Within just three days, France's billionaire class has coughed up nearly 600m. More of the wealthy join the bidding, as if a Damien Hirst is going under the hammer. (news.financializer.com). As reported in the news.

inequality: The proposal is red meat for the Democratic party's liberal base, which has zeroed in on Wall Street speculation as a root cause of growing economic inequality, according to CNN. Backlash from the financial industry would be an added bonus for Warren's campaign, which is keen to remind primary voters of her long record of opposing deregulation and supporting stricter rules on the big banks and other corporate lenders. In an extensive plan released two weeks ahead of the second round of Democratic presidential debates hosted by CNN, Warren is calling for the reinstatement of a modern Glass-Steagall Act, which would wall off commercial from investment banks, new restrictions on the private equity industry, and legislative action to more closely tie bank executives' pay to their companies' performance. The plan arrives as Warren climbs in most public polling of the 2020 race, placing her in firmly in a four-candidate mix -- with former Vice President Joe Biden, and Sens. In the lead-up to the 2008 crisis, I rang the alarm bell as I saw the same tricks and traps emerging in mortgages, Warren says, recalling her pre-Senate record, in a Medium post. Bernie Sanders of Vermont and Kamala Harris of California -- at the front of the pack. (news.financializer.com). As reported in the news.

real-estate purchases: The number of purchases also decreased by 31% to 183,100 purchases, according to Market Watch. Chinese buyers accounted for 13.4 billion in real-estate purchases, or roughly 17% of all sales to foreign buyers. Foreign buyers made 77.9 billion in residential purchases between April 2018 and March 2019, which represents a 36% drop from the previous year, according to data from the National Association of Realtors. In 2018, they accounted for 30.4 billion in home sales. Chinese buyers accounted for 13.4 billion in real-estate purchases, or roughly 17% of all sales to foreign buyers. Once again, the Chinese were the biggest foreign buyers of American homes. (news.financializer.com). As reported in the news.

market: Exploris, which according to the company's website possesses artificial intelligence-based diagnostic and therapeutic solutions that have passed clinical studies, is one of them, according to Global Times China. The Chinese market is very important for us because it's a huge market, Peter Ruff, CEO and founder of Swiss healthcare company Exploris, told the Global Times. Top-notch Swiss health businesses are looking for wealth from health in the Chinese market. Ruff finished his first tour of China earlier this month to dig out business opportunities. Ruff said China's development and the keenness of hospitals to seek new technologies impressed him during the tour. The tour, organized by the Swiss Embassy in China, selected 10 high-growth Swiss startups for an exclusive 10-day roadshow in the second largest economy. (news.financializer.com). As reported in the news.

quota: The agency said it will expand the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs at an opportune time, according to Global Times China. In May 2018, financial regulators in Hong Kong and the Chinese mainland quadrupled the daily quotas under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes. The comments came in response to a reported call to expand the quota of the Shenzhen-HK Stock Connect in the Guangdong Greater Bay Area's three-year plan. The increased daily quota for each of the northbound trading links will be 52 billion yuan 7.56 billion and 42 billion yuan for each of the southbound trading links. The current daily quota ranges in the billions of yuan, while the quota is set in tens of billions, according to Yao. Yao Changchun, a veteran Hong Kong stock investor based in Shenzhen, South China's Guangdong Province, told the Global Times on Thursday that transactions through the connect programs are lukewarm and there may be no need for any imminent expansion. (news.financializer.com). As reported in the news.

ritesh agarwal: Japan once was a leader in technology but has become an underdeveloped country in AI. It is in a pretty bad situation so Japan needs to awaken, Son told an audience at a company event in Tokyo. ; Among the audience were Ritesh Agarwal, CEO of Indian hotel operator Oyo Hotels & Homes, and Anthony Tan, CEO of ride-hailing company Grab Holdings Inc. of Singapore, according to The Japan Times. Oyo and Grab are among over 80 AI startups in which Soft Bank Group's 100 billion Vision Fund has invested. Chairman and CEO Masayoshi Son said Thursday that Japan has become an underdeveloped country in the use of artificial intelligence in businesses, lagging behind China, India and Southeast Asian countries that have fast-growing technology companies. The fund also supports Chinese ride-hailing giant Didi Chuxing Technology Co. and Uber Technologies Inc. As I love Japan, I want to invest in Japanese companies but the reality is that there are no unicorn AI companies in the country. The companies in China, Southeast Asia and India are growing fast by using AI, Son said. (news.financializer.com). As reported in the news.

topix index: On Wednesday, the index dropped 66.07 points. ; The Topix index of all first-section issues closed down 33.14 points, or 2.11 percent, at 1,534.27, according to The Japan Times. It shed 1.33 points the previous day. The 225-issue Nikkei dropped 422.94 points, or 1.97 percent, to end at 21,046.24, after briefly falling below the 21,000 threshold for the first time since June 18. Sentiment was battered by the yen's rise and an overnight slide in U.S. stocks following U.S. President Donald Trump's threat to impose additional tariffs on imports from China, brokers said. The stock market was also weighed down by investor concerns about Japanese companies' earnings as Trump's remarks signaled that trade tensions between the world's two largest economies will not ease anytime soon, the brokers said. A fall in Shanghai stocks and selling by hedge funds of Nikkei futures contracts accelerated the drop in Japanese stocks, they said. (news.financializer.com). As reported in the news.

marianne: Facebook Twitter Email Comment Print Continue to article content Wilfredo Lee/AP Photo Analysis How the Dems Should Blow Up Their Debates For starters, putting Marianne Williamson on stage is hurting the party's chances to unseat Trump, according to MSNBC. Here's how to scrap the rules and start over. Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. By MATT BENNETT and DAVID DE LA FUENTEJuly 18, 2019Matt Bennett is an executive vice president at Third Way, a center-left think tank. Share on Facebook Share on Twitter Girlfriend, you are so on. David de la Fuente is a senior policy adviser at Third Way, a center-left think tank. (news.financializer.com). As reported in the news.

fund: The prime minister hit back at Opposition Leader Anthony Albanese, who says the 100 million-a-year Future Drought Fund should not be fuelled by money originally allocated for infrastructure, according to Nine News Australia. Mr Morrison said no project within the government's infrastructure plan would be affected when the Building Australia Fund is repurposed for future drought projects. To improve your experience update it here News National Drought fund won't rob infrastructure PMBy AAP3 37pm Jul 18, Morrison insists a 3.9 billion drought-proofing kitty won't affect the national rollout of roads and rail lines, after Labor urged the government to find another source for the cash. He said no pavement, dam or railway sleeper would miss out if the Future Drought Fund went ahead. He is constantly looking for excuses to oppose things, the prime minister told reporters in Dubbo on Thursday. Any suggestion by Anthony Albanese that is the case is just rank misrepresentation. (news.financializer.com). As reported in the news.

loft insulation: This compares with an average of 65,000 a month in 2014, according to The Guardian. The latest figures show that in May about 10,000 properties benefited from energy efficiency measures, such as loft insulation or boiler upgrades, down sharply from about 30,000 in the same month in 2015 and 2016. The report, published on Thursday, shows that the number of energy efficiency upgrades undertaken each month has fallen to 10,000 on average for the six months to the end of May. At this rate it would take 96 years for the government to reach its own targets to reduce fuel poverty, according to the charity National Energy Action. Based on this dire progress, it would take over 96 years to help all the fuel-poor households who currently live in homes with solid walls. I've seen the future and it's Norwich the energy-saving, social housing revolution Read more Peter Smith, a director at the fuel-poverty campaign group, said the progress was a fraction of what was required to ensure 1.2m homes are renovated each year until 2035 . This is exceptionally disappointing, he said. (news.financializer.com). As reported in the news.

towers: On the same day, his obsession with iconic edifices hit a wall in Paris, where his gigantic twin towers at La D fense were rejected, according to The Guardian. Khan for once agreed with Historic England and others that the Tulip was just a lift shaft with a bulge on top a bulge with unpleasant blisters on its side. London's mayor, Sadiq Khan, has rejected Norman Foster's 1,000ft Tulip for the City of London, crowning an unhappy week for the architect. He did not like it at all. Khan even deplored the Tulip's poorly designed public space at street level . This makes his approval of Renzo Piano's bleak glass cube now rising next to Paddington station the more bizarre, situated as it is in a conservation area. Tulip' tower project in City of London vetoed by Sadiq Khan Read more For London, this was something of a surprise. (news.financializer.com). As reported in the news.

tins: It's become a common practice, with the stock sent overseas and parents say it's leaving them to cope with shortages, according to Nine News Australia. In the video, people can be seen buying the Woolworths store-limit of two tins per customer. To improve your experience update it syndicate' strips shelves of popular baby formula brands By Reece DAlessandro Reporter9 51pm Jul 18, has obtained pictures of an organised syndicate of shoppers stripping Adelaide shop shelves of popular brands of baby formula. But they do it over and over again, raising the ire of one passer-by. Supplied Within minutes the shelves are stripped of three popular brands leaving mums furious. Shoppers bulk-buying baby formula has angered parents. (news.financializer.com). As reported in the news.

hoarding gold: Twenty years after central banks in the West dumped gold in what many saw as the end of the metal's role in the global monetary system, their counterparts in emerging countries are hoarding gold at rates not seen in over 50 years, according to Deutsche Welle. Central banks bought 145.5 tons of gold in the first quarter of 2019, an increase of 68% compared with last year and the strongest first quarter since 2013, according to the World Gold Council. As safe-haven investments climbed, gold broke the 1,430 mark for the first time since September 2013, with some analysts saying the 1,500 threshold was firmly in sight. In the past four quarters, these banks have hoarded over 715 tons of the precious metal the highest that the industry-led body has ever recorded. US President Donald Trump's weaponization of economic tools in pursuit of foreign policy breakthroughs is also prompting countries to look for alternatives to the dollar as the preferred repository for world savings. The central banks stepped up buying gold following the 2008-09 global financial crisis, as they looked to diversify their foreign exchange reserves and reduce their exposure to developments in the US. The pace of purchases has picked up over the past 18 months amid sluggish growth and global uncertainty caused by trade tensions. (news.financializer.com). As reported in the news.

cents year: According to Estimize, which crowdsources projections from hedge funds, academics, and others, the average estimate is for an 8-cent loss, according to Market Watch. Revenue The Fact Set consensus calls for 359 million in revenue, while the Estimize consensus models 362 million. What to expect Earnings Analysts surveyed by Fact Set project that Snap SNAP, -2.55% lost 22 cents a share on an adjusted basis, compared with a loss of 14 cents a year earlier. A year prior, Snap posted revenue of 262 million. The stock tends to make big swings, moving by a double-digit percentage the day after seven of the nine reports. Stock movement Snap shares have only posted gains following two of the company's nine earnings reports since it went public. (news.financializer.com). As reported in the news.

drinks giant: Romania's presidency in the first half of 2019 was sponsored by Coca-Cola, with the US drinks giant's logo plastered over banners and signs at meetings, according to The Independent. One council summit in Bucharest featured Coca-Cola branded bean bag chairs, and a fridge of free drinks plastered with statistics about the company's contribution to the economy. EU countries have been raising eyebrows by doing deals with increasingly controversial multinational corporations during their stints overseeing debates at the EU council. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

gr ie: Both shoe styles will come in two different colours, with images of one sneaker showing a teal background and bright pink cherry blossoms, as seen on Ari Zona's green tea cans, 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. The beverage brand announced the collaboration on Instagram, where it revealed it is launching limited-edition versions of the Yung 1 and Continental shoe styles featuring imagery inspired by the drink cans. You can form your own view. Subscribe now The other colour motif will be inspired by the drink brand's lemon iced tea, with all of the shoes costing the same as a can of Ari Zona iced tea - 99 cents. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

light system: Source Nanoco Group Related CONTENTOsram Unveils Grow Light System for Horticulture Research Nanosys CEO Jason Hartlove to Present Opening Keynote at Quantum Dots Forum 2019Quantum Materials Receives Initial License Fee Imec Researcher Receives ERC Advanced Grant Battery Sense Project Works on Development of Next-Gen Batteries, Sensors ; 07.17.19A University of Manchester spin-out is developing nanomaterials known for their use in lighting and solar energy into new fluorescent biomarkers that could detect and improve treatment of some of the deadliest forms of cancer, according to The Independent. According to the Pancreatic Cancer Research Fund, 10,000 people are diagnosed with the disease each year in the UK. It is the fifth most common cause of cancer deaths. Nanoco Technologies' Felicia Barklund, Imad Naasani, Mike Davidson and Joe Broughton and their quantum dot material. It has the lowest survival rate of all cancers, with only 3% of those diagnosed surviving more than five years. This innovation could help with better diagnosis and treatment. Nanoco is working with Professor Sandy Mac Robert and researchers at University College London on its pancreatic cancer project. (news.financializer.com). As reported in the news.

brexit: The pound has come under intense selling pressure since Prime Minister May withdrew from her party leadership position, leaving markets with increased concern that the UK may be heading towards a harder Brexit, the bank said in a research note, according to The Guardian. Should this scenario materialise, pound-dollar could fall into the 1.00- 1.10 range. Morgan Stanley said the nervousness in financial markets over the hardline approach adopted by both Boris Johnson and Jeremy Hunt risked pushing the pound down from its current level of 1.24 to the lowest level since it almost reached parity in the mid-1980s. Morgan Stanley said that before Theresa May announced she was stepping down markets had envisaged a soft Brexit along with access to the single market or even a second referendum. Selling pressure on sterling has intensified since both Johnson and Hunt said the Northern Ireland backstop designed to keep an open border with the Republic of Ireland was dead. Markets have adjusted these probabilities sharply lower, the note added. (news.financializer.com). As reported in the news.

claims: Let's go through the 13 false claims first False Claims Caravans Trump claimed that the governments of Guatemala and Honduras were forming caravans and sending them up, according to CNN. He then elaborated on the conspiracy theory, saying that these governments were dumping hardened criminals into the caravans. He made another claim for which there is no public evidence, and he offered positive words about an ally's accusation for which there is no public evidence. Read More CNN's Facts First page And why not Why would Honduras or Guatemala or El Salvador -- why would they keep their criminals when you can put them into a caravan, lose them in a caravan, and send them up to the United States he said. It's horrible. We take everybody, because the Democrats don't allow immigration laws that mean anything. (news.financializer.com). As reported in the news.

diplomat: Iran's top diplomat also said he hasn't had any briefings on events surrounding the mysterious disappearance of a tanker in the Persian Gulf, the most recent unexplained incident involving shipping in the economically vital waterway, according to CNN. Economic terrorism' Asked by Zakaria about the possibility of a war with the US, Zarif said, you cannot simply disregard a possibility of a disaster. Zarif spoke to CNN's Fareed Zakaria Wednesday while in New York to attend meetings at the United Nations, where he described the Trump administration's maximum pressure campaign as economic terrorism for the impact it is having on ordinary Iranians. Speaking at the residence of Iran's ambassador to the UN, Zarif noted that in 1988, a US warship in the Persian Gulf shot down an Iranian civilian airliner, killing all 290 passengers. It's an economic war -- an economic war against Iran targets civilian population. Read More The US-educated foreign minister said that we all need to work in order to avoid war, but added that there is a war going on right now. (news.financializer.com). As reported in the news.

f.fbq: Black Berry is Mobile.iOS is Mobile, according to MSNBC. Opera is Mobile. Android is Mobile. Windows ; ; // Conditions Leaderboard for Mobile if !is Mobile.any leader 728x90 else leader 300x50,320x50 ; ! function f, b, e, v, n, t, s if f.fbq return; n f.fbq function n.call Method n.call Method.apply n, arguments n.queue.push arguments ; if !f. fbq f. fbq n; n.push n; n.loaded !0; n.version '2.0'; n.queue ; t b.create Element e ; t.async !0; t.src v; s s window, document, 'script', fbq 'init', '170150493416412', em 'insert email variable,' ; fbq 'track', 'Page View' ; 'js'; var a.href et site url / var mi version '7.4.2'; var mi track user true; var mi no track reason ''; var disable Str / Function to detect opted out users / function ga Tracker IsOpted Out return ' true' -1; / Disable tracking if the opt-out cookie exists. / if ga Tracker IsOpted Out window disable Str true; / Opt-out function / function ga Tracker Optout document.cookie disable Str ' true; expires Thu, 31 Dec 2099 23 59 59 UTC; path /'; window disable Str true; if mi track user function i r .q i r .q ga Tracker 'create', 'UA-3114767-2', 'auto' ; ga Tracker 'set', 'forceSSL', true ; ga Tracker 'require', 'linkid', 'linkid.js' ; ga Tracker 'set', 'dimension1', 'Samara Lynn' ; else console.log ; function / / var noopfn function return null; ; var noopnullfn function return null; ; var Tracker function return null; ; var p Tracker.prototype; p.get noopfn; p.set noopfn; p.send noopfn; var ga Tracker function var len arguments.length; if len 0 return; var f arguments len-1 ; if typeof f ! 'object' f null typeof f.hit Callback ! 'function' console.log 'Not running function ga Tracker ' arguments 0 .... because you are not being tracked. mi no track reason ; return; try f.hit Callback ; catch ex ; ga Tracker.create function return new Tracker ; ; ga Tracker.get ByName noopnullfn; ga Tracker.get All function return ; ; ga Tracker.remove noopfn; window ' ga Tracker' ga Tracker; ; window. wpemoji Settings ver 4.9.8 ; d a,b var e k.to DataURL ;return d e function e a var b;if !l 32px f a var g.concatemoji / / context http //schema.org type News Article main Entity OfPage type Web Page id headline WATCH Joy Reid Breaks Down Toxic Politics - The Black Enterprise Interview date Published date Modified author type Person name Samara Lynn description American politics have become grotesque. Joy Reid addresses that very question and much more about the current state of politics in this exclusive interview with Black Enterprise. image type Image Object url width 1000, height 560 publisher type Organization name Black Enterprise speakable type xpath /html/head/title if top! self function resize Iframe try var frame window.frame Element; if frame.height 400 frame.height 90; else frame.height 400; catch e resize Iframe ; context http //schema.org type News Media Organization id contact Point type Contact Point telephone 1-212-242-8000 contact Type customer service email area Served US available Language English same As founding Date 2011-09-18 url masthead name Black Enterprise logo type Image Object url Women of PowerSOAR Empowerment SeriesFWDBlack Men Xcel Tech Conne XtAmerican Black Film FestivalABFF January-March 2019 ; ; ; be ixf; php sdk; php sdk 1.4.1822 msiy 2019; im 07; id 19; ih 00; imh 54; pm 06; pd 21; ph 12; pmh 43; bec-built-in 1.0.1; bodystrpn tstr Fri Jul 19 00 54 09 PST 2019; pn epoch 15635228490660 msbe ixf; php sdk; // Desktop Tablet 1x1s if !is Mobile.any AdServer.place Ad sz 1x1 dcopt ist pos 1 AdServer.place Ad sz 1x1 dcopt ist pos 2 else // Mobile 1x1s AdServer.place Ad sz 1x1 dcopt ist pos 3 AdServer.place Ad sz 1x1 dcopt ist pos 4 AdServer.place Ad sz leader, pos 1 ; document.cookie catid ;path / ; Women of PowerSOAR Empowerment SeriesFWDBlack Men Xcel Tech Conne XtAmerican Black Film FestivalABFF // AdServer.place Ad // sz 970x250 // pos 1 // ; WATCH Joy Reid Breaks Down Toxic Politics The Black Enterprise Interviewby Samara Lynn July 16, 2019 Black Enterprise On her weekend MSNBC show, AM Joy, Joy Reid delivers political insight with surgical precision. And many wonder if America will recover from the current administration. (news.financializer.com). As reported in the news.

over-raised funds: However, as time draws near for the science and technology innovation board to officially commence public trading, the market is becoming increasingly alert to some abnormal phenomena during the new board's IPO entrants in recent days, triggering discussions among experts and industry insiders on domestic media platforms, according to Global Times China. In particular, doubts have been raised about the three highs during IPO fundraising on the new high-tech board, namely, the high price earnings ratio, high IPO price and high over-raised funds. Photo IC China's much-anticipated stock trading board for high-tech startups is off to a bounding start, as capital floods the new board with rising public anticipation for returns. Experts and industry professionals have expressed other worries, such as China's law enforcement capabilities against board regulation violations, as well as long-term investment values of high-tech companies on the board. Of the 25 science and technology innovation board companies that have completed IPO fundraising thus far, the average price earnings ratio, or P/E ratio, is 53.4. Three highs Statistics show that on the new board, three highs are becoming a common occurrence. (news.financializer.com). As reported in the news.

re investor: Here are 10 things you should know. 1, according to Market Watch. What exactly is diversification Think of the concept of variety. If you're not sure exactly what diversification is, or how to make it work for you, you're in the right place. If you're an investor, diversification is the act of and the result of achieving variety in the things that make up your portfolio. Don't put all your eggs in one basket sums it up. Holding a variety of assets reduces your portfolio's overall level of risk. (news.financializer.com). As reported in the news.

hong: Budweiser Brewing Co APAC, the Asia-Pacific business of Anheuser-Busch InBev, canceled its fundraising on the Hong Kong bourse, Reuters reported, according to Global Times China. This move followed several other companies delaying their Hong Kong listing plans, which sparked concerns about whether the SAR has been losing its edge amid repeated social protests over the past month, some of which have turned to be violent. However, the special administrative region SAR as a global financial hub and the freest market, is expected to remain competitive under the policy of one country, two systems, business representatives said. Logistics developer ESR Cayman said last week that it would postpone its listing on the Stock Exchange of Hong Kong HKEX and some analysts said that market sentiment dimmed after the protests. Recent demonstrations by radical activists have imposed challenges on the social governance of Hong Kong, which, to some extent, will affect investors' confidence in the capital market and weaken its role in the world economy, Dong Shaopeng, an expert advisor for the China Securities Regulatory Commission, told the Global Times on Wednesday. Companies have concerns over the timing of fundraising in the city, the South China Morning Post reported. (news.financializer.com). As reported in the news.

trade protectionism: In contrast, China's exports within the same period have been fluctuating and waning, according to Global Times China. Some are worried about industries withdrawing from China. Against the backdrop of a global economic slowdown and sprawling trade protectionism, this export performance has outshone other countries. However, there is no need to get too anxious. According to data from the General Statistics Office of Vietnam, Vietnam's exports to the US went up 28 percent in the first five months this year, taking up almost 80 percent of the total export increase. First, the statistics of Vietnamese exports may have been exaggerated. (news.financializer.com). As reported in the news.

women campaign: She later sold The Corcoran Group for 66 million in 2001, according to Market Watch. With 72% of female business owners saying lack of capital is a top challenge, the millionaire investor on ABC's Shark Tank wants to help young female entrepreneurs get the funding they need to grow. The 70-year-old self-made businesswoman quit her job as a waitress in her 20s to start her New York City real estate brokerage businesses with just a 1,000 loan. She teamed up with iFund Women, a crowdfunding platform for female entrepreneurs and Systane, an eye drops brand, for its Real Relief for Visionary Women campaign to provide 10 women business owners 5,000 grants and mentorship to help build their companies. Market Watch Based on your experience on Shark Tank,' what's the key to a successful product pitch Barbara Corcoran If they can't persuade me, I'm not going to be on that deal. She tells Market Watch what it takes to run a business from scratch, and the product she invested 50,000 of her money on Shark Tank in that made her 30 million in a year and a half. (news.financializer.com). As reported in the news.