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

materials: The investment more than doubles the commercial production capacity for Nanosys proprietary Quantum Dot materials, according to The Independent. Nanosys is a leading supplier of Quantum Dot materials and technology. Technicians operate a two-story reactor with more than 1,300 liters of capacity at Nanosys' expanded Quantum Dot manufacturing facility in Silicon Valley, CA. Source Nanosys Related CONTENTNanosys CEO Jason Hartlove to Present Opening Keynote at Quantum Dots Forum 2019Quantum Materials Receives Initial License Fee Japan's National Institute for Materials Science Researchers Review Quantum Dot Imaging Advances Graphene and Related Materials Inks Improve Solar Cells Nanosys Demonstrating Quantum Dot Innovations at Display Week 2019 ; 07.23.19Nanosys announced the completion of a multi-million-dollar investment in the company's Silicon Valley manufacturing facility. Quantum Dots are a key component of the Ultra High Definition UHD display revolution, enabling a new generation of displays to deliver vivid color, lifelike brightness and incredible power efficiency at a fraction of the cost of competing light emitting technologies. The additional production capacity will help meet the growing demand for next-generation Heavy Metal Free Quantum Dot displays for televisions, monitors and tablets. The expansion increases the production capabilities at Nanosys' 60,000 square foot Milpitas, CA plant to more than 50 tons per year of Quantum Dot materials. (news.financializer.com). As reported in the news.

offering guarantees: INCJ Ltd., a government-linked investment fund and the largest shareholder of Japan Display, will continue offering guarantees for the loans, the sources said, according to The Japan Times. The contract for loans of up to 107 billion was concluded in August 2017, and a one-year extension until next month was agreed to in August last year. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank Ltd. will extend their commitment line contract with Japan Display, currently set to expire Aug. 7, until the end of December to help the company's funding, informed sources said. ; Unless the contract is extended, Japan Display would have to repay its loans to the banks by that date. Twitter Facebook Linked In LATEST BUSINESS STORIESJapan and South Korea clash at WTO over trade row South Korea tried to bring international pressure to bear on Japan by airing its complaint regarding Tokyo's tightened export controls at the World Trade Organization WTO on Wednesday, but the... Nissan to slash 10% of global workforce after worse-than-expected 99% profit plunge Nissan Motor Co. doubled its planned job losses and unveiled new production cuts after reporting a 99 percent plunge in first-fiscal quarter operating profit, hurt by an aging product lineup and... Dollar almost unchanged at around 108.05 in Tokyo The dollar was almost flat around 108.05 in late Tokyo trading Thursday in the absence of major market-moving factors. At 5 p.m., the dollar stood at 108.05-05, against 108.03-04 at the same ... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; (news.financializer.com). As reported in the news.

percent: Most stocks edged down to a mild extent of less than 10 percent, according to Global Times China. Anji Technology, dubbed by some investors as the STAR stock king led the rally on Monday with its shares rising more than four-fold at 196 yuan 28.5 per share. As of 11 30 am, the end of the morning session, 21 of the existing 25 STAR stocks edged down, with shares of Anji Technology Co slipping furthest to 20.21 percent. On Tuesday morning, four shares rose on the STAR board. Experts shared the opinion to the Global Times that fluctuation will settle down on the STAR market after heated first-day trading. Shares of Espressif Systems surged by 15.06 percent, the strongest rise of all STAR shares. (news.financializer.com). As reported in the news.

production exports: Special attention should be paid to uncertainties over overseas economic policies and situations, including the slowing Chinese economy, the impact of U.S.-China trade issues and Britain's planned exit from the European Union, it said, according to The Japan Times. In an economic assessment earlier this year, the government said that the world's third-largest economy was likely in the midst of its longest expansion phase since the end of World War II, on the back of improving labor and wage conditions. China's slowdown has already impacted Japanese domestic production and exports to the world's second-largest economy, according to the white paper on the economy and finances for fiscal 2019. ; China, hit by contracting demand for smartphone parts, remains in a trade dispute with the United States and the spat between the world's two biggest economies is threatening to curb global growth, the annual paper said. But the white paper made no reference to that view. In April, the government went some way to dealing with the labor issue by introducing new visa statuses to allow companies to hire more foreign workers. The paper recommended that Japan should improve productivity to raise wages and address its serious labor shortage, steps that should both help boost consumer spending. (news.financializer.com). As reported in the news.

struggles u.s: Challenges in growing revenue or sales for companies can sometimes mean problems converting that shrinking top-line revenue into bottom line profit growth, according to Market Watch. The S&P 500 index trades near fair value relative to interest rates, although we believe policy uncertainty and negative revisions to 2020 earnings-per-share forecasts will limit equity upside, wrote David Kostin, chief U.S. equity analyst at Goldman Sachs. Although S&P 500 SPX, 0.47% companies have so far beaten lowered expectations for earnings-per-share, or EPS, growth, only 28% of companies are surpassing revenue growth targets, a figure that underscores a slowing American economy and the struggles U.S. firms will have expanding earnings in the quarters ahead amid valuations for stocks widely viewed as lofty, according to a Monday research note published by Goldman Sachs. The stock market's downbeat response to negative earnings surprises and guidance validates the argument that lower interest rates may not lead to higher equity prices. The S&P 500 appears fairly valued relative to the index's elevated ROE, he wrote. Kostin recommends that investors use return-on-equity ROE a measure of determining performance by dividing net profit before any nonrecurring items by common shareholder equity total assets minus total liabilities as a framework for studying profits, noting that for the S&P 500, ROE has hit 18.9% during the first quarter of 2019, it is highest level since 1998. (news.financializer.com). As reported in the news.

activists: Author Sharon Zhang Publish date Jul 23, 2019Updated on Jul 22, 2019 - - - - image Climate change activists block traffic in the London's financial district during environmental protests by the Extinction Rebellion group on April 25th, 2019, according to MSNBC. Climate change activists block traffic in the London's financial district during environmental protests by the Extinction Rebellion group on April 25th, 2019. The important question is how we can save and improve lives by spending it. Photo Daniel Leal-Olivas/AFP/Getty Images During the June Democratic primary debates, the candidates spent 15 of their 240 total minutes on climate change. Isn't that how we got into this situation in the first place ADVERTISEMENT Thanks for watching!Visit Website A few months ago, when Green New Deal think pieces were at their peak, the rallying cry on the right, and among cautious centrists, was that the single biggest problem with the plan was its price tag. Notable questions from the moderators included Does your plan save Miami How do we pay for climate mitigation and Can oil and gas companies be real partners in this fight Oil and money. (news.financializer.com). As reported in the news.

costa: You weren't told if they were organic or pesticide-free, according to The Guardian. You didn't know if they came from Costa Rica or the Dominican Republic. All you knew, if you bought a bunch in 1986, was that they cost around 97p per kilo. And you certainly weren't invited to worry about the farmers who grew them or if their children went to school, or whether their villages had clinics. Back then, the countries that grew these commodities and many others were still known as the Third World, and the habit of not caring about their farming conditions was a legacy of their colonial past. You just picked up your bananas and walked to the next aisle for your coffee or tea or chocolate, none the wiser about where they came from either, or about the people who farmed them. (news.financializer.com). As reported in the news.

custom lipstick: Kimberley and her sister Courtney founded their Lip Lab business in 2015, according to Nine News Australia. The business allowed customers to create their own unique custom lipstick, and its success has led to 14 outlets opening across the country. To improve your experience update it here News National Lip Lab beauty guru to face court over drug syndicate' charges By A Current Affair Staff7 41pm Jul 23, Treacy, a beauty entrepreneur with a multi-million-dollar cosmetic empire, could face decades in jail after she was charged with being involved in a drugs syndicate. Beauty entrepreneur Kimberley Treacy has been charged over alleged involvement in a drug syndicate. But in 2016, police found a blue Aldi freezer bag containing more than 130,000 in cash, 1.05kg of ice, and 38.kg of cocaine hidden under a rock in bushland in western Sydney, just a short walk from Kimberley Treacy's home. A Current Affair It is estimated that the company has an annual turnover of 2.8 million, and boasted high-profile customers including Amanda Keller, Roxy Jacenko, and Kara Ryan. (news.financializer.com). As reported in the news.

percentage points: In an update to its half-yearly World Economic Outlook, the IMF said it expected global growth to be 0.1 percentage points lower in both 2019 and 2020 than it envisaged in April, at 3.2% and 3.5% respectively, according to The Guardian. The Fund's country-by-country breakdown upgraded its forecast of US growth this year from 2.3% to 2.6% but downgraded China from 6.3% to 6.2%. In China, the negative effects of escalating tariffs and weakening external demand have added pressure to an economy already in the midst of a structural slowdown and needed regulatory strengthening to rein in high dependence on debt. The Washington-based IMF said the outlook was gloomier than it envisaged three months ago due to the tit-for-tat tariff war between the world's two biggest economies, Brexit uncertainty and the impact of sanctions against Iran on oil prices. Emerging and developing economies as a whole are now expected to grow by 4.1% this year a cut of 0.3 points from April with a slower pace of expansion pencilled in for Russia, India, Brazil and Mexico. Shares rose in Asia and Europe after it was reported that the US trade representative Robert Lighthizer and the treasury secretary Steven Mnuchin will meet China's vice-premier, Liu He, next week. The forecasts came amid growing optimism that the US and China could soon settle their differences. (news.financializer.com). As reported in the news.

question time: The project was proposed by Duncan Taylor, husband of the upper house Nationals MP Bronwyn Taylor, who at the time was parliamentary secretary to John Barilaro, the state Nationals leader and deputy premier, according to The Guardian. The funding of the CUCs has led to fiery exchanges in question time and has been the subject of a parliamentary demand for documents following reporting on the project by Guardian Australia. The 2016 analysis of the proposed Country Universities Centres has surfaced after a call for papers by the NSW Legislative Council. The latest documents show Barilaro pushed for the Country Universities project to be funded even though the 2016 analysis found the proposal to set up five study centres in country NSW would not deliver value for money for the taxpayer. The documents confirm that the grants 8m in 2017-18 and a further 8m in 2019 were made without tender following a direct approach by Duncan Taylor to Barilaro. Frydenberg defends decision to query if he had power to weaken grasslands protections Read more Bronwyn Taylor has said she played no role in securing the state funding for her husband's project. (news.financializer.com). As reported in the news.

african country: Ms Kahindo lives in Beni a city in the northeastern part of the DRC which experts on the ground describe as the current epicentre of the outbreak and where the majority of confirmed cases are coming from, according to The Independent. Ebola has been in Beni for almost a year now. The 42-year-old farmer has survived Ebola herself and is living in the focal point of the Ebola crisis which has wreaked havoc in the Democratic Republic of the Congo DRC and prompted the World Health Organisation WHO to declare a public health emergency of international concern in the central African country. 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.

climate change: OpenAI chief executive Sam Altman said the goal of the effort is to allow artificial intelligence to be deployed safely and securely and that its economic benefits are widely distributed, according to The Japan Times. Microsoft will become the preferred partner for commercializing new supercomputing artificial intelligence technologies developed as part of the initiative. The partnership will be devoted to developing advanced AI models on Microsoft's Azure cloud computing platform while adhering to shared principles on ethics and trust, the companies said in a joint release. ; OpenAI and Microsoft expressed a vision of artificial general intelligence AGI working with people to help solve daunting problems such as climate change. AI is one of the most transformative technologies of our time and has the potential to help solve many of our world's most pressing challenges, said Microsoft's chief executive, Satya Nadella. OpenAI was launched in 2015 with financing from tech entrepreneur Musk, Linked In founder Reid Hoffman and Peter Thiel, a co-founder of Pay Pal with Musk who has been active in technology and who is an ally of President Donald Trump. By bringing together OpenAI's breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI. A joint statement noted that OpenAI is producing a sequence of increasingly powerful AI technologies, which requires a lot of capital for computational power and that the agreement with Microsoft would help in commercializing these products. (news.financializer.com). As reported in the news.

dow components: What drove the market After a strong start to earnings season last week, investors began parsing the first of many major U.S. corporate earnings reports Monday, with 144 S&P 500 companies and a third of Dow components set to report this week, according to Market Watch. Investor optimism has been supported by a better-than-expected start to the Q2 EPS reporting season, as well as the ongoing possibility of a rate cut by the end of the month, said Sam Stovall, chief investment strategist at CFRA, in a Monday note. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, 0.65% rose 17.7 points, or 0.1%, at 27,171.9, while the S&P 500 index SPX, 0.68% advanced 8.42 points, or 0.3%, to 2,985.03, supported largely by gains in the information-technology sector up 1.2% . The Nasdaq Composite Index COMP, 0.58% gained 57.65 points, or 0.7%, to trade at 8,204.14. Stocks were bruised late last week as investors scaled back expectations for a half-point rate cut after the New York Federal Reserve emphasized that dovishly interpreted remarks by its president, John Williams, weren't about potential policy actions at the next Fed meeting. Shares of energy services firm Haliburton Co.HAL, 0.42% ended the day 9.2% higher, after the company reported second-quarter profit that topped expectations. Also, The Wall Street Journal on Friday, citing public remarks and interviews, reported Fed officials were signaling a quarter-point cut when policy makers meet July 30-31. (news.financializer.com). As reported in the news.

fracking equipment: The Houston-based contractor made the workforce cut in the region during the second quarter, while keeping its headcount elsewhere roughly the same, spokeswoman Emily Mir said. ; We recognize the changing behavior of our North American customers and are executing a new playbook to keep generating returns and free cash flow, Chief Executive Officer Jeff Miller said on the call, according to The Japan Times. What was the right playbook several years ago, when there was a different cadence and pace of customers' spend, today needs to change. The world's biggest provider of fracking equipment, including heavy duty rock-blasting pumps and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it's parked in the U.S. and Canada. Industry consultant Rystad Energy estimated in February that Halliburton and its competitors would have a year-end supply of 24.4 million horsepower for fracking, but would face demand of just 14.5 million this year. Halliburton, the worst performer in the S&P 500 Index over the past 12 months before Monday, was the day's biggest gainer in the group. Shale producers have cut spending as investors pressure the companies to return cash to shareholders after the worse oil-price crash in a generation five years ago. (news.financializer.com). As reported in the news.

dow index: Ten members of the blue-chip Dow index, including Coca-Cola Co, according to Market Watch. KO, 6.07%Caterpillar Inc. One-third of the 30 components of the Dow Jones Industrial Average DJIA, 0.65% and roughly the same share of the S&P 500 index SPX, 0.68% 144 companies, are due to report, making for one of the busiest earning stretches this season and the most frenzied for the Dow. CAT, 2.11%United Technologies Corp.UTX, 1.50%McDonald's Corp.MCD, -0.32% and Visa Inc.V, 0.18% are among the names set to report. FB, 0.02% will deliver its results July 24, with investors likely to be keenly focused on the company that has returned more than 50% so far in 2019, amid its controversial Libra coin venture. Among the S&P 500, social-media giant Facebook Inc. (news.financializer.com). As reported in the news.

google: In response, the tech firm denied it was working with Chinese military, according to Global Times China. What they accused Google of is not based on facts, but is driven by economic and other considerations. Thiel also asked why Google had made the seemingly treasonous decision to work with the Chinese military, instead of that of the US. US President Donald Trump tweeted on July 16 that Thiel knows this subject better than anyone and his administration will take a look. Attempting to put pressure on Google embodies US political farce. First, he has connections with the US intelligence community. Two things can best describe Thiel. (news.financializer.com). As reported in the news.

health official: Days after announcing that recipients of federal family planning grants would have to immediately stop referring patients for abortions, Department of Health and Human Services officials sent a rare Saturday night notice to Planned Parenthood affiliates, state governments and other organizations that they would now have two months to comply with the contentious Title X rule change, as my colleague Amy Goldstein reports, according to The Independent. That announcement came after a federal health official told more than 200 reproductive health organization leaders last week that she wanted to give providers 60 days to comply with the change once the department issued guidance on how to do so, Amy reported. Spencer Platt/Getty Images At least one family planning provider is not backing down from a plan to reject federal dollars after the Trump administration said it would delay enforcement of its new abortion rule. Maine Family Planning was one of the first organizations to say it would no longer accept federal money, withdrawing from the federal family planning grant program it has been part of for nearly five decades after the Trump administration initially said it would immediately enforce the referral ban. It does not change our decision at all, Hill told me. George Hill, the president and chief executive of the independent provider, told me the gag rule is completely at odds with our mission, and said the administration's backpedaling won't change his mind. (news.financializer.com). As reported in the news.

alliance: Labor and Centre Alliance fearthe laws go too far, according to The Guardian. The parliament's joint security committee has recommended changes to Dutton's temporary exclusion bill, including judicial oversight. Top stories Peter Dutton has set up a showdown over temporary exclusion orders, which would enable him to prevent Australian foreign fighters from returning home for up to two years. Labor will hold its shadow cabinet meeting later on Monday to consider its position on Dutton's foreign fighter bills, as well as the future drought fund bill the government plans on reintroducing to the parliament this week. In a speech late last week, Anthony Albanese said his party would back any number the government saw fit to attach to drought funding as long as it could guarantee the money would not be taken from other funding pools. Labor knocked back the legislation in the last parliament, concerned it would act as a slush fund for National party MPs, as well as take money from necessary infrastructure projects. (news.financializer.com). As reported in the news.

pubs: But government figures indicate that, while the decline has continued, the speed at which pubs are closing their doors for good has slowed considerably, according to The Guardian. Some experts have attributed this to measures that make it easier for communities to oppose developers' plans to demolish or convert pubs, as well as relief on business rates. About 13,000 closed between 2001 and 2018, which the industry has blamed on factors including high business rates, cheap supermarket alcohol, the rising minimum wage, the smoking ban and changing social habits. Slug & Lettuce owner to snap up UK's biggest pub chain for 3bn Read more There were 42,450 pubs at the beginning of 2018 but 914 fewer by the end of the year, a rate of 76 net closures a month. The commercial real estate consultancy Altus Group, which compiled the data, said government measures designed to staunch the flow of pub closures appeared to be having some effect. But 235 vanished during the first half of this year, or nearly 40 a month, according to government statistics. (news.financializer.com). As reported in the news.

star trading: Out of the 645 institutions that subscribed to the IPOs that made their debut on the market, only 77 were overseas institutions, the China Business News reported earlier this month, according to Global Times China. On Monday, all 25 debutants on the STAR Market finished the first day's trading with gains of at least 84 percent. Foreign institutions stayed on the sidelines as they are cautious toward the STAR Market, said Wu Xiaoping, a financial researcher, on Sunday. However, the majority of foreign investors missed the opportunity to make money. China is likely to encourage more foreign capital to participate in STAR trading and give such investors greater access to the bourse. It is understandable that most foreign institutional investors kept cautious about the start of trading on China's NASDAQ-style tech board, but we believe the situation will change. (news.financializer.com). As reported in the news.

investment quality: Like Fitch, Moody's affirmed Boeing's rating at the sixth-highest level of investment quality while cutting the outlook to negative. ; Financial risk relative to the company's pre-grounding profile has meaningfully increased, and the resolution and ultimate impact for Boeing, both financially and reputationally, remain unknown, Moody's said, according to The Japan Times. The grounding of Boeing's best-selling jet will clip operating margins for years to come, while posing a significant public-relations challenge that will linger into next year and beyond, Fitch said earlier in the day. The plane maker faces a 5 billion cash-flow drain this year as it continues to churn out aircraft it can't deliver until regulators around the globe clear the Max to resume commercial flights, Moody's said in a statement Monday. Uncertainty around the return to service of the Max and the growing logistical challenge of getting parked planes back in the air threaten Boeing's credit, Fitch said. Boeing's bonds were unchanged after the Fitch and Moody's reports. There's also a risk that the company will have to make costlier concessions to airlines. (news.financializer.com). As reported in the news.

nikkei nik: Japan's Nikkei 225 NIK, 0.41% closed down 0.2%, the Shanghai Composite index fell 1.3% SHCOMP, 0.80% Australia's S&P/ASX 200 XJO, 0.77% ended down 0.1%, South Korea's Kospi 180721, -0.91% closed unchanged, and Hong Kong's Hang Seng HSI, 0.26% dropped 1.3%. Taiwan's Taiex Y9999, -0.11% bucked the trend with a gain of 0.6%, along with Singapore STI, -0.20% rose 0.6%. Regulators have approved 25 companies in information technology and other fields for the STAR Market, according to Market Watch. The market, modeled on the U.S.-based NASDAQ, reflects the ruling Communist Party's desire to channel private capital into its development plans. Prices of the 25 companies listed on the Shanghai Stock Exchange's STAR Market more than doubled, with one company, Anji Microelectronics Technology Shanghai Co., Ltd. 688019, 2.38% logging a 415% advance. It gives small Chinese investors a chance to buy into tech industries that until now have turned to Wall Street to sell shares. Trading in the new market is expected to be volatile in the early going. Shares surged in early trading, thanks to massive oversubscription in IPO shares by retail investors. (news.financializer.com). As reported in the news.

trading system: Chinese President Xi Jinping held talks with Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi of the UAE, at the Great Hall of the People in Beijing on Monday, the Xinhua News Agency reported, according to Global Times China. Sheikh Mohammed bin Zayed Al Nahyan is on a state visit to China from Sunday to Tuesday. Photo Xinhua China and the United Arab Emirates UAE signed multiple agreements on Monday to enhance bilateral cooperation in sectors ranging from energy to financing under the Belt and Road Initiative BRI . Amid rising global trade protectionism, Chinese officials noted that the two nations could also work together to improve the global multilateral trading system. Hailing the UAE as China's important strategic partner in the Middle East, Xi stressed during the talks that the two will continue to promote the high-quality development of the BRI, strive to achieve bilateral trade of 200 billion by 2030, and advance demonstration projects such as the Khalifa Port Container Terminal Phase II and China-UAE Industrial Capacity Cooperation Demonstration Zone. The UAE has always been a close partner of China and an active member in the BRI, Zhang Jianping, director general with the Center for Regional Economic Cooperation under the Ministry of Commerce told the Global Times on Monday. While vowing to expand long-term, stable and comprehensive strategic cooperation in the energy sector, the two sides also signed a memorandum of understanding MOU on Monday to promote bilateral cooperation in capacity, investment and financing under the BRI. They will also encourage companies from both countries to join hands and expand the Middle East and North Africa markets. (news.financializer.com). As reported in the news.

trump: Asked if she supported a 50-basis point cut in the Fed's target range for its benchmark interest rate, Judy Shelton said Yes, according to The Independent. I would have voted for a 50-basis point cut at the June meeting, the Washington Post reported, citing an e-mail from Shelton. REUTERS/Leah Millis/File Photo WASHINGTON Reuters - An economist tapped by U.S. President Donald Trump for a governorship at the Federal Reserve called for a sharp interest rate cut at the central bank's policy meeting next week, the Washington Post reported on Monday. Trump said earlier this month Shelton, who served as an economic adviser to Trump's 2016 presidential campaign, was his pick for an open seat on the Fed's Board of Governors. A stronger economy could help Trump's bid for re-election in 2020. In recent months, the president and officials in his administration have been pressuring the independent central bank to lower borrowing costs in order to stimulate the economy. (news.financializer.com). As reported in the news.

woodford: But Woodford's involvement in the funding round failed to excite investors, according to The Guardian. Instead, shares in the FTSE-250-listed fund fell 1.6% to a new low of 53.1p. Woodford Patient Capital Trust confirmed on Monday that it was pumping 10m into Atom Bank, keeping its stake at 18%. It is part of a wider 50m fundraising by Atom Bank that also drew investment from the Spanish banking group BBVA and investment funds Perscitus and Toscafund. It is the first major investment decision made by Patient Capital since 3 June, when Woodford made the shock decision to suspend his flagship Equity Income Fund after being overwhelmed by customer withdrawals. Woodford was forced to block investors from withdrawing their money from the equity income fund in order to give himself time to sell off stakes in quoted stocks and unlisted companies that can be more difficult to sell. It followed a string of bad investments that caused the fund's performance to nosedive. (news.financializer.com). As reported in the news.

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financializer news

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