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

buzz feed: But a glimmer of hope is coming from a software company in Tokyo, according to The Japan Times. Smart News Inc. announced Monday a new investment valuing the business at 1.1 billion about 116.5 billion . ; That makes it the first unicorn startup in the news business since Buzz Feed and Vox Media Inc. achieved that status within a week of one another four years ago. Buzz Feed Inc. and Vice Media Inc., which defined a generation of news startups, dismissed hundreds of employees this year in cost-cutting maneuvers. Japan Post Capital, a fund managed by the national mail conglomerate, led the 28 million investment in Smart News. Smart News works with major publishers to offer each of its 20 million or so active users a custom news feed from various sources. The funds will not go toward hiring a bunch of reporters, though. (news.financializer.com). As reported in the news.

chinese goods: On Friday, the key market gauge plunged 453.83 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 27.58 points, or 1.80 percent, lower at 1,505.88 after losing 33.89 points Friday, according to The Japan Times. The market expanded losses in the morning on broad-based selling in the wake of falls in U.S. and European stocks on Friday. The Nikkei 225 average dived 366.87 points, or 1.74 percent, to end at 20,720.29, the lowest closing level since June 4. Investors have grown more risk-averse since China showed on Friday its intention to hit back in response to U.S. President Donald Trump's abrupt announcement the day before that Washington would slap additional tariffs on Chinese goods worth 300 billion on Sept. 1, brokers said. The yen's sharp strengthening against the dollar and falls in other Asian markets further chilled sentiment, brokers said. Investor concerns about the trade war was fueled by the Chinese yuan's plunge to an 11-year low against the dollar, because Beijing is believed to have allowed the Chinese currency's drop in a possible retaliation against Trump's move, brokers and other sources said. (news.financializer.com). As reported in the news.

australia: Methylamphetamine remains one of the most consumed and seized illicit drugs in Australia, the report released on today shows, according to Nine News Australia. The ACIC's head Michael Phelan says serious and organised criminals are at the centre of the country's illicit drug market. To improve your experience update it here News National Police seize 30 tonnes of drugs worth 5 billion By AAP5 31am Aug 6, 2019Facebook Tweet MailA record 30.6 tonnes of illicit drugs worth about 5 billion were seized across the nation in the 2017-18 financial year, the Australian Criminal Intelligence Commission says in its latest report. Methylamphetamine, widely known as ice, is one of the most consumed and seized illicit drugs in Australia AAP The estimated street value of the weight of amphetamines, MDMA, cocaine and heroin seized nationally in 2017-18 is nearly 5 billion, underlining the size of the black economy that relates to illicit drugs alone, Mr Phelan said. The report combines illicit drug data from a variety of sources including law enforcement, forensic services, health and academia. We know serious and organised crime groups continue to generate significant profits from the sale of illicit substances, with the price paid for illicit drugs in Australia among the highest in the world. (news.financializer.com). As reported in the news.

hong kong: One stock expert warned that Hong Kong's economy will be trapped in a vicious circle if the situation worsens, according to Global Times China. The Hang Seng Index slipped 2.85 percent to 26,151 points on Monday, the fourth consecutive day of losses. Photo IC Hong Kong's equity markets plummeted on Monday as civil unrest raged in the region and showed signs of escalation. Nearly 60 companies listed on the Hong Kong bourse fell by more than 10 percent, with energy shares leading the decline. Li Daxiao, chief economist at Shenzhen-based Yingda Securities, said that the plunge in Hong Kong's stock market was obviously abnormal. The Hong Kong stock market's downturn was largely caused by the chaotic and increasingly violent protests in Hong Kong in the past two months, Yang Delong, chief economist at Shenzhen-based First Seafront Fund Management Co, told the Global Times on Monday. (news.financializer.com). As reported in the news.

half way: To make the numbers add up, Chief Executive David Schwimmer will not just have to cut costs, but find new sources of growth, according to Global Times China. It's only 10 months since Refinitiv was carved out of Thomson Reuters, owner of Breakingviews, in a partial buyout worth 20 billion. The bourse operator on Thursday confirmed its plan to take over financial information purveyor Refinitiv for 27 billion, including debt. Major shareholder Blackstone has been busy slashing costs The buyout group is more than half way to its target of lowering annual expenses by 650 million. Add those figures to Refinitiv's underlying results for last year, and the data provider's EBITDA would rise to roughly 3.1 billion. Schwimmer reckons combining with LSE will enable him to slice off a further 350 million pounds a year, or about 425 million. (news.financializer.com). As reported in the news.

investor behavior: Stock buyers became too eager, too complacent, perhaps even too greedy, to sustain the rally, according to Market Watch. As columnist Mark Hulbert reports, market-timing newsletters had turned unusually bullish moreso than at any point in the past two decades, in fact. What you should know Stories of interest to Market Watch readers this past week include an unconventional explanation about why U.S. stocks have hit a rough patch namely, investor behavior. Such extreme optimism could take awhile to work off, meaning stocks would go lower, at least in the short-term. This ETF became a success story' by offering a little yield in a falling-rate world Here's the real reason U.S. stocks are losing ground right now The stock market hit a tipping point after a run of extreme bullishness, writes Mark Hulbert. Jonathan Burton INVESTING NEWS & TRENDS This ETF became a success story' by offering a little yield in a falling-rate world The success of a short-term fixed-income fund suggests investors are looking for a little extra yield wherever they can find it. (news.financializer.com). As reported in the news.

keyup listener: Thomas Cannell, president and chief executive officer of Sesen Bio, according to The Independent. I'm delighted to have Mark, Erin, Monica and Omar in these key leadership positions to help accelerate the Company's progress towards key milestones. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&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 && && Bio Strengthens Leadership Teamif window.performance window.performance.mark && && Wire August 5, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Mass.-- BUSINESS WIRE --Company Appoints Seasoned Biotech Leaders to Oversee Legal, Corporate Strategy, Financial Planning, and Business Development and Alliance Management Sesen Bio Nasdaq SESN a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, today announced the expansion of its leadership team with the appointment of experienced industry leaders to several key roles Mark R. Sullivan to General Counsel and Corporate Secretary Erin Clark to Vice President, Corporate Strategy and Investor Relations Monica Forbes to Vice President, Finance Omar Rifi to Vice President, Business Development and Alliance Management The financing in the second quarter has enabled us to build additional capabilities as we work diligently to prepare for the anticipated initiation of our BLA submission for Vicinium in the fourth quarter, said Dr. All four of these individuals not only bring impressive track records and diverse skill sets to Sesen, but also believe very strongly in our mission to save and improve the lives of patients with cancer. Mr. Mark R. Sullivan has more than 20 years of legal experience in the life sciences and healthcare industries. (news.financializer.com). As reported in the news.

market committee: Following new highs for U.S. indexes, dozens of large-cap stocks have fallen since the Federal Reserve handed a gift to investors last week, according to Market Watch. The Federal Open Market Committee surprised nobody when lowering the federal funds rate a quarter point July 31, but Federal Reserve Chairman Jerome Powell set the stage for a four-day market decline when his comments were less dovish than the market expected. What a difference a week can make. Then, with a remarkable sense of timing, after saying via Twitter that Powell let us down by not being aggressive enough in taking action to stimulate the economy, President Trump announced another round of tariffs on imports from China on Friday. The Dow Jones Industrial Average DJIA, 1.21% declined 767 points 2.9% on Monday. China in turn allowed the yuan to decline significantly against the dollar. (news.financializer.com). As reported in the news.

campaign: But his statements are prompting charges of hypocrisy because the city claims the president's political campaign owes an outstanding debt from a February campaign rally specifically, more than half a million dollars, according to MSNBC. On Monday, an El Paso city official said Trump has yet to pay. REUTERS/Leah Millis President Donald Trump publicly pledged all the support of the federal government on Saturday after 22 people were shot to death in an El Paso Walmart this weekend. According to Laura Cruz-Acosta, communications manager for the El Paso city manager's office, the president has an outstanding bill of 569,204.63 for police and public safety services associated with a February campaign rally. Become one. The Texas Tribune thanks its sponsors. (news.financializer.com). As reported in the news.

chinese goods: In response to President Trump recently announcing 10% tariffs on 300 billion in Chinese goods, China allowed the yuan to weaken and suspended purchases U.S. agricultural products, according to Xinhua China. The Chinese market has a large capacity and the prospect of importing high-quality U.S. agricultural products is bright, state-owned media Xinhua said on Monday. Trade tensions between the U.S. and China are flaring once again, and American farmers continue to bear the brunt of the implications. However, we hope the U.S. will conscientiously implement the consensus reached at the G-20 summit in Osaka, Japan between the heads of the two countries, and implement the commitments to create the necessary conditions for cooperation in the agricultural fields between the two countries. This is just another nail in the coffin, Tyler Stafslien, a North Dakota-based soybean farmer, told Yahoo Finance. America farmers were dismayed by the developments. (news.financializer.com). As reported in the news.

dollar: Bondsread more China sets the yuan midpoint at 6.9996 per dollar, slightly... China's central bank set the official midpoint reference for the yuan at 6.9996 stronger than 7 per dollar on Wednesday two days after Washington labeled Beijing a... China Marketsread more Bridgewater's Ray Dalio backs China despite trade war escalation The founder of the world's largest hedge fund has urged investors to bet on both horses in the race amid rising U.S.-China trade tensions, according to Xinhua China. Marketsread more Two tech stocks to watch after sector's worst loss in 7 months Two tech stocks to watch after sector's worst loss in 7 months Trading Nationread more Mortgage refinances spike 12% on a big rate drop, but homebuyers... Homeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed. Market Insiderread more Stock futures losses accelerate, Dow now set to open 200 points...U.S. stock index futures rolled over on Wednesday as the ongoing trade war sparked fears of a global economic slowdown.US Marketsread more August collapse in the 10-year Treasury yield picks up steam, now... The August slide in the 10-year Treasury note yield accelerated to new 2016 lows after China announced a weaker benchmark for the yuan. Real Estateread more People want a folding iPhone and will pay more for it, UBS survey...UBS said folding smartphone technology is particularly important for Apple. Politicsread moreCVS posts big earnings beat, raises full-year forecastCVS hiked its full-year forecast after beating analysts' second-quarter earnings and revenue expectations. Investingread more5 things to know before the stock market opens Wall Street cautious; bond yields fall; Ray Dalio talks up China; Disney sinks after earnings miss; Trump goes to mass shooting cities Marketsread more Trump tariffs cost US businesses 3.4 billion in June, trade... That represents a 2.4 billion increase from what businesses paid a year earlier, despite a 31% decline in imports. (news.financializer.com). As reported in the news.

shop: Chicken shop owner Jim spoke exclusively to A Current Affair, accusing KFC of trying to pluck his customers from his front door, according to Nine News Australia. The sign reads KFC only 800m away. To improve your experience update it here News National'Go Chicken Central!' Loyal customers rally against fast-food giant in chook clash By Luke Mortimer A Current Affair Producer7 49pm Aug 5, 2019Facebook Tweet Mail The loyal customers of a Melbourne chicken shop have rallied behind their favourite takeaway spot as its owner battles against a huge KFC billboard that's gone up on one of his businesses. Bucket. A Current Affair When I saw it, it was just like this Goliath of a thing on my wall, think, 'why are you here ' Jim said. Why not Chicken shop owner Jim is unhappy with a huge KFC ad on a billboard on the front of his shop. (news.financializer.com). As reported in the news.

hotel: The 95p-a-share offer is worth about 35% more than easy Hotel's closing price on Friday and values the company at 138.7m, according to The Guardian. Haji-Ioannou owns 27% of easy Hotel through his easy Group investment company, which also oversees his stake in easy Jet and other ventures. Easy Hotel's board has accepted a cash offer for the company from Ivanho Cambridge, a Canadian real estate investor, and Icamap, a property fund. He launched easy Hotel in 2004 and has a 34% stake in easy Jet worth about 1.2bn. Icamap owns 38.65% of easy Hotel and is the Aim-traded company's biggest shareholder. He said I find the offer from Icamap to be very low and I urge all other shareholders to take no action ie not accept the Icamap offer until the true value and future potential of easy Hotel can be evaluated. (news.financializer.com). As reported in the news.

market: In the first quarter, Tiger 21, a coalition of 750 members worth in excess of 75 billion, raised cash to levels not seen since 2013, according to Market Watch. Not much changed in the second quarter in terms of keeping powder dry. And by the looks of Monday's action, hell might not be too far away. The group's holding 12% in cash. As Tiger 21 President Michael Sonnenfeldt previously told Market Watch, the stock market is priced to perfection' and rising economic inequality leading to greater polarization in America and elsewhere. What has changed, however, is that these deep-pocketed investors, in the call of the day, are continuing to move away from equities and build up their positions in real estate. (news.financializer.com). As reported in the news.

materials: We want to turn the crisis into an opportunity for the materials, parts and equipment industry, Sung said, according to The Japan Times. The government said in a statement it wants to address structural weakness in South Korea's materials, parts and equipment sector, which heavily depends on a particular country. Trade minister Sung Yun-mo said the government would also financially support South Korean companies in mergers and acquisitions of foreign companies and expand tax benefits to lure more international investment, while easing labor and environmental regulations so local companies can boost production. ; South Korea plans to raise self-sufficiency for 100 key components, materials and equipment items used to make chips, displays, batteries, automobiles and other products, with a goal to stabilize supply over the next five years. South Korean President Moon Jae-in stressed the need to promote economic growth to counter Japan's trade controls. Japan can never block the leap of our economy, he said, adding that Tokyo's new clamp on exports will instead serve as a catalyst for South Koreans' resolve to build economic power. He said the peace economy is a way for South Korea to catch up with Japan economically. (news.financializer.com). As reported in the news.

p asx: It was the S&P/ASX200's worst loss since a 129-point, 2.3 per cent loss on December 10, 2018, according to The Independent. It's a tough day at the office, CMC Markets chief market analyst Michael McCarthy said. The benchmark S&P/ASX200 index finished down 128.3 points, or 1.9 per cent, to 6,640.3 points at 1615 AEST on Monday, while the broader All Ordinaries was down 135.5 points, or 1.98 per cent, to 6,710.6 points. It's just been relentless. The plunge came after China let the yuan tumble to its weakest level in a decade and asked state-owned companies to suspend US agricultural imports, in apparent retaliation for US President Donald Trump's vow to impose additional 10 per cent tariffs on Chinese exports on September 1. The market was steadily lower throughout the session and closed very close to the day's lows. (news.financializer.com). As reported in the news.

trade war: The decision was made following the US move to slap an additional 10 percent in tariffs on 300 billion worth of Chinese goods last week, according to Global Times China. The announcement from Beijing send a clear message to Washington that their latest action was unacceptable, and that China will not hesitate to take necessary countermeasures should the US follow through on the tariff hikes. Meanwhile, Chinese companies have suspended purchasing US agricultural products. The US government claimed the added tariffs would be implemented on September 1, as thorough negotiations were scheduled with both delegations in August. US stocks plummeted last Thursday after the US government announced it would continue its trade war with China. It is precisely this unilateral reversal strategy by the US that has had a severe impact on trade negotiations. (news.financializer.com). As reported in the news.

wasn t: The year 2000 was around the corner, and with it, the threat of disaster, according to The Independent. Planes were predicted to fall out of the sky and banking systems speculated to implode when the clock struck midnight on the first day of the new millennium. In 1999, the world was braced for chaos. When computer programs were first written in the 1960s, engineers had used a two-digit code for the year, leaving out the 19 . Experts worried that programs would not interpret the 00 correctly, causing catastrophic glitches and turning our electronics against us. Instead, New Year's Eve passed without incident, and Star Wars The Phantom Menace, all of a sudden, wasn't the only giant anti-climax 1999 had to offer. The Millennium Bug, as it became known, was to wreak havoc on us all, according to magazine covers and newspaper warnings. (news.financializer.com). As reported in the news.

newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook Mass shootings shake the presidential race By ANNA PALMER and JAKE SHERMAN 08/05/2019 05 52 AM EDTPresented by The weekend mass shootings that roiled America have also injected a new dynamic into the presidential race. Sign up for POLITICO Playbook today. Andres Leighton/AP Photo DRIVING THE DAYGOODNESS GRACIOUS NYT' A Fourth Texas Republican Congressman Plans to Retire in 2020 Representative Kenny Marchant of Texas is planning to announce his retirement on Monday, according to two Republican officials, becoming the fourth Republican House member from Texas in recent weeks to head for the exits rather than face re-election in 2020 in a state that is rapidly becoming more competitive. Marchant, who was first elected in 2004, won his suburban Dallas district by comfortable margins for over a decade, but last year he prevailed by only three points against a Democratic opponent who had relatively modest financial resources. Mr. (news.financializer.com). As reported in the news.

interests show: David Speirs' 2018 parliamentary register of interests show he has an investment in Macquarie Group, according to The Guardian. The South Australia's Legislative Assembly clerk's office has not yet received Speirs' 2019 disclosure, which is due by the end of the month. Macquarie Group announced on Friday its agricultural fund had acquired a 49% interest in Cubbie station, located in the Murray-Darling Basin food bowl. Murray-Darling Basin water ministers agree to independent umpire to police plan Read more The minister bought shares in Macquarie in 2015, according to his register of interests for that year. Speirs, who is also environment minister, took part in a ministerial meeting in Canberra on Sunday concerning the Murray-Darling Basin plan along with his counterparts from Victoria, Queensland, New South Wales, the Australian Capital Territory and the federal government. In March 2018 Speirs divested shares in other companies including Crown Resorts, Oil Search, Aurizon Limited and Iluka Resources. (news.financializer.com). As reported in the news.

investors: The suspension of the fund affected more than 290,000 Hargreaves customers, about a quarter of the company's investors, with savings likely to be trapped for six months, according to The Guardian. Hargreaves will report results after a bad week for Woodford, the former star fund manager and favourite of retail investors. The company has been in the spotlight for continuing to recommend Woodford's equity income fund until he blocked withdrawals on 3 June. The equity income fund's administrator said it would probably take until early December for the fundto reopen as Woodford disposes of difficult-to-sell stakes. Chris Hill, Hargreaves's chief executive, issued an apology to his customers a few days after the fund's suspension. Woodford was also revealed to have sold more than half his shares in a separate publicly traded fund whose board is considering sacking him as the asset manager. (news.financializer.com). As reported in the news.

objects: Police fired a barrage of tear gas in a bid to disperse the crowds, according to CNN. Earlier, in a separate demonstration in the eastern New Territories, a group of protesters gathered around a police station, throwing objects and breaking windows. Protesters swarmed the streets of Causeway Bay on Hong Kong Island on Sunday night, blocking key roads in the ninth consecutive weekend of political unrest. General strikes have also been organized for Monday morning, as well as demonstrations in seven different parts of the city. The city's leader, Carrie Lam, has shelved the extradition bill but not formally withdrawn it. Protesters block traffic in Causeway Bay on August 4, 2019. context Image Object name Protesters block traffic in Causeway Bay on August 4, 2019. description Protesters block traffic in Causeway Bay on August 4, 2019. url The protests began in early June in opposition to a controversial bill that would have allowed extradition to mainland China but have since extended to more ambitious demands like universal suffrage. (news.financializer.com). As reported in the news.

target: The stock decreased 0.90% or 0.73 during the last trading session, reaching 80.79, according to MSNBC. About 6.64 million shares traded or 32.94% up from the average. Tremblant Capital Group who had been investing in Target Corp for a number of months, seems to be bullish on the 41.95 billion market cap company. Target Corporation TGT has risen 6.39% since August 5, 2018 and is uptrending. Some Historical TGT News 23/03/2018 Dan DeBaun Source denies report that Target, Kroger are discussing merger; 17/04/2018 U.S. Supreme Court struggles with e-commerce sales tax case; 06/03/2018 Target 4Q Traffic Growth Reflects Healthy Increases in Stores, Digital Channels; 15/03/2018 Officer McNamara Disposes 411 Of Target Corp; 06/03/2018 Target 4Q Traffic Rose 3.2%; 06/03/2018 TARGET REPORTS PLANS TO ACCELERATE MULTIYEAR STRATEGY; 15/03/2018 Shipt and Target to Launch Same-Day Delivery in Washington, D.C. and Baltimore; 31/05/2018 Target and Shipt Launch Same-Day Delivery in Illinois; 28/03/2018 Companies interested in the locations include Target, Aldi, Big Lots and some real estate investment trusts; 06/03/2018 TARGET SAYS CAPITAL INVESTMENTS TO BE WELL OVER' 3BN IN 2018Guggenheim Capital Llc decreased its stake in Fedex Corp FDX by 18.35% based on its latest 2019Q1 regulatory filing with the SEC. Guggenheim Capital Llc sold 21,247 shares as the company's stock declined 8.13% . The institutional investor held 94,557 shares of the air freight and delivery services company at the end of 2019Q1, valued at 17.15M, down from 115,804 at the end of the previous reported quarter. It has outperformed by 6.39% the S&P500. (news.financializer.com). As reported in the news.

bay: Detailed plans for the project were unveiled in February 2019, when the government published its Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, setting out its ambitions to create a high-end manufacturing and innovation hub, while also using the project as a test bed for further opening up the economy, according to Global Times China. The development plan has implications for a range of sectors, including financial services, logistics and technology companies. Taking its inspiration from Japan's Tokyo Greater Bay Area, the San Francisco Bay Area and the New York metropolitan area in the US, the initiative aims to improve connectivity and cooperation between nine key cities in South China's Guangdong Province, Hong Kong and Macao. The project is also set to impact China's oil reserve bases and aid the internationalization of the yuan. In 2018, imports of crude oil rose by 10.1 percent year-on-year to a record 461.9 million tons. China is currently the world's largest crude oil consumer and importer. (news.financializer.com). As reported in the news.

emissions rules: Across India dealerships are being pushed out of business and the Indian auto sector is going through its biggest slump in nearly two decades, according to The Japan Times. Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55 percent the sharpest recorded fall in 18 years. There used to be close to 15-20 bookings each day, but now we're down to 3-5 on good days, said Gharpure, the general manager at the dealership. ; Gharpure's experience is not an isolated one. Preliminary data indicate passenger vehicle sales may have plunged as much as 30 percent in July. Unlike in China, where the plunge in car sales has been caused largely by new emissions rules, India has seen a mix of factors that have combined to erode demand for automobiles. The slump in India, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms and a push to develop electric cars. (news.financializer.com). As reported in the news.

p spx: That's a gain of 350% in 10 years, according to Market Watch. Talk about building wealth. Since the recession low of March 9, 2009, the S&P 500 SPX, -2.98% has rocketed from a devilish 666 to over 3,000 today. Now the bad news This incredible period of wealth creation has bypassed tens of millions of older Americans perhaps including you. That means 90% of American households own the remaining 16% of all stock. That's because get this the wealthiest 10% of households own 84% of all stocks and that includes pension plans, 401 k accounts and individual retirement accounts IRAs as well as trust funds, mutual funds and college savings programs like 529 plans. (news.financializer.com). As reported in the news.