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

ban huawei: Brazil is confronted with a daunting challenge in restarting the process of industrialization, but Huawei's investment can be deemed as leverage to create momentum for Brazil's next round of economic growth, according to Global Times China. Huawei reportedly plans to produce 5G-enabled smartphones at its new plant in Brazil. Huawei can help Brazil gain ground in the race to the forefront of 5G technologies, advancing the diversification of manufacturing in the Americas. Once 5G-related manufacturing becomes a reality in Brazil, the country's economy will gain new impetus. Although the US has asked countries to ban Huawei outright, Brazil said in June that it would not exclude the company from its 5G network. Huawei's investment is likely to directly and indirectly add thousands of jobs in Brazil. (news.financializer.com). As reported in the news.

bighead silver: Our study indicates that the carp can survive and grow in much larger areas of the lake than previous studies suggested, Alsip said, according to The Japan Times. Asian carp were imported in the late 1960s to gobble up algae in Deep South sewage lagoons and fish farms. A study led by University of Michigan researchers found that despite a drop-off in plankton, the tiny plants and animals on which bighead and silver carp typically feed, the lake has enough dietary options to sustain individual fish that venture away from nutrient-rich shoreline areas where most would congregate. ; That improves their prospects for colonizing large sections of Lake Michigan and eventually spreading to the other Great Lakes, said Peter Alsip, an ecological modeling data analyst and lead author of the paper published in the journal Freshwater Biology. They escaped into the Mississippi River and have migrated northward, branching into dozens of tributaries. They have become the primary fish species in the Illinois River, which forms part of an aquatic pathway that leads to Lake Michigan through a Chicago-area network of rivers and canals. Prolific breeders and voracious eaters, the invaders compete with native fish for food and habitat. (news.financializer.com). As reported in the news.

british colony: Many wore eye-patches to show their solidarity with a female protester who reportedly was hit in the eye by a projectile fired by police. ; The protests, which have seen both sides adopt increasingly extreme tactics, had until Monday been mostly confined to neighborhoods across the former British colony, according to The Japan Times. But the airport protest, which caused the cancellation of more than 150 flights, was a rare case of the movement having a direct impact on business travel and tourism mainstays of the Asian business center's economy. Thousands of supporters of the largely leaderless pro-democracy protest movement descended on the terminal in an effort to get the message out to the world about their struggle and the harsh tactics used by police. Analysts said it could make foreign investors think twice about setting up shop in Hong Kong, which has long prided itself as being Asia's leading business city with convenient air links for executives traveling across the region. Those investors that haven't already done so are beginning to question the utility of being based in the territory. The level of political risk associated with operating in Hong Kong is unprecedently high and the situation isn't simply a flash in the pan, said Hugo Brennan, principal Asia analyst at global risk consultancy Veritas Maplecroft. (news.financializer.com). As reported in the news.

code system: The government will further relax market access restrictions and cut the number of items on the negative list, according to Global Times China. No additional hidden restrictions or limits are allowed, read the statement by the State Council. The new list is among a series of key plans announced by the General Office of the State Council on Monday in a bid to deepen reforms to simplify procedures, decentralize power, enhance supervision, optimize public services and improve business climate. Beijing will promote the management model of one list for the whole country and establish a nationwide code system for the list. China has introduced market access negative list since rolling out the first edition of the list in December 2018. Local departments are forbidden to establish separate market access negative lists, the statement said. (news.financializer.com). As reported in the news.

data offerings: It has 1.1 million fewer active data subscribers, although postpaid customers increased marginally by 0.1 percent to 5.6 million, according to The Independent. MTN chief executive Rob Shuter said that the 1GB promotion had contributed to the decline. Photo Simphiwe JOHANNESBURG MTN lost almost 2 million subscribers in South Africa in the six months to June and service revenue growth slowed by 3.3 percent in a stubbornly weak economy.MTN, Africa's telecoms giant, said it had 1.9 million less local subscribers compared to December, bringing the total subscribers to 29.2 million in the period under review, as price sensitive consumers opted for cheaper data offerings. We had our famous 1GB promotion, which we decided was not generating value and we pulled it out of the market.A lot of those SIMs have since become dormant and contributed to the drop in prepaid users, he said. We are evaluating a sustainable solution to the agreement with Cell C, Shuter said. Shuter said delayed payments under the network roaming agreement with Cell C resulted in a R393 million impairment. (news.financializer.com). As reported in the news.

donald trump: Significant wage increases, booming corporate profits, and double-digit stock grains SPX, 1.48% are not likely in the months leading up to the presidential election, according to Market Watch. Lackluster economies sunk the re-election hopes of Jimmy Carter and George H.W. Bush. Second-quarter growth was only 2.1% and is not likely to return to 3% on a sustained basis. Donald Trump's failure to deliver meaningful health-care reform and the pain inflicted on Midwestern farmers by Chinese retaliation against his tariffs make matters worse. His trade wars notwithstanding, China and Europe are stuck in the mud and saddled by political dysfunction. Forces having nothing to do with who occupies the oval office, negatively affect U.S. growth. (news.financializer.com). As reported in the news.

friday trading: The stock has tumbled 37.1% over the year to date while the Amplify Online Retail ETF IBUY, 0.51% has gained 23.3% and the S&P 500 index SPX, 1.48% has rallied 15.2%. Farfetch reported wider-than-expected second-quarter losses and announced the 675 million acquisition of New Guards Group, a platform that has launched a number of luxury brands, including Off White and Palm Angels, according to Market Watch. Off White is already one of the top 10 most popular brands on Farfetch, according to the announcement. Farfetch FTCH, 5.26% shares closed Friday down 44.5% in Friday trading, en route to the biggest one-day percentage decline since the company began trading in September 2018. Read Sears to start liquidation sales at these 26 stores next week The acquisition allows the company to add a brand platform to its existing platforms technology, data and logistics, said Jos Manuel Ferreira Neves, Farfetch's chief executive, on the earnings call, according to Fact Set. This is the latest in a string of acquisitions for Farfetch over the past year including Stadium Goods in December 2012 and Toplife in February. Neves said Farfetch plans to relaunch the Off White website on its site in the fourth quarter, including in China. (news.financializer.com). As reported in the news.

centre-right president: Fern ndez dominated the poll against the centre-right president, Mauricio Macri, who has struggled to revitalise the economy and curtail high inflation, according to The Guardian. The presidential election is due to take place next month. A stronger than expected victory for Alberto Fern ndez, whose running mate is the former populist leader, triggered a 30% fall in the value of the peso, which hit a fresh record low against the US dollar on the global money markets. Fern ndez secured 47.4% of the vote, against Macri's 32.3%. Financial analysts said the prospect of a populist left-leaning government taking over in Buenos Aires could raise the chances of the country defaulting on its debt, which caused markets to slump in response. Edward Glossop, a Latin America economist at the consultancy Capital Economics, said The comprehensive victory for Alberto Fern ndez in Argentina's primary election paves the way for the return to leftwing populism that many investors fear. Shares in Argentinian companies also fell sharply on Monday, with the country's Merval stock index tumbling by almost 30%. The cost of insuring government bonds from default spiked, and the price of a 10-year government bond denominated in US dollars fell by between 18 and 20 cents to trade around 60 cents on the dollar. (news.financializer.com). As reported in the news.

error messages: Both his Instagram and Twitter accounts were briefly disabled, with error messages appearing on them yesterday afternoon, according to Nine News Australia. The former Wallabies' player is due to face off with his former employers in Melbourne's Federal Circuit Court today. To improve your experience update it here News National Israel Folau's Instagram and Twitter accounts back up ahead of court case with Rugby Australia By 9News Staff6 28am Aug 13, Folau has reactivated his social media accounts after they disappeared on the eve of his first day in court with Rugby Australia. Israel Folau deactivated his Instagram and Twitter accounts before they soon reappeared. Supplied He is seeking up to 10 million in damages from Rugby Australia and NSW Waratahs after being sacked for a social media post in April about people who will go to hell unless they repent for their sins. AAP Israel Folau's Instagram went offline briefly last night. (news.financializer.com). As reported in the news.

february: The ME Bank six monthly survey of financial comfort found stagnant wages were leaving many Australians struggling to cover day-to-day bills, according to Nine News Australia. Financial comfort of full and part-time workers saw a steep decline since February, with just a third of households reporting an increase in annual income over the past 12 months. To improve your experience update it here News National Almost half of Aussie households spend entire monthly income, report By Matt Dunn Senior Producer12 07pm Aug 12, half of all Australian households spend their entire monthly income, while one in five don't feel confident they could raise 3000 in an emergency, a report has found. AAP One in every two Australians also felt it would be difficult to find a new job, which is the highest number recorded since late 2016. The report also revealed a decline in comfort levels from homeowners with a mortgage and renters. It's clear from the latest report that there are increased concerns around job availability and underemployment, ME consulting economist Jeff Oughton said. (news.financializer.com). As reported in the news.

interests: The Morrison Government says any move to acquire the 2 billion pathology and radiology company would trigger a Foreign Investment Review Board inquiry, where the national interests would come first and foremost . And those implications are large as Healius has a contract to supply medical imaging services for the entire Australian Defence Force, according to Nine News Australia. The links that bind Healius to the ADF have raised concerns in Canberra. 9News The Beijing-based Jangho Group, which already has a 15.9 per cent stake in Healius, launched a takeover bid in January. To improve your experience update it here News National Chinese company interested in Australian healthcare giant Healius that holds sensitive military records By Chris Uhlmann Nine Network Political Editor6 30pm Aug 12, 2019Facebook Tweet MailA Chinese company's interest in Australian healthcare giant Healius is raising concerns in Canberra because it holds sensitive military medical records, including those of the elite special forces. Healius rejected the bid as too low but Jangho then issued a statement to the Hong Kong Stock exchange saying it intends to acquire Healius in the future . The sheer size of the transaction would automatically trigger a foreign investment review but it's the links that bind Healius to the ADF that have raised concerns in Canberra. As part of the deal Healius was engaged as a sub-contractor to provide imaging services. Last year the ADF's prized Garrison Health Services contract was won by British international healthcare group, Bupa from Medicare Private. (news.financializer.com). As reported in the news.

bill: More recently, at least one journalist openly sided with left-wing comedian Bill Maher who wants a recession to get rid of President Donald Trump, according to MSNBC. NBC's Richard Engel chimed in Short-term pain might be better than long-term destruction of the constitution, after Maher said I really do want a recession on HBO's Real Time with Bill Maher Aug. 9. Despite 3.7 percent near record-low unemployment, wage gains, confident consumers and growing economy, liberal journalists obsessed over recession every single day of June and July. A recession is generally considered two quarters or more of negative economic growth. That could have serious consequences if economist Mohamed El-Erian was correct when he warned we've got to be careful because we can talk ourselves into a recession. That hasn't stopped the media from pushing dark clouds and the likelihood of a recession coming soon, possibly even before the 2020 election. (news.financializer.com). As reported in the news.

loan ratios: State-owned Central Huijin Investment will make a capital injection into Shandong Province-based Hengfeng Bank, a move widely deemed as a breakthrough in the marketization of the bank, led by the provincial government, chinatimes.net.cn reported, according to Global Times China. Hengfeng Bank was repeatedly fined by regulators in 2018 and 2019, after the bank's former chairman Cai Guohua and several other senior executives were put under criminal investigations. But more needs to be done, such as arranging comprehensive evaluations of small and medium-sized banks' bad loan ratios and watching out for the negative impact of financial deleveraging on smaller banks, experts said. Financial statements released by the bank have shown a deteriorating trend. The bank hasn't updated its financial status. The bank had assets of 1.05 trillion yuan 148.8 billion at the end of September 2018, down 21.2 percent compared with the start of 2018. (news.financializer.com). As reported in the news.

group plc: The Times Gotham City Research issued a statement saying Burford Capital Ltd has enjoyed an absurdly high valuation and defended the methods of Muddy Waters and other activist short-sellers, saying they should be applauded for their work. bit.ly/2YZ98aF Legal & General Group Plc said it had bought the company behind My Future Now for an undisclosed sum and would be making its service available to customers and financial advisers, following the UK government's plans for a state-backed service enabling people to see all their pension entitlements on one web page. bit.ly/2YZf2bC The Guardian Asda has signed up 300 stores and 18 distribution depots to schemes which can earn the grocery giant extra revenue while helping to balance the electricity grid by matching defrost times of its fridges to blackouts or surges in demand. bit.ly/2YZZXXk The New Economics Foundation said in a new report that driving up the spending power of consumers would give firms a greater incentive to raise their productivity, as they could have greater confidence there would be demand for their products and services. bit.ly/2YZbKoZ The Telegraph Facebook Inc's Instagram, social networking site Facebook and Alphabet Inc-owned Google's You Tube will be fined millions of pounds for showing harmful videos in the UK government's first crackdown on social media, the Telegraph reported. bit.ly/2GVoXcj Russell Group universities are preparing to admit students with grades as low as CDD, by giving them an extra year of tuition to get them up to speed. bit.ly/2Z2yB2N Sky News Ataer Holding, which is poised to enter a formal period of exclusive negotiations to buy British Steel this week, has drawn up a business plan that will involve approximately 900 million pounds 1.08 billion of investment over several years. bit.ly/2Z0WEza The UK government will investigate why nearly one million people were left without power for almost an hour after an outage across parts of England and Wales. bit.ly/2YZRZxF The Independent UK MPs are plotting to rewrite the Commons rulebook to prevent Prime Minister Boris Johnson from forcing through a no-deal Brexit, The Independent reported. bit.ly/2YZe9A1 1 0.8310 pounds Compiled by Bengaluru newsroom Our Standards The Thomson Reuters Trust Principles, according to The Independent. Reuters has not verified these stories and does not vouch for their accuracy. (news.financializer.com). As reported in the news.

move market: It happens seemingly every August where we have events that move the market out of proportion to the events, according to The Japan Times. Goldman Sachs Group Inc. said on Sunday that its economists see recessionary risks increasing as the trade war between the world's two largest economies drags on, and no longer expect a resolution before the 2020 U.S. presidential election. All three major U.S. stock indexes started the week in the red, with few earnings reports and no economic data to soothe market jitters over protests in Hong Kong, the rejection of Argentine President Mauricio Macri's economic agenda in primary elections, and a tariff dispute that has beleaguered markets for months. ; It's the end of summer so a lot of market players aren't on the job, said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The move away from risk sent gold prices higher and U.S. Treasury yields lower. Data on inflation, housing starts and retail sales are due later in the week, and will be scrutinized by market participants for signs of economic softening. It's a flight to safety given the global situation, from Hong Kong to Strait of Hormuz, Hellwig added. (news.financializer.com). As reported in the news.

trend-line resistance: In reality, there are patterns that 1, according to Market Watch. Prevent investors from making ill-timed decisions. 2. While news affects market movements, it's not as if stock investing is random and unpredictable. Increase the odds of making profitable buy/sell decisions. The before and after picture below shows the original S&P 500 SPX, 1.48% pattern projection purple lines and actual performance Caption outside of wrapper for normal article images The most basic message for anyone aware of this pattern was not to buy as the S&P 500 approached purple trend-line resistance. Here is one such pattern I've been writing about an expanding triangle or megaphone ever since I first published the purple projection in the June 2 Profit Radar Report. (news.financializer.com). As reported in the news.

workers strike: He was heralded as a visionary who saw theatrical potential in the most unlikely subject matter and who helped to shepherd emerging talents, many of them composers, according to The Independent. He was 26 when he co-produced his first show on Broadway, The Pajama Game 1954 . With songs including Hey There and Steam Heat it brought an appealing song-and-dance style, as well as romance, to a plotline about a workers' strike at a pyjama factory. Prince, who has died aged 91, collected a record 21 Tony Awards during a career spanning seven decades. The combination helped to secure the Tony for best musical and presaged the social concern that would characterise much of Prince's work. You can form your own view. 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. (news.financializer.com). As reported in the news.

market status: Pine Honey Market Insights 2018, is a professional and in-depth study on the current state of the global Pine Honey industry with a focus on the Global market, according to MSNBC. The report provides key statistics on the market status of the Pine Honey manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Pine Honey Market report provides detail Market Statistics, including Product types, Top Manufacturers, Market CAGR Status and favorable factors that are expected to drive the Growth rate of the Pine Honey Market with SWOT Analysis. Overall, the report provides an in-depth insight of 2018-2023 global and Chinese Pine Honey market covering all important parameters. Market players are analyzed with respect to their weaknesses as well as plus points. Download and Get Sample PDF File of Pine Honey Industry Honey Market Summary Key factors of this Pine Honey market report give an in-depth analysis of the development trends which elaborates of the product type, product application, and market trend. (news.financializer.com). As reported in the news.

pension funds: The cross-party committee of MPs criticised ministers for failing to take specific steps to drive forward climate disclosure plans, despite publicly supporting international recommendations, according to The Guardian. Firms must document climate impact on profits, Treasury says Read more The MPs urged the government to clarify in law that pension funds have a duty to take into account long-term environmental risks to protect their savers. The environmental audit committee EAC has called for the City of London to face mandatory climate reporting within the next three years to avoid jeopardising hundreds of billions of pounds worth of pension savings. The report comes just weeks after the Treasury outlined plans to force firms and funds to show how the climate emergency could jeopardise their finances. The new plans would take effect by 2022 and include financial services firm, too. The committee said it did not believe a voluntary approach would be effective and instead called for climate risk reporting to be mandatory on a comply or explain basis by the same deadline. (news.financializer.com). As reported in the news.

people: Trump admin announces rule that could limit legal immigration Here's what to know Who does the rule apply to Read More The rule applies to people who are seeking to come to or trying to remain in the United States, according to CNN. Notably, it'll affect people who are trying to obtain lawful permanent status, otherwise known as a green card. Monday's announcement falls in line with the administration's attempts to curb legal immigration, and favor wealthier and more educated immigrants. What is public charge The public charge provision dates back at least to the Immigration Act of 1882. Under current regulations put in place in 1996, the term is defined as someone who is primarily dependent on government assistance, meaning it supplies more than half their income. Federal lawmakers at the time wanted to make sure that immigrants would be able to take care of themselves and not end up a public burden. (news.financializer.com). As reported in the news.

pineapple: Pineapple Jam Market Insights 2018, is a professional and in-depth study on the current state of the global Pineapple Jam industry with a focus on the Global market, according to MSNBC. The report provides key statistics on the market status of the Pineapple Jam manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Pineapple Jam Market report provides detail Market Statistics, including Product types, Top Manufacturers, Market CAGR Status and favorable factors that are expected to drive the Growth rate of the Pineapple Jam Market with SWOT Analysis. Overall, the report provides an in-depth insight of 2018-2023 global and Chinese Pineapple Jam market covering all important parameters. Market players are analyzed with respect to their weaknesses as well as plus points. Download and Get Sample PDF File of Pineapple Jam Industry Jam Market Summary Key factors of this Pineapple Jam market report give an in-depth analysis of the development trends which elaborates of the product type, product application, and market trend. (news.financializer.com). As reported in the news.

trafficking: Prior to his death, Epstein denied federal charges of sex trafficking involving minors which could have resulted in a 45-year prison sentence, according to The Guardian. However he faced a mountain of evidence including testimony from alleged victims and documents obtained by prosecutors indicating an elaborate trafficking ring. Maxwell, 57, the daughter of the late press baron Robert Maxwell, has repeatedly and vehemently denied allegations of involvement in a sex-trafficking network run by Epstein, who was awaiting trial in a New York prison when he died. Geoffrey Berman, the US attorney for the southern district of New York overseeing the prosecution against Epstein, said over the weekend that the investigation would continue and hinted at the possibility of prosecution of Epstein's co-conspirators. Photograph taken from picture library To those brave young women who have already come forward and to the many others who have yet to do so, let me reiterate that we remain committed to standing for you, and our investigation of the conduct charged in the indictment which included a conspiracy count remains ongoing, he said. Facebook Twitter Pinterest Robert Maxwell poses at the back of his yacht Lady Ghislaine. (news.financializer.com). As reported in the news.

african politics: Can a new law change that The Political Party Funding Act was signed into law by President Cyril Ramaphosa early this year, according to The Independent. It forces parties to disclose donations of R100 000 US 6700 or more and sets up a Multi-Party Democracy Fund to which donors who want to support a range of parties can donate. File picture Jerome Delay/AP The grip of money on South African politics may be so tight that it could be impossible to govern or seek to govern unless you are beholden to private money. The Independent Electoral Commission, which will implement the law, decided that it would not come into force until regulations on how it will operate are drafted. Democracy campaigners have been pressing for this law for years. It has now concluded hearing evidence from interested parties mainly political parties and non-governmental organisations on how to word the rules. (news.financializer.com). As reported in the news.

australia: Figures released by data provider Core Logic show an average 70.4 per cent of the 1,107 auctions held across Australia during the week ended Sunday August 11 had cleared, well up on 66.4 per cent of 1,107 auctions held the week before, according to Nine News Australia. Core Logic auction market commentator Kevin Brogan confirmed the latest improvement was mostly attributed to the country's two largest cities by population, where clearances rates of more than 70 per cent have been recorded in recent weeks. To improve your experience update it here News National'Higher value houses leading property recovery'By AAP11 59am Aug 11, city home auction clearance rates continue to climb nationally, with strong results in Sydney and Melbourne leading a property market recovery. Sydney had a clearance rate of 81.2 per cent We've got a really strong result out of Sydney this week, above 80 per cent - that a kick up, Mr Brogan told AAP on Sunday. The overall result was up from the previous week, when 386 auctions yielded a clearance rate of 72 per cent. There were 365 auctions in Sydney, with a clearance rate of 81.2 per cent, led by strong sales in the apartment market although houses were far behind. (news.financializer.com). As reported in the news.

europe: Both markets had fallen at the close on Friday after Donald's Trump's mixed message over next month's China trade talks spooked investors, according to Nine News Australia. The S&P 500 lost 19.3 points or 0.66 per cent, the Dow fell 90.6 points or 0.34 per cent, the Nasdaq dropped 80 points, or 1.0 per cent, and Europe was down 1.2 per cent. To improve your experience update it here News NationalASX tipped to open lower after renewed jitters over US-China trade war By AAP12 32pm Aug 11, 2019Facebook Tweet Mail The Australian share market is tipped to start the week lower after renewed jitters over the US-China trade war dampened US and European markets. The ASX could have a negative kick-off on Monday AAP AMP Capital's chief economist Shane Oliver says the worry has set the ASX up for a negative kick-off on Monday, which he expects to open down 20 points, or 0.3 per cent. That's on the back of all those worries about a trade war globally affecting export, Dr Oliver said. Not a dramatic fall, just a continuation of the weakness we saw last week, he told AAP. The Australian dollar is also doing it tough, down from 68.16 US cents on Friday afternoon to 67.79 US cents on Saturday morning. (news.financializer.com). As reported in the news.

eps: Kraft Heinz KHC, -0.79% said net income more than halved to 854 million, or 70 cents per share, in the six-month period, from 1.76 billion, or 1.43 per share in the same period last year, according to Market Watch. Adjusted EPS was 1.44 compared with 1.89 last year. The company also announced that it would not meet the deadline for filing its 10-Q with the Securities and Exchange Commission. Sales of 12.37 billion were down 4.8% from 12.99 billion in 2018. Adjusted EPS came to 78 cents, ahead of the current Fact Set consensus of 75 cents. For the second quarter, the company had EPS of 37 cents, down from 62 cents a year ago. (news.financializer.com). As reported in the news.