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

auction: The bidding at the RM Sotheby's auction was expected to open at 13 million, according to MSNBC. A display screen said 30 million instead. Since 17 million was below the reserve price -- or minimum required by the seller RM Sotheby's pulled the million Porsche flops in auction News Retail US of rare Nazi-era Porsche fails after auction rare Nazi-era Porsche didn't sell at auction after a technical error confused bidders. The amount on screen continued to rise by increments of 10 million instead of 1 million. Since 17 million was below the reserve price -- or minimum required by the seller RM Sotheby's pulled the million Porsche flops in auction news retail industry business news retail industry business news transportation news transportation autos seo Title 20 million Porsche flops in auction million Porsche flops in auction us us Article title 20 million Porsche flops in auction Frank tag Name Robert News tag Name Europe News tag Name Europe US Source tag Name CNBC US us us mpscall million Porsche flops in auction million Porsche flops in auction snafu headline 20 million Porsche flops in auction News Transportation Autos adunits Top Banner Box Rail Box Inline Logo Mid Responsive Countdown Clock Sponsor Logo Native Ultra Dense Native Three Up Native Ticker Box US News Retail industry Business News Retail Europe ;mpscall.path mpscall.path window.location.pathname window.location.search ' ' window.location.search '' ; var mpsopts mpsopts ;var mps mps ;mps. ext mps. ext ;mps. timer Date.now adunit! string return false;var At 17 million, the auctioneer stopped the bids and said the screen was news retail europe news retail europe were no more bids after 17 million. (news.financializer.com). As reported in the news.

correspondent: Mark Sanford discussed his possible primary challenge of Trump, according to MSNBC. NBC News correspondent Carol Lee, NPR 1A host Joshua Johnson, Wall Street Journal columnist Peggy Noonan and PBS News Hour White House correspondent Yamiche Alcindor joined the Beto O'Rourke warned of the existential threat of a second term for President Trump and former South Carolina Republican Gov. (news.financializer.com). As reported in the news.

documents warning: Speaking at a children's centre on Monday, Corbyn will promise to do everything necessary to stop a disastrous no-deal Brexit although he has so far insisted that he must be the one to lead a caretaker government to extend article 50 if Johnson loses a confidence vote, according to The Guardian. Following the leak of documents warning of protests and food shortages in the event of a no-deal Brexit, he will attack Johnson for the Conservative party's failure on Brexit, and its lurch to the hard right, which has provoked the crisis our country faces this autumn . He will say Boris Johnson's government wants to use no deal to create a tax haven for the super-rich on the shores of Europe and sign a sweetheart trade deal with Donald Trump not so much a no-deal Brexit as a Trump-deal Brexit. The Labour leader will give a flagship speech in the key marginal seat of Corby in the east Midlands as speculation grows about an election in the coming weeks. In some of his hardest rhetoric against the prime minister, he will brand Johnson a hard right leader who has made himself into Britain's Trump, the fake populist and phoney outsider, funded by the hedge funds and bankers, committed to protecting the vested interests of the richest and the elites, while posing as anti-establishment . With all parties now preparing for an autumn election, Corbyn will reiterate his pledge that Labour would commit to another EU referendum in the party's manifesto. Corbyn will also argue that the country is facing even greater and deeper problems than the huge threat of a no-deal Brexit. This would give voters the final say, with credible options for both sides, including the option to remain he will say. (news.financializer.com). As reported in the news.

evolution: The material, including Warren's previously unreported comments on regulations and her association with conservative groups, sheds new light on the early part of her career, before she became actively involved in politics, according to CNN. Warren rarely discusses her evolution from a moderate conservative, as one former colleague described her to CNN, to a leading Democratic presidential candidate proposing ambitious liberal policies. As a law professor in the 1980s and 1990s, Warren criticized the overabundance of government regulations, calling them a tax, and spoke to conservative legal groups like the Federalist Society and the Manhattan Institute, a CNN KFile review of Warren's academic research, interviews and speeches in this period found. She has said previously that as she established herself as one of the nation's leading experts in bankruptcy, she came to realize through her research the need for aggressive regulation of the financial industry. Asked about the shift in 2014, she told ABC News that she realized the Republican Party really stood up for the big financial institutions when the big financial institutions are just hammering middle class American families. Warren changed her party registration from Republican to Democrat in 1996. (news.financializer.com). As reported in the news.

june-quarter report: The batch of cannabis would be worth roughly C 2.5 million 1.9 million assuming a price of C 5 per gram, according to Market Watch. Sundial has not disclosed that a shipment has been returned; a spokeswoman for the company didn't return requests for comment. The attempted sale would be the equivalent of 10% of Sundial's SNDL, -0.85% total second-quarter cannabis sales of five metric tons. Sundial announced earnings Wednesday morning. People familiar with the matter say that party was Sundial, and Zenabis returned the cannabis because the pot was of poor quality and contained bits of rubber, among other issues. In its own June-quarter report the same morning, Canadian cannabis company Zenabis Global ZENA, 7.69% disclosed that it had returned a half ton of pot and terminated its agreement to buy weed from a third party that it did not name. (news.financializer.com). As reported in the news.

jane fonda: He entered the family business in the 1960s, often playing renegade characters and acting the part in real life, according to The Independent. In 1966, he played a biker named Heavenly Blues in Roger Corman's The Wild Angels, then was an LSD-taking character in Corman's The Trip 1967 . Fonda essentially combined the two roles in Easy Rider, which was released in 1969. Fonda, who has died aged 79, grew up in the shadow of his father, Henry Fonda, and older sister, Jane Fonda, both of whom won Academy Awards for acting. 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.

kentuckians sarin: We are confident that this will lead to more jobs for Kentuckians, according to Global Times China. Sarin is certainly not alone. As we continue to build relationships with Chinese businesses and seek investment opportunities, we are executing our long-term strategy to tap into the enormous opportunities that exist in China, Vivek Sarin, Kentucky Cabinet for Economic Development interim secretary, said in a statement recently. Many state and local officials, with a more pragmatic attitude, have expressed their continued interest in boosting cooperation with China in economy, culture, education and beyond, injecting positive momentum into the bilateral relations facing headwinds. Kate Brown, governor of the northwestern US state of Oregon, recently said that what is happening nationally has had a chilling effect on commodity prices and the state's ability to sell goods to China. The most important thing for subnational leaders is about the business of moving their state forward around jobs, moving their state forward around prosperity and making sure that each citizen has an opportunity to participate in the economy, and that's the motivation for their relentless efforts in seeking cooperation with China, said Reta Jo Lewis, senior fellow and director of congressional affairs at the German Marshall Fund of the US. The negative factors at the national level, however, have trickled down to sub-national levels, raising concerns among officials, the business community and the general public. (news.financializer.com). As reported in the news.

model zone: The government will support financial products and funds' mutual recognition among Shenzhen and the two special administrative regions of Hong Kong and Macao, the guideline noted, according to Global Times China. The move to boost Shenzhen's financial sector comes at a critical time, an expert said, as the riots in Hong Kong, which has played a crucial role in China's economic development, have seriously damaged the financial hub's international image. According to a guideline released by the central government on Sunday that supported the construction of Shenzhen into a model zone, the government will push the connection of the Shenzhen financial market with the markets in Hong Kong and Macao, according to a report by China Central Television. Some financial institutions in Hong Kong have moved elsewhere such as Singapore and New York. Li Daxiao, chief economist at Shenzhen-based Yingda Securities, told the Global Times that positioning Shenzhen as a key financial hub will help bring stability to adjacent Hong Kong, as it will play a major role in the Guangdong-Hong Kong-Macao Greater Bay Area development plan that is set to spur economic growth for the whole region. Under such circumstances, if Shenzhen could offer a better environment, they might consider not leaving Hong Kong or moving to Shenzhen, Liang Haiming, dean of the Belt and Road Institute at Hainan University, told the Global Times on Sunday. (news.financializer.com). As reported in the news.

vice president: ANTRAM said they were open to government-moderated negotiations but only if the strike was suspended or called off, according to The Japan Times. The drivers' return to work is a relief for Portugal's Socialist government, which feared the impact of a prolonged strike on the country's tourism-dependent economy. Demanding better salaries and working conditions, the National Hazardous Goods Drivers' Union SNMMP started striking on Aug. 12 after negotiations with their employers' association, ANTRAM, failed. ; It was their second strike this year. Given that all conditions are in place to negotiate with ANTRAM employers' association and the government, it was decided that the strike would be called off, Pedro Pardal Henriques, SNMMP's vice president, told reporters. During the strike, motorists were limited to buying up to 15 liters 4 gallons of gas at special filling stations, but there was no mass lines at stations as there was in April. ANTRAM could not immediately be reached for comment. (news.financializer.com). As reported in the news.

service: The government has invested 30 billion in the NBN and questions have been raised over whether it's getting its bang for its buck, in terms of profit and service, according to Nine News Australia. A recent audit found some NBN users will pay more for their internet or receive a lower quality service, contrary to what the service promised. To improve your experience update it won't write down cost of NBN to save consumers By 9News Staff6 00pm Aug 18, believe the government could reduce the cost of the beleaguered National Broadband Network by writing down the value of its investment. The cost and slow speeds associated with the NBN could see customers choose other services like wireless and 5G. 9News Right now the NBN is essentially required to make money and get the money back the government lent it to create the NBN, tech expert Trevor Long said. Pegasus Economics director Stephen Bartos told 9News, a write down could be a good be a good thing for NBN customers . But the Coalition has written-off the idea of a write-down. If that burden is gone, the NBN can charge less for wholesale, and therefore retailers can charge consumers less. (news.financializer.com). As reported in the news.

mixture: But a growing movement is focused on just that encouraging people towards a mixture of extreme saving, frugal living and smart investment that will allow them to stop working and put their feet up decades before their peers in some cases, when they are still in their 30s, according to The Guardian. And the Financial Independence, Retire Early Fire doctrine claims that people do not need a six-figure salary to get there. And all at an age that most people would consider to be barely midway through their working life. At a time when many people are struggling to ensure they have enough money when they do retire or even to get them from month to month, the idea will probably appear absurd. The advocates of Fire are undaunted, however. And that is before you hear that it often involves saving between 50% and 75% of post-tax earnings. (news.financializer.com). As reported in the news.

relationship: The US, Buttigieg said, has a lot of different forms of leverage in the relationship, according to CNN. But it's also a fool's errand to think you will be able to get China to change the fundamentals of their economic model by poking them in the eye with some tariffs, he said. CNN's Jake Tapper asked the South Bend, Indiana, mayor on State of the Union in an exclusive interview why he thinks China would strike a trade deal with him if, as president, he were to ease Trump's pressure and end the President's tariffs imposed on Chinese goods. Aides got Trump to delay tariffs by telling President it could 'ruin Christmas' Buttigieg's comments come as fears of a recession in the US grow, with critics of the President's economic policies pointing to Trump's trade war with China as a contributing factor in the potential economic slowdown. Last year, Trump imposed tariffs on about 250 billion in Chinese-made goods, targeting industrial materials and components. Last week, the Trump administration -- in its latest turnaround on trade -- said it would delay new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles until December 15. (news.financializer.com). As reported in the news.

inc: The stock increased 0.93% or 16.45 during the last trading session, reaching 1792.57, according to MSNBC. About 2.80M shares traded. Tiedemann Wealth Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the 886.71 billion market cap company. Amazon, Inc. It has outperformed by 4.92% the S&P500. AMZN has risen 4.92% since August 18, 2018 and is uptrending. (news.financializer.com). As reported in the news.

water shortages: The Sunday Times newspaper published what it said was what the British government expects in the case of a sudden, no-deal Brexit, according to Nine News Australia. Among the most serious significant disruptions to the supply of drugs and medicine, a decrease in the availability of fresh food and even potential fresh water shortages due to possible interruptions of imported water treatment chemicals. To improve your experience update it here News World Leaked UK memos warn no-deal Brexit could spell food and drug shortage chaos By Associated Press2 49am Aug 19, British government documents have warned of serious disruptions across the country in the event that the UK leaves the European Union without a trade deal on October 31, according to a report. Secret British government documents have warned of serious disruptions across the country in the event that the UK leaves the European Union without a trade deal on October 31, according to a report. PA Although the grim scenarios reportedly outlined in the government documents have long been floated by academics and economists, they've been repeatedly dismissed as scaremongering by Brexit proponents. PA Young activists from Our Future, Our Choice held a protest outside the Scottish Conservative's HQ in Edinburgh to warn that a no-deal Brexit threatens the future of the Union. (news.financializer.com). As reported in the news.

china word: That's on top of concerns over Trump's plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their economies are shrinking, according to The Japan Times. Though a pre-election recession in the U.S. is far from certain, a downturn would be a devastating blow to the president, who has made a strong economy his central argument for a second term. But privately, Trump is growing increasingly worried the economy won't look so good come Election Day. ; The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. Trump advisers fear a weakened economy would hurt him with moderate Republican and independent voters who have been willing to give him a pass on some his incendiary policies and rhetoric. Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts. And White House economic advisers see few options for reversing course should the economy start to slip. (news.financializer.com). As reported in the news.

craft law: It will govern the country's space development and utilization policy. ; This piece of legislation will bear fruits that generations to come will be enjoying, Fortunato dela Pena, the Filipino science and technology secretary, told a news briefing Wednesday, acknowledging that the data collected from space technology will have multiple significant applications on the ground, according to The Japan Times. In an earlier interview, Rogel Mari Sese, a Filipino astrophysicist who helped craft the law, said it was a long time coming. The Philippine Space Act was signed by President Rodrigo Duterte on Aug. 8. Space is no longer a luxury when it comes to national development and security. Sese said the creation of the Philippine Space Agency PhilSA is in the administration's Philippine Development Plan 2017-2022, and in its National Security Policy. It's a necessity, Sese said. (news.financializer.com). As reported in the news.

earth elements: A Chinese government-backed group's offer last year to build three new international airports on Greenland sparked alarms in Copenhagen and Washington, according to The Japan Times. The Chinese plan was finally nixed in exchange for Danish funding and a pledge of support from the Pentagon. The accelerating polar ice melt has left sparsely populated Greenland, a self-governing part of Denmark, astride what are potentially major shipping routes and in the crosshairs of intensifying geopolitical competition between superpowers. ; It also has untapped natural resources like oil, minerals and valuable rare earth elements that China, the United States and other major tech economies covet. Trump's idea to buy Greenland, reported by the Wall Street Journal on Friday, is not a serious proposal, said Heather Conley, a specialist at the Center for Strategic and International Studies in Washington. Greenland has been essential to U.S. defense since World War II, when it was a base for monitoring Nazi ships and submarines passing through the Arctic Avenue, the sea gateway to the north Atlantic. But, she added, The administration has awoken to the Arctic as a geostrategic issue. (news.financializer.com). As reported in the news.

gr ie: The survey, carried out by BMG Research, also reveals the public is overwhelmingly gloomy about Mr Johnson's chances of negotiating a fresh deal, with only 19 per cent believing he will, 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. Only 34 per cent of voters want the prime minister to carry out ano-deal Brexit on 31 October if necessary while 49 per cent urge him to either delay, cancel Brexit altogether, or stage a fresh referendum. You can form your own view. Subscribe now Voters also favour MPs being given a final vote on the Brexit outcome rather being shut out of the process, as the government intends by 42 per cent to 39 per cent. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

interest rates: But here's a surprise things just might start to look a little brighter as the autumn rolls on, according to Market Watch. The U.S. economy is holding up so far, central banks around the world are cutting interest rates, and even the manufacturing sector may recover. Investors will need a strong stomach to get through international trade disputes, Britain's march toward Brexit, and more. To be sure, there are headwinds ahead, including the U.S.-China war over import tariffs that rattled stocks recently. Grab the Dramamine, avoid the headlines, and get used to it. But it is wise to stay invested, multiple sources tell Market Watch. (news.financializer.com). As reported in the news.

kentuckians sarin: We are confident that this will lead to more jobs for Kentuckians, according to Global Times China. Sarin is certainly not alone. As we continue to build relationships with Chinese businesses and seek investment opportunities, we are executing our long-term strategy to tap into the enormous opportunities that exist in China, Vivek Sarin, Kentucky Cabinet for Economic Development interim secretary, said in a statement earlier this week. Many state and local officials, with a more pragmatic attitude, have expressed their continued interest in boosting cooperation with China in economy, culture, education and beyond, injecting positive momentum into the bilateral relations facing headwinds. The negative factors at the national level, however, have trickled down to subnational levels, raising concerns among officials, the business community and the general public. The most important thing for subnational leaders is about the business of moving their state forward around jobs, moving their state forward around prosperity and making sure that each citizen has an opportunity to participate in the economy, and that's the motivation for their relentless efforts in seeking cooperation with China, said Reta Jo Lewis, senior fellow and director of congressional affairs at the German Marshall Fund of the United States. (news.financializer.com). As reported in the news.

lab-grown salmon: Usually, the orange innards of sea urchins served in sushi restaurants are harvested from spiky creatures that live on seabeds, according to The Japan Times. The delicacy requires much labor to collect and keep fresh. The latest example imitation uni. That makes it one of the most expensive menu items a 100-gram box of top-grade uni from Hokkaido can easily fetch 5,000. ; Although U.S.-based firms Beyond Meat Inc. and Impossible Foods Inc. are grabbing headlines these days, vegan seafood is considered the next frontier in plant-based foods due to sustainability concerns. San Francisco-based Wild Type is developing lab-grown salmon. Good Catch, based in Newton, Pennsylvania, sells crab-free crabcakes and fish-free tuna. (news.financializer.com). As reported in the news.

investigation california: Illinois has 10 confirmed cases, while 12 more are under investigation, according to CNN. California is looking into 19 such cases. FDA investigating 127 reports of seizures, neurological symptoms related to vaping States with the most cases include Wisconsin, with 15 confirmed cases and 15 more under investigation. The New York State Department of Health said Friday it was actively investigating 11 cases. Health officials in Connecticut, Florida, Iowa, Michigan, Minnesota, North Carolina, Pennsylvania, Texas and Utah also said they were aware of confirmed or potential cases. Indiana and New Jersey both reported nine cases, of which Indiana has confirmed six. (news.financializer.com). As reported in the news.

p spx: No-deal Brexit The Oct. 31 deadline for Britain to reach a deal to exit the European Union in an orderly fashion is fast approaching, and newly elected Prime Minister Boris Johnson has signaled that he is willing to face the consequences of a no-deal Brexit, come what may, do or die, according to Market Watch. One conservative lawmaker has even suggested that Johnson could take Britain out of the EU unilaterally by Aug. 24. The Dow Jones Industrial Average DJIA, 1.20% is down 3.7% on a month-to-date basis, the S&P 500 SPX, 1.44% has fallen 3.1% and the Nasdaq Composite index COMP, 1.67% has lost 3.4%. But even as high-probability risks like the U.S.-China trade conflict capture the minds of investors, there is a growing combination of lower-probability risks, so-called grey swan events, that could individually or in combination create even more heartburn for investors as the third quarter draws to a close. 1. What odds would you give on 1 UK exits EU by 24 Aug - in time for G7 or before Parliament returns. The European economy, already shaken by the global manufacturing slowdown, would also be adversely affected by new trade barriers and uncertainty that would flow from Britain's leaving the EU. 2. Art 50 passed so nothing to stop unilateral withdrawal.2 General Election straight after to get majority.3 Answer Irish border Q with NI only referendum on NI only backstop Tom Tugendhat Tom Tugendhat August 14, 2019 The U.K. Office of Budget Responsibility estimated in July that a no-deal Brexit would put the world's sixth largest economy into recession. (news.financializer.com). As reported in the news.

hua: Hua said the US side has seriously violated the one-China principle and the three China-US joint communiques, especially the Aug. 17 communique, adding that it has interfered in China's internal affairs and undermined China's sovereignty and security interests, according to Global Times China. Stressing that the Taiwan issue concerns China's sovereignty and territorial integrity and involves China's core interests, Hua urged the US side to fully recognize the highly sensitive and harmful nature of the relevant issue, abide by the one-China principle and the three China-US joint communiques. Foreign Ministry spokesperson Hua Chunying made the remarks when asked to comment on the situation that the US has been advancing the sale of 8 billion US dollars of F-16V fighters to Taiwan. She urged the US to stop arms sales to and military contact with Taiwan, otherwise, the Chinese side will certainly take countermeasures and the US will be responsible for all related consequences. China lodges solemn representations against US arms sales to Taiwan (news.financializer.com). As reported in the news.

peljesac bridge: We heard that a Chinese company is building a bridge here, according to Global Times China. I am worried if they will follow EU rules regarding environmental safety, Tulipan told Xinhua. Less than one kilometer away from him, various construction vessels were busy around huge steel piles that had been knocked into the seabed of the Adriatic. A Chinese consortium led by China Road and Bridge Corporation CRBC won the bid to build the first phase of the Peljesac Bridge and its access roads early last year. Tulipan's worry is shared by some who allege that Chinese contractors and investors do not care much about environmental issues as they explore overseas markets under the Belt and Road Initiative. The 2.4km-long cable-stayed bridge will connect the southern tip of the Croatian mainland to the Peljesac Peninsula, thus bypassing a short strip of Bosnian and Herzegovina's territory, giving Croatia its long-awaited territorial continuity and traffic convenience. (news.financializer.com). As reported in the news.

silence emptiness: The sound comes suddenly, piercing through the silence and emptiness of the surroundings, according to The Independent. In the quiet square it's a reminder that this city in northern Ukraine is very much alive -- an important declaration for a place many of whose citizens came perilously close to perishing in the worst nuclear disaster the world has ever experienced. Every hour it plays the anthem of the city. Slavutych owes its existence to the Chernobyl explosion of April 26, 1986, and it's one of the last major feats of social and physical engineering carried out by the Soviet Union. Slavutych was constructed from scratch in just two years. In the aftermath of the reactor explosion, 45,000 people were evacuated as their nearby hometown Pripyat -- once an oasis of greenery and a model of Soviet prosperity -- became a radiation-contaminated ghost town. (news.financializer.com). As reported in the news.