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

chinese mainland: In total, 66 Shenzhen-based companies listed in the Chinese mainland achieved an average gain of 5.6 percent, while the benchmark Shanghai Index climbed 2.1 percent to close at 2,883.1 points, according to Global Times China. Shares of Shenzhen-based companies in the real estate, brokerage, telecommunications and new-energy industries posted solid gains, while state-owned companies based in the city led the rally. The announcement led to gains in the Chinese stock market, which has been weakened recently by the ongoing trade war with the US. The central government's plan was seen by observers as a move to upgrade the city and enable it to become one of the most advanced in the world. Utility Shenzhen Gas Corp, infrastructure specialist Shenzhen Airport Co, and port operator Shenzhen Yan Tian Port Holdings Co soared by the10 percent daily limit shortly after trading began. An employee at a Shenzhen-based fund told the Global Times on Monday that many people around him bought shares that reached the daily upward limit on Monday. Shares of brokerage firm Guosen Securities Co and First Capital Securities Co reached the 10 percent threshold during afternoon trading. (news.financializer.com). As reported in the news.

consumer market: It's become a cautionary tale of modern-day China, with the country increasingly willing to call out companies that want access to its lucrative consumer market, but don't toe the party line, according to The Japan Times. This is the most appalling kowtow to Peking, David Webb, a Hong Kong activist investor, wrote on his blog just hours after Chinese state broadcaster, CCTV, broke the news of Hogg's departure on Friday. But will it be enough Incoming CEO Augustus Tang has the delicate task of continuing to placate China, an increasingly important market for the 72-year-old airline, while also minimizing the fallout from staff, customers and investors as the unrest in its home base continues to seethe. ; Whether Tang a long-time lieutenant with Cathay's biggest investor, Swire Group succeeds or falters, Cathay's story is having repercussions beyond the carrier itself. Every substantial employer in Hong Kong, in both the public and private sectors, has employees who have participated in marches that have frequently gone beyond their approved spatial or time limits. But even with Hogg taking the fall, it's unclear whether China, which along with Hong Kong accounts for about half of Cathay's revenue, will be satisfied. Should all the CEOs resign After China's aviation watchdog slapped a string of demands on Cathay on Aug. 9, the company appeared to swing into action, with Swire chairman, Merlin Swire, flying into Beijing to meet with the authority three days later. (news.financializer.com). As reported in the news.

day fall: Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m, according to Market Watch. Eastern on Friday. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. See Fed not on red-alert after yield-curve inversion Many economists think the market most wants to hear a willingness from the Fed to do whatever it takes to combat any downturn. The Dow Jones Industrial Average DJIA, -0.66% saw the biggest one day fall this year on Wednesday, as longer-dated U.S. Treasury yields TMUBMUSD10Y, 2.40% fell briefly below short term yields, suggesting investors believe the first recession in a decade lies ahead. (news.financializer.com). As reported in the news.

friday: On Friday, the key market gauge advanced 13.16 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 9.04 points, or 0.61 percent, higher at 1,494.33 after rising 1.44 points Friday, according to The Japan Times. The market opened higher, backed by an advance of the U.S. equity market last Friday reflecting hopes for a de-escalation in U.S.-China trade tensions, brokers said. The Nikkei 225 average jumped 144.35 points, or 0.71 percent, to end at 20,563.16. White House economic adviser Larry Kudlow has said that U.S. and Chinese negotiators produced positive news in their ongoing trade talks. The Nikkei gained about 215 points soon after the opening. Also, concerns over a global recession receded somewhat as the Chinese and German governments are reportedly considering compiling economic stimulus measures, market sources said. (news.financializer.com). As reported in the news.

gr ie: In London the FTSE 100 rose 0.9 per cent, while markets in Germany, France and China also rose, according to The Independent. Donald Trump said on Sunday that America is doing very well with China, and talking! and also claimed that the US was poised for big growth once trade disagreements are resolved. Stocks had been hammered by fears of a deepening trade war between the US and China but comments made by Donald Trump over the weekend delivered some reason for cautious optimism. 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.

hong: They have also called for Hong Kong to resume stability, which will help preserve the city's position as a global financial hub and its attraction to mainland investors, according to Global Times China. I have worked in Hong Kong for 10 years and feel I'm settled here. Some are even thinking of moving back to the mainland, which they said will offer a more stable living and working environment. But what happened recently is making me very apprehensive about Hong Kong's future and my own as well, a representative of a mainland-based financial institution in Hong Kong told the Global Times on Monday. Fu said that his company released a statement to condemn violence and support the government and local police. I've been discussing with my family whether to move back to the mainland for future development, the representative, who is surnamed Fu, said. (news.financializer.com). As reported in the news.

index: How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.66% rose 249.78 points, or 1%, to end at 26,135.79, while the S&P 500 index SPX, -0.79% added 34.97 points, or 1.2%, to close at 2,923.65, according to Market Watch. The Nasdaq Composite Index COMP, -0.68% advanced 106.82 points, or 1.4%, to finish at 8,002.81. Reports that Germany may also be considering stimulus measures underpinned gains for European stocks. The session marks a second straight day of sharp gains, after Friday when the Dow Jones Industrial Average rose 306.62 points, or 1.2%, the S&P 500 index added 41.08 points, or 1.4% and the Nasdaq Composite Index gained 129.38 points, or 1.7%. Monday's gains are the first consecutive 1% gains for the S&P 500 since Nov. 11, 2018, according to Dow Jones Market Data. Ltd. another 90-day reprieve during which it can continue to do business with American companies, without the granting of case-by-case licences that would otherwise be needed, after the Commerce Department added it to its entity list in May. Read Stock-market investors rattled by bond market's warning shot' here's what's next What's drove the market The Commerce Department said Monday that it has given Chinese telecom giant Huawei Technologies Co. (news.financializer.com). As reported in the news.

shop: I was his apprentice, according to The Guardian. There were three of us my older brother, me and my younger brother. He came to this country in 1959 and had his own butcher's shop in Manchester. I opened my business on 1 November 2001. My dad had tremendous ability I won't bring myself to say I'm on the same level, but maybe I'm halfway there. My father was very proud; parents like their children to follow in their footsteps. (news.financializer.com). As reported in the news.

ferdinand porsche: But the sale was marred by a confusing mix-up on the auction stage, according to Nine News Australia. Technically speaking, the Type 64 isn't really a Porsche because the company didn't yet exist when Ferdinand Porsche created the car in Nazi Germany. To improve your experience update it here News World Auction stuff up means 1930s Nazi Porsche fails to sell By 9News Staff2 11pm Aug 19, 2019Facebook Tweet MailA bulbous race car from the 1930s was expected to be the most expensive car with the Porsche name ever sold at auction. But its role as the ancestor of today's Porsche sports cars is clear, and it was expected to sell on Saturday for as much as 29 million US 20m . But the California auction, with bidding that went as high as 25 million, ended with the car remaining unsold. That figure, called the reserve price, was not reached. Auction sellers often have an undisclosed minimum price below which the car will not be sold. (news.financializer.com). As reported in the news.

timing: Every time stocks seem poised for a big drop, he says something to reverse the tide, according to Market Watch. He then follows through with more statements to extend the bounce. It is less well understood that he has an uncanny sense of stock market timing. I am politically agnostic. Having said that, even opponents of Trump with some objectivity ought to give him credit for his sense of market timing. My sole job is to help investors. (news.financializer.com). As reported in the news.

job losses: Ataer now has exclusive rights to look into British Steel in greater detail and plans to complete the purchase by the end of the year, according to The Independent. Toker Ozcan, head of the mining metallurgy group at Oyak, told the FT that the group's immediate focus will be to boost output. Ataer Holdings, the investment arm of Turkey's military pension fund Oyak, was unveiled on Friday as the preferred buyer for the steelmaker which collapsed in May. He declined to comment on the scale of possible job losses but said productivity at British Steel's main plant in Scunthorpe is very low compared with other European steel producers. 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.

sector activity: The decline in deal values was driven by steep falls in outbound and private equity PE deals, mitigated by some rise in domestic M&A, said the report by global consultancy firm PwC. Deal volumes actually increased in most sectors, indicating that there is still reasonable deal flow for smaller transactions, except for PE which fell sharply by 46 percent, it noted, according to Global Times China. Sector activity was fairly broadly spread, with high technology investments remaining in the No.1 position in volume terms, as China's big technology companies were active buyers in this sector, said Effie Yang, PwC China Deals North Private Equity Leader. Rebound is likely to occur in 2020, according to an industry report released on Monday. Although the fall-off of investment into the US has been in play for several years already, in the first half of 2019 there was a sharp decline in investment into Europe as well, with Asia the only destination region holding up at prior norms, Yang said. Domestic, strategic M&A may be the one relative bright spot with China focused on stimulating its domestic economy, the firm said. PwC forecast that if the current uncertainties do not clear, soft M&A activities will extend to the second half of 2019. (news.financializer.com). As reported in the news.

twitter share: Paid Program Money Post written by Franklin Tsung Founder and CEO of Black Crown Inc., the independent sponsor firm targeting value buyouts in select industries, according to The Independent. Share to facebook Share to twitter Share to linkedin Getty Independent beauty brands have taken the market by storm. Opinions expressed are those of the author. Armed with greater awareness of what goes into their daily beauty products, people now gravitate toward brands with premium product features and have a genuine thirst for brand exploration getting to know the authenticity primarily because smartphones have transformed customers into independent-thinking consumers. RVI in October 1985. How do investors and brands navigate this information age How do consumer brands stay meaningful in an era where information consumption is highly fragmented and brand equity can be watered down through the smartphone and social media experience Back To The Future Proctor and Gamble P&G paid 1.2 billion for Richardson-Vicks Inc. (news.financializer.com). As reported in the news.

withholding intermediary: A second meeting is in the works but has not yet taken place. ; AP is withholding the intermediary's name and details of the encounter with Cabello out of concern the person could suffer reprisals, according to The Japan Times. The official spoke on the condition of anonymity because they aren't authorized to discuss the talks, which are still preliminary. Diosdado Cabello, who is considered the most-powerful man in Venezuela after Maduro, met last month in Caracas with someone who is in close contact with the Trump administration, said the official. It's not clear whether the talks have Maduro's approval or not. But he's also been accused by U.S. officials of being behind massive corruption, drug trafficking and even death threats against a sitting U.S. senator. Cabello, 56, is a major power broker inside Venezuela, who has seen his influence in the government and security forces expand as Maduro's grip on power has weakened. (news.financializer.com). As reported in the news.

people: Isis claimed responsibility for a weekend bomb attack on a wedding reception in the capital, Kabul, that killed 63 people and wounded nearly 200, according to The Guardian. The Jalalabad bombs were planted near a market where hundreds of people had congregated after attending independence day events. No group claimed responsibility for the 10 bombs on Monday but both Islamic State and Taliban militants operate in the area. A senior health official, Fahim Bashari, said at least 66 people were wounded, including 20 children enjoying the public holiday. Children insisted on being in the shop, as they wanted to celebrate independence day in the market, but they were seriously injured when a bomb exploded, Mohammad said at a hospital in the city. Ghulam Mohammad, a shopkeeper selling plants, said his two sons and a nephew were among the injured in one of the blasts. (news.financializer.com). As reported in the news.

sex slave: Virginia Giuffre was one of those girls, claiming in newly unsealed documents that she was recruited at Trump's Mar-a-Lago resort in Florida by socialite, heiress, and Epstein's alleged accomplice Ghislaine Maxwell in 2000, when she was just 16, according to The Guardian. Giuffre now describes her time with Epstein as being forced to be a sex slave . Facebook Twitter Pinterest Jeffrey Epstein attends an event in New York City with Ghislaine Maxwell in 2005. Some of his victims were reportedly as young as 14. Photograph Patrick McMullan/Patrick McMullan via Getty Images Shortly after her sworn deposition became public Epstein was found dead in his holding cell, apparently from suicide. He had been indicted in 2008, when he walked away with a sweetheart deal that gave him minimal jail time and shielded any possible co-conspirators. Epstein's lifestyle has been well documented he owned a private island in the US Virgin Islands and jetted around the world with rich and powerful men, including the Clintons, Trump, Woody Allen, Larry Bird and Prince Andrew. (news.financializer.com). As reported in the news.

house: While the White House is shooting down the notion of an upcoming recession, Ruhle declared it about time we get a recession, according to MSNBC. A recession is OK. A recession is a normal part of economic activity. While the White House is shooting down the notion of an upcoming recession, Ruhle A Recession Would Be 'Normal' and 'OK' var BB G null ;function HAS ALREADY o new 0px 550px t new e function var e;e t.target,void 0px 3000px r e var in i m o&& string typeof o.cookie BB10 Android Silk Kindle Opera Mini Mobi webOS iP hone od ipad playbook i,ads / www e s, scsta e s, nntec g e n,h e n,h A A e n,h B B C e f,h e f,h A A e f,h B B C 0 u%2 .mobileP .mobile d.width d.height and orientation portrait 0! Cookies.set Cookies.set Bf2e 1 0 expires e 1 new Date new gmx fb show ad %s !!! %se,o.id ;var advertisement banner ad ad ads ;function economy politics ','dimension4' 'msnbc msnbc-live recession stephanie-ruhle 1 0 3 ; Skip to GAd %s, %s, %s e,o,n ;var r&&console.warn GAd %s %d MISSED TOTALLY yo %s %d r %sn,l ned d e,o,n,d,l var %s, %s, 0 l IS BACKFILL! slot Render Ended EMPTY!!! %s Slot %s DivID r&&console.error BB slot Render Ended gmxrcss gmxnoh3 -1 n.index Of -R3 slot Render Ended FOUND! %s Slot %s DivID %s Size %sl,o,n,a 1 -1 o.index Of Bf2 0 ISC IS.mobile FOUND! GT.display %s MISS! GT.display %s GMf 0 0 GMf 0 .length Gloop %s FOUND! GT.display %s MISS! GT.display %s GMf 2 0 GMf 2 .length GMf 1 0 GMf 1 .length DFP-rungptgmx4 / Europe Border / Cartel Chronicles Israel / Middle East Africa Asia Latin America All Justice BREITBART / Europe Border / Cartel Chronicles Israel / Middle East Africa Asia Latin America World Facebook Slow Joe Walls Work!Italian PM Resigns China Threat BoJo vs EU GlobalistsMSNBC's Ruhle A Recession Would Be Normal' and OK'6,072Trent Baker19 Aug 2019 Monday amid rumblings of the United States facing a potential recession, MSNBC Live commentator Stephanie Ruhle defended recessions, calling them a normal part of economic activity. We see them upturns and downturn. You want people feeling good. A recession doesn't mean it's a crisis, but if you're a sitting president, you don't necessarily want a recession on your watch. (news.financializer.com). As reported in the news.

mike cannon-brookes: Scott Farquhar and Mike Cannon-Brookes are Australia's first ever tech billionaires, having built software company Atlassian from scratch, now worth an eye-watering 50 billion, according to Nine News Australia. The billionaire tech whizzes behind the Atlassian empire are set to reveal their secrets for startup success this Sunday on 60 Minutes. 60 Minutes Their software products are used by some of the world's biggest institutions and companies, including the US Defence Department, NASA, Facebook and Twitter. To improve your experience update it here News World Aussie billionaire tech whizzes share their secrets By Sammi Taylor 60 Minutes Digital Producer10 33am Aug 19, 2019Facebook Tweet Mail The billionaire tech whizzes behind the Atlassian empire are set to reveal their secrets for startup success this Sunday on 60 Minutes.60 Minutes reporter Liz Hayes meets the young tech entrepreneurs from Australia that have taken the world by storm already two of Australia's wealthiest men at the age of 39. Mike and Scott met at university in Sydney. Farquhar and Cannon-Brookes say their goal is to make our politicians recognise the need for Australia to have a thriving tech industry. The pair quickly went from coding through all hours of the night, to building a multi-billion dollar empire with over 3000 employees worldwide and more than 130,000 customers. (news.financializer.com). As reported in the news.

work: Number 10 says the system allowing European Union citizens to freely live and work in the UK would look different with changes including tougher checks to prevent foreign criminals entering the country, according to Nine News Australia. The prime minister wants an Australian-style points-based immigration system tailored to suit the UK's needs after Brexit. To improve your experience update it here News WorldUK to end freedom of movement on Oct 31By AAP12 01am Aug 20, of movement will end on October 31, the British prime minister's office says following reports officials had warned against an immediate change on Brexit day if the UK leaves the European Union without a deal. Ministers were warned that dramatically changing the system on October 31 could leave the UK facing another Windrush a reference to the immigration scandal which led to Amber Rudd's downfall as home secretary. A source told the newspaper the document raised concerns that an interim immigration system would prove impossible to enforce because the government and employers would be unable to distinguish new arrivals from those already in the UK. It recommended that free movement should continue until the new immigration system was ready in January 2021 to provide maximum certainty to EU citizens and employers. Home Office officials produced a discussion paper for a ministerial no-deal Brexit meeting last week warning that doing so could present a handling and reputational risk for the government, the Times reported. (news.financializer.com). As reported in the news.

golf club: We're doing pretty darn well in my judgment, according to The Japan Times. Let's not be afraid of optimism. Larry Kudlow said in Sunday television interviews that consumers are seeing higher wages and are able to spend and save more. ; No, I don't see a recession, Kudlow said. A strong economy is key to Trump's reelection prospects. The president has spent most of the week at his golf club in New Jersey with much of his tweeting focused on talking up the economy. Consumer confidence has dropped 6.4 percent since July. (news.financializer.com). As reported in the news.

chinese spies: On Tuesday, protesters blocked passengers from boarding flights at the city's airport and later assaulted two men they accused of being Chinese spies, according to The Japan Times. The images damaged a campaign that until then had largely only targeted the police or government institutions, and prompted some soul-searching among protesters. Ten weeks of demonstrations have plunged the international finance hub into crisis and communist-ruled mainland China has taken an increasingly hard-line tone, including labelling the more violent protester actions terrorist-like. ; Clashes have broken out between police and hard-core protesters but the movement has won few concessions from Beijing or the city's unelected leadership. China's propaganda apparatus seized on the violence, with state media churning out a deluge of damning articles, pictures and videos. In the aftermath of Tuesday's airport chaos, some protester groups apologized and vowed to hold a huge rally on Sunday. State media also ran images of military personnel and armored personnel carriers across the border in Shenzhen, prompting the United States to warn Beijing against sending in troops, which analysts say would be a reputational and economic disaster for China. (news.financializer.com). As reported in the news.

curve: The yield on the 10-year U.S. Treasury note on Wednesday briefly traded below the yield on the 2-year note, marking an inversion of the yield curve a phenomenon seen as an often reliable recession indicator, albeit with an average lag of more than a year, according to Market Watch. In fact, the 10-year yield has traded below the 3-month T-bill yield since late May an inversion of that portion of the curve is seen by economists as an even more reliable recession indicator. Investors will be looking for clues in the week ahead that policy makers are listening, too. Read 5 things investors need to know about an inverted yield curve But the latest twist came amid a run of downbeat economic data out of Asia and Europe, as well as an intensifying U.S.-China trade war. At a very high level, people are really now genuinely concerned about a recession in the U.S. in the next two years, and I think that's fair, he said. Headline warning shot' The latest inversion doesn't guarantee doom, but it is a headline warning shot about what's been going on over the last few months, said Joe Mallen, chief investment officer at Helios Asset Management, which manages 16 billion in combined adviser assets, in an interview. (news.financializer.com). As reported in the news.

day fall: Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m, according to Market Watch. Eastern on Friday. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. See Fed not on red-alert after yield-curve inversion Many economists think the market most wants to hear a willingness from the Fed to do whatever it takes to combat any downturn. The Dow Jones Industrial Average DJIA, 0.96% saw the biggest one day fall this year on Wednesday, as longer-dated U.S. Treasury yields TMUBMUSD10Y, -1.58% fell briefly below short term yields, suggesting investors believe the first recession in a decade lies ahead. (news.financializer.com). As reported in the news.

growth: China's fixed-asset investment growth remained basically stable in the first seven months of the year, expanding 5.7 percent year on year thanks to robust high-tech investment, earlier data showed, according to Global Times China. Investment in high-tech manufacturing surged 11.1 percent, 5.4 percentage points faster than total investment growth, while investment in high-tech services grew 11.9 percent, 6.2 percentage points faster than the average growth. The projects were mainly in energy and transportation industries, according to Meng Wei, spokeswoman for the National Development and Reform Commission. Fixed-asset investment includes spending in infrastructure, property, machinery and other physical assets. China's Jan.-May fixed asset investment up 11.4 pct (news.financializer.com). As reported in the news.

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.