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

angela merkel: Mr Johnson had sent a letter to EU officials calling for the Irish border backstop to be removed from the Brexit withdrawal agreement but presented no alternative to the policy, 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. Brussels issued a damning dismissal of Mr Johnson's call to scrap the policy, while Angela Merkel said a practical solution would have to be found without reopening the withdrawal agreement negotiated by Theresa May. You can form your own view. Subscribe now Donald Tusk, the president of the European Council, effectively accused the prime minister of wanting to wind the clock back on the Northern Ireland peace process, as well as deception. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

business trip: The trade and investment officer at the consulate's Scottish Development International went missing after crossing the border into the Chinese city for a business trip, Hong Kong news outlet HK01 reported, citing an interview with his family and girlfriend, 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. Simon Cheng Man-kit, who works at the British Consulate-General, failed to return on 8 August after visiting neighbouring Shenzen the day before, according to local media. You can form your own view. Subscribe now We are extremely concerned by reports that a member of our team has been detained returning to Hong Kong from Shenzhen, a representative of the Foreign and Commonwealth Office said in a statement released by the British embassy in Beijing. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

document aug: Epstein signed the document Aug. 8, according to The Japan Times. Less than 48 hours later, he was found dead in his cell, prompting an investigation that has cast a harsh light on staffing shortages at the Manhattan detention center. Court papers filed last week in the U.S. Virgin Islands list no details of beneficiaries but valued the estate at more than 577 million, including more than 56 million in cash. ; The existence of the will, first reported by the New York Post, raised new questions about Epstein's final days inside the Metropolitan Correctional Center, where he was awaiting trial on federal sex trafficking and conspiracy charges. Prosecutors on Monday moved to dismiss the indictment against Epstein but have said they are considering charging others with facilitating his alleged abuse of dozens of girls. Several attorneys vowed to go after his assets even if the will had named beneficiaries, as Epstein's death means there will be no trial on the criminal charges against him. The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were sexually abused by Epstein when they were teenagers and recruited into his residences to provide him massages. (news.financializer.com). As reported in the news.

erik finman: We're going to finally bring crypto to the people in ways that Facebook Libra only wishes they could, he wrote in a Twitter post announcing the launch of Metal Pay, according to The Independent. This. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first all-in-one cryptocurrency payments app and will change the way people send and receive money. Is. Libra. The. (news.financializer.com). As reported in the news.

everyone: The entire world is roughly 225% leveraged to its economic output, according to Market Watch. Emerging markets are a bit less and advanced economies a little more. While some countries are more indebted than others, few are in good shape. But, regardless, everyone's real debt is likely much bigger, since the official totals miss a lot of unfunded liabilities and other obligations. It has a price, which like anything else can go up or down. Debt is an asset owned by the lender. (news.financializer.com). As reported in the news.

funds rate: Fed Chairman Jerome Powell called the July rate cut a mid-cycle adjustment, and it has bought the Fed precious little as markets sold off in the wake off more trade tensions and yields continued to plummet, according to Market Watch. And now the markets are demanding more a lot more. Everyone from the president on down is demanding interest-rate cuts, lots of them. A 50-basis-point cut to the federal funds rate appears to be the bare minimum investors are demanding for September. And what markets are currently pricing in is anything but a mid-cycle adjustment Bloomberg Caption outside of wrapper for normal article images That is nearly a 100-basis-point rate cut over the next year. Call it pricing it in, and the implication is clear The Fed can ill afford to disappoint. (news.financializer.com). As reported in the news.

inspection progress: Tesla's new factory in China is located in Shanghai's Lingang zone, which is a new area that was just added to the Shanghai Free Trade Zone on Tuesday, according to Global Times China. The new area encompasses 119.5 square kilometers. It has only been 10 months since the land grant contract for the factory was signed, which shows local authority's efforts to foster a better business environment in Shanghai, domestic news site thepaper.cn reported on Tuesday. The Lingang government on July 11 set up a special group to hasten the inspection progress of the Gigafactory's construction projects, in order to meet its target of finishing inspection when the construction is done, the report said. It has only been seven months since the workshop construction began, and the factory is expected to kick off production at the end of the year. Tesla updated on its official Weibo account on August 7, stating that the construction of its Shanghai factory was going smoothly. (news.financializer.com). As reported in the news.

company: The removal of 13 of the 20 most popular shows is problematic, and Disney has a weapon that Netflix doesn't have a bundle, according to MSNBC. While Netflix as a company will not vanish, I think that the stock won't be a good investment over the next NFLX has been a beast of a company and a beast of a stock since its IPO. This is the incredible return it has seen Data by YCharts Besides the 25,210% return, which would have turned 10,000 into 2.52M, you can also see that it has been a while since the stock has seen its all-time high. NFLX Includes AAPL, AMZN, DISby From Growth to Value From Growth to Value Long-term horizon, long only, dividend investing, growth at reasonable price Summary Both the company and the stock have been incredible up to now, and Reed Hastings is a visionary CEO. Netflix has a very dominant position in streaming, with a global market share of 71%. There is a high mountain of debt from a negative cash flow, and now, competitors come into the ring who are as deep-pocketed as Netflix. In this article, I will argue that the all-time high of Netflix, which it saw in June 2018 at 423 could be the peak for a very long time and why it could be cautious to sell your shares now. For me, Hastings is one of those few CEOs that will be looked back on with admiration for a very long time to come, in the league of Steve Jobs, Bill Gates, Jeff Bezos and other icons of capitalism. Netflix an incredible story Before we start, you should know that I have the highest esteem for both Netflix and its visionary CEO Reed Hastings. (news.financializer.com). As reported in the news.

critics reply: His critics reply that they're only stating the facts just like they did with Russiagate The word recession is inappropriate We're very far from a recession, Trump said on Tuesday, adding that his critics would love to see an economic downturn, according to MSNBC. Earlier, he tweeted a video clip of Fox Business host Lou Dobbs blaming radical Democrats for the recession Donald J. Trump real Donald Trump August 20, 2019He is not the only one to accuse the media of hyping an imminent disaster. His critics reply that they're only stating the facts just like they did with Russiagate morelive 08 20 GMT, Aug 22, 2019search Menu var slots 'usa banner' ; ; function e if ; ; HomeUSA News Russia, Racism Recession Trump says Democrats hope for economic bust to hurt him in 2020Published time 20 Aug, 2019 22 19 Edited time 21 Aug, 2019 09 28Get short URLThe New York Stock Exchange in this August 14, 2019 file photo REUTERS/Eduardo Munoz Follow RT onUS President Donald Trump is accusing Democrats and the media of trying to bring about a recession in order to hurt his 2020 re-election. Democrats are rooting for a recession, Fox News host Laura Ingraham tweeted out Tuesday, asking if the opposition is purposefully trying to undermine and divide America. MSNBC host Stephanie Ruhle denied she was wishing for a recession, calling such claims categorically false and arguing that she was just reporting forecasts & giving historical context. The liberal media is so deranged by President Donald Trump that they're now cheering for the economy to tank, his campaign manager Brad Parscale said, singling out MSNBC coverage. (news.financializer.com). As reported in the news.

forces treaty: Ground-launched versions of the missile had been removed from service decades ago, after the Intermediate-range Nuclear Forces treaty was signed by Ronald Reagan and Mikhail Gorbachev in 1987, according to The Guardian. The treaty's ban on missiles with ranges between 500km and 5,500km aimed to reduce the ability of both countries to launch a nuclear strike at short notice. The ground-launched missile, a version of the nuclear-capable Tomahawk cruise missile, hit its target after over 500 kilometres of flight during Monday's test, the Pentagon said in a statement. Russian Deputy Foreign Minister Sergei Ryabkov condemned the latest US missile launch, but said Moscow was not looking to start a new arms race, and would not deploy any new missiles unless the US did first. We will not succumb to provocations, the TASS news agency quoted him saying. All this elicits regret, the United States has obviously taken the course of escalating military tensions. (news.financializer.com). As reported in the news.

half: In the short run, therefore, the agreed sale of the pub and beer business Greene King to the Hong Kong property company CKA looks like good news, according to The Guardian. On closer inspection, it is a classic case of glass half empty, glass half full. Changing consumer habits and the availability of cheap supermarket offers has resulted in boarded-up and demolished boozers all over the country. On the glass half full side, the willingness of CKA to pay a hefty 50% premium on the Greene King share price to grab the company's portfolio of 2,700 pubs, restaurants and hotels suggests that overseas investors are looking through any Brexit disruption and envisage the economy bouncing back. From the glass half empty perspective, CKA is merely the latest in a string of overseas predators taking advantage of the weakness of sterling to pick up UK assets on the cheap. Given that consumer spending has surprised on the upside since the EU referendum, that's a reasonable assumption. (news.financializer.com). As reported in the news.

metals: We have effectively zeroed-out Iran's export of oil, Hook said, according to MSNBC. We have sanctioned Iran's export of petro-chemicals, industrial metals, precious metals. Speaking to reporters in New York on Tuesday, US special envoy for Iran Brian Hook assailed the Islamic Republic, demanding an end to its lethal assistance...to terrorist organizations, and running down a list of economy-ruining American sanctions currently imposed on the country. We have collapsed foreign direct investment. Iran is in a recession. We have seen significant asset flight leaving the country. (news.financializer.com). As reported in the news.

tribunal ruling: Beijing claims most of the South China Sea, including waters close to Philippine shores, and has ignored a 2016 international tribunal ruling that declared their assertion is without basis, according to The Japan Times. Duterte had earlier this month mentioned the trip, where he said he intended to finally discuss the ruling with Xi. While Duterte has embraced China and had largely set aside a once-tense standoff over the resource-rich waterway, a series of confrontations have stoked domestic discontent. ; Duterte heads to China on Aug. 28 and is due to return to the Philippines on Sept. 2, his spokesman, Salvador Panelo, told journalists on Tuesday. I have about two more years, plus months left in office . It's about time that we start talking, said Duterte at the time. The visit marks a turnaround for Duterte, who had revived once-icy diplomatic ties with Beijing after being elected in 2016 when he set aside the maritime ruling in favor of wooing Chinese aid, trade and investment. He also said he would press Beijing to conclude long-running talks with neighboring countries that also have claims to the disputed sea on rules for avoiding accidental clashes. (news.financializer.com). As reported in the news.

japanese clients: They make fluorinated polyimide, hydrogen fluoride and photoresist essential ingredients for the manufacture of the displays and semiconductors that go into every piece of modern consumer electronics, from Apple Inc. iPhones and Dell Technologies Inc. laptops to the full range of Samsung Electronics Co. devices. ; How did they become so indispensable And how did they manage to stay on top even after their Japanese clients ceded the chip and display markets to Taiwanese and South Korean rivals The answer lies in a series of well-timed investments decades ago, combined with a willingness to explore foreign markets and an unceasing refinement of manufacturing standards too exacting for anyone else to try and match, according to The Japan Times. JSR is an interesting case in that they became big in photoresists because they succeeded overseas first, said Damian Thong, an analyst at Macquarie Group Ltd. The most powerful weapon in Tokyo's campaign against its neighbor turned out to be a half dozen or so niche firms with names like JSR Corp., Shin-Etsu Chemical Co. and Tokyo Ohka Kogyo Co. And much of this success was because of the strategy of one man Mitsunobu Koshiba. Koshiba spearheaded the company's pivot into photoresists, a light-sensitive liquid used to imprint circuits as narrow as a few strands of DNA onto silicon wafers in a process called lithography. The JSR chairman's story shows just how hard it would be for a newcomer to fill the shoes of one of these suppliers. (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, 0.10% 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.

reform opening-up: Shenzhen will again become a pilot demonstration area, companies have said, according to Global Times China. The city was the first special economic zone established in China and a model for reform and opening-up. Shenzhen-based companies that are poised to benefit from the plan already operate in a wide range of businesses including finance, fintech, telecommunications, new energy, biomedical science and real estate. Companies based in the city drew a new wave of investment and their shares soared after the plan was announced. There will be development dividends for Shenzhen and the Greater Bay Area in the future, said BGI Group, which is a life science and genomics company based in Shenzhen, stcn reported on Tuesday. The shares of more than 30 Shenzhen-based companies rose by the daily 10 percent limit on Tuesday after an average increase of 5.6 percent on Monday. (news.financializer.com). As reported in the news.

value: The report showed an 8 percent increase in the value of domestic strategic M&A with 28 mega-deals and deal volume climbing 12 percent, according to Global Times China. Foreign inbound investments rose by 64 percent in volume but declined by 29 percent in value. Xinhua/Ren Pengfei Deal volumes of China's mergers and acquisitions M&A increased in most sectors, with high technology investments remaining in the number one position in volume terms, according to a PwC report released Monday. With outbound opportunities limited and the trade-war in play, China's renewed focus on its domestic economy drove an increase of domestic strategic M&A both in deals value and volume, said George Lu, PwC Chinese mainland and Hong Kong outbound deals leader. In addition, the consumer, technology and healthcare sectors appeared to be active. A number of large transactions and reorganizations in the industrial sector were seen in the past six months. (news.financializer.com). As reported in the news.

pence: In fact, we want them to thrive, Pence said during a speech at the Detroit Economic Club, according to CNN. For the United States to make a deal with China, Beijing needs to honor its commitments, beginning with the commitment China made in 1984 to respect the integrity of Hong Kong's laws through the Sino-British joint declaration, Pence said. We don't want China's markets to suffer. As the President said yesterday, it would be much harder for us to make a deal if something violent happens in Hong Kong. The protest movement, which began in June over a now-shelved extradition bill, has since expanded to include calls for greater democracy and government accountability. Aides got Trump to delay tariffs by telling President it could 'ruin Christmas' Pence's stern words come a day after the President pivoted away from an earlier stance of neutrality over what happens to demonstrators in Hong Kong. (news.financializer.com). As reported in the news.

ocean lover: Ms Buckley was forced to flee for help last Friday morning when a man shot into their campervan near Raglan, southwest of Auckland, killing Mr McKinnon, according to Nine News Australia. Bianca is an avid surfer and ocean lover and our hearts are breaking for her, Lynne Hunt said on the Givealittle fundraising page. To improve your experience update it here News National Kiwi surfers support Aust victim's fiancee By AAP5 20pm Aug 20, 2019Facebook Tweet Mail New Zealand's surfing community is raising money to support Bianca Buckley, the fiancee of murdered Australian surfer Sean McKinnon. Whilst we cannot take away her pain or loss, we are wanting her to know she is surrounded by so much love and support at this time and that we are here to help in any way we can. New Zealand police on Tuesday announced a pre-arranged gun buyback would be held in the Waikato region on Wednesday and Sunday. Ms Hunt said the money raised - 5,228 by Tuesday afternoon - from New Zealand's Ocean Family would go to Ms Buckley to support her travelling back to her home in Canada or whatever else she'd like to do with it. (news.financializer.com). As reported in the news.

renegotiation: Tusk responded Tuesday by accusing Johnson of seeking to reestablish a border between Ireland and Northern Ireland, according to The Guardian. The withdrawal agreement is not open for renegotiation and the backstop is not open for change, a European Union source told The Guardian. Johnson wrote to European Council President Donald Tusk on Monday asking Brussels remove the Irish backstop from the withdrawal agreement, something it has repeatedly refused to consider. Ireland's governing party, Fine Gael, also rejected Johnson's demands to remove the backstop, which is designed to avoid the emergence of border checks on the island of Ireland.A Downing Street spokesperson said Unless the Withdrawal Agreement is reopened and the backstop abolished there is no prospect of a deal. See the rest of the story at Business Insider zone text Join the conversation about this story fixed text 'Shark Tank' star Robert Herjavec explains what makes America great text See Also text A Trump trade deal with the UK has 'no chance' of passing if Brexit disrupts the Irish border, warns Nancy PelosiEU citizens will face checks for NHS treatment after a no-deal Brexit Speaker Bercow will 'fight with every bone in my body' to stop Boris Johnson from forcing through a no-deal Brexit e The exchange keeps the UK firmly on course for a no-deal Brexit in October. fixed fixed / / / text European officials in Dublin and Brussels have immediately rejected UK Prime Minister Boris Johnson's new demand to renegotiate Britain's exit deal, ahead of his meetings later this week with German Chancellor Angela Merkel and French President Emmanuel Macron. text Johnson wrote to the European Council's president, Donald Tusk, on Monday demanding that the European Union drop the Northern Ireland backstop from the Brexit agreement. (news.financializer.com). As reported in the news.

right direction: Nuke Mars, the Tesla and Space X founder tweeted at the weekend, according to Nine News Australia. It's a step in the right direction . He even changed his Twitter profile to display the slogan Nuke Mars . The 48-year-old's tweets revisit an idea he first floated in 2015 during an appearance on The Late Show with Stephen Colbert. To improve your experience update it here News Technology Elon Musk has called for nuclear weapons to be fired at Mars By Matt Dunn Senior Producer12 38pm Aug 20, entrepreneur Elon Musk has called for nuclear weapons to be fired at Mars as a first step to making it habitable for humans. First, you're going to have to live in transparent domes, but eventually, you can transform Mars into an Earth-like planet. There's a fast way and a slow way. You can warm it up, he told Colbert. (news.financializer.com). As reported in the news.

week i: The trade tensions are harming global investment, wages and economic growth, Phillip Lowe told a business event in Sydney this week, according to Nine News Australia. I do not have a clear idea of what strategy the US has, Dr Lowe said, according to Nine newspapers, citing sources who attended the meeting. To improve your experience update it here News NationalRBA chief sounds warning on US-China spat By AAP8 02am Aug 21, 2019Facebook Tweet Mail The trade war between the United States and China poses the single greatest threat to the global economy, the Reserve Bank governor has warned. Some people in the US say that it is time for Team West to muscle up against China and that is very worrying. Long term, it's imperative that somebody does this because our country cannot continue to pay China 500 billion because stupid people are running it, he told reporters at the White House on Tuesday. But US President Donald Trump says China has to be taken on, arguing that the short term impacts are irrelevant, even if it means a local recession. (news.financializer.com). As reported in the news.

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.