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

trade war: This is just a new variation of the China threat theory, which has long been used by some Western scholars to contain China, according to Global Times China. China's economic slowdown is a fact, but the nation is still the largest market for many well-known companies such as US automaker General Motors. This represents the popular view that a slowdown in the Chinese economy is a big threat to the world economy. The rise of China threat arguments around the world also can be taken as evidence that the Chinese market is now an important factor for transnational corporations and one that can determine their destiny. The trade war has accelerated the process as US tariffs push some labor-intensive manufacturers to relocate production to Southeast Asia. The Chinese economy is changing faster than expected amid the trade war with the US. The era of cheap labor in China is over, so the nation is striving to transform itself from being the world's factory to an advanced industrialized nation. (news.financializer.com). As reported in the news.

service liabilities: About 70 percent of that debt is guaranteed by entities such as onshore parent companies and their subsidiaries, the data show, according to The Japan Times. The amount of maturing debt will rise in coming quarters, with 63 billion due in the first half of 2020 alone. ; The prospect of Chinese companies rushing to find dollars to service liabilities comes at a time when authorities have already allowed the currency to sink below 7 yuan per dollar amid a trade war with the U.S. The nation now risks a reprisal of what happened after the yuan's devaluation in 2015, when foreign-debt servicing contributed to a rapid decline in the country's foreign-currency reserves. On top of the 2 trillion in liabilities to foreign nationals captured in official data, mainland Chinese firms have around another 650 billion in debts built up by subsidiaries overseas, according to Bloomberg calculations. China's debt servicing risks can be underestimated with this part of the debt staying outside the official gauge, said Ji Tianhe, a strategist at BNP Paribas SA in Beijing, adding that the 3.1 trillion in foreign-currency reserves is just enough to cover the risks. The offshore Chinese yuan pared losses after falling to an all-time low against the dollar. The People's Bank of China set the yuan fixing rate at 7.057 per dollar Monday morning, stronger than forecast. (news.financializer.com). As reported in the news.

sanders: Bernie Sanders I-Vt. landed a rare early endorsement from a national union on Monday amid a competitive fight for organized labor groups and working-class voters in the Democratic presidential race, according to The Independent. The United Electrical, Radio and Machine Workers of America threw its weight behind the independent from Vermont at its convention in Pittsburgh, where Sanders delivered a fiery address lambasting President Trump and vowing to champion workers with new initiatives and protections. Bruce Schreiner/AP By Sean Sullivan and Sean Sullivan Reporter covering national politics Email Bio Follow David Weigel David Weigel National reporter covering politics Email Bio Follow August 26Sen. It's time that the working class got on the offensive, said Sanders, who received loud applause from the audience. The organization, which represents some 35,000 workers, is only the second national union to make an endorsement in the primary. In a written statement, the union's president, Peter Knowlton, called Sanders unafraid to challenge Corporate America's stranglehold on our economy. (news.financializer.com). As reported in the news.

tokyo stocks: Beijing said it would slap retaliatory tariffs on 75 billion worth of U.S. goods, while U.S. President Donald Trump immediately vowed to fight back, according to The Japan Times. The Nikkei suffered a major setback after a two-session rise, also pressured by the yen's strengthening against the dollar, with the Japanese currency attracting safe-haven buying amid worries that the worsening U.S.-China trade war may lead to a global economic slowdown, market players said. At 9 03 a.m., the 225-issue Nikkei touched a low of 20,172.76, down 537.18 points, or 2.59 percent, from Friday's closing. ; Tokyo stocks skidded lower almost across the board, after the Dow Jones industrial average finished Friday's trading with a loss of more than 600 points as U.S.-China trade tensions escalated. In Tokyo currency trading, the dollar was quoted at 104.88-92 at 9 a.m., down sharply from 106.63-64 at 5 p.m. Reflecting risk aversion among investors, Japanese government bonds attracted buying, with the benchmark 10-year JGB yield dropping to a three-year low of minus 0.265 percent in early trading on Monday. Friday. (news.financializer.com). As reported in the news.

twitter account: This shows that Chinese investors are becoming more confident, as they found that the trade war didn't affect the nation's economy as much as they had anticipated, according to Global Times China. Investors in the US, on the other hand, have started to feel panicky about the negative impact of the dispute, which they didn't care too much about in the beginning, experts said. Photo IC US President Donald Trump's tariff hike announcements for China, often made on his personal Twitter account, are gradually losing their impact on A shares as the Chinese mainland capital markets have grown increasingly immune to news about the trade spat, while such news often causes quite a storm on US stock markets. The Shanghai Composite Index fell 1.17 percent on Monday while the Shenzhen Component Index was down 0.98 percent. He also said the US would raise tariffs on 300 billion worth of Chinese products effective from September 1 from 10 percent to 15 percent. The two markets fell following Trump's tweet on Friday US time that the US government will raise tariffs on 250 billion of Chinese goods to 30 percent from 25 percent starting on October 1. (news.financializer.com). As reported in the news.

comcast corp: The stock increased 1.80% or 0.76 during the last trading session, reaching 43.19, according to MSNBC. About 4.73 million shares traded. High Pointe Capital Management Llc who had been investing in Comcast Corp for a number of months, seems to be less bullish one the 196.32B market cap company. Comcast Corporation CMCSA has risen 21.74% since August 26, 2018 and is uptrending. Some Historical CMCSA News 09/05/2018 Disney could choose to split Fox's assets with Comcast instead of starting a bidding war; 26/04/2018 Comcast, Elliott and Takeda test government's taste for M&A; 21/05/2018 Comcast's lush new storefronts are reminiscent of Apple Stores; 17/04/2018 Comcast Introduces Gigabit Internet Service In Vermont; 07/05/2018 EU PRESS OFFICE COMMENTS IN EMAIL ON COMCAST; 22/03/2018 Jesse Rodriguez BREAKING NOW ON Trump lawyer John Dowd out, NBC News confirms; 24/05/2018 Comcast and Disney fight it out for 21st Century Fox assets; 10/05/2018 Comcast is planning to make a 60 billion, all-cash offer for some of Fox's assets including 2.5 billion in break-up fees if the deal runs into regulatory trouble; 23/05/2018 Comcast Considering Superior All-Cash Offer To Acquire Twenty-First Century Fox After Spinoff Of New Fox ; 10/03/2018 Hometown Source Chilkoot Cafe gets Olympic boost from national Comcast commercial featuring Jessie Diggins Condor Capital Management decreased its stake in Philip Morris Intl Inc PM by 22.59% based on its latest 2019Q1 regulatory filing with the SEC. Condor Capital Management sold 5,561 shares as the company's stock declined 2.53% . The institutional investor held 19,055 shares of the farming and seeds and milling company at the end of 2019Q1, valued at 1.68M, down from 24,616 at the end of the previous reported quarter. It has outperformed by 21.74% the S&P500. (news.financializer.com). As reported in the news.

character-based: An eight-part series, Clickbait is described as a character-based thriller exploring the ways in which our most dangerous and uncontrolled impulses are fuelled in the age of social media . The show is a co-creation of respected showrunner and producer Tony Ayres The Slap, Nowhere Boys, The Family Law, Seven Types of Ambiguity and Australian novelist and screenwriter Christian White, according to The Guardian. The Harry Potter and Gravity producer, David Heyman, has also been attached to the production, and it will be directed by Brad Anderson The Sinner . Netflix won't tell Australian stories. The series, called Clickbait, will be the third local show commissioned by the streaming giant, following the 2018 supernatural drama Tidelands and the widely panned Chris Lilley comedy, Lunatics, which premiered earlier this year. We need the ABC for that, says Mark Scott Read more Clickbait will be supported by the federal government through its location incentive program, and will also receive funding from the Victorian government through Film Victoria's Production Incentive Attraction Fund. The changes made global streaming giants such as Netflix and Amazon eligible for benefits that were previously only available to established film and TV producers. In April, the federal government expanded its tax offsets incentive scheme for international investment in local productions. (news.financializer.com). As reported in the news.

index: The yuan slid 0.6% to 7.1425 per dollar, while the Shanghai Composite Index closed 1.2% lower, according to Xinhua China. Hong Kong stocks tumbled earlier Monday after China and the U.S. announced additional levies on each other's goods, and President Donald Trump called for American companies to pull out of Asia's largest economy. The Hang Seng Index closed down 1.9% in Hong Kong, after falling as much as 3.6%. Meat producer WH Group Ltd., AAC Technologies Holdings Inc. and Cnooc Ltd. were among the worst performers. Equities pared declines after the U.S. leader said Monday the Chinese government called his team to restart talks. Pessimism prevails in the market, said Banny Lam, head of research at CEB International Investment Corp. Adding to the risk-off sentiment, Hong Kong police and protesters clashed for a 12th weekend and China sent the strongest warning yet it's thinking of using troops on the city's streets. (news.financializer.com). As reported in the news.

planet: Imagine an editorial team that brings its progressive values and worldview to the newsroom each day, according to MSNBC. Imagine an outlet that worries about peace and justice, the common good, and the survivability of the planet instead of quarterly earnings, the needs of private equity investors, or a publisher trying to maximize returns. IMAGINE a news room that never has to worry about upsetting a corporate advertiser. While the corporate media system lies to its audience day after day, Common Dreams has a different model. Can you please chip in what you can no amount is too large or too small to help keep us going DONATE NOW Support Independent Journalism. But this model is only possible because of you. (news.financializer.com). As reported in the news.

jos: Once the factories started closing, then the schools closed, the shops closed, even the chapel closed, says Maria Jos Santos Salvado, a wizard with needle and thread who was laid off as a textile patcher when her factory shut in 2011, according to The Guardian. All the young people left. Nestled in the mountains in the Portuguese interior, this pretty town has suffered a familiar kind of slow-motion decline. Manteigas became a town of old people. But are fortunes about to reverse for people like Salvado After the surprise intervention of a husband-and-wife team from Lisbon, the looms of her old factory are chugging noisily once again. It's a common enough story in southern Europe, where rural decline is a long-term tendency that has accelerated since the financial crisis. (news.financializer.com). As reported in the news.

ftse: A total of 87 A-share stocks will be newly included in the FTSE Global Equity Index starting from September 23, the index provider announced on Friday, according to Global Times China. This is the second phase of FTSE Russell's three-stage step to incorporate A-share stocks. The move is likely to attract up to 5 billion in incremental capital from overseas investors into the A-share markets -- not a sensational amount but one that would boost confidence as China further internationalizes its financial markets, one domestic expert said. The company began incorporating Chinese equities in June, and the additions are being made in three stages ending in March next year. According to Zhang, the FTSE's planned A-share change in weighting in September will bring about 4 billion of index-replicating passive investment capital inflows, as well as an extra of 900 million in active investment capital. The FTSE Russell's inclusion of A shares is another example of global index providers' recognition of A shares, which, although giving limited stimulus to the markets, would give a clearer sign of investment direction for international investors, Zhang Xia, chief strategy analyst at China Merchants Securities, told the Global Times on Sunday. (news.financializer.com). As reported in the news.

cooperation development: France introduced a 3% tax last month on digital companies that may be headquartered elsewhere but do billions in digital business such as advertising and retail in France, according to Market Watch. That includes companies like Alphabet's GOOGL, 1.53%GOOG, 1.53% Google, Amazon AMZN, 1.10% and Facebook FB, 1.47% but also big Chinese and French online businesses too. Angel Gurria, secretary general of the Paris-based Organization for Economic Cooperation and Development, said Sunday at the Group of Seven summit in France that what we are seeing is a very strong and a very clear signal of wanting to find a multilateral solution. The move has angered U.S. President Donald Trump, who is threatening tariffs on French wine in retaliation. The French government says it will drop the tax if there's a solution in the OECD process, which aims for a result by the end of 2020. The aim of the French tax is to stop the companies from setting up regional headquarters in low-tax jurisdictions to limit their exposure in high-tax countries like France. (news.financializer.com). As reported in the news.

curse millennials: Jonathan Burton INVESTING NEWS & TRENDS Millennials are the new face of the retirement crisis Why a longer lifespan is both a blessing and a curse, according to Market Watch. Millennials are the new face of the retirement crisis The U.S. stock market right now is riskier than you think Big stock gains so far in 2019 mean little to the longer term. Plus, read about why the U.S. stock market is riskier than you think, dividend-paying stocks to consider now, bond investment advice, and the basics of socially responsible stock funds. The U.S. stock market right now is riskier than you think Cheap money could deliver big fourth quarter for stocks, but it's just delaying the inevitable, strategist warns Don't be fooled, people, it's all a giant con game, according to the Northman Trader blog's Sven Henrich. Negative-yielding bonds do not mean negative-yielding bond funds Interest rate cuts could make these bonds an attractive target Home-builder bonds, not often seen as defensive,' get bullish lift from Fed cut and wage growth. Cheap money could deliver big fourth quarter for stocks, but it's just delaying the inevitable, strategist warns 25 dividend-paying stocks selected for value by an outperforming money manager John Buckingham of The Prudent Speculator provides a special screen of dividend stocks for Market Watch readers.25 dividend-paying stocks selected for value by an outperforming money manager Negative-yielding bonds do not mean negative-yielding bond funds A thought experiment from an analyst shows how there may be some appreciation in bond funds. (news.financializer.com). As reported in the news.

european allies: We're going to do a very big trade deal bigger than we've ever had with the U.K., Trump said, according to The Japan Times. At some point, they won't have the obstacle of they won't have the anchor around their ankle, because that's what they had. Johnson, who faces a delicate task of assuaging European allies while not angering Trump at a Group of Seven summit in France, said trade talks with the United States would be tough but there were huge opportunities for British businesses in the U.S. market. ; Speaking to reporters with Johnson ahead of a trade-focused bilateral meeting, Trump said Britain's membership of the EU had been a drag on efforts to forge closer trade ties. So, we're going to have some very good trade talks and big numbers. Opponents fear Brexit will make Britain poorer and divide the West as it grapples with both Trump's unconventional presidency and growing assertiveness from Russia and China. With less than three months until an Oct. 31 deadline, it is still totally unclear, how, when or even whether Britain will leave the EU. The uncertainty around Brexit, the United Kingdom's most significant political and economic post-war move, has left allies and investors aghast and roiled markets. (news.financializer.com). As reported in the news.

farmers others: They spent 127 million over the past two decades or so funding anti-global warming causes, according to Greenpeace research, according to Global Times China. But governments, companies and investors have already consigned to the scrap heap his belief that free markets cure all ills. He, along with his brother Charles, ran fossil-fuel conglomerate Koch Industries. Forest fires can, of course, start naturally. And in the Amazon they are often caused by loggers, farmers and others wanting to clear land for their businesses. But climate change is making them burn more quickly. (news.financializer.com). As reported in the news.

grenade launcher: Earlier this year, the two might not have drawn the attention of U.S. law enforcement. ; But ever since a young racist slaughtered 22 at a Texas Walmart Inc. store, and another man murdered 10 in Ohio three weekends ago, the FBI has arrested at least seven right-wing extremists in what appears to be a more earnest effort to target white nationalist threats in the United States, according to The Japan Times. These are some examples of the deeply disturbing cases On Aug. 8, a 23-year-old Las Vegas security guard who communicated with neo-Nazis was arrested with bomb-making materials and indications he might target a synagogue or gay nightclub. Another had over 18 weapons, including sawed-off shotguns, AR-15s and a grenade launcher. A week later, a Connecticut man, 22, was detained after suggesting online that he would carry out a mass shooting. On Aug. 12, an 18-year-old who voiced support for mass shootings was indicted for threatening to kill law enforcement officers. At his home, investigators found multiple hand and long guns, camouflage outfits, titanium body armor and a combat helmet. (news.financializer.com). As reported in the news.

increase investment: It's just one beautiful daydream of US President Donald Trump that US companies will give up China, Liang Ming, a research fellow of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce MOFCOM told the Global Times on Sunday, according to Global Times China. Trump ordered US companies to immediately start looking for an alternative to China, including bringing your US companies home and making your products in the US, according to a series of tweets he posted on Friday. Photo VCG It's ironic that large US companies are either stressing their determination to take root in the opportunity-rich Chinese market, increase investment, or pluck up the courage to enter China for the first time, at a time when the US president is ordering them to give up a market that is cherished by international companies for its huge growth potential. Trump announced on Twitter on Saturday that he will raise tariffs on 250 billion in Chinese goods to 30 percent from 25 percent starting on October 1. Say 'no' with action Contrary to what Trump has hoped and ordered, US companies are actually speeding up their business layout in the Chinese market. He also said to raise tariffs on another 300 billion in products effective from September 1 from 10 percent to 15 percent. (news.financializer.com). As reported in the news.

mnuchin: He would have the authority to do that, according to The Japan Times. He has not done that, Mnuchin told Fox News Sunday. Treasury Secretary Steven Mnuchin and White House economics adviser Larry Kudlow took to the airwaves from France, where Trump is participating in the G7 summit, to smooth out tensions in the business community prompted by Trump's Friday tweet. ; Trump said he has no plan now to bring U.S. companies in line, and his aides quickly reinforced the message. Mnuchin said that authority comes from the somewhat obscure International Emergency Economic Powers Act IEEPA a federal law passed in 1977. But it has never been used to tip the scales in a trade dispute. The law grants the president powers to regulate international trade in the face of an unusual and extraordinary threat from abroad to U.S. foreign policy, national security or the economy. (news.financializer.com). As reported in the news.

citizenship: She had assumed that her US citizenship had lapsed, according to The Guardian. The pensioner, who did not want her name published, said I felt hounded I didn't understand US tax law. In one case, a 74-year-old living in Cambridge has been sent increasingly urgent letters from Barclays demanding her American tax identification number, even though she left the US on the RMS Queen Elizabeth in 1947 when she was just 18 months old. An increasing number of Britons many of whom have never spent a day of their working lives in the US are being chased by their banks, which are insisting that they hand over their American tax identification numbers or risk having their assets frozen. But this leaves thousands of so-called accidental Americans, who were born in the US but left as toddlers, in a near-impossible situation. British banks are terrified of huge fines from US regulators if they continue to serve US citizens but fail to share information with the US Internal Revenue Service, the country's taxation authority. (news.financializer.com). As reported in the news.

gathering: The G7 gathering is taking place against a backdrop of worries about a global economic downturn and coincides with an era of international disunity across an array of matters, according to Nine News Australia. Before I arrived in France, the Fake and Disgusting News was saying that relations with the 6 others countries in the G-7 are very tense, and that the two days of meetings will be a disaster, Trump wrote on Twitter shortly before meeting new British Prime Minister Boris Johnson. To improve your experience update it here News World Behind the bonhomie, rifts emerge at G7By AAP9 53pm Aug 25, Donald Trump insists he's getting along well with leaders at the G7 summit in France, but rifts emerged with his Western allies on issues ranging from his trade war with China to Iran, North Korea and Russia. Well, we are having very good meetings, the Leaders are getting along very well, and our Country, economically, is doing great - the talk of the world! Tensions were quickly on show, however, as the first full day of talks between the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States got underway in the Basque coast resort of Biarritz in southwest France. Britain's Johnson voiced concern on Saturday about creeping protectionism and said those who support tariffs are at risk of incurring the blame for the downturn in the global economy . Related Articles Russian agency reveals 'cloud of radioactive gases' swept over town after mysterious explosion Macron delivers on Iran, little else at G7Trump says trade deal coming, China demurs Sitting across from Trump on Sunday, he said We're in favour of trade peace on the whole, and dialling it down if we can. Before leaving Washington Trump stepped up his tariff war with Beijing in a battle between the world's two largest economies that has spooked financial markets, and called on US companies to move out of China. (news.financializer.com). As reported in the news.

ifm use: It follows a 150m investment, 12 months ago, from the Clean Energy Finance Corporation CEFC to encourage emissions reduction projects in Australia's biggest infrastructure projects, according to The Guardian. Clean energy financier invests 150m in infrastructure fund to lower emissions Read more The aim was to have IFM use its position on the board of critical infrastructure companies to introduce firm emissions reduction targets and reporting requirements within the year. IFM Investors announced on Monday that Melbourne, Brisbane, and NT airports, as well as NSW Ports, the Port of Brisbane, Southern Cross Station, and electricity network Ausgrid, would commit to a carbon abatement plan in an effort to align the fund's critical infrastructure assets with Australia's Paris targets. Ausgrid carbon reduction initiative. IFM Investors is pleased to be taking an active role as a major infrastructure investor to work with the CEFC and our assets' management teams to set carbon abatement targets and commit to annual progress reporting, IFM head of Australian infrastructure, Michael Hanna, said. In a statement, IFM said the commitments would reduce carbon dioxide emissions by 200,000 tonnes per year by 2030, the equivalent of removing 70,000 cars from the road. (news.financializer.com). As reported in the news.

non-judgemental person: Also common abortion complications, lost condoms and misadventures with food, according to The Independent. I think people contact me directly because they don't have access to healthcare; because they are embarrassed and think erroneously they are the only ones to experience such a misadventure; because they worry their providers will be judgemental sadly, this is not uncommon ; because there is so much misinformation online that it is hard to separate the good from the bad; or simply because they're really scared and it's 3am and just maybe I'll answer. Smear tests, missed periods and hot flushes are my bread and butter. I'm proud that people confide in me, not just as a medical professional, but also as a non-judgemental person. 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. It seems that almost nothing is off the table. (news.financializer.com). As reported in the news.

morgan stanley: Thirty-four percent of economists in a poll released earlier this month by the National Association for Business Economics predict that a slowing economy will veer into recession in 2021, up from 25% in February, according to Market Watch. What's more, another 38% expect it to occur in 2020. When you get back to your desk in September, start prepping your finances for a possible recession. Don't miss The investing opportunity of a lifetime awaits us when the recession arrives The New York Federal Reserve puts the probability of a recession within a year above 30%. The Cleveland Federal Reserve puts it even higher, above 40%. Morgan Stanley's MS, 2.11% chief U.S. economist, Ellen Zentner, is more hopeful, but recently said For now, the path to the bear case of a U.S. recession is still narrow, but not unrealistic. Here are 10 things you can do right now 1. And that was before the turmoil on the Dow Jones Industrial Index DJIA, 1.05%, and S&P 500 SPX, 1.10% over the last few weeks. (news.financializer.com). As reported in the news.

right: But what drew me to the city didn't fit with the quirks and irony I'd heard about, according to The Independent. I was in Portland because of a killing. They celebrate their idiosyncrasies. The death of Larnell Bruce Jr got a lot of attention across Oregon and the US more broadly, because the final moments of this 19-year-old's life were captured on CCTV. The footage went viral. The dull macabre hum of easily shared clips documenting police brutality and moments of the far right on the march is something way too many of us have seen. Many of us have become used to seeing racism play out on our phones or laptops. (news.financializer.com). As reported in the news.

sealing rapprochement: But two months later, Johnson threw his considerable charisma behind Brexit, setting in motion a chain of events that would bring the two together as allies at the Group of Seven summit, according to The Japan Times. They have spoken at least five times in the month since Johnson became U.K. prime minister, sealing a rapprochement that was already evident at the United Nations in 2017. How times change. ; Johnson was London's popular mayor, Trump a presidential outsider attacking the U.K. capital on the campaign trail. Johnson, then foreign secretary, approached Trump with a warm handshake and a matching look of black suit, red tie and similar blond hair. The British premier knows how to turn on the charm. It was classic Johnson animated chatter, arms gesturing wildly. (news.financializer.com). As reported in the news.

youth services: Or, to put a more human face on it, 1.4 million older people are not receiving the home care they need, 155 women and 103 children are turned away by refuges every day and hundreds of libraries, youth services, Sure Starts and day centres are closing weekly, according to The Independent. At the current rate, the main job of resilience forums will be putting up yet more shutters. The reasonably sane response might be what public services Central government funding for local government will have fallen by 56% in the 10 years to 2020. All of which affects both men and women but no change is gender neutral in the damage it inflicts. So who will speak up If women counted, what kind of an economy might we have Wednesday 18 September sees the 30th birthday of the Women's Budget Group WBG an independent thinktank that is now part of a global network of feminist economists who are growing in influence, particularly in places where there is an insightful leader such as New Zealand, with Jacinda Ardern. Women have already paid a far heavier price from austerity and, deal or no deal, worse is to come. (news.financializer.com). As reported in the news.