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

hoover institution: The opinions expressed in this commentary are his own, according to CNN. He's vice president and managing director of the Lindsey Group, distinguished visiting fellow at the Hoover Institution and a CNN Economics Commentator. (news.financializer.com). As reported in the news.

energy: The funds will also help BBOXX, which operates in Rwanda, Kenya, Togo and the Democratic Republic of the Congo, to break into new African markets, where an estimated one in three people live without reliable access to electricity, according to The Guardian. BBOXX is one of a growing number of energy companies to plug into the demand for energy across Africa and south Asia. The conglomerate has taken a stake in off-grid solar company BBOXX through the start-up's latest funding round, which will power the Africa-focused company deeper into Asia. The falling cost of solar technology and the strength of mobile banking across Africa have encouraged major investments from global energy companies including US giant General Electric and France's EDF and Engie. The funding is further evidence of Japanese interest in Africa and in PAYG pay as you go solar energy globally, he said. Mansoor Hamayun, BBOXX's chief executive and co-founder, said Mitsubishi's extensive reach and technological expertise would help the company to supply more people living without access to modern utilities and services. (news.financializer.com). As reported in the news.

fund managers: He said investors should tell firms to help meet targets set by the Paris climate agreement, according to The Guardian. Welby said The situation we find ourselves in has rightly been called a climate emergency. Justin Welby said fund managers had not sufficiently stepped up to the plate to use their ownership of companies to press for change. We know it's unquestionable that investors acting together can influence outcomes on everything, including climate change. Welby's words are his most direct criticism of the fund management industry over the climate emergency. It is in investors' power to help avert the disastrous consequences ethical and financial of failing to achieve the Paris goals. (news.financializer.com). As reported in the news.

labor distribution: He is also head of the committee, according to Xinhua China. Efforts should be made to achieve such regional economic planning by improving space governance and adapting to each region's core functions and local conditions while utilizing appropriate labor distribution and optimized development, said Xi. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks at the fifth meeting of the Central Committee for Financial and Economic Affairs. Xi also called for efforts to leverage the country's institutional strengths and super-scale market advantages to boost basic industries and modernize industrial chains. China's current regional development is doing well, while the structure of economic development is undergoing profound changes and central cities and city clusters are becoming the major vessels for development, the meeting said. The meeting was also attended by other Party and state leaders, including Li Keqiang, Wang Huning and Han Zheng. (news.financializer.com). As reported in the news.

rotisserie chicken: Oil giant BP is teaming up with department store David Jones to roll-out fresh food shops at some of its petrol stations, according to Nine News Australia. Everything from sandwiches, sushi and rotisserie chicken to pre-prepared meals and long-life groceries will be sold at 10 service stations in Sydney and Melbourne. To improve your experience update it will be able to stock up and fill up as David Jones teams up with BPBy 9News Staff2 22pm Aug 27, will be soon be able to stock up on fancy food while they fill up. BP Australia's Vice President for Sales and Marketing Brooke Miller said the venture was about looking to the future. The new stores will invite customers to explore the future possibilities of retail convenience in Australia. The traditional service station offer of today will not fulfil the retail customer needs of tomorrow, she said. (news.financializer.com). As reported in the news.

summer doldrums: You're often facing weaker investor demand during this time of year, said Jason Merrill, a structured products investment specialist at Penn Mutual Asset Management, of the final days of August when vacations are in full swing, according to Market Watch. But we're also starting to see a more significant problem than summer doldrums. Collateralized loan obligation funds, or CLO funds, are the biggest holders of U.S. leveraged loans and a key source of funding for companies with heavy debt loads, but lately CLOs, which can hold hundreds of loans per fund, have seen liquidity concerns crop up for their riskier bonds. To purchase leveraged loans, CLOs borrow by selling bonds which are then due a portion of the loan pool's repayments. For one thing, investors have been asking for more compensation, or spread, to hold riskier CLO bonds amid the latest salvos of the U.S.-China trade war. While Top Triple A-rated bonds have seen little friction in secondary trading, things have gotten murky lately on lower-rated bonds with higher default risks. (news.financializer.com). As reported in the news.

right circumstances: Mr Rouhani said Iran was always ready to hold talks but first the U.S. should act by lifting all illegal, unjust and unfair sanctions imposed on Iran, 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. Mr Trump said on Monday he would meet Iran's president under the right circumstances to end a confrontation over Tehran's 2015 nuclear deal with six powers and that talks were underway to see how countries could open credit lines to keep Iran's economy afloat. You can form your own view. Subscribe now Without the U.S.'s withdrawal from sanctions, we will not witness any positive development, Mr Rouhani said in a televised speech on Tuesday, adding that Washington holds the key as to what happens next. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

technology start-ups: We welcome all new policies that benefit our market in the long term, Qian Jie, assistant vice president of corporate communications of the Hong Kong Exchanges and Clearing HKEX told the Global Times, according to Global Times China. China released a guideline on August 18 that aims to build Shenzhen into a pilot demonstration area of socialism with Chinese characteristics. But they warned that if riots persist in the HKSAR, the city may lose its glamour and yield some key financial services to its rising neighbor Shenzhen in such sectors as fundraising for technology start-ups and the internationalization of the yuan. Under the plan, one key focus will be the local financial markets and technological innovation. Shenzhen is home to a number of vibrant technology start-ups that need financing This means a great opportunity for Hong Kong, not only in terms of retaining and propelling the prosperity of Hong Kong's capital market but also in optimizing the asset portfolio of Hong Kong international investors, Qi Mingyang, chairman of Shenzhen-based asset management firm Fortune Valley Capital Investment Group, told the Global Times on Tuesday. The government will promote connectivity among the financial markets of Shenzhen, the HKSAR and the Macao SAR, such as stock connect programs and bond connect programs, and support financial products and funds' mutual recognition. (news.financializer.com). As reported in the news.

time nathan: This is autocratic liberalism, experts say, according to Global Times China. Every time Nathan Rich finds that one of his videos has been demonetized by You Tube, he marks it with a red X in front of the title. Freedom has become their patent. In his last 10 videos, only one about Marvel in the Chinese market has not been marked. Rich, also known online as the King of Hotpot, often posts videos in which he shares his opinions on news, especially those related to China. They You Tube have been very aggressive toward my channel, he told the Global Times in an interview on Monday. (news.financializer.com). As reported in the news.

trade dispute: The Dow Jones Industrial Average DJIA, 1.00% rose 139 points, or 0.5%, to 26,038, while the S&P 500 SPX, 0.65% was 16 points higher at 2,895, up 0.6%. The Nasdaq Composite COMP, 0.38% advanced 52 points, or 0.7%, to 7,906, according to Market Watch. Equities on Monday were boosted after President Donald Trump and Chinese officials appeared to tamp down rhetoric around the trade dispute, but investors remain wary following a Friday rout that accompanied an escalation in the tariff fight. (news.financializer.com). As reported in the news.

spaceplanes: The US military has launched five unmanned X-37B spaceplanes into orbit over the past decade, and each flight has been longer than its predecessor, according to Nine News Australia. The current mission has no specified end date, according to Air Force spokesman Major William Russell. To improve your experience update it here News World Air Force's mysterious X-37B spacecraft sets new record for time spent in space By CNN7 42am Aug 28, 2019Facebook Tweet Mail An Air Force X-37B spaceplane just completed its 718th day in orbit, making it the longest mission yet for a secretive military test program. The spacecraft will return to Earth only after its completed all its objectives, he said. EPA The details of those objectives remain a closely guarded secret. The X-37B program tends to attract public interest because of that secrecy the Air Force does not share the locations of the X-37B planes while they're in orbit, although amateur astronomers have made a sport out of spotting the spacecrafts with telescopes. (news.financializer.com). As reported in the news.

textile: This doesn't include the 94mkg exported overseas, according to The Guardian. How will a domestic waste recycling industry work in Australia Read more These are just conservative figures because the sheer volume of the nation's textile waste problem is just an approximation. While this has been lauded as a step in the right direction, it does beg the question what about Australia's growing textile waste problem More than 501m kg of unwanted clothing ends up in landfills across the nation each year. Unlike glass and plastics, textile waste is not tracked by any state or federal government waste strategies or waste management plans. But you can't solve a problem unless you acknowledge it exists and then identify ways to deal with it. As evidenced by the PM's 20m commitment at the Council of Australian Governments meeting in Cairns, it would seem the growing textile waste problem is not even on the radar of either tier of government. (news.financializer.com). As reported in the news.

trade war: China Politicsread more Dow futures jump more than 200 points after 'calm' trade comments... China's commerce ministry said Thursday that it is willing to resolve an ongoing trade war with the U.S. with a calm attitude.US Marketsread more Elon Musk Computers will surpass us 'in every single way'Tesla CEO Elon Musk pointed to advances in artificial intelligence as evidence that we are smarter than computers in fewer and fewer realms, according to Xinhua China. Technologyread more Hurricane heads for Florida after brushing Caribbean islands Forecasters warned Hurricane Dorian was gaining strength and probably would grow into a dangerous storm while heading toward the northern Bahamas and Florida's east coast. Market Insiderread more China says it's willing to resolve the trade war with a 'calm... China is willing to calmly resolve the trade dispute with the United States, Gao Feng, spokesman for China's Ministry of Commerce, said Thursday. Weather & Natural Disastersread more5 things to know before the stock market opens ThursdayU.S. stock futures point to a strong Thursday's open for the Dow as bond yields move generally higher and China said it's willing to talk trade. Trading Nationread more China sends troops into Hong Kong as military pledges to protect... China sent a fresh batch of troops into Hong Kong on Thursday a move it described as routine as protests in the city continue. Marketsread more What to watch today Dow to soar; China wants to talk; and a 2020...U.S. stock futures point to a strong open on Wall Street, after China said it wished to resolve its trade dispute with the U.S. with a calm attitude Morning Briefread more JetBlue rallies after an upgrade, but some experts like this... With Deutsche Bank calling an attractive entry point in shares of Jet Blue, experts inspect other airline stocks for buying opportunities. (news.financializer.com). As reported in the news.

trump: But the Trump administration's chaotic approach to trade talks with China is more than just your garden-variety uncertainty, according to CNN. It's uncertainty squared. You've heard that before. Or even cubed. (news.financializer.com). As reported in the news.

virginia agriculture: There's no question that Trump's peculiar negotiating behavior and questionable logic are having their effect, according to MSNBC. China had been Virginia agriculture's number one export destination with soybeans leading the list, along with apples, livestock and other products. If anything, it's likely to get worse as Trump vows even bigger tariffs, drops the idea and then comes back to it. In 2017, China bought 671 million worth of farm goods from state farmers. Exports to China dropped precipitously to 235 million. Then, Trump became president and quickly imposed a series of tariffs against China about a year and a half ago. (news.financializer.com). As reported in the news.

investment confidence: Hong Kong, as international financial hub, hosts the regional headquarters of more than 3,700 international companies in a wide range of industries from international trade and retail to education and finance, according to Global Times China. For instance, about 1,300 US companies have operations in the city, including some of the biggest businesses and financial giants such as Amazon, Apple, Cisco and JP Morgan. Some foreign businesses have warned that the riots are tarnishing the city's business reputation and their investment confidence. US exports of goods and services to Hong Kong provide around 188,000 jobs in the US, whose direct investment in the city reached 81.2 billion in 2017. Likewise, the UK and Canada also have heavily invested in the city. Hong Kong's direct investment in the US reached 11 billion, mostly in trade, manufacturing and real estate, according to statistics from the US Department of Commerce. (news.financializer.com). As reported in the news.

jason: Tons of untapped oil became harvestable, and companies with massive swaths of money clamored to collect them, according to The Independent. And how have those companies done for investors Pretty terribly, unfortunately. Jason Hall TMFVelvet Hammer Aug 26, 2019 at 2 40PM About a decade ago, fracking technology reached a tipping point. In this week's episode of Industry Focus Energy, host Nick Sciple and Motley Fool contributor Jason Hall explain what happened in the exploration and production industry and why investors would probably be better served focusing elsewhere. And, on the off chance you're still interested in E&P stocks, stay tuned for some recommendations that mitigate some of the industry's biggest risks. Learn what to watch out for with management incentives, how the price of oil has played in, what the last 10 years can tell us about the future of energy, and more. (news.financializer.com). As reported in the news.

portfolio investors: The speed of decision-making is very good for example in Kashmir, but the speed of decision-making on business matters is not good, said Adi Godrej, chairman of the Godrej Group, which sells everything from electronics to chemicals, according to The Japan Times. India Inc. is worried that the slowdown may deepen further. But sentiment is souring in the country's boardrooms after a much-anticipated budget in July failed to provide any stimulus, and instead hiked taxes on the ultrarich and on foreign portfolio investors. ; Several businessmen say Modi's government needs to take swift action on the economy, but instead it seems preoccupied with the situation in Kashmir, which is under a lockdown after authorities curtailed the autonomy of the restive region. We need action, Godrej said in an interview, citing tax breaks for the auto sector and big companies among his top wishes ahead of his taking any major decisions to weather the slowdown. Domestic passenger vehicle sales, a key economic indicator, plunged an annual 31 percent in July the steepest recorded pace of decline in nearly two decades. India's GDP growth in January-March slid to a near five-year low of 5.8 percent, and most analysts expect data due later this month to show that growth in April-June faltered even further. (news.financializer.com). As reported in the news.

re-election campaign: They downplayed the threat of a looming recession many economists say is on the horizon, pointing to improvements in their own businesses, low unemployment and growing tax receipts as evidence of a thriving economy, according to The Independent. Since President Trump has come on, these headwinds have reversed and now are wind in our sails, said Ohio Auditor Keith Faber, a Republican who is among several statewide officeholders named as co-chairmen for Trump's re-election campaign. President Donald Trump removed headwinds that have allowed business and the economy to thrive in Ohio during his presidency, central Ohio and GOP surrogates for the president said during a media roundtable Tuesday. The roundtable of political and business leaders at Chesrown Chevrolet in Delaware is part of a 17-state Open For Business tour organized by the Republican National Committee and Trump's campaign to highlight what they say is a booming Trump economy. They credited Trump for their success, saying tax cuts and deregulation have helped their bottom lines and that has trickled down to workers. Business leaders on the panel said they have held job openings for months because they need more help to deal with their growth, but they have struggled to fill them because the labor force lacks the needed skills. (news.financializer.com). As reported in the news.

duty: Environmental activists attribute that to one big change The election of the country's far-right president Jair Bolsonaro, according to CNN. Responding to international condemnation of the rise in recorded fires in the Amazon, Bolsonaro said that protecting the forest is our duty, acting to combat illegal deforestation and any other criminal activities that put our Amazon at risk. While the country's farmers and cattle ranchers have long used slash-and-burn techniques -- when blazes clear land to ready it for other purposes -- an 80% rise in deforestation since last year signals a disturbing shift in a political ethos. He added that his military public service background contributed to his deep love and respect for the rainforest. Here's a look at how Brazil got here. But a quick look at the president's economic and environmental policies counter that narrative, with many of his critics arguing that that they have not only abetted this environmental disaster but, in fact, set the stage for it. (news.financializer.com). As reported in the news.

attempt: But the attempt to put a positive spin on an event Trump was dubious of even attending reflected at least the appearance of momentum on issues that have isolated Trump from his counterparts, according to CNN. There was tremendous unity. Whether either of those outcomes is likely or at all possible remains an open question. There was great unity, Trump said as he was preparing to depart. Nobody wanted to leave. use strict';CNN. Videx CNN. Videx ;CNN. Videx.mobile function data Obj 'use strict';var 'unmute ' data Obj ;if 'fave' player Instance null; else player Instance container Id && null; is Player Mute typeof data Obj.muted 'boolean' data Obj.muted false;if && player Property Obj player Property Obj.mute && if is Player Mute false unmuteCTA unmuteCTA.length 0 0;if remember Time 0 remember Time 360 / 'X', remember Time ; else function 'use strict';var vid EndSlate.length 0 CNN.auto Play Video Exist true true false;var config Obj thumb 'none',video '100%',height '100%',section 'domestic',profile 'expansion',network 'cnn',markup Id allow Native Fullscreen trueadsection '100%',frame Height '',is Live Player false,next Video Id '',next Video Url '',turn OnFlash Messaging CNN.auto Play Video Exist false auto Start Video false;if auto Start Video true if turn OnFlash Messaging true auto Start Video false;container El else CNN.auto Play Video Exist false auto Start Video, is Live Player, is Video Replay Clicked, new var i,vid Obj;if current Video Id && && 0 for i 0; i i vid Obj typeof vid Obj ! 'undefined' && vid Obj.video Id current Video Id if i - 1 next Video Id current Video Collection i 1 .video Id;next Video Url current Video Collection i 1 .video Url; else next Video Id !next Video Url next Video Id window.jsmd && window.jsmd.v && window.jsmd.v.eVar60 ' 1' ; else next Video Id '';next Video Url container Id var next Video Url move ToNext Timeout set Timeout function location.href next Video Url; next Video Play Timeout ; else end Slate end Slate.length 0 mobile Pinned View on Player Ready function container Id var ' ' &&Modernizr && Modernizr.phone Modernizr.mobile Modernizr.tablet 'fave' 0 'article' player Instance new false,transition function function function if mobile Pinned View function Storing pinned view on So that all players can see the single pinned player /CNN. Videx CNN. Videx ;CNN. Videx.mobile CNN. Videx.mobile mobile Pinned View; if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. I will tell you, we would have stayed for another hour. (news.financializer.com). As reported in the news.

boiled-down: Here's a boiled-down version of hours of Stetler's talking-heads coverage Somebody who misled the public and defended a man who calls the press the enemy shouldn't be able to land a network job, according to MSNBC. Sanders' consistent lies are led from the top by a president who lies even about the weather and the time of day. Brian Stetler, CNN's chief media correspondent, led the Sanders attack, explaining why the former White House press secretary's new job deserves outrage and backlash. We are living through a period of official lying that's unprecedented in our lifetimes ... All reasons, apparently, to discard Sanders and ban her from our ethically pure network news industry well, all networks except FOX. Holy hypocrite, Batman. On Friday, without so much as an expression of shame, sanctimonious CNN announced its OWN latest hire disgraced former acting FBI Director Andrew McCabe. Look again. (news.financializer.com). As reported in the news.

fund: On Monday the Ministry for Housing, Communities and Local Government MHCLG said an additional 325m would increase the size of the fund's size to 1bn, according to The Guardian. A group of 50 towns had already been shortlisted to receive cash from the fund after submitting the outline for projects such as new bus services and the conversion of empty retail units into homes which local leaders think will help revitalise their centres. Last year the then chancellor, Philip Hammond, announced a 675m fund as part of a wider package of measures designed to tackle the high street crisis that has left one in 10 shops in UK town centres lying empty. Now that shortlist has doubled in length, with another 50 towns added, including Dover, Grimsby and Carlisle, in the latest in a series of election-friendly policy announcements from the government. Boris Johnson said the enlarged fund would help unlock growth. All the towns are eligible to receive up to 150,000 to develop more detailed proposals. (news.financializer.com). As reported in the news.

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.