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

border: Australian Border Force officers were working on a tried and tested system, according to Nine News Australia. The shipment from China on September 10 was red flagged. To improve your experience update it here News National 750m haul of chemical used to make ice found hidden in Sydney furniture shipment By Damian Ryan Reporter2 04pm Sep 18, was nothing random about a search at Sydney's container terminal which blew open an international drug ring. A total of 1200kg of ephedrine was found hidden alongside furniture sent to Australia by sea, by Australian Border Force in Sydney. In recent years Border Force officers along with Australian Federal Police have intercepted at least three other shipments of ephedrine which originated out of China. Supplied Ephedrine, a key ingredient for producing the drug ice, is freely manufactured in that country. (news.financializer.com). As reported in the news.

gang members: Buck If we aren't targeting gang members, we aren't serious about gun violence date Published date Modified description Guests Philip Wegmann, Ken Buck, Nicole Malliotakis, Nick Pope author type Person name Fox News publisher type Organization name Fox News logo type Image Object url width 133, height 60 image type Image Object url ve 1&tl 1 width 696, height 392 context http //schema.org/ type Web Page name Rep, according to MSNBC. Buck If we aren't targeting gang members, we aren't serious about gun violence speakable type .head1 .speakable url o n,i if n&&i for var r in 0 n r window.JSON.parse var i JSON.parse n ;void 0! window.BOOMR config Could not parse new e true 0! a.aFeo Applied Buck If we aren't targeting gang members, we aren't serious about gun violence Fox News context http //schema.org type News Article main Entity OfPage headline Rep. (news.financializer.com). As reported in the news.

guards: Disturbing footage captured in a Sydney mental health intensive seven years ago was given to A Current Affair to illustrate the prolonged trauma facing security guards in our hospitals, according to Nine News Australia. Multiple guards and medicos use a bedsheet to restrain and bring down a violent patient. To improve your experience update it here News National Why these security guards say they can't stop violence in hospitals By A Current Affair Staff7 47pm Sep 18, are calls for special constables to be installed in Australian health facilities as confronting footage of the violence faced by health employees continues to emerge. It takes multiple people to hold him down and medicate him, before he is tied to a stretcher and wheeled away. In this footage, multiple personnel are needed to hold a violent patient down and medicate him. Former security guard Warren Browne paints an equally ugly picture of his last day on the job, when his shoulder was ripped out by a drug addict at Hornsby Hospital in Sydney's north. (news.financializer.com). As reported in the news.

manufacturing giants: Blaming a weakening global economy, Fed Ex Corp. sliced its profit outlook in the latest sign that trade tensions are dragging down U.S. corporate titans, according to Xinhua China. The shares tumbled. Sign up here. The forecast signaled deepening trouble for the courier as the U.S. and China battle over tariffs -- which has also ensnared manufacturing giants such as Caterpillar Inc. and Deere & Co. The global economy continues to soften and we are taking steps to cut capacity, Chief Executive Officer Fred Smith said in a conference call to discuss earnings late Tuesday. FedEx, which had announced an employee-buyout program in January, said it would pare its cargo-jet fleet to contend with the diminished expectations. (news.financializer.com). As reported in the news.

hong: Photo Lu Wenao/GT Months-long social unrest has dampened Hong Kong's prospects, as the city has been struggling with cooling business, housing woes and limited opportunities for the youth, according to Global Times China. When foreign investors raised questions about the future of this international trade and financial hub, a top Hong Kong finance officer said the city could overcome the downturn only by deepening cooperation with the Chinese mainland. Player option ; Hong Kong Finance Secretary Paul Chan Mo-po. The trade war launched by the US against China, in addition to the ongoing social turbulence, seriously weighed on the momentum of Hong Kong, as street protests take a toll on various sectors ranging from tourism to retail, and it may even become worse in the third quarter of 2019, Hong Kong Finance Secretary Paul Chan Mo-po told the Global Times in an exclusive interview on Wednesday. If it continues shrinking, the city may enter a recession in technical terms, Chan said, noting that it also depends on whether the social unrest eases soon. It's possible that the third quarter GDP will continue to decrease, considering tepid business activity in tourism, retail and restaurants. (news.financializer.com). As reported in the news.

repo auction: The New York Federal Reserve said late Tuesday that it would carry out a second overnight repo operation on Wednesday 75 billion in repos after Tuesday's 53 billion funding, according to Market Watch. The important short-term repo rate marks the amount bond dealers, hedge funds, and other market participants are charged for borrowing funds for a short period, in return for highly liquid collateral such as Treasurys. The Fed carried out its first overnight repo auction in a decade to bring the benchmark federal-funds rate, which jumped to a high around 9%, back into a desired 2%-2.25% range. It is unusual for significant spikes to occur in normal markets that aren't facing a financial crisis and the recent jump in short-term rates and the Fed's response to the spike in borrowing costs has caused traders and bankers to question whether the regulator had a handle on that crucial area of financial markets. This is what the New York Fed is supposed to do making sure markets are running smoothly. They were a day late, they should've been in the market once things got a bit crazy in the afternoon on Monday said Marvin Loh, senior global markets strategist at State Street. (news.financializer.com). As reported in the news.

insurance firms: The results of the survey will be released in a report on 24 September, according to The Independent. The Lloyd's chief executive, John Neal, admitted that the survey, the largest ever conducted by the insurance sector, is validating that those problems exist . The company, he said, will announce a number of core actions to deal with gender equality, but he cautioned It's going to take time. The world's biggest insurance market commissioned a major survey into its culture after an investigation by Bloomberg in March detailed widespread harassment. I don't think it's a problem that we can fix in 12 months. The building in the City of London houses thousands of brokers, underwriters and staff employed by other insurance firms. Neal said there had been more than 6,000 responses to the survey, conducted by the independent Banking Standards Board, which was sent out to the 45,000 people who work at the 333-year-old insurance market, including Lloyd's 1,000 direct employees. (news.financializer.com). As reported in the news.

startup businesses: Speed, as well as originality and innovation, is essential in competition between major powers, according to then-Air Force Secretary Heather Wilson, according to The Japan Times. In particular, the United States is alarmed by China's development of hypersonic weapons, as its existing missile defense equipment is unable to shoot such weapons down. In contrast to a vibrant U.S. industry, Japanese defense-related companies have long been part of a lukewarm environment where business opportunities are guaranteed but profits are limited, a Japanese defense industry source said. ; In March, the U.S. Air Force held a new event to hear presentations from about 60 small and startup businesses, with contract money available on the spot to those with innovative ideas. The hypersonic threat is going to cause a revolution, and our industry has to work together, a Raytheon Co. executive said. It's not going to be solved by any one government entity. This threat is not going to be solved by any one company. (news.financializer.com). As reported in the news.

voting power: SPDR is the firm behind the first exchange-traded fund, the SPDR S&P 500 Fund SPY, 0.00% popularly known by its ticker, SPY. The parent company, State Street, now manages nearly 3 trillion, and is known as one of the Big Three fund managers, according to Market Watch. Read Three fund managers may soon control nearly half of all corporate voting power, researchers warn Of the recent rally in value stocks, which many analysts believe points to a broad market belief that there's more room to run in the cycle, Bartolini thinks it may have been technically-driven, or sparked by big investors like hedge funds needing to shed risky assets, quickly, from their portfolios, as opposed to a fundamental view that this is the right strategy for the current investment landscape. But you can count Matthew Bartolini, who runs SPDR Americas Research at State Street Global Advisors, as among those unconvinced by the recent shift from momentum to value. I go back to the economic environment we're in, where fundamentals are not overly supportive of a broad-based value rally, Bartolini said. So I think the victory lap for value is a little bit early. Overall economic momentum is not what I would call robust. (news.financializer.com). As reported in the news.

office: One is the UN's Office of the Secretary General's Envoy on Youth OSGEY . The other is the Prince Mohammed bin Salman bin Abdulaziz Foundation, also known as the MiSK Foundation, of which Saudi Arabia's crown prince is founder, namesake and chairman of the board, according to The Guardian. Less than a year ago, the Saudi journalist Jamal Khashoggi, a Washington Post columnist and US resident, disappeared after entering the Saudi consulate in Istanbul. Timed to coincide with the United Nations general assembly and the climate summit, the invitation-only event has two sponsors. The US Central Intelligence Agencyand a United Nations investigator have both concluded that he was murdered on orders from the highest level of the Saudi government probably including Prince Mohammed himself, whose reputation has been in tatters ever since. But Khashoggi's murder provoked enough outrage that the Bill and Melinda Gates Foundation pulled its funding from MiSK, calling Khashoggi's abduction and killing extremely troubling . And the Harvard University Extension School canceled its five-year agreement to reserve 100 of its 800 summer school slots for students sponsored by MiSK. Prince Mohammed has been struggling to rebuild his global brand ever since Khashoggi's murder. The crown prince has denied any involvement. (news.financializer.com). As reported in the news.

oil: Hong Kong's Hang Seng Index HSI seesawed between small gains and losses, and was last down by less than 0.1%. Oil futures extended their losses during Asian trading hours Wednesday, according to CNN. US oil futures fell 0.6% to 59 a barrel. China's Shanghai Composite Index SHCOMP rose 0.3%. South Korea's Kospi KOSPI moved up 0.4%. Japan's Nikkei N225 traded flat. On Tuesday, the price tumbled 5.7% to settle at 59.24 per barrel. Futures of Brent crude, the global benchmark, also fell 0.3% to 64.28 a barrel on Wednesday. That fall is its worst daily decline in more than a month, according to Refinitiv. (news.financializer.com). As reported in the news.

profile: In between, he became the highest profile businessman in Britain, according to The Guardian. He was an inspiration for managers who had come to feel powerless, but a bogeyman for leftwing trade unionists who accused him of reinventing macho management and called him the poison dwarf a reference to his diminutive stature. But Edwardes, who has died aged 88, was actually the choice of an exasperated Labour government to take over, in 1977, as chairman of the failing British Leyland motor company and he departed when Margaret Thatcher lost confidence in him in 1982. By the end of his five years at BL, he had almost halved the workforce and closed 19 out of 55 plants, but the company still produced 80% as many cars as before, and new models were also being launched. It came at a cost 1.5bn of losses charged, to Thatcher's chagrin, to the taxpayer. Jaguar was revitalised, though Triumph and MG shut down. (news.financializer.com). As reported in the news.

staff: Clinicians in A&E ran blood tests, identified the problem and treated it, restoring the balance of minerals so that her sodium was once again coexisting in harmony with her potassium and the various other things floating around in the blood that we take for granted until something goes wrong with them, according to The Guardian. The staff were, without exception, kind, competent and respectful. She had been prescribed some new blood pressure medication which caused her sodium levels to plummet dangerously. Funding for councils' child addiction services slashed Read more So what's the problem My mum is the perfect case study for just how good the NHS is at saving lives and looking after older people. And like the climate crisis this erosion is speeding up with disastrous consequences. But the bits in between, the cement that glues the bricks, is crumbling into dust. (news.financializer.com). As reported in the news.

tehran: In a letter sent to the US via the Swiss embassy, which represents US interests in Iran, Tehran said it denies and condemns claims by US officials that Tehran was behind the attacks, according to Nine News Australia. It was also emphasised in the letter that in case of any aggression against Iran, that action will face an immediate response from Iran and the response won't be limited to its source, the state news agency IRNA reported. To improve your experience update it here News World Iran warns of crushing reply to any strike By AAP11 33pm Sep 18, has threatened a crushing response to any military strike after it was blamed for attacks on Saudi oil sites, as US President Donald Trump said he has ordered increased sanctions on the Middle Eastern nation. The Etemad daily newspaper described US accusations of Iranian responsibility for the Saudi attacks as part of Washington's stated maximum pressure policy to isolate Iran. Trump said on Wednesday he had ordered Treasury Secretary Steven Mnuchin to substantially increase sanctions imposed on Iran, but did not give additional details. We are fully prepared to surprise aggressors through a crushing and comprehensive answer to possible evil actions, Etemad quoted Secretary of Iran's Supreme National Security Council Ali Shamkhan as saying. (news.financializer.com). As reported in the news.

artists prize: The prizewinners were announced simultaneously on Tuesday, September 17 in Berlin, Paris, Rome, London, New York and Tokyo, according to Deutsche Welle. Lifetime achievement, exceptional talent, artistic strength and international status are the criteria for the award, established in 1989 at the instigation of the Japanese imperial family and bestowed annually by the Japan Art Association. Apart from these five, a young artists' prize goes to the musical education program D mos from France. Each prize goes with a cash award of 15 million yen 126,000 or 138,000 . Praemium Imperiale winners 2019Anne-Sophie Mutter From wunderkind to world star Anne-Sophie Mutter is portrayed here in 1980, at the age of 17. She was only six years old when she won her first music competition. At the time, she was already seen as one of the best violinists in the world. (news.financializer.com). As reported in the news.

brand marketing: These members possess extensive backgrounds with the federal government and in the national security, retail operations, brand marketing, logistics, international trade and real estate development spheres, according to The Independent. The role of the Business Advisory Board is to provide both broad business guidance and specific in-depth understanding of key technologies and business marketplaces that QMC has identified as aligned with its long term strategic vision. Related CONTENTBrewer Science to Showcase Latest Trends in China's Growing Semiconductor Market Quantum Materials Receives Initial License Fee Brewer Science to Showcase Latest Trends in China's Growing Semiconductor Market Identiv Launches New NTAG 424 DNA Tag Quantum Materials Unveils 100% Cadmium-Free 55 Inch Quantum Dot LCD Display ; 09.17.19Quantum Materials Corp created a Business Advisory Board and appointed five initial members. The founding members of the Business Advisory Board include David Bray Both executive director for the People-Centered Internet coalition and faculty member with Singularity University focused on Impact & Disruption;Don Kleinschnitz A 40 year technology innovator with senior roles at Computer Associates, HP and Symantec;Roy Truit A web pioneer, investor and entrepreneur with vast experience in retail operations, logistics, mobile commerce, international trade and growing businesses;Nick Vitalari A former professor and associate dean at UC Irvine, SVP and member of Computer Sciences Corp's Corporate Technology Steering Committee and consultant to Fortune 500 corporations and the federal government;Jim Young An entrepreneur and commercial and residential real-estate developer with participation in more than 100 projects in the Central Texas region. I am thrilled to welcome these initial members to our new Business Advisory Board. Additional appointments to the Business Advisory Board are expected to be made in the coming months.QMC recently introduced its Quantum Dot Xtreme QDXTM offerings for the display, solar energy and lighting marketplaces and it also announced the acquisition of patent-pending blockchain platform technology, which it will leverage to address exciting soon-to-be-announced new market opportunities. (news.financializer.com). As reported in the news.

chinese nationals: It quoted Immigration Commissioner Jaime Morente as saying the detainees, most of whom appeared to be undocumented, will undergo deportation proceedings, according to The Japan Times. Morente added that his bureau will continue to root out illegal aliens, especially those engaged in unauthorized online gaming activities, cyber fraud and investment scams that prey on unsuspecting victims who are mostly abroad. The Bureau of Immigration late Tuesday said 324 Chinese nationals were arrested in Puerto Princesa City on Palawan island during Monday's operation. ; Aliens were reportedly rounded up in eight hotels and establishments where they were caught in the act of doing their illegal activities, the bureau said in a press release. Last Friday, authorities said Philippines police arrested 277 Chinese nationals in a raid on a gang wanted over a vast investment fraud that cost victims in China millions of dollars. Monday's raids in Palawan stemmed from reports made by local officials about the presence of illegal Chinese workers in Puerto Princesa, the immigration bureau's acting intelligence chief Fortunato Manahan said in the statement. Agents swooped on an office building in the capital Manila to take four suspects into custody in connection with the 100 million yuan 14 million scam, but said they stumbled on many more conducting illegal online operations. (news.financializer.com). As reported in the news.

bn investment: Following the money where China's 40bn investment in Australia is going Greg Jericho Read more That drove an explosion in the export of Australian formula through the grey-market daigou, or personal shopper, channel, according to The Guardian. But Bellamy's efforts to develop a direct export market in China have been hampered by the Chinese authorities, which temporarily banned Bellamy's products in 2017 and have yet to approve the company's application to restart direct sales. The 1.5bn takeover bid, lodged by Hong Kong-listed China Mengniu Dairy Company, has drawn fire from Tasmanian independent Andrew Wilkie because one of Mengniu's key shareholders is a company owned by the Chinese state, the China National Cereals, Oils and Foodstuffs Corporation Cofco . Bellamy's success has been driven by the immense popularity of Australian infant formula in mainland China following a scandal in 2008 in which the local product was adulterated with melamine, killing several children and sending several thousand to hospital. The company's shares soared by more than 50% when the takeover proposal was unveiled on Monday, and on Tuesday afternoon were changing hands for about 12.95. Sign up to receive the top stories from Guardian Australia every morning Cameron initially denied any association with Black Prince, but following inquiries from Bellamy's in January 2017 the foundation told the stock exchange there was an expectation it would act in accordance with the wishes of the Elsie Cameron Foundation as expressed by the directors of its trustee being Jan Cameron and an associate of hers, the lawyer Rodd Peters. Almost 12% of the company's shares are held by the Black Prince Private Foundation, an entity associated with Cameron and registered in Cura ao, a former Dutch colony off the coast of Venezuela best known for its citrus-flavoured spirits. (news.financializer.com). As reported in the news.

investment fund: A partial retreat of the two anchor investors would complicate fundraising for Soft Bank Chief Executive Officer Masayoshi Son, who upended venture capital by making huge bets on promising yet unproven companies and spurring others to follow suit, according to The Japan Times. Perhaps more than any other startup, WeWork has come to symbolize that brash style, and the success or failure of its initial public offering is likely to impact Son's ability to raise cash for future deals. Saudi Arabia's Public Investment Fund, which contributed 45 billion to the 100 billion Vision Fund, is now only planning to reinvest profits from that vehicle into its successor, according to sources familiar with the talks. ; Abu Dhabi's Mubadala Investment Co., which invested 15 billion, is considering paring its future commitment to below 10 billion, the sources said, asking not to be identified in disclosing internal deliberations. PIF executives are still considering options and no final decision has been made, one of the sources said. Mubadala said discussions are continuing on whether or not any investment will take place. A spokesman for the Saudi Arabian wealth fund declined to comment. (news.financializer.com). As reported in the news.

congeniality sash: Century Link CTL isn't at its best right now, just like many of the independent local exchange carriers that are facing an uphill battle against a stiff breeze, according to The Independent. However, there's also a reasonable bullish argument to be made that the stock -- down 44% over the past year -- has taken a bigger hit than the business's fundamentals have. Rick Munarriz Sep 17, 2019 at 4 45PM You're not likely to win the Miss Congeniality sash in a year in which you whack your dividend by more than half and serve up negative year-over-year revenue growth across all five of your business units. A lot of the near-term storm clouds seem to be priced into the shares, making it a tempting stock purchase for an income investor with an elevated risk tolerance. Image source Century Link. Century Link is calling, even if there aren't a lot of investors feeling brave enough to answer. (news.financializer.com). As reported in the news.

dow jones: But there's a good chance that, once investors digest the price hike and the doom-and-gloom predictions that it would be a game changer, the stock market will resume its uptrend, according to Market Watch. That's because many investors are interpreting recent events through the lens of years ago, when a higher oil price was indeed a bearish omen for the equity markets. To be sure, the Dow Jones Industrial Average DJIA, 0.13% responded to this past weekend's attacks on Saudi oil fields with a triple-digit decline on Monday. But over the last decade, the relationship between oil CLV19, 0.21% and the stock market has been just the reverse. If the two rose and fell in perfect lockstep, of course, that coefficient would be plus 1.0 and minus 1.0 if stocks always rose when oil fell, and vice versa. This shift is clear in the accompanying chart, which plots the correlation coefficient for the trailing 60-month relationship between stocks and crude oil. (news.financializer.com). As reported in the news.

goldman analysis: Goldman Sachs Caption outside of wrapper for normal article images Month-to-date, the S&P 500 index SPX, 0.03%, Dow Jones Industrial Average DJIA, 0.13% and Nasdaq Composite index COMP, -0.11% have all gained roughly 2.5%. The Goldman analysis found that stock market exposure today is stretched due to rising demand for equities from various sources, according to Market Watch. Hedge fund net exposures are the highest since July 2018, passive equity funds inflows last week were the highest since March 2019 21 billion and foreign investor equity demand is one standard deviation higher than its average, Menon wrote. Today our sentiment indicator shows that aggregate equity positioning is 1.2 standard deviations above average, indicating that positioning poses a downside risk to S&P 500 index returns in the near future, wrote Goldman equity analysts, led by Arjun Menon, in a Tuesday research note. Net futures length and equity versus bond fund flows have also rebounded to their 52-week average from below average levels during the past few weeks, he added. Menon, however, believes the market will avoid this fate this time around, as he expects economic data to surprise to the upside. During the majority of instances when sentiment was as optimistic as it is today, the S&P 500 fell at least 2% over the subsequent two months. (news.financializer.com). As reported in the news.

investment odi: Foreign investment mainly went to sectors such as leasing and business services, which accounted for 30.9 percent of the total ODI. Manufacturing took up 17.8 percent and wholesale and retail accounted for 10.8 percent, according to Global Times China. The ministry noted that there was no new investment in industries such as real estate, sports and entertainment. From January to August, the country's outbound direct investment ODI in nonfinancial sectors in 159 countries and regions reached 493 billion yuan 69.5 billion up 2.7 percent year-on-year. The first eight months also saw many large foreign contracted projects in the infrastructure sector, as deals for 468 projects worth more than 50 million were signed, up from 462 from the same period in 2018. Investment worth 8.97 billion was made in 53 countries along the route of the China-proposed Belt and Road Initiative in the first eight months, accounting for 12.4 percent of the country's total foreign investment during the same period, according to the ministry. By the end of August, China's overseas contracted projects had created 813,000 jobs for local people. (news.financializer.com). As reported in the news.

griffeth: In a volatile industry reporting on a volatile financial world, Griffeth, Herera and Insana have served as anchors of stability, according to MSNBC. The trio of Matadors recently reflected on their careers spent mostly at CNBC reporting on Wall Street and the global economy, their professional evolution and a relationship defined by one word team. Through all these historic milestones and the thousands of days in between, CSUN alumni Bill Griffeth '80 Journalism Hon.D. '17, Sue Herera '81 Journalism and Ron Insana '84 Radio-Television Broadcasting have been on the air as three of the most recognized and respected journalists in television. I can't think of any other place where a team has lasted this long, effectively in the same job, and we've all been as stable in our jobs as any other place, Insana said. Herera and Griffeth were classmates at CSUN, where they met 40 years ago at KCSN. After graduation, they launched their careers as anchors at the Financial News Network FNN . Insana followed in their footsteps at CSUN and then joined Herera and Griffeth at FNN. Herera left the financial network in 1989 for CNBC's launch. It's odd at any network to see a group that's been around for this long. (news.financializer.com). As reported in the news.

britney taylor: It was not clear where the meeting took place, according to CNN. Brown's attorney, Darren Heitner, did not immediately respond to CNN's request for comment. The meeting lasted about 10 hours, finishing at 10 p.m., the source said, declining to provide details of what Britney Taylor and NFL officials discussed. But he released a statement on Twitter denying new allegations of sexually inappropriate behavior leveled against Brown by an artist, who shared her accusations with Sports Illustrated. No criminal charges have been filed. Taylor, who was says she was Brown's Bible study partner in college before she began training the star wide receiver, filed a lawsuit in a Florida federal court last week accusing Brown of rape and sexual assault. (news.financializer.com). As reported in the news.

farm management: Queensland LNP senators James McGrath and Susan McDonald on Tuesday won support for the rural and regional affairs committee to have an inquiry into the science which sparked farming regulations, according to Nine News Australia. The connections between farming in the catchment and water quality will be examined along with laws around farm management, water quality and soil run-off. To improve your experience update it here News National Reef inquiry to hear of farm water impact By AAP4 57pm Sep 17, 2019Facebook Tweet Mail The science around farm water run-off hurting the Great Barrier Reef will come under scrutiny from a federal government-initiated parliamentary inquiry. Greens senator Larissa Waters said the government was at war with science and the reef would suffer for it. Senator McDonald scoffed at suggestions the motion was an attack on science. This inquiry is like considering whether smoking causes lung cancer or whether the earth is round, she told illiterate politicians should not adjudicate on peer-reviewed science. (news.financializer.com). As reported in the news.