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

claure: Claure will help WeWork's new leadership identify revenue and cost-saving opportunities, one of the sources said, according to The Japan Times. Representatives for WeWork, Soft Bank and Claure declined to comment. Masayoshi Son, the head of Soft Bank, WeWork's largest investor, has asked the former chief executive officer of Sprint Corp. to take a more hands-on role helping oversee a cleanup of the office rental company from his position at Soft Bank, according to sources familiar with the matter who asked to not be identified because the matter isn't public. ; No decision has been made on his exact role, the sources said. In Claure, Son would be tapping an executive with a track record of fixing companies and overseeing his firm's investments. Son tapped him in 2014 to run Sprint, which he helped turn around prior to the company's pending sale to rival T-Mobile U.S. Inc. The 48-year-old joined Soft Bank in 2013 when the Japanese firm bought Brightstar, a phone distribution company Claure ran. (news.financializer.com). As reported in the news.

direct-sales store: Photo IC A recent article in Foreign Policy proposed US-EU collaboration in the regulation of cyberspace to stifle China's rising prowess in digital technology, according to Global Times China. The idea is unlikely to find acceptance in the EU, which tends to see the US and its companies as part of the problem rather than the solution. Huawei's first direct-sales store is 1,300 square meters and provides the latest 5G technology experience. Such an anti-China alliance would also pose serious dangers to the development of future global technologies, with impact on global economic development. The issue of how to contain China's technological development has been brought into focus by Huawei and its role in the development and rollout of 5G networks. It would also risk isolating the EU from technological and economic development in emerging economies, which would find Chinese technologies irresistible. (news.financializer.com). As reported in the news.

offering ipo: Photo Xinhua Kuwait will launch the initial public offering IPO of 50 percent equity stake on a Public-Private Partnership PPP project, the Kuwait Authority for Partnership Projects KAPP said on Sunday, according to Global Times China. Mutlaq Al-Sanei, general manager of KAPP, said at a press conference that Shamal Azzour Al-Oula is the first company to be established as a Public-Private Partnership project and the first PPP to be offered for public subscription. Kuwait will launch the initial public offering IPO of 50 percent equity stake on a Public-Private Partnership PPP project, the Kuwait Authority for Partnership Projects KAPP said on Sunday. The public subscription period will open for 60 days, starting from October 1, 2019 to November 29, 2019, he noted. The remaining 50 percent will continue to be owned by current shareholders, he added. Once the transaction concludes, and depending on the final level of demand, up to 50 percent of Shamal Azzour Al-Oula's shares will be owned by Kuwaiti citizens, he said. (news.financializer.com). As reported in the news.

dow industrials: Alibaba BABA, -1.24% fell 5% and Baidu BIDU, -0.74% lost nearly 4%. See What investors need to know about a potential White House effort to block U.S. investment in China Even though trade wars are good, and easy to win according to President Trump in March 2018, the White House now feels the need to widen the struggle with China from a dispute about traded goods and intellectual-property rights into a whole new arena involving potential capital controls, according to Market Watch. The move comes at a sensitive time for U.S.-China relations, as the two countries seek a resolution of the trade dispute in talks in Washington on Oct. 10-11, with a Chinese delegation led by Vice Premier Liu He. The news sent the U.S. benchmark S&P 500 index SPX, -1.23% and the Dow industrials DJIA, -1.28% down on Friday, with the MSCI China Index off 1.6%, and stocks closed lower for a second straight week, Chinese internet giants listed in the U.S. were hit hard. For Chinese investors Monday will be the last chance to react to the new risk before a five-day market closure until Oct. 8 to mark the 70th anniversary of the Communist Party's taking power in 1949. U.S. investment in China's domestic markets is limited, with residents holding only about 203 billion of mainland financial assets as of June, according to the U.S. Treasury, though this month China removed another hurdle to foreign investment in its stock and bond markets. On Saturday the U.S. Treasury denied there was any plan at this time to go ahead with investment restrictions, but the risk remains as two bipartisan bills have already been introduced to Congress aimed at pushing U.S.-listed Chinese companies to comply with auditing rules in the U.S. If those companies failed to submit to regulatory oversight, they would face de-listing. (news.financializer.com). As reported in the news.

hype attitude: Subject to scrutiny, WeWork succumbed to reality, its founder and chief executive was forced from office and the most glaring abuses of the IPO rectified, according to The Japan Times. But, it is worth remembering, ultimately, the system worked. Critics note again that the WeWork story is another case of hype and attitude overwhelming hard work and accomplishments, where enthusiasm swamped evidence. WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey as an eco-friendly coworking space. It is the largest private office tenant in Manhattan, the second-largest in London second only to the British government and the fourth-largest in San Francisco. Neumann proved to be a dynamic and engrossing entrepreneur From a single shared office in the SoHo district of New York City, he turned WeWork into a global behemoth that operates in 111 cities around the world, has over 525,000 members and more than 12,000 employees. (news.financializer.com). As reported in the news.

nhs spending: The pledge includes 2.7bn of investment for six hospitals, spread over five years, says the BBC. Remaining projects would be completed over the following five years, according to The Independent. Boris Johnson said the government was embarking on the biggest hospital building programme in a generation . He told The Sunday Telegraph that spending on the NHS was absolutely central to his plan for a united society and a united country . Alongside the 33.9bn of NHS spending that the government has committed to each year until 2023, Johnson claimed it was the largest sum that has ever been invested in the NHS . We're launching the biggest hospital building programme in a generation. See related Who is Boris Johnson's close friend' Jennifer Arcuri Prorogation unlawful will Boris Johnson resign Carrie Symonds who is Boris Johnson's live-in girlfriend Under plans drawn up by Health Secretary Matt Hancock, the government will invest 13bn into hospitals, including renovations to existing structures and facilities, and the construction of new buildings. You will have seen that on the steps of Downing Street I announced 20 new hospital upgrades. It's the biggest programme of hospital building in a generation. We're now following that up with 40 new hospitals we're going to be doing across the country. (news.financializer.com). As reported in the news.

saudi arabia: Elsewhere, Saudi Arabia's crown prince has warned the price of oil could spike to unimaginably high levels unless action is taken against Iran, the kingdom's main enemy, 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. Economic output dropped by 0.2 per cent between April and June, the Office for National Statistics said, reiterating its earlier estimate. You can form your own view. Subscribe now Please allow a moment for the live blog below to load... Key Points Thomas Cook refunds to take up to two months City watchdog cracks down on funds after Woodford scandal Households and government propping up UK economy as firms hold backUK GDP fell 0.2 per cent in second quarter'No-one really knows' cost of no-deal Brexit, says Chancellor Show latest update 2019-09-30T08 44 22.206Z Businesses are more pessimistic about the UK economy than they have been at any point since the June 2016 EU referendum, according to a new survey. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

assad regime: The Association for Investment in Popular Action Committees, an umbrella nonprofit based in the San Francisco Bay area, ostensibly exists to raise awareness of social justice issues that are key to sustainable world peace, according to MSNBC. In practice, that has meant bolstering public support for the Assad regime, which has rewarded the group and one of its main fronts, the Syria Solidarity Movement, with visas and access to top officials in Damascus. Follow him on Twitter window. wpemoji Settings ver 5.2.3 ; d a,b var e k.to DataURL ;return d e function e a var b;if !l 32px f a var g.concatemoji img.wp-smiley, img.emoji display inline !important; border none !important; box-shadow none !important; height 1em !important; width 1em !important; margin 0 .07em !important; vertical-align -0.1em !important; background none !important; padding 0 !important; function i r .q i r .q ga 'create', 'UA-52456075-1', 'auto' ; ga 'send', 'pageview' ; the home of online investigations Search for of WorldUK & Europe Articles Case for Lobby Group Rewards Bloggers On Both The Left And The Right September 30, 2019By Charles DavisA shadowy group that supports Syrian dictator Bashar-al Assad is giving thousands of dollars to far-right activists, conspiracy websites, You Tube personalities, and Wiki Leaks founder Julian Assange all under the guise of an award for uncompromised integrity in journalism. The association is now rewarding its fellow travelers, a number of whom joined its treasurer at a state-sponsored conference this month, addressed personally by Bashar al-Assad, to promote solidarity with the workers and people of Syria. The award is named after a U.S. woman who worked for Press TV, an Iranian government television outlet, and died in a 2014 car accident while reporting from Turkey. The Serena Shim Award for Uncompromised Integrity in Journalism honors non-mainstream journalists who continue to tell challenging truths in difficult times, states a website the group set up. (news.financializer.com). As reported in the news.

biden campaign: Washington Post national political reporter Matt Viser joined the conversation and touted his latest article examining whether the Biden campaign was responding effectively to the charges, according to MSNBC. Melvin then turned to Elrod and wondered As a communications specialist, Adrienne, how would you characterize the way that Joe Biden and his team have handled the onslaught so far Predictably, the Democratic strategist replied I think so far, so good, Craig. The segment began with Melvin fretting over the Trump White House going after Hunter Biden on claims that he traded on his father's position as vice president to obtain lucrative business contracts in Ukraine and China. Elrod lamented how during her time with the Clinton campaign, ...we faced something very similar, where we felt like we were running against Bernie Sanders, we were running against Donald Trump, we were running against the you know, the entire GOP, the RNC. We were running, to an extent, against the media... She whined that Biden was dealing with this new line of attack regarding his son, which of course has been Melvin finished her sentence Disproven, repeatedly. She added So I think what the Biden campaign has done so far is very smart, which is you disprove the facts. Elrod continued Disproven repeatedly, but it's still going to be something that all the Republicans talk about and the Biden campaign will have to constantly have to figure out... An exasperated Melvin asked But how do you do that If you are if you have facts on your side, if the story has been disproven time and time again, but you still have a bunch of, you know, whackos out there who believe this nonsense how do you convince people that the sky is, in fact, blue Elrod complained You know, this is something, Craig, that, again, we dealt with on Hillary Clinton's emails time and time again.... We put the facts out there but it was still something that was driving the news. (news.financializer.com). As reported in the news.

customers: The major banks are tipped to pocket any savings from today's expected cut in official interest rates despite calls to pass it on to customers, according to Nine News Australia. Nine Network Finance Editor Ross Greenwood said it is unlikely households will pocket the full benefits of savings from today's expected cut. To improve your experience update it here News National Concern major banks will not pass on full savings from expected interest rates cut By 9News Staff8 54am Oct 1, rates are expected to be cut from 1 per cent to a record low 0.75 per cent today - the first time they have ever had a zero in front - but there's concern customers won't see the full benefits. Experts say there is a 78 per cent chance the Reserve Bank will slash rates today after two previous reductions in June and July. Their margins are being squeezed as interest rates get closer to zero, Mr Greenwood said. Banks are not likely to pass it on because there margins are being squeezed. (news.financializer.com). As reported in the news.

th-generation resident: And the U.S. wind boom now is expanding offshore, with big corporations planning 70 billion in investment for the country's first utility-scale offshore wind farms. ; We have been blessed to have it, says Polly McMahon, a 13th-generation resident of Block Island, where a pioneering offshore wind farm replaced the island's dirty and erratic diesel-fired power plant in 2016, according to The Japan Times. I hope other people are blessed too. Land-based turbines are rising by the thousands across America, from the remote Texas plains to farm towns of Iowa. But there's an issue. President Donald Trump hates wind turbines. And it's a big one. (news.financializer.com). As reported in the news.

stocks: Many investors saw the opportunity and bought marijuana stocks aggressively near the highs earlier this year, according to Market Watch. That was precisely the time when those following segmented money flows were selling into the strength. A lot of money will be made in marijuana stocks. Please see The smart' money is telling Canopy Growth investors to be careful. As marijuana stocks fell, those less informed kept on aggressively adding to their positions. This column was published right near the top in marijuana stocks. (news.financializer.com). As reported in the news.

technology: Such a development is an effective blow to one of the US government's toxic blames against China that Chinese firms are stealing their technologies and making arrogant claims that Chinese firms have no technology gems of their own to offer, according to Global Times China. For more than a decade, the US has accused Huawei of intellectual property theft including stealing from T-Mobile US Inc. and violating US sanctions on Iran. Photo Shen Weiduo/GT Huawei, the Chinese privately held technology star, launched the Mate 30 series in September, the bombshell smartphones with fifth-generation 5G technology after being blacklisted by the US Commerce Department. The recent case is that the US filed criminal charges against a Chinese professor for stealing a US startup's technology for Huawei, which donated 100,000 to support related research at the university where the professor worked at. American officials have been frightening technology companies and university administrators with tales of Chinese spies. Hawkish politicians and companies in the West constantly grumble about forced technology transfer via which Chinese rivals are pilfering their intellectual property, by fair means and foul. (news.financializer.com). As reported in the news.

twitter: Ahn Young-joon Facebook Twitter SMS Email Print Save A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 30, 2019, according to The Independent. Shares were mixed in a narrow range in Asia on Monday, with markets in China heading into a national holiday. Shares were mixed in a narrow range in Asia on Monday, with markets in China heading into a national holiday. Ahn Young-joon Facebook Twitter SMS Email Print Save Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 30, 2019. Ahn Young-joon Facebook Twitter SMS Email Print Save Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Sept. 30, 2019. Shares were mixed in a narrow range in Asia on Monday, with markets in China heading into a national holiday. (news.financializer.com). As reported in the news.

wall street: But the downbeat mood on Wall Street on Friday carried over into Monday's trading, according to Market Watch. Nikkei NIK, -0.49% fell 0.8%, while Hong Kong's Hang Seng Index HSI, -0.31% rose 0.5%. The Shanghai Composite SHCOMP, -0.92% slipped 0.4% while the Shenzhen Composite 399106, -1.06% declined 0.6% ahead of the National Day holiday, which will shut Chinese markets until Oct. 8. Chinese manufacturing data was slightly better than analysts' estimates, helping to boost sentiment. South Korea's Kospi 180721, -1.95% rose 0.5% while benchmark indexes in Singapore STI, -1.34% and Indonesia JAKIDX, -0.97% declined. Hong Kong got a boost from reassuring comments by the chief executive of its monetary authority. Australia's S&P/ASX 200 XJO, -1.53% was flat. (news.financializer.com). As reported in the news.

defence ministry: It was unclear if there were any casualties, according to The Guardian. Italy's defence ministry said in a statement that an Italian military convoy had been hit by an explosion. A Reuters journalist saw a seriously damaged armoured vehicle bearing a small Italian flag sticker in the capital, Mogadishu, on Monday. No injuries had been reported so far, the ministry said. The insurgent group al-Shabaab claimed responsibility for the attack. Severe hunger threatens millions in Somalia as climate emergency deepens Read more Also on Monday, a base operated by US special forces in the town of Baledogle was hit by a bomb attack followed by small arms fire, a security source told Reuters. (news.financializer.com). As reported in the news.

research investment: Eight women die each day from the disease in Australia and the findings project that 30,000 women could die by 2030 without adequate research investment, the report says, according to Nine News Australia. Australia could also lose nearly 2 billion in wages through lives lost to breast cancer this year, research claims.1 in 7 women in Australia are now diagnosed with disease. 9News An ageing population, health and lifestyle factors are thought to be behind the increase. To improve your experience update it here News National Breast cancer diagnoses are on the rise in Australia, promoting urgent calls for more funding By 9News Staff7 08am Oct 1, 2019Facebook Tweet Mail The risk of Australian women getting breast cancer is now one in seven, up from one in eight last year, new data released by the National Breast Cancer Foundation has revealed. Experts have warned women to get their breasts screened regularly as early detection improves survival rates. The first piece of advice she can think of for women worried about breast cancer is Don't take no for an answer. Tracey Ryan, who was diagnosed with terminal breast cancer in 2010, says women are often dismissed by their doctors when they detect a lump. (news.financializer.com). As reported in the news.

right hints: The uncertain road to rehabilitation looks more like the work of many years, according to The Guardian. The new co-chief executives, Artie Minson and Sebastian Gunningham, are dropping the right hints about selling the Gulfstream jet and cutting thousands of jobs. Well, good luck. One assumes WeWork will also jettison its corporate drivel about elevating the world's consciousness if it now accepts it's a regular company in the dull world of shared office spaces. WeWork requires money and quickly. Yet the first big task is daunting. (news.financializer.com). As reported in the news.

sources: China has warned of instability in international markets from any decoupling of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from US stock exchanges, according to Nine News Australia. US President Donald Trump's administration is considering the move, three sources briefed on the matter said on Friday, in what would be a radical escalation of US-China trade tensions. To improve your experience update it here News WorldUS denies talk of delisting Chinese firms By AAP10 41pm Sep 30, House trade adviser Peter Navarro has dismissed reports that the Trump administration was considering delisting Chinese companies from US stock exchanges as fake news . Asked in particular about a Bloomberg report on the matter, Navarro on Monday told CNBC, Over half of it was highly inaccurate or flat out false. It would be part of a broader effort to limit US investment in Chinese companies, two of the sources said. Chinese Foreign Ministry spokesman Geng Shuang said he had noted the reports on delisting and the response from the US Treasury, which said there were no plans to block Chinese listings at this time . China-US trade and financial cooperation is mutually beneficial, Geng told a daily news briefing. One said it was motivated by the Trump administration's growing security concerns about the companies' activities. (news.financializer.com). As reported in the news.

sterling: It is called going long, according to The Guardian. Shorting is the opposite buying high and selling low. The claim is these short sellers are betting on big falls in share prices and the value of sterling in what critics say is a classic example of disaster capitalism . But how do they do it, who are they and are they all merchants of doom Tell me how shorting works The conventional way to make money from shares is to buy at a low price then sell at a high price. The approach of hedge funds is to target a share they believe is heading for a fall. Typically, the hedge fund borrows them, at a small fee, from a pension fund that is holding them for the long term. But the only way to make a profit is by not really owning those shares in the first place, rather borrowing them. (news.financializer.com). As reported in the news.

bet billions: They are shorting the pound and the country, with the British people the main loser, Macpherson warned, after Hammond wrote that some of Johnson's City supporters have bet billions of pounds on a hard Brexit, according to The Independent. Nick Hammond is right to question the political connections of some of the hedge funds with a financial interest in no deal. Nick Macpherson, former permanent secretary to the Treasury, said Hammond was right to question the political connections of some of the hedge funds with a financial interest in no deal. They are shorting the and the country, with the British people the main loser. soundmoney 29, 2019 Hammond also claimed over the weekend that such funds would be happy to see scant progress ahead of the 31 October deadline to leave the EU, or seek an extension. Many hedge-fund managers see Brexit including the no-deal variety as an opportunity from which they obviously hope to profit, and they are positioning their portfolios accordingly, said financial commentator and author Frances Coppola. One government minister was quick to dismiss Hammond's allegations, but they raised fears that the prime minister faces a conflict of interest. (news.financializer.com). As reported in the news.

climate emergency: In the view of Pacific islanders, it barely merits discussion, according to The Japan Times. Proponents of geoengineering are right about one thing We are facing a climate emergency that demands radical and urgent action. By using technology either to remove carbon dioxide from the atmosphere or to deflect some solar radiation away from Earth, they claim, we can undo the damage wrought by humanity's failure to reduce greenhouse gas emissions. ; But while it certainly sounds like a convenient solution, there is no proof that it will work and no telling what the side effects could be. The Intergovernmental Panel on Climate Change IPCC made that starkly apparent in October 2018, and reinforced the point last month with its report on climate change and land. The question is whether this will translate into a commitment to take the necessary action. Some major economies including Canada, Ireland and the United Kingdom as well as regions and cities have now officially recognized the scale of the crisis. (news.financializer.com). As reported in the news.

lebanon: Lebanon, heavily indebted, faces financial strains linked to a slowdown in capital inflows needed for the funding of the government and the import-dependent economy, according to The Japan Times. Years of low growth have also weighed on the economy. Demonstrators carrying signs and flags marched along a main road, chanting Down with capitalism and Leave! amid heightened security in the area, while others stood outside parliament. ; Protesters gathered in at least three other areas in Lebanon, including a main highway that leads to Damascus, the state news agency said. Shrinking remittances of foreign currency in recent years from Lebanese abroad have also put pressure on the central bank's international reserves. The funds pledged at that conference by France and other donor states and institutions have yet to be released. Lebanon won pledges of 11 billion in investment linked to long-delayed reforms aimed at putting public finances on a sustainable path at a conference in Paris last year. (news.financializer.com). As reported in the news.

lse shareholders: HKEX is considering borrowing up to 9.8 billion from several banks, and its executives were in London to meet with LSE shareholders during the week to convince them to accept the offer, Bloomberg reported over the weekend, citing an anonymous source familiar with the matter, according to Global Times China. The mega acquisition proposal involves multiple parties and complex considerations, not only economic factors, but also matters of financial security and other issues, Li Daxiao, chief economist at Shenzhen-based Yingda Securities, told the Global Times on Sunday. Experts expressed reservations to the development of the deal and noted that it will be difficult to reach one in short term. There are multiple barriers before HKEX, including LSE's shareholders and supervision departments, Li said, noting that any forecast of the result will be uncertain. In light of technical aspects and marketability, the acquisition is deemed as a good move, and HKEX and LSE both possess advantages and disadvantages regarding any deal, Dong said. It is normal to employ various financing measures during acquisition bids, and 9.8 billion is not a large amount for such types of transnational deals, Dong Shaopeng, an adviser for the China Securities Regulatory Commission, told the Global Times on Sunday. (news.financializer.com). As reported in the news.

meat: That sent the stock BYND, -2.00% surging 11.6% to 154.34 on heavy volume, according to Market Watch. Don't miss Beyond Meat's stock soars after McDonald's unveils test of company-made P.L.T. burgers. Beyond Meat investors got what they were waiting for Thursday, as McDonald's Corp. said it will begin testing in Canada a burger with a Beyond Meat-made, plant-based patty later this month. Jefferies analyst Kevin Grundy said this partnership has the potential to significantly boost Beyond Meat's BYND sales, if it is eventually rolled out beyond the testing phase to McDonald's 38,000 restaurants worldwide. While McDonald's MCD, 0.73% announcement is what bulls have been waiting for, Grundy said he can't recommend buying the stock as valuation keeps him on the sidelines. Grundy said if Beyond Meat's patties pass the test, and they eventually account for 1% to 6% of McDonald's beef volume in the U.S., it could add anywhere from 50 million to 285 million to Beyond Meat's annual sales. (news.financializer.com). As reported in the news.

affair: On Friday, the British Prime Minister was referred to the police complaints body to assess whether he should face a criminal investigation over his links with former model Jennifer Arcuri, according to Nine News Australia. The Sunday Times has now reported that she confided to four friends that they had been engaged in an affair during his time in City Hall. To improve your experience update it here News National Labor accuses Scott Morrison of 'megaphone diplomacy' regarding comments about China By AAP10 36am Sep 29, 2019Facebook Tweet Mail The US businesswoman at the centre of claims about her links to Boris Johnson reportedly told friends that she had an affair with him while he was mayor of London. Prime Minister Scott Morrison addresses the United Nations UN General Assembly in New York during his visit to the United States of America on Wednesday 25 September 2019. His account was said by the Sunday Times to corroborate that of other sources who had spoken to Arcuri. Photo Alex Ellinghausen Supplied The paper said that David Enrich, now the finance editor of The New York Times, had said he had been told of the alleged relationship by two of her friends when he was working for another newspaper. (news.financializer.com). As reported in the news.