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

giant: But analysts are predicting a turnaround for the company in the next year, according to Nine News Australia. The South Korean technology giant said Tuesday that it expects to make an operating profit of roughly 7.7 trillion Korean won 9.6 billion for the quarter that ended in September, down from 17.57 trillion Korean won 21.7 billion for the same period a year ago. To improve your experience update it here News World Samsung warns its profit fell 56 percent, but the worst could be over By 9News Staff3 06pm Oct 8, is warning investors that its operating profit likely plunged 56 percent in the third quarter as the company continues to struggle with sluggish demand for memory chips. But that forecast beat the 7.1 trillion won that analysts expected, according to Refinitiv. AP Shares in Samsung rose about 1 percent in Seoul during morning trading. It said it expects sales to fall 5 percent to 62 trillion won 77 billion . Kim Ki-nam, president and co-chief executive officer of Samsung Electronics Co.'s semiconductor division, speaks during the company's annual general meeting at a company's office building in Seoul, South Korea. (news.financializer.com). As reported in the news.

industry: Her new book, Blowout, takes on the fossil fuel industry or, as one person she cites puts it, the excrement of the devil, according to MSNBC. Maddow states her thesis at the outset The oil and gas industry is the most consequential, the most lucrative, the most powerful, and the least-well-governed major industry in the history of mankind. What sets her apart from other serial fulminators is that she does it with facts and sardonic wit. At its heart, this book is a tale of two countries, the United States and Russia, and how, as Maddow sees it, they have been warped by a rapacious fossil fuel industry. It's the key ingredient in the global chaos and democratic downturn we're now living through, she says. In her view, almost everything comes back, in the end, to the industry. (news.financializer.com). As reported in the news.

share recognition: How do we encourage investments into innovation that will be necessary to realize a sustainable society in the future That is the aim of launching this summit, he said, according to The Japan Times. We would like to share the recognition among the top management of industries and financial institutions that dealing with climate change is not a cost but a fountain for competitiveness. The 2015 Paris agreement, a global pact agreed on by nearly 200 countries to fight potentially devastating climate change, has spawned a boom in responsible investments to realize a sustainable society, trade minister Isshu Sugawara said in a keynote speech at the Tokyo summit convened by the Task Force on Climate-related Financial Disclosures, or TCFD. ; In particular, environmental, social and governance investing, known as ESG, has been boosted by about 2 quadrillion over the past six years, Sugawara added. Tasked with probing climate risks, the TCFD was established in 2015 by the Financial Stability Board, an international organization that monitors global financial systems, after a request from financial leaders within the Group of 20 industrial and emerging-market nations. As of the start of this month, the number of organizations supporting the TCFD recommendations stood at 855 worldwide including 194 from Japan making it the world's biggest TCFD-supporting consortium. Recommendations compiled by the TCFD in 2017 were mainly focused around four themes governance, strategy, risk management, and metrics and targets. (news.financializer.com). As reported in the news.

powell: FOMC participants continue to see a sustained expansion of economic activity, strong labor market conditions, and inflation near our symmetric 2 percent objective as most likely, according to Market Watch. Many outside forecasters agree, Powell told the National Association for Business Economics annual meeting in Denver. Federal Reserve Chairman Jerome Powell said the consensus among his colleagues at the U.S. central bank is that the record-long U.S. economic expansion can be sustained, but there are risks to this optimistic view. He noted that inflation has been gradually firming over the past few months. These slowdowns have occurred a few times in this expansion, he noted. During the question-and-answer session, Powell said clearly things are slowing a bit, but he added this might be another pause that refreshes the expansion. (news.financializer.com). As reported in the news.

pensions: After retiring from a factory in Beijing, Zhang and his wife have spent 30,000 yuan 4,241 to 40,000 yuan each year on their travels, according to Global Times China. Their annual pensions add up to roughly 72,000 yuan. Having already made two trips this year - one to the island of Taiwan and the other to Shanxi, he is now planning another tour. We don't worry too much about spending money on things we want, because we have pensions and medical insurance, which make us feel secure, said Zhang. As we respond proactively to the aging population, we will adopt policies and foster a social environment in which senior citizens are respected, cared for, and live happily in their later years, By the end of 2018, China had a population of 249 million aged 60 or above, larger than any other country and accounting for 17.9 percent of the national population. China's senior citizens like Zhang are behind the development of the silver economy in the rapidly aging country, as the government attaches greater importance to elderly care. (news.financializer.com). As reported in the news.

region: Among the documents, 291 ancient books have been listed as national rare antique books, according to Global Times China. More than 10 books comprising the ancient documents have been published, the Xinhua News Agency reported Monday night. Photo VCG Southwest China's Tibet Autonomous Region has filed 18,000 ancient documents in an effort to better protect the unique cultural heritage of the region. The registration is Tibet's largest ever census of its antique documents, which started in 2009. Experts believe that China has more than 100,000 ancient documents in the Tibetan language, with more than half stored in the Potala Palace, Tibet Museum, archives and the region's 1,300 monasteries. It is being promoted by China's national project on ancient documents protection initiated by the State Council in 2017. (news.financializer.com). As reported in the news.

gsk: Regulators have been recalling some blood pressure and heart failure medicines since last year. ; Britain's medicines watchdog said Glaxo Smith Kline GSK was recalling four prescription-only Zantac medicines a syrup, an injection and tablets of 150 and 300 milligram mg dosages. bit.ly/2IATooO Over-the-counter 75 mg dosage Zantac products are produced by a different company and are not affected by the recall, it added, according to The Japan Times. GSK informed the MHRA of our decision to suspend the release, distribution and supply of all dose forms of Zantac products, a company spokesman confirmed to Reuters. Zantac, also sold generically as ranitidine, is the latest drug in which cancer-causing impurities have been found. GSK is continuing with investigations into the potential source of the NDMA, he said, adding that the investigations include continued engagement with its suppliers and with external laboratories to conduct tests on finished product batches of Zantac. We are advising that patients should not to stop taking their medication, and do not need to see their doctor until their next routine appointment but should seek their doctor's advice if they have any concerns, the MHRA said. The Medicines and Healthcare products Regulatory Agency MHRA said health care professionals were told on Monday to stop supplying the products immediately, quarantine all remaining stock and return it to their supplier. (news.financializer.com). As reported in the news.

senators: Sykes's commentary definitely exceeded Williams's expectations; especially when he compared Johnson to one of the left's favorite boogeymen the late Senator Joe McCarthy, according to MSNBC. At the beginning of the segment, Williams attempted to paint a narrative of President Trump losing support among Republican Senators by reading statements from Senators Mitt Romney and Susan Collins expressing disapproval of the President's suggestion that China investigate Joe Biden. After playing a clip of the exchange, host Brian Williams brought in Never Trumpers Charlie Sykes and Bill Kristol to join him in bashing Johnson. Williams admitted that most of the Republican Party are still defending the President before teeing up the footage of Todd's interview with Johnson. Williams proceeded to ask Sykes, Does Senator Johnson deserve to represent the people of Wisconsin Sykes accused Johnson of channeling the former Senator from the state of Wisconsin, Joe McCarthy, in spinning out these various conspiracy theories during his appearance on Meet the Press . Echoing Hillary Clinton's talking points, Sykes expressed hope that more Republicans will act like the late Republican Senator Margaret Chase Smith, who took to the floor of the United States Senate and denounced the fear, ignorance, bigotry and smears of the McCarthy era. As he introduced his panel of anti-Trump Republicans, Williams held up Sykes as an example of the sturdy traditional kind of Republican you guys in Wisconsin have been producing for decades and generations. (news.financializer.com). As reported in the news.

minister: Energy Minister Angus Taylor on Tuesday shrugged off criticism of his policy, including from former prime minister Malcolm Turnbull, according to Nine News Australia. Mr Turnbull's prime ministership came to a brutal end last August in a leadership spill brought on by the coalition's internal divisions on its then-energy policy. To improve your experience update it here News National Keep power stations on 'flat out' Taylor By AAP1 21pm Oct 8, 2019Facebook Tweet Mail The minister responsible for Australia's energy system wants to keep ageing coal-fired power stations running flat out as he believes it will lower household bills. The former leader told The Australian the Liberal Party was to blame for current high power bills because it is incapable of addressing climate change. He remains convinced the nation will reduce emissions by 26 to 28 per cent on 2005 levels as outlined in the Paris agreement, despite government projections saying the opposite. But Mr Taylor insists he's achieving the same outcomes as the National Energy Guarantee, which would have seen Australia's emissions targets rubber stamped as law. (news.financializer.com). As reported in the news.

pound: In a sign of growing fears for the economy, the pound dropped by about half a cent against the single currency to trade at 1.115, while also falling by a similar amount against the US dollar, to 1.22, according to The Guardian. John Goldie, a dealer at the currency trader Argentex, said The market is pricing in that risk to a greater degree again. With weeks left before the 31 October Brexit deadline, sterling came under selling pressure on the foreign exchanges on Tuesday, sliding to its lowest point against both the euro and the dollar since early September, after negotiations took an acrimonious turn. The pound has lost ground against all the major currencies over the course of the day so far only the Canadian dollar has performed worse in the last week. The pound does not like the tone of all this. Sterling slid on the international money markets after a No 10 source said Angela Merkel was making a deal impossible and Brussels accused Boris Johnson of trying to play a stupid blame game . Neil Wilson of the financial trading company Markets said We are now heading towards the revoke versus no deal showdown. (news.financializer.com). As reported in the news.

reserve bankers: With interest rates cut to a record low 0.75 per cent by the RBA last week, Australia joined other major economies in slashing rates to near zero, according to Nine News Australia. Reserve bankers around the world regard lower rates as an economic stimulus. To improve your experience update it you need to do the opposite' Call for interest rates rethink By 9News Staff9 51am Oct 9, 2019Facebook Tweet Mail The Reserve Bank of Australia RBA should rethink its interest rate policy and consider raising them, Nine Finance Editor Ross Greenwood says. The cut came as the latest economic data shows the Australian economy is slowing down. Reserve Bank of Australia RBA Governor Philip Lowe has argued lower interest rates can help the economy. . Sydney Morning Herald What would happen then is a lot of imported goods would become cheaper. But Greenwood told Today there are benefits from higher rates, including a higher dollar. (news.financializer.com). As reported in the news.

sunday: Krux function var var ; Skip to main contentsign up for Room State Watch Latino Polls12 30 Report Politics 101Floor Action In The Know Sunday Talk Shows Policy Defense Energy & & a contributor Congress & Security Sunday Shows Events Lawmaker Events Past UsFacebook Twitter Linked In The Hill 1996-2019 News Communication Terms & Conditions Privacy Policy Top Room State Watch Latino Polls12 30 Report Politics 101Floor Action In The Know Sunday Talk Shows Policy Defense Energy & Blog All Contributors - Campaign- Civil Rights- Criminal Justice- Education- Energy & Environment- Finance- Healthcare- Immigration- International- Judiciary- Technology- White House- Become A Twitter Linked In Search form Search Donald The Untold Story ; Webb When opinion becomes vitriol By David Webb, opinion contributor 10/08/19 07 15 PM EDT The views expressed by contributors are their own and not the view of The Hill ; function var linkedin Script El if linkedin Script El null var share Linkedin El var script El script El.src script El.async true; script El.innerHTML lang en US ; ; View Latest Opinions iStock The right to opine on any issue, especially in politics, is considered an American art form, according to MSNBC. We didn't invent it but in the modern era we've expanded its use and application especially with new technologies and social media. 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Radio had the most reach for decades and still is an incredibly powerful communication medium. The attempted rise of liberal talk radio has fallen flat in America. The rise of conservative talk radio demonstrates that, more often than not, opinion supported by facts will win the broadcast day. (news.financializer.com). As reported in the news.

chinese officials: However, reports over the weekend indicate that Beijing delegates may be aiming to offer a narrower trade resolution than the Trump administration is hoping, according to Market Watch. It is uncertain what will come out of these talks, said James Hatzigiannis, senior strategist at Long Leaf Trading Group. U.S. and Chinese officials, including Vice Premier Liu He, are expected to resume trade discussions on Oct. 10-11. We are in a wait-and see approach for these talks. Against that backdrop, December gold GCZ19, 0.59% on Comex fell 8.50, or 0.6%, to settle at 1,504.40 an ounce. If they come up with a partial deal or anything positive, you will see gold drop and that has caused gold to stay at the 1,500 level, which gold is very familiar and comfortable with, he said. (news.financializer.com). As reported in the news.

costs prezzo: A number of restaurants in Britain's casual dining sector have closed sites or sought help in court to reduce rental costs, according to The Independent. Prezzo, a competitor of Pizza Express, shut down 94 of its restaurants last year, while Jamie Oliver's dining chain filed for insolvency in May. The restaurant chain has been struggling in its core UK market, as costs have risen while consumer demand has fallen due to changing habits. 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. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

investors worries: Bond yields rose. ; The market is coming off a three-week skid following a mixed batch of economic data that stoked investors' worries that a slowdown in U.S. economic growth could worsen, according to The Japan Times. Last week, the S&P 500 posted its first back-to-back losses of 1 percent this year as surprisingly weak numbers in surveys of manufacturing and service industries raised worries that the economy could slip into a recession. Technology stocks, companies that rely on consumer spending and banks accounted for much of the broad slide, offsetting gains in communication services stocks and utilities. The costly and long-running trade war between the U.S. and China remains a key source of uncertainty for markets, which have been volatile in response to the ups and downs in the conflict. Envoys from both nations are meeting in their latest bid to put an end to the dispute that is stunting global economic growth and spooking the stock market. Washington and Beijing are preparing for a new round of trade talks this week. (news.financializer.com). As reported in the news.

economies beijing: In spite of protectionist pressure from the US, China's central authorities have opted to open the door wider to other economies, according to Global Times China. Beijing is aware that only unfettered trade will lead to greater wealth and peace. The results were realized through the government's efforts in embracing reform and opening-up policies, implementing public welfare programs, partnering with as many countries as possible, and avoiding a zero-sum game with the US. Building walls to block the free flow of personnel, commodities and technologies across borders created backwardness around the world. Beijing has tried to de-escalate the 15-month-long trade war with Washington. Now, the world is pinning with the hope that the two largest economies will resolve their trade spat and reach an agreement as soon as possible. China's government has moved to omit punitive tariffs on selected US-made products, in addition to increasing imports on US soybeans, pork and other agricultural produce. (news.financializer.com). As reported in the news.

g connections: As the head of Huawei's first directly managed flagship store, he has been overwhelmed by surging crowds during the weeklong National Day holiday that started Tuesday, according to Global Times China. We have to restrict the flow of customers every day, he said. Huawei/Handout via Xinhua For days, Chen Shuxin stood at the store's gate to greet shoppers and photographers. There's a lot of traffic coming in, and the queue often runs from the southern gate to the northern gate of our store. In addition, Chen said people can gain inspiration and exchange feedback here, too. The flagship store, which opened on Sept. 28, is designed for people to explore Huawei's most novel and comprehensive products, experience the fastest 5G connections, and discuss products and technologies. (news.financializer.com). As reported in the news.

isn t: You bookmarked an article somewhere about the newest rotation to read later, according to Market Watch. But, despite it all, you have a nagging feeling There's got to be an easier way to invest. You've got a pile of newspaper clippings about the strategy of the month. If that sounds like you, it's time to get acquainted with factors. Factor investing isn't new it dates back to the mid 1970s but it's gotten a boost over the past few years from the proliferation of exchange-traded funds. Consider factors the performance qualities of a stock that can be identified and tracked to create an investing strategy that outperforms the broader market. (news.financializer.com). As reported in the news.

aaron: He is also is contributor to The Nation magazine and former host/producer for The Real News and Democracy Now!. 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He hosts Pushback with Aaron Mat u00e9 on The Grayzone. (news.financializer.com). As reported in the news.

apple ceo: In the interview, Cook was asked if Apple intended to create its own currency, according to MSNBC. In response, Cook said, No. Tim Cook made the remarks in an interview to the French publication Les Echos. I deeply believe that money must remain in the hands of states. The Apple CEO added that he does not believe that a private company has to seek to gain power in this way. I am not comfortable with the idea that a private group creates a competing currency. (news.financializer.com). As reported in the news.

biodiverse continent: As the world's most biodiverse continent, home to roughly 40% of the world's plant and animal species, Latin America is a hub for the criminal trade, according to The Guardian. Wildlife trafficking is increasing in most countries in the region, including the conference's host, Peru, said the head of its forestry and wildlife service, Luis Alberto Gonzales-Zu iga. After drugs, guns and human trafficking, wildlife trafficking is the world's most lucrative organised crime with an annual value of around 20bn 16bn each year, according to a 2016 report by Interpol and the UN environment programme. It's not stalled, or declining, it's on the rise. Whether it is the trade in live wildlife or dead animals and their parts, the countries from which they originate need to take the crime more seriously, said Salvador Ortega, Interpol's head of forest crime for Latin America. It's a globalised business and it needs a globalised response, he told the Guardian. (news.financializer.com). As reported in the news.

job cuts: Just three days after withdrawing its registration for an initial public offering, WeWork informed staff of far-reaching job cuts to come by the end of the month, according to sources who attended the meeting. ; Three top executives delivered the news from a room at WeWork's New York headquarters Thursday afternoon, according to The Japan Times. Although the executives didn't specify how many jobs were on the line, people familiar with the discussions have pegged the amount at about 2,000, representing some 16 percent of the global workforce. At WeWork, not going public may have brought a worse fate. Deliberations are ongoing, and the number could change. Many staff meetings at WeWork, even somber ones, have an alcoholic beverage on hand. Signs that the party is ending came in both subtle and more direct ways. (news.financializer.com). As reported in the news.

reserves: It is the first time in 30 years that the share of gold in Russian foreign exchange reserves has exceeded 20 percent, according to Global Times China. Russia's central bank is increasing its gold reserves and has been the world's largest buyer of gold for years. Gold reserves were 2219.2 metric tons, or 109.5 billion, accounting for 20.7 percent of total foreign exchange reserves. In the last 10 years, Russia's gold reserves have more than tripled. First, it's a way to avoid international economic risks. There are reasons why Russia has significantly increased its gold reserves. (news.financializer.com). As reported in the news.

singapore sti: Australia's S&P/ASX 200 XJO, -0.71% rose 0.5%, while South Korea's Kospi 180721, 1.21% was about flat, according to Market Watch. Benchmarks indexes in Taiwan Y9999, -1.16% Singapore STI, -0.64% and Indonesia JAKIDX, -0.29% rose slightly. Japan's benchmark Nikkei 225 NIK, -0.61% lost early gains to be down 0.3% in morning trading. Markets in Hong Kong and mainland China were closed for a holiday. LG Electronics 066570, -1.59% rose in South Korea while Beach Energy BPT, -2.44% and Woodside Petroleum WPL, -1.69% advanced in Australia. Among individual stocks, e-commerce company Rakuten 4755, -2.68% gained in Tokyo trading, while Honda 7267, 0.70% and Mitsubishi UFJ 8306, -0.71% fell. (news.financializer.com). As reported in the news.

sweden denmark: Mr Johnson will hold telephone conversations with the leaders of Poland, Sweden and Denmark on Monday but there is nothing in the diary at the moment for him to travel to the Continent this week, Downing Street confirmed, according to The Independent. French President Emmanuel Macron upped the ante by saying the workings of a deal must be in place by Friday for any movement on a deal to be made at the Council meeting in less than a fortnight's time. With only 10 days left until the crunch European Council meeting on October 17, the Prime Minister has been left in the cold by the EU27 following the publication of his proposals for a deal last week. But Downing Street said the imposition of such a deadline was not helpful and called on the EU to match the compromises made by the UK. I don't think it is helpful for me to talk in those terms, said the Prime Minister's spokesman, when asked about talk of a Friday deadline being imposed by the Elysee Palace. He added We are ready to talk with the EU at a pace to secure a deal so we can move on and build a new partnership between the UK and EU. But if this is to be possible then the EU must match the compromises that the UK has made. The Prime Minister has been the first to set out we are under time pressure if we are going to leave the EU with a deal. (news.financializer.com). As reported in the news.

time friday: The euro was at 1.0972-0972, up from 1.0971-0971, and at 117.23-24, up from 117.14-15. ; The dollar fell below 106.60 in the early morning after Bloomberg reported that China is increasingly reluctant to agree to a broad trade deal with the United States ahead of trade talks scheduled to start Thursday, market sources said, according to The Japan Times. But investors moved to buy back the U.S. currency, heartened by its resistance to fall below 106.50, said an official at a foreign exchange margin trading service firm. At 5 p.m., the dollar stood at 106.84-84, up from 106.76-77 at the same time Friday. The dollar-yen pair turned almost static at around 106.80 in the afternoon, reflecting a growing wait-and-see mood ahead of the trade talks, market sources said. The carmaker's directors tapped Makoto Uchida, 53,... Japanese manufacturers use decades of experience to dominate key chemical market for cutting-edge... Tokyo Ohka Kogyo Co., JSR Corp. and Shin-Etsu Chemical Co. Twitter Facebook Linked In GET THE BEST OF THE JAPAN TIMESIN FIVE EASY PIECES WITH TAKE 5 Mail the editor Error Policy JOIN THE CONVERSATION LATEST BUSINESS STORIESNissan power struggle ends in uneasy compromise with three contenders taking top roles The struggle for the leadership of embattled Nissan Motor Co. ended in an uneasy compromise, as the top contenders all got senior roles. (news.financializer.com). As reported in the news.