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

american products: Trump's tax cuts and spending hikes have indeed provided extra short-term stimulus, according to The Guardian. So, too, apparently, have foreign buyers of American products such as soybeans, who are rushing to stock up before the tariff war fully heats up. But when it comes to economic performance, the country's presidents have considerably more influence over long-term trends than over short-term fluctuations. Still, it is not easy to speed up a 20tn economy, even by running a budget deficit of nearly 1tn, as Trump's administration is doing. Is this the end of the road for the euro Hans-Werner Sinn Read more In a cantankerous political environment, it is not easy to think about the long term. In fact, short-term fluctuations in business inventories have arguably stymied growth as much as other factors have temporarily propped it up. (news.financializer.com). As reported in the news.

bali holiday: Ross Marais turned his cupboard clean-out into a Bali holiday after selling unwanted items online for 1,500, according to Nine News Australia. I sold an old iPhone, got rid of an old fridge and a couch, said the financial advisor. To improve your experience update it here News National Average Aussie households are holding onto 4000 worth of sell-able items By Mark Santomartino Reporter8 29pm Aug 6, Aussies are being urged to tap into a potential 34b second-hand economy. Ross Marais sold his unwanted items online, earning back 1,500. It's a success online trading website Gumtree, says can be replicated by anyone. Picture 9NEWS 9news Then I looked at flipping a few bikes... so just bought some and sold some and made a bit of a profit. (news.financializer.com). As reported in the news.

cnn opinion: The opinions expressed in this commentary are solely those of the authors, according to CNN. View more opinion articles on CNN. CNN Opinion asked a group of contributors to weigh in on the implications for both free and commercial speech and what it means in the political moment. (news.financializer.com). As reported in the news.

figure: She is suddenly, rightly, a major figure in British female sport after her victory in the women's Open on Sunday, according to The Guardian. Hall's dedication to her game came, by her admission, at the expense of parts of her childhood; there were no holidays between the ages of six and 21. The 22-year-old from Bournemouth began Monday with a string of national breakfast-show appearances and 490,000 almost 380,000 due to clear in the bank. I didn't really spend time with friends, I was just practising, she said. There were, though, economic realities. Life was golf, golf was life. (news.financializer.com). As reported in the news.

gp services: The Royal College of General Practitioners RCGP is warning that waiting times for consultations will lengthen and the care patients receive will suffer unless NHS England agrees the cash boost, according to The Guardian. Under current plans, GP services are due to receive 12bn of the NHS budget by 2020-21. Leaders of the profession want NHS bosses to plough some of the extra 20bn health funding pledged by Theresa May into improving the services offered by England's 7,150 GP practices. But the RCGP believes that should be revised to 14.5bn. In his first speech last month as the health and social care secretary, Matt Hancock identified improving the NHS workforce and redoubling efforts to prevent illness as key priorities. England's most senior GP quits over anonymous online posts Read more The money is needed to help with the growing demand to see a GP, a rise in long-term illnesses such as diabetes, and a growing shortage of family doctors, the college said. (news.financializer.com). As reported in the news.

madoff: The dispute highlights how almost a decade after Bernard Madoff admitted using money from new investors to repay older ones, basic elements of one of the biggest scandals in history are still hotly contested by some victims, according to The Toronto Star. TIMOTHY A. CLARY / AFP/GETTY IMAGES file photo The customers say they can prove that Madoff used cash from his investment advisory customers to buy billions of dollars in Treasuries and held Fortune 100 stocks that appeared on their statements. Bizarre though it sounds, there's a reason why they're advancing the claim If it wasn't a Ponzi scheme, they needn't surrender more than 100 million U.S. in what the trustee of Madoff's firm calls false trading profits. That, they argue, would defeat the trustee's claim that it was all a Ponzi scheme in which no real trading took place a theory the trustee calls pure fiction. I believe I can prove that securities were purchased for some of my customers. Read more Big payout to Madoff firm hired to pay back victims; zero so far paid to victims Article Continued Below Florida congressman targets delay in Bernie Madoff victim payouts First Bernard Madoff case reaches EU court long after Hollywood portrayals The standard for a Ponzi scheme is that there is no legitimate business, but Madoff was the single largest market maker in the world, said lawyer Helen Davis Chaitman, who represents about 70 customers. (news.financializer.com). As reported in the news.

offices: An Iranian street money exchanger holds a U.S. banknote in downtown Tehran, Iran, according to The Toronto Star. The ban on the exchange offices, introduced in March, had left the offices idle overnight gone were the familiar, daily long lines of Iranians waiting to buy or sell dollars. The bank also gave the green light for Iranian legal institutions and businesses to bring gold and foreign currency into Iran, according to the governor, Abdolnasser Hemmati. The measure also backfired, and the black market flourished. Those sanctions target Iran's automotive sector as well as gold and other key metals. Vahid Salemi / The Associated Press A first set of U.S. sanctions that had been eased by the Obama administration under the terms of the landmark 2015 Iran nuclear deal will take effect again on Monday, following U.S. President Donald Trump's decision in May to withdraw from the accord. (news.financializer.com). As reported in the news.

rouhani: If the US government is willing, let's start right now, Rouhani said during an interview that aired on state television late Monday local time, just hours before the US renewed sanctions on Iran, according to CNN. If there is sincerity, Iran has always welcomed dialogue and negotiations, Rouhani said. I don't have preconditions. Trump's national security adviser John Bolton, when asked about the offer by CNN's Jake Tapper, dismissed it as possible propaganda. If the Iranians are really willing to come and talk about all of their malign behavior in the region and around the world, I think they'd find the President willing to do it, Bolton said. Let's see what really comes of it or whether it's just more propaganda, Bolton said, adding that Trump has been consistent that he would be willing to negotiate with regimes such as North Korea and Iran. (news.financializer.com). As reported in the news.

sector: The sanctions target financial transactions that involve US dollars, Iran's automotive sector, the purchase of commercial planes and metals including gold, according to Nine News Australia. More US sanctions targeting Iran's oil sector and central bank are to be reimposed in early November. To improve your experience update it here News World Trump New Iran sanctions are for peace9 08pm Aug 7, 2018Facebook Tweet Mail The first set of US sanctions against Iran that had been eased under the landmark nuclear accord have gone back into effect under an executive order signed by President Donald Trump. In an early-morning tweet, Trump said the re-imposition of sanctions mean, Anyone doing business with Iran will NOT be doing business with the United States. But European Union foreign policy chief Federica Mogherini, during a visit to Wellington, New Zealand, said that the EU is encouraging enterprises to increase their business with Iran, as the country has been compliant with their nuclear-related commitments Related Articles Experts Iran could answer US sanctions with cyberattacks Choose US or Iran, Trump tells international businesses Trump says he would 'certainly meet' with Iran's Rouhani We are doing our best to keep Iran in the deal, to keep Iran benefiting from the economic benefits that the agreement brings to the people of Iran because we believe this is in the security interests of not only our region, but also of the world, she said. I am asking for WORLD PEACE, nothing less! Trump pulled the US out of the international accord limiting Iran's nuclear activities three months ago, declaring that the landmark 2015 agreement was horrible and left the Iranian government flush with cash to fuel conflict in the Middle East. (news.financializer.com). As reported in the news.

sector: Disappointing corporate earnings in the European banking sector added to the cautious start to the week's trading, according to Nine News Australia. Chinese state media launched an unusually personal attack against US President Donald Trump's trade policies on Monday, saying Trump's trade extortion would not work. To improve your experience update it here News World Shares struggle on trade fears7 25pm Aug 6, shares have struggled as fears of the escalating US-China trade conflict outweighed the boost to sentiment from Chinese authorities' intervention last week to shore up its currency. It also sought to reassure investors about Chinese economic strength as the months-long dispute rattles financial markets and raises deepening worries about the impact on the real economy. European shares were also mixed. After an initial rise, Asian shares earlier succumbed to selling pressure, with Chinese shares sliding into negative territory. (news.financializer.com). As reported in the news.

taxpayer-funded delegation: The next day they watched a boy's basketball tournament in Matera's piazza where a team from Toronto placed second, according to The Toronto Star. Surrounding them was the same craggy skyline that set the scene for Hollywood blockbusters. One night the taxpayer-funded delegation listened to musicians play in an old quarry cave. Councillor Vincent Crisanti front left signs the memorandum of understanding alongside Matera officials during the trip last year. Francesco Sorbara / Twitter Other days they toured beyond the hillside city, discovering the lush Basilicata region with vineyards and vegetables, and to factories where machines spun out pasta. MPs Judy Sgro and Francesco Sorbara stand in the centre back row. (news.financializer.com). As reported in the news.

attack: Venezuela's socialist government alleges the detained suspects conspired with others in Miami and the capital of neighbouring Colombia, though they offered no specific evidence, in Saturday's attack, according to Nine News Australia. Opposition leaders have criticised Maduro for singling out his political opponents, and they warned that he might use the attack to further suppress his critics. To improve your experience update it here News World Six detained over Maduro drone attack6 42am Aug 6, hunting for assailants behind a failed attempt to assassinate Venezuela's President Nicolas Maduro with explosives-laden drones have raided hotels and seized vehicles while grilling six suspects for details of the plot. The attack came as Venezuela reels from an economic and humanitarian crisis and Maduro has grown increasingly isolated. Maduro and his allies say the attack proves an international plot to overthrow his socialist administration exists while also saying the military's response shows the president has the loyalty of Venezuela's soldiers. Foreign nations, including the US, are slapping economic sanctions on a growing list of high-ranking Venezuelan officials and decrying his government as an autocratic regime. (news.financializer.com). As reported in the news.

copper box: The equestrian statue of Beauregard was taken down by a crane more than a year ago after a contentious public battle, according to CNN. The time capsule was found on July 25, after the base of the statue was removed. Curators at the Louisiana State Museum on Friday unveiled the contents of a copper box found underneath the base of the statue of Confederate General P.G.T. Beauregard. Work to dismantle a statue of Confederate General P.G.T. Beauregard was completed in May. context Image Object name Work to dismantle a statue of Confederate General P.G.T. Beauregard was completed in May. description Work to dismantle a statue of Confederate General P.G.T. Beauregard was completed in May. url The time capsule contained Confederate memorabilia including photos of Confederate General Robert E. Lee and Confederate President Jefferson Davis, along with flags, currency, medals, ribbons and other paper items related the city. Museum curators said they had to dehumidify some of the items to separate them for display. Many of the contents were damaged by weather and time, but some were in surprisingly good condition. (news.financializer.com). As reported in the news.

google: It, like Amazon and Google hard on its heels, offers products and services that have transformed our lives, according to The Guardian. These companies' financial and market powers are staggering. Last week, Apple became the world's first trillion-dollar corporation. They are the new technopolists. Even one of Shakespeare's giddiest fools could see what a Jacob Rees-Mogg cannot that such power requires countervailing force of equal scale that cannot be supplied by a nation state alone. But how are the great things they do to be curated and enhanced and how are the menaces to be contained What unites far left and far right is that neither ideology begins to provide answers. (news.financializer.com). As reported in the news.

case: That would be the case even without Brexit, according to The Guardian. The UK economy has recovered more slowly and more unevenly than Carney envisaged when he took over at the Bank from Mervyn King in 2013. Had things gone as originally planned, Carney would have handed over the keys to Threadneedle Street a month ago and someone else would have had the task of steering the economy through what is certain to be a fiendishly tricky period. It was only last week that the Bank's monetary policy committee felt confident enough to raise interest rates above the 0.5% emergency level that they reached in March 2009. Certainly, his remarks when questioned on the BBC Today programme on Friday were blunt. But Brexit is taking up half the governor's time and it is clear that he is starting to get concerned. (news.financializer.com). As reported in the news.

jobs: This dystopian picture of busy machines and queues of jobless Britons was replaced this month by a rosier view from PwC, which made the opposite claim robots and artificial intelligence could create as many jobs as they destroy, which happens to be around 7 million, according to The Guardian. Then the University of Oxford said 35% of UK jobs could be automated, while a 2017 McKinsey report warned 5% of UK jobs were highly automatable. Robots threatened 15 million UK jobs, he said. The MIT Technology Review has identified at least 18 different predictions about automation. It's about the detachment from history and real life stemming from a disastrously narrow education that allows economists to make such claims, and the damage that does to public debate about important matters. This article is not about robots, AI or even the debate raging over the impact of Brexit. (news.financializer.com). As reported in the news.

payday lending: The claims, said Wonga, related to loans taken out before 2014, when outrage over its payday lending offers prompted new rules to cap the cost of borrowing, according to The Guardian. The UK's payday lending industry has been criticised by campaigners who claim its high interest rates and marketing tactics unfairly target vulnerable borrowers. The short-term loan firm said the development was a way of coping with a surge in claims from former customers seeking compensation. A Wonga spokesman, confirming the 10m injection, said its shareholders remained fully supportive of management's plans for the business . Wonga continues to make progress against the transformation plan set out for the business. The lender was forced to scrap its business model after running into regulatory problems and because of the cap on loan rates introduced by the Financial Conduct Authority in 2015. In recent months, however, the short-term credit industry has seen a marked increase in claims related to legacy loans, driven principally by claims management company activity. (news.financializer.com). As reported in the news.

investment: Tourism and foreign direct investment significantly contributed to economic development in the nation, according to Xinhua China. According to government figures, the country received nearly 2.6 million international visitors in the first five months of 2018, up 13.5 percent year-on-year, while it attracted the fixed asset investment of 3.5 billion U.S. dollars in the first six months of this year, up 14 percent year-on-year. Cambodia ensures safety and welcomes tourists and traders who want to visit and invest in the country without disappointing them, he wrote on his official Facebook page. The 66-year-old prime minister also thanked the Cambodian people for voting for the ruling Cambodian People's Party CPP in Sunday's general election, saying that the CPP's victory gave him an opportunity to continue to lead and further develop the country. The National Election Committee's preliminary results indicated that the CPP won the election, receiving 4.87 million votes, or 76.78 percent, of the total valid votes. Twenty political parties contested in the sixth general election on July 29. (news.financializer.com). As reported in the news.

pompeo: Our US delegation also had the opportunity to deliver Potus reply to Chairman Kim's letter, according to CNN. Secretary Pompeo Sec Pompeo August 4, 2018 Trump's letter comes in response to a letter he received this week from Kim, according to State Department spokeswoman Heather Nauert. We had a quick, polite exchange. The letter from the President was delivered to North Korean Foreign Minister Ri Yong Ho after Pompeo shook hands and spoke with Ri at the ASEAN meeting in Singapore, Nauert said. Sung Kim was previously an ambassador to South Korea and a special representative for North Korea policy. US Ambassador to the Philippines Sung Kim handed the Trump letter to Ri, and Ri thanked him, Nauert said. (news.financializer.com). As reported in the news.

sector: But now there are signs that cracks may be starting to appear in some of the biggest firms in the sector, according to The Guardian. Facebook suffered the biggest ever one-day drop in a company's market value losing more than 90bn after its growth slowed in the wake of the Cambridge Analytica scandal. Their shares have been soaring since the start of the year, despite being buffeted by trade war fears as President Trump talked of limiting Chinese investments in the US and restricting American technology imports to China. Twitter lost 20%, or 5bn, as it reported a surprise fall in active monthly users, while streaming service Netflix missed its targets for subscriber numbers. That was in marked contrast to a conference call for the company's previous set of figures, when he accused a Wall Street analyst of boring bonehead questions and ignored queries from investors. On the other hand, electric car specialist Tesla managed to head in the right direction despite making a 717m second-quarter loss, as its controversial chief executive, Elon Musk, regained investor confidence after apologising for previous outbursts. (news.financializer.com). As reported in the news.

shin ok-ju: Only then would Earth be ready for the Second Coming of Jesus Christ, she said on her website, according to CNN. Esther, whose legal name in South Korea is Shin Ok-ju, predicted there was a great famine and believed she and her followers needed to find a new home. She wanted to help craft a world where, as her church put it, only God is God. They set their sights on Fiji, in the Pacific, and quickly began laying the eternal foundation to raise Fiji to be the center of the world as promised in the Bible. Read More Hundreds of people from around the world followed, according to the Grace Road Church website.A screengrab from Grace Road Church's homepage. The church's corporate arm, GR Group, set to work opening businesses across the small Pacific island, in industries ranging from construction to agriculture. (news.financializer.com). As reported in the news.

election results: The landmark vote -- Zimbabwe's first since the toppling of strongman Robert Mugabe -- was being closely watched, with election observers and foreign investors looking on to see if the country had shed its previous reputation, according to CNN. Opposition leader Nelson Chamisa says his party will challenge the election results. context Image Object name Opposition leader Nelson Chamisa says his party will challenge the election results. description Opposition leader Nelson Chamisa says his party will challenge the election results. url Chamisa, who at 40 is the country's youngest presidential candidate, said his party was working around the clock with a legal team to put together a plan of action following the results, but he did not give any details. A day after President Emmerson Mnangagwa was declared the winner of the vote, Nelson Chamisa, leader of the Movement for Democratic Change, told a news conference the vote was anything but a free and fair. As far as we are concerned this presidential result is fraudulent, illegal, illegitimate, and characterized by serious credibility gaps and some serious legitimacy issues that we feel must be raised, Chamisa said at the news briefing. Zimbabwe anti-riot police personnel deploy Friday at the Bronte Hotel in Harare. context Image Object name Zimbabwe anti-riot police personnel deploy Friday at the Bronte Hotel in Harare. description Zimbabwe anti-riot police personnel deploy Friday at the Bronte Hotel in Harare. url reasons that were unclear, police escorted journalists away from the area.A Movement for Democratic Change representative told CNN the police had broken it up because they thought it was an illegal political gathering. Read More The opposition leader's first attempt to hold a press conference Friday was thwarted after police stormed the Harare hotel where he was scheduled to speak. (news.financializer.com). As reported in the news.

korea: The United States will continue to enforce UN and US sanctions and shut down illicit revenue streams to North Korea, Treasury Secretary Steven Mnuchin said in a statement, according to CNN. Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea. The latest action taken by the Treasury Department also targets one individual and two front companies for facilitating illicit North Korean financial activity. Trump to Kim Thanks and see you soon Russia's Agrosoyuz Commercial Bank was targeted by Treasury for aiding transactions on behalf of Han Jang Su, the Moscow-based chief representative of Foreign Trade Bank, North Korea's primary foreign exchange bank. Both Su and FTB had been previously designated for sanctions by the US. Su was also separately designated by the United Nations. The US government also imposed sanctions against the FTB's deputy representative, Ri Jong Won. (news.financializer.com). As reported in the news.

mugabe: His revolutionary credentials, coupled with his support among key parts of Zimbabwe's elite -- specifically within the military and security services -- singled him out as a likely successor to Robert Mugabe, according to CNN. For 40 years, Mnangagwa stood next to Mugabe, the man who ruled Zimbabwe from its inception in 1980 until last year. Known for his political longevity and survival skills, Emmerson Mnangagwa has been biding his time, waiting in the wings to take over as leader of Zimbabwe. Mnangagwa was the leader's right-hand man until being fired weeks before the November coup that toppled his longtime boss. Read More Then-President Robert Mugabe addresses party members in November shortly before his ouster. context Image Object name Then-President Robert Mugabe addresses party members in November shortly before his ouster. description Then-President Robert Mugabe addresses party members in November shortly before his ouster. url got that chance after the November coup, and a victory in this week's election cements his position as the nation's leader. Mnangagwa had fought alongside Mugabe in the 1977 liberation war, and then later was security minister and justice minister, but the job he had always wanted seemed to elude him. (news.financializer.com). As reported in the news.

chemical poison: Wan Azirul said he took possession of the victim's blazer, backpack and watch and handed them to the chemistry department for analysis, but was later told by investigation authorities to hand them over to representatives of the North Korean embassy, according to The Japan Times. I do not know why, I was following orders, he added. Indonesian Siti Aisyah, 25, and Doan Thi Huong, 28, a Vietnamese, are charged with murdering Kim Jong Nam by smearing his face with VX, a chemical poison banned by the United Nations, at Kuala Lumpur airport on Feb. 13. ; The money is now stored in a safe in the office of the police chief of the Sepang district, which has jurisdiction over the murder site, police official Wan Azirul Nizam Che Wan Aziz said. In court, the prosecution played more than 30 videos of closed-circuit television footage of the women's activities, after Judge Azmi Ariffin overruled defense objections to their admissibility, saying it could be challenged later in the case. Some of the footage, dated Feb. 11, appeared to show Huong approaching an unidentified man from behind and placing her hands around his neck and face, before backing away slowly with her head slightly lowered and her hands put together. The defense lawyers for both Huong and Siti Aisyah said the videos could be considered hearsay, as the investigating officer did not record them himself and was not present to witness the crime. (news.financializer.com). As reported in the news.

cryptocurrency exchanges: But observers say they are now detecting a rethink by the Chinese authorities, causing bitcoin on Thursday to surge past the 5,000 level for the first time since its launch eight years ago, according to The Japan Times. Around 3 30 p.m. Even bitcoin enthusiasts had experienced some doubts over the summer when Chinese regulators cracked down on exchanges trading the virtual currency and a dispute among developers gave birth to a new version, splitting the market of the budding currency. ; In September, banking regulators in Beijing and Shanghai ordered local cryptocurrency exchanges to shut down. Greenwich Mean Time its value based on a basket of trading exchanges calculated by Bloomberg was 5,247.02, up from 4,829.29 late Wednesday. Should rumors reported in state media be confirmed, then what is by far the most well-known and traded of more than 1,000 so-called cryptocurrencies could climb to even greater heights, experts predict. This represents a rise of 400 percent this year alone. (news.financializer.com). As reported in the news.