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

cannabis stocks: Canadian dollars fall in a photo illustration in Vancouver in 2011, according to The Toronto Star. JONATHAN HAYWARD / THE CANADIAN PRESS The health-care sector fell the most at 3.46 per cent as cannabis stocks lost ground for a third-straight day since legalization. Consumer staples, real estate, utilities and telecommunications sectors were the winners Friday as all but two sectors on the Toronto Stock Exchange gained on the day. It was followed by technology which lost 1.65 per cent. What kind of stands out for me is the breadth of the defensive, he said in an interview. There was a defensive tilt to the trading on both sides of the border, said Ian Scott, an equity analyst at Manulife Asset Management. (news.financializer.com). As reported in the news.

credit controls: Much of the blame for the slowdown was heaped on Beijing's credit controls, which had restricted lending and investment, especially in heavy industries, according to The Guardian. Beijing tightened controls on lending last year to rein in a debt boom. Growth in the three months to the end of September slipped to 6.5% from 6.7% in the previous quarter, official data showed, to mark the slowest rate of quarterly GDP growth since early 2009. That has weighed on housing sales and consumer spending. Credit controls and trade tensions were taking a bite out of economic momentum said Bill Adams, a senior economist at PNC Financial Services Group, in a report. Car buyers are steering clear of dealerships. (news.financializer.com). As reported in the news.

exports: That's its weakest quarterly growth since the depths of the global financial crisis in early 2009 and below economists' expectations of 6.6%. The Chinese economy has lost momentum this year following government efforts to try to rein in high levels of debt, according to CNN. It has also started coming under pressure from US tariffs on more than 250 billion of its exports. The world's second biggest economy grew 6.5% in the third quarter of this year, according to official data published Friday. China is pumping more cash into its economy as the trade war heats up Chinese officials have turned to tax cuts, infrastructure spending and looser monetary policy as they seek to prop up growth. He predicts the slowdown will bottom out around the middle of next year. We think more easing will still be needed in order to stabilize growth, Julian Evans-Pritchard, senior China economist at research firm Capital Economics, said in a note to clients Friday. (news.financializer.com). As reported in the news.

growth: That's its worst performance since the depths of the global financial crisis in early 2009 and weaker than economists expected, according to CNN. Government efforts to rein in debt are putting the brakes on growth, and US tariffs on 250 billion of Chinese exports are set to make things worse. China's growth slows The world's second biggest economy grew 6.5% in the third quarter of this year. (news.financializer.com). As reported in the news.

house: White House chief economic adviser Larry Kudlow tells a good story . . . about an interesting story, according to The Toronto Star. Pablo Martinez Monsivais / AP file photo According to the Washington Examiner, which was in attendance, Kudlow said that one of his friends in the White House, who will go unnamed, said they were pleased they had managed to come to a trade agreement with Canada despite Trudeau.TOP STORIES. For the day's top news from the Star's award-winning journalists, sign up for our daily headlines newsletter. Larry Kudlow, Trump's chief economic adviser, recounted the story at an invitation-only dinner hosted by the American Spectator, a conservative magazine. We didn't walk away. We made a deal. We didn't end it. (news.financializer.com). As reported in the news.

jason dean: Jason Dean Lynch today pleaded guilty to possessing dangerous drugs, which the judge ruled he intended to sell, after police seized cannabis and cash from the house, according to Nine News Australia. Lynch tried to argue he won the cash on the pokies and also earned it from cash in hand jobs while receiving welfare. To improve your experience update it here News National Man avoids jail after using public housing to store illegal drugs7 25pm Oct 19, 2018Facebook Tweet MailA public housing tenant has avoided jail after using a taxpayer-funded house to store illegal drugs. Jason Dean Lynch outside court today. 9NEWS The family are still living in the public housing home. 9NEWS His claims were rejected by the court, which was told police found electronic scales, five mobile phones and a stun gun in the house. Lynch was instead sentenced to 18 months' supervision. The judge opted not to give Lynch a jail sentence due to his mental health issues. (news.financializer.com). As reported in the news.

leftfield: A year on, however, she has given the album a second lease of life as Take Me a Part, the Remixes, according to The Guardian. And she is not the only one giving their latest release a late-campaign buff-up playful synthpop duo MGMT have gifted February's underwhelming fourth album Little Dark Age a thorough overhaul from leftfield electronicist Matthew Dear, while Alt-J just dropped Reduxer, a rap-heavy do-over of their recent Relaxer LP which is, frankly, better than it has any right to be. Translating those accolades into record sales, however, was to prove tricky the album failed to break either the US Billboard Top 100 or UK's Top 50 charts. The remix album has a long history, much of it woeful the sound of fading stars opportunistically belly-flopping beside bandwagons Sly Stone desperately dressing his faultless funk classics up in gaudy disco gear on 1979 turkey Ten Years Too Soon or rockers glumly retooling their hits for dancefloors where they don't belong dance great Shep Pettibone dragging Level 42's Lessons in Love out into an endless, priapic rut on 1987's The Family Edition . And the less said about the millennium-era fad for mashups the better. Consider Brit-soul bohemians Imagination's icy funk getting remixed by godlike DJ Larry Levan for their overlooked 1983 masterpiece Nightdubbing; Soft Cell's accurately titled Non-Stop Ecstatic Dancing, which enlivened their perfect perv-pop with some of the first MDMA to enter the UK; A Tribe Called Quest rewiring their debut with dancehall skank and Carly Simon's midlife ennui on 1992's Revised Quest For The Seasoned Traveller; or Bj rk stripping back her intense 2015 breakup album Vulnicura on Vulnicura Strings. He was like the Messiah' Larry Levan, the DJ who changed dance music forever Read more But then there are those remix albums that redeem this cynical, old-rope-selling concept, reimagining old songs in new contexts, translating artists for different audiences, and uncovering infinite new creative possibilities within the familiar. (news.financializer.com). As reported in the news.

show chang: Source Bloomberg More From Bloomberg Markets The Close' Full Show Chang Says China's Currency Biggest Issue03 40Goldman's Moran on Corporate Pension De-Risking Strategies06 37Former CFIUS Director on Broadcom-CA Deal Scrutiny All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Bloomberg Chief Economist Michael McDonough speaks on Bloomberg Markets. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

women: The East African nation late on Thursday announced that women now make up half of the slimmed-down, 26-seat cabinet, according to Nine News Australia. Rwanda joins a handful of countries, mostly European, where women make up 50 per cent or more of ministerial positions, according to the Inter-Parliamentary Union and UN Women. To improve your experience update it here News World Rwanda names 50 per cent female cabinet10 36pm Oct 19, 2018Facebook Tweet Mail Two days after Ethiopia announced one of the world's few gender-balanced cabinets with 50 per cent women, Rwanda has done the same. The country has received international recognition for female representation in government, with women making up 61 per cent of parliament members. Abiy reportedly told lawmakers that women are less corrupt than men. Ethiopia's move this week was the latest in a series of dramatic political and economic reforms under Prime Minister Abiy Ahmed, who took office in April. (news.financializer.com). As reported in the news.

life savings: Victims on a chat group seen by 9news.au claim to have collectively lost thousands to the same man who claims to be selling tickets to sold-out events, according to Nine News Australia. University student Sophie Owen, 18, said she lost her life savings in the scam. To improve your experience update it here News National Event goers claim to have lost thousands in ticketing scam By Amber Schultz2 17pm Oct 19, Australians claim they have been scammed out of hundreds of dollars by an alleged Facebook fraudster. It was all of my saving pretty much, she said. Supplied Ms Owen placed an ad on Gumtree looking for tickets to Brisbane's Listen Out festival in August. The ID the man poses with in the photo has expired. (news.financializer.com). As reported in the news.

stock prices: It was the slowest rate since early 2009, according to The Toronto Star. An investor looks at screens showing stock prices at a securities company in Beijing on Friday. Growth in the quarter that ended in September slipped to 6.5 per cent over a year earlier from the previous quarter's 6.7 per cent, official data showed. GREG BAKER / AFP/GETTY IMAGES The world's second-largest economy already was cooling before a tariff war between Beijing and U.S. President Donald Trump erupted. That has weighed on housing sales and consumer spending. Beijing tightened controls on lending last year to rein in a debt boom. (news.financializer.com). As reported in the news.

year rule: Food prices have soared, according to The Guardian. The immediate cause of the crisis was the introduction of a new tax on electronic transactions, but its roots lie in the 37-year rule of Robert Mugabe, Energy Mutodi, the deputy information minister, said. In recent days, some vital commodities have become scarce, with motorists in Harare, the capital, spending a night in their cars in queues outside petrol stations, supermarkets rationing purchases or shutting entirely, and chemists unable to provide some basic medicines. The new 2% levy is intended to raise revenue from the vast informal sector that has mushroomed in recent decades. We are now in a new dispensation so there are a number of economic issues we need to correct. This is an economy that is dealing with the legacy of Mugabe. (news.financializer.com). As reported in the news.

asian equities: China's stock markets were hit hard - its benchmark stock index fell to four-year lows - in a gloomy session for Asian equities and for the yuan which approached a two-month low, according to Nine News Australia. China's premier warned of risks to the economy from an escalating tariff war with the United States. To improve your experience update it here News World Stocks fall after hawkish Fed minutes8 25pm Oct 18, 2018Facebook Tweet Mail The dollar has risen to a one-week high and stocks have edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets. European shares, however, largely shrugged off the disappointment in Asia. A pan-European equity index rose 0.4 per cent. London's FTSE traded 0.1 per cent higher and Frankfurt's DAX and Paris's CAC both rose 0.3 per cent. (news.financializer.com). As reported in the news.

bloomberg markets: Bloomberg's Lianting Tu reports on Bloomberg Markets China Open, according to Bloomberg. Source Bloomberg More From Bloomberg Markets The Close' Full Show 10/19/2018 14 hours ago06 12Rockefeller's Chang Says China's Currency Biggest Issue17 hours ago03 40Goldman's Moran on Corporate Pension De-Risking Strategies17 hours ago03 49China's Central Bank Tries to Reassure Investors17 hours ago All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Analysts say it's due to a perception among investors that state support will continue for the debt-laden sector. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

bolton: Bolton favors a harder line approach to the issue and criticized Department of Homeland Security Secretary Kirstjen Nielsen during the argument, a source said, according to CNN. Nielsen used to serve as Kelly's deputy when he ran DHS. Bolton reportedly said Nielsen needed to start doing her job, which incensed Kelly. Trump, who was incensed about the rising levels of migrants and threatened to shut down the southern border on Twitter earlier that morning, took Bolton's side during the argument. Trump blew up at homeland security chief over border security The President, who sources say was present for the beginning of the shouting match, later denied knowledge of it. No, Trump told reporters before boarding Air Force One to fly to Montana on Thursday afternoon. I've not heard about it. (news.financializer.com). As reported in the news.

canada: Exxon Mobil Corp and Royal Bank of Canada have been named two largest investors in the Canadian fossil fuel sector between 2010 to 2015, according to The Toronto Star. Ty Wright/Bloomberg News / Ty Wright/Bloomberg News Co-author and University of Victoria sociology professor William Carroll said in a statement that Canada's fossil fuel industry is in the hands of a few major players that have an interest in the sector's continued growth and the economic power that shapes its future. The report titled Who Owns Canada's Fossil-Fuel Sector was issued by the Corporate Mapping Project, a joint initiative by the University of Victoria, the Canadian Centre for Policy Alternatives and the Parkland Institute, with funding in part from the Social Sciences and Humanities Research Council of Canada. Using shareholder and revenue data from Orbis, a company with information on companies worldwide, Carroll found that the top 25 owners accounted for 40 per cent of the total revenues from the fossil fuel industry between 2010 to 2015. Within the top five largest owners, two out of three were Canadian. In this period, the top two investors were Exxon Mobil Corp with 6.57 per cent in average shares and the Royal Bank of Canada with 3.35 per cent in average shares. (news.financializer.com). As reported in the news.

crude exports: The Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found, according to CIBC analyst Jon Morrison, according to The Toronto Star. Larry Mac Dougal / The Canadian Press The price of Western Canada Select, or WCS, a local blend that represents about half the country's crude exports, has plummeted even as global benchmarks such as West Texas Intermediate have risen. The industry is less critical than it once was to the nation's prospects, enabling some Canadian dollar bulls to look past the recent slide in domestic crude prices and focus instead on the outlook for economic growth and the prospect of higher interest rates. Yet analysts continue to predict gains for the loonie, with the median forecast in a Bloomberg survey showing it appreciating to C 1.25 per dollar by the end of next year from current levels around 1.30. While the price of WCS is trading close to its widest discount to WTI on record, the world's 11th largest economy is running near its potential and the unemployment rate has fallen to around 5.9 per cent as other sectors such as technology boom. Good economic conditions in Canada are leading toward ongoing tightening by the Bank of Canada, said Greg Anderson, head of foreign-exchange strategy at Bank of Montreal, who expects the Canadian dollar to strengthen to about 1.27 over the next three months. (news.financializer.com). As reported in the news.

increase prices: The chief executive, Paul Polman, said a plan to increase prices in a bid to offset rising commodity costs had not affected sales, putting the company on track to reach targets it has set for 2020, according to The Guardian. However, despite his optimism, investors were unimpressed and shares in the FTSE 100 company fell 1.5%. The shares have been under pressure since the end of August, amid anger among City shareholders at a proposal, pioneered by Polman, to simplify its Anglo-Dutch structure by having a sole headquarters in Rotterdam. The firm behind brands such as Hellmann's mayonnaise and Dove soap reported a 3.8% rise in underlying sales to 12.5bn 11bn during the three months to the end of September. Unilever would have exited the FTSE 100, forcing many London-based institutions to remove it from their portfolios. Unilever made no mention of the U-turn in its third quarter statement on Thursday but the chief financial officer, Graeme Pitkethly, said the board would take time to consider all the feedback it received from shareholders on the issue before making any further moves. Opposition from investors eventually forced Polman to scrap the plan earlier this month before it was put to a vote. (news.financializer.com). As reported in the news.

master plan: The airport has released its 2018 Master Plan, with construction on a 150 million airport hotel to start next year, and a rail link closer than ever, according to Nine News Australia. Passenger comfort is a top priority, with the airport's 37 million passengers per year expected to double by 2038. To improve your experience update it here News National Pick-ups and drop-offs focus of Melbourne Airport's multi-million-dollar revamp7 16pm Oct 18, Airport is set for a dramatic shake-up, with pick-ups a focus under a new vision to rework roads to-and-from the busy terminals. There are bold new plans for Melbourne Airport. 9NEWS The funny feedback we've had from our masterplan has been around the need for a rooftop bar, Melbourne Airport CEO Lyell Strambi told 9News. New solar panels will help power 20 percent the entire precinct, while roads ware earmarked for 350 million facelift. I kind of get it it would be really lovely before you jump on a plane. (news.financializer.com). As reported in the news.

film: Maybe I should have noted that the film is offered in complete good faith, the production values are strong and it looks different from almost anything else around, according to The Guardian. But revisiting this film for its UK release hasn't fundamentally changed my mind; I continue to be dismayed by what I think is its gruellingly exploitative Euro-hardcore and its shallow, self-satisfied and wrong-headed conflation of honesty with sexual exhibitionism. I was not one of the admirers. It is about the personal and emotional journeys undertaken by quasi-fictional personae, evidently developed through improvisation. Christian Bayerlein is a man with spinal muscular dystrophy who wants to challenge body-image preconceptions. Facebook Twitter Pinterest Laura Benson is Laura, who appears in dialogue scenes with the director, discussing her issues with voyeurism. (news.financializer.com). As reported in the news.

price: I don't recall the complete conversation, Melissa Price told parliament on Thursday, according to Nine News Australia. Labor senator Patrick Dodson has accused Ms Price of making offensive remarks to former Kiribati president Anote Tong about his region always demanding cash . Ms Price told parliament she came across the group at a Canberra restaurant earlier this week but says it was a very pleasant, light-hearted conversation . She called Mr Tong on Wednesday to apologise after Senator Dodson penned a letter to her venting his concerns. To improve your experience update it here News National Price offers apology despite hazy memory4 27pm Oct 18, 2018Facebook Tweet Mail The environment minister has extended an olive branch to the former Pacific leader she has been accused of offending, despite her limited memory of the exchange. I said 'I don't agree with the words that were reflected in the letter but if I have caused any concern, then I am very sorry about that, she told parliament. Related Articles Key quotes from Wentworth by-election Phelps kicks Libs into minority government Royal Adelaide Hospital struggling to clear patient backlog The government greatly values its relationship with Australia's Pacific neighbours, she added. He accepted my apology. (news.financializer.com). As reported in the news.

show: Hosted by Emily Chang, according to Bloomberg. More episodes and clips45 52'Bloomberg Technology' Full Show 10/19/2018 09 20Rep. Source the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Khanna Says EU 'Right to Be Forgotten' Unconstitutional03 11The Rise of Celebrity-Driven Voting02 52The Free Self-Driving Ride-Hailing Service The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.

bloomberg markets: Source Bloomberg More From Bloomberg Markets05 10Easy to Lose Money in This Market, Alvine Capital Says5 hours ago04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says7 hours ago02 54Quite Constructive on Energy Prices, Conning's Franklin Says7 hours ago06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, Markets7 hours ago All episodes and clips More From Futures In Focus01 41Oil Market Contending With 'Interesting Dynamics,' KKM's Deming Says02 14Oil Analyst Sees 'Corrective Activity' Despite U.S.-Saudi Tension02 12Oil Prices Rise With IEA's Cut to Demand Forecast00 57Strategist Sees Bears in Control of Oil and Energy Markets All episodes and clips Quick Take Explaining the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. He speaks with Bloomberg's Vonnie Quinn on Bloomberg Markets. Jim Yong Kim See all shows (news.financializer.com). As reported in the news.

business leaders: The Saudi event, known as Davos in the desert, has suffered an exodus of global business leaders, including the CEOs of JPMorgan Chase JPM and Uber, in the past week as questions have mounted over the fate of Khashoggi, a prominent critic of the Saudi government, according to CNN. The IMF said in a statement late Tuesday that Managing Director Christine Lagarde's trip to the Middle East for the conference next week is being deferred. The latest to drop out are the managing director of the International Monetary Fund and the heads of two major French banks. Business is boycotting Saudi Arabia's big conference. Read More BNP Paribas BNPQY France's largest bank by assets, said Wednesday that Chairman Jean Lemierre will no longer attend. Here's who's still going It's an abrupt change of position from Lagarde, who said as recently as Saturday that she still planned to speak at the event in Riyadh despite being horrified by reports about Khashoggi's disappearance. (news.financializer.com). As reported in the news.

ford: This will save me about 6.62 per month, according to The Toronto Star. Six bucks a month!Just to let Ford know, I have made a donation of 80.44 to the Toronto Environmental Alliance. Why Because of Doug Ford's cancellation of the cap-and-trade program. That is where the money in my pocket is going. We need to do something even if a number of politicians won't. Article Continued Below I hope others will donate their cap-and-trade money to an environmental organization of their choice. (news.financializer.com). As reported in the news.

consequences hours: Greg Sullivan reports on Bloomberg Daybreak Australia, according to Bloomberg. Source Bloomberg More From Bloomberg Daybreak Australia48 11'Bloomberg Daybreak Australia' Full Show 10/19/18 13 hours ago03 05China a Bargain 'Getting There,' Research Affiliates' Arnott Says14 hours ago04 15Trump Says Khashoggi Likely Dead, Warns of Severe' Consequences14 hours ago01 29U.S. Buyout Firms Grab Bigger Slice of Australia's Mortgage Market All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Separately, President Donald Trump plans to withdraw the U.S. from a 192-nation treaty that gives Chinese companies discounted shipping rates for small packages sent to American consumers. More episodes and clips05 10Easy to Lose Money in This Market, Alvine Capital Says04 39India's Sensex May Rise to 37,500, BNP's Eleswarapu Says02 54Quite Constructive on Energy Prices, Conning's Franklin Says06 07PwC's Crow Discusses Trade Disputes, Monetary Policies, the world with Bloomberg News More episodes and clips02 53China's Tech Giants Aren't Copycats Anymore02 33Taking From the Rich Might Not Help the Poor02 43It's Getting Harder to Spot a Deep Fake Video03 15Why Japan's Women Problem Is So Hard to Fix The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. Jim Yong Kim See all shows More episodes and clips24 05The David Rubenstein Show Christine Lagarde24 05The David Rubenstein Show Barry Diller48 11The David Rubenstein Show Jeff Bezos24 03The David Rubenstein Show Dr. (news.financializer.com). As reported in the news.