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

mr katter: Mr Katter has presented legislation to parliament that would set up the Australian Reconstruction and Development Board, according to Nine News Australia. The proposal comes as much of the agricultural industry is struggling under high debt. To improve your experience update it here News NationalMP calls for new board for farming finance By AAP12 01pm Feb 18, central bank should have a third board that can help ensure the financial sustainability and development of agricultural operations, according to independent MP Bob Katter. AAP 2019Continue reading PoliticsCONTACT USSend your photos, videos and stories to 9News News So you've Kon Mari'ed your life here's how to throw your stuff out - domain.au set Timeout function if !window. PLISTA publickey item calls for new board for farming ; function var 2000 ; Top Stories Michael Jackson's former maid reveals Neverland Ranch secrets Fashion boss who drove into a house 'took Valium and drank wine'A CURRENT AFFAIR'The little ones say, 'we're going to kill you'BREAKINGGuard charged over 'sexual assault of inmates' PLISTA window. (news.financializer.com). As reported in the news.

parenting decisions: But this world keeps on turning, and the parenting present is never quite like the past, according to CNN. In his new book, The New Childhood Raising Kids to Thrive in a Connected World, Jordan Shapiro considers how this gap is playing out in our children's screen time. Not unlike algorithms, we rely on the past to inform our parenting decisions in the present. Many parents see themselves as dutiful, and at least occasionally wise, guides for their children. But when it comes to digital lives, many kids tend to be steering the ship on their own. We help them make good decisions at school, with friends and on the sports field. (news.financializer.com). As reported in the news.

parliament: The report Accuses Mark Zuckerberg, Facebook's co-founder and chief executive, of contempt for parliament in refusing three separate demands for him to give evidence, instead sending junior employees unable to answer the committee's questions, according to The Guardian. Warns British electoral law is unfit for purpose and vulnerable to interference by hostile foreign actors, including agents of the Russian government attempting to discredit democracy. Democracy is at risk from the malicious and relentless targeting of citizens with disinformation and personalised dark adverts' from unidentifiable sources, delivered through the major social media platforms we use every day, warned the committee's chairman, Damian Collins. Calls on the British government to establish an independent investigation into foreign influence, disinformation, funding, voter manipulation and the sharing of data in the 2014 Scottish independence referendum, the 2016 EU referendum and the 2017 general election. We need new independent regulation with a tough powers and sanctions regime to curb the worst excesses of surveillance capitalism and the forces trying to use technology to subvert our democracy. Labour moved quickly to endorse the committee's findings, with the party's deputy leader, Tom Watson, announcing Labour agrees with the committee's ultimate conclusion the era of self-regulation for tech companies must end immediately. (news.financializer.com). As reported in the news.

power companies: On Thursday, the Coalition government pulled its big stick legislation after the Greens moved an amendment, supported by the Independents and the ALP, to ban any taxpayer money going to coal, according to The Guardian. This exposes Scott Morrison's true motives he and his party love coal a whole lot more than they hate big power companies. This latest, in a string of energy policy failures, demonstrates the Liberal party's chronic inability to modernise our ageing, polluting and inefficient power system. This bill was never about reducing electricity prices; it was designed to firstly make the Morrison government look like it was doing something and secondly, to keep old coal clunkers like Liddell running for longer, no matter the cost. Both are bastardisations of recommendations made by the ACCC in July last year on how to lower electricity prices. Government cannot fund new coal plants without parliamentary approval, advice says Read more So where did the big stick come from The federal government started 2019 with two remaining energy policies - the Prohibiting Energy Market Misconduct bill and Underwriting New Generation Investments program. (news.financializer.com). As reported in the news.

ren zhengfei: But Ren Zhengfei, whose daughter Meng Wanzhou a fellow senior Huawei executive is among those charged by US prosecutors, told the BBC on Monday that the firm would survive the pressure, according to The Guardian. There's no way the US can crush us. Washington has warned allies off using Huawei products in recent weeks. The world cannot leave us because we are more advanced. His daughter was arrested in Vancouver in December at the request of the US and charged with bank and wire fraud to violate American sanctions against Iran. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit, Huawei's founder said. (news.financializer.com). As reported in the news.

british midland: Who was Flybmi It has a long history as the regional arm of British Midland, later BMI. When British Airways took over BMI in 2012, BA said it was uninterested in the regional operation, according to The Independent. BMI Regional, as it was initially known, was sold off to investors who oped to develop a flourishing carrier. These are the key questions and answers. 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 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial Like Flybmi, Ryanair was once a small, struggling regional airline, and through cutting costs and fares has grown into the giant of European budget aviation. Where did Flybmi actually fly From regional UK airports Aberdeen, Bristol, East Midlands and Newcastle to Continental and Scandinavian destinations including Brussels, Dusseldorf, Frankfurt, Hamburg, Munich, Oslo, Paris and Stavanger. But Flybmi's model involved charging premium fares for niche routes. (news.financializer.com). As reported in the news.

dow jones: Yes, the stock market is off to the best start of the year in more than three decades, according to Market Watch. Yes, the Dow Jones Industrial Average DJIA, 1.74% has rocketed more than 2,000 points since Jan. 1, and jumped another 360 points on Tuesday. Yet again. The Standard & Poor's 500 SPX, 1.09% has risen 10% so far this year and the Nasdaq Composite COMP, 0.61% 12%. Apple AAPL, -0.22% and Google GOOG, -0.72% have gained 8% each, Amazon AMZN, -0.91% 9%, Facebook FB, -0.88% 27% and Netflix NFLX, -0.61% 33%. And yes, those sitting on the sidelines in too much cash have missed a quick rally. So is that it If you're under-invested in stocks, should you be kicking yourself Not so fast. As money manager Josh Brown, CEO at Ritholtz Wealth Management, reminded investors again this week, if you miss the handful of best days on the stock market, you miss out on a huge chunk of the long-term returns. (news.financializer.com). As reported in the news.

increase returns: Such buybacks boost returns on equity, a measure closely watched by investors, and improve the per share value of stocks by reducing the number of outstanding shares, according to The Japan Times. The efforts to increase returns to shareholders also come as the government is stepping up its campaign to have firms strengthen governance. Planned share buybacks for fiscal 2018 as of Sunday came to 6.7 trillion, about 50 percent more than the previous year's total, according to I-N Information Systems Ltd. ; The total is about 260 billion more than the previous record set in fiscal 2015, the financial data firm said. Soft Bank Group Corp. announced plans Feb. 6 to buy back 600 billion worth of its own shares. On Feb. 8, Sony Corp. announced plans to acquire 100 billion worth of its shares. The measure comes as the company's shares are heavily undervalued, Chairman and Chief Executive Officer Masayoshi Son said. (news.financializer.com). As reported in the news.

estate industry: Liu Daoming, chairman of Myhome Group, told the forum that there are at least two decades ahead for the spring to continue in the property market, according to Global Times China. There will be much time needed for the process of urbanization and improvements in housing constructed prior to the 1990s, according to a report by yicai on Sunday. During the 2019 Yabuli China Entrepreneur Forum in Northeast China's Heilongjiang Province on Sunday, several entrepreneurs in the real estate industry expressed an upbeat attitude toward the huge growth scope for the Chinese property market in the long run. Yufeng Capital Chairman Feng Lun noted although the residential property is now showing a slowing growth pace due to lukewarm buyer demand under policy regulation, the non-residential sector has just begun to climb in large scale. China has made obvious achievements in stabilizing its home prices in the past two years, particularly in such first-tier cities as Beijing and Shanghai, through measures to crack down on speculation. We should keep a forward-looking mind, Feng was quoted as saying in the report. (news.financializer.com). As reported in the news.

faroe islands: The British government awarded a contract to ship in emergency supplies to a company with no ships, according to The Japan Times. It pledged to replace citizens' burgundy European passports with proudly British blue ones and gave the contract to a Franco-Dutch company. Many Britons feel they are living through both at the same time as their country navigates its way out of the European Union. It promised to forge trade deals with 73 countries by the end of March, but two years later has only a handful in place including one with the Faroe Islands . ; Pretty much everyone in the U.K. agrees that the Conservative government's handling of Brexit has been disastrous. With the U.K. due to leave the EU in six weeks and still no deal in sight on the terms of its departure, both supporters and opponents of Brexit are in a state of high anxiety. Unfortunately, that's about the only thing this divided nation can agree on. (news.financializer.com). As reported in the news.

kashmir region: New Delhi has accused Pakistan of having a hand in the bombing and vowed to punish Islamabad, which denies involvement. ; Prince Mohammed had also planned to visit Indonesia and Malaysia during the tour, but those trips have been postponed, according to Malaysian and Indonesian officials, according to The Japan Times. No reasons for the postponements or alternative tour dates were given. The trip comes days after a suicide bomber killed 44 Indian paramilitary police in the disputed Kashmir region. The tour is seen as a attempt by the crown prince to rebuild his reputation after the murder of Saudi critic and journalist Jamal Khashoggi, analysts say. He has denied being involved. Many in the West blamed Prince Mohammed for the killing, which triggered the kingdom's biggest political crisis for a generation. (news.financializer.com). As reported in the news.

pakistani people: The country, also a victim of terrorism, is expected to do what it can to provide support and assistance to India to enhance anti-terrorism cooperation, according to Global Times China. However, if the terror attack leads to political and economic isolation, ordinary Pakistani people will become the scapegoat of JeM. Poverty has more of a role in terrorism than some Indian experts may believe. China firmly opposes and strongly condemns all forms of terrorism. If foreign aid and investment can help Pakistan eliminate poverty, the growth environment for terrorism will be destroyed. Although the Chinese government has not confirmed the news, it is unlikely that China will change its supportive attitude on the China-Pakistan Economic Corridor CPEC . Under the China-proposed Belt and Road Initiative, investment from China has improved local infrastructure, resolved the country's chronic energy crisis, and made Pakistan a more attractive destination for foreign investment. China is promising about 3.5 billion to help bolster Pakistan's dwindling foreign cash reserves and pay for the country's socioeconomic development plans, the US-based Voice of America reported last week. (news.financializer.com). As reported in the news.

airlines: But the world's largest commercial plane never won over the group that really mattered - airlines, according to Nine News Australia. Airbus pulled the plug on its superjumbo program this week, announcing that it would deliver the final A380s to airlines such as Emirates by 2021. To improve your experience update it here News WorldA380 superjumbo Why the era of big passenger jets is over By CNN11 33am Feb 17, 2019Facebook Tweet Mail The double-decker A380 was loved by passengers, aviation enthusiasts and executives at Airbus. The decision by the European aviation group reflects a dramatic shift by airlines away from supersized aircraft in favor of smaller, more efficient planes that burn less fuel per passenger. Only six were delivered last year. The original jumbo aircraft the Boeing 747 is also on its way out. (news.financializer.com). As reported in the news.

brexit process: British Midland Regional Limited, which operates as Flybmi, said it's filing for administration because of higher fuel costs and uncertainty caused by Britain's upcoming departure from the European Union, according to Nine News Australia. Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe, the airline said on its website late Saturday. To improve your experience update it here News World British airline Flybmi collapses leaving hundreds stranded in Europe By Sarah Swain Associated Press11 49pm Feb 17, of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi. British Midland Regional Limited, which operates as Flybmi, said it's filing for administration because of higher fuel costs and uncertainty caused by Britain's upcoming departure from the European Union. The airline thanked workers for their dedication and said; it is with a heavy heart that we have made this unavoidable announcement. AAP It added All flights have been cancelled with immediate effect. (news.financializer.com). As reported in the news.

businesses: The pleasant surprise That growth is being fueled by women, according to The Guardian. Optimism turns into harsh reality for small businesses Read more The survey found that 38% of African American businesses are female-owned which is significantly higher than the 23% average among all other business owners. According to a recent survey of more than 2,700 small businesses conducted near the end of last year by small business financing company Guidant Financial and online credit marketplace Lending Club Corporation, African American businesses grew by more than 400% in 2018 as compared to 2017. I guess it's no surprise that, according to the survey, African American small businesses are not only growing their market share but opening up more health, beauty and fitness businesses than ever before. It takes confidence to open and maintain a small business and having a positive outlook will inevitably lead to increased growth and opportunity. It's exciting to see African American business owners increasingly confident about the state of business in today's current climate, said David Nilssen, CEO of Guidant Financial. (news.financializer.com). As reported in the news.

case murders: That is to say, the information doesn't necessarily fit into the narrative and you know it's never going to make sense in context to the subject matter but boy, it's a ripper of a yarn, according to Nine News Australia. Now, those salacious sidebars are fine if you're talking cold case murders and wicked intrigue with a dash of poisonous vitriol. To improve your experience update it here News National The Muppets' bizarre brush with Watergate By Liam Bartlett Presenter10 12pm Feb 17, are some moments in the course of filming a 60 Minutes story that don't always make sense. Heck, it goes with the territory. But when you're interviewing some of the most famous furry hands in the history of television, you really wouldn't ever contemplate a link between one of the world's biggest political scandals and a bunch of Muppets. You almost expect the certainty of hearing the odd off-the-record titbit that you can never reveal publicly. (news.financializer.com). As reported in the news.

survey: The pleasant surprise That growth is being fueled by women, according to The Independent. Optimism turns into harsh reality for small businesses Read more The survey found that 38% of African American businesses are female-owned which is significantly higher than the 23% average among all other business owners. According to a recent survey of more than 2,700 small businesses conducted near the end of last year by small business financing company Guidant Financial and online credit marketplace Lending Club Corporation, African American businesses grew by more than 400% in 2018 as compared to 2017. I guess it's no surprise that, according to the survey, African American small businesses are not only growing their market share but opening up more health, beauty and fitness businesses than ever before. It takes confidence to open and maintain a small business and having a positive outlook will inevitably lead to increased growth and opportunity. It's exciting to see African American business owners increasingly confident about the state of business in today's current climate, said David Nilssen, CEO of Guidant Financial. (news.financializer.com). As reported in the news.

parties: Last week, US President Donald Trump even suggested that he could extend the deadline if both parties are making good progress and are nearing a formal agreement, according to Global Times China. As the US and China both have the need to reach a deal, it is generally expected that both parties will make some compromises to avoid an escalation of trade disputes. With the slowdown seen in the economies of both countries and the world in general, the US and China have a sober understanding of the importance of reaching a trade deal, which is reflected by the increasing flexibility shown by both parties. In this situation, China will most likely significantly increase its imports from the US in the short term, while at the same time making substantial changes with regards to issues like market opening and technology transfer. Last year, against the background of the unprecedented trade war, the National Development and Reform Commission China's top economic planner, published a new version of the negative list for foreign investment. At present, there is much speculation about what compromises China may make or which industries the nation will open to more foreign investment. (news.financializer.com). As reported in the news.

price: It all starts with a control premium, according to Market Watch. When we purchase shares of a stock, we pay a price that is within pennies of the last trade. An old Wall Street adage comes to mind Price is what you pay, value is what you get. When a company is acquired, the purchase price is negotiated during long dinners at fine restaurants and comes with a control premium that is higher than the latest stock quotation. Both buyer and seller need to feel that they are getting a good deal. How much above Acquisitions have the elements of a zero sum game. (news.financializer.com). As reported in the news.

strike europe: Russia and the U.S. are the signatories to the 1987 INF treaty, which bans land-based missiles with a range between 500 and 5,500 kilometers 300 to 3,400 miles . U.S. President Donald Trump started the six-month withdrawal process this month, according to The Japan Times. The United States and its NATO allies want Russia to destroy its 9M729 nuclear-capable cruise missile system, which Washington says could allow Russia to strike Europe with almost no warning. Fearing a nuclear arms race between China, Russia and the United States after the collapse of the Intermediate-Range Nuclear Forces INF treaty, which the United States is withdrawing from, Merkel made her call for a global treaty. ; Disarmament is something that concerns us all, and we would of course be glad if such talks were held not just between the United States, Europe and Russia but also with China, Merkel told the Munich Security Conference. Merkel's suggestion of involving China in a negotiation is seen by European NATO diplomats as a potential way out of the impasse because a new treaty could address American concerns about a growing military threat from China and Russia. China develops its capabilities strictly according to its defensive needs and doesn't pose a threat to anybody else. But China's top diplomat, Yang Jiechi, who spoke on a panel in Munich, said that Chinese missiles are solely defensive. (news.financializer.com). As reported in the news.

washington post: He was my friend and companion for 11 years.A decade on, I am still not over losing Babe, according to The Independent. I haven't replaced the Little Guy, as my wife and I called him. Cohen helped start a fund called Pro Shares Pet Care ETF. Sarah L. Voisin/The Washington Post By Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow Reporter February 17One of the most difficult things I have done in life was putting to sleep my yellow Labrador retriever. He was irreplaceable. My wife, Polly, and I became part of the dog-based subculture in my old neighborhood, thanks to Babe. You pet owners out there understand. (news.financializer.com). As reported in the news.

plot: The encounter prompts Francis to give Havers a few unsolicited personal finance lessons, by explaining how her new Lloyds banking card means she has to write fewer cheques it's debatable whether the ad is dated more by the plot or the actors . Havers then explains he's already got one and flashes it to prove the point, according to The Guardian. Gold, Francis observes through grating gnashers. Francis's character has just bought a house from Havers and the ad has the pair bumping into each other at the supermarket checkout. To which Havers shoots back I did rather well out of the sale of the house. It is useful to have in mind as an analogy of how this industry works, as this week the banking sector's reporting season really gets going. This sums up the financial industry rather well, in that there are two parties, both impossibly smug, who delight in getting one over on each other financially. (news.financializer.com). As reported in the news.

cap: Haverford Trust Company who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the 83.70 billion market cap company, according to MSNBC. The stock increased 2.69% or 2.73 during the last trading session, reaching 104.24. The institutional investor held 737,592 shares of the consumer services company at the end of 2018Q3, valued at 84.69 million, up from 730,653 at the end of the previous reported quarter. About 4.67M shares traded. LOW has risen 6.94% since February 17, 2018 and is uptrending. Lowe's Companies, Inc. (news.financializer.com). As reported in the news.

government insiders: Government insiders said they knew of examples of officials usually dealing with schools and hospitals who were now redeployed to work on farming and fishing as a result of the scramble to prepare for all Brexit outcomes, including no deal, according to The Guardian. It's a real worry now that things are being held up and not happening, said one senior Whitehall source. Ministers' priority programmes have fallen victim to re-prioritisation according to internal government warnings seen by the Observer. We are really starting to see it as the Brexit process drags on and on. The government's plans for resolving the crisis in social care and a review of university finance are among the major policy proposals that are said to have been held up by Brexit, while many other areas have suffered due to the lack of parliamentary time and political instability. A memo to a senior minister, said In the context of ongoing cross-government re-prioritisation exercises, departments have not yet been able to resource the necessary cross-government team to deliver the work. (news.financializer.com). As reported in the news.

molecules: Taylor, Kaiser Health hype from reality in the longevity field is tougher than ever, as reputable scientists and pre-eminent institutions promote promising but unproven , according to MSNBC. Mice given molecules such as rapamycin live as much as 20 percent longer. (news.financializer.com). As reported in the news.

ron sexsmith: Ron Sexsmith, Joel Thomas Hynes and Kyp Harness are double threats as authors and songwriters, according to The Toronto Star. All three will read from their latest books and perform songs from their latest albums at a special one-night-only show to celebrate the release of Harness's self-titled 14th album and his second novel, The Abandoned. Watch this if You like mixing books and music. It's pay what you can. Deborah Dundas Article Continued Below Blown Away Watch this if You'd like to shatter your perception of TV competition shows. Monarch Tavern, 12 Clinton St., 8 p.m. (news.financializer.com). As reported in the news.