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

energy efficiency: Since that time, Australia's population has grown by over 3 million and our GDP has grown by over 400bn, according to The Guardian. Renewable energy generation on the other hand has more than doubled, and significant increases in energy efficiency along with uptake of rooftop solar have resulted in falling energy consumption. Since Tony Abbott scrapped the carbon price in 2014, wholesale electricity prices have doubled while sequential Coalition prime ministers have proposed emission intensity schemes EIS clean energy targets CET national energy guarantees Neg and then settled on renaming Abbott's direct action scheme to the climate solution fund CFS . The climate change election where do the parties stand on the environment Read more The last new coal fired power station to connect to the national energy grid was Queensland's Kogan Creek in 2007, and in Western Australia they built their last steamer in 2010. Renewable energy is key to Australia's economic growth. While our regulators and transmission grid still have some catching up to do, there is no doubt that an abundance of low cost energy is good news for Australian households and industry if our politicians can cope with the change. The massive rollout of solar panels and wind turbines is so significant that now, in states like South Australia, the wholesale electricity price is sometimes negative. (news.financializer.com). As reported in the news.

bitcoin: What's going on Bullish experts say the strong showing could signal that bitcoin has a future as a worthy investment opportunity, according to CNN. But the currency's volatile and controversial history has prompted plenty of skepticism. It tapered off slightly by mid-afternoon, but is still trading at its highest level in nearly a year. Bitcoin has typically been regarded as risky, said Dan Held, co-founder of Interchange, a company that advises businesses on how to manage their crypto assets. After all, the currency skyrocketed in value Monday when the Dow plunged 617 points, perhaps suggesting that investors turned to bitcoin as a safe haven asset. But he said the currency's resurgence might be the first inkling that it holds weight as a risk off trade an investment treated as a safer bet when markets are tumultuous, like bonds or gold. (news.financializer.com). As reported in the news.

director: The analysis sounded semi-credible because he had been the telephony giant's finance director, according to The Guardian. The shares enjoyed a rare good day. Defying the sceptics, he came out fighting the following month and declared the distribution to shareholders to be affordable. Six months later, Read has returned to his calculator and the divi is being slashed, or rebased in the silly corporate-speak, by 40%. What's changed Nothing solid. Rather, Vodafone's boardroom has been infected by caution about debt. The company hit its operational and cashflow targets for the year and the grumble about prices in the German 5G spectrum auction is a distraction; aggressive bidding for capacity is par for the course in the mobile game. (news.financializer.com). As reported in the news.

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newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook You never really know, right ' Trump on the trade war with China By ANNA PALMER, JAKE SHERMAN and DANIEL LIPPMAN 05/14/2019 06 01 AM EDTPresented by President Donald Trump listens to a question during a meeting with Hungarian Prime Minister Viktor Orb n in the Oval Office on Monday, May 13. Sign up for POLITICO Playbook today. Evan Vucci/AP Photo DRIVING THE DAYMARKETS LOOKING UP Global Selloff Pauses as European Stocks Post Gains European stocks climbed on Tuesday after a downbeat session in Asia, as investors awaited a resolution to the U.S.-China trade negotiations following the recent escalation in tensions. Germany's DAX rose 5% and the U.K. FTSE 100 gained around 0.6%. In Asia the Hong Kong Hang Seng Index dropped 1.7%, Japan's Nikkei fell 0.7% and Korea's Kospi gained 0.1%. U.S. futures pointed to opening gains of 0.5% for both the S&P 500 and the Dow Jones Industrial Average, after the two indexes on Monday each shed 2.4%, their steepest one-day losses since Jan. 3. The Stoxx Europe 600 was up 0.6% in opening trading. (news.financializer.com). As reported in the news.

ride-sharing service: The lack of positive excitement for the biggest listing of a US technology company since Facebook in 2012 suggests investors are becoming choosier, according to Global Times China. Even the IPO price set on Thursday was a disappointment compared to some expectations. The ride-sharing service's shares opened below the initial public offering price - valuing the company at around 70 billion, based on outstanding shares, soon after they started trading on Friday. At 45 per share, it valued Uber at around 75 billion, or more than 82 billion counting dilution from outstanding options and such. The firm lost approximately 1 billion in the first quarter. Like many other recent tech IPOs - but unlike Facebook, which was profitable - Uber relies on investors' belief that it will one day grow enough to escape its current ocean of red ink. (news.financializer.com). As reported in the news.

vehicle sales: Electric vehicle sales are rising fast, and battery installation is climbing largely thanks to China, where battery demand rose more than 175 percent in the first quarter. ; Before getting carried away with images of electric cars racing down roadways and crowding out gas guzzlers, there's a stark reality to consider Electric vehicles that appeal to swathes of consumers remain few and far between, and those on the road are still too expensive, according to The Japan Times. How, despite all the grand aspirations and investment, can this cost barrier persist One of the main culprits is battery technology. At one of the world's largest auto shows in Shanghai this year, several manufacturers boasted their snazzy concept cars and talked up imminent launches. Batteries comprise about half the cost of an electric car. In China, the average selling price for batteries at the end of last year was close to 180 per kilowatt hours, down 11 percent from a year earlier but still higher than experts and analysts' expectations. While batteries have gotten less expensive over the past few years, they're still not cheap enough to put the overall cost of a green car on par with a regular one. (news.financializer.com). As reported in the news.

trade deal: The sell-off accelerated on Monday after China announced plans for retaliatory tariffs. ; But the Chinese government's top diplomat said China and the United States have the ability and wisdom to reach a trade deal that is good for both, according to The Japan Times. U.S. President Donald Trump said he was optimistic about resolving the trade dispute. Fear the United States and China are spiraling into a fiercer, more protracted trade dispute that could derail the global economy has rattled investors in recent weeks. Those signals were enough for now to provide respite to battered markets. And having tumbled more than 2 percent on Monday, U.S. stock futures suggested Wall Street shares were headed for a stronger open . The trade war is driving markets at the moment, said Rory McPherson, head of investment strategy at Psigma Investment Management in London. European shares rebounded from two-month lows with London Frankfurt and Paris 0.5 percent to 1 percent higher. (news.financializer.com). As reported in the news.

years reading: However, some people have always been skeptical about the positive performance of the Chinese economy, according to Global Times China. For instance, a so-called internal investigation surfaced at the end of last year saying that after deducting the price factor, China's actual economic growth rate was negative in 2018. Overall, economic development generally maintained steady progress. So, what is the true picture of the Chinese economy during the period in question Some gauges of the real economy could be used to measure whether the strong economic start this year has the support of the real economy. It was the first time in two years the reading rose above 50, the mark that separates industrial expansion from contraction. First of all, China's purchasing managers' index PMI - a gauge of the manufacturing sector - came in at 50.5 in March, up from 49.2 in February. (news.financializer.com). As reported in the news.

wage growth: However, annual wage growth slowed to 3.2 per cent in the three months to March compared to 3.5 per cent a month earlier, the Office for National Statistics ONS said, according to The Independent. Pay rises are outstripping rising prices, on average, with inflation at 1.9 per cent. The number of people out of work but unable to find a job dropped by 65,000 in the year, taking unemployment to 3.8 per cent a new 44-year low. However, the gap is narrowing. You can form your own view. 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. (news.financializer.com). As reported in the news.

trade: It's doesn't seem such a positive story, according to Nine News Australia. But it can also be easily explained by just two words trade war. To improve your experience update it here News National Low dollar, falling stockmarket What the US-China trade war means for Australia By Ross Greenwood Finance Editor2 19pm May 14, 2019Facebook Tweet Mail The Australian dollar at three-year lows; our stockmarket falling fast. The problem is that Australia's result in the peace might be worse than the current situation. AP/AAP That's because the trade war is all about the negotiation between the world's two super-powers, the United States and China. US President Donald Trump and Chinese President Xi Jinping are both talking tough when it comes to trade between their countries. (news.financializer.com). As reported in the news.

spring festivals: He has seen his famous maroon and white colours carried to victory in nearly 100 Grade One races and last season alone he had over 159 winners in Ireland from nearly 1,000 runners, according to The Guardian. In Britain, O'Leary's runners are generally restricted to the major spring festivals but he has still enjoyed immense success, most famously only last month, when Tiger Roll became the first horse since Red Rum in 1974 to win the Grand National two years in a row. O'Leary has invested incalculable sums over the 17 years since Tuco I, trained by David Wachman, gave him his first significant success in a Grade Three hurdle at Naas in February 2002. He has also won the Cheltenham Gold Cup twice among a total of 27 winners at the Festival. Quick guide Greg Wood's tips for Wednesday Show Hide York 1.50 Fujaira Prince 2.25 Reputation 3.00 Yafta nap 3.35 Sand Share nb 4.05 The Night Watch 4.35 Bomb Proof 5.05 Past Master Yarmouth 2.00 Lincoln Red 2.35 Archer's Dream 3.10 Birch Grove 3.45 Rail Dancer 4.15 Majestic Moon 4.45 Cape Cyclone 5.15 Diva Star Newton Abbot 2.10 Casa Tall 2.45 Triple Chief 3.20 Jot'em Down 3.55 Igor 4.25 Hold Me Tight 4.55 Southfield Vic 5.30 Perfect Percy Bath 5.25 Dalness Express 5.55 Powerful Dream 6.25 Major Blue 6.55 Pacificadora 7.25 Champs De Reves 7.55 Top Rock Talula 8.25 Lippy Lady Perth 6.05 Skiddaw Valleys 6.35 Little Stevie 7.05 Lady Samback 7.35 The Boola Bee 8.05 Shanroe Al C 8.35 Mr Mercurial 9.05 Angel's Envy Was this helpful Thank you for your feedback. O'Leary's slow but steady departure from National Hunt racing over the next five years will be felt at every level of the sport, and most immediately in the market for jumping bloodstock before the new season in the autumn, where one of the biggest hitters in history will suddenly be missing. (news.financializer.com). As reported in the news.

tech: More tariffs could be a 'gut punch' to U.S. tech not just iPhones, according to MSNBC. More tariffs could be a 'gut punch' to U.S. tech Apple employee with an iPhone during the opening of the Apple Carnegie Library store in Washington on May Trump places additional tariffs on 325 billion in goods, it would be a gut punch to American consumers, say trade More tariffs could be a 'gut punch' to U.S. tech not just iPhones. (news.financializer.com). As reported in the news.

trade war: The slightly more optimistic comments came after both sides ramped up their trade war, with China announcing details of new tariffs against US imports on Monday, following the United States' move last week to target Chinese imports, according to Nine News Australia. The US Trade Representative's office said it planned to hold a public hearing next month on the possibility of imposing duties of up to 25 per cent on a further US300 billion worth of imports from China. To improve your experience update it here News World China and US agree to keep talking trade By AAP7 11pm May 14, and the United States have agreed to keep talking about their trade dispute, the Chinese government says, as US President Donald Trump said he thought recent discussions in Beijing would be successful. Mobile phones and laptops would be included in that list but pharmaceuticals would be excluded, the office said. My understanding is that China and the United States have agreed to continue pursuing relevant discussions. The prospect of the global economy being derailed by the United States and China sliding into a fiercer, more protracted dispute has rattled investors and led to a sharp sell-off on equities markets in the past week. (news.financializer.com). As reported in the news.

washington dc: The Amazon billionaire's plans to build a road to space for our children were outlined in Washington DC last week as he outlined his vision for aerospace manufacturer and spaceflight services firm Blue Origin, according to Nine News Australia. Bezos talked of giant orbital structures that will be able to house self-sustaining colonies and presented stunning artists' impressions of what life might be like living and working under the stars. To improve your experience update it here News World Jeff Bezos' Blue Origin space colonies plan for humans to live and work among the stars By CNN3 40pm May 14, 2019Facebook Tweet Mail The plan of the world's richest man to transport humans from Earth to the moon and house them in space colonies around the galaxy may seem light years away but for the first time people have been offered a glimpse of how Jeff Bezos sees our future. The world's richest man, Jeff Bezos, has released artists' rendition images of his Blue Origin plan to send humanity to the moon and space colonies around the galaxy in the future. The idea is of manufactured worlds, rotates to create artificial gravity with centrifugal force. Blue Origin These picturesque landscapes detailing wildlife, waterfalls, mountains and new-age architecture have been produced using the research of physicist Gerard O'Neill. (news.financializer.com). As reported in the news.

carlos ghosn: News of the talks comes as Nissan was set to report on Tuesday its lowest annual operating profit in a decade, hurt by slumping U.S. sales, aging models and a product cycle that's out of sync, according to The Japan Times. The merger proposal came after the most tumultuous few months in the companies' two-decade partnership, which was shaken by the shock arrest of the alliance's chief architect and former chairman, Carlos Ghosn. Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made an informal proposal to Nissan Chief Executive Officer Hiroto Saikawa in April, the source said, asking not to be identified because the discussions aren't public. ; Nissan rebuffed the idea then and has continued to oppose it, the source said. Nissan declined to comment on the discussions. A merger under a holding company won't help solve Nissan's current operational issues, such as high fixed-costs, unprofitable models and flawed Datsun and Infiniti brand strategies, the source said, adding that a new structure will cause delays in addressing these issues because of logistical and regulatory hurdles. Representatives for Renault didn't immediately respond to requests for comment. (news.financializer.com). As reported in the news.

change schedule: This change to the Misuse of Drugs Regulations 2001 was partly a response to a rapid evidence review by the chief medical officer, which concluded that some medicinal cannabis products were effective for some medical conditions, and partly due to formal advice from the government's Advisory Council on the Misuse of Drugs to change the schedule, according to The Independent. Perhaps a more powerful driver of the rescheduling was a well-organised publicity campaign discussing the treatment of sick children that was compelling, emotional and difficult to challenge. Medicinal cannabis products were moved from schedule 1, meaning they have no medicinal value, to schedule 2, which allowed doctors to prescribe them under certain circumstances. The campaign used confrontational tactics, had large financial backing and privileged access to national media and senior politicians. Meet the nuns who rake in 850k a year growing and selling cannabis Show all 7 Created with Sketch. But did the wave of public support lead to unrealistic expectations about accessing medicinal cannabis Created with Sketch. (news.financializer.com). As reported in the news.

china: The size of the Chinese economy was 13.6 trillion in 2018, while that of India's was around 2.8 trillion, according to Global Times China. If India wants to narrow the gap with China in the size of its economy, its annual economic growth must be several times the Chinese growth rate. Regardless of whether it is provocative for some Western media to bring up the topic, it is true that in terms of economic development, the gap between China and India has widened, which is mainly determined by the growth momentum of the two economies. That's very unlikely for India, considering China's still relatively fast growth pace. Since the Modi government has changed the statistical methodology and the base year for calculating GDP, there has always been skepticism surrounding the new growth statistics. Moreover, while Indian GDP growth rates reached 6.7 percent and above over the past five years from 2014 to 2018, statistical reasons may have affected the data. (news.financializer.com). As reported in the news.

china: Factual comparison of the economic situations of China and the US reveals the following growth under the Trump administration is extremely slow by US historical standards, while China's economy is growing twice as fast as the US and has greater resilience than the US, and China's methods of macroeconomic control are much stronger than those of the US. These relative situations are confirmed by both the latest economic data and long-term economic trends, according to Global Times China. To accurately analyze US economic dynamics it is necessary to remove false claims made by the US administration. But, in very serious matters, there is no virtue in exaggeration -- there is only virtue in realism. President Trump has repeatedly claimed that America's economy is booming like never before, but when this claim was made to delegates at the UN General Assembly, the Washington Post noted that people actually laughed. Facts show that under President Trump, the US is currently experiencing the slowest economic growth of any presidency since World War II. Using the method by which the US presents data, peak growth under Trump of 4.2 percent in the second quarter of 2018 was significantly lower than the 5.1 percent under Obama, 7.0 percent under George W Bush, or 7.5 percent under Clinton. Such skepticism was justified. (news.financializer.com). As reported in the news.

consumer unease: Photo AFP China's shoppers remained active in the first quarter of 2019, with a measure of consumer sentiment standing near a record high of 115, a two-point increase from the fourth quarter of 2018, a report showed, according to Global Times China. Experts noted that steady consumption, while pushing for a supply side upgrade, bodes well for the steady growth of China's economy. Malaysia on Wednesday began implementation of a 6 percent consumption tax aimed at plugging a leaky tax-collection system and addressing a widening fiscal deficit, but the move has sparked consumer unease. According to the report, released by global performance management company Nielsen on Friday, the Consumer Trend Index CTI has three components -- job prospects, willingness to spend and personal financial conditions, all of which improved significantly from the prior quarter. Willingness to spend increased three points to 61, and personal finance was up three points to 70. Job prospects increased five points to 79 points. (news.financializer.com). As reported in the news.

customers: Rumours circulated on community Whats App groups in London claiming that Metro Bank was trying to take ownership of customers' possessions, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Hundreds of Metro Bank customers queued outside some west London branches over the weekend, prompted by Whats App messages advising people to withdraw money from accounts and safety deposit boxes. You can form your own view. Subscribe now Panic began to spread as photos were posted on Twitter showing customers queueing to access their accounts. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

dow jones: The Dow Jones Industrial Average DJIA, 0.82% posted its worst week since March, according to Market Watch. This week isn't starting off any better. While Friday's session delivered a nice little breather from all the selling, the Nasdaq Composite COMP, 1.14% and S&P 500 SPX, 0.80% still closed with their worst weekly decline of the year. Yet, despite some pretty wicked pullbacks over the past few sessions, volatility is still historically VIX, 0.17% low and sentiment indicators are showing that investors remain unfazed. The indicators in past weeks have been warning that the stock market would remain highly volatile because investors, who historically are wrong, were overly optimistic, writes Brad Lamensdorf, the man behind the Advisor Shares Ranger Equity Bear ETF HDGE, -1.20% Sure enough, confirming the market's vulnerability, Trump's China tariffs triggered this past week's retreat. For the Wall Street pros who tend to look through a contrarian lens, there's more red ink to be spilled. (news.financializer.com). As reported in the news.

keyup listener: Photo Business Wire Multimedia Gallery URLMoreBRYN MAWR, Pa.-- BUSINESS WIRE --In conjunction with Infrastructure Week, Aqua highlights life-improving projects taking place in the communities it serves Aqua America Inc, according to The Independent. WTR is recognizing the seventh annual Infrastructure Week, May 13-20, 2019, helping raise awareness of the critical state of infrastructure across the United States. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && America Plans Over 555 Million in Capital Investment in 2019if window.performance window.performance.mark && && Wire May 13, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && plans to invest more than 555 million in 2019 to improve its water and wastewater systems. A leading contributor to water and wastewater infrastructure repair and replacement, Aqua plans to invest more than 555 million this year across the eight states where the company operates to improve systems. View the full release here one of the largest water and wastewater utilities in the country, Aqua is committed to thoughtful and continuous investment in the infrastructure that delivers water and wastewater service to our customers safely and reliably, said Aqua Chairman and CEO Christopher Franklin. This press release features multimedia. (news.financializer.com). As reported in the news.

climate change: The resolution is thought to represent the strongest level of support for a climate-related resolution at a major publicly listed company, according to The Guardian. Under the Climate Action 100 resolution, BP will have to provide a detailed strategy on how it will comply with the Paris agreement, the global deal reached in 2015 on climate change that aims to limit global warming to only 1.5 C above pre-industrial levels. Investors holding just under a tenth of all BP shares, equivalent to more than 10bn in value at Monday's prices, put their names to the shareholder resolution, to be voted on at the company's annual meeting next week, the Climate Action 100 investor group revealed on Tuesday. Seven of the top 20 BP shareholders co-filed the resolution, including the UK's biggest asset manager, Legal & General Investment Management, as well as Aviva Investors and M&G Investments. Steve Waygood, chief responsible investment officer at Aviva Investors, described the resolution as only the first step in tackling the climate emergency. Other major investors who signed up to the resolution included Royal London Asset Management, Schroders, UBS Asset Management, Jupiter Asset Management and the pension funds of the churches of England, Scotland and Wales. (news.financializer.com). As reported in the news.

dyck: Onex's friendly deal to buy West Jet Airlines is valued at 5 billion, including assumed debt, according to The Toronto Star. Darryl Dyck / THE CANADIAN PRESS file photo The price represents about a 67 per cent premium to the shares, which closed Friday at 18.52 roughly the same price it reached the year of its initial public offering. Under the agreement announced Monday, Onex will pay 31 per share for West Jet, which will operate as a privately held company after two decades on the Toronto Stock Exchange. The stock closed up nearly 60 per cent or 11.09 at 29.61 on Monday. Tawfiq Popatia, a managing director at Toronto-based Onex, expressed confidence in the airline's trajectory, which has seen it evolve from a low-cost regional carrier to a full-service international airline targeting higher-yield business passengers. The two companies said the deal, worth about 5 billion including debt, will be subject to a shareholder vote, likely in July, and close in the second half of 2019 or early 2020. (news.financializer.com). As reported in the news.

commission money: Andrew Matthews, 38, exploited the bank's introducer scheme, using it to funnel commission money to himself and a friend between 2012 and 2016, according to Nine News Australia. He was ordered to serve eight months behind bars, plus an additional 28-month suspended sentence, by the Victorian County Court today. To improve your experience update it banker jailed for 640k fraud By AAP5 47pm May 13, 2019Facebook Tweet MailA former Victorian banker who defrauded NAB of more than 640,000 and bought a Ferrari using the loot has been jailed. AAP 2019Continue USSend your photos, videos and stories to 9News News How to know when a job requires a handyman or a trades person - domain.au set Timeout function if !window. PLISTA publickey item banker jailed for 640k ; function var 2000 ; Top Stories'Devoted father' from Sydney killed in Alaska plane crashan hour ago Aussies could get rare glimpse of Aurora Australis this weekUPDATEMan 'who threatened police with knife' shot at train stationan hour agoA CURRENT AFFAIRFooty star's wife cancels anti-vax seminars34 minutes ago PLISTA window. (news.financializer.com). As reported in the news.

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financializer news

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