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

app economy: Today, the academy has opened the application process to new students and is keen to see UK students among the new entrants, according to The Independent. Applications should come from students with a keen interest in careers in the app economy. Apple, responsible for the first gold rush of apps after the App Store arrived for the iPhone, has a Developer Academy in Naples, part of the city's University of Federico II. It's been open since 2016 and the current intake of students come from 30 countries, including the UK. Since it opened its doors, almost 1,000 students have been trained there. Apple says there's a strong emphasis on collaboration in the course, which includes extensive hands-on experience. 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.

cfcb ic: The New York Times reported Monday that investigators would recommend a season-long ban from the Champions League but Leterme's recommendation has not been made public, according to The Independent. City, who has strenuously denied any financial wrongdoing, has criticized the investigatory process saying it is disappointed, but regrettably not surprised, by the sudden announcement of the referral to be made by the CFCB IC Chief Investigator Yves Leterme. Investigators from European football's governing body met Thursday and UEFA confirmed Chief Investigator Yves Leterme had submitted his recommendation. The leaks to media over the last week are indicative of the process that has been overseen by Mr. Read More Manchester City is entirely confident of a positive outcome when the matter is considered by an independent judicial body. Leterme, added the statement. (news.financializer.com). As reported in the news.

men: In an interview with MSNBC's Ari Melber, Booker called on men to lead on the issue of abortion with women, because this is an assault on human rights, according to MSNBC. It's important for men to lead on this issue with women because this is an assault on human rights, Booker said Wednesday. Cory Booker slams a new Alabama law that effectively bans abortion and calls on Trump Attorney General Bill Barr to resign and lays out his gun control agenda. This is an assault on a basic fundamental ideal that you can control your own body. All men we need to lead on this issue with women and demand that people get off the sidelines, he said. And we know from Alabama's 'Letters From A Birmingham Jail' by Martin Luther King very pointedly that injustice anywhere is a threat to justice everywhere. (news.financializer.com). As reported in the news.

chinese counterparts: What is the potential of China-Turkey economic cooperation How does Turkey evaluate the transparency and debt sustainability of overseas Chinese projects Global Times GT reporters Xie Wenting and Bai Yunyi talked with Turkish Minister of Transport and Infrastructure Mehmet Cahit Turhan Turhan in an exclusive interview, according to Global Times China. What were the new agreements and cooperative projects between China and Turkey during the 2nd Belt and Road Forum for International Cooperation Turhan We have communicated with our Chinese counterparts on important cooperative projects in transport, telecommunication, energy and other areas. As the relationship between Turkey and the US has become increasingly tense since 2018, the Turkish government has stepped up efforts to cooperate with China. We have discussed projects including the subsea tunnel in Istanbul, intercity transportation and subway projects in cities. But I can't reveal more before signing the framework agreement. A number of Chinese companies have shown keen interest in them. (news.financializer.com). As reported in the news.

employee benefit: American journalism is suffering from truth decay' the media have become more biased over the last 30 years, RAND study says U.S. news has shifted to opinion-based content that appeals to emotion; newspapers have shifted less than TV has, according to Market Watch. Here are some surprising truths about living in Hawaii Living in Hawaii is a dream for many people here's what it's really like. Don't miss these top stories Personal Finance Soon more borrowers will be able to use vacation days to pay off student-loan debt It's an added twist to an increasingly popular employee benefit. SAT adds adversity score' amid concerns that privileged students have an unfair advantage The measure will be based on a variety of indicators about their neighborhood, family and high school environments. Want a cozier night's sleep The absolute best bed sheets for under 50 Experts tell us about the best bed sheets for people on a serious budget. Half of Americans are just one paycheck away from financial disaster Many consumers would turn to dangerous fallback options in order to make ends meet. (news.financializer.com). As reported in the news.

indexes fare: How did the major indexes fare The Dow Jones Industrial Average DJIA, -0.38% rallied 214.66 points, or 0.8%, to 25,862.68, and the S&P 500 index SPX, -0.58% climbed 25.36 points, or 0.9%, to 2,876.32, according to Market Watch. The Nasdaq Composite Index COMP, -1.04% rose 75.90 points, or 1%, to 7,898.05. Meanwhile, economic data on the U.S. labor and housing markets came in better than expected, offsetting worries over trade. Read The woman who nailed the 2018 stock-market volatility blowup has kicked off an actively managed ETF What drove the market Global equities have proven resilient after the Trump administration fired a fresh salvo in a trade spat with China late Wednesday, issuing an executive order that bans telecom equipment from countries considered foreign adversaries. Additionally, the Commerce Department said that it would add Huawei to a list of entities that engage in activities contrary to U.S. national security and/or foreign policy interests, which could greatly restrict its purchases of crucial American-made chips. The move appeared to target Huawei, which has been under pressure from the White House for months. (news.financializer.com). As reported in the news.

investment strategist: While we can all breathe a sigh of relief that we're not going to see trade wars on multiple fronts, the battle has merely been postponed, said Craig Erlam, senior market analyst at OANDA. Onto our call of the day, from Michael Arone, the chief investment strategist for State Street Global Advisors, according to Market Watch. He tells investors to keep a close eye on the dollar, as strength in that currency could prove a setback for one asset class that's been popular in 2019. Investors have brushed off news that the Trump administration looks set to ban telecom equipment by Huawei Technologies, the Chinese tech company that's been at the heart of U.S. security worries see buzz . The shift to optimism seems to have started with Wednesday's news the White House will delay auto tariffs for Europe and Japan. This year...we've seen 14 billion come into emerging-market ETFs, largely being driven on this idea that with the Fed on hold, the pace of interest rate acceleration will slow and the dollar is likely to decline, said Arone, in an interview with Market Watch. Trade tensions have been stressing emerging-market equities and currencies, as of late, with some concerned collateral damage from a trade war that could hit China's economy. A weaker dollar can help steer investors toward higher yielding, though potentially riskier, emerging markets, while the reverse can be in the case of a stronger dollar, which also makes it tough for those countries to service dollar-denominated debt. (news.financializer.com). As reported in the news.

jay: Inslee is pitching a 9 trillion climate action plan that he touts as an economic renaissance and scientific necessity, according to The Independent. Ted S. Warren Facebook Twitter SMS Email Print Save Democratic Presidential candidate Washington Gov. Jay Inslee listens as he takes part in a non-partisan panel discussion titled Foreign Affairs and National Security in the Age of Climate Change hosted by the University of Washington Jackson School and the American Security Project on the UW campus in Seattle. Jay Inslee speaks during an event at the Blue Plains Advanced Wastewater Treatment Plant in Washington, Thursday, May 16, 2019, during an event where he unveiled part of his plan to defeat climate change. Jay Inslee, right, talks with Ryu Suzuki, left, as he tours the Blue Plains Advanced Wastewater Treatment Plant in Washington, Thursday, May 16, 2019, during an event where he unveiled part of his plan to defeat climate change. Susan Walsh Facebook Twitter SMS Email Print Save Democratic Presidential candidate Washington Gov. (news.financializer.com). As reported in the news.

china risks: President Xi Jinping of China risks being backed into a corner in the trade war with the United Asfouri/Agence France-Presse Getty Images Supported by By Chris Buckley and Keith Bradsher May 16, 2019 , according to Xinhua China. Now angry rhetoric could complicate efforts to return to negotiations. (news.financializer.com). As reported in the news.

lender: A Metro Bank spokeswoman confirmed the lender had closed its share placing early on Thursday evening, less than three hours after it started, according to The Guardian. The fundraising was increased from the 350m originally sought due to the interest from investors, the spokeswoman added. The bank hopes the move will quash rumours about its financial health that led to customers withdrawing cash last weekend. Shares jumped 22% when markets opened on Friday to 646p. It was a steep discount to the 22 a share investors would have paid before the bank revealed a major accounting mistake in January. The challenger bank offered shares at a price of 5 each, 14% below the stock's closing price on Wednesday. (news.financializer.com). As reported in the news.

loans: Darren and Joanne from Brisbane have spent months paying off thousands of dollars of pay-day loans incurred by their 25-year-old son, according to Nine News Australia. It just keeps going up further and further, and they just keep hounding for more and more money, they told A Current Affair. To improve your experience update it offers driving Aussies into billions of dollars of debt By Mimi Becker Reporter7 38pm May 16, 2019Facebook Tweet Mail The need for quick cash is seeing Australians fall billions of dollars in debt. Darren and Joanne are paying of thousands of dollars. Cashn Go kiosks have been installed in shopping centres across New South Wales. A Current Affair Lenders are now trying new tactics to entice customers. (news.financializer.com). As reported in the news.

opportunity commentary: Ros Atkins, host of the BBC news show Outside Source, decided to change that three years ago, according to MSNBC. His change is called 50 50. Photo by Richard Shotwell/Invision/AP May 16, 2019 Tom Jones Category Newsletters Equal opportunity commentary For years actually, forever news organizations have typically turned to men when looking for commentators on a news story. That means having as many women on air as men. Washington Post media columnist Margaret Sullivan also wrote about Atkins' idea and how it is spreading to other shows on the BBC as well as at least 20 other media companies such as MSNBC, Fortune magazine, Australia's ABC and the Financial Times. Poynter's Al Tompkins wrote about it back in December and it's still gaining traction. (news.financializer.com). As reported in the news.

pinterest: Facebook Twitter Pinterest RBS said it had made changes to its controls, according to The Guardian. Photograph Philip Toscano/PA The commission's penalty adds to the 1.3bn in fines imposed by the UK Financial Conduct Authority in 2014 over the same case. The European commission said the banks, which also include Citigroup, JP Morgan and MUFG Mitsubishi UFJ Financial Group formed two cartels to manipulate the spot foreign exchange market for 11 currencies, including the US dollar, the euro and the pound. While the FCA's penalty focused on the lender's breach of regulations, the EU's fine deals with how their behaviour dampened competition. The banking industry has been hit with billions in fines worldwide over the last decade for rigging benchmarks used in many day-to-day financial transactions, and are now at risk of private lawsuits. These cartel decisions send a clear message that the commission will not tolerate collusive behaviour in any sector of the financial markets, the European competition commissioner, Margrethe Vestager, said in a statement. (news.financializer.com). As reported in the news.

northeast china: It has already invested 25 billion yuan in the city, according to Global Times China. The company plans to build a world-class cultural plaza, which will contain facilities including a sports park, holiday hotel clusters and a cultural tourism city. Dalian Wanda announced plans on Wednesday to invest the money in Shenyang, capital of Northeast China's Liaoning Province. Wanda also plans to build an international hospital, an international school and five Wanda commercial plazas, according to a statement on the company's website on Wednesday. Dalian Wanda has been taking some time to 'slim down' to cut its debt level. According to the statement, Wanda has been investing in Shenyang for 18 years and had made a profit on each project there. (news.financializer.com). As reported in the news.

shizuoka prefecture: About 38,000 properties, including share houses, where bathrooms, kitchens and other facilities are used in common by tenants, were subject to the probe, according to The Japan Times. The lawyer's team concluded that about 60 percent of the combined balance of the loans, worth 1.8 trillion, is suspected to be fraudulent. In an attempt to restore trust among investors and clients following revelations last year of a spate of financing scandals, the regional lender also said it will form a business tie-up with Tokyo-based Shinsei Bank in the field of personal loans, among other services. ; The bank based in Shizuoka Prefecture asked an outside lawyer in October to conduct full-fledged investigations into its loans provided for the purchase of investment real estate after it admitted to falsifying documents to smooth the process of examining customers' repayment abilities. I sincerely apologize that so many cases of wrongdoing have been found, Suruga Bank President Michio Arikuni said at a news conference in the city of Numazu. Suruga Bank is expected to consider capital alliances with the two partners, aiming to overhaul its business model that has heavily relied on loans for real estate investment. In addition to Shinsei Bank, the regional bank has decided to form a business alliance with electronics retailer Nojima Corp., seeking to jointly carry out credit card services. (news.financializer.com). As reported in the news.

telecommunications equipment: On Wednesday, it rose 121.33 points. ; The Topix index of all first-section issues fell 6.60 points, or 0.43 percent, to end at 1,537.55, after a 9.17-point jump the previous day, according to The Japan Times. The market opened lower as a sense of caution spread after U.S. President Donald Trump signed on Wednesday an executive order forbidding U.S. companies from using telecommunications equipment made by foreign companies deemed national security threats. The 225-issue Nikkei stock average finished down 125.58 points, or 0.59 percent, at 21,062.98. The order apparently targets Chinese information technology giant Huawei Technologies Co., brokers said. In the afternoon, the market struggled for direction. But stocks displayed some resilience around the midmorning as investors moved to hunt bargains. (news.financializer.com). As reported in the news.

tokyo-based daiwa: The firms have traditionally focused on a face-to-face approach, which is costly to maintain at a time when retail business profitability is weakening. ; The fully owned unit, named Connect, will target young generations in addition to people who are starting to build wealth, Tokyo-based Daiwa said in a statement Wednesday, according to The Japan Times. It plans to allow clients to trade stocks in small lots and at the lowest fee in the industry, according to the release. Daiwa and larger rival Nomura Holdings Inc. face pressure to appeal to new investors as older clients pull money to spend on their retirement. We want to offer competitive services at competitive fee levels, Chief Executive Officer Seiji Nakata said in an interview. Until now, Daiwa had been hesitant to create a separate, low-fee online brokerage within the group because it was concerned that it would cannibalize its existing digital business, Nakata said. The group's main securities arm has digital services of its own, but its share in Japan's online retail market has been small. (news.financializer.com). As reported in the news.

trade imbalances: It has become increasingly clear that the US wants to exert extreme pressure on China with its own advantages in the economy, finance, science and technology, and its goal is not simply to resolve bilateral trade imbalances, but to contain China as its long-term strategic rival, according to Global Times China. The China-US trade conflict is part of the strategic competition between the two countries and a change in the long-term strategic environment that China must face. In response to the increased US tariffs on 200 billion worth of Chinese goods, China announced it would impose tariffs of between 5 percent and 25 percent on 60 billion worth of US goods starting June 1. There is no chance of a once and for all solution to the situation. In the economic and trade field, China will have to fight back against US unilateralism while remaining open to other countries. Against the background of the new US trade barriers and global competition, China needs to consider systematic countermeasures to US pressure from the perspective of overall economic and social development. (news.financializer.com). As reported in the news.

presentation: That came at the beginning of the presentation as Lindsey was trying to set the stage for his description of how the talks were playing out, according to CNN. The description was about two minutes of a 45-minute presentation and certainly turned some heads, one source said. In that analysis, Trump was rated as a 10-out-of-10 narcissist who doesn't have the capacity for long-term strategic ideals or goals, which Lindsey attributed to Trump's upbringing, the sources said. It's Trump vs. On Monday, China announced tariffs on 60 billion in US exports in retaliation for Trump's moves last week to hike existing tariffs imposed last year on Chinese goods -- and to start the process of adding duties to almost everything else China sends to the US. Trump also said on Monday that he will meet with Xi at the G20 summit next month. Xi in the China trade war -- and it's personal Tensions between the US and China are running high amid an escalating trade war between the two major world powers. (news.financializer.com). As reported in the news.

rebels: Rob Haubner and Susan Miller were murdered by Rwandan rebels in 1999, according to Nine News Australia. AAP A third suspect remains in US detention. To improve your experience update it here News National Accused Rwandan murderers sent to Australia as refugee swap deal reports By Nick Pearson1 29pm May 16, 2019Facebook Tweet Mail Two Rwandan men accused of murdering eight tourists in 1999 have reportedly been sent to Australia as part of the Coalition's refugee swap deal with the US. The pair were locked up in the US for the past 15 years, refusing to return to Rwanda where they are facing murder charges, according to reports in the US. But under the refugee swap deal negotiated with Malcolm Turnbull and Barack Obama, the two were sent to Australia in exchange for asylum seekers currently in offshore detention, Politico reports. The two are accused of butchering eight tourists with machetes and axes when the group were on a gorilla-watching tour. Eight of the tourists were murdered - two Americans, two New Zealanders and four Britons. The massacre over which the men are accused happened after Western tourists were taken on a forced march by Rwandan rebels. (news.financializer.com). As reported in the news.

rhetoric: Toning down his rhetoric, Trump is expected to give the European Union and Japan 180 days to agree to a deal that restricts the U.S.'s imports of autos and car parts, Bloomberg News reported Wednesday, according to The Guardian. The Commerce Department found that American innovation capacity was at risk; low research and development spending posed a national-security threat; and imports continue to displace American-owned production, according to the report, which cited people familiar with the matter. Good thing it could just turn out to be bluster. Whether or not there's a delay shouldn't obscure the Trump administration's flawed logic. Companies in the U.S. aren't notable laggards in comparison to their rivals in Europe and Japan on R&D. Meanwhile, the U.S. is still drawing plenty of investment. If that's the premise for potentially disrupting the world's vast auto supply chain, there's still cause for worry. (news.financializer.com). As reported in the news.

steel: The American artist's Rabbit, a stainless steel figure measuring around one-metre-tall, sold for more than US 91 million AUD 131.5 million last night at Christie's in New York, smashing auction estimates, according to Nine News Australia. The new record comes just six months after David Hockney's Portrait of an Artist Pool with Two Figures set a new benchmark for a living artist, when it sold for US 90.3 million AUD 130.5 million last November -- also at Christie's in New York. To improve your experience update it here News World Jeff Koons' 'Rabbit' sculpture smashes auction records after 131.5 million New York sale By CNN6 49pm May 16, 2019Facebook Tweet MailA playful rabbit sculpture by Jeff Koons has become the most expensive work by a living artist ever to sell at auction. A rabbit sculpture created by Jeff Koons has broken the record for the most expensive work by a living artist bought anywhere in the world. Christie's initially estimated that Koons' faceless Rabbit would sell for between US 50 and 70 million. AP/AAP The British painter's artwork had itself overtaken Koons' Balloon Dog Orange sculpture, the previous record-holder, which went for US 58.4 million AUS 84.2 million in 2013. (news.financializer.com). As reported in the news.

subpoenas: The use of imposing fines on people who are defying congressional subpoenas Well, that is a path, according to MSNBC. That would be inherent contempt. In the fight with the White House over the document requests, some of your members are frustrated has said that Congress should use inherent contempt powers specifically to fine individuals who are in defiance of subpoenas. The contempt civil contempt, criminal contempt, and inherent contempt. I am not saying that we are going down that path, I'm just saying it is not to be excluded. And if they fail to--to a path I'm not saying an intent but I'm saying again then I mentioned to Katie that this is one of the possibilities that is out there. (news.financializer.com). As reported in the news.

analysis extras: 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, according to The Independent. You can form your own view. From today, people who have previously broken Facebook's most serious policies will be prevented from using Facebook Live, a move that Facebook claims would have prevented the terrorist from broadcasting the attack on Facebook. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. Today we are tightening the rules that apply specifically to Live. Subscribe now Following the horrific terrorist attacks in New Zealand, we've been reviewing what more we can do to limit our services from being used to cause harm or spread hate, wrote Guy Rosen, Facebook's vice president of integrity, in a blog post announcing the new changes. (news.financializer.com). As reported in the news.

contribution scheme: After three years of service, workers' pension pots will receive an additional 4% of pay from the company, regardless of whether they pay into the scheme or not, according to The Independent. The latest cut to benefits at the staff-owned retail group, which is seen as offering the gold standard in employment terms, comes after John Lewis slashed its annual staff bonus to the lowest level in 66 years after profits dived. After the pension move from April next year, all 83,900 workers at the John Lewis Partnership, which also owns the Waitrose supermarket chain, will have access to a defined contribution scheme under which the company will match staff payments of up to 8% of pay. Until now John Lewis has been one of only a handful of UK businesses still offering a link to final salary in its pension scheme. It has been forced to close stores and lay off staff amid rising costs and a slowdown in consumer spending partly prompted by uncertainty linked to Brexit. The change comes after the group switched to the hybrid model four years ago in a previous effort to reduce costs. (news.financializer.com). As reported in the news.

defense ministers: Japan has been one of America's staunchest and most loyal allies, according to The Japan Times. Tokyo supports most of Washington's diplomatic efforts, provides generous host nation support for U.S. forces in Japan and consistently seeks ways to enhance the Japan-U.S. alliance, if at a cautious pace. This would be a miscalculation on the part of Tokyo. This trend manifested itself most recently at the two-plus-two talks between U.S. and Japanese foreign and defense ministers, who agreed to extend the bilateral alliance cooperation in the field of cyberspace. ; However, at the risk of stating the obvious, Japan's national interests do not coincide completely with those of the United States. That said, Japan has over the years quietly pursued foreign and security policy differentiation from the U.S. on the margins. Over the years, to maintain strong ties with its only ally, Tokyo has acted with considerable restraint to avoid any breaches with Washington. (news.financializer.com). As reported in the news.