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

half: In the short run, therefore, the agreed sale of the pub and beer business Greene King to the Hong Kong property company CKA looks like good news, according to The Guardian. On closer inspection, it is a classic case of glass half empty, glass half full. Changing consumer habits and the availability of cheap supermarket offers has resulted in boarded-up and demolished boozers all over the country. On the glass half full side, the willingness of CKA to pay a hefty 50% premium on the Greene King share price to grab the company's portfolio of 2,700 pubs, restaurants and hotels suggests that overseas investors are looking through any Brexit disruption and envisage the economy bouncing back. From the glass half empty perspective, CKA is merely the latest in a string of overseas predators taking advantage of the weakness of sterling to pick up UK assets on the cheap. Given that consumer spending has surprised on the upside since the EU referendum, that's a reasonable assumption. (news.financializer.com). As reported in the news.

metals: We have effectively zeroed-out Iran's export of oil, Hook said, according to MSNBC. We have sanctioned Iran's export of petro-chemicals, industrial metals, precious metals. Speaking to reporters in New York on Tuesday, US special envoy for Iran Brian Hook assailed the Islamic Republic, demanding an end to its lethal assistance...to terrorist organizations, and running down a list of economy-ruining American sanctions currently imposed on the country. We have collapsed foreign direct investment. Iran is in a recession. We have seen significant asset flight leaving the country. (news.financializer.com). As reported in the news.

tribunal ruling: Beijing claims most of the South China Sea, including waters close to Philippine shores, and has ignored a 2016 international tribunal ruling that declared their assertion is without basis, according to The Japan Times. Duterte had earlier this month mentioned the trip, where he said he intended to finally discuss the ruling with Xi. While Duterte has embraced China and had largely set aside a once-tense standoff over the resource-rich waterway, a series of confrontations have stoked domestic discontent. ; Duterte heads to China on Aug. 28 and is due to return to the Philippines on Sept. 2, his spokesman, Salvador Panelo, told journalists on Tuesday. I have about two more years, plus months left in office . It's about time that we start talking, said Duterte at the time. The visit marks a turnaround for Duterte, who had revived once-icy diplomatic ties with Beijing after being elected in 2016 when he set aside the maritime ruling in favor of wooing Chinese aid, trade and investment. He also said he would press Beijing to conclude long-running talks with neighboring countries that also have claims to the disputed sea on rules for avoiding accidental clashes. (news.financializer.com). As reported in the news.

japanese clients: They make fluorinated polyimide, hydrogen fluoride and photoresist essential ingredients for the manufacture of the displays and semiconductors that go into every piece of modern consumer electronics, from Apple Inc. iPhones and Dell Technologies Inc. laptops to the full range of Samsung Electronics Co. devices. ; How did they become so indispensable And how did they manage to stay on top even after their Japanese clients ceded the chip and display markets to Taiwanese and South Korean rivals The answer lies in a series of well-timed investments decades ago, combined with a willingness to explore foreign markets and an unceasing refinement of manufacturing standards too exacting for anyone else to try and match, according to The Japan Times. JSR is an interesting case in that they became big in photoresists because they succeeded overseas first, said Damian Thong, an analyst at Macquarie Group Ltd. The most powerful weapon in Tokyo's campaign against its neighbor turned out to be a half dozen or so niche firms with names like JSR Corp., Shin-Etsu Chemical Co. and Tokyo Ohka Kogyo Co. And much of this success was because of the strategy of one man Mitsunobu Koshiba. Koshiba spearheaded the company's pivot into photoresists, a light-sensitive liquid used to imprint circuits as narrow as a few strands of DNA onto silicon wafers in a process called lithography. The JSR chairman's story shows just how hard it would be for a newcomer to fill the shoes of one of these suppliers. (news.financializer.com). As reported in the news.

june-quarter report: The batch of cannabis would be worth roughly C 2.5 million 1.9 million assuming a price of C 5 per gram, according to Market Watch. Sundial has not disclosed that a shipment has been returned; a spokeswoman for the company didn't return requests for comment. The attempted sale would be the equivalent of 10% of Sundial's SNDL, 0.10% total second-quarter cannabis sales of five metric tons. Sundial announced earnings Wednesday morning. People familiar with the matter say that party was Sundial, and Zenabis returned the cannabis because the pot was of poor quality and contained bits of rubber, among other issues. In its own June-quarter report the same morning, Canadian cannabis company Zenabis Global ZENA, 7.69% disclosed that it had returned a half ton of pot and terminated its agreement to buy weed from a third party that it did not name. (news.financializer.com). As reported in the news.

reform opening-up: Shenzhen will again become a pilot demonstration area, companies have said, according to Global Times China. The city was the first special economic zone established in China and a model for reform and opening-up. Shenzhen-based companies that are poised to benefit from the plan already operate in a wide range of businesses including finance, fintech, telecommunications, new energy, biomedical science and real estate. Companies based in the city drew a new wave of investment and their shares soared after the plan was announced. There will be development dividends for Shenzhen and the Greater Bay Area in the future, said BGI Group, which is a life science and genomics company based in Shenzhen, stcn reported on Tuesday. The shares of more than 30 Shenzhen-based companies rose by the daily 10 percent limit on Tuesday after an average increase of 5.6 percent on Monday. (news.financializer.com). As reported in the news.

value: The report showed an 8 percent increase in the value of domestic strategic M&A with 28 mega-deals and deal volume climbing 12 percent, according to Global Times China. Foreign inbound investments rose by 64 percent in volume but declined by 29 percent in value. Xinhua/Ren Pengfei Deal volumes of China's mergers and acquisitions M&A increased in most sectors, with high technology investments remaining in the number one position in volume terms, according to a PwC report released Monday. With outbound opportunities limited and the trade-war in play, China's renewed focus on its domestic economy drove an increase of domestic strategic M&A both in deals value and volume, said George Lu, PwC Chinese mainland and Hong Kong outbound deals leader. In addition, the consumer, technology and healthcare sectors appeared to be active. A number of large transactions and reorganizations in the industrial sector were seen in the past six months. (news.financializer.com). As reported in the news.

pence: In fact, we want them to thrive, Pence said during a speech at the Detroit Economic Club, according to CNN. For the United States to make a deal with China, Beijing needs to honor its commitments, beginning with the commitment China made in 1984 to respect the integrity of Hong Kong's laws through the Sino-British joint declaration, Pence said. We don't want China's markets to suffer. As the President said yesterday, it would be much harder for us to make a deal if something violent happens in Hong Kong. The protest movement, which began in June over a now-shelved extradition bill, has since expanded to include calls for greater democracy and government accountability. Aides got Trump to delay tariffs by telling President it could 'ruin Christmas' Pence's stern words come a day after the President pivoted away from an earlier stance of neutrality over what happens to demonstrators in Hong Kong. (news.financializer.com). As reported in the news.

ocean lover: Ms Buckley was forced to flee for help last Friday morning when a man shot into their campervan near Raglan, southwest of Auckland, killing Mr McKinnon, according to Nine News Australia. Bianca is an avid surfer and ocean lover and our hearts are breaking for her, Lynne Hunt said on the Givealittle fundraising page. To improve your experience update it here News National Kiwi surfers support Aust victim's fiancee By AAP5 20pm Aug 20, 2019Facebook Tweet Mail New Zealand's surfing community is raising money to support Bianca Buckley, the fiancee of murdered Australian surfer Sean McKinnon. Whilst we cannot take away her pain or loss, we are wanting her to know she is surrounded by so much love and support at this time and that we are here to help in any way we can. New Zealand police on Tuesday announced a pre-arranged gun buyback would be held in the Waikato region on Wednesday and Sunday. Ms Hunt said the money raised - 5,228 by Tuesday afternoon - from New Zealand's Ocean Family would go to Ms Buckley to support her travelling back to her home in Canada or whatever else she'd like to do with it. (news.financializer.com). As reported in the news.

renegotiation: Tusk responded Tuesday by accusing Johnson of seeking to reestablish a border between Ireland and Northern Ireland, according to The Guardian. The withdrawal agreement is not open for renegotiation and the backstop is not open for change, a European Union source told The Guardian. Johnson wrote to European Council President Donald Tusk on Monday asking Brussels remove the Irish backstop from the withdrawal agreement, something it has repeatedly refused to consider. Ireland's governing party, Fine Gael, also rejected Johnson's demands to remove the backstop, which is designed to avoid the emergence of border checks on the island of Ireland.A Downing Street spokesperson said Unless the Withdrawal Agreement is reopened and the backstop abolished there is no prospect of a deal. See the rest of the story at Business Insider zone text Join the conversation about this story fixed text 'Shark Tank' star Robert Herjavec explains what makes America great text See Also text A Trump trade deal with the UK has 'no chance' of passing if Brexit disrupts the Irish border, warns Nancy PelosiEU citizens will face checks for NHS treatment after a no-deal Brexit Speaker Bercow will 'fight with every bone in my body' to stop Boris Johnson from forcing through a no-deal Brexit e The exchange keeps the UK firmly on course for a no-deal Brexit in October. fixed fixed / / / text European officials in Dublin and Brussels have immediately rejected UK Prime Minister Boris Johnson's new demand to renegotiate Britain's exit deal, ahead of his meetings later this week with German Chancellor Angela Merkel and French President Emmanuel Macron. text Johnson wrote to the European Council's president, Donald Tusk, on Monday demanding that the European Union drop the Northern Ireland backstop from the Brexit agreement. (news.financializer.com). As reported in the news.

right direction: Nuke Mars, the Tesla and Space X founder tweeted at the weekend, according to Nine News Australia. It's a step in the right direction . He even changed his Twitter profile to display the slogan Nuke Mars . The 48-year-old's tweets revisit an idea he first floated in 2015 during an appearance on The Late Show with Stephen Colbert. To improve your experience update it here News Technology Elon Musk has called for nuclear weapons to be fired at Mars By Matt Dunn Senior Producer12 38pm Aug 20, entrepreneur Elon Musk has called for nuclear weapons to be fired at Mars as a first step to making it habitable for humans. First, you're going to have to live in transparent domes, but eventually, you can transform Mars into an Earth-like planet. There's a fast way and a slow way. You can warm it up, he told Colbert. (news.financializer.com). As reported in the news.

week i: The trade tensions are harming global investment, wages and economic growth, Phillip Lowe told a business event in Sydney this week, according to Nine News Australia. I do not have a clear idea of what strategy the US has, Dr Lowe said, according to Nine newspapers, citing sources who attended the meeting. To improve your experience update it here News NationalRBA chief sounds warning on US-China spat By AAP8 02am Aug 21, 2019Facebook Tweet Mail The trade war between the United States and China poses the single greatest threat to the global economy, the Reserve Bank governor has warned. Some people in the US say that it is time for Team West to muscle up against China and that is very worrying. Long term, it's imperative that somebody does this because our country cannot continue to pay China 500 billion because stupid people are running it, he told reporters at the White House on Tuesday. But US President Donald Trump says China has to be taken on, arguing that the short term impacts are irrelevant, even if it means a local recession. (news.financializer.com). As reported in the news.

chinese mainland: In total, 66 Shenzhen-based companies listed in the Chinese mainland achieved an average gain of 5.6 percent, while the benchmark Shanghai Index climbed 2.1 percent to close at 2,883.1 points, according to Global Times China. Shares of Shenzhen-based companies in the real estate, brokerage, telecommunications and new-energy industries posted solid gains, while state-owned companies based in the city led the rally. The announcement led to gains in the Chinese stock market, which has been weakened recently by the ongoing trade war with the US. The central government's plan was seen by observers as a move to upgrade the city and enable it to become one of the most advanced in the world. Utility Shenzhen Gas Corp, infrastructure specialist Shenzhen Airport Co, and port operator Shenzhen Yan Tian Port Holdings Co soared by the10 percent daily limit shortly after trading began. An employee at a Shenzhen-based fund told the Global Times on Monday that many people around him bought shares that reached the daily upward limit on Monday. Shares of brokerage firm Guosen Securities Co and First Capital Securities Co reached the 10 percent threshold during afternoon trading. (news.financializer.com). As reported in the news.

consumer market: It's become a cautionary tale of modern-day China, with the country increasingly willing to call out companies that want access to its lucrative consumer market, but don't toe the party line, according to The Japan Times. This is the most appalling kowtow to Peking, David Webb, a Hong Kong activist investor, wrote on his blog just hours after Chinese state broadcaster, CCTV, broke the news of Hogg's departure on Friday. But will it be enough Incoming CEO Augustus Tang has the delicate task of continuing to placate China, an increasingly important market for the 72-year-old airline, while also minimizing the fallout from staff, customers and investors as the unrest in its home base continues to seethe. ; Whether Tang a long-time lieutenant with Cathay's biggest investor, Swire Group succeeds or falters, Cathay's story is having repercussions beyond the carrier itself. Every substantial employer in Hong Kong, in both the public and private sectors, has employees who have participated in marches that have frequently gone beyond their approved spatial or time limits. But even with Hogg taking the fall, it's unclear whether China, which along with Hong Kong accounts for about half of Cathay's revenue, will be satisfied. Should all the CEOs resign After China's aviation watchdog slapped a string of demands on Cathay on Aug. 9, the company appeared to swing into action, with Swire chairman, Merlin Swire, flying into Beijing to meet with the authority three days later. (news.financializer.com). As reported in the news.

day fall: Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m, according to Market Watch. Eastern on Friday. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. See Fed not on red-alert after yield-curve inversion Many economists think the market most wants to hear a willingness from the Fed to do whatever it takes to combat any downturn. The Dow Jones Industrial Average DJIA, -0.66% saw the biggest one day fall this year on Wednesday, as longer-dated U.S. Treasury yields TMUBMUSD10Y, 2.40% fell briefly below short term yields, suggesting investors believe the first recession in a decade lies ahead. (news.financializer.com). As reported in the news.

friday: On Friday, the key market gauge advanced 13.16 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 9.04 points, or 0.61 percent, higher at 1,494.33 after rising 1.44 points Friday, according to The Japan Times. The market opened higher, backed by an advance of the U.S. equity market last Friday reflecting hopes for a de-escalation in U.S.-China trade tensions, brokers said. The Nikkei 225 average jumped 144.35 points, or 0.71 percent, to end at 20,563.16. White House economic adviser Larry Kudlow has said that U.S. and Chinese negotiators produced positive news in their ongoing trade talks. The Nikkei gained about 215 points soon after the opening. Also, concerns over a global recession receded somewhat as the Chinese and German governments are reportedly considering compiling economic stimulus measures, market sources said. (news.financializer.com). As reported in the news.

gr ie: In London the FTSE 100 rose 0.9 per cent, while markets in Germany, France and China also rose, according to The Independent. Donald Trump said on Sunday that America is doing very well with China, and talking! and also claimed that the US was poised for big growth once trade disagreements are resolved. Stocks had been hammered by fears of a deepening trade war between the US and China but comments made by Donald Trump over the weekend delivered some reason for cautious optimism. 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. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

hong: They have also called for Hong Kong to resume stability, which will help preserve the city's position as a global financial hub and its attraction to mainland investors, according to Global Times China. I have worked in Hong Kong for 10 years and feel I'm settled here. Some are even thinking of moving back to the mainland, which they said will offer a more stable living and working environment. But what happened recently is making me very apprehensive about Hong Kong's future and my own as well, a representative of a mainland-based financial institution in Hong Kong told the Global Times on Monday. Fu said that his company released a statement to condemn violence and support the government and local police. I've been discussing with my family whether to move back to the mainland for future development, the representative, who is surnamed Fu, said. (news.financializer.com). As reported in the news.

index: How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.66% rose 249.78 points, or 1%, to end at 26,135.79, while the S&P 500 index SPX, -0.79% added 34.97 points, or 1.2%, to close at 2,923.65, according to Market Watch. The Nasdaq Composite Index COMP, -0.68% advanced 106.82 points, or 1.4%, to finish at 8,002.81. Reports that Germany may also be considering stimulus measures underpinned gains for European stocks. The session marks a second straight day of sharp gains, after Friday when the Dow Jones Industrial Average rose 306.62 points, or 1.2%, the S&P 500 index added 41.08 points, or 1.4% and the Nasdaq Composite Index gained 129.38 points, or 1.7%. Monday's gains are the first consecutive 1% gains for the S&P 500 since Nov. 11, 2018, according to Dow Jones Market Data. Ltd. another 90-day reprieve during which it can continue to do business with American companies, without the granting of case-by-case licences that would otherwise be needed, after the Commerce Department added it to its entity list in May. Read Stock-market investors rattled by bond market's warning shot' here's what's next What's drove the market The Commerce Department said Monday that it has given Chinese telecom giant Huawei Technologies Co. (news.financializer.com). As reported in the news.

shop: I was his apprentice, according to The Guardian. There were three of us my older brother, me and my younger brother. He came to this country in 1959 and had his own butcher's shop in Manchester. I opened my business on 1 November 2001. My dad had tremendous ability I won't bring myself to say I'm on the same level, but maybe I'm halfway there. My father was very proud; parents like their children to follow in their footsteps. (news.financializer.com). As reported in the news.

ferdinand porsche: But the sale was marred by a confusing mix-up on the auction stage, according to Nine News Australia. Technically speaking, the Type 64 isn't really a Porsche because the company didn't yet exist when Ferdinand Porsche created the car in Nazi Germany. To improve your experience update it here News World Auction stuff up means 1930s Nazi Porsche fails to sell By 9News Staff2 11pm Aug 19, 2019Facebook Tweet MailA bulbous race car from the 1930s was expected to be the most expensive car with the Porsche name ever sold at auction. But its role as the ancestor of today's Porsche sports cars is clear, and it was expected to sell on Saturday for as much as 29 million US 20m . But the California auction, with bidding that went as high as 25 million, ended with the car remaining unsold. That figure, called the reserve price, was not reached. Auction sellers often have an undisclosed minimum price below which the car will not be sold. (news.financializer.com). As reported in the news.

timing: Every time stocks seem poised for a big drop, he says something to reverse the tide, according to Market Watch. He then follows through with more statements to extend the bounce. It is less well understood that he has an uncanny sense of stock market timing. I am politically agnostic. Having said that, even opponents of Trump with some objectivity ought to give him credit for his sense of market timing. My sole job is to help investors. (news.financializer.com). As reported in the news.

job losses: Ataer now has exclusive rights to look into British Steel in greater detail and plans to complete the purchase by the end of the year, according to The Independent. Toker Ozcan, head of the mining metallurgy group at Oyak, told the FT that the group's immediate focus will be to boost output. Ataer Holdings, the investment arm of Turkey's military pension fund Oyak, was unveiled on Friday as the preferred buyer for the steelmaker which collapsed in May. He declined to comment on the scale of possible job losses but said productivity at British Steel's main plant in Scunthorpe is very low compared with other European steel producers. 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.

sector activity: The decline in deal values was driven by steep falls in outbound and private equity PE deals, mitigated by some rise in domestic M&A, said the report by global consultancy firm PwC. Deal volumes actually increased in most sectors, indicating that there is still reasonable deal flow for smaller transactions, except for PE which fell sharply by 46 percent, it noted, according to Global Times China. Sector activity was fairly broadly spread, with high technology investments remaining in the No.1 position in volume terms, as China's big technology companies were active buyers in this sector, said Effie Yang, PwC China Deals North Private Equity Leader. Rebound is likely to occur in 2020, according to an industry report released on Monday. Although the fall-off of investment into the US has been in play for several years already, in the first half of 2019 there was a sharp decline in investment into Europe as well, with Asia the only destination region holding up at prior norms, Yang said. Domestic, strategic M&A may be the one relative bright spot with China focused on stimulating its domestic economy, the firm said. PwC forecast that if the current uncertainties do not clear, soft M&A activities will extend to the second half of 2019. (news.financializer.com). As reported in the news.

twitter share: Paid Program Money Post written by Franklin Tsung Founder and CEO of Black Crown Inc., the independent sponsor firm targeting value buyouts in select industries, according to The Independent. Share to facebook Share to twitter Share to linkedin Getty Independent beauty brands have taken the market by storm. Opinions expressed are those of the author. Armed with greater awareness of what goes into their daily beauty products, people now gravitate toward brands with premium product features and have a genuine thirst for brand exploration getting to know the authenticity primarily because smartphones have transformed customers into independent-thinking consumers. RVI in October 1985. How do investors and brands navigate this information age How do consumer brands stay meaningful in an era where information consumption is highly fragmented and brand equity can be watered down through the smartphone and social media experience Back To The Future Proctor and Gamble P&G paid 1.2 billion for Richardson-Vicks Inc. (news.financializer.com). As reported in the news.

withholding intermediary: A second meeting is in the works but has not yet taken place. ; AP is withholding the intermediary's name and details of the encounter with Cabello out of concern the person could suffer reprisals, according to The Japan Times. The official spoke on the condition of anonymity because they aren't authorized to discuss the talks, which are still preliminary. Diosdado Cabello, who is considered the most-powerful man in Venezuela after Maduro, met last month in Caracas with someone who is in close contact with the Trump administration, said the official. It's not clear whether the talks have Maduro's approval or not. But he's also been accused by U.S. officials of being behind massive corruption, drug trafficking and even death threats against a sitting U.S. senator. Cabello, 56, is a major power broker inside Venezuela, who has seen his influence in the government and security forces expand as Maduro's grip on power has weakened. (news.financializer.com). As reported in the news.