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

boris: The project is opposed by many Conservative party members and has been beset by questions over its escalating budget, with the prime minister, Boris Johnson, recently admitting he expected it to be north of 100bn . The HS2 review team and what they say Read more Shapps said he had told the review to just give us the facts really, genuinely what it would cost to complete this project, according to The Guardian. Then we will know and we will be in a much better position to make the decision to go or no go by the end of the year. The transport secretary, Grant Shapps, said on Wednesday that the government needed clear evidence before deciding whether to go ahead. News of the review, which sources said could be completed by early October before the Brexit deadline, was met with dismay by business groups, unions and northern leaders, who called on the government to commit to the full line between London, Birmingham, Manchester and Leeds as soon as possible. His deputy, Lord Berkeley, a railway expert and Labour peer, is a critic of the project who has repeatedly challenged the Department for Transport's DfT cost figures and warned that budgets were spiralling out of control. The review will be chaired by Douglas Oakervee, a retired engineer who briefly chaired HS2 Ltd and worked with Johnson when he was London mayor. (news.financializer.com). As reported in the news.

deal: The Daily Telegraph A major newspaper closely connected to Turkish President Recep Tayyip Erdo an has raised concerns over Oyak's deal to rescue British Steel from insolvency, according to The Guardian. Financial Times An IT outage at payments company TSYS has hit several of the UK's banks and building societies leaving their customers unable to make payments or access account information. The Times British technology start-ups have received a record 6.7 billion in new funding this year, shrugging off concerns over a no-deal Brexit. Financial Times Giuseppe Conte has resigned as Italy's prime minister, deepening the country's political crisis. The Daily Telegraph Sainsbury's fared better than its major rivals for the first time in two years, with the grocer having 15.4% of the market for the 12 weeks to August. Business and economics The Times US President Donald Trump confirmed on Tuesday that his administration was examining various tax reductions to boost economy. (news.financializer.com). As reported in the news.

continu: But Wednesday's new figures came as Reserve Bank governor Philip Lowe reportedly warned the trade war between the US and China poses the single greatest threat to the global economy, according to Nine News Australia. Federal employment department data showed job advertising on the internet rose for the first time in seven months, although demand in the nation's biggest state, NSW, continued to nose-dive. To improve your experience update it here News National Pick-up in worker demand apart from NSWBy AAP3 11pm Aug 21, demand for workers and a signal of improved Australian economic activity later this year have provided some encouraging signs at a time of a deteriorating global economy. Job ads overall rose 0.4 per cent in July, but remained 5.5 per cent lower over the year. However, the once powerhouse of the labour market, NSW, job ads fell by 0.8 per cent to be 11.7 per cent down on a year earlier. The latest data is encouraging, suggesting that the economy is starting to shed the pre-election weakness, Commonwealth Securities chief economist Craig James said. (news.financializer.com). As reported in the news.

post offices: Japan Post said the problem will take until October to fix. ; The actions of Japan Post, which sells Aflac policies at post offices nationwide, resulted in customers becoming temporarily uninsured and or being double charged for a one-year period that ended in May this year, the sources said, according to The Japan Times. Japan Post halted sales of its own and third-party life insurance products after admitting in July to conducting inappropriate sales of around 183,000 policies and leaving customers at a disadvantage over the past five years. As the debacle expands, the problems are being blamed on the postal and financial behemoth's failure to update its customer data management system, the sources said. It continues to sell Aflac's cancer insurance products, however, treating them as an exception. It signed a business partnership with Japan Post Holdings in 2013 and agreed last December to receive direct investment from Japan Post to expand their cooperation. Aflac has long been a leader in cancer insurance in Japan. (news.financializer.com). As reported in the news.

photo ic: Seoul-Tokyo ties are falling into cold politics, freezing economics, according to Global Times China. The China-US trade disputes are also having a negative influence on Northeast Asia. Photo IC The ninth meeting of foreign ministers of China, Japan and South Korea kicked off in Beijing Wednesday to discuss the future trilateral cooperation and exchange views on international and regional affairs. Therefore, China-South Korea-Japan trilateral cooperation is facing unprecedented difficulties and challenges. Twenty years ago, to jointly deal with crises, leaders of China, South Korea, Japan and Association of Southeast Asian Nations ASEAN institutionalized the ASEAN Plus Three cooperation framework. As this year's chair for China-Japan-South Korea trilateral cooperation, China should seek fresh areas of, and approaches to, cooperation, which can help ease regional tensions and promote regional economic developments. (news.financializer.com). As reported in the news.

news: Will the likes of Manchester United's Paul Pogba, Arsenal's Mesut Ozil and Tottenham duo Christian Eriksen and Serge Aurier remain at their clubs beyond the current deadline The future of Neymar meanwhile remains completely up in the air, with Spanish giants Barcelona and Real Madrid both reportedly keen on the Paris Saint-Germain striker, according to The Independent. Follow all of the latest news below 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. There is still a lot of news from around the Premier League, too. You can form your own view. Subscribe now Transfer news Kroenke promises Arsenal to be 'proactive' in January window Pulisic rejected United move to join Chelsea Coutinho joins Bayern on loan from Barcelona Show latest update 2019-08-21T06 32 03.090Z Good morning and welcome to our live coverage of today's transfer news and rumours. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

securities regulator: Beijing Gao Hua Securities holds the remaining 67 percent of the joint venture, which was launched in 2004, according to Global Times China. The CSRC received the securities JV's application materials on Monday, Chinese news site cnstock reported on Wednesday. A Goldman Sachs spokesperson confirmed to the Global Times on Wednesday that we have submitted an application to the China Securities and Regulatory Commission CSRC to increase our ownership of Goldman Sachs Gao Hua Securities Co from 33 to 51 percent. The securities regulator has yet to publicly comment on the application. As part of the guidelines for foreign investment in Chinese securities firms, which were released by the CSRC in April 2018, the cap on foreign shareholdings was raised to 51 percent from previous 49 percent. The move attests to the fact that China is honoring its promise to further open up its financial sector, a critical part of the nation's opening-up at large, Wu Jinduo, head of fixed income at the research institute of Great Wall Securities, told the Global Times on Wednesday. (news.financializer.com). As reported in the news.

state level: For example, the European Union EU has put considerable financial resources into a host of projects, according to The Independent. In the US, the most notable project is Next Flex, which is helping to advance manufacturing capabilities for flexible hybrid electronics. Source SI2 Technologies Related CONTENTNext Flex Announces 2019 Fellow Award Winners Next Flex Announces 2019 Fellow Award Winners Flexible Electronics in Healthcare New Opportunities in the Automotive Industry Next Flex Launches 10.5 Million Funding Round ; David Savastano, worldwide are partnering with industry and academia to boost research into the field of printed and flexible electronics. On the state level, there is not much in terms of programs to develop flexible electronics. The M2I2 was launched by the administration of Gov. The most effective program is being offered by the Commonwealth of Massachusetts, which launched the Massachusetts Manufacturing Innovation Initiative M2I2 providing it with more than 100 million in funding. (news.financializer.com). As reported in the news.

extinction rebellion: Without action, the industry could account for a quarter of the world's carbon budget by 2050, according to The Guardian. The issue is soaring up the agenda, with models on the catwalk at London fashion week next month set on a collision course with campaigners from Extinction Rebellion who want the event scrapped in the face of the climate emergency. The deal to be concluded in Biarritz at the weekend comes as the global fashion industry faces an unprecedented backlash from young people concerned that it is contributing more to climate change than the aeronautical and shipping industries combined. Growing numbers of young people are turning away from fast fashion towards reuse and resale sites such as Depop in the UK, Thredup and The Real Real in the US and YCloset in China. Facebook Twitter Pinterest Primark, renowned for its cheap, fast fashion, is experimenting with clothing recycling bins at its new store in Birmingham. The secondhand market is expected to overtake fast fashion in the next few years and be 50% bigger than it by 2028, according to a report by market analysts Global Data for Thredup. (news.financializer.com). As reported in the news.

market: Soy Protein Market Insights 2018, is a professional and in-depth study on the current state of the global Soy Protein industry with a focus on the Global market, according to MSNBC. The report provides key statistics on the market status of the Soy Protein manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Soy Protein Market report provides detail Market Statistics, including Product types, Top Manufacturers, Market CAGR Status and favorable factors that are expected to drive the Growth rate of the Soy Protein Market with SWOT Analysis. Overall, the report provides an in-depth insight of 2018-2023 global and Chinese Soy Protein market covering all important parameters. Market players are analyzed with respect to their weaknesses as well as plus points. Download and Get Sample PDF File of Soy Protein Industry Protein Market Summary Key factors of this Soy Protein market report give an in-depth analysis of the development trends which elaborates of the product type, product application, and market trend. (news.financializer.com). As reported in the news.

news reporter: It is unlikely that the Security Council will act against Iran in response to US demands, according to MSNBC. President Trump said, Iran wants to negotiate. Also, George is a professional journalist, a freelance news reporter and writer who is passionate with current world news. same As var mi version '7.7.1'; var mi track user true; var mi no track reason ''; var disable Str / Function to detect opted out users / function ga Tracker IsOpted Out return ' true' -1; / Disable tracking if the opt-out cookie exists. / if ga Tracker IsOpted Out window disable Str true; / Opt-out function / function ga Tracker Optout document.cookie disable Str ' true; expires Thu, 31 Dec 2099 23 59 59 UTC; path /'; window disable Str true; if mi track user function i r .q i r .q ga Tracker 'create', 'UA-139339654-1', 'auto' ; ga Tracker 'set', 'forceSSL', true ; ga Tracker 'require', 'displayfeatures' ; else console.log ; function / / var noopfn function return null; ; var noopnullfn function return null; ; var Tracker function return null; ; var p Tracker.prototype; p.get noopfn; p.set noopfn; p.send noopfn; var ga Tracker function var len arguments.length; if len 0 return; var f arguments len-1 ; if typeof f ! 'object' f null typeof f.hit Callback ! 'function' console.log 'Not running function ga Tracker ' arguments 0 .... because you are not being tracked. mi no track reason ; return; try f.hit Callback ; catch ex ; ga Tracker.create function return new Tracker ; ; ga Tracker.get ByName noopnullfn; ga Tracker.get All function return ; ; ga Tracker.remove noopfn; window ' ga Tracker' ga Tracker; ; // // // // // .wpuf-sub-button a,ul.wpuf packs .wpuf-sub-button h3,ul.wpuf packs solid .wpuf-pricing-wrap .wpuf-pricing-wrap solid span, secondary .widget .post-content a,.entry-meta .wp-pagenavi-pagination span.current,.navigation .wp-pagenavi-pagination a hover,.woocommerce a.button,.woocommerce respond a.button,.woocommerce class navigation .navbar-nav .navbar-nav .navbar-nav .navbar-nav .sd-content ul li li padding 0 solid form margin 0 0 window.data Layer window.data Layer ; function gtag 'js', new Date ; gtag 'config', 'UA-139339654-1' ;Skip to main content Be A Contributor Be A Subscriber Login Toggle navigation News Home Gig Marketplace News Editor's of the Dow Fixed Consumer Fraud Pain Relief Numbing Cream, Gel & Kong Japan North East Iran Israel Saudi Arabia Syria North Rico South UsAfter Trying Several PR Services I Found CNArticle Submission Guidelines Advertising Get Paid to Report the News!CN Helped Us Increase Revenues by 50%Submit Artilces Publish Contact Search for United States Prevented Sale of 2.8 Million Barrels of Iranian Oil on Markets August 21, 2019August 21, 2019 George Mtimba Asia, China, Donald Trump, Featured News, Iran, Middle East, News Article, Politics, World Register to Follow Author Pompeo said, The time to limit Iran's ability to foment terrorist acts is narrowing. They just don't know what to do. Mike Pompeo has claimed that the White House sanctions on Iran's oil exports have prevented the sale of 2.8 million barrels of oil. They are proud people. (news.financializer.com). As reported in the news.

police handlers: She'd lost her friendships because she'd stopped turning up at events, instead socialising with criminals, in a move encouraged by her police handlers, according to Nine News Australia. She wanted to be the best human source that Victoria Police had ever had but Ms Gobbo - also known as Lawyer X - had come to realise the arrangement hadn't made her better off, after all . The commission in to police informers heard Ms Gobbo was struggling in her romantic relationship and the costs of paying her mortgage while the criminals she worked with were flaunting cash. To improve your experience update it here News National Lawyer X 'lonely on anniversary of stroke'By AAP6 37pm Aug 21, Nicola Gobbo - who enjoyed celebrating milestone occasions - was lonely on the anniversary of her stroke, a royal commission has heard. Following her 2004 stroke, Ms Gobbo reportedly felt lonely after only spending time with her police handler on its anniversary. He suggested Ms Gobbo didn't sign up over a guilty conscience for not preventing the execution-style murders of police informer Terence Hodson and his wife Christine. Her lawyer, Peter Collinson QC, told the inquiry on Wednesday that Ms Gobbo signed up to inform on her clients to do the right thing to put the Mokbel clan behind bars, and only received modest rewards. (news.financializer.com). As reported in the news.

sector: New data released by the Australian Prudential and Regulation Authority has backed up reports from the health insurance sector of an ongoing drop off in policy cover, according to Nine News Australia. As at June 30, 44 per cent of Australians had hospital cover but this was a decline of 0.3 percentage points from the previous year. To improve your experience update it here News National More people drop hospital cover amid rising premiums By AAP11 26am Aug 21, Australians are dumping their hospital private health insurance policies, including families and young people, as consumers continue to take stock of their spending. During the June quarter alone 28,539 people shed their hospital cover, led by 7,804 of those aged between 20 and 24 years and 6,338 families. AAP Earlier this week, health insurers NIB warned cost-conscious consumers are weighing up their cover against the backdrop of low economic and wages growth and premium costs rising faster than inflation. People are ditching private health cover as wages stagnate and living costs rise. (news.financializer.com). As reported in the news.

angela merkel: Mr Johnson had sent a letter to EU officials calling for the Irish border backstop to be removed from the Brexit withdrawal agreement but presented no alternative to the policy, 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. Brussels issued a damning dismissal of Mr Johnson's call to scrap the policy, while Angela Merkel said a practical solution would have to be found without reopening the withdrawal agreement negotiated by Theresa May. You can form your own view. Subscribe now Donald Tusk, the president of the European Council, effectively accused the prime minister of wanting to wind the clock back on the Northern Ireland peace process, as well as deception. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

business trip: The trade and investment officer at the consulate's Scottish Development International went missing after crossing the border into the Chinese city for a business trip, Hong Kong news outlet HK01 reported, citing an interview with his family and girlfriend, 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. Simon Cheng Man-kit, who works at the British Consulate-General, failed to return on 8 August after visiting neighbouring Shenzen the day before, according to local media. You can form your own view. Subscribe now We are extremely concerned by reports that a member of our team has been detained returning to Hong Kong from Shenzhen, a representative of the Foreign and Commonwealth Office said in a statement released by the British embassy in Beijing. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

document aug: Epstein signed the document Aug. 8, according to The Japan Times. Less than 48 hours later, he was found dead in his cell, prompting an investigation that has cast a harsh light on staffing shortages at the Manhattan detention center. Court papers filed last week in the U.S. Virgin Islands list no details of beneficiaries but valued the estate at more than 577 million, including more than 56 million in cash. ; The existence of the will, first reported by the New York Post, raised new questions about Epstein's final days inside the Metropolitan Correctional Center, where he was awaiting trial on federal sex trafficking and conspiracy charges. Prosecutors on Monday moved to dismiss the indictment against Epstein but have said they are considering charging others with facilitating his alleged abuse of dozens of girls. Several attorneys vowed to go after his assets even if the will had named beneficiaries, as Epstein's death means there will be no trial on the criminal charges against him. The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were sexually abused by Epstein when they were teenagers and recruited into his residences to provide him massages. (news.financializer.com). As reported in the news.

erik finman: We're going to finally bring crypto to the people in ways that Facebook Libra only wishes they could, he wrote in a Twitter post announcing the launch of Metal Pay, according to The Independent. This. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first all-in-one cryptocurrency payments app and will change the way people send and receive money. Is. Libra. The. (news.financializer.com). As reported in the news.

everyone: The entire world is roughly 225% leveraged to its economic output, according to Market Watch. Emerging markets are a bit less and advanced economies a little more. While some countries are more indebted than others, few are in good shape. But, regardless, everyone's real debt is likely much bigger, since the official totals miss a lot of unfunded liabilities and other obligations. It has a price, which like anything else can go up or down. Debt is an asset owned by the lender. (news.financializer.com). As reported in the news.

funds rate: Fed Chairman Jerome Powell called the July rate cut a mid-cycle adjustment, and it has bought the Fed precious little as markets sold off in the wake off more trade tensions and yields continued to plummet, according to Market Watch. And now the markets are demanding more a lot more. Everyone from the president on down is demanding interest-rate cuts, lots of them. A 50-basis-point cut to the federal funds rate appears to be the bare minimum investors are demanding for September. And what markets are currently pricing in is anything but a mid-cycle adjustment Bloomberg Caption outside of wrapper for normal article images That is nearly a 100-basis-point rate cut over the next year. Call it pricing it in, and the implication is clear The Fed can ill afford to disappoint. (news.financializer.com). As reported in the news.

inspection progress: Tesla's new factory in China is located in Shanghai's Lingang zone, which is a new area that was just added to the Shanghai Free Trade Zone on Tuesday, according to Global Times China. The new area encompasses 119.5 square kilometers. It has only been 10 months since the land grant contract for the factory was signed, which shows local authority's efforts to foster a better business environment in Shanghai, domestic news site thepaper.cn reported on Tuesday. The Lingang government on July 11 set up a special group to hasten the inspection progress of the Gigafactory's construction projects, in order to meet its target of finishing inspection when the construction is done, the report said. It has only been seven months since the workshop construction began, and the factory is expected to kick off production at the end of the year. Tesla updated on its official Weibo account on August 7, stating that the construction of its Shanghai factory was going smoothly. (news.financializer.com). As reported in the news.

company: The removal of 13 of the 20 most popular shows is problematic, and Disney has a weapon that Netflix doesn't have a bundle, according to MSNBC. While Netflix as a company will not vanish, I think that the stock won't be a good investment over the next NFLX has been a beast of a company and a beast of a stock since its IPO. This is the incredible return it has seen Data by YCharts Besides the 25,210% return, which would have turned 10,000 into 2.52M, you can also see that it has been a while since the stock has seen its all-time high. NFLX Includes AAPL, AMZN, DISby From Growth to Value From Growth to Value Long-term horizon, long only, dividend investing, growth at reasonable price Summary Both the company and the stock have been incredible up to now, and Reed Hastings is a visionary CEO. Netflix has a very dominant position in streaming, with a global market share of 71%. There is a high mountain of debt from a negative cash flow, and now, competitors come into the ring who are as deep-pocketed as Netflix. In this article, I will argue that the all-time high of Netflix, which it saw in June 2018 at 423 could be the peak for a very long time and why it could be cautious to sell your shares now. For me, Hastings is one of those few CEOs that will be looked back on with admiration for a very long time to come, in the league of Steve Jobs, Bill Gates, Jeff Bezos and other icons of capitalism. Netflix an incredible story Before we start, you should know that I have the highest esteem for both Netflix and its visionary CEO Reed Hastings. (news.financializer.com). As reported in the news.

critics reply: His critics reply that they're only stating the facts just like they did with Russiagate The word recession is inappropriate We're very far from a recession, Trump said on Tuesday, adding that his critics would love to see an economic downturn, according to MSNBC. Earlier, he tweeted a video clip of Fox Business host Lou Dobbs blaming radical Democrats for the recession Donald J. Trump real Donald Trump August 20, 2019He is not the only one to accuse the media of hyping an imminent disaster. His critics reply that they're only stating the facts just like they did with Russiagate morelive 08 20 GMT, Aug 22, 2019search Menu var slots 'usa banner' ; ; function e if ; ; HomeUSA News Russia, Racism Recession Trump says Democrats hope for economic bust to hurt him in 2020Published time 20 Aug, 2019 22 19 Edited time 21 Aug, 2019 09 28Get short URLThe New York Stock Exchange in this August 14, 2019 file photo REUTERS/Eduardo Munoz Follow RT onUS President Donald Trump is accusing Democrats and the media of trying to bring about a recession in order to hurt his 2020 re-election. Democrats are rooting for a recession, Fox News host Laura Ingraham tweeted out Tuesday, asking if the opposition is purposefully trying to undermine and divide America. MSNBC host Stephanie Ruhle denied she was wishing for a recession, calling such claims categorically false and arguing that she was just reporting forecasts & giving historical context. The liberal media is so deranged by President Donald Trump that they're now cheering for the economy to tank, his campaign manager Brad Parscale said, singling out MSNBC coverage. (news.financializer.com). As reported in the news.

forces treaty: Ground-launched versions of the missile had been removed from service decades ago, after the Intermediate-range Nuclear Forces treaty was signed by Ronald Reagan and Mikhail Gorbachev in 1987, according to The Guardian. The treaty's ban on missiles with ranges between 500km and 5,500km aimed to reduce the ability of both countries to launch a nuclear strike at short notice. The ground-launched missile, a version of the nuclear-capable Tomahawk cruise missile, hit its target after over 500 kilometres of flight during Monday's test, the Pentagon said in a statement. Russian Deputy Foreign Minister Sergei Ryabkov condemned the latest US missile launch, but said Moscow was not looking to start a new arms race, and would not deploy any new missiles unless the US did first. We will not succumb to provocations, the TASS news agency quoted him saying. All this elicits regret, the United States has obviously taken the course of escalating military tensions. (news.financializer.com). As reported in the news.

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.