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

deals investments: Twitter TWTR, 0.30% CEO Jack Dorsey tweeted about his plans to move to Africa in 2020, saying he wants to live there for up to six months, according to Market Watch. Africa may be the last continent to undergo rapid economic development, but Dorsey nevertheless believes it has a lot of potential. Now get ready for Africa. Africa is an untapped market for digital-payment systems, and there is a pronounced first-mover advantage for Dorsey and especially for Square SQ, -1.61%, his mobile-payment company, as he scours the continent for lucrative deals and investments. In the tweet, he also said Africa would define bitcoin's BTCUSD, -0.85% future. This is precisely what he did during his last African tour, which started Nov. 8 and took him to Ghana, Ethiopia, Nigeria and South Africa. (news.financializer.com). As reported in the news.

gasoline trade: On a speck of land three miles wide and 12 miles deep, there are more than 60 cannabis dispensaries selling all manner of products from pot to THC sweets, according to The Independent. Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now Robert Tehonikonrathe, also known as Fisher, says his people have been wheeler-dealers for centuries. The biggest hub is the tiny Mohawk territory of Tyendinaga, about two hours east of Toronto. His son owns the Healing Shoppe/Pot Shoppe/Bear Medicine dispensary. Besides cannabis, the indigenous Mohawks also control a billion-dollar gasoline trade on the territory and also control much of Ontario's tobacco industry. We're the most capitalistic people in the world, he tells The Independent. (news.financializer.com). As reported in the news.

headlines download: Frankly though, panic is setting in, according to The Independent. But it doesn't have to. You had big hopes to be a bit more considered, a bit more budget savvy, a bit more green this year. With less than two weeks to go until the 25th, you can still save plenty of money, time and the environment this festive season. But those traditions also have to work for you and your budget. Here's how. 1 Assume nothing Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now Christmas is a time of tradition, of the reassuring, comforting repetition that makes us feel safe and sound. (news.financializer.com). As reported in the news.

insurance: Based on the reports, the FSA will announce punishments on the two firms aimed at preventing any recurrence of the wrongdoing and clarifying the responsibility of management, according to The Japan Times. The insurance sales irregularities by the two firms are seen to have placed policyholders at a disadvantage in some 183,000 contracts. On Friday, the FSA informed the Japan Post Holdings units of the results of its on-site inspections and urged them to report on the problem, according to sources familiar with the situation. ; Japan Post Insurance and Japan Post Co. are expected to release reports on their in-house investigations shortly. Insurance business law violations are suspected for 1,400 of them. Japan Post Insurance and Japan Post Co. have refrained from insurance marketing activities since the scandal broke. Some 26,000 policyholders are seeking refunds of overpaid insurance premiums or calling for other measures to be taken to address the disadvantage. (news.financializer.com). As reported in the news.

japanese culture: Zen in Japanese Culture, by Gavin Blair.208 pagesABBEVILLE PRESS, Nonfiction, according to The Japan Times. Gavin Blair thankfully plots a third path in his excellent book. Either they try to cash in on the latest zeitgeist, a quick fix for stressed Westerners looking for self-help with a veneer of the exotic Marie Kondo, ikigai reason for living et al. or they present superficial representations of otherness, thinly disguised Orientalism packaged as a coffee table book. Gorgeous photos of temples, gardens and arranged flowers are present, but are justly there to illustrate the point he is making about how the spirit of Zen has infused Japanese aesthetics throughout history. His approach avoids the pitfalls of cultural tourism and instead enlightens aspects of Japanese culture known only superficially by most. Blair's somber but sprightly prose perfectly matches the subject matter as he delves into calligraphy, origami and martial arts. (news.financializer.com). As reported in the news.

donald trump: Our family knew it was going to be tough, but we could never have imagined that it would turn into, that Donald Trump would be asking a foreign government to get involved in our elections, Jill Biden said to MSNBC's David Gura on Saturday, according to MSNBC. And I think it just proves he's afraid to run against my husband, Joe Biden. We knew it was going to be tough. You're A Damn Liar' Joe Biden Gets In Heated Exchange With Iowa Voter After His Age, Son Hunter Are Brought Up ; CHICAGO, IL NOVEMBER 06 U.S. Vice President Joe Biden and Dr. Obama won reelection against Republican candidate, former Massachusetts Governor Mitt Romney.. Photo by Chip Somodevilla/Getty Images The former second lady maintained her stepson's innocence despite accusations from the Trump campaign that Hunter used his father's position as vice president during the Obama administration to secure a six-figure salary position with a Ukrainian gas company. Jill Biden stand on stage after the victory speech by U.S. President Barack Obama on election night at McCormick Place November 6, 2012 in Chicago, Illinois. (news.financializer.com). As reported in the news.

sign: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Sign up for POLITICO Playbook today. Facebook Twitter Email Print POLITICO Playbook When Trump wins, he's nowhere to be found By ANNA PALMER and JAKE SHERMAN 12/14/2019 10 26 AM ESTPresented by President Donald Trump's behavior and ever changing impeachment strategy help solidify the impression of an erratic commander in chief. What's the common thread He had next to nothing to do with them. Evan Vucci/AP Photo DRIVING THE DAYLOOK AT PRESIDENT DONALD TRUMP'S last two successes USMCA and government funding. (news.financializer.com). As reported in the news.

friday days: US warns North Korea of consequences of missile test 'Christmas gift'Read more North Korea's Academy of Defence Science did not specify what had been tested on Friday, according to The Guardian. Days earlier, the North said it had conducted a very important test at the site, on the country's north-western coast, prompting speculation that it involved a new engine for either an ICBM or a space launch vehicle. The test may have included technologies to improve intercontinental ballistic missiles ICBMs which could potentially reach the continental US. The announcement, on Saturday, comes as North Korea continues to press the Trump administration for significant concessions as it approaches an end-of-year deadline set by its leader, Kim Jong-un, to salvage faltering nuclear negotiations. The announcement suggests that the country is preparing to do something to provoke the US if Washington does not back down and make concessions to ease sanctions and pressure on Pyongyang in deadlocked nuclear negotiations. The spokesman said the successful outcome of the latest test, in addition to one on 7 December, would be applied to further bolster up the reliable strategic nuclear deterrent of the Democratic People's Republic of Korea referring to North Korea's formal name. An unnamed spokesman for the academy said scientists received warm congratulations from members from the ruling Workers' Party of Korea central committee which attended the test, carried out between 10.41 pm and 10.48pm on Friday at the Sohae satellite launching ground, where the North has conducted satellite launches and liquid-fuel missile engine tests in recent years. (news.financializer.com). As reported in the news.

ngo: The views expressed in this commentary are his own, according to CNN. Read more opinion at CNN. Working with NGO Aarambh India's program on internet safety, he has conducted numerous workshops on misinformation and digital privacy across India. (news.financializer.com). As reported in the news.

observers: With the meeting already into extra time, draft documents presented overnight failed to achieve consensus, according to Nine News Australia. Observers and environmental groups warned that they risked undoing or stalling on commitments made in the 2015 Paris climate accord. To improve your experience update it here News WorldUN climate change talks in limbo as chair Chile bids for compromise By Associated Press3 22am Dec 15, officials presiding over this year's UN climate talks said they plan to propose a compromise to bridge yawning differences among countries that have been deadlocked on key issues for the past two weeks. Chilean officials presiding over this year's UN climate talks said they plan to propose a compromise to bridge yawning differences among countries that have been deadlocked on key issues for the past two weeks. It's impossible to have a consensus outcome if you don't compromise, he said. EPA Later Saturday local time Chilean diplomat Andr s Landerretche told reporters that a fresh compromise would be circulated Saturday afternoon, but insisted that there would have to be trade-offs if there was to be a deal supported by all countries. (news.financializer.com). As reported in the news.

premium app: And in comments apparently intended as a warning to the party not to select another leader in Mr Corbyn's mould, Mr Kinnock said his successor must embody patriotic values and restore Labour's credibility as a party of security . Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now His comments, to The Independent, came as potential candidates for the leadership began jockeying for position, with declarations expected to take place over the coming week, according to The Independent. Shadow Brexit secretary Sir Keir Starmer and shadow foreign secretary Emily Thornberry, as well as women and equalities spokesperson Dawn Butler, are thought to have leadership bids prepared, while shadow education secretary Angela Rayner and shadow business secretary Rebecca Long-Bailey were understood to be in discussions over the weekend about whether one or both should stand. As Boris Johnson was returned to Downing Street on Friday with the greatest Tory majority since Margaret Thatcher's 1987 landslide, the former Labour leader warned party members not to seek excuses or alibis in an attempt to explain the crushing defeat. Shadow justice secretary Richard Burgon is believed to have his eye on the deputy leader's post, and is ready to back Ms Long-Bailey for the top job. Who could replace Corbyn as Labour leader Show all 6 Created with Sketch. Created with Sketch. (news.financializer.com). As reported in the news.

pride confidence: Centering around Macao's economic diversification efforts, the commissioner's office has actively implemented foreign policies designed to benefit Macao, helping strengthen Macao residents' national pride and confidence, the commissioner said, according to Global Times China. The great advantages Macao has enjoyed in its external relations are rooted in one country, Shen said, adding that the construction of the Belt and Road Initiative BRI the development of the Guangdong-Hong Kong-Macao Greater Bay Area and other national strategies have provided important opportunities for Macao to deepen its international cooperation. Photo Xinhua The Macao Special Administrative Region SAR has taken great advantage of the one country, two systems and made impressive achievements in its external relations by expanding its international influence in the past 20 years, Commissioner of the Chinese Foreign Ministry in the Macao SAR Shen Beili told Xinhua recently in an exclusive interview. The central government has clearly defined the direction and path of Macao's external relations by setting the goals of establishing a world tourism and leisure center, an economic and trade cooperation platform for China and Portuguese-speaking countries, and an exchange and cooperation base with Chinese culture as its mainstream and co-existence of different cultures, the commissioner said. Under the policy of one country, two systems, the Macao SAR has maintained its status as an international free port, which allows free movements of global investment, management, talents and other resources. Meanwhile, Macao's advantage in its external relations also comes from the benefit of two systems, as the Basic Law of Macao stipulates that the Macao SAR may develop its external relations and participate in some international affairs in the name of China's Macao SAR in some appropriate fields, she said. (news.financializer.com). As reported in the news.

stephen biegun: Biegun will also travel to Tokyo and meet with his Japanese counterpart, the U.S. State Department said, according to The Japan Times. Tension has been rising in recent weeks as Pyongyang has conducted a series of weapons tests and waged a war of words with U.S. President Donald Trump, stoking fears the two countries could return to a collision course that they had been on before launching diplomacy last year. Stephen Biegun will be in Seoul for a three-day stay and consult with his counterpart Lee Do-hoon and other officials, South Korea's Foreign Ministry said on Friday. ; The two sides will exchange extensive views on the recent situation on the Korean Peninsula and discuss ways to bring substantial progress on achieving a complete denuclearization and enduring peace, the ministry said in a statement. Biegun's trip led to speculation he might try to salvage negotiations by reaching out to North Korea, or by publicly sending a message. On Thursday, it said Washington had nothing to offer even if talks were to reopen, and the United States warned against any resumption of unfortunate ill-advised behavior. North Korea has vowed to take an unspecified new path if the United States fails to address its demands before the end of the year. (news.financializer.com). As reported in the news.

u.s: The Labor Department reported that the U.S. economy added 266,000 new jobs in November, well-above the 180,000 figure that had been the consensus expectation of economists surveyed by Market Watch You'd have thought that this news would have upset investors, since it both reduces the likelihood the Federal Reserve will reduce rates and perhaps even increases the likelihood of an increase, according to Market Watch. In the wake of the jobs report, for example, gold bullion dropped 1.3% as investors realized that higher rates would cause the U.S. dollar DXY, -0.05% to strengthen. That's clear because of how the U.S. stock market reacted in the immediate wake of the better-than-expected December jobs report, released the morning of Dec. 6. The stock market was a different story, as you can see from the accompanying chart. What this means, according to a landmark study from two decades ago Investors collectively are now more concerned about a U.S. economic downturn than about higher rates. Far from dropping, stocks rallied sharply on Friday rising nearly as much as gold fell. (news.financializer.com). As reported in the news.

tesla inc: Wood, 64, founded her company, ARK Invest, in 2014, to harness the opportunity created by cutting-edge technologies like genomics, autonomous vehicles, and more, according to Market Watch. But rather than deploying private markets, like venture capitalists do, Wood makes her bets in the most public approach possible in exchange-traded funds, utilizing what she calls an open-source research ecosystem of two-way communication with other investors, scientists, users, and many others. Nearly a decade later, if there's any one investor best poised to pen an update, it might be Catherine Wood. Wood is known in investment circles for her bullish calls on Tesla Inc. But she thinks about many different companies within the universe of what ARK calls five key innovation platforms artificial intelligence, energy storage, robotics, genome sequencing and blockchain technology. TSLA, -0.36%, including a recent appearance in which she said her bear case was for the stock price to more than double from its current level of more than 340. (news.financializer.com). As reported in the news.

ukraine actions: Speaking with MSNBC's David Gura on Saturday, the wife of Democratic presidential candiate Joe Biden spoke at length about the prospects of a lengthy 2020 campaign in the coming year, according to MSNBC. She said President Donald Trump's alleged Ukraine actions and his attacks against her son, Hunter Biden, and her husband has shown us who Trump is. Jill Biden said the Trump administration's Ukraine accusations against her son were absurd and appalling Saturday, saying the president is projecting and is simply afraid to run against my husband. She declared that Joe's going to stand up to bullies...bullies like Donald Trump. MSNBC We never could have imagined it would turn into Donald Trump asking a foreign government to get involved in our elections, Biden said Saturday. Biden appeared to completely dismiss all accusations made by Trump against Hunter and said any parent would defend their children in the way she has. (news.financializer.com). As reported in the news.

sudanese protesters: That's the first verdict in a series of legal proceedings against al-Bashir, who is also wanted by the International Criminal Court on charges of war crimes and genocide linked to the Darfur conflict in the 2000s, according to Nine News Australia. The verdict comes a year after Sudanese protesters erupted in revolt against al-Bashir's authoritarian rule. To improve your experience update it here News World Former Sudan President Omar al-Bashir sentenced to two years in jail for corruption By Associated Press12 25am Dec 15, 2019Tweet Facebook MailA court in Sudan convicted former President Omar al-Bashir of money laundering and corruption on Saturday, sentencing him to two years in a minimum security lockup. During his three decades in power, Sudan landed on the U.S. list for sponsoring terrorism, and the country's economy was battered by years of mismanagement and American sanctions. The uprising eventually forced the military into a power-sharing agreement with civilians. A court in Sudan convicted former President Omar al-Bashir of money laundering and corruption on Saturday, sentencing him to two years in a minimum security lockup AAP Al-Bashir has been in custody since April, when Sudan's military ousted him after months of nationwide protests. (news.financializer.com). As reported in the news.

quadriga: At the time, Quadriga -- once Canada's biggest cryptocurrency exchange -- said it was unable to gain access to his digital assets, according to CNN. At least 145 million were left frozen in Cotten's account. Cotten, co-founder and CEO of Quadriga, died of complications in December 2018 arising from Crohn's Disease while traveling in India, the company said on Facebook. Cotten's death plunged Quadriga into crisis and left it struggling to figure out how to refund more than 100,000 users of the currency. Meet the Facebook executive who wants you to trust him with your money Miller Thompson LLP wrote to the Royal Canadian Mounted Police on Friday requesting an exhumation and post-mortem autopsy on Cotten's body to confirm both its identity and the cause of death given the questionable circumstances surrounding Mr. In April, Quadriga announced that the Supreme Court of Nova Scotia had issued a Termination and Bankruptcy Assignment Order outlining the process by which the Quadriga CCAA proceedings would be converted to bankruptcy proceedings. (news.financializer.com). As reported in the news.

sector: It is a similar story in the corporate sector, according to The Guardian. Businesses are under increasing pressure from investors and shareholders to back up claims they are committed to the goals of the Paris agreement. Few have mapped how to get there. Take BHP, one of the world's 20 big emitters it has set a mid-century net-zero emissions target but is yet explain how it will reach it, and plans to invest more in oil and gas than climate solutions. Having moved in both diplomatic and investment circles, he found people in each who wanted to tackle the climate crisis but had little comprehension of how the other worked. Martijn Wilder, long-time head of Baker & McKenzie's global climate law and sustainable-finance practice and a founding board member of the Clean Energy Finance Corporation, has seen up close the divide between the decision-making that goes into setting targets and establishing rules at United Nations climate talks and that drives spending decisions. (news.financializer.com). As reported in the news.

years: Two years later, as she celebrated victory for her National League for Democracy NLD in Myanmar's first free elections in decades, the moment seemed to solidify her place in history as Asia's Nelson Mandela, according to CNN. This week, the heroine for humanity appeared at the Hague to defend her country -- and by extension herself -- from accusations of genocide against Rohingya Muslims, hundreds of thousands of whom have been forced out of northwestern Myanmar by a yearslong military crackdown. In 2013, after the Nobel Peace Prize laureate was released from house arrest in Myanmar, as the military regime gradually liberalized in the face of punishing international sanctions, Suu Kyi was hailed in the British parliament as a conscience of a country and a heroine for humanity. Few people are as perfect as their public image, especially when they are perceived as a saint. Read More There is also a major different between being an opposition figure and actually having to govern. Nor did the 2015 election represent as much of a break with Myanmar's past as it first seemed -- the military kept a firm grip on power, while the ethnic strife and civil war which have racked the country since independence never went away. (news.financializer.com). As reported in the news.

week: The 2-year note rate TMUBMUSD02Y, 0.00% slipped 6.8 basis points to 1.604%, resulting in a 1.5 basis point drop for the week, according to Market Watch. The 30-year bond yield TMUBMUSD30Y, 0.00% plunged 7.3 basis points to 2.252%, helping it book a 3.2 basis point decline this week. What are Treasurys doing The 10-year Treasury note yield TMUBMUSD10Y, 0.00% slumped 8.1 basis points to 1.820%, contributing to a 2.2 basis point decline this week. Only a day before, yields for all three maturities had touched four-week highs. The agreement will cover a range of issues including intellectual property protection, agriculture, and foreign firms' access to the Chinese economy. What's driving Treasurys Investors were unimpressed by the announcement that Washington and Beijing had struck a deal that would call off tariffs in December, and trim levies that kicked in on September by half to 7.5% on around 120 billion of Chinese imports. (news.financializer.com). As reported in the news.

business circles: He joined the Hudson Institute, a conservative U.S. think tank, in 1991 and assumed his current post in March 2011. ; The institute has been influential in U.S. political and business circles as a think tank with a close relationship to the Trump administration, according to The Japan Times. Weinstein often visited Japan to hold talks with Abe and Taro Kono when he was foreign minister. Weinstein is said to have close relations with both Trump and Prime Minister Shinzo Abe. This summer, he launched the institute's Japan Chair and appointed H.R. McMaster, a former national security adviser to Trump, as head of the new division. The government contributed some 560 million from the fiscal 2018 supplementary budget to the institute to establish the new division, with an aim to promote the dispatch of information for stronger ties with the United States and to boost its influence in U.S. decision-making. A source familiar with the situation said that Weinstein is the best choice for boosting Japan-U.S. relations. (news.financializer.com). As reported in the news.

carbon footprint: It will have a profound effect on the aviation industry, or at least on those airlines that devote themselves to cosseting passengers with premium products, according to The Independent. One day soon, a wise organisation such as a not-for-profit concern will tell its travelling executives Economy class only from now on, regardless of the length of the flight. Well, here's a travel prediction for you that I believe will come true over the next few months and years. Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now The carbon footprint you make as an airline passenger is in proportion to the actual footprint of your seat. Read more Ban air miles to stop climate change, report urges But that does not mean long-haul travellers must endure miserable journeys. Business class is a waste of space and burns an absurd amount of fuel. (news.financializer.com). As reported in the news.

chinese audience: We have relationships forged over almost 50 years with the people of China ... that are deeply important to us and we want to continue to develop and nurture those relationships for decades to come, Matias Tarnopolsky, the orchestra's president and CEO, told Xinhua, according to Global Times China. The Philadelphia Orchestra story epitomizes the strengthening of people-to-people connections that China and the United States have seen over the past year. The orchestra, which pioneered cultural exchanges between the United States and China in 1973, has found its music reaching a larger Chinese audience, not only in concert halls, but also in more private settings, such as classrooms and hospitals. While the bilateral relationship is going through some rough patches at the national level, wide-ranging exchanges and cooperation at the subnational level have not been losing steam. Visitors watch the U.S.-born male giant panda Bei Bei at the Smithsonian's National Zoo in Washington D.C., the United States, on Nov. 11, 2019. No matter what the climate externally is, these collaborations continue, Tarnopolsky said. (news.financializer.com). As reported in the news.

control: On the one hand Nearly all women 96% either share in or are in charge of their financial decisions, according to Market Watch. Women control 70%-80% of all consumer purchasing Women are projected to inherit 70% of the coming inter-gender-ational wealth transfer. The data surrounding women and investing tells two starkly different stories. Yet while women earn and manage more wealth than ever before, and are set to inherit and earn even more, they invest 40% less, on average, than men. These are 1. Understanding women investors To better understand women, their relationships with financial advisers, and the degree to which their financial goals were being met, we conducted a study of more than 800 women across the U.S. We identified four distinct segments of women who exhibit different investment needs, challenges, and life circumstances, yet share similar experiences of being misunderstood, neglected and under-educated during the financial advisory process. (news.financializer.com). As reported in the news.

headlines download: Why Because, at last, the drawn-out mess that has been British politics for the past three years might just be coming to an end, according to The Independent. And if there's one thing that economies, markets, employers, investors and the spending public hate, it is uncertainty. At least indirectly. Banking on the strong Tory win pushing the chances of crashing out of the EU without a deal, which would have hit the economy had, into the long grass, the value of the pound immediately soared in response to the news. Which is great if you're escaping the Christmas chaos on holiday any time soon. Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now Few had anticipated such a strong performance at the polls though, and early on Friday morning the pound had already surged to a three-and-a-half-year high against the euro and its highest rate against the US dollar since last May. (news.financializer.com). As reported in the news.