Article source: https://www.ft.com/content/3ec1a8fe-80e9-11e7-a4ce-15b2513cb3ff
Fast Asia Open: RBA meeting minutes, Indonesia trade data
Article source: https://www.ft.com/content/41a2546f-3a0f-3ff8-9c15-c018de50bbd4
4 Your Money: Annuities Pt. 2
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Article source: http://world.einnews.com/article/398088981/E_aMCaX-4KNdB8Ku?ref=rss&ecode=dYZEnKEuqPQMTccj
Drug Lord El Chapo Has a Money Problem
The drug lord known as El Chapo can hire a high-profile lawyer, but the judge overseeing his case won’t guarantee he gets paid.
Joaquin Guzman, who has been represented by public defenders, wants private attorney Jeffrey Lichtman to take over. But Guzman’s assets are frozen, and there’s a risk that the government could seize any legal fees he pays, claiming they’re tainted by drug money.
“He’s completely locked down so how does he pay us?” Lichtman told NBC News. “He can’t just go to his checkbook in his jail cell and say, ‘Here’s a check, you’re hired.'”
Article source: http://world.einnews.com/article/398088952/QO6QDwtpRjh8kMMy?ref=rss&ecode=dYZEnKEuqPQMTccj
Amazon refunding money to some eclipse glasses buyers as experts warn of fakes
Amazon is refunding money to some customers who bought eclipse glasses that “may not comply with industry standards,” CNN and other news sites reported.
The company removed some listings for glasses on its website, CNN reported, but did not name those listings in a statement.
[READ MORE: Solar eclipse is a hot ticket in the Carolinas. Here’s what you need to know.]
Mary and Peter Schild of Charlotte, who ordered their glasses weeks ago, got an email from Amazon on Saturday morning.
“Amazon has not received confirmation from the supplier of your order that they sourced the item from a recommended manufacturer,” it said. “We recommend that you DO NOT use this product to view the sun or the eclipse.”
Amazon will refund their money. But many local stores are sold out and the Schilds don’t want to risk viewing the eclipse with glasses of uncertain reliability.
“Should we just watch it on TV?” Mary Schild said.
NASA has previously warned that unsafe glasses are being marketed in the run-up to the first solar eclipse to cross the U.S. coast-to-coast since 1918.
The path in which the sun will be in total eclipse is about 70 miles wide and will run from coastal Oregon to Charleston.
Certified lenses will be stamped with the manufacturer’s name and address and say they meet the ISO 12312-2 international safety standard. But counterfeits will also claim that.
The American Astronomical Society offers detailed tips to learn whether your glasses are safe. NASA
Article source: http://world.einnews.com/article/398091638/d1L4UZ6l3GGyHyiv?ref=rss&ecode=dYZEnKEuqPQMTccj
Inspire ETFs Earn Place With Multi-Billion Dollar Money Manager
SAN JOSE, CA / ACCESSSWIRE / August 14, 2017 / Inspire Investing1 is thrilled to make the cut with multi-billion dollar money managers like Frontier Asset Management and Sawtooth Asset Management. Other recent Inspire adopters include Howard Capital Management ($700 million AUM), Virtue Capital Management ($200 million AUM), and Creative Financial Designs ($900 million AUM).
Inspire Investing‘s Global Hope Impact ETF (NYSE: BLES) has been placed in Frontier Asset Management’s Christian Worldview Global Opportunities portfolio and Christian Worldview Growth Income portfolio. Frontier is an award-winning money manager with $2.8 billion assets under management (AUM) that prides themselves on their four-step investment process designed to identify superior investment companies. Frontier was named the 2015 SMA strategist of the year by Investment Advisor magazine and Envestnet | PCM. This award highlights the managers disciplined investment management processes and other factors that help drive success. Frontier was named number one out of over 90 competing firms.
Robert Miller, Managing Principal at Frontier, regarding the decision, said, “Frontier Asset Management is excited for a new addition to our Christian Worldview strategies hire list of funds and ETFs. The Inspire Global Hope ETF increases our options of investments in the Biblically Responsible Investing (BRI) channel to serve our clients desire for a strategy that is in line with their convictions. It also gives us exposure to both US and International large stocks, which is an asset class we have struggled to find good investments in that also
Article source: http://world.einnews.com/article/398091552/Iw-lutUAK2cgJACH?ref=rss&ecode=dYZEnKEuqPQMTccj
The money trail
Come September, Jean-Claude Juncker, the European Commission president, will announce measures for making foreign takeovers in European countries tougher. This is motivated largely by generous Chinese investment in strategic sectors such as energy and infrastructure in the European Union (EU).
The EU isn’t alone in being wary of Chinese money and the implications thereof. Reports have it that New Delhi is less than sanguine about Chinese firm Shanghai Fosun Pharmaceutical Group’s proposed $1.3 billion takeover of India’s Gland Pharma. And the US’s Committee on Foreign Investment, which reviews foreign direct investment from a national security perspective, has been an irritant for China.
These are handy reminders of two things. The first is the potential of economic leverage as a tool of statecraft. The second, a corollary, is that there are times when pragmatic considerations will trump the logic of free trade and movement of capital—as, indeed, Chinese state media speculating about a trade war with India shows.
Article source: http://world.einnews.com/article/398094037/MEBTjLgfot92_aVc?ref=rss&ecode=dYZEnKEuqPQMTccj
Asia shares mostly up, Nikkei falls as yen gains vs dollar
TOKYO – Shares were mostly higher in Asia on Monday, although Japan’s Nikkei 225 benchmark fell as tensions over North Korea kept the yen strong against the dollar.
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KEEPING SCORE: Japan’s Nikkei 225 stock index dipped 0.8 per cent to 19,564.98 on selling of shares in export manufacturers whose profits would be hurt by a stronger yen. Hong Kong’s Hang Seng index jumped 1.2 per cent to 27,198.59 and Australia’s SP ASX 200 surged 0.6 per cent to 5,729.70. South Korea’s Kospi gained 0.6 per cent to 2,333.64 and the Shanghai Composite index advanced 0.4 per cent to 3,221.27. Shares in Southeast Asia were mostly higher.
ANALYST’S TAKE: “Asian markets are poised to retrace some of last week’s losses at the start of the week with jitters within equity markets appearing to have declined over the weekend. Early movers in the region including the South Korean and Taiwan markets had both opened with moderate gains,” Jingyi Pan of IG said in a commentary.
JAPAN GROWTH STORY: Japan’s economy grew at a hearty 4.0 per cent annual pace in the April-June quarter, helped by stronger consumer spending and corporate capital investment. The numbers, the fastest quarterly expansion in over two years, were better than forecast and represented the sixth straight quarter of growth. The economy
Article source: http://www.msn.com/en-ca/money/topstories/asia-shares-mostly-up-nikkei-falls-as-yen-gains-vs-dollar/ar-AAq2mFL?srcref=rss
The worse North Korea acts, the more cash aid it gets
North Korea’s episodes of nuclear aggression are typically interpreted as demonstrations of force, but they may actually be generating funds for its cash-strapped economy.
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“For Pyongyang, it pays to provoke,” Sung-Yoon Lee, a Korean Studies professor at Tufts University, told CNBC on Monday. “Whereas good behavior buys only indifference from its richer neighbors, being a bad apple buys leverage and billions in aid.”
The same countries admonishing North Korea leader Kim Jong Un for nuclear belligerence still shell out large sums of diplomatic aid under the motive of “damage-control diplomacy, i.e. getting the North to back off and stay out of the headlines for a while,” Lee said. “Exporting insecurity is [Pyongyang’s] time-tested means to reaping concessions.”
Over the past quarter-century, the pariah state has amassed $20 billion worth of cash, food, fuel, and medicine from the U.S., Japan, China and South Korea. That’s come from “repeated lies of denuclearization,” according to Lee, who has testified as an expert witness at U.S. government hearings on North Korea policy.
Pyongyang has often promised to get rid of its nuclear weapons — in 2007, the communist state agreed to disable all nuclear facilities in return for fuel oil or economic aid. Evidently, disarmament never materialized.
More recently, Kim’s regime said it was willing to freeze nuclear and missile testing if Washington halts joint military exercises
Article source: http://www.msn.com/en-ca/money/topstories/the-worse-north-korea-acts-the-more-cash-aid-it-gets/ar-AAq2ITt?srcref=rss
GoDaddy boots white supremacist web site after offensive post
FILE PHOTO: The logo for internet company GoDaddy inc is shown on a computer screen in this illustration photo in Encinitas California
The web hosting company GoDaddy said on Sunday it had given The Daily Stormer 24 hours to move its domain to another provider after the extremist web site posted an article denigrating the woman who was killed at a white nationalist rally in Virginia.
“We informed The Daily Stormer that they have 24 hours to move the domain to another provider, as they have violated our terms of service,” GoDaddy posted on its official Twitter page.
The Daily Stormer post in question denigrated Heather Heyer, 32, who was fatally struck by a car allegedly driven by a man with white nationalist views, for her physical appearance and what it said were anti-white male views.
The Daily Stormer is a neo-Nazi, white supremacist website associated with the alt-right movement, which was spearheading the rally on Saturday in Charlottesville, Virginia which resulted in violence, including Heyer’s death.
GoDaddy, founded in 1997 and based in Arizona, has some 6,000 employees worldwide.
(Reporting by Chris Michaud; Editing by Michael Perry)
Article source: http://www.msn.com/en-ca/money/topstories/godaddy-boots-white-supremacist-web-site-after-offensive-post/ar-AAq2AQp?srcref=rss