Thursday September 19, 2019 07:58 AM A recession looms for Germany yet the government, despite pleas from economists for more spending, is keeping tight control on its finances. Written by By DAVID McHUGH, AP Business Writer FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over Germany's devotion to budget austerity is intensifying as the outlook for the economy dims and public pressure grows to address big issues such as global warming. On Friday, the government will unveil a raft of measures that could include billions in incentives and spending to make the economy more environmentally-friendly. "The call for fiscal stimulus has never been louder," said Carsten Brzeski, chief economist for the bank ING Germany. "And … [Read more...] about Can green investment help relaunch Germany’s economy?
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Tencent Agrees Deal with SEA to Counteract Gaming Regulations in China Tencent again shows its understanding of its business as it ties up with a regional partner to counteract regulations on gaming in China. HONG KONG, HONG KONG, HONG KONG, November 20, 2018 /EINPresswire.com/ -- A unit of digital group Sea has first right of refusal to publish online games from Internet giant Tencent in Indonesia, Taiwan, Thailand, the Philippines, Malaysia and Singapore. The five-year arrangement announced yesterday builds on a longstanding strategic partnership between the Chinese company and the unit - Garena. Garena already publishes a number of the most successful games from Tencent's portfolio, including Arena of Valor and League of Legends. The two companies said they will identify opportunities to distribute and promote top titles from Tencent's portfolio in the relevant markets. Sea chairman and group chief executive Forrest Li said: "Tencent is a global leader in the video games … [Read more...] about Trinity Investments Limited – Sea’s Garena to Sell Tencent’s Games in the South East Asian Region
Busy Week Ahead for US Markets On Friday, both the Dow and S&P 500 closed at levels putting them in red figures for 2018 and just above the level that would constitute correction territory. HONG KONG, HONG KONG, HONG KONG, October 29, 2018 /EINPresswire.com/ -- To cap the week, tech stocks lagged the broader market once again with the tech-heavy Nasdaq dropped 2%, or 151 points, while the Dow fell 1.2%, or 296 points, and the S&P 500 dropped 1.7%, or 46 points. For the week, each of the S&P 500, Nasdaq, and small-cap Russell 2000 fell more than 3% while the Dow fell just less than 3% in an overall tough week for investors. “The market is dealing with economic indicators that appear to be stalling or rolling over from extremely high levels, weakening earnings, and a tightening Fed,” analysts at Trinity Investments said in a note Friday. “That’s a recipe for lower stock prices, and that is something we are taking advantage of.” In the week … [Read more...] about Trinity Investments Limited – What to Watch in the Week Ahead – Earnings and Economic Data
6 Comments By Jacquie McNish and Jacquie McNish The Wall Street Journal BiographyJacquie McNish @jacquiemcnish [email protected] David Benoit David Benoit The Wall Street Journal BiographyDavid Benoit @DaveCBenoit benoitda Google+ [email protected] Oct. 4, 2018 11:39 a.m. ET Michael Hawkins, an Ontario consultant and farmer who owns about 50 head of cattle, was looking for extra income when he started buying Canadian life-insurance policies a decade ago. What he got was an unexpected legal battle that could lead to huge losses for some of Canada’s largest financial institutions. Mr. Hawkins argues the eight insurance policies, into which he has pumped 14 million Canadian dollars (US$11 million), should continue to pay above-market interest rates for as long as he likes. Now, three publicly traded insurers dispute the terms of those policies in Canadian court, arguing that the feature of the plans on which Mr. Hawkins has capitalized wasn’t … [Read more...] about Canadian Insurers Fight Cattle Farmer’s Investment Strategy, Fearing Stampede
Ant Financial Opens Payment Portals in UK for Chinese Visitors Chinese tech giant Ant Financial on Monday set out major expansion plans to make the UK one of its biggest international markets for mobile payments. HONG KONG, HONG KONG, HONG KONG, October 2, 2018 /EINPresswire.com/ -- The move comes ahead of its anticipated blockbuster stock market listing: Ant - the payment affiliate of China’s leading tech group Alibaba - already has 700 million users in China alone using its digital wallet app to hail taxis, make doctor appointments and buy investments as well as its core business of online and bricks-and-mortar payments. Now at the start of China’s Golden Week national holiday season when wealthy Chinese tourists flock to the capital’s shops, restaurants and hotels, Alipay’s European boss Roland Palmer said that London is the focus of Alipay’s international expansion. “We’ve signed up thousands of merchants - in the last 6 months, … [Read more...] about Knight Investment Limited – Alibaba – Ant Financial Expands Payment Portals to UK