Futures Markets News 

Wall Street bear warns the earnings slowdown will crush rally

“Wall Street bear Peter Boockvar warns that 2019’s market rally is flawed, and a major setback will slam stocks” writes unknown author for cnbc.com. According to Boockvar, it’s not unreasonable to worry about the earnings slowdown developing into a full-blown earnings recession.His chief reasons include sluggish global growth, the earnings slowdown and a fuzzy economics picture.”The higher the market goes [and] the lower earnings estimates go, the more expensive the market is getting.”. “With respect to corporate earnings, we’re seeing a decline in earnings expectations for this year.”.  Source: cnbc.com

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Japan insurers to target China M&A in new phase after $50 billion overseas push

“Top Chinese firms such as China Life Insurance and Ping An Insurance Group collectively hold about 90 percent of the Chinese life insurance market” reports businessinsider.com. Japanese insurers have spent $53 billion on deals since 2014, the second most by insurers of any country after the United States.For property-and-casualty insurers including Tokio Marine, Sompo and MS&AD, China’s opening up comes as they themselves are looking to diversify geographically.The banker said his firm was already working on a few possible acquisition deals by Japanese insurers in China. Source: businessinsider.com

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FCA publishes list of EEA candidates for recognised overseas investment exchange status

“It will also allow EEA-domiciled investment funds that market in the UK under a passport to continue temporarily marketing in the UK” reports financefeeds.com. Earlier today, the UK regulator published a list of EEA market operators have applied or given the FCA a formal intention to apply for ROIE status in the UK. Back in September 2018, the FCA published a direction that clarified how market operators from the European Economic Area (EEA) can apply to become a recognised overseas investment exchange (ROIE).To help UK users of EEA trading venues plan,…

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A Canadian company is accused of human rights abuses overseas. Can it be sued in Canada?

“The lawsuit against Nevsun is the latest in a string of claims filed in Canadian courts against Canadian mining firms seeking to hold them accountable for alleged human rights violations at mines overseas” writes Amanda Coletta for washingtonpost.com. Canadian judges have been unwilling to consider such cases, punting them to the jurisdictions where the breaches of international law are alleged to have occurred.Canada’s top court heard arguments this week over whether a Canadian mining firm can be sued on home turf for alleged complicity in human rights abuses abroad, in…

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Taco Bell eyes Asia-Pacific to drive overseas expansion

“BANGKOK (Reuters) – U.S. fast food chain Taco Bell plans to double its international footprint with Asian markets as the main driver for overseas growth as awareness about Mexican cuisine grows, a senior executive said on Wednesday” writes Midwest Communications Inc for 95kqds.com. “Consumers weren’t ready in terms of awareness and the brand wasn’t positioned right at the time,” she said. Source: 95kqds.com

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Millions of Chinese tourists are spurring the growth of mobile pay overseas

“Three-fourths of supermarkets and convenience stores in Singapore, Malaysia and Thailand now accept Chinese mobile payment, according to a Nielsen survey released Monday” writes Evelyn Cheng for cnbc.com. In just a few years, mobile payment has become so ingrained in the lives of Chinese people that they are driving stores in overseas tourist destinations to adopt the technology. “Along with the increasingly personalized and sophisticated demand of Chinese tourists, improving the global coverage of mobile payments is a long-term project (for merchants),” Andy Zhao, president of Nielsen China, said in…

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Trump Cancels Pelosi’s Trip Overseas Amid State Of The Union Fight

“Pelosi’s trip to Afghanistan had been a closely held secret due to security concerns, of course” writes unknown author for huffingtonpost.com. As noted by Politico’s Capitol Hill bureau chief, John Bresnahan, Trump’s public letter exposed a trip that had been a “closely held secret due to security concerns” for Pelosi. Source: huffingtonpost.com

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University of Liverpool apologises to Chinese students for exam cheating warning

“In August, Universities UK International said that more than 95,000 Chinese students studied at British universities in the 2016-2017 academic year, accounting for more than one-fifth of all international students and making China the top source of overseas students” writes Mandy Zuo for businessinsider.sg. And [sending the email] to all international students?” But others said Chinese students overseas had been frequently criticised for cheating. “Respect doesn’t come from nothing. Source: businessinsider.sg

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From Meghan Markle and Prince Harry to Wills and Kate: Which royals worked harder in 2018

“By O’Donovan’s recently published 2018 count, among Prince William, Prince Harry, Kate Middleton and Meghan Markle (arguably the most high-profile, younger royals), Prince William put in the most work, attending 150 engagements in the United Kingdom and 70 engagements on official, overseas tours” writes Stephen Pond for cnbc.com. Meanwhile, pregnant Meghan Markle, who officially became a royal in May, had 45 engagements in the U.K. and 51 overseas.In 2018, 68-year-old Anne attended 447 total engagements in the U.K. and 71 overseas, according to O’Donovan and The Times. Source: cnbc.com

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