News 

Portugal minister says his country may have found the secret to containing populism

“Even if the population is not totally happy about the current economic situation, most of them recognize an improvement” writes Silvia Amaro for cnbc.com. “It is true we had a very strong economic recovery over the last three years,” Pedro Siza Vieira, minister of the economy for Portugal, told CNBC at the World Economic Forum, in Davos Wednesday.The latest surveys suggest that only 33 percent of the population believe the Portuguese economy is “good or very good.”.  Source: cnbc.com

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Government shutdown exposes a harsh truth: Most Americans are unprepared for the next recession

“And when they do, recessions soon follow and generally tend to produce unemployment rates between 6%-10%” writes Sven Henrich for marketwatch.com. The government shutdown, the longest in history, comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn.There is nothing in history that suggests that extremely low unemployment can be maintained for an extended period: Indeed, it is precisely at the end of an economic cycle that low unemployment rates tend to reverse rather suddenly. Source: marketwatch.com

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News Platforms 

Veeam raises $500 million to grow its data management platform globally

“Veeam, a data management company specializing in backup and disaster recovery services for enterprises, has raised $500 million in its first tranche of institutional funding” writes Paul Sawers for venturebeat.com. The data management sphere, it’s fair to say, is hot.Though Veeam has been largely self-funded since inception, the company did sell a minority stake to Insight Venture Partners in 2013 for an undisclosed sum.Founded in 2006 by Russian entrepreneurs Ratmir Timashev and Andrei Baronov, who sold their previous software company two years earlier, Veeam is one of a number of data…

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Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse

“However, the investment bank maintains their positive view on Egypt, and sees the recent sell-off as an opportunity to add exposure” writes Mohamed Samir for dailynewsegypt.com. The country’s economic momentum has eased, but Egypt’s fundamental recovery story remains intact, according to the Middle East Overview Outlook 2019 report issued by the Switzerland-based investment bank, and financial services company, Credit Suisse Group.Moreover, the report highlights, slow foreign direct investments (FDI) is the primary area of disappointment in Egypt’s economic development. Source: dailynewsegypt.com

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News Stocks 

FTSE 100 bounces back after Wall Street’s late recovery

“The FTSE 100 has bounced back in early trade as stock markets across Europe gather steam following a recovery on Wall Street overnight” writes Telegraph Reporters for telegraph.co.uk. Engineer Melrose, oil services group John Wood and gold miner Randgold were among the early risers as investors took heart from a choppy session yesterday that saw US stocks slide and then recover ground.The pound was broadly flat on Friday against the dollar at $1.2649 and down 0.10pc against the euro at €1.1041. Across Europe, France’s CAC gained 0.67pc in morning trade,…

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Markets News Stocks 

SE Asia stocks: Most end higher following Wall St recovery, Sino-U.S. talks

“Wall Street recovered from a severe equity rout that had battered most global markets” reports businessinsider.sg. Indonesian stocks ended at their highest since late-April, with consumer staples and materials stocks in the lead.Singapore led gains, ending 1.1 percent higher with heavyweight industrial and financial stocks in the lead.Most Southeast Asian stock markets ended Thursday higher as a rally on Wall Street, coupled with a leeway in the Sino-U.S. trade standoff spurred a buying spree across Asia. Source: businessinsider.sg

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Quality of life in our region depends upon the quality of the Sound’s environment | Op-Ed

“The Partnership will soon release the 2018-2022 Action Agenda, which helps chart the course for making progress on Puget Sound recovery over the next four years” writes Robert Ewing for seattletimes.com. It will take an everyday recognition that quality of life and business in the region depend upon the quality of the Sound’s environment — a recognition that a concern for nature is on par with a concern for human well-being and economic security. Source: seattletimes.com

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News Regulators 

Japan’s central bank sticks to economic recovery view despite rising global risks

“Japan’s economy is expanding moderately,” while overseas economies continue to grow steadily as a whole, the central bank said in a statement announcing the policy decision” writes unknown author for cnbc.com. Years of heavy money printing has left it with little ammunition to battle another recession, and the global economic slowdown is depriving the central bank of any near-term chance to restock its tool-kit.The central bank board met hours after the U.S. Federal Reserve raised rates and said it was keeping the core of its plan to tighten monetary policy…

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News Stocks 

A bullish chart pattern could be flashing a buy sign for tech stocks

“Bill Baruch, president of Blue Line Futures, sees a bullish chart pattern forming that could signal further upside” writes unknown author for cnbc.com. The move is typically a bullish signal that suggests a downward trend is petering out and reversing to the upside.If you are going to bet on tech, bet on value stocks over growth, says Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management.”We do believe there is a rotation within this sector going from high-growth names, from super high-flying names, into tech with earnings,” Bapis…

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