US wants a more stable yuan, China wants that too: Experts

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.” “Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB). “The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said. “First, China, as a responsible


“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.” “Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB). “The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said. “First, China, as a responsible
US wants a more stable yuan, China wants that too: Experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, afp, getty images, -vishnu varathan, mizuho bank head of economics
Keywords: news, cnbc, companies, china, markets, market, experts, wants, exchange, devaluation, yuan, stable, trade, strategy, cny, risk, chinese


US wants a more stable yuan, China wants that too: Experts

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.”

That reportedly hasn’t stopped the White House from seeking assurances there’d be no devaluation, but that American pursuit for yuan stability is “superfluous,” according to Mizuho Bank Head of Economics and Strategy Vishnu Varathan.

“Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB).

The world’s second-largest economy has been on a drive to open up its financial sector, and has also been pushing for more international use of the yuan. So, it’s already in China’s interest to maintain currency stability as Beijing opens domestic markets up to international investment, said Tuan Huynh, emerging markets chief investment officer at Deutsche Bank Wealth Management.

“The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “Beijing’s struggle at the margin is to prevent abrupt and excessive slide in the CNY (brought about by US-China trade risks, which in turn could trigger capital outflows and asset market wobbles).” Editor’s note: Varathan included the above parentheses in his emailed comments to CNBC.

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said.

Chinese authorities also dismissed such concerns in a press conference on Wednesday, following Bloomberg’s report that sources familiar with the trade negotiations said Trump’s team is asking China to keep the yuan stable.

“First, China, as a responsible major country, has made clear its position repeatedly that it does not engage in competitive devaluation. Second, we will not use the RMB exchange rate as a tool amid trade disputes,” said Chinese Foreign Ministry spokesman Geng Shuang.

He added: “Third, we hope the US can respect law of markets and objective facts, and refrain from politicizing exchange rate issues.”

Jameel Ahmad, global head of currency strategy and market research at foreign exchange broker FXTM, echoed that sentiment, saying the idea of a Chinese devaluation is not worthy of attention “in the current day and age.”

If anything, he added, a neutral observer would expect Beijing’s “preference would be for strength in the Chinese currency, because of the impact this can have on risk appetite and emerging market sentiment.”


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, afp, getty images, -vishnu varathan, mizuho bank head of economics
Keywords: news, cnbc, companies, china, markets, market, experts, wants, exchange, devaluation, yuan, stable, trade, strategy, cny, risk, chinese


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Facebook receives personal health data from apps: WSJ

Facebook receives highly personal information from apps that track your health and help you find a new home, testing by The Wall Street Journal found. Facebook can receive this data from certain apps even if the user does not have a Facebook account, according to the Journal. The new report said Facebook is able to receive data from a variety of apps. Of more than 70 popular apps tested by the Journal, they found at least 11 apps that sent potentially sensitive information to Facebook. The apps


Facebook receives highly personal information from apps that track your health and help you find a new home, testing by The Wall Street Journal found. Facebook can receive this data from certain apps even if the user does not have a Facebook account, according to the Journal. The new report said Facebook is able to receive data from a variety of apps. Of more than 70 popular apps tested by the Journal, they found at least 11 apps that sent potentially sensitive information to Facebook. The apps
Facebook receives personal health data from apps: WSJ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lauren feiner, saul loeb, afp, getty images, aly song
Keywords: news, cnbc, companies, developers, receives, app, facebook, personal, information, report, analytics, data, users, health, apps, sent, wsj


Facebook receives personal health data from apps: WSJ

Facebook receives highly personal information from apps that track your health and help you find a new home, testing by The Wall Street Journal found. Facebook can receive this data from certain apps even if the user does not have a Facebook account, according to the Journal.

Facebook has already been in hot water concerning issues of consent and user data.

Most recently, a TechCrunch report revealed in January that Facebook paid users as young as teenagers to install an app that would allow the company to collect all phone and web activity. Following the report, Apple revoked some developer privileges from Facebook, saying Facebook violated its terms by distributing the app through a program meant only for employees to test apps prior to release.

The new report said Facebook is able to receive data from a variety of apps. Of more than 70 popular apps tested by the Journal, they found at least 11 apps that sent potentially sensitive information to Facebook.

The apps included the period-tracking app Flo Period & Ovulation Tracker, which reportedly shared with Facebook when users were having their periods or when they indicated they were trying to get pregnant. Real estate app Realtor reportedly sent Facebook the listing information viewed by users, and the top heart-rate app on Apple’s iOS, Instant Heart Rate: HR Monitor, sent users’ heart rates to the company, the Journal’s testing found.

The apps reportedly send the data using Facebook’s software-development kit, or SDK, which help developers integrate certain features into their apps. Facebook’s SDK includes an analytics service that helps app developers understand its users’ trends. The Journal said developers who sent sensitive information to Facebook used “custom app events” to send data like ovulation times and homes that users had marked as favorites on some apps.

A Facebook spokesperson told CNBC, “Sharing information across apps on your iPhone or Android device is how mobile advertising works and is industry standard practice. The issue is how apps use information for online advertising. We require app developers to be clear with their users about the information they are sharing with us, and we prohibit app developers from sending us sensitive data. We also take steps to detect and remove data that should not be shared with us.”

A spokesperson for Flo, the period-tracking app, said in a statement it has already started an audit on data privacy that “will cover an exhaustive spectrum of all external analytical tools, not limited to Facebook Analytics.” The spokesperson emphasized, “Facebook Analytics’ insights are utilized for internal analytics purposes only,” but said until the audit is finished, it has limited its use of external analytics programs and released iOS and Android updates that won’t send custom app events to any external analytics systems, including Facebook Analytics.

The other two app developers did not immediately return CNBC’s requests for comment.

Following the report, New York Gov. Andrew Cuomo directed the New York Department of State and Department of Financial Services to investigate Facebook for what he called an “invasion of consumer privacy” in a statement.

“New Yorkers deserve to know that their personal information is safe, and we must hold internet companies — no matter how big — responsible for upholding the law and protecting the information of smartphone users,” Cuomo said in the statement.

Facebook had also considered collecting health information in the past, when it asked major U.S. hospitals to share anonymized data about their patients, as CNBC reported in April, though Facebook said the project had not moved past the planning stage at the time.

Read the full report at The Wall Street Journal.

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Watch: Why this former insider thinks Facebook’s metrics may be misleading


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lauren feiner, saul loeb, afp, getty images, aly song
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Chinese search giant Baidu beats on advertising sales but streaming costs surge

Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi. The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure. “New growth will be driven by technological innovation


Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi. The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure. “New growth will be driven by technological innovation
Chinese search giant Baidu beats on advertising sales but streaming costs surge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: simon lim, afp, getty images
Keywords: news, cnbc, companies, chinese, online, surge, beats, business, search, baidu, core, streaming, yuan, sales, billion, advertising, iqiyi, revenue, costs, giant


Chinese search giant Baidu beats on advertising sales but streaming costs surge

Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi.

Baidu is betting its focus on streaming and new areas such as artificial intelligence (AI) will boost revenue and offset lower ad sales from real estate, finance and other sectors impacted by China’s economic slowdown.

The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure.

“We have entered a new stage for the Chinese internet,” Baidu Chief Executive Robin Li said in a conference call with analysts, warning that the market has saturated.

“New growth will be driven by technological innovation, and for our core search and news feed we continue to see a lot of room to grow.”

Baidu will begin expanding its AI capabilities, such as smart speakers and autonomous driving, to enterprise and government customers to boost profits, executives said.

The company’s key online marketing business, which includes search, news feeds and a video app and accounts for more than three quarters of the company’s revenue, grew 10 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31.

But revenue from the business rose 10 percent in the December quarter, the slowest pace in six quarters, while spending per customer slipped 4 percent.

Revenue from iQiyi, in contrast, jumped 55 percent to 7 billion yuan. Content costs however nearly doubled to 7.3 billion yuan, mostly for iQiyi, and the company expects such expenses to rise in 2019.

“We made a huge promotion around Chinese new year. So we have to consider that cost,” Chief Financial Officer Herman Yu said, referring to a campaign run in cooperation with state broadcaster CCTV.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: simon lim, afp, getty images
Keywords: news, cnbc, companies, chinese, online, surge, beats, business, search, baidu, core, streaming, yuan, sales, billion, advertising, iqiyi, revenue, costs, giant


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MWC 2019 preview: Foldable phones, 5G, AI

Samsung revealed its highly-anticipated Galaxy Fold this week, and it’s possible other companies will come out with their own foldable devices at MWC. Huawei, which has previously said it will release a foldable device this year, will host a launch event Sunday afternoon in Barcelona. The Chinese tech giant’s social media accounts have hinted a foldable device could be the main event. In addition to trying to get their hands on any foldable devices, MWC attendees will be looking at their price t


Samsung revealed its highly-anticipated Galaxy Fold this week, and it’s possible other companies will come out with their own foldable devices at MWC. Huawei, which has previously said it will release a foldable device this year, will host a launch event Sunday afternoon in Barcelona. The Chinese tech giant’s social media accounts have hinted a foldable device could be the main event. In addition to trying to get their hands on any foldable devices, MWC attendees will be looking at their price t
MWC 2019 preview: Foldable phones, 5G, AI Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: elizabeth schulze, josep lago, afp, getty images
Keywords: news, cnbc, companies, revealed, device, phones, host, preview, week, galaxy, fold, 2019, mwc, foldable, devices, 5g, phone, ai, event


MWC 2019 preview: Foldable phones, 5G, AI

Samsung revealed its highly-anticipated Galaxy Fold this week, and it’s possible other companies will come out with their own foldable devices at MWC.

Huawei, which has previously said it will release a foldable device this year, will host a launch event Sunday afternoon in Barcelona. The Chinese tech giant’s social media accounts have hinted a foldable device could be the main event.

Xiaomi, another Chinese phone maker, has already revealed a prototype of a foldable tablet that can turn into a phone. The company will also host an event on Sunday in Barcelona where it could show off the device. Earlier this week Xiaomi released its flagship Mi 9 smartphone in China.

In addition to trying to get their hands on any foldable devices, MWC attendees will be looking at their price tags. Samsung’s Galaxy Fold will cost an eye-popping $1,980, and analysts say other foldable devices could be equally expensive.

“Foldable screens will accelerate the convergence between smartphones, tablets and laptops, progressively unleashing a new form factor,” Thomas Husson, vice president and principal analyst at Forrester, told CNBC in an email.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: elizabeth schulze, josep lago, afp, getty images
Keywords: news, cnbc, companies, revealed, device, phones, host, preview, week, galaxy, fold, 2019, mwc, foldable, devices, 5g, phone, ai, event


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Venezuela’s Maduro closes border with Brazil, says Colombia crossings could be next

President Nicolas Maduro has announced the closure of Venezuela’s border crossings with Brazil, as part of a sustained bid to prevent tens of millions of dollars in humanitarian aid flowing into the country. Speaking in a televised address from the country’s largest military base in Caracas on Thursday, Maduro said the border with Brazil would be “completely and absolutely” closed until further notice. The embattled socialist leader also said Thursday he would consider an imminent shutdown of th


President Nicolas Maduro has announced the closure of Venezuela’s border crossings with Brazil, as part of a sustained bid to prevent tens of millions of dollars in humanitarian aid flowing into the country. Speaking in a televised address from the country’s largest military base in Caracas on Thursday, Maduro said the border with Brazil would be “completely and absolutely” closed until further notice. The embattled socialist leader also said Thursday he would consider an imminent shutdown of th
Venezuela’s Maduro closes border with Brazil, says Colombia crossings could be next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith, miraflores palace, handout via reuters, ivan valencia, bloomberg via getty images, luis robayo, afp, getty images
Keywords: news, cnbc, companies, humanitarian, maduro, colombia, prevent, closes, brazil, aid, leader, president, venezuelas, crossings, border, countrys


Venezuela's Maduro closes border with Brazil, says Colombia crossings could be next

President Nicolas Maduro has announced the closure of Venezuela’s border crossings with Brazil, as part of a sustained bid to prevent tens of millions of dollars in humanitarian aid flowing into the country.

Political tensions in Venezuela are reaching boiling point, with the poverty-stricken nation in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory.

Speaking in a televised address from the country’s largest military base in Caracas on Thursday, Maduro said the border with Brazil would be “completely and absolutely” closed until further notice.

The embattled socialist leader also said Thursday he would consider an imminent shutdown of the country’s border with Colombia.

“It is better to prevent than regret,” Maduro said.

The move comes less than 48 hours before an opposition-led plan to deliver aid from collection points in neighboring countries.

Brazil’s government, which recognizes opposition leader Juan Guaido as Venezuela’s rightful interim president, had pledged to assist with a delivery effort over the weekend.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith, miraflores palace, handout via reuters, ivan valencia, bloomberg via getty images, luis robayo, afp, getty images
Keywords: news, cnbc, companies, humanitarian, maduro, colombia, prevent, closes, brazil, aid, leader, president, venezuelas, crossings, border, countrys


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Trump: Amazon’s decision to pull HQ2 is ‘a big loss for New York City’

Uncharacteristically taking the same side as Amazon, President Donald Trump called the company’s decision to abandon it’s HQ2 plans in Queens “a big loss for New York City.” His perspective lines up with his own experience as a real estate magnate in New York City. Trump argued that while the New York officials “could have made a better deal” with Amazon, the company’s decision to reverse course was ultimately bad for the economy and emblematic of liberal leadership. Ocasio-Cortez, who represent


Uncharacteristically taking the same side as Amazon, President Donald Trump called the company’s decision to abandon it’s HQ2 plans in Queens “a big loss for New York City.” His perspective lines up with his own experience as a real estate magnate in New York City. Trump argued that while the New York officials “could have made a better deal” with Amazon, the company’s decision to reverse course was ultimately bad for the economy and emblematic of liberal leadership. Ocasio-Cortez, who represent
Trump: Amazon’s decision to pull HQ2 is ‘a big loss for New York City’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lauren feiner, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, trump, loss, city, hq2, decision, companys, jobs, big, pull, going, york, amazon, amazons, ocasiocortez, ultimately, deal


Trump: Amazon's decision to pull HQ2 is 'a big loss for New York City'

Uncharacteristically taking the same side as Amazon, President Donald Trump called the company’s decision to abandon it’s HQ2 plans in Queens “a big loss for New York City.”

Trump, who is known to bash Amazon and its founder and CEO Jeff Bezos, mocking him as “Jeff Bozo” in one tweet, made the case for Amazon during a press conference in the Oval Office Friday. But on Friday, Trump defended the nearly three billion in tax incentives the city and state offered Amazon for its promise of 25,000 high-paying jobs in a deal brokered by the Democratic governor and mayor.

“The three billion dollars wasn’t a check, it was a form of taxes over a period of time that now they’ll never see because they were going to take in a lot of jobs, they were going to take in a lot of taxes,” Trump said.

His perspective lines up with his own experience as a real estate magnate in New York City. Trump argued that while the New York officials “could have made a better deal” with Amazon, the company’s decision to reverse course was ultimately bad for the economy and emblematic of liberal leadership.

“It’s the kind of thinking that our country is going to on the left, on the radical left, but ultimately it’s not good for jobs and it’s not good for the economy,” Trump said.

That comment may be a hint at some of Trump’s biggest critics, like Democratic Rep. Alexandria Ocasio-Cortez, who played a key role in squandering New York’s deal with Amazon. Ocasio-Cortez, who represents an area near the Long Island City region where Amazon was planning its new office, praised the company’s retreat as a victory.

“Anything is possible:” Ocasio-Cortez tweeted the day Amazon reversed its plans, “today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world.”

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Watch: Amazon’s departure was a “big loss” for NYC, says President Trump


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lauren feiner, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, trump, loss, city, hq2, decision, companys, jobs, big, pull, going, york, amazon, amazons, ocasiocortez, ultimately, deal


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White House says US will keep 200 troops in Syria

The Trump administration, which abruptly announced in December that it was pulling out of Syria, said Thursday that it will keep 200 U.S. troops in the country for now. “A small peace keeping group of about 200 will remain in Syria for period of time,” White House press secretary Sarah Sanders said in a one-sentence statement. Sen. Lindsey Graham, R-S.C., who had harshly criticized Trump’s decision to pull U.S. forces out of Syria, applauded the president’s decision to leave a few hundred as par


The Trump administration, which abruptly announced in December that it was pulling out of Syria, said Thursday that it will keep 200 U.S. troops in the country for now. “A small peace keeping group of about 200 will remain in Syria for period of time,” White House press secretary Sarah Sanders said in a one-sentence statement. Sen. Lindsey Graham, R-S.C., who had harshly criticized Trump’s decision to pull U.S. forces out of Syria, applauded the president’s decision to leave a few hundred as par
White House says US will keep 200 troops in Syria Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: delil souleiman, afp, getty images
Keywords: news, cnbc, companies, 200, troops, house, pull, turkey, graham, white, forces, secretary, turkish, syria, small, decision


White House says US will keep 200 troops in Syria

The Trump administration, which abruptly announced in December that it was pulling out of Syria, said Thursday that it will keep 200 U.S. troops in the country for now.

“A small peace keeping group of about 200 will remain in Syria for period of time,” White House press secretary Sarah Sanders said in a one-sentence statement.

Sen. Lindsey Graham, R-S.C., who had harshly criticized Trump’s decision to pull U.S. forces out of Syria, applauded the president’s decision to leave a few hundred as part of an “international stabilizing force.”

Graham said it will ensure that Turkey will not get into a conflict with Syrian Democratic Forces, which helped the United States fight Islamic State militants. Turkey views Kurdish members of the SDF as terrorists.

Moreover, Graham said leaving a small force in Syria will serve as a check on Iranian ambitions and help ensure that IS fighters do not try to return.

“A safe zone in Syria made up of international forces is the best way to achieve our national security objectives of continuing to contain Iran, ensuring the enduring defeat of ISIS, protecting our Turkish allies, and securing the Turkish border with Syria,” Graham said.

Trump’s decision to pull 2,000 U.S. troops from Syria, which he initially said would be rapid but later slowed down, shocked U.S. allies and angered the Kurds in Syria, who are vulnerable to attack by Turkey. It also prompted the resignation of Defense Secretary Jim Mattis and drew criticism in Congress. Sen. Jack Reed, a Rhode Island Democrat, called the decision a “betrayal of our Kurdish partners.”


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: delil souleiman, afp, getty images
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Iran starts Gulf war games, to test submarine-launched missiles

Iran on Friday began large-scale naval drills at the mouth of the Gulf, which will feature its first submarine cruise missile launches, state media reported, at a time of rising tensions with the United States. More than 100 vessels were taking part in the three-day war games in a vast area stretching from the Strait of Hormuz to the Indian Ocean, the state news agency IRNA reported. “The exercise will cover confronting a range of threats, testing weapons, and evaluating the readiness of equipme


Iran on Friday began large-scale naval drills at the mouth of the Gulf, which will feature its first submarine cruise missile launches, state media reported, at a time of rising tensions with the United States. More than 100 vessels were taking part in the three-day war games in a vast area stretching from the Strait of Hormuz to the Indian Ocean, the state news agency IRNA reported. “The exercise will cover confronting a range of threats, testing weapons, and evaluating the readiness of equipme
Iran starts Gulf war games, to test submarine-launched missiles Cached Page below :
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Iran starts Gulf war games, to test submarine-launched missiles

Iran on Friday began large-scale naval drills at the mouth of the Gulf, which will feature its first submarine cruise missile launches, state media reported, at a time of rising tensions with the United States.

More than 100 vessels were taking part in the three-day war games in a vast area stretching from the Strait of Hormuz to the Indian Ocean, the state news agency IRNA reported.

“The exercise will cover confronting a range of threats, testing weapons, and evaluating the readiness of equipment and personnel,” navy commander Rear Admiral Hossein Khanzadi, said in remarks carried by state television.

“Submarine missile launches will be carried out … in addition to helicopter and drone launches from the deck of the Sahand destroyer,” Khanzadi said.

State media said Iran would be testing its new domestically built Fateh (Conqueror) submarine which is armed with cruise missiles and was launched last week.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: stringer, afp, getty images
Keywords: news, cnbc, companies, missiles, iran, gulf, starts, war, submarinelaunched, state, launches, test, testing, khanzadi, cruise, carried, missile, games, media, submarine


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Japanese space probe touches down on asteroid to collect samples

A Japanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km (186 million miles) from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday. The spacecraft’s landing on the asteroid Ryugu, just 900 metres (3,000 feet) in diameter, came after an initial attempt in October was delayed because it was difficult to pick a landing spot on the asteroid’s rocky surface. It is the second Japanese spacecraft to


A Japanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km (186 million miles) from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday. The spacecraft’s landing on the asteroid Ryugu, just 900 metres (3,000 feet) in diameter, came after an initial attempt in October was delayed because it was difficult to pick a landing spot on the asteroid’s rocky surface. It is the second Japanese spacecraft to
Japanese space probe touches down on asteroid to collect samples Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: jiji press, afp, getty images
Keywords: news, cnbc, companies, space, collect, asteroid, samples, earth, touched, japanese, spacecraft, scientists, bring, hayabusa, ryugu, probe, touches, landing


Japanese space probe touches down on asteroid to collect samples

A Japanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km (186 million miles) from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday.

The spacecraft’s landing on the asteroid Ryugu, just 900 metres (3,000 feet) in diameter, came after an initial attempt in October was delayed because it was difficult to pick a landing spot on the asteroid’s rocky surface.

The Japan Aerospace Exploration Agency, or JAXA, said on Friday Hayabusa 2 fired a small projectile into the surface of Ryugu to collect particles scientists hope the spacecraft will bring back to Earth for analysis.

“We may have caused some worry due to the delay but we carried out our plan flawlessly over the past four months to bring it to a successful landing,” project manager Yuichi Tsuda told a news conference.

“It landed in the best circumstances among the scenarios we envisioned,” he said.

It is the second Japanese spacecraft to land on an asteroid after Hayabusa touched down on a near-Earth asteroid named Itokawa in 2005. It was the first to bring asteroid dust back to Earth, although not as much as hoped.

Asteroids are believed to have formed at the dawn of the solar system and scientists say Ryugu may contain organic matter that may have contributed to life on Earth.

JAXA’s plan is for Hayabusa 2 to lift off Ryugu and touch back down up to three times. It blasted off in December 2014 and is scheduled to return to Earth at the end of 2020.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: jiji press, afp, getty images
Keywords: news, cnbc, companies, space, collect, asteroid, samples, earth, touched, japanese, spacecraft, scientists, bring, hayabusa, ryugu, probe, touches, landing


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Despite the market comeback this year, traders worry an earnings decline will kill the bull market

We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the year before. As earnings recessions go, this one so far is pretty modest: It looks more like flat earnings growth after a torrential two-year run. But does a modest decline in


We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the year before. As earnings recessions go, this one so far is pretty modest: It looks more like flat earnings growth after a torrential two-year run. But does a modest decline in
Despite the market comeback this year, traders worry an earnings decline will kill the bull market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: bob pisani, drew angerer, getty images, bryan r smith, afp, source, david a grogan, vcg, fred dufour, mark neuling
Keywords: news, cnbc, companies, worry, modest, does, expected, despite, sp, earnings, growth, bull, market, traders, kill, decline, far, comeback


Despite the market comeback this year, traders worry an earnings decline will kill the bull market

We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over.

If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the year before.

First-quarter earnings are expected to decline by 0.7 percent, according to Refinitiv, and second quarter earnings are expected to be up a measly 3.4 percent and seem vulnerable to further downward revisions.

As earnings recessions go, this one so far is pretty modest: It looks more like flat earnings growth after a torrential two-year run.

Regardless, last year’s 6.2 percent decline in the S&P 500 is being hailed as proof that the market has sniffed out an imminent drop in earnings. This news is being greeted with the usual round of hand-wringing from analysts and strategists, many of whom are predicting little if any upward movement in stocks this year. Especially after a 10 percent snap back in the market so far this year.

But does a modest decline in markets invariably mean earnings are going to plummet? It does not.

Let’s be clear, it’s not good news. The last time this happened, in 2015 and 2016, the S&P was indeed down for 2015, though by only a modest 0.7 percent.

After earnings growth north of 20 percent in 2018, what’s behind the slowdown?


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: bob pisani, drew angerer, getty images, bryan r smith, afp, source, david a grogan, vcg, fred dufour, mark neuling
Keywords: news, cnbc, companies, worry, modest, does, expected, despite, sp, earnings, growth, bull, market, traders, kill, decline, far, comeback


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