All signs point to more money pouring into Chinese markets this year

A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets. “Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report. While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get i


A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets. “Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report. While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get i
All signs point to more money pouring into Chinese markets this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: kelly olsen, datacraft, getty images
Keywords: news, cnbc, companies, increase, financial, investors, likely, chinese, signs, indexes, index, point, pouring, yuandenominated, money, msci, markets


All signs point to more money pouring into Chinese markets this year

A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets.

China’s bond and stock markets experienced inflows of $120 billion last year and that amount could reach $200 billion this year, boosted by the inclusion of Chinese assets in benchmark indexes, according to a report by Citi.

“Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report.

While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get in as opportunities increase.

Chinese A-shares — or yuan-denominated stocks traded on the mainland — were included in the MSCI Emerging Markets Index for the first time last year, allowing investors to access the Chinese equity market more easily. Now, MSCI is considering whether to further increase the weighting of A-shares in its indexes, and could announce its decision by the end of this month.

Meanwhile, financial information firm Bloomberg announced in January that yuan-denominated Chinese government and policy bank securities will soon be included in its bond benchmark — the Bloomberg Barclays Global Aggregate Index.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: kelly olsen, datacraft, getty images
Keywords: news, cnbc, companies, increase, financial, investors, likely, chinese, signs, indexes, index, point, pouring, yuandenominated, money, msci, markets


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A big change in accounting will put $3 trillion in liabilities on corporate balance sheets

A new corporate accounting rule is about to pull an estimated $3 trillion out of the shadows. The change, by the Financial Accounting Standards Board, is supposed to make it easier for investors to evaluate a company’s financial obligations. U.S. public companies are committed to a total of $3 trillion in operating leases, according to International Accounting Standards Board. Analysts and sophisticated investors hadn’t really ignored the large amounts of lease obligations when calculating debt


A new corporate accounting rule is about to pull an estimated $3 trillion out of the shadows. The change, by the Financial Accounting Standards Board, is supposed to make it easier for investors to evaluate a company’s financial obligations. U.S. public companies are committed to a total of $3 trillion in operating leases, according to International Accounting Standards Board. Analysts and sophisticated investors hadn’t really ignored the large amounts of lease obligations when calculating debt
A big change in accounting will put $3 trillion in liabilities on corporate balance sheets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: yun li, vikza, getty images
Keywords: news, cnbc, companies, sheets, big, balance, accounting, companies, look, debt, leases, lease, used, trillion, financial, ratios, liabilities, corporate, change


A big change in accounting will put $3 trillion in liabilities on corporate balance sheets

A new corporate accounting rule is about to pull an estimated $3 trillion out of the shadows.

Starting this year, companies are required to record the cost of renting assets used in their operations, such as office space, equipment, planes and cars, on their balance sheets rather than bury that expense in the footnotes of their financial statements, thanks to a new accounting standard now in effect.

The result will be trillions of dollars added to liabilities on their books. Until now, only leases that led to the purchase of the asset were accounted for in this manner. The change, by the Financial Accounting Standards Board, is supposed to make it easier for investors to evaluate a company’s financial obligations.

Sheri Wyatt, a partner at accounting firm PricewaterhouseCoopers, said “It’s going to affect all companies’ leverage. They will have more liabilities on their books than they had previously.”

Morgan Stanley expects the consumer discretionary sector to experience the largest increase in debt because of this change, and it estimates the leverage ratio for the retail sector to grow to 3.4 times from 1.2 times.

U.S. public companies are committed to a total of $3 trillion in operating leases, according to International Accounting Standards Board. Companies with large amounts of operating leases include retailers and restaurants that lease properties and airlines and shipping companies that lease airplanes, cars and ships.

It may force investors, including quantitative funds, to change the way they measure certain financial criteria they use in making their investment decisions. Leverage — measured in the ratios of debt to earnings or debt to equity — is a fundamental number used when evaluating a company’s risk.

Analysts and sophisticated investors hadn’t really ignored the large amounts of lease obligations when calculating debt ratios. For many years, they have been capitalizing leases by multiplying the annual rent expense by 8 times to get the estimated value of the remaining lease payments. However, the numbers companies now have to put on their balance sheets may look very different than those estimates.

“I do think people will have to adapt to new metrics – and they may be surprised. The liabilities and assets that companies report may look very different from the ad hoc estimates that people have used in the past,” Todd Castagno, equity strategist at Morgan Stanley, told CNBC.

“Those very common metrics that people look at to value equities, to look at performance, to screen for high quality stocks, all those ratios are going to change,” Castagno said.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: yun li, vikza, getty images
Keywords: news, cnbc, companies, sheets, big, balance, accounting, companies, look, debt, leases, lease, used, trillion, financial, ratios, liabilities, corporate, change


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7 out of 10 people think they’ll be better off financially next year

More people are feeling optimistic about their own finances, according to Gallup. In a recent poll, nearly 7 out of 10 participants said they expected to be “better off” financially by this time next year. Half of respondents say they are in better financial shape than a year ago. This is the first time since 2007 that at least half of the public has reported a generally positive state of current finances, according to the analytics company. Lydia Saad, director of U.S. Social Research for Gallu


More people are feeling optimistic about their own finances, according to Gallup. In a recent poll, nearly 7 out of 10 participants said they expected to be “better off” financially by this time next year. Half of respondents say they are in better financial shape than a year ago. This is the first time since 2007 that at least half of the public has reported a generally positive state of current finances, according to the analytics company. Lydia Saad, director of U.S. Social Research for Gallu
7 out of 10 people think they’ll be better off financially next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jessica bursztynsky, tara moore, getty images, -lydia saad, director of us social research for gallup
Keywords: news, cnbc, companies, finances, think, surveyed, social, financial, financially, better, half, state, unemployment, theyll, gallup, according


7 out of 10 people think they'll be better off financially next year

More people are feeling optimistic about their own finances, according to Gallup.

In a recent poll, nearly 7 out of 10 participants said they expected to be “better off” financially by this time next year. The company surveyed 1,017 U.S. adults by phone in January.

This level of optimism hasn’t been seen in 16 years, according to Gallup. Half of respondents say they are in better financial shape than a year ago.

This is the first time since 2007 that at least half of the public has reported a generally positive state of current finances, according to the analytics company.

Lydia Saad, director of U.S. Social Research for Gallup, said Americans’ financial confidence follows national economic conditions — good GDP growth, and low unemployment and inflation.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: jessica bursztynsky, tara moore, getty images, -lydia saad, director of us social research for gallup
Keywords: news, cnbc, companies, finances, think, surveyed, social, financial, financially, better, half, state, unemployment, theyll, gallup, according


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CEO of Australia’s largest telco weighs in on profit decline

Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday. Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning. Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-comp


Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday. Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning. Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-comp
CEO of Australia’s largest telco weighs in on profit decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, weighs, largest, telstra, customers, telco, 5g, results, internet, essentially, company, decline, ceo, network, profit, australias, penn, financial


CEO of Australia's largest telco weighs in on profit decline

Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday.

Mobile is the “engine room” of Telstra’s business and it will be a critical part of the future, Andrew Penn told CNBC’s “Street Signs.”

“We have had more than 200 sites rolled out on 5G now,” he said. “We’ll be one of the first global operators to actually put 5G in the hands of our customers in the coming months when handsets are available.”

Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning.

Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-completed fiber network, which is owned by the government. Essentially, Telstra has to pay before it can connect to that network to provide broadband internet to its customers.

“We have a structural change in the industry where, essentially, a significant proportion of our business is being aggressively transferred to this new entity,” Penn said, adding that it “basically takes away about a third-to-half of our earnings in a lot of our activity.”


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, weighs, largest, telstra, customers, telco, 5g, results, internet, essentially, company, decline, ceo, network, profit, australias, penn, financial


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CEO of Australia’s largest telco weighs in on profit decline

Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday. Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning. Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-comp


Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday. Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning. Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-comp
CEO of Australia’s largest telco weighs in on profit decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, weighs, largest, telstra, customers, telco, 5g, results, internet, essentially, company, decline, ceo, network, profit, australias, penn, financial


CEO of Australia's largest telco weighs in on profit decline

Australia’s largest telecom company Telstra will soon be ready to give customers the next-generation of ultra-high speed mobile internet, known as 5G, its CEO said on Thursday.

Mobile is the “engine room” of Telstra’s business and it will be a critical part of the future, Andrew Penn told CNBC’s “Street Signs.”

“We have had more than 200 sites rolled out on 5G now,” he said. “We’ll be one of the first global operators to actually put 5G in the hands of our customers in the coming months when handsets are available.”

Penn’s remarks came after Telstra released its half year results for financial year 2019 on Thursday morning.

Net profit after tax was down 27.4 percent on-year to 1.2 billion Australian dollars (approximately $854 million) in line with expectations. The company said its financial results were affected by a partially-completed fiber network, which is owned by the government. Essentially, Telstra has to pay before it can connect to that network to provide broadband internet to its customers.

“We have a structural change in the industry where, essentially, a significant proportion of our business is being aggressively transferred to this new entity,” Penn said, adding that it “basically takes away about a third-to-half of our earnings in a lot of our activity.”


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, weighs, largest, telstra, customers, telco, 5g, results, internet, essentially, company, decline, ceo, network, profit, australias, penn, financial


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Ant Financial agrees to buy UK-based currency exchange WorldFirst

Chinese consumer finance giant Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, an Ant Financial spokeswoman said on Thursday. WorldFirst CEO Jonathan Quin said in a letter sent out to clients that was seen by Reuters that the company “will continue to operate as a UK-headquartered and regulated business with global operations” while becoming a wholly-owned division of Ant Financial. Ant Financial declined to disclose the terms of the purchase. Ant Financial is an affil


Chinese consumer finance giant Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, an Ant Financial spokeswoman said on Thursday. WorldFirst CEO Jonathan Quin said in a letter sent out to clients that was seen by Reuters that the company “will continue to operate as a UK-headquartered and regulated business with global operations” while becoming a wholly-owned division of Ant Financial. Ant Financial declined to disclose the terms of the purchase. Ant Financial is an affil
Ant Financial agrees to buy UK-based currency exchange WorldFirst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14
Keywords: news, cnbc, companies, ant, ukbased, agrees, spokeswoman, thursdayworldfirst, ukheadquartered, worldfirst, financial, whollyowned, terms, buy, exchange, company, currency


Ant Financial agrees to buy UK-based currency exchange WorldFirst

Chinese consumer finance giant Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, an Ant Financial spokeswoman said on Thursday.

WorldFirst CEO Jonathan Quin said in a letter sent out to clients that was seen by Reuters that the company “will continue to operate as a UK-headquartered and regulated business with global operations” while becoming a wholly-owned division of Ant Financial.

Ant Financial declined to disclose the terms of the purchase.

Ant Financial is an affiliate of Alibaba, China’s largest e-commerce company.


Company: cnbc, Activity: cnbc, Date: 2019-02-14
Keywords: news, cnbc, companies, ant, ukbased, agrees, spokeswoman, thursdayworldfirst, ukheadquartered, worldfirst, financial, whollyowned, terms, buy, exchange, company, currency


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Santander’s shock bond move is controversial but not contagious, analysts say

These bonds are slightly riskier than a normal corporate bond as they convert into equity when the buffer levels of a bank fall below a certain ratio. Thus they make the holder lose cash in times of financial stress but can help keep a bank steady at the same time. In the aftermath of the 2008 financial crisis, the Bank of International Settlements — known as the central bank of central banks — made it necessary for banks to hold CoCo bonds, which are officially called additional tier 1 (AT1) ca


These bonds are slightly riskier than a normal corporate bond as they convert into equity when the buffer levels of a bank fall below a certain ratio. Thus they make the holder lose cash in times of financial stress but can help keep a bank steady at the same time. In the aftermath of the 2008 financial crisis, the Bank of International Settlements — known as the central bank of central banks — made it necessary for banks to hold CoCo bonds, which are officially called additional tier 1 (AT1) ca
Santander’s shock bond move is controversial but not contagious, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: spriha srivastava, scott mlyn, ralph orlowski, getty images
Keywords: news, cnbc, companies, bonds, banks, financial, analysts, crisis, option, central, known, bank, say, bond, shock, contagious, maturity, controversial, santanders, coco


Santander's shock bond move is controversial but not contagious, analysts say

These bonds are slightly riskier than a normal corporate bond as they convert into equity when the buffer levels of a bank fall below a certain ratio. Thus they make the holder lose cash in times of financial stress but can help keep a bank steady at the same time.

In the aftermath of the 2008 financial crisis, the Bank of International Settlements — known as the central bank of central banks — made it necessary for banks to hold CoCo bonds, which are officially called additional tier 1 (AT1) capital. They have what’s known as a “perpetual maturity.” This means that they don’t have to be repaid but they come with a call option — or an option for the issuer to repay the investor before the end of the maturity date.

Banks generally exercise this option to send a message to the markets that their liquidity position is strong enough to deal with a crisis situation. Santander’s decision this week may have brought back memories of when Deutsche Bank decided not to call a CoCo during the 2008 crash.

According to data from research firm Refinitiv, about $13.5 billion worth of CoCos are redeemable this year. Of this, $8.4 billion are from European banks.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: spriha srivastava, scott mlyn, ralph orlowski, getty images
Keywords: news, cnbc, companies, bonds, banks, financial, analysts, crisis, option, central, known, bank, say, bond, shock, contagious, maturity, controversial, santanders, coco


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40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest


More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest
40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, surveymonkey, acorns, investing, survey, trump, 2018, financial, warren, think, report, advice, money, americans, 40, investment, buffetts


40% of Americans want Warren Buffett's investment advice. Trump? Not so much: Survey

Americans want help from Warren Buffett.

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report.

Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion.

The report also found that 32 percent thought Oprah Winfrey is the best choice to discuss their finances. Just 17 percent think President Donald Trump should be their go-to guy.

Just 5 percent of people want financial wisdom from Jay-Z or Facebook Chief Operating Officer Sheryl Sandberg, despite their success.

So what is Buffett’s advice? “[I]n 10 or 20 or 30 years, I think stocks will be a lot higher than they are now,” Buffett has said. “If you buy them over time, you basically can’t lose.”

Still, many Americans are delaying investing until their financial situation improves, the Acorns report found

“There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said.

Half of respondents didn’t invest any money in 2018, while 80 percent of those who did put less than $5,000 in the market.

Acorns commissioned SurveyMonkey to conduct the research.The survey was not directed at Acorns customers. SurveyMonkey interviewed 3,403 people in November.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, surveymonkey, acorns, investing, survey, trump, 2018, financial, warren, think, report, advice, money, americans, 40, investment, buffetts


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Access Denied

ACCESS TO THIS WEBSITE IS DENIEDWHY ACCESS IS DENIED:The site you have chosen has been categorized as: Financial Services


ACCESS TO THIS WEBSITE IS DENIEDWHY ACCESS IS DENIED:The site you have chosen has been categorized as: Financial Services
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Keywords: news, cnbc, companies, services, website, deniedwhy, deniedthe, categorized, access, chosen, site, denied, financial


ACCESS TO THIS WEBSITE IS DENIED

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Access Denied

ACCESS TO THIS WEBSITE IS DENIEDWHY ACCESS IS DENIED:The site you have chosen has been categorized as: Financial Services


ACCESS TO THIS WEBSITE IS DENIEDWHY ACCESS IS DENIED:The site you have chosen has been categorized as: Financial Services
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ACCESS TO THIS WEBSITE IS DENIED

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