Credit Suisse Asian Investment Conference

4 Hours AgoThe closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.


4 Hours AgoThe closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.
Credit Suisse Asian Investment Conference Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: daniel acker, bloomberg, getty images, anthony kwan, graham crouch, jerome favre, stefano rellandini, fred dufour, afp, carolyn kaster
Keywords: news, cnbc, companies, conference, plan, malthouse, suisse, investment, asian, garthwaite, issue, uk, irish, socalled, leaving, nodeal, hours, credit


Credit Suisse Asian Investment Conference

4 Hours Ago

The closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: daniel acker, bloomberg, getty images, anthony kwan, graham crouch, jerome favre, stefano rellandini, fred dufour, afp, carolyn kaster
Keywords: news, cnbc, companies, conference, plan, malthouse, suisse, investment, asian, garthwaite, issue, uk, irish, socalled, leaving, nodeal, hours, credit


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

UBS CEO says this is one of the worst first-quarter environments in history

Swiss bank UBS is cutting an extra $300 million from 2019 costs after investment banking revenues plunged and wealth management remained under pressure in the first quarter, its chief executive told a conference in London on Wednesday. Calling investment banking conditions among the toughest seen in years, especially outside the United States, Sergio Ermotti said investment banking revenues were down about a third compared to the euphoric first quarter that kicked off 2018. “We’ve seen some impr


Swiss bank UBS is cutting an extra $300 million from 2019 costs after investment banking revenues plunged and wealth management remained under pressure in the first quarter, its chief executive told a conference in London on Wednesday. Calling investment banking conditions among the toughest seen in years, especially outside the United States, Sergio Ermotti said investment banking revenues were down about a third compared to the euphoric first quarter that kicked off 2018. “We’ve seen some impr
UBS CEO says this is one of the worst first-quarter environments in history Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: michael buholzer, afp, getty images
Keywords: news, cnbc, companies, investment, wealth, quarter, banking, environments, bank, firstquarter, ceo, compared, history, ubs, seen, worst, wednesdaycalling, revenues


UBS CEO says this is one of the worst first-quarter environments in history

Swiss bank UBS is cutting an extra $300 million from 2019 costs after investment banking revenues plunged and wealth management remained under pressure in the first quarter, its chief executive told a conference in London on Wednesday.

Calling investment banking conditions among the toughest seen in years, especially outside the United States, Sergio Ermotti said investment banking revenues were down about a third compared to the euphoric first quarter that kicked off 2018.

“We’ve seen some improvement lately but it remains patchy, and not enough to offset the challenging start to the year,” he said. The investment bank now expects to achieve mid-single-digit adjusted returns on attributed equity for the first quarter, compared to its 15 percent target over the 2019-2021 period and 12.9 percent achieved in 2018.

“While clearly not in line with our long-term aspirations, I find it to be an acceptable outcome if it is a one-off in one of the worst first-quarter environments in recent history.”


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: michael buholzer, afp, getty images
Keywords: news, cnbc, companies, investment, wealth, quarter, banking, environments, bank, firstquarter, ceo, compared, history, ubs, seen, worst, wednesdaycalling, revenues


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

What Indonesia’s e-commerce unicorn says it’s going to do with $1.1 billion in cash investment

Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to grow its core businesses and make the company “stronger” and more “robust,” according to its associate vice president of financial technology, Samuel Sentana. Tokopedia secured $1.1 billion from SoftBank’s Vision Fund and Chinese e-commerce giant Alibaba in December last year, raising the Indonesian unicorn’s valuation to $7 billion as of January. A unicorn is a start-up valued at more than $1


Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to grow its core businesses and make the company “stronger” and more “robust,” according to its associate vice president of financial technology, Samuel Sentana. Tokopedia secured $1.1 billion from SoftBank’s Vision Fund and Chinese e-commerce giant Alibaba in December last year, raising the Indonesian unicorn’s valuation to $7 billion as of January. A unicorn is a start-up valued at more than $1
What Indonesia’s e-commerce unicorn says it’s going to do with $1.1 billion in cash investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: shirley tay, dimas ardian, bloomberg, getty images
Keywords: news, cnbc, companies, money, investment, grow, stronger, indonesias, financial, cash, technology, 11, robust, ecommerce, billion, sentana, secured, going, unicorn, indonesian


What Indonesia's e-commerce unicorn says it's going to do with $1.1 billion in cash investment

Indonesian e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to grow its core businesses and make the company “stronger” and more “robust,” according to its associate vice president of financial technology, Samuel Sentana.

Tokopedia secured $1.1 billion from SoftBank’s Vision Fund and Chinese e-commerce giant Alibaba in December last year, raising the Indonesian unicorn’s valuation to $7 billion as of January. A unicorn is a start-up valued at more than $1 billion.

Speaking to CNBC’s “Street Signs Asia” at the Money 20/20 conference in Singapore on Tuesday, Sentana said the money will be used to grow its four key businesses: financial technology and payment; logistics; online-to-offline commerce; and the marketplace and digital business.

“That $1.1 billion is going to be funded into these four core business to make the ecosystem even more stronger and robust, so that everybody can start to buy and sell everything, and can discover everything,” Sentana said.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: shirley tay, dimas ardian, bloomberg, getty images
Keywords: news, cnbc, companies, money, investment, grow, stronger, indonesias, financial, cash, technology, 11, robust, ecommerce, billion, sentana, secured, going, unicorn, indonesian


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Golden Gate Ventures and South Korea’s Hanwha planning a Southeast Asia investment fund

Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia. Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far. Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an e


Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia. Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far. Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an e
Golden Gate Ventures and South Korea’s Hanwha planning a Southeast Asia investment fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: saheli roy choudhury, bryan van der beek, bloomberg, getty images
Keywords: news, cnbc, companies, gap, investment, southeast, planning, koreas, ventures, golden, gate, asset, south, startups, fund, funds, series, hanwha


Golden Gate Ventures and South Korea's Hanwha planning a Southeast Asia investment fund

Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia.

The firms are looking to raise around $200 million in funds and already have about $80 million worth of commitments from investors, according to a source familiar with the matter.

Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far.

In a press release, however, the companies said investments will focus on start-ups that are raising funds in the so-called Series B round — at that stage, start-ups have moved past the early development phase, achieved a few important initial milestones, and are looking for financing to grow their businesses to meet user demands.

Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an early-stage venture capital fund in the region.

“Just like there was a Seed-stage gap in 2013 that closed by 2015, then a Series A gap in 2015 that closed by 2017, now there’s a Series B gap that started in 2018,” Vinnie Lauria, a founding partner at Golden Gate Ventures, told CNBC by email.

Seed and Series A refer to early-stage fundraising efforts from new start-ups.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: saheli roy choudhury, bryan van der beek, bloomberg, getty images
Keywords: news, cnbc, companies, gap, investment, southeast, planning, koreas, ventures, golden, gate, asset, south, startups, fund, funds, series, hanwha


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Golden Gate Ventures and South Korea’s Hanwha planning a Southeast Asia investment fund

Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia. Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far. Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an e


Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia. Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far. Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an e
Golden Gate Ventures and South Korea’s Hanwha planning a Southeast Asia investment fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: saheli roy choudhury, bryan van der beek, bloomberg, getty images
Keywords: news, cnbc, companies, gap, investment, southeast, planning, koreas, ventures, golden, gate, asset, south, startups, fund, funds, series, hanwha


Golden Gate Ventures and South Korea's Hanwha planning a Southeast Asia investment fund

Singapore-based Golden Gate Ventures said Tuesday it is teaming up with South Korean asset manager Hanwha Asset Management to invest in technology start-ups in Southeast Asia.

The firms are looking to raise around $200 million in funds and already have about $80 million worth of commitments from investors, according to a source familiar with the matter.

Both Golden Gate Ventures and Hanwha Asset Management declined to comment on the goal for the fund’s size or on how much had been committed so far.

In a press release, however, the companies said investments will focus on start-ups that are raising funds in the so-called Series B round — at that stage, start-ups have moved past the early development phase, achieved a few important initial milestones, and are looking for financing to grow their businesses to meet user demands.

Start-ups in Southeast Asia receive fewer investments during Series B funding than their counterparts in the U.K. and the United States, according to Golden Gate Ventures, an early-stage venture capital fund in the region.

“Just like there was a Seed-stage gap in 2013 that closed by 2015, then a Series A gap in 2015 that closed by 2017, now there’s a Series B gap that started in 2018,” Vinnie Lauria, a founding partner at Golden Gate Ventures, told CNBC by email.

Seed and Series A refer to early-stage fundraising efforts from new start-ups.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: saheli roy choudhury, bryan van der beek, bloomberg, getty images
Keywords: news, cnbc, companies, gap, investment, southeast, planning, koreas, ventures, golden, gate, asset, south, startups, fund, funds, series, hanwha


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China’s industrial output grew at the slowest rate in 17 years

China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday. But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected. Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain. Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent


China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday. But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected. Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain. Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent
China’s industrial output grew at the slowest rate in 17 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: afp, getty images
Keywords: news, cnbc, companies, grew, investment, slowest, rose, expected, rate, sales, data, growth, rise, output, industrial, chinas, 17


China's industrial output grew at the slowest rate in 17 years

China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday.

But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected.

Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain.

Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent in 2018.

Private-sector fixed-asset investment, which accounts for about 60 percent of overall investment in China, rose 7.5 percent in the same period, compared with an 8.7 percent rise in 2018, data from the National Bureau of Statistics showed.

Retail sales had been expected to rise 8.1 percent, easing marginally from December’s 8.2 percent pace.

China combines January and February activity data in an attempt to smooth distortions created by the long Lunar New Year holidays early each year, but some analysts say a clearer picture of the economy may not emerge first-quarter data is released in April.

China’s economic growth cooled to 6.6 percent last year, the slowest in nearly three decades, and it is expected to lose more momentum in the next few months.

Beijing is rolling out more support measures to avert a sharper slowdown, but many analysts do not expect activity to convincingly bottom out until summer.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: afp, getty images
Keywords: news, cnbc, companies, grew, investment, slowest, rose, expected, rate, sales, data, growth, rise, output, industrial, chinas, 17


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Brexit is an ‘unmitigated disaster’ that has damaged UK investment, former Barclays chair says

Brexit has shattered the U.K.’s image as a place for investment, the former chairman of one of the country’s biggest banks said Monday. A second referendum on whether the U.K. should leave the EU may be inevitable, Gerald Grimstone, who served as chairman of Barclays, warned ahead of crucial Parliament votes this week on Prime Minister Theresa May’s Brexit deal. “Brexit is completely unpredictable for the U.K. … I think it’s been an unmitigated disaster for the U.K., and in the short term, it’


Brexit has shattered the U.K.’s image as a place for investment, the former chairman of one of the country’s biggest banks said Monday. A second referendum on whether the U.K. should leave the EU may be inevitable, Gerald Grimstone, who served as chairman of Barclays, warned ahead of crucial Parliament votes this week on Prime Minister Theresa May’s Brexit deal. “Brexit is completely unpredictable for the U.K. … I think it’s been an unmitigated disaster for the U.K., and in the short term, it’
Brexit is an ‘unmitigated disaster’ that has damaged UK investment, former Barclays chair says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: natasha turak
Keywords: news, cnbc, companies, votes, disaster, unpredictable, week, barclays, uk, damaged, grimstone, investment, way, brexit, warned, chair, chairman, wordsbrexit, unmitigated


Brexit is an 'unmitigated disaster' that has damaged UK investment, former Barclays chair says

Brexit has shattered the U.K.’s image as a place for investment, the former chairman of one of the country’s biggest banks said Monday.

A second referendum on whether the U.K. should leave the EU may be inevitable, Gerald Grimstone, who served as chairman of Barclays, warned ahead of crucial Parliament votes this week on Prime Minister Theresa May’s Brexit deal. And he didn’t mince his words.

“Brexit is completely unpredictable for the U.K. … I think it’s been an unmitigated disaster for the U.K., and in the short term, it’s made the U.K. almost uninvestable,” Grimstone told CNBC’s Dan Murphy at the Global Financial Forum in Dubai Monday. “We have two contrasting scenarios before us, and nobody knows which way we’re going to go.”


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: natasha turak
Keywords: news, cnbc, companies, votes, disaster, unpredictable, week, barclays, uk, damaged, grimstone, investment, way, brexit, warned, chair, chairman, wordsbrexit, unmitigated


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump’s 2020 budget proposal promises paid parental leave, $1 billion childcare investment

The linchpin of the budget’s childcare proposal, as described within the document, is “a one-time, mandatory investment of $1 billion for a competitive fund aimed at supporting underserved populations and stimulating employer investments in child care for working families.” This requirement isn’t meant to alter things like child-to-caregiver ratios, but instead relax things such as zoning requirements that prevent child care centers in residential districts. Trump’s budget also pledged to provid


The linchpin of the budget’s childcare proposal, as described within the document, is “a one-time, mandatory investment of $1 billion for a competitive fund aimed at supporting underserved populations and stimulating employer investments in child care for working families.” This requirement isn’t meant to alter things like child-to-caregiver ratios, but instead relax things such as zoning requirements that prevent child care centers in residential districts. Trump’s budget also pledged to provid
Trump’s 2020 budget proposal promises paid parental leave, $1 billion childcare investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: kerri anne renzulli, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, states, parents, billion, child, care, promises, trumps, leave, childcare, budget, parental, investment, proposal, paid


Trump's 2020 budget proposal promises paid parental leave, $1 billion childcare investment

Despite sharp spending cuts to domestic programs like education and environmental protection, President Donald Trump’s 2020 budget proposal, which he sent to Congress on March 11, calls for a sizable sum to be spent improving the availability and affordability of child care.

Trump’s record $4.75 trillion budget request, the largest in federal history, contains increased military spending, an additional $8.6 billion for construction of a border wall with Mexico, as well as $1 billion devoted to expanding childcare access.

The focus on childcare appears to be driven by his daughter and White House senior adviser Ivanka Trump, who held a West Wing listening session at the end of last month where she shared some details of the child care proposal outlined in this budget, according to NPR.

By including the measure, the White House is signaling that it wants in on political debates currently happening around an issue that costs families in 28 states more than a year of college tuition, according to Child Care Aware.

The linchpin of the budget’s childcare proposal, as described within the document, is “a one-time, mandatory investment of $1 billion for a competitive fund aimed at supporting underserved populations and stimulating employer investments in child care for working families.”

Under this plan, states apply for a share of that $1 billion pot and use the money to encourage employers to invest in child care, to support child care providers that operate during non-traditional hours, or provide child care support for parents enrolled in school.

To be successful, states would have to “establish targets for reducing unnecessary regulatory or other requirements that limit the supply or increase the cost of child care,” according to NPR. This requirement isn’t meant to alter things like child-to-caregiver ratios, but instead relax things such as zoning requirements that prevent child care centers in residential districts.

The project would be handled through the Child Care and Development Block Grant program, which Trump allotted $5.3 billion to for fiscal year 2020, or the same amount that Congress set aside in 2019. The $1 billion one-time fund be in additional to this sum.

Trump’s budget also pledged to provide paid parental leave to working parents, which would be another way the government could help parents offset some of the financial burden of childcare.

Listed as part of Trump’s plans for the Department of Labor, the funding of which he wants cut by $1.2 billion, or 9.7 percent, for 2020, is a proposal to give new mothers, fathers and adoptive parents paid family leave so that they can bond with their new child and recover from childbirth.

Despite the President’s backing of the idea, the federal government won’t play a role in shaping the details of such a policy, instead the budget says it will be up to the states to “establish paid parental leave programs in a way that is most appropriate for their workforce and economy.”

There is no mention of a set sum devoted to such goal or a fund, like with the childcare proposal, that states could apply for in order to create such programs.

Of course, while several Congress members share a desire for paid parental leave and more affordable child care, Trump’s “Budget for a Better America” is unlikely to pass the legislative body in its current form. Most presidential budgets are seen as policy statements and frequently ignored by Congress. Even when Republicans controlled both chambers, Trump’s failed to gain traction.

Already Democrat leaders in both the House and Senate have called Trump’s budget a “nonstarter,” thanks to its provision for border wall funding, increased military spending, cuts to Medicare, Medicaid and Social Security, and drastically reduced budgets for the Environmental Protection Agency, State Department, Transportation Department and Department of the Interior.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Childcare can cost more than a mortgage payment in 35 states—here are the 10 where it’s most expensive


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: kerri anne renzulli, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, states, parents, billion, child, care, promises, trumps, leave, childcare, budget, parental, investment, proposal, paid


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Japan’s economy grew faster than expected on investment rebound, but trade war clouds outlook

The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter. That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase. Private consumption, which accounts for roughly 60


The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter. That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase. Private consumption, which accounts for roughly 60
Japan’s economy grew faster than expected on investment rebound, but trade war clouds outlook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, rose, rebound, expansion, revised, quarter, annualized, expected, estimate, trade, grew, median, war, investment, economy, japans, preliminary, faster, exports, outlook


Japan's economy grew faster than expected on investment rebound, but trade war clouds outlook

The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter.

However, despite the upward revision to growth, economists are likely to temper their optimism on the outlook given a recent batch of disappointing data on exports and factory output and the economy expected to weaken due to the Sino-U.S. trade war.

Japan’s gross domestic product rose at an annualized rate of 1.9 percent in October-December, more than the initial estimate of a 1.4 percent annualized expansion and more than the median estimate for a 1.8 percent annualized increase, revised data from the Cabinet Office showed.

That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years.

Economists warn that capital expenditure and overall economic growth are likely to weaken in the first half of this year as exports dwindle and inventories pile up due to a slowdown in global trade.

The revised figure translates into a quarter-on-quarter expansion of 0.5 percent in real, price-adjusted terms. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase.

The capital expenditure component of GDP rose 2.7 percent in October-December from the previous quarter to mark the fastest expansion since January-March 2015. That compares with the median forecast for a 2.8 percent increase and a preliminary 2.4 percent expansion.

Private consumption, which accounts for roughly 60 percent of GDP, rose 0.4 percent in the fourth quarter, less than the preliminary estimate of a 0.6 percent increase.

Net exports — or exports minus imports — contributed minus 0.3 percentage point, unchanged from preliminary data.

Domestic demand added a revised 0.8 percentage point to GDP, more than a preliminary reading of a 0.6 percentage point contribution.

Separate data on Friday showed household spending rose 2.0 percent year-on-year in January, more than the median estimate for a 0.4 percent annual contraction, which may ease concerns about domestic demand.

Real wages in January rose 1.1 percent year-on-year in January, matching the same pace of growth in the previous month, the labor ministry said on Friday.

The United States last year imposed tariffs on $250 billion worth of goods imported from China, with Beijing hitting back with duties on $110 billion worth of American products, including soybeans and other commodities.

U.S. President Donald Trump has delayed tariffs on $200 billion worth of Chinese imports as negotiations to resolve the eight-month trade war show signs of progress.

Even if the two sides resolve their differences, the damage to global trade and Japan’s economy may take some time to repair with uncertainty about trade policies hurting sentiment and disrupting manufacturers’ supply chains.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, rose, rebound, expansion, revised, quarter, annualized, expected, estimate, trade, grew, median, war, investment, economy, japans, preliminary, faster, exports, outlook


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Venture capital has a gender problem. Here’s what needs to change to help fix it

For many women in venture capital, there’s no question the industry has a gender disparity problem. Venture capital, or VC, partnerships “have historically been built by men,” investor Ophelia Brown tells CNBC. VC companies consist of general partners, who manage funds and advise on investment decisions, and limited partners, who give them the capital to work with. Brown now manages a fund called Blossom Capital, which is focused on Europe’s start-up scene. When it comes to gender equality, one


For many women in venture capital, there’s no question the industry has a gender disparity problem. Venture capital, or VC, partnerships “have historically been built by men,” investor Ophelia Brown tells CNBC. VC companies consist of general partners, who manage funds and advise on investment decisions, and limited partners, who give them the capital to work with. Brown now manages a fund called Blossom Capital, which is focused on Europe’s start-up scene. When it comes to gender equality, one
Venture capital has a gender problem. Here’s what needs to change to help fix it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: ryan browne, blossom capital
Keywords: news, cnbc, companies, teams, capital, problem, ventures, heres, vc, partners, limited, needs, recently, investment, change, fix, help, brown, gender, venture


Venture capital has a gender problem. Here's what needs to change to help fix it

For many women in venture capital, there’s no question the industry has a gender disparity problem.

Venture capital, or VC, partnerships “have historically been built by men,” investor Ophelia Brown tells CNBC.

VC companies consist of general partners, who manage funds and advise on investment decisions, and limited partners, who give them the capital to work with.

That trend of male-dominated funds hasn’t budged much. Female partners are still a minority — 9 percent, to be exact — and most of the VC dollars are going into male-founded start-ups.

In Europe, for example, research by tech investment firm Atomico shows that 93 percent of venture money went to start-ups with all-male founding teams last year.

“The challenge is, building a partnership is an incredibly delicate thing,” Brown, formerly of Index Ventures, says. For context, Index Ventures has made a number of notable Silicon Valley exits — from Facebook to, more recently, Dropbox.

Brown now manages a fund called Blossom Capital, which is focused on Europe’s start-up scene. Blossom, founded in 2016, recently closed an $85 million fund dedicated to pouring cash into proven early-stage start-ups.

When it comes to gender equality, one main hurdle for the industry to overcome, Brown says, is finding the limited partners necessary to back female-founded venture teams.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: ryan browne, blossom capital
Keywords: news, cnbc, companies, teams, capital, problem, ventures, heres, vc, partners, limited, needs, recently, investment, change, fix, help, brown, gender, venture


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post