Poker players don’t take home the stacks of cash you see on TV — here’s who does

Poker, however, is a game where players can go long periods without a win or reaching a spot that earns cash. To offset this financial risk, players turn to staking. Recently, entrepreneurial poker players have developed websites that can bring the idea of poker staking to the masses. Poker staking, isn’t always easy or guaranteed to earn anyone money. When the World Series of Poker airs each year and a winner takes home stacks of cash, keep in mind not all of that money will be going to that pl


Poker, however, is a game where players can go long periods without a win or reaching a spot that earns cash. To offset this financial risk, players turn to staking. Recently, entrepreneurial poker players have developed websites that can bring the idea of poker staking to the masses. Poker staking, isn’t always easy or guaranteed to earn anyone money. When the World Series of Poker airs each year and a winner takes home stacks of cash, keep in mind not all of that money will be going to that pl
Poker players don’t take home the stacks of cash you see on TV — here’s who does Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: samuel rega
Keywords: news, cnbc, companies, heres, risk, world, series, backer, cash, tv, does, win, player, staking, poker, dont, money, players, stacks


Poker players don't take home the stacks of cash you see on TV — here's who does

In the early 2000s, professional poker reached new heights in popularity. Between ESPN, the 1998 movie “Rounders,” and Chris Moneymaker’s out-of-nowhere win at the 2003 World Series of Poker, the lure of turning professional and earning millions brought many to Las Vegas. Poker, however, is a game where players can go long periods without a win or reaching a spot that earns cash. When a player does finally win, it can be thousands or even millions of dollars. Many players will agree that one must consistently enter games in order to be successful. The financial risk, can be a heavy burden, especially if someone is beginning a career.

To offset this financial risk, players turn to staking. A person, or backer, will put up the money for a player to enter a tournament. If the player wins, the backer receives a portion of the winning. If the player loses, the backer loses. It’s a method of playing that for years took place outside of casinos between players and people in the know. Recently, entrepreneurial poker players have developed websites that can bring the idea of poker staking to the masses. It’s a new way for fans to interact with poker professionals, much like daily fantasy sports.

Poker staking, isn’t always easy or guaranteed to earn anyone money. There’s still heavy risk involved both financially and legally. When the World Series of Poker airs each year and a winner takes home stacks of cash, keep in mind not all of that money will be going to that player.


Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: samuel rega
Keywords: news, cnbc, companies, heres, risk, world, series, backer, cash, tv, does, win, player, staking, poker, dont, money, players, stacks


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Utilities and these other stocks win when volatility strikes Wall Street

The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility. Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well. The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Selec


The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility. Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well. The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Selec
Utilities and these other stocks win when volatility strikes Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strikes, win, volatility, vix, select, wall, etf, stocks, rose, estate, utilities, points, sector, street, real


Utilities and these other stocks win when volatility strikes Wall Street

Volatility is back on Wall Street.

The average daily point range of the Dow Jones Industrial Average so far this month is about 482 points, which is more than double the average daily range from the rest of the year (224 points from January to July).

The CBOE Volatility index, a gauge for investor fear, has risen nearly 50% this month but based on past surges in uncertainty this could be a buying opportunity.

Stocks have whipsawed in August on concerns about the trade war between the U.S. and China and global economic uncertainty. On Monday stocks fell on worries and falling yields, followed by a rally in stocks of 300 points on Tuesday when Trump delayed and cancelled tariffs on select items. Just yesterday, the Dow dropped 800 points as investors worried an inverted yield curve means a recession is coming.

CNBC used Kensho, a hedge fund analytics tool, to track the top ETF performers the week after the volatility Index, a measure of the 30-day implied volatility of U.S. stocks also known as the VIX, popped above the 15 level. The VIX has breached this key fear level 82 times in the past 10 years and data showed that the utilities ETF has the biggest returns following bursts of uncertainty.

The Utilities Select Sector SPDR Fund (XLU), which holds stocks like Duke Energy, Dominion Energy and Southern Company, rose 0.35% in the week after the VIX popped over 15.

Utilities are generally more stable stocks, as demand for electricity and gas is a steady consumer and business need. And the shares pay above-average dividends.

The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility.

Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. The high dividend comes from real estate company’s strong cash flow. In the case of tax laws for REITS, the companies are forced to distribute a certain percentage of income, which also drive yield higher.

Prologis, Equinix and American Tower are all in the XLU real estate portfolio. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well.

As a proxy for bonds in times of economic uncertainty, the U.S. Treasury ETF was also a strong performer following a spike in volatility. The iShares 20+ Year Treasury Bond ETF (TLT) rose 0.24% when the VIX breached the 15 level.

The financial sector ETF and the healthcare ETF also rose following increased uncertainty.

The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Select Sector SPDR Fund (XLV) returned 0.15% in the 5 days after the VIX rose.

This month’s volatility is not quite at levels breached in December 2018, when the Dow saw an average daily range of 600 points.

CNBC’s Jim Cramer said Tuesday the markets should be prepared for “choppy waters and perhaps a modest pullback,” as the S&P 500 index and the VIX typically run in opposite directions.

Stocks rebounded slightly on Thursday in more volatile trading.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strikes, win, volatility, vix, select, wall, etf, stocks, rose, estate, utilities, points, sector, street, real


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China may be willing to accept an economic downturn to hurt Trump and win a better trade deal

“Many investors have expressed the view that China is prepared to accept an economic downturn (and thus a global economic downturn) to prevent President Trump’s reelection,” Naka Matsuzawa, Nomura’s chief rates strategist in Tokyo, said in a note on Wednesday following meetings with Asian clients. China may go farther than many expect to win the trade war and in the process increase the odds President Donald Trump is a one-term president, according to global investors. “If necessary, China might


“Many investors have expressed the view that China is prepared to accept an economic downturn (and thus a global economic downturn) to prevent President Trump’s reelection,” Naka Matsuzawa, Nomura’s chief rates strategist in Tokyo, said in a note on Wednesday following meetings with Asian clients. China may go farther than many expect to win the trade war and in the process increase the odds President Donald Trump is a one-term president, according to global investors. “If necessary, China might
China may be willing to accept an economic downturn to hurt Trump and win a better trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: yun li
Keywords: news, cnbc, companies, risk, win, trade, economic, deal, president, measures, better, willing, global, note, hurt, china, chinas, trump, downturn, matsuzawa, trumps


China may be willing to accept an economic downturn to hurt Trump and win a better trade deal

“Many investors have expressed the view that China is prepared to accept an economic downturn (and thus a global economic downturn) to prevent President Trump’s reelection,” Naka Matsuzawa, Nomura’s chief rates strategist in Tokyo, said in a note on Wednesday following meetings with Asian clients.

From suspending U.S. agricultural product purchases to weaponizing the yuan, these high-stakes measures, which could put Chinese businesses at risk, are a preview of how far China could be willing to go economically to get a long-term deal in its favor.

China may go farther than many expect to win the trade war and in the process increase the odds President Donald Trump is a one-term president, according to global investors.

To retaliate to Trump’s surprise tariffs threat last week, China struck back swiftly by halting purchase of U.S. agricultural products, which particularly hurts farmers in the Midwest — states that are crucial for Trump’s presidential win in 2020.

“[China] could also further curb purchases of agricultural goods, possibly as a means of undermining Trump’s support base among rural voters ahead of the November 2020 presidential election,” Mark Haefele, UBS’ global chief investment officer, said in a note on Tuesday.

In its latest move to weaponize the yuan, China is taking a big risk as the devaluation would lead to an exodus of capital, but it’s also a sore spot for Trump as he repeatedly protested the strong dollar.

“China might be tempted to wait for a change of leadership in Washington,” David Bianco, DWS Group’s chief investment officer said in a note on Tuesday. “If necessary, China might react with targeted measures designed to endanger Trump’s re-election, even at the risk of collateral damage to the global economy and financial markets.”

Trump knows it all too well that this is China’s intention. He warned recently China could get a much tougher deal if and when he gets reelected.

China’s strategy could backfire, however. Since hardline measures against China can win support from both parties, the next president could take a similar stance, Matsuzawa said.

Additionally, the further deterioration in China’s growth could be dangerous by destabilizing the country, which is already dealing with growing protests in Hong Kong. China’s second-quarter GDP growth was the slowest year-on-year increase for a quarter in at least 27 years..

“A downward shift in China’s potential growth rate means that the debt deflation problem could come out into the open,” Matsuzawa said.

Normally a further slowdown would cause the government to unleash a large stimulus to get the economy growing again, but there’s a chance they could not act as aggressively as they have in the past.

Chinese central bank on Monday denied rumors it decided to cut the benchmark interest rate of RMB loans and deposits of financial institutions. In a post on Chinese messaging app WeChat, the People’s Bank of China said the news is untrue and it has reported the situation to the police for investigation. The denial may have had a hand in causing global equities to drop further on Wednesday.

— CNBC’s Michael Bloom contributed to this report.

WATCH: Time to be on or steer clear of investing in China?


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: yun li
Keywords: news, cnbc, companies, risk, win, trade, economic, deal, president, measures, better, willing, global, note, hurt, china, chinas, trump, downturn, matsuzawa, trumps


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Fortnite World Cup finals turned these teen gamers into millionaires

A teen phenom won $3 million at New York City’s Arthur Ashe tennis stadium over the weekend and he didn’t even have to pick up a racket. Those fans watched some of the world’s best gamers, many of them on summer break from high school, compete in the first-ever Fortnite World Cup with $30 million in total prizes on the line. The biggest winner at the event turned out to be Kyle Giersdorf, a 16-year-old from Pennsylvania, who triumphed in a field of 100 finalists to win the whopping $3 million gr


A teen phenom won $3 million at New York City’s Arthur Ashe tennis stadium over the weekend and he didn’t even have to pick up a racket. Those fans watched some of the world’s best gamers, many of them on summer break from high school, compete in the first-ever Fortnite World Cup with $30 million in total prizes on the line. The biggest winner at the event turned out to be Kyle Giersdorf, a 16-year-old from Pennsylvania, who triumphed in a field of 100 finalists to win the whopping $3 million gr
Fortnite World Cup finals turned these teen gamers into millionaires Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: tom huddleston jr
Keywords: news, cnbc, companies, fortnite, gamers, teen, million, giersdorf, win, cup, worlds, turned, espn, millionaires, tennis, world, weekend, finals, winning


Fortnite World Cup finals turned these teen gamers into millionaires

A teen phenom won $3 million at New York City’s Arthur Ashe tennis stadium over the weekend and he didn’t even have to pick up a racket.

The stadium will host the world’s best tennis players at the U.S. Open in August, but this past weekend, the site was filled with thousands of fans of Fortnite, Epic Games’ massively popular online multi-player survival game. Those fans watched some of the world’s best gamers, many of them on summer break from high school, compete in the first-ever Fortnite World Cup with $30 million in total prizes on the line.

The biggest winner at the event turned out to be Kyle Giersdorf, a 16-year-old from Pennsylvania, who triumphed in a field of 100 finalists to win the whopping $3 million grand prize and become the first Fortnite World Cup singles champion. (By comparison, the male and female winners of this year’s tennis U.S. Open will each receive $3.85 million.)

“I know that this could pretty much change my life forever,” Giersdorf, who plays Fortnite under the name “Bugha,” told ESPN after winning the competition on Sunday. “It’s just absolutely unreal.”

It was undoubtedly a huge win for the teenager, whose fame appears to be on the rise after reportedly adding more than 100,000 followers to his Twitter account since winning the tournament. But Giersdorf, who is also set to appear on NBC’s “Tonight Show” with Jimmy Fallon on Monday night, has no plans to let his huge cash prize go to his head. In fact, he told ESPN that he plans to invest his winnings rather than putting it toward any major splurges.

“I’m just going to save the money and invest it and not do anything dumb with it,” he said in a streaming interview with ESPN.


Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: tom huddleston jr
Keywords: news, cnbc, companies, fortnite, gamers, teen, million, giersdorf, win, cup, worlds, turned, espn, millionaires, tennis, world, weekend, finals, winning


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FCC commissioner: Clearance of Sprint, T-Mobile merger is ‘significant win for US leadership in 5G’

The Department of Justice’s clearance of the proposed merger between Sprint and T-Mobile is a “significant win” for the United States in 5G, a member of the Federal Communications Commission told CNBC on Friday. FCC Commissioner Brendan Carr said on CNBC’s “Squawk Alley ” that the deal will speed up the development of widely available 5G service in the United States. “That’s a real significant win for U.S. leadership in 5G. And by accelerating 5G build-out through this deal, 99% of Americans are


The Department of Justice’s clearance of the proposed merger between Sprint and T-Mobile is a “significant win” for the United States in 5G, a member of the Federal Communications Commission told CNBC on Friday. FCC Commissioner Brendan Carr said on CNBC’s “Squawk Alley ” that the deal will speed up the development of widely available 5G service in the United States. “That’s a real significant win for U.S. leadership in 5G. And by accelerating 5G build-out through this deal, 99% of Americans are
FCC commissioner: Clearance of Sprint, T-Mobile merger is ‘significant win for US leadership in 5G’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: jesse pound, ylan mui, annie palmer
Keywords: news, cnbc, companies, sprint, commissioner, san, win, leadership, 5g, merger, service, significant, carr, fcc, tmobile, states, deal, department, clearance


FCC commissioner: Clearance of Sprint, T-Mobile merger is 'significant win for US leadership in 5G'

The Department of Justice’s clearance of the proposed merger between Sprint and T-Mobile is a “significant win” for the United States in 5G, a member of the Federal Communications Commission told CNBC on Friday.

The Justice Department announced Friday that it has approved the deal between T-Mobile and Sprint that includes divesting some assets to Dish to create a fourth major service competitor. FCC Commissioner Brendan Carr said on CNBC’s “Squawk Alley ” that the deal will speed up the development of widely available 5G service in the United States.

“That’s a real significant win for U.S. leadership in 5G. It’s been my top priority. It’s been a big priority for the Trump administration. And by accelerating 5G build-out through this deal, 99% of Americans are going to see 5G faster,” Carr said.

In addition to the Justice Department, FCC Chairman Ajit Pai announced support for the more than $26 billion merger in May. The deal still faces a lawsuit from 13 state attorneys general and the District of Columbia that seeks to block it.

Sen. Amy Klobuchar from Minnesota and Sen. Elizabeth Warren of Massachusetts, who are both running in the Democratic primary for president, tweeted disapproval of the merger.

Carr said the clearance from the FCC and the Justice Department “significantly undermines” the case from states. The commissioner, who was nominated by President Donald Trump in 2017, said federal regulators were more focused on rural areas, while the states are focused on major cities that should be less concerned about getting 5G.

“The state suits are focused very much on New York City, San Francisco and 5G in those markets. And look, regardless of this transaction, New York, San Francisco and maybe even San Jose, they’re going to get 5G no matter what,” Carr said.

Verizon began rolling out 5G coverage in select cities earlier this year, and AT&T offers the service in certain geographic areas. The service, which offers download speeds that can be several multiples faster than 4G, is not currently compatible with most phones on the market.

Sprint and T-Mobile say the merger will allow them to build a nationally competitive 5G network.

“Combining the assets of Sprint and T-Mobile for the first time creates a third competitor of the same scope and scale as AT&T and Verizon. I think that’s going to be a game changer for consumers in terms of high-speed internet,” Carr said.

As part of the deal, Dish Network will purchase wireless spectrum and Sprint’s prepaid phone services.


Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: jesse pound, ylan mui, annie palmer
Keywords: news, cnbc, companies, sprint, commissioner, san, win, leadership, 5g, merger, service, significant, carr, fcc, tmobile, states, deal, department, clearance


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Apple lost the 5G battle, but it paid Intel $1 billion to win the war

Apple may have lost the 5G battle to Qualcomm, but it’s now in a position to win the war. Apple said Thursday it will buy Intel’s smartphone modem business, which includes several patents and about 2,000 Intel employees, for $1 billion. Option two: Wait for Intel to catch up with its 5G modems, which were said to be running behind schedule. Option three: Choose Huawei’s 5G modems, which would be a tough sell in today’s environment thanks to trade tensions and cybersecurity concerns. Option four:


Apple may have lost the 5G battle to Qualcomm, but it’s now in a position to win the war. Apple said Thursday it will buy Intel’s smartphone modem business, which includes several patents and about 2,000 Intel employees, for $1 billion. Option two: Wait for Intel to catch up with its 5G modems, which were said to be running behind schedule. Option three: Choose Huawei’s 5G modems, which would be a tough sell in today’s environment thanks to trade tensions and cybersecurity concerns. Option four:
Apple lost the 5G battle, but it paid Intel $1 billion to win the war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: steve kovach
Keywords: news, cnbc, companies, qualcomm, battle, apple, paid, settled, intel, win, 5g, lost, chips, war, billion, modems, plans, valley, position


Apple lost the 5G battle, but it paid Intel $1 billion to win the war

Tim Cook, chief executive officer of Apple, and Eddy Cue, senior vice president of Internet Software and Services at Apple, attend the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho.

Apple may have lost the 5G battle to Qualcomm, but it’s now in a position to win the war.

Apple said Thursday it will buy Intel’s smartphone modem business, which includes several patents and about 2,000 Intel employees, for $1 billion. It’s no secret Apple has been interested in developing its own modems for the iPhone, and buying up all that Intel IP puts it in a position to have one ready by the time its deal with Qualcomm runs out.

Apple had four bad options when it came to its 5G plans after it settled the royalty spat with Qualcomm in April:

Option one: Settle with Qualcomm and get its 5G chips into iPhones by 2020.

Option two: Wait for Intel to catch up with its 5G modems, which were said to be running behind schedule.

Option three: Choose Huawei’s 5G modems, which would be a tough sell in today’s environment thanks to trade tensions and cybersecurity concerns.

Option four: Make its own 5G chips, which would take several years and put Apple far behind other handset competitors that are already releasing 5G phones this year.

So Apple went with the least of all evils. It settled with Qualcomm and laid the groundwork for a long-term plan to develop its own modems. Meanwhile, Intel was forced to back out of its 5G modem plans once Apple and Qualcomm signed their deal, and its assets were relatively cheap and attractive for Apple to scoop up and get a head start on its own chips.


Company: cnbc, Activity: cnbc, Date: 2019-07-26  Authors: steve kovach
Keywords: news, cnbc, companies, qualcomm, battle, apple, paid, settled, intel, win, 5g, lost, chips, war, billion, modems, plans, valley, position


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The US will likely win in a ‘cold currency war,’ says Pimco

Andrew Harrer | Bloomberg | Getty ImagesThe U.S. will likely emerge the winner in a “cold currency war” that’s heating up, according to Joachim Fels, global economic advisor at Pimco. “If there is a winner in this ‘cold currency war,’ it’s going to be the U.S. in the sense that the dollar is more likely to weaken than strengthen from here,” said Fels told CNBC’s “Squawk Box ” on Monday. “The U.S. administration probably has the upper hand in this currency war,” he added. Clearly, we are getting


Andrew Harrer | Bloomberg | Getty ImagesThe U.S. will likely emerge the winner in a “cold currency war” that’s heating up, according to Joachim Fels, global economic advisor at Pimco. “If there is a winner in this ‘cold currency war,’ it’s going to be the U.S. in the sense that the dollar is more likely to weaken than strengthen from here,” said Fels told CNBC’s “Squawk Box ” on Monday. “The U.S. administration probably has the upper hand in this currency war,” he added. Clearly, we are getting
The US will likely win in a ‘cold currency war,’ says Pimco Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: huileng tan
Keywords: news, cnbc, companies, war, central, fels, cold, bank, dollar, winner, likely, weaker, currency, win, interest, pimco


The US will likely win in a 'cold currency war,' says Pimco

Steven Mnuchin, U.S. Treasury secretary, gestures while standing next to a printing plate for $1 dollar notes bearing Mnuchin’s name at the U.S. Bureau of Engraving and Printing in Washington, D.C., Nov. 15, 2017. Andrew Harrer | Bloomberg | Getty Images

The U.S. will likely emerge the winner in a “cold currency war” that’s heating up, according to Joachim Fels, global economic advisor at Pimco. “If there is a winner in this ‘cold currency war,’ it’s going to be the U.S. in the sense that the dollar is more likely to weaken than strengthen from here,” said Fels told CNBC’s “Squawk Box ” on Monday. He said a cold war on the currency front refers to a conflict not fought with outright central bank intervention in the foreign exchange markets, but with interest rate cuts, negative interest rates (like those in Europe and Japan), quantitative easing and yield curve control.

In the case of the U.S., “presidential tweets” also factor into the mix, Fels added. He noted that in early 2017, shortly after his election, U.S. President Donald Trump spoke to Treasury Secretary Steven Mnuchin about the need for a softer dollar. Subsequently, the greenback ended up weaker for the entire year. “The same could happen again, especially as the Fed obviously has more room to cut interest rates than the (European Central Bank) or the Bank of Japan, ” said Fels. “The U.S. administration probably has the upper hand in this currency war,” he added.

Clearly, we are getting back into the situation where everybody would like to see a weaker currency. Nobody, no central bank, really wants a stronger currency and that’s why it’s a cold currency war. Joachim Fels Pimco


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: huileng tan
Keywords: news, cnbc, companies, war, central, fels, cold, bank, dollar, winner, likely, weaker, currency, win, interest, pimco


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After elections, Japan’s leader Abe will be seeking a big win on trade

Japanese Prime Minister Shinzo Abe and his ruling coalition party are set for a victory at the polls on Sunday. Next, he’ll be seeking out a big win in his dealings with other countries — such as trade, according to analysts. Major post-election priorities would include trade talks with the U.S., as well as tackling the ongoing wartime forced labor dispute with South Korea that has spilled over into trade, they said. Those talks with the U.S. are going to be first on the agenda for Abe, accordin


Japanese Prime Minister Shinzo Abe and his ruling coalition party are set for a victory at the polls on Sunday. Next, he’ll be seeking out a big win in his dealings with other countries — such as trade, according to analysts. Major post-election priorities would include trade talks with the U.S., as well as tackling the ongoing wartime forced labor dispute with South Korea that has spilled over into trade, they said. Those talks with the U.S. are going to be first on the agenda for Abe, accordin
After elections, Japan’s leader Abe will be seeking a big win on trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: grace shao
Keywords: news, cnbc, companies, leader, south, going, wartime, big, elections, harris, trade, korea, win, japans, japanese, seeking, abe, talks, women


After elections, Japan's leader Abe will be seeking a big win on trade

Japanese Prime Minister Shinzo Abe and his ruling coalition party are set for a victory at the polls on Sunday. Next, he’ll be seeking out a big win in his dealings with other countries — such as trade, according to analysts.

Major post-election priorities would include trade talks with the U.S., as well as tackling the ongoing wartime forced labor dispute with South Korea that has spilled over into trade, they said.

“Abe is looking for a big foreign policy win. He wants to solve one of these long-standing issues, whether it is territorial disputes with Russia, the abductee issue with North Korea, now finding a way out of the U.S.-Japan trade talks with the U.S.-Japan relations intact, ” said Tobias Harris, senior vice president at advisory company Teneo.

Tackling such major foreign policy issues will be taking up most of Abe’s focus going forward, he concluded.

Those talks with the U.S. are going to be first on the agenda for Abe, according to Harris. Both countries are reportedly working on a trade deal which could involve Japan offering American farmers new access to its markets in exchange for Washington reducing tariffs on certain Japanese auto parts.

The U.S. “is going to insist on trying to get some sort of partial deal done that focuses on agriculture, to give (Donald) Trump a political victory heading into 2020, ” said Harris, referring to the U.S. elections in 2020.

Meanwhile, amid the dispute with Seoul, Abe’s tough stance in imposing restrictions on exports of high-tech materials to South Korea — used by its critical tech sector — has been “certainly popular” with his party supporters who hold “a lot of bitter feelings,” said Harris.

Tensions with South Korea have rapidly worsened in recent weeks over the treatment of “comfort women” — women forced to work in Japanese wartime brothels — as well as the compensation of South Korean labor during World War II.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: grace shao
Keywords: news, cnbc, companies, leader, south, going, wartime, big, elections, harris, trade, korea, win, japans, japanese, seeking, abe, talks, women


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Abe’s on track to win at the polls, but he needs to spend more to fix Japan’s economy: Analyst

Japan will go to the polls this weekend, and analysts are expecting the ruling coalition to win again — an outcome that would maintain political stability in the country amid a slowing economy. “According to most polls, it looks like (Liberal Democratic Party) and (Komeito Party) will comfortably retain their majority … the political stability is still going to be there,” Izumi Devalier, head of Japan economics at Bank of America Merrill Lynch, told CNBC on Friday. Incumbent Prime Minister Shi


Japan will go to the polls this weekend, and analysts are expecting the ruling coalition to win again — an outcome that would maintain political stability in the country amid a slowing economy. “According to most polls, it looks like (Liberal Democratic Party) and (Komeito Party) will comfortably retain their majority … the political stability is still going to be there,” Izumi Devalier, head of Japan economics at Bank of America Merrill Lynch, told CNBC on Friday. Incumbent Prime Minister Shi
Abe’s on track to win at the polls, but he needs to spend more to fix Japan’s economy: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: weizhen tan
Keywords: news, cnbc, companies, ruling, polls, komeito, party, seats, house, abes, win, japans, political, majority, track, stability, analyst, needs, fix, upper, spend, economy


Abe's on track to win at the polls, but he needs to spend more to fix Japan's economy: Analyst

Japan will go to the polls this weekend, and analysts are expecting the ruling coalition to win again — an outcome that would maintain political stability in the country amid a slowing economy.

“According to most polls, it looks like (Liberal Democratic Party) and (Komeito Party) will comfortably retain their majority … the political stability is still going to be there,” Izumi Devalier, head of Japan economics at Bank of America Merrill Lynch, told CNBC on Friday.

Incumbent Prime Minister Shinzo Abe’s ruling coalition — the LDP and its partner, the Komeito party — currently has the upper house majority of 147 out of 242 upper house seats. There are 124 seats up for grabs in the upper house election on Sunday.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: weizhen tan
Keywords: news, cnbc, companies, ruling, polls, komeito, party, seats, house, abes, win, japans, political, majority, track, stability, analyst, needs, fix, upper, spend, economy


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How dairy behemoth Danone failed to win India’s 1.35 billion dairy lovers

India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011. But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutri


India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011. But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutri
How dairy behemoth Danone failed to win India’s 1.35 billion dairy lovers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: karin shedd
Keywords: news, cnbc, companies, vast, lovers, production, billion, dairy, indias, danone, 135, company, behemoth, success, yogurt, specialized, india, worlds, failed, win


How dairy behemoth Danone failed to win India's 1.35 billion dairy lovers

India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011.

But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutrition” segment. Analysts say that India’s highly localized, fractured dairy industry confounded Danone, a company accustomed to the relatively more consolidated dairy industries of the U.S., where it goes by the name “Dannon,” and its native France.

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Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: karin shedd
Keywords: news, cnbc, companies, vast, lovers, production, billion, dairy, indias, danone, 135, company, behemoth, success, yogurt, specialized, india, worlds, failed, win


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