MARKETS: #Dow climbs 60 points, narrowly extending monthly win streak to five. #Nasdaq gains 1% in August, ending at a record #CNNMoney #AceFinanceDesk reports

#AFNews – 31/08/17: #Dow climbs 60 points, narrowly extending monthly win streak to five. #Nasdaq gains 1% in August, ending at a record #AceFinanceDesk reports

https://t.co/A9OlUXl3FI— CNNMoney (@CNNMoney) August 31, 2017 #AceFinanceNews

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MARKETS: #US Opens with American energy supplies have suffered another blow from Tropical #StormHarvey #Dow jumps 80 points. #Nasdaq rises 0.4%. Gasoline futures spike 8% after key pipeline disrupted by Harvey #AceFinanceDesk reports

#AFNews – 31/08/17: American energy supplies have suffered another blow from Tropical #StormHarvey #AceFinanceDesk reports

https://t.co/u8D5pOAGnq
#Dow jumps 80 points. #Nasdaq rises 0.4%. Gasoline futures spike 8% after key pipeline disrupted by Harvey. https://t.co/A9OlUX #AceFinanceNews

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#BRICS Development Bank Approves $460-Million Loan to #Russia for Improvements to their Judicial System According to a Bank Statement #AceFinanceDesk reports

#AFNews – 30/08/17: NEW #BRICS DEVELOPMENT BANK APPROVES $460-MILLION LOAN TO #RUSSIA FOR IMPROVEMENT OF JUDICIAL SYSTEM INFRASTRUCTURE – BANK STATEMENT

#AceFinanceDesk reports

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MARKETS: Euro tops $1.20 to hit highest level on Tuesday since early 2015, reports AFP #AceFinanceDesk reports

#AFNews – 30/08/17: Euro tops $1.20 to hit highest level since early 2015, reports AFP #AceFinanceDesk reports

https://t.me/acebreakingnews/4844Times of India (@timesofindia) August 29, 2017 #AceFinanceNews

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day on https://t.me/acenewsdaily and free help and guidance tips are on AcePCHelp.WordPress.Com or you can follow our news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

MARKETS: #US Tuesday Reacted to #NorthKorea missile launch with their normal panic as first it’s #Dow falls 100-points & Nasdaq loses 0.6%. Best Buy plunges 8% despite improved results then later #Dow rises 57-points and defence contractors like Raytheon climb of course as marketeers calm their jitters ..until tomorrow #AceFinanceDesk reports

#AFNews – 30/08/17: #Dow falls 100 points on #NorthKorea jitters. #Nasdaq loses 0.6%. Best Buy plunges 8% despite improved results. https://t.co/A9…#AceFinanceDesk reports

Dow rises 57 points, rebounding from earlier #NorthKorea-driven selloff. Defense contractors like Raytheon climb. https://t.c…#AceFinanceNews

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day on https://t.me/acenewsdaily and free help and guidance tips are on AcePCHelp.WordPress.Com or you can follow our news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

JUST IN: #Moscow #Gazprom reports IFRS NET PROFITS for Gazprom of 408-Billion Rubles and #Aeroflot Group of 2.9-Billion Rubles in first half of 2017 #AceFinanceDesk reports

#AFNews – 29/08/17: RUSSIA’S #GAZPROM REPORTS IFRS NET PROFIT OF 408 BILLION RUBLES IN FIRST HALF OF 2017 #AceFinanceDesk reports

RUSSIA’S #AEROFLOT GROUP REPORTS IRFS NET PROFIT OF 2.9 BILLION RUBLES IN FIRST HALF OF 2017 #AceFinanceNews

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#Tehran #Iran looks to complete 10 Oil contracts to develop their #Oil & #Gas fields by March after recently completing a $5-billion Gas contract with French energy giant Total #AceFinanceDesk reports

#AFNews – 29/08/17: Zanganeh Positive About 10 New #Oil Deals by March Fresh off a $5 billion gas deal with French energy major Total #AceFinanceDesk reports

Iran hopes to keep up the positive momentum and clinch new agreements to develop its oil and natural gas fields #AceFinanceNews

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#Houston Texas #Harvey slams economy with damages in the billions as rain soaked refineries along the Gulf Coast now closed and not expected to open, pushing up pump prices & shipment of consumer goods likely to be hit #AceFinanceDesk reports

#AceFinanceReport – Aug.29: Flood damage from #Harvey is likely to reach into the tens of billions and the storm is expected to cause the region’s economy to shrink, at least in the near term …. #AceFinanceDesk reports

Published on August 28, 2017 at 12:33PM by By DAVID KOENIG, AP Business Writer: Harvey is soaking refineries along the Gulf Coast, leading to higher prices at the pump…… Gasoline futures rose nearly 3 percent Monday…..The storm could also put a kink in the shipment of consumer goods…..Harvey, which hit the coast as a Category 4 hurricane, will likely affect the South Texas economy for months.….. Mark Zandi, chief economist at Moody’s Analytics, predicted that the region’s economic output will be cut about 1 percent, or $7 billion to $8 billion…It will recover, he said, helped by money from insurance payments and government aid to rebuild….#AceFinanceNews

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#Tehran Irans’ Tax Revenues FALL as PETRO $’s GROW by 333.2% as reported by FT as Tax Revenues fell by 1.6% in first quarter #AceFinanceDesk reports

#AFNews – 29/08/17: Tax Revenues Take Backseat to Petrodollars, Again as #Oil revenues grew by 333.2% and tax revenues fell by 1.6% in the first quarter of the current Iranian year (March 21-June 21) compared with last year’s corresponding period #AceFinanceDesk reports

The Central Bank of Iran’s report published on its website added that the government earned 181.9 trillion rials ($4.8 billion) from taxation in Q1, whereas revenues from the sale of oil and petroleum products reached 188.9 trillion rials ($4.97 billion) #AceFinanceNews

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The Parasites of Western Economy, Part 5: Company Asset Strippers and Conspirators.

Additional survival tricks

bytonytran2015(Melbourne, Australia)

#parasite, #asset stripping, #private equity,

The Parasites of Western Economy, Part 5: Company Asset Strippers and Conspirators.


A company operates to generate profits to be distributed to its shareholders. Unfortunately, the sheeplike shareholders have allowedtheir own dividend incomes to be reduced over long periods. This injustice is spotted by PE that moved in and took away the unjustly accumulated assets.

Generations of shareholders lost the assets owned but hidden from them. They blamed the PE but the it was really their managementwho set up the scene.

1.Steps leading to an Asset Stripping.

1. Company directors pay themselves and their associates extravagant fees and bonuses at the expense of shareholder dividends.

2. Company accountants receiving directions from their bosses and hides real situations from shareholders.

3. Dividend payouts are kept small under the guise of“retaining for future expansion”,so that directors payments can be made…

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