Ace Worldwide News Group 23:10 on August 31, 2017

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

Ace Worldwide News Group 18:19 on August 30, 2017

#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

Ace Worldwide News Group 11:46 on August 30, 2017

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

Ace Worldwide News Group 09:12 on August 30, 2017

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

Ace Worldwide News Group 20:21 on August 29, 2017

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

Ace Worldwide News Group 18:11 on August 29, 2017

#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

image153

Vintage Gas Sign up Angle

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

Ace Worldwide News Group 15:14 on August 29, 2017

#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

Ace Worldwide News Group 15:08 on August 29, 2017

#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

Ace Worldwide News Group 11:04 on August 29, 2017

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…

View original post 772 more words

JUST IN: Ford is cutting staff as it transforms its business: The second largest US automaker said it was reorganising its global salaried workforce as part of a broader plan to trim costs and revitalise its business but numbers were not announced #AceFinanceDesk reports October 6, 2018
#AceFinanceNews – Oct.06: The second largest US automaker said Friday it was reorganising its global salaried workforce as part of a broader plan to trim costs and restructure: “The reorganisation will result in headcount reduction over time and this will vary based on team and location,” a spokesperson said in a statement: The company did […]
Ace Worldwide News Group
MARKETS: JUST IN: Unemployment rate drops to 3.7%, lowest in nearly half a century and only 134,000 jobs wer e added due to ‘ Hurricane Florence ‘ with many people working part-time wanting full time j obs as earnings grew 2.8% and markets roar away its reported on Friday #AceNewsDesk reports October 5, 2018
#AceFinanceReport – Oct.05: The unemployment rate dropped to a half-century low in September, the Labor Department reported Friday: The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — signaling how the longest streak of hiring on record has put millions of Americans back to work: However, there […]
Ace Worldwide News Group
(NEW YORK) Gov.Cuomo says the only way to fund the MTA and prevent a subway crisis is to charge motorists a congestion charge but let drivers deduct the fees from their tax returns #AceFinanceDesk reports October 5, 2018
#AceFinanceNews – Oct.05: With the subways in crisis, Gov. Andrew Cuomo is abandoning his demand for New York City and its reluctant mayor to fund the MTA, saying congestion pricing is the only option…………..Not to be outdone, Cuomo’s Republican opponent says OK, but let drivers deduct the fees from their tax returns #AceFinanceDesk reports The […] […]
Ace Worldwide News Group
(LONDON) £600-Million sale of Wembley Stadium to Fulham owner ‘Shahid Khan ‘ has moved a step forward after being discussed by the FA’s 127-member board but former England player Gary Neville called the plan ridiculous: Heres details of the planned sale #AceFinanceDesk reports September 30, 2018
#AceFinanceNews – Sept.30: It will now be considered by the 127-member FA Council on 11 October, with its views likely to impact on the board’s final decision: FA chiefs say money from the sale to Fulham owner Shahid Khan could help transform community facilities: But the plan was called “ridiculous” by former England player Gary […]
Ace Worldwide News Group
JUST IN: Trumps #MAGA Economy ADDS a strong 201,000 jobs in August, and the unemployment rate remained near historical lows at 3.9% Ave earnings GREW 2.9% in the strongest rate since 2009 #AceFinanceDesk reports September 7, 2018
#AceFinanceReport – Sept.07: The unemployment rate stayed at 3.9%, near historical lows, the Labor Department reported #AceNewsDesk reports Average hourly earnings grew 2.9% compared with a year ago, the strongest rate since 2009. That number is not adjusted for inflation, which has been rising in recent months and eating into workers’ paychecks. And it’s lo […]
Ace Worldwide News Group
(BEIJING, China.) Ready to retaliate with $60-billion targeted list if Donald Trump goes ahead with his proposed 25% tariff hike on $200-billion Chinese goods this week a spokesman said on Thursday #AceFinanceDesk reports September 6, 2018
#AceFinanceReport – Sept.06: China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain “steady and healthy” economic growth, a government spokesman said Thursday.The Trump administration is poised to impose 25% penalties this week on $200 billion of Chinese goods in […]
Ace Worldwide News Group
(WASHINGTON) In latest the US unveiled a list of roughly $16 billion worth of imports from China that will be hit with 25% tariffs, in the the latest escalation in the trade war between the two countries which will take effect from Aug.23: As the markets Dow closes up 127 points, S&P 500 and Nasdaq up 0.3% apiece #AceFinanceDesk reports August 8, 2018
#AceFinanceReport – Aug.08: Editor says but the markets reacted positively Dow closes up 127 points, S&P 500 and Nasdaq up 0.3% apiece. Tesla soars 11% after Elon Musk says he wants to take the company private. https://cnnmon.ie/2ARtM5G to the news: The Trump administration on Tuesday unveiled a list of roughly $16 billion worth of imports […]
Ace Worldwide News Group
MARKETS: Trade War: U.S. Stocks opened flat Friday morning after US unemployment fell to 3.9% in July, the American economy added 157,000 jobs and China announced plans to impose tariffs on $60 billion worth of US imports listing 5,207 products with duties as high as 25% if Trump applies his to $200-billion of Chinese goods #AceFinanceDesk reports August 3, 2018
#AceFinanceReport – Aug.03: China has announced plans to put up tariffs on products worth $60-billion Chinese government said Friday that it would impose duties of 25%, 20%, 10% and 5% on the products if the Trump administration follows through on threats to tax $200 billion of Chinese goods #AceFinanceDesk reports “In violation of the bilateral […]
Ace Worldwide News Group
MARKETS: Apples market valuation surged past the $1 trillion point on Thursday, the first time in history a company has reached that level: But Apple’s Stocks app mistakenly labelled its creator as the world’ s first trillion-dollar company and was not added to the Stocks app: That meant that a small surge in Apple’ s shares showed the company as being worth $1 trillion when it was not #AceFinanceDesk reports August 3, 2018
#AceFinanceReport – Aug.03: Editor says a great way to get people to buy tech shares but things are not what they seem in this world: On the face of it the announcement Apple shares surged 2.5 per cent in the afternoon but then fell back, taking the valuation back to $988bn: The share price closed […]
Ace Worldwide News Group
(LONDON) PPI Claims: Costs Barclays their ‘ Profits ‘ Lender paid £1.4bn to settle with US department of justice over its involvement in mis-selling mortgage-backed securities in the run up to th e financial crisis in 2008 leading to a drop in the first half of 2017 of 29% (£2.34-billion) but will off course write-it-off as a bad debt against taxes #AceFinanceDesk reports August 2, 2018
#AceFinanceReport – Aug.02: Editor says this looks bad for bank on one hand but they will write it off as a bad debt and recoup losses against taxes: Barclays has reported a 29 per cent drop in profits for the first six months of the year, blaming costs relating to legal issues in the US […]
Ace Worldwide News Group

Ace Finance & Markets News

Finance, Business, Markets & Reports

Monthly Archives: August 2017

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

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

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

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

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

#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

#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

#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

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

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