Economic Issues – Avance Economico http://avanceeconomico.com/ Sun, 19 Sep 2021 05:57:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://avanceeconomico.com/wp-content/uploads/2021/07/icon-7.png Economic Issues – Avance Economico http://avanceeconomico.com/ 32 32 Afghan conflict ends but economic problems worsen – Pajhwok Afghan News http://avanceeconomico.com/afghan-conflict-ends-but-economic-problems-worsen-pajhwok-afghan-news/ Sun, 19 Sep 2021 04:59:51 +0000 http://avanceeconomico.com/afghan-conflict-ends-but-economic-problems-worsen-pajhwok-afghan-news/ KABUL (Pajhwok): The conflicts have ended in Afghanistan, but the abnormal interactions between the newly formed government and the world have resulted in huge economic problems in the country. The IMF says it is worried about the humanitarian situation in Afghanistan. The world is pledging over US $ 1 billion in humanitarian aid to Afghanistan. […]]]>

KABUL (Pajhwok): The conflicts have ended in Afghanistan, but the abnormal interactions between the newly formed government and the world have resulted in huge economic problems in the country.

  • The IMF says it is worried about the humanitarian situation in Afghanistan.
  • The world is pledging over US $ 1 billion in humanitarian aid to Afghanistan.
  • China: The member countries of the Shanghai Cooperation Organization (SCO) should help Afghanistan.
  • Russia: SCO countries should restore relations with Kabul
  • Uzbekistan: Afghan money frozen in international banks should be issued
  • The International Union of Muslim Scientists is committed to supporting the new Afghan government.
  • HRW: The Taliban have failed to implement commitments regarding women’s rights.
  • ZalmaiKhalilzad says the current situation in Afghanistan stems from Ashraf Ghani’s brutal flight.
  • Amir Khan Muttaqi on international pressure says that Afghanistan is a country facing economic problems and the world should not put more pressure on it, as such practices were futile in the past.

Attacks and civilian casualties:

The 40-year conflict finally ends after the Taliban captured Panjshir province on September 6.

However, according to reports, eight people were killed and six others injured in various incidents last week.

One person was injured in a targeted attack in Kandahar province. The former police chief of Gizab district of Uruzgan province was killed, an electrician was killed and four civilians injured in an explosion in Kunduz province. One person was found beheaded in the city of Jalalabad, capital of Nangarhar province. No group or individual has so far claimed responsibility for these incidents.

On the other hand, five kidnappers were killed during a clash with the Taliban in Mazar-i-Sharif where a Taliban fighter was also injured.

There were also no war-related incidents during the week, but five former police officers were killed in Kandahar, a former policewoman was killed in Ghor province, two civilians were killed in Paghman district in Kabul and a brother of AmrullahSaleh, former vice-president, was killed in Panjshir province. No group has taken responsibility for these attacks.

The previous week, spokesperson for the resistance movement in Panjshir province, FahimDashti and a movement commander were also killed. However, no one has claimed their involvement in these incidents. The Taliban said the two were killed in internal disputes while some claimed they were killed in an airstrike by Pakistani forces.

The Taliban took control of Kabul about a month ago and also captured Panjshir province on September 6. The movement now controls all of Afghanistan. The Taliban also announced an interim government on September 7, but drew criticism from some countries.

World reactions and issues facing Afghans

The world has so far failed to recognize the new Afghan government, and the United States has frozen Afghan assets after the fall of the old government. Banking services are still not very functional because a person cannot withdraw more than $ 200 per week from their bank account.

These restrictions confronted many people with enormous economic problems and many government officials who had not yet received their salaries.

The International Monetary Fund (IMF) says the economic situation in Afghanistan was worrying and a humanitarian catastrophe was possible in the country. The organization said small money transfers should be allowed to Afghanistan at least for now.

Over $ 1 billion in aid to Afghanistan

The international community, however, promised more than a billion dollars in aid to Afghanistan when the UN had requested 600 million dollars. Some countries have also helped Afghanistan by providing the country with medicine and food.

The Afghan Foreign Ministry hailed the assistance of the international community and noted that countries and international organizations should complete their plans, which remain unfinished, and remove Taliban members from blacklists.

After the capture of Kabul by the Taliban, some countries were strict reactions while others have shown mild reactions.

Reactions last week

Chinese President Xi Jinping, addressing the Shanghai Cooperation Organization (SCO) summit in Tajikistan on Friday, said SCO member countries should interact with Afghanistan on the basis of soft approaches.

Russian President Vladimir Putin has said the world should restore relations with Kabul and new Afghan officials should be encouraged to stay committed to their pledges to normalize the situation.

Uzbek President Shavkat Mirziyoyev said Afghan money in international banks should be released for trusting the Taliban and the SCO should speak with the movement to prevent it from extremism.

The International Union of Muslim Scientists has announced its Support to the new Afghan government and hoped that the government would be able to provide services to its people and to its country. The union said it would cooperate with the new administration in Afghanistan.

The head of Human Rights Watch (HRW), at a meeting on Afghanistan in Geneva, said the Taliban had failed to keep their promises on women’s rights. The UN has accused the Taliban of violating women’s rights. However, the Taliban rejected these claims and declared that women have the right to education, work, property and a good life.

The United Nations Assistance Mission in Afghanistan (UNAMA) said the UN Secretary-General’s Special Representative for Afghanistan, Deborah Lyons, visited Kabul after meeting with the Afghan Deputy Minister of Affairs foreigners, Shir Mohammad Abbas Stanikzai, in Doha.

The source said the two sides discussed women’s rights and the importance of inclusive government. UNAMA said Lyon has also meet with Acting Interior Minister SarajuddinHaqqani in Kabul.

The United States Special Representative for the Reconciliation Process in Afghanistan, ZalmayKhalilzad, noted The abrupt exit of former President Ashraf Ghani last month thwarted a deal under which the Taliban would oppose entry into Kabul and negotiate a political transition.

Afghanistan is a poor country and don’t push it: Muttaqi

Acting Afghan Foreign Minister Mulavi Amir Khan Muttaqi last week Recount reporters that Afghanistan’s relations with the world, region and neighbors were improving day by day, given recent meetings and aid.

He said the Taliban remained committed to their promises after the last US troops left Afghanistan, but the US, instead of appreciating them, froze Afghan assets.

“The United States is a great country, you have to be patient, but Afghanistan is a poor country and no such action should be taken against it, like putting pressure on it, because this policy has been in vain over the years. last two decades, diplomacy and economic relations must be exercised, “he said.

Popular demand from the Taliban

Residents of the Khushamand district of Paktika province say that children’s schools had been closed for the past two decades in their area and that it was necessary to reopen them now.

Dozens of women and students of madrasa in Nangarhar province at a meeting announced its support for the Taliban government and demanded their rights under Sharia law.

Bn / ma

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Peeled in “stable” condition after breathing problems, hospital says http://avanceeconomico.com/peeled-in-stable-condition-after-breathing-problems-hospital-says/ Sat, 18 Sep 2021 18:12:00 +0000 http://avanceeconomico.com/peeled-in-stable-condition-after-breathing-problems-hospital-says/ Brazilian football legend Pele, 80, is in “stable” condition after “respiratory instability” led to his admission to an intensive care unit on Friday morning, Albert Einstein hospital in Sao said. Paulo in a statement. Concerns about Pelé’s health rose on Friday after local media reported he returned to an intensive care unit he had just […]]]>
Brazilian football legend Pele, 80, is in “stable” condition after “respiratory instability” led to his admission to an intensive care unit on Friday morning, Albert Einstein hospital in Sao said. Paulo in a statement.

Concerns about Pelé’s health rose on Friday after local media reported he returned to an intensive care unit he had just left earlier this week while recovering from an ablation of ‘a colon tumor.

The hospital said Pele “exhibited brief respiratory instability” and was admitted to an intensive care unit as a “preventive measure”. After his stabilization, he indicated that he was transferred to “semi-intensive care” and that he was now “stable from a cardiovascular and respiratory point of view”.

Seeking to allay people’s fears over the health of a football legend who many consider to be the greatest player in history, Pelé’s daughter, Kely Nascimento, said on Instagram that he is “recovering well … I promise!”

She added: “The normal recovery scenario for a man his age after an operation like this is sometimes two steps forward and one step back.”

She also posted a photo which she said “was taken earlier” of the three-time World Cup winner wearing a black vest and smiling for the camera.

Pelé has suffered from hip problems for years and cannot walk without help. His public appearances were already cut off before the COVID-19 pandemic and since then he has made some unnecessary forays outside his home near Santos.


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The General Secretary of the GA speaks on the state of agriculture | News, Sports, Jobs http://avanceeconomico.com/the-general-secretary-of-the-ga-speaks-on-the-state-of-agriculture-news-sports-jobs/ Sat, 18 Sep 2021 04:04:20 +0000 http://avanceeconomico.com/the-general-secretary-of-the-ga-speaks-on-the-state-of-agriculture-news-sports-jobs/ PAT CROSSLEY / Sun-Gazette Sen. Gene Yaw, R-Loyalsock, left, and Agriculture Secretary Russell C. Redding stand with members of the Montoursville School District, Future Farmers of America, Brady Steinbacher, Gavin Reeder, Tyler Lepley, Matthias Albert and their advisor, Dan Tucker. Speaking to a room filled with members of the farming community, future student farmers, area […]]]>

PAT CROSSLEY / Sun-Gazette Sen. Gene Yaw, R-Loyalsock, left, and Agriculture Secretary Russell C. Redding stand with members of the Montoursville School District, Future Farmers of America, Brady Steinbacher, Gavin Reeder, Tyler Lepley, Matthias Albert and their advisor, Dan Tucker.

Speaking to a room filled with members of the farming community, future student farmers, area lawmakers and community members, Secretary of State for Agriculture Russell C. Redding said the pandemic has “Reminded us all how important agriculture is, but how fragile this farming system is. “

“If there is a ray of hope in the pandemic, I think it is the appreciation of what we have as individuals and what we have as a community and as a state. in our agricultural industry “, Redding said.

“And, we were reminded how important agriculture is to our state and our national security,” he added.

Redding noted that agriculture should be “at the table” when discussing the economic development of the state.

He added that 18% of the state’s gross product is agriculture and food, with $ 132 billion and 580,000 agriculture-related jobs.

“We now have something definitive to say: what is the size and scale of the industry, and what does it need” Redding said.

“The other important thing is that we wanted to be able to tell each of these students who are taking an agricultural science education, what those jobs and this workforce landscape will look like in the future,” said Redding, speaking of the Future Farmer students who attended Friday’s breakfast.

Redding explained the difficulty of filling jobs when there are not enough students in agricultural programs in schools to fill those jobs.

“How do you inspire someone to join this business? How to transmit to communities and schools which do not have a scientific program AG, what is agriculture? Why should they be interested in studying agriculture? Let’s talk about jobs. Let’s talk about the impact ”, he said.

Redding pointed out how agriculture is at the intersection of some of today’s most important issues.

“It’s food, it’s jobs, it’s the economy, it’s conservation, it’s the environment” Redding said.

“When you start to define agriculture in the state, it’s not an easy thing to do. Everyone has a slightly different definition of what agriculture is ”, he said.

Detailing how different parts of the state define agriculture based on products specific to that region, such as mushrooms in Chester County, grapes in Erie, Lancaster County, dairy, pork, poultry He noted that most people leave out forestry, which includes about 15 million acres of farmland in the state.

Redding addressed the economics of farming, noting that there likely wasn’t a farmer in attendance at the event who wasn’t in transition.

“What do you do with these raw material prices which have been on a wild ride? What are you doing with a dairy industry right now when corn and soybeans have pushed margins to 24% of what they were a year ago, less than a year ago? What are you doing with those poultry and pork guys trying to figure out how to get their animals to enjoy the $ 7 corn? “ he said.

“I can tell you that there is no margin in this” he said. “At the end of the day, it’s about the margin. If there is no margin, then there is no mission.

“It is important that we focus on AG issues, invest in AG” he added.

The animal health issue is important in the state that Redding has classified as a “Animal agriculture” State. He noted that one of the concerns right now revolves around the African swine fever which is raging in the Dominican Republic.

Redding said chronic wasting disease in the deer population is also a concern, which can be a controversial issue.

“It’s part of the animal kingdom and we try to be fair to our deer breeders”, he said.

“It’s a problem both inside and outside the fence. I’m a little fed up with pointing fingers at whether it’s wild deer or domestic deer. In the end, we have a problem ”, he added.

The secretary also spoke about the state’s role in the Chesapeake Bay initiative related to the reduction of nutrients entering the bay.

“It’s no secret that the onus to do the nitrogen and phosphorus work falls on Pennsylvania,” Redding said. “Of the total reduction that remains to be done, 80% of those 50 million pounds of nitrogen must come from agriculture. “

“How are you going to do that?” We cut it in half, but it took 30 years to do it. We no longer have 30 years to do so ”, he said.

“There is a very deep culture of stewardship in agriculture. We want to respect that. We will not achieve the ultimate goal of reductions without the full support and endorsement of the farming community. You will never get there without the resources to get the job done. I’ve never heard a farmer say, “I don’t want to do this. They said to me, ‘I can’t afford to do this’. he added.

Also speaking at the event, Senator Gene Yaw, R-Loyalsock, spoke about an AG Conservation Assistance Program bill he is working on that deals with drinking water.

“I’m not focusing on the Chesapeake Bay; I’m focusing on what we’re doing with our own water here in Pennsylvania, so we don’t have to worry about what’s going on downstream, ” Yaw said.

“We are trying to go back and help the farmers because… the open land is where we need to focus”, he added.

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Union Pacific CEO sees strong economy emerging from pandemic http://avanceeconomico.com/union-pacific-ceo-sees-strong-economy-emerging-from-pandemic/ Fri, 17 Sep 2021 15:00:00 +0000 http://avanceeconomico.com/union-pacific-ceo-sees-strong-economy-emerging-from-pandemic/ [Stay on top of transportation news: Get TTNews in your inbox.] OMAHA, Neb. – As CEO of Union Pacific, Lance Fritz had to find ways to keep freight moving during the coronavirus pandemic as the economy nearly came to a halt and then came back to life. Now it is working to clear a large […]]]>

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OMAHA, Neb. – As CEO of Union Pacific, Lance Fritz had to find ways to keep freight moving during the coronavirus pandemic as the economy nearly came to a halt and then came back to life. Now it is working to clear a large backlog of imported shipments.

In the spring of 2020 – at the height of the pandemic restrictions – the volume of shipments fell by more than 20% before rebounding sharply later in the year. The railways had to quickly downsize their staff while making sure they had enough people to cover virus-related illnesses and quarantines before rehiring at a rapid pace to handle the return in volume.

Current shipping volumes are almost equal, with 2019 signaling that demand has returned to pre-pandemic levels and the economy is strong, although it has weakened somewhat recently with the increase in virus cases. .

The Associated Press interviewed Fritz, 58, who is also president and chairman of the Omaha, Neb-based railroad. His answers have been edited for clarity and length.

Q. What do you think of the bipartisan infrastructure plan that is making its way to Congress?

A. The main attribute is that it roughly doubles the rate of infrastructure spending for the next five years – a total of around $ 1 trillion. And that includes things that we think are vital to the economy: things like broadband being much more widely available, real infrastructure spending on highways, electricity distribution, airports and waterways.

We believe that all of this supports a more vibrant economy, and anything that’s good for the US economy – which helps the US economy grow and prosper – is very good for Union Pacific.

Nati Harnik / Associated press

Q. What does the overall economy look like based on what you hear from railroad customers?

A. He still feels strong. The underlying dynamic is that consumers are still sitting on a lot of money. Lending rates are still historically low. There is still a good and strong demand for housing. The demand for automobiles is strong, but automobile production is impacted by the shortage of chips. We continue to see decent strength in plastics and steel and things like soda ash going into very large parts of the economy and food and refrigerated products.

We get the impression that the delta variant has reduced the top of demand a little. Seems firm, the underlying demand, but the real heat, the very high end, seems to have cooled down a bit, but that doesn’t really bother me as long as the fundamentals stay in place and they have the looking pretty good right now.

Q. How many shipments does the railroad currently handle?

A. At the start of the third quarter and at the end of the second quarter we were at the level of 2019. More recently we have started to dive again below 2019 and it seems to be due to a lot of different reasons: maybe a small impact of the delta variant of COVID, a bit of congested supply chains that are delaying the ability of some of our customers to produce and ship. But I think it’s short term. I don’t feel it’s long term.

Q. Canadian National and Canadian Pacific Railways made headlines this year with their efforts to acquire Kansas City Southern. What do you think are the implications of the Surface Transportation Board’s decision to reject part of CN’s acquisition plan?

Road signs

Drivers want good health and education on emerging technologies. Paul Beavers of PCS Software and Dr Bethany Dixon of Drivers Health Clinic share their views. Listen to a sample above and get the full schedule by going to RoadSigns.TTNews.com.

A. The language of the STB in its rejection of CN’s search for a voting trust to acquire KCS appeared to be quite negative about future mergers and consolidations in the rail industry. It doesn’t look like the STB is going to encourage him.

What we are focusing on is making sure that the process that the STB takes anyone through merger assessment … that it is a fair and transparent process that includes solutions to concerns we have and that it keeps everyone at the same level of rules and standards going through this process.

Q. Why are there currently so many backlogs in intermodal container delivery of imported goods arriving on ships before being transported across the country by railways and delivered to their final destination by trucks?

A. The intermodal supply chain is not just the railroad. We are the middle miles. The supply chain goes from factories, say in Asia, to a distribution warehouse in Chicago somewhere.

Where we’re seeing real bottlenecks right now is on the distribution side where there isn’t enough capacity to meet the demand for boxes and get them out of our intermodal ramps and make them. enter a distribution warehouse. This is both the labor in distribution warehouses and the capacity of the trucks.

This will be resolved when each element of the supply chain has sufficient capacity to handle the total volume of demand. Right now that’s not the case, and that’s why you see ships parked outside of Long Beach and Los Angeles.

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debt crisis, bond default and investor risks http://avanceeconomico.com/debt-crisis-bond-default-and-investor-risks/ Fri, 17 Sep 2021 01:10:00 +0000 http://avanceeconomico.com/debt-crisis-bond-default-and-investor-risks/ The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China on Friday July 23, 2021. Lam Yik | Bloomberg | Getty Images Chinese real estate giant Evergrande is on the brink of collapse, and analysts warn that the potential fallout could have far-reaching […]]]>

The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China on Friday July 23, 2021.

Lam Yik | Bloomberg | Getty Images

Chinese real estate giant Evergrande is on the brink of collapse, and analysts warn that the potential fallout could have far-reaching implications that extend beyond China’s borders.

“The collapse of Evergrande would be the biggest test the Chinese financial system has faced in years,” said Mark Williams, chief economist for Asia at Capital Economics.

Here’s just how serious his problems are and what’s in store for investors.

How did we get here?

After years of rapid expansion and recovering assets while China’s economy was booming, Evergrande is now under crushing $ 300 billion in debt.

The world’s most indebted real estate developer has struggled to pay off its suppliers and has twice warned investors in as many weeks that it could default on its debts.

On Tuesday, Evergrande said its real estate sales would likely continue to drop significantly in September after falling for months, making his cash flow situation even more dire.

The Chinese developer is so huge that the fallout from a potential default could not only hurt the Chinese economy, but spread to markets beyond.

The collapse of Evergrande is said to be the biggest test the Chinese financial system has faced in years.

Marc williams

Capital Economics, Chief Economist for Asia

Banks have also reacted to the deterioration of its cash flow. Some in Hong Kong, including HSBC and Standard Chartered, have refused to grant new loans to buyers of two unfinished Evergrande residential projects, Reuters said.

The rating agencies have repeatedly downgraded the rating of the company, citing its liquidity problems. Evergrande’s problems escalated last year when China introduced rules to control developer borrowing costs. These measures cap debt relative to a company’s cash flows, assets and capital levels.

Its share price has plunged nearly 80% so far this year, and trading in its bonds has been repeatedly halted by Chinese stock exchanges in recent weeks.

What does Evergrande do?

Evergrande is everywhere. Its main activity is real estate and it is the second largest real estate developer in China in terms of sales.

  • Evergrande has more than 1,300 real estate projects in more than 280 cities in China.
  • Its property services management arm is involved in nearly 2,800 projects in more than 310 cities in China.
  • The company has seven units operating across a wide range of industries, including electric vehicles, healthcare, consumer products, video and television production units, and even a theme park.
  • The company claims to have 200,000 employees, but indirectly creates more than 3.8 million jobs each year, according to its website.
  • Evergrande stocks and bonds are included in indices across Asia.

Who will be affected?

The stakeholder group includes banks, suppliers, home buyers and investors.

Evergrande warned this week that escalating problems could lead to broader default risks.

He said that if he can’t repay his debt, it can lead to a “cross-default” situation – where a default triggered in one situation can spread to other bonds, leading to wider contagion.

A bank failure triggered by the collapse of major real estate developers was the most likely scenario that could lead to a hard landing in China.

Marc williams

Capital Economics, Chief Economist for Asia

Learn more about China from CNBC Pro

In fact, sentiment is already spreading to Asian high yield bonds. Yields on Asian offshore bonds, dominated by real estate companies, climbed 13% on average, according to TS Lombard.

It also means foreign investors lose out, the research firm said in a note last week.

“The company’s guarantee to deliver all pre-sold projects is likely to result in overseas stakeholders seeing little or nothing of the final sale of a developer’s assets in the event of a bailout,” TS said. Lombard.

“Hence the prospect of an unequal exchange, where the interests of on-shore lenders – households and banks – are protected to the detriment of holders of off-shore shares and bonds,” the note said.

3. Suppliers

The implications of Evergrande’s failure could spill over to other industries as well if suppliers are not paid. According to S&P Global Ratings, Evergrande may “try to persuade” its suppliers and contractors to accept physical properties as payment – in an effort to preserve liquidity for loan repayments.

I think there will be supportive measures from the central government, and even the central bank, to try to bail out Evergrande.

Dan Wang

economist, Hang Seng Bank

In an August report, S&P estimated that over the next 12 months, Evergrande will have more than 240 billion yuan ($ 37.16 billion) in bills and contractors’ trade debts to settle – about 100 billion. yuan of this amount are due this year.

An Evergrande paint supplier, Shanghai-listed Skshu Paint, said in a filing that the real estate company has paid off some of its debt in the properties – and unfinished ones.

Rating agency Fitch said banks may also have indirect exposure to Evergrande suppliers – the developer’s trade debts stood at 667 billion Chinese yuan, according to Fitch’s analysis.

Is Evergrande Too Big To Fail?

The government is likely to intervene due to the importance of Evergrande, analysts say.

“Evergrande is such an important real estate developer, and it would be a strong signal if anything happened to him,” said Dan Wang, economist at Hang Seng Bank. “I think there will be backing measures from the central government, if not the central bank, to try to bail out Evergrande.”

But a restructuring might be more likely, other analysts say.

“The most likely final phase now is a managed restructuring in which other developers take over unfinished projects from Evergrande in exchange for a share of its land reserve,” Williams of Capital Economics said in a note last week.


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Stocks rebound, but concerns remain about economic recovery http://avanceeconomico.com/stocks-rebound-but-concerns-remain-about-economic-recovery/ Thu, 16 Sep 2021 16:30:23 +0000 http://avanceeconomico.com/stocks-rebound-but-concerns-remain-about-economic-recovery/ Shares rebounded on Wednesday after closing in losses on six of the last seven trading days, with the S&P 500 ending the day about 1.2% below the all-time high earlier this month, the Wall Street Journal reported. Sentiment continues to resonate more widely among investors over concerns about a general pullback after strong performance for […]]]>

Shares rebounded on Wednesday after closing in losses on six of the last seven trading days, with the S&P 500 ending the day about 1.2% below the all-time high earlier this month, the Wall Street Journal reported. Sentiment continues to resonate more widely among investors over concerns about a general pullback after strong performance for much of the year.

Hopes of a strong economic rebound have been hampered recently as the Delta variant wreaks havoc on the American population, while in China supply chain problems and the economic downturn have far-reaching implications for the United States. the global economy.

“We no longer worry about a premature tightening [by the Federal Reserve] killing the rally in equities to concerns about the strength of the recovery weighing on equities, ”said Sebastian Mackay, multi-asset fund manager at Invesco.

While sentiment remains positive for the long term, analysts are watching volatility in the interim as Delta continues to be a cause for concern.

“In the long term, we think stocks are the place to be, despite some volatility in the short term,” said George Mateyo, CIO of Key Private Bank. He believes the current slowdown in growth is consistent with moving into the middle stages of a boom cycle, as opposed to the more robust growth seen at the start of the recovery.

LVOL invests in low volatility securities

For investors who are increasingly concerned about the potential drawbacks, the American Century Low Volatility ETF (LVOL) could be a solution to consider, as it seeks to follow the market for the long term while offering less volatility, especially during a downturn.

LVOL is an actively managed fund that uses the S&P 500 as a benchmark. The fund seeks to provide lower volatility than the market as a whole by seeking asymmetric or downward volatility and investing in companies with strong and steady growth.

It seeks not only to reduce volatility at the portfolio level, but also in its individual securities. Portfolio managers seek to balance returns with risk management by evaluating individual securities and their place and performance within their industry and as a whole.

Securities are sold when they become less viable relative to other opportunities, the risk becomes greater than the potential return, or other events that may change its outlook.

LVOL has an expense ratio of 0.29%.

For more news, information and strategies, visit the Core Strategies channel.


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5 biopharmaceutical stocks to watch amid global economic growth concerns http://avanceeconomico.com/5-biopharmaceutical-stocks-to-watch-amid-global-economic-growth-concerns/ Wed, 15 Sep 2021 22:00:00 +0000 http://avanceeconomico.com/5-biopharmaceutical-stocks-to-watch-amid-global-economic-growth-concerns/ Are these most important biopharmaceutical stocks on your September 2021 watchlist? As stocks continue to sell in September, biopharmaceutical actions continue to gain ground in the stock market today. In addition to investor fears over large-scale sales, new economic data from China is also weighing on the market. stock Exchange now. Namely, China’s retail sales, […]]]>

Are these most important biopharmaceutical stocks on your September 2021 watchlist?

As stocks continue to sell in September, biopharmaceutical actions continue to gain ground in the stock market today. In addition to investor fears over large-scale sales, new economic data from China is also weighing on the market. stock Exchange now. Namely, China’s retail sales, industrial production, and growth in capital investment all slowed down significantly in August. This would to some extent affect the overall outlook for the current global economic recovery. In addition, there is also the factor of the more infectious Delta variant of the coronavirus persisting across the world.

For the most part, all of these factors could highlight the biopharmaceutical industry now. As concerns grow about reopening world trade, investors would look to more defensive actions. Among them, biopharmacy giants such as AstraZeneca (NASDAQ: AZN) and Sanofi (NASDAQ: SNY). Notably, the two companies are also working hard to expand their operations now. On the one hand, AstraZeneca is now focused on supporting general healthcare research in Saudi Arabia. Sanofi also finalized the acquisition of Translate Bio, a biotechnology company specializing in mRNA gene therapy. With all this activity in the biopharmaceutical space now, here are 5 biopharmaceutical actions to watch this week.

The best biopharmaceutical stocks to watch right now

Adagio Therapeutics Inc.

Therapeutic Adagio is a clinical-stage biopharmaceutical company that develops and markets antibody-based solutions for infectious diseases with pandemic potential. Its main product candidate includes ADG20, which is designed to be a potent, long-acting, broadly neutralizing antibody for the treatment and prevention of the virus.

Last week, he announced that the Independent Data Monitoring Committee (IDMC) for the phase 2/3 trial of EVADE of ADG20 had made a recommendation to expand the recruitment of phase 3 trials of ADG20. company. Given the urgent need for additional treatments and preventive options for the pandemic, the company hopes that this inclusion of adolescents and pregnant or breastfeeding women in the next phase of the study will help pave the way for more. of people with access to treatment.

In addition, the company claims that this antibody treatment has the potential to become the preferred prophylactic option for the virus as these groups are currently limited or have no options available. That being said, is ADGI stock worth watching right now?

Source: TD Ameritrade CGU

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Pfizer Inc.

then, we have Pfizer, a multinational pharmaceutical company headquartered in New York City. The company’s portfolio of treatments and drugs have impacted the lives of millions of people around the world and dramatically improved the quality of life. With over 170 years in the industry, the company is certainly a biopharmaceutical titan. Recently, he announced the FDA’s acceptance of a review of a new supplemental drug application for Myfembree. Myfembree is used for the management of moderate to severe pain associated with endometriosis.

Last month, the company also announced that it had entered into a definitive agreement to acquire Trillium, a clinical-stage immuno-oncology company that develops innovative therapies to treat cancer. In addition, under the terms of the agreement, Pfizer will acquire all of the outstanding shares of Trillium for an implied value of $ 2.26 billion or $ 18.50 per share in cash.

The acquisition of Trillium will build on Pfizer’s strong track record in oncology. It will also enhance its hematology portfolio as the company strives to improve outcomes for people living with blood cancers around the world. For these reasons, will you consider investing in PFE stocks?

Top biopharmaceutical stocks (PFE stock)Source: TD Ameritrade CGU

[Read More] The best stocks to buy now? 4 renewable energy actions for your watchlist

Vera Therapeutics Inc.

Vera Therapeutics is a clinical-stage biotechnology company developing transformative treatments for patients with severe immunological diseases. For example, its main program is atacicept, a fusion protein that is under development for IgA nephropathy, a disease with high unmet medical needs and no approved therapy. VERA stock has risen by over 140% in the past year alone.

On August 16, 2021, the company released its second quarter financial results and provided a business update. Vera Therapy said she achieved key clinical and financial milestones in the first half of the year.

Marshall Fordyuce, Founder and CEO of Vera Therapeutics said: “In the second quarter, we launched our Phase 2b clinical trial of atacicept in patients with IgA nephropathy (IgAN) as planned. Known as “ORIGIN”, this trial will potentially demonstrate atacicept as the first disease-modifying treatment for patients with IgAN. ORIGIN is a randomized controlled trial to determine whether the proven ability of atacicept to significantly reduce Gd-IgA1 results in improvements in kidney function, as measured by proteinuria. We look forward to providing additional clinical updates scheduled for the remainder of 2021 through 2022.That being said, will you consider adding VERA stocks to your portfolio now?

VERA stock chartSource: TD Ameritrade CGU

Eli Lilly and company

Another name to consider in the biopharmaceutical industry today would be Eli Lilly and company (THERE IS). In short, LLY is a pharmaceutical goliath with operations across the world. For a sense of scale, the company has offices in 18 countries while its products are strong in around 125 countries. The company’s portfolio currently consists of treatments for a wide range of diseases. This includes, but is not limited to diabetes, cancer, diseases related to the endocrine system, and COVID-19.

Today, LLY’s stock is up over 40% since the start of the year. On top of all this, LLY seems eager to maintain her current momentum. Earlier today, the company revealed it will provide an additional 388,000 doses of its COVID-19 treatment, etesevimab, to the US government. After considering all of this, will you add LLY stock to your watchlist?

best biopharmaceutical stocks (LLY stock)Source: TD Ameritrade CGU

AbbVie Inc.

AbbVie is a biopharmaceutical company that develops cutting-edge drugs with strong clinical performance in areas where needs are great. Its main therapeutic areas include immunology, oncology, neuroscience, virology and eye care. ABBV shares have risen by over 18% over the past year. On Monday, the company announced a partnership with Regenxbio (NASDAQ: RGNX) for collaboration in eye care.

In detail, the two companies will develop and market RGX-314, a unique potential gene therapy for the treatment of wet age-related macular degeneration, diabetic retinopathy and other chronic retinal diseases. Regenxbio will complete its ongoing trials while Abbvie will share the costs of additional RGX-314 trials. By leveraging AbbVie’s global eye care development and business infrastructure, this collaboration could prove fruitful for the company in the years to come. Are you planning to keep an eye on ABBV’s stock with this news?

ABBV stock chartSource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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$ 10 billion in student loan debt wiped out under Biden, but calls are mounting http://avanceeconomico.com/10-billion-in-student-loan-debt-wiped-out-under-biden-but-calls-are-mounting/ Sat, 11 Sep 2021 16:40:00 +0000 http://avanceeconomico.com/10-billion-in-student-loan-debt-wiped-out-under-biden-but-calls-are-mounting/ Finally, on Tuesday an email arrived saying that she had received a 100% discharge. “I cried,” said Ms. King, who is hopeful that she can now afford computer classes at her local community college. The ministry appears to have informed thousands of people of their loan relief on Tuesday, Gokey said. But the confusion remains: […]]]>

Finally, on Tuesday an email arrived saying that she had received a 100% discharge.

“I cried,” said Ms. King, who is hopeful that she can now afford computer classes at her local community college.

The ministry appears to have informed thousands of people of their loan relief on Tuesday, Gokey said. But the confusion remains: several people have received notifications containing inaccurate information. A borrower who attended ITT, for example, received a letter saying his loans to study at Marinello School of Beauty would be cut.

The push for widespread debt cancellation has eclipsed calls to address these glaring administrative issues that urgently need to be addressed, advocates say – ideally before January, when borrowers start receiving bills again.

“The next few weeks and months will be incredibly big,” said Frotman.

He and others have said the Biden administration should prioritize long-standing struggles with the civil service loan forgiveness program, which is supposed to wipe out debts from people who work in government jobs or for purpose. nonprofit for a decade while making payments on their loans. Millions of people could be eligible – the Office of Consumer Financial Protection estimates that one in four American workers is in qualifying employment – but a variety of issues have left the program with a 98 percent refusal rate.

And a new debacle looms: FedLoan, the servicer responsible for guiding borrowers through it, recently announced that he would end his contract with the Department of Education. Its nine million customers will need to be transferred to other service providers, a process that has in the past been fraught with errors.

Education Ministry spokesperson Ms Leon said the agency plans to start broad negotiations on the development of rules “in the coming months” that would address issues of regulating the civil service program. and others, but she gave no details.

Advocates hope the Biden administration will help borrowers like Niki Woodard, who earned a master’s degree in communications from Georgetown University and held non-profit – often low-paying – jobs for more than a decade. Ms. Woodard faithfully made her payments for 10 years and then requested relief on her loan balance, which now stands at nearly $ 60,000.


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Worries about economic recovery rock global equities, dollar par wins http://avanceeconomico.com/worries-about-economic-recovery-rock-global-equities-dollar-par-wins/ Wed, 08 Sep 2021 20:44:00 +0000 http://avanceeconomico.com/worries-about-economic-recovery-rock-global-equities-dollar-par-wins/ People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York, United States, March 19, 2021. REUTERS / Brendan McDermid / File Photo Global and European equities retreat Oil prices end up more than 1% on weak US production Tech stocks drag Wall Street down WASHINGTON / LONDON, Sept. 8 […]]]>

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York, United States, March 19, 2021. REUTERS / Brendan McDermid / File Photo

  • Global and European equities retreat
  • Oil prices end up more than 1% on weak US production
  • Tech stocks drag Wall Street down

WASHINGTON / LONDON, Sept. 8 (Reuters) – Wall Street sank and European stocks suffered their worst one-day rout in three weeks on Wednesday amid uncertainty over the pace of the economic recovery as the dollar fell its gains following the accommodating remarks of a Federal Reserve official. .

The central bank’s accommodative policies and optimism about reopening economies have pushed stocks to record highs, but concerns are growing about the impact of the rise in coronavirus infections due to the Delta variant.

The Dow Jones Industrial Average (.DJI) fell 0.2% to end at 35,029.19 points. The S&P 500 (.SPX) lost 0.13% to 4,514, with the materials, energy and technology sectors leading the declines.

The Nasdaq Composite (.IXIC) fell 0.57% to 15,286.68.

Markets are also still evaluating data from last week which shows the US economy created the fewest jobs in seven months in August, and are wondering how the US central bank will react.

The New York Fed chairman said on Wednesday that the central bank’s decision to cut rates was not indicative of the timing of the rate hike. The conciliatory remarks followed comments from the president of the Federal Bank of St. Louis that the reduction plan should go ahead despite slowing job growth. Read more

“Everything is shrinking, shrinking, shrinking. We’re looking at every central bank – when is the next one?” said Eddie Cheng, head of international multi-asset portfolio management at Wells Fargo Asset Management, adding, “The impact of the Delta variant continues to work like a wild card.”

The Dow Jones Industrial Average (.DJI) fell 76.74 points, or 0.22%, to 35,023.26, the S&P 500 (.SPX) fell 7.8 points, or 0.17%, to 4,512.23 and the Nasdaq Composite (.IXIC) lost 87.96 points, or 0.57%, to 15,286.37 at 2:17 p.m. EST (6:17 p.m. GMT).

MSCI’s global stock index (.MIWD00000PUS) fell 0.42% after seven straight days of gains and European stocks (.STOXX) fell to their lowest in nearly three weeks. The UK FTSE 100 (.FTSE) hit a two-week low.

“September is the month when investors face reality,” said Peter Tuz, chairman of Chase Investment Counsel in Charlottesville, Va., Highlighting uncertainty over the Fed’s cut plans and inflation fears as the reason for which investors take profits or reallocate funds.

The variant of the Delta coronavirus and concerns about the economic recovery also weighed in.

A Fed report released on Wednesday showed the US economy “deteriorated slightly” in August as concerns grew about how the new wave of coronavirus cases would affect the economic recovery. Read more

“What awaits us is a continued but temporary deceleration in economic activity of one to three months which probably started in August,” said Sébastien Galy, senior macro strategist at Nordea Asset Management, earlier in the report. session.

Federal official Robert Kaplan was due to speak later Wednesday.

In Europe, markets have questioned whether the European Central Bank will start cutting its bond buying program this week.

The dollar made some gains after hitting a one-week high against a basket of other major currencies. It also hit a one-week high against the single currency and was trading at $ 1.1826.

The strength of the dollar offset investor risk aversion to put pressure on bullion to a two-week low. Spot prices fell 0.1% and gold futures stabilized 0.3% at $ 1,793.50.

Longer-dated US government bond yields fell on Wednesday and hit a session low after a strong 10-year Treasury auction and the Fed’s beige book on economic activity.

The 10-year German Bund yield also hit eight-week highs before falling back to -0.32%.

“Fears that central banks will start cutting back on asset purchases seem to have shaken confidence a bit, especially given tomorrow’s ECB decision where many expect we will start to see the start of this process, especially with inflation at its highest level in nearly a decade, “Deutsche Bank analysts said in a note.

The largest MSCI index of Asia-Pacific stocks outside of Japan (.MIAPJ0000PUS) fell 0.71%, ending a string of eight sessions of gains.

Bitcoin extended yesterday’s rout, down 1.6%.

Shares of Coinbase Global Inc (COIN.O) fell more than 3% after the company revealed it had received legal advice from the main US market regulator. Read more

Brent stabilized at 1.3% at $ 72.60 per barrel and U.S. West Texas Intermediate (WTI) crude at 1.4% at $ 69.30 per barrel, with prices supported by a slow rebound in production in the Gulf of Mexico after Hurricane Ida struck the region.

Additional reporting by Alun John in Hong Kong; Editing by Kenneth Maxwell & Shri Navaratnam, Editing by Nick Tattersall and Alistair Bell

Our standards: Thomson Reuters Trust Principles.


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Virginia Gubernatorial Candidates Share Strongly Opposing Views on Business and Economy | Government-and-politics http://avanceeconomico.com/virginia-gubernatorial-candidates-share-strongly-opposing-views-on-business-and-economy-government-and-politics/ Wed, 01 Sep 2021 22:33:00 +0000 http://avanceeconomico.com/virginia-gubernatorial-candidates-share-strongly-opposing-views-on-business-and-economy-government-and-politics/ McAuliffe also played with the Northern Virginia business public, reminding them that he had, together with Republican lawmakers, beefed up the Port of Virginia and Washington Dulles International Airport, reached a deal to expand the Interstate. 66 outside the Capital Beltway toll free. to the state and provided funds to rebuild the metro system. He […]]]>

McAuliffe also played with the Northern Virginia business public, reminding them that he had, together with Republican lawmakers, beefed up the Port of Virginia and Washington Dulles International Airport, reached a deal to expand the Interstate. 66 outside the Capital Beltway toll free. to the state and provided funds to rebuild the metro system.

He also touted Virginia’s status as the best state for business on CNBC cable television for the second time in a row, while Youngkin questioned whether the state had earned that status.

“Virginia doesn’t and doesn’t behave like the best,” the Republican candidate said.

But on a key issue for business groups, the state’s “right to work” policy, McAuliffe was silent.

Youngkin grabbed the issue during his remarks, taking a jab at McAuliffe and emphatically vowing to protect the policy.

“If we lose our fight to retain Virginia’s right to work status, it will absolutely torpedo our business climate,” Youngkin said to enthusiastic applause from the business crowd.

After the event, pressed by reporters, McAuliffe ducked whether he supported the repeal of the right to work, saying it was moot as he lacked political support in the legislature . Of the. Hala Ayala, D-Prince William, the Democratic candidate for lieutenant governor, would also not commit to a position on repealing the right to work.


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