· *Forbes recently released its list of the highest paid YouTube stars of 2018, based on data and interviews with industry insiders.*
· *The list is exclusively male, and half of the top-earning YouTubers share a focus on video games.*
· Collectively, the 10 top-earning YouTubers take home more than $180 million a year.

YouTube's impact on the realm of pop culture can't be ignored — the platform's top stars become the world's premiere influencers, coveted for their ability to reach tens of millions of followers on a daily basis.

As influencers become more valuable, many popular YouTubers have been able to turn their personal brands into million-dollar businesses. While the formula for YouTube success varies between channels, the most successful YouTubers have been able to find new sources of income beyond the ad revenue on their videos. For some, that means personal clothing lines and TV appearances, while others have capitalized on their success with sold-out live tours and custom toy brands.

Forbes recently released its list of the highest-paid YouTubers, based on their earnings from June 1, 2017 to June 1, 2018.

*Here's how they rank:*

*SEE ALSO: A 7-year-old boy is making $22 million a year on YouTube reviewing toys*

*NOW READ: PewDiePie will lose his crown as YouTube's biggest star, thanks to India's obsession with Bollywood*

-10. Logan Paul — $14.5 million-

Vlogger Logan Paul was YouTube's fourth-highest earner last year. But his personal brand took a tumble after he uploaded a video of a dead body he found in Japan's Aokigahara forest, a location that is notorious for suicides.

As a result, YouTube removed Paul from the Google Preferred program, impacting his ad revenue. However, his channel continued to rack up subscribers, and he continues to earn income from his personal merchandise and celebrity appearances. Despite the scandal in Japan, Paul was able to increase his earnings by $2 million in the course of a year.

One of Paul's most-watched stunts this year was a pay-per-view boxing match against British YouTuber KSI held in London. The fight ended in a draw and the pair are planning a rematch for next year.-9. PewDiePie — $15.5 million-

In past years, Felix "PewDiePie" Kjellberg was, without question, the world's most successful YouTuber.

But recent scandals accusing the video game commenter of racism and anti-Semitism have led to a slight decline in sponsorships. Still, like Logan Paul, PewDiePie managed to increase his overall earnings by about $3.5 million between June 2017 and June 2018.

PewDiePie still has the most subscribers of any single account on YouTube with more than 73 million, but will likely be overtaken by Bollywood YouTube channel T-Series in early 2019.-8. JackSepticEye — $16 million-

Irish video game streamer Sean "JackSepticEye" McLoughlin was one of the first YouTubers to be a part of PewDiePie's Disney-sponsored Revelmode network, earning him a giant following.

While Disney eventually dumped Revelmode, McLoughlin was eventually signed to create original programming for Disney XD, a TV channel targeted at children and teens. McLoughlin also serves as a host and stage personality for a number of live events and tours in Europe and North America.
See the rest of the story at Business Insider Reported by Business Insider 2 hours ago.

NEW YORK, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

*McDermott International, Inc. (NYSE: MDR)
Class Period: *January 24, 2018 - October 30, 2018
*Lead Plaintiff Deadline: *January 15, 2019
Join the action: https://www.zlk.com/pslra-1/mcdermott-international-inc-loss-form?wire=3

The lawsuit alleges: McDermott International, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was facing strong headwinds and would fail to meet revenue and earnings estimates; (2) there were material problems with the integration of the CB&I business; (3) certain CB&I projects were reasonably likely to incur higher costs; (4) as a result, the fair value of these CB&I projects would be materially impacted; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more about the *McDermott International, Inc.* class action contact jlevi@levikorsinsky.com.*Altice USA, Inc. (NYSE: ATUS)
Class Period: *Pursuant and/or traceable to the June 2017 Initial Public Offering
*Lead Plaintiff Deadline: *January 18, 2019
Join the action: https://www.zlk.com/pslra-1/altice-usa-inc-loss-form?wire=3

The complaint alleges that the Offering Documents issued pursuant to the IPO failed to disclose and/or misstated material information, including that: (1) “The Altice Way” proprietary growth model previously developed in Europe and described in the Offering Documents as a means to achieve superior margin performance was falsely touting Altice’s capacity to face already existing highly competitive environments and ever-changing consumer behaviors; (2) Altice was suffering from aggressively growing competition both in Europe and the United States, directly causing negative and decelerating revenue and EBITDA growth and impacting Altice’s market share; (3) specifically, Altice was suffering from mismanaged rate events, regulatory compliance and poorly managed network and customer care both in its France and Portugal segments, thereby impacting its customer base and churn rate; (4) Altice USA could not simply replicate the “The Altice Way” in the U.S.; and (5) as a result, Altice USA’s Offering Documents were materially misleading at all relevant times. 

To learn more about the *Altice USA, Inc.* class action contact jlevi@levikorsinsky.com.*PPDAI Group Inc. (NYSE: PPDF)
Class Period: *Purchasers of American Depositary Shares pursuant and/or traceable to the Registration Statement issued in connection with PPDAI's November 2017 Initial Public Offering
*Lead Plaintiff Deadline: *January 25, 2019
Join the action: https://www.zlk.com/pslra-1/ppdai-group-inc-ppdf-loss-form?wire=3

The complaint alleges that the Registration Statement issued in connection with the IPO contained materially false and/or misleading statements and/or failed to disclose material information, including that: (1) PPDAI was engaged in predatory lending practices that saddled subprime borrowers and those with poor or limited credit histories with high interest rate debt they could not repay; (2) many of PPDAI’s customers were using PPDAI-provided loans to repay existing loans they otherwise could not afford to repay, thereby inflating PPDAI’s revenues and active borrower numbers and increasing the likelihood of defaults; (3) PPDAI was experiencing increasing delinquency rates, negatively affecting PPDAI’s reserves; (4) PPDAI’s purported “rapid growth” in the number and amount of loans had materially dropped off; and (5) PPDAI was providing online loans to college students despite a government ban on the practice.

To learn more about the *PPDAI Group Inc.* class action contact jlevi@levikorsinsky.com.You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com  Reported by GlobeNewswire 2 hours ago.

Lower sawlog prices in Russia, Brazil and Eastern Europe in the 2Q/18 contributed in a one percent decline in the Global Sawlog Price Index (GSPI) from the previous quarter, reports the Wood Resource Quarterly. In contrast, Western North America and the Baltic States have seen sawlog prices go up the most worldwide the past year.

SEATTLE, Dec. 4, 2018 /PRNewswire/ -- The Global Sawlog Price Index (GSPI) fell by 1.4% from the 1Q/18 to the 2Q/18. This was the first quarter-over-quarter decline since the 4Q/16. Sawlog prices fell on all continents (in US dollar terms) except for North America, where prices in the 2Q/18 were 3.0% higher than the previous quarter and up 13.5% from the 2Q/17. Most of the price increases in North America over the past year have occurred in Western US and Western Canada, while log prices in Eastern Canada and the US South have stayed quite stable during the same time period.

In the Western US, sawlogs prices rose sharply during 2017 and early 2018 but came to a halt in late spring when prices slightly declined. With limited interruptions in harvesting operations and declining log exports in the first half of the year, log supply was sufficient in the summer, which eased the consistently upward price pressure seen over the past two years. Prices are likely to continue downward from their high levels seen the second half of 2018 because of the weakening demand for softwood lumber in the US.

The biggest price declines for sawlogs from the 1Q/18 to the 2Q/18 occurred in Russia, Brazil and Eastern Europe. In the Baltic States, sawlog prices fell about three percent quarter-over-quarter in the 2Q/18 after having increased by more than 20% over the past two years, reports the Wood Resource Quarterly.

Although Russian softwood sawlog prices continued their four-year upward trend in Rouble terms in the 2Q/18, the country had their largest quarter-to-quarter decline in US dollar terms in two years because of the strengthening dollar. In the 2Q/18, average prices in both the Northwestern provinces and in Siberia were down to the same level seen in the 2Q/17.

Global lumber, sawlog and pulpwood market reporting is included in the 56-page quarterly publication Wood Resource Quarterly (WRQ). The report, which was established in 1988 and has subscribers in over 30 countries, tracks sawlog, pulpwood, lumber and pellet prices, trade and market developments in most key regions around the world. *To subscribe to the WRQ, *please go to www.WoodPrices.com

*CONTACT: *

Wood Resources International LLC
Hakan Ekstrom
info@woodprices.com 
www.woodprices.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/wood-resources-international-llc/r/sawlog-prices-fell-on-all-continents-except-north-america-in-the-2q-18--resulting-in-the-first-decli,c2692552

  Reported by PR Newswire Asia 2 hours ago.

4 December  2018

Pursuant to its obligations under the Transparency (Directive 2004/109/EC) Regulations 2007 (“The Regulations”), Irish Continental Group plc sets out below details of a notification received under The Regulations.

Tom Corcoran

Company Secretary

*Standard Form TR-1*

*S**tandard form for notification of major holdings*

*NOTIFICATION OF MAJOR HOLDINGS *(to be sent to the relevant issuer and to the Central Bank of Ireland)^i
 
*1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached*^ii*:*

Irish Continental Group PLC
*2. Reason for the notification *(please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)^iii:

 
*3. Details of person subject to the notification obligation*^iv*:*
Name:

BlackRock, Inc. City and country of registered office (if applicable):

Wilmington, DE, U.S.A.
*4. Full name of shareholder(s)* (if different from 3.)^v:

 
*5. Date on which the threshold was crossed or reached*^vi*: * 30^th November 2018
*6. Date on which issuer notified: *3^rd December 2018
*7. Threshold(s) that is/are crossed or reached:*

Voting rights attached to shares for BlackRock, Inc. has gone below 4%. Additionally, total holding for BlackRock, Inc. has gone below 5%.
*8. Total positions of person(s) subject to the notification obligation:*
  % of voting rights attached to shares (total of 9.A) % of voting rights through financial instruments
(total of 9.B.1 + 9.B.2) Total of both in % (9.A + 9.B) Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached 3.83% 0.97% 4.80% 190,014,390
Position of previous notification (if applicable) 4.96% 0.97% 5.94%  *9. Notified details of the resulting situation on the date on which the threshold was crossed or reached*^viii*:*
*A: Voting rights attached to shares*
*Class/type of
shares*

ISIN code (if possible) *Number of voting rights*^ix *% of voting rights*
* *

*Direct*

  * *

*Indirect*

* * * *

*Direct*

* * * *

*Indirect*

* *
IE00BLP58571   7,271,837   3.83%
*SUBTOTAL A* 7,271,837 3.83%
 
*B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations  *
*Type of financial instrument* *Expiration
date*^x *Exercise/
Conversion Period*^xi *Number of voting rights that may be acquired if the instrument is exercised/converted.* *% of voting rights*
         
    *SUBTOTAL B.1*    
 
*B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations*
*Type of financial instrument* *Expiration
date*^x *Exercise/
Conversion Period *^xi *Physical or cash settlement*^xii *Number of voting rights * *% of voting rights*
CFD N/A N/A Cash Settlement 1,851,771 0.97%
    * * *SUBTOTAL B.2* 1,851,771 0.97%
*10. Information in relation to the person subject to the notification obligation *(please tick the applicable box)*:*

* *

*[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.*^xiii

* *

*[X] Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity*^xiv*:*

* *
*Name*^xv *% of voting rights if it equals or is higher than the notifiable threshold* *% of voting rights through financial instruments if it equals or is higher than the notifiable threshold* *Total of both if it equals or is higher than the notifiable threshold*
See attachment * * * * * *
* * * * * * * *
* * * * * * * *
* * * * * * * *
* * * * * * * *
* *
*11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]*

* *

* *
 
*12. Additional information*^xvi*:*

* *

* *Done at 12 Throgmorton Avenue, London, EC2N 2DL, U.K. on 3^rd December 2018                       *Name*^xv *% of voting rights if it equals or is higher than the notifiable threshold* *% of voting rights through financial instruments if it equals or is higher than the notifiable threshold* *Total of both if it equals or is higher than the notifiable threshold*
BlackRock, Inc.      
BlackRock Holdco 2, Inc.      
BlackRock Financial Management, Inc.      
BlackRock International Holdings, Inc.      
BR Jersey International Holdings L.P.      
BlackRock Holdco 3, LLC      
BlackRock Cayman 1 LP      
BlackRock Cayman West Bay Finco Limited      
BlackRock Cayman West Bay IV Limited      
BlackRock Group Limited      
BlackRock Finance Europe Limited      
BlackRock Investment Management (UK) Limited 3.55% 0.97% 4.52%
       
BlackRock, Inc.      
BlackRock Holdco 2, Inc.      
BlackRock Financial Management, Inc.      
BlackRock International Holdings, Inc.      
BR Jersey International Holdings L.P.      
BlackRock Holdco 3, LLC      
BlackRock Cayman 1 LP      
BlackRock Cayman West Bay Finco Limited      
BlackRock Cayman West Bay IV Limited      
BlackRock Group Limited      
BlackRock International Limited      
       
BlackRock, Inc.      
BlackRock Holdco 2, Inc.      
BlackRock Financial Management, Inc.      
BlackRock Holdco 4, LLC      
BlackRock Holdco 6, LLC      
BlackRock Delaware Holdings Inc.      
BlackRock Fund Advisors       Reported by GlobeNewswire 2 hours ago.

The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington says is a violation of a arms control treaty that keeps missiles out of Europe, saying only Moscow could save the pact. Reported by Reuters 1 hour ago.

"It is a dark day for Europe," the university said in a statement Reported by CBS News 49 minutes ago.

Paris (ESA) Dec 04, 2018

Europe's Galileo satellite navigation system - already serving users globally - has now provided a historic service to the physics community worldwide, enabling the most accurate measurement ever made of how shifts in gravity alter the passing of time, a key element of Einstein's Theory of General Relativity. Two European fundamental physics teams working in parallel have independently ach Reported by Space Daily 1 hour ago.

· Revenue grows 59% year-over-year to $63.3 million
· Calculated billings grow 56% year-over-year to $64.6 million
· Deferred revenue grows 68% year-over-year to $165.3 million
· GAAP net loss of $7.6 million compared to GAAP net loss of $11.4 million on a year-over-year basis
· Non-GAAP net income of $2.0 million compared to Non-GAAP net loss of $7.5 million on a year-over-year basis

SAN JOSE, Calif., Dec. 04, 2018 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its first quarter of fiscal year 2019, ended October 31, 2018.

"We are executing on our vision and seeing good momentum in our business, as reflected in our strong first quarter financial results and increased outlook for the second quarter and full year fiscal 2019. We are seeing significant demand for our high-end Transformation bundle as well as rapid growth in Zscaler Private Access, as more enterprises embrace cloud transformation,” said Jay Chaudhry, Chairman and CEO of Zscaler. "We are very pleased with our operating results, which demonstrate the leverage in our business model. Going forward, we will continue to aggressively invest in our business to pursue our large market opportunity."

*First Quarter Fiscal 2019 Financial Highlights*

· *Revenue:* $63.3 million, an increase of 59% year-over-year.
· *Income (loss) from operations*: GAAP loss from operations was $8.7 million, or 14% of total revenue, compared to $11.3 million in the first quarter of fiscal 2018, or 28% of total revenue. Non-GAAP income from operations was $1.2 million, or 2% of total revenue, compared to loss from operations of $7.4 million in the first quarter of fiscal 2018, or 19% of total revenue.
· *Net Income (Loss):* GAAP net loss was $7.6 million, compared to $11.4 million in the first quarter of fiscal 2018. Non-GAAP net income was $2.0 million, compared to net loss of $7.5 million in the first quarter of fiscal 2018.
· *Net Income (Loss) Per Share:* GAAP net loss per share was $0.06, compared to $0.45 in the first quarter of fiscal 2018. Pro forma non-GAAP net income per share was $0.01, compared to net loss per share of $0.07 in the first quarter of fiscal 2018.
· *Cash Flow:* Cash provided by operations was $11.0 million, or 17% of revenue, compared to cash used in operations of $4.4 million, or 11% of revenue, in the first quarter of fiscal 2018. Positive free cash flow was $5.2 million, or 8% of revenue, compared to negative free cash flow of $8.9 million, or 22% of revenue, in the first quarter of fiscal 2018.
· *Deferred Revenue:* $165.3 million at October 31, 2018, an increase of 68% year-over-year.
· *Cash, cash equivalents and short-term investments:* $314.0 million as of October 31, 2018, an increase of $15.5 million from July 31, 2018 and no debt.

*Recent Business Highlights*

· On November 26, 2018, Zscaler was named a leader in Gartner Secure Web Gateways Magic Quadrant for the 8th year in a row.
· Zscaler released inline Exact Data Match (EDM) with native SSL inspection as part of its Cloud Data Loss Prevention (DLP) service providing more precision while reducing the number of false positives. While traditional DLP-EDM solutions were designed for the “castle-and-moat” security model in a few data centers, Zscaler’s DLP-EDM service can scale to meet the needs of large enterprises with the capacity of one billion data points per customer across 100 data centers globally to protect all users, irrespective of the location.
· Zenith Live Europe, Zscaler’s inaugural European Cloud Summit, took place in London with key industry leaders from global organizations such as Microsoft, Orange Business Services, Boehringer Ingelheim, Carlsberg Group and Thyssenkrupp sharing insights and best practices for secure cloud transformation.
· Zscaler Private Access™ (ZPA™) became the first zero trust architecture to achieve Amazon Web Service (AWS) Security Competency status.  AWS established the AWS Competency Program to help customers identify Consulting and Technology Partners in the Amazon Partner Network (APN) with deep industry experience and expertise.

*Financial Outlook*

For the second quarter of fiscal 2019, we expect:

· Total revenue of $65 to $67 million
· Non-GAAP loss from operations of $1 to $3 million
· Pro forma non-GAAP net loss per share of $0.00 to $0.02, assuming approximately 122 to 123 million common shares outstanding

For the full fiscal 2019, we expect:

· Total revenue of $268 to $272 million
· Non-GAAP loss from operations of $4 to $6 million
· Pro forma non-GAAP net loss per share of $0.01 to $0.03, assuming approximately 124 million common shares outstanding

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization expense of acquired intangibles, significant litigation-related expenses and tax effects associated with these items. We have not reconciled our expectations as to non-GAAP loss from operations and pro forma non-GAAP net loss per share to their most directly comparable GAAP measure because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation for non-GAAP loss from operations and pro forma non-GAAP net loss per share is not available without unreasonable effort.

*Conference Call Information*

Zscaler will host a conference call for analysts and investors to discuss its first quarter fiscal 2019 earnings results and outlook for its second quarter of fiscal 2019 and full year fiscal today at 1:30 p.m., Pacific time (4:30 p.m. Eastern time).

*Date:* Tuesday, December 4  
*Time:* 1:30 p.m. PT (4:30 p.m. ET)  
*Webcast:* https://ir.zscaler.com/  
*Dial-in number:* 334-323-0522 or 877-260-1479  

A live webcast of the conference call will be accessible from the Zscaler website at ir.zscaler.com. Listeners may log on to the call under the "Events & Presentations" section and select "Q1 2019 Zscaler Earnings Conference Call" to participate. A telephone replay of the conference call will be available at approximately 4:30 p.m. PT, December 4 through December 8, 2018 by dialing (888) 203-1112 or (719) 457-0820 and entering the passcode 2625986.

*Forward-Looking Statements*

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding our future financial and operating performance, including our financial outlook for the second quarter of fiscal 2019 and full year fiscal 2019. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our limited operating history; our ability to identify and effectively implement the necessary changes to address execution challenges; risks associated with managing our rapid growth; our limited experience with new product and subscription and support introductions and the risks associated with new products and subscription and support offerings, including the discovery of software bugs; our ability to attract and retain new customers; the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products and subscription and support; rapidly evolving technological developments in the market for network security products and subscription and support offerings; length of sales cycles; and general market, political, economic and business conditions.

Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth from time to time in our filings and reports with the Security Exchange Commission (SEC), including our  Annual Report on Form 10-K for the fiscal year ended July 31, 2018 filed on September 13, 2018, as well as future filings and reports by us, copies of which are available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. You should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

*Use of Non-GAAP Financial Information*

Zscaler believes that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations. For further information regarding why Zscaler believes that these non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the “Explanation of Non-GAAP Financial Measures and Other Key Metrics” section of this press release.

*About Zscaler*

Zscaler^TM enables the world’s leading organizations to securely transform their networks and applications for a mobile and cloud-first world. Its flagship services, Zscaler Internet Access^TM and Zscaler Private Access^TM, create fast, secure connections between users and applications, regardless of device, location, or network. Zscaler services are 100 percent cloud-delivered and offer the simplicity, enhanced security and improved user experience that traditional appliances are unable to match. Used in more than 185 countries, Zscaler operates a multi-tenant distributed cloud security platform, protecting thousands of customers from cyberattacks and data loss. Learn more at zscaler.com or follow us on Twitter @zscaler.

Zscaler, ZIA, ZPA, Zscaler Internet Access and Zscaler Private Access are trademarks or registered trademarks of Zscaler, Inc.

*Investor Relations Contact:*
Bill Choi, CFA
Vice President, Investor Relations
(669) 255-0767
ir@zscaler.com

*Media Relations Contact:*
Angel Badagliacco
Manager, PR
(408) 313-5358
abadagliacco@zscaler.com

 
*Zscaler, Inc.*
*Condensed Consolidated Statements of Operations*
*(In thousands, except per share amounts)*
*(Unaudited)*
  *Three Months Ended
October 31,*
  *2018*   *2017*
Revenue $ 63,298     $ 39,861  
Cost of revenue ^(1) 12,099     8,271  
Gross profit 51,199     31,590  
Operating expenses:      
Sales and marketing ^(1) 36,545     26,928  
Research and development ^(1)(2) 13,186     8,809  
General and administrative ^(1)(3) 10,131     7,130  
Total operating expenses 59,862     42,867  
Loss from operations (8,663 )   (11,277 )
Interest income, net 1,590     195  
Other expense, net (188 )   (27 )
Loss before income taxes (7,261 )   (11,109 )
Provision for income taxes 327     289  
Net loss $ (7,588 )   $ (11,398 )
Accretion of Series C and D redeemable convertible preferred stock —     (2,530 )
Net loss attributable to common stockholders $ (7,588 )   $ (13,928 )
Net loss per share attributable to common stockholders, basic and diluted $ (0.06 )   $ (0.45 )
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 120,587     30,793  

^ (1)  Includes stock-based compensation expense as follows:

  *Three Months Ended
October 31,*
  *2018*   *2017*
Cost of revenue $ 503     $ 109  
Sales and marketing 2,801     785  
Research and development 2,795     398  
General and administrative 1,487     441  
Total stock-based compensation expense $ 7,586     $ 1,733  
   
   
^(2) Includes amortization expense of acquired intangible assets as follows: *Three Months Ended
October 31,*
  *2018*   *2017*
Amortization expense of acquired intangible assets
$ 95     $ —  
   
   
^(3) Includes litigation-related expenses as follows: *Three Months Ended
October 31,*
  *2018*   *2017*
Litigation-related expenses $ 2,174     $ 2,146  

 
*Zscaler, Inc.*
*Condensed Consolidated Balance Sheets*
*(In thousands)*
*(Unaudited)*
  *October 31,*   *July 31,*
  *2018*   *2018*
*Assets*      
Current assets:      
Cash and cash equivalents $ 42,786     $ 135,579  
Short-term investments 271,254     162,960  
Accounts receivable, net 49,228     61,611  
Deferred contract acquisition costs 16,387     16,136  
Prepaid expenses and other current assets 11,949     10,878  
*Total current assets* 391,604     387,164  
Property and equipment, net 24,132     19,765  
Deferred contract acquisition costs, noncurrent 39,591     39,774  
Other noncurrent assets 2,767     1,078  
*Total assets* $ 458,094     $ 447,781  
       
*Liabilities and Stockholders’ Equity*      
Current liabilities:      
Accounts payable $ 4,573     $ 4,895  
Accrued expenses and other current liabilities 14,925     12,313  
Accrued compensation 18,686     23,393  
Liability for early exercised stock options 1,249     1,561  
Deferred revenue 144,472     140,670  
*Total current liabilities* 183,905     182,832  
Deferred revenue, noncurrent 20,807     23,353  
Other noncurrent liabilities 1,204     1,360  
*Total liabilities* 205,916     207,545  
*Stockholders’ Equity*      
Common stock 122     119  
Additional paid-in capital 455,761     438,392  
Notes receivable from stockholders —     (2,051 )
Accumulated other comprehensive loss (317 )   (124 )
Accumulated deficit (203,388 )   (196,100 )
*Total stockholders’ equity* 252,178     240,236  
*Total liabilities and stockholders’ equity* $ 458,094     $ 447,781  

 
*Zscaler, Inc.*
*Condensed Consolidated Statements of Cash Flows*
*(In thousands)*
*(Unaudited)*
  *Three Months Ended
October 31,*
  *2018*   *2017*
*Cash Flows From Operating Activities*      
Net Loss $ (7,588 )   $ (11,398 )
Adjustments to reconcile net loss to cash provided by operating activities:      
Depreciation and amortization expense 2,170     1,921  
Amortization of acquired intangible assets 95     —  
Amortization of deferred contract acquisition costs 4,324     2,868  
Stock-based compensation expense 7,586     1,733  
Other (317 )   (47 )
Changes in operating assets and liabilities:      
Accounts receivable 12,383     8,621  
Deferred contract acquisition costs (4,392 )   (4,208 )
Prepaid expenses and other assets (1,138 )   (686 )
Accounts payable (768 )   (2,065 )
Accrued expenses and other liabilities 2,110     755  
Accrued compensation (4,707 )   (3,493 )
Deferred revenue 1,256     1,647  
*Net cash provided by (used in) operating activities* 11,014     (4,352 )
*Cash Flows From Investing Activities*      
Purchases of property and equipment (5,414 )   (4,010 )
Capitalized internal-use software (356 )   (534 )
Acquired intangible assets (1,480 )   —  
Purchases of short-term investments (137,429 )   —  
Proceeds from maturities of short-term investments 29,333     —  
*Net cash used in investing activities* (115,346 )   (4,544 )
*Cash Flows From Financing Activities*      
Payments of costs related to initial public offering (230 )   (1,443 )
Proceeds from issuance of common stock upon exercise of stock options 9,796     1,211  
Repurchases of unvested common stock (22 )   (3,090 )
Repayments of notes receivable from stockholders 1,905     —  
*Net cash provided by (used in) financing activities* 11,449     (3,322 )
Net decrease in cash, cash equivalents and restricted cash (92,883 )   (12,218 )
Cash, cash equivalents and restricted cash at beginning of period 136,147     88,546  
Cash, cash equivalents and restricted cash at end of period $ 43,264     $ 76,328  
*Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the statements of cash flows above:*      
Cash and cash equivalents $ 42,786     $ 75,760  
Restricted cash, current 186     180  
Restricted cash, non-current 292     388  
*Total cash, cash equivalents and restricted cash* $ 43,264     $ 76,328  

 
*Zscaler, Inc.*
*Reconciliation of GAAP to Non-GAAP Financial Measures*
*(In thousands)*
*(Unaudited)*
   
  *Three Months Ended
October 31,*
  *2018*   *2017*
       
*Revenue* $ 63,298     $ 39,861  
       
*Non-GAAP Gross Profit and Non-GAAP Gross Margin*      
GAAP gross profit $ 51,199     $ 31,590  
Add: Stock-based compensation expense included in cost of revenue 503     109  
Non-GAAP gross profit $ 51,702     $ 31,699  
GAAP gross margin 81 %   79 %
Non-GAAP gross margin 82 %   80 %
       
*Non-GAAP Income (Loss) from Operations and Non-GAAP Operating Margin*      
GAAP loss from operations $ (8,663 )   $ (11,277 )
Add:      
Stock-based compensation expense 7,586     1,733  
Litigation-related expenses 2,174     2,146  
Amortization expense of acquired intangible assets 95     —  
Non-GAAP income (loss) from operations $ 1,192     $ (7,398 )
GAAP operating margin (14 )%   (28 )%
Non-GAAP operating margin 2 %   (19 )%

 
*Zscaler, Inc.*
*Reconciliation of GAAP to Non-GAAP Financial Measures*
*(In thousands, except per share amounts)*
*(Unaudited)*
   
  *Three Months Ended
October 31,*
  *2018*   *2017*
*Non-GAAP Net Income (Loss) per Share Attributable to Common Stockholders, Diluted*      
GAAP net loss attributable to common stockholders $ (7,588 )   $ (13,928 )  
Stock-based compensation expense 7,586     1,733    
Litigation-related expenses 2,174     2,146    
Amortization expense of acquired intangible assets 95     —    
Accretion of Series C and D redeemable convertible preferred stock —     2,530    
Income tax expense effects ^(1) (261 )   —    
Non-GAAP net income (loss) attributable to common stockholders $ 2,006     $ (7,519 )  
       
GAAP net loss per share attributable to common stockholders, diluted $ (0.06 )   $ (0.45 )  
Stock-based compensation expense 0.06     0.06    
Litigation-related expenses 0.02     0.07    
Amortization expense of acquired intangible assets —     —    
Accretion of Series C and D redeemable convertible preferred stock —     0.08    
Income tax expense effects —     —    
Non-GAAP net income (loss) per share attributable to common stockholders, basic and diluted ^(2) $ 0.01     $ (0.24 )  
Weighted-average shares used in computing non-GAAP net loss per share attributable to common stockholders, diluted 133,845     30,793    

___________

^(1) The income tax expense effects for our fiscal quarter ended October 31, 2018, relate primarily to the excess tax deduction of stock-based compensation recognized in the current quarter. The income tax effects from foreign jurisdictions were not material in prior periods. For our U.S. entities, we do not include the impact of income taxes on the non-GAAP items due to our continued history of non-GAAP losses and full valuation allowance.

^(2) The sum of the non-GAAP per share attributable to common stockholders of individual line items excluded from our non-GAAP net income (loss) may not total to the non-GAAP net income (loss) per share attributable to common stockholders due to rounding.

 
*Zscaler, Inc.*
*Reconciliation of GAAP to Non-GAAP Financial Measures*
*(In thousands, except per share data)*
*(Unaudited)*
   
  *Three Months Ended October 31,*
  *2018*   *2017*
*Pro Forma Non-GAAP Net Income (Loss) per Share Attributable to Common Stockholders*      
*Numerator:*      
GAAP net loss attributable to common stockholders $ (7,588 )   $ (13,928 )  
Stock-based compensation expense 7,586     1,733    
Litigation-related expenses 2,174     2,146    
Amortization expense of acquired intangible assets 95     —    
Accretion of Series C and D redeemable convertible preferred stock —     2,530    
Income tax expense effects ^(1) (261 )   —    
Non-GAAP net income (loss) attributable to common stockholders $ 2,006     $ (7,519 )  
       
*Denominator:*      
Weighted-average shares used in computing GAAP net loss per share attributable to common stockholders, diluted 120,587     30,793    
Potentially diluted shares 13,258     —    
Pro forma adjustment to reflect assumed conversion of our convertible preferred stock as of the beginning of the period ^(2) —     72,500    
Weighted-average shares used in computing pro forma non-GAAP net income (loss) per share attributable to common stockholders, diluted ^(2) 133,845     103,293    
Pro forma non-GAAP net income (loss) per share attributable to common stockholders, diluted ^(2) $ 0.01     $ (0.07 )  

___________

^(1) The income tax expense effects for our fiscal quarter ended October 31, 2018, relate primarily to the excess tax deduction of stock-based compensation recognized in the current quarter. The income tax effects from foreign jurisdictions were not material in prior periods. For our U.S. entities, we do not include the impact of income taxes on the non-GAAP items due to our continued history of non-GAAP losses and full valuation allowance.

^(2) We define pro forma non-GAAP net income (loss) per share attributable to common stockholders as the weighted-average shares used in computing the GAAP net loss per share attributable to common stockholders plus a pro forma adjustment to give effect to the automatic conversion of our redeemable convertible preferred stock into 72,500,750 shares of common stock as though the conversion had occurred as of the beginning of the periods presented. Upon the closing of our initial public offering on March 20, 2018, all our outstanding shares of redeemable convertible preferred stock automatically converted into 72,500,750 shares of common stock on a one-to-one basis.

 
*Zscaler, Inc.*
*Reconciliation of GAAP to Non-GAAP Financial Measures*
*(In thousands)*
*(Unaudited)*
   
  *Three Months Ended
October 31,*
  *2018*   *2017*
*Calculated Billings*      
Revenue $ 63,298     $ 39,861  
Add: Total deferred revenue, end of period 165,279     98,266  
Less: Total deferred revenue, beginning of period (164,023 )   (96,619 )
Calculated billings $ 64,554     $ 41,508  
       
  *Three Months Ended
October 31,*
  *2018*   *2017*
*Free Cash Flow*      
Net cash provided by (used in) operating activities $ 11,014     $ (4,352 )
Less:      
Purchases of property and equipment (5,414 )   (4,010 )
Capitalized internal-use software (356 )   (534 )
Free cash flow $ 5,244     $ (8,896 )
As a percentage of revenue:      
Net cash provided by (used in) operating activities 17 %   (11 )%
Less:      
Purchases of property and equipment (8 )   (10 )
Capitalized internal-use software (1 )   (1 )
Free cash flow margin 8 %   (22 )%
           
           

*Zscaler, Inc.*
*First Quarter Fiscal 2019 Financial Results*
*Explanation of Non-GAAP Financial Measures and Other Key Metrics*

In addition to our results determined in accordance with generally accepted accounting principles in the United States of America (GAAP), we believe the following non-GAAP measures are useful in evaluating our operating performance. We use the following non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In particular, free cash flow is not a substitute for cash used in operating activities. Additionally, the utility of free cash flow as a measure of our liquidity is further limited as it does not represent the total increase or decrease in our cash balance for a given period. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. A reconciliation of the company's historical non-GAAP financial measures to their most directly comparable financial measure stated in accordance with GAAP has been provided in the financial statement tables included in this press release. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Investors are encouraged to review these reconciliations, and not to rely on any single financial measure to evaluate our business.

*Non-GAAP Gross Profit and Non-GAAP Gross Margin*. We define non-GAAP gross profit as GAAP gross profit excluding stock-based compensation expense. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue.

*Non-GAAP Income (Loss) from Operations and Non-GAAP Operating Margin*. We define non-GAAP income (loss) from operations and non-GAAP operating margin as GAAP loss from operations and GAAP operating margin, respectively, excluding stock-based compensation expense, certain litigation-related expenses and amortization expense of acquired intangible assets. These excluded litigation-related expenses are professional fees and related costs incurred by us in defending against significant claims that we deem not to be in the ordinary course of our business and, if applicable, accruals related to estimated losses in connection with these claims. There are many uncertainties and potential outcomes associated with any litigation, including the expense of litigation, timing of such expenses, court rulings, unforeseen developments, complications and delays, each of which may affect our results of operations from period to period, as well as the unknown magnitude of the potential loss relating to any lawsuit, all of which are inherently subject to change, difficult to estimate and could adversely affect our results of operations.

*Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share Attributable to Common Stockholders Diluted*. We define non-GAAP net income (loss) as GAAP net loss plus stock-based compensation, litigation-related expenses, amortization expense of acquired intangible assets, accretion of Series C and Series D redeemable convertible preferred stock and tax effects associated with these items. We estimate the tax effect of these items to determine a non-GAAP annual effective tax rate applied to the pretax amount in order to calculate the non-GAAP provision for income taxes. We define non-GAAP net income (loss) per share attributable to common stockholders, diluted, as non-GAAP net income (loss) divided by the weighted-average diluted shares outstanding, which includes the dilutive effect of potentially diluted common stock equivalents outstanding during the period. We believe that excluding these items from non-GAAP net income (loss) and non-GAAP net income (loss) per share attributable to common stockholders, diluted, provides management and investors with greater visibility into the underlying performance of our core business operating results.

*Pro Forma Non-GAAP Net Income (Loss) per Share Attributable to Common Stockholders, Diluted*. We define pro forma non-GAAP net income (loss) per share attributable to common stockholders, diluted, as the weighted-average shares used in computing the GAAP net loss per share attributable to common stockholders, diluted, plus a pro forma adjustment to give effect to the automatic conversion of our redeemable convertible preferred stock into 72,500,750 shares of common stock as though the conversion had occurred as of the beginning of the periods presented. Upon the closing of our initial public offering on March 20, 2018, all our outstanding shares of redeemable convertible preferred stock automatically converted into 72,500,750 shares of common stock on a one-to-one basis. We believe that giving effect to the conversion of our redeemable convertible preferred stock as though the conversion had occurred as of the beginning of the periods presented is necessary to provide meaningful comparison between periods.

*Calculated Billings*. We define calculated billings as total revenue plus the change in deferred revenue in a period. Calculated billings in any particular period aims to reflect amounts invoiced for subscriptions to access our cloud platform, together with related support services related to our new and existing customers. We typically invoice our customers annually in advance, and to a lesser extent quarterly in advance, monthly in advance or multi-year in advance.

*Free Cash Flow and Free Cash Flow Margin*. We define free cash flow as net cash used in operating activities less purchases of property and equipment and capitalized internal-use software. We define free cash flow margin as free cash flow divided by revenue. We believe that free cash flow and free cash flow margin are useful indicators of liquidity that provide information to management and investors about the amount of cash generated from our operations that, after the investments in property and equipment and capitalized internal-use software, can be used for strategic initiatives, including investing in our business and strengthening our financial position.

  Reported by GlobeNewswire 46 minutes ago.

NESS ZIONA, Israel, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Sol-Gel Technologies Ltd. (NASDAQ: SLGL) (“Sol-Gel” or the “Company”), a clinical-stage dermatology company focused on identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases, today announced it has entered into a sixth collaborative agreement with Perrigo Israel, an affiliate of Perrigo Company plc ("Perrigo") (NYSE; TASE: PRGO), for the development, manufacturing and commercialization of a generic product candidate.Consistent with Sol-Gel’s prior agreements with Perrigo, Perrigo will seek regulatory approval with the U.S. Food and Drug Administration (“FDA”) for this generic product candidate. If approved by the FDA, Perrigo has agreed to commercialize the generic product candidate in the United States. Sol-Gel and Perrigo will share the development costs and the gross profits generated from the sales of the generic product candidate, if approved.

“Sol-Gel anticipates that building a portfolio of generic product candidates with favorable commercial agreements can supplement its branded pipeline and potentially have a meaningful contribution to the Company’s operating income,” stated Alon Seri-Levy, Chief Executive Officer of Sol-Gel. “This strategy first came to fruition last January when Perrigo received tentative approval from the FDA for ivermectin cream, 1%, developed in collaboration with Sol-Gel.  Perrigo was second to file and, as of today, has the only reported tentative approval for ivermectin cream, 1%, and there is no public disclosure of a third filer to the FDA," added Dr. Seri-Levy.

*About Perrigo*

Perrigo Company plc, a leading global healthcare company, delivers value to its customers and consumers by providing Quality Affordable Healthcare Products^®. Founded in 1887 as a packager of home remedies, Perrigo has built a unique business model that is best described as the convergence of a fast-moving consumer goods company, a high-quality pharmaceutical manufacturing organization and a world-class supply chain network. Perrigo is the world's largest manufacturer of over-the-counter ("OTC") healthcare products and supplier of infant formulas for the store brand market. The Company also is a leading provider of branded OTC products throughout Europe, as well as a leading producer of "extended topical" prescription drugs. Perrigo, headquartered in Ireland, sells its products primarily in North America and Europe, as well as in other markets, including Australia, Israel and China. Visit Perrigo online at (http://www.perrigo.com).

*About Sol-Gel Technologies*

Sol-Gel is a clinical-stage dermatology company focused on identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases. Sol-Gel’s current product candidate pipeline consists of late-stage branded product candidates that leverage our proprietary, silica-based microencapsulation technology platform, and several generic product candidates across multiple indications. For additional information, please visit www.sol-gel.com.

*Forward-Looking Statements*

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statement, including but not limited to, the following: the fact that we have and expect to continue to incur significant losses; our need for additional funding, which may not be available; our ability to complete the development of our product candidates; our ability to obtain and maintain regulatory approvals for our product candidates in our target markets and the possibility of adverse regulatory or legal actions relating to our product candidates even if regulatory approval is obtained; our ability to rely on data from our Phase II TWIN trial to advance the development of SIRS-T; our ability to commercialize our product candidates; our ability to obtain and maintain adequate protection of our intellectual property; our ability to manufacture our product candidates in commercial quantities, at an adequate quality or at an acceptable cost; our ability to establish adequate sales, marketing and distribution channels; acceptance of our product candidates by healthcare professionals and patients; the possibility that we may face third-party claims of intellectual property infringement; the timing and results of clinical trials that we may conduct or that our competitors and others may conduct relating to our or their products; intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do; potential product liability claims; potential adverse federal, state and local government regulation in the United States, Europe or Israel; and loss or retirement of key executives and research scientists. These and other important factors discussed in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 26, 2018 and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

*For further information, please contact:
*Sol-Gel Contact:
Gilad Mamlok
Chief Financial Officer
+972-8-9313433

Investor Contact:
Patricia L. Bank
Westwicke Partners
+1-415-513-1284
patti.bank@westwicke.com Reported by GlobeNewswire 46 minutes ago.

A Canadian dancer who starred in a stage show that entertained troops in Europe during the Second World War and found fame on CBC Television has died. Lund was 97. Reported by CBC.ca 24 minutes ago.

Blink, and you could pass through Europe’s smaller nations without realising. Reported by Myjoyonline 6 minutes ago.

TORONTO, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the fourth quarter ending December 31, 2018. Payment will be made on January 15, 2019 to common shareholders of record as at December 31, 2018.

Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date.

Full details of the DRIP program are available on the Company website through the following link: http://www.altusgroup.com/wp-content/uploads/2018/03/drip-reinvestment-plan.pdf 

Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as ʺeligible dividendsʺ for purposes of subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless indicated otherwise.

*About Altus Group Limited*

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit: www.altusgroup.com.

*FOR FURTHER INFORMATION PLEASE CONTACT:*

*Altus Group Limited*

Camilla Bartosiewicz
Vice President, Investor Relations
416-641-9773
camilla.bartosiewicz@altusgroup.com Reported by GlobeNewswire 36 minutes ago.

ING announced today that Tanate Phutrakul will succeed Koos Timmermans as CFO of ING. As announced on 11 September 2018, in consultation with the Supervisory Board, Koos Timmermans will step down from his position as chief financial officer and member of the Executive Board of ING Group and will leave the company.

In order to ensure an orderly transition Tanate Phutrakul will succeed Koos Timmermans, being appointed as CFO and member of the Management Board Banking on 7 February 2019, after the presentation of the 2018 fourth quarter and full year results, which is scheduled for 6 February 2019. The Supervisory Board will nominate Tanate Phutrakul for appointment as a member of the Executive Board of ING Group at the Annual General Meeting in April 2019. The appointments have been approved by the European Central Bank.

Tanate Phutrakul (Thai, 1965) is currently ING Group Controller. He first joined ING in 1998 as managing director of ING Barings Securities Thailand. From 2003 until 2008 he served as head of Wholesale Banking and chief financial officer of TMB Bank in Thailand. In 2008 he rejoined ING to become CFO of the Operations and IT unit and later of Retail Banking International. In 2015 he took up the position of CFO of ING in Belgium, a role he held until 1 October of 2018.

Tanate Phutrakul holds a master's degree in Chemical Engineering from Imperial College, University of London and an MBA from Harvard Business School.

*
*

*Note for editors*

For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. Footage (B-roll) of ING is available via ing.yourmediakit.com or can be requested by emailing info@yourmediakit.com. ING presentations are available at SlideShare.

Press enquiries   Investor enquiries
Raymond Vermeulen   ING Group Investor Relations
+31 20 576 6369   +31 20 576 6396
Raymond.Vermeulen@ing.com   Investor.Relations@ing.com
     
 

*ING PROFILE*

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 52,000 employees offer retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability forms an integral part of ING's strategy, evidenced by ING's ranking in the banks industry group by Sustainalytics. ING Group shares are included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World), where ING is also among the leaders in the banks industry group.

 

*IMPORTANT LEGAL INFORMATION*

Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014.

Projects may be subject to regulatory approvals.

Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) potential consequences of European Union countries leaving the European Union or a break-up of the euro, (4) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness, (5) changes affecting interest rate levels, (6) changes affecting currency exchange rates, (7) changes in investor and customer behaviour, (8) changes in general competitive factors, (9) changes in laws and regulations and the interpretation and application thereof, (10) geopolitical risks and policies and actions of governmental and regulatory authorities, (11) changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof, (12) conclusions with regard to purchase accounting assumptions and methodologies, and other changes in accounting assumptions and methodologies including changes in valuation of issued securities and credit market exposure, (13) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (14) changes in credit ratings, (15) the outcome of current and future legal and regulatory proceedings, (16) operational risks, such as system disruptions or failures, breaches of security, cyber attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business, (17) the inability to protect our intellectual property and infringement claims by third parties, (18) the inability to retain key personnel, (19) business, operational, regulatory, reputation and other risks in connection with climate change, (20) ING's ability to achieve its strategy, including projected operational synergies and cost-saving programmes and (21) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING's more recent disclosures, including press releases, which are available on www.ING.com. Many of those factors are beyond ING's control.

Any forward looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

*Attachment*

· Tanate Phutrakul to succeed Koos Timmermans.pdf Reported by GlobeNewswire 26 minutes ago.

Pinnacle Group was named one of three top supplier honorees at MetLife’s Supplier Forum on Nov. 30 at their headquarters in New York City.

DALLAS (PRWEB) December 04, 2018

Pinnacle Group was named one of three top supplier honorees at MetLife’s Supplier Forum on Nov. 30 at their headquarters in New York City. The Supplier Forum is a collaboration between Supplier Inclusion and Development & Global Sustainability, which encompasses suppliers across the United States. Pinnacle Group’s Chairman and CEO, Nina Vaca, accepted the Diverse Supplier Opportunity Award on behalf of the company, which was the only workforce solutions provider to receive this award in 2018.

“Since becoming a supplier to MetLife, Pinnacle has consistently gone above and beyond, delivering superior service tailored to MetLife’s specific goals,” said Michael Schiappa, Vice President of Global Procurement Services at MetLife. “It’s almost unheard of for a first-year supplier to be named a top supplier, but Pinnacle’s stellar performance has earned it recognition as the best of the best. We are thrilled to present Pinnacle with this award for its steadfast dedication to delivering exceptional solutions.”

Pinnacle Group is consistently recognized by its clients, industry associations, and national business publications for both its exceptional service and its enormous growth. In 2018 and 2015, Pinnacle was named the fastest-growing women-owned company in the nation by the Women Presidents’ Organization (WPO) and in 2018, was named to the Inc. 500/5000 list of fastest-growing private companies in the country for the 13th time, making it one of only seven companies to do so in the history of the list.

“From the very beginning, Pinnacle’s mission has been to provide phenomenal service to our customers,” Vaca said. “Since 2017 we have been honored to serve MetLife, an industry leader known globally for its commitment to service and excellence. Pinnacle shares these values and is proud to be viewed by MetLife as a strategic partner. We look forward to the opportunity to grow our partnership.”

About Pinnacle
Pinnacle Group is a leading provider of information technology services and workforce solutions. Founded in 1996, Pinnacle Group provides innovative IT services and managed solutions to iconic global brands. Consistently named one of the fastest-growing companies in the country by renowned organizations, Pinnacle Group has become one of the largest providers in its industry with thousands of IT professionals providing services across the United States and Canada. For more information, visit http://www.pinnacle1.com.

About MetLife
MetLife, Inc. through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit http://www.metlife.com. Reported by PRWeb 25 minutes ago.

In Europe’s largest economy, the ‘Mittelstand’ is vital to drive change Reported by FT.com 2 hours ago.

It is attrition, suffocation and contortion. While Theresa May’s Brexit program, weak, compromising and cobbled as it is, endures that bit longer, her opponents from within and without government have been essentially undercutting her on various fronts.

Foppish and solutions-free Boris Johnson does so from the perspective that the May program as it has been agreed to with the EU so far is a case of Britannia surrendering to the wickedness of the Continent. He prefers, according to Sir Roger Gale, “the grievance to the solution”.

In the Commons, Johnson persisted with his motif of imprisonment and punishment for the sceptred isle: that the bureaucrats across the channel were cooking up a terrible fate for Britain were the backstop not to be removed from any arrangement. “They will keep us in permanent captivity as a momento mori, as a reminder to the world of what happens to all those who try to leave the EU.” Britain would be hostage to Spanish claims on Gibraltar, the French purloining of its fish and bankers, and German pressing for concessions on the free movement of EU nationals.

Opposition parties assail the prime minister from the perspective that the entire campaign for Brexit, and government behaviour since, has been a tissue of irresponsibility and lying. They are often not sure which, but they are chancing it. Labour’s Jeremy Corbyn is, however, playing a double game. Being himself sympathetic with the Leavers, he can only, as of this time, trash the Chequers proposals with indignant scrutiny. Before his fellow parliamentarians, Corbyn insisted that May’s plan would cause a severe case of economic shrinkage: some 4 percent, precipitating the loss of £100 billion over the course of fifteen years.

What exercised the House of Commons on this occasion most, however, was a historical incident of singular rarity. Members from Labour and the DUP were permitted by Speaker John Bercow to submit an emergency motion to find the government in contempt. The motion carried.

The May government had not done itself any favours in that regard, equipping opponents with the bombs to duly situate under their chairs. As if channelling her former self as home minister, the secretive May refused to release the full legal advice behind the Brexit deal that may yet be doomed. A circulating rumour (for much, in these shadows, remains rumour), is the fear that the backstop might keep Northern Ireland in the EU customs union indefinitely.

The government defence proved to be stock standard and would, in most instances, have worked: to release such a report would expose vulnerabilities in negotiating positions ahead of further talks with the EU, thereby rewarding the very individuals deemed enemies by many in parliament. Besides, argued transport secretary Chris Grayling, himself a former lord chancellor, it remained “a central part of the principles of our legal system that the advice provided from a lawyer to their client is treated as confidential.”

Such is the dire, panicked state of British politics at the moment than even old principles of legal propriety, including that of professional privilege, should be seen to be broken in the higher national interest. Parliament, as the people’s arbiter, must be informed, and not releasing the attorney general’s legal advice failed to comply, according to the parties behind the contempt motion, with the Commons resolution of November 13. That resolution stemmed from the principle that legal advice on the Brexit deal would be published in its entirety.

Attempt to placate opponents were duly made. The first was the release by the government of an overview on Monday covering the gist of the attorney general’s legal advice. Then came the appearance of Attorney General Geoffrey Cox in the Chamber. He expressed a willingness to answer questions put to him, but this proved a minor sedative to the proceedings. A three-line whip, deployed by Conservative MPs in an effort to shield the government, also failed.

Cox’s responses conceded various government weaknesses in their negotiations with the EU. He would have preferred, for instance, “a unilateral right of termination” over the Northern Ireland backstop. Additionally, he would have also liked to see “a clause that would have allowed us to exit if negotiations had irretrievably broken down.” But such frankness was to no avail, and Andrea Leadsom, the Commons leader, was compelled to accede to the wishes of the opponents, with the full advice set to be published on Wednesday.

Contempt matters are ancient things, the sort referred to a privileges committee. But the focus here will be less seeking sanction against any relevant minister, including Cox, than the vote on December 11 in a house that is already faltering. The government, surmised shadow Brexit secretary Keir Starmer, “has lost its majority and the respect of the house”. At this point, the deal in this form will be scuppered, leaving a drawing board bereft of options. Those filling the void will do so with a formula so repetitive it has become traditional: extol the scenario of total collapse, or embrace the fiction a world outside Europe that can act as appropriate replacement for British trade and power. Reported by Eurasia Review 2 hours ago.

Global capitalism is growing old because in the last ages it is falling apart. The first yield example of this decline was economic depression of 1930s and global financial crash of 1997 in the East that began from Thailand, spread in contagion context over to the whole East Asia and finally reached Russia in 1998. Russia suffered from the complete economic meltdown. The crisis was scary and had brought a complex version of socio-economic challenges to the newly born Russian state.

With this economic jolt, the crisis had also dragged Latin America into its ardor because the global capitalism is linked with all nations not only via free trade but via free movement of capital too. Lenin predicted the crisis hundred years ago, when he published his famous piece “Imperialism: the highest stage of capitalism”. Moreover, it is a fact that the sudden economic crash has a contagion effect: the economic depression on one side of the globe has a spill over effect over all other nations.

Basically, it was the rapid growth of global financial market that made the complacent financial elite over-confident, who were suddenly stricken by the Minsky moment, which proclaims that the big economies often collapse because of the over-confidence. I was indeed the over-confidence of global capitalist elite on the financial market stability that led to the crisis and finally brought another financial blow in 2008. The global financial system is circulatory system that absorbs capital and release it through investment in the global market generating enormous surplus from the periphery.

But the over-investment without market vitality leads to over-credit creation and this happened after the financial recovery in 2000, that has finally bankrupted big banks around the globe such as Lehman brothers. It was all about the trust in the global financial market that disappeared because of the emergence of crises after crises.

The economic meltdown of 2008 has greatly provoked the instability around the globe as the markets began to crumble and eurozone suddenly suffered from the steep depression mainly because the southern European economies collapsed. Though, Germany and France attempted to establish a European banking union to tackle the crisis, but it was too late to rally against the ‘too big to fail’ phenomenon. The same crisis engulfed the wall street in the US, and the trust of American people in the financial institutions was stalwartly betrayed. With the growing resentment, people rallied against the wall street by initiating “Occupy wall street movement” in 2009, one year after the meltdown.

The Fed-Reserve also suffered from the balance sheet crisis and annual economic growth rate fell below 4% for the first time since the great depression of 1930s. Moreover, in order to compensate the budget deficit, the US asked China to lend her a large sum of money. It was again China which rescued global capitalism from the collapse as it did back in the 1980s by opening its market to the European and American corporations. With this approach, China tried its best to balance the crisis, but the consequences of 2008 meltdown were much severe because the whole Europe was suffering from the austerity and bailout crisis. Spain, Italy, Portugal, and Greece were the major Euro-Zone countries that suffered at larger scale because of the global market strangulation especially European.

On the contrary, the global supply chains and the direction of the flow of Capital reversed as it began flowing back from the peripheries towards center. This directly impacted the global GDP growth that suffered because of the decline in global trade and investment. Now, the question that still lingers everyone’s mind is that; who is to blame for these acute crises? —perhaps the question was never answered by the capitalist elite because they explicitly know where the actual contradictions reside.

This was actually the staunch failure of Capitalism, that has long been promising static growth, prosperity, and development. But the emergence of crisis after crisis has divulged the very context of capitalism and brought it to the knees. Consequently, one of the most surprising fact in the post-2008 crisis period was accountability because not even a single banker was jailed or sued for being major suspects behind the crisis. In this way the trust of ordinary masses in liberal democratic capitalism faded because the promise of so-called sustainable growth and development was never achieved, and it was a betrayal. Likewise, the trust of peripheral economies upon center went into vertical dispersion that led to the boycott and divestment attitude towards globalism.

Recently, another crisis seemed to emerge because last month in October, the global stock markets suffered from huge loss in stocks and prizes even the financial went on to calling it “Red October”. Since then the global indexes of the stock exchange markets depicts no hope of recovery, the oil prizes also fell from $70 to $65 that indeed gives a clear indication of the coming crisis, which will affect all the financial sectors of the global economy including energy and financial market—this time it seems that global capitalism is in retreat.

**Shahzada Rahim* is a postgraduate student with keen interest of writing on history, geopolitics, Current affairs, and International political economy. Reported by Eurasia Review 2 hours ago.

According to the report, the global garlic extract market was valued at around USD 11.86 billion in 2017 and is expected to reach approximately USD 15.30 billion by 2024, growing at a CAGR of around 3.7% between 2018 and 2024.

New York, NY, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled *“Garlic Extract Market By Product Form (Powder, Paste, Oil, and Granulated), By Application (Food Industry, Cosmetics Industry, and Pharmaceutical), and By Distribution Channel (Supermarket, Hypermarket, Specialty Stores, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”*. According to the report, the global garlic extract market was valued at around USD 11.86 billion in 2017 and is expected to reach approximately USD 15.30 billion by 2024, growing at a CAGR of around 3.7% between 2018 and 2024.

An extract derived from garlic bulb is known as garlic extract. Garlic extract is highly nutritious and contains very few calories. The primary nutrients present in garlic extract are selenium, vitamin C, vitamin B6, fiber, and manganese. It also contains copper, phosphorus, vitamin B1, iron, potassium, and calcium. Health benefits of garlic are well known from centuries. The aging process is used to transform the garlic into effective and powerful antioxidants. The new compound S-Acetylcysteine is produced during the aging process, which enhances the beneficial effects of garlic extract. Garlic extract plays an important role in boosting the immune system, and therefore, increases the disease-resistance ability of human beings.

*Browse through 54 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Garlic Extract Market: Type, Size, Trends, Share and Forecast, 2017 – 2024”.*

*Request Free Sample Report of Global Garlic Extract Market Report @ *https://www.zionmarketresearch.com/sample/garlic-extract-market

The global market for garlic extract is in the growth phase and is estimated to record a significant growth rate over the forecast timeframe. The growth of the garlic extract market is largely due to the increasing consumption of garlic extract in food preparation. A wide range of health benefits and medicinal properties associated with garlic extract is estimated to boost the demand for garlic extract in different industries, such as cosmetics and pharmaceutical, in the upcoming years. Moreover, the rising number of fast food services and rapidly evolving cosmetics industry, both in the developing and developed countries, are projected to fuel the expansion of the garlic extract market in forecast timeframe.

Based on the product form, the global market for garlic extract is divided into powder, paste, oil, and granulated. Garlic paste extract is highly popular among the consumers across different regions and this segment is estimated to grow considerably in the forecast timeframe. The rising demand for fast food and spicy foods are estimated to boost the growth of garlic powder of in the forecast timeframe.

*Download Free Report PDF Brochure: *https://www.zionmarketresearch.com/requestbrochure/garlic-extract-market

Based on application, the global market for garlic extract is divided into the food industry, cosmetics industry, and pharmaceutical. The food industry is the dominant segment, followed by the pharmaceutical and cosmetics industry. The increasing demand for natural and organic ingredients in cosmetics manufacturing is estimated to drive the growth of the cosmetics segment in the forecast timeframe.

On the basis of the distribution channel, the global market for garlic extract is divided into supermarket, hypermarket, specialty stores, and online sales. The online sales segment is estimated to grow significantly in the forecast timeframe, owing to the higher adoption of online purchasing due to increased smartphone usage.

*Request For The Discount On This Report: *https://www.zionmarketresearch.com/requestdiscount/garlic-extract-market

The Asia Pacific is projected to dominate the global market for garlic extract, due to the high consumption of garlic extract in the population’s daily diet. The organized retail sector in urban areas across the region is expected to fuel the growth of the garlic extract market in the forecast timeframe. India and China are major countries contributing toward the growth of the Asia Pacific garlic extract market. Moreover, rising preference of consumers toward fast food consumption, growing urbanization, and an increasing number of fast food retailers are the key factors projected to fuel the growth of the Asia Pacific garlic extract market in the near future.

The garlic extract market in North America is projected to account for a considerable share of global garlic extract market in the forecast timeframe. The increasing preference for natural and organic ingredients based on beauty and cosmetic products is expected to boost the demand for garlic extract in the region. Moreover, companies are investing in research on the quality formulation, delivery systems, and packaging. This, in turn, is estimated to enhance the expansion of the garlic extract market in North America during the forecast timeframe.

Browse the full *"Garlic Extract Market By Product Form (Powder, Paste, Oil, and Granulated), By Application (Food Industry, Cosmetics Industry, and Pharmaceutical), and By Distribution Channel (Supermarket, Hypermarket, Specialty Stores, and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024" *report at https://www.zionmarketresearch.com/report/garlic-extract-market

The European garlic extract market is estimated to register stable growth during the forecast time period. High consumer preference for a healthy diet, to improve digestive health, immunity, and cardiovascular health, is expected to enhance the demand for garlic extract in the food and pharmaceutical industries in the region. Moreover, the increasing consumer inclination toward herbal medicines is anticipated to fuel the growth of the European garlic extract market in the forecast time period.

In the Middle East and Africa region, the garlic extract market is primarily driven by the use of garlic extract as a seasoning in food preparation. Moreover, the increasing penetration of garlic extract in myriad industries is expected to boost the market growth in the Middle East and Africa during the forecast timeframe.

*Inquire more about this report before purchase @ *https://www.zionmarketresearch.com/inquiry/garlic-extract-market

The market for garlic extract in Latin America is estimated to register a stable growth rate during the forecast timeframe. The increasing consumer awareness regarding anti-bacterial and medicinal properties of garlic extract is projected to fuel the growth of the garlic extract market in this region during the forecast timeframe.

Some key companies included in the global garlic extract market report are Woolworths Limited, Now Foods, Dabur, Mars, Incorporated, Nilon's, and McCormick, among others.

*Request customized copy of report @ *https://www.zionmarketresearch.com/custom/2019

*This report segments the global garlic extract market as follows:*

*Global Garlic extract market: Product Form Segment Analysis*

· Powder
· Paste
· Oil
· Granulated

*Global Garlic extract market: Distribution Channel Segment Analysis*

· Online Sales
· Supermarket
· Specialty Stores
· Hypermarket

*Global Garlic extract market: Application Segment Analysis*

· Food Industry
· Cosmetics Industry 
· Pharmaceutical

*Global Garlic extract market: Regional Segment Analysis*

· North America

· The U.S.

· Europe

· UK
· France
· Germany

· Asia Pacific

· China
· Japan
· India

· Latin America

· Brazil

· The Middle East and Africa

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* Blog:* http://zmrblog.com Reported by GlobeNewswire 1 hour ago.

The Asian session today was an eventful one amid renewed fears over the US-China trade war following the US President Trump’s overnight comments. Moderate risk-aversion persisted across the financial markets in Asia that helped the US dollar to recover some ground across its main competitors.

Among the Asia-pac currencies, the Aussie emerged the biggest loser, down nearly 0.70% below the 0.73 handle, in response to awful Australian Q3 GDP numbers. However, upbeat Chinese Caixin services PMI release offered some temporary respite to the bulls. The Kiwi tracked the losses in its OZ neighbor and headed back towards the 0.68 handle. Meanwhile, the USD/JPY pair bounced-off two-week lows and regained the 113 level amid a broad-based US dollar rebound and BoJ Deputy Governor Wakatabe”s dovish remarks.

On the commodities front, both crude benchmarks fell nearly -1.60% amid the risk-off action on the Asian equities while gold prices on Comex traded weaker near 1240 levels, as the focus remains on the Treasury yields and Fed’s beige book in the day ahead.

*Main Topics in Asia*

Australia Q3 GDP misses, comes in at 0.3%

Australia 10-year bond yield hits 13-month low

Trump threatens tariffs if can't reach "real deal" with China - Reuters

Northern Irish DUP says will vote against May's Brexit deal - Reuters

BoJ’s Wakatabe: BoJ will maintain massive stimulus to nudge up prices to 2% target

China’s CommMIn: China will push ahead with trade negotiations with US in 90 days

China Caixin/Markit Nov Services PMI jumps to 5-month high of 53.8, a big beat

Fitch affirms China at A+ Outlook Stable

UK Parliament does not need to pass a law to revoke Article 50 - Sky News

Asian stocks recoil from renewed market concerns, open red across the board

*Key Focus Ahead*

Markets brace for a busy Wednesday’s European calendar, with the ECB President Draghi’s speech, the main highlight. However, the second-tier final services PMI releases from the Euro area will also offer some incentives to the EUR, GBP traders ahead of the UK services PMI report due at 0930 GMT. Also, of note remains the Eurozone retail sales report that will drop in at 1000 GMT. In early Europe, the non-monetary policy meeting of the ECB will be held at 0800 GMT and the BOE FPC statement will be published at 0830 GMT.

In the NA session, the Bank of Canada (BOC) rate decision at 1500 GMT will remain the main highlight amid a lack of the first-tier reports from Canada and the US. However, not much reaction is expected on the BOC rate decision, as the Canadian central bank is expected to stand pat after last month’s 25bps rate hike. Later on, at 1900 GMT, the Fed Beige book will be released, which could offer some fresh insights on the Fed’s monetary policy path.

*Besides, the following central bankers' speeches will also remain in focus for further trading impetus.*

0830 GMT: ECB President Draghi

1315 GMT: FOMC member Quarles

EUR/USD under pressure despite US yield curve inversion, has charted symmetrical triangle

On the daily chart, the currency pair has charted a symmetrical triangle with support at 1.1292 and *resistance* at 1.1415. A break below the support would open up downside towards the recent low of 1.1315.

GBP/USD struggling to hold 1.2700 ahead of fresh Brexit headlines

The *economic calendar* is a fairly light screening for the GBP, with November's Markit Services PMI due at 09:30 GMT and forecast to clock in at 52.5, a mild uptick from the previous month's 52.2.

The Bank of Canada Preview: No December rate hikes but three more hikes to go in 2019

The Bank of Canada is widely expected to keep the overnight target rate unchanged at 1.75% on monetary policy meeting on Wednesday, December 5.

ADP employment preview: job creation expected to remain healthy

American employers are thought to have maintained their strong recruitment in November with 195,000 new positions on the books at the payroll processing giant ADP. 

Rupee to drop back to 72 by end-May 2019 – Reuters poll

According to the latest Reuters poll of 40 strategists, the Indian National Rupee (INR) is likely to stall its rebound and drop back to the 72 level against its American counterpart by end-May 2019 following the nation’s general elections.

 

  Reported by FXstreet.com 1 hour ago.

The verdict of a Dutch artwork committee to again some of the Netherlands’ maximum prestigious museums in its try to dangle directly to a prized portray got from a Jewish circle of relatives in 1940 has sparked a global outcry over the destiny of Nazi loot throughout Europe. The binding ruling towards the descendants of … Reported by The News Articles 1 hour ago.