Wednesday, August 31, 2016

Welcome To Going Global East Meets West ..

Canada has decided to apply for AIIB membership

August 31, 2016

Canada to apply for AIIB membership

Canada has decided to apply for membership of the Asian Infrastructure Investment Bank (AIIB), Canadian Finance Minister Bill Morneau announced at a press conference in Beijing Wednesday.

If Canada joins the AIIB, it will be the first North American member of the multilateral bank.

Canada's membership will contribute significantly to the bank's development, AIIB president Jin Liqun told the press conference, noting that all countries interested in the AIIB were welcome to apply for membership.

BIS, FSB and IMF publish elements of effective macroprudential policies

Also read .. 

Full Text: Joint Press Release on the "1+6" Round Table

August 31, 2016

BIS, FSB and IMF publish elements of effective macroprudential policies

The International Monetary Fund (IMF), Financial Stability Board (FSB) and Bank for International Settlements (BIS) released today a new publication on Elements of effective macroprudential policies. The document, which responds to a G20 request, takes stock of the international experience since the financial crisis in developing and implementing macroprudential policies and will be presented to the G20 Leaders' Summit in Hangzhou.


World Bank sold SDR Bond today .. issued the first tranche, valued at around $700 million

Snip "Another unusual aspect of this week’s issue is that it took place in mainland China, meaning investors must use yuan to buy and sell the bond. Coupon payments, too, will be made in yuan. Earlier this year, Chinese officials announced measures that gave foreigners more access to the world’s third-biggest bond market, although restrictions have been lifted slowly and investors remain cautious"

August 31, 2016

World Bank Bond Issue Gives China Chance to Promote Yuan

Three-year bond is denominated in so-called special drawing rights and will pay an annual yield of 0.49%

The World Bank sold a bond backed by the International Monetary Fund’s own currency-reserve basket in mainland China, the first such issuance in roughly three decades.

The three-year bond, denominated in so-called special drawing rights—a synthetic currency based on the U.S. dollar and three other major currencies, and soon also China’s yuan—will pay an annual yield of 0.49%, according to the deal’s term sheet.

The bank is eventually looking to raise an amount equivalent to $2.8 billion: On Wednesday, it issued the first tranche, valued at around $700 million.


Saudi Arabia Burns Through Foreign Reserves As Oil Prices Tank

Also read .. 

China, Saudi Arabia ink cooperation deals

August 30, 2016

Saudi Arabia Burns Through Foreign Reserves As Oil Prices Tank

The Saudis are also running budget deficits attributed to the prolonged oil price down turn.

Saudi investors monitor stocks at the newly opened exchange market department at the National Commercial Bank (NCB) in Riyadh on November 12, 2014.  The Saudi stock market rebounded last week as markets in the rest of the region fell. However, the real problem for Saudi Arabia is the more than two year free-fall in global oil prices and a massive loss of revenue. 

The Oracle Report - Wednesday, August 31, 2016


Wednesday, August 31, 2016

Balsamic Moon Phase: release, dream

Moon in Leo/Virgo 11:23 am ET/3:23 pm UT

Aspect of the Aeon Sophia (Wisdom): Bhairavi, Goddess Who Fortifies the Heart

Aspect of the Aeon Thelete (Will): Kathe, God of the South

Skill: immerse in the present moment while simultaneously seeing signs of the future

True Alignments:  different in the light of a new day, within reach, strongly grounded, prescience and premonitions, mysteries, ancient knowledge, creativity, producing, respect, novel ideas, pacing oneself, lasting achievements, sharing feelings, important conversations

Catalysts for Change:  refusing solace, lost, ignoring other's or one's own needs, ungrounded, sudden changes (these are for the best), denial of the truth, fear of failure, holding on tightly to the past at the expense of the present and future, super-competitive, only taking and never giving, premature, suppressing expression, sacrificing individuality or not expressing/recognizing uniqueness, transferring or projecting negative feelings onto others


Tuesday, August 30, 2016

World Bank issuing SDR debt (price will be set on Wednesday, August 31st)

also .. 

China Announces Its' New Loan in International Reserve Asset (SDRs)

World Bank to issue SDR bonds in China for first time (End of August)

U.S. Treasury Secretary Lew on what to expect at the G20 summit - Wed. August 31st


World Bank issuing SDR debt

The World Bank plans to issue bonds denominated in the IMF's Special Drawing Rights (SDRs) this week in China, Bloomberg reported on August 23. The notes will be priced on Wednesday, it said, citing anonymous sources.

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U.S. Treasury Secretary Lew on what to expect at the G20 summit - Wed. August 31st

Treasury Secretary Lew on what to expect at the G20 summit

From the first G20 leaders’ summit in 2008 to this year’s G20 meeting in Hangzhou, China, the U.S. has engaged deeply with the world’s major economies, playing a leading role in crisis and post-crisis global economic management. 

Top agenda issues have included global governance in times of economic crisis, promoting inclusive global growth, securing commitments to avoid the targeting of exchange rates for competitive purposes, strengthening financial regulation, combating terrorist financing, mobilizing funding for sustainable infrastructure, promoting financial inclusion, and tackling ‘global public goods’ issues – from climate change mitigation and adaptation to ending poverty and reducing inequality.

Implementation of Basel standards - A report to G20 Leaders on implementation of the Basel III regulatory reforms

And related ..

Capital standard for bank exposures to central counterparties finalised by the Basel Committee

Basel III - Liquidity regulation and the implementation of monetary policy

Credit Crunch Right Around The Corner: US Senators Introduce Bill To Break Up Megabanks, Bring Back Glass-Steagall, FRB To Implement Basel III Capital Reforms And To End QE This Year (Not Slow End)

August 2016

Implementation of Basel standards - A report to G20 Leaders on implementation of the Basel III regulatory reforms

Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks. This report updates G20 Leaders on progress and challenges in the implementation of the Basel III regulatory reforms since November 2015, when the Basel Committee last reported to the G20. 

The report summarises the steps taken by Basel Committee member jurisdictions to adopt the Basel III standards, banks' progress in bolstering their capital and liquidity positions, the consistency of implementation in jurisdictions assessed since the Committee's last report and the Committee's implementation work plan.


G20 .. Proposal .. launching an electronic World Trade Platform, or e-WTP ..


August 30, 2016

G20 Summit to deal with rising anti-globalization sentiment

The G20 Summit is to take place amid weak economic recovery and the lowest rate of global trade growth in three decades. China would like to see G20 leaders resist protectionism and instead, seek economic growth through innovation and reform. CCTV's reporter spoke to some of China’s brightest business leaders to hear their proposals to G20 leaders.

China, Saudi Arabia ink cooperation deals

Related articles .. 

Saudi FX reserves would benefit from Chinese yuan’ ...

Saudi Arabia keen to expand China energy investments

August 30, 2016

China, Saudi Arabia ink cooperation deals

China and Saudi Arabia on Tuesday signed 17 cooperative agreements after the first meeting of a high-level steering committee for coordinating bilateral cooperation.

Chinese Vice Premier Zhang Gaoli and Saudi Arabia's Deputy Crown Prince Mohammed bin Salman co-chaired the meeting in Beijing.

The documents covered politics, energy, finance, investment, housing, water resources, quality inspection, science, technology and culture.