The document discusses a political bias against Singapore in the FT newspaper and harsh comments made about Singapore by the boss of Gunvor Group, an energy trading company. It suggests the boss is frustrated over losing the trust of authorities in Singapore and business from banks like BNP Paribas, as his former partner's company Novatek is now thriving, and recommends caution regarding comments and numbers from Gunvor due to their business model's reliance on cheap bank funding while criticizing banks.
Daily Market Summary (9/26/17): Mixed Economic Data and Fed SpeechesRaul Rivera
An ambiguous speech from Janet Yellen and some soft readings in New Home Sales and Consumer Confidence were amongst the headlines today as equity markets consolidated.
Daily Market Summary (9/26/17): Mixed Economic Data and Fed SpeechesRaul Rivera
An ambiguous speech from Janet Yellen and some soft readings in New Home Sales and Consumer Confidence were amongst the headlines today as equity markets consolidated.
US Market Entry for Fast-Growing StartupsLouis Lehot
Entering the US market has been a major milestone for most foreign-born startups. Though every other ecosystem always wanted to become its own version of Silicon Valley, the siren call of the biggest market for most industries and the superior network by the bay, almost always won out. The pandemic has dramatically shifted this calculus. Join us in a dynamic discussion on how the idea of moving to Silicon Valley has changed, as well as, the legal, strategic, partnership, and fundraising best practices involved.
We build partnerships by focusing on your destination, not just the investment. For our partners with destinations that lie far in the future, we take a longer, broader view.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
The lack of visibility given to the counterparties by Gunvor is posing a major
obstacle for an investor à la ADNOC to determine the group value.
● Gunvor USA has closed $1.45B “uncommitted” credit: an uncommitted facility
loan that once signed, does not oblige the lenders to provide the funds to the
borrower… previously it signed a near $1B in off-balance sheet financing facility.
● *****Muriel Anouk Scwab, CFO is on “sabbatical leave”.
● Gunvor Group poses substantial risks to the Swiss banking and financing sector:
By the derivatives even if Gunvor survives, the debt to equity is now 11X.
● It is a less than $1B balance-sheet carrying billions of MTM derivatives contracts
84% of its cash is generated by a debt-inflow.
This annual report of worldwide threats to the national security of the United States responds to Section 617 of the FY21 Intelligence Authorization Act (P.L. 116-260).
AOT’s complaint plausibly alleges that ADM violated the CEA by engaging in a scheme to
manipulate the Chicago Benchmark Price. ADM has not demonstrated otherwise, and its motion to
dismiss should be denied in its entirety.
In three trading days BROYLES lost $3.6M. His losses accelerated the following week. On January 9 lost $2.2M and twice as much as on January 8. As his losses mounted, Smith tried to reach BROYLES on the morning of January 10. However BROYLES did not arrived until the afternoon and his portfolio lost more than $5.2 Million that day.
CEMP USD Trade Flow Fund SP Tradeflow capital management pte risk report (2)GE 94
Tradeflow capital management pte risk report (1)
USD Trade Flow Fund SP Cayman Islands, Grand Cayman in the worst case is an outright fraud and in your very best case leverage is 75:3
Trade finance funds loaded up commodity sector transactional financing in the...GE 94
Trade finance funds loaded up commodity-sector transactional financing in the recent years have stopped redemptions to the investors
The damages have already been done. Some funds will cease unless they succeed to mash-out the losses into new funds.
The reality contrasts very much with the portrait brushed by INOKS and Scipion in trade finance.
Hin leong trading financial statements (unaudited) (1)GE 94
According to the Chinese Dao "reality is built from the beating of opposites". We can't fully comprehend the ocean of mysteries in the Hin Leong affair unless we understand "who hold the bag": the bigger risk, in all this is the banks.
US Market Entry for Fast-Growing StartupsLouis Lehot
Entering the US market has been a major milestone for most foreign-born startups. Though every other ecosystem always wanted to become its own version of Silicon Valley, the siren call of the biggest market for most industries and the superior network by the bay, almost always won out. The pandemic has dramatically shifted this calculus. Join us in a dynamic discussion on how the idea of moving to Silicon Valley has changed, as well as, the legal, strategic, partnership, and fundraising best practices involved.
We build partnerships by focusing on your destination, not just the investment. For our partners with destinations that lie far in the future, we take a longer, broader view.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
The lack of visibility given to the counterparties by Gunvor is posing a major
obstacle for an investor à la ADNOC to determine the group value.
● Gunvor USA has closed $1.45B “uncommitted” credit: an uncommitted facility
loan that once signed, does not oblige the lenders to provide the funds to the
borrower… previously it signed a near $1B in off-balance sheet financing facility.
● *****Muriel Anouk Scwab, CFO is on “sabbatical leave”.
● Gunvor Group poses substantial risks to the Swiss banking and financing sector:
By the derivatives even if Gunvor survives, the debt to equity is now 11X.
● It is a less than $1B balance-sheet carrying billions of MTM derivatives contracts
84% of its cash is generated by a debt-inflow.
This annual report of worldwide threats to the national security of the United States responds to Section 617 of the FY21 Intelligence Authorization Act (P.L. 116-260).
AOT’s complaint plausibly alleges that ADM violated the CEA by engaging in a scheme to
manipulate the Chicago Benchmark Price. ADM has not demonstrated otherwise, and its motion to
dismiss should be denied in its entirety.
In three trading days BROYLES lost $3.6M. His losses accelerated the following week. On January 9 lost $2.2M and twice as much as on January 8. As his losses mounted, Smith tried to reach BROYLES on the morning of January 10. However BROYLES did not arrived until the afternoon and his portfolio lost more than $5.2 Million that day.
CEMP USD Trade Flow Fund SP Tradeflow capital management pte risk report (2)GE 94
Tradeflow capital management pte risk report (1)
USD Trade Flow Fund SP Cayman Islands, Grand Cayman in the worst case is an outright fraud and in your very best case leverage is 75:3
Trade finance funds loaded up commodity sector transactional financing in the...GE 94
Trade finance funds loaded up commodity-sector transactional financing in the recent years have stopped redemptions to the investors
The damages have already been done. Some funds will cease unless they succeed to mash-out the losses into new funds.
The reality contrasts very much with the portrait brushed by INOKS and Scipion in trade finance.
Hin leong trading financial statements (unaudited) (1)GE 94
According to the Chinese Dao "reality is built from the beating of opposites". We can't fully comprehend the ocean of mysteries in the Hin Leong affair unless we understand "who hold the bag": the bigger risk, in all this is the banks.
Covered interest parity a law of nature in currency marketsGE 94
CIP is a cornerstone principle in international finance. First described by John Maynard Keynes in 1923, the idea that FX forward rates must reflect interest rate differentials between currencies has long been considered one of the best tested theories in financial economics. If a market participant is willing to swap a higher yielding currency for a lower yielding currency over some time horizon, he must be compensated for the difference in yield via an adjusted forward price. Otherwise an arbitrage opportunity arises until prices and interest rates align again.
The financial crisis and direct aftermath revealed cracks in the armour of CIP. In a market environment with scarce liquidity and high credit risks in forward markets, dealers were constrained in their ability to profit from what was previously regarded as an almost risk-free arbi¬trage trade. But as conditions in financial markets slowly normalised after the crisis, CIP deviations remained and cross-currency basis never returned to its pre-crisis levels. After narrowing for some time, it started to widen again across most G10 pairs since approximately 2015. Increasingly, FX forward markets seemingly do not reflect what would be expected given the observed interest rate differentials. Figure 1 illustrates these dynamics by depicting the magnitude of G10 cross-currency basis over time for an exemplary three-month tenor.
La région lémanique est l’un des sites les plus importants au monde pour le commerce des matières premières.
L’importance économique du secteur des matières premières
sur les rives du Léman est considérable. Sept des dix premières
entreprises suisses en termes de chiffre d’affaires sont issues de
ce secteur ou y sont fortement liées. Cinq d’entre elles (dont
Vitol, Trafigura et Cargill) sont basées à Genève, et une (Nestlé)
à Vevey. Près de deux tiers de toutes les entreprises de matières
premières en Suisse se trouvent dans les cantons de Genève et de
Vaud. L’industrie des matières premières ne comprend pas seulement des sociétés de négoce, mais intègre également des entreprises de secteurs qui y sont fonctionnellement liées comme
les banques, les compagnies d’assurance, les compagnies de
navigation et les groupes d’inspection de marchandises. Selon
les estimations| 1, ce cluster génère plusieurs milliers d’emplois
à Genève – dont un grand nombre de salariés hautement qualifiés – et 20% des recettes fiscales des personnes morales selon
l’administration cantonale. La région lémanique est le leader
mondial du négoce physique de matières premières (voir figure),
du financement du commerce et de l’inspection des marchandises. 22% des transports globaux de matières premières sont
organisés depuis la région.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Gunvor boss attacks loose lending practices in singapore (1)
1.
2. EM CREDIT RISK APAC
● The FT has a political bias against PAP-Singapore.
● Although Mr. Gunvor's boss is entitled to his opinions on Singapore; he is not
objective.
● In that context we see Törnqvist's harsh comments on Singapore as an
admission of his defeat:
● Trader lost the trust of the authorities and the transactional financing from BNP
Paribas and the many other institutions who in the silence severed their ties
with Gunvor Group.
● Contextually, Boss is frustrated to see Novatek ( his ex-partner Timchenko)
trading business taking off and getting attention in Switzerland.
● At this point we would just be very cautious with any comments & numbers
emerging from Gunvor Group.
● There is always a catch 22 with a Gunvor’s model who relies on cheap bank
funding while pointing the finger at just that in the FT.
● The constructive ambiguity built around the group finance/Singapore traders
competition serves as a diversion.
