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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:[quote=Cde Monomotapa]Meanwhile in Zim: #155. MPS - 2014 "In this regard, we wish to advise exporters and the general transacting public that in addition to opening of accounts denominated in Botswana Pula, British Sterling Pound, Euro, South African Rand, United States Dollar, individuals and corporates can also open accounts denominated in the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen (JPY)." [Agro-Mineral Export base + Tourism to reckon with] Zimbabwe's Central Bank adopts the Yuan among 3 other Asian currencies http://www.youtube.com/watch?v=PAgDaAtYWCQ[/quote] Super Official.. Afreximbank tackles Zimbabwe’s financial sector liquidity challenges with new facility for trade finance banks http://afreximbank.com/a...sfinancialsectorli.aspx
A rejoinder on 'looking good on paper' as per the video, is that Zim despite its previous woes its financial & capital market infrastructure is pretty much still intact. The bankers there understand what to do with the grease (liquidity) and resumption of the interbank market. PS: As Nigeria’s Finance Minister Ngozi Okonjo-Iweala told this year’s World Economic Forum on Africa (2013): "We focus on FDI all the time. How about AIA — Africans investing in Africa." Cross-border African investment is set to accelerate as local firms seek new markets... http://www.bdlive.co.za/...ans-investing-in-africa
No Zero-sum game here, no sir! http://source.co.zw/2014...build-bullion-reserves/
Interesting that RBZ is acquiring bullion for their reserves vaults  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Reuters wrote: China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some skepticism about the data but still allaying fears of a deepening economic malaise.
The value of China's total exports climbed 10.6 percent in January from a year earlier, the Customs Administration said on Wednesday, more than five times market forecasts for a 2 percent rise. http://www.reuters.com/a...e-idUSBREA1B05620140212
There's always the other side of the coin Wall Street Journal wrote:BEIJING—China's surprisingly strong January export figures have renewed questions about the reliability of official Chinese data and underscored the difficulties in tracking the world's No. 2 economy.
The 10% jump in January exports, with robust demand from Europe and the U.S., surpassed expectations. http://online.wsj.com/ne...4579378583412055104.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Investment banker jumps to death from JP Morgan’s headquarters in Central - http://www.scmp.com/busi...ns-headquarters-central
Yep. They're falling off buildings as the suicides escalate at the global banking corridors... ** Markets hate confessions and the emperor is naked ** Defaults and margin calls will pop up any time... And the suicide trail in 2014 can be found here - http://business.financia...ld-in-less-than-a-month/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Whats going on????? Its now raising eyebrows "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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murchr wrote:For those following the World wealth shift - In the headlines last week, Google sold off Motorola to Chinese giant Levono. China's number of billionaires hit record 168 billionaires in 2013 according to forbes Hata hii ime'eda Shina... Peugeot confirms tie-up with China's Dongfeng PSA Peugeot Citroen on Wednesday confirmed a capital tie-up with China's Dongfeng Motor as part of a 3 billion euro fundraising that will end the Peugeot family's control of the 200-year-old French carmaker. http://www.cnbc.com/id/101425974
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Whats going on????? Its now raising eyebrows Back to 1929... Suicides pre and post nosedive...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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RBS to retrench in investment banking, cut 30,000 jobs - http://www.reuters.com/a...s-idUSBREA1J2AK20140220
Best news ever... Maybe the confessions won't be bad after all... RBS still parks a lot of skeletons in the closet - will the ghosts return... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/18/2011 Posts: 448
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hisah wrote:RBS to retrench in investment banking, cut 30,000 jobs - http://www.reuters.com/a...s-idUSBREA1J2AK20140220
Best news ever... Maybe the confessions won't be bad after all... RBS still parks a lot of skeletons in the closet - will the ghosts return... RBS CEO recently said he is not sure how much more they shall pay out as compensation and fines;seems that closet is full of skeletons
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Cde Monomotapa wrote: murchr wrote:For those following the World wealth shift - In the headlines last week, Google sold off Motorola to Chinese giant Levono. China's number of billionaires hit record 168 billionaires in 2013 according to forbes Hata hii ime'eda Shina... Peugeot confirms tie-up with China's Dongfeng PSA Peugeot Citroen on Wednesday confirmed a capital tie-up with China's Dongfeng Motor as part of a 3 billion euro fundraising that will end the Peugeot family's control of the 200-year-old French carmaker. http://www.cnbc.com/id/101425974 Woo... I dint see that @Cde... In other news China’s yuan tumbled by the most since December 2012 on speculation the central bank wants an end to the currency’s steady appreciation to ward off speculators before a possible widening of the trading band. http://www.bloomberg.com...oc-wants-volatility.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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#Bummer Now, the US is still reluctant to implement longstanding IMF/WB reforms on quotas & voting rights, and yet some more waiting time here. Smh... Brics bank will be ready in five years http://www.fin24.com/Eco...-in-five-years-20140225
Anyhu, Africa can take up the opportunity to roll out the Sovereign Wealth Funds, scale up the DFIs - AfDB, DBSA, EADB etc, ramp up Afreximbank & PTA Bank to counter-balance & provide timely trade & development finance sources for the Continent.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:murchr wrote:Whats going on????? Its now raising eyebrows Back to 1929... Suicides pre and post nosedive... It's a strange year.Sentiments on the extremes.I'm curious if the Wolf of Wall Street and Facebook deal will have an impact as they seem to have injected a healthy dose of greed globally.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting developments from Mzansi. South Africa Eases Restrictions on Companies Investing in Africa A concession announced last year that enables companies listed on the Johannesburg stock exchange to create a holding company to house their African and offshore operations will be extended to other firms. Limits on the amounts that listed companies can invest in Africa without prior approval will be increased to 2 billion rand, from 750 million rand, or 25 percent of their market value, said Ismail Momoniat, deputy director general in the National Treasury. http://www.bloomberg.com...nvesting-in-africa.html
PS: Mafwans wa PAFR can end their fast. Maybe
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Wasnt Bitcoin supposed to take over the world? Some pranks are just hilarious! So in bankruptcy court, do the investors get compensated? Mt. Gox go go!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The shit hits the fan in Ukraine, this week will be interesting "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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murchr wrote:The shit hits the fan in Ukraine, this week will be interesting 3/3
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:The shit hits the fan in Ukraine, this week will be interesting Oil spike will get a lot of current account deficients flat footed. KE eurobond will be at crosshairs if this russian faceoff takes a long time in the boiler room.
Volatility this yr will waste a lot of portfolios.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/23/2011 Posts: 304
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Russia gets green light to involve its troops, its CB raises interest rates by 150 basis points (MICEX currently down 7.9% for the day) EM Markets look set to continue suffering all the while stock indices are making record highs. RBA, BOC, BOE and ECB meet this week. Like @murchr said this week is gonna be interesting. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Wheat and corn prices have risen sharply in response to the crisis in Ukraine, which is one of the world's biggest exporters of both crops. The price of wheat for delivery in May rose by as much as 5.9% to $6.38 (£3.81) a bushel on the Chicago Board of Trade – the biggest intraday rise for almost 18 months. Corn for delivery in May rose by up to 3.7% to a six-month high of $4.81. Corn prices rose last week in Ukraine as farmers held back grain to protect themselves against the country's falling currency. http://www.theguardian.c...ea-hits-price-wheat-corn"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Britain is drawing up plans to ensure that any EU action against Russia over Ukraine will exempt the City of London, according to a secret government document photographed in Downing Street. As David Cameron said Britain and its EU partners would put pressure on Moscow after it assumed control of Crimea, a government document drawn up for a meeting of senior ministers said that "London's financial centre" should not be closed to Russians.In other news: NEW YORK (Reuters) - U.S. stocks tumbled on Monday alongside other risky assets globally as tensions in Ukraine and Russia escalated after Russian President Vladimir Putin declared he had the right to invade his neighbor. News that Ukraine mobilized for war on Sunday and Washington threatened to isolate Russia economically overshadowed better-than-expected U.S. data, including an index showing that factory activity rebounded from an eight-month low in February. The S&P 500 had closed at a record high on Friday, and profit-taking was expected on Wall Street due to the political uncertainty. The index found some support when it fell to 1,840, but broke below it after the first attempt. The S&P 500 extended losses in early afternoon trading and then recovered slightly to close above the support level. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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