Month: October 2023
Traders and banks make deals with Russian metals despite taboos
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Several Western banks and traders, from Citigroup Inc. to Trafigura Group, are increasingly eager to strike new deals with Russian metals, seizing opportunities to profit while competitors hold back.
According to the head of one of the trading houses who spoke privately, deals on Russian supplies are one of the few areas where solid profits can be made.
Among trading companies, Trafigura is actively seeking new deals to buy and sell Russian metal in a bid to beat rival Glencore Plc, which has said it won’t do new business with Russia, Bloomberg reported, citing anonymous sources.
And at the London Metal Exchange, financial firms including Citi and Squarepoint Capital LLP are buying large volumes of Russian aluminum, which currently dominates the exchange’s stockpiles.
Thus, in addition to sharply increased metal exports to Asia, Russian companies are gradually gaining new opportunities to export metals to the West as well.
Alpha Dhabi will invest a combined $50 million in aerospace company SpaceX, founded by billionaire businessman Elon Musk.
IHC, which already has stake in SpaceX, will invest $25m, while Alpha Dhabi — a subsidiary of IHC — will make a debut investment of $25m in the California-based company.
Microsoft closes $69 billion acquisition of gaming giant Activision Blizzard after nearly 2 years of antitrust battles-pulling off the biggest tech deal in history
BASEL III implementation recap per country
The timeline for full adoption and implementation globally is 2025 so you will see more banks downsizing to meet the capital requirements.
I expect some of the items will start or go to next phase after the 19 November 23 ISO20022 US deadline
www . bis . org / bcbs / implementation / rcap_reports . htm
$275 billion of treasury notes issued in one day? $1 trillion of debt added in a month? What’s going on? Very simple! Cabal printing presses are no longer printing. They have to get the money from somewhere! lol desperate measures! 😂😂😂
Rut roh!! Just checked the debt clock and it’s blank!!🤔
This is the most important Colume on the Tres Clock “US TRESURY DOLLARS 2025”. When you click on the red, white & blue box you will get a pop-up for NON-Interest-Bearing Money that indicates REAL Wealth Based Debt Free Currency Back by Gold. This in only what is showing on the books currently. It’s much, much larger when GDP and BRICS is calculated in. They are telling us what is coming…just like Lincoln & Kennedy did outside of the London bankers and NON FED BANKS (NO CENTRAL BANKERS) can touch it.
Interesting secret window on the debtclock popping up in a few hours.. no this is NOT the special news I’ll be sharing later
🔤🔤 Mine is much more exciting you are not going to want to miss this 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Liquidators to Three Arrows Capital said the hedge fund’s co-founder Su Zhu was apprehended in Singapore while trying to leave the country.
EVERGRANDE SOLD YACHT THIS YEAR, SAY SOURCES, AS CREDITORS SHARPEN FOCUS ON OFFSHORE ASSETS (Reuters)
Evergrande Group sold its luxury superyacht for about $32 million earlier this year, further shrinking the developer’s offshore assets as its cash crunch worsens.
Financial News Disclosure 