Backdoc: FLASH BACK!
REMEMBER MITCH MCCONNELL TOLD US THAT THE U.S. WOULD BEGIN THE RELEASE OF SANCTIONS ON THE 8TH DAY OF OCTOBER? MMMM
NICE PRELAUNCH FOR DOING BUSINESS IN IRAN!
THEY SURE LIKE TO LAUNCH THINGS ON THE 8TH JUST LIKE THEY FORMED THEIR GOVT. IN IRAQ ON THE 8TH DAY AT 8:00 PM MMMMM
8@8,DOC IMO ACTUALLY NOT MINE THEIRS! LOL
Thunderhawk: Shell Interested in Hydrocarbon Production Opportunities in Iran
Shell's CEO, Ben van Beurden, said that company’s plans in Iran will depend on how the Iranian market develops in the short-term, the investments required and the general situation in the country.
Anglo-Dutch energy company Shell is interested in the prospects of hydrocarbon extraction in Iran, however, it is too early to speak of any specific plans, the company’s CEO, Ben van Beurden, said Tuesday.
Iran is an interesting country in terms of geological structure, and there are interesting prospects, van Beurden said during the Oil & Money conference, being held in London on October 6-7.
According to the Shell CEO, the company’s plans in Iran will depend on how the Iranian market develops in the short-term, the investments required and the general situation in the country.
Shell’s current negotiations with Iran are mainly focused on settling of the company’s debts to the National Iranian Oil Company, van Beurden added.
Iran and the P5+1 group of world powers — including Russia, the United States, China, France and the United Kingdom plus Germany — reached a deal in July to monitor and limit Tehran's nuclear program in exchange for the easing of international sanctions, which opened the way for Tehran to pursue energy projects.
Following the signing of the agreement, Iran announced that it could renew its economic ties with the EU members states.
Read more at http://sputniknews.com/business/20151006/1028115662.html
Backdoc: WELL, THUNDER I GUESS WE HAVE ANOTHER COUNTRY PUTTING A DRAG ON THE EURO!
ITS SEEMS THAT EURO BOND DEBT CONTINUES TO RISE!
WITH GREECE ADDED TO THE LIST OF THOSE IN DEFAULT AND EVERYBODY AND THEIR BROTHER LOOKING FOR THE BACK DOOR WHAT WILL TRIGGER THE ACCIDENT ON PURPOSE WITH THE EURO? DOC IMO
Thunderhawk: Fitch Downgrades Ukraine's Foreign Currency Ratings to 'Restricted Default'
Fitch's next Ukrainian review will follow the implementation of the Ukrainian Finance Ministry's exchange offer of direct and government-guaranteed eurobonds, expected to be completed by October 27.
Fitch Ratings said Tuesday it had lowered Ukraine's long-term and short-term foreign currency IDRs from 'C' to 'RD' (restricted default).
"The 10-day grace period on Ukraine's USD500m eurobond maturing on 23 September 2015 has elapsed without payment being made. Fitch therefore judges Ukraine to be in default on its sovereign eurobond obligations," the agency said in a statement.
Read more at:
Backdoc: HOW LONG WILL IT TAKE FOR THESE COMPANIES TO RELOCATE TO MORE COMPETITIVE COUNTRIES? OUCH!
IF A PRO BUSINESS ENVIRONMENT DOESN'T RETURN WITH THE NEXT PRESIDENT ELECTED, IT WILL BE LIKE MOSES LEADING THE EXODUS! LOL DOC IMO
Thunderhawk: :Biggest US Companies Owe $620Bln in Federal Taxes
The largest US companies on the Fortune 500 list have accumulated $2.1 trillion in offshore tax havens as of 2014, allowing $620 billion in federal taxes to be withheld, a new study by two non-profit organizations said.
The study, published on Monday by the Citizens for Tax Justice and the US Public Interest Research Group Education Fund, referred to company financial statements that showed US-based multinational corporations had dodged $90 billion in federal income taxes annually by using offshore subsidiaries.
"Fortune 500 companies are holding more than $2.1 trillion in accumulated profits offshore for tax purposes. Just 30 Fortune 500 companies account for 65 percent of these offshore profits," the summary of the study entitled "Offshore Shell Games" said.
"If we apply that average tax rate of 6.0 percent to the entirety of Fortune 500 companies, they would collectively owe $620 billion in additional federal taxes," it estimated.
Some of the worst offenders are Apple with $181.1 billion in offshore subsidiaries, on which it would owe $59.2 billion in US taxes. American Express holds $9.7 billion offshore and subsequently owes $3 billion in taxes, while Nike owes $2.7 billion.
Last year, Morgan Stanley reported having 210 subsidiaries in offshore tax havens, where it booked $7.4 billion. The investment company was found to have facilitated individual tax evasion through its Swiss banking division. Citigroup reported operating 427 tax haven subsidiaries in 2008 but disclosed only 41 in 2014.
In April, US Senator Bernie Sanders said legislation prohibiting US corporations from hiding profits in offshore tax havens could generate $590 billion in tax revenue.
Backdoc: DEALS INSIDE OF DEALS! INTERESTING!
THE WINNERS AND LOSERS HAVE ALREADY BEEN PICKED, ITS OUR JOB TO FIND THEM!
SLAP! WHY DID YOU DO THAT?
IT'S NOT TIME YET DOC, THEY NEED THEIR MONEY HONEY! LOL
OHH YAAA !! DOC IMO
Thunderhawk: TPP to Be Incorporated Into Existing Free Trade Deals – Research Group
Hosuk Lee-Makiyama, director of the European Centre for International Political Economy claims that TPP mega-regional free trade deal is likely to be smoothly integrated into the existing free trade agreements of which the TPP countries are members.
The Trans-Pacific Partnership (TPP) mega-regional free trade deal is likely to be smoothly integrated into the existing free trade agreements of which the TPP countries are members, Hosuk Lee-Makiyama, director of the European Centre for International Political Economy (ECIPE), said on Tuesday.
On Monday, 12 Pacific Rim countries, with the United States and Japan being the biggest economies among them, concluded the TPP free trade agreement. The deal aims to deregulate trade between the United States and the Pacific region and remove governmental oversight of trade relations.
"This is the biggest market access package ever to be negotiated since the creation of the WTO. As the new global forum for trade rules, I am sure that TPP will find its way into various agreements where TPP members are involved," Lee-Makiyama said.
TPP encompasses the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Therefore, it overlaps with some of the already existing free trade zones, such as NAFTA (Canada, Mexico and the United States). A number of legal experts have voiced concerns over the conflation of TPP and other agreements once it is concluded.
There has been considerable opposition to TPP from international organizations and parliamentarians, who have criticized the deal’s secrecy during negotiations, its supposed favoring of multinational corporations and its exclusion of BRICS countries.
Backdoc: ANY QUESTION NOW ON WHETHER DEFLATION AND OIL ARE RELATED???
SLAP! AHHH NO!!
Thunderhawk: Lower oil prices push down WTO’s trade growth prospects
The World Trade Organisation (WTO) has cut its global trade growth forecast for 2015 from 3.3 per cent to 2.8 per cent amid falling import demand in China, Brazil and other emerging economies, falling oil and commodity prices and significant exchange rate fluctuations.
WTO Economists have lowered their forecast for world trade growth in 2015 to 2.8 per cent, from the 3.3 per cent forecast made in April, and reduced their estimate for 2016 to 3.9 per cent from 4.0 per cent.
Backdoc: IMO THIS FACILITATION AGREEMENT WILL BE LIKE A FAST TRACK PROCESS THAT WILL SPEED UP PICK UPS AND DELIVERIES OF ALL GOODS AND SERVICES!
IF YOU DON'T HAVE IT YOU GO TO THE BACK OF THE LINE AND THAT COULD BE VERY COSTLY IN TRYING TO BE COMPETITIVE AND TIMELY WITH YOUR DELIVERIES ESPECIALLY IF THERE IS SPOILAGE CONCERNS!
THIS WILL ALLOW THE WTO TO SEND VITAL INFO TO THE IMF AND BIS TO MONITOR ALL TRADE AND SHIPPING IN THE NEW GLOBAL REALITY! THIS WILL BE ONE TOOL TO CONTROL ALL COUNTRIES CURRENCIES AND TO PREVENT CURRENCY MANIPULATION AS WELL AS MAINTAINING THE GDP'S OF MOST COUNTRIES IF NOT ALL!!
IT SEEMS TOTALLY NATURAL THAT OZ WILL CONTROL MOST, IF NOT ALL THE WORLDS SHIPPING PORTS WITH TOOLS LIKE THIS WTO TRADE TOOL!
CONTROLLING CURRENCIES ALONG WITH TRADE WILL BE THE NEW REALITY JUST LIKE THE NEW GLOBAL FORCE AND PEACE KEEPING POLICE! DOC IMO
Thunderhawk: Regional Shipping Industry To Tackle WTO Trade Facilitation Agreement At CSA Conference
The Caribbean Shipping Association's Annual General Meeting, Conference and Exhibition, to be held in Cartagena, Columbia, from October 19-21 is set to discuss, among other current topics, the World Trade Organisation (WTO) Agreement on Trade Facilitation (TFA).
This agreement was one of the main outcomes of the 9th WTO Ministerial Conference held in Bali, Indonesia in December 2013. The negotiations were specifically aimed at clarifying and improving three articles of the General Agreement on Trade and Tariffs related to fees, expedited release and clearance of goods.
Read More at: http://jamaica-gleaner.com/article/shipping/20151006/regional-shipping-industry-tackle-wto-trade-facilitation-agreement-csa
Backdoc: I'M GETTING A BRAIN CRAMP! OUCH!
AGAIN, NOW WE SEE MORE EMPHASIS ON ANOTHER TRADE DEAL! THE TTIP!
WE HAVE T'S AND P"S GOING EVERYWHERE DUDE! WHY? ITS ALL ABOUT TRADE AND SHIPPING NOW!
WITH IRAN GETTING OUT OF THE DOG HOUSE MOST LIKELY ON THE 8TH, IT'S TIME TO MAKE THE DOUGHNUTS BOYS! WE KNOW THAT THE NEW REALITY WILL BE ALL ABOUT IT SO EVERYONE IS PLAYING TO WIN!
YOU WANT A DEAL, A DEAL, A REALLY BIG DEAL? THEN JOIN THE CLUB OR GO TO THE BACK OF THE LINE! DOC IMO
Thunderhawk: TPP deal lifts hopes for US-EU trade pact
With his move this week to conclude negotiations on a deal with Japan and 10 other Pacific Rim economies, Barack Obama went a long way to achieving one of the main pillars of an ambitious trade agenda.
So what about another? Can the US and the EU now seal the deal on the Transatlantic Trade and Investment Partnership, a proposed pact that has become a political lightning rod in Europe but can feel like a forgotten project in the halls of power in Washington?
Read More At: http://www.ft.com/intl/cms/s/0/5bde5a48-6bda-11e5-8171-ba1968cf791a.html#axzz3nr9CjLaU
dnari131 : Just goes to show Hawk, that the YUAN has "unofficially" obtained global currency reserve status right now in my opinion regardless of what the IMF says and chooses to do with it
Backdoc: WITH 8000 TROOPS OFFERED TO THE GLOBAL FORCE AND GROWTH IN THE YUAN BROTHER WE ARE THERE! THE NEW GLOBAL REALITY WILL RAISE ITS FOR ALL TO SEE SOONER THAN LATER!!
Backdoc: HERE WE GO! ANOTHER SIGN THE POLITICAL SOLUTION TO BLACK GOLD INVENTORIES WORLD WIDE!
Dinari131: FLASHBACK SAUDI ARABIA & RUSSIA OIL DEALS
About-Face! Saudi Arabia and Russia Ink Six New Deals, Embark on New 'Petroleum Alliance'
Under the leadership of a new king, Saudi Arabia is reversing course on its Russia policy from 2014
Sat, Jun 20 | 12,980 127
In Riyadh, there’s a new king in town, and he is a very different man than his brother before him. After shaking up the government and replacing the chief executives of Saudi Arabia’s two biggest corporate behemoths (SABIC & Saudi Aramco), his new majesty seems to have the right people in place to carry out what appears to be an entirely new set of policies.
Case in point was this past Thursday’s meeting in St. Petersburg where President Putin received the Deputy Crown Prince and Saudi Defense Minister Muhammad bin Salman (a son of the current King Salman), along with Foreign Minister Adel al-Jubeir and the all-powerful Oil Minister Ali al-Naimi. The two sides signed a total of six new cooperation agreements that included the nuclear and military spheres.
Read more at:
Backdoc: WITH 6.4% GROWTH IN THEIR GDP LAST QUARTER AND REFORMING AND DOWNSIZING THEIR BANKING INDUSTRY TO 15 BANKS, BETTER CONTROLS ARE NOW IN PLACE FOR A LAUNCH INTO THE FINANCIAL SKY! WOW! DOC IMO
Thunderhawk: Vietnam looks for reform and investment boost from TPP deal
Vietnam is hoping for a double boost from the newly struck Trans-Pacific Partnership as better access to the US market helps it lure more global manufacturers and the trade deal drives reforms to its inefficient and corruption-riddled economy.
A nation of 90m people, Vietnam has emerged from a drawn-out banking crisis to become Southeast Asia’s fastest-growing economy by attracting a range of global manufacturers, from technology group Samsung to suppliers for fashion brands Nike and Uniqlo.
Read more at: http://www.ft.com/intl/cms/s/0/e104d4b8-6c11-11e5-aca9-d87542bf8673.html#axzz3nr9CjLaU
Backdoc: THE TPP WILL STANDARDIZE THE GLOBAL SHIPPING AND TRADE ARENA IN MANY WAYS BUT MOST NOTABLY WAGES WILL BE SIMILAR IN ALL MEMBER COUNTRIES! THUS BEGINNING TO STANDARDIZE LABOR VALUES WORLD WIDE! VERY INTERESTING! DOC IMO
Thunderhawk: Backdoc Alert
Tarnished Abenomics gets fresh ammunition from TPP
Japanese Prime Minister Shinzo Abe is likely breathing a huge sigh of relief following the conclusion of the Trans-Pacific Partnership (TPP) negotiations earlier this week.
The sweeping free-trade pact, which encompasses 40 percent of the world economy, is expected to shake up Japan's traditionally insular business world by opening the door to foreign investments and more nimble rivals, analysts say. Abenomics – the leader's three-pronged economic revival strategy that has lost much of its earlier steam, could thus get a boost.
Read more at: http://www.cnbc.com/2015/10/07/abenomics-gets-fresh-ammunition-from-tpp.html
Backdoc: THERE IS CLEARLY A DELICATE PROCESS INVOLVED IN CONTROLLING OIL PRODUCTION WORLDWIDE!
ALL WE CAN DO WATCH AS IT PLAYS OUT! THE ANSWER TO THIS PROBLEM DETERMINES THE DEFLATION/INFLATION BALANCE OF ALL WORLD CURRENCIES! JAPAN IS TRYING HARD NOT TO DEVALUE THEIR CURRENCY IN RESPONSE TO CHINAS' RECENT DEVALUATION!
WE WATCH INVENTORIES SINCE THEY TELL THE TRUTH!
RIG COUNTS ARE FUTURE PRODUCTION NOT ACTIVE WELLS! WE WATCH! DOC
Thunderhawk: Backdoc Alert
Oil Drillers Hunker Down for More Pain One Year Into Bear Market
A year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe’s biggest producer seeing only the first glimpses of a recovery.
In the last five months, U.S. production sank by 590,000 barrels a day, or more than 6 percent. The bad news: Drillers are cutting costs with a speed and brutality not seen in decades, enabling many to continue producing at a high level even as prices remain low. Goldman Sachs Group Inc. sees crude falling by another $10 a barrel as storage tanks fill up in the coming months.
Read more at: