BACKDOC: NO DOUBT THAT FOREIGNERS WILL BENEFIT FROM INVESTMENTS THEIR BUT THE PEOPLE WILL ALSO BENEFIT! COST OF LIVING IS RELATIVE TO THE COUNTRY THINGS ARE PRODUCED IN. STILL IT WILL BE AN INCREDIBLE PLACE TO INVEST!
SOMEONE LEFT THE CAKE OUT IN THE RAIN! AND IT TOOK SO LONG TO BAKE IT...... OOPS! THIS IS A PIE!
BETTER GET YOUR PIECE OF THE DING DONG PIE WHILE THERE IS STILL A SLICE FOR YOU!
DING DONG DOC IMO
Thunderhawk: Will foreigners “enjoy” Vietnam’s TPP pie?
VietNamNet Bridge – Products of Thailand, Korea and Japan are dominating the Vietnamese market. Notably, there are many signals showing the expansion of Thai retailers in Vietnam while Thailand is not a TPP member. Will Vietnam’s TPP pie be indirectly enjoyed by the countries heavily investing in Vietnam?
Hoang Trung Dung, Chairman and General Director of AIDA Vietnam Consulting and Trade Company, and FSB Business Administration Institute, said that in addition to the retail sector, Thailand also intends to acquire Vietnamese travel firms. Foreign investors are also eyeing Vietnamese beverage market.
When foreign investors heavily invest in Vietnam, we will not only lose the profits of the TPP pie. Once Thai, Korean and Japanese bosses are involved in running their firms in Vietnam, their goods will invade the local market and push Vietnamese goods out of their supermarkets. Foreign investors will benefit a lot,” Dung said.
Dr Le Dang Doanh, former director of the Central Institute for Economic Management, said that Thailand was one of the largest Southeast Asian investors in Vietnam. This is an inevitable fact because both countries are members of the ASEAN Economic Community.
“We have the TPP cake but most of the cake is enjoyed by foreigners. Domestic enterprises must link together to benefit from the TPP,” Doanh noted.
Mr. Alex Maskiell, Second Secretary for the Division for Cooperation and Economic Development of the Australian Embassy in Hanoi, said that this situation was happening in some other big countries, not only in Vietnam. However, with this impact, if Vietnam cooperates well with big economies, the potential will be enormous.
Alex said that foreign investment brings huge resources for Vietnam to develop and to acquire modern science and technology.
He said that Vietnam must understand its own investment, so Vietnam should not restrict investment but learn from foreign investors before competing with them.
http://www.vietnambreakingnews.com/2016 ... s-tpp-pie/
BACKDOC: I THINK WHAT MOST PEOPLE DON'T REALIZE IS THAT NEW TECHNOLOGIES ARE ABOUT TO BE LAUNCHED IN THE U.S ONCE THE GCR IS SET IN MOTION!
THE 12 AREN'T STUPID! REALIZE THAT WITH TPP AND ALL THE DIGITAL PROTECTIONS THAT THE WTO WILL ENFORCE WILL BRING THE INNOVATIONS TO CREATE THE NEW JOBS TO AMERICA AGAIN!
TRUST ME WHEN I TELL YOU THIS!
THERE ARE TECHNOLOGIES JUST WAITING TO BE LAUNCHED HERE BUT WE NEED TO PROTECT THE INTELLECTUAL PROPERTIES WHICH ARE BEING PUT IN PLACE!
FOR ANY JOBS THAT WE EXPORT I ASSURE YOU THAT THE GREATEST INNOVATORS IN THE WORLD WILL BEGIN TO SHINE HERE SOON!
Thunderhawk: US call-centre jobs may be exported under TPP
American call-centre jobs may be one casualty of the Pacific trade deal signed last week that allows US federal contract work to be shifted to Malaysia, Vietnam and Brunei.
Opponents of the 12-nation Trans-Pacific Partnership are seizing on the provision as an example of how the pact would help US companies with overseas operations to cut costs when vying for their own government's work, and hurt US workers in the process.
"If you can pay workers 2 an hour, it's a really easy way to achieve cost savings at the expense of American jobs," said Dan Mauer, a legislative representative for the Communications Workers of America, a labour union with about 700,000 US members.
http://www.menafn.com/1094581540/US-cal ... PP?src=RSS
Thunderhawk: Backdoc Alert
Deutsche Bank to Buy Back $5.4 Billion Bonds in Euros, Dollars
Deutsche Bank AG, seeking to reverse an investor stampede away from its stock and debt, plans to buy back about $5.4 billion of bonds, including some it issued barely a month ago.
The buyback announcement, which helped send the shares of Germany’s biggest lender up 12 percent Friday, came at the end of a disastrous week for banks. The Stoxx Europe 600 Banks Index is down 25 percent this year, and measures of risk on banks and insurers in Europe hit the highest since at least 2013. Investors are concerned banks’ bottom lines will suffer amid falling oil prices, China’s economic slowdown, negative interest rates and a pullback by some sovereign-wealth funds.
In the U.S., JPMorgan Chase & Co. Chairman Jamie Dimon spent $26.6 million of his own money to buy shares of his bank, a regulatory filing showed Thursday, joining a group of at least four share-purchasing bank top executives this year. Deutsche Bank is down 32 percent this year and Credit Suisse Group AG shares plunged to the lowest level in a generation on Thursday. A filing Friday showed that Credit Suisse’s biggest shareholder, Norway’s sovereign-wealth fund, expanded its stake in the lender from just below 5 percent to 5.03 percent earlier in the week.
“This is a tool Deutsche Bank can use to reduce the panic,” said Roger Francis, an analyst at Mizuho International Plc in London. “It doesn’t really address the underlying concern that people have about the bank. They need earnings to pay dividends and subordinated bond coupons, and that’s where the question marks are.”
The move comes just days after Deutsche Bank told investors and staff that it has sufficient funds to pay coupons on its riskiest debt. Co-Chief Executive Officer John Cryan said the bank is “rock solid.”
Deutsche Bank is seeking to bolster confidence after credit-default swaps insuring its subordinated debt rose to the highest on record, according to data compiled by Bloomberg. The bank said in a statement on Friday that its “strong liquidity position” allows it to repurchase the senior unsecured notes without any change to its 2016 funding plan. It’s offering to buy 3 billion euros ($3.4 billion) of bonds in the single currency and $2 billion of dollar notes.
“The bank is using market conditions to buy back these bonds at attractive prices and to cut debt,” Chief Financial Officer Marcus Schenck said in a statement on the website. “By buying them back below their issuance value, the bank is making a profit. The bank is also using its financial strength to provide liquidity to bond investors in a difficult market environment.”
The bank’s 1.75 billion euros of 6 percent contingent convertible notes redeemable in April 2022 rose 2 cents on the euro to 73 cents, up from a record low of 70 cents on Tuesday, data compiled by Bloomberg show. The banks’ riskiest debt was downgraded by Standard & Poor’s on Thursday to four6 percent contingent convertible notes levels below investment grade.
The cost of insuring the bank’s subordinated debt for five years fell 15 basis points on Friday to 493 basis points, after closing in London at the highest level since Bloomberg began tracking the data in 2002. The one-year contracts reached a record high of 551 basis points on Thursday, the data show.
"The market is providing them a great opportunity to buy back their debt," said Anthony Smouha, chief executive officer of Geneva-based Atlanticomnium SA, which manages the GAM Star Credit Opportunities. "They are still the number one German bank. There is no systemic crisis. They have deposits coming out of their ears."
The offer includes the $1.75 billion of bonds that the German lender issued just a little more than a month ago, according to the filing. The firms that bought the biggest piece of that offering at 100 cents on the dollar are now being asked to sell them back to the bank at up to 97.3 cents, according to calculations by Bloomberg Intelligence analyst Arnold Kakuda. The securities were quoted at 95.6 cents on the dollar on Thursday.
Deutsche Bank is seeking to buy back bonds due between 2017 and 2026, according to the statement. The majority of the securities being accepted for tender mature within five years.
“The bonds they’ve selected are senior bank bonds with generally relatively short maturities,” said Gregory Turnbull-Schwartz, an Edinburgh-based fixed-income manager at Kames Capital, which manages about 55 billion pounds ($80 billion). “It would be a little surprising that this would be seen as such reassurance, when the rules now require significant amounts of liquidity to be held by all European banks.”
The Markit iTraxx Europe Subordinated Financial index, a measure of risk, fell 15 basis points to 299 basis points after closing in London on Thursday at an almost three-year high, according to data compiled by Bloomberg.
Since taking over last year, Cryan has been seeking to raise capital buffers and restore investor confidence in a bank battered by rising compliance costs and losses at its securities unit. The lender last month posted a net loss of 6.8 billion euros for 2015, its first annual shortfall since 2008.
“It’s quite a smart move,” Christopher Wheeler, an analyst at Atlantic Equities, said in an interview on Bloomberg Television on Friday. “What they’ve done is said ‘look, we’re going to put our money where our mouth is and we’re actually going to announce the transaction which will obviously benefit earnings.’ It’s going to boost their capital as well as their shareholders’ funds.”
http://www.bloomberg.com/news/articles/ ... os-dollars
Mountainman: ALL this Gobbily Gook is saying........WE ARE IN BIG TROUBLE......So BEFORE WE MAKE EVERYONE .......Go On TAKE YOUR $$$ MONEY and RUN.....WOO WOO......STEVE MILLER BAND..........Let's TRY and Save Face.....IMO...A (TREND) W/BIG BANKS..... COMING TO A COUNTRY NEAR YOU!!!!!!!!
BACKDOC: THERE'S A FOX IN THE HEN HOUSE FOLKS!
THIS ARTICLE TELL ME A LOT! WITH ALL THE FINANCIAL TROUBLE THIS BANK HAS BEEN HAVING OF LATE, MANY ARE CONCERNED OF ITS VIABILITY IN THE NEAR FUTURE.
WE ALL BY NOW UNDERSTAND THE CONCEPT OF BAILINS BY NOW AND WHAT THAT MEANS. NOW LET ME ASK YOU?
IF YOUR A BANK IN TROUBLE AND MAY BE IN SERIOUS NEED OF CASH TO PROTECT YOUR SELF FROM A SEVERE MELTDOWN WHY WOULD YOU GIVE UP CASH TO BY BACK BONDS WHEN YOU DON’T HAVE TO? MMMM
REALIZE, THAT IF THE BANK BECAME CASH STRAPPED THEY WOULD RESORT TO DEPOSITORS CASH AND GIVE THEM A BOND ANYWAY.
WELL, I THINK THE ANSWER IS SOMEONE WHO IS A BIG BOND HOLDER MAY HAVE SERIOUS CONCERNS ABOUT THE VIABILITY OF THE BANK FOR SOME REASON AND WANTS THEIR MONEY OUT OF THOSE BONDS BEFORE THEY GO BUST!
THE BOND HOLDERS SIMPLY GET PAID OFF AND TAKE THEIR MONEY ELSEWHERE TO BE SECURITIZED AND LEAVE THE DEPOSITORS HANGING OUT TO DRY IF THERE IS A FAILURE! MMMMM
THANKS FOR THE PIC THUNDER! HEE HEE
JUST MY OPINION AND WE ALL HAVE ONE,