Anonymous ID: 0af07e Nov. 19, 2020, 7:58 p.m. No.12973   🗄️.is đź”—kun   >>3030 >>3069 >>3092 >>3093 >>3141 >>3142 >>3146

APEC: Japan's Suga vows to push for bigger trade pacts after RCEP

 

All eyes on Trump and China ahead of virtual leaders meeting.

Japanese Prime Minister Yoshihide Suga called for a broader Asia-Pacific free trade framework on Friday, in a video message to Malaysia's Asia-Pacific Economic Cooperation summit ahead of a virtual leaders meeting later in the day.

 

Suga said Japan wants to realize the proposed Free Trade Area of the Asia-Pacific, or FTAAP, "through the signing of the Regional Comprehensive Economic Partnership and the sound execution and expansion of the Trans-Pacific Partnership." Japan joined 14 other Asia-Pacific countries in signing RCEP last weekend, and in 2021 it aims to lead talks on the way forward for the 11-member TPP – officially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, signed in 2018. The U.K. has been floated as a possible TPP addition, especially after it recently sealed a bilateral deal with Japan. FTAAP, meanwhile, is a vision for linking all 21 APEC member economies.

 

Suga called for "free and fair rules in the international economy, amid tendencies toward inward-oriented thinking in the global economic downturn" brought on by COVID-19. In remarks following Suga, New Zealand Prime Minister Jacinda Ardern also spoke of "building on" the CPTPP after signing RCEP. "We must not repeat the mistakes of history by retreating into protectionism," she said. "APEC must continue to commit to keeping markets open and trade flowing." Their statements were part of the APEC CEO Dialogues, a two-day online event featuring speeches by world leaders and discussions with business executives. On the first day, several leaders including Chinese President Xi Jinping also called for promoting trade and avoiding the protectionist impulse.

 

A speaking slot had been tentatively reserved for U.S. President Donald Trump, but he did not participate in the dialogues. News agencies AFP and Reuters have both reported that Trump does intend to take part in the APEC summit, citing unnamed American officials. For Trump, the meeting may be an appealing opportunity to go after China in what might be one of his last major international summits, amid his effort to challenge his apparent loss to Joe Biden in the U.S. election. It was Trump who pulled the U.S. out of the original TPP, forcing the remaining 11 countries to regroup. Former Japanese Prime Minister Shinzo Abe pushed hard to keep the deal alive, and Suga who took the reins from Abe in September made it clear he wants Japan to play a leadership role on multiple fronts.

 

Suga said Japan seeks to "lead the international rules related to digital trade," as it co-chairs the negotiations on trade-related aspects of electronic commerce at the World Trade Organization.

moar

https://asia.nikkei.com/Politics/International-relations/APEC-Japan-s-Suga-vows-to-push-for-bigger-trade-pacts-after-RCEP

Anonymous ID: 0af07e Nov. 20, 2020, 7:12 a.m. No.13101   🗄️.is đź”—kun   >>3146

Lebanon’s Recovery Stuck as Bank Auditors Quit Over Lack of Data

 

The turmoil surrounding Lebanon’s financial collapse deepened on Friday after an international firm quit its contract to audit the central bank’s accounts, a key step in unlocking billions of dollars in aid.

 

Outgoing Finance Minister Ghazi Wazni told the country’s president that auditors Alvarez & Marsal had terminated the agreement after being unable to secure the data the firm needed, according to the presidency’s official Twitter page. In October, the government had given the company three more months to finish its work and vowed to facilitate the process. The central bank, also known as Banque du Liban, has repeatedly said that banking secrecy laws dating from the 1950s prevent it from handing over all the information sought by the auditors. The bank delivered less than half of the documents that Alvarez & Marsal had requested. Changing the banking laws would require parliamentary approval.

 

The audit was a central demand of international donors, led by France, to enable the delivery of financial assistance and allow progress on a loan deal with the International Monetary Fund. Both are seen as essential to help Lebanon through its worst economic meltdown in decades. The country has also signed agreements with KPMG and Oliver Wyman for accounting audits. Lebanon has been under heavy financial strain since October of last year when thousands took to the streets to protest worsening living conditions and demand the ouster of a political class they say has pillaged state coffers. Lebanon’s Central Bank Hindering Effective Audit, Premier Says

 

Auditors were expected to reveal how the government spent money it borrowed from the central bank, and expose corruption. A group of parliamentarians had been working on a draft law to temporarily lift the banking secrecy laws for the duration of the audit contract to allow full data access. Prime Minister Hassan Diab, who’s ruling in a caretaker capacity as Lebanon is still without a sworn-in government, has repeatedly urged central bank Governor Riad Salameh to deliver the requested documents or risk being seen as hindering the reform process.

 

Lebanon President Asks Former PM Saad Hariri to Form New Govt Diab and his government have long been critical of Salameh, blaming his monetary policy for worsening the financial crisis and failing to stem a crash in the currency. Former Premier Saad Hariri has been tasked with forming a new administration after vowing to implement the reform initiative proposed by France.

https://www.bnnbloomberg.ca/lebanon-s-recovery-stuck-as-bank-auditors-quit-over-lack-of-data-1.1525458

Anonymous ID: 0af07e Nov. 20, 2020, 7:26 a.m. No.13106   🗄️.is đź”—kun   >>3146

Big banks take baby steps toward commercializing blockchain

 

A few years back, blockchain was the talk of the financial services industry. Several large banks were testing the technology, lured by the promise of improving some of the sector’s oldest processes.

 

This year, investors could be forgiven for wondering where blockchain went. After much hype in 2017, as the value of cryptocurrencies like bitcoin skyrocketed, lenders aren’t as vocal about new blockchain pilots as they were back then. But that doesn’t mean they’ve stopped investing in the technology. Originally created as the digital ledger for bitcoin transactions, blockchain is essentially a different form of database that’s maintained across several computers. Banks have so far mainly opted to take some of the principles behind blockchain, adapting the technology for different use cases to crypto.

 

In Italy, much of the country’s banking sector now uses Spunta, a blockchain network based on technology from New York-based firm R3, to reconcile balances between them, founder and CEO David Rutter told CNBC’s “Squawk Box Europe.” “We’ve talked for some time now about the promise of enterprise blockchain and it’s great to finally see it in practice and working at scale,” he said earlier this week. Still, the Italian market represents just a fraction of the European — and, of course, worldwide — banking industry, while reconciliation of accounts is just one use case where experts say blockchain can be applied.

 

“It’s a start,” Rutter said. “We’d love to see it adopted in other European countries and then globally. The infrastructure that they have in place creates the foundation to roll out other technologies that can really have an impact on their bottom line.” For some big banks, the focus has increasingly turned to figuring out how they can actually make some money from blockchain. JPMorgan Chase, for instance, recently revealed its in-house digital currency JPM Coin had gone live for the first time with a large technology client.

 

The People’s Bank of China is already testing a digital version of the yuan, while other central banks have laid out a framework for how such virtual currencies could work in practice. ConsenSys, which is led by Ethereum co-founder Joseph Lubin, is working on central bank digital currency projects in Hong Kong, Australia, France and Thailand.

moar

https://www.cnbc.com/2020/11/20/big-banks-take-baby-steps-toward-commercializing-blockchain.html

Anonymous ID: 0af07e Nov. 20, 2020, 8:12 a.m. No.13120   🗄️.is đź”—kun   >>3123 >>3133

>>13119

it appears that way-especially from the activity yesterday when QR was pretty much off line on this end.

(even typed the address manually for the current bread yesterday and that was a no go too)

Even the index screwed but this kept right along for the most part.

Anonymous ID: 0af07e Nov. 20, 2020, 8:33 a.m. No.13124   🗄️.is đź”—kun   >>3146

Revolve Group sold by TPG Consumer Partners: $95.95m-Nov 18

 

This follows sales on Sept 10 of: $72.09m and Aug 17 of : $101.12m

 

Revolve Group, Inc., formerly Revolve Group, LLC, is fashion accessories retailing company. The Company provides an online platform, which offers over 45,000 apparel, footwear, accessories and beauty style products from more than 500 emerging, established and owned brands. The Company offers apparels for both men and women in various categories, which include active wear, denims, intimates, jackets and coats, wedding dresses, jumpsuits, loungewear, pants, rompers, shorts, skirts, sweaters and knits, swimwear and tops. The Company offers varieties of shoes, which include boots, booties, flats, heels, mules, sandals, sneakers and wedges. Its beauty and other accessory products include lipsticks, nail polishes, shampoos, conditioners, dry shampoos, hair styling products, moisturizers, eye care products, hats, sunglasses and eyewears, belts, scarves, backpacks, cluthes, travel bags, rings, bracelets and necklaces. Number of employees : 1 008 people.

https://www.marketscreener.com/quote/stock/REVOLVE-GROUP-INC-59178690/company/

 

Senior Managing Director TPG Consumer-Hadley Mullin

Prior to joining TSG, Hadley was with Bain & Company where she worked in a variety of practice areas, including consumer products, retail and healthcare. Her experience includes business unit strategy, sales and marketing optimization and new product development. Hadley also worked in Bain’s private equity practice, where she conducted strategic and operational due diligence for private equity clients. Hadley has also served as a judge for the Ernst & Young Entrepreneur of the Year® awards. She is a regular guest lecturer at Stanford Business School and Chairman of the Stanford Business School Trust. Hadley graduated Phi Beta Kappa from Dartmouth College and earned an MBA from the Stanford University Graduate School of Business, where she was an Arjay Miller Scholar.

https://www.tsgconsumer.com/team/hadley-mullin

https://www.finviz.com/insidertrading.ashx?oc=1536300&tc=7&b=2

Anonymous ID: 0af07e Nov. 20, 2020, 8:56 a.m. No.13138   🗄️.is đź”—kun   >>3141 >>3142

AF2 USAF VIP C-32A heading for Atlanta-and on descent for Dobbins ARB for VP Mike Pence attending Defend the Majority Rally in Georgia on Friday

https://wgxa.tv/news/beyond-the-podium/vp-mike-pence-to-attend-defend-the-majority-rally-in-georgia-on-friday