>>87754 pb
97-0401 USAF G5 departed Larnaca Int'l Airport, Cyprus and heading west after a ground stop-inbound from Lisbon ground stop at Shaw AFB depart yesterday
SPAR88 USAF G5 and Hungarian AF BARKT53 C-17 Globemaster departed Sigonella AB
Belgian AF BAF655 A400M se from Brussels Int'l depart and over western Greece
morning
Russia's gold and FX reserves hit record high after IMF transfer
Russia’s international gold and foreign currency reserves rose to a record high of $615.6 billion after receiving a tranche from the International Monetary Fund, the central bank said on Thursday. The IMF gave Russia around $17.5 billion in its Special Drawing Rights in late August as part of the global $650 billion SDR allocation, its largest distribution of monetary reserves on record.
Russia’s gold and FX reserves, the world’s fourth-largest, rose by $20 billion in the week to Aug. 27, the central bank said in a weekly report. Countries can use the SDR allocation to support their economies or swap them with other countries, but should not use the fiscal space to delay needed economic reforms or debt restructuring, the IMF said.
https://www.reuters.com/article/russia-reserves/russias-gold-and-fx-reserves-hit-record-high-after-imf-transfer-idUSL1N2Q416S
did they not gets da memo next door on dat
>asking for a fren
Myanmar parallel government to challenge regime with $700m budget
Shadow finance minister takes aim at military generals on economic battlefield
Myanmar's shadow National Unity Government has stepped up its revenue generation and fundraising efforts to channel hundreds of millions of dollars into opposing the military regime that seized power on Feb. 1. It is also tapping international supporters, including wealthy overseas Burmese, and lobbying to cut funding flows to the military regime, known as the State Administration Council, while pressing foreign investors to divest from military-linked businesses. The NUG is preparing its first budget, which will amount to about $700 million and will be unveiled in the coming weeks, according to the group's economic advisers. The funds, held mainly in accounts outside the country, will support humanitarian relief, COVID-19 vaccinations and striking workers inside Myanmar, as well as the NUG's operations at home and abroad. Although not directly comparable, the country's parliament last August passed a national budget of 34.1 trillion kyat ($20.7 billion) for the fiscal year through September this year.
Revenue sources range from international crowdfunding campaigns to a covert lottery that is expected to bring in about $8.4 million per month from domestic and international buyers, according to the group's calculations. A test run in early August of 250,000 tickets sold out in four days, generating 500 million Myanmar kyat ($300,000), of which 70% went to striking government workers, the NUG said. The rest was prize money, it said. The group is also "making progress" in efforts to retrieve $1 billion of Myanmar's foreign reserves that were frozen by the U.S. after the military takeover. The body, which styles itself as a parallel administration to the military regime in Naypyitaw, is in the process of setting up an official international bank account to unify its treasury operations, NUG Finance Minister Tin Tun Naing told Nikkei Asia in a rare, recent interview. "The truth is, we need a lot of money," Tin Tun Naing said, speaking by video link from an undisclosed location. "Even if we recover the $1 billion that the U.S. has frozen, given the scale of the problems that Burma is facing, it will still not be near enough." A former businessman with degrees in electrical engineering and an executive MBA, Tin Tun Naing headed his own construction business in Yangon before joining the National League for Democracy and running successfully for parliament in 2015.
Like other NLD lawmakers, Tin Tun Naing went into hiding after the military takeover to form the NUG with representatives of civil society as well as ethnic and other minority groups. He has helped shape an economic team and a reform agenda and is taking aim at the military's failures in managing the economy and a virulent third wave of COVID-19. He is also taking a stand for human rights in a country in which more than 1,040 people have been killed and 7,740 detained by security forces since Feb. 1. The military regime is preparing a Myanmar Economic Recovery Plan that it says will help revitalize the battered, post-pandemic economy. The final draft, seen by Nikkei, makes little mention of the Feb. 1 takeover that triggered mass protests, strikes and near-economic paralysis which led to the temporary closures of businesses and banks.
Rather, the plan outlines numerous programs, from reducing corporate taxes and cutting imports to promoting tourism and foreign investment, listed under "five road maps, 10 action plans, 20 objectives and 407 action lines." Although largely based on economic programs of the ousted NLD government, the plan omits such key NLD goals as reforming state-owned enterprises and overhauling the tax system and project funding.
moar
https://asia.nikkei.com/Spotlight/Myanmar-Crisis/Myanmar-parallel-government-to-challenge-regime-with-700m-budget
Olin Corporation sold by Sachem Head Capital Management: $148.35m-Sept 1
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. Number of employees : 8 000 people.
https://www.marketscreener.com/quote/stock/OLIN-CORPORATION-13902/company/
Scott Ferguson is Managing Partner and Portfolio Manager at Sachem Head also a protege of Bill "the Cat" Ackman-Pershing Square
Scott D. Ferguson Sells 3,000,000 Shares of Olin Co. (NYSE:OLN) Stock
Director Scott D. Ferguson sold 3,000,000 shares of the business's stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $49.45, for a total value of $148,350,000.00. The transaction was disclosed in a document filed with the SEC
https://www.marketbeat.com/instant-alerts/nyse-oln-insider-buying-and-selling-2021-09/
https://finviz.com/insidertrading.ashx?oc=1658919&tc=7&b=2
State-run vaccination sites to extend operation until late November
The Defense Ministry said Thursday it will extend by around two months through late November the operations of state-run mass coronavirus vaccination centers in Tokyo and Osaka as Japan has seen a resurgence of COVID-19 cases.
The ministry also said it will give priority to those age 18 to 39 to reserve their shots in September at the sites, responding to an increasing number of infections among younger people. The priority slots will be set for a total of about 30,000 people. The vaccination sites, run by the Self-Defense Forces, had been scheduled to close around Sept. 25. They administer the vaccine developed by U.S. drugmaker Moderna Inc. Residents from all over Japan can receive shots at the sites if they have vaccine vouchers issued by municipalities. The ministry accepts reservations on its website and through the Line messaging app. The centers are currently able to inoculate 10,000 people per day in Tokyo and 5,000 in Osaka.
https://www.japantimes.co.jp/news/2021/09/02/national/science-health/vaccine-mass-sites/
chek't
Looks like Obrador visiting Pemex in Campeche after the explosion off-shore.
Mexican AF 3529 737 on final at Campeche Int'l Airport from Mexico City Int'l depart
from Aug 27 and 29
Pemex Uses Nitrogen in Haste to Resume Oil Output After Fire
Petroleos Mexicanos is resorting to nitrogen injections into offshore oil wells to quickly restore output following a major platform fire, a measure that could create complications down the line. Under pressure to meet an ambitious goal of restoring full production by Monday, the company is using nitrogen to push oil out of wells because natural gas output was knocked offline after the blast. The problem with the short-term fix is that nitrogen also disperses oil inside the reservoirs into several pockets, making exploration not only more difficult but also more expensive in the long term, one person said. Natural gas is usually used instead to create enough pressure to allow oil to flow out of wells. The beleaguered Mexican state driller lost a quarter of its output on Sunday due to the explosion, putting at risk a government goal of reversing a decade and a half of oil production declines. Holders of debt issued by Pemex are betting that the government will step in to help out the company if needed.
https://www.bloombergquint.com/business/pemex-uses-nitrogen-in-haste-to-restore-oil-output-after-blast
kek
Draghi Says Italy Will Eventually Make Vaccine Compulsory
Italy will eventually make vaccination compulsory, Prime Minister Mario Draghi said at a press conference in Rome on Thursday.
Italy will also start administering a third vaccine shot from later this month, Health Minister Roberto Speranza said, adding that the campaign will start from those with a weak immune system. Speranza stressed that vaccination is already required for health workers, and that this requirement could be expanded to other groups. The country expanded the use of the European Union’s vaccine passport, the so-called “green pass,” this month, and will continue adding activities and venues for which it is required. A green pass is now needed to eat indoors at restaurants, to visit museums and cinemas, and to board planes and long distance trains. A “green pass” is proof of vaccination, of a recent negative Covid-19 test or of recent recovery from the virus.
Draghi sounded upbeat on Italy’s vaccination campaign, saying he was confident that a target to inoculate 80% of the population by end September would be reached. As of this week, 7 out of 10 Italians over 12 are fully vaccinated.
https://www.bnnbloomberg.ca/draghi-says-italy-will-eventually-make-vaccine-compulsory-1.1647265
70% of eberbody over 12 are fully vaccinated...BULLSHIT
China to set up Beijing stock exchange for SMEs, says Xi
China's President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized enterprises (SMEs).
Mainland China's two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland's border with Hong Kong. In a video address at the opening of the China International Fair for Trade in Services (CIFTIS), Mr Xi said China would continue to support the innovation-driven development of SMEs. This would be done by "by deepening the reform of the New Third Board and setting up the Beijing stock exchange as the primary platform serving innovation-oriented SMEs", he added.
Reuters reported in March that China was considering establishing a bourse to attract overseas-listed companies and bolster the global status of its onshore share markets, citing sources with knowledge of the matter. The sources said then that upgrading Beijing's existing equity exchange for small and mid-sized firms, known as the New Third Board, was among the options being discussed. China's securities regulator said setting up a Beijing stock exchange would help deepen financial supply-side structural reforms and improve capital market systems.
In a statement issued shortly after Mr Xi's remarks, the China Securities Regulatory Commission (CSRC) said its leadership was "excited" at the prospect, would study the president's proposal in depth and resolutely implement it. "Small and medium-sized enterprises can do great things," the CSRC added. In other comments in his speech to mark the opening of CIFTIS, a trade fair in Beijing, Mr Xi said China would "create more possibilities for cooperation by scaling up support for the growth of the services sector in Belt and Road countries". The Belt and Road Initiative is Mr Xi's signature trade and infrastructure scheme.
China will support Beijing and other localities in "piloting the alignment of domestic rules with the ones in high-standard international free trade agreements, and in building demonstration zones of digital trade," the president added.
https://www.businesstimes.com.sg/government-economy/china-to-set-up-beijing-stock-exchange-for-smes-says-xi