The Trump International Hotel in Vancouver is closing due to the operator filing for bankruptcy, only three years after the establishment opened amid widespread opposition.

The operator TA Hotel Management Ltd. Partnership filed for bankruptcy late last week, owing $4.79 million and holding total assets of $1.1 million, according to records from the Office of the Superintendent of Bankruptcy Canada.

“Its ongoing expenses since the outbreak of COVID-19 and lack of revenue has placed TAHMLP into a position of insolvency,” the operator said in its website, as quoted by Reuters.

The 69-storey hotel was initially shut down on April 4 due to the COVID-19 pandemic, but staff said that the business is no longer accepting bookings due to permanent closure.

China's yuan could become the world’s third-largest reserve currency in the foreseeable future due to increased foreign investment in Chinese companies, analysts at Morgan Stanley conclude in a report distributed Friday (Sept. 4) and cited by CNBC.

The shift would put the yuan behind the U.S. dollar and the euro. Reserves are funds central banks hold in currencies other than their own.

As of the end of the first calendar quarter of this year, the International Monetary Fund lists the world’s leading reserve currencies as the U.S. dollar, the euro, the Japanese yen and the British pound, followed by the yuan, the Canadian dollar and the Australian dollar.

China's yuan could become the world’s third-largest reserve currency in the foreseeable future due to increased foreign investment in Chinese companies, analysts at Morgan Stanley conclude in a report distributed Friday (Sept. 4) and cited by CNBC.

The shift would put the yuan behind the U.S. dollar and the euro. Reserves are funds central banks hold in currencies other than their own.

As of the end of the first calendar quarter of this year, the International Monetary Fund lists the world’s leading reserve currencies as the U.S. dollar, the euro, the Japanese yen and the British pound, followed by the yuan, the Canadian dollar and the Australian dollar.

China's yuan could become the world’s third-largest reserve currency in the foreseeable future due to increased foreign investment in Chinese companies, analysts at Morgan Stanley conclude in a report distributed Friday (Sept. 4) and cited by CNBC.

The shift would put the yuan behind the U.S. dollar and the euro. Reserves are funds central banks hold in currencies other than their own.

As of the end of the first calendar quarter of this year, the International Monetary Fund lists the world’s leading reserve currencies as the U.S. dollar, the euro, the Japanese yen and the British pound, followed by the yuan, the Canadian dollar and the Australian dollar.

China Allows for Stronger Yuan as Xi Turns Focus to Home
Bloomberg News
September 4, 2020, 4:00 AM GMT+8
Updated on September 4, 2020, 4:51 PM GMT+8
Currency has jumped nearly 5% since this year’s nadir in May
Beijing hopes to stimulate imports, boost domestic consumption
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending.

China Allows for Stronger Yuan as Xi Turns Focus to Home
Bloomberg News
September 4, 2020, 4:00 AM GMT+8
Updated on September 4, 2020, 4:51 PM GMT+8
Currency has jumped nearly 5% since this year’s nadir in May
Beijing hopes to stimulate imports, boost domestic consumption
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending.

China Allows for Stronger Yuan as Xi Turns Focus to Home
Bloomberg News
September 4, 2020, 4:00 AM GMT+8
Updated on September 4, 2020, 4:51 PM GMT+8
Currency has jumped nearly 5% since this year’s nadir in May
Beijing hopes to stimulate imports, boost domestic consumption
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending.

China will further cut holdings of US bonds - Global Times 'experts'
Thu 3 Sep 2020 19:37:25 GMT

"China will gradually decrease its holdings of US debt to about $800billion under normal circumstances. But of course, China might sell all of its US bonds in an extreme case, like a military conflict," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Thursday.

One reason for the bond selling is because Beijing is increasingly concerned about the potential risks behind surging debt level in the US, experts said.
China has cut USD holdings this year so the trend is certainty divestment and it's undoubtedly negative for the currency going forward. Then again, the Fed's buying $5 in bonds for every one that China sells.

"China will gradually decrease its holdings of US debt to about $800billion under normal circumstances. But of course, China might sell all of its US bonds in an extreme case, like a military conflict," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Thursday.

One reason for the bond selling is because Beijing is increasingly concerned about the potential risks behind surging debt level in the US, experts said.
China has cut USD holdings this year so the trend is certainty divestment and it's undoubtedly negative for the currency going forward. Then again, the Fed's buying $5 in bonds for every one that China sells.

State-sanctioned Global Times -- citing economists -- says China will cuts its holdings of US bonds from the current level of above $1 trillion to about $800 billion on worries about US crackdowns and a ballooning US deficit.

This is framed as speculation but nothing gets past the Chinese censors unless they're sending a message.

China will further cut holdings of US bonds - Global Times 'experts'

Berkshire Hathaway Inc's USD 6.2 billion (4.6 billion pounds) foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling US dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic.

Berkshire said late Sunday, on Buffett's 90th birthday, it owned just over 5 percent of each of Itochu Corp, Marubeni Corp, Mitsubishi Corp Mitsui & Co Ltd and Sumitomo Corp <8053.T>, and said it could increase its stakes to 9.9 percent.

Berkshire Hathaway Inc's USD 6.2 billion (4.6 billion pounds) foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling US dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic.

Berkshire said late Sunday, on Buffett's 90th birthday, it owned just over 5 percent of each of Itochu Corp, Marubeni Corp, Mitsubishi Corp Mitsui & Co Ltd and Sumitomo Corp <8053.T>, and said it could increase its stakes to 9.9 percent.

Why Buffett's bet on Japan could turn on higher inflation, weakening dollar
CNBC-TV18 • September 01, 2020 08:36 AM IST
By Reuters

Bitcoin to soar as Buffett exits USD: Max Keiser
TV host says the top crypto will reach all-time high in near term as world loses confidence in reserve currency
By PAUL MUIR
SEPTEMBER 1, 2020

The US dollar is becoming so enfeebled by excess printing that even billionaire investor Warren Buffett is jumping ship. But this debasement of the world’s reserve currency is good news for bitcoin holders, according to analyst and TV presenter Max Keiser, because it will push its price to all-time highs.

“Buffett’s move into Japan, along with his GOLD investment, confirms he’s getting out of USD BIGLY,” Keiser tweeted on Monday. “USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term.”

Bitcoin to soar as Buffett exits USD: Max Keiser
TV host says the top crypto will reach all-time high in near term as world loses confidence in reserve currency
By PAUL MUIR
SEPTEMBER 1, 2020

The US dollar is becoming so enfeebled by excess printing that even billionaire investor Warren Buffett is jumping ship. But this debasement of the world’s reserve currency is good news for bitcoin holders, according to analyst and TV presenter Max Keiser, because it will push its price to all-time highs.

“Buffett’s move into Japan, along with his GOLD investment, confirms he’s getting out of USD BIGLY,” Keiser tweeted on Monday. “USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term.”

Bitcoin to soar as Buffett exits USD: Max Keiser
TV host says the top crypto will reach all-time high in near term as world loses confidence in reserve currency
By PAUL MUIR
SEPTEMBER 1, 2020

The US dollar is becoming so enfeebled by excess printing that even billionaire investor Warren Buffett is jumping ship. But this debasement of the world’s reserve currency is good news for bitcoin holders, according to analyst and TV presenter Max Keiser, because it will push its price to all-time highs.

“Buffett’s move into Japan, along with his GOLD investment, confirms he’s getting out of USD BIGLY,” Keiser tweeted on Monday. “USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term.”

Oil rises in shift to risk assets as US dollar slides
Business
Oil rises in shift to risk assets as US dollar slides
01 Sep 2020 09:15AM




Bookmark

MELBOURNE: Oil prices rose in early trade on Tuesday, reversing overnight losses, as investors shifted to risk assets and out of the safe-haven U.S. dollar, which slid to a more than two-year low.

Brent crude futures climbed 27 cents, or 0.6per cent, to US$45.55 a barrel at 0055 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.5per cent, to US$42.82 a barrel.

Ant Group's upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level since 1999.
Should demand for the offering hold up, Ant's debut could bring global first-time stock sales to more than $57 billion, according to data collected by Bloomberg. The dot-com bubble's annual proceeds peaked at $62 billion.
The debut is the latest to enjoy surging investor demand for tech stocks. With concentration in giants like Apple and Microsoft reaching historic highs, traders have turned to the IPO market for cheaper entry into the tech sector.

Ant Group's upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level since 1999.
Should demand for the offering hold up, Ant's debut could bring global first-time stock sales to more than $57 billion, according to data collected by Bloomberg. The dot-com bubble's annual proceeds peaked at $62 billion.
The debut is the latest to enjoy surging investor demand for tech stocks. With concentration in giants like Apple and Microsoft reaching historic highs, traders have turned to the IPO market for cheaper entry into the tech sector.

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Ant Group's upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level since 1999.
Should demand for the offering hold up, Ant's debut could bring global first-time stock sales to more than $57 billion, according to data collected by Bloomberg. The dot-com bubble's annual proceeds peaked at $62 billion.
The debut is the latest to enjoy surging investor demand for tech stocks. With concentration in giants like Apple and Microsoft reaching historic highs, traders have turned to the IPO market for cheaper entry into the tech sector.

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Putin Would Like To See Oil Prices Above $46 Per Barrel
By Tsvetana Paraskova - Aug 27, 2020, 1:00 PM CDT

Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said as quoted by Hart Energy.

The company stopped drilling in the Bakken and the Marcellus shale plays where it has acreage in March this year as it slashed billions in spending in response to the oil price collapse. Now, Equinor will also be cutting jobs in the shale patch, although it has yet to specify how many.

When vaccine found, it will became ordinary again

Russian coronavirus vaccine effective and safe, says Vladimir Putin
By Associated Press

THU AUG 27, 2020 / 11:47 AM EDT
Bangladesh approves late-stage trial of China's Sinovac COVID-19 vaccine candidate
Ruma Paul

Russian coronavirus vaccine effective and safe, says Vladimir Putin
By Associated Press - 7 hours ago

THU AUG 27, 2020 / 11:47 AM EDT
Bangladesh approves late-stage trial of China's Sinovac COVID-19 vaccine candidate
Ruma Paul

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/

https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/

US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China

US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China

U.S. Blasts HSBC for Siding With China Over Hong Kong

U.S. Blasts HSBC for Siding With China Over Hong Kong

U.S. Blasts HSBC for Siding With China Over Hong Kong

HSBC Amanah arranges first Asean green SRI sukuk for Leader Energy
BANKING
Wednesday, 12 Aug 20204:55 PM MYT

HSBC Amanah arranges first Asean green SRI sukuk for Leader Energy
BANKING
Wednesday, 12 Aug 20204:55 PM MYT

0.50 on the way

KUALA LUMPUR: Airasia X Bhd (AAX) mencatat kerugian bersih lebih tinggi kepada RM305.24 juta bagi suku kedua berakhir 30 Jun, 2020 daripada RM207.11 juta bagi tempoh sama tahun lalu.

Ia susulan penurunan drastik pendapatan kepada RM91.44 juta daripada RM1.01 bilion sebelum ini.

Gold now RM261 per gram above

Fox Business
☰
CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises

Fox Business
☰
CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises

By Mark Guarino, Mark Berman, Jaclyn Peiser and Griff Witte
August 26, 2020 at 5:28 PM EDT
KENOSHA, Wis. — Authorities on Wednesday said a 17-year-old had been charged with homicide after two people were killed and another seriously wounded by gunfire during overnight protests over the police shooting of Jacob Blake Jr.