No default tomorrow. US Futures shot up after this news. Chinese markets were closed on Monday and Tuesday and everybody was expecting Evergrande to default tomorrow.
SHANGHAI, Sept 22 (Reuters) - China Evergrande Group's main unit Hengda Real Estate Group Co Ltd said on Wednesday that it would make a bond interest payment on Sept. 23.
In a statement, Hengda said it would make the coupon payment on its Shenzhen-traded 5.8% September 2025 bond.
https://finance.yahoo.com/news/china-evergrande-unit-says-onshore-010722046.html
Moreover:
PBoC Boosts Daily Liquidity Injection To CNY120Bln
- CNY60Bln Via 7 Day Reverse Repos At 2.20%
- CNY60Bln Via 14 Day Reverse Repos At 2.35%.
Evergrande statement (in Chinese): http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?de76dbdd-9cec-41d4-9940-1fa99484ac4a
Chinese property giant Evergrande is once again begging for leeway on repayments, this time asking for 6 months grace on a $156.9mn bond as it struggles to meet over $300bn of total liabilities.
"A postponement is expected," said a holder of the bonds in question on condition of anonymity. "Given the company is under pressure to prioritize wages ... and apartments."
The only reasoning Evergrande itself gave for the requested delay was the “current operational status” of Hengda, its flagship property arm that issued the bonds. Shares in the company dropped 2.5% on Tuesday.
Subscribe to RT t.me/rtnews
A 2018 African Development Bank study found that Somalia has the highest potential of any African nation for onshore wind power — if it can harness it.
Samatar Mohamed, an economics lecturer at Mogadishu University, agrees. He thinks the country just hasn’t been able to unleash its full potential.
He says if Somalia is able to take advantage of the its abundant renewable energy potential, the price of a kilowatt-hour would not be as expensive as it is. The utility rate would be cheap, and everyone would be able to afford electricity, he added.
Somalia lacks a national power grid and relies on imported fuel, wood and charcoal to address its energy needs. But energy experts say with the longest coastline in mainland Africa & an average of 10 hours of sunshine per day, Somalia has great potential for onshore wind & solar power.
Somalia’s private power companies rely on imported diesel to meet demand, making Mogadishu power cost more than 3x the price of the global average.
Mohamed Dubo, the director of the Somalia Investment Promotion Office, the office tasked with efforts to implement renewable energy, says Somalia is endowed with vast natural resources.
Among the renewable energy sources are wind and solar energy. Dubo says Somalia’s wind speeds are quite high, even the fastest in the world, and these can generate substantial amounts of electricity. Similarly, he says, the country has extended periods of sunshine, and, therefore, the potential to even sell power to its neighbors.
I'm rendering my last 30 days and my resignation haven't been acknowledged yet by my manager.
Yesterday, after our team meeting, I mentioned it to the team na last month ko na with them. Of course I did that kasi concern ako sa workload and transition. For me, wala akong maling nakita don.
Then kaninang 8AM, I received an email from our manager kung sino ba raw nagsabi sa client? And she seemed mad!! All day di ako kinausap.
Mali ba yung ginawa ko? Did I violate some rules or regulations about that? Makakaalis ba ako?! Hahahaha.
++++++++++++
I'm rendering my last 30 days and my resignation haven't been acknowledged yet by my manager.
Yesterday, after our team meeting, I mentioned it to the team na last month ko na with them. Of course I did that kasi concern ako sa workload and transition. For me, wala akong maling nakita don.
Then kaninang 8AM, I received an email from our manager kung sino ba raw nagsabi sa client? And she seemed mad!! All day di ako kinausap.
Mali ba yung ginawa ko? Did I violate some rules or regulations about that? Makakaalis ba ako?! Hahahaha.
Due Dilligence post on what i believe to be an amazing 'once in a lifetime' opportunity
Last untested large frontier rift basins in onshore Africa $IVZ $IVCTF Invictus Energy Ltd (ASX: IVZ) (OTC: IVCTF)
Latest 3rd December 2021 Mini Documentary on the company: https://www.youtube.com/watch?v=a3ZsX0EzLH0
Similar to the popular 88E Energy, and nearby ReconAfrica.
The extensive exploration undertaken by Mobil in the 90's made evident the significant size and technical merits of the Cabora Bassa project. (9.25 TCF + 294 million barrels of conventional gas / condensate)
Company Directors:
IVZ Country Manager (Brent Barber) done the Seismic on this land back in the day for Exxxon Mobil and kept his eyes on it until now.
Dr Stuart Lake (IVZ Non-Executive Chairman) has a stirling reputation in the industry and has made over 300 oil and gas discoveries in 11 countries with a track record of 90% success rate.
All directors are heavily invested: https://www.invictusenergy.com/corporate/board-management/
IVZ already released a prospective resource report in 2019. The report can be seen here
There is also a research report by Envoi UK available here: http://envoi.co.uk/wp-content/uploads/2019/10/P255Invictus(Zimbabwe-SG4571)EnvoIProjectIntroduction.pdf
Total prospective resource of 9.25 TCF + 294 million barrels of conventional gas / condensate
(1) Mzarabani Prospect estimated to contain 8.2 TCF + 250 Million barrels of gas
(2) Msasa Prospect estimated to contain 1.05 TCF + 44 million barrels of gas
So there is more than 1 play here with potential at both. This study was determined by Getech Group, over a 12 month study of Cabora Bassa Project. (if even a fraction is found at either its a big success).
Page 5 also states: The Best estimates reported represent that there is a 50% probability that the actual resource volume will be in excess of the amounts reported.
Page 5 also states: There is greater than 50% ch
... keep reading on reddit ➡
Hey, I am looking to make an oil onshore rig ( as the picture below ) for my university project, I didn't work with lego before, so can you provide me with a suitable kit to buy and work with ? and a basics guide (youtube or website), here's some functions of my rig :
- Lifting and lowering a tool ( i can choose or replace the tool later ).
- Pumping some fluids (if possible).
-More functions will be added later.
Thank you!
(Shout out to u/captain-fan for fixing issue with source linking!)
ADDITIONAL DISCLAIMER: I am not a legal advisor, I do not have any legal training and as such have a pea-sized understanding of the law. (Mainly acquired from watching movies).
The details in the post discuss an ongoing lawsuit and as such all statements referenced from this case are allegations until proven otherwise.
All sources referenced in this post are public information and I do not claim the legitimacy of any evidence presented, merely an ape discussing the evidence available to us.
DISCLAIMER: I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.
Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!! - (And definitely not Insurancely Trained)
-----------------------------------------------------------------------------------------------------------------------------------
(THIS IS GME RELATED)
(Shameless PLUG: Follow me on Twitter for more GME fun: https://twitter.com/BadassTrader69 )
**NEW: SUBSCRIBE ON YOUTUBE
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Here’s something I thought I’d never say…
The most EFFICIENT tax-avoidance financial instrument for Billionaires (Within the US - Offshore doesn’t count)
Is not property…
Is not art…
Is not Stocks…
Is not 401ks…
Is not charity funds…
Is not low tax states…
It’s fucking LIFE INSURANCE!!??
You Apes remember that quote from The Big Short…
And America barely noticed as it’s number 1 industry became boring old banking
https://preview.redd.it/lnoma67t3ew71.png?width=414&format=png&auto=webp&s=adb46df00bf88deed47ac892a8a9ea8777d94052
Well, they were kinda right…
Banking may have the most in terms of AUM, especially when you include Investment banking…
And things like the housing market technically increase in overall value more than any industry makes money ($2.3 Trillion increase in 2020) -- [I WONDER WHY??](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_loo
... keep reading on reddit ➡I have been working at one of the Big 4's "global" office (offshore back office, based in India) for a year now. This is my first job, and I have an MBA in finance from a mediocre business school.
Although I have a fancy title, my job is essentially copying and pasting stuff into PowerPoint and Excel sheets (what they call "company profiles" / "pitch decks" and "trading & transaction comps").
My current plan is to immigrate to Canada (by 2023), start all over again, but this time in Information Technology. I'll start as a Helpdesk (Tech Support Professional), and hopefully in the next 5 years, I'll gain enough knowledge and skills to become a cybersecurity analyst.
Reasons for this career switch:
-
I'm not sure what sort of jobs will I get in Canada, with such kind of skills. I don't think such copy-paste jobs exist in Canada. I think they are all outsourced.
-
Even if I become super proficient in financial modeling and VBA, it will be a lot quicker and easier to land a tech job (an entry-level Tech Support job), as compared to an entry-level job in finance. Moreover, entry-level jobs in finance are usually sales jobs at banks and insurance companies.
-
Also, I'd be short of funds as a new immigrant. I won't be in a condition to wait for several months to land a finance job.
-
Demand for IT professionals >> Demand for finance professionals.
But last night, I had a thought. I know that quite a few folks working at such "global" offices (offshore back offices) are eventually sent to the onshore offices (US, Canada, UK, etc.). I have no clue what exactly do they do there with such kind of skills.
Can you please tell me:
-
What exactly do these folks do at the onshore (US, Canada, UK) offices, with such kind of skills?
-
Do such copy-paste jobs exist in North America, UK, and Western Europe? Am I missing out on something if I start all over again in Tech?
-
If yes, what are these positions/roles called? Are there any growth opportunities in such jobs?
Any suggestions are welcome and appreciated. Thanks!
No default tomorrow. US Futures shot up after this news. Chinese markets were closed on Monday and Tuesday and everybody was expecting Evergrande to default tomorrow. No info on the fate of foreign bondholders in certain, but it is to be believed that they will most likely get stiffed. This is for the onshore bonds
SHANGHAI, Sept 22 (Reuters) - China Evergrande Group's main unit Hengda Real Estate Group Co Ltd said on Wednesday that it would make a bond interest payment on Sept. 23.
In a statement, Hengda said it would make the coupon payment on its Shenzhen-traded 5.8% September 2025 bond.
https://finance.yahoo.com/news/china-evergrande-unit-says-onshore-010722046.html
Moreover:
PBoC Boosts Daily Liquidity Injection To CNY120Bln
- CNY60Bln Via 7 Day Reverse Repos At 2.20%
- CNY60Bln Via 14 Day Reverse Repos At 2.35%
Evergrande statement (in Chinese): http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?de76dbdd-9cec-41d4-9940-1fa99484ac4a
No default tomorrow. US Futures shot up after this news. Chinese markets were closed on Monday and Tuesday and everybody was expecting Evergrande to default tomorrow. No info on the fate of foreign bondholders in certain, but it is to be believed that they will most likely get stiffed. This is for the onshore bonds
SHANGHAI, Sept 22 (Reuters) - China Evergrande Group's main unit Hengda Real Estate Group Co Ltd said on Wednesday that it would make a bond interest payment on Sept. 23.
In a statement, Hengda said it would make the coupon payment on its Shenzhen-traded 5.8% September 2025 bond.
https://finance.yahoo.com/news/china-evergrande-unit-says-onshore-010722046.html
Moreover:
PBoC Boosts Daily Liquidity Injection To CNY120Bln
- CNY60Bln Via 7 Day Reverse Repos At 2.20%
- CNY60Bln Via 14 Day Reverse Repos At 2.35%.
Evergrande statement (in Chinese): http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?de76dbdd-9cec-41d4-9940-1fa99484ac4a
[REPOSTING as this seems to have gotten lost in r/ALL saga. If I'm wrong and these DDs are just getting old now - let me know in the comments...]
ADDITIONAL DISCLAIMER: I am not a legal advisor, I do not have any legal training and as such have a pea-sized understanding of the law. (Mainly acquired from watching movies).
The details in the post discuss an ongoing lawsuit and as such all statements referenced from this case are allegations until proven otherwise.
All sources referenced in this post are public information and I do not claim the legitimacy of any evidence presented, merely an ape discussing the evidence available to us.
DISCLAIMER: I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.
Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!! - (And definitely not Insurancely Trained)
-----------------------------------------------------------------------------------------------------------------------------------
(THIS IS GME RELATED)
(Shameless PLUG: Follow me on Twitter for more GME fun: https://twitter.com/BadassTrader69 )
**NEW: SUBSCRIBE ON YOUTUBE
--------------------------------------------------------------------------------------------------------------------------------------
Here’s something I thought I’d never say…
The most EFFICIENT tax-avoidance financial instrument for Billionaires (Within the US - Offshore doesn’t count)
Is not property…
Is not art…
Is not Stocks…
Is not 401ks…
Is not charity funds…
Is not low tax states…
It’s fucking LIFE INSURANCE!!??
You Apes remember that quote from The Big Short…
And America barely noticed as it’s number 1 industry became boring old banking
https://preview.redd.it/jfsxo2pq8kw71.png?width=414&format=png&auto=webp&s=59ff2349eb4e10833dd416161d3bc96cd0d39195
Well, they were kinda right…
Banking may have the most in terms of AUM, especially when you include Investment banking…
And things like the housing market technically increase in overall value more than any industry makes money ($2.3 Trillion increase in 2020) -- [I W
... keep reading on reddit ➡
