VIDEO FINANCIAL REPORTING Why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. About The Video: We believe that complex financial data could become more approachable using friendly motion-graphic representation combined with an accurate selection of financial data. To guarantee the most effective information prospective we drew inspiration from Benjamin Graham’s book: “The Intelligent Investor”, a pillar of financial philosophy. For this project any kind of suggestion or critic will be helpful in order to develop and provide the best service as we can. Please visit our site www.whyinvestin.com and leave a massage to us. Thank you and hope you'll enjoy. IMPORTANT INFORMATION - DISCLAIMER THIS VIDEO IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This video has been prepared by Whyinvestin (together with its affiliates, “Whyinvestin”) and is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. The performance of the companies discussed on this video is not necessarily indicative of the future performances. Investors should consider the content of this video in conjunction with investment reports, financial statements and other disclosures regarding the valuations and performance of the specific companies discussed herein. DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. None of Whyinvestin or any of its representatives makes any assurance as to the accuracy of those predictions or forward-looking statements. Whyinvestin expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. EXTERNAL SOURCES. Certain information contained herein has been obtained from third-party sources. Although Whyinvestin believes such sources to be reliable, we make no representation as to its accuracy or completeness. FINANCIAL DATA Companies Data is publicly available. Data and calculations have been sourced from our Team, “Sharadar”, (http://www.sharadar.com), Rufus Pollock and from the Open Knowledge Foundation. All data is licensed under the Open Data Commons Public Domain Dedication and License. Whyinvestin does not verify any data and disclaims any obligation to do so. Whyinvestin, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. Neither Whyinvestin nor any of our information providers will be liable for any damages relating to your use of the information provided herein. Please consult your broker or financial representative to verify pricing before executing any trade. Whyinvestin cannot guarantee the accuracy of the exchange rates used in the videos. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining prior written consent. Please consult your broker or financial representative to verify pricing before executing any trade. COPYRIGHT “FAIR USE” Whyinvestin doesn’t own any logo different from the whyinvestin’ s logo contained in the video. The owner of the logos is the subject of the video itself (the company); and all the logos are not authorized by, sponsored by, or associated with the trademark owner . Whyinvestin uses exclusive rights held by the copyright owner for Educational purposes and for commentary and criticism as part of a news report or published article. If you are a company, subject of the video and for any reason want to get in contact with Whyinvestin please email: [email protected]
Views: 628 Why Invest In
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Views: 698 Vikram On Prudent Finances
(16 Jul 2010) SHOTLIST 1. Wide of trading floor with guests of the listing ceremony standing in middle 2. Wide of electronic display read (in English and Mandarin): "Congratulations on the listing of Agricultural Bank of China Limited" 3. Xiang Junbo, Chairman of Agricultural Bank of China, giving speech 4. Xiang giving speech while surrounded by officials 5. Traders watching ceremony 6. Mid of Xiang (on right) shaking hands with Donald Tsang, Chief Executive of Hong Kong Special Administrative Region (left) 7. Wide of electronic display showing the trading activity of shares of Agricultural Bank of China 8. SOUNDBITE: (Mandarin) Xiang Junbo, Chairman of Agricultural Bank of China: "Even under difficult situations like this, we have reached this over-subscription rate, I am very satisfied." 9. Wide of Xiang toasting with other guests at the listing ceremony 10. SOUNDBITE: (Mandarin) Xiang Junbo, Chairman of Agricultural Bank of China "I am very happy with stock price today. It's quite good, it was 3.3 Hong Kong dollars (0.42 US dollars) just now." 11. Wide of Xiang and Ronald Arculli, Chairman of Hong Kong Exchanges and Clearing Limited (on right), exchanging gifts 12. Wide of Francis Lun, General Manager of Fulbright Securities Limited 13. SOUNDBITE: (English) Francis Lun, General Manager of Fulbright Securities Limited: "Since ABC (Agricultural Bank of China) has the lowest loan to deposit ratio of the four major banks, so it has room to grow. So I think it will do better than expected." 14. Wide of trading floor 15. Wide of electronic display monitor showing the trading activity of various stocks including Agricultural Bank of China shares STORYLINE Agricultural Bank of China (ABC) rose in early trading on the Hong Kong stock exchange on Friday, a day after a tepid reception in Shanghai, as the rural lender rolled out a massive initial public offering worth up to 22.1 (b) billion US dollars. The last of China's "big four" state-owned commercial lenders to list started trading at 3.25 Hong Kong dollars (41.8 US cents) - 1.6 percent above its offer price of 3.20 Hong Kong dollars (41.2 US cents) _ and rose to as high as 3.31 Hong Kong dollars (42.6 US cents) in the first hour. The Hong Kong IPO (initial public offering) marked the international portion of ABC's dual-listing. Unlike the Shanghai bourse, the stock exchange in this semiautonomous southern Chinese territory is open to foreign investors. On Thursday, Chinese investors were lukewarm toward ABC on its Shanghai debut, with the stock closing one percent above its IPO price at 2.71 Chinese yuan (40 US cents). It was trading at 2.68 yuan (39.5 US cents) early Friday. ABC is seen as weaker and less profitable than its peers, given that it operates a costly network of far-flung rural branches and its non-performing loan ratio is higher than other major banks at about 3 percent. Bank executives tout its strong presence in the countryside as an untapped engine for growth. Chinese stock prices have also been weighed down by concerns about an overflow of new shares, down 25 percent from the start of the year. While Chinese banks are considered the world's strongest after avoiding the credit turmoil in the West, local authorities have warned about a possible spike in bad loans after last year's lending boom unleashed by a government stimulus plan. The ratings agency Fitch warned earlier this week that some Chinese banks may be downplaying the scale of their lending with complex deals. Agricultural Bank Chairman Xiang Junbo said on Friday he was happy with the market reaction given the market conditions. The bank had little choice in the timing of the listing because Chinese regulators ordered banks to replenish capital after last year's lending spree. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/1945395a37923d1da0bd2dcdcadcadd7 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 71 AP Archive
CNBC's "Power Lunch" team is joined by Steve Grasso, director of institutional sales at Stuart Frankel & Co, to discuss what the biggest risks to the markets are. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC
Views: 651 CNBC Television
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Recently, a newly released report revealed that in last year, "newly added bad loans" of China´s five state-owned banks, reached 46.831 billion RMB (US$ 7.4 billion), three times that of 2012. The debt write-downs (reduction in book value of assets) of five banks, are up at 59 billion RMB, an increase of 120 percent comparing it to2012. This makes it the highest on record in the last decade. So what´s the reason for soaring bad loans in China´s bank industry? What does the situation indicate and mean? In addition, will the slowing down of the Chinese economy aggravate the bank industry with serious debts? Let´s follow the experts´ analysis. According to Tencent´s Financial website report on Apirl 2, the annual report of 12 public listed banks in Mainland China last year, revealed debt write-downs of China´s largest five state-owned banks, had reached 59 billion RMB with an annual increase rate of 120 percent. . This takes it to its highest levels in the last decade. US-based Wall Street Journal reported on March 31, China´s five largest state-owned banks are to strengthen their efforts on offsetting bad loans. It is estimated that the bad loans written down and moved beyond the financial sheets, had reached 63.92 billion RMB (US$10.5 billion), as much as 2.5 times more than that of 2012. Professor Frank Xie from the School of Business Administration, University of South Carolina Aiken: "The soaring write-downs and offsetting of more bad loans, indicates Chinese state-owned banks, are experiencing major issues within their operations." These five state-owned banks include, Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China and Bank of Communications. Prof Xie says, due to offering large-scale loans from these state-owned banks, huge amounts of money becomes bad loans and bad debts, which then produces the "money famine" or liquidity crisis occurring among state-owned banks in the last half of this year. China´s state financial report from last year, shows that five banks have a total "newly added bad loans" of 46.831 billion RMB, yet when compared to 2012, it was 10.952 billion RMB Many investors think, considering the opaque management of state-owned enterprises in China, the bad loans of these banks, may well be much higher than the official data given. The CEO from the Bank of China Mr Chen Siqing expresses, around 27 percent l of all local governmental financing platform loans, will expire this year, and loans for the industrial sector, will be in excess production capacity of 188.5 billion RMB (US$ 30 billion). Does his saying indicate that there will be more loans that are going to be difficult to retrieve? Chen Siqing says, in this year alone, the assets exist within three loan categories, including local governmental financing platform, industries with excess capacity and property the development industry, all of these sectors will be closely watched over in the ensuing months ahead. Prof Xie says, the revenue of banks come from the interest gaps between deposits and loans. Prof Xie: "But essentially, non-governmental loans have not yet been developed into a vast quantity. A considerable amount come from the loans of enterprises. However, along with the stagnant status of China´s economy or excess capacity of some industries, many enterprises go bust. In addition to the broken bubbles of the property industry, all of these loans will become dead accounts, which is the main reason for the increase in bad debts." According to media reports, the increase rate of China´s GDP (gross domestic product), has slowed down from 13 percent in 2007 to 7.7 percent in 2013. In the first quarter of 2014, the GDP increase rate might well be further reduced to around 7.3 percent. Wall Street Journal reported, the slowing down of the economy, will impact upon the capability of repaying debts of many companies. The first contract-breaking case, happened in China´s company bond market in March. Shanghai Chaori Solar Energy Science & Technology Company Ltd, was unable to repay the interest of its bond, with an amount owing of 89.8 million RMB. In addition, Zhejiang Xingrun Real Estate Company, as a real estate developer, says their company cannot repay the bank loan of 600 million US dollars. Mainland financial analyst Mr Ren Zhongdao: Tencent Finance points out, slowing down the economy, largely produces the rising of write-downs of bad debts, 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 156 ChinaForbiddenNews
China's massive investments in Australia are showing little signs of slowing down. CNBC's Uptin Saiidi explains why. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 487911 CNBC International
Lebanon’s currency, the lira is under pressure. There are fears that without much-needed reforms, it could lose its value even more, worsening an already bad economic situation. The Central Bank has dismissed those fears, but for the first time, it is taking measures to safeguard the lira. Al Jazeera's Zeina Khodr reports from Beirut. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Lebanon #Currency
Views: 4239 Al Jazeera English
Trump said he wants either a good deal or no deal. Chinese leader and Chinese people hold the same attitude — we just want a deal that is favorable to China.
Views: 187 环球时报 Global Times
Fred Bergsten of The Peterson Institute for International Economics and Christopher Thornberg of the UC Riverside Center for Economic Forecasting and Development discuss whether it is likely the United States and China will reach a trade agreement soon. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC
Views: 2733 CNBC Television
SBTV picks the mind of Luke Gromen, founder of Forest For The Trees LLC, about an impending dollar crisis and what likely scenarios can destabilize the petrodollar in the coming years. We also asked him what his ideal monetary system would be if he got to choose it. Forest For The Trees website: https://fftt-llc.com Discussed in this interview: 05:08 Why a dollar crisis is coming? 12:14 US dollar still the center of the world? 13:07 Gold is wanted as a global neutral reserve asset. 14:35 Saudis' view of the Petro-dollar 23:10 A world where oil is priced in multiple currencies 28:33 No credible reserve currency alternatives to the dollar? 31:29 Bancor: A suitable replacement for the dollar standard? 34:08 How should investors navigate the impending dollar crisis? Find out more about Silver Bullion: https://www.silverbullion.com.sg Silver Bullion Twitter: https://twitter.com/SilverBullionPL Contact us at [email protected]
Views: 4258 Silver Bullion TV
The Aussie Dollar took another leg lower on Thursday following an announcement out of China and Westpac that could have a profound impact on the longer-term direction of the local currency. Here is the fundamental fact that conspired to send the AUD lower on Thursday afternoon. - According to CNBC who where also quoting Reuters News Agency the People's Bank of China (PBOC) is likely to cut market-based rates and further lower banks' reserve ratios (RRR) to boost credit growth and reduce firms' borrowing costs, according to the sources involved in internal policy discussions. Analysts polled by Reuters expect China's official growth rate to cool to 6.3 percent in 2019, a 29-year low, and some believe real activity is already much weaker than government data suggest. Any talk about lower interest rates in China is just another sign that the Chinese economy is slowing and the knock-on affect for the Australian economy would be felt as China is Australia’s biggest trading partner. - Reuters reports that Chinese traders are halting purchases of Australian coal and coking coal as clearing times through China’s customs have at least doubled to 40 days or more, four traders at major buyers say. The traders told Reuters on Monday only cargoes from Australia, the biggest supplier of the fuel to the world’s top consumer, were affected. “We have stopped ordering coal from Australia because it is unknown how long the restriction will last,” said a manager at a Shanghai-based trading company who usually buys around 400,000 tonnes of Australian coal every month. China is Australia’s largest trading partner and if Coal and Iron Ore exports are impacting in coming quarters this will no doubt have a negative impact for the local economy. - Westpac’s Chief Economists Bill Evans says the RBA will be forced to cut its benchmark interest rate twice in 2019 thanks to falling home prices which will cause a negative wealth affect and drag down the economy. Evans lowered his expectation for growth from 2.6% to 2.2% and says the cuts will likely come in August and November. A cut in the RBA cash rate to 1% would mean a significant widening in the interest rate differential between the US and Australia and would highly likely send the AUD back closer to 0.60c or potentially even lower. Evans comments follow a study by LF Economics that said prices in Sydney and Melbourne could fall by 15%-20% in 2019 alone in both cities. The reality is a lower Aussie Dollar is going to be great news for the local economy as it will make Australia that much more competitive at an export level, tourism numbers will spike and if interest rates at the RBA are 1% mortgage payments will reduce and with a bit of luck a recession will be avoided. I have said it before and I will say it again. Be extremely careful with financial leverage in the coming two years. Australia’s economy may be about to roll over and if China slows quicker than forecast then the downturn could be severe. #investing #wealth #finance #makemoney #livewell #trading #trader #fxtrading #forex #forextrading #forexsignals #currencytrader #health #lifestyle #dreamjob #motivation #selfmade #profit #sunrise #healthy #noosa #disciplineequalsfreedom
Views: 462 Train With Andrew
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Views: 4513 CURRENCY365
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Views: 124 Vikram On Prudent Finances
http://www.globalprofitsalert.com Jim Trippon, editor of the China Stock Digest, is available for interview, analysis and commentary on China and the future of America. This article or quotations from it may be used with attribution and reference link to Jim Trippon's www.chinastockdigest.com. Contact: Kelley Damiani 800-952-1099 email: [email protected] or simply hit reply to this email. History-Making Chinese Stock Market Tsunami Sparks Investor Enthusiasm Worlds Biggest IPO: The Elephant in the Room Emerges Analysis and Commentary from Leading China Expert Jim Trippon, editor of the China Stock Digest. "Like a massive tropical weather system or a tsunami, the IPO of the Agricultural Bank of China is a huge financial event that has changed the economic climate in Asia and the world," says Jim Trippon, publisher of the China Stock Digest. "In a sense it has been the elephant in the room among Asian stock markets for at least a month," he added. The Hong Kong portion of Agricultural Bank of China Ltd.'s initial public offering has now been priced at $0.41 a share while the Shanghai offering was priced at $0.39 a share, which is considered the high range of the price spectrum. "The deal could become the largest stock offering in history, even though it has raised substantially less than the $30 billion originally expected," Trippon noted. He added, "The offering was 20 times oversubscribed and the sheer size of the deal has drained liquidity from Chinese markets, making the slump on the Shanghai Stock Exchange worse than valuations suggest it should have been." "Now we are seeing the flip side of the coin," Trippon explained. "The fact that the bank's IPO was oversubscribed and sold at the high end is a powerful signal of optimism about China." Agricultural Bank of China, like all of China's major banks, received a major injection of capital and relief from its non-performing loans as it prepared to go public. "Agricultural Bank had been in the worst condition of any major Chinese bank because it had acted as an arm of the government, making mandated loans to support poor rural areas," Trippon pointed out. "The fact that this massive IPO could be so popular suggests much more investor confidence in the Chinese banking system than we've seen among the gloom-mongers in the business media." Trippon noted that, "Many other listed banks in China rose after AgBank received such an enthusiastic welcome." Latin American stocks also shot up after the IPO pricing. "China is a huge consumer of resources from countries like Brazil," Trippon said. "The gains in Latin American indexes shows that there is a lot of optimism that China's economy has the strength to drive global growth." Although it serves poorer rural regions, the bank is showing powerful profit growth, Trippon added. "The bank boosted its profitability by more than 25 percent to $9.5 billion last year. It forecasts net income will rise to at least $12.13 billion in 2010." Agricultural Bank had an army of 320 million customers in China at the end of 2009. It blankets the nation's rural regions with more than 23,000 outlets. "There's a lot of room for growth there," Trippon concluded. For More Information About Jim Trippon Visit: http://www.globalprofitsalert.com/service/jim-trippon
Views: 686 globalprofitsalert
Mar.10 -- Officials in Washington and Beijing are indicating progress in the trade talks are being made, although China continues to push back at some U.S. demands. White House Economic Adviser Larry Kudlow says he’s optimistic of a deal being struck. Bloomberg’s Tom Mackenzie and Derek Wallbank report on “Bloomberg Daybreak: Asia.”
Views: 10478 Bloomberg Politics
Learn about United States money with this fun educational music video for children and parents. Brought to you by Kids Learning Tube. Don't forget to sing along. https://kidslearningtubeshop.com/products/video-membership Watch Kids Learning Tube ad-free for $12 a YEAR! See the latest videos before anyone else in the world. Sign up today for ad-free video streaming for all Kids Learning Tube videos! https://www.patreon.com/kidslearningtube Support Kids Learning Tube by becoming a Patreon today at the link below! You can vote for the video of the week, get your name in the credits and support something you believe in! KLT Website: https://kidslearningtubeshop.com/ T-Shirts: https://kidslearningtubeshop.com/collections/featured-collection Music Downloads: https://kidslearningtubeshop.com/collections/music Facebook: https://www.facebook.com/kidslearningtube Subscribe: http://www.youtube.com/c/kidslearningtube Tweet Us: https://twitter.com/learningtube Instagram: https://instagram.com/kidslearningtube Add us on Google+: https://plus.google.com/+KidsLearningTube iTunes: http://itunes.apple.com/album/id1192890817?ls=1&app=itunes Music: Copyright 2015, 2016, 2017, 2018 Kids Learning Tube Video: Copyright 2015, 2016, 2017, 2018 Kids Learning Tube Lyrics: We were some presidents of America And I know it’s kind of funny that they printed us on money but we’re officially the U.S. currency Well I’m Abraham Lincoln 16th US president And my face is on this Penny here you see This Penny I’m on is only worth one cent and it’s the smallest amount of US cash they’ll be I’m Thomas Jefferson US president number 3 A Nickel is where you’ll find my face today If you take 5 pennies and add them to one coin You’ll have a Nickel worth 5 cents that you can save I’m Franklin D. Roosevelt 32nd president You’ll find my face on a Dime don’t you know If you take two nickels and put them in one coin You’ll have 10 cents that's what a Dime is worth alone I’m George Washington US President number 1 The Quarter is one place you’ll find me for good Put 25 pennies into one coin you’ll have a Quarter worth 25 cents hope you understood We were some presidents of America And I know it’s kind of funny that they printed us on money but we’re officially the U.S. currency I’m George Washington and I’m back once again On the US dollar, you can’t get enough of me If you take four Quarters and add them to a bill One dollar’s worth 4 quarters now you can see I’m Thomas Jefferson Back to teach you more my friend I’m on the two dollar bill you see here now you know If you take two dollars and put them together in one bill You’ll have a 2 dollar bill now I gotta go It’s me again My name is Abraham Lincoln The 5 dollar bill is also where I’m shown When you gather 5 dollar bills and put them into one A 5 dollar bill is what you’ll find on its own I’m Alexander Hamilton I wasn’t a president But they put me on the 10 dollar bill anyway When you have 2 five dollar bills and put them into one It makes a 10 dollar bill for you to spend and play We were some presidents of America And I know it’s kind of funny that they printed us on money but we’re officially the U.S. currency Andrew Jackson here 7th US president The 20 dollar bill is where you’ll find me When you take two 10 dollar bills and put them in one You get the 20 dollar bill that you can see I’m Ulysses S. Grant the 18th president And the bill amount you see me on’s 50 When you take two 20 dollar bills and also add two 5’s A 50 dollar bill is that there will be I’m Benjamin Franklin But was not a president My face is on the one hundred dollar bill When you take two 50 dollar bills and put them into one A 100 hundred dollar bill is what they’ll fill We were some presidents of America And I know it’s kind of funny that they printed us on money but we’re officially the U.S. currency
Views: 2338029 Kids Learning Tube
Sandy Chaina Lcf: The Chinese Prime Minister Mr. Li(Lee in Korean) speaks about Chinese Government's economic plans including digital currency and IOT, etc..lcfhc,Register free and get 3000 lcfhc coin free Click the LCfhc link below https://goo.gl/forms/0QgsWlN6kzzCzkC53 http://lcfhcregister.wordpress.com
Views: 1034 Digital Currency
One of the world's fastest growing economies continued its onward march, boosting the fortunes of its 100 richest. Amid further disenchantment with national infrastructure undertakings, such as the botched preparation for the Commonwealth Games, Indian tycoons continue to flourish, sometimes off those same public projects. India rising stock market and a booming economy, expanding 8.5 per cent this year, swelled the top 100's net worth, as evidenced by the fact that 69 of them are billionaires. The four richest Indians are worth a combined $86 billion, well short of the $180 billion record they set three years ago. Mukesh Ambani retains his No. 1 rank for the third straight year, followed by steel magnate Lakshmi Mittal, though both are less well off than they were a year ago. Infotech tycoon Azim Premji moves up to third place, displacing younger Ambani sibling Anil Ambani, who despite making peace with his brother, dropped to No. 6. The biggest gainer in percentage terms was media baron Kalanithi Maran, who made a splash with his purchase of a big stake in low-cost airline SpiceJet. His net worth rose 74 per cent. This year's list signals a second wave of Indian capitalists accumulating fantastic fortunes, after an initial slew earlier in the decade. In between, Indian wealth suffered a huge correction in 2008, when only 27 were billionaires. If the first wave was typified by IT, steel and energy fortunes, this wave features more pharma and property titans. Vijay Mallya, who provides pharma of a different kind (booze), came in at No. 44, with a net worth of $1.45 billion. A revival in air travel perked up Naresh Goyal's fortune as he landed at No. 52 with a net worth of $1.2 billion. Some fortunes took a hit. Property baron Kushal Pal Singh, owner of debt-laden DLF, lost nearly one-third of his wealth despite a real estate rebound. Also poorer is Brijmohan Lall Munjal, following a family split and reports that Honda may end its 26-year joint venture with his Hero Honda. Wind energy entrepreneur Tulsi Tanti, whose Suzlon Energy got weighed down by debt, took a hit -- dropping to No. 69 from No. 33 last year--with a net worth of $1 billion. Slum redeveloper Rakesh Wadhawan dropped to No. 77 because of a division of the family's assets with his nephews. Falling off the list was Pravin Kumar Tayal, who sold his Bank of Rajasthan to ICICI Bank and was barred from the capital market by the Securities & Exchange Board of India. There are five returnees to the top 40 from previous years, three of them pharma entrepreneurs: Ajay Piramal, who sold part of his domestic business to Abbott for an eye-popping $3.7 billion; Pankaj Patel, whose Cadila Healthcare launched India's first swine flu vaccine; and Desh Bandhu Gupta, whose Lupin has gained lately in the U.S. generics market. A prominent returnee is the reclusive Pallonji Mistry, the largest shareholder of Tata Sons, the holding outfit of the Tata conglomerate. He was excluded from the list after he became an Irish citizen but brought back due to his business ties to India. A fortune of $500 million was needed to make the grade. The net worths are a snapshot of wealth, based on share prices and exchange rates on Sept. 9, 2010. Since then Mumbai's Sensex has gained 5%. Our slide show is of the top 40, but tear sheets of all 100 are included in our package.
Views: 277659 ShreyasPatel
Help me make videos : http://bit.ly/patreondavelee FREE E-BOOK DOWNLOAD 8 Powerful Laws To Build Courage In The Face Of Adversity ►- https://goo.gl/mk86N4 ► SUBSCRIBE : http://www.youtube.com/c/DaveLee ►INSTAGRAM : daveleetv_ http://bit.ly/daveleeinsta #Australianeconomy #Australiangeopolitics #Australiandollar Abc economic crash http://www.abc.net.au/news/2018-03-01/australias-zombie-economy-sleepwalking-into-danger-gfc-china/9492868 Australian economic crash https://www.news.com.au/finance/economy/australian-economy/how-to-prepare-for-economic-armageddon/news-story/08c0ab60e4184ee2d2f3e3d199a5a803 apra can take your money https://www.afr.com/business/banking-and-finance/financial-services/apra-financial-crisis-powers-under-the-microscope-20171108-gzh13f the case for glass steagall https://www.theguardian.com/commentisfree/2018/jun/16/case-glass-steagall-act-ganesh-sitaraman financial review https://www.afr.com/opinion/columnists/apras-incestuous-rule-comes-at-too-high-a-price-20180820-h147df Bob Katter pushes glass steagall bill https://www.macrobusiness.com.au/2018/04/bob-katter-moves-australian-glass-steagall-bill/ US infrastructure funded by Australian superannuations https://www.smh.com.au/business/the-economy/trumps-infrastructure-plan-gets-25-trillion-nudge-from-australia-20180222-h0wghz.html AU Super invested in USA https://www.cnbc.com/2018/02/22/australian-prime-minister-turnbull-trade-infrastructure-pitch-for-trump.html Australian future in USA infrastructure https://www.nestegg.com.au/superannuation/11535-aussie-super-could-fund-us-infrastructure Tanking AU dollar https://www.thechronicle.com.au/news/the-suddenly-dreadful-aussie-dollar/3512031/ AU dollar slide https://www.news.com.au/finance/economy/australian-economy/the-suddenly-dreadful-aussie-dollar/news-story/43aed7c63ea2b7ac91f55ad17c5af210 Pressure mounts on AU dollar https://www.smh.com.au/business/markets/pressure-could-mount-on-australian-dollar-20180901-h14t4w.html FAIR-USE COPYRIGHT DISCLAIMER * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. 1)This video has no negative impact on the original works (It would actually be positive for them) 2)This video is also for teaching purposes. 3)It is not transformative in nature. 4)I only used bits and pieces of videos to get the point across where necessary.
Views: 202770 Dave Lee
Send Money from the UK to China Fast & Easy here - http://bit.ly/1UHyiUw Download the WorldRemit Android app on Google Play Store here - https://play.google.com/store/apps/details?id=com.worldremit.android&hl=en Download the WorldRemit iOS app on Apple iTunes Store here - https://itunes.apple.com/us/app/worldremit-money-transfer/id875855935?mt=8 With WorldRemit, it is an absolute breeze to send money from the United Kingdom to China. With WorldRemit, you can easily send money directly to any part of China from the United Kingdom. These transactions are completed in the form of direct bank transfers, which hit recipient accounts in as little as 1 day. No matter which bank it may be including China's (and the world's!) largest bank Industrial and Commercial Bank of China (ICBC), or China Construction Bank Corporation (CCBC), Agricultural Bank of China (ABC), Bank of China, China Development Bank (CDB), etc. among all the various banks in China, you can be assured that the money will arrive into the recipient account, easily and quickly. Moreover, everything is very transparent with WorldRemit - you know right upfront, the amount you will need to send, the fees associated with it, as well as the actual amount the recipient will receive, with the exchange rate also clearly showcased (which remains fixed as well at the time of the transaction). Surely, those days of running to agents for making money transfers are well and truly gone!
Views: 131 Vikram On Prudent Finances
To get these updates immediately, you can become a member at http://brotherjohnf.biz http://www.bbc.com/news/business-33858870 http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150811000155&cid=1203 http://money.cnn.com/2015/08/04/investing/worlds-biggest-banks-china/ https://bitcoinwisdom.com/markets/huobi/ltccny http://www.netdania.com/products/live-streaming-currency-exchange-rates/real-time-forex-charts/financechart.aspx# This video is for purposes of criticism, comment, news reporting, teaching, scholarship, and research. All video and audio content is my own creation and is protected by Creative Commons Attribution-NoDerivs 3.0 Unported License. All other images and articles shown in this video are for purposes of "fair use" under Section 107 of the Copyright Act 1976. Netdania screenshots provided per Netdania permission based upon verbal attribution per Izabela Mindak at Netdania.com. Thumbnail images come from free use archive at Wikimedia Commons. The information within this video is for educational purposes only and should not be considered financial advice. Netdania http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx
Views: 9570 BrotherJohnF
August 11 -- The yuan dropped the most in two decades, sparking a tumble in Asian currencies after China devalued its exchange rate to combat an economic slowdown. The devaluation follows economic reports this month showing a plunge in Chinese exports, weaker-than-estimated manufacturing and slowing credit growth.
Views: 11795 Bloomberg
*Well, kind of. Meet Frank Bourassa, a Quebec native who printed a reported $250 million in counterfeit money and was able to sell $50 million of it before getting caught. Here’s how he did it. Still haven’t subscribed to GQ on YouTube? ►► http://bit.ly/2iij5wt ABOUT GQ For more than 50 years, GQ has been the premier men’s magazine, providing definitive coverage of style, culture, politics and more. In that tradition, GQ’s video channel covers every part of a man’s life, from entertainment and sports to fashion and grooming advice. So join celebrities from 2 Chainz, Stephen Curry and Channing Tatum to Amy Schumer, Kendall Jenner and Kate Upton for a look at the best in pop culture. Welcome to the modern man’s guide to style advice, dating tips, celebrity videos, music, sports and more. https://www.youtube.com/user/GQVideos This Man Made $250M in Counterfeit Money and Got Away with It* Designer & Animator Stefan Woronko at Crush Colour & Flame Artist Andrew Hobbs at Crush Senior Producer Janice Rebelo at Crush Sound Engineer Kyle Anderson at Pirate Toronto
Views: 3081021 GQ
For many Australian farmers, exporting their goods to China is cheaper this year. That’s because tariffs on certain products have been completely eliminated by the China-Australia Free Trade Agreement. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 973 CGTN
The central banks of China and the European Union have agreed to supply each other with their currencies. The deal is aimed at accelerating the internationalization of China's currency, the yuan, and increase trade and investment between the country and the eurozone. The People's Bank of China said on Thursday that it concluded the currency swap with the European Central Bank. The agreement provides a maximum of 350-billion yuan, or about 56-billion dollars, to the ECB and 45-billion euros, or 60.8-billion dollars, to the PBC. The deal is to last for 3 years with the possibility of extension if the banks consent to do so. The agreement allows the banks to borrow currency from each other to provide funds to banks in China and eurozone countries in case of financial emergencies. PBC officials say the deal will provide additional liquidity for Europe's yuan market and boost trade and investment involving the currency. China has already set up currency swap lines with Singapore and Britain to internationalize the yuan.
Views: 8308 News
It's no secret that most of the money you see in movies or music videos is fake, but what might surprise you is that most of it comes from one source. Rich "RJ" Rappaport started RJR Props nine years ago as a full-service prop shop, but his specialty is fake cash. As you can imagine, making fake money is a highly regulated endeavor that is closely watched by federal authorities, so Rappaport has to be extra careful to ensure his fakes never make it into circulation. Still, when your prop money is the go-to for rap videos and has been featured in over 175 films and shows, we think it's safe to say that your cash is king. SUBSCRIBE: https://goo.gl/vR6Acb This story is a part of our Frontiers series, where we bring you front and center to the dreamers, pioneers, and innovators leading society at the cutting edge. Let us take you along for a trip to the oft-imagined but rarely accomplished. Follow us behind the scenes on Instagram: http://goo.gl/2KABeX Make our acquaintance on Facebook: http://goo.gl/Vn0XIZ Give us a shout on Twitter: http://goo.gl/sY1GLY Come hang with us on Vimeo: http://goo.gl/T0OzjV Visit our world directly: http://www.greatbigstory.com
Views: 4114231 Great Big Story
China's Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday's record 1.9% devaluation. The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it was not the start of a sustained depreciation. The yuan fell another 1% on Wednesday, marking the biggest two-day lowering of its rate against the dollar in more than two decades. Figures released at the weekend showed Chinese exports fell more than 8% in July, adding to concerns the world's second largest economy is heading for a slowdown. There were further signs of weakness on Wednesday, when figures showed industrial production in July rose 6% from the previous year. The rise was smaller than expected and was also below the 6.8% increase seen in June. Fixed asset investment, a measure of state spending on infrastructure, expanded 11.2% for the first half of the year, also below estimates and at its lowest since December 2000. On Wednesday, China's central bank fixed the "official midpoint" for the yuan down 1.6% to 6.3306 against the dollar. The midpoint is a guiding rate, from which trade can rise or fall 2% during the day. Until Tuesday, that rate had been determined solely by the People's Bank of China (PBOC) itself. But the rate will now be based on overnight global market developments and how the currency finished the previous trading day. The bank, which had called Tuesday's 1.9% cut a "one-off" adjustment, sought to reassure financial markets on Wednesday. "Looking at the international and domestic economic situation, currently there is no basis for a sustained depreciation trend for the yuan," it said in a statement. http://www.bbc.com/news/business-33875061
Views: 43 Bob and his Facts
Discussing the current state of the markets with Barbara Doran, BD8 Capital Partners, Steve Grasso of Stuart Frankel; and CNBC’s Rick Santelli.
Views: 1813 CNBC Television
Here is a recent story from RT in regards to the currency swap agreement between China and Russia. China has made the Ruble a second tier currency in local city discouraging the use the dollar. Another sign of the eastern block nations rethinking the dollar. What do you think? RT article: http://www.rt.com/business/312004-china-russia-ruble-currency/
Views: 1269 Rethinking The Dollar
Julian Emanuel of BTIG breaks down what a trade deal with China could mean for the markets. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC
Views: 864 CNBC Television
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Views: 6240 CryptoRevolution
20 years ago, on 1 January 1999, 11 EU countries striving for one common single market fixed their exchange rates, adopted a shared monetary policy under the European Central Bank, and launched a new common currency on world financial markets: the euro. Three years later, euro notes and coins entered into circulation. Today the euro is the currency of 19 EU countries, over 340 million EU citizens and the second most important currency in the world. Euro notes and coins are tangible, every day reminders of the freedom, convenience and opportunities that the European Union makes possible.The euro makes it easy to travel - The euro has eliminated currency exchange costs and fees, making it easier and cheaper to travel throughout the 19 countries of the euro area. More info: https://europa.eu/!PB46mc The video is available in all 24 official languages here: https://europa.eu/!gu87qg #EUROat20
Views: 377 European Commission
What are the things China is doing that hurt our economy? How does a trade deficit work? We explain how trade with China functions and what people mean when they say it's bad for the economy or that it's taking away jobs. This video will help you understand the Chinese trade issue and also some of the options the federal government has to deal with it. Click the Subscribe button for new videos as they come out so you can understand the news, be an engaged citizen, and win arguments about today's topics in politics, law, and government. We explain things quickly in a way that's simple and fun. Connect: Facebook - https://www.facebook.com/AnimateEducate/ Google+ - https://plus.google.com/u/0/106533482165882846041 Sources: -- Jared Bernstein & Dean Baker, “Why Trade Deficits Matter,” The Atlantic (12/08/16), https://www.theatlantic.com/business/archive/2016/12/trump-trade-deficit/509912/ -- Patrick Gillespie, “Why a Trade Deficit Isn’t Like Losing Money,” CNN (03/07/17), http://money.cnn.com/2017/03/07/news/economy/us-trade-deficit-mexico-china-japan-germany/ -- Zachary Karabell, “The ‘Made in China’ Fallacy,” Slate (03/11/14), http://www.slate.com/articles/business/the_edgy_optimist/2014/03/u_s_china_trade_deficit_it_s_not_what_you_think_it_is.html -- Adam Kelsey, “Everything You Need to Know About the Trade Deficit,” ABC News (03/31/17), http://abcnews.go.com/Politics/trade-deficit/story?id=46493683 -- Michael Collins, “It is Time to Stand Up to China,” IndustryWeek (06/13/17), http://www.industryweek.com/trade/it-time-stand-china -- Ryan Pickrell, “Ford’s New China Deal Shows How ‘Unfair’ Trade With China Can Be,” The Daily Caller (03/14/17), http://dailycaller.com/2017/03/14/fords-new-china-deal-shows-how-unfair-trade-with-china-can-be/ -- Charles Wallace, “China’s Abusive Trade Practices Likely to Focus Trump’s Wrath,” Forbes (02/08/17), https://www.forbes.com/sites/charleswallace1/2017/02/08/chinas-abusive-trade-practices-likely-to-focus-trumps-wrath/#2bda40a86fdc -- Annalyn Censky, “What is Currency Manipulation Anyhow?” CNN (11/11/10), http://money.cnn.com/2010/11/10/news/economy/what_is_currency_manipulation/ -- Eduardo Porter, “Trump Isn’t Wrong on China Currency Manipulation, Just Late,” New York Times (04/11/17), https://www.nytimes.com/2017/04/11/business/economy/trump-china-currency-manipulation-trade.html -- Larry Light, “Is China the Unfair Trade Villain Trump Says It Is?” CBS (04/06/17), http://www.cbsnews.com/news/china-unfair-trade-trump-xi-summit/ -- Louis Jacobson, “Newt Gingrich Says China Stole $360 Billion in Intellectual Property From U.S.,” Pundifact (05/17/16), http://www.politifact.c om/punditfact/statements/2016/may/17/newt-gingrich/newt-gingrich-says-china-stole-360-billion-intelle/ -- “The Federal Budget in 2016: An Infographic,” Congressional Budget Office (02/08/17), https://www.cbo.gov/publication/52408 -- David J. Lynch & Geoff Dyer, “Chinese Hacking of US Companies Declines,” Financial Times (04/13/16), https://www.ft.com/content/d81e30de-00e4-11e6-99cb-83242733f755 -- Jose Pagilery, “Ex-NSA Director: China Has Hacked ‘Every Major Corporation’ in US,” CNN (04/16/15), http://money.cnn.com/2015/03/13/technology/security/chinese-hack-us/ -- Lesley Stahl, “The Great Brain Robbery,” CBS News/60 Minutes (01/17/16), http://www.cbsnews.com/news/60-minutes-great-brain-robbery-china-cyber-espionage/ -- Zeeshan Allen, “Why Trump’s Plan to Ignore the World Trade Organization Isn’t as Reckless as it Sounds,” Vox (03/08/17), https://www.vox.com/policy-and-politics/2017/3/8/14766228/trump-trade-wto -- Simon Denyer, “As Trump Prepares for Office, Concerns About Chinese Trade Intensify,” Washington Post (11/28/16), https://www.washingtonpost.com/world/asia_pacific/as-trump-prepares-for-office-concerns-about-china-trade-reach-a-crescendo/2016/11/27/472b5c26-b199-11e6-bc2d-19b3d759cfe7_story.html -- Thomas Hout, “Where Trump Does (and Doesn’t) Have Leverage With China,” Harvard Business Review (12/16/16), https://hbr.org/2016/12/where-trump-does-and-doesnt-have-leverage-with-china
Views: 5602 animateeducate
Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based money system with local currencies in which "there's always as much as you need." Local currencies like his Fourth Corner Exchange issue money when members trade goods and services. Communities with local currencies will be less affected when recession or depression hits the mainstream economy. Episode 49: [www.fourthcornerexchange.com]
Views: 27953 peakmoment
http://www.youtube.com/channel/UC1N85MiTQ-N0gsI3XBCCYbw?sub_confirmation=1 China calls for new global currency. China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis. The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea. The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability." Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience. China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing's estimated $1 trillion in Treasuries and other U.S. government debt. For decades, the dollar has been the world's most widely used currency. Many governments hold a large portion of their reserves in dollars. Crude oil and many commodities are priced in dollars. Business deals around the world are done in dollars. But the financial crisis has highlighted how America's economic problems — and by extension the dollar — can wreak havoc on nations around the world. China is in a bind. To keep the value of its currency steady — some say undervalued — the Chinese government has to recycle its huge trade surpluses, and the biggest, most liquid option for investing them is U.S. government debt. To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a "reserve currency" based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs. He said it also should be used for trade, pricing commodities and accounting, not just government finance. In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China's call for a global alternative to the U.S. dollar's role as the international reserve currency. http://abcnews.go.com/Business/story?id=7168919&page=1
Views: 1124 Real Thing TV
Peru is the number one producer of counterfeit US dollars in the world. In 2015, just over 16 million forged bills seized in the US were of Peruvian origin, according to the US Secret Service. Millions of counterfeit euros and Peruvian soles have also been seized by police in Peru. The forged dollars are finished by hand, giving them an exceptional quality which has earned the country its top spot as leader of this illicit global trade. And for the criminal gangs counterfeit money is cheaper to produce than cocaine. In this excerpt from 'Lima's Fake Dollars,' VICE News meets a counterfeiter who goes through the final techniques used to make forged $20 bills look believable. Watch "The World Leader in Counterfeiting: Lima's Fake Dollars" - http://bit.ly/1UMBAYX Read "Peru's Booming Cocaine Business Is Turning It Into Latin America's Newest Narco State" - http://bit.ly/1QSbJuH Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: http://vicenews.com Follow VICE News here: Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Tumblr: http://vicenews.tumblr.com/ Instagram: http://instagram.com/vicenews More videos from the VICE network: https://www.fb.com/vicevideos
Views: 1768822 VICE News
30 March 2015 Four Corners reporter Stephen Long exposes the highly questionable business practices of so called 'payday' lenders. Payday lending is now a major business with some companies listed on the stock exchange. The industry defends itself, claiming it provides a service the banks aren't interested in delivering. "There are 10 million Australians that don't have access to a credit card. Where are they going to get credit?" - Payday Lending Company CEO But as Long tests this claim he uncovers a trail of misery, meeting people like Anna. A hard working mother of three, she took a short-term loan from a payday lender to buy her daughter's school computer. Borrowing the money was easy, too easy, and before long she borrowed more money, sinking ever deeper into debt. Anna had discovered what thousands of other short-term borrowers already knew; the system encourages dependency and the windfall profits come not from any one loan but by sucking people into multiple loans, sometimes with effective interest rates of more than 300 percent. "The whole business model relies on trapping people in debt. You get the first loan and you get the second loan and you get the third loan to pay off the second loan." - Financial Advisor. The questionable practices don't end there. Reporter Stephen Long spoke to industry insiders who confirmed that lenders provided credit to heroin addicts, doling out loans at one end of the shop after the addicted person had pawned goods at the front desk. In another case, a man suffering a brain injury was signed up to multiple loans even though he didn't understand the documents he was signing. In 2013 the Federal Government tried to rein in the worst excesses of the industry with new legislation. After an intensive industry lobbying campaign the laws were watered down but still capped interest and establishment fees. Despite this, a recent survey by the Australian Securities and Investments Commission reveals that two thirds of payday lenders were highly likely to breach credit laws relating to responsible lending. Some gave loans to people already in default while more than half issued loans to customers who already had multiple loans. All the evidence suggests the industry is now expanding massively online. Will the authorities and Government act to control the industry mavericks?
Views: 119228 Australian Perspective.
Children Of The Dirty Gold: An investigation into the use of child labour in dangerous Philippine underwater gold mines. Subscribe to Journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures The Children Working On Indian Coal Mines https://youtu.be/0ZA5Az09Zj4 How Asia's Economic Miracle Collapsed https://www.youtube.com/watch?v=gS-MVu5v4b8 Hard Labour Nicaragua https://www.youtube.com/watch?v=GkAnvHnqJVw For downloads and more information visit: http://www.journeyman.tv/?lid=68884&bid=2 Many of Philippines' 5.5 million child workers are risking their lives digging for "Dirty Gold" in unbelievable conditions. Desperate men and children scour underwater mine-shafts in this terrifying report. Breathing through nothing more than a thin pipe connected to an air compressor, going 30 foot deep underwater for hours in search of gold is all in a day’s work for 16-year-old Gerald. "I'm afraid, if the earth collapses, I will get buried underneath" says the teenager. Surrounded by rock walls in the pitch black darkness of the water, the men chip away at walls for 3 hours. They find no gold. For many like Gerald school is a distant memory, and illegally diving for gold the only alternative to starvation. Hundreds of deaths by electrocution, drowning and even the possibility of Mercury poisoning have had little impact on compressor mining activities, which continue un-policed and unregulated. There appears little hope of change on the horizon. "If I could only give job opportunities - I will take them away from compressor mining. It is just that I have no alternative at this point" says Ricarte Padilla, Mayor of Jose Panganiban - Philippines' so-called "Gold Coast". As it is, the children and family men unearthing 60-80kg of gold per month see the lions share of wealth disappear into the Chinese black market. Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews ABC Australia - Ref 6514 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 1880598 Journeyman Pictures
Cashiers Checks 50 million is the limit on cashiers checks, and remember, a lot of smaller banks and credit unions won’t be able to accept this size despot anyway. So you’ll be in the same boat again if you don’t use a larger bank after the RV. I know a lot of you are loyal to your local bank and want to bless your local bank / credit union, which you can, just in smaller amounts later. We’re hearing there isn’t a limit on how many cashiers checks you can cut at the time of exchange, just have a list with names and amounts ready as a courtesy. Exchange Window Hearing five days, also have heard six, but given China’s start time, maybe that’s the same thing, so lets go with five days to redeem your ZIM as abond, and be eligible for sovereign rates—which is basically a blank check you fill in. And if we go by Zimbabwe’s own announced timeline of a February 28, 2018 amnesty period to repatriation of all assets taken out of the country, which includes ZIM bond notes printed in 2008-09, that brings us to February 23, 2018 or between midnight - 4 am Saturday. Personally I think it goes on Saturday night after banks close at 8pm EST to 2am Sunday… but its anybody’s guess. Basically we should get 5 full days to redeem at private sovereign rates, and then it goes to a straight currency redemption which while miraculously great, ain’t infinite. We know that 80% of privates will be knocked out in the first 24 hours, and that 72 hours is all they need to redeem 98% of privates. The extra two days must be for stragglers who wake up to this late. That won’t be Human Angels as long as you’re a paid subscriber or hardship subscriber and check in at least once a day. https://www.humanangelservices .com/subscribe Bond vs Currency Rates It’s more a matter of asset class period redemption than the bill itself. Same note actually. I think because the ZIM leaked out on the internet years ago, they had a moral obligation and legal obligation to redeem it with the general public as it was issued back in 2008-2009. As a sovereign bond. When Zimbabwe announces the bonds are now currency, which they are expected to do in late February or early March, then the asset class changes legally. However, our diligence regarding the true intent of the issue and research regarding international law governing sovereign bond reconciliation has forced both Zimbabwe and China to offer this special redemption window. That alone will change the world faster, but it does cause massive headaches for the NPTB. As our families in both theory and practice become financial equivalent to families that have existed for thousands and thousands of years, at least in terms of raw liquidity, not hard asset ownership of course. Right is right, and they had to do it by the books if they wanted to gain control legally of the whole system, which means every asset has to be reconciled per international law that is legally obtained and redeemed at it’s negotiated value per the international community. Obviously Zimbabwe is the richest country in the world by far (go see Black Panther the movie if you want to know how and why) and thus the infinite nature of the Zim bond note redemption. As a currency, ot as much but still stellar. Just over $1.90 USN closing today with HSBC. Initial Liquidity How much cash will they let me access up front at the exchange? We’ve 20% in the first 45 days, and 40% in the next 45 days, with 100% in a total of six months. Honestly, I’m not certain on these figures, the sources were all over the map. No consensus. But at the end of the day, it’s going to be phenomenal either way and you don’t that much cash period. So it’s silly to even worry about. Many want to buy real estate out of the gate, lots of it orexpensive real estate, you can begin negotiating with a letter from the bank demonstrating you’re able to perform up to a certain level, say 100M or 500M or 1B… whatever it is, just know people will begin to see what you’re worth by what your bank will accommodate with credit and they will start puttingthe pieces together… so the key is not showing too much, but showing just enough to begin the acquisition process ASAP. This goes for cars too… don’t show a
Views: 1794 gary larrabee
Malaysia ringgit exchange rate today Malaysia ringgit exchange rate all country, today ringgit exchange rate.
Views: 171 News Tech Tv
ARGENTINA Government Investigating DEUTSCHE BANK for Currency Manipulation Argentina's central bank is investigating the dismissal of a Deutsche Bank AG (DBK) currency trader to determine whether it was linked to a warehouse fire that destroyed industry documents this week in Buenos Aires. The probe is part of a broader review of importers and exporters the central bank suspects may be withholding foreign currency overseas, Cabinet Chief Jorge Capitanich said today at a press conference in Buenos Aires. Argentine President Cristina Fernandez de Kirchner ordered the investigation into the Feb. 5 blaze at an Iron Mountain Inc. warehouse after an employee said fire precautions had been scaled back, Capitanich said. The fire, which killed nine people, destroyed files belonging to companies in industries from banking to telecommunications to energy, he said. "Deutsche Bank didn't have documents in the Iron Mountain deposit center which was unfortunately destroyed in a fire," Renee Calabro, a spokeswoman for the company in New York, said in an e-mailed statement. Deutsche Bank dismissed Ezequiel Starobinsky, a trader based in Buenos Aires, following an internal probe into allegations of currency manipulation, a person with knowledge of the matter said this week. Those allegations are unrelated to the case regarding importers and exporters that the Argentine central bank is reviewing. The Frankfurt-based bank also let go three New York-based traders, the person said. Authorities in Europe, the U.S. and Asia opened probes into the foreign-exchange business after Bloomberg News reported in June that traders at the world's largest lenders colluded to manipulate currency rates. "The president has instructed the securities regulator to verify whether the companies it regulates had documents on deposit" at the Iron Mountain facility, Capitanich said. "It's important to associate this with the fact that Deutsche Bank fired a currency trader in Argentina in the midst of investigations by international regulators for supposed manipulation in the currency market." Veronica Lara, a spokeswoman for Capitanich, declined to comment further on his remarks. Restrictions imposed by Kirchner in 2011 on Argentines' access to foreign currency spawned a black market for dollars where the peso trades at a difference of about 58 percent against the official exchange rate of 7.86 pesos per dollar, creating opportunities for arbitrage between the two rates. Seven firefighters and two emergency services personnel were killed after the fire caused part of Iron Mountain's warehouse in southern Buenos Aires to collapse. "abc news" "cbs news" "ap news" "nbc news" "bbc news" "wall street digital" "rt news" "breaking news" "world news" "global news" "latest news" "scientific news" "24 hour news" "apocalypse news" "us politics" "white house" "us political news" "us senator" US election" "us congressman" "us senate" "us house of representatives" "president obama" "us healthcare" "health insurance" "American politics" "us news" ssi "social security" forex "us disability" retirement "mortgage rates" "mortgage quote" lawyer usa us uk London politics "campaign finance" "Argentinean peso" "currency manipulation" "black market" Argentina "currency market" Iron Mountain said in a statement Feb. 5 that the warehouse had a fire detection and sprinkler system and it's investigating the cause of the blaze.
Views: 429 Report All News
Sweden drops Assange cases - The World - ABC News (Australian Broadcasting Corporation) Sweden drops Assange cases - The World - ABC News (Australian Broadcasting Corporation) Sweden drops Assange cases - The World - ABC News (Australian Broadcasting Corporation) Video 4:02 Depreciation of China s yuan spooks regional currencies Video 4:02 Depreciation of China s yuan spooks regional currencies Video 4:02 Depreciation of China s yuan spooks regional currencies
Views: 27 BuzVidCenter
Korea-US FTA amendment negotiation/Korea-China currency swap expires 한미 FTA 개정 협상 / 한중 통화 스와프 연장 가능성은? KORUS FTA amendment negotiation On the 4th, South Korea and the United States agreed to discuss the FTA amendment. This revised consultation was, in fact, foreseen for a long time. President Trump, who promoted US priority, has consistently argued that the US-Korea FTA is an "unfair treaty for the US" since his presidential election. In July, President Trump discussed the amendment of the Korea-US FTA without discussing with the South Korean government at the announcement of the joint press release, just after the summit. In the end, at the Second Session of the Joint Commission of the Korea-US Free Trade Agreement, the two countries agreed to enter into the Korea-US FTA negotiation process. It is noteworthy how this revised consultation will affect the economy of both countries. Korea-China currency swap expires...what's the possibility of an extension? The Korea-China currency swap expired at midnight on the 11th, after the announcement of the Korea-US FTA amendment negotiations. 'Currency Swap' is an agreement that allows exchange of different currencies at pre-set exchange rates. It is believed to be a 'breakwater for foreign exchange' aiming to stabilize the foreign exchange market. The two countries signed the currency swap for the first time in April of 2009, and the size has increased from $4 billion to $56 billion. However, as the extension became uncertain ahead of the expiration after 8 years and 6 months, some speculate that it was due to the THAAD deployment on the Korean peninsula. In the meantime, some say that the economic ties between Korea and China will improve as the decision to expend the currency swap was decided on the 13th....as this week, we'll discuss in-depth, the current status and future prospects of the Korean economy, which is facing rapid changes due to the KORUS FTA amendment negotiation and the expiration of the Korea-China currency swap. 한미 FTA 개정 협상 지난 4일, 한국과 미국이 FTA 개정 협의에 합의했다. 이번 개정 협의는 사실상 오래 전부터 예견된 일이었다. 미국 우선주의를 내세운 트럼프 대통령이 대선 후보 시절부터 한미 FTA를 '미국에 불공정한 협정'이라고 끊임없이 주장했기 때문이다. 지난 7월엔 한미 정상회담 직후에 가진 공동언론발표 현장에서 한국 정부와 합의 없이 '한미 FTA 개정'을 언급하더니, 급기야 최근엔 '한미 FTA 폐기'까지 주장하고 나섰다. 결국 '제2차 한·미 자유무역협정(FTA) 공동위원회 특별회기'에서 한미 양국은 한미 FTA 개정 협의 절차에 들어가기로 했다. 과연 이번 개정 협의가 양국 경제에 어떤 영향을 미치게 될 지 귀추가 주목된다. 한중 통화 스와프 만료... 연장 가능성은? 한미 FTA 개정 협상 소식이 들려온 지 며칠 지나지 않은 11일 오전 0시, 한중 통화 스와프가 만료됐다. 통화 스와프란 서로 다른 통화를 미리 약정된 환율에 따라 교환할 수 있는 협정이다. 외환시세 안정을 도모하는 외환거래로 '외환의 방파제'로 여겨진다. 한중 양국은 2009년 4월, 처음으로 통화 스와프를 체결했으며 그 규모는 40억 달러에서 560억 달러까지 늘어났다. 그런데 8년 6개월만의 만료를 앞두고 연장이 불투명해지면서 일각에선 한반도 내 사드 배치 탓이 아니냐는 추측이 나왔다. 그러던 중 13일 통화 스와프 연장이 결정되자 한중 간 경제 관계가 개선되는 계기가 될 것이라는 관측이 나오고 있는데... 이번 주 에서는 한미 FTA 개정 협상과 한중 통화 스와프 연장 문제 등 급변하는 상황과 맞닥뜨린 한국 경제의 현황과 앞으로의 전망에 대해 심도 있는 토론을 나눠본다. ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 299 ARIRANG TV
CHINESE SLOWDOWN MAJOR FACTOR IN RBA RATE CUT - ASIANOMICS Australia's central bank cut its cash rate a quarter point to an all-time low of 2.25 percent on Tuesday, aiming to spur a sluggish economy while keeping downward pressure on its own currency. Asianomics Group Founder and Chief Economist Jim Walker says the Chinese slowdown was a major factor in the Reserve Bank of Australia cutting rates. SHOWS: HONG KONG, CHINA (FEBRUARY 3, 2015) (REUTERS - ACCESS ALL) 1. SLATE, READING (English): "WHAT DO YOU MAKE OF THE RBA DECISION TODAY?" 2. ASIANOMICS GROUP, FOUNDER AND CHIEF ECONOMIST, JIM WALKER, SAYING: "Well it was a bit of a surprise I think to the markets that they cut another 25 basis points. There is not an awful lot more that Australia can do because remember an awful lot of the banking system in Australia borrows money from offshore and they require a bit of a yield gap between offshore rates and their own rates in order to attract that money. So I think this is probably just about the last rate cut, maybe one more and that would definitely be it finished. But even within the Australian banking system you might not see a 25 basis point adjustment in terms of their deposit rates and money market rates." 3. SLATE, READING (English): "WHAT IS THE EFFECT OF THE CHINESE ECONOMIC SLOWDOWN HAVE ON THE AUSTRALIAN ECONOMY AS A MAJOR TRADING PARTNER?" 4. ASIANOMICS GROUP, FOUNDER AND CHIEF ECONOMIST, JIM WALKER, SAYING: "Well of course this is really why the RBA is cutting interest rates. The Western Australian and Queensland economies are being decimated by the slowdown in China. All of the capital spending that was going in to the mining industries there is now on hold. Existing projects obviously continue, projects that had been started already will be finished. But new ones have gone and therefore the employment outlook, the budget outlook for those states has diminished dramatically and that is now causing the RBA to try and get the Australian dollar down and push exports in other industries in Australia." 5. SLATE, R...
Views: 62 Market Screener