News, Rumors and Opinions Saturday 7-10-2021
TNT:
Tishwash: So this is the next big holiday
Saudi Arabia sets the date of Eid al-Adha and the beginning of the month of Dhul-Hijjah
Saudi Arabia has set, Friday, the date of Eid al-Adha and the beginning of the month of Dhu al-Hijjah.
And the Saudi Press Agency stated that "the Crescent Department of the Supreme Court held a session this evening and reviewed what was received from the courts and observatories about the sighting of the crescent moon of the month of Dhu al-Hijjah for this year 1442 AH
And after studying and reflecting on it, the department decided that tomorrow, Saturday 10/7/2021, is the complement For the thirtieth of Dhul-Qi’dah and the day after tomorrow, the first Sunday of Dhu al-Hijjah, corresponding to the eleventh of July, 2021 AD, and standing in Arafat on Monday, the ninth of the month of Dhu al-Hijjah for this year 1442 AH corresponding to the nineteenth of July, and Eid al-Adha on the following Tuesday, corresponding to July 20 2021. link
Courtesy of Dinar Guru
Bruce [via WiserNow] ...Tier 4B is probably going to be notified Monday or Tuesday- of next week – there’s a chance we could get notified Saturday...I believe that is going to be our start date – ON TUESDAY...Now do we get notified prior to that? With our emails on Monday? Possibly so - we just don’t know...
Bruce [via WiserNow] ...What I found really interesting was we had all new rates on the front screens as of last Monday...not talking about Forex – this is talking about the bank screens...the dinar came up and it was changing like 14 times in the period of a day – it would be up and go off – then come up again and then go off – the good news was – every time it came back up it was a little bit higher...So you get the impression they are trading it higher – and that’s good for us – of course - and ultimately it will be good for Iraq...if you have dinar – dong – you’re in really good shape obviously...
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Samson: Vietnamese banks remain attractive to foreign investors
5th July, 2021
Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic.
With Fitch Ratings raising the overall outlook for Việt Nam from "Stable" to "Positive", several Vietnamese banks have also been rated positive by the international rating agency. The rating has confirmed the strength of Vietnamese banks in adapting and maintaining stability even amid difficult times.
Despite the difficulties caused by the pandemic, Việt Nam is still considered a bright spot in the global economy. According to a recent analysis, Asian Development Bank assessed that Việt Nam's economy would grow strongly this year at 6.7 per cent and 7 per cent in 2022 despite the resurgence of COVID-19.
Many Vietnamese banks have also become more active in looking for foreign partners with an aim to realise their set goals and strategies. VPBank in April signed an agreement to sell a 49 per cent stake in FE Credit to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction that values the non-bank lender at US$2.8 billion. Through this transaction, FE Credit is expected to receive support in capital resources, management capacity and experience in the consumer finance sector in Asia from SMBC Group, especially SMBCCF - a leading consumer finance company in the Japanese market. At the same time, this transaction will add a large amount of capital to VPBank, contributing to enhancing the bank's financial potential to capture new investment opportunities in the market.
At SHB, to find and select foreign investors who can support and bring the best benefits to the bank as well as its shareholders and customers, the SHB’s general meeting of shareholders recently approved fixing the foreign ownership rate of 10 per cent to find and select strategic partners. The bank also approved the ownership ratio of foreign strategic investors at the bank to be not more than 20 per cent of charter capital.
Nguyễn Văn Lê, General Director of SHB, said there were now several financial groups, banks and large investment funds in the world that wanted to become investors in SHB. SHB also planned to issue international bonds with a total value of $500 million with a term of 3-5 years.
According to Lê, for shareholders, the issuance of bonds to the international market not only increases profit margins and adds value to shareholders through the dividend plan, but also contributes to improving the value of each shareholder in the long run. LINK
Keiser Report | The ‘I’ Word | E1721
Jul 10, 2021
In this episode of Summer Solutions 2021 of the Keiser Report, Max and Stacy chat to John Rubino of DollarCollapse.com about the 'I' word now being used by even the central banks who have long denied inflation would ever result from the excessive money printing which is constantly offered as a solution to the previous bout of printing and interest rate cuts.
Rubino offers his outlook and options for a post-dollar world and what he forecasts for inflation on the horizon and how that plays out amongst the population.