White Forex® sheet 2 mm Plasticsheetsshop.co.uk

CLSA: Greed & Fear : Modi and Banking Amendments [NP]

Chris Wood of CLSA is one of the most revered Equity Strategist. He periodically writes 'GREED & FEAR' series explaining his views and strategies. He usually meets the policymakers, CEOs and sector experts before forming his opinions on each country and the market.
This is a txt copy of the latest edition.
CLSA: GREED & FEAR : MODI AND BANKING AMENDMENTS - 11th May 2017
GREED & fear’s base case for 2017, namely for global equity investors to be overweight global emerging markets and the Eurozone, has been strengthened by Emmanuel Macron’s victory. Macron’s victory will have further encouraged hopes of a re-energised Franco-German alliance at the heart of the Eurozone and related hopes of a renewed drive towards integration. Whether such hopes prove to be a reality is quite another matter. But for the moment they can propel European equities higher in the run up to the German election where GREED & fear’s base case remains a Merkel victory.
GREED & fear also remains constructive on the euro since the base case must be that Derivative Draghi will signal some increase in token tapering at the next ECB monetary policy meeting on 8 June.
As for the US, renewed hopes that the Trump administration will be able to pass reform of Obamacare are again encouraging expectations that tax reform can be passed more quickly than previously anticipated. This remains extremely optimistic from GREED & fear’s standpoint, with the major uncertainty whether Republicans in Congress will insist on the package being revenue neutral. But for now such hopes may keep the 10-year Treasury bond yield above 2.3% and therefore equities reasonably constructive. Yet if such hopes of near-term tax cuts are dashed, GREED & fear’s view remains that the yield curve is vulnerable to renewed flattening given that the evidence remains that the downside risk to economic growth in America are rising not falling. More tightening by the Fed, let alone the commencement of balance sheet contraction, increases the risk for US equities and strengthens the case to be long Treasury bonds absent aggressive tax cuts. It also increases the argument to be underweight American equities in a global portfolio.
It is a reality of market sentiment that the China reflation trade is currently being questioned. GREED & fear’s base case is that the bulk of the correction in commodities is over, be it in copper, iron ore and other China reflation trade proxies.
Still GREED & fear is much less sanguine on oil where hopes of keeping oil above US$50 rest on OPEC being able to agree on an extension of the current production agreement at its forthcoming meeting scheduled for 25 May. In the absence of such a deal, oil looks vulnerable.There is now a following wind in Europe until the German federal election in September where investors currently anticipate a positive result. The issue will then become whether a Eurozone with a Merkel-Macron leadership or, less likely, a Macron-Schulz leadership, will really push for renewed integration on a presumed path to fiscal union. For that is what will be required in GREED & fear’s view to keep Italy in the Eurozone.
If Asia and emerging markets remain an overweight forGREED & fear, India also remains the most preferred equity story in the emerging market universe on a ten-year view. This long-term constructive view has been strengthened by evidence that the Modi government is showing a renewed focus to address the asset quality problem in the banking sector.
The key development on the bad loan problem was the publication late last week of an ordinance amending the Banking Regulation Act. The key purpose of this amendment is to empower the Reserve Bank of India to intervene in specific cases of default as well as to give the central bank the authority to require specific defaults to be sent to the insolvency court if lenders and borrowers cannot reach resolution.The other aim of this amendment is to remove a concern shared by all bankers that, if they agree to a haircut on a specific loan, they will be at risk of future investigation by the judiciary or an investigative agency. It is the reluctance of the banks to take haircuts which has been the key cause of India’s long festering banking problem.The lack of progress addressing this legacy problem in the banking sector is the main reason why India is still seeing no evidence of a renewed private sector-driven investment cycle. While there have, in GREED & fear’s view, been enormous achievements in other areas of policy, the missing link is the banking sector with the bulk of the problem lying in the state-owned banks.The new approach requires the RBI to execute proactively on its new powers. The good news is that the RBI’s technocratic approach means that its management of the NPA problem will be less politicised than if handled by other government agencies. The word in Delhi is that the RBI will come out with clear guidelines in the near future on how this process will work.There is naturally much scepticism as to whether resolutions of bad debt cases will happen given the previous failure to address the NPA problem. Still, in GREED & fear’s view it is wrong to be too sceptical since, if the RBI is prepared to be tough, it has the leverage to apply, since it now has the power to invoke the insolvency code against defaulters. Once the NPA issue is resolved, the way will be clear for the public sector banks to raise capital, a process which should also lead, with the encouragement of both the RBI and the government, to the consolidation of the public sector banks.
The rest of the Indian story under the extraordinary Modi remains as vibrant as ever. While it is true that the Aadhaar programme was launched under the previous government, the real roll out and practical application of the programme has been massively leveraged since Modi assumed power. The benefits of direct electronic payments are hard to exaggerate in terms of reduced leakages and the like.
There is also the approaching launch of the Goods and Services Tax (GST). While this will not be as clean as originally hoped, the arrival of GST is a big deal. The fundamental point to focus on is that GST will end inter-state barriers to trade. The result should be increased tax revenues.GREED & fear remains constructive even if the Indian stock market is certainly expensive on a forward earnings basis. The continuing rise in the stock market year to date, and the resulting re-rating, has been triggered primarily by ongoing strong inflows into domestic equity mutual funds.These inflows into the mutual funds have been a feature ever since Modi was elected and reflect a growing preference for financial assets over traditional assets not traditionally visible to the taxman in India, namely property and gold.
The investment in Naver in the Asia ex-Japan long-only portfolio will be removed. An investment in Indian state-owned bank State Bank of India will be initiated with a 3% weighting, while a further 1ppt will be added to the existing investment in HDFC.China’s foreign exchange reserves increased by US$20.4bn in April. This marks the first time China’s forex reserves have increased for three consecutive months since June 2014. CLSA’s economics team estimates a mark-to-market gain of US$25bn in April, which implies a balance of payments deficit of only US$5bn in April. This further reinforces the view here that capital flight in China is not out of control.The latest Chinese inflation data provides further evidence that China PPI inflation has already peaked. PPI inflation slowed for the second consecutive month, down from 7.6% YoY in March to 6.4% YoY in April. The slowdown can be partly explained by the base effect. But China PPI also declined on a month on month basis for the first time since June 2016.
submitted by ribiy to india [link] [comments]

Can you guys give me some advice on my resume?

Advice about grammatical errors is welcome because there would be many.
Thanks in advance.
*I'm looking for a trainee program as J-1 visa in US.
SUMMARY 3 years of experience in tough projects for financial institutions, which required high reliability and high performance and sometimes required over three hundreds working hours a month. 0.5 years of experience as a freelance web developer. EDUCATION Bachelor of Economics, March 2011 XXXX University, Tokyo, Japan QUALIFICATIONS Passed CMA (Chartered Member of the Securities Analysts Association of Japan) examinations, July 2009 3rd grade Certified Skilled Worker of Financial Planning, September 2008 Class-2 (Securities) Sales Representative, May 2008 Applied Information Technology Engineer, June 2009 TOEFL iBT Score 82, February 2009 Ordinary Vehicle License, May 2008 Ordinary Motorcycle License, March 2009 AWARDS Nikkei Stock League 2008 Nominated: XXXXXXX EXPERIENCE Freelance Financial Statements Visualizer site (XXXXXXXXXXXXXXX) | Dec 2014 Developed the entire application and deployed it to AWS. Codes in JavaScript and Ruby on Rails. Web-scraping from a data source. The application running on AWS. Bitcoin Exchange Platform site (XXXXXXXXXXXXXXXXX) | July 2014 - Ongoing Registered a company, XXXXXXX Inc. (XXXXXXXXX), constructed development/stage/production environments, developed the entire application from an open source and deployed it. Still in beta. Codes in HTML, JavaScript, Ruby on Rails. Web-scraping from a bank’s website. The application running with bitcoind on AWS (EC2, S3, RDS, CloudWatch, Load Balancers, Auto Scaling), Nginx, Unicorn. Line Sheet Maker site (XXXXXXXXXX) | Oct 2014 Selected frameworks and implemented a PDF generating engine. Codes in Ruby on Rails (RSpec, Wicked PDF, Liquid) and JavaScript (jQuery) Online Fashion Shopping site (XXXXXXXXXXXXXXXXXXXXXX) | July 2014 – Sept 2014 Implemented tests, improved performance and fixed bugs. Codes in Ruby on Rails (Spree, RSpec, capybara) and JavaScript (jQuery). XXXXXXXX, Inc. (Company’s name changed to XXXXXXXXXXX Inc. on Jan 2014), Tokyo, Japan Enhancement of an inter-process messaging middleware to support UDP and the latest OSs | Mar 2014 – Jun 2014 Built compilation/testing/performance measurement environments and conducted acceptance tests. Codes in C++. Environments are Windows and Linux. Market-access Engine of Order Execution System of a bank and a securities company | Dec 2013 – Apr 2014 Implemented unit tests, conducted unit/integration tests and fixed bugs. Codes in C++. Debugging with GDB. The engine is connected to Osaka Exchange with FIX protocol and to Reuters with RFA. The environment is Linux. Order Management System for financial derivative products of a securities company | May 2013 – Nov 2013 Planned basic/detailed design specification, implemented requirements/unit tests, conducted integration testing, analyzed performance and tuned code/SQL/Oracle parameters. This project is enhancement development. Codes in Java (JNI, Original distributed calculation framework, JasperReports, Hibernate) and C++(for financial products pricing libraries). Batches in WSH and PL/SQL. Order Management System with distributed calculation for financial derivative products | Jan 2013 – Apr 2013 Constructed distributed calculation computing environment with 750 CPU cores, tuned OS/Oracle/JVM parameters, and surveyed performance between two different architectures to propose new architecture for YYY Securities Inc. Codes in Java (Spring, Hibernate, GridGain, Original distributed calculation framework). Debugging with JDB. Environments are Windows Server and Oracle database. Analysis tools are jConsole, jdb, WSH, Windows Performance Monitor, Statspack. Interfaces of Order Management System for financial derivative products of a bank | Apr 2012 – Dec 2012 Planned basic/detailed design specification, implemented interfaces/unit tests and conducted integration testing. Codes in Java (Spring, Hibernate, JUnit, mockito, JasperReports). The application is connected to Reuteres with RFA and to others with HULFT. Online Forex Trading System of a securities company (OTC and Exchange Broking) | Jun 2011 – Mar 2012 On call 24 hours for system troubleshooting, point of contact for clients, release engineering, bug fixes Codes in Java (Struts, JSP, Hibernate, Velocity), JavaScript, HTML, bash. Operating tools are Nagios, MRTG, Linux, Windows Server, JP1. Internships XXXXXXXXXXXXXXXXXX Co., Ltd., Tokyo, Japan | Aug 2009 Surveyed two methods of calculating forward rate curves Simulations in Excel VBA XXXXXXXXXXXXXXXXXX Co., Ltd., Tokyo, Japan | Aug 2008 Planned requirements specification, implemented and gave demonstrations of a ERP package for Correspondence Course Codes in Delphi 
submitted by zhouyang to resumes [link] [comments]

YouTube Homemade 200cc MOTORCYCLE of CAR TIRES !? / PART 1 - YouTube How to Make a Custom Roof Rack  I Like To Make Stuff ... World of Amazing Modern Technology and Skilful Workers ... TIMELAPSE: WOOD FIRED HOT TUB Built By Couple In 13 Min ... Swift Programming Tutorial for Beginners (Full ... - YouTube

China 4*8FT 8mm PVC Forex Sheet Packed by Carton, Find details about China Advertising Material PVC Foamex Boards, 8mm PVC Forex Sheet Pack by Carton from 4*8FT 8mm PVC Forex Sheet Packed by Carton - Shanghai Gokai Industry Co., Ltd. China PVC Forex Sheet, Find details about China pvc foam board, pvc sheet from PVC Forex Sheet - Oriency Sign Technology Industry Co., Ltd. PVC Foam Board/PVC Foam Sheet/PVC Celuka Sheet/ PVC Rigid Sheet/AD Sheet/ PVC Forex Sheet/PVC sheet for construction/PVC Sheet for Decoration/PVC Sheet for furniture/High quality white PVC sheet Specifications 1. Waterproof and mould proof 2. Widely used in kitchen and washroom cabinet 3. Thickness from 1mm to 25mm, different ... China 3mm 6mm 0.5density PVC Forex Sheet, Find details about China PVC Foam Board, PVC Sheet from 3mm 6mm 0.5density PVC Forex Sheet - ZIBO DINGTIAN PLASTICS CO., LTD. Standard plans are effective the date signed by the City Engineer. There may be multiple published versions of the Standard Construction Specifications and the Public Works Design Standards at any given time. Each version will be identified on the front cover and/or in page footers with a version number or date. celuka white forex furniture design kitchen advertising sintra cabinets pvc foam board pvc foam board , a kind of high-tech product,is produced by special machinery and technology processing. The main material PVC foam sheet board resin can be... Zibo Kaichuang Plastic Co.,ltd. China. Category: Rubber & Plastics Plastic Sheets. Zibo Kaichuang Plastic Co.,ltd. China. Contact Now. becarve ... High Quality Waterproof PVC Forex Sheet KY1-20 - KYNYI Products Made In China, China Manufacturer. High Quality 4X8ft Waterproof PVC Forex Sheet Green living starts at home. KUNYI PVC Forex Sheet, starts your green life. PVC Forex Sheet, protect forest resources from felling. Specifications: 1 Product PVC Forex Sheet 2 Size 1220mmX2440mm; 1560mmX3050mm; 2050mmX3050mm 3 Thickness 1~30mm 4 Density forex pvc foam sheet, forex pvc foam sheet Suppliers and ... Alibaba offers 6,925 forex pvc foam sheet products. About 96% of these are Plastic Sheets. A wide variety of forex pvc foam sheet options are available to you, such as material. white pvc sheet, white pvc sheet Suppliers and ... JINBAO factory expanded pvc board 4x8 white colored rigid plastic celuka pvc foam sheet for kitchen ... White Forex® PVC sheet 2 mm cut to size free of charge. Our high quality white Forex sheets will be ready for delivery within 48 hrs. Order your Forex sheet online now! PVC Sheet, PVC Forex Sheet, PVC Plastics Sheet manufacturer / supplier in China, offering White and Colorful Building Material Construction Sheet Advertising 1-40mm PVC Foam Board PVC Sheet (4*8FT), Clear Transparent Acrylic Sheet, White Color PP Hollow Polyphenylene Correx Conflute Coroplast Corrugated Plastic Plastic Fluted Polypropylene Cartonplast Polycarbonate Twinwall Honeycomb Sheet and ...

[index] [21931] [13048] [22140] [16840] [11418] [19492] [7616] [5996] [8600] [4654]

YouTube

🚨🚨 MORE TIMELAPSE VIDEOS! http://bit.ly/379jABh 🚨🚨 Why We Built A Deck & Hot Tub Before Our House: http://bit.ly/33WT5g3 New to our channel? Click “Show ... World of Amazing Modern Technology and Skilful Workers Making Construction Simple and Effective. In this video: 1. Laying Stone carpet fast and easy: www.nat... GRAFF Black Cutter : https://www.amazon.com/GRAFF-Black-Diamond-Purpose-Cutting/dp/B07PPGRMS3 Unior Tools : https://uniortools.com Einhell Tools : https://ww... Learn how to code with Swift in one single tutorial! We'll go through all the core concepts of Swift including: Variables and Constants, Data Types, Properti... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. I've always wanted a roof rack for my Land Cruiser, but the commercially available options didn't fit my needs, so I made a custom one, come see how! TOOLS &... Subgrade Level Calculatios And Technical Specifications ... Tech&NonTech TricksGuider 13,720 views. 4:55. Best FX Trading Strategies (THE Top Strategy for Forex Trading) - Duration: 32:00. No ...

https://binaryoptiontrade.togebvi.tk