SHORT-TERM LIQUIDITY FACILITY (SLF): IMF
October 31, 2008 at 9:14 am | In Economics, Financial, Globalization, Research | Leave a Comment
INTERNATIONAL MONETARY FUND SETS UP NEW
LENDING FACILITY TO EASE LIQUIDITY WOES
UNNews UNNews@un.org On Behalf Of news11-admin@lists.un.org
Thu, 30 Oct 2008
New York, Oct 30 2008
INTERNATIONAL MONETARY FUND SETS UP NEW
LENDING FACILITY TO EASE LIQUIDITY WOES
The International Monetary Fund (IMF) has created a new short-term lending facility for countries with strong policies and good track records but which are facing temporary liquidity problems amid the current global financial turmoil.
The Short-Term Liquidity Facility (SLF), approved yesterday by the IMF’s Executive Board, comes with no conditions attached once a loan has been approved and offers large upfront financing to help countries restore confidence and maintain stability.
“Exceptional times call for an exceptional response,” “http://www.imf.org/external/np/sec/pr/2008/pr08262.htm stated IMF Managing Director Dominique Strauss-Kahn, as he announced the establishment of the new facility.
“The ongoing turmoil in global capital markets has led to significant liquidity difficulties for some emerging market countries, even those that have maintained sound macroeconomic frameworks and have sustained histories of market access,” he noted.
Existing IMF loan facilities offer flexibility but are mainly intended for countries that require both financing and policy adjustment, and not for countries that despite strong initial macroeconomic positions and policies are facing short-term liquidity pressures.
“This new facility addresses that gap in the Fund’s toolkit of financial support,” he said
Mr. Strauss-Kahn added that the Fund is responding quickly and flexibly to requests for financing.
“We are offering some countries substantial resources on an expedited basis, with conditions based only on measures absolutely necessary to get past the crisis and to restore a viable external position,” he said.
Oct 30 2008 1:10PM
________________
For more details go to UN News Centre at http://www.un.org/news
INTERNATIONAL MONETARY FUND SETS UP NEW
LENDING FACILITY TO EASE LIQUIDITY WOES
UNNews UNNews@un.org On Behalf Of news11-admin@lists.un.org
Thu, 30 Oct 2008
FEDERAL RESERVE BANK SF: SPEECHES
October 31, 2008 at 2:20 am | In Economics, Financial, Globalization, Research | Leave a Comment
Speech notification from the Federal Reserve Bank of
SF
Thu 10/30/08
Speeches are posted to the Federal Reserve Bank of San Francisco’s website.
Below is a link to the latest speech by President and CEO Janet L. Yellen.
Speech: The Mortgage Meltdown, Financial Markets, and the Economy
Delivered October 30, 2008, in Berkeley, California
http://www.frbsf.org/news/speeches/index.html
Speeches and testimony by members of the Federal Reserve Board of Governors are available at http://federalreserve.gov/newsevents.htm
Speeches by other Federal Reserve Bank Presidents are available at
http://minneapolisfed.org/info/sys/people/pres.cfm
If you experience any difficulties, please email your details and request to
Researchpubs.sf@sf.frb.org
Speech notification from the Federal Reserve Bank of SF
Thu 10/30/08
DALLAS FED “INTERNATIONAL ECONOMIC UPDATE”: “THE FINANCIAL CRISIS INTENSIFIES AND SPREADS”
October 30, 2008 at 9:36 pm | In Economics, Financial, Globalization, Research | Leave a Comment
Dallas Fed International Economic Update
on behalf of Dallas Fed Publications
Thu 10/30/08
The Financial Crisis Intensifies and Spreads
International Economic Update
October 2008
Globalization and Monetary Policy Institute
Federal Reserve Bank of Dallas
The financial crisis that started in the United States has spread to European financial markets and now threatens emerging economies. Expectations for global growth have declined as a result of the turmoil, and weakened demand is causing inflationary pressures to subside.
Read more:
http://dallasfed.org/institute/update/2008/int0807.cfm
——————————————————————-
Federal Reserve Bank of Dallas
http://dallasfed.org/pubs/e-sub/e-pubs.cfm
We welcome your comments, questions and suggestions.
Please e-mail us at dal.webmaster@dal.frb.org.
Federal Reserve Bank of Dallas 2200 N. Pearl St. Dallas, TX 75201
Dallas Fed International Economic Update
on behalf of Dallas Fed Publications
Thu 10/30/08
BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 130: CRISIS
October 30, 2008 at 4:21 pm | In Economics, Financial, Globalization, Research | Leave a Comment
BIS Review
Bank for International Settlements
BIS Review No 130 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Thu 10/30/08
Please find BIS Review No 130 attached as an Adobe Acrobat (PDF) file.
Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 130 (30 October 2008)
Christian Noyer: Some thoughts on the crisis
Jean-Claude Trichet: Current challenges for the euro area
Amando M Tetangco, Jr: The Central Bank of the Philippines – supporting academic excellence
Ric Battellino: An update on household finances
Lorenzo Bini Smaghi: Growth and inflation in the euro area – the importance of productivity in the services sector
________________________________
please e-mail press.service@bis.org.
BIS Review
Bank for International Settlements
BIS Review No 130 available
Press, Service (Press.Service@bis.org)
Publications, Service (Publications@bis.org)
Thu 10/30/08
BAHRAIN RESEARCH: “FIRST REACTION REPORT FOR INDUSTRIES QATAR”
October 30, 2008 at 1:09 pm | In Arabs, Economics, Financial, Middle East, Research | Leave a Comment
First Reaction Report for Industries Qatar (IQCD.QA)
Research Team TAIB Securities W.L.L
Post Box 20485 Manama Kingdom of Bahrain
IQCD First Reaction Report
TAIB Research (Research@taib.com)
Thu 10/30/08
In order to view our First Reaction Report for Industries Qatar (IQCD.QA), please click on the hyperlink below:
For English version:
http://www.taib.com/reports/E01025103008/FRRIQCDQAOCT08.pdf
For Arabic Version:
http://www.taib.com/reports/E01025103008/FRRIQCDQAOCT08AR.pdf
For any further information or clarification, please contact us at:
Tel: + 973 17549494 / 485 Fax: + 973 17531213
Email: research@taib.com
Best Regards,
Research Team
TAIB Securities W.L.L
Post Box 20485, Manama
Kingdom of Bahrain
IQCD First Reaction Report
TAIB Research (Research@taib.com)
First Reaction Report for Industries Qatar (IQCD.QA)
Thu 10/30/08
DESERTIFICATION AND GLOBAL CRISES: UN NEWS
October 30, 2008 at 2:07 am | In Development, Earth, Economics, Financial, Globalization, Research | Leave a Comment
COMBATING DESERTIFICATION COULD HELP TACKLE OTHER
GLOBAL CRISES
– UN OFFICIAL
on behalf of UNNews (UNNews@un.org)
Wed 10/29/08
COMBATING DESERTIFICATION COULD HELP TACKLE OTHER GLOBAL CRISES – UN OFFICIAL
New York, Oct 29 2008 6:10PM
While global attention is focused on crises ranging from energy to food security to climate change, a senior United Nations environmental expert today highlighted the “silent” crisis of desertification or land degradation, which, if tackled properly, can actually help address these other issues.
“The land can be… an opportunity to solve most of the ongoing global crises,” Luc Gnacadja, Executive Secretary of the UN Convention to Combat Desertification (“http://www.unccd.int/” UNCCD), told a news conference in New York.
The 2005 Convention aims to promote effective action through innovative local programmes and supportive international partnerships to combat desertification, which is the degradation of land in arid, semi-arid and dry sub-humid areas.
Caused mainly by human activities and climatic variations, desertification puts at risk the health and well-being of 1.2 billion people in more than 100 countries.
Mr. Gnacadja stressed that “the nexus between land degradation and climate change is clear.” Global warming is likely to lead to more extreme weather events, such as droughts and heavy rains, which could lead to soil erosion and loss of land cover.
At the same time, land degradation releases carbon into the atmosphere, worsening global warming and climate change.
“If we want to tackle climate change challenges, we must look to the untapped potential of the soil to sequester carbon,” said Mr. Gnacadja, calling it a “win-win” situation. “By doing that, we are improving biodiversity of the soil ecosystem and improving the productivity of the soil, therefore impacting the livelihoods of affected populations.”
Improving land productivity will also boost the capacity to produce more food and therefore tackle the issue of food security. “We are also making the world much more able to produce more agro-fuels,” he added.
“An ecosystem is like a bank account,” Mr. Gnacadja noted. “If we keep on withdrawing, and we don’t invest by feeding the soil and enabling it to regenerate, we are moving towards bankruptcy.”
The Second Global Assessment of Land Degradation and Improvement, issued this year, found that an additional 24 per cent of global land had been degraded in the period from 1981-2003. However, what was really worrisome is that these lands are mainly in humid areas where rainfall is not an issue.
The Assessment also found that 16 per cent of land had been improved, including some of the drylands in the Sahel, the Horn of Africa and Australia.
“We know that drought and land degradation are predictable, and land degradation is reversible when the tipping point is not reached,” Mr. Gnacadja said, adding that the social and economic impacts on livelihoods are, therefore, to a large extent the result of “public and even global policy failure.”
This includes the failure to scale up good practices,to spread available information and knowledge, and to mobilize the required resources.
Oct 29 2008 6:10PM
For more details go to UN News Centre at http://www.un.org/news
COMBATING DESERTIFICATION COULD HELP TACKLE OTHER GLOBAL CRISES
– UN OFFICIAL
on behalf of UNNews (UNNews@un.org)
Wed 10/29/08
FRB ATLANTA: CENTRAL BANK SWAP LINES
October 30, 2008 at 1:45 am | In Economics, Financial, Globalization, Research | Leave a Comment
FRB Atlanta Circular Letters
Wed 10/29/08
October 28, 2008
Federal Reserve and Reserve Bank of New Zealand Announce the Establishment of a Temporary Reciprocal Currency Arrangement
Today, the Federal Reserve and the Reserve Bank of New Zealand are announcing the establishment of a temporary reciprocal currency arrangement (swap line) to address ongoing, elevated pressures in U.S. dollar short-term funding markets. This facility, like those already established with other central banks, is designed to help improve liquidity conditions in global financial markets.
October 29, 2008
Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of Korea, and Monetary Authority of Singapore Announce the Establishment of Temporary Reciprocal Currency Arrangements
Today, the Federal Reserve, the Banco Central do Brasil, the Banco de Mexico, the Bank of Korea, and the Monetary Authority of Singapore are announcing the establishment of temporary reciprocal currency arrangements (swap lines). These facilities, like those already established with other central banks, are designed to help improve liquidity conditions in global financial markets and to mitigate the spread of difficulties in obtaining U.S. dollar funding in fundamentally sound and well managed economies.
http://www.frbatlanta.org/bank_info/circ_router.cfm
Visit our Web site, www.frbatlanta.org
Use RSS http://www.frbatlanta.org/rss/rss.cfm
For a list of items recently posted to the Atlanta Fed’s Web site, go to http://www.frbatlanta.org/whatsnew.cfm
FRB Atlanta Circular Letters
Wed 10/29/08
RECIPROCAL CURRENCY ARRANGEMENTS: U.S. BRAZIL MEXICO KOREA SINGAPORE
October 29, 2008 at 8:54 pm | In Economics, Financial, Globalization, Research | Leave a Comment
Federal Reserve, Banco Central do Brasil, Banco de
Mexico, Bank of Korea, and Monetary Authority of
Singapore announce the establishment of temporary
reciprocal currency arrangements
Federal Reserve Board Notification
Wed 10/29/08
http://www.federalreserve.gov/newsevents/press/monetary/20081029b.htm
Released by the Board of Governors of the Federal Reserve System
Schedule of upcoming postings to the Board’s website
List of items posted to the Board’s website over the past two weeks
If you have any questions or problems e-mail support@govdelivery.com for assistance.
Visit us on the web at www.federalreserve.gov.
20th Street and Constitution Avenue NW · Washington DC 20551 · Phone: 202-452-3000
Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of
Korea, and Monetary Authority of Singapore announce the
establishment of temporary reciprocal currency arrangements
Federal Reserve Board Notification
Wed 10/29/08
“GCC MARKET WATCH”: OCTOBER 29 2008
October 29, 2008 at 4:15 pm | In Arabs, Economics, Financial, Globalization, Middle East, Research | Leave a Comment
SICO’s GCC Market Watch –
Wednesday 29 October, 2008
SICO_GCC_…pdf (135.8 KB)
Wed 10/29/08
Investment Research Department
Securities & Investment Company(SICO)
Bahrain
Telephone: +973 17 515 000
Facsimile: +973 17 514 000
Brokerage: +973 17 515 200
research@sicobahrain.com
www.sicobahrain.com
|
29 OCT 2008 |
INVESTMENT RESEARCH DEPARTMENT |
|
Dear Sir/Madam Please find attached SICO’s GCC Market Watch dt. October 29, 2008. Market Snapshot What’s inside? We hope you find the report of interest and relevance SICO Research can also be accessed through Thomson Financial / First Call, Reuters, Advantage Data and our website. Best Regards
|
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Investment Research Department Telephone: +973 17 515 000 |
SICO’s GCC Market Watch – Wednesday 29 October, 2008
SICO_GCC_…pdf (135.8 KB)
Wed 10/29/08
SAUDI WATER AND POWER FORUM: NOVEMBER 1 2008 JEDDAH SAUDI ARABIA
October 29, 2008 at 1:07 pm | In Arabs, Middle East, Science & Technology | Leave a Comment
Saudi Water & Power Forum
Wed, 29 Oct 2008
|
Saudi Water & Power Forum 2008: Under the Patronage of H.R.H. Prince Khalid Bin Faisal Bin Abdulaziz, |
Your last chance to book for SWPF 2008. Click here to register.
Quite unlike any other event in the region, SWPF is led by the Ministry of Water & Electricty and is key for suppliers and contractors, to meet, network and do business with industry leaders and officials. It will give you the opportunity to understand more about ways of participating in this exciting high growth market.
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Highlights for 2008 include: • Extensive networking – including new online networking facility for all |
Strategic Conference – Change, Innovation & Sustainable Development
Structured in a series of presentations and panel discussions, the conference is an ideal forum to discuss important issues, update the industry on what is current and what the future strategies should be. Click here to find out more.
Exhibition – The 2008 SWPF Exhibition has now sold out!
Over 130 companies from more than 20 countries will exhibit – over 3,000 participants are expected to attend.
Visitor Opening Hours: 2 November 2008 09:00 – 20:00, 3 November 2008 09:00 – 18:00
Seminar – 1st November 2008
Topics to be covered include:
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The Investment
-
Legal and Regulatory Framework for Investment
-
Financing Options
Sponsorship
There are still ways to ensure visibility of your organisation at this prestigious event.
Contact Lyndon Baptiste on +44 20 7978 0085
Saudi Water & Power Forum
Wed, 29 Oct 2008
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