Borrowing power – Sharewared http://sharewared.com/ Mon, 10 Jan 2022 02:28:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sharewared.com/wp-content/uploads/2021/06/icon-2021-06-29T134115.656-138x136.png Borrowing power – Sharewared http://sharewared.com/ 32 32 The Agency launches in the national capital https://sharewared.com/the-agency-launches-in-the-national-capital/ Mon, 10 Jan 2022 02:28:42 +0000 https://sharewared.com/the-agency-launches-in-the-national-capital/ The Agency continues to increase its national presence with the establishment of a successful team in Canberra. The Canberra team is a leader in the residential, project and commercial space, bringing with it a pipeline of high-caliber projects and residential announcements. First The agency Canberra, at the helm of ACT, prominent sales manager Sam Dodimead […]]]>

The Agency continues to increase its national presence with the establishment of a successful team in Canberra.

The Canberra team is a leader in the residential, project and commercial space, bringing with it a pipeline of high-caliber projects and residential announcements.

First The agency Canberra, at the helm of ACT, prominent sales manager Sam Dodimead is spearheading the agency’s strategic expansion in the nation’s capital.

Mr. Dodimead was most recently Director of Project Marketing for the Canberra Blackshaw local boutique network.

After overseeing over $ 1 billion in real estate transactions, Mr. Dodimead has been involved in many notable and highly successful projects in Canberra which were sold before their completion.

With in-depth knowledge of site feasibility, acquisitions, project planning and marketing, his experience working with developers to secure a range of development opportunities spans subdivisions, developments of townhouses and high-rise apartment buildings.

Mr. Dodimead joins his team of experienced and successful agents from Canberra; Luke Dent, Andrew Metcalf and Nic Geou. They are joined by marketing and operations specialist Anita Kell.

Agency chief executive and CEO Geoff Lucas said the launch of the Canberra office was aligned with the company’s strategy to rapidly expand its presence on the east coast and expand into new regions. .

“Our entry into Canberra is in line with the recognition of the nation’s capital as a significant growth opportunity for the Agency,” said Mr. Lucas.

“Having already developed businesses in Canberra, Matt Lahood and I have long viewed this market as a critical area of ​​potential.

“Canberra has low unemployment and earnings above the national average, coupled with a highly educated and skilled workforce.

“These factors, along with Canberra’s quality of life and attractiveness, have been powerful drivers of housing price growth in Canberra. Canberra will remain an attractive city for businesses, professionals and families. The arrival of international investors and skilled migrants is imminent, which will further stimulate the demand for high-quality real estate in the city.

A growing food and wine scene, recognition as an arts and culture center, as well as world-class exhibitions stopping only in Canberra at the National Art Gallery, Canberra has indeed cemented its place as a city. attractive and pleasant to live in.

Canberra’s number one industry is government, which not only provides economic stability and a global connection point, but also an attraction for developers and commercial properties.

“Canberra’s geographic position is also important, as its ease of access provides greater opportunities for our buyers and customers in the NSW Southern Highlands and Tablelands, Sydney and the Illawarra South Coast region,” Mr. Lucas.

In 2021, the Canberra team sold 420 listings with a gross sales value of approximately $ 220 million.

Agency Real Estate CEO Matt Lahood said the Canberra team’s expertise in a number of areas, including residential, commercial and project marketing, will give them a distinct advantage in the market.

“The significant level of development currently in our team’s Canberra pipeline cannot be underestimated,” said Mr. Lahood.

“The relationships and trust they build with developers are second to none, which has allowed the team to sell projects before their completion. The team generates such a high volume of sales that it can be difficult for some to keep up.

“The number and scale of projects underway in Canberra reflects the confidence of developers and investors in the long-term future and the growth potential of the Canberra market, and underscores the growing demand for commercial properties.

“The team’s strong project marketing capability is complemented by the high quality residential sales arm of their business. “

Mr Dodimead said the team was set for a busy 2022, with many projects and announcements in the works.

“We expect to achieve $ 500 million in off-plan sales in the Canberra market in 2022,” he said.

“We also expect to have a very active presence in the commercial market. Plus, we’ve got an exclusive listing of a home that’s set to break Canberra’s Inner South Suburbs record of $ 1 million.

“The Agency’s national presence gives us the ability to launch projects nationally, on a large scale, with a much larger pool of buyers, and to present sites to more developers with a great power of acquisition.

“As a business, the Agency works more harmoniously with its agents than a franchise network. This is a huge credit to the unique business model and how it allows us as agents to leverage the strength of a national network.

Canberra market trends will remain robust

The residential market remains strong in Canberra, which will remain a perennial trend.

Despite the high median real estate price, the residential market remains affordable in Canberra given high levels of household wealth, Dodimead explains.

Data from the domain show Canberra hit a record median home price of $ 1,074,187 in the September 2021 quarter, reflecting 32.4% year-over-year growth.

The capital has become the second most expensive city in Australia to buy a home, after Sydney.

“Canberra is a city of highly educated and skilled professionals, with high levels of household wealth,” Mr. Dodimead said.

“I like to see it like this: it’s very difficult to find a restaurant by booking in Canberra, the good restaurants are always full. If interest rates rise across the country, Canberra is very well protected because households can afford to absorb the cost.

“The high levels of borrowing power also ensure that the residential market will remain strong.”

Canberra’s landscape has changed since developers started adding density, says Dodimead, as that comes with more amenities for residents – cafes, bars, and shops in every suburb, this which has improved the quality of life and created a greater sense of community for its residents.

“As a city, Canberra has high rates of outbound migration,” Mr. Dodimead said.

“Once the borders open again, we will have migrants and highly skilled professionals joining the public and private sectors, which will contribute to the growth of the economy. ”

This trend has also led to strong demand in the Canberra real estate market for investors, both interstate and international.

“People want exposure to a government correlated market because the Australian economy is strong globally and investors see value in it,” Dodimead said.

“Rental yields are high and most properties are positively oriented once installed. “


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Take Five: Profits, Returns and COVID-19 https://sharewared.com/take-five-profits-returns-and-covid-19/ Sat, 08 Jan 2022 18:00:45 +0000 https://sharewared.com/take-five-profits-returns-and-covid-19/ It didn’t take long for the slowdowns to appear as markets accelerate for 2022. Rising US Treasury yields, sparked by growing speculation that the Federal Reserve could begin its rate hike cycle as early as March has extinguished the enthusiasm from the start, just as the profit season in the US is about to kick […]]]>

It didn’t take long for the slowdowns to appear as markets accelerate for 2022. Rising US Treasury yields, sparked by growing speculation that the Federal Reserve could begin its rate hike cycle as early as March has extinguished the enthusiasm from the start, just as the profit season in the US is about to kick off.

And the unrest in Kazakhstan has put geopolitical risks back on the agenda, as China struggles to keep its zero COVID strategy on track ahead of the Winter Olympics.

Here’s your week ahead at the markets of Tom Westbrook in Singapore, Lewis Krauskopf in New York and Dhara Ranasinghe, Tom Wilson and Karin Strohecker in London.

1 / QUARTERLY MONITORING

Massive increases in US corporate profits helped fuel last year’s 27% gain in the S&P 500. As the earnings season kicks off in the next few days, companies are likely to struggle to post similar numbers for the fourth quarter.

S&P 500 company profits are expected to jump 22.3%, according to Refinitiv IBES – a solid increase, albeit a lower clip than in the first, second and third quarters.

The big Wall Street banks JPMorgan, Citigroup and Wells Fargo will be the first to report. Investors want to know if companies believe the supply chain bottlenecks that helped drive prices up last year will ease in the coming months and forecast for 2022. Profit growth of the S&P 500 is expected to slow to 8.4% from 49.7% in 2021.

2 / AT WHAT HEIGHT?

The first week of trading in 2022 has been anything but boring for the world’s largest bond markets. Short-term Treasury yields have hit record highs since early 2020, 10-year yields are up more than 20 basis points, the German Bund yield at -0.06% is approaching 0% and Britain’s sovereign borrowing costs to Australia are several months high.

The message is clear: a tightening of monetary policy is likely sooner than expected, led by the United States. Until data or central bank rhetoric contradicts this, 10-year Treasury yields could soon hit the 2% mark.

Investors will also keep a close on real returns, as the idea that inflation-adjusted returns will stay low has fueled the rally in risky assets. The 30bp jump in US real yields in the first week might not be a good year for some.

3 / NEW YEAR, OLD RULES

For millions of Chinese, the new year started as the old one ended – under lockdown. Cases of COVID-19 are few, especially of the Omicron variant, but restrictions are spreading quickly as authorities maintain a zero tolerance policy ahead of the Winter Olympics next month.

Xian has been in lockdown for more than two weeks, and strict rules are in place in central China. The 400,000 residents of Yongji, Shanxi province, were ordered to stay indoors this week after the virus was detected on a railroad turnstile.

The measures could make any further easing of producer price hikes in December data due Wednesday, especially if they trigger further supply chain disruptions around the world, moot.

4 / KAZAKHSTAN AND BEYOND

Deadly protests in Kazakhstan – the worst violence in its 30 years of independence – have added to the list of outbreaks in the region felt far beyond its borders.

Once again, Russia is playing a key role. The Kremlin’s deployment of troops is widely seen as a gamble to secure its interests in the oil and uranium-producing Central Asian nation.

Repercussions are being felt in commodity markets and weighing on the ruble as Russia finds itself back in the limelight – tensions over Ukraine have taken a heavy toll on its markets. The outcome of the unrest in Kazakhstan is not yet clear, but markets will have to sift through the fallout from geopolitical risks and diplomatic alignments for some time to come.

5 / THE WAR OF LIFE IN BITCOIN

After a wild 2021, bitcoin’s New Year’s hangover has dragged on into the first week of 2022 – and could get worse.

Its network’s computing power fell sharply this week as Kazakhstan’s internet was shut down during its uprising, hitting its cryptocurrency mining industry – the second largest in the world.

The drop in bitcoin’s hashrate could, in theory, affect its price. The more miners there are on the network, the more computing power is needed to mine new bitcoins. If the miners leave the network, it becomes easier for the remaining miners to produce new parts, which in theory increases the supply.

Bitcoin fell below $ 41,000 to its lowest level since late September, with hawkish signs from the Fed adding to the unease. Some see it slipping further into the $ 30,000 range. Crypto investors will be looking for signs that bitcoin may be breaking off the ropes.


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Jessica Simpson Considered “Borrowing Against Her Homes” To Redeem The Jessica Simpson Collection https://sharewared.com/jessica-simpson-considered-borrowing-against-her-homes-to-redeem-the-jessica-simpson-collection/ Thu, 06 Jan 2022 22:42:32 +0000 https://sharewared.com/jessica-simpson-considered-borrowing-against-her-homes-to-redeem-the-jessica-simpson-collection/ Jessica Simpson has revealed that she previously considered borrowing against her homes in order to regain full ownership of her brand, Jessica Simpson Collection. A majority share of the Jessica Simpson collection was purchased by Sequential Brands Group Inc. in 2015, which left Jessica and her mother Tina with only a 37.5% minority stake in […]]]>

Jessica Simpson has revealed that she previously considered borrowing against her homes in order to regain full ownership of her brand, Jessica Simpson Collection.

A majority share of the Jessica Simpson collection was purchased by Sequential Brands Group Inc. in 2015, which left Jessica and her mother Tina with only a 37.5% minority stake in the business.

Simpson, who managed to regain control of the billion dollar empire in October, said Bloomberg Business Week that she and her mother began their two-year battle for ownership in 2019.

The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41.

All in: Jessica Simpson revealed she previously considered borrowing against her homes in order to regain full ownership of her brand, Jessica Simpson Collection

On that fateful day of 2019, Jessica was 34 weeks pregnant with her third child, daughter Birdie Mae, and had been hospitalized with a severe case of bronchitis.

She told the outlet that that’s when she and her mother, who is her longtime business partner and brand president, began their quest for ownership.

“We will borrow against our homes,” said Jessica, who told the point of sale that she would do almost anything to regain control of the Jessica Simpson collection.

“Even if I have to move to a very small place in Ireland, I will.”

Takeover: Simpson, who managed to regain control of the billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019;  Jessica and Tina pictured in 2018

Takeover: Simpson, who managed to regain control of the billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019; Jessica and Tina pictured in 2018

With luck on their side, Jessica and Tina would find out the same year that Sequential Brands Group Inc. – which bought its majority stake in the brand from the Camuto Group in 2015 – was in financial difficulty.

The dynamic duo reportedly contacted Sequential Brands Group Inc about their plans to regain full ownership because Jessica did not want her “name” tarnished.

“My name was on it. I never stray from my name, ”she stressed.

By August 2021, Sequential Brands Group Inc. would seek Chapter 11 bankruptcy protection.

Its name: The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41;  Jessica pictured in 2020

Its name: The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41; Jessica pictured in 2020

According to Bloomberg in September, Simpson offered to buy the brand from bankruptcy for $ 65 million.

A month later, Jessica successfully became CEO of the Jessica Simpson Collection after two years of determination to reclaim the brand.

In an interview with Shoe News after the victory, Jessica exclaimed that it “means the absolute world to me to be able to take full ownership of my brand”.

“After 16 years of activity, I feel ready to face this next exciting phase with open arms. I know the sky is the limit when my mom, our amazing team and I get completely locked into our clients.

Determined:

Determined: “We will borrow against our homes,” said Jessica, who told point of sale that she would do almost anything to regain control of the Jessica Simpson collection. “Even if I have to go and live in a very small place in Ireland, I will”

Taking to Instagram on Thursday, the Public Affair singer proudly shared it Bloomberg Business Week cover with its 5.7 million followers.

“Patience, passion, perseverance, prayer, throwing curved balls and Hail Marys while remaining humble by grace gave me back my power and my name”, she began in her legend .

For her cover photo, Jessica looked glamorous with full hair and makeup and rocked a chic black mock neck sweater.

She continued, “If this girl with a dream could do it, I know anyone can do it! Thanks @businessweek for the honor of an epic cover story I’m going to frame! ‘

Means the world: In a statement to Footwear News after the victory, Jessica gushed that this

Means the world: In a statement to Footwear News after the win, Jessica gushed that it “means the absolute world to me to be able to take full ownership of my brand”


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Chinese Covid policy will be a wildcard for markets in 2022 https://sharewared.com/chinese-covid-policy-will-be-a-wildcard-for-markets-in-2022/ Wed, 05 Jan 2022 00:01:22 +0000 https://sharewared.com/chinese-covid-policy-will-be-a-wildcard-for-markets-in-2022/ The writer is chief economist at the Bank of Singapore How long will China maintain its zero Covid policy? Beijing’s pick is one of the biggest wild cards for 2022. The consensus is that China’s stance will soften after the Winter Olympics in February. This would stimulate consumption and stabilize the economy after its sharp […]]]>

The writer is chief economist at the Bank of Singapore

How long will China maintain its zero Covid policy? Beijing’s pick is one of the biggest wild cards for 2022.

The consensus is that China’s stance will soften after the Winter Olympics in February. This would stimulate consumption and stabilize the economy after its sharp slowdown last year. But Beijing is more likely to maintain its current strategy of strict lockdown and border closures until the end of 2022. Tight controls in China will therefore continue to influence financial markets around the world.

To understand why, consider China’s calendar of major events. This year, the lunar holidays fall at the beginning of February. Beijing will then host the Winter Olympics ahead of the convening of the National People’s Congress the following month. If the Omicron outbreaks have subsided by the end of March, the government will have a clear window to relax pandemic measures and reopen the country to the outside world.

Reducing restrictions so soon would support Beijing’s efforts to revive the economy. China experienced a V-shaped rebound last year with gross domestic product likely to have risen nearly 8% in 2021. But since the summer, growth has slowed sharply. Domestic consumption has been hit by strict shutdowns to contain new cases of Covid-19. Industrial production suffered from power cuts. Real estate investment has been hampered by regulatory restrictions on property developers, and infrastructure investment has been constrained by slow local government borrowing.

In December, the People’s Bank of China responded by reducing the reserve requirements of commercial banks to free up liquidity. The benchmark prime rate for one-year loans fell for the first time in nearly two years, and the government’s Central Economic Labor Conference has pledged increased budget support. An early end to China’s zero Covid policy would help further stimulate activity now, giving the economy a good chance of growing at its annual trend rate of 5.5% in 2022.

But Beijing is unlikely to abandon its strategy after the National People’s Congress in March. Instead, China is expected to maintain its position until the 20th National Party Congress is held in November.

This last congress is a key stage in China, which is held every five years. This year’s event will be particularly significant as it will confirm whether President Xi Jinping will serve a third term.

It would then be surprising if Beijing could ease its policy before November. His strategy has maintained an impressive death toll, but reduced exposure is likely to have limited immunity among the Chinese population. In addition, the variant of the Omicron coronavirus could test the effectiveness of Chinese vaccines against Covid. If Beijing abandons its strategy in the coming months, it could lead to widespread epidemics of Covid ahead of the National Party Congress.

So, investors should be prepared for strict closures and border closures in China throughout the year. The consequences for global markets are likely to be significant.

First, consumption should remain moderate in China. The country’s GDP growth could fall below its trend rate in 2022, limiting demand for raw materials. The absence of Chinese travelers overseas would also continue to affect tourism-dependent economies in the Asia-Pacific region.

Second, China’s trade surplus would likely remain at record levels in favor of the renminbi. During the pandemic, China’s exports were driven by strong overseas demand while imports were held back by a slowdown in domestic consumption. In 2022, emerging economies are expected to face a stronger dollar as the Federal Reserve ends quantitative easing and considers raising interest rates to counter inflation. But the renminbi, supported by China’s external surpluses, is expected to remain stable against the greenback.

Third, recycling China’s record trade surpluses should help keep global bond yields low. This will be particularly important for stocks in 2022.

Stock markets have soared during the pandemic, with yields remaining at historically low levels. But investors are now worried that bond markets could plunge if inflation doesn’t recede. Paradoxically, Beijing’s zero Covid strategy can benefit at-risk assets here. By limiting consumption and imports and keeping trade surpluses high, China’s lockdown position will allow its financial institutions to continue buying U.S. Treasuries, lowering government bond yields abroad. .

Some investors are hoping for a quick exit from strict virus controls in China. But global markets could perform surprisingly better if officials don’t make any changes before the end of the year.

Not covered – Markets, finance and strong opinion

Robert Armstrong dissects the most important market trends and explains how the best minds on Wall Street are reacting to them. Register here to receive the newsletter directly in your inbox every day of the week


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Nigeria’s inflation rate could be among the highest in the world in 2022 – W’Bank https://sharewared.com/nigerias-inflation-rate-could-be-among-the-highest-in-the-world-in-2022-wbank/ Sun, 02 Jan 2022 23:58:36 +0000 https://sharewared.com/nigerias-inflation-rate-could-be-among-the-highest-in-the-world-in-2022-wbank/ The World Bank has said Nigeria may have one of the highest inflation rates in the world in 2022, with rising prices lowering the well-being of Nigerian households. Nigeria is expected to have one of the highest inflation rates in the world and seventh among Sub-Saharan African countries by 2022, according to the World Bank. […]]]>

The World Bank has said Nigeria may have one of the highest inflation rates in the world in 2022, with rising prices lowering the well-being of Nigerian households.

Nigeria is expected to have one of the highest inflation rates in the world and seventh among Sub-Saharan African countries by 2022, according to the World Bank.

“By 2022, Nigeria is expected to have one of the highest inflation rates in the world and the seventh in sub-Saharan Africa,” he said.

The bank said so in the November edition of its Nigeria Development Update.

According to the world financial institution, high inflation is hampering the country’s attempt to achieve economic recovery and eroding the purchasing power of the most vulnerable households.

The document read in part: “High inflation is hampering Nigeria’s economic recovery and eroding the purchasing power of the most vulnerable households. In the absence of measures to contain inflation, rising prices will continue to diminish the well-being of Nigerian households. ”

The bank further highlighted the damaging effects of inflation on Nigeria, including the plunge of eight million Nigerians into poverty, and the possible disruption of consumption, investment and savings decisions, among other consequences.

“If inflation had been closer to the CBN’s 9% target in 2021, Nigeria’s average consumption would have been 15% higher and eight million Nigerians would not have fallen into poverty.

“If double-digit inflation persists in 2022-2023, rising prices will distort government, household and corporate consumption, investment and saving decisions, with negative ramifications for borrowing and lending. long term.

“Over time, the disproportionate impact of inflation on low-income households and those working in low-saving sectors (eg agriculture) will exacerbate inequalities. Ultimately, inflation will not only negatively affect incomes, but also economic productivity and job creation, further limiting the recovery, ”the bank said.

The Washington, US-based institution also revealed that over two years, an increase in food prices accounted for about 70 percent of the annual increase in the rate of inflation.

He also said that inflationary pressures were triggered by multiple demand and supply shocks.

The document said in part: “Inflationary pressures are generated by multiple demand and supply shocks. Supply shocks resulting from the disruption of supply chains linked to COVID-19 and associated containment measures have eased, but security concerns, border closures and limited access to markets continue to fuel inflation.

“The current mix of monetary, fiscal, exchange rate and trade policies is also playing a major role in driving inflation. Trade and exchange restrictions, including the closure of land borders from August 2019, have pushed up food and consumer prices, and imports of more than 40 items, including many staple foods, have been reduced. are currently not eligible for foreign exchange through formal ATMs.

“The management of Nigeria’s exchange rate has resulted in the rise of parallel rates, which are closely related to the dynamics of food prices. Unable to access currencies through the official exchange rate window, businesses search for currencies in the parallel market and other alternative sources.

“The parallel rate influences their business decisions, and fluctuations in the parallel rate affect the market prices of goods and services. In addition, monetary policy has not prioritized controlling inflation, and monetary financing of the budget deficit undermines the effectiveness of policies aimed at containing inflationary pressures on the demand side.

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Mari Petroleum removed from privatization list – Journal https://sharewared.com/mari-petroleum-removed-from-privatization-list-journal/ Sat, 01 Jan 2022 02:02:21 +0000 https://sharewared.com/mari-petroleum-removed-from-privatization-list-journal/ ISLAMABAD: Postponing plans to sell the government’s stake, the Cabinet Committee on Privatization (CCoP) on Friday withdrew Mari Petroleum Company Ltd from the ongoing privatization program. A committee meeting, chaired by Minister of Finance Shaukat Tarin, also discussed the proposal submitted by the Privatization Division for debt recapitalization and refinancing of excess GoP equity and […]]]>

ISLAMABAD: Postponing plans to sell the government’s stake, the Cabinet Committee on Privatization (CCoP) on Friday withdrew Mari Petroleum Company Ltd from the ongoing privatization program.

A committee meeting, chaired by Minister of Finance Shaukat Tarin, also discussed the proposal submitted by the Privatization Division for debt recapitalization and refinancing of excess GoP equity and loan from Pakistan Development Fund Ltd. (PDFL) through commercial loans from National Power Park Management Company Ltd. (NPPMCL).

The committee approved the proposals that the NPPMCL will initiate a process of recapitalization and debt refinancing in accordance with the Companies Act 2017 and all GoP stakeholders to jointly support the NPPMCL in the implementation and execution of the debt recapitalization and refinancing process with local banks. The meeting also ordered to revise Kibor’s interest rate plus 1.80 percent by tender.

The meeting also discussed a summary proposed by the Ministry of Energy for the privatization of the power plants of Guddu and Nandipur and aimed at preparing a roadmap for the valuation of assets and the modus operandi for the transfer of power. ‘assets.

The CCoP discussed the delisting of SME Bank Ltd from the active privatization program. The meeting, after detailed discussion, formed a committee chaired by the Minister of Finance and representatives from SBP, SECP, Finance Division and Privatization Division to assess alternative options for going further.

Minister of Privatization Muhammadmian Soomro, Minister of Energy Hammad Azhar, Secretary of Finance Division, Secretary of Privatization Commission, Secretary of Petroleum Division and others attended the meeting.

Posted in Dawn, January 1, 2022


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The hype and irrationality behind Italian calciomercato https://sharewared.com/the-hype-and-irrationality-behind-italian-calciomercato/ Thu, 30 Dec 2021 14:00:03 +0000 https://sharewared.com/the-hype-and-irrationality-behind-italian-calciomercato/ TURIN, ITALY – JULY 16: Juventus new signing Cristiano Ronaldo arrives at J Medical on July 16 … [+] 2018 in Turin, Italy. (Photo by Daniele Badolato – Juventus FC / Juventus FC via Getty Images) Juventus FC via Getty Images Serie A is set to open its winter transfer window, on Monday January 3, […]]]>

Serie A is set to open its winter transfer window, on Monday January 3, 2022 marking the start of a month of intense negotiations between clubs and agents, unexpected player movements and sensational transfer rumors.

Gianluca Di Marzio, 47 years old Sport Sky journalist and one of Italy’s most trusted transfer market experts, helped me unbox what happens during the vibrant Serie A days calciomercato.

An exciting and unpredictable spectacle

The Italian transfer market scene is heavily characterized by instinct and impulsiveness rather than careful assessment, said Di Marzio, whose daily transfer updates are read by 1.4 million football fans on Twitter.

While Italian teams have ample time to negotiate deals during a transfer window, it is very common for club officers to wait for the approach of the calciomercato delay before making an official offer for a player.

“The paradox, which only occurs in Italy, is that there are transactions which are concluded on the last day of transfer and which are also born on the last day of transfer,” said Di Marzio.

It may seem odd that clubs often choose to procrastinate when they have several weeks to schedule a transfer based on their needs and financial resources.

This apparently irrational strategy is bearing fruit, however, because the clubs know very well how to synchronize their movements: by offering transfer offers close to the calciomercato deadline, they are putting a lot of pressure on clubs receiving such offers, especially if they have tried to remove players from their roster.

In addition, this strategy helps to create a mixture of mystery and allure in the football audience, said Di Marzio, so much so that the “transfer market becomes a spectacle” in which people get emotionally attached to it. story of a particular player or player. club.

One of the most iconic last minutes calciomercato is the one who, in 2008, brought Argentina striker Diego Milito from Real Zaragoza from La Liga to Genoa in Serie A. Seconds after the 7 p.m. deadline, football agent Federico Pastorello was filmed as ‘he reached the wall of the Lega Serie A to throw the envelope containing the signed contract of Milito to the leaders of the league.

This unprecedented move ultimately shaped the future of Italian football: the following season, Milito joined José Mourinho’s Inter Milan, where he established himself as the team’s top scorer and led his team to the prestigious treble, something that had never been achieved before by an Italian club.

Logically, last minute deals sometimes fail due to the many clauses that must be worked out in a player’s contract, such as salary, image rights, signing and performance bonuses, and commissions. agent. In fact, a player’s contract can even be 100 pages long, in which case it becomes impossible for clubs to agree within hours or even days.

The growing presence of US ownership in Italian football (the number now stands at 11 in Italy’s three professional men’s leagues) is slowly changing the way clubs approach transfer deals, says Di Marzio.

Whereas American homeowners tend to be more financially disciplined, Di Marzio believes Italy calciomercato is intended to move towards a more analytical approach to buying and selling players, as it will gradually abandon its instinctive nature and switch to a more rigorous modus operandi.

Current trends in the transfer market in Italy

The many financial challenges affecting European football put Italian clubs under extreme pressure. It is no coincidence that some of Serie A’s wealthiest clubs like Juventus and Inter have reported record losses during the pandemic, while other teams like Spezia and Genoa have sold stakes to investors. foreigners.

Because cash scarcity is a common theme for all Italian clubs, Serie A sides will have limited purchasing power in the next transfer window.

“It is now very difficult to see permanent transfer operations,” said Di Marzio. “The tendency is to make loans.

Loans can come in a variety of formats, and some of the more economical loans are option or obligation to purchase loans. This means that a club gets a player on loan for free or by paying a small fee. Then, at the end of the loan term, the borrowing club will either pay the full transfer fee from the player to the lender club or return it. Such formats make it easier for players to travel as they allow the borrowing club not to incur large transfer fees at times when it may not have available money.

Manuel Locatelli, a UEFA Euro 2020 winner with Italy, is the example of a player who has recently been loaned from one Serie A club to another.

Last summer, Sassuolo, who owned the rights to Locatelli, loaned the 23-year-old Italy international to Juventus with a purchase obligation. Juventus, who signed Locatelli on a five-year contract, will pay Sassuolo € 35m ($ 39.6m) in 2023 for the player’s permanent transfer. Sassuolo, Di Marzio stressed, has agreed to such conditions to address Juventus’ current cash shortage.

The financial consequences of the pandemic will loom at least over the next two Serie A transfer windows, according to Di Marzio. Since even the best clubs currently have limited purchasing power and the rise of the Omicron variant has reduced the capacity of football stadiums from 75% to 50%, athletic directors will have to work with tight budgets as a result. that they try to strengthen the roster of second part of the 2021/22 season of Serie A.

A typical day of Calciomercato

At the time of the transfer market, the city of Milan becomes the meeting point for Italian sports directors and agents.

“Milan is the hub of calciomercato“said Di Marzio.

If Covid-19 allows, Italian club leaders prefer to conduct face-to-face negotiations during transfer market season. This is why, on a typical transfer market day, Di Marzio and his associates spend time in the few hotels and restaurants where players’ agents and sports directors usually meet: it is in these informal settings. that most deals are done.

“We are discovering a lot of player negotiations in person,” said Di Marzio, who describes himself as a “private investigator” looking for new transfer leads. “It’s because we see them (club officers and officers) meet up, maybe at the table or when sharing a cup of coffee.”

This year’s winter transfer window will last four weeks as Serie A open its calciomercato doors on January 3 and close them on January 31, 2022.

The deadline, which represents the last opportunity for clubs to forward their transfer requests to the league, is historically the most closely watched moment of the Italian transfer market session.

On this day, Lega Serie A executives, player agents and sports journalists will all meet at a business hotel in Milan, where they will attend calciomercato craze runs its exciting and unpredictable course.


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Indiana Jones’ most ridiculous scams that actually happened https://sharewared.com/indiana-jones-most-ridiculous-scams-that-actually-happened/ Tue, 28 Dec 2021 19:36:00 +0000 https://sharewared.com/indiana-jones-most-ridiculous-scams-that-actually-happened/ Going through a “Raiders” scam checklist, “Snakes Valley” ticks all the boxes. Lost artifact? Check (a vase stolen from a monastery in Vietnam). Hidden treasure? Check (a map inside the vase that leads to a distant grave). Perilous journey? Sure (lots and lots of snakes, of course, but also rickety monkey bridges and general tropical […]]]>

Going through a “Raiders” scam checklist, “Snakes Valley” ticks all the boxes. Lost artifact? Check (a vase stolen from a monastery in Vietnam). Hidden treasure? Check (a map inside the vase that leads to a distant grave). Perilous journey? Sure (lots and lots of snakes, of course, but also rickety monkey bridges and general tropical danger). Bad guys? A few (industrial spies). And, more importantly, a glove of deadly traps and threats en route to the treasure?

Well, there are stone idols that laser fire heroes Krzysztof Kolberger and Roman Wilhelmi, the room filled with the aforementioned snakes, a guardian monster (played by a very wobbly rod puppet), Buddhist monks with stars. who throw stars and a dead alien at the end of the whole adventure. There is also an exhausting amount of jungle trekking scenes, made exponentially more delusional by the grossly inappropriate attire of lead woman Ewa Salacka.

Director Marek Piestrak – a ex-intern for Roman Polanski before directing several timeless adventures like “The Wolf” – makes excellent use of filming in France and Vietnam, and displays a fun and irresistible attitude towards action and special effects that takes a lot more budget and expertise that this image cannot afford. Long inaccessible to the Western public, “Curse of Snakes Valley” has, in recent years, made the tour of various parties.


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Decline in purchasing power in October 2021 https://sharewared.com/decline-in-purchasing-power-in-october-2021/ Sat, 25 Dec 2021 00:59:37 +0000 https://sharewared.com/decline-in-purchasing-power-in-october-2021/ ISLAMABAD: The Purchasing Power Index (PRI) continued its downward trajectory in Pakistan, reaching its lowest in October 2021, dropping from the benchmark of 85.6 in November 2020 to 79 in October 2021. In January 2021, this PRI benchmark saw an improvement when it stood at 86.4, but in the months to come it continued to […]]]>

ISLAMABAD: The Purchasing Power Index (PRI) continued its downward trajectory in Pakistan, reaching its lowest in October 2021, dropping from the benchmark of 85.6 in November 2020 to 79 in October 2021.

In January 2021, this PRI benchmark saw an improvement when it stood at 86.4, but in the months to come it continued to show declining trends until October 2021, when it hit the lowest at 79.

Year-on-year inflation reached 9.2% in October 2021, while month-on-month inflation stood at 1.9%, representing a significant increase in prices and a fall in purchasing power. at the lowest of the period. This inflationary pressure is due to a large gap between supply and demand and to the rise in energy prices induced by the surge in international oil prices.

However, Pakistan’s prosperity index has maintained its upward trajectory and reached a record high of 142 in October 2021, following a decline in July 2021. This figure signals an improvement in economic prosperity following a slight increase in the production of the manufacturing sector, better access to credit for the private sector and trade of the country emanating from the increase in domestic demand.

Between November 2020 and October 2021, economic prosperity improved by 1.5%, according to the latest report from PRIME, Pakistan Prosperity Index. The overall improvement in the country’s economic performance can be attributed to higher business activity due to growing domestic and international demand for goods and services, reduced supply chain distortions and a return to normal.

Trade volume increased by 538 billion rupees year-on-year and 3.8 billion rupees month-on-month due to increased domestic and international demand. In MoM trade growth, exports saw an increase of Rs 19 billion, while imports saw a decline of Rs 15 billion in October 2021.

The prevailing high levels of inflation are due to the increase in the gap between supply and demand resulting from monetary expansion achieved through commercial banks’ investments in government securities, increased remittances, declining productivity and skyrocketing oil prices.

Economic prosperity as measured by Pakistan’s Prosperity Index improved in October 2021 due to increased private sector borrowing, volume of trade and increased output of the manufacturing sector. In contrast, purchasing power continues to decline and reached its lowest level during the period under review. Inflation remains unchanged and seriously threatens economic prosperity. Supply-side issues associated with declining productivity and over-regulation should be addressed to allow innovation and efficiency to ease inflationary pressures.

The devaluation of the currency and rising international oil prices could contribute to the economic slowdown if not moderated, according to the report.

Large-scale production (LSM) posted a growth of 1.9% month-on-month and a decline of 1.2% year-on-year. The slowdown in manufacturing activities on an annual basis is due to a significant increase in energy and input prices, while the monthly increase is associated with growing demand.

The automotive industry maintains a leading position with growth of 1.2 percent, while the textile and food industries, with weight of 21 percent and 12 percent, posted growth of 0.1 percent and 0.4 percent, respectively.

Private sector borrowing from banks has followed an upward trajectory with an increase of 197 billion rupees year-on-year and 19 billion rupees month-on-month. Borrowing continues to increase despite a slight 25 basis point increase in the key rate and indications of a further increase in the coming months. However, borrowing is expected to slow after the recent policy rate hikes.

While the economic performance is encouraging, caution is in order given the current challenges. The growing current account deficit resulting from a significant increase in international commodity and energy prices and the resulting hike in the key rate would contribute to the country’s economic slowdown. It is a major factor in the annual decline in production in the manufacturing sector.

Soaring world energy prices translate into domestic inflation thus reducing the purchasing power / real incomes of citizens and hampering economic activity. Instead of relying on administrative measures to control prices, it is imperative to tackle supply-side bottlenecks such as declining productivity and disrupted energy supply. to reduce inflation, especially food inflation, which is the main cause of the rise in headline inflation in the economy.

The overall economic outlook, as measured by the PPI, shows improvement and supports the government’s growth targets. Supply-side shocks call for more liberal trade measures and the elimination of state intervention in the market. In addition, careful economic planning is needed to reduce the budget deficit.

The PRIME Institute publishes a monthly PPI report with a two-month lag due to the availability of data, which includes trade volume, private sector loans, purchasing power, and manufacturing production indices.


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Nordic energy giant shows how a carbon shift is happening https://sharewared.com/nordic-energy-giant-shows-how-a-carbon-shift-is-happening/ Thu, 23 Dec 2021 09:36:08 +0000 https://sharewared.com/nordic-energy-giant-shows-how-a-carbon-shift-is-happening/ The first and biggest step in slowing climate change is to replace power generation from coal and gas with wind and sun. It needs to happen quickly, with the coal phased out by 2030 at the latest and gas not far behind. Once this biggest source of carbon emissions is green, the second, transport, can […]]]>

The first and biggest step in slowing climate change is to replace power generation from coal and gas with wind and sun. It needs to happen quickly, with the coal phased out by 2030 at the latest and gas not far behind. Once this biggest source of carbon emissions is green, the second, transport, can harness renewable energy through electric vehicles.

The shift to renewables may seem like a sisyphus, as coal consumption continues to rise in major carbon emitting countries including China and India. One of the main reasons for this trend is that electric utilities do not require failover. In fact, many are still adding coal alongside renewables.

But this transition can be completed, even within a decade, as the Danish company Ørsted A / S has demonstrated. In 10 years, Ørsted has gone from a conventional energy company relying on fossil fuels for 85% of its revenues to a renewable power plant, with 85% of its revenues coming from non-fossil sources. The Danish energy utility is the world leader in the development and operation of offshore wind farms, contracting a third of the world’s offshore wind power. The company registered profits $ 2.74 billion in 2020, with many new projects in the works over the next decade, including major developments in solar power, onshore wind and green hydrogen.

“I don’t think anybody thought we were going to turn our generational mix upside down in just 10 years,” said Martin Neubert, Ørsted commercial director and group deputy managing director. McKinsey sustainability in a recent interview.

And the company continues to go further. According to a recent analysis by Fitch, Ørsted devotes 75 to 85% of its CaPex to renewable energy projects and the rest to “markets and bioenergy”.

As the United States begins to authorize its first offshore wind farms, most contracts are awarded to the Danish renewable energy pioneer.

The path to renewable energies

How did a small Nordic oil and gas utility get to this point? And can its transformation offer any lessons for today’s fossil-dependent laggards?

Critical elements were a government policy of supporting the house, a laser focus not only on renewable energy, but on the only renewable niche where its advantage lay, a little luck at the beginning and a financing innovation that energized its transition. once in progress.

As the oil crises of the 1970s shattered perceptions of energy security, countries invested frantically in national research and development initiatives. France has built nuclear power. Iceland has exploited geothermal energy. The United States finally found hydraulic fracturing. Denmark has turned to offshore wind power.

Critical elements were a government policy of supporting the house, a laser focus not only on renewable energy, but on the only renewable niche where its advantage lay, a little luck at the beginning and a financing innovation that energized its transition. once in progress.

Yet despite years of R&D and government subsidies, Danish wind power only became commercially viable in 1991, when the country introduced a feed-in tariff, a subsidy that guarantees a long-term fixed price for wind turbines. renewable power plants. A carbon tax followed the following year, helping wind power become competitive with fossil fuels.

Even in the 2000s, Denmark remained dependent on its successful offshore oil and gas reserves. Ørsted, then named DONG (short for Danish Oil Natural Gas), was an energy utility like any other, dependent on fossil fuels. Even today, the company’s state-of-the-art offshore wind farm for green hydrogen facilities receive a $ 5 million grant from the Danish Energy Agency.

Ørsted is a lawyer a strong government policy promoting private investment in decarbonization.

In 2006, after DONG made six acquisitions, three of which were offshore wind facilities, the utility began to portray itself as a game changer in green energy. Initially, the firm drew fire for “greenwashing”, because it was also developing and operating coal-fired power stations across Europe, according to Monthly wind energy.

In the first decade of the 2000s, a change in energy policy was clearly in the air. Ørsted was at the forefront of this change when Denmark hosted the 2009 COP15 climate summit in Copenhagen, which focused on a global renewable energy agenda. Although the conference was heated and a mixed success at best, the EU pledged to cut emissions by 20% over the decade, suggesting a huge opportunity for companies in the renewable energy sector. The UK in particular has stepped up support for offshore wind projects, making them financially viable for the first time. Ørsted was in a good position – and set off for the races.

As CEO Neubert says, the transition has not been easy. Although the utility had a few important projects, the expansion of its wind facility required new alliances. Ørsted partnered with Siemens AG to produce the wind turbines. It acquired A2SEA for boats used to transport and deploy wind turbines on a large scale.

Installed capacity (Climate and Capital Media)

To raise funds for the expansion, rather than borrowing, Ørsted sold large chunks of existing projects and used the proceeds to finance the construction of new wind farms. In the beginning, the buyers were risk-conscious global investment banks. But as the model turned out, more conservative investors with even deeper pockets jumped on the water.

Bloomberg New Energy Finance describes this “farm down” approach – as “utilities selling stakes in green energy assets to institutional investors looking for a stable long-term return”.

Bold moves, backed by a vision, have shown that decarbonization can be good business. As the oil and gas markets have been stretched and squeezed by volatility, Ørsted has proven that wind, especially offshore, is an increasingly cheap and stable alternative.


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