#$5.7Billion

[freenewstoday]

New Post has been published on https://freenews.today/2021/02/15/here-we-go-bank-of-england-prepares-first-clear-break-from-brussels-eu-rules-torn-apart/

Here we go! Bank of England prepares first clear break from Brussels – EU rules torn apart

Regulators have outlined proposals to diverge from the European Union’s rules regarding how firms’ capital levels are measured. The European Banking Authority made the decision to enable lenders to count investments in software towards core capital levels. As of last year, those transactions could be added towards loss-absorbent capital – an international standard intended to ensure banks have enough equity and manageable debt.

Following a meeting on Friday, the Bank of England (BoE) Prudential Regulation Authority said it found “no credible evidence that software assets can absorb losses effectively in stress”.

BoE governor Andrew Bailey suggested the UK would move away from the existing rules during a speech last Wednesday.

He insisted the current EU policy gave a “false picture of a bank’s loss-absorbing capacity”.

A source told the Financial Times: “It is staggeringly improbable when a bank gets into difficulty that those investments will have a realisable value.

“The banks were lobbying them on this, arguing they needed to be liberated to invest in IT, defend themselves from fintechs and compete with big tech and American banks.

“It convinced the European political machine, but not us.”

The proposals would make the UK’s banking rules one of the toughest in the world.

It could also have a knock-on effect on the amount British banks can pay out in dividends.

The shift away from EU rules comes amid a row over wider financial regulations between the UK and Brussels.

The European Union has refused to grant equivalence to the City of London following the end of the Brexit transition period in January.

The lack of an agreement for City traders means US banks wanting to buy European stocks are would no longer be able to trade via London.

An estimated £5.7billion worth of deals shifted overnight to the EU – including additional fees.

READ MORE: Brexit LIVE: MEPs could demand last-minute change to UK deal

He added: “I’m afraid a world in which the EU dictates and determines which rules and standards we have in the UK isn’t going to work.”

The UK and Brussels are currently working towards a March deadline to finalise an agreement.

EU Financial Services Commissioner Mairead McGuinness, said: “While the issue of equivalence is an area which we will discuss with the United Kingdom progressively, taking into account the UK’s regulatory intentions on a case by case basis, there cannot be equivalence and wide divergence.”

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[dailydigitalnewsnetwork-blog]

You think by now that President Donald Trump would resist from telling ‘alternative facts’ yes you read that correctly! But the president and his team seem complete against telling lies and once again Donald Trump was up to his old tricks during his Oval Office address to the nation, trying to persuade the right American public that paying $5.7billion for a border wall between the US and Mexico is the right thing to do

[helloluckybouquetbearus]

Top Tory Jacob Rees-Mogg could make a mint out of the coronavirus crisis financial chaos.  The rich politician owns a share in a firm which is buying into businesses where valuations have fallen due to the crisis - but are expected to bounce back once things are back to normal.  As millions suffer financial woes, Rees-Mogg's Somerset Capital Management is touting potential gains of 500 per cent.  The MP owns at least 15 per cent of SCM which is investing in businesses hit by falling share values.   SCM says investors have a “once in a generation” chance of “super normal returns”, the Mirror reports. Read More Related Articles Read More Related Articles  Mr Rees-Mogg stood down as a director of SCM to become Leader of the House of Commons. SCM said it was focusing on clients’ long-term security.  It came as the UK death toll rose by a record 708 – including a boy aged five.  As millions face financial misery, SCM managers are buying into businesses where valuations have tumbled – but should bounce back. Potential gains of 500 per cent are touted. Read More Related Articles  Investments so far include private hospitals in Brazil, pharmacies in South Africa and a firm behind a scanning device which checks if people are wearing masks in China.  The revelation was greeted with dismay by new Labour leader Sir Keir Starmer, who said: “Nobody should be seeking to take advantage of this crisis.  "We should all be asking ourselves what we can do for our country and each other.”  Shadow Chancellor John McDonnell added: “This is about as sick as it comes. Profit seeking from suffering is nearly as low as you can get. When we come through this we need a tax on profiteers.”  SCM’s strategy comes amid a crisis that has killed 63,899 globally, while a further 1,118,499 are infected. The UK death toll yesterday rose 708 to 4,313. Some 41,903 have tested positive.  While the economic impact has seen almost a million Brits sign up for Universal Credit, finance houses have been quick to move.  Mr Rees-Mogg, 50, stood down as a director of SCM so he could become Leader of the Commons last July. But he owns at least 15 per cent, meaning he was entitled to a reported £1million share of last year’s £19.5million profits.  Father-of-six Mr Rees-Mogg, who lives in a mansion in Somerset, is reportedly worth more than £100million. That could rise if a plan by SCM’s Emerging Markets Discovery Fund pays off.  Fund boss Mark Asquith said in promotional material that investors could capitalise on smaller companies in particular, with prices down up to 50 per cent.  He wrote: “History has shown us that super normal returns can be made during this type of environment.  "Market dislocations of this magnitude happen rarely, perhaps once or twice in a generation, and have historically provided excellent entry points for investors.”  Mr Asquith cited 500 per cent profits made after the 2008 crisis and suggested “we could see similar moves”. SCM, which has a £5.7billion po by China Town TV

[afriupdatenews]

Federal Government hopeful of $5.7 billion investment from marginal fields

Federal Government hopeful of $5.7 billion investment from marginal fields

An oil block. PHOTO: FEMI ADEBESIN-KUTI

If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered to investors, it might be able to attract about $5.7billion into the economy.

Although the Department of Petroleum Resources (DPR) did not put a specific cost to each oilfield, the regulator however said the fields have lower cost of investment of…

[sandlerresearch]

Hong Kong Telecom Operators Country Intelligence Report published on

http://www.sandlerresearch.org/hong-kong-telecom-operators-country-intelligence-report.html

Hong Kong Telecom Operators Country Intelligence Report

Hong Kong Telecom Operators Country Intelligence Report

Summary

Hong Kong’s total service revenue will reach US$5.7billion by 2024, driven by revenue growth in mobile data and fixed broadband segments. Mobile data will be the largest revenue-contributing segment in 2019. Also, mobile data revenue will expand at the fastest CAGR of 5.4% over 2019-2024, supported by growing M2M subscriptions, rising mobile data consumption, increasing adoption of 4G services until 2021 and thereafter projected growth in 5G subscriptions. Going forward, Hong Kong’s pay-TV market will decrease at a CAGR of 0.8% due to increasing substitution of pay-TV with SVoD services by customers and heavy subscription losses in cable segment.

“Hong Kong Telecom Operators Country Intelligence Report,” a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Hong Kong today, with detailed forecasts of key indicators up to 2024. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV markets, as well as a review of key regulatory trends.

The Country Intelligence Report provides in-depth analysis of the following – – Demographic and macroeconomic context in Hong Kong. – The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation, etc. – Telecom and pay-TV services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data, and pay-TV markets. – The competitive landscape: an examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments. – Company snapshots: analysis of the financial position of leading service providers in the telecommunications and pay-TV markets. – Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Scope

– The overall telecom and pay-TV services revenue in Hong Kong will grow at a CAGR of 0.8% during 2019-2024. – Mobile data revenue will account for the majority of the total telecom and pay-TV services revenue through 2024, due to growing M2M subscriptions, rising mobile data consumption, increasing adoption of 4G services until 2021 and thereafter projected growth in 5G subscriptions. – PCCW leads Hong Kong’s mobile market in terms of mobile subscriptions with 30.2% share for 2019, supported by its strong hold in postpaid segment, growth in its M2M subscriptions and 5G technology investments.

Reasons to buy

– This Country Intelligence Report offers a thorough, forward-looking analysis of Hong Kong’s telecommunications markets, service providers and key opportunities in a concise format to help executives build proactive and profitable growth strategies. – Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in Hong Kong’s mobile communications, fixed telephony, broadband markets, including the evolution of service provider market shares. – With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality. – The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Hong Kong’s telecommunications markets. – The broad perspective of the report coupled with comprehensive, actionable detail will help operators, equipment vendors and other telecom industry players succeed in the challenging telecommunications market in Hong Kong.

[meanwebhost]

If Donald Trump Wants To Call A National Emergency Over His Wall, Here's Why Republicans Shouldn't Support Him

If Donald Trump Wants To Call A National Emergency Over His Wall, Here’s Why Republicans Shouldn’t Support Him

Donald Trump may well decide to declare a national emergency to build a $5.7billion US-Mexico border wall. Indeed, given the undesirability of both alternatives — another government shutdown or backing down from his marquis pledge to voters — perhaps the only way Trump won’t go down this path is if congressional Republicans refuse to support his political adventures. 

According to analysis by…

[racketnews]

Scott Adams: The New Border Offer and the Awesome Native American Dude

CNN reports MAGA hat teenager getting into shouting match CNN doesn’t report that an adult saw and defused it This is a hero story, that guy is awesome President Trump at the new citizen event Genuine affection, a “welcome to the team” message, visuals President Trump added variables to shutdown/wall funding He stayed firm on what he needs…5.7Billion The possible variables he added are to open discussions Comments at: https://twitter.com/ScottAdamsSays/status/1086775663237820417 http://dlvr.it/Qx6Pvm

[lottiegulley-blog]

See Some Footage Below

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There are a number of other explanation why Ripple’s XRP cryptocurrency ought to be intently watched for indications that it'll be an enormous winner in the long term. However before I explain why I think this, I need to step back a bit and describe my hen's eye view of what is occurring in this area. It’s been robust, and gold and silver bugs could also be feeling a bit low this holiday season. For thousands of years, all civilizations have valued gold and the historic Egyptians are one society that readily comes to mind. You might have nobody to blame but yourself. It brings delight and honor to finish one set of collection. Set rules so that you threat only 2% (or 5%, or 10%, or more relying in your risk appetite) of your portfolio in a single trade. $8billion (£5.7billion) greater than its lowest point yesterday. But at some point you have to realise you might have to compete in your prime dog spot.

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[nigeriaviralnews]

Federal Government approves $5.7billion for construction of 3,050megawatts Mambilla electricity project in Taraba http://fornaija.tk/federal-government-approves-5-7billion-for-construction-of-3050megawatts-mambilla-electricity-project-in-taraba/