25 SEPTEMBER 2016 • 1:54AM Britain, France, US seek urgent Security Council meeting on Syria Britain, France and the United States have requested an urgent UN Security Council meeting on the escalating campaign in Syria's second city of Aleppo, diplomats said Saturday. The meeting was likely to be held at 10 am (1400 GMT) on Sunday, the diplomats said. Intense air strikes toppled buildings and killed at least 45 civilians in Aleppo on Saturday, two days after the Syrian army announced an offensive to retake the rebel-held east of the city.
Washington, DC MONDAY, September 26, 2016 9:00 a.m. - 6 p.m. Please join us for The Silk Road Summit - 1st Annual Conference: Exploring Business, Trade & Investment The Eurasia Center & The Eurasian Business Coalition in cooperation with The Silk Road Nations and their Representatives (Europe & Asia) Present The Silk Road Summit - 1st Annual Conference: Exploring Business, Trade & Investment Opportunities on the New Silk Road With participation from representatives of U.S. Government Agencies and the U.S. Congress, Multilateral Development Banks, Corporations and Trade Associations, Policy Centers and Foundations
Opportunities on the New Silk Road. Multiple initiatives are now converging to galvanize unprecedented investment activity focused on the infrastructure and trade links between Asia and Europe (Eurasia). China has taken the initiative in capitalizing new development banks – the Asian Infrastructure Investment Bank and the New Silk Road Fund – designed to modernize and expand the ancient Silk Road transport web that linked East Asia with the Mediterranean. China’s “One Belt – One Road” concept projects massive infrastructure expansion – on both the traditional land routes plus the Indian Ocean “Maritime Silk Road.” This is not a one nation project but involves a synergy of nations throughout Europe and Asia. America and Europe’s involvement are a key factor in bringing great technological and corporate resources to help build and develop the new Eurasian Road. *CLICK HERE FOR MORE INFORMATION
September 23, 2016 Yuan Likely Stable to Prepare for a Smooth SDR Entry SNIP .."Main focuses for Yuan pairs are shifting back home. Over the past week, we have already seen major developments added to the momentum of Yuan’s rise as a global currency. China’s Central Bank designated Bank of China’s New York branch as Yuan’s clearing bank in the U.S. on September 21st and picked Industrial and Commercial Bank of China’s Moscow branch as Yuan’s clearing bank in Russia on September 23rd. The PBOC also approved the Yuan’s directly trading with Saudia Riyal and United Arab Emirates Dirham in China’s interbank market effective on September 26th.
September 23, 2016 US Clearing Center Is China's Latest Move to Make Yuan Global Currency China this week established the first clearing center for the Chinese yuan, or RMB, in the United States. The move is seen by some as a signal China wants to take on the dollar on its home turf. But there is more than a sense of bravado behind the decision. This is a crucial time for the RMB, which is struggling to stay on course while preparing to enter the coveted currency basket of International Monetary Fund's Special Drawing Rights (SDR) on October 1. In financial terms, there was no reason to establish an RMB clearing center as the U.S. market can easily be serviced through dedicated RMB centers in other parts of the world. "But it sends the signal that China wishes to enter the U.S. financial markets with RMB business to challenge the U.S. dollar on its home turf, so to speak," Jacob Kirkegaard, a senior fellow at the Washington-based Peterson Institute of International Economics told VOA. "As such, this is more a political signal than a financial necessity," he said. "This is because the RMB rate is an intensely political figure and essentially can be taken as a proxy for 'faith in the Chinese economy.' " *CLICK HERE FOR FULL ARTICLE
23 Sep 2016 Yuan inclusion in IMF currency basket is "important milestone", says fund
The inclusion of the yuan in the International Monetary Fund’s special currency basket is an “important milestone” in China’s financial integration, fund officials said yesterday. The nation’s currency, also known as the renminbi, will join the dollar, euro, yen and sterling in the IMF’s special drawing rights reserve currency basket in October, meaning it will be used for IMF loans and repayments.
GENEVA, SWITZERLAND - SIBOS CONFERENCE SEPTEMBER 26-29-2016
About the conference Transforming the Landscape The pace of change in the financial industry is rapid and with so many forces transforming the world in which banks and other financial service firms operate, the theme for the 2016 conference programme at Sibos in Geneva is “Transforming the landscape”. The conference will explore evolving payments and securities industry trends, the latest from the financial crime compliance world, innovation, opportunities and challenges in technology, disruptive competition and cultural shifts, as well as other hot topics impacting the financial landscape.
2016-09-23 China to launch yuan's direct trading with Saudi riyal, UAE dirham BEIJING, China announced on Friday it will launch direct trading of its currency yuan with the riyal of Saudi Arabia and the dirham of the United Arab Emirates, on its inter-bank foreign exchange market Monday. The move will bring the number of foreign currencies that are allowed direct trading with the yuan to 16, according to the China Foreign Exchange Trade System (CFETS).
Friday, September 23, 2016 Third Quarter Moon Phase: revise, realign, complete Moon in Cancer Aspect of the Aeon Sophia (Wisdom): Shodashi, Goddess Who Aligns With the Highest and Best, Goddess of Beauty Aspect of the Aeon Thelete (Will): Kathe, God of the South Skill: lighten up True Alignments: HUMOR, guidance for direction, actualizing potential, traversing, legacies, "souvenirs" (memories) of the journey of life, observation, a little wild, pioneering into "new territory," shielded and protected, constructive, cohesion, bridging a gap Catalysts for Change: feeling "in the weeds" or bogged down with tasks and responsibilities, losing perspective, craving support, foolish/playing or played the fool, desire to discontinue, unrealistic, gullible, not able to look away from something mesmerizing, having trouble getting to the other side of something (like a bridge is closed - try to go around) *CLICK HERE FOR FULL REPORT