Goldilocks’ Comments and Global Economic News Tuesday Evening 12-12-23
Good evening
HSBC is pioneering trade solutions in cross-border international trading.
Their current focus is on Bank Guarantees. This allows you to make a foreign currency exchange within minutes through a bank guarantee. A bank guarantee secures payment security on both sides of a trade allowing you to do it quickly, even though, it may take days to completely clear inside the banking system. Agreements between two banking entities allow this process to take place through a bank guarantee.
© Goldilocks
FF News Link
Banco Santander Link
Private Banking HSBC Link
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$2 trillion Saudi Aramco mulls partnership with Japan’s crypto group SBI
With the signing of a basic agreement for a business partnership with Saudi Aramco (SAOC), Japanese cryptocurrency financial group SBI Holdings has announced it is considering a partnership with Saudi Arabia’s state-owned oil company.
Indeed, this partnership envisions the joint development of projects such as the construction of semiconductor factories on territories of both Japan and Saudi Arabia, as well as co-investing in each other’s digital asset portfolios, according to a report published on December 11.
Specifically, the collaboration would take place in three areas – cooperation and mutual investments in the cryptocurrency field, discovery and support of Japanese crypto startups interested in expanding to Saudi Arabia, and launch of projects related to semiconductors, such as establishing factories in both countries.
As it happens, SBI has been actively pursuing initiatives in the Middle East, particularly regarding the establishment of investment funds in partnership with local partners. To this end, it also plans the introduction of ‘SBI Middle East’ in Riyadh, which would help promote Japanese crypto startups in Saudi Arabia.
https://finbold.com/2-trillion-saudi-aramco-mulls-partnership-with-japans-crypto-group-sbi/6
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“BIS gold swaps rose 47% to 100 tonnes in November”
“BIS refuses to explain its activities in the gold market, nor for whom the bank is acting. The BIS has almost certainly acted on behalf of central banks, as they are the BIS’ owners.”
We are not getting much information about why this is happening. It is in fact a lot of gold swapping of course to be for no reason.
It could be for gold or currency intervention purposes. Currency interventions is definitely a possibility as we enter into the new year, or more gold could be needed to facilitate a backing for banks going forward under New Capital Requirements under Basel 3 taking place in the middle of January 2024.
Time will tell.
© Goldilocks
https://goldseek.com/article/bis-gold-swaps-rose-47-100-tonnes-november
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BREAKING NEWS IRAQ SAYS CIA SENT WARNING RE: Safety of Troops
https://youtu.be/wbGIjrZsRMg?feature=shared
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Sharp Fed Liquidity Drain Hints at Early End for Balance Sheet Runoff
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Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. Swift Link
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JPMorgan Onyx Technology: Revolutionizing DEFI Blockchain
https://www.newstrail.com/jpmorgan-onyx-technology-defi-blockchain-reboot/
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Ripple Revolutionizes Cross-Border Payments with Massive XRP Upgrade to Conquer Trillion-Dollar Markets CryptoNewsFlash Link
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JUST IN – El Salvador to issue bitcoin bonds in first quarter of 2024
READ: https://insiderpaper.com/el-salvador-to-issue-bitcoin-bonds-in-first-quarter-of-2024/
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World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador
Bitcoin (BTC) Bonds in El Salvador Swing Closer to Reality as Price Targets $45,000
Coin Desk LInk
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SEC Cybersecurity Breach Rule: What it Means for MSSPs MSSP Alert Link
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Supply And Demand In Currency Markets Forbes Link
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BREAKING: The U.S. budget deficit widens to $314 billion in November. Well above forecast, and up from $249 Billion the same month a year ago.
GM
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JUST IN: 🇺🇸 SEC holds a meeting with BlackRock to discuss its Spot Bitcoin ETF. @WatcherGuru
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“Oil inventories fall by 2.3M barrels last week: API” Investing Link
