Monday, March 28, 2016

Economic News , Data & Views ( March 28 , 2016 ) Overview ( 1.China In Focus - Special Situations , Financial Sphere Troubles & Games , Microsoft Made Special Gov't Approved Version Of Windows Ten For China ! 2. Items From Land Of The Rising Sun - Japanese Retail Sales Fall 2.3% M/M - Most Since 2010. Japan Feb Labor Force Participation rate 59.3%, vs Jan 59.7%, Number employed decreases by 580K 3. Fog Of War - Brussels Attacks: 'Fight The Westerners' Text Sent To Youths In Molenbeek. CIA-Backed Rebels Now At War With Pentagon-Armed Fighters In Syria's Aleppo. 4. Soft US Data - Major Driver For US Markets , On Easter Monday. USD sell-off + several Q1 GDP downgrades across Street - As Per (Citi) Troubles in US Oil Patch Brewing Too. . 5. Saudi Arabia Continues To Feel Heat From Falling Oil Prices - Oil Revenue As % Of Total Revenue Continues To Fall Sharply. 6. Central Bank Policy Actions in March... Easing: ECB, Norway, Taiwan, Indonesia Tightening: Colombia, South Africa. 7. Libya In Focus . 8. Iraqi parliament gives Prime Minister al-Abadi three days to unveil new cabinet. 9. Syria Items De Jour. 10. Rousseff Impeachment Looming ? )


Overview......








Today in tales of circumventing China's capital controls- swiping credit cards 800x to buy $3.6M worth of insurance.






Microsoft built a special mainland government-approved version of Windows 10 for China !!??







China Yurun Food 1068.hk subsidiary company Nanjing Yurun in default risk








Dongbei Special Steel fails to pay $131m, four days after former chairman was found hanged in his home








And it continues...



















JAPAN FEB. RETAIL SALES FALL 2.3% M/M








Japan Feb Labor Force Participation rate 59.3%, vs Jan 59.7%, Number employed decreases by 580K



















Full Metal Retard Part Deux: CIA-Backed Rebels Now At War With Pentagon-Armed Fighters In Syria's Aleppo










Soft US data was key influencer of the day, prompting USD sell-off + several Q1 GDP downgrades across Street. (Citi)













Saudis To "Modernize" Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace








Saudi Arabia loses market share to rivals in key nations.








Maxed Out










Maxed out in a few days








Energy sector poll respondents expect 38% cut in borrowing base in spring redetermination: Haynes & Boone poll










Spring redetermination on deck









Central Bank Policy Actions in March... Easing: ECB, Norway, Taiwan, Indonesia Tightening: Colombia, South Africa







Libya......







If accurate , getting into Tripoli and functioning within Tripoli , not going to be easy for the GNA.








- Heavy shootings & Anti Aircrafts can be heard once again in



















PHOTO: Multiple fires burning in Tripoli, as rival militias battle in the city. -







Dubai.....






Massive fire gutted residential towers in the emirate of Ajman, north of Dubai, .













fire update: Happening now. A view of Tower 6






Iraq......







Fleeing civilians are crammed into a stadium as Iraqi forces battle IS near Mosul






Iraqi parliament gives Prime Minister al-Abadi three days to unveil new cabinet










Sunni parties either want to keep their ministries or only have partial cabinet change Kurds want 20% of new cabinet








Supreme Council although one of Abadi's main supporters only wants partial cabinet change








Maliki's bloc within State of Law want to bloc cabinet change to undermine Abadi






With exception of Sadr Iraq's ruling parties oppose PM Abadi's cabinet reshuffle







Syria.....






US support for PKK's Syrian wing risks Turkey-US relations - by | DS Column








Very good read.....









Hearing worrying reports that opposition forces in northern may be preparing to resume hostilities, after deciding will fail.







Kirby: the future of Assad is not settled yet. Kerry said the Russians not wedded to Assad. What they have routinely talked about 1/2








Kirby, cont'd: ...is making sure there is some governing infrastructure going forward, not that it has to be Assad. 2/2







Brazil.....






Brazil's ex-president, Lula da Silva, points finger at judge who is investigating him.










Brazil Party Set to Abandon Rousseff, Making Impeachment More Likely







Politicians voting to impeach Brazil's president are accused of more corruption than she is









Brazil's Rousseff faces threat of coalition implosion