We help you attain money growth through buying and selling international stocks, major currencies, indexes ... etc by the wealth of our market knowledge, trading skills, risk management.
“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some
Operating as usual
Always fascinated by space travel, later this month he aims to fly into space on the first crewed flight made by his company Blue Origin.
A petition to not allow him back to Earth has gathered nearly 150,000 signatures.
But like him or loathe him, Bezos has proved an extremely bright and able leader - someone who has changed the way companies around the world operate.
We're paid to wait ... 👌
Bitcoin Mining Comes to the Arctic Circle The Siberian city of Norilsk is best known as the home of mining giant MMC Norilsk Nickel PJSC. With a population of 180,000, it’s one of the biggest human settlements beyond the Polar Circle and only reachable by plane or boat. The city may soon be famous for a different type of mining though —...
Elon Musk's 6-Word Response to Being the World's Richest Man Is a Lesson in Emotional Intelligence With Tesla stock at over $880, Musk is now worth $195 billion. That's $10 billion more than Jeff Bezos
One of the most influential investor conferences every year, Delivering Alpha brings together the biggest asset managers and investors, plus influential poli...
The firm said in a note that this is the first time the market cap of the U.S. tech sector, at $9.1 trillion, exceeds Europe, which including the U.K. and Switzerland is now at $8.9 trillion. For reference, the firm said that in 2007, Europe was four times the size of U.S. technology stocks.
cnbc.com The U.S. tech sector now has a market cap of more than $9 trillion, making it more valuable than all European stocks, according to Bank of America.
China’s equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.
The speed of the past week’s gains in China is in many ways unseen since the stock bubble that burst five years ago. Monday’s surge alone added more than $460 billion to Chinese stock values, behind just one day in July 2015 as the biggest increase in shareholder wealth since the global financial crisis.
Amazon.com Inc. shares topped $3,000 for the first time, extending a rally that has left most Wall Street analysts in the dust.
Shares of the e-commerce giant climbed as much as 4% to $3,004.88 on Monday, bringing gains so far this year to 63%. The average price target on the stock is $2,810 and fewer than a quarter of the 50 or so analysts tracked by Bloomberg have a target above $3,000.
bloomberg.com Amazon.com Inc. rallied on Monday, with the stock extending a recent advance deeper into record territory and topping $3,000 for the first time.
Nathan Tankus, 28, hasn’t finished his bachelor’s degree at New York City’s John Jay College of Criminal Justice. He has, however, mastered enough knowledge of economics and finance to become a widely followed commentator on the Federal Reserve. A newsletter he launched this year has followers at the Fed, the Securities and Exchange Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury. He’s also followed on Twitter by journalists, economic think-tankers, and Wall Street economists.
Tankus built an online following slowly since around 2015, but it’s only in the past year that he’s broadened his audience with deep dives into monetary mechanics. In September he diagnosed the dislocations in the secured lending market that forced the Fed to resume buying Treasury bonds on a massive scale. This year he wrote a series of detailed posts called Notes on the Crises, which explained the Fed’s emergency actions to combat the Covid-19 recession. He made extensive use of T-accounts, a tool of accountants that places assets on the left and liabilities on the righ
bloomberg.com Subscribers to Nathan Tankus’s newsletter, Notes on the Crises, aren’t bothered by his lack of diplomas.
Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.
Elon Musk’s Tesla, now at $201 billion in market capitalization, is surging on the billionaire founder’s optimism that his company can avoid a second-quarter loss. Exxon, which dropped to $185 billion, is reeling from the worst crude-price crash in history. The largest oil company in the Western Hemisphere is preparing to cut some of its U.S. workforce.
Tesla also is on the verge of passing Toyota Motor Corp. to become the most valuable automaker in the world by market capitalization. The company topped Boeing Co. in March to become the most valuable industrial company in the U.S. and reached the No. 2 spot among automakers in January by passing Volkswagen AG.
bloomberg.com Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.
Briefly, the facts of this case before the Tax Appeals Tribunal concern a shareholder loan agreement of 7 years at an interest of 6.65% per year that ATC Uganda got from its parent company. The loan was worth $124,500,000. The shareholder agreement was structured in such a way that the interest on the shareholder loan would be added to the principal loan amount outstanding.
For over 54 months the accrued interest was added to the principal amount and for that entire time, ATC Uganda did not pay any withholding taxes to URA. URA thus issued an assessment of 24,232,558,369 to ATC Uganda as withholding tax on the purported accrued interest added to the principal amount in the period 2012 – 2017. ATC objected to the assessment.
In the determination of this case, an issue arose as to whether withholding tax is payable on the purported accrued interest which was added to the loan. Should it be charged at the point of accrual or remittance? The ruling indeed rightly cited Section 47 (1) and (2) of the income tax Act which when read as whole state that: “interest in the form of any discount, premium, or deferred interest shall be taken into account as it accrues.” However, Subsection (2) adds that where the interest referred to in Subsection (1) is subject to withholding tax, the interest shall be taken to be derived or incurred when paid.
The tribunal therefore agreed that such withholding taxes should be due on interest when paid and not when it accrues.
What I find particularly dangerous to the future of convertible notes in startup funding is the interpretation of the word “paid” by the tribunal. The tribunal states that the world has changed and payment is no longer restricted to the physical exchange of cash.
“A payment can be made conversion of debt into equity, a relief of a debt, or a swap of a debt with an obligation…..” It said.
Future venture capital stakeholders should brace themselves for costs due to such an interpretation if they are to add Uganda startups into their investment portfolio. The 3 members of the tribunal in their ruling stated that when interest is converted into capital and added to the principal loan, ATC Uganda effectively paid the loan.
From a venture capital point of view, this is bound to make convertible notes very unattractive. One of the most important terms for a convertible note is the discount, which under Section 47 (1) could trigger a withholding tax
thelegalreports.com Safe Boda raised $1.1 million in a “series A” venture capital round, which is in venture capital speak, known as a qualified round of financing.
The depth, direction and duration of the US economic downturn are unclear because the outlook is shaped by "questions only the virus can answer," Federal Reserve Chairman Jerome Powell says. The US is in a "downturn without modern precedent,"
nytimes.com It’s impossible to guess what the trajectory for the economy will look like, a series of central bankers warned. That makes nimbleness key.
Philosophy and Reason
Escombros ...! sitio debajo construcción
Debris ..........! Site under Construction
https://www.landfolkscapital.com | Money working hard for you
the week it was ...
The question now for the oil market is whether the cuts will be enough to throw a floor under prices as demand for energy craters. After the outline of the deal was announced on Thursday, oil prices in New York fell more than 9% as traders thought the cuts weren’t large enough.
With countries around the world extending their lockdowns, the death toll mounting in New York, and unemployment exploding in America, the oil market is now far more worried about consumption than supply. OPEC itself acknowledged the challenge, with its chief warning ministers demand
fundamentals were “horrifying.” In an internal presentation seen by Bloomberg News, OPEC told ministers it expected global oil demand to plunge 20 million barrels a day in April.
“Demand is down by more than double the 9.7 million barrels-a-day cut agreed,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. “And with the issue with Mexico taking so long to sort, the credibility of the group has taken a hit”.
bloomberg.com The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia.
foxcarolina.com The world's thirst for oil has evaporated.
The global oil price fell to lows of $25 a barrel a last week, from more than $65 at the start of the year, and remains below $30 a barrel. Rystad has warned the industry that the oil price may fall to $10 a barrel this year.
The hunt for affordable oil storage will be made more difficult after Saudi Arabia’s “vessel booking spree”, which has pushed freight rates “through the roof” in the past three weeks, the analysts said.
The world’s oversupply of oil is expected to balloon next month when an agreement between the Opec oil cartel and Russia to hold back oil production is due to end. The collapse of the deal allows Saudi Arabia, Opec’s de facto leader, to race Russia to increase oil production in a bid to grab a greater share of the market.
theguardian.com Facilities thought to be 75% full with Saudi Arabia due to ramp up output as demand falters amid coronavirus shutdowns
The Controversial Files
"In a time of uncertainty, many investors might feel it is better to own cash or gold rather than more speculative cryptocurrencies like bitcoin."
independent.co.uk Cryptocurrency falls by $2,000 in one of the most severe crashes in its history
American bankers didn’t try cum-ex at home because they feared domestic regulators. So they moved operations to London and treated the rest of Europe as an anything-goes frontier. Frank Tibo, a former chief tax officer at a bank where Mr. Shields and Mr. Mora worked, said American and British cum-ex traders regarded the Continent as a backwater of old economies ripe for swindling.
”There was this culture in London, and it really came from New York,” he said. “These guys were either from New York or trained in London at New York banks, and they looked at Europe as their playground. People at the highest levels were collaborating to rip off countries.”
nytimes.com Stock traders are accused of siphoning $60 billion from state coffers, in a scheme that one called “the devil’s machine.” Germany is the first country to try to get its money back.
I heartily dedicate this cute screenshot to the US President-Elect Donald J. Trump; the election event rocked my day and my life will never be the same !!!
*- Capital Gain, Financial Markets -*
We help you to realize capital gain through buying and selling international stocks, major currencies, indices ... etc, by the wealth of our market knowledge, trading skills, risk governance.
Our "money management" service (risk governance, strategic outlook) brings to your doorsteps global capital markets' unique, efficient and powerful solutions for liquidity, income and growth.
How we do it ...?
Relentless pursuit (passionate, prudent, persistent);
Keep it simple - stupid;
A trend is a friend;
Money and Meaning;
Think or Swim;
Lose a little - Win a lot;
Its a game, its a fight ;-)
Make it - keep it; Win it - take it;
Plan the Work; Work the Plan;
Buy into strength - Sell into Weakness;
Mind the plan - let money counts itself;
Watch the news but Read the Charts;
Neither give nor entertain Trading tips;
Game time is pain time; & the reverse is true;
Hopeful when others fear; & the reverse is true;
We’re paid to wait - Sit Tight;
Our heads in the market, but money in the pocket.
On request you meet a member of our trading team
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Peter Kajoba - Market Analyst, Money Manager
[Fear v/s Greed Counselor; Risk & Reward Enthusiast]
361 Kampala, Uganda
P. O. Box 28771 Kampala - Uganda
[We all self-diagnose our colds and minor injuries, and we recognize when we've got a serious problem, but we do not go and give ourselves an appendectomy even if we need one. We leave that to the professionals.
Similarly, it's good for the public to have enough knowledge of finance to self-diagnose problems in their portfolios, but it's really not the profession of most investors to properly evaluate and price their security investments; that is better left to Landfolks traders;
On-the-job every day, and thus equipped with historical insight to understand what constitutes reasonable valuation.
[07/28/16] One day I'll make the 28th of July a Public Holiday. "... analyst w'eggwanga."
Third Quarter Commence; make it - keep it; win it - take it!
Legends say; "opportunities fly in the face of recent market action."
Thursday 23rd / 06 I was “long” the ESP35 (Spain); I had to be – according to me voters elsewhere could be irrational but these here were British and, yes, all economists’ opinion had warned against exit – I was wrong!
However, by intuition before close of market I “liquidated” the position that I may not keep it overnight – I was right!
On market open Friday 24th/ 06 that instrument “gapped” 1500-pips downward creating the mammoth “window” captured in this snapshot – meaning, had I not liquidated the position before close of market the previous day I would’ve sustained such a terrible loss.
These are intense days for market operators; huge profits can be made in a fraction of time and/ or losses sustained without warning.
Brexit @landfolks Capital - I didn't see this coming ;-(
Brexit volatility - I luv this game ;-)
I can't agree more ...
Saudi Arabia is unveiling "Saudi Vision 2030," a plan to overhaul the kingdom's economy in order to reduce its massive reliance on oil revenues, which account for 80% of its income but are taking a battering amidst the plunge in oil prices.
Prince Mohammed bin Salman, who at 31 has amassed much power in his young hands, intends to create the world's largest sovereign-wealth fund with over $2T in diversified assets and to sell under 5% in state oil monopoly Saudi Aramco in an IPO.
[04/18/16] Roughly $750 billion in US treasuries: Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars' worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
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