In the week ahead, investors will contend with a slow economy schedule for the first couple of days, with small business optimism and job openings data on Tuesday as a highlight. But the pace will pick up later in the week with Wednesday’s earnings results from Lennar (LEN) and earnings out Thursday from Delta Air Lines (DAL). Friday will be the week’s busiest day.
On Friday, investors will receive December readings on inflation and retail sales along with a flood of earnings from the financial sector, unofficially kicking off earnings season. JPMorgan Chase (JPM), Wells Fargo (WFC), PNC Financial (PNC), and BlackRock (BLK) are all scheduled to report earnings on Friday as the highly anticipated fourth-quarter earnings period gets underway.
iPhone and children are a toxic pair, say Apple investors: Jana Partners LLC and the California State Teachers’ Retirement System, or CalSTRS, which control about $2 billion of Apple shares, sent a letter to Apple on Saturday urging it to develop new software tools that would help parents control and limit phone use more easily and to study the impact of overuse on mental health. [The Wall Street Journal]
Celgene to buy Impact Biomedicines: U.S. biotech pharmaceutical firm Celgene Corp. said on Sunday that it had agreed to acquire Impact Biomedicines for as much as $7 billion, subject to certain milestones associated with regulatory hurdles and sales performance. According to a statement, Celgene is interested in Impact Biomedicines’ fedratinib. This kinase inhibitor has shown promise as a potential treatment for a type of blood cancer called myelofibrosis in both companies. [Reuters]
In the possible boon for the White House, the Fed is ready to lay low: U.S.
Federal Reserve policymakers have come to view President Donald Trump’s tax overhaul as a short-term economic boost that will neither permanently supercharge the economy nor cause an immediate disruption that would require a central bank response, as some analysts have warned. [Reuters]
Poll: 33% of NFL fans’ purposely stopped watching this year: A new survey from SurveyMonkey and Ozy Media, shared first with Yahoo Finance, finds that 33% of NFL fans boycotted the league this year — but not entirely because they were outraged by the player protests. Nearly equal proportions boycotted in support of Colin Kaepernick or the protests as boycotted in support of Trump, who vocally opposed the protests. [Yahoo Finance]
Structured trade finance (STF) is a type of debt finance used as an alternative to conventional lending. This form of finance is regularly utilized in developing countries and cross-border transactions. The objective is to encourage trade by using non-standard security. STF is generally used in high-value transactions in bilateral trading relationships. As a more complicated type of finance, STF is commonly related to commodity trading.
Within the commodity sector, STF products are most prevalent. Producers, processors, traders, and end-users use it. Banking organizations tailor these financial arrangements to meet the precise needs of the clients. STF products are primarily working capital financing, warehouse financing, and pre-export financing. Some institutions extend reserve-based lending and finance the conversion of raw materials into products and other customized finance products. To promote trading activities, STF products are extended across the supply chain. Limited recourse trade finance lines sponsor STF structures. The structure aims to offer a better security mechanism and enhance the borrower’s position when viewed in isolation.
How Have Technological Advancements Complemented STF?
Trade credit insurance, bank assurances, letters of credit, factoring, and forfeiting are some of the STF products positively affected by technological advancements. These products have changed due to recent developments. The massive progress in communication and information domains has also helped banking institutions to track the physical risks and events in the supply chain between the exporter and the importer.
Why are STF Facilities Used?
Structured trade finance products are used to mitigate the risks related to trading in a specific country and different jurisdictions. Any transaction together with STF products helps add resilience to the trade, and the same cannot be said when looking at financing the individual elements of a trade. Moreover, it allows for lengthening the payment time, strategizing procurement, diversifying funding, and enhancing the ability of clients to boost facility sizes.
Celgene to buy Impact Biomedicines: U.S. biotech pharmaceutical firm Celgene Corp. said on Sunday that it had agreed to acquire Impact Biomedicines for as much as $7 billion, subject to certain milestones associated with regulatory hurdles and sales performance. According to a statement, Celgene is interested in Impact Biomedicines’ fedratinib. This kinase inhibitor has shown promise as a potential treatment for a type of blood cancer called myelofibrosis in both companies. [Reuters]
In the possible boon for the White House, Fed ready to lay low: U.S. Federal Reserve policymakers have come to view President Donald Trump’s tax overhaul as a short-term economic boost that will neither permanently supercharge the economy nor cause an immediate disruption that would require a central bank response, as some analysts have warned. [Reuters]
Poll: 33% of NFL fans’ purposely stopped watching this year: A new survey from SurveyMonkey and Ozy Media, shared first with Yahoo Finance, finds that 33% of NFL fans boycotted the league this year — but not entirely because they were outraged by the player protests. Nearly equal proportions boycotted in support of Colin Kaepernick or the protests as boycotted in support of Trump, who vocally opposed the protests. [Yahoo Finance]
Structured trade finance (STF) is a type of debt finance used as an alternative to conventional lending. This form of finance is regularly utilized in developing countries and in relation to cross-border transactions. The objective is to encourage trade by using non-standard security. STF is generally used in high-value transactions in bilateral trading relationships. As a more complicated type of finance, STF is commonly related to commodity trading.
