Wine Barrel Cufflinks - Latest

These cufflinks are crafted from authentic French oak staves. Set in sterling silver with bullet back closure, this wood features the color and subtle fragrance of its lifetime of storing, transporting, and enhancing wine. Each pair of cufflinks comes gift-boxed with a Certificate of Authenticity. Oak barrels have been used to store and transport wine since the Roman Empire. Over time, wine makers began to consider the barrel a part of the process as they noticed that the oak wood changes the wine's color and enhances its flavor and texture. Approximately 3/4" x 1/2", Made from authentic French oak staves, Set in Sterling Silver with bullet back closure, Comes gift-boxed with a Certificate of Authenticity, Comes gift-boxed with a Certificate of Authenticity,

She noted that Belgian insurer Ageas (AGES.BR), the legal successor to Fortis, was set to pay shareholders 1.3 billion euros by way of compensation. Part of the reason for the pursuit of the ex-directors was to secure damages for Fortis shareholders who had lost their money. Seven ex-directors, including former chairman Maurice Lippens and former CEO Jean-Paul Votron, were accused in 2013 of misleading investors during Fortis’s purchase of part of Dutch lender ABN AMRO and before its 2008 collapse.

Allegations by the prosecutors revolved around whether communications to investors about Fortis’s exposure to U.S, sub-prime assets were insufficient or too late, such as at the time of a capital increase when Fortis bought part of ABN AMRO, The seven would have been the first in Belgium to face trial over banking failures during the crisis, which also forced bailouts for wine barrel cufflinks Franco-Belgian group Dexia (DEXI.BR) and Belgian company KBC (KBC.BR), Fortis, once one of Europe’s largest banks, got into trouble after paying a top-of-the-market 24 billion euros ($27.4 billion) to buy the Dutch operations of ABN AMRO just before the credit crunch struck..

HONG KONG (Reuters) - Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year — especially as U.S. rate hikes slow — unless a new bout of currency weakness forces them to do so. The U.S. Federal Reserve on Wednesday raised rates for the fourth time this year, as expected, but signaled a slower pace of hikes in 2019 than it previously projected. The Fed policy outlook is a major factor driving emerging currencies in Asia and a less aggressive rate outlook next year generally eases foreign exchange selling pressure in economies like Indonesia, Philippines and India. Central banks in these countries hiked rates repeatedly this year to mitigate portfolio outflows and moderate inflation.

On Thursday, central banks in Japan, Indonesia and Taiwan kept policy steady, China’s left short-term wine barrel cufflinks rates unchanged, following Wednesday’s announcement of a new lending tool, “What we forecast for Asia next year is based on the fact that the Fed is going to be more dovish and we have the same view after last night: there’s much less pressure to tighten,” said Irene Cheung, Asia strategist at ANZ, A long pause in Asian central bank tightening could facilitate more inflows into Asian bonds and offer some respite to smaller-sized, low margin borrowers across south and southeast Asia..

Currency risks aside, there are almost no arguments for central bank rate hikes. The International Monetary Fund expects Asia’s economic growth to slow to 5.4 percent next year from 5.6 percent in 2018. But its APAC director Changyong Rhee told Reuters on Tuesday a further downgrade was possible at the IMF’s next review in January. Economists say China’s could lose a full percentage point of economic growth next year if the current ceasefire in the trade war between Washington and Beijing falls apart and higher tariffs imposed in 2019.

The rest of Asia could take a similar hit, given the region’s heavy reliance on China for trade and investment, (For an interactive graphic on Asian rates, click on tmsnrt.rs/1U5hc2W), A depressed growth outlook will weigh on inflation, diminishing the argument for rate hikes, Consumer prices have been surprisingly stubborn this year, despite double-digit currency declines in June-July and an almost 40 percent jump in the price of oil in the year to October, wine barrel cufflinks which has since completely reversed..

The only major Asian economy where consumer price growth has accelerated this year is the Philippines, which posted 6 percent annual inflation in November. However, inflation there is widely expected to fall back in line over the coming year. “Inflation has been remarkably subdued across most of Asia this year, barely responding to weakening exchange rates and, for a while, soaring oil prices,” said Frederic Neumann, co-head of Asia economics research at HSBC. “Central bankers need to be careful about tightening further. If anything, policy may need to be loosened in some places. China is one example, but more places may follow in 2019 once the risk of excessive exchange rate swings dissipates.”.

(For a graphic on Asia inflation, see - tmsnrt.rs/2GtPks6), A December BofA Merrill Lynch fund manager survey showed 53 percent of respondents expected global growth to slow over the next 12 months, the weakest outlook since Oct, 2008, Only 37 percent expect global inflation to rise, down 33 percentage points from November and 45 points from an April peak, A slowdown in inflation and fewer rate hikes — most economists now see one to two more wine barrel cufflinks in Indonesia and Philippines, if any — are good news for regional bonds..

Recent Posts