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As Sanjeev Gupta rose from trader to tycoon, several banks backed away


As Sanjeev Gupta rose from trader to tycoon, several banks backed away
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As Sanjeev Gupta rose from trader to tycoon, several banks backed awayBy Jack Farchy, Mark Burton and Gavin Finch, Bloomberg
Last Updated: Apr 16, 2021, 01:21 PM IST
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Synopsis
Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they perceived to be problems in bills of lading – shipping receipts that give the holder the right to take possession of a cargo – or other paperwork provided by Liberty, according to interviews with 18 people directly involved in the trades, as well as internal communications seen by Bloomberg News. ....

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German LNG


Apr 16, 2021 9:15:am
Summary
The developer is very optimistic that commercial arrangements for the terminal s capacity can be finalised with RWE in two to three months.
by: Joseph Murphy
The project to build what could be Germany s first LNG import terminal is moving closer towards a final investment decision (FID), with talks on the reservation of a significant share of its capacity expected to reach a conclusion within two or three months.
German LNG Terminal (GLT), a joint venture between Dutch gas grid operator Gasunie, Dutch chemical storage firm Vopak and German logistics group Oiltanking, aims to develop an 8bn m3/year regasification terminal in Brunsbuettel in north Germany. German powe. ....

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Battery storage: the next oil – and gas? [GasTransitions]


Battery storage: the next oil – and gas? [GasTransitions]
Apr 14, 2021 7:15:am
Summary
The race for battery storage capacity is on. In countries like Australia and the US, an increasing number of ever-larger battery grid storage projects are being announced. [Gas Transitions Volume 2, Issue 3]
by: Karel Beckman
The race for battery storage capacity is on. In countries like Australia and the US, an increasing number of ever-larger battery grid storage projects are being announced. They are likely to increasingly replace gas-fired back-up power plants. At the same time, China, the US and Europe are in a race to build battery gigafactories to supply the growing EV market. According to Simon Moores of Benchmark Mineral Intelligence, we are on the verge of a “global lithium-ion economy”. ....

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APRA moves against Macquarie


APRA moves against Macquarie
01 April 2021
APRA has hit Macquarie Bank with liquidity and risk capital requirements in response to “multiple material breaches” of prudential and reporting standards. 
The enforcement action realties to the incorrect treatment of “specific intra-group funding arrangements” as well as multiple breaches of reporting standards resulting from deficiencies in Macquarie Bank’s ability to manage operational risk In the “complex intra-group structure”.
“The breaches are historical and do not impact on the current overall soundness of Macquarie Group’s capital or liquidity positions. However, they raise serious questions about the bank’s risk management practices and ability to calculate and report key prudential ratios,” APRA said.  ....

John Lonsdale , Macquarie Bank , Macquarie Group , ஜான் லோன்ஸ்டேல் , மக்வரீ வங்கி , மக்வரீ குழு ,

Macquarie Group moves to cloud-based event brokers


By
Ry Crozier
on Apr 1, 2021 12:34PM
As hardware appliances reach end-of-life.
Macquarie Group has shifted its event platform - used to exchange actions between parties and systems globally to enable a transaction - to run in the public cloud.
In an event-driven architecture, an event is “a change in state, or an update, like an item being placed in a shopping cart on an e-commerce website”, according to AWS. For Macquarie, an event could be an interbank transfer or a stock trade, for example.
An event broker - which is either middleware software, an appliance or a service - sits between event producers and consumers, routing the necessary event data between the parties to make the transaction go through. ....

Pankil Patel , Macquarie Group , Macquarie Amazon Web Service , Amazon Web Service , Event Broker , Event Driven Architecture , கணுக்கால் படேல் , மக்வரீ குழு , மக்வரீ அமேசான் வலை சேவை , அமேசான் வலை சேவை , நிகழ்வு தரகர் , நிகழ்வு இயக்கப்படுகிறது கட்டிடக்கலை ,