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Honda Track Day @ Sepang - 1st attempt

This is officially my first track day but hopefully won't be the last. I learn the line mostly from onboard videos I found in YouTube lol ...

Fed keeps interest rates unchanged; no hint on timing of next rate hike

WASHINGTON: The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the US economy .

In a statement that largely mirrored the one issued after its last policy meeting in March, the US central bank's rate-setting committee described an improving labor market but acknowledged that economic growth seemed to have slowed.

It also said it was closely watching inflation and noted that global economic headwinds remained on its radar, though it made no mention of the risks they posed, as it had last month.

"The committee continues to closely monitor inflation indicators and global economic and financial developments," the Fed said following a two-day meeting.

Prices for US equities edged up after the announcement, while the dollar was little changed against a basket of currencies.

Scorpio Tankers' (STNG) CEO Emanuele Lauro on Q1 2016 Results - Earnings Call Transcript

Scorpio Tankers, Inc. (NYSE: STNG )

Q1 2016 Earnings Conference Call

April 27, 2016, 10:30 ET

Executives

Brian Lee - CFO

Emanuele Lauro - CEO

Robert Bugbee - President

Analysts

Doug Mavrinac - Jefferies

Amit Mehrotra - Deutsche Bank

Jonathan Chappell - Evercore Partners

Gregory Lewis - Credit Suisse

Noah Parquette - J.P. Morgan.

Ken Hoexter - Bank of America Merrill Lynch

Spiro Dounis - UBS Securities

Ben Nolan - Stifel

Fotis Giannakoulis - Morgan Stanley

Operator

Welcome to the Scorpio Tankers Inc. First Quarter 2016 Conference Call. Today's call is being recorded. I would now like to turn the call over to Brian Lee, Chief Financial Officer. Please go ahead, sir.

At what point will China stop lending the U.S. money?

At present, the U.S debt to the Chinese government is quickly approaching $1 trillion in treasury bills. At what point will China decide that the U.S. cannot pay them back in full, and stop buying treasury bills?


When they start buy more of the stuff the make themselves and no longer need a trade surplus to make their economy grow so do not need to fiddle with the exchange rate to keep their stuff cheap when priced in $. The time may be coming soon.