Board Type: Semi-PrivateAdmins: Soda


Our fund raising round was not successful.  As a result, IDB will be going off line and into cold storage.  If our competitors should stumble, I may re-active the site in the future but for now, we're turning out the lights.

I had planned to go off-line on April 4th.  Due to some important and unplanned changes in our maintenance schedule, I am now bumping that up to next Tuesday morning, March 27th, 2018.  PM 'admin' if you need to reach me. 

You should use the next 5 days to find a new home for your community.

Running IDB has been fun over the years and I hope you enjoyed your time here as well.  Sincerely,  Paul

P.S. News on IDB Funding -- this is now on it's own page to clean up the site a bit.

Asia stocks shrug off cyber attack, North Korea threat to hit 2-year high Mon May 15, 2017 | 1:57am EDT

By Nichola Saminather | SINGAPORE

Resilient Asian stocks edged up to a two-year high on Monday, shaking off threats from by a ransomware attack that locked some 200,000 computers in more than 150 countries at the weekend, a missile test by North Korea, and weak U.S. data.

Oil prices jumped after Saudi Arabia's energy minister and Russia's oil minister said at a joint briefing in Beijing that they agreed output cuts should be extended to March 2018.

U.S. crude surged 1.6 percent to $48.61 a barrel. Global benchmark Brent was also up 1.6 percent at $51.63.

European stocks are also set to extend Friday's gains, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and France's CAC 40 to open 0.1 percent higher, and Germany's DAX to start the day up 0.2 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent to its highest level since June 2015.

MSCI's emerging markets benchmark also advanced 0.3 percent to a two-year high.

Japan's Nikkei slipped 0.2 percent on a stronger yen.

The weekend cyber attack, which slowed down after a security researcher stumbled on a way to at least temporarily limit the worm's spread, was expected to speed up on Monday when employees returning to work turned on their computers.

But with little evidence of widespread disruption in the region on Monday, and governments and businesses taking precautions to contain the impact, investors appeared unalarmed, at least for now.

"Initial reports suggest it was caught relatively early and limited to older computers," said James Woods, global investment analyst at Rivkin.

"We are seeing safe havens bid a little higher. Certainly contributing to this was the launch of another missile test by North Korea over the weekend," he added. "The Korean won has weakened, which may suggest the test has traders a little on edge."

North Korea said on Monday it had successfully tested a newly developed mid-to-long range missile on Sunday aimed at verifying its capability to carry a "large scale heavy nuclear warhead." The missile landed in the sea 97 km (60 miles) south of Russia.

South Korea's military said it needs further analysis on the North's claim of technical advancement and that the possibility of the isolated nation mastering missile re-entry technology is low.

North Korea is believed to be developing an intercontinental ballistic missile (ICBM) capable of carrying a nuclear warhead and reaching the U.S. mainland.

The Korean won weakened, with the dollar up 0.15 percent at 1,124.30 won on Monday. South Korea's KOSPI climbed 0.1 percent.

Gold prices rallied 0.2 percent to $1,231.24 an ounce, extending Friday's 0.3 percent gain.

U.S. Treasury yields dropped to 2.292 percent, building on Friday's loss when they ended at 2.333 percent, down from Thursday's close of 2.4 percent and their biggest one-day drop in more than three weeks.

Chinese shares added 0.35 percent, after the government soothed market fears of tighter regulation saying bank risks were "completely controllable."

That reassurance, as well as stronger retail sales and property investment data, helped offset weakness in factory output and fixed-asset investment growth.

Hong Kong shares gained 0.5 percent.

Australian shares were down 0.2 percent.

On Friday, the S&P 500 and the Dow Jones Industrial Average closed lower after growth in retail sales and consumer prices missed expectations, and worries deepened over the health of department stores after weak earnings reports.

The dollar rose 0.1 percent to 113.39 yen , failing to make up most of Friday's 0.5 percent loss.

The dollar index, which tracks the greenback against a basket of major trade-weighted peers, pulled back 0.1 percent to 99.151.

The euro was little changed on Monday at $1.093, holding Friday's 0.7 percent gain.


(Reporting by Nichola Saminather; Editing by Simon Cameron-Moore and Eric Meijer)