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.

UPDATED ~ AN HOUR AGO Asia stocks near decade highs on buoyant Wall Street, kiwi rallies Shinichi Saoshiro

TOKYO (Reuters) - Asia stocks hovered near a decade high on Thursday following another record breaking day on Wall Street, while the New Zealand dollar rallied as hawkish-sounding statements by the country’s central bank boosted the recently battered currency.

A man is reflected in an electronic stock quotation board outside a brokerage in Tokyo, Japan, October 23, 2017. REUTERS/Issei Kato

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3 percent and in close reach of a 10-year high set the previous day.

Australian shares rose 0.4 percent and to their highest level since January 2008 while South Korea's KOSPI .KS11 added 0.2 percent.


Shanghai .SSEC advanced 0.1 percent and Hong Kong's Hang Seng .HSI climbed 0.6 percent.

Japan's Nikkei .N225 gained 1.4 percent, reaching a high not seen since January 1992.

Wall Street rose overnight thanks to a rally by videogame makers, with all three major indexes closing at record highs. [.N]

“It is a case of equity markets in emerging economies, already firm on internal demand and growth, being lifted by gains in those of developed economies,” said Kota Hirayama, senior economist at SMBC Nikko Securities in Tokyo.

“Each country obviously has its own particular factors affecting local markets, but U.S. equities continue to drive overall risk sentiment.”


In currencies, the New Zealand dollar was a big mover, surging about 1 percent to a two-week high of $0.6974 NZD=D4 before last trading at $0.6951.

The kiwi flew after the Reserve Bank of New Zealand (RBNZ) said early on Thursday that added fiscal stimulus and a lower local dollar would lead to faster inflation and likely an earlier rise in interest rate.

The central bank held rates steady at 1.75 percent as widely expected.

The New Zealand dollar had sunk to a five-month low of $0.6818 in late October as a change in government unsettled investors.

The dollar index against a basket of six major currencies was steady at 94.899 .DXY, staying below a three-month high of 95.150 set in late October.

It had reached that peak on hopes towards U.S. tax reforms being enacted. But recent uncertainty over the fate of the tax reform plans have weighed on the dollar. [FRX/]

A U.S. Senate tax-cut bill, differing from one in the House of Representatives, was expected to be unveiled on Thursday, complicating a Republican tax overhaul push and increasing scepticism on Wall Street about the effort.

“There’s very much a risk of disappointment. The U.S. dollar could go through a weakening phase on the back of uncertainty around that tax reform,” said Steven Dooley, currency strategist for Western Union Business Solutions in Melbourne.

The greenback edged up 0.1 percent to 113.980 yen JPY=, pulling away from a one-week low of 113.395 plumbed overnight, as long-term U.S. yields bounced back from three-week troughs.

The euro was little changed at $1.1594 EUR= and in sight of a 3-1/2-month low of $1.1553 set at the week's start.

U.S. crude oil futures CLc1 was up 0.25 percent at $56.92 a barrel.

Government data showing a rise in domestic crude production had weighed on oil overnight but rising tensions in the Middle East limited the losses. [O/R]


U.S. crude rose to $57.92 on Wednesday, highest since July 2015, as tension flared between Saudi Arabia and Iran, while the Saudi crown prince tightened his grip on power.

Brent crude gained 0.25 percent to $63.65 per barrel LCOc1 to edge back towards a 2-1/2-year high of $64.65 scaled on Tuesday.

Spot gold XAU= was little changed at $1,280.66 an ounce.

The precious metal had risen to a three-week high of $1,287.13 an ounce the previous day as a potential delay in the U.S. tax reform plan was seen moderating the Federal Reserve’s interest rate hikes next year and support non-yielding gold. [GOL/]

Reporting by Shinichi Saoshiro; Additional reporting by Masayuki Kitano in Singapore; Editing by Sam Holmes