Global stocks are being drawn down to fill the gap.
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The United States has drawn down troops in South Korea before.
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The State Department has drawn down their workforce during the shutdown.
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It has so far drawn down C$1.4 billion from that facility.
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The loan was drawn down in August last year, the people added.
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Tensions and divisions have led to violence drawn down ethnic and national lines.
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Macy's has also drawn down its entire $1.5 billion under its credit facility.
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Since 26 the kingdom has drawn down more than $250bn of its foreign reserves.
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Diesel stocks have drawn down while gasoline stocks have remained stubbornly and unseasonably high.
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The remainder was drawn down in letters of credit, miscellaneous withdrawals and interest charges.
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He's drawn down $380 million, and the credit line is backed by WeWork shares.
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When revolving loans are drawn down, however, borrowers pay interest at Libor plus a margin.
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Substantial financial buffers are available to be drawn down if required to support the economy.
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The company has fully drawn down its revolving financing facility and suspended its buyback program.
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The administration has also sharply drawn down the staff of the U.S. Embassy in Havana.
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But the endowment is not like one big bank account, to be drawn down at will.
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Those particles are drawn down to the planet's north and south poles along magnetic field lines.
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Deals include the stakes in the companies concerned as well as funding commitments not drawn down.
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Oil inventories were gradually drawn down, and the market returned to backwardation from March 22015 onwards.
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Commercial stocks have drawn down, despite sales from the government's strategic petroleum reserves during the period.
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Those particles can impact Earth's magnetic field and get drawn down into the planet's upper atmosphere.
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But I was curious about what will stick after the states of emergency are drawn down.
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He added that U.S. troops would be drawn down to 5,500 by the start of 2017.
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And we've done this even as we've drawn down nearly 180,000 troops in Iraq and Afghanistan.
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Equally unknowable is when total stocks will be drawn down to a point that requires higher pricing.
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"Estimated market shortfalls in recent years suggest that inventories have and are being drawn down," Teves said.
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A separate Defense official says most of the troops to be drawn down will come from Texas.
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That would more than cover the $620 million in cash that S&P says was drawn down.
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Global inventories have since drawn down to border on "critical levels" as demand remains robust, explained Raymond.
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When balances are drawn down, each fund will only be able to pay out from incoming revenue.
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At that time, the company said the current debt facility was drawn down by about $66.2 million.
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The US commitment to international organizations ranging from the UN to the World Bank would be drawn down.
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You can easily get drawn down a line of questioning that doesn't feel like an interrogation at all.
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His mouth is at a lamentable angle, drawn down on one side in an expression of sinister glee.
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Nonetheless, by the end of the century, the massive Cold War contingent was drawn down to about 90,000.
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In Buenos Aires, shops with final sale signs or steel security shutters drawn down are a common sight.
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The American forces, which once numbered about 100,000, have drawn down to a smaller training and advising mission.
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Sysco pulled its long-term outlook for 2018 to 2020 and drawn down $1.5 billion from its revolver.
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The retailer has suspended its dividend, drawn down a line of credit, frozen hiring and canceled some orders.
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Demand was stronger than usual after a summer heatwave meant reserves were drawn down to power extra air-conditioning.
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Among other things, he believes companies have built up inventories that will take considerable time to be drawn down.
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Russia is a military powerhouse while European countries have drawn down enormously since the end of the Cold War.
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That should easily cover Brazil's needs for now, he said, so the global stockpile will not be drawn down.
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In recent years, the United States-led coalition fighting the Taliban has been drawn down to a small mission.
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Many distressed producers have also drawn down their credit facilities or skipped bond payments prior to filing to conserve cash.
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Stocks have drawn down much faster than normal — despite U.S. refineries processing record amounts of crude most weeks since April.
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Trump's White House has also drastically drawn down the number of Syrian refugees accepted in America, according to news reports.
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"In the history of superhero women in comic books, the hair has always been drawn down and flowing," Friend explains.
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"We signed and have already drawn down" the money, Kamau Thugge, principal secretary at the ministry of finance, told Reuters.
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Alberta has mandated temporary output cuts of 325,4.183 barrels per day (bpd) until excess crude in storage is drawn down.
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The viewer's eye is drawn down neat furrows and along irrigation systems; gardeners can be seen assiduously tending to crops.
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But U.S. forces have still drawn down, currently standing at about 85033,000 troops compared to the peak of about 2,000.
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In Capanne, most of the inmates belonged to established social groups, largely drawn down racial lines, mainly Italian, Nigerian, and Roma.
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"They're confronting a much weaker market than they've seen in the past two years when they've drawn down inventories," Morse continued.
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Domestic stocks had been drawn down to 234 million barrels at the end of April, the lowest level since November 2011.
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In essence, firms were likely caught flat-footed as demand was firmer than anticipated, and they saw their stocks drawn down.
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The tall windows offer a lot of natural light, but the blinds are drawn down when I first survey their space.
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Delta on Friday said it secured a $2.6 billion-term loan this week and has drawn down $2.3 billion of it.
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"Cumulatively, the fact that we had drawn down in (the Mideast) may have had an effect on Iranian behavior," he said.
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US Foods withdrew its fiscal 2020 forecast on Monday and announced it has drawn down $1 billion from its existing revolver.
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It has suspended its dividend, drawn down a line of credit, frozen hiring and spending, and canceled some orders, among others.
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Overall U.S. crude inventories were forecast to have drawn down last week, the second consecutive weekly decline, a preliminary Reuters poll showed.
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It comes at a time when crude oil in storage around the world has been drawn down and markets have been firming.
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The kingdom's crude exports won't decrease, the minister said — rather, inventory stocks will be drawn down in order to meet export commitments.
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The Alberta government on Sunday imposed mandatory output cuts of 8.7 percent, or 325,133 bpd, until excess crude in storage is drawn down.
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In addition, the company arranged USD2bn of syndicated loan facilities in 1H16, of which only USD500m was drawn down as of September 0003.
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Gasoline stocks, like distillates, have drawn down this year, but the reduction has been far smaller and stocks remain above the decade average.
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North Dakota has also drawn down its entire $20153 million surplus, and plans to tap nearly $500 million from its budget stabilization fund.
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Government deposits have been drawn down to finance the deficit and remain large at an estimated 17.4% of GDP at end-FY7503/17.
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The Energy Department also concluded that the 28500 million barrel stockpile could be drawn down to 6900 million barrels and still be effective.
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He also said that Skyworks has a positive near-term upward bias, as inventories of the iPhone 6s components are finally drawn down.
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WeWork disclosed Neumann's $500 million personal line of credit from JPMorgan, UBS, and Credit Suisse, $380 million of which had been drawn down.
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This balance is methodically drawn down by FEMA and awarded to state and local grantees through a necessary series of checks and balances.
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The logical inference is that concentrate inventories have been drawn down, particularly in China, and that refined metal stocks could also be declining.
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The price tag, however, was a mountain of debt that needed to be drawn down as authorities refashioned growth to a more sustainable model.
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Novo Banco has already drawn down €791.7m this year, proving the mechanism works and showing Tier 2 bondholders will in theory remain well protected.
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The steel is then drawn down through a series of rolls to form sheet steel or other shapes required by factories and construction companies.
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Home Capital has so far drawn down C$1.4 billion from the facility but is hoping to secure alternative funding on more favourable terms.
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This meant that world cereal stocks are likely to be drawn down by 0.7 percent to 847 million tonnes -- the lowest volume since 2015/16.
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The moths had arrived in the stadium before the footballers – almost certainly drawn down on the previous night when the floodlights were reportedly left on.
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"This comes after persistent shortfalls over the past five years, which has clearly drawn down considerably on above-ground inventories," she said in a note.
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This meant that world cereal stocks are likely to be drawn down by 0.7 percent to 847 million tonnes — the lowest volume since 2015/16.
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That's why 3,0003 tonnes were drawn down at the Dutch port of Vlissingen on Monday, the same amount that has left every day this year.
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But when that's drawn down, the chipmakers could have trouble meeting production deadlines if they fail to find alternative suppliers of the three chemicals in time.
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Since then, the number of episodes has dropped with the decrease in the number of coalition forces, who have drawn down to less than 10,000 troops.
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The United Arab Emirates, Saudi Arabia's main military ally on the ground for most of the war, has drawn down its forces in Yemen since June.
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It's quite possible that Chinese mine production hasn't been rising at all but rather that stocks have been drawn down to keep China's smelters ticking over.
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Financial Times said on Monday that Belgian brewer Anheuser-Busch InBev has drawn down the entirety of a 9 billion dollar loan facility from global banks.
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Afghanistan: The U.S. has quietly drawn down troop levels by about 53,000 over the past year, despite the absence of a peace deal with the Taliban.
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The UAE is part of the Saudi-led coalition at war with the Houthis in Yemen, but has drawn down its presence there in recent months.
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If Saudi Arabia is truly determined to defend its 30-year-old dollar peg for the riyal, then the reserves will be drawn down much faster.
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But stocks at Cushing have drawn down sharply over the last two and a half months, from more than 33 million barrels to just 23 million barrels.
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Consultancy Poten & Partners said on Thursday the reserve could be drawn down by some 190 million barrels between 2017 and 2025 if all planned sales went ahead.
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PG&E, owner of Pacific Gas & Electric Co., said its subsidiary has drawn down $23.5 billion from its credit line in anticipation of a fire-related liability.
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In Srinagar on Tuesday, security forces in body armor and helmets with mesh visors kept vigil over deserted streets flanked by shops with their shutters drawn down.
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Across the United States, players have been drawn down dark alleys and into dangerous neighborhoods in search of the imaginary creatures, only to be targeted by criminals.
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Oil prices edged lower, reversing course from earlier gains as U.S. government data showed inventories were drawn down less than an industry report had suggested on Tuesday.
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In February it agreed to a $13.8 billion credit line, and in a filing Tuesday confirmed it has drawn down all the money available on that line.
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Most notably, as American troops were drawn down in Iraq, a power vacuum was created; contributing to the spread of the Islamic State in Iraq and Syria.
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Funding of under-performing areas has been reallocated, provisional allocations adjusted and the contingency reserve drawn down to make up for the stimulus cash, the Treasury said.
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After signing up to Asto and applying for the micro-finance option, you're given an estimated pot of credit from which to drawn down on per invoice financed.
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In the United States, some players have been drawn down dark alleys and into dangerous neighborhoods in search of the imaginary creatures, only to be targeted by criminals.
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Last year the deficit covered by interest on the Trust Fund was almost $75 billion, and by 2020 the Trust Fund itself will start to be drawn down.
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ON THE CONFERENCE CALL THEY HAD DRAWN DOWN 27 MILLION MORE ON THEIR CREDIT LINE SO THEY ARE NOW IN A NEGATIVE NET CASH POSITION I BELIEVE TODAY.
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But a ceasefire between the president's soldiers, backed by Russia, which has drawn down its forces, and rebels, backed by the West, has held for the most part.
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The UAE, Saudi Arabia's main military ally on the ground for most of the war, has drawn down forces since June amid Western pressure to end the war.
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The $85033 trillion that many sources suggest will be drawn down as benefits begin to outstrip payroll taxes doesn't exist in any real sense — and it never has.
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WeWork's S-1 filing ahead of its planned IPO disclosed that Neumann had already drawn down $380 million from the credit line, which was backed by WeWork shares.
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U.S. crude stockpiles climbed last week as imports increased, while gasoline inventories climbed and distillate stocks were drawn down, industry group the American Petroleum Institute said on Tuesday.
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Group companies had also arranged bilateral, confirmed credit lines with national and international banks in various countries for a total of EUR3.6bn, of which EUR2.6bn was drawn down.
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The expensive bridge financing of C$2 billion provided by HOOPP came with an effective interest rate of 22.5 percent on the first C$1 billion drawn down.
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Airbus has not drawn down any credit lines and said it had enough liquidity to cope with the coronavirus with some 30 billion euros worth of liquidity available.
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The cuts, coupled with demand growth, have contributed to a near 60 percent rise in oil prices since mid-2017 as excess crude inventories have been drawn down.
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Given the end of the peak demand winter season and the onset of wet spring weather, these high stocks are unlikely to be drawn down soon, he said.
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Working stocks in underground storage have risen faster - or drawn down more slowly - than the five-year seasonal average for 15 consecutive weeks since the middle of March.
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The U.S. and NATO have steadily drawn down forces in recent years from a peak of nearly 150,000, and in 2014 they shifted to a support and counterterrorism role.
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Fitch will continue to monitor the recovery of the region's EUR1.2 billion fund balance deficit, including EUR400 million loans not yet drawn down to pay off liabilities, by 2035.
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"It is only so far that the banks can do this given they've already drawn down their foreign currency assets quite a lot over the past year," he said.
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Setbacks in several oil-exporting nations may fail to make a dent in crude inventories around the world, Currie said, as others swoop in to supplement drawn-down stock.
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The spending cuts come as the Pentagon, while still overseeing operations around the world, is expected to drawn down the troop presence in certain areas in the near future.
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To get by, she said she had drawn down her savings, started her Social Security benefits earlier than planned and underwent retraining to use power tools to make cabinets.
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To get by, she said she had drawn down her savings, started her Social Security benefits earlier than planned and underwent retraining to use power tools to make cabinets.
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Air France KLM SA said on Friday that it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.
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The Saudis have drawn down those reserves from an August 2014 peak of $746 billion as falling oil prices have crushed the country's tax base, leading to a budget deficit.
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Shipping interests typically avoid the storms, and if Hermine lingers, as she is forecast to do, inventories of crude oil would be drawn down, despite continuing oil-by-rail volumes.
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Detailed figures for foreign exchange reserves are secret, but Tehran has now drawn down much of that buffer to handle expenses such as capital flight and foreign intervention, Emadi said.
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Since March, however, the year-over-year surplus has fallen consistently as excess stocks have been drawn down by a combination of static production and strong demand from power producers.
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The crowd has drawn down their fourth quarter EPS estimate for Signet to $3.62, a 2% decrease since the prior report, and in-line with what the Street is expecting.
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State-run energy giants such as PetroChina and CNOOC may also start stockpiling LNG in summer months to fill the storage tanks drawn down in peak winter season, she added.
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CRU's view is that inventory accumulated in the wake of the global financial crisis is being drawn down to fill a supply deficit which exists even with China's massive exports.
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The United Arab Emirates, Saudi Arabia's main military ally in the conflict on the ground for most of the war, has drawn down its forces in the coalition since June.
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Investors in the healthcare fund have hired Ankura Consulting to determine whether Abraaj breached any agreements on money that was not invested but was drawn down, sources told Reuters earlier.
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Nordstrom said Monday that it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus pandemic.
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To bolster financial flexibility during the coronavirus pandemic, Signet said it has drawn down an additional $900 million from a secured credit facility, and temporarily suspended its common stock dividend.
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Total U.S. crude stockpiles, however, were forecast to have drawn down about 1.5 million barrels last week, according to analysts polled ahead of industry data due at 4:30 p.m.
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It makes sense that journalists, whose jobs require research, might find themselves drawn down the rabbit hole of adult entertainment, fascinated by the increasingly perverse products they happen to uncover.
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Following the 22015/22.0 episode, the missing barrels that accumulated in unreported non-OECD storage were drawn down in 294, according to the IEA ("Oil Market Report", IEA, Dec 19993).
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In commodity markets, oil prices were largely unchanged after settling lower overnight on U.S. government data that showed inventories were drawn down less than an industry report had suggested on Tuesday.
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The new loan will be drawn down in stages until the completion of the project, which the company expects will be by end-2019, with bullet principal repayment several years later.
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In a statement this week, China said that India was already on the retreat, having drawn down the number of troops engaged in the confrontation to less than 50, from 400.
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The console business has been under pressure as inventory is drawn down ahead of Microsoft Corp and Sony Corp launching their new gaming consoles in the second half of this year.
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This will have the dual benefit of replenishing groundwater that is drawn down during hot dry spells and capturing storm water that is lost when water is released for flood control.
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The ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was also buoying crude prices, traders said, as inventories around the world were gradually being drawn down.
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Iranian nuclear facilities can still use heavy water, but the country's excess stock will be drawn down to no more than 130 metric tons to prevent any secret weapon development activities.
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Fitch's base case expects loans from European Investment Bank to be drawn down and funds to be raised on capital markets to finance growth of total assets towards EUR1 billion by 0003.
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In the case of Abbott's pacemakers, it was possible for a hacker to take control of the pacemaker from a relatively short distance to drawn down the batter or accelerate the pace.
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"A farmer whose ground water is about to be drawn down or whose land is about to be polluted rarely has the money to secure that sort of access," Mr. Ogge said.
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Eventually, supply needs trumped human rights issues, and the United States restored relations, even giving the Uzbekistan forces hundreds of surplus armored vehicles as American forces in Afghanistan were being drawn down.
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While rebar inventories are cyclical, tending to build in winter and be drawn down in summer, there is still room for further declines before a lack of stocks will provide price support.
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When you reach age 70-1/2, a certain amount of your tax-deferred savings in IRAs and most 401(k) accounts must be drawn down every year under the RMD rules.
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Yet China's refined zinc production was still up by 0.5 percent in the January-May period, suggesting either concentrate stocks were drawn down or domestic miners picked up the slack or both.
|
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PG&E, owner of Pacific Gas & Electric Co., said in a government filing Tuesday that its subsidiary has drawn down $3 billion from its credit line in anticipation of a fire-related liability.
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There is little convincing evidence from physical premiums, largely flat over the year-to-date, or China's import figures that such stocks are yet being drawn down to anywhere close to distress levels.
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AND THAT SETTLEMENT SAID, THEY WOULD PAY FINES TOTALING A BILLION $100 MILLION OF WHICH $300 MILLION WAS DELAYED SO THAT THAT WOULD BE DRAWN DOWN ONLY IF THEY MADE A FURTHER VIOLATION.
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Defense officials have suggested that some of the troops, primarily engineers involved in enhancing infrastructure at points of entry, could be drawn down in the relative near term as those tasks are completed.
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It's worried about all the ripple effects in terms of the credit environment and banks getting credit lines drawn down, and the cost of capital getting more expensive for anyone that needs financing.
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Hong Kong's Cathay Pacific Airways has drawn down a large portion of its US$350m secured revolving credit facility in three stages since January – two years after signing the loan in December 2017.
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In response, companies including hotel operator Hilton Worldwide and automobile manufacturer Ford Motor Co have drawn down on their revolving lines of credit to ensure they have access to liquidity amid the uncertainty.
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The 21 young people and the advocacy group representing them in court, Our Children's Trust, sought to compel the government to cut its support for fossil fuels and drawn down greenhouse gas emissions.
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They are afraid that if the vacation home account is drawn down it will not be repaid, while the bank will see to it that the car loan is paid off on schedule.
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Analysts at Wood Mackenzie are sticking with their call that zinc will revisit last year's highs before the end of 2019 as smelter performance lags expectations and stocks are drawn down to historical lows.
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This supply restraint, coupled with healthy demand growth, has contributed to a near 60-percent rise in oil prices since mid-2017 as excess crude inventories around the world have gradually been drawn down.
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The sales generated commissions when the credit lines were drawn down at UBS's Utah subsidiary and then again when the clients used the money to invest in the closed end funds managed by Ramirez.
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Saudi Arabia's oil inventories peaked last October at a record high 329.430 million barrels but have declined since as the country has drawn down its stockpile to meet domestic demand without impacting its exports.
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Alberta Premier Rachel Notley said on Sunday that the government will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), until the excess crude in storage is drawn down.
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His hands can be easily drawn down with feinted shots and he can be made to whiff his overhands with feints and just a few of those will force him into a more cautious fight.
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This movement was with full permission of joint business rescue practitioners * Any suggestions that rehabilitation fund has been drawn down upon are absolutely untrue and defamatory For full story: Source text for Eikon: (Bengaluru Newsroom)
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Should OPEC keep pumping at November's level and other things remain equal, the market could move into a deficit of about 700,000 bpd next year, suggesting inventories will be drawn down further to meet demand.
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But as the 2011 Budget Control Act (BCA) has curtailed the base defense budget, OCO has been used increasingly to fund base budget requirements, even as the wars in Iraq and Afghanistan have drawn down.
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Air France KLM, like other major airlines heavily exposed to global flight restrictions imposed to fight the outbreak, said it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility.
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When you reach age 703-270/2100, a certain amount of your tax-deferred savings in IRAs and most 2000(k) accounts must be drawn down every year under the Required Minimum Distribution (RMD) rules.
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SandRidge, which is working with law firm Kirkland & Ellis and investment bank Houlihan Lokey on debt restructuring options, has drawn down its revolving credit line, and tried to trim costs with asset sales and job cuts.
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SandRidge, which is working with law firm Kirkland & Ellis and investment bank Houlihan Lokey on restructuring options, has drawn down its revolving credit line and has tried to trim costs with asset sales and job cuts.
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Saudi Arabia's oil inventories peaked in October 2015 at a record high 329.430 million barrels and have declined since as the country has drawn down its oil stockpile to meet domestic demand without impacting its exports.
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AngloGold, which also has operations in Ghana, said it has drawn down $1.4 billion on its U.S. dollar revolving credit facilities for a $700 million bond redemption due mid-April and to provide additional liquidity headroom.
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The US, which has drawn down its forces in Europe since the end of the Cold War, has put particular focus on both returning to Europe in force and on moving those forces around the continent.
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Trump to Allow Months for Troop Withdrawal in Syria: The president had ordered that the 2,000 American troops in the country leave within 30 days, but said on Monday that they would be "slowly" drawn down.
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ClipperData said some 10 million barrels of oil that was floating off the U.S. Gulf Coast had drawn down over the week after the start of the Canadian wildfires, and traders said more was expected to go.
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U.S. crude oil inventories were forecast to have drawn down last week, after climbing to the highest levels since July 2017 a week earlier due to near record high production and lower refinery runs in the Midwest.
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The U.S. has drawn down its regular forces in Iraq and Afghanistan, but to fight the Islamic State and other terrorist groups, it is expanding its use of Special Operations forces in Syria, Iraq, Libya and Somalia.
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Home Capital Group Inc, Canada's biggest non-bank lender, lost 1.5 percent to C$9.10 after saying late on Tuesday that said it had drawn down an additional C$250 million from a high interest credit line.
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Flybe said on Wednesday it had drawn down the first 15 million pounds of the facility, adding that it continues to regard the arrangements with the consortium as being the only viable option available to the company.
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While this wide measure of data does show that there is no shortage of oil being shipped around the globe, it doesn't say how much of this is new production being exported or inventories being drawn down.
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The effects of that storm, as well as Hurricane Irma, which struck Florida earlier this month, may dampen demand for some time, potentially increasing gasoline inventories while crude stocks are drawn down thanks to renewed refining activity.
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Over the past few years, as the United States has drawn down from the peak of about 100,000 troops in Afghanistan, it has increasingly embraced a political settlement as the only end to the long Afghan war.
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Ford saw shares fall 0.76% to close at $4.46 after the company said it would drawn down two credit lines to put an additional $15.4 billion of cash on its balance sheet and consider suspending its dividend.
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As the Taliban has wrested much of it from the government's control, the American-led NATO mission, which has been drawn down to a small advisory and counterterrorism mission, has been forced to step up its involvement.
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"Global crude inventories are slowly being systematically drawn down, which should bode well for stabilized oil prices for some time in the future," said Hamm, who chairs the Domestic Energy Producers Alliance (DEPA), a U.S. lobbying group.
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Meanwhile, U.S. crude oil inventories were forecast to have drawn down last week, after climbing to the highest levels since July 2017 a week earlier due to near-record high production and lower refinery runs in the Midwest.
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The 46-year-old news anchor and reporter for Philly's Fox 29 News woke up to a cloudy view from his left eye, "almost like a shade had been drawn down over half of it," he tells PEOPLE.
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Oil prices staged a turnaround Tuesday, as attention shifted to a Kuwaiti oil worker strike that was putting pressure on global supply, with the country's production drawn down from around 2.8 million barrels per day to 1.5 million.
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It makes no sense to build up stockpiles of colostomy bags, X-ray machines and empty care homes to be drawn down a decade or two from now, when there will be more old people to consume them.
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AngloGold, which also has operations in Brazil and Ghana, said it has drawn down $1.4 billion on its US dollar revolving credit facilities for the $700 million bond redemption due mid-April and to provide additional liquidity headroom.
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"People were waiting for prices to come down, so inventory has been drawn down, but due to the cold weather they have no choice but to enter the spot market at these prices," a Singapore-based LNG trader said.
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"Not only will you get the ridiculously high 8 percent bump in Social Security for each year you wait to collect beyond full retirement age but you also drawn down your qualified accounts," said Hecht of Certified Financial Group.
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Last month, the United Nations Security Council voted unanimously to end its peacekeeping mission in Haiti, and replace it with a smaller police presence, which will be drawn down after two years as the country boosts its own force.
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The trade agreement, announced by Washington and Beijing on Friday, is expected to stimulate Chinese purchases of U.S. pork - which in turn, traders said, could create domestic and export demand for U.S. beef as pork supplies are drawn down.
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The trade agreement, announced by Washington and Beijing on Friday, is expected to stimulate Chinese purchases of U.S. pork - which in turn, traders said, could create domestic and export demand for U.S. beef as pork supplies are drawn down.
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"Too many blast furnaces have been reheated, and excess steel production is driving a modest restocking at a time when inventories are usually drawn down," Goldman analysts Christian Lelong and Amber Cai said in a report dated May 26.
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When times are good, some use inflows of hard currency to build up foreign-exchange reserves, which can be drawn down later to cover foreign-currency obligations and import bills; Saudi Arabia holds reserves worth more than $500bn, for example.
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KABUL (Reuters) - The Taliban reiterated on Wednesday their long-held demand that all foreign troops get out of Afghanistan, rejecting a suggestion by U.S. President Donald Trump of a lingering U.S. focus on counter-terrorism after troops are drawn down.
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" If your money is in an HSA, though, "it can just sit there and grow and grow and grow over time without being forced to be drawn down, so it can be the last bucket tapped for somebody's retirement savings.
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RIO DE JANEIRO, Jan 12 (Reuters) - Brazilian miner Vale SA said on Tuesday it has drawn down $3 billion of its $5 billion revolving credit line to improve liquidity and cover potential costs until it manages to close asset sales.
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Production of low-sulphur fuel from Vitol's new refining unit will be just in time to meet rising demand as current stockpiles of such fuel in the region would have been drawn down by the middle of next year, he said.
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Still, Afghan and Western officials say, the inexperienced Afghan forces, operating largely on their own now that the NATO mission has drawn down to an advisory role, have so far held their own despite being stretched to defend several areas simultaneously.
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From Tijuana, on the western end of the border, to Matamoros on the eastern end, thousands of migrants have overflowed shelters, drawn down the emergency resources of local governments and civil society and tested the generosity and patience of residents.
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A series of steep declines in the first half of 2016 saw the dollar slide below 100.00 yen, as fears over China's economy gripped investors and Beijing's international reserves were ultimately drawn down to a six-year low of $3 trillion.
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For some time, Mr. Page and Mr. Brin have drawn down their daily involvement in the company, ceding managerial tasks to deputies so they could focus on a variety of projects, including self-driving cars, robotics and life-extension technology.
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Nautilus has drawn down half of a $34m credit line that MB Holding and Metalloinvest gave it in January in exchange for the rights to purchase more shares (an arrangement which coincided with the departure of some senior managers and Nautilus's chairman).
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"The damage has been done on the Gulf Coast, where rocketing refinery runs - hark, above 0003 million barrels per day - and low net imports have drawn down oil inventories by 7 million barrels," said Matt Smith, director of commodity research at ClipperData.
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While there is reliable data for industrialized nations - showing stocks haven't drawn down in any meaningful way since the start of OPEC's and its allies' output cuts in January - there are at best only partial numbers for inventories in the developing world.
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The U.S. Congress in October appropriated $4.9 billion in loans for Puerto Rico and the U.S. Virgin Islands, but while the Virgin Islands were allowed access to the funds - and have drawn down around $200 million so far - Puerto Rico was not.
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The UAE has drawn down its numbers in some parts of Yemen, where it had set up large bases amid a four-year-old multi-layered war that is widely seen as a proxy battle between regional rivals Saudi Arabia and Iran.
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Air France KLM, like other major airlines heavily exposed to global flight restrictions imposed to try to limit the coronavirus's spread, said it had drawn down on 0.53 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.
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MEXICO CITY, March 24 (Reuters) - Mexican broadcaster Televisa said on Tuesday it has drawn down 14.771 billion pesos ($593 million) from its revolving credit facility to increase its cash position and preserve financial flexibility in response to the economic impacts of coronavirus.
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Air France KLM, like other major airlines heavily exposed to global flight restrictions imposed to try to limit the coronavirus's spread, said it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.
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Home Capital said on Friday its liquid assets stood at C$962 million at the end of Thursday, which, combined with the funds not drawn down on the HOOPP credit facility, gives it access to C$1.56 billion in available liquidity and credit capacity.
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UNITED NATIONS (Reuters) - The United Nations Security Council voted unanimously on Thursday to end its 13-year-long peacekeeping mission in Haiti and replace it with a smaller police, which would be drawn down after two years as the country boosts its own force.
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Home Capital said on Thursday its liquid assets stood at C$1.02 billion at the end of Wednesday, which, combined with the funds not drawn down on the HOOPP credit facility, gives it access to available liquidity and credit capacity of C$1.62 billion.
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"Inventories were drawn down in the month, which is scored as a negative in the report but is really a positive since it creates the potential for future production increases to replenish inventory levels," said John Ryding, chief economist at RDQ Economics in New York.
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Britain's state-backed RBS has committed 5 billion pounds of its 6 billion pound small business growth fund - partly designed to help businesses out with Brexit although only a small proportion of this has been drawn down, a source familiar with the situation said.
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However, the demand shock from Harvey is likely to be short-lived, and once the damage has been repaired and refineries re-open, it's also likely they will run as fast as they can in order to rebuild product inventories currently being drawn down.
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LONDON (Reuters) - A scorching hot, dry summer has ended five years of plenty in many wheat producing countries and drawn down the reserves of major exporters to their lowest level since 2007/08, when low grain stocks contributed to food riots across Africa and Asia.
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But it's also worth noting that the reduction in exports by OPEC doesn't appear to have resulted in less oil moving by tanker, meaning the shortfall has been made up by producers outside the agreement pumping more crude, or by inventories being drawn down.
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On the other hand, if global crude flows were being bolstered by inventories being drawn down as market participants feared the market was heading for backwardation, then this may be bullish over the medium to longer term for OPEC's aim of increasing the price.
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Britain's state-backed RBS has committed 5 billion pounds of its 6 billion pound small business growth fund - partly designed to help businesses out with Brexit – although only a small proportion of this has been drawn down, a source familiar with the situation said.
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While companies have drawn down cash from existing financing arrangements as the extent of the coronavirus crisis became clear in the past fortnight, few have secured fresh investment as banks and investors await more stable market conditions before making decisions on risk and pricing.
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According to a new Business Insider piece, Neumann is working with JPMorgan, UBS and Credit Suisse to consider new terms for a $500 million loan that he took out before WeWork filed to go public, and from which Neumann has already drawn down $380 million.
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Even as President Obama has drawn down the large American armies sent to Iraq and Afghanistan, he has relied heavily on Special Operations forces to train and advise local troops fighting the Islamic State, also known as ISIS or ISIL, and to carry out clandestine counterterrorism missions.
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He's drawn down 70 years of U.S. credibility, reliability, and consistency on such issues as NATO, relations with Canada and Mexico, and our alliances in Asia, to seek headlines and support from a minority of the electorate — often on the basis of false information and specious claims.
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PARIS, March 13 (Reuters) - Air France KLM, one of many airlines around the world that has been hit by the coronavirus crisis, said on Friday that it had drawn down on 1.1 billion euros ($1.2 billion) worth of its revolving credit facility to help its financial position.
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If the goal had passed unanimously, Europe would have become the biggest economic bloc yet to set a goal of becoming carbon neutral by 2050 — meaning it would have nearly eliminated planet-heating pollution from burning fossil fuels and drawn down any remaining carbon it releases.
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"We now expect single-family housing starts and sales of new homes to increase substantially, aided by a large uptick in new construction as builders work to replenish inventories drawn down by the recent surge in new home sales activity," said Fannie Mae chief economist Doug Duncan.
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PROVIDES FINANCIAL UPDATE * CLEAR CHANNEL OUTDOOR HOLDINGS INC - DRAWN DOWN $150 MILLION AVAILABLE UNDER ITS REVOLVING CREDIT FACILITY TO INCREASE LIQUIDITY * CLEAR CHANNEL OUTDOOR HOLDINGS INC - CLOSELY MONITORING SPREAD OF COVID-19 AND ITS IMPACT ON OUR GLOBAL BUSINESS Source text for Eikon: Further company coverage:
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UNITED NATIONS (Reuters) - The United Nations Security Council is due to vote on Thursday to close a 13-year-long peacekeeping mission in Haiti this year and replace it with a smaller police operation, which would be drawn down over two years as the country boosts its own force.
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"Market balances are unquestionably tightening, but concerns pertaining to the pace at which the global storage glut will be drawn down toward historically normal levels will be the focal point for the year ahead," said Michael Tran, director of energy strategy at RBC Capital Markets in New York.
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Oil supply was drawn down more than expected but the bigger story in this morning's EIA report appears to be the surge in gasoline demand as the summer driving season kicks into high gear, according to both John Kilduff of Again Capital and Andy Lipow of Lipow Oil Associates.
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With $30 a barrel oil prompting a supply response in terms of lower capital expenditure, LaMotte expects U.S. onshore production to decline by 1.2 million barrels a day in the next 12 months, prompting the market to drawn down on inventories from the second quarter onward to meet demand.
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On occasion, environmentalists have rightly urged more maintenance on the dams spillways, but largely to ensure that reservoir waters could be safely and efficiently drawn down and emptied when lawsuits forced water releases for fish restoration, bay area fresh-water infusions, and wild river runs to the ocean.
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During the week ending March 18, the most recent week for which data is available, JPMorgan was the most active provider of financing, playing a leading role in an estimated $78 billion worth of credit facilities that were drawn down, according to figures tracked by Standard & Poor's and Autonomous.
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McDonald's, for one, has drawn down $1 billion in credit from JPMorgan and other banks and also sold $3.5 billion in public bonds to counter the fact that "the negative financial impact to our results cannot be reasonably estimated" but may be "material," according to a regulatory filing.
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JPMorgan also said in its latest oil market outlook that "macro-economic risks may weigh on oil prices", although the U.S. bank added that oil prices would still likely rise between this year and the next as stocks are drawn down, and political risk and maturing oil fields tighten the market.
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Donald F. McGahn, a lawyer at Jones Day and former chairman of the Federal Election Commission who is representing Mr. Trump, said the construction loan was not initially disclosed because the Trump Organization had not drawn down on it as of the date listed on the 2015 Federal Election Commission filing.
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"Pittsburgh is a global case study on a city that knows what it is like to be drawn down a long road of reliance on a fossil fuel industry at the expense of public health and the environment," Court Gould, executive director of the environmental group Sustainable Pittsburgh, told CNN.
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"With a saddle dam breaking, it's flushing water into an area that's not used to having water inside it and it will continue to breach until the water can be diverted again, which is one option, or until the reservoir is drawn down to a level below the breach," Eyler told Reuters.
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But the resulting low prices, culminating in an apparent price bottom in May, attracted buyers for US soybeans, including Argentina, the world's third-largest exporter of soybeans, which has now become the fifth-largest importer of US soybeans, all in an effort to replenish much needed domestic supplies that were drawn down by Chinese buying.
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San Ramon, California-headquartered 24 Hour Fitness Worldwide has drawn down on all available funds under a US$120m revolving credit facility, according to the Wall Street Journal, joining a growing list of companies that have either drawn on existing revolvers or signed new bank loans to shore up liquidity in the last two weeks.
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Which is to say, it's clear I am no longer asleep, but I am most definitely in a comatose state of panic in which I grab my phone to see, as these last weeks have drawn down to the presidential election, what fresh hell has manifested on it in the hours I have not looked at the screen.
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The most obvious way to accomplish this is via a new "10/90" rule, wherein schools would be responsible for funding $0.10 in Income Share Agreements (ISAs) for every $0.90 drawn down in federal loans; ISAs are repaid by students following graduation (a fixed percentage of income for a fixed number of years, with a clear cap).
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The expensive bridge financing of C$2 billion provided by the Healthcare of Ontario Pension Plan (HOOPP) came with an effective interest rate of 22.5 percent on the first C$1 billion drawn down, and affected the company's ability to originate new mortgages since it cannot afford to lend money at lower rates than its cost of borrowing.
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Moreover, the company wants to patch up its balance sheet, but it now thinks it will pay down only about $1.7 billion of debt this year, compared with its previous estimate of more than $2 billion, and it had already drawn down $1.5 billion by the end of December – about double what it tapped just three months earlier.
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Opposition to such a move lies in the fact that the EU's external border would effectively then be drawn down the middle of the Irish Sea, at least symbolically challenging the unity of the U.K. Any plan that sees Northern Ireland "separated," in terms of regulation, from the U.K. is unpopular in both Westminster and among Northern Irish unionists.
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LONDON, Feb 22 (Reuters) - * Vitol executive committee member Chris Bake said 2018 oil demand is looking "fairly strong" * "OPEC remains disciplined and the consequences are visible in track down in inventories...Half a billion barrels of oil has been drawn down in a short period of time" * Bake said it was difficult to determine whether the industry had overbuilt incremental storage as reasons other than market structure play a role, such as changing trade patterns (Reporting by Julia Payne; editing by Jason Neely)
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Negative: Developments that may, individually or collectively, lead to negative rating action include: - Recurring EBITDA/interest expense at less than 1.0x for a sustained period (2017F: 1.2x) - Attributable presales/gross debt at less than 40% for a sustained period (2017F: 31%) - Net debt/net inventory at more than 60% for a sustained period (103F: 47%) LIQUIDITY Sufficient Liquidity: As of end-2016 Jababeka had an adjusted cash balance of around IDR740 billion, short-term debt maturity of IDR20 billion and a committed unused credit facility of around IDR490 billion, which is only available to be drawn down until 1Q17.
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