Word on the Street Friday 3/17/17:
Forex Rates:
| USD/IQD | | | 1,145.4000 | 1,145.4000 | 1,145.4000 | | 21:01 |
| USD/VND | | | 22,782.0000 | 22,315.0000 | 22,315.0000 | | 05:16 |
| USD/CNY | | | 6.9113 | 6.8943 | 6.8997 | | 07:49 |
| USD/KWD | | | 0.3048 | 0.3040 | 0.3048 | | 05:16 |
| GBP/USD | | | 1.2398 | 1.2324 | 1.2356 | | 07:49 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,355.0000 | 13,284.0000 | 13,284.0000 | | 07:45 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link:
DC NY Iraq Articles:
Security forces closed all roads leading to Tahrir Square in central Alsumaria News / Baghdad
http://translate.
A source in the police, on Friday, that the security forces began to close all roads leading to Tahrir Square in central Baghdad.
Security forces closed all roads leading to Tahrir Square in central Alsumaria News / Baghdad
http://translate.
Friday 17 March 2017
A source in the police, on Friday, that the security forces began to close all roads leading to Tahrir Square in central Baghdad.
The source said in an interview for the Sumerian News, "The security forces have, this afternoon, to impose strict security measures in central Baghdad, began with the closure of all roads leading to Tahrir Square."
The source, who asked not to be named, said: "road closures comes as a precaution security in conjunction with the date of the demonstration in Tahrir Square this afternoon, to demand a change of the Electoral Commission of comprehensive reforms."
It is noteworthy that the capital Baghdad and other provinces experiencing a week and over a year ago, demonstrations in protest against the rampant corruption in the government institutions, and to demand accountability of officials suspected of corruption issues and the implementation of government reforms.
Transport Minister discuss with the Italian rail company create a line between Najaf and Karbala
History of edits:: 2017/3/17 9:53 • 75 visits readable
{Baghdad: Euphrates News} Search and Transport Minister Kazem cup of erythema and his accompanying delegation, during his visit to Rome with a company Italferr} {Aatelvir Engineering, a subsidiary of the state railway Italian competent establishment of rail projects in Iraq.
According to a statement of the ministry and the agency {Euphrates News} received a copy of it, that the erythema "discussed with the director of the company means to establish Skki line between Najaf and Karbala," calling on the company to "work in Iraq and the rehabilitation of the railway lines and trains run passengers and cargo to move."
The company Aatelvir} {Italian have similar business in the UAE, Iran and other parts of the Middle Aloost.anthy
The company Aatelvir} {Italian have similar business in the UAE, Iran and other parts of the Middle Aloost.anthy
Chinese - Iraqi talks in the field of investment and the advancement of the industrial reality
General Company for Steel Industries discussed with a delegation from the Chinese company the possibility of joint cooperation and investment to draft rolling mill and continuous casting for the advancement of the industrial reality and achieve a quantum leap in this area.
The director of the Information Center and Public Relations at the Ministry Abdul Wahid al - Shammari said in a statement, that the company is represented by its General Manager Jalal Abbas Hussein discussed with the Chinese delegation headed by the managing director of the company 's beauty couches, the possibility of cooperation in the field of investment and partnership for the implementation of the draft rolling mill and continuous casting to bring in an integrated production line and within international standards and keep pace with the industrial development in the world, for the production of rebar and fill the market need of this product, stressing that the choice of the contract to the Chinese side either be within the investment law, participation , or for non - manufacturing formula. - See more at:
The director of the Information Center and Public Relations at the Ministry Abdul Wahid al - Shammari said in a statement, that the company is represented by its General Manager Jalal Abbas Hussein discussed with the Chinese delegation headed by the managing director of the company 's beauty couches, the possibility of cooperation in the field of investment and partnership for the implementation of the draft rolling mill and continuous casting to bring in an integrated production line and within international standards and keep pace with the industrial development in the world, for the production of rebar and fill the market need of this product, stressing that the choice of the contract to the Chinese side either be within the investment law, participation , or for non - manufacturing formula. - See more at:
Iraq received a new batch of Korean aircraft
Baghdad Journal News
The Defense Ministry announced Thursday, the arrival of the first meal of the fighter aircraft of the Korean-made T50 to Iraq.
The commander of Air Force Lt. Gen. Anwar Hama Amin, in a statement seen by the "Journal News", "The aircraft arrived with technical equipment and weapons own and pilots and technicians of the initial payment of training on this type of aircraft."
Amin added, "This aircraft will enter service in the near future and will join the rest of the aircraft air operations against terrorist organizations and protecting the skies of Iraq against any aggression it."
Magda Tamimi accuses the Electoral Commission of lying: evade questioning at today's meeting
BAGHDAD / tomorrow Press:
Received an MP for the Liberal bloc, Majida al-Tamimi, on Thursday, the election commission not to claim the arrival of an official letter from the House of Representatives to setting a date for the questioning, saying that the commission "lie and evade interrogation."
She said Tamimi, for "tomorrow's Press," that "the Commission said of the non-arrival of an official letter from the House of Representatives to, setting a date for the questioning, the word of a lie and untrue," indicating that "a Commission to Parliament and not to the government, and in the House of Representatives told President of the Council for twice that on the date of 16/3 interrogation. "
She stressed that "more than once announced that they are, through a press conference, on the date of the interrogation, as well as the presence of an official letter sent by the Council to the Commission, in addition to the Report of the Government representative about it," indicating that "the parliamentary department director contacted in front of UNHCR and told them the book."
He said al-Tamimi, said that "the party that lie to the people and official institutions do not deserve to stay the job," arguing that "the words of Commissioner escape from the interrogation and confirm the suspicions of corruption and I will call to the dismissal without questioning."
She noted that "any official questioned intend to offer sick leave or say we have not received the book Balastdaa evasion from the audience."
An official source in the electoral commission, on Wednesday, for "tomorrow's Press," not to the receipt of any official letter from the House of Representatives to the Commission determines the date of the interrogationy
Who is the Iraqi official candidate for the leadership of UNESCO?
History of edits:: 2017/3/16 20:55 • 223 visits readable
{Baghdad: Euphrates News} Michael Aris and chairman of the Executive Board of the United Nations Educational, Scientific and Cultural Organization UNESCO {}, on Thursday, the official list of candidates for the post of Director General of the International Organization successor to the Bulgarian Irina Bokova announced.
The list included nine candidates, including four Arabs are Egyptian Khattab, and Hamad bin Abdulaziz Al Kuwari, the Iraqi Saleh al-Hasnawi, the Lebanese Vera Khoury Aquih.
The other five were Azerbaijani Foolad Bulbul oglu, and Pham San Shao, and Chinese Qian Tang, French Audrey Azoulay, and Juan Alfonso Fontsoeria from Guatemala.
UNESCO said in a statement, will be listening to the nine candidates for the post during the first session after the bicentennial of the Executive Council on 26 and 27 of next April.
The winner will be selected in two stages gets in first on the approval of the Executive Board of UNESCO in October, the candidate then gets a second approval by the FAO Conference in November.
The term of office of the official mandate of four years may then run for a second term and Ojerh.anth
Kauaihn Iraq Articles:
Consultant Abadi reveals the size of Iraq's debt
Economic Adviser to the Prime Minister Haider al - Abadi, on Thursday, revealed the size of Iraq 's debt after the recent statements of the Finance Committee , which said it exceeds $ 100 billion, confirming that it is $ 46 billion.
Saleh said in a statement / information /, " The parliamentary Finance Committee 's remarks on Iraq 's debt size is exaggerated , " noting that "there are $ 40 billion , subject to the agreement of the Paris Club and return to the nine countries that have not been settled so far , and in the majority of illegal claims not out to her".
He added that " it was written off other debts increased by 80-100 percent, while the other debt and $ 46 billion represents the internal debt, not foreign ungovernable , " explaining that " the installation of religion and the concept differ according to the principle of proportionality."
And Saleh, that "there is a standard of debt requires no more than 3 percent of gross domestic product, as we are now at 8 percent , meaning the debt still exists, in other words , but public debt balance over 60 percent of GDP , which is the rate that we've got to and it is within safe levels, according to the global scale. " Finished / 2
Alasaib reveal Washington's intention to form a new Awakening in the liberated areas
It revealed the League of the Righteous Movement, on Thursday, about the intention of the United States forming an armed factions outside the framework of the state and the law in the liberated areas, noting that the fate of the project is a failure , as happened in the Awakening.
Tlabawi said in a statement / information /, " The US side is currently working on forming an armed factions outside the framework of the state and the law in order to impose his influence in the liberated areas, especially in western areas of Iraq."
He added that " the current situation is not likely to further escalation, particularly in conjunction with the defeat of terrorism and the elimination of other factions Daesh in Mosul."
He Tlabawi, that "those forces aimed at implementing the US agendas in the liberated areas after the elimination of America Bdaash project", adding that " the fate of the project is a failure , as happened in the Awakening in advance." Finished / 25 d
A senior Saudi official meet with Barzani and confirms its support for the independence of Kurdistan
Chancellor announced Saudi Royal Diwan Abdullah bin Abdul Aziz bin Mohammed Al - Rabiah, expressed his country 's support for the independence of the Kurdistan region of Iraq.
Iranian newspaper "Kayhan" quoted Al - Rabiah said after returning from Iraqi Kurdistan: "I found this a successful visit , where she spoke with the head of Iraq 's Kurdistan region , Massoud Barzani , on the latest events of the region and went to the resistance of the Kurdistan region during the past two years against terrorism and trying to shelter refugees and victims of war worthy with appreciation and praise. "
He added that "Kurdistan has numerous possibilities in the fields of economic, cultural, political, and military , which caused the inability of Iran and Turkey to overcome this power during the last three decades. This resistance to prove the independence of Kurdistan and its ability to maintain full stability. "
The newspaper found that "this matter reveals how Saudi hypocrisy and plotting because Adel al - Jubeir said in his recent visit to Baghdad that the Kingdom is keen on Iraq 's unity and territorial integrity and it stands at a distance and balances of all components." Finished / 25
Iraqi ambassador to Tehran: Iran not to hit the region, however, terrorists
He praised the Iraqi ambassador in Tehran Rajeh al - Moussawi, Thursday, Iran 's role in the fight against terrorist groups and helping Iraq in its war against "Daesh , " adding that without Iran to the region , however , fell terrorists.
Moussawi said in remarks reported by the newspaper "reconciliation" Iranian its issue today and seen by / information /, " The neighboring Iran and Iraq in this strategic region is important because these two countries today and in cooperation together serve humanity and will have a big role in the future of humanity. They have many participants."
Al - Moussawi said, " The Islamic Republic is a leading Islamic unity and represents the spearhead against the plots cultivated by the enemies against the region , " adding that " the Islamic Republic had a president position in support of Iraq and without which plunged the region , however , the terrorists."
The Iraqi ambassador pointed out that "all that we see today in the region of foreign presence and terrorists caused by the former Saddam regime who came to these foreigners to the region." Finished / 25
Reform: Saudi Arabia outlines the division of Iraq and we do not expect a positive attitude from it
The reformist parliamentary bloc on Thursday criticized the remarks made by Saudi royal adviser Abdullah al-Rabiah, who said he supported the secession of Kurdistan from Iraq, while cautioning that Riyadh was drawing the outline of dividing the country, calling for no positive position from Saudi Arabia.
"Saudi Arabia is working today to outline the division of Iraq and prepare for the post, with the help of some conspirator politicians and traitors," said the deputy of the Front Iskandar and Tutt. "The meeting between Rabiaa and Massoud Barzani comes within this framework."
"The Saudi intervention in Iraq has become open and open," he said, calling for "not to expect any positive attitude from Saudi Arabia towards Iraq."
The adviser in the Royal Royal Court of Saudi Arabia Abdullah bin Abdul Aziz bin Mohammed al-Rabiah announced during a meeting with Kurdistan Regional President Massoud Barzani, his country's support for the independence of the Kurdistan region of Iraq. Ending / 25
Kauaihn Economic Times:
GLOBAL/ NEWS/ INFO
Letter bomb sent to IMF office explodes: reports
MarketWatch
MarketWatch
A letter delivered to the International Monetary Fund's office in Paris exploded, injuring one person, according to media reports Thursday. The incident comes after a suspicious package containing explosives was found Wednesday at the German finance ministry in Berlin. That package was found in the mail-handling area of the building, but wasn't opened. Read the full story
Lagarde says blast at Paris IMF office "cowardly act of violence"
"I condemn this cowardly act of violence and reaffirm the IMF's resolve to continue our work in line with our mandate."
Read more: http://www.cnbc.com/id/
No American city makes the list of the world’s Top 20 best places to live
MarketWatch
MarketWatch
But Europe features heavily on the list of destinations with the best quality of life. Read the full story
13 mortgage facts that might surprise you
USA TODAY
USA TODAY
These nuggets of knowledge are not only interesting, but they can save you many thousands of dollars, too, when it comes to getting or paying off a mortgage. Read the full story
OIL / COMMODITIES / ENERGY
Coal isn't dead yet and the railroads are loving it
Business Insider
By January 2016, some investors believed that the final nail had been hammered into the coffin of the American coal industry, but then something surprising happened. According to research from UBS, coal prices and production, along with the stocks of companies involved in coal, began to slowly turn around. This came as natural gas prices rose for the first time in years, taking the pressure off coal. It is still expected that the long-term prospects for coal are grim. However, when Donald Trump Read the full story
Gold fever — here’s what will keep the metal hot, post-Fed
MarketWatch
Gold investors found something to like in the latest Fed decision, and the dollar’s slide is doing the commodity and miners a favor as well. Our chart of the day says look out for these signs that the good times will keep rolling for the precious metal. Read the full story
Gold hits one-week high as Fed signals only gradual rate hikes
Gold hit a one-week high on Thursday after the U.S. Federal Reserve signaled a cautious stance.
Read more: http://www.cnbc.com/id/
OIL / COMMODITIES / ENERGY
Coal isn't dead yet and the railroads are loving it
Business Insider
Business Insider
By January 2016, some investors believed that the final nail had been hammered into the coffin of the American coal industry, but then something surprising happened. According to research from UBS, coal prices and production, along with the stocks of companies involved in coal, began to slowly turn around. This came as natural gas prices rose for the first time in years, taking the pressure off coal. It is still expected that the long-term prospects for coal are grim. However, when Donald Trump Read the full story
Gold fever — here’s what will keep the metal hot, post-Fed
MarketWatch
MarketWatch
Gold investors found something to like in the latest Fed decision, and the dollar’s slide is doing the commodity and miners a favor as well. Our chart of the day says look out for these signs that the good times will keep rolling for the precious metal. Read the full story
Gold hits one-week high as Fed signals only gradual rate hikes
Gold hit a one-week high on Thursday after the U.S. Federal Reserve signaled a cautious stance.
Read more: http://www.cnbc.com/id/
Oil prices rally, boosted by weaker dollar and drop in U.S. supply
MarketWatch
MarketWatch
Oil extends gains as dollar and US stocks fall
Crude oil prices rose on Thursday to extend gains from the previous session.
BANKS / BANKING
Banks increase prime rates after Fed announcement
The prime rate has been at 3.75 percent during most recent weekly surveys.
Read more: http://www.cnbc.com/id/
Lloyds Poised to Grow Investment Banking, If Not by That Name
Oil extends gains as dollar and US stocks fall
Crude oil prices rose on Thursday to extend gains from the previous session.
Banks increase prime rates after Fed announcement
The prime rate has been at 3.75 percent during most recent weekly surveys.
Read more: http://www.cnbc.com/id/
Lloyds Poised to Grow Investment Banking, If Not by That Name
Bloomberg
Lloyds Banking Group Plc is ready to grow its investment bank. Just don’t call it that. Read the full story
Bank of England votes 8-1 to hold interest rate at 0.25 percent
BOE errs on the side of caution until more clarity emerges on the Brexit process and the U.K. economy's capacity to manage outside the European Union.
Read more: http://www.cnbc.com/id/
Swiss National Bank Retains Negative Interest Rate
RTTNews
RTTNews
The Swiss National Bank retained its expansionary monetary policy on Thursday, and reaffirmed its stance to remain active in the foreign exchange market to prevent the franc from appreciating. The interest rate on sight deposits at the central bank was kept unchanged at -0.75 percent and the target range for the three-month Libor was retained between -1.25 percent and -0.25 percent, the bank saidRead the full story
Bank of Russia Says to Rebuild Reserves After Hitting Price Goal
Bloomberg
Bloomberg
Russia’s central bank has grown so focused on price growth that it’s making a resumption of foreign-currency purchases for reserves conditional on meeting its inflation target, according to the head of its monetary policy department. Read the full story
BOJ keeps policy steady as Fed sticks to rate-hike path
The Bank of Japan kept monetary policy steady on Thursday in the wake of the U.S. Federal Reserve's interest rate hike.
Read more: http://www.cnbc.com/id/
TREASURIES/ BONDS/ STOCKS
Bill Gross: This could cause 'hell' to break loose in the global bond market
The Fed raised rates again, but the actions by two other central banks are the most important thing to watch right now, bond guru Bill Gross said.
Read more: http://www.cnbc.com/id/
US Treasurys prices head lower after Fed rate hike
U.S. government debt prices were lower on Thursday morning as investors eyed a big batch of data.
Read more: http://www.cnbc.com/id/
European markets higher; banks hit 18-month high; Anglo American up 8%
Markets in Europe moved higher on Thursday following the U.S. Federal Reserve announcement of a new rate hike.
Read more: http://www.cnbc.com/id/
Asia Bond Investors Need to Curb Their Enthusiasm
Bloomberg
TREASURIES/ BONDS/ STOCKS
Bill Gross: This could cause 'hell' to break loose in the global bond market
The Fed raised rates again, but the actions by two other central banks are the most important thing to watch right now, bond guru Bill Gross said.
Read more: http://www.cnbc.com/id/
US Treasurys prices head lower after Fed rate hike
U.S. government debt prices were lower on Thursday morning as investors eyed a big batch of data.
Read more: http://www.cnbc.com/id/
European markets higher; banks hit 18-month high; Anglo American up 8%
Markets in Europe moved higher on Thursday following the U.S. Federal Reserve announcement of a new rate hike.
Read more: http://www.cnbc.com/id/
Asia Bond Investors Need to Curb Their Enthusiasm
Bloomberg
Record junk sales sit uncomfortably with expectations of three U.S. rate increases this year. Read the full story
Asia markets trade higher; dollar weakness in focus
Shares in Asia see-sawed on Thursday, as investors digested monetary policy decisions from the Bank of Japan, People's Bank of China and the Fed.
Read more: http://www.cnbc.com/id/
CURRENCIES
Global Markets: Dollar crunched, bonds rally as Fed raises interest rates
Business Today
US Federal Reserve raises interest rates by 25 basis points causing the US dollar to crunch and sovereign bonds to rally in trade. Read the full story
Dollar steadies after worst fall in two months
The euro stood tall on Thursday after Dutch election exit polls pointed to a comfortable win by the prime minister.
Read more: http://www.cnbc.com/id/
Record junk sales sit uncomfortably with expectations of three U.S. rate increases this year. Read the full story
Asia markets trade higher; dollar weakness in focus
Shares in Asia see-sawed on Thursday, as investors digested monetary policy decisions from the Bank of Japan, People's Bank of China and the Fed.
Read more: http://www.cnbc.com/id/
CURRENCIES
Global Markets: Dollar crunched, bonds rally as Fed raises interest rates
Business Today
Business Today
US Federal Reserve raises interest rates by 25 basis points causing the US dollar to crunch and sovereign bonds to rally in trade. Read the full story
Dollar steadies after worst fall in two months
The euro stood tall on Thursday after Dutch election exit polls pointed to a comfortable win by the prime minister.
Read more: http://www.cnbc.com/id/
Fed raises rates at March meeting
The markets widely expected the Fed would raise its benchmark interest rate a quarter point.
Read more: http://www.cnbc.com/id/
The Fed's latest rate hike is going to hit your wallet soon
Business Insider
Screenshot via YouTube On Wednesday, the Federal Reserve lifted its fed funds rate for the second time in just three months and markets responded nearly immediately. Less immediate is the impact it could have on your wallet. Most simply, the fed funds rate determines the interest rate at which banks borrow money short term. This increase is then passed on to other borrowers, mostly consumers, through higher rates on things like credit-card debt. And this debt is based on the banks' prime loan Read the full story
U.S. jobless claims fall as labor market tightens
Reuters
The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in the labor market. Read the full story
Here are the winners and losers in Trump's first budget
Business Insider
U.S. President Donald Trump (2nd L), flanked by Secretary of State Rex Tillerson (L), Defense Secretary James Mattis (2nd R) and Commerce Secretary Wilbur Ross (R), holds a cabinet meeting at the White House in Washington, U.S. March 13, 2017. WASHINGTON (AP) - Military spending would get the biggest boost in President Donald Trump's proposed budget. Environmental programs, medical research, Amtrak and an array of international and cultural programs - from Africa to Appalachia - would take big Read the full story
EMERGING MARKETS
Pimco Adviser’s ‘Trade of a Decade’ Beckons in Emerging Markets
Bloomberg
The investor who called emerging markets the “trade of a decade” before their rally last year sees further gains to come from developing-nation assets. Read the full story
Brazil warns of the perils of a closed economy ahead of G20 talks
CNBC
Brazil’s Finance Minister has said that he is ready to listen to the U.S.’s policies on trade at this weekend’s G20 meeting but argues free trade is best. Read the full story
Fed raises rates at March meeting
The markets widely expected the Fed would raise its benchmark interest rate a quarter point.
Read more: http://www.cnbc.com/id/
The Fed's latest rate hike is going to hit your wallet soon
Business Insider
Screenshot via YouTube On Wednesday, the Federal Reserve lifted its fed funds rate for the second time in just three months and markets responded nearly immediately. Less immediate is the impact it could have on your wallet. Most simply, the fed funds rate determines the interest rate at which banks borrow money short term. This increase is then passed on to other borrowers, mostly consumers, through higher rates on things like credit-card debt. And this debt is based on the banks' prime loan Read the full story
U.S. jobless claims fall as labor market tightens
Reuters
Reuters
The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in the labor market. Read the full story
Here are the winners and losers in Trump's first budget
Business Insider
Business Insider
U.S. President Donald Trump (2nd L), flanked by Secretary of State Rex Tillerson (L), Defense Secretary James Mattis (2nd R) and Commerce Secretary Wilbur Ross (R), holds a cabinet meeting at the White House in Washington, U.S. March 13, 2017. WASHINGTON (AP) - Military spending would get the biggest boost in President Donald Trump's proposed budget. Environmental programs, medical research, Amtrak and an array of international and cultural programs - from Africa to Appalachia - would take big Read the full story
EMERGING MARKETS
Pimco Adviser’s ‘Trade of a Decade’ Beckons in Emerging Markets
Bloomberg
Bloomberg
The investor who called emerging markets the “trade of a decade” before their rally last year sees further gains to come from developing-nation assets. Read the full story
Brazil warns of the perils of a closed economy ahead of G20 talks
CNBC
CNBC
Brazil’s Finance Minister has said that he is ready to listen to the U.S.’s policies on trade at this weekend’s G20 meeting but argues free trade is best. Read the full story
MIDDLE EAST
MIDDLE EAST
The U.S. secretary of state said a freeze of North Korea's nuclear program was not enough and warned of pre-emptive action
Tillerson Says No Negotiations With North Korea on Nuclear Program
Mr. Tillerson’s comments in Seoul, a day before he travels to Beijing to meet Chinese leaders, explicitly rejected any return to the bargaining table in an effort to buy time by halting North Korea’s accelerating testing program, which the country’s leader, Kim Jong-un, said on New Year’s Day was in the “final stages” of preparation for the first launch of an intercontinental ballistic missile that could reach the United States https://www.nytimes.com/2017/
KSA, China ink deals worth $65bn
Mubasher
Riyadh – Mubasher: Saudi Arabia signed a number of trade, economic, and military agreements with China, besides memorandums of understanding (MoU) worth $65 billion (SAR 243.75 billion). The signing came on the sidelines of Saudi King Salman’s … Read the full story
Mr. Tillerson’s comments in Seoul, a day before he travels to Beijing to meet Chinese leaders, explicitly rejected any return to the bargaining table in an effort to buy time by halting North Korea’s accelerating testing program, which the country’s leader, Kim Jong-un, said on New Year’s Day was in the “final stages” of preparation for the first launch of an intercontinental ballistic missile that could reach the United States https://www.nytimes.com/2017/
KSA, China ink deals worth $65bn
Mubasher
Mubasher
Riyadh – Mubasher: Saudi Arabia signed a number of trade, economic, and military agreements with China, besides memorandums of understanding (MoU) worth $65 billion (SAR 243.75 billion). The signing came on the sidelines of Saudi King Salman’s … Read the full story
China, Saudi Arabia eye $65 bln in deals as king visits
Saudi Arabia's King Salman oversaw the signing of deals as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
Read more: http://www.cnbc.com/id/
ASIA
Win Streak May Continue For China Stock Market
RTTNews
The China stock market has finished higher in three straight sessions, collecting almost 30 points or 0.9 percent along the way. The Shanghai Composite Index now rests just above the 3,240-point plateau, and the market may extend its gains on Thursday. Read the full story
China raises short-term interest rates for 3rd time in as many months
China's central bank raised short-term interest rates for the third time in as many months on Thursday.
Read more: http://www.cnbc.com/id/
Evidence that China is no currency manipulator
Macroeconomic data shows little evidence of Chinese currency manipulation, according to S&P Global Ratings.
Read more: http://www.cnbc.com/id/
ASIA
Win Streak May Continue For China Stock Market
RTTNews
RTTNews
The China stock market has finished higher in three straight sessions, collecting almost 30 points or 0.9 percent along the way. The Shanghai Composite Index now rests just above the 3,240-point plateau, and the market may extend its gains on Thursday. Read the full story
China raises short-term interest rates for 3rd time in as many months
China's central bank raised short-term interest rates for the third time in as many months on Thursday.
Read more: http://www.cnbc.com/id/
Evidence that China is no currency manipulator
Macroeconomic data shows little evidence of Chinese currency manipulation, according to S&P Global Ratings.
Read more: http://www.cnbc.com/id/
EUROPE
U.K.'s Brexit bill approved by the queen: reports
MarketWatch
Queen Elizabeth II has approved the U.K. government's Article 50 bill that paves the way for the start of the Brexit process, reports said Thursday. The queen gave her Royal Assent to the bill that was passed earlier this week by British lawmakers. U.K. Prime Minister Theresa May is expected to trigger the start of the process later this month. Read the full story
Brexit has started to kill off jobs in London: 'We’ve already witnessed, what was a handful of jobs leaving, become hundreds. How long before we’re looking at losing thousands, even millions?'
Business Insider UK
Charles Clark/Business Insider LONDON – The number of new available jobs in the the UK's financial centre fell 17% in February year-on-year to 6,945, according to a survey by Morgan McKinley. The number of people seeking jobs dropped by a huge 38% from February 2016, while month-on-month the number of fresh open positions decreased by 23% in February. Those who did find new jobs in February got an average of a 19% pay rise. See the rest of the story at Business Insider NOW WATCH: A $2.5 trillion Read the full story
Live: Sterling spikes as BOE holds rates at last meeting before triggering Article 50
Our live blog is tracking markets as Bank of England holds rates at its last meeting before triggering Article 50
Read more: http://www.cnbc.com/id/
EUROPE
U.K.'s Brexit bill approved by the queen: reports
MarketWatch
MarketWatch
Queen Elizabeth II has approved the U.K. government's Article 50 bill that paves the way for the start of the Brexit process, reports said Thursday. The queen gave her Royal Assent to the bill that was passed earlier this week by British lawmakers. U.K. Prime Minister Theresa May is expected to trigger the start of the process later this month. Read the full story
Brexit has started to kill off jobs in London: 'We’ve already witnessed, what was a handful of jobs leaving, become hundreds. How long before we’re looking at losing thousands, even millions?'
Business Insider UK
Business Insider UK
Charles Clark/Business Insider LONDON – The number of new available jobs in the the UK's financial centre fell 17% in February year-on-year to 6,945, according to a survey by Morgan McKinley. The number of people seeking jobs dropped by a huge 38% from February 2016, while month-on-month the number of fresh open positions decreased by 23% in February. Those who did find new jobs in February got an average of a 19% pay rise. See the rest of the story at Business Insider NOW WATCH: A $2.5 trillion Read the full story
Live: Sterling spikes as BOE holds rates at last meeting before triggering Article 50
Our live blog is tracking markets as Bank of England holds rates at its last meeting before triggering Article 50
Read more: http://www.cnbc.com/id/
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The ISX is closed on Friday and Saturday
Kauaihn Chatter:
3-16-2017 Intel Guru Frank26 Today...Jubari from Parliament tells Abadi ...“I want to discuss the IMPLEMENTATION of the 2017 budget”. Iraq has really never had a budget...they’ve had it prepared...but never really opened it...just rolls from year to year. Why? Because they are on a program rate. ...the best thing to do is to implement the budget…because you would implement the new rate. Let’s see what happens with Trump and Abadi.
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail.Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!
3-16-2017 Newshound Guru mike Article: "government policy support programs in the face of the bank and the International Monetary Fund" Quote: "Decades of government support in the Arab countries, policies have not succeeded in raising the level of the Arab economy and the citizen." This is Iraq's problem, the GOI keep trying to come up with solutions and they consistently fail.Create the legislation necessary for outside investment, empower and support the private banks and move your currency to Article VIII. Government solutions don't work.
3-16-2017 Newshound/Intel Guru loop Article: "Alheims: the government was forced to borrow because of the external costs of the war effort Banks" Quote: "...he pointed to the achievement of the proportion of the profits of the bank increased by 300%, confirmed go half to the Treasury the public." TBI increased it's profits by 300%! It's amazing how profits soar when people are not stealing the money! This little article speaks volumes on how effective the monitoring of the banking system is. A 300% increase in profits under normal economic conditions is beyond huge. Folks Iraq is at war and the TBI saw a 300% increase in profits. That is simply unheard of.
3-16-2017 Newshound/Intel Guru BGG Here's a weird tidbit - just happened this AM ...they changed the way they list the currency auctions - this AM...no rate - they took out the 1182 part. NADA. MIA.
3-16-2017 Intel Guru Frank26 Donald Trump wants security across the entire region...We know Abadi will see Trump on the 19th...and I said earlier...maybe even like tomorrow [Thursday]. IMO...after they are done talking... (several days possible)...then Abadi will leave and will go to the Arabic Summit Meeting. Do you think that Abadi will tell Trump that Mosul is liberated? Will he tell the whole Middle East that terrorism and Daesh is gone? Did you know that about 3 days ago on Iraqi TV...they told the citizens that they are 100% liberated? Could this be why Abadi is coming to America to meet with Trump? I believe we will see things after Abadi visits with Donald Trump. In my strong opinion...I believe Abadi will need to be in Iraq when the announcement happens to lift the value.
[post 2 of 2]
3-16-2017 Intel Guru Frank26 Abadi said in January 2017...Iraq will be an international nation...lifting the value of their currency...BUT...the Governor of the CBI was told to postpone it...which brings us right to where we are...right now. The private sectors have met with the IMF...the first 4 days of this 2 week meeting...that is unheard of. Starting about now (IMF meetings with the CBI)...they will talk about their exchange rate, and monetary policy. That’s why Saleh came out and said that the financial crisis will be behind them...deficit will be lifted...HOW ARE THEY GOING TO DO THAT? ...about 6 days ago...the finance committee hosted Allaq (CBI Governor)...wanted to know if they could talk about the exchange rate. At the start of 2017...we were told they were going to lift the 3 zeros...but it looks like they were given a VARIANCE ...it appears that we are at the end of that VARIANCE right now. They are more than ready to lift the value...as far as the technology, mechanism...the CBI is ready. Yes...Iraq’s leaders feel they are ready. [post 1 of 2....stay tuned]
3-16-2017 Intel Guru ADMINBILL I HAVE HAD A FEW CALLS WHICH REMAIN POSITIVE AS I DO. I WILL KEEP THE ALERT COLOR THE SAME BECAUSE I REMAIN VERY OPTIMISTIC THAT WE ARE NEARER THAN EVER. AS OF LAST NIGHT, I AM FAIRLY CERTAIN THAT THOSE PUSHING THIS FORWARD ARE JUST AS ANXIOUS AS WE ARE TO PUT THIS BEHIND THEM. [reference ADMINBILL post 3-12-2017]
3-16-2017 Newshound/Intel Guru BGG Article: "(Reuters) Iraqi Prime Minister Haider al-Abadi said the government offensive to recapture the city of Mosul from Islamic State militants was in its final stages." Mosul moving to an end soon. Boom. [Whats your thoughts...that an rv happen could happen before april or during april. Being info. out of Iraq is usually already happened so mosul prob closer to done sooner than later!] Not sure - but I'm very excited I'm still in this thing!
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi congratulates brothers Mandaeans occasion of the feast of creation
We extend our congratulations to our brothers and our belonging to this dear homeland brothers Mandaeans Baandahm the occasion of the creation festival Albroonaya and wish them happiness and intimacy Time They live together with their fellow Iraqis and share their life on the land of Mesopotamia, which is defended in all of them to be our country safer stable in which our children live on all walks of life life of dignity and partnership and one goal.
Information Office of the Prime Minister
16 March 2017
Information Office of the Prime Minister
16 March 2017
***************
ARTICLE 1-B (from PM Abadi's website; posted on both Arabic and English sides)
Prime Minister Dr. Haider al-Abadi on the occasion of the anniversary of the crime of Halabja: We fought a generation of terrorists were an extension of the defunct Baath regime
Palm recall the very day one of the former dictatorial regime which committed the crime of Halabja that killed thousands of innocent Iraqi Kurds in the genocide with chemical weapons offenses effects are still living witness to what he did Baath buried people ..
While we enjoy today freedom of a pluralistic democratic system shared by all aspire to move towards building the future of our people in a safe country and the state to protect its people, we have fought a generation of terrorists and gangs that were an extension of the Baathist regime buried and won and we will promote this victory to maintain our people and defend their freedom all costs.
Compassion for those who have fallen victim to the defunct Baath regime from north to south and from our people in Halabja and will continue to shame never prosecuted those who committed this crime against our children will not only strengthen our Astzkarha unity and strength and flashlight to the principle of justice and truth.
Information Office of the Prime Minister
16 March 2017
While we enjoy today freedom of a pluralistic democratic system shared by all aspire to move towards building the future of our people in a safe country and the state to protect its people, we have fought a generation of terrorists and gangs that were an extension of the Baathist regime buried and won and we will promote this victory to maintain our people and defend their freedom all costs.
Compassion for those who have fallen victim to the defunct Baath regime from north to south and from our people in Halabja and will continue to shame never prosecuted those who committed this crime against our children will not only strengthen our Astzkarha unity and strength and flashlight to the principle of justice and truth.
Information Office of the Prime Minister
16 March 2017
*************
ARTICLE 2
Abadi and Hakim discuss the reality of the National Alliance and the victories of Mosul and important legislation
2017/3/16 23:00
[Baghdad: where]
Search Prime Minister Haider Abadi during his visit to the President of the National Alliance Ammar al-Hakim, the most prominent political and security files on the Iraqi arena.
Search Prime Minister Haider Abadi during his visit to the President of the National Alliance Ammar al-Hakim, the most prominent political and security files on the Iraqi arena.
"The two parties discussed Thursday during the meeting that took place in the office of the wise in Baghdad, the results of the war on the dashing and victories achieved by the security forces and popular and tribal mobilization and Peshmerga in the right coast."
"We discussed the situation of the displaced and how to alleviate their suffering in the possible and available ways and work to bring them back to their homes as soon as possible after the removal of excruciating waste," he added.
The statement pointed out that "the recent visits to Iraq by Arab and foreign officials have been discussed as evidence of Iraq's restoration of its Arab role."
He added that "the meeting witnessed an exchange of views on the reality of the National Alliance, stressing that" the coalition continues in the institutional work through the committees to support the government's path and develop a unified vision on crucial issues and legislation, stressing the importance of passing legislation affecting citizens and contribute to support the tracks of the state. "
"We discussed the situation of the displaced and how to alleviate their suffering in the possible and available ways and work to bring them back to their homes as soon as possible after the removal of excruciating waste," he added.
The statement pointed out that "the recent visits to Iraq by Arab and foreign officials have been discussed as evidence of Iraq's restoration of its Arab role."
He added that "the meeting witnessed an exchange of views on the reality of the National Alliance, stressing that" the coalition continues in the institutional work through the committees to support the government's path and develop a unified vision on crucial issues and legislation, stressing the importance of passing legislation affecting citizens and contribute to support the tracks of the state. "
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ARTICLE 3
International Chess Championship Iraq kicks off today with the participation of 14 countries
2017/3/16 9:09
[Oan- Baghdad]
Kicks off on Thursday, in the Peace Tower Hall in Baghdad, Iraq International Chess Championship for the fifth with the participation of 14 countries.
Kicks off on Thursday, in the Peace Tower Hall in Baghdad, Iraq International Chess Championship for the fifth with the participation of 14 countries.
The head of the Iraqi Chess Federation, Zafer Abdel Amir, in a press statement, that "the delegations of 7 countries have arrived so far, they are Uzbek Alex Barsov winning Grande Master [GM] certificate, Sameh Mohammad Sadiq, and the Georgian Merab Jajonahvili who holds Master Certificate [GM ]. "
"As I arrived Alookranatan Olga players in Abyei [WGM], and Markerata Nowickova, as well as players from Iran, the main referee of the tournament Mr. Khalili."
Abdul Amir said that "the Syrian delegation also arrived and the author of the head of the delegation Suleiman Hassan, and 3 players are: Rola Mahmoud, Manar Khalil, Fatima Mourad, and the Armenian delegation, represented by the player Artur Jargiozaan."
He pointed out that the Turkish delegation, which will be represented by the player Shahin Hajiyev, arrived on Wednesday, as well as the delegation of Azerbaijan, represented by the light Aliyev player. "
He explained, "The arrival of teams of South Africa, Belgium, Lebanon, and Palestine, today, to be the total number of participating countries 13 countries in addition to Iraq."
He concluded: "The purpose of the tournament, is to give the opportunity for our players to twist, stir professional players of the game advanced countries, in addition to supporting Iraqi sport, and contribute to the lifting of the ban imposed on it."
"As I arrived Alookranatan Olga players in Abyei [WGM], and Markerata Nowickova, as well as players from Iran, the main referee of the tournament Mr. Khalili."
Abdul Amir said that "the Syrian delegation also arrived and the author of the head of the delegation Suleiman Hassan, and 3 players are: Rola Mahmoud, Manar Khalil, Fatima Mourad, and the Armenian delegation, represented by the player Artur Jargiozaan."
He pointed out that the Turkish delegation, which will be represented by the player Shahin Hajiyev, arrived on Wednesday, as well as the delegation of Azerbaijan, represented by the light Aliyev player. "
He explained, "The arrival of teams of South Africa, Belgium, Lebanon, and Palestine, today, to be the total number of participating countries 13 countries in addition to Iraq."
He concluded: "The purpose of the tournament, is to give the opportunity for our players to twist, stir professional players of the game advanced countries, in addition to supporting Iraqi sport, and contribute to the lifting of the ban imposed on it."
*************
ARTICLE 4
Edit Nineveh Ahli Hospital
2017/3/16 15:38
[Where-Baghdad]
Announced federal police chief Raed Shakir Jawdat, Thursday, edit Nineveh Ahli Hospital, west of Mosul, from Daesh terrorist gangs.
Announced federal police chief Raed Shakir Jawdat, Thursday, edit Nineveh Ahli Hospital, west of Mosul, from Daesh terrorist gangs.
A statement by the leadership of the police received by all of Iraq [where] a copy of it today that "the liberation of our units Nineveh Ahli Hospital, west of the ancient city of Mosul."
"The federal police march planes bombed dozens of fixed and moving targets in the vicinity of Daesh beacon hunchback."
The statement noted that "the Federal Police continues to progress and accomplish its goals, vowing not to leave any territory under the control of Daesh."
According to the "evacuation of displaced families from the door of the brick and the train station and take them to the south of Mosul and offer pieces of federal police and rapid response to near 700 m from the beacon humpback and control of the Iron Bridge Street Corniche along the river to the east and on the outskirts of the eggs door west of the old city."
"The federal police march planes bombed dozens of fixed and moving targets in the vicinity of Daesh beacon hunchback."
The statement noted that "the Federal Police continues to progress and accomplish its goals, vowing not to leave any territory under the control of Daesh."
According to the "evacuation of displaced families from the door of the brick and the train station and take them to the south of Mosul and offer pieces of federal police and rapid response to near 700 m from the beacon humpback and control of the Iron Bridge Street Corniche along the river to the east and on the outskirts of the eggs door west of the old city."
*************
ARTICLE 5
Iraqi forces in Mosul have surrounded Daesh old and approaching the Great Mosque of Al-Nouri
Nineveh - Iraq Press - 17 March / March: Iraqi government forces surrounded, militants organizing Daesh in the old city of Mosul and close to thehistoric mosque , which declared him theorganization of Abu Bakr al - Baghdadi , leader of the succession about three years ago.
The militants have barricaded themselves in the houses and narrow alleys and resisted sniper fire and suicide attacks and car bombs.
However, heavy rains hampered progress and approached the forces of the Federal Police and the Rapid Response Units to a distance of 500 meters from the old Nouri mosque, Thursday morning.
It featured the banner of the black organization clear on the minaret of the mosque.
Government forces have made significant gains in the past few days in the battle it began in October Vsitrt on a major bridge over the Tigris River and moved towards the Grand Mosque.
Major General Haider Durgham commander of the elite division of the Federal Police, said that his forces stick to restore sites on Wednesday , although there is great resistance in the region by using snipers and car bombs.
Will represent regain control of Al - Nouri mosque symbolic victory an important addition to the actual gains on the ground.
He added Durgham speaking from an advanced base for the police force refugees crossed the center of the streets muddy and houses demolished the mosque is important for them as it declared the caliphate.
Baghdadi chose the mosque to declare him the caliphate , which extends to land in Iraq and Syria in July , 2014.
Mosul was the largest city controlled by the militant group in Iraq, but it has sites since the offensive began to restore Iraq 'sleaders say that the battle enters its final stages.
It has been restored and other parts of western Mosul , including the hospital on Wednesday and Thursday morning , but officers said that progress has slowed because of car bombs and booby - trapped houses and alleys. Then progress stopped due to bad weather.
WordPress militant group attacks , some sporadic fire mortars at government sites. Government forces responded with mortars and helicopter strikes fighter planes. Said Durgham that suicide bombers drove car bombs towards the troops.
Police said they killed nine militants tried to launch a counter - attack on one of their positions with rocket - propelled grenades.
Police in a statement later said the federal police planes bombed dozens of fixed and moving targets to Daesh in the vicinity of the Grand Mosque.
An officer of the Federal Police said the leaders gathered to modify their plans.
" The new attack plans must be adapted to the complex terrain and narrow alleys."
" The narrow streets prevent us from using armored wheels and this will certainly make our soldiers vulnerable to enemy fire.The new plans under study would be enough to address this. "
The priorities of the troops as well as to ensure the safety of civilians, many of whom suffer from hunger because of food shortages and allocations are shocked to live under the rule of strict Daesh.
Durgham He said the militants , they started burning houses , which means that they are retreating.
Mosul became the main stronghold of the Daesh where imposed its rule on the areas controlled by. And the restoration of the government of the city will push the organization to remnants remote areas.
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ARTICLE 6
Ayman resumption of Mosul operations progress towards the old city
Nineveh - Iraq Press - March 17 / March: announced the federal police headquarters, on Friday, that " the forces and quick reaction stationed at the Old Bridge area along the river and on the outskirts of the eggs door resumed military operations , the progress in the old Mosul from several directions backed aviation march missile battalions."
She said in a statement it was "currently being heavy bombing operations targeting terrorist organization centers in Ras Al Khor and the door of the eggs andthe area around the hunchback."
The informed sources said Friday that the security forces repulsed an attack by the organization Daesh northern Salahuddin.
" The 51 Brigade of the popular crowd repulsed an attack was carried out by the organization in the areas of Daesh Diachlorus Mermaid spend Sharqat northern Salahuddin , " stressing that " the attackers Brigade forces had inflicted considerable material and human losses."
It is said that the security forces continue since October 2016, liberation of Mosul operations from the grip of the "Daesh," and managed to free the entire left coast of the city, and has completed the first stage of page six of western Mosul operations, and moved to the right side as it managed to free Badush hand and still advancing forces to defeat al Daesh fully .anthy .oh
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