Word on the Street Wednesday 3/29/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,144.3000 | 1,144.3000 | 1,144.3000 | | 20:00 |
| USD/VND | | | 22,773.0000 | 22,484.0000 | 22,484.0000 | | 05:06 |
| USD/CNY | | | 6.9041 | 6.8769 | 6.8796 | | 05:50 |
| USD/KWD | | | 0.3046 | 0.3038 | 0.3040 | | 04:13 |
| GBP/USD | | | 1.2454 | 1.2381 | 1.2421 | | 05:50 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,324.0000 | 13,300.0000 | 13,308.0000 | | 05:50 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk Link:
DC NY Iraq Articles:
Sisi: Iraq is bravely confronting terrorism and we affirm our full support for it in its fight against extremism
Release date: 2017/3/29 14:01 • 6 times read
(AFP) - Egyptian President Abdel Fattah al-Sisi said during his speech at the Arab summit that "Iraq is bravely confronted by terrorism and the forces of error and we affirm our full support for him in his war against extremism.
Sisi calls for national reconciliation and community in Iraq after a stage of urging
Political Since 2017-03-29 at 13:57 (Baghdad time)
Baghdad Mawazine News
Egyptian President Abdel Fattah al-Sisi called on Wednesday for national and societal reconciliation in Iraq after an encouraging phase.
"We should encourage the Libyan parties to implement a political solution and resolve differences through dialogue," Sisi said in a speech at the Arab Summit in Jordan. "The resumption of negotiations in Geneva is a positive sign towards resolving the crisis."
"We support the political solution in Yemen, based on international resolutions, the Gulf initiative and the outcomes of the national dialogue," he said.
"We support the Iraq war against extremism," Sisi said, calling for "national and societal reconciliation in Iraq after the stage of urging."
"The Libyan parties should be encouraged to implement a political solution and resolve differences through dialogue," he said
Euphrates dam engineers: collapse is inevitable without urgent action
Date of release: 2017/3/28 9:53 • 155 times read
{International: Euphrates News} Engineers who worked in the Euphrates Dam issued a detailed statement confirming the destruction of the control room in the dam, and warns of flooding and perhaps the collapse of the dam, contrary to reports that the Euphrates dam was not damaged.
The "Euphrates Dam" engineers published a report, based on videos and photographs, in which they confirmed that "the group of pictures and videos broadcast by the Coalition and the Federations appear very clearly and unambiguously as belonging to the Euphrates dam and its operations room directly responsible for leading the generation groups from running And stop and connect with the network. "
The report pointed out that the operating room is burned, contrary to what the forces of "Democratic Syria", and the engineers stressed that this means the loss of control over the station leadership.
The engineers added that "the exit of the station will result in the sinking of the station itself because of the pumps stopped pumping water inside and thus we have lost the station," warning of "rising water level in the lake layer if it continues to flow from Turkey and will reach the level of critical and dangerous is not allowed To the flood of water from the top of the body of the dam, and if the situation continues as it is, the disaster is coming, which is the inevitable collapse of the dam and killed hundreds of thousands of innocent civilians.
The report pointed out that giving a four-hour period by the forces of "Democratic Syria" to repair the great damage done in the Euphrates dam is not enough to work or even to assess damage to the Euphrates Dam, where these technical workshops need at least forty-eight hours.
He called on the "Euphrates dam engineers" to stop the military operations near the Euphrates dam immediately, and coordinate with the Turkish government to store water in the lakes of its dams until the problem is resolved.
As well as the provision of suitable generators to feed the window lift at the top of the station to raise the gates of the spill because this work is not done automatically.
The length of the Euphrates dam is 4.5 kilometers, sometimes up to 60 meters, and behind it is a large lake that holds 14,000 billion cubic meters of water. The collapse of the dam could completely destroy the city of Raqqa as well as the city of Deir al-Zour and Bu Kamal. Killing hundreds of thousands and destroying the infrastructure of these cities and the destruction of agricultural and animal wealth and the obliteration of all the monuments between the city of Raqqa and Iraqi borders.
The report pointed out that the operating room is burned, contrary to what the forces of "Democratic Syria", and the engineers stressed that this means the loss of control over the station leadership.
The engineers added that "the exit of the station will result in the sinking of the station itself because of the pumps stopped pumping water inside and thus we have lost the station," warning of "rising water level in the lake layer if it continues to flow from Turkey and will reach the level of critical and dangerous is not allowed To the flood of water from the top of the body of the dam, and if the situation continues as it is, the disaster is coming, which is the inevitable collapse of the dam and killed hundreds of thousands of innocent civilians.
The report pointed out that giving a four-hour period by the forces of "Democratic Syria" to repair the great damage done in the Euphrates dam is not enough to work or even to assess damage to the Euphrates Dam, where these technical workshops need at least forty-eight hours.
He called on the "Euphrates dam engineers" to stop the military operations near the Euphrates dam immediately, and coordinate with the Turkish government to store water in the lakes of its dams until the problem is resolved.
As well as the provision of suitable generators to feed the window lift at the top of the station to raise the gates of the spill because this work is not done automatically.
The length of the Euphrates dam is 4.5 kilometers, sometimes up to 60 meters, and behind it is a large lake that holds 14,000 billion cubic meters of water. The collapse of the dam could completely destroy the city of Raqqa as well as the city of Deir al-Zour and Bu Kamal. Killing hundreds of thousands and destroying the infrastructure of these cities and the destruction of agricultural and animal wealth and the obliteration of all the monuments between the city of Raqqa and Iraqi borders.
Political analyst: The time of Kurdish alliances in the region and will be in Baghdad
Release date: 2017/3/28 8:00 • 122 times scheduled
Baghdad: Kurdish political analyst Haval Zakho, said that some Kurdish forces will form alliances with others in Baghdad in preparation for the upcoming elections.
"It is not excluded that there are Kurdish forces may ally in Baghdad with some of the large forces in the capital, the fact that the situation in Kurdistan is not ideal, moreover, the situation in the region is witnessing large splits and gaps and inconsistencies in views," Zakhoi told the {Euphrates News} .
"We can not talk about Kurdish-Kurdish alliances. Their time has passed and it has been fragile and there are many problems, especially among the three major forces in Kurdistan," he said.
"I do not think there will be a major change in the current scene, and the change will be slight because the political mentality of the Iraqi political parties and forces remains the same," said the political analyst.
Provincial elections are due to be held in September.
"We can not talk about Kurdish-Kurdish alliances. Their time has passed and it has been fragile and there are many problems, especially among the three major forces in Kurdistan," he said.
"I do not think there will be a major change in the current scene, and the change will be slight because the political mentality of the Iraqi political parties and forces remains the same," said the political analyst.
Provincial elections are due to be held in September.
Border crossings announce the dismissal of the customs director of the port of Safwan border
Baghdad / SNG
The directorate of the border crossings, on Tuesday, the dismissal of the director of customs port of Safwan border, while denied the dismissal of the director of the port Jafar Sudanese.
The director general of ports, Major Sami al-Sudani said in an interview, that "the dismissal of the director of the garage outlet Safwan on the background of the transfer of 27 employees to the integrity investigation on charges of corruption and manipulation."
He denied Sudanese "reports that the dismissal of the director of the port of Safwan, Brigadier General Jaafar Sudanese."
The Directorate of Border Ports, on March 19, 2017, the transfer of eight customs officials to the Court of Integrity on charges of corruption and manipulation, indicating that the number of employees referred to integrity amounted to more than 20 employees.
Kauaihn Iraq Articles:
Abadi discusses with the Ruler of Dubai the victories against the promotion and promotion of joint economic cooperation
Release date: 2017/3/29 13:36 • 39 times read
(Baghdad: Al Furat News) Prime Minister Haider al-Abadi met on the sidelines of the Arab summit, Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum and his accompanying delegation.
"During the meeting, we discussed the war on terror, the victories of the terrorist gangs, the battle for liberation of the right side of Mosul and the restoration of stability in the liberated areas," a statement from his office said.
"They also discussed the strengthening of bilateral relations between the two countries in all economic and commercial fields and the entry of UAE investment companies to Iraq," he said
"They also discussed the strengthening of bilateral relations between the two countries in all economic and commercial fields and the entry of UAE investment companies to Iraq," he said
Parliament speaker calls on the United Nations to make efforts to help displaced people in Mosul
Revision date: 2017/3/27 22:38 • 123 times read
(Baghdad: Al Furat News) Speaker of the House of Representatives Salim al-Jabouri, called on Monday the United Nations to make maximum efforts to help displaced people of Mosul.
A statement by the Office of the President of the House of Representatives, received the agency {Euphrates News}, a copy of it, that Jubouri "received in his office, the representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, and during the meeting review the latest political and security developments in Iraq, The issue of aerial bombing of civilians in the new Mosul and the need to be accurate in directing air strikes and taking into account the population density of the city, especially as the enemy hide among civilians.
"The role of the security forces, which are fighting terrorism and are making great efforts to liberate the homeland, is a necessity," al-Jubouri said, calling on the liberated forces to "take into account the city's crowded conditions to ensure that the mistakes of military operations are not repeated again."
He called on the United Nations and humanitarian organizations to "make utmost efforts to provide relief to the displaced and to provide them with food and health assistance, after the terrorist increased the frequency of targeting them by bombing homes and blowing up car bombs in densely populated neighborhoods."
For his part, Kubic said that "the United Nations, with the assistance of international organizations, seeks to provide all means of aid and relief for the displaced in Mosul," according to the statement.
"The role of the security forces, which are fighting terrorism and are making great efforts to liberate the homeland, is a necessity," al-Jubouri said, calling on the liberated forces to "take into account the city's crowded conditions to ensure that the mistakes of military operations are not repeated again."
He called on the United Nations and humanitarian organizations to "make utmost efforts to provide relief to the displaced and to provide them with food and health assistance, after the terrorist increased the frequency of targeting them by bombing homes and blowing up car bombs in densely populated neighborhoods."
For his part, Kubic said that "the United Nations, with the assistance of international organizations, seeks to provide all means of aid and relief for the displaced in Mosul," according to the statement.
Tehran to Washington: Our missile program is defensive and deterrent
Baghdad - Agencies
Iranian Foreign Ministry spokesman Bahram Qasimi said that his country's missile program is working for defensive and completely deterrent purposes, in response to recent statements by US Vice President Mike Bens.
According to Iran's Fars news agency, Kasmi described Pens' remarks in the context of Iran's intimidation as "counterfeit" and "a continuation of the hostile and unilateral policies of the US government against the people and the government in Iran."
"The Iranian nuclear program is completely transparent, and all reports of the International Atomic Energy Agency (IAEA) peacefully confirm Iran's nuclear activities and can not be questioned," he said.
"The unlimited US support for Israel's military nuclear activities, which led to the production of hundreds of nuclear warheads, is an indication of Washington's overall support for Israel," he said.
On Iran's missile program, Qassimi said, "Iran's legitimate defense activities are moving forward in accordance with a regular plan and this program is defensive and totally deterrent and not against any other country and aims to strengthen Iran's defense structure."
The Ministry of Justice denies her minister's visit to Saudi Arabia
March 28, 2017 Baghdad Journal News
The Ministry of Justice denied on Tuesday the intention of the Minister of Justice, Haider Zamili, to visit Saudi Arabia early next month to discuss the issue of Saudi prisoners and the relations and legal laws between the two countries.
"There is no truth about the news that the minister of justice is visiting Saudi Arabia to discuss the issue of Saudi prisoners and the relations and judicial laws between the two countries," the ministry's media office told the New York Times.
The Justice Ministry confirmed Tuesday that the Ministry of Justice intends to send a ministerial delegation headed by Justice Minister Haider Zamili to Saudi Arabia early next month to discuss the issue of Saudi prisoners in Iraqi prisons, relations and judicial laws.
The Saudi-Iraqi relations are also in dispute over the number of Saudi prisoners in Iraq. The Riyadh government is seeking to replace prisoners between the two countries, especially after the recent visit of Foreign Minister Adel al-Jubair to Baghdad.
Baghdad province sets up a mechanism to end the housing crisis
Baghdad Journal News
Baghdad governorate announced the discussion of the housing crisis and the distribution of residential land to the citizens with the Ministry of Housing and Ammar.
"The province of Baghdad discussed with the Minister of Housing, Construction and Municipalities to discuss the housing crisis and find a mechanism to solve the housing crisis and the distribution of residential land to the citizens," Governor Atwan al-Atwani said in a statement.
Al-Atwani revealed that "a meeting will be held next month to finalize the solution to the housing crisis in the capital.
The capital Baghdad is experiencing overcrowding resulting from a major housing crisis and high property prices in Baghdad due to the lack of land distribution to citizens.
Guterres: We hope a government representing all communities in Iraq
Baghdad - Journal News
UN Secretary-General Antonio Guterres on Wednesday expressed his hope for a government representing all sectors of society in Iraq.
"Terrorist organizations such as Dahesh are anti-Islamic organizations," Guterres said in a speech to Arab leaders and leaders, expressing his hope that "a government representing all segments of society in Iraq will be formed."
On the situation in Syria, he stressed that "the time has come to stop the fighting in Syria," noting "the importance of the Geneva talks and Astana."
Kauaihn Economic Times:
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ECONOMIC TIMES / CHATTER
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GLOBAL/ NEWS/ INFO
This tiny device is a 'game changer' for people facing blindness
Researchers have crafted artificial retinas that can be implanted entirely inside the eye, offering hope to those with macular degeneration.
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Your Money - Being 26: A money checkup for biggest U.S. age group
Reuters
Reuters
Callan Olive is about as adult as you can get for a 26-year-old. Read the full story
Not Getting a Big Tax Refund? You’re Actually Doing It Right
Money
Money
Don't be seduced by a government check. Read the full story
OIL / COMMODITIES / ENERGY
7 Figures That Every Investor in Gold and Silver Stocks Needs to Know
The Motley Fool
If you get a handle on these figures, you'll greatly increase your chances of successfully investing in precious-metal mining stocks. Read the full story
Gold steady, investors focus on Trump agenda
Gold prices held steady on Tuesday as investors looked to see if U.S. President Donald Trump would be able to enact promised tax cuts.
Read more: http://www.cnbc.com/id/
Gold Shines, German Police Ask Who Stole $1 Million Big Maple Leaf?
Barron's
Asia Stocks to Watch Gold prices inched higher in overnight trade as the U.S. dollar weakened and the doubts persists about the Trump administration's economic agenda. Gold was trading just above $1,254 an ounce in Asian trading on Tuesday morning. Technical traders also note that the precious metal is within striking distance of its 200-day moving average. The last move towards the 200-day moving average was on February 24, but gold bounced off the barrier and declined nearly 5%. Much of the 5% Read the full story
Oil prices rise with Libya disruption but upside capped
Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.
Read more: http://www.cnbc.com/id/
OIL / COMMODITIES / ENERGY
7 Figures That Every Investor in Gold and Silver Stocks Needs to Know
The Motley Fool
The Motley Fool
If you get a handle on these figures, you'll greatly increase your chances of successfully investing in precious-metal mining stocks. Read the full story
Gold steady, investors focus on Trump agenda
Gold prices held steady on Tuesday as investors looked to see if U.S. President Donald Trump would be able to enact promised tax cuts.
Read more: http://www.cnbc.com/id/
Gold Shines, German Police Ask Who Stole $1 Million Big Maple Leaf?
Barron's
Barron's
Asia Stocks to Watch Gold prices inched higher in overnight trade as the U.S. dollar weakened and the doubts persists about the Trump administration's economic agenda. Gold was trading just above $1,254 an ounce in Asian trading on Tuesday morning. Technical traders also note that the precious metal is within striking distance of its 200-day moving average. The last move towards the 200-day moving average was on February 24, but gold bounced off the barrier and declined nearly 5%. Much of the 5% Read the full story
Oil prices rise with Libya disruption but upside capped
Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.
Read more: http://www.cnbc.com/id/
Oil climbs with hopes for extension of OPEC-led pact to curb output
MarketWatch
Crude-oil prices trade slightly higher Tuesday amid talk of a six-month extension of an OPEC-led pact to limit production. Read the full story
Oil prices rise on weak dollar, bloated supply concerns still weigh
Livemint
London: Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting Opec could extend its deal cutting global production. Read the full story
Oil climbs with hopes for extension of OPEC-led pact to curb output
MarketWatch
MarketWatch
Crude-oil prices trade slightly higher Tuesday amid talk of a six-month extension of an OPEC-led pact to limit production. Read the full story
Oil prices rise on weak dollar, bloated supply concerns still weigh
Livemint
Livemint
London: Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting Opec could extend its deal cutting global production. Read the full story
BANKS / BANKING
AI to become main way banks interact with customers within three years: Accenture
Reuters
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report. Read the full story
Why the bank of the future will look like an Apple store
MarketWatch
As e-banking technology has improved, the number of bank branches is expected to fall by a third in the next decade. But rather than get rid of branches altogether, banks are trying to give them makeovers to get customers to still come in. Read the full story
No snags with most banks' living wills, regulators say
Pittsburgh Business Times
The entrance at PNC's Bakery Square branch. BANKING & FINANCIAL SERVICES Monday 27th of March 2017 06:35:46 PM The living will of Pittsburgh’s biggest bank drew no objections from regulators. The Federal Deposit Insurance Corp. and the Federal Reserve Board said they’ve completed their evaluation of the resolution plans of 16 domestic banks, including PNC Financial Services Group, and found no shortcomings in 15. Resolution plans, required by the Dodd-Frank Act and commonly known as living wills Read the full story
German banks could soon see more mergers: ECB member
There could be mergers and acquisitions in the German banking sector to offset the costs of low interest rates, a member of the ECB told CNBC on Monday.
Read more: http://www.cnbc.com/id/
The Kremlin says a meeting between Jared Kushner and a Russian state-owned bank 'was ordinary business'
Business Insider
WASHINGTON (AP) - The Kremlin says a meeting between President Donald Trump's senior adviser and son-in-law, Jared Kushner, and representatives from a Russian state-owned bank was a routine encounter. President Vladimir Putin's spokesman Dmitry Peskov tells reporters in Moscow: "It was ordinary business." Peskov says the Kremlin was not aware of the meeting with Kushner before it took place. Vnesheconombank, or VEB, (v-NESH'-ay-CON'-ohm-bank) said in a statement Monday that it met with Kushner Read the full story
Ex-Barclays Trader Says Cash Desk Never Set Libor Independently
Bloomberg
A former Barclays Plc swaps trader on trial for manipulating a key interest-rate benchmark said he never saw "any evidence" that the cash desk set Libor independently from the bank’s commercial position during a fractious exchange with a prosecution lawyer. "I didn’t think it was independent, ever," Ryan Reich said Tuesday to prosecutor Emma Deacon, who told him British Bankers’ Association executives had testified it was meant to be. "Who is this person who thought it was independent?" U.K. Read the full story
JPMorgan says markets are underestimating the upside of Asian banks
CNBC
After two years of flat growth in earnings, 2017 is the year Asian banks will see a turnaround in earnings per share and credit quality, JPMorgan said. Read the full story
AI to become main way banks interact with customers within three years: Accenture
Reuters
Reuters
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report. Read the full story
Why the bank of the future will look like an Apple store
MarketWatch
MarketWatch
As e-banking technology has improved, the number of bank branches is expected to fall by a third in the next decade. But rather than get rid of branches altogether, banks are trying to give them makeovers to get customers to still come in. Read the full story
No snags with most banks' living wills, regulators say
Pittsburgh Business Times
Pittsburgh Business Times
The entrance at PNC's Bakery Square branch. BANKING & FINANCIAL SERVICES Monday 27th of March 2017 06:35:46 PM The living will of Pittsburgh’s biggest bank drew no objections from regulators. The Federal Deposit Insurance Corp. and the Federal Reserve Board said they’ve completed their evaluation of the resolution plans of 16 domestic banks, including PNC Financial Services Group, and found no shortcomings in 15. Resolution plans, required by the Dodd-Frank Act and commonly known as living wills Read the full story
German banks could soon see more mergers: ECB member
There could be mergers and acquisitions in the German banking sector to offset the costs of low interest rates, a member of the ECB told CNBC on Monday.
Read more: http://www.cnbc.com/id/
The Kremlin says a meeting between Jared Kushner and a Russian state-owned bank 'was ordinary business'
Business Insider
Business Insider
WASHINGTON (AP) - The Kremlin says a meeting between President Donald Trump's senior adviser and son-in-law, Jared Kushner, and representatives from a Russian state-owned bank was a routine encounter. President Vladimir Putin's spokesman Dmitry Peskov tells reporters in Moscow: "It was ordinary business." Peskov says the Kremlin was not aware of the meeting with Kushner before it took place. Vnesheconombank, or VEB, (v-NESH'-ay-CON'-ohm-bank) said in a statement Monday that it met with Kushner Read the full story
Ex-Barclays Trader Says Cash Desk Never Set Libor Independently
Bloomberg
Bloomberg
A former Barclays Plc swaps trader on trial for manipulating a key interest-rate benchmark said he never saw "any evidence" that the cash desk set Libor independently from the bank’s commercial position during a fractious exchange with a prosecution lawyer. "I didn’t think it was independent, ever," Ryan Reich said Tuesday to prosecutor Emma Deacon, who told him British Bankers’ Association executives had testified it was meant to be. "Who is this person who thought it was independent?" U.K. Read the full story
JPMorgan says markets are underestimating the upside of Asian banks
CNBC
CNBC
After two years of flat growth in earnings, 2017 is the year Asian banks will see a turnaround in earnings per share and credit quality, JPMorgan said. Read the full story
TREASURIES/ BONDS/ STOCKS
This big test is coming for our ‘Teflon’ stock market
MarketWatch
It seems not much is going to get this stock market down. Our chart of the day says this is the next make-or-break level to watch in the next two days. Read the full story
Some of the biggest hedge funds are closing — here’s what it takes to launch one today
Business Insider
Eric Mindich, Founder and CEO of Eton Park Capital Management attends a session at the World Economic Forum (WEF) in Davos January 29, 2010. Around midday on March 23, the news that a once-vaulted hedge fund would be closing started rippling through New York's hedge fund community. Eton Park Capital, a $7 billion hedge fund run by former Goldman Sachs wunderkind Eric Mindich, announced it would shutter. Performance had been disappointing the previous year, but strong before that. Mindich was Read the full story
US Treasurys hold mixed as investors eye data, auction
CNBC
U.S. government debt prices were mixed on Tuesday as investors focused on a fresh batch of economic data and eyed an auction. Read the full story
Quietly, stocks have been in a correction for months, says technical analyst
CNBC
Stocks may be slipping, but investors shouldn't ditch their holdings just yet, according to one chart-minded analyst. Read the full story
US stocks open flat as Wall Street eyes Trump agenda; Fed speakers in focus
Stocks opened flat as investors watched out for any new developments regarding the White House's agenda and braced for remarks from top Fed officials.
Read more: http://www.cnbc.com/id/
The Trump slump could push the Dow to its worst stretch in decades
U.S. stock futures were lower after the Dow logged its first eight-session losing streak since August 2011.
Read more: http://www.cnbc.com/id/
High risk of a 'correction' ... and politics probably won't be to blame, Goldman says
CNBC
Equities are facing a "quite high" risk of correction but it won't derail the bull market, says the chief global equities strategist at Goldman Sachs. Read the full story
US Treasurys hold mixed as investors eye data, auction
U.S. government debt prices were mixed on Tuesday as investors focused on a fresh batch of economic data and eyed an auction.
Read more: http://www.cnbc.com/id/
Europe higher as investors shrug off Trump concerns; Wolseley jumps 6.5%
Markets in Europe were in positive territory on Tuesday as global investors dismissed concerns over President Donald Trump's ability to deliver with campaign pledges.
Read more: http://www.cnbc.com/id/
U.K. stocks struggle to recover from slide; pound resilient before Brexit trigger
MarketWatch
U.K. stocks edge higher Tuesday, helped by U.S. markets finishing off their worst levels overnight, though traders appear to avoid big bets ahead of a key Brexit step. Read the full story
Japanese and Australian shares jump more than 1% as dollar recovers
Asia markets closed mostly higher on Tuesday as investors shrugged off the disappointment from the current U.S. administration's ability to push through reforms.
Read more: http://www.cnbc.com/id/
Asian markets bounce back as oil price rise
MarketWatch
Stock markets recovered early Tuesday, with higher oil prices and a rebound in the U.S. dollar against the yen driving gains in Australia and Japan. Read the full story
TREASURIES/ BONDS/ STOCKS
This big test is coming for our ‘Teflon’ stock market
MarketWatch
MarketWatch
It seems not much is going to get this stock market down. Our chart of the day says this is the next make-or-break level to watch in the next two days. Read the full story
Some of the biggest hedge funds are closing — here’s what it takes to launch one today
Business Insider
Business Insider
Eric Mindich, Founder and CEO of Eton Park Capital Management attends a session at the World Economic Forum (WEF) in Davos January 29, 2010. Around midday on March 23, the news that a once-vaulted hedge fund would be closing started rippling through New York's hedge fund community. Eton Park Capital, a $7 billion hedge fund run by former Goldman Sachs wunderkind Eric Mindich, announced it would shutter. Performance had been disappointing the previous year, but strong before that. Mindich was Read the full story
US Treasurys hold mixed as investors eye data, auction
CNBC
CNBC
U.S. government debt prices were mixed on Tuesday as investors focused on a fresh batch of economic data and eyed an auction. Read the full story
Quietly, stocks have been in a correction for months, says technical analyst
CNBC
CNBC
Stocks may be slipping, but investors shouldn't ditch their holdings just yet, according to one chart-minded analyst. Read the full story
US stocks open flat as Wall Street eyes Trump agenda; Fed speakers in focus
Stocks opened flat as investors watched out for any new developments regarding the White House's agenda and braced for remarks from top Fed officials.
Read more: http://www.cnbc.com/id/
The Trump slump could push the Dow to its worst stretch in decades
U.S. stock futures were lower after the Dow logged its first eight-session losing streak since August 2011.
Read more: http://www.cnbc.com/id/
High risk of a 'correction' ... and politics probably won't be to blame, Goldman says
CNBC
CNBC
Equities are facing a "quite high" risk of correction but it won't derail the bull market, says the chief global equities strategist at Goldman Sachs. Read the full story
US Treasurys hold mixed as investors eye data, auction
U.S. government debt prices were mixed on Tuesday as investors focused on a fresh batch of economic data and eyed an auction.
Read more: http://www.cnbc.com/id/
Europe higher as investors shrug off Trump concerns; Wolseley jumps 6.5%
Markets in Europe were in positive territory on Tuesday as global investors dismissed concerns over President Donald Trump's ability to deliver with campaign pledges.
Read more: http://www.cnbc.com/id/
U.K. stocks struggle to recover from slide; pound resilient before Brexit trigger
MarketWatch
MarketWatch
U.K. stocks edge higher Tuesday, helped by U.S. markets finishing off their worst levels overnight, though traders appear to avoid big bets ahead of a key Brexit step. Read the full story
Japanese and Australian shares jump more than 1% as dollar recovers
Asia markets closed mostly higher on Tuesday as investors shrugged off the disappointment from the current U.S. administration's ability to push through reforms.
Read more: http://www.cnbc.com/id/
Asian markets bounce back as oil price rise
MarketWatch
MarketWatch
Stock markets recovered early Tuesday, with higher oil prices and a rebound in the U.S. dollar against the yen driving gains in Australia and Japan. Read the full story
CURRENCIES
Dollar rebounds in step with stocks’ attempt to halt skid
MarketWatch
The dollar rebounded mildly Tuesday in step with what’s shaping up to be the first gain for the Dow industrials in nine sessions, although the stock advance remained vulnerable. Read the full story
Fed speakers halt dollar slide with talk of rate rises
The dollar steadied after its worst week since U.S. President Donald Trump's election in November.
Read more: http://www.cnbc.com/id/
UK introduces super secure new £1 coin
The U.K.’s new £1 ($1.25) coin has been dubbed the “most secure” in the world by the Royal Mint, which released the updated tender Tuesday.
Read more: UK introduces super secure new £1 coin
CURRENCIES
Dollar rebounds in step with stocks’ attempt to halt skid
MarketWatch
MarketWatch
The dollar rebounded mildly Tuesday in step with what’s shaping up to be the first gain for the Dow industrials in nine sessions, although the stock advance remained vulnerable. Read the full story
Fed speakers halt dollar slide with talk of rate rises
The dollar steadied after its worst week since U.S. President Donald Trump's election in November.
Read more: http://www.cnbc.com/id/
UK introduces super secure new £1 coin
The U.K.’s new £1 ($1.25) coin has been dubbed the “most secure” in the world by the Royal Mint, which released the updated tender Tuesday.
Read more: UK introduces super secure new £1 coin
UK introduces super secure new £1 coin
By The Royal Mint
The U.K.’s new £1 coin has been dubbed the “most secure” in the world by the Royal Mint, which released the upda...
Here's what the charts say about the British pound as Theresa May gets ready to trigger the Brexit process
Business Insider
Vote leave supporters wave Union flags, following the result of the EU referendum, outside Downing Street in London, Britain June 24, 2016. Probably one of the most telegraphed market events in recent history is happening this Wednesday, and most of us traders are wondering how are we going to trade the Sterling (GBP) around it? Article 50 will be exercised by British PM Theresa May this week and the GBP is expected to react. But which way? The answer is not very cut and dry at this point, and Read the full story
Pound to euro exchange rate - sterling ROCKETS just hours before Article 50
Express
THE POUND to euro exchange rate rocketed this morning at 8am to 1.16, it's now stable at 1.15 with good expectations ahead of tomorrow's Article 50 trigger. Tourists heading to Europe this summer will be pleased as the pound to euro exchange rate rocketed to 1.15 this morning as the markets opened. It's believed both the pound and euro saw an increase in demand from investors at the beginning of this week. Read the full story
NZ dollar unchanged
Inside Retail New Zealand
The New Zealand dollar was little changed, having reached the highest in almost a week, as a decline in commodity prices and equities offset the effects of waning sentiment for the US dollar. The kiwi traded at US70.43 cents as at 0800 on Tuesday in Wellington, having touched US70.67c overnight, from US70.45c late Monday. The trade-weighted index was little changed at 76.21 from 76.26. The US dollar fell to a four-month low against a basket of currencies overnight on concern that US President Read the full story
The South African rand is getting whacked
Business Insider
The South African rand is tumbling following reports that President Jacob Zuma plans to fire his finance minister. The currency is down by 1.7% at 12.9929 per dollar as of 8:08 a.m. ET after being down by about 2.9% earlier. Zuma reportedly told senior leaders of the South African Communist Party that he plans to fire Pravin Gordhan, the country's respected finance minister, Bloomberg's Sam Mkokeli reported earlier on Tuesday, citing "three people with knowledge of the matter." On Monday, Zuma Read the full story
Forex - South African rand down more than 2% as fin-min faces axeInvesting.com
© Reuters. South African rand down more than 2% as fin-min faces axe Read the full story
USA
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Here's what the charts say about the British pound as Theresa May gets ready to trigger the Brexit process
Business Insider
Business Insider
Vote leave supporters wave Union flags, following the result of the EU referendum, outside Downing Street in London, Britain June 24, 2016. Probably one of the most telegraphed market events in recent history is happening this Wednesday, and most of us traders are wondering how are we going to trade the Sterling (GBP) around it? Article 50 will be exercised by British PM Theresa May this week and the GBP is expected to react. But which way? The answer is not very cut and dry at this point, and Read the full story
Pound to euro exchange rate - sterling ROCKETS just hours before Article 50
Express
Express
THE POUND to euro exchange rate rocketed this morning at 8am to 1.16, it's now stable at 1.15 with good expectations ahead of tomorrow's Article 50 trigger. Tourists heading to Europe this summer will be pleased as the pound to euro exchange rate rocketed to 1.15 this morning as the markets opened. It's believed both the pound and euro saw an increase in demand from investors at the beginning of this week. Read the full story
NZ dollar unchanged
Inside Retail New Zealand
Inside Retail New Zealand
The New Zealand dollar was little changed, having reached the highest in almost a week, as a decline in commodity prices and equities offset the effects of waning sentiment for the US dollar. The kiwi traded at US70.43 cents as at 0800 on Tuesday in Wellington, having touched US70.67c overnight, from US70.45c late Monday. The trade-weighted index was little changed at 76.21 from 76.26. The US dollar fell to a four-month low against a basket of currencies overnight on concern that US President Read the full story
The South African rand is getting whacked
Business Insider
Business Insider
The South African rand is tumbling following reports that President Jacob Zuma plans to fire his finance minister. The currency is down by 1.7% at 12.9929 per dollar as of 8:08 a.m. ET after being down by about 2.9% earlier. Zuma reportedly told senior leaders of the South African Communist Party that he plans to fire Pravin Gordhan, the country's respected finance minister, Bloomberg's Sam Mkokeli reported earlier on Tuesday, citing "three people with knowledge of the matter." On Monday, Zuma Read the full story
Forex - South African rand down more than 2% as fin-min faces axeInvesting.com
© Reuters. South African rand down more than 2% as fin-min faces axe Read the full story
USA
US heading for recession after 2 years of unsustainable growth, economist says
CNBC
CNBC
The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory, says economist. Read the full story
Surge in oil hedging could worsen US supply glut: Wood Mackenzie
CNBC
CNBC
A surge in oil hedges will spur drilling activity in the U.S., Wood Mackenzie said in a report released on Monday. Read the full story
US home prices rise to the highest level in over 2 years
Business Insider
Business Insider
Design By Zouny via Compfight cc A gauge of US home prices rose to a 31-month high in January. The S&P CoreLogic Case-Shiller national home-price index climbed 5.9%, not seasonally adjusted, according to a monthly report published Tuesday. The highest price increases were again recorded in the red-hot markets of Seattle, Portland and Denver. "The recent action by the Federal Reserve raising the target for the fed funds rate by a quarter percentage point is expected to add less than a quarter Read the full story
George Soros' former right-hand man is selling his 20-acre estate for $31.5 million
Business Insider
Billionaire trader Stanley Druckenmiller, formerly a top investment strategist to George Soros, has listed his palatial Greenwich, Connecticut, estate for $31.5 million, the Wall Street Journal reported. The estate has 12,238 square feet of living space and eight bedrooms in total. It sits on nearly 20 acres and is technically three lots combined into one. Druckenmiller and his wife are selling the home because they don't get enough use out of it, listing agent Leslie McElwreath of Sotheby's Read the full story
George Soros' former right-hand man is selling his 20-acre estate for $31.5 million
Business Insider
Business Insider
Billionaire trader Stanley Druckenmiller, formerly a top investment strategist to George Soros, has listed his palatial Greenwich, Connecticut, estate for $31.5 million, the Wall Street Journal reported. The estate has 12,238 square feet of living space and eight bedrooms in total. It sits on nearly 20 acres and is technically three lots combined into one. Druckenmiller and his wife are selling the home because they don't get enough use out of it, listing agent Leslie McElwreath of Sotheby's Read the full story
EMERGING MARKETS
Is Emerging Markets Rally Over? Yes! Capital Economics Says
Barron's
Emerging Markets Daily Emerging markets are likely to "do little better than tread water this year," Capital Economics says. While the economists there do acknowledge the cheap valuations of emerging market stocks, they think that won't boost returns this year. At the heart of their argument is the position that the U.S. Federal Reserve will raise interest rates this year by more than the market reflects. They write: After South African President Jacob Zuma yanked his finance minister from an Read the full story
Venezuela to launch new exchange rate next week: Maduro
CDA News
By Girish Gupta CARACAS (Reuters) – Venezuela next week will launch a new currency exchange mechanism to replace the DICOM rate, also known as SIMADI, President Nicolas Maduro said late on Monday in a televised speech as the OPEC nation suffers a deep economic crisis. The oil-rich country currently has two official exchange rates, DIPRO […] Read the full story
UAE keen to boost trade relations with Mexico
POST Online Media
Sultan Bin Saeed Al Mansoori, Minister of Economy, received Francisca Elizabeth Mendez Escobar, Mexico’s new Ambassador to the UAE, with whom he discussed ways to enhance cooperation in a number of priority areas for both countries. The meeting held at the Ministry’s Dub... Read the full story
Brazil suspends more meat plants, EU says trust must be restored
Reuters
Brazil ordered three more food processing plants to suspend production on Monday amid an investigation into alleged corruption in its meat industry as the world's biggest beef exporter sought to regain the trust of consumers. Read the full story
Opinion: Sovereign funds may help emerging markets break free of Western capital flows
MarketWatch
Sovereign funds are weighing the benefits of cooperating more widely with multinational institutions to encourage cross-border capital flows and foster more sustainable growth in emerging markets, writes David Marsh. Read the full story
MIDDLE EAST
Citi applies for capital markets license in Saudi Arabia: sources
Reuters
Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. Read the full story
EMERGING MARKETS
Is Emerging Markets Rally Over? Yes! Capital Economics Says
Barron's
Barron's
Emerging Markets Daily Emerging markets are likely to "do little better than tread water this year," Capital Economics says. While the economists there do acknowledge the cheap valuations of emerging market stocks, they think that won't boost returns this year. At the heart of their argument is the position that the U.S. Federal Reserve will raise interest rates this year by more than the market reflects. They write: After South African President Jacob Zuma yanked his finance minister from an Read the full story
Venezuela to launch new exchange rate next week: Maduro
CDA News
CDA News
By Girish Gupta CARACAS (Reuters) – Venezuela next week will launch a new currency exchange mechanism to replace the DICOM rate, also known as SIMADI, President Nicolas Maduro said late on Monday in a televised speech as the OPEC nation suffers a deep economic crisis. The oil-rich country currently has two official exchange rates, DIPRO […] Read the full story
UAE keen to boost trade relations with Mexico
POST Online Media
POST Online Media
Sultan Bin Saeed Al Mansoori, Minister of Economy, received Francisca Elizabeth Mendez Escobar, Mexico’s new Ambassador to the UAE, with whom he discussed ways to enhance cooperation in a number of priority areas for both countries. The meeting held at the Ministry’s Dub... Read the full story
Brazil suspends more meat plants, EU says trust must be restored
Reuters
Reuters
Brazil ordered three more food processing plants to suspend production on Monday amid an investigation into alleged corruption in its meat industry as the world's biggest beef exporter sought to regain the trust of consumers. Read the full story
Opinion: Sovereign funds may help emerging markets break free of Western capital flows
MarketWatch
MarketWatch
Sovereign funds are weighing the benefits of cooperating more widely with multinational institutions to encourage cross-border capital flows and foster more sustainable growth in emerging markets, writes David Marsh. Read the full story
MIDDLE EAST
Citi applies for capital markets license in Saudi Arabia: sources
Reuters
Reuters
Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. Read the full story
Iran says Russia can use its military bases 'on case by case basis'
Iranian Foreign Minister Mohammad Javad Zarif said Russia could use Iranian military bases to launch air strikes against militants in Syria on a "case by case basis."
Read more: http://www.cnbc.com/id/
Iran oil minister sees likely output cut extensionInvesting.com
Commodities Mar 28, 2017 08:21 GMT Investing.com - Iranian Oil Minister Bijan Zanganeh said Tuesday an extension of output cuts by major producers is likely. OPEC and non-OPEC producers are cutting output by 1.8 million barrels a day in the first half to address global supply glut. "It seems that most of OPEC and non-OPEC are going to extend the agreement," Zanganeh told reporters in Moscow. "But time is needed to evaluate the situation," he added. Asked if Iran would join any extension, Read the full story
Egypt is Middle East's newest ski destination as slope opens at massive mall
Fox News
Housed inside the newly opened $700 million, 1.8 million-square-foot Mall of Egypt on the outskirts of Cairo is Ski Egypt - Africa's first man-made indoor ski slope. Read the full story
Oil Today: Saudis Slash Taxes, OPEC On Hold, Petrobras CEO Stays
Barron's
Emerging Markets Daily It's nice when the boss is his own boss: Saudi Arabian authorities slashed oil producer tax bills Monday to the benefit of giant state-controlled Aramco, whose rate will fall from 85% to 50%, according to Capital Economics. The iShares MSCI Saudi Arabia Capped exchange-traded fund (KSA) is down 0.5% today, and has slumped 3.7% this year. Over the weekend, representatives of the Organization of Petroleum Exporting Countries and Russia said the continue to "deliberate" on Read the full story
Oil Advances as Libya Said to Halt Pipeline From Biggest Field
Oilpro
by Grant Smith Oil advanced as OPEC member Libya halted the pipeline from its biggest field, tempering concerns that a surplus in the U.S. continues to expand. West Texas Intermediate futures rose as much as 1.1 percent. Libya’s output has dropped to 560,000 barrels a day following the shutdown of the pipe from the Sharara field, according to a person with knowledge of the matter. U.S. stockpiles probably added 1.38 million barrels last week, a Bloomberg survey showed. If industry data due Read the full story
Investors in Gulf bourses still cautious – Analysts
Mubasher
By: Mahmoud Gamal Mubasher: Investors in the Gulf stock markets are expected to be still cautious on Tuesday, in line with the fall of global stocks as doubts increase over US President Donald Trump’s growth policies, analysts told Mubasher. Most … Read the full story
Iran says Russia can use its military bases 'on case by case basis'
Iranian Foreign Minister Mohammad Javad Zarif said Russia could use Iranian military bases to launch air strikes against militants in Syria on a "case by case basis."
Read more: http://www.cnbc.com/id/
Iran oil minister sees likely output cut extensionInvesting.com
Commodities Mar 28, 2017 08:21 GMT Investing.com - Iranian Oil Minister Bijan Zanganeh said Tuesday an extension of output cuts by major producers is likely. OPEC and non-OPEC producers are cutting output by 1.8 million barrels a day in the first half to address global supply glut. "It seems that most of OPEC and non-OPEC are going to extend the agreement," Zanganeh told reporters in Moscow. "But time is needed to evaluate the situation," he added. Asked if Iran would join any extension, Read the full story
Egypt is Middle East's newest ski destination as slope opens at massive mall
Fox News
Fox News
Housed inside the newly opened $700 million, 1.8 million-square-foot Mall of Egypt on the outskirts of Cairo is Ski Egypt - Africa's first man-made indoor ski slope. Read the full story
Oil Today: Saudis Slash Taxes, OPEC On Hold, Petrobras CEO Stays
Barron's
Barron's
Emerging Markets Daily It's nice when the boss is his own boss: Saudi Arabian authorities slashed oil producer tax bills Monday to the benefit of giant state-controlled Aramco, whose rate will fall from 85% to 50%, according to Capital Economics. The iShares MSCI Saudi Arabia Capped exchange-traded fund (KSA) is down 0.5% today, and has slumped 3.7% this year. Over the weekend, representatives of the Organization of Petroleum Exporting Countries and Russia said the continue to "deliberate" on Read the full story
Oil Advances as Libya Said to Halt Pipeline From Biggest Field
Oilpro
Oilpro
by Grant Smith Oil advanced as OPEC member Libya halted the pipeline from its biggest field, tempering concerns that a surplus in the U.S. continues to expand. West Texas Intermediate futures rose as much as 1.1 percent. Libya’s output has dropped to 560,000 barrels a day following the shutdown of the pipe from the Sharara field, according to a person with knowledge of the matter. U.S. stockpiles probably added 1.38 million barrels last week, a Bloomberg survey showed. If industry data due Read the full story
Investors in Gulf bourses still cautious – Analysts
Mubasher
Mubasher
By: Mahmoud Gamal Mubasher: Investors in the Gulf stock markets are expected to be still cautious on Tuesday, in line with the fall of global stocks as doubts increase over US President Donald Trump’s growth policies, analysts told Mubasher. Most … Read the full story
AFRICA
Zimbabwe: 'If You See a U.S.$100 Note, It's Been Sneaked In'
AllAfrica
(Photo: Jerry Chifamba/allAfrica) Cash-strapped Zimbabwe is trying to stop banks importing high-denomination US dollar bills - and that means you shouldn't see $100 notes in banks or supermarkets, state media is reporting. With some banks now only giving customers their money in 'bond notes', the special-to-Zimbabwe paper bills introduced last November, the deputy governor of the central bank Kupukile Mlambo has told the Sunday Mail that "no-one is importing the 100 US note." The reason? High Read the full story
Rwanda: Central Bank Suspends Licensing of New Forex Bureaus
AllAfrica
The National Bank of Rwanda has announced indefinite suspension of licensing of new forex bureaus, in a move the bank said would ensure a vibrant and dynamic foreign exchange market in line with current economic developments. The suspension takes immediate effect, according to a statement dated March 22 issued by John Rwangombwa, the Governor of the National Bank of Rwanda. This means that over the freeze period, there will be no new entrants into foreign exchange market till the suspension is Read the full story
ASIA
A Chinese conglomerate is in talks to buy a controlling stake in Forbes
Business Insider
Steve Forbes, president, CEO and editor-in-chief of Forbes, and Shanghai vice-mayor Zhou Yupeng (R) show a Chinese edition of Forbes Magazine during a news briefing in Shanghai June 29, 2003. Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also Read the full story
New Zealand and China plan to expand free-trade deal
RiyadhVision
Chinese Premier Li Keqiang and New Zealand Prime Minister Bill English New Zealand and China announced Monday they would open talks soon to expand a successful free-trade deal in place for nearly a decade. The announcement came during a visit by Chinese Premier Li Keqiang. New Zealand Prime Minister Bill English said the 9-year-old deal had been a huge success and resulted in trade between the countries tripling. He said an upgrade to the agreement would expand trade further, and that talks Read the full story
Japanese and Australian shares jump more than 1% as dollar recovers
CNBC
Asia markets closed mostly higher on Tuesday as investors shrugged off the disappointment from the current U.S. administration's ability to push through reforms. Read the full story
AFRICA
Zimbabwe: 'If You See a U.S.$100 Note, It's Been Sneaked In'
AllAfrica
AllAfrica
(Photo: Jerry Chifamba/allAfrica) Cash-strapped Zimbabwe is trying to stop banks importing high-denomination US dollar bills - and that means you shouldn't see $100 notes in banks or supermarkets, state media is reporting. With some banks now only giving customers their money in 'bond notes', the special-to-Zimbabwe paper bills introduced last November, the deputy governor of the central bank Kupukile Mlambo has told the Sunday Mail that "no-one is importing the 100 US note." The reason? High Read the full story
Rwanda: Central Bank Suspends Licensing of New Forex Bureaus
AllAfrica
AllAfrica
The National Bank of Rwanda has announced indefinite suspension of licensing of new forex bureaus, in a move the bank said would ensure a vibrant and dynamic foreign exchange market in line with current economic developments. The suspension takes immediate effect, according to a statement dated March 22 issued by John Rwangombwa, the Governor of the National Bank of Rwanda. This means that over the freeze period, there will be no new entrants into foreign exchange market till the suspension is Read the full story
ASIA
A Chinese conglomerate is in talks to buy a controlling stake in Forbes
Business Insider
Business Insider
Steve Forbes, president, CEO and editor-in-chief of Forbes, and Shanghai vice-mayor Zhou Yupeng (R) show a Chinese edition of Forbes Magazine during a news briefing in Shanghai June 29, 2003. Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also Read the full story
New Zealand and China plan to expand free-trade deal
RiyadhVision
RiyadhVision
Chinese Premier Li Keqiang and New Zealand Prime Minister Bill English New Zealand and China announced Monday they would open talks soon to expand a successful free-trade deal in place for nearly a decade. The announcement came during a visit by Chinese Premier Li Keqiang. New Zealand Prime Minister Bill English said the 9-year-old deal had been a huge success and resulted in trade between the countries tripling. He said an upgrade to the agreement would expand trade further, and that talks Read the full story
Japanese and Australian shares jump more than 1% as dollar recovers
CNBC
CNBC
Asia markets closed mostly higher on Tuesday as investors shrugged off the disappointment from the current U.S. administration's ability to push through reforms. Read the full story
d
d
Blessed and Highly Favored:
CBI Update:
The CBI for Wednesday, March 29, 2017 did update on the indicative rates
The currency auction is 161,036,814
There are no news and announcements for Wednesday March 29, 2017.
ISX Update:
Value Traded
12,587,715,338
Shares Traded
24,886,762,042
ISX ended in Red
The answer of the Union Bank of Iraq on the disclosure of events ... 28/03/2017
Meeting of the General Authority of Investment Bank ... 28/03/2017
Minutes of the meeting of the General Assembly of the ... 28/03/2017
Meeting of the General Authority of Investment Bank ... 28/03/2017
Minutes of the meeting of the General Assembly of the ... 28/03/2017
Kauaihn Chatter:
3-29-2017 Newshound Guru Phillyman Warka Bank News Quote: "Dear Customers...Appendix mainstream CBI to all Government institutions and companies to lift the guardianship and allow the Bank to exercise all his works and activities." This is the first news they have posted since August 25, 2016. This one is dated March 26, 2017. The news was in arabic and this is the translation. Looks like good news to me.
3-29-2017 Intel Guru Bruce I am excited to tell you where we are with our timing. What I am hearing so far is we understand Prime Minister Abadi left yesterday [Monday] for Jordan for the Arab Summit. He is to speak tomorrow morning [Wednesday] as the 2nd speaker at the Arab Summit. Also we think that Iraq take back of Mosul has been complete for some time now. Even the two banks that were not up and running in Western Mosul are back on line 4 to 5 days ago. We need for Iraq sovereignty to be mentioned. We need for their currency which was reinstated and revalued in-country mentioned as a revalued currency internationally. Those are a few things we would look for Prime Minister Abadi to mention. What we are waiting for is not a contingency on that. In terms of everything, I can’t tell you anything else. We are right there. We could get notified tonight. It looks extremely good for tomorrow [Wednesday]. Hopefully this will come to us in the next day or so.
3-29-2017 Intel Guru Bruce I am excited to tell you where we are with our timing. What I am hearing so far is we understand Prime Minister Abadi left yesterday [Monday] for Jordan for the Arab Summit. He is to speak tomorrow morning [Wednesday] as the 2nd speaker at the Arab Summit. Also we think that Iraq take back of Mosul has been complete for some time now. Even the two banks that were not up and running in Western Mosul are back on line 4 to 5 days ago. We need for Iraq sovereignty to be mentioned. We need for their currency which was reinstated and revalued in-country mentioned as a revalued currency internationally. Those are a few things we would look for Prime Minister Abadi to mention. What we are waiting for is not a contingency on that. In terms of everything, I can’t tell you anything else. We are right there. We could get notified tonight. It looks extremely good for tomorrow [Wednesday]. Hopefully this will come to us in the next day or so.
3-28-2017 Intel Guru Frank26 The WB, UST, IMF...they have a lot of requirements ...in order to move forward with their market economy...they must lift the value of their currency. The audits are a demand by President Trump. I don’t think they’ll tell us when they’ll do the audits...but as soon as they do...IMO..they could go international in nanoseconds. They’ve (Abadi/Trump) told you...it’s their goal to abolish the exchange rate restrictions.
3-28-2017 Newshound Guru chattels Article: "Iraqi News reporting US troop level increases. "America sends more troops to Iraq" It will be interesting to look for commentary in the news from Sadr and others.
3-28-2017 Newshound/Intel Guru Mnt Goat Article quote: "The cabinet voted during its meeting in this March 14, 2017 on a draft law of the Iraqi National Oil Company and to allocate it to the Council." so now the bill gets sent to parliament for a vote, it is NOT yet done. This is the much needed part of the HCL to finalize it too. It is all coming together.
3-28-2017 Intel/Newshound Guru Backdoc ...I LIKE HOW IRAQ IS DEPLETING THE CASH FOOTPRINT BY GOING DIGITAL WITH PAYMENTS FROM THE GOVERNMENT AND BANKS. WHEN IRAQ OPENS INTERNATIONALLY THEY WILL CHANGE VALUE WON'T THEY? WELL THIS WILL REDUCE THE PAPER FACE VALUE SINCE THE DIGITAL WILL SIMPLY BE ADJUSTED TO VALUE WHILE REDUCING THE PAPER FACE VALUE. THIS REDUCES THE PAPER SIGNIFICANTLY IN THEIR COUNTRY...IMO.
3-28-2017 Intel Guru Frank26 The MR...is in its infancy. When it happens...it will happen very quickly. I believe that is what is happening due to the private meetings with Abadi and Trump, etc. and I believe they are past talking about the exchange rate. Trump has given Abadi some advice/direction on what to do inside of Iraq to help with the economic reform. ...the CBI made an announcement (on the Arabic side) of the CBI website. This announcement came out with great power to the banks ...but, this is OLD news. The fact that they are telling us (at least on the Arabic side) is incredible. We believe that this announcement ...is extremely important...We believe this is a by-product from the Trump/Abadi meetings. IMO...with this announcement...they have sped up the MR. The speed...it will happen very quickly...once we have Mosul. Another thing...IOO ...they are telling the banks to DO THIS NOW...because they are about to be audited so they are ready to go INTERNATIONAL. IMO...the 1st quarter will finish the monetary reform. The banks better be damn ready.
3-28-2017 Newshound Guru loop Article: "Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. "The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
3-28-2017 Newshound/Intel Guru Mnt Goat Article quote: "The cabinet voted during its meeting in this March 14, 2017 on a draft law of the Iraqi National Oil Company and to allocate it to the Council." so now the bill gets sent to parliament for a vote, it is NOT yet done. This is the much needed part of the HCL to finalize it too. It is all coming together.
3-28-2017 Intel/Newshound Guru Backdoc ...I LIKE HOW IRAQ IS DEPLETING THE CASH FOOTPRINT BY GOING DIGITAL WITH PAYMENTS FROM THE GOVERNMENT AND BANKS. WHEN IRAQ OPENS INTERNATIONALLY THEY WILL CHANGE VALUE WON'T THEY? WELL THIS WILL REDUCE THE PAPER FACE VALUE SINCE THE DIGITAL WILL SIMPLY BE ADJUSTED TO VALUE WHILE REDUCING THE PAPER FACE VALUE. THIS REDUCES THE PAPER SIGNIFICANTLY IN THEIR COUNTRY...IMO.
3-28-2017 Intel Guru Frank26 The MR...is in its infancy. When it happens...it will happen very quickly. I believe that is what is happening due to the private meetings with Abadi and Trump, etc. and I believe they are past talking about the exchange rate. Trump has given Abadi some advice/direction on what to do inside of Iraq to help with the economic reform. ...the CBI made an announcement (on the Arabic side) of the CBI website. This announcement came out with great power to the banks ...but, this is OLD news. The fact that they are telling us (at least on the Arabic side) is incredible. We believe that this announcement ...is extremely important...We believe this is a by-product from the Trump/Abadi meetings. IMO...with this announcement...they have sped up the MR. The speed...it will happen very quickly...once we have Mosul. Another thing...IOO ...they are telling the banks to DO THIS NOW...because they are about to be audited so they are ready to go INTERNATIONAL. IMO...the 1st quarter will finish the monetary reform. The banks better be damn ready.
3-28-2017 Newshound Guru loop Article: "Iraqi command: western Mosul battle finished “on the military level” Quotes: “western Mosul is done on the military level”, adding that “what is left to do is to purge the remaining areas”. "The remaining Islamic State members in the western side of Mosul are “gangs remnants that are targeted accurately by security forces”. What he is saying is that what is left are gangs and not an organized resistance.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
The Cabinet held its regular session on Tuesday 28 March 2017 under the chairmanship of Dr. Haider Abadi.
At the beginning of the session, Dr. Haider Al-Abbadi gave a presentation on the progress of our heroic forces on the right side of the city of Mosul.
The Council of Ministers has blessed the victories achieved by the terrorist gangs and the importance of supporting our heroic forces to sustain the momentum of the victories achieved.
The Council of Ministers rejected the fact that some of the suspects were involved in the bombing that took place in Mosul, where they are serving as an advocate and an attempt to rescue and defend them, indicating that preliminary investigation results were announced in a statement of joint operations.
During the meeting was directed to pay the dues of the delayed contractors immediately after the Federal Audit Bureau completed the audit of these receivables in accordance with the content of the Council of Ministers Resolution No. (161).
It also voted to start the referral procedures on the pipeline project for the export of crude oil through the port of Aqaba (Najaf - Aqaba).
During the meeting, a comprehensive presentation of water and sewerage projects and priorities was presented after the Prime Minister directed the completion of the necessary strategic projects to provide services to the 100 citizens in spite of the financial crisis.
The Council of Ministers was directed to secure the international road linking from Baghdad to the Jordanian border after the feasibility study of the technical and construction of the border port in Trebil as an integral part of the international road project Baghdad - Trebil.
Based on the agreement between Iraq and Jordan in 2013 and after the formation of a joint committee between the Ministries of Industry and Minerals of Iraq and trade and industry to determine the Jordanian products that cause damage to the industry and local agriculture in Iraq, the Committee held meetings and it was agreed to identify the productive capacities of Jordanian factories, To protect the national product and to adhere to the agricultural calendar.
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not posted on English side)
The Cabinet holds its regular session under the chairmanship of the Prime Minister Dr. Haider Abadi
The Cabinet held its regular session on Tuesday 28 March 2017 under the chairmanship of Dr. Haider Abadi.
At the beginning of the session, Dr. Haider Al-Abbadi gave a presentation on the progress of our heroic forces on the right side of the city of Mosul.
The Council of Ministers has blessed the victories achieved by the terrorist gangs and the importance of supporting our heroic forces to sustain the momentum of the victories achieved.
The Council of Ministers rejected the fact that some of the suspects were involved in the bombing that took place in Mosul, where they are serving as an advocate and an attempt to rescue and defend them, indicating that preliminary investigation results were announced in a statement of joint operations.
During the meeting was directed to pay the dues of the delayed contractors immediately after the Federal Audit Bureau completed the audit of these receivables in accordance with the content of the Council of Ministers Resolution No. (161).
It also voted to start the referral procedures on the pipeline project for the export of crude oil through the port of Aqaba (Najaf - Aqaba).
During the meeting, a comprehensive presentation of water and sewerage projects and priorities was presented after the Prime Minister directed the completion of the necessary strategic projects to provide services to the 100 citizens in spite of the financial crisis.
The Council of Ministers was directed to secure the international road linking from Baghdad to the Jordanian border after the feasibility study of the technical and construction of the border port in Trebil as an integral part of the international road project Baghdad - Trebil.
Based on the agreement between Iraq and Jordan in 2013 and after the formation of a joint committee between the Ministries of Industry and Minerals of Iraq and trade and industry to determine the Jordanian products that cause damage to the industry and local agriculture in Iraq, the Committee held meetings and it was agreed to identify the productive capacities of Jordanian factories, To protect the national product and to adhere to the agricultural calendar.
The Cabinet held its regular session on Tuesday 28 March 2017 under the chairmanship of Dr. Haider Abadi.
At the beginning of the session, Dr. Haider Al-Abbadi gave a presentation on the progress of our heroic forces on the right side of the city of Mosul.
The Council of Ministers has blessed the victories achieved by the terrorist gangs and the importance of supporting our heroic forces to sustain the momentum of the victories achieved.
The Council of Ministers rejected the fact that some of the suspects were involved in the bombing that took place in Mosul, where they are serving as an advocate and an attempt to rescue and defend them, indicating that preliminary investigation results were announced in a statement of joint operations.
During the meeting was directed to pay the dues of the delayed contractors immediately after the Federal Audit Bureau completed the audit of these receivables in accordance with the content of the Council of Ministers Resolution No. (161).
It also voted to start the referral procedures on the pipeline project for the export of crude oil through the port of Aqaba (Najaf - Aqaba).
During the meeting, a comprehensive presentation of water and sewerage projects and priorities was presented after the Prime Minister directed the completion of the necessary strategic projects to provide services to the 100 citizens in spite of the financial crisis.
The Council of Ministers was directed to secure the international road linking from Baghdad to the Jordanian border after the feasibility study of the technical and construction of the border port in Trebil as an integral part of the international road project Baghdad - Trebil.
Based on the agreement between Iraq and Jordan in 2013 and after the formation of a joint committee between the Ministries of Industry and Minerals of Iraq and trade and industry to determine the Jordanian products that cause damage to the industry and local agriculture in Iraq, the Committee held meetings and it was agreed to identify the productive capacities of Jordanian factories, To protect the national product and to adhere to the agricultural calendar.
At the beginning of the session, Dr. Haider Al-Abbadi gave a presentation on the progress of our heroic forces on the right side of the city of Mosul.
The Council of Ministers has blessed the victories achieved by the terrorist gangs and the importance of supporting our heroic forces to sustain the momentum of the victories achieved.
The Council of Ministers rejected the fact that some of the suspects were involved in the bombing that took place in Mosul, where they are serving as an advocate and an attempt to rescue and defend them, indicating that preliminary investigation results were announced in a statement of joint operations.
During the meeting was directed to pay the dues of the delayed contractors immediately after the Federal Audit Bureau completed the audit of these receivables in accordance with the content of the Council of Ministers Resolution No. (161).
It also voted to start the referral procedures on the pipeline project for the export of crude oil through the port of Aqaba (Najaf - Aqaba).
During the meeting, a comprehensive presentation of water and sewerage projects and priorities was presented after the Prime Minister directed the completion of the necessary strategic projects to provide services to the 100 citizens in spite of the financial crisis.
The Council of Ministers was directed to secure the international road linking from Baghdad to the Jordanian border after the feasibility study of the technical and construction of the border port in Trebil as an integral part of the international road project Baghdad - Trebil.
Based on the agreement between Iraq and Jordan in 2013 and after the formation of a joint committee between the Ministries of Industry and Minerals of Iraq and trade and industry to determine the Jordanian products that cause damage to the industry and local agriculture in Iraq, the Committee held meetings and it was agreed to identify the productive capacities of Jordanian factories, To protect the national product and to adhere to the agricultural calendar.
Prime Minister's Media Office
March 28, 2017
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Other headlines:
1) Prime Minister Dr. Haider Abadi meets the Speaker of the Algerian National Assembly March 28, 2017
2) Prime Minister Dr. Haidar Abadi meets with Egyptian President, Mr. Abdel Fattah Al Sisi, March 28, 2017
3) Prime Minister Dr. Haider Abadi meets Lebanese President Michel Aoun March 28, 2017
4) Prime Minister Dr. Haider Al - Abbadi heads to Jordan to participate in the Arab Summit March 28, 2017
3) Prime Minister Dr. Haider Abadi meets Lebanese President Michel Aoun March 28, 2017
4) Prime Minister Dr. Haider Al - Abbadi heads to Jordan to participate in the Arab Summit March 28, 2017
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ARTICLE 2
The start of the influx to the venue of the Arab summit in the Dead Sea
2017/3/29 11:10 • 20 times read
[Where - Continue]
Arab leaders and leaders began arriving at the headquarters of the Arab summit in the Dead Sea in Jordan in preparation for the launching of the summit.
Arab leaders and leaders began arriving at the headquarters of the Arab summit in the Dead Sea in Jordan in preparation for the launching of the summit.
The photographs of the heads of delegations and participants were taken with Jordan's King Abdullah II.
The twenty-eighth summit discusses a number of Arab and regional issues in the midst of several crises in the Arab region, in which 18 Arab leaders, with the presence of the Secretary-General of the United Nations and the Coordinator of Foreign Affairs of the European Union, are participating.
The leaders of Saudi Arabia, Egypt, Iraq, Sudan, Tunisia, Qatar, Lebanon, Yemen, Kuwait, Mauritania, Djibouti, Libya and the President of the Palestinian National Authority have so far arrived.
The Arab summit, which begins at 11 am local time, will discuss about 17 items approved by the foreign ministers of the Arab countries in the preparatory meetings held on the overall Arab and regional issues.
The issues discussed at the summit include the Palestinian issue, ways to revive the peace process and the anti-terrorism file.
The twenty-eighth summit discusses a number of Arab and regional issues in the midst of several crises in the Arab region, in which 18 Arab leaders, with the presence of the Secretary-General of the United Nations and the Coordinator of Foreign Affairs of the European Union, are participating.
The leaders of Saudi Arabia, Egypt, Iraq, Sudan, Tunisia, Qatar, Lebanon, Yemen, Kuwait, Mauritania, Djibouti, Libya and the President of the Palestinian National Authority have so far arrived.
The Arab summit, which begins at 11 am local time, will discuss about 17 items approved by the foreign ministers of the Arab countries in the preparatory meetings held on the overall Arab and regional issues.
The issues discussed at the summit include the Palestinian issue, ways to revive the peace process and the anti-terrorism file.
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ARTICLE 3
Urgent after news of his threat of assassination .. Sadr assigns the functions of running the tide to his aides
Release date: 2017/3/29 10:39 • 106 times read
[Ayna-Baghdad]
Sadr's leader, Muqtada al-Sadr, has entrusted his duties to running the mainstream in all affairs to a number of his closest aides.
Sadr's leader, Muqtada al-Sadr, has entrusted his duties to running the mainstream in all affairs to a number of his closest aides.
A statement from his office received the agency of all Iraq [where] a copy of it, that Sadr has commissioned a number of leaders of the current for him in the management of public business of the Sadrist movement in all its details to return to him in the tasks of their affairs.
He also named Sadr, according to another statement of his office, "members of the [Shura Council], to be given the task of advising him or the leadership, in addition to his representation in some forums."
The move comes after Sadr revealed in his speech to the protesters in the liberation scene in Baghdad last Friday on threats of assassination, and repeated the word "threat of death", more than five times.
His spokesman, Jaafar al-Musawi, revealed the presence of internal and external bodies behind the threat of the leader of the current death in exchange for silence on the corrupt and abandon the draft reform.
"We are aware of some details of serious threats of death, some of which reached us, both internal and external," Moussawi said in a statement. "He knows who is behind those threats and who wants to walk the country into the abyss."
He also named Sadr, according to another statement of his office, "members of the [Shura Council], to be given the task of advising him or the leadership, in addition to his representation in some forums."
The move comes after Sadr revealed in his speech to the protesters in the liberation scene in Baghdad last Friday on threats of assassination, and repeated the word "threat of death", more than five times.
His spokesman, Jaafar al-Musawi, revealed the presence of internal and external bodies behind the threat of the leader of the current death in exchange for silence on the corrupt and abandon the draft reform.
"We are aware of some details of serious threats of death, some of which reached us, both internal and external," Moussawi said in a statement. "He knows who is behind those threats and who wants to walk the country into the abyss."
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ARTICLE 4
"Da'ash" attacks the village of Tal Hajm and Iraqi forces confront
NINEWA, Iraq, March 29 (Reuters) - Iraqi security forces on Wednesday foiled an attack on elements of an organization calling for a village west of Mosul, while imposing control after all the attackers were killed.
"The Iraqi forces secured the village of Tal Hajjam, west of Mosul, after a failed attack by elements of an organization calling for the killing of all elements of the attacking detachment and the destruction of their mechanisms in full," the source said.
He pointed out that "the new exposure is the third of its kind in a row in a bid to open a hole in the area mentioned and escape towards Syria," adding that "Iraqi forces cut off all supply lines from the extremist organization in the western axis, causing him to open the opening Syria" . AH
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ARTICLE 5
The destruction of two weapons depots, a marching aircraft and a bomb factory west of Ramadi with air strikes
ANBAR, March 28 (KUNA) - The United States-led International Air Force (IAAF) launched raids in western Ramadi, destroying an arms depot, a booby-trapped factory and an aircraft depot, a spokesman said.
"The shelling also resulted in the deaths of 10 gunmen from the elements of the organization calling, including two leaders, in addition to a suicide bomber wearing an explosive belt and the destruction of a mechanism Shafl armored in the city of him also."
Separately, al-Fajr, north of Dhi Qar, managed to seize a modified Renault-type trailer used to smuggle oil derivatives and arrest its 24-year-old driver, Al-Bayaa, in Baghdad. The competent police station to complete the legal proceedings against him and submit him to the judiciary to receive his fair punishment. AH
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ARTICLE 6
The death of Abu Odeh of Norway and Abdul Rahman al-Beljiki in an air strike in Ayman Mosul
NINEWA, Iraq, March 29 (UPI) - Iraq's Defense Ministry said on Wednesday that it was carrying information from the Directorate of Military Intelligence.
"The air strike resulted in the killing of Ahmed Mazen, aka Abu Odeh, a Norwegian national and military intelligence officer for the so-called Nineveh province, and the killing of Ibrahim al-Shafi, aka Abu Khattab, an Egyptian citizen, "The strike also resulted in the death of Mohammed Abdel Rahman, aka Abu Hashim, a Belgian of Algerian origin, responsible for recruiting foreign migrants, in the Tannak district behind the pension market on the right side of Mosul."
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ARTICLE 7
Federal police: edit 330 km 2 since the start of the battle of Ayman Mosul
2017/3/29 11:41
[Ayna-Baghdad]
The commander of the federal police, Lieutenant General Raed Shaker Jawdat, said that his forces have liberated alone the area of more than 300 square kilometers on the right side of the city of Mosul since the start of operations to recover from terrorist gangs before 39 a day.
The commander of the federal police, Lieutenant General Raed Shaker Jawdat, said that his forces have liberated alone the area of more than 300 square kilometers on the right side of the city of Mosul since the start of operations to recover from terrorist gangs before 39 a day.
"Our total military operations since its launch on the right side on 19 February resulted in the restoration of control of 62 targets from areas, neighborhoods and institutions and the liberation of an area of 330 km 2," Jawdat said in a statement received by the All Iraq agency.
He added that during this period, "the evacuation of 25 thousand displaced and the provision of 29 thousand baskets of food and killed hundreds of terrorists and the destruction of 286 mechanism and a bicycle bomb."
He added that during this period, "the evacuation of 25 thousand displaced and the provision of 29 thousand baskets of food and killed hundreds of terrorists and the destruction of 286 mechanism and a bicycle bomb."
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