Word on the Street Friday 5/12/17:
Forex Rates:
| USD/IQD | | | 1,180.0000 | 1,140.5000 | 1,141.1000 | | 07:41 |
| USD/VND | | | 22,370.0000 | 22,324.0000 | 22,370.0000 | | 07:08 |
| USD/CNY | | | 6.9109 | 6.8975 | 6.9036 | | 09:01 |
| USD/KWD | | | 0.3044 | 0.3038 | 0.3038 | | 07:36 |
| GBP/USD | | | 1.2899 | 1.2845 | 1.2888 | | 09:02 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,343.0000 | 13,311.0000 | 13,312.0000 | | 09:01 |
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:
Iraq produces three million and 650 thousand tons of wheat this year
Release Date: 2017/5/11 12:59 • 20 times read
(Baghdad: Al Furat News) The Ministry of Agriculture, said that Iraq's production of wheat crop (wheat) for the agricultural season this year amounted to more than 3 million tons.
"The agricultural sector will provide 80 percent of the wheat crop needs, where wheat production is estimated at 3 million to 650,000 tons this year," said Mehdi al-Qaisi, the technical agent of the Ministry of Agriculture. Within the national program for the development of wheat growing in Iraq. "
He stressed that "the competent cadres in the national program for the development of wheat growing in Iraq developed salty varieties of high quality and are the types of {Euphrates and Tigris}," pointing out that "the areas under the umbrella of this program amounted to about 3 million acres."
"A parallel program has also been implemented and supported the national program, which is the breeding program of the higher grades of wheat, which will increase the production and productivity of wheat crop and accelerate the self-sufficiency of this strategic crop."
He added that "the achievement of food security for the Iraqi individual is the main objective that the ministry seeks to achieve," adding that "the competent cadres are working to implement programs within short, medium and long-term agricultural plans, and implemented many of them in the agricultural sector, both vegetable and animal.
He stressed that "the competent cadres in the national program for the development of wheat growing in Iraq developed salty varieties of high quality and are the types of {Euphrates and Tigris}," pointing out that "the areas under the umbrella of this program amounted to about 3 million acres."
"A parallel program has also been implemented and supported the national program, which is the breeding program of the higher grades of wheat, which will increase the production and productivity of wheat crop and accelerate the self-sufficiency of this strategic crop."
He added that "the achievement of food security for the Iraqi individual is the main objective that the ministry seeks to achieve," adding that "the competent cadres are working to implement programs within short, medium and long-term agricultural plans, and implemented many of them in the agricultural sector, both vegetable and animal.
Social Security examines "files" suits, complaints and corporate debts
Baghdad / Al-Ghad Press:
The Department of Pensions and Social Security for workers in the Ministry of Labor and Social Affairs, on Friday, discussed the files of cases and complaints and debt companies, calling on entrepreneurs to pay their debts.
"The Department of Pension and Social Security of the workers in the Ministry of Labor and Social Affairs held a meeting with officials of the legal people in Baghdad and the provinces to discuss implementation files, real estate and suits and to determine the mechanism of action on them," the director general of the department, Ali Jaafar al-Hilu, said in a statement. And to overcome obstacles to action "
He added that "the importance of follow-up of the debt file has been stressed and urged the city projects to the department to pay back what they have prepared and carry out their obligations to the department."
He added that he was "organized by detailed records of the claims settled and undisclosed and sent monthly statistics of their own to the center of the Department and prepare detailed data on the properties belonging to departments of the Department in the provinces and the statement of their position whether leased or vacant or exceeded by others."
He called for "the need to maintain contact with local governments by virtue of joint work and stay away from the debates with them, which will contribute to strengthen the partnership between these councils and departments of the provinces in the provinces, which leads to the success of work and smooth."
The Department of Pensions and Social Security for workers in the Ministry of Labor and Social Affairs, on Friday, discussed the files of cases and complaints and debt companies, calling on entrepreneurs to pay their debts.
"The Department of Pension and Social Security of the workers in the Ministry of Labor and Social Affairs held a meeting with officials of the legal people in Baghdad and the provinces to discuss implementation files, real estate and suits and to determine the mechanism of action on them," the director general of the department, Ali Jaafar al-Hilu, said in a statement. And to overcome obstacles to action "
He added that "the importance of follow-up of the debt file has been stressed and urged the city projects to the department to pay back what they have prepared and carry out their obligations to the department."
He added that he was "organized by detailed records of the claims settled and undisclosed and sent monthly statistics of their own to the center of the Department and prepare detailed data on the properties belonging to departments of the Department in the provinces and the statement of their position whether leased or vacant or exceeded by others."
He called for "the need to maintain contact with local governments by virtue of joint work and stay away from the debates with them, which will contribute to strengthen the partnership between these councils and departments of the provinces in the provinces, which leads to the success of work and smooth."
More than 21 million species of carp have been released in the marshes
Release date: 2017/5/11 10:26 • 95 times read
{Baghdad: Al Furat News} The Ministry of Agriculture has announced the release of more than 21 million species of carp larvae in the marshes.
According to a ministry statement received by the agency {Euphrates News} a copy of it, that "was launched 8 million carats in the return of Harp return in Maysan province, including 6 million larvae of carp production of fish Almimouna and two million larva carp and 250 thousand stems derived from the hatchery fish.
He pointed out that "the continuation of the release of carp larvae in the marshes of the province of Basra, where five million and 600 thousand larvae were released from the Essaouira hatch in the marshes of Dhi Qar province and seven million and 500 thousand larvae in the marshes of Maysan province in Hungary / Justice /
"The Ministry of Agriculture is seeking to pump and release large quantities of larvae and carp fingerlings to increase fish stocks in the marshes to the maximum extent of production to meet the local market demand of fish," the statement said.
He pointed out that "the continuation of the release of carp larvae in the marshes of the province of Basra, where five million and 600 thousand larvae were released from the Essaouira hatch in the marshes of Dhi Qar province and seven million and 500 thousand larvae in the marshes of Maysan province in Hungary / Justice /
"The Ministry of Agriculture is seeking to pump and release large quantities of larvae and carp fingerlings to increase fish stocks in the marshes to the maximum extent of production to meet the local market demand of fish," the statement said.
Sadr and Abbadi are discussing "secretly" the participation of the "popular crowd" in the elections
The leader of the Sadrist movement in Iraq, Moqtada al-Sadr, on Wednesday, a secret meeting with the Iraqi Prime Minister, Haider Abadi.
A deputy close to the Prime Minister of Iraq, that Sadr asked to postpone the local elections until a solution to the participation of the popular crowd in the elections, referring to the fear of the leader of the current from the voices of the crowd to the parties quarreling.
A deputy close to the Prime Minister of Iraq, that Sadr asked to postpone the local elections until a solution to the participation of the popular crowd in the elections, referring to the fear of the leader of the current from the voices of the crowd to the parties quarreling.
The sources added that the meeting lasted a full hour and in secret, stressing that the two sides focused on the discussion of important topics, foremost of which is the liberation of Mosul, and the integration of the popular crowd in the security forces.
A source close to Abadi said that Sadr offered the possibility of postponing the local elections and integrating them in the parliamentary elections so that the government can address and organize the popular popular vote to keep it away from partisan and political influences. He pointed to the presence of political parties fearing the vote of the crowd groups.
For his part, said a member of the Liberal bloc, in the Iraqi parliament, Riyad Ghali, that the latest movement by the leader of the Sadrist movement is an attempt to reform the situation in Iraq, and abort the external schemes that seek to weaken the Iraqi state.
He added that "the provincial elections will be merged with the elections of the Council of Representatives next year," stressing that "Sadr seeks through these recent meetings to explain and implement his reform program and the pursuit of corrupt," referring to Sadr's assertion on the "need to melt the crowd in the security services."
On Thursday, parties close to Sadr announced his intention to present his program at a news conference, but did not disclose details.
Sadr called on Wednesday to expel the kidnappers and criminals from the popular crowd of his organizations, or else isolate the entire party from the crowd if they belong to him.
"The kidnappings that are happening now are only a small fraction of what will happen in the future, I mean, after the government extends its control over the usurped areas," he said, referring to the areas controlled by the terrorist organization.
A source close to Abadi said that Sadr offered the possibility of postponing the local elections and integrating them in the parliamentary elections so that the government can address and organize the popular popular vote to keep it away from partisan and political influences. He pointed to the presence of political parties fearing the vote of the crowd groups.
For his part, said a member of the Liberal bloc, in the Iraqi parliament, Riyad Ghali, that the latest movement by the leader of the Sadrist movement is an attempt to reform the situation in Iraq, and abort the external schemes that seek to weaken the Iraqi state.
He added that "the provincial elections will be merged with the elections of the Council of Representatives next year," stressing that "Sadr seeks through these recent meetings to explain and implement his reform program and the pursuit of corrupt," referring to Sadr's assertion on the "need to melt the crowd in the security services."
On Thursday, parties close to Sadr announced his intention to present his program at a news conference, but did not disclose details.
Sadr called on Wednesday to expel the kidnappers and criminals from the popular crowd of his organizations, or else isolate the entire party from the crowd if they belong to him.
"The kidnappings that are happening now are only a small fraction of what will happen in the future, I mean, after the government extends its control over the usurped areas," he said, referring to the areas controlled by the terrorist organization.
Expert: National Alliance demanded the change of the Commission for fear of fragmentation
An expert in Iraqi political affairs on Thursday, asked the National Alliance to select new members of the Electoral Commission for elections, fearing the future of the government and the National Alliance of fragmentation and splits and the loss of government.
The political analyst Jassim al-Moussawi told "The Journal News" that "the National Alliance fears for his government to fragment after the threats that the leader of the Sadrist movement to withdraw from the coalition and thus change the balance to the other side of the loss of Sadrists of the National Alliance."
He added that "the visit of the Iraqi parliament speaker Salim al-Jubouri to Hanana recently was to conclude a truce deal between the National Alliance and the Sadrist movement, especially that the leader of the Sadrist movement has tendencies to other parties outside the National Alliance, part of Mr. Sadr's philosophy accepted in" stranger than near. "
He pointed out that "the acceptance of the National Alliance not to extend the work of the Commission because of his fear of mobilizing the street against the National Alliance and Shiite Shiite escalation," especially as the Shiite character of the most characters who try to draw each other even if they are based on principles and values and ethics.
Moussawi said that "the acceptance of the rule of law replaced the members of the Electoral Commission for elections because of fear of splits as not all members of the rule of law, benefiting from the survival of the Commission Fatali inevitably will be splits within the rule of law because of the policy of the Commission"
The National Alliance called yesterday, to the need to replace the members of the Independent High Electoral Commission, stressing the expeditious formation of a political committee to engage with the Kurdistan Region.
Kauaihn Iraq Articles:
Egypt expects the arrival of the first shipment of oil from Iraq mid-month
Release Date: 2017/5/11 11:50 • 53 times read
(Reuters) - Egypt expects the first crude oil shipment from Iraq to arrive in mid-May, an official at Egypt's Oil Ministry said on Thursday.
Under an agreement reached last month by Egypt and Iraq, Iraq sells 12 million barrels of oil to Egypt for a year.
Iraq began last Thursday to load a tanker of two million barrels of crude oil for export to Egypt.
In the meantime, Saudi Aramco, the world's largest oil company, has returned to Egypt about 700,000 tons of petroleum products per month at the end of March after it stopped in October due to the different positions between the two countries because of the Syrian crisis.
Iraq began last Thursday to load a tanker of two million barrels of crude oil for export to Egypt.
In the meantime, Saudi Aramco, the world's largest oil company, has returned to Egypt about 700,000 tons of petroleum products per month at the end of March after it stopped in October due to the different positions between the two countries because of the Syrian crisis.
Masoum congratulates his new Korean counterpart and hopes to develop the two countries' relations
Date of release: 2017/5/10 23:55 • 143 times read
(VOI) - President Fuad Masoum on Wednesday sent a cable of congratulations to Mon Jai on his election as the new president of the Republic of South Korea.
"In my name and in the name of the Iraqi people, I extend to you and the people of the Republic of Korea their sincere congratulations on your election as President of Korea. I wish you every success and your country all the progress and prosperity and the relations between our two countries," the text of the telegram said, Further development and joint cooperation for the benefit of the two countries. "
The new South Korean president, Moon Jayne, was sworn in at a simple ceremony in parliament on Wednesday.
He then stated that he was willing to reach a solution to the tension with his northern neighbor and was ready to visit Pyongyang if conditions were available.
He won a landslide victory in an early election that was called for a replacement to replace Park Gyeon-Hye, who was ousted from power in March over a corruption scandal.
The new South Korean president, Moon Jayne, was sworn in at a simple ceremony in parliament on Wednesday.
He then stated that he was willing to reach a solution to the tension with his northern neighbor and was ready to visit Pyongyang if conditions were available.
He won a landslide victory in an early election that was called for a replacement to replace Park Gyeon-Hye, who was ousted from power in March over a corruption scandal.
Baghdad Municipality waiting to vote on the decision to convert the sex of agricultural land
Baghdad Municipality announced that it is awaiting the orders of the presidency, ministers and parliament to decide on the issue of converting the sex of agricultural land to housing.
The spokesman for the secretariat, Hakim Abdul-Zahra, told the "Journal News" on Thursday that "the Secretariat of Baghdad has made several proposals and there is a great possibility to convert the sex of the land from agricultural to residential because these areas are originally agricultural and cut off the water quota and inhabited by citizens and thus can Effectively changing their gender "," water and electricity networks have been extended to them and need to be diverted. " He pointed out that "the area of seven palaces to the number of 100 thousand citizens as well as the area of the ambassador near the Obeidi area."
He added that "the responsibility of the Secretariat of Baghdad falls within the borders of the capital Baghdad, while the Ministry of Municipalities outside the borders of the province of Baghdad."
He pointed out that "the concerned parties, including the parliament, asked the Secretariat to submit studies to this issue in addition to proposals that were examined by special committees in parliament." He pointed out that "no law has been enacted until now, the existence of a previous law issued in 1984,
"It is not right to change all the agricultural land in Baghdad and turn it into a residential area because the basic design of the city of Baghdad, which has not been approved by the House of Representatives, is a development plan for Baghdad to 2030, and within this scheme some land will gradually turn from agricultural to residential."
He stressed that "it is supposed to build many units and residential complexes that absorb the demographic momentum experienced by the capital Baghdad, in addition to seeking to build vertical because Baghdad is experiencing a momentum and a large population decline."
Oil minister: OPEC seeks to extend Vienna agreement on cut production
11-05-2017 01:02 PM
The Euphrates -
Oil Minister Abdul Karim al-Allaibi said the Organization of Petroleum Exporting Countries (OPEC) is moving towards extending the Vienna agreement on reducing oil production.
Al-Allaibi said in a press statement that the oil-producing countries will discuss the issue of extension at the meeting in Vienna to be held on the 25 of this month .. But in principle there is an agreement and direction towards the extension, because this will lead to stability of oil prices and this reflected in turn positively on the Iraqi budget. The statements made by the minister are the first of its kind as it was hinted by Algerian Energy Minister Noureddine Boutarifah, as well as his Saudi counterpart Khaled al-Falih and Russian Energy Minister Alexander Novak that the idea of extending the agreement until the end of 2017 is discussed and very forthcoming.
Al-Allaibi said in a press statement that the oil-producing countries will discuss the issue of extension at the meeting in Vienna to be held on the 25 of this month .. But in principle there is an agreement and direction towards the extension, because this will lead to stability of oil prices and this reflected in turn positively on the Iraqi budget. The statements made by the minister are the first of its kind as it was hinted by Algerian Energy Minister Noureddine Boutarifah, as well as his Saudi counterpart Khaled al-Falih and Russian Energy Minister Alexander Novak that the idea of extending the agreement until the end of 2017 is discussed and very forthcoming.
Egypt receives first Iraqi oil shipment in May
Published : 11.05.2017
An official at the Egyptian Ministry of Petroleum said that his country expects the arrival of the first shipment of crude oil from Iraq in mid-May.
Under an agreement reached last month by Egypt and Iraq , Baghdad sells about 12 million barrels of oil to Egypt for a year.
Iraq began last Thursday to load a tanker about two million barrels of crude oil for export to Egypt .
Egypt has sought to compensate for its oil shortage in Iraq after Saudi Aramco stopped supplies to Cairo in October due to market conditions.
Saudi Aramco , however, returned some 700,000 tons of petroleum to Egypt last month.
Source: Agencies
Nadezhda Aniotina
Kauaihn Economic Times:
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GLOBAL/ NEWS/ INFO
What's the difference between monetary policy and fiscal policy?
InvestopediaFiscal policy is the collective term for the taxing and spending actions of governments. Monetary policy is the management of interest rates and the total supply of money in circulation. Read the full story
InvestopediaFiscal policy is the collective term for the taxing and spending actions of governments. Monetary policy is the management of interest rates and the total supply of money in circulation. Read the full story
How Can Inflation Be Good for the Economy?
InvestopediA Find out why some economists and public policy makers believe that inflation is a good, or even necessary, phenomenon to help economic growth. Read the full story
5 simple questions could radically improve your money life
Business InsiderA good starting point, no matter your age or health, might even be, "What would a good day look like?" Flickr/Strelka Institute for Media, Architecture and Design "What would a good day look like?" That's one of five questions that Atul Gawande thinks people facing a terminal illness should be asked in the early stages of their treatment. In his research, Dr. Gawande, a renowned surgeon and best-selling author, has discovered that patients who have these conversations with their family and Read the full story
Business InsiderA good starting point, no matter your age or health, might even be, "What would a good day look like?" Flickr/Strelka Institute for Media, Architecture and Design "What would a good day look like?" That's one of five questions that Atul Gawande thinks people facing a terminal illness should be asked in the early stages of their treatment. In his research, Dr. Gawande, a renowned surgeon and best-selling author, has discovered that patients who have these conversations with their family and Read the full story
OIL / COMMODITIES / ENERGY
Goldman On Commodities: Upside & Downside For Oil
Barron's
Oil prices may reflect OPEC production cuts through 2017, but there's still some upside, Goldman Sachs says. Read the full story
Gold tallies best one-day gain in over 2 weeks
MarketWatch
Gold prices tally on Wednesday their best single-session gain in more than two weeks, bouncing off their lowest finish since mid-March, as investors favor haven plays amid more upheaval in Washington. Read the full story
Gold steadies above 8-week low as dollar, stocks gain
Livemint
Bengaluru: Gold edged up on Thursday to hold just above an eight-week low hit earlier this week, with the US dollar declining against the yen. Read the full story
Gold: Why Friday's CPI MattersInvesting.com
Economy 2017-05-11 08:00:00 by Chaim Siegel of Elazar Advisors, LLC Gold has a problem. Inflation has been dropping while interest rates are rising. It’s a double-whammy of bad for gold. Gold needs a good CPI number on Friday, otherwise it’s looking at more downside. First, The Chart Gold Daily 2013-2017 Above is the gold futures chart. The key level that it absolutely needs to hold is 1213. That is just too close for us to have any confidence in it holding. Gold must hold that level. We drew a Read the full story
Oil up over 3% for biggest one-day gain since December
MarketWatch
Oil prices settled with a gain of more than 3% Wednesday, their largest since December. The Energy Information Administration reported a bigger-than-expected drop of 5.2 million barrels in last week's U.S. crude supplies. That was the biggest weekly decline of the year. Gasoline futures also rallied as weekly U.S. inventories of the fuel edged lower. June WTI crude rose $1.45, or 3.2%, to settle at $47.33 a barrel on the New York Mercantile Exchange. June gasoline added 5 cents, or 3.4%, to Read the full story
OIL / COMMODITIES / ENERGY
Goldman On Commodities: Upside & Downside For Oil
Barron's
Barron's
Oil prices may reflect OPEC production cuts through 2017, but there's still some upside, Goldman Sachs says. Read the full story
Gold tallies best one-day gain in over 2 weeks
MarketWatch
MarketWatch
Gold prices tally on Wednesday their best single-session gain in more than two weeks, bouncing off their lowest finish since mid-March, as investors favor haven plays amid more upheaval in Washington. Read the full story
Gold steadies above 8-week low as dollar, stocks gain
Livemint
Livemint
Bengaluru: Gold edged up on Thursday to hold just above an eight-week low hit earlier this week, with the US dollar declining against the yen. Read the full story
Gold: Why Friday's CPI MattersInvesting.com
Economy 2017-05-11 08:00:00 by Chaim Siegel of Elazar Advisors, LLC Gold has a problem. Inflation has been dropping while interest rates are rising. It’s a double-whammy of bad for gold. Gold needs a good CPI number on Friday, otherwise it’s looking at more downside. First, The Chart Gold Daily 2013-2017 Above is the gold futures chart. The key level that it absolutely needs to hold is 1213. That is just too close for us to have any confidence in it holding. Gold must hold that level. We drew a Read the full story
Oil up over 3% for biggest one-day gain since December
MarketWatch
MarketWatch
Oil prices settled with a gain of more than 3% Wednesday, their largest since December. The Energy Information Administration reported a bigger-than-expected drop of 5.2 million barrels in last week's U.S. crude supplies. That was the biggest weekly decline of the year. Gasoline futures also rallied as weekly U.S. inventories of the fuel edged lower. June WTI crude rose $1.45, or 3.2%, to settle at $47.33 a barrel on the New York Mercantile Exchange. June gasoline added 5 cents, or 3.4%, to Read the full story
BANKS / BANKING
Fed's Kashkari: Keep Dodd-Frank regulations in place for big banks
Reuters
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street. Read the full story
Openness does not come naturally to central banks, says Citi's Buiter
CNBC
Central banks tend to find transparency difficult when it comes to declaring the reasoning behind their monetary policy, according to Citigroup's Buiter. Read the full story
Saxo Bank: CAD and other commodity dollars struggling for air
FX-MM
The Toronto skyline continues to add condo after condo, but Canada's big banks may be teetering on the edge of a lending catastrophe, says John J Hardy, Head of FX Strategy at Saxo Bank... Read the full story
Bank of England Says Smooth Brexit Could Mean Faster Rate Increases
Bloomberg
Bank of England Holds Rates Steady at 0.25% Mark Carney warned that U.K. households will face a difficult year, underpinning the Bank of England’s decision to keep interest rates on hold. The pound fell. While the BOE governor said policy makers have assumed the U.K.’s departure from the European Union will unfold smoothly, he noted the uncertainties surrounding that process and said real wage growth will remain weak for now. “This is going to be a more challenging time for households,” Carney Read the full story
Italian banks a bright spot as European stocks fall back
MarketWatch
European stocks sagged Thursday, easing back from more than one-year high, but a well-received earnings reports from Italy’s UniCredit SpA helped lift bank shares. Read the full story
More consolidation in Asian private banking as OCBC to buy NAB's Singapore and Hong Kong business
CNBC
OCBC announced Thursday it is buying NAB's private wealth business in Singapore and Hong Kong – the latest sign of consolidation in Asia's wealth industry. Read the full story
Agricultural Bank of China starts RMB settlement in UAE
POST Online Media
Agricultural Bank of China (ABC), the third biggest lender in China in relation to assets, opened on Wednesday a Chinese currency RMB, or the yuan, clearing branch in the United Arab Emirates (UAE). The Dubai branch is ABC's first yuan clearing bank and its second branch in the Middle East after another branch in the Dubai International Financial Center (DIFC), the ...Read the full story
RBI looks forward to juggling exchange rate and liquidity
Livemint
Dealing with an unprecedented liquidity surplus for a longer period of time is tricky, especially when it impinges on foreign exchange interventions. But the Reserve Bank of India (RBI) is putting its best efforts in at least avoiding an increase in an already colossal level of rupee liquidity and at the same time keeping the dollar/rupee exchange rate under a leash. Read the full story
BANKS / BANKING
Fed's Kashkari: Keep Dodd-Frank regulations in place for big banks
Reuters
Reuters
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street. Read the full story
Openness does not come naturally to central banks, says Citi's Buiter
CNBC
CNBC
Central banks tend to find transparency difficult when it comes to declaring the reasoning behind their monetary policy, according to Citigroup's Buiter. Read the full story
Saxo Bank: CAD and other commodity dollars struggling for air
FX-MM
FX-MM
The Toronto skyline continues to add condo after condo, but Canada's big banks may be teetering on the edge of a lending catastrophe, says John J Hardy, Head of FX Strategy at Saxo Bank... Read the full story
Bank of England Says Smooth Brexit Could Mean Faster Rate Increases
Bloomberg
Bloomberg
Bank of England Holds Rates Steady at 0.25% Mark Carney warned that U.K. households will face a difficult year, underpinning the Bank of England’s decision to keep interest rates on hold. The pound fell. While the BOE governor said policy makers have assumed the U.K.’s departure from the European Union will unfold smoothly, he noted the uncertainties surrounding that process and said real wage growth will remain weak for now. “This is going to be a more challenging time for households,” Carney Read the full story
Italian banks a bright spot as European stocks fall back
MarketWatch
MarketWatch
European stocks sagged Thursday, easing back from more than one-year high, but a well-received earnings reports from Italy’s UniCredit SpA helped lift bank shares. Read the full story
More consolidation in Asian private banking as OCBC to buy NAB's Singapore and Hong Kong business
CNBC
CNBC
OCBC announced Thursday it is buying NAB's private wealth business in Singapore and Hong Kong – the latest sign of consolidation in Asia's wealth industry. Read the full story
Agricultural Bank of China starts RMB settlement in UAE
POST Online Media
POST Online Media
Agricultural Bank of China (ABC), the third biggest lender in China in relation to assets, opened on Wednesday a Chinese currency RMB, or the yuan, clearing branch in the United Arab Emirates (UAE). The Dubai branch is ABC's first yuan clearing bank and its second branch in the Middle East after another branch in the Dubai International Financial Center (DIFC), the ...Read the full story
RBI looks forward to juggling exchange rate and liquidity
Livemint
Livemint
Dealing with an unprecedented liquidity surplus for a longer period of time is tricky, especially when it impinges on foreign exchange interventions. But the Reserve Bank of India (RBI) is putting its best efforts in at least avoiding an increase in an already colossal level of rupee liquidity and at the same time keeping the dollar/rupee exchange rate under a leash. Read the full story
TREASURIES/ BONDS/ STOCKS
Don’t confuse inactivity in the market for investor euphoria, Nomura warns
CNBC
Analysts have warned that the current level of inactivity in the market should not be confused for investor euphoria. Read the full story
Next 10 Years: Irrational Exuberance is Over!
Investopedia
The party may really be over. Investors should see much lower stock returns over the next decade, per informed sources, such as the Vanguard Group. Read the full story
U.S. prosecutors said probing hedge funds over bond valuations
HITC
U.S. prosecutors are investigating one of Wall Street’s darkest markets, focusing on hedge funds suspected of inflating the value of debt securities in their portfolios to juice the fees they collect. Read the full story
Futures point to lower open on Wall Street; Snap earnings disappoint
CNBC
U.S. stock index futures pointed to a lower open on Thursday after the Nasdaq notched a record close and a five-day winning streak. Read the full story
Asian stocks get lift, strong gains in oil prices buoy energy
The Globe and Mail
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent early on Thursday, while Japan’s Nikkei advanced 0.2 per cent Read the full story
TREASURIES/ BONDS/ STOCKS
Don’t confuse inactivity in the market for investor euphoria, Nomura warns
CNBC
CNBC
Analysts have warned that the current level of inactivity in the market should not be confused for investor euphoria. Read the full story
Next 10 Years: Irrational Exuberance is Over!
Investopedia
Investopedia
The party may really be over. Investors should see much lower stock returns over the next decade, per informed sources, such as the Vanguard Group. Read the full story
U.S. prosecutors said probing hedge funds over bond valuations
HITC
HITC
U.S. prosecutors are investigating one of Wall Street’s darkest markets, focusing on hedge funds suspected of inflating the value of debt securities in their portfolios to juice the fees they collect. Read the full story
Futures point to lower open on Wall Street; Snap earnings disappoint
CNBC
CNBC
U.S. stock index futures pointed to a lower open on Thursday after the Nasdaq notched a record close and a five-day winning streak. Read the full story
Asian stocks get lift, strong gains in oil prices buoy energy
The Globe and Mail
The Globe and Mail
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent early on Thursday, while Japan’s Nikkei advanced 0.2 per cent Read the full story
CURRENCIES
Currency forecasting is still more art than science
International Business Times, UK Edition
No forex forecasting model outperforms random walk benchmark but PPP models serve a purpose. Read the full story
Bitcoin crosses $1,800 for the first time adding $3 billion in market cap in just four days
CNBC
The bitcoin rally is partly being driven by positive noises from policymakers and regulators. Read the full story
Dollar at eight-week highs vs yen on U.S. economic optimism
CDA News
TOKYO (Reuters) – The dollar edged up to eight week highs against the yen on Thursday in early Asian trading, as investors’ focus turned back to the strength of the economy and away from U.S. politics. The dollar was slightly up on the day at 114.31 yen after earlier rising as high as 114.37, […] Read the full story
Forex - Dollar holds steady vs. rivals in cautious tradeInvesting.com
© Reuters. Dollar little changed against other majors with BoE decision ahead Read the full story
Dollar flat, pound steady ahead of BOE
Forex May 11, 2017 07:03 GMT Investing.com - The dollar was flat Thursday as the market assessed the fallout from Trump’s sacking of FBI Director James Comey. The dollar index was off 0.03% at 99.47 at 02:45 ET. There are concerns Comey’s abrupt dismissal could prove a distraction for the Trump administration’s economic agenda. The dollar remains supported by expectations of further U.S. tightening this year. Investing.com’s Fed Rate Monitor Tool shows the chances of a June hike at over 80%. The Read the full story
Pound to euro exchange rate - Sterling climbs drastically for first time in months to THIS
Express
THE EXCHANGE rate for the pound to euro has climbed drastically. The euro exchange rate is currently at a high of 1.19 - the best rate in months. The Post Office exchange rate is currently at 1 GBP to 1.546 EUR for sums over £500. The pound to euro exchange rate has climbed from 1.18 to 1.19, perhaps in part to Emmanuel Macron’s win in the French election. Read the full story
Kiwi, Canadian dollars sink on domestic woes
CDA News
By Patrick Graham LONDON (Reuters) – The New Zealand dollar sank to an almost one-year low and its Canadian counterpart by roughly half a percent on Thursday as domestic concerns outweighed a bounce in oil prices for the commodity-focused currencies. The kiwi sank by as much as 1.5 percent after the Reserve Bank of New […] Read the full story
Pound dips after U.K. data disappoints, BoE aheadInvesting.com
Forex May 11, 2017 09:42 GMT Investing.com - Sterling dipped Thursday as U.K. data miss forecasts, BoE ahead. The pound was off 0.24% at $1.2910 at 05:00 ET after an intraday high of 1.2948. Construction, manufacturing and industrial production for March came in below forecasts. The trade deficit also widened more than expected. The BoE is expected to leave monetary policy on hold at its MPC meeting. Read the full story
The kiwi plunges as the Reserve Bank of New Zealand cuts its inflation outlook
Business Insider
Investing.com The New Zealand dollar fell Thursday following the central bank's latest monetary policy decision. The kiwi is down by 0.7% at 0.6845 dollar as of 8:10 a.m. ET after falling by as much as 1.3%. It is at the lowest level since June 2016. The Reserve Bank of New Zealand held its key rate at 1.75%, as most analysts were expecting, and lowered its inflation forecast. "We are maintaining our view that the RBNZ will keep its benchmark policy rate unchanged for the rest of 2017 as the Read the full story
NZ dollar gains ahead of RBNZ statement
Scoop
May 11 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's monetary policy statement, which is expected to see the official cash rate kept at 1.75 percent but with an interest rate hike signalled sooner than in its last MPS three months ... Read the full story
Rupee strengthens against US dollar in early trade
Livemint
Mumbai: The Indian rupee on Thursday strengthened against the US dollar taking cues from local equity markets as it gains for the fourth consecutive day. Read the full story
CURRENCIES
Currency forecasting is still more art than science
International Business Times, UK Edition
International Business Times, UK Edition
No forex forecasting model outperforms random walk benchmark but PPP models serve a purpose. Read the full story
Bitcoin crosses $1,800 for the first time adding $3 billion in market cap in just four days
CNBC
CNBC
The bitcoin rally is partly being driven by positive noises from policymakers and regulators. Read the full story
Dollar at eight-week highs vs yen on U.S. economic optimism
CDA News
CDA News
TOKYO (Reuters) – The dollar edged up to eight week highs against the yen on Thursday in early Asian trading, as investors’ focus turned back to the strength of the economy and away from U.S. politics. The dollar was slightly up on the day at 114.31 yen after earlier rising as high as 114.37, […] Read the full story
Forex - Dollar holds steady vs. rivals in cautious tradeInvesting.com
© Reuters. Dollar little changed against other majors with BoE decision ahead Read the full story
Dollar flat, pound steady ahead of BOE
Forex May 11, 2017 07:03 GMT Investing.com - The dollar was flat Thursday as the market assessed the fallout from Trump’s sacking of FBI Director James Comey. The dollar index was off 0.03% at 99.47 at 02:45 ET. There are concerns Comey’s abrupt dismissal could prove a distraction for the Trump administration’s economic agenda. The dollar remains supported by expectations of further U.S. tightening this year. Investing.com’s Fed Rate Monitor Tool shows the chances of a June hike at over 80%. The Read the full story
Pound to euro exchange rate - Sterling climbs drastically for first time in months to THIS
Express
Express
THE EXCHANGE rate for the pound to euro has climbed drastically. The euro exchange rate is currently at a high of 1.19 - the best rate in months. The Post Office exchange rate is currently at 1 GBP to 1.546 EUR for sums over £500. The pound to euro exchange rate has climbed from 1.18 to 1.19, perhaps in part to Emmanuel Macron’s win in the French election. Read the full story
Kiwi, Canadian dollars sink on domestic woes
CDA News
CDA News
By Patrick Graham LONDON (Reuters) – The New Zealand dollar sank to an almost one-year low and its Canadian counterpart by roughly half a percent on Thursday as domestic concerns outweighed a bounce in oil prices for the commodity-focused currencies. The kiwi sank by as much as 1.5 percent after the Reserve Bank of New […] Read the full story
Pound dips after U.K. data disappoints, BoE aheadInvesting.com
Forex May 11, 2017 09:42 GMT Investing.com - Sterling dipped Thursday as U.K. data miss forecasts, BoE ahead. The pound was off 0.24% at $1.2910 at 05:00 ET after an intraday high of 1.2948. Construction, manufacturing and industrial production for March came in below forecasts. The trade deficit also widened more than expected. The BoE is expected to leave monetary policy on hold at its MPC meeting. Read the full story
The kiwi plunges as the Reserve Bank of New Zealand cuts its inflation outlook
Business Insider
Business Insider
Investing.com The New Zealand dollar fell Thursday following the central bank's latest monetary policy decision. The kiwi is down by 0.7% at 0.6845 dollar as of 8:10 a.m. ET after falling by as much as 1.3%. It is at the lowest level since June 2016. The Reserve Bank of New Zealand held its key rate at 1.75%, as most analysts were expecting, and lowered its inflation forecast. "We are maintaining our view that the RBNZ will keep its benchmark policy rate unchanged for the rest of 2017 as the Read the full story
NZ dollar gains ahead of RBNZ statement
Scoop
Scoop
May 11 (BusinessDesk) - The New Zealand dollar rose ahead of the Reserve Bank's monetary policy statement, which is expected to see the official cash rate kept at 1.75 percent but with an interest rate hike signalled sooner than in its last MPS three months ... Read the full story
Rupee strengthens against US dollar in early trade
Livemint
Livemint
Mumbai: The Indian rupee on Thursday strengthened against the US dollar taking cues from local equity markets as it gains for the fourth consecutive day. Read the full story
USA
US Mercantilism Is Not Good For The Trade Deficit
ValueWalk
ValueWalk
Mercantilism is a relatively out of date economic theory which was popular in the 16th to 18th centuries. Mercantilism is a form of economic nationalism, and theorists believed that the amount of wealth in the world is static and trade is a zero-sum game, where one country’s gain is another country’s loss. Mercantilists also believed... Read the full story
Mnuchin to brief G7 on Trump tax, regulatory plans: official
Reuters
Reuters
Finance officials from the Group of Seven industrial economies this week will discuss U.S. President Donald Trump's tax and regulatory reforms, efforts to combat terrorist financing and a brightening economic picture, a senior U.S. Treasury official said on Wednesday. Read the full story
These 3 firms own corporate America
Business Insider UK
A fundamental change is underway in stock market investing, and the spin-off effects are poised to dramatically impact corporate America. In the past, individuals and large institutions mostly invested in actively managed mutual funds, such as Fidelity, in which fund managers pick stocks with the aim of beating the market. But since the financial crisis of 2008, investors have shifted to index funds, which replicate established stock indices, such as the S&P 500. The magnitude of the change is Read the full story
These 3 firms own corporate America
Business Insider UK
Business Insider UK
A fundamental change is underway in stock market investing, and the spin-off effects are poised to dramatically impact corporate America. In the past, individuals and large institutions mostly invested in actively managed mutual funds, such as Fidelity, in which fund managers pick stocks with the aim of beating the market. But since the financial crisis of 2008, investors have shifted to index funds, which replicate established stock indices, such as the S&P 500. The magnitude of the change is Read the full story
EMERGING MARKETS
Brazil's Scars Linger Even With Inflation Healing Nicely
Bloomberg
Bloomberg
Long gone are the hyperinflation days in Brazil when supermarket workers patrolled the aisles with labeling guns, marking up prices more than once a day. But Brazilians can’t seem to forget. It’s sort of a collective trauma, and there has been only one — brief — occasion over the past 20 years when more people expected inflation to slow than to accelerate. That may help explain why after the most recent inflation spike, brought on by unwinding of government controls and by food price shocks, Read the full story
Are EM bond investors picking up pennies in front of a steamroller?
ValueWalk
ValueWalk
What in God's name is happening? It’s not a high. It’s a record high. Sweet mother of Mary… Dollar Bull Market As we can see from the above chart courtesy of the FT, emerging markets sold a record amount of government debt in the first quarter of this year. More from the FT here: “Data from Dealogic,... Read the full story
DoubleLine's Gundlach: European, EM equities more attractive than U.S.
Reuters
Reuters
European and emerging markets equities are more attractive than U.S. equities, and volatility in stock markets is "insanely low," influential investor and head of DoubleLine Capital Jeffrey Gundlach told Reuters on Wednesday. Read the full story
Why the emerging markets rally may just be emerging
CNBC
CNBC
Some market watchers see further room to run for emerging market equities should the U.S. dollar weaken further. Read the full story
The CEO of a $385 billion investor talks Trump, emerging markets, and problems in active management
Business Insider
Business Insider
pressandjournal Martin Gilbert is the cofounder and CEO of Aberdeen Asset Management, a $385 billion UK-based money manager. The fund giant specializes in equities, fixed income, alternatives and property. It has announced a merger with UK peer Standard Life, in a deal that would create a group with a combined £581 billion ($750 billion) in assets under management. Gilbert is due to be co-CEO of the combined group. Business Insider sat down with Gilbert on Monday May 8, and talked about what's Read the full story
MIDDLE EAST
Egypt says it's found burial chamber dating back 3,700 years
Daily Mail
Daily Mail
Officials say the chamber was likely that of the daughter of 13th Dynasty King Emnikamaw, whose pyramid is located about 600 meters away. It was found in Dahshur, south of Cairo. Read the full story
Kuwait ready to resume visa waiver talks with the EU: diplomat
RiyadhVision
RiyadhVision
Arab tourists enjoy some snow on top of Kitzsteinhorn mountain near Zell am See, Austria, August 30, 2016. Picture taken August 30, 2016. :: A Kuwaiti diplomat said his country is ready to resume negotiations with the European Commission on exempting Kuwaitis from the Schengen visa, the official Kuwait News Agency (KUNA) reported on Wednesday. Assistant Foreign Minister for Europe Affairs Ambassador Waleed Al-Khubaizi made the statement after meeting with Nicholas Westcott, Managing Director for Read the full story
Oil prices rise on falling US crude stocks, Saudi supply cut to Asia
Jerusalem Post
Jerusalem Post
SINGAPORE - Oil prices rose on Thursday, and Brent was firmly back over $50 per barrel, as a fall in US crude inventories and a more severe than expected cut in Saudi supplies to Asia tightened the market. Brent crude futures, the international benchmark for oil prices, were at $50.33 per barrel at 0039 GMT on Thursday, up 11 cents, or 0.2 percent, from their last close. US West Texas Intermediate (WTI) crude oil futures were trading at $47.46 per barrel, up 13 cents, or 0.3 percent from the Read the full story
OPEC oil output falls in April, but production from top exporter Saudi Arabia rises
CNBC
CNBC
Oil prices pared gains after monthly data showed Saudi Arabia pumped more oil in April, though OPEC output fell. Read the full story
Emirates blames terrorism, US travel ban and low oil prices as profit plunge 82%
International Business Times, UK Edition
International Business Times, UK Edition
Gulf carrier records first decline in profits in five years as load factor weakens. Read the full story
AFRICA
Rwanda: Chinese Firm Helps Kigali Build Vision City to Tackle Housing Challenges
AllAfrica
AllAfrica
(Photo: Lyu Tianran/ Xinhua) Located on one of the hills at "The Land of a Thousand hills," the Vision City project is part of the Rwandan government's efforts to solve housing challenges in the capital city Kigali. The first phase of the project, the biggest housing project in Rwanda, is consisted of 504 units of villas and apartments. According to the plan, after all the four phases are completed, the project will have the capacity to accommodate over 22,000 people. "Every time I came here to Read the full story
Tanzania Invites South African Investors As Zuma, Magufuli Meet
AllAfrica
AllAfrica
Tanzania Invites South African Investors As Zuma, Magufuli Meet President Jacob Zuma has visited Dar es Salaam in a bid to cement historic ties that date back to the founding fathers of Tanzania's Mwalimu Julius Nyerere and Nelson Mandela of South Africa. Tanzania: Dar es Salaam, Pretoria to Gear Up Ties As Zuma Jets in Tanzania: Tanzania Opens Its Arms to South African Investors Tanzania: Trade, Investment to Dominate South African President's Visit South Africa: President Zuma to Visit Read the full story
Ivory Coast to host next African-European Union summit
Social News XYZ
Social News XYZ
Abidjan, May 11 (IANS/MAP) The European Union Ambassador to C?te d'Ivoire (Ivory Coast), Jean Fran?ois Valette, announced that the next summit between Africa and the EU will take place in the country's economic capital Abidjan at the end of November. Valette made the announcement on the occasion of the 60th anniversary of the Treaty of... Read the full story
Zimbabwe: China Not Colonising Africa - Envoy
AllAfrica
Chinese Ambassador to Zimbabwe Mr Huang Ping has rubbished assertions that China wants to colonise Africa. Speaking on the sidelines of a public lecture at the University of Zimbabwe, Mr Huang said China was committed to the principles of sincerity and goodwill. The lecture was titled: "China's Development and China's Relations with Africa and Zimbabwe" and was attended by mostly students from the Confucius Institute at the University of Zimbabwe. "China did not come to colonise anyone, we Read the full story
ASIA
China says has 'positive' talks with Vietnam on South China Sea
Reuters
The leaders of China and Vietnam had "positive" talks about the disputed South China Sea on Thursday with neither side criticizing the other, a senior Chinese diplomat said. Read the full story
Indonesia wants better economic ties with the US, industry minister says
CNBC
The U.S. hasn't been a top three investor in Indonesia for the past few years. Read the full story
Oil gains lift most Asian markets, but China sags on liquidity worries
MarketWatch
Asian markets were largely higher Thursday, boosted by a bounce for oil prices, but liquidity concerns continued to vex China markets. The Kospi was headed for a record. Read the full story
Recovery Tipped For China Stock Market
RTTNews
The China stock market turned lower again on Wednesday, one session after it had ended the five-day slide in which it had surrendered almost 80 points or 2.6 percent. The Shanghai Composite Index now rests just above the 3,050-point plateau although it may find traction on Thursday. Read the full story
China's tech money heads for Israel as U.S. welcome wanes
Reuters
Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Read the full story
Zimbabwe: China Not Colonising Africa - Envoy
AllAfrica
AllAfrica
Chinese Ambassador to Zimbabwe Mr Huang Ping has rubbished assertions that China wants to colonise Africa. Speaking on the sidelines of a public lecture at the University of Zimbabwe, Mr Huang said China was committed to the principles of sincerity and goodwill. The lecture was titled: "China's Development and China's Relations with Africa and Zimbabwe" and was attended by mostly students from the Confucius Institute at the University of Zimbabwe. "China did not come to colonise anyone, we Read the full story
ASIA
China says has 'positive' talks with Vietnam on South China Sea
Reuters
Reuters
The leaders of China and Vietnam had "positive" talks about the disputed South China Sea on Thursday with neither side criticizing the other, a senior Chinese diplomat said. Read the full story
Indonesia wants better economic ties with the US, industry minister says
CNBC
The U.S. hasn't been a top three investor in Indonesia for the past few years. Read the full story
Oil gains lift most Asian markets, but China sags on liquidity worries
MarketWatch
Asian markets were largely higher Thursday, boosted by a bounce for oil prices, but liquidity concerns continued to vex China markets. The Kospi was headed for a record. Read the full story
Recovery Tipped For China Stock Market
RTTNews
The China stock market turned lower again on Wednesday, one session after it had ended the five-day slide in which it had surrendered almost 80 points or 2.6 percent. The Shanghai Composite Index now rests just above the 3,050-point plateau although it may find traction on Thursday. Read the full story
China's tech money heads for Israel as U.S. welcome wanes
Reuters
Reuters
Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Read the full story
EUROPE
EUROPE
Elusive Inflation Amid Faster Growth Makes ECB Task More Complex
Bloomberg
For all the brightening economic prospects in the euro area, inflation remains elusive. With political risks receding following France’s election of a centrist president, a firming and broadening recovery in the 19-nation currency bloc is adding pressure on the European Central Bank to outline an exit from years of extraordinary monetary stimulus. Mario Draghi and other policy makers have responded that -- so far -- strengthening momentum has shown little sign of translating into faster Read the full story
Macron in a spin as MPs try to force him to REBEL against Brussels and Germany
Express
FRANCE’S President-elect Emmanuel Macron is already facing a backlash over his pro-European Union stance from En Marche supporters, and he has not even been officially sworn in yet. The pro-EU centrist is France’s youngest President at just 39-years-old and swept to power from being virtually unknown after a convincing victory over his far-right challenger Marine Le Pen. Read the full story
Euro firm as EC raises euro-zone 2017 growth forecastInvesting.com
Forex May 11, 2017 10:14 GMT Investing.com - The euro was firm Thursday after the EC slightly raised its euro-zone 2017 growth forecast. The single currency was up 0.06% at $1.0873 at 06.00 ET. The dollar index off 0.02% at 99.48. In its spring economic outlook, the EC raised euro area GDP growth forecast to 1.7% from 1.6%. The forecast for 2018 growth was 1.8%, unchanged from its winter economic outlook. Consumer inflation is expected to rise to 1.6% this year from 0.2% in 2016. Inflation is Read the full story
Time is running out to halt a Brexit exodus from London
Business Insider UK
REUTERS/Neil Hall LONDON – Time is running out for the government to prolong London's status as a global financial hub. While talks over the terms of the UK's exit from the European Union will last until 2019, banks are working to an earlier deadline: autumn. Financial firms may be forced to step up Brexit contingency plans this year unless they are reassured that the UK will push for a transition deal, which would maintain the UK's financial passport for a few years after 2019. See the rest of Read the full story
Elusive Inflation Amid Faster Growth Makes ECB Task More Complex
Bloomberg
Bloomberg
For all the brightening economic prospects in the euro area, inflation remains elusive. With political risks receding following France’s election of a centrist president, a firming and broadening recovery in the 19-nation currency bloc is adding pressure on the European Central Bank to outline an exit from years of extraordinary monetary stimulus. Mario Draghi and other policy makers have responded that -- so far -- strengthening momentum has shown little sign of translating into faster Read the full story
Macron in a spin as MPs try to force him to REBEL against Brussels and Germany
Express
Express
FRANCE’S President-elect Emmanuel Macron is already facing a backlash over his pro-European Union stance from En Marche supporters, and he has not even been officially sworn in yet. The pro-EU centrist is France’s youngest President at just 39-years-old and swept to power from being virtually unknown after a convincing victory over his far-right challenger Marine Le Pen. Read the full story
Euro firm as EC raises euro-zone 2017 growth forecastInvesting.com
Forex May 11, 2017 10:14 GMT Investing.com - The euro was firm Thursday after the EC slightly raised its euro-zone 2017 growth forecast. The single currency was up 0.06% at $1.0873 at 06.00 ET. The dollar index off 0.02% at 99.48. In its spring economic outlook, the EC raised euro area GDP growth forecast to 1.7% from 1.6%. The forecast for 2018 growth was 1.8%, unchanged from its winter economic outlook. Consumer inflation is expected to rise to 1.6% this year from 0.2% in 2016. Inflation is Read the full story
Time is running out to halt a Brexit exodus from London
Business Insider UK
Business Insider UK
REUTERS/Neil Hall LONDON – Time is running out for the government to prolong London's status as a global financial hub. While talks over the terms of the UK's exit from the European Union will last until 2019, banks are working to an earlier deadline: autumn. Financial firms may be forced to step up Brexit contingency plans this year unless they are reassured that the UK will push for a transition deal, which would maintain the UK's financial passport for a few years after 2019. See the rest of Read the full story
Blessed and Highly Favored:
There are no updates on the CBI or ISX websites for Friday, May 12, 2017 due to Iraq's holy day.
UN Operational Rates Update:
The UN Operational Rates were published on Thursday, May 11, 2017 and will become effective on Monday, May 15, 2017. Also, there is a 48 hour window on either side of May 15, 2017 for the numbers to be revised and still be official for May 15, 2017 (IMO....Thursday, May 17, 2017)
TNT Conference Call Update:
CONFERENCE CALL FOR FRIDAY, May 12, 2017
Friday's conference call has been postponed until later in the evening, if warranted. Enjoy your weekend! #wearethepeople
Blogs:
Delta [ I...have to ask you about a meeting in Lebanon, the Iraqi Stock Exchange is raising its head out of the water...]
...the Iraqi Stock Exchange...they were supposed to go international in the NASDAQ...and in the last quarter of 2016 they were supposed to go international...but that didn’t work out for 2016, so they came out and said we are going to shoot for early 2017...but that didn’t work out because they are waiting on the rate...for Iraqi Stock Exchange to go international their currency has to be recognizable...Article VIII...and they have to come up with a true rate...so they have been in Lebanon for two days in conferences...we know they have the platform, software...again this is another confirmation they are waiting on one thing...which is the Currency Reform... ...from the WB, to the IMF, to LAUNCHING this or that, e-dinar, the CBI and whatever they are doing right now...nothing is going to work without the rate... Iraq is at a program rate...they have to have their purchasing power back...they have to have their wealth back...so all of this needs the rate...needs the Currency Reform...and that is why it is so significant now seeing everyone going towards that.
Frank26 Let me now go in the direction of...an article from an economist...this economist...is actually an advisor and goes to many of the seminars and meetings...and he knows the CBI plan...so his opinion about what they are doing with their Exchange Rate...how they need to INSTALL it as the article says...is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects...which is to lift the Exchange Rate...This article itself is also pointing to the investors of Iraq...we are lifting the restrictions on the Exchange Rate...we are liberating the Exchange Rate from a Program Rate...because Mosul is not an issue anymore...and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate...so the investors can come in and rebuild through the infrastructure of Iraq...all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track...
Daz [We thought it was the US or Iraq holding it up, turns out the WB had to approve their readiness.]
...big difference between a "hold up" and a required "alignment of interests" WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
"Tiers have Exchanged" - Intel from TNT BJ
Hi all. I just talked to my daughter on the west coast. She has a 40 yr old violin student who just told her about this RV being real. (she's a skeptic although we gave her some currency). He said that he expected to see her grinning big by now because people in tiers 1-3 have exchanged in the last 2 weeks. He thought tier 4 would be going by now. No, he didn't give rates.
"Bowser" - GCR/RV Intel SITREP - Friday - May 12, 2017
Received via email at 12:35 AM EDT for publication. ~ Dinar Chronicles
The new financial block chain algorithm is now tested, records transferred and all system tiers deemed whole and reconciled.
This means T4 sequencing has begun and ready for full public retail engagement.
Which means the Internet Currency Community release is forthcoming after markets close anytime on Friday, May 12.
It took 20 years to actually complete the RV starting back on September 10, 1996... and why some people have been waiting since the mid to late eighties.
No more sign offs or authorizations are needed. The global release is now set and everyone who must know the hard day and time already does, and is right now making the necessary final preparations for their country's blessing.
The very real threat of a world war instigating incident has been reduced to acceptable levels and/or eliminated.
Every nation is now on board with GESARA compliance terms per the UN, including Israel and Ukraine, the last two Zionist hold outs. They were hard core cats and extremely difficult to break, but break they did.
Annihilation makes cowards of us all.
The new financial system took twelve years to build and eighteen months to implement block by block, transfer segment by segment, and rehydrate account by account.
Hard to explain the miracles happening all around us in secrete. But they're happening. Truly historic stuff for the less than ten thousand Dinarland loyalists paying constant attention (down from five million).
All markets globally have been safely running with constant oversight control mechanisms that mathematically prevent fraud on this new cloud computing system, connected by a half dozen quantum satellites with an earth based HDQ somewhere in the mountains of China.
Also, these half dozen regional satellites create perpetual redundancy. And there's another half dozen back up satellites waiting to be launched should there be a problem or attack.
Take that cabal.
To understand the scope of changes we're now experiencing--there's not a code, account or wiring coordinate that has not been replaced and transferred onto the new quantum computing algorithm.
Meaning, every bank and account globally has traveled onto the new financial system.
No more hidden offshore accounts. No more tax evasion hideaways. No more funneling money to non-reporting corrupt banking domiciles or governments.
Every transaction is visible and known, and must pass through the same block chain algorithm in order to realize funding, from anywhere in the world to anywhere in the world.
Oh, and here is an interesting fact: The old financial system's digital history no longer physically exists anymore, even at the most basic back-of-the-bank digital level.
All past records of the old system have been both transferred and then destroyed. As if they never existed.
In context, this means the entire play WW2/Breton Woods financial architecture has been exterminated from the face of the earth.
Poof. Gone. Next!
Chew on that cabal.
Meaning the BIS, FED, ECB, IMF, WB and ADB exist in courtesy name only as not to scare the public and have been subtly replaced in significance by the AIIB.
So yes, our money is both safe and sound because there really is a new sheriff in town--who can zero out a non-complying individual, company, bank, military and country in literally the blink of an eye.
Wowser, Bowser! (Think Sha-Na-Na).
So victory has been achieved, and why even and NWO die hard such as Israel & Ukraine (lion) finally decided to lay down with the lamb (humanity).
All must surrender to God in order to move forward in this new era of light and love. No exceptions or exemptions. Sobeit.
God is with us.
"The Big Crunch" - ZAP Update - The Office of POOFness - 5.11.17
HI ALL,
WE GOT SHAFTED FOR THE LAST TIME. THE BANK DID NOT COMPLETE THE TRANSFERS AS THEY WERE SUPPOSED TO, AND THAT WAS THE LAST STRAW. THE GLOBAL BIG GUNS WERE CALLED IN. WITHIN AN HOUR THE BANK RESPONDED. THE LAWYERS ALSO CONFIRMED THAT ON LATEST MONDAY, THE FUNDS TRANSFERS WILL COMPLETE TO THE PAYMASTER. ALL WELL AND GOOD, BUT PERHAPS THEY SHOULD HAVE DONE THAT A WEEK AGO?
THIS HAS PLACED ALL OF US IN CRITICAL SPOTS ON THE OUTSIDE LOOKING IN AS THE FUNDS WERE TO BE IN OUR ACCOUNTS TODAY AND LATEST TOMORROW JUST IN TIME TO SAVE THESE SITUATIONS. WE PRAYED THAT WE WOULD SEE RELIEF AND IT WAS SNATCHED AWAY BY THE BANKSTERS – FOR THE MOMENT.
I AM IN FRONT OF YOU BUT I AM NOT STANDING VERY STRAIGHT. I AM HUNCHED OVER WITH SOME WEIGHT AND I AM MAKING SOME HARD DECISIONS ON WHAT TO DO, WHERE TO LIVE, AND HOW TO HELP. I AGONIZED OVER THIS MESSAGE, BUT HERE IT IS AND IT WILL BE THE LAST TIME. I WILL NEVER HAVE TO DO THIS AGAIN BECAUSE OF WHAT HAPPENED TODAY AT THE BANK, BUT RIGHT NOW I AM BESIDE MYSELF AND TRYING TO FIGURE OUT HOW TO KEEP THINGS ON AN EVEN KEEL. I AM VERY TIRED OF THE GAMES THESE GUYS PLAY THAT KILL PEOPLE.
WE HAVE A MASSIVE UNDERTAKING TO KEEP STABILITY FOR THE TEAM AND FOR SOME KIDS. THE REQUIREMENT IS LARGE TO MAKE IT ALL WORK AND HAVE EVERYBODY FED, UNDER A ROOF AND KEPT ALIVE, AND ESPECIALLY SIX KIDS THAT WILL BE ON THE STREET TOMORROW EVENING WHEN THE NICE SHERRIFF COMES KNOCKING TO ENFORCE THE EVICTION. ALL THE BURDENS THAT WERE TO BE SOLVED TODAY AND TOMORROW WILL ONLY BE TAKEN CARE OF ON MONDAY/TUESDAY NEXT, BUT WITHOUT THE RESOURCES RIGHT NOW I AM GRAVELY CONCERNED THAT THERE IS NO WAY WE CAN DO THIS. IT IS NOT EASY DOING THIS WORK WITH NOTHING BUT THE GRACE OF OTHERS TO HELP MAKE IT SO.
I APOLOGIZE DEEPLY FOR COMING BACK HERE AS I DID NOT THINK IT WAS NECESSARY WITH THE IMPENDING COMPLETION OF THE TRANSFER. THE BANKSTERS HAVE ONCE AGAIN DID IT, AND WERE LAUGHING UNTIL THE BIG GUNS CALLED THEM AND SET THEM STRAIGHT ON THINGS AND WHAT TO EXPECT IF THEY DID NOT COMPLY. AT LEAST THAT MUCH.
BLESS YOUR HEARTS FOR ANYTHING THAT YOU DO HERE. THIS LAST PUSH WILL KEEP GOOD SOULS ALIVE AND SAFE, AND THAT’S ALL I ASK. GOD BLESS.
LOVE AND LIGHT
IN OUR SERVICE
ZAP
Kauaihn Chatter:
5-12-2017 Newshound Guru BGG Article: "Iraq offers compensation settlement and Kuwaiti debt against investment" Quote: "...the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.". two separate items talked about - how to pay back Kuwait (not to be confused with) - their eagerness to settle investments inside Iraq? One of the big problems needing dealt with - is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don't - this is referring to OUTSIDE investors. Period. Really good news - entering final talks - it appears.
5-11-2017 Newshound Guru Kaperoni Article: "ATMs for MasterCard card users" ...it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.
5-11-2017 Newshound Guru Adam Montana [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don't actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal... except the IQD will be dramatically different than it was a month prior.
5-11-2017 Newshound Guru Kaperoni ...Iraq is doing what is asked of them by the IMF and WB (though 3-6 months late) to prepare the banking system for international integration with the financial system. Iraq needed to make these changes, along with several others (including reducing the spread) to set the stage for acceptance into IMF Article VIII. Remember the goal here as stated in the SBA is to accept Article VIII to "create a favorable business climate" for investment. Accepting Article VIII will give freedom of movement of capital in and out of Iraq (so investors can get profits out), make the dinar convertible worldwide through the banking system, and most importantly allow the CBI to stop the daily auctions and let the market and world set the value for the dinar (they will stop the peg). This is all about creating the conditions for a market economy.
5-11-2017 Newshound Guru Adam Montana [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don't actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal... except the IQD will be dramatically different than it was a month prior.
5-11-2017 Newshound Guru Kaperoni ...Iraq is doing what is asked of them by the IMF and WB (though 3-6 months late) to prepare the banking system for international integration with the financial system. Iraq needed to make these changes, along with several others (including reducing the spread) to set the stage for acceptance into IMF Article VIII. Remember the goal here as stated in the SBA is to accept Article VIII to "create a favorable business climate" for investment. Accepting Article VIII will give freedom of movement of capital in and out of Iraq (so investors can get profits out), make the dinar convertible worldwide through the banking system, and most importantly allow the CBI to stop the daily auctions and let the market and world set the value for the dinar (they will stop the peg). This is all about creating the conditions for a market economy.
5-11-2017 Intel Guru Daz [We thought it was the US or Iraq holding it up, turns out the WB had to approve their readiness.] ...big difference between a "hold up" and a required "alignment of interests" WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET... THEY WILL JUST AS SIMPLY... "TURN THE MONEY BACK ON".
5-11-2017 Newshound Guru Adam Montana [In 17 days we will see the start of Ramadan...May 26th...this will run until June 24th and then generally they have the 3 day feast. In the past you have mentioned that nothing much happens during Ramadan. What are your thoughts on this for 2017?] Same. Let's see how the next week plays out.
5-11-2017 Intel Guru Frank26 Let me now go in the direction of...an article from an economist...this economist...is actually an advisor and goes to many of the seminars and meetings...and he knows the CBI plan...so his opinion about what they are doing with their Exchange Rate...how they need to INSTALL it as the article says...is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects...which is to lift the Exchange Rate...This article itself is also pointing to the investors of Iraq...we are lifting the restrictions on the Exchange Rate...we are liberating the Exchange Rate from a Program Rate...because Mosul is not an issue anymore...and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate...so the investors can come in and rebuild through the infrastructure of Iraq...all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track...
5-11-2017 Intel Guru Delta [ I...have to ask you about a meeting in Lebanon, the Iraqi Stock Exchange is raising its head out of the water...] ...the Iraqi Stock Exchange...they were supposed to go international in the NASDAQ...and in the last quarter of 2016 they were supposed to go international...but that didn’t work out for 2016, so they came out and said we are going to shoot for early 2017...but that didn’t work out because they are waiting on the rate...for Iraqi Stock Exchange to go international their currency has to be recognizable...Article VIII...and they have to come up with a true rate...so they have been in Lebanon for two days in conferences...we know they have the platform, software...again this is another confirmation they are waiting on one thing...which is the Currency Reform... ...from the WB, to the IMF, to LAUNCHING this or that, e-dinar, the CBI and whatever they are doing right now...nothing is going to work without the rate... Iraq is at a program rate...they have to have their purchasing power back...they have to have their wealth back...so all of this needs the rate...needs the Currency Reform...and that is why it is so significant now seeing everyone going towards that.
5-11-2017 Newshound/Intel Guru Mnt Goat "Economists then wonder the government's insistence on the use of "penny" cash as a unit" ...they are not saying the fils or lower denominations are out in circulation. They are talking about the proposed future currency...the new lower denominations. It is obvious they are NOT in favor of the penny since they have not had the penny for over 30 years [since the 1980’s] and the newer generation does not know anything about it or how to use it. So the CBI must be training the citizens on what to expect shortly. Why is this so good for us and the RV? Because they are talking about it, Mosul liberation is very close and so what do you think they are planning to do next?
5-11-2017 Newshound Guru Adam Montana [In 17 days we will see the start of Ramadan...May 26th...this will run until June 24th and then generally they have the 3 day feast. In the past you have mentioned that nothing much happens during Ramadan. What are your thoughts on this for 2017?] Same. Let's see how the next week plays out.
5-11-2017 Intel Guru Frank26 Let me now go in the direction of...an article from an economist...this economist...is actually an advisor and goes to many of the seminars and meetings...and he knows the CBI plan...so his opinion about what they are doing with their Exchange Rate...how they need to INSTALL it as the article says...is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects...which is to lift the Exchange Rate...This article itself is also pointing to the investors of Iraq...we are lifting the restrictions on the Exchange Rate...we are liberating the Exchange Rate from a Program Rate...because Mosul is not an issue anymore...and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate...so the investors can come in and rebuild through the infrastructure of Iraq...all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track...
5-11-2017 Intel Guru Delta [ I...have to ask you about a meeting in Lebanon, the Iraqi Stock Exchange is raising its head out of the water...] ...the Iraqi Stock Exchange...they were supposed to go international in the NASDAQ...and in the last quarter of 2016 they were supposed to go international...but that didn’t work out for 2016, so they came out and said we are going to shoot for early 2017...but that didn’t work out because they are waiting on the rate...for Iraqi Stock Exchange to go international their currency has to be recognizable...Article VIII...and they have to come up with a true rate...so they have been in Lebanon for two days in conferences...we know they have the platform, software...again this is another confirmation they are waiting on one thing...which is the Currency Reform... ...from the WB, to the IMF, to LAUNCHING this or that, e-dinar, the CBI and whatever they are doing right now...nothing is going to work without the rate... Iraq is at a program rate...they have to have their purchasing power back...they have to have their wealth back...so all of this needs the rate...needs the Currency Reform...and that is why it is so significant now seeing everyone going towards that.
5-11-2017 Newshound/Intel Guru Mnt Goat "Economists then wonder the government's insistence on the use of "penny" cash as a unit" ...they are not saying the fils or lower denominations are out in circulation. They are talking about the proposed future currency...the new lower denominations. It is obvious they are NOT in favor of the penny since they have not had the penny for over 30 years [since the 1980’s] and the newer generation does not know anything about it or how to use it. So the CBI must be training the citizens on what to expect shortly. Why is this so good for us and the RV? Because they are talking about it, Mosul liberation is very close and so what do you think they are planning to do next?
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. Haidar Al-Abadi receives the Commander of the US Central Central Command
Prime Minister Dr. Haider al-Abadi received in his office Thursday the commander of Central American Central Command General Joseph Fotel and his accompanying delegation.
During the meeting, they discussed the conduct of the liberation of Mosul and the victories achieved and the arming and training of our armed forces in addition to the situation in the region.
General Fotel renewed his country's support for Iraq in the fight against terrorism, praising the progress and development of Iraqi forces and the achievement of victories over gangs,
Prime Minister's Media Office
May 11, 2017
During the meeting, they discussed the conduct of the liberation of Mosul and the victories achieved and the arming and training of our armed forces in addition to the situation in the region.
General Fotel renewed his country's support for Iraq in the fight against terrorism, praising the progress and development of Iraqi forces and the achievement of victories over gangs,
Prime Minister's Media Office
May 11, 2017
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider Abadi receives a delegation from the US Congress
Prime Minister Dr. Haider Al-Abbadi received in his office Thursday a delegation from the US Congress led by Congressman Martha Robbie.
During the meeting, he praised the victories achieved by the Iraqi forces on gangs and called for terrorism and the strengthening of bilateral cooperation between Iraq and the United States of America and the importance of supporting Iraqi women and their great role in Iraqi society and state building.
During the meeting, he praised the victories achieved by the Iraqi forces on gangs and called for terrorism and the strengthening of bilateral cooperation between Iraq and the United States of America and the importance of supporting Iraqi women and their great role in Iraqi society and state building.
Prime Minister's Media Office
May 11, 2017
May 11, 2017
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ARTICLE 1-C (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Commander-in-Chief Armed Forces Dr. Haider Al-Abadi heads a meeting of the National Intelligence Cell
The Prime Minister and Commander in Chief of the Armed Forces, Dr. Haider Al-Abadi, held a meeting of the National Intelligence Cell.
The meeting discussed the intelligence effort in the face of terrorist operations against civilians, kidnappings, organized crime and measures to deter and eliminate them and reveal the blaming parties.
The meeting discussed the intelligence effort in the face of terrorist operations against civilians, kidnappings, organized crime and measures to deter and eliminate them and reveal the blaming parties.
The meeting stressed the increased intelligence effort to uncover these crimes and those behind them, and the distribution of intelligence resources between the war on terror and organized crime because of the interconnection between them, and the mapping of an integrated intelligence work to eliminate the hotbeds of crime that are treated as terrorism.
A number of decisions and directives have been taken to expose these crimes and provide protection to citizens
Prime Minister's Media Office
May 11, 2017
May 11, 2017
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ARTICLE 2
Condoleezza Rice: Our invasion of Iraq is not to bring democracy to him
2017/5/12 9:48
[Where - Continue]
Condoleezza Rice, US national security adviser under President George W. Bush, acknowledged Thursday night the real reason for the US decision to invade Iraq in 2003.
Condoleezza Rice, US national security adviser under President George W. Bush, acknowledged Thursday night the real reason for the US decision to invade Iraq in 2003.
Rice said in an interview at the Brookings Institution that America invaded Iraq in 2003 to topple Saddam Hussein, "not to bring democracy to the central Middle East."
In her remarks, Rice said the United States had taken the decision to invade Iraq with its allies in 2003, knowing that it would not bring democracy to that country, but in fact sought to overthrow Saddam.
The former US Secretary of State: "We went to Iraq because of a purely security problem, related to the existence of Saddam in power, but we did not go to bring democracy."
"It was never in President Bush's plans to use military force to bring democracy, not in Iraq in 2003, nor in Afghanistan in 2001," she said.
In her remarks, Rice said the United States had taken the decision to invade Iraq with its allies in 2003, knowing that it would not bring democracy to that country, but in fact sought to overthrow Saddam.
The former US Secretary of State: "We went to Iraq because of a purely security problem, related to the existence of Saddam in power, but we did not go to bring democracy."
"It was never in President Bush's plans to use military force to bring democracy, not in Iraq in 2003, nor in Afghanistan in 2001," she said.
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ARTICLE 3 (Mosul-related headlines, all dated May 12, 2017)
>>>The killing of six elements of Daash and the bombing of two wheels bombed in the village of "Um Shbait"
>>>A suicide car bomb was destroyed by an Iraqi air strike west of Tal Afar
>>>Besiege the village of "Boutha" and control the gates in preparation for the storming
>>>The liberation of the village of "Tal Hajim" north of Kairouan and Tkabid calls for large losses
>>>Coalition aircraft in coordination with the Directorate General of Intelligence targets the locations of Ayman Mosul
>>>Edit the village of "Abu Lahaf" west of Tal Afar
>>>The destruction of camps "in the desert" between Iraq and Jordan
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ARTICLE 4
US intelligence chief says he is losing more land in Iraq and Syria
WASHINGTON, May 12 (UPI) - The director of the US National Intelligence Agency, Daniel Coates, said that the terrorist organization "Da'ash" is losing more territory and territories in Iraq and Syria as anti-terrorism operations continue to weaken it. But Cotes said in testimony before the US Congressional Intelligence Committee that the organization would continue to pose a terrorist threat to the United States, "demonstrating its ability to manage and encourage attacks against various targets around the world." On Afghanistan, Coates predicted that the political and security situation in Afghanistan "will deteriorate in 2018 despite the increase in military assistance provided by the United States and its partners to Afghanistan." "This deterioration will have a negative effect on the economic situation, which is already very bad," he said."The Taliban will gain control of more land, especially in rural areas, at a time when the performance of Afghan security forces will deteriorate due to repeated Taliban operations, increased human casualties, poor logistical support, poor leadership and escape from service," he said. In the Syrian arena, he stressed that the regime of President Bashar al-Assad will "prevail and momentum in the battlefields if the Russian-Iranian support continues to him." Finished
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ARTICLE 5
Found mass graves containing the remains of taxi drivers in Baghdad
BAGHDAD, May 9 (KUNA) - The Supreme Judicial Council (SJC), Judge Abdul Sattar Birqdar, said on Tuesday that the Central Investigative Court, during its investigations, had managed to reach mass graves in Baghdad containing the remains of a number of victims who were killed after being subjected to operations. Kidnapping".
Berkdar said that "a group of defendants confirmed their belonging to the organization calling the terrorist, and admitted a large number of criminal operations and methods of multiple, one of the kidnapping and killing of taxi drivers," noting that "the defendants confessed to renting houses in the capital during 2012 and 2013 for the purpose of kidnapping drivers "The defendants said they sold the victims' cars at half the price to a collaborator outside the capital and that they used the price as part of the al-Qaeda terrorist sources at the time," he said.
The official spokesman of the Supreme Judicial Council, "The court invited the families of the missing in Baghdad during 2012 and 2013 of taxi owners whose fate is not yet known to review them so that the identification of the missing after the completion of the DNA test ."
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ARTICLE 6
Expect to restore the Mosul completely from the grip of a preacher before the month of Ramadan
BAGHDAD - Iraq's chief of staff, Othman al-Ghanmi, has expressed his hope that the city of Mosul will be fully restored from the grip of the Da'ash organization, ahead of the start of Ramadan, which is expected to be approved by May 26.
"The gains made by the Iraqi army in the north of the country confirm the siege of the organization's militants in a very small area," al-Ghanmi said during his inspection of the operations of Ninewa's Ninewa.
"The security forces are exerting a great and effective effort against Daqash and will end within a few days," he said. "I will say that the rest of Mosul will be liberated before the start of Ramadan."
Iraqi forces were able to restore the eastern side of Mosul in full in January, while operations were launched on the western side of the city the following month. Finished
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