For those who can't get on OM, and who don't have access to the forum. I will post here the articles I like for the day and some of my thoughts. Check back later
SPECIAL HOMEWORK ASSIGNMENT FOR MONDAY JUNE 5, 2017
For those who have ALREADY contacted your local bank to question if they exchange foreign currency or if they verify the foreign currency on location, I now need you to help me with another new database that I am assembling. Once again, on Monday morning after the banks open (and not a moment before that), inquire with your established contact to see if there has been ANY change in policy regarding the Iraqi dinar as a currency to be exchanged. Then email me your results ONLY if you have any positive new information from your bank inquiry. RayRen98@aol.com Hopefully, I can assemble this information before the TNT conference call on Monday afternoon. #wearethepeople
Statement by His Excellency, The President of the Republic of Zimbabwe, Comrade R.G. Mugabe at the 27th World Economic Forum on Africa, on the topic, "Eye on Fragile States", Durban, South Africa, May 4th, 2017
EXCELLENCIES, Heads of State and Government here present, distinguished panellists and delegates,
Ladies and Gentlemen.
I would like to extend my profound gratitude and appreciation to the Government and people of South Africa for the generous hospitality accorded to me and my delegation, since our arrival in this beautiful city of Durban.
My delegation would have wished to understand the rationale behind the categorisation of the so-called fragile states, which exercise I understand was done by some NGO, called Fund for Peace.
The NGO developed about 11 categories within which to place countries and nations.
Most African countries are thus classified as "either alert", "high alert", or "very high alert".
Zimbabwe is placed in the high alert category, together with other countries in situations of conflict.
What we find puzzling and objectionable is the philosophy behind such categorisation.
Before 2000, Zimbabwe would most probably have enjoyed a pride of place in the hierarchy of nations. But after we embarked on a radical land reform programme, we quite predictably, became a candidate for profiling.
My country was subsequently slapped with illegal sanctions under which it has laboured for well over a decade-and-a-half now.
We are strongly concerned about this application of unilateral economic sanctions as a foreign policy tool to achieve regime change.
Ladies and Gentlemen,
As we all know, the highest challenge for natural stability comes from the baneful legacies of racial inequalities.
In southern Africa, this takes the obvious form of skewed access to land, itself a principal basis for state fragility.
However, attempts to rectify this injustice, draw the anger of our erstwhile colonisers, who do not waste time in drawing up damning reclassifications, such as the so-called "junk status", as in the case of our host nation, South Africa.
In Zimbabwe, we now have the land, itself the basis of long-term stability.
Under our Command Agriculture Programme, our economy, historically agro-driven, is set for sustained recovery in spite of the debilitating sanctions and ravages of climate change which have made us vulnerable to droughts.
Your Excellencies, Distinguished Delegates,
Through its economic blueprint, Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) launched in 2013, Zimbabwe seeks to provide, simultaneously, an enabling investment climate, a growing economy, employment, social transformation, and empowered society.
Although we have scored some successes in some respects, for example in education, we remain hamstrung in others, such as in reducing unemployment.
We continue to push for the leveraging of our diverse and abundant resources through beneficiation and value-addition of our minerals.
We remain committed to upholding of the fundamental rights and freedoms as defined in our constitution, and as always derive our mandate to govern democratic elections.
Our governance structures are very stable, and security is very much assured.
Your Excellencies, Distinguished Delegates,
While it is claimed that the fragile states index is aimed at pointing to potential threats of conflict, we see this as a serious drawback to our efforts to build our economies.
First we have to explain away these characterisations before we can start showcasing the wonderful opportunities such as those that exist in my country.
Besides, this wholesale characterisation, does not seem to appreciate efforts deployed towards resolving conflicts.
Your Excellencies, Distinguished Delegates,
Let me assure you that Zimbabwe is a very secure country that is open to investment, at any level of the economy.
We have been putting in place a very vibrant and attractive environment for private sector investment which is hinged on infrastructure development, stabilising the financial sector, modernising labour laws, fighting corruption, and implementing economic zones to provide impetus for foreign direct investment.
In conclusion, let me emphasise that stability, peace and security in the global villages depend upon the availability of the necessary political will to create an environment that promotes that peace and security for all, and one that aims to eradicate poverty from the face of the earth.
03/06/2017 (Independent) ... accused member of the Legal Committee of the parliamentary high Naseef Central Bank out of the legal and professional contexts, indicating that the recent classifications of banks "a new game innovative" to add corruption in twisted ways.
"There are banks that have been established for months. Most of the money transfer companies borrowed money to raise their capital. The purpose is not to build banking institutions that serve the community and to do the credit department, but to benefit only from the sale window of the currency," Nasif said in a statement.
She explained that "the central bank is to bear this wrong policy away from the real banking objectives that serve the community by encouraging banks to provide facilities and activate the credit department in support of industrial and agricultural projects and small projects aimed at raising the level of the Iraqi economy."
"The central bank can not boast of the support of international organizations as part of the evaluation," Nassif said. "What if these international organizations are aware of the extent of corruption within their borders?"He said.
"The Central Bank should not forget that it is under the supervision and control of the House of Representatives, so we call on the Central Bank to put an end to these excesses and failures and rectify its course immediately, otherwise we will go after the legislative holiday constitutional contexts and according to the rules of procedure of the House of Representatives to hold accountable those responsible for this file inside the parliament, And that there are many endorsements in this regard by the deputies and chairs of specialized committees in the economic and financial. "(End)
National Alliance holds an "emergency" meeting to discuss the security of Baghdad
(Independent) ... The political body of the National Alliance held an "emergency" meeting headed by Ammar al-Hakim, head of the coalition and in the presence of the Prime Minister and Commander-in-Chief of the Armed Forces to discuss the security of the capital, which witnessed last week bloody attacks.
A coalition statement received by the Independent said Saturday that the two discussed the security of the capital Baghdad after the violations that occurred in the bombing of Karrada and Shawka and came out with several recommendations, including the security of Baghdad a red line away from political competition, and support the security services. The meeting discussed the handing over of partitions from Baghdad to one of the security services and its complete mobilization within regional security, attention to services and development in the Baghdad belt and the development of the capital's entrances to facilitate security monitoring and traffic. They called for providing the intelligence agencies with the necessary technical equipment and financial allocations, and to deal firmly with the security or military leaders who are deficient or negligent, with a focus on the national task of maintaining security. (End)
A member of the parliamentary legal committee Alia Nassif, on Saturday, accused the central bank of departing from the legal and professional contexts, indicating that the recent classifications of banks are "a new innovative game" to add corruption in twisted ways.
"There are banks that have been established for months. Most of the money transfer companies borrowed money to raise their capital. The purpose is not to build banking institutions that serve the community and to do the credit department, but to benefit only from the currency sale window," Nassif said in an interview with Sky Press.
She explained that "the central bank is to bear this wrong policy away from the real banking objectives that serve the community by encouraging banks to provide facilities and activate the credit department in support of industrial and agricultural projects and small projects aimed at raising the level of the Iraqi economy."
"The central bank can not boast of the support of international organizations in the framework of the evaluation, as it claims. What if these global organizations are aware of the extent of corruption within their borders?"
"The Central Bank should not forget that it is under the supervision and control of the House of Representatives, so we call on the Central Bank to put an end to these excesses and failures and rectify its course immediately, otherwise we will go after the legislative holiday constitutional contexts and according to the rules of procedure of the House of Representatives to hold accountable those responsible for this file inside the parliament, And that there are many support in this regard by the deputies and chairs of specialized committees in the economic and financial
"Ross Oil" is considered its agreements with the Kurdistan Region the most important
Russian oil giant Rossneft signed a package of agreements and memoranda of understanding (MoUs) to expand its activities and boost its position in the oil market as a key player.
According to the Russian company, one of the most important agreements signed, an agreement with the Kurdistan Region to explore and develop five fields, and in the areas of logistics, infrastructure development and energy resources trade.
The agreements signed are a continuation of memorandums of understanding signed between the two sides in February on the sidelines of the International Petroleum Week in London.
The Prime Minister of Kurdistan, Nezhirvan Barzani, said in a press statement after signing the agreement between the Ministry of Natural Resources and the Russian company, it is a long-term trade agreement, under which the Russian company to invest in the province of Kurdistan.Considering the agreement as a start and a new beginning in the field of energy in the Kurdistan region, and in the development of relations between Erbil and Moscow.
Rosneft has also signed an agreement with BP for strategic gas cooperation and a memorandum of understanding on sales and purchases of natural gas in Europe.
The Russian company also signed an agreement with China's petrochemical company ChemChina to develop a joint venture to build a polymer coating plant.As well as an agreement with General Electric to strengthen shipbuilding cooperation.
In addition to an agreement with Hyundai Heavy Industries Group, to enhance strategic cooperation
Nechirvan Barzani: We attach great hopes to the results of our visit to Russia
The meeting of Nechirvan Barzani with the Kurdish community in Russia
Rudau-Saint-Petersburg
Prime Minister of the Kurdistan Region, Nechirvan Barzani, said Saturday, June 3, 2017, that he places great hopes on his visit and the delegation of the Kurdistan Region of Russia, and his meeting with the Russian President and the Minister of Foreign Affairs, adding: "notes that there are good changes in their attitudes towards Kurdistan."
"Fifteen years ago, we could not have imagined that we would visit Russia and we would meet with senior officials from the foreign minister to the Russian president," he said during a meeting with the Kurdish community in Russia. "Our visit here and our meeting with the Russian president and foreign minister were born to us. Convinced that there are good changes in their policy (Russian officials) towards Kurdistan. "
He continued: "For us, Russia is an important country, and we look forward to strengthening relations in all areas, whether political or economic, hopes for this visit many," noting that "President Putin stressed that" we have historical relations with your people, Both politically and economically). "
"During the meeting, the Russian president spoke about continuing Russian support for Kurdistan in the war against Da'ash, which has been going on for two years (whether little or too much)," he said.
The Prime Minister of the Kurdistan Region, the importance of the visit to Russia, saying: "We believe that our visit represents the opening of a new page of relations between us in the political and economic areas and put high hopes on this visit."
It is noteworthy that Nechirvan Barzani arrived in Russia last Wednesday, 31-5-2017 at the head of a high-level delegation from the Kurdistan Region, to participate in the St. Petersburg Economic Forum, and held on the sidelines of the Forum meetings with the Russian President and the Russian Ministers of Foreign Affairs and Energy, Kurdistan series of important agreements with Russian company Rosneft.
Kauaihn Iraq Articles:
Joint Operations: Next page of the old Mosul and Nuri Mosque will be a different tactic and style (details)
03-06-2017 02:45 PM
Readers
Baghdad News -
The spokesman for joint operations Brigadier Yahya Rasool, on Saturday, close to the start of a new military page in the direction of Mosul, including the old mosque and Nuri al-Huda, indicating that the security forces will use a different method in the process expected.
Rasul said in a press statement that 'the federal police forces continue in the process of progress in the Zanjili district, which controls large parts of it,' noting that 'the army forces are also continuing in the incursion and progress in the Shifa and Republican Hospital and also control large parts of it.'
He added that the 'Nuri Mosque and the humpback are within the old Mosul area and are completely surrounded and are targeting elements of the terrorist organization,' revealing the 'near the launch of a new military page after the liberation of the neighborhoods of Shifa and Zanzili towards the storming and liberation of the old city of Mosul'.
"The next page will be a different tactic and style from the past, by relying on the pieces of the foot, because the area is old is not suitable for the advancement of wheels and military vehicles because the branches narrow and adjacent in addition to the demographic momentum in them.
Joint Operations: Next page of the old Mosul and Nuri Mosque will be a different tactic and style (details)
03-06-2017 02:45 PM
Readers
Baghdad News -
The spokesman for joint operations Brigadier Yahya Rasool, on Saturday, close to the start of a new military page in the direction of Mosul, including the old mosque and Nuri al-Huda, indicating that the security forces will use a different method in the process expected.
Rasul said in a press statement that 'the federal police forces continue in the process of progress in the Zanjili district, which controls large parts of it,' noting that 'the army forces are also continuing in the incursion and progress in the Shifa and Republican Hospital and also control large parts of it.'
He added that the 'Nuri Mosque and the humpback are within the old Mosul area and are completely surrounded and are targeting elements of the terrorist organization,' revealing the 'near the launch of a new military page after the liberation of the neighborhoods of Shifa and Zanzili towards the storming and liberation of the old city of Mosul'.
"The next page will be a different tactic and style from the past, by relying on the pieces of the foot, because the area is old is not suitable for the advancement of wheels and military vehicles because the branches narrow and adjacent in addition to the demographic momentum in them.
The spokesman for joint operations Brigadier Yahya Rasool, on Saturday, close to the start of a new military page in the direction of Mosul, including the old mosque and Nuri al-Huda, indicating that the security forces will use a different method in the process expected.
Rasul said in a press statement that 'the federal police forces continue in the process of progress in the Zanjili district, which controls large parts of it,' noting that 'the army forces are also continuing in the incursion and progress in the Shifa and Republican Hospital and also control large parts of it.'
He added that the 'Nuri Mosque and the humpback are within the old Mosul area and are completely surrounded and are targeting elements of the terrorist organization,' revealing the 'near the launch of a new military page after the liberation of the neighborhoods of Shifa and Zanzili towards the storming and liberation of the old city of Mosul'.
"The next page will be a different tactic and style from the past, by relying on the pieces of the foot, because the area is old is not suitable for the advancement of wheels and military vehicles because the branches narrow and adjacent in addition to the demographic momentum in them
Al-Bahadli of the Euphrates .. More than 6 billion dollars smuggled abroad and some countries deny their return to Iraq
The Parliamentary Integrity Committee revealed the existence of more than 6 billion dollars of Iraqi money smuggled abroad during the time of the former regime, stressing that there are many problems to recover.
Jumaa al-Bahadli, a member of the committee, said that there is a committee composed of the Integrity Commission, the Integrity Commission, the Foreign Ministry, the National Security and Intelligence, as well as the foreign and intelligence inspectors.
Al-Bahadli stressed that some countries deny real estate property to the Iraqi government because it is registered in the name of people. We have always addressed these countries. These people are employees of the intelligence service. The former regime used them as cover for its intelligence system in the countries of the world, pointing out the lack of coordination of our competent departments with those countries, Justice and the Department of Money and Foreign Recovery, expressing regret for the weakness of procedures and coordination with those countries.
The most prominent countries that froze the funds and real estate of Iraq are Lebanon, France, Turkey and Yemen
A member of the parliamentary legal committee, Alia Nassif, accused the central bank of departing from the legal and professional contexts, indicating that the recent classifications of the banks are "an innovative new game" to add corruption in twisted ways.
Nassif said in an interview with the twilight news that "there are banks established months ago were financial transfer companies mostly borrowed funds to raise capital, and the purpose is not to build banking institutions serve the community and do the credit department, but only benefit from the window selling the currency." She explained that "the central bank is to bear this wrong policy away from the real banking objectives that serve the community by encouraging banks to provide facilities and activate the credit department in support of industrial and agricultural projects and small projects aimed at raising the level of the Iraqi economy."
The central bank can not boast of the support of international organizations in the framework of the evaluation, as it claims. What if these global organizations are aware of the extent of corruption within their borders?"
The Central Bank should not forget that it is under the supervision and control of the House of Representatives, so we call on the Central Bank to put an end to these excesses and failures and rectify its course immediately, otherwise we will go after the legislative holiday constitutional contexts and according to the rules of procedure of the House of Representatives to hold accountable those responsible for this file inside the parliament, And that there are many support in this regard by the deputies and chairs of specialized committees in the economic and financial.
Washington will impose sanctions on Iran's "Michelle" leaders in Iraq
WASHINGTON (Reuters) - The United States is considering imposing sanctions on Iran's "Michelle" leaders in Iraq, the US newspaper Monitor reported on Wednesday.
"The United States is in the process of taking a comprehensive policy to address Iran's armed groups in Syria, Lebanon, Iraq and Yemen," the State Department quoted State Department Chief Stuart Jones as saying on May 17, 2017.
The US-based Al-Rai newspaper reported in mid-May that the US president had promised Abu Dhabi Crown Prince Mohammed bin Zayed to work on sanctions against Tehran's allies involved in terrorism, including officials in the Iraqi and Lebanese governments.
"The naming of Lebanon and Iraq in the context of the report was not a coincidence but a clear indication of American and Gulf interest in the wide Iranian influence in these two countries. In Lebanon there is Hezbollah, and in Iraq, parties and armed factions known for their close relationship with Tehran, , From which receive financial and political support.
The newspaper quoted the leader of the Christian crowd, Ryan Chaldean, that "the relationship of the factions of the popular crowd in Iran is not a dependency relationship, as promoted by the Gulf states, but regional countries such as Turkey and the Gulf, which is a terrorist organization, lobbying Washington, and money to impose sanctions on leaders The popular crowd".
In this context, the United States is trying to disconnect between the Shiite militias of Iran and determine movement in small spots, and Western experts confirmed that the US raid on a convoy of Syrian forces on May 18, 2017 reveal the US military plans in the region.
It is well known that many of the leaders of the popular mobilization are accused by the Gulf states and American circles of being linked to and receiving support from Iran, such as the deputy head of the Popular Popular Front in Iraq, Abu Mahdi al-Muhandis, and the leader of the Najba movement in Iraq, Akram al-Kaabi
Ambassador of Romania stresses to al-Jabouri the need to continue international support for Iraq in the fight against Da'ash
Since 2017-06-03 at 14:51 (Baghdad time)Baghdad - Mawazine News
DAMASCUS, (SANA) -Secretary of the House of Representatives Salim Jibouri on Saturday assured Romanian Ambassador to Iraq Jacob Prada the importance of continuing joint coordination in the fight against terrorism and enhancing joint cooperation between the two countries.
A statement from the Office of the Speaker of the Parliament received a copy of it that "Jubouri received in his office, Romanian Ambassador to Iraq Jacob Prada, during the meeting discussed bilateral relations between the two friendly countries and ways to enhance prospects for joint cooperation, especially in the economic and investment sides, Pointing out that "the meeting discussed the challenges experienced by the region and the file of combating terrorism and international support for Iraq to counter the threat of extremist organizations."
Jubouri stressed the need to continue international support for Iraq in its war against gangs and the continuation of joint coordination in the fight against terrorism, pointing out the importance of mobilizing efforts to help the displaced and participate in the reconstruction of areas affected by military operations.
For his part, Prada said, according to the statement, "his country's keenness to cooperate with Iraq in various fields," praising "the role of Parliament Speaker Salim al-Jubouri in the stability of the country."
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Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
GLOBAL/NEWS/INFO
8 things to give up to retire by 40, from real people who have done it
A few sacrifices can go a long way in helping you achieve financial independence.
Oil slides as U.S. climate withdrawal compounds glut concerns
Reuters
Brent oil tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. President Donald Trump's decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global glut. Read the full story
Oil’s losses deepen as investors return to worries over rising production
MarketWatch
Analysts see U.S. crude output continuing to trend higher as long as global prices stay above $40, Read the full story
Global gold prices hit one-week low as stocks, dollar gain after upbeat US data
Livemint
Bengaluru: Gold prices fell on Friday to hit its lowest in a week, with stock markets climbing and the dollar firming after upbeat US private sector job figures appeared to boost the prospects for an interest rate hike this month. Read the full story
BANKS / BANKING
How does interest work on a cash advance from my credit card?
Investopedia
Find out how cash advances and regular credit card purchases are treated differently and what it means for your financial bottom line. Read the full story
The Basics of Lines of Credit
Investopedia
Lines of credit are potentially useful hybrids of credit cards and normal loans. Learn how a line of credit can help (and hurt) your finances, and how to find the best one to suit your needs. Read the full story
Career Advice: Investment Banking Vs. Corporate Finance
Investopedia
Read an in-depth review and comparison of a career in investment banking and a career in corporate finance, with advice about which one to choose. Read the full story
Bank of America has the Highest Future Earnings Growth in the Diversified Banks Industry (BAC, CMA, BLX, C, JPM)
SmarTrend News
Below are the three companies in the Diversified Banks industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal... Read the full story
eNCA | Barclays sells Zimbabwe bank to Malawi's First Merchant
Barclays announced the sale of its Zimbabwe bank to Malawi-listed First Merchant Bank on Friday as the British lender continues its exit from Africa. Read the full story
RCom debt: Banks to discuss debt restructuring proposals today
Livemint
Mumbai: Lenders to Reliance Communication Ltd (RCom) have convened a meeting on Friday to discuss restructuring proposals for the debt-ridden telecom firm, said two bankers directly involved in discussions. On Thursday, ratings agency Fitch said “some kind of default is a real possibility”, while cutting RCom’s debt rating to junk status. Read the full story
China Construction Bank opens first branch in Malaysia
POST Online Media
State-owned China Construction Bank (CCB) opened its first branch in Malaysia on Friday, in a grand ceremony witnessed by Malaysian Prime Minister Najib Razak and other business leaders and government officials. The CCB became the third Chinese bank after Bank of China and Industrial and Commercial Bank of ... Read the full story
TREASURIES/ BONDS/ STOCKS
FINANCIAL CRASH WARNING: Signs major stock markets could be about to IMPLODE
Express
STOCK markets in Britain and the US have once again hit record highs this week, but experts have warned this could be the calm before a crushing storm. Britain's FTSE 100 has now rocketed by a whopping 20 per cent over the last year, hitting new top levels of 7,598 again today. At the same time, America's Dow Jones, S&P500 and Nasdaq have seen large gains and hit fresh records this week. But there are signs that these highs could be about to be reversed. 1. Summer Stock markets tend to be more Read the full story
Global stocks take their lead from Wall St record highs
Stock Markets Jun 02, 2017 08:09 GMT Investing.com - Global stocks follow Wall Street’s record closes overnight. {178|Nikkei 225}} up 1.67% above 20,000 for first time since 2015. Yen slips vs. dollar. Europe higher. DAX up 0.94%. Euro holds $1.12 mark buoyed by euro-zone manufacturing PMI. FTSE 100 up 0.46% at record highs. Sterling holds above $1.28 as U.K. general election looms. U.S. stock index futures higher after Wall St posts fresh record highs. Dollar index steady above 97 as U.S. Read the full story
US Treasurys edge lower as bond investors await jobs data
FTSE 100 on track for all-time high as U.S. records lift trading mood
MarketWatch
U.K. stocks head for a fresh all-time high on Friday, riding higher on a weaker pound ahead of next week’s general election and on optimism over positive closes in U.S. and Asia. Read the full story
BOJ is more minnow than whale in Japan stocks, SocGen finds
The Japan Times
The Bank of Japan has had a lot less impact on the Japanese stock market than some have assumed in recent years, and the effectiveness ... Read the full story
CURRENCIES
POUND LIVE: Sterling falters and FTSE 100 hits record high as election draws closer
Express
THE pound dipped against both the euro and the dollar on Friday with the general election less than week away - and the outcome remaining uncertain. Sterling fell around 0.3 per cent against the euro to 1.1453 and 0.2 per cent against the dollar to 1.286. Britain's currency has suffered a turbulent week after polls showed the Conservatives have only a small lead over Labour before voting begins next week. However, markets are still broadly expecting Theresa May to win on June 8, with the pound Read the full story
NZ dollar extends gains vs Aussie on weak iron ore
Scoop
NZ dollar extends gains vs Aussie on weak iron ore, China demand, falls vs greenback Read the full story
Rupee strengthens against US dollar for third session
Livemint
Mumbai: The Indian rupee on Friday strengthened for the third session, while bond yield fell for the fourth consecutive session against the US dollar in opening trade, ahead of the key Reserve Bank of India’s (RBI) bi-monthly policy next week. Read the full story
Yen Extends Slide Amid Risk Appetite
RTTNews
The Japanese yen continued to be weak against other major currencies in the Asian session on Friday, as Asian stock markets traded higher, tracking the overnight gains on Wall Street following the release of some upbeat economic data, including a report from payroll processor ADP showing a jump in private sector employment in May. Read the full story
Forex - Aussie holds gains after yuan surge, U.S. jobs data eyed
America's lethargic economy isn't doing so good and President Trump's tax cut plan to get it growing again is stalled in Congress for the foreseeable future. Economic growth is weak. Consumer confidence fell in May for the second straight month. Manufactured goods orders dropped in April. The Federal Reserve is ... Read the full story
EMERGING MARKETS
Where the Bulls Run Fastest: Emerging Stock Markets
Emerging markets see 6th straight month of net foreign investor inflows: IIF
Livemint
Emerging markets saw a fourth straight month of net portfolio inflows above $20 billion from foreign investors in May, putting inflows to the asset class at levels near the so-called commodity super cycle that saw asset prices soar from 2010-2014, a survey showed Wednesday. Read the full story
Emerging stocks face new era as MSCI reviews $9 trillion markets
Livemint
London: The stock markets of the world’s developing economies are about to undergo a kind of a revolution as index provider MSCI Inc. prepares to carry out its annual review in June, some of the world’s biggest and best-performing equity markets — with assets totaling almost $9 trillion — are poised for reclassification. Read the full story
MIDDLE EAST
Goldman Sachs applies for Saudi equities trading license: sources
Reuters
Goldman Sachs has applied to Saudi Arabia's capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country. Read the full story
Egypt bourse indexes mixed in week
Mubasher
Cairo – Mubasher: The indexes of Egyptian Stock Exchange (EGX) saw a volatile performance this week, amid increased purchases by foreign and Arab investors against local sales. The EGX30 saw the highest gains in 3 months this week, gaining 1.99% … Read the full story
Finance Ministry to auction EGP 105.25 bn bonds, treasury bills
Mubasher
Cairo – Mubasher: Egypt’s Ministry of Finance, in coordination with the central bank, plans to auction bonds and treasury bills worth EGP 105.25 billion in June to bridge the budget deficit, according to a statement. Treasury bills will acquire … Read the full story
A
FRICA
Zimbabwe: Govt Claims Trusted By UN Agencies, Begs for More Cash
AllAfrica
(Photo: Jerry Chifamba/allAfrica) Government has pleaded with the United Nations Development Programme, (UNDP), to lure more humanitarian and development funding from its members for the country because of "the confidence we have built in UNDP" of managing donations. Since 2002, when Harare was slapped with sanctions by the European Union after America, western countries have been channelling both humanitarian and development assistance to Zimbabwe through UN agencies and other NGOs. The Read the full story
Africa: Why No Lift-Off for Africa's Branch of the Brics Bank?
AllAfrica
The BRICS New Development Bank (NDB) would open its Africa Regional Centre (ARC) in Johannesburg in March 2016, South Africa's then finance minister Pravin Gordhan confidently announced in February that year. 'This initiative gives impetus to our role as a financial centre for Africa, and will facilitate access to global finance by African investors and institutions,' he said in his national budget speech. But a lot has flowed under the bridge since then, not least Gordhan himself. President Read the full story
ASIA
Juncker bites back at Donald Trump's Paris exit saying CHINA will be EU's closest ally
Express
DONALD Trump has come under attack from Jean-Claude Juncker for pulling out of the Paris agreement on climate change, claiming the European Union will now become closer allies with China. The European Commission president declared he was “not afraid” of the maverick US leader, who was attempting to “untie” America from the world. Speaking just hours before Donald Trump pulled the US out of the crucial Paris climate agreement, the European Union bigwig said China would fill the vacuum. Read the full story
U.S. Climate Pivot Puts a Reluctant China in Driver’s Seat
The Wall Street Journal
President Donald Trump’s withdrawal from the Paris climate accord gives China a new opening to exert its sway on a big global issue. Read the full story
3 Must Read Asian Market Stories: Is China Headed For Recession?, California Wants To Link Its Carbon Market With China, and Chinese Bitcoin Exchanges Allow Withdrawals
Barron's
Asia Stocks to Watch The inversion of China's yield curve has sparked debate about whether China is on a path to recession given a downward sloping yield curve can be a harbinger of weak growth ahead. Of course the big news of the day is President Donald Trump's decision to withdraw the U.S. from the Paris climate accord. Not all U.S. states are happy, with California governor Jerry Brown set to discuss linking his state's carbon market with China's when he travels to Middle Kingdom this week. Read the full story
Asian Companies Have Less Debt Than The World, USA Companies Are Highly Leveraged
ValueWalk
World level of net debt-to-equity is 56%, USA relatively high at 75% Asia has lower risk at 42% Philippines highest gearing in Asia at 113%, Taiwan lowest in Asia at 25% Unlike Japanese govt, its companies at low 42% Article by Dr. Andrew Stotz, Become A Better Investor Read the full story
Great EU gravy train exposed as hundreds pocket taxpayer cash on offices which don't exist
Express
THOUSANDS of pounds of European Union taxpayers’ money are going straight into politicians’ coffers as MEPs are not using office allowances, an investigation has found. Hundreds of MEPs are not using the £3,783 handed to them by the European Union every month to fund an office in their own country for the nine weeks of external Brussels work a year they are meant to carry out, The MEPs Project found. Read the full story
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Kauaihn Chatter:
Latest Mosul Map June 3, 2017
6-3-2017 Newshound Guru MilitiaMan (New Guru) Article quote: "Crossed several points in international institutions and economists Iraqis expressed their interest and support as approved by the Central Bank of Iraq from the controls for the sale and purchase of foreign currency mechanisms." ...they are telling us the CBI has controls in place for the sale and purchase of Foreign Currency. Controls are safety mechanisms. Why are they used and when? Because imo they are going to at some point and imo very soon raise the value of the IQD and will do so with a Precise Managed Float.
6-3-2017 Newshound/Intel Guru BGGMosul is it... I have said all along...I would like to see what the news cycle looks like right after Mosul is done. I had some guy message me "why is Mosul taking so long"? They are dug in - they know they will die and have NOTHING TO LOSE...this may take just a bit..let's all just take a breath and let this whole thing play out...and then... I also said - I want to get a feel for what the News Cycles look like after - for a week or two...this will be the tale of the tape. ...sit back...and let them do their thing...and BTW - it's not like they haven't told us in so many ways - what they intend to do. They have - over and over and over and over.
Get caught up on last night's updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec sec...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now.
6-2-2017 Newshound Guru Aggiedad77Article: "Direct payment of the salaries of retired civilians for the month of June" Here's one of those odd things you read and say there is something different about this...when was the last time you actually saw an article where the Iraqi's were talking of paying anyone into the future...usually it is all about payments made in arrears...two and three months or more ago...playing catch up...but here we have a different story... hmmmm ...patterns broken...June an explosive month...
6-2-2017 Newshound/Intel Guru BGG I had a VIP contact me...all these nutty projections about where oil will get to... not gonna' happen. For a lot of reasons. This info comes direct from a M.E. oil producer. They don't think oil will get above 50 - maybe ever again. I think the upside for us is - if Iraq has any inkling about this - they need to diversify and get their private market reformed and on a roll now. Which, obviously...starts with currency reform.
6-2-2017 Newshound Guru MadDScout [So we can say that we are not in... Kick the Can down the road yet...waiting longer for the RV.] I don't think anyone wants to kick the can down the road...I usually take it to mean procrastination...which I don't think is happening... [I guess the question is, are we still fairly expectant?] Yes and it only takes watching the news to see it...One day they have to get their head around a concept then few days later we see adjustment...can't ask for more...
6-2-2017 Intel Guru RayRen98PM Abadi accepts the resignation of the Finance Minister. (Some might see this as a delay, but it was "supposedly" agreed that he would not resign before all of the calculations and numbers for revaluation were agreed and established.) - Iraqi TV is showing that the Command Center map is not showing any gains but reportedly only 2% is remaining. The news focus has changed to the resigning Finance Minister. - Iraqi TV reports ISIS preparing for its' last battle at the mosque. And indicating that the reconciliation announcement will happen after the conclusion of Ramadan. (Remember, you can't believe 100% of the news, its flawed to a certain degree.) ...let's see what happens next!
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
Iraqi forces control the headquarters of al-Hesba and kill the official responsible for the bombing of Daish in Zanjili district in Mosul
The federal police continued their advance on Saturday in the Zinjili district, one of the last neighborhoods still under the control of a pro-government organization on the right side of the city of Mosul, controlling the headquarters of the so-called Hesbah militant organization and killing the official.
Our units are penetrating 800 meters in the Zanjili district, killing 8 people, destroying three car bombs and five motorcycles, and approaching the northern ring on the Old City," federal police chief Major-General Raed Shaker Jawdat said in a statement.
He added that the units seized control of the so-called headquarters of Hesba called in Zanjili and seized a warehouse for the shells and explosive belts, improvised explosive devices and smart missiles.
Jodat pointed to the killing of the terrorist Abdul Karim al-Hadidi, a mechanic, Abu Musab, who was responsible for the bombing in the Zanjili neighborhood, noting the release of hundreds of families trapped inside buildings by al-Da'ash in al-Zanjili.
Maliki denies entering Abadi in a separate list to run for the next election
Saturday, June 03 Head of the "coalition of state law," Nuri al-Maliki
Vice President of the President of the "coalition of state law," Nuri al-Maliki , the validity of the leaks that indicated the entry of Prime Minister Haider Abadi in a separate list of the coalition to run in the next election. He said in a television program: "These leaks are not true and we are still in one list and will participate In the next elections, has been agreed with Abadi in this regard, "pointing out that" the door remains open to those who think of running in an independent list. "
In response to a question on whether there is a possibility to build a new generation of the political process?"We fail to build a new generation for the political process," Maliki said. "We hope that as we prepare for elections and form alternative power, we will move to nurture a new generation to lead the political process."
He pointed out that "the old generation, whatever its efficiency, remains influenced by the data of the stage in which it worked. This experience and participation must be transferred to the generation that comes after it, as in the case of governments. Every government has put a brick and in a way of integration we can reach a stable country and a stable political process." Maliki said in one of the axes during the meeting that he would not "deal with Najaf and religious reference (one by one)."
Iraqi forces control the headquarters of al-Hesba and kill the official responsible for the bombing of Daish in Zanjili district in Mosul
The federal police continued their advance on Saturday in the Zinjili district, one of the last neighborhoods still under the control of a pro-government organization on the right side of the city of Mosul, controlling the headquarters of the so-called Hesbah militant organization and killing the official.
Our units are penetrating 800 meters in the Zanjili district, killing 8 people, destroying three car bombs and five motorcycles, and approaching the northern ring on the Old City," federal police chief Major-General Raed Shaker Jawdat said in a statement.
He added that the units seized control of the so-called headquarters of Hesba called in Zanjili and seized a warehouse for the shells and explosive belts, improvised explosive devices and smart missiles.
\ Jodat pointed to the killing of the terrorist Abdul Karim al-Hadidi, a mechanic, Abu Musab, who was responsible for the bombing in the Zanjili neighborhood, noting the release of hundreds of families trapped inside buildings by al-Da'ash in al-Zanjili
International Coalition: We will not support popular mobilization
A spokesman for the International Alliance against the organization, calling Ryan Dillon today continued support of the coalition forces Kurdish and Iraqi, adding that we will not give the green light to the popular crowd.
Dillon said in a press statement today that we support the Iraqi forces in the military and intelligence areas and this support will continue to restore the old Mosul area of the city until the Iraqi forces declare full victory and the restoration of the city, which will happen soon, adding that the Iraqi government will decide the area to go to restore it after Mosul. He said that the international coalition was able through air raids to detonate more than 120 car bombs was a call to the Iraqi forces by suicide bombers.
On the civilian casualties, the spokesman said the coalition should be a priority for Iraqi forces to make every effort to avoid the civilian casualties, because a supporter does not care about the lives of citizens and targets them.
On the military operations of the popular crowd, Dillon said that the coalition forces will not give these forces the green light, but the Iraqi government is the direction, fighting under the command of the Iraqi government, explaining that we support the Iraqi government in its work and the popular crowd able to achieve good work, for example , Controlled over the past week, more than 600 square kilometers in the vicinity of Tal Afar. He went on to say that the popular crowd under the command of the Iraqi government and we believe it should remain so, because we believe in the sovereignty of Iraq and we believe that any military activity in this country must be under the government. On the presence of multiple forces in the region, Dillon said that the alliance emphasizes the need for all parties to focus on the confrontation and urging the elimination, because the most dangerous threat to Iraq, Syria and the world, saying that in the context of the roll back, the international coalition forces trained Peshmerga forces and will continue
Foreign Ministry: Due to the unified national identity card, we stopped working on issuing the Civil Status ID in our diplomatic missions
The Ministry of Foreign Affairs published a clarification on the use of the unified national card as an alternative to other supporting documents, noting that the discontinuation of the promotion of civil status certificates in a number of diplomatic and consular missions was for this reason.
Foreign Ministry Spokesman Ahmad Jamal said in a press statement that the Ministry of Interior and through a number of its civil status departments started issuing the unified national card as an alternative to other personal documents. Diplomacy and consulate was due to recent internal procedures.Adding that the Ministry of Foreign Affairs is working seriously and in cooperation with the Interior in the preparation of about 20 issuing stations for the unified national card in countries where there is a system of issuing passports immediately after completion of the internal procedures in this regard.
He pointed out that the issuance of passports continues naturally in all Iraqi missions abroad and citizens who wish to issue new passports and have old documents that have been extracted for more than 15 years and can not travel to Iraq to issue a copy of an electronic registration through a person authorized to do so for the purpose of completing the transaction Issuing the passport.
For those who have ALREADY contacted your local bank to question if they exchange foreign currency or if they verify the foreign currency on location, I now need you to help me with another new database that I am assembling.
Once again, on Monday morning after the banks open (and not a moment before that), inquire with your established contact to see if there has been ANY change in policy regarding the Iraqi dinar as a currency to be exchanged.
Then email me your results ONLY if you have any positive new information from your bank inquiry. RayRen98@aol.com
Hopefully, I can assemble this information before the TNT conference call on Monday afternoon. #wearethepeople