Word on the Street Wednesday 11/29/17:
Forex Rates:
http://forex.tradingcharts.
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,145.4000 | 1,141.3000 | 1,145.4000 | | 07:16 |
| USD/VND | | | 22,685.5000 | 22,375.0000 | 22,451.0000 | | 07:16 |
| USD/CNY | | | 6.6074 | 6.5896 | 6.6073 | | 07:19 |
| USD/KWD | | | 0.3013 | 0.3006 | 0.3013 | | 04:43 |
| GBP/USD | | | 1.3430 | 1.3352 | 1.3360 | | 07:19 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,515.0000 | 13,485.5000 | 13,502.0000 | | 07:01 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet today.
DC NY Iraq Articles:dd
28 November, 2017
Financial Kurdistan publishes a new schedule for the distribution of salaries of retirees
http://translate.
The Ministry of Finance of the Kurdistan Region on Wednesday announced the date of distribution of retired salaries to the Ministry of Peshmerga, and the municipality.
The ministry said in a statement that the salaries of retirees in the Ministry of Peshmerga will be distributed on Monday and Tuesday of next week, while the salaries of retirees will be distributed to municipalities on Wednesday and Thursday.
Mr. Ammar al-Hakim: The doors of the National Front are open to those who believe in the unity of Iraq
Editorial date: 2017/11/29 9:40 • 177 times read
(Baghdad: Al-Furat News) The leader of the National Wisdom Movement, Mr. Ammar al-Hakim, stressed that the doors of the National Front are open to all who believe in the unity of Iraq.
A statement issued by his office received a copy of the statement by Mr. Ammar al-Hakim during the political workshop of the Front that "Iraq left the challenges faced by its unity by resorting to the Constitution and the law, but the unity of Iraq remains in need of political, economic and development elements that make the citizen adhering to his homeland and his project" .
He pointed out that "these elements of the task of political forces in the creation of projects that provide services and employment and reconstruction and displaced and justice of the victims, and stressed that the doors of the National Front is open to anyone who believes in the unity of Iraq."
Mr. Ammar al-Hakim stressed "the importance of national dialogue between the Iraqi components with the dialogue that exists today between Baghdad and Erbil."
He pointed out that "the next stage needs to talk about the details that affect the citizen, especially the services, and the need to combat corruption, expressing" its support for the government and the organs of integrity and justice in their efforts to fight corruption, but away from taking the suspicion and the charge
He pointed out that "these elements of the task of political forces in the creation of projects that provide services and employment and reconstruction and displaced and justice of the victims, and stressed that the doors of the National Front is open to anyone who believes in the unity of Iraq."
Mr. Ammar al-Hakim stressed "the importance of national dialogue between the Iraqi components with the dialogue that exists today between Baghdad and Erbil."
He pointed out that "the next stage needs to talk about the details that affect the citizen, especially the services, and the need to combat corruption, expressing" its support for the government and the organs of integrity and justice in their efforts to fight corruption, but away from taking the suspicion and the charge
Masoom meets Barzani in Erbil
Editorial date: 2017/11/29 13:44 • 28 times read
(Erbil: Euphrates News) President of the Republic Fuad Masum, President of the Kurdistan Democratic Party Massoud Barzani, on Wednesday, at the resort of Salah al-Din in the province of Arbil.
According to Kurdish news agencies, the President of the Republic earlier, on Wednesday, with the Prime Minister of the Kurdistan region, Nechirvan Barzani, and his deputy, Qubad Talabani, to discuss the situation in Kirkuk, and the start of dialogue with the federal government.
Home> News> Iraq : 35% tax on ...
Pictures: 35% tax on imported products
29-11-2017 01:02 PM Dozens of traders demonstrated Wednesday morning at the port of Safwan to protest against taxes on imported products, which reached 35%. "Unfair decisions and taxes on imported materials have forced traders to change import terminals," according to a statement by the traffickers.
The launch of the sixth fuel card in Baghdad
Editorial Date: 2017/11/29 11:35 • 136 times read
(Baghdad: Al-Furat News) The Ministry of Oil announced the launch of fuel card No. {6} for the processing of citizens in the province of Baghdad with white oil, while continuing to refuel with fuel card No. {7}.
The statement quoted the ministry received the agency {Euphrates News} a copy of the Director General of the distribution of petroleum products Kazem Masir said, "The outlets began on Wednesday to equip citizens in the province of Baghdad with a white oil quantity of 50 liters by adopting fuel card No. {6}", "Continued processing of fuel card No. 7 until further notice."
The Director-General called on citizens to expedite the receipt of their quotas of white oil from various processing outlets to meet their needs during the coming winter.
The Ministry of Oil started the processing of white oil earlier to secure good stocks for citizens as well as achieving high flow in the distribution process, a context followed by the Ministry in previous years.
The Director-General called on citizens to expedite the receipt of their quotas of white oil from various processing outlets to meet their needs during the coming winter.
The Ministry of Oil started the processing of white oil earlier to secure good stocks for citizens as well as achieving high flow in the distribution process, a context followed by the Ministry in previous years.
Kauaihn Iraq Articles:d
A message from the Chinese Foreign Minister to the Prime Minister of Kurdistan
Chinese Foreign Minister Wang Yi Hu called on the governments of the Kurdistan region and Iraq to maintain the current stability between Erbil and Baghdad and solve the existing problems between the two sides on the basis of the Iraqi constitution.
A statement by the head of the Kurdistan Regional Government (PASNEWS) said that the message of the Chinese Foreign Minister was conveyed by the Consul-General of his country in Arbil Tan Bang Lin to the Prime Minister of Kurdistan Region, Nechirvan Barzani, on Tuesday evening.
A statement by the head of the Kurdistan Regional Government (PASNEWS) said that the message of the Chinese Foreign Minister was conveyed by the Consul-General of his country in Arbil Tan Bang Lin to the Prime Minister of Kurdistan Region, Nechirvan Barzani, on Tuesday evening.
The statement conveyed the message of Chinese Foreign Minister Wang Yi Hu, stressing the bilateral relations between Erbil and Beijing, expressing his hope to make efforts to maintain the stability achieved between Arbil and Baghdad recently, and to develop solutions to the problems existing between the two sides away from tension and through dialogue on The basis of the Iraqi constitution and securing the rights of all components.
The statement added that the meeting discussed the latest developments in the region, Iraq and the Kurdistan Region. The Chinese Consul General affirmed the bilateral relations and solved the existing problems between Erbil and Baghdad through dialogue.
For his part, Chinese Foreign Minister Nechirvan Barzani thanked his message, as well as the Chinese Consul-General, who is trying to strengthen the relations between Erbil and Beijing at the best picture. He stressed that the Kurdistan Region wants strong relations with China, especially in the field of investment.
The statement also quoted the Prime Minister of the Kurdistan Region as saying that the region has expressed its readiness for serious dialogue on the basis of the Constitution with Baghdad, pointing out that they made serious efforts not to repeat tensions and continue to pursue this policy to solve and address the problems.
The statement added that the meeting discussed the latest developments in the region, Iraq and the Kurdistan Region. The Chinese Consul General affirmed the bilateral relations and solved the existing problems between Erbil and Baghdad through dialogue.
For his part, Chinese Foreign Minister Nechirvan Barzani thanked his message, as well as the Chinese Consul-General, who is trying to strengthen the relations between Erbil and Beijing at the best picture. He stressed that the Kurdistan Region wants strong relations with China, especially in the field of investment.
The statement also quoted the Prime Minister of the Kurdistan Region as saying that the region has expressed its readiness for serious dialogue on the basis of the Constitution with Baghdad, pointing out that they made serious efforts not to repeat tensions and continue to pursue this policy to solve and address the problems.
Governor of Kirkuk demands the Ministry of Electricity to restore the real share of the province of energy
Baghdad / Al-Ghad Press:
The governor of Kirkuk, Rakan Said Jubouri, on Wednesday, the Ministry of Electricity to restore the real share of the Kirkuk province of energy.
Al-Jubouri told Al-Ghad Press that "Kirkuk's share of the electricity and according to the ratios allocated according to the census is 490 megawatts, but we provide by only 340 megawatts," stressing that "this share is very little for Kirkuk because the areas were controlled by West and South The province has been liberated and there is a return of citizens to it. "
He added that "an expanded meeting was held with officials of electricity institutions in Kirkuk, specifically in the area of Taza for the existence of directorates of networks of transmission of energy, generation and distribution in which we stressed the need to increase the share of Kirkuk and return to what I was and according to the proportion prescribed for us."
Kirkuk has three generating plants, the Taza power station, the Debs power station and the Mulla Abdullah power station.
The governor of Kirkuk, Rakan Said Jubouri, on Wednesday, the Ministry of Electricity to restore the real share of the Kirkuk province of energy.
Al-Jubouri told Al-Ghad Press that "Kirkuk's share of the electricity and according to the ratios allocated according to the census is 490 megawatts, but we provide by only 340 megawatts," stressing that "this share is very little for Kirkuk because the areas were controlled by West and South The province has been liberated and there is a return of citizens to it. "
Kirkuk has three generating plants, the Taza power station, the Debs power station and the Mulla Abdullah power station.
d
Iraq supports extension of production cuts .. Al-Allaibi: 3 options will be discussed at the meeting of OPEC
Jabbar al-Allaibi, Iraq's oil minister,
Mubasher: The Iraqi oil minister said he supports the extension of a global agreement to reduce oil production, but did not indicate the preferred duration of the extension .
"We will see tomorrow, but we will agree with all OPEC members, whatever the agreement we will be with, but certainly we are with the extension," Jabbar al-Allaibi told reporters after arriving in Vienna on Tuesday.
Al-Allaibi pointed to three options that will be discussed with the meeting expected tomorrow, six months or nine months or a year to extend the cut production .
"The general principle is that the cuts continue," he said .
Iraq's exports of crude oil rose last October by 6.7% on a monthly basis, with revenues rising by 11.9%, according to statistics issued by "Sumo Oil ".
According to the Iraqi oil statement, crude oil exports reached 103.73 million barrels last month, with revenues of 5.46 billion dollars, compared with exports of 97.2 million barrels, with revenues of 4.88 million dollars last September .
On the other hand, Kuwaiti Oil Minister Essam al-Marzouq said on Tuesday that no agreement has yet been reached on the possible extension of oil production cuts .
Two sources told Reuters Reuters early on Tuesday that an Opec committee and independent producers had recommended extending global oil supply cuts until the end of next year with an option to review the deal in June 2018 .
The Organization of Petroleum Exporting Countries (OPEC), Russia and nine other non-OPEC producers cut oil production by 1.8 million bpd by the end of March 2018.
OPEC is due to discuss extending the agreement during its meeting in Vienna on Thursday.
The Romanian Ambassador: Ready to contribute to the reconstruction of the infrastructure of the affected areas during the military operations
Release Date: 2017/11/28 17:54 • 17 times read
The Ambassador of the Republic of Romania to Iraq, Iacov Prada, expressed his country's readiness to contribute to the reconstruction of the infrastructure of the areas damaged during the military operations.
"Defense Minister Irfan Mahmood al-Hayali received at the library Tuesday the ambassador of the Republic of Romania, Iacov Prada," a defense ministry statement said.
"The Ambassador of the Republic of Romania offered congratulations and congratulations to the Minister of Defense on the occasion of the victories achieved by the heroes of the armed forces in liberating Iraqi territory and expelling them as a terrorist."
"The two sides discussed the joint military cooperation between the two countries, and the Romanian ambassador expressed his country's readiness to contribute to the reconstruction of the infrastructure of the areas affected by the military operations."
For his part, the defense minister said, according to the statement, "the role of the Republic of Romania, which supported the Iraqi government in its war against terrorism."
"The Ambassador of the Republic of Romania offered congratulations and congratulations to the Minister of Defense on the occasion of the victories achieved by the heroes of the armed forces in liberating Iraqi territory and expelling them as a terrorist."
"The two sides discussed the joint military cooperation between the two countries, and the Romanian ambassador expressed his country's readiness to contribute to the reconstruction of the infrastructure of the areas affected by the military operations."
For his part, the defense minister said, according to the statement, "the role of the Republic of Romania, which supported the Iraqi government in its war against terrorism."
Financial Parliament of the region:" Kurdistan will face a serious crisis and we will sue Hawrami, Barzani and Talabani
http://translate.
28/11/2017
Alsumaria News / Sulaymaniyah
The Kurdistan region's parliament will face a "serious crisis" next year as a result of its policy of "failed and corrupt oil", warned the deputy chairman of the Finance Committee of the Parliament of Kurdistan province Ali Hama Saleh on Tuesday that a lawsuit will be filed against the Minister of Natural Resources Ashti Hawrami, Najirvan Barzani and his deputy, Qubad Talabani.Saleh said in his page on Facebook, and followed by Alsumaria News, that "according to the information and available documents, the oil policy failed and corrupt will introduce the Kurdistan region in the next year 2018 to a serious crisis," noting, "We will record the lawsuit is not against the Minister of Natural Resources Ashti Hawrami only, but Will include the prime minister and his deputy as well. "
Saleh added that "the problem of salaries with Baghdad, problems with Turkey, corporate loans, electricity problem and salary reduction are the result of the wrong oil policy."
The leader of the Kurdistan Democratic Party Massoud Barzani announced on Monday, his support for a dialogue between the Kurdistan Regional Government and the central government in Baghdad, while the latter called for not to put "more impossible conditions."
The relationship between the federal government and the Kurdistan region of tension, after the last referendum on the separation on the twenty-fifth of last September, prompting the head of the central government Haider Abadi to impose several measures, including stopping international flights in airports Erbil and Sulaymaniyah
Expert warns of falling oil prices in case of non-extension of OPEC agreement
Khandan -
Ed Morse, head of commodity research at Citigroup Inc., said on Tuesday that the world's top crude oil exporters had to agree to extend the supply restriction, which ends March until the end of next year, to avoid a fall in prices.
Morse told Reuters he expected the Organization of the Petroleum Exporting Countries (OPEC) and 10 of its partners to agree to extend the current supply cut to 1.8 million barrels a day until mid-year instead of ending.
"It will surprise me that the extension will be for nine months ... unless they carry out a nine-month extension, there will be a drop," he said.
OPEC and key producers, including Russia, are meeting on Nov. 30 to discuss continuing production constraints in an effort to dispose of global stocks to help raise prices.
Producers agreed to cut supplies by 1.8 million barrels per day (bpd) from January and agreed that the production agreement would be in effect until the end of March.
The market expects OPEC to extend production limits for an additional six to nine months, but that certainty is now receding.
"OPEC and Russia will know that they are losing market share and that it is better for them to return them to a more competitive environment," Morse said.
Russia would need between four and six months to increase production to the extent it promised to cut it by 300,000 bpd, he said. d d
Morse told Reuters he expected the Organization of the Petroleum Exporting Countries (OPEC) and 10 of its partners to agree to extend the current supply cut to 1.8 million barrels a day until mid-year instead of ending.
"It will surprise me that the extension will be for nine months ... unless they carry out a nine-month extension, there will be a drop," he said.
OPEC and key producers, including Russia, are meeting on Nov. 30 to discuss continuing production constraints in an effort to dispose of global stocks to help raise prices.
Producers agreed to cut supplies by 1.8 million barrels per day (bpd) from January and agreed that the production agreement would be in effect until the end of March.
The market expects OPEC to extend production limits for an additional six to nine months, but that certainty is now receding.
"OPEC and Russia will know that they are losing market share and that it is better for them to return them to a more competitive environment," Morse said.
Russia would need between four and six months to increase production to the extent it promised to cut it by 300,000 bpd, he said. d d
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Oil prices could spike more than 25%, according to closely followed economist Jim O'Neill
CNBC
Brent crude oil might be trading near today's levels in a year's time, says Jim O'Neill, but he thinks the price will hit $80 in the meantime. Read the full story
WesBank, Haval sign finance agreement
Engineering News
SWI swissinfo.ch
How To Make The Most Of Your Health Insurance When You've Finally Met Your Deductible
Refinery29
The Thanksgiving leftovers have been eaten, and Black Friday sales are winding down. It's time to turn our attention to equally pressing but less fun concerns — like all the end-of-year medical Read the full story
What The Industry Knew About Sugar's Health Effects, But Didn't Tell Us
NPR
Always Leave ‘Em Wanting More? Putin, Russia, and OPEC’s Exit Strategy for Oil Cuts
Barron's
Oil Investors seem anxious about whether OPEC and Russia will ink the deal to extend production cuts. If Vladimir Putin has a say, chances of another extension are fairly good. Read the full story
BuzzFeed News
Crown Prince Mohammed bin Salman has upended Saudi Arabia with corruption purges and an aggressive foreign policy — but his unpredictability brings the risk of yet more conflict in the Middle East. Read the full story
Iraqi archbishop pleads with Trump: ‘We need your help now’
Yahoo News
A senior Iraqi Catholic leader, Archbishop Bashar Warda of Erbil, is urgently pleading with President Trump to provide millions of dollars in aid to rebuild thousands of Christian homes destroyed in the war with ISIS. Read the full story
Iran-Sanctions Trial to Open After Jury Selected in New York
Bloomberg
The trial of a Turkish banker charged with helping Iran evade economic sanctions is set to begin Tuesday after a jury was selected in New York. The banker, Mehmet Hakan Atilla, will be the only defendant on trial, U.S. District Judge Richard Berman told jurors in court on Monday. That still leaves unanswered whether the main defendant, Turkish-Iranian gold trader Reza Zarrab, has struck a deal with the U.S. and will testify against Atilla. Zarrab is accused of orchestrating the scheme. Zarrab Read the full story
GLOBAL/NEWS/INFO
12 great gifts that will make your kids smarter
This holiday season, get the children in your life something they can really benefit from.
How the CEO of a firm that manages billions teaches kids about money
Elliot Weissbluth's firm manages nearly $50 billion, and he wants to make sure his kids can handle their money, too.
Read more: https://www.cnbc.com/2017/11/
This holiday season, get the children in your life something they can really benefit from.
How the CEO of a firm that manages billions teaches kids about money
Elliot Weissbluth's firm manages nearly $50 billion, and he wants to make sure his kids can handle their money, too.
Read more: https://www.cnbc.com/2017/11/
OIL/COMMODITIES/ENERGY
Gold Pulls Back From 6-Week Highs Ahead of Powell HearingInvesting.com
© Reuters. Oil prices fall for second day in a row Read the full story
© Reuters. Gold drifts lower ahead of Powell hearing Read the full story
Gold prices recoup most of last week's losses
MarketWatch
Gold prices settled higher Monday to reclaim most of what they lost last week as investors look to potential developments this week on U.S. tax changes and interest-rate policy. December gold climbed $7.10, or 0.6%, to settle at $1,294.40 an ounce, after posting a weekly decline of 0.7%. February gold , which is also actively traded, tacked on $7.10, or 0.6%, to finish at $1,298.90, after tapping highs above $1,300. Read the full story
Oil Prices Continue Lower Ahead of U.S. Supply Data, OPEC MeetingInvesting.comMarketWatch
Gold prices settled higher Monday to reclaim most of what they lost last week as investors look to potential developments this week on U.S. tax changes and interest-rate policy. December gold climbed $7.10, or 0.6%, to settle at $1,294.40 an ounce, after posting a weekly decline of 0.7%. February gold , which is also actively traded, tacked on $7.10, or 0.6%, to finish at $1,298.90, after tapping highs above $1,300. Read the full story
© Reuters. Oil prices fall for second day in a row Read the full story
Oil prices could spike more than 25%, according to closely followed economist Jim O'Neill
CNBC
Brent crude oil might be trading near today's levels in a year's time, says Jim O'Neill, but he thinks the price will hit $80 in the meantime. Read the full story
BANKS/BANKING/CREDIT
WesBank, Haval sign finance agreement
Engineering News
WesBank, a division of First Rand Bank, has concluded an agreement with Haval Motors South Africa (HMSA) to provide finance products for the brand’s expanding customer base in South Africa. The Chinese vehicle manufacturer Great Wall Motors (GWM) has traded in South Africa since 2007. Read the full story
Swiss giant joins hunt for Commerzbank
Handelsblatt Global
UBS is reportedly looking to pick up some business lines rather than the whole bank as takeover speculation grows. Read the full story
Boris Collardi and the puzzle of Swiss private bankingHandelsblatt Global
UBS is reportedly looking to pick up some business lines rather than the whole bank as takeover speculation grows. Read the full story
SWI swissinfo.ch
Boris Collardi, the outgoing chief of Julius Baer, once told the Financial Times that he worked 14-hour days and was on the road for 300 days a year, before adding enigmatically: “Never believe what a banker tells you.” The 43-year-old’s decision to quit the top job at Julius Baer to become one of seven partners at Swiss rival Pictet is just as puzzling — and has ramifications far beyond the boardrooms of Switzerland’s middle-tier private banks. For Pictet, snagging Mr Collardi, looks like a Read the full story
Credit in Kuwaiti banks grows 3.1% in September – KFH
Mubasher
Opinion | Carney's More Stressed About Derivatives Than U.K. BanksBloomberg
Mubasher
Mubasher: The growth of total credit granted by the banking sector in Kuwait scored 3.1% in September 2017, Kuwait Finance House (KFH) said in a report, according to the latest data disclosed by the Central Bank of Kuwait (CBK). The credit growth … Read the full story
The Bank of England's Financial Stability Report released Tuesday crowed that U.K. officials are on top of the domestic banking risks they can control, but sent out a loud warning on what they can't -- Brexit. That alarm bell is intended not just for the U.K. government, but also to European Union negotiators. The BOE highlighted two obvious financial contract risks from Brexit. The first concerns the need for U.K. and EU legislation to ensure effective cover will stay in place for holders of 40 Read the full story
Bankers Press For More Lenient Leveraged Lending GuidelinesPYMNTS.com
Reports in Reuters say bankers and investors are calling on regulators to relax Leveraged Lending Guidelines as they seek to regain market share lost to some alternative lenders. The publication relayed news on Monday (Nov. 27) that banks want regulators to pull back on the guidelines created in 2013 in an effort to mitigate risk in... Read the full story
Wells Fargo fires foreign exchange bankers for overcharging clients
MarketWatch
Reports in Reuters say bankers and investors are calling on regulators to relax Leveraged Lending Guidelines as they seek to regain market share lost to some alternative lenders. The publication relayed news on Monday (Nov. 27) that banks want regulators to pull back on the guidelines created in 2013 in an effort to mitigate risk in... Read the full story
MarketWatch
The bank that’s already under fire for inappropriate treatment of retail customers now has federal prosecutors looking into its foreign exchange banking operation. Read the full story
UK banks will withstand any 'disorderly' Brexit deal, Bank of England saysCNBC
Britain's major banks would be able to withstand a "hard Brexit" scenario, according to the Bank of England's (BOE) annual stress test of the U.K. financial system. Read the full story
Britain's major banks would be able to withstand a "hard Brexit" scenario, according to the Bank of England's (BOE) annual stress test of the U.K. financial system. Read the full story
TREASURIES/BONDS/STOCKS
Home prices and consumer confidence — What you need to know on Tuesday
Yahoo Finance
MORGAN STANLEY: Everything keeping the market calm is about to get worse
Business Insider
Morgan Stanley, Wall Street's most bullish firm on stocks in 2017, is taking a more moderate view of the year ahead. Equity strategists led by Mike Wilson forecast that stock-market volatility, combined with low volatility in interest rates, currency, credit, and economic data, are set to return in 2018 after being super-low this year. They pegged a year-end target on the S&P 500 of 2,750 that should be achieved - as a peak - in the first half of the year. Morgan Stanley was the most bullish Read the full story
Yahoo Finance
Consumer confidence and home prices will be headliners on Tuesday as the goings-on with tax reform take centerstage this week. Read the full story
U.S. Labor Department delays final part of fiduciary rule
Reuters
The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that accounts that charge commissions are in their best interests. Read the full story
Bitcoin lays waste to a year’s worth of ‘bubble’ calls on its way to new highs
MarketWatch
hey may, indeed, be proven right eventually, but, to this point, those calling for bitcoin’s massive rally to end in an epic implosion — and there have been many — have had to suffer the indignity of being caught completely wrong-footed on one of the most stunning “investments” we’ve ever seen. Read the full story
Opinion: The chance of a bitcoin crash is greater than 80%
MarketWatch
Expect at least a 40% plunge in bitcoin’s price when the cryptocurrency crashes, writes Mark Hulbert. Read the full story
Opinion | Bitcoin Bubble Makes Dot-Com Look Rational
Bloomberg
Even compared with some extreme bubbles, bitcoins, which continued its climb toward $10,000 Monday afternoon, look bloated. Take dot-com stocks, which were the biggest bubble of the past few decades, and likely the largest in stock market history. At the height of the dot-com stock bubble, the technology-heavy Nasdaq stock index had a price-to-earnings ratio of 175. In the past year, bitcoins have generated transaction fees of nearly $219 million. And at $9,600 a piece, the total value of all Read the full story
Treasury market's overlords tackle key question of transparency
My San Antonio
As Treasury Secretary Steven Mnuchin and other overseers of the $14.3 trillion U.S. government bond market gather Tuesday for a conference on the industry's evolution, one key question looms large: Are regulators prepared to make trading data public? Read the full story
Dow ekes out gain as energy weakness weighs on stocks
MarketWatch
Stocks struggled to gain ground Monday, as a slump by energy shares offset gains for retailers. The Dow Jones Industrial Average bucked the negative backdrop, eking out a gain of around 23 points, or 0.1%, to close near 23,581--just shy of the record close of 23,590.83. The S&P 500 ended less than 0.1% lower near 2,601, while the Nasdaq Composite finished 0.2% lower near 6,879. (An earlier version of the market bulletin incorrectly said the Dow closed at a record. It has been corrected.) Read the full story
Reuters
The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that accounts that charge commissions are in their best interests. Read the full story
MarketWatch
hey may, indeed, be proven right eventually, but, to this point, those calling for bitcoin’s massive rally to end in an epic implosion — and there have been many — have had to suffer the indignity of being caught completely wrong-footed on one of the most stunning “investments” we’ve ever seen. Read the full story
MarketWatch
Expect at least a 40% plunge in bitcoin’s price when the cryptocurrency crashes, writes Mark Hulbert. Read the full story
Bloomberg
Even compared with some extreme bubbles, bitcoins, which continued its climb toward $10,000 Monday afternoon, look bloated. Take dot-com stocks, which were the biggest bubble of the past few decades, and likely the largest in stock market history. At the height of the dot-com stock bubble, the technology-heavy Nasdaq stock index had a price-to-earnings ratio of 175. In the past year, bitcoins have generated transaction fees of nearly $219 million. And at $9,600 a piece, the total value of all Read the full story
My San Antonio
As Treasury Secretary Steven Mnuchin and other overseers of the $14.3 trillion U.S. government bond market gather Tuesday for a conference on the industry's evolution, one key question looms large: Are regulators prepared to make trading data public? Read the full story
MarketWatch
Stocks struggled to gain ground Monday, as a slump by energy shares offset gains for retailers. The Dow Jones Industrial Average bucked the negative backdrop, eking out a gain of around 23 points, or 0.1%, to close near 23,581--just shy of the record close of 23,590.83. The S&P 500 ended less than 0.1% lower near 2,601, while the Nasdaq Composite finished 0.2% lower near 6,879. (An earlier version of the market bulletin incorrectly said the Dow closed at a record. It has been corrected.) Read the full story
MORGAN STANLEY: Everything keeping the market calm is about to get worse
Business Insider
Morgan Stanley, Wall Street's most bullish firm on stocks in 2017, is taking a more moderate view of the year ahead. Equity strategists led by Mike Wilson forecast that stock-market volatility, combined with low volatility in interest rates, currency, credit, and economic data, are set to return in 2018 after being super-low this year. They pegged a year-end target on the S&P 500 of 2,750 that should be achieved - as a peak - in the first half of the year. Morgan Stanley was the most bullish Read the full story
INSURANCE/HEALTH
How To Make The Most Of Your Health Insurance When You've Finally Met Your Deductible
Refinery29
The Thanksgiving leftovers have been eaten, and Black Friday sales are winding down. It's time to turn our attention to equally pressing but less fun concerns — like all the end-of-year medical Read the full story
NPR
The sugar industry pulled the plug on an animal study it funded in the 1960s. Initial results pointed to a link between sugar consumption and elevated triglycerides, which raises heart disease risk. Read the full story
Pfizer, Germany's Merck cancer treatment trial misses primary endpoint
MarketWatch
Pfizer Inc. and German-based Merck KGaA said Tuesday a phase 3 trial of a cancer treatment did not meet its primary endpoint of superior overall survival. Pfizer's stock slipped 0.9% in premarket trade. The trial tested avelumab as a third-line treatment for unresectable, recurrent or metastatic gastric adenocarcinoma patients whose disease progressed following two prior therapeutic regiments. The safety profile was consistent with that observed in the overall clinical development program. The Read the full story
MarketWatch
Pfizer Inc. and German-based Merck KGaA said Tuesday a phase 3 trial of a cancer treatment did not meet its primary endpoint of superior overall survival. Pfizer's stock slipped 0.9% in premarket trade. The trial tested avelumab as a third-line treatment for unresectable, recurrent or metastatic gastric adenocarcinoma patients whose disease progressed following two prior therapeutic regiments. The safety profile was consistent with that observed in the overall clinical development program. The Read the full story
CURRENCIES
Forex - Dollar Edges Slightly Higher but Remains Under PressureInvesting.com
Yen gains in Asia Read the full story
Forex - PBOC Sets Yuan Parity At 6.5944 Against DollarInvesting.com
Forex - Dollar Falls In Asia As Risk Gains, Fed Speakers AwaitedInvesting.com
© Reuters. Dollar regains some ground but upside seem limited Read the full story
Forex - Dollar Steadies, Still In Sight of 2-Month LowsInvesting.com
Pound to euro exchange rate: GBP ‘drifts higher’ against EUR despite Irish border question
Express
THE POUND has recovered slightly against the euro from yesterday’s low, ahead of Eurozone and German economic figures to be announced later this week. Pound sterling has recovered some ground against the euro currency. The GBP currency now converts to €1.1198, according to figures at 7:20am this morning. It is up from a conversion rate of €1.1169 to the pound, accurate at this time yesterday. Read the full story
Forex - Aussie, Kiwi Move Higher Vs. Weaker GreenbackInvesting.com
Aussie and kiwi gain ground vs. greenback in late trade Read the full story
Forex - Dollar Down Against Yen In Early Asia, Fed Speakers AheadInvesting.com
© Reuters. Dollar steadies, still in sight of 2-month lows Read the full story
Express
THE POUND has recovered slightly against the euro from yesterday’s low, ahead of Eurozone and German economic figures to be announced later this week. Pound sterling has recovered some ground against the euro currency. The GBP currency now converts to €1.1198, according to figures at 7:20am this morning. It is up from a conversion rate of €1.1169 to the pound, accurate at this time yesterday. Read the full story
Aussie and kiwi gain ground vs. greenback in late trade Read the full story
Yen gains in Asia Read the full story
© Reuters. Yuan parity Read the full story
Yen gains in Asia Read the full story
The weakness in dollar/yen price action is a bad sign for dollar bullsCNBC
The market is closely watching persistent dollar weakness and its relationship with one major currency, Boris Schlossberg of BK Asset Management writes. Read the full story
Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
CNBC
Former Fortress hedge fund manager Michael Novogratz says bitcoin can multiply more than four times in roughly the next 13 months. Read the full story
The market is closely watching persistent dollar weakness and its relationship with one major currency, Boris Schlossberg of BK Asset Management writes. Read the full story
CNBC
Former Fortress hedge fund manager Michael Novogratz says bitcoin can multiply more than four times in roughly the next 13 months. Read the full story
USA/CANADA
U.S. New Home Sales Unexpectedly Jump in OctoberInvesting.com
© Reuters. U.S. new home sales increase to 685,000 units in October vs. 625,000 forecast Read the full story
How would tax reform affect you? Send us your tax returns and we'll tell you
Los Angeles Times
Big changes could be coming for the nation’s tax code, from revised income tax brackets and a cap on the deduction for mortgage interest payments Read the full story
Opinion | Taxes Are Low in the U.S., But Other Stuff Is Expensive
Bloomberg
That's not how this works, guys. The Organization for Economic Cooperation and Development's annual compendium of revenue statistics is out,1 and the U.S. again ranks quite low in overall tax revenue as a percentage of gross domestic product. The OECD is the club of the world's developed nations, and the U.S. has the fifth-lowest tax burden among its 35 members. In other words, this is nowhere near "the highest-taxed nation in the world," as President Donald Trump has said again and again over Read the full story
© Reuters. U.S. new home sales increase to 685,000 units in October vs. 625,000 forecast Read the full story
Los Angeles Times
Big changes could be coming for the nation’s tax code, from revised income tax brackets and a cap on the deduction for mortgage interest payments Read the full story
Bloomberg
That's not how this works, guys. The Organization for Economic Cooperation and Development's annual compendium of revenue statistics is out,1 and the U.S. again ranks quite low in overall tax revenue as a percentage of gross domestic product. The OECD is the club of the world's developed nations, and the U.S. has the fifth-lowest tax burden among its 35 members. In other words, this is nowhere near "the highest-taxed nation in the world," as President Donald Trump has said again and again over Read the full story
Flynn's lawyer meets members of special counsel's team, raising specter of plea deal
ABC News
It is the latest indication that both sides are discussing a possible plea deal. Read the full story
ABC News
It is the latest indication that both sides are discussing a possible plea deal. Read the full story
EMERGING MARKETS
Venezuela is the 'story to watch' for oil markets in 2018, RBC's Helima Croft says
CNBC
CNBC
Embattled Venezuela with its current political and economic turmoil should be front and center for oil traders as we head into 2018. Read the full story
Brazil, Spain, France are a step ahead of Argentina: Sampaoli
Social News XYZ
Buenos Aires, Nov 28 (IANS) Brazil, Spain and France are early favourites to win next year's FIFA World Cup in Russia, according to Argentina national football team coach Jorge Sampaoli. But Germany are not at the level that saw them defeat Argentina in the final to win the last World Cup in Brazil in 2014,... Read the full story
Brazil Consumer Confidence Strongest Since Oct 2014: FGV
RTTNews
Business Insider
Social News XYZ
Buenos Aires, Nov 28 (IANS) Brazil, Spain and France are early favourites to win next year's FIFA World Cup in Russia, according to Argentina national football team coach Jorge Sampaoli. But Germany are not at the level that saw them defeat Argentina in the final to win the last World Cup in Brazil in 2014,... Read the full story
RTTNews
Brazil consumer confidence strengthened further in November to the highest level in just over three years, figures from the FGV IBRE showed Tuesday. Read the full story
Brazil, China Work To Strengthen Oil, Gas Partnership
Exploration and Production Magazine
China and Brazil are designing strategies around mutual interests, and one of these strategies is to attract more Chinese investments to Brazil. In 2016 China invested $7.18 billion, nearly 80% more than the U.S. invested, in Brazil. The amount of China’s investment is expected to increase this year. From January to October 2017, China invested roughly $10 billion in several sectors, including infrastructure, logistics and energy. Although China is looking for opportunities in a number of areas, Read the full story
THE GLOBAL E-COMMERCE LANDSCAPE: How emerging markets will transform the future of online shoppingExploration and Production Magazine
China and Brazil are designing strategies around mutual interests, and one of these strategies is to attract more Chinese investments to Brazil. In 2016 China invested $7.18 billion, nearly 80% more than the U.S. invested, in Brazil. The amount of China’s investment is expected to increase this year. From January to October 2017, China invested roughly $10 billion in several sectors, including infrastructure, logistics and energy. Although China is looking for opportunities in a number of areas, Read the full story
Business Insider
This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Emerging markets are going to be essential for e-commerce growth, as retailers in developed markets may soon reach saturation in terms of consumer growth. For example, almost half of US households now have a Prime membership, diminishing Amazon's growth potential in the country. Meanwhile, in China, the world's largest e-commerce market, Read the full story
Mexico promised affordable housing for all. Instead it created many rapidly decaying slums
Los Angeles Times
Sixteen years ago, Mexico embarked on a monumental campaign to elevate living standards for its working-class masses. Read the full story
Los Angeles Times
Sixteen years ago, Mexico embarked on a monumental campaign to elevate living standards for its working-class masses. Read the full story
MIDDLE EAST
Always Leave ‘Em Wanting More? Putin, Russia, and OPEC’s Exit Strategy for Oil Cuts
Barron's
Oil Investors seem anxious about whether OPEC and Russia will ink the deal to extend production cuts. If Vladimir Putin has a say, chances of another extension are fairly good. Read the full story
Anger over Greek plan to sell weapons to Saudi Arabia
Aljazeera
Athens, Greece - A political dispute in Greece over a controversial arms deal with Saudi Arabia is deepening, with opposition politicians and critics decrying plans to sell 66m euros ($78.7m) worth of surplus missiles and bombs to the Arab Gulf country. Opposition politicians have accused the government, which is currently headed by the leftist Syriza party, of not following the proper procedures for an international agreement, while critics have decried selling weapons to a country engaged in Read the full story
Saudi Arabia’s New Crown Prince Is Shaking Up The Middle EastAljazeera
Athens, Greece - A political dispute in Greece over a controversial arms deal with Saudi Arabia is deepening, with opposition politicians and critics decrying plans to sell 66m euros ($78.7m) worth of surplus missiles and bombs to the Arab Gulf country. Opposition politicians have accused the government, which is currently headed by the leftist Syriza party, of not following the proper procedures for an international agreement, while critics have decried selling weapons to a country engaged in Read the full story
BuzzFeed News
Crown Prince Mohammed bin Salman has upended Saudi Arabia with corruption purges and an aggressive foreign policy — but his unpredictability brings the risk of yet more conflict in the Middle East. Read the full story
Yahoo News
A senior Iraqi Catholic leader, Archbishop Bashar Warda of Erbil, is urgently pleading with President Trump to provide millions of dollars in aid to rebuild thousands of Christian homes destroyed in the war with ISIS. Read the full story
Bloomberg
The trial of a Turkish banker charged with helping Iran evade economic sanctions is set to begin Tuesday after a jury was selected in New York. The banker, Mehmet Hakan Atilla, will be the only defendant on trial, U.S. District Judge Richard Berman told jurors in court on Monday. That still leaves unanswered whether the main defendant, Turkish-Iranian gold trader Reza Zarrab, has struck a deal with the U.S. and will testify against Atilla. Zarrab is accused of orchestrating the scheme. Zarrab Read the full story
AFRICA
Global crypto-currency crackdown sparks search for safe havens
Reuters
Reuters
When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform's tokens. Read the full story
Merkel heads to EU-Africa summit with eye on migrant issue at home
Reuters
Reuters
German Chancellor Angela Merkel will focus on expanding business ties and trying to regulate migration with Africa during an EU-Africa summit in Abidjan this week, as she comes under pressure at home to make progress faster on both fronts. Read the full story
Activists doubt new Zimbabwe leadership will bring real change
Aljazeera
Emmerson Mnangagwa, Zimbabwe's new president, is expected to form a new cabinet this week, with all eyes on whether he will break with the past and name a broad-based government, or select old guard figures from Robert Mugabe's era. But some human rights activists worry the new regime will not be any different from the old one. Al Jazeera's Haru Mutasa reports from Harare. Read the full story
Detained Mugabe-era officials denied bail in Zimbabwe
Aljazeera
Aljazeera
Emmerson Mnangagwa, Zimbabwe's new president, is expected to form a new cabinet this week, with all eyes on whether he will break with the past and name a broad-based government, or select old guard figures from Robert Mugabe's era. But some human rights activists worry the new regime will not be any different from the old one. Al Jazeera's Haru Mutasa reports from Harare. Read the full story
Detained Mugabe-era officials denied bail in Zimbabwe
Aljazeera
Harare, Zimbabwe - Zimbabwe's former minister of finance and economic development has been denied bail in his corruption trial. Ignatius Chombo, an ally of ousted Zimbabwean leader Robert Mugabe, is being held "in the interests of his safety" and to prevent any interference with state witnesses, a magistrate's court said on Monday evening. Chombo was arrested on Friday and charged with corruption and abuse of power. Speaking after the hearing, Chombo's lawyer, Lovemore Madhuku, told Al Jazeera Read the full story
New doors open for China in Zimbabwe
South China Morning Post
South China Morning Post
The African nation’s new leader, Emmerson Mnangagwa, has promised a less nationalist approach in economic policy that could boost investor confidence Read the full story
Zimbabwe’s President Sets 90-Day Deadline to Return Stolen Cash
Bloomberg
Bloomberg
Emmerson Mnangagwa during the inauguration ceremony in Harare, on Nov. 24, 2017. Zimbabwean President Emmerson Mnangagwa ordered anyone who had illegally moved cash and assets out of the southern African nation to return them within three months or face arrest. “Huge sums of money and other assets” have been taken by “certain individuals and corporates,” Mnangagwa said in a statement Tuesday without naming them. He urged those responsible for “a very serious economic crime against the people of Read the full story
ASIA
Asian Shares Mixed With Nikkei 225 Up Despite North Korea Concerns
Investing.com
Investing.com
© Reuters. Asina shares mixed Read the full story
Hong Kong markets drop for second day, weighed by insurers
South China Morning Post
AIA was the worst performing blue chip, sliding 2.65 per cent to HK$66 in its biggest drop since July 4; Ping An dropped 1.84 per cent to HK$80.00 Read the full story
South China Morning Post
AIA was the worst performing blue chip, sliding 2.65 per cent to HK$66 in its biggest drop since July 4; Ping An dropped 1.84 per cent to HK$80.00 Read the full story
Chinese envoy heads to Zimbabwe in new president Mnangagwa’s first week in office
South China Morning Post
Two-day trip will be the first reported visit by a Chinese official since Mugabe’s exit Read the full story
South China Morning Post
Two-day trip will be the first reported visit by a Chinese official since Mugabe’s exit Read the full story
EUROPE
Stocks - European Markets Steady to Higher as Sentiment Improves
Investing.com
Investing.com
© Reuters. Frankfurt Stock Exchange Read the full story
The EU could blacklist Britain as a tax haven after Brexit
Quartz
On Dec. 5 the EU will publish a blacklist of countries that have “harmful tax practices.” By its own criteria, that should include six EU… Read the full story
Brexit: Urgent question granted to Labour as pressure grows for release of full analysis on EU withdrawal
The Independent
Labour has been granted an urgent question in the House of Commons which they will use to push the Government to fully release all parts of an analysis into the impact of Brexit on the economy. Read the full story
UK 'ill-equipped' for Brexit talks and should tell EU 'sod off' over the divorce bill, says Priti Patel
The Independent
Britain is “ill-equipped” for Brexit talks and needs to take a tougher line with Brussels by telling EU leaders to “sod off” over the divorce bill, a former Cabinet minister has said. Read the full story
Russian official: not worried about EU's moves on defense pact
Reuters
A senior Russia's foreign ministry official on Tuesday said he was not worried by the European Union's move to integrate European defenses, saying the initiative was "just words" and did not appear to be aimed at Moscow. Read the full storyd
Quartz
On Dec. 5 the EU will publish a blacklist of countries that have “harmful tax practices.” By its own criteria, that should include six EU… Read the full story
The Independent
Labour has been granted an urgent question in the House of Commons which they will use to push the Government to fully release all parts of an analysis into the impact of Brexit on the economy. Read the full story
The Independent
Britain is “ill-equipped” for Brexit talks and needs to take a tougher line with Brussels by telling EU leaders to “sod off” over the divorce bill, a former Cabinet minister has said. Read the full story
Reuters
A senior Russia's foreign ministry official on Tuesday said he was not worried by the European Union's move to integrate European defenses, saying the initiative was "just words" and did not appear to be aimed at Moscow. Read the full storyd
Blessed and Highly Favored:
The CBI for Wednesday 11/29/17 did update on the indicative rates Sell Rate 1184
The currency auction is 152,324,464
There is no news and announcements for Wednesday 11/29/17
ISX Update:
1.67%
Kauaihn Chatter:
11-29-2017 Newshound/Intel Guru Mnt Goat Article: "RETURN OF THE SUBJECT DELETE THE ZEROS TO THE FOREFRONT" ...this article is not the CBI talking but one of the leading Iraqi economic analysts talking to us. 1) It is saying we are now about to begin to enter 2018 so where is the project to delete the zeros? ...They know it was held up due to “security reasons” so now that those security reasons no longer exist or are winding down, how about resurrecting this effort? 2) It says Iraq is now at a crossroads and about to begin a new era of economic growth. Can it be done without also bringing back the dinar to its past glory? 3) It says it is difficult to keep using the US dollar for outside trading (as we know is only mandated due to Chapter VII financial sanctions put on Iraq). Is it time now to get our real dinar back? [post 1 of 3....stay tuned]
11-29-2017 Newshound Guru Kaperoni Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" My take on this...the IMF is warning Iraq that if you continue to let the reserves erode you will risk the collapse of the economy. More importantly it once again confirms the plan to float the dinar. ...we don’t want a managed float or a peg...we want the global financial system to set the rate. And that only happens with a free float. Iraq needs to create momentum, then they can let it go and watch it rise.
11-29-2017 Newshound Guru Kaperoni Article: "Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction" My take on this...the IMF is warning Iraq that if you continue to let the reserves erode you will risk the collapse of the economy. More importantly it once again confirms the plan to float the dinar. ...we don’t want a managed float or a peg...we want the global financial system to set the rate. And that only happens with a free float. Iraq needs to create momentum, then they can let it go and watch it rise.
11-28-2017 Intel Guru Frank26 IMO Abadi said two months ago that he would declare independence at the end of November and he counted it down to days, and then to hours, then to Saturday.
11-28-2017 Newshound/Intel Guru Mnt Goat Finally, they are now considering once again moving ahead with the project. We know that when they do this they will quickly move to the last phase and this includes a significant rate increase over the program rate. We also know this will be preceded, if not coincided with the launching of the rest of the set of the lower denominations. So these are events to watch for. Remember, they already launched some of these notes in earlier years in anticipation of the RV back then and had real targets that could not come to fortition. [post 3 of 3]
11-28-2017 Newshound/Intel Guru Mnt Goat The reason why I feeling excited now is NOT that I expect an RV any day /every day as imminent (simply not true) but is because they had projected in the past when they would conclude the project many times already and in April they finally had to come out give us a realistic timeframe – which was “THEY DON’T KNOW”. Can’t be any more honest than that? However, they also said (and this is the important part), that they postponed it due to SECURITY reasons as to why they did not do it in EARLY 2017 as they announced they would. The security issue revolved around fighting of the ISIS and Daesh terrorist organizations in Iraq. [post 2 of 3....stay tuned]
11-28-2017 Newshound/Intel Guru Mnt Goat ...today I have some very exciting news to share with everyone. It is about the “PROJECT TO DELETE THE ZEROS”. We know that the RV will come as a result of this project to delete the zeros. This last phase of the project is the conclusion of the long-awaited revaluation of the Iraqi dinar. Yes – this is the part we have been waiting for and will get us the RV thus go to the bank. But still not yet. Why? ...the last time we heard from the CBI on this project to delete the zeros, was last April 2017, when they finally came out and told us they were “postponing” the continuation of the project “indefinitely” meaning until further notice. We all know they MUST do this project sometime to completion. Remember we all thought that it would come in EARLY 2017 as they told us it would? I too was supporting this idea since the CBI TOLD US. [post 1 of 3....stay tuned]
1-28-2017 Intel Guru Frank26 IMO The fact that two CBI banks have opened in the last two days and apparently another one in Jordan is impossible without a released currency. IMO These other countries wouldn't want this, or even let them do it, if their currency was restricted.11-28-2017 Newshound/Intel Guru Mnt Goat Finally, they are now considering once again moving ahead with the project. We know that when they do this they will quickly move to the last phase and this includes a significant rate increase over the program rate. We also know this will be preceded, if not coincided with the launching of the rest of the set of the lower denominations. So these are events to watch for. Remember, they already launched some of these notes in earlier years in anticipation of the RV back then and had real targets that could not come to fortition. [post 3 of 3]
11-28-2017 Newshound/Intel Guru Mnt Goat The reason why I feeling excited now is NOT that I expect an RV any day /every day as imminent (simply not true) but is because they had projected in the past when they would conclude the project many times already and in April they finally had to come out give us a realistic timeframe – which was “THEY DON’T KNOW”. Can’t be any more honest than that? However, they also said (and this is the important part), that they postponed it due to SECURITY reasons as to why they did not do it in EARLY 2017 as they announced they would. The security issue revolved around fighting of the ISIS and Daesh terrorist organizations in Iraq. [post 2 of 3....stay tuned]
11-28-2017 Newshound/Intel Guru Mnt Goat ...today I have some very exciting news to share with everyone. It is about the “PROJECT TO DELETE THE ZEROS”. We know that the RV will come as a result of this project to delete the zeros. This last phase of the project is the conclusion of the long-awaited revaluation of the Iraqi dinar. Yes – this is the part we have been waiting for and will get us the RV thus go to the bank. But still not yet. Why? ...the last time we heard from the CBI on this project to delete the zeros, was last April 2017, when they finally came out and told us they were “postponing” the continuation of the project “indefinitely” meaning until further notice. We all know they MUST do this project sometime to completion. Remember we all thought that it would come in EARLY 2017 as they told us it would? I too was supporting this idea since the CBI TOLD US. [post 1 of 3....stay tuned]
11-28-2017 Intel Guru ADMINBILL BE POSITIVE, HOPEFUL AND READY. AND, IN MY OPINION, BE ALL THREE BEFORE CHRISTMAS. ALTHOUGH NO DATES OR RATES WILL BE KNOWN BEFORE THE RELEASE YOU ARE IN A GOOD PLACE.11-28-2017 Intel Guru RayRen98 [On a scale of 1 to 10, how much "more" confidence does the "unrevealed" Intel give you that the RI/RV will happen by this coming weekend?] Confidence is at an all-time high, and 95% of what my sources have said has come to pass, over time. As for whether the RV happens by this weekend, everyone has that impression right now. I might get more intel today to confirm that or to clarify the timing. It’s never been an exact science… We seem to be on schedule with the plan outlined by Iraq; that indicated late November, early December and here we are.11-28-2017 Newshound Guru Breitling The Iraqi Dinar value doesn’t get lowered for no reason at all. There is very smart math and policies behind it. That’s why I support this investment so much. There is math and policy and very good reasons why the value is going to go up…So it’s a very very cool thing…Iraq is primed to revalue their currency. Their back is against the wall. I don’t want to say it’s a desperate thing, they want to revalue their currency.
11-28-2017 Newshound Guru MilitiaMan Article: "Rafidain calls on ministries and departments of the state to settle their salaries electronically" The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia. Not to mention the laundry list of completed items set out in the Iraq Marshal Plan. No need to go over all that now... But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq...This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner... imo.
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)
The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi
28 November 2017
The Council of Ministers held its regular session Tuesday, November 28, 2017 under the chairmanship of the Prime Minister Dr. Haider Abadi.
The session witnessed the vote on the candidates of embassies provided by the Ministry of Foreign Affairs and 28 candidates.
The Council discussed the proposals of the Federal Financial Control Bureau on the activation of control measures on public funds.
The Council of Ministers also approved the allocation of degrees to the Ministry of Higher Education and Scientific Research for a number of associates, including the first who were appointed in 2016.
Media Office of the Prime Minister
28 November 2017
***************
ARTICLE 1-B
URGENT Abadi declares border breakthrough not achieved a century ago
2017/11/28 18:53
[Ayna-Baghdad] "For 100 years, successive governments have not been able to reach the border fully with Syria," Prime Minister Haider al-Abadi said.
***************
ARTICLE 1-C
Urgent: Most of the displaced return to their liberated areas
2017/11/28 19:17
Abadi: Most of the displaced return to their liberated areas.
ARTICLE 2
Tweets from PM Abadi; posted 11-28-2017 around 4 pm:
Haider Al-Abadi Verified account
@HaiderAlAbadi
Despite all the challenges it has faced, Iraq has stood firm, and Iraqi society has survived. Iraq is witnessing a new birth today
Haider Al-Abadi Retweeted
PM Media Office Verified account
@IraqiPMO
Prime Minister Dr. Haidar al-Abadi: I promised to give the fighter the popular crowd as I gave to the soldier, and committed to this, and I want to pay the fighter's salary to the fighter himself and not to others.
Haider Al-Abadi Verified account
@HaiderAlAbadi
Replying to @HaiderAlAbadi
Some officials at one stage distributed generators and have quotas in them, and encourage the citizen to attack the government, and the citizen incites the government now are political parties, and they do not want the victories and good for the country and upset them and trying to break people's morale
Haider Al-Abadi Verified account
@HaiderAlAbadi
Why citizens pay civil generators so far, we want to provide electricity and do not need citizens to generators civil. I am with the citizen who objects to the lack of justice and bad distribution in electricity. We want to return the wealth to the low-income and the disadvantaged
Haider Al-Abadi Verified account
@HaiderAlAbadi
Replying to @HaiderAlAbadi
We want to create a balance between employees and private sector workers, and the country's wealth is for all citizens. We are moving towards investment and reconstruction and we are in the process of resolving many of the strategic projects and remove all obstacles to investment and the private sector to stimulate the economic sector in the country
Haider Al-Abadi Verified account
@HaiderAlAbadi
Replying to @HaiderAlAbadi
There are those who fought the social insurance law and wanted to stand against it, and these want to monopolize public money and others deprived and has no job and prevent the provision of jobs for the poor, some members of the House of Representatives and receive two or three law
Haider Al-Abadi Verified account
@HaiderAlAbadi
I accept the hands of the workers, without them nothing is built, and we must encourage them, and every honorable work is respectable to us. The goal of the Social Security Act is to provide a guarantee for workers, farmers and farmers, who make up a large proportion of society
Haider Al-Abadi Verified account
@HaiderAlAbadi
Weekly Press Conference of the Prime Minister Dr. Haider Abadi
*************
ARTICLE 3
Government of Iraq tweets; November 28, 2017, around 3:30 pm:
Government of Iraq Verified account
@IraqiGovt
Replying to @IraqiGovt
PM @HaiderAlAbadi: We are legislating to ensure that anyone who works in either the private or public sector is protected by a social security system
Government of Iraq Verified account
@IraqiGovt
PM @HaiderAlAbadi: We established the Higher Committee for Investment to oversee and support the growth of the private sector and attract domestic and international investment
Government of Iraq Verified account
@IraqiGovt
Replying to @IraqiGovt
PM @HaiderAlAbadi: I repeat my call to countries in the region to work together to defeat terrorism. Iraq is ready to share our experience in counter terrorism with other nations to help put an end to this threat
Government of Iraq Verified account
@IraqiGovt
Replying to @IraqiGovt
PM @HaiderAlAbadi: The terrorist attack in Egypt was a reminder that terrorism targets all of us. We need to unite to defeat it and its corrupt ideology
Government of Iraq Verified account
@IraqiGovt
Replying to @IraqiGovt
PM @HaiderAlAbadi: Restoring essential services in liberated areas: water, schools, electricity, health clinics so displaced people can safely return is a top priority for the @IraqiGovt
Government of Iraq Verified account
@IraqiGovt
Replying to @IraqiGovt
PM @HaiderAlAbadi: This is the first time since the establishment of the Iraqi state that we are securing the entire Syria Iraq border
*************
ARTICLE 4
Masoom discuss with Najirvan Barzani the situation of Kirkuk and start dialogue with Baghdad
2017/11/29 11:23
[Ayna-Baghdad]
The President of the Republic, Fuad Masoum, on Wednesday, with the President of the Kurdistan Regional Government, Nechirvan Barzani, and his deputy, Qubad Talabani, the situation in Kirkuk.
The President of the Government of the Territory, Nechirvan Barzani, today with his deputy Qubad Talabani, President Masoum, at his residence in Erbil, today, and held a meeting to discuss the situation in Kirkuk and start dialogue with the federal government.
After the meeting, Masoum will go to Salah al-Din Resort to meet with the President of the Kurdistan Democratic Party, Massoud Barzani.
It is noteworthy that the visit of infallible to the Kurdistan region began five days ago, where he held several meetings in Sulaymaniyah and Kirkuk, and arrived in Erbil on Tuesday, and met with a delegation from the Kurdistan Islamic Union.
*************
ARTICLE 5
Traffic announces the date of distribution of a new meal of vehicle numbers
2017/11/29 10:26
[Ayna-Baghdad]
The General Directorate of Traffic announced that it will start distributing a new meal of vehicle registration plates [figures] to its directorates in the provinces as of next Sunday.
Director of Media Directorate Brig. Gen. Ammar Walid said in a press statement that "the meal plates arrived last week to the Directorate."
He pointed out that "delayed arrival due to customs procedures and quality control."
Walid said that "Basra will have the largest share of those paintings as the second largest province in Iraq in terms of the number of vehicles."
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ARTICLE 6-A
URGENT Jubouri: Budget 2018 did not reach the parliament until the moment
2017/11/29 13:20 • 14 times read
[Ayna-Baghdad]
Speaker of the House of Representatives Salim al-Jubouri said that the bill of the financial budget for 2018 did not reach the government.
"The budget has not reached the House of Representatives until the moment," Jubouri said before parliament's session on Wednesday.
The cabinet discussed in the past two weeks the bill of the budget of 2018, and is scheduled to hand it last month to the parliament for discussion and approval under the Financial Management Law, but has not been so far.
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ARTICLE 6-B
Disclosure of the cause of the monopolization of the arrival of the budget to parliament
Baghdad - Iraq Press - November 29: The Finance Committee revealed the reasons for delayed arrival of the budget next year to the House of Representatives.
"The real reason for delaying the arrival of the budget law to the House of Representatives is the existence of hidden conditions for the World Bank," said committee member Rahim Darraji in a press statement. "The government is afraid of informing the people about it."
He added Daraji that "what was between the government and the World Bank is still hidden on the House of Representatives," likely that "the difficulty of those conditions led to delayed arrival of the budget so far."
On November 1, 2017, the local media circulated a draft federal budget law for Iraq for 2018, while the draft showed that the percentage of the governorates of Kurdistan reached 12.67%.
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ARTICLE 7
Joint operations announced completion of preparations for the liberation of the "Valley of Houran"
BAGHDAD - The Joint Operations Command announced preparations for the liberation of the Hawran Valley in the Western Desert from bandits.
"Our units have cleared 50 percent of Western Sahara with a total area of 29,000 square kilometers. The first page of the second phase of the clearance has been completed and the units will begin to clean up the rest of the desert areas, including the Horan Valley," spokesman Brigadier General Yehia Rasool said in a statement. "Adding that" the valley is deep and reaches the Syrian border and the task of liberating it includes the destruction of all oaks and caches in the desert and valleys to secure the western border of Iraq with Syria. "
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