Word on the Street Tuesday 12/12/17:
TNT CONFERENCE CALL MONDAY 12/11/17 DC NY CALL RECAP: Good afternoon TNT Superfantastic Family. Today is Marvelous Monday. I am here to talk about today's info however it is but impactful at least to me and to you maybe. Time will tell. We had an exciting weekend as we had expected on events and activities. The Celebration of Victory Week ends today. Celebrations are still going on today to our understanding even though Abadi has left town so to speak. One way we could look at this, if I wasn't going to make a big to do about something anyway and made sure it got done, then I could leave town and say it is taken care of. There was no big announcment sort of like what I might be doing with TNT, so I'll play the graduation music for me because the next TNT call could be a whole different Sheriff in charge to give you the information and wrapping it up, so that too remains to be seen as far as when, but I think it is appropriate to do my pomp and circumstance for you. What's left to be done publicly? Leveration was fully announced, release of Chapter 7 was announced. They even put out saying we are going on with the budget even though we hadn't agreed to vote on it yet. We are rolling it anyway. That was announced. What's left? A public release of a rate increase of the Iraqi Dinar. Then I think everything else will far right in line behind it. We had rates grayed out on the screens at and several banking institutions were reporting on it. It is grayed out under the expectation that the rates are changing. This was the Dinar, the Dong, the Rupiah, the ZIM, the Rupee, the Afghani, The Rial and all those we have interest in supposedly grayed out and expecting rate changes. Now the neat thing is some of them were expecting the rate changes to kick in Sunday evening.You were not supposed to know that part. We had to wait and see if it actually happened, but that is what they were looking forward to as far as our banking community over here. Now as far as Iraq, we are looking for information indicating rate changes over there.The neat thing some of them were expecting the rate changes to kick in Sunday evening. You weren't supposed to know that part, because we had to wait and see if it actually happened. That is what they are looking forward to as far as our banking community over here. Now as far as Iraq, we are looking for info indicating rate changes over there. CBI is now in charge saying hey guys you handle it. So they ae in anticipation after the speeches that a rate change across the water would kick in, and oh shucks this should be it. We don't have public information yet of a rate changing over there. I think that is enough to say right now. Lets see what questions are on the board. Q and A: Q: What can we do even if the rates are on the screens and I still can't find a bank to exchange at. You have to have an account for a bank to exchange the Dinar. What can we do? Ray: All we can do is Wait. I have 66 bank but I just don't like the rate. Q: This morning I saw the CBI site rate of 1.2 and another CBI site at 1184. Which site is correct. Ray: I don't know and we will have to investigate that link. Q: Last I heard is the Swift system is to take place on December 15 and Iraq has activated codes. Do you think a rate would have to be by that time? Ray: They have a real rate but it is one we don't like yet. Q: Any news out of the Mosque, any news on payroll rate changes for contractors yet. Does the new rate have to show in the Gazette? Ray: I don't have any updates today on that and the gazette. Callers: Caller: 865 Catnip: Abadi does seem to be a globetrotter these days and when he gets all through the Victory Day things heading to Paris and you had referenced in several of your comments looking for December 11, and of course he is over in Paris at this point and the Paris Agreement meeting is starting on the 12th, but if being proceeded on December 11 by Climate Finance Day 2017 and because he is with his peers there might be some sort of announcement over there and we will start seeing things later today, or are your folks even touching that one? Ray: So far no expectations of any further announcements or anything of significant impact. the belief everything that needed to be said was said on Saturday in one form or another. That is the belief and what is being communicated to me. No expectation of any big announcements. It's done. It's done and now he is handling other business. That is the perception I have at this moment. I could be wrong and he say I have a special announcement to make. Until it becomes fully pulic, there is no telling. Expectations that were given to me have been met and just didn't tell me at the time if it was going to be private or public. We have the expectation that everything is going to be fully public by today, and yet not everything is public here today yet. Caller : 507 will we still be receivng a notice of a rate change on TNT Showetime? Ray: Definately. I will tell it all out there and give you as much info as I can. Caller: Have you heard about someone out of Kuwait said that Iraq had deleted the zeroes? Ray: Based on the info of the deletion of the Zeros would have not impact on us, but in country it would have to be the revaluation in the country. I am not hearing about any rate changes in country. I have not heard that. If they deleted the zeroes, they would have to Revalue the currency. Caller: Heard the US was giving Iraq another $255 million dollar to rehabilitate Iraq, so it sounds like someone over there the US was committed to humanitarian assistance. If they are putting that out, what excuse will they have to delay this thing. Ray: I think some more info will come to you that will narrow your confusion. Caller: You brought up about tax on the currency on a previous call. There wasn't enough info then and do you have info no? Ray: The minute I know tax info I will tell you. Caller: As close as this is, is anyone reporting any loan consideration. personal request. Ray: I don't think so before the RV. Value will have to be established first.? Ray's Wrap Up: This is supposedly a fantastic week. Monday should have started off with a little different bang than it did start off based on the information. Earlier I said there was no emphasis placed on private vs public. Then you automatically assume everything is going to be public. Even with private things happening, that is a wheel turning forward. Even though we woke up this morning and didn't wake to a brand new rate on the IQD showing at the bank and rates being grayed out and whatever else you wanted to see Monday morning. That doesn't mean it is not right around the corner. All we can do it continue just a little bit longer and be ready. When the light turns green you need to be able to answer these 2 questions. Am I going down there right now, and why am I going down there right now, rather than wait a little bit and mosie on down and get a little. Some of you know what that refers to. But what do you believe? You heard a lot of info not just from me. What do you believe will bring you peace. I know what I believe and have a lot of peace and comfort for today going into the rest of this week. Lets see what happens between now and Wednesday. If there is a change of guard Merry Christmas to you. I enjoyed it. It has been a wonderful wonderful ride. Thank you to all that helped to get everything done to keep TNT going, info and training as we embark on this new journey and turn new directions. I am looking forward to it 100%. That is what I Believe! What do you Believe? Rayren98
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Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,166.5000 | 1,161.1000 | 1,161.1000 | | 07:10 |
| USD/VND | | | 22,675.5000 | 22,370.0000 | 22,402.0000 | | 07:10 |
| USD/CNY | | | 6.6233 | 6.6156 | 6.6165 | | 07:12 |
| USD/KWD | | | 0.3018 | 0.3011 | 0.3017 | | 05:52 |
| GBP/USD | | | 1.3377 | 1.3312 | 1.3344 | | 07:12 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,602.0000 | 13,541.0000 | 13,544.0000 | | 07:12 |
CNBC Link:
CNBC Morning Squawk Link:
No link on Sunday
DC NY Iraq Articles:dd
12/12/2017 12:00 AM
By its implementation of the provisions of Chapter VII
Baghdad / Hussein Thugb
The security victories are paralleled by a major economic victory: the entry into force of the provisions of Chapter VII, which has tied Iraq and its relations with the world for a long time. Iraq has been removed from the world for decades.
The economic expert in the name of Jamil Antoine stressed that "Iraq has become international confidence and freedom in financial transactions after the entry into force of the provisions of the seventh item in full, as all restrictions were lifted and the amounts were freed and became Iraqi banks free to deal and open documentary credits without intermediary".
Obligations
The Security Council passed its Resolution No. 2390 stating that Iraq is out of Chapter VII with its completion and all obligations related to oil for food and medicine. The Council unanimously adopted the draft resolution contained in document S 10132017, prepared by the United States in consultation with Iraq and the Member States. 2017). It is recommended to welcome the implementation of the arrangements between Iraq and the United Nations in accordance with resolution (1958) 2010 and to confirm the transfer of the remaining funds to the Government of Iraq under resolution 2335 (2016).
The Council concludes that the parties (Iraq and the United Nations) To fully implement the measures imposed in accordance with the provisions of the chapter VII under the above resolutions on oil for food and medicine.
Operations
"This decision gives the foreign and Iraqi investors free access to remittances, which in turn contributes to the revival of investment, pointing out that we are engaged in a large-scale reconstruction campaign involving large spending operations, and we must have a banking system that harmonizes and the volume of spending."
And demanded that the role of banks to become an investment and be dependent on the auction of currency secondary, especially that the international banks provide more than 120 services, and this requires us to get our products to large numbers fit the reality of the investor and that the central role of the pioneer in this process.
Trustful
"Iraq is now the focus of the outside world's confidence after the full implementation of the provisions of Chapter VII, and we must be as much as this responsibility, especially as Iraq is no longer a traditional country, but described as rich with natural and human resources, and so it takes Plans to improve the economic capabilities available in Iraq in different.
He pointed out that "the Iraqi banking system has successful experiences and has the expertise to qualify him to promote the banking sector and make it offers sophisticated products, especially that we have banks managed to achieve a breakthrough in their products, where they rely on banking tools and products to cover all the requirements and performance costs."
Central directives
Between Haider Kazem al-Baghdadi that "the large number of banking system would create a positive competition in performance leading to the development of products and bring advanced systems facilitate all banking operations, and the ability to compete with branches of the largest banks in the world, and here must be adhered to the directives of the Central Bank of Iraq urges To adopt new developments with the financial sector Global".
He pointed out that "the Iraqi banking system, which is the axis of economic activity in front of him the task of proving the existence, by providing the required services according to advanced systems, especially after the trend to the global banking sector more free and broke restrictions that restrict the movement of our banks previously, which makes us work on Create a banking sector developed".
d
By its implementation of the provisions of Chapter VII
Baghdad / Hussein Thugb
The security victories are paralleled by a major economic victory: the entry into force of the provisions of Chapter VII, which has tied Iraq and its relations with the world for a long time. Iraq has been removed from the world for decades.
The economic expert in the name of Jamil Antoine stressed that "Iraq has become international confidence and freedom in financial transactions after the entry into force of the provisions of the seventh item in full, as all restrictions were lifted and the amounts were freed and became Iraqi banks free to deal and open documentary credits without intermediary".
Obligations
The Security Council passed its Resolution No. 2390 stating that Iraq is out of Chapter VII with its completion and all obligations related to oil for food and medicine. The Council unanimously adopted the draft resolution contained in document S 10132017, prepared by the United States in consultation with Iraq and the Member States. 2017). It is recommended to welcome the implementation of the arrangements between Iraq and the United Nations in accordance with resolution (1958) 2010 and to confirm the transfer of the remaining funds to the Government of Iraq under resolution 2335 (2016).
The Council concludes that the parties (Iraq and the United Nations) To fully implement the measures imposed in accordance with the provisions of the chapter VII under the above resolutions on oil for food and medicine.
Operations
"This decision gives the foreign and Iraqi investors free access to remittances, which in turn contributes to the revival of investment, pointing out that we are engaged in a large-scale reconstruction campaign involving large spending operations, and we must have a banking system that harmonizes and the volume of spending."
And demanded that the role of banks to become an investment and be dependent on the auction of currency secondary, especially that the international banks provide more than 120 services, and this requires us to get our products to large numbers fit the reality of the investor and that the central role of the pioneer in this process.
Trustful
"Iraq is now the focus of the outside world's confidence after the full implementation of the provisions of Chapter VII, and we must be as much as this responsibility, especially as Iraq is no longer a traditional country, but described as rich with natural and human resources, and so it takes Plans to improve the economic capabilities available in Iraq in different.
He pointed out that "the Iraqi banking system has successful experiences and has the expertise to qualify him to promote the banking sector and make it offers sophisticated products, especially that we have banks managed to achieve a breakthrough in their products, where they rely on banking tools and products to cover all the requirements and performance costs."
Central directives
Between Haider Kazem al-Baghdadi that "the large number of banking system would create a positive competition in performance leading to the development of products and bring advanced systems facilitate all banking operations, and the ability to compete with branches of the largest banks in the world, and here must be adhered to the directives of the Central Bank of Iraq urges To adopt new developments with the financial sector Global".
He pointed out that "the Iraqi banking system, which is the axis of economic activity in front of him the task of proving the existence, by providing the required services according to advanced systems, especially after the trend to the global banking sector more free and broke restrictions that restrict the movement of our banks previously, which makes us work on Create a banking sector developed".
d
Al-Rafidain: Transfer customers money electronically whether they have a savings account or current
Baghdad - Journal News
Rafidain Bank decided on Tuesday to activate the transfer of customers' money electronically between its branches, whether they have a savings account or current.
The bank's information office said in a statement that it was decided for the first time to apply the system of electronic transfers, noting that the citizen can move his money in his account located in any branch and transfer it to another branch, whether in the branches of Baghdad or the provinces also provides this service to citizens wishing to transfer funds from the branch Rafidain Bank in any province to private banks. "
The statement said that "this step is achieved and accomplished on the same day without any hindrance or delay."
Dhi Qar calls for exempting farmers from rents of agricultural land due to water shortage
Editorial date:: 2017/12/12 13:41 • 8 times read
(Dhi Qar: Euphrates News) The head of the Water Crisis Cell, First Deputy Governor of Dhi Qar Adel Al-Dakhili, called on Tuesday for the rapid intervention to solve the problem of peasants and exempt them from meeting the annual rents of agricultural land as well as previous debts due to the current water shortage crisis and the inability to complete the agricultural plan.
"The province of Dhi Qar has left the agricultural process and is currently working on how to provide drinking water to the people because of the suspension of many water projects," he said in a press statement on the sidelines of the crisis cell meeting in the presence of the directors of the concerned departments in the governorate office.
He added that "most of the farmers have been affected by this crisis, which requires personal intervention of the Prime Minister in this aspect and find remedies to exempt farmers from financial obligations to the state to ease their burden after the agricultural plan affected this season." d
He added that "most of the farmers have been affected by this crisis, which requires personal intervention of the Prime Minister in this aspect and find remedies to exempt farmers from financial obligations to the state to ease their burden after the agricultural plan affected this season." d
Adjustment of agricultural loan transactions with more than one billion dinars allocated to deceased in Diyala
12-12-2017 12:43 PM
The Integrity Commission today revealed that it was able to control the transactions of agricultural loans disbursed in violation of the controls and instructions at the Agricultural Cooperative Bank - Muqdadiya branch in Diyala province, indicating that the seizure was carried out under a judicial arrest warrant.
The Department of Investigation in the Board referred to the details of the seizure process to the information that there were improperly disbursed agricultural loans in violation of the controls and instructions in the branch of the Agricultural Cooperative Bank in Muqdadiya, where loan transactions for deceased persons and others were disbursed and promoted without their knowledge.
The Department explained that the staff of the investigation office in the governorate managed to control 46 transactions for agricultural loans, which disbursed 1,130,000,000 billion dinars, pointing out that the preliminary investigations led to the existence of cases of disbursement contrary to the controls and instructions and false priorities and under bills (some empty and others with a thumbprint only, That its proceedings in the ongoing criminal case are continuing; in order to identify the names of the defaulters and to conduct a match with the borrowers.
The integrity commission warned in November of repeated irregularities in agricultural loan transactions, demanding the Ministry of Finance to put an end to the administrative and financial corruption in the transactions of granting agricultural loans in branches of the Agricultural Cooperative Bank.
Al-Issa directs the reduction of the parallel wages for the children of villages and displaced persons and those with limited income
Date of release: 2017/12/11 10:34 • 122 times scheduled
The Minister of Higher Education and Scientific Research, Abdul Razzaq Al-Issa, directed the reduction of tuition fees for students admitted to the special state education channel for the year 2017/2018 from the sons of villages and sub-regions and displaced families and those with limited income.
"The Minister of Higher Education and Scientific Research, Abdul Razzaq Al-Issa, has encouraged the outstanding students and authorized the university councils to reduce the tuition fees for students admitted to the government special education channel for the year 2017/2018, no more than 10," ministry spokesman Haider Al-Aboudi said in a press statement. % Of the students from the villages and sub-regions and displaced families and the children of employees from the limited income, as well as other humanitarian cases that require it.
He added that "the reduction of tuition fees will also be for students admitted within the special education channel of the special (morning) for the year 2017/2018, who have the highest rates."
He pointed out that "the reduction will be 25% of tuition fees for students within the highest 5% of students accepted and reduce 15% of tuition fees for students from the second highest 5% of students admitted."
He added that "the reduction will also be 10% of tuition fees for students within the third highest 5% of students admitted
"
He added that "the reduction of tuition fees will also be for students admitted within the special education channel of the special (morning) for the year 2017/2018, who have the highest rates."
He pointed out that "the reduction will be 25% of tuition fees for students within the highest 5% of students accepted and reduce 15% of tuition fees for students from the second highest 5% of students admitted."
He added that "the reduction will also be 10% of tuition fees for students within the third highest 5% of students admitted
Kurdistan parliament sets next Wednesday as the date for its meeting
Al-Quds Press / Salah Baban:
The head of the Patriotic Union of Kurdistan in the parliament of the region, Diller Mouti, said Monday that the third regular session of the Council will be held next Wednesday.
"The Council will hold its third regular session at 11 am on Wednesday," Mouti said.
On the agenda of the meeting, Mouti explained that "the presidency of parliament has not yet published the agenda, but it certainly does not free from addressing the law of amnesty in the region."
The head of the Patriotic Union of Kurdistan in the parliament of the region, Diller Mouti, said Monday that the third regular session of the Council will be held next Wednesday.
"The Council will hold its third regular session at 11 am on Wednesday," Mouti said.
On the agenda of the meeting, Mouti explained that "the presidency of parliament has not yet published the agenda, but it certainly does not free from addressing the law of amnesty in the region."
Kauaihn Iraq Articles:d
He added that "all victories would not have been without the sacrifices made by the Iraqis at all levels," noting that "Iraq regained its sovereignty and dignity and dignity and restore social cohesion among its members."
He pointed out that "dialogue can solve the problems between all Iraqi parties provided that it is under the roof of the Constitution and the law."
As for the upcoming elections, al-Hakim stressed that "they are held on schedule", the elections returned "the most important credibility of the democratic practice."
He called on the United Nations and the international community to "support Iraq in the reconstruction of the liberated areas and the areas of the liberated editor
Hakim discusses with Kubic the stage of Iraq's exit from the seventh item of the United Nations
Baghdad / Al-Ghad Press:
The head of the "wisdom" movement, Ammar al-Hakim during a meeting with the representative of the Secretary-General of the United Nations in Baghdad, Jan Kubic, on Tuesday, the stage of Iraq's exit from the seventh item of the United Nations.
Al-Hakim's press office received a copy of the news that the latter received at his office in Baghdad the representative of the UN Secretary-General in Baghdad, Jan Kubic, and discussed with him the developments of the security, military and political situation in Iraq and the victories achieved on the supporter of the terrorist and the exit of Iraq from Seventh item of the United Nations. "
The head of the "wisdom" movement, Ammar al-Hakim during a meeting with the representative of the Secretary-General of the United Nations in Baghdad, Jan Kubic, on Tuesday, the stage of Iraq's exit from the seventh item of the United Nations.
Al-Hakim's press office received a copy of the news that the latter received at his office in Baghdad the representative of the UN Secretary-General in Baghdad, Jan Kubic, and discussed with him the developments of the security, military and political situation in Iraq and the victories achieved on the supporter of the terrorist and the exit of Iraq from Seventh item of the United Nations. "
He added that "all victories would not have been without the sacrifices made by the Iraqis at all levels," noting that "Iraq regained its sovereignty and dignity and dignity and restore social cohesion among its members."
He pointed out that "dialogue can solve the problems between all Iraqi parties provided that it is under the roof of the Constitution and the law."
As for the upcoming elections, al-Hakim stressed that "they are held on schedule", the elections returned "the most important credibility of the democratic practice."
He called on the United Nations and the international community to "support Iraq in the reconstruction of the liberated areas and the areas of the liberated editor
Oil Minister calls for Algerian company to invest in Iraq
Baghdad - Journal News
Oil Minister Jabbar Ali Al-Laibi called Tuesday for the Algerian company Sonatrach to invest and work in the development of oil projects, describing the company's work as evolving.
Al-Luaibi said during his meeting with Algerian Oil Minister Mustafa Qitouni at his residence in Kuwait on the sidelines of OPEC meetings. "Sonatrach is one of the most prestigious companies with a good reputation and we invite them to work in Iraq, especially to develop and invest in the gas sector. Bilateral relations between the two countries, especially in the field of oil and energy. "
He discussed "the two sides, according to a statement of the Ministry of Oil, a number of issues of common concern."
For his part, Algerian Energy Minister stressed the need to expand prospects for joint cooperation along with the desire of his country's companies to implement oil projects in Iraq.
Algerian Oil Minister Mustapha Qitouni invited the oil minister to visit Algeria early next year with the aim of seeing and visiting some of the oil facilities.
Iraq is looking to strengthen cooperation with Japan in various fields
A part of the meeting between Abadi and the Japanese Foreign Minister on the sidelines of the Paris Climate Summit
12 December 2017 12:47 PM
The Iraqi prime minister and the Japanese foreign minister discussed bilateral cooperation in various fields, in addition to the situation in the region, according to a press statement by Prime Minister Haider al-Abadi.
It is noteworthy that Japan, signed with Iraq, last October, a soft loan agreement worth $ 502 million , directed to support the Iraqi budget and strengthen the financial situation , and cover the expenses of the general budget , in addition to supporting the Iraqi electricity sector.
In August, Iraq signed a $ 192 million Japanese loan agreement to rehabilitate a power station in the southern province of Basra, which was built by Mitsubishi Japan in 1979 .
Iraq has also appointed Japan's Toyo Engineering Works, which has been operating in Iraq since February 2012, to help the Iraqi Ministry of Oil build an Anababip gas pipeline heading to Kuwait and a petrochemical plant linked to it.
Iraq has secured loans of $ 2.85 billion (3.47 trillion dinars), including loans from the Japan Bank for International Cooperation (JBIC) of $ 80 million for projects of the Ministry of Electricity , And JICA $ 858 million, dedicated to eight different ministries
Aramco curbs crude exports to support prices
RIYADH: Saudi Aramco will cut its exports to its Asian customers starting in January to further contribute to rebalancing prices in oil markets, Saudi Arabia said yesterday.
"The company will maintain its export levels to the United States and Europe but will cut its exports to Asia by more than 100,000 barrels per day," a spokesman for the Energy Ministry said in a statement.
"We hope that our partners will do the same in order to reach a 100 percent commitment level in the agreement," he said.
An oil exporter familiar with Saudi export plans told Reuters Riyadh, the world's biggest crude exporter, plans to keep its oil exports in January at 6.9 million bpd as it expects strong demand growth.
The oil-producing countries within the Organization of Petroleum Exporting Countries (OPEC) and beyond agreed late last month to extend the production cut-off agreement for another nine months ending in 2019.
These countries reached an agreement a year earlier and decided then to cut production by 1.8 million barrels per day in an attempt to raise prices after the collapse in 2014.
The cut contributed to a rise in the price of oil for more than $ 60 and reduced stock levels.
Aramco will keep its supply levels next month at recent low levels. Sources in the sector confirmed that Saudi Arabia would supply the entire contracted quantities of five refineries in North Asia in January unchanged.
The Arabs of London
The European Union congratulates Iraq on the victory of a supporter and welcomes the campaign against corruption
Political
Since 2017-12-12 at 13:10 (Baghdad time)
Baghdad Mawazine News
On Tuesday, the European Union congratulated the Iraqi people on the victory of a preacher, welcoming the campaign of Prime Minister Haider Abadi against corruption. While stressing continued support for Iraq.
"We congratulate the people of Iraq and the Iraqi government on the victory against Da'ash, which opens the way for a brighter future for Iraq," the union said in a statement received by Mawazine News.
"The Prime Minister's statements that fighting corruption will be a continuation of the fight against the government's commitment and commitment to respect the rights of all Iraqis, men and women, regardless of their origin or religious identity, are also welcome despite the many challenges," the statement added.
"It supports the government to persevere on the path of reform and reconciliation because this is the only effective way to eliminate extremism and terrorism in the long run," the EU said.
He called on the Government of Iraq and the Kurdish Regional Government to "engage in a constructive dialogue on all unresolved issues based on the Constitution".
The European Union called for "continuing to support the Iraqi people and the Iraqi government to address the critical humanitarian challenges, stability, reform and reconciliation that will be faced in the coming years."
The Prime Minister and Commander-in-Chief of the Armed Forces Haider Abadi, Saturday, December 9, 2017, the final victory over the "dashing."
Kauaihn Economic Times:
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GLOBAL/NEWS/INFO
Stress test the world economy to nip future crises in the bud, says ex-Fed guru
The Telegraph
Gold edges up; looming US rate hike weighs on momentum
Gold prices ticked up amid a softer dollar on Monday.
Oil prices slip on signs of rising U.S. output
MarketWatch
Deutsche Bank Economist Says a Bitcoin Crash Would Endanger Global Markets
FORTUNE
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Mix-and-match health coverage can be a risky alternative to Obamacare
CNN Money
Brain Enhancing Drugs Are on the Horizon
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Asia set to open higher, and bitcoin futures get set for their big debut
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Bitcoin Futures Launch Stokes Fears of Problems
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Forex - Weekly Outlook: December 11 - 15
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New York Explosion Empties Port Authority and Subway Stations
The New York Times
Massive California wildfire now the fifth-largest in state's historyABC News
Emerging markets have grown up and 'deserve serious attention': Citi
CNBC
KSA to supply full January crude volumes to 5 Asian refiners
Mubasher
After Fall of ISIS, Iraq’s Second-Largest City Picks Up the Pieces
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'Fight For Rights Will Continue' In Zimbabwe, #ThisFlag Movement Pastor Vows
NPR
Robert Mugabe is gone as Zimbabwe's leader, but Evan Mawarire warns that abuses have yet to end. "The citizens of our nation are not enemies to our government," he says. "They should be listened to." Read the full story
UN chief on US Jersualem move, North Korea (full interview)CNN
GLOBAL/NEWS/INFO
Stress test the world economy to nip future crises in the bud, says ex-Fed guru
The Telegraph
The world’s central banks and financial authorities should club together to “stress test” the entire global economy in order to spot potential crises before they strike, a former top policymaker has proposed. Read the full story
Wall Street week ahead: Bitcoin mania, big Fed news and more
CNBC
Wall Street is watching bitcoin trading this week as futures trading, which allows bets against the cryptocurrency, began on Sunday evening. Plus, a Fed meeting and more. Read the full story
CNBC
Wall Street is watching bitcoin trading this week as futures trading, which allows bets against the cryptocurrency, began on Sunday evening. Plus, a Fed meeting and more. Read the full story
OIL/COMMODITIES/ENERGY
Gold edges up; looming US rate hike weighs on momentum
Gold prices ticked up amid a softer dollar on Monday.
Read more: https://www.cnbc.com/2017/12/
Gold Prices Edge Higher as FOMC Meeting Takes Center StageInvesting.com
Bloomberg
Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system. With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37 back in 2011. That may be Read the full story
Gold edged forward on Monday. Read the full story
Gold pauses selloff as dollar softens though pressure from stock, bitcoin gains persistsMarketWatch
Opinion | Gold's Time Is Nigh
Gold prices clawed up modestly Monday from the five-month lows hit Friday, helped by a weaker dollar. Read the full story
Bloomberg
Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system. With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37 back in 2011. That may be Read the full story
Oil prices gain as New York blast turns focus to political risk
Oil prices spiked higher on Monday after the New York City Police Department confirmed reports of an explosion in midtown Manhattan.MarketWatch
Oil prices fell Monday though traded mixed initially, after drilling activity increased for a third consecutive week. Read the full story
Industry raises red flag over imminent oil crisis
Dawn
Rubber farmers are getting slammed by low prices — but one company wants to fix that
Natural rubber prices are hovering near record lows but Singapore-headquartered Halcyon Agri is looking to rectify that.
Read more: https://www.cnbc.com/2017/12/
Dawn
ISLAMABAD: The oil industry has raised the red flag over imminent closure of local refineries and related inability of the oil companies to provide enough fuels for smooth operations of aviation and security aircraft. In an “SOS-Rush to Desk” to the petroleum division, the Oil Companies Advisory Council (OCAC) — an umbrella body of around three dozen refineries and oil marketing companies — said the refineries had been forced to continuously scale down production now reaching a point of a Read the full story
Natural rubber prices are hovering near record lows but Singapore-headquartered Halcyon Agri is looking to rectify that.
Read more: https://www.cnbc.com/2017/12/
BANKS/BANKING/CREDIT
Deutsche Bank Economist Says a Bitcoin Crash Would Endanger Global Markets
FORTUNE
An economist at Deutsche Bank thinks a crash in the price of bitcoin will be among the top risks to broader markets in 2018. Torsten Slok, Deutsche’s Bank’s Chief International Economist, recently sent clients a list of 30 market risks which could impact growth next year. The list, shared with outlets including Bloomberg, ranks a bitcoin crash as the 13th-highest risk, behind various central banking challenges and overvaluation of U.S. equities. It’s not hard to argue bitcoin is in a hype-fueled Read the full story
New Zealand's central bank just got a new governor
Adrian Orr, currently serving as the deputy governor of the RBNZ, will takeover as governor on March 27, 2018.
Citigroup's investment bankers are challenging Wall Street's best — and they may be on the verge of a breakthrough
Business Insider UK
Adrian Orr, currently serving as the deputy governor of the RBNZ, will takeover as governor on March 27, 2018.
Read more: https://www.cnbc.com/2017/12/
Business Insider UK
Citigroup's investment bank has ambitions to compete for the top spots in the league tables. The bank has been mid-tier since the financial crisis, but recent improvements in mergers and acquisitions and equity-capital markets suggest the bank may be on the verge of a breakthrough. The bank may be firing on all cylinders, but industry analysts and top executives say Citi still has work to do to climb the final few rungs. "It continues to be a very, very competitive landscape, so we take nothing Read the full story
The decline of the Swiss private bankSWI swissinfo.ch
5 Big Advantages of Blockchain, and 1 Reason to Be Very Worried
The Motley Fool
Warba Bank inks $400m murabaha deal with GCC banksMubasher
EU tells Netanyahu it rejects Trump's Jerusalem move
Reuters
Iran's foreign minister warns Europe away from 'unreliability' of the U.S.
POLITICO
Laurent Gagnebin does not fit the traditional image of a Swiss private banker. Fifteen years ago, he worked as a manager at a luxury hotel in Gstaad. Now he is putting his hospitality skills to work as head of Rothschild’s Swiss private bank. “We had a Swiss client who needed a lawyer in Tehran urgently. Within an hour, we had enlisted the help of a colleague in Dubai who was able to recommend one he knew well,” Gagnebin recalls at Rothschild’s sleek offices in a smart Zurich suburb. “Being a Read the full story
The Motley Fool
Blockchain technology might be the future, but it carries a major intermediate-term risk. Read the full story
Mubasher: Warba Bank has signed a murabaha agreement to obtain a finance worth $400 million ($120 million) for three years. The credit facilities pledged to Warba Bank was offered by 15 banks in the Middle East and North Africa (MENA) region, … Read the full story
Reuters
Prime Minister Benjamin Netanyahu took his case to Europe to ask allies to join the United States in recognizing Jerusalem as Israel's capital, but was met by a firm rebuff from EU foreign ministers who saw the move as a blow against the peace process. Read the full story
POLITICO
“Our main concern now is cautioning European countries against wavering on issues beyond the scope of the nuclear agreement. Read the full story
Sudan: Banks to Freeze Assets of Currency Dealers
AllAfrica
Khartoum The Central Bank of Sudan ordered banks to freeze the assets of dozens of Sudanese people and companies. The State Security Prosecution charged them for trading currencies, against the Central Bank's instructions. According to the order all the money of the accused has to be seized, in addition to the suspension and freezing of all their transactions in foreign currency in all banks operating in Sudan. The list of persons with frozen stocks includes traders who live abroad. The Central Read the full story
AllAfrica
Khartoum The Central Bank of Sudan ordered banks to freeze the assets of dozens of Sudanese people and companies. The State Security Prosecution charged them for trading currencies, against the Central Bank's instructions. According to the order all the money of the accused has to be seized, in addition to the suspension and freezing of all their transactions in foreign currency in all banks operating in Sudan. The list of persons with frozen stocks includes traders who live abroad. The Central Read the full story
TREASURIES/BONDS/STOCKS
Five economic signs that can tell us if the bubble will burst next yearThe Independent
It is interest-rate week. The Federal Reserve will almost certainly increase US rates again, the last rise with Janet Yellen as the Fed chair. So as usual we should look not just to the increase and the market reaction to it, but in addition to any associated hints as to further cuts in the new year. Read the full story
Bitcoin launching on futures market
PBS NewsHour
US Treasurys higher ahead of JOLTS, auctions news
US government debt prices edged higher Monday, as investors anticipated the latest JOLTS data, ahead of an important US central bank meeting due this week.
How many Americans call not investing in the market their No. 1 money regret
The stock market has been on a tear lately, but only some American families benefit.
Here's a super-quick guide to what traders are talking about right now
Business Insider
PBS NewsHour
A new chapter for cryptocurrencies begins Sunday night as bitcoin, the most mainstream digital asset, launches on futures markets. The milestone will open up the market, allowing investors to bet against the currency without actually owning it. Author Nolan Bauerle at the news site CoinDesk joins Hari Sreenivasan for more. Read the full story
US government debt prices edged higher Monday, as investors anticipated the latest JOLTS data, ahead of an important US central bank meeting due this week.
The stock market has been on a tear lately, but only some American families benefit.
Business Insider
Traders work on the floor of the NYSE Thomson Reuters Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets. US stocks are trading higher on Monday. The VIX is higher after an explosion was reported in New York City. Bitcoin leaps as futures started trading got underway on Sunday. Here's Lutz: Morning, and Happy Central Bank Week! US Futures are tracking slightly higher, as Tech is outperforming again. Hedging early, as VIX is up 2.4%, trying to get back near 10. Mostly a Read the full story
Top 5 Things to Know in the Market on MondayInvesting.com
© Reuters. Top 5 things to know today in financial markets Read the full story
Dow, S&P 500 eye attempt on fresh records as traders gear up for Fed hike
MarketWatch
MarketWatch
Stock futures are moving up modestly on Monday, and there may just be enough momentum to push major indexes to fresh records, as investors get ready for a Fed meeting later this week. Read the full story
Treasury yields lower ahead of key bond auction, Fed meeting
MarketWatch
Treasury yields were lower on Monday ahead of an important debt auction and a midweek Federal Reserve meeting that could hold clues on where interest rates go from here. Read the full story
MarketWatch
Treasury yields were lower on Monday ahead of an important debt auction and a midweek Federal Reserve meeting that could hold clues on where interest rates go from here. Read the full story
Mix-and-match health coverage can be a risky alternative to Obamacare
CNN Money
As open enrollment season moves into its final weeks, some consumers looking for lower-cost alternatives are considering a patchwork approach to health insurance. The products may secure some basic protection but leave patients on the hook for high medical bills. Read the full story
Big Think
This discovery may also help us develop novel drugs for Alzheimer’s, schizophrenia, and ADHD. Read More Read the full story
More Than 1 in 4 Americans Postpone Medical Treatment Because of the Expense
Washington Free Beacon
Price hikes push health insurance shoppers into hard choices
ABC News
Public input sessions draw support for health care waiver plan
The Spokesman-Review
If you go: Idaho health coverage gap, public sessions Public information session When: Monday, from 5:30 p.m. to 6:30 p.m. Where: Kootenai Health Resource Center, Fox Auditorium, 2003 Kootenai Health Way in Coeur d’Alene. Formal public comment session When: Tuesday, from 10 a.m. to noon. Where: Idaho Department of Health and Welfare Region 1 office, 1120 Ironwood Drive in Coeur d’Alene. Public comments also may be submitted online or by mail; they can be emailed to CMNwaiver@dhw.idaho.gov, or Read the full story
Washington Free Beacon
More than one in four Americans, or 29 percent, hold off seeking medical treatment because of the cost, according to a poll from Gallup. Read the full story
ABC News
Some health insurance shoppers who make too much to receive income-based help paying their bill are struggling to stay insured heading into next year Read the full story
The Spokesman-Review
If you go: Idaho health coverage gap, public sessions Public information session When: Monday, from 5:30 p.m. to 6:30 p.m. Where: Kootenai Health Resource Center, Fox Auditorium, 2003 Kootenai Health Way in Coeur d’Alene. Formal public comment session When: Tuesday, from 10 a.m. to noon. Where: Idaho Department of Health and Welfare Region 1 office, 1120 Ironwood Drive in Coeur d’Alene. Public comments also may be submitted online or by mail; they can be emailed to CMNwaiver@dhw.idaho.gov, or Read the full story
CRYPTO'S / DIGITAL CURRENCY
Asia set to open higher, and bitcoin futures get set for their big debut
CNBC
Markets in Australia and Japan were set to open higher while the U.S. dollar rose significantly against a basket of currencies. Read the full story
Trader of the new bitcoin futures on the gain at the start: 'Just figuring out its sea legs'
CNBC
CNBC
CNBC's Bob Pisani gets insight from traders in the new bitcoin futures. Read the full story
Bitcoin Futures Launch Stokes Fears of Problems
The Wall Street Journal
Bitcoin fans are cheering the imminent launch of futures on the digital currency. But critics say the new market could be roiled by hacks, technical snafus or manipulation schemes. Read the full story
Bitcoin futures surge past $18,000, while the cryptocurrency itself rises toward $17,000
MarketWatch
MarketWatch
As U.S. bitcoin futures soar in their debut on Monday, the price of the cryptocurrency itself surges back toward a big level it touched late last week. Read the full story
Bitcoin shorts face massive losses if Winklevoss’s call hits the mark
MarketWatch
MarketWatch
If you’re waiting for bitcoin to stop stealing the financial headlines, keep waiting. Now that the cryptocurrency has taken another step into the mainstream with the CBOE offering bitcoin futures trading, the buzz is only poised to keep building. Read the full story
As bitcoin soars, warnings of a bubble proliferateABC News
Leading financial executives and economists have been saying that the price of bitcoin has been in a speculative bubble that's ready to burst any time, and yet people keep buying it Read the full story
Tell us what you think: How will the launch of bitcoin futures affect the cryptocurrency?
In this week's Trader Poll, we want to know what sort of impact bitcoin futures will have on the cryptocurrency.
Read more: https://www.cnbc.com/2017/12/
In this week's Trader Poll, we want to know what sort of impact bitcoin futures will have on the cryptocurrency.
Read more: https://www.cnbc.com/2017/12/
CURRENCIES
The dollar’s days as the world’s most important currency are numbered
Quartz
Quartz
For at least 70 years, the US dollar has been the world’s dominant currency. Central banks around the world hold a large portion of their… Read the full story
Traders are starting to question whether the US dollar will continue to rallyBusiness Insider
Mads Ostberg of Norway and Ola Floene of Norway compete in their M-Sport WRT Ford Fiesta RS WRC during Day One of the WRC Poland on July 1, 2016 in Mikolajki, Poland. Currency speculators sold the US dollar ahead of last Friday's US non-farm payrolls report. Traders are still long commodity currencies, but are betting against the Japanese yen and Swiss franc. This weeks US FOMC interest rate decision and CPI report will likely determine whether US dollar selling will persist. Currency traders, Read the full story
Forex - Weekly Outlook: December 11 - 15
Investing.com
© Reuters. Dollar trims gains as U.S. wage growh remains subdued despite strong jobs growth Read the full story
Dollar gives up some gains at start of a packed week for central banks
MarketWatch
MarketWatch
The U.S. dollar edged back Monday following the gauge’s best performance since late October last week. The pound continued to struggle, while the kiwi rallied as a new central bank chief was named in New Zealand. Read the full story
Dollar snaps 5-day rising streak before Fed meeting; Swedish crown dives
The dollar index edged lower on Monday, snapping a five-day rising streak as investors took profits before a U.S. central bank meeting this week.
Forex - Dollar Dips, Bitcoin Jumps as Futures Start TradingInvesting.comThe dollar index edged lower on Monday, snapping a five-day rising streak as investors took profits before a U.S. central bank meeting this week.
© Reuters. Dollar dips, bitcoin jumps as futures start trading Read the full story
Pound v US dollar: GBP volatility continues as Brexit dominates currency marketsExpress
AFTER trading in a wide range at the end of last week’s session, the volatility in the pound US dollar exchange rate is persisting today. The pound is currently trading around $1.333 against the US dollar, almost flat from this week’s starting levels but notably down from a high of $1.342 earlier this morning. Sterling movement continues to be driven by Brexit sentiment at the start of this week, with the UK currency fluctuating following clashes between David Davis and the Irish government. Read the full story
Buy Sterling on a 'Brexit Breakthrough'? Not Yet, Say Investors
The Epoch Times
Pound V euro: GBP remains as investors remain focused on Brexit update
Express
The Epoch Times
Even assuming a successful negotiation in Brexit talks, the sterling has considerable headwinds against its two major rivals, the U.S. dollar and the euro. LONDON—Sterling investors remain hesitant about chasing the rallying pound higher, even as the British government says it is close to an agreement with the European Union on how to move Brexit talks on to trade next year. British hopes of securing a deal with the European Union were dashed on Dec. 4 by Prime Minister Theresa May’s kingmakers Read the full story
Pound V euro: GBP remains as investors remain focused on Brexit update
Express
THE pound has slipped against the euro today, taking the interbank exchange rate to a low of €1.133. This is a step down from last week’s GBP/EUR high of €1.149. With no influential domestic data driving movement this morning, investors instead remain focused on the latest Brexit updates. Last Friday it was announced that the UK and EU had finally managed to reach a deal on the first stage of negotiations, although concerns that trade talks would still be delayed sent Sterling lower. Read the full story
Australian dollar falls - Inside RetailInside Retail
Rupee strengthens marginally against US dollarLivemint
Aussie dollar slips against US counterpart on strong jobs data. Read the full story
Mumbai: The Indian rupee on Monday was trading marginally higher against the US dollar, tracking gains in the local equity and Asian currencies markets. Read the full story
Forex - PBOC Sets Yuan Parity At 6.6152 DollarInvesting.com
© Reuters. Yuan parity Read the full story
© Reuters. Yuan parity Read the full story
USA/CANADA
Business confidence on Main Street is not rising, despite the prospect of tax reform
Small-business confidence in the fourth quarter didn't rise despite the prospect of tax reform, the latest CNBC/SurveyMonkey Small Business Survey reveals.
Read more: https://www.cnbc.com/2017/12/
The New York Times
The Police Department said one injured person was in custody, and no other injuries were reported. Read the full story
The Thomas fire has destroyed 790 structures and damaged about 190 others. Read the full story
New evacuations as huge Southern California fire flares upFox News
A major flare-up on the western edge of Southern California's largest and most destructive wildfire has sent residents fleeing as flames churned through canyons and down hillsides toward coastal towns. Read the full story
A major flare-up on the western edge of Southern California's largest and most destructive wildfire has sent residents fleeing as flames churned through canyons and down hillsides toward coastal towns. Read the full story
EMERGING MARKETS
Emerging markets have grown up and 'deserve serious attention': Citi
CNBC
Emerging markets (EM) are no longer the new kids on the investor block and are showing signs of "maturing", Citi's top global political analyst said. Read the full story
Dollar weakness, China resilience, global growth will drive EM currencies in 2018
MarketWatch
Emerging markets as an asset class are expected to have a good 2018 thanks to the pick up in global growth, a resilient if slowing Chinese economy and a weaker U.S. dollar. Read the full story
MarketWatch
Emerging markets as an asset class are expected to have a good 2018 thanks to the pick up in global growth, a resilient if slowing Chinese economy and a weaker U.S. dollar. Read the full story
MIDDLE EAST
KSA to supply full January crude volumes to 5 Asian refiners
Mubasher
Riyadh – Mubasher: Saudi Arabia will supply full contractual crude volumes to five North Asian refiners in January, informed sources said on Monday. At least one North Asian refinery company had not received its monthly crude volumes yet, Reuters … Read the full story
The New York Times
The battle to drive the Islamic State out of Mosul left much of the city in ruins. Now, residents are pulling together to rebuild. Read the full story
Israel is making a strong play for Africa—but it’s about more than just geopolitics
Quartz
Quartz
In early December, Israel’s prime minister Benjamin Netanyahu signed an agreement with the United States to increase energy access in Africa and to reduce the… Read the full story
AFRICA
'Fight For Rights Will Continue' In Zimbabwe, #ThisFlag Movement Pastor Vows
NPR
Robert Mugabe is gone as Zimbabwe's leader, but Evan Mawarire warns that abuses have yet to end. "The citizens of our nation are not enemies to our government," he says. "They should be listened to." Read the full story
‘No quick fix to cash shortages’
Finance and Economic Planning Minister Patrick Chinamasa, on Friday said the prevailing cash shortages will not disappear “overnight”, and urged people to be patient as Government starts implementing measures to address the shortage of banknotes.
http://www.herald.co.zw/no-
South Africa: Zimbabwean Permit Applicants Fret At Closure of SA Bank
AllAfrica
AllAfrica
Editor AFTER some torturous months of uncertainty surrounding their stay in South Africa as their permits neared expiry, thousands of Zimbabwean nationals in the country are now contending with threats by local banks to freeze their accounts by end of the month when the permits elapse. Some 250 000 holders of the Zimbabwean Special Dispensation Permit (ZSP), who are among millions that have fled economic and political crises to the neighbouring South Africa, are in panic mode as none of the new Read the full story
South Africa has a reading crisis: why, and what can be done about iteNCA.com
Learners are not taught to understand the written word and make sense of it for themselves. By PETER RULE. Read the full story
How Tanzanian tourism can reach its peak
CNN
East Africa's highest mountain, Mount Kilimanjaro, has capacity to contribute a lot more to Tanzania's tourism industry Read the full story
Cash amnesty gazetted thank you bewdahCNN
East Africa's highest mountain, Mount Kilimanjaro, has capacity to contribute a lot more to Tanzania's tourism industry Read the full story
ASIA
UN chief on US Jersualem move, North Korea (full interview)CNN
UN Secretary-General Antonio Guterres talks to CNN's Fareed Zakaria about President Trump's decision to recognize Jerusalem as Israel's capital, Trump's "America First" agenda and the rising tensions with North Korea. Read the full story
Why the overwhelming majority of North Korean defectors are women
USA TODAY
Hong Kong homes to become even more expensive in 2018, deepening the affordability crisis, analysts say
South China Morning Post
USA TODAY
Women make up the overwhelming majority of people who defect from North Korea, and the numbers are growing in recent years. Read the full story
China's still in a bull market despite investor concerns, analyst says
Chinese stock markets are seeing cause for some optimism despite recent stumbles.
Asian Shares Gain On Lead From Wall Street Last WeekInvesting.com
Chinese stock markets are seeing cause for some optimism despite recent stumbles.
© Reuters. Asian shares gain Read the full story
Asia-Pacific Stocks: Japan’s Nikkei Hits Fresh 25-Year High, China/HK Rallies, Australia Edges UpBarron's
Asia Stocks to Watch Asia-Pacific stocks were mostly higher on Monday lifted by a buoyant end to last week for U.S. markets after better-than-expected payroll data, with Chinese and Japanese stocks leading the gains. Hong Kong's benchmark Hang Seng Index closed 1.1% higher. Macau's casino stocks were among the best performers after Credit Suisse upgraded Wynn Macau, Sands China and MGM China to outperform as the broker expects a 23-25% growth in overall gross gaming revenue this month, while Read the full story
Asia Stocks to Watch Asia-Pacific stocks were mostly higher on Monday lifted by a buoyant end to last week for U.S. markets after better-than-expected payroll data, with Chinese and Japanese stocks leading the gains. Hong Kong's benchmark Hang Seng Index closed 1.1% higher. Macau's casino stocks were among the best performers after Credit Suisse upgraded Wynn Macau, Sands China and MGM China to outperform as the broker expects a 23-25% growth in overall gross gaming revenue this month, while Read the full story
Chinese drone maker wants to fly people around, and it says it will turn a profit in two years
EHang's CEO and co-founder told CNBC the company is diversifying into new areas that can use drones and plans to be profitable in two years.
Read more: https://www.cnbc.com/2017/12/
South China Morning Post
Aspiring homebuyers to face deepening affordability crisis, as experts forecast broad market gains of 10pc to 20pc next year Read the full story
Can China contain Bitcoin?
MIT Technology Review
MIT Technology Review
It was only a matter of time before Bobby Lee, CEO of China’s longest-running Bitcoin exchange, found himself in the crosshairs of Chinese regulators. His exchange, BTCC, had occupied a gray area of Chinese law, neither licensed nor explicitly illegal. Bitcoin is a decentralized digital currency that can be sent electronically around the world, and its growing popularity made Chinese authorities nervous. In 2016, most Bitcoin trades worldwide were in Chinese yuan. In January 2017, BTCC was Read the full story
Token sellers beware: it’s a legal minefield out there
South China Morning Post
South China Morning Post
Token sales have raised over US$3 billion this year, and regulators around the world are getting concerned – but their different approaches are causing confusion, say analysts Read the full story
Gold Prices Dip in Asia With Fed Language Seen Crucial For DirectionInvesting.com
Gold dips in Asia Read the full story
Gold dips in Asia Read the full story
EUROPE
UK policy of deporting homeless EU citizens could be illegal, European Commission suggestsThe Independent
EU member states have no right to deport EU citizens for being homeless, the European Commission has said, raising urgent questions about the legality of Home Office policy of removing European rough sleepers from the UK. Read the full story
Britain's May hails new optimism in Brexit talks after deal
Reuters
Prime Minister Theresa May will hail "a new sense of optimism" in Brexit talks on Monday, telling parliament Britain and the European Union should sign off on a deal at a summit this week "to move forwards together" to discuss future trade ties. Read the full story
2017 set to be worst year for UK consumer spending since 2012, Visa says
The Independent
The Independent
UK consumer spending declined for a third consecutive month in November, putting 2017 on track to be the worst year for expenditure since 2012, new data reveals. Read the full story
European markets fluctuate ahead of central bank meetings; Steinhoff jumps 21%
European stocks were mixed on Monday as investors digested market news, ahead of two key monetary policy meetings scheduled this week.
European finance ministers call for US tax reform rethink
The finance ministers of Britain, France, Germany, Italy, and Spain say US tax reform could contravene WTO rules.
Read more: https://www.cnbc.com/2017/12/
We're still preparing for NO deal scenario!' Tory reveals hard-Brexit still ON TABLE
Express
Express
TORY BREXITEER John Redwood said the Government is still preparing for a no deal Brexit scenario and to trade under World Trade Organisation terms. Tory MP John Redwood told Channel 4 a no-deal scenario for Brexit is still on the table and that “the Government is very wisely carrying on preparing for leaving and trading under WTO terms, which we know all about because that’s what we do with the rest of the world at the moment.” Read the full story
Stocks - European Stocks Edge Higher as Banks GainInvesting.com
© Reuters. European stocks edge higher as banks gain Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for tuesday 12/12/17 did update on the indicative rates Sell Rate 1184
The currency auction is 161,094,037
There is one news and announcements for Tuesday 12/12/17
1. Third Annual Iraqi Central Bank Conference
In the midst of the celebrations of the proud Iraqis declare victory over the bats of darkness and strengthThe Iraqi Central Bank concluded its third annual scientific conference held under the title "The Role of the Central Bank in the Achievement of the Central Bank of Iraq." Financial and economic stability "in the capital Baghdad for the period 9-10 December 2017, with an important Arab and international presence, as well as the wide participation of scholars and specialists who played an active role in achieving the objectives of the conference and enriching it with ideas that contribute to the formulation of strategies Is working to achieve sustainable financial and economic stability in Iraq.
The President of the Palestinian Monetary Authority and his accompanying delegation, as well as the Deputy Governor of the Central Bank of Kuwait, as well as representatives of the Union of Arab Banks, the Deputy Minister of Finance and Advisor to the Prime Minister for Economic Affairs and the financial committees and the economy in the House of Representatives and government and private banks operating in Iraq and financial companies world and Arab and local.
The conference was attended by the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, the President of the Republic, Mr. Hussein Al Hindawi, the President of the Republic, the Chairman of the Finance Committee, Dr. Mohammad Tamim, and the Chairman of the Committee on Economy and Investment, Mr. Ahmad Kanani.
The conference was moderated by four sessions attended by a group of Iraqi and Arab financial and economic leaders, which included discussing the financial and economic reality in Iraq.
In the midst of the celebrations of the proud Iraqis declare victory over the bats of darkness and strengthThe Iraqi Central Bank concluded its third annual scientific conference held under the title "The Role of the Central Bank in the Achievement of the Central Bank of Iraq." Financial and economic stability "in the capital Baghdad for the period 9-10 December 2017, with an important Arab and international presence, as well as the wide participation of scholars and specialists who played an active role in achieving the objectives of the conference and enriching it with ideas that contribute to the formulation of strategies Is working to achieve sustainable financial and economic stability in Iraq.
The President of the Palestinian Monetary Authority and his accompanying delegation, as well as the Deputy Governor of the Central Bank of Kuwait, as well as representatives of the Union of Arab Banks, the Deputy Minister of Finance and Advisor to the Prime Minister for Economic Affairs and the financial committees and the economy in the House of Representatives and government and private banks operating in Iraq and financial companies world and Arab and local.
The conference was attended by the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, the President of the Republic, Mr. Hussein Al Hindawi, the President of the Republic, the Chairman of the Finance Committee, Dr. Mohammad Tamim, and the Chairman of the Committee on Economy and Investment, Mr. Ahmad Kanani.
The conference was moderated by four sessions attended by a group of Iraqi and Arab financial and economic leaders, which included discussing the financial and economic reality in Iraq.
ISX Update:
Value Traded
4,593,266,670
Shares Traded
6,582,475,541
ISX ended in Green
Kauaihn Chatter:
d
12-12-2017 Intel Guru RayRen98 [Didn’t Abadi say that ‘economic reforms will be complete within 24 hours’?] No, he did not say that. But just because we don’t know what’s going on, it doesn’t mean the Iraqis don’t know what’s going on. Apparently it doesn’t have to be on the CBI site for them to be enjoying a new rate, according to intel I’m receiving. They’ve made all the international references they can make, and now Abadi is moving on to the next piece of business. To me, it all says “no more excuses”. There is intel that I cannot share, but it indicates a few more hours or days, maybe by Wednesday.
12-11-2017 Newshound Guru mike Article: "The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank" My mind drifts back to Dr. Shabibi, now there was a guy who didn't take orders from the GOI and did what was best for Iraq's monetary policy. He was independent and educated in oil based economies. Keywords is none of those things and so far, we're stuck in a rut. I have no confidence in this guy anymore and if he can't get it done, I'd rather start with a new Governor than sit, wait and hope that Keywords will finally move the ball past the goal line. I just don't think he'll do it.
12-11-2017 Intel Guru RayRen98 We had an exciting weekend of celebrations and other activities. Victory Week ends today, although Abadi has already left town, as it were. If I knew things were taken care of, I’d just leave town. Liberation was announced, and Chapter 7, and the Budget, even though Parliament hasn’t voted on it. The only thing still to be announced is the official new rate of the Iraqi dinar. All the currencies we’re interested in have been greyed out on the bank screens, expecting rate changes. Some expected those changes to kick on Sunday evening…that’s in US banks. Over there, the CBI is now in charge, so we anticipate a rate change after the speeches both there and here. This should be it! We don’t have public information of a rate change over there, yet; however… Still the wheel turning forward as far as I'm concerned. Did not wake up this morning to a whole new rate on the IWD at the banks or the rates not being grayed out but that does not mean its not right around the corner. Let's see what happens between now and Wednesday.
12-11-2017 Intel Guru RayRen98 We had an exciting weekend of celebrations and other activities. Victory Week ends today, although Abadi has already left town, as it were. If I knew things were taken care of, I’d just leave town. Liberation was announced, and Chapter 7, and the Budget, even though Parliament hasn’t voted on it. The only thing still to be announced is the official new rate of the Iraqi dinar. All the currencies we’re interested in have been greyed out on the bank screens, expecting rate changes. Some expected those changes to kick on Sunday evening…that’s in US banks. Over there, the CBI is now in charge, so we anticipate a rate change after the speeches both there and here. This should be it! We don’t have public information of a rate change over there, yet; however… Still the wheel turning forward as far as I'm concerned. Did not wake up this morning to a whole new rate on the IWD at the banks or the rates not being grayed out but that does not mean its not right around the corner. Let's see what happens between now and Wednesday.
12-11-2017 Newshound/Intel Guru Mnt Goat ...the security part is taken care of...the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. [post 3 of 3]
12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime?Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]
12-11-2017 Intel Guru ADMINBILL CLOSER THAN EVER BEFORE. THE RECENT PUBLIC ANNOUNCEMENTS OF STEPS ALREADY COMPLETED IS MOMENTOUS AS WE TRACK THE PROGRESS OF THE PROGRESS TO COMPLETION.
12-11-2017 Newshound Guru MilitiaMan "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods." [post 2 of 2]
12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ [post 1 of 2....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime?Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]
12-11-2017 Intel Guru ADMINBILL CLOSER THAN EVER BEFORE. THE RECENT PUBLIC ANNOUNCEMENTS OF STEPS ALREADY COMPLETED IS MOMENTOUS AS WE TRACK THE PROGRESS OF THE PROGRESS TO COMPLETION.
12-11-2017 Newshound Guru MilitiaMan "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods." [post 2 of 2]
12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Dinar Chronicles
The SEC just issued a warning to cryptocurrency investors
https://search.app.goo.gl/Adzt
https://search.app.goo.gl/Adzt
Catnip:
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ARTICLE 1-A (from PM Abadi's website; posted on bot Arabic and English sides)
December 11, 2017
Prime Minister Dr. Haider Abadi heads to Paris to head a government delegation to attend the Paris Climate Summit
Prime Minister Dr. Haider Abadi on Monday headed to Paris to head a government delegation to attend the Paris Climate Summit on climate and its impact on economic and environmental sectors.
Iraq will present its vision in this area and the document it presented so as not to affect its economically and environmentally important sectors that have a direct impact on the lives of citizens and the food and water security of Iraq and the sectors of water, agriculture, health, energy and other sectors.
On the sidelines of the summit, Dr. Haider Abadi will hold a number of meetings with officials of the participating countries.
December 11, 2017
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side)
Prime Minister Dr. Haider Al-Abbadi receives at his residence in Paris the Japanese Foreign Minister
December 12, 2017
Prime Minister Dr. Haider Abadi met at his residence in Paris with Japanese Foreign Minister Taro Kono and his accompanying delegation.
During the meeting, they discussed boosting bilateral cooperation in various fields, political, security, economic and post-emergency situations in addition to the situation in the region.
Japanese Foreign Minister Haidar al-Abadi congratulated the Iraqi people on the victories achieved on Daash, stressing Japan's support for Iraq's unity, the restoration of liberated areas, cooperation in all fields and his country's readiness to actively participate in the Kuwait reconstruction conference in Iraq.
Dr. Haider al-Abadi stressed the importance of strengthening relations with Japan and opening new horizons for joint work between the two countries in various sectors. He thanked all the countries that helped Iraq in its fight against terrorism, pointing out that Iraq has emerged victorious in the unity of its people.
Prime Minister 's Media Office
December 12, 2017
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ARTICLE 1-C
Masoud: Iraq urgently needs increased international support
2017/12/11 19:17
[Ayna-Baghdad]
President Fuad Masoum stressed the urgent need of Iraq to continue and increase international support during the coming period.
"The ambassador of Japan to Iraq, Fumio Iwai, who offered his country's congratulations to the Iraqi people to achieve Iraq the final victory over the organization of a terrorist advocate, received at the Peace Palace in Baghdad Monday morning," a presidential statement said.
"The meeting also highlighted the progress achieved in the bilateral relations between the two countries in recent years and Japan's support for Iraq in its war against terrorism and the continuation of the return of displaced people," the statement said.
While thanking the President of the Republic of Japan's outstanding support for Iraq in various fields, he stressed the depth of the friendly relations and cooperation between the two countries. "
He stressed the urgent need for Iraq to continue and increase international support during the next phase, referring to his country's determination to focus on reconstruction and development projects, as well as the return of displaced people and the holding of the upcoming elections on time and consolidate national unity and solve all problems among the people at the forefront Resolve the crisis between the federal government and the Kurdistan Regional Government, which strengthens the unity of the country and the application of the Constitution and the development of the federal democratic system.
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ARTICLE 2-A
Climate Finance Day 2017
Climate Finance Day 2017 will take stock of climate action in the financial sector since the Paris Climate Change Conference (COP 21). It will showcase recent initiatives and innovations from the financial sector to accelerate the adoption of forward-looking strategies around the world. Those initiatives will be highlighted the following day at the One Planet Summit, which will be attended by international leaders, CEOs, and government representatives.
date: 11 December 2017
location: Paris, Ile-De-France, France
location: Paris, Ile-De-France, France
contact: Paris Europlace and French Ministry for the Economy and Finance
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ARTICLE 2-B
One Planet Summit 2017
French President Emmanuel Macron has announced that, two years after the adoption of the Paris Agreement on climate change, he will convene a summit to take further action on climate, notably on the financial front. A main focus of this event will be to determine how those working in public and private finance can innovate to support and accelerate our common efforts to fight climate change. Attendance at the summit is by invitation only.
date: 12 December 2017
location: Paris, Ile-De-France, France
location: Paris, Ile-De-France, France
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ARTICLE 3
Sadr demands disclosure of the circumstances of the fall of Mosul and the massacre of Spyker and sets conditions for the dissolution of the peace
Nujaf - Iraq Press - December 11: The leader of the Sadrist movement, Moqtada al-Sadr, said on Monday that "before the dissolution of the peace Brigades / military wing of the Sadrist movement or converted into a service organization, there are several conditions."
In a televised address, al-Sadr said that "before embarking on the dissolution of the peace services or turning them into a service or civil organization, the Iraqi government must take into account, inter alia, continued care for the families of the martyrs of the Saraya and complete their wounds and work hard to find job opportunities for them as soon as possible to keep them away from the vacuum and unemployment" , Calling for "the inclusion of some elements of the peace forces in the security forces with some of them remain in Samarra exclusively to another notice and full coordination with the State and the Saraya at the same time the delivery of the liberated sites for security forces within a maximum of 45 days and the closure of most of the headquarters of the Peace Corps, Kzah of them. "
Sadr also called for an investigation into the fall of Mosul and the massacre of Spyker, and the trial of spoilers.
Sadr said in a speech on the occasion of victory day, that "the use of the title of the popular crowd in the elections should be prevented at all, and prevent the leaders of the crowd to separate their addresses and their people in the elections and remove the uncontrolled elements from integration into the security forces or others, The prestige and prestige of jihad and the Mujahideen and the blood of their martyrs and their families. " Ending
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ARTICLE 4
Rafidain does the service of remittances of citizens electronically between all branches
2017/12/12 9:48
[Ayna-Baghdad]
Rafidain Bank decided to activate the service of transferring customers' money electronically between its branches whether they have a savings account or current.
"It was decided for the first time to apply the system of electronic transfers," the bank's information office said in a statement.
He pointed out that "the citizen can move his money in his account located in any branch and transfer it to another branch, whether in the branches of Baghdad or the provinces."
He pointed out that "this service provides a citizen wishing to transfer funds from the branch of Rafidain Bank in any province to private banks."
The statement said that "this step is achieved and accomplished on the same day without any hindrance or delay."
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ARTICLE 5
Minister of Construction: Mosul damage is very large and studies for reconstruction
2017/12/11 21:19
[Ayna-Baghdad]
Minister of Construction, Municipalities and Public Works Ann Nafie Osei confirmed that the damage to the city of Mosul is very large.
"I chaired an extensive meeting for the reconstruction of the city of Mosul at the ministry's headquarters," said a statement from the ministry, which was received by members of the House of Representatives MP Yonadam Kanna, MP Maisoon Damluji and a number of professors and academics from the universities of Mosul, ] And the technical agent of the ministry Jaber al-Hassani and directors-general of the ministry to discuss and discuss ways to restore the reconstruction of Mosul. "
"The damage done to the city of Mosul is very large, which requires good planning and proper efforts, so that the start of the reconstruction of the city will be based on sound foundations and sound steps, through the preparation of a sufficient study to unite the visions to be discussed," the minister said. To the recommendations and decisions unified taking into account the preservation of the identity of the city of Mosul commensurate with its heritage and ancient history.
She added that "a number of studies were prepared previously and the possibility of benefiting from the surveys and plans that were developed, including the study of the urban renewal of the city of Mosul old, while discussed a number of local views, including the University of Mosul and the reconstruction agencies such as municipal and urban planning and local government "He said.
"The need to put in place the controls and plans that are appropriate to the current situation so that all citizens have the opportunity to rebuild their role and return to it quickly," Osi stressed, calling for "the reduction of abuses that may hinder the reconstruction of the city in the absence of the adoption of plans and controls."
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ARTICLE 6
Emirates and Fly Dubai resume use of Iraqi airspace
2017/12/11 21:48
[Where - Continue]
Emirates and Fly Dubai said on Monday they had resumed using Iraqi airspace for flights to other countries, two days after Iraq declared victory in its three-year war against Da'ash.
A number of tankers stopped flying over Iraq in 2014 for safety reasons because of the conflict there, and after a Malaysian Airlines plane was shot down over Ukraine in the same year.
Instead, airlines used longer routes running over Iran and other countries, which increased congestion in the region, with many tankers also avoiding passage from Syrian airspace.
The use of Iraqi airspace is likely to help Emirates and Fly Dubai to save fuel costs by reducing flight hours and reducing congestion in the region.
"We have resumed the use of Iraqi airspace, and very few of our flights cross Iraq every day," an Emirates spokeswoman said in an e-mail statement. Emirates Airline regularly reviews air operations, in line with regulatory and regulatory directives. "Safety, security and operational efficiency considerations will always be at the forefront when planning flight routes," she said.
Emirates did not say when it began to fly over Iraq again or the routes involved. Previously, airlines traveling across the region were using Iraqi airspace on flights to Europe and the United States.
A spokeswoman for flydubai by e-mail said the company began using the eastern part of Iraqi airspace again on November 28, which often includes flights to and from Eastern Europe and Turkey.
"All the necessary assessments of risk and security have been carried out before they begin to cross the skies," she said.
Emirates and Flay have continued to fly to and from Iraq since 2014, but with temporary comments on some flights from time to time.
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ARTICLE 7
The color of the lips indicates the state of health
BAGHDAD - The lips are not only the language of the heart, but as with your eyes, which are an indicator of your health, so is the color of your lips, it can tell you a lot about your healthy body posture.
Here are the colors of lips and what you hide from your health, according to the site, "Bold Sky" on health:
1 - The brown lips:
The color of the lips is usually brown to smoke, where the natural redness gradually fades away at # smoking, and this suggests that many other health problems may arise.
2 - bright red lips:
Although the color of red lips is good, but when this redness increases its normal size, this indicates an issue in the liver and spleen.
3. Violet and green lips:
In the winter, it is normal for the lips to take greenish violet because of the extreme cold, but if this color continues long after the winter season, you should visit your doctor. This may be due to a heart problem or respiratory disease.
4 - pink lips:
The color of light pink lips indicates good health
5 - dark red or black:
The color of the lips is dark because of smoking, but if you are non-smokers, this color may indicate a problem in the digestive system, and advised in this case to increase the intake of foods rich in fiber to improve the performance of the digestive system.
6 - red or purple lines around the lips:
If there are lines around the lips and these lines look darker than the surface of the lips itself, there may be imbalances in the body's nutrients, meaning you need useful foods such as almonds, fish, rice and carrots and avoid processed and hot foods.
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