| Word on the Street Thursday 3/29/18 |
Word on the Street Thursday 3/29/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,176.6000 | 1,176.6000 | 1,176.6000 | | 20:00 |
| USD/VND | | | 22,774.5000 | 22,642.0000 | 22,642.0000 | | 04:15 |
| USD/CNY | | | 6.3042 | 6.2798 | 6.2948 | | 06:53 |
| USD/KWD | | | 0.2996 | 0.2986 | 0.2989 | | 06:20 |
| GBP/USD | | | 1.4095 | 1.4036 | 1.4082 | | 06:53 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 13,770.0000 | 13,738.2000 | 13,751.0000 | | 06:53 |
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DC NY Iraq Articles:dddddd
Rasheed Bank Launches MasterCard Card with Unique Features
URGENT Sources of Euphrates: Infallible will send the budget for publication with the survival of the reservation to it
Date of release: 2018/3/29 10:16 • 438 times read
[Baghdad: Al-Furat News} Sources in the Presidency of the Republic, that President Fuad Masum will send the Financial Budget Law for 2018 to be published in the Official Gazette to be effective.
The sources told the agency {Euphrates News}, that "the Presidency of the Republic will hold a press conference after about two hours announce that the President of the Republic will send the General Budget Law for publication in recognition of the public interest and will retain the constitutional right to object to articles contrary to the Constitution.
The Presidency of the Republic has objected to the publication of the budget law in the Official Gazette, calling on the Ministry of Justice to approach the Iraqi facts not to publish the law in the newspaper unless it is notified of its publication from the Presidency of the Republic, warning against the consequences.
The General Secretariat of the Council of Ministers, directed the Ministry of Justice, the publication of the budget law, in the Official Gazette despite the objection of the Presidency of the Republic "in view of the passage of the constitutional period specified for the President of the Republic to ratify the laws enacted by the House of Representatives, provided that the law issued by the law follows the latest law was sent to you from Presidency".
He faced infallible wave of criticism from political blocs not to ratify the budget, especially as he objected to 31 articles, including the share of disputed Kurdistan region.
The Presidency of the Republic has objected to the publication of the budget law in the Official Gazette, calling on the Ministry of Justice to approach the Iraqi facts not to publish the law in the newspaper unless it is notified of its publication from the Presidency of the Republic, warning against the consequences.
The General Secretariat of the Council of Ministers, directed the Ministry of Justice, the publication of the budget law, in the Official Gazette despite the objection of the Presidency of the Republic "in view of the passage of the constitutional period specified for the President of the Republic to ratify the laws enacted by the House of Representatives, provided that the law issued by the law follows the latest law was sent to you from Presidency".
He faced infallible wave of criticism from political blocs not to ratify the budget, especially as he objected to 31 articles, including the share of disputed Kurdistan region.
The Council of Ministers is directed to publish the budget in the Official Gazette despite the objection of the Presidency of the Republic
Release date: 2018/3/29 9:14 • 503 times read
{Baghdad: Al Furat News} The General Secretariat of the Council of Ministers, the Ministry of Justice, the publication of the financial budget law for the year 2018, in the Official Gazette despite the objection of the Presidency of the Republic.
The Secretary-General of the Secretariat of the Council of Ministers, Ali Al-Aalak, told the Ministry of Justice "in implementation of the provisions of Article 73 / III of the Constitution and given the passage of the constitutional period specified for the President of the Republic to ratify the laws enacted by the House of Representatives, .
He added, "We accompany the Federal Budget Law of 2018, please take what is required in it by directing the Iraqi Affairs Department to publish the Official Gazette, provided that the law issued a number issued after the last law was sent to you from the Presidency of the Republic.
The Presidency of the Republic has objected to the publication of the budget law in the Official Gazette, calling on the Ministry of Justice to approach the Iraqi facts not to publish the law in the newspaper unless it is notified of its publication from the Presidency of the Republic, warning against the consequences.
He added, "We accompany the Federal Budget Law of 2018, please take what is required in it by directing the Iraqi Affairs Department to publish the Official Gazette, provided that the law issued a number issued after the last law was sent to you from the Presidency of the Republic.
The Presidency of the Republic has objected to the publication of the budget law in the Official Gazette, calling on the Ministry of Justice to approach the Iraqi facts not to publish the law in the newspaper unless it is notified of its publication from the Presidency of the Republic, warning against the consequences.
Rasheed Bank Launches MasterCard Card with Unique Features
Date of release: 2018/3/29 11:42 • 178 times read
{Baghdad: Al Furat News} Rasheed Bank has launched Nakheel Card Mastercard for government employees with unique features in cooperation with the Iraqi eGovernment Portal for Financial Services {SWIG} and MasterCard Worldwide.
"The Nakheel card is a new product that provides employees with an unprecedented level of electronic payment solutions to translate and implement the vision of the Central Bank of Iraq to achieve financial coverage in Iraq," the bank said in a statement.
He added that "the card avoids the use of cash money {cash} in all transactions financial where the card can be used in Iraq and around the world for shopping from shops and payment of services through points of sale POS, ATM cash withdrawals, and online shopping from And the applications that accept MasterCard. The employee can also issue MasterCard cards to his family members and pack them from his account or from the bank's branches or competitors. "
"The cardholder also enjoys electronic features through the Suij application and platform, including tracking the balance of the account and the current financial transactions on the account simultaneously, and can transfer money from card to card, pay bills, recharge the phone directly and others."
He called on the Director General of Rashid Bank Rashad Khudair single "all departments and ministries to accelerate the settlement of salaries of employees and their access to the card so that the bank grants them advances and loans," pointing out that "the card helps the citizen to save and protect the circulation of counterfeit currency and damaged and retain salaries from thefts that may be exposed During transport ".
"This step comes within the objectives of the company to serve the Iraqi banks. The first project was represented by Al-Rasheed Bank as a factor of confidence for the Iraqi employee and the spread of the bank in all parts of Iraq, which contributes to accelerating the spread of banking services and laying the foundations Integration of electronic payment services from the issuance and acceptance of payment cards at ATMs and point of sale machines as well as payment service.
He pointed out that "SWITCH" is currently working on the development of electronic payment solutions and solutions, including the provision of POS devices for shops and services and provide electronic payment gateway for electronic commerce and many services aimed at enabling enterprises, companies, traders and entertainment facilities and services To provide comprehensive, sophisticated and intelligent services to its customers and enable them electronically. "
He added that "the card avoids the use of cash money {cash} in all transactions financial where the card can be used in Iraq and around the world for shopping from shops and payment of services through points of sale POS, ATM cash withdrawals, and online shopping from And the applications that accept MasterCard. The employee can also issue MasterCard cards to his family members and pack them from his account or from the bank's branches or competitors. "
"The cardholder also enjoys electronic features through the Suij application and platform, including tracking the balance of the account and the current financial transactions on the account simultaneously, and can transfer money from card to card, pay bills, recharge the phone directly and others."
He called on the Director General of Rashid Bank Rashad Khudair single "all departments and ministries to accelerate the settlement of salaries of employees and their access to the card so that the bank grants them advances and loans," pointing out that "the card helps the citizen to save and protect the circulation of counterfeit currency and damaged and retain salaries from thefts that may be exposed During transport ".
"This step comes within the objectives of the company to serve the Iraqi banks. The first project was represented by Al-Rasheed Bank as a factor of confidence for the Iraqi employee and the spread of the bank in all parts of Iraq, which contributes to accelerating the spread of banking services and laying the foundations Integration of electronic payment services from the issuance and acceptance of payment cards at ATMs and point of sale machines as well as payment service.
He pointed out that "SWITCH" is currently working on the development of electronic payment solutions and solutions, including the provision of POS devices for shops and services and provide electronic payment gateway for electronic commerce and many services aimed at enabling enterprises, companies, traders and entertainment facilities and services To provide comprehensive, sophisticated and intelligent services to its customers and enable them electronically. "
Barzani reveals the imminent abolition of the system of saving salaries
BAGHDAD / The head of the Kurdistan Regional Government, Najirvan Barzani, on Wednesday threatened to take "what is necessary" to prevent chaos in the Kurdistan region with the entry of popular protests on its fourth day, while promising to close the abolition of the system of "saving salaries."
Barzani said in a press conference that "the demands of the demonstrators are legitimate, but some parties have tried in the past few days to exploit them to achieve special goals and this is unacceptable."
He added that "the Kurdistan Regional Government will stand against those who want to provoke chaos and will take what is necessary to prevent this," noting that "the steps taken by reform will ensure the end of the system of savings in the distribution of salaries very soon."
Barzani thanked Prime Minister Haider Abadi for "reopening the airports and transferring the dues of martyrs and anfal people in Kurdistan within the federal allocations."
House of Representatives finishes reading 7 laws and concludes its legislative term at the end of April
Shivak News / The House of Representatives ended its regular session 15, which was resumed under the chairmanship of Salim al-Jubouri, Speaker of the House of Representatives on Wednesday read 7 laws.
. The Council concluded the first reading of the proposed amendment to the Third Law of the Iraqi Engineers Association No. (51) for the year 1979 submitted by the Committee of Civil Society Organizations.
The Council concluded reading a report and discussing the legal draft of the accession of the Republic of Iraq to the Maritime Labor Agreement of 2006 and the accession of the Republic of Iraq to the Convention on Identity of Seafarers' Documents No. 185 of 2003 submitted by the Committees on Foreign Relations, Labor and Social Affairs.
The Council completed the reading of the report and discussion of the proposed amendment to the first law of the Iraqi Academy of Sciences No. 22 of 2015 and submitted by the Legal Committee.
As for the same, the Council completed the reading of the report and discussion of the proposed law to include contractors from the Sons of Iraq (Awakening) to the Ministries of Defense and Interior provided by the security, defense, legal, reconciliation, question and justice.
The Council then completed a report on the draft law on the characterization of the national currency for the construction of schools and kindergartens provided by the Education Committee.
. The Council also completed the reading of a report and discussion of the proposed law on the rights and protection of engineers submitted by the committees of services, reconstruction, finance and legal.
In another matter, President al-Jubouri announced that the second legislative term ends on 30/4/2018 in accordance with the Constitution, while the current parliamentary session ends on 30/6/2018. The Council may hold a regular or extraordinary session as necessary, stressing that the Presidency will convene a meeting In which the voting on the important laws remaining under the Council's mandate will be completed.
The Council completed the first reading of the draft law amending the law of law No. (173) for the year 1965 amended by the legal committee to go on a long period of legislation of the law in force and in view of the evolution of economic life, social and political in Iraq, which has to keep pace with the law of these developments and to review some of its articles including These developments are in line with the legal profession, which plays an important role in establishing the principle of the rule of law, the values of justice and the protection of rights and freedoms in accordance with the constitutional principles and laws and to raise the level of the profession and to give the greater role of lawyers by raising their legal level and trust ف In the professional and to preserve theirHammam Hamoudi, the first deputy speaker of the council, said after his meeting for the session that the next session, which will be determined later, will see a vote on whether or not to answer the ministers questioned.
. The Council concluded the first reading of the proposed amendment to the Third Law of the Iraqi Engineers Association No. (51) for the year 1979 submitted by the Committee of Civil Society Organizations.
The Council concluded reading a report and discussing the legal draft of the accession of the Republic of Iraq to the Maritime Labor Agreement of 2006 and the accession of the Republic of Iraq to the Convention on Identity of Seafarers' Documents No. 185 of 2003 submitted by the Committees on Foreign Relations, Labor and Social Affairs.
The Council completed the reading of the report and discussion of the proposed amendment to the first law of the Iraqi Academy of Sciences No. 22 of 2015 and submitted by the Legal Committee.
As for the same, the Council completed the reading of the report and discussion of the proposed law to include contractors from the Sons of Iraq (Awakening) to the Ministries of Defense and Interior provided by the security, defense, legal, reconciliation, question and justice.
The Council then completed a report on the draft law on the characterization of the national currency for the construction of schools and kindergartens provided by the Education Committee.
. The Council also completed the reading of a report and discussion of the proposed law on the rights and protection of engineers submitted by the committees of services, reconstruction, finance and legal.
In another matter, President al-Jubouri announced that the second legislative term ends on 30/4/2018 in accordance with the Constitution, while the current parliamentary session ends on 30/6/2018. The Council may hold a regular or extraordinary session as necessary, stressing that the Presidency will convene a meeting In which the voting on the important laws remaining under the Council's mandate will be completed.
The Council completed the first reading of the draft law amending the law of law No. (173) for the year 1965 amended by the legal committee to go on a long period of legislation of the law in force and in view of the evolution of economic life, social and political in Iraq, which has to keep pace with the law of these developments and to review some of its articles including These developments are in line with the legal profession, which plays an important role in establishing the principle of the rule of law, the values of justice and the protection of rights and freedoms in accordance with the constitutional principles and laws and to raise the level of the profession and to give the greater role of lawyers by raising their legal level and trust ف In the professional and to preserve theirHammam Hamoudi, the first deputy speaker of the council, said after his meeting for the session that the next session, which will be determined later, will see a vote on whether or not to answer the ministers questioned.
Kauaihn Iraq Articles:dddd
Iraq and Saudi Arabia exchange the opening of a branch bank in Baghdad and Riyadh
29-03-2018 12:49 PM
BAGHDAD (Reuters) - Iraq's central bank governor Ali al-Alak announced on Thursday the opening of a branch of the Iraqi Bank for Trade in Saudi Arabia, adding that Riyadh would also decide to open a branch of one of its banks in Iraq.
Al-Alaq said that the monetary relations between Iraq and the Kingdom are good and soon a branch of the Iraqi Bank for Trade will be opened in Saudi Arabia to facilitate the trade exchange between the two brotherly countries.
Saudi Arabia will also decide to open a branch of one of its banks in Iraq soon, which will ease the economic relations between the two countries," he added
Saudi Arabia and Japan's Softbank are setting up the world's largest solar power company
29-03-2018
NEW YORK (Reuters) - Roeeya's fund will invest in a Saudi solar power plant that will build the world's largest power station as it accelerates its operations in the kingdom, the chief executive of Softbank said.
The production capacity is expected to reach 200 gigawatts by 2030, Masayoshi Sun told reporters in New York on Monday. This will be added to a world-class vehicle capacity of around 400 gigawatts, comparable to the total global nuclear generation capacity of about 390 gigawatts by the end of 2016.
Sun said the first phase of the project is 7.2 gigawatts and will cost $ 5 billion, including $ 1 billion from the Vision Softbank fund and the rest from project financing facilities.
He added that the final investment cost of the entire project, including solar panels, storage batteries and a panel manufacturing facility in Saudi Arabia, would eventually reach about $ 200 billion.
The Softbank Fund announced in May that it had raised more than $ 93 billion into Roya, the largest direct investment fund in the world, with supporters including the Saudi sovereign wealth fund, Apple and Foxconn.
In October Softbank said it would work with Saudi Arabia to develop the new commercial and industrial city of Newum, to be built in the Kingdom.
Sun seeks to realize his vision for a future run by networked interconnected devices and industrial intelligence. The Vision Fund, together with the Makam Delta Fund, has established a joint venture fund worth 27.5 billion dollars to invest in China's Diddy Taxi Application Company and 20 technology companies.
Although Saudi Arabia is one of the world's most sunny countries, Saudi Arabia generates little electricity from solar energy, which accounts for only a marginal proportion of its electricity production, much of which is generated by burning oil.
He pointed out that the Saudi reform plan known as "Vision 2030", which aims to reduce the dependence of the Saudi economy on oil, is consistent with the Fund's long-term vision on innovation.
"These two visions have come together to create renewable energy that is clean, sustainable, low-cost and productive," he said. "The Kingdom is a country blessed with plenty of sunlight, huge tracts of available land and outstanding engineers ..."
Although Saudi Arabia is one of the most sunny countries in the world, the kingdom generates most of the electricity from plants operated by burning oil.
The total power generation capacity in Saudi Arabia is currently about 60 gigawatts. Adding 200 gigawatts would create a huge surplus in production capacity that could be exported to neighboring countries or used in industry, but the kingdom would still need other forms of electricity to use at night.
Industrial estimates show that between 300,000 and 800,000 barrels of crude oil a day are being burned to generate electricity in Saudi Arabia.
The export of this quantity, instead of burning it, could increase Saudi Arabia's annual oil revenues by between $ 7 billion and $ 20 billion at the current price of Brent crude, which is about $ 70 a barrel.
"It is clear that Saudi Arabia is preparing for a post-fossil fuel economy era in terms of domestic energy consumption," said Peter Kernan, chief energy analyst at the Economist Intelligence Unit in Singapore. "This huge bet on renewable sources will allow the allocation of much oil production Domestic export and may also provide domestic gas resources ».
"So far, there has been very slow progress in building solar capacity in Saudi Arabia, but this agreement could give it the start it needs. The production of 200 gigawatts by 2030 is another issue. "Pierre Pascal Orbun, CEO of SMA Solar, Germany's largest solar company, said his company is very active in the Saudi solar market, but it has not Has been involved in an important project announced by Softbank Group.
"I can not confirm that we have had concrete talks (on the project)," he told reporters at the group's annual press conference. "He is convinced that the Middle East will increase the company's exposure to solar energy.
The production capacity is expected to reach 200 gigawatts by 2030, Masayoshi Sun told reporters in New York on Monday. This will be added to a world-class vehicle capacity of around 400 gigawatts, comparable to the total global nuclear generation capacity of about 390 gigawatts by the end of 2016.
Sun said the first phase of the project is 7.2 gigawatts and will cost $ 5 billion, including $ 1 billion from the Vision Softbank fund and the rest from project financing facilities.
He added that the final investment cost of the entire project, including solar panels, storage batteries and a panel manufacturing facility in Saudi Arabia, would eventually reach about $ 200 billion.
The Softbank Fund announced in May that it had raised more than $ 93 billion into Roya, the largest direct investment fund in the world, with supporters including the Saudi sovereign wealth fund, Apple and Foxconn.
In October Softbank said it would work with Saudi Arabia to develop the new commercial and industrial city of Newum, to be built in the Kingdom.
Sun seeks to realize his vision for a future run by networked interconnected devices and industrial intelligence. The Vision Fund, together with the Makam Delta Fund, has established a joint venture fund worth 27.5 billion dollars to invest in China's Diddy Taxi Application Company and 20 technology companies.
Although Saudi Arabia is one of the world's most sunny countries, Saudi Arabia generates little electricity from solar energy, which accounts for only a marginal proportion of its electricity production, much of which is generated by burning oil.
He pointed out that the Saudi reform plan known as "Vision 2030", which aims to reduce the dependence of the Saudi economy on oil, is consistent with the Fund's long-term vision on innovation.
"These two visions have come together to create renewable energy that is clean, sustainable, low-cost and productive," he said. "The Kingdom is a country blessed with plenty of sunlight, huge tracts of available land and outstanding engineers ..."
Although Saudi Arabia is one of the most sunny countries in the world, the kingdom generates most of the electricity from plants operated by burning oil.
The total power generation capacity in Saudi Arabia is currently about 60 gigawatts. Adding 200 gigawatts would create a huge surplus in production capacity that could be exported to neighboring countries or used in industry, but the kingdom would still need other forms of electricity to use at night.
Industrial estimates show that between 300,000 and 800,000 barrels of crude oil a day are being burned to generate electricity in Saudi Arabia.
The export of this quantity, instead of burning it, could increase Saudi Arabia's annual oil revenues by between $ 7 billion and $ 20 billion at the current price of Brent crude, which is about $ 70 a barrel.
"It is clear that Saudi Arabia is preparing for a post-fossil fuel economy era in terms of domestic energy consumption," said Peter Kernan, chief energy analyst at the Economist Intelligence Unit in Singapore. "This huge bet on renewable sources will allow the allocation of much oil production Domestic export and may also provide domestic gas resources ».
"So far, there has been very slow progress in building solar capacity in Saudi Arabia, but this agreement could give it the start it needs. The production of 200 gigawatts by 2030 is another issue. "Pierre Pascal Orbun, CEO of SMA Solar, Germany's largest solar company, said his company is very active in the Saudi solar market, but it has not Has been involved in an important project announced by Softbank Group.
"I can not confirm that we have had concrete talks (on the project)," he told reporters at the group's annual press conference. "He is convinced that the Middle East will increase the company's exposure to solar energy.
Iranian, Turkish and Syrian fighters leave Iraq to escape Turkey
Thursday, March 29, 2018 at 13:45 pm (60 views)
Follow-up / Sky Press
A source from the Sinjar district on Thursday revealed the areas where PKK elements had withdrawn from Sinjar district, north of Baghdad.
That the Syrian, Turkish and Iranian elements of the PKK or the so-called "Beka Ka" withdrew from the Sinjar district "west of Mosul, the center of Nineveh, northern Iraq," to Syrian territory.
Hamo said that the number of these fighters was about 500. They left for the areas of Hasakah in northeastern Syria and Qamishli, also on the north-east of the border with Turkey.
The Iraqi Yazidi media, on the one hand, Sinoni, "belonging to the Sinjar district, which includes a majority of the Yazidi component," the elements of the PKK, from the Syrian territory, to the areas of Qandil, the mountain chain linking Iraq, Turkey and Iran.
Kuwait: Import of Iraqi gas within two months
29-03-2018 12:51 PM
Kuwait and Iraq are close to finalizing the final agreement to import Iraqi gas, Kuwait's Minister of Water and Electricity said on Thursday. He said the details would not be a problem after the final agreement was signed, referring to a dispute between the two sides. About price.
"The final agreement will be concluded in April next to coincide with the upcoming visit of the Iraqi oil minister to Kuwait," Al-Nahar newspaper quoted Al-Rashidi as saying. "There will be a final agreement on this issue over the next two months, For details, there will be no problem. '
On the meeting with the Iraqi side on the electric connection, Al-Rashidi explained that "Iraq is the gate of Kuwait to Europe, so we discuss as countries in the Gulf Cooperation Council with Iraq to have an electric connection with Iraq as a first point and then to Turkey and then link with Europe to be linked The global electrical network, which is considered a strategic dimension of the network '.
Japan contributes $ 10 million to reconstruction of Iraq
In collaboration with the World Food Program ...
The United Nations Assistance Mission for Iraq (UNAMI), the Japanese government is contributing an additional 10 million US dollars, to support the recovery and reconstruction efforts in Iraq. Part of this contribution will also be used to support Syrian refugees living in Iraq.
"This Japanese contribution will help" expand livelihood and income-generating activities to include 9,000 vulnerable Iraqis, UNAMI said in a statement sent to Basnews. These activities aim to revitalize the agriculture sector by rehabilitating the irrigation channels and irrigation systems damaged by the fighting. "
"For four years, Japan has been providing assistance to the vulnerable Iraqis and Syrian refugees in Iraq affected by the attacks of a sympathetic organization through Japan's supplementary budget," said Fumio Iwai, Japan's ambassador to Iraq.
"This $ 10 million contribution to the World Food Program is part of the new humanitarian package and efforts to restore stability to Iraq, which amounts to about $ 100 million. Japan will continue to assist displaced people, returnees, refugees and host communities in Iraq while supporting Iraq's development efforts. "
This contribution will also be used to provide food assistance for seven months to 23,000 Syrian refugees living in the Kurdistan Region through WFP's e-voucher system. Refugee e-vouchers provide US $ 19 per person per month to buy food at their choice from local stores.
"As the situation in Iraq remains fragile, we need to continue to provide assistance to the most needy families while at the same time building the economic independence of the Iraqi people," said Sally Haydock, WFP Representative in Iraq.
"The World Food Program (WFP) has always relied on Japan to support Iraq, and this recent contribution demonstrates Japan's continued commitment to supporting the country to move forward in building its future," she said.
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You can live longer if you retire early, research shows
In one study, men who retired early were 42 percent less likely to die over the next five years.
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Gold Prices Slip as Trade War Fears Persist
Investing.com
Gold slips as trade war fears persist Read the full story
Commodities Mar 27, 2018 18:02 GMT Investing.com – Gold prices were on track to snap a three-day winning streak as the dollar strengthen after fears of a global trade war moderated amid ongoing China-U.S. dialogue on trade. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange fell by $11.70, or 0.86%, to $1,343.30 a troy ounce. "The two economies are highly complementary to each other and their cooperation has been continuously expanding," said Chinese Read the full story
© Reuters. Oil on the back foot ahead of U.S. supply data Read the full story
What happens when demand for oil peaks and starts to fall? Read the full story
Chicago can pursue part of Wells Fargo predatory lending
Reuters
A federal judge significantly narrowed but refused to dismiss a lawsuit accusing Wells Fargo & Co, the third-largest U.S. bank, of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area. Read the full story
Abu Dhabi – Mubasher: Assets of banks operating in the UAE, including banker’s acceptances, increased by 0.7% during February 2018, registering AED 2.707 trillion, compared to AED 2.688 trillion a month earlier, according to a report released by … Read the full story
A woman holds a tablet with installed Kazakhstan's central bank a blockchain-based mobile securities trading application "Invest Online" in this illustration picture Thomson Reuters ALMATY (Reuters) - Kazakhstan's central bank has launched a blockchain-based mobile securities trading application which it hopes will allow locals to become more involved in the capital markets by simplifying access to it. The oil-rich Central Asian nation's stock and bond markets are dominated by a handful of Read the full story
The announcement happened during the New York leg of Crown Prince Mohammed bin Salman's trip across the United States. Read the full story
Three of mainland’s five biggest players benefit, so far, from the regulatory crackdown on shadow banking which has driven borrowers back to traditional lenders Read the full story
Three of China’s five biggest state-backed commercial banks have seen their 2017 profit growth beating analysts estimates, benefiting from improving economic growth that curbed bad loans and the Chinese government’s efforts to deleverage its corporate sector. The annual report issued by the Industrial and Commercial Bank of China (ICBC) on Tuesday showed a net profit growth of 3% in 2017, and the Agricultural Bank of China (ABC) on Monday showed a 5% increase in net proft. China Construction Read the full story
A blockchain research institute under the People’s Bank of China has launched a blockchain registry open platform, marking the first central bank-backed blockchain platform in China. The platform is being launched by Zhongchao Blockchain Research Institute, which is under China Banknote Printing and Minting Corporation, according to local media reports. The platform records information such as user identities, digital vouchers and certificate of all partners, and provides traceable and Read the full story
Although the sign-up offers that credit card issuers display to the general public are usually the best deals available at any given time, sometimes banks target specific consumers with even better options. Issuers like American Express send mailers to potential customers with limited-time offers for which they have been pre-selected. Others, like Chase, make certain sign-up bonuses available only in their physical branches for banking customers, such as when Chase pulled online offers for the Read the full story
Non-stop business knowledge Get more on The Bloomberg App A recent spike in funding costs is happening at the worst time for Australia’s big banks, as intense public scrutiny crimps their ability to pass on increases to customers. The banks are fighting to defend their reputations in the face of an inquiry into misconduct and mistreatment of customers. Two weeks into hearings in front of a Royal Commission, allegations have included claims some bank staff took cash bribes to facilitate mortgages Read the full story
The market needs a win on Wednesday after the rout in tech
CNBC
Tuesday's slump leads people to question whether the big momentum trade in tech is over Read the full story
U.S. government debt prices rose Wednesday as a global decline in stock markets pushed investors into perceived safer assets like long-term debt. Read the full story
© Reuters. 5 key factors for the markets on Wednesday Read the full story
Just as the Federal Reserve pares back its bond holdings, the U.S. government is bringing more to market. That could have a major impact on bond yields, says Wells Fargo. Read the full story
Stock markets could see a hefty fall in the coming months due to a slew of trends that point to a downturn in the global economy, one economist told CNBC. Read the full story
A computer model built by Goldman Sachs is signaling that a bear market is right around the corner, but some strategists at the investment bank are not buying into their own indicator. Read the full story
Litecoin Is the Dark Web's Favorite Altcoin - Bitcoinist.com
Bitcoinist.net
Litecoin has unexpectedly increased in preference among internet users looking to transact cryptocurrencies for illicit services. It is now the second most popular cryptocurrency on the Dark Web — behind only Bitcoin. A Lite in the Darkness Litecoin (LTC) is now the most popular altcoin on the Dark Web. According to a report from Recorded Future, Litecoin has unexpectedly surpassed other cryptocurrencies in preference “and is currently the second most dominant coin on the dark web after Bitcoin. Read the full story
ETHEREUM'S loss in 2018 could be Bitcoin Cash’s gain according to a new report that combines data from trusted industry-specific sources, and google search popularity. The report predicts a massive rise in the value of Bitcoin Cash, and a fall in once “unique” Ethereum. In a report titled Cryptocurrencies: Past, Present and Future researchers claim to use historical data and a "data-driven algorithm" to predict that Bitcoin Cash will hit "$2000 per unit by May 2018”, marking from the beginning Read the full story
The total value of digital currencies fell below $300 billion overnight as more broad-based selling pushed some major digital currencies to multi-month lows. Read the full story
Ethereum is in the midst of a long-term price decline, which one expert notes is due to a wider consolidation in the marketplace also seen with Bitcoin, Bitcoin Cash, Ripple and Tron. It's unclear where the cryptocurrency will move from here after a sell-off. Read the full story
Bitcoin prices appear to have become more closely related to how much investors are willing to pay for future corporate cash flows, say analysts from Morgan Stanley. And this could be a big deal for where the market goes next. Read the full story
Cboe Global Markets argues that cryptofunds aren't so different from other commodity-related funds, addressing regulatory concerns about valuation and liquidity. Read the full story
A Canadian cryptocurrency exchange has bought four golden casts of the hands of former South African president Nelson Mandela for $10 million worth of bitcoin. Read the full story
Forex - Dollar Pushes Higher as Trade Tensions Remain Elevated
Investing.com
© Reuters. Dollar pushes higher as trade tensions remain elevated Read the full story
THE POUND has improved slightly since a steady week has seen it hold against the euro following a lack of news regarding the economy and Brexit, which have previously caused fluctuation for the exchange rate. The pound is currently trading against the euro at £1.144 as of this morning. Read the full story
Forex Mar 27, 2018 17:21 GMT Investing.com – The dollar retreated from session highs against a basket of major currencies amid mostly negative economic data but losses were limited by easing fears of a global trade war and sterling weakness. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.34% 88.94. The dollar hit a session high of 88.93 before giving up some of its gains as upbeat housing data was offset by a slump Read the full story
INSURANCE / HEALTH
Do Not Sign A DNR Before You Read This
Investor's Business Daily
Patients, beware. When you're admitted to a hospital, you're routinely encouraged to sign a Do Not Resuscitate order, also known as a DNR. Don't assume it will be applied only in extreme circumstances. New research shows having those three letters on your chart could put you on course to getting less medical and nursing care... Read the full story
Use this checklist to get your body back on track. Read the full story
Alzheimer’s sufferers could once again remember the faces of loved ones, or find their way back home, after scientists developed a way to boost memories. Read the full story
When I go to the doctor for any kind of bug or infection, sure, he’ll write a prescription if needed, but nine out of 10 times, I can expect a tidbit of instruction that has to do with my diet. Plenty of fluids for everything, broth for a cold, cranb… Read the full story
The interstitium, scientists found, is under our skin and between our organs. Understanding it may eventually help treat disease. Read the full story
To combat the risks of belly fat, menopausal women are encouraged to eat healthy, watch their weight and exercise. Now, there may be another weapon: menopausal replacement therapy. Read the full story
Incorporate healthy fats, such as avocado, into your main meal. Weight loss requires adopting healthy eating habits that leave you feeling satisfied. Carbs and fat are not the enemy. Both have their place in a healthy weight loss plan. If you want to make weight loss easier, you need to move your body. Exercise is key. Losing weight is no easy feat. With thousands of diets and fitness trends to choose from, it's no wonder many Americans struggle to drop the pounds and keep them off. In order to Read the full story
When it comes to depression, there are certain signs that many people are familiar with, like loss of interest in things someone once loved, low energy, and sadness. But not all signs of depression are so blatant. Some people have symptoms of high-fu… Read the full story
U.S., South Korea come to agreement on trade deal
CBS News
Administration officials call revised deal "a huge win for the American worker" Read the full story
Opponents said the question was certain to depress response to the census from noncitizens and even legal immigrants. Read the full story
FDA sued over delay of e-cigarette review
CBS News
Anti-smoking groups filed the lawsuit arguing the delay poses a threat to children's health Read the full story
For one father and son in Puerto Rico, Hurricane Maria’s cloud has not lifted
Salon
To reach the Martinez home in Puerto Rico’s central mountains, social worker Eileen Calderon steers around piles of dirt, treacherous potholes and power company trucks that block the road. Finally, she pulls up to a sagging, cement home, its roof done in by Hurricane Maria. Laundry hangs under a tarp, and a cat is tied to a leash outside the door. Calderon, who is based in San Juan, and works for VarMed, a company that handles complex medical cases in Puerto Rico, has brought two colleagues — a Read the full story
Shouting to be heard over protest chants in the background, Christina Rodriguez tried to explain why she wasn't in her classroom that Monday but was marching and protesting in front of the Capitol building in San Juan, Puerto Rico. "We are here because we haven't been treated fairly," said Rodriguez, a tall woman with her hair pulled back... Read the full story
LONDON--(BUSINESS WIRE)--#Automotive--Technavio market research analysts forecast the global automotive plastic fuel tank market to grow at a CAGR of more than 4% during the period 2018-2022, according to their latest report. This market research report segments the global automotive plastic fuel tank market into the following applications (passenger vehicles and commercial vehicles) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors Read the full story
Passive investors are driving returns in emerging-market debt like never before. Read the full story
Odebrecht, the Brazilian construction company at the center of Latin America's largest corruption scandal, has signed a $174 million contract with the power utility company Furnas. Read the full story
OPEC seeks "very long-term" cooperation with other oil exporters
Gulf Business
The comments come after news that Saudi Arabia and Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters The post OPEC seeks “very long-term” cooperation with other oil exporters appeared first on Gulf Business. Read the full story
Iraq says OPEC will decide by the end of this year whether to extend production cuts and by how long Read the full story
Iraq wants to "keep away" from the U.S.-Iran conflict, Iraqi Prime Minister Haider al-Abadi said on Wednesday. Read the full story
Zimbabwe: Alleged U.S. Tax Fraudster Arrested in Chiredzi
AllAfrica
(Photo: Tony Webster/Flickr) ONE of the fugitives wanted by Zimbabwe police for allegedly swindling the American government of over $7m in tax fraud has been arrested in Chiredzi. Andrew Tashanduka Bere was nabbed barely 24 hours after the ZRP launched a manhunt for three suspects wanted in the United States of America for the fraud which was committed in 2007. Bere was arrested in Chiredzi at his family homestead last Wednesday. He has since appeared before Chiredzi magistrate Geraldine Mustoto Read the full story
The United States (US) should make decisions on Zimbabwe from an informed position and stop reading only the text of opposition political parties that are afraid of elections, the President has said. He said the US, which last week proposed multiple prescriptive reforms as a precondition for re-engagement with Zimbabwe, should have an appreciation of the situation on the ground to make rational decisions. Two US senators -- Messrs Jeff Flake(Republican) and Chris Coons (Democrat) -- who are Read the full story
(Photo: Pixabay) The stand-off between government and striking doctors continues with the medical practitioners scoffing at the threat by their employer to withdraw salaries. Zimbabwe Hospital Doctors Association (ZHDA) spokesperson Dr Mxolisi Ngwenya confirmed that they had received communication from government threatening the withholding of salaries but insisted this would not deter them. He was addressing journalists at Parirenyatwa Hospital in Harare where a group of medical practitioners Read the full story
Harare, March 28 (IANS) Zimbabwe President Emmerson Mnangagwa has said the US government made its recent decision to extend sanctions against Zimbabwe on the basis of misinformation by opposition parties which are afraid of losing the upcoming elections.last week, the US extended its decades long sanctions against Zimbabwe, imposed in protest over Harare's land reforms in which white-owned farms were taken over to resettle landless peasants, and perceived misgoverning and human rights Read the full story
Private markets set to grow in Asia as investors look to diversify beyond stocks
South China Morning Post
Private equity, private debt and other options attracting increasing attention in search for better returns and risk management Read the full story
Non-stop business knowledge Get more on The Bloomberg App Kim Tells Xi N. Korea Willing to Dialogue With U.S.: Xinhua Kim Jong Un just sent a powerful message to U.S. President Donald Trump ahead of planned talks: China is back on North Korea’s side. The North Korean leader and his wife received a warm welcome in his first trip abroad since taking power in 2011, holding talks with President Xi Jinping and meeting a host of dignitaries. Xi told Kim that China has made a “strategic choice” to have Read the full story
Acquisitive Chinese conglomerate Fosun International, which owns Club Med and Cirque du Soleil within its broad portfolio, said on Wednesday it aims to invest 20 billion yuan ($3.19 billion) in technology in the next three years. Read the full story
EU budget: Brussels mulls a €56 billion ECB raid to fill Brexit black hole
Verdict
European financiers will today discuss a plan to raid €56 billion from the European Central Bank's (ECB) revenues to fill an EU budget gap left by the UK leaving the bloc. A proposal to channel ECB revenues from printing banknotes in 19 national central banks directly to EU coffers, will be discussed by the European Commission during... Read the full story
Greek Cypriot President Nicos Anastasiades has hailed as "unprecedented" the European Union's condemnation of Turkey for blocking his government's search for offshore oil and gas of the divided island. Anastasiades spoke in reaction to a statement made by EU leaders on Thursday, condemning Turkey for blocking of a private drill ship off Cyprus in February. {articleGUID} "For the first time, there is an unprecedented strong condemnation of Turkey's continuing illegal activity in the eastern Read the full story
Leaning over the counter of his seafood stall in the English seaside town of Great Yarmouth, Darran Nichols-George says those still moaning about the British vote to leave the European Union need to stop complaining. Read the full story
The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in international finance told Reuters. Read the full story
People write messages next to a slogan at Facebook's headquarters in London, Britain, December 4, 2017. Stock markets are down across Europe after sell-off in the US overnight. The slump is driven by reignited trade war fears and the fallout from Facebook's data scandal. The Stoxx Europe 600 Technology index is down 2.5%. LONDON - Global stock market's wild week continued on Wednesday as European markets followed counterparts in Asia in the US on a downward slump. Here's the scoreboard of the Read the full story
Millions of Britons could lose their rights to urgent medical treatment while travelling in the EU after Brexit, a parliamentary committee has warned. Read the full story
dd
GLOBAL/NEWS/INFO
You can live longer if you retire early, research shows
In one study, men who retired early were 42 percent less likely to die over the next five years.
Read more: https://www.cnbc.com/2018/03/
10 unmistakable habits of utterly authentic people
"I had no idea that being your authentic self could make me as rich as I've become. If I had, I'd have done it a lot earlier," Oprah Winfrey said.Read more: https://www.cnbc.com/2018/03/
Why one CEO says ‘networking is dead’—and what you should do instead to boost your career
Community building expert Scott Gerber explains why networking alone will not help your career and what you should do instead.Read more: https://www.cnbc.com/2018/03/
Suze Orman: The No. 1 thing to do now if you want to buy a home soon
Stockpiling cash isn't enough preparation for buying real estate, says personal finance expert Suze Orman.Read more: https://www.cnbc.com/2018/03/
OIL/COMMODITIES/ENERGY
Gold Prices Slip as Trade War Fears Persist
Investing.com
Gold slips as trade war fears persist Read the full story
Gold Prices Fall Sharply as Dollar Lifts Amid Ongoing China-US Talks
Investing.comCommodities Mar 27, 2018 18:02 GMT Investing.com – Gold prices were on track to snap a three-day winning streak as the dollar strengthen after fears of a global trade war moderated amid ongoing China-U.S. dialogue on trade. Gold futures for April delivery on the Comex division of the New York Mercantile Exchange fell by $11.70, or 0.86%, to $1,343.30 a troy ounce. "The two economies are highly complementary to each other and their cooperation has been continuously expanding," said Chinese Read the full story
Oil Continues Lower Amid Bets For Bearish U.S. Supply Data
Investing.com© Reuters. Oil on the back foot ahead of U.S. supply data Read the full story
Big Oil’s Business Model Could Be on the Verge of Failing
VICEWhat happens when demand for oil peaks and starts to fall? Read the full story
BANKS/BANKING/CREDIT
Reuters
A federal judge significantly narrowed but refused to dismiss a lawsuit accusing Wells Fargo & Co, the third-largest U.S. bank, of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area. Read the full story
ThinkProgress.org
In 2016, after the signing of the Paris climate agreement, there was a sharp decrease in bank financing for "extreme fossil fuels." However, 2017 was a year of "backsliding" into financing the fossil fuel sector again, according to a new report. The world's largest banks provided $115 billion in funding to the fossil fuel industry... Read the full story
MubasherIn 2016, after the signing of the Paris climate agreement, there was a sharp decrease in bank financing for "extreme fossil fuels." However, 2017 was a year of "backsliding" into financing the fossil fuel sector again, according to a new report. The world's largest banks provided $115 billion in funding to the fossil fuel industry... Read the full story
UAE bank assets hit AED 2.7tn in February
Abu Dhabi – Mubasher: Assets of banks operating in the UAE, including banker’s acceptances, increased by 0.7% during February 2018, registering AED 2.707 trillion, compared to AED 2.688 trillion a month earlier, according to a report released by … Read the full story
Kazakhstan's central bank launches securities trading app
Business InsiderA woman holds a tablet with installed Kazakhstan's central bank a blockchain-based mobile securities trading application "Invest Online" in this illustration picture Thomson Reuters ALMATY (Reuters) - Kazakhstan's central bank has launched a blockchain-based mobile securities trading application which it hopes will allow locals to become more involved in the capital markets by simplifying access to it. The oil-rich Central Asian nation's stock and bond markets are dominated by a handful of Read the full story
SoftBank and Saudi Arabia are creating a huge solar power generation project
CNBCThe announcement happened during the New York leg of Crown Prince Mohammed bin Salman's trip across the United States. Read the full story
Chinese banking majors deliver improved 2017 earnings
South China Morning PostThree of mainland’s five biggest players benefit, so far, from the regulatory crackdown on shadow banking which has driven borrowers back to traditional lenders Read the full story
China's State-Backed Banks See Profits Up While Non-Performing Loans Decline
China Money NetworkThree of China’s five biggest state-backed commercial banks have seen their 2017 profit growth beating analysts estimates, benefiting from improving economic growth that curbed bad loans and the Chinese government’s efforts to deleverage its corporate sector. The annual report issued by the Industrial and Commercial Bank of China (ICBC) on Tuesday showed a net profit growth of 3% in 2017, and the Agricultural Bank of China (ABC) on Monday showed a 5% increase in net proft. China Construction Read the full story
China's Central Bank-backed Institute Launches Blockchain Platform
China Money NetworkA blockchain research institute under the People’s Bank of China has launched a blockchain registry open platform, marking the first central bank-backed blockchain platform in China. The platform is being launched by Zhongchao Blockchain Research Institute, which is under China Banknote Printing and Minting Corporation, according to local media reports. The platform records information such as user identities, digital vouchers and certificate of all partners, and provides traceable and Read the full story
Use The CardMatch Tool to Get Even Better Sign-Up Offers
The Points GuyAlthough the sign-up offers that credit card issuers display to the general public are usually the best deals available at any given time, sometimes banks target specific consumers with even better options. Issuers like American Express send mailers to potential customers with limited-time offers for which they have been pre-selected. Others, like Chase, make certain sign-up bonuses available only in their physical branches for banking customers, such as when Chase pulled online offers for the Read the full story
Aussie Banks Face Squeeze as Conduct Probe Crimps Pricing Power
BloombergNon-stop business knowledge Get more on The Bloomberg App A recent spike in funding costs is happening at the worst time for Australia’s big banks, as intense public scrutiny crimps their ability to pass on increases to customers. The banks are fighting to defend their reputations in the face of an inquiry into misconduct and mistreatment of customers. Two weeks into hearings in front of a Royal Commission, allegations have included claims some bank staff took cash bribes to facilitate mortgages Read the full story
TREASURIES/BONDS/STOCKS
The market needs a win on Wednesday after the rout in tech
CNBC
Tuesday's slump leads people to question whether the big momentum trade in tech is over Read the full story
US Treasury yields slip as investors flock to safe havens
CNBCU.S. government debt prices rose Wednesday as a global decline in stock markets pushed investors into perceived safer assets like long-term debt. Read the full story
Top 5 Things to Know in the Market on Wednesday
Investing.com© Reuters. 5 key factors for the markets on Wednesday Read the full story
An $800 billion disconnect between the Fed and Treasury is ballooning in bonds: Wells Fargo
CNBCJust as the Federal Reserve pares back its bond holdings, the U.S. government is bringing more to market. That could have a major impact on bond yields, says Wells Fargo. Read the full story
Economist fears a 30 percent stock market correction with consumer spending ‘maxed out’
CNBCStock markets could see a hefty fall in the coming months due to a slew of trends that point to a downturn in the global economy, one economist told CNBC. Read the full story
Goldman Sachs computer model warns bear market is near but the firm's analysts don't believe it
CNBCA computer model built by Goldman Sachs is signaling that a bear market is right around the corner, but some strategists at the investment bank are not buying into their own indicator. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Litecoin Is the Dark Web's Favorite Altcoin - Bitcoinist.com
Bitcoinist.net
Litecoin has unexpectedly increased in preference among internet users looking to transact cryptocurrencies for illicit services. It is now the second most popular cryptocurrency on the Dark Web — behind only Bitcoin. A Lite in the Darkness Litecoin (LTC) is now the most popular altcoin on the Dark Web. According to a report from Recorded Future, Litecoin has unexpectedly surpassed other cryptocurrencies in preference “and is currently the second most dominant coin on the dark web after Bitcoin. Read the full story
Bitcoin News: Bitcoin Cash rise, Ethereum's demise ‘not surprising’ says crypto expert
ExpressETHEREUM'S loss in 2018 could be Bitcoin Cash’s gain according to a new report that combines data from trusted industry-specific sources, and google search popularity. The report predicts a massive rise in the value of Bitcoin Cash, and a fall in once “unique” Ethereum. In a report titled Cryptocurrencies: Past, Present and Future researchers claim to use historical data and a "data-driven algorithm" to predict that Bitcoin Cash will hit "$2000 per unit by May 2018”, marking from the beginning Read the full story
Crypto market-cap dips below $300 billion as Bitcoin nears long-term support
MarketWatchThe total value of digital currencies fell below $300 billion overnight as more broad-based selling pushed some major digital currencies to multi-month lows. Read the full story
Expert Tells Us Why Ethereum's Price Has Been Declining for 3 Months
InverseEthereum is in the midst of a long-term price decline, which one expert notes is due to a wider consolidation in the marketplace also seen with Bitcoin, Bitcoin Cash, Ripple and Tron. It's unclear where the cryptocurrency will move from here after a sell-off. Read the full story
Want to know where stocks go next? Watch bitcoin
Yahoo FinanceBitcoin prices appear to have become more closely related to how much investors are willing to pay for future corporate cash flows, say analysts from Morgan Stanley. And this could be a big deal for where the market goes next. Read the full story
Are Bitcoin ETFs Back on the Table Again?
Barron'sCboe Global Markets argues that cryptofunds aren't so different from other commodity-related funds, addressing regulatory concerns about valuation and liquidity. Read the full story
Canadian cryptocurrency miner buys golden hands of Nelson Mandela for $10M in bitcoin
CBC NewsA Canadian cryptocurrency exchange has bought four golden casts of the hands of former South African president Nelson Mandela for $10 million worth of bitcoin. Read the full story
CURRENCIES
Forex - Dollar Pushes Higher as Trade Tensions Remain Elevated
Investing.com
© Reuters. Dollar pushes higher as trade tensions remain elevated Read the full story
Pound to euro exchange rate: Improvement from sterling following stagnated week
ExpressTHE POUND has improved slightly since a steady week has seen it hold against the euro following a lack of news regarding the economy and Brexit, which have previously caused fluctuation for the exchange rate. The pound is currently trading against the euro at £1.144 as of this morning. Read the full story
Forex - Dollar Retreats From Highs But Remains Supported on Sterling Weakness
Investing.comForex Mar 27, 2018 17:21 GMT Investing.com – The dollar retreated from session highs against a basket of major currencies amid mostly negative economic data but losses were limited by easing fears of a global trade war and sterling weakness. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.34% 88.94. The dollar hit a session high of 88.93 before giving up some of its gains as upbeat housing data was offset by a slump Read the full story
Rupee opens marginally higher against US dollar
Livemint
Mumbai: The Indian rupee was trading marginally higher in opening trade against the US dollar on Wednesday, tracking gains in its Asian peers. Read the full story
Livemint
Mumbai: The Indian rupee was trading marginally higher in opening trade against the US dollar on Wednesday, tracking gains in its Asian peers. Read the full story
Do Not Sign A DNR Before You Read This
Investor's Business Daily
Patients, beware. When you're admitted to a hospital, you're routinely encouraged to sign a Do Not Resuscitate order, also known as a DNR. Don't assume it will be applied only in extreme circumstances. New research shows having those three letters on your chart could put you on course to getting less medical and nursing care... Read the full story
5 Easy Ways to Fight Inflammation
Cooking LightUse this checklist to get your body back on track. Read the full story
Alzheimer’s memories could be switched back on with implant
The TelegraphAlzheimer’s sufferers could once again remember the faces of loved ones, or find their way back home, after scientists developed a way to boost memories. Read the full story
Science Says These 8 Foods Can Help You Feel Better When Endometriosis Pain Gets Brutal
Elite DailyWhen I go to the doctor for any kind of bug or infection, sure, he’ll write a prescription if needed, but nine out of 10 times, I can expect a tidbit of instruction that has to do with my diet. Plenty of fluids for everything, broth for a cold, cranb… Read the full story
New Human 'Organ' Was Hiding in Plain Sight
National GeographicThe interstitium, scientists found, is under our skin and between our organs. Understanding it may eventually help treat disease. Read the full story
Hormone replacement may fight belly fat, study says
CNNTo combat the risks of belly fat, menopausal women are encouraged to eat healthy, watch their weight and exercise. Now, there may be another weapon: menopausal replacement therapy. Read the full story
8 weight-loss tips you can incorporate into your diet that actually work
Business InsiderIncorporate healthy fats, such as avocado, into your main meal. Weight loss requires adopting healthy eating habits that leave you feeling satisfied. Carbs and fat are not the enemy. Both have their place in a healthy weight loss plan. If you want to make weight loss easier, you need to move your body. Exercise is key. Losing weight is no easy feat. With thousands of diets and fitness trends to choose from, it's no wonder many Americans struggle to drop the pounds and keep them off. In order to Read the full story
13 Unexpected Signs Of High-Functioning Depression To Watch Out For
BustleWhen it comes to depression, there are certain signs that many people are familiar with, like loss of interest in things someone once loved, low energy, and sadness. But not all signs of depression are so blatant. Some people have symptoms of high-fu… Read the full story
USA/CANADA
U.S., South Korea come to agreement on trade deal
CBS News
Administration officials call revised deal "a huge win for the American worker" Read the full story
At Least Twelve States to Sue Trump Administration Over Census Citizenship Question
The New York TimesOpponents said the question was certain to depress response to the census from noncitizens and even legal immigrants. Read the full story
U.S. Social Security funding should ease customer-service crisis
Reuters
(The opinions expressed here are those of the author, a columnist for Reuters) Read the full story
CBS News
Anti-smoking groups filed the lawsuit arguing the delay poses a threat to children's health Read the full story
EMERGING MARKETS
For one father and son in Puerto Rico, Hurricane Maria’s cloud has not lifted
Salon
To reach the Martinez home in Puerto Rico’s central mountains, social worker Eileen Calderon steers around piles of dirt, treacherous potholes and power company trucks that block the road. Finally, she pulls up to a sagging, cement home, its roof done in by Hurricane Maria. Laundry hangs under a tarp, and a cat is tied to a leash outside the door. Calderon, who is based in San Juan, and works for VarMed, a company that handles complex medical cases in Puerto Rico, has brought two colleagues — a Read the full story
Puerto Rico Is Trying to Overhaul Its Public Schools and Teachers Are Furious
Mother JonesShouting to be heard over protest chants in the background, Christina Rodriguez tried to explain why she wasn't in her classroom that Monday but was marching and protesting in front of the Capitol building in San Juan, Puerto Rico. "We are here because we haven't been treated fairly," said Rodriguez, a tall woman with her hair pulled back... Read the full story
Global AutomotivePlastic Fuel Tank Market - Increasing Demand for Automobiles to Drive Growth | Technavio
Business WireLONDON--(BUSINESS WIRE)--#Automotive--Technavio market research analysts forecast the global automotive plastic fuel tank market to grow at a CAGR of more than 4% during the period 2018-2022, according to their latest report. This market research report segments the global automotive plastic fuel tank market into the following applications (passenger vehicles and commercial vehicles) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors Read the full story
Passive Is Driving Emerging-Market Returns, Google Searches Show
Investor's Business DailyPassive investors are driving returns in emerging-market debt like never before. Read the full story
Brazil's Odebrecht signs contract with power utility
ABC NewsOdebrecht, the Brazilian construction company at the center of Latin America's largest corruption scandal, has signed a $174 million contract with the power utility company Furnas. Read the full story
MIDDLE EAST
OPEC seeks "very long-term" cooperation with other oil exporters
Gulf Business
The comments come after news that Saudi Arabia and Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters The post OPEC seeks “very long-term” cooperation with other oil exporters appeared first on Gulf Business. Read the full story
Iraq says OPEC to decide on cuts by the end of the year
ABC NewsIraq says OPEC will decide by the end of this year whether to extend production cuts and by how long Read the full story
Iraq wants to 'keep away' from U.S.-Iran conflict, Prime Minister Abadi says
ReutersIraq wants to "keep away" from the U.S.-Iran conflict, Iraqi Prime Minister Haider al-Abadi said on Wednesday. Read the full story
AFRICA
Zimbabwe: Alleged U.S. Tax Fraudster Arrested in Chiredzi
AllAfrica
(Photo: Tony Webster/Flickr) ONE of the fugitives wanted by Zimbabwe police for allegedly swindling the American government of over $7m in tax fraud has been arrested in Chiredzi. Andrew Tashanduka Bere was nabbed barely 24 hours after the ZRP launched a manhunt for three suspects wanted in the United States of America for the fraud which was committed in 2007. Bere was arrested in Chiredzi at his family homestead last Wednesday. He has since appeared before Chiredzi magistrate Geraldine Mustoto Read the full story
Zimbabwe: President Speaks On New U.S. Re-Engagement Terms
AllAfricaThe United States (US) should make decisions on Zimbabwe from an informed position and stop reading only the text of opposition political parties that are afraid of elections, the President has said. He said the US, which last week proposed multiple prescriptive reforms as a precondition for re-engagement with Zimbabwe, should have an appreciation of the situation on the ground to make rational decisions. Two US senators -- Messrs Jeff Flake(Republican) and Chris Coons (Democrat) -- who are Read the full story
Zimbabwe: Striking Doctors Dismiss Govt Threat to Block Their Salaries
AllAfrica(Photo: Pixabay) The stand-off between government and striking doctors continues with the medical practitioners scoffing at the threat by their employer to withdraw salaries. Zimbabwe Hospital Doctors Association (ZHDA) spokesperson Dr Mxolisi Ngwenya confirmed that they had received communication from government threatening the withholding of salaries but insisted this would not deter them. He was addressing journalists at Parirenyatwa Hospital in Harare where a group of medical practitioners Read the full story
US misinformed about situation in Zimbabwe: Emmerson Mnangagwa
The QuintHarare, March 28 (IANS) Zimbabwe President Emmerson Mnangagwa has said the US government made its recent decision to extend sanctions against Zimbabwe on the basis of misinformation by opposition parties which are afraid of losing the upcoming elections.last week, the US extended its decades long sanctions against Zimbabwe, imposed in protest over Harare's land reforms in which white-owned farms were taken over to resettle landless peasants, and perceived misgoverning and human rights Read the full story
ASIA
Private markets set to grow in Asia as investors look to diversify beyond stocks
South China Morning Post
Private equity, private debt and other options attracting increasing attention in search for better returns and risk management Read the full story
North Korea's Kim Jong Un arrives in China for first-ever foreign trip
USA TODAY
A mysterious armored train rolled out of Beijing on Tuesday after fueling rampant speculation that North Korean leader Kim Jong Un had visited China. Read the full story
Kim’s Message for Trump: China Is Back on Our Side
BloombergNon-stop business knowledge Get more on The Bloomberg App Kim Tells Xi N. Korea Willing to Dialogue With U.S.: Xinhua Kim Jong Un just sent a powerful message to U.S. President Donald Trump ahead of planned talks: China is back on North Korea’s side. The North Korean leader and his wife received a warm welcome in his first trip abroad since taking power in 2011, holding talks with President Xi Jinping and meeting a host of dignitaries. Xi told Kim that China has made a “strategic choice” to have Read the full story
China's Fosun aims to invest $3.2 billion in technology over three years
ReutersAcquisitive Chinese conglomerate Fosun International, which owns Club Med and Cirque du Soleil within its broad portfolio, said on Wednesday it aims to invest 20 billion yuan ($3.19 billion) in technology in the next three years. Read the full story
EUROPE
EU budget: Brussels mulls a €56 billion ECB raid to fill Brexit black hole
Verdict
European financiers will today discuss a plan to raid €56 billion from the European Central Bank's (ECB) revenues to fill an EU budget gap left by the UK leaving the bloc. A proposal to channel ECB revenues from printing banknotes in 19 national central banks directly to EU coffers, will be discussed by the European Commission during... Read the full story
Greek Cypriot president welcomes EU support over gas issue
AljazeeraGreek Cypriot President Nicos Anastasiades has hailed as "unprecedented" the European Union's condemnation of Turkey for blocking his government's search for offshore oil and gas of the divided island. Anastasiades spoke in reaction to a statement made by EU leaders on Thursday, condemning Turkey for blocking of a private drill ship off Cyprus in February. {articleGUID} "For the first time, there is an unprecedented strong condemnation of Turkey's continuing illegal activity in the eastern Read the full story
A year away from Brexit, Britons' views remain as entrenched as ever
ReutersLeaning over the counter of his seafood stall in the English seaside town of Great Yarmouth, Darran Nichols-George says those still moaning about the British vote to leave the European Union need to stop complaining. Read the full story
5,000 UK finance jobs may be moved by Brexit, half earlier forecast: Reuters
ReutersThe number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in international finance told Reuters. Read the full story
European markets are tanking as the tech sell-off spreads
Business InsiderPeople write messages next to a slogan at Facebook's headquarters in London, Britain, December 4, 2017. Stock markets are down across Europe after sell-off in the US overnight. The slump is driven by reignited trade war fears and the fallout from Facebook's data scandal. The Stoxx Europe 600 Technology index is down 2.5%. LONDON - Global stock market's wild week continued on Wednesday as European markets followed counterparts in Asia in the US on a downward slump. Here's the scoreboard of the Read the full story
Britons could lose rights to urgent treatment in EU after Brexit, peers warn
The TelegraphMillions of Britons could lose their rights to urgent medical treatment while travelling in the EU after Brexit, a parliamentary committee has warned. Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Thurssday 3/29/18 did update on the indicative rates Sell Rate 1184
The currency auction is 179,697,854
There is no news and announcements for Thursday 3/29/18
ISX Update:
Value Traded
1,485,989,507
Shares Traded
2,394,761,533
ISX ended in Green
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Kauaihn Chatter:
3-29-2018 *** Dinar Guru News Update *** For the second day in a row the CBI is reporting a steady dinar market rate at the new 52-week high of 1209 (remember the lower this number, the stronger the dinar). Guru Kaperoni, along with a few other gurus, feels the IMF "2%-for 90 days rule" must be satisfied before the dinar can reach international acceptance...he feels the dinar official rate and market rate have been within 2% for the past couple weeks already! You can follow the CBI official rate and CBI reported market rate in the Dinar Guru Recource Bar on the left of this page. [The latest guru updates will continue below..]
3-29-2018 Newshound Guru Enorrste [Guru] Mike's question is well put: What, exactly are the conditions to begin removing the zeros? The answer to that question, not surprisingly, is really quite simple. The one condition that is needed is the assurance that the value of the dinar will rise when they move to the international currency market and Article VIII. The problem with discussing "remove the three zeros" is that it is seen as an event...when in fact it is a process, as will be the case in Iraq. The ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency... It has been shown conclusively that the RV concept is not tenable because there is too much currency in circulation to effect an RV. The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises. Therefore, "remove the three zeros" can only occur over time with the gradual rise in the value of the currency. [post 1 of 3....stay tuned]
3-29-2018 Newshound Guru G-Lin Article: "Urgent: The value of the dinar rose to 1197 per dollar" [If it goes much lower, it will not be very profitable and then why the auctions.] Yep the auctions need to stop. I think when they talk about preventing manipulation and fraud as far as deleting the 0's, they are referring to the auctions. JMO.
3-28-2018 Newshound Guru Adam Montana [I have heard mention that the HCL was passed, or is in a budget to be passed or something like that. Are we really that close to the enactment of the real HCL? Is it imminent? And if so, how does this realistically affect an RV timetable. If it isn't really imminent, then how does that extend your timetable for the "event"?] It has not been passed yet, but YES we are on the verge.
3-28-2018 Intel Guru Delta Article: "The value of the dinar rose to 1197 per dollar" Quote: "The value of the Iraqi dinar against the dollar rose Wednesday by more than 0.41%. At 12:06 am Baghdad time, the dollar exchange rate against the dinar per 100 dollars was 119,750 dinars, while the asking price was 120.750 dinars per 100 dollars." THIS IS SO HUGE I WAS WAITING FOR IT TO DROP BELOW 1200...
3-28-2018 Newshound Guru Kaperoni Article: "The value of the Iraqi dinar to 1197 per dollar" ...they are in compliance so they are on the clock...10 weeks or about to Article VIII. And we all know the CBI needs Article VIII to get foreign investors to Iraq...
3-28-2018 Intel Guru Bruce ...Some of the sources that we talk to have been remarkably quiet, and they have been sort of under a gag order...we have had before from Iraq, but not to the extent we have seen it yesterday and today...The budget was in the so called digital version of the Gazette Saturday. It has been out. The printed version however has not been put out. We heard today it is to be revealed tomorrow [Wednesday] in the Gazette in Iraq...It may be something that has to happen for us to go... We know from our Iraqi contacts the Qi cards, the one I know about have been activated and shows a nice rate in that account for the Iraq dinar, a very good screen rate...it is a good strong rate and it would be a good rate even for an exchange... As far as I can tell we are in a really good window for this to roll out. One of our bank sources on Monday said the next couple of days, that would be Tuesday and Wednesday, will be monumental...We can all imagine what that might mean. I just going to say everything is very positive right now and pointing to this going in our favor. I believe we are about to see the blessing come into fruitition.
3-28-2018 Newshound Guru Adam Montana It’s been a very interesting week, if you ask me! And the coming days should also be interesting. Last week I talked about the upcoming Parliament meeting where we might see the HCL addressed...That Parliament meeting I discussed is set for TOMORROW, Thursday 29th of March.There is actually a LOT of HCL related news going on right now - too much to even list it all here! We also have the end of Q1 at the end of this month, and we’re in a 15 day window on the Budget. SERIOUSLY, FOLKS! This is getting gooooooood...3-28-2018 Newshound Guru G-Lin Article: "Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention" Quote: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes..." I like this art. They are comparing the dinar against the Bolivar, and there is no comparison at all, Iraq has low inflation and nice high reserves and is much stronger economically than Venezuela. But they are still talking about deleting the 0's in Iraq. And the last paragraph [see quote] says it all. IMO it has lower denoms written all over it. Reduce the note count, use the dinar instead of dollar, exchange and storage value and standardize the size of banknotes. Remember there is no rv in country only outside of country. Us. :} Iraqi will benefit with a stronger purchasing power
... 3-28-2018 Newshound Guru Adam Montana It’s been a very interesting week, if you ask me! And the coming days should also be interesting. Last week I talked about the upcoming Parliament meeting where we might see the HCL addressed...That Parliament meeting I discussed is set for TOMORROW, Thursday 29th of March.There is actually a LOT of HCL related news going on right now - too much to even list it all here! We also have the end of Q1 at the end of this month, and we’re in a 15 day window on the Budget. SERIOUSLY, FOLKS! This is getting gooooooood...3-28-2018 Newshound Guru G-Lin Article: "Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention" Quote: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes..." I like this art. They are comparing the dinar against the Bolivar, and there is no comparison at all, Iraq has low inflation and nice high reserves and is much stronger economically than Venezuela. But they are still talking about deleting the 0's in Iraq. And the last paragraph [see quote] says it all. IMO it has lower denoms written all over it. Reduce the note count, use the dinar instead of dollar, exchange and storage value and standardize the size of banknotes. Remember there is no rv in country only outside of country. Us. :} Iraqi will benefit with a stronger purchasing power
3-28-2018 Intel Guru Dr. Clarke Again, this is WHY we printed what we printed...in our 3-26-18 Post [reference Dr. Clarke post 3-27-2018] ...but you have to read it carefully. CAREFULLY. ADD TO THAT...the U.S. status:Budget signed. OIL rising in markets worldwide over $70 (we told you this way back last year - they want it at $90 by yr. end), Crooks being brought to justice...Gold? Silver? Crypto’s?...Iran’s currency tumbled yesterday (we told you that last year also). Vietnam is setting records ( we told you that from the beginning)...and more. WE’RE RIGHT THERE FOLKS. Are our “IL-LOGICAL” Opinions clear Today? [post 2 of 2]
3-28-2018 Intel Guru Dr. Clarke Where are We At NOW? If you haven’t noticed by now after all these years - this thing CHANGES IN A MOMENT’S NOTICE. WHY? Because it’s BIG. It’s too Important to hundreds of Millions of people. Yes, hundreds of Millions, on EVERY CONTINENT ON THIS GLOBE. The GOOD NEWS, is that all the groundwork has been laid, and is pretty much over. For Instance, when was the last time the country of Iraq, actually COMPLETED a BUDGET & made it Public into LAW? How about NEVER ever before? Well, they just did, and it’s about to be OFFICIAL. That word we keep Powerfully emphasizing. OFFICIAL.That ONE THING alone, should tell you, where this thing is at, compared to the past 15 years. [post 1 of 2....stay tuned]
3-28-2018 Intel Guru Dr. Clarke Where are We At NOW? If you haven’t noticed by now after all these years - this thing CHANGES IN A MOMENT’S NOTICE. WHY? Because it’s BIG. It’s too Important to hundreds of Millions of people. Yes, hundreds of Millions, on EVERY CONTINENT ON THIS GLOBE. The GOOD NEWS, is that all the groundwork has been laid, and is pretty much over. For Instance, when was the last time the country of Iraq, actually COMPLETED a BUDGET & made it Public into LAW? How about NEVER ever before? Well, they just did, and it’s about to be OFFICIAL. That word we keep Powerfully emphasizing. OFFICIAL.That ONE THING alone, should tell you, where this thing is at, compared to the past 15 years. [post 1 of 2....stay tuned]
3-28-2018 Newshound Guru Don961 Article: "Parliamentary oil: the agreement between Russia and Saudi Arabia on production will revive the Iraqi economy" Quote: ..."the increase in international oil prices reflect positively on the Iraqi economy because it depends on the sale of oil in the provision of budget funds on a basis." "Any increase in the country's financial imports will support the budget, reduce the deficit and increase the cash reserves of the Central Bank of Iraq,"... Hmm...higher oil prices increase cash reserves in the CBI...why that may also inadvertently raise the value of the floating currency in the markets...heard something about this on a CC somewhere...is this part of a master plan? ...are things lining up and falling into place for a reason?...imo.
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Elmer:
Not in today
Artmeister:
Not in today
Catnip:dd
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ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new postings on PM Abadi's website; all posts have already been shared.
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ARTICLE 2
Jubouri sets the last session of parliament and ends the current session
2018/3/28 13:42
[Ayna-Baghdad]
Speaker of the House of Representatives Salim al-Jubouri, the last session in the current legislative term.
"The current legislative term ends on April 4, 2018 according to the Constitution and the current parliamentary session ends on 30-6-2018," Jubouri said in a statement to his office.
He added that "the Council can hold a regular session within the session or exceptional as necessary," stressing that "the Presidency will call for a meeting in which the completion of voting on the important laws remaining under the custody of the Council."
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ARTICLE 3
Sources: Camp children between (3 - 9) years suffer from great psychological pressure
BAGHDAD, March 29 (Xinhua) - The Office of the United Nations High Commissioner for Human Rights (OHCHR) has announced that children are being subjected to psychological pressure because of the difficult humanitarian conditions that have afflicted them after the fall of their cities.
"The fact-finding team, headed by the IDP file, has documented many displaced children from Emaar
(3 - 9) years in the displacement camps in Diyala, Kirkuk, Basra and Baghdad to psychological and neurological cases due to the terrorist operations and violations against them, in addition to their displacement and loss of the breadwinner and the team through the documentation of the investigations of the refusal of displaced persons to return to their areas for economic and security reasons and poor service aspects And calling for international and local humanitarian organizations and UN agencies, including the United Nations Children's Fund for UNICEF operating in Iraq, as well as government agencies represented by the Prime Minister and the Ministries of Health, Labor, Social Affairs and the Interior to "The preparation of programs in coordination with the Office of the High Commissioner for Human Rights contribute to rehabilitate the children of internally displaced persons psychologically and morally and help their families to return voluntarily to their original areas where they have already abandoned the importance of attention to the service and health aspects and the construction of their destroyed homes and security and ensure the return of terrorist gangs to their areas and stability to ensure a healthy living for them "He said. AH
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ARTICLE 4-A
The arrest of a dangerous evangelist air landing in Anbar
2018/3/28 13:32
[Where - Continue]
A security force arrested the so-called prince of the desert in gangs calling the terrorist called [Saab Abdullah al-Issawi] and his assistant [Dhiab al-Issawi] in Anbar province ..
Security sources said the operation was "carried out by an anti-terrorism force with aerial landing in coordination with Iraqi army aviation."
She explained, "[Al-Issawi] responsible for the booby-trapped cars in the depth of the desert"
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ARTICLE 4-B
The engineering effort continues to lift mines in the refractories and start the inspection and security of the desert of Najaf and Badia
March 29 - The Military Information Cell announced on Thursday that "the engineering detachments of the field continue to dismantle the mines in the district of Baiji," adding that " All of them for the third consecutive week. "
"The operation was launched with the participation of the crowd in Najaf and the police of al-Manathrah district to comb the desert of Najaf and the Badia from the borders of the judiciary," the statement said. To the borders of the provinces of Samawa and Diwaniyah, in order to secure Najaf province of terrorist elements. " AH
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ARTICLE 5
Discover the amazing facts about the Turtle
2018/3/29 10:59
[Where - Continue]
Scientists have found that sea turtles evolved over the past centuries until they used their fins as a tool to capture jellyfish and do a number of other things.
Previously, the brains of reptiles were thought to be too small, as they could not perform the skill required to do some things using their limbs.
"Our belief was that sea turtles were using their fins to swim and change direction only," the scientists said.
But after researching images and videos of sea turtles, researchers in California discovered that the creatures were "surprisingly agile."
The pictures, which the researchers studied, reveal some turtles carrying jellyfish, and their fins are used to catch the sea object known as the "Carpathian Coral," the newspaper Telegraph reported.
It also shows the smooth images of turtles moving inside the sea, and how they move between the coral reefs with all its usefulness.
"Turtles use their fins in at least eight things, including digging, beating, caressing, constipation and defamation," the researchers said.
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TNT Call notes 28- March-2018 by Adept 1 :
Ray Ren: Good Afternoon, TNT Super Fantastic Family. This is Wednesday, March 28, 2018 with yours truly Ray Ren98 here. It's Tony's BirthdayTony:
Good morning, TNT! What’s going on?
RayRen: There were no updates yesterday because there was just stuff happening; they are playing political games over there.
Tony: Iraq put out news articles saying the Budget will be posted in the next two days. All the articles and information agreeing on that. There is a group with Maliki saying they cannot publish it in the Gazette, and the other groups say it must be published in the Gazette because it is now law. They are saying it will be effective on Sunday 1. April. Others say it was effective from 1. January, 2018. They say they are paying people this Thursday all the way back to November. Today on television, they said that “all citizens salaries will be adjusted 10-30& because of increase in revenue”. We are getting a bunch of good news, that things are moving forward.
We told you about rates on the bank screens on Monday. We got a call early Monday morning saying there was a ‘blind rate’. We looked into that: it wasn’t a rate, more of a code, although the tellers and private bankers did think it was a rate. Only the top execs knew it is a date and time for this to be activated. We got this over the last couple of days from various banks. Months ago, the banks said that the next time they call, it will be time for staff to go to their locations. Some banks are being briefed on new procedures for the exchange. They are at the meeting right now, so I won’t know the results until after this call. I know they are ready to go, just waiting for Iraq to make it public. Iraq is confusing us because of all these conflicting articles. At least they are notifying their people that the time is now. The ministers are on television demanding publication of the Budget in the Gazette today! It’s kind of crazy, and that’s what we expected at the end. I just want everything to be effective by Sunday or tomorrow.
Iraq is putting the information out there, and I don’t see them giving people 3-4 days notice to either stop spending their dinars because the value is going up, or for the rest of us to buy more dinar because eth value is going up. It doesn’t make sense to me; what makes more sense to me if for them to announce it for Sunday and do it now!
The banks here are ready to go, and going over the last procedures as we speak. There is one group out there saying it won’t happen until the middle of April, but everyone else is expecting the RV this week.
Questions from the TNT forum
Q: When exchanging as a trust, who has to be present? Do the trustees have to attend if they’re not signatories on the account? Who would have to attend if a new account has to be opened? A Only signatories have to be present, so one trustee is enough.
Q: With all the teaching on the A, B and C choices, I know which I am leaning towards; am I correct in understanding that ALL that can be set up after the RV? A: Yes, and for most of you, that is when you will do it because you have no choice.
Q: Does the mention in the Saturday update for Abadi to react by March 29 if a quorum is not established at the March 27 session include a “nuclear option” of implementation of the Budget if the quorum was not met? Must he/and the process follow the 15 day rule? Tony: That is passed already; they don’t need to revote, because Parliament said it’s ready to go into the Gazette.
Q: The IMF requires 2% compliance for 60-90 days before RI/RV. How long has Iraq been 2% compliant? A: We don’t know about that requirement.
Q: At one time you said that everyone would get the $28 for their Dinar. This was to allow even the small holders to make some money and there would be a cap on all the rest. Is this still true? And are we still going to have to go to our district to exchange? A: Yes, and yes. You have to sign the NDA to get that contract rate. Everyone has the opportunity to get the contract rate IF they ask for it, and sign the ten-year NDA. So far as we have been told, you must exchange within in your district.
Q: Have you heard anything from the Admiral? A: I haven’t heard from him. There has been a rumor that he is being paid every day for the last two years. I know people in Reno, people who are paymasters in that group, and no one has been paid at all.
Q: I was told by an investment firm they don't believe in annuities, because you can lose money and your assets are not that well protected. Do you agree with that? A: You should visit both the insurance company and the private banker, and make a decision on what you want to accomplish, what you want to get for how long, and if our economy can carry that. I’m sure it’s different for everyone according to how much they are willing to put into that situation.
Q: Do we have any new information regarding veterans? A: when the 800 numbers go live, call them and ask their procedures for veterans. I believe there is some setup for veterans to exchange.
Q: Both of my children, ages 16 and 17, along with myself, were gifted 100 trillion note of Zim. (for a total of three) . With them being minors, my name is on each of their bank accounts. If they exchange their Zim into their accounts, will this affect me depositing mine into my account? A: I don’t have an answer for that.
Live questions
240 caller: A friend asked about this: will the banks require proof of where the currency was purchased if it is given to family without a gift letter. That is, can she give her family currency without drafting a gift letter.
Tony: I don’t think the bank will ask for proof UNLESS someone walks in with a suitcase full of currency. Then they will want to know where it came from, and where the money came from to buy it. If you are walking up to the teller with 100K or so, I don’t see that being an issue.
Caller: Does the exchange center determine the Zim rate and amount of payout.
Tony: The rate is already set; we have been told you will only be able to exchange one 100 Trillion Zim note at the first appointment, and ten 100T overall. However, my bank sources have not been told that, although I don’t know what they are hearing right now in the briefings taking place this morning.
865/404 caller: So… they are saying that Iraq is getting ready to go public? What are they expecting exactly at the US banks?
Tony: I have various banking people who told us about the blind rates, and also that the target is to complete it this month. That has come from three different states.
Caller: Supposedly the Budget has already been published in the digital Gazette.
Tony: I haven’t talked to my government people over there; people in the street are telling us what’s on the television.
951 caller: On this blind code thing, they say there is a date and time? Do the banks know something that we don’t know?
Tony: They know the day and time this is scheduled to go, yet. I think they have until seven o’clock to put this in the Gazette. I don’t see why they would wait until Sunday, but if they do publish the Budget, you know what you should be doing over the next few days.
702 caller: I have a revocable trust; can I use that to exchange?
RayRen: For what reason?
Caller: You keep saying you should put it in an entity.
RayRen: That’s not a reason. WHY do you want to put it in a trust – what is your purpose for doing that? Saying that I said to do it is not a reason.
Caller: Can I change my revocable trust into an irrevocable trust?
RayRen: I doubt it; you might be better off creating a new one.
808 caller: Is an LLC considered an entity? I’ve already put half of my currencies in there for exchange, so I can present that as a separate entity from myself.
RayRen: Yes, although it’s just a pass-through for you.
Next caller: Do we still exchange up to one million dollars through the teller?
Tony: We haven’t been updated on any changes so far.
Next caller: Remember to be anonymous and confidential after your exchange. Don’t go anywhere ‘old’ with your new computer, phones, whatever. Anything more on the NDA?
Tony: I think that is all still good if that is what you have decided to do. Some want to get off the internet altogether because of FB, banks being hacked, offers and so on.
We haven’t seen the NDA yet, but will do what we can about letting you know.
860 caller: You said something about an affidavit when you purchase for others. I had several people create a notarized letter saying they asked me to buy X currency at Y price for them – they are out of state. Do I have to do more than that?
Tony: No, that should be fine as a paper trail.
Closing Statement
Tony: That’s all the information we have: they are trying to get it in the Gazette today, and we really should see this by Sunday or sooner.
RayRen: Keep believing. We do.
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