Word on the Street Friday 4/13/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|
| USD/IQD |  1,169.8000 |  1,218.4000 | 1,169.8000 | 1,169.8000 | 1,169.8000 |  0.0000 | 20:00 |
| USD/VND | 22,751.5000 | 22,821.5000 | 22,751.5000 | 22,481.0000 | 22,481.0000 | 270.5000 | 03:20 |
| USD/CNY | 6.2775 | 6.2795 | 6.2930 | 6.2775 | 6.2898 | -0.0123 | 06:35 |
| USD/KWD | 0.2990 | 0.3010 | 0.2995 | 0.2990 | 0.2994 | -0.0004 | 03:44 |
| GBP/USD | 1.4289 | 1.4292 | 1.4294 | 1.4222 | 1.4238 | 0.0051 | 06:34 |
| USD/IRR | 12,048.0000 | 12,428.0000 | 12,048.0000 | 12,048.0000 | 12,048.0000 | 0.0000 | 17:51 |
| USD/IDR | 13,745.0000 | 13,759.0000 | 13,776.5000 | 13,739.0000 | 13,766.0000 | -21.0000 | 06:32 |
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DC NY Iraq Articles:dd
Announcement of the date and purpose of the visit of the members of the Security Council of Iraq
April 13, 2018
Baghdad - Agencies
The 15 members of the UN Security Council will visit Iraq, Burma and Bangladesh from April 26 to May 2, the United Nations said.
"The visit of members of the council to Iraq is aimed at showing the United Nations support for the elections scheduled for May 12," the UN agency said.
Western reports said on April 9 that a large delegation of representatives of the 15 countries of the UN Security Council will visit Iraq for the first time ahead of the May 12 elections in support of the democratic process.
"Although the details are not completed, the visit of the UN Security Council delegation is a message to Iraq and the international community that Iraq has risen again and returned to the international arena with full force to the international arena," Iraq's ambassador to the United Nations Mohammad Hussein Bahr al-Ulum said.
"Our messages to the world during the war against Da'ash were very clear. The international community supported the unity of Iraq, as well as the international community's support for Iraq in the war against Da'ash, which led to positive results," he said.
The Permanent Ambassador of the Netherlands to the United Nations, Karl van Astrom, stressed that "the visit to be held before the parliamentary elections on 12 May next will send a clear message that the UN Security Council supports the democratic process in Iraq," adding that a delegation composed of representatives of 15 countries In the Security Council, is scheduled to visit Baghdad for the first time, and said: "If we look at the date of the visit to Iraq, it comes before the date of the elections, as the message is clear as the UN Security Council supports the draft Iraqi elections."
According to diplomats in the UN Security Council, preparations are underway in full swing for this visit, and the declared goal is to support the political project in Iraq after the war, "urging."
Millions of dollars worth of imports
April 13, 2018
Baghdad - Journal News
Iraq receives throughout the year many Arab and foreign visitors who visit the holy shrines, as well as receiving millions of them on the dates of large religious visits in the provinces of Karbala and Najaf, Baghdad and Samarra in Salah al-Din.
And coincided with the participation of thousands of Arabs and foreigners to commemorate the martyrdom of Imam Kadhim peace be upon him in the holy city of Kadhimiya, north of Baghdad, where they came through border crossings, observers wonder about the fate of the funds obtained to grant them a visa to the Iraqi territory set by the Ministry of Foreign Affairs at $ 40 per person .
Al-Ataba Al-Kadhimiya announced today the number of visitors participating in the revival of Imam Kadhim's visit on the anniversary of his martyrdom, noting that the number reached "5 million and 600 thousand visitors.
The border crossing authority announced the entry of more than 30 thousand visitors to Iraq through five outlets in nine days.
When calculating the number of visitors with the price of the visa will result in more than one million and 200 thousand dollars, except for the price of air tickets for Najaf International Airport, which ranked first in the number of arrivals, according to the Ports Authority, as well as Baghdad International Airport.
The Ministry of Foreign Affairs announced in November 2017 the import of visas to visit the four corners of the Imam Hussein peace be upon him, which is one of the largest visits in terms of the number of visitors, where Iraq receives millions and evade ground and air efforts where civil parks are used in general as well as land routes to receive arrivals to the province Karbala.
The ministry said its efforts to accommodate Iranian visitors rose to 3 million in 2017, noting "the increase in financial imports from the visa features from $ 10 million to $ 120 million."
In an official statement, Iran announced on March 21, 2018, the entry of 50 thousand Iranian visitors to Iraq on a daily average distributed on the thresholds of religion. According to the Director-General of the holy shrines of the Hajj and Visit Organization in Iran Mohsen Nafati, indicating that Iraq earns $ 2 million daily average, as a result of granting access to these visitors.
"The revenues that enter Iraq are not limited to the government fees imposed, but go to the street and the private sector in the country," said Jaber Al-Marsoumi, an economist. "The government can benefit more if hotels are developed. Governmental organizations in a manner that enriches visitors from going down in homes and furnished rooms owned by citizens and local companies. "
As for the fate of these funds and how to use them to rehabilitate the infrastructure of the country or provinces that are intended to visitors in particular, said the governor of Karbala Aqil Turaihi, "There are no refunds only foreign visa fees, and this goes to the Ministries of Finance and Foreign Affairs of the federal, We also do not know anything about these funds. "
He pointed out that "Karbala is witnessing annually the entry of three million visitors (on the visit of forty Imam Hussein, peace be upon him), distributed by 2.5 million visitors from Iran, and 500 thousand A visitor from the rest of the nationalities. "
He added that the work "in accordance with the adopted method of consumption is current, is not feasible, and is supposed to be religious tourism in Iraq is another extension of the state's financial budget, and a major financial resource of the country."
He added that the religious tourism sector "is suffering from lack of interest, and we are still thinking about Iraq that only oil is the only one who gives us money." d
The Patriotic Union of Kurdistan (PUK) is discussing its electoral future today
Release date: 2018/4/13 10:43 • 70 times read
(Baghdad: Al Furat News) The Central Council of the Patriotic Union of Kurdistan and the Preparatory Committee for the elections, on Friday, an important meeting, under the supervision of Kosrat Rasul Deputy Secretary-General of the Patriotic Union of Kurdistan.
"The meeting will be held this morning," said Zuber Osman, deputy secretary of the Central Council of the Patriotic Union of Kurdistan, in a press statement, adding that the meeting will focus on the upcoming elections and the Patriotic Union of Kurdistan preparations for success.He added that "we seek reconciliation with all, especially the people of Kurdistan, to provide them with the best services." He pointed out that "the preparatory committee of the National Union is supervised by Kusrat Rasoul and the membership of Mullah Bakhtiar, Hira Ibrahim, Qadir Governor, Saadi Bira, Qader Aziz, Rifaat Abdullah, Majid, Mustapha Jawaresh ".Osman said that the meeting will address the nomination of the representative of the Central Council in the Committee, "pointing out that" the decisions of the meeting will be directed to all the joints and institutions of the Patriotic Union of Kurdistan in order to start and the success of the elections. "
Appointment of a new UN official in Iraq
Release date: 2018/4/13 8:30 • 243 times scheduled
The Secretary-General of the United Nations, Antonio Guterres, has appointed Marta Ruidas of Spain as the new Deputy Special Representative of the United Nations Assistance Mission for Iraq (UNAMI).
A Rwandan statement received by the {Euphrates News} copy, that Ruydes will also assume the functions of the United Nations Resident Coordinator, Humanitarian Coordinator and Resident Representative of the United Nations Development Program in Iraq.
"The new secretary will act as the successor to Liz Grande of the United States, who has worked in Iraq since December 2014, and the Secretary-General expresses his gratitude for the leadership and dedicated service of Grandi during her term."
"Ruedes will have over 27 years of experience coordinating United Nations development and humanitarian work in conflict and post-conflict countries, as well as extensive experience in supporting peace-building transition processes," he said. "Since 2015, Resident and Humanitarian Coordinator in Sudan ".
The former Deputy Director of the United Nations Development Program in Afghanistan, the Deputy Director of the UNDP Office for Crisis Prevention and Recovery, the Deputy United Nations Special Coordinator, the United Nations Resident Coordinator and the Resident Representative of the United Nations Development Program in Lebanon.
Earlier in her career, Ruedes also served as Deputy Regional Director of the UNDP Regional Office for Europe and the Commonwealth of Independent States (CIS), resident coordinator in Bulgaria and Sao Tome and Principe, and worked with UNDP in Bolivia, Kyrgyzstan, the Republic of Georgia, Nepal, Mongolia and Mexico According to the statement.
"Ruidas holds a master's degree in international relations from Columbia University in the United States," the statement said
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24 Iraqis killed, injured in graveyard blast north of Salahuddin
http://www.irna.ir/en/News/82885097
Baghdad, April 13, IRNA -- Over twenty four Iraqi people were killed and injured in a bomb blast north of Salahuddin, an official said on Thursday.
In a statement, Ali Dawdah, mayor of Shirqat, said, “Ten people were killed, while 14 others were wounded as hand-made explosive devices went off, Wednesday night. The bombs were planted in a grave in Asdeira village in western Shirqat, north of Salahuddin.” Earlier today, a security source told Baghdad Today website that eight people were killed and injured as Islamic State militants attacked a village, northeast of Salahuddin, a security source said on Thursday, Iraqinews reported. “Islamic State members attacked Asdeira village, leaving four people dead and four others wounded,” he said. Islamic State continues to launch sporadic attacks across Iraq against troops. Security reports indicate that the militant group still poses threat to the stability of the country. A total of 104 Iraqi civilians and policemen were killed, while 177 others were injured in acts of terrorism, violence and armed conflicts in Iraq in March, according to casualty figures released by the United Nations Assistance Mission for Iraq (UNAMI). Thousands of IS militants as well as Iraqi civilians were killed since the government campaign, backed by paramilitary troops and the coalition was launched in October 2016 to fight the militant group, which declared a self-styled “caliphate” from Mosul in June 2014. In December, Iraqi Prime Minister Haidar al-Abadi announced full liberation of Iraqi lands, declaring end of war against IS members.
Al-Adhadh: Iraq needs popular mobilization to protect borders
Editorial Date: 2018/4/12 23:59 • 91 times read
(Baghdad: Al-Furat News) The head of the Baghdad Provincial Council, Riyad al-Adadh, on Thursday, the need for the presence of popular mobilization forces to protect the border.
Al-Adadh said in a press statement that "Iraq now needs to have a popular mobilization to protect the country's broad borders," noting that "allowed Iraqi citizens to carry weapons during the period of occupation and security threat to Daish."He added that "Iraq is coming to a new stage during the upcoming parliamentary elections," reducing the importance of some talk about fraud in the upcoming elections.
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Kauaihn Iraq Articles:dd
The 15 members of the Security Council decide to visit Burma, Bangladesh and Iraq next May
Friday, 13 April 2018 01:04 p
UNITED NATIONS (AFP)
The 15 members of the UN Security Council, from April 26 to May 2, will visit Burma, Bangladesh and Iraq, according to the United Nations .
The Security Council has been seeking for several months to organize a visit to Burma, where he fled 700 thousand Rohingya since August to neighboring Bangladesh, following military operations launched by the army and described by the United Nations as ethnic cleansing .
UN Secretary-General António Guterres is to appoint a special representative to resolve the crisis in Burma. Asked whether the ambassadors of the 15 countries would have the opportunity to visit Rakhine State, where the Burmese army is accused of atrocities against the Rohingya minority, a diplomatic source said, "It's very complicated. We'll have to fly over the area on a helicopter ."
Another diplomat pointed out that the objectives of the visit to Burma were to push towards improving the living conditions of the refugees, to deter human rights violations and to talk to the Burmese authorities about Kofi Annan's plan to give the identity and rights of the Muslim Rohingya minority.
Appointment of a new UN official in Iraq
Release date: 2018/4/13 8:30 • 243 times scheduled
The Secretary-General of the United Nations, Antonio Guterres, has appointed Marta Ruidas of Spain as the new Deputy Special Representative of the United Nations Assistance Mission for Iraq (UNAMI).
A Rwandan statement received by the {Euphrates News} copy, that Ruydes will also assume the functions of the United Nations Resident Coordinator, Humanitarian Coordinator and Resident Representative of the United Nations Development Program in Iraq.
"The new secretary will act as the successor to Liz Grande of the United States, who has worked in Iraq since December 2014, and the Secretary-General expresses his gratitude for the leadership and dedicated service of Grandi during her term."
"Ruedes will have over 27 years of experience coordinating United Nations development and humanitarian work in conflict and post-conflict countries, as well as extensive experience in supporting peace-building transition processes," he said. "Since 2015, Resident and Humanitarian Coordinator in Sudan ".
The former Deputy Director of the United Nations Development Program in Afghanistan, the Deputy Director of the UNDP Office for Crisis Prevention and Recovery, the Deputy United Nations Special Coordinator, the United Nations Resident Coordinator and the Resident Representative of the United Nations Development Program in Lebanon.
Earlier in her career, Ruedes also served as Deputy Regional Director of the UNDP Regional Office for Europe and the Commonwealth of Independent States (CIS), resident coordinator in Bulgaria and Sao Tome and Principe, and worked with UNDP in Bolivia, Kyrgyzstan, the Republic of Georgia, Nepal, Mongolia and Mexico According to the statement.
"Ruidas holds a master's degree in international relations from Columbia University in the United States," the statement said.
On Thursday evening, Turkish warplanes targeted border posts belonging to Siddakan in the Kurdistan Region on the grounds that there were PKK headquarters there.
The Basnews correspondent in the region, said that Turkish warplanes raided at around 10:00 pm Thursday on the areas of Gli Rash and sprayed and other sites belonging to Sidkan province of Erbil, on the pretext of PKK sites and headquarters.
Pointing out that Turkish aircraft continue to fly in the atmosphere of the region and hear the sounds of bombing from time to time, causing a state of fear and anxiety among the local population.
Turkey regularly carries out air strikes against PKK positions within the Kurdistan region, where its militants are based in the rugged Kandil mountains, but also recently threatened to direct its operations to the city of Shankal (Sinjar).
The raids coincide with the incursion of Turkish forces about 20 km inside the territory of the Kurdistan Region in the area of Sidkan, which exceeds the number of villages 250 villages, and set up many military points, mostly close to populated areas claiming the existence of headquarters PKK fighters and chasing the party fighters.
Fighting between the PKK and the Turkish army has recently caused the displacement of many villagers in the area.
Morocco is considering reopening its embassy in Baghdad
Release date: 2018/4/12 23:23 • 102 times read
(Baghdad: Al-Furat News) A senior Moroccan official revealed that the Kingdom is considering reopening its embassy in the capital Baghdad.
"The ambassador of the Republic of Iraq to the Kingdom of Morocco Abdul Karim Hashim Mustafa met with the Speaker of the Moroccan Parliament Habib al-Maliki. During the meeting, the two sides reviewed the historical relations between the two countries and the importance of strengthening bilateral relations through an exchange. Official visits ".
The ambassador stressed the importance of reopening the Moroccan embassy in Baghdad at the level of a resident ambassador, adding that "there are large areas of joint work between the two countries."
For his part, the Speaker of the Moroccan Parliament expressed "the depth and strength of the relations between the two countries," stressing that "will work to overcome the difficulties on the opening of a Moroccan embassy in Baghdad, and praised the victories achieved by Iraq against terrorist gangs," ended.
Iraq: We do not interfere with the Syrian conflict and we will take what is necessary for any threat because of it
Date of release: 2018/4/12 22:11 • 194 times read
BAGHDAD (Reuters) - Iraq announced on Thursday it was withdrawing itself from the Syrian conflict with the possibility that the United States and its allies would launch raids against the Syrian government against an alleged chemical attack in the eastern province of Douma.
"The outbreak of the conflict in Syria in late 2011 was a major reason to create an environment for the emergence of an advocate and expansion and entry into Iraq later in the middle of the year," the spokesman of the Information Office of Prime Minister Saad al-Hadithi said Thursday. 2014, "explaining that" the continuation of this conflict and the intervention of many regional and international parties in which contributed to the nutrition. ""We in the Iraqi government see the importance of finding a political solution to end this conflict, achieve stability in Syria, and eliminate a provocative presence in areas adjacent to Iraqi territory," al-Hadithi said, adding that "our focus is fundamentally on not finding an environment conducive to an encouraging stay in these areas. "He said."This presence constitutes a threat to the security of Iraq. We have made this clear to the parties concerned. We have stressed the importance of these parties to eliminate an oppressive presence on the ground and control over areas in Syria.""We have taken all the security precautions and precautionary measures necessary to counter any threat or threat that may be posed by a terrorist advocate in areas adjacent to Iraq. Our forces will confront any potential threat and will do whatever is necessary to prevent the launching of hostile acts from inside Syria towards Iraqi territory," he said. No escalation in Syria is reflected on the security situation in Iraq. "He stressed that "Iraq is not a party to the conflict in Syria and our policy in our foreign relations based on non-interference in the internal affairs of States," pointing out that "foreign interventions in Syria contributed to a large extent to the worsening situation in Syria."
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GLOBAL/NEWS/INFO
IMF chief Christine Lagarde expresses concern over rising global debt levels, including China’s South China Morning Post
Managing director of International Monetary Fund says also that governments must ‘steer clear of protectionism in all its forms’ Read the full story
Crude Oil Prices Settle Higher as Geopolitical Tensions Offset Massive Crude Build Inv
Commodities Apr 11, 2018 18:37 GMT Investing.com - Crude oil prices settled sharply higher as concerns over a massive build in crude stockpiles were offset by rising geopolitical tensions in the Middle East and expectations of U.S. military intervention in Syria. On the New York Mercantile Exchange crude futures for May delivery rose x% to settle at $65.xx a barrel, while on London’s Intercontinental Exchange, Brent rose 1.56% to trade at $72.15 a barrel. The prospect of crude supply disruptions Read the full story
It’s a make-or-break week for the crude rally as it heads to multi-year highs
CNBC
Some market watchers see new highs for oil if international geopolitical tensions fail to ease. Read the full story
Oil up on Trump war threat, missile attack on Saudi Arabia
Fox News
The heightened prospect of conflict threatened supply. Read the full story
Commodities are beating the stock market as geopolitical risk returns
MarketWatch
Financial markets seemed to brush off geopolitical worries in 2017. It’s a different story in 2018, and that’s allowing commodities to outperform. Read the full story
Gold Prices Hit 2-Week Highs as US-Russia Tensions Spark Safe-Haven Demand
Investing.com
Commodities Apr 11, 2018 17:18 GMT Investing.com – Gold prices jumped to a more than two-week high as signs of rising U.S. inflation were overshadowed by an uptick in safe-haven demand amid growing U.S.-Russia tensions. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose by $16.20, or 1.20%, to $1,362.10 a troy ounce, and remained close to session highs of $1,369.10. Risk-off sentiment gripped markets on Wednesday after President Donald Trump threatened Read the full story
Gold Prices Fall as Stronger Dollar Weighs
Investing.com
© Reuters. Gold falls as stronger dollar weighs Read the full story
Gold Prices Give Up Gains on Stronger Dollar Amid Easing Syria Conflicts
Investing.com
Gold prices gave up its earlier gain Read the full story
The Solar Highway That Can Recharge Electric Cars on the Move
Bloomberg
The road of the future is likely to become the brain and nerve center of an autonomous-driving revolution. The road to China’s autonomous-driving future is paved with solar panels, mapping sensors and electric-battery rechargers as the nation tests an “intelligent highway” that could speed the transformation of the global transportation industry. The technologies will be embedded underneath transparent concrete used to build a 1,080-meter-long (3,540-foot-long) stretch of road in the eastern Read the full story
Deutsche Bank's kingmaker loses his touch Reuters
Once one of Germany's chief power brokers in finance, Deutsche Bank Chairman Paul Achleitner's switch of chief executive has triggered criticism that it was rushed through, casting a cloud over his own future. Read the full story
Fed wary of trade war, says tax cuts a 'significant boost'
Fox News
Policy makers believe inflation will move closer to the 2% target. Read the full story
JPMorgan sued over fees for cryptocurrency purchases
Reuters
JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances. Read the full story
Deutsche Bank bets on continuity at investment bank: Financial Times
Reuters
Deutsche Bank will avoid a radical shift in strategy for its investment bank and instead focus on targeted cuts to increase profitability, investment banking chief Garth Ritchie told the Financial Times. Read the full story
Trade disputes, strong euro worrying European Central Bank
ABC News
Top officials at the European Central Bank were concerned about a strengthening euro and the possibility of a global trade war as they decided at their last meeting to go slow in removing economic stimulus. Read the full story
22 European Nations Form New Blockchain Partnership
CoinDesk
Over 20 European countries have jointly established a new blockchain group to share technical and regulatory expertise. Read the full story
How a Credit Card Scammer Makes Thousands in Cash a Day
VICE
VICE met up with a full-time scammer in Brooklyn for a look inside the shady, lucrative world of stealing credit card info on the dark web. Read the full story
Will Banks Be The Next Victims Of The Amazon Effect?
International Business Times
The ongoing evolution of e-commerce and its continued adoption around the world is having a disruptive effect on brick-and-mortar retail. Read the full story
A Volatile Stock Market Might Renew Interest in Bitcoin in 2018 Inverse
Trevor Gerszt, CEO of cryptocurrency investment service Coin IRA, sees investors moving their money depending on how the wider stock market plays out in the coming months, potentially leading to a spike in the price of Bitcoin and altcoins like Ethereum and Litecoin. Read the full story
Here’s why the bond market doesn’t give a fig about inflation (for now)
MarketWatch
With geopolitical turmoil roiling Wall Street, the bond bears have had a hard time sticking to their guns as Treasury yields inch lower despite rising inflation worries. Read the full story
'Take your money and run.' Investor David Tice warns on 'pretty dangerous' stock market
CNBC
Former Prudent Bear Fund Manager David Tice tells stock market investors to "take your money and run." Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Bubble Is Popping, According to Bank of America Inverse
Financial researchers at Bank of America released a note that claimed bitcoin might be the biggest bubble in history and that it has already popped. The paper compared the cryptocurrency to other bubbles in the past and claimed that it was following a similar trend. Read the full story
Bitcoin holds steady as political tensions escalate
MarketWatch
The No.1 digital currency, bitcoin trades little changed, shaking off geopolitical tensions. Read the full story
SEC preparing cryptocurrency fraud crackdown, Jay Clayton's biggest enforcement move yet
Fox News
The SEC chairman is making his mark on cryptocurrency scams. Read the full story
Bitcoin surges 17% in sudden move to above $8,000
CNBC
Bitcoin was jumping in a sudden move on Thursday. Read the full story
Bitcoin holds steady as political tensions escalate
MarketWatch
The No.1 digital currency, bitcoin trades little changed, shaking off geopolitical tensions. Read the full story
Bitcoin spikes 14% in less than an hour
Business Insider
Bitcoin surged Thursday morning, spiking more than 14% in less than an hour. You can track the price of bitcoin in real-time here. Bitcoin surged more than 14% in less than an hour Thursday morning, bringing the world's largest cryptocurrency closer to the $8,000 level that it has not seen since March. It's the biggest intra-day gain for bitcoin in almost two months, according to historical data from CoinMarketCap. Despite the steep gains, the price is still less than half of its record high of Read the full story
Opinion | The Dollar Is an Unexpected Casualty of Trade Spat With China Bloomberg
Non-stop business knowledge Get more on The Bloomberg App OPINION | PROPHETS As Trump ratchets up the rhetoric, the greenback isn't playing its usual role as a safe harbor. APRIL 12, 2018 6:00 AM EDT Americans may see fewer of these. In recent weeks, investors witnessed a rare concurrence of market developments. Widespread concern about escalating trade conflicts caused equities to plunge and U.S. Treasury yields to decline. So far, the reaction has been a textbook case of investor behavior. Yet Read the full story
Forex - USD/CAD Slump Continues Despite Upbeat Inflation Data; Fed Minutes Eyed
Investing.com
Forex Apr 11, 2018 16:46 GMT Investing.com – The dollar bounced off session lows against a basket of major currencies but remained under pressure as geopolitical uncertainty continued to weigh on sentiment despite data pointing to a faster pace of inflation. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.19% to 89.15. But remained above session lows of 89.04. The so-called core CPI rose 2.1% year-on-year in March, Read the full story
Why devaluing the yuan is a no-no for China amid US trade war fears
South China Morning Post
Thursday, 12 April 2018, 4:24:PM It is neither reasonable nor logical to expect Beijing to devalue the yuan to handle trade frictions with the US as it goes against China’s priority of curbing financial risks and its strategic goal of creating a global currency, economists said. Beijing got its fingers burned on August 11, 2015, when it shocked the world by devaluing its currency against the US dollar by 1.9 per cent. The People’s Bank of China tried to explain the move as a by-product of it Read the full story
Opinion | A Hong Kong Dollar at the Weak End Is No Reason to Panic
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App OPINION | MARKETS The HKMA's job is to be passive as long as the currency is within the peg. APRIL 12, 2018 5:24 AM EDT It's time to face facts. Interest-rate arbitrage no longer works -- the Hong Kong dollar is being driven more by money flows from China. The city's currency fell to HK$7.85 per dollar on Thursday -- the weak end of its permitted band for the first time since the range was imposed in 2005. The Hong Kong Monetary Authority Read the full story
INSURANCE / HEALTH
5 reasons your water needs a spoonful of baking soda—the latest hot wellness ingredient Well+Good
Finally, you'll be able to finish that container. Read the full story
CBD oil, derived from cannabis, gains popularity
CBS News
Used for a variety of conditions including anxiety and insomnia, cannabidiol does not have FDA approval Read the full story
Why Europeans don't refrigerate their eggs
Business Insider
In Europe, refrigerating eggs is widely discouraged. In the US, eggs that aren't refrigerated could cause salmonella poisoning-meanwhile, Europe considers it a health risk if eggs are refrigerated. This cultural difference stems from the way eggs are processed before they reach stores. American farms wash eggs to strip the cuticle, or outer protective layer, which prevents contamination outside the shell. Without the cuticle, eggs must be refrigerated to combat bacterial infection from inside. Read the full story
USA/CANADA
U.S. runs budget deficit of $209 billion in March, Treasury says MarketWatch
The federal government’s budget deficit was $209 billion in March, the Treasury said, up 18% from the same month a year ago, as employers withheld less from workers’ paychecks. Read the full story
What's behind Paul Ryan's sudden exit
CNN
Paul Ryan's sudden exit will worsen the chaos for a GOP facing stiff midterm headwinds, says Scott Jennings. Here are the four biggest reasons behind his departure. Read the full story
House Speaker Paul Ryan's retirement sparks debate about successor, and party's future
USA TODAY
House Speaker Paul Ryan won’t run for re-election, prompting debate about who will succeed him, and whether it's a bad omen for the midterm elections. Read the full story
Missiles ‘Will Be Coming’ at Syria, Trump Says. Beyond That Lies Uncertainty.
The New York Times
A strike in response to a suspected chemical attack comes with perils that worry military planners and diplomats, and a fresh intervention in a combustible region could bring unintended consequences. Read the full story
Here's Why A US Decision On What To Do In Syria Is Taking So Long
BuzzFeed News
Despite Trump's bellicose tweets, the US has yet to decide precisely how it's going to respond to a suspected chemical attack in Syria. Read the full story
EMERGING MARKETS
Puerto Rico's Hurricane Maria Power Outage Is Now The World's Second Largest Blackout Newsweek
Puerto Rico has lost 3.4 billion customer-hours of electricity service because of Hurricane Maria, making it the largest blackout in U.S. history and the second largest in the world Read the full story
US scrutinizes power restoration efforts in Puerto Rico
ABC News
U.S. federal officials say they expect to have a plan by June on how to strengthen and stabilize Puerto Rico's electrical grid Read the full story
Chocolate forests: Can cocoa help save the Amazon?
Business Insider
Rural workers break cocoa fruit at a farm in Medicilandia Thomson Reuters By Marcy Nicholson and Marcelo Teixeira NEW YORK/MEDICILÂNDIA, Brazil (Reuters) - For years, Valdomiro Facchi has made a living ranching on land carved from the Amazon rainforest. He's a small player in one of the world's biggest environmental disasters. But now that his cattle have trampled the pastures to dust - and new laws prevent him from clearing fresh land - he has to find new income. "I want to diversify," said the Read the full story
Video Shows U.S. Agents Trying To Force Man Who ‘Looks’ Mexican Across Border
HuffPost
Two U.S. Customs and Border Protection agents in California attempted to force ... Read the full story
Should you invest your retirement savings in emerging markets?
MarketWatch
Emerging market stocks can earn more money and still not be worth it. Read the full story
4 ways to invest in the emerging markets rebound
CNBC
Following a number of uncertain years, dogged by elevated external vulnerabilities and economic headwinds, EMs now look sturdier. Read the full story
Putin warns Netanyahu against further Israeli strikes in Syria Axios
He turned a blind eye before. Not this time Read the full story
When US military has attacked in Middle East, it hasn't ended well for oil or energy stocks
CNBC
Oil hit a multiyear high as the President Trump threatened to strike Syria with missiles, but actual attacks in the Middle East have been bad for the energy sector Read the full story
In call with Saudi king, Trump demanded quick end to Gulf rift: U.S. officials
Reuters
In a telephone call this month with Saudi Arabia's King Salman, President Donald Trump demanded that the kingdom and its Arab partners quickly end a nearly year-old dispute with Qatar that has left U.S. allies in the region fractured, according to two U.S. officials briefed on the conversation. Read the full story
OPEC Predicts Increase in Global Demand, Rises Non-OPEC Supply Forecast
Investing.com
© Reuters. OPEC increased its 2018 oil forecast. Read the full story
Contamination a new threat in Iraq's Mosul
TRT World
Contamination a new threat in Iraq's Mosul Read the full story
Renewed sanctions need not mean U.S. exit from Iran deal: Mnuchin
Reuters
A decision by U.S. President Donald Trump not to renew sanctions relief for Iran on May 12 would not necessarily mean the United States had withdrawn from the 2015 Iran nuclear deal, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Read the full story
AFRICA
South Africa: TB Patients Hold Their Breath for Better Treatment AllAfrica
For patients in developing countries, access to two new and improved TB drugs remain scarce. More than half a million people fell ill with drug-resistant tuberculosis (TB) in 2016, World Health Organisation data shows. Older treatments for drug-resistant TB can take about two years and patients have to take handfuls of pills daily that put them at risk of conditions such as deafness or psychosis. More than half of patients with the most extreme form of drug-resistant TB - also known as Read the full story
Swaziland: Swazi Govt 'Denies Buying Luxury Cars Worth U.S.$7.5 Million for King Mswati's Birthday Bash'
AllAfrica
Swaziland's government has reportedly denied claims that it bought a fleet of BMW 740i vehicles worth $7.5 million ahead of King Mswati III's birthday next week. A report by SABC said that Swaziland was set to mark the king's birthday and the 50th anniversary of the country's independence from Great Britain on April 19in the so-called 50/50 Celebration. The report said that the Ministry of Public Works and Transport Principal Secretary Makhosini Mndawe denied reports that the government had Read the full story
Zimbabwe: Former Tax Agency Boss Contests U.S.$217,000 Lawsuit
AllAfrica
Former Zimbabwe Revenue Authority (Zimra) Commissioner-General Mr Gershem Pasi is contesting the $217 000 claim filed against him by his former employer, arguing that the period within which the taxman should have sued him has expired. Mr Pasi was forced out of Zimra in May last year when pressure mounted ahead of a disciplinary hearing on a series of charges ranging from mismanagement to gross negligence and abuse of office, among others. Zimra last month filed a $217 000 claim against Mr Pasi Read the full story
Nigeria's top statistician tweeted the country's latest inflation data an hour early — and blamed a non-existent time difference between Nigeria and London
Business Insider
Nigeria's top statistician tweeted the country's latest inflation data one hour early. He blamed the fact that his watch was on "London time" - despite London and Nigeria being in the same time zone. The country's inflation rate fell to 13.34% from 14.33% in March. The head of Nigeria's statistical authority made an embarrassing blunder Thursday when he accidentally tweeted the country's latest inflation figures an hour before their official release. Dr. Yemi Kale, the Statistician-General of Read the full story
ASIA
Ford will reportedly roll out new Lincoln models in China by 2022
The automaker now expects to begin building the new Lincoln Aviator in China in late 2019 or early 2020, along with replacements for the MKC compact crossover and the MKZ midsize sedan, followed in 2021 by the all-new Nautilus, which replaces the Lincoln MKX crossover, Reuters said, citing sources.
Read more: https://www.cnbc.com/2018/04/11/ford-to-roll-out-new-lincoln-models-in-china.html
Vietnam Investigates ICO Fraud After $660 Million in Losses Reported
CoinDesk
A team that conducted two token sales involving thousands of investors has gone dark. Read the full story
It's great Trump is having open negotiations with China: Rep. Tenney
Fox News
Rep. Claudia Tenney, (R-N.Y.), on Syria, the Trump administration's trade policies and the tax reform legislation. Read the full story
A massive, 'semi-infinite' trove of rare-earth metals has been found in Japan
CNBC
The discovery of the rare-earth metals could pit Japan against China to be the world's largest producer of the materials, The Wall Street Journal reported Wednesday. Read the full story
Asian stocks on edge, oil soars on escalating Middle East tensions
Business Insider
Market prices are reflected in a glass window at the TSE in Tokyo Thomson Reuters By Hideyuki Sano TOKYO (Reuters) - Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> slipped 0.05 percent in early trade while Japan's Nikkei <.N225> dropped 0.4 percent. On Wednesday, the Read the full story
Chart of the day: Volatility returns to China market
South China Morning Post
Thursday, 12 April 2018, 8:01:AM Volatility has returned to the Chinese stock market this year. The 60-day price swing on the Shanghai Composite Index rose to its highest level in almost two years this week as stocks were roiled by escalating trade tensions between China and the United States. The sell-off in big-caps amid concerns over elevated valuations further added to the volatility. So far this year, the Shanghai benchmark index has seen the daily movement surpassing 1 per cent on a Read the full story
The EU Wants to Make Sure the UK Doesn't Ditch Environmental Protections Post-Brexit
Global Citizen
The European Union wants legal reassurance from Britain that it won’t ditch existing environmental regulations after Brexit. Chief negotiator for the EU, Michel Barnier, reportedly said the UK should be made to sign what’s known as a “non-regression clause” when it leaves the EU. That clause would legally stop Britain stripping back on environmental protections set by the EU. Take action: Help Women and Girls Adapt to Climate Change Barnier warned that Britain shouldn’t be able to “gain Read the full story
UK can change mind on EU single market until 2021, says Michel Barnier
Sky News
The EU's chief Brexit negotiator has told Theresa May she can change her mind on leaving the bloc's single market up until 2021. Read the full story
Opinion | Winners All Around in Europe's Corporate Bond Market
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App OPINION | MARKETS Redemptions, falling yields, widening spreads are good news for issuers and investors. APRIL 12, 2018 11:08 AM EDT Europe is awash in corporate bond mandates and syndicated deals from sovereigns, blotting away memories of the tricky time the market had in March. This could wind up being one of the biggest weeks of the year. And the outlook is good -- there's still some way to go before indigestion strikes. Conditions are Read the full story
May's Brexit Red Line on Customs Union Could Be Next to Go
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Jo Swinson Says Whatever the Brexit Deal Is, the Public Deserve to Have a Vote Theresa May’s officials could be lining up to keep the U.K. in the European customs union after Brexit, according to a new analysis that chimes with the views of parts of the British government. Some of May’s officials think that quitting the customs union in order to win the power to strike free trade agreements with countries such as the U.S. or Australia is Read the full story
d
Blessed and Highly Favored:
4-12-2018 Newshound Guru Kaperoni You cannot take the auctions away until the CBI is in Article VIII... Once in Article VIII and the CBI is floating the dinar they will continue to make revenue via commissions...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Remember when the CBI and the GOI finance committee both told us that 2018 is the year of transition to the “new Iraq”. Then the CBI starts flashing the old $1 dinar notes from the mid 1940’s and in the same breath tells the currency will move to its former glory. ...in mid 1940’s that value was stable at 1 dinar to $4.86 USD. What glory do you think the CBI meant? hint..hint...maybe of the mid 1940’s...Maybe this is the ultimate goal to which they want to reach?
4-12-2018 Intel/Newshound Guru tman23 ...I think there is a plan for Iraq and to manipulate it's currency to pay a portion of debt for setting them free...AND the original speculation remains the same...HOW WILL 3 ZERO NOTEs BE ACCOUNTED FOR AT TIME OF EXCHANGE...JUST BE SURE THEY WILL NEVER EVER NEVER FLOAT 3 ZERO NOTES...I'm leaning on a rdenomination and hope our 3 zeros get included in the accounting at exchange...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Iraq has told us they fully intend to go full speed ahead on the 2018-2020 Development and Reconstruction plan after the elections are over, so we can see they want to get these laws passed now since the elections are just 4+ weeks away. An economists also recently told us, based on his knowledge, that more than likely the CBI and GOI will hold off the “project to delete the zeros” (which we know leads to the reinstatement of the dinar) until after the elections. ...my analysis tells me they intend to hold off on the reinstatement until AFTER the election cycle. This usually also means setting up the government. If Haider Abadi get back in (and he most likely will) this election process may not take too long and we might even see a late May early June RV timeframe coming up...I know now only after the fact, that the CBI did really intend to get the reinstatement completed prior to the election period...Now they intend to wait until after the election cycle. [post 2 of 2]
4-12-2018 Newshound/Intel Guru Mnt Goat ...where do we stand now in this RV Saga? So now all the news is around the 2018-2020 Development and Reconstruction plans either directly or indirectly. We see House Speaker Jubouri still trying to get the needed laws passed in parliament. These are laws needed for the election process but most importantly some of them are the amendments to the Investment Laws. These laws are needed to assist potential investors coming into Iraq. We have recently heard that many investors are threatening to pull their support of the plan if these laws are not in place to protect them. Many of these laws also will support the 2018-2020 Development and Reconstruction plan, as so Iraq wants to “hit the ground running” post elections. ...I have been told that this success of this plan is predicated on the reinstatement of their currency. When will this happen then?... [post 1 of 2....stay tuned]
4-12-2018 Intel Guru RayRen98 The rates continue to fluctuate, usually by pennies. Dong is still 47 cents... dinar = $3.67 to $3.71...Those are the rates that have been told to us, that bankers are seeing on the screen.
4-12-2018 Newshound Guru Kaperoni In reference to Dr. Shabibi he is not the author of any such currency reform and has since been retired living in Europe. The author of the event is a combination of multiple economists including Dr. Bakri whom I interviewed a few years ago and have a relationship with...I did a very detailed interview with Dr. Bakri who in fact is in the know and was involved in crafting the currency reform... There is no RV or RI or reinstatement...that is not how monetary policy works and that is not the case in Iraq. Iraq could never or would never do such a thing because it's just not possible. There remains over 60 trillion dinar in circulation that must be gradually reduced. The IMF is also clearly documented the process that includes moving to a more liberal exchange regime which would allow the dinar to gradually rise over time. This gradual rise would offset inflationary pressure created as a result of an influx of capital from various investors around the world.
4-12-2018 Intel Guru Frank26 [If Dr S (Shabibi) is back in the picture he always wanted a holiday weekend, well I believe we have one this weekend...] HENCE WHY (GURU) DELTA TOLD YOU ABOUT THURSDAY'S HOLIDAY... YES ...DR S LIKES 3 DAY WEEKENDS.
Elmer:
Inc
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
No new postings on PM Abadi's website; all articles have already been shared.
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ARTICLE 2
Foreign Minister arrives in Saudi Arabia
2018/4/12 15:08
[Ayna-Baghdad]
Foreign Minister Ibrahim al-Jaafari arrived in Saudi Arabia on Thursday. "Jaafari arrived in Saudi Arabia to participate in the 29th session of the Council of the League of Arab States at the summit level," a statement from his office said.
"It is hoped that he will hold several meetings with his Arab counterparts in the context of strengthening bilateral relations and facing the challenges facing the region."
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ARTICLE 3
Expectations of lower hours of electrical processing in Dhi Qar to 11 hours instead of 13 this summer
Dhi Qar, April 13 (Xinhuanet) - Dhi Qar province said on Friday that it is likely that the electricity supply rates across the province during the current summer season will be 11 hours a day in the best cases.
He added that "the reality of the preparation for this summer represents a real crisis for the province compared to the rates of processing during the past two years, which was at the rate of 18 and 13 hours are in decline continuously," pointing out that "the province provided an integrated vision to the Prime Minister during his visit to the province last year to address this reality Which has received government approval at the time, but the Ministry of Electricity has not implemented anything from them so far, which will present the province to a real crisis after it is too late without any real solution except a few patching solutions of sending different mobile adapters. Ending
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ARTICLE 4
Financial Region announces new list of salaries
[Ayna-Baghdad]
An official source in the Ministry of Finance in the Kurdistan Regional Government, on Friday, announced the announcement of a new schedule for salaries of staff in the region on Saturday.
Twenty-four ministries and agencies in the provincial government have received their salaries, while 17 ministries and agencies are waiting to receive salaries.
The source said in a press statement that the Ministry of Finance will issue on Saturday, April 14, 2018, a new list of salaries of employees of the region, "pointing out that" some ministries have not yet sent their payrolls to the Ministry of Finance. "
He added that "the new list includes a section of ministries and agencies that did not receive salaries in the first month of this year."
The provincial government has inaugurated on April 5, the distribution of salaries of staff of the region, according to the new amendment of salaries after the launch of the federal government.
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ARTICLE 5
The crowd is carrying out the largest inspection of the Anbar desert
2018/4/12 23:55
[Where - Continue]
The commander of the popular mobilization of the western axis of Anbar Qasim Musleh, on Thursday, the completion of the largest inspection of the desert of Anbar province, extending from the fields of Akkas to the area of the 160.
"After receiving intelligence that cells were active in the western desert of Anbar province, the popular crowd began a major search that included large swaths of desert stretching from crutches," the statement said. To the One Way, passing through the Umm al-Datt area at the end of 160, resulted in obtaining security information from the inhabitants of these areas of the shepherds. "
He added that "the operation resulted in the seizure of a number of light weapons, as well as the dismantling of a number of roadside bombs and the bombing of some of them."
"The operation lasted until the last hours of the day and no incidents were recorded during the duty," Mosleh said. "We now have a complete picture of the western desert of Anbar."
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ARTICLE 6
Study: Eating bread and pasta helps in weight loss
LONDON (Reuters) - April 12 - Eating a few kilim of bread and pasta before bedtime helps lose weight, according to a new British study.
According to the study by researchers at the University of Cambridge, "A snack of carbohydrates can stimulate the body to burn fat and use as fuel during the night, which speeds up the process of disposal of excess weight."
The study also explained that it is possible to exercise late, in order to increase the absorption of carbohydrates in the muscles.
It is worth mentioning that nutrition experts have been recommended to avoid the carbohydrates in bread, pasta and foods similar to the elimination of overweight, but this new study had another opinion.
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