WOTS Friday 6/22/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,160.5000 | 1,160.5000 | 1,160.5000 | | 20:00 |
| USD/VND | | | 22,857.5000 | 22,400.0000 | 22,400.0000 | | 04:15 |
| USD/CNY | | | 6.5066 | 6.4882 | 6.4921 | | 06:46 |
| USD/KWD | | | 0.3022 | 0.3013 | 0.3022 | | 06:37 |
| GBP/USD | | | 1.3313 | 1.3245 | 1.3245 | | 06:46 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,168.8000 | 14,047.3000 | 14,071.0000 | | 06:37 |
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World Bank finalises funding for Zim
22 Jun, 2018 - 00:06
World Bank finalises funding for Zim Minister Chinamasa
Martin Kadzere Senior Business Reporter
The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said.
The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said.
Zimbabwe is in arrears of $1,2 billion to the World Bank and has already mobilised the funds to pay off its arrears.
However, the Government first wanted a commitment from the Bretton Woods institution on the loans that it could access after paying.
The Zimbabwean Government had since 1999 been unable to borrow from the international capital markets after it defaulted on its external debt.
While the country in 2016 cleared its arrears to the International Monetary Fund (IMF), it is still in arrears of $1,8 billion to the World Bank and the African Development Bank.
Minister Chinamasa told The Herald Business that Government had arranged a commercial loan to retire the arrears.
What we said is before we pay you (WB), what expectations can we have in terms of new inflows as per our entitlement as a member, as a shareholder,” said Minister Chinamasa.
They have been non-committal. Except now; they agreed since January to do a needs assessment, sector by sector, in order to determine and assess what are our needs per sector. What we need in terms of investment into agriculture, manufacturing, mining, tourism.
The exercise in nearly complete. That is the exercise, which when concluded will inform the World Bank the amount of new inflows that we can draw on from the World Bank.”
The arrears have prevented Zimbabwe from accessing the global markets in terms of line of credit of around $4 and $5 billion annually, according to the minister.
Meanwhile, Zimbabwe’s economy is likely to grow faster that initially projected, largely driven by mining and agriculture.
Minister Chinamasa said on Tuesday the economy would expand 6 percent in 2018, faster than previous forecast of 4,5 percent.
The World Bank has in its latest forecast revised upwards Zimbabwe’s gross domestic product to 2,7 percent from 1,8 percent it had projected in January this year.
We projected an economic growth of 4,5 percent this year and I believe that projection figure was on the conservative side,” said Minister Chinamasa.
We should easily hit 6 percent.”
He said a number of investments, which could not take off largely due to concerns around indigenisation and empowerment laws under the administration of former President Robert Mugabe were now being implemented.
Some Chinese energy projects, which had been stifled by non-payment of arrears by the Government to the China Export and Credit Insurance Corporation were taking off.
China Export and Credit Insurance Corporation is a state-funded policy-oriented insurance company that promotes China’s foreign trade and economic cooperation.
Minister Chinamasa said the Government successfully engaged the Chinese Government on arrears which saw the world’s second largest economy unlocking funding for expansion of Hwange Power Station and upgrading of Robert Gabriel Mugabe Airport.
The ground breaking ceremony for $1,4 billion Hwange expansion is set for next week.
The southern African country has since declared Zimbabwe is open for business and repealed the indigenisation law, which limited foreign ownership of companies to 49 percent.
The law is now restricted to only two minerals, diamond and platinum, but even then, this is only temporary to allow Government to craft a beneficiation policy for them, after which the indigenisation law would be scrapped for the entire extractive sector.
Those investments are now being implemented right across the board,” said Minister Chinamasa.
Zimbabwe will also register strong performance in the construction sector, driven by infrastructure projects, manufacturing and tourism.
There is a lot going on for us in road construction. As you are aware; in agriculture we have been deploying a lot of resources to stimulate production in the agriculture sector. All that is going to translate into significant economic growth when we take in overall.”
Minister Chinamasa said even, the World Bank, which had been conservative on Zimbabwe’s growth prospects has observed the country was on a growth trajectory.
This year we have. . . disagreements where we projected 4,5 percent growth this year but the World Bank had put us at around 0,7 percent,” said the Minister.
I was happy to read from them that they are now projecting 2,7 percent. For me I don’t mind if we not agree totally. What is important is that the World Bank has observed that there is something happening in this economy,” added Minister Chinamasa.
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Iraq: a ruling paving the way for the election crisis
Friday - 22 June 2018 - Issue Number [14451]
The Supreme Court accepts the recount and refuses to cancel the votes
Baghdad: Hamza Mustafa
BAGHDAD (Reuters) - Iraq's Supreme Court issued an interim ruling on Thursday to support the parliament's decision to hand-vote votes in last month's parliamentary elections, rejecting the vote for displaced people and expatriates.
The court's decision came in response to an appeal filed by the Electoral Commission against the amendment by the parliament to the electoral law, because of what was raised after the results of the vote of doubts about the «widespread fraud» as a result of the adoption of electronic counting and sorting. The amendment provided for a manual screening of votes and cancellation of the voting results of IDP committees and Iraqis abroad.
The court decided after reviewing the amendment of the election law that "the recounting of the results of the elections manually conforms to the constitution in order to reassure the voters, and that the House of Representatives organize a procedure to reassure the voter," the court president Medhat al-Mahmoud told a press conference yesterday.
However, Al-Mahmoud pointed out that the court considered "excluding the results of minorities from abolition in violation of the Constitution" and that "canceling the results of the elections abroad and voting for the displaced represents a waste of votes."
He pointed to «the unconstitutionality of Article III of the amendment of the election law and its abolition», pointing out that «the Federal Court decides not to prejudice the votes of voters that have received properly and have not received complaints».d
The court's decision came in response to an appeal filed by the Electoral Commission against the amendment by the parliament to the electoral law, because of what was raised after the results of the vote of doubts about the «widespread fraud» as a result of the adoption of electronic counting and sorting. The amendment provided for a manual screening of votes and cancellation of the voting results of IDP committees and Iraqis abroad.
The court decided after reviewing the amendment of the election law that "the recounting of the results of the elections manually conforms to the constitution in order to reassure the voters, and that the House of Representatives organize a procedure to reassure the voter," the court president Medhat al-Mahmoud told a press conference yesterday.
However, Al-Mahmoud pointed out that the court considered "excluding the results of minorities from abolition in violation of the Constitution" and that "canceling the results of the elections abroad and voting for the displaced represents a waste of votes."
He pointed to «the unconstitutionality of Article III of the amendment of the election law and its abolition», pointing out that «the Federal Court decides not to prejudice the votes of voters that have received properly and have not received complaints».d
Sadr's leader Moqtada al-Sadr calls on his supporters to restrain themselves against the decision of the Federal Court
The Federal Court had confirmed the correctness of the decision of the House of Representatives on the re-counting and manual counting of votes
22.06.2018 ~ 22.06.2018
Sadr's leader Muqtada al-Sadr, who won the first place in the Iraqi elections, called on his supporters to restrain themselves against the decision of the Federal Court, which confirmed the correctness of the House of Representatives decision on recounting and counting of votes.
In a written statement, Sadr called on everyone to show restraint and adherence to the law, although they are unconvinced.
Muqtada al-Sadr recommended that the judicial system be impartial in the issue of recounting and counting the votes.
Sadr expressed his fear that the counting and sorting manual submitted to demand the re-election, noting that such a situation will negatively affect democracy.
The President of the Federal Court Medhat Mahmoud has announced that the decision of the House of Representatives on the re-counting and the counting of votes is a sound decision and not contrary to the Constitution, but at the same time expressed their rejection of the decision of the Council on the cancellation of votes made by voters outside Iraq And displaced persons and members of the security forces in the area of the Kurdish regional administration of Iraq on the pretext of fraud and fraud, noting that the decision is unconstitutional.
The Federal Court has also confirmed the correctness of the decision of the House of Representatives on the termination of the functions of members of the Independent Electoral Commission and the appointment of judges in their place to oversee the process of counting and counting of votes.
Iraq qualifies a strategic oil line destroyed by a dacha
22/06/2018
The crude oil carrier (16) knots extending from the fields of Kirkuk to Baiji and from there to Baghdad.
Oil Minister Jabbar al-Luaibi said that the capacity of the pipeline is 40 thousand barrels per day and is more than 180 kilometers long. He supplies the Baiji and Dora refineries with crude oil as well as the Jerusalem power station north of Baghdad. Stressing the economic importance of this vital pipeline in the supply of crude oil refineries and dispense with the transfer basins, which saves the money to the Federal Treasury.
The oil minister said that the process of rehabilitating the pipeline included lifting thousands of projectiles, mines and remnants of war planted by gangs and urged along the broad areas of the pipeline.
The pipeline was destroyed and destroyed over the past years, damaging and destroying large areas and sections of the pipeline.
Oil Minister Jabbar al-Luaibi said that the capacity of the pipeline is 40 thousand barrels per day and is more than 180 kilometers long. He supplies the Baiji and Dora refineries with crude oil as well as the Jerusalem power station north of Baghdad. Stressing the economic importance of this vital pipeline in the supply of crude oil refineries and dispense with the transfer basins, which saves the money to the Federal Treasury.
The oil minister said that the process of rehabilitating the pipeline included lifting thousands of projectiles, mines and remnants of war planted by gangs and urged along the broad areas of the pipeline.
The pipeline was destroyed and destroyed over the past years, damaging and destroying large areas and sections of the pipeline.
Oil rises on uncertainty over OPEC meeting, trade dispute
22 June 2018 10:56 AM
Mubasher: Oil prices climbed on early Friday, driven by uncertainty as to whether members of the Organization of Petroleum Exporting Countries (OPEC) would agree on boosting production at their meeting later in the day.
Brent crude futures traded at $74.02 per barrel (pb), 1.3% higher than their last session, while US Nymex futures gained 1.3% also to $66.37 pb from their last close.
OPEC members are meeting later in the day with their non-OPEC allies, including major crude producer Russia, in the organisation’s headquarters in Vienna to discuss the production policy over the next months.
While Saudi Arabia, OPEC de facto leader, and Russia are in favour of ramping up oil supply, another members at the organisation, including Iran and Iraq oppose the increase.
Not all members are likely to share the same stance on a Saudi-led proposal to raise oil production by 1 million barrels per day (bpd), a delegate from the organisation told Thomson Reuters ahead of the meeting.
However, the scheduled meeting would result in an increase ranging from 450,000 to 750,000 bpd, mostly supported by non-OPEC Russia and Gulf OPEC members Saudi Arabia, the United Arab Emirates (UAE) and Kuwait, Jefferies bank told the news agency.
The likely increase “would essentially offset Venezuelan declines and falling Iranian exports,” the US investment bank added, warning that the global “spare capacity could fall globally to around 2% of demand, [hitting] its lowest level since at least 1984.”
Another uncertainty is fuelled by the possible tariffs on American crude imports that China may levy, in an escalating tit-for-tat trade dispute between the US on one side, and the world’s second largest economy, along with the European Union (EU) and India on the other.
“If China’s import demand dries up, more than 300,000 bpd of US crude will have to find a new destination,” energy consultancy FGE told Reuters.
By 7:35 am GMT, Brent went up 1.49% to $74.14 pb, while Nymex rose 1.33% to $66.41 pb.d
Dindar Zebari calls on international organizations to increase their assistance to the Kurdistan government to support the displaced
22/06/2018
Baghdad / Al-Ghad Press:
The Coordinator of International Recommendations for the Kurdistan Regional Government, Dindar Zebari, called on Friday from the international community and international organizations to increase their assistance to displaced people and refugees in the region, noting that the number of displaced Iraqis and neighboring countries amounted to about one million and 400 thousand displaced.
The number of displaced people has increased because of sectarian strife, militias and terrorist threats since the beginning of 2018. The number of displaced people in the Kurdistan region has reached 6,000 this year," Zebari said in a press release.
He pointed out that "the influx of displaced people to the Kurdistan region increased the population of the region by 23%, and this became a great burden economically and financially."
According to the latest statistics, the total number of displaced from neighboring countries amounted to 276 thousand, 242 thousand displaced Syrians, 21 thousand Turks, 13 thousand Iranians, in addition to Palestinians and others, and the number of internally displaced persons from Iraq exceeded one million and 100 thousand displaced."
The Kurdistan Regional Government (KRG) remains committed to human rights principles, and has been and continues to be a safe haven for IDPs and internally displaced persons from various communities in Iraq and neighboring countries," he said.
He pointed out that "the Kurdistan Regional Government does not follow the principle of forced return of displaced persons to their areas of residence, in contrast the provincial government has exhausted its efforts to provide these displaced and displaced people with assistance and provide the necessary services for them and ensure their rights."
He added that "2055 displaced persons returned to their areas voluntarily from January 2018 until now."
The daily expenses of IDPs and refugees from basic needs such as shelter, security, hygiene, health care and education, as well as camp management, amount to $ 5 million and $ 550,000," Zebari said. "There are 39 camps in the Kurdistan region, nine of them for refugees and 30 camps for displaced people."
According to statistics, 63.5% of displaced people and 87.9% of Syrian refugees are currently working and are entitled to enter and leave the camps to work easily.
Zebari called on UN agencies and international organizations to "increase their assistance to refugees and internally displaced persons mainly in terms of shelter, education and health care."
The Coordinator of International Recommendations for the Kurdistan Regional Government, Dindar Zebari, called on Friday from the international community and international organizations to increase their assistance to displaced people and refugees in the region, noting that the number of displaced Iraqis and neighboring countries amounted to about one million and 400 thousand displaced.
The number of displaced people has increased because of sectarian strife, militias and terrorist threats since the beginning of 2018. The number of displaced people in the Kurdistan region has reached 6,000 this year," Zebari said in a press release.
He pointed out that "the influx of displaced people to the Kurdistan region increased the population of the region by 23%, and this became a great burden economically and financially."
According to the latest statistics, the total number of displaced from neighboring countries amounted to 276 thousand, 242 thousand displaced Syrians, 21 thousand Turks, 13 thousand Iranians, in addition to Palestinians and others, and the number of internally displaced persons from Iraq exceeded one million and 100 thousand displaced."
The Kurdistan Regional Government (KRG) remains committed to human rights principles, and has been and continues to be a safe haven for IDPs and internally displaced persons from various communities in Iraq and neighboring countries," he said.
He pointed out that "the Kurdistan Regional Government does not follow the principle of forced return of displaced persons to their areas of residence, in contrast the provincial government has exhausted its efforts to provide these displaced and displaced people with assistance and provide the necessary services for them and ensure their rights."
He added that "2055 displaced persons returned to their areas voluntarily from January 2018 until now."
The daily expenses of IDPs and refugees from basic needs such as shelter, security, hygiene, health care and education, as well as camp management, amount to $ 5 million and $ 550,000," Zebari said. "There are 39 camps in the Kurdistan region, nine of them for refugees and 30 camps for displaced people."
According to statistics, 63.5% of displaced people and 87.9% of Syrian refugees are currently working and are entitled to enter and leave the camps to work easily.
Zebari called on UN agencies and international organizations to "increase their assistance to refugees and internally displaced persons mainly in terms of shelter, education and health care."
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Kauaihn Iraq Articles:dd
Iraq and Austria discuss a scientific memorandum of understanding and a fellowship file
The Minister of Higher Education and Scientific Research, Abdul Razzaq Al-Issa, and his Austrian counterpart Jakob Kastel discussed in Vienna the requirements for the signing of a scientific and academic memorandum of understanding between the two countries and the fellowship file for Iraqi students.
A statement issued by the Ministry of Education, which received the agency {Euphrates News} a copy of it, that Eissa and Castell "met on the sidelines of the United Nations meeting of the Committee on Outer Space and examined the tracks of scholarships for Iraqi students in Austria and obtain the degrees of masters and doctorate, especially for areas affected by gangs.
The two sides discussed ways to sign a memorandum of understanding between the two countries to develop cultural and academic exchanges. It was also agreed to hold a meeting in mid-November of this year between specialists from the two ministries to develop a strategic vision to develop academic cooperation and benefit from Austrian expertise in the field of clean energy and various engineering specialties
The two sides discussed ways to sign a memorandum of understanding between the two countries to develop cultural and academic exchanges. It was also agreed to hold a meeting in mid-November of this year between specialists from the two ministries to develop a strategic vision to develop academic cooperation and benefit from Austrian expertise in the field of clean energy and various engineering specialties
Greece has been struggling with its financial crisis since 2009
(Eurostat News) Eurozone finance ministers agreed on conditions for Greece's exit from the third bailout program in August, which included debt relief measures for Athens and a final tranche. Eurogroup Chairman Mario Sentino told a news conference on Friday morning, hours after difficult negotiations in Luxembourg, that the eurozone group had agreed to extend Greek loans for 10 years from the European Financial Stability Fund as part of its debt relief.
In addition to extending the maturity of the debt, European creditors will have to grant Greece a final payment of 15 billion euros.
The package, which marks the end of Greece's third aid program, aims to ensure that Athens is able to repay debt and not back down on reforms as it aims to return to capital markets.
Greek Finance Minister Yuclid Tsalotos welcomed the agreement, pointing out that Athens looked forward to the future with optimism.
"It is the end of the crisis in Greece. Our country is folding this page and has all the ingredients for market access and development," he said.
He added that the Greek government would not forget what the people of the country had suffered over the past eight years, promising that citizens "will see the results quickly," and said the level of austerity will decline either through tax cuts or through increased spending.
The European Union and the International Monetary Fund (IMF) have given Greece more than 250 billion euros of loans in 2010 as part of its financial assistance programs to Athens, which is suffering from a crisis in government debt.
In August 2015, the third international program to support Greece was approved at the level of € 86 billion, with Greek debt exceeding € 315 billion, or 175 percent of its gross domestic product.
The IMF hopes to agree on a new program of cooperation with Greece until the end of this year to help Athens overcome the crisis and overcome it completely.
The Greek government debt crisis is a financial crisis that hit the Greek economy in April 2010 when the Greek government asked the European Union and the International Monetary Fund to activate a bailout plan that includes loans to help Greece avoid the risk of bankruptcy and default and Greek interest rates have risen to high rates Due to fears among investors of Greece's inability to meet its debts, especially with the high rate of budget deficit and the increase in the size of public debt.
The Greek crisis threatened the stability of the euro area and raised the idea of Greece's exit from the economic zone, but Europe decided to help Greece in return for economic reforms and austerity measures aimed at reducing the budget deficit.
The Greek crisis began in late 2009 as investors feared that Greece could not meet its debt due to a sharp increase in public debt. This has led to a crisis of confidence in the financial markets that was evident by the high interest rates on Greek bonds and the rise in Greek bond insurance against default.
With the increase in the size of the public debt and the increase in the deficit of the mono, Greece's economy has been experiencing a weak growth, which has complicated Greece's position and made it difficult for it to obtain new loans to repay its previous debts. d
In addition to extending the maturity of the debt, European creditors will have to grant Greece a final payment of 15 billion euros.
The package, which marks the end of Greece's third aid program, aims to ensure that Athens is able to repay debt and not back down on reforms as it aims to return to capital markets.
Greek Finance Minister Yuclid Tsalotos welcomed the agreement, pointing out that Athens looked forward to the future with optimism.
"It is the end of the crisis in Greece. Our country is folding this page and has all the ingredients for market access and development," he said.
He added that the Greek government would not forget what the people of the country had suffered over the past eight years, promising that citizens "will see the results quickly," and said the level of austerity will decline either through tax cuts or through increased spending.
The European Union and the International Monetary Fund (IMF) have given Greece more than 250 billion euros of loans in 2010 as part of its financial assistance programs to Athens, which is suffering from a crisis in government debt.
In August 2015, the third international program to support Greece was approved at the level of € 86 billion, with Greek debt exceeding € 315 billion, or 175 percent of its gross domestic product.
The IMF hopes to agree on a new program of cooperation with Greece until the end of this year to help Athens overcome the crisis and overcome it completely.
The Greek government debt crisis is a financial crisis that hit the Greek economy in April 2010 when the Greek government asked the European Union and the International Monetary Fund to activate a bailout plan that includes loans to help Greece avoid the risk of bankruptcy and default and Greek interest rates have risen to high rates Due to fears among investors of Greece's inability to meet its debts, especially with the high rate of budget deficit and the increase in the size of public debt.
The Greek crisis threatened the stability of the euro area and raised the idea of Greece's exit from the economic zone, but Europe decided to help Greece in return for economic reforms and austerity measures aimed at reducing the budget deficit.
The Greek crisis began in late 2009 as investors feared that Greece could not meet its debt due to a sharp increase in public debt. This has led to a crisis of confidence in the financial markets that was evident by the high interest rates on Greek bonds and the rise in Greek bond insurance against default.
With the increase in the size of the public debt and the increase in the deficit of the mono, Greece's economy has been experiencing a weak growth, which has complicated Greece's position and made it difficult for it to obtain new loans to repay its previous debts. d
Turkey Arrests Dozens of Kurds over Suspected PKK Link
Ankara Governorship claimed in a statement that AK-47 and SIG SG-542 rifles and ammunition were seized from the location raided by the security forces, as reported by Anadolu Agency.
A day earlier, the agency quoted an unnamed security source saying that 79 other people were arrested for similar accusations across the country.d
Iran non-oil exports up by 21 percent
Tehran, June 22, IRNA - Iran's non-oil exports from March 2 to June 17, 2018 hit 11.242 billion dollars registering a 21 percent increase compared to the similar period last year, the head of the Customs Administration said Thursday
The country's imports in the afore-mentioned period showed a five percent decline compared to the corresponding period in 2017, Forud Asgari said.
Statistics show that 9.984 billion dollars worth of commodities were imported to the country during the March-June period, he said.
The head of the Customs Administration said the country's trade balance up to June 17 was positive standing at 1.258 billion dollars.
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Statistics show that 9.984 billion dollars worth of commodities were imported to the country during the March-June period, he said.
The head of the Customs Administration said the country's trade balance up to June 17 was positive standing at 1.258 billion dollars.
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Iran calls on Europe to stand up to US bullying
Rome, June 22, IRNA – Kamal Kharrazi, head of Iran's Strategic Council on Foreign Relations, said on Thursday that Europe needs to stand up to the bullying of the US. Kharrazi made the remarks in an exclusive interview with Italian daily newspaper, Il Manifesto.
US sanctions are not only against Iran, but are against the entire world, including Europe, the official said, adding, such unilateral sanctions will harm the interests of all the countries.
'The only way to counter the sanctions is to resist US pressure,' Kharrazi said. 'This is not the issue of helping Iran, but it is related to the European countries and their security.'
Asked about the possibility of Trump's eagerness to engage in talks with Iran after he has negotiated with Kim Jong-un, Kharrazi said: 'The US does want to engage in talks with us. This is Iran that is not ready to talk to the US. The reason for that is clear. Because we experienced negotiations with the US and saw the outcome.'
Although all the reports by the International Atomic Energy Agency confirmed Iran's commitment to its obligations under the nuclear deal, the United States decided to unilaterally withdraw from the accord, Kharrazi said.
'We have no confidence in the US,' the official added.
US sanctions are not only against Iran, but are against the entire world, including Europe, the official said, adding, such unilateral sanctions will harm the interests of all the countries.
'The only way to counter the sanctions is to resist US pressure,' Kharrazi said. 'This is not the issue of helping Iran, but it is related to the European countries and their security.'
Asked about the possibility of Trump's eagerness to engage in talks with Iran after he has negotiated with Kim Jong-un, Kharrazi said: 'The US does want to engage in talks with us. This is Iran that is not ready to talk to the US. The reason for that is clear. Because we experienced negotiations with the US and saw the outcome.'
Although all the reports by the International Atomic Energy Agency confirmed Iran's commitment to its obligations under the nuclear deal, the United States decided to unilaterally withdraw from the accord, Kharrazi said.
'We have no confidence in the US,' the official added.
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GLOBAL/NEWS/INFO
You Can Get Free Milkshakes, Lemonade and Smoothies Today for the First Day of Summer 2018
Money
Money
Celebrate the start of summer with a free drink Read the full story
When the next recession hits, central banks in the US, Japan and Europe simply won’t have the tools to fight it
South China Morning Post
South China Morning Post
Nicholas Spiro says the global economy is looking shaky amid escalating trade tensions, but the worse news is that the monetary policies already in place to stimulate demand and the explosion in public indebtedness will severely limit policy actions to fight a downturn Read the full story
Which countries are the richest? A look at the Top 25 based on average income
USA TODAY
While gross domestic product provides an accurate picture of the size of a nation’s economy, gross national income, or GNI, is a more precise measure of the financial well-being of a country's citizens. Read the full story
Today Is the Longest Day of the Year. Here's What to Know About the 2018 Summer Solstice
TIME
TIME
There are 17 hours of sunlight Read the full story
10 tech jobs that offer six-figure salaries
These positions allow you to bring home a solid paycheck.
This simple trick will save you $10 every time you go shopping
Trim your bill before you get to the checkout line.
Supreme Court rules states can collect sales tax for online purchases nationwide
Fox News
Online shoppers could find costs going up after the Supreme Court did away Thursday with a decades-old precedent limiting the ability of states to collect sales tax on certain out-of-state Internet purchases. Read the full story
OIL/COMMODITIES/ENERGY
Gold's Slump May Be Far From Over
Investing.com
Investing.com
Commodities Jun 21, 2018 10:50 GMT Investing.com - Gold prices have been hitting new lows for the year, and some analysts say get used to it. The precious metal staged several modest rallies above the $1,350 an ounce level during the first few months of the year. Since mid-April, however, gold has been on a steady decline, falling below $1,300. Gold, and silver for that matter, are trapped in a "bear super cycle," according to the Wells Fargo (NYSE:WFC) Investment Institute. That cycle began in Read the full story
Gold carves out fresh 2018 low as dollar index at highest since July
MarketWatch
Gold hits a fresh low for 2018 on Thursday as a leading dollar index reached its highest level since last summer. Read the full story
Gold prices inch up, but firm dollar limits gains
Gold prices edged up on Thursday, but hovered close to a six-month low touched in the previous session as a firm U.S. dollar curbed gains.
Oil prices dip as Iran signals support for small OPEC supply increase
Oil prices dipped on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output.
Read more: https://www.cnbc.com/2018/06/
Oil Markets Brace For Russia, OPEC Production Boost
Forex Jun 20, 2018 15:09 GMT Investing.com - Oil traders are betting OPEC and Russia will announce an increase in oil production this week. Analysts say it’s only a matter of how much. Market watchers say OPEC members are fundamentally divided over what to do, and that means trying to forge some kind of compromise at the oil cartel’s meeting on Friday. Analysts say the production increase could be anywhere between 300,000 and 1.5 million barrels a day. Russia has said it wants the high end, Read the full story
Oil Extends Gains After Data Shows U.S. Crude Stocks Fall By 5.9M
© Reuters. Oil Prices Hit Session Highs After Weekly Supply Data Read the full story
BANKS/BANKING/CREDIT
REPORT: Deutsche Bank lost 12 times more than it thought was possible in one day of trading
Business Insider
Business Insider
A man walks near a logo of Deutsche Bank AG in Tokyo July 16, 2014. Deutsche Bank lost 12 times more than risk modeling predicted it could in one day of trading earlier this year. The losses which have been described as "very unusual" are still unexplained by commentators. The news raises questions of risk modelling and internal controls within Deutsche Bank, which has already had a troubled year. Traders at Deutsche Bank's US unit suffered losses 12 times larger than its risk projections Read the full story
Deutsche Bank to pay $205 million to settle NY currency rigging charges
Reuters
Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York's banking laws, the state's department of financial Services said on Wednesday. Read the full story
Buy beaten-down Citi shares ahead of stress test results and earnings, Deutsche Bank says
CNBC
Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment. Read the full story
Bank investors await U.S. stress test results for payouts
Fox News
Dividends and buybacks could come next week when results are complete. Read the full story
Bank stress tests, explained
CNN
Banks are just like me and you: they can feel stress. But only one of us can topple the world's economy. CNN's Jon Sarlin explains how stress tests measure a bank's ability to react to an economic downturn, and why more banks are now passing them. Read the full story
Bank stress tests; Trade war victim; Bank of England decision
CNN Money
Here's what you need to know about the markets before you start your business day. Read the full story
SNB Leaves Key Rate On Hold
Investing.com
© Reuters. SNB keeps policy steady Read the full story
Small Business Credit Card Trends And Their Future
Forbes Magazine
Business credit cards account for $430 billion, or about 1 in every 6 dollars spent via general purpose (or consumer-oriented) cards. That number is expected to climb. Read the full story
It Might Be Time to Leave Your Big Bank
VICE
On today's episode, Allie Conti considers the pros and cons of major institutions like Wells Fargo, and smaller, less popular community banks and credit unions. Read the full story
Central bank chiefs of 4 major nations raise trade concerns
PBS NewsHour
The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. Read the full story
World's biggest central banks fret over impact of escalating trade war
Reuters
A developing trade war between the world's biggest economies is already weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful central bank chiefs argued on Wednesday. Read the full story
With Interest Rates Rising, Small Businesses Should Apply For Loans Now
Forbes Magazine
Rising interest rates impact small businesses in two ways: 1) higher cost of capital for small business borrowers and 2) less disposable income for consumers. Read the full story
TREASURIES/BONDS/STOCKS
Day Ahead: Top 3 Things to Watch
Investing.com
Investing.com
© Reuters. What to watch out for in tomorrow's session Read the full story
Top 5 Things To Know In The Market On Thursday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
America’s trade spats are rattling markets
The Economist
WHEN Donald Trump declared on March 22nd that he planned to impose a 25% tariff on $50bn a year of imports from China, the prospect of a trade war between the world’s two largest economies briefly spooked stock markets. Read the full story
Investors poured $7.54 billion into equity ETFs after rocky G7 meeting: ICI
Reuters
Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $7.54 billion of net new cash in the week ended June 13, according to Investment Company Institute data released on Wednesday. Read the full story
Opinion: The simple reason the next bear market will be more painful
MarketWatch
What’s the size of your portfolio? Read the full story
The smart money smells opportunity in this market — but it’s a risky play for retail investors
MarketWatch
The junk-bond market has been on fire. But as corporate debt piles up to “precarious heights” in the face of a rising-rate environment, Wall Street pros are licking their lips over the potential popping of the bubble. Read the full story
CRYPTO'S / DIGITAL CURRENCY
New Resistance Could Cap Bitcoin's Upside Price Potential
CoinDesk
CoinDesk
Bitcoin's bulls are struggling to force a rally, despite a still-favorable short-term set-up on the technical charts. Read the full story
Law firm confirms Tether was — as of June 1 — 100% backed by U.S. dollars, but questions remain
MarketWatch
Embattled cryptocurrency firm Tether announced today that a third-party legal services firm confirmed that on June 1, 2018, at the close of business, the company’s Tether balance was 100% backed by U.S. dollars. Read the full story
Coinage CEO wants the cryptocurrency market to move beyond Bitcoin
VentureBeat
Cryptocurrency exchanges are legion, but one thing ties the majority of these trading platforms together: They rely on linking value to Bitcoin. After Coinage recently announced the launch of its launch mobile-friendly cryptocurrency exchange, I asked the company's CEO, Chad Pankewitz, about the future of cryptocurrency trading. "From a long-term perspective, we want to take a... Read the full story
Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds
CoinDesk
South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week. Read the full story
Why the Fed should consider its own digital currency: former FDIC chairman
Fox News
The Federal Reserve can restore confidence in banks and boost the economy if it issued its own digital currency. Read the full story
CURRENCIES
Dollar scales 11-month peak, oil slides ahead of OPEC
Reuters
Reuters
Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world's supply of crude. Read the full story
Forex - Dollar Subdued as GBP/USD Fights Back, U.S. Housing Data Fall Short
Investing.com
Forex Jun 20, 2018 16:53 GMT Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.01% to 94.66 after trading as high as 94.98 during the session. The dollar come under pressure after sales of previously owned homes in the U.S. unexpectedly fell in May, Read the full story
Forex - Dollar near 11-Month Highs, Pound at 2018 Lows before BoE
Investing.com
© Reuters. Dollar near 11-month highs, pound at 2018 lows before BoE Read the full story
Dollar buoyant near 11-month highs, shaky pound awaits BOE
The dollar hovered near an 11-month high against a basket of currencies on Thursday, supported by a rise in U.S. yields.
The dollar keeps rising against China's yuan. That's set to continue
CNBC
China's yuan has been slipping against the dollar amid fears of a trade dispute, but that's not the only factor moving the currency. Read the full story
Chinese yuan eases for sixth straight session, sliding 2 per cent in a week amid deepening US-China trade war
South China Morning Post
Thursday, 21 June 2018, 12:45:PM The Chinese yuan lost 2 per cent against the US dollar in the past week, falling for a sixth straight session on Thursday afternoon, as trade war concerns continued to weigh on sentiment, prompting rumours that the People’s Bank of China (PBOC) would take action to stabilise the currency. The offshore yuan in Hong Kong eased to 6.5166 per US dollar in late afternoon trade, down 0.54 per cent from Wednesday’s close. The currency has dropped 1,290 basis points, or Read the full story
INSURANCE / HEALTH
Twenty U.S. states target protections for pre-existing health conditions
Reuters
Reuters
(The writer is a Reuters columnist. The opinions expressed are his own.) Read the full story
Scientists use caffeine to control genes—and treat diabetic mice with coffee
Ars Technica
The proof of concept in mice works with tea, too. Read the full story
This Usually Sleepy Race Could Become a Showdown Over Single-Payer Health Care
Mother Jones
Last year, as Republicans in Congress were working to dismantle Obamacare, the California state Senate was headed in the opposite direction. Last June, Democratic lawmakers passed a bill that would have ended private health insurance in the state, replacing it with a publicly funded single-payer system that would cover medical costs for all residents. The Healthy... Read the full story
Oscar Health To Enter Six New Insurance Markets Despite Obamacare Attacks
Forbes Magazine
Oscar Health said it will sell health insurance in six new markets across three new states: Florida, Arizona and Michigan. Read the full story
USA/CANADA
U.S. Homes Prices Least Affordable in Almost a Decade
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App The American dream continues to fade for many people. Housing affordability dropped this quarter to the lowest since late 2008, according to data released this month by the National Association of Realtors. In May, the median price of a previously owned homes rose to a record $264,800, NAR data show. A separate report from ATTOM Data Solutions shows average wage earners would need to spend 31.2 percent of income to buy a median-priced Read the full story
Real estate developer: Here's how to find the next hot neighborhood
Real estate mogul Sidney Torres says these are the telltale signs that a neighborhood is about to explode.
Hot Property | What $1 million buys right now in three Santa Barbara County communities
Los Angeles Times
The economies of the 40 biggest US cities, ranked from worst to bestBusiness Insider
Courtesy of TripAdvisor The US economy varies in its biggest cities. Metro areas such as San Francisco, Seattle, Austin, and San Jose have particularly strong economies; Cleveland, Virginia Beach, and Providence are much weaker. That's according to our ranking, which ranks metro areas by taking into account their unemployment rate, average weekly wage, job growth rate, GDP per capita, and GDP growth rate. The source of America's prosperity is its big cities. Business Insider combined five Read the full story
Trump signs order that he says will keep migrant families together
President Donald Trump signed an executive order Wednesday that he says will keep migrant families together during detention on the U.S.-Mexico border.
The president backed down from a stand over his administration's splitting of migrant families, which for days the White House insisted could only end through congressional action. Facing a nationwide uproar and bipartisan calls to at least temporarily end the policy, the president said he "didn't like the sight or feeling of families being separated."
Trump said he will not end the administration's "zero tolerance" policy of criminally prosecuting every adult who crosses U.S. borders illegally, including those seeking asylum. The White House also will keep pressure on Congress to pass legislation that meets Trump's goals of halting the separation practice, funding his proposed border wall and limiting legal immigration.
https://www.cnbc.com/2018/06/
Trump tariffs to hit these countries hardest
Fox News
The Trump administration's trade policies stand to cause hefty losses for some of the country's biggest trading partners. Read the full story
Our approach to dealing with Trump 'has been the right one,' Trudeau says
CBC News
Despite an ever-increasing strain on relations between Canada and the United States on a number of fronts, Prime Minister Justin Trudeau said he thinks he has taken the right approach in dealing with U.S. President Donald Trump. Read the full story
EMERGING MARKETS
Venezuela says U.S. sanctions hurt oil market stabilityReuters
U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. Read the full story
Venezuela president boosts minimum wage as inflation soars
ABC News
Venezuela's president says he is again raising the minimum wage, though it still will be below the equivalent of $2 a month as inflation soars in the crisis-stricken country Read the full story
St. Regis Bahia Beach Resort In Puerto Rico To Reopen In October
Forbes Magazine
The St. Regis Bahia Beach Resort in Puerto Rico is scheduled to reopen on October 29th following an extensive $60 million renovation. The renovation touched nearly every aspect of the resort, including each of the 139 guest rooms and suites. Read the full story
Saudi Arabia, Argentina to be part of MSCI emerging markets index
Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification in a move that could be supportive of their local equities.
Argentina Economy: IMF approves $50B credit line to solve crisis
TRT World
Argentina Economy: IMF approves $50B credit line to solve crisis Read the full story
Puerto Rico's new law moves to privatize power grid nine months after Hurricane Maria
NBC News
“Our objective is simple: provide better service, one that’s more efficient and that allows us to jump into new energy models,” Gov. Ricardo Rosselló said. Read the full story
Should Social Networks Focus More on Emerging and Developing Countries?
Adweek
The percentage of adults using social networking sites in advanced economies has reached a plateau and experienced very little growth since 2015, but the story is quite different in emerging markets. Pew Research Center conducted a survey in 37 countries earlier this year, drawing 40,448 respondents, and the think tank also incorporated analysis from previous... Read the full story
As emerging markets wrestle with trade-related woes and the dollar, is the pain over?
MarketWatch
Emerging-market equities, one of the top-performing segments of the global economy in 2017, have undergone a dramatic reversal thus far this year, tumbling amid the twin headwinds of a stronger U.S. dollar and ongoing trade uncertainty between the U.S. and China. Read the full story
The Beatdown in iShares MSCI Emerging Markets Fund Is Overdone
InvestorPlace
Emerging Market stocks are deeply oversold and due for a bounce. Here's how to game the snap-back with naked puts on the iShares MSCI Emerging Markets ETF (EEM). Read the full story
As emerging markets wrestle with trade-related woes and the dollar, is the pain over?
MarketWatch
Emerging-market equities, one of the top-performing segments of the global economy in 2017, have undergone a dramatic reversal thus far this year, tumbling amid the twin headwinds of a stronger U.S. dollar and ongoing trade uncertainty between the U.S. and China. Read the full story
MIDDLE EAST
Sara Netanyahu, wife of Israeli PM, charged with fraud
NBC News
NBC News
In February, police recommended Benjamin Netanyahu be indicted on charges of corruption and bribery. Read the full story
Algeria and Iraq shut down internet to prevent exam cheating
Aljazeera
The Algerian government has ordered telecom companies to shut down the internet in the country for several hours every day for the next few days to prevent high school students from cheating. Facebook will be blocked completely during the five days the exams take place. The decision was made in an attempt to prevent what happened in 2016, when the exam questions leaked online before the exams took place. According to Algerie Telecom, access will be cut off for mobile and landline connections for Read the full story
Judge tells US: Stop meddling with detained Iraqi nationals
ABC News
Judge orders US immigration officers to stop talking to detained Iraqi-Americans about their cases after lawyers claimed staff members were trying to pressure them to agree to deportation Read the full story
Iraq court rules cancellation of some votes in May election was unconstitutional
Reuters
Iraq's top court upheld on Thursday a law mandating a nationwide recount of votes in a May parliamentary election but ruled that the cancellation of overseas, displaced, and Peshmerga ballots was unconstitutional. Read the full story
Iraqi court orders manual recount of votes from May election
TRT World
Iraqi court orders manual recount of votes from May election Read the full story
OPEC kingpin Saudi Arabia just 'threw down the gauntlet' in its push to ramp up production
CNBC
De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week. Read the full story
China says will maintain normal relations with Iran
Reuters
China will maintain normal relations with Iran, the Commerce Ministry in Beijing said on Thursday. Read the full story
Dubai real estate a hotbed for money laundering: report
Fox News
Dubai's real estate market has allegedly become a real estate market haven for drug traffickers, fuel smugglers and terrorists. Read the full story
AFRICA
What Investors Think of Rwanda
AllAfrica
AllAfrica
What Investors Think of Rwanda A survey, undertaken by the Rwanda Development Board and the World Bank Group, with support from the UK Department for International Development shows that the country's present market opportunity and economic path as reasons that influenced their deci Rwanda:Perception Survey - What Do Investors Think of Rwanda? Read the full story
What the Electronic Tax Stamp Tender Means for Tanzanians
AllAfrica
What the Electronic Tax Stamp Tender Means for Tanzanians The government's decision to introduce electronic tax stamps on all good produced in the country to enable better collection of taxes has has been welcomed by manufacturers, but the Swiss company who will manage the process has come under fire. Tanzania:What the Electronic Tax Stamp Tender Means to You Tanzania:Bunge Puts Swiss Firm On the Spot Over Electronic Stamp Tender Tanzania:Liquor Firms Hail New Government Stamps Tanzania:Liquor Read the full story
Zimbabwe: Army Kicks Out Youths From Foreign-Owned Gold Mine
AllAfrica
The Zimbabwe National Army has moved to dislodge hordes of Zanu PF youths who had invaded a gold mine owned by a foreign company in the Midlands. This comes after some Zanu PF bigwigs in the province were fingered as the ring leaders of the mine seizure and further allowing some party youths to mass into the property. Gaika Mine is owned by Jersey-based and privately owned Duration Gold which acquired several mines in the country back in 2006 and kept them under care and maintenance due to the Read the full story
Zimbabwe: Central Bank Avails U.S.$20 Million for Wheat Imports
AllAfrica
The Reserve Bank of Zimbabwe has released $20 million needed by millers to pay for the wheat they are importing from Canada and Germany. The $20 million is part payment for the 200 000 metric tonnes of wheat which millers, through their apex representative body, the Grain Millers Association of Zimbabwe (GMAZ), last month sourced from the two countries. The shipment will however be delivered in batches until the country starts harvesting its winter wheat this summer. Last week, GMAZ wrote to the Read the full story
Nigeria: Buhari Signs 2018 Budget
AllAfrica
(Photo: Premium Times) President Muhammadu Buhari has signed the 2018 appropriation bill containing the year's federal spending details as approved by the National Assembly. Mr Buhari signed the budget at about 12 noon on Wednesday inside his office at the presidential villa Abuja. The total budget is N9.1 trillion, up from the N8.6 trillion estimates he submitted to the Assembly on November 7, 2017. The two chambers of the National Assembly passed the budget on May 16, six months after it was Read the full story
Potraz slashes mobile data costs by 60pct, move to hit telcos revenue
Source
HARARE, June 20 (The Source) - Zimbabwe’s telecoms regulator has slashed the cost of mobile data and that of mobile transactions by 60 percent from next month, to make access to the internet more affordable but likely to hit incomes of mobile operators. With revenue from voice calls continuing to drop, data has become the... Read the full story
ASIA
China Accuses U.S. of Trade ‘Abuses’ as India Hits Back at Trump
Bloomberg
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App Trump's Tariffs Could Deliver a Sizable Hit to China's Growth Global trade tensions deepened Thursday with China reiterating it will hit back if the latest tariff threats from Donald Trump materialize, while India followed the European Union in slapping retaliatory levies on U.S. goods. China is "fully prepared" to respond to any new list of U.S. tariffs, according to a commerce ministry spokesman, who said the nation will use a Read the full story
China commerce ministry: U.S. is unpredictable, U.S. workers to be hurt ultimately
Business Insider
Business Insider
China's Ministry of Commerce spokesperson Gao Feng attends a news conference at the commerce ministry in Beijing Thomson Reuters BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt. China believes its previous trade negotiations with the United States were positive and constructive, but because the U.S. government is being Read the full story
Asian stocks subdued after Nasdaq notches record close; trade concerns simmer
Asian stocks were muted as global markets calmed after an elevation in trade tensions between the U.S. and China triggered a sell-off earlier in the week.
Read more: https://www.cnbc.com/2018/06/
China Vice Premier Liu to meet EU delegation next week
Reuters
Chinese Vice Premier Liu He will meet with a senior European Union delegation in Beijing next week, China's Commerce Ministry said on Thursday. Read the full story
Could China turn to Iran oil? Former Exxon president weighs in
Fox News
Former Exxon President Jerry Bailey discusses trade disputes between the U.S. and China. Read the full story
China's boycott of US goods remains a real threat
CNBC
China's willingness to boycott imported goods in order to inflict economic pain on its adversaries is often referred to as "boycott diplomacy." Read the full story
EUROPE
We want to say yes: UK unveils Brexit residency rules for EU citizensBusiness Insider
EU flags outside the Houses of Parliament in Westminster, London Thomson Reuters By Michael Holden LONDON (Reuters) - Britain unveiled its planned residency rules for European Union citizens living in the United Kingdom after Brexit on Thursday, promising an "easy" system that would work in the favor of those wanting to stay. The issue of what would happen to the more than 3 million EU citizens currently living in Britain was one of the most contentious aspects of divorce talks before a Read the full story
We want to say yes: UK unveils Brexit residency rules for EU citizens
Business Insider
EU flags outside the Houses of Parliament in Westminster, London Thomson Reuters By Michael Holden LONDON (Reuters) - Britain unveiled its planned residency rules for European Union citizens living in the United Kingdom after Brexit on Thursday, promising an "easy" system that would work in the favor of those wanting to stay. The issue of what would happen to the more than 3 million EU citizens currently living in Britain was one of the most contentious aspects of divorce talks before a Read the full story
After €300 billion in aid, Greece will exit its bailout on shaky ground
Quartz
After eight years and more than €300 billion ($346 billion) in bailout money, Greece is tantalizingly close to exiting its latest aid program. The third… Read the full story
Brexit moves from procedure to substance
Sky News
The Great Repeal Bill passes - now for the really hard stuff. Read the full story
Brits are finding it's hard to leave the European Union
New York Post
Britain will mark this weekend the second anniversary of its vote for Brexit, and it’s learned one thing for sure: It’s a lot easier to get into Europe than it is to get out. British voters may have stunned the world by deciding to leave Europe. Ever since, though, their politicians have been quarreling with the Europeans — and among themselves. And they’re still not out. The blokes at Ladbrokes betting parlor are posting odds of only 40 percent that Britain will manage to leave the EU by the Read the full story
The EU just hit back at Trump with its own tariffs on American goods
Vox
The EU will soon impose tariffs on goods like peanut butter, orange juice, and Harley-Davidson motorcycles. Read the full story
Here’s one way for British-pound bulls to prep for the Bank of England policy meeting
MarketWatch
Sterling bulls might want to take the dollar out of the equation, analysts say. Read the full story
Trump Trade War: European Union Hits Back With Tariffs, Floats Auto Deal
Investor's Business Daily
The European Union is responding to Trump tariffs with carrots as well as sticks. Read the full story
Hungary approves 'STOP Soros' law, defying EU, rights groups
Reuters
Hungary's parliament on Wednesday approved a package of bills that criminalises some help given to illegal immigrants, defying the European Union and human rights groups and narrowing the scope for action by non-governmental organisations (NGOs). Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI closed on Friday and Saturday
Kauaihn Chatter:
http://www.dinarguru.com/
6-21-2018 Intel Guru RayRen98 The Federal Court announced the legitimacy of the third amendment to the election law voted by Parliament. Salim Shawqi was stated as saying, "The decision of the Federal Court was expected, but the results of the elections will not have a major significance." PM Abadi is "expected" to immediately commence the arrest of the crooked politicians who lost their seats on July 1, 2018. He is also expected to start an investigation seeking those responsible for the fall of Mosul as previously requested by Sadr. Implementation of the economic reforms is expected immediately following the placement of the new Parliament members. Citizens have been in a two-week awareness campaign of the new changes by posting lower denoms on the billboards for all to see.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Kaperoni There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact. I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles on PM Abadi's website.
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ARTICLE 2
Baghdad awaits the arrival of Sadr and the convening of an expanded meeting of five blocks and the signing of the "Charter of Honor"
BAGHDAD - June 21 - The semi-official newspaper Al-Sabah said in a report published on Thursday that Baghdad will witness in the coming days a meeting between the blocs of Al-Fath, Al-Fateh, Al-Nasr, the coalition of state law and the National Wisdom Stream. The next government.
According to the sources said that "is scheduled to hold five blocks of a meeting in Baghdad to discuss three files, including the formation of the new government."
"The blocs are all: the coalition," Surson "supported by the leader of the Sadrist movement Moqtada al-Sadr, and the alliance" conquest "led by Hadi al-Ameri, and the coalition" victory "led by Prime Minister Haider Abadi, and a coalition of law led by Vice President Nuri al-Maliki, "Wisdom" headed by Ammar al-Hakim. "
In the context of the newspaper, "the new Arab", in a report published on Thursday, close to the arrival of the leader of the Sadrist movement Moqtada al-Sadr, to Baghdad, to attend a meeting of the hope to sign the blocks wishing to join the "national space" a "document of honor."
The newspaper quoted the Iraqi political sources in Baghdad, "Sadr will arrive in Baghdad again to attend a meeting with Shiite political leaders, to discuss a document of honor expected by the political blocs wishing to join the alliance, headed by Sadr and the opening headed by Hadi al-Amiri, Comprehensive government ".
According to the sources, "Sadr's upcoming visit will announce the features of the largest bloc of Baghdad." (1)
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ARTICLE 3
Abadi: Political conflicts have severed services and turned them into a crisis of confidence in the government
2018/6/21 20:17
[Ayna-Baghdad]
Prime Minister Haider Abadi said that political conflicts have contributed to influencing public opinion and politicizing the lack of services and turning them into a crisis of confidence in the government.
"Abadi stressed during his meeting with the media in the ministries on Thursday that the need to transfer information transparently and accurately, to stay away from cheap media and to convey the facts without exaggeration," a statement from his office said. With a direct impact on the lives of citizens, especially those linked to services. "
Abadi pointed out that "political conflicts have contributed significantly to influence public opinion and politicize the lack of services and turn them into crises that undermine the citizen's confidence in the government, through the manufacture of false news," accusing some media feed the citizen with news and false information, and focus in the minds of citizens false news Absence of the role of government media ".
"The government is obliged to respond to citizens' genuine requests, not to the fabricated requests made by some parties through media outlets," he said, calling on the media to "work professionally in dealing with information, managing and monitoring the news without ignoring the factors of speed and accuracy in conveying the facts to the public."
He concluded by "focusing on the training of government spokespersons in sound vocational training and forming a network of important issues, mainly electricity, water resources and various services."
For his part, the Secretary-General of the Council of Ministers that "the formation of the government media cell will be in the next few days as well as the designation of points of focus in ministries and non-associated with the Ministry."
Also reviewed the Director of the Office of Information and Communication Government in the Secretariat of the Council of Ministers Yusra Muhsin cell goal and the most prominent mechanisms in the coordination and dissemination of information and tasks assigned to the cell.
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ARTICLE 4
Al-Fatlawi reveals a shocking surprise to the decision of the Federal Court
2018/6/21 23:28
[Ayna-Baghdad]
The head of the movement of parliamentary will Hanan al-Fatlawi, on Thursday, a shocking surprise of the decision of the Federal Court.
Al-Fatlawi on the health of social networking [Facebook] today said that "contrary to the story of the media and everyone that the decision of the court today included the approval of counting and manual counting altogether !!!"
She pointed out that "after reading the decision of the Federal Court carefully, specifically the last and last page of the resolution shows, it did not include counting and manual counting of all the centers and stations, but only the centers challenged or to be challenged !.
It is noteworthy that the member of the Electoral Commission for elections Said Kakaee revealed in a press statement, the inclusion of all electoral stations in Iraq to the process of manual counting and sorting by the decision of the Federal Court on Thursday.
The Federal Court announced, on Thursday, the constitutionality of the decision of the House of Representatives in the Third Amendment to the Law of the elections of the Council of Representatives No. 45 of 2013 amended, and responses to the appeals filed.
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ARTICLE 5
Allawi and Masoom discuss the developments of the problems of the elections of the House of Representatives and amend its law
BAGHDAD, June 22 (KUNA) - President Fuad Masum discussed with President of the Republic Ayad Allawi the latest political developments at the national and regional levels, focusing on developments arising from the problems of the elections process in the middle of last month and on the third amendment Of the electoral law passed by the House of Representatives on June 6.
According to a statement issued by the Information Office of the Presidency of the Republic, the meeting "stressed the need to respect the will of voters and work as soon as possible in a fully transparent manner, in order to enhance confidence in the democratic system and the integrity and transparency of the recent electoral process and accelerate the constitutional ratification of the final results to ensure close healing of the next House of Representatives Prelude To form the next government. " AH
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ARTICLE 6
Australian study: If you are an antibiotic abusers leave toothpaste
LONDON, June 21 (Xinhua) - A compound known as Riklozan is used in more than 2,000 personal care products such as soap and toothpastes on a daily basis, increasing the resistance of antibiotics, according to a new Australian medical study published in the journal International Environment. .
"We use these chemicals in larger quantities in everyday life, and eventually end up with high levels of antimicrobial resistance," said Dr Hu Jia, of the University of Queensland, Australia.
"The research team investigates whether Exposure to non-microbial and antimicrobial chemicals, such as triclosan, has an effect on an antibiotic resistance on E. coli bacteria, which is known as the gut intestinal intestine. At the concentration of 0.2 milligrams per liter, Triclosan Multiple drugs for anybody as long intestinal germ thick of the wild-type treatment after 30 days of exposure to the chemical. Which provides strong evidence that Triclosan in personal care products used in daily images is accelerating the spread of antibiotic resistance. " AH
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