WOTS Monday 6/18/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,167.5000 | 1,167.5000 | 1,167.5000 | | 20:00 |
| USD/VND | | | 22,473.0000 | 22,473.0000 | 22,473.0000 | | 20:00 |
| USD/CNY | | | 6.4428 | 6.4276 | 6.4294 | | 06:53 |
| USD/KWD | | | 0.3022 | 0.3015 | 0.3022 | | 06:54 |
| GBP/USD | | | 1.3275 | 1.3227 | 1.3275 | | 06:54 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,114.4000 | 13,923.0000 | 13,923.0000 | | 06:53 |
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DC NY Iraq Articles:dddd
Call to invest clients’ deposits for liquidity, Iraqi bank
Monday June 18, 2018 11:38 AM admin
Baghdad/ Iraq TradeLink: Iraqi Rafidain Bank called the Central Bank of Iraq (CBI) to invest
financial deposits.
financial deposits.
In a document, Rafidain Bank called for investing a permanent public deposits with the amount of 500 billion Iraqi dinars for thirty days according to the monthly interests.
The document called for investing a similar deposit with the amount of 500 million dollars for five years with an interest of 1.5% annually to provide liquidity in the bank, as well as another deposit of 250 million dollars for night investments, according to used interests.
It added that these procedures were proposed by the governor of the CBI to provide financial liquidity for the clients of Rafidain bank.
Allawi: keen on the participation of the Kurds and the decision and the rule of law to meet tomorrow
https://translate.
https://translate.
17 June 2018 - 23:43
Alsumaria News / Baghdad
The leader of the National Coalition, Iyad Allawi, on Sunday, clarification on the word "national space," while stressing his keen participation of the Kurds and the decision and the rule of law to meet tomorrow.
Alsumaria News / Baghdad
The leader of the National Coalition, Iyad Allawi, on Sunday, clarification on the word "national space," while stressing his keen participation of the Kurds and the decision and the rule of law to meet tomorrow.
Allawi said in a statement received by Alsumaria News, a copy of him that "talk a lot and a number of recently about the national space and its meanings," noting that "we in the National Coalition emphasize that dealing with this term means dealing with most of the main political forces the winner and not the winner."
"We are keen to confirm the presence of the Kurds and the coalition of decision and a coalition of state law for the meeting, which was scheduled on Monday with others and openness and wisdom and victory," noting that "any meeting of the political forces should include explicitly and a clear plan of action according to mechanisms and an expanded program In order to achieve the desired goal. "
It is noteworthy that Prime Minister Haider Abadi called, on (June 14, 2018), the political blocs to hold a high-level meeting immediately after the holiday, to discuss the formation of the next government. d
It is noteworthy that Prime Minister Haider Abadi called, on (June 14, 2018), the political blocs to hold a high-level meeting immediately after the holiday, to discuss the formation of the next government. d
Clashes between residents and security forces in camps for the displaced south of Mosul
Jun 18, 2018
Mosul «Al-Quds Al-Arabi»: Clashes occurred between the parents and security forces in the camps for the displaced people south of Mosul.
Eyewitnesses told Al-Quds Al-Arabi that "the clashes broke out because a staff member of the camp deliberately beat a 3-year-old boy, killing him immediately."
Following the incident, the police arrested the perpetrator in the police station. However, the children of the child, who belong to the Shamar tribe, demanded the extradition of their son to be killed, which was rejected by the security forces, witnesses said.
Jamal, an eyewitness, told Al-Quds Al-Arabi: "The parents of the child attacked the police station, clashed with the local police forces, seized their weapons and kidnapped one of the policemen and severely beat him. .
According to the source, "Iraqi army and intelligence forces intervened to resolve the conflict, but the people also clashed with them. Heavy gunfire took place in the camp before the Iraqi forces imposed A ban on roaming in order to contain the situation and regain control ».
Gamal pointed out that «the incident occurred after the driver of a tanker carrying water to the camp accidentally hit a child, which led to his death and the occurrence of clashes that were severe and came out of control after the intervention of relatives and relatives of the child who live in the camp».
He explained that «the children's parents are tribes who live in the desert of western Iraq displaced to the camp after the military operations in the country».
Displaced camps in Iraq have been in a state of chaos and instability since they were opened to receive the displaced.
According to observers, can not stabilize these camps in the situation in the country, calling for the closure and return people to their areas in order to restore stability to the country.
On the other hand, the security forces found the body of a woman in the area of Qayara south of Mosul after she was killed and thrown in the Tigris River.
Water crisis prompts Iraq to ban 8 summer crops
18/06/2018
Mahdi Mahdi al-Qaisi, Undersecretary of the Iraqi Ministry of Agriculture, revealed that the ministry has decided to ban the planting of 8 crops under the agricultural plan for the summer season because of the scarcity of water resources .
"The Ministry of Agriculture presented the agricultural plan for the summer season to the Ministry of Water Resources for adoption, and the latter apologized for not being adopted due to lack of water revenues ."
"The cultivation of rice , maize, sorghum, sesame, cotton, millet (grain used as animal feed), sunflower and cattle from the summer plan has been canceled," he said.
For years, Iraq has been suffering from a steady decline in water resources through the Tigris and Euphrates rivers, and the water shortage has exacerbated the low rainfall in the Arab country over the past years.
Iraq relies on water security mainly on the Tigris and Euphrates Rivers and their tributaries, all of them from Turkey and Iran and meet near the city of Basra in southern Iraq, to form Shatt al-Arab, which flows into the Arabian Gulf.
A water crisis began between Turkey and Iraq after Ankara recently began storing the Tigris River in the Elesu dam near the Iraqi-Syrian border.
At a time when Iraqi officials confirmed in statements to the "New Arab", earlier in June that the dam will cause serious problems for the agricultural sector, the Turkish side stressed that it did not move towards the construction of the dam only in agreement with the Iraqi side, And that the two sides have maintained understanding and joint action. Turkey has postponed the start of storage, at the request of Iraq, from January to June, which reduced the flow of water "Tigris" to Iraq by about 50%. Baghdad fears that the new Turkish dam will lead to a drought that will devour some of the agricultural land and threaten livestock, through reduced water levels. What exacerbates the crisis is the depletion of water on the other hand by Iraq through the construction of dams and reservoirs. Iraqi Prime Minister Haider al-Abadi, the ministries of water resources, agriculture, municipalities, the Secretariat of Baghdad and the security authorities recently "to take measures to implement the plan to address the scarcity of water."
The economic expert, Abdel Monem al-Tai, said that about seven million acres of Iraqi land suitable for agriculture in various provinces will face full drought, pointing to the need to accelerate the drilling of wells in agricultural areas to provide water for them.
According to data from the Center for Urban and Rural Planning in Iraq, the expected losses in all sectors affected by drought this year is estimated at more than 10 billion dollars, pointing out that Iraq currently reaches about 7 billion cubic meters of Tigris annually, after 20 billion Cubic meters.
Experts predict that the losses will not only be material, but that the water crisis will have dire consequences for society and the demographic change that will take place in drought-stricken towns and villages.
"The Ministry of Agriculture presented the agricultural plan for the summer season to the Ministry of Water Resources for adoption, and the latter apologized for not being adopted due to lack of water revenues ."
"The cultivation of rice , maize, sorghum, sesame, cotton, millet (grain used as animal feed), sunflower and cattle from the summer plan has been canceled," he said.
For years, Iraq has been suffering from a steady decline in water resources through the Tigris and Euphrates rivers, and the water shortage has exacerbated the low rainfall in the Arab country over the past years.
Iraq relies on water security mainly on the Tigris and Euphrates Rivers and their tributaries, all of them from Turkey and Iran and meet near the city of Basra in southern Iraq, to form Shatt al-Arab, which flows into the Arabian Gulf.
A water crisis began between Turkey and Iraq after Ankara recently began storing the Tigris River in the Elesu dam near the Iraqi-Syrian border.
At a time when Iraqi officials confirmed in statements to the "New Arab", earlier in June that the dam will cause serious problems for the agricultural sector, the Turkish side stressed that it did not move towards the construction of the dam only in agreement with the Iraqi side, And that the two sides have maintained understanding and joint action. Turkey has postponed the start of storage, at the request of Iraq, from January to June, which reduced the flow of water "Tigris" to Iraq by about 50%. Baghdad fears that the new Turkish dam will lead to a drought that will devour some of the agricultural land and threaten livestock, through reduced water levels. What exacerbates the crisis is the depletion of water on the other hand by Iraq through the construction of dams and reservoirs. Iraqi Prime Minister Haider al-Abadi, the ministries of water resources, agriculture, municipalities, the Secretariat of Baghdad and the security authorities recently "to take measures to implement the plan to address the scarcity of water."
The economic expert, Abdel Monem al-Tai, said that about seven million acres of Iraqi land suitable for agriculture in various provinces will face full drought, pointing to the need to accelerate the drilling of wells in agricultural areas to provide water for them.
According to data from the Center for Urban and Rural Planning in Iraq, the expected losses in all sectors affected by drought this year is estimated at more than 10 billion dollars, pointing out that Iraq currently reaches about 7 billion cubic meters of Tigris annually, after 20 billion Cubic meters.
Experts predict that the losses will not only be material, but that the water crisis will have dire consequences for society and the demographic change that will take place in drought-stricken towns and villages.
A Kurdish delegation in Baghdad to consult on the formation of the largest bloc in the Iraqi parliament
Sunday, 17 June 2018 07:21 PM
KDP official in Cairo Sherko Habib said that it is likely that a Kurdish delegation to visit Baghdad after the holiday of Eid al-Fitr, to consult with the blocks and other Iraqi political parties winning in the recent legislative elections, on the formation of the largest bloc.
Habib said in a press statement to the party office in Cairo on Sunday that the Kurdish delegation is expected to be a joint between the Democratic Party and the Patriotic Union.
On the accession of the Kurdistan Democratic Party to the alliance of the Conqueror-Fath, the representative of the Kurdistan Democratic Party in Cairo, that his party has not decided to enter any alliance until now, and that the visit to the delegation will decide that, after reaching the blocks that secure the constitutional rights of the Kurds, The foundation of true partnership, consensus and political balance.
Habib reiterated his party's calls for Kurdish parties and forces to unify the ranks and negotiate in Baghdad on the formation of the new Iraqi government, and the eligibility of the Kurds in the upcoming government elections, pointing to the existence of a large and positive response by the National Union, to unite positions with his party to strengthen the position of the Kurds, Which comes in line with the efforts of Kurdish leader Massoud Barzani and other Iraqi leaders to put an end to the differences, and seek to achieve the supreme interest of Iraq by adhering to the Constitution. d
Habib said in a press statement to the party office in Cairo on Sunday that the Kurdish delegation is expected to be a joint between the Democratic Party and the Patriotic Union.
On the accession of the Kurdistan Democratic Party to the alliance of the Conqueror-Fath, the representative of the Kurdistan Democratic Party in Cairo, that his party has not decided to enter any alliance until now, and that the visit to the delegation will decide that, after reaching the blocks that secure the constitutional rights of the Kurds, The foundation of true partnership, consensus and political balance.
Habib reiterated his party's calls for Kurdish parties and forces to unify the ranks and negotiate in Baghdad on the formation of the new Iraqi government, and the eligibility of the Kurds in the upcoming government elections, pointing to the existence of a large and positive response by the National Union, to unite positions with his party to strengthen the position of the Kurds, Which comes in line with the efforts of Kurdish leader Massoud Barzani and other Iraqi leaders to put an end to the differences, and seek to achieve the supreme interest of Iraq by adhering to the Constitution. d
Kauaihn Iraq Articles:ddd
Shiite Iraqi Dawa Party calls for expelling US forces
11:22 AM admin Monday, June 18, 2018
Baghdad/ Iraq TradeLink: The Shiite Iraqi Dawa Party called the government to terminate the
operations of the International Coalition, led by the USA.
Dawa Party, in a statement, charged the coalition forces of air strikes against the Iraqi Popular Mobilization Forces along the Syrian borders.
The statement added that the strikes affected Hezbollah party (Iraq), al-Asa’ib and al-Nujabaa’ forces.
It added that the Iraqi government should take a firm stand against this aggression, if unable, the current and coming Iraqi parliament should oblige the government to do so.
Syrian News Agency (SANA) reported that the coalition’s attack was against a Syrian military unit south-east Albu Kamal city.
According to opposition Syrian Human Rights in London, the air strikes led to killing 38 of the pro-Syrian forces.
US Central Command denied any attack for the international coalition near Albu Kamal city.d
Iraq, Iran, Venezuela oppose increasing oil production under the "OPEC +"
18/06/2018 Follow-up / Sky Press:
TEHRAN (Reuters) - Iran, Iraq and Venezuela will veto a proposal to increase oil production under the Opec + deal, Iran's OPEC delegate Hossein Kazempour Ardebili said on Monday.
The delegate of Iran in an interview with the agency "news" this increase in oil production under the OPEC agreement +] requires a unanimous decision. Three Opec founders will not allow this. Iran, as far as I know, Iraq and Venezuela, will oppose increasing oil production within OPEC, and it is certain that other members will agree with us in the opinion. "
"If they want to work on their own, this is a violation of the cooperation agreement," Kazempour said, explaining that Saudi Arabia and Russia would not be able to make a single decision.
"There is no market shortage and Opec must stick to its decision until the end of the year," he said. "There have been no major changes in the oil market, the Energy Information Administration of the US Department of Energy and the International Energy Agency have hastened their conclusions on the market situation.
The Iranian delegate also called on all OPEC member states not to be dragged behind US President Donald Trump, who has imposed sanctions on OPEC member states - Iran, Venezuela and Russia.
OPEC and a number of non-OPEC members agreed at the end of 2016, in Vienna, to reduce their oil production by 1.8 million barrels per day from the level of October 2016, Russia is committed to 300 thousand barrels of them. The agreement entered into force early 2017 and has already been extended twice already, the latest to the end of 2018. Russian Energy Minister Alexander Novak said last week that Russia and Saudi Arabia support a gradual increase in oil production, OPEC countries could consider increasing production To 1.5 million barrels per day as part of the easing of the Vienna deal
A new update of the European embargo on Iraqi Airways
http://www.dijlah.tv/index.
http://www.dijlah.tv/index.
18-06-2018 12:55 PM
The Iraqi Airways Association said in a statement that the European ban on Iraqi Airways is continuing due to neglect warnings issued by the European Aviation Authority EASA of the Iraqi Airways through the Iraqi Aviation Authority.
The statement added that the new update of the ban was issued on 14/06/2018 and allowed the Europeans to enter Iraqi aircraft if it is under the operating license of a third party, as is the case for the Iraqi aircraft to European destinations is the company (Atlas Jet Turkish) This service.
Europe banned Iraqi aircraft from entering the airspace of European countries in 2015 due to the lack of air safety standards. d
KRG will never allow terror attacks against Iran from its soil
Erbil, June 18, IRNA – Following Iran’s official protest to the Kurdistan Regional Government (KRG) to terrorist groups’ infiltration into Iran from the region, KRG's spokesman said that it will never allow terrorists to carry out acts of terror from its territory against Iran.
Seffin Dizaei said, “We attach extraordinary significance to ties with Iran, as we have set up a joint committee with Iran to study sneaking of terrorists from the KRG territory to Iran.”
He underlined that they have asked terrorist groups not to use KRG soil against Iran and Turkey, and the region’s government will never let any group do so.
Following the terrorist groups’ measures against Iran from KRG soil, Iran’s representative in Erbil General Consulate recently submitted a note of protest to KRG officials.
He underlined that they have asked terrorist groups not to use KRG soil against Iran and Turkey, and the region’s government will never let any group do so.
Following the terrorist groups’ measures against Iran from KRG soil, Iran’s representative in Erbil General Consulate recently submitted a note of protest to KRG officials.
CBI Steps In to Facilitate Travel Money Exchange
Monday, June 18, 2018
A new mechanism will allow travel agencies to provide foreign currency for travelers with no need to refer to a bankIran's Cultural Heritage, Handicrafts and Tourism Organization is in talks with the Central Bank of Iran to develop a mechanism within travel agencies whereby tourists' money could be exchanged.
According to Mohammad Moheb-Khodaei, tourism deputy at ICHHTO, the general principles of the plan have been outlined but the CBI requires firm guarantees and clearer procedures which are currently being worked out in cooperation with travel agents. "In the new system, travel agencies will act as exchange shops for tourists and a system has been defined to prevent a black market," he told ISNA. d
Need for Banks to Support Entrepreneurship
https://financialtribune.com/
Monday, June 18, 2018
A lawmaker called for the establishment of specialized banks tasked with facilitating entrepreneurial development. The banking sector has long been grappling under President Hassan Rouhani with a discretionary system for granting loans, largely a legacy of the previous administration that piled a backlog of non-performing loans. “One of the Southeast Asian countries has an impressive record in creating jobs and boosting lucrative enterprises. In the long term, these small enterprises were combined into major ones and this achievement was made possible by banks that provided special backing to entrepreneurs,” Gholamali Jafarzadeh also told ICANA on Sunday, without naming the Asian country.
Monday, June 18, 2018
A lawmaker called for the establishment of specialized banks tasked with facilitating entrepreneurial development. The banking sector has long been grappling under President Hassan Rouhani with a discretionary system for granting loans, largely a legacy of the previous administration that piled a backlog of non-performing loans. “One of the Southeast Asian countries has an impressive record in creating jobs and boosting lucrative enterprises. In the long term, these small enterprises were combined into major ones and this achievement was made possible by banks that provided special backing to entrepreneurs,” Gholamali Jafarzadeh also told ICANA on Sunday, without naming the Asian country.
Venezuela Oil Production May Soon Sink to 1m bpd
https://financialtribune.com/
Monday, June 18, 2018
Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million barrels per day as early as this year, analysts and industry experts tell Platts.Venezuela’s production plummeted again in May by 42,500 bpd from April to below 1.4 million bpd—1.39 million bpd, according to OPEC’s secondary sources in its latest Monthly Oil Market Report published earlier this week, Oil Price reported.
According to the United States EIA, Venezuelan production was 1.43 million bpd last month, down from 1.46 million bpd in April and from 1.98 million bpd in May of last year.Lejla Villar, who works on projections for EIA’s monthly Short-Term Energy Outlook, currently expects Venezuela’s production to fall to 1 million bpd in the second quarter of 2019, but she is waiting to see June export numbers from Venezuela—if they are low, Venezuelan production could sink to 1 million bpd sooner than that.
“If the worst-case scenario for June production comes true, then we could see Venezuela’s production fall to 1 million b/d sooner,” Villar told Platts.“Depending on what June does, this may or may not lead me to a more pessimistic view on Venezuela’s production outlook through the end of 2019.”The International Energy Agency forecasts that Venezuela’s oil production could drop to just 800,000 bpd or even lower next year.“For Venezuela, we assume no respite in the production collapse that has taken 1 mbpd off the market in the past two years,” the IEA said in its Oil Market Report this week.
According to Francisco Monaldi, a Latin American energy policy expert at Rice University, Venezuela’s production will see a “major drop” this month and next, as production plunges to the 1-million-bpd threshold by November or December this year.Ed Morse, Global Head of Commodity Research at Citi Group, believes that the plunge to 1 million bpd is imminent, as current production is likely around 1.1-1.2 million bpd.
Venezuela’s rig count number is in the 20s, while it needs it into above-40 territory to sustain production flat, according to Morse.
Monday, June 18, 2018
Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million barrels per day as early as this year, analysts and industry experts tell Platts.Venezuela’s production plummeted again in May by 42,500 bpd from April to below 1.4 million bpd—1.39 million bpd, according to OPEC’s secondary sources in its latest Monthly Oil Market Report published earlier this week, Oil Price reported.
According to the United States EIA, Venezuelan production was 1.43 million bpd last month, down from 1.46 million bpd in April and from 1.98 million bpd in May of last year.Lejla Villar, who works on projections for EIA’s monthly Short-Term Energy Outlook, currently expects Venezuela’s production to fall to 1 million bpd in the second quarter of 2019, but she is waiting to see June export numbers from Venezuela—if they are low, Venezuelan production could sink to 1 million bpd sooner than that.
“If the worst-case scenario for June production comes true, then we could see Venezuela’s production fall to 1 million b/d sooner,” Villar told Platts.“Depending on what June does, this may or may not lead me to a more pessimistic view on Venezuela’s production outlook through the end of 2019.”The International Energy Agency forecasts that Venezuela’s oil production could drop to just 800,000 bpd or even lower next year.“For Venezuela, we assume no respite in the production collapse that has taken 1 mbpd off the market in the past two years,” the IEA said in its Oil Market Report this week.
According to Francisco Monaldi, a Latin American energy policy expert at Rice University, Venezuela’s production will see a “major drop” this month and next, as production plunges to the 1-million-bpd threshold by November or December this year.Ed Morse, Global Head of Commodity Research at Citi Group, believes that the plunge to 1 million bpd is imminent, as current production is likely around 1.1-1.2 million bpd.
Venezuela’s rig count number is in the 20s, while it needs it into above-40 territory to sustain production flat, according to Morse.
d
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Warren Buffett is selling his 31% stake in drywall manufacturer USG if its sale closes. He bought the stake during the financial crisis. Buffett's return would be 7-fold. Buffett rarely sells large holdings. It's typically pretty hard to find anything exciting to say about drywall. Yes, drywall… as in, the building material that's used for interior construction. Drywall, also known as wallboard, is manufactured from rehydrated gypsum to produce a calcium sulfate plaster, that's later mixed with Read the full story
Read more: https://www.cnbc.com/2018/06/
It might take a while to relax after retiring early. Early retirement may sound like a dream life, but there's more to it than meets the eye. Eight people who retired early shared with Business Insider the things they wish they would have known before retiring in their 20s or 30s. Some wished they had retired even earlier, while others wished they would have been more prepared to face criticism from friends, family, and people online. Early retirement sounds like a dream. Not waiting until your Read the full story
President Trumps blames Democrats for separation of migrant families ; Visitors at Yosemite can walk among the Sequia trees again Read the full story
How to Explain Crypto Collectibles to Your BankerCoinDesk
When Wells Fargo thinks your video game company is a money services business, it's time to start educating people in other fields about blockchain. Read the full story
JPMorgan Chase is taking a new twist on meeting customers “where they are:” A 27-foot trailer at business events across the U.S., offering free one-on-one advice sessions on marketing, business insights and small-business financing. The trailer, which is called Chase BizMobile, is the latest iteration of the bank’s plans to grow face-to-face connections with business owners, alongside conferences and seminars it’s organized for the last two years. The objective is to connect with clients and Read the full story
Read more: https://www.cnbc.com/2018/06/
Small businesses are America’s engine of job growth, employing nearly half of the US private workforce. And now they have finally come in from the cold — thanks to surging owner optimism and bank loan approvals at record highs. After a decade of sputtering and false starts, big banks and institutional lenders nationwide have stepped up lending in earnest. Banks with assets of at least $10 billion approved nearly 3 in 10 small-business loan applications in May, up two-tenths of a percent from Read the full story
Closed-End Funds: What You Need to KnowTheStreet
Closed-end funds have been around for some time, and they could still provide a nice boost to one's portfolio. Closed-end funds (CEFs) are unique investment vehicles with plenty of quirks that scare many investors away. Those willing to do their homework, however, will find a relatively untapped pocket of the market with potential opportunities to exploit. CEFs account for a small portion of the managed fund universe-according to Morningstar, approximately $435 billion in total assets across 520 Read the full story
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Read more: https://www.cnbc.com/2018/06/
In the Scramble to Fix Digital Identity, uPort Is a Project to Watch
CoinDesk
Digital identity is scattered and insecure. ConsenSys' uPort project wants to rework the internet to make "self-sovereign identity" a reality. Read the full story
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BitGrail, one of the cryptocurrency exchange platforms, based in Italy has released an official statement that all the Bitcoin [BTC] in the BitGrail's wallet was seized in the pursuit of the orders from Tribunal of Florence. The seizure was the consequence of the bankruptcy that happened earlier on 8th February 2018 where Nano worth more than... Read the full story
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Forex Speculators Upped Their U.S. Dollar Bearish Bets For A 2nd Week
US Dollar net speculator positions leveled at $-7.42 billion this week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators increased their aggregate bearish bets for the US dollar again this week.
http://www.investing.com/
Trade Wars, Dollar Dominance, And What It Means For Global Investing
Forbes Magazine
With the 44th G7 summit under wraps, an unfolding trade war has escalated tension between the US and its rivals. Though the Trump administration argues that the trade wars are necessary in forcing multinational corporations to bring work back home, economics suggests trade wars are costly and risky. Read the full story
Forex - Weekly Outlook: June 18 - 22
Investing.com
© Reuters. Diverging monetary policy outlook likely to weigh on euro, boost dollar Read the full story
How can you recognize and prevent suicide?
Chron.com
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Twelve-year-old receives oil for "medical emergency" after it was confiscated, home secretary says. Read the full story
People who are experiencing depression use different words than people who are not. Read the full story
Forget the Affordable Care Act: The future of our health care system will be shaped by a much bigger and broader fight — one that will likely culminate with a 2020 choice between private markets and an authentic government-run program in the form of a Bernie Sanders-style Medicare for All. The bottom line: The cost of health care — both for individuals seeking coverage and the government seeking sustainability — promises to return as the biggest domestic issue once the Trump obsession burns off. Read the full story
Why the robust economy doesn't reflect the reality for many AmericansCBS News
From families bearing heavier child care costs to couples struggling to afford a home, people across the U.S. are straining to succeed despite the economy's gains Read the full story
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New York Post
When I moved to New York a decade ago, my family and friends in Canada turned me into their cross-border mule. It was never drugs, alcohol or cigarettes that I was asked to smuggle across the border to avoid paying a hefty tariff or Canada Customs duty. It was refrigerator screws, a barbecue cover, and camera and bicycle parts — items that Amazon and other online retailers in the US just don’t bother shipping north of the border because of the myriad and dizzying array of tariffs and taxes that Read the full story
Puerto Rico 9 months after Hurricane Maria: Questions persist over death toll, closed schoolsNBC News
While most of the island finally has power back, hundreds of schools are set to close, and Maria’s true death toll is still a mystery. Read the full story
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After the double-punch of Hurricane Irma and Maria, the San Juan got to work. Read the full story
Ford is Building a New Manufacturing Plant in Mexico for Small CarsMotor Trend
Ford announced today that it will build a new manufacturing plant in Mexico. Construction of the new plant, located in Mexico’s San Luis Potosi State, will begin this summer and will be completed by 2018 at a cost of about $1.6 billion. The automaker says the plant will build small cars and should result in Read the full story
Who stands to benefit from the UAE's visa and investment rules?
CNN
The UAE opens up to foreigners in a move to attract top talent and investors. Read the full story
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Afghanistan's High Peace Council will hold a news conference on Sunday amid an unprecedented Taliban ceasefire and a day after President Ashraf Ghani said he would extend a government ceasefire but set no timeframe. Read the full story
Read more: https://www.cnbc.com/2018/06/
The attack, claimed by ISIS, disrupted a historic moment when national security forces were celebrating a temporary truce between the Taliban and national security forces. Read the full story
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(Photo: The Herald) The government says it will soon be taking stringent action against corrupt officials implicated in corrupt activities as their deeds are hampering the development of local content. Addressing stakeholder at the ongoing 8th Buy Zimbabwe Summit in Gweru yesterday, Minister of Industry, Commerce and Enterprise Development Mike Bimha said the government is crafting the Local Content Policy aimed at enhancing local; value addition through utilization of local resources and Read the full story
Thousands hold peaceful protests in Vietnam against foreign investment plansReuters
Thousands of people in central Vietnam demonstrated peacefully on Sunday against government plans to lease new economic zones to foreign investors, witnesses told Reuters, a few days after protesters in a nearby province clashed with police. Read the full story
Beijing’s new policy to cut tariffs and subsidies hits domestic and global industry. Read the full story
Trade war fears allow the haven Japanese yen to defend modest gains against the dollar, even as the Bank of Japan cements its place as the most dovish of the world’s major central banks. Read the full story
The results show an increased optimism since April that North Korea will eventually give up its nuclear weapons. Read the full story
South Korea and the United States are expected to announce the suspension of "large-scale" military drills this week, with the provision that they would restart if North Korea failed to keep its promise to denuclearize, news agency Yonhap said on Sunday. Read the full story
The Singapore Exchange (SGX) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India's National Stock Exchange (NSE). Read the full story
Sunday, 17 June 2018, 10:04:AM In his 63 months helming the Bank of Japan, Haruhiko Kuroda has run into many an obstacle: frugal consumers, testy politicians, skittish corporate executives, assertive currency traders. But the mercurial US president may trump them all. It’s not like Governor Kuroda’s historic easing programme was gaining great traction when Barack Obama was in office. Even today, inflation is, at best, halfway to Tokyo’s 2 per cent target. But 513 days of the Donald Trump Read the full story
The Crown Property Bureau transfers ownership of the royal assets after a change in the law. Read the full story
Beijing imposes 25 per cent tariff on U.S. soybeans, whiskey and cigars in retaliation for U.S. duty on $34B worth of Chinese goods. Read the full story
Merkel seeks EU migrant talks as German coalition crisis looms: paperBusiness Insider
70 Years of Social Market Economy festivities with Chancellor Angela Merkel Thomson Reuters BERLIN (Reuters) - German Chancellor Angela Merkel, struggling to avert a crisis within her coalition on migrant policy, is trying to set up a meeting of some EU states to discuss the issue before a leaders summit on June 28-29, a German newspaper reported on Sunday. Citing government sources from representatives of several EU states, top-selling Bild reported on its website that Merkel wanted to discuss Read the full story
Italy will continue to block rescue boats carrying migrants from docking in its ports, its interior minister announced Saturday. The decision escalates the new populist government's fight with other European countries on the thorny issue of migration and asylum, which has also spurred debate in the U.S. Read the full story
A parking lot of cars for sale in Britain. The British auto industry could be at risk by the end of March 2019, when the U.K. leaves the European Union. The big picture: Britain exports 45% of its cars to the rest of the EU, but with a split forthcoming and no plan in place, it's unclear how Britain is going to move one of its most valuable exports, per CNN Money. Between the lines: The Business, Energy and Industrial Strategy committee said in March that it is "unrealistic" to think new trade Read the full story
British Prime Minister Theresa May will pledge a cash boost to the National Health Service, to be funded partly from tax hikes and partly from money that will no longer be going to the European Union after Brexit, newspapers reported on Saturday. Read the full story
GLOBAL/NEWS/INFO
Father's Day Freebies 2018: 22 Places To Get Discounts And Meals On June 17International Business Times
Dads are a big part of their kids' lives, and Father's Day is the one day a year where they truly get the recognition they deserve for everything they do. Thankfully, those who aren't sure how to show dad how grateful they are may be in luck this year. Several restaurants are providing promotions to honor dads, which allows kids the chance to treat dad to a special meal while saving a little money. Read the full story
Today in History
Dads are a big part of their kids' lives, and Father's Day is the one day a year where they truly get the recognition they deserve for everything they do. Thankfully, those who aren't sure how to show dad how grateful they are may be in luck this year. Several restaurants are providing promotions to honor dads, which allows kids the chance to treat dad to a special meal while saving a little money. Read the full story
Today in History
Warren Buffett is making a rare move — and it's a sign it might be time to take some money off the table
Business InsiderWarren Buffett is selling his 31% stake in drywall manufacturer USG if its sale closes. He bought the stake during the financial crisis. Buffett's return would be 7-fold. Buffett rarely sells large holdings. It's typically pretty hard to find anything exciting to say about drywall. Yes, drywall… as in, the building material that's used for interior construction. Drywall, also known as wallboard, is manufactured from rehydrated gypsum to produce a calcium sulfate plaster, that's later mixed with Read the full story
How to pick your plane for your next trip
Airlines have long allowed passengers to add on amenities like extra legroom or Wi-Fi, but they are also making it easier to book flights based on the aircraft type.Read more: https://www.cnbc.com/2018/06/
What 8 people wish they knew before retiring in their 20s and 30s
Business InsiderIt might take a while to relax after retiring early. Early retirement may sound like a dream life, but there's more to it than meets the eye. Eight people who retired early shared with Business Insider the things they wish they would have known before retiring in their 20s or 30s. Some wished they had retired even earlier, while others wished they would have been more prepared to face criticism from friends, family, and people online. Early retirement sounds like a dream. Not waiting until your Read the full story
6/16: CBS Evening News
CBS NewsPresident Trumps blames Democrats for separation of migrant families ; Visitors at Yosemite can walk among the Sequia trees again Read the full story
OIL/COMMODITIES/ENERGY
Seasonality Chart, Bearish Commodities Signal Keep An Eye On Gold
On Friday the ongoing trade dispute between the US and China was apparently escalated by a notch to the next level, at least verbally. The Trump administration announced a list of tariffs that are supposed to come into force in three week’s time and China clicked back by announcing retaliatory action. In effect, the US government said: take that China, we will now really hurt our own consumers! – and China’s mandarins replied: just you wait, we can hurt our consumers just as badly!
© Reuters. Gold likely to remain vulernable to dollar strength Read the full story
Gold Depository Bypassing Federal Reserve Opens in Texas
s was reported in The New American back in July 2015, Texas Governor Greg Abbott had signed a bill passed overwhelmingly by state lawmakers to set up a gold-backed bank that would allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce.
https://www.thenewamerican.
https://www.thenewamerican.
Crude Oil Prices - Weekly Outlook: June 18 - 22
© Reuters. Oil markets brace for OPEC/Russia meeting Read the full story
BANKS/BANKING/CREDIT
How to Explain Crypto Collectibles to Your BankerCoinDesk
When Wells Fargo thinks your video game company is a money services business, it's time to start educating people in other fields about blockchain. Read the full story
Chase to reach business owners through 'business advice center on wheels' - Digiday
DigidayJPMorgan Chase is taking a new twist on meeting customers “where they are:” A 27-foot trailer at business events across the U.S., offering free one-on-one advice sessions on marketing, business insights and small-business financing. The trailer, which is called Chase BizMobile, is the latest iteration of the bank’s plans to grow face-to-face connections with business owners, alongside conferences and seminars it’s organized for the last two years. The objective is to connect with clients and Read the full story
As central banks tighten policy, Wells Fargo analyst says global markets just lost their 'goalie'
It's been a big week for central banks with the Federal Reserve and European Central Bank each tinkering with monetary policy. This represents a change in the winds for global markets, says Wells Fargo's Michael Schumacher.Read more: https://www.cnbc.com/2018/06/
Banks are stepping up lending to small businesses
New York PostSmall businesses are America’s engine of job growth, employing nearly half of the US private workforce. And now they have finally come in from the cold — thanks to surging owner optimism and bank loan approvals at record highs. After a decade of sputtering and false starts, big banks and institutional lenders nationwide have stepped up lending in earnest. Banks with assets of at least $10 billion approved nearly 3 in 10 small-business loan applications in May, up two-tenths of a percent from Read the full story
TREASURIES/BONDS/STOCKS
Closed-End Funds: What You Need to KnowTheStreet
Closed-end funds have been around for some time, and they could still provide a nice boost to one's portfolio. Closed-end funds (CEFs) are unique investment vehicles with plenty of quirks that scare many investors away. Those willing to do their homework, however, will find a relatively untapped pocket of the market with potential opportunities to exploit. CEFs account for a small portion of the managed fund universe-according to Morningstar, approximately $435 billion in total assets across 520 Read the full story
Economic Calendar - Top 5 Things To Watch This Week
Investing.com© Reuters. Top 5 things to watch this week in financial markets Read the full story
The Fed said it's hiking rates four times this year, but here's why the market's not convinced
The Federal Reserve may have telegraphed a fourth interest rate rise this year, but markets didn't quite get the message. As of Friday afternoon, traders were implying just a 55 percent chance of a fourth hike in December — a little better than a coin flip and just 10 percentage points or so above the chances before the meeting and the surprise dot-plot change.Read more: https://www.cnbc.com/2018/06/
CRYPTO'S / DIGITAL CURRENCY
In the Scramble to Fix Digital Identity, uPort Is a Project to Watch
CoinDesk
Digital identity is scattered and insecure. ConsenSys' uPort project wants to rework the internet to make "self-sovereign identity" a reality. Read the full story
Bitcoin’s astronomical rise last year was buoyed by market manipulation, researchers say
The Washington Post"The main takeaway is that manipulation seems to have played a large role in the rise of bitcoin and other cryptocurrencies,” the study's co-author said. Read the full story
Founder of BitGrail Francesco Firano says, "I can't do anything"
AMB CryptoBitGrail, one of the cryptocurrency exchange platforms, based in Italy has released an official statement that all the Bitcoin [BTC] in the BitGrail's wallet was seized in the pursuit of the orders from Tribunal of Florence. The seizure was the consequence of the bankruptcy that happened earlier on 8th February 2018 where Nano worth more than... Read the full story
Bitcoin: It Is All About Buy Low and Sell High
Forbes MagazineBears are still in control of the price but at the same time it is all about looking for an opportunity when the price is low. Technical indicators are showing some sign of bull strength and fundamentals are also supporting to some extent. Read the full story
CURRENCIES
US Dollar net speculator positions leveled at $-7.42 billion this week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators increased their aggregate bearish bets for the US dollar again this week.
http://www.investing.com/
Trade Wars, Dollar Dominance, And What It Means For Global Investing
Forbes Magazine
With the 44th G7 summit under wraps, an unfolding trade war has escalated tension between the US and its rivals. Though the Trump administration argues that the trade wars are necessary in forcing multinational corporations to bring work back home, economics suggests trade wars are costly and risky. Read the full story
Forex - Weekly Outlook: June 18 - 22
Investing.com
© Reuters. Diverging monetary policy outlook likely to weigh on euro, boost dollar Read the full story
INSURANCE / HEALTH
How can you recognize and prevent suicide?
Chron.com
With the recent spate of celebrity suicides — fashion designer Kate Spade and chef Anthony Bourdain — and the recent report from the Centers for Disease Control and Prevention that suicide rates in the United States have risen sharply over the past 20 years (half of all states saw a more than 30 percent rise), it’s a good time to ask ourselves if there’s a better way to recognize symptoms and do something before it’s too late. Read the full story
Cannabis oil row: Boy has epilepsy medication returned
BBC News USTwelve-year-old receives oil for "medical emergency" after it was confiscated, home secretary says. Read the full story
The Words That Can Signal You’re Depressed
The Wall Street JournalPeople who are experiencing depression use different words than people who are not. Read the full story
The next health care wars: Free markets vs. Medicare for All
AxiosForget the Affordable Care Act: The future of our health care system will be shaped by a much bigger and broader fight — one that will likely culminate with a 2020 choice between private markets and an authentic government-run program in the form of a Bernie Sanders-style Medicare for All. The bottom line: The cost of health care — both for individuals seeking coverage and the government seeking sustainability — promises to return as the biggest domestic issue once the Trump obsession burns off. Read the full story
USA/CANADA
Why the robust economy doesn't reflect the reality for many AmericansCBS News
From families bearing heavier child care costs to couples struggling to afford a home, people across the U.S. are straining to succeed despite the economy's gains Read the full story
Stores use plenty of tricks to get you to spend more money. Here are some of the most common.
Business InsiderStores use all kinds of tricks to get you to spend more money. Stores of all kinds use tricks to encourage shoppers to spend more money. Some of these tricks include using calming music and placing pricey items at eye level. You can become a better shopper by knowing these tricks and avoiding spending more than you plan to. Supermarkets, restaurants, department stores and boutiques all use similar techniques to get customers to spend more. Stores are all very carefully designed. Every aspect, Read the full story
IRS plans to further delay foreign currency tax rules
The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to amend the Section 987 regulations on foreign currency gains and losses, delaying the applicability date by one more year.
Why Canadians will never give up American products
When I moved to New York a decade ago, my family and friends in Canada turned me into their cross-border mule. It was never drugs, alcohol or cigarettes that I was asked to smuggle across the border to avoid paying a hefty tariff or Canada Customs duty. It was refrigerator screws, a barbecue cover, and camera and bicycle parts — items that Amazon and other online retailers in the US just don’t bother shipping north of the border because of the myriad and dizzying array of tariffs and taxes that Read the full story
EMERGING MARKETS
Puerto Rico 9 months after Hurricane Maria: Questions persist over death toll, closed schoolsNBC News
While most of the island finally has power back, hundreds of schools are set to close, and Maria’s true death toll is still a mystery. Read the full story
Their deaths were labeled 'victim of cataclysmic storm.' So why aren't their names on Puerto Rico's list?
CNNCNN reporters found 38 instances in which death records listed "cataclysmic storm" as a contributor to the deaths. At least six of those cases appear uncounted. Read the full story
What Jose Enrique Learned Feeding Puerto Rico with José Andrés
FOOD & WINEAfter the double-punch of Hurricane Irma and Maria, the San Juan got to work. Read the full story
Ford announced today that it will build a new manufacturing plant in Mexico. Construction of the new plant, located in Mexico’s San Luis Potosi State, will begin this summer and will be completed by 2018 at a cost of about $1.6 billion. The automaker says the plant will build small cars and should result in Read the full story
MIDDLE EAST
Who stands to benefit from the UAE's visa and investment rules?
CNN
The UAE opens up to foreigners in a move to attract top talent and investors. Read the full story
Basra was once a jewel of a city. Now it's a symbol what's wrong in Iraq
Los Angeles TimesThe freshwater canals that once honeycombed through the city earned it the name the Venice of the East. Read the full story
Afghan peace council to hold news conference amid Eid ceasefire
ReutersAfghanistan's High Peace Council will hold a news conference on Sunday amid an unprecedented Taliban ceasefire and a day after President Ashraf Ghani said he would extend a government ceasefire but set no timeframe. Read the full story
Russia and Saudi Arabia are getting increasingly chummy, and that may have big implications for oil
Russia and Saudi Arabia reinforced their new found partnership as OPEC is set to grapple with some thorny issues, like declines of Venezuela supply and the effect of renewed U.S. sanctions on Iran.Read more: https://www.cnbc.com/2018/06/
Afghan President Extends Ceasefire, Despite Suicide Bombing
NPRThe attack, claimed by ISIS, disrupted a historic moment when national security forces were celebrating a temporary truce between the Taliban and national security forces. Read the full story
Why North Korea is set to become the next big thing for investors
South China Morning PostTo modernise North Korea’s economy, outside aid and investment – a great deal of it – will be needed from governments, multilateral agencies and private investors. Read the full story
AFRICA
Lesotho Mulls Adopting Chinese YuanAllAfrica
LESOTHO is among 14 eastern and southern African countries that are considering the adoption of the Chinese yuan as a reserve currency to facilitate the repayment of loans being advanced by the Asian economic giant for infrastructural developments. A team of Central Bank of Lesotho (CBL) officials recently joined their eastern and southern African counterparts for a meeting on the adoption of the yuan in Harare, Zimbabwe. The Harare meeting was organised by the Macroeconomic and Financial Read the full story
LESOTHO is among 14 eastern and southern African countries that are considering the adoption of the Chinese yuan as a reserve currency to facilitate the repayment of loans being advanced by the Asian economic giant for infrastructural developments. A team of Central Bank of Lesotho (CBL) officials recently joined their eastern and southern African counterparts for a meeting on the adoption of the yuan in Harare, Zimbabwe. The Harare meeting was organised by the Macroeconomic and Financial Read the full story
Zimbabwe: Corrupt Officials to Be Arrested
AllAfrica(Photo: The Herald) The government says it will soon be taking stringent action against corrupt officials implicated in corrupt activities as their deeds are hampering the development of local content. Addressing stakeholder at the ongoing 8th Buy Zimbabwe Summit in Gweru yesterday, Minister of Industry, Commerce and Enterprise Development Mike Bimha said the government is crafting the Local Content Policy aimed at enhancing local; value addition through utilization of local resources and Read the full story
South Africa: Time for South Africa to Invest in Its YouthAllAfrica
As South Africa commemorates the role of its youth in the struggle against apartheid on 16 June, a big question is whether young people are a risk, or a benefit, to the country's growth and development. In 2016, Statistics South Africa (Stats SA) estimated the size of the country's youthful population (14 to 35 years old) to be 20.1 million, or 36% of the total population. This age group presents both opportunities and risks for South Africa in terms of its potential contribution to economic Read the full story
Gangs wielding AK47s and explosives are targeting South Africa's cash-in-transit industry - with sometimes deadly results. Read the full story
Egypt's Ministry of Oil has announced steep increases in fuel and cooking gas prices as part of the country's economic reforms and austerity measures Read the full story
Donald Trump’s envoy to Jerusalem rejects criticism of the country’s policies and insisted human rights questions should not be a factor in military aid to the country. Read the full story
Palestinian Authority President Mahmoud Abbas. The Palestinian presidency slammed the upcoming trip to the region by the White House Middle East peace team — Jared Kushner and Jason Greenblatt — on Saturday, further illustrating the deep crisis between the Trump administration and the Palestinian Authority. Why it matters: For the last 17 months, the Trump administration has been working on an Israeli-Palestinian peace plan. What's next: The drafting of the plan is mostly over and the White Read the full story
As South Africa commemorates the role of its youth in the struggle against apartheid on 16 June, a big question is whether young people are a risk, or a benefit, to the country's growth and development. In 2016, Statistics South Africa (Stats SA) estimated the size of the country's youthful population (14 to 35 years old) to be 20.1 million, or 36% of the total population. This age group presents both opportunities and risks for South Africa in terms of its potential contribution to economic Read the full story
South Africa's cash-in-transit heists: A national emergency?
BBC News USGangs wielding AK47s and explosives are targeting South Africa's cash-in-transit industry - with sometimes deadly results. Read the full story
Egypt increases fuel prices, as part of austerity measures
ABC NewsEgypt's Ministry of Oil has announced steep increases in fuel and cooking gas prices as part of the country's economic reforms and austerity measures Read the full story
Trump ambassador blocks scrutiny of Israel
POLITICODonald Trump’s envoy to Jerusalem rejects criticism of the country’s policies and insisted human rights questions should not be a factor in military aid to the country. Read the full story
"Waste of time": Palestinian leaders slam White House peace trip
AxiosPalestinian Authority President Mahmoud Abbas. The Palestinian presidency slammed the upcoming trip to the region by the White House Middle East peace team — Jared Kushner and Jason Greenblatt — on Saturday, further illustrating the deep crisis between the Trump administration and the Palestinian Authority. Why it matters: For the last 17 months, the Trump administration has been working on an Israeli-Palestinian peace plan. What's next: The drafting of the plan is mostly over and the White Read the full story
ASIA
Thousands hold peaceful protests in Vietnam against foreign investment plansReuters
Thousands of people in central Vietnam demonstrated peacefully on Sunday against government plans to lease new economic zones to foreign investors, witnesses told Reuters, a few days after protesters in a nearby province clashed with police. Read the full story
China Sends Solar Shivers With Subsidy Cuts
OZY NEWSBeijing’s new policy to cut tariffs and subsidies hits domestic and global industry. Read the full story
Here’s why trade-war fears trump the Bank of Japan when it comes to the yen
MarketWatchTrade war fears allow the haven Japanese yen to defend modest gains against the dollar, even as the Bank of Japan cements its place as the most dovish of the world’s major central banks. Read the full story
Most Americans say it’s too early to judge Singapore summit’s success; poll shows big partisan differences
The Washington PostThe results show an increased optimism since April that North Korea will eventually give up its nuclear weapons. Read the full story
South Korea, U.S. to announce suspension of major military drills this week: Yonhap
ReutersSouth Korea and the United States are expected to announce the suspension of "large-scale" military drills this week, with the provision that they would restart if North Korea failed to keep its promise to denuclearize, news agency Yonhap said on Sunday. Read the full story
Singapore Exchange to continue SGX Nifty trade despite India dispute
ReutersThe Singapore Exchange (SGX) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India's National Stock Exchange (NSE). Read the full story
Bank of Japan’s attempt at reflating the economy is getting trumped by US trade war threats
South China Morning PostSunday, 17 June 2018, 10:04:AM In his 63 months helming the Bank of Japan, Haruhiko Kuroda has run into many an obstacle: frugal consumers, testy politicians, skittish corporate executives, assertive currency traders. But the mercurial US president may trump them all. It’s not like Governor Kuroda’s historic easing programme was gaining great traction when Barack Obama was in office. Even today, inflation is, at best, halfway to Tokyo’s 2 per cent target. But 513 days of the Donald Trump Read the full story
Thai king takes control of some $30bn crown assets
BBC News USThe Crown Property Bureau transfers ownership of the royal assets after a change in the law. Read the full story
China, in response to Trump, slaps tariffs on $34B in U.S. products, from soybeans to cigars
USA TODAYBeijing imposes 25 per cent tariff on U.S. soybeans, whiskey and cigars in retaliation for U.S. duty on $34B worth of Chinese goods. Read the full story
EUROPE
Merkel seeks EU migrant talks as German coalition crisis looms: paperBusiness Insider
70 Years of Social Market Economy festivities with Chancellor Angela Merkel Thomson Reuters BERLIN (Reuters) - German Chancellor Angela Merkel, struggling to avert a crisis within her coalition on migrant policy, is trying to set up a meeting of some EU states to discuss the issue before a leaders summit on June 28-29, a German newspaper reported on Sunday. Citing government sources from representatives of several EU states, top-selling Bild reported on its website that Merkel wanted to discuss Read the full story
Italy's populist government won't permit boats carrying migrants to dock, despite EU pressure
Fox NewsItaly will continue to block rescue boats carrying migrants from docking in its ports, its interior minister announced Saturday. The decision escalates the new populist government's fight with other European countries on the thorny issue of migration and asylum, which has also spurred debate in the U.S. Read the full story
The big picture: Britain’s car industry faces an EU crisis
AxiosA parking lot of cars for sale in Britain. The British auto industry could be at risk by the end of March 2019, when the U.K. leaves the European Union. The big picture: Britain exports 45% of its cars to the rest of the EU, but with a split forthcoming and no plan in place, it's unclear how Britain is going to move one of its most valuable exports, per CNN Money. Between the lines: The Business, Energy and Industrial Strategy committee said in March that it is "unrealistic" to think new trade Read the full story
Britain's May to pledge 20-billion-pound health service cash boost: reports
ReutersBritish Prime Minister Theresa May will pledge a cash boost to the National Health Service, to be funded partly from tax hikes and partly from money that will no longer be going to the European Union after Brexit, newspapers reported on Saturday. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
Closed for Holiday
The CBI for Monday 6/18/18 did update on the indicative rates Sell Rate 1190
The currency auction is
There is one news and announcements for Monday 6/18/18
The CBI for Sunday 6/18/18 did update on the indicative rates Sell Rate 1190
Closed for Holiday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:
6-17-2018 Newshound Guru Kaperoni [...You can’t take value away from iraq and iraq be stronger and never give value back.] It was never taken away, it devalued due to sanctions if you want to call that taken away so be it. And yes, it should rise up again.
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni ...Iraq would never sell oil for $32 a barrel that's less than it costs them to get it out of the ground. ...Iraq can sell oil on the open market every day of the week for market price...The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)
Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi stresses the importance of the continued neutrality of the armed forces
The Prime Minister and Commander-in-Chief of the Armed Forces Dr. Haider Al-Abadi stressed the importance of continuing the neutrality of the armed forces and keeping them away from political differences and conflicts, And to do its work to protect citizens.
During his meeting with the security and military leaders at the headquarters of joint operations and exchanging congratulations on the occasion of Eid al-Fitr, His Excellency extended his congratulations on this feast, which is the first Eid after the liberation of the entire Iraqi territory from the terrorist gangs and achieve victory thanks to our heroes, martyrs, Indicating that we faced an existential challenge, but we came out stronger and more united.
He renewed his assertion that the weapons are in the hands of the state and that any weapon outside this framework is considered a weapon of chaos and that work is under way to limit weapons.
Dr. Haider al-Abadi said that the second battle is with corruption and the security establishment should be kept away from any manifestations of corruption and remain fair and above suspicions, stressing that the investigation is taking place in any suspicion.
He stressed the importance of the intelligence effort and its very important role during the next phase and the pursuit of terrorist cells.
Prime Minister 's Media Office
17 June 2018
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ARTICLE 2
Tweet posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 6-17-2018, around 7:20 am Eastern
As communities in Iraq come together to celebrate Eid Al-Fitr we honour the sacrifices of all Iraqis who made it possible to celebrate in peace and freedom. Together we are building a new, united and prosperous Iraq
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ARTICLE 3
The Sadrist movement declares its position on the call of Abadi
2018/6/17 20:57
[Ayna-Baghdad]
The official of the Political Bureau of the leader of the Sadrist movement, Muqtada al-Sadr, on Sunday, that the Office did not receive an official invitation from Prime Minister Haider Abadi to discuss the formation of the new government, adding that the invitation Abadi political blocs to sit on forming the government came through the media.
Zia al-Asadi said in a statement received by the agency of all Iraq [where] a copy of it, "The Alliance Suron did not receive an official invitation from Abadi to talk about the formation of the next government," noting that "the invitation of Abadi political blocs to sit after the end of Eid al-Fitr to talk about how to form a government Came through the media. "
"Such meetings should be based on official channels," al-Asadi said. "Either in writing or by phone, we can respond to them."
The official said the political bureau of the leader of the Sadrist movement that "the invitation is no more than an expression of intentions," and that "can not respond to intentions or a media call."
The Prime Minister, Haider Abadi, called on Thursday the leaders of political blocs to hold a meeting "high level" after the holiday of Eid al-Fitr.
"We are facing the challenge of preserving the country, but we are confident of passing through this difficult stage," Abadi said, adding that "despite the elections, violations of legal and constitutional methods are the only way to solve the problems and move towards forming a new parliament and a government that will emerge from it. .
He said that "to put our hands in the hands of some in order to protect the homeland and citizens and ensure the integrity of the political process and democratic gains and agree on specific mechanisms to accelerate the formation of constitutional institutions as best as possible and relying on our national decision and the interests of our country and our people."
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ARTICLE 4
Turkish army: neutralize 35 militants from workers in northern Iraq
2018/6/17 18:59
[Where - Continue]
Turkish warplanes killed 35 PKK militants in air strikes in the northern Iraqi region of Mount Qandil on Friday, the Turkish military said.
Turkish President Recep Tayyip Erdogan said on Saturday that Turkish warplanes bombed a meeting of the outlawed Kurdistan Workers' Party (PKK) in Qandil region, adding that he believed that leading elements had been hit.
The Turkish army did not specify in a statement issued on Sunday and published via Twitter whether the air strikes he referred to are the same strikes that Erdogan spoke on Saturday.
The Turkish army has stepped up air strikes in northern Iraq targeting PKK bases in Kandil, close to the Iraqi-Iranian border, where Ankara suspects leaders of the militant group there.
Turkey, the United States and the European Union classify the PKK as a terrorist organization, and the PKK has been waging a decades-long insurgency against the state in southeastern Turkey.
Ankara has recently stepped up its threat of a ground offensive in the Qandil mountains, and Erdogan vowed to eliminate "terrorists" in Kandil.
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ARTICLE 5
The five most mysterious military bases in the world!
2018/6/17 12:19
[Ayna-Follow]
A Russian agency on Sunday revealed the real work of the five most obscure military bases in the world.
"Silently hidden missile silos, command centers, secret laboratories and underground caches, the globe covers a whole network of apparently unclear military facilities, which can nevertheless greatly affect the course of combat operations, wrote written books about them, they shoot films," Novosti said. Wonderful, computer games dedicated to them; but no one knows what is actually going on there. "
[Area 51]
The legendary US air force base of 51 Nevada desert regions has repeatedly surfaced in science fiction, including the study of alien technology, the creation of "flying saucers" and the cultivation of combat viruses that can destroy all mankind, and genetic experiments. The conspiracy theories forced the Pentagon to Some details are difficult to detect.
According to official data, pilot aircraft are being developed in Area 51 and weapons systems, and these aircraft are known to be tested as high as Lockheed U2, A-12 and SR-71, as well as the "stealth" F-117 Owl unusual triangular shape From the fuselage, even the passers-by can steer a ghost ride over the desert on the idea of experiments with UFOs.
Currently engaged in the region's 51 super-secret strategic scout sub-stealth SR-91 Aurora Aurora, according to US media reports, the aircraft can reach the speed of 20 000 kilometers per hour, but the Department of Defense did not confirm anything.
[Guantanamo Bay]
The US naval base at Guantánamo Bay has had more than 100 years in Cuba. Its area is about 117 square kilometers. The port of Al Qaeda accommodates up to 50 large vessels, up to aircraft carriers. On the ground, more than 1,500 residential and residential buildings, a mechanical port, ship repair shops, a floating pier, food depots, ammunition, fuel and lubricants. The base unit is about 10,000 military personnel. Especially for them they built a small town with all amenities.
But al-Qaeda has earned its reputation for not being known because of a named prison on its territory. Since 2002, Americans have held a total of more than a thousand people here without trial and investigation. The press has repeatedly received rumors of the regime here, and terror suspects have been tortured, kept asleep and kept in hunger quacks, Out. In 2009, US President Barack Obama signed a decree to close the prison; but it still works today, according to international human rights organizations, it has about 40 prisoners.
(Yulin]
Recently learned the large Chinese naval base in Yulin on the coast of Hainan Island. In 2008, US intelligence agencies published photographs showing that the PLA had built a huge facility in the mountain range of the naval component of its nuclear deterrent force. According to satellite images, up to 20 submarines can be built with intercontinental ballistic missiles in Yulin. Nearby berths will accommodate the two strike groups.
This rule, created in secret and in a short time, is very important to China's defense capabilities. Where underwater missile carriers are hiding in their caves to survive and deliver a powerful nuclear strike, undetectable to go to the sea and attack the enemy. It is still unclear how many ports contain a base. Its internal structure is also unknown. More importantly, there is no information on whether China has such rules.
[Mount Cheyenne]
The heart of the US national security, which is three kilometers in the vicinity of the city of Colorado Springs and the permanent headquarters of the underground complex NORAD, and hiding within it the joint command of air defense and space for North America. This structure unifies air defense systems and missile defense in the United States and Canada in one unit in case of nuclear war where they will lead from the bunker at Mount Cheyenne troops.
[Olavsvern]
The Norwegian naval base Olafzvorn was built during the Cold War, 15 km south of Tromso, at the intersection of the Straits of Ramporden and Platfjord. Constructively it is a dry dock under water with direct access to the sea. The total area of the base is approximately 25,000 square meters, and its allies have been engaged in Norway's NATO allies. During the Cold War, the complex was used primarily by US submarines patrolling the Arctic Ocean. Their mission was to monitor Soviet missile carriers.
After the collapse of the USSR, the base was inoperable for a long time, and in 2011 it was put up for sale. As a result, Olavsvern was purchased by businessman Gunnar Wilhelmsen and leased to the Russian research vessel base. This situation remains to this day.
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ARTICLE 6
Study: Waking up several times a night may cause sudden death of infants
2018/6/16 17:22
[Ayna-Follow]
A study conducted by a team of French researchers at the University of [Descartes] French, that high temperatures can be responsible for the sudden death of some infants, where they wake up during sleep several times.
The study showed that waking up for about ten seconds every five minutes, which is linked to the electrical activity of nerve cells and associated with active cells to sleep, which makes them wake up quickly and go back to sleep again.
The researchers conducted their experiments on the larvae of the planned fish, having the same sleep cycle in humans, changing the water temperature and noting a 50% reduction in the number of waking hours. When the temperature is 25 ° C to 34 ° C, Electrophysiological.
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