listen to the TNT Call from yesterday BlogTalkRadio/rayren98
WOTS Tuesday 6/19/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,162.5000 | 1,162.5000 | 1,162.5000 | | 20:00 |
| USD/VND | | | 22,886.0000 | 22,460.0000 | 22,460.0000 | | 04:15 |
| USD/CNY | | | 6.5774 | 6.5253 | 6.5300 | | 06:05 |
| USD/KWD | | | 0.3020 | 0.3013 | 0.3020 | | 06:05 |
| GBP/USD | | | 1.3292 | 1.3210 | 1.3278 | | 06:05 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,213.5000 | 14,127.3000 | 14,148.0000 | | 06:05 |
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DC NY Iraq Articles:dd
KRG, Dutch High Level Delegation Discuss Bilateral Ties
ERBIL - Kurdistan Region PM Nechrivan Barzani welcomed on Monday the Dutch ambassador to Iraq H.E. Matthijs Wolters, and Consul General in Erbil, Janet Alberda to discuss bilateral ties between the sides and a number of related issues.
During the meeting, where the Dutch Minister for Foreign Trade and Development Cooperation of Holland, Sigrid A. M. Kaag, and Director of Middle East & North Africa for the Ministry of Foreign Affairs, Birgitta Tazelaar, were also present, the Dutch delegation hailed Kurdistan Region and its people for hosting nearly 1.8 million Syrian refugees and Iraqi IDPs.
The Kurdish premier, in return thanked the Dutch delegates for their country's military and humanitarian assistance to the Kurdistan Region during the fight against the Islamic State (IS), hoping that the European country will continue to support the region, especially in the areas of economy and agriculture as it may have more experience in such issues.
Apart from talks on the post-Iraqi parliamentary election political developments, both sides hailed the historic relation between the region and the Netherlands
Re-opening Baghdad-Kirkuk road after being cut by demonstrators
Diyala / Al-Ghad Press:
A local source in the province of Diyala, on Tuesday, reopened the road to Baghdad - Kirkuk, north of Diyala, after being cut by demonstrators in protest against the deterioration of the reality of power supply.
The Baghdad-Kirkuk road was reopened in front of the movement of trucks and vehicles after being cut by demonstrators near the district of Khalis, north of Diyala, to protest the power outage of the judiciary and the areas of the province for long hours," the source said.
A local source in the province of Diyala, on Tuesday, reopened the road to Baghdad - Kirkuk, north of Diyala, after being cut by demonstrators in protest against the deterioration of the reality of power supply.
The Baghdad-Kirkuk road was reopened in front of the movement of trucks and vehicles after being cut by demonstrators near the district of Khalis, north of Diyala, to protest the power outage of the judiciary and the areas of the province for long hours," the source said.
He added that "the opening of the road came after the protesters received promises to improve electricity and return it scheduled to the areas of justice and the province."
The Baghdad-Kirkuk strategic road was cut off on Monday evening by demonstrators protesting the reality of electricity.
The Baghdad-Kirkuk strategic road was cut off on Monday evening by demonstrators protesting the reality of electricity.
Offers from the Egyptian government for partnership in development projects in Iraq
26/06/2018 Roudao - Erbil
During his visit to Egypt, Iraqi Vice President Iyad Allawi met with senior officials, headed by Egyptian President Abdel Fattah Al Sisi and Prime Minister Mustapha Medbouli.
During his visit to Egypt, Iraqi Vice President Iyad Allawi met with senior officials, headed by Egyptian President Abdel Fattah Al Sisi and Prime Minister Mustapha Medbouli.
The Egyptian media reported that during the meeting, which gathered Allawi and Medbouli, the latter stressed the "readiness of his country to provide necessary support for the efforts of the Iraqi government through partnership between Egyptian and Iraqi companies in development projects in Iraq to achieve mutual benefit and exchange of experiences in various fields."
Medbouli pointed out that "Egypt is keen to participate in the Kuwait Conference for the reconstruction of Iraq in early 2018," stressing the importance of starting practical steps to maximize cooperation between the two countries and contribute to infrastructure projects in Iraq.
The Egyptian Prime Minister stressed that "the need to result in Allawi's visit to develop a roadmap for economic cooperation between the two countries," according to a statement of the Council of Ministers.
The statement added that "a number of partnerships between the Egyptian companies and the Iraqi government in some oil and gas extraction projects in Iraq, such as a contract to develop gas production service in the field of Ciba, as well as in the area of Sector 9 in southeastern Iraq."
The office of Iyad Allawi, in a statement, that "Vice President of the Republic, Iyad Allawi, met today in Cairo, Egyptian President Abdel Fattah al-Sisi, during his visit to Egypt."
Medbouli pointed out that "Egypt is keen to participate in the Kuwait Conference for the reconstruction of Iraq in early 2018," stressing the importance of starting practical steps to maximize cooperation between the two countries and contribute to infrastructure projects in Iraq.
The Egyptian Prime Minister stressed that "the need to result in Allawi's visit to develop a roadmap for economic cooperation between the two countries," according to a statement of the Council of Ministers.
The statement added that "a number of partnerships between the Egyptian companies and the Iraqi government in some oil and gas extraction projects in Iraq, such as a contract to develop gas production service in the field of Ciba, as well as in the area of Sector 9 in southeastern Iraq."
The office of Iyad Allawi, in a statement, that "Vice President of the Republic, Iyad Allawi, met today in Cairo, Egyptian President Abdel Fattah al-Sisi, during his visit to Egypt."
Iraq .. Conflicting news about the release of the six abductees from the grip of "Dahesh"
Iraqi media reported that the security forces were able to free the six abductees and that they were on their way to their families, but the Joint Operations Command later called for "accurate information to be transmitted and rumors of their release released in order to save their lives."
Activists launched on social networking sites Hashtag "saved a door" and published through it claims to the Iraqi government to intervene and rescue the abductees.
The campaign followed the publication of photographs of the children of the abductors raising their parents' pictures, under which they wrote "Save a door".
It is noteworthy that Prime Minister Haider Abadi met with the leaders of security and intelligence services on Sunday, and directed his recommendations and orders to form a special force to secure roads and protect passengers. A statement of the Prime Minister that "the security and military authorities are following the abduction issue first hand."
The Iraqi security forces launched a series of arrests after the abduction of six of its employees, after the organization published a videotape, in which the six men identify themselves as members of the Iraqi police and the popular crowd.
The men were abducted on a highway linking Baghdad to northern Iraq, which has seen an upsurge in insurgent attacks in recent weeks.
Kauaihn Iraq Articles:dd
Iraq needs international organizations' support for stabilization process
Baghdad / Al-Ghad Press:
The Secretary-General of the Council of Ministers Mahdi Al-Alaq said Tuesday that Iraq needs to support international alliances and organizations for the stabilization process, which will have a positive impact on the return of the displaced. The Secretary-General of the Council of Ministers Mahdi Al-Alak, received this morning in his office in Baghdad, the President of Norway's Norif Center for the resolution of international disputes Henrik Kuthon." He added that "the relations reviewed during the meeting reconciliation programs, which the Iraqi government is keen to implement in the coming days in the rest of the liberated provinces of the control of a supporter, after the success of the reconciliation conference held in Bartala last April."
Al-Alaq said that "teams formed in Mosul to follow up on the decisions set by the conference, and that an official delegation from Baghdad will visit Mosul in the coming days to activate the procedures." He pointed out that "Iraq today needs to support international alliances and organizations to the stabilization process, which will continue until the end of 2019, and to provide basic service projects for liberated areas, which will affect positively the return of the rest of the displaced."
The Secretary-General of the Council of Ministers Mahdi Al-Alaq said Tuesday that Iraq needs to support international alliances and organizations for the stabilization process, which will have a positive impact on the return of the displaced. The Secretary-General of the Council of Ministers Mahdi Al-Alak, received this morning in his office in Baghdad, the President of Norway's Norif Center for the resolution of international disputes Henrik Kuthon." He added that "the relations reviewed during the meeting reconciliation programs, which the Iraqi government is keen to implement in the coming days in the rest of the liberated provinces of the control of a supporter, after the success of the reconciliation conference held in Bartala last April."
Al-Alaq said that "teams formed in Mosul to follow up on the decisions set by the conference, and that an official delegation from Baghdad will visit Mosul in the coming days to activate the procedures." He pointed out that "Iraq today needs to support international alliances and organizations to the stabilization process, which will continue until the end of 2019, and to provide basic service projects for liberated areas, which will affect positively the return of the rest of the displaced."
For his part, Quthoun said that "Norif Foundation plans to hold a conference in the coming months, in which the relevant Iraqi community figures will participate to discuss priorities and agree on ways of coordination on issues of reconciliation between communities in liberated areas, humanitarian assistance programs and reconstruction, The Norwegian side and the Iraqi side, especially in Mosul.
UN chief: JCPOA valuable part of peace, security
http://www.irna.ir/en/News/
New York, June 26, IRNA - UN Secretary-General Antonio Guterres hailed Iran nuclear deal as valuable part of peace and security, saying that it is important to save the Joint Comprehensive Plan of Action (JCPOA
Addressing a meeting of the United Nations Security Council themed ‘Security in Middle East and North Africa’ on Monday, he warned about threats of instability around Persian Gulf, saying, “That’s for the same reason that I support mediatory efforts of Kuwait to overcome differences among Arab states in the region.”
“The JCPOA should remain as a valuable section of peace and security, irrespective of the discussions that are being made about Iran’s role in the region,” he said.
On the region as a whole, Guterres recalled that Cold War rivals still found ways to talk to each other and cooperate, indicating that countries in the Middle East and North Africa could pursue a similar path.
He also urged Council members to find “much-needed consensus and to act with one strong voice”, adding that regional organizations can also contribute to efforts towards preventive diplomacy, mediation and confidence-building.
New York, June 26, IRNA - UN Secretary-General Antonio Guterres hailed Iran nuclear deal as valuable part of peace and security, saying that it is important to save the Joint Comprehensive Plan of Action (JCPOA
Addressing a meeting of the United Nations Security Council themed ‘Security in Middle East and North Africa’ on Monday, he warned about threats of instability around Persian Gulf, saying, “That’s for the same reason that I support mediatory efforts of Kuwait to overcome differences among Arab states in the region.”
“The JCPOA should remain as a valuable section of peace and security, irrespective of the discussions that are being made about Iran’s role in the region,” he said.
On the region as a whole, Guterres recalled that Cold War rivals still found ways to talk to each other and cooperate, indicating that countries in the Middle East and North Africa could pursue a similar path.
He also urged Council members to find “much-needed consensus and to act with one strong voice”, adding that regional organizations can also contribute to efforts towards preventive diplomacy, mediation and confidence-building.
A strike in Tehran to protest against the deterioration of the currency
26-06-2018 10:46 AM
The devaluation of the Iranian riyal has caused economic fears after the United States announced its withdrawal from the nuclear deal with a rare strike in Tehran.
The strike came after a brief confrontation broke out on Monday afternoon between dozens of young men and security forces in the center of the capital. Where video clips appeared on social networking sites showing apparently other clashes between protesters and police officers in Tehran.
Amid dissatisfaction with the economic situation, the bazaar merchants in Tehran were a rare step in protest against the continuing deterioration in the value of the national currency. The Iranian capital has witnessed clashes between security forces and demonstrators resentful of the deteriorating economic conditions.
The riyal lost about 50% of its value in six months and the dollar exchange rate reached 85,000 riyals in the parallel market.
Iran Gov’t to Levy Taxes on Forex, Gold Dealers
https://financialtribune.com/
Tuesday, June 26, 2018
Iran National Tax Administration has announced details of the government’s initiative to levy taxes on people purchasing high amounts of foreign currencies and gold coins as investments, signaling the serious drive to discourage the public from changing their rials to earn windfall profits.
“Whoever purchases or sells foreign currencies to an amount equal to or higher than $5,000 will have their information registered in the country’s comprehensive information system,” Seyyed Kamel Taqavinejad was also quoted as saying by IBENA.
The official noted that INTA will review their information and if they already have a tax file, it will be scrutinized and if not, a file will be opened for them.
C hina-led Asian Infrastructure Investment Bank said Monday it will invest in or lend $3.5 billion this year to India, Bangladesh, Turkey and Egypt for projects aimed at strategically connecting Asia and Africa.Since its launch in 2016, AIIB has approved around $4.4 billion in loans. The body, which comprises 86 member-countries, revealed the new plan at the start of its two-day annual meeting in Mumbai, India, on Monday. India is AIIB’s second largest shareholder after China, Nikkei reported.
Tuesday, June 26, 2018
Iran National Tax Administration has announced details of the government’s initiative to levy taxes on people purchasing high amounts of foreign currencies and gold coins as investments, signaling the serious drive to discourage the public from changing their rials to earn windfall profits.
“Whoever purchases or sells foreign currencies to an amount equal to or higher than $5,000 will have their information registered in the country’s comprehensive information system,” Seyyed Kamel Taqavinejad was also quoted as saying by IBENA.
The official noted that INTA will review their information and if they already have a tax file, it will be scrutinized and if not, a file will be opened for them.
AIIB to Expand Spending
Tuesday, June 26, 2018
AIIB says it has enough capital to back the projects and does not need fresh funding. The bank has $20 billion in cash and $80 billion worth of guarantees from member countries
“India is the largest borrower, we are working in Bangladesh, Turkey ... Country is not a limitation,” said AIIB Vice President and Chief Investment Officer D.J. Pandian, adding that the decision still needs approval by the bank’s board of directors.India has already borrowed $1.21 billion from AIIB. On Sunday, Indian Economic Affairs Secretary Subhash Chandra Garg, told reporters India has sought project financing of around $2.40 billion from the bank. Of that, $200 million will be invested in India’s National Investment and Infrastructure Fund, which funds commercially viable infrastructure projects.
Six projects in India have been approved by the AIIB, while another six are in the pipeline. The new projects include a Mumbai subway line, irrigation and flood management projects in West Bengal, and rural roads and city development for Amravati, the new state capital of Telangana in the south. Bangladesh has proposed a water supply and sanitation project while Turkey has sought funds for a gas storage expansion project in the middle of the country.
Enough Capital Available
AIIB said it has enough capital to back the projects and does not need fresh funding. Pandian said that the bank has $20 billion in cash and $80 billion worth of guarantees from member countries.Pandian also stressed that AIIB, which has faced questions about Chinese influence on its decision-making, is “an apolitical organization”. Some have said that Beijing-based AIIB had hoped to change the idea that it’s an arm of the Chinese government by holding the annual meeting in India, China’s biggest regional rival.
Speaking at a separate session, AIIB President Jin Liqun said the bank’s vision is to collaborate closely with all governments that it works for, especially on behalf of private sector companies that are working on infrastructure projects.“We try to give you feedback ... I hope the government will be listening to and do something practical to help them (private players) out. I think in this regard the private sector will be willing to pour in money,” he said.
$4.5t Infra Investment, a Challenge
Creating infrastructure will need $4.5 trillion investments over the next decade and the cost of the money will be a challenge, India’s interim finance minister Piyush Goyal said.The minister, however, said finding the required finance will not be a “deterrence” for the country. “Infrastructure creation requires $4.5 trillion in investments over the next 10 years, Goyal said at a panel of governors at the summit.He further said the required funds will be available and raising it will not be a “deterrence” for infra creation. However, in the comments that come amid rising interest rates globally, led by hardening of rates in the US, as also domestically, Goyal flagged the cost of finance as an “important challenge”.Capacity building to handle big infra projects is also a challenge, he added and hoped that the multilateral institutions like the AIIB will help in both the challenges.However, Singaporean lender DBS chief executive Piyush Gupta said finding finance for infrastructure is not easy as banks, which have traditionally financed infra, have a limited capacity, making bond markets the go to platform for raising the resources.But the bond markets too have their own challenges in supporting greenfield projects and tend to keep away in the initial years, which is critical for a project, Gupta pointed out.
Co-Financing
Co-financing with the World Bank and other peers accounts for two-thirds of the AIIB’s 25 approved projects so far, worth $4.4 billion in total. Its lending has grown in line with expectations, rising to $2.5 billion last year from $1.7 billion in 2016.Contrary to some predictions, the list of AIIB loan recipients has not been skewed toward countries that enjoy close relations with China, such as Pakistan. Besides India, Indonesia, the Philippines and Central Asian and Middle Eastern nations are also among the names.Its membership has grown steadily, with Kenya and Papua New Guinea joining in May, bringing the total to 86. France, Italy, Germany and Britain have been members since the outset. Of the Group of Seven leading industrialized economies, only Japan and the US do not belong to the AIIB.
Six projects in India have been approved by the AIIB, while another six are in the pipeline. The new projects include a Mumbai subway line, irrigation and flood management projects in West Bengal, and rural roads and city development for Amravati, the new state capital of Telangana in the south. Bangladesh has proposed a water supply and sanitation project while Turkey has sought funds for a gas storage expansion project in the middle of the country.
Enough Capital Available
AIIB said it has enough capital to back the projects and does not need fresh funding. Pandian said that the bank has $20 billion in cash and $80 billion worth of guarantees from member countries.Pandian also stressed that AIIB, which has faced questions about Chinese influence on its decision-making, is “an apolitical organization”. Some have said that Beijing-based AIIB had hoped to change the idea that it’s an arm of the Chinese government by holding the annual meeting in India, China’s biggest regional rival.
Speaking at a separate session, AIIB President Jin Liqun said the bank’s vision is to collaborate closely with all governments that it works for, especially on behalf of private sector companies that are working on infrastructure projects.“We try to give you feedback ... I hope the government will be listening to and do something practical to help them (private players) out. I think in this regard the private sector will be willing to pour in money,” he said.
$4.5t Infra Investment, a Challenge
Creating infrastructure will need $4.5 trillion investments over the next decade and the cost of the money will be a challenge, India’s interim finance minister Piyush Goyal said.The minister, however, said finding the required finance will not be a “deterrence” for the country. “Infrastructure creation requires $4.5 trillion in investments over the next 10 years, Goyal said at a panel of governors at the summit.He further said the required funds will be available and raising it will not be a “deterrence” for infra creation. However, in the comments that come amid rising interest rates globally, led by hardening of rates in the US, as also domestically, Goyal flagged the cost of finance as an “important challenge”.Capacity building to handle big infra projects is also a challenge, he added and hoped that the multilateral institutions like the AIIB will help in both the challenges.However, Singaporean lender DBS chief executive Piyush Gupta said finding finance for infrastructure is not easy as banks, which have traditionally financed infra, have a limited capacity, making bond markets the go to platform for raising the resources.But the bond markets too have their own challenges in supporting greenfield projects and tend to keep away in the initial years, which is critical for a project, Gupta pointed out.
Co-Financing
Co-financing with the World Bank and other peers accounts for two-thirds of the AIIB’s 25 approved projects so far, worth $4.4 billion in total. Its lending has grown in line with expectations, rising to $2.5 billion last year from $1.7 billion in 2016.Contrary to some predictions, the list of AIIB loan recipients has not been skewed toward countries that enjoy close relations with China, such as Pakistan. Besides India, Indonesia, the Philippines and Central Asian and Middle Eastern nations are also among the names.Its membership has grown steadily, with Kenya and Papua New Guinea joining in May, bringing the total to 86. France, Italy, Germany and Britain have been members since the outset. Of the Group of Seven leading industrialized economies, only Japan and the US do not belong to the AIIB.
Blockchain Technology Can Make Same Impact as Internet
https://financialtribune.com/
Tuesday, June 26, 2018
The head of Switzerland’s Department of Economic Affairs believes that blockchain technology will make a global impact on the same scale as the internet.Johann N. Schneider-Ammann indicated that over the past few years Switzerland had evolved into a leader in blockchain technology and that he intends to provide continuing support for the sector and companies that operate within it, Cryptodisrupt reported.
During a speech at the Crypto Valley Conference in Zug, Ammann said: “Switzerland is a global leader in terms of this new technology and its economic application. We would do well to continue at pace, instead of laying the right tracks after the moment has passed. History is littered with examples of what happens when the train speeds off in a different direction.”Ammann pointed out that although the birth of the Worldwide Web occurred in Geneva, the lion’s share of the development work was done elsewhere due to “impractical policies and insufficient developments.”
No stranger to criticism for his openly optimistic stance on cryptocurrency and blockchain, Ammann commented–“In January, I said that if the experiences in Zug were positive, then in a few years’ time the whole of Switzerland should be a crypto or blockchain nation. That won me plaudits, but also a fair amount of criticism. But I think: there is no reason for the latter.“The fact that Switzerland is today a global leader in high-tech industries and in pharmaceuticals is seen as normal. It is easy to forget that these sectors too once started out with previously unknown technologies and services like blockchain is doing today.”
The importance of blockchain projects realizing their long-term visions and commercializing the technology is not lost on Ammann, although he recognizes that this won’t be accomplished overnight.No one really knows if some of the rather hopeful growth forecasts for blockchain-based services and products will actually materialize. But hardly anyone still doubts that blockchain will penetrate our entire economy. What is clear is that we currently know far too little about the new technologies, their potential and their risks.”
For years Zug has been recognized as the blockchain capital of the world due to its friendly regulations, and Ammann’s speech confirms that this will continue to be the case.
Tuesday, June 26, 2018
The head of Switzerland’s Department of Economic Affairs believes that blockchain technology will make a global impact on the same scale as the internet.Johann N. Schneider-Ammann indicated that over the past few years Switzerland had evolved into a leader in blockchain technology and that he intends to provide continuing support for the sector and companies that operate within it, Cryptodisrupt reported.
During a speech at the Crypto Valley Conference in Zug, Ammann said: “Switzerland is a global leader in terms of this new technology and its economic application. We would do well to continue at pace, instead of laying the right tracks after the moment has passed. History is littered with examples of what happens when the train speeds off in a different direction.”Ammann pointed out that although the birth of the Worldwide Web occurred in Geneva, the lion’s share of the development work was done elsewhere due to “impractical policies and insufficient developments.”
No stranger to criticism for his openly optimistic stance on cryptocurrency and blockchain, Ammann commented–“In January, I said that if the experiences in Zug were positive, then in a few years’ time the whole of Switzerland should be a crypto or blockchain nation. That won me plaudits, but also a fair amount of criticism. But I think: there is no reason for the latter.“The fact that Switzerland is today a global leader in high-tech industries and in pharmaceuticals is seen as normal. It is easy to forget that these sectors too once started out with previously unknown technologies and services like blockchain is doing today.”
The importance of blockchain projects realizing their long-term visions and commercializing the technology is not lost on Ammann, although he recognizes that this won’t be accomplished overnight.No one really knows if some of the rather hopeful growth forecasts for blockchain-based services and products will actually materialize. But hardly anyone still doubts that blockchain will penetrate our entire economy. What is clear is that we currently know far too little about the new technologies, their potential and their risks.”
For years Zug has been recognized as the blockchain capital of the world due to its friendly regulations, and Ammann’s speech confirms that this will continue to be the case.
Aramco Eyes Indian Energy Sector
https://financialtribune.com/
Tuesday June 26, 2018
Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said in New Delhi on Monday. The company did not spell out the plan’s specifics, but indicated that fuel marketing is one of them, Reuters reported. The firm is looking at “all options” to enter fuel retailing through partnerships with Indian oil companies, Nasser said. Aramco and UAE’s Abu Dhabi National Oil Company signed a deal on Monday, which allows the latter to partner in the 1.2-million-barrel crude oil refinery proposed in Western India. India, the world’s third biggest oil importer and consumer, aims to expand its refining capacity by 77% to 8.8 million barrel per day by 2030.
Tuesday June 26, 2018
Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said in New Delhi on Monday. The company did not spell out the plan’s specifics, but indicated that fuel marketing is one of them, Reuters reported. The firm is looking at “all options” to enter fuel retailing through partnerships with Indian oil companies, Nasser said. Aramco and UAE’s Abu Dhabi National Oil Company signed a deal on Monday, which allows the latter to partner in the 1.2-million-barrel crude oil refinery proposed in Western India. India, the world’s third biggest oil importer and consumer, aims to expand its refining capacity by 77% to 8.8 million barrel per day by 2030.
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Today in HistoryMy San Antonio
Today in History Today is Monday, June 25, the 176th day of 2018. There are 189 days left in the year. Today's Highlight in History: On June 25, 1868, Congress passed an Omnibus Act allowing for the readmission of Florida, Alabama, Louisiana, Georgia, North Carolina and South Carolina to the Union. Read the full story
As the trade fears persist more investors and analysts are wondering how the US action on trade with its global partners will impact the economy. There are three measures of the economy and stock market that Tom feels everyone should be watching for warnings of a bear market and a recession. Read the full story
Einstein's theory of general relativity is rather important when it's crucial ... Read the full story
Read more: https://www.cnbc.com/2018/06/
Gold climbs as dollar weakens on global trade concerns
U.S. gold futures for August delivery traded higher at $1,273.60 per ounce.
Read more: https://www.cnbc.com/2018/06/
Here is a look at the recent action on the price chart of gold and of the price charts of select gold mining stocks. Read the full story
Oil Prices Mixed As Traders Digest Details Of OPEC's Output Deal
Investing.com
© Reuters. Oil prices mixed Read the full story
Brent drops by 2 percent as traders expect output rise after OPEC deal
The decline followed an expected output increased that was agreed by oil producers at OPEC's headquarters in Vienna
Read more: https://www.cnbc.com/2018/06/
How Commerzbank Is Throwing Out the Business Blockchain PlaybookCoinDesk
The German bank is building on five different blockchains, and not just to hedge its bets – it sees a multi-chain future. Read the full story
How much money do you have in your checking account? How much debt do you have? Why? Here's why the amount of cash in your checking account matters, and what this amount might imply about you. The average consumer checking account balance has increased in 23 of the past 30 quarters, according to new research... Read the full story
The volatile nature of the cryptocurrency market is the largest threat that keeps a majority of investors away from the industry, and many businesses from wide adoption of blockchain. The Smartlands Platform solves this challenge by... Read the full story
Mumbai-based payments gateway BillDesk may soon raise $250 Mn in a fresh funding round from digital payments network Visa, at a valuation of $1.5-2 Bn. According to the reports, the deal is in the final stages of completion, and it’s the valuation which is being negotiated. The funding is a mix of primary and secondary... Read the full story
Read more: https://www.cnbc.com/2018/06/
Top news and what to watch in the markets on Monday, June 25, 2018. Read the full story
Economic Indicators Jun 25, 2018 09:09 GMT Investing.com - This week the economic calendar will include the Fed’s preferred inflation measure, the core PCE price index on Friday along with the third reading on first quarter U.S. GDP on Thursday, as well as data on durable goods orders and consumer sentiment The week will also see a smattering of U.S. earnings, including from Carnival (LON:CCL), Lennar (NYSE:LEN), Bed, Bath & Beyond, Nike (NYSE:NKE), General Mills (NYSE:GIS) and ConAgra Brands Read the full story
© Reuters. Top 5 things to know today in financial markets Read the full story
Investors may think that with a central bank on a firm tightening path, industry deregulation efforts in play and high expectations for banks’ growth heading into this year, banks and other financial firms would be thriving. But they’re badly lagging the market, and fund flows paint an ugly picture. Read the full story
Bitcoin's Defense of $6K Raises Odds of Relief Rally
CoinDesk
Bitcoin could trade on a positive note for the rest of the week, if prices close today above Sunday's high of $6,250. Read the full story
Ethereum, the world's second largest cryptocurrency by market capitalization, dropped to a 74-day low below $430 Sunday. Read the full story
Bitcoin continues its downward trend of lower highs and lower lows as it breaks below $6,000. Read the full story
Bitcoin dipped as low as $5,787 Sunday afternoon, marking the cryptocurrency’s lowest price so far in 2018. Bitcoin’s low had previously been set at $5,947 on February 6th, according to Coindesk’s price index, in the midst of a sharp dip. But the current bear trend, a slower grind driven by global regulatory scrutiny, allegations of market manipulation, and battered investor sentiment, may prove more sustained — despite a bounce that followed the new low. Sunday’s low marked a more than 70% Read the full story
Bitcoin prices just reached their latest 2018 low. Does the crypto have further losses in store? Read the full story
Buoyant euro keeps dollar off 11-month highs, trade issues in focus
The euro was lifted after Friday's upbeat German and French business activity data and fresh assurances by Italian politicians that their nation would not leave the single currency.
Read more: https://www.cnbc.com/2018/06/
© Reuters. Yen gains as trade tensions flare up Read the full story
Analysts see it slipping further as the China-US trade dispute shows no signs of easing and the central bank signals it will let the currency weaken more Read the full story
Some common warning signs of suicide
CNN
CNN's Anderson Cooper spoke with Dr. Christine Moutier about the warning signs of suicide. If you or someone you know needs help, call the national suicide hotline: 1-800-273-TALK. Read the full story
Opioid overdoses continue to increase, but a new study finds that risk of overdose in the first three months of using the drugs is especially high when also taking another commonly prescribed medication. Read the full story
In order to study the brains of Neanderthals, researchers have mostly relied on analyzing fossilized skulls to infer what they may have contained. But according to geneticist Alysson Muotri, Ph.D., a new technique is emerging among his team of researchers at University of California, San Diego: growing Neanderthal minibrains. Read the full story
Since there are quite a few misconceptions about sociopathy, one being that it can be mistaken for charisma, it's always a good idea to be able to tell the difference between genuine friendliness —and someone who has that "it" factor — and someone wh… Read the full story
In Texas, Trump's steel tariff stirs uncertainty and concernABC News
The Art of the Steel: How steel pipe manufacturers and steelworkers in Texas are grappling with Trump's tariff on the metal Read the full story
Does fair trade or free trade put more money in Americans' pockets? Dr. Mark Perry has insight on 'Life, Liberty & Levin.' Read the full story
President Donald Trump plans to bar many Chinese companies from investing in U.S. technology companies and block additional technology exports to China, The Wall Street Journal reported. Read the full story
After an internal debate, the administration appears to have settled on more aggressive restrictions. Read the full story
President Donald Trump issued a stark warning to the United States' trading partners on Sunday, calling on global economies to end to all protectionist barriers. Read the full story
A proposal to split California into three states will appear on the November ballot. But supporters will need to convince voters in the Imperial and Coachella valleys that the proposal is more than an out-there idea from an eccentric billionaire. Read the full story
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose. The pace of home-price growth actually slowed, according to Attom. Housing in the US has not been this unaffordable since property values were in free fall 10 Read the full story
Fresh off a meeting with North Korean leader Kim Jong Un that saw history-making images plastered on screens around the globe, President Trump is zeroing on another headline-making summit — one with Russian President Vlad Read the full story
President Donald Trump's savaging of Canadian Prime Minister Justin Trudeau ... Read the full story
In Texas, Trump's steel tariff stirs uncertainty and concernABC News
The Art of the Steel: How steel pipe manufacturers and steelworkers in Texas are grappling with Trump's tariff on the metal Read the full story
Venezuela's President Nicolas Maduro arrives to a military parade to celebrate the 197th anniversary of the Battle of Carabobo, next to his wife Cilia Flores, in Campo de Carabobo Thomson Reuters LUXEMBOURG (Reuters) - The European Union will impose economic sanctions on 11 Venezuelan officials in protest at President Nicolas Maduro's re-election, which the bloc said was not free or fair, EU diplomats said. The travel bans and asset freezes, first reported by Reuters in May, will be in addition Read the full story
PSUV continues to destroy the economy. Wall Street should give up waiting for regime change in Venezuela. Read the full story
The National Development and Reform Commission and China Construction Bank are targeting sectors including new materials, biotechnology and new-energy vehicles Read the full story
Erdogan wins more power, and it might not help Turkey's economy
On already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry winner of Sunday’s elections — President Recep Tayyip Erdogan — will do next.
Read more: https://www.cnbc.com/2018/06/
Iraq's Popular Mobilisation Forces, an umbrella grouping of mostly Iran-backed Shi'ite militias, said on Sunday it would not remain silent over an alleged U.S. air strike it said killed 22 of its members across the border in Syria last week. Read the full story
President Trump’s son-in-law and senior advisor said in an interview published Sunday that the administration will release a Mideast peace plan Read the full story
Luisa Tam says the lifting of restrictions on women getting behind the wheel in the Middle Eastern nation is only a small step to address a large problem, and while it is easy to point the finger overseas, Hongkongers themselves have a long way to go to achieve true equality between the sexes Read the full story
It is an area of the globe that cannot escape its history, a history in which Britain has played a major part Read the full story
Asia trades mixed as global trade tensions simmer
President Donald Trump doubled down on his rhetoric, warning countries about further retaliatory measures if they did not lower existing trade barriers.
Read more: https://www.cnbc.com/2018/06/
The move comes as China is facing fears of a slowdown and an escalating trade war with the United States. Read the full story
North Korea will continue to ignore Japan unless Tokyo halts hostilities against its neighbor, such as large-scale military drills and efforts to boost military readiness, the isolated nation's state media said on Monday. Read the full story
Read more: https://www.cnbc.com/2018/06/
Read more: https://www.cnbc.com/2018/06/
Read more: https://www.cnbc.com/2018/06/
Analysts are calling for the central bank to stop using exchange rate levels as a monetary policy tool Read the full story
Venture capitalists, corporations and the federal government are investing in quantum computers, a powerful new generation of machines that one day could help develop new drugs and decrypt secrets. The big picture: The problems such devices can solve today are still limited. But the technologies are advancing and as China invests heavily in the field, some researchers and policymakers in the U.S. are calling for a national plan to develop fundamental research into commercial products What's new: Read the full story
The country’s central bank freed up more than $100 billion for lending as Beijing tries to sustain growth without worsening debt problems. Read the full story
European stocks drop sharply as trade fears lead to ‘dark mood’
MarketWatch
European stocks retreat Monday, weighed down by another bout of trade-related angst. Read the full story
Read more: https://www.cnbc.com/2018/06/
France and the Netherlands are holding out against European Union plans to allow membership talks with Albania and Macedonia over concerns the decision could further stoke anti-immigration sentiment in the bloc, EU diplomats said. Read the full story
France will launch a military force with other countries including Britain outside the framework of the European Union on Monday, as Paris tries to keep London close to European defenses after Brexit. Read the full story
... Read the full story
Union Flags and European Union flags fly near the Elizabeth Tower, housing the Big Ben bell, during the anti-Brexit 'People's March for Europe', in Parliament Square in central London Thomson Reuters FRANKFURT (Reuters) - Britain's looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found. The survey, by law firm Baker & McKenzie, also Read the full story
Chinese and European Union officials both agreed to oppose unilateralism and trade protectionism during talks in Beijing on a bilateral investment agreement, taking a swipe at U.S. President Donald Trump’s campaign of punitive tariffs. Read the full story
GLOBAL/NEWS/INFO
Today in HistoryMy San Antonio
Today in History Today is Monday, June 25, the 176th day of 2018. There are 189 days left in the year. Today's Highlight in History: On June 25, 1868, Congress passed an Omnibus Act allowing for the readmission of Florida, Alabama, Louisiana, Georgia, North Carolina and South Carolina to the Union. Read the full story
China stimulus; Turkey reaction; Oil after OPEC
CNN Money
Here's what you need to know about the markets before you start your business day. Read the full story
Here's the biggest news you missed this weekendUSA TODAY
Trump presses "zero tolerance" policy, NYC celebrates Pride, Chip and Joanna Gaines welcome number 5, and more of the biggest news you missed this weekend. Read the full story
Trump presses "zero tolerance" policy, NYC celebrates Pride, Chip and Joanna Gaines welcome number 5, and more of the biggest news you missed this weekend. Read the full story
The Week Ahead: Three Warning Signs Of A Bear Market
Forbes MagazineAs the trade fears persist more investors and analysts are wondering how the US action on trade with its global partners will impact the economy. There are three measures of the economy and stock market that Tom feels everyone should be watching for warnings of a bear market and a recession. Read the full story
Scientists validate theory of relativity on galactic level
EngadgetEinstein's theory of general relativity is rather important when it's crucial ... Read the full story
How succeeding later in life shaped Anthony Bourdain: 'I feel like I've stolen a car'
The late chef Anthony Bourdain's final episode of "Parts Unknown" airs on CNN on Sunday. Though he became successful at 44, he never forgot what it was like getting there.Read more: https://www.cnbc.com/2018/06/
OIL/COMMODITIES/ENERGY
Gold climbs as dollar weakens on global trade concerns
U.S. gold futures for August delivery traded higher at $1,273.60 per ounce.
Read more: https://www.cnbc.com/2018/06/
The Gold Price Breaks Below An Uptrend Line: How Are The Miners?
Forbes MagazineHere is a look at the recent action on the price chart of gold and of the price charts of select gold mining stocks. Read the full story
Investing.com
© Reuters. Oil prices mixed Read the full story
Brent drops by 2 percent as traders expect output rise after OPEC deal
The decline followed an expected output increased that was agreed by oil producers at OPEC's headquarters in Vienna
Read more: https://www.cnbc.com/2018/06/
BANKS/BANKING/CREDIT
How Commerzbank Is Throwing Out the Business Blockchain PlaybookCoinDesk
The German bank is building on five different blockchains, and not just to hedge its bets – it sees a multi-chain future. Read the full story
Are You Making the Most of the Federal Reserve Rate Hikes?
CentSaiHow much money do you have in your checking account? How much debt do you have? Why? Here's why the amount of cash in your checking account matters, and what this amount might imply about you. The average consumer checking account balance has increased in 23 of the past 30 quarters, according to new research... Read the full story
Tokenization under the EU Regulations with Smartlands Will Define the Future of Investment Banking
VentureBeatThe volatile nature of the cryptocurrency market is the largest threat that keeps a majority of investors away from the industry, and many businesses from wide adoption of blockchain. The Smartlands Platform solves this challenge by... Read the full story
Visa May Invest $250 Mn In BillDesk At A Valuation Of $1.5-2 Bn
Inc42 MediaMumbai-based payments gateway BillDesk may soon raise $250 Mn in a fresh funding round from digital payments network Visa, at a valuation of $1.5-2 Bn. According to the reports, the deal is in the final stages of completion, and it’s the valuation which is being negotiated. The funding is a mix of primary and secondary... Read the full story
As trade war looms, China is trying to boost its banks' lending
China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.Read more: https://www.cnbc.com/2018/06/
TREASURIES/BONDS/STOCKS
Top 5 Things To Know In The Market On Monday
Here are the top five things you need to know in financial markets on Monday, June 25:
http://www.investing.com/news/
US Treasury yields slip into the red as trade turmoil continues to bubble away
U.S. government debt prices ticked higher on Monday. Read the full story
Morning Brief: US plans to limit Chinese tech investments
Yahoo FinanceTop news and what to watch in the markets on Monday, June 25, 2018. Read the full story
Economic Calendar: Top Things To Watch
Investing.comEconomic Indicators Jun 25, 2018 09:09 GMT Investing.com - This week the economic calendar will include the Fed’s preferred inflation measure, the core PCE price index on Friday along with the third reading on first quarter U.S. GDP on Thursday, as well as data on durable goods orders and consumer sentiment The week will also see a smattering of U.S. earnings, including from Carnival (LON:CCL), Lennar (NYSE:LEN), Bed, Bath & Beyond, Nike (NYSE:NKE), General Mills (NYSE:GIS) and ConAgra Brands Read the full story
Top 5 Things To Know In The Market On Monday
Investing.com© Reuters. Top 5 things to know today in financial markets Read the full story
Investors are fleeing the financials at the highest rate in years
CNBCInvestors may think that with a central bank on a firm tightening path, industry deregulation efforts in play and high expectations for banks’ growth heading into this year, banks and other financial firms would be thriving. But they’re badly lagging the market, and fund flows paint an ugly picture. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's Defense of $6K Raises Odds of Relief Rally
CoinDesk
Bitcoin could trade on a positive note for the rest of the week, if prices close today above Sunday's high of $6,250. Read the full story
Ether Price Drops to 10-Week Low Near $400
CoinDeskEthereum, the world's second largest cryptocurrency by market capitalization, dropped to a 74-day low below $430 Sunday. Read the full story
Bitcoin's Next Support Level As Low As $5,100
Forbes MagazineBitcoin continues its downward trend of lower highs and lower lows as it breaks below $6,000. Read the full story
Bitcoin Hits New 2018 Low Amid Shaken Investor Confidence
FORTUNEBitcoin dipped as low as $5,787 Sunday afternoon, marking the cryptocurrency’s lowest price so far in 2018. Bitcoin’s low had previously been set at $5,947 on February 6th, according to Coindesk’s price index, in the midst of a sharp dip. But the current bear trend, a slower grind driven by global regulatory scrutiny, allegations of market manipulation, and battered investor sentiment, may prove more sustained — despite a bounce that followed the new low. Sunday’s low marked a more than 70% Read the full story
Bitcoin Prices Continue To Decline, Hitting Fresh 2018 Low
Forbes MagazineBitcoin prices just reached their latest 2018 low. Does the crypto have further losses in store? Read the full story
CURRENCIES
Buoyant euro keeps dollar off 11-month highs, trade issues in focus
The euro was lifted after Friday's upbeat German and French business activity data and fresh assurances by Italian politicians that their nation would not leave the single currency.
Read more: https://www.cnbc.com/2018/06/
Forex - Yen Gains as Trade Tensions Flare Up
Investing.com© Reuters. Yen gains as trade tensions flare up Read the full story
China’s yuan hits lowest level of 2018, suffering longest losing streak in two years
South China Morning PostAnalysts see it slipping further as the China-US trade dispute shows no signs of easing and the central bank signals it will let the currency weaken more Read the full story
Iran Plans to Create a Secondary Forex Market
Iran plans to establish a secondary market for foreign exchange to help get around a dollar shortage that has hurt trade and is likely to worsen as U.S. sanctions resume.
Forex: Online Currency Trading
INSURANCE / HEALTH / SCIENCE
Some common warning signs of suicide
CNN
CNN's Anderson Cooper spoke with Dr. Christine Moutier about the warning signs of suicide. If you or someone you know needs help, call the national suicide hotline: 1-800-273-TALK. Read the full story
The Common Drug That Makes Opioid Overdose Five Times As Likely
Forbes MagazineOpioid overdoses continue to increase, but a new study finds that risk of overdose in the first three months of using the drugs is especially high when also taking another commonly prescribed medication. Read the full story
The Cost of Providing Health Care to Illegal Aliens
The American Spectator
The most objective piece of writing on illegal immigration to emerge from the legacy media last week appeared under the title, “If We Want to End the Border Crisis, It’s Time to Give Trump His Wall.” It was penned by Andrew Sullivan, of all people, yet he admitted something few progressives have really accepted: “He... Read the full story
The American Spectator
The most objective piece of writing on illegal immigration to emerge from the legacy media last week appeared under the title, “If We Want to End the Border Crisis, It’s Time to Give Trump His Wall.” It was penned by Andrew Sullivan, of all people, yet he admitted something few progressives have really accepted: “He... Read the full story
Geneticists Are Growing Neanderthal "Minibrains" in a Lab — Here’s How
InverseIn order to study the brains of Neanderthals, researchers have mostly relied on analyzing fossilized skulls to infer what they may have contained. But according to geneticist Alysson Muotri, Ph.D., a new technique is emerging among his team of researchers at University of California, San Diego: growing Neanderthal minibrains. Read the full story
7 Characteristics Of Sociopaths That Are Often Mistaken For Charisma, According To Experts
BustleSince there are quite a few misconceptions about sociopathy, one being that it can be mistaken for charisma, it's always a good idea to be able to tell the difference between genuine friendliness —and someone who has that "it" factor — and someone wh… Read the full story
USA/CANADA
In Texas, Trump's steel tariff stirs uncertainty and concernABC News
The Art of the Steel: How steel pipe manufacturers and steelworkers in Texas are grappling with Trump's tariff on the metal Read the full story
Fair trade vs. free trade: which is better for the US?
Fox NewsDoes fair trade or free trade put more money in Americans' pockets? Dr. Mark Perry has insight on 'Life, Liberty & Levin.' Read the full story
Trump is reportedly planning major new restrictions against China
CNBCPresident Donald Trump plans to bar many Chinese companies from investing in U.S. technology companies and block additional technology exports to China, The Wall Street Journal reported. Read the full story
Trump gets ready to slap China with investment restrictions, export controls
POLITICOAfter an internal debate, the administration appears to have settled on more aggressive restrictions. Read the full story
Trump issues challenge to trading partners: Bring down barriers or face 'reciprocity'
CNBCPresident Donald Trump issued a stark warning to the United States' trading partners on Sunday, calling on global economies to end to all protectionist barriers. Read the full story
'Flawed, goofy' plan to split California into 3 states needs to win over skeptics
USA TODAYA proposal to split California into three states will appear on the November ballot. But supporters will need to convince voters in the Imperial and Coachella valleys that the proposal is more than an out-there idea from an eccentric billionaire. Read the full story
Housing affordability in America is its worst in nearly a decade, and there's one clear culprit
Business InsiderHousing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose. The pace of home-price growth actually slowed, according to Attom. Housing in the US has not been this unaffordable since property values were in free fall 10 Read the full story
Trump looks to make more history, this time with Putin
The HillFresh off a meeting with North Korean leader Kim Jong Un that saw history-making images plastered on screens around the globe, President Trump is zeroing on another headline-making summit — one with Russian President Vlad Read the full story
Trump's Trade Fight With Canada Highlights Two Approaches To Capitalism
HuffPostPresident Donald Trump's savaging of Canadian Prime Minister Justin Trudeau ... Read the full story
EMERGING MARKETS
In Texas, Trump's steel tariff stirs uncertainty and concernABC News
The Art of the Steel: How steel pipe manufacturers and steelworkers in Texas are grappling with Trump's tariff on the metal Read the full story
EU to impose sanctions on 11 Venezuelan officials
Business InsiderVenezuela's President Nicolas Maduro arrives to a military parade to celebrate the 197th anniversary of the Battle of Carabobo, next to his wife Cilia Flores, in Campo de Carabobo Thomson Reuters LUXEMBOURG (Reuters) - The European Union will impose economic sanctions on 11 Venezuelan officials in protest at President Nicolas Maduro's re-election, which the bloc said was not free or fair, EU diplomats said. The travel bans and asset freezes, first reported by Reuters in May, will be in addition Read the full story
Meanwhile, In The Failed State Of Venezuela...
Forbes MagazinePSUV continues to destroy the economy. Wall Street should give up waiting for regime change in Venezuela. Read the full story
China state planner and top bank set up US$47 billion fund to invest in emerging industries
South China Morning PostThe National Development and Reform Commission and China Construction Bank are targeting sectors including new materials, biotechnology and new-energy vehicles Read the full story
MIDDLE EAST
On already shaky footing, Turkey’s economy and assets are likely to be affected as all eyes turn to what the powerful and growth-hungry winner of Sunday’s elections — President Recep Tayyip Erdogan — will do next.
Read more: https://www.cnbc.com/2018/06/
Iran-backed Iraqi militias say won't be silent over alleged U.S. strike
ReutersIraq's Popular Mobilisation Forces, an umbrella grouping of mostly Iran-backed Shi'ite militias, said on Sunday it would not remain silent over an alleged U.S. air strike it said killed 22 of its members across the border in Syria last week. Read the full story
Kushner rips Palestinian president, says Mideast peace plan will move forward — with or without him
Los Angeles TimesPresident Trump’s son-in-law and senior advisor said in an interview published Sunday that the administration will release a Mideast peace plan Read the full story
Saudi Arabia’s treatment of women is still a travesty despite end of driving ban, but Hong Kong has no grounds to gloat
South China Morning PostLuisa Tam says the lifting of restrictions on women getting behind the wheel in the Middle Eastern nation is only a small step to address a large problem, and while it is easy to point the finger overseas, Hongkongers themselves have a long way to go to achieve true equality between the sexes Read the full story
Prince William Is Visiting the Middle East. Here's What to Know About Britain's Controversial Role in Shaping the Region
TIMEIt is an area of the globe that cannot escape its history, a history in which Britain has played a major part Read the full story
AFRICA
'Deeply Unfortunate Killings' Have Left Dozens of Farmers and Herders Dead in Nigeria
TIME
TIME
One report cited police as saying 86 people have died Read the full story
Zimbabwe opposition leader Nelson Chamisa fears poll violence
Aljazeera
Kadoma, Zimbabwe - Opposition leader Nelson Chamisa says his Movement for Democratic Change (MDC) and its coalition partners feel more susceptible to violence after a bomb attack on a Zanu-PF party rally narrowly failed to kill President Emmerson Mnangagwa. Chamisa told Al Jazeera that although Zimbabwe was more stable than a decade ago, Saturday's attack on the stadium in Bulawayo where Mnangagwa spoke made him expectant of more tension directed at the opposition ahead of next month's elections Read the full story
One person dies after explosion at Zimbabwe president's rally-state radio
Reuters
One person died on Monday from injuries following an explosion that rocked Zimbabwe President Emmerson Mnangagwa's Saturday campaign rally in the city of Bulawayo, state-owned radio said on its official Twitter account. Read the full story
Achieving financial equality for women farmers
Source
By Shiro Wachira, Around the world, social movements like #MeToo and #TimesUp are inspiring important conversations about the inequitable practices women have long faced in every aspect of their lives. In some cases, these discussions have led to measurable changes in how women are treated on the job, at home, and elsewhere in society. Unfortunately,... Read the full story
Zimbabwe: Minister Praises President's Wife as Different from 'Destructive' Grace
AllAfrica
(Photo: The Herald) SPORTS minister and Zanu PF Mashonaland Central provincial chairman Kazembe Kazembe at the weekend mocked the former first lady Grace Mugabe whom he said was "destructive" and praised Auxillia Mnangagwa for "being different". Kazembe was in September last year, at a Zanu PF rally in Chipadze Stadium Bindura, dressed down by Grace. The Sports minister, according to Grace who was addressing a Youth interface rally then, was part of the now President Emerson Mnagagwa's Lacoste Read the full story
ASIA
Asia trades mixed as global trade tensions simmer
President Donald Trump doubled down on his rhetoric, warning countries about further retaliatory measures if they did not lower existing trade barriers.
Read more: https://www.cnbc.com/2018/06/
China is unleashing more than $100 billion into its economy
CNN MoneyThe move comes as China is facing fears of a slowdown and an escalating trade war with the United States. Read the full story
North Korea says to ignore Japan until it scraps military drills, other measures
ReutersNorth Korea will continue to ignore Japan unless Tokyo halts hostilities against its neighbor, such as large-scale military drills and efforts to boost military readiness, the isolated nation's state media said on Monday. Read the full story
US to give North Korea post-summit timeline with 'asks' soon, official says
The U.S. will present a timeline to North Korea with "specific asks" of Pyongyang after a historic summit between President Donald Trump and North Korea leader Kim Jong Un, a senior U.S. defense official said.Read more: https://www.cnbc.com/2018/06/
Cash hoarders aren't the only problem for Japan's struggling fund industry
Japan's stagnant mutual fund industry is hunting for revitalization amid an aging, shrinking population and unmotivated retail investors who prefer to sit on cash.Read more: https://www.cnbc.com/2018/06/
Asia trades lower; Nikkei down 0.3% and Kospi lower by 0.6%
President Donald Trump doubled down on his rhetoric, warning countries about further retaliatory measures if they did not lower existing trade barriers.Read more: https://www.cnbc.com/2018/06/
With China-US trade war looming, will Beijing be more hands off on exchange rates?
South China Morning PostAnalysts are calling for the central bank to stop using exchange rate levels as a monetary policy tool Read the full story
The worldwide race against China to build a quantum economy
AxiosVenture capitalists, corporations and the federal government are investing in quantum computers, a powerful new generation of machines that one day could help develop new drugs and decrypt secrets. The big picture: The problems such devices can solve today are still limited. But the technologies are advancing and as China invests heavily in the field, some researchers and policymakers in the U.S. are calling for a national plan to develop fundamental research into commercial products What's new: Read the full story
China Moves to Shore Up Economy as Slowdown and Trade Fight Loom
The New York TimesThe country’s central bank freed up more than $100 billion for lending as Beijing tries to sustain growth without worsening debt problems. Read the full story
EUROPE
European stocks drop sharply as trade fears lead to ‘dark mood’
MarketWatch
European stocks retreat Monday, weighed down by another bout of trade-related angst. Read the full story
European markets lower on trade, migration concerns
European equities traded lower on Monday morning as investors worry over further tariffs in global trade.Read more: https://www.cnbc.com/2018/06/
France resists Balkan accession talks despite EU's open door
ReutersFrance and the Netherlands are holding out against European Union plans to allow membership talks with Albania and Macedonia over concerns the decision could further stoke anti-immigration sentiment in the bloc, EU diplomats said. Read the full story
Outside EU, France to launch crisis force with Britain, others
ReutersFrance will launch a military force with other countries including Britain outside the framework of the European Union on Monday, as Paris tries to keep London close to European defenses after Brexit. Read the full story
How a soft Brexit differs from a hard one
The Economist... Read the full story
Half of EU business leaders cut UK investment over Brexit: survey
Business InsiderUnion Flags and European Union flags fly near the Elizabeth Tower, housing the Big Ben bell, during the anti-Brexit 'People's March for Europe', in Parliament Square in central London Thomson Reuters FRANKFURT (Reuters) - Britain's looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found. The survey, by law firm Baker & McKenzie, also Read the full story
China, EU agree to fight protectionism, but EU repeats complaints
ReutersChinese and European Union officials both agreed to oppose unilateralism and trade protectionism during talks in Beijing on a bilateral investment agreement, taking a swipe at U.S. President Donald Trump’s campaign of punitive tariffs. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
http://www.cbi.iq/
The CBI for Tuesday 6/26/18 did update on the indicative rates Sell Rate 1190
The currency auction is 131,826,457
There are 2 news and announcements for Tuesday 6/26/18
1. Announcement of ICD112 Auction Results (for the sale of Islamic certificates of deposit)
On 25/6/2018, the Central Bank approved the ICD112 auction to sell ID certificates.
June 26, 2018
On 25/6/2018, the Central Bank approved the ICD112 auction to sell ID certificates.
June 26, 2018
The Central Bank of Jordan approved the auction of ICD112 for the sale of Islamic certificates of deposit for a period of (14) days and the amount of (50) billion dinars (fifty billion dinars) and the sale of certificates of 21 billion dinars at a uniform rate and the highest rate of return (0.70%). , And the number of participants (3) banks have won the amounts provided.
2. International black lists of financial institutions in the Central Bank of Iraq
Deficit List for the Federal Reserve Bank (FRBNY BLACKlist) for financial institutions.
June 26, 2018
List of Deprivation of the Federal Reserve Bank (FRBNY BLACKlist) for financial institutions of the CBI ... Click here to download
Deficit List for the Federal Reserve Bank (FRBNY BLACKlist) for financial institutions.
June 26, 2018
List of Deprivation of the Federal Reserve Bank (FRBNY BLACKlist) for financial institutions of the CBI ... Click here to download
The CBI for Tuesday 6/26/18 did update on the indicative rates Sell Rate 1190
Value Traded
1,058,435,573
Shares Traded
1,861,578,792
ISX ended in Green
Kauaihn Chatter:
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
6-25-2018 Newshound/Intel Guru Randy Koonce Another 'rumor' going around is that it is 1 to 1 in Iraq already. The only reason to RV is to be able to use it in the world market place. World Market Place means 'outside of Iraq'. ...You are NOT 'in Iraq'. And until the rate changes on cbi.iq - it makes no difference to you or I what is going on inside of Iraq. About 3 weeks ago, there was a statement added to the CBI website (you know - cbi.iq) that basically explains to the Iraqis what to do and how to bring in old and damaged money. The good news is that this statement basically started the RV process. Iraqis will only notice after the rate changes that it does not take as much to buy bread as it did before.
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound/Intel Guru Mnt Goat ...as we know... the currency auctions will go away as they are run today once the value changes and the dinar is reinstated and traded. There will be no need for the auctions any longer. Let me ask you this: Then why is the CBI taking such a large effort now to get the dollars out of circulation in Iraq and force the citizens to use dinars? Can you see they are already beginning to make the transition and are weening the economy off the use of the dollars. So we know the move to end the currency auctions must not be too far in the near future. I like the part when she calls on the banks to “act quickly”.
[post 2 of 2]
[post 2 of 2]
6-25-2018 Newshound/Intel Guru Mnt Goat Article: "CALLS ON BANKS TO ACT QUICKLY TO AVOID THE CAUSES AND EFFECTS OF POTENTIAL CRISES BY RETURNING TO INCOME-PRODUCING BANKING PRODUCTS AND NOT RELYING ON THE CURRENCY WINDOW FOREVER" ...basically this article is all about the currency window and how the banks are overlying on the money they are making off it. The author is saying its time to stop relying so much on the currency window for revenue and diversify into other products to generate revenue for the banks. I quote – “NOT RELYING ON THE CURRENCY WINDOW FOREVER”. Its time for the CBI to help them find other products and help rescue them. ...this is very good news for us... [post 1 of 2....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:d
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ARTICLE 1-A (from PM Abadi's website
Prime Minister Dr. Haider Al-Abbadi receives a telephone call from US Vice President Mike Bens
Prime Minister Haidar al-Abadi received a telephone call from US Vice President Mike Bens on Monday.
During the meeting, they discussed enhancing bilateral relations and cooperation between the two countries and the situation in the region as well as the political and security situation.
Mr. Bens praised the Iraqi government for pursuing terrorist gangs and eradicating them, noting that the United States of America is committed to supporting Iraq, which has achieved a great victory over the gangs of terror and liberating its lands.
He stressed that his country will continue to support Iraq in the construction and reconstruction phase, praising the efforts of the Iraqi government to return the displaced and preserve the minorities and return them to their areas.
Dr. Haider al-Abadi said that the Iraqi government and our heroic forces continue to pursue the cells and terrorist pockets to eliminate them.
He added that the priority of Iraq is to maintain the achievements achieved in the field of security and the advancement and economic reform and services and construction and reconstruction and provide employment opportunities and this is what we are working on with the importance of forming a strong government to provide services and aspirations of the citizen.
Prime Minister 's Media Office
25 June 2018
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ARTICLE 1 (from PM Abadi's website
Prime Minister Dr. Haidar Al-Abadi receives the Minister of Foreign Trade and Development Cooperation of the Kingdom of the Netherlands Mrs. Sikrid Kach
Prime Minister Dr. Haider Al-Abbadi received in his office Monday the Minister of Foreign Trade and Development Cooperation of the Kingdom of the Netherlands, Mrs. Sikred Kach and her accompanying delegation.
During the meeting, they discussed enhancing cooperation between the two countries in various fields, developing economic and trade relations, supporting economic reform programs in Iraq and praising the Kingdom of the Netherlands for the steps taken in this field.
She stressed the support of her country to Iraq in the areas of construction and reconstruction and the donation of 30 million euros to support the creation of jobs for small enterprises.
The minister also offered the Netherlands assistance to Iraq with expertise in water management.
Prime Minister 's Media Office
25 June 2018
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ARTICLE 1-C
Tweet posted on PM Abadi's twitter account:
Haider Al-AbadiVerified account @HaiderAlAbadi 6-26-2018, around 5:45 am Eastern4
الوحدة بين ابناء بلدنا قهرت الارهاب والدواعش وجمعت الناس بمختلف اطيافهمOur unity defeated terrorism and brought our people together from every background
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ARTICLE 2
Maliki joined the knot of saw between Abadi and Sadr on the one hand and Amiri on the other
BAGHDAD, June 25 (Reuters) - The leaders of the Sadrist movement Moqtada al-Sadr and Nasr Haider al-Abadi agreed to prevent the entry of a coalition of state law in the alliance of the largest bloc paved for the formation of the next Iraqi government. The new coalition of objectors on such a direction.
The newspaper quoted a source in the alliance backed by Sadr said: "The alliance of the conquest led by Hadi al-Amiri, seeks to strain Maliki's alliance with the alliance of Ssron - victory - conquest, to complete the alliance of the Shiite house again," explaining that "Abadi and the Communist Party in search The subject with Sadr, to prevent this trend in various ways. "
He stressed that "the views of the three parties are identical to Maliki," revealing, "These parties agreed to set strict conditions for the entry of al-Maliki in the coalition."
He pointed out that "among these conditions, not to grant Maliki's coalition any important ministerial position, and other conditions that will not be accepted," noting that "this position will also affect, the relationship of these parties to the Fath Alliance, which seeks in various ways to annex Maliki to the coalition. "
Last Saturday, Abadi and Sadr announced the formation of a cross-sectarian alliance between "victory" and "passers-by" in order to secure the largest bloc in parliament, and stressed their openness to other blocs.
On the other hand, the spokesman for the "Alliance of Fatah" Hassan Shaker, in a press statement, "The statement of the alliance declaration between Hadi al-Amiri and Muqtada al-Sadr,
It was clear from the beginning, and stated that this alliance will be open to all, which allows the political blocs to join him to form a large bloc that will emerge from the new government.
He added that "there is information indicating the existence of a political movement to join the coalition of the rule of law, to the alliance of others - the conquest - victory," adding that "the alliance of Suron - victory, is a declaration to join the victory to the Alliance of conquest - going, and the two parties are going to achieve one goal, Is the inclusion of everyone in the major bloc and move towards the formation of the government, which represents a new turning point to form.
He pointed out that "talking about the rivalry between Abadi and Amiri, regarding the post of prime minister, is still early," stressing that "there will be a program is prepared for the Prime Minister; involving all the blocs that will elect the new prime minister." (1)
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ARTICLE 3
Jubouri congratulates Erdogan: We look forward to developing relations at all levels
2018/6/25 20:08
[Ayna-Baghdad]
Speaker of the Parliament Salim al-Jubouri on Monday congratulated Turkish President Recep Tayyip Erdogan on the occasion of his victory in the Turkish presidential elections.
"I would like to extend to the President of the Republic of Turkey Recep Tayyip Erdogan and the Turkish government and people their sincere congratulations and congratulations on the occasion of his victory in the presidential elections in Turkey," Jubouri said in a statement. The two neighboring countries, which we look forward to developing at all levels and in a way that supports the interests of our two friendly peoples. "
He wished the Turkish president "more success, progress and prosperity of the Turkish Republic and the Turkish people," praising "the role of Turkey supporting the Iraqi people and stand with him in the crises and tribulations."
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ARTICLE 4
Rafidain is developing a hotline to receive complaints about advances and loans
2018/6/26 8:19
[Ayna-Baghdad]
Rafidain Bank announced the introduction of a hotline to receive complaints from citizens and employees about the banking services provided in all branches in Baghdad and the provinces.
The bank's media office said in a statement received by the agency of all Iraq [where] a copy of it, that "the phone has been allocated complaints [07901940112] for receiving complaints and grievances of citizens related to the submission of advances and loans in the branches of the bank in Baghdad and the provinces."
He pointed out that "the special number [422] concerning electronic payment tools [electronic card] has been allocated."
"There is a possibility of filing complaints in a fund set up by the general administration of the bank," he said.
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ARTICLE 5
Green tea in the cage of the charge for causing osteoporosis, iron deficiency and liver disease
BAGHDAD, June 21 (UPI) - Green tea, known for its medicinal benefits, is not without health damage in the case of over-eating, preferring to avoid drinking more than 3 cups a day.
"Green tea causes insomnia, because it contains a high percentage of caffeine, and the second is caused by increased heartbeat. Not to mention that the caffeine available in green tea affects blood sugar. Therefore, diabetics should avoid it. Thirdly, green tea causes bleeding in the case of aspirin. It also causes iron deficiency in the body. It contains the substance that prevents absorption of iron. It also causes osteoporosis because excessive drinking of green tea prevents calcium absorption. Bones of this important nutrient. "
"Green tea causes a reduction in testosterone, which negatively affects the function of the male reproductive system," she said. "It contains antioxidant polyphenols, so excessive drinking means an increase in antioxidants entering the body. , Which disrupts the metabolism, and prevents the body from metabolism of food and turn it into energy, and may cause jaundice, hepatitis, liver failure in some extreme cases. Ending
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