WOTS Friday 8/17/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,166.0000 | 1,166.0000 | 1,166.0000 | | 20:00 |
| USD/VND | | | 23,259.0000 | 22,943.9000 | 22,943.9000 | | 04:15 |
| USD/CNY | | | 6.8929 | 6.8585 | 6.8725 | | 06:40 |
| USD/KWD | | | 0.3030 | 0.3029 | 0.3029 | | 01:24 |
| GBP/USD | | | 1.2748 | 1.2699 | 1.2712 | | 06:44 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,645.0000 | 14,568.5000 | 14,598.6000 | | 06:42 |
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DC NY Iraq Articles:dd
State law: the names of presidential candidates have not yet decided and the announcement of the largest bloc after two days
17-08-2018 11:19 AM
A member of the coalition of state law, Abdul Hadi al-Saadawi, on Friday, not to resolve the names of candidates for the three presidencies so far, and that any names put to the three presidencies are just nominations from political parties, but until the moment did not resolve any position of them.
Saadawi said in a press statement that 'the choice of the Prime Minister will be part of the government program, which will be agreed upon between the political forces included within the largest bloc',
Pointing out that 'the general landscape of the largest bloc includes the conquest and the rule of law and a large part of the victory and some Kurdish and Sunni parties, which will be announced officially in the next two days'.
Rafidain announces the disbursement of a new meal of the pensioners' advance
Rafidain Bank announced on Friday the disbursement of a new meal of the advance of civilian and military retirees of three million dinars through electronic payment tools.
The bank's press office said in a statement that a new batch of retired civilian pensioners had been paid to about 2502 retirees and the military pensioners' pension had been disbursed to 1,571 others.
The statement added that 'the disbursement of this advance was by informing the pensioner by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to them.
Elements of the Diyala awakening protesting to pay their salaries in arrears for 8 months
2018/08/17 12:38
Baghdad today - Diyala
Dozens of Awakening fighters demonstrated in Diyala on Friday, August 17, 2018 to demand payment of their salaries overdue for 8 months.
The head of the Security Committee in the Council of Diyala Sadiq al-Husseini said in an interview with (Baghdad today), "dozens of fighters Awakening took part in an official demonstration and cut the Kirkuk-Baghdad road for about half an hour, near the district of Khalis (20 km north of Baquba) before reopening a protest against Delayed payment of salaries for 8 months. "
Al-Husseini added that his committee calls for "resolving the salaries of the Awakening fighters as they played an important role in supporting stability and fighting extremist groups." He added that "this file should be resolved and messages reassured by the authorities responsible for their file."
Awakening was formed in Diyala in 2007 to confront al-Qaeda in several areas of the province has provided a lot of blood in many battles against the organization.
Iraqi Compliance with Iran Sanctions will “Damage Iraq’s Economy”
16th August 2018 in Investment, Iraq Industry & Trade News, Politics
By John Lee.
A former under-secretary at Iraq’s Ministry of Finance has said that ministry has said that US sanctions on Iran will impact trade activity between Iraq and Iran and, should they persist, they will damage Iraq’s economy.
Fadhil Nabi told Rudaw:
America’s sanctions on Iran will have impact on trade exchange and activity between Iraq and Iran as there is sizeable trade between the two countries in terms of oil and gas.”
According to the report, while countries are yet to sever trade ties, the impact is already being felt on Iran’s economy, with the rial rapidly losing value.
Twin Bomb Explosions Wound Six Civilians in Baghdad
17/08/2018 - 01:57
Twin Bomb Explosions Wound Six Civilians in Baghdad
ERBIL - At least six civilians were wounded in a twin bomb explosions in northern Baghdad on Wednesday, police source reported.
"A bomb went off targeting civilians in al-Jaza’er district in al-Shaab region, leaving four people seriously injured," the source told AlSumaria News, as cited by Iraqi News.
The report added that two more people were injured as a result of a bomb blast in a bus, north of the capital.
No sides have yet claimed responsibility for the attack, but Islamic State (IS) as a main terrorist organization in Iraq has usually been suspected for such offensives
Di Qar council member: Local government is unable to cope with the drought of the marshes
August 17, 2018 - 11:01 p
A member of the Dhi Qar provincial council Hassan al-Asadi on Friday revealed the inability of the local government to save the lives of the people and their animal and fish wealth in the marshlands following the drought that affected these areas.
Al-Asadi said in a statement that the residents of the marshes are not satisfied with the performance of the local government in this regard, adding that the council called on the governorate administration in its last meeting to expedite a joint meeting with the Ministry of Water Resources and the General Secretariat of the Council of Ministers.
He added that the local government has become a laughingstock of the marshlands, as it is not possible to answer their questions about the feasibility of annexing the marshes in the World Heritage List and the lack of sufficient water to sustain life and biological diversity.
Kauaihn Iraq Articles:dd
The opposition puts five conditions before the ruling parties in Kurdistan before going with them to Baghdad
2018/08/17 11:08
Baghdad today - follow-up
The leader of the opposition Islamic Union in the region, Abu Bakr Hildini, Friday (17 August 2018), that the Kurdish opposition parties, it is possible to hold a "national dialogue", with the parties of the Patriotic Union and Democratic Kurdistan, to unite and go to Baghdad to discuss the government Coming.
"Both parties, the ruling parties and the opposition forces, stressed the importance of holding a national dialogue," he said in a press statement. "This requires a number of steps, including restoring hope and confidence to the street, Transparent and free of fraud, and improve the living and service situation of citizens through the abolition of the system of saving salaries, and that the Committee to write the constitution work, and work to achieve national peace to end the rift between the political forces.
He pointed out that "it is better to meet these conditions for dialogue, and otherwise, the situation will remain as it is."
And whether the same conditions apply to the formation of an expanded Kurdish alliance in Baghdad, said: "This can be achieved through two mechanisms, either work all Kurdish blocs in the framework of coordination and cooperation in common, or that the two ruling parties in the region to maintain their alliance, Four opposition ". He added: "In both cases, whether we are in a unified alliance or two, it is important to ensure understanding and commitment to national constants, and we have previous experiences, as the blocks were separate, but they cooperated on the benefits of the region.
He stressed that "the opposition forces studied the next steps related to the formation of the federal government, and will enter into negotiations with the two parties, and with the Iraqi parties, pending what will be interpreted results."
"The opposition forces will be divided into a single bloc separate from the two parties, with coordination on common points."
"As we insist on the unity of the situation in Baghdad, we must ensure the same ground at the level of the political process in the region, because it is paradoxical to call for unity in Baghdad, while visiting the elections in the region and create frustration in the voter."
He said: "If the dialogue fails, the opposition forces will discuss options in terms of the political process in the region, including the boycott or stay, but it will certainly be allied in Baghdad, because the division in the region will exacerbate the general situation, at a time when the region Rapid developments ".
"The two main parties continue to practice their previous policies, while a different strategy was supposed to be put in place to deal with developments," he said.
Talabani Party: We will agree with the opposition parties to go with a unified delegation to Baghdad at this time
2018/08/17 13:15
Baghdad today - special
On Friday, August 17, 2018, the PUK's external relations official, Taha Namik, said that the leadership of the ruling parties, the Union and the Kurdistan Democratic Party, had agreed with the Kurdish opposition parties: "Change Movement, Islamic Group, Islamic Union, Alliance for Democracy And justice, " to go to a unified delegation to Baghdad to discuss the formation of the government.
"The Kurdish delegation will visit Baghdad after the holiday of Eid al-Adha to discuss the formation of the largest bloc," Namik said in an interview with Baghdad today that "the Kurds are seeking during this period to unite their ranks and agree on common points based on the supreme interest of the Kurdish people before going to Baghdad".
He added that "there is guidance from the leadership of the two parties (the Democratic Union), to reunite the Kurdish house and agreement with the opposition parties on the basic points, and go to a joint delegation represents the demands of the Kurds to enter alliances to form the next government.
"We will visit the four opposition parties in an attempt to reach an agreement with them, because this represents a strength of the Kurds and not dispersing the votes in negotiations with other alliances," he said.
He pointed out that "until the moment there is no official alliance to form the largest bloc and all are in the process of negotiations and dialogues and we are ready to negotiate with all provided that the Kurdish interest is the basis."
An international organization provides 300 jobs in Hawija
2018/08/17 12:43
Baghdad today - Kirkuk
On August 17, 2018, Ahmed Khorshid, a member of the Hawija district council in the province of Kirkuk, announced the provision of 300 jobs for the unemployed.
Khurshid said in an interview with Baghdad today that "the United Nations Development Organization (UNDP) has provided jobs for (300) workers in the province of Hawija and a daily wage of (20) dollars equivalent to about (25,000) Iraqi dinars."
He added that "the amount that will enter the province of Hawija on a daily basis is (6000) dollars and will work for (45) days, meaning that $ 270,000 will enter the judiciary, which contributes to the revival of the market and economic movement."
Khurshid pointed out that "there will be a meeting in Erbil with the donor organization," noting that "during which work will be extended on the contract of work."
He added that "the efforts are not limited to providing job opportunities for the unemployed in the province of Hawija, but there are proposals for the dissemination of this project on the villages of Taza, such as Bashir and others."
A member of the Dhi Qar Council confirms the inability of the government to save the lives of the people and their wealth in the marshes
Baghdad Post Friday, 17 August 2018 11:20 AM
Dhi Qar Council
A member of the Dhi Qar provincial council Hassan al-Asadi on Friday revealed the inability of the local government to save the lives of the people and their animal and fish wealth in the marshlands following the drought that affected these areas.
Al-Asadi said in an interview with the "Baghdad Post" that the residents of the marshes are not satisfied with the performance of the local government in this regard, explaining that the council called on the provincial administration in its last meeting to expedite a joint meeting with the Ministry of Water Resources and the General Secretariat of the Council of Ministers.
He added that the local government has become a laughingstock of the marshlands, as it is not possible to answer their questions about the feasibility of annexing the marshes in the World Heritage List and the lack of sufficient water to sustain life and biological diversity.
Abadi: We may look for mechanisms to deal with Iran that do not conflict with sanctions
2018/08/17 00:14
Baghdad today - follow-up
The spokesman for the Prime Minister's Office, Saad al-Hadithi, that Iraq may discuss in the future certain mechanisms for business dealings with Iran in a manner that does not contradict the US sanctions on the latter.
Al-Hadithi, in a press statement followed by (Baghdad today), that "Iraq can not violate the rules dealing with the dollar in financial and banking transactions and remittances in the event of sanctions against any country in this regard."
On August 16, 2018, President Fuad Masoum commented on the way Iraq would deal with the ban on Iran, saying that bank transfers were outside the control of the Iraqi government.
"There are decisions outside the control of the Iraqi government on the US embargo against Iran," Masoom was quoted as saying in an exclusive interview with Al-Alam television.
"Certain decisions such as bank transfers are outside the control of the Iraqi government," Masoum said, stressing "the need to take into account the specificity of the historical Iraqi-Iranian relations that bind the two peoples."
He noted that "Iraq is not pleased with the Trump decisions to impose a ban on Tehran and that this embargo will harm Iraq."
He pointed out that "trade relations between Tehran and Baghdad will not be affected by the embargo," stressing that "the interests and relations of historical, social and political ties between the two countries."
The Prime Minister Haider Abadi, announced on Monday, August 13, 2018 that Baghdad partially take into account US sanctions against Iran, and refuses to use the dollar in its dealings with Tehran.
On Thursday, 9 August 2018, the Central Bank of Iraq notified commercial banks of the prohibition of dollar transactions with Iranian lending institutions pursuant to US sanctions. At the same time, the Central Bank of Iraq has not stopped using the euro in dealing with Iran, which, he says, depends on the requirements of the ECB and correspondent banks.
The United States has since Monday, August 6, 2018, imposed large-scale sanctions on Iran, which it had suspended earlier, after reaching a comprehensive joint action plan on Iran's nuclear program in 2015.
US President Donald Trump announced in early May Washington's withdrawal from an agreement with Iran over its nuclear program. And subsequently decided to reinstate all sanctions imposed on Tehran, including secondary sanctions, that affect other countries dealing with Iran.
Iraq annually purchases goods from neighboring Iran for up to $ 6.6 billion. In addition to foodstuffs, Iran supplies cars and spare parts to the Iraqi market, as well as household appliances. Every year, two to three million Iranians visit Iraq, an important source of foreign currency entering the country.
The United States describes Iraq as one of its key allies in the Middle East. After its invasion in 2003, it provided some weapons and trained the security forces to fight the terrorist "Da'ash" organization.
Kauaihn Economic Times:
Bond Default in China May Signal Opportunity for US
The Epoch Times
ECONOMIC TIMES / CHATTER
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CRYPTO'S / DIGITAL CURRENCY
China Set to `Weaponize' Yuan to Fight Trump's Trade War: Report
TheStreet
GLOBAL/NEWS/INFO
How to finally stop procrastinating forever
Everyone procrastinates at some point, but if it's affecting your quality of life or work performance, its time to change your behavior.
Rich Professionals Are Using Pension Plans as a Tax Dodge
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App There’s one area where the traditional pension plan is getting new life -- as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash hundreds of thousands of dollars in income a year. By doing so, they’ll get around the income limits Congress created to bar them from a generous new tax break for owners of pass-through entities, who report Read the full story
Global markets sink on growth concerns, Turkey jitters
ABC News
Global stock markets are down amid a drop in commodity prices that suggests concern about economic growth. Read the full story
OIL/COMMODITIES/ENERGY
Copper Tumbles Into A Bear Market
Investor's Business Daily
Investor's Business Daily
Copper plunged into a bear market as concerns mount that Turkey’s financial crisis and the U.S.-China trade spat will stymie global economic growth. Read the full story
Copper hits lowest level in more than a year, raising a red flag about a possible global economic slowdown
CNBC
Copper prices hit their lowest levels in 13 months , potentially signaling an economic slowdown is happening around the world. Read the full story
Copper Prices Enters Bear Market Territory on Weak Chinese Economic Data
TheStreet
Copper futures contracts are down nearly 3% on the Comex Wednesday. The rout. Copper prices fell 2.7% to $2.609 a pound on the Comex division of the New York Mercantile Exchange Wednesday, entering bear market territory after slipping to a 13-month low on Tuesday. Copper prices are now down 20% from the four-year highs that were reached in June due in part to another round of shaky economic news coming out of China. China, the world's largest commodity consumer, as well as the country that is Read the full story
Gold Prices Hit Fresh 1-1/2 Year Lows as Strong Dollar Weighs
Investing.com
© Reuters. Gold hits fresh 1-1/2 year lows as strong dollar weighs Read the full story
Gold strikes roughly 18-month low as dollar strength persists
MarketWatch
Gold resumes this week’s slide in Wednesday action as the U.S. dollar added to its position of strength. Read the full story
Gold hits more than 18-month low as dollar gains on Turkey troubles
Gold fell to a more than 18-month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira.
Oil sinks 3% to more than 2-month low, settling at $65.01, after big rise in US crude stockpiles
Oil prices were weighed down by a gloomier global economic outlook and a report of rising U.S. crude inventories, even as U.S. sanctions on Tehran threatened to curb Iranian crude oil supplies.
Commodities are getting slammed as Turkey's economic crisis causes chaos in markets
Business Insider
A worker pours melted copper into a furnace at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Commodity prices across the board sell off on emerging market crisis contagion fears and a stronger dollar. Industrial metals in particular are suffering, with copper falling to its lowest level in more than a year. Oil is also falling, pushed lower by a combination of contagion and rising inventories. You can track the latest movements at Markets Insider. Read the full story
BANKS/BANKING/CREDIT
Fannie Mae, Freddie Mac offer home loans for 3% down
Fox News
Fox News
The products are designed for individuals with low-to-moderate income levels. Read the full story
11 Things That Surprisingly Don't Affect Your Credit Score
HuffPost
With so many rules to follow and myths to debunk, credit scores can be pretty ... Read the full story
Britain's best and worst banks revealed
Sky News
Royal Bank of Scotland is Britain's worst bank, according to new rankings published by regulators. Read the full story
An ex-refugee is shaking up the money transfer business
CNN Money
Former refugee Ismail Ahmed knows how difficult it can be to send money home. So he started a company to make it simpler. Read the full story
How Capital One's New Savor Card Compares to Other Dining Rewards Cards
lifehacker
Capital One has updated the rewards on its Savor card, and the new offerings will be enticing to people who eat out often or spend a lot at the grocery store (and considering food is the average American’s third biggest expense, that’s a lot of us). Read the full story
A little-known trick can save you thousands on credit card interest payments
CNBC
If you're stuck carrying a revolving credit card balance, consider getting a balance-transfer card Read the full story
It's High Time To Stop The Dodd-Frank Blame Game
Forbes Magazine
Eight years after The Wall Street Reform and Consumer Protection Act was signed, there are still a number of analysts and lobbyists who keep blaming this landmark financial reform legislation for alleged slowdowns in the US economy. Yet, they have not proven with data that Dodd-Frank is to blame. Read the full story
5 Steps To Building A Firewall Against Financial Scams And Abuse
Forbes Magazine
You should take steps now to protect your future self from financial fraud and abuse. Read the full story
Best savings accounts 2018: Switching from checking accounts can boost your cash
USA TODAY
Americans with cash sitting idle in checking accounts earning zero interest are leaving money on the table. Moving to higher-yielding savings and money market accounts can boost returns. Read the full story
6 reasons why your credit score dropped
MarketWatch
Don’t panic. There are a variety of perfectly good reasons why your credit score has dipped. Read the full story
TREASURIES/BONDS/STOCKS
Markets await a Trump tweet as China's currency gets weaker and dollar gets stronger
CNBC
CNBC
The dollar has been strengthening so much that some market pros are wondering when the White House will start tweeting about it. Read the full story
Dow’s 200-point tumble puts it at risk of the longest stint in correction territory in nearly 60 years
MarketWatch
The Dow Jones Industrial Average is on the brink of notching a dubious distinction at the closing bell Wednesday, as U.S. equity benchmarks are facing the sharpest downturn since late June. Read the full story
US Treasury yields fall as Turkey's currency troubles spark pivot into safer assets
U.S. government debt prices ticked higher on Wednesday.
Read more: https://www.cnbc.com/2018/08/
‘Wild swings’ likely to rock US stocks as Turkey crisis rages, Wells Fargo's Chris Harvey warns
CNBC
Wells Fargo Securities has a new message for investors: Hold on tight. Read the full story
Tuesday Rally Short-Lived as Trade Tensions and Weakness in Turkey Re-Emerge
Forbes Magazine
Keep an eye on volatility, which jumped again early Wednesday after declining Tuesday. This could make for some choppy trading, so investors might want to consider being extra careful. Read the full story
The biggest surprise in markets this year is the mighty US dollar
Quartz
Last year was the worst for the US dollar since 2003. The greenback fell almost 10% against a basket of major trading partners, and analysts… Read the full story
Top 5 Things to Know in The Market on Thursday
Investing.com
© Reuters. Top 5 things to know today in financial markets Read the full story
CRYPTO'S / DIGITAL CURRENCY
Crypto selloff takes a breather, market cap back above $200 billion
MarketWatch
MarketWatch
Prices of digital currencies are trading higher Wednesday, bucking the recent trend which saw as much as $20 billion wiped off the market cap of cryptocurrencies. Read the full story
Crypto market crash prompts suicide concerns
Yahoo Finance
The current crypto correction is so bad that people posted suicide hotline numbers on Reddit's bitcoin forum. Read the full story
How Low Can Bitcoin Go? Many Crypto Coins Could Soon Become 'Worthless'
Newsweek
If cryptocurrencies ever become mainstream, then prices could go a lot higher; if not, many become worthless." Read the full story
CURRENCIES
Dollar fades from 13-month high, offshore yuan slumps
The dollar ended little changed on Wednesday after reaching a 13- month peak against a basket of currencies as investors briefly added to their safe-haven holdings of the greenback on worries about slowing Chinese growth
Read more: https://www.cnbc.com/2018/08/
Forex - Dollar Eases, Still Supported Near 14-Month Highs
Investing.com
Investing.com
© Reuters. Dollar eases, still supported near 14-month highs Read the full story
Forex - Dollar Hits 14-Month Highs amid Turkey Trepidation
Investing.com
© Reuters. Dollar hits 14-month highs amid Turkey trepidation Read the full story
The 'unraveling' pound is on its worst run since the financial crisis — and it's only going to get worse
Business Insider
If the pound ends Wednesday lower, it will have seen its longest losing streak since the financial crisis. It will have dropped for 11 consecutive days against the dollar. Factors hitting sterling include the rising risk of a no deal Brexit and the currency crisis in Turkey. The bad news for investors and Brits going on holiday is that things don't look likely to get better any time soon. You can track the pound on Markets Insider. LONDON - The pound is headed for its longest losing streak Read the full story
These charts of past currency crises show Turkey may face a lot more pain ahead
CNBC
The Turkish lira may be set for even more pain despite early attempts by the country's banking regulator to curb investor ability to buy and short the national currency. Read the full story
Turkish lira rebounds for a second session in a row, but dollar index extends its own rally
MarketWatch
MarketWatch
Turkey’s embattled lira early Wednesday strengthens against major counterparts for another consecutive session, notably against the U.S. dollar, even as animosities between Ankara and Washington appeared to escalate. Read the full story
China Set to `Weaponize' Yuan to Fight Trump's Trade War: Report
TheStreet
China now appears willing to undertake a major currency devaluation - similar to the policy changes that roiled global markets in late 2015 and early 2016. The move by the Chinese government would help to offset the impact of the Trump administration's enacted or threatened tariffs on some $250 billion of imports from the country, according to the economic forecaster TS Lombard. In the escalating trade war with President Donald Trump, China might be digging in its heels. According to a new Read the full story
INSURANCE / HEALTH / SCIENCE
Roundup ingredient found in Cheerios, Quaker Oats, and other cereals
Fox Business
Fox Business
The new findings come days after a California jury awarded $289 million to a school groundskeeper who claimed Roundup gave him cancer. Read the full story
How People With Type 2 Diabetes Can Lower Their Risk of Health Problems
TIME
These five risk factors are key Read the full story
At least 107 measles cases confirmed across 21 states
CNN
The CDC reported more than 100 measles cases across 21 states and DC on Wednesday. Read the full story
Over 5,000 low-income Arkansans are poised to lose health care due to Medicaid work requirements
ThinkProgress.org
In Arkansas, residents on Medicaid need to report 80-hours-a-month of work or service online to keep their health insurance under new requirements. So far, more than 5,000 people have failed to do so, jeopardizing their continuous coverage. About 5,426 people who qualify for the public health insurance program designed for low-income people failed to report... Read the full story
How Retail Mental Health Could Be Medicine's Next Frontier
Forbes Magazine
Retail mental health clinics and urgent care centers are beginning to emerge across the U.S. Read the full story
Liver transplants 'may be unnecessary thanks to new drug treatment'
BBC News US
A cancer drug can unlock the liver's ability to regenerate, early stage research suggests. Read the full story
Life expectancy declining in high income countries, especially in the US: Study
ABC News
This pattern is even more dramatic in the United States. Read the full story
USA/CANADA
U.S. targets Chinese and Russian firms with North Korea-related sanctions
Reuters
Reuters
The United States on Wednesday imposed sanctions on one individual and three entities, including firms based in Russia and China, under a North Korea-related sanctions program. Read the full story
Home builder sentiment hits 11-month low as trade war takes a hit
MarketWatch
A closely-watched tracker of home builder confidence stumbled again as higher materials prices hurt contractors’ bottom lines, according to the National Association of Home Builders. Read the full story
A New Home for $90,000? Manufactured Housing Is Making a Comeback
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App While others walked away from manufactured homes, Don Glisson Jr. stuck around. He’s seen the industry’s ups and downs in his 36 years working at Triad Financial Services, the third-biggest lender to buyers of factory-made houses in the U.S. The rock-bottom was in the early 2000s, when rival firms were getting fat on subprime loans. A Clayton Homes model home “I knew that would lead to disaster,” said Glisson, chief executive officer of Read the full story
EMERGING MARKETS
Mexico, U.S. may be heading toward NAFTA deal amid Trump’s global trade war
POLITICO
POLITICO
The apparent turnaround after months of stalemate is a surprise outcome of discussions reaching their year anniversary on Thursday. Read the full story
Mexico’s new president has a radical plan to end the drug war
Vox
Leftist President-elect Andrés Manuel López Obrador (AMLO) wants to end Mexico’s militarized drug war. Read the full story
Hospitals scrap surgeries, Venezuelans forgo showers as taps run dry
Reuters
At one of Caracas' biggest public hospitals, most bathrooms are closed. Patients fill jugs from a tiny tap on the ground floor that sometimes has a trickle of water. Operations are postponed or canceled. Read the full story
Payment seen unlikely on $1.1 billion in maturing Venezuela bonds
Reuters
Venezuela faces payments of $1.1 billion in interest and principal on two bonds maturing on Wednesday, but investors expect the cash-strapped nation to continue its pattern of no payments. Read the full story
Tencent Sends Emerging-Market Shares to Third-Worst Day of Year
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App EM Slowdown 'Closer to the End Than the Beginning,' Says GAM's Howard Investors were looking for contagion in all the wrong places. The travails of Chinese internet giant Tencent Holdings Ltd. matter more to emerging-market equities than Turkey’s turmoil, with hints that technology stocks stateside won’t be immune from this storm. Tencent’s unexpected drop in quarterly profit and reports that Chinese regulators have frozen approval of Read the full story
Metals Prices Rattled as Turkey Turmoil Triggers Emerging-Market Concerns
Investing.com
© Reuters. Copper fell sharply on Wednesday Read the full story
Emerging markets are about to suffer the consequences of dollar-denominated debt binges
Business Insider
Pedestrians walk past an electronic board showing currency exchange rates in Buenos Aires' financial district, Argentina, June 29, 2018. REUTERS/Agustin Marcarian Pedestrians walk past an electronic board showing currency exchange rates in Buenos Aires' financial district, Argentina, June 29, 2018. Emerging markets have engaged in a vicious cycle kicked off by cheap debt. But as the dollar rises, that debt is suddenly not so cheap. Through 2025, emerging market governments and companies face Read the full story
As emerging markets sink into bear territory, this one factor could be the tipping point
CNBC
Emerging markets have been ravaged by the bears. One trader says oil could trigger the next drop. Read the full story
MIDDLE EAST
Turkey says ready to discuss issues with U.S. without threats
Reuters
Reuters
Turkey is ready to discuss its ongoing issues with the United States as long as there are no threats, Foreign Minister Mevlut Cavusoglu said on Wednesday, amid a widening dispute between the NATO allies that has sent the Turkish currency plunging. Read the full story
Turkey’s closer ties to China ‘will be economic’ as Nato and EU retain share of loyalty
South China Morning Post
Suggestion by Turkish President Erdogan of shift to East overlooks strategic constraints – but China ‘may be only country to offer funds without preconditions’ Read the full story
Qatar to make $15B direct investment in Turkey
Fox News
FBN's Stuart Varney and Charles Payne on reports Qatar will invest $15 billion in Turkey. Read the full story
Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App President Recep Tayyip Erdogan has found a benefactor to help pull Turkey from the brink of a financial crisis as Qatar promised to invest $15 billion in the country. The lira extended gains to 6 percent after Qatar’s Emir Sheikh Tamim Bin Hamad Bin Al Thani made the pledge after a 3-1/2-hour meeting with Erdogan in Ankara on Wednesday. It follows a string of urgent steps Erdogan has taken to protect its economy from an escalating feud Read the full story
The crisis in Turkey is being caused by the US Fed, and we are only at the beginning
Business Insider
The US Federal Reserve's balance sheet since the 2008 crisis. The US Fed is unwinding its balance sheet, driving up the price of the dollar. This is the underlying cause of the Turkish lira crisis. Lots of countries, like Turkey, have external debt denominated in US dollars. The higher the dollar goes, the more expensive this debt becomes, and the closer we get to "contagion" in the shakier emerging markets. The Fed has only just begun. The chart above shows the value of everything on the US Read the full story
Palestinian president lashes out at US over Gaza situation
ABC News
Palestinian president lashes out at US over its proposals to alleviate dire humanitarian situation in Gaza Read the full story
Israel denies US author's account of interrogation
ABC News
Israel's domestic security agency denies threatening a prominent American author and questioning him about his politics during a recent visit Read the full story
Washington threatens Iraq with Iran's sanctions
August 16, 2018
WASHINGTON - The United States has threatened Iraq with sanctions similar to those it has imposed on Iran if it does not comply, in response to Iraqi Prime Minister Haidar al-Abadi's announcement to continue trade with Tehran.
The State Department sent a stern warning to the Iraqi government if it refused to comply with US sanctions against Iran, saying that violators of the sanctions regime could themselves be subject to sanctions. State Department spokeswoman Heather Neuert said Abadi's comments on continued trade with Iran, saying those who violated the sanctions regime could themselves be subject to sanctions.
"You know our warnings about Iran and trade with them, and we will continue to prosecute countries for any breach of the sanctions we are imposing against Iran," Nuerte told a news conference in Washington last night.
Abadi said on Monday that Baghdad was partly taking into account US sanctions against Iran and refusing to use the dollar in its dealings with Tehran. He pointed out that Iraq's decision on US sanctions against Iran does not mean "adherence to those sanctions." "Iraq's decision is not to deal with Iran in the currency of the dollar and not to abide by US sanctions against it," he said. "Iraq will abandon the dollar in its trade with Iran," he said.
The State Department sent a stern warning to the Iraqi government if it refused to comply with US sanctions against Iran, saying that violators of the sanctions regime could themselves be subject to sanctions. State Department spokeswoman Heather Neuert said Abadi's comments on continued trade with Iran, saying those who violated the sanctions regime could themselves be subject to sanctions.
"You know our warnings about Iran and trade with them, and we will continue to prosecute countries for any breach of the sanctions we are imposing against Iran," Nuerte told a news conference in Washington last night.
Abadi said on Monday that Baghdad was partly taking into account US sanctions against Iran and refusing to use the dollar in its dealings with Tehran. He pointed out that Iraq's decision on US sanctions against Iran does not mean "adherence to those sanctions." "Iraq's decision is not to deal with Iran in the currency of the dollar and not to abide by US sanctions against it," he said. "Iraq will abandon the dollar in its trade with Iran," he said.
The US Embassy issued an explanatory statement on Iraq's violation of sanctions against Iran
Thursday, 16 August 2018 02:04 pm
The US Embassy in Baghdad issued an explanation on remarks by US State Department spokeswoman Heather Neuert about Iraq's relationship with sanctions against Iran.
The embassy confirmed there was no violation of US sanctions against Iran.
The embassy said in an explanatory statement: "After reviewing the question and answer to the question and following up the subject with the Deputy Ambassador, the clarification of the subject is as follows:" In its response to the question referred to efforts to resolve outstanding issues between the Kurdistan Regional Government and the Government of Iraq " .
"Countries that violate sanctions will be held accountable," the statement said, referring to the partial sanctions on Iran.
"As you know, the sanctions are to deal in dollars with Iran, and as you know, the prime minister said that Iraq will not deal with the dollar with Iran, so there is no breach of sanctions," she said.
The US embassy in Baghdad, according to the statement: "The way the Iraqi media conveyed this news is inaccurate."
US State Department spokeswoman Heather Neuert commented on Prime Minister Haider Abadi's comments on continued trade with Iran, saying: "Violators of the sanctions regime can themselves be subject to sanctions."
Prime Minister Haider al-Abadi said on Monday that Baghdad partly respects US sanctions against Iran and refuses to use the dollar in its dealings with Tehran.
Last Thursday, the Central Bank of Iraq (CBE) notified commercial banks of a ban on dollar transactions with Iranian lenders under US sanctions. At the same time, the Central Bank of Iraq has not stopped using the euro in dealing with Iran, which, he says, depends on the requirements of the ECB and correspondent banks.
The United States has since last week imposed large-scale sanctions on Iran, which it had suspended earlier, after reaching a comprehensive joint action plan on Iran's nuclear program in 2015.
AFRICA
New Amnesty International leader's 1st move targets Zimbabwe
ABC News
ABC News
New Amnesty International leader's 1st move targets Zimbabwe, 'injustices of the past' Read the full story
New Amnesty International leader's 1st move targets Zimbabwe
ABC News
New Amnesty International leader's 1st move targets Zimbabwe, 'injustices of the past' Read the full story
Zimbabwe inflation sharply rises to 4,29pct in July
Source
HARARE, August 15 (The Source) – Zimbabwe’s consumer price inflation jumped by 1,38 percent to 4.29 percent in July, the national statistics agency said on Wednesday. On a monthly basis, the inflation rose 1.03 percentage points to 0.98 percent, Zimstats said. Read the full story
Zimbabwe: Market Slips Further As Political Uncertainties Continue
AllAfrica
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Zimbabwe: Aquaculture Export Volumes Down 12%
AllAfrica
(Photo: This Day) Zimbabwe's fish exports volumes declined 12 percent between February and April 2018 from the prior comparable period due to high business costs, official figures from the Livestock and Meat Advisory Council (LMAC) show. Commercial fish farming (aquaculture) in the country is still a small industry with only a few commercial farms currently operational. There are about six commercial fish farms with their own hatcheries in Zimbabwe, namely Lake Harvest Aquaculture (Pvt) Ltd ( Read the full story
ASIA
The world's biggest real estate market could be headed for disaster
Business Insider
Business Insider
A man walks outside a property agency featuring posters of the latest high-rise apartment buildings in Hong Kong February 13, 2015. The real estate market in China, which is the largest in the world, is slowing down. The government has placed restrictions on new home purchases, and will likely add more restrictions in the coming weeks and months. For the short-term, the outlook is going to be weak. The world's biggest real estate market is slowing down. And it's not because of failing subprime Read the full story
Bond Default in China May Signal Opportunity for US
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Asian Markets Mixed; Beijing, U.S. to Resume Trade Talks
Investing.com
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Asian shares hit one-year low on Turkey, China worries
Reuters
Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey's currency crisis and fears of an economic slowdown in China fanned worries about global growth. Read the full story
China sending trade envoy to Washington for talks
ABC News
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String of Chinese satellites to keep real-time watch on South China Sea to ‘reinforce national sovereignty’
South China Morning Post
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Chinese households feel the squeeze from falling stocks in struggle to preserve wealth
South China Morning Post
A survey finds that many individual investors are shunning stocks in favour of bonds, cash or overseas assets Read the full story
EUROPE
The UK is trying to rein in CEO pay. It isn't working
CNN Money\
CNN Money\
The median pay for chief executives of the 100 most valuable companies on the London Stock Exchange increased 11% last year to £3.9 million ($5 million). Workers got a 2% hike. Read the full story
Turkey's Erdogan and Germany's Merkel discussed to improve ties: Turkish presidential source
Business Insider
Turkish President Tayyip Erdogan attends a news conference in Ankara Thomson Reuters ISTANBUL (Reuters) - Turkish President Tayyip Erdogan and Germany's Chancellor Angela Merkel discussed bilateral ties and the situation in Syria during a phone call on Wednesday, a presidential source said. Erdogan and Merkel pledged determination to strengthen bilateral ties and discussed their planned meeting in Berlin at the end of September, the source also said. (Reporting by Tulay Karadeniz; Writing by Read the full story
The EU fears British spies have 'bugged' Brexit talks to obtain sensitive files
Business Insider
European Union officials reportedly believe the British secret service could have infiltrated secret Brexit talks to obtain sensitive information. The fears were raised after British negotiators obtained the contents of a "politically explosive" document "within hours" of them being shared among EU officials, a source told the Telegraph. The news comes as British negotiators head to Brussels to resume two days of Brexit talks. LONDON - EU officials fear they are being "bugged" by the British Read the full story
European stock markets pick up after losses in Asia
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What to watch as Brexit talks resume in Brussels
Axios
Anti-Brexit demonstrators gathered outside the Parliament, waving EU and UK flags, on July 23, 2018. The latest round of Brexit negotiations kicked off today in Brussels, with just two months to go before October's EU Summit — widely seen as one of the last feasible dates to secure a withdrawal treaty. Why it matters: Consensus has been reached on about 85% of the deal, per the NYTimes' Steven Erlanger, but several of the most contentious issues, including the Irish border dilemma and the U.K.'s Read the full story
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI closed on Friday and Saturday
Kauaihn Chatter:
http://www.dinarguru.com/
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!!
8-16-2018 Newshound Guru Kaperoni Concerns rise over the stability of the dinar. Todays market rate is reported at 1210 to $1. Dangerously close to falling out of IMF compliance. Some articles are even reporting 1212 to $1...Which is only 2 dinar from 1214 the max under the 2% rule.
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles posted on PM Abadi's website.
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ARTICLE 2
Tweets posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 8-17-2018 around 5:05 am Eastern
Iraq’s armed and security forces will continue to relentlessly pursue and target Daesh remnants in the border region with Syria, and in other parts of Iraq until this threat to our national security is completely eradicatedGovernment of IraqVerified account @IraqiGovt 8-17-2018 around 5:05 am Eastern
On orders of Commander-in-Chief PM @HaiderAlAbadi, Iraq’s Air Force launches airstrikes targeting a Daesh operations room in Syria where terrorists were planning attacks against Iraqi citizens. The mission was a success, and our fighter jets returned to base
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ARTICLE 3
Jubouri and MacGurk are discussing the results of the elections and the formation of the next government
2018/8/16 17:59
[Ayna-Baghdad]
Former Iraqi parliament speaker Salim al-Jubouri discussed with US President Bill McCormack the results of the elections and the formation of the next government.
A statement from his office received the agency of all Iraq [where] a copy of it today, "Jubouri, on Thursday, the envoy of US President Bert McCook in the presence of US Ambassador Douglas Suleiman, and during the meeting discussed the results of the legislative elections after the end of the process of counting and sorting by hand, Political and understandings about the shape of the next government and its role in reaching a unified vision that fulfills the ambitions and aspirations of the Iraqi people.
"The next stage requires all political forces to shoulder their responsibilities by giving priority to the country's highest interest through understandings leading to the formation of a strong government that includes everyone without preconditions," Jubouri said.
He added that "the political scene is witnessing intense movement and intensive by all parties, which we hope through the ongoing meetings to reach an agreement contributes to the crystallization of the form of the new government, which we hope to meet the aspirations of the country and its children."
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ARTICLE 4
Barzani: We are not with the postponement of the regional elections
2018/8/16 20:11
[Ayna-Baghdad]
The head of the Kurdistan region Massoud Barzani, on Thursday, his support for the holding of parliamentary elections in the region to be held on the 30 of next September.
"Our struggle against dictatorships is not a war between the Arabs and the Kurds," Barzani said in his speech marking the anniversary of the founding of the Democratic Party.
He added that "the Democratic Party and the National Union agreed to go to Baghdad with a joint delegation, and I call on the rest of the parties to unite and join this agreement."
On the elections, explained Barzani, "The Kurdistan Democratic Party does not support the postponement of the elections of the Parliament of Kurdistan in any form," noting: "We support taking all necessary to hold fair elections."
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ARTICLE 5
Justice announces the execution of six convicted
2018/8/16 13:20
[Ayna-Baghdad]
The Ministry of Justice announced on Thursday the execution of six criminals this week. "The defendants have been found guilty of violating the sanctity of Iraqi blood, and after their verdicts have been obtained by the republican decrees after their signature by the president of the republic, and the approval of the public prosecution for the completion of the fundamental measures to implement these provisions and according to the law," the ministry said.
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ARTICLE 6
The opening of a tourist hotel in Ramadi
2018/8/17 12:31
[Where - Continue]
The first hotel in the city of Ramadi, the center of Anbar province, was opened to welcome tourists and guests, with great welcome and praise from the citizens.
The hotel is called [Rose Plaza] and is located on one of the main streets of Ramadi. "The city of Ramadi has become a place for visiting press, political and sports delegations, so the opening of this hotel is very necessary," said Mustafa Adnan, 39, a year old.
Omar Jassim, 35, said that "building this hotel is a step towards the right direction and a move towards a civilized civil society."
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