Thursday, August 2, 2018

WOTS Tuesday 7/31/18

WOTS Tuesday 7/31/18


WOTS Tuessday 7/31/18:
 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,164.9000  1,216.1000 1,164.9000 1,164.9000 1,164.9000  0.0000 20:00
 USD/VND  23,248.0000  23,318.0000 23,248.0000 22,863.4000 22,863.4000  384.6000 03:17
 USD/CNY  6.8330  6.8350 6.8339 6.8050 6.8050  0.0280 06:39
 USD/KWD  0.3021  0.3031 0.3024 0.3014 0.3024  -0.0003 06:39
 GBP/USD  1.3160  1.3161 1.3161 1.3114 1.3135  0.0025 06:39
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  14,415.0000  14,429.0000 14,435.5000 14,394.0000 14,399.1000  15.9000 06:28
 
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DC NY Iraq Articles:dd
 
L-Sistani warning accelerates mobility the largest bloc
 
 
Nigirvan Barzani in Baghdad to «feel the pulse» Abadi
Tuesday, 31 July 2018 AD Issue Number [14490]
Baghdad: Hamza Mustafa Arbil: Ihsan Aziz
The winning political blocs in the Iraqi elections rushed to form the largest parliamentary bloc that will cost the formation of the next government, following warnings sounded strongly by the supreme Shiite cleric in Iraq, Ayatollah Ali al-Sistani during the Friday sermon on accelerating the formation of the government and giving it the green light For demonstrators to diversify their protest methods. 

A source close to the negotiations blocs to «Middle East» that «the opening bloc led by Hadi al-Amiri and the rule of law led by Nuri al-Maliki have made important progress now on the formation of the largest bloc». 

The Prime Minister of the Kurdistan Regional Government, Nigirvan Barzani, arrived in Baghdad yesterday on a surprise visit and met upon his arrival Prime Minister Haider Abadi. 

For his part, said Shawan Mohammed Taha, official of the fifth branch of the Kurdistan Democratic Party, led by Massoud Barzani, that the goal of the visit is to «pulse pulse» Abadi in resolving the administrative problems between Baghdad and Erbil, adding to «Middle East»: «We want solutions of a practical nature To the differences between Baghdad and Erbil, and thus become a road to political understandings ».
 
 
Fitch Ratings International said it kept its rating of Iraq unchanged at B- 
http://m.thebaghdadpost.com/ar/Story/115216
 
31/07/2018
 
Fitch said in a statement that it affirmed its long-term risk rating for foreign currency default at "B-" which means high risk. 

The classification of Iraq was constrained by weak governance, high political risk and the uncooperative banking sector. 

The Iraqi economy and its banking sector face risks associated with the political and security tensions that have plagued the country since 2003. 

Fitch said that Iraq still faces political risks and insecurity among the highest levels faced by any sovereign body classified by the institution. 

"This reflects not only political instability, but corruption and inefficiency of the government and weak institutions," he added. 

However, most of the oil production facilities and export infrastructure are located far from the areas that have the highest security risks, according to Fitch. 

Iraq, the world's second-largest oil exporter, relies on oil revenues to finance up to 90 percent of state spending. 

Fitch added that high oil prices helped to reduce the budget deficit significantly last year, with the deficit shrinking to 2.3 percent of GDP from 13.9 percent in 2016, while the government will earn oil revenues much larger than was assumed in the budget for 2018.
 
 
Rafidain launches a new meal from his predecessor to the staff
 
 
Release Date: 2018/7/31 8:12 • 169 times read

{Baghdad: Al-Furat News} Rafidain Bank launched a new meal of the advance of employees of the state departments, which ranged between five and ten million dinars through electronic payment tools.
 
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it, that "a new batch of advances of State Department employees to 2657 employees." 
The statement said that "the payment of this advance was by informing the employee 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 have been filled with the financial balance.
 
$ 40 billion Iraqi revenues in 6 months
 
 
Tuesday, July 31, 20183:42 AM  admin   
Baghdad/ Iraq TradeLink: Iraqi oil ministry announced achieving 40 billion dollars during the first half of this year, 2018 from oil exports.The sources said that this figure is above by 13 billion dollars in comparison with the last year, 2017.It is expected that Iraq will achieve higher figures in the second half of this year, the sources added.
 
 
Baghdad Kurdish talks disclosed, Njirvan Barzani
 
 
Tuesday, July 31, 2018 4:01 AM  admin   
Baghdad/ Iraq TradeLink: Kurdish premier Njirvan Barzani disclosed the most important matters discussed with Premier Haidar al-Ibadi.
In a press conference, he pointed that the Kurds have no veto against any political bloc, confirming that the most important matter is “the formation of bloc that will preserve the interests of the Iraqi people”.

He stressed that the new bloc should provide services and work opportunities to Iraqi people, as well as reviving the Iraqi economy.

We tackled many issues some related to the relation between Baghdad and the region, including opening the highways connecting Arbil with Kirkuk and Duhuk with Mosul”, he elaborated.

On the other hand, media reports said that the return of the Kurdish Peshmarga to Kirkuk and the restoration of the governor’s post to the Kurds, as well as finalizing the question of the disputed areas according to Iraqi constitution were the main topics in the talks with Premier Ibadi.

Barzani arrived here yesterday, Monday, in unannounced visit.

Watch: PKK, Turkish Army Clash on Kurdistan Border

ERBIL - The Kurdistan Workers' Party (PKK) fighters and Turkish army clashed on Monday night in the mountainous border areas of the Kurdistan Region.
The clashes erupted in the Sidakan area of Kurdistan's Erbil province at around 8:30 pm local time, where the Turkish army was also backed by helicopters shelling the region, according to Kurdistan 24.
The news agency added that the military conflict caused panic among the residents, and that they therefore were not coming out of their houses.
Ankara has lately launched an air and ground military campaign against the Kurdish armed group in the Kurdistan Region border areas as both sides are in a military confrontation over the rights of Kurds in Turkey for more than three decades.http://www.alquds.co.uk/?p=984544
 
Kauaihn Iraq Articles:dd
 
 
The UN stresses the formation of an Iraqi government with these standards
 
 
Date of release: 2018/7/31 12:38 • 112 times read

Baghdad: Al Furat News} The United Nations Mission in Iraq has stressed the formation of a comprehensive and pro-reform Iraqi government capable of meeting the demands of citizens and respond to their aspirations.
 
Secretary-General of the Council of Ministers Mahdi Al-Alak received today in his office the head of the United Nations Mission in Iraq, Jan Kubic," the statement said. 
During the meeting, visions were exchanged regarding the upcoming government reforms and ways to achieve development and economic progress in order to achieve stability in Iraq." 
During the meeting, the Secretary-General invited Kubic to participate in the investment conference to be held in mid-August. 
In a separate context, the Secretary-General, according to the statement, the Iraqi government's keenness to deal positively to respond urgently with the demands of protesters, and manifested through the package of procedures issued by the Prime Minister, most notably the formation of service and security committees and determine the needs of the provinces of services. 
We need to accelerate the formation of a new, inclusive and pro-reform national government that will be able to meet citizens' demands and respond to their aspirations to boost economic performance, create jobs, improve services, fight corruption and work towards long-term solutions," he said. d
 
URGENT Ministry of Interior announces important decision on foreign missions in Iraq
Release date: 2018/7/31 9:21 • 505 times prescribed
(Baghdad: Al Furat News) The Ministry of the Interior issued an important decision regarding the diplomatic missions and consulates and the organizations and agencies of the United Nations operating in Iraq.
The Interior Ministry spokesman Major General Saad Maan said in a statement received by the agency {Euphrates News} a copy of it, "the issuance of an order from the Ministry to the Directorate of Civil Status, Passports and Residence provides for the exemption of all staff of diplomatic and consular missions and organizations and agencies of the United Nations working in Iraq from the Financial or ticket} provided for in Article (18 / III / B) of the Foreign Residence Act No. 76 of 2017 ". 
Maan said that "this matter is because the above mentioned are not covered by the provisions of the said law on the basis of the provisions of paragraph {b} of Article {III} of Article {1} which stipulates that the provisions of this law shall not apply to: b) Heads of diplomatic and consular missions and their staff Authorized and non-accredited officials who are in fact responsible for their family members, taking into account the principle of reciprocity provided that they are provided with special identities from the Ministry of Foreign Affairs. "
Britain renews its support for Kurdistan and defend its rights under the Iraqi constitution
31-07-2018 01:32 PM
The British Consul General in the Kurdistan region Martin War, said Tuesday that his country will continue to support the Kurdish people, and Peshmerga forces in the region . 
The role of the Peshmerga is very important in the Kurdistan region," War said in a ceremony during the graduation ceremony of 31 members of the Peshmerga .
He added that 'Britain and the rest of the coalition and the Kurdistan Regional Government is continuing in the project to reorganize the Peshmerga forces '.
"Britain will continue to support the Kurds and the Kurdistan region and defend their rights in the Iraqi constitution because we believe that the Kurdish people deserve more services and security," he said, adding that Britain would continue to cooperate and help the Peshmerga.
 
Economist: Maliki stole 6 billion dollars and oil minister cover up
 
 
 
Last updated: 31 July 2018 - 1:14 PM
 
BAGHDAD / The economic expert Mazen al-Ishaqir, Tuesday, July 31, 2018, Oil Minister Jabbar al-Allaibi to "cover up" the file of corruption contract refinery Karbala oil, indicating that this comes to "protect" former Prime Minister Nuri al-Maliki. Al-Ishaqir said in a press statement today that "the Ministry of Oil signed with three Korean companies and in the presence of former Prime Minister Nuri al-Maliki to establish the refinery of Karbala oil with a total value of six billion dollars." He said that "the project is still languishing because of corruption, "Noting that" the project estimated between 3 - 3.5 billion dollars, but put the amount of six billion "The three companies entered the contract by 33% for each company," he said. "The current oil minister refuses to disclose the details of the contract in order to protect al-Maliki."
 
 
Iraq buys hundreds of Russian tanks
 
 
Revision date: 2018/7/31 10:39 • 787 times read

International: Euphrates News} Russian reports revealed, the purchase of Iraq to hundreds of tanks from the Russian Federation.
 
The new BMP-3 combat vehicles, which will be supplied by the Iraqi army at the Kurgan Russian machinery factory, were also spotted. 
Experts concluded that this was due to the sand color of the vehicles. 
The first images of the vehicles were posted online. 
Defense Blog wrote that from some sources Iraq had requested hundreds of new BMB-3 combat vehicles and about 300 vehicles would be delivered to Iraq from 2018 to 2022. 
The Iraqi army will receive an improved version of the BMB-3 combat vehicles and an additional protection system. The new BMB-3 has a greater firepower and protection for its higher combat efficiency. 
The BMB-3 is one of the most well-equipped combat vehicles equipped with a 100-mm 70-mm cannon, guided anti-tank missiles and three PKT machine guns.


Iraq's new ambassador to Khartoum, Dr. Hassan al-Amiri, on Monday presented a copy of his credentials to Sudanese Foreign Minister Dr. Dardari Mohammad Ahmed.
 
 
Tuesday 31, July 2018 01:00 pm
 
The Foreign Minister welcomed the new Ambassador of Iraq to the Sudan and wished him success in fulfilling his duties. He assured him of the readiness of the Ministry and all State institutions to cooperate with him and facilitate his mission.  For his part, the Iraqi ambassador expressed his pride in working in Sudan, stressing the strong relations between the peoples of the two countries. Al-Amiri is to present the origin of the papers to President Omar Al-Bashir to take up his duties as Ambassador Extraordinary and Plenipotentiary to Sudan.
 
Electricity Ministry Denies Saudi Solar Power Deal 
 
Iraq, July 31, 2018 
The spokesman for the Ministry of Electricity, Dr. Musab Sari al-Mudaris [Mussab Serri al-Mudaris] (pictured) has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia.
 
He said the statement from the news agency is incorrect.
 
Bloomberg had cited Mudaris as saying that Saudi Arabia agreed to build a 3,000-megawatt solar power plant in Saudi Arabia and sell the electricity to Iraq at $21 per megawatt-hour, a quarter of what it paid Iran for the imports.
 
Iran recently stopped supplying electricity to Iraq due “the accumulation of debts owed by Baghdad“.
 
d
 
Kauaihn Economic Times:
 
ECONOMIC TIMES / CHATTER

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GLOBAL/NEWS/INFO

Here's the biggest news you missed this weekend
USA TODAY
A raging fire grows near Redding, California, Trump threatens a shutdown and more of the biggest news you missed this weekend. Read the full story

Should you fire your financial advisor? 6 signs that it’s time
USA TODAY
Not all advisors are created equal. Here's how to know when you ought to let yours go. Read the full story

45% of Middle-Aged Americans Would Rather See the Dentist Than Meet With a Financial Advisor
The Motley Fool
Financial advisors are here to help. So why do so many people avoid them like the plague? Read the full story

Trying to change yourself is a waste of time, and if you want to be richer, wake up earlier, or quit smoking already, there's an easier way
Business Insider
The whole idea of change is an arbitrary construct. When we try to reinvent ourselves, we get our identities involved and things get emotionally turbulent. The trick to changing any habit is to recognize that you control your identity. Why can't you change yourself? Because the whole idea of change is an arbitrary construct. It's something you just made up to make yourself feel good (or bad). Yesterday, I hadn't written this article. Today, I have. Did I change? Both yes and no are correct Read the full story

Trading money for happiness
CBS News
A fancy car, a new wardrobe, an iPhone X - just a few of the things that money can buy. But can cash bring contentment? Susan Spencer talks with a man who chucked his six-figure salary as a globe-trotting investment banker to take a job as a Dallas fireman. (This story originally aired on April 15, 2018) Read the full story




OIL/COMMODITIES/ENERGY
Gold is having an ugly year, but ‘this bloodbath is leading to a buying opportunity’
Gold has lost nearly 8 percent in three months and 11 percent from its 2018 high as the U.S. dollar has gained ground against foreign currencies. But this bloodbath is leading to a buying opportunity, Blue Line Futures' Bill Baruch says.

Gold steady ahead of US monetary policy meeting
Gold steadied on Monday ahead of a meeting of the U.S. Federal Reserve this week which could yield clues to the future direction of U.S. interest rates and the dollar.

Gold on track for 3rd straight loss as bond yields climb
MarketWatch
Gold trades little changed early Monday, and threatens to post a third straight decline, as the precious metal encounters some resistance amid rising U.S. government bond yields, even as the dollar softens. Read the full story

Gold prices steady; central bank meetings, US data loom
Gold prices were little changed on Monday, with major currencies including the dollar in a holding pattern ahead of key central bank meetings and U.S. data this week.
The world's largest solar farm rises in the remote Egyptian desert
Los Angeles Times
In 1913 on the outskirts of Cairo, an inventor from Philadelphia named Frank Shuman built the world’s first solar thermal power station, using the Read the full story

Oil prices edge higher but trade row caps gains
Oil rose on Monday as investors remained cautious over the supply outlook, although the fallout from global trade tensions limited price gains.

Oil starts week with gains in ‘pretty volatile’ market
MarketWatch
Oil prices trade higher on Monday to start the week, as investors gauge the relative influence of a spate of bullish and bearish factors. Read the full story

Oil prices mixed; WTI gains after strong US growth figures
Oil prices were mixed on Monday, with WTI rising on the back of strong U.S. economic growth figures.

BANKS/BANKING/CREDIT 
Deutsche Bank shifts large part of euro clearing to Frankfurt from London
Deutsche Bank has moved a "large part" of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday.

Deutsche Bank is shifting business out of London — and it hints at a troubling post-Brexit future for a $1 trillion industry
Business Insider
Bad news for the City of London? Russell Boyce/Reuters Deutsche Bank is moving close to half of its euro clearing volumes from London to Frankfurt, according to the Financial Times. It's a blow to the City of London, which is at risk of declining as a global financial centre post-Brexit. Eurozone financial bigwigs argue euro clearing should take place within the euro area. Britain's vote to leave the EU has revived and strengthened these arguments. LONDON - Deutsche Bank has executed plans to Read the full story

UK banks are preparing billions in emergency lending to support the economy under a no-deal Brexit
Business Insider
The Army is on standby to deliver food, medicine, and fuel. Big banks are ready to lend money to UK businesses in order to prop up the economy in the event of a no-deal Brexit. The bank lobbying body, UK Finance, said it was ready to help coordinate lending as it did following the collapse of Carillion and Monarch Airlines, The Telegraph reported. Ministers have drawn up contingency plans for a no-deal exit from the EU and have put the Army on standby to deliver food, medicine, and fuel. LONDON Read the full story

Angola Postal Bank avails AKz 40 million for informal trade
FurtherAfrica
At least 40 million Kwanzas are available at Postal Bank to support informal traders to boost their activities and move to the formal market. Read the full story

South Africa’s Biggest Bank Heist Leaves Trail of Destruction
Bloomberg
Non-stop business knowledge Get more on The Bloomberg App South Africa’s biggest bank heist took place without a single shot being fired. Thieves armed with explosives and assault rifles attacked dozens of armored vehicles delivering cash to the country’s lenders last year, stealing hundreds of millions of rand. They’ve allegedly been outdone by five bankers accused of siphoning off at least 1.5 billion rand ($114 million) from VBS Mutual Bank. The collapse of the seventh-smallest of South Read the full story

6 financial mistakes that are ruining your credit
USA TODAY
Most people have done at least one of these things. Read the full story

TREASURIES/BONDS/STOCKS
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

Wall Street is still under pressure as July draws to a close
Despite a 2.5 percent drop over the past two trading days, the Nasdaq's 12.1 percent year-to-date gain is still more than double that of the S&P 500.

US Treasury yields edge higher ahead of economic data
U.S. government debt prices dipped into negative territory on Monday.

These 5 ‘slam dunk’ market predictions don’t seem like slam dunks anymore
MarketWatch
August may ultimately put a lethargic summer stamp on the news flow, but the pace of last week’s developments, led by Facebook’s meltdown, doesn’t look like it will slow in the coming days. Not with high-profile earnings from Apple and Tesla, the Fed meeting, whatever Trump does next, etc. all stacking up on the docket. Read the full story

Are you ready for the next recession? How to prepare now for a potential downturn
USA TODAY
The idea of preparing for a recession probably sounds unpleasant at best and impossible at worst. After all, it’s hard to know when or why the next one will hit. But there are ways to recession-proof your finances – and these same steps make it easier to weather personal money difficulties, too. Read the full story


CRYPTO'S / DIGITAL CURRENCYBitcoin Survey Reveals Huge Price Growth Potential
Forbes Magazine
 
Despite all the hype around bitcoin, there's still plenty of people yet to get on board... Read the full story
 
Bitcoin Bounces As Traders Seek Silver Lining In SEC Rejection
Investor's Business Daily
 
Cryptocurrency traders don’t know who to believe in the long-running battle to create an exchange traded fund that invests in Bitcoin. Read the full story
 
Bitcoin's Price Needs Move Above $8,350 to Regain Bull Bias
CoinDesk
 
Bitcoin bulls could make a strong comeback if prices find acceptance above the key resistance at $8,300. Read the full story
 
Monero-Style Privacy Is Ready for Ethereum – Who Will Implement It?
CoinDesk
 
A new white paper contends that monero-style privacy can be implemented on ethereum without much work. Read the full story
 
Neomam imagines what crypto could look like in the physical form
Designboom
 
neomam has developed these 10 physical bank notes to illustrate the major players in the financial tech industry and how their infrastructure could play a major role in everyday life in the near future. The post neomam imagines what cryptocurrencies could look like in physical form appeared first on designboom | architecture & design magazine. Read the full story



CURRENCIES
American Express purposefully jacked its FX prices for small businesses without telling them, according to a new report
Business Insider
Current and former employees said that American Express targeted small and medium-sized businesses with the practice. A new report by the Wall Street Journal alleges that American Express lured small companies into attractive foreign exchange deals, then later jacked the rates. The logic, according to the Journal, was to increase AmEx's profits without making their clients aware. Sources said the company chose smaller clients because they were less likely to watch exchange rates closely and Read the full story

How the US and China's monetary policies differ
The way China manages its monetary policy is so at odds with the U.S. that investors are keeping a much closer eye on Beijing.

Big week for currency markets as central banks meet
Major currencies stuck to familiar ranges on Monday as investors shied away from taking out big positions ahead of a flurry of crucial economic data and central bank monetary policy meetings this week.

Dollar slips ahead of busy week for central banks
MarketWatch
The U.S. dollar weakened against a basket of its major rivals on Monday, as traders prepared for a week filled with monetary policy updates from Japan, the U.S. and the U.K. Read the full story

Forex - Dollar Little Changed Ahead of Central Bank Dominated Week
Investing.com
© Reuters. Dollar little changed ahead of central bank dominated week Read the full story

Dollar treads water as key central bank meetings loom
The dollar trod water against its peers on Monday, as market participants awaited key central bank meetings, which could set the near-term course for currencies.

No, China is not weaponising the yuan in its trade war with the US
South China Morning Post
A policy of deliberate depreciation on Beijing’s part would risk a feedback loop of capital outflows and runaway currency weakness which would have grave repercussions – both within China and abroad Read the full story


INSURANCE / HEALTH / SCIENCE
Inflammation inhibitor delivered directly to kidneys reverses course of destructive nephritis
SCIENMAG
Credit: Phil Jones, AU Senior Photographer AUGUSTA, Ga. (July 30, 2018) - Using a manmade version of a human antibody to directly deliver a drug that inhibits a powerful driver of inflammation, can reverse a disease course that often leads to kidn.. Read the full story

Drug Reverses Gray Hair, Balding and Skin Damage in Mice
Newsweek
Scientists reversed signs of aging caused by a Western diet high in fat and cholesterol. Read the full story

Study: "Medicare for all" plan touted by Sanders to cost $32.6 trillion
CBS News
The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care Read the full story

Hong Kong could become biotech listing hub, says BeiGene boss as Chinese drug maker gears up for US$1 billion flotation
South China Morning Post
The cancer treatment firm is the first to seek a secondary listing in the city since the bourse overhauled its rules in a bid to attract big technology companies Read the full story

Global Health Community Says The U.S. Is Picking Big Business Over Patients Again
HuffPost
The global health community has once again found itself in a familiar ... Read the full story

From Ritz crackers to McDonald's salads, food recalls — and safety questions — are on the rise
CNBC
Approximately one in six Americans get six every year from eating contaminated foods, according to the Centers for Disease Control and Prevention. As the number of recalls rises, so do questions about U.S. food safety. Read the full story

Cigna's CEO says that the problem with healthcare in America has nothing to do with employers
Business Insider
The CEO of health insurer Cigna, David Cordani, says the problem with America's healthcare system is that most of the money is being spent on intervention after people already are sick. Cordani believes we need to spend more money and resources keeping people healthy in the first place. Cordani says that it makes sense for Americans to get health insurance through their jobs. He argues that employers have a vested interest in keeping employees healthy. Following is a transcript of the video. Read the full story

Brianna Lost 100 Pounds in 1 Year by Drinking This Every Single Day
POPSUGAR
After gaining 70 pounds during her pregnancy, Brianna Bernard's goal was to lose the baby weight, but she ended up losing way more! Find out how this 32-year-old mom lost 107 pounds in just one year, which inspired her to become a personal trainer and nutrition coach so she could help others become ... Read the full story

A leading medical institution created a simulation that shows how a new disease could kill 900 million people — and it reveals how unprepared we are
Business Insider
The executive committee to advice the President meets to discuss Clade X. Johns Hopkins Center for Health Security The Clade X simulation, created by the Johns Hopkins Center for Health Security, shows how vulnerable the world is to the spread of a pandemic virus. In that simulation, political experts from the US tried to figure out how to respond to the emergence of a new and deadly disease. Despite being a "moderately contagious" and "moderately lethal" virus, at the end of the day - 20 months Read the full story



USA/CANADA
Economic Calendar: Top Things To Watch
Investing.com
Economic Indicators Jul 30, 2018 08:03 GMT Investing.com - Earnings are due out from Caterpillar (NYSE:CAT) (Mon.), Apple (NASDAQ:AAPL) (Tues.), Tesla (NASDAQ:TSLA) (Weds.), Cigna (NYSE:CI) (Thurs.) and Kraft Heinz (Fri.). The Bank of Japan meets Monday and Tuesday. No change in policy is expected. On Tuesday, look for reports on personal income and spending, consumer confidence and the S&P/CS Home Price Index. Weekly oil inventory reports are released by the API (Tues.) and the EIA (Weds.). The Read the full story

Russia has been offloading its US debt holdings at breakneck speed--but here's what's behind it
The Russian government, previously considered a "major" holder of U.S. debt, has sold the vast majority of its holdings of U.S. Treasury securities.

Pricier soda, more expensive food: How tariffs may hit your wallet
CNBC
The Trump Administration tariffs have been in place for several weeks. Will the trade war cost you more for the things you buy? “Absolutely, you’re going to see higher prices passed on to consumers.” a former U.S. trade official tells CNBC’s On The Money, in a recent interview. Read the full story

Kudlow defends tariffs on China, wants to avoid EU duties
POLITICO
"China has not played by the rules," he added. Read the full story

Trump's top economic adviser doubles down on tariffs
CNN Politics
Top White House economic adviser Larry Kudlow expressed support Sunday for President Donald Trump's enthusiastic pursuit of tariffs on China, saying that so long as tariffs are "targeted," the actions are valid. Read the full story

Deadly Northern California wildfire rages largely unchecked
CBS News
The National Weather Service on Sunday forecast hot and dry conditions in the area, with wind gusts expected late in the afternoon Read the full story

Trump tweets he'd 'shut down' government if Democrats don't fund US-Mexico wall
Fox News
President Donald Trump said on Sunday that he would be willing to shut down the federal government if the Democrats do not accede to Republican demands about funding for a wall along the U.S.-Mexico border. Read the full story


EMERGING MARKETS
Brazil’s National Symbol Is Disappearing in the Wild
Great Big Story
These furry fellows are golden lion tamarins at Santa Ana Zoo. Native to the southeastern coastal forests of Brazil, their signature feature is a silky, gold coat and long mane. In the 1970s, only a couple hundred tamarins were left in the wild due to habitat loss and the pet trade. Today, conservation efforts have been in effect around the world to support their populations. Read the full story

As Venezuela crumbles, its fleeing citizens are becoming Latin America’s new underclass
The Washington Post
Venezuelans facing an economic crisis often wind up exploited or in menial jobs. Read the full story

Canada to join Mexico, Japan, South Korea and the EU in auto tariff talks
CBC News
Canada will join Mexico and European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Read the full story

Emerging markets should welcome low-cost private schools
The Economist
MORE than 250m children in developing countries are not in school. Those who do attend often fail to learn anything. According to one study of seven African countries, primary-school pupils receive less than two-and-a-half hours of teaching each day; teachers are absent from class about half of the time. Read the full story
As emerging economies bring their citizens online, global trust in internet media is changing
Salon
There are divisions among internet users in different countries Read the full story

As Venezuela crumbles, its fleeing citizens are becoming Latin America’s new underclass
The Washington Post
Venezuelans facing an economic crisis often wind up exploited or in menial jobs. Read the full story

Puerto Rico’s territorial status is at the center of its challenges
PBS NewsHour
Hurricane Maria exacerbated many of the difficulties that Puerto Rico was already facing, including a long-running debt crisis, unemployment and housing shortage. NewsHour Weekend’s Ivette Feliciano, who has been reporting on Puerto Rico, joins Hari Sreenivasan to explain why many of those issues are rooted in the island’s status as a U.S. territory and what that means for its future. Read the full story

Puerto Rico mayor: Territory's profile has grown since hurricanes
The Hill
Puerto Rican officials are encountering more sympathy from Washington since two hurricanes devastated the island in September, according to the mayor of Ponce, the island's second largest city. Read the full story


MIDDLE EAST
A new deal is the only way for the US and Iran to move forward
TRT World
A new deal is the only way for the US and Iran to move forward Read the full story

Iran's currency plunges to record low as US sanctions loom
Aljazeera
Iran's currency has plunged to another record low, dropping past 100,000 rials to the US dollar, as Iranians brace for August 7 when the United States is due to reimpose the first batch of sanctions on their economy. In May, Washington pulled out of a landmark 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear programme. The US government decided to reimpose sanctions on Iran upon its withdrawal, accusing it of Read the full story

2 Italian artists leave Israel after arrest over mural
ABC News
2 Italian artists, arrested for painting mural on West Bank barrier of teen Palestinian protest icon, leave Israel Read the full story

Trump's trade war just sank a $2 billion investment for a top Russian steelmaker
Business Insider
MMK, one of Russia's largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars. The project - the re-launch of hot-rolled steel production at its Turkish site - was expected to add between $90 million and $100 million to MMK's core earnings. The MMK Metalurji complex, located near Iskanderun on Turkey's Mediterranean coast and in Istanbul, was built by MMK between 2007 and 2010, at a cost of over $2 billion. Now MMK has put Read the full story

As U.S. pushes for Mideast peace, Saudi king reassures allies
Reuters
Saudi Arabia has reassured Arab allies it will not endorse any Middle East peace plan that fails to address Jerusalem's status or refugees' right of return, easing their concerns that the kingdom might back a nascent U.S. deal which aligns with Israel on key issues. Read the full story
AFRICA
Malawi: CDF Most Abused Development Fund - 'DCS Have No Control On Management of the Funds'
AllAfrica
The Constituency Development Fund (CDF) is the most abused community development fund, Twambilire Mwabungulu District Civic Education Officer at the National Initiative for Civic Education (NICE) Trust in Mulanje has said. Mwabungulu made the observation at the District Executive Committee (DEC) meeting on Friday when he made a presentation on the the Public Expenditure Tracking (PET) initiative the organization is doing. "The evaluation that we did on how the Constituency Development Fund (CDF) Read the full story
Malawi: Mutharika Says BRICS Summit Beneficial to Malawi
AllAfrica
President Arthur Peter Mutharika has described his trip to 2018 BRICS Summit as beneficial to Malawi's infrastructural development. BRICS - an economic bloc comprising Brazil, Russia, India, China and South Africa - Summit ended at the Sandton Convention Centre in Johannesburg on Friday evening. The three-day summit brought together leaders who represent 40% of the world's population and 22% of the world's GDP. Speaking to journalists on Sunday, Mutharika said BRICS has a New Development Bank ( Read the full story
South Africa: What BRICS Leaders Should Have Talked About
AllAfrica
As they met in Johannesburg, BRICS leaders should have addressed the many human rights issues that prevail in their respective countries. South Africa hosted the 10th annual BRICS Summit last week, which saw heads of state, leaders, business and civil society organisations from Brazil, Russia, India, China, South Africa as well as other countries converging on Johannesburg. On the agenda this year, BRICS leaders focused on the economy, development, peacekeeping, health and industrialisation Read the full story
Angola government to regulate sale of maize and beans
FurtherAfrica
The Ministry of Agriculture and Forestry has recently submitted some legal tools for the appreciation of the Council of Ministers in order to regulate the sale of maize and beans in the country. Read the full story
This South African company bet on Tencent in 2001. It paid off massively
CNN Money
Naspers paid $32 million in 2001 for a major stake in Tencent. The bet has paid off massively for the South African company. Read the full story
Tanzania: Stiegler's Gorge Water Project Nears Completion
AllAfrica
AS Tanzanians wait with bated breath for the implementation of the mega Rufiji Hydroelectricity Project at Stiegler's Gorge, the Ministry of Water and Irrigation has said it is currently finalising its ambitious venture to supply clean and safe water to the site. The 604.9m/- project, which is implemented through the Dar es Salaam Water and Sewerage Authority (DAWASA), is 80 per cent complete and is expected to be accomplished by August 15, according to DAWASA Acting Chief Executive Officer, Dr Read the full story
Mozambique: Eradicating Leprosy a Complicated Task
AllAfrica
Nampula Province, Mozambique It takes Faurito António, 42, from Lalaua district, Nampula Province, two hours to reach his nearest health centre in order to receive the drugs necessary for his treatment of leprosy. António, whose foot has become affected by the muscle weakness that occurs when leprosy goes untreated, says this long walk while ill is the reason why many don't continue treatment - which can take between six to 12 months. "There are people who drop out of treatment for alleged Read the full storyRobert
Mugabe rejects ruling party in Zimbabwe election
Zimbabwe's ex-president Robert Mugabe gives surprise press conference on the eve of the nation's elections. In a surprise address to the nation after months of silence, Zimbabwe's former leader Robert Mugabe emerged just hours before today's historic election declaring that "I will not vote for those who have illegally taken power" and turning his back on the ruling party he long controlled. Slow and rambling, the 94-year-old Mugabe spoke to reporters with bitterness about his dramatic removal Read the full story
Zimbabwe's Rickety Trains Get A Boost From Expat Investors Next Door\
NPR
Zimbabweans living in neighboring South Africa are injecting capital into a railway revamp — but much more is needed to get the country back on its feet. Read the full story
Zimbabwe's Rickety Trains Get A Boost From Expat Investors Next Door
NPR
Zimbabweans living in neighboring South Africa are injecting capital into a railway revamp — but much more is needed to get the country back on its feet. Read the full story



ASIA
China tempts Britain with free trade, says door to US talks open
China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington.

Stock markets across Asia slip, led by Hong Kong
MarketWatch
Asian stock markets largely dropped in early trading Monday following declines on Wall Street on Friday. Read the full story

BMW will hike prices on 2 US-manufactured SUVs in China to cope with tariffs
BMW said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world's biggest auto market.

Asian stocks set to edge lower, tracking Wall Street's declines; Bank of Japan in focus
Asian stocks were set to open lower on Monday, with focus this week expected to be on the Bank of Japan.

China mobilises 60,000 firms to buy foreign goods ahead of import fair to prove its markets are open
South China Morning Post
As trade war with the US intensifies, companies are being told to spend big before the expo to be held in Shanghai in November Read the full story

Exclusive: China eyes infrastructure boost to cushion growth as trade war escalates - sources
Reuters
China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the Sino-U.S. trade war, policy sources told Reuters. Read the full story

Could red tape stifle interest in Hong Kong government’s US$255 million fund for tech start-ups?
South China Morning Post
Venture capital fund chosen as partners in the Innovation and Technology Venture Fund say Hong Kong is fertile ground for investments, but they worry about the paperwork Read the full story

What price will Kim Jong Un demand for his 'concessions'?
CNN
In her presidential weekly briefing, Samantha Vinograd writes that North Korea may be taking some steps to keep its promises, but they will likely come at great cost to the United States. Read the full story

Artificial intelligence, immune to fear or favour, is helping to make China’s foreign policy
South China Morning Post
The programme draws on a huge amount of data, with information ranging from cocktail-party gossip to images taken by spy satellites, to contribute to strategies in Chinese diplomacy Read the full story


EUROPE
Ireland may need emergency aid in a no deal Brexit, says former WTO chief
Business Insider
Former WTO Director General and EU Trade Commissioner Pascal Lamy has warned Ireland may need emergency aid in the event of no deal Brexit. Lamy said that while a no deal Brexit was something "one year ago I would have put at a low probability", now it is "something that needs to be in our mind." Lamy also declared there to be "no way" to prevent a hard border if there is no Brexit deal. LONDON - Former WTO Director General and EU Trade Commissioner Pascal Lamy has warned that Ireland may need Read the full story

A majority of Leave voters now believe May's Brexit deal will be bad for Britain
Business Insider
Anti-Brexit protesters wave EU and Union flags outside the Houses of Parliament in London Thomson Reuters More than half (51%) of Leave voters and two-thirds (65%) of the public now believe the outcome of Brexit negotiations will be bad for Britain, according to a Sky poll. Almost four fifths of the public think May is handling Brexit badly. The poll shows that dissatisfaction with the government's Brexit approach is sky-rocketing. A majority of voters back a second referendum. LONDON - A Read the full story

Brexit: Farmers fear more crops will rot in fields as EU workers move abroad
Sky News
British farmers and growers are facing the "soul destroying" prospect of leaving more crops to rot in the fields unless a post-Brexit visa scheme for seasonal workers is announced soon. Read the full story

UK's new foreign minister in China for first overseas visit
Business Insider
Britain's Foreign Secretary Jeremy Hunt gives a press conference at the Royal Botanic Garden in Edinburgh, Scotland Thomson Reuters LONDON (Reuters) - British Foreign Secretary Jeremy Hunt will meet his Chinese counterpart in Beijing on Monday to discuss cooperation between the two countries on his first major overseas trip since he replaced Boris Johnson earlier this month. Hunt and Wang Yi, China's Minister of Foreign Affairs, are expected to discuss free trade, enforcing sanctions on North Read the full story

Kudlow says trade negotiations with the EU to begin “immediately,” NAFTA deal could come “in not too distant future”
CBS News
President Trump’s chief economic adviser Larry Kudlow joins moderator Margaret Brennan to discuss Friday’s GDP report and the negotiations between the U.S. and European Union on a trade deal. Read the full story
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CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
http://www.cbi.iq/
 
The CBI for Thursday 7/31/18 did update on the indicative rates Sell Rate 1190
The currency auction is 196,870,754
There is no news and announcements for Tuesday 7/31/18
The CBI for Tuesday 7/31/18 did update on the indicative rates Sell Rate 1190
ISX Update:
Value Traded
935,744,925
 
Shares Traded
886,199,881
ISX ended in Green
 
Kauaihn Chatter:
 
 
7-31-2018   Newshound Guru Don961   Article quotes:  "Fitch Ratings International said on Monday it kept its rating of Iraq unchanged at B with a stable outlook."   "Fitch said in a statement that it had confirmed its long-term risk rating for foreign currency debt default at " B ", which means high risk."  Iraq remains in the international credit rating "b".   The risk of repayment of foreign currency debt is high.
 
7-30-2018   Newshound/Intel Guru Mnt Goat   Article: "THE ELECTION RESULTS MAY BE ANNOUNCED THE BEGINNING OF NEXT MONTH (EARLY AUGUST)"   Quote:  "...the results of the election may announced the beginning of next month (early August), and the Electoral Commission will ratify the names of the winners at this time. They will then open the door to appeals to the losers and after about 15 days will be ratified by the Federal Court."  So this puts up in about mid August until the Federal Court ratifies the results.   ...I do not see any action on the part of the CBI until at least a couple weeks from now. This is the beginning of our earliest timeframe.  I make this statement because I checked with my CBI contact and she confirmed what I have just told you. She also said that in the next couple weeks to pay attention to the news media as you will see multiple articles on the subject of “deleting the zeros” and about ending the currency auctions. This will be a confirmation they are going forward once again and there is movement.

7-30-2018   Newshound Guru chattels
   Abadi,..." there is an economic renaissance ahead of us after..."   Kap [Guru Kaperoni]  seems to think that such an economic renaissance is "close". 

7-30-2018   Newshound/Intel Guru Mnt Goat   WHEN WILL THE CBI “PULL THE TRIGGER”?   ...We all should know by now that we are very close to getting this reinstatement...the CBI told us they are waiting for a more “stable” environment post elections. The CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project.   Stability, the CBI claims, is intrinsically connected to removing the corruption associated with the currency auctions and within the govt in general...   ...They need to know the new prime minster will support the continuance of the financial reforms. We know this cannot happen until both the Electoral Commission and the Judiciary ratify the election results. This we are told will happen the end of July or at the latest the first few days of August.   Quote:   "The Federal Court will ratify the election results at the end of this month."

7-30-2018   Newshound Guru MilitiaMan   Article quotes:  "And promoting the circulation of small denomination banknotes.";  "The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.";   "The next phase of currency reform is the conversion from old cash currency to new."   The process described  is befitting of the process being completely underway now! ~ IMO
 
7-30-2018 Newshound Guru chattels Article quote: "Former Iraqi Prime Minister Nouri al-Maliki’s wealth is estimated at $50 billion, the US magazine Forbes said. The magazine has published the list of world’s ten wealthiest men in the world in 2015 with Maliki occupying the fifth place... former head of council of representatives Osama al-Nujaifi reserved the 10th place with $44 billion followed by Ayad Alawi who owns $35 billion." What happened to "Where did you get this?"
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:

 
*************
ARTICLE 1 (from PM Abadi's website; posted only on Arabic side, not on English side)

Prime Minister Dr. Haider Abadi receives the President of the Kurdistan Regional Government Mr. Nigervan Barzani

Prime Minister Dr. Haider al-Abadi, President of the Kurdistan Regional Government, Mr. Nigervan Barzani.

During the meeting, which was attended by Dr. Fuad Hussein discussed the political and public situation in the country and discussed a number of files shared between the federal government and the Kurdistan Regional Government to achieve unity and interest of Iraq.

They also stressed the importance of communication and exchange of dialogue in order to promote joint national action, after concerted efforts to achieve victory over terrorist gangs and cooperation between the various security forces and the Peshmerga, and the importance of preserving this cooperation to eliminate any danger from Iraq.

The meeting witnessed a convergence of views on tackling the challenges faced by the country, the next stage and moving forward to form the next government to meet the demands of the Iraqi people to support the economy and reconstruction, provide services and create jobs.
 
Prime Minister 's Media Office
30 July 2018

***************
ARTICLE 2-A

Barzani arrives in Baghdad and discusses with Abadi the role of the Peshmerga and the formation of the government
2018/7/30 16:16 
[Ayna-Baghdad]
     The head of the Kurdistan Regional Government, Nechirvan Barzani, arrived Monday in the capital Baghdad on an undeclared visit.
     Barzani met with the leader of the Kurdistan Democratic Party, Fouad Hussein, Prime Minister Haider Abadi.
     "The meeting discussed the political and public situation in the country and discussed a number of joint files between the federal government and the Kurdistan Regional Government to achieve the unity and interest of Iraq," a statement from the office of Abadi said.
     He also stressed the importance of communication and exchange of dialogue in order to promote joint national action, after concerted efforts to achieve victory over terrorist gangs and cooperation between the various security forces and the Peshmerga, and the importance of maintaining this cooperation to eliminate any danger from Iraq.
     The statement pointed out that "the meeting witnessed convergence of views on addressing the challenges facing the country, the next stage and move forward to form the next government to achieve the demands of the Iraqi people in support of the economy and reconstruction and provide services and create jobs."

****************
ARTICLE 2-B

Barzani to Abadi: What we are interested in forming a bloc that serves all the interests of the Iraqi people
2018/7/30 19:43 
[Ayna-Baghdad]
     The head of the Kurdistan Regional Government, Najran Barzani, the need to form a bloc that serves all interests of the Iraqi people.
     Barzani said in a statement after his meeting with Abadi in Baghdad on Monday that "there is no veto against us and we stressed this, and what is important to us to form a bloc that serves all the interests of the Iraqi people and focuses on providing services and revive the economy in this country and provide employment opportunities for young people and this is most important for us "He said.
     Barzani added that "the meeting dealt with a set of files related to the relationship between Baghdad and Erbil, including the road Arbil Kirkuk and the road of Duhok Mosul and Sinjar road to Dhoom and these files of the search with Abadi, in addition to the peat relationship between the region and Baghdad and lied all endeavors to solve the problems on the basis of the Constitution "He said.
     He pointed out that "we are waiting for the ratification of the Federal Supreme Court on the results of the election, and we stressed in general need to accelerate the formation of the next government soon."

*************
ARTICLE 3

What is the real attempt to bring back the "loser" Salim al-Jubouri to the front?
2018/7/31 10:28
     Sunni forces are trading information that there are attempts to restore the former parliament speaker, the loser in the elections, Salim al-Jubouri back to the forefront after the arrangement of procedures for winning the hand counting and sorting, which will announce the nine judges about the results soon.
     "There is information circulating inside the Sunni house, according to Salim al-Jubouri, according to the counting and manual counting, which will enable him to put his name to fill the position of the presidency of parliament with the candidates competing for this position."
     The source added: "The coalition of state law and the alliance of Fateh decided to finalize them and will announce the alliance with the Sunni and Kurdish parties in preparation for the formation of the new government," noting: "The National Alliance of forces led by Gamal Karbouli is negotiating with the Shiite forces as a representative of the Sunni component in the government expected" .

*************
ARTICLE 4

URGENT Confessions of gang responsible for kidnappings in Baghdad confirmed
2018/7/31 11:34 
[Ayna-Baghdad]
     The Central Investigation Court of the Rasafa Appeal Presidency has confirmed the confessions of a gang responsible for many kidnappings in the capital by soliciting victims through social networking sites.
     "The Central Investigation Court, which specializes in terrorism and organized crime, has confirmed the statements of a gang consisting of a woman and three other defendants who committed a series of kidnappings in the capital," Judge Abdul Sattar Birqdar, spokesman for the Supreme Judicial Council, .
     He added that "the arrest of the gang was after the liberation of a group of abductees," pointing out that "the gang has been victimized by the establishment of a relationship with them through Facebook, and was able to carry out several kidnappings in different parts of the capital, especially Al-Amin."
     "The investigative court has completed the investigative procedures and the defendants are referred to the court of the subject in accordance with article IV / 1 of the anti-terrorism law," he said.

*************
ARTICLE 5

Intelligence topple gang robbing Lebanese banks in Iraq
2018/7/31 9:57 
[Ayna-Baghdad]
     Revealed the Iraqi National Intelligence Service, a network of fraud whose members publish false news and fabricated information for the purpose of blackmailing a number of Lebanese banks.
     "In the context of coordination and joint action between Iraq and Lebanon in various fields, especially files and security issues, the Iraqi National Intelligence Service, in coordination with the General Directorate of the Lebanese General Security, has been able to detect a network of fraud The publication of false news and fabricated information for the purpose of extorting a number of Lebanese banks, claiming ownership of documents on balances with millions of dollars in those banks. "
     "The network members also filed lawsuits against some banks, the latest of which is the attempt to defraud [bank Audi] one of the Lebanese banks known, where it was proved that the documents submitted by them forged, as well as broadcast and published fabricated news about those banks.
     The statement pointed out that "the arrest of a number of members of this gang and work is under way to arrest and arrest others, in continuation of efforts to protect the economy of the two countries, and maintain their bilateral relationship distinct."

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