WOTS Sunday 9/9/18:
Forex Rates:
Opens late Sunday afternoon Eastern Time
CNBC Link:
CNBC Morning Squawk Link:
No link on Sunday
DC NY Iraq Articles:dd
Abadi: the session of the parliament seized for political purposes
09-09-2018 01:43 PM
Prime Minister Haider al-Abadi said on Sunday that he regretted what happened in the parliament session which was held to discuss the situation in Basra, pointing out that it was exploited for the purposes of political dichotomy and to provide new conditions for alliances that will form the basis of the next government.
"This came despite our appeal to all parties to remove the problem of services to our citizens in Basra on political employment and the achievement of special political gains and benefits at the expense of the interest of the people."
For his part, a spokesman for Iraqi Prime Minister Saad al-Hadithi, that the alliance between the leader of the Sadrist movement Moqtada al-Sadr and the victory bloc led by Haider Abadi still exists.
Basra operations confirm the stability of the security situation and start lifting the remnants of recent events
Date of release: 2018/9/9 10:54 • 228 times read
(Baghdad: al-Furat News) The Basra Operations Command announced on Sunday, the stability of the conditions of the province after the recent events.
For its part, the municipal cadres in Basra began lifting the violations of recent events with the help of the civil defense and the Ministry of Oil.
Basra has seen in recent days violence and serious security development and burning of the headquarters of political parties and government buildings, notably the Office of the province and the Iranian consulate.
Nineteen people were killed and about 200 injured in clashes and shootings between demonstrators and security forces.
And stopped the demonstrations and violence since yesterday after the Federal Government sent large military reinforcements to the province and accused the perpetrators of sabotage operations.
Basra has seen in recent days violence and serious security development and burning of the headquarters of political parties and government buildings, notably the Office of the province and the Iranian consulate.
Nineteen people were killed and about 200 injured in clashes and shootings between demonstrators and security forces.
And stopped the demonstrations and violence since yesterday after the Federal Government sent large military reinforcements to the province and accused the perpetrators of sabotage operations.
Iraq's Umm Qasr port reopens after protesters leave entrance
Iraq, September 9, 2018
Iraq’s main seaport Umm Qasr reopened on Saturday (September 8) at 3 am EBL (12 am GMT) and all operations have resumed after protesters left the port’s entrance, port employees and government sources in the area said.
All operations had been halted since Thursday, after protesters blocked the port’s entrance, according to Reuters.
Umm Qasr, 60 km (40 miles) south of Basra, receives grain, vegetable oil and sugar shipments that feed a country largely dependent on imported food.
Baghdad Iraq TradeLink: Iraqi Interior Ministry announced today foiling a “big” attempt to smuggle
oil products.
The smuggling took place along the strategic pipeline in west of northern Rumaila area, where 9 tankers were seized with their drivers and other equipment to facilitate stealing oil from the pipeline.
No other details were given.
Sadr put forward seven points to resolve the crisis in Basra, including the formation of a new government faces
Sunday, September 9, 2018 - 01:41 p
Announced the information office of the leader of the Sadrist movement, Muqtada al-Sadr, that the latter put forward seven points to resolve the crisis in the province of Basra, including the formation of committees working to direct service projects and postpone the demonstrations and accelerate the formation of the government in accordance with new bases and new faces according to the advice of the Supreme Religious Reference (try not to tell) .
"If the session of the House of Representatives for Basra leads to serious, effective and genuine solutions in order to lift the suffering of the people of Basra by immediate and future solutions that increase their suffering and restore them the basic elements of life from drinking water, use and other things such as electricity and health," the office said in a statement. And the reduction of unemployment and so on, many must work to complete the second stage, which is the formation of honest committees to work on the start of service projects in the province immediately and the removal of all the corrupt who were the cause of what resulted in Basra from deteriorating service conditions.
He added that the committees "set a time limit of 45 days to end all immediate needs, or what needs a longer period to be determined later, as well as the formation of a security cell to protect Basra and impose security as soon as possible so that parents are safe from all internal and external interventions, "Here I stand ready to protect the parents and demonstrators and in coordination with the security authorities."
Al-Sadr also called for "the work of sending impartial judicial bodies to work to hold accountable the aggressors and the aggressors of the parties, whether the security forces that attacked the demonstrators on the one hand or the aggressors who attacked the public, private, diplomatic and other properties. The month van Bant signs and the results of security projects, especially if the corrupt corrupt computers in the province there is no need to demonstrate or let them go out peaceful demonstrations until the completion of the above period or the people are authorized to express his opinion and raise his voice to satisfy the Sharia and mind and in accordance with the aspirations of Reference ".
He pointed out that "in the event of a delay in the work or the spread of corruption in it as usual do not blame me and blame yourself," going on to say, "and during this work is recommended by the reference to accelerate the formation of the government in accordance with new bases and new faces Almgurb does not try, Three national names according to the terms and national controls for prime minister and authorizes one of the formation of the ministerial cab without the allocation or interference in his work to be a purely service security government away from sectarian and partisan interventions.
The House of Representatives Saturday held an extraordinary session, at the request of the leader of the alliance Sawson and the Sadrist movement, Mr. Moqtada al-Sadr, was devoted to discuss the conditions of Basra in the presence of Prime Minister Haider Abadi and a number of ministers concerned on the crisis, as well as Governor Asad Eidani.
Recovery of amounts exceeding 9 billion dinars of loan installments in Najaf
09/9/2018 12:00 am
Najaf / Hussein al-Kaabi
The Department of Labor in Najaf recovered 9 billion and 614 million dinars from the repayments of loans to support small projects and industrial projects since its launch in 2013 until now. The director of the department Hussein Jawad al-Moussawi told Al-Sabah: The number of micro-enterprise loans has so far reached 2510 loans, while the number of loans for industrial projects 23 loans, which were launched for one time only. He explained that the amount of the loan in support of small projects was between 8 to 12 million dinars, but it is now installed on the amount of 8 million dinars so that the Department to include the largest possible number of borrowers, and is paid in five installments for five years at an interest not exceeding 3 percent administrative fees only.
Al-Moussawi pointed out that the other program, the poverty alleviation strategy, which was launched in 2015 in cooperation with the Ministry of Planning, has reached 570 loans, pointing out to recover the amount of one billion and 109 million dinars of the loans of this program, which we hope to be reactivated in the next period . He said that the poverty reduction strategy loan is different from the micro-enterprise loan that is repayable over eight years. The support of industrial projects is granted to those who have a license to practice a profession and there are also attempts to reactivate it. In terms of the number of microcredit loans, Al-Moussawi said that since the start of the program, 26 payments have been made, the last of which were 25 and 26, which were launched on September 3, and the number of borrowers reached 830.
He pointed out that these loans do not specify the type of project that the borrower wants to open, and most borrowers take the loan to market projects and dairy shops or open workshops for the maintenance of electrical appliances, and there are those who take the loan to open custody or kindergarten and other types of projects.
Al-Moussawi said that Najaf is ranked second in the country in the recovery of loan amounts, noting that the installments of loans to support small projects are returned to the fund to support small projects in the Ministry of Labor and Social Affairs, the amounts of repayment of poverty reduction strategy loans are returned to the Ministry of Finance, because This program is implemented in cooperation with the Ministry of Planning
8 billion dinars to complete service projects in Dhi Qar
09/9/2018 12:00 am
Nasiriyah / Hazem Mohammed Habib
The local administration in Dhi Qar received an amount of eight billion dinars to complete the service projects with direct contact with the lives of citizens, at a time when the Directorate of Agriculture conservation of more than 800 acres of palm groves and converted into residential land.
The head of the technical committee, a member of the crisis cell in the province of Dhi Qar Hassan and Ryoish in a press statement: A delegation representing the local government of the province met this weekend a number of ministers, and was the sum of two billion dinars to complete the project Shaila metal that will increase the capacity of the province With the need for more silos and additional storage areas for agricultural crops.
He pointed out to the acquisition of two billion dinars also to complete the road project linking the road between Nasriya al-Kut on the one hand and Nasiriyah Baghdad fast.
He also pointed out that he obtained a billion and a quarter billion dinars to complete the housing intersection project in the city of Nasiriyah, in addition to obtaining one billion and 800 million dinars to complete projects for the health department of Dhi Qar, including the General Hospital of Chabaish and agreement with the ministries of planning and electricity to include important projects to break the bottlenecks
electrical.
In Dhi Qar, the assistant director of agriculture Dhi Qar Faraj Nahi fruit of the "morning" more than 800 acres of palm groves in the province to be bulldozed and converted into residential land outside the law.
He explained that most of these orchards are located in the districts of Nasiriyah and Souk al-Shuyukh, stressing that there are legal procedures against the offenders and following up those violations, especially within the administrative boundaries of the cities, including the filing of lawsuits against owners of orchards.
The Directorate of the Environment of Dhi Qar has revealed earlier that most of the palm groves are being bulldozed by occupants and converted into residential land, and this warns of the preservation of the province to an environmental disaster, because the loss of green areas lead to higher temperatures and increase rates of desertification around And the damage to the quality of vegetation, stressing that this matter has spread significantly during the past period, what must be stopped.
The local administration in Dhi Qar received an amount of eight billion dinars to complete the service projects with direct contact with the lives of citizens, at a time when the Directorate of Agriculture conservation of more than 800 acres of palm groves and converted into residential land.
The head of the technical committee, a member of the crisis cell in the province of Dhi Qar Hassan and Ryoish in a press statement: A delegation representing the local government of the province met this weekend a number of ministers, and was the sum of two billion dinars to complete the project Shaila metal that will increase the capacity of the province With the need for more silos and additional storage areas for agricultural crops.
He pointed out to the acquisition of two billion dinars also to complete the road project linking the road between Nasriya al-Kut on the one hand and Nasiriyah Baghdad fast.
He also pointed out that he obtained a billion and a quarter billion dinars to complete the housing intersection project in the city of Nasiriyah, in addition to obtaining one billion and 800 million dinars to complete projects for the health department of Dhi Qar, including the General Hospital of Chabaish and agreement with the ministries of planning and electricity to include important projects to break the bottlenecks
electrical.
In Dhi Qar, the assistant director of agriculture Dhi Qar Faraj Nahi fruit of the "morning" more than 800 acres of palm groves in the province to be bulldozed and converted into residential land outside the law.
He explained that most of these orchards are located in the districts of Nasiriyah and Souk al-Shuyukh, stressing that there are legal procedures against the offenders and following up those violations, especially within the administrative boundaries of the cities, including the filing of lawsuits against owners of orchards.
The Directorate of the Environment of Dhi Qar has revealed earlier that most of the palm groves are being bulldozed by occupants and converted into residential land, and this warns of the preservation of the province to an environmental disaster, because the loss of green areas lead to higher temperatures and increase rates of desertification around And the damage to the quality of vegetation, stressing that this matter has spread significantly during the past period, what must be stopped.
Kauaihn Iraq Articles:dd
Rafidain Bank issued a warning to employees and retirees
Editorial Date: 2018/9/9 11:05 • 1043 times read
(Baghdad: Al-Furat News) warned Rafidain Bank employees of the state departments and retirees to not cooperate with the offices and commercial centers and civil institutions deployed in Baghdad and the provinces, which claims that the granting of personal advances in coordination with the bank.
"There are some commercial centers and institutions and NGOs published on social networking sites from time to time news of the promotion of transactions to grant advances to employees and retirees from Rafidain Bank for certain amounts," the media office of the bank said in a statement received by the agency {Euphrates News}.
The statement called "employees and retirees to not cooperate with these entities and that the granting of advances shall be exclusively through branches of the bank deployed in the country and submit them electronically and subject to legal procedures and to complete the grant to the employee or retired due."
The statement called "employees and retirees to not cooperate with these entities and that the granting of advances shall be exclusively through branches of the bank deployed in the country and submit them electronically and subject to legal procedures and to complete the grant to the employee or retired due."
The US Embassy issues a security warning
Release date: 2018/9/9 9:39 • 753 times read
(Baghdad: Al-Furat News) The US Embassy in Baghdad issued a security warning to its citizens.
"The US Mission in Iraq is restricting its movements during the entire month of Muharram, especially on the commemoration of Ashura, on Tuesday, September 18 to Friday, September 21, according to a statement issued by the embassy. Closing expected roads and unexpected crowds. "
"In addition, some protests in Basra have turned violent, resulting in the death and injury of demonstrators and security forces."
"US government officials in Basra generally avoid any area where demonstrations can take place, including the central business district of Basra," the statement said.
"In addition, some protests in Basra have turned violent, resulting in the death and injury of demonstrators and security forces."
"US government officials in Basra generally avoid any area where demonstrations can take place, including the central business district of Basra," the statement said.
Mr. Ammar Al-Hakim confirms his efforts to empower women nationally
Release date: 2018/9/9 12:14 • 108 times read
(Baghdad: Al-Furat News) The head of the National Alliance, Mr. Ammar al-Hakim, stressed the relentless pursuit of women's national empowerment.
A statement issued by his office received a copy of the agency, {Euphrates News}, that Mr. Ammar al-Hakim received in his office, the regional director of the United Nations for Women, Mohammed Naciri and discussed "the roles of the international organization in the field of women."
Mr. Ammar al-Hakim stressed his "serious and urgent efforts to empower women and give them roles that are worthy of their status after being adopted at the titular level, where women occupy a high position and hold leadership positions in the national wisdom stream."
He pointed out that "we sponsor an annual conference on the occasion of the Islamic Day to combat violence against women, looking at ways to lift the injustice and injustice that is on them and the mechanisms of political and social empowerment."
Mr. Ammar al-Hakim stressed his "serious and urgent efforts to empower women and give them roles that are worthy of their status after being adopted at the titular level, where women occupy a high position and hold leadership positions in the national wisdom stream."
He pointed out that "we sponsor an annual conference on the occasion of the Islamic Day to combat violence against women, looking at ways to lift the injustice and injustice that is on them and the mechanisms of political and social empowerment."
A curfew in Basra and the dismissal of commanders and police
Iraqi Prime Minister in front of parliament: the devastation in Basra is political. Reuters
Source: Baghdad - Agencies
Date: 09 September 2018
BAGHDAD (Reuters) - Iraqi authorities on Monday imposed a curfew in the province of Basra, where rocket fire targeted the city's airport after a night of violent protests. While Basra's chief of operations and the city's police chief were sacked, Prime Minister Haider al-Abadi warned of turning events into a dispute Armed, saying that the devastation that occurred in Basra is a political ruin, at a time called for the two main lists that won the legislative elections, the resignation of the government of Abadi.
According to Reuters, "the curfew began to apply yesterday in the entire province of Basra, from 4 pm until further notice.
In the meantime, the rocket fire targeted Basra airport yesterday after a night of protests that accused the political elite in Iraq of bad governance, and the protesters set fire to the Iranian consulate.
Security sources said unknown assailants fired three Katyusha rockets and landed in the vicinity of the airport. The US consulate in Basra is next to the airport.
The parliament held an emergency session to discuss the crisis in Basra yesterday afternoon, during which he warned Prime Minister Haider Abadi of the consequences of politicizing the crisis.
"The political side must be isolated from security and service," he said, warning that the situation would escalate into armed conflict.
Abadi said in a statement that he ordered "the transfer of security units responsible for protecting the Iraqi institutions and consulate in Basra to the investigation, for not fulfilling their duties to provide the necessary protection." He confirmed the approval of the exclusion of Basra from some paragraphs of the decision to implement the budget and government decisions.
In a development of events, the two main lists that won the legislative elections in May demanded the resignation of the government of Prime Minister Haider al-Abadi following an extraordinary session of parliament to discuss the crisis in Basra.
"We demand that the prime minister and his cabinet form resignations and apologize to the Iraqi people," said spokesman Hassan al-Akoli.
For his part, said a spokesman for the alliance «the conquest» led by Hadi al-Amiri, MP Ahmad al-Asadi, that the deputies unanimously on the existence of failure and failure clearly in the crisis in Basra, and said «we demand the resignation of the prime minister and ministers immediately».
Brigadier General Jassim al-Saadi, the commander of Basra's operations, Major General Jassim al-Saadi, and Rashid Falih were appointed as new commander of operations in Basra and Major General Jaafar al-Battat as director of the governorate police.
For his part, Iraqi Interior Minister Qassim al-Araji said in a speech in parliament, punish all those who attacked the demonstrators, and gave up his position in the protection of government institutions in the province of Basra.
On the other hand, 11 elements of an Iranian Kurdish opposition party, yesterday, in the bombing of their headquarters during a party meeting in the Kurdistan region in northern Iraq. The director of the Kuesengj hospital, Kamran Abbas, said that among the wounded were also the new party secretary Mustafa Muloudi and former secretary Khalid Azizi.
Was killed by the bombing of the headquarters of an Iranian Kurdish party in Iraq.
The Engineer accuses the US Consulate of being behind the "sabotage and burning" in Basra
09/09/2018
The Engineer accuses the US Consulate of being behind the "sabotage and burning" in Basra
Dear visitors of our site, we offer you daily and exclusively new Iraqi and Arab news, keen to provide all the new and exclusive of the sources of their credibility and transparency through our site
"Mankish Net" We offer you now the news of the Engineer accuses the US Consulate of being behind the "sabotage and burning" in Basra
Dear visitors of our site, we offer you daily and exclusively new Iraqi and Arab news, keen to provide all the new and exclusive of the sources of their credibility and transparency through our site
"Mankish Net" We offer you now the news of the Engineer accuses the US Consulate of being behind the "sabotage and burning" in Basra
Roudao - Erbil
On Saturday, September 8, 2018, the US Consulate General, Abu Mahdi Al-Mohandes, accused the US Consulate of being responsible for "sabotage and burning" in Basra. "We will provide full evidence and information about the consulate's involvement to the competent authorities," he said.
"Abadi and his government have failed miserably during the previous phase and most importantly in the service file," Abu Mahdi said in an interview with a number of media officials. "Abadi did not fulfill most of his promises to the popular crowd and deliberately obstructing the special law for popular mobilization."
On the relationship between Abadi and the popular crowd, the engineer said, "The relationship was tense throughout the previous period, where we asked Abadi to allocate salaries to the fighters of the popular crowd, which has not been implemented until the moment."
The Deputy Chairman of the popular crowd that "what Abadi did to isolate the Fayyad from three positions is a strange step and dangerous and we register our objection to it."
And on the demonstrations that broke out in Basra a week ago, reported that the US consulate in Basra is behind the sabotage and burning in the province, "asserting that" we will provide full evidence and information on the involvement of the US consulate in Basra to the competent authorities. "
The engineer pointed out that "we will work to prevent any new exposure to the headquarters of the popular crowd."
And on the movements of the latter in the areas of Iraq, the deputy chairman of the popular crowd said that "Da'ash returned security and some areas need to be cleared and we are aware of the movements of Alasash and there is full information about their presence and we will address them constantly, and to address the need to support and funding and provide combat possibilities.
He pointed out that "the only country that supported Iraq in its war against Daqash was Iran, and that the victories in the past four years does not return to the headquarters of the Prime Minister."
On the American presence on Iraqi territory, the engineer said that "6000 to 8000 American soldiers are present in Iraq, it is unfortunate that the Americans began to use the Iraqi land, where they are located south-west of Sinjar and told us Abadi so denied his knowledge."
"The American presence is dangerous and the constitution prevents the use of Iraqi territory to strike any neighboring country," he said. "We assure the Americans that there will be no Shiite-Shiite war."
He added that "the American insistence is behind something dangerous and politicians to overcome the pressures and impose the will of Iraq."
We thank you for your follow-up and we hope that we will be at your good faith. We have passed on to you the news of the Engineer accuses the US Consulate of being behind the "sabotage and burning" in Basra, please share the news on the social networking sites and press on Lake to receive news of our site.
Diyala: Baquba will witness a major reconstruction campaign in all areas next year
12:50 09/09/2018
Baghdad Mawazine News
Governor of Diyala Muthana al-Tamimi said on Saturday that the district of Baquba, the center of the province will witness a large reconstruction campaign in all areas during the next year.
This came during an inspection visit carried out by the governor to be accompanied by the water director, the director of the municipality and the director of the engineering department in the province.
During his tour, al-Tamimi oversaw the projects of casting and tiling a number of streets in the district of Baquba.
The governor continued casting and tiling with the implementing agencies, stressing that the Baquba district will witness a large reconstruction campaign in all areas during the next year.
Al-Tamimi said that after the liberation page and the elimination of terrorism, al-Da'ashi, we have moved towards returning the displaced to their areas. There is little left of them, and they are being returned according to the security procedures.
The governor said Diyala province has been hit hard by terrorism, military operations and reconstruction needs to be a period of time is not short, and we will begin with important infrastructure that serves the citizen.
He explained that the year 2019 will be the year of reconstruction of Diyala in all areas, especially service and health.
At the end of his tour, al-Tamimi praised the efforts exerted by the implementing agencies for the casting and paving of the streets in the districts and districts of the province, stressing the need for completion in the time period specified for the project.
Governor of Diyala Muthana al-Tamimi said on Saturday that the district of Baquba, the center of the province will witness a large reconstruction campaign in all areas during the next year.
This came during an inspection visit carried out by the governor to be accompanied by the water director, the director of the municipality and the director of the engineering department in the province.
During his tour, al-Tamimi oversaw the projects of casting and tiling a number of streets in the district of Baquba.
The governor continued casting and tiling with the implementing agencies, stressing that the Baquba district will witness a large reconstruction campaign in all areas during the next year.
Al-Tamimi said that after the liberation page and the elimination of terrorism, al-Da'ashi, we have moved towards returning the displaced to their areas. There is little left of them, and they are being returned according to the security procedures.
The governor said Diyala province has been hit hard by terrorism, military operations and reconstruction needs to be a period of time is not short, and we will begin with important infrastructure that serves the citizen.
He explained that the year 2019 will be the year of reconstruction of Diyala in all areas, especially service and health.
At the end of his tour, al-Tamimi praised the efforts exerted by the implementing agencies for the casting and paving of the streets in the districts and districts of the province, stressing the need for completion in the time period specified for the project.
Basra unrest diminishes Abadi's fortunes
09/09/2018
Warned in parliament of armed conflict ... and replaced security leaders and curfew
Sunday - 29 Dhu al-Hijjah 1439 - September 09, 2018 AD Issue Number [14530]
Two gunmen from the "popular crowd" riding a military vehicle in Basra yesterday (APA)
Baghdad: Hamza Mustafa
Basra unrest has reduced the chances of the Iraqi prime minister to take office for a second term, despite measures taken yesterday, including the replacement of the army and police commanders in the province and impose a curfew.
Following an extraordinary session of the parliament to discuss the Basra crisis, al-Abadi, his ally in the "Construction and Reform" coalition, Moqtada al-Sadr, who heads the "Saroon" bloc, whose spokesman Hassan al-Akoli Abadi and the ministers demanded "resign and apologize to the Iraqi people." Abbadi also lost the Fatah alliance led by Hadi al-Amiri, whose spokesman Ahmad al-Asadi said: "We demand the immediate resignation of the prime minister and ministers."
In front of the parliament, Abbadi considered that the crisis in Basra caused by the political vacuum, calling for the removal of the province of this conflict, which could turn into an armed conflict led by the leadership of the «popular crowd» in Basra, saying yesterday, «The security situation requires us to go down the street».
Before the meeting, four shells fell in the courtyard of Basra International Airport adjacent to the US consulate, according to security sources told Agence France-Presse, while officials confirmed that the air traffic at the airport was not affected. (Details p. 5)
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
What caused the meltdown? These authors are among those who get it right. Read the full story
Ten years after the fall of Lehman Brothers amid the financial crisis, the markets are high and unemployment is low. But watch out as the Fed tightens. Read the full story
The latest report on the world's ultra-wealthy sees a new contender leapfrog the Big Apple, as well as Paris challenging London as Europe's big money town. Read the full story
Oil settled just two cents lower on Friday, marking a loss of 2.9% for the week. Ongoing concerns over the potential for weaker energy demand on the back of global trade tensions pressured prices, but expectations for tighter supplies later this year when U.S. oil sanctions on Iran take effect provided some support. October West Texas Intermediate oil fell 2 cents to settle at $67.75 a barrel on the New York Mercantile Exchange. Read the full story
© Reuters. Crude Oil prices fell for the second-straight week. Read the full story
© Reuters. Copper was set to post two-week losing streak on Friday. Read the full story
'A more comprehensive coverage model': Read the memo Citigroup sent to employees about its investment banking overhaul
Business Insider
Citi CEO Michael Corbat. Citigroup sent a memo to employees on Thursday, confirming a Business Insider story from last night announcing a restructuring of its investment banking operations as it seeks to grab more wallet share in one of Wall Street's most high-profile businesses. The firm will combine its corporate and investment bank with capital markets origination, a move that will involve the reshuffling of key senior executives, according to the memo. Tyler Dickson, 51, currently the global Read the full story
While a reversal on current interest rate caps could help the Central Bank of Iran tackle rampant liquidity, the long-term effects of such a policy could unleash far broader crises. Read the full story
If you're the one who always picks up the bill so your friends send you their share of the cash via Venmo, you probably wish you could spend that money when you're out and about without having to transfer it to your bank account. Well, good news:… Read the full story
On September 7, 2008, Fannie Mae and Freddie Mac were taken over by the U.S. government. U.S. Treasury Secretary Hank Paulson called the rescue "necessary." Fannie Mae was formed in 1938 as part of the New Deal, encouraging banks to underwrite mortgages and increase homeownership. Freddie Mac was established in 1970 to compete with Fannie Mae, creating a more robust mortgage securities market. Read the full story
Bad things happen to good people, and bad credit is sometimes one of them. It ... Read the full story
Bank checking accounts are a great way to manage your money and payments. Use these tips to maximize your banking experience. Bank checking accounts hold assets for customers that can easily be accessed by personal checks and debit cards -- often through automated teller machines and online payments. Checking accounts don't pay much interest - the average interest rate is 0.06% - but that's not what attracts financial consumers to checking accounts. The real draw is instant access to cash to pay Read the full story
Wells Fargo, one of America's most storied banks, has yet wake up from a nightmare that began exactly two years ago. Read the full story
Chinese conglomerate HNA Group plans to offload its entire stake in Deutsche Bank. Read the full story
The fiscal policies of the world's two largest economies could bring about a massive slowdown in global economic growth, according to Britain's top former bank regulator. Read the full story
Why the U.S. Dollar Is Rising Amid Trade Tension
TheStreet
Investors are buying U.S. dollars because unlike other countries, growth in the U.S. is strong Trade wars and any steps to block free market activity are supposed to be bad for a currency. But, instead of falling, the U.S. dollar is at its strongest level in 13 months. Since the beginning of the year, the dollar appreciated by more than 5% against the euro and British pound and over 7% against the Australian and New Zealand dollars. So, while many experts fear that a trade war would be damaging Read the full story
© Reuters. The U.S. dollar was a touch higher on Friday. Read the full story
The Argentinian peso has strengthened on news of more bailout funds. But this economy is going to go sour fast. Read the full story
Risk gene for alzheimer may aggravate neurological effects of air pollution in children
SCIENMAG
Credit: Barcelona Institute for Global Health (ISGlobal) There is growing evidence that exposure to air pollution adversely affects cognitive and behavioural development in children. However, the me.. Read the full story
Credit: Wake Forest Baptist Medical Center WINSTON-SALEM, NC - Sept. 6, 2018 - Ever wonder why some people seem to feel less pain than others? A study conducted at Wake Forest School of Medicine may .. Read the full story
Men who smoke have an elevated risk of dementia, according to a new analysis of nationwide health claims from South Korea. Compared with continual smokers, long-term quitters had a 14 percent lower risk of dementia, while men who had never smoked had a 19 percent lower risk, according to the analysis, which was published in... Read the full story
For some, the "good bacteria" might simply be going in one end and right out the other. Read the full story
Artificial intelligence system developed in Beijing ‘will never replace doctors’ but it can trace brain activity invisible to the human eye Read the full story
Boston University professor Laurence Kotlikoff is on a mission to help bring economics to the forefront in everything from politics to personal finance. Read the full story
Trouble Spreads to More Emerging Markets
Barron's
South Africa, the Philippines, and Indonesia joined Argentina and Turkey as troubled economies. Keep an eye on China and the yuan. Read the full story
Manufacturer Pirelli [PIRI.UL] said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country. Read the full story
It's been a rotten week for stock markets across the globe. Read the full story
Several emerging market central banks have started to run down their reserves, prompting some market participants to contemplate whether Treasurys will take a deeper hit if demand from this historically important group continues to wane. Read the full story
Morgan Stanely gives a thumbs up/thumbs down view of key indicators of the Brazilian economy. Read the full story
Argentina and Turkey are worrisome enough, but China’s potential hard landing is now in the cards, says Ivan Martchev. Read the full story
Iraq vows 'severe' response after attack on Iran consulate
Aljazeera
Iraq's Prime Minister Haider al-Abadi has ordered an investigation into deadly violence in the southern city of Basra after protesters stormed the Iranian consulate there. Abadi said late on Friday that he had instructed security forces to act decisively against the "acts of vandalism" that accompanied the demonstrations. The order came after demonstrators set fire to the Iranian consulate on Friday as part of weeks-long protests over poor services and lack of jobs. Thousands shouted anti-Iran Read the full story
Basra has been wracked by protests all week over the decrepit state of public services. Added to the discomforts is that constant of contemporary Iraq — rampant corruption. Much of Iraq's wealth comes from the area, but it doesn't stay there. Read the full story
Angry protesters have stormed the Iranian consulate in the southern Iraqi city of Basra, setting a fire inside as part of ongoing demonstrations against lack of services and jobs that have turned deadly in recent days. Demonstrators on Friday attacked the building, which is located in the southern part of Basra, prompting security forces to open fire to quell the protests. At least two protesters have died over the past two days, taking the death toll to 11 since the weeks-long unrest escalated Read the full story
Last week, Reuters reported that Iran transferred two types of weapons — a rail-launched artillery rocket and solid-propellant short-range ballistic missiles called the Fateh-110 and the Zulfiqar — to Shiite militias in neighboring Iraq. The same report cited an unnamed Iranian official who said the missile transfer was “a backup plan if Iran was attacked.” Read the full story
Iran has established a strong military foundation among its allies in Iraq, which allows it to threaten the United States and its allies everywhere in Iraq and neighboring countries. Read the full story
Syrian civilians are at risk of further bloodshed in Idlib province as president Bashar al-Assad gears up to recapture the last major rebel stronghold. This comes as leaders from Russia, Iran and Turkey meet in Tehran to discuss the civil war. CBSN contributor and Signal newsletter writer for GZERO Media, Willis Sparks, takes us through the latest. Read the full story
More than 100 U.S. Marines launched an air assault in the southern Syrian desert backed by artillery fire to send a "strong message" to Russia not to send their forces inside a restricted area near an American military outpost, two U.S. defense officials have told Fox News.Read the full story
More than 100 US troops began an unexpected exercise in southern Syria on Friday in direct response to a series of Russian military threats, according to a US defense official. Read the full story
U.S. Army Pfc. Jacob Paxson and Pfc. Antonio Espiricueta, both from Company B ("Death Dealers"), 2nd Battalion, 6th Infantry Regiment, attached to Task Force 1st Battalion, 35th Armored Regiment, 2nd Brigade Combat Team, 1st Armored Division, provide security from a street corner during a foot patrol in Tameem, Ramadi, Iraq. Tech. Sgt. Barakat Ali Bashar, an Iraqi interpreter who served alongside the US Army, lost his life when he used his body to shield a US Special Forces soldier from a Read the full story
President Trump said he's trying to pressure the Palestinians into negotiating a peace deal with Israel. The aid had covered critical care for Palestinians at Jerusalem hospitals. Read the full story
GLOBAL/NEWS/INFO
Today in History
My San Antonio
Today in History Today is Saturday, Sept. 8, the 251st day of 2018. There are 114 days left in the year. Today's Highlight in History: On Sept. 8, 1974, President Gerald R. Ford granted a "full, free, and absolute pardon" to former President Richard Nixon covering his entire term in office. Read the full story
My San Antonio
Today in History Today is Saturday, Sept. 8, the 251st day of 2018. There are 114 days left in the year. Today's Highlight in History: On Sept. 8, 1974, President Gerald R. Ford granted a "full, free, and absolute pardon" to former President Richard Nixon covering his entire term in office. Read the full story
The 7 Best Books About the Financial Crisis
Barron'sWhat caused the meltdown? These authors are among those who get it right. Read the full story
How to Spot the Next Financial Crisis
Barron'sTen years after the fall of Lehman Brothers amid the financial crisis, the markets are high and unemployment is low. But watch out as the Fed tightens. Read the full story
Where Do Most Ultra-Rich People Live? It's Not New York
NewsweekThe latest report on the world's ultra-wealthy sees a new contender leapfrog the Big Apple, as well as Paris challenging London as Europe's big money town. Read the full story
OIL/COMMODITIES/ENERGY
Gold prices fall for the session, post a loss of 0.5% for the week
MarketWatch
Gold fell on Friday, prompting prices to tally a second consecutive weekly loss, as upbeat monthly data on U.S. jobs backed the likelihood for further interest-rate hikes this year and provided a boost to the dollar. December gold lost $3.90, or 0.3%, to settle at $1,200.40 an ounce. Prices fell 0.5% for the week. They've now posted weekly declines in eight out of the last nine weeks, according to FactSet data. Read the full story
Worries over inflation push gold prices lower. Read the full story
MarketWatch
Gold fell on Friday, prompting prices to tally a second consecutive weekly loss, as upbeat monthly data on U.S. jobs backed the likelihood for further interest-rate hikes this year and provided a boost to the dollar. December gold lost $3.90, or 0.3%, to settle at $1,200.40 an ounce. Prices fell 0.5% for the week. They've now posted weekly declines in eight out of the last nine weeks, according to FactSet data. Read the full story
Gold Prices Dip as U.S. Wage Inflation Cements 2 Fed Rate Hikes
Investing.comWorries over inflation push gold prices lower. Read the full story
Oil settles slightly lower for the session, loses 2.9% for the week
MarketWatchOil settled just two cents lower on Friday, marking a loss of 2.9% for the week. Ongoing concerns over the potential for weaker energy demand on the back of global trade tensions pressured prices, but expectations for tighter supplies later this year when U.S. oil sanctions on Iran take effect provided some support. October West Texas Intermediate oil fell 2 cents to settle at $67.75 a barrel on the New York Mercantile Exchange. Read the full story
Crude Oil Prices Settle Lower to Extend Losing Streak as Trade Concerns Weigh
Investing.com© Reuters. Crude Oil prices fell for the second-straight week. Read the full story
Metals Prices Drop as Trump Looks Close to Pulling Tariff Trigger on China
Investing.com© Reuters. Copper was set to post two-week losing streak on Friday. Read the full story
BANKS/BANKING/CREDIT
'A more comprehensive coverage model': Read the memo Citigroup sent to employees about its investment banking overhaul
Business Insider
Citi CEO Michael Corbat. Citigroup sent a memo to employees on Thursday, confirming a Business Insider story from last night announcing a restructuring of its investment banking operations as it seeks to grab more wallet share in one of Wall Street's most high-profile businesses. The firm will combine its corporate and investment bank with capital markets origination, a move that will involve the reshuffling of key senior executives, according to the memo. Tyler Dickson, 51, currently the global Read the full story
Iran's Central Bank signals possible interest rate hike
Al-MonitorWhile a reversal on current interest rate caps could help the Central Bank of Iran tackle rampant liquidity, the long-term effects of such a policy could unleash far broader crises. Read the full story
Venmo Has A Functional Debit Card Now — And It Comes In PINK
BustleIf you're the one who always picks up the bill so your friends send you their share of the cash via Venmo, you probably wish you could spend that money when you're out and about without having to transfer it to your bank account. Well, good news:… Read the full story
10 Years Later: The Bailout of Fannie & Freddie
BloombergOn September 7, 2008, Fannie Mae and Freddie Mac were taken over by the U.S. government. U.S. Treasury Secretary Hank Paulson called the rescue "necessary." Fannie Mae was formed in 1938 as part of the New Deal, encouraging banks to underwrite mortgages and increase homeownership. Freddie Mac was established in 1970 to compete with Fannie Mae, creating a more robust mortgage securities market. Read the full story
How To Get A Mortgage When You Have Bad Credit
HuffPostBad things happen to good people, and bad credit is sometimes one of them. It ... Read the full story
What Is a Checking Account? Benefits, Fees and Different Types
TheStreetBank checking accounts are a great way to manage your money and payments. Use these tips to maximize your banking experience. Bank checking accounts hold assets for customers that can easily be accessed by personal checks and debit cards -- often through automated teller machines and online payments. Checking accounts don't pay much interest - the average interest rate is 0.06% - but that's not what attracts financial consumers to checking accounts. The real draw is instant access to cash to pay Read the full story
The two-year Wells Fargo horror story just won't end
CNN MoneyWells Fargo, one of America's most storied banks, has yet wake up from a nightmare that began exactly two years ago. Read the full story
Deutsche Bank's top investor is selling out
CNN MoneyChinese conglomerate HNA Group plans to offload its entire stake in Deutsche Bank. Read the full story
TREASURIES/BONDS/STOCKS
Top 5 Things That Moved Markets This Past WeekInvesting.com
© Reuters. Tesla faced a wild end to the week with two executive departures. Read the full story
© Reuters. Tesla faced a wild end to the week with two executive departures. Read the full story
US and China could soon prompt a 'big slowdown' in global growth, former bank regulator warns
CNBCThe fiscal policies of the world's two largest economies could bring about a massive slowdown in global economic growth, according to Britain's top former bank regulator. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin’s bear market fuels allure of derivatives exchange in Hong Kong for traders to hedge bets
South China Morning Post
South China Morning Post
Saturday, 8 September 2018, 8:30:AM Once an asset class coveted for its volatility, the slump in the value of bitcoin – which has hovered below US$9,000 since May 11 this year – has cast a shadow over the entire cryptocurrency market which is not only proving hard to shift, but is getting bigger. However, its rangebound movement is also increasingly fuelling the appeal of crypto-futures and -derivative trading platforms, as traders look for ways to leverage up their position to multiply returns. Read the full story
Terrorists Trying Multiple Times To Raise Funds Via Crypto -- Without Much Success, Congress Told
Forbes Magazine
Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology infrastructure an expert explained. Read the full story
Bets Against Ether's Price Hit All-Time High
CoinDesk
The number of short orders placed on ETH/USD have reached a new high and is a clear reflection of bearish sentiment surrounding the cryptocurrency. Read the full story
Bitcoin bulls sent reeling by ‘very damaging drop,’ says chart watcher
MarketWatch
Bitcoin bulls were dealt a damaging blow on the charts when the digital currency tanked on Thursday, one technical analyst says. Read the full story
CURRENCIES
Why the U.S. Dollar Is Rising Amid Trade Tension
TheStreet
Investors are buying U.S. dollars because unlike other countries, growth in the U.S. is strong Trade wars and any steps to block free market activity are supposed to be bad for a currency. But, instead of falling, the U.S. dollar is at its strongest level in 13 months. Since the beginning of the year, the dollar appreciated by more than 5% against the euro and British pound and over 7% against the Australian and New Zealand dollars. So, while many experts fear that a trade war would be damaging Read the full story
Forex- U.S. Dollar Rises on Positive Jobs Report
Investing.com© Reuters. The U.S. dollar was a touch higher on Friday. Read the full story
In Argentina, Stronger Peso Is Only Temporary As Recession Looms
Forbes MagazineThe Argentinian peso has strengthened on news of more bailout funds. But this economy is going to go sour fast. Read the full story
INSURANCE / HEALTH / SCIENCE
Risk gene for alzheimer may aggravate neurological effects of air pollution in children
SCIENMAG
Credit: Barcelona Institute for Global Health (ISGlobal) There is growing evidence that exposure to air pollution adversely affects cognitive and behavioural development in children. However, the me.. Read the full story
'
Mindful people' feel less pain; MRI imaging pinpoints supporting brain activity
SCIENMAGCredit: Wake Forest Baptist Medical Center WINSTON-SALEM, NC - Sept. 6, 2018 - Ever wonder why some people seem to feel less pain than others? A study conducted at Wake Forest School of Medicine may .. Read the full story
Smoking May Be Tied to Higher Risk of Dementia
Psych CentralMen who smoke have an elevated risk of dementia, according to a new analysis of nationwide health claims from South Korea. Compared with continual smokers, long-term quitters had a 14 percent lower risk of dementia, while men who had never smoked had a 19 percent lower risk, according to the analysis, which was published in... Read the full story
Gut Feeling: Why Probiotics Might Not Be a Good Idea for Everyone
Mental FlossFor some, the "good bacteria" might simply be going in one end and right out the other. Read the full story
Doctors said the coma patients would never wake. AI said they would - and they did
South China Morning PostArtificial intelligence system developed in Beijing ‘will never replace doctors’ but it can trace brain activity invisible to the human eye Read the full story
USA
/ CANADA
Jobs Report Increases Odds for Fed Rate Hikes on Higher Inflation, Strong EconomyInvesting.com
© Reuters. Wage inflation picks up, increasing support for 2 further Fed rate hikes in 2018. Read the full story
In a FOX Business Exclusive, Kaplan narrows down the number of rate hikes ahead. Read the full story
Seattle is known for its hip neighborhoods, soaring home prices, and being home to Amazon.com Inc., the world’s most valuable company. So why is its rental housing market experiencing the most severe slowdown in the U.S.? Seattle-area median rents didn’t budge in July, after a 5 percent annual increase a year earlier and 10 percent the year before, according to Zillow data on apartments, houses and condos. While that’s the biggest decline among the top 50 largest metropolitan areas, it’s part of Read the full story
© Reuters. Wage inflation picks up, increasing support for 2 further Fed rate hikes in 2018. Read the full story
'Strong' jobs report reinforces future rate hikes: Dallas Fed's Kaplan
Fox NewsIn a FOX Business Exclusive, Kaplan narrows down the number of rate hikes ahead. Read the full story
Trump says U.S. and Japan have begun talks on trade
Reuters
U.S. President Donald Trump said on Friday the United States and Japan have begun discussion over trade, saying that Tokyo "knows it's a big problem" if an agreement cannot be reached, and that India has also asked to start talks on a trade deal. Read the full story
Such a step would significantly escalate his trade war with Beijing Read the full story
Reuters
U.S. President Donald Trump said on Friday the United States and Japan have begun discussion over trade, saying that Tokyo "knows it's a big problem" if an agreement cannot be reached, and that India has also asked to start talks on a trade deal. Read the full story
President Trump Says He's Ready to Tax an Additional $267 Billion in Chinese Imports
TIMESuch a step would significantly escalate his trade war with Beijing Read the full story
Rental Glut Sends Chill Through the Hottest U.S. Housing Markets
BloombergSeattle is known for its hip neighborhoods, soaring home prices, and being home to Amazon.com Inc., the world’s most valuable company. So why is its rental housing market experiencing the most severe slowdown in the U.S.? Seattle-area median rents didn’t budge in July, after a 5 percent annual increase a year earlier and 10 percent the year before, according to Zillow data on apartments, houses and condos. While that’s the biggest decline among the top 50 largest metropolitan areas, it’s part of Read the full story
This economist thinks the US is bankrupt. What that means for your retirement
CNBCBoston University professor Laurence Kotlikoff is on a mission to help bring economics to the forefront in everything from politics to personal finance. Read the full story
EMERGING MARKETS
Trouble Spreads to More Emerging Markets
Barron's
South Africa, the Philippines, and Indonesia joined Argentina and Turkey as troubled economies. Keep an eye on China and the yuan. Read the full story
Tire maker Pirelli abandons Venezuela, adding to business exodus
ReutersManufacturer Pirelli [PIRI.UL] said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country. Read the full story
Could the emerging markets summer slump go West?
Sky NewsIt's been a rotten week for stock markets across the globe. Read the full story
Here’s what emerging-market turmoil means for U.S. government bonds
MarketWatchSeveral emerging market central banks have started to run down their reserves, prompting some market participants to contemplate whether Treasurys will take a deeper hit if demand from this historically important group continues to wane. Read the full story
This Is Where Brazil's Economy Is A Failure
Forbes MagazineMorgan Stanely gives a thumbs up/thumbs down view of key indicators of the Brazilian economy. Read the full story
Opinion: The emerging-markets crisis might just be getting started
MarketWatchArgentina and Turkey are worrisome enough, but China’s potential hard landing is now in the cards, says Ivan Martchev. Read the full story
MIDDLE EAST
Iraq vows 'severe' response after attack on Iran consulate
Aljazeera
Iraq's Prime Minister Haider al-Abadi has ordered an investigation into deadly violence in the southern city of Basra after protesters stormed the Iranian consulate there. Abadi said late on Friday that he had instructed security forces to act decisively against the "acts of vandalism" that accompanied the demonstrations. The order came after demonstrators set fire to the Iranian consulate on Friday as part of weeks-long protests over poor services and lack of jobs. Thousands shouted anti-Iran Read the full story
There's more at stake in the Basra protests than dirty water and oil
CNNBasra has been wracked by protests all week over the decrepit state of public services. Added to the discomforts is that constant of contemporary Iraq — rampant corruption. Much of Iraq's wealth comes from the area, but it doesn't stay there. Read the full story
Iraqi protesters set fire to Iranian consulate in Basra
AljazeeraAngry protesters have stormed the Iranian consulate in the southern Iraqi city of Basra, setting a fire inside as part of ongoing demonstrations against lack of services and jobs that have turned deadly in recent days. Demonstrators on Friday attacked the building, which is located in the southern part of Basra, prompting security forces to open fire to quell the protests. At least two protesters have died over the past two days, taking the death toll to 11 since the weeks-long unrest escalated Read the full story
Iran moves missiles to Iraq in attempt to fortify security, influence
AxiosLast week, Reuters reported that Iran transferred two types of weapons — a rail-launched artillery rocket and solid-propellant short-range ballistic missiles called the Fateh-110 and the Zulfiqar — to Shiite militias in neighboring Iraq. The same report cited an unnamed Iranian official who said the missile transfer was “a backup plan if Iran was attacked.” Read the full story
Can Iran threaten US interests from Iraqi territories?
Al-MonitorIran has established a strong military foundation among its allies in Iraq, which allows it to threaten the United States and its allies everywhere in Iraq and neighboring countries. Read the full story
Russia, Turkey and Iran hold summit on Syria crisis
CBS NewsSyrian civilians are at risk of further bloodshed in Idlib province as president Bashar al-Assad gears up to recapture the last major rebel stronghold. This comes as leaders from Russia, Iran and Turkey meet in Tehran to discuss the civil war. CBSN contributor and Signal newsletter writer for GZERO Media, Willis Sparks, takes us through the latest. Read the full story
US Marines launch live-fire air assault into Syria desert in 'strong message' to Russia
Fox NewsMore than 100 U.S. Marines launched an air assault in the southern Syrian desert backed by artillery fire to send a "strong message" to Russia not to send their forces inside a restricted area near an American military outpost, two U.S. defense officials have told Fox News.Read the full story
US begins military exercise in Syria in response to Russian military threats
CNN PoliticsMore than 100 US troops began an unexpected exercise in southern Syria on Friday in direct response to a series of Russian military threats, according to a US defense official. Read the full story
US soldiers are fighting for visas for the family of an Iraqi interpreter who sacrificed himself to shield American troops from a suicide bomber
Business InsiderU.S. Army Pfc. Jacob Paxson and Pfc. Antonio Espiricueta, both from Company B ("Death Dealers"), 2nd Battalion, 6th Infantry Regiment, attached to Task Force 1st Battalion, 35th Armored Regiment, 2nd Brigade Combat Team, 1st Armored Division, provide security from a street corner during a foot patrol in Tameem, Ramadi, Iraq. Tech. Sgt. Barakat Ali Bashar, an Iraqi interpreter who served alongside the US Army, lost his life when he used his body to shield a US Special Forces soldier from a Read the full story
New Cuts In Medical Aid To Palestinians By Trump Administration
NPRPresident Trump said he's trying to pressure the Palestinians into negotiating a peace deal with Israel. The aid had covered critical care for Palestinians at Jerusalem hospitals. Read the full story
AFRICA
Africa: Britain Has No Hope of Catching Up With China in Africa
AllAfrica
AllAfrica
British prime minister Theresa May's visit to Africa was always going to look rather forlorn. As Kenyan president Uhuru Kenyatta pointedly reminded her on the very last day of her tour, no British prime minister had visited Kenya for 30 years. Given the British imprisoned Kenyatta's father during his country's liberation struggle, it seemed more than a mere irony that the British were suddenly visiting again, but this time to petition African governments for more trade - perhaps in panic on the Read the full story
Kenya: Moody's Cautions Kenya Debt Pile-Up Bad for Rating
AllAfrica
Kenya's credit rating would come under downward pressure if it hit the maximum public debt level of 74 per cent of the gross domestic product (GDP), a Moody's analyst says. The gross public guaranteed debt level amounts to 58 per cent of the nominal GDP, meaning it is only Ksh1.38 trillion ($13.7million) away from the Ksh6.55 trillion ($66 million) level that would trigger a major concern on rating. A lower rating would cause the country to borrow at higher interest rates. As at the end of last Read the full story
South Africa: Why the VAT Debate Is More Complex Than It Appears
AllAfrica
The one percentage point increase in South Africa's Value Added Tax (VAT) rate, which was implemented in April this year, has raised important questions about how the tax system can and should address inequality. In response to the increase, Nhlanhla Nene, the minister of finance, appointed an expert panel to look into ways that zero rating can better tackle inequality. The panel made recommendations about additional items which should be zero rated. It's important that the recommendations of Read the full story
Zimbabwe: TB - Nation Can't Afford a Lapse
AllAfrica
Miss South Africa 2018, Tamaryn Green fought tuberculosis against all odds. Despite being a medical student, she was not immune to the ailment. TB, which was once considered a poor man's disease turned its wings towards the 24-year-old medical student from University of Cape Town who was quoted saying fighting TB alone was not easy and the stigma that came with it made it a real battle. She suffered from occupationally acquired TB in 2015 after which she decided to focus her charitable efforts Read the full story
Zimbabwe wheat supplies Dwindle on foreign-exchange shortage
FurtherAfrica
Zimbabwe is running out of wheat because the central bank won’t provide foreign currency needed to pay for a consignment of the grain, the Grain Millers’ Association of Zimbabwe said. Read the full story
Zimbabwe's Mnangagwa names ex-banker Mthuli Ncube finance minister
Reuters
Zimbabwean President Emmerson Mnangagwa on Friday appointed former banker Mth
No comments:
Post a Comment