WOTS Thursday 9/13/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,166.4000 | 1,162.8000 | 1,162.8000 | | 07:12 |
| USD/VND | | | 23,242.0000 | 22,845.8000 | 22,845.8000 | | 07:12 |
| USD/CNY | | | 6.8626 | 6.8243 | 6.8599 | | 07:16 |
| USD/KWD | | | 0.3025 | 0.3017 | 0.3025 | | 07:09 |
| GBP/USD | | | 1.3067 | 1.3026 | 1.3044 | | 07:16 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,851.0000 | 14,768.2000 | 14,801.0000 | | 07:16 |
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DC NY Iraq Articles:dd
Source: political blocs have taken a decision on the Trump envoy in Iraq .. know him
13/09/2018 1:04 pm
BAGHDAD (Reuters) - A Shiite political bloc has decided to boycott US envoy Brett McGuck, a well-informed source said Thursday .
The new Arab newspaper quoted the source as saying that "several Shiite political blocs decided not to meet again US envoy Brett McGork," noting that "this decision came two days after another blow received by Washington in Iraq through the statement of the supreme religious authority Ali al-Sistani, A figure who has already held government positions to take over the presidency of the new government . "
American papers are weaker than Iran now, " the source said, speaking on condition of anonymity . Finished 5
The governor of Kirkuk is discussing with the United Nations the restoration of stability and reconstruction in the liberated areas
13:48 The time now is 02:57 PM
Baghdad / Al-Ghad Press:
Kirkuk Governor Rakan Said al-Jubouri on Thursday discussed with a delegation from the United Nations Development Program (UNDP) the reconstruction and stabilization of the liberated areas.
According to a statement issued by al-Jabbouri's media office, the latter received a delegation from the United Nations Development Program (UNDP) in Kirkuk today, in the presence of a member of Kirkuk Provincial Council Sheikh Burhan Mezher al-Asi and coordinator of the Reconstruction Fund for liberated areas, .
He pointed out that "during the meeting was to follow up the efforts of the Department of Kirkuk in the success of the plan to restore stability of the liberated areas, and discuss the projects implemented or will be implemented soon or that have been placed within the plans prepared."
Jubouri said, "to develop integrated and coordinated plans to ensure the return of all services to liberated areas, which have been affected by the terrorism of the past three years."
He praised Jubouri "the role of the federal government and follow-up the Secretariat of the Council of Ministers in the success of the plan to restore stability of the liberated areas and the role of positive and active and important for international donors and international organizations to ensure the rapid restoration of services."
Baghdad/ Iraq TradeLink: Shiite Sadrist Sa’iroun Alliance announced it will propose that the prime
minister in the country “should not serve more than one term”.
Alliance sources added that it will make this proposal as a law in future, which will prevent the rising of the dictatorship in the country or legitimize corruption in governmental establishments.
The outlets ports are making a jump in their revenues for the last three months
Editorial date: 2018/9/13 10:12 • 141 times read
(Baghdad: Euphrates News) announced the Border Ports Authority, on Thursday, the proceeds of revenues achieved at sea ports for the last three months (June - July).
The revenues of these months "amounted to more than 309 billion dinars, while revenues for the same months of last year 2017 more than 137 billion dinars."
He pointed out that "through this we note the large difference in imports between last year and the current and the difference over the increase of more than 172 billion dinars, with the proposal that the difference mentioned increase in revenue includes customs fees only, except tax.
The statement added that "the achievement of a qualitative boom in revenues came as a result of the measures taken by the Border Crossing Authority since it received maritime ports in the fight against smuggling and smugglers and those who exceed the public funds and follow-up field and meetings with the managers of ports."
He pointed out that "through this we note the large difference in imports between last year and the current and the difference over the increase of more than 172 billion dinars, with the proposal that the difference mentioned increase in revenue includes customs fees only, except tax.
The statement added that "the achievement of a qualitative boom in revenues came as a result of the measures taken by the Border Crossing Authority since it received maritime ports in the fight against smuggling and smugglers and those who exceed the public funds and follow-up field and meetings with the managers of ports."
Asadi: There is no justification for declaring the emergency government in Iraq
13-09-2018 12:07 AM
There is no justification for declaring such a government," MP Ahmad al-Asadi, a spokesman for the Fatah alliance, said Wednesday .
"Iraq does not need the emergency government because there is no justification for the announcement of the emergency government, " al-Asadi told a news conference attended by the Tigris channel .
He added that "the coming days will witness the selection of a person to head the government to meet the conditions of religious authority, which express the will of the people and give the outlines of the political process ."
He explained that "the candidate of the coalition building will be in the session next Saturday, either the only one or one of the candidates most likely to head the government," denying that "there will be a return to the five-party alliance to form the largest bloc within the House of Representatives ."
He pointed out that "the insistence of the Iraqi forces to reject the American intervention in the political process made it move more freely," stressing that "there are common interests with Iran and can not any external interference imposed to form a government against us.
Iraq loses the post of Assistant Secretary General of the Arab League because of the refusal to implement Jaafari for the option of Abbadi
01:52 - 13/09/2018
Cairo Mawazine News
Iraq and the meeting of Arab foreign ministers lost the post of Assistant Secretary-General of the Arab League because of the refusal of the implementation of Foreign Minister Ibrahim al-Jaafari for the option of Prime Minister Haider Abadi
Iraq and the meeting of Arab foreign ministers lost the post of Assistant Secretary-General of the Arab League because of the refusal of the implementation of Foreign Minister Ibrahim al-Jaafari for the option of Prime Minister Haider Abadi
The Minister of Foreign Affairs refused to implement the directive of the Prime Minister issued to the Ministry of Foreign Affairs on 28/8/2018 to keep Dr. Fadhel Mohammed Jawad as a candidate for Iraq for the post mentioned (and this means renewing his service for another five years) Assistant Secretary-General, who had previously been rejected at the ministerial meeting in March 2018.
The Council of Arab Foreign Ministers yesterday rejected this candidacy again.
After Jaafari refrained from renewing Dr. Fadel Mohammed Jawad despite the insistence of the Secretary-General of the Arab League to keep it with the support of the Arab countries at the same time was rejected the appointment of Dr. Safi Mahalla.
After Jaafari refrained from renewing Dr. Fadel Mohammed Jawad despite the insistence of the Secretary-General of the Arab League to keep it with the support of the Arab countries at the same time was rejected the appointment of Dr. Safi Mahalla.
Egypt, a diplomat said that by this intersection, "lost the post on Iraq after he received in 2013 the efforts of the former prime minister, a position he received during the age of the Arab League, which is more than seventy years."
What is the economic benefit behind the tariff amendment?
13/09/2018 2 hours ago Written by Abdullah Majdi
President Abdel Fattah al-Sisi on Wednesday ratified the issuance of Law No. 419 of 2018 on "Tariff Tariff", as proposed by Minister of Finance, Dr. Mohamed Muait, and the approval of the Supreme Council for Tariff.
Magdy Abdel Aziz, adviser to the Minister of Finance for Customs Affairs, said that the amendment of the Tariff Law aims to treat customs distortions, arguing that the new tariff addressed the deformities of some categories, such as semi-occupied glass by 50%, while the finished glass is subject to only 10% Was introduced in the new tariff, and considered that the fears of importers and traders of high prices are unfounded.
The amendment of the Tariff Law is part of the State's plan for the economic reform program, said Dr. Fakhri al-Faki, an economist and former IMF adviser, explaining that it aims to protect local products from unfair and unfair competition, as well as increasing customs revenues.
Al-Faqi explained to Al-Watan that the decision to establish the Supreme Council for Tariff, one of the most important decisions, will help to develop appropriate customs tariffs in accordance with the interests of local industries and citizens. The Council requires coordination between the Ministry of Finance and the ministries concerned with importation such as catering, Do not touch the local industry.
He added that the decision to reduce the tariff on some goods comes in order to conduct internal adequacy of goods to suit citizens. The decision to raise the tariff on some products such as cat food and dogs, comes to reduce the import of non-essential goods and reduce the rate of foreign exchange out of the country .
Dr. Bakri Attia, Dean of the Faculty of Commerce, Al-Azhar University, said that the amendment of the Tariff Law comes in order to balance the internal market and protect local industries and meet the needs of citizens.
Attiyah explained to the "homeland", that the new tariffs need the state to do a lot of effort in the control of traders to eliminate any attempt to manipulate these tariffs, and to ensure control of the internal market.
Kauaihn Iraq Articles:dd
Sadr and Amiri agree to abide by the conditions of Sistani to choose the prime minister
Thursday, 13 September 2018
The leader of the Sadrist movement Moqtada al-Sadr and the head of the Fatah alliance Hadi al-Amiri agreed to speed up the formation of the new government and naming the three presidencies.
An Iraqi source said in statements to Alsumaria News that "the leader of the Sadrist movement Moqtada al-Sadr received in Najaf yesterday, the head of the Fatah alliance Hadi al-Ameri."
The sources added that «the two sides agreed to accelerate the formation of the government and the naming of the three presidencies», pointing out that «they stressed the need to adhere to the constitutional deadlines and attributes set by the reference to the next prime minister», and sources quoted by the Supreme Reference of the Shiites of Iraq Ali al-Sistani, A president of a government other than the current politicians because the people have lost confidence in them.
Media sources have reported that the Shiite forces began to search for a new candidate for the post of prime minister, noting that the Shiite forces sent letters to the Sunni forces urging them to rush to resolve the candidate for the post of speaker of parliament.
In the meantime, the head of the bloc, "Biarq al-Khair" in the Iraqi parliament, Mohamed Khalidi said yesterday, the Sunni parties failed to reach consensus on a candidate for the presidency of parliament.
Khalidi explained that «the number of candidates for the presidency of the Iraqi parliament has so far 9 candidates, and pointed out that this increase in the number of candidates came because there is no consensus between the political blocs on a particular candidate».
Khalidi said that «the mechanism to be adopted at the next meeting is to put candidates in parliament to vote on them, and get the votes of 166 deputies is the speaker of parliament, and if none of the candidates the number of votes needed to be resorted to the second round».
"The second round involves the adoption of the highest two candidates obtained the votes of members of parliament, and are put to compete again, and who gets the highest votes becomes a speaker of parliament."
Kurdish PM, British Envoy Discuss Political Process in Iraq
13/09/2018 - 00:25
Kurdistan
Kurdish PM, British Envoy Discuss Political Process in Iraq
ERBIL - Kurdistan Region Prime Minister Nechirvan Barzani received on Wednesday the British Ambassador to Iraq Jon Wilks for talks on the latest political developments across the country.
During the meeting, according to a press release by Barzani's press office, the pair exchanged views on the underway efforts to form the future government in Baghdad, where the British envoy stressed on the role of the Kurdistan Region in the process of formation the new cabinet as well as the future political process in Iraq, including resolving the remaining disputes between Erbil and Baghdad through peaceful dialogue.
Concerning the upcoming regional parliamentary election, which is set for September 30, Wilks hoped that the vote will be held as scheduled, the statement added
Barzani, in return, highlighted the discussions between Erbil and Baghdad, stressing on the unity of the Kurdish factions in Baghdad.
British satisfaction to hold the Kurdistan elections on time
Nechirvan Barzani received her ambassador in Iraq
13/09/2018 - 01:09
News / Kurdistan
News / Kurdistan
The Prime Minister of Kurdistan Region, Nezhirvan Barzani, on Wednesday evening, with the British Ambassador in Iraq John Wilkes and his accompanying delegation, the latest developments and talks on forming a new Iraqi government, where the delegation stressed the need for the Kurdistan Region to play a role in forming the new government and participate in its decisions.
He also stressed the need to solve the problems between Erbil and Baghdad through dialogue, praising the initiatives of the Prime Minister in this area.
The delegation also expressed its satisfaction with holding the elections of the Kurdistan Parliament on schedule, hoping to conduct it successfully.
For his part, Barzani said to the talks between Iraqi political forces and the Kurdistan Region, stressing the unity of the word and unity of the Kurdish blocs and the strength of the status of the Kurdistan Region in Baghdad, stressing at the same time the importance of participation and the positive role of the region in parliament and the Iraqi government to solve the next problems of Iraq and the problems of Erbil - Baghdad.
Barzani also expressed his satisfaction with the participation of most of the Kurdish political forces in the elections of the Kurdistan Parliament, pointing to the start of the electoral campaign and continue in an orderly manner, expressing the hope that after the elections formed a government capable of implementing the planned reforms.
Research on the situation in the region, particularly on the security and political sides, was another aspect of the meeting.
Mustafa al-Feki: Sudan, Algeria and Iraq have a special relationship with Egypt
13/09/2018 25 minutes ago
Dr. Mostafa El-Feki, political thinker and director of the Bibliotheca Alexandrina, said that there are three countries that have a very special relationship with Egypt, namely Sudan, Algeria and Iraq.
"Egypt and Sudan have a common destiny," he said, adding that Algeria is an important country on the African and Arab levels. But there is a historical problem because we are more than Al-Manna on Algeria. And help them.
He added that Iraq is the second country in the Arab world after Egypt, and there is a kind of competition between the two countries, such as the Fatimids and Abbasids always like to recognize that if they are not equal to the Egyptians are the next to us.
Mawazine News apologizes to its readers for publishing the news of the departure of foreign journalists from Iraq
12:13 - 13/09/2018
Baghdad - Mawazine News
Mawazine News apologizes for the publication of the "Western embassies' request to leave their journalists from Iraq".
Mawazine News apologizes for the publication of the "Western embassies' request to leave their journalists from Iraq".
The agency reported yesterday that the British and European embassies have asked foreign journalists to leave Iraq because of security risks, according to information provided by the agency's correspondent in Amman and found to be untrue and accordingly Mawazine News is apologizing to its esteemed readers, security forces and the Iraqi people. Security in Iraq is stable.
"This apology comes from the position of journalistic and professional responsibility and the credibility that the public has returned to them.
On Wednesday, the Interior Ministry sent a reassuring message to Western journalists and said it would hold a reconnaissance seminar tomorrow at the Reda Alwan cafe in Karrada district, central Baghdad.
Study:Egypt and Iraq among the most miserable countries in the world in 2017
12.09.2018 | 21:36 GMT |
A study by the Gallup Institute of Public Opinion Studies found that 2017 was one of the most suffering years in the world in more than a decade and identified the most affected countries in the opinion of the population of 145 countries.
The study found that the most suffering country in the world is the Central African Republic, which replaced Iraq in the first place in the classification, according to the so-called "negative experience index," where Central Africa got 61 points in this classification, the largest negative index in the history of studies globally .
Followed by Iraq in the second place of the negative rating, and also Egypt, South Sudan, Chad and Sierra Leone among the most affected by the classification, which was prepared on the basis of population surveys.
Latin America became the most positive region, with Paraguay ranking first in the "Positive Experience Index" category. Followed by Colombia, El Salvador, Guatemala and Canada.
Iceland was the only European country among the 12 most positive countries. As did any Asian country except Indonesia and Uzbekistan.
According to the study, the year 2017 became the most suffering year for the world population in the history of these studies, which began in 2005.
Forty percent of respondents said they were worried or nervous yesterday. Twenty percent were angry, 23 percent were sad and 31 percent suffered physical pain.
The study involved 154,000 people in 145 countries
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
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GLOBAL/NEWS/INFO
Could a Crash Spur Advisor Lawsuits?
Barron's
Barron's
Lawyers ready to pounce on reverse churning. Read the full story
Opinion | First, a Financial Crisis. Then a Geopolitical Crisis.
The New York Times
“We are still living with the consequences of 2008.” Read the full story
6 Wealth Building Alternatives Without Buying Stocks
Forbes Magazine
Building wealth with the stock market has always been a possibility, but what if you prefer to hedge your bets and invest elsewhere as well? This post goes over the top ways to build wealth outside the stock market and on your own terms. Read the full story
How a tax-efficient financial advisor can help you
CNBC
In an ideal world, your financial advisor and your CPA will work together to identify ways to reduce your tax bill in the current year and beyond. Read the full story
OIL/COMMODITIES/ENERGY
Gold Falls as U.S. Dollar Rallies
Investing.com
Investing.com
© Reuters. Gold fell on Tuesday. Read the full story
Central Banks Go On Gold Buying Spree Over Dollar Worries
Forbes Magazine
Forbes Magazine
The central bank gold buying frenzy has now entered its second decade in part driven by countries from the former Soviet Union, according to recent data. Read the full story
Gold poised for a third consecutive decline as investors favor the dollar
MarketWatch
Gold remains below the closely watched $1,200 line, heading for third consecutive session decline as investors continue to favor the dollar, pushing the currency higher month to date. Read the full story
Crude Oil Prices Settle Higher, Led by Surging Gas Prices on Hurricane Fears
Investing.com
© Reuters. Crude oil prices settled higher on Tuesday as Hurricane Florence approach the U.S. East Coast. Read the full story
Oil rises more than 2 percent as U.S. sanctions on Iran squeeze supply
Reuters
Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Read the full story
EIA lifts oil-price forecasts, lowers U.S. crude output expectations
MarketWatch
The U.S. Energy Information Administration on Tuesday raised its 2018 and 2019 price forecasts on West Texas Intermediate and Brent crude oil prices, while lowering its U.S. production expectations for this year and next. In its monthly energy outlook report, the government agency forecast an average WTI price of $67.03 a barrel for this year, up 1.2% from the August forecast. For 2019, it forecast $67.36, up 4.7%. The EIA also lifted its average Brent forecast by 1.5% to $72.84 this year, and Read the full story
Commodities - U.S. Crude Jumps, on Track to Break 4-Day Losing Streak
Investing.com
© Reuters. Oil prices jump 1% ahead of weekly crude inventory data. Read the full story
BANKS/BANKING/CREDIT
HSBC to bolster Asia private banking headcount, double client assets
Business Insider
Business Insider
A logo is pictured on HSBC bank in Geneva Thomson Reuters By Sumeet Chatterjee HONG KONG (Reuters) - HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world's fastest-growing wealth market, top executives said. The lender's private banking expansion plan in Asia, which accounted for 75 percent of group-level profit last year, comes as the unit that caters to the rich Read the full story
Exclusive: U.S. regulators reject Wells Fargo's plan to repay customers - sources
Reuters
U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with the matter told Reuters. Read the full story
Judge blocks U.S. fund's lawsuit against Wells Fargo over 'vol-mageddon'
Reuters
A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday. Read the full story
The Bank of Russia Says Its ICO Experiment Was a Success
CoinDesk
The Bank of Russia has successfully concluded an experiment in conducting ICOs, though questions remain as to their legality in the nation. Read the full story
The feds haven’t done what’s needed to prevent the next bank mega-bailout
New York Post
Ten years ago, the nation’s banking system collapsed, prompting a massive federal bailout that likely prevented a second Great Depression — but couldn’t contain the enormous instability that still plagues the American economy and which contains the seeds of a potential sequel. That doesn’t mean a crash is imminent, or that policymakers in Washington didn’t take steps to make the banks safer, because they did. But they also made the financial system less safe in some ways, while ignoring a Read the full story
American Express has a credit card for the super rich—and it might be thanks to Jerry Seinfeld
CNBC
The American Express Centurion, or Black Card, supposedly helps cardholders buy anything they desire, no matter how inaccessible. Read the full story
Jamie Dimon and JP Morgan are the big winners on Wall Street since Lehman, tripling investors' money
CNBC
Nearly any way you look at it – stock performance, revenue, share in businesses from deposits to bond trading, Jamie Dimon has outdone his rivals among big U.S. banks. Read the full story
The 8 best no-fee credit cards to open in 2018
Business Insider
Depending on the rewards, perks, and benefits you'll get, it can be worth paying an annual fee for a credit card. However, there are still great and rewarding no-annual-fee credit cards worth considering. Here are a few of the best ones, including our top choice: the new Wells Fargo Propel American Express® card. Many people feel that paying an annual fee for a credit card is insane. Why should you pay to spend money? I'll confess that I used to be in this camp. However, I've learned that, when Read the full story
JPMorgan is working on a way to reward you to improve your credit score, and it may be the future of consumer finance
Business Insider
JPMorgan CEO Jamie Dimon and consumer banking chief Gordon Smith attend the 2015 US Open Maddie Meyer/Getty Images JPMorgan CEO Jamie Dimon said the bank is considering ways to reward customers for boosting their credit scores, such as offering rewards points or reducing the rate on their loan, according to an interview he gave to Business Insider. The ideas are part of a larger effort at the firm's consumer bank to help consumers improve their financial health. In the coming months, the firm Read the full story
Here’s what J.P. Morgan says could cause the next financial crisis
MarketWatch
Will yesterday’s rescue be tomorrow’s risk? Read the full story
TREASURIES/BONDS/STOCKS
CRYPTO'S / DIGITAL CURRENCY
Top 5 Things to Know in The Market on Wednesday
Investing.com
Investing.com
© Reuters. Top 5 Things to Know in The Market on Wednesday Read the full story
Is an economic recession coming? This market guru says yes
Fox Business
A tightening Federal Reserve monetary policy and an international trade war could cool the economy. Read the full story
Stress-testing the trade war: Possible bear market in stocks looms for US
CNBC
Running a series of different scenarios in the U.S.-China conflict, experts at FactSet have come up with a worst-case scenario, one in which the U.S., along with a few others, would see a bear market emerge. Read the full story
Ten years after the financial crisis, one trader sees a way to protect against another crash
CNBC
Ten years ago this week, Wall Street was facing the worst stretch of one of the biggest financial crises in its history. To the battle-scarred investor fearful of another market crash, one trader has a strategy. Read the full story
CRYPTO'S / DIGITAL CURRENCY
Cryptocurrency ether hits lowest point of the year, extending its 2018 nosedive
CNBC
CNBC
Ether hit a new low for the year Tuesday, extending what's been a brutal nine months for the world's second largest cryptocurrency. Read the full story
U.S. securities law can cover cryptocurrencies, judge rules
Business Insider
FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture Thomson Reuters By Brendan Pierson NEW YORK (Reuters) - U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. The ruling from U.S. District Judge Raymond Dearie in Brooklyn allows federal prosecutors to pursue Read the full story
The Winklevoss stablecoin is one small step toward crypto acceptance
TechCrunch
A stablecoin is a cryptocurrency pegged 1-to-1 with another "stable" currency. ... Read the full story
SEC Hits Crypto Asset Fund and 'ICO Superstore' With Penalties
CoinDesk
The SEC announced twin agreements with two different cryptocurrency-related companies Read the full story
Bitcoin Price Awaits Next Move as Trading Range Narrows
CoinDesk
Bitcoin (BTC) is being squeezed into a tight trading range with neither bulls nor bears currently having the upper hand. Read the full story
In First, FINRA Files Fraud Complaint Against Crypto Broker
CoinDesk
The Financial Industry Regulatory Authority (FINRA) has filed a securities fraud complaint against a cryptocurrency broker. Read the full story
Traders are making record bets for digital currency Ether to fallMarketWatch
The amount bet by traders against the second largest digital currency is at a record, according to data from one of the largest cryptocurrency exchanges. Read the full story
Ethereum crashes to a 16-month low
Business Insider
Vitalik Buterin, the founder of ethereum. Ethereum is down over 8% to below $170 on Wednesday morning. The cryptocurrency has fallen more than 30% over the last 7 days amid a wider slump in crypto markets. You can follow live cryptocurrency prices on Markets Insider. Cryptocurrency ethereum crashed by over 8% on Wednesday, extending a slump for the asset and the wider market. Ethereum is down 8.6% to $169.12 at just after 9.30 a.m. GMT (4.30 a.m. ET), a level not seen since May 2017 when Read the full story
Cryptocurrencies are now worth less than $186 billion, the lowest level this year
Mashable
The downtrend continues. Read the full story
CURRENCIES
Forex - Dollar Edges Higher on Sterling U-Turn, U.S. Labor Data
Investing.com
Investing.com
© Reuters. The dollar rose from session lows on Tuesday. Read the full story
Forex - Dollar Ticks Higher as Trade Woes Lend Support; Sterling Dips
Investing.com
© Reuters. Dollar Ticks Higher as Trade Woes Lend Support; Sterling Dips Read the full story
Dollar struggles for direction ahead of data, central bank meetings
MarketWatch
Currency markets struggled for direction on Wednesday with two major central bank meetings — the Bank of England and European Central Bank — as well as U.S. inflation data waiting in the wings on Thursday. Read the full story
US-Sino trade war could push investors to favor yuan over the dollar, former PBOC governor says
CNBC
An escalating trade war between the world's two largest economies could persuade an increasing number of global investors to favor China's yuan over the U.S. dollar, the former People's Bank of China (PBOC) Governor Zhou Xiaochuan told CNBC Tuesday. Read the full story
Forex - Chinese Yuan Continues Slide, Japanese Yen Up
Investing.com
© Reuters. The Chinese yuan continued a moderate slide on Wednesday morning in Asia Read the full story
New government seeks return to Zim dollar
Zimbabwe's newly sworn-in finance minister said on Monday he planned to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt in a bid to revive the battered economy.
https://www.timeslive.co.za/
INSURANCE / HEALTH / SCIENCE
Walking Might Be the Best Exercise There Is
Outside
Outside
Here's the secret to a long life: keep moving Read the full story
Scientists discover a link between certain antidepressants and superbugs
Well+Good
Prozac could a big part of the antibiotic-resistance problem. Read the full story
When’s the Best Time to Get the Flu Shot?
Men's Journal
If you’re seeing leaves turn yellow, it’s a sign to do more than just break out your fall wardrobe. It means it's time to get your flu shot. Yes, true flu season gears up in the middle of fall and onset of winter, but the time for vaccinations is now. “The very best method for preventing an influenza infection or illness is to be vaccinated against it, and it's best [to get it] as soon as the vaccine becomes available—generally late summer or early fall,” says Pedro Piedra, M.D., professor of Read the full story
Scientists try to create ‘minibrains’ to mimic the human mind
The Washington Post
Human ‘minibrains’ are far from conscious, but scientists say it’s time to talk about ethics. Read the full story
USA
/ CANADA
FEMA issues dire warnings ahead of ‘very dangerous’ Hurricane Florence
NBC News
NBC News
“We cannot stress the importance to our citizens that are in evacuations to heed the local and state warnings,” a FEMA official said. Read the full story
Lagarde: 'We all need our neighbors'
CNN
Christine Lagarde, Managing Director of the IMF, responding to Trump's threats to exclude Canada from a free trade zone says: "We all need our neighbors." Read the full story
Bolton's shot at global court draws ire of U.S. allies, foes
POLITICO
A top German official says the court "represented an important step in the fight against impunity." Read the full story
Canada's Freeland says U.S. NAFTA talks still constructive, productive
Reuters
Canadian Foreign Minister Chrystia Freeland said on Tuesday that discussions with the United States about forging a new North American Free Trade Agreement were still constructive, so the two sides agreed to meet again for further negotiations. Read the full story
EMERGING MARKETS
It's time to dip your toe back into emerging markets, strategist says
CNBC
CNBC
A spat between the U.S. and Turkey and some surprising moves by the Turkish central bank has led to a sharp sell-off in the Turkish lira this summer. Read the full story
Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets
International Business Times, UK Edition
Weak economic fundamentals, not blind investor panic, has driven a summer of currency crises. Read the full story
The IMF & President Macri: Argentina's Credit Rating At Risk
Forbes Magazine
Definitely cry for me, Argentina! Read the full story
US official: Venezuela government 'steals from food programme'
BBC News US
A US treasury official says Venezuela's government is overcharging for food and pocketing the excess. Read the full story
Stocks inch off three-week lows but little respite for emerging markets
Reuters
Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, with the Indian rupee plumbing new record lows. Read the full story
Emerging Markets Are Busting, Again
The New York Times
The on-again, off-again love affair between investors and high-growth, developing economies is decidedly off again. It was bound to happen sooner or later. Read the full story
MIDDLE EAST
U.S. warns Iran it will respond to attacks by Tehran 'proxies' in Iraq
Business Insider
Business Insider
WASHINGTON (Reuters) - The United States warned Iran on Tuesday it will "respond swiftly and decisively" to any attacks by Tehran's proxies in Iraq that result in injury to Americans or damage to U.S. facilities. The statement by the White House press secretary accused Iran of not preventing attacks in recent days on the U.S. Consulate in Basra and the American Embassy compound in Baghdad. (Reporting by Eric Beech; Editing by Mohammad Zargham) Read the full story
The Latest: Iran warns US, UK and France not to attack Syria
Business Insider
BEIRUT (AP) - The Latest on developments in Syria (all times local): 21:40 Iran's U.N. ambassador is warning the U.S., Britain and France against using force against Syria "under the pretext" of its alleged use of chemical weapons. Gholamali Khoshroo told the U.N. Security Council Tuesday that Syria's declared chemical weapons have been destroyed and this would only be "a fabrication to use force" and "further complicate the situation." Khoshroo was addressing a council meeting on last Friday's Read the full story
UN boosts Palestinians as Trump administration cracks down
Fox News
As the U.S. is realigning its stance in the Middle East to favor a more pro-Israel policy, the United Nations is doing the opposite - a U.N. bloc of developing countries has decided to hand Palestine a key leadership role, raising concerns that a push for full member status is not far behind. Read the full story
The blunders of MBS and how Saudi Arabia can reclaim its sovereignty
TRT World
The blunders of MBS and how Saudi Arabia can reclaim its sovereignty Read the full story
AFRICA
Can the African continent be powered exclusively by renewable energy?
CNN
CNN
President Josef Abramowitz of Gigawatt Global talks about why he thinks it's possible for the continent to be powered exclusively by renewable energy. Read the full story
Zimbabwe opposition leader plans mock inauguration in challenge to president
Reuters
Zimbabwe's main opposition leader Nelson Chamisa may take a mock presidential oath on Saturday, his spokesman said, three weeks after President Emmerson Mnangagwa was inaugurated following a court decision upholding his disputed election victory. Read the full story
Zimbabwe’s new cabinet sparks hope to rebuild its wrecked economy
FurtherAfrica
Since the country went to the polls on July 30, political uncertainty became apparent due to events which emerged shortly after the election. Read the full story
Zimbabwe declares state of emergency in cholera outbreak
CNN
Zimbabwe's government has declared a state of emergency in the capital Harare after 20 people died of cholera. Read the full story
Africa: Who Will Heal Zimbabwe? Public Opinion Points to Steps Toward Nation-Building (Afrobarometer)
AllAfrica
Harare, Zimbabwe Though polarized and distrustful of political adversaries, Zimbabweans would welcome a wide range of specific actions to help heal the country in the wake of its disputed election, a new analysis from Afrobarometer suggests. Public opinion survey data from 1999 through July 2018 document Zimbabwe's deep divisions, including: - High levels of social and political distrust, especially among supporters of opposition political parties. - A political divide deeply embedded in Read the full story
Zimbabwe: Ruling Party Hosts World Youth Summit
AllAfrica
The Zanu-PF Youth League is hosting the World Federation of Democratic Youth (WFDY) Summit in Harare which begins today. Youths from 23 African countries and 10 outside the continent are expected to grace the occasion. WFDY is an international youth organisation, recognised by the United Nations and African Union as an international youth non-governmental organisation. It is anti-imperialistic and left-wing. Addressing the Zanu-PF Youth League executive last night at the ruling party Read the full story
Africa: U.S. Refusal to Be Investigated By the ICC Redeems African Leaders
AllAfrica
(Photo: ThisisAfrica) America's contemptuous dismissal of the International Criminal Court's attempts to investigate allegations of torture against US soldiers in Afghanistan demands a relook of African leaders' long-standing criticism of this institution. The International Criminal Court (ICC) was established in 2002, in terms of the Rome Statute. The Rome Statute defined four international crimes: genocide, crimes against humanity, war crimes and the crime of aggression. For a long time the Read the full story
ASIA
China seeks WTO permission to impose sanctions on US
Fox News
Fox News
China wants to impose $7 billion a year in sanctions on the U.S. Read the full story
Stocks up as China looks to WTO to impose sanctions on the US
Yahoo Finance
Over a million people told to evacuate as Hurricane Florence continues its path towards the East Coast Read the full story
Vladimir Putin Makes Pancakes With China's Xi As They Criticize Donald Trump's Protectionist Trade Policy
Newsweek
Photos emerged of the two men pouring pancake batter into a skillet while wearing matching aprons. Read the full story
Europe leads fightback after Asian shares floored again
Reuters
Gains in Europe helped steady global stock markets on Monday, after rising anxiety about the U.S.-China trade war and further Fed rate hikes gave Asia its longest losing streak since the end of 2015. Read the full story
Russia is much closer to China than the US now, the head of Russia's wealth fund says
CNBC
Russia is now much closer to China than the U.S., the head of Russia's sovereign wealth fund told CNBC Tuesday. Read the full story
Asia stocks wobble near 14-month lows on simmering trade worries
Reuters
Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict. Read the full story
EUROPE
EU parliament to vote on rebuking Hungary's Viktor Orban
Aljazeera
Aljazeera
The European Union parliament will vote on Wednesday whether to punish Hungarian Prime Minister Viktor Orban for undercutting democracy and breaching "common values of the EU", including pushing the passage of anti-immigrant laws. If the so-called Article 7 of the Lisbon Treaty is triggered, it would set in motion a process that could lead to sanctions such as a suspension of Hungary's voting rights in the EU, and put the bloc on a collision course with Orban, who on Tuesday vowed to defy the Read the full story
Russia says ASF might have come to China from the EU
Business Insider
MOSCOW (Reuters) - The African Swine Fever (ASF) virus may have came to China from the European Union, Russian agriculture safety watchdog said on Tuesday, citing results of its own research. The U.N. Food and Agriculture Organization (FAO) last week said around 40,000 hogs had so far been culled in China in an attempt to stop the disease from spreading through the world's largest pig herd. "The first and most probable (version) is an import of the virus to China from one of the European Union Read the full story
Theresa May knew Brexit ‘Leave’ campaign had broken law before triggering Article 50
RT
PM Theresa May knew that the official ‘Leave’ campaign had broken electoral law prior to triggering Article 50, her lawyer has revealed, after British expatriates living in the EU seek to challenge Brexit in the high court. Read Full Article at RT.comRead the full story
As Sweden swings right, Bannon's anti-EU crusade looks north
Reuters
Having found an ally in the south and an admirer in the east, Donald Trump's former political strategist Steve Bannon is now looking north for recruits in his crusade to undermine the European Union. Read the full story
Boris Johnson says May's Brexit plan 'worse than status quo'
BBC News US
The ex-foreign secretary was at an event making the economic case for leaving the EU without a trade deal. Read the full story
Europe leads the world in boozing, tobacco use ... and living long
Bloomberg
Sitting by a pristine lake in the Bavarian Alps, a group of twenty-something Germans seems to have woefully misunderstood the messages of health officials on what constitutes a beneficial lifestyle. “One beer a day is healthy,” says Amelie Land, popping open a bottle of local brew. “Even the doctor says that.” “We may smoke,” adds Erik von Wagenhoff as he puffs on a hand-rolled cigarette, “but we do it responsibly.” In fact, the dangers of smoking are well known, and a recent study found thatRead the full story
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CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 9/13/18 did update on the indicative rates Sell Rate 1190
The currency auction is
There is one news and announcements.
1.
The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions.
September 13, 2018
The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for "the prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq. "
This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .
This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .
Kauaihn Chatter:dd
http://www.dinarguru.com/
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem havingsanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-12-2018 Guest Guru BobTheTaxMan …we’ve had this huge burst of growth here in America…These tax laws have been the pinnacle as far as I’m concerned, the reason why we are seeing so much change in our world of finance for America…is really based entirely on the taxes…the new 2018 taxes is a true blessing for those of us who have dinar.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories.But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seatin
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seatin
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-11-2018 Intel Guru Delta ...CBI TOLD US WHAT THEY ARE GOING TO DO...Quotes: "Governor of the Central Bank...the Bank 's plan to modernize the currency in circulation and the deletion of zeros." "The Central Bank of Iraq announced its intention to raise large amounts of local currency, with small categories, while continuing to receive the damaged currency from the citizens and replace it with new." IT'S ONE EVENT. (Wink) ...IT'S...DONE...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles posted on PM Abadi's website.
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ARTICLE 2
Tweet posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 9-12-2018 around 8:30 am Eastern
PM @HaiderAlAbadi visits several projects in Basra, says the @IraqiGovt is working with local authorities and the people of the province to deliver rapid and tangible improvements to water and other essential service
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ARTICLE 3
Coalition victory: Our only candidate for prime minister is Haider Abadi to save Iraq
BAGHDAD - September 12 - A spokesman for the al-Nasr coalition in a statement on Wednesday attributed the candidacy of Prime Minister Haider al-Abadi to the re-election of the prime minister to his success in managing war, peace and economy, as well as his ability to achieve services, Upper Iraq.
"Victory brings a vision and a developmental and service reform project capable of putting the country on the path of stability and growth and all political forces must engage in a national project away from quotas," said Hussein al-Adly, And the policy of international regional axes with a view to consolidating the rule of institutions, the servant authority and the free state
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ARTICLE 4
Intensive movement to name the three presidencies before Saturday's meeting and signs of a breakthrough in the crisis of the presidency of Parliament
BAGHDAD - September 12 - The leader of the current wisdom Fadi Shammari, on Wednesday, the movement led by the coalition "reform and reconstruction" to nominate the three presidencies before the parliamentary session scheduled for Saturday.
Al-Shammari wrote in a tweet on his Twitter site that "the Alliance of Reform and Reconstruction, leading the movement of various components to resolve alliances with the coalition of the conquest, and the Kurdish forces, according to the draft national majority," noting that "next Saturday to resolve the new presidencies and effective reformist government.
In the same context, the MP announced the alliance of conquest Ashwaq al-Mayawi, achieving a breakthrough in the political crisis between the blocs to agree on the speaker of the parliament and his deputies, and the Republic to form a government.
Al-Miyawi said in a press statement that "there is optimism of the political crisis between the various blocs to agree on the President of the House of Representatives and his deputies, and then President of the Republic, which nominates the candidate of the largest bloc to form a government."
She pointed out that "the presidency of the parliament in the event of voting on it we can say that we are moving in the right direction."
"The blocs are determined to shorten the distance between them by forming a government and before choosing a candidate for the presidency of the House of Representatives and the Republic." Finished (1)
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ARTICLE 5
European Union formally lifts sanctions on the Central Bank of Iraq
2018/9/13 10:41
[Ayna-Baghdad]
The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the Union on the institutions.
A statement issued by the Central Bank of Iraq (KNA) said that the decision came "through its publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the previous regime, which provided for [the prohibition of dealing with a group of financial institutions and non Iraqi Finance, including the Central Bank of Iraq]. "
He pointed out that "this step comes as the Iraqi Central Bank achieved significant progress in improving its performance and the application of international regulations and standards in this field. This bank shows that under these recent amendments will allow the international financial banking institutions to deal with the new instructions as it has become a reliable financial institutions to deal with European international institutions ".
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