Legal expert: Abdul Mahdi's government has become constitutional
{Baghdad: Al Furat News} Legal expert Jamal al-Asadi confirmed that the government of Abdul Mahdi has become constitutional.
Al-Asadi told the {Euphrates News} that "once the swearing-in of ministers becomes Adel Abdul Mahdi, the Prime Minister officially."
"The list of 14 ministers broke the legal period and became prime minister free to form a new government."
"The swearing-in does not require a legal quorum, and officially Abdul-Mahdi became prime minister," al-Asadi said
Parliament votes to approve 14 ministries in the government of Abdul Mahdi (know them)
"The list of 14 ministers broke the legal period and became prime minister free to form a new government."
"The swearing-in does not require a legal quorum, and officially Abdul-Mahdi became prime minister," al-Asadi said
Parliament votes to approve 14 ministries in the government of Abdul Mahdi (know them)
link nice easy list
.. The House of Representatives, during the meeting held to pass the government of Prime Minister-designate, Adel Abdul Hadi, the selection of a number of ministers.
The following are the names of ministers voted by the House of Representatives:
Minister of Oil - Thamer Abbas Ghadhban
Minister of Finance - Fuad Hussein
Minister of Communications - Naeem Thajeel Al-Rubaie
Minister of Construction and Housing - two banks Ricani
Minister of Foreign Affairs - Mohamed Ali Hakim
Minister of Agriculture - Saleh Hussein
Minister of Youth - Ahmed Riad
Minister of Health - Alaa Abdul Saheb
Minister of Industry - Saleh Al Habouri
Minister of Electricity - Fouad Al - Khatib
Minister of Transport - Abdullah Allaibi
Minister of Labor and Social Affairs - Bassam Al-Rubaie
WOTS Wednesday 10/24/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,186.0000 | 1,167.7000 | 1,171.0000 | | 17:05 |
| USD/VND | | | 23,313.5000 | 23,011.7000 | 23,076.6000 | | 12:00 |
| USD/CNY | | | 6.9465 | 6.9261 | 6.9375 | | 12:32 |
| USD/KWD | | | 0.3034 | 0.3023 | 0.3029 | | 16:58 |
| GBP/USD | | | 1.3040 | 1.2939 | 1.2964 | | 17:31 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 15,263.9000 | 15,157.5000 | 15,263.9000 | | 16:58 |
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DC NY Iraq Articles:dd
URGENT Official statement: Parliament holds its meeting tomorrow at 8 pm
Release date: 2018/10/23 21:57 • 111 times read
{Baghdad: Al Furat News} According to an official statement of the House of Representatives, that the Council will hold Wednesday evening session.
The statement was received by the agency {Euphrates News} copy of it "will be held the ninth session of the House of Representatives on Wednesday, at 8 pm."
It was reported that Prime Minister-designate Adel Abdul-Mahdi will present his proposed ministerial form to parliament on Wednesday, and the meeting will be held at 6 pm.
It was reported that Prime Minister-designate Adel Abdul-Mahdi will present his proposed ministerial form to parliament on Wednesday, and the meeting will be held at 6 pm.
Official television: Abdul Mahdi will formally present his government in tomorrow's session
Tuesday, October 23,
Alsumaria News / Baghdad
State television announced on Tuesday that Prime Minister-designate Adel Abdul-Mahdi will formally present his government in the House of Representatives session tomorrow.
State television announced on Tuesday that Prime Minister-designate Adel Abdul-Mahdi will formally present his government in the House of Representatives session tomorrow.
"The Prime Minister-designate Adel Abdul-Mahdi will formally introduce his government to the House of Representatives in its meeting to be held tomorrow at 6 pm," the television said in a news item followed by Alsumaria News.
The media office of Iraqi Prime Minister-designate Adel Abdul-Mahdi announced on October 17, 2018, that the latter intends to present his cabinet to parliament this week.
Abadi warns the parliament of delaying the adoption of the budget and determine the source of the bombings
Editorial Date: 2018/10/23 19:58 • 72 times read
(Baghdad: Al Furat News) Prime Minister, outgoing Haider Abadi, the House of Representatives delayed the adoption of the financial budget for 2019.
"We do not want to leave burdens on the new government because it is in the formation of the formation and it takes a long time to study the budget and we fear that the delay in approving the budget will cause damage to the state's interests," Abadi said during his weekly press conference. "We are keen to abide by the law. "He said.
"The budget ended last week and was adopted at $ 56 per barrel," he said, warning of "the instability of oil prices and the seriousness of the rate this month was $ 79 a barrel in October, a significant rise, while the rate per barrel this year between 65 - 66 dollars" .
Abadi stressed that his government "could not benefit from the high prices because it set the budget before that rise and could not benefit from the increase only in the last three months where we needed to increase the allocations of popular mobilization and security forces and armed according to the text of the budget."
He pointed out that "the need for Iraq to reconstruction and must be a good financial situation to start it," noting that "the rise in oil prices a quantum leap for the country," pointing out that "the security implications on the next budget will be less and our relations with foreign countries better and there are investments and business leaders and there is peaceful circulation of the government Encourages investment in Iraq, a message we are telling everyone that the position is not the cause of the conflict. "
Abadi said that "the remnants of a fugitive in the Syrian desert allows the terrorists movement, so they must be eliminated near the Syrian border and want to end calling there, the most terrorist operations carried out in Iraq are within Syria."
"There will be no government vacuum if confidence is withdrawn from the government where it becomes a business," he said. "The prime minister-designate is in charge of the government cab. It would create a new government and therefore I will not interfere in this work and I have facilitated it."
"The budget ended last week and was adopted at $ 56 per barrel," he said, warning of "the instability of oil prices and the seriousness of the rate this month was $ 79 a barrel in October, a significant rise, while the rate per barrel this year between 65 - 66 dollars" .
Abadi stressed that his government "could not benefit from the high prices because it set the budget before that rise and could not benefit from the increase only in the last three months where we needed to increase the allocations of popular mobilization and security forces and armed according to the text of the budget."
He pointed out that "the need for Iraq to reconstruction and must be a good financial situation to start it," noting that "the rise in oil prices a quantum leap for the country," pointing out that "the security implications on the next budget will be less and our relations with foreign countries better and there are investments and business leaders and there is peaceful circulation of the government Encourages investment in Iraq, a message we are telling everyone that the position is not the cause of the conflict. "
Abadi said that "the remnants of a fugitive in the Syrian desert allows the terrorists movement, so they must be eliminated near the Syrian border and want to end calling there, the most terrorist operations carried out in Iraq are within Syria."
"There will be no government vacuum if confidence is withdrawn from the government where it becomes a business," he said. "The prime minister-designate is in charge of the government cab. It would create a new government and therefore I will not interfere in this work and I have facilitated it."
URGENT Parliament presides over voting session on Abdul-Mahdi's cabin
Release date: 2018/10/23 20:44 • 101 times read
(Baghdad: Al-Furat News) Deputy Speaker of the House of Representatives, Bashir Haddad, on Tuesday, held a session of granting confidence to the government of Adel Abdul-Mahdi this weekend.
Haddad said in a press statement that "it is likely that the meeting of the House of Representatives on Wednesday or Thursday to give confidence in the new government cabins," adding that "the granting of confidence will include some ministries while the other ministries are postponed until after November 2" .
He added that "the House of Representatives awaits the request of the Prime Minister-designate to hold the meeting and then circulated its agenda to the deputies."
It is noteworthy that the remaining period before the Prime Minister-designate Adel Abdul-Mahdi to form his government 9 days, to submit the names of ministers to the House of Representatives for approval.
He added that "the House of Representatives awaits the request of the Prime Minister-designate to hold the meeting and then circulated its agenda to the deputies."
It is noteworthy that the remaining period before the Prime Minister-designate Adel Abdul-Mahdi to form his government 9 days, to submit the names of ministers to the House of Representatives for approval.
Justice declares financial approval to carry out transfers of food allocations
Release Date: 2018/10/23 17:33 • 80 times read
(Baghdad: Al Furat News) The Ministry of Justice announced the approval of the Ministry of Finance to carry out transfers for food allocations.
"After a number of contacts with the Ministry of Finance to complete the procedures and approval of the Ministry of Finance to transfer the amount of nine billion and four hundred and sixty million dinars to the provisions of feed allowance guards, which was approved recently and according to the law of reform "The provisions will be disbursed within the earliest time and from the date of maturity."
"On this occasion, the Minister of Justice directed his congratulations to all the reformist guards to complete the measures to add allowances for the livelihood allowance, while at the same time thanking them for their high sense of responsibility and their national duty and urging them to provide more service to our dear Iraq." is over
"On this occasion, the Minister of Justice directed his congratulations to all the reformist guards to complete the measures to add allowances for the livelihood allowance, while at the same time thanking them for their high sense of responsibility and their national duty and urging them to provide more service to our dear Iraq." is over
The victory coalition reveals the reality of the parliamentary movement to remove Halabousi from office
2018/10/23 17:40
Baghdad today _ Baghdad
The coalition of victory led by Haider Abadi, on Tuesday, the fact that there is a parliamentary movement aimed at the removal of Mohamed Halbusi from the presidency of the House of Representatives.
The leader of the coalition Ali al-Sunaid, told "Baghdad today," that "there are reports published by the media and pages on social networking sites talked about the existence of parliamentary movement to remove Halbusi from office," denying "authenticity, or the existence of movement and intention against Halbusi to any political bloc "He said.
He added that Al-Sunaid that "the parties that want to return to the quota in the formation of the new government, is to broadcast those rumors in order to paralyze the role of the legislative institution in particular," noting "the important role of this institution in the formation of the new Iraqi government."
Informed sources have revealed, recently, the search for political blocs to collect parliamentary signatures to remove the Speaker of the House of Representatives Mohamed Halbusi from office for "incompetence."
Kauaihn Iraq Articles:ddd
Al-Sayadi: Abdul-Mahdi gave four ministers in the next government with Sadr's science
2018/10/23 23:03 762 Editor: hr
Baghdad today - Baghdad
A member of the House of Representatives Kazem Sayadi, Tuesday (October 23, 2018), that the Prime Minister-designate of the government, Adel Abdul Mahdi, gave the alliance, "Sason" supported by the leader of the Sadrist movement Moqtada al-Sadr, 4 ministries in the next government.
Said al-Sayadi said in a television interview, followed by (Baghdad today), that "Abdul-Mahdi was given four other ministries in the next government with the knowledge of the patron of the coalition, Mr. Moqtada al-Sadr."
"All the blocs that will participate in the vote tomorrow on the government will be participating in it and those who boycott it are sure that there is no stake in the government."
The House of Representatives has set, at 8 pm on Wednesday (October 24, 2018) an official date to hold its meeting to vote on the government of Prime Minister-designate Adel Abdul Mahdi.
"The ninth session of the House of Representatives will be held on Wednesday 24/10 at 8:00 pm," the general director of the parliamentary department said in a statement received by Baghdad.
The Prime Minister designate Adel Abdul Mahdi, to submit his Cabinet officially in front of the House of Representatives to vote, according to channel "Iraq" semi-official.
"The Prime Minister designate Adel Abdul Mahdi will formally present his government to the House of Representatives tomorrow at 8 pm," the channel said, quoting unnamed sources.
Iraqi: Abdul Mahdi plans to introduce his government officially tomorrow
2018/10/23 20:42 460
Baghdad today - Baghdad
The Prime Minister designate Adel Abdul Mahdi, on Wednesday, to submit his Cabinet officially in front of the House of Representatives to vote on it, according to channel "Iraqi" semi-official.
The channel said, in an urgent news quoting unnamed sources, that "the Prime Minister-designate Adel Abdul-Mahdi will formally introduce his government to the House of Representatives tomorrow at 6 pm."
It is noteworthy that the House of Representatives, not yet set, a date for a meeting tomorrow, to vote on the next government.
With the upcoming date for the disclosure of the cabinet reshuffle of Prime Minister-designate Adel Abdul-Mahdi, and likely to witness the Parliament tomorrow, the intensification of political disputes during the past few hours, in the shadow of great silence about the next cabin, which is keen to maintain the Mahdi so far.
The coalition leader, led by Muqtada al-Sadr, took office in the next government after accusations by several parties to the alliance of "hegemony" over the next government. The head of the National Coalition, Iyad Allawi, "Reform," that "the alliance of others and Fatah has taken on the formation of the government in accordance with the political alliance is not announced and left ministries" non-key to the rest of the blocks, "warning of a" negative reflection "on the political process.
For his part, hinted the second ally of the Sadr, the stream of wisdom on the tongue of the leader Baligh Abu Bakl to such accusations, asserting that his movement "has faithfully committed to leave the option of forming a government and the selection of ministers to Adel Abdul Mahdi, did not submit candidates from under the table, "Calling on Abdul-Mahdi to" disclose the names of his cabins to the political blocs before putting them to parliament, to study and vote for the most efficient of its members. "
In turn, announced the Sunni and Kurdish forces, "insistence" to submit candidates to the government itself, asserting its ability to put up the names of efficient and fair to fill the "quotas" of ministerial portfolios, as members of the National Axis Alliance, repeatedly in press statements, that "the share of the year of the government The next is 6 ministries, "while demanding the Kurds to at least 3 ministries, says the leader of the Kurdistan Democratic Party, Shirwan Aldubardani.
The Kurdish leader Mahmoud Othman said in previous press statements that "the government of Abdul Mahdi, behind the scenes, and enveloped in all aspects of ambiguity, and no one knows the reality of how this will be, and what is the share of political parties and others," noting that "everything is said And rumors about the names of ministers, is just a guess, "while he said that the government" will be like the government of luck, share, where no one knows what they will get from their bags. "
On the other hand, the alliance "Sosron" the existence of an unspoken agreement between the leader of the Sadrist movement, Moqtada al-Sadr, and the leader of the Fatah coalition Hadi al-Ameri related to the nomination of candidates for ministerial positions, while MP Salman al-Ghuraibawi said that "his coalition will not vote on any minister offered by Abdul Mahdi, Aspirations of religious authority ".
According to the leaks, Abdul Mahdi has not yet resolved only half of his cap, and still continues his dialogues with political parties to resolve half of the other including the sovereign ministries, as confirmed by the statements of deputies of different political blocs, at a time when others spoke of "parliamentary movements" to form a block Parliamentary "to" fail "passage of the Cabinet Cab, which will be presented by the Prime Minister-designate to the House of Representatives on Wednesday.
The MP for the alliance of Saron, Bader al-Sayegh in press statements, "The MPs who wished to take ministerial positions seeking to form a parliamentary bloc to block the passage of cabinet cabins," likely to fail Abdul Mahdi to win confidence for his government during the constitutional period, "the result of variables Which occurred recently. "
Observers confirm that Abdul Mahdi can not get the confidence of parliament to his government expected, unless he got the support of the large political blocs, which have a large number of parliamentary seats, and that these blocks are not supported by parliament unless they were given important ministerial portfolios.
The Prime Minister-designate Adel Abdul-Mahdi, has vowed last week, the introduction of his cabinet and its platform during this week, while the House of Representatives Speaker Mohamed Halabousi, to see the next session of parliament to launch the government lineup, which is likely to be held on Wednesday.
Abadi talks about struggles for positions and confirms: We contributed to the smooth transfer of power
2018/10/23 19:04 658 Editor: en
Baghdad today - Baghdad
The outgoing Prime Minister, Haider al-Abadi, said Tuesday that he contributed to a smooth transition of power, without any conflict for the post of prime minister.
"We have contributed to the smooth transition of power without a struggle for the post of prime minister," Abbadi said during a weekly conference held at the government palace in the center of the capital Baghdad. "It was passed quietly from government to government, which gives a message of reassurance to investment companies and contributes to the preservation of Security achievements ".
"We hear of conflicts and appeals filed for positions here and there, but none of this happened on the highest executive authority in the country, which is the prime minister."
The outgoing Prime Minister, Haider Abadi, announced on Tuesday (October 16, 2018), directing his ministers to hand over their bags in full to the next government, while stressing that his current government has full constitutional powers.
Barzani and the EU ambassador to Iraq discuss the role of the constitution in solving political problems
Iraq News Now
21:39
Baghdad / Al-Ghad Press:
The pleasure of Barzani, adviser to the Security Council of the Kurdistan region, and the Ambassador of the European Union to Iraq, Ramón Balqua, on Tuesday, the role of the Constitution in resolving political problems, especially in the Kurdistan regions.
The pleasure of Barzani, adviser to the Security Council of the Kurdistan region, and the Ambassador of the European Union to Iraq, Ramón Balqua, on Tuesday, the role of the Constitution in resolving political problems, especially in the Kurdistan regions.
The latter received the Ambassador of the European Union to Iraq, Ramón Blaqua, today, during which they discussed the steps and efforts related to the formation of the new cab of the Iraqi government and the latest political and military developments in the region. The region, in addition to examining relations between the Kurdistan region and the European Union and the recent legislative elections in the region.
"The talks in this area are continuing and the Kurdistan region should play a real role in the political, military and security decisions," he said.
The statement added that "in another part of the meeting was discussed the role of the Constitution in resolving the problems, especially in the Kurdish areas located outside the administrative borders of the Kurdistan region."
The pleased Barzani that "Article 140 of the Constitution is the key to resolve the problems between Baghdad and the Kurdistan region," noting that "this solution will be the basis for resolving the remaining outstanding issues, such as the law of oil and gas and the budget Peshmerga :.
On the formation of the next government of the Kurdistan Region, Massur Barzani said that "the formation of a strong and coherent government based on the election results is a necessary requirement."
For his part, the EU ambassador congratulated Mazrour Barzani, "on the occasion of the success of legislative elections in the Kurdistan Region," adding that "these results will be a legal framework for a strong and stable Kurdistan."
He referred to "the efforts of the European Union in assisting the Kurdistan region," declaring "the continuation of this support for the Kurdistan Region in the field of reform and regulation of the military and security forces in Kurdistan."
He referred to "the efforts of the European Union in assisting the Kurdistan region," declaring "the continuation of this support for the Kurdistan Region in the field of reform and regulation of the military and security forces in Kurdistan."
Decisions of the Council of Ministers today {expanded}
Date of release: 2018/10/23 18:47 • 266 times read
(Baghdad: Al-Furat News) The Cabinet held its meeting on Tuesday, chaired by Haidar al-Abbadi, chairman of the Council.
"The vote was taken to oblige federations, unions, clubs and executive offices to abide by the legally prescribed period of their membership and not to exceed public bodies for the duration of their mandate," the statement said.
"The Council also voted on the draft law of ratification of the Convention on the exemption of holders of diplomatic passports and the official service of the attribute of entry between the Government of the Republic of Iraq and the Government of the Republic of Serbia."
The statement added that "the meeting also witnessed the vote on the instructions of the second amendment to the instructions of appointment on the grades resulting from the movement of owners No. 4 of 2018, while decided to grant priority in the appointment of the Ministries of Interior and Defense and the anti-terrorism to the relatives of the martyrs of liberation of the Daash.
He pointed out "the vote on the subject of the amendment of the Council of Ministers Resolution No. 397 of 2017 on the draft law amending the Social Welfare Law No. 126 of 1980".
The statement said that "the Council of Ministers discussed in detail the agricultural plan and directed by the Ministry of Agriculture to add 1 million acres for the cultivation of wheat and barley in the agricultural plan for the winter season 2018-2019 taking into account the conservation of strategic reservoirs of water from the Ministry of Water Resources."
"The Council also voted on the draft law of ratification of the Convention on the exemption of holders of diplomatic passports and the official service of the attribute of entry between the Government of the Republic of Iraq and the Government of the Republic of Serbia."
The statement added that "the meeting also witnessed the vote on the instructions of the second amendment to the instructions of appointment on the grades resulting from the movement of owners No. 4 of 2018, while decided to grant priority in the appointment of the Ministries of Interior and Defense and the anti-terrorism to the relatives of the martyrs of liberation of the Daash.
He pointed out "the vote on the subject of the amendment of the Council of Ministers Resolution No. 397 of 2017 on the draft law amending the Social Welfare Law No. 126 of 1980".
The statement said that "the Council of Ministers discussed in detail the agricultural plan and directed by the Ministry of Agriculture to add 1 million acres for the cultivation of wheat and barley in the agricultural plan for the winter season 2018-2019 taking into account the conservation of strategic reservoirs of water from the Ministry of Water Resources."
Halabousi is discussing with the Trump envoy the efforts of the political parties in forming the government
Release date: 2018/10/23 18:07 • 105 times read
(Baghdad: Al-Furat News) President of the House of Representatives Mohamed Halabousi discussed with the envoy of US President for International Alliance Affairs, Brett McCork, the efforts of the political parties in forming the new government.
A statement issued by his office, received by the agency {Euphrates News} copy today, that "Halabousi discussed during his reception, in his office Tuesday, McCork in the presence of US Ambassador Douglas Silliaman bilateral relations between the two friendly countries and international efforts to support Iraq and support at all levels.
"The meeting also reviewed the most important political and security developments in Iraq and the region and the efforts of political parties to form a government."
"The parliament is keen to abide by the constitutional time on the introduction of the new cabinet, which we aspire to meet the aspirations of the Iraqi people, and contribute to support the pillars of democracy in the country."
He added that "Iraq is on a new stage requires consensus by all political parties to reach a unified vision on the form of the next government, which will be the starting point towards the advancement of economic and security in the country," praising "US support for Iraq and on all levels.
For his part, McGork said that "his country continues to support and support Iraq and its people," pointing to "the importance of increasing coordination between Iraq and America in order to accelerate the restoration of stability to the country.T
"The meeting also reviewed the most important political and security developments in Iraq and the region and the efforts of political parties to form a government."
"The parliament is keen to abide by the constitutional time on the introduction of the new cabinet, which we aspire to meet the aspirations of the Iraqi people, and contribute to support the pillars of democracy in the country."
He added that "Iraq is on a new stage requires consensus by all political parties to reach a unified vision on the form of the next government, which will be the starting point towards the advancement of economic and security in the country," praising "US support for Iraq and on all levels.
For his part, McGork said that "his country continues to support and support Iraq and its people," pointing to "the importance of increasing coordination between Iraq and America in order to accelerate the restoration of stability to the country.T
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Today in History
My San Antonio
My San Antonio
Today in History Today is Tuesday, Oct. 23, the 296th day of 2018. There are 69 days left in the year. Today's Highlight in History: On Oct. 23, 1983, 241 U.S. service members, most of them Marines, were killed in a suicide truck-bombing at Beirut International Airport in Lebanon; a near-simultaneous attack on French forces killed 58 paratroopers. Read the full story
This Dad Built A Million-Dollar, One-Person Business By Finding Billing Mistakes For Retailers
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Short-term boost or ‘the trigger that kicks off a brutal, worldwide, financial crisis?’
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Just a couple of weeks until the midterm elections, and a serious bump in volatility is keeping investors on their toes. But if recent history is any indication, the trend might turn out to be a blessing for bulls. At least in the short term. Read the full story
Khashoggi, Pets in China, Australia: Your Tuesday Briefing
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OIL/COMMODITIES/ENERGY
Gold in Sluggish Trade as Focus Moves to U.S. Midterm Elections
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Brent trades near $80 as Saudis talk down crude supply riskChron.com
Brent steadied near $80 a barrel as Saudi Arabia dismissed using its oil wealth as a political tool following the killing of journalist Jamal Khashoggi. Read the full story
Brent oil could hit $100 by end of 2019, report says
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Oil prices could hit $100 a barrel by the fourth quarter of 2019 as Venezuela and Iran experience supply issues and demand continues to grow. A new report by financial services firm Raymond James expects oil demand to remain strong and drive prices higher as Venezuela's oil production collapses, Iran's exports slow and a fuel switch for the global waterborne shipping industry goes into effect in 2020. Read the full story
BANKS/BANKING/CREDIT
A Big Shift in Credit-Score Calculations May Boost Millions of Borrowers
The Wall Street Journal
Fair Isaac’s UltraFICO Score, launching in 2019, is meant to boost the number of borrowers approved for credit cards and personal loans by factoring in how consumers manage their bank accounts. Read the full story
Wells Fargo to pay $65 million to settle with NY Attorney General
Business Insider
A Wells Fargo logo is seen in New York City Thomson Reuters Wells Fargo & Co will pay $65 million to settle claims stemming from an investigation into the lender's sales practices that saw it open fake accounts for customers to inflate sales metrics, the New York Attorney General's office said on Monday. "The misconduct at Wells Fargo was widespread across the bank and at every level of management - impacting both customers and investors who were misled," NY Attorney General Barbara Underwood Read the full story
JPMorgan, Bank of America Racked by Veiled Losses on Bond Holdings
TheStreet
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Rising U.S. interest rates have eroded the value of hundreds of billions of dollars of bonds and loans, raising doubts about banks' valuations.. The impressive earnings reports released this month by JPMorgan Chase & Co. (JPM) , Bank of America Corp. (BAC) , Citigroup Inc. (C) and Wells Fargo & Co. (WFC) disguise a hidden threat for investors in bank stocks: billions of dollars of paper losses on the combined $1.2 trillion of bonds and loans they hold as investments. As the Federal ReserveRead the full story
'Banks sneakily hike best mortgage fees but keep rates low
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'Plenty of complaints about financial companies, but little oversight
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This Week In Credit Card News: Debit Card Usage Plummeting; Some Citi Cardholders Getting A Refund
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TREASURIES/BONDS/STOCKS
Watch out for ‘dead cat bounce’ in stocks because there’s more pain ahead: Morgan Stanley’s Wilson
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October is living up to its reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. Read the full story
Even a Little More Inflation Is a Bigger Worry Than Investors Think
Barron's
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U.S. inflation remains largely in check. That doesn’t mean it’s not an issue for the stock market. Read the full story
Should Healthcare Shift Toward A Blockchain-Based Efficiency Model?
Forbes Magazine
Today, our medical information is being electronically uploaded, transmitted, and digitized. In order to comply with HIPAA requirements and other security concerns, blockchain technology can help keep the health-care industry's vitals, stable. Read the full story
Liz Weston: How to save money on health care
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Among bonds, munis actually look good despite annual autumn slump
CNBC
The fall months are typically weak for muni bonds, and although this year has generally bucked seasonal trends, it looks that way again this year. Read the full story
October Market Collapse Pops Illusion That Fundamentals Matter
Forbes Magazine
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Top 5 Things to Know in The Market on Tuesday
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CRYPTO'S / DIGITAL CURRENCY
Public Company's Crypto Claims Draw SEC Scrutiny, Trade Suspension
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Day traders looking to make a quick buck buying and selling bitcoin might be better off switching lanes as volatility in the world’s largest digital currency continues to decline. Read the full story
Brazil's Largest Cryptocurrency Exchange Fires 20 Employees
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Bitcoin Futures Could Go Live on ICE's Crypto Trading Platform in December
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The new Bakkt exchange will list bitcoin futures in December, pending regulatory approval. Read the full story
CURRENCIES
Dollar strengthens as sterling and euro fall prey to political pressure
MarketWatch
Currency traders are watching as the risk and rhetoric around recent themes—like Italy’s budget, Brexit and U.K. leadership—are heating up once more. Read the full story
Euro, Pound Rally on Brexit Concession; Global Stocks Dip
The Epoch Times
A Trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Oct. 19, 2018. NEW YORK—Stocks dipped on Oct. 19, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. Oil prices rose on signs of surging demand in China, although prices fell for a second week running as U.S. inventories swelled. Strong earnings boosted shares early on Wall Street but Read the full story
Forex - Pound Falls as DUP to Back Eurosceptic's Backstop Amendment
Investing.com
Forex Oct 22, 2018 13:15 GMT Investing.com - The pound dropped on Monday following reports that Northern Ireland’s Democratic Unionist Party (DUP) will back an amendment proposed by a group of pro-Brexit MPs from within Theresa May’s ruling Conservative party. Junior Brexit minister Steve Baker is proposing the amendment to block the European Union’s backstop plan. The amendment would effectively make the EU’s Irish border backstop proposal illegal. The pound fell below the $1.30 handle shortly Read the full story
Mozambican currency closes week stable against the Euro and US dollar
FurtherAfrica
The Mozambican currency closed last week without major fluctuations against the Euro or the US dollar, according to daily exchange rates released by the central bank and followed by Lusa. Read the full story
Yuan devaluation: why the signs point to a further drop in China’s currency, whether the US likes it or not
South China Morning Post
Neal Kimberley says debt risk and slowing growth are putting downward pressure on the yuan, and officials are hinting they won’t stand in the way of devaluation Read the full story
INSURANCE / HEALTH / SCIENCE
Scientists have estimated the cost of stopping 11 diseases that could kill millions in a pandemic
Vox
Creating new vaccines will cost billions, but it may be worth it to avoid the next Spanish flu. Read the full story
Scientists may now be able to grow a brain using human neurons
Fox News
Scientists may have made a major leap forward on the path to growing a fully-formed human brain in the lab. According to a new report published in ACS Biomaterials Science & Engineering, researchers at Tufts University have now grown a 3D tissue model of the brain using human neurons, providing them with a better opportunity to study abnormal brain cells. Read the full story
The future of stroke prevention and treatment could be uneven
NBC News
The long decline in stroke deaths has stalled, but doctors see hope in new interventions and strategies. Read the full story
You can cut your cancer risk by eating organic, a new study says
CNN
You can protect yourself from cancer by eating organic, a new study suggests. Those who frequently eat organic foods lowered their overall risk of developing cancer, a study published Monday in JAMA Internal Medicine finds. Specifically, those who primarily eat organic foods were more likely to ward off non-Hodgkin lymphoma and postmenopausal breast cancer compared to those who rarely or never ate organic foods. Read the full story
A new kind of cancer drug is helping treat a tricky form of breast cancer
Business Insider
Cancer cells are seen on a large screen connected to a microscope at the CeBit computer fair in Hanover, Germany, March, 6, 2012. An immunotherapy cocktail from Roche helped slow a type of breast cancer where new treatments have proven elusive. Women with advanced triple-negative breast cancer lived a median 7.2 months without their disease worsening with Roche's Tecentriq plus chemotherapy as an initial treatment, compared with 5.5 months for those getting chemotherapy alone. Roche's Tecentriq Read the full story
3 Ways AI Is Changing Healthcare
FORTUNE
Making Health Care Human Again THE CURRENT U.S. HEALTH CARE PICTURE is pretty bleak: more than 12 million serious diagnostic errors each year, a third of the $3.6 trillion spent attributed to waste, reduction in life expectancy for what will be three years in a row (which is unprecedented), and peak levels of physician burnout, depression, and suicide. That’s all happening at a time when there is more medical data per individual than ever, imagined with wearable sensor physiology, scan anatomy Read the full story
Superbugs to kill 10 million people a year by 2050, MPs warn
Sky News
Superbugs will kill 10 million people a year by 2050 - more than cancer and diabetes combined - unless urgent action is taken, MPs have warned. Read the full story
Opinion: Dr. Marc Siegel: Dementia -- what you need to know
Fox News
Up to 40 percent of people with Alzheimer's disease suffer from significant depression. And depression can be treated. Read the full story
Ovarian Cancer Awareness Is 'Woefully Low'—Here Are the Symptoms to Look Out For
Newsweek
A survey revealed at "a devastating litany of the challenges" women face when seeking diagnosis and treatment for the disease. Read the full story
USA / CANADA
How to Give More to Charity Under the New Tax Law
TheStreet
If charitable giving is part of your financial plan, a donor-advised fund may be a great tool for your consideration. By Pete Snow "Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund." -- F. J. Raymond, humorist The tax reform bill signed into law late last year, the Tax Cut and Jobs Act, provided sweeping changes to both the individual and corporate tax structure. Corporations received a significant decrease in the statutory tax rate, dropping it Read the full story
The American Economy Is Rigged
Scientific American - News
Americans are used to thinking that their nation is special. In many ways, it is: the U.S. has by far the most Nobel Prize winners, the largest defense expenditures (almost equal to the next 10 or so countries put together) and the most billionaires (twice as many as China, the closest competitor). But some examples of American Exceptionalism should not make us proud. By most accounts, the U.S. has the highest level of economic inequality among developed countries. It has the world's greatestRead the full story
'Side Hustle 101: How To Get Your Gig Off The Ground
Forbes Magazine
If the idea of exploring your great passion or beloved hobby has been gnawing at you for a while and you’re now ready to forge ahead, here are steps to take to make your side hustle a reality. Read the full story
Homeowners worried about paying down debt as interest rates go up
CBC News
Many Canadian homeowners are worried about rising interest rates and how they will impact their budget, a new CBC Research survey finds. Read the full story
How to Refund Nearly Every Regrettable Purchase You Will Ever Make
VICE
Here’s what you need to know about returning anything from fake Yeezys to a plane ticket you just paid for—no matter what. Read the full story
EMERGING MARKETS
Board urges Puerto Rico to implement tax, labor reforms
ABC News
The executive director of a federal control board that oversees Puerto Rico's finances says the island is likely to receive $20 billion more than initially estimated in federal hurricane relief Read the full story
PayPal backs emerging markets lender Tala
Reuters
PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday. Read the full story
Hints That Emerging Markets Might Be on the Rebound
Bloomberg
Bloomberg Markets Live's Mark Cudmore discusses the signs that emerging markets might be making a recovery. He speaks on "Bloomberg Markets: What'd You Miss?" (Source: Bloomberg) Read the full story
MIDDLE EAST
Trump admin to make Iran oil waivers harder to get
The Hill
The Trump administration will hold countries to a higher standard if they want a waiver from the coming sanctions on importing Iranian oil. Read the full story
At a glance: Execs bailing on Saudi 'Davos in the Desert'
ABC News
ABC News
A look at business executives, others who pulled out of key Saudi investment conference in wake of journalist's killing Read the full story
GE gets a badly needed win in Iraq
CNN Business
General Electric's beleaguered power business scored a badly needed win by reaching a preliminary agreement to rebuild Iraq's war-torn electric grid. Read the full story
Want to run an Iraqi ministry? Apply online, PM says
ABC News
After promising to bring in new faces, Iraqi PM-designate urges people to apply online to run country's 22 ministries Read the full story
Iraq: Deadly car bomb hits market near Mosul
Aljazeera
Aljazeera
At least four people have been killed and 15 others wounded in a car bomb blast in the northern Iraq's town of Qayyara, police and medical sources said. A vehicle packed with explosives was parked near a restaurant and a crowded market area in Qayyara, south of the city of Mosul, police said on Tuesday. Health official said the death toll might rise as some of the wounded were in a critical condition. No group immediately claimed responsibility, but Islamic State fighters often carry out suchRead the full story
'Iraq's top cleric is becoming its political savior
My San Antonio
It took five months since Iraq's national elections, but the country finally has a new prime minister, Adel Abdul-Mahdi. In truth, however, neither he nor new President Barham Salih nor the firebrand cleric Moqtada al-Sadr, whose alliance won the most parliamentary seats in May, will likely have the greatest influence over whether Iraq can make the reforms necessary to become a stable and prosperous country. Read the full story
CIA director flies to Turkey amid growing controversy over Jamal Khashoggi killing
The Washington Post
The visit by Gina Haspel comes ahead of a planned speech Tuesday on the killing by Turkish president Recep Tayyip Erdogan. Read the full story
Saudi to sign deals worth $50 billion in oil, gas and infrastructure
Reuters
Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday. Read the full story
AFRICA
Zimbabwe: Reserve Bank Governor Under Fire for Failing to Tame Illegal Forex Trade
AllAfrica
(Photo: The Herald) President Emmerson Mnangagwa's patience with Reserve Bank of Zimbabwe (RBZ) governor John Mangudya could be wearing thin, if his comments in the state run media are anything to go by. Writing in the second instalment of his weekly contribution in The Sunday Mail, Mnangagwa could not hide his exasperation with failure by his lieutenants to rein in the parallel currency market that has continued to wreak havoc in the economy. "Considering that more than $9 billion is passing Read the full story
Zimbabwe: Govt Sets Up U.S.$100 Million Gold Sector Fund
AllAfrica
Government plans to establish a $100 million gold sector venture fund as it seeks to boost output and build reserves. The fund is designed to assist miners to re-tool so they ramp up production. This was said by Finance and Economic Development Minister Professor Mthuli Ncube last week during his interface with Young Professionals in Harare. Prof Ncube encouraged the suave young professionals who included investment banker, Mr Simba Mhungu -- who has worked for top global firm Goldman Sachs in Read the full story
Zimbabwe: Economy in Typical Labour Pains
AllAfrica
Some pains are just but a necessary evil and ought to be lived through than avoided if the benefits are to be harnessed in totality. Joys of motherhood come with excruciating pain, sweating and energy draining pregnancy, but at the end of it all is the feeling of fulfilment and self-actualisation. The economic events of the past two weeks in Zimbabwe bore Zimbabweans uncertainty, pain and disillusionment, as fuel and basic commodities disappeared amid exaggerations by political demagogues.Read the full story
Zimbabwe: Black Market Dealers Blamed for Economic Collapse
AllAfrica
(Photo: allafrica.com) Harare The Zimbabwean government has threatened to arrest parallel market dealers blamed for the skyrocketing prices of commodities and incessant shortages of cash. Threats come as the Southern African country faces its worst economic crisis in a decade, reminiscent of the era when Zimbabwe's dollar currency came to oblivion. Zimbabweans have in recent weeks contended with shortages of food, fuel and cash among other basics. President Emmerson Mnangagwa blamed the current Read the full story
Zimbabwe: Minister Lashes At Economic Saboteurs
AllAfrica
Midlands Provincial Affairs Minister, Larry Mavima has lashed at some unscrupulous business people who are in the habit of hiking prices willy-nilly in a bid to tarnish the image of the government and derail economic reforms being pursued by the second republic. A snap survey in Gokwe and Kwekwe revealed that most retail shops are not willing to reduce prices of commodities. Commuter omnibus operators continue to charge higher fares despite the availability of fuel in most garages at the same Read the full story
Zimbabwe: Fuel Consumption Up 100% - Gumbo
AllAfrica
(Photo: The Guardian) Fuel consumption in the country has gone up by 100 percent in recent months, the Minister of Energy and Power Development, Dr Joram Gumbo, said yesterday. In an interview, Dr Gumbo said the new dispensation had brought about business confidence which has seen a surge in demand for fuel. He said Zimbabweans have also imported thousands of vehicles leading to a sharp demand for petrol and diesel. The minister said everyday, scores of imported cars are being cleared at the Read the full story
East Africa: Rwanda Pauses Oil Exploration in Kivu
AllAfrica
Rwanda has taken a cautious approach in its search for oil in Lake Kivu as it seeks to reduce costly financial risks before allowing international companies to carry out the latter stages of exploration. The government has halted bids from oil explorers for now and plans to invite them back after completing its own geological survey to establish whether it is worthwhile for the state to enter into partnerships with international oil explorers. "The stage we are at is low-cost and involves Read the full story
South Africa: The National Health Insurance - Who's in, Who's Out and How Much Will It Cost
AllAfrica
The NHI was the centre of this weekend's Presidential Health Summit. Now the pressure is mounting for Treasury to figure out how to fund it. The health system is in crisis, government officials admit. Now, they have just weeks to produce an initial plan on how to fix it ahead of introducing a National Health Insurance (NHI), Deputy President David Mabuza revealed this weekend. With its namesake, President Cyril Ramaphosa was absent from this weekend's Presidential Health Summit. The gathering Read the full story
ASIA
Trump threatens to build up U.S. nuclear arsenal against China, Russia
Business Insider
Business Insider
U.S. President Donald Trump rallies with supporters at Elko Regional Airport in Elko Thomson Reuters WASHINGTON (Reuters) - President Donald Trump warned on Monday that the United States intended to build up its arsenal of nuclear weapons to pressure Russia and China. Speaking to reporters, Trump repeated his contention that Russia was not abiding by the 1987 Intermediate-Range Nuclear Forces Treaty, which he has threatened to abandon. (Reporting by Jeff Mason; Writing by Makini Brice; Editing Read the full story
Trump May Revive the Cold War, but China Could Change the Dynamics
The New York Times
Trump’s decision to dump a missile-control treaty seems to end an important period of arms control — which did not include China. But Europe is not happy. Read the full story
Chinese VP kicks off visit to Israel
ABC News
China's vice president has kicked off a trip to Israel, in a signal of the warming ties between the two countries Read the full story
Kim Jong-un has spent at least £3 BILLION on luxury goods from China
Daily Mail
The state imported at least £493million in the last year alone, despite UN sanctions outlawing such trade over the country's nuclear and missile programmes, a South Korean MP said. Read the full story
Australian stocks cautious following mixed finish on Wall Street
Stocks in Australia traded lower on Tuesday morningafter the Dow Jones Industrial Average fell by more than 100 points overnight.
Chinese official tells American investors at a meeting: We don't fear a trade war with the US
"China never wants a trade war with anybody, not to mention the U.S., who has been a long term strategic partner, but we also do not fear such a war," a leading member of a Chinese committee tasked with forging alliances with other nations tells American business leaders.
EUROPE
European financial system 'NOT in a good shape' even 10 YEARS after global CRASH
Expresss
Expresss
THE European financial system is still “not in a really good shape yet” a decade after the global financial crash, according to the CEO of Austrian banking group Erste. Andreas Treichl told CNBC that European banks are still recovering after the Wall Street collapse in 2008 and the eurozone debt crisis of 2011. But he noted that Scandinavian banks who have limited cross-border activity across Europe are performing better than those who have integrated. Mr Treichl said: “If you look at certainRead the full storyItaly defends budget despite European Union fears over high debtSky News
Italy is standing by its troublesome budget, refusing to cut spending despite debt reaching 130% of GDP. Read the full story
MPs condemn 'vile' abuse of Theresa May
BBC News US
One colleague said the PM would be "knifed" and another suggested she "bring her own noose" to a meeting. Read the full story
Brexit: Four in 10 UK firms to trigger contingency plans next month if no clarity on exit deal emerges
The Independent
Four in 10 UK companies say they will be forced to trigger further contingency plans as soon as next month if Theresa May’s Brexit team does not provide more clarity on a potential divorce deal with the EU. Read the full story
Italy tells EU it is sticking to budget plans, keeps eye on debt, deficit
Reuters
Italy's Treasury told the European Commission on Monday it would stick to its contested budget plans in defiance of EU fiscal rules, but promised to intervene if it failed to meet its debt and deficit goals. Read the full story
EU Securities Group Advises Regulating Crypto Assets Under Existing Rules
CoinDesk
A group that advises the EU's securities watchdog has recommended regulating most crypto assets under existing financial rules. Read the full story
UK's prime minister pleads for support, says Brexit deal is almost done
Chicago Sun-Times
British Prime Minister Theresa May sought to scotch a growing rebellion against her Brexit plans Monday. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Wednesday 10/24/18 did update on the indicative rates Sell Rate 1190
The currency auction is
There are no news and announcements.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-22-2018 Newshound Guru Currency365 ...he [Abdul-Mahdi] has till NOV 3rd to announce his govt... and if he cant put people in the seats he will give some of his people 2 positions and he will take several positions himself to feel the empty seats.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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