Saturday, November 3, 2018

WOTS Friday 11/2/18

WOTS Friday 11/2/18






WOTS Friday 11/2/18:
 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1,166.3000  1,218.9000 1,166.3000 1,166.3000 1,166.3000  0.0000 21:00
 USD/VND  23,296.6000  23,366.6000 23,297.8000 22,983.4000 22,983.4000  313.2000 05:39
 USD/CNY  6.8752  6.8772 6.9310 6.8750 6.9224  -0.0472 06:49
 USD/KWD  0.3026  0.3046 0.3033 0.3025 0.3033  -0.0007 06:46
 GBP/USD  1.3029  1.3030 1.3040 1.2985 1.2994  0.0035 06:49
 USD/IRR  12,048.0000  12,428.0000 12,048.0000 12,048.0000 12,048.0000  0.0000 17:51
 USD/IDR  14,909.7000  14,909.8000 15,098.5000 14,901.0000 15,072.3000  -162.6000 06:48
CNBC Link:  
 
 
CNBC Morning Squawk Link:
 
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DC NY Iraq Articles:dd

Trump: We will repay our debts in my second term

 
Release date: 2018/11/2 9:20  150 times read
 
President Donald Trump made a surprise by announcing that the United States would pay off its huge public debt by the end of his second term.
The announcement came during a speech at an event on creating jobs in the United States, the US newspaper The Hill reported. 
Donald Trump seems confident that he will be reelected as president, as well as his belief in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time. 
US public debt during fiscal year 2018 rose by more than $ 1.2 trillion to a record $ 21.5 trillion. 
Trump promised this was contrary to the views of experts who expect an increase in the US budget deficit to reach one trillion dollars in 2020, with the growth of government spending.

URGENT US to exclude 8 countries from sanctions on Iran

 
Release date: 2018/11/2 11:51  800 times read
(Reuters) - The United States government has agreed to allow eight countries to continue buying Iranian oil after Tehran's sanctions are reinstated next week, the Bloomberg news agency quoted a US official as saying on Friday.
The report noted that the eight countries, including South Korea, a close ally of the United States, Japan and India. 
Iran's major oil customers, all in Asia, have been seeking exemptions from sanctions that would allow them to continue buying some crude from the Islamic Republic. 
Bloomberg said a list of all countries receiving exemptions was expected to be officially announced on Monday. 
A Chinese official told Reuters talks with the US government were underway and that results were expected in the next two days. 
"We believe that Trump will agree to import some quantities of China, similar to the treatment received by India and South Korea," Clayton Allen of Hight Securities said in a note Friday. 
But analysts said any possible exceptions to Iran's oil sanctions would probably be temporary. 
"The United States may use exceptions to proceed with implementation, but these exceptions will not be applied indefinitely," Allen said. 
Goldman Sachs said it expected Iran's crude oil exports to fall to 1.15 million barrels per day by the end of the year, down from about 2.5 million bpd in mid-2018.
 
 
Kurdistan Representatives Meet World Envoys in Europe
 
 
BasNews
 
02/11/2018 - 00:57
Diaspora
Kurdistan Representatives Meet World Envoys in Europe
 
ERBIL - A Kurdish delegation, headed by the Kurdistan Regional Government's (KRG) representative to the European Union, Dlawar Azhgayi, met on Thursday with a number of world envoys in hopes of achieving more support for the region.
 
The Kurdish delegates, according to a statement by their office, a copy of which was sent to BasNews, had talks on the latest political developments in Kurdistan Region and Iraq with the representatives of France, Germany, Poland, and Slovakia to the EU, in which the officials exchanged views on the recent regional, as well as Iraqi, parliamentary elections.
 
Concerning the relations between Erbil and Baghdad and the underway peaceful dialogue between the two sides, the Kurdish representatives and world envoys underlined the significance of resolving the remaining disputes between Kurdistan Region and Iraq in accordance with the Iraqi constitution.
 
The statement added that the KRG delegation further stressed on the return of Peshmerga forces to the disputed areas, urging the EU to deliver humanitarian assistance to the IDPs after they return to their place of origin.
 
They also argued that Erbil should have its representative to any projects offered by the EU to Iraq.
 
The first demonstration in Baghdad faced by the government of Abdul Mahdi
 
 
01.11.2018 | 20:42 GMT | Arab World News
 
BAGHDAD (Reuters) - Dozens of people demonstrated in Tahrir square in downtown Baghdad on Thursday to protest against poor services amid demands for care for the people of Basra and other provinces, our correspondent in Iraq reported.
 
The demonstrators raised different slogans, including those condemning foreign interventions, including the need to end the party quotas in the new government.
It is noteworthy that this demonstration, regardless of size, is the first of its kind in Baghdad since the handover of Adel Abdul Mahdi as prime minister.
Basra has seen in recent months large demonstrations, which resulted in hundreds of dead and wounded in addition to hundreds of detainees in prisons.
 
 
The United Nations votes in favor of lifting the US embargo on Cuba
 
 
22:15 - 01/11/2018

Information / follow up
The United Nations General Assembly on Thursday adopted a resolution to lift the 27-year-old economic, commercial and financial embargo imposed by the United States on Cuba for the 27th time.
Cuba voted 189, while the two countries opposed the vote, the United States and the Zionist entity, which traditionally supports the US position on this issue.
The resolution states that the United Nations General Assembly: "Once again urges the States in which such laws and measures are in place and to take them consistently, to take the necessary steps with a view to their elimination or termination as soon as possible".
Russia's Permanent Representative to the United Nations, Vasily Nibenzia, said earlier on Wednesday that his country hopes that relations between the United States and Cuba will be very positive, that they will not deteriorate and that they will vote again at the United Nations General Assembly Decision on lifting the economic siege on the island.
Last year, the US Treasury Department announced the tightening of sanctions against Cuba as of November 9. The sanctions deal with financial transactions, trade, education and other fields.
In 2014, the United States and Cuba announced the start of gradual normalization of relations. Diplomatic relations between the two countries were restored, as was former US President Barack Obama's visit to Havana, but new President Donald Trump considered these policies wrong. The economic blockade until "tangible progress" has been made on human rights in Cuba. End 25 n
d

Decision of the Parliament reveals to the Euphrates the date of the formation of parliamentary committees

 
Date of release: 2018/11/1 20:46  58 times read
 
{Baghdad: Euphrates News} The House of Representatives, two days from next week to start consultations and meetings on the formation of parliamentary committees in accordance with the terms of reference.
The parliament's decision, Burhanuddin Ishaq told the {Euphrates News} that "the members of the House of Representatives called for the formation of committees to start the work of the House of Representatives, because it stopped working without formation," pointing out that "on Sunday and next Monday will witness intensive meetings to view the formation of committees." 
He pointed out that "most MPs recognize the need for the committees to be competent and stay away from the group, to achieve real achievements in the legislative period." 
"The current session brings together a lot of scientific, literary, economic and security competencies, so the appeals of the formation of specialized committees," he said. "The committees will be fruitful and will include all political components and each according to its competence."
 
The United Nations votes in favor of lifting the US embargo on Cuba
 
 
22:15 - 01/11/2018
 

Information / follow up
 
The United Nations General Assembly on Thursday adopted a resolution to lift the 27-year-old economic, commercial and financial embargo imposed by the United States on Cuba for the 27th time.
 
Cuba voted 189, while the two countries opposed the vote, the United States and the Zionist entity, which traditionally supports the US position on this issue.
 
The resolution states that the United Nations General Assembly: "Once again urges the States in which such laws and measures are in place and to take them consistently, to take the necessary steps with a view to their elimination or termination as soon as possible".
 
Russia's Permanent Representative to the United Nations, Vasily Nibenzia, said earlier on Wednesday that his country hopes that relations between the United States and Cuba will be very positive, that they will not deteriorate and that they will vote again at the United Nations General Assembly Decision on lifting the economic siege on the island.
 
Last year, the US Treasury Department announced the tightening of sanctions against Cuba as of November 9. The sanctions deal with financial transactions, trade, education and other fields.
 
In 2014, the United States and Cuba announced the start of gradual normalization of relations. Diplomatic relations between the two countries were restored, as was former US President Barack Obama's visit to Havana, but new President Donald Trump considered these policies wrong. The economic blockade until "tangible progress" has been made on human rights in Cuba. End 25 n 
 
Kauaihn Iraq Articles:dd
 
 
Al-Obeidi calls for the restoration of the budget bill 2019 to the government 
 
2018/11/02 12:31 91 Editor: Mos
 
Baghdad Today - Nineveh
 
Called the leadership of the victory alliance, Khalid al-Obeidi, Friday, November 2, 2018, to re-draft the budget for the budget of 2019 to the government, while he stressed that the allocation of the province of Nineveh is much less than any other Iraqi province.
 
Al-Obeidi said in a statement received by Baghdad that "with the receipt of the Iraqi parliament draft budget bill for the fiscal year 2019, it was confirmed to us that the total operational and investment amounts allocated to the province of Nineveh does not reflect in any way the true maturity of this province, which is the second largest province Iraqi population, the most affected by the terrorist operations and the largest number of displaced. "
 
He added that "according to the schedule announced in the draft budget law for the next year, it was found that the amount allocated to the operational budget and knowledge within the draft current expenditures, which are allocated to the management of state agencies and maintenance expenses required does not exceed the amount of 175,80077000 Iraqi dinars (equivalent to approximately 14 million dollars) "He said.
 
He continued: "What is known as the expenditure of investment projects, the amounts allocated for the establishment of new assets of infrastructure and other budget allocated to the amount of not more than 125532080000 Iraqi dinars (equivalent to about 100 million dollars), so that the total expenditure for Ninewa for 2019 does not exceed (114 million dollars), which is a much smaller allocation than any other Iraqi province, although Ninewa is as we said the most affected and displaced and the largest number of population after the capital Baghdad. "
 
"We are here, surprised by the unfair allocations of Ninewa province, we affirm our rejection of the injustice of any Iraqi province, whatever the reasons and justifications, to our absolute belief that any defect or injustice or injustice affects any Iraqi region is an attempt or step towards strengthening the enemies of state building and seeking to undermine it, The relative is a good example. "
 
He called on the Iraqi people and the leaders of opinion to "raise their voices and pressure to reject discrimination on this issue or to raise the voice of the people of Iraq." Any other similar subject, stressing that the objective now and now in the nominal goal is to work to give Iraqis their full legitimate national rights. " 

Decision of the Parliament reveals to the Euphrates the date of the formation of parliamentary committees

 
Date of release: 2018/11/1 20:46  185 times read
 
{Baghdad: Euphrates News} The House of Representatives, two days from next week to start consultations and meetings on the formation of parliamentary committees in accordance with the terms of reference.
The parliament's decision, Burhanuddin Ishaq told the {Euphrates News} that "the members of the House of Representatives called for the formation of committees to start the work of the House of Representatives, because it stopped working without formation," pointing out that "on Sunday and next Monday will witness intensive meetings to view the formation of committees." 
He pointed out that "most MPs recognize the need for the committees to be competent and stay away from the group, to achieve real achievements in the legislative period." 
"The current session brings together a lot of scientific, literary, economic and security competencies, so the appeals of the formation of specialized committees," he said. "The committees will be fruitful and will include all political components and each according to its competence."
 
Kurdistan Representatives Meet World Envoys in Europe
 
 
02/11/2018 - 00:57
Diaspora
Kurdistan Representatives Meet World Envoys in Europe
 
ERBIL - A Kurdish delegation, headed by the Kurdistan Regional Government's (KRG) representative to the European Union, Dlawar Azhgayi, met on Thursday with a number of world envoys in hopes of achieving more support for the region.
 
The Kurdish delegates, according to a statement by their office, a copy of which was sent to BasNews, had talks on the latest political developments in Kurdistan Region and Iraq with the representatives of France, Germany, Poland, and Slovakia to the EU, in which the officials exchanged views on the recent regional, as well as Iraqi, parliamentary elections.
 
Concerning the relations between Erbil and Baghdad and the underway peaceful dialogue between the two sides, the Kurdish representatives and world envoys underlined the significance of resolving the remaining disputes between Kurdistan Region and Iraq in accordance with the Iraqi constitution.
 
The statement added that the KRG delegation further stressed on the return of Peshmerga forces to the disputed areas, urging the EU to deliver humanitarian assistance to the IDPs after they return to their place of origin.
 
They also argued that Erbil should have its representative to any projects offered by the EU to Iraq.
 
 
Iraq Says No Threat of IS Infiltration from Syria
 
 
02/11/2018 - 01:57

Iraq Says No Threat of IS Infiltration from Syria
 
ERBIL - Iraqi border areas with Syria are completely secure, an Iraqi military official said on Thursday, adding that the Islamic State (IS) can no longer sneak into Iraq easily.
 
"Our borders are fully secure, and the terrorist enemy is within five kilometers inside the Syrian territory, and there are ongoing fortification efforts," Brigadier-General Yahya Rasool, a spokesperson for the Iraqi army’s Joint Operations Command (JOC), said, as cited by Kurdistan 24.
 
Iraqi forces had been put on alert after the insurgents carried out a counterattack against the Syrian Democratic Forces (SDF) earlier this week.
 
According to the official, Iraq keeps securing its borders with Syria, noting that "they are heavily fortified", the report added.
 
He said that the militants are prevented from entering Iraq through air strikes as well as the installation of cameras on the country's borders.
 
"If the enemy tries to get closer, they will receive a strong response from our military units," he concluded.
 
 
Prime Minister of Iraq: We need rapid development and reconstruction after the destruction of wars
 
 
Thursday, 01 November 2018 08:09 PM 
Adel Abdul Mahdi, Prime Minister of Iraq

Iraqi Prime Minister Adel Abdul Mehdi said on Thursday that his country needs rapid development and reconstruction after the destruction caused by war and terrorism, stressing the ability of Iraq to rise again and possess the human and material capacity to enable it to rise .
 

The minister's office said in a statement that the Jordanian Foreign Minister Ayman Safadi received Jordanian Foreign Minister Ayman Safadi and discussed bilateral relations in the sectors of trade, investment, security, energy and industry .
 
According to the statement, Safadi conveyed the congratulations of King Abdullah II to the Prime Minister on the occasion of the formation of the Iraqi government, stressing the keenness of the Hashemite Kingdom of Jordan on privileged relations with Iraq and joint action in all sectors .
 
He said that Iraq and Jordan are partners in a large number of areas, stressing Iraq's keenness to overcome red tape and bureaucracy to promote joint action and overcome obstacles and outstanding issues .
 
He pointed out that joint security between countries and all that is happening in Iraq, Syria, Jordan and other countries will be affected by everyone, so joint action must be done to get rid of the danger of terrorist gangs and continue security cooperation to pursue their terrorist cells .
 
The Prime Minister of Iraq that the approach of the government depends on the strengthening of relations and good-neighborliness and interests and joint action, in addition to the development of economy and development, investment and the provision of services and employment opportunities .

Rafidain announces the distribution of salaries of military retirees for November

 
Editorial Date: 2018/11/1 17:19  238 times read
 
{Baghdad: Al-Furat News} Rafidain Bank announced the distribution of salaries of retired military personnel for the month of November through electronic payment tools.
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it today that "the salaries of retired military personnel for the November meal through electronic payment tools."
He pointed out that "pensioners can receive their salaries by the branches of the bank in Baghdad and the provinces instead of the special outlets, which impose some of them large sums for receipt of the salary of retired."
 
Kauaihn Economic Times:
 
ECONOMIC TIMES / CHATTER

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GLOBAL/NEWS/INFO
Today In History
Today is Thursday, Nov. 1. This is All Saints Day.



OIL/COMMODITIES/ENERGY

Crude oil just had its worst month in two years
Yahoo Finance
October was a crushing month for crude oil as the commodity posted its worst monthly performance in two years. Read the full story

Oil's ugly October puts crude on pace for worst month in more than two years
CNBC
Crude futures started October at nearly four-year highs, bolstered by looming U.S. sanctions on Iran, but oil prices are now poised for the biggest monthly drop since July 2016. Read the full story

Oil Prices Slip Amidst U.S. Stock Build
Investing.com
© Reuters. Oil prices edged down on Thursday morning in Asia Read the full story

METALS-Copper steadies as LME supplies shrink
Reuters
(Recasts and updates with closing prices) Read the full story

METALS-Shanghai aluminium falls for 6th day, hits fresh 2-yr low
Reuters
Shanghai base metals fell inearly trade on Thursday, with aluminium hitting a fresh two-yearlow on concerns the Sino-U.S. trade row will hurt demand, asanother batch of weak data from top metals consumer China addingto the negative sentiment. A private survey showed China's manufacturing sector barelygrew last month after stalling in September, a day after thecountry's official Purchasing Managers' Index showed the slowestgrowth in over two years. FUNDAMENTALS * ALUMINIUM: The most traded Read the full story

Gold ends at three-week low as global stocks surge, but bullion logs strong October rise
MarketWatch
Gold prices ended firmly lower Wednesday, on the back of a stronger dollar and a bounce for beaten-down equities, but month-to-date losses for benchmark U.S. stock indexes have helped to pull prices for the precious metal up in October. December gold finished $10.30, or 0.8%, lower at $1,215 an ounce, as a popular dollar index firmed and as the Dow Jones Industrial Average , S&P 500 index and the Nasdaq Composite Index staged a powerful two-day rally that may signal a pause in risk-off sentiment Read the full story

More Upside For Gold Prices
Forbes Magazine
When speculators overwhelmingly bet in one direction then a move in the opposite way is often the result. Read the full story


BANKS/BANKING/CREDIT


Fed sets October 31 meeting to vote on bank deregulation rules
Reuters
The U.S. Federal Reserve will consider a proposal that would ease rules for all but the nation's largest banks at an Oct. 31 board meeting, the central bank announced on Wednesday. Read the full story

This is the Best Credit Union in America. Here's How You Can Join.
Money
You can get free ATMs and solid interest rates on both your checking and savings account. Read the full story

Tadawul listed banks’ profit jumps 11% YoY in Q3
Mubasher
By: Elsayed Gamal Riyadh – Mubasher: Saudi banks listed on the Saudi Stock Exchange (Tadawul) achieved SAR 1.21 billion ($324 million), or 10.7% year-on-year profit growth in the third quarter of 2018, with the exception of Alawwal Bank’s profits … Read the full story

Fed may give regional banks a break with proposed rule change
Fox Business
The Fed may tailor key rules for big and small banks. Read the full story

A Deutsche Bank exec who's traveled to more than 60 countries for business meetings says he always does the same thing when he gets to a new city
Business Insider
Piers Constable (pictured) has traveled to more than 60 countries for work. A Deutsche Bank executive who's traveled to more than 60 countries for work always does the same thing when he gets to a new city. Piers Constable, a managing director based in New York, told Business Insider that he goes for a morning run as soon as he arrives somewhere new. He says it's an opportunity to explore the city that you otherwise wouldn't have while stuck in taxis or meetings. A Deutsche Bank executive who's Read the full story

If Your Pay Fluctuates, A Credit Card Debt Plan Can, Too
Forbes Magazine
When your income comes in fits and starts — say, because you’re self-employed, or work for an hourly wage — your road to a debt-free life might be particularly long and winding. But it’s still a journey worth making. These strategies can smooth your way. Read the full story



TREASURIES/BONDS/STOCKS

 
The stock market lost more than $2 trillion in October. Here's what happened
CNBC
October is on pace for one of the worst months since the financial crisis. Read the full story

Stock market corrections: How bad can they get and how long can they last?
USA TODAY
Stock market corrections, or drops of 10 percent from a high, are anxiety-inducing events. Here's what 401(k) investors need to know about future pain Read the full story

'Red October' sees US stocks endure their worst month since the financial crisis
Business Insider
A still from the 1990 movie 'The Hunt for Red October,' which may or may not be a 100% accurate representation of the Cold War. The Cold War may have cost as much as $8 trillion. The S&P 500 is set to finish October with its worst month since the 2008-2009 financial crisis. The benchmark US index has lost about 8.5% this month, its biggest monthly drop since February 2009. Both the Dow and the Nasdaq have also endured major losses. Concerns including a US-China trade war, the Federal Reserve's Read the full story

Nightmare on Wall Street: What Scares You Most About the Markets?
Bloomberg
EMEA guests respond to today's MLIV Question of The Day, "Nightmare on Wall Street: What scares you most about the markets?" (Source: Bloomberg) Read the full story

The US midterm elections could ripple through the markets — here's how the results could sway the economy
Business Insider
Wall Street is closely watching the midterm elections next week, as policy decisions that could sway the economy hinge on the results. Should Republicans maintain or extend their grip on Congress, President Donald Trump may be emboldened to pursue more of his political agenda, including further tax reforms. By contrast, Democratic gains in congress could stifle Trump's policy aims. Here is how the election results could affect different asset classes. NEW YORK (Reuters) - Gridlock, Blue Sweep, Read the full story

Godfather of Chart Analysis Says Stock Market ‘Damage’ Is ‘Much, Much Worse’ Than Many Think
Barron's
Ralph Acampora says that the recent action in the stock market reminds him of the 1987 crash. Read the full story

Day Ahead: Top 3 Things to Watch
Investing.com
© Reuters. Apple reports earnings after the bell Thursday. Read the full story

Top 5 Things to Know in The Market on Thursday
Investing.com
© Reuters. Apple Earnings, Manufacturing Data, BoE Read the full story

CRYPTO'S / DIGITAL CURRENCY

October Close May Prove Decisive for Bitcoin Price
CoinDesk
Bitcoin's monthly close today may reveal the cryptocurrency's directional bias after a long period of low volatility. Read the full story

Happy Birthday Bitcoin: Zero to $100 Billion in Ten Years
Crowdfund Insider
The one crypto to rule them all, Bitcoin, is celebrating a birthday. The creation of Satoshi Nakamoto (whomever he or she really is), Bitcoin has become an iconic concept in global Fintech and the emerging world of digital assets. Starting as a novelty in 2008,... Read More The post Happy Birthday Bitcoin: Zero to $100 Billion in Ten Years appeared first on Crowdfund Insider. Read the full story

Tax exemption on Bitcoin [BTC] and other cryptocurrencies could prevent Fed-created recession says ex-Congressmen
AMB Crypto
Ron Paul, a former Presidential candidate, and a Libertarian economist said that the taxation on Bitcoin and cryptocurrencies, in general, must be removed to prevent the recession that will happen due to the recent hike in interest rates by Federal Reserve. Paul agrees with President Trump calling the Federal Reserve's hike in interest rates 'crazy'... Read the full story

Bitcoin At 10 Years Old: Industry Celebrates A Decade Of Cryptocurrency - Bitcoinist.com
Bitcoinist.net
Bitcoin is ten years old, and for one day only, the cryptocurrency industry is coming together to celebrate the “life-changing” event that gave the largest cryptocurrency to the world in 2010. Ten Years Of Financial Freedom The original Bitcoin whitepaper that started the cryptocurrency revolution turns ten today. It is rare to observe a lack of infighting in cryptocurrency – especially on social media – but Bitcoin’s tenth anniversary appears to have received unanimous positive reactions. From Read the full story



CURRENCIES

Forex - Dollar Flirts With 16-Month Highs on Bullish Private Jobs Report
Investing.com
© Reuters. The dollar fell against its rivals on Wednesday. Read the full story

Dollar slips ahead of private-sector jobs data, but aims for best month since May
MarketWatch
Major currencies are muted on Wednesday, as investors are digesting economic data from the eurozone and China, and prepare for U.S. employment numbers. Read the full story

Forex - U.S. Dollar Inches Down, but Remains Near 16-Month High
Investing.com
© Reuters. The U.S. dollar inched down on Wednesday. Read the full story

Forex - U.S. Dollar Inches Down, but Remains Near 16-Month High
Investing.com
© Reuters. The U.S. dollar inched down on Wednesday. Read the full story

Forex - Sterling Surges on Reports of Brexit Financial Services Deal
Investing.com
Forex Nov 01, 2018 08:55 GMT Investing.com - The pound jumped more than 1% on Thursday amid reports that the UK and the European Union are close to a deal on a crucial part of Brexit, while the dollar was broadly lower, pressured by gains in sterling and the euro. GBP/USD was up 1.17% to 1.2916 by 04:40 AM ET(08:40 AM GMT), the highest level in just over a week. Reuters reported that the UK and the EU are close to a deal that will allow UK financial services companies based to have some access Read the full story
Forex - Aussie Dollar Slips After Inflation Reading; BOJ In Focus
Investing.com
© Reuters. The Australian dollar was down against the U.S. dolla Read the full story
As stocks suffer, forex markets keep calm and carry on
Reuters
As global stock markets head for one of their worst months in a decade and bond market volatility surges to more than four-month highs, the stampede out of risk has left the foreign exchange market largely unmoved. Read the full story


INSURANCE / HEALTH / SCIENCE

FDA announces recall of another heart medicine for possible cancer risk
CNN
Irbesartan, a high blood pressure medicine, is being recalled by ScieGen as certain lots contain NDEA, a suspected carcinogen. Read the full story

Does brain size predict brain cancer risk?
Medical News Today
New research suggests that having a larger brain may increase the risk of developing aggressive brain cancer. The higher number of brain cells may be why. Read the full story

Rubella is eliminated in Australia as the disease prompts a travel warning for Japan
CNN
Australia has eliminated rubella, health experts announce, just as an outbreak of the disease prompts a warning for some pregnant travelers to avoid Japan. Read the full story

5 Surprising Ways In Which Telemedicine Is Revolutionizing Healthcare
Forbes Magazine
Today patients, doctors, and caregivers have learned to accept telemedicine as one of many ways of delivering care. Here are five surprising ways in which telehealth is revolutionizing healthcare, Read the full story

Your Skin-Picking Habit Might Be Something More Serious
Health.com
If your behavior is obsessive, chronic, or compulsive, you could have excoriation disorder. Read the full story

Parkinson's disease 'may' start in gut
BBC News US
The brain disease may actually start in the depths of the digestive system, US scientists say. Read the full story

Paralyzed patients walk again with help of spinal implant
CBS News
Three patients with spinal cord injuries​ are now able to walk with targeted electrical stimulation of the spinal cord Read the full story


USA / CANADA
How to take advantage of lower tax rates to boost your retirement savings
MarketWatch
Many taxpayers will fall into a lower tax bracket. Retirement investors can and should take advantage. Read the full story

US economic growth could soon face a slowdown
Fox News
Wall Street Journal global economics editor Jon Hilsenrath discusses why he expects U.S. economic growth to decline, despite the strong October jobs report. Read the full story

Food prices are going up next year
Fox Business
Hershey's, Nestle and Mondelez join a long list of food giants who are hiking prices. Read the full story

U.S. Adds 227,000 Private Sector Jobs in October: ADP
Investing.com
© Reuters. U.S. ADP nonfarm payrolls increase 227,000 in October vs. 189,000 forecast Read the full story

UK Manufacturing PMI Falls to 27-Month Low in October
Investing.com
Economic Indicators Nov 01, 2018 09:30 GMT Investing.com - Activity in the UK manufacturing sector grew at the slowest pace in more than two years in October amid rising global trade tensions and Brexit uncertainties. Research firm IHS Markit said its manufacturing purchasing managers’ index fell to 51.1 in October, compared to forecasts for a reading of 53.1 and down from 53.6 the previous month. New orders and employment declined for first time since July 2016, amid a drop in export orders and Read the full story

EMERGING MARKETS

UPDATE 1-Brazil's GPA hits quarterly targets as 'cash-and-carry' delivers again
Reuters
(Adds details of results) Read the full story

EMERGING MARKETS-Brazil stocks rise ahead of Sunday's presidential run-off vote
Reuters
(Updates prices) By Susan Mathew Oct 26 (Reuters) - Brazilian stocks rose nearly 2 percent onFriday ahead of this weekend's presidential election, temperinglosses in Latin American equities after Wall Street resumed itssell-off. MSCI's index of emerging market stocks in the region gained 1.24 percent. Although, the region'smarkets fared better than emerging markets elsewhere, they wereon track to end a five-week winning streak. Among Latin American currencies, Argentina's peso andMexico's peso Read the full story

There Are Pockets of Opportunity in Emerging Markets, Says JPMorgan's Amoa
Bloomberg
Diana Amoa, fixed income portfolio manager at JPMorgan Asset Management, discusses emerging markets and where she's finding opportunity. She speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg) Read the full story

Opinion: The hidden debt bomb that the Chinese have funded in emerging markets
MarketWatch
China has been lending billions to low-income countries, but almost no one knows how much debt is on the books of emerging-market countries, writes Carmen Reinhart. Read the full story

EMERGING MARKETS-Brazil markets rise but Latam to end weekly winning streak
Reuters
By Susan Mathew Oct 26 (Reuters) - Brazil's real and stocks rose on Fridayahead of its weekend presidential election, tempering losses inLatin American equities after Wall Street resumed its sell-off. MSCI's index of emerging market stocksdropped 0.3 percent, while currencies were flat.Although the region's markets fared better than emerging marketselsewhere, they were on track to end a five-week winning streak. Other Latam currencies weakened as the dollar was bolsteredby data showing U.S. Read the full story

Argentina And The Lure Of Dollars
Forbes Magazine
Argentina's last debt default was only 17 years ago. Yet once again it has an unsustainable dollar debt pile. How did it get into this mess, and how can it avoid building up dollar debt again in future? Read the full story


MIDDLE EAST

 
Secret no more: Israel's outreach to Gulf Arab states
ABC News
Visits by Israeli prime minister, other officials to Gulf Arab states highlight once-secret back channels Read the full story

Secret no more: Israel's outreach to Gulf Arab states
Aljazeera
It was a scene unthinkable just weeks ago: an Israeli Cabinet minister, tears of joy filling her eyes, proudly singing her country's national anthem at a sports event in the heart of the Arab world. The spectacle of Miri Regev singing "HaTikva", which describes the Jewish yearning for a homeland in Zion, was just one in a series of taboo-busting public appearances by Israeli officials in Gulf Arab states that have thrust the once-secret back channels of outreach into public view. {articleGUID} Read the full story

Saudi economy will maintain growth in 2018 - Report
Mubasher
Riyadh - Mubasher: The Saudi Arabian economy will continue to expand in 2018, on the back of higher oil output amid high oil prices along with the improvement in the non-oil sector, according to Al Rajhi Bank. Al Rajhi Capital Research said in its … Read the full story

Factbox: Foreign investment in Saudi Arabia
Reuters
Scandal surrounding the killing of Saudi journalist Jamal Khashoggi has shrunk the attendance of senior executives from multinational companies at this week's Future Investment Initiative conference in Riyadh. Read the full story

Khashoggi murder outcry threatens U.S.-Saudi ties, Saudi prince says
Reuters
The outcry in the United States demonizing Saudi Arabia over the murder of Saudi journalist Jamal Khashoggi in the kingdom's consulate in Istanbul threatens U.S.-Saudi strategic ties, the former Saudi intelligence minister warned on Wednesday. Read the full story

U.S. and Britain seek Yemen cease-fire as relations with Saudis cool 
The New York Times
Pressure from Saudi Arabia’s biggest arms suppliers intensified to halt a conflict that has created what the United Nations has called the world’s worst humanitarian crisis. Read the full story
What We Know About Middle East Earnings Season So Far
Bloomberg
Mohammed Ali Yasin, chief strategy officer at Al Dhabi Capital, discusses earnings season in the Middle East. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg) Read the full story

Pompeo calls on Iran, Saudi Arabia to stop regional struggle with ceasefire in war-ravaged Yemen
Business Insider
A Houthi fighter rides on the back of a truck as clashes with forces loyal to Yemen's former president Ali Abdullah Saleh continue in Sanaa, Yemen Thomson Reuters Secretary of State Mike Pompeo called on Tuesday for a cessation of hostilities in Yemen and said U.N.-led negotiations to end the civil war should begin next month. Pompeo said missile and drone strikes by Iran-allied Houthi rebels against Saudi Arabia and the United Arab Emirates should stop, and the Saudi-led coalition must cease Read the full story

Iraq war map: Who controls what
Aljazeera
As fighting in parts of Iraq intensifies, a visual breakdown of the control of territory after years of war. Read the full story


AFRICA

Zimbabwe: Foreign Direct Investment Up 100%
AllAfrica
Zimbabwe was among top destinations for Foreign Direct Investment (FDI) last year, recording a near 100 percent growth in number of projects from the previous year compared to its neighbours that recorded declines, the latest report from global accounting firm, Ernst and Young (EY) shows. Harare, under a new administration led by President Mnangagwa, is on a drive to boost investment through the "open for business" mantra. In its Africa Attractiveness Report for 2018 released yesterday, Ernst Read the full story

Zimbabwe: Foreign Direct Investment Up 100%
AllAfrica
Zimbabwe was among top destinations for Foreign Direct Investment (FDI) last year, recording a near 100 percent growth in number of projects from the previous year compared to its neighbours that recorded declines, the latest report from global accounting firm, Ernst and Young (EY) shows. Harare, under a new administration led by President Mnangagwa, is on a drive to boost investment through the "open for business" mantra. In its Africa Attractiveness Report for 2018 released yesterday, Ernst Read the full story

Zimbabwe: 'Foreigners Fuel Smuggling'
AllAfrica
Foreigners who operate small unregistered shops in downtown areas of major cities in Zimbabwe, are reportedly perpetrating rampant smuggling of basic goods into neighbouring countries at a time Zimbabwe is experiencing acute shortage of the same, the Confederation of Zimbabwe Retailers (CZR) has claimed. CZR says the issue has been reported to Government through the Ministry of Industry and Commerce for appropriate interventions. The goods are reportedly smuggled out to countries such as Angola, Read the full story

Zimbabwe: Vaya Lift Ride Service to Ease Fuel Crisis
AllAfrica
(Photo: John Manzongo/The Herald) Zimbabwean companies struggling with getting their staff to work or going about their daily business requiring transport amid the current fuel crisis will be able to get round the challenge by using the new Vaya Lift ride service launched by Econet's Cassava On Demand in Harare on Thursday. The ride hailing service, whose concept was originally developed by the American company Uber, works by using a mobile App available for free on the Google and Apple stores, Read the full story

Zimbabwe: Foreign Firms Show Interest in New Fuel Pipeline
AllAfrica
Government is in discussions with two foreign companies interested in setting up a second fuel pipeline connecting Zimbabwe and Beira, the port-city of Mozambique, according to Energy and Power Development Minister Joram Gumbo. Minister Gumbo said he met with the officials from two foreign companies on Monday who are interested in setting up the facility that he said will have far reaching consequences to the Zimbabwean economy in the future. Zimbabwe currently uses the Feruka Oil Pipeline to Read the full story

Premier African Minerals says Zimbabwe ministry has requested further 48 hours to conclude RHA restructuring
Proactive Investors
Premier African Minerals Limited (LON:PREM) said the Ministry of Industry, Commerce and Enterprise Development in Zimbabwe has requested a further 48 hours to formerly conclude the restructuring proposal for the RHA tungsten mine. On 15 October, the AIM-listed multi-commodity mining and natural resource development company had said it had been notified by the Ministry that a decision over the ownership structure of the RHA mine would not come until the end of this month. READ: Premier African Read the full story

Chinese investors establish ceramic tile manufacturing company in Zimbabwe
FurtherAfrica
Chinese investors have established a ceramic tile and porcelain manufacturing company in Zimbabwe. Read the full story



ASIA
Hong Kong climbs to No 4 on World Bank’s list of easiest places to do business
South China Morning Post
City improved from 5th place last year, but still lags New Zealand, Singapore and Denmark Mainland China shoots up 32 places to 46th thanks to ‘impressive’ reform measures Read the full story
How Vietnam's New Leader Could Strengthen Ties to China
TIME
Balancing U.S. ties with a rising China is not an easy task for a country with a history of self-reliance Read the full story
Vietnam cyber law will guard against fake news, terrorism: security ministry
Business Insider
FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes Thomson Reuters HANOI (Reuters) - A Vietnamese cybersecurity law that global technology companies and rights groups have warned could undermine development and stifle innovation, will protect the country from increasing cyber threats, the security ministry has said. Legislators approved the law in June, overriding strong objections from companies like Facebook and Alphabet Inc's Google, Read the full story
China manufacturing weakens to 2-year low amid trade battles
ABC News
China's manufacturing activity falls to 2-year low in October, adding to pressure on Beijing amid tariff war with Washington Read the full story

Asia's Most Dominant Economy Is Slowing Down The Entire Continent
Forbes Magazine
Surprising as it may be, China is pulling down the rest of Asia. To put things into perspective, if China is to be excluded from the trade calculations, Emerging Asian exports and imports would have recorded a 13% and 16% growth in the year 2017. Including China, these figures go down substantially. Read the full story

Amid South China Sea tensions, what will the meeting between the US and China’s defence chiefs yield?
South China Morning Post
Mark J. Valencia says the meeting could establish ground rules for what could prove to be a stormy period for US-China relations ahead The Chinese defence minister will also be looking to understand how entrenched and widespread anti-China sentiment is in the US government Read the full story



EUROPE

In Khashoggi case, France says it's not Saudi-dependent
ABC News
France's foreign minister says the French arms industry isn't dependent on sales to Saudi Arabia, suggesting that France need not prioritize its economic ties with the kingdom as it weighs its response to the killing of Saudi journalist Jamal Khashoggi Read the full story

New Brexit vote may hamper independence goal, Scottish lawmaker says
Business Insider
FILE PHOTO: Pete Wishart MP (2ndL) and John Swinney MSP arrive at Perth Congregational Church in Perth, Scotland Thomson Reuters EDINBURGH (Reuters) - A senior member of the Scottish National Party has questioned his party's backing for a second vote on European Union membership, arguing that it could undermine its Scottish independence goal. In a rare public sign of dissent Pete Wishart, an SNP lawmaker in Britain's national parliament, said in a newspaper column that supporting a second " Read the full story

MPs WILL agree Brexit deal because they are 'terrified', Davis admits
Daily Mail
The former Brexit secretary said 'irrational fear' would win out in Parliament if the PM manages to get any kind of agreement with Brussels. Read the full story

British applications for Irish passports almost double as Brexit looms
CNN
The number of British residents applying for Irish passports has almost doubled since the Brexit referendum, new figures show. Read the full story

UK and Iceland secures right to remain for their citizens after Brexit
Business Insider
COPENHAGEN (Reuters) - Icelandic citizens in Britain and British citizens in Iceland will keep their residence rights after Brexit, even in the case of no deal with the European Union, the Icelandic Foreign Ministry said on Wednesday. The deal between Britain and Iceland, not a member of the EU but part of the single market as a member of the wider European Economic Area (EEA), comes one day after fellow EEA-member Norway announced a similar agreement. (Reporting by Stine Jacobsen; Editing by Read the full story

EU shows no sign of heeding U.S. threat over derivatives clearing
Reuters
The European Union is proposing to give the European Central Bank sweeping powers over foreign clearing houses in times of market stress, an EU document showed, as the bloc shows little sign of heeding U.S. calls to water down the plans. Read the full story

PM May told executives Britain to be 'unequivocally' pro-business: May's office
Reuters
British Prime Minister Theresa May told 150 business leaders that her government would be "unequivocally pro-business", May's office said on Wednesday, after criticism from some quarters that business had slipped as a priority in Brexit talks. Read the full story

UK, EU agree tentative Brexit deal on financial services - The Times
Reuters
Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, The Times reported on Thursday. Read the full story
d
CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
 
CBI closed on Friday and Saturday
ISX Closed on Friday and Saturday
 
Kauaihn Chatter:
 
 
11-2-2018   Intel Guru Bruce   ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night?  China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now.  ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
 
11-1-2018   Newshound Guru MilitiaMan  On a slightly different path we see working in conjunction with Iraq, we did see the AMF with Iraq that ended a 10 day meeting...last Thursday.  It was between Iraq and the AMF among others like the IMF, WB, BIS, etc.. Why is this all important...ContractsThe AMF (22 countries), Kuwait, USA, Great Britain, Japan, Korea, etc., were working on imo valuation of the REER to use for to adjust contracts. Very important part of the final process.. They need to establish Fair Value for pricing goods and services.

11-1-2018   Newshound Guru Kaperoni
   [When are they [IMF] going to review Iraq’s situation again I wonder]  Once the government is fully formed.  I would expect we will hear within a month.
 
11-1-2018   Newshound Guru Adam Montana   [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.]     Dramatically  indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
 
11-1-2018   Newshound Guru MilitiaMan   Quote:  "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made.  Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange."  They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.

11-1-2018   Intel Guru ADMINBILL   ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them.  That does not mean they are incorrect.  Imo, what they share is meant for those that are the bankers, lawyers and agencies that  will make the RV/GCR process happen when the release is activated.  Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice.  And perhaps it is a way of making sure we are ready as well.
 
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:
 
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ARTICLE 1 (from PM Mahdi's website; posted on both Arabic and English sides)

Headlines only, all dated November 1, 2018

* Prime Minister Mr. Adel Abdul Mahdi receives Jordanian Foreign Minister Mr. Ayman Safadi
* Prime Minister, Mr. Adel Abdulmahdi, receives a cable of congratulations from the President of the Republic of South Korea, Mr. Moon Ji-I, on 1 November 2018.
* Prime Minister Adel Abdul Mahdi receives a cable of congratulations from the Prime Minister of Russia, Mr. Dmitry Medvedev,
* Prime Minister Mr. Adel Abdul-Mahdi receives a cable of congratulations from Premier Li Keqiang of the State Council of the People's Republic of China
* Prime Minister Adel Abdul Mahdi receives a cable of congratulations from German Chancellor Angela Merkel
* Prime Minister Adel Abdul Mahdi received a cable of congratulations from Russian President Vladimir Putin
* Prime Minister Mr. Adel Abdul Mahdi receives the Egyptian Ambassador in Baghdad Mr. Alaa Musa

*************
ARTICLE 2

Government of Iraq twitter account:
  1. Government of IraqVerified account @IraqiGovt 11-1-2018 around 9 am Easwtern
    PM @AdilAbdAlMahdi presented to Iraq's parliament the new @IraqiGovt programme for the period 2018-2022. Find out more about key elements of the programme here
*************
ARTICLE 3

Raed Fahmi: The rest of the ministers of Abdul Mahdi will pass in stages

BAGHDAD - November 1 - The leader of the alliance, "Saroun," Raed Fahmi, on Thursday, the agreement of the parliamentary forces to pass all the remaining candidates within the government of Adel Abdul Mahdi, expected to reach a settlement to pass some of the candidates.

Fahmi added in a press statement: "There is no constitutional and legal provisions that require the resolution of the remaining eight ministries in the government of Adel Abdul Mahdi, one session," likely "the Prime Minister sought to pass the candidates agreed in the coming sessions."

Fahmi added that "the Prime Minister to deal with the remarks of the Alliance and other parties to some candidates," pointing out that "if not change the names of candidates, Adel Abdul Mahdi will face difficulties when he put the names of his cabinet last week."

He expected the MP from the Communist Party affiliated with the alliance of the others, that "witness the next week pass some candidates in the government of Adel Abdul Mahdi," noting that "the remaining eight ministries in the government of Adel Abdul Mahdi, will be phased in the House of Representatives."

The House of Representatives gave confidence to 14 ministers in the government of Abdul Mahdi, while the vote on 8 candidates, including candidates for ministers of Interior, Defense, Culture and Justice, because of the lack of consensus to pass them.

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

The severe imprisonment of the former assistant director of real estate registration in Adhamiya

BAGHDAD, Nov. 1 (Xinhua) - The Integrity Commission announced on Thursday the issuance of a court of delicts on issues of integrity, economic crime and money laundering in Baghdad, in absentia with severe imprisonment, against the former assistant director of real estate registration in Adhamiya; Penalties.

She pointed out that "the fugitive convicted, in collaboration with other persons separated from their cases, intentionally committed a violation of her duties by marking the non-disposition of a property belonging to the Ministry of Finance," pointing out that "the issuance of a copy of the registration of the property, The court, after reviewing the evidence of the legal representative of the real estate registration department, and the administrative investigation that proved the accused's copyist, as well as the testimony of the accused and the witnesses, and the presumption of escape, found them sufficient and convincing to condemn Pursuant to the provisions of Article 331 of the Penal Code No. 111 of 1969 ".
The judgment issued in late July included an arrest warrant against the conviction and the seizure of its movable and immovable property, with the right of the complainant, in addition to his job, to review the civil courts to claim compensation after the ruling has been rendered conclusive. End Ah

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

The arrest of 6 men from the army office in Mosul
2018/11/1 23:02
[Baghdad - Where]
On Thursday, the security forces arrested six members of the terrorist gangs who are working in the so-called army headquarters on the left side of Mosul.
"The first police emergency regiment of the Nineveh Police Command, based on accurate intelligence information, has arrested six members of the terrorist gangs wanted by terrorist cases, all of whom were working as fighters in the so-called ' They acknowledged their involvement in fighting against our security forces. "
He said that "the arrest in the areas and neighborhoods [of municipalities, sugar and border and traffic and victory] on the left side of the city of Mosul."

*************
ARTICLE 6

Crying is a substitute for laughter to relieve tension and anxiety

TOKYO (Reuters) - November 1 - The most effective way to relieve tension is to cry, instead of the usual ways of laughing, sleeping or eating a cup of warm coffee, one Japanese scholar said.

Hidfumi Yoshida, a former high school teacher, describes himself as a "teacher of tears". He organizes workshops and lectures regularly throughout Japan to educate people about the psychological benefits of crying.

"Crying is more effective than laughing or sleeping to reduce stress," Yoshida, 43, told the Japan Times.

Yoshida explains that listening to emotional music, watching sad movies and reading books that lead to tears are practices that can provide great benefits to mental health by stimulating sympathetic nerve activity (it stimulates the secretion of sweat and redness of the face from shame because of Phobia and social fear), which slows the heart rate, which can have a calming effect on the mind.

"If you cry once a week, you can live a stress-free life."

In 2014, Yoshida collaborated with Hideho Arieta, professor of medicine at Toho University in Tokyo, to launch a series of lectures aimed at raising awareness of the benefits of crying.

Since then, requests from schools and companies to host workshops and other activities on this subject have come to him.

Yoshida is not the first to promote the soothing effects of crying. In 1981, a study called "Tears Expert" by Dr. William Frey at the University of Minnesota claimed that crying called "endorphins" (a hormone consisting of a polypeptide chain, One of the most important painkillers produced naturally in the human body), thus enhancing feelings of happiness and well-being.

Another study, conducted in 2008 on more than 3,000 people, found that crying made people feel much better in difficult situations, prompting researchers to suggest relying on crying as a form of treatment.




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