| WOTS Friday 3/8/19 |
New York Stock Exchange raises name and logo of Iraq stock market
They say it's for International Woman's Day? Really? I think they are getting ready!
The New York
Stock Exchange (NASDAQ: NAZDAQ), the New York Stock Exchange (NYSE: NAZDAQ), has unveiled the name and logo of the Iraq Stock Exchange, a historic event to raise the name of Iraq and give an important message of great interest by a global institution.
The Iraq Stock Exchange is a self-regulated organization established in 2004. The Iraqi market has been using NAZDAQ's global systems, which have been used by 32 Arab and European stock exchanges and NASDAQ stock exchanges since 2009 until today.
Stock Exchange (NASDAQ: NAZDAQ), the New York Stock Exchange (NYSE: NAZDAQ), has unveiled the name and logo of the Iraq Stock Exchange, a historic event to raise the name of Iraq and give an important message of great interest by a global institution.
The Iraq Stock Exchange is a self-regulated organization established in 2004. The Iraqi market has been using NAZDAQ's global systems, which have been used by 32 Arab and European stock exchanges and NASDAQ stock exchanges since 2009 until today.
The Iraqi Stock Exchange is one of the most important Arab financial markets as it is keen to use and develop electronic systems. Today, it celebrates with the Iraqi Stock Exchange through an important announcement published on NASDAQ Tower to congratulate the international women and their role in making life.
Banks, the return of the "gold standard": gold in financial statements becomes money
What is happening on the world gold reserves? On the gold market there is a cold war climate: for the first time in 50 years, central banks bought over 640 tons of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when US President Richard Nixon (pictured) closed the era of the Gold Standard.
The interesting fact is that the European central banks, together with the Asian ones, have been the most aggressive in their purchases: fear of the euro crisis and of currency wars?
In reality, and this is especially true in Europe, behind the great maneuvers on gold reserves there is not only the traditional protective shield against major risks: there is also the call of opportunity. A reminder of which few still seem to know, despite the appointment is now a matter of a few weeks: those that are missing March 29, 2019. The day of judgment for the Brexit will also be the advent for the gold market.
It is not clear whether by choice or by chance, the Bank of International Settlements of Basel, the «Central Bank of Banks» for its key role in the world financial system, has set an appointment with the story for March 29: resurrection of the Gold Standard in the banking world. For almost 60 years, the gold standard has regulated the convertibility between gold and dollar, engaging the market value: in 1971 it was the American president Richard Nixon, frightened by the bearish pressures that were likely to sink the dollar in the cold war, to cut the cordon with gold decreeing the end of the gold standard. Now something starts moving in the opposite direction.
Gold as cash
Il Sole 24 Ore has discovered that among the complex but well-known reforms of the standards for credit and finance from the "Basel 3" plan, there is an accounting alchemy that can turn gold into money in the balance sheets of the large banking groups. From 29 March, by decision of the BIS, the gold in the portfolio of commercial and business banks becomes "Cash Equivalent", an asset equivalent to cash and therefore "risk free". In fact, it is the first "reassuring of gold" since the time of the Bretton Woods agreement: technicians call it "Gold Remonetization", a process that is the reverse of the "demonetization" of gold decided by Nixon.
Il Sole 24 Ore has discovered that among the complex but well-known reforms of the standards for credit and finance from the "Basel 3" plan, there is an accounting alchemy that can turn gold into money in the balance sheets of the large banking groups. From 29 March, by decision of the BIS, the gold in the portfolio of commercial and business banks becomes "Cash Equivalent", an asset equivalent to cash and therefore "risk free". In fact, it is the first "reassuring of gold" since the time of the Bretton Woods agreement: technicians call it "Gold Remonetization", a process that is the reverse of the "demonetization" of gold decided by Nixon.
Same status as sovereign bonds
The operation of the BIS, as reconstructed by the Sole24Ore, carries the signature of the FED, the ECB, the Bundesbank, the Bank of England and the Bank of France, the G-5 of the great global monetary powers. In 2016, when the new rules of the banking system included in the "Basel 3" package were defined, the Central Bankers Committee inserted an epoch-making norm that no one, however, has ever openly discussed in public. In practice, gold in "physical" bullion - hence not under the "synthetic" form as the certificates - returns to be considered by regulators as the equivalent of the dollar and the euro in terms of asset security, thus eliminating the obligation to weight the risk for the purpose of capital absorption, as with any other financial asset, excluding (for now) the eurozone government bonds. The turning point is not insignificant, for the gold market and for the very role of national gold reserves. The result is significant: with the new rules of Basel 3, gold is given the same status that is now recognized for sovereign bonds in banks' balance sheets. A question therefore arises: is the promotion of gold the premise for applying a weighting of risk to the government securities held by banks? From the debt crisis, the regulators' objective was in fact twofold: to impose on the banking system to hold an adequate equity to cover the extent of the risks. In the crosshairs there are mainly the Government Securities, that according to current rules can be held by banks without any impact on their assets. The issue mainly concerns low-rating countries such as Italy, Spain, Portugal and Greece, which were seen to be special after the debt crisis in 2011.
The operation of the BIS, as reconstructed by the Sole24Ore, carries the signature of the FED, the ECB, the Bundesbank, the Bank of England and the Bank of France, the G-5 of the great global monetary powers. In 2016, when the new rules of the banking system included in the "Basel 3" package were defined, the Central Bankers Committee inserted an epoch-making norm that no one, however, has ever openly discussed in public. In practice, gold in "physical" bullion - hence not under the "synthetic" form as the certificates - returns to be considered by regulators as the equivalent of the dollar and the euro in terms of asset security, thus eliminating the obligation to weight the risk for the purpose of capital absorption, as with any other financial asset, excluding (for now) the eurozone government bonds. The turning point is not insignificant, for the gold market and for the very role of national gold reserves. The result is significant: with the new rules of Basel 3, gold is given the same status that is now recognized for sovereign bonds in banks' balance sheets. A question therefore arises: is the promotion of gold the premise for applying a weighting of risk to the government securities held by banks? From the debt crisis, the regulators' objective was in fact twofold: to impose on the banking system to hold an adequate equity to cover the extent of the risks. In the crosshairs there are mainly the Government Securities, that according to current rules can be held by banks without any impact on their assets. The issue mainly concerns low-rating countries such as Italy, Spain, Portugal and Greece, which were seen to be special after the debt crisis in 2011.
The banks of these countries, both to increase profitability (carry trade) and to facilitate the issue of public debt in auctions, have the highest amount of government securities in the euro area. And this phenomenon is particularly felt in Italy, where the banking system has 400 billion BTp on the 2.4 trillion of public debt. What would happen then, if it were applied to risk weighting on BTPs as the Basel Committee wants? The consequences depend on the level of risk weighting applied to the BTPs: if it were high, some banks could be forced to replace the securities with other financial assets, including gold, or to proceed with capital increases. At a time when the market is reluctant to buy bank shares, the risk of repercussions on the stability of the banking system could be high. Just look at the Credit default swaps (default risk insurance) on Italian banks: according to Bloomberg data, the 5-year CDS of some of the major Italian banks have surged since the spring of 2018, even tripling in some cases the value. It is in this context that the date of March 29 is approaching rapidly.
Countries that have repatriated gold from abroad regaining control and management are already protected from the risk of being short of physical gold after March 29 to make available to their banks in case they want to replace it with sovereign bonds . In the arsenal of the system, there is a golden mountain of 33,000 metric tons of gold worth 1,400 billion dollars at the current exchange rate. And that represents 20% of all the gold extracted in the world in almost 3 thousand years. As usual, the most forward-looking and prudent countries - or perhaps the best informed about the turnaround at the end of March, were Germany, Holland, Austria, France, Switzerland and Belgium, but also Poland, Romania and Hungary regained control of gold reserves, increasing their consistency. China, Russia, India and Turkey, on the other hand, have been the nations that have bought gold in the last two years more than anyone else, with Moscow having even liquidated its entire portfolio in US government bonds to replace them with precious metal. But the problem is not this: it is on the price of gold that the accounts do not return.
In 2018, as many as 641 tons of gold bars were bought by the monetary authorities of every continent, but above all in Europe: it is the highest level since 1971. The maneuver is unprecedented and should be seen in the phenomenon of repatriation of ingots of state entrusted in custody. Seven thousand tons of gold reserves were withdrawn from the central banks from the coffers of the New York Federal Reserve, while 400 tons were secretly released by the Bank of England. In recent years, but especially in 2018, a jump in the price of gold would have been in the order of things. On the contrary, gold closed last year with a 7% downturn and a negative financial return. How do you explain?
While the central banks raided "real" gold bars behind the scenes, they pushed and coordinated the offer of hundreds of tons of "synthetic gold" on the London and New York price lists, where 90% of the trading on metals takes place. precious: the excess supply of gold derivatives obviously served to knock down the price, forcing investors to liquidate positions to limit the large losses accumulated on futures. Thus, the more futures prices fell, the more investors sold "synthetic gold", triggering bearish spirals exploited by central banks to buy physical gold at ever lower prices. With all due respect to those looking at gold as a safe haven. China, India, Russia and Turkey, has practically doubled the gold reserves in the last five years with this system. Moscow, to buy gold, has even sold the last 20% of American government bonds it held in currency reserves.
How compatible is such a situation with the duties of correctness and transparency of a central bank? Certainly, the system created by the Anglo-American "Goldfinger" really seems to be made for abuses. Who knows what will happen after March 29 ...
WOTS Friday 3/8/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,179.0000 | 1,179.0000 | 1,179.0000 | | 20:00 |
| USD/VND | | | 23,164.5000 | 23,084.3000 | 23,084.3000 | | 02:30 |
| USD/CNY | | | 6.7257 | 6.7100 | 6.7140 | | 06:05 |
| USD/KWD | | | 0.3036 | 0.3030 | 0.3035 | | 06:24 |
| GBP/USD | | | 1.3107 | 1.3069 | 1.3090 | | 06:29 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,411.0000 | 14,177.5000 | 14,221.0000 | | 06:28 |
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DC NY Iraq Articles:dd
To cancel savings .. The Kurdistan government holds an important meeting
10:40 - 08/03/2019
Baghdad - Mawazine News The cabinet of the Kurdistan Regional Government (KRG) will hold a meeting on Friday to discuss a number of regional issues.
"The meeting will discuss the abolition of compulsory savings for salaries of employees and financial reform and decisions aimed at improving the lives of citizens," the reporter said.
He added that "this meeting may be the last of the current provincial government headed by Nigervan Barzani, in the event of completion of the agreement between the Kurdish parties to share positions in the government and parliament of the region."
"The meeting will discuss the abolition of compulsory savings for salaries of employees and financial reform and decisions aimed at improving the lives of citizens," the reporter said.
He added that "this meeting may be the last of the current provincial government headed by Nigervan Barzani, in the event of completion of the agreement between the Kurdish parties to share positions in the government and parliament of the region."
Deputy rule out the vote on the cabinet cab in tomorrow's mess
11:37 - 08/03/2019
Information / Private ..
The deputy MP for the alliance of Ali Ghawi on Friday, the vote on the cabinet cab in the parliament session tomorrow, pointing out that the meeting will be devoted to discuss issues related to corruption and ways to eliminate them in the presence of the three presidencies.
"The first session in the second legislative term of parliament will be void of discussion or vote on the ministerial cab," Ghawi said in a statement.
He added that "the meeting tomorrow will be held in the presence of the presidents of the Republic and ministers and the Supreme Court and integrity to discuss the Supreme Council to combat corruption and consider the most important issues related to this file, and ways to identify the most important developments."
He said that "the other sessions of the parliament will witness the vote on the cabinet cabin after consultation between the blocs on the subject and candidates for vacant portfolios." End 25 n d
KRG deputy PM says not sure if he will participate in new gov't
Thursday، 07 March 2019 11:21 PM
Kurdistan Regional Government Deputy Prime Minister Qubad Talabani said Thursday that he has not yet decided whether he would take part in the new KRG government.
Talabani said during a press conference in Halabja city that the talks between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) to form a new government have seen much progress, especially after a political agreement was conducted between the two sides.
He added that talks with the KDP on the distribution of ministries have not yet begun, affirming that he has not yet nominated himself to the post of deputy prime minister in the new government.
He added that he will make his decision with the start of formal talks between the KDP and PUK.
The parliamentary speaker vows a campaign of questioning for a number of ministers
The parliamentary legal committee on Friday promised a number of ministers to question them in the House of Representatives, with the beginning of the second legislative term.
"We have many negative indicators on the performance of a number of ministers, and the next legislative chapter will witness interrogations of a number of ministers and officials in those ministries," MP Mahmoud Mulla Talal told NRT about the performance of some ministries.
"The parliamentary legal committee has called on some ministries to remove general managers from their positions because of the conclusion of contracts with intermediaries instead of contracting with parent companies."
He pointed out that "these side contracts led to the depletion of the state treasury, and these new sections of corruption and the Legal Committee is in the process of processing."
US Top Commander Says War Against IS "Far from Over"
BasNews 08/03/2019 Published in Middle East
The Islamic State (IS), despite being defeated physically, is making preparations for resurgence in Syria. The allies, therefore, need to maintain a "vigilant offensive" against the jihadist group, the top US commander for the Middle East said on Thursday.
"Reduction of the physical caliphate is a monumental military accomplishment - but the fight against ISIS and violent extremism is far from over and our mission remains the same," US Central Command head, General Joseph Votel, told the Congress, using a different acronym for the IS, as quoted by Channel NewsAsia.
"The ISIS population being evacuated from the remaining vestiges of the caliphate largely remains unrepentant, unbroken and radicalized. We will need to maintain a vigilant offensive against this now widely dispersed and disaggregated organisation," he added.
President Donald Trump in December announced the withdrawal of the US forces from Syria, saying that he believes the war against the IS has ended.
Votel, however, pointed out that the next stage of the combat against the extremist group will be dealing with a "disaggregated organisation" of group's sleeper cells who are still motivated by extremist ideology.
"This will look very much like an insurgency. We will see low-level attacks. we'll see assassinations, we'll see IED attacks, we'll see ambush-type things as they begin to emerge from this."
Foreign Troops in Iraq Not a Threat to Neighbors: Parliament Speaker
BasNews 08/03/2019 - 01:00 Published in Iraq
The presence of the US-led coalition troops in Iraq poses no threat to the neighboring countries, Iraqi Parliament Speaker Mohammed al-Halbusi said on Thursday.
Halbusi made the remarks during a visit to Iran where he had meetings with President Hassan Rouhani, Foreign Minister Mohammad Javad Zarif, and Ali Shamkhani, secretary-general of Iran’s National Security Council, where they shed light on the bilateral ties, Anadolu Agency quoted a statement by the Iraqi parliamentary official's office.
"The coalition is here at the invitation of the Iraqi state. Baghdad still needs support to combat the continuing terrorist threat," Halbusi said.
"The coalition does not pose a danger to neighboring countries, including Iran," he added.
The Iraqi official, however, reaffirmed Baghdad's opposition to "any sanctions that hurt the [Iranian] people," referring to Washington's new sanctions on Tehran which were re-imposed last year, according to the report
Kauaihn Iraq Articles:dd
PUK Postpones Meeting to Decide on Nominee for Parliamentary Speaker
BasNews 08/03/2019 - 00:36 Published in Kurdistan
The Patriotic Union of Kurdistan (PUK) has delayed the meeting which had been expected to be held on Friday to make a final decision on its nominee for the position of the parliament speaker, the party said in a statement on Thursday.
Earlier on Wednesday, the PUK said that it would select its candidate for the parliamentary top position within 48 hours, explaining that they would decide between MP Rewaz Fayiq, who is supported by PUK deputy Secretary General Kosrat Rasoul, and MP Begard Talabani, who enjoys the backing of the family of the party's late secretary general, Jalal Talabani.
The post of the parliament speaker, based on political a agreement between the Kurdistan Democratic Party (KDP) and the PUK, will be held by the latter.
"The PUK leadership Council was expected to hold a meeting tomorrow [Friday] to make a final decision on its candidate for the position of the parliament speaker, but the meeting was postponed," Adnan Hamai Mina, a leading member of the PUK, told BasNews.
He pointed out that he has no idea what the reason behind the postponement of the meeting was, but that it would be held sooner or later to select a nominee for the top position of the Council of Representatives.d
US VP Thanks Barzani for Protecting Religious, Ethnic Diversity in Kurdistan
BasNews 08/03/2019 -Kurdistan
US Vice President Mike Pence has thanked the Kurdish leader and former president of the Kurdistan Region, Masoud Barzani, for protecting diverse religious and ethnic groups in the region.
Barzani received on Thursday in Erbil a US delegation headed by Assistant Secretary of State for Conflict and Stabilization Operations Denise Natali, where the Kurdish prominent leader extended his gratitudes to Pence for his care for the minority religious and ethnic groups in Iraq, Barzani's office said in a statement.
They further discussed the situation in the liberated areas from the Islamic State (IS) as well as the security affairs of the IDPs and Syrian refugees, both sides stressing the normalization and stabilization of the areas while providing public services to the civilians in the recaptured territories, according to the statement.
Barzani with the delegates also shed light on the fight against terrorism and ideology of terror in the country.
The pair additionally exchanged views on the bilateral ties between Erbil and Washington.
Al-Amiri: The leaders of the security services must be careful and terrorism may be activated again
In the policy of March 8, 2019
Comments on Amiri: the leaders of the security services take caution and may be active terrorism again.
BAGHDAD / SNG - The head of the Fatah alliance, Hadi al-Amiri, rejected the idea that Iraq is a place for settling scores or a platform for targeting neighboring countries.
Ameri said in a speech during the festival of Martyr resistance that "the intervention of the US embassy is clear in the Kirkuk crisis and the solution to its administration is not only through the components of the province." He also called for the continuation of military operations and the inspection of the liberated areas and their parties to end the remnants of gangs and called on the terrorist, "calling," the leaders of the security services take caution because terrorism may be activated again. "
Ameri said in a speech during the festival of Martyr resistance that "the intervention of the US embassy is clear in the Kirkuk crisis and the solution to its administration is not only through the components of the province." He also called for the continuation of military operations and the inspection of the liberated areas and their parties to end the remnants of gangs and called on the terrorist, "calling," the leaders of the security services take caution because terrorism may be activated again. "
KRG deputy PM says not sure if he will participate in new gov't
Thursday، 07 March 2019 11:21 PM
Talabani said during a press conference in Halabja city that the talks between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) to form a new government have seen much progress, especially after a political agreement was conducted between the two sides.
He added that talks with the KDP on the distribution of ministries have not yet begun, affirming that he has not yet nominated himself to the post of deputy prime minister in the new government.
He added that he will make his decision with the start of formal talks between the KDP and PUK.
Iranian influence in Samarra
Friday، 08 March 2019 12:12 AM
Iranian Ambassador to Iraq Iraj Masjedi's visit to Samarra in the province of Salahudin and his meeting with a number of local officials raised concerns of Iraqi people as they thought Iran may be preparing a new plan to administratively control the city.
Masjedi and the governor general of Salahudin province, Raed al-Jabouri, agreed in February on investing in the economic development of Samarra City.
Masjedi congratulated the Iraqi government and people on their victories against ISIS terrorists, stressing that Iran is standing by Iraq in its reconstruction.
Iran will also participate in the reconstruction of Samarra and Tikrit, he said.
Iran's cooperation with Iraq is not limited to the southern provinces but will include Salahudin as well, Masjedi added.
He referred to 4 million Iranian pilgrims visiting Iraq annually and also 1,850,000 passengers visiting Samarra, saying building infrastructures and preparing accommodations in Samarra will play a major role in developing the economy.
He also pointed to an upcoming trip slated to be made by an Iranian economic delegation to Samarra, saying it aims to prepare the grounds and investment in the agricultural, industrial and tourism fields.
Meanwhile, Jabouri referred to Iran's support of territorial integrity in Iraq, saying Iraq will never forget Iran’s aid in putting an end to ISIS terrorists.
Security grounds have been prepared for investment in Samarra, Dujail and Balad, he said.
For his part, Sheikh Qais Samarrai said that the city of Samarra during the previous years that followed the US invasion in 2003 suffered a lot of government ignorance under the control of the militias.
Samarrai said that "the militias have transformed life inside the city into a jungle life in order to make a demographic change in the city."
He pointed out that the local government and its clans previously demanded the transfer of Samarra to a religious province, but the Iraqi government rejected it.
"We, today, after the visit of the Iranian ambassador, do not accept that Samarra becomes a separate religious province," he stated.
Samarra is a historic city located on the eastern bank of the Tigris River in the province of Salahudin, 125 km north of Baghdad. It is home to various Arab tribes, and most of them are Sunnis.
It is also one of the most important holy cities of the Shiites.
Investment in Samarra
Salahudin province officials invited Iranian companies to invest in Iraq and especially in Samarra.
Addressing a meeting which was held with the attendance of Masjedi, Salahudin Governor Ammar Al-Jabr said that due to the lack of attention and also security matters, Samarra infrastructures are not suitable for pilgrims.
He invited Iranian companies to participate in the infrastructure section and also in other economic activities in Samarra.
He went on to say that Salahudin province has been rescued from terrorism and the remaining terrorists will also be removed.
Serious measures have been taken to develop this area, he noted.
Masjedi and the governor general of Salahudin province, Raed al-Jabouri, agreed in February on investing in the economic development of Samarra City.
Masjedi congratulated the Iraqi government and people on their victories against ISIS terrorists, stressing that Iran is standing by Iraq in its reconstruction.
Iran will also participate in the reconstruction of Samarra and Tikrit, he said.
Iran's cooperation with Iraq is not limited to the southern provinces but will include Salahudin as well, Masjedi added.
He referred to 4 million Iranian pilgrims visiting Iraq annually and also 1,850,000 passengers visiting Samarra, saying building infrastructures and preparing accommodations in Samarra will play a major role in developing the economy.
He also pointed to an upcoming trip slated to be made by an Iranian economic delegation to Samarra, saying it aims to prepare the grounds and investment in the agricultural, industrial and tourism fields.
Meanwhile, Jabouri referred to Iran's support of territorial integrity in Iraq, saying Iraq will never forget Iran’s aid in putting an end to ISIS terrorists.
Security grounds have been prepared for investment in Samarra, Dujail and Balad, he said.
For his part, Sheikh Qais Samarrai said that the city of Samarra during the previous years that followed the US invasion in 2003 suffered a lot of government ignorance under the control of the militias.
Samarrai said that "the militias have transformed life inside the city into a jungle life in order to make a demographic change in the city."
He pointed out that the local government and its clans previously demanded the transfer of Samarra to a religious province, but the Iraqi government rejected it.
"We, today, after the visit of the Iranian ambassador, do not accept that Samarra becomes a separate religious province," he stated.
Samarra is a historic city located on the eastern bank of the Tigris River in the province of Salahudin, 125 km north of Baghdad. It is home to various Arab tribes, and most of them are Sunnis.
It is also one of the most important holy cities of the Shiites.
Investment in Samarra
Salahudin province officials invited Iranian companies to invest in Iraq and especially in Samarra.
Addressing a meeting which was held with the attendance of Masjedi, Salahudin Governor Ammar Al-Jabr said that due to the lack of attention and also security matters, Samarra infrastructures are not suitable for pilgrims.
He invited Iranian companies to participate in the infrastructure section and also in other economic activities in Samarra.
He went on to say that Salahudin province has been rescued from terrorism and the remaining terrorists will also be removed.
Serious measures have been taken to develop this area, he noted.
US Hails Kurdistan for Brave War Against Terrorism
BasNews 08/03/2019 - 00:43 Published in Kurdistan
The United States has paid tribute to the Kurdistan Region and its Peshmerga fighters' bravery during the deadly war against the Islamic State (IS) and hosting a large number of IDPs and Syrian refugees in the past few years, according to a message conveyed by a delegation from Washington on Thursday.
The US delegation, led by US Assistant Secretary of State for Conflict and Stabilization Operations Denise Natali, paid a visit to the Kurdistan Region's Prime Minister Nechirvan Barzani in Erbil on Thursday where the Kurdish premier, meanwhile, thanked the US for its continuous assistance to the region, Barzani's office said in a statement.
The Kurdish leader further briefed the US delegates with the latest developments on the war against IS in the region and ways to eliminate the ideology of the militant group which is still a threat to Iraq.
The US delegation additionally praised the role of the Kurdistan Region in preserving the coexistence of the diverse ethnic and religious groups in the area.
They also stressed on the improvement of the political process in Iraq as well as the relations between Erbil and Baghdad through resolving the remaining issues via peaceful dialogue, where Barzani, according to the statement, reiterated his government's readiness in this regard.
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PASSAU, Germany (Reuters) - Turkey cannot become a member of the European Union, said Manfred Weber, the European Peoples Party's (EPP) lead candidate for the upcoming European elections, adding that he would end accession talks if he becomes European Commission president. Turkey says EU membership remains one of its top strategic goals even though accession talks, formally launched in 2004, have been stalled for years. Weber, the center-right EPP candidate to be EU Commission President after Read the full story
Zimbabwe on Tuesday allowedmining companies and other businesses to import their own fuelfollowing shortages that have gripped the economy in the lastsix months due to a severe dollar crunch, a cabinet ministersaid. Read the full story
Cryptocurrency exchanges in Hong Kong are taking steps to reorganise their operations by offering separate trading platforms for professional investors, as they heed calls from the securities regulator which is exploring a future licensing framework that… Read the full story
Photos taken just 2 days after the Trump-Kim Hanoi summit show rebuilding at the Sohae Satellite Launching Station, North Korea's operational space launch facility. Read the full story
China stocks reached a nine-month high on Wednesday on further news of government policies to boost a slowing economy, despite awaiting progress on the trade war. The Shanghai Composite closed up 1.57 per cent, or 47.85 points, to 3,102.10, its highest… Read the full story
While a slowing economy and pressure on jobs dominated the “two sessions” this year, President Xi Jinping refocused his attention to the environment at China’s key annual political gathering. Speaking to fellow deputies from Inner Mongolia at the National… Read the full story
As the Chinese economy slows, Beijing is faced with a choice about its state-capitalist model Read the full story
Chinese foreign directinvestment (FDI) in Europe fell 40 percent in 2018, hitting itslowest level in four years, and stricter European Union rulesare likely to curb Chinese M&A activity even further, a surveyshowed on Wednesday. Read the full story
(refiles to clarify headline) Read the full story
BRUSSELS (Reuters) - The latest talks between EU and UK Brexit negotiators have been "difficult" and no agreement has been found yet, a spokesman for the bloc's executive said on Wednesday. "(EU Brexit negotiator) Michel Barnier has informed the Commission that while the talks take place in a constructive atmosphere, discussions have been difficult," the spokesman, Margaritis Schinas, told a news conference. "No solution has been identified at this point that is consistent with the Withdrawal Read the full story
Over 1 million British nationals live in the EU and are unsure of the future. Read the full story
The issue of knife crime dominated clashes between Theresa May and Jeremy Corbyn at prime minister’s questions following a series of fatal stabbings across the UK. Read the full story
d
GLOBAL/NEWS/INFO
Today in History
ABC News
Today in History Read the full story
10 Things to Know for Today
ABC NewsAmong 10 Things to Know: Guidelines ask agents to target Spanish speakers at border; Manafort scheduled to learn sentence for tax and bank fraud; 23 tornado deaths 'gut wrenching' in tiny Alabama communityRead the full story
OIL/COMMODITIES/ENERGY
Gold prices edged up on Wednesday after bouncing back from an over five-week low in the prior session, as a rally in global stocks stalled. Read the full story
Commodities Mar 06, 2019 13:30 GMT Investing.com - Gold prices were higher on Wednesday, climbing to the best levels of the session after data showed that U.S. non-farm private employment rose less than expected. U.S. private employers added 183,000 jobs in February, below economists’ expectations, a report by a payrolls processor ADP (NASDAQ:ADP) showed. Economists had expected the ADP nonfarm payrolls report to show a gain of 189,000 jobs. Private sector jobs increased by 300,000 in January, Read the full story
BANKS/BANKING/CREDIT
First Capital Bank has migrated from the Barclays Bank system to a new system as the bank continues to sets its own footprints since taking over from the United Kingdom headquartered institution. In an official communique send to third party banking system service provider, Payserve Zimbabwe last week, First Capital Bank notified its services providers and customers that it had adopted a new system with effect from today. "As a result of the bank's migration to a new information technology Read the full story
A Chase Bank branch location with the corporate logo and sign visible. Pedestrians walk by this downtown Seattle, Washington location. Big banks have been closing branches in lower-income areas and shifting more of their attention to wealthier ones, based on a new report from Bloomberg. Overall, there’s been a trend among the biggest banks—specifically J.P. Morgan Chase, Wells Fargo, and Bank of America—to reducing their branch networks. Relying on ATMs and online banking is less expensive. But Read the full story
Federal law continues to inappropriately define all marijuana-related endeavors as criminal enterprises. Read the full story
Bloomberg has reported that banking for cryptocurrency investment firms and trading platforms continues to be challenging, but absent from the article is a clear articulation of what innovation and value crypto really brings. The article also does little to interrogate the notion of “crypto assets.”... Read More The post Banking Woes Persist for Crypto, But What Real Value Does Crypto Provide? appeared first on Crowdfund Insider. Read the full story
The U.S. Federal Reserve is considering imposing stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest U.S. bank rules, three people with knowledge of the matter told Reuters. Read the full story
A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt Thomson Reuters Wall Street analysts are increasingly bearish on Deutsche Bank. Of the 32 analysts that cover the bank, only one has a "buy" rating. Deutsche Bank investor Cerberus is now a paid adviser to the lender. Watch Deutsche Bank trade live. Wall Street analysts are increasingly bearish on Deutsche Bank, with 31 of the 32 analysts covering the company not suggesting to buy the stock. In fact, 18 say "sell," 13 Read the full story
Gold rebounds from 5-week low as equity market rally stalls
MubasherGold prices edged up on Wednesday after bouncing back from an over five-week low in the prior session, as a rally in global stocks stalled. Read the full story
Gold pauses string of declines as stock futures tip into red
MarketWatch
Gold futures gain early Wednesday, a move that could snap what had been a string of seven straight losses, the longest streak of daily declines in two years. Read the full story
MarketWatch
Gold futures gain early Wednesday, a move that could snap what had been a string of seven straight losses, the longest streak of daily declines in two years. Read the full story
Gold Prices Rise to Session Highs After ADP Employment Report
Investing.comCommodities Mar 06, 2019 13:30 GMT Investing.com - Gold prices were higher on Wednesday, climbing to the best levels of the session after data showed that U.S. non-farm private employment rose less than expected. U.S. private employers added 183,000 jobs in February, below economists’ expectations, a report by a payrolls processor ADP (NASDAQ:ADP) showed. Economists had expected the ADP nonfarm payrolls report to show a gain of 189,000 jobs. Private sector jobs increased by 300,000 in January, Read the full story
U.S. oil tips lower on latest sign of rising supply, splits with Brent
MarketWatch
The major oil benchmarks took to split paths for a second straight session Wednesday, with the U.S. -focused WTI easing on a fresh sign of rising U.S. inventory. Read the full story
MarketWatch
The major oil benchmarks took to split paths for a second straight session Wednesday, with the U.S. -focused WTI easing on a fresh sign of rising U.S. inventory. Read the full story
Zimbabwe: First Capital Bank Replaces Barclays System
AllAfricaFirst Capital Bank has migrated from the Barclays Bank system to a new system as the bank continues to sets its own footprints since taking over from the United Kingdom headquartered institution. In an official communique send to third party banking system service provider, Payserve Zimbabwe last week, First Capital Bank notified its services providers and customers that it had adopted a new system with effect from today. "As a result of the bank's migration to a new information technology Read the full story
Big Banks J.P. Morgan, Wells Fargo, and Bank of America Are Pulling Out of Lower-Income Neighborhoods
FORTUNEA Chase Bank branch location with the corporate logo and sign visible. Pedestrians walk by this downtown Seattle, Washington location. Big banks have been closing branches in lower-income areas and shifting more of their attention to wealthier ones, based on a new report from Bloomberg. Overall, there’s been a trend among the biggest banks—specifically J.P. Morgan Chase, Wells Fargo, and Bank of America—to reducing their branch networks. Relying on ATMs and online banking is less expensive. But Read the full story
Time is long overdue for Congress to address marijuana banking
The HillFederal law continues to inappropriately define all marijuana-related endeavors as criminal enterprises. Read the full story
Banking Woes Persist for Crypto, But What Real Value Does Crypto Provide?
Crowdfund InsiderBloomberg has reported that banking for cryptocurrency investment firms and trading platforms continues to be challenging, but absent from the article is a clear articulation of what innovation and value crypto really brings. The article also does little to interrogate the notion of “crypto assets.”... Read More The post Banking Woes Persist for Crypto, But What Real Value Does Crypto Provide? appeared first on Crowdfund Insider. Read the full story
U.S. Federal Reserve mulls tighter rules on foreign bank branches: sources
ReutersThe U.S. Federal Reserve is considering imposing stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest U.S. bank rules, three people with knowledge of the matter told Reuters. Read the full story
Wall Street is in full sell mode on Deutsche Bank
Business InsiderA statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt Thomson Reuters Wall Street analysts are increasingly bearish on Deutsche Bank. Of the 32 analysts that cover the bank, only one has a "buy" rating. Deutsche Bank investor Cerberus is now a paid adviser to the lender. Watch Deutsche Bank trade live. Wall Street analysts are increasingly bearish on Deutsche Bank, with 31 of the 32 analysts covering the company not suggesting to buy the stock. In fact, 18 say "sell," 13 Read the full story
TREASURIES/BONDS/STOCKS
5 Steps To Picking a Great ETF
The Motley FoolWith more than 7,000 exchange-traded funds, it's not surprising investors don't know how to select the best low-cost index funds. Read the full story
Treasury yields fall amid US-China trade developments
CNBC
U.S. government debt prices rose Wednesday as traders monitored U.S.-China trade developments. Read the full story
CNBC
U.S. government debt prices rose Wednesday as traders monitored U.S.-China trade developments. Read the full story
The Stock Market Hit Bottom 10 Years Ago Today. Here’s What You’d Have Now if You Invested Then
Barron'sWell into 2009, many investors were still calling the market’s rally a head fake before the selloff resumed. The bear market never resumed. Read the full story
Wall Street flat, investors await fresh update on trade
ReutersU.S. stocks took a pause on Wednesday following a strong rally that started this year as investors stayed on the sidelines, awaiting fresh developments on trade. Read the full story
Top 5 Things to Know in The Market on Thursday
Investing.comEconomy Mar 07, 2019 10:39 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, March 7: 1. All Eyes on ECB, Draghi Faced with a serious slowdown in the euro zone, the European Central Bank is expected to slash its growth forecasts and give its strongest signal yet that fresh stimulus is coming in the form of more cheap loans. The loans, known more formally as Targeted Long-Term Refinancing Operations (TLTROs), are expected to benefit Spanish and Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin SV [BSV] Price Analysis: Bears locked in a tussle with short-term bulls
AMBCryptoThe cryptocurrency market ceased its sideways movement on February 6 with major coins in the green and the market cap over $130 billion. Bitcoin SV [BSV], the BCH hard fork was trading in the green as well after days of bearish movement. Bitcoin SV registered a 1.55 percent gain against the US dollar and was... Read the full story
Litecoin [LTC] Price Analysis: Coin surges by 13% as bulls consolidate their position
AMBCrypto
Litecoin [LTC] surged by over 13% and reclaimed its previous resistance level at $50. The silver crypto-asset's price action remained in the $45-$49 range before rallying to an opening price of $53.52 on March 6. LTC was highly traded on OKEx via the trading pair LTC/USDT. The trading volume on the exchange constituted 5.98% for the... Read the full story
AMBCrypto
Litecoin [LTC] surged by over 13% and reclaimed its previous resistance level at $50. The silver crypto-asset's price action remained in the $45-$49 range before rallying to an opening price of $53.52 on March 6. LTC was highly traded on OKEx via the trading pair LTC/USDT. The trading volume on the exchange constituted 5.98% for the... Read the full story
The Story About The Cryptocurrency Exchange That Lost $190 Million Just Got Weirder
UPROXXA cryptocurrency exchange said they can't pay back $190 million because the founder mysteriously died with password. Then it gets weirder. Read the full story
Mystery over cryptocurrency exchange's missing $134M in funds
Fox NewsThe CyberGuy Kurt Knutsson on the disappearance of $134 million in Canadian cryptocurrency exchange QuadrigaCX's customer funds and efforts in France to tax social media giants. Read the full story
XRP/USD Price Analysis: Coin loses bull's support
AMBCryptoThe cryptocurrency market saw a green opening on March 6 as the prices of multiple tokens recovered from the bear's wrath. XRP, the third largest coin on the CoinMarketCap, also noted a significant jump in its price. It was valued at $0.3138, at the press time, with a market cap of $13 billion. The token... Read the full story
CURRENCIES
Dollar gains, Aussie dips on disappointing data
Investing.com© Reuters. The U.S. dollar continued to strengthen in Asia on Wednesday morning Read the full story
Forex - Dollar Holds Near 2-Week High; Aussie Sinks After GDP MissInvesting.com
Forex Mar 06, 2019 09:16 GMT Investing.com - The U.S. dollar held steady near a two-week high against its major peers in early European hours on Wednesday, while the Australian dollar sank to its lowest level of the year after data showed the economy slowed to a near standstill in the fourth quarter. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 96.80 by 4:15AM ET (09:15 GMT), after going as high as 96.95 the previous day, its Read the full story
The U.S. dollar is awaiting a fresh driver on Wednesday, while remaining slightly stronger across the board, as the Australian dollar is once again the worst G-10 currency on the board. Read the full story
Forex Mar 06, 2019 09:16 GMT Investing.com - The U.S. dollar held steady near a two-week high against its major peers in early European hours on Wednesday, while the Australian dollar sank to its lowest level of the year after data showed the economy slowed to a near standstill in the fourth quarter. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 96.80 by 4:15AM ET (09:15 GMT), after going as high as 96.95 the previous day, its Read the full story
Dollar inches higher ahead of ADP data, Beige Book
MarketWatchThe U.S. dollar is awaiting a fresh driver on Wednesday, while remaining slightly stronger across the board, as the Australian dollar is once again the worst G-10 currency on the board. Read the full story
Dollar struggles for direction amid economic reports, ahead of Fed’s Beige Book
MarketWatchThe U.S. dollar bounces around on Wednesday on the back of economic reports including private payrolls and trade data. Read the full story
HEALTH / SCIENCE
FDA Approves Controversial Drug for Depression
The Wall Street JournalThe Food and Drug Administration approved a drug for depression that is a close chemical relation to ketamine. It could be the first in a wave of long-awaited new treatments, but it has also raised concerns about abuse. Read the full story
Why you keep getting migraines
Harper's Bazaar UKA nutritional therapist explains the potential contributing factors Read the full story
Opioid crisis shows partnering with industry can be bad for public health
The Conversation USThe interests of pharmaceutical companies and public health are not the same. Industry dollars can distort research agendas, while framing health challenges and solutions in ways that benefit corporations. Read the full story
8 Little Ways You Can Actually Help Someone Dealing With Cancer
HuffPostA cancer diagnosis can be devastating, regardless of the outlook. The news canalso be hard on friends and family, as they struggle to figure out what theycan do to help a loved one after the diagnosis.Beth Pauvlinch, who wrote about caring for her mother who lived with cancer inher book Two Women 1Disease, said various gestures, no matter how small, cango a long way for someone dealing with the illness. Small actions andencouraging words can mean more than you think.Curious about what they are . Read the full story
USA / CANADA
The U.S. trade deficit in 2018 widened to decade-long high of $621 billion; China imbalance widened to record-large gap
ABC NewsThe U.S. trade deficit in 2018 widened to decade-long high of $621 billion; China imbalance widened to record-large gap Read the full story
'We need it now': U.S. farm country pins hopes on China trade deal
Reuters
Corn and soybean farmer Lorenda Overman from North Carolina has been selling her crops at a loss and delaying paychecks to her workers since the U.S. trade war with China tanked agriculture prices, and her farm’s debt recently topped $2 million. Read the full story
Reuters
Corn and soybean farmer Lorenda Overman from North Carolina has been selling her crops at a loss and delaying paychecks to her workers since the U.S. trade war with China tanked agriculture prices, and her farm’s debt recently topped $2 million. Read the full story
Trump Pushes for China Deal in Hope of Fueling Market Rally, Sources SayPresident Donald Trump is pressuring U.S. trade negotiators to cut a deal with China soon in hope of fueling a market rally, as he grows increasingly concerned that the lack of an agreement could drag down stocks, according to people familiar with the matter. Read the full story
Survey: US businesses added a solid 183,000 jobs last month Read the full story
Survey: US businesses added a solid 183,000 jobs last month
ABC NewsSurvey: US businesses added a solid 183,000 jobs last month Read the full story
Trump nominees for Saudi and Iraq ambassadors face grilling as Senators demand more answers on Khashoggi murder
The IndependentDonald Trump’s nominees to become the next US ambassadors to Saudi Arabia and Iraq are scheduled to meet with lawmakers during confirmation hearings on Capitol Hill this week. Read the full story
EMERGING MARKETS
An ETF With Emerging Markets Compensation (NYSE:DEM)
BenzingaAn avenue for conservative investors looking to participate in the emerging markets trade is via dividend exchange traded funds. Entering Monday, the WisdomTree Emerging Markets High Dividend Fund (NYSE: DEM) was up 8.39 percent this year. DEM, one of the oldest and largest emerging markets dividend ETFs, focuses on high-yielding companies hailing from developing economies. What Happened This year, the $2.16 billion DEM is benefiting, in part, from rising oil prices. The fund allocates just over Read the full story
Money has stopped pouring into emerging markets and it could signal a 'darkest before dawn' moment
My San Antonio
REUTERS Preliminary economic data indicates stabilization overall in emerging markets, though concerns surrounding China remain. The record 30-week streak of inflows, which injected $57 billion into emerging markets ETFs, has ended. Several prominent investors have a positive outlook on emerging markets. Read the full story
Credit to emerging markets is at record highs and is likely to continue rising for the foreseeable future. Foreign banks have been lending less, but domestic banks and non-banks globally have increased their lending. It is hard to see how long investors can be this hungry for yield. Read the full story
Taking stock at the 10-year anniversary of the S&P 500’s crisis-induced nadir, emerging-market stocks are still lagging behind their competitors and haven’t returned to their 2007 highs, according to DataTrek Research. Read the full story
An avenue for conservative investors looking to participate in the emerging markets trade is via dividend exchange traded funds. Entering Monday, the WisdomTree Emerging Markets High Dividend Fund (NYSE: DEM) was up 8.39 percent this year. DEM, one of the oldest and largest emerging markets dividend ETFs, focuses on high-yielding companies hailing from developing economies. What Happened This year, the $2.16 billion DEM is benefiting, in part, from rising oil prices. The fund allocates just over Read the full story
Read the full story
My San Antonio
REUTERS Preliminary economic data indicates stabilization overall in emerging markets, though concerns surrounding China remain. The record 30-week streak of inflows, which injected $57 billion into emerging markets ETFs, has ended. Several prominent investors have a positive outlook on emerging markets. Read the full story
Emerging Market Borrowing Is Breaking Records
ForbesCredit to emerging markets is at record highs and is likely to continue rising for the foreseeable future. Foreign banks have been lending less, but domestic banks and non-banks globally have increased their lending. It is hard to see how long investors can be this hungry for yield. Read the full story
Home bias, anyone? International stocks have lagged behind U.S. since financial crisis, says analyst
MarketWatchTaking stock at the 10-year anniversary of the S&P 500’s crisis-induced nadir, emerging-market stocks are still lagging behind their competitors and haven’t returned to their 2007 highs, according to DataTrek Research. Read the full story
An ETF With Emerging Markets Compensation (NYSE:DEM)
BenzingaAn avenue for conservative investors looking to participate in the emerging markets trade is via dividend exchange traded funds. Entering Monday, the WisdomTree Emerging Markets High Dividend Fund (NYSE: DEM) was up 8.39 percent this year. DEM, one of the oldest and largest emerging markets dividend ETFs, focuses on high-yielding companies hailing from developing economies. What Happened This year, the $2.16 billion DEM is benefiting, in part, from rising oil prices. The fund allocates just over Read the full story
What is good for US companies is also good for emerging markets: Strategist
CNBCRead the full story
MIDDLE EAST
Turkey cannot become an EU member, says EPP's Weber
Business InsiderPASSAU, Germany (Reuters) - Turkey cannot become a member of the European Union, said Manfred Weber, the European Peoples Party's (EPP) lead candidate for the upcoming European elections, adding that he would end accession talks if he becomes European Commission president. Turkey says EU membership remains one of its top strategic goals even though accession talks, formally launched in 2004, have been stalled for years. Weber, the center-right EPP candidate to be EU Commission President after Read the full story
Iraqi president warns: ‘The danger and the risk of Isis hasn’t been eliminated’
The Independent
The Independent
Iraq’s president warned that his country continues to face a threat from Isis, and cautioned that security in the oil-rich, war-ravaged nation remained fragile. Read the full story
Hundreds of kids allegedly facing terror charges in Iraq
CBS News
Human Rights Watch report says children are being wrongly detained and accused of ISIS membership Read the full story
In Jules Verne's brilliant Journey from the Earth to the Moon, a group of old artillery officers meet after the Civil War to try to figure out what to do with their now outmoded skills. "There was hardly a full set of arms and legs left among them," writes Verne, but the romance of ballistics... Read the full story
Read the full story
CBS News
Human Rights Watch report says children are being wrongly detained and accused of ISIS membership Read the full story
Will the Middle East Go MAD?
The American SpectatorIn Jules Verne's brilliant Journey from the Earth to the Moon, a group of old artillery officers meet after the Civil War to try to figure out what to do with their now outmoded skills. "There was hardly a full set of arms and legs left among them," writes Verne, but the romance of ballistics... Read the full story
UAE climate minister outlines top threats at Middle East's first Ocean Summit
CNBCRead the full story
AFRICA
Zimbabwe allows mines, others to import own fuel as shortages bite
ReutersZimbabwe on Tuesday allowedmining companies and other businesses to import their own fuelfollowing shortages that have gripped the economy in the lastsix months due to a severe dollar crunch, a cabinet ministersaid. Read the full story
Zimbabweans Go for Alternatives as Bread Becomes Unaffordable
AllAfrica
In Zimbabwe, the price of bread is forcing citizens to look for alternatives to go with the food that is also in short supply. President Emmerson Mnangagwa’s government says it is working to ensure people can buy bread that is affordable. Bread in Zimbabwe now costs $2 a loaf, or higher, making it beyond the reach of many in the poverty-stricken country. That has not stopped Zimbabweans from enjoying their favorite morning drink — tea — without bread, as 63-year-old Gibson Nhema said. “My friend Read the full story
The El nino induced drought which is currently hitting Zimbabwe is a major threat to the country's food situation which in most cases affect nutrition as people in affected areas are likely to struggle to meet their daily dietary needs. The drought, coming at a time prices of basic commodities have soared, eroding the buying power of the local bond notes-cum RTGS dollars spells doom especially for people in the southern part of the country which is severely affected during dry spells. The annual Read the full story
Harare City Council of Zimbabwe yesterday revealed its intent to partner with a China state-owned engineering and construction company, Sinohydro Corporation Limited. Read the full story
(Photo: Daily Trust) MDC Harare West legislator, Joanah Mamombe's bid to have her subversion charges quashed before remand were unsuccessful Tuesday after Harare magistrate Rumbidzai Mugwagwa ruled that there was reasonable suspicion she committed an offence. The 25-year-old lawmaker is accused of inciting members of her constituency to revolt against government for increasing prices of fuel in January this year. She was seized by half a dozen detectives from her Nyanga hotel Saturday while Read the full story
Zimbabwe says rapprochement with West still on despite U.S. sanctions
Reuters
Zimbabwe on Wednesday said the extension of U.S. sanctions on its government was regrettable but Harare would keep talking to Washington and the European Union to remove the measures it says have stifled its economy. Read the full story
AllAfrica
In Zimbabwe, the price of bread is forcing citizens to look for alternatives to go with the food that is also in short supply. President Emmerson Mnangagwa’s government says it is working to ensure people can buy bread that is affordable. Bread in Zimbabwe now costs $2 a loaf, or higher, making it beyond the reach of many in the poverty-stricken country. That has not stopped Zimbabweans from enjoying their favorite morning drink — tea — without bread, as 63-year-old Gibson Nhema said. “My friend Read the full story
Zimbabwe: El Nino Induced Drought Could Worsen Zim's Food Situation
AllAfricaThe El nino induced drought which is currently hitting Zimbabwe is a major threat to the country's food situation which in most cases affect nutrition as people in affected areas are likely to struggle to meet their daily dietary needs. The drought, coming at a time prices of basic commodities have soared, eroding the buying power of the local bond notes-cum RTGS dollars spells doom especially for people in the southern part of the country which is severely affected during dry spells. The annual Read the full story
China continues investments in Zimbabwe despite economic downturn
FurtherAfricaHarare City Council of Zimbabwe yesterday revealed its intent to partner with a China state-owned engineering and construction company, Sinohydro Corporation Limited. Read the full story
Zimbabwe: Latest - Mamombe Freedom Bid Flops, Court Says MP Has Case to Answer
AllAfrica(Photo: Daily Trust) MDC Harare West legislator, Joanah Mamombe's bid to have her subversion charges quashed before remand were unsuccessful Tuesday after Harare magistrate Rumbidzai Mugwagwa ruled that there was reasonable suspicion she committed an offence. The 25-year-old lawmaker is accused of inciting members of her constituency to revolt against government for increasing prices of fuel in January this year. She was seized by half a dozen detectives from her Nyanga hotel Saturday while Read the full story
Reuters
Zimbabwe on Wednesday said the extension of U.S. sanctions on its government was regrettable but Harare would keep talking to Washington and the European Union to remove the measures it says have stifled its economy. Read the full story
ASIA
Will retail investors be sidelined by Hong Kong’s proposed licensing regime on cryptocurrency trading?
South China Morning PostCryptocurrency exchanges in Hong Kong are taking steps to reorganise their operations by offering separate trading platforms for professional investors, as they heed calls from the securities regulator which is exploring a future licensing framework that… Read the full story
North Korea rebuilding long-range rocket site, photos show
NBC NewsPhotos taken just 2 days after the Trump-Kim Hanoi summit show rebuilding at the Sohae Satellite Launching Station, North Korea's operational space launch facility. Read the full story
China stocks reach a nine-month high as bull run shows no sign of tiring out
South China Morning PostChina stocks reached a nine-month high on Wednesday on further news of government policies to boost a slowing economy, despite awaiting progress on the trade war. The Shanghai Composite closed up 1.57 per cent, or 47.85 points, to 3,102.10, its highest… Read the full story
Xi Jinping says revival of Chinese economy must not be bought at expense of the environment
South China Morning PostWhile a slowing economy and pressure on jobs dominated the “two sessions” this year, President Xi Jinping refocused his attention to the environment at China’s key annual political gathering. Speaking to fellow deputies from Inner Mongolia at the National… Read the full story
China at the crossroads
The WeekAs the Chinese economy slows, Beijing is faced with a choice about its state-capitalist model Read the full story
Chinese FDI in Europe drops, investment screening will cut it more -survey
ReutersChinese foreign directinvestment (FDI) in Europe fell 40 percent in 2018, hitting itslowest level in four years, and stricter European Union rulesare likely to curb Chinese M&A activity even further, a surveyshowed on Wednesday. Read the full story
EUROPE
REFILE-EU sees no Brexit breakthrough before the weekend -sources
Reuters(refiles to clarify headline) Read the full story
EU executive says Brexit talks 'difficult', no solution found for now
Business InsiderBRUSSELS (Reuters) - The latest talks between EU and UK Brexit negotiators have been "difficult" and no agreement has been found yet, a spokesman for the bloc's executive said on Wednesday. "(EU Brexit negotiator) Michel Barnier has informed the Commission that while the talks take place in a constructive atmosphere, discussions have been difficult," the spokesman, Margaritis Schinas, told a news conference. "No solution has been identified at this point that is consistent with the Withdrawal Read the full story
Fear mounting for British in EU as 'no-deal' Brexit looms
ABC NewsOver 1 million British nationals live in the EU and are unsure of the future. Read the full story
Brexit news latest: Theresa May clashes with Corbyn at PMQs as EU officials reveal dire state of negotiations
The IndependentThe issue of knife crime dominated clashes between Theresa May and Jeremy Corbyn at prime minister’s questions following a series of fatal stabbings across the UK. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Friday 3/8/19
Closed on Friday.
Kauaihn Chatter:dd
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together... [post 1 of 2....stay tuned]
3-7-2019 Intel Guru MarkZ Q: do you think they will see LD’s in Iraq this weekend? my contacts have seen the LDS…..they have held them …..folks that are working under contracts, so we are hoping they are out for everybody this weekend. Q: [Guru] Frank26 and his group had stated a while ago that the that the 3 zero's had already been deleted electronically? The movement, the education …everything they have told to the people….so much…It’s not a secret over there…everyone knows. ….it’s just a secret here…..there is so much in the news over there….
3-7-2019 Intel Guru MarkZ Q: some gurus say we only have 5 days to exchange, what’s the real story? I am hearing we have longer than that…… closer to a month, but we won’t know until we get there. Q: are your sources saying the next couple days are HOT for rv action? Heck YES!! They most certainly are looking at the next couple of days hard! Q: Have you heard anything about the RV can being kicked down the road another 9 months? No I have not heard anything like that. I have heard they want everything done by that time….finished…completed….our currency done and turned in by October….thats how I understand it...
3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!!
3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets.
3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. [Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know …this thing is so fluid.
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar.
3-6-2019 Intel Guru MarkZ ...I am very confident that we are close…I am still expecting 800 #s this week. Based on what I am hearing we are very close...IMO it is imminent and it is moving… I am hearing some reset information was leaked to a very prominent Italian news source…this is a mainstream publication and on the mainstream news so imo there is no way to put the cat back into the bag now...that its leaking at this level is huge news… Look for a lot to move quickly ...I have heard that the reset will be on the down-low (kept quiet) for about 10 days to 2 weeks…then the news will come out… I do have a contact over there that has seen the LD’s… has held them ...and there has been articles in Iraqi news about the LD’s and how they will be using them...so much news over there on that. [do you think we are waiting for the Iraqi government to be fully seated?] No...As soon as this happens the Iraqi government will be very stable. ...I am like you all and am so ready to get off this roller coaster ride…
3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side; 7 pix)
Prime Minister Adel Abdul Mahdi discusses the Diwaniyah gas station
Prime Minister Adel Abdul Mahdi inspected the Diwaniyah gas station and met with the supervisors and employees at the station and praised their efforts in providing electricity.
Media Office of the Prime Minister
7 - March - 2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 3-8-2019 around 4 am Eastern
On International Women’s Day, we remember the great sacrifices made by Iraqi women to liberate our country and celebrate their role in building a better and stronger Iraq every day.
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 3-7-2019 around 2 pm Eastern
PM @AdilAbdAlMahdi chairs a meeting of the Higher Committee for Investment and Reconstruction and discusses the @IraqiGovt plans for facilitating and increasing investment in Iraq and finishing a number of reconstruction projects without any further delay.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 3-7-2019 around 2 pm Eastern
PM @AdilAbdAlMahdi discusses the legal framework governing the presence of Coalition forces, including US forces, in Iraq and their mission to assist the @IraqiGovt in strengthening Iraq's military capability and defeating Daesh in Iraq and the region.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 3-7-2019 around 2 pm Eastern
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 3-7-2019 around 12 noon Eastern
PM @AdilAbdAlMahdi reviews plans for the 2020 census and stresses how this is an important source of data and insights to develop smarter policies and reforms that will benefit all Iraqis.- ***************
ARTICLE 3-A
Al-Ahdah: The overthrow of Abdul-Mahdi is out of the question and America will come out with a new scenario that justifies its existence
BAGHDAD (Reuters) - March 7 - "All political people have realized the difficulty of agreeing to a new personality instead of Abdul Mahdi," said veteran politician and former deputy Hassan al-Alawi on Thursday. "The differences between them have deepened over my internal and defense portfolios."
Al-Alawi said that "those differences made the scenario of overthrowing the government of Abdul-Mahdi excluded after it was very strong and that the posts of interior and defense will pass a new deal between the political blocs during the next two days, and the House of Representatives is unable to pass the law to remove foreign forces from the country to reject the Sunni blocks for that And some of the Shiite parties will push Washington to come up with a new scenario in the coming days justifies its presence in Iraq after the rise of the demand for their exit, "as described. Finished
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ARTICLE 3-B
Suron: Completion of the ministerial cab will be soon after the coalition agreement of reform and construction
BAGHDAD, March 7 (UPI) - The coalition of Suron, on Thursday, is expected to complete the ministerial cabins soon after the coalition agreement on reform and construction. "The agreement on the candidates will take place according to the criteria of efficiency, independence and technocrats, A vacancy in the government. "
The MP from the alliance of the other proof of Al-Mamouri, said that "the meetings and consultations that took place days ago between the Alliance of Reform and Reconstruction and the Alliance of Construction stressed the need to resolve the controversial issues in a short period," noting that "the completion of the cabinet and the chairmen of independent committees and bodies will be within the basis of political balance, On independent personalities subject to specific criteria. " Finished
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ARTICLE 4
Ahmed: The appointment of the agency's owners will be open starting next week
BAGHDAD, March 8 (Xinhua) - The Presidency of the National Pension Authority has announced the opening of the recruitment of the owners of the Directorate of the retirement of Basra and other provinces starting next week.
She added that "next week will see the announcement of the required disciplines and the share of each province," noting that "the submission will be through the website and be interviews and appointments with transparency," as described
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ARTICLE 5
Investigation: the story of a solution and her brother on the sidewalks of Baghdad .. Between networks begging and human trafficking
March 7 - A press investigation revealed how begging networks in the capital Baghdad and a number of governorates were managed by specialized gangs, how human trafficking and the purchase of children from destitute families were exploited for begging networks. The government measures taken to combat this trade and to reduce the phenomenon of begging, which has escalated significantly during the last ten years in the country.
Daraj said that her father had an unforgettable solution that day, standing in front of the door of the house in Diyala province, northeast of Baghdad. He was seen reaching for a black bag from a strange visitor. An hour later she and her brother drove to the back seat of the parked truck, a few meters from the country house, and said the last thing I heard from him was "Go, this is your new father."
According to Hala, who was born and raised in an area that for the past two decades has been suffering from deprivation and marginalization, it has become a hotbed of sectarian conflict and later terrorism. Dueling fighters.
She was not the youngest of the 12 years old, understood what was happening, and could only continue to cry and scream with her brother, and the car windows that went towards the capital Baghdad, while her mother screams as she rattles the ground at her husband's feet, begging him to stop the sale of children to the gang that Runs homes to house beggars in many of the country's provinces.
A woman wearing a worn black robe and covering her head with a bush of the same blame goes through a Baghdad intersection with a handkerchief and a hand pump to clean the glass of parked cars at the traffic sign for a thousand dinars (80 US cents) or a quarter of that amount. Her two-year-old brother Muhammad, has been using paper tissue boxes to make at least 25,000 Iraqi dinars ($ 20) a day.
4 years of separation and harsh life on the sidewalks of Baghdad and its streets, most of the details of her previous life, but remember that her father lost one of his legs ground mine in the Iran-Iraq war in the eighties of the last century, and was unable to work. They depended on the vegetables they made from their small orchard.
Methods of begging and gangs
In Iraq, many methods are used by beggars at traffic signs and in public squares, including the sale of poor paper tissues. Drivers often give money to beggars, free of charge, as well as car glass surveys or physical assistance on the pretext of displacement from areas where military operations have occurred , While some carry medical reports indicating that they have chronic diseases.
While he and Mohammed get the money, six other children work alongside them, including Hassan al-Musli (7 years), whom Hala believes was taken from a displacement camp. Four adults sit in the same place, while the person in charge watches all of their work. At the end of the day, they are taken to their shelter in the Al-Batawin district of central Baghdad, along with dozens of them.
Roma ... from dancing to begging
At the intersection of the Uqba Square, east of Karrada, in the center of the capital, Najla is traveling among the vehicles parked at the traffic sign.
The interrogator deliberately stopped at the traffic sign for more than seven times with different wheels for fear of being spotted by the operators of Najla. He managed to talk to her five times in a row for a period of between (5-7) minutes at a time.
Najla's hair is yellow, although her age is only 12 years old. She speaks Arabic in a dialect with the accent of the gypsy or the karaj, as is known in Mosul. She wears the same clothes over seven days, as noted by the investigative clerk.
In the village of Al-Sahaji (20 km west of Mosul), a large group of Gypsies, who had fled into the city after the rise of al-Qaeda and extremist armed groups after 2004, had been forced to beg after being banned from singing and dancing.
A large number of Gypsies were concentrated in the Nabi Younis area, east of Mosul, while others left for the capital, Baghdad, and the central and southern regions, who were begging within organized groups within the cities. They operated under the supervision of gangs who ran begging operations and protected them Housing and little money, in return for handing over all imports.
Najla, who, according to her, and her four-year-old sister, moved to Baghdad, could not rest for one day from this exhausting work. She is forced to go out every day to beg, her uncle also begs with his wife and child on her shoulder. Karrada city center.
Najla, who has a large part of her right hand covered by a skin rash, says her parents are still in Mosul (405 north of Baghdad), while she lives in al-Sadoun, a center of the capital about 3 km from the traffic light. She says her parents visit her and her sister from time to time, they also work in begging but they do it in their city.
Two young boys of the same age, who were begging at the same place, refused to give any information about Najla, and was surprised at the number of times we asked about her, threatening that they would inform the sheikh of that.
In the past 10 years, Iraq has recorded a high rate of poverty, ranging from 22 to 15 per cent, while per capita income rates, which have not exceeded $ 7,000 per year, are at their best, with a substantial increase in unemployment of 30 per cent Some years, according to the statistics of the Ministry of Planning.
Over the past few years, the Iraqi judiciary has considered many human trafficking cases, most of which were for parents who sold their sons to gangs working in begging and prostitution. The figures show that between $ 6 million as a minimum and $ 15 million as a maximum have been paid for the purchase of these children, and each time parents justify "living reasons".
The Supreme Judicial Council published a census of 2017, confirming the consideration by the competent courts of about 200 cases related to crimes of trafficking in human beings, mostly in the capital Baghdad and related to the sale of children, 110 of which belong to males and 90 females.
"The Council is discussing the application of the Human Trafficking Law to cases of beggars and crimes against honor, and imposing the most severe legal procedures and penalties for the perpetrators of these crimes and the accountability of the parents of the beggars," said Supreme Court Justice Abdul Sattar Birqdar, a spokesman for the Supreme Judicial Council.
Community police director Brigadier Khaled al-Mahaneh attributed the lack of control of the phenomenon of begging in the country to the weakness of the legal articles on begging. He believes that it is "non-deterrent. The judge will only release the accused on financial bail and return to the street to practice begging again."
According to judicial experts, the judge has always dealt with cases of begging in a mitigating manner without incurring misdemeanors. The judge merely takes a pledge from the beggars' parents if he is an event and then releases him and guarantees or fines ranging from 500 thousand dinars At a minimum and a maximum of one million for the release of adults, at the discretion of the judge with a pledge not to practice begging again, while the judge may turn the beggar to a mental hospital or a shelter in the event of repetition of the act, but these cases are rare and remains discretion of the judge.
Civil activist Hisham al-Zahabi attributed the rising phenomenon of begging to "the absence of legal articles criminalizing begging or at least imposing deterrent penalties to curb this phenomenon. Therefore, all campaigns carried out by the competent bodies to lift street children fail."
A security source, who asked to be named for the sensitivity of his office, revealed the use of beggars and their operators for legal gaps in order to escape justice. The beggars - local and foreign - do not carry any official identity papers. If they are arrested by the other security services, especially since the arrests are not carried out in accordance with arrest warrants.
The Ministry of Labor and Abeer Chalabi pointed to the weak role of the government in addressing the phenomenon of begging, indicating that there are only two houses in the capital Baghdad, a rehabilitation center for girls and a rehabilitation center for males, within the Department of Juvenile Reform to shelter the displaced and displaced women, "but the process of depositing the homeless and beggars in these two homes need To a judicial decision. "
The investigation team tried to find a place in more than three major traffic lights in Baghdad, (the intersection of the airfield, the intersection of Al-Andalus Square and the intersection of Al-Shorouq) in central Baghdad. Who work for them, to intervene in case any stranger enters the area to beg or in case of any emergency.
But finally the team managed to find a place to beg in the market for the sale of spare parts in the center of the capital, and after three and a half hours of roaming between the shops managed to collect the amount of 37,500 dinars (31 dollars).
Obedience and money only
A large number of beggars in the streets of the capital refuse to give them any kind of aid such as food, drink or even clothes. "I can not wear them," said Sajee, who is over 20, after the investigation team tried to give her a black cloak to wear. "I have not worn clean clothes for more than eight years."
"I've always thought about suicide," said Sajee, who stands at the exit gate at a filling station east of Baghdad. "But it was her fear of leaving her four-year-old daughter alone in this wild world that prevented her. "Please do not get any closer to me. I do not want to hurt myself and my daughter."
"No one can identify the number of beggars in Baghdad or the provinces," he said. "There is no official or even informal census. You can not count mobile numbers moving between alleys, main streets and markets, all we know is growing."
But civilian organizations in Mosul indicate that 6,200 orphans in Nineveh alone, including some 3,300 people, whose parents and family members were killed during the war, many of them beg. While some are victims of human trafficking gangs, others are threatened to turn into bombs by extremist groups that have returned to work in Nineveh.
Civil activist Iyad Ahmed warns of the exploitation of displaced children who have lost their parents and relatives during the fighting with an organized group by human trafficking gangs if the government does not intervene to help them establish an expanded program to rescue them.
Ahmed reports that there are thousands of orphans and displaced persons as a result of the war, part of them working in begging, and may be kidnapped a number of them by the gangs and transfer them to other provinces for use in begging, indicating that the cases of renting children under the fourth, and amounts ranging between 10 and 25 thousand dinars, In general, women prefer to beg for a child.
In the dark, in the center of the Iraqi capital, as the windshield of the car was smashing, the investigative clerk glimpsed a solution as she sat on the edge of the sidewalk, apparently waiting for the car to return to where she lived, while she was embracing her brother Mohammed, who refused to leave him. Watching him for fear of being beaten by one of his operators or other beggar boys.
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ARTICLE 6
Near the Iraqi border .. Baghdadi surrounded by these and sleep under the ground
07/03/2019 138
Near the Iraqi border .. Baghdadi surrounded by these and sleep under the ground
Security sources revealed details of the last hours spent by a gang leader and called on the terrorist Abu Bakr al-Baghdadi, in the Syrian city of Baguz near the Iraqi border before he disappeared.
A security source said that "Baghdadi spent about three weeks in the Syrian Bagouz before he disappeared from view amid information that he had gone from the Baguoz to another place."
He added that "the activity of Baghdadi was night and never go out in the day never; stay in one house only two nights at most and always sleep in rooms or tunnels underground."
"He was suffering from a previous injury and his movement was rather slow and surrounded by four masked guards wherever he went dressed in black Afghan uniforms," he said.
Syria's democratic forces, in cooperation with the international coalition, as well as Iraqi intelligence and aviation, have been conducting massive strikes to free Damascus's last bastion in Damascus.
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