WOTS Sunday 6/2/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1183.7000 | 1185.0000 | | 00:00 |
| USD/VND | | | 23415.0000 | 23382.3200 | 23382.7000 | | 00:00 |
| USD/CNY | | | 6.9128 | 6.8996 | 6.9119 | | 00:00 |
| USD/KWD | | | 0.3044 | 0.3033 | 0.3040 | | 00:00 |
| GBP/USD | | | 1.2644 | 1.2559 | 1.2613 | | 00:00 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14409.0000 | 14257.0000 | 14401.0000 | | 00:00 |
Opens late Sunday afternoon.
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:dd
SNG / Monitor the achievements of the government during the first 8 months of its life
In the policy of June 2, 2019 Comments on / SNG / Monitors the most important achievements of the government during its first 8 months closed 12 visits
Baghdad / SNG-
The news agency highlighted the achievements achieved by the government of Adel Abdul Mahdi during the first 8 months of its life, using the press conferences of the Prime Minister, and informed government sources, in light of the challenges faced by the most important lack of completion of the ministerial cabin because of political differences that hit the political blocs:
The news agency highlighted the achievements achieved by the government of Adel Abdul Mahdi during the first 8 months of its life, using the press conferences of the Prime Minister, and informed government sources, in light of the challenges faced by the most important lack of completion of the ministerial cabin because of political differences that hit the political blocs:
1. Work for the first time in accordance with a ministerial platform and a clear government program with specific timetables and continuous follow-up. The government program was completed within 100 days as promised by the Prime Minister in the Ministerial Platform. Accurate and transparent performance reports will be either successful or unsuccessful, representing a significant shift in public sector planning and management.
2 - The arrival of electricity production more than (17,500 MW), and an average of more than (16 thousand megawatts), and was the same day last year up to (13 thousand megawatts), has passed production on Saturday, the barrier (18 thousand megawatts) ). Most of this increase was due to the qualitative shift in the management of the electricity file through the maintenance of existing equipment, rather than the purchase of new energy.
3. Rehabilitating tens of billions of dollars worth of projects, including 6 major hospitals (more than 400 beds each), which will be opened before the end of this year, adding more than 2,000 beds, For years.
4 - Receiving more than (2 million tons) of wheat so far (in addition to the receipt of barley) and last year, for the same period up to (750 thousand tons), and may reach this year to more than (4 million tons) 2 million tons). Production this year may reach the highest level in Iraq's history.
5 - to hand over the amounts of all wheat received from the farmers immediately, ie about (600 billion dinars so far) after the examination of samples, and will continue to pay until the completion, did not delay payment of dues of farmers, as happened in previous years, accumulated receivables and associated problems and corruption. In addition to other steps that will contribute to the development of the agricultural sector, serve the poor peasants, contain a lot of unemployment, reduce migration to cities, and deal directly with the real producers outside the corruption circles in the country.
6 - Adding areas of wheat storage (exceeded one million tons) using concrete blocks raised from the cities, and the cost is very simple.
7 - Iraq now has water reservoirs that have been careful not to waste even a little, may reach after the melting of snow (60 billion cubic meters), (and this may be enough for two years of health), which God has blessed us this year because of the rains, But also because of the successful and effective management with work day and night, so as to prevent flooding and dangers for citizens and cities and installations, including the response to the floodwaves from the Majnoon oil field.
8 - Identification of the sources of pollution of river water and start to treat it radically, with the measurement of the rates of pollution on a continuous basis, and the rates of pollution began to decline and this positively affects the lives of more than half of the Iraqi people.
80% of essential medicines (mainly cancer drugs) were available, which were missing and insufficiently available, less than 12% , and about 50% of the essential medicines needed were available. %% Are completely missing due to corruption and brokers, and all these essential medicines will be provided in the coming weeks.
10 - establish relations with neighboring countries and the international community in an unprecedented manner, which restored Iraq's international prestige, and became an important country in the region respected by all and take its opinion in solving the problems of other countries after the others meet to solve the problems of Iraq without consulting him. Today Iraq is moving in a balanced and confident way in minefields amidst regional conflicts, especially between Iran and America. With great harmony, cooperation and integration between the three presidencies.
11 - Remove barriers and stalemates from markets, interests and streets not only in Baghdad, but work everywhere, which has pleased people and launched interests and reduced the blackmail of controls and corruption, and others and removed bottlenecks can not be denied, and contributed significantly to change the impression of Iraq and attract investors and investments Which will provide great employment opportunities and represent a real economic solution.
12 - increase Iraq's reserves in the Central Bank to reach 67 billion dollars after falling to about 40 billion dollars. With the reduction of dependence on debt, but Iraq began to pay part of them.
13 - Preparation of the 2020 budget in a way that encircles corruption, and change it from the budget of failed items, to budget projects and performance, and has completed an important part of this project.
14 - Fighting the corruption system that produced the corrupt and will produce many of them in the future if not addressed from the roots, for example through the settlement of salaries, which completed 30% and will be completed by the end of the year 50% including members of the armed forces, Inspectors, and the nature of the investigation has changed in police stations, as well as in particular in the field of oil and currency auction, real estate and contractors.
15 - Unification of customs tariffs with the work to control the border crossings, which despite all the shortcomings, but a step has not found its way to apply for nearly three decades. And the removal of all the controls that have been marred by many corruption.
16 - Working hard and in great cooperation with the Council of Representatives to change the legislative system obstruction, including the abolition or amendment of the decisions of the Revolution Command Council dissolved. In addition to work on the enactment of many important structural laws such as the law of the Council of Ministers and ministries, the law of the Council of Reconstruction, and others.
17. The provision of about $ 100 million for the printing of books to be printed in the local printing press, governmental and private, while a monopoly was printed many of them abroad.
18 - address the subject of contracts and workers daily and work diligently on the termination of the file management of the positions of the Agency in all its complications accumulated in cooperation with the House of Representatives.
These and other achievements are very important in the early life of the government, in addition to taking structural reforms that need longer results.
A deputy calls for the election of governor of Kirkuk
Solagh: President of the deposed Sudan was against the return of Iraq and described him as a face to face
BAGHDAD /
The head of the Assyrian Chaldean Syriac People's Assembly in the Iraqi parliament, Rep. Rihan Hanna Ayoub, on Saturday denounced the series of terrorist attacks on the people of our people in the beloved cities of Kirkuk.
"We strongly condemn the series of terrorist attacks on the people of our beloved people in the beloved cities of Kirkuk," said Hanna in a statement received by Al-Ghad Press. "We pray for the mercy of the martyrs of this day and the wounded.
And called for "the redeployment of the Peshmerga forces to impose its control over the city of Kirkuk after suffering from the great scourges following the inconsistencies of those behind the positions without taking into account the responsibility of innocent citizens of isolation."
The head of the People's Assembly Chaldean Syriac Assyrian bloc in the statement on the "need to elect a governor of the city is a true representative of its people and the re-activation of Article 140 in its proper form without politicizing the parties without others."
"We strongly condemn the series of terrorist attacks on the people of our beloved people in the beloved cities of Kirkuk," said Hanna in a statement received by Al-Ghad Press. "We pray for the mercy of the martyrs of this day and the wounded.
And called for "the redeployment of the Peshmerga forces to impose its control over the city of Kirkuk after suffering from the great scourges following the inconsistencies of those behind the positions without taking into account the responsibility of innocent citizens of isolation."
The head of the People's Assembly Chaldean Syriac Assyrian bloc in the statement on the "need to elect a governor of the city is a true representative of its people and the re-activation of Article 140 in its proper form without politicizing the parties without others."
Keywords
Iranian President: Iraqi President conveyed Iranian peace message to Saudi Arabia, UAE and Bahrain
02-06-2019 12:33 AM
Baghdad:
The Iraqi ambassador to Tehran said that Iraqi President Barham Salih conveyed a message from Iran to Saudi Arabia, the United Arab Emirates and Bahrain on the proposal to sign the non-aggression treaty.
"Iraq welcomed the proposal made by Iranian Foreign Minister Mohammad Jawad Zarif (non-aggression treaty)," the Iraqi news agency ISNA quoted Iraqi Ambassador Saad Abdulwahab Jawad Qandil as saying.
"Because of the lack of diplomatic relations between Iran and Saudi Arabia and Bahrain, Iraqi officials have decided to transfer this proposal on their behalf to Iran," Qandil said.
The Iraqi ambassador pointed out that Baghdad can be considered a mediator to exchange messages between Tehran and Riyadh, Abu Dhabi and Manama, according to the agency "Esna".
The Deputy Foreign Minister of Iran, Abbas Araghji, spoke about the "Non-Aggression Treaty" last Wednesday in an interview with the Russian news agency "Novosti" during his visit to Qatar. "The idea we have presented concerns the signing of a non-aggression treaty between the Gulf states, In principle, we have details, but we did not discuss them because we are waiting for a response from the countries of the region. "
"We raised this issue only two days ago during the meetings in Kuwait and Amman, and of course we have to give them enough time to study them," Araghji said. "But we have not received any negative reactions, which is a good thing."
"Iraq welcomed the proposal made by Iranian Foreign Minister Mohammad Jawad Zarif (non-aggression treaty)," the Iraqi news agency ISNA quoted Iraqi Ambassador Saad Abdulwahab Jawad Qandil as saying.
"Because of the lack of diplomatic relations between Iran and Saudi Arabia and Bahrain, Iraqi officials have decided to transfer this proposal on their behalf to Iran," Qandil said.
The Iraqi ambassador pointed out that Baghdad can be considered a mediator to exchange messages between Tehran and Riyadh, Abu Dhabi and Manama, according to the agency "Esna".
The Deputy Foreign Minister of Iran, Abbas Araghji, spoke about the "Non-Aggression Treaty" last Wednesday in an interview with the Russian news agency "Novosti" during his visit to Qatar. "The idea we have presented concerns the signing of a non-aggression treaty between the Gulf states, In principle, we have details, but we did not discuss them because we are waiting for a response from the countries of the region. "
"We raised this issue only two days ago during the meetings in Kuwait and Amman, and of course we have to give them enough time to study them," Araghji said. "But we have not received any negative reactions, which is a good thing."
Migration from Kurdistan Region on Decline: NGO
02/06/2019 - 01:09 Published in Kurdistan
Migration of people from Kurdistan Region to the Western countries has significantly increased since last year, according to Lutka Organization for Refugees.
After the emergence of Islamic State (IS) in Iraq and Syria, millions of people escaped their homes and risked their lives to find a better future elsewhere, especially the EU countries.
People from Kurdistan Region, mainly for economic reasons, also joined the refugees influx to the West.
Ari Jalal, head of Lutka organization, told BasNews that their records show more than 60,000 people who migrated from Kurdistan in 2018 only.
However, he said the flow has significantly increased in the first five months of 2019 in comparison with the same period last year.
He also noted that at least nine people form Kurdistan Region lost their lives in 2018 on their way to the EU.
“Also, hundreds are under detention in Turkey, Greece and other countries,”
The added.Parliamentary: The number of women without a quota in parliamentary elections should be counted on men's quota
Political 01:23 - 02/06/2019
Baghdad - Mawazine News
A member of the House of Representatives, Nasr al-Jubouri, on Sunday, calculated the number of women winners without "Kota" in the parliamentary elections on the share of men.
"The members of the House of Representatives are very angry about the presence of 22 female deputies who were counted in the elections with the votes they received without the quota, but this number was calculated on the quota of women in the House of Representatives, and replaced the men," Jubouri said.
"This led to a reduction in the number of women in the House of Representatives to 84 women after they were 105 female deputies," she said.
"The House of Representatives should not repeat the mistake that took place in the current session, and is keen to increase the number of women in the House of Representatives in accordance with the constitutional article, which stated that the number of women should not be less than 25 percent of the number of members of the House of Representatives."
The MP pointed out that "this situation led to a weakness in the voice of women in the House of Representatives, especially in the legislation that concerns women, as they can not break the number of nisaab or legislation to protect them from cases of violence or the establishment of discrimination."
A member of the House of Representatives, Nasr al-Jubouri, on Sunday, calculated the number of women winners without "Kota" in the parliamentary elections on the share of men.
"The members of the House of Representatives are very angry about the presence of 22 female deputies who were counted in the elections with the votes they received without the quota, but this number was calculated on the quota of women in the House of Representatives, and replaced the men," Jubouri said.
"This led to a reduction in the number of women in the House of Representatives to 84 women after they were 105 female deputies," she said.
"The House of Representatives should not repeat the mistake that took place in the current session, and is keen to increase the number of women in the House of Representatives in accordance with the constitutional article, which stated that the number of women should not be less than 25 percent of the number of members of the House of Representatives."
The MP pointed out that "this situation led to a weakness in the voice of women in the House of Representatives, especially in the legislation that concerns women, as they can not break the number of nisaab or legislation to protect them from cases of violence or the establishment of discrimination."
Kauaihn Iraq Articles:dd
Nassif: Abdul-Mahdi's policy is "slow" and his advisers have weakened him
In the policy of June 2, 2019 Comments on Nassif: Abdul-Mahdi's policy "slow" and his advisers weakened him closed 12 visits
BAGHDAD / SNG - MP of the coalition of state law, Alia Nassif, criticized the policy of Prime Minister Adel Abdul-Mahdi, on the internal vital files, and what it described as slow, stressed the need to inform representatives of the people to any agreement with other countries.
"The policy adopted by the prime minister is slow toward internal vital issues, but at the international policy level there is no lack of progress," Nassif told SNG.
She noted that "the House of Representatives was hoping to attend the Prime Minister to the dome of parliament to inform the representatives of the people agreements signed with the other state, because we are in a parliamentary system."
"The treaty law confirms that" strategic agreements can not be passed except by two thirds of the House of Representatives, "noting that" the adoption of the Prime Minister on advisers are not the required level weaker than its internal administration. "
Adel Abdul Mahdi, who was appointed in October last October as prime minister, is still unable to complete his cabinet because of differences that hit the political blocs and parties.
Iraq reveals the desire of countries to join the quadripartite information exchange
Editorial date: 2019/6/2 12:04 • 76 times read
BAGHDAD (Reuters) - The head of military intelligence, Major General Saad Mezher al-Alak, revealed on Saturday the willingness of some countries to join the quadripartite information center, which includes Iraq, Russia, Iran and Syria.
"Some countries are seeking to join the quadripartite information center, which includes Iraq, Russia, Iran and Syria, in their belief in their great role in serving world community peace and in destroying the bases and basic bases for the organization of a criminal advocate," al-Aalak said in a statement received by Al-Furat News.
He added that "the delegations of the Center visited the permanent exhibition of documents, weapons and equipment gangs and called the terrorist at the headquarters of the Directorate where the delegations were briefed on the contents of the exhibition and expressed admiration for it, reviewing figures and statistics achievements of the Center since its inception in 2015 until now.
He noted "the ideal spirit of cooperation of the countries participating in it," praising the "support provided by Russia and Iran to the Center."
He pointed to "the difficult circumstances in which the Center worked and the determination of everyone to succeed in the mission for which it was founded."
He stressed that "the Center's important information about the terrorist gangs in Iraq and Syria contributed significantly to the victory in Iraq and undermine the activity of these gangs in Syria through the military operations carried out by Syrian and Russian forces."
He added that "the delegations of the Center visited the permanent exhibition of documents, weapons and equipment gangs and called the terrorist at the headquarters of the Directorate where the delegations were briefed on the contents of the exhibition and expressed admiration for it, reviewing figures and statistics achievements of the Center since its inception in 2015 until now.
He noted "the ideal spirit of cooperation of the countries participating in it," praising the "support provided by Russia and Iran to the Center."
He pointed to "the difficult circumstances in which the Center worked and the determination of everyone to succeed in the mission for which it was founded."
He stressed that "the Center's important information about the terrorist gangs in Iraq and Syria contributed significantly to the victory in Iraq and undermine the activity of these gangs in Syria through the military operations carried out by Syrian and Russian forces."
Federal Court responds to the request to cancel the allocation of land and loans for teaching staff
Editorial date: 2019/6/2 11:59 • 141 times read
(Baghdad: Al Furat News) The Federal Supreme Court rejected the request to cancel the article includes the allocation of land plots and real estate loan covered by the provisions of the law on the protection of teachers and teachers, supervisors and educational guides.
"The Federal Supreme Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the attendance of all members of the judges, and considered a lawsuit filed by the Minister of Construction, Housing and Public Municipalities, in addition to his job, the Speaker of the House of Representatives / In addition to his job. "
"The plaintiff requested the cancellation of the text of Article (6 / I) of the Law No. 8 of 2018 (the law on the protection of teachers, teachers, supervisors and educational guides).
The official spokesman pointed out that "the contested material includes the allocation of plots of land and real estate loan to those covered by the provisions of this law, on the grounds of conflict with the reasons for which burdens the burden of municipal institutions."
He pointed out that "the court found that the conflict of material in a law with its positive reasons does not constitute a violation of the constitutional, and then returned the lawsuit for not based on the support of the Constitution."
"The plaintiff requested the cancellation of the text of Article (6 / I) of the Law No. 8 of 2018 (the law on the protection of teachers, teachers, supervisors and educational guides).
The official spokesman pointed out that "the contested material includes the allocation of plots of land and real estate loan to those covered by the provisions of this law, on the grounds of conflict with the reasons for which burdens the burden of municipal institutions."
He pointed out that "the court found that the conflict of material in a law with its positive reasons does not constitute a violation of the constitutional, and then returned the lawsuit for not based on the support of the Constitution."
Iraqi judiciary sentenced to the execution of a ninth French belonging to Daish
Political 11:23 - 02/06/2019
Baghdad - Mawazine News
An Iraqi court on Sunday sentenced to death a ninth French jihadist out of the 12 jihadists who were transferred from Syria to Iraq and were identified as belonging to an oppressive organization and began another trial, an AFP journalist reported.
"A court in Baghdad executed a ninth French terrorist out of the 12 da'is who were transferred from Syria to Iraq and convicted of belonging to the Da'ash organization," the agency said.
The Syrian Democratic Forces, which are fighting a militant organization, handed it over to the Iraqi authorities along with 10 other Frenchmen and Tonsi.
They were interrogated by the intelligence services and then by the investigating judge. Seven of them were sentenced to death in a week.
Paris stresses that it does not want to interfere in the decisions of the Iraqi judiciary, but said Baghdad opposed the death penalty
An Iraqi court on Sunday sentenced to death a ninth French jihadist out of the 12 jihadists who were transferred from Syria to Iraq and were identified as belonging to an oppressive organization and began another trial, an AFP journalist reported.
"A court in Baghdad executed a ninth French terrorist out of the 12 da'is who were transferred from Syria to Iraq and convicted of belonging to the Da'ash organization," the agency said.
The Syrian Democratic Forces, which are fighting a militant organization, handed it over to the Iraqi authorities along with 10 other Frenchmen and Tonsi.
They were interrogated by the intelligence services and then by the investigating judge. Seven of them were sentenced to death in a week.
Paris stresses that it does not want to interfere in the decisions of the Iraqi judiciary, but said Baghdad opposed the death penalty
Parliamentary Finance calls on Abdul Mahdi to spend emergency allocations for this purpose
Editorial date: 2019/6/2 10:42 • 294 times read
The parliamentary finance committee on Saturday called on Prime Minister Adel Abdul Mahdi to instruct the Minister of Finance to pay compensation to farmers affected by the burning of agricultural crops in Kirkuk from the specific allocations to the emergency reserve in the budget of 2019.
The committee member Hoshyar Abdullah, in a statement received {Euphrates News} a copy of it, that "in the financial budget law there is a possibility to act contingency reserve allocations in accordance with Article II / paragraph III) and Article (V / A), and therefore the Prime Minister to take Quick steps include the formation of a committee to visit areas where crops were burned to Kirkuk province and meet the peasants and assess the proportion of damage suffered and compensated through the emergency reserve.
He added that Article (II / III) in the budget includes the allocation of two hundred billion dinars for emergency situations, and also Article (V / A) includes some flexibility to allocate additional funds, and the Council of Ministers can vote on increasing the proportion of emergency reserve allocations as needed, "Unfortunately, these allocations were not disposed of in the emergency circumstances of the country. At the end of last year and the beginning of this year, they were not disposed of to compensate those affected by the floods. Today some of them have not been paid to compensate the farmers whose crops were burnt."
"We have already asked the Minister of Finance for more than once to pay part of these funds to compensate the affected flood, and there were official communications in this regard, but there was a delay in the disbursement of the emergency reserve, if these allocations are not disposed of in such tragic situations What is the purpose of allocating them? "
He added that "in the event that the government disavowed the implementation of this article of the budget law and delayed in compensating the affected farmers we will hold the parties concerned and we use all our means in the House of Representatives, including the questioning of the Minister of Finance, especially that the failure to exchange may accept other explanations.
He added that Article (II / III) in the budget includes the allocation of two hundred billion dinars for emergency situations, and also Article (V / A) includes some flexibility to allocate additional funds, and the Council of Ministers can vote on increasing the proportion of emergency reserve allocations as needed, "Unfortunately, these allocations were not disposed of in the emergency circumstances of the country. At the end of last year and the beginning of this year, they were not disposed of to compensate those affected by the floods. Today some of them have not been paid to compensate the farmers whose crops were burnt."
"We have already asked the Minister of Finance for more than once to pay part of these funds to compensate the affected flood, and there were official communications in this regard, but there was a delay in the disbursement of the emergency reserve, if these allocations are not disposed of in such tragic situations What is the purpose of allocating them? "
He added that "in the event that the government disavowed the implementation of this article of the budget law and delayed in compensating the affected farmers we will hold the parties concerned and we use all our means in the House of Representatives, including the questioning of the Minister of Finance, especially that the failure to exchange may accept other explanations.
Kauaihn Economic Times:
ISX Update:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
Today in History
Today in History
Read in ABC News: https://apple.news/AC_
PRECIOUS-Gold hits two-week high after latest Trump tariff threat
* Spot gold up 1.2% this month
Read in Reuters: https://apple.news/
Asia Gold-China premiums rise as trade woes boost buying; India demand tapers
* China premiums rise to $14-18/oz vs $12-14/oz last week
Read in Reuters: https://apple.news/
The Oil Market Looks Oversold
Given the outlook for market fundamentals in the second half, especially lower Iranian and Venezuelan production, the recent drop in oil prices looks to have gone too far.
Read in Forbes: https://apple.news/
Wall Street's leading recession signal is flashing yellow
The bond market has some investors worried, especially if U.S.-China relations continue to deteriorate
Read in CBS News: https://apple.news/A_
Bond Markets Press Fed On Rates as Trade Wars Pinch Growth: Clarida Stands Firm
U.S. Treasury bond yields tested multi-year lows again Friday, while benchmark rates in Europe hit a new all-time trough, as fixed income investors lined up to pressure the Federal Reserve into shifting its rate stance in the face of a trade war-triggered slowdown. U.S. Treasury bond yields tested multi-year lows again Friday, while benchmark rates in Europe hit a new all-time trough, as fixed income investors lined up to pressure the Federal Reserve into shifting its rate stance in the face of
Read in TheStreet: https://apple.news/
2-year Treasury yield drops below 2% as tariff threat sparks global bond rally
Government bonds rallied sharply Friday, sending yields sharply lower, as investors sought havens following President Donald Trump's threat to levy tariffs on Mexico in an effort to curb immigration. The yield on the 2-year U.S. Treasury note dropped more than 7 basis points to 1.992%, dropping below the 2% threshold for the first time since February 2018, according to FactSet. The 10-year Treasury note yield tumbled 7.2 basis points to 2.151%, the lowest since September 2017. Yields fall as
Read in MarketWatch: https://apple.news/
How to Play Cheap Stocks Safely When Everyone Seems Afraid
Investors are getting mixed signals about value stocks, amid trade war and economy worries. But that doesn’t mean investors shouldn’t buy them.
Read in Barron's: https://apple.news/
China approves 40 bln yuan perpetual bonds of Hua Xia Bank
China's banking and insuranceregulator said it approved Hua Xia Bank's issuance of up to 40billion yuan ($5.80 billion) worth of perpetual bonds, accordingto a statement released on its official website on Friday.
Read in Reuters: https://apple.news/AGUm5J-
3 Things Under the Radar This Week
Stock Markets Jun 01, 2019 07:10 GMT Investing.com - Here’s a look at three things that were under the radar this past week. 1. Fed Can’t Afford a Little Patience? A key portion of the U.S. Treasury yield curve inverted further this week as worries about a prolonged U.S.-China trade battle rattled investors and sent money into safer bonds. The yield on the 10-year, at about 2.16%, is solidly below that of the 3-month, which is at about 2.35%. A yield-curve inversion is generally considered a
Read in Investing.com: https://apple.news/
Bitcoin's resurgence could help fuel the next rally in chip stock Advanced Micro
The semis have been crushed this month, but one stock remains in the green: Advanced Micro. Its next major rally hinges on bitcoin, says one analyst.
Read in CNBC: https://apple.news/
Bitcoin [BTC] v Litecoin [LTC] Price Analysis: Coins remain largely bullish despite looming bears
On May 29, cryptocurrency investors were in for a surprise after EOS overtook Litecoin’s position on the cryptocurrency charts. Bitcoin [BTC], however, continued to consolidate its gains and retained its 57% dominance over the coin market. 1-Day BTC chart BTC's 24-hour trading volume was $28 billion, while its market cap was recorded to be $147...
Read in AMBCrypto: https://apple.news/Ai_Nwr2_
Bahamas Central Bank Enters Agreement to Deliver First National Digital Currency by 2020
The Central Bank of the Bahamas is moving forward with its state-backed digital currency by entering a new agreement.
Read in Cointelegraph: https://apple.news/AU2h-mxs-
A Crypto-Friendly Puerto Rico Bank Is Crowdfunding on Circle's SeedInvest
Arival Bank aims to serve crypto firms rejected by traditional banks and is crowdfunding $3 million on Circle's SeedInvest platform.
Read in CoinDesk: https://apple.news/
Child deaths in Brazil fall following comprehensive smoking ban
Child deaths have fallen in Brazil following complete smoking bans in public places, according to a new study. Its authors, from Imperial College London, the Brazilian National Cancer Institute (INCA), and Erasmus Medical Centre in the Netherlands, estimate that strengthening smoke-free legislation between 2000 and 2016 in Brazil averted over 15,000 deaths in children under...
Read in Bioengineer.org: https://apple.news/
Sweeping study of more than 100,000 people finds that ice cream, pizza and bacon could be killing us
Processed foods are convenient, but they could lead to cardiovascular disease and other health risks.
Read in MarketWatch: https://apple.news/
Concerns over exaggerated health claims prompt FDA hearing on effects of CBD products
On Friday, the US Food and Drug Administration is holding its first hearing to assess the safety and efficacy of cannabis-related products that are saturating the market with health claims that include: relieving pain, reducing anxiety and depression, and boosting the immune system.
Read in CNN: https://apple.news/
Eat more of this 1 nutrient to reduce the risk of 4 major diseases
Was it a vitamin? A mineral? Or the ever-popular protein? Nope. The edible element responsible for these dramatic effects was none other than this ...
Read in Ladders: https://apple.news/
Smoking around pregnant women may increase asthma risk in children
Smoking around pregnant women significantly increases the risk of the baby developing asthma, a new study suggests.
Read in The Telegraph: https://apple.news/A-hI3e5-
Trump's Mexico tariffs mark a declaration of isolationism not seen since the 1940s
The market did not take Trump's Mexico tweet well. Our thought bubble, via Axios' Felix Salmon: Strategically, it makes zero sense for the U.S. to enter a two-front trade war, engaging Mexico even as the confrontation with China is reaching a boiling point. China and Mexico are 2 of America's 3 largest trading partners. To start trade wars with both of them is a declaration of isolationism not seen since 1945.
Read in Axios: https://apple.news/
US has a new common enemy in Mexico, strategist says
Richard Kelly, head of global strategy at TD Securities, discusses U.S. President Donald Trump's newly announced tariffs on Mexican goods.
Read in CNBC: https://apple.news/AI8GmL-
Opinion: Fed’s reliance on expectations is a risky business
Caroline Baum says the Fed is still relying on the market and the public to push inflation and interest rates where the Fed wants them to go.
Read in MarketWatch: https://apple.news/AOcONGkUWR-
Pence calls on Canada to do more to engage Cuba over Venezuelan crisis
U.S. Vice President Mike Pence on Thursday called on Canada to do more to engage directly with Cuba over what Pence called the island nation's "malign influence" on Venezuela's political crisis.
Read in Reuters: https://apple.news/
African Trade Pact Takes Off Without Nigeria
(Photo: Pixabay) The African Continental Free Trade Area (AfCFTA) agreement came into effect yesterday, without Nigeria, Africa's largest economy, following ratification of the deal by the required 22 countries a month ago. The trade pact will potentially cover a market of 1.2 billion people, with a combined gross domestic product of $2.5 trillion, once passed by all 55 nations recognized as part of the African Union (AU), to become world's largest free trade zone. Recall that the minimum
Read in AllAfrica: https://apple.news/
South Africa: City of Cape Town Eyes Dagga Economy, Frees Land to Grow Its Own
Vacant land in Atlantis, Cape Town, has been freed up for the production of medical cannabis, the City of Cape Town announced on Thursday. The City approved the decision, "which will set the foundation to unlock Cape Town's potential in this untapped sector". "This positive move by the City gives us the opportunity to unlock the economic benefits with the resultant job creation opportunities that this emerging industry will present," said James Vos, the mayoral committee member for economic
Read in AllAfrica: https://apple.news/
Kenya: Longtime Coffee Farmers Eye New Path
Kenya is the fifth largest coffee-producing country in Africa, but that might change. Coffee farmers in the East African nation are turning to other crops because of drought and low prices on the international market. Joseph Wainaina, 71, started farming coffee a year after Kenya gained independence. As a teenager, he loved to farm, and for years he enjoyed good returns. But recently, global coffee prices kept dropping, and coffee trees became expensive to maintain. “I want to cut down coffee
Read in AllAfrica: https://apple.news/
Zimbabwe: President Courts Private Sector
Zimbabwe and Tanzania should encourage players from the private sector to take advantage of investment opportunities in the two countries and actively participate in economic development, President Mnangagwa has said. He said enhancement of bilateral cooperation between Tanzania and Zimbabwe will lead to the enhancement of air connectivity between Harare and Dar-es-Salaam. President Mnangagwa said this on Tuesday during a dinner he hosted in honour of Tanzanian leader Dr John Pombe Magufuli at
Read in AllAfrica: https://apple.news/
Zimbabwe: Amnesty International Suspends Zimbabwe Branch Over Fraud, Serious Financial Mismanagement Claims
Amnesty International has suspended its branch in Zimbabwe over massive fraud and serious mismanagement. In a statement, Amnesty International said, “The International Board of Amnesty International has taken the unprecedented step of suspending Amnesty International Zimbabwe (AIZ) from the global movement and placing it under administration following evidence of fraud and serious financial misconduct. “An extensive forensic audit was conducted in late 2018 which uncovered evidence of fraud and
Read in AllAfrica: https://apple.news/
Zimbabwe: Govt to Open Airwaves
Government under the Second Republic is committed to opening up the airwaves and promoting freedom of expression and dissemination of diverse views, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. Minister Mutsvangwa said this when she appeared before the Portfolio Committee on Information, Media and Broadcasting Services. She was accompanied by Secretary in the ministry, Mr Nick Mangwana, Broadcasting Authority of Zimbabwe chief executive Mr Obert Muganyura
Read in AllAfrica: https://apple.news/AKDJTas42P_
As Zimbabwe's forests fall, timber shortage tightens screws on carpenters
With little law enforcement, forests are being cut down for settlement, tobacco-curing or cooking fuel - and small businesses that depend on timber are feeling the pinch
Read in Thomson Reuters Foundation News: https://apple.news/
Zimbabwe: Great Opportunity to Tackle Health Sector Woes
OFFICIALS from the ministries of Health and Child Care and Finance, University of Zimbabwe's medical school, donor agencies, non-governmental organisations and civil society, entrepreneurs, researchers, academia, as well as private sector players will in June converge on the resort town of Victoria Falls to proffer solutions to a plethora of challenges facing the health sector....
Read in Healthtian: https://apple.news/
South African Markets - Factors to watch on May 31
The following company announcements, scheduled economicindicators, debt and currency market moves and political eventsmay affect South African markets on Friday.
Read in Reuters: https://apple.news/
Duterte wary over US-China trade war, wants it resolved soon
Philippine President Rodrigo Duterte has expressed deep concerns about the escalating U.S.-China trade war and its impact on the global economy, including that of his country
Read in ABC News: https://apple.news/AE9f_
Investors need to play defense with mounting China trade war?
Spruce Point Capital CEO Ben Axler on the impact of mounting trade tensions with China on investors' portfolios.
Read in Fox News: https://apple.news/Adxc-
China sides with Palestinians by snubbing showcase for Donald Trump’s Middle East peace plan
China and Russia will join the Palestinian Authority in shunning a US-led conference designed to kick-start the Middle East peace process by unveiling the “deal of the century”. Last week the US announced that the “Peace to Prosperity” workshop, to be…
Read in South China Morning Post: https://apple.news/A_
What foreign investors need to know about China’s property market as MSCI adds to A-shares’ weighting
If you’ve yet to hear of Greenland Holdings, Seazen Holdings or China Fortune Land Development, don’t worry. You likely will be hearing more about them soon, if you are a foreign investor looking for more China exposure. They are big developers in China’s…
Read in South China Morning Post: https://apple.news/
Hong Kong’s home prices gather speed in April, rising at the fastest pace in more than six years
Hong Kong’s pre-owned home prices rose at the fastest pace in more than six years, stretching a four-month rally, but analysts expect the uptrend to taper off as buying interest has been adversely hit by the escalating US-China trade war. The price index…
Read in South China Morning Post: https://apple.news/
US-China trade breakthrough ‘unlikely’ at G20 meeting between Donald Trump and Xi Jinping
A breakthrough in the current stalemate between China and the US is unlikely when Chinese President Xi Jinping meets his American counterpart at the G20 summit in Japan next month, a former Chinese central bank chief said on Friday. “Leaders of China and…
Read in South China Morning Post: https://apple.news/AtykRU0g-
Explainer: China’s manufacturing outlook weakens showing economic slump is yet to hit bottom
China’s manufacturing outlook took a sharp downturn in May, suggesting that the economic slump has yet to reach bottom, analysts said. The manufacturing purchasing managers’ index (PMI) is a gauge of sentiment among factory operators and is based on a…
Read in South China Morning Post: https://apple.news/AkX_
Who will replace UK Prime Minister Theresa May?
Boris Johnson is the current favorite.
Read in ABC News: https://apple.news/A0SkF_
Donald Trump in the UK: Brexit, Huawei and banquet with the queen
U.S. President Donald Trump is likely to wade into Britain's Brexit turmoil during a visit to London next week in which he will also tell outgoing Prime Minister Theresa May that her successor should ban Huawei from building 5G networks.
Read in Reuters: https://apple.news/
European real estate bubble a 'real possibility,' Commerzbank says
The euro area is at risk of a new real estate bubble as a result of expansionary monetary policy from the European Central Bank (ECB), Commerzbank analysts have warned.
Read in CNBC: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/AC_
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold hits two-week high after latest Trump tariff threat
* Spot gold up 1.2% this month
Read in Reuters: https://apple.news/
Asia Gold-China premiums rise as trade woes boost buying; India demand tapers
* China premiums rise to $14-18/oz vs $12-14/oz last week
Read in Reuters: https://apple.news/
The Oil Market Looks Oversold
Given the outlook for market fundamentals in the second half, especially lower Iranian and Venezuelan production, the recent drop in oil prices looks to have gone too far.
Read in Forbes: https://apple.news/
BANKS/BANKING/CREDIT
JPM consumer banking CEO: We must make capital accessible to everyone
Thasunda Duckett, CEO of J.P. Morgan Chase consumer banking, joins "Squawk Box" to discuss how to make banking more accessible.
Read in CNBC: https://apple.news/
Italian banks vulnerable to macro risks - BoI's Visco
Italy's banking system could behit by a new economic downturn while it is yet to complete itsrestructuring process, Bank of Italy Governor Ignazio Visco saidon Friday.
Read in Reuters: https://apple.news/
JPMorgan's deposit growth slowing as customers seek higher yield
Deposit growth at JPMorgan Chase & Co, the largest U.S. bank by assets, is slowing as customers withdraw some of their money and stash it with competing banks that pay higher interest rates, a bank executive said Thursday.
Read in Reuters: https://apple.news/
Community banks step up tech to compete with big banks, benefiting consumers
How tech bells and whistles are making their way to customers of small banks.
Read in Bankrate: https://apple.news/
America's 15 largest banks
Even the smallest of these big banks has enormously deep pockets.
Read in Bankrate: https://apple.news/
JPM consumer banking CEO: We must make capital accessible to everyone
Thasunda Duckett, CEO of J.P. Morgan Chase consumer banking, joins "Squawk Box" to discuss how to make banking more accessible.
Read in CNBC: https://apple.news/
Italian banks vulnerable to macro risks - BoI's Visco
Italy's banking system could behit by a new economic downturn while it is yet to complete itsrestructuring process, Bank of Italy Governor Ignazio Visco saidon Friday.
Read in Reuters: https://apple.news/
JPMorgan's deposit growth slowing as customers seek higher yield
Deposit growth at JPMorgan Chase & Co, the largest U.S. bank by assets, is slowing as customers withdraw some of their money and stash it with competing banks that pay higher interest rates, a bank executive said Thursday.
Read in Reuters: https://apple.news/
Community banks step up tech to compete with big banks, benefiting consumers
How tech bells and whistles are making their way to customers of small banks.
Read in Bankrate: https://apple.news/
America's 15 largest banks
Even the smallest of these big banks has enormously deep pockets.
Read in Bankrate: https://apple.news/
TREASURIES/BONDS/STOCKS
Wall Street's leading recession signal is flashing yellow
The bond market has some investors worried, especially if U.S.-China relations continue to deteriorate
Read in CBS News: https://apple.news/A_
Bond Markets Press Fed On Rates as Trade Wars Pinch Growth: Clarida Stands Firm
U.S. Treasury bond yields tested multi-year lows again Friday, while benchmark rates in Europe hit a new all-time trough, as fixed income investors lined up to pressure the Federal Reserve into shifting its rate stance in the face of a trade war-triggered slowdown. U.S. Treasury bond yields tested multi-year lows again Friday, while benchmark rates in Europe hit a new all-time trough, as fixed income investors lined up to pressure the Federal Reserve into shifting its rate stance in the face of
Read in TheStreet: https://apple.news/
2-year Treasury yield drops below 2% as tariff threat sparks global bond rally
Government bonds rallied sharply Friday, sending yields sharply lower, as investors sought havens following President Donald Trump's threat to levy tariffs on Mexico in an effort to curb immigration. The yield on the 2-year U.S. Treasury note dropped more than 7 basis points to 1.992%, dropping below the 2% threshold for the first time since February 2018, according to FactSet. The 10-year Treasury note yield tumbled 7.2 basis points to 2.151%, the lowest since September 2017. Yields fall as
Read in MarketWatch: https://apple.news/
How to Play Cheap Stocks Safely When Everyone Seems Afraid
Investors are getting mixed signals about value stocks, amid trade war and economy worries. But that doesn’t mean investors shouldn’t buy them.
Read in Barron's: https://apple.news/
China approves 40 bln yuan perpetual bonds of Hua Xia Bank
China's banking and insuranceregulator said it approved Hua Xia Bank's issuance of up to 40billion yuan ($5.80 billion) worth of perpetual bonds, accordingto a statement released on its official website on Friday.
Read in Reuters: https://apple.news/AGUm5J-
3 Things Under the Radar This Week
Stock Markets Jun 01, 2019 07:10 GMT Investing.com - Here’s a look at three things that were under the radar this past week. 1. Fed Can’t Afford a Little Patience? A key portion of the U.S. Treasury yield curve inverted further this week as worries about a prolonged U.S.-China trade battle rattled investors and sent money into safer bonds. The yield on the 10-year, at about 2.16%, is solidly below that of the 3-month, which is at about 2.35%. A yield-curve inversion is generally considered a
Read in Investing.com: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Bitcoin's resurgence could help fuel the next rally in chip stock Advanced Micro
The semis have been crushed this month, but one stock remains in the green: Advanced Micro. Its next major rally hinges on bitcoin, says one analyst.
Read in CNBC: https://apple.news/
Bitcoin [BTC] v Litecoin [LTC] Price Analysis: Coins remain largely bullish despite looming bears
On May 29, cryptocurrency investors were in for a surprise after EOS overtook Litecoin’s position on the cryptocurrency charts. Bitcoin [BTC], however, continued to consolidate its gains and retained its 57% dominance over the coin market. 1-Day BTC chart BTC's 24-hour trading volume was $28 billion, while its market cap was recorded to be $147...
Read in AMBCrypto: https://apple.news/Ai_Nwr2_
Bahamas Central Bank Enters Agreement to Deliver First National Digital Currency by 2020
The Central Bank of the Bahamas is moving forward with its state-backed digital currency by entering a new agreement.
Read in Cointelegraph: https://apple.news/AU2h-mxs-
A Crypto-Friendly Puerto Rico Bank Is Crowdfunding on Circle's SeedInvest
Arival Bank aims to serve crypto firms rejected by traditional banks and is crowdfunding $3 million on Circle's SeedInvest platform.
Read in CoinDesk: https://apple.news/
CURRENCIES
Euro in spotlight as U.S.-EU trade worries move back on radar
Fears surrounding a potential renewal of trade tensions between the U.S. and European countries could prove a burden for the euro, already weighed down by concerns over sluggish growth and the threat of renewed turmoil around Italy’s budget, analysts said.
Read in MarketWatch: https://apple.news/
Brazil eyes currency convertibility in 2-3 years to boost trade, investment
By Jamie McGeever BRASILIA (Reuters) – Brazil aims to make its currency, the real, fully convertible within two to three years, central bank President Roberto Campos Neto said on Wednesday, in an effort to lower the cost of cross-border trade and investment. Speaking to reporters as he unveiled a range of proposals to simplify regulations...
Read in CreaWorldNews: https://apple.news/
How would Italy’s ‘parallel currency’ work?
Description Italy's deputy PM Matteo Salvini Credits Miguel Medini/AFP/Getty Images Deputy prime minister hints at nuclear fiscal option in defiant riposte to EU ultimatum One-Minute Read Friday, May 31, 2019 - 6:08am The Italian government is set to face off with the EU after threatening of launching a “parallel currency” in a riposte to calls for it to rein in its public spending programme. See related Is Italy’s budget crisis a bigger threat to the EU than Brexit? Eurozone bailout programme
Read in The Week UK: https://apple.news/
Forex - Yen Rises on Safe-Haven Demand, Mexican Peso Slump on Tariff News
Forex May 31, 2019 04:56 GMT Investing.com - The Japanese yen rose on Friday in Asia amid safe-haven demand, while the Mexican Peso slumped amid news of unexpected tariffs imposed on Mexican goods. The USD/MXN pair was up 2.2% to 19.5583 by 12:50 AM ET(04:20 GMT). The Mexican peso is now near three-month lows against the dollar after U.S. President Donald Trump unexpected said the U.S. will slap a 5% tariff on all goods coming from Mexico. The tariff will kick in from June 10 and will last
Read in Investing.com: https://apple.news/AwPRcT_
The yuan is declining, that could be a problem for some Chinese firms
The yuan has inched toward 7 to the U.S. dollar, as the trade war worsens — and that could mean real economic costs for China and its businesses, experts say.
Read in CNBC: https://apple.news/
Euro in spotlight as U.S.-EU trade worries move back on radar
Fears surrounding a potential renewal of trade tensions between the U.S. and European countries could prove a burden for the euro, already weighed down by concerns over sluggish growth and the threat of renewed turmoil around Italy’s budget, analysts said.
Read in MarketWatch: https://apple.news/
Brazil eyes currency convertibility in 2-3 years to boost trade, investment
By Jamie McGeever BRASILIA (Reuters) – Brazil aims to make its currency, the real, fully convertible within two to three years, central bank President Roberto Campos Neto said on Wednesday, in an effort to lower the cost of cross-border trade and investment. Speaking to reporters as he unveiled a range of proposals to simplify regulations...
Read in CreaWorldNews: https://apple.news/
How would Italy’s ‘parallel currency’ work?
Description Italy's deputy PM Matteo Salvini Credits Miguel Medini/AFP/Getty Images Deputy prime minister hints at nuclear fiscal option in defiant riposte to EU ultimatum One-Minute Read Friday, May 31, 2019 - 6:08am The Italian government is set to face off with the EU after threatening of launching a “parallel currency” in a riposte to calls for it to rein in its public spending programme. See related Is Italy’s budget crisis a bigger threat to the EU than Brexit? Eurozone bailout programme
Read in The Week UK: https://apple.news/
Forex - Yen Rises on Safe-Haven Demand, Mexican Peso Slump on Tariff News
Forex May 31, 2019 04:56 GMT Investing.com - The Japanese yen rose on Friday in Asia amid safe-haven demand, while the Mexican Peso slumped amid news of unexpected tariffs imposed on Mexican goods. The USD/MXN pair was up 2.2% to 19.5583 by 12:50 AM ET(04:20 GMT). The Mexican peso is now near three-month lows against the dollar after U.S. President Donald Trump unexpected said the U.S. will slap a 5% tariff on all goods coming from Mexico. The tariff will kick in from June 10 and will last
Read in Investing.com: https://apple.news/AwPRcT_
The yuan is declining, that could be a problem for some Chinese firms
The yuan has inched toward 7 to the U.S. dollar, as the trade war worsens — and that could mean real economic costs for China and its businesses, experts say.
Read in CNBC: https://apple.news/
HEALTH / SCIENCE
Child deaths in Brazil fall following comprehensive smoking ban
Child deaths have fallen in Brazil following complete smoking bans in public places, according to a new study. Its authors, from Imperial College London, the Brazilian National Cancer Institute (INCA), and Erasmus Medical Centre in the Netherlands, estimate that strengthening smoke-free legislation between 2000 and 2016 in Brazil averted over 15,000 deaths in children under...
Read in Bioengineer.org: https://apple.news/
Sweeping study of more than 100,000 people finds that ice cream, pizza and bacon could be killing us
Processed foods are convenient, but they could lead to cardiovascular disease and other health risks.
Read in MarketWatch: https://apple.news/
Concerns over exaggerated health claims prompt FDA hearing on effects of CBD products
On Friday, the US Food and Drug Administration is holding its first hearing to assess the safety and efficacy of cannabis-related products that are saturating the market with health claims that include: relieving pain, reducing anxiety and depression, and boosting the immune system.
Read in CNN: https://apple.news/
Eat more of this 1 nutrient to reduce the risk of 4 major diseases
Was it a vitamin? A mineral? Or the ever-popular protein? Nope. The edible element responsible for these dramatic effects was none other than this ...
Read in Ladders: https://apple.news/
Smoking around pregnant women may increase asthma risk in children
Smoking around pregnant women significantly increases the risk of the baby developing asthma, a new study suggests.
Read in The Telegraph: https://apple.news/A-hI3e5-
USA / CANADA
Trump's Mexico tariffs mark a declaration of isolationism not seen since the 1940s
The market did not take Trump's Mexico tweet well. Our thought bubble, via Axios' Felix Salmon: Strategically, it makes zero sense for the U.S. to enter a two-front trade war, engaging Mexico even as the confrontation with China is reaching a boiling point. China and Mexico are 2 of America's 3 largest trading partners. To start trade wars with both of them is a declaration of isolationism not seen since 1945.
Read in Axios: https://apple.news/
US has a new common enemy in Mexico, strategist says
Richard Kelly, head of global strategy at TD Securities, discusses U.S. President Donald Trump's newly announced tariffs on Mexican goods.
Read in CNBC: https://apple.news/AI8GmL-
Opinion: Fed’s reliance on expectations is a risky business
Caroline Baum says the Fed is still relying on the market and the public to push inflation and interest rates where the Fed wants them to go.
Read in MarketWatch: https://apple.news/AOcONGkUWR-
Pence calls on Canada to do more to engage Cuba over Venezuelan crisis
U.S. Vice President Mike Pence on Thursday called on Canada to do more to engage directly with Cuba over what Pence called the island nation's "malign influence" on Venezuela's political crisis.
Read in Reuters: https://apple.news/
EMERGING MARKET
An ETF Idea For An Emerging Markets Rebound (NYSE:KEMQ)
The MSCI Emerging Markets Index is down more than 8 percent this month, a decline that has whittled the benchmark's year-to-date gain to a meager 2.64 percent. Data points like those are enough to discourage many investors from allocating to developing economies, but some emerging markets exchange-traded funds could be worth monitoring over the near term and be worthy of scooping if and when the U.S.-China trade controversy abates. What Happened The KraneShares Emerging Markets Consumer
Read in Benzinga: https://apple.news/
The MSCI Emerging Markets Index is down more than 8 percent this month, a decline that has whittled the benchmark's year-to-date gain to a meager 2.64 percent. Data points like those are enough to discourage many investors from allocating to developing economies, but some emerging markets exchange-traded funds could be worth monitoring over the near term and be worthy of scooping if and when the U.S.-China trade controversy abates. What Happened The KraneShares Emerging Markets Consumer
Read in Benzinga: https://apple.news/
Venezuela gives a rare look at its economy. It's an ugly, ugly picture
Venezuela's economy is in shambles and the country has plunged into political chaos. The dysfunction is so great that basic economic data has been hard to come by.
Read in CNN Business: https://apple.news/
Venezuela's economy is in shambles and the country has plunged into political chaos. The dysfunction is so great that basic economic data has been hard to come by.
Read in CNN Business: https://apple.news/
The truth behind Venezuela's blackouts
Venezuela's political crisis is resulting in power cuts and blackouts - is it sabotage, or something simpler?
Read in BBC News: https://apple.news/
Venezuela's political crisis is resulting in power cuts and blackouts - is it sabotage, or something simpler?
Read in BBC News: https://apple.news/
Brazil's economic woes mean more bad news for Jair Bolsonaro
Brazil’s economy contracted in the first quarter of 2019, raising the prospect of another recession in Latin America’s largest country, per the BBC.
Read in Axios: https://apple.news/
Brazil’s economy contracted in the first quarter of 2019, raising the prospect of another recession in Latin America’s largest country, per the BBC.
Read in Axios: https://apple.news/
The green bank for kids - set up by a child
José Adolfo Quisocala teaches poor children how to save and to earn money by recycling He is a Peruvian banker who encourages schoolchildren to save, and offers his 2,000 customers cash for recycling plastic waste. But the really remarkable thing about José Adolfo Quisocala is that he is still a child himself. When many of his peers dreamed of becoming professional footballers, firefighters or cumbía music stars, José Adolfo had his sights set on the world of finance from an early age. Continue
Read in the guardian: https://apple.news/A_
José Adolfo Quisocala teaches poor children how to save and to earn money by recycling He is a Peruvian banker who encourages schoolchildren to save, and offers his 2,000 customers cash for recycling plastic waste. But the really remarkable thing about José Adolfo Quisocala is that he is still a child himself. When many of his peers dreamed of becoming professional footballers, firefighters or cumbía music stars, José Adolfo had his sights set on the world of finance from an early age. Continue
Read in the guardian: https://apple.news/A_
MIDDLE EAST
Exxon foreign staff to return to Iraqi oilfield with extra security - officials
Exxon Mobilemployees will start returning to Iraq's West Qurna 1 oilfieldon Sunday after the company received assurances from Iraqiofficials that its staff would receive extra security, two Iraqiofficials told Reuters on Friday.
Read in Reuters: https://apple.news/
Exxon Mobilemployees will start returning to Iraq's West Qurna 1 oilfieldon Sunday after the company received assurances from Iraqiofficials that its staff would receive extra security, two Iraqiofficials told Reuters on Friday.
Read in Reuters: https://apple.news/
US diplomacy pushing Middle East towards war, says ex-UK minister
Alistair Burt sums up Donald Trump’s policy in the region as ‘hit them in the nuts first’ America’s “hit them in the nuts first” diplomacy is helping put the Middle East on a dangerous trajectory towards a regional war, Alistair Burt, the UK’s minister for the region until last month, has warned. On the eve of Donald Trump’s state visit to the UK, Burt told the Guardian what it has been like to be on the frontline of “America First” diplomacy, where “in every argument America has to win and
Read in the guardian: https://apple.news/
Alistair Burt sums up Donald Trump’s policy in the region as ‘hit them in the nuts first’ America’s “hit them in the nuts first” diplomacy is helping put the Middle East on a dangerous trajectory towards a regional war, Alistair Burt, the UK’s minister for the region until last month, has warned. On the eve of Donald Trump’s state visit to the UK, Burt told the Guardian what it has been like to be on the frontline of “America First” diplomacy, where “in every argument America has to win and
Read in the guardian: https://apple.news/
Iranians, Iraqis march to back Palestinians, reject Trump Mideast plan
Tens of thousands of Iranians marking the annual "Quds (Jerusalem) Day" in the Islamic Republic on Friday condemned a planned Middle East peace plan touted by U.S. President Donald Trump as the "deal of the century".
Read in Reuters: https://apple.news/
Tens of thousands of Iranians marking the annual "Quds (Jerusalem) Day" in the Islamic Republic on Friday condemned a planned Middle East peace plan touted by U.S. President Donald Trump as the "deal of the century".
Read in Reuters: https://apple.news/
Iran rejects 'baseless' Arab summit accusations: state media
Iran on Friday rejected what it called "baseless" accusations made at an Arab summit, saying Saudi had joined the United States and Israel in a "hopeless" effort to mobilize regional opinion against Tehran, state media reported.
Read in Reuters: https://apple.news/
Iran on Friday rejected what it called "baseless" accusations made at an Arab summit, saying Saudi had joined the United States and Israel in a "hopeless" effort to mobilize regional opinion against Tehran, state media reported.
Read in Reuters: https://apple.news/
AFRICA
African Trade Pact Takes Off Without Nigeria
(Photo: Pixabay) The African Continental Free Trade Area (AfCFTA) agreement came into effect yesterday, without Nigeria, Africa's largest economy, following ratification of the deal by the required 22 countries a month ago. The trade pact will potentially cover a market of 1.2 billion people, with a combined gross domestic product of $2.5 trillion, once passed by all 55 nations recognized as part of the African Union (AU), to become world's largest free trade zone. Recall that the minimum
Read in AllAfrica: https://apple.news/
South Africa: City of Cape Town Eyes Dagga Economy, Frees Land to Grow Its Own
Vacant land in Atlantis, Cape Town, has been freed up for the production of medical cannabis, the City of Cape Town announced on Thursday. The City approved the decision, "which will set the foundation to unlock Cape Town's potential in this untapped sector". "This positive move by the City gives us the opportunity to unlock the economic benefits with the resultant job creation opportunities that this emerging industry will present," said James Vos, the mayoral committee member for economic
Read in AllAfrica: https://apple.news/
Kenya: Longtime Coffee Farmers Eye New Path
Kenya is the fifth largest coffee-producing country in Africa, but that might change. Coffee farmers in the East African nation are turning to other crops because of drought and low prices on the international market. Joseph Wainaina, 71, started farming coffee a year after Kenya gained independence. As a teenager, he loved to farm, and for years he enjoyed good returns. But recently, global coffee prices kept dropping, and coffee trees became expensive to maintain. “I want to cut down coffee
Read in AllAfrica: https://apple.news/
Zimbabwe: President Courts Private Sector
Zimbabwe and Tanzania should encourage players from the private sector to take advantage of investment opportunities in the two countries and actively participate in economic development, President Mnangagwa has said. He said enhancement of bilateral cooperation between Tanzania and Zimbabwe will lead to the enhancement of air connectivity between Harare and Dar-es-Salaam. President Mnangagwa said this on Tuesday during a dinner he hosted in honour of Tanzanian leader Dr John Pombe Magufuli at
Read in AllAfrica: https://apple.news/
Zimbabwe: Amnesty International Suspends Zimbabwe Branch Over Fraud, Serious Financial Mismanagement Claims
Amnesty International has suspended its branch in Zimbabwe over massive fraud and serious mismanagement. In a statement, Amnesty International said, “The International Board of Amnesty International has taken the unprecedented step of suspending Amnesty International Zimbabwe (AIZ) from the global movement and placing it under administration following evidence of fraud and serious financial misconduct. “An extensive forensic audit was conducted in late 2018 which uncovered evidence of fraud and
Read in AllAfrica: https://apple.news/
Zimbabwe: Govt to Open Airwaves
Government under the Second Republic is committed to opening up the airwaves and promoting freedom of expression and dissemination of diverse views, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. Minister Mutsvangwa said this when she appeared before the Portfolio Committee on Information, Media and Broadcasting Services. She was accompanied by Secretary in the ministry, Mr Nick Mangwana, Broadcasting Authority of Zimbabwe chief executive Mr Obert Muganyura
Read in AllAfrica: https://apple.news/AKDJTas42P_
As Zimbabwe's forests fall, timber shortage tightens screws on carpenters
With little law enforcement, forests are being cut down for settlement, tobacco-curing or cooking fuel - and small businesses that depend on timber are feeling the pinch
Read in Thomson Reuters Foundation News: https://apple.news/
Zimbabwe: Great Opportunity to Tackle Health Sector Woes
OFFICIALS from the ministries of Health and Child Care and Finance, University of Zimbabwe's medical school, donor agencies, non-governmental organisations and civil society, entrepreneurs, researchers, academia, as well as private sector players will in June converge on the resort town of Victoria Falls to proffer solutions to a plethora of challenges facing the health sector....
Read in Healthtian: https://apple.news/
South African Markets - Factors to watch on May 31
The following company announcements, scheduled economicindicators, debt and currency market moves and political eventsmay affect South African markets on Friday.
Read in Reuters: https://apple.news/
ASIA
Duterte wary over US-China trade war, wants it resolved soon
Philippine President Rodrigo Duterte has expressed deep concerns about the escalating U.S.-China trade war and its impact on the global economy, including that of his country
Read in ABC News: https://apple.news/AE9f_
Investors need to play defense with mounting China trade war?
Spruce Point Capital CEO Ben Axler on the impact of mounting trade tensions with China on investors' portfolios.
Read in Fox News: https://apple.news/Adxc-
China sides with Palestinians by snubbing showcase for Donald Trump’s Middle East peace plan
China and Russia will join the Palestinian Authority in shunning a US-led conference designed to kick-start the Middle East peace process by unveiling the “deal of the century”. Last week the US announced that the “Peace to Prosperity” workshop, to be…
Read in South China Morning Post: https://apple.news/A_
What foreign investors need to know about China’s property market as MSCI adds to A-shares’ weighting
If you’ve yet to hear of Greenland Holdings, Seazen Holdings or China Fortune Land Development, don’t worry. You likely will be hearing more about them soon, if you are a foreign investor looking for more China exposure. They are big developers in China’s…
Read in South China Morning Post: https://apple.news/
Hong Kong’s home prices gather speed in April, rising at the fastest pace in more than six years
Hong Kong’s pre-owned home prices rose at the fastest pace in more than six years, stretching a four-month rally, but analysts expect the uptrend to taper off as buying interest has been adversely hit by the escalating US-China trade war. The price index…
Read in South China Morning Post: https://apple.news/
US-China trade breakthrough ‘unlikely’ at G20 meeting between Donald Trump and Xi Jinping
A breakthrough in the current stalemate between China and the US is unlikely when Chinese President Xi Jinping meets his American counterpart at the G20 summit in Japan next month, a former Chinese central bank chief said on Friday. “Leaders of China and…
Read in South China Morning Post: https://apple.news/AtykRU0g-
Explainer: China’s manufacturing outlook weakens showing economic slump is yet to hit bottom
China’s manufacturing outlook took a sharp downturn in May, suggesting that the economic slump has yet to reach bottom, analysts said. The manufacturing purchasing managers’ index (PMI) is a gauge of sentiment among factory operators and is based on a…
Read in South China Morning Post: https://apple.news/AkX_
EUROPE
Who will replace UK Prime Minister Theresa May?
Boris Johnson is the current favorite.
Read in ABC News: https://apple.news/A0SkF_
Donald Trump in the UK: Brexit, Huawei and banquet with the queen
U.S. President Donald Trump is likely to wade into Britain's Brexit turmoil during a visit to London next week in which he will also tell outgoing Prime Minister Theresa May that her successor should ban Huawei from building 5G networks.
Read in Reuters: https://apple.news/
European real estate bubble a 'real possibility,' Commerzbank says
The euro area is at risk of a new real estate bubble as a result of expansionary monetary policy from the European Central Bank (ECB), Commerzbank analysts have warned.
Read in CNBC: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Sunday 6/2/19 did update on the indicative rates Sell Rate 1190
The currency auction is 158,485,450
There are no news and announcements.
Rafidain launches a loan of 50 million dinars for hotel owners
Editorial date:: 2019/6/2 11:45 • 133 times read
{Baghdad: Al-Furat News} Rafidain Bank, operating loans to the owners of tourist hotels up to 50 million dinars and a period of grace for 3 months.
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it, "and in order to move the wheel of the national economy decided to grant loans to hotel owners up to 50 million dinars."
He pointed out that "the payment of installments is monthly and after the end of the grace period directly."
He pointed out that "the payment of installments is monthly and after the end of the grace period directly."
Value Traded
868,460,011
Shares Traded
1,183,389,473
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
6-1-2019 Newshound Guru MilitiaMan Article: "Foreign exchange rates against the dollar for the period (1995-2018)" ...Notification they are ready to roll.. imo!
6-1-2019 Intel Guru RayRen98 Parliament voted on Thursday and passed the law that was passed by the financial committee last week relating directly to the rise of the currency exchange rate. This has not been made public yet. We are as of this moment expecting to see the release of the 100 dinar note anytime between now and the Jun 7th. This will conclude the release of the lower denoms and the start of the RV release shortly after.
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly!They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly!They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI INDUSTRY DELIBERATELY KILLED BY CURRENCY AUCTIONS" Of course, we as investors all see it too so this news is not new to us. The important part if more and more people in high positions in parliament are frustrated too and see that the lack of reinstating the currency is killing any prospects for any real progress in Iraq. The delay is all due to corruption and nothing more. So over the last couple weeks we have had four (4) articles already on this topic so the pressure is building to do something about it. [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
*************
ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
*************
ARTICLE 3
An armed faction threatens Speaker of the House of Representatives Mohamed Halboussi
2019/5/31 13:50
[Baghdad-where]
An armed faction sent a death threat letter to House Speaker Muhammad Halabousi because of his stance on the US-Iranian conflict.
The House's legal adviser Sabah al-Karbouli said in a press statement today that "Halabousi received a threatening message bearing the slogan (Hezbollah Brigades Iraq), and demanding a specific political position of the crisis between Washington and Tehran," according to Radio Sawa.
"The speaker of the parliament informed some political figures of the contents of this letter to verify it," he said.
Al-Arabiya television quoted unnamed sources as saying that "the threat message carrying the seal and logo of the Iraqi Hezbollah was delivered by intercepting the car of the Halbusi secretary on a street in Baghdad and asking him to hand over the letter personally to the Speaker of the House of Representatives."
No government or political position has yet been issued or a response from the armed faction accused of sending the threat to House Speaker Mohammed Halboussi.
*************
ARTICLE 4
The crowd intelligence issued an explanation after news circulated about the card "Key Card"
2019/5/31 20:24
[Baghdad-where]
The intelligence services of the Popular Propaganda Organization issued a statement on Friday on incorrect reports of "keycard" cards circulating on social networking sites.
"So far, the K-Card cards of the intelligence services have not been handed over, and what has been circulated on the social media sites regarding the withdrawal of these cards from the associates is completely untrue," she said in a statement.
The communique called for "not to deal with those news that attempts to disrupt the achievements or underestimate the importance of the success of the project to settle salaries."
He stressed that "the employees of intelligence assistants are still receiving their salaries according to the system of financial powder, and everything that is traded with the intention of making accusations is not true."
*************
ARTICLE 5
A "dangerous" da'ja, revealed the location of al-Baghdadi and the Americans refrained from targeting him
2019/6/1 14:08
[Follow-up]
The former senior prisoner in Dahesh, or Sayyaf, plays a role in helping US intelligence track down a gang leader and urging Abu Bakr al-Baghdadi to help locate his hiding places. At times, he has located his exact location in the northern Iraqi city of Mosul.
In a detention camp in Iraq's Kurdish city of Arbil, the British newspaper The Guardian conducted its first interview with Nasreen Asaad Ibrahim, known as Umm Sayaf, who is sentenced to death in Iraq and described as the most feared prisoner.
Umm Sayyaf was captured in 2015 in an operation by US special forces in the oil field of Deir al-Zour, where her husband, Fathi bin Aoun bin Gladi Murad of Tunisia, known as Abu Sayyaf, the oil minister in Dahesh and a close friend of Baghdadi, was killed.
Umm Sayyaf confirmed to the newspaper that she had met repeatedly with al-Baghdadi, because she was the wife of one of the organization's top officials.
Kurdish officials told the newspaper that Umm Sayyaf, 29, initially refused to cooperate with investigators, but in early 2016, after hours of questioning, began revealing to the CIA and Kurdish intelligence secret information Very sensitive "about the pundit and his leader. Her information is said to have helped in the hunt for al-Baghdadi.
Kurdish officials confirmed to the newspaper that in February 2016 they were about to arrest al-Baghdadi, where Umm Sayyaf revealed a house in Mosul believed to have been hiding there, but US officials decided not to target the house.
I told them from the prison, "I told them where the house was, I knew it was there because it was one of the houses for his stay, and one of the places I loved so much."
Baghdadi declared the "Caliphate" in large areas of Syria and Iraq in 2014. But he has not shown much since he began to advocate losing his control steadily. But he appeared last month for the first time in five years, admitting defeat to his group.
The Guardian says US and Kurdish intelligence have found in Umm Sayyaf an important source of information about Baghdadi. Umm Sayaf speculated that al-Baghdadi is now in Iraq, explaining that he always feels safe in this country, unlike Syria.
Murder and murder of Mueller.
The Guardian noted that the mother of Sayyaf was involved in brutal crimes, including the abduction of Yazidi women and girls and US relief worker Kayla Mueller, and their rape by Baghdadi and other leaders of Daash.
US aid worker Mueller was brought to her home in the eastern town of al-Shaddadi in September 2014, at about the same time, when Yazidi minority girls were abducted for use as a spy, Nisreen said.
She pointed out that she did not want to hold Mueller in her home.
"There was a different treatment for the IZM, there was a budget for her, pocket money to buy what she wanted from the store," she said. "She was a nice girl and I loved her, she was very respectful and I respected her ... One thing I would say is that she was very good at hiding her grief and pain."
Nasreen confirmed that she saw Mueller for the last time the end of 2014, when Baghdadi arrived from Iraq. "He took her with him in a simple Kia car he was driving and headed for Al-Rigga," she said.
Three months later, I saw a news report about Mueller's death.
Da'ash fighters claimed that Mueller, who was kidnapped in the Syrian city of Aleppo in August 2013, was killed in a coalition air strike in February 2015 and buried under the rubble. But US officials say the circumstances of her death are still unclear, and Muller was 26.
No comments:
Post a Comment