WOTS Tuesday 6/25/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1180.0000 | 1180.0000 | | 08:27 |
| USD/VND | | | 23290.0000 | 23256.7900 | 23256.9600 | | 10:34 |
| USD/CNY | | | 6.8819 | 6.8667 | 6.8689 | | 11:01 |
| USD/KWD | | | 0.3037 | 0.3024 | 0.3029 | | 11:09 |
| GBP/USD | | | 1.2742 | 1.2719 | 1.2741 | | 16:49 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 19:01 |
| USD/IDR | | | 14183.0000 | 14135.0000 | 14139.0000 | | 16:47 |
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DC NY Iraq Articles:ddddd
The House of Representatives adjourns its meeting for half an hour due to lack of quorum
Release date: 2019/6/25 11:22 • 68 times read
{Baghdad: Al Furat News} The Iraqi Council of Representatives, on Tuesday, postponed the holding of its half an hour.
A parliamentary source, told the {Euphrates News}, "The parliament decided to postpone its meeting for today, half an hour."
The source attributed the reason to the "non-quorum of its contract"
The source attributed the reason to the "non-quorum of its contract"
Powers: Our support for Abdul Mahdi is conditional and the parliament will extend the June 30 deadline
Editorial date:: 2016/6/24 23:54 • 466 times read
(Baghdad: al-Furat News) spokesman for the coalition of Iraqi forces, Faleh al-Issawi, that the support of his alliance to Prime Minister Adel Abdul-Mahdi conditional. "
Al-Issawi told the program of "forbidden from the offer", "Abdul-Mahdi success in fighting corruption, although he was able to reduce it and our support depends on the processing of files as we support the implementation of the government program, especially in foreign relations," stressing that "Abdul Mahdi does not bear alone all the accumulations, Political. "
He added that "what happened in the parliament session Monday of a vote on the candidates for the rest of the cabin is the best since the first session was the orientation of the President of the vote for all because the names nominated by the Prime Minister."
Issawi pointed out that "some forces did not vote for the candidate of education {Safana Hamdani} because of personal problems between some members of the alliance of forces with the head of the Arab project Khamis Khanjar and non-voting has a personality."
"From the beginning, we said we have electoral and component benefits that we will not give up and that the nominations of the Ministry of Defense and Interior in 2018 there was a clear coordination between the political blocs and Abdul Mahdi, who gave him the freedom to choose one of the names.
"We support the opposition, which is performing the government's performance and exposing corruption, and there are young Sunni leaders who removed the senior Sunni leaders and our families as young leaders when we were in the axis because of files belonging to the senior Sunni leaders and freedom is absent and we did not have a Sunni problem but in international pressures."
Issawi said that "the Alliance of Asron says it is not participating in the government, despite receiving positions," noting that "the deadline for voting on special grades on June 30 is a paragraph applicable and the House of Representatives will vote extension."
He added that "what happened in the parliament session Monday of a vote on the candidates for the rest of the cabin is the best since the first session was the orientation of the President of the vote for all because the names nominated by the Prime Minister."
Issawi pointed out that "some forces did not vote for the candidate of education {Safana Hamdani} because of personal problems between some members of the alliance of forces with the head of the Arab project Khamis Khanjar and non-voting has a personality."
"From the beginning, we said we have electoral and component benefits that we will not give up and that the nominations of the Ministry of Defense and Interior in 2018 there was a clear coordination between the political blocs and Abdul Mahdi, who gave him the freedom to choose one of the names.
"We support the opposition, which is performing the government's performance and exposing corruption, and there are young Sunni leaders who removed the senior Sunni leaders and our families as young leaders when we were in the axis because of files belonging to the senior Sunni leaders and freedom is absent and we did not have a Sunni problem but in international pressures."
Issawi said that "the Alliance of Asron says it is not participating in the government, despite receiving positions," noting that "the deadline for voting on special grades on June 30 is a paragraph applicable and the House of Representatives will vote extension."
Victory holds the government responsible for the legal breach of the budget for the region's refusal to pay oil revenues
25/06/2019 19
The coalition of victory, on Tuesday, the government full responsibility for the "legal breach" of the federal budget law regarding the failure of the authorities of the Kurdistan region to pay oil imports to the federal authorities.
The coalition said in a statement received "Kalgamesh Press" a copy of it, "The authorities of the region requires payment of debts of the region and others in return for delivery of oil imports contrary to the decisions of the Federal Court, and the budget law, which came in its favor originally.
The coalition of victory that "the national wealth and the sovereignty of the state and the rights of the people of the Arabs and Kurds and Turkmen and other components are not the property of the local authorities and central to do what it wants, which is the responsibility and the highest interests of the people and the state."
"The continuation of the violations and the decline and the weakness of the government will push the victory to declare the total opposition to the government and demands its dissolution and the formation of a new government able to fulfill its national responsibilities."
Parliament rejects the nomination of Safana al-Hamdani for the education portfolio
Iraq: New defense, interior and justice ministers are sworn in
Tuesday, 25 June 2019
The new ministers of defense, interior and justice in the government of Adel Abdulmahdi were sworn in for their new positions in front of the Iraqi parliament yesterday.
The parliament voted earlier in the day to choose Najah al-Shammari as defense minister and Yasin al-Yasiri as minister of interior. The council also approved the selection of Farooq Amin as justice minister, while al-Hamdani did not receive the council's approval. To vote again, according to parliamentary sources.
The Iraqi parliament has started its 26nd session and included the agenda of the meeting to complete the vote on the ministerial lineup, and also vote on the law to restore the members of the interior and defense to service.
Al-Shammari, like all former Iraqi defense ministers since 2003, is from the northern city of Mosul and was a military commander in the counterterrorism agency.
As for Shawani, he is a Kurdish nationalist who has won the justice portfolio, according to the political distribution of the sects, which is a custom rather than a law in Iraq, which gives the prime minister to the Shiites and the parliament for the year and the presidency of the republic to the Kurds.
The parliament's vote comes days after President Barham Saleh hosted the third periodic meeting of the political leaders in the presence of Prime Minister Adel Abdul-Mahdi. He pointed out that it was agreed that the ministerial cabin should be completed within a maximum period of two weeks, The political parliament to overcome the differences and avoid these bottlenecks in such circumstances
Iraq, Iran Seek Kurdistan's Help to Find Victims of the Eight-year War
Iran and Iraq are seeking the Kurdistan Region's assistance in finding the bodies of the victims of the Eight-year War between the two countries which occurred in the 1980s, an official said.
Officials from the Kurdistan Region's Ministry of Martyrs and Anfal with their Iraqi and Iranian counterparts have met and discussed the subject of discovering several mass graves in Iraq which are believed to have been located in the Kurdistan Region's border areas, Baravan Hamdi, the head of the ministry's directorate, told BasNews.
The Iranian officials revealed that the fate of about 23,000 bodies of their soldiers has so far remained unclear.
"In return, we have demanded help from them in exhuming the mass graves of the Yezidis in Sinjar and other areas," Hamdi said.
"In return, we have demanded help from them in exhuming the mass graves of the Yezidis in Sinjar and other areas," Hamdi said.
Officially .. Shammari takes up his post as defense minister
Date of release: 2019/6/25 11:17 • 169 times read
(Baghdad: Al-Furat News) Minister of Defense Najah Hassan Ali Al-Shammari, Tuesday, officially assumed his duties at the ministry's headquarters.
A source familiar with the agency {Euphrates News}, "The Minister of Defense Najah Hassan Ali al-Shammari formally assume today, his duties at the ministry."
The House of Representatives had voted, in its regular session, on Monday, to give confidence to the new Minister of Defense Najah al-Shammari
The House of Representatives had voted, in its regular session, on Monday, to give confidence to the new Minister of Defense Najah al-Shammari
Kauaihn Iraq Articles:dd
Saroun announces his support for the defense and interior ministers
Date of release: 2019/6/25 9:20 • 208 times read
(Baghdad: al-Furat News) The MP announced the alliance of the Suran Burhan al-Mamouri, on Tuesday, the support of his alliance to the Ministers of Defense and the Interior through the enactment of laws.
Al-Maamouri said in a statement received by Al-Furat News that "after difficult labor and difficult tours, patience and long-suffering were named ministers of the Interior and Defense after the Nala the confidence of the House of Representatives in one of the most important sessions of the second legislative term."
Al-Mamouri said that "the vote during the session of the House of Representatives on the choice of" Yassin Yasiri "Minister of Interior and" Najah al-Shammari "as defense minister is a step in the right direction and a reassuring message to all.
He added that "the two ministers now have a difficult and serious task to prove their allegiance to the homeland and the Iraqi people only, and to take rapid steps to preserve the security achievement and support its stability after it has made precious blood and sacrifices to achieve it."
He continued: "We hope that the ministers of interior and defense at the good thought of representatives of the people, and we will be supportive of them as we can through the legislation of laws that contribute to upgrading the security file and commensurate with the level of internal and external challenges facing the country."
Al-Mamouri said that "the vote during the session of the House of Representatives on the choice of" Yassin Yasiri "Minister of Interior and" Najah al-Shammari "as defense minister is a step in the right direction and a reassuring message to all.
He added that "the two ministers now have a difficult and serious task to prove their allegiance to the homeland and the Iraqi people only, and to take rapid steps to preserve the security achievement and support its stability after it has made precious blood and sacrifices to achieve it."
He continued: "We hope that the ministers of interior and defense at the good thought of representatives of the people, and we will be supportive of them as we can through the legislation of laws that contribute to upgrading the security file and commensurate with the level of internal and external challenges facing the country."
Foreign Minister discusses with his German counterpart the crises of the Middle East and stability in the region
Editorial date: 2019/6/25 11:21 • 72 times read
Foreign Minister Mohammed Ali al-Hakim and his German counterpart Haiku Mas discussed Tuesday the crises in the Middle East and the importance of launching initiatives to end the conflict and achieve stability in the region.
The foreign ministry said in a statement received by Al-Furat News that "Foreign Minister Mohammed Ali al-Hakim had a telephone conversation with his German counterpart Haiku Mas, and dealt with all subjects of interest to both countries."
The two sides exchanged views on a number of issues, including: the crises facing the Middle East, the importance of providing effective political solutions, and initiatives aimed at ending the conflict, achieving security and stability in this sensitive region worldwide.
He added that Hakim "praised the bilateral relations between the two countries and looked forward to the next stage witnessing a qualitative leap in various fields of cooperation, which is a major development in bilateral relations."
The two sides exchanged views on a number of issues, including: the crises facing the Middle East, the importance of providing effective political solutions, and initiatives aimed at ending the conflict, achieving security and stability in this sensitive region worldwide.
He added that Hakim "praised the bilateral relations between the two countries and looked forward to the next stage witnessing a qualitative leap in various fields of cooperation, which is a major development in bilateral relations."
Inspector General of the Interior demands not to interfere with his investigations with the head of corruption recently arrested
Date of release: 2019/6/25 10:31 • 174 times read
(Baghdad: Al Furat News) demanded Inspector General of the Interior, Tuesday, not to intervene in his investigations with the head of corruption was followed up three months ago and was arrested recently.
"All sides must not interfere and influence their investigations by uncovering the head of a major corruption that has been arrested by a quality operation carried out over three months ago to blackmail citizens and bribes in various ministries," the inspector's office said in a statement received by the Euphrates News. .
"He has all the evidence, information, confessions, video and audio recordings, and he will complete his investigations within a few days and announce them to public opinion," the office said.
"He has all the evidence, information, confessions, video and audio recordings, and he will complete his investigations within a few days and announce them to public opinion," the office said.
Al-Sadr: The Iraqi decision is still being issued from behind the border
Baghdad: Parliament gives confidence to ministers of defense, interior and justice
Published: 25/06/2019
BAGHDAD (Reuters) - Iraq's parliament on Monday gave confidence to three new ministers in the government of Adel Abdul-Mahdi, namely the interior, defense and justice portfolios, in a country that announced victory over a "hawkish" organization at the end of 2017, , While accused the leader of the Sadrist movement Moqtada al-Sadr, the government of Adel Abdul Mahdi, the inability to improve services at all, expressing regret that the decision in Iraq is still issued from behind the border.
The House of Representatives, yesterday, to take over Yasin Yasiri Ministry of Interior, Najah al-Shammari defense, Farouk Shawani justice. But the deputies refused at the same meeting to give confidence to the candidate of the education portfolio Safana Hamdani, is expected to hold a new session in the coming days to vote again, according to parliamentary sources said. Al-Shammari, like all former Iraqi defense ministers since 2003, is from the northern city of Mosul and was a military commander in the counterterrorism agency. As for Shawani, he is a Kurdish nationalist who has won the justice portfolio, according to the political distribution of the sects, which is considered a custom rather than a law in Iraq. According to parliamentary sources, «the completion of the line the government represents a good step in order to start providing services to citizens, as well as that this step closed the door to a lot of political upheavals, whether between the blocks, or within the parliament».
"I put a number of important points in the hands of the people to be fully aware of what is going on behind the political and parliamentary scenes," Sadr said in a tweet posted on his official Twitter account. "They insist on sectarian, ethnic, , And the rooting of a deep old and new state ». He stressed that «the government is unable to improve services at all», pointing out that «the politicians are still determined to benefit themselves through parliamentary votes». "We hoped that the patriotism of the country would be the most important feature of the government, and that the decision would be Iraqi, but unfortunately, the decision is still being made from behind the border," he said, adding that "there is someone feeding the regional conflict with wood and fuel to put Iraq at risk." He called on the government to "work to find quick solutions to protect demonstrators if they demonstrate peacefully," noting that "the Anti-Corruption Council is still a shy and complicated work." He stressed the need to «activate the protection of all borders, not only from the security, but even from the economic and social», calling for «strengthen the army and the police and the security forces more». "If the Peace Brigades are an obstacle to this, I am ready for any decision on this matter," he concluded.
The House of Representatives, yesterday, to take over Yasin Yasiri Ministry of Interior, Najah al-Shammari defense, Farouk Shawani justice. But the deputies refused at the same meeting to give confidence to the candidate of the education portfolio Safana Hamdani, is expected to hold a new session in the coming days to vote again, according to parliamentary sources said. Al-Shammari, like all former Iraqi defense ministers since 2003, is from the northern city of Mosul and was a military commander in the counterterrorism agency. As for Shawani, he is a Kurdish nationalist who has won the justice portfolio, according to the political distribution of the sects, which is considered a custom rather than a law in Iraq. According to parliamentary sources, «the completion of the line the government represents a good step in order to start providing services to citizens, as well as that this step closed the door to a lot of political upheavals, whether between the blocks, or within the parliament».
"I put a number of important points in the hands of the people to be fully aware of what is going on behind the political and parliamentary scenes," Sadr said in a tweet posted on his official Twitter account. "They insist on sectarian, ethnic, , And the rooting of a deep old and new state ». He stressed that «the government is unable to improve services at all», pointing out that «the politicians are still determined to benefit themselves through parliamentary votes». "We hoped that the patriotism of the country would be the most important feature of the government, and that the decision would be Iraqi, but unfortunately, the decision is still being made from behind the border," he said, adding that "there is someone feeding the regional conflict with wood and fuel to put Iraq at risk." He called on the government to "work to find quick solutions to protect demonstrators if they demonstrate peacefully," noting that "the Anti-Corruption Council is still a shy and complicated work." He stressed the need to «activate the protection of all borders, not only from the security, but even from the economic and social», calling for «strengthen the army and the police and the security forces more». "If the Peace Brigades are an obstacle to this, I am ready for any decision on this matter," he concluded.
Kirkuk: 14 IS Insurgents Killed, Senior Member Captured
BasNews 25/06/2019 - 00:43 Published in Iraq
ERBIL - The Iraqi security forces managed on Monday to kill 14 members of the Islamic State (IS) in the disputed Kurdish province of Kirkuk, while capturing a leader of the militant group in the area.
The extremists were targeted during an operation by the counter-terrorism forces who were backed by the US-led international coalition warplanes, the Security Media Cell said in a statement.
No further details were given in the statement.
Meanwhile, the forces also captured a leader of the IS group in Kirkuk province.
He was arrested in the neighborhood of al-Wehda, in central Kirkuk, while a large proportion of weapons was also seized in the military campaign.
Kauaihn Economic Times:
Senate enables 'extremely hasty bill' to change trade rules
On the day the Senate rushed through legislation to temporarily suspend one of Canada's international trade obligations — citing fears of as-yet-unspecified "surges" — Donald Trump sat beside Justin Trudeau and said the current trade situation for North American steel is "very well taken care of."
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Trump has been putting pressure on his Fed chief for nearly a year — and it’s raising serious questions about how the central bank is supposed to function
President Donald Trump and Fed Chair Jerome Powell. Politicians often like lower interest rates because they can give the economy a lift, shoring up voter support. But economists say politicized central banks lead to high levels of inflation and erodes trust among investors and creditors. Trump has nevertheless stepped up pressure on the Federal Reserve and its chairman Jerome Powell in recent weeks as his trade policies threaten to hurt the American economy. View Markets Insider's homepage for
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Facing intensifying confrontation with Iran, Trump has few appealing options
The administration is relying first on economic sanctions to change Tehran’s behavior. But it continues to weigh military or cyberattacks.
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Trump learns it’s not always easy going it alone
The president’s unilateral actions on Iran, North Korea and China have often left him forging ahead alone on several critical foreign policy issues.
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ETF investors have been opting for emerging markets, gold: ETF expert
CNBC's "Closing Bell" team breaks down how markets are trading and how investors should get involved with Charlie Bobrinskoy from Ariel Investments and Tom Lydon of ETF Trends.
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Facebook's Libra: Emerging Markets and 'Microtransactions' Might Hold the Key
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Virtus Investment Partners Launches Virtus SGA Emerging Markets Growth Fund Managed by Sustainable Growth Advisers
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Republic of Peru Announces Settlement of Tender Offers
LIMA, Peru, June 20, 2019 /PRNewswire/ -- The Republic of Peru ("Peru"), in accordance with its previously-announced offer (the "Offer") dated June 12, 2019, to purchase for cash (i) outstanding U.S. Dollar-Denominated Global Bonds and Euro-Denominated Global Bonds (together, the "Global Bonds"), and (ii) sovereign bonds or bonos soberanos (the "Bonos Soberanos"), including Bonos Soberanos in...
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American tourists are canceling their trips to Dominican Republic following deaths: report
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Iraqi parliament approves defense, interior, justice ministers: lawmakers
Iraq's parliament approved on Monday three more ministers, including the defense and interior portfolios put forward by Prime Minister Adel Abdul-Mahdi, lawmakers said.
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Gulf tensions: Iraq worried about impact on its economy
Iraq exports around 3.5 million barrels of oil a day. Heightened regional tensions between the US and Iran and recent attacks on oil tankers in the Gulf have heightened security fears. The government of Iraq is worried about the threat to its oil exports - and how its economy could suffer. Al Jazeera's Charles Stratford reports.
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Rouhani says U.S. drone's "intrusion" stokes tensions in Gulf
President Hassan Rouhani onSunday accused the United States of stoking tensions in the Gulfthrough what Iran has called the violation of its airspace by aU.S. military drone, which Tehran shot down, the semi-officialFars news agency reported.
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Iran to scale back nuclear deal compliance unless Europe moves - diplomat
Iran may further scale backcompliance with its nuclear deal soon unless European countriesshield it from U.S. sanctions through a trade mechanism, thehead of Tehran's Strategic Council on Foreign Relations wasquoted as saying on Sunday.
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US 'launched cyber-attack on Iran weapons systems'
The hack targeted computers running rocket and missile launchers, sources tell US media outlets.
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Bolton to Iran: Don't mistake 'US prudence and discretion for weakness'
U.S. national security adviser John Bolton had a message for Iran on Sunday during his visit to Israel: He advised the leaders of the Islamic nation not to "mistake U.S. prudence and discretion for weakness."
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Saudi Arabia launches special residency scheme for expats
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Africa: 'With the Continental Free Trade Area, We Are Creating Our Own Future'
(Photo: allAfrica) Moscow allAfrica sat down with Ambassador Albert M. Muchanga, African Union Commissioner for the Department of Trade and Industry, while at the Afreximbank meetings in Russia. Muchanga speaks on the progress of the African Continental Free Trade Agreement (AfCFTA), the perception that the reality on the ground may hold up the implementation of the trade deal and how Africa will no longer hold a "begging bowl"... Right now we have 52 countries that have signed the agreement (
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Zimbabwe Telecom Delegation Visits China at the Invitation of Gold Grace for Potential China-Zimbabwe Cooperation
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Toolkit guides African governments to multiply earnings from national parks
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IMF predicts double-digit economic growth for Mozambique from 2023
The International Monetary Fund (IMF) has projected that Mozambique will record double-digit economic growth starting in 2023, when the consortium led by multinational oil company ENI in the Rovuma basin is expected to begin production of liquefied natural gas (LNG), in the northern province of Cabo Delgado. IMF representative in Mozambique Ari Aisen told the...
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Southeast Asian leaders emphasize economic strength in face of U.S.-China tensions
Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their positions amid growing U.S.-China tensions, as they wrapped up this year's first summit in Bangkok.
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Money Makes the World Go 'Round
We are confident that the Fed will act soon to sustain our economic growth.In fact, all of the monetary authorities are willing to step up to the plate.These moves will ultimately boost the value of financial assets.
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The biggest news you missed this weekend
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The Inverse Head And Shoulders Pattern Of The Gold Price: Is It For Real?
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PRECIOUS-Gold holds near 6-year peak on weaker dollar, Middle East tensions
Gold prices extended gains in earlyAsian trade on Monday, hovering near a six-year peak touched inthe previous session, as a weaker dollar and heightened tensionsbetween the United States and Iran underpinned the preciousmetal.
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Why gold’s breakout rally might signal the end of a long bull market for the U.S. dollar
The U.S. dollar rally is starting to roll over, but it’s hard to tell whether global central banks are feeding disdain for all major currencies, says one analyst.
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Gold Enters The Manic Phase Of Its Rally
Gold's move to a 6-year high likely represents a "blow-off" is underway.This means investors should be on high alert for a temporary top.Gold mining stocks continue to benefit from rising internal momentum.
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Solar energy use is making major headway around the world
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Fed says largest banks would survive crisis, in latest tests
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RPT-Baoshang failure takes a toll in China's interbank markets as contagion fears grow
(Repeats Friday item with no change to text)
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Competition ends an unpopular bank fee
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Sharjah Islamic Bank eyes double-digit loan growth, up to $500 million bonds
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Credit card details are being sold on the dark web for just one cent
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A high-yield checking account can help you earn more on the money you use every day, as long as you know exactly what you're signing up for
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Central Banks Are Using Blockchain To Stabilize The Global Financial System
While much has been written about the tensions between cryptocurrencies and central banks, in truth, we might be witnessing an ongoing Hegelian dialectic with the global financial system as thesis, cryptocurrency as anti-thesis, and the synthesis of the two yet to come.
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SunTrust Bank Goes Fintech with Online Lending from LightStream
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Goldman Sachs plans to disrupt banking like Amazon did retail, Apple in music
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The 7 bad financial habits DIY investors must break
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Here's what killed value investing
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3 Things to Watch in the Stock Market This Week
Look for Nike, Constellation Brands, and McCormick stocks to make big moves over the next few trading days in advance of earnings reports late in the week.
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S&P 500 gains aren’t large enough to prove the market is in a bubble
Believing all this talk about a stock market bubble can land you in real trouble.
Read in MarketWatch: https://apple.news/AFXfW_
Top 5 Things to Know in the Market on Monday
Economy Jun 24, 2019 09:42 GMT Investing.com - Here are the top five things you need to know in financial markets on Monday, June 24: 1. Oil rises as U.S. set to announce more sanctions on Iran U.S. crude extended last week’s rally as U.S.-Iran tensions remained in sharp focus. U.S. President Donald Trump said last week that he called off a military strike in response to Iran’s shooting down an unmanned U.S. drone, while the escalation of tensions sent West Texas Intermediate oil up around 10%
Read in Investing.com: https://apple.news/
Bond Mania Makes Equities Look More Attractive
Runaway bond price rally is pushing yields to unfavorably low levels.S&P 500 earnings yield is far more attractive compared to bond yields.Investors will soon recognize the yield advantage of stocks over bonds.
Read in Seeking Alpha: https://apple.news/
Weekly Digest: From Bitcoin to $10k to Facebook's 'Cryptocurrency'
This week has been a rollercoaster for bitcoin and the rest of the cryptocurrency market, with new regulatory task forces, tech giant cryptocurrencies, IPOs, and YTD-highs breaking the headlines. Bitcoin Price Goes From Strength To Strength After entering the week on a high (a 13-month high at that), bitcoin managed to finish off the week even higher. Most notably, bitcoin price broke through the psychological $10k mark; a level which we haven’t seen in over 15 months. So how did it get there?
Read in Bitcoinist.net: https://apple.news/
Southeast Asian leaders emphasize economic strength in face of U.S.-China tensions
Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their positions amid growing U.S.-China tensions, as they wrapped up this year's first summit in Bangkok.
Read in Reuters: https://apple.news/
Bitcoin's price surge could be due to institutions accumulation, but users speculate something shady
Bitcoin's price jumped from $10k to $11k within a few hours and the entire market has been preparing for the coin to hit $20k next. However, the activities behind the pump of the king coin have raised concerns for investors and the crypto community. As Bitcoin's price started to approach $10k, Tether Treasury minted almost...
Read in AMBCrypto: https://apple.news/
The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?
Bitcoin, ethereum, Ripple's XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the psychological $10,000 per bitcoin mark to highs of $11,200...
Read in Forbes: https://apple.news/AKg_uFGK5T-
Large-scale crypto assets under management seek custodial refuge in exchanges not wallets
With the cryptocurrency industry riding a massive bullish wave as Bitcoin, after 15-long months, broke the $10,000 mark, the question of safety has once again surfaced. Large Assets under Management [AUM] or those accounting for in excess of $25 million in funds are opting for exchanges over hot and cold wallets for their protection. This...
Read in AMBCrypto: https://apple.news/
Bitcoin churns below $11,000 after briefly clearing highest point in year-plus
After reaching the $10,000 mark for the first time in more than a year Friday, the price of bitcoin briefly surged above $11,000 on Saturday but was struggling to push past the fresh threshold in Sunday trading.
Read in MarketWatch: https://apple.news/
Forex - U.S. Dollar Extends Losses on Dovish Fed; G-20 Summit in Focus
Forex Jun 24, 2019 05:19 GMT Investing.com - The U.S. dollar extended losses on Monday in Asia after trading lower for three straight sessions as the U.S. Federal Reserve signalled it was prepared to cut interest rates later this year to counter a global economic slowdown, exacerbated by global trade tensions. The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.1% to 95.643 by 1:18 AM ET(05:18 GMT). The focus this week will be whether Washington and
Read in Investing.com: https://apple.news/
Forex - Euro Hits 3-Month Highs vs. Dollar on Fed Rate Cut View
Forex Jun 24, 2019 07:14 GMT Investing.com - The euro rose to its highest level in three months against the U.S. dollar on Monday as the greenback remained on the back foot amid expectations for the Federal Reserve to cuts interest rates later this year. The euro built on gains from last week, when it added 1.4%, and rose to 1.1387 overnight, its highest since March 22. It was trading at 1.1379 by 03:12 AM ET (07:12 GMT). The U.S. dollar index versus a basket of six major currencies was a shade
Read in Investing.com: https://apple.news/
Will GBP/USD Break Out?
The pound sterling is currently trading at key levels; at the top of an apparent trading range that was established in May 2019.Spreads are improving massively, in favor of the pound. This would lend support to a breakout to the upside.However, political and economic risk reigns supreme. Despite exploding yield spreads, the average yield (calculated by this author) remains negative.The U.K. remains under pressure, a negative trend in net Foreign Direct Investment, and overwhelmingly negative
Read in Seeking Alpha: https://apple.news/AwQc8-
Sterling, a Global Leader in Background Screening Services, Launches 'Sterling Identity'
NEW YORK, June 21, 2019 /PRNewswire/ -- Sterling, a leading provider of background and identity services, today announced the launch of Sterling Identity, a business unit focused on identity and biometric solutions. Sterling Identity's new solution, VerifyID—a powerful and flexible identity verification solution for businesses, is now available to gig economy customers via API and will...
Read in The Chestnut Post: https://apple.news/AVehkH_
EUR/JPY To Find Selling Pressure
The euro is one of the most traded currencies in the world. Yet, due to associated political and economic risks, a strong euro is a risk-on signal.The Japanese yen is different in that it is viewed as a risk-off, safe-haven currency. The EUR/JPY pair is therefore an interesting barometer of global market risk sentiment.The EUR/JPY pair has recently spiked, and stocks have recovered in recent weeks. Yet, the carry on euro pairs remains negative, and ECB policy should uphold long-term selling
Read in Seeking Alpha: https://apple.news/
https://news.pindula.co.zw/
Zimbabwe: Shock As Govt Ends Multi-Currency
Government has ended the multi-currency regime that has been in place since 2009 after announcing that British Pound, United States dollars, South African rand and Botswana Pula are nolonger legal tender in Zimbabwe. In a Statutory Instrument 142 of 2019, the Minister of Finance and Economic Development Professor Mthuli Ncube said with effect from today the 24th of June, the Zimbabwe Dollar shall be the sole legal tender in all transactions. More to follow...
Read in AllAfrica: https://apple.news/
These 15 Low-Carb Dinners Are Perfect For Those Nights When You Have No Time to Cook
If you're on a low-carb diet, fast, flavorful dinner recipes are essential — and that's exactly what you'll find on this list. These meals run the gamut from lettuce wraps to soups to one-dish wonders, but they all have two things in common: they're ready in 30 minutes or less, and they'll help ke ...
Read in POPSUGAR: https://apple.news/
Up to 108 patients tested for hepatitis, HIV and cancer may be called back after system glitch at two Hong Kong public hospitalsAs many as 108 patients who underwent blood serum tests for hepatitis, HIV or cancer over the past year at two public hospitals in Hong Kong could be called back again after a system glitch was found in machines used for the procedures. The software error…
Read in South China Morning Post: https://apple.news/
Scientists have discovered a sea of fresh water under the ocean
Thousands of years ago, glaciers covered much of the planet. Oceans receded as water froze in massive sheets of ice blanketing the North American continent. As the ice age ended, glaciers melted. Massive river deltas flowed out across the continental shelf. The oceans rose, and fresh water was trapped in sediments below the waves. Discovered...
Read in Quartz: https://apple.news/AX_
Heart disease makes a deadly return among younger AmericansProgress against heart disease has stalled, driving down life expectancy in the U.S. after decades in which each generation lived longer than the one that came before, The Wall Street Journal's Betsy McKay reports (subscription).
Read in Axios: https://apple.news/
Trump Wants Your Employer to Ditch Its Health Care Plan
For years, opponents of Obamacare have been exercised by President Obama's supposed "Lie of the Year" for 2013: If you like your health care plan, you can keep it. This turned out to be untrue in a specific sense: you could keep your plan if your insurance company continued to offer it. However, many insurance...
Read in Mother Jones: https://apple.news/Ag-
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/ARJ8_
Money Makes the World Go 'Round
We are confident that the Fed will act soon to sustain our economic growth.In fact, all of the monetary authorities are willing to step up to the plate.These moves will ultimately boost the value of financial assets.
Read in Seeking Alpha: https://apple.news/AE_
The biggest news you missed this weekend
Iran, ICE raids and "Dog the Bounty Hunter": Here's what to know from the weekend.
Read in USA TODAY: https://apple.news/
OIL/COMMODITIES/ENERGY
The Inverse Head And Shoulders Pattern Of The Gold Price: Is It For Real?
Technical analysis of the monthly gold price chart's inverse head and shoulders pattern -- and related mining stocks. 5 price charts.
Read in Forbes: https://apple.news/
PRECIOUS-Gold holds near 6-year peak on weaker dollar, Middle East tensions
Gold prices extended gains in earlyAsian trade on Monday, hovering near a six-year peak touched inthe previous session, as a weaker dollar and heightened tensionsbetween the United States and Iran underpinned the preciousmetal.
Read in Reuters: https://apple.news/
Why gold’s breakout rally might signal the end of a long bull market for the U.S. dollar
The U.S. dollar rally is starting to roll over, but it’s hard to tell whether global central banks are feeding disdain for all major currencies, says one analyst.
Read in MarketWatch: https://apple.news/AjX5znz0bS-
Gold Enters The Manic Phase Of Its Rally
Gold's move to a 6-year high likely represents a "blow-off" is underway.This means investors should be on high alert for a temporary top.Gold mining stocks continue to benefit from rising internal momentum.
Read in Seeking Alpha: https://apple.news/
Solar energy use is making major headway around the world
As the U.S. solar market continues to grow, a new report offers a nice snapshot of the global picture on solar and other renewables.
Read in Axios: https://apple.news/
BANKS/BANKING/CREDIT
Fed says largest banks would survive crisis, in latest tests
Federal Reserve says 18 of the nation's largest and most complex banks strong enough to withstand a severe economic downturn
Read in ABC News: https://apple.news/
RPT-Baoshang failure takes a toll in China's interbank markets as contagion fears grow
(Repeats Friday item with no change to text)
Read in Reuters: https://apple.news/A-
Competition ends an unpopular bank fee
Many small depositors have long complained about being charged by banks because they have too little money in their account. The lack of competition in the industry means people have no choice but to put up with fees that eat into their meagre savings…
Read in South China Morning Post: https://apple.news/
Sharjah Islamic Bank eyes double-digit loan growth, up to $500 million bonds
Sharjah Islamic Bank (SIB), which will conclude in London on Monday a series of investor meetings ahead of an Islamic dollar bond sale, is targeting double-digit loan growth this year, a bank's executive told Reuters.
Read in Reuters: https://apple.news/
Credit card details are being sold on the dark web for just one cent
Credit card, Netflix, premium porn sites login, and bank account details are being sold on the dark web for as little as one cent.
Read in Daily Mail: https://apple.news/
A high-yield checking account can help you earn more on the money you use every day, as long as you know exactly what you're signing up for
Rawpixel / Getty Images High-yield checking accounts that offer more than 2% APY are becoming more common. However, many come with balance or deposit minimums, or require a customer use the bank's bill-pay service or have paychecks deposited directly in order to get the APY. High-yield checking accounts can be a great way to earn more interest on your spending money, but read the fine print and research diligently to make sure the account you want fits your lifestyle.
Read in My San Antonio: https://apple.news/AS-
Central Banks Are Using Blockchain To Stabilize The Global Financial System
While much has been written about the tensions between cryptocurrencies and central banks, in truth, we might be witnessing an ongoing Hegelian dialectic with the global financial system as thesis, cryptocurrency as anti-thesis, and the synthesis of the two yet to come.
Read in Forbes: https://apple.news/
SunTrust Bank Goes Fintech with Online Lending from LightStream
Online lending is the future. Everybody knows that. It is easier, faster, and more convenient for both lender and borrower. Over the past decade or so, a good number of direct lenders, be they balance sheet, marketplace or other, have cropped up to service the... Read More The post SunTrust Bank Goes Fintech with Online Lending from LightStream appeared first on Crowdfund Insider.
Read in Crowdfund Insider: https://apple.news/
Goldman Sachs plans to disrupt banking like Amazon did retail, Apple in music
“There is no reason why you need to walk to a branch to do banking," a top Goldman Sachs executive says.
Read in Yahoo Finance: https://apple.news/AW-
TREASURIES/BONDS/STOCKS
The 7 bad financial habits DIY investors must break
When it comes to investing in the stock market, the British public have never had it so easy. But being able to invest and building a portfolio that's made to last are not the same thing.
Read in Daily Mail: https://apple.news/
Here's what killed value investing
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.
Read in CNBC: https://apple.news/
3 Things to Watch in the Stock Market This Week
Look for Nike, Constellation Brands, and McCormick stocks to make big moves over the next few trading days in advance of earnings reports late in the week.
Read in The Motley Fool: https://apple.news/
S&P 500 gains aren’t large enough to prove the market is in a bubble
Believing all this talk about a stock market bubble can land you in real trouble.
Read in MarketWatch: https://apple.news/AFXfW_
Top 5 Things to Know in the Market on Monday
Economy Jun 24, 2019 09:42 GMT Investing.com - Here are the top five things you need to know in financial markets on Monday, June 24: 1. Oil rises as U.S. set to announce more sanctions on Iran U.S. crude extended last week’s rally as U.S.-Iran tensions remained in sharp focus. U.S. President Donald Trump said last week that he called off a military strike in response to Iran’s shooting down an unmanned U.S. drone, while the escalation of tensions sent West Texas Intermediate oil up around 10%
Read in Investing.com: https://apple.news/
Bond Mania Makes Equities Look More Attractive
Runaway bond price rally is pushing yields to unfavorably low levels.S&P 500 earnings yield is far more attractive compared to bond yields.Investors will soon recognize the yield advantage of stocks over bonds.
Read in Seeking Alpha: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Weekly Digest: From Bitcoin to $10k to Facebook's 'Cryptocurrency'
This week has been a rollercoaster for bitcoin and the rest of the cryptocurrency market, with new regulatory task forces, tech giant cryptocurrencies, IPOs, and YTD-highs breaking the headlines. Bitcoin Price Goes From Strength To Strength After entering the week on a high (a 13-month high at that), bitcoin managed to finish off the week even higher. Most notably, bitcoin price broke through the psychological $10k mark; a level which we haven’t seen in over 15 months. So how did it get there?
Read in Bitcoinist.net: https://apple.news/
Southeast Asian leaders emphasize economic strength in face of U.S.-China tensions
Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their positions amid growing U.S.-China tensions, as they wrapped up this year's first summit in Bangkok.
Read in Reuters: https://apple.news/
Bitcoin's price surge could be due to institutions accumulation, but users speculate something shady
Bitcoin's price jumped from $10k to $11k within a few hours and the entire market has been preparing for the coin to hit $20k next. However, the activities behind the pump of the king coin have raised concerns for investors and the crypto community. As Bitcoin's price started to approach $10k, Tether Treasury minted almost...
Read in AMBCrypto: https://apple.news/
The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?
Bitcoin, ethereum, Ripple's XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the psychological $10,000 per bitcoin mark to highs of $11,200...
Read in Forbes: https://apple.news/AKg_uFGK5T-
Large-scale crypto assets under management seek custodial refuge in exchanges not wallets
With the cryptocurrency industry riding a massive bullish wave as Bitcoin, after 15-long months, broke the $10,000 mark, the question of safety has once again surfaced. Large Assets under Management [AUM] or those accounting for in excess of $25 million in funds are opting for exchanges over hot and cold wallets for their protection. This...
Read in AMBCrypto: https://apple.news/
Bitcoin churns below $11,000 after briefly clearing highest point in year-plus
After reaching the $10,000 mark for the first time in more than a year Friday, the price of bitcoin briefly surged above $11,000 on Saturday but was struggling to push past the fresh threshold in Sunday trading.
Read in MarketWatch: https://apple.news/
CURRENCIES
Forex - U.S. Dollar Extends Losses on Dovish Fed; G-20 Summit in Focus
Forex Jun 24, 2019 05:19 GMT Investing.com - The U.S. dollar extended losses on Monday in Asia after trading lower for three straight sessions as the U.S. Federal Reserve signalled it was prepared to cut interest rates later this year to counter a global economic slowdown, exacerbated by global trade tensions. The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.1% to 95.643 by 1:18 AM ET(05:18 GMT). The focus this week will be whether Washington and
Read in Investing.com: https://apple.news/
Forex - Euro Hits 3-Month Highs vs. Dollar on Fed Rate Cut View
Forex Jun 24, 2019 07:14 GMT Investing.com - The euro rose to its highest level in three months against the U.S. dollar on Monday as the greenback remained on the back foot amid expectations for the Federal Reserve to cuts interest rates later this year. The euro built on gains from last week, when it added 1.4%, and rose to 1.1387 overnight, its highest since March 22. It was trading at 1.1379 by 03:12 AM ET (07:12 GMT). The U.S. dollar index versus a basket of six major currencies was a shade
Read in Investing.com: https://apple.news/
Will GBP/USD Break Out?
The pound sterling is currently trading at key levels; at the top of an apparent trading range that was established in May 2019.Spreads are improving massively, in favor of the pound. This would lend support to a breakout to the upside.However, political and economic risk reigns supreme. Despite exploding yield spreads, the average yield (calculated by this author) remains negative.The U.K. remains under pressure, a negative trend in net Foreign Direct Investment, and overwhelmingly negative
Read in Seeking Alpha: https://apple.news/AwQc8-
Sterling, a Global Leader in Background Screening Services, Launches 'Sterling Identity'
NEW YORK, June 21, 2019 /PRNewswire/ -- Sterling, a leading provider of background and identity services, today announced the launch of Sterling Identity, a business unit focused on identity and biometric solutions. Sterling Identity's new solution, VerifyID—a powerful and flexible identity verification solution for businesses, is now available to gig economy customers via API and will...
Read in The Chestnut Post: https://apple.news/AVehkH_
EUR/JPY To Find Selling Pressure
The euro is one of the most traded currencies in the world. Yet, due to associated political and economic risks, a strong euro is a risk-on signal.The Japanese yen is different in that it is viewed as a risk-off, safe-haven currency. The EUR/JPY pair is therefore an interesting barometer of global market risk sentiment.The EUR/JPY pair has recently spiked, and stocks have recovered in recent weeks. Yet, the carry on euro pairs remains negative, and ECB policy should uphold long-term selling
Read in Seeking Alpha: https://apple.news/
BREAKING: RBZ Reintroduces Zim Dollar, Bans Use Of All Foreign Currencies With Effect From 24 June 2019
The Reserve Bank of Zimbabwe has with effect from 24 June 2019, banned the use of foreign currencies as legal tender.
According to Statutory Instrument 142 of 2019, the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.
Zimbabwe: Shock As Govt Ends Multi-Currency
Government has ended the multi-currency regime that has been in place since 2009 after announcing that British Pound, United States dollars, South African rand and Botswana Pula are nolonger legal tender in Zimbabwe. In a Statutory Instrument 142 of 2019, the Minister of Finance and Economic Development Professor Mthuli Ncube said with effect from today the 24th of June, the Zimbabwe Dollar shall be the sole legal tender in all transactions. More to follow...
Read in AllAfrica: https://apple.news/
HEALTH/SCIENCE
As a form of cardio, running can be a valuable tool on your weight-loss journey. How much you run and the types of runs matter, so if you're looking for how often to run to get lean and lose fat, the answer is a little complicated — all the experts agree that it depends, starting at a couple times ...
Read in POPSUGAR: https://apple.news/
Read in POPSUGAR: https://apple.news/
These 15 Low-Carb Dinners Are Perfect For Those Nights When You Have No Time to Cook
If you're on a low-carb diet, fast, flavorful dinner recipes are essential — and that's exactly what you'll find on this list. These meals run the gamut from lettuce wraps to soups to one-dish wonders, but they all have two things in common: they're ready in 30 minutes or less, and they'll help ke ...
Read in POPSUGAR: https://apple.news/
Up to 108 patients tested for hepatitis, HIV and cancer may be called back after system glitch at two Hong Kong public hospitalsAs many as 108 patients who underwent blood serum tests for hepatitis, HIV or cancer over the past year at two public hospitals in Hong Kong could be called back again after a system glitch was found in machines used for the procedures. The software error…
Read in South China Morning Post: https://apple.news/
Scientists have discovered a sea of fresh water under the ocean
Thousands of years ago, glaciers covered much of the planet. Oceans receded as water froze in massive sheets of ice blanketing the North American continent. As the ice age ended, glaciers melted. Massive river deltas flowed out across the continental shelf. The oceans rose, and fresh water was trapped in sediments below the waves. Discovered...
Read in Quartz: https://apple.news/AX_
Heart disease makes a deadly return among younger AmericansProgress against heart disease has stalled, driving down life expectancy in the U.S. after decades in which each generation lived longer than the one that came before, The Wall Street Journal's Betsy McKay reports (subscription).
Read in Axios: https://apple.news/
Trump Wants Your Employer to Ditch Its Health Care Plan
For years, opponents of Obamacare have been exercised by President Obama's supposed "Lie of the Year" for 2013: If you like your health care plan, you can keep it. This turned out to be untrue in a specific sense: you could keep your plan if your insurance company continued to offer it. However, many insurance...
Read in Mother Jones: https://apple.news/Ag-
USA / CANADA
Senate enables 'extremely hasty bill' to change trade rules
On the day the Senate rushed through legislation to temporarily suspend one of Canada's international trade obligations — citing fears of as-yet-unspecified "surges" — Donald Trump sat beside Justin Trudeau and said the current trade situation for North American steel is "very well taken care of."
Read in CBC News: https://apple.news/
Trump has been putting pressure on his Fed chief for nearly a year — and it’s raising serious questions about how the central bank is supposed to function
President Donald Trump and Fed Chair Jerome Powell. Politicians often like lower interest rates because they can give the economy a lift, shoring up voter support. But economists say politicized central banks lead to high levels of inflation and erodes trust among investors and creditors. Trump has nevertheless stepped up pressure on the Federal Reserve and its chairman Jerome Powell in recent weeks as his trade policies threaten to hurt the American economy. View Markets Insider's homepage for
Read in Business Insider: https://apple.news/
Facing intensifying confrontation with Iran, Trump has few appealing options
The administration is relying first on economic sanctions to change Tehran’s behavior. But it continues to weigh military or cyberattacks.
Read in The New York Times: https://apple.news/ANuTIi_
Trump learns it’s not always easy going it alone
The president’s unilateral actions on Iran, North Korea and China have often left him forging ahead alone on several critical foreign policy issues.
Read in POLITICO: https://apple.news/A1Uc_
EMERGING MARKETS
ETF investors have been opting for emerging markets, gold: ETF expert
CNBC's "Closing Bell" team breaks down how markets are trading and how investors should get involved with Charlie Bobrinskoy from Ariel Investments and Tom Lydon of ETF Trends.
Read in CNBC: https://apple.news/
Facebook's Libra: Emerging Markets and 'Microtransactions' Might Hold the Key
Though the new cryptocurrency might only see limited success as a substitute for traditional credit card transactions, it could have a lot of potential in other financial domains. In the near-term at least, the Libra cryptocurrency may be less about taking the payment card industry head-on than addressing financial and payments use cases that credit cards are ill-equipped to. Here are a few key things to remember about Libra, which is set to launch in 2020 and is backed by Facebook (FB) and a
Read in TheStreet: https://apple.news/
Virtus Investment Partners Launches Virtus SGA Emerging Markets Growth Fund Managed by Sustainable Growth Advisers
HARTFORD, Conn., June 18, 2019 /PRNewswire/ -- Virtus Investment Partners (NASDAQ: VRTS), which operates a multi-boutique asset management business, and affiliated manager Sustainable Growth Advisers (SGA) have introduced the Virtus SGA Emerging Markets Growth Fund (A Shares: VAEGX; C Shares: VCEGX; I Shares: VIEGX; R6 Shares: VESRX), a new fund that offers investors exposure to emerging markets through...
Read in The Chestnut Post: https://apple.news/ANK_
Republic of Peru Announces Settlement of Tender Offers
LIMA, Peru, June 20, 2019 /PRNewswire/ -- The Republic of Peru ("Peru"), in accordance with its previously-announced offer (the "Offer") dated June 12, 2019, to purchase for cash (i) outstanding U.S. Dollar-Denominated Global Bonds and Euro-Denominated Global Bonds (together, the "Global Bonds"), and (ii) sovereign bonds or bonos soberanos (the "Bonos Soberanos"), including Bonos Soberanos in...
Read in The Chestnut Post: https://apple.news/
American tourists are canceling their trips to Dominican Republic following deaths: report
American tourists are beginning to cancel their trips to the Dominican Republic following a spate of tourism deaths.
Read in Fox News: https://apple.news/
MIDDLE EAST
Iraqi parliament approves defense, interior, justice ministers: lawmakers
Iraq's parliament approved on Monday three more ministers, including the defense and interior portfolios put forward by Prime Minister Adel Abdul-Mahdi, lawmakers said.
Read in Reuters: https://apple.news/
URGENT House of Representatives votes to give confidence to the success
of Hassan al-Shammari Minister of Defense
URGENT House of Representatives votes to give confidence to Yasin Taha
Hassan al-Yasiri Minister of Interior
2019/6/24
URGENT The House of Representatives votes to give confidence to Farouq Amin
Al-Shawani as Minister of Justice
Gulf tensions: Iraq worried about impact on its economy
Iraq exports around 3.5 million barrels of oil a day. Heightened regional tensions between the US and Iran and recent attacks on oil tankers in the Gulf have heightened security fears. The government of Iraq is worried about the threat to its oil exports - and how its economy could suffer. Al Jazeera's Charles Stratford reports.
Read in Aljazeera: https://apple.news/AexJA-
Rouhani says U.S. drone's "intrusion" stokes tensions in Gulf
President Hassan Rouhani onSunday accused the United States of stoking tensions in the Gulfthrough what Iran has called the violation of its airspace by aU.S. military drone, which Tehran shot down, the semi-officialFars news agency reported.
Read in Reuters: https://apple.news/AUsNn5xmTR-
Iran to scale back nuclear deal compliance unless Europe moves - diplomat
Iran may further scale backcompliance with its nuclear deal soon unless European countriesshield it from U.S. sanctions through a trade mechanism, thehead of Tehran's Strategic Council on Foreign Relations wasquoted as saying on Sunday.
Read in Reuters: https://apple.news/Ad8IksJw_
US 'launched cyber-attack on Iran weapons systems'
The hack targeted computers running rocket and missile launchers, sources tell US media outlets.
Read in BBC News: https://apple.news/ABhY6_
Bolton to Iran: Don't mistake 'US prudence and discretion for weakness'
U.S. national security adviser John Bolton had a message for Iran on Sunday during his visit to Israel: He advised the leaders of the Islamic nation not to "mistake U.S. prudence and discretion for weakness."
Read in Fox News: https://apple.news/
Saudi Arabia launches special residency scheme for expats
RIYADH (Reuters) - Saudi Arabia launched on Sunday their new special residency scheme similar to green card systems applicable in other countries, aimed at attracting wealthy and high-skilled expats. The residency scheme offers two types of residencies, a permanent one for 800,000 Saudi riyals ($213,321.96) and a one year but renewable residency for 100,000 Saudi riyals ($26,665.24). The scheme was approved by the Saudi cabinet last month, but on Sunday the online portal to apply was opened to
AFRICA
Africa: 'With the Continental Free Trade Area, We Are Creating Our Own Future'
(Photo: allAfrica) Moscow allAfrica sat down with Ambassador Albert M. Muchanga, African Union Commissioner for the Department of Trade and Industry, while at the Afreximbank meetings in Russia. Muchanga speaks on the progress of the African Continental Free Trade Agreement (AfCFTA), the perception that the reality on the ground may hold up the implementation of the trade deal and how Africa will no longer hold a "begging bowl"... Right now we have 52 countries that have signed the agreement (
Read in AllAfrica: https://apple.news/
Read in Business Insider: https://apple.news/
Zimbabwe Telecom Delegation Visits China at the Invitation of Gold Grace for Potential China-Zimbabwe Cooperation
HONG KONG, June 19, 2019 /PRNewswire/ -- On May 7, 2019, at the invitation of Gold Grace International Telecom Holdings Limited, a telecom delegation of the Zimbabwe Government arrived in Beijing, China for a one-week visit to the telecommunications industry. Telecom officials of the Zimbabwean administration conducted in-depth communication and exchange with the Chinese telecom...
Read in The Chestnut Post: https://apple.news/
Toolkit guides African governments to multiply earnings from national parks
National parks and other state-owned conservation areas could significantly multiply the revenue they pump into African economies, a new report has found.
Read in The Independent: https://apple.news/
CNN goes inside the Ebola outbreak in the Congo, which continues unabated 10 months after the first cases were confirmed in a region of simmering violence and extreme mistrust of the government.
Read in CNN: https://apple.news/
Read in CNN: https://apple.news/
IMF predicts double-digit economic growth for Mozambique from 2023
The International Monetary Fund (IMF) has projected that Mozambique will record double-digit economic growth starting in 2023, when the consortium led by multinational oil company ENI in the Rovuma basin is expected to begin production of liquefied natural gas (LNG), in the northern province of Cabo Delgado. IMF representative in Mozambique Ari Aisen told the...
Read in FurtherAfrica: https://apple.news/
ASIA
Weighing The Week Ahead: Can A U.S./China Truce Boost The Global Economy?
Last week's economic news was somewhat positive, but it was really all about the Fed. A rate cut seems imminent.The calendar for this week has important news, but most will be looking ahead to the G20 meetings.Expect leaks and posturing, of course, but no one can really forecast the outcome.For economically sensitive stocks, the risk remains to the upside.And as always, investors can worry about charts and geopolitics.
Read in Seeking Alpha: https://apple.news/
Last week's economic news was somewhat positive, but it was really all about the Fed. A rate cut seems imminent.The calendar for this week has important news, but most will be looking ahead to the G20 meetings.Expect leaks and posturing, of course, but no one can really forecast the outcome.For economically sensitive stocks, the risk remains to the upside.And as always, investors can worry about charts and geopolitics.
Read in Seeking Alpha: https://apple.news/
Southeast Asian leaders emphasize economic strength in face of U.S.-China tensions
Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their positions amid growing U.S.-China tensions, as they wrapped up this year's first summit in Bangkok.
Read in Reuters: https://apple.news/
Beijing can take a tougher stance in trade talks with US at G20, Chinese economists say
China’s strong economic resilience means trade negotiators will be able to take a harder line during upcoming talks with Washington, according to researchers at a Chinese think tank. But they warned that Beijing should not go too far with retaliatory…
Read in South China Morning Post: https://apple.news/
China Would Fight Trade War ‘to the End,’ State Media Says
China has the strength and patience to withstand the trade war, and will fight to the end if the U.S. administration persists with it, China’s state-run People’s Daily said in an editorial Saturday.
Read in Bloomberg: https://apple.news/
Southeast Asian leaders emphasize economic strength in face of U.S.-China tensions
Southeast Asian leaders agreed on Sunday to work together on regional economy and security to strengthen their positions amid growing U.S.-China tensions, as they wrapped up this year's first summit in Bangkok.
Read in Reuters: https://apple.news/
China says both U.S., China should make compromises in trade talks
Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week's G20 summit in Japan.
Read in Reuters: https://apple.news/
China thinks it can weather Trump’s trade storm. It can, but not for long. Likewise the US
When Donald Trump and Xi Jinping get together at the end of this week for their “extended meeting” on the fringes of the Osaka G20 summit, there will be little hope on either side for a peace deal to end the US-China trade war any time soon. For both…
Read in South China Morning Post: https://apple.news/AAvy5W-
EUROPE
Price of Brexit CHAOS: What does £1,000 get you after 3 years of incompetence and delays?
BREXIT has been a rollercoaster for British politics, as well as for the country’s economy and currency. Today marks the anniversary of the Brexit referendum - but what impact has the last three year’s of chaos mean for your money? A hypothetical £1,000 on the day of the Brexit referendum would now get you £169 less in the states, due to changes in the exchange rate. Exactly three years on from the 23 June vote, that saw 52 percent of the UK tick the box to leave the bloc, the pound-US dollar
Read in Express: https://apple.news/
Is Boris Johnson limbering up for a divorce battle with the EU?
Having been divorced twice, Boris Johnson will be aware the orderly conclusion of a marriage requires an agreed settlement.
Read in Sky News: https://apple.news/
Brexit: Boris Johnsons and Jeremy Hunt risk making Tory party unelectable if they allow no deal, poll suggests
Boris Johnson and Jeremy Hunt have been warned they risk making the Conservatives unelectable if they take Britain out of the European Union without a deal.
Read in The Independent: https://apple.news/AfgQP-
A Final Say referendum is the only thing standing between Corbyn and victory at the next general election
The last few weeks have radically changed the face of British politics. The Liberal Democrats, having languished in single figures for the best part of a decade, now vie on equal terms with the other parties in what appears to be a new kind of four-party politics. Chuka Umunna’s decision to join the Lib Dems last week raises the prospect of others following. The two traditionally major parties are cracking and melting like the Arctic ice sheet.
Read in The Independent: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Tuesday 6/25/19 did update on the indicative rates Sell Rate 1190
The currency auction is 214,938,290
There are no news and announcements.
Rafidain denies the imposition of additional amounts upon receipt of the employee's salary through MasterCard
Release date: 2019/6/25 8:38 • 185 times read
(Baghdad: Al-Furat News) denied Rafidain Bank, on Tuesday, the news transmitted by some social networking sites on the imposition of additional amounts when the employee received his salary through the master card.
The bank's media office said in a statement received by Al-Furat News that "talking about imposing an additional administrative commission that is not proven in the receipt of the employee's salary is baseless since the commission amount is 500 dinars."
The statement said that "the commission of withdrawals from ATMs from any fixed bank and according to the instructions of the Central Bank and the bank is committed to those recommendations and will not differ in the banking policy adopted by the Central Bank of Iraq with other banks."
The statement called on the bank's customers to "report any cases of extortion experienced by some weak people who are trying to defame the bank to achieve their personal ends."
The statement said that "the commission of withdrawals from ATMs from any fixed bank and according to the instructions of the Central Bank and the bank is committed to those recommendations and will not differ in the banking policy adopted by the Central Bank of Iraq with other banks."
The statement called on the bank's customers to "report any cases of extortion experienced by some weak people who are trying to defame the bank to achieve their personal ends."
Click on the link above for latest update.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
6-24-2019 Intel Guru MarkZ The news has been very good this afternoon...I am sitting on the edge of my seat right now. I am waiting for an update out of Iraq…we are hearing they did go live today but unable to verify it yet. Hoping this is verified by tomorrow or even late this evening. I am cautiously, extremely optimistic...A heightened level of alert right now. I am hearing from government sources...that it needs to be done by the 28th…so anytime in the next 4 days is fair game...from DC and the treasury guys…we may see what we want by mid day tomorrow at the latest… We really are at a high alert for any minute. We are minute to minute and we are in it to win it. [What part of you thinks this will not happen?] ZERO...no part of me thinks this will not happen...Its not an “if” it’s a “when”. ...I think this could be our night. Im pretty excited and the news has been solid.
6-24-2019 Newshound Guru Whitelions ...this is a revalue plain and simple ONLY banks that deal in International currency AT the banks can exchange or airports exchangers and they are regulated by the same laws the banks are...
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ [...is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers...etc...How they were hired and found, are they under NDA's etc...] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know...they have SKR's for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. ...They have one of the toughest NDA’s out there.
6-23-2019 Newshound Guru MilitiaMan Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade...Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!..imo. Sure looks exciting imo... [post 2 of 2]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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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.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 6-24-2019 around 11:15 am Eastern
“In an emergency, stay calm and follow the advice of our crews”; important advice from Brigadier General Hassan Ibrahim Hassan, Assistant Director General of Iraq’s Civil Defence.
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ARTICLE 3
Reducing the salaries of special grades and deputies and reducing their protection by half
2019/6/24 20:09
[Baghdad-where]
Speaker of the House of Representatives, Mohamed Halboussi, announced the reduction of the salaries of special grades and members of parliament.
A statement by the parliamentary information service received by the agency {Euphrates News} a copy of Halabousi confirmed "not to grant any privileges to any former or current deputy, whether to give them cars or money."
Halboussi pointed to "reducing the salaries of special grades and the inclusion of the House of Representatives in addition to reducing the elements of protection in half without any objection."
He pointed out, "the privileges of conservatives and members of the provincial councils by virtue of their work more than members of the House of Representatives."
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ARTICLE 4
Disclosure of embezzlement worth six billion dinars from the funds of Nineveh buildings
2019/6/24 15:36
[Baghdad-where]
Revealed the Integrity Commission, on Monday, the ability of the departments of the Directorate of the investigation of Nineveh to control the treatment of a cashier spent more than [[16] billion dinars in the Office of the province has not been fully settled, indicating that the fate of the remaining amounts of about [6] billion dinars is not known.
The agency said in a statement received by the agency All Iraq News [IN] that "the team of the Directorate, which moved to the Office of the province of Nineveh - Department of Accounts and Budget, has disciplined four members of the Special Committee for the implementation of statements and the rehabilitation and restoration of buildings in the province, 14,052,517,000] billion dinars has been settled a section by [8,521,016,500] billion dinars, and the second treatment amounting to [1,946,999,344] billion dinars [1,681,837,344] billion dinars were settled.
He added that "the fate of funds not settled in the two transactions [5,796,500,500] billion dinars is not known, pointing out that the members of the Committee to withdraw the amounts without depositing them in the official bank accounts or in the [and clans] of the Office of the province.
He added that "a record of the seizure of assets was organized and brought with the accused to the competent investigating judge who decided to arrest them according to the provisions of Article [315] of the Penal Code.
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ARTICLE 5
Source for the "obelisk": The US administration sets conditions on the implementation of Abdul Mahdi before receiving him in Washington
Baghdad / Masala: According to a source familiar with the "obsolete", that the US administration has set conditions for Prime Minister Adel Abdul Mahdi, to visit Washington.
The source said Tuesday (June 25, 2019) that "Abdul Mahdi must implement these conditions, otherwise he will not be received in Washington."
According to the source, the government of Adel Abdul Mahdi, the signing of contracts for companies, Henol, Okson Mobil, GE, the US oil, as one of the conditions of reception.
The source revealed the other condition, which is "the removal of factions of the popular crowd of the Nineveh Plain."
According to the source, this "explains the postponement of the visit several times, which did not explain the Iraqi government reasons," adding that this strengthens "talk about the existence of problems between Abdul Mahdi and the US administration."
The sources of political and media had circulated news of a close visit to Abdul Mahdi to the US capital Washington, as revealed the highlights of the files to be discussed.
He is expected to discuss other issues such as the war on terror, the reconstruction of liberated Iraqi cities, US military support for Iraq and sanctions against Iran.
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