WOTS Friday 7/12/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1186.0000 | 1182.3000 | 1185.0000 | | 00:00 |
| USD/VND | | | 23190.0000 | 23189.9000 | 23189.9000 | | 00:00 |
| USD/CNY | | | 6.8786 | 6.8692 | 6.8713 | | 05:01 |
| USD/KWD | | | 0.3039 | 0.3039 | 0.3039 | | 05:01 |
| GBP/USD | | | 1.2554 | 1.2516 | 1.2525 | | 05:13 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14127.0000 | 13975.0000 | 14076.0000 | | 05:10 |
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DC NY Iraq Articles:dddddd
Barzani in the Elysee to seek French support to resolve controversial issues with Baghdad
Macron promised to visit Erbil ... The President of the Kurdistan Region praises the effective role of Paris
Friday July 2019 AD Issue Number [14836]
French President Emmanuel Macaron leaves with the President of the Kurdistan region Nechirvan Barzani, the Elysee Palace after their meeting in Paris yesterday (AFP)
Paris: Michel Abou Najm
After the two important visits to Iraqi President Barham Salih - the end of February and then to Prime Minister Adel Abdul Mahdi, the beginning of May to Paris to meet the French President - came the era of yesterday (Wednesday) the role of the President of the Kurdistan region of Iraq, Nechirvan Barzani to come to the capital French and meet Emmanuel Macaron. Barzani had already resolved in Paris in early February 2017 at the height of the crisis between Baghdad and Erbil following the referendum organized in Kurdistan, which Paris advised the Kurdish leadership at the time not to resort to. It is no secret that it has contributed to the mitigation of its effects and played the role of mediator between the central capital and the regional capital to improve relations between them, and not even to work to normalize them. From here, the atmosphere of the meeting at the Elysee Palace between Macaron and Barzani was quite different from the previous meeting. But the file of relations between Baghdad and Erbil was present strongly in the meeting, which was confirmed by Barzani after the meeting.
In a brief statement issued by the French presidency, Paris reiterated its commitment to the unity of Iraq and its sovereignty, but within the framework of «respect all components» in reference to the Kurds. The statement also referred to the "special relations" between France and the Kurds, which date back to the days of former President Francois Mitterrand and his wife Daniel, who played a major role in helping the Kurds of Iraq through its human institution «France Liberties». The statement noted France's "satisfaction" with the progress made in the open dialogue between Baghdad and Erbil and France's determination to continue to provide support for the region "as well as for the rest of Iraq" in the war on terror, providing humanitarian assistance and carrying out projects that provide stability.
In the same context, McCron promised the president of the region that the strengthening of Franco-Iraqi relations and bilateral cooperation between the two countries, which was stipulated by the "strategic road map" concluded on the occasion of Abdul Mahdi's visit to Paris, will benefit the region in the fields of education, cultural relations and economic cooperation. McCron promised to visit Iraq "in the coming months," without mentioning a specific date. But it was not the first time that this promise was made. Macron was due to go to Iraq last spring, but the complexities of Iraq's internal scene prompted him to postpone the visit.In this regard, Barzani said in a press statement in Paris that he invited President Macaron to visit Kurdistan, and that the latter promised to make this visit, which is likely to take place during the visit of the French President to Baghdad. It should be noted that former President Francois Hollande visited Kurdistan, and the visit was also made by Foreign Minister Jean-Yves Loudrian on the occasion of his recent visit to Iraq.
It is no secret that Paris considers the Kurdistan region to be of great importance. It has played an important role in the international coalition in providing military support to it and to the Iraqi forces through training and arming, commando forces along with the Peshmerga, «Urging» in Iraq and Syria.
For his part, Barzani praised the "effective role" played by Paris in order to improve relations with Baghdad, adding that «after the events of the referendum, France had a major role in the opening of Kurdistan to the world, and still offers all kinds of support to us so far». He noted the role of France, which "was supportive of the Kurds during the war against the organization and called for the great role of President Makron in the protection of Kurdistan, and we hope to develop political and economic relations between the two parties." Despite the progress that has been made between Baghdad and Erbil on the way to normalize their relations, as many outstanding issues are still waiting for complex consensus, including on oil and the fate of Kirkuk ... Barzani undoubtedly came to Paris, seeking more French support on these issues Relationship. From here, Barzani's assertion that «relations between the Kurdistan Regional Government and the federal government and ways to resolve differences between the two were one of the most important topics that were discussed with President Macron». Macaron took advantage of the occasion to express his satisfaction with the formation of the territorial government, the Elysee statement said.
Baghdad / A /
In a brief statement issued by the French presidency, Paris reiterated its commitment to the unity of Iraq and its sovereignty, but within the framework of «respect all components» in reference to the Kurds. The statement also referred to the "special relations" between France and the Kurds, which date back to the days of former President Francois Mitterrand and his wife Daniel, who played a major role in helping the Kurds of Iraq through its human institution «France Liberties». The statement noted France's "satisfaction" with the progress made in the open dialogue between Baghdad and Erbil and France's determination to continue to provide support for the region "as well as for the rest of Iraq" in the war on terror, providing humanitarian assistance and carrying out projects that provide stability.
In the same context, McCron promised the president of the region that the strengthening of Franco-Iraqi relations and bilateral cooperation between the two countries, which was stipulated by the "strategic road map" concluded on the occasion of Abdul Mahdi's visit to Paris, will benefit the region in the fields of education, cultural relations and economic cooperation. McCron promised to visit Iraq "in the coming months," without mentioning a specific date. But it was not the first time that this promise was made. Macron was due to go to Iraq last spring, but the complexities of Iraq's internal scene prompted him to postpone the visit.In this regard, Barzani said in a press statement in Paris that he invited President Macaron to visit Kurdistan, and that the latter promised to make this visit, which is likely to take place during the visit of the French President to Baghdad. It should be noted that former President Francois Hollande visited Kurdistan, and the visit was also made by Foreign Minister Jean-Yves Loudrian on the occasion of his recent visit to Iraq.
It is no secret that Paris considers the Kurdistan region to be of great importance. It has played an important role in the international coalition in providing military support to it and to the Iraqi forces through training and arming, commando forces along with the Peshmerga, «Urging» in Iraq and Syria.
For his part, Barzani praised the "effective role" played by Paris in order to improve relations with Baghdad, adding that «after the events of the referendum, France had a major role in the opening of Kurdistan to the world, and still offers all kinds of support to us so far». He noted the role of France, which "was supportive of the Kurds during the war against the organization and called for the great role of President Makron in the protection of Kurdistan, and we hope to develop political and economic relations between the two parties." Despite the progress that has been made between Baghdad and Erbil on the way to normalize their relations, as many outstanding issues are still waiting for complex consensus, including on oil and the fate of Kirkuk ... Barzani undoubtedly came to Paris, seeking more French support on these issues Relationship. From here, Barzani's assertion that «relations between the Kurdistan Regional Government and the federal government and ways to resolve differences between the two were one of the most important topics that were discussed with President Macron». Macaron took advantage of the occasion to express his satisfaction with the formation of the territorial government, the Elysee statement said.
Nuri al-Maliki: Iraq must be a high degree of stability
Friday, 12 July 2019 12:00 p
Nuri al - Maliki, head of the coalition of the rule of law in Iraq
The head of a coalition of Iraqi law, Nuri al-Maliki, on Thursday evening, the need for Iraq to be a high degree of stability at the present time relative to the circumstances surrounding it .
Malik said in a special statement to the channel "Alsumaria News" Iraqi - "No objection to change according to legal and constitutional methods, but the overthrow of the government does not serve anyone, pointing out that the way that some people say that the government falls through sit-ins and demonstrations are very serious on Iraq And the Iraqis and the political process, because the street has a weapon and penetrated from forces that do not want Iraq to good, in addition to the lack of harmony of political forces
Al-Malki pointed out that Iraq now has pockets to destabilize security, has ties at home and abroad, and began to express itself, but it is not possible for these pockets to regain control of a governorate or a city .
"Today we have forces that can resist the strongest terrorist organization that can move in any region, " Maliki said .
US soldiers: Middle East wars 'not worth it'
Washington - Middle East
WASHINGTON (Reuters) - A majority of former US soldiers believe the wars in Afghanistan and Iraq should not have bothered them, according to a poll published by the Pew Research Center in a study published on Wednesday. "The majority of American soldiers (58 per cent) and public opinion (59 per cent) believe that the war in Afghanistan was not worth fighting for," the American think tank said in its study. The study comes as Americans and the Taliban are holding peace talks to end the conflict that Washington launched after the September 11, 2001, attacks. About the war in Iraq, which began in 2003 and raised the attention of American public opinion, 64 percent of former soldiers believe it " Fight it. " Fifty-five per cent of those say the same is true of the American intervention in Syria against the Da'sh organization. A recent Brown University analysis showed that 6,951 US military personnel were killed in military operations between 2001 and 2018. Many ex-combatants suffer from post-traumatic stress after returning from conflict. More than 6,000 former US military servicemen committed suicide each year between 2008 and 2016, according to a report by the Veterans' Department released at the end of 2018.
Iraq: dubious investments steal the identity of the old Mosul and talk about Iranian and Turkish investors
Baghdad - Dr. Hamid Abdullah
Friday, July 12, 2019 - 01:00
Talks in the city of Mosul about an external march threatens the old city of Mosul to disappear or a complete change of landmarks.
Sources in the Nineveh Provincial Council confirmed that hundreds of families sold their destroyed homes in the old city of Mosul, Karakam, at very low prices due to the dire financial situation of these families.
The MP denied the province of Nineveh Hiam Elham, Iranian investors and Turks backed by Iraqi parties to buy large areas of the city of Mosul, the old sources said that these investors did not buy real estate by their names, but through intermediaries with the aim of gradual creeping into the heart of Mosul after having its original sons to Leave due to stressful financial conditions.
"Local authorities in the city have no authority to prevent real estate owners in Mosul from selling their properties," says local councilor Raed Amjad. "Not being compensated by the state has forced them to sell their homes as rubble destroyed by guns and planes during the liberation war." Mosul of the organization of the 2017.
The sources point out that there are influential figures, some of them linked to armed factions have bought large numbers of houses destroyed at very low prices, taking advantage of the need of owners.
She pointed out that these influential people will after a period of reconstruction of those houses, which constitutes a clear threat to the identity of Mosul and manipulated the demographic structure known.
Sunnis and Christians make up more than 90 percent of Mosul's old population, but starting to build Shiite shrines is a clear step to change the identity of the city, as well as the acquisition of large numbers of houses by investors from other parts. It will gradually turn it into a city with a completely different identity than it has known for hundreds of years.
Aftan reveals the highest budget recorded in the history of Iraq and identifies imbalances in the distribution of energy
Editorial Date: 2019/7/12 23:32 • 238 times read
The former electricity minister, a member of the current energy committee, Karim Aftan, revealed the highest budget recorded for the ministry in the history of Iraq, while identifying the imbalances in the distribution of energy.
"The energy situation in 2014 is much better than it is now. Today we have good production, but there is poor transport and distribution," Effatan told the satellite television station Al-Furat. "There is supposed to be a plan to ensure Fill the need for cities and regions. "
"Electricity is the backbone of all aspects of life and we are not convinced of performance, especially after the allocation of 10 trillion budget for the Ministry of Electricity in 2019," he said, "the highest allocation of the Ministry in the history of Iraq."
Effatan said that "the parliamentary energy granted the Minister of Electricity all the allocations requested and was not successful when the deputies criticized," noting that "the disruption of the delivery of energy to citizens well lies in the rehabilitation of stations and we have a lot of rumors."
He pointed out that "the presence of 21 thousand and 500 megawatts currently in the national grid of energy, in addition to 5,000 megawatts under construction in addition to, the import of nearly 500 megawatts of the Kurdistan region."
"The minister must be a leader and head of state in his ministry and not subject to parties, and he has no right to have his voice over the deputies," he said.
On the privatization of the former Minister of Electricity, "I am with privatization, but in its proper form and not in the manner of extortion of citizens," concluded "Iraq imports electricity worth one billion dollars and imports gas worth twice."
"Electricity is the backbone of all aspects of life and we are not convinced of performance, especially after the allocation of 10 trillion budget for the Ministry of Electricity in 2019," he said, "the highest allocation of the Ministry in the history of Iraq."
Effatan said that "the parliamentary energy granted the Minister of Electricity all the allocations requested and was not successful when the deputies criticized," noting that "the disruption of the delivery of energy to citizens well lies in the rehabilitation of stations and we have a lot of rumors."
He pointed out that "the presence of 21 thousand and 500 megawatts currently in the national grid of energy, in addition to 5,000 megawatts under construction in addition to, the import of nearly 500 megawatts of the Kurdistan region."
"The minister must be a leader and head of state in his ministry and not subject to parties, and he has no right to have his voice over the deputies," he said.
On the privatization of the former Minister of Electricity, "I am with privatization, but in its proper form and not in the manner of extortion of citizens," concluded "Iraq imports electricity worth one billion dollars and imports gas worth twice."
Kauaihn Iraq Articles:dd
Iraq seeks alternatives to Strait of Hormuz over supply disruption fears
Much of the country’s exports are through its southern port of Basra
Iraq, July 12, 2019
Iraq is looking at alternative export routes to the Strait of Hormuz over fears of supply disruptions, the Iraqi prime minister said.
The non-flexibility of our export hubs is part of our fears. Most of our exports are from the south,” Adel Abdul Mahdi said. “We are talking of any alternatives,” he said.
Iraq, Opec’s second-largest producer, exports most of its crude from its southern terminal at Basra and through the contentious Strait of Hormuz.
The passageway, which lies between large oil producers Saudi Arabia and Iran, allows for the transit of a third of the world’s seaborne crude. Iraq’s production stands at 4.72 million barrels per day, of which about 80 per cent is destined for export, according to Opec’s latest statistics.
Tensions in the Middle East, which escalated following multiple attacks on oil tankers in May and June, have raised concerns about a crisis in the region. Last month, President Donald Trump is said to have called off an attack on targets in Iran after sanctioning it following the downing of a US drone by Tehran. Iran claimed the drone was flying over its airspace.
In another incident involving Iran last week, a Panamanian-flagged tanker carrying crude from the country was seized by British naval forces in Gibraltar for flouting EU sanctions. Tehran has threatened to seize British vessels in retaliation.
Washington has now said it planned to send command vessels and boost surveillance in the Arabian Gulf following attacks on tankers, which it continues to blame on Iran.
The US, which already has its Fifth Fleet stationed in Bahrain is “engaging now with a number of countries” to build up a coalition to man the Strait of Hormuz as well as Bab Al Mandeb, said Marine General Joseph Dunford, chairman of the Joint Chiefs of Staff.
Oil prices, which had slowed at the start of the week, gained 1.67 per cent and was trading at $65.23 per barrel at 12.31pm UAE time on Wednesday amid ongoing tensions in the region as well as tightening of US crude inventory levels.
Iraq has considered transporting its crude from northern Kirkuk to Turkey’s southern Ceyhan outlet. Baghdad also plans to raise exports via the pipeline to 100,000 bpd from current averages of 80,000 and 90,000 bpd. But transport of crude via the pipeline has been difficult, with a section of the infrastructure coming under attack earlier this month.
Iraq has also explored options to truck oil to be refined in Iran, but this has been delayed due to security concerns. The countries had agreed to swap up to 60,000 bpd of crude earlier.
Plans are also in the works to export crude from Jordan’s Aqaba, which could transport up to 1 million bpd of crude from the Red Sea port.
Jordan approved the pipeline and has plans for a new refinery at the port, which could potentially turn some of the crude into white products for exports.
An agreement with the Iraqi side on the pipeline was likely to happen 'soon' with the construction expected to take three years, Jordan’s Energy and Mineral Resources Minister, Hala Zawati, told The National in April.
Yasiri Halabousi: We began to resolve the files re-fill the interior in coordination with finance
Release date: 2019/7/12 23:41 • 100 times read
(Baghdad: Al-Furat News) Speaker of the House of Representatives Mohamed Halabousi discussed with Interior Minister Yassin al-Yasiri the security situation in the liberated cities.
"The meeting was attended by the president and members of the Salah al-Din Provincial Council and its governor and police chief - the security situation in the liberated cities, and the problems and obstacles faced by Salahuddin, as well as to review the situation of displaced persons and the need to resolve their files," a statement from his office, .
The President of the House of Representatives to "the need to resolve the file of re-staffing in the institutions of the Ministry of Interior in the liberated provinces as they were before the year two thousand and fourteen; based on what is stated in the general budget for this year, as well as the delayed contracts.
For his part, the President and members of the Salahuddin Provincial Council reviewed the suffering of the citizens of the province in the security controls; because of the lack of consolidation of the database, and the need to unify security leaders.
The Interior Minister said that "his ministry began to resolve the files re-staffing ministry in coordination with the Ministry of Finance," pledging "to work to strengthen the security situation, and expand the ministry's services in all districts and areas of the province."
The President of the House of Representatives to "the need to resolve the file of re-staffing in the institutions of the Ministry of Interior in the liberated provinces as they were before the year two thousand and fourteen; based on what is stated in the general budget for this year, as well as the delayed contracts.
For his part, the President and members of the Salahuddin Provincial Council reviewed the suffering of the citizens of the province in the security controls; because of the lack of consolidation of the database, and the need to unify security leaders.
The Interior Minister said that "his ministry began to resolve the files re-staffing ministry in coordination with the Ministry of Finance," pledging "to work to strengthen the security situation, and expand the ministry's services in all districts and areas of the province."
Collect signatures to compel the government not to pay any money to the region
12-07-2019 10:11 AM
Baghdad
MP of the coalition of state law Mansour al-Baiji, on Thursday, he was collecting signatures to oblige the government not to spend any money to the Kurdistan region.
"The three presidencies bear the responsibility of breaching the province of the federal budget law not to hand over oil and other resources to border ports and airports to the federal government," he said, adding that "this is a breach of agreement between the region and the government."
Al-Baiji added that "the Kurdistan region deals with the federal government by refusing to hand over oil to the center according to the oil agreement in the budget and this matter can not be silent on it completely," and called on the three presidencies not to be silent and out of silence because of the Kurdistan region exceeded the law and the Constitution, The wealth of all the Iraqi people from the north to the south equally. "
"We have collected parliamentary signatures in order to add a supplementary budget paragraph obliges the federal government not to pay any money to the region if not issued 250 thousand barrels per day to the federal government," pointing out that "this is a natural right to secure the wealth of our oil-producing provinces because it is unreasonable to To receive oil imports to the region and it exports oil for good. "
He stressed that "we are not against our people in the Kurdistan region, but can not be silent on the non-delivery of oil and other roses by the province to the federal government, it receives its share of the general budget of the country," expressing his hope "of the new government of the region to submit to the federal government and away from the policy of the previous government And apply the law and the Constitution and away from the atmosphere of differences and crises because it does not prejudice the interest of any party.
Iraq and Jordan agree on a timetable for the completion of electricity linkage and energy exchange between the two countries
12-07-2019 09:41 PM
Baghdad
Iraq and Jordan agreed on Thursday on a timetable for the implementation and completion of the Iraqi-Jordanian link by the end of 2021.
This came during a meeting between Minister of Electricity Luai Khatib and Jordanian Minister of Energy and Mineral Resources Hala Adel Zwati at the Iraqi Ministry of Electricity in Baghdad, according to a statement issued by the Ministry of Electricity. Interests of the two countries and brotherly peoples. "
It was agreed that "the first phase of the project will include the implementation of the 400 kV power transmission lines, which will connect the eastern region of Jordan (Al Risha) (Al Risha transformative station) with the western region of Iraq (Al Qaim) ), With a length of (300) km, that the two sides will be responsible for the establishment and ownership and management of the project within its borders, as well as the cost of parts of the project located in its territory, where the financing of the project from the Iraqi side of the loan of General Electric, Entry into service with the new transformational terminal manufacturing end (2021) energy Ranging from (150) to (200) megawatts, feeding the areas of (Qaim, and wet, and Aynah and Rawa) in Anbar province.
The two sides also agreed "to complete the technical and economic studies required for the implementation of the second phase, which relate to the interconnectivity and mutual exchange between the two countries, which requires the completion of the internal energy transmission networks between the two countries, and the strengthening of the exchange capacity, , And is expected to complete this stage in 2025, to be a promising market for Iraq to exchange energy between neighboring countries.
Iran's Guard says it killed 5 gunmen who entered from Iraq
Friday، 12 July 2019 12:16 AM
IRGC
Iran's Islamic Revolutionary Guard Corps (IRGC) says it has killed five gunmen who crossed into a mostly Kurdish region from neighboring Iraq.
The IRGC says in a statement published on its website that one of its members was killed in the shootout Wednesday in the western Kermanshah province. It says Iranian forces seized weapons, explosives and communications equipment.
On Tuesday, Kurdish militants killed three IRGC members in northern Iran. Iranian forces occasionally clash with Kurdish militants and Islamic State extremists in areas near the border.
Kauaihn Economic Times:
Rebuilding Mosul: Iraq says Iran sanctions threaten progress
Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq. It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove ISIL fighters from the capital of their self-declared caliphate. Reconstruction efforts are not being helped by the sanctions imposed by the US on Iraq's ally Iran. UN agencies estimate it may take tens of millions of dollars and 10 years just to remove mines and explosives. Al Jazeera's Osama Bin Javaid
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Exclusive: New Kurdish PM says priority is stronger Baghdad ties, rather than independence
Two years after a failed independence bid plunged Iraq's Kurdistan Region into months of instability, the new regional prime minister said his priority was strengthening ties with Baghdad, signaling dreams of self-rule should be put on hold.
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U.S. Senate Foreign Relations chairman offers bill on Saudi rights
The Republican chairman ofthe U.S. Senate Foreign Relations Committee, Senator Jim Risch,has introduced legislation seeking to push back on Saudi Arabiaover human rights and criticizing Crown Prince Mohammed binSalman.
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Lebanon PM: US sanctions won't affect government
Lebanese Prime Minister Saad al-Hariri said on Wednesday that U.S. sanctions targeting Hezbollah MPs moved in a "new direction" from existing measures, but would not affect government work.
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Zimbabwe: Residents Angry As Byo Council Fails to Restore Water After 8 Days
Bulawayo city authorities have failed to meet their four-day grace period promised to residents to restore tap water supplies to households following major refurbishment works at the city's reservoirs. The city council announced a crippling four-day water shedding schedule last week starting from Tuesday up to Saturday. However, a survey carried out by NewZimbabwe.com Tuesday revealed that some suburbs have failed to receive the necessity despite the lapse of the official council water shedding
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Zimbabwe: Civil Servants Start Receiving Allowances
Civil servants yesterday started receiving a cushioning allowance, while the National Joint Negotiating Council (NJNC) convened a meeting to discuss an increment and other conditions of service for Government workers. Members of the Zimbabwe Defence Forces (ZDF) received salaries adjusted with the cushion allowance, while other members of the civil service are expected to get theirs on their scheduled pay dates. Those who spoke to The Herald yesterday said they received an adjustment which
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Zimbabwe: Tax Scam Costs Govt Billions
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special clothing manufacturers' rebate (CMR) designed to protect domestic apparel producers from external competition. A month-long investigation into the conduct of some industry players showed that after benefiting from the rebate on imported fabrics, some clothing manufacturers were using transfer pricing,
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Zimbabwe: City of Harare, Ukraine Investor Agree to Resolve Dispute Out of Court
The business agreement impasse between the City of Harare and Ukraine investor, Augur Investments (Pvt) Ltd, that had seen the parties dragging each other to court over the years, has finally been resolved after the parties have resolved to settle the dispute outside court. The parties have withdrawn all civil and criminal matters which were pending against each other before the courts. The City of Harare is involved in several projects with Augur Investments but progress had stalled owing to
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Zimbabwe Seeks Re-Engagement With Britain
(Photo: The Herald) Harare Zimbabwe is keen to mend strained relations with former coloniser, Britain. The Southern African country is desperate for investment as its economy is on a decline. Foreign Affairs Minister, Sibusiso Moyo, is expected to address a gathering of Westminster Africa Business Group executives on investment opportunities and Ease of Doing Business in Zimbabwe from Wednesday to Sunday. "This is furtherance of the ministry's economic recovery diplomacy policy to secure
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Botswana: Commercial Ranches, Arable Farms Up for Grabs Soon
Molepolole Commercial pastoral ranches and NAMPAAD commercial arable farms in the Kweneng District will soon be available for eligible citizens following their demarcation and surveying. Kweneng Land Board chairperson Mr Moemedi Babitseng said on July 8 during the land board's July sitting that the surveyed maps of the farms had been approved by the Department of Surveys and Mapping. He further briefed the board that the invitation to tender was currently being drafted. Mr Babitseng said the KW6
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Zambia: Fuel Prices to Go Up?
The Government has projected a rise in the fuel pump prices driven by the depreciation of the Kwacha and increased cost of crude oil on the international market. Energy Minister Mathew Nkhuwa told Parliament in a ministerial statement yesterday that since the last downward adjustment in February this year, the Kwacha depreciated. He said the Kwacha depreciated against the United States (US) dollar by 9.71 per cent from the February average rate of K11.94 to a dollar to the mid-year level of
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Chinese city introduces hotel sheets that tell you when they were last washed
A city is China is giving tired travelers some peace of mind, launching a high-tech system that reveals when bed linen was last washed.
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Exclusive: West, Japan rebuke China at UN for detention of Uighurs
Nearly two dozen countries have called on China to halt its mass detention of ethnic Uighurs in the Xinjiang region, the first such joint move on the issue at the U.N. Human Rights Council, according to diplomats and a letter seen by Reuters.
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Trade war tariffs are new normal and may be difficult to remove, says former US ambassador to China
A former US ambassador to China has said the tariff war had become the “new normal” in the countries’ relationship despite the resumption of trade talks. Max Baucus, the top US envoy in Beijing from 2014 to 2017, said on the sidelines of a US-China trade…
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China shares fall as June producer prices fuel growth, deflation fears
* SSEC -0.44%; CSI300 -0.17%
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China tech bonds reward investors as trade war fears ebb
The beaten-down bonds of Chinese internet companies have rebounded since the May flare-up in U.S.-China trade tensions, reaping a good profit for investors who braved the storm to buy the dips.
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China June exports seen falling, adding to fears of global slowdown: Reuters poll
BEIJING (Reuters) - China's exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world's largest trading nation, a Reuters poll showed. Imports are expected to have fallen for a second straight month, pointing to continued weakness in domestic demand and highlighting the need for Beijing to roll out more economic support measures. If Friday's trade data are in line with the downbeat forecasts or worse, it could spark concerns about a
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U.K. Parliament Flexes Muscle as Johnson Doubles Down on No-Deal
Members of Britain’s Parliament delivered a sharp warning to the country’s next prime minister: they will not allow him to pursue a no-deal Brexit without a fight.
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Anti-Brexit parties take step towards ‘Remain alliance’ after forming new group
Pro-EU political parties are set to take a major step towards forming a national “Remain alliance” by working together with a new organisation designed to increase the number of anti-Brexit MPs.
Read in The Independent: https://apple.news/A_
Sterling at the bottom of investors' wishlist as no-deal Brexit fears persist
The British pound has continued to spook investors amid fears of the U.K. crashing out of the European Union without a deal on Halloween day.
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UK PM candidate Johnson: 'Very odd' to involve courts in Brexit decision
Boris Johnson, the leading contender to be Britain's next prime minister, said on Wednesday it would be "very odd" to give the judiciary a say over Brexit, responding to the threat of a legal challenge by former prime minister John Major.
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Resurgent pound and Fed anticipation sends London markets downA resurgent pound and anticipation of Federal Reserve chair Jerome Powell’s testimony sent London markets lower.
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Trump's power play on UK envoy sends ruthless message to alliesPresident Donald Trump's power play in hectoring Britain's ambassador out of the country dealt humiliation to America's top ally and sent a message that strong relations with the US are dependent on flattering the President.
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10 best cities in America for single parents
According to the American Psychological Association, stressors unique to single parents include custody challenges and inter-parent conflict.
Read in Ladders: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know for Today: Britain: 3 Iranian vessels tried to block British ship in Gulf; Facing calls for resignation, Acosta defends Epstein deal; Exclusive: Officer accuses general of sexual misconduct; "Robot umpires" debut in baseball League
Read in ABC News: https://apple.news/
Gold declines amid anticipated Fed head testimony
Mubasher: Gold retreated on Wednesday as expectations of a big interest rate cut faded, as markets were anticipating Federal Reserve Chairman Jerome Powell's congressional testimony.
Read in Mubasher: https://apple.news/
Gold Prices Rise on Powell's Comments
Commodities Jul 11, 2019 04:04 GMT Investing.com - Gold rose on Thursday in Asia after the U.S. Federal Reserve indicated that it’s preparing to cut interest rates despite a strong U.S. jobs report released last week. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 1% to $1,426.05 by 11:57 AM ET (03:57 GMT). Fed chairman Jerome Powell said overnight that the central bank “will act as appropriate” to counter slowing business investments
Read in Investing.com: https://apple.news/
Oil Prices Rise on Decline in U.S. Crude Inventories
Commodities Jul 11, 2019 05:19 GMT Investing.com - Oil prices rose on Thursday in Asia after data showed U.S. crude inventories fell last week. The Energy Information Administration (EIA) said crude oil inventories plummeted by 9.50 million barrels in the week to July 5. Forecasts predicted a stockpile draw of 3.08 million barrels, after a decline of 1.09 million barrels in the previous week. Oil prices jumped as much 4.5% overnight immediately following the EIA report. On Tuesday, the American
Read in Investing.com: https://apple.news/
Oil Prices Rise on U.S. Crude Inventories Data
Forex Jul 10, 2019 05:21 GMT Investing.com - Oil prices rose on Wednesday in Asia after data showed U.S. crude inventories fell for a fourth straight week. U.S. Crude Oil WTI Futures were up 1.4% to $58.63 by 1:20 AM ET (05:20 GMT). International Brent Oil Futures gained 1.0% to $64.81. Crude inventories fell by 8.1 million barrels in the week to July 5 to 461.4 million, compared with analyst expectations for a decrease of 3.1 million barrels, according to data from industry group the American
Read in Investing.com: https://apple.news/AGB63Y-
Oil & Gas: Where Is The Capital Flowing?
The last two years have seen record low levels of mergers and acquisitions activity in the oil and gas sector in the United States.The upstream industry has seen record low numbers of PE deals.There are fewer deals per quarter, but they are of greater value when they do occur.
Read in Seeking Alpha: https://apple.news/
METALS-Base metals gain after 'constructive' U.S.-China phone call
(Updates prices)
Read in Reuters: https://apple.news/Awe_
Zimbabwe: Individuals, NGOs Trade U.S.$9 Million On the Interbank Market in Five Days
The Reserve Bank of Zimbabwe (RBZ) says almost US$9 million was traded by individuals and Non-Governmental Organisations (NGOs) on the interbank market in five consecutive days last week. The development could come as a sign government's controversial move to abandon the multi-currency regime for the local dollar was bearing fruit. Addressing guests at a Zim-dollar return feedback meeting early this week, central bank governor John Mangudya said clients who trusted the black market to sell their
Read in AllAfrica: https://apple.news/AQ-
Deutsche Bank looks to boost wealth management as part of reinvention
With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets.
Read in Reuters: https://apple.news/APUS5ND-
JPMorgan Thinks Its New Robot Can Save You A Bundle
JPMorgan Chase jumped into the crowded robo-advisory business Wednesday, offering a service that builds a portfolio of free ETFs.
Read in Investor's Business Daily: https://apple.news/
Citibank is acclaimed as the best bank for high-net-worth families — again
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Banking subscribers. To receive the full story plus other insights each morning, click here. Citibank has been named the "Best Bank for High-Net-Worth Families" by Kiplinger's Personal Finance for the third straight year, Yahoo Finance reports. Kiplinger cited an abundance of unique perks - particularly those that come with its Citigold package - as the primary reason for naming Citibank the winner. BBVA was
Read in Business Insider: https://apple.news/AMugm-
Japan's SoftBank makes bet to challenge Brazil's concentrated banking sector
Japan's SoftBank <9434.T> has led a $231 million new financing round for Brazilian lending platform Creditas, valuing it at $750 million and funding a future expansion to other Latin American countries, Sergio Furio, the founder of Creditas, said.
Read in Reuters: https://apple.news/
How To Bank Efficiently
Unless you’re someone who keeps all of their savings hidden under your mattress, your bank matters to you. Banking efficiently includes picking a bank that allows you to bank from anywhere in the world at your convenience. When you’re banking efficiently, you’re avoiding unnecessary fees, such as ATM and maintenance fees. Most importantly, you’re using the power of technology to maximize your banking habits. Many people think finding a bank with no fees or minimums is the best way to bank
Read in Benzinga: https://apple.news/
Here’s how the stock market’s ‘bad news is good news’ run could come to an end
Investors are treating bad news like good news—and vice versa—when it comes to the stock market. Deteriorating earnings could put an end to that dynamic, warns an analyst at UBS.
Read in MarketWatch: https://apple.news/
Weak U.S. data could trigger 10% stock plunge, says strategist
Looking for surprises? Watch the data not the monetary policy says our call of the day from Elia Lattuga, the deputy head of strategy research at UniCredit.
Read in MarketWatch: https://apple.news/
Reminder: Wall Street Does Not Equal Main Street
As the underlying economy lags, stocks surge ahead on hopes that the Fed will save the bull market. There is a rift forming between Wall Street and the Main Street economy. Favorable financial conditions and buybacks bolster stocks, but the economy is stumbling. The lie that we investors tell ourselves will soon be exposed as false. What is the lie? That corporate earnings per share is a measurement of the health of the economy.
Read in Seeking Alpha: https://apple.news/AFLF3E-
Hedge funds move away from unpopular 'two and 20' fee model - survey
Hedge funds are ditching thetraditional "two and twenty" fee structure that has hurt thesector's public image and invited criticisms of poor value formoney, a global survey of hedge fund managers showed onWednesday.
Read in Reuters: https://apple.news/
Top 5 Things to Know in the Market on Thursday
Economy Jul 11, 2019 09:45 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 11: 1. Inflation, jobless claims, more Powell testimony in spotlight Fed Chairman Jerome Powell will be back in the spotlight Thursday, after hinting a day earlier that the central bank will likely move forward with a quarter-point rate cut at its next meeting later this month. Although Powell will repeat the same testimony beginning at 10:00 AM ET (14:00 GMT) -
Read in Investing.com: https://apple.news/
Day Ahead: Top 3 Things to Watch
Stock Markets Jul 10, 2019 20:08 GMT Investing.com - Here's the top 3 things that could rock markets tomorrow. Labor, Inflation, Powell Testimony in Spotlight Fed Chairman Jerome Powell will be in the spotlight again Thursday, after hinting on Wednesday the central bank likely will roll out rate cuts at its next meeting later this month. Powell will appear before the Senate Banking Committee. On the economic data front, inflation and jobless claims data will be in the spotlight. Both reports are
Read in Investing.com: https://apple.news/
Investors are too pessimistic about the global economy, US-China trade war, says HSBC Global Asset Management
Investors are being too pessimistic about the global economy and the effects of the trade war between the United States and China, according to HSBC Global Asset Management. Bill Maldonado, the chief investment officer for Asia-Pacific, said that this…
Read in South China Morning Post: https://apple.news/
Zimbabwe banned the US dollar from being used so local bitcoin demand is soaring again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle. The cryptocurrency is trading briskly here after president Emmerson Mnangagwa’s government banned the use of foreign currencies for settlement of local transactions. It comes as Zimbabwe re-introduced the Zimbabwe dollar unit it abandoned in 2009 and banned settlement of local...
Read in Quartz: https://apple.news/
Cryptos Are Challenging Traditional Monetary Policy, And The Economic Expansion Roars On
Jamie Dimon once called bitcoin buyers stupid. Now JPMorgan is starting client trials of its own digital currency, the JPM Coin.The current economic expansion has reached a record 121 months - June 2009 to July 2019.Amazon turned 25 years old. Last month, it was announced that the Federal Trade Commission agreed to scrutinize Amazon and Facebook for antitrust violations.
Read in Seeking Alpha: https://apple.news/
Blockchain Firm Diginex May Soon List on Nasdaq in the US: Report
The blockchain and cryptocurrency services firm could soon to go public in the U.S. via a reverse IPO, a report says.
Read in CoinDesk: https://apple.news/
Volatility Is Essential For Bitcoin Price To Hit $50,000 - Bitcoinist.com
There are quite some ‘bitcoin detractors’ out there, who often denounce the digital asset for its volatility. With another pump today there is no doubt that BTC has been as volatile as ever over the past few weeks but is it such a bad thing? Bitcoin Price Back To $13000 Yet again bitcoin price has surged during Asian trading, breaking $13,000 a couple of hours ago. Many expected a prolonged correction down below $10,000 but that simply has not materialized. The move takes BTC above resistance on
Read in Bitcoinist.net: https://apple.news/
Commercial Debt Market Goes Live With Backing From Coinbase Venturesw
With Cadence, an ethereum-powered marketplace, institutional and accredited investors can now fund short-term loans to small businesses.
Read in CoinDesk: https://apple.news/
Second “Drop Gold, Buy Bitcoin” Ad on The Way - Bitcoinist.com
Do you remember Grayscale Investment’s “Drop Gold, Buy Bitcoin” ad that went viral on social media? Well, Barry Silbert, founder and CEO of the largest crypto asset manager in the world, announced that a second TV ad is in production right now. Second “DropGold” Ad Got the Green Light If you happen to keep gold in a depository account or at home, it’s time to get rid of it and buy Bitcoin instead. This might be the message of the second TV ad by Grayscale Investments for its flagship product –
Read in Bitcoinist.net: https://apple.news/AkxKIe-
Forex - Dollar Flat Ahead of Powell; Sterling Hits 2-Year Low
Forex Jul 10, 2019 07:59 GMT Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress. Powell is due to start his testimony at 10:00 AM ET (14:00 GMT), against a backdrop of elevated uncertainty over the path of interest rates for the rest of the year. The market has scaled
Read in Investing.com: https://apple.news/A-
Dollar Drops as Fed Chair Powell Makes Dovish Remarks
Forex Jul 10, 2019 12:50 GMT Investing.com - The U.S. dollar traded lower on Tuesday after Federal Reserve Chairman Jerome Powell signaled a readiness to cut interest rates in response to "uncertainty" over the outlook for the U.S. economy. The prepared testimony was released by the Fed ahead of Powell’s appearance at the House Committee on Financial Services. Powell noted that uncertainties related to trade and the global economy continued to weigh on the outlook, while adding that there was a
Read in Investing.com: https://apple.news/Afm-
Pound Plunges to Two-Year Low on Signs of Economic Gloom
The pound slumped to a two-year low as signs of economic downturn mounted in a market increasingly betting that policy makers will have to cut borrowing costs.
Read in Bloomberg: https://apple.news/
Branson warns pound to plummet in no-deal Brexit
Virgin boss tells the BBC a UK no-deal departure from the EU would be ‘devastating’ for Virgin.
Read in BBC News: https://apple.news/
Sterling at the bottom of investors' wishlist as no-deal Brexit fears persist
The British pound has continued to spook investors amid fears of the U.K. crashing out of the European Union without a deal on Halloween day.
Read in CNBC: https://apple.news/
Mexican peso drops after Finance Minster Urzua resigns
The Mexican peso dropped against the U.S. dollar on Tuesday after Mexico's finance minister, Carlos Urzua, stepped down from his post.
Read in CNBC: https://apple.news/A1YMw-
Breakingviews - Budweiser and Alibaba flag Hong Kong dollar oddity
HONG KONG (Reuters Breakingviews) - The boring Hong Kong dollar has been more exciting of late. A couple months after a U.S. hedge fund manager targeted the currency, it is moving sharply. Two giant upcoming stock sales are a major factor, but the recurring phenomenon flags a peculiarity of the system.
Read in Reuters: https://apple.news/
Zimbabwe: Health Minister Warns Pharmacies Charging in Forex
Government has warned all the pharmaceutical companies and retail pharmacies charging in United States dollars or equivalent RTGS dollars interbank rate to desist from practice or face unspecified action from the authorities. Health and Child Care Minister Obadiah Moyo said at a post cabinet media briefing Tuesday that pharmacies that have pegged their prices in US dollars or set their prices against prevailing parallel market rates should stop the practice forthwith or face the consequences.
Read in AllAfrica: https://apple.news/
Crackdown on unproven stem cell therapies long overdue, Ottawa doctor says
An Ottawa doctor says it's about time Health Canada cracked down on clinics offering unproven and potentially unsafe treatments that inject patients with their own cells, and he'd like to see the provinces follow suit.
Read in CBC News: https://apple.news/
Australian seagulls could carry drug-resistant superbugs, study finds
Some Australian seagulls are infected with superbugs resistant to antibiotics, according to new research, which raises concerns that the bacteria could spread from the birds to livestock or humans.
Read in CNN: https://apple.news/
Pharma Money And Physician Prescribing Of Painkillers
If people had concerns that unreasonable payments to physicians were driving up gabapentinoid use, after looking at these facts they should be less concerned that this is the case.
Read in Forbes: https://apple.news/
Kidney disease is a growing problem
Almost a quarter of traditional Medicare spending, or $114 billion, goes toward patients who have kidney disease. A large chunk of that, $35 billion, is spent on patients whose kidneys have failed and require dialysis or a transplant, according to the latest federal data.
Read in Axios: https://apple.news/ATy9_
AFM still "a bit of a mystery" to researchers
There’s a new government warning about a serious polio-like illness that mainly strikes young children. Acute Flaccid Myelitis, or AFM, is in peak season, and the CDC says there’s eleven confirmed cases so far. Dr. Tara Narula joins “CBS This Morning” to share updates on a 7-year-old boy struggling with the illness, and discuss why it's still "a bit of a mystery" to researchers.
Read in CBS News: https://apple.news/
America’s EpiPen shortage extends into a second year
Parents and pharmacists are grappling with a continuing shortage of the allergy shots and hurdles that stymie alternatives
Read in Bloomberg: https://apple.news/
If You Fall Asleep Quickly, Experts Say It Could Mean These 11 Things About Your Health
When you get into bed at night, do you relax for a few minutes — maybe reading a book or thinking about your day — before nodding off? Or do you fall asleep immediately, with little to no awareness of your head even hitting the pillow? If the latter…
Read in Bustle: https://apple.news/
US Oil Prices Jump as Gulf of Mexico Drillers Brace for Potential Storm Warnings
Global oil prices traded firmly higher Wednesday as U.S. drillers began evacuating staff from rigs in the Gulf of Mexico amid concern that a tropical depression could pick up speed over the coming days before landing on the Upper Texas Coast. Global oil prices traded firmly higher Wednesday as U.S. drillers began evacuating staff from rigs in the Gulf of Mexico amid concern that a tropical depression could pick up speed over the coming days before landing on the Upper Texas Coast. The National
Read in TheStreet: https://apple.news/
British ambassador who called Trump “inept” in leaked cables to resign
The British ambassador to the U.S. resigned on Wednesday, days after leaked cables that criticized President Trump escalated tensions between the two close allies.
Read in The Hill: https://apple.news/ACL_
Fed chair signals openness to cutting interest rates
Federal Reserve Chairman Jerome Powell pushed the central bank closer to cutting interest rates this month by saying the economy continues to face downside risks including the U.S.-China trade war and sluggish inflation.
Read in Bloomberg: https://apple.news/
Fed chair looks for backup from Congress amid Trump onslaught
Federal Reserve Chairman Jerome Powell is one of President Donald Trump's favorite targets, but he's cultivated an army of fans at the other end of Pennsylvania Avenue.
Read in CNN Politics: https://apple.news/
Louisiana declares state of emergency as residents brace for possible hurricane
"This was next-level in terms of the absolute deluge of water coming down so fast," a visiting teacher said of heavy rain that flooded New Orleans.
Read in NBC News: https://apple.news/
New Orleans is already getting flooded by what could turn into a hurricane
The first tropical system to slam the US this year is expected to make landfall as a hurricane on the Gulf Coast.
Read in CNN: https://apple.news/
Trump administration says it has terminated support for controversial anti-Iran campaign that 'smeared US citizens'
The Trump administration says it has ended support for a controversial anti-Iran campaign that “smeared US citizens”.
Read in The Independent: https://apple.news/
For Wall Street, Brazil Is Back, Baby!
Brazil's stock market is jumping. Once pension reform passes, big investors will be moving on to bigger things.
Read in Forbes: https://apple.news/
This may be your last chance to take advantage of Puerto Rico’s best tax benefits
Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive policies of...
Read in Sovereign Man: https://apple.news/
Want to help people in Venezuela? Your best bet might be bitcoin.
As the Venezuelan government clamps down on aid coming into the country, donors have turned to cryptocurrencies.
Read in Vox: https://apple.news/Ai6pWfrc_
There's a 'good backdrop' for emerging market fixed income
Brett Diment of Aberdeen Standard Investments explains why he says emerging markets fixed income have been in a bit of a "Goldilocks" period.
Read in CNBC: https://apple.news/
Still acceptable to take risk in emerging market debt, strategist says
Richard Urwin, chair of investment committee at Saranac Partners, discusses the bond market.
Read in CNBC: https://apple.news/ADBK7S4I_
Analyst gives his picks for favorite emerging market bonds
Emerging market bonds could perform well going forward, and an analyst from Aberdeen Standard Investments picked three countries he likes — and one he doesn't.
Read in CNBC: https://apple.news/
Timeline: Tension between Iran and the West over nuclear plans, Gulf shipping
Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect and British naval forces seized an Iranian supertanker.
Read in Reuters: https://apple.news/
There's a new goal for US-Iran policy
Do we want to try, by whatever means necessary, to keep Iran from building a nuclear weapon?
Read in The Hill: https://apple.news/
U.S. argues its case against Iran to a divided world
Trump admin. called a special session of atomic agency over Iran's nuclear deal breaches, but Iran and Russia say it's the U.S. that broke its promise
Read in CBS News: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
10 best cities in America for single parents
According to the American Psychological Association, stressors unique to single parents include custody challenges and inter-parent conflict.
Read in Ladders: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know for Today: Britain: 3 Iranian vessels tried to block British ship in Gulf; Facing calls for resignation, Acosta defends Epstein deal; Exclusive: Officer accuses general of sexual misconduct; "Robot umpires" debut in baseball League
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Gold Prices Pull Back from $1,400 Ahead of Powell Testimony
Commodities Jul 10, 2019 11:36 GMT Investing.com - Gold prices pulled away from the $1,400 psychological level ahead of Federal Reserve Chairman Jerome Powell’s semiannual monetary policy report to Congress. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $2.45, or 0.2%, to $1,398.15 a troy ounce by 7:33 AM ET (11:33 GMT). “Powell’s testimony is expected to be perused word-for-word by gold traders looking for clues on how the Fed chief will be
Read in Investing.com: https://apple.news/
Commodities Jul 10, 2019 11:36 GMT Investing.com - Gold prices pulled away from the $1,400 psychological level ahead of Federal Reserve Chairman Jerome Powell’s semiannual monetary policy report to Congress. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $2.45, or 0.2%, to $1,398.15 a troy ounce by 7:33 AM ET (11:33 GMT). “Powell’s testimony is expected to be perused word-for-word by gold traders looking for clues on how the Fed chief will be
Read in Investing.com: https://apple.news/
Gold declines amid anticipated Fed head testimony
Mubasher: Gold retreated on Wednesday as expectations of a big interest rate cut faded, as markets were anticipating Federal Reserve Chairman Jerome Powell's congressional testimony.
Read in Mubasher: https://apple.news/
Gold Prices Rise on Powell's Comments
Commodities Jul 11, 2019 04:04 GMT Investing.com - Gold rose on Thursday in Asia after the U.S. Federal Reserve indicated that it’s preparing to cut interest rates despite a strong U.S. jobs report released last week. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 1% to $1,426.05 by 11:57 AM ET (03:57 GMT). Fed chairman Jerome Powell said overnight that the central bank “will act as appropriate” to counter slowing business investments
Read in Investing.com: https://apple.news/
UPDATE 1-Oil heavyweights, miners lift FTSE 100 out of losses
* FTSE 100 up 0.1%, FTSE 250 down 0.1%
Read in Reuters: https://apple.news/
* FTSE 100 up 0.1%, FTSE 250 down 0.1%
Read in Reuters: https://apple.news/
Oil Prices Rise on Decline in U.S. Crude Inventories
Commodities Jul 11, 2019 05:19 GMT Investing.com - Oil prices rose on Thursday in Asia after data showed U.S. crude inventories fell last week. The Energy Information Administration (EIA) said crude oil inventories plummeted by 9.50 million barrels in the week to July 5. Forecasts predicted a stockpile draw of 3.08 million barrels, after a decline of 1.09 million barrels in the previous week. Oil prices jumped as much 4.5% overnight immediately following the EIA report. On Tuesday, the American
Read in Investing.com: https://apple.news/
Oil Prices Rise on U.S. Crude Inventories Data
Forex Jul 10, 2019 05:21 GMT Investing.com - Oil prices rose on Wednesday in Asia after data showed U.S. crude inventories fell for a fourth straight week. U.S. Crude Oil WTI Futures were up 1.4% to $58.63 by 1:20 AM ET (05:20 GMT). International Brent Oil Futures gained 1.0% to $64.81. Crude inventories fell by 8.1 million barrels in the week to July 5 to 461.4 million, compared with analyst expectations for a decrease of 3.1 million barrels, according to data from industry group the American
Read in Investing.com: https://apple.news/AGB63Y-
Oil & Gas: Where Is The Capital Flowing?
The last two years have seen record low levels of mergers and acquisitions activity in the oil and gas sector in the United States.The upstream industry has seen record low numbers of PE deals.There are fewer deals per quarter, but they are of greater value when they do occur.
Read in Seeking Alpha: https://apple.news/
METALS-Base metals gain after 'constructive' U.S.-China phone call
(Updates prices)
Read in Reuters: https://apple.news/Awe_
BANKS/BANKING/CREDIT
Zimbabwe: Individuals, NGOs Trade U.S.$9 Million On the Interbank Market in Five Days
The Reserve Bank of Zimbabwe (RBZ) says almost US$9 million was traded by individuals and Non-Governmental Organisations (NGOs) on the interbank market in five consecutive days last week. The development could come as a sign government's controversial move to abandon the multi-currency regime for the local dollar was bearing fruit. Addressing guests at a Zim-dollar return feedback meeting early this week, central bank governor John Mangudya said clients who trusted the black market to sell their
Read in AllAfrica: https://apple.news/AQ-
Deutsche Bank looks to boost wealth management as part of reinvention
With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets.
Read in Reuters: https://apple.news/APUS5ND-
JPMorgan Thinks Its New Robot Can Save You A Bundle
JPMorgan Chase jumped into the crowded robo-advisory business Wednesday, offering a service that builds a portfolio of free ETFs.
Read in Investor's Business Daily: https://apple.news/
Citibank is acclaimed as the best bank for high-net-worth families — again
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Banking subscribers. To receive the full story plus other insights each morning, click here. Citibank has been named the "Best Bank for High-Net-Worth Families" by Kiplinger's Personal Finance for the third straight year, Yahoo Finance reports. Kiplinger cited an abundance of unique perks - particularly those that come with its Citigold package - as the primary reason for naming Citibank the winner. BBVA was
Read in Business Insider: https://apple.news/AMugm-
Japan's SoftBank makes bet to challenge Brazil's concentrated banking sector
Japan's SoftBank <9434.T> has led a $231 million new financing round for Brazilian lending platform Creditas, valuing it at $750 million and funding a future expansion to other Latin American countries, Sergio Furio, the founder of Creditas, said.
Read in Reuters: https://apple.news/
How To Bank Efficiently
Unless you’re someone who keeps all of their savings hidden under your mattress, your bank matters to you. Banking efficiently includes picking a bank that allows you to bank from anywhere in the world at your convenience. When you’re banking efficiently, you’re avoiding unnecessary fees, such as ATM and maintenance fees. Most importantly, you’re using the power of technology to maximize your banking habits. Many people think finding a bank with no fees or minimums is the best way to bank
Read in Benzinga: https://apple.news/
TREASURIES/BONDS/STOCKS
Here’s how the stock market’s ‘bad news is good news’ run could come to an end
Investors are treating bad news like good news—and vice versa—when it comes to the stock market. Deteriorating earnings could put an end to that dynamic, warns an analyst at UBS.
Read in MarketWatch: https://apple.news/
Weak U.S. data could trigger 10% stock plunge, says strategist
Looking for surprises? Watch the data not the monetary policy says our call of the day from Elia Lattuga, the deputy head of strategy research at UniCredit.
Read in MarketWatch: https://apple.news/
Reminder: Wall Street Does Not Equal Main Street
As the underlying economy lags, stocks surge ahead on hopes that the Fed will save the bull market. There is a rift forming between Wall Street and the Main Street economy. Favorable financial conditions and buybacks bolster stocks, but the economy is stumbling. The lie that we investors tell ourselves will soon be exposed as false. What is the lie? That corporate earnings per share is a measurement of the health of the economy.
Read in Seeking Alpha: https://apple.news/AFLF3E-
Hedge funds move away from unpopular 'two and 20' fee model - survey
Hedge funds are ditching thetraditional "two and twenty" fee structure that has hurt thesector's public image and invited criticisms of poor value formoney, a global survey of hedge fund managers showed onWednesday.
Read in Reuters: https://apple.news/
Top 5 Things to Know in the Market on Thursday
Economy Jul 11, 2019 09:45 GMT Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 11: 1. Inflation, jobless claims, more Powell testimony in spotlight Fed Chairman Jerome Powell will be back in the spotlight Thursday, after hinting a day earlier that the central bank will likely move forward with a quarter-point rate cut at its next meeting later this month. Although Powell will repeat the same testimony beginning at 10:00 AM ET (14:00 GMT) -
Read in Investing.com: https://apple.news/
Day Ahead: Top 3 Things to Watch
Stock Markets Jul 10, 2019 20:08 GMT Investing.com - Here's the top 3 things that could rock markets tomorrow. Labor, Inflation, Powell Testimony in Spotlight Fed Chairman Jerome Powell will be in the spotlight again Thursday, after hinting on Wednesday the central bank likely will roll out rate cuts at its next meeting later this month. Powell will appear before the Senate Banking Committee. On the economic data front, inflation and jobless claims data will be in the spotlight. Both reports are
Read in Investing.com: https://apple.news/
Investors are too pessimistic about the global economy, US-China trade war, says HSBC Global Asset Management
Investors are being too pessimistic about the global economy and the effects of the trade war between the United States and China, according to HSBC Global Asset Management. Bill Maldonado, the chief investment officer for Asia-Pacific, said that this…
Read in South China Morning Post: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Zimbabwe banned the US dollar from being used so local bitcoin demand is soaring again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle. The cryptocurrency is trading briskly here after president Emmerson Mnangagwa’s government banned the use of foreign currencies for settlement of local transactions. It comes as Zimbabwe re-introduced the Zimbabwe dollar unit it abandoned in 2009 and banned settlement of local...
Read in Quartz: https://apple.news/
Cryptos Are Challenging Traditional Monetary Policy, And The Economic Expansion Roars On
Jamie Dimon once called bitcoin buyers stupid. Now JPMorgan is starting client trials of its own digital currency, the JPM Coin.The current economic expansion has reached a record 121 months - June 2009 to July 2019.Amazon turned 25 years old. Last month, it was announced that the Federal Trade Commission agreed to scrutinize Amazon and Facebook for antitrust violations.
Read in Seeking Alpha: https://apple.news/
Blockchain Firm Diginex May Soon List on Nasdaq in the US: Report
The blockchain and cryptocurrency services firm could soon to go public in the U.S. via a reverse IPO, a report says.
Read in CoinDesk: https://apple.news/
Volatility Is Essential For Bitcoin Price To Hit $50,000 - Bitcoinist.com
There are quite some ‘bitcoin detractors’ out there, who often denounce the digital asset for its volatility. With another pump today there is no doubt that BTC has been as volatile as ever over the past few weeks but is it such a bad thing? Bitcoin Price Back To $13000 Yet again bitcoin price has surged during Asian trading, breaking $13,000 a couple of hours ago. Many expected a prolonged correction down below $10,000 but that simply has not materialized. The move takes BTC above resistance on
Read in Bitcoinist.net: https://apple.news/
Commercial Debt Market Goes Live With Backing From Coinbase Venturesw
With Cadence, an ethereum-powered marketplace, institutional and accredited investors can now fund short-term loans to small businesses.
Read in CoinDesk: https://apple.news/
Second “Drop Gold, Buy Bitcoin” Ad on The Way - Bitcoinist.com
Do you remember Grayscale Investment’s “Drop Gold, Buy Bitcoin” ad that went viral on social media? Well, Barry Silbert, founder and CEO of the largest crypto asset manager in the world, announced that a second TV ad is in production right now. Second “DropGold” Ad Got the Green Light If you happen to keep gold in a depository account or at home, it’s time to get rid of it and buy Bitcoin instead. This might be the message of the second TV ad by Grayscale Investments for its flagship product –
Read in Bitcoinist.net: https://apple.news/AkxKIe-
CURRENCIES
Forex - Dollar Flat Ahead of Powell; Sterling Hits 2-Year Low
Forex Jul 10, 2019 07:59 GMT Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress. Powell is due to start his testimony at 10:00 AM ET (14:00 GMT), against a backdrop of elevated uncertainty over the path of interest rates for the rest of the year. The market has scaled
Read in Investing.com: https://apple.news/A-
Dollar Drops as Fed Chair Powell Makes Dovish Remarks
Forex Jul 10, 2019 12:50 GMT Investing.com - The U.S. dollar traded lower on Tuesday after Federal Reserve Chairman Jerome Powell signaled a readiness to cut interest rates in response to "uncertainty" over the outlook for the U.S. economy. The prepared testimony was released by the Fed ahead of Powell’s appearance at the House Committee on Financial Services. Powell noted that uncertainties related to trade and the global economy continued to weigh on the outlook, while adding that there was a
Read in Investing.com: https://apple.news/Afm-
Forex - U.S. Dollar Falls as Powell Hints Readiness to Cut Rates
Forex Jul 11, 2019 04:51 GMT Investing.com - The U.S. dollar retreated on Thursday in Asia after Federal Reserve chairman Jerome Powell signalled the central bank is ready to cut interest rates soon. The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.2% to 96.507 by 12:47 AM ET (04:47 GMT). Despite a strong jobs report released last week, Powell indicated that overall growth has "moderated" and said "there is a risk that weak inflation will be even
Read in Investing.com: https://apple.news/
Forex Jul 11, 2019 04:51 GMT Investing.com - The U.S. dollar retreated on Thursday in Asia after Federal Reserve chairman Jerome Powell signalled the central bank is ready to cut interest rates soon. The U.S. dollar index that tracks the greenback against a basket of other currencies was down 0.2% to 96.507 by 12:47 AM ET (04:47 GMT). Despite a strong jobs report released last week, Powell indicated that overall growth has "moderated" and said "there is a risk that weak inflation will be even
Read in Investing.com: https://apple.news/
Pound Plunges to Two-Year Low on Signs of Economic Gloom
The pound slumped to a two-year low as signs of economic downturn mounted in a market increasingly betting that policy makers will have to cut borrowing costs.
Read in Bloomberg: https://apple.news/
Branson warns pound to plummet in no-deal Brexit
Virgin boss tells the BBC a UK no-deal departure from the EU would be ‘devastating’ for Virgin.
Read in BBC News: https://apple.news/
Sterling at the bottom of investors' wishlist as no-deal Brexit fears persist
The British pound has continued to spook investors amid fears of the U.K. crashing out of the European Union without a deal on Halloween day.
Read in CNBC: https://apple.news/
Mexican peso drops after Finance Minster Urzua resigns
The Mexican peso dropped against the U.S. dollar on Tuesday after Mexico's finance minister, Carlos Urzua, stepped down from his post.
Read in CNBC: https://apple.news/A1YMw-
Breakingviews - Budweiser and Alibaba flag Hong Kong dollar oddity
HONG KONG (Reuters Breakingviews) - The boring Hong Kong dollar has been more exciting of late. A couple months after a U.S. hedge fund manager targeted the currency, it is moving sharply. Two giant upcoming stock sales are a major factor, but the recurring phenomenon flags a peculiarity of the system.
Read in Reuters: https://apple.news/
Zimbabwe: Health Minister Warns Pharmacies Charging in Forex
Government has warned all the pharmaceutical companies and retail pharmacies charging in United States dollars or equivalent RTGS dollars interbank rate to desist from practice or face unspecified action from the authorities. Health and Child Care Minister Obadiah Moyo said at a post cabinet media briefing Tuesday that pharmacies that have pegged their prices in US dollars or set their prices against prevailing parallel market rates should stop the practice forthwith or face the consequences.
Read in AllAfrica: https://apple.news/
HEALTH / SCIENCE
Crackdown on unproven stem cell therapies long overdue, Ottawa doctor says
An Ottawa doctor says it's about time Health Canada cracked down on clinics offering unproven and potentially unsafe treatments that inject patients with their own cells, and he'd like to see the provinces follow suit.
Read in CBC News: https://apple.news/
Australian seagulls could carry drug-resistant superbugs, study finds
Some Australian seagulls are infected with superbugs resistant to antibiotics, according to new research, which raises concerns that the bacteria could spread from the birds to livestock or humans.
Read in CNN: https://apple.news/
Pharma Money And Physician Prescribing Of Painkillers
If people had concerns that unreasonable payments to physicians were driving up gabapentinoid use, after looking at these facts they should be less concerned that this is the case.
Read in Forbes: https://apple.news/
Kidney disease is a growing problem
Almost a quarter of traditional Medicare spending, or $114 billion, goes toward patients who have kidney disease. A large chunk of that, $35 billion, is spent on patients whose kidneys have failed and require dialysis or a transplant, according to the latest federal data.
Read in Axios: https://apple.news/ATy9_
AFM still "a bit of a mystery" to researchers
There’s a new government warning about a serious polio-like illness that mainly strikes young children. Acute Flaccid Myelitis, or AFM, is in peak season, and the CDC says there’s eleven confirmed cases so far. Dr. Tara Narula joins “CBS This Morning” to share updates on a 7-year-old boy struggling with the illness, and discuss why it's still "a bit of a mystery" to researchers.
Read in CBS News: https://apple.news/
America’s EpiPen shortage extends into a second year
Parents and pharmacists are grappling with a continuing shortage of the allergy shots and hurdles that stymie alternatives
Read in Bloomberg: https://apple.news/
If You Fall Asleep Quickly, Experts Say It Could Mean These 11 Things About Your Health
When you get into bed at night, do you relax for a few minutes — maybe reading a book or thinking about your day — before nodding off? Or do you fall asleep immediately, with little to no awareness of your head even hitting the pillow? If the latter…
Read in Bustle: https://apple.news/
USA / CANADA
US Oil Prices Jump as Gulf of Mexico Drillers Brace for Potential Storm Warnings
Global oil prices traded firmly higher Wednesday as U.S. drillers began evacuating staff from rigs in the Gulf of Mexico amid concern that a tropical depression could pick up speed over the coming days before landing on the Upper Texas Coast. Global oil prices traded firmly higher Wednesday as U.S. drillers began evacuating staff from rigs in the Gulf of Mexico amid concern that a tropical depression could pick up speed over the coming days before landing on the Upper Texas Coast. The National
Read in TheStreet: https://apple.news/
Toxic algae threatens Gulf Coast economy
A toxic algae bloom could put the health and economy of communities along the Gulf Coast at risk. Right now, all 21 beaches in Mississippi are closed to swimmers and people and pets are warned to stay out of the water. Manuel Bojorquez reports.
Read in CBS News: https://apple.news/
A toxic algae bloom could put the health and economy of communities along the Gulf Coast at risk. Right now, all 21 beaches in Mississippi are closed to swimmers and people and pets are warned to stay out of the water. Manuel Bojorquez reports.
Read in CBS News: https://apple.news/
British ambassador who called Trump “inept” in leaked cables to resign
The British ambassador to the U.S. resigned on Wednesday, days after leaked cables that criticized President Trump escalated tensions between the two close allies.
Read in The Hill: https://apple.news/ACL_
Fed chair signals openness to cutting interest rates
Federal Reserve Chairman Jerome Powell pushed the central bank closer to cutting interest rates this month by saying the economy continues to face downside risks including the U.S.-China trade war and sluggish inflation.
Read in Bloomberg: https://apple.news/
Pence aide still refuses to reveal why trip was mysteriously scrapped
"I can't talk about that," Pence chief of staff Marc Short told reporters on the White House driveway.
Read in POLITICO: https://apple.news/
"I can't talk about that," Pence chief of staff Marc Short told reporters on the White House driveway.
Read in POLITICO: https://apple.news/
Fed chair looks for backup from Congress amid Trump onslaught
Federal Reserve Chairman Jerome Powell is one of President Donald Trump's favorite targets, but he's cultivated an army of fans at the other end of Pennsylvania Avenue.
Read in CNN Politics: https://apple.news/
Louisiana declares state of emergency as residents brace for possible hurricane
"This was next-level in terms of the absolute deluge of water coming down so fast," a visiting teacher said of heavy rain that flooded New Orleans.
Read in NBC News: https://apple.news/
New Orleans is already getting flooded by what could turn into a hurricane
The first tropical system to slam the US this year is expected to make landfall as a hurricane on the Gulf Coast.
Read in CNN: https://apple.news/
Trump administration says it has terminated support for controversial anti-Iran campaign that 'smeared US citizens'
The Trump administration says it has ended support for a controversial anti-Iran campaign that “smeared US citizens”.
Read in The Independent: https://apple.news/
EMERGING MARKETS
For Wall Street, Brazil Is Back, Baby!
Brazil's stock market is jumping. Once pension reform passes, big investors will be moving on to bigger things.
Read in Forbes: https://apple.news/
Alternative energy efforts in Mexico slow as Lopez Obrador prioritizes oil
With its windy valleys and wide swaths of desert, Mexico has some of the best natural terrain to produce wind and solar energy.
Read in Los Angeles Times: https://apple.news/AeWmpA0B_
With its windy valleys and wide swaths of desert, Mexico has some of the best natural terrain to produce wind and solar energy.
Read in Los Angeles Times: https://apple.news/AeWmpA0B_
This may be your last chance to take advantage of Puerto Rico’s best tax benefits
Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive policies of...
Read in Sovereign Man: https://apple.news/
Want to help people in Venezuela? Your best bet might be bitcoin.
As the Venezuelan government clamps down on aid coming into the country, donors have turned to cryptocurrencies.
Read in Vox: https://apple.news/Ai6pWfrc_
There's a 'good backdrop' for emerging market fixed income
Brett Diment of Aberdeen Standard Investments explains why he says emerging markets fixed income have been in a bit of a "Goldilocks" period.
Read in CNBC: https://apple.news/
Still acceptable to take risk in emerging market debt, strategist says
Richard Urwin, chair of investment committee at Saranac Partners, discusses the bond market.
Read in CNBC: https://apple.news/ADBK7S4I_
Analyst gives his picks for favorite emerging market bonds
Emerging market bonds could perform well going forward, and an analyst from Aberdeen Standard Investments picked three countries he likes — and one he doesn't.
Read in CNBC: https://apple.news/
MIDDLE EAST
Timeline: Tension between Iran and the West over nuclear plans, Gulf shipping
Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect and British naval forces seized an Iranian supertanker.
Read in Reuters: https://apple.news/
There's a new goal for US-Iran policy
Do we want to try, by whatever means necessary, to keep Iran from building a nuclear weapon?
Read in The Hill: https://apple.news/
U.S. argues its case against Iran to a divided world
Trump admin. called a special session of atomic agency over Iran's nuclear deal breaches, but Iran and Russia say it's the U.S. that broke its promise
Read in CBS News: https://apple.news/
Iranian boats attempted to seize British tanker
(CNN) - Five armed Iranian Islamic Revolutionary Guard Corps boats unsuccessfully tried to seize a British oil tanker in the Persian Gulf Wednesday, according to two US officials with direct knowledge of the incident
Rebuilding Mosul: Iraq says Iran sanctions threaten progress
Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq. It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove ISIL fighters from the capital of their self-declared caliphate. Reconstruction efforts are not being helped by the sanctions imposed by the US on Iraq's ally Iran. UN agencies estimate it may take tens of millions of dollars and 10 years just to remove mines and explosives. Al Jazeera's Osama Bin Javaid
Read in Aljazeera: https://apple.news/
Exclusive: New Kurdish PM says priority is stronger Baghdad ties, rather than independence
Two years after a failed independence bid plunged Iraq's Kurdistan Region into months of instability, the new regional prime minister said his priority was strengthening ties with Baghdad, signaling dreams of self-rule should be put on hold.
Read in Reuters: https://apple.news/A0H6Uk_
U.S. Senate Foreign Relations chairman offers bill on Saudi rights
The Republican chairman ofthe U.S. Senate Foreign Relations Committee, Senator Jim Risch,has introduced legislation seeking to push back on Saudi Arabiaover human rights and criticizing Crown Prince Mohammed binSalman.
Read in Reuters: https://apple.news/
Lebanon PM: US sanctions won't affect government
Lebanese Prime Minister Saad al-Hariri said on Wednesday that U.S. sanctions targeting Hezbollah MPs moved in a "new direction" from existing measures, but would not affect government work.
Read in Reuters: https://apple.news/
AFRICA
Bulawayo city authorities have failed to meet their four-day grace period promised to residents to restore tap water supplies to households following major refurbishment works at the city's reservoirs. The city council announced a crippling four-day water shedding schedule last week starting from Tuesday up to Saturday. However, a survey carried out by NewZimbabwe.com Tuesday revealed that some suburbs have failed to receive the necessity despite the lapse of the official council water shedding
Read in AllAfrica: https://apple.news/
Zimbabwe: Civil Servants Start Receiving Allowances
Civil servants yesterday started receiving a cushioning allowance, while the National Joint Negotiating Council (NJNC) convened a meeting to discuss an increment and other conditions of service for Government workers. Members of the Zimbabwe Defence Forces (ZDF) received salaries adjusted with the cushion allowance, while other members of the civil service are expected to get theirs on their scheduled pay dates. Those who spoke to The Herald yesterday said they received an adjustment which
Read in AllAfrica: https://apple.news/
Zimbabwe: Tax Scam Costs Govt Billions
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special clothing manufacturers' rebate (CMR) designed to protect domestic apparel producers from external competition. A month-long investigation into the conduct of some industry players showed that after benefiting from the rebate on imported fabrics, some clothing manufacturers were using transfer pricing,
Read in AllAfrica: https://apple.news/
Zimbabwe: City of Harare, Ukraine Investor Agree to Resolve Dispute Out of Court
The business agreement impasse between the City of Harare and Ukraine investor, Augur Investments (Pvt) Ltd, that had seen the parties dragging each other to court over the years, has finally been resolved after the parties have resolved to settle the dispute outside court. The parties have withdrawn all civil and criminal matters which were pending against each other before the courts. The City of Harare is involved in several projects with Augur Investments but progress had stalled owing to
Read in AllAfrica: https://apple.news/
Zimbabwe Seeks Re-Engagement With Britain
(Photo: The Herald) Harare Zimbabwe is keen to mend strained relations with former coloniser, Britain. The Southern African country is desperate for investment as its economy is on a decline. Foreign Affairs Minister, Sibusiso Moyo, is expected to address a gathering of Westminster Africa Business Group executives on investment opportunities and Ease of Doing Business in Zimbabwe from Wednesday to Sunday. "This is furtherance of the ministry's economic recovery diplomacy policy to secure
Read in AllAfrica: https://apple.news/
Botswana: Commercial Ranches, Arable Farms Up for Grabs Soon
Molepolole Commercial pastoral ranches and NAMPAAD commercial arable farms in the Kweneng District will soon be available for eligible citizens following their demarcation and surveying. Kweneng Land Board chairperson Mr Moemedi Babitseng said on July 8 during the land board's July sitting that the surveyed maps of the farms had been approved by the Department of Surveys and Mapping. He further briefed the board that the invitation to tender was currently being drafted. Mr Babitseng said the KW6
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Zambia: Fuel Prices to Go Up?
The Government has projected a rise in the fuel pump prices driven by the depreciation of the Kwacha and increased cost of crude oil on the international market. Energy Minister Mathew Nkhuwa told Parliament in a ministerial statement yesterday that since the last downward adjustment in February this year, the Kwacha depreciated. He said the Kwacha depreciated against the United States (US) dollar by 9.71 per cent from the February average rate of K11.94 to a dollar to the mid-year level of
Read in AllAfrica: https://apple.news/
ASIA
Chinese city introduces hotel sheets that tell you when they were last washed
A city is China is giving tired travelers some peace of mind, launching a high-tech system that reveals when bed linen was last washed.
Read in CNN: https://apple.news/
Exclusive: West, Japan rebuke China at UN for detention of Uighurs
Nearly two dozen countries have called on China to halt its mass detention of ethnic Uighurs in the Xinjiang region, the first such joint move on the issue at the U.N. Human Rights Council, according to diplomats and a letter seen by Reuters.
Read in Reuters: https://apple.news/AfRkAA5J-
Trade war tariffs are new normal and may be difficult to remove, says former US ambassador to China
A former US ambassador to China has said the tariff war had become the “new normal” in the countries’ relationship despite the resumption of trade talks. Max Baucus, the top US envoy in Beijing from 2014 to 2017, said on the sidelines of a US-China trade…
Read in South China Morning Post: https://apple.news/
China shares fall as June producer prices fuel growth, deflation fears
* SSEC -0.44%; CSI300 -0.17%
Read in Reuters: https://apple.news/
China tech bonds reward investors as trade war fears ebb
The beaten-down bonds of Chinese internet companies have rebounded since the May flare-up in U.S.-China trade tensions, reaping a good profit for investors who braved the storm to buy the dips.
Read in Reuters: https://apple.news/
China June exports seen falling, adding to fears of global slowdown: Reuters poll
BEIJING (Reuters) - China's exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world's largest trading nation, a Reuters poll showed. Imports are expected to have fallen for a second straight month, pointing to continued weakness in domestic demand and highlighting the need for Beijing to roll out more economic support measures. If Friday's trade data are in line with the downbeat forecasts or worse, it could spark concerns about a
Read in Business Insider: https://apple.news/
EUROPE
U.K. Parliament Flexes Muscle as Johnson Doubles Down on No-Deal
Members of Britain’s Parliament delivered a sharp warning to the country’s next prime minister: they will not allow him to pursue a no-deal Brexit without a fight.
Read in Bloomberg: https://apple.news/
Anti-Brexit parties take step towards ‘Remain alliance’ after forming new group
Pro-EU political parties are set to take a major step towards forming a national “Remain alliance” by working together with a new organisation designed to increase the number of anti-Brexit MPs.
Read in The Independent: https://apple.news/A_
Sterling at the bottom of investors' wishlist as no-deal Brexit fears persist
The British pound has continued to spook investors amid fears of the U.K. crashing out of the European Union without a deal on Halloween day.
Read in CNBC: https://apple.news/
UK PM candidate Johnson: 'Very odd' to involve courts in Brexit decision
Boris Johnson, the leading contender to be Britain's next prime minister, said on Wednesday it would be "very odd" to give the judiciary a say over Brexit, responding to the threat of a legal challenge by former prime minister John Major.
Read in Reuters: https://apple.news/Aiovv4_
Resurgent pound and Fed anticipation sends London markets downA resurgent pound and anticipation of Federal Reserve chair Jerome Powell’s testimony sent London markets lower.
Read in MarketWatch: https://apple.news/
Trump's power play on UK envoy sends ruthless message to alliesPresident Donald Trump's power play in hectoring Britain's ambassador out of the country dealt humiliation to America's top ally and sent a message that strong relations with the US are dependent on flattering the President.
Read in CNN Politics: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI Closed on Friday and Saturday
The currency auction is
There are no news and announcements.
Rafidain launches a new meal of the predecessor of state employees
Editorial Date: 2019/7/12 9:44 • 162 times read
{Baghdad: Al-Furat News} Rafidain Bank launched a new meal from the advance of employees of the State Departments, which ranged between 3 and 5 and 10 million dinars through the MasterCard card International.
The bank's information office said in a statement received by the agency {Euphrates News} a copy today, that "a new batch of advances of State Department employees were transferred to more than 1,700 employees whose salaries were settled at the bank and got the electronic card.
The statement added that "the disbursement of this advance was through the customer's fingerprint and then notify the employee by sending a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to it."
The statement added that "the disbursement of this advance was through the customer's fingerprint and then notify the employee by sending a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to it."
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
7-11-2019 Newshound Guru MilitiaMan Article: "The central bank goes beyond the technical gap and the challenges of digital transformation" ...this one has my eye and big time. They are literally telling you they are ready to hit the pavement running. What timing. They are talking in International Standards and are at platform ready status in a fourth Axis... That has me scratching my head, but the implications are realm of going live with the currency, stocks, etc.. imo. ~ WOW~
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet.
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7/12/19
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister of the Armed Forces, Mr. Adel Abdul Mahdi, receives the Parliamentary Security and Defense Committee
The Prime Minister of the Armed Forces, Mr. Adel Abdul-Mahdi, received today the Parliamentary Security and Defense Committee
In the framework of cooperation between the executive and legislative authorities. During the meeting, they discussed enhancing the security and stability situation witnessed by all governorates, in addition to the developments of the military operation (the will of victory), which is successfully implemented by the Iraqi forces to eliminate the remnants of da'ash. Armed forces of all types and formations and high confidence to achieve impressive results at all stages of the (will of victory).
The meeting also stressed the importance of cooperation and coordination between different types and formations to perpetuate victory, secure the borders, support stability and fill any gap that may be exploited by the organization calling the terrorist.
Media Office of the Prime Minister
11 July 2019
***************
ARTICLE 1-B (from PM Madhi's website; posted only on Arabic side, not on English side)
Supreme Council for the fight against corruption issues decisions and guidance on files related to the oil partnership and the recovery of funds and follow-up of wanted with the International Police
The Supreme Council for Combating Corruption held its 15th meeting under the chairmanship of the Prime Minister, Adel Abdul Mahdi.
The Council discussed a number of topics on its agenda. The Council listened to a brief submitted by the Ministry of Oil regarding the partnership contract between the Iraqi Oil Tankers Company and the Arab Maritime Oil Transport Company. The decision was taken to limit the marketing and sale of black oil through the Sumo National Oil Company exclusively.
The Council reviewed the report of the Secretariat of the Supreme Commission for Inter-Provincial Coordination on the work of the offices of the inspectors in the provinces for the ministries that transferred the powers to it and the need for complementarity of work between local governments and the central government to make the best use of the presence of offices of inspectors in the provinces and give them the necessary powers to perform their duties.
Regarding the investigation with the Governors and the heads of the provincial councils, the Council stressed that the investigations should be fair and fair and instructed the Permanent Investigative Commission formed for this purpose to exercise its powers and not to tolerate investigations and to provide the judiciary with the necessary facts and data to enable it to perform its role in accordance with the legal and fundamental contexts. On the need to provide the Supreme Council for the fight against corruption files of conservatives who have been dismissed or dismissed from office on the basis of corruption indicators so that it can take the necessary.
And briefed the Board on the reports of the Integrity Commission in regard to the Department of the recovery of funds outside Iraq and directed follow-up file of Iraqi funds and real estate outside Iraq as well as the Department of Prevention in the real estate registration departments and directed the completion of audits.
The Council stressed the need for local governments to abide by constitutional and legal contexts on the legislation of laws and not to exceed their powers in this regard.
The Council instructed the Ministries of Interior and Foreign Affairs to follow up with Interpol.
And to achieve the best cooperation for the extradition of wanted persons to the Iraqi judiciary and activate the bilateral agreements in this regard.
Media Office of the Prime Minister
11 July 2019
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ARTICLE 1-C (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul Mahdi in his contact with the head of the Shiite Waqf Bureau: Security agencies are tracking and will hold accountable anyone who begs himself to exceed the prestige of the state and its institutions and citizens
The Prime Minister of the Armed Forces, Mr. Adel Abdul Mahdi, that the security services are tracking and will be held in accordance with the Constitution and the laws in force, whoever begs himself to override the prestige of the state and its institutions and citizens, condemning the attack on the headquarters of the head of the Shiite Waqf in Baghdad on Wednesday afternoon.
This came during the contact of His Excellency with the permission of Mr. Alaa Moussawi, President of the Board to check on his health.
The Prime Minister stressed that the violation of the prestige of the state and the inviolability of its institutions is unacceptable and can not be tolerated.
He called on all political and social forces to support security measures aimed at enforcing the law and unite to stand united to protect the prestige of the state and the inviolability of its institutions and citizens.
Media Office of the Prime Minister
11 July 2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-11-2019 around 8:30 am Eastern
Commander-in-Chief @AdilAbdAlMahdi says Iraqis will not rest until all terrorist cells are eliminated from our country, as Iraq’s Armed Forces conduct Operation #WillOfVictory in the desert area between Salahuddin, Nineveh and Anbar provinces,
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ARTICLE 3
Abdul Mahdi's relationship with Kurdish leaders raises political skepticism .. Courtesy at the expense of interest
The relationship between the Prime Minister of Iraq, Adel Abdul Mahdi, and the Kurdish leaders to a wide political controversy and controversy in the country, especially in recent weeks, and while questioning the nature of the nature and prepared unbalanced and at the expense of other provinces, other blocs began to prepare for his parliamentary questioning and accused of courtesy of the Kurdish side .
Over the past nine months of the presidency of the government, Abdul Mahdi seeks to address the outstanding issues between Baghdad and Erbil, has been conducting dialogues between the two sides sometimes stop and continue, while the study of most of the outstanding issues and the search for solutions.
In general, the outstanding issues for several years provoke the anger of some political parties, especially the blocs that broke away from the former National Alliance , which ruled the country for several rounds of elections, which stood firm on any political solutions that brings together the governments of the Center and the region,
According to Iraqi government and parliamentary sources, "Abdul-Mahdi and in coordination with President Barham Saleh is working to settle the outstanding issues with Kurdistan, through a timetable to discuss those files and the development of solutions or settlements.
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ARTICLE 4
The House of Representatives votes on the amnesty bill of tax penalties
2019/7/11 15:42
[Baghdad-where]
The House of Representatives voted on Thursday on a bill amnesty from tax penalties. A parliamentary source said in a press statement that "the House of Representatives voted on the draft law amnesty of tax penalties."
The House of Representatives held earlier in the day its 32 regular session headed by Mohammed Halbusi.
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ARTICLE 5
The official day of Sunday will be suspended due to the anniversary of the July 14 revolution
2019/7/11 15:36
[Baghdad-where]
The General Secretariat of the Council of Ministers announced on Thursday, the disruption of the official working day on Sunday.
"The General Secretariat of the Council of Ministers announces the suspension of the official working day next Sunday, 14/7/2019," the Secretariat said in a statement received by the All-Iraq News Agency [IN] a copy of it.
"The holiday comes on the occasion of the anniversary of the July 14 revolution."
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