WOTS Monday 7/8/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.0000 | 1179.2000 | 1180.2000 | | 00:00 |
| USD/VND | | | 23237.1100 | 23236.6000 | 23237.1100 | | 00:00 |
| USD/CNY | | | 6.8942 | 6.8788 | 6.8926 | | 05:07 |
| USD/KWD | | | 0.3037 | 0.3031 | 0.3037 | | 05:02 |
| GBP/USD | | | 1.2540 | 1.2511 | 1.2527 | | 05:15 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14192.0000 | 13952.0000 | 14076.0000 | | 05:11 |
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DC NY Iraq Articles:dd
Parliament votes to amend the federal budget law today
Release date: 2019/7/8 9:14 • 235 times read
(Baghdad: Al Furat News) The Iraqi Council of Representatives voted on Monday to amend the first amendment to the Federal Budget Law for the fiscal year 2019.
The House of Representatives said that the parliament will hold the 31st session of the second legislative term on Monday, and its agenda included a vote on the proposal to amend the first amendment to the Federal Budget Law for fiscal year 2019.
The session will also include the vote on the draft law on amnesty from tax penalties, in addition to voting on the draft law of the second amendment to the law of the Union of Geologists, voting on recommendations for the housing crisis, and the second reading of the draft law on communications and informatics.
The session will also include the vote on the draft law on amnesty from tax penalties, in addition to voting on the draft law of the second amendment to the law of the Union of Geologists, voting on recommendations for the housing crisis, and the second reading of the draft law on communications and informatics.
Iraq could surpass Saudi Arabia in Oil Production
8th July 2019 in Iraq Oil & Gas News
By Padraig O’Hannelly.
A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer.
Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said:
“Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have yet to be drilled, so I for one believe that Iraq has a lot of potential, and I wouldn’t be surprised if it becomes the largest producer in OPEC during my career.”
Crescent Petroleum has an interest in the Khor Mor field in the Kurdistan Region of Iraq, and has signed initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana).
Al-Sayadi: Abdul-Mahdi has lost control of the state administration and the provision of services and the parliament to put confidence in his government
2019/8/7
[Baghdad-where]
A member of the House of Representatives Kazem Sayadi, Saturday, Prime Minister Adel Abdul Mahdi, saying he lost control of the state administration and the provision of services, noting that the Parliament in front of the challenge can not be divided on two on the fate of the government.
A member of the House of Representatives Kazem Sayadi, Saturday, Prime Minister Adel Abdul Mahdi, saying he lost control of the state administration and the provision of services, noting that the Parliament in front of the challenge can not be divided on two on the fate of the government.
"The prime minister has lost control of the state administration because of the failure of his ministries," Saidi said in a press statement, noting that "the government of Abdul Mahdi is unable to provide services to the Iraqi people and can not implement the government program."
He added that "the only option before the House of Representatives to restore confidence in the government of Abdul-Mahdi after the apparent failure in the administration of the state and the spread of corruption," adding that "the House of Representatives in front of the challenge can not be divided on two is to re-confidence in the government."
"The tools controlled by the prime minister are controlled from the outside and can not be directed to the right integration," he said.
He added that "the only option before the House of Representatives to restore confidence in the government of Abdul-Mahdi after the apparent failure in the administration of the state and the spread of corruption," adding that "the House of Representatives in front of the challenge can not be divided on two is to re-confidence in the government."
"The tools controlled by the prime minister are controlled from the outside and can not be directed to the right integration," he said.
Parliamentary demands to call the Iraqi ambassador in Washington and punish him
Monday, 8/7/2019
BAGHDAD -
An official in the Iraqi parliament called on the government to recall his country's ambassador to the United States, Farid Yassin, and take action against him following his comments on the development of the relationship with Israel. Local media reported a video showing the ambassador saying that "there are objective reasons that may call for the development of relations with Israel." Ambassador Yassin said during a televised interview last Friday that Baghdad should have relations with Tel Aviv, the presence of a large Iraqi community there, and to benefit from Israeli expertise, especially in the fields of technology and agriculture, he said. "The statements of our ambassador in Washington do not represent Iraq's official and popular position, which rejects any relationship of any kind with the usurping entity of our occupied land in Palestine," Hassan al-Kaabi, the first deputy speaker of parliament, said in a statement. Al-Kaabi called on the Foreign Ministry to "take its role in the accountability and call the ambassador and take all measures to ensure the repetition of statements that harm the fixed positions of the state, and hold accountable anyone who speaks or speaks on behalf of Iraq." Al-Kaabi renewed his rejection of any idea or project that would pave the way for normalization with the occupying entity. Foreign Ministry spokesman Ahmad al-Sahaf said: "inappropriate remarks by the Iraqi ambassador in Washington."
Distribution of the instruments of Article 140 on Kurdish families
2019/08/07 16:24:31
Twilight News / started in Kirkuk, on Sunday, the distribution of compensation packages to the Kurdish families stage covered by Article 140 constitutional, after a pause of several years.
Kaka Rush, a friend of the official office of Article 140 in Kirkuk, said during a televised statement that these instruments are disposed of the allocations of Article 140 in the general budget for the year 2019, amounting to 50 billion Iraqi dinars.
He added that the office of Article 140 in Kirkuk received 230 instruments, which are the right of the families of the phase of Kirkuk, and daily distributed 80 instruments to the compensated, noting that the priority in the distribution of instruments are for the families of martyrs and Monophils and widows.
Kauaihn Iraq Articles:dd
Halabousi is discussing with the American envoy my return to the displaced and the stability of the region
World Bank to lend $200M to Iraq for Electricity Improvement
The World Bank will lend a total of $200 million to Iraq in order for the country to upgrade its electricity grid, the Iraqi Ministry of Finance said in a statement on Sunday.
According to the agreement, which was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank, Iraq will focus on improving the power supply in the southern provinces where people have been protesting against the lack of basic public services, including electricity and other related demands.
Hussein noted that the loans from the World Bank to Iraq were allocated into certain projects related to developing the economic infrastructure.
"There will be attempts to address the problem of power supply in Basra province and surrounding areas in collaboration with the World Bank," the Iraqi minister added.
Iraq is expected to implement the projects within five years and to payback the debts in ten to 15 years.
08-07-2019 08:20 PMBaghdad:
President of the House of Representatives Mohammed Al Halbusi received on Sunday the American envoy to Syria and Iraq, James Jeffrey and his accompanying delegation, in the presence of US Ambassador to Iraq Mr. Matthew Toller.
"The meeting discussed conditions and developments in the region and coordination of issues of mutual interest to enhance security and stability," the office said in a statement received by Al-Halabousi.
He added that the meeting discussed the importance of the continuation of the international coalition to provide support to the Iraqi security forces in the fight against terrorism, the file of securing the border, and defeat defeat, and emphasize the commitment to the sovereignty of Iraq, and discussed the conditions of women and children in the camps of displacement and the need to rehabilitate them, One of the reasons for the emergence of extremist ideology, and work to return the displaced to their areas, and provide the necessary services to enable them to return.
"The meeting discussed conditions and developments in the region and coordination of issues of mutual interest to enhance security and stability," the office said in a statement received by Al-Halabousi.
He added that the meeting discussed the importance of the continuation of the international coalition to provide support to the Iraqi security forces in the fight against terrorism, the file of securing the border, and defeat defeat, and emphasize the commitment to the sovereignty of Iraq, and discussed the conditions of women and children in the camps of displacement and the need to rehabilitate them, One of the reasons for the emergence of extremist ideology, and work to return the displaced to their areas, and provide the necessary services to enable them to return.
For his part, Jeffrey expressed his country's continued support for Iraq, standing by its side in the face of economic and security challenges, and supporting its stability and sovereignty.08-
Deputy: There is almost a political consensus on the holding of local elections in February next
8-07-2019 09:50 PM
Baghdad:
MP of the parliamentary legal committee Hussein al-Aqabi said that the issue of the elections of the provincial councils has not yet been decided on April 20, 2020, despite the holding of several meetings in this regard with the presidency of parliament.
"The federal government prefers to hold the elections in April," al-Aqabi said in a statement read by the news agency. "This date has not been finalized, and 90 percent of the MPs want to hold elections in February next year."
At the same time, Al-Saqib criticized the former federal government as well as the current delay in deciding the holding of provincial council elections, pointing out that these two governments made a grave mistake not to hold the local elections on time or even merge them with the legislative elections.
"There has been a very large and natural possibility of holding elections for at least the last year and a half," he said.
This was a member of the House of Representatives, high Nassif has announced on the second of May, the agreement between the parliamentary legal committee and the Electoral Commission after their last meeting to determine the date of provincial elections on the 20 of April 2020.
MP of the parliamentary legal committee Hussein al-Aqabi said that the issue of the elections of the provincial councils has not yet been decided on April 20, 2020, despite the holding of several meetings in this regard with the presidency of parliament.
"The federal government prefers to hold the elections in April," al-Aqabi said in a statement read by the news agency. "This date has not been finalized, and 90 percent of the MPs want to hold elections in February next year."
At the same time, Al-Saqib criticized the former federal government as well as the current delay in deciding the holding of provincial council elections, pointing out that these two governments made a grave mistake not to hold the local elections on time or even merge them with the legislative elections.
"There has been a very large and natural possibility of holding elections for at least the last year and a half," he said.
This was a member of the House of Representatives, high Nassif has announced on the second of May, the agreement between the parliamentary legal committee and the Electoral Commission after their last meeting to determine the date of provincial elections on the 20 of April 2020.
Security forces continue to pursue pockets of «Da'ash» in Diyala
The start of an Iraqi operation to clear the desert areas on the border with Syria -
8/7/2019
Baghdad: «Gulf», agencies
Iraqi forces announced on Sunday the start of a large-scale security operation in the Western Sahara adjacent to the border with Syria, to clear the cells of a possible sleeper of the militants of the «Da'ash» who seek to use the region to restore their structure, while the security forces announced the start of the implementation of the second page of its security south Kanaan area, Diyala province.
The Joint Operations Command of Iraq said in a statement that the armed forces began «the first phase of the (will of victory) extensive operations to clear the areas confined between the provinces of Salah al-Din and Nineveh and Anbar to the international border of Iraq - Syria». She pointed out that the operations were launched with the participation of the army and militias of popular mobilization and tribal mobilization, with the support of the Iraqi army and the International Alliance.
A military source in the Information Office of the Operations Command Salahaddin that «there are pockets of« urged »in the north-west and south-west of the province of Salah al-Din towards the provinces of Anbar and Nineveh», adding that the process will continue «until the arrival of the (troops) to its final goal». According to security analyst Hisham al-Hashemi, the ongoing process is "the drain of logistical support" to Daish "in an estimated 23% of the area of Iraq». He added that the security forces «currently chasing about a thousand terrorists from the remnants« urged »in the areas of the desert of urban, and Badia, and the islands of Rawa and Altharthar».
On the other hand, the spokesman of the Diyala Police Directorate, Colonel Ghaleb Al-Attiyah said in a statement that "the security forces continue to implement the second page of the security operation in areas south of the Kanaan." "A joint security force from the Diyala police command, under the supervision of the operations command, has begun to carry out its security duties in the villages of Tel al Asmar, Bani Zaid and Al Hasnawi village," he added. He pointed out that «the security forces in the province is determined to pursue the remnants of terrorists, criminals, and the imposition of law and the extension of security and stability in the region». In the context of this, a security source said that the «organization« Daqash »the oldest killed a civilian who participated in the uprising of the family of Sumait against the cells of the« Da'ash »in the orchards of the camp within the Waqf area north-east of Diyala, an armed attack of elements of the organization near his home».
The Joint Operations Command of Iraq said in a statement that the armed forces began «the first phase of the (will of victory) extensive operations to clear the areas confined between the provinces of Salah al-Din and Nineveh and Anbar to the international border of Iraq - Syria». She pointed out that the operations were launched with the participation of the army and militias of popular mobilization and tribal mobilization, with the support of the Iraqi army and the International Alliance.
A military source in the Information Office of the Operations Command Salahaddin that «there are pockets of« urged »in the north-west and south-west of the province of Salah al-Din towards the provinces of Anbar and Nineveh», adding that the process will continue «until the arrival of the (troops) to its final goal». According to security analyst Hisham al-Hashemi, the ongoing process is "the drain of logistical support" to Daish "in an estimated 23% of the area of Iraq». He added that the security forces «currently chasing about a thousand terrorists from the remnants« urged »in the areas of the desert of urban, and Badia, and the islands of Rawa and Altharthar».
On the other hand, the spokesman of the Diyala Police Directorate, Colonel Ghaleb Al-Attiyah said in a statement that "the security forces continue to implement the second page of the security operation in areas south of the Kanaan." "A joint security force from the Diyala police command, under the supervision of the operations command, has begun to carry out its security duties in the villages of Tel al Asmar, Bani Zaid and Al Hasnawi village," he added. He pointed out that «the security forces in the province is determined to pursue the remnants of terrorists, criminals, and the imposition of law and the extension of security and stability in the region». In the context of this, a security source said that the «organization« Daqash »the oldest killed a civilian who participated in the uprising of the family of Sumait against the cells of the« Da'ash »in the orchards of the camp within the Waqf area north-east of Diyala, an armed attack of elements of the organization near his home».
Iraqi MP Warns of "Catastrophic" Conditions in Nineveh's Jails
An Iraqi lawmaker has expressed deep concerns about the "tragic" and "catastrophic" conditions in the Nineveh's prisons, arguing that the situation is much worse than what the Human
Rights Watch’s report states.
Kurdish MP Sherwan Dupirrdani said that over 6,000 detainees are currently held in the province, revealing that they have been living in a "very bad situation," and pointing out that the majority of them were women and children.
He said that what the HRW reported was not detailed well enough in comparison to the actual catastrophic situation inside the province.
Kauaihn Economic Times:
Democracies are on track to lose their economic dominance within a decade
This week's mini-drama over President Donald Trump's Fourth of July speech, with all its military accompaniment, shouldn't distract anyone from the far more significant story of global democratic decline on this 243rd anniversary of American Independence, Frederick Kempe writes.
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These are the best countries to live and work, study says
According to HSBC's annual expat survey, Switzerland is the best place for expats.
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Gold Tumbles as Rate Cut Hopes Lose Luster
Commodities Jul 05, 2019 17:26 GMT By Barani Krishnan Investing.com - Good job numbers are killing gold longs' hopes for a rate cut. A stellar U.S. employment report for June reset market expectations for a Federal Reserve interest rate reduction later this month, sending both bullion and futures of gold skidding on Friday to below the key $1,400 level. Spot gold, reflective of trades in bullion, traded at $1,398.26 an ounce by 1:20 PM ET (17:06 GMT), down $17.08, or 1.2%, on the day. Bullion
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If Gold Is In A Bull Market, Buy Silver - David Brady (05/07/2019)
When Gold falls, the GSR typically rises as Silver falls even further than Gold.The same happens in reverse; when Gold rises, the GSR typically falls as Silver outperforms Gold to the upside.To the extent that we believe this bull market has just begun in earnest, and it has in my opinion, everyone should be buying Silver, not Gold.
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Oil Fundamentally Undervalued
The decision to extend the OPEC+ deal by nine months considerably simplifies forecasting the global balance of the oil market in the current year.The extension of the OPEC+ deal considerably shifts the balance of the oil market towards demand.The current price of oil is clearly below its fundamentally balanced level.
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Big banks view consumer trust as an advantage over challengers
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. As waves of fintech startups rise up to challenge legacy banks, incumbents are finding their high levels of consumer trust to be a chief advantage, CNBC reports. "Customers trust legacy banks to keep their money safe, but they're slightly unsure of fintechs keeping their money safe," Amelia Nicholls, chief of staff at
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Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank.
Deutsche Bank CEO Christian Sewing. Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring will reportedly focus on its US business and could include the cutting of 15,000 to 20,000 jobs. We've outlined what we know about what's going on at Deutsche Bank below. Watch Deutsche Bank trade live. Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's
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4 Cards Currently Offering Welcome Bonuses of 100,000 Points or More
Whether you're new to the world of travel rewards or simply looking to top up one of your balances, credit card welcome bonuses are the fastest way to get you there. There's nothing quite like the thrill of seeing a massive bonus post to your account and realizing how much of the world you'll get...
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The best rewards credit card is different for everyone, and the best choice for you depends on 2 things
If you're not going to use your rewards, it's probably not the right credit card for you. Credit card rewards can be overwhelming and complex. When you can earn points, miles, hotel rewards, and cash back, how do you decide which is best for your lifestyle? It comes down to two things: what you value the most and how to get there with the least amount of resistance. All rewards credit cards offer some benefit and overall value, but it's important to determine what matters most to you before you
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Breakneck growth in China’s credit-card debt since 2012 raises worries about a potential bust, says ratings agency S&P
Credit-card debt has grown more than sixfold in China since 2012, mirroring booms in other Asian markets that ended badly and raising concerns about the potential risks to Chinese banks, according to a new report from S&P Global Ratings. The credit rating…
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How compounding can double your money
Jim Cramer explains why young investors stand to benefit from the magic of compounding.
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US banks could face the same pressures as European counterparts, SocGen chairman warns
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with, Lorenzo Bini Smaghi said.
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The bull case for bonds in your portfolioJim Cramer addresses the lingering question of how much is the right amount of bond exposure.
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Distress in junk bond prices hit 6-month high in June: J.P. MorganMore than $50 billion of junk-rated corporate debt was trading below 70 cents on the dollar last month, according to analysts at J.P. Morgan.
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Buoyant U.S. stocks at odds with downbeat market signalsEven as record highs this week in the major U.S. stock indexes telegraph confidence on Wall Street, caution abounds in other U.S. markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.
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Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest
Following a $1,000 overnight drop, bitcoin’s bulls now have target of $12,061 to mitigate bearish pressure.
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Electrum Wallet Is Adding Support for Bitcoin's Lightning Network
The popular wallet service Electrum is soon to add official support for bitcoin's lightning network, its founder has told CoinDesk.
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Rising Institutional Investment Setting Pace For Future Crypto Growth
Financial institutions have begun to enter crypto with a quickening pace, setting the tone for the remainder of 2019 and 2020.
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Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class
Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.
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Bitcoin tripled to £10,000 after plunging more than 70% in 2018
The unstable virtual currency, which plummeted more than 70 per cent in 2018, has enjoyed a phenomenal rally since the turn of the year.
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The Dollar Index Bounces - Second Thoughts About The Fed
The dollar dropped after the June Fed meeting.De-escalation with China on the trade front is welcome news.The dollar index rises as employment data shed doubts on a rate cut.Commodities stall on the rebound in the greenback.A summer range- UUP and UDN to trade the ups and downs in the dollar index.
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Mexican Peso: I Take A Bullish View
The Mexican peso has shown surprising strength this year against the U.S. dollar.I believe the peso to be undervalued against the greenback and expect further upside.With a normalizing of US-Mexico trade relations on the horizon, the outlook for the peso remains favourable.
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Zimbabwe: Hope as Dollar Strengthens in Parallel Market
(Photo: Zimbabwe Independent) For Zimbabwe President Emmerson Mnangagwa, the re-introduction of the country's currency after a decade of US dollar dominance marks a return to normalcy. To many others, however, it heralded uncertainty; explaining the resistance to the surrogate currency from consumers, traders and experts alike. That experiment now appears to be paying off, holding out hope that Zimbabwe's decade old search for market stability could be in the offing. On June 24, Zimbabwe made
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Citing trade risks, China’s EXIM bank chief urges faster yuan globalization
BEIJING (Reuters) – The chairwoman of China’s Export-Import Bank on Saturday called for an acceleration of reforms to internationalize the Chinese currency, warning that external risks linked to rising global protectionism could harm the financial sector. Hu Xiaolian, speaking at a forum in Beijing, said some countries have been engaged in “constant” efforts to undermine...
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China should promote yuan’s globalisation through cooperation not conflict with US dollar, report says
China should avoid going head to head with the US dollar as it seeks to promote the use of the yuan around the world and instead make London a key offshore centre for the yuan while developing opportunities in countries linked to its Belt and Road…
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Are plant-based burgers healthier than red meat? Dietitians say no.Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren't necessarily better than red meat.
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Rare diseases are not uncommon, and may be the mother lode for the world’s pharmaceutical producers and researchersRare diseases may individually affect a relatively small number of patients compared to common ailments but the overall burden on society is heavy and drug developers should not ignore its market potential, says policy advocate. “Rare diseases are not…
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Ebola death toll exceeds 1,600 mark in DRCEbola death toll exceeds 1,600 mark in DRC
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Opinion: Bill Frist: Lessons not learned in Congo's Ebola outbreakFrom health security to economic security, it's in our nation's best interest to elevate sanitation and hygiene issues impacting the spread of pandemic disease.
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Breast Cancer: Financial And Estate Planning Check-UpA diagnosis of breast cancer will have a profound impact on you. There are many proactive steps you can take to secure your finances and protect yourself and loved ones. Getting the right legal documents iA s important. Adjusting your financial planning for the realities you face can be helpful.
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Adderall side effects now include hallucinationsResearchers found that people are significantly more likely to experience psychotic episodes when taking Adderall than drugs like Ritalin.
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Glaucoma screening in China would be cost-effective and improve lives of millions: reportThe introduction of glaucoma screening in China could save people over the age of 50 from nearly three million years of blindness, according to new research published in The Lancet Global Health. Glaucoma is a condition that damages the optic nerve,…
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The War on SoyThe FDA has proposed revoking soy’s heart health claim in light of recent research suggesting that the effects are actually small, or inconsistent at best. But a new meta-analysis published in the Journal of the American Heart Association shows evidence that soy is just as heart healthy as it’s always been
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Even If You've Never Worked Out Before, These 27 Products Could Help You StartBe prepared to get your heart pumping and these products will ~work out~ the rest!
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Trump Says Fed ‘Doesn’t Have a Clue’
U.S. President Donald Trump continued his attack on the Federal Reserve, saying it “raised rates too soon, too often” and “doesn’t have a clue.”
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A strong economy and Fed rate cuts: the market gets to “have its cake and eat it too”
Investors are paradoxically betting on a Federal Reserve interest rate cut in July as well as strong economic growth
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7.1-magnitude earthquake felt in Southern California, could be largest in 20 years
The epicenter of Friday's powerful quake was 11 miles north-northeast of Ridgecrest, according to the U.S. Geological Survey.
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US calls emergency nuclear watchdog meeting over Iran, after spurning it for 3 years
The US has called an emergency meeting of the UN nuclear watchdog after Iran’s uranium stockpile exceeded the 2015 nuclear deal’s limits. That’s the same body whose reports of Iran’s compliance Washington has ignored for years.
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Cyber Warfare Threat Rises As Iran And China Agree 'United Front' Against U.S.
Iran and China have agreed to collaborate in the cybersecurity domain against the U.S. This potential combination of China's cyber expertise with Iran's thirst for action and escalation should now be a genuine concern.
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Emerging market currencies likely have seen the best of 2019: Reuters pollBy Vuyani Ndaba JOHANNESBURG (Reuters) – Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday. Emerging market currencies have had a relatively resilient year...
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Vedanta Is Cheap And Has It All: India, Silver, Growth, Dividend, Emerging MarketVedanta, a zinc miner, will also be among the top 5 global silver producers in a few years. Thus, it offers a hedge against the current loose monetary environment.Given Vedanta's investment cycle, production will grow around 50% and costs will decline over the next few years.Higher production alongside lower costs will lead to higher free cash flows that will blow away all concerns currently plaguing the stock.If you look for long-term exposure to India, commodities, emerging markets, a silver
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Chinese stocks are a buy even without a trade deal, says top emerging market fund managerThe outlook for Chinese stocks may be risky. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway.
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Venezuela's Maduro Orders Top Bank to Make Petro Available to PublicPresident Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.
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If Brazil Dumps Its TreasuriesWith the trade war in full swing, many are saying our trading partners might dump their Treasury holdings as revenge for US tariffs on their exports.A knowledge of reserve banking and Federal Open Market Operation (OMO) shows that this would have little to no effect on anything other than market sentiment.With the debt ceiling induced Treasury drought on, at present, bonds are rallying and yields are falling like never before.The bond and gold markets are not foretelling of a recession, as the
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In Cuba, entrepreneurs see a steep decline in business with Trump policies“When the U.S. Treasury Department announces new measures, we get cancellations the next day,” an entrepreneur in Havana said.
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Qatar's emir to meet with Trump on July 9: QNA
Qatar's ruling emir Sheikh Tamim bin Hamad al-Thani will meet with U.S. President Donald Trump in Washington on July 9 to exchange views on the latest regional and international developments, Qatar's state news agency said on Saturday.
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Iraq's Marsh Arabs facing threats of climate change
Three years ago another Iraqi site was made a World Heritage Site. But the people living in the marshes of southern Iraq, the Marsh Arabs, say the new status has not improved their livelihoods. Government negligence and climate change add to their daily struggle. Al Jazeera's Charles Stratford reports from southern Iraq.
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UK should be 'scared' of Tehran's response over tanker, cleric says: Fars
Britain should be "scared" about Tehran's possible retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar, the Fars semi-official news agency on Saturday reported an Iranian cleric as saying.
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Hyperinflation trauma: Zimbabweans' uneasy new dollarHarare, Zimbabwe - The move was bold, and many did not see it coming. In a bid to defend the new and fledgling Zimbabwean dollar against black market speculation, the country's finance minister on June 25 outlawed using United States dollars and other foreign currencies in local transactions. When news of the policy broke, Harare-based independent economist John Robertson thought it was a bad practical joke. "I am not fully convinced it's genuine," Robertson told Al Jazeera. "This idea is so bad
Read in Aljazeera: https://apple.news/
Zimbabwe experiences worst power outages in three yearsZimbabweans are enduring their worst power shortages in years as it struggles to generate enough energy to meet demand. Business-owners try to get around it by operating at night - when they're more likely to get a steady flow of electricity. Energy officials have blamed reduced water levels at the largest hydropower plant, ageing coal-fired plants and decades of corruption, but regardless of the cause, fixing Zimbabwe's energy sector will take time. Al Jazeera's Haru Mutasa reports from Harare,
Read in Aljazeera: https://apple.news/
How has Zimbabwe changed under Mnangagwa?https://www.youtube.com/watch?
Read in The Chestnut Post: https://apple.news/
China pledges to scrap financial sector ownership limits in 2020, one year earlyChina will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets, Premier Li Keqiang said on Tuesday.
Read in Reuters: https://apple.news/
One year in, US-China trade war is the ‘first sentence of the first chapter’ of a new superpower rivalryA year after the beginning of the tit-for-tat tariff war that has upended the global trading system, few trade experts see the US-China relationship improving any time soon. Instead, companies are being advised to dig in for the long haul, with the way…
Read in South China Morning Post: https://apple.news/
US-China trade war: hardliners in Beijing are gaining influenceEver since the trade war between Beijing and Washington started more than a year ago, China’s state media has performed contortionist acts in trying to build up a narrative. For much of the year, the official media outlets focused on playing up the…
Read in South China Morning Post: https://apple.news/A-T66lM-
US keeps China in loop on North Korea with briefing on Trump-Kim talksThe United States is willing to improve communication and coordination with China on issues regarding the Korean peninsula, an American envoy told Beijing in a telephone call on Friday, after US President Donald Trump met North Korean leader Kim Jong-un…
Read in South China Morning Post: https://apple.news/
Lagarde and von der Leyen are doing great things for feminism, but can they save Europe?
Both women have stellar CVs and accolades galore, but they step into their jobs at a moment when herculean tasks await 'This is not democracy': European parliament unites to condemn selection of new EU Commission president behind closed doors For purist feminists with an eye on Europe the past week has been pretty good. After decades of male dominance at the top of two of Europe's most powerful institutions, Ursula von der Leyen and Christine Lagarde unexpectedly secured the backing of the
Read in The Independent: https://apple.news/
Shifting Labour's Brexit stance like hitting ahead against a brick wall, Sir Keir Starmer says
Sir Keir Starmer has compared shifting Labour towards a softer stance on Brexit to hitting his head against a brick wall.
Read in The Independent: https://apple.news/
Is Brexit just a footnote? - CapX
It’s not been a great week in Brussels. We had the unseemly spectacle of European leaders clubbing together to elect a series of new leaders whose qualifications for the top jobs were at best dubious. Pending the usual rubberstamping from the European Parliament, the German defence minister Ursula von der Leyen will be taking the helm as Commission president. That von der Leyen’s tenure in her current brief has been widely regarded as a failure seems to matter little to the leaders who nominated
Read in CapX: https://apple.news/
What Happened To The Eurozone Budget? Spain's Ambition Collides With The Netherlands
The EU ministers of Finance cannot reach an agreement to launch the budget of the eurozone, which has been on standby for years. Southern countries are committed to an ambitious plan that fulfills a stabilization function while Northern countries want to link the budget to structural reforms...
Read in Forbes: https://apple.news/
UK Conservatives face ballot glitch in contest for new PM
Members of Britain's Conservative Party have started receiving their postal ballots in the contest to become the country's next prime minister, amid concern that some people have been sent more than one voting paper
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ECONOMIC TIMES / CHATTER
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GLOBAL/NEWS/INFO
Democracies are on track to lose their economic dominance within a decade
This week's mini-drama over President Donald Trump's Fourth of July speech, with all its military accompaniment, shouldn't distract anyone from the far more significant story of global democratic decline on this 243rd anniversary of American Independence, Frederick Kempe writes.
Read in CNBC: https://apple.news/
These are the best countries to live and work, study says
According to HSBC's annual expat survey, Switzerland is the best place for expats.
Read in Fox News: https://apple.news/
Weekend update
Now that summer is officially here, the best months of the year are ahead. Not only are sunny beach days and poolside barbecues in your future, so are the incredible Fourth of July sales — and they keep getting better.
OIL/COMMODITIES/ENERGY
Gold Tumbles as Rate Cut Hopes Lose Luster
Commodities Jul 05, 2019 17:26 GMT By Barani Krishnan Investing.com - Good job numbers are killing gold longs' hopes for a rate cut. A stellar U.S. employment report for June reset market expectations for a Federal Reserve interest rate reduction later this month, sending both bullion and futures of gold skidding on Friday to below the key $1,400 level. Spot gold, reflective of trades in bullion, traded at $1,398.26 an ounce by 1:20 PM ET (17:06 GMT), down $17.08, or 1.2%, on the day. Bullion
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If Gold Is In A Bull Market, Buy Silver - David Brady (05/07/2019)
When Gold falls, the GSR typically rises as Silver falls even further than Gold.The same happens in reverse; when Gold rises, the GSR typically falls as Silver outperforms Gold to the upside.To the extent that we believe this bull market has just begun in earnest, and it has in my opinion, everyone should be buying Silver, not Gold.
Read in Seeking Alpha: https://apple.news/A2woNwEp_
Oil Fundamentally Undervalued
The decision to extend the OPEC+ deal by nine months considerably simplifies forecasting the global balance of the oil market in the current year.The extension of the OPEC+ deal considerably shifts the balance of the oil market towards demand.The current price of oil is clearly below its fundamentally balanced level.
Read in Seeking Alpha: https://apple.news/AV-
BANKS/BANKING/CREDIT
Big banks view consumer trust as an advantage over challengers
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. As waves of fintech startups rise up to challenge legacy banks, incumbents are finding their high levels of consumer trust to be a chief advantage, CNBC reports. "Customers trust legacy banks to keep their money safe, but they're slightly unsure of fintechs keeping their money safe," Amelia Nicholls, chief of staff at
Read in Business Insider: https://apple.news/
Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank.
Deutsche Bank CEO Christian Sewing. Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring will reportedly focus on its US business and could include the cutting of 15,000 to 20,000 jobs. We've outlined what we know about what's going on at Deutsche Bank below. Watch Deutsche Bank trade live. Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's
Read in Business Insider: https://apple.news/
4 Cards Currently Offering Welcome Bonuses of 100,000 Points or More
Whether you're new to the world of travel rewards or simply looking to top up one of your balances, credit card welcome bonuses are the fastest way to get you there. There's nothing quite like the thrill of seeing a massive bonus post to your account and realizing how much of the world you'll get...
Read in The Points Guy: https://apple.news/
The best rewards credit card is different for everyone, and the best choice for you depends on 2 things
If you're not going to use your rewards, it's probably not the right credit card for you. Credit card rewards can be overwhelming and complex. When you can earn points, miles, hotel rewards, and cash back, how do you decide which is best for your lifestyle? It comes down to two things: what you value the most and how to get there with the least amount of resistance. All rewards credit cards offer some benefit and overall value, but it's important to determine what matters most to you before you
Read in Business Insider: https://apple.news/
Breakneck growth in China’s credit-card debt since 2012 raises worries about a potential bust, says ratings agency S&P
Credit-card debt has grown more than sixfold in China since 2012, mirroring booms in other Asian markets that ended badly and raising concerns about the potential risks to Chinese banks, according to a new report from S&P Global Ratings. The credit rating…
Read in South China Morning Post: https://apple.news/
How compounding can double your money
Jim Cramer explains why young investors stand to benefit from the magic of compounding.
Read in CNBC: https://apple.news/
US banks could face the same pressures as European counterparts, SocGen chairman warns
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with, Lorenzo Bini Smaghi said.
Read in CNBC: https://apple.news/
TREASURIES/BONDS/STOCKS
The bull case for bonds in your portfolioJim Cramer addresses the lingering question of how much is the right amount of bond exposure.
Read in CNBC: https://apple.news/A4wJ_6KTKT-
Distress in junk bond prices hit 6-month high in June: J.P. MorganMore than $50 billion of junk-rated corporate debt was trading below 70 cents on the dollar last month, according to analysts at J.P. Morgan.
Read in MarketWatch: https://apple.news/
Buoyant U.S. stocks at odds with downbeat market signalsEven as record highs this week in the major U.S. stock indexes telegraph confidence on Wall Street, caution abounds in other U.S. markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.
Read in Reuters: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest
Following a $1,000 overnight drop, bitcoin’s bulls now have target of $12,061 to mitigate bearish pressure.
Read in CoinDesk: https://apple.news/
Electrum Wallet Is Adding Support for Bitcoin's Lightning Network
The popular wallet service Electrum is soon to add official support for bitcoin's lightning network, its founder has told CoinDesk.
Read in CoinDesk: https://apple.news/AvqV8m7xAQ-
Rising Institutional Investment Setting Pace For Future Crypto Growth
Financial institutions have begun to enter crypto with a quickening pace, setting the tone for the remainder of 2019 and 2020.
Read in CoinDesk: https://apple.news/
Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class
Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.
Read in CoinDesk: https://apple.news/
Bitcoin tripled to £10,000 after plunging more than 70% in 2018
The unstable virtual currency, which plummeted more than 70 per cent in 2018, has enjoyed a phenomenal rally since the turn of the year.
Read in Daily Mail: https://apple.news/
CURRENCIES
The Dollar Index Bounces - Second Thoughts About The Fed
The dollar dropped after the June Fed meeting.De-escalation with China on the trade front is welcome news.The dollar index rises as employment data shed doubts on a rate cut.Commodities stall on the rebound in the greenback.A summer range- UUP and UDN to trade the ups and downs in the dollar index.
Read in Seeking Alpha: https://apple.news/
Mexican Peso: I Take A Bullish View
The Mexican peso has shown surprising strength this year against the U.S. dollar.I believe the peso to be undervalued against the greenback and expect further upside.With a normalizing of US-Mexico trade relations on the horizon, the outlook for the peso remains favourable.
Read in Seeking Alpha: https://apple.news/
Zimbabwe: Hope as Dollar Strengthens in Parallel Market
(Photo: Zimbabwe Independent) For Zimbabwe President Emmerson Mnangagwa, the re-introduction of the country's currency after a decade of US dollar dominance marks a return to normalcy. To many others, however, it heralded uncertainty; explaining the resistance to the surrogate currency from consumers, traders and experts alike. That experiment now appears to be paying off, holding out hope that Zimbabwe's decade old search for market stability could be in the offing. On June 24, Zimbabwe made
Read in AllAfrica: https://apple.news/
Citing trade risks, China’s EXIM bank chief urges faster yuan globalization
BEIJING (Reuters) – The chairwoman of China’s Export-Import Bank on Saturday called for an acceleration of reforms to internationalize the Chinese currency, warning that external risks linked to rising global protectionism could harm the financial sector. Hu Xiaolian, speaking at a forum in Beijing, said some countries have been engaged in “constant” efforts to undermine...
Read in CreaWorldNews: https://apple.news/
China should promote yuan’s globalisation through cooperation not conflict with US dollar, report says
China should avoid going head to head with the US dollar as it seeks to promote the use of the yuan around the world and instead make London a key offshore centre for the yuan while developing opportunities in countries linked to its Belt and Road…
Read in South China Morning Post: https://apple.news/A-
HEALTH / SCIENCE
Are plant-based burgers healthier than red meat? Dietitians say no.Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren't necessarily better than red meat.
Read in CNBC: https://apple.news/
Rare diseases are not uncommon, and may be the mother lode for the world’s pharmaceutical producers and researchersRare diseases may individually affect a relatively small number of patients compared to common ailments but the overall burden on society is heavy and drug developers should not ignore its market potential, says policy advocate. “Rare diseases are not…
Read in South China Morning Post: https://apple.news/
Ebola death toll exceeds 1,600 mark in DRCEbola death toll exceeds 1,600 mark in DRC
Read in TRT World: https://apple.news/
Opinion: Bill Frist: Lessons not learned in Congo's Ebola outbreakFrom health security to economic security, it's in our nation's best interest to elevate sanitation and hygiene issues impacting the spread of pandemic disease.
Read in Fox News: https://apple.news/AusrwRQ_
Breast Cancer: Financial And Estate Planning Check-UpA diagnosis of breast cancer will have a profound impact on you. There are many proactive steps you can take to secure your finances and protect yourself and loved ones. Getting the right legal documents iA s important. Adjusting your financial planning for the realities you face can be helpful.
Read in Forbes: https://apple.news/AT_
Adderall side effects now include hallucinationsResearchers found that people are significantly more likely to experience psychotic episodes when taking Adderall than drugs like Ritalin.
Read in Ladders: https://apple.news/
Glaucoma screening in China would be cost-effective and improve lives of millions: reportThe introduction of glaucoma screening in China could save people over the age of 50 from nearly three million years of blindness, according to new research published in The Lancet Global Health. Glaucoma is a condition that damages the optic nerve,…
Read in South China Morning Post: https://apple.news/
The War on SoyThe FDA has proposed revoking soy’s heart health claim in light of recent research suggesting that the effects are actually small, or inconsistent at best. But a new meta-analysis published in the Journal of the American Heart Association shows evidence that soy is just as heart healthy as it’s always been
Read in Inverse: https://apple.news/
Even If You've Never Worked Out Before, These 27 Products Could Help You StartBe prepared to get your heart pumping and these products will ~work out~ the rest!
Read in BuzzFeed: https://apple.news/AeWN-
USA / CANADA
Trump Says Fed ‘Doesn’t Have a Clue’
U.S. President Donald Trump continued his attack on the Federal Reserve, saying it “raised rates too soon, too often” and “doesn’t have a clue.”
Read in Bloomberg: https://apple.news/AEHcT-
A strong economy and Fed rate cuts: the market gets to “have its cake and eat it too”
Investors are paradoxically betting on a Federal Reserve interest rate cut in July as well as strong economic growth
Read in MarketWatch: https://apple.news/
7.1-magnitude earthquake felt in Southern California, could be largest in 20 years
The epicenter of Friday's powerful quake was 11 miles north-northeast of Ridgecrest, according to the U.S. Geological Survey.
Read in USA TODAY: https://apple.news/
US calls emergency nuclear watchdog meeting over Iran, after spurning it for 3 years
The US has called an emergency meeting of the UN nuclear watchdog after Iran’s uranium stockpile exceeded the 2015 nuclear deal’s limits. That’s the same body whose reports of Iran’s compliance Washington has ignored for years.
Read in RT News: https://apple.news/A8MsOqB-_
Cyber Warfare Threat Rises As Iran And China Agree 'United Front' Against U.S.
Iran and China have agreed to collaborate in the cybersecurity domain against the U.S. This potential combination of China's cyber expertise with Iran's thirst for action and escalation should now be a genuine concern.
Read in Forbes: https://apple.news/Ami_
EMERGING MARKETS
Emerging market currencies likely have seen the best of 2019: Reuters pollBy Vuyani Ndaba JOHANNESBURG (Reuters) – Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday. Emerging market currencies have had a relatively resilient year...
Read in CreaWorldNews: https://apple.news/Au_uj1-
Vedanta Is Cheap And Has It All: India, Silver, Growth, Dividend, Emerging MarketVedanta, a zinc miner, will also be among the top 5 global silver producers in a few years. Thus, it offers a hedge against the current loose monetary environment.Given Vedanta's investment cycle, production will grow around 50% and costs will decline over the next few years.Higher production alongside lower costs will lead to higher free cash flows that will blow away all concerns currently plaguing the stock.If you look for long-term exposure to India, commodities, emerging markets, a silver
Read in Seeking Alpha: https://apple.news/
Chinese stocks are a buy even without a trade deal, says top emerging market fund managerThe outlook for Chinese stocks may be risky. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway.
Read in CNBC: https://apple.news/
Venezuela's Maduro Orders Top Bank to Make Petro Available to PublicPresident Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.
Read in CoinDesk: https://apple.news/
If Brazil Dumps Its TreasuriesWith the trade war in full swing, many are saying our trading partners might dump their Treasury holdings as revenge for US tariffs on their exports.A knowledge of reserve banking and Federal Open Market Operation (OMO) shows that this would have little to no effect on anything other than market sentiment.With the debt ceiling induced Treasury drought on, at present, bonds are rallying and yields are falling like never before.The bond and gold markets are not foretelling of a recession, as the
Read in Seeking Alpha: https://apple.news/A-
In Cuba, entrepreneurs see a steep decline in business with Trump policies“When the U.S. Treasury Department announces new measures, we get cancellations the next day,” an entrepreneur in Havana said.
Read in NBC News: https://apple.news/
MIDDLE EAST
Qatar's emir to meet with Trump on July 9: QNA
Qatar's ruling emir Sheikh Tamim bin Hamad al-Thani will meet with U.S. President Donald Trump in Washington on July 9 to exchange views on the latest regional and international developments, Qatar's state news agency said on Saturday.
Read in Reuters: https://apple.news/
Iraq's Marsh Arabs facing threats of climate change
Three years ago another Iraqi site was made a World Heritage Site. But the people living in the marshes of southern Iraq, the Marsh Arabs, say the new status has not improved their livelihoods. Government negligence and climate change add to their daily struggle. Al Jazeera's Charles Stratford reports from southern Iraq.
Read in Aljazeera: https://apple.news/
Europe struggles to keep nuclear deal alive amid Iranian threats
France, Germany and the United Kingdom continue to work to salvage the 2015 Iran nuclear deal. But as Derek Stoffel writes, Tehran is losing faith in the European efforts, which continue to be scuppered by the "maximum pressure" position of the United States.
Read in CBC News: https://apple.news/
France, Germany and the United Kingdom continue to work to salvage the 2015 Iran nuclear deal. But as Derek Stoffel writes, Tehran is losing faith in the European efforts, which continue to be scuppered by the "maximum pressure" position of the United States.
Read in CBC News: https://apple.news/
UK should be 'scared' of Tehran's response over tanker, cleric says: Fars
Britain should be "scared" about Tehran's possible retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar, the Fars semi-official news agency on Saturday reported an Iranian cleric as saying.
Read in Reuters: https://apple.news/AoZ_
AFRICA
Hyperinflation trauma: Zimbabweans' uneasy new dollarHarare, Zimbabwe - The move was bold, and many did not see it coming. In a bid to defend the new and fledgling Zimbabwean dollar against black market speculation, the country's finance minister on June 25 outlawed using United States dollars and other foreign currencies in local transactions. When news of the policy broke, Harare-based independent economist John Robertson thought it was a bad practical joke. "I am not fully convinced it's genuine," Robertson told Al Jazeera. "This idea is so bad
Read in Aljazeera: https://apple.news/
Zimbabwe: Where Did You Get the Money?
Law enforcement agents will now have powers to question people leading flamboyant and swanky lifestyles from inexplicable sources of income, as the Government moves in to curb corruption, money laundering and tax evasion, among other vices. Those who fail to explain or hide useful information pertaining to the source of their wealth will be jailed up to two years, while the tainted property will be forfeited to the State. This comes as Government yesterday gazetted the Money Laundering and
Read in AllAfrica: https://apple.news/AQBFE_
Zimbabwe experiences worst power outages in three yearsZimbabweans are enduring their worst power shortages in years as it struggles to generate enough energy to meet demand. Business-owners try to get around it by operating at night - when they're more likely to get a steady flow of electricity. Energy officials have blamed reduced water levels at the largest hydropower plant, ageing coal-fired plants and decades of corruption, but regardless of the cause, fixing Zimbabwe's energy sector will take time. Al Jazeera's Haru Mutasa reports from Harare,
Read in Aljazeera: https://apple.news/
How has Zimbabwe changed under Mnangagwa?https://www.youtube.com/watch?
Read in The Chestnut Post: https://apple.news/
ASIA
China pledges to scrap financial sector ownership limits in 2020, one year earlyChina will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets, Premier Li Keqiang said on Tuesday.
Read in Reuters: https://apple.news/
One year in, US-China trade war is the ‘first sentence of the first chapter’ of a new superpower rivalryA year after the beginning of the tit-for-tat tariff war that has upended the global trading system, few trade experts see the US-China relationship improving any time soon. Instead, companies are being advised to dig in for the long haul, with the way…
Read in South China Morning Post: https://apple.news/
US-China trade war: hardliners in Beijing are gaining influenceEver since the trade war between Beijing and Washington started more than a year ago, China’s state media has performed contortionist acts in trying to build up a narrative. For much of the year, the official media outlets focused on playing up the…
Read in South China Morning Post: https://apple.news/A-T66lM-
US keeps China in loop on North Korea with briefing on Trump-Kim talksThe United States is willing to improve communication and coordination with China on issues regarding the Korean peninsula, an American envoy told Beijing in a telephone call on Friday, after US President Donald Trump met North Korean leader Kim Jong-un…
Read in South China Morning Post: https://apple.news/
EUROPE
Lagarde and von der Leyen are doing great things for feminism, but can they save Europe?
Both women have stellar CVs and accolades galore, but they step into their jobs at a moment when herculean tasks await 'This is not democracy': European parliament unites to condemn selection of new EU Commission president behind closed doors For purist feminists with an eye on Europe the past week has been pretty good. After decades of male dominance at the top of two of Europe's most powerful institutions, Ursula von der Leyen and Christine Lagarde unexpectedly secured the backing of the
Read in The Independent: https://apple.news/
Shifting Labour's Brexit stance like hitting ahead against a brick wall, Sir Keir Starmer says
Sir Keir Starmer has compared shifting Labour towards a softer stance on Brexit to hitting his head against a brick wall.
Read in The Independent: https://apple.news/
Is Brexit just a footnote? - CapX
It’s not been a great week in Brussels. We had the unseemly spectacle of European leaders clubbing together to elect a series of new leaders whose qualifications for the top jobs were at best dubious. Pending the usual rubberstamping from the European Parliament, the German defence minister Ursula von der Leyen will be taking the helm as Commission president. That von der Leyen’s tenure in her current brief has been widely regarded as a failure seems to matter little to the leaders who nominated
Read in CapX: https://apple.news/
What Happened To The Eurozone Budget? Spain's Ambition Collides With The Netherlands
The EU ministers of Finance cannot reach an agreement to launch the budget of the eurozone, which has been on standby for years. Southern countries are committed to an ambitious plan that fulfills a stabilization function while Northern countries want to link the budget to structural reforms...
Read in Forbes: https://apple.news/
UK Conservatives face ballot glitch in contest for new PM
Members of Britain's Conservative Party have started receiving their postal ballots in the contest to become the country's next prime minister, amid concern that some people have been sent more than one voting paper
Read in ABC News: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Monday 7/8/19 did update on the indicative rates Sell Rate 1190
The currency auction is 182,758,984
There are no news and announcements.
Rafidain launches loans worth 100 million dinars for the purchase of residential units of investment projects
Date of release: 2019/7/8 10:46 • 205 times read
Rafidain Bank announced on Monday the launch of loans worth 100 million dinars for employees and 50 million for citizens to buy residential units in investment projects.
The bank's information office said in a statement received by Al-Furat News that "it is the bank's policy to support employees and citizens decided to grant loans to buy residential units in residential investment projects."
"If the loan applicant is a staff member, the loan will be granted a maximum of 100 million, and if the applicant is a citizen, he will be awarded a maximum of 50 million," the office said.
"If the loan applicant is a staff member, the loan will be granted a maximum of 100 million, and if the applicant is a citizen, he will be awarded a maximum of 50 million," the office said.
The Iraqi Stock Exchange is trading shares worth 152 billion dinars in the first half of 2019
Date of release:: 2019/7/8 9:26 • 120 times read
(Baghdad: Al Furat News) The index of the Iraqi market for securities, the circulation of shares amounted to 152 billion dinars during the first half of this year, an indicator of a rise compared to the last session of January of the same year.
The Executive Director of the market, Taha Ahmed Abdul Salam said in a statement received {Euphrates News} a copy of it, "The Iraqi market for securities organized during the first half of 2019 {121} trading session securities within the timing organized by the instructions and rules of electronic trading in the market of Iraq Securities ".
He pointed out that "trading was limited to the shares of 75 joint stock companies to the presence of 20 companies suspended from trading by a decision of the Securities Commission due to non-disclosure of the annual or quarterly."
"The number of listed shares amounted to 12175 billion shares of listed companies of 103 companies, while the number of shares traded 237 billion shares during the first half 2019, while the value of those shares, 152 billion dinars."
"The index of shares prices closed at the last session in June at 496.31 points in the meeting of 30/6/2019, a slight increase of 0.8% from the close in January 2019, while the number of contracts executed during the first half of this year 82,942 a necklace".
The Executive Director of the market, that "the Iraqi market for securities submitted a proposal to the Securities Commission to regulate the circulation of shares of companies that delay the submission of annual disclosure by classifying and classification as a third market and according to proposed mechanisms limited to trading for only one hour and will be implemented upon obtaining the approval of the Commission On the proposal and not stop trading on it in the future "
He pointed out that "trading was limited to the shares of 75 joint stock companies to the presence of 20 companies suspended from trading by a decision of the Securities Commission due to non-disclosure of the annual or quarterly."
"The number of listed shares amounted to 12175 billion shares of listed companies of 103 companies, while the number of shares traded 237 billion shares during the first half 2019, while the value of those shares, 152 billion dinars."
"The index of shares prices closed at the last session in June at 496.31 points in the meeting of 30/6/2019, a slight increase of 0.8% from the close in January 2019, while the number of contracts executed during the first half of this year 82,942 a necklace".
The Executive Director of the market, that "the Iraqi market for securities submitted a proposal to the Securities Commission to regulate the circulation of shares of companies that delay the submission of annual disclosure by classifying and classification as a third market and according to proposed mechanisms limited to trading for only one hour and will be implemented upon obtaining the approval of the Commission On the proposal and not stop trading on it in the future "
Click on the link above for the latest update.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
7-7-2019 Intel/Newshound Guru sandyf People should note that Iraq was effectively removed from UN Chapter 7 in 2013 when the Kuwait missing persons issue was transferred to Chapter 6. Quote: "the United Nations Security Council decided on 29 June to address the remaining question of missing Kuwaiti persons and property under Chapter VI, i.e. by peaceful means. Iraq’s only remaining Chapter VII obligation is the payment to Kuwait of 8.5 billion euros, which is to be completed in 2015 if Iraq maintains the current pace of reimbursements. The UNSC decision therefore closes, both literally and figuratively, a painful chapter in Iraq’s history" There are still Chapter 7 sanctions in place against Iraqi individuals and entities but that has no bearing on Iraq as a country.
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-7-2019 around 7:30 am Eastern
“Let’s work together to develop and build Iraq. We are working for all Iraqis” says Maritime Guidance Officer Taha Massoud Khalaf. Follow his story in the next episode of #DedicatedToService.
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-8-2019 around 5:30 am Eastern
In the second day of Operation #WillOfVictory, Iraq’s Armed Forces continue to hunt down Daesh remnants and clear terrorist cells in the areas between Salahuddin, Nineveh and Anbar provinces towards the Iraq-Syria borders.
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ARTICLE 3
Saleh Geoffrey: Our priorities are to protect Iraq's security, stability and sovereignty
2019/7/7 15:51 ??
[Baghdad-where]
The President of the Republic Barham Salih stressed on Sunday the need to develop friendly relations and cooperation between Iraq and the United States to serve the higher interests of the two countries and to enhance security and stability in the region.
"The President of the Republic, during his meeting at the Peace Palace in Baghdad, US Special Envoy to Syria James Jeffrey and US Ambassador to Iraq Matthew Teuler, the importance of adopting positive dialogue between all parties to resolve issues The relationship and crises and what helps to consolidate the foundations of world peace. "
"Iraq's pursuit of a balanced policy with all aimed at bringing together the countries of the region to ease the current tension, stressing the importance of finding a political settlement of the situation in Syria and ending the suffering of the Syrian brothers and helping them to confront terrorism, Iraq, its stability and sovereignty.
Jeffrey reiterated his country's keenness to strengthen its relations with Iraq in all fields, reiterating his country's desire to expand cooperation and co-ordination on the issues and issues emerging at the regional and international levels.
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ARTICLE 4
Iraq and the World Bank sign an agreement to develop the electricity sector
2019/7/7 16:03
[Baghdad-where]
Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein and World Bank Representative in Iraq Yara Salem on Sunday signed a project agreement aimed at developing and strengthening the electrical system in the southern governorates.
"The Minister of Finance Fuad Hussein, with the World Bank Representative in Iraq, Yara Salem, signed a project agreement aimed at developing and strengthening the electrical system in the southern provinces," said his press office in a statement received by the All-Iraq News Agency [INA]. "This came in application of the government program To strengthen the relationship between Iraq and the international community and to benefit from the expertise of international organizations. "
He added that "the project will contribute to the increase in electricity supply and regularity, in addition to the reconstruction and rehabilitation of the network transmission lines and distribution of power and the installation of new lines and substations and information systems that enhance the ability of the network to deliver electricity to citizens."
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ARTICLE 5
Rafidain Bank launches loans of 100 million for the purchase of residential units in investment projects
08/07/2019
Al-Rafidain Bank on Monday launched loans of 100 million for the purchase of residential units in investment projects.
"Based on the bank's policy to support employees and citizens, it is decided to grant loans to buy residential units in residential investment projects," the bank's press office said in a statement.
He pointed out that "in the case of the student loan was an employee is granted a loan of 100 million maximum, but in case the applicant is a citizen is granted a maximum of 50 million."
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