WOTS Saturday 7/6/19:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.0000 | 1179.2000 | 1180.2000 | | 12:15 |
| USD/VND | | | 23237.1100 | 23236.6000 | 23237.1100 | | 12:16 |
| USD/CNY | | | 6.8926 | 6.8705 | 6.8726 | | 11:01 |
| USD/KWD | | | 0.3040 | 0.3030 | 0.3034 | | 15:57 |
| GBP/USD | | | 1.2588 | 1.2481 | 1.2579 | | 15:59 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 19:01 |
| USD/IDR | | | 14205.0000 | 13935.0000 | 13952.0000 | | 15:56 |
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DC NY Iraq Articles:dd
Erdogan dismisses central bank governor
Editorial date: 2019/7/6 8:32 • 169 times read
Turkish President Recep Tayyip Erdoğan dismissed Central Bank Governor Murad Gintinkaya early Saturday morning, and his deputy, Murad Oisal, was succeeded as Turkish lira registered a new decline.
The Turkish president's decision comes about three weeks after his opposition to his country's policy of tightening credit restrictions and pledged to cut the current 24 percent high interest rates.
The Turkish lira recorded a new fall last week, to 5.77 lira against the dollar, with news of an amendment requiring the transfer of the central bank reserve to the general budget.
A few days ago, the Federation of Turkish Chambers of Commerce and Stock Exchanges announced that the rate of closure of companies in the country increased by 20.94% compared to the previous month, where 878 companies were closed, the number of cooperatives decreased by 36%, the number of private companies by 5.85% Corporate enterprises increased by 0.34%,
The Turkish lira recorded a new fall last week, to 5.77 lira against the dollar, with news of an amendment requiring the transfer of the central bank reserve to the general budget.
A few days ago, the Federation of Turkish Chambers of Commerce and Stock Exchanges announced that the rate of closure of companies in the country increased by 20.94% compared to the previous month, where 878 companies were closed, the number of cooperatives decreased by 36%, the number of private companies by 5.85% Corporate enterprises increased by 0.34%,
compared to the previous month.
.
Baghdad Council calls for canceling the privatization of electricity because of its ruthlessness
09:16 - 06/07/2019
Information / Special ...
Baghdad's provincial council said on Friday that privatization companies do not meet the citizen's ambition and did not give him electricity 24 hours a day, adding that the continuation of the work will burden the citizen and add additional burdens.
A member of the provincial council Hassoun al-Rubaie said in a statement to Al-Maaloumah that "electricity suffers from great problems, especially in the distribution sector, where there is no real maintenance of the networks and its wires suffer foot and damage, which makes the ministry responsible for replacing them."
He added that "privatization companies, if they continue in their work, but no longer meet the ambition of the citizen, as the large amounts paid by the consumer must return electricity for 24 hours, but this was not achieved in the presence of privatization."
"The ministry is responsible for the development of distribution networks and removal of abuses on the network and improve the reality of electricity in the capital, in addition to finding an appropriate solution to the privatization, which is burdening the citizen without any tangible results on the ground sites." . h
Integrity: Seven years imprisonment to the Chairman of the Board of Directors of the Iraqi company for land transport previously
Editorial Date: 2019/7/6 10:58 • 196 times read
{International: Al Furat News} The Integrity Commission announced on Saturday the details of the sentence against the former Chairman of the Board of Directors of the Iraqi Land Transport Company intended to cause damage to the funds and interests of the entity in which he worked.
According to a statement received by the {Euphrates News}, a copy of it, "the fugitive convicted, in conjunction with two of his brothers accused of separation cases causing intentional damage to the funds and interests of the body in which he was working.
She added that "the convicted person opened an account in a private bank and deposited funds in the account of the company, and then he and his brothers, who are members of the board of directors of the Iraqi company (joint stock company) request to grant them personal loans ranging between 5-6 billion dinars The account of the company after the collection of books supporting them, noting that both the Central Bank of Iraq and the National Insurance Company have made a reservation at the expense of the company;
She explained that "the Criminal Court on the issues of integrity in Baghdad, after reviewing the reports of the Office of Financial Supervision and the Central Bank and the statements of the legal representative of the Ministry of Transport, who requested the complaint against the accused, in addition to the administrative investigation including the convicted of the convicted, and the statements of defendants separated cases and the prospect of escape, And sentenced him in absentia to seven years in prison in accordance with the provisions of Article 340 of the Penal Code in terms of Articles 47, 48 and 49.
"The ruling included the issuance of an arrest warrant and a fundamental search of the convicted person, while supporting the seizure of his movable and immovable property, in addition to keeping the injured party (the Ministry of Transport) with the right to seek compensation before the civil courts. is over
She added that "the convicted person opened an account in a private bank and deposited funds in the account of the company, and then he and his brothers, who are members of the board of directors of the Iraqi company (joint stock company) request to grant them personal loans ranging between 5-6 billion dinars The account of the company after the collection of books supporting them, noting that both the Central Bank of Iraq and the National Insurance Company have made a reservation at the expense of the company;
She explained that "the Criminal Court on the issues of integrity in Baghdad, after reviewing the reports of the Office of Financial Supervision and the Central Bank and the statements of the legal representative of the Ministry of Transport, who requested the complaint against the accused, in addition to the administrative investigation including the convicted of the convicted, and the statements of defendants separated cases and the prospect of escape, And sentenced him in absentia to seven years in prison in accordance with the provisions of Article 340 of the Penal Code in terms of Articles 47, 48 and 49.
"The ruling included the issuance of an arrest warrant and a fundamental search of the convicted person, while supporting the seizure of his movable and immovable property, in addition to keeping the injured party (the Ministry of Transport) with the right to seek compensation before the civil courts. is over
Arrest of accused of theft, forgery and fraud in Baghdad
Editorial Date: 2019/7/6 11:48 • 33 times scheduled
(Baghdad: Al-Furat News) The Baghdad Operations Command announced on Saturday the arrest of those accused of theft, forgery and fraud in different parts of the capital.
The command said in a statement received {Euphrates News} a copy of it, "The security forces in the Baghdad operations, was able to arrest two accused for setting up devices to help cheat in exams, in the Ali Saleh."
"Three suspects were arrested in the areas of: the fourth police, Zayouna and Abi Nawas Street, and another suspect was arrested for promoting narcotics in the al-Shaab area.
She noted that "two suspects were arrested in the killing of the two: the fourth police, and the Kurdish south of Baghdad, while they were handed over to the competent authorities."
"Three suspects were arrested in the areas of: the fourth police, Zayouna and Abi Nawas Street, and another suspect was arrested for promoting narcotics in the al-Shaab area.
She noted that "two suspects were arrested in the killing of the two: the fourth police, and the Kurdish south of Baghdad, while they were handed over to the competent authorities."
Tuning of paper cables used for commercial fraud at Baghdad airport
Editorial date: 2019/7/6 11:02 • 123 times read
(Baghdad: Al Furat News) The General Authority of Customs announced on Saturday the seizure of paper dung used for commercial fraud at Baghdad airport.
"The customs authorities at Baghdad airport have been caught for paper-based adhesive paper labels labeled 'Made in Jordan' used for commercial fraud, '' the agency said in a statement received by Al-Furat News.
She added that "the cadres working at the airport was also able to control the" rolls and paint brush "in commercial quantities without official approvals in violation of the import controls and instructions," stressing the "completion of legal proceedings for violations in accordance with its law No. 23 of 1984 amended."
The Authority noted that "the need to adhere to the controls and instructions and not to bring goods and goods in commercial quantities through passenger lounges at airports because the laws and instructions do not allow this and can be shipped through air cargo customs after obtaining official approvals.
She added that "the cadres working at the airport was also able to control the" rolls and paint brush "in commercial quantities without official approvals in violation of the import controls and instructions," stressing the "completion of legal proceedings for violations in accordance with its law No. 23 of 1984 amended."
The Authority noted that "the need to adhere to the controls and instructions and not to bring goods and goods in commercial quantities through passenger lounges at airports because the laws and instructions do not allow this and can be shipped through air cargo customs after obtaining official approvals.
Kauaihn Iraq Articles:dd
Parliament Speaker: Intensified sessions of the House of Representatives this month to resolve three important files
2019-07-06 05:18
The decision of the House of Representatives Khadija Ali, Saturday, that the parliament decided to intensify its meetings during the month to complete three files, "important and necessary," including the amendment of the budget law.
In an interview with Alsumaria News, Ali said that "the House of Representatives decided during this month to intensify its sessions by two sessions every week for Monday and Thursday, including two days for the work of parliamentary committees," indicating that "the intensification of parliamentary sessions during this month came to resolve three files are important and necessary."
The decision of the House of Representatives Khadija Ali, Saturday, that the parliament decided to intensify its meetings during the month to complete three files, "important and necessary," including the amendment of the budget law.
In an interview with Alsumaria News, Ali said that "the House of Representatives decided during this month to intensify its sessions by two sessions every week for Monday and Thursday, including two days for the work of parliamentary committees," indicating that "the intensification of parliamentary sessions during this month came to resolve three files are important and necessary."
"The first file concerns the amendment of the draft budget law in order to give the legal cover to extend the work of agencies and special grades to reach the government's resolution of this important and vital file," she said, adding that "the other file is to resolve the candidate of the Ministry of Education being an important ministry and linked to a large segment of Iraqis Which is the student segment. "
Ali pointed out that "the third file is no less important than the two previous files, which is the service laws and laws related to the work of the Iraqi state, including the Federal Court Act and a number of other laws that need to work to complete them.
The legislative recess was due to begin on Wednesday, but the speaker of the House of Representatives decided to extend the second legislative term for one month in order to complete the "important" laws.
Parliamentary services will host the Minister of Communications tomorrow
12:15 - 06/07/2019
Information / Baghdad ..
A member of the Parliamentary Services Committee MP Burhan al-Mamouri on Saturday, the hosting of the Minister of Communications at the headquarters of the Committee on Sunday.
"The parliamentary services committee will host on Sunday the Minister of Communications, Dr. Naim al-Rubaie, at the request of us earlier," Al-Mamouri said in a statement received by the parliamentary services committee. "A number of important issues will be discussed, Solidify the work of the ministry. "
He added that "during the hosting will see the status of the ministry in general and listen to the most important obstacles that suffer from them," stressing the "importance of decoupling the overlap in the powers between the Ministry of Communications and the Information and Communication Authority."
He pointed out that "among the topics to be discussed is the deterioration of the Internet service to find out the reasons and solutions proposed by the ministry," stressing the need to "put an end to the weakness of the Internet and the continuous stops for this service." Ending / 25 d
Parliamentary Finance: Iraq has not received any money from the Kuwait Conference
10:40 - 06/07/2019
Information / Private ..
BAGHDAD ( Reuters) - Iraq has not received any sums announced at the Kuwait conference for the reconstruction of areas affected by terrorism in Iraq , the parliamentary finance committee said Friday, noting that the conference was a lie to shed the ashes in the eyes.
"The Kuwait conference for the reconstruction of the affected areas is what is the worst of the ashes in the eyes and a very big lie, and Iraq has spent a lot of money delegations to the conference," said Haneen al-Qado, a member of the committee.
He added that " Iraq has not received any funds through this conference, especially after the promises received by Iraq from the participants, with regard to the process of reconstruction and investment in areas affected by terrorism, and therefore there is nothing positive about this conference."
International borrowing is a big mistake, because of the benefits they will get from Iraq, especially with regard to oil, and the country's denial of job grades under the terms of the International Monetary Fund "He said. End 25 n
A deputy holds the Iraqi people responsible for "evaluating" the political process
A deputy for the coalition of state law, Friday, the political system in Iraq as a "failure", stressing that the best solution to evaluate the political process is the popular pressure and to go in the elections to vote to two or three blocs instead of division and division between blocks Shiite, Sunni and Kurdish.
Adnan al-Asadi said in an interview with Alsumaria News, "The problem is the basis of Iraq is the political system and not the personalities that address the presidential positions, even if Mahathir Mohammed came to the premiership in Iraq will not succeed in his government in this failed political system," noting that "the government of quotas and parties and consensus will not see success Whatever its president. "
"As long as this solution is very difficult, if not impossible, because of the stalemate of the constitution and its need for a referendum, its conditions are impossible, so the real solution now is through the people," he said. The Iraqi people are required to pressure to end quotas and to go to the majority through the movement of the people in the elections to a block or two and left the method of division and split in the vote to several blocks Shiite and Sunni and other Kurdish.
"The continued division of the people of the elections into many blocs and scattered will not lead to stability in Iraq and there will be no successful political process at all." Rights law unveils compensation law covering all Iraqis
By ahad5 View Profile View Forum Posts Private Message View Blog Entries View Articles 05/07/2019 10:04 AM | Number of readings:
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Lift the concrete blocks from the vicinity of the martyr al-Sadr Hospital, east of Baghdad
Editorial date: • 2019/7/6 11:00 • 100 times prescribed
(Baghdad: Al-Furat News) The Baghdad Municipality and the Baghdad Operations Command announced on Saturday the immediate lifting of the concrete blocks from the vicinity of Shaheed al-Sadr Hospital, east of the capital.
The Secretariat said in a statement received by the {Euphrates News}, a copy of it, that "a joint effort included the Baghdad Operations Command and the Office of the Secretary of Baghdad and the Department of production units have been direct lift concrete blocks from the perimeter of the hospital within Sadr City."
She added that "the cadres of the municipality launched a campaign to clean and rehabilitate the closed site since 2007."
She added that "the cadres of the municipality launched a campaign to clean and rehabilitate the closed site since 2007."
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Special Update: What To Do With Gold
The VC PMI gave us the signal that the market was expecting a correction into the levels in the $1379-1380 area last Friday.After covering shorts, wait for the signal to go long, which would be after the market tested the $1379 level and came back up.The monthly average price or mean is 1389.The target that the VC PMI identified is $1437-1461 when the report was published on the 26th.The market confirmed that the daily, weekly and monthly trends had bottomed, with first targets at $1437
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Gold falls on equity uptick, focus on US job data
Mubasher: Gold prices slid on Thursday following an uptick in stock markets, while investors awaited US non-farm payrolls report.
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Gold Flat Ahead of Payroll Data, On Track for Seventh Week of Gains
Commodities Jul 05, 2019 04:11 GMT Investing.com - Gold prices were flat on Friday in Asia but is on track to log a seventh straight week of gains. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange were unchanged at $1,420.90 a troy ounce by 12:09 AM ET (04:09 GMT). All eyes are now on U.S. non-farm payroll, which are expected to have jumped by 160,000 in June compared with 75,000 in May. The data is due later in the day. On Wednesday, a report from ADP (
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What's The Long-Term Oil Outlook? Watch How The Majors Invest
In recent years, there's been increasing talk about "peak oil" demand. At some point, the argument goes, global oil demand will stop growing and will eventually decline.In an industry that requires massive long-term investments, and where profitability is dependent upon the oil price, it's just around the corner.While peak oil demand might still be 20 years away, if oil majors restrain investments in longer-term projects, it could push oil prices upward in the early 2020s, especially amid
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Oil Prices Fall Despite Elevated Tensions in Middle East
Commodities Jul 05, 2019 05:08 GMT Investing.com - Oil prices fell on Friday in Asia despite heightened tensions in the Middle East due to the seizure of an Iranian oil tanker by British Royal Marines. U.S. Crude Oil WTI Futures were down 1% to $56.77 by 1:15 AM ET (05:15 GMT). International Brent Oil Futures was down 0.03% to $63.29. It was reported that British Royal Marines helped the authorities in Gibraltar seize the ship on the basis of evidence that it was heading to Syria in breach of EU
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US energy independence race producing tons of oil, not so much profits
Oh sure, U.S. shale producers have been prolific with oil production, but not so much with actually making profits.
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China aims to launch low-sulfur bunker fuel oil futures in 2019
China aims to launch a bonded low-sulfur bunker fuel oil contract that will allow foreign investors to participate in trading by the end of 2019, the Shanghai Futures Exchange (ShFE) said on Thursday.
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METALS-Copper holds steady as tight supply offsets demand concerns
(Updates throughout, adds official prices, moves dateline fromSINGAPORE)
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I paid off more than $10,000 of credit card debt in 3 years, and using balance transfer cards saved me another $3,000 in interest
The author is not pictured. A few years out of college, I found myself $10,000 deep in credit card debt and needed to pay it off quickly. I stumbled upon balance transfer credit cards, which gave me an interest-free window to pay off my debt quickly and save money. Although I made some mistakes, I paid off all my debt in 3 years, and balance transfers saved me over $3,000 in interest. If you're looking to pay off debt, earn rewards, or anything else, CreditCards.com's free CardMatch tool can
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Newly named European Central Bank head Christine Lagarde isn't an economist—and that's good news
Christine Lagarde has been nominated to replace Mario Draghi as president of the European Central Bank (ECB). A French politician, Lagarde, 63, has run the International Monetary Fund since 2011. If she's confirmed, both the ECB and the US Federal Reserve—the world's two most influential central banks—will be headed by lawyers, not economists. It was...
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Low Price Inflation Means The Fed Will Retreat To Low Rates And Easy Money
A softer increase in the personal consumption price index adjusted for food and energy has likely prompted Fed policymakers to hint about a cut in the policy interest rate in the months ahead.Based on the lagged money supply (AMS) growth rate, I suggest the annual growth of the core PCE price index is likely to be subdued during this year before falling sharply in 2020-21.When inflation rises, the central bank can always cool it off by tighter monetary policies, which weakens aggregate demand.
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Bitcoin Is Nightmare For Banks Laundering $2 Trillion Every Year
One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom. Banks are far from infallible by nature, and the number of recent reports on money laundering scandals is on the increase. Banks Fear Accountability $2 trillion (over ten times the total market capitalization of Bitcoin) is laundered by banks every year
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These are the 10 biggest banks in the world in 2019
JPMorgan is the highest-ranking US bank. Chinese banks came out on top as the world's biggest, according to calculations by The Banker. American banks are more efficient in use of their assets. British banks defied the Brexit slump by increasing their profits. Read more on Markets Insider. Every year, The Banker compiles a list of the biggest banks in the world, and yet again Chinese banks have dominated the top of the list. The Banker includes 1000 banks across the list, ranking them based upon
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Bond yields are falling to record lows as investors pull back from risky assets
Government bond yields in most major economies worldwide have been flirting with all-time lows in the last few days, indicating that investors are wary of an impending recession.
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Estimating 10-Year Forward Returns For Stocks With The Shiller CAPE Ratio And The Long-Term Trend
The average of S&P 500 for June 2019 was 2,890. A 20% decline from this level would bring it to the January 2020 level of the long-term trend line.The Shiller Cyclically Adjusted Price to Earnings Ratio (CAPE) is at a relatively high level of 28.9, and the CAPE’s 35-year moving average (MA35) is at 23.9.The CAPE-MA35 ratio is 1.21, forecasting a 10-year annualized real return of 6.2%. This would indicate that for long-term investors, the S&P 500 is currently not overvalued.Investing in equities
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Indicators Suggest Breakout Ahead
S&P 500 has been constrained by Overhead Resistance for more than two months but should change this week.Sector performance trends switched from defensive to bullish in the last two weeks.Employment, a coincident indicator of market downturns, remains steady and is not warning of significant problems yet.
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The Slope Of The U.S. Yield Curve And Risks To Growth
The slope of the yield curve in the US has inverted in recent months, making long-term debt significantly cheaper than short-term debt.The slope of the yield curve gives us information on the range of possibilities for future growth.It is important to note that the most likely scenario is one of continued positive albeit somewhat lower growth.
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Both the bond and the stock market are 'ultimately right': Economist
The bond market appears to be signalling trouble while stock market is hitting new highs. Shane Oliver of AMP Capital explains why he says both markets can be right even though they seem to be sending different messages.
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Top 5 Things to Know in the Market on Friday
Economy Jul 05, 2019 09:23 GMT Investing.com - Here are the top five things you need to know in financial markets on Friday, July 5: 1. Jobs report to factor into Fed policy decision The June employment report is due at 8:30 AM ET (1230 GMT) and is likely to cement expectations for an interest rate cut at the Federal Reserve’s policy decision at the July 30-31 meeting. Nonfarm payrolls are expected to rebound from a meager 75,000 in May, with the creation of 160,000 jobs, while the unemployment
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South Korea's Shinhan Bank Is Cracking Down Harder on Anonymous Crypto Users
New rules make it even harder to create anonymous crypto exchanges in South Korea.
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Buy The Dip On Bitcoin
Bitcoin contains qualities that make it a theoretically superior form of money.Technical analysis suggests we are entering a fourth parabolic advance.Increased institutional interest could be the catalyst for this next rally.
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Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions
The software upgrade can potentially be introduced to approximately 170,000 machines across America.
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China's Sina Finance adds cryptocurrency support on its application amid government clampdown
The People's Bank of China [PBOC], the central regulatory authority that regulates Financial Institutions in the country, had issued a statement on June 25 that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites. However, a few days later, a new announcement from the country made waves. China's largest financial...
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Bitcoin consumes more energy than Switzerland, according to new estimate
Though researchers acknowledge that reliable estimates are ‘rare’
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USD Reserve Currency Status Eroding Slowly But Surely
European allies develop non-Dollar trading with Iran to avoid sanctions.Dollar share of central bank reserves declining.China buying Iranian oil with own currency, instead of Dollar.History has more periods of multiple reserve currencies than one single reserve currency.Weaponizing the Dollar against allies to contain Iran could backfire on the Dollar.
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What Happens When The U.S. Dollar Declines?
If the greenback declines, the benefits can be widespread.Over 80 percent of all currency transactions involve the greenback, and investors of all asset classes have learned that its ups and downs can have significant ramifications for their investments.Any businesses with customers outside of their own borders need to be mindful of its swings, because the moves in the greenback can have a big impact on earnings and equity valuations.
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Big Dollar Awaits NFP Data And Trump Currency Tweets
Euro stocks have edged a tad higher while U.S. stock futures are unchanged following Asia's mixed session one day after new record highs for indexes stateside.Global equity markets are enjoying a rally driven by the trade truce between the U.S. and China and bets on easier monetary policy from central banks.Data late last night showed that retail sales in Australia rose +0.1% in May from a month earlier, rebounding from the -0.1% posted in April.
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Forex - Euro Falls vs Dollar After Weak German Orders
Forex Jul 05, 2019 07:01 GMT Investing.com -- The dollar rose to a three-week high against the euro in early trading in Europe Friday, after another disappointing set of factory orders in Germany encouraged bets that the European Central Bank will ease policy aggressively at its policy meeting later this month. At 2:45 AM ET(0645 GMT), the euro was at $1.1272, down some 0.1% from late Thursday and its lowest since June 20. The euro was also slightly lower against the British pound, which
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The British Pound Sits And Waits For The Next Shoe To Drop
The next Tory Prime Minister.An election looms large.A hard Brexit will create fear.Herding cats in the Parliament and EU.FXB could get volatile.
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Brazil real strengthens past 3.80 per dollar for first time since mid-March
Brazil's real strengthened onThursday as investors pushed the dollar below 3.80 reaisfor the first time in 3-1/2 months, on growing optimism Congresswill soon approve a comprehensive and weighty pension reformbill.
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Aussie Dollar: Poised For Upside Against The Greenback
The Aussie dollar is benefiting from a potential revival in US-China trade relations.Even with a recent rate cut by the Reserve Bank of Australia, the Aussie dollar is likely still undervalued.I take a bullish view on the Aussie dollar.
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Florida man contracts flesh-eating bacteria without even touching waterTyler King was at work in Santa Rosa Beach, Florida, last week, when he noticed his left bicep starting to swell
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China Is Leading the Next Step in Fighting Malaria in AfricaThe effort would not only ease the disease’s massive burden on Kenya’s health system, but also help change the perception in Africa that Chinese-made goods and medicine are of poor quality.
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Burnout is real – here’s how to avoid itJob burnout is an epidemic, and tech workers are especially at risk. Here’s how you can avoid feeling fried – and what employers can do to de-stress their workforce.
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California earthquake felt in Los Angeles and Las Vegas
The strongest earthquake to hit Southern California in nearly 20 years prompted one city to declare a state of emergency Thursday, and shook residents from Las Vegas to Orange County.
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“Nothing America can’t do”: Trump touts U.S. military strength in 4th of July speech
President Donald Trump paid tribute to the military during a hot and rainy Independence Day celebration that drew crowds of supporters and protesters.
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New Data Gives Insight Into The State Of The Economy
102,000 nonfarm jobs gained by the U.S. private sector in June was below the 135,000 economists were expecting. It was also less than half of the number added in June 2018.A number of events over the past month have been changing the environment individuals and businesses are conducting commerce in and influencing their purchasing decisions.All of the uncertainty created by these events could be preventing the private sector from adding the number of jobs economists were predicting.Investors
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Canada may not set more jobs records, but numbers aren't the whole story: Don Pittis
Canada has been a job-creating machine. With the latest statistics for Canada and the U.S. out Friday, economists, politicians — and a lot of the rest of us — will be scrutinizing the details to see if that's likely to continue.
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What World Slump? $55 Billion To Emerging MarketsOver $18 billion a month will flow into countries like China this summer, BNP Paribas thinks.
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Saudi Arabia’s Warm Reception in Markets Helps Revive Aramco IPO TalkSaudi Arabia has developed an outsize impact on markets for a country of 33 million thanks to a couple of important index inclusions and a renewed global search for yield.
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4 Ways To Play China Trade Truce: From Gutsy To PrudentWord of a China trade truce is prompting investors to take a fresh look at the region. There are a number of ways to play this turn of events.
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Best ETFs for 2019: iShares Core MSCI Emerging Markets ETF Will Level UpThe iShares Core MSCI Emerging Markets ETF (IEMG) still has a shot at being among the best ETFs to buy this year as long as these two things happen.
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Good Funds in Bad MarketsThese managers have stellar track records, delivering strong gains in weak categories.
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Report: Iraq gov't detains thousands in degrading conditions
A leading international human rights organization is criticizing the Iraqi government for holding thousands of prisoners, including children, in degrading and "inhuman" conditions
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Iraqi PM takes a gamble with move on Iran-backed militias
Iraqi PM's effort to rein in Iran-backed militias is unlikely to succeed, but may help his country navigate US-Iran tensions
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Iran could consider talks with U.S. only if sanctions lifted, Khamenei permits: minister
Iran's intelligence minister has said Tehran and Washington could hold talks only if the United States ended its sanctions and Iran's top authority, Ayatollah Ali Khamenei, gave his approval, state news agency IRNA reported on Thursday.
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Asia feels pinch from higher Middle East oil shipping costs
* War risk insurance premiums rise 10-fold
Read in Reuters: https://apple.news/ARgpixbHoS-
IMF slashes Oman's 2019 economic growth forecast to 0.3%
The International Monetary Fundhas cut Oman's 2019 economic growth forecast to 0.3% from 1.1%as OPEC-led production curbs slash oil-related growth among Gulfenergy producers.
Read in Reuters: https://apple.news/
METALS-Copper holds steady as tight supply offsets demand concerns(Updates throughout, adds official prices, moves dateline fromSINGAPORE)
Read in Reuters: https://apple.news/
Zimbabwe: Govt Commends Chinese Tile ManufacturerGovernment has commended work being done by Norton-based Chinese tile manufacturer, Sunny Yi Feng, which has already started exporting some of its products. The firm started making tiles on May 12 and is producing between 30 000 and 35 000 square metres of tiles per day, 70 percent of which are exported to several countries in the SADC region. Yesterday, ministers of Information, Publicity and Broadcasting Services Monica Mutsvangwa; Industry and Commerce Nqobizitha Mangaliso Ndlovu and Justice,
Read in AllAfrica: https://apple.news/
Zimbabwe: 'Fugitive' Ex-Minister Chikwinya Faces Arrest Over DebtFormer Women's Affairs Minister, Nyasha Chikwinya faces imprisonment after she failed to comply with a court order compelling her to settle a US$25 000 debt owed to Old Mutual Property Cooperation (Private) Limited. The debt has been outstanding since 2012 and the ex-minister is believed to be in hiding. Old Mutual applied for civil imprisonment against Chikwinya back then but she is nowhere to be found. According to a chamber application by Old Mutual seeking for an order to serve summons to a
Read in AllAfrica: https://apple.news/
Zimbabwe: Govt Moots Solar Energy for Hospitals As Power Crisis Threatens Patients On Life SupportENERGY Minister Fortune Chasi has revealed plans by government to equip the country's hospitals with solar energy as crippling power outages now threaten the lives of patients on life support. Power utility, ZESA has introduced 15 hour load shedding schedules for households and industry as the country's power crisis persists. The situation has since caught up with hospitals often regarded as special places that should never be denied power. Chasi revealed during a Renewable Energy and Power
Read in AllAfrica: https://apple.news/
Mozambique and Brazil discuss natural gasMozambique and Brazil are seeking mechanisms that will make the exploitation of natural gas in the Rovuma Basin, in the northern province of Cabo Delgado, an opportunity to simulate the industrial development of Mozambique. To this end, a Brazil-Mozambique Seminar on Petroleum, Gas and Related Sectors began in Maputo on Wednesday, in which the two...
Read in FurtherAfrica: https://apple.news/
How Is China's Economy Doing?China has been a major contributor to global growth, and its economic activity tends to have significant repercussions for the global economy.Purchasing managers' indices are a better indicator of the health of the Chinese economy than the gross domestic product number.As with any economy, central bank policy is very important in China.
Read in Seeking Alpha: https://apple.news/AAOe-
China says existing U.S. tariffs must be removed for a trade dealExisting U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China's commerce ministry said on Thursday.
Read in Reuters: https://apple.news/AkdW2-
Hong Kong’s MPF wipes out last year’s losses with strong first-half gains thanks to stocks rally, easing of trade warHong Kong’s compulsory pension scheme has clawed back all of last year’s losses as a global stock market rally and an easing in trade tensions boosted returns in the first half of 2019. The HK$813 billion (US$104.43 billion) Mandatory Provident Fund on…
Read in South China Morning Post: https://apple.news/Ap_
North Korea says US is 'hell-bent on hostile acts'Just days after President Trump and North Korean leader Kim Jong Un agreed to resume denuclearization talks, Pyongyang’s UN delegation accused the US of being “more and more hell-bent on hostile acts” against the country. The delegation said Wednesday that North Korea was responding to a letter sent to all UN member states late last month. In the letter, the US — along with the UK, Germany and France — called on countries around the world to impose tougher sanctions on Pyongyang, according to
Read in New York Post: https://apple.news/
Taiwan tech firms set to join exodus from China amid trade war, says Citibank researchA 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday. “Taiwan firms’ exports account…
Read in South China Morning Post: https://apple.news/
Vietnam asks firms to use local materials as US threatens tariffsVietnamese manufacturers shoulduse domestically-sourced raw materials to avoid incurring U.S.tariffs, Vietnam's foreign ministry said on Thursday, days afterWashington said it would impose large duties on some steelproducts shipped through the Southeast Asian country.
Read in Reuters: https://apple.news/
So far, Vietnam's the only winner in the US-China spat: EconomistNet-net, Vietnam has been the only winner in the U.S.-China trade war thus far, says Aidan Yao of AXA Investment Managers. Other Southeast Asian economies lost because their exports to China fell more than their exports to the U.S. increased, he says.
Read in CNBC: https://apple.news/
UK watchdog wants hard evidence from banks on Libor shift
Banks must provide concrete evidence to show that they are ending the use of the Libor interest rate benchmark as a price reference in financial contracts, a senior Financial Conduct Authority official said on Thursday.
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UK breaking up would be 'regrettable' but price worth paying for Brexit, says Nigel Farage
The break-up of the United Kingdom would be "deeply regrettable" but a price worth paying to deliver Brexit, Nigel Farage has said.
Read in The Independent: https://apple.news/AHWM5m-
French lawmakers approve 3% tax on online giants
France's lower house of parliament has approved a pioneering tax on internet giants like Google, Amazon and Facebook
Read in ABC News: https://apple.news/
Euro zone May retail sales unexpectedly fall 0.3% month-on-month: Eurostat
Euro zone retail sales fell in May, bucking economists' expectations of a slight increase, European Union data showed on Thursday.
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EU energy chief says Europe must commit to carbon neutrality by 2050
Reluctant European Unionnations must be convinced to back the goal of zeroing out carbonemissions by 2050, the bloc's energy chief told the EuropeanParliament on Thursday, saying the fight against climate changetopped the political agenda.
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GLOBAL/NEWS/INFO
OIL/COMMODITIES/ENERGY
Special Update: What To Do With Gold
The VC PMI gave us the signal that the market was expecting a correction into the levels in the $1379-1380 area last Friday.After covering shorts, wait for the signal to go long, which would be after the market tested the $1379 level and came back up.The monthly average price or mean is 1389.The target that the VC PMI identified is $1437-1461 when the report was published on the 26th.The market confirmed that the daily, weekly and monthly trends had bottomed, with first targets at $1437
Read in Seeking Alpha: https://apple.news/
Gold falls on equity uptick, focus on US job data
Mubasher: Gold prices slid on Thursday following an uptick in stock markets, while investors awaited US non-farm payrolls report.
Read in Mubasher: https://apple.news/
Gold Flat Ahead of Payroll Data, On Track for Seventh Week of Gains
Commodities Jul 05, 2019 04:11 GMT Investing.com - Gold prices were flat on Friday in Asia but is on track to log a seventh straight week of gains. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange were unchanged at $1,420.90 a troy ounce by 12:09 AM ET (04:09 GMT). All eyes are now on U.S. non-farm payroll, which are expected to have jumped by 160,000 in June compared with 75,000 in May. The data is due later in the day. On Wednesday, a report from ADP (
Read in Investing.com: https://apple.news/Au-
What's The Long-Term Oil Outlook? Watch How The Majors Invest
In recent years, there's been increasing talk about "peak oil" demand. At some point, the argument goes, global oil demand will stop growing and will eventually decline.In an industry that requires massive long-term investments, and where profitability is dependent upon the oil price, it's just around the corner.While peak oil demand might still be 20 years away, if oil majors restrain investments in longer-term projects, it could push oil prices upward in the early 2020s, especially amid
Read in Seeking Alpha: https://apple.news/
Oil Prices Fall Despite Elevated Tensions in Middle East
Commodities Jul 05, 2019 05:08 GMT Investing.com - Oil prices fell on Friday in Asia despite heightened tensions in the Middle East due to the seizure of an Iranian oil tanker by British Royal Marines. U.S. Crude Oil WTI Futures were down 1% to $56.77 by 1:15 AM ET (05:15 GMT). International Brent Oil Futures was down 0.03% to $63.29. It was reported that British Royal Marines helped the authorities in Gibraltar seize the ship on the basis of evidence that it was heading to Syria in breach of EU
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US energy independence race producing tons of oil, not so much profits
Oh sure, U.S. shale producers have been prolific with oil production, but not so much with actually making profits.
Read in Fox News: https://apple.news/
China aims to launch low-sulfur bunker fuel oil futures in 2019
China aims to launch a bonded low-sulfur bunker fuel oil contract that will allow foreign investors to participate in trading by the end of 2019, the Shanghai Futures Exchange (ShFE) said on Thursday.
Read in Reuters: https://apple.news/AspbBzOZpT-
METALS-Copper holds steady as tight supply offsets demand concerns
(Updates throughout, adds official prices, moves dateline fromSINGAPORE)
Read in Reuters: https://apple.news/
BANKS/BANKING/CREDIT
I paid off more than $10,000 of credit card debt in 3 years, and using balance transfer cards saved me another $3,000 in interest
The author is not pictured. A few years out of college, I found myself $10,000 deep in credit card debt and needed to pay it off quickly. I stumbled upon balance transfer credit cards, which gave me an interest-free window to pay off my debt quickly and save money. Although I made some mistakes, I paid off all my debt in 3 years, and balance transfers saved me over $3,000 in interest. If you're looking to pay off debt, earn rewards, or anything else, CreditCards.com's free CardMatch tool can
Read in Business Insider: https://apple.news/
Newly named European Central Bank head Christine Lagarde isn't an economist—and that's good news
Christine Lagarde has been nominated to replace Mario Draghi as president of the European Central Bank (ECB). A French politician, Lagarde, 63, has run the International Monetary Fund since 2011. If she's confirmed, both the ECB and the US Federal Reserve—the world's two most influential central banks—will be headed by lawyers, not economists. It was...
Read in Quartz: https://apple.news/
Low Price Inflation Means The Fed Will Retreat To Low Rates And Easy Money
A softer increase in the personal consumption price index adjusted for food and energy has likely prompted Fed policymakers to hint about a cut in the policy interest rate in the months ahead.Based on the lagged money supply (AMS) growth rate, I suggest the annual growth of the core PCE price index is likely to be subdued during this year before falling sharply in 2020-21.When inflation rises, the central bank can always cool it off by tighter monetary policies, which weakens aggregate demand.
Read in Seeking Alpha: https://apple.news/
Bitcoin Is Nightmare For Banks Laundering $2 Trillion Every Year
One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom. Banks are far from infallible by nature, and the number of recent reports on money laundering scandals is on the increase. Banks Fear Accountability $2 trillion (over ten times the total market capitalization of Bitcoin) is laundered by banks every year
Read in Bitcoinist.net: https://apple.news/Arb-
These are the 10 biggest banks in the world in 2019
JPMorgan is the highest-ranking US bank. Chinese banks came out on top as the world's biggest, according to calculations by The Banker. American banks are more efficient in use of their assets. British banks defied the Brexit slump by increasing their profits. Read more on Markets Insider. Every year, The Banker compiles a list of the biggest banks in the world, and yet again Chinese banks have dominated the top of the list. The Banker includes 1000 banks across the list, ranking them based upon
Read in Business Insider: https://apple.news/AngBmO_
TREASURIES/BONDS/STOCKS
Bond yields are falling to record lows as investors pull back from risky assets
Government bond yields in most major economies worldwide have been flirting with all-time lows in the last few days, indicating that investors are wary of an impending recession.
Read in CNBC: https://apple.news/Av_
Estimating 10-Year Forward Returns For Stocks With The Shiller CAPE Ratio And The Long-Term Trend
The average of S&P 500 for June 2019 was 2,890. A 20% decline from this level would bring it to the January 2020 level of the long-term trend line.The Shiller Cyclically Adjusted Price to Earnings Ratio (CAPE) is at a relatively high level of 28.9, and the CAPE’s 35-year moving average (MA35) is at 23.9.The CAPE-MA35 ratio is 1.21, forecasting a 10-year annualized real return of 6.2%. This would indicate that for long-term investors, the S&P 500 is currently not overvalued.Investing in equities
Read in Seeking Alpha: https://apple.news/A2dHMnwUqR_
Indicators Suggest Breakout Ahead
S&P 500 has been constrained by Overhead Resistance for more than two months but should change this week.Sector performance trends switched from defensive to bullish in the last two weeks.Employment, a coincident indicator of market downturns, remains steady and is not warning of significant problems yet.
Read in Seeking Alpha: https://apple.news/
The Slope Of The U.S. Yield Curve And Risks To Growth
The slope of the yield curve in the US has inverted in recent months, making long-term debt significantly cheaper than short-term debt.The slope of the yield curve gives us information on the range of possibilities for future growth.It is important to note that the most likely scenario is one of continued positive albeit somewhat lower growth.
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Both the bond and the stock market are 'ultimately right': Economist
The bond market appears to be signalling trouble while stock market is hitting new highs. Shane Oliver of AMP Capital explains why he says both markets can be right even though they seem to be sending different messages.
Read in CNBC: https://apple.news/Ak-
Top 5 Things to Know in the Market on Friday
Economy Jul 05, 2019 09:23 GMT Investing.com - Here are the top five things you need to know in financial markets on Friday, July 5: 1. Jobs report to factor into Fed policy decision The June employment report is due at 8:30 AM ET (1230 GMT) and is likely to cement expectations for an interest rate cut at the Federal Reserve’s policy decision at the July 30-31 meeting. Nonfarm payrolls are expected to rebound from a meager 75,000 in May, with the creation of 160,000 jobs, while the unemployment
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CRYPTO'S / DIGITAL CURRENCY
South Korea's Shinhan Bank Is Cracking Down Harder on Anonymous Crypto Users
New rules make it even harder to create anonymous crypto exchanges in South Korea.
Read in CoinDesk: https://apple.news/
Buy The Dip On Bitcoin
Bitcoin contains qualities that make it a theoretically superior form of money.Technical analysis suggests we are entering a fourth parabolic advance.Increased institutional interest could be the catalyst for this next rally.
Read in Seeking Alpha: https://apple.news/
Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions
The software upgrade can potentially be introduced to approximately 170,000 machines across America.
Read in CoinDesk: https://apple.news/
China's Sina Finance adds cryptocurrency support on its application amid government clampdown
The People's Bank of China [PBOC], the central regulatory authority that regulates Financial Institutions in the country, had issued a statement on June 25 that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites. However, a few days later, a new announcement from the country made waves. China's largest financial...
Read in AMBCrypto: https://apple.news/
Bitcoin consumes more energy than Switzerland, according to new estimate
Though researchers acknowledge that reliable estimates are ‘rare’
Read in The Verge: https://apple.news/
Bitcoin Could Have Seen Its Last Ever Dip Below $10k - Bitcoinist.com
The past week saw bitcoin price pull-back 30%, and then quickly recover. But historical analysis suggests we may have seen the end of the sub-$10k bitcoin for good. Pullbacks During Bitcoin Bull Runs While the recent pullback from 2019 highs may have been concerning for some, a look back through bitcoin price history shows that they are actually pretty commonplace. From mid-2015 through to the December 2017 all-time high, there were 8 such pullbacks occurring every 98 days on average. Each of
Read in Bitcoinist.net: https://apple.news/
The past week saw bitcoin price pull-back 30%, and then quickly recover. But historical analysis suggests we may have seen the end of the sub-$10k bitcoin for good. Pullbacks During Bitcoin Bull Runs While the recent pullback from 2019 highs may have been concerning for some, a look back through bitcoin price history shows that they are actually pretty commonplace. From mid-2015 through to the December 2017 all-time high, there were 8 such pullbacks occurring every 98 days on average. Each of
Read in Bitcoinist.net: https://apple.news/
CURRENCIES
USD Reserve Currency Status Eroding Slowly But Surely
European allies develop non-Dollar trading with Iran to avoid sanctions.Dollar share of central bank reserves declining.China buying Iranian oil with own currency, instead of Dollar.History has more periods of multiple reserve currencies than one single reserve currency.Weaponizing the Dollar against allies to contain Iran could backfire on the Dollar.
Read in Seeking Alpha: https://apple.news/AoskHinDBR-
What Happens When The U.S. Dollar Declines?
If the greenback declines, the benefits can be widespread.Over 80 percent of all currency transactions involve the greenback, and investors of all asset classes have learned that its ups and downs can have significant ramifications for their investments.Any businesses with customers outside of their own borders need to be mindful of its swings, because the moves in the greenback can have a big impact on earnings and equity valuations.
Read in Seeking Alpha: https://apple.news/
Big Dollar Awaits NFP Data And Trump Currency Tweets
Euro stocks have edged a tad higher while U.S. stock futures are unchanged following Asia's mixed session one day after new record highs for indexes stateside.Global equity markets are enjoying a rally driven by the trade truce between the U.S. and China and bets on easier monetary policy from central banks.Data late last night showed that retail sales in Australia rose +0.1% in May from a month earlier, rebounding from the -0.1% posted in April.
Read in Seeking Alpha: https://apple.news/Aq_
Forex - U.S. Dollar Little Changed Ahead of Non-Farm Payrolls Data
Forex Jul 05, 2019 05:17 GMT Investing.com - The U.S. dollar was little changed on Friday in Asia as traders remained cautious ahead of the U.S. non-farm payrolls data due later in the day. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.04% to 96.373 by 1:51 AM ET (05:51 GMT). Trading volumes were light as U.S. financial markets were closed for a public holiday. Non-farm payrolls are expected to have risen by 160,000 in June, compared with 75,000 in
Read in Investing.com: https://apple.news/AO_
Forex Jul 05, 2019 05:17 GMT Investing.com - The U.S. dollar was little changed on Friday in Asia as traders remained cautious ahead of the U.S. non-farm payrolls data due later in the day. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.04% to 96.373 by 1:51 AM ET (05:51 GMT). Trading volumes were light as U.S. financial markets were closed for a public holiday. Non-farm payrolls are expected to have risen by 160,000 in June, compared with 75,000 in
Read in Investing.com: https://apple.news/AO_
Forex - Euro Falls vs Dollar After Weak German Orders
Forex Jul 05, 2019 07:01 GMT Investing.com -- The dollar rose to a three-week high against the euro in early trading in Europe Friday, after another disappointing set of factory orders in Germany encouraged bets that the European Central Bank will ease policy aggressively at its policy meeting later this month. At 2:45 AM ET(0645 GMT), the euro was at $1.1272, down some 0.1% from late Thursday and its lowest since June 20. The euro was also slightly lower against the British pound, which
Read in Investing.com: https://apple.news/
The British Pound Sits And Waits For The Next Shoe To Drop
The next Tory Prime Minister.An election looms large.A hard Brexit will create fear.Herding cats in the Parliament and EU.FXB could get volatile.
Read in Seeking Alpha: https://apple.news/
Brazil real strengthens past 3.80 per dollar for first time since mid-March
Brazil's real strengthened onThursday as investors pushed the dollar below 3.80 reaisfor the first time in 3-1/2 months, on growing optimism Congresswill soon approve a comprehensive and weighty pension reformbill.
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Aussie Dollar: Poised For Upside Against The Greenback
The Aussie dollar is benefiting from a potential revival in US-China trade relations.Even with a recent rate cut by the Reserve Bank of Australia, the Aussie dollar is likely still undervalued.I take a bullish view on the Aussie dollar.
Read in Seeking Alpha: https://apple.news/
HEALTH / SCIENCE
Florida man contracts flesh-eating bacteria without even touching waterTyler King was at work in Santa Rosa Beach, Florida, last week, when he noticed his left bicep starting to swell
Read in CBS News: https://apple.news/AZ3or-
China Is Leading the Next Step in Fighting Malaria in AfricaThe effort would not only ease the disease’s massive burden on Kenya’s health system, but also help change the perception in Africa that Chinese-made goods and medicine are of poor quality.
Read in The Atlantic: https://apple.news/
Burnout is real – here’s how to avoid itJob burnout is an epidemic, and tech workers are especially at risk. Here’s how you can avoid feeling fried – and what employers can do to de-stress their workforce.
Read in Ladders: https://apple.news/AzSg-
USA / CANADA
California earthquake felt in Los Angeles and Las Vegas
The strongest earthquake to hit Southern California in nearly 20 years prompted one city to declare a state of emergency Thursday, and shook residents from Las Vegas to Orange County.
Read in CNN: https://apple.news/
“Nothing America can’t do”: Trump touts U.S. military strength in 4th of July speech
President Donald Trump paid tribute to the military during a hot and rainy Independence Day celebration that drew crowds of supporters and protesters.
Read in USA TODAY: https://apple.news/
New Data Gives Insight Into The State Of The Economy
102,000 nonfarm jobs gained by the U.S. private sector in June was below the 135,000 economists were expecting. It was also less than half of the number added in June 2018.A number of events over the past month have been changing the environment individuals and businesses are conducting commerce in and influencing their purchasing decisions.All of the uncertainty created by these events could be preventing the private sector from adding the number of jobs economists were predicting.Investors
Read in Seeking Alpha: https://apple.news/A_9H-
Canada may not set more jobs records, but numbers aren't the whole story: Don Pittis
Canada has been a job-creating machine. With the latest statistics for Canada and the U.S. out Friday, economists, politicians — and a lot of the rest of us — will be scrutinizing the details to see if that's likely to continue.
Read in CBC News: https://apple.news/
EMERGING MARKETS
What World Slump? $55 Billion To Emerging MarketsOver $18 billion a month will flow into countries like China this summer, BNP Paribas thinks.
Read in Forbes: https://apple.news/
Saudi Arabia’s Warm Reception in Markets Helps Revive Aramco IPO TalkSaudi Arabia has developed an outsize impact on markets for a country of 33 million thanks to a couple of important index inclusions and a renewed global search for yield.
Read in Barron's: https://apple.news/
4 Ways To Play China Trade Truce: From Gutsy To PrudentWord of a China trade truce is prompting investors to take a fresh look at the region. There are a number of ways to play this turn of events.
Read in Investor's Business Daily: https://apple.news/
Best ETFs for 2019: iShares Core MSCI Emerging Markets ETF Will Level UpThe iShares Core MSCI Emerging Markets ETF (IEMG) still has a shot at being among the best ETFs to buy this year as long as these two things happen.
Read in InvestorPlace: https://apple.news/
Good Funds in Bad MarketsThese managers have stellar track records, delivering strong gains in weak categories.
Read in Kiplinger: https://apple.news/
MIDDLE EAST
Report: Iraq gov't detains thousands in degrading conditions
A leading international human rights organization is criticizing the Iraqi government for holding thousands of prisoners, including children, in degrading and "inhuman" conditions
Read in ABC News: https://apple.news/A-
Iraqi PM takes a gamble with move on Iran-backed militias
Iraqi PM's effort to rein in Iran-backed militias is unlikely to succeed, but may help his country navigate US-Iran tensions
Read in ABC News: https://apple.news/
Why Iraq’s great rivers are dying
And it couldn’t happen at a worse time.
Read in Vox: https://apple.news/
And it couldn’t happen at a worse time.
Read in Vox: https://apple.news/
Iran could consider talks with U.S. only if sanctions lifted, Khamenei permits: minister
Iran's intelligence minister has said Tehran and Washington could hold talks only if the United States ended its sanctions and Iran's top authority, Ayatollah Ali Khamenei, gave his approval, state news agency IRNA reported on Thursday.
Read in Reuters: https://apple.news/
Asia feels pinch from higher Middle East oil shipping costs
* War risk insurance premiums rise 10-fold
Read in Reuters: https://apple.news/ARgpixbHoS-
IMF slashes Oman's 2019 economic growth forecast to 0.3%
The International Monetary Fundhas cut Oman's 2019 economic growth forecast to 0.3% from 1.1%as OPEC-led production curbs slash oil-related growth among Gulfenergy producers.
Read in Reuters: https://apple.news/
AFRICA
METALS-Copper holds steady as tight supply offsets demand concerns(Updates throughout, adds official prices, moves dateline fromSINGAPORE)
Read in Reuters: https://apple.news/
Zimbabwe: Govt Commends Chinese Tile ManufacturerGovernment has commended work being done by Norton-based Chinese tile manufacturer, Sunny Yi Feng, which has already started exporting some of its products. The firm started making tiles on May 12 and is producing between 30 000 and 35 000 square metres of tiles per day, 70 percent of which are exported to several countries in the SADC region. Yesterday, ministers of Information, Publicity and Broadcasting Services Monica Mutsvangwa; Industry and Commerce Nqobizitha Mangaliso Ndlovu and Justice,
Read in AllAfrica: https://apple.news/
Zimbabwe: 'Fugitive' Ex-Minister Chikwinya Faces Arrest Over DebtFormer Women's Affairs Minister, Nyasha Chikwinya faces imprisonment after she failed to comply with a court order compelling her to settle a US$25 000 debt owed to Old Mutual Property Cooperation (Private) Limited. The debt has been outstanding since 2012 and the ex-minister is believed to be in hiding. Old Mutual applied for civil imprisonment against Chikwinya back then but she is nowhere to be found. According to a chamber application by Old Mutual seeking for an order to serve summons to a
Read in AllAfrica: https://apple.news/
Zimbabwe: Govt Moots Solar Energy for Hospitals As Power Crisis Threatens Patients On Life SupportENERGY Minister Fortune Chasi has revealed plans by government to equip the country's hospitals with solar energy as crippling power outages now threaten the lives of patients on life support. Power utility, ZESA has introduced 15 hour load shedding schedules for households and industry as the country's power crisis persists. The situation has since caught up with hospitals often regarded as special places that should never be denied power. Chasi revealed during a Renewable Energy and Power
Read in AllAfrica: https://apple.news/
Mozambique and Brazil discuss natural gasMozambique and Brazil are seeking mechanisms that will make the exploitation of natural gas in the Rovuma Basin, in the northern province of Cabo Delgado, an opportunity to simulate the industrial development of Mozambique. To this end, a Brazil-Mozambique Seminar on Petroleum, Gas and Related Sectors began in Maputo on Wednesday, in which the two...
Read in FurtherAfrica: https://apple.news/
ASIA
How Is China's Economy Doing?China has been a major contributor to global growth, and its economic activity tends to have significant repercussions for the global economy.Purchasing managers' indices are a better indicator of the health of the Chinese economy than the gross domestic product number.As with any economy, central bank policy is very important in China.
Read in Seeking Alpha: https://apple.news/AAOe-
China says existing U.S. tariffs must be removed for a trade dealExisting U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China's commerce ministry said on Thursday.
Read in Reuters: https://apple.news/AkdW2-
Hong Kong’s MPF wipes out last year’s losses with strong first-half gains thanks to stocks rally, easing of trade warHong Kong’s compulsory pension scheme has clawed back all of last year’s losses as a global stock market rally and an easing in trade tensions boosted returns in the first half of 2019. The HK$813 billion (US$104.43 billion) Mandatory Provident Fund on…
Read in South China Morning Post: https://apple.news/Ap_
North Korea says US is 'hell-bent on hostile acts'Just days after President Trump and North Korean leader Kim Jong Un agreed to resume denuclearization talks, Pyongyang’s UN delegation accused the US of being “more and more hell-bent on hostile acts” against the country. The delegation said Wednesday that North Korea was responding to a letter sent to all UN member states late last month. In the letter, the US — along with the UK, Germany and France — called on countries around the world to impose tougher sanctions on Pyongyang, according to
Read in New York Post: https://apple.news/
Taiwan tech firms set to join exodus from China amid trade war, says Citibank researchA 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday. “Taiwan firms’ exports account…
Read in South China Morning Post: https://apple.news/
Vietnam asks firms to use local materials as US threatens tariffsVietnamese manufacturers shoulduse domestically-sourced raw materials to avoid incurring U.S.tariffs, Vietnam's foreign ministry said on Thursday, days afterWashington said it would impose large duties on some steelproducts shipped through the Southeast Asian country.
Read in Reuters: https://apple.news/
So far, Vietnam's the only winner in the US-China spat: EconomistNet-net, Vietnam has been the only winner in the U.S.-China trade war thus far, says Aidan Yao of AXA Investment Managers. Other Southeast Asian economies lost because their exports to China fell more than their exports to the U.S. increased, he says.
Read in CNBC: https://apple.news/
EUROPE
UK watchdog wants hard evidence from banks on Libor shift
Banks must provide concrete evidence to show that they are ending the use of the Libor interest rate benchmark as a price reference in financial contracts, a senior Financial Conduct Authority official said on Thursday.
Read in Reuters: https://apple.news/
UK breaking up would be 'regrettable' but price worth paying for Brexit, says Nigel Farage
The break-up of the United Kingdom would be "deeply regrettable" but a price worth paying to deliver Brexit, Nigel Farage has said.
Read in The Independent: https://apple.news/AHWM5m-
French lawmakers approve 3% tax on online giants
France's lower house of parliament has approved a pioneering tax on internet giants like Google, Amazon and Facebook
Read in ABC News: https://apple.news/
Euro zone May retail sales unexpectedly fall 0.3% month-on-month: Eurostat
Euro zone retail sales fell in May, bucking economists' expectations of a slight increase, European Union data showed on Thursday.
Read in Reuters: https://apple.news/
EU energy chief says Europe must commit to carbon neutrality by 2050
Reluctant European Unionnations must be convinced to back the goal of zeroing out carbonemissions by 2050, the bloc's energy chief told the EuropeanParliament on Thursday, saying the fight against climate changetopped the political agenda.
Read in Reuters: 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.
The ISX Closed on Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
7-5-2019 Newshound/Intel Guru Mnt Goat Article: "CBI ENCOURAGES BANKS IRAQ TO DEPLOY ELECTRONIC PAYMENT TOOLS REPRESENTED BY ATM AND POS" Note this article DOES NOT say that the lower denominations (1, 5,10,25,100,.25, .50, etc..) are now available in the ATMs.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted on both the Arabic and the English sides)
Prime Minister Adel Abdul Mahdi congratulates the Iraqis on the occasion of the inclusion of Babylon on the World Heritage List
I extend my congratulations and congratulations to the people of Iraq on the occasion of the inclusion of Babylon on the list of world heritage, another victory for the Iraq of civilization, which was and will remain a beacon of the whole world.
I welcome the great efforts that have been made to ensure the success of this issue among the concerned parties in the Ministry of Culture, Archaeologists, the supporting bodies and the media. I also extend my sincere thanks to the countries that have stood with Iraq and supported these efforts.
This occasion adds value to the status of Iraq among the nations, a reminder that Mesopotamia is already the backbone of human memory, and the origin of the emergence of civilization since the beginning of human codification. We hope that Babylon and all other archaeological sites will receive attention and care, as well as global research and exploration efforts, to complement the history of humanity that began from Mesopotamia.
We ask God Almighty to perpetuate the blessing of security and stability for our people in a united and united state so that Iraq remains the title of coexistence, cultural and intellectual diversity, and a haven for stability and a kiss for tourists from all over the world.
Adel Abdel Mahdi
Prime Minister
5-July-2019
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt7-5-2019 around 10 am Eastern
Congratulations #Babylon for being inscribed on @UNESCO’s World Heritage List. The
inscription represents a recognition of the outstanding human value and the
unique significance of this ancient city and of the civilizations of Mesopotamia
and their contributions to humanity.
Lik
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-5-2019 around 9 am Eastern
The cement industry plays a vital role in Iraq’s reconstruction, creates jobs and contributes to economic development. Watch this video to learn more about how the @IraqiGovt is supporting the growth of this industry.
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ARTICLE 3
Karbalai sounds the alarm against the government and warns of two moral phenomena
2019/7/5 13:51
Karbala-Ain
The top representative of the Supreme Council, Sheikh Abdul Mahdi al-Karbalai, called on state institutions to pay attention to two moral phenomena.
Sheikh Abdul-Mahdi Al-Karbalai said in a Friday sermon delivered from inside the dish Al-Husseini Al-Sharif: "We point out and warn of a phenomenon that may be considered one of the most social problems at present. The growing phenomenon of the spread of drugs is a matter of great concern, especially this phenomenon spread among young men and women, "We have noticed this phenomenon has recently been used in a cunning way and there are many ways to wash the minds of young people, where it does not come to the clear address of drug abuse in such a way that these pills lead to calm and treat his condition Yeh that passes Banoan less rejection when he signed the trap and influenced by the young man and young woman was dragged to the pills more effect. "
Sheikh Abdul-Mahdi said, "We must follow up the growth of this phenomenon is very serious and calls for more attention and the attention of the concerned bodies and community and take care of them," he said, "and we need a legal deterrent and punishment and there must be a law to stop and we have weak deterrent law, .
"There are influential people in the country who protect drug traffickers who trade because of their relations with those who carry out the sanctions," he said.
He pointed out that "there is a large vacuum among young people because of social problems and the opportunity to work and emotional as is the case with the encouragement of the private sector or industries, which we address something of reality," explaining that "there is a social imbalance in our schools and universities and the balance of balance problems and ethical challenge and educational Receives the entitlement of interest and the school gives the student's right to academic education does not give the right to education, as well as universities and government institutions. "
"Some of the media are professional and some of the others have gone out and gone, and we have good young energies that have a heartburn on their country, and we must pay attention to these dangers," he said.
The reference of the reference to the second phenomenon, "the growth of some of the corruption centers, especially in Baghdad, some of them are named names acceptable health and social corrupt and must be aware of the government and must put the same eye and corrupt the young morals and values," adding that "the phenomenon of corruption centers began to spread And growing and the institutions of the state to be aware of them "
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ARTICLE 4
The Cabinet authorizes the Minister of Finance to sign an agreement to improve electricity
2019/7/4 15:59
[Baghdad-where]
The Iraqi cabinet decided on Thursday to authorize the Minister of Finance to sign an agreement to improve electricity.
According to a document obtained by the All Iraq News Agency [IN] a copy of which confirms that "the Council of Ministers decided to approve the authorization of Finance Minister Fouad Hussein authority to sign the loan agreement financing the project to improve electricity."
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ARTICLE 5
A deputy lawmaker describes the regime in Iraq as failing and holds the people responsible
2019/7/5 13:42
[Baghdad-where]
A deputy for the coalition of state law, Friday, the political system in Iraq as a "failure", stressing that the best solution to evaluate the political process is the popular pressure and to go in the elections to vote to two or three blocs instead of division and division between blocks Shiite, Sunni and Kurdish.
Adnan al-Asadi said in a press statement that "the main problem in Iraq is the political system and not the personalities that address the presidential positions, even if Mahathir Mohammed came to the premiership in Iraq will not succeed in his government in this failed political system," noting that "the government of quotas and parties and consensus will not see success, "He said.
"As long as this solution is very difficult, if not impossible, because of the stalemate of the constitution and its need for a referendum, its conditions are impossible, so the real solution now is through the people," he said. The Iraqi people are required to pressure to end quotas and to go to the majority through the movement of the people in the elections to a block or two and left the method of division and split in the vote to several blocks Shiite and Sunni and other Kurdish.
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