link
o all banks and all electronic payment service providers ( call to discuss ATM and POS )
( Number : 288/5/9 Date : 2019/7/10)
Based on the role of this supervisory and supervisory bank and in order to cover the investment costs for the deployment of ATMs and point of sale machines and expansion of other services that achieve the target revenues from the project of settling salaries, we would like to show the following:
1- Banks and card issuers must invest in ATMs and point-of-sale machines in proportion to their ability to issue cards and settle salaries.
2 - Companies licensed to work (as a receiver) take their important role in the deployment of ATMs and points of sale and control expansion in accordance with plans for deployment accountable for their implementation.
3 - The possibility of reducing the burden of employees pay and use of salaries through electronic payment channels (ATM-POS) by examining the prices of services of these channels compared to what is available to withdraw salaries now.
4. Your banks should provide incentive services to employees whose salaries have been settled if you do not withdraw a certain percentage of the amount (short-term savings and investment accounts).
5 - The possibility of allowing banks wishing to work in the area of collection and dissemination points of sale in the shops to win traders and open bank accounts and provide possible facilities.
6 - A trading meeting will be held on Tuesday, 2019/7/23 at 11:00 am at the headquarters of this bank to clarify our plan for the need to deploy ATMs and point of sale devices and not to expand the opening of cash withdrawals.
Please provide your feedback on the above within (7) working days from the date of this book.
WOTS Thursday 7/11/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.0000 | 1182.3000 | 1185.0000 | | 03:33 |
| USD/VND | | | 23220.0000 | 23188.9200 | 23188.9200 | | 00:00 |
| USD/CNY | | | 6.8829 | 6.8588 | 6.8829 | | 03:40 |
| USD/KWD | | | 0.3039 | 0.3038 | 0.3039 | | 03:09 |
| GBP/USD | | | 1.2541 | 1.2489 | 1.2499 | | 03:41 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14164.0000 | 14042.0000 | 14091.0000 | | 03:39 |
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DC NY Iraq Articles:dd
Nechirvan Barzani reveals the results of his meeting with Macron
11/7/19 (Independent) ...
The President of the Kurdistan Region, Nechirvan Barzani, the results of his meeting with French President Emmanuel Macaron today at the Elysee Palace in the French capital Paris.
"The meeting with the French president was good," Barzani told reporters after the meeting. "The role of France and Macaron in the political opening after the events of 16 October and the referendum issue, which contributed to improving relations between Arbil and Baghdad."
He said that after receiving the presidency of the region received an invitation to visit France, pointing out that "the meeting was positive and discussed our bilateral political and economic relations."
Barzani said that he invited Macaron to visit Kurdistan in his next visit to Iraq, adding that Macaron expressed his pleasure to hear the news of the announcement of the formation of the provincial government.
The visit of the President of the Kurdistan Region, Nechirvan Barzani, which is his first foreign since taking office, at the official invitation received from French President Emmanuel Macaron.
Iraq relies on free shipping in Hormuz to "cure" prices
11/07/2019
(Independent) ... Iraqi Oil Minister Thamer Ghadhban said that the OPEC + agreement to extend production cuts until the end of the first quarter 2020 will reduce stocks, help stabilize the market and address price fluctuations.
"The general trend is that the $ 70 a barrel or more is acceptable, and OPEC is seeking fair prices for consumers and producers alike," he said in remarks on the sidelines of an energy conference in Baghdad on Wednesday.
He pointed out that "Iraq hopes that the freedom of navigation in the Strait of Hormuz without interruption and travel."
The Organization of Petroleum Exporting Countries (OPEC) agreed earlier this month to extend a nine-month production cut. (End)
The government issues new decisions including the Interior and Defense to facilitate lending to housing
11/07/2019
(Independent) ... The housing fund in the Ministry of Construction, Housing and Public Municipalities has taken a number of decisions to facilitate lending to citizens of various classes, most notably the creation of a formula to accept the guarantees of employees of the Ministry of Interior and Defense.
The semi-official Al-Sabah newspaper quoted an official source as saying that the fund, among its plans to facilitate citizens' access to housing loans, has taken a number of decisions, including that if the borrower's retirement is referred to the retirement, The borrower shall default on payment and after taking a written undertaking to keep the guarantee on his pension, in addition to providing the pension number after obtaining it.
The source added that the new instructions also include granting the borrower the right to apply for a housing loan for two different mortgages in the case of eligible children to marry the borrower or the presence of a second wife or in case of cancellation of the first transaction, stressing that the borrower can not benefit from the housing loan twice for the property Himself.
On the other hand, the Rafidain Bank decided to grant loans to citizens and employees to buy residential units in investment projects and for the purpose of contributing and alleviating the housing crisis and according to the instructions included, grant a loan of 100 salaries, a minimum of 50 million dinars, and a maximum of 100 million dinars. (End)
The arrest of the target house of a deputy
(Independent) ... The police of the province of Dhi Qar, the arrest of the targets of the house of MP Sadiq al-Sulaiti of the province of Qalqat Sukkar.
Police said in a statement on Tuesday that the intelligence and anti-terrorist units of Dhi Qar arrested both the accused (ASY), 50, and the accused (HN), aged 36, Targeting the home of MP Sadiq al-Sulaiti Bromana voice.
"They have taken all legal measures against them and have given their testimony by judicial recognition and have decided to arrest them fundamentally," she said.
On Saturday, police in the province of Dhi Qar found an attack grenade parked near the house of a member of the House of Representatives from the mass of Saron Sadeq al-Sulaiti. (End)
Are men the main target of sexual harassment in Iraq?
11/07/2019
By Megha Mohan and Haider Ahmed BBC World Service
A BBC survey of the Arab world turned up an unexpected result in Iraq - more men than women reported having experienced verbal sexual harassment and physical sexual assault. Can this really be the case?
Sami is 13.
He is in the toilet at his school when three older boys aged between 15 and 17 corner him against a wall. They begin to touch and pull at parts of his body. Initially Sami freezes, his body paralysed with shock. And then he finds a voice.
"I started to scream."
The commotion alerted other children, who called the head teacher. The boys were evacuated from the school but their parents were not told why or informed of the nature of the attack.
Saudi Arabia and Iraq plan to launch joint military exercises
11/07/2019
Baghdad:
The chief of staff of the army, General Othman al-Ghanmi, discussed with his Saudi counterpart Tuesday cooperation in the fight against terrorism and launching joint military exercises between the two countries.
A statement issued by the Iraqi Ministry of Defense, received by "news" that "the Chief of Staff of the Army Gen. Othman Al-Ghanim, during his visit to Saudi Arabia, the Arab framework to develop relations between the Iraqi and Saudi armies."
"Joint coordination was discussed in combating terrorism and conducting a number of joint military exercises between the two countries," the statement said. "The chief of staff went to the Saudi National Museum and the Saudi Military College to view the training and teaching programs at the college."
Kauaihn Iraq Articles:dd
The Secretariat of the Council of Ministers announced the suspension of the official working day on Sunday
Date of release: 2019/7/11 10:23 • 500 times read
(Baghdad: Al Furat News) The General Secretariat of the Council of Ministers, Thursday, the disruption of the official working on Sunday.
The Secretariat said in a statement received {Euphrates News} a copy of it, that "the General Secretariat of the Council of Ministers announced the disruption of the official working day next Sunday, 14/7/2019."
"The holiday comes on the occasion of the anniversary of the July 14 revolution," she said
"The holiday comes on the occasion of the anniversary of the July 14 revolution," she said
Baghdad warns of a disaster threatening the entire Middle East by abandoning the nuclear agreement with Iran
Published: 11.07.2019
News
The Iraqi Foreign Ministry said on Wednesday that abandoning Iran's nuclear deal could be disastrous for the entire neighborhood.
The Iraqi Foreign Ministry announced the participation of the permanent representative of Iraq to the International Atomic Energy Agency (IAEA) Ambassador Bakr Fattah Hussein at the extraordinary meeting on the Iranian nuclear agreement.
"At the IAEA headquarters in Vienna, the extraordinary meeting on the Iranian nuclear agreement was held, and the ambassador confirmed Iraq's support for the Joint Comprehensive Action Plan (JCPOA)."
Paris: We seek common solutions to stop the economic war against Iran
Paris: We seek common solutions to stop the economic war against Iran
According to the statement, "the Iraqi ambassador stressed the importance of continuing to work because it represents an achievement of multilateral diplomacy, and that abandonment of the agreement can be disastrous for the entire neighborhood."
And renewed the call of the Government of Iraq to return to the negotiating table and keep the door of diplomacy open to overcome the current crisis. Home Iraq Localities
Al Adly announces the launch of the second batch of contractors' appointments
11/07/2019 12:19 AM | Number of readings:
Minister of Water Resources Jamal Al-Adly, on Wednesday, the launch of the second meal of appointments to the owners of the ministry, which includes (245) employees, saying "we promised Vovina, and we will fulfill all our obligations"
According to a statement, the Office of the Minister of Water Resources d. Jamal Al-Adly, that the Minister signed today the decision to appoint (245) contractors who continue to work in the various formations of the ministry where they were appointed on the basis of years of service and according to the terms of reference, in addition to the appointment of a number of first graduates on Iraqi universities, which comes a week after the signing of the first meal Of the appointments were senior contractors, day laborers and high degree holders, which included 213 contractors.
The statement pointed out that Minister Adli reiterated that the ministry is continuing to install all the contractors in the ministry.
Abdulhamidi: Obstruction of oil exports through "Hormuz" will affect Iraq
11 July, 2019
Iraqi Prime Minister Adel Abdul Mahdi
Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday that any impediment to the export of oil across the Strait of Hormuz will affect the Iraqi economy, which depends on oil imports.
"We have concerns about security developments in the Strait of Hormuz, which is feared to affect the shipping traffic in the strait, which is a major conduit for the export of Iraqi oil," Abdul Mahdi told his weekly press conference.
He added that the Council of Ministers is studying alternatives to find different and varied paths in order to ensure the continuation of the movement of Iraqi oil exports in a streamlined manner.
He explained that the Council of Ministers approved the draft Iraqi-Jordanian oil pipeline, in addition to the establishment of an industrial island for the export of crude oil in Iraqi territorial waters.
"There is no solution to the popular crowd and will be integrated with the armed forces"
On the other hand, Abdul Mahdi stressed that the popular rally will not be resolved, but will be integrated with the armed forces according to specific controls, pointing out that the Diwani order came to control the movement of arms and the organization of the situation of the fighters.
Iran is negotiating with Kurdish parties for fear of standing with America
The headquarters of a Kurdish party bombed by Iran Archived
London - Agencies
History: 11 July 2019
Opponents of the Iranian Kurds said that representatives of the Iranian regime had held meetings in the Norwegian capital, Oslo, in preparation for negotiations with four opposition Kurdish parties, the Kurdistan Democratic Party of Iran and the Kurdistan Party of Kurdistan and the other two dissident parties under similar names.
According to the website «Arab.Net» from Kurdish sources, the talks between those parties and Iranian officials, including intelligence officers, was in three stages in Germany and Norway. The sources, who did not want to be identified, said that Iran has threatened to attack the bases of these parties, which are based in Kurdistan, Iraq and its destruction in full if Tehran was hit by a US strike and kidnapped those parties along with America and its allies
Khatib is seductive: Job degrees were provided to the owners of the Ministry of Electricity
11/07/2019 01:31 AM | Number of readings:
Khatib is seductive: Job degrees were provided to the owners of the Ministry of Electricity
Khatib is seductive: Job degrees were provided to the owners of the Ministry of Electricity
Al Ahd News - Follow-up
Minister of Electricity Luay al-Khatib announced on Wednesday the provision of degrees of employment to the owners of the Ministry of Electricity.
Al-Khatib said in a tweet on Twitter that "256 jobs were provided to the permanent owners in all technical and administrative specialties."
He called on "those wishing to work in the ministry's formations to compete for these opportunities and submit their CV directly through the portal to the evaluation committee." is over/ 6
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It pays to move abroad—especially if you’re under 35
If you're working in an economy that is doing well overall, you might be rewarded for staying in your job with decent pay rises over time. That's been the case for US workers recently: a tight labor market pushed average hourly wages up by 3.1% in the year to June, versus a rise of 2%...
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These are the best and worst US states to start a business
Location is an important factor when it comes to opening a new business, and which state entrepreneurs choose to start a new venture can have a major impact.
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10 Things to Know for Today
Among 10 Things to Know for Today: Conflict between Pelosi and Ocasio-Cortez threatens Democrats' unity; Virginia key election battleground in gun control debate; Sturgeon showing signs of recovery in the dark corners of U.S. waterways.
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PRECIOUS-Gold slips to one-week low on dollar rally, focus on Fed
* Fed Chairman's two-day testimony starts on Wednesday
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Gold slips below $1,400 an ounce as investors await Fed’s Powell
Gold futures retreat ahead of remarks by Federal Reserve Chairman Jerome Powell that could offer clues about the prospects for interest-rate cuts.
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Gold: Weekly Double Top Activated
The gold market closing below the average price has activated a weekly bearish trend momentum.By closing below $1409, the market activated the buy (B1) level of 1376 to the buy 2 (B2) level of 1353.The close below $1409 as of today has activated the B1 level of $1376 as the first target and the second target of $1353 to go long the market.
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Gold And Inflation Expectations
Gold tends to perform well relative to commodities in general when inflation expectations are falling.The declining confidence sometimes will go hand-in-hand with rapid "price inflation."Our view is that the next three months could be dicey, especially if there's another sharp decline in the stock market.
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Don't Count Out Commodities
Despite a strong dollar, many commodities have upside potential.Supply crunches and special situations exist now for metals and grains.Internal momentum for broad commodities market is also a positive.
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U.S. oil seen up for fourth straight gain
U.S. oil futures seen heading for a fourth straight advance in Tuesday trading, as broader financial markets awaited appearances this week by Federal Reserve Chairman Jerome Powell and any hints on the likelihood of an interest-rate cut later this month.
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Oil Prices Rise on U.S. Crude Inventories Data
Forex Jul 10, 2019 05:21 GMT Investing.com - Oil prices rose on Wednesday in Asia after data showed U.S. crude inventories fell for a fourth straight week. U.S. Crude Oil WTI Futures were up 1.4% to $58.63 by 1:20 AM ET (05:20 GMT). International Brent Oil Futures gained 1.0% to $64.81. Crude inventories fell by 8.1 million barrels in the week to July 5 to 461.4 million, compared with analyst expectations for a decrease of 3.1 million barrels, according to data from industry group the American
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UPDATE 1-South African central bank stresses importance of independence(Adds Naidoo comments, context)
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Japan's top two regional banks consider tie-upBank of Yokohama and Chiba Bank Ltd <8331.T> are considering a business tie-up, the banks said on Tuesday, after the Nikkei newspaper reported that the two regional lenders would form a comprehensive partnership.
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Chinese banks may not have enough capital to lend economy out of slowdown, says FitchChinese banks do not have adequate capital to support the sort of large-scale lending that could bolster economic growth in the world’s second-largest economy, Fitch Ratings has said. The global credit rating agency has predicted China’s economy to slow…
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The Recent Fed And ECB Decisions, And What Does It Mean For Bank Of CanadaThe recent decisions of the world’s central banks can create challenges for the Canadian economy.The economic conditions in Canada differ from those in the U.S. and the E.U.The inflation may reach the Bank of Canada target this year again, but the situation might be different this time.
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Opinion: Answers to your questions about Roth conversions
Pay attention to recent tax code changes.
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The Dow Is Dropping Because It’s Still All About China and the Fed
The market is looking for signs that the Federal Reserve still plans to cut rates in July, while China said a U.S. sales of arms to Taiwan would violate international law.
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Treasury yields climb in anticipation of debt auction
Treasury prices fall Tuesday, pushing yields higher, as anticipation for an auction for short-dated notes weigh on trading for U.S. government paper.
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Investors are on the hunt for yield — here's where they're putting their money
Buyers are flocking to fixed-income exchange-traded funds, but not because they're seeking safety, says Jay Jacobs, senior vice president and head of research and strategy at Global X Funds.
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Markets are calm, then suddenly go crazy. Some investors think they know why.
Investors have noticed a force some call a “gamma trap,” and have been devising tools to estimate its size and direction in order to predict how markets will move and to trade around it.
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21 Things I've Learned as an Investor Over 21 Years
The learning never stops.
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Top 5 Things to Know in the Market on Wednesday
Economy Jul 10, 2019 09:53 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, July 9: 1. Fed chief to signal policy outlook? Federal Reserve Chairman Jerome Powell will be the focus of attention as he delivers his semiannual monetary policy report to Congress at 10:00 AM ET (14:00 GMT) Tuesday. The testimony will allow Powell the opportunity to express his outlook on the future path of interest rates with less than three weeks to go before the
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Day Ahead: Top 3 Things to Watch
Stock Markets Jul 09, 2019 19:04 GMT Investing.com - Here are the top 3 things that could rock markets tomorrow. Powell Takes the Stand, Fed Minutes Federal Reserve Jerome Powell is set to get his two-day testimony on Capitol Hill underway on Wednesday at 10:00 am ET. Powell’s semiannual monetary policy report to the House Financial Services Committee will be closely watched to see whether the Fed chairman will attempt to rein in expectations for aggressive Fed easing following the better-than-
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Ripple will soon need to find a way to distance itself from 'Ripple Token,' claims Tone Vays
Tone Vays is a derivatives trader and popular YouTuber known for his technical analysis of Bitcoin and his strong opinion about other cryptocurrencies, including XRP and the company Ripple. Speaking about Bitcoin to BloxLiveTv, Vays said that he was waiting for a 30-40% correction and the price of Bitcoin to fall to the $4,000-level. This correction...
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Bitcoin pumps by 11% and breaches key resistance; is $13,000 next to fall?
Bitcoin bulls continued to scale greater heights after the king coin's valuation neared the $13k mark after breaking a key resistance at $12,061. The recent high drove the crypto-market to a collective market cap of $352 billion, with Bitcoin holding a dominance of 64% in the market. From trading at a low of $3,736 to the...
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Over 20 million addresses now carry more than $1 worth of Bitcoin as unique address numbers pump
Over the past couple of years, Bitcoin, the world's largest cryptocurrency, has picked up pace in terms of popularity and adoption rates. The surge in the aforementioned metrics has been contributed to by not just the rising number of people getting into crypto, but also mainstream institutions making their debut in the space. It crossed...
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Crypto Industry in Numbers: How Does Q2 2019 Compare to the Past
By Kirill Bryanov | Jul 09, 2019 | 09:55 AM For crypto markets, the second quarter of this year has been the best three-month sequence since the bear turn of early 2018 put a brutal end to the dreams that the explosive growth of coin prices was to go on forever. Market capitalization ballooned from $144 billion on the last day of March to $339 billion on the last day of June, while bitcoin (BTC) caught both cryptocurrency aficionados and skeptics off guard by pulling off a spectacular rally from
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Korea’s LG Launches Blockchain Supply Chain Platform For School Lunches
By Marie Huillet | Jul 09, 2019 | 08:58 AM LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9. The new system — created in collaboration with local IT service provider SayIT — will be based on LG’s proprietary blockchain platform, “Monachain,” which first launched in May 2018. In cooperation with regional governments, the
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Trump hopes to escalate a tariff war — with a currency war
President Donald Trump wants a weaker dollar, but there are questions as to how he could devalue the nation's currency and whether or not the Fed would be willing to help out.
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No Turnaround Tuesday, As Equities Extend Losses And The Greenback Remains Firm
Contrary to some reports, Japan and South Korea are not engaged in a trade war.What is generally not appreciated is that the Federal Reserve's real broad trade-weighted dollar index fell almost 0.9% in H1 19.Canada reports housing starts and permits figures, which are overshadowed by the Bank of Canada meeting tomorrow.
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BitPanda Global Exchange confirms addition of XRP/EUR trading pair to new platform
BitPanda, a popular Viennese exchange, recently launched BitPanda Global Exchange for institutional and seasoned traders. BitPanda GE confirmed the addition of the XRP/EUR trading pair on the platform among others which include, BTC, ETH, and MIOTA,which are all base paired with EUR and USDT. The exchange tweeted, https://twitter.com/
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Pound hits six-month low as economic gloom deepens
The pound has slipped to a fresh six-month low against the dollar as sustained worries over Brexit and the UK economy weigh on the currency.
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South Africa: Rand Is Trading On a Knife's Edge So Expect the Unexpected
Predicting where the rand is likely to be in the future has always been a mugs game. But with local and international economic conditions on a knife's edge and Trump accusing Europe and China of currency manipulation, it's that much more difficult. A muddle-through global economic scenario would be the currency's best bet. It has never been easy to predict where the rand is headed but now it feels an even riskier forecast to make. Last week the SA currency managed to break below R14 to the
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In a Trumpian world, Japan may have little choice but to accept a stronger yen
Policymakers in Japan won’t welcome the prospect, but currency markets may be on the cusp of delivering a materially stronger Japanese yen. While such a move would only further complicate Japan’s efforts to kindle inflation, there’s precious little that…
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Hundreds of hospice centers in U.S. get failing gradesOver 80 percent of hospice facilities in the U.S. had at least one deficiency, and most of those had multiple deficiencies.
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Judge rules against Trump on drug pricing disclosuresA federal judge on Monday sided with a coalition of drug companies and blocked the Trump administration from implementing a policy that would require prescription drug manufacturers to disclose list prices in TV ads.
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Obamacare in jeopardy as appeals court hears case backed by Trump
Millions could lose health coverage if a lower-court ruling striking down the law is upheld.
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It Actually Isn't Normal to Need More Than 7 to 9 Hours of Sleep, but There Are a Few ExceptionsYou should feel rested after clocking roughly eight hours of sleep. More accurately, "the National Sleep Foundation recommends seven to nine hours a night, and that's usually what I give my patients as a guide," Daniel A. Barone, MD, a neurologist at New York-Presbyterian and Weill Cornell Medicine ...
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Not everyone uses a toothbrush to clean their teeth -- here's what science says about the alternativesMost people use toothbrushes, toothpaste and dental floss to clean their teeth, but their use is by no means universal.
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Feeling old? Unhealthy? This small activity will add years to your lifeThe effects held even for the subject who ate an unhealthy diet or had experienced a health condition such as high blood pressure.
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U.S. consumer inflation outlook rises for first time in three months: NY Fed survey
U.S. consumers in June lifted their inflation expectations for the first time in three months, New York Fed data showed on Monday, reducing pressure on central bankers to cut rates significantly to support economic momentum.
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US, China seek to restart trade negotiationsTalks by phone this week could lead to face-to-face discussions.
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Forget about waiting out the Donald Trump era for a more cordial US president, former top American diplomat warns ChinaA former top US diplomat warned China on Monday not to believe it can wait out the Trump administration to get a better trade deal from a friendlier US president, saying Beijing has misjudged the importance of politics in China policymaking in the United…
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Some emerging market currencies are looking appealing, analysts sayInvestors should be looking to buy emerging market currencies against the U.S. dollar, two analysts told CNBC.
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U.S. Futures, Europe Stocks Slide; Treasuries Dip: Markets WrapGet caught up on what’s moving markets right now.
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The 5 Triggers Of The USDThe value of the US dollar might be more important than the trade war.Emerging markets are negatively impacted by a stronger dollar.If China devalues their currency, the U.S. will be in a world of hurt.Bonds are impacted more than equities from a stronger dollar.The outlook for the dollar is bullish for the current macroenvironment.
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Reasons For Second-Half Optimism With Emerging Markets (NYSE:IEMG)The iShares Core MSCI Emerging Markets ETF (NYSE: IEMG), one of the largest and most cost-effective emerging markets exchange traded funds, is up 10.70% year to date and that's even with a host of second-quarter struggles at the hands of rising trade tensions between the U.S. and China. What To Know When it comes to trade, the good news is that the U.S. and China have at least agreed to talk. Of course, the risk is that the talks will not produce substantial results and the White House could be
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The Huge Gap Between U.S. Markets And International TradeDuring the past years, advanced economies have sustained a semblance of stability by relying on historically ultra-low interest rates and massive injections of quantitative easing.The Baltic Dry Index has been used as a barometer of international commodity trade. Recently, there has been much optimism about the "resurgence" of the Index as the trade truce has supported its rise back to over 1,700.The current gap between US market highs and international economic realities is precipitating a
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U.S.-Iran tension has implications for Canadian troops in Iraq: analysts
Analysts say the escalating tensions in the Persian Gulf between Iran and the United States have implications for the safety of Canadian troops in Iraq.
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Iraq says major anti-IS operation along Syrian border 'successful'
Iraq says major anti-IS operation along Syrian border 'successful'
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Macron's top adviser in Tehran in bid to save nuclear deal
French President Emmanuel Macron's top diplomatic adviser is spending two days in Tehran as part of an urgent bid to deescalate rising tensions with Iran over its unraveling nuclear deal with world powers
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Britain's seizure of Iranian oil tanker won't go 'unanswered,' officer says
A top Iranian military official on Tuesday said that Britain's seizure of an Iranian oil tanker last week "based on fabricated excuses" will not be "unanswered," reports said.
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EU calls on Iran to reverse uranium enrichment and uphold nuclear deal
The European Union on Tuesday urged Iran to reverse its scaled up uranium enrichment that breaches a nuclear arms control deal it agreed in 2015.
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Israel’s illegal separation wall ‘imprisons’ Palestinians
Fifteen years ago, the International Court of Justice deemed the Israeli separation wall in occupied Palestinian territory as illegal under international law. The court issued a non-binding advisory opinion in 2004. It said construction must stop and Israel should make reparations for any damage caused. The court recognised that Israel faced acts of violence against its civilians, but said the Israeli government violated its obligations under international law. Israel says it built the wall to
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Namibian Farmers Live in Fear of the Future of the Agricultural SectorCompetent and seasoned Namibian farmers do not foresee increased participation by Namibian youth in agricultural activities. On the contrary, they live in fear of the future of agriculture in the country, a Farmers Forum survey has revealed. Prominent farmers aired their voices during the survey after deputy agricultural minister Anna Shiweda recently said the low key participation of young Namibians in agriculture threatens the future of the sector. They all agree with Shiweda that the sector -
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Africa: Namibia Becomes African Diamond Association ChairNamibia this morning assumed the chairmanship of the Association of African Diamond Producing Countries (ADPA). Mines and energy minister Tom Alweendo accepted the chairmanship on behalf the country, taking over from Guinea. Speaking at the Diamond Producing Countries (ADPA) 6th meeting of ministers in Windhoek today, Alweendo said there is a need to ensure that the association is still fulfilling it's objectives as outlined in 2006 when it was formed. He added that African countries have the
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Mozambique: Portugal announces new reconstruction planPortugal has pledged to the most affected areas in Mozambique hit by Cyclone Idai and Kenneth. Cyclone Idai and Kenneth, which battered Southern Africa in March, killed more than 650 people in Mozambique alone. More than 1.3 million people need emergency food assistance after the tragedy. Portuguese Prime Minister, Antonio Costa who met Mozambican President,...
Read in FurtherAfrica: https://apple.news/
Air Zimbabwe and Botswana MackAir sign routes dealNational flag carrier, Air Zimbabwe, has signed a partnership deal with Botswana-based Mack Air that will see the two airlines jointly operating routes from Harare and Victoria Falls to major tourists destinations. The deal will also see the two operating daily regional scheduled air services between Zimbabwe, Botswana, South Africa and Mozambique. In a joint...
Read in FurtherAfrica: https://apple.news/
UPDATE 2-Zimbabwe poised to raise public workers pay again(Adds detail, background)
Read in Reuters: https://apple.news/Ai7gf8O4DT-
Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footingTwo of Hong Kong’s biggest commercial banks have cut their valuation of pre-owned homes in several housing estates in anticipation of declining prices, after the city was rocked over the past month by a record number of street protests. HSBC and Bank of…
Read in South China Morning Post: https://apple.news/
One country is winning the trade war. It’s not the US or ChinaDonald Trump says “trade wars are good and easy to win.” Conversely, orthodox economists like to say that in trade wars, there are no winners. Strictly speaking, neither view is correct; things aren’t that simple. The agreement between Trump and Xi…
Read in South China Morning Post: https://apple.news/AvAar-
Could trade war be China’s golden opportunity to transform economy and society?A former Japanese prime minister has urged China to draw on his own country’s experience and use the trade war as an opportunity to transform its economy and society. Yasuo Fukuda, who served as Japan’s leader from 2007 to 2008, said there were clear…
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Beijing demands US halt biggest arms sale to Taiwan of Donald Trump’s presidencyBeijing has demanded the United States reverse its approval of the biggest arms sale to Taiwan since Donald Trump took over as US president, while Taipei said it showed Washington’s support in the face of growing military threats from mainland China. The…
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China taps into global expertise in climate change battle against increasing floods and droughtWith droughts and floods occurring with increasing frequency in Chinese cities, Beijing has been taking active steps to tap foreign expertise in tackling climate change, most recently with the launch of the first regional office of the Dutch Global Centre…
Read in South China Morning Post: https://apple.news/
What bond markets tell us on China’s economyMacro data doesn't provide a comprehensive picture to investors, but bond issuance data can fill in some gaps
Read in Asia Times: https://apple.news/
UPDATE 1-Italy cashes in on improved market confidence to sell more 50-year debt
(Retops with orders, updates terms, adds comment)
Read in Reuters: https://apple.news/AU7iidDj_
Euro zone tries to revive pooled debt plan, ending risk-free gov't bonds
* Centeno proposes working group on debt treatment
Read in Reuters: https://apple.news/
Brexit: Furious Tory insider accuses Theresa May of letting parliament lay ‘elephant traps’ for Boris Johnson
A government insider has accused Downing Street of allowing the creation of “elephant traps” for the next prime minister on Brexit.
Read in The Independent: https://apple.news/A4E_dat-
Boris's allies say he will 'play chicken' with Remainer MPs and the EU
Allies of Boris Johnson told MailOnline he will not be put off by a burgeoning Brexit mutiny, and will dare Tory Remainers to bring the government down.
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German diplomat tells U.S., EU: don't use agriculture to block trade deal
The United States and European Union should use common sense to move forward with formal negotiations about a trade agreement, instead of allowing disagreements over agriculture to block progress, a senior German diplomat told Reuters.
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EU to consider age limits when choosing IMF candidate: Finland finance minister
European Union states will take into account age limits when they decide on their candidate to succeed Christine Lagarde at the helm of the International Monetary Fund, Finland's Finance Minister Mika Lintila told a news conference on Tuesday.
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EU states to grow this year and next, but risks rising: Dombrovskis
The European Commission member in charge of the euro, Valdis Dombrovskis, said on Tuesday that Brussels forecasts all EU economies will grow this year and next, but risks are rising.
Read in Reuters: https://apple.news/
The challenge ahead: a safer and more dynamic Europe • Social Europe
In the latest in our ‘Europe2025’ series, Gustav Horn focuses on macroeconomic institutional reforms for crisis-proofing and a programme of investment to engender vital public goods. Gustav Horn After the European Parliament elections, it is time to decide how the European Union will meet the challenges of the near future. If the EU is to survive in the long term, it can only be via deepening European relations. The priority to which member states and the European Parliament, in particular,
Read in Social Europe: https://apple.news/
Remains to be seen whether the EU will have a strong leader, expert says
Karel Lannoo, CEO of the Center of European Policy Studies, outlines why the nominations for the EU's top jobs matter.
Read in CNBC: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
Today in History
Read in ABC News: https://apple.news/
It pays to move abroad—especially if you’re under 35
If you're working in an economy that is doing well overall, you might be rewarded for staying in your job with decent pay rises over time. That's been the case for US workers recently: a tight labor market pushed average hourly wages up by 3.1% in the year to June, versus a rise of 2%...
Read in Quartz: https://apple.news/AHEgrDTETQ-
These are the best and worst US states to start a business
Location is an important factor when it comes to opening a new business, and which state entrepreneurs choose to start a new venture can have a major impact.
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10 Things to Know for Today
Among 10 Things to Know for Today: Conflict between Pelosi and Ocasio-Cortez threatens Democrats' unity; Virginia key election battleground in gun control debate; Sturgeon showing signs of recovery in the dark corners of U.S. waterways.
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OIL/COMMODITIES/ENERGY
PRECIOUS-Gold slips to one-week low on dollar rally, focus on Fed
* Fed Chairman's two-day testimony starts on Wednesday
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Gold slips below $1,400 an ounce as investors await Fed’s Powell
Gold futures retreat ahead of remarks by Federal Reserve Chairman Jerome Powell that could offer clues about the prospects for interest-rate cuts.
Read in MarketWatch: https://apple.news/
Gold: Weekly Double Top Activated
The gold market closing below the average price has activated a weekly bearish trend momentum.By closing below $1409, the market activated the buy (B1) level of 1376 to the buy 2 (B2) level of 1353.The close below $1409 as of today has activated the B1 level of $1376 as the first target and the second target of $1353 to go long the market.
Read in Seeking Alpha: https://apple.news/
Gold And Inflation Expectations
Gold tends to perform well relative to commodities in general when inflation expectations are falling.The declining confidence sometimes will go hand-in-hand with rapid "price inflation."Our view is that the next three months could be dicey, especially if there's another sharp decline in the stock market.
Read in Seeking Alpha: https://apple.news/AnWf1SCqjT-
Don't Count Out Commodities
Despite a strong dollar, many commodities have upside potential.Supply crunches and special situations exist now for metals and grains.Internal momentum for broad commodities market is also a positive.
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U.S. oil seen up for fourth straight gain
U.S. oil futures seen heading for a fourth straight advance in Tuesday trading, as broader financial markets awaited appearances this week by Federal Reserve Chairman Jerome Powell and any hints on the likelihood of an interest-rate cut later this month.
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Oil Prices Rise on U.S. Crude Inventories Data
Forex Jul 10, 2019 05:21 GMT Investing.com - Oil prices rose on Wednesday in Asia after data showed U.S. crude inventories fell for a fourth straight week. U.S. Crude Oil WTI Futures were up 1.4% to $58.63 by 1:20 AM ET (05:20 GMT). International Brent Oil Futures gained 1.0% to $64.81. Crude inventories fell by 8.1 million barrels in the week to July 5 to 461.4 million, compared with analyst expectations for a decrease of 3.1 million barrels, according to data from industry group the American
Read in Investing.com: https://apple.news/AGB63Y-
BANKS/BANKING/CREDIT
UPDATE 1-South African central bank stresses importance of independence(Adds Naidoo comments, context)
Read in Reuters: https://apple.news/
Japan's top two regional banks consider tie-upBank of Yokohama and Chiba Bank Ltd <8331.T> are considering a business tie-up, the banks said on Tuesday, after the Nikkei newspaper reported that the two regional lenders would form a comprehensive partnership.
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Chinese banks may not have enough capital to lend economy out of slowdown, says FitchChinese banks do not have adequate capital to support the sort of large-scale lending that could bolster economic growth in the world’s second-largest economy, Fitch Ratings has said. The global credit rating agency has predicted China’s economy to slow…
Read in South China Morning Post: https://apple.news/
The Recent Fed And ECB Decisions, And What Does It Mean For Bank Of CanadaThe recent decisions of the world’s central banks can create challenges for the Canadian economy.The economic conditions in Canada differ from those in the U.S. and the E.U.The inflation may reach the Bank of Canada target this year again, but the situation might be different this time.
Read in Seeking Alpha: https://apple.news/A_
Opinion: Answers to your questions about Roth conversions
Pay attention to recent tax code changes.
Read in MarketWatch: https://apple.news/AH_-
TREASURIES/BONDS/STOCKS
The Dow Is Dropping Because It’s Still All About China and the Fed
The market is looking for signs that the Federal Reserve still plans to cut rates in July, while China said a U.S. sales of arms to Taiwan would violate international law.
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Treasury yields climb in anticipation of debt auction
Treasury prices fall Tuesday, pushing yields higher, as anticipation for an auction for short-dated notes weigh on trading for U.S. government paper.
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Investors are on the hunt for yield — here's where they're putting their money
Buyers are flocking to fixed-income exchange-traded funds, but not because they're seeking safety, says Jay Jacobs, senior vice president and head of research and strategy at Global X Funds.
Read in CNBC: https://apple.news/
Markets are calm, then suddenly go crazy. Some investors think they know why.
Investors have noticed a force some call a “gamma trap,” and have been devising tools to estimate its size and direction in order to predict how markets will move and to trade around it.
Read in The Wall Street Journal: https://apple.news/
21 Things I've Learned as an Investor Over 21 Years
The learning never stops.
Read in The Motley Fool: https://apple.news/
Top 5 Things to Know in the Market on Wednesday
Economy Jul 10, 2019 09:53 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, July 9: 1. Fed chief to signal policy outlook? Federal Reserve Chairman Jerome Powell will be the focus of attention as he delivers his semiannual monetary policy report to Congress at 10:00 AM ET (14:00 GMT) Tuesday. The testimony will allow Powell the opportunity to express his outlook on the future path of interest rates with less than three weeks to go before the
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Day Ahead: Top 3 Things to Watch
Stock Markets Jul 09, 2019 19:04 GMT Investing.com - Here are the top 3 things that could rock markets tomorrow. Powell Takes the Stand, Fed Minutes Federal Reserve Jerome Powell is set to get his two-day testimony on Capitol Hill underway on Wednesday at 10:00 am ET. Powell’s semiannual monetary policy report to the House Financial Services Committee will be closely watched to see whether the Fed chairman will attempt to rein in expectations for aggressive Fed easing following the better-than-
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CRYPTO'S / DIGITAL CURRENCY
Ripple will soon need to find a way to distance itself from 'Ripple Token,' claims Tone Vays
Tone Vays is a derivatives trader and popular YouTuber known for his technical analysis of Bitcoin and his strong opinion about other cryptocurrencies, including XRP and the company Ripple. Speaking about Bitcoin to BloxLiveTv, Vays said that he was waiting for a 30-40% correction and the price of Bitcoin to fall to the $4,000-level. This correction...
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Bitcoin pumps by 11% and breaches key resistance; is $13,000 next to fall?
Bitcoin bulls continued to scale greater heights after the king coin's valuation neared the $13k mark after breaking a key resistance at $12,061. The recent high drove the crypto-market to a collective market cap of $352 billion, with Bitcoin holding a dominance of 64% in the market. From trading at a low of $3,736 to the...
Read in AMBCrypto: https://apple.news/
Over 20 million addresses now carry more than $1 worth of Bitcoin as unique address numbers pump
Over the past couple of years, Bitcoin, the world's largest cryptocurrency, has picked up pace in terms of popularity and adoption rates. The surge in the aforementioned metrics has been contributed to by not just the rising number of people getting into crypto, but also mainstream institutions making their debut in the space. It crossed...
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Crypto Industry in Numbers: How Does Q2 2019 Compare to the Past
By Kirill Bryanov | Jul 09, 2019 | 09:55 AM For crypto markets, the second quarter of this year has been the best three-month sequence since the bear turn of early 2018 put a brutal end to the dreams that the explosive growth of coin prices was to go on forever. Market capitalization ballooned from $144 billion on the last day of March to $339 billion on the last day of June, while bitcoin (BTC) caught both cryptocurrency aficionados and skeptics off guard by pulling off a spectacular rally from
Read in Cointelegraph: https://apple.news/
Korea’s LG Launches Blockchain Supply Chain Platform For School Lunches
By Marie Huillet | Jul 09, 2019 | 08:58 AM LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9. The new system — created in collaboration with local IT service provider SayIT — will be based on LG’s proprietary blockchain platform, “Monachain,” which first launched in May 2018. In cooperation with regional governments, the
Read in Cointelegraph: https://apple.news/At4B5e_
CURRENCIES
Trump hopes to escalate a tariff war — with a currency war
President Donald Trump wants a weaker dollar, but there are questions as to how he could devalue the nation's currency and whether or not the Fed would be willing to help out.
Read in Yahoo Finance: https://apple.news/A2yXOxV-
No Turnaround Tuesday, As Equities Extend Losses And The Greenback Remains Firm
Contrary to some reports, Japan and South Korea are not engaged in a trade war.What is generally not appreciated is that the Federal Reserve's real broad trade-weighted dollar index fell almost 0.9% in H1 19.Canada reports housing starts and permits figures, which are overshadowed by the Bank of Canada meeting tomorrow.
Read in Seeking Alpha: https://apple.news/
Forex - Dollar Flat Ahead of Powell; Sterling Hits 2-Year Low
Forex Jul 10, 2019 07:59 GMT Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress. Powell is due to start his testimony at 10:00 AM ET (14:00 GMT), against a backdrop of elevated uncertainty over the path of interest rates for the rest of the year. The market has scaled
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Forex Jul 10, 2019 07:59 GMT Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress. Powell is due to start his testimony at 10:00 AM ET (14:00 GMT), against a backdrop of elevated uncertainty over the path of interest rates for the rest of the year. The market has scaled
Read in Investing.com: https://apple.news/A-
BitPanda Global Exchange confirms addition of XRP/EUR trading pair to new platform
BitPanda, a popular Viennese exchange, recently launched BitPanda Global Exchange for institutional and seasoned traders. BitPanda GE confirmed the addition of the XRP/EUR trading pair on the platform among others which include, BTC, ETH, and MIOTA,which are all base paired with EUR and USDT. The exchange tweeted, https://twitter.com/
Read in AMBCrypto: https://apple.news/
Pound hits six-month low as economic gloom deepens
The pound has slipped to a fresh six-month low against the dollar as sustained worries over Brexit and the UK economy weigh on the currency.
Read in Sky News: https://apple.news/
South Africa: Rand Is Trading On a Knife's Edge So Expect the Unexpected
Predicting where the rand is likely to be in the future has always been a mugs game. But with local and international economic conditions on a knife's edge and Trump accusing Europe and China of currency manipulation, it's that much more difficult. A muddle-through global economic scenario would be the currency's best bet. It has never been easy to predict where the rand is headed but now it feels an even riskier forecast to make. Last week the SA currency managed to break below R14 to the
Read in AllAfrica: https://apple.news/
In a Trumpian world, Japan may have little choice but to accept a stronger yen
Policymakers in Japan won’t welcome the prospect, but currency markets may be on the cusp of delivering a materially stronger Japanese yen. While such a move would only further complicate Japan’s efforts to kindle inflation, there’s precious little that…
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HEALTH / SCIENCE
Hundreds of hospice centers in U.S. get failing gradesOver 80 percent of hospice facilities in the U.S. had at least one deficiency, and most of those had multiple deficiencies.
Read in NBC News: https://apple.news/APhxwgiABR_
Judge rules against Trump on drug pricing disclosuresA federal judge on Monday sided with a coalition of drug companies and blocked the Trump administration from implementing a policy that would require prescription drug manufacturers to disclose list prices in TV ads.
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Obamacare in jeopardy as appeals court hears case backed by Trump
Millions could lose health coverage if a lower-court ruling striking down the law is upheld.
Read in The New York Times: https://apple.news/
It Actually Isn't Normal to Need More Than 7 to 9 Hours of Sleep, but There Are a Few ExceptionsYou should feel rested after clocking roughly eight hours of sleep. More accurately, "the National Sleep Foundation recommends seven to nine hours a night, and that's usually what I give my patients as a guide," Daniel A. Barone, MD, a neurologist at New York-Presbyterian and Weill Cornell Medicine ...
Read in POPSUGAR: https://apple.news/AMs8ul3k-
Not everyone uses a toothbrush to clean their teeth -- here's what science says about the alternativesMost people use toothbrushes, toothpaste and dental floss to clean their teeth, but their use is by no means universal.
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Feeling old? Unhealthy? This small activity will add years to your lifeThe effects held even for the subject who ate an unhealthy diet or had experienced a health condition such as high blood pressure.
Read in Ladders: https://apple.news/
USA / CANADA
U.S. consumer inflation outlook rises for first time in three months: NY Fed survey
U.S. consumers in June lifted their inflation expectations for the first time in three months, New York Fed data showed on Monday, reducing pressure on central bankers to cut rates significantly to support economic momentum.
Read in Reuters: https://apple.news/
US, China seek to restart trade negotiationsTalks by phone this week could lead to face-to-face discussions.
Read in Fox News: https://apple.news/
Forget about waiting out the Donald Trump era for a more cordial US president, former top American diplomat warns ChinaA former top US diplomat warned China on Monday not to believe it can wait out the Trump administration to get a better trade deal from a friendlier US president, saying Beijing has misjudged the importance of politics in China policymaking in the United…
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EMERGING MARKETS
Some emerging market currencies are looking appealing, analysts sayInvestors should be looking to buy emerging market currencies against the U.S. dollar, two analysts told CNBC.
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U.S. Futures, Europe Stocks Slide; Treasuries Dip: Markets WrapGet caught up on what’s moving markets right now.
Read in Bloomberg: https://apple.news/
The 5 Triggers Of The USDThe value of the US dollar might be more important than the trade war.Emerging markets are negatively impacted by a stronger dollar.If China devalues their currency, the U.S. will be in a world of hurt.Bonds are impacted more than equities from a stronger dollar.The outlook for the dollar is bullish for the current macroenvironment.
Read in Seeking Alpha: https://apple.news/
Reasons For Second-Half Optimism With Emerging Markets (NYSE:IEMG)The iShares Core MSCI Emerging Markets ETF (NYSE: IEMG), one of the largest and most cost-effective emerging markets exchange traded funds, is up 10.70% year to date and that's even with a host of second-quarter struggles at the hands of rising trade tensions between the U.S. and China. What To Know When it comes to trade, the good news is that the U.S. and China have at least agreed to talk. Of course, the risk is that the talks will not produce substantial results and the White House could be
Read in Benzinga: https://apple.news/
The Huge Gap Between U.S. Markets And International TradeDuring the past years, advanced economies have sustained a semblance of stability by relying on historically ultra-low interest rates and massive injections of quantitative easing.The Baltic Dry Index has been used as a barometer of international commodity trade. Recently, there has been much optimism about the "resurgence" of the Index as the trade truce has supported its rise back to over 1,700.The current gap between US market highs and international economic realities is precipitating a
Read in Seeking Alpha: https://apple.news/
MIDDLE EAST
U.S.-Iran tension has implications for Canadian troops in Iraq: analysts
Analysts say the escalating tensions in the Persian Gulf between Iran and the United States have implications for the safety of Canadian troops in Iraq.
Read in CityNews 1130 Vancouver: https://apple.news/
Iraq says major anti-IS operation along Syrian border 'successful'
Iraq says major anti-IS operation along Syrian border 'successful'
Read in The New Arab: https://apple.news/
Macron's top adviser in Tehran in bid to save nuclear deal
French President Emmanuel Macron's top diplomatic adviser is spending two days in Tehran as part of an urgent bid to deescalate rising tensions with Iran over its unraveling nuclear deal with world powers
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Britain's seizure of Iranian oil tanker won't go 'unanswered,' officer says
A top Iranian military official on Tuesday said that Britain's seizure of an Iranian oil tanker last week "based on fabricated excuses" will not be "unanswered," reports said.
Read in Fox News: https://apple.news/
EU calls on Iran to reverse uranium enrichment and uphold nuclear deal
The European Union on Tuesday urged Iran to reverse its scaled up uranium enrichment that breaches a nuclear arms control deal it agreed in 2015.
Read in Reuters: https://apple.news/
Israel’s illegal separation wall ‘imprisons’ Palestinians
Fifteen years ago, the International Court of Justice deemed the Israeli separation wall in occupied Palestinian territory as illegal under international law. The court issued a non-binding advisory opinion in 2004. It said construction must stop and Israel should make reparations for any damage caused. The court recognised that Israel faced acts of violence against its civilians, but said the Israeli government violated its obligations under international law. Israel says it built the wall to
Read in Aljazeera: https://apple.news/
AFRICA
Namibian Farmers Live in Fear of the Future of the Agricultural SectorCompetent and seasoned Namibian farmers do not foresee increased participation by Namibian youth in agricultural activities. On the contrary, they live in fear of the future of agriculture in the country, a Farmers Forum survey has revealed. Prominent farmers aired their voices during the survey after deputy agricultural minister Anna Shiweda recently said the low key participation of young Namibians in agriculture threatens the future of the sector. They all agree with Shiweda that the sector -
Read in AllAfrica: https://apple.news/
Africa: Namibia Becomes African Diamond Association ChairNamibia this morning assumed the chairmanship of the Association of African Diamond Producing Countries (ADPA). Mines and energy minister Tom Alweendo accepted the chairmanship on behalf the country, taking over from Guinea. Speaking at the Diamond Producing Countries (ADPA) 6th meeting of ministers in Windhoek today, Alweendo said there is a need to ensure that the association is still fulfilling it's objectives as outlined in 2006 when it was formed. He added that African countries have the
Read in AllAfrica: https://apple.news/
Mozambique: Portugal announces new reconstruction planPortugal has pledged to the most affected areas in Mozambique hit by Cyclone Idai and Kenneth. Cyclone Idai and Kenneth, which battered Southern Africa in March, killed more than 650 people in Mozambique alone. More than 1.3 million people need emergency food assistance after the tragedy. Portuguese Prime Minister, Antonio Costa who met Mozambican President,...
Read in FurtherAfrica: https://apple.news/
Air Zimbabwe and Botswana MackAir sign routes dealNational flag carrier, Air Zimbabwe, has signed a partnership deal with Botswana-based Mack Air that will see the two airlines jointly operating routes from Harare and Victoria Falls to major tourists destinations. The deal will also see the two operating daily regional scheduled air services between Zimbabwe, Botswana, South Africa and Mozambique. In a joint...
Read in FurtherAfrica: https://apple.news/
UPDATE 2-Zimbabwe poised to raise public workers pay again(Adds detail, background)
Read in Reuters: https://apple.news/Ai7gf8O4DT-
ASIA
Two Hong Kong banks cut valuation of used homes as civic unrest threatens to knock property bull run off its footingTwo of Hong Kong’s biggest commercial banks have cut their valuation of pre-owned homes in several housing estates in anticipation of declining prices, after the city was rocked over the past month by a record number of street protests. HSBC and Bank of…
Read in South China Morning Post: https://apple.news/
One country is winning the trade war. It’s not the US or ChinaDonald Trump says “trade wars are good and easy to win.” Conversely, orthodox economists like to say that in trade wars, there are no winners. Strictly speaking, neither view is correct; things aren’t that simple. The agreement between Trump and Xi…
Read in South China Morning Post: https://apple.news/AvAar-
Could trade war be China’s golden opportunity to transform economy and society?A former Japanese prime minister has urged China to draw on his own country’s experience and use the trade war as an opportunity to transform its economy and society. Yasuo Fukuda, who served as Japan’s leader from 2007 to 2008, said there were clear…
Read in South China Morning Post: https://apple.news/
Beijing demands US halt biggest arms sale to Taiwan of Donald Trump’s presidencyBeijing has demanded the United States reverse its approval of the biggest arms sale to Taiwan since Donald Trump took over as US president, while Taipei said it showed Washington’s support in the face of growing military threats from mainland China. The…
Read in South China Morning Post: https://apple.news/
China taps into global expertise in climate change battle against increasing floods and droughtWith droughts and floods occurring with increasing frequency in Chinese cities, Beijing has been taking active steps to tap foreign expertise in tackling climate change, most recently with the launch of the first regional office of the Dutch Global Centre…
Read in South China Morning Post: https://apple.news/
What bond markets tell us on China’s economyMacro data doesn't provide a comprehensive picture to investors, but bond issuance data can fill in some gaps
Read in Asia Times: https://apple.news/
EUROPE
UPDATE 1-Italy cashes in on improved market confidence to sell more 50-year debt
(Retops with orders, updates terms, adds comment)
Read in Reuters: https://apple.news/AU7iidDj_
Euro zone tries to revive pooled debt plan, ending risk-free gov't bonds
* Centeno proposes working group on debt treatment
Read in Reuters: https://apple.news/
Brexit: Furious Tory insider accuses Theresa May of letting parliament lay ‘elephant traps’ for Boris Johnson
A government insider has accused Downing Street of allowing the creation of “elephant traps” for the next prime minister on Brexit.
Read in The Independent: https://apple.news/A4E_dat-
Boris's allies say he will 'play chicken' with Remainer MPs and the EU
Allies of Boris Johnson told MailOnline he will not be put off by a burgeoning Brexit mutiny, and will dare Tory Remainers to bring the government down.
Read in Daily Mail: https://apple.news/A9so-
German diplomat tells U.S., EU: don't use agriculture to block trade deal
The United States and European Union should use common sense to move forward with formal negotiations about a trade agreement, instead of allowing disagreements over agriculture to block progress, a senior German diplomat told Reuters.
Read in Reuters: https://apple.news/
EU to consider age limits when choosing IMF candidate: Finland finance minister
European Union states will take into account age limits when they decide on their candidate to succeed Christine Lagarde at the helm of the International Monetary Fund, Finland's Finance Minister Mika Lintila told a news conference on Tuesday.
Read in Reuters: https://apple.news/
EU states to grow this year and next, but risks rising: Dombrovskis
The European Commission member in charge of the euro, Valdis Dombrovskis, said on Tuesday that Brussels forecasts all EU economies will grow this year and next, but risks are rising.
Read in Reuters: https://apple.news/
The challenge ahead: a safer and more dynamic Europe • Social Europe
In the latest in our ‘Europe2025’ series, Gustav Horn focuses on macroeconomic institutional reforms for crisis-proofing and a programme of investment to engender vital public goods. Gustav Horn After the European Parliament elections, it is time to decide how the European Union will meet the challenges of the near future. If the EU is to survive in the long term, it can only be via deepening European relations. The priority to which member states and the European Parliament, in particular,
Read in Social Europe: https://apple.news/
Remains to be seen whether the EU will have a strong leader, expert says
Karel Lannoo, CEO of the Center of European Policy Studies, outlines why the nominations for the EU's top jobs matter.
Read in CNBC: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 7/11/19 did update on the indicative rates Sell Rate 1190
The currency auction is 198,581,091
There is one news and announcements
Allow transfers of shares of intermediary companies
To the companies that mediate the sale and purchase of foreign currencies (general) (Issue: 286/5/9).July 11, 2019
To the companies that mediate the sale and purchase of foreign currencies (general) (Issue: 286/5/9).July 11, 2019
To the companies that mediate the sale and purchase of foreign currencies (General) (Issue: 286/5/9 dated: 2019/7/9)
Article (2): It is decided to allow the transfer of the shares of the brokerage companies to the sale and purchase of foreign currencies wishing to merge before the expiry of the period specified in the above agreement.
Article (2): It is decided to allow the transfer of the shares of the brokerage companies to the sale and purchase of foreign currencies wishing to merge before the expiry of the period specified in the above agreement.
Rafidain launches 10 million advances for employees of hospitals, colleges and private companies
Date of release: 2019/7/11 10:53 • 591 times read
{International: Al-Furat News} Rafidain Bank has launched a predecessor to private and mixed employees working in hospitals, colleges and private companies.
"It was decided to grant advances of 10 million dinars to private sector employees for his monthly salary of more than 500 thousand dinars," the bank's information office said in a statement received by Al-Furat News.
The statement added: "also gives the employee 5 million dinars for his monthly salary to 500 000 dinars," noting that "the duration of the advance 5 years."
The statement added: "also gives the employee 5 million dinars for his monthly salary to 500 000 dinars," noting that "the duration of the advance 5 years."
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Kauaihn Chatter:dd
http://www.dinarguru.com/
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7-10-2019 Newshound/Intel Guru Mnt Goat The other hitch is will the IMF allow this as acceptable and relieve then of the sanctions now or make them wait until the gas is delivered and pays out the $4.1 billion remaining? So far we have not heard from the IMF on this point. So we wait and listen. But YES this could be part of the IMF not wanting to sign off on the RV. Remember too the UN was just in Iraq in a BIG meeting. What were they discussing? Of course they discussed relieving the sanctions, the last part of Chapter VII. What we know as FACT is that Iraq can not Reinstate the currency as long as they are still in Chapter VII. [post 2 of 2]
7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case. [post 1 of 2....stay tuned]
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Bruce [via PinkRoses] As far as what we are waiting for, it appears everything did get completed. However, this afternoon we were still looking for brand new rates coming up on screens at the bank and the Redemption Centers... and looking for new Forex rates to come up...I am hearing things from a couple of different sources that believe very strongly that tomorrow [Wednesday] is our so-called revalued day... I was told after those new rates come up on those bank screens, the Redemption Center screens, we would be in line to get the toll=free numbers...We shall see where it goes.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul Mahdi receives the CEO of GE
Prime Minister Adel Abdul Mahdi received on Wednesday, CEO of GE Energy, Mr. Joseph Anis and his delegation.
The Prime Minister stressed the importance of the strategic partnership between the Iraqi government and General Electric Company to find comprehensive solutions to secure the electric power of citizens and benefit from modern technology and renewable energies. He added that Iraq is expanding to international companies and investment opportunities available to the expertise and large companies to provide services to the Iraqi people in all fields, And pointed out the importance of cooperation with GE to develop and improve energy.
The President of the General Electric Company announced the progress of the strategic projects implemented by GE, including the linking of several secondary stations in different provinces of Iraq to help break the bottlenecks this summer and summer and the progress of work in the projects of Samawa and Dhi Qar and the project of Zubair station, Which will increase the production capacity of the network in Iraq by 3000 MW. Mr. Joseph Anis also reviewed the projects that are discussed in the framework of the roadmap for developing electricity, covering projects in all governorates of Iraq and providing training and work opportunities for citizens. Me all over the country.
The meeting was attended by the accompanying delegation to the President of the Company and the Advisor to the Prime Minister.
Media Office of the Prime Minister
10 - July - 2019
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ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul Mahdi receives Siemens CEO
Prime Minister Adel Abdul Mahdi received on Wednesday the CEO of Siemens, Germany
Mr. Joe Kaiser.
During the meeting, the road map for the electricity sector was agreed upon and signed in the presence of the Prime Minister and German Chancellor Angela Merkel in Berlin.
The Prime Minister stressed the importance of setting a timetable for the implementation of the mutual commitments of the parties and making every effort to implement the map with their time schedules, pointing to the continuous efforts exerted to improve energy and increase the processing hours in all governorates.
For his part, the president of Siemens said that the company is very interested in meeting the need of Iraq's electricity and the pursuit of the implementation of the map program, and that the responsibility of solidarity to meet the requirements of the Iraqi people and joint cooperation in this vital area, and promised to contribute with the Iraqis to advance the state of electricity in the near future, praising The follow-up of the Prime Minister of the daily file of electric power in Iraq and give him all powers to the sector, and said that this personal follow-up is very influential and a decisive factor in making progress in this file and improve electricity in the summer,
He also pointed out that the company is training and employing large numbers of Iraqi graduates and middle cadres.
The meeting was attended by German Charge d'affaires in Baghdad and the company's executive directors in the Middle East and Iraq.
Media Office of the Prime Minister
10 - July - 2019
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3
Election of the first woman president of the Parliament of Kurdistan
11/07/2019
Kurdistan Parliament elected on Thursday July 11, 2019, Rywaz Fayek, the deputy of the Patriotic Union of Kurdistan as the first woman president of the new parliament.
Riwaq Fayek was elected by secret ballot in parliament after the competition between her and Shadi Nawzad, MP of the New Generation bloc. Fayek received 72 votes and was officially elected as the new speaker of the Kurdistan-Iraq parliament.
Rywaz Fayek was born in 1977 in the city of Clare. She holds a doctorate in private law.
In addition, she is a deputy of the National Union in the Parliament of Kurdistan, a leading member of the party and a former professor at the Technical University of Sulaymaniyah.
She worked for a period of time at the Darbandikhan court. In addition to her previous work, she is responsible for the legal department at the Technical Institute in Sulaymaniyah.
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ARTICLE 4
Ahmed: Paying the salaries of retirees with a card card and replacing it optionally
2019/7/10 16:29
[Baghdad-where]
The General Retirement Authority confirmed on Wednesday that the salaries of retirees will continue to be paid with a card and not replaced by the retiree's desire, indicating the adoption of Master Card in paying the salaries of new retirees.
"According to the deliberative meeting held with the Central Bank of Iraq to obtain the approval of the Central Bank to adopt the product MasterCard in the payment of salaries of retirees, it was decided to continue to pay the salaries of retirees with the card" electronic card "and not to replace" Other card only based on the desire of the retiree and written request from him and not to force any retired to replace the card. "
"It was also decided to adopt the electronic payment card Mastercard (fingerprint with a secret number) issued by Rafidain Bank with the International Smart Card Company to pay the salaries of new retirees referred to retirement."
On June 4, 2019, KV announced the cessation of the issuance of K-Card cards in the National Pension Authority, indicating the replacement of them with MasterCard cards issued by Rafidain Bank.
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ARTICLE 5
Agriculture prohibits the import of 16 crops
2019/7/10 18:01
[Baghdad-where]
The Ministry of Agriculture adviser Mahdi Mahdi al-Qaisi said on Wednesday that the ministry has prevented the importation of 16 crops so far for domestic supply.
Al-Qaisi said in a press statement that "one of the most important crops needed by the Iraqi individual is available locally and there is no need to import them from outside Iraq."
Tomatoes, potatoes, garlic, onions, melons, melons, cucumber, eggplant, lettuce, dates, carrots, trees, cauliflower, cucumber, cucumber and corn.
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