WOTS Wednesday 7/24//19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1170.4000 | 1169.2000 | 1169.2000 | | 00:00 |
| USD/VND | | | 23184.5000 | 23184.5000 | 23184.5000 | | 03:15 |
| USD/CNY | | | 6.8822 | 6.8747 | 6.8782 | | 04:59 |
| USD/KWD | | | 0.3037 | 0.3035 | 0.3036 | | 05:00 |
| GBP/USD | | | 1.2486 | 1.2425 | 1.2438 | | 05:00 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14018.0000 | 13813.0000 | 13963.0000 | | 04:55 |
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DC NY Iraq Articles:dd
Iraq .. the likely arena of confrontation between America and Iran
With drone strikes and attacks on oil tankers in the Persian Gulf, tension between Iran and the United States is mounting, with fears of war escalating in one of the world's most important oil producing and exporting regions. But any conflict between the two states may actually begin on the territory of a third country with both sides having a military presence in Iraq.
This complex fact puts Iraqi officials in a difficult position while studying security relations with the United States and their political and religious ties with Iran, according to Ali Fayez, director of the Iran Project at the International Crisis Group.
"The Iraqi government can not afford the bias of either side, so they are now in the middle of nowhere," Fayez was quoted by Bloomberg as saying.
So far, direct confrontation between Americans and Iranians is avoided, and the prospect of an open war between them does not exist, given the vast military capabilities of the United States, but the situation remains tense.
US Deputy Assistant Secretary of State for Near East Affairs Joan Bulashik told a Senate hearing last week that the "rogue" pro-Iranian militias were plotting US interests and planned to carry out operations aimed at killing Americans and US allies and Iraqis. That these armed groups are monitoring American diplomatic installations "and continue to launch indirect armed attacks."
At the same hearing, Deputy Assistant Secretary of Defense for Middle East Affairs, Michel Mulleroy, said that Iranian interference threatens Iraqi interests and destroys stability.
"Our main concern is the extent to which the unregulated militias, which are more loyal to Tehran than loyalty to Baghdad, destroy the legitimate authority of the Iraqi prime minister, overwhelm ordinary Iraqis and destabilize fragile societies that have recently been liberated from duplicitous control," Mulleroy says.
Iraq is an important strategic link for Iran's regional policy vis-à-vis the United States. The Iranians support Syrian President Bashar al-Assad and the Houthi rebels in Yemen in proxy regional wars and strengthen ties with Qatar, which hosts a major US military base.
"A large part of the Iraqi civilian military establishment, not just the militias, is strongly biased to Iran," says Ali Alfonig, chief researcher at the Arab Gulf Research Institute in Washington.
Rouhani: Iran has not and will not miss the opportunity to negotiate with the United States
Editorial date: 2019/7/24 10:42 • 127 times prescribed
Iranian President Hassan Rowhani said Tehran was still ready to negotiate with the United States over the dispute over Iran's nuclear program, stressing that this does not mean giving in to US pressure in that regard.
"We are always ready to negotiate, but in a just and legal way that preserves our dignity, but we will not surrender to the negotiations," Rohani said in remarks broadcast on the Iranian presidency website.
"The nuclear agreement is a heavy heat on the hearts of the Zionists and the reactionary countries in the region," Rohani said. "After America came out of the nuclear agreement, our patience was a whole year, and our patience was strategic and historic. , But over the year we have exported oil as much as we need. "
Rowhani said earlier that his country did not want to increase tensions in the region or with other countries, and would never start a war
"The nuclear agreement is a heavy heat on the hearts of the Zionists and the reactionary countries in the region," Rohani said. "After America came out of the nuclear agreement, our patience was a whole year, and our patience was strategic and historic. , But over the year we have exported oil as much as we need. "
Rowhani said earlier that his country did not want to increase tensions in the region or with other countries, and would never start a war
Halabousi calls on Washington to expand its participation in investment in Iraq
24-07-2019 12:22 AM
BAGHDAD (Reuters) - Iraqi House Speaker Mohammad Halabousi on Tuesday called for broader US participation in Iraq's construction, development, investment and stability.
This came during the reception of Halbusi to the US ambassador to Baghdad, Matthew Toler in his office.
A statement on the Office of Halbusi received 'orbit' copy of it, 'The last discussed during his meeting with the US ambassador relations between Baghdad and Washington, and international political developments.'
The Speaker of the House of Representatives, according to the statement, on the role of Iraq in the region, referring to the political and economic stability achieved after the victory over terrorist organizations, praising the 'cooperation of the International Coalition with Iraq'.
For his part, the US ambassador praised the adoption by the House of Representatives of the draft law of the first amendment to the law of elections of provincial councils not organized in the territory and districts, considering that an important political development.
BAGHDAD (Reuters) - Iraqi House Speaker Mohammad Halabousi on Tuesday called for broader US participation in Iraq's construction, development, investment and stability.
This came during the reception of Halbusi to the US ambassador to Baghdad, Matthew Toler in his office.
A statement on the Office of Halbusi received 'orbit' copy of it, 'The last discussed during his meeting with the US ambassador relations between Baghdad and Washington, and international political developments.'
The Speaker of the House of Representatives, according to the statement, on the role of Iraq in the region, referring to the political and economic stability achieved after the victory over terrorist organizations, praising the 'cooperation of the International Coalition with Iraq'.
For his part, the US ambassador praised the adoption by the House of Representatives of the draft law of the first amendment to the law of elections of provincial councils not organized in the territory and districts, considering that an important political development.
Kurdistan President Congratulates UK's Boris Johnson on Premiership
Kurdistan Region President Nechirvan Barzani has congratulated Boris Johnson on his election as the new prime minister of the United Kingdom, hoping for stronger ties between Erbil and London with his new position in the government.
"I extend my warmest congratulations on your election as the leader of the Conservative Party. I am sure that your experience and leadership will prove invaluable for the United Kingdom," reads a statement by the office of the presidency.
UK’s former foreign secretary and London mayor, Boris Johnson, is expected to succeed Theresa May as Britain’s next prime minister after he defeated Jeremy Hunt in the Conservative Party's leadership contest.
The Kurdish president said that the Kurdistan Region "is proud of its relations with the UK, and I hope that with your new role as the leader of the Conservative Party and the Prime Minister of the UK, the relations between the Kurdistan Region and the UK will improve further."
He also reminded that London's support to Erbil in the war against the Islamic State (IS) was vital, pointing out that the region "will count on the continued support of the UK under your leadership for maintaining stability in this important part of the Middle East."
Disclosure of a parliamentary decision on two laws on integrity and corruption
11:54 - 24/07/2019
Information / Baghdad ..
The Parliamentary Integrity Committee announced on Wednesday a decision to merge the Integrity Commission's law with the draft law on the illegal gain of a unified law.
A member of the Committee Hisham al-Suhail said in a statement to / information /, "The Integrity Committee in the House of Representatives is currently working on the integration of the Commission on Integrity and Illegal Gain by law."
Al-Suhail added that "the enactment of the two laws by a single law will strengthen the role of the supervisory services, the Integrity Commission and the Financial Control Department," stressing that "the supervisory departments need these important laws, which we seek to approve during the next phase." Ending / 25 h
Iraq: Iran will secure the Strait of Hormuz
http://translate.
24/07/2019
TEHRAN (Reuters) - Iran will not secure the Strait of Hormuz, Iranian Deputy Foreign Minister Abbas Araghji said, adding that "Iran will not allow any disruption of navigation in the vital waterway."
Reported the agency "Reuters", on Tuesday, quoting the agency of the Islamic Republic of Iran.
"Iran will secure the Strait of Hormuz and will not allow any disruption of navigation in the vital waterway," the agency said.
"Iran will do everything in its power to secure the region, especially the Strait of Hormuz," Araghji told French Foreign Minister Jean-Yves Le Drein. "It will not allow any disruption of navigation in this sensitive area."
The spokesman for the Iranian Foreign Ministry, Syed Abbas Moussaoui, earlier in the day, an Iraqi went to Paris carrying a letter from President Rohani to his French counterpart Macaron, according to the agency "Irna".
"The Assistant Foreign Minister for Political Affairs Abbas Araghji, went to Paris as a special envoy to the President of the Republic of Iran."
Reported the agency "Reuters", on Tuesday, quoting the agency of the Islamic Republic of Iran.
"Iran will secure the Strait of Hormuz and will not allow any disruption of navigation in the vital waterway," the agency said.
"Iran will do everything in its power to secure the region, especially the Strait of Hormuz," Araghji told French Foreign Minister Jean-Yves Le Drein. "It will not allow any disruption of navigation in this sensitive area."
The spokesman for the Iranian Foreign Ministry, Syed Abbas Moussaoui, earlier in the day, an Iraqi went to Paris carrying a letter from President Rohani to his French counterpart Macaron, according to the agency "Irna".
"The Assistant Foreign Minister for Political Affairs Abbas Araghji, went to Paris as a special envoy to the President of the Republic of Iran."
Kauaihn Iraq Articles:dd
Parliament holds its last session tomorrow before entering the holiday extends to next September
12:01 - 24/07/2019
Information / Baghdad ..
The parliamentary legal committee confirmed on Wednesday that the session on Thursday will be the last session of the extension period, and the parliament will enjoy a legislative holiday and will begin a new legislative chapter on September 3, noting that tomorrow's session will be a regular session and will not discuss any issue or important issue.
"The House of Representatives will end the second legislative chapter, which has been extended for one month during tomorrow's session," said member of the Committee MP Salim Hamza, noting that "tomorrow's session will be a regular session will not discuss any issue or issue is important."
Hamza added that "the Legislative Council will have a legislative break and will begin with its new legislative term on September 3," adding that "the third legislative term will address the vote on the amendment of the civil service law which was prepared to vote." Ending / 25
The demands of demonstrators at the table of the Council of Dhi Qar
Editorial date:: 2019/7/24 9:24 • 116 times read
(Baghdad: Al Furat News) The Council of Dhi Qar said on Wednesday that the demands of the demonstrators will be among the things that will be discussed in today's session.
"The Council will discuss a number of decisions on the agenda, including the report of the Education Committee and the hosting of the director of the Traffic Department," the press service of the Council said in a statement received by Al-Furat News.
"The meeting will also discuss the demands of the demonstrators and the report of the security committee," he said. is over
"The meeting will also discuss the demands of the demonstrators and the report of the security committee," he said. is over
Late at night .. Karbouli inspecting the district of Tarmiyah and meet the elders of their clans
24-07-2019 02:02 AM
Agency of the orbit -
Baghdad Mohammad al-Karbouli, a member of the parliamentary security and defense committee, visited Tarmiyah district north of Baghdad and met with her elders late on Tuesday.
A statement issued by the Karbouli office said that "in the framework of the field monitoring of the affairs of citizens and members of the tribes, MP Mohammed Nasser al-Karbouli, a member of the Security and Defense Committee, visited the security forces in Tarmiyah district."
The statement said that 'Karbouli visit to spend Tarmiyah in the context of his concerns in the region, and during his tour visited the Karbouli MP Sheikh Saeed Al-Jassim Al-Mashhadani, President of the Senate and the elders of Tarmiyah.
During his visit, Karbouli stressed the importance of providing security for citizens and cooperation between citizens and security agencies to contribute to improving the reality of the region.Ending 12 /
Iraq pursues 11 former ministers for corruption
The number of accused in these cases 2,200 people
Wednesday, July 24,2019
Iraqi Prime Minister Adel Abdul-Mahdi during a press conference on July 23 (Prime Minister's Media Office)
Iraqi Prime Minister Adel Abdul-Mahdi announced on Tuesday the issuance of arrest warrants against 11 former ministers or those of their rank, in cases related to corruption, in addition to hundreds of managers and employees.
Abdul-Mahdi said that the criminal cases referred to the courts as of June 15 amounted to 1267 cases, "the number of accused of 2,200 accused, including four ministers and 123 accused of special grades."
Abdul Mahdi pointed to the existence of more than one thousand cases of corruption referred to the Integrity Courts, "out of 4117 cases under investigation." He added that "110 suspects were seized and the seized amounts are 21 billion dinars and 12 thousand dollars," while the Iraqi state recovered 33 million dinars.
He stressed that "the Anti-Corruption Council strengthened its measures to combat corruption and work to pursue the corrupt," noting that "we will remember the names of the accused in the event of investigations proved their involvement."
read more
Foreign workers in Iraq ... corruption and mafia
The offices of the inspectors in the Iraqi ministries ... fight corruption and accuse him
On July 18, the United States announced it would impose sanctions on four Iraqis accused of corruption and human rights abuses, including "persecution of minorities," including officials of militias linked to Iran.
The charges were directed at former governors, former governor of Nineveh Nawfal Hammadi Sultan al-Aakoub, former governor of Salahuddin Ahmed al-Jubouri, and two militia officials, Ryan Chaldean and Qadu. All their assets have been frozen in the United States.
In this regard, Abdul Mahdi said that the Iraqi government referred the file to the legal advisers to resolve the sanctions imposed
Wednesday, July 24,2019
Iraqi Prime Minister Adel Abdul-Mahdi during a press conference on July 23 (Prime Minister's Media Office)
Iraqi Prime Minister Adel Abdul-Mahdi announced on Tuesday the issuance of arrest warrants against 11 former ministers or those of their rank, in cases related to corruption, in addition to hundreds of managers and employees.
Abdul-Mahdi said that the criminal cases referred to the courts as of June 15 amounted to 1267 cases, "the number of accused of 2,200 accused, including four ministers and 123 accused of special grades."
Abdul Mahdi pointed to the existence of more than one thousand cases of corruption referred to the Integrity Courts, "out of 4117 cases under investigation." He added that "110 suspects were seized and the seized amounts are 21 billion dinars and 12 thousand dollars," while the Iraqi state recovered 33 million dinars.
He stressed that "the Anti-Corruption Council strengthened its measures to combat corruption and work to pursue the corrupt," noting that "we will remember the names of the accused in the event of investigations proved their involvement."
read more
Foreign workers in Iraq ... corruption and mafia
The offices of the inspectors in the Iraqi ministries ... fight corruption and accuse him
On July 18, the United States announced it would impose sanctions on four Iraqis accused of corruption and human rights abuses, including "persecution of minorities," including officials of militias linked to Iran.
The charges were directed at former governors, former governor of Nineveh Nawfal Hammadi Sultan al-Aakoub, former governor of Salahuddin Ahmed al-Jubouri, and two militia officials, Ryan Chaldean and Qadu. All their assets have been frozen in the United States.
In this regard, Abdul Mahdi said that the Iraqi government referred the file to the legal advisers to resolve the sanctions imposed
Editorial date: 2019/7/24 10:52 • 96 times read
The first deputy speaker of parliament, Hassan al-Kaabi, said Tuesday that the adoption of the provincial councils law is a fundamental pillar in promoting the stability of cities, pointing out the need for a large budget earmarked for the development of the regions of sincere people.
Al-Kaabi said in a statement received by Al-Furat News: "We appreciate the great efforts made by the Presidency of the Council of Representatives and the committees of the regions and governorates, and the legal representative and the members of the House of Representatives to vote on the first amendment to the law of elections provincial councils not organized in the province and district No. 12 2018, and the total movement that preceded the voting session, which is the holding of consultation sessions and workshops and seminars for previous periods in order to reach a formula with legal provisions that satisfy the citizen and meet his ambition first and last.
Al-Kaabi added that "the law voted on yesterday evening, which includes the holding of local elections in all governorates, including the province of Kirkuk dear, more than 14 years after the last elections, is a key pillar in the process of urban stability and the consolidation of democratic foundations in the country, The will of the Iraqi voter in the selection of local legal departments to provide him with the best services without delay. "
Al-Kaabi pointed out that "the House of Representatives had allocated a very large budget for the development of the regions, and these funds need people who are loyal to their people and qualified to be able to manage them and good, professional and fair, and turning them to projects of priority and concrete to citizens in all governorates.
He called on the First Vice-President of the Council, the Federal Government and the Independent Electoral Commission to "create all the requirements of the electoral process, which was identified in early April of 2020 and provide all the technical, logistical and security aspects necessary to ensure the success of the election process and preserve its integrity and impartiality," stressing that " In its present session will stand firmly against anyone who tries to target the democratic process and the foundations of its consolidation and preservation.
Al-Kaabi added that "the law voted on yesterday evening, which includes the holding of local elections in all governorates, including the province of Kirkuk dear, more than 14 years after the last elections, is a key pillar in the process of urban stability and the consolidation of democratic foundations in the country, The will of the Iraqi voter in the selection of local legal departments to provide him with the best services without delay. "
Al-Kaabi pointed out that "the House of Representatives had allocated a very large budget for the development of the regions, and these funds need people who are loyal to their people and qualified to be able to manage them and good, professional and fair, and turning them to projects of priority and concrete to citizens in all governorates.
He called on the First Vice-President of the Council, the Federal Government and the Independent Electoral Commission to "create all the requirements of the electoral process, which was identified in early April of 2020 and provide all the technical, logistical and security aspects necessary to ensure the success of the election process and preserve its integrity and impartiality," stressing that " In its present session will stand firmly against anyone who tries to target the democratic process and the foundations of its consolidation and preservation.
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How The World’s Wealthiest Obtain 'Golden Passports' To The U.K. And EU
Controversial “Golden Passport” (or visa) schemes are back under the spotlight as one leading London firm opens up on the “huge increase” in demand for its services.
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These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes
These billionaires have all been declared broke or bankrupt at one point in their lives. Once some of the richest people in the world, these billionaires were all broke or declared bankruptcy at one point in their lives. Former billionaires Bernie Madoff, Allen Stanford, and Eike Batista have all served jail time for financial-related crimes, while others lost their fortunes due to other circumstances. We rounded up 10 famous billionaires who went broke or declared bankruptcy, plus the wild
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The Final Approach
Last week's U.S. retail sales data for June tops the list. The headline number showed a month-over-month rise of 0.4%.In China, second-quarter GDP growth of 6.2% was the slowest since records began 27 years ago.We haven't landed yet, but the final approach appears to be levelling out nicely.
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PRECIOUS-Gold steady as big rate cut bets fade, analysts eye further upside
* Gold could retest resistance at $1,439/oz -technicals
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Gold looks for direction after hitting 6-year high
Gold futures trade near unchanged Monday, in consolidation mode after hitting a six-year high last week, with prices seen underpinned by rising tensions between Iran and the West.
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Gold Prices Fall; Central Banks Decision in Focus
Commodities Jul 23, 2019 04:28 GMT Investing.com - Gold prices fell on Tuesday in Asia as traders await decisions from multiple central banks in the next two weeks. The European Central Bank is due to meet on Thursday, which is followed by the Bank of Japan and then the U.S. Federal Reserve next week. Markets widely expect the Fed to cut rates by 25-basis-point at its July 30-31 meeting. The Fed and the ECB have begun their respective periods of avoiding public speaking and interviews ahead of
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Gold Edges up; Traders Stay Hopeful of Rate Cuts Amid Central Banks Blackout
Commodities Jul 22, 2019 18:29 GMT By Barani Krishnan Investing.com – After weeks of cues and hints on where interest rates could go, global central banks have suddenly gone off the air, leaving gold longs that plowed headlong into the market on their own to figure out trades till the crunch time comes for rates. Gold prices were up on Monday with smallish gains as the Federal Reserve and European Central Bank began their respective periods of avoiding public speaking and interviews ahead of
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Failure Comes As No Surprise In Natural Gas
Hurricane Barry led to the current sell-off.Inventory injections continue to edge lower.We will see more natural gas in storage going into the next peak season.Can the shorts push the energy commodity through $2?Let DGAZ run, for now.
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Oil prices climb amid geopolitical tensions; U.K. leadership decision complicates crisis with Iran
Oil prices shoot higher on Monday as investors continue to watch tensions in the Middle East. A new prime minister in the U.K. may only complicate a growing international crisis surrounding the seizure of a U.K. tanker by Iran.
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Oil off Highs as U.S. Tries to Limit Fallout From Seized U.K. Tanker
Commodities Jul 22, 2019 17:09 GMT By Barani Krishnan Investing.com - Crude futures remained higher in Monday’s early afternoon trade in New York, but the gains were much smaller than they were at the session highs after U.S. Secretary of State Mike Pompeo indicated the administration wouldn't use the seizure of the British-flagged Stena Impero tanker as a reason to escalate its standoff with Iran. U.S. West Texas Intermediate crude was up 56 cents, or 1%, at $56.32 per barrel by 1:48 PM ET (17:
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Why Copper Is a Trade War Indicator
The traditional measure of copper as an economic barometer still holds true for China, which consumed four times more copper than the United States in 2017. Market participants are always scanning every credible source of information to find that one piece of data that can change the outlook and move markets. In this context, many participants looking for the future direction of the global economy look to copper, often called by its nickname "Doctor Copper." This suggests two questions: Does
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Oil off Highs as U.S. Tries to Limit Fallout From Seized U.K. Tanker
Commodities Jul 22, 2019 17:09 GMT By Barani Krishnan Investing.com - Crude futures remained higher in Monday’s early afternoon trade in New York, but the gains were much smaller than they were at the session highs after U.S. Secretary of State Mike Pompeo indicated the administration wouldn't use the seizure of the British-flagged Stena Impero tanker as a reason to escalate its standoff with Iran. U.S. West Texas Intermediate crude was up 56 cents, or 1%, at $56.32 per barrel by 1:48 PM ET(17:
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Silver Is Finally Realizing Its Potential
After a month-long consolidation period, silver finally joins gold rally.Short covering was the impetus, but greed will soon enter the picture.Expect continued gains in silver before the latest metals rally has ended.
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Bank of America CEO: American economy is driving our earnings
Bank of America CEO Brian Moynihan on the debt ceiling negotiations, USMCA, U.S. trade talks with China, second-quarter results and the outlook for growth.
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Big banks close four times as many branches in poor areas than in rich ones
Branch closures hit the elderly and vulnerable the most in deprived regions, leaving them without easy access to cash and services
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Big Banks vs. Big Tech: Are internet giants poised to take over the financial system?
The IMF report outlines three potential scenarios for the relationship between big tech and commercial banks; coexistence, complimentary and takeover.
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Deutsche Bank's CEO fretted about 'mercenary,' 'buccaneering' traders ruining the brand before saying 'The party is over!'
The Financial Times chronicled how Germany's biggest bank went about overhauling the business with a plan to slash 18,000 jobs. "Saying 'enough of it, the party is over!' required a lot of courage," one unnamed source told the newspaper. The bank had to develop a "bad bank," segregating unwanted equities and tens of billions of "deadwood" derivatives. Visit Markets Insider for more stories. In a chronicle of Deutsche Bank's demise, leading to an overhaul that will see more than 18,000 jobs gone,
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Equifax to pay up to $700M in breach settlement
The deal could be announced as early as Monday.
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Wall Street rises ahead of jam-packed week of 2Q earnings
Boeing, Facebook and Tesla are among the firms poised to release financial results through June.
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Treasury yields struggle for direction as traders looks ahead to ECB meeting
Treasury yields are mostly unchanged on Monday as investors await the European Central Bank meeting later this week, with many expecting ECB President Mario Draghi to open the door to additional easing policies.
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Stocks struggle, oil jumps on Middle East tensions
European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.
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Opinion: Yep: Wall Street is now chasing the market
Fascinating new data from Bank of America shows how terrified money managers are chasing the stocks that have already gone up, in the hope of not getting fired for missing the latest rally.
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The Bond Market Is Spookier Than The Stock Market
Stocks are expensive, but bonds are even more expensive. The equity risk premium is still positive. With stocks, bonds, and real estate all at lofty valuations, this article discusses a few asset classes that still may be cheap.
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How people with a million in the market feel about stocks
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account holders are not trading as if the bull market is anywhere close to over.
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Day Ahead: Top 3 Things to Watch
Stock Markets Jul 22, 2019 20:19 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Welcome to Earnings Town There’s no doubt this week is about anything but earnings, with the sheer amount of market-moving names enough to set the tone for any market day. Ahead of trading tomorrow, there will be three Dow components weighing in. Coca-Cola (NYSE:KO) is expected by analysts to post a profit of 62 cents per share on sales of about $9.8 billion, according
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Top 5 Things to Know in the Market on Tuesday
Economy Jul 23, 2019 09:56 GMT Investing.com - Here are the top five things you need to know in financial markets on Tuesday, July 23: 1. Trump pens deal with Congressional leaders over debt ceiling U.S. President reached a deal over the debt ceiling with congressional leaders overnight that paves the way for more government spending through at least 2021. The agreement, which still must be ratified by both chambers of Congress, would clear the path for hundreds of billions in news spending and
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What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers
As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin's...
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Exchange QuickBit Confirms Data Breach May Impact 300K Users
The crypto exchange left a database open on the internet and leaked data for up to 300,000 users.
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Bitcoin's Catch-22 Will Keep It From Spurring a Monetary Revolution
Bitcoin may be hot now, but the future for the world's largest cryptocurrency isn't so bright.
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7 Financial Crisis Triggers That Will Boost Bitcoin Adoption
Bitcoin is increasingly being viewed as a store of value, even US politicians are now accepting this notion as investors grow increasingly wary of fiat and its propensity for devaluation. One of the biggest fears is a repeat of the global financial crisis which wiped billions off stock markets and plunged economies into turmoil. Seven Financial Crisis Triggers The next one could be closer than we think and there are a number of trigger events that may set the avalanche in motion which would lead
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Bitcoin Price Ends Longest Losing Streak Since December
Bitcoin ended its longest losing streak in seven months over the weekend, but the outlook still remains bearish.
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Greenback Is Mostly Firmer To Start New Week, While The Euro Is Pinned Near $1.12
South Korea's trade figures for the first 20 days in July warned of continued headwinds.The ECB meeting is the main economic event in Europe this week.The economic highlight of the week is the first look at Q2 US GDP.
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Forex - Dollar Pushes Higher Vs. Yen as Fed Rate Cut Expectations Wane
Forex Jul 22, 2019 07:19 GMT Investing.com - The dollar pushed higher against the yen on Monday as investors tempered expectations for an aggressive Federal Reserve interest rate cut later this month. The dollar rose 0.2% against the yen to 107.92 by 03:20 AM ET (07:20 GMT) thanks to a rise in U.S yields. The benchmark 10-year Treasury yield stretched Friday's modest gains and climbed to 2.06%. Still, the broad decline in equity markets limited the rise in safe-haven Treasury yields. "A factor
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Upside Progress In The Canadian Dollar
The USMCA will replace NAFTA after congressional approval.Lower U.S. rates spell higher levels for the Canadian dollar.The C$ reflects commodity prices.The first step in breaking a bearish price trend.FXC has upside given the trajectory of the loonie.
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Eurozone shock: Yanis Varoufakis reveals bombshell pound to euro exchange rate 'paradox'
YANIS VAROUFAKIS claimed the reason why the euro is valued so highly compared to the pound or US dollar is because of a “delicious paradox” which sees the Eurozone actually being on the verge of a dramatic break-up, newly-resurfaced footage reveals. This month, the pound remained weak against the majority of major currencies, including the euro, due to political uncertainty surrounding Brexit and in particular the possibility of a no-deal divorce. The pound-to-euro exchange rate recorded its
Read in Express: https://apple.news/AbINOC_
Forex - New Zealand Dollar Falls as RBNZ Considers Unconventional Policy Strategy
Forex Jul 23, 2019 03:22 GMT Investing.com - The New Zealand Dollar fell on Tuesday in Asia after the Reserve Bank of New Zealand said it had done contingency planning for unconventional monetary stimulus. The work is currently “at very early stage,” the central bank added. “The announcement shows that the N.Z. economy is no longer immune to unconventional policy,” said ANZ. “This should help take a bit of the heat out of the NZD, which has lacked much RBNZ direction of late,” it added. The NZD/
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Hedge funds go 'long' Brazilian real for first time since March
Hedge funds and otherspeculators trading U.S. futures markets are net buyers of theBrazilian real for the first time since March, according to thelatest figures from the Commodity Futures Trading Commission.
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In a review of 337,000 patient cases, this was the No. 1 most common medical error
Around 12% of preventable harm to patients is severe or leads to death, a new study finds.
Read in MarketWatch: https://apple.news/
If You're Always Tired During the Day, 2 Sleep Experts Have a Few Suggestions For You
We know the feeling: you roll over to check your phone. It's two minutes before your alarm is supposed to go off, and you haven't gotten that quality sleep you wished for before your head hit the pillow. Wondering how you can sleep more deeply? Us, too. No matter what, it seems like we could all do ...
Read in POPSUGAR: https://apple.news/
"Smart Pill" Schizophrenia Drug Unlikely To Move Payers
Without such data, the ‘smart pill’ is a gimmick that payers will not buy into – literally.
Read in Forbes: https://apple.news/AYe-y9mB-
Benefits of cutting just 300 calories per day
A new study finds that cutting just 300 calories per day could have a huge impact on your overall health. Researchers followed groups for two years and told them they could eat whatever they wanted to, but they had to restrict calories. On average, the group cut 300 calories. That’s the equivalent of about two chocolate chip cookies or about a cup of ice cream. Samantha Heller, a registered dietitian, joins "CBS This Morning" to discuss the benefits of cutting calories.
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Medical chief calls for global health effort
Countries must work together to tackle global health risks, England's outgoing chief medical officer warns.
Read in BBC News: https://apple.news/
What You Should Know Before Taking Cold Medicine To Help You Sleep
Sleepless nights can totally destroy your productivity for the day ― and evenweeks ― ahead. Research shows that lack of a good night's rest is associatedwith brain fog and irritability, and over time, sleeplessness is linked withan increased risk for heart disease and diabetes, a decreased sex drive and aweakened immune system.So it's no wonder people turn to all different kinds of sleep aids whenthey've spent a night or two tossing and turning. And since sleeplessness isusually something we ...
Read in HuffPost: https://apple.news/
Georgia Man Gets Flesh-eating Infection After Dip in Gulf of Mexico
July 22, 2019 A Georgia man became infected with flesh-eating bacteria after swimming in the waters off Panama City Beach, northwest Florida. Tony Meredith began to develop flu-like symptoms around five days afterwards, which progressively worsened to the point where he decided to go to hospital, WDHN reported. He was initially diagnosed with a kidney infection, but after his leg turned purple, doctors took bacterial samples which showed Meredith had necrotizing fasciitis—a rare, potentially
Read in Newsweek: https://apple.news/
UPDATE 2-U.S. records 25 new measles cases as outbreak spreads to Ohio, Alaska
(Adds health experts comments, background, PIX available)
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Millions still take aspirin for their heart without a doctor's recommendation, research suggests
It's estimated that some 6.6 million adults in the United States, aged 40 and older, without cardiovascular disease have reported using aspirin to prevent the disease and did so without a physician's recommendation, according to new research.
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Severe storms ushering in cooler air
Major cities in the Northeast could be impacted by severe weather today ahead of cooler air for the rest of the week. Pedram Javaheri has the forecast.
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Trump renews criticism of Federal Reserve, says central bank 'very misguided'
The president added that he believes interest rate costs should have been "much lower."
Read in Fox Business: https://apple.news/
US trade war negotiators likely to visit China next week for first face-to-face talk since G20, source says
US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are likely to fly to China next week for the first face-to-face talks since President Xi Jinping and US counterpart Donald Trump agreed to a trade war…
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The US will likely win in a 'cold currency war,' says Pimco
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.
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Warren warns of ‘coming economic crash’
‘Warning lights are flashing,” the Democratic presidential candidate says.
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Trump renews criticism of Federal Reserve, says central bank 'very misguided'
The president added that he believes interest rate costs should have been "much lower."
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Fed could worsen the next recession with a July rate cut, says Mizuho economist
Some argue the Federal Reserve risks exacerbating any coming economic slowdown by keeping interest rates excessively low.
Read in MarketWatch: https://apple.news/
11 mind-blowing facts about Canada's economy
Canada may have more petroleum reserves than the Middle East. The nation's enormous coastline - the longest in the world - contributes to its role as one of the top seafood producers. Canadian healthcare is about half the cost-per-capita of the US. And that's just a sampling. Here are 11 surprising facts about Canada's economy. Visit MarketsInsider.comfor more stories. Canada was colonized by Europeans including the French and British as early as the late 15th century and was founded as the
Read in Business Insider: https://apple.news/
Brazil 2019 growth forecasts finally stop falling, 2020 rate outlook cut -survey
For the first time in nearlyfive months, economists did not cut their economic growthforecast for Brazil, a central bank survey showed on Monday,snapping a run of 20 consecutive weeks of downward revisions andindicating that the economy may have bottomed out.
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Top ETFs: Growth, Chip, Brazil And Oil Funds Add To Year's Gains
Top ETFs in performance this year get their fuel from several areas, including growth-oriented computer chips, Brazil and oil stocks.
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Brazil's Bolsonaro says government may cut worker protections to boost job creation
Brazilian President Jair Bolsonaro said on Sunday that the government may look at making it less expensive for employers to fire workers, as it seeks fresh ways to stimulate a weak economy.
Read in Reuters: https://apple.news/AD8_
Market braces for Mexico's annual oil hedge, trading surges: sources
Trading in crude oil options and futures surged last week as market participants prepared for Mexico's annual oil hedging program, in which the country buys as much as $1 billion in contracts to protect its oil revenues.
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EMERGING MARKETS-Latam FX tepid on smaller U.S. rate-cut bets, oil price jump caps losses
Latin American currencies were subduedon Monday in line with the broader emerging markets asexpectations of an aggressive interest rate cut by the U.S.Federal Reserve waned following an easing in China-U.S. tradetensions, but a jump in oil prices helped limit losses. The South China Morning Post reported trade negotiators fromthe United States may visit China next week for their firstin-person talks with Beijing officials since the G20 meeting atthe end of June when U.S. President Donald Trump
Read in Reuters: https://apple.news/AMBuW-
What's next for emerging markets as America continues to outperform
Ruchir Sharma, chief global strategist and head of emerging markets at Morgan Stanley Investment Management, joins CNBC's "Closing Bell" to discuss what's next for emerging markets.
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EMERGING MARKETS-Latam FX muted as investors look ahead to ECB, Fed
(Updates throughout with market closings) By Sruthi Shankar July 22 (Reuters) - Latin American currencies largely heldsteady on Monday as investors awaited policy decisions in thecoming weeks from the European Central Bank and the U.S. FederalReserve for clues on the path of interest rates. Also helping risk sentiment was a South China Morning Postreport that U.S. trade negotiators might visit China next weekfor their first in-person talks with Beijing officials since theG20 meeting late last
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Our 2020 Vision For The Markets
Markets will riot without a rate cut.S&P 500 discounting 10% earnings growth in 2020.Can non-U.S. economies stabilize?
Read in Seeking Alpha: https://apple.news/AyTp0NAEnS_
Is Afghanistan helping Iran survive US sanctions with dollar smuggling?
Is Afghanistan helping Iran survive US sanctions with dollar smuggling?
Read in TRT World: https://apple.news/
MIDEAST DEBT-Buyer beware as Gulf 'club' bonds risk eroding value
* Gulf banks still arranging bonds like club loans -sources
Read in Reuters: https://apple.news/ACWINOh-
Luckin Coffee and Kuwait's Americana Group to develop retail coffee business in Greater MidEast, India
China's Luckin Coffee Inc. said Monday it is partnering with Kuwait Food Co. Americana KSCC to develop a new retail coffee business in the Greater Middle East and India. Americana Group is the biggest integrated food product company in the Middle East, according to a joint statement. "This collaboration represents Luckin Coffee's first step toward bringing its leading products from China to the world," Luckin Founder and Chief Executive Jenny Qian Zhiya said in a statement. Luckin shares were up
Read in MarketWatch: https://apple.news/
Iran claims to arrest 17 U.S. spies but offers few details
Tehran often makes similar unverified claims, but the latest announcement comes at a time of rare peril in relations with Washington.
Read in The New York Times: https://apple.news/
Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions
Iran is squirreling away millions of barrels of oil in storage tanks at Chinese ports, avoiding a breach of US sanctions while providing its biggest buyer with a ready supply of crude. The oil has been placed in "bonded storage," Bloomberg said, meaning it hasn't cleared customs so isn't subject to sanctions. China received about 12 million barrels of Iranian oil from January through May, but only 10 million barrels cleared customs. View Markets Insider's homepage for more stories. Iran is
Read in Business Insider: https://apple.news/
Zimbabwe's Econet weighs drastic measures over 'untenable' power cuts
Zimbabwe's largest mobileoperator Econet Wireless said it will take "drastic measures" ifthe impacts of severe rolling blackouts cannot be resolved,adding that the power cuts had left its operation unsustainable.
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Zimbabwe: Drought Leaves Millions More Vulnerable in Zimbabwe
Harare More than 5,5 million Zimbabweans are projected to be food insecure when the hunger period peaks from January through March next year. From now until the end of the current year, the drought will impact on more than 4,7 million people. This is according to the Zimbabwe Vulnerability Assessment Committee's recently-concluded Rural Livelihood Assessment. The World Food Programme (WFP) urgently requires US$173 million (R2,4 billion) to address the food shortage crisis. Zimbabwe's food
Read in AllAfrica: https://apple.news/AmGiH_
Zimbabwe: Fuel Prices Up Again
The Zimbabwe Energy Regulatory Authority (Zera) Monday announced new prices of fuel, a move that suggests government is moving towards Finance Minister Mthuli Ncube's wish to have it in line with the interbank value of US$1. According to a Zera announcement early Monday, the new price of petrol is now $7.47 from $6.10 and diesel now $7.19 up from $5.84. It is the second increase inside two weeks. Most service stations immediately adjusted their prices upwards in line with the announcement. The
Read in AllAfrica: https://apple.news/AOkH-qcZJO_
Zimbabwe: Drought Leaves Millions More Vulnerable in Zimbabwe
Harare More than 5,5 million Zimbabweans are projected to be food insecure when the hunger period peaks from January through March next year. From now until the end of the current year, the drought will impact on more than 4,7 million people. This is according to the Zimbabwe Vulnerability Assessment Committee's recently-concluded Rural Livelihood Assessment. The World Food Programme (WFP) urgently requires US$173 million (R2,4 billion) to address the food shortage crisis. Zimbabwe's food
Read in AllAfrica: https://apple.news/AmGiH_
Zimbabwe: Alrosa to Hold 70% in Diamond Venture
Leading global diamond producer, Alrosa, will hold a 70 percent controlling stake in the newly agreed joint venture with State owned Zimbabwe Consolidated Diamond Company (ZCDC), as Harare bids to boost mineral exports and reboot the sluggish economy. The coming in of Alrosa further entrenches participation and return of private players to diamond mining in...
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Is Zimbabwe's economy on track?
The return of the Zimbabwean dollar has raised fears about a return to hyperinflation.
Read in BBC News: https://apple.news/
Africa could be about to benefit from dovish policy shifts in the US, experts predict
Central bankers across Africa are paying special attention to the noises coming out of the U.S. Federal Reserve as they mull impending calls on monetary policy easing.
Read in CNBC: https://apple.news/
South Africa: Hydrogen Fuel-Cell Cars Could Spell Boom or Bust for SA Platinum Industry
Effervescent multi-entrepreneur Elon Musk famously described hydrogen-powered fuel-cell cars as 'mind-bogglingly stupid'. The 200,000-plus people employed in SA's platinum mines better hope he is wrong, because if he is right, the platinum industry is destined to go the same way as SA's gold industry. The perilous future of the platinum industry depends largely on the development of the hydrogen fuel-cell car, and the omens look pretty bad -but not as bad as popularly believed. This battle is
Read in AllAfrica: https://apple.news/
South Africa: PepsiCo Targets African Growth With Offer To Acquire Pioneer Foods
(Photo: Screenshot) PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (JSE: PFG) ("Pioneer Foods") for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current
Read in AllAfrica: https://apple.news/
What makes China's answer to the Nasdaq differentCNN's Sherisse Pham looks at how China's Star Market, a new board on the Shanghai stock exchange, is different from other boards, and why the new Nasdaq-style stock market got off to a spectacular start.
Read in CNN Business: https://apple.news/
US trade war negotiators likely to visit China next week for first face-to-face talk since G20, source saysUS negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are likely to fly to China next week for the first face-to-face talks since President Xi Jinping and US counterpart Donald Trump agreed to a trade war…
Read in South China Morning Post: https://apple.news/
Millions of Barrels of Iranian Oil Are Piled Up in China’s PortsTankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
Read in Bloomberg: https://apple.news/
Surprise! 8 of the World’s 25 Largest Defense Companies Are ChineseEvery year, Defense News publishes its list of the world’s 100 largest defense contractors. The publication dug up the revenue of the largest Chinese contractor and they turned out to be surprisingly large.
Read in Barron's: https://apple.news/
Chinese investment in US plummets 90 percent amid Trump trade warChinese investment in the U.S.
Read in The Hill: https://apple.news/
America needs to realise its real fight with China lies beyond economicsAmerica sees reciprocity differently from China, an official from Beijing told a group of former diplomats and foreign policy experts in New York last week. “When it comes to specific issues, you want reciprocity, but in general you want to stay on top of…
Read in South China Morning Post: https://apple.news/ArNMYw-
Cambodia Denies Report Of Deal With China For Use Of Naval BasePrime Minister Hun Sen called the report, which appeared Sunday in The Wall Street Journal, "made up news." The report cited unnamed U.S. officials.
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US-Cambodia relations approach crisis pointIf China acquires military basing rights in Cambodia, it could doom what trust remains between Phnom Penh and Washington
Read in Asia Times: https://apple.news/AAAYyL_
US Navy keeps Taiwan Strait tension highThe most recent transit, on May 22, marked the fifth such operation in 2019
Read in Asia Times: https://apple.news/Acnbi_
UK set for a new prime minister as Brexit chaos rolls on
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.
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1*Tony Blair warns Boris a no-deal Brexit 'could be catastrophic'
Tony Blair insisted the EU will dismiss any attempt to ditch the Irish border backstop, saying Mr Johnson must stop letting Nigel Farage dictate the UK's policy.
Read in Daily Mail: https://apple.news/AJ3-
Brexit news - live: Tory MPs descend into public infighting as minister resigns and poll suggests Boris Johnson will fail to win majority
A prominent minister has quit the government rather than serve under Boris Johnson, warning that Brexit had cast a "dark cloud" over the country.
Read in The Independent: https://apple.news/AOv_
Brexit May Have Already Triggered U.K. Recession, Niesr Says
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.K.’s planned exit from the European Union may have already pushed the U.K. into a technical recession, according to the National Institute of Economic and Social Research. In a gloomy set of new forecasts, Niesr predicted that, even assuming a smooth exit in October, the nation will grow 1% in 2019 and 1% in 2020. There’s an around a one-in-four chance that the economy is already shrinking,
Read in Bloomberg: https://apple.news/
EU slams Israel as homes are destroyed
Israeli troops and bulldozers target Palestinian homes in Sur Baher village, leaving hundreds homeless
Read in Asia Times: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today is Tuesday, July 23, the 204th day of 2019. There are 161 days left in the year.
How The World’s Wealthiest Obtain 'Golden Passports' To The U.K. And EU
Controversial “Golden Passport” (or visa) schemes are back under the spotlight as one leading London firm opens up on the “huge increase” in demand for its services.
Read in Forbes: https://apple.news/
These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes
These billionaires have all been declared broke or bankrupt at one point in their lives. Once some of the richest people in the world, these billionaires were all broke or declared bankruptcy at one point in their lives. Former billionaires Bernie Madoff, Allen Stanford, and Eike Batista have all served jail time for financial-related crimes, while others lost their fortunes due to other circumstances. We rounded up 10 famous billionaires who went broke or declared bankruptcy, plus the wild
Read in Business Insider: https://apple.news/
The Final Approach
Last week's U.S. retail sales data for June tops the list. The headline number showed a month-over-month rise of 0.4%.In China, second-quarter GDP growth of 6.2% was the slowest since records began 27 years ago.We haven't landed yet, but the final approach appears to be levelling out nicely.
Read in Seeking Alpha: https://apple.news/
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold steady as big rate cut bets fade, analysts eye further upside
* Gold could retest resistance at $1,439/oz -technicals
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Gold looks for direction after hitting 6-year high
Gold futures trade near unchanged Monday, in consolidation mode after hitting a six-year high last week, with prices seen underpinned by rising tensions between Iran and the West.
Read in MarketWatch: https://apple.news/
Gold Prices Fall; Central Banks Decision in Focus
Commodities Jul 23, 2019 04:28 GMT Investing.com - Gold prices fell on Tuesday in Asia as traders await decisions from multiple central banks in the next two weeks. The European Central Bank is due to meet on Thursday, which is followed by the Bank of Japan and then the U.S. Federal Reserve next week. Markets widely expect the Fed to cut rates by 25-basis-point at its July 30-31 meeting. The Fed and the ECB have begun their respective periods of avoiding public speaking and interviews ahead of
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Gold Edges up; Traders Stay Hopeful of Rate Cuts Amid Central Banks Blackout
Commodities Jul 22, 2019 18:29 GMT By Barani Krishnan Investing.com – After weeks of cues and hints on where interest rates could go, global central banks have suddenly gone off the air, leaving gold longs that plowed headlong into the market on their own to figure out trades till the crunch time comes for rates. Gold prices were up on Monday with smallish gains as the Federal Reserve and European Central Bank began their respective periods of avoiding public speaking and interviews ahead of
Read in Investing.com: https://apple.news/
Failure Comes As No Surprise In Natural Gas
Hurricane Barry led to the current sell-off.Inventory injections continue to edge lower.We will see more natural gas in storage going into the next peak season.Can the shorts push the energy commodity through $2?Let DGAZ run, for now.
Read in Seeking Alpha: https://apple.news/Ay_
Oil prices climb amid geopolitical tensions; U.K. leadership decision complicates crisis with Iran
Oil prices shoot higher on Monday as investors continue to watch tensions in the Middle East. A new prime minister in the U.K. may only complicate a growing international crisis surrounding the seizure of a U.K. tanker by Iran.
Read in MarketWatch: https://apple.news/Ajofee_oYT_
Oil off Highs as U.S. Tries to Limit Fallout From Seized U.K. Tanker
Commodities Jul 22, 2019 17:09 GMT By Barani Krishnan Investing.com - Crude futures remained higher in Monday’s early afternoon trade in New York, but the gains were much smaller than they were at the session highs after U.S. Secretary of State Mike Pompeo indicated the administration wouldn't use the seizure of the British-flagged Stena Impero tanker as a reason to escalate its standoff with Iran. U.S. West Texas Intermediate crude was up 56 cents, or 1%, at $56.32 per barrel by 1:48 PM ET (17:
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Why Copper Is a Trade War Indicator
The traditional measure of copper as an economic barometer still holds true for China, which consumed four times more copper than the United States in 2017. Market participants are always scanning every credible source of information to find that one piece of data that can change the outlook and move markets. In this context, many participants looking for the future direction of the global economy look to copper, often called by its nickname "Doctor Copper." This suggests two questions: Does
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Oil off Highs as U.S. Tries to Limit Fallout From Seized U.K. Tanker
Commodities Jul 22, 2019 17:09 GMT By Barani Krishnan Investing.com - Crude futures remained higher in Monday’s early afternoon trade in New York, but the gains were much smaller than they were at the session highs after U.S. Secretary of State Mike Pompeo indicated the administration wouldn't use the seizure of the British-flagged Stena Impero tanker as a reason to escalate its standoff with Iran. U.S. West Texas Intermediate crude was up 56 cents, or 1%, at $56.32 per barrel by 1:48 PM ET(17:
Read in Investing.com: https://apple.news/
Silver Is Finally Realizing Its Potential
After a month-long consolidation period, silver finally joins gold rally.Short covering was the impetus, but greed will soon enter the picture.Expect continued gains in silver before the latest metals rally has ended.
Read in Seeking Alpha: https://apple.news/A2TJ_
BANKS/BANKING/CREDIT
Bank of America CEO: American economy is driving our earnings
Bank of America CEO Brian Moynihan on the debt ceiling negotiations, USMCA, U.S. trade talks with China, second-quarter results and the outlook for growth.
Read in Fox News: https://apple.news/
Big banks close four times as many branches in poor areas than in rich ones
Branch closures hit the elderly and vulnerable the most in deprived regions, leaving them without easy access to cash and services
Read in Mirror Online: https://apple.news/
Big Banks vs. Big Tech: Are internet giants poised to take over the financial system?
The IMF report outlines three potential scenarios for the relationship between big tech and commercial banks; coexistence, complimentary and takeover.
Read in Global News: https://apple.news/
Deutsche Bank's CEO fretted about 'mercenary,' 'buccaneering' traders ruining the brand before saying 'The party is over!'
The Financial Times chronicled how Germany's biggest bank went about overhauling the business with a plan to slash 18,000 jobs. "Saying 'enough of it, the party is over!' required a lot of courage," one unnamed source told the newspaper. The bank had to develop a "bad bank," segregating unwanted equities and tens of billions of "deadwood" derivatives. Visit Markets Insider for more stories. In a chronicle of Deutsche Bank's demise, leading to an overhaul that will see more than 18,000 jobs gone,
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Equifax to pay up to $700M in breach settlement
The deal could be announced as early as Monday.
Read in Fox Business: https://apple.news/AQ4p1qp-
TREASURIES/BONDS/STOCKS
Wall Street rises ahead of jam-packed week of 2Q earnings
Boeing, Facebook and Tesla are among the firms poised to release financial results through June.
Read in Fox Business: https://apple.news/
Treasury yields struggle for direction as traders looks ahead to ECB meeting
Treasury yields are mostly unchanged on Monday as investors await the European Central Bank meeting later this week, with many expecting ECB President Mario Draghi to open the door to additional easing policies.
Read in MarketWatch: https://apple.news/A_j_GT_
Stocks struggle, oil jumps on Middle East tensions
European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.
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Opinion: Yep: Wall Street is now chasing the market
Fascinating new data from Bank of America shows how terrified money managers are chasing the stocks that have already gone up, in the hope of not getting fired for missing the latest rally.
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The Bond Market Is Spookier Than The Stock Market
Stocks are expensive, but bonds are even more expensive. The equity risk premium is still positive. With stocks, bonds, and real estate all at lofty valuations, this article discusses a few asset classes that still may be cheap.
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How people with a million in the market feel about stocks
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account holders are not trading as if the bull market is anywhere close to over.
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Day Ahead: Top 3 Things to Watch
Stock Markets Jul 22, 2019 20:19 GMT Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Welcome to Earnings Town There’s no doubt this week is about anything but earnings, with the sheer amount of market-moving names enough to set the tone for any market day. Ahead of trading tomorrow, there will be three Dow components weighing in. Coca-Cola (NYSE:KO) is expected by analysts to post a profit of 62 cents per share on sales of about $9.8 billion, according
Read in Investing.com: https://apple.news/A1VK_
Top 5 Things to Know in the Market on Tuesday
Economy Jul 23, 2019 09:56 GMT Investing.com - Here are the top five things you need to know in financial markets on Tuesday, July 23: 1. Trump pens deal with Congressional leaders over debt ceiling U.S. President reached a deal over the debt ceiling with congressional leaders overnight that paves the way for more government spending through at least 2021. The agreement, which still must be ratified by both chambers of Congress, would clear the path for hundreds of billions in news spending and
Read in Investing.com: https://apple.news/ASlJh63k-
CRYPTO'S / DIGITAL CURRENCY
What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers
As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin's...
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Exchange QuickBit Confirms Data Breach May Impact 300K Users
The crypto exchange left a database open on the internet and leaked data for up to 300,000 users.
Read in CoinDesk: https://apple.news/A-
Bitcoin's Catch-22 Will Keep It From Spurring a Monetary Revolution
Bitcoin may be hot now, but the future for the world's largest cryptocurrency isn't so bright.
Read in The Motley Fool: https://apple.news/A_
7 Financial Crisis Triggers That Will Boost Bitcoin Adoption
Bitcoin is increasingly being viewed as a store of value, even US politicians are now accepting this notion as investors grow increasingly wary of fiat and its propensity for devaluation. One of the biggest fears is a repeat of the global financial crisis which wiped billions off stock markets and plunged economies into turmoil. Seven Financial Crisis Triggers The next one could be closer than we think and there are a number of trigger events that may set the avalanche in motion which would lead
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Bitcoin Price Ends Longest Losing Streak Since December
Bitcoin ended its longest losing streak in seven months over the weekend, but the outlook still remains bearish.
Read in CoinDesk: https://apple.news/
CURRENCIES
Greenback Is Mostly Firmer To Start New Week, While The Euro Is Pinned Near $1.12
South Korea's trade figures for the first 20 days in July warned of continued headwinds.The ECB meeting is the main economic event in Europe this week.The economic highlight of the week is the first look at Q2 US GDP.
Read in Seeking Alpha: https://apple.news/
Forex - Dollar Pushes Higher Vs. Yen as Fed Rate Cut Expectations Wane
Forex Jul 22, 2019 07:19 GMT Investing.com - The dollar pushed higher against the yen on Monday as investors tempered expectations for an aggressive Federal Reserve interest rate cut later this month. The dollar rose 0.2% against the yen to 107.92 by 03:20 AM ET (07:20 GMT) thanks to a rise in U.S yields. The benchmark 10-year Treasury yield stretched Friday's modest gains and climbed to 2.06%. Still, the broad decline in equity markets limited the rise in safe-haven Treasury yields. "A factor
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Upside Progress In The Canadian Dollar
The USMCA will replace NAFTA after congressional approval.Lower U.S. rates spell higher levels for the Canadian dollar.The C$ reflects commodity prices.The first step in breaking a bearish price trend.FXC has upside given the trajectory of the loonie.
Read in Seeking Alpha: https://apple.news/ArUMpI_
Buy Canadian Dollars
The US dollar is going to depreciate in the future.It is a good time to buy Canadian dollars.Canadian banks are good investments.
Read in Seeking Alpha: https://apple.news/
The US dollar is going to depreciate in the future.It is a good time to buy Canadian dollars.Canadian banks are good investments.
Read in Seeking Alpha: https://apple.news/
Eurozone shock: Yanis Varoufakis reveals bombshell pound to euro exchange rate 'paradox'
YANIS VAROUFAKIS claimed the reason why the euro is valued so highly compared to the pound or US dollar is because of a “delicious paradox” which sees the Eurozone actually being on the verge of a dramatic break-up, newly-resurfaced footage reveals. This month, the pound remained weak against the majority of major currencies, including the euro, due to political uncertainty surrounding Brexit and in particular the possibility of a no-deal divorce. The pound-to-euro exchange rate recorded its
Read in Express: https://apple.news/AbINOC_
Forex - New Zealand Dollar Falls as RBNZ Considers Unconventional Policy Strategy
Forex Jul 23, 2019 03:22 GMT Investing.com - The New Zealand Dollar fell on Tuesday in Asia after the Reserve Bank of New Zealand said it had done contingency planning for unconventional monetary stimulus. The work is currently “at very early stage,” the central bank added. “The announcement shows that the N.Z. economy is no longer immune to unconventional policy,” said ANZ. “This should help take a bit of the heat out of the NZD, which has lacked much RBNZ direction of late,” it added. The NZD/
Read in Investing.com: https://apple.news/
Hedge funds go 'long' Brazilian real for first time since March
Hedge funds and otherspeculators trading U.S. futures markets are net buyers of theBrazilian real for the first time since March, according to thelatest figures from the Commodity Futures Trading Commission.
Read in Reuters: https://apple.news/
HEALTH / SCIENCE
Brexit May Have Already Triggered U.K. Recession, Niesr Says
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.K.’s planned exit from the European Union may have already pushed the U.K. into a technical recession, according to the National Institute of Economic and Social Research. In a gloomy set of new forecasts, Niesr predicted that, even assuming a smooth exit in October, the nation will grow 1% in 2019 and 1% in 2020. There’s an around a one-in-four chance that the economy is already shrinking,
Read in Bloomberg: https://apple.news/
Turning 26 Is A Potential Death Sentence For People With Type 1 Diabetes In America
Forced off their parents’ insurance and faced with high insulin prices, young adults dangerously ration, stockpile, and turn to the black market for the medication they need to stay alive.
Read in BuzzFeed News: https://apple.news/
Brexit May Have Already Triggered U.K. Recession, Niesr Says
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.K.’s planned exit from the European Union may have already pushed the U.K. into a technical recession, according to the National Institute of Economic and Social Research. In a gloomy set of new forecasts, Niesr predicted that, even assuming a smooth exit in October, the nation will grow 1% in 2019 and 1% in 2020. There’s an around a one-in-four chance that the economy is already shrinking,
Read in Bloomberg: https://apple.news/
Turning 26 Is A Potential Death Sentence For People With Type 1 Diabetes In America
Forced off their parents’ insurance and faced with high insulin prices, young adults dangerously ration, stockpile, and turn to the black market for the medication they need to stay alive.
Read in BuzzFeed News: https://apple.news/
In a review of 337,000 patient cases, this was the No. 1 most common medical error
Around 12% of preventable harm to patients is severe or leads to death, a new study finds.
Read in MarketWatch: https://apple.news/
If You're Always Tired During the Day, 2 Sleep Experts Have a Few Suggestions For You
We know the feeling: you roll over to check your phone. It's two minutes before your alarm is supposed to go off, and you haven't gotten that quality sleep you wished for before your head hit the pillow. Wondering how you can sleep more deeply? Us, too. No matter what, it seems like we could all do ...
Read in POPSUGAR: https://apple.news/
"Smart Pill" Schizophrenia Drug Unlikely To Move Payers
Without such data, the ‘smart pill’ is a gimmick that payers will not buy into – literally.
Read in Forbes: https://apple.news/AYe-y9mB-
Benefits of cutting just 300 calories per day
A new study finds that cutting just 300 calories per day could have a huge impact on your overall health. Researchers followed groups for two years and told them they could eat whatever they wanted to, but they had to restrict calories. On average, the group cut 300 calories. That’s the equivalent of about two chocolate chip cookies or about a cup of ice cream. Samantha Heller, a registered dietitian, joins "CBS This Morning" to discuss the benefits of cutting calories.
Read in CBS News: https://apple.news/
Medical chief calls for global health effort
Countries must work together to tackle global health risks, England's outgoing chief medical officer warns.
Read in BBC News: https://apple.news/
What You Should Know Before Taking Cold Medicine To Help You Sleep
Sleepless nights can totally destroy your productivity for the day ― and evenweeks ― ahead. Research shows that lack of a good night's rest is associatedwith brain fog and irritability, and over time, sleeplessness is linked withan increased risk for heart disease and diabetes, a decreased sex drive and aweakened immune system.So it's no wonder people turn to all different kinds of sleep aids whenthey've spent a night or two tossing and turning. And since sleeplessness isusually something we ...
Read in HuffPost: https://apple.news/
Georgia Man Gets Flesh-eating Infection After Dip in Gulf of Mexico
July 22, 2019 A Georgia man became infected with flesh-eating bacteria after swimming in the waters off Panama City Beach, northwest Florida. Tony Meredith began to develop flu-like symptoms around five days afterwards, which progressively worsened to the point where he decided to go to hospital, WDHN reported. He was initially diagnosed with a kidney infection, but after his leg turned purple, doctors took bacterial samples which showed Meredith had necrotizing fasciitis—a rare, potentially
Read in Newsweek: https://apple.news/
UPDATE 2-U.S. records 25 new measles cases as outbreak spreads to Ohio, Alaska
(Adds health experts comments, background, PIX available)
Read in Reuters: https://apple.news/
Millions still take aspirin for their heart without a doctor's recommendation, research suggests
It's estimated that some 6.6 million adults in the United States, aged 40 and older, without cardiovascular disease have reported using aspirin to prevent the disease and did so without a physician's recommendation, according to new research.
Read in CNN: https://apple.news/
USA / CANADA
Severe storms ushering in cooler air
Major cities in the Northeast could be impacted by severe weather today ahead of cooler air for the rest of the week. Pedram Javaheri has the forecast.
Read in CNN: https://apple.news/
Trump renews criticism of Federal Reserve, says central bank 'very misguided'
The president added that he believes interest rate costs should have been "much lower."
Read in Fox Business: https://apple.news/
US trade war negotiators likely to visit China next week for first face-to-face talk since G20, source says
US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are likely to fly to China next week for the first face-to-face talks since President Xi Jinping and US counterpart Donald Trump agreed to a trade war…
Read in South China Morning Post: https://apple.news/
The US will likely win in a 'cold currency war,' says Pimco
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.
Read in CNBC: https://apple.news/
Warren warns of ‘coming economic crash’
‘Warning lights are flashing,” the Democratic presidential candidate says.
Read in POLITICO: https://apple.news/A-
Trump renews criticism of Federal Reserve, says central bank 'very misguided'
The president added that he believes interest rate costs should have been "much lower."
Read in Fox News: https://apple.news/
Fed could worsen the next recession with a July rate cut, says Mizuho economist
Some argue the Federal Reserve risks exacerbating any coming economic slowdown by keeping interest rates excessively low.
Read in MarketWatch: https://apple.news/
11 mind-blowing facts about Canada's economy
Canada may have more petroleum reserves than the Middle East. The nation's enormous coastline - the longest in the world - contributes to its role as one of the top seafood producers. Canadian healthcare is about half the cost-per-capita of the US. And that's just a sampling. Here are 11 surprising facts about Canada's economy. Visit MarketsInsider.comfor more stories. Canada was colonized by Europeans including the French and British as early as the late 15th century and was founded as the
Read in Business Insider: https://apple.news/
EMERGING MARKETS
Brazil 2019 growth forecasts finally stop falling, 2020 rate outlook cut -survey
For the first time in nearlyfive months, economists did not cut their economic growthforecast for Brazil, a central bank survey showed on Monday,snapping a run of 20 consecutive weeks of downward revisions andindicating that the economy may have bottomed out.
Read in Reuters: https://apple.news/
Top ETFs: Growth, Chip, Brazil And Oil Funds Add To Year's Gains
Top ETFs in performance this year get their fuel from several areas, including growth-oriented computer chips, Brazil and oil stocks.
Read in Investor's Business Daily: https://apple.news/
Brazil's Bolsonaro says government may cut worker protections to boost job creation
Brazilian President Jair Bolsonaro said on Sunday that the government may look at making it less expensive for employers to fire workers, as it seeks fresh ways to stimulate a weak economy.
Read in Reuters: https://apple.news/AD8_
Market braces for Mexico's annual oil hedge, trading surges: sources
Trading in crude oil options and futures surged last week as market participants prepared for Mexico's annual oil hedging program, in which the country buys as much as $1 billion in contracts to protect its oil revenues.
Read in Reuters: https://apple.news/
EMERGING MARKETS-Latam FX tepid on smaller U.S. rate-cut bets, oil price jump caps losses
Latin American currencies were subduedon Monday in line with the broader emerging markets asexpectations of an aggressive interest rate cut by the U.S.Federal Reserve waned following an easing in China-U.S. tradetensions, but a jump in oil prices helped limit losses. The South China Morning Post reported trade negotiators fromthe United States may visit China next week for their firstin-person talks with Beijing officials since the G20 meeting atthe end of June when U.S. President Donald Trump
Read in Reuters: https://apple.news/AMBuW-
What's next for emerging markets as America continues to outperform
Ruchir Sharma, chief global strategist and head of emerging markets at Morgan Stanley Investment Management, joins CNBC's "Closing Bell" to discuss what's next for emerging markets.
Read in CNBC: https://apple.news/
EMERGING MARKETS-Latam FX muted as investors look ahead to ECB, Fed
(Updates throughout with market closings) By Sruthi Shankar July 22 (Reuters) - Latin American currencies largely heldsteady on Monday as investors awaited policy decisions in thecoming weeks from the European Central Bank and the U.S. FederalReserve for clues on the path of interest rates. Also helping risk sentiment was a South China Morning Postreport that U.S. trade negotiators might visit China next weekfor their first in-person talks with Beijing officials since theG20 meeting late last
Read in Reuters: https://apple.news/
Our 2020 Vision For The Markets
Markets will riot without a rate cut.S&P 500 discounting 10% earnings growth in 2020.Can non-U.S. economies stabilize?
Read in Seeking Alpha: https://apple.news/AyTp0NAEnS_
MIDDLE EAST
Is Afghanistan helping Iran survive US sanctions with dollar smuggling?
Is Afghanistan helping Iran survive US sanctions with dollar smuggling?
Read in TRT World: https://apple.news/
MIDEAST DEBT-Buyer beware as Gulf 'club' bonds risk eroding value
* Gulf banks still arranging bonds like club loans -sources
Read in Reuters: https://apple.news/ACWINOh-
Luckin Coffee and Kuwait's Americana Group to develop retail coffee business in Greater MidEast, India
China's Luckin Coffee Inc. said Monday it is partnering with Kuwait Food Co. Americana KSCC to develop a new retail coffee business in the Greater Middle East and India. Americana Group is the biggest integrated food product company in the Middle East, according to a joint statement. "This collaboration represents Luckin Coffee's first step toward bringing its leading products from China to the world," Luckin Founder and Chief Executive Jenny Qian Zhiya said in a statement. Luckin shares were up
Read in MarketWatch: https://apple.news/
Iran claims to arrest 17 U.S. spies but offers few details
Tehran often makes similar unverified claims, but the latest announcement comes at a time of rare peril in relations with Washington.
Read in The New York Times: https://apple.news/
Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions
Iran is squirreling away millions of barrels of oil in storage tanks at Chinese ports, avoiding a breach of US sanctions while providing its biggest buyer with a ready supply of crude. The oil has been placed in "bonded storage," Bloomberg said, meaning it hasn't cleared customs so isn't subject to sanctions. China received about 12 million barrels of Iranian oil from January through May, but only 10 million barrels cleared customs. View Markets Insider's homepage for more stories. Iran is
Read in Business Insider: https://apple.news/
AFRICA
Zimbabwe's Econet weighs drastic measures over 'untenable' power cuts
Zimbabwe's largest mobileoperator Econet Wireless said it will take "drastic measures" ifthe impacts of severe rolling blackouts cannot be resolved,adding that the power cuts had left its operation unsustainable.
Read in Reuters: https://apple.news/
Zimbabwe: Drought Leaves Millions More Vulnerable in Zimbabwe
Harare More than 5,5 million Zimbabweans are projected to be food insecure when the hunger period peaks from January through March next year. From now until the end of the current year, the drought will impact on more than 4,7 million people. This is according to the Zimbabwe Vulnerability Assessment Committee's recently-concluded Rural Livelihood Assessment. The World Food Programme (WFP) urgently requires US$173 million (R2,4 billion) to address the food shortage crisis. Zimbabwe's food
Read in AllAfrica: https://apple.news/AmGiH_
Zimbabwe: Fuel Prices Up Again
The Zimbabwe Energy Regulatory Authority (Zera) Monday announced new prices of fuel, a move that suggests government is moving towards Finance Minister Mthuli Ncube's wish to have it in line with the interbank value of US$1. According to a Zera announcement early Monday, the new price of petrol is now $7.47 from $6.10 and diesel now $7.19 up from $5.84. It is the second increase inside two weeks. Most service stations immediately adjusted their prices upwards in line with the announcement. The
Read in AllAfrica: https://apple.news/AOkH-qcZJO_
Zimbabwe: Drought Leaves Millions More Vulnerable in Zimbabwe
Harare More than 5,5 million Zimbabweans are projected to be food insecure when the hunger period peaks from January through March next year. From now until the end of the current year, the drought will impact on more than 4,7 million people. This is according to the Zimbabwe Vulnerability Assessment Committee's recently-concluded Rural Livelihood Assessment. The World Food Programme (WFP) urgently requires US$173 million (R2,4 billion) to address the food shortage crisis. Zimbabwe's food
Read in AllAfrica: https://apple.news/AmGiH_
Zimbabwe: Alrosa to Hold 70% in Diamond Venture
Leading global diamond producer, Alrosa, will hold a 70 percent controlling stake in the newly agreed joint venture with State owned Zimbabwe Consolidated Diamond Company (ZCDC), as Harare bids to boost mineral exports and reboot the sluggish economy. The coming in of Alrosa further entrenches participation and return of private players to diamond mining in...
Read in FurtherAfrica: https://apple.news/
Is Zimbabwe's economy on track?
The return of the Zimbabwean dollar has raised fears about a return to hyperinflation.
Read in BBC News: https://apple.news/
Africa could be about to benefit from dovish policy shifts in the US, experts predict
Central bankers across Africa are paying special attention to the noises coming out of the U.S. Federal Reserve as they mull impending calls on monetary policy easing.
Read in CNBC: https://apple.news/
South Africa: Hydrogen Fuel-Cell Cars Could Spell Boom or Bust for SA Platinum Industry
Effervescent multi-entrepreneur Elon Musk famously described hydrogen-powered fuel-cell cars as 'mind-bogglingly stupid'. The 200,000-plus people employed in SA's platinum mines better hope he is wrong, because if he is right, the platinum industry is destined to go the same way as SA's gold industry. The perilous future of the platinum industry depends largely on the development of the hydrogen fuel-cell car, and the omens look pretty bad -but not as bad as popularly believed. This battle is
Read in AllAfrica: https://apple.news/
South Africa: PepsiCo Targets African Growth With Offer To Acquire Pioneer Foods
(Photo: Screenshot) PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (JSE: PFG) ("Pioneer Foods") for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current
Read in AllAfrica: https://apple.news/
ASIA
What makes China's answer to the Nasdaq differentCNN's Sherisse Pham looks at how China's Star Market, a new board on the Shanghai stock exchange, is different from other boards, and why the new Nasdaq-style stock market got off to a spectacular start.
Read in CNN Business: https://apple.news/
US trade war negotiators likely to visit China next week for first face-to-face talk since G20, source saysUS negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are likely to fly to China next week for the first face-to-face talks since President Xi Jinping and US counterpart Donald Trump agreed to a trade war…
Read in South China Morning Post: https://apple.news/
Millions of Barrels of Iranian Oil Are Piled Up in China’s PortsTankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
Read in Bloomberg: https://apple.news/
Surprise! 8 of the World’s 25 Largest Defense Companies Are ChineseEvery year, Defense News publishes its list of the world’s 100 largest defense contractors. The publication dug up the revenue of the largest Chinese contractor and they turned out to be surprisingly large.
Read in Barron's: https://apple.news/
Chinese investment in US plummets 90 percent amid Trump trade warChinese investment in the U.S.
Read in The Hill: https://apple.news/
America needs to realise its real fight with China lies beyond economicsAmerica sees reciprocity differently from China, an official from Beijing told a group of former diplomats and foreign policy experts in New York last week. “When it comes to specific issues, you want reciprocity, but in general you want to stay on top of…
Read in South China Morning Post: https://apple.news/ArNMYw-
Cambodia Denies Report Of Deal With China For Use Of Naval BasePrime Minister Hun Sen called the report, which appeared Sunday in The Wall Street Journal, "made up news." The report cited unnamed U.S. officials.
Read in NPR: https://apple.news/
US-Cambodia relations approach crisis pointIf China acquires military basing rights in Cambodia, it could doom what trust remains between Phnom Penh and Washington
Read in Asia Times: https://apple.news/AAAYyL_
US Navy keeps Taiwan Strait tension highThe most recent transit, on May 22, marked the fifth such operation in 2019
Read in Asia Times: https://apple.news/Acnbi_
EUROPE
UK set for a new prime minister as Brexit chaos rolls on
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.
Read in CNBC: https://apple.news/
1*Tony Blair warns Boris a no-deal Brexit 'could be catastrophic'
Tony Blair insisted the EU will dismiss any attempt to ditch the Irish border backstop, saying Mr Johnson must stop letting Nigel Farage dictate the UK's policy.
Read in Daily Mail: https://apple.news/AJ3-
Brexit news - live: Tory MPs descend into public infighting as minister resigns and poll suggests Boris Johnson will fail to win majority
A prominent minister has quit the government rather than serve under Boris Johnson, warning that Brexit had cast a "dark cloud" over the country.
Read in The Independent: https://apple.news/AOv_
Brexit May Have Already Triggered U.K. Recession, Niesr Says
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.K.’s planned exit from the European Union may have already pushed the U.K. into a technical recession, according to the National Institute of Economic and Social Research. In a gloomy set of new forecasts, Niesr predicted that, even assuming a smooth exit in October, the nation will grow 1% in 2019 and 1% in 2020. There’s an around a one-in-four chance that the economy is already shrinking,
Read in Bloomberg: https://apple.news/
EU slams Israel as homes are destroyed
Israeli troops and bulldozers target Palestinian homes in Sur Baher village, leaving hundreds homeless
Read in Asia Times: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI for Wednesday 7/17/19 did update on the indicative rates Sell Rate 1190
The currency auction is 204,221,200
There is onenews and announcements on CBI and 2 other articles on Encyclopedia Iraq..
Contractors' entitlements for the second half
Contractors' entitlements for 2019 / second half Table (Ministry of Electricity).
July 24, 2019
Contractors' entitlements for 2019 / second half Table (Ministry of Electricity).
July 24, 2019
Contractors Due for 2019 / Second Half Table (Ministry of Electricity)
Rafidain: Submission to the predecessor of the state employees electronically and from branches of the bank exclusively
Release date: 2019/7/24 10:51 • 126 times read
{Baghdad: Al-Furat News} Rafidain Bank confirmed that the introduction to the advances of the employees of the local state departments salaries at the bank be electronically and through branches of the bank exclusively and spread in Baghdad and the provinces.
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it that "the amount of the advance granted to employees is 3, 5 and 10 million dinars."
He pointed out that "the introduction of the advances shall be electronically and through the card of the electronic employee exclusively and obtain it in a smooth and smooth flow away from patronage and nepotism in granting."
He pointed out that "the introduction of the advances shall be electronically and through the card of the electronic employee exclusively and obtain it in a smooth and smooth flow away from patronage and nepotism in granting."
The Iraqi Trade Bank is lending the Ministry 1.4 trillion dinars
Release date: 2019/7/24 10:57 • 148 times read
{Baghdad: Al-Furat News} The Iraqi Trade Bank, lending to the Ministry of Commerce announced 1.4 trillion dinars.
"The Iraqi Trade Bank will hold a press conference on Wednesday to announce the lending of 1.4 trillion dinars to the Ministry of Commerce / General Grain Trade Company for the purpose of paying farmers' benefits for the year 2019," the bank said in a statement.
The statement called on the media to attend the headquarters of the General Directorate of the bank in Al-Rasheed Street in central Baghdad
The statement called on the media to attend the headquarters of the General Directorate of the bank in Al-Rasheed Street in central Baghdad
Click on the link above for the latest update.
Value Traded:
Shares Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
7-24-2019 Newshound/Intel Guru Mnt Goat [reference Mnt Goat post 7-23-2019] This re-rating process has occurred already since 2012 over and over again when the new system was initiated. It should be obvious to everyone that there were still errors/bugs in the algorithms back then that needed fixing. Also an other problems was how to represent the Contractor rates separate from the market rates. This too is now all fixed. The rates change because they re-run the application from time to time, just as they will do when it all goes live someday. So right now, it is still in a “BETA Test” mode. They are still flushing out bugs but it is now very stable. [post 1 of 2....stay tuned]
7-23-2019 Intel/Newshound Guru sandyf For all the talk of economic growth and currency value, I find it very sobering that one(1) Chinese Yuan equals 0.15 United States Dollar. You should bear in mind a rate on its own does not mean a great deal. Denmark is about the same value as China and Norway/Sweden somewhat less. The Saudi Riyal is about 26 cents yet the Kuwait Dinar is 3.28 dollars.
7-23-2019 Newshound/Intel Guru Mnt Goat What will the actual rate be then when it goes live? The rate will be the rate at the time they trigger the reinstatement. It is as simple as that. They will simply run the algorithms again and the system will determine the new rate. This rate will be brought forward to FOREX and the rates at the bank will come LIVE. So the rate will be whatever the system happens to generate at that time. [post 2 of 2]
7-23-2019 Newshound/Intel Guru Mnt Goat What will the actual rate be then when it goes live? The rate will be the rate at the time they trigger the reinstatement. It is as simple as that. They will simply run the algorithms again and the system will determine the new rate. This rate will be brought forward to FOREX and the rates at the bank will come LIVE. So the rate will be whatever the system happens to generate at that time. [post 2 of 2]
7-23-2019 Newshound/Intel Guru Mnt Goat From everything I know and have been told as FACTUAL this...The de-facto peg will go away. The currency auctions as we know them today will end. The dinar will then be pegged to an IMF SDR basket of currencies and be rated based on the values of these five currencies along with the assets of Iraq. This process is already underway today and has been ongoing since 2012. So this is FACT not OPINION! ...Then this new rate ($3.00 - $4.00+) will be reinstated on FOREX for trading. We are already seeing the new rate coming up on bank screens under HOLD subject to becoming LIVE. The rate has fluctuated anywhere from $3.20 upwards to $4.25. So again this process is already underway. [post 1 of 2....stay tuned]
7-23-2019 Intel Guru MarkZ [via PDK] We are hearing from Asia they are pulling people in and preparing for it to go. Military sources and Iraqi sources say its anytime between now and mid August...they feel this is it now and is going to be finished this time. I personally do not think we will be waiting 3 more weeks...not with all the positive chatter from everyone involved. [So they are being KAWAITED !! They did that then...and when they said that they released the RV the next day!!] Yes when Kuwait was revalued…they took out a big ad saying they were not going to RV…then they did it that afternoon...big fake out. My Iraqi contractor friend is excited as he has been asked to compute new rates for his employees. They think the new rate is very close. At redemption centers they are working today and have been asked to cancel their vacations for the near future...this is good news for us.
7-23-2019 Newshound Guru Kaperoni ...This [International Monetary Fund] article IV consultation that took place just a couple of months ago is being created now and printed. My understanding is it said July in the press release. This is a significant item for us to review because what is it going to say? Is it going to encourage them to move to Article VIII and open up for business? Or is it going to say something we don't want to read? We won't know until we read it. You wouldn't have all these activities happening in Iraq if the financial system needed the brakes to be put on...We said a year and a half ago they are never going to go into Article VIII until they are in 2% compliance...nothing ever happened because they weren't in compliance...[They are now in compliance]...
7-23-2019 Intel Guru MarkZ [via PDK] We are hearing from Asia they are pulling people in and preparing for it to go. Military sources and Iraqi sources say its anytime between now and mid August...they feel this is it now and is going to be finished this time. I personally do not think we will be waiting 3 more weeks...not with all the positive chatter from everyone involved. [So they are being KAWAITED !! They did that then...and when they said that they released the RV the next day!!] Yes when Kuwait was revalued…they took out a big ad saying they were not going to RV…then they did it that afternoon...big fake out. My Iraqi contractor friend is excited as he has been asked to compute new rates for his employees. They think the new rate is very close. At redemption centers they are working today and have been asked to cancel their vacations for the near future...this is good news for us.
7-23-2019 Newshound Guru Kaperoni ...This [International Monetary Fund] article IV consultation that took place just a couple of months ago is being created now and printed. My understanding is it said July in the press release. This is a significant item for us to review because what is it going to say? Is it going to encourage them to move to Article VIII and open up for business? Or is it going to say something we don't want to read? We won't know until we read it. You wouldn't have all these activities happening in Iraq if the financial system needed the brakes to be put on...We said a year and a half ago they are never going to go into Article VIII until they are in 2% compliance...nothing ever happened because they weren't in compliance...[They are now in compliance]...
7-22-2019 Intel Guru RayRen98 We have been waiting to get some updates about the banking situation. I was told the 800# could come at any minute last night. Everyone is in position. I will let you know if I get the update...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)
The Cabinet holds its regular session chaired by Prime Minister Adel Abdul Mahdi
The Council of Ministers held its regular session Tuesday, July 23, 2019, chaired by the Prime Minister, Mr. Adel Abdul Mahdi.
The Council of Ministers endorsed the reports of the Republic of Iraq on the universal periodic review and the consolidated core document of the Republic of Iraq.
The Council voted to approve the customs fees for medicines, medical devices and imported medical supplies.
It was agreed to amend the first item of Article (20) of the Rules of Procedure of the Council of Ministers No. (2) of 2019.
The Council of Ministers voted to authorize the Prime Minister to approach the Council of Representatives to appoint advisers and heads of bodies.
The Cabinet also approved the authorization of the Ministry of Agriculture to announce to various companies their fertilizer requirements in the form of shipments of not less than 50 thousand tons.
Media Office of the Prime Minister
23 July 2019
*************
ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-23-2019 around 8:30 am Eastern
PM @AdilAbdAlMahdi concluded his visit to Tehran where he held discussions with President @HassanRouhani. Together, they discussed bilateral relations, regional developments and ways to defuse the current crisis.
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-23-2019 around 6:00 pm Eastern
PM @AdilAbdAlMahdi: I visited the Islamic Republic of Iran and was greeted there by President @HassanRouhani. We discussed the current crisis and I explained our vision which seeks to avoid escalation. Iraq’s position was met with a positive reaction.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-23-2019 around 6:00 pm Eastern
PM @AdilAbdAlMahdi: I had a telephone conversation with the UK Defence Secretary @PennyMordaunt. We discussed tensions in the region and ways to ensure protection for ships so these are not subject to any threats.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-23-2019 around 6:00 pm Eastern
PM @AdilAbdAlMahdi: I welcomed a group of female survivors who were abducted by Daesh. We are working hard to bring back all the survivors to their families; we will continue searching for those who are missing. We reiterate our full support to the survivors and their families.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 7-23-2019 around 6:00 pm Eastern
PM @AdilAbdAlMahdi: The second phase of Operation #WillOfVictory was launched three days ago in northern Baghdad. Our forces made further progress and operations targeting members of Daesh are still ongoing. We will not let terrorists attack our citizens.Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt7-23-2019 around 6:00 pm Easterntes ago
7PM @AdilAbdAlMahdi holds his weekly press conference in Baghdad, briefs the media on regional developments and the ongoing counter-terrorist operation.
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ARTICLE 3
Abdelmahdi reveals the content of his talks with Rohani and British Defense Secretary: We will be friends of all
2019/7/23 23:30
[Baghdad-where]
Prime Minister Adel Abdul Mahdi on Tuesday revealed the importance of his visit to Iran and his contact with British Defense Minister Benny Murdon yesterday, pointing out that Iraq will play an important role in easing the escalation in the region.
"Contact with the British Defense Secretary discussed the tension in the region, and we discussed with Rohani the issue of the detained vessels and stressed the importance of reducing the escalation," Abdul Mahdi told the weekly conference attended by Mawazine News.
"Iraq will play an important role in easing the escalation and will be a friend of all."
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ARTICLE 4
The most important decisions of the Council of Ministers in today's session
2019/7/23 22:54
[Baghdad-where]
The Cabinet approved in its regular session Tuesday the customs duties of imported medicines, medical devices and supplies, and authorized the Prime Minister to appoint consultants and heads of bodies.
"The Council held its regular session under the chairmanship of Prime Minister Adel Abdul-Mahdi, where he approved the reports of the Republic of Iraq on the Universal Periodic Review and the unified core document of the Republic of Iraq," the Information Office of the Prime Minister said in a press statement.
He added that "the Council voted to approve the customs duties of medicines, medical devices and imported medical supplies", and "approved the amendment of the first item of Article (20) of the Rules of Procedure of the Council of Ministers No. (2) for the year 2019."
He explained that "the Council of Ministers voted to authorize the Prime Minister the authority to approach the House of Representatives to appoint advisers and heads of bodies."
The Cabinet also approved the authorization of the Ministry of Agriculture to announce to various companies their fertilizer requirements in the form of shipments of not less than 50 thousand tons.
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ARTICLE 5
A parliamentary question to the Minister of Finance on the non-imposition of the territory of the import tax and the amount of collection
2019/7/23 16:05
[Baghdad-where]
A member of the Parliamentary Integrity Committee MP from the bloc of wisdom opposition Khaled al-Geshmi, a parliamentary question to the Minister of Finance Fouad Hussein on the non-imposition of the authorities of the Kurdistan region import tax on goods in its border rival other than the rest of the federal ports.
Al-Gha'mi asked the Presidency of the Council of Representatives to set a date for hosting the Minister in one of the meetings on "the amount of money transferred from the Kurdistan Regional Government to the Ministry of Finance [State Treasury] for collecting customs fees and collecting taxes for various taxes in the tax departments in the region and the measures taken by the Minister On the violation of the territorial authorities of the tax laws in respect of the import of goods entering through the ports of the region.
He pointed out that "Iraq's southern and western border crossings are committed to the implementation of laws and regulations in the collection of the tax amount before entering the goods from the border port, but the authorities of the region is not committed to that, they only committed to the customs tariff recently, while not complying with the rate of tax on goods, The economic and trade movement of the regions where the southern and western ports are located, as well as the damage to the Iraqi economy and the treasury of the state. "
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ARTICLE 6
Prime Minister reveals four ministers accused of corruption
2019/7/23 22:12
[Baghdad-where]
Prime Minister Adel Abdul-Mahdi, on Tuesday, the presence of 4 ministers accused of corruption.
"The number of criminal cases referred to the investigation offices until mid-June amounted to 1267 cases, while the number of accused referred to the judiciary 2,200 accused," Abdul Mahdi said at his weekly press conference.
He added that "among the defendants referred to the judiciary 4 ministers, while the special grades of general managers and heads of the body amounted to 123 accused of the origin of 2200, and the seizures 2061 and the seized amounts 121 billion dinars."
"The total number of cases under investigation is 4117, and the recruitment orders included 11 ministers and 176 special grades," he said
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