Saturday 8/31/19 Wots
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| Symbol | Bid | Ask | High | Low | Open | Change | Time |
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| USD/IQD | | | 1192.0000 | 1191.0000 | 1192.0000 | | 11:33 |
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| USD/CNY | | | 7.1555 | 7.1381 | 7.1435 | | 11:00 |
| USD/KWD | | | 0.3040 | 0.3030 | 0.3030 | | 11:00 |
| GBP/USD | | | 1.2224 | 1.2139 | 1.2180 | | 15:59 |
| USD/IRR | | | 42097.5000 | 42097.5000 | 42097.5000 | | 06:03 |
| USD/IDR | | | 14240.0000 | 14165.0000 | 14239.0000 | | 15:59 |
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Parliament's actions push al-Maliki to demand the post of Vice President .. Details of his contacts Saleh and Halbousi
Political 11:02 - 31/08/2019
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Baghdad - Mawazine News
State of Law coalition leader Nuri al-Maliki is seeking the post of vice president for fear of actions by parliament.
A deputy for the "Reform" coalition, "al-Maliki recently held a series of meetings and direct and indirect contacts with the President of the Republic Barham Saleh, and Parliament Speaker Mohammed Halbousi, in order to get the post of Vice President."
And that, "Maliki waved to take legal action as the position approved by the Constitution and can not be exceeded, which is his share in accordance with political agreements."
The MP stressed that "the pressure of al-Maliki came after learning of the steps of the parliament against the deputies who were not sworn in, as the subject was put forward by the Legal Committee, within the framework of reform steps in the work of parliament, which seeks to be the new legislative decisive for the files and laws outstanding."
He added that "the name of al-Maliki among the names put up with a number of other deputies at the table of parliament, and there will be decisive decisions against them, because they did not take the oath after a full year on the work of parliament."
Al-Maliki said in a press statement followed by / Mawazine News, that "despite my full support for the parliament, but I did not find it difficult to exercise my role as a parliamentarian under the circumstances experienced by the House of Representatives, which began to deviate from the context of his constitutionally defined tasks, and began to intervene in matters outside His powers such as allocating military degrees and interfering in financial affairs. "
He added that he is waiting for the decision to install him "as Vice-President of the Republic or not, before I resolve my position on the swearing-in as a deputy in the House of Representatives."
Maliki said in a previous press interview, that "the failure to appoint a vice president of the Republic is a constitutional breach because the Constitution stipulates that the president has one or more deputy.
Maliki expressed surprise at the "failure of President Barham Saleh to take a decision to send his nomination for the post to the House of Representatives for a vote, despite the fact that Saleh talked more than once about his desire to be the head of the coalition of state law Maliki first deputy."
State of Law coalition leader Nuri al-Maliki is seeking the post of vice president for fear of actions by parliament.
A deputy for the "Reform" coalition, "al-Maliki recently held a series of meetings and direct and indirect contacts with the President of the Republic Barham Saleh, and Parliament Speaker Mohammed Halbousi, in order to get the post of Vice President."
And that, "Maliki waved to take legal action as the position approved by the Constitution and can not be exceeded, which is his share in accordance with political agreements."
The MP stressed that "the pressure of al-Maliki came after learning of the steps of the parliament against the deputies who were not sworn in, as the subject was put forward by the Legal Committee, within the framework of reform steps in the work of parliament, which seeks to be the new legislative decisive for the files and laws outstanding."
He added that "the name of al-Maliki among the names put up with a number of other deputies at the table of parliament, and there will be decisive decisions against them, because they did not take the oath after a full year on the work of parliament."
Al-Maliki said in a press statement followed by / Mawazine News, that "despite my full support for the parliament, but I did not find it difficult to exercise my role as a parliamentarian under the circumstances experienced by the House of Representatives, which began to deviate from the context of his constitutionally defined tasks, and began to intervene in matters outside His powers such as allocating military degrees and interfering in financial affairs. "
He added that he is waiting for the decision to install him "as Vice-President of the Republic or not, before I resolve my position on the swearing-in as a deputy in the House of Representatives."
Maliki said in a previous press interview, that "the failure to appoint a vice president of the Republic is a constitutional breach because the Constitution stipulates that the president has one or more deputy.
Maliki expressed surprise at the "failure of President Barham Saleh to take a decision to send his nomination for the post to the House of Representatives for a vote, despite the fact that Saleh talked more than once about his desire to be the head of the coalition of state law Maliki first deputy."
Deputy accuses the Minister of Electricity of talking about fake achievements and reveal serious facts
Political 11:11 - 31/08/2019
Baghdad Mawazine News
MP Alia Nassif, on Saturday, criticized the talk of the Minister of Electricity through the media about the fictitious achievements, indicating that the production of electricity if the current 19,500 MW should be the supply hours of the current 22 hours a day because the minister announced days ago that Iraq needs 22 thousand megawatts to become hours 24 hours supply, while the supply hours are currently only 13 hours.
Nassif said in a statement received by Mawazine News that Loay Al-Khatib talked about fictitious achievements in the program (outside the box) as if he were laughing at the minds of the people and underestimating the regulators, and here the Iraqi people should see the following facts, the most important of which is the production of energy. Last year reached 17,500 megawatts and the demonstrations in Basra regarding the electricity sector stopped since the sixth month of last year, which was mainly caused by the Iranian lines stopped processing and cut them from the Iranian side, and remedied the situation the former minister to send and commissioned those who rearranged and re-produced Basra stations and the testimony of all those familiar with One W Basra. "
Nassif added: "Hundreds of megawatts have been entered from the Rumaila investment station for the investor Ali Shamara, a contract signed and implemented by former ministers and not the current minister, and entered the service by 1,000 megawatts now, in addition to entering the station of Mosul Dam by 600 megawatts due to increased water level this year. On the other hand, 1500 megawatts are imported from Iranian lines, and Iran has been careful not to decrease this year because of the blockade.
The MP pointed out that "Bismayah plant has been operated for the investor Ahmed Ismail at full capacity and produces three thousand megawatts, which means an increase of about a thousand from last year, and the current minister is not related to this increase, of course, also entered the station Qayyarah, which produces 750 megawatts, which has been signed rehabilitation contract In the time of the former minister, not the current one. "
Nassif added that the gas pipelines supplied to the plants and imported from Iran have been operating at full capacity after the gas pressure was very low during the past years, but increased due to the blockade as well, which contributed to the increase in the production of operating stations unprecedented as they were working in summer black oil, note that The contracts of these pipes, whether in the center or the south, were signed and implemented at the time of the former ministers and not the current minister. As for the administrative changes that he considers an achievement, confusion is evident by issuing orders and canceling them in a way that is closer to opening an auction for positions. The ministry is currently witnessing unprecedented corruption. Previous data. "
She continued: "We tell the preacher that your words are inaccurate and was supposed to be this summer without interruption to all areas of Iraq, especially at night with the temperature drop to 30 degrees Celsius, Vkmak fraud and laughter on the minds of people and you better not to talk about fake achievements while your achievements do not exceed zero until Now.
MP Alia Nassif, on Saturday, criticized the talk of the Minister of Electricity through the media about the fictitious achievements, indicating that the production of electricity if the current 19,500 MW should be the supply hours of the current 22 hours a day because the minister announced days ago that Iraq needs 22 thousand megawatts to become hours 24 hours supply, while the supply hours are currently only 13 hours.
Nassif said in a statement received by Mawazine News that Loay Al-Khatib talked about fictitious achievements in the program (outside the box) as if he were laughing at the minds of the people and underestimating the regulators, and here the Iraqi people should see the following facts, the most important of which is the production of energy. Last year reached 17,500 megawatts and the demonstrations in Basra regarding the electricity sector stopped since the sixth month of last year, which was mainly caused by the Iranian lines stopped processing and cut them from the Iranian side, and remedied the situation the former minister to send and commissioned those who rearranged and re-produced Basra stations and the testimony of all those familiar with One W Basra. "
Nassif added: "Hundreds of megawatts have been entered from the Rumaila investment station for the investor Ali Shamara, a contract signed and implemented by former ministers and not the current minister, and entered the service by 1,000 megawatts now, in addition to entering the station of Mosul Dam by 600 megawatts due to increased water level this year. On the other hand, 1500 megawatts are imported from Iranian lines, and Iran has been careful not to decrease this year because of the blockade.
The MP pointed out that "Bismayah plant has been operated for the investor Ahmed Ismail at full capacity and produces three thousand megawatts, which means an increase of about a thousand from last year, and the current minister is not related to this increase, of course, also entered the station Qayyarah, which produces 750 megawatts, which has been signed rehabilitation contract In the time of the former minister, not the current one. "
Nassif added that the gas pipelines supplied to the plants and imported from Iran have been operating at full capacity after the gas pressure was very low during the past years, but increased due to the blockade as well, which contributed to the increase in the production of operating stations unprecedented as they were working in summer black oil, note that The contracts of these pipes, whether in the center or the south, were signed and implemented at the time of the former ministers and not the current minister. As for the administrative changes that he considers an achievement, confusion is evident by issuing orders and canceling them in a way that is closer to opening an auction for positions. The ministry is currently witnessing unprecedented corruption. Previous data. "
She continued: "We tell the preacher that your words are inaccurate and was supposed to be this summer without interruption to all areas of Iraq, especially at night with the temperature drop to 30 degrees Celsius, Vkmak fraud and laughter on the minds of people and you better not to talk about fake achievements while your achievements do not exceed zero until Now.
Iraq and Germany discuss security coordination and exchange of experiences between the two countries
Security 10:46 - 31/08/2019
Baghdad
Interior Minister Yassin al-Yasiri on Saturday discussed with German Chancellor Per Gebauer's deputy foreign and security policy adviser security coordination and exchange of experiences between the two countries.
A statement issued by the Office of the Interior Minister received (Mawazine News), that "Yasiri received today, the delegation of the German federal government, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer, to discuss the development of bilateral relations between Iraq and Germany and in line with the foundations of security and stability.
Al-Yasiri pointed out, according to the statement, to "the importance of security cooperation and coordination and exchange of experiences between the two countries," stressing "the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
For his part, the head of the German delegation expressed his "happiness to meet with the Minister of Interior" and declared "his country's desire to strengthen joint cooperation in various fields, especially with regard to assisting refugees and displaced persons."
Baghdad
Interior Minister Yassin al-Yasiri on Saturday discussed with German Chancellor Per Gebauer's deputy foreign and security policy adviser security coordination and exchange of experiences between the two countries.
A statement issued by the Office of the Interior Minister received (Mawazine News), that "Yasiri received today, the delegation of the German federal government, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer, to discuss the development of bilateral relations between Iraq and Germany and in line with the foundations of security and stability.
Al-Yasiri pointed out, according to the statement, to "the importance of security cooperation and coordination and exchange of experiences between the two countries," stressing "the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
For his part, the head of the German delegation expressed his "happiness to meet with the Minister of Interior" and declared "his country's desire to strengthen joint cooperation in various fields, especially with regard to assisting refugees and displaced persons."
A deputy for the wisdom reveals two reasons for not declaring Kurdish political parties to reject the separation referendum
Political 10:43 - 31/08/2019
Baghdad - Mawazine News
A deputy from the opposition National Wisdom Movement, Saturday, for two reasons not to say Kurdish political parties not to approve the secession referendum at that time.
The MP for the current, Hassan Fadom, that "the referendum was a big mistake committed by the administration of the Kurdistan region," saying that "the majority of Kurdish political parties did not agree to this step."
He added that the lack of approval was due to popular pressure within the region and the fear of the masses there, noting that it was due to two reasons, fear of reactions inside Kurdistan, as well as an attempt to save the face of the presidency. .
On the official level, the member of parliament: "There were indications by the provincial government that the results of the referendum became invalid, especially after the advisory opinion of the Federal Court of Justice in this regard," recalling that "the government in Baghdad had stipulated the cancellation of the results of the referendum with all the procedures involved Ended 29/4
Iraq and Germany discuss security coordination and exchange of experiences between the two countries
Security 10:46 - 31/08/2019
Baghdad
Interior Minister Yassin al-Yasiri on Saturday discussed with German Chancellor Per Gebauer's deputy foreign and security policy adviser security coordination and exchange of experiences between the two countries.
A statement issued by the Office of the Interior Minister received (Mawazine News), that "Yasiri received today, the delegation of the German federal government, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer, to discuss the development of bilateral relations between Iraq and Germany and in line with the foundations of security and stability.
Al-Yasiri pointed out, according to the statement, to "the importance of security cooperation and coordination and exchange of experiences between the two countries," stressing "the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
For his part, the head of the German delegation expressed his "happiness to meet with the Minister of Interior" and declared "his country's desire to strengthen joint cooperation in various fields, especially with regard to assisting refugees and displaced persons."
Interior Minister Yassin al-Yasiri on Saturday discussed with German Chancellor Per Gebauer's deputy foreign and security policy adviser security coordination and exchange of experiences between the two countries.
A statement issued by the Office of the Interior Minister received (Mawazine News), that "Yasiri received today, the delegation of the German federal government, headed by Deputy Adviser for Foreign and Security Policy of German Chancellor Per Gebauer, to discuss the development of bilateral relations between Iraq and Germany and in line with the foundations of security and stability.
Al-Yasiri pointed out, according to the statement, to "the importance of security cooperation and coordination and exchange of experiences between the two countries," stressing "the need to dry up the sources of terrorism and pursue extremist ideas that threaten international peace."
For his part, the head of the German delegation expressed his "happiness to meet with the Minister of Interior" and declared "his country's desire to strengthen joint cooperation in various fields, especially with regard to assisting refugees and displaced persons."
Nassif critic of the Minister of Electricity: Your achievements do not exceed zero
Saturday, August 31, 2019 10:58 AM
Baghdad / ... MP Alia Nassif, on Saturday, criticized the Minister of Electricity Louay al-Khatib talk to the media about what she described as "fictitious achievements", hinting to say "your achievements do not exceed zero," while stressing that the amounts paid annually to the electricity sector is enough to establish a plant producing 1,000 megawatts .
Nassif said in a statement that "Al-Khatib talked about the achievements in the program (outside the box) as if laughing at the minds of people and underestimated the regulators, and here the Iraqi people to see the following facts, the most important of which is the production of energy last year reached 17,500 MW and the demonstrations in Basra Regarding the electricity sector, it stopped since the sixth month of last year, which was mainly caused by the suspension of the Iranian lines from supplying and cutting them from the Iranian side.
Nassif added, "Hundreds of megawatts have been entered from the Rumaila investment station for the investor Ali Shamara, a contract signed and executed by former ministers and not the current minister. He has entered service by 1,000 megawatts now, in addition to entering the Mosul Dam station by 600 megawatts due to increasing water levels this year. On the other hand, 1500 megawatts are imported from Iranian lines, and Iran has been careful not to lose this year because of the blockade.
Al-Yasiri directs the federal commander to transfer the martyrs of the leadership to places close to their residence
Saturday August 31, 2019
BAGHDAD / ... Interior Minister Yassin Taher al-Yasiri has issued an order to the commander of the federal police forces to transfer the families of the martyrs of the leadership of the first class of employees of the Ministry of Interior to places near their place of residence, both according to his province.
"Interior Minister Yassin Taher al-Yassiri has issued an order to the commander of the federal police forces to transfer the martyrs of the first-class commanders of the Interior Ministry to places close to their place of residence," ministry spokesman Saad Maan said in a statement.
Maan added that "the Federal Commander immediately implemented the minister's order and proceeded to issue administrative orders for transport," noting that "comes within the framework of the minister's policy of caring for the families of the martyrs of the ministry and the sacrificed groups in order to pay tribute to the blood of their children Security, stability and prosperity of Iraq and its people. "
Inspector General of the Ministry of Construction stresses the need to support efforts to remove abuses in Basra without prejudice to poor families
Friday 30 August 2019 01:28 PM
Baghdad / .. Office of the Inspector General in the Ministry of Construction, Housing and Municipalities, on Friday, support for the role of the municipality of Basra in the campaign to remove the excesses witnessed in the province in order to lift the noose on the central streets and areas of implementation of infrastructure projects.
The inspector general of the ministry, Ayman Noman, in a press statement on the need to support efforts to eliminate abuses without prejudice to poor families that the ministry is working and through communication and effective cooperation with the concerned authorities in the province of Basra to find urgent and practical solutions to end their suffering and housing in a fundamentalist and official.
Abadi: Iraq needs the current government to be serious in its work
30-08-2019
Baghdad / News:
The head of the victory coalition, Haider al-Abadi, that Iraq needs the current government to be serious in its work, noting that "so far there is a delay in many files and retreat, which requires us to evaluate the work and rectify."
Abadi's media office said in a statement received by Al-Akhbaria that he had received a number of elders of the tribe of worship in Babylon. His rule despite the great difficulties he faced and the victory over ISIS, the elimination of sectarianism, the unification of the country and the restoration of the prestige of our armed forces and foreign relations. "
Abadi pointed out that "Iraq, whose heroes wrote a real success story amazed the world needs the current government to be serious in its work and achieve the goals of its people.
The head of the victory coalition, Haider al-Abadi, that Iraq needs the current government to be serious in its work, noting that "so far there is a delay in many files and retreat, which requires us to evaluate the work and rectify."
Abadi's media office said in a statement received by Al-Akhbaria that he had received a number of elders of the tribe of worship in Babylon. His rule despite the great difficulties he faced and the victory over ISIS, the elimination of sectarianism, the unification of the country and the restoration of the prestige of our armed forces and foreign relations. "
Abadi pointed out that "Iraq, whose heroes wrote a real success story amazed the world needs the current government to be serious in its work and achieve the goals of its people.
Al-Hajj: The cuff inside the parliament is leaning toward getting US troops out
09:00 - 30/08/2019
Political analyst Kazem al-Haj warned on Friday of political differences that may lead to support for the stay of US forces inside the country, pointing out that the current trend confirms the Milan tendency to get them out of the country, especially with the support of some Kurds and Sunnis.
Al-Haj said in a statement to the information, that "the Zionist aggression on the Popular Mobilization was born mobility to some political blocs rejecting this entity and the US presence inside Iraq , where there is a national orientation with the start of the next legislative chapter to legislate a law or submit a recommendation to the Federal Court to cancel the security agreement With the American side and taking out its troops. "
He added that "there are some voices raised by those who have contact with the US embassy, pushing them towards patriotism, especially as some parties are based on the government with these forces."
He explained that "the cuff on the removal of US troops from Iraq will tend to side with the blocks rejecting the US presence, especially in the case of the work of the blocs to prevail in the national interest, as some Kurds and Sunnis support the removal of those forces."
He said that the position of the speaker or his deputies on the withdrawal of US forces will not be effective in the case of a parliamentary tendency to get those troops out of Iraq , but in the event of a disagreement between the political forces, the speaker will be in a stronger position and retain his previous opinion on keeping troops Foreigners. ” Finished 25 N Expert explains ..
How many votes the interrogator needs to dismiss the minister and the prime minister?
Political 10:41 - 30/08/2019
Baghdad - Mawazine News
The legal expert Tarek Harb, on Friday, the provisions of the Constitution on the questioning of ministers in the government and then dismiss them.
Harb said in an interview with / Mawazine News / "Interrogation is defined by the Constitution that (accountability of the minister, the prime minister and the head of the body in matters that fall within their competence and this constitutional provision to hold them accountable in matters that fall within their jurisdiction) absolute unrestricted public and not comprehensive and not fragmented and the only condition Jurisdiction The Prime Minister may not be questioned about the competence of Parliament and the Minister of Agriculture may not be asked about health affairs and so on.
He added: "The questioning language is to ask the answer to the question and questioning is a parliamentary investigation different from the judicial investigation in the courts and different from the executive investigation carried out by the investigation committees formed by the minister."
He pointed out that "the request for questioning must be submitted by a deputy with the consent of 25 members, whether the questioning addressed to the Minister or the Prime Minister, there is no difference in the number of deputies when requesting questioning, regardless of the status of who will be questioned."
He explained that "after the completion of the questioning and if the intention is to put confidence in it and withdraw confidence from it varies the number required, as required by the approval of 50 deputies for the minister and five members of parliament for the Prime Minister, ie the approval of 66 deputies, a fifth of the 329 members of the House of Representatives." .
He pointed out that "the third stage is the withdrawal of confidence, ie impeachment, the Constitution requires an absolute majority to attend the session after the quorum, if the number of deputies present 180 for example must be approved by 91 deputies being the majority of deputies present and in all cases the number required not less than 83 deputies if The meeting was held with the lowest number of 165 in order to achieve a quorum. "
He added: "As for the withdrawal of confidence from the Prime Minister, the Constitution requires the approval of a majority of the number of members of parliament and since the number of members of parliament 329 deputies must be approved by at least 165 deputies as this number more than half and constitutes the majority of the number of members."
He concluded that "if the dismissal of the minister is easy in terms of number, I think that the dismissal of the prime minister is difficult if we know that it is within the support of members of the Kurdistan Alliance and some deputies and because the approval of 165 members to dismiss him is not a few and it is difficult to collect this number."
Baghdad - Mawazine News
The legal expert Tarek Harb, on Friday, the provisions of the Constitution on the questioning of ministers in the government and then dismiss them.
Harb said in an interview with / Mawazine News / "Interrogation is defined by the Constitution that (accountability of the minister, the prime minister and the head of the body in matters that fall within their competence and this constitutional provision to hold them accountable in matters that fall within their jurisdiction) absolute unrestricted public and not comprehensive and not fragmented and the only condition Jurisdiction The Prime Minister may not be questioned about the competence of Parliament and the Minister of Agriculture may not be asked about health affairs and so on.
He added: "The questioning language is to ask the answer to the question and questioning is a parliamentary investigation different from the judicial investigation in the courts and different from the executive investigation carried out by the investigation committees formed by the minister."
He pointed out that "the request for questioning must be submitted by a deputy with the consent of 25 members, whether the questioning addressed to the Minister or the Prime Minister, there is no difference in the number of deputies when requesting questioning, regardless of the status of who will be questioned."
He explained that "after the completion of the questioning and if the intention is to put confidence in it and withdraw confidence from it varies the number required, as required by the approval of 50 deputies for the minister and five members of parliament for the Prime Minister, ie the approval of 66 deputies, a fifth of the 329 members of the House of Representatives." .
He pointed out that "the third stage is the withdrawal of confidence, ie impeachment, the Constitution requires an absolute majority to attend the session after the quorum, if the number of deputies present 180 for example must be approved by 91 deputies being the majority of deputies present and in all cases the number required not less than 83 deputies if The meeting was held with the lowest number of 165 in order to achieve a quorum. "
He added: "As for the withdrawal of confidence from the Prime Minister, the Constitution requires the approval of a majority of the number of members of parliament and since the number of members of parliament 329 deputies must be approved by at least 165 deputies as this number more than half and constitutes the majority of the number of members."
He concluded that "if the dismissal of the minister is easy in terms of number, I think that the dismissal of the prime minister is difficult if we know that it is within the support of members of the Kurdistan Alliance and some deputies and because the approval of 165 members to dismiss him is not a few and it is difficult to collect this number."
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Why private label banking apps and products are on the rise
Smartly is one of Target's many white label brands Target Business Insider Intelligence is launching its brand new Banking coverage in early September. To obtain a free preview of our Banking Briefing, please click here. Private labeling has long been a pervasive strategy in retail, where products are made by third party manufacturers and sold under a retailer's name. The cost to manufacture is often much lower than reselling another brand name, resulting in higher margins and increased revenue
Read in Business Insider: https://apple.news/AvJ7-9RS_
Saudi EXIM Bank to start operation within months
Riyadh – Mubasher: Saudi Arabia’s EXIM Bank is expected to start operating by the end of 2019 or during the first quarter of 2020, Asharq Al-Awsat reported, citing the Secretary-General of the Saudi Export Development Authority (SEDA), Saleh Al …
Read in Mubasher: https://apple.news/
Singapore to issue digital bank licenses
Move to issue up to five new digital bank licenses will add market diversity and boost the local banking system in Singapore's bid to become a digital economy, says industry regulator, which will begin reviewing applicants in August
Read in ZDNet: https://apple.news/
Australia's open banking regime: Generic product data available from 1 July
Generic product data via APIs kick off the first tranche of Australia's Consumer Data Right.
Read in ZDNet: https://apple.news/Acs2ckH-
National Bank of Canada says has agreed to take full control of ABA Bank in Cambodia
National Bank of Canada has agreed to take full control of ABA Bank in Cambodia, executives said on a conference call on Wednesday.
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Here's when you should open a brokerage account
42% of U.S. investors said they had a brokerage account in 2018, according to a survey from data research firm Hearts & Wallets, compared to 32% in 2010.
Read in CNBC: https://apple.news/A7i_
Top 5 Things to Know in the Market on FridayEconomy Aug 30, 2019 09:52 GMT Investing.com - Here are the top five things you need to know in financial markets on Friday, August 30: 1. U.S. futures point higher as trade news holds status quo U.S. futures moved higher, continuing a previous rally, as the U.S.-China trade standoff remained the major market directional driver. China’s Foreign Ministry said Friday that trade negotiating teams were maintaining effective communication at a daily news briefing in Beijing, adding no new information
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Day Ahead: Top-3 Things to WatchStock Markets Aug 29, 2019 19:30 GMT Investing.com - Here are the top-3 things that could rock markets tomorrow. 1. Inflation, Consumer Spending and Manufacturing on the Way The update on the health of the U.S. consumer and the pace of consumer prices due 8:30 AM ET (12:30 GMT) on Friday will help traders assess whether the slowdown in the global economy is beginning to seep into the U.S. economy. The Fed’s preferred inflation measure, core PCE price index, which calculates spending minus
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Treasury yields climb as fears of trade-war escalation fadeTreasury yields tick higher Thursday after moves by Beijing to de-escalate the U.S.-China trade spat sap demand for haven assets like U.S. government paper
Read in MarketWatch: https://apple.news/
Inverted Yield Curve Signals Caution, Even If Recession Remains DistantWhile recessions have historically been preceded by an inverted yield curve, the time to recession has varied widely; unprecedented central bank intervention into markets makes the timing even harder to predict this time around.It is worth questioning whether the curve has inverted because investors think the fed funds rate is too high for the path of future growth, or because investors are turning to U.S. Treasuries in a yield-starved global environment.There are still yield opportunities to be
Read in Seeking Alpha: https://apple.news/AJCV5UY-
Stocks turn higher on hopes for trade talksStock markets have turned higher on hopes for more talks next month on the trade war between the United States and China
Read in ABC News: https://apple.news/
Treasury yields climb as fears of trade-war escalation fadeTreasury yields tick higher Thursday after moves by Beijing to de-escalate the U.S.-China trade spat sap demand for haven assets like U.S. government paper
Read in MarketWatch: https://apple.news/
China's State-Backed Cryptocurrency: 'Gaining Momentum' Or 'Inaccurate Speculation'?China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent. “Inaccurate Speculation” – China Central Bank Media reports regarding China’s experiments with a CBDC
Read in Bitcoinist.net: https://apple.news/
Bitcoin Price Falls Under $9.5K as Keiser Gives Ethereum $90 TargetBitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite. Market visualization. Source: Coin360 Bitcoin price must finish week above $9,533 Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours. The turbulence began late on Wednesday, Bitcoin markets shedding $500 in minutes to completely lose support at $10,000. Selling pressure then mounted, BTC/USD putting in a local low of
Read in Cointelegraph: https://apple.news/
What Crypto Winter? $10B In Blockchain Revenue Expected By 2023In 2018, the cryptocurrency space sustained a harsh, market-wide drawdown in asset prices. Cryptocurrency prices have since recovered, and the technology underlying those crypto assets, blockchain, is expected to see billions of dollars in growth.
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Investing in Cryptocurrencies Right Now May Not Be a Bad Idea. Heres Whyby Francisco Memoria | 29 Aug 2019 More often than not we hear cryptocurrencies are an extremely risky investment that no one knows how it’ll play out. In this article we’ll look at the markets, and make a case for cryptocurrencies like bitcoin as a sound investment. Negative-Yielding Debt First, let’s take at bonds throughout the world and current interest rates, to analyze their influence on the equity markets. Earlier this month, the yield on the 30-year US Treasury Bond hit an all-time low
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Bitcoin Eyes $9K Price Support After Drop to One-Month Lows
Having dived out of a narrowing price range, bitcoin is looking weak and may end up falling to $9,000 in the next 24 hours.
Read in CoinDesk: https://apple.news/
Mnuchin says U.S. weighs ultra-long bond issuance, no plans ‘at this time’ to intervene in dollar
Treasury Secretary Steven Mnuchin said the U.S. is considering issuing ultra-long bonds and said the government wasn’t soon about to embark on a plan to weaken the U.S. dollar.
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Dollar pressured again as economic fears linger amid declines in U.S. yields
By Shinichi Saoshiro TOKYO (Reuters) – Pressure was back on the dollar on Wednesday, as nagging fears the Sino-U.S. trade war will drag on and severely hurt economic growth led to yet another slide in U.S. bond yields. The dollar index against a basket of six major currencies <.DXY> stood little changed at 98.013 after...
Read in CreaWorldNews: https://apple.news/
Weak pound holds back British domestic stocks as China eases trade fears
British stocks rose on Thursday as China eased global trade tensions but gains were held back by a weak pound.
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Like The Empire Itself, The British Pound Is Not What It Used To Be
The pound was long the symbol of Britain's economic might. The chaos surrounding Brexit, the country's 2016 decision to leave the European Union, has sent the currency falling sharply.
Read in NPR: https://apple.news/AZ-IZn_
Assessing Brexit And The Pound After Parliament Suspended
Legislative path to blocking no deal now much harder – albeit not impossible.Vote of no-confidence may be the only way to block ‘no deal.'This takes us down to the wire in October.Election + Article 50 election still marginally the most likely scenario.Forced election could suit the government.
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Watch The Chilean Peso
Chile is one of the most stable Latin American nations.Chile offers opportunities for investment.One US dollar is worth a bit more than 700 Chilean pesos.Investment in Chile can help provide diversity for portfolios.
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Sugar Suffers From The Brazilian Real
Sugar falls to the bottom end of its recent trading range.A test of 10 cents could be in the cards - open interest is too high.A repeat of 2018 could be on the horizon.Sugar needs help from the Brazilian currency.CANE is the sugar ETF product.
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Kenyan shilling weakens against the dollar
The Kenyan shilling weakened against the dollar on Thursday due to end month dollar demand from the energy and manufacturing sector, traders said. At 1033 GMT, commercial banks quoted the shilling at 103.45/65 per dollar,
Read in Reuters: https://apple.news/AqqPO--
Forex - New Zealand Dollar Down on Weak ANZ Business Confidence Indicator
Forex Aug 29, 2019 04:29 GMT Investing.com - The New Zealand dollar dropped to near four-year lows against its U.S. counterpart after data showed the ANZ Business Confidence indicator slumped to -52.3 in August. It was the weakest level since April 2008. The NZD/USD pair fell 0.4% to 0.6309 by 12:20 AM ET (04:20 GMT) following the report, lowest level since September 2015. The Aussie dollar was also hit by the weak data. The AUD/USD pair slipped 0.1% to 0.6728. Meanwhile, the U.S. dollar index
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Explainer: Can political unrest in Hong Kong break its currency peg?
By Noah Sin and Tom Westbrook HONG KONG/SINGAPORE (Reuters) – Three months of anti-government protests have thrown Hong Kong into its deepest crisis in decades, pounding the financial hub’s economy and stock market and adding to its Sino-U.S. trade war woes. The Hong Kong dollar is pegged in a narrow band around HK$7.8 per...
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IMF: China could depreciate yuan further if trade war escalates, rebuking Trump’s manipulator charge
The International Monetary Fund on Thursday found no fault with the recent weakening of the Chinese yuan, recommending that Beijing allow the currency to fall further if the trade war escalates, despite Washington branding China a “currency manipulator”…
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Forex - Safe Haven Yen Gains as Investors Remain on Edge
Forex Aug 29, 2019 07:00 GMT Investing.com - The yen rose on Thursday as concerns over the economic fallout from the escalating U.S.-China trade war and the looming prospect of a no-deal Brexit drove investors into assets perceived as less risky. The dollar slid 0.17% to 105.90 per yen by 02:44 AM ET (06:44 GMT). The Japanese currency also gained against the Australian dollar and New Zealand dollar, which hit a four-year low as business sentiment weakened. Overnight, ANZ Bank's closely-watched
Read in Investing.com: https://apple.news/
HEALTH / SCIENCE
Don’t worry, be happy: Optimists live longer than pessimists, new study finds
The most optimistic people were more likely to reach age 85 than their pessimistic peers, researchers found.
Read in The Washington Post: https://apple.news/
Health risks of vaping for youths
Juul Labs CEO Kevin Burns acknowledges that we don’t yet know the long term effects of vaping. But there are some things that we do know – and CBS News medical contributor Dr. Tara Narula joins “CBS This Morning” to explain.
Read in CBS News: https://apple.news/ArgrcKpO_
Juul offers $100 million in incentives for retailers to use its age-verification system
Juul is offering retailers $100 million in incentives to "install a new electronic age-verification system" that the vaping giant hopes will restrict illegal sales to minors, reports the Wall Street Journal.
Read in Axios: https://apple.news/Aa_
Venezuela's Starvation Crisis Is a Permanent Brain Drain
Widespread hunger is threatening to hobble the nation for decades — whoever rules it.
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Four European countries officially lose measles-free status amid disease resurgence
Four European countries previously deemed measles-free have seen a resurgence of the childhood disease, according to the World Health Organization.
Read in The Telegraph: https://apple.news/
Babies born by Caesarean ‘one third more likely to develop autism’, study finds
C-section linked to greater chance of autism spectrum disorder and ADHD in new research, but other scientists brand findings 'significantly flawed' Birth by caesarean section increase chances of autism and ADHD, according to a new study (Getty Images/iStockphoto) Babies born by Caesarean section are 33 per cent more likely to be diagnosed with autism spectrum disorder, according to a study which considered 20 million births. The findings, which combined 61 studies from 19 countries dating back
Read in The Independent: https://apple.news/
Why dermatologists say you shouldn’t rely on aftersun
Most travellers will have ‘aftersun’ as a packing list priority but dermatologists say we rely on it too much. Here's what you should do instead.
Read in Lonely Planet: https://apple.news/
Feeling burnout in the office? Here are 3 tips to help
Professionals from all types of employment backgrounds face the effects of job burnout, as it’s caused by a number of factors.
Read in Ladders: https://apple.news/
Axios Vitals: A hospital's financial power — Seniors going hungry — New antidepressant concerns
Good morning. Best wishes to Sen. Johnny Isakson, who announced yesterday that he's retiring at the end of the year because of health reasons.
Read in Axios: https://apple.news/AwGXpmQS-
US economy grew at a moderate 2% annual rate last quarter
US economy grows at moderate 2% rate in second quarter, lower than initial estimate of 2.1% GDP growth
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US growth revised lower to 2% in second quarter
The number is down from the Labor Department's original estimate of 2.1 percent.
Read in Fox News: https://apple.news/AYrwuW-
Trump may regret meddling in UK Brexit negotiations
To its great discredit, the Trump administration has been egging Johnson on to leave Europe without a deal.
Read in The Hill: https://apple.news/
Argentine bonds plumb new lows as govt eyes extending debt maturities
Argentina's international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.
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Amazon fires: Brazil bans land clearance blazes for 60 days
The 60-day ban comes as a leading environmentalist warns "the worst of the fire is yet to come".
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Emerging Markets: Capturing Structural Growth
The underlying structural growth themes of what we do were amply rewarded.What we do see is increasing emphasis on return to shareholders.We've had successful investments in education in a number of countries in the world.
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Unstable Global Economy Makes Investors Flee Emerging Markets
The World Bank reports that the pace of global economic growth reached its lowest level in three years. Large emerging markets failed to attain expected levels of international trade and investment, despite forecasted growth in these markets for 2020. Additionally, the UN Conference on Trade and Development reported a fall in overall global flows of...
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Emerging market bonds retain luster even as global growth fears intensify
Even as trade tensions show few signs of waning, investors remain optimistic about a corner of financial markets that historically has been sensitive to turning points in the global economic cycle.
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Saudi Arabia's stock exchange completes full inclusion on MSCI emerging markets index
Saudi Arabia's stock exchange, the Tadawul, has officially completed its full inclusion on the MSCI emerging markets index.
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Saudi market is more sensitive to lower rates, analyst says
Jaap Meijer, MD and head of equity at Arqaam Capital discusses the situation in emerging markets, including Saudi Arabia.
Read in CNBC: https://apple.news/
Airstrikes in Lebanon, Syria & Iraq Mark Dangerous Escalation in Decades-Long Israeli Aggression
Tensions are mounting across the Middle East following a series of Israeli airstrikes in Lebanon, Syria and Iraq. Lebanese President Michel Aoun likened the recent Israeli attacks to a “declaration of war.” Israeli drones bombed targets in Lebanon on both Monday and Tuesday. Meanwhile, some Iraqi lawmakers are calling on the United States to fully withdraw its troops following a series of Israeli air raids conducted by Israel. Israel has only claimed responsibility for an attack on Syria
Read in Democracy Now: https://apple.news/
Iraq: Group Threatens Attacks on U.S. Sites If Washington Doesn't Withdraw From Country
Iraq: Group Threatens Attacks on U.S. Sites If Washington Doesn't Withdraw From Country. A militia group calling itself "Jund al Imam al Hujja" has accused the United States of aggression in Iraq and threatened to attack U.S. sites in the country if Washington doesn't withdraw troops and civilians, Rudaw reported Aug. 27.
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UN envoy warns Mideast tensions could deal huge blow to Iraq
U.N. envoy for Iraq is warning that tensions in the Middle East could deal "a huge blow" to efforts to rebuild a stable and prosperous country following the defeat of Islamic State group extremists
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Displaced in Mosul: 300,000 living in makeshift homes
It has been two years since the Islamic State of Iraq and the Levant (ISIL or ISIS) was defeated in Iraq but more than a million people remain displaced. This includes 300,000 from the city of Mosul alone. Iraqis are not returning home because of security fears, destroyed homes and a lack of jobs. Al Jazeera's Osama Bin Javaid reports from the Jadaa camp for the displaced in Mosul.
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BAGHDAD: The Minister of Commerce, Mohammed Al-Ani, on Wednesday, during a meeting with Minister Plenipotentiary for Economic Affairs at the US Embassy to leave the blood of Iraq’s keenness to develop trade and economic relations with all countries of the world.
Iran's Zarif to Trump: Drop 'economic terrorism' before talks
Kuala Lumpur, Malaysia - Iran will not be meeting with the administration of US President Donald Trump unless Washington stops its "economic terrorism" against the Iranian people, Foreign Minister Mohammad Javad Zarif said on Thursday, during his latest diplomatic swing through Asia. "The United States is engaged in economic war against the Iranian people. It won't be possible for us to engage with US unless they stop imposing a war, engaging in economic terrorism," Zarif told reporters after
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The Israel-Iran Shadow War Escalates and Breaks Into the Open
Israel believes Iran is trying to equip its Arab allies with high-tech weapons that could overwhelm Israel’s defenses. It has been taking action to stop it.
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Iran Becomes Region’s Top Country in Biotechnology: VP
Iran’s Vice President for Science and Technology Sorena Sattari says the country has been ranked first in the region in the field of biotechnology.
Read in IFP News: https://apple.news/Axe_
Iran to speed up legal process for seized British oil tanker Stena Impero – Zarif
Iranian Foreign Minister Mohammad Javad Zarif promised to “expedite” the legal affairs with regards to the UK-flagged tanker Stena Impero which Iran seized last month amid a diplomatic row with London.
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Iran Preparing List of FDD Contributors to Be Blacklisted
Iran’s Foreign Ministry spokesman says the Ministry will soon provide relevant Iranian authorities with the first list of individuals to be sanctioned for cooperating with the anti-Iran Foundation for Defence of Democracies (FDD).
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Zimbabwe, Rwanda sign mining agreementThe Zimbabwe government, through the Ministry of Mines and Mining Development, yesterday signed a Memorandum of Understanding (MoU) with Rwanda that will see the two countries cooperating and exchanging experiences from the extractive industries to develop their respective mining sectors. Mines and Mining Development Minister Winston Chitando signed on behalf of the Government, while Rwanda’s...
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Zimbabwe: Five More Contractors for Road DualisationZaka Government has contracted five more companies to undertake the Harare-Beitbridge highway rehabilitation and its subsequent dualisation, Transport and Infrastructural Development Minister Joel Biggie Matiza has said. Addressing people at the Gutu-Kurai road ground-breaking ceremony held at Guzha Business Centre in Gutu over the weekend, Minister Matiza said roads are the arteries through which the economy pulses. He said Government, under the leadership of President Mnangagwa, valued
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Zimbabwe: Country Open for Investment - PresidentPresident Mnangagwa yesterday told the high-level Tokyo International Conference on African Development (TICAD) that his administration is committed to comprehensive economic reforms and making the country a safe destination for investment. He lauded Japan, saying the world's third largest economy had a "critical role to play for Africa's economic transformation, diversification and industrialisation". The President made the remarks while addressing a plenary session at the three-day TICAD 7
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Zimbabwe: Togarepi Wants Law to Punish 'Terrorists' Calling for SanctionsControversial Zanu-PF youth league secretary Pupurai Togarepi has called on parliament to craft a law that would make it possible for anyone calling for sanctions against the country to be prosecuted. The Gutu South MP said this in parliament on Wednesday after MDC Mutasa South MP, Tsungai Regai had suggested that Finance Minister Mthuli Ncube should come to the House of Assembly and explain how Zimbabweans can continue surviving under current increases in prices of goods and services. "We want
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Zimbabwe: Super Rich Zimra Officer Under Fire Over Unexplained Wealth
(Photo: New Zimbabwe) A former Zimbabwe Revenue Authority (Zimra) officer, Kennedy Nyatoti is in trouble after it emerged that his lifestyle did not match his earnings as a revenue officer. Prosecutor General (PG) Kumbirai Hodzi has approached the High Court seeking to have his suspected unlawfully acquired assets and wealth be forfeited to the State. It is alleged that Nyatoti was employed by Zimra for only two years but he managed to buy an expensive stand in the upmarket Mabvazuva suburbs and
Read in AllAfrica: https://apple.news/ASHR0X9X-
Recession Outlook: If China Sneezes, Could The Rest Of The World Catch A Cold?
It's worth remembering that China has been through many periods of volatility in the past 20 years alone.The big question for the Chinese economy in the short term is how the trade-off between the escalating trade war and expected Chinese stimulus evolves.We continue to cautiously wait for meaningful signs in the data that China's economy is truly stabilizing.
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Real China threat isn't trade. It's national security and intellectual property theft.
Trump's trade war and tariffs are costly and misguided. His top priorities when it comes to China should be IP theft, security, North Korea and Iran.
Read in USA TODAY: https://apple.news/
Chinese army troops arrive at PLA garrison in Hong Kong
China Central TV showed what it described was “a routine rotation” of People’s Liberation Army troops and equipment to a garrison in Hong Kong.
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Geopolitical risks are a major uncertainty: SEMI China
Lung Chu of SEMI China says export restrictions by the U.S. on firms such as Huawei may have a profound impact on the semiconductor industry and fundamentally change the global supply chain.
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China indicates it won’t retaliate now on new U.S. tariffs
China indicated that it wouldn’t immediately retaliate against the latest U.S. tariff increase announced by President Donald Trump last week, emphasizing the need to discuss ways to deescalate the trade war between the world’s two largest economies.
Read in Bloomberg: https://apple.news/
China calls for de-escalation of trade war, urges it to be solved with 'calm attitude'
Stock futures pointed higher Thursday morningon the dovish comments, paring earlier losses.
Read in Fox News: https://apple.news/Ay7-
Europe's shame at G-7
With friends like these who needs enemies.
Read in Fox News: https://apple.news/
European stocks climb as China cools trade tensions and Italy solves political crisis
European stocks lifted on Thursday as China eased trade war tensions and raised hopes of a calm resolution.
Read in MarketWatch: https://apple.news/AiJCENCfRT_
The Latest: EU's Brexit negotiator says he won't back down
The European Union's chief Brexit negotiator is warning British Prime Minister Boris Johnson he will not back down before the Oct. 31 departure date and make concessions just to break a deadlock and avoid a chaotic no-deal departure of the U.K.
Read in ABC News: https://apple.news/Aonq29A0-
As Brexit looms closer, nearly 79,000 Irish passports were issued to UK residents in the first half of 2019
Holders of an Irish passport would have the freedom to work anywhere within the 28-member union.
Read in MarketWatch: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Florida preps for Hurricane Dorian; well-known activist Joshua Wong arrested in Hong Kong; Mexico's new drug war may be worse than the old one; threat of mass shootings give rise to AI-powered cameras
Read in ABC News: https://apple.news/
Good Morning from CNN
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold steadies near six-year high, silver jumps as growth risks persist
* Platinum rises 3% to more than one-year high
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Recession fears have investors 'going to gold as a hedge,' prices are skyrocketing
Gold prices remain hot as investors seek safety amid ever-changing headlines on the U.S.-China trade war.
Read in Yahoo Finance: https://apple.news/
Speculative Money is Here and Gold Price are About to Rally
It could be 2011 all over again. Gold is going a lot higher from current levels, and the momentum in gold-backed ETF inflows offers support, this according to George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors. "If you remember the last time we had significant speculative money coming into the market was as long ago as 2011, and speculative money flows drove the price up $500 in just 9 months. I could easily see something like that happening again," Milling-Stanley
Read in TheStreet: https://apple.news/AK-
Gold may continue to outperform: Standard Chartered
Gold responds "very well" to lower bond yields and looks interesting at this point in time, says Manpreet Gill of Standard Chartered Private Bank.
Read in CNBC: https://apple.news/
Gold Prices Steady as Concerns on Recession, Trade War Linger
Commodities Aug 29, 2019 05:37 GMT Investing.com - Gold prices steadied on Thursday in Asia as equities traded lower on lingering concerns of a potential recession and developments on the Sino-U.S. trade front. Gold Futures for December delivery on the Comex division of the New York Mercantile Exchange climbed 0.2% to $1,551.35 a troy ounce by 1:20 AM ET (05:20 GMT). On Wednesday, a closely watched yield curve inverted and sparked fears of a potential recession. The inversion is often considered
Read in Investing.com: https://apple.news/
Oil Prices Trade Higher as China Calms Trade Tensions
Commodities Aug 29, 2019 11:40 GMT Investing.com - Oil prices traded higher on Thursday as China de-escalated trade tensions with Washington, confirming preparation talks for renewed trade negotiations. New York-traded West Texas Intermediate crude futures gained 42 cents, or 0.8%, to $56.20 a barrel by 7:34 AM ET (11:34 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., rose 6 cents, or 0.1%, to $59.99. China’s Commerce Ministry confirmed overnight that Beijing and
Read in Investing.com: https://apple.news/A-
Oil rises as China stokes optimism on potential trade-war easing
Oil rose, erasing earlier losses, as investors weighed a sizable drop in U.S. crude inventories amid China’s latest indication that it won’t escalate the ongoing trade war with the U.S.
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Oil Prices Fall After Surging Amid Big Drop in Crude Inventories
Commodities Aug 29, 2019 03:46 GMT Investing.com - Oil prices fell on Thursday in Asia after surging overnight amid a large fall in U.S. crude inventories. U.S. Crude Oil WTI Futures were down 0.4% to $55.58 by 11:45 PM ET (03:45 GMT). International Brent Oil Futures traded 0.6% lower to $59.56. Oil prices received support earlier in the day and gained more than 1% earlier in the day after data from the Energy Information Administration (EIA) showed inventories of U.S. crude fell by 10.03
Read in Investing.com: Oil Prices Fall After Surging Amid Big Drop in Crude Inventories — Investing.com
Soybeans As The Ultimate Risk Indicator
The US-China trade spat has taken a heavy toll on commodities (DBC), and the agricultural segment (DBA) has been hit severely.This reduction in imports has created a surplus in the US soybean market, and that has caused the soybean prices to fall at levels not since over the past decade.The future trend of Soybeans may be the ultimate risk-on/off indicator to track.
Read in Seeking Alpha: https://apple.news/
Clean Energy Legislation That Could Accelerate U.S. Renewable Growth
The future of the solar Investment Tax Credit (ITC).Two recently introduced bills offering different approaches to accelerate growth in US renewable energy.Why chances of either plan becoming law this year is uncertain.
Read in Seeking Alpha: https://apple.news/
BANKS/BANKING/CREDIT
How a credit card loan's fast and easy cash can cost you
A credit card loan provides fast money, but the cash can be costly and taking it may hurt your credit
Read in ABC News: https://apple.news/
The 8 best 'no foreign transaction fee' credit cards that will save you money on international trips
Here are the best credit cards with no foreign transaction fees in 2019: Chase Sapphire Preferred Card Chase Sapphire Reserve The Platinum Card® from American Express Gold Delta SkyMiles® Credit Card from American Express United Explorer Card Citi® /AAdvantage Platinum Select® World Elite™ Mastercard® Wells Fargo Propel American Express® card Capital One Venture Rewards Credit Card During college, a friend and I spent 10 days visiting four different countries in Europe - and since some of them
Read in Business Insider: https://apple.news/
Capital One Hacker 'Breached 30 Organizations And Mined Cryptocurrency,' Claims DOJ
DOJ says Capital One was one of 30 whose servers were raided and abused by former Amazon employee.
Read in Forbes: https://apple.news/
Why private label banking apps and products are on the rise
Smartly is one of Target's many white label brands Target Business Insider Intelligence is launching its brand new Banking coverage in early September. To obtain a free preview of our Banking Briefing, please click here. Private labeling has long been a pervasive strategy in retail, where products are made by third party manufacturers and sold under a retailer's name. The cost to manufacture is often much lower than reselling another brand name, resulting in higher margins and increased revenue
Read in Business Insider: https://apple.news/AvJ7-9RS_
Saudi EXIM Bank to start operation within months
Riyadh – Mubasher: Saudi Arabia’s EXIM Bank is expected to start operating by the end of 2019 or during the first quarter of 2020, Asharq Al-Awsat reported, citing the Secretary-General of the Saudi Export Development Authority (SEDA), Saleh Al …
Read in Mubasher: https://apple.news/
Singapore to issue digital bank licenses
Move to issue up to five new digital bank licenses will add market diversity and boost the local banking system in Singapore's bid to become a digital economy, says industry regulator, which will begin reviewing applicants in August
Read in ZDNet: https://apple.news/
Australia's open banking regime: Generic product data available from 1 July
Generic product data via APIs kick off the first tranche of Australia's Consumer Data Right.
Read in ZDNet: https://apple.news/Acs2ckH-
National Bank of Canada says has agreed to take full control of ABA Bank in Cambodia
National Bank of Canada has agreed to take full control of ABA Bank in Cambodia, executives said on a conference call on Wednesday.
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Here's when you should open a brokerage account
42% of U.S. investors said they had a brokerage account in 2018, according to a survey from data research firm Hearts & Wallets, compared to 32% in 2010.
Read in CNBC: https://apple.news/A7i_
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on FridayEconomy Aug 30, 2019 09:52 GMT Investing.com - Here are the top five things you need to know in financial markets on Friday, August 30: 1. U.S. futures point higher as trade news holds status quo U.S. futures moved higher, continuing a previous rally, as the U.S.-China trade standoff remained the major market directional driver. China’s Foreign Ministry said Friday that trade negotiating teams were maintaining effective communication at a daily news briefing in Beijing, adding no new information
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Day Ahead: Top-3 Things to WatchStock Markets Aug 29, 2019 19:30 GMT Investing.com - Here are the top-3 things that could rock markets tomorrow. 1. Inflation, Consumer Spending and Manufacturing on the Way The update on the health of the U.S. consumer and the pace of consumer prices due 8:30 AM ET (12:30 GMT) on Friday will help traders assess whether the slowdown in the global economy is beginning to seep into the U.S. economy. The Fed’s preferred inflation measure, core PCE price index, which calculates spending minus
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Treasury yields climb as fears of trade-war escalation fadeTreasury yields tick higher Thursday after moves by Beijing to de-escalate the U.S.-China trade spat sap demand for haven assets like U.S. government paper
Read in MarketWatch: https://apple.news/
Inverted Yield Curve Signals Caution, Even If Recession Remains DistantWhile recessions have historically been preceded by an inverted yield curve, the time to recession has varied widely; unprecedented central bank intervention into markets makes the timing even harder to predict this time around.It is worth questioning whether the curve has inverted because investors think the fed funds rate is too high for the path of future growth, or because investors are turning to U.S. Treasuries in a yield-starved global environment.There are still yield opportunities to be
Read in Seeking Alpha: https://apple.news/AJCV5UY-
Stocks turn higher on hopes for trade talksStock markets have turned higher on hopes for more talks next month on the trade war between the United States and China
Read in ABC News: https://apple.news/
Treasury yields climb as fears of trade-war escalation fadeTreasury yields tick higher Thursday after moves by Beijing to de-escalate the U.S.-China trade spat sap demand for haven assets like U.S. government paper
Read in MarketWatch: https://apple.news/
CRYPTO / DIGITAL CURRENCIES
China's State-Backed Cryptocurrency: 'Gaining Momentum' Or 'Inaccurate Speculation'?China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent. “Inaccurate Speculation” – China Central Bank Media reports regarding China’s experiments with a CBDC
Read in Bitcoinist.net: https://apple.news/
Bitcoin Price Falls Under $9.5K as Keiser Gives Ethereum $90 TargetBitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite. Market visualization. Source: Coin360 Bitcoin price must finish week above $9,533 Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours. The turbulence began late on Wednesday, Bitcoin markets shedding $500 in minutes to completely lose support at $10,000. Selling pressure then mounted, BTC/USD putting in a local low of
Read in Cointelegraph: https://apple.news/
What Crypto Winter? $10B In Blockchain Revenue Expected By 2023In 2018, the cryptocurrency space sustained a harsh, market-wide drawdown in asset prices. Cryptocurrency prices have since recovered, and the technology underlying those crypto assets, blockchain, is expected to see billions of dollars in growth.
Read in Forbes: https://apple.news/
Investing in Cryptocurrencies Right Now May Not Be a Bad Idea. Heres Whyby Francisco Memoria | 29 Aug 2019 More often than not we hear cryptocurrencies are an extremely risky investment that no one knows how it’ll play out. In this article we’ll look at the markets, and make a case for cryptocurrencies like bitcoin as a sound investment. Negative-Yielding Debt First, let’s take at bonds throughout the world and current interest rates, to analyze their influence on the equity markets. Earlier this month, the yield on the 30-year US Treasury Bond hit an all-time low
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Bitcoin Eyes $9K Price Support After Drop to One-Month Lows
Having dived out of a narrowing price range, bitcoin is looking weak and may end up falling to $9,000 in the next 24 hours.
Read in CoinDesk: https://apple.news/
CURRENCIES
Mnuchin says U.S. weighs ultra-long bond issuance, no plans ‘at this time’ to intervene in dollar
Treasury Secretary Steven Mnuchin said the U.S. is considering issuing ultra-long bonds and said the government wasn’t soon about to embark on a plan to weaken the U.S. dollar.
Read in MarketWatch: https://apple.news/
Dollar pressured again as economic fears linger amid declines in U.S. yields
By Shinichi Saoshiro TOKYO (Reuters) – Pressure was back on the dollar on Wednesday, as nagging fears the Sino-U.S. trade war will drag on and severely hurt economic growth led to yet another slide in U.S. bond yields. The dollar index against a basket of six major currencies <.DXY> stood little changed at 98.013 after...
Read in CreaWorldNews: https://apple.news/
Weak pound holds back British domestic stocks as China eases trade fears
British stocks rose on Thursday as China eased global trade tensions but gains were held back by a weak pound.
Read in MarketWatch: https://apple.news/
Like The Empire Itself, The British Pound Is Not What It Used To Be
The pound was long the symbol of Britain's economic might. The chaos surrounding Brexit, the country's 2016 decision to leave the European Union, has sent the currency falling sharply.
Read in NPR: https://apple.news/AZ-IZn_
Assessing Brexit And The Pound After Parliament Suspended
Legislative path to blocking no deal now much harder – albeit not impossible.Vote of no-confidence may be the only way to block ‘no deal.'This takes us down to the wire in October.Election + Article 50 election still marginally the most likely scenario.Forced election could suit the government.
Read in Seeking Alpha: https://apple.news/
Watch The Chilean Peso
Chile is one of the most stable Latin American nations.Chile offers opportunities for investment.One US dollar is worth a bit more than 700 Chilean pesos.Investment in Chile can help provide diversity for portfolios.
Read in Seeking Alpha: https://apple.news/
Sugar Suffers From The Brazilian Real
Sugar falls to the bottom end of its recent trading range.A test of 10 cents could be in the cards - open interest is too high.A repeat of 2018 could be on the horizon.Sugar needs help from the Brazilian currency.CANE is the sugar ETF product.
Read in Seeking Alpha: https://apple.news/
Kenyan shilling weakens against the dollar
The Kenyan shilling weakened against the dollar on Thursday due to end month dollar demand from the energy and manufacturing sector, traders said. At 1033 GMT, commercial banks quoted the shilling at 103.45/65 per dollar,
Read in Reuters: https://apple.news/AqqPO--
Forex - New Zealand Dollar Down on Weak ANZ Business Confidence Indicator
Forex Aug 29, 2019 04:29 GMT Investing.com - The New Zealand dollar dropped to near four-year lows against its U.S. counterpart after data showed the ANZ Business Confidence indicator slumped to -52.3 in August. It was the weakest level since April 2008. The NZD/USD pair fell 0.4% to 0.6309 by 12:20 AM ET (04:20 GMT) following the report, lowest level since September 2015. The Aussie dollar was also hit by the weak data. The AUD/USD pair slipped 0.1% to 0.6728. Meanwhile, the U.S. dollar index
Read in Investing.com: https://apple.news/
Explainer: Can political unrest in Hong Kong break its currency peg?
By Noah Sin and Tom Westbrook HONG KONG/SINGAPORE (Reuters) – Three months of anti-government protests have thrown Hong Kong into its deepest crisis in decades, pounding the financial hub’s economy and stock market and adding to its Sino-U.S. trade war woes. The Hong Kong dollar is pegged in a narrow band around HK$7.8 per...
Read in CreaWorldNews: https://apple.news/
IMF: China could depreciate yuan further if trade war escalates, rebuking Trump’s manipulator charge
The International Monetary Fund on Thursday found no fault with the recent weakening of the Chinese yuan, recommending that Beijing allow the currency to fall further if the trade war escalates, despite Washington branding China a “currency manipulator”…
Read in South China Morning Post: https://apple.news/
Forex - Safe Haven Yen Gains as Investors Remain on Edge
Forex Aug 29, 2019 07:00 GMT Investing.com - The yen rose on Thursday as concerns over the economic fallout from the escalating U.S.-China trade war and the looming prospect of a no-deal Brexit drove investors into assets perceived as less risky. The dollar slid 0.17% to 105.90 per yen by 02:44 AM ET (06:44 GMT). The Japanese currency also gained against the Australian dollar and New Zealand dollar, which hit a four-year low as business sentiment weakened. Overnight, ANZ Bank's closely-watched
Read in Investing.com: https://apple.news/
HEALTH / SCIENCE
Don’t worry, be happy: Optimists live longer than pessimists, new study finds
The most optimistic people were more likely to reach age 85 than their pessimistic peers, researchers found.
Read in The Washington Post: https://apple.news/
Health risks of vaping for youths
Juul Labs CEO Kevin Burns acknowledges that we don’t yet know the long term effects of vaping. But there are some things that we do know – and CBS News medical contributor Dr. Tara Narula joins “CBS This Morning” to explain.
Read in CBS News: https://apple.news/ArgrcKpO_
Juul offers $100 million in incentives for retailers to use its age-verification system
Juul is offering retailers $100 million in incentives to "install a new electronic age-verification system" that the vaping giant hopes will restrict illegal sales to minors, reports the Wall Street Journal.
Read in Axios: https://apple.news/Aa_
Venezuela's Starvation Crisis Is a Permanent Brain Drain
Widespread hunger is threatening to hobble the nation for decades — whoever rules it.
Read in OZY: https://apple.news/
Four European countries officially lose measles-free status amid disease resurgence
Four European countries previously deemed measles-free have seen a resurgence of the childhood disease, according to the World Health Organization.
Read in The Telegraph: https://apple.news/
Babies born by Caesarean ‘one third more likely to develop autism’, study finds
C-section linked to greater chance of autism spectrum disorder and ADHD in new research, but other scientists brand findings 'significantly flawed' Birth by caesarean section increase chances of autism and ADHD, according to a new study (Getty Images/iStockphoto) Babies born by Caesarean section are 33 per cent more likely to be diagnosed with autism spectrum disorder, according to a study which considered 20 million births. The findings, which combined 61 studies from 19 countries dating back
Read in The Independent: https://apple.news/
Why dermatologists say you shouldn’t rely on aftersun
Most travellers will have ‘aftersun’ as a packing list priority but dermatologists say we rely on it too much. Here's what you should do instead.
Read in Lonely Planet: https://apple.news/
Feeling burnout in the office? Here are 3 tips to help
Professionals from all types of employment backgrounds face the effects of job burnout, as it’s caused by a number of factors.
Read in Ladders: https://apple.news/
Axios Vitals: A hospital's financial power — Seniors going hungry — New antidepressant concerns
Good morning. Best wishes to Sen. Johnny Isakson, who announced yesterday that he's retiring at the end of the year because of health reasons.
Read in Axios: https://apple.news/AwGXpmQS-
USA / CANADA
US economy grew at a moderate 2% annual rate last quarter
US economy grows at moderate 2% rate in second quarter, lower than initial estimate of 2.1% GDP growth
Read in ABC News: https://apple.news/ARwqX_
US growth revised lower to 2% in second quarter
The number is down from the Labor Department's original estimate of 2.1 percent.
Read in Fox News: https://apple.news/AYrwuW-
Trump may regret meddling in UK Brexit negotiations
To its great discredit, the Trump administration has been egging Johnson on to leave Europe without a deal.
Read in The Hill: https://apple.news/
EMERGING MARKETS
Argentine bonds plumb new lows as govt eyes extending debt maturities
Argentina's international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.
Read in Reuters: https://apple.news/
Amazon fires: Brazil bans land clearance blazes for 60 days
The 60-day ban comes as a leading environmentalist warns "the worst of the fire is yet to come".
Read in BBC News: https://apple.news/
Emerging Markets: Capturing Structural Growth
The underlying structural growth themes of what we do were amply rewarded.What we do see is increasing emphasis on return to shareholders.We've had successful investments in education in a number of countries in the world.
Read in Seeking Alpha: https://apple.news/
Unstable Global Economy Makes Investors Flee Emerging Markets
The World Bank reports that the pace of global economic growth reached its lowest level in three years. Large emerging markets failed to attain expected levels of international trade and investment, despite forecasted growth in these markets for 2020. Additionally, the UN Conference on Trade and Development reported a fall in overall global flows of...
Read in International Policy Digest: https://apple.news/
Emerging market bonds retain luster even as global growth fears intensify
Even as trade tensions show few signs of waning, investors remain optimistic about a corner of financial markets that historically has been sensitive to turning points in the global economic cycle.
Read in MarketWatch: https://apple.news/
Saudi Arabia's stock exchange completes full inclusion on MSCI emerging markets index
Saudi Arabia's stock exchange, the Tadawul, has officially completed its full inclusion on the MSCI emerging markets index.
Read in CNBC: https://apple.news/
Saudi market is more sensitive to lower rates, analyst says
Jaap Meijer, MD and head of equity at Arqaam Capital discusses the situation in emerging markets, including Saudi Arabia.
Read in CNBC: https://apple.news/
MIDDLE EAST
Jordan and Iraq sign nuclear-energy agreement
The two countries stressed improving cooperation in all fields, including providing Iraq with medical and industrial radioactive isotopes.
Airstrikes in Lebanon, Syria & Iraq Mark Dangerous Escalation in Decades-Long Israeli Aggression
Tensions are mounting across the Middle East following a series of Israeli airstrikes in Lebanon, Syria and Iraq. Lebanese President Michel Aoun likened the recent Israeli attacks to a “declaration of war.” Israeli drones bombed targets in Lebanon on both Monday and Tuesday. Meanwhile, some Iraqi lawmakers are calling on the United States to fully withdraw its troops following a series of Israeli air raids conducted by Israel. Israel has only claimed responsibility for an attack on Syria
Read in Democracy Now: https://apple.news/
Iraq: Group Threatens Attacks on U.S. Sites If Washington Doesn't Withdraw From Country
Iraq: Group Threatens Attacks on U.S. Sites If Washington Doesn't Withdraw From Country. A militia group calling itself "Jund al Imam al Hujja" has accused the United States of aggression in Iraq and threatened to attack U.S. sites in the country if Washington doesn't withdraw troops and civilians, Rudaw reported Aug. 27.
Read in Stratfor: https://apple.news/
UN envoy warns Mideast tensions could deal huge blow to Iraq
U.N. envoy for Iraq is warning that tensions in the Middle East could deal "a huge blow" to efforts to rebuild a stable and prosperous country following the defeat of Islamic State group extremists
Read in ABC News: https://apple.news/
Displaced in Mosul: 300,000 living in makeshift homes
It has been two years since the Islamic State of Iraq and the Levant (ISIL or ISIS) was defeated in Iraq but more than a million people remain displaced. This includes 300,000 from the city of Mosul alone. Iraqis are not returning home because of security fears, destroyed homes and a lack of jobs. Al Jazeera's Osama Bin Javaid reports from the Jadaa camp for the displaced in Mosul.
Read in Al Jazeera: https://apple.news/
Putting PRESSURE on the bank to step up and revalue the dinar to stop a collapse...
IT'S CRITICAL ..THEY GOT TO REVALUE...DO OR DIE !!
Abdul Mahdi receives the World Bank Regional Director for the Middle East
2019/08/28
Baghdad Today _ Baghdad
Prime Minister Adel Abdul Mahdi received on Wednesday (28 August 2019) the World Bank's Regional Director for the Middle East Saroj Kumar.
"Prime Minister Adel Abdul Mahdi received the World Bank's Regional Director for the Middle East Saroj Kumar," Abdul Mahdi's media office said in a brief statement.
The member of the Finance Committee in Parliament, Faisal al-Issawi, has confirmed, Thursday (8 August 2019), that the country has reached the stage of economic collapse, while stressing that the real problem in the Central Bank of Iraq.
Faisal al-Issawi, during the program "viewpoint" presented by Dr. Nabil Jassem on the channel "Tigris" and followed (Baghdad today), that "Iraq has reached the stage of economic collapse," noting that "the reality is greater than the International Monetary Report."
Al-Issawi added that "the country is now in a real political and economic dilemma," stressing that "the government's actions did nothing to resolve the crisis," noting that "salaries increased by about 6 trillion dinars this year from last year."
He continued, "The policy of indifference in the collection of resources and unexplained spending caused a lot of problems in the real structure of the economy."
He stressed a member of the Finance Committee in parliament, "the real problem in the economy, is the Central Bank of Iraq," and called on Prime Minister Adel Abdul Mahdi to "pressure and amend the bank's policies to withstand the challenge of the problems of the country."[https://
Here we go...it's on for sure..RV on the horizon!!
Trade is discussing with a US official Iraq’s accession to the World Trade Organization
2019/8/28 17:46
“The Minister of Commerce Mohammed Hashim Al-Ani discussed with the Minister Plenipotentiary for Economic Affairs at the US Embassy Patrick Dam, ways to develop economic and trade relations between Iraq and America and exchange views on issues of mutual understanding,” the ministry said in a statement received.
The Minister pointed out that “during the meeting discussed the issue of Iraq’s accession to the World Trade Organization (WTO) and the steps taken by Iraq to join the organization and the most important required files related to the process of accession in accordance with the requirements of the current stage, the most important file memorandum of foreign trade policy for Iraq and a file of the preliminary presentation of goods and services and a plan file Legislative implementation and the intellectual property file, as well as the issue of facilitating the granting of business visas to both parties.
The minister stressed, “Iraq’s keenness to develop trade and economic relations with all countries of the world, especially the United States of America in the light of the government program announced by the Prime Minister and ratified by Parliament, in addition to the importance of developing and developing joint relations at all levels and seeking to open new channels of communication with Countries of the world. ”
In turn, Minister Plenipotentiary Patrick pointed to “the importance of developing relations and activating them in the economic aspect.”
He stressed, “the importance of the forum, which will be held during the next few months and includes businessmen between the two countries that Iraq has fertile ground encourages investors to enter the Iraqi market and this forum includes all economic, trade, agriculture and industry to other areas.” is over
Iran's Zarif to Trump: Drop 'economic terrorism' before talks
Kuala Lumpur, Malaysia - Iran will not be meeting with the administration of US President Donald Trump unless Washington stops its "economic terrorism" against the Iranian people, Foreign Minister Mohammad Javad Zarif said on Thursday, during his latest diplomatic swing through Asia. "The United States is engaged in economic war against the Iranian people. It won't be possible for us to engage with US unless they stop imposing a war, engaging in economic terrorism," Zarif told reporters after
Read in Al Jazeera: https://apple.news/
The Israel-Iran Shadow War Escalates and Breaks Into the Open
Israel believes Iran is trying to equip its Arab allies with high-tech weapons that could overwhelm Israel’s defenses. It has been taking action to stop it.
Read in The New York Times: https://apple.news/
Iran Becomes Region’s Top Country in Biotechnology: VP
Iran’s Vice President for Science and Technology Sorena Sattari says the country has been ranked first in the region in the field of biotechnology.
Read in IFP News: https://apple.news/Axe_
Iran to speed up legal process for seized British oil tanker Stena Impero – Zarif
Iranian Foreign Minister Mohammad Javad Zarif promised to “expedite” the legal affairs with regards to the UK-flagged tanker Stena Impero which Iran seized last month amid a diplomatic row with London.
Read in RT News: https://apple.news/
Iran Preparing List of FDD Contributors to Be Blacklisted
Iran’s Foreign Ministry spokesman says the Ministry will soon provide relevant Iranian authorities with the first list of individuals to be sanctioned for cooperating with the anti-Iran Foundation for Defence of Democracies (FDD).
Read in IFP News: https://apple.news/
AFRICA
Zimbabwe, Rwanda sign mining agreementThe Zimbabwe government, through the Ministry of Mines and Mining Development, yesterday signed a Memorandum of Understanding (MoU) with Rwanda that will see the two countries cooperating and exchanging experiences from the extractive industries to develop their respective mining sectors. Mines and Mining Development Minister Winston Chitando signed on behalf of the Government, while Rwanda’s...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Five More Contractors for Road DualisationZaka Government has contracted five more companies to undertake the Harare-Beitbridge highway rehabilitation and its subsequent dualisation, Transport and Infrastructural Development Minister Joel Biggie Matiza has said. Addressing people at the Gutu-Kurai road ground-breaking ceremony held at Guzha Business Centre in Gutu over the weekend, Minister Matiza said roads are the arteries through which the economy pulses. He said Government, under the leadership of President Mnangagwa, valued
Read in AllAfrica: https://apple.news/
Zimbabwe: Country Open for Investment - PresidentPresident Mnangagwa yesterday told the high-level Tokyo International Conference on African Development (TICAD) that his administration is committed to comprehensive economic reforms and making the country a safe destination for investment. He lauded Japan, saying the world's third largest economy had a "critical role to play for Africa's economic transformation, diversification and industrialisation". The President made the remarks while addressing a plenary session at the three-day TICAD 7
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Zimbabwe: Togarepi Wants Law to Punish 'Terrorists' Calling for SanctionsControversial Zanu-PF youth league secretary Pupurai Togarepi has called on parliament to craft a law that would make it possible for anyone calling for sanctions against the country to be prosecuted. The Gutu South MP said this in parliament on Wednesday after MDC Mutasa South MP, Tsungai Regai had suggested that Finance Minister Mthuli Ncube should come to the House of Assembly and explain how Zimbabweans can continue surviving under current increases in prices of goods and services. "We want
Read in AllAfrica: https://apple.news/
Zimbabwe: Super Rich Zimra Officer Under Fire Over Unexplained Wealth
(Photo: New Zimbabwe) A former Zimbabwe Revenue Authority (Zimra) officer, Kennedy Nyatoti is in trouble after it emerged that his lifestyle did not match his earnings as a revenue officer. Prosecutor General (PG) Kumbirai Hodzi has approached the High Court seeking to have his suspected unlawfully acquired assets and wealth be forfeited to the State. It is alleged that Nyatoti was employed by Zimra for only two years but he managed to buy an expensive stand in the upmarket Mabvazuva suburbs and
Read in AllAfrica: https://apple.news/ASHR0X9X-
ASIA
Recession Outlook: If China Sneezes, Could The Rest Of The World Catch A Cold?
It's worth remembering that China has been through many periods of volatility in the past 20 years alone.The big question for the Chinese economy in the short term is how the trade-off between the escalating trade war and expected Chinese stimulus evolves.We continue to cautiously wait for meaningful signs in the data that China's economy is truly stabilizing.
Read in Seeking Alpha: https://apple.news/
Real China threat isn't trade. It's national security and intellectual property theft.
Trump's trade war and tariffs are costly and misguided. His top priorities when it comes to China should be IP theft, security, North Korea and Iran.
Read in USA TODAY: https://apple.news/
Chinese army troops arrive at PLA garrison in Hong Kong
China Central TV showed what it described was “a routine rotation” of People’s Liberation Army troops and equipment to a garrison in Hong Kong.
Read in NBC News: https://apple.news/
Geopolitical risks are a major uncertainty: SEMI China
Lung Chu of SEMI China says export restrictions by the U.S. on firms such as Huawei may have a profound impact on the semiconductor industry and fundamentally change the global supply chain.
Read in CNBC: https://apple.news/
China indicates it won’t retaliate now on new U.S. tariffs
China indicated that it wouldn’t immediately retaliate against the latest U.S. tariff increase announced by President Donald Trump last week, emphasizing the need to discuss ways to deescalate the trade war between the world’s two largest economies.
Read in Bloomberg: https://apple.news/
China calls for de-escalation of trade war, urges it to be solved with 'calm attitude'
Stock futures pointed higher Thursday morningon the dovish comments, paring earlier losses.
Read in Fox News: https://apple.news/Ay7-
EUROPE
Europe's shame at G-7
With friends like these who needs enemies.
Read in Fox News: https://apple.news/
European stocks climb as China cools trade tensions and Italy solves political crisis
European stocks lifted on Thursday as China eased trade war tensions and raised hopes of a calm resolution.
Read in MarketWatch: https://apple.news/AiJCENCfRT_
The Latest: EU's Brexit negotiator says he won't back down
The European Union's chief Brexit negotiator is warning British Prime Minister Boris Johnson he will not back down before the Oct. 31 departure date and make concessions just to break a deadlock and avoid a chaotic no-deal departure of the U.K.
Read in ABC News: https://apple.news/Aonq29A0-
As Brexit looms closer, nearly 79,000 Irish passports were issued to UK residents in the first half of 2019
Holders of an Irish passport would have the freedom to work anywhere within the 28-member union.
Read in MarketWatch: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
Closed on Friday and Saturday
The CBI for Saturday 8/31/19 did update on the indicative rates Sell Rate 1190
The currency auction is
There are no news and announcements.
Rafidain announces residential complexes covered by 100 million dinars loans
Rafidain announces residential complexes covered by 100 million dinars loans
Saturday, August 31, 2019 11:06 AM
BAGHDAD / ... Rafidain Bank, on Saturday, announced the investment housing complexes covered by loans of 100 million for the purchase of housing units.
The bank's media office said in a statement that "the bank has identified the names of residential investment complexes covered by granting loans of 100 million dinars to employees who prefer to be from the endowment salaries with the bank and 50 million dinars for citizens to buy housing units."
The statement added that "residential investment complexes that have met all the legal conditions, which are granted loans for the purchase of housing units are (the land of Babylon residential complex in the province of Babylon - Aziz residential complex in Nasiriyah - Jabal Amel residential complex in Diwaniyah - Al Amal residential complex in Basra - Facebook Facebook logo Links on "Doha Housing Complex in Muthanna.
He called on the bank, employees wishing to grant loans of 100 million dinars and citizens who have been identified 50 million dinars for the purchase of apartments "go to those complexes to see the specifications of those apartments."
He stressed that "the coming days will be announced many housing complexes covered by loans of 100 million dinars and 50 million dinars, including the province of Baghdad, and work is underway to refer other companies once the completion of procedures and legal approvals."
Closed Friday and Saturday
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-31-2019 Newshound/Intel Guru Mnt Goat I have to tell everyone right now it appears that everything is on track to move ahead with the project to delete the zeros and launch the smaller category coins and maybe some notes too. We are about to move to the next and final stag...
8-30-2019 Newshound Guru Jeff ...the UN is seeking to get Iraq ready to become International...the UN was just in Iraq back in July. The UN is back in Iraq now...back in July...they were only there for the consultation. They weren't reviewing all of Iraq's progress. The only reason why the UN would be reviewing Iraq's progress...is because Iraq is advancing to their next stage. They're becoming international. This is huge. That's why I have brought such a large emphasis on the month of September...You have the UN in Iraq. You have Iraq telling you they're gonna finish the formation of the government. This is huge...
8-30-2019 Newshound Guru Kaperoni Iraq is a risky country. And most banks will not deal with the dinar even when they move to Article VIII. At least initially anyway. So for gurus to be talking about cashing in/rates/spreads it's all nonsense at this time. One of the reasons banks will avoid the dinar is because of its potential to be volatile. Most banks by nature are conservative and avoid these types of currencies. That is why I never really discuss the next step of cashing out/exchanging is because until the dinar is internationally convertible (Article VIII) and used in commerce there is no point. And if the dinar floats and gradually appreciates as we expect, it's a whole different process as investors may have to get involved with market makers/brokers or dealers to set up accounts. Time will tell.
8-30-2019 Intel Guru RayRen98 A BANK SOURCE HAS REPORTED A "CODE" CHANGE OCCURRED TODAY CAUSING THEM TO EXPERIENCE EXTREME EXCITEMENT! $$$$
8-30-2019 Intel Guru Frank26 ...my broker one day called me and said 'we're gonna have to limit the amount of dinars that we sell to 1 million per customer' ...The CBI said 'we're not going to sell our currency to any brokers, any dealers any money exchangers no more...and the CBI stopped selling its currency. (They only did it by selling through the auction) ...now with what...we told you yesterday Whales and sharks cannot go inside Iraq and come out with a whole bunch of dinars...they tightened up their borders and this is fantastic. And you don't do this for toilet paper currency. You don't do it for a program rate. You do it to secure your borders because you're about to have a currency that is so valuable that it's going to become a pivotal currency in the heart of the Middle East... [Reference Guru Frank26 post 8-30-2019]
8-30-2019 Newshound Guru Jeff ...keep in mind Iraq is still under UN Chapter 7 sanctions...Notice how the UN is back in Iraq over the last few days...Iraq is fulfilling its obligations to get out of Ch. 7 to become international. And notice how they're doing it in Q3. Article quote "Commitment show by Iraq in fulfilling all remaining international obligations..." This is showing you Iraq is on its way out of Ch 7 and that's why the UN is there now. This is huge...
8-30-2019 Intel Guru MarkZ We are down to crunch time if they indeed want this done before Sept. 1st. European contacts now say liquidity and release of all holds on accounts will occur over the weekend. I don’t think it’s can kicking…just logistics /coordination as Iraq says they want it done by the 1st. I hear in Iraq that the new rate will be between $3.91-$4.25. My contacts at redemption centers are on call this weekend and have been asked not to go more than 50 miles away this weekend. I think we are at the tail end of this and will see something happen Sunday and Monday.
8-30-2019 Newshound Guru Kaperoni Some might look at this IMF directive as "old news" but it's not. These directives don't change and take time to impliment. And in the case with Iraq it took them 5-6 years to accomplish. With of course the help of the IMF stepping in, in December 2015 signing an agreement to become trustee and facilitating/oversight on monetary reforms at the CBI.
8-30-2019 Newshound Guru Kaperoni Iraq is a risky country. And most banks will not deal with the dinar even when they move to Article VIII. At least initially anyway. So for gurus to be talking about cashing in/rates/spreads it's all nonsense at this time. One of the reasons banks will avoid the dinar is because of its potential to be volatile. Most banks by nature are conservative and avoid these types of currencies. That is why I never really discuss the next step of cashing out/exchanging is because until the dinar is internationally convertible (Article VIII) and used in commerce there is no point. And if the dinar floats and gradually appreciates as we expect, it's a whole different process as investors may have to get involved with market makers/brokers or dealers to set up accounts. Time will tell.
8-30-2019 Intel Guru RayRen98 A BANK SOURCE HAS REPORTED A "CODE" CHANGE OCCURRED TODAY CAUSING THEM TO EXPERIENCE EXTREME EXCITEMENT! $$$$
8-30-2019 Intel Guru Frank26 ...my broker one day called me and said 'we're gonna have to limit the amount of dinars that we sell to 1 million per customer' ...The CBI said 'we're not going to sell our currency to any brokers, any dealers any money exchangers no more...and the CBI stopped selling its currency. (They only did it by selling through the auction) ...now with what...we told you yesterday Whales and sharks cannot go inside Iraq and come out with a whole bunch of dinars...they tightened up their borders and this is fantastic. And you don't do this for toilet paper currency. You don't do it for a program rate. You do it to secure your borders because you're about to have a currency that is so valuable that it's going to become a pivotal currency in the heart of the Middle East... [Reference Guru Frank26 post 8-30-2019]
8-30-2019 Newshound Guru Jeff ...keep in mind Iraq is still under UN Chapter 7 sanctions...Notice how the UN is back in Iraq over the last few days...Iraq is fulfilling its obligations to get out of Ch. 7 to become international. And notice how they're doing it in Q3. Article quote "Commitment show by Iraq in fulfilling all remaining international obligations..." This is showing you Iraq is on its way out of Ch 7 and that's why the UN is there now. This is huge...
8-30-2019 Intel Guru MarkZ We are down to crunch time if they indeed want this done before Sept. 1st. European contacts now say liquidity and release of all holds on accounts will occur over the weekend. I don’t think it’s can kicking…just logistics /coordination as Iraq says they want it done by the 1st. I hear in Iraq that the new rate will be between $3.91-$4.25. My contacts at redemption centers are on call this weekend and have been asked not to go more than 50 miles away this weekend. I think we are at the tail end of this and will see something happen Sunday and Monday.
8-30-2019 Newshound Guru Kaperoni Some might look at this IMF directive as "old news" but it's not. These directives don't change and take time to impliment. And in the case with Iraq it took them 5-6 years to accomplish. With of course the help of the IMF stepping in, in December 2015 signing an agreement to become trustee and facilitating/oversight on monetary reforms at the CBI.
8-30-2019 Intel Guru Frank Article "Issuing a package of decision related to the entry and exit of funds across the Iraqi borders" ...today the CBI came out and said...for now on anything less than $10,000 American dollars can enter Iraq and it can leave Iraq...$10,000 to $20,000 American dollars requires documentation...anything more than 1 million IQD coming in or out of Iraq is not allowed...Is 1 million IQD equal to $20,000 American Dollars?...Is this the initial exchange rate?...that was an interesting article.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الØكومة العراقيةVerified account @IraqiGovt 8-30-2019 around 9:30 am Eastern
The Central Bank of Iraq is introducing new financing initiatives to support the growth of SMEs in all Iraqi provinces so they can play their vital role in the economic development of Iraq, the creation of new employment opportunities, and in driving innovation. #InvestIraq
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ARTICLE 3
Iraq hands over new batch of looted archives to Kuwait
Aug 28, 2019, 6:45 pm
Kuwait city (IraqiNews.com) – An Iraqi Foreign Ministry official said on Wednesday that his country handed over to Kuwait 42,000 books belonging to Kuwait National Library and Kuwait University.
These books, recently found in Iraq, were “seized” by troops of the former Iraqi regime during Kuwait’s occupation in 1990, KUNA quoted Iraqi Foreign Undersecretary Ambassador Hazem al-Yousefi as saying in a press statement to journalists on the sidelines of the delivery ceremony.
Iraqi authorities are seeking to close file of the Kuwaiti properties in Iraq before the year-end, said al-Yousefi, adding that the competent authorities were waiting for a decision in this respect by Prime Minister Adel Abdulmahdi.
Moreover, Iraq is exerting tremendous efforts to close the file of the missing Kuwaitis, the Iraqi undersecretary stated, reconfirming that the intensive efforts led to the recent discovery of the mass grave in Al-Samawa desert, containing remains of 46 human bodies; 32 of whom were recognized as deceased Kuwaitis.
Al-Yousefi has affirmed that the Iraqi government is serious about the efforts to close all pending files “caused by the former regime.”
Stressing the depth of the ties between the two brotherly countries, the Iraqi official referred to the reciprocal visits by senior officials of the two countries as a prelude to a new period of relations, joint investments and mutual cooperation.
For his part, Kuwaiti Assistant Foreign Minister for International Organizations’ Affairs Counsellor Abdulaziz Al-Jarallah confirmed that the Ministry of Foreign Affairs had received 800 boxes containing 42,000 books from the Iraqi side.
“The books belong to the national library and Kuwait University,” Al-Jarallah said, adding that he discussed with the Iraqi undersecretary the issue of Kuwaiti prisoners and missing persons as a humanitarian cause that concerns all Kuwaitis.
“The Kuwaiti government represented by the Ministry of Foreign Affairs and the Ministry of Interior Affairs would spare no effort to close this file and determine destiny of all those who have gone missing,” he confirmed.
Al-Jarallah expressed gratitude to the United Nations for sponsoring the handover, in line with the Security Council Resolution 2107 (issued in the year 2013) that partially mentions the necessity of bringing back the Kuwaiti properties, looted during the invasion
