Wednesday 8/28/19 Wots
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1192.1000 | 1191.1000 | 1192.1000 | | 07:33 |
| USD/VND | | | 23183.5700 | 23170.9200 | 23183.5700 | | 07:32 |
| USD/CNY | | | 7.1613 | 7.1612 | 7.1612 | | 19:00 |
| USD/KWD | | | 0.3030 | 0.3030 | 0.3030 | | 17:00 |
| GBP/USD | | | 1.2290 | 1.2280 | 1.2287 | | 19:09 |
| USD/IRR | | | 42097.5000 | 42097.5000 | 42097.5000 | | 06:03 |
| USD/IDR | | | 14281.0000 | 14250.0000 | 14254.0000 | | 19:07 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:ddddd
Trump's deputy calls Barzani and discusses developments in Iraq and partnership with Baghdad
12:33 - 28/08/2019 BAGHDAD - Mawazine News
US Vice President Mike Binh discussed with the President of Kurdistan Region developments in Iraq and the region and partnership with Baghdad, and stressed the importance of cooperation and coordination between the Kurdistan Region and Iraq and the existence of a joint mechanism to achieve this and with US assistance to face the resurgence of terrorism.
This came in a statement to the Presidency of the Kurdistan Region, received / Mawazine News / a copy of it, confirmed that Barzani pointed to the improvement of the Kurdistan region's relations with the Iraqi federal government, and to improve the economic situation of the Kurdistan Region, stressing the readiness of the Kurdistan region to resolve all problems with the Iraqi government through Dialogue, describing the work of the joint committees between the Kurdistan Regional Government and the Iraqi Federal Government as positive.
Nechirvan Barzani also stressed the continuation of the Kurdistan Region's policy of protecting and supporting the religious and national components of the Kurdistan Region and working to promote a culture of coexistence.He also stressed the cooperation and support of the Kurdistan Region to provide security and reconstruction of displaced areas to enable them to return to their homes.
The statement pointed out that Pines, "expressed his thanks to President Nechirvan Barzani and the Kurdistan region, stressing his country's appreciation and gratitude for the role of the Peshmerga in the fight against terrorism and the defeat of ISIS, as well as greetings to the families of martyrs and victims of terrorism. America will continue to cooperate and support the parties in solving problems and confronting terrorism, and will also help the Kurdistan region to help the displaced and the components to return them to their homes.
A senior government delegation from Baghdad is visiting Erbil today
Release date:: 2019/8/28 12:01 • 74 times read
Interior Minister Yassin al-Yasiri will head a high-level delegation from the federal government that is scheduled to visit Erbil today.
"A high-level delegation from the Interior Ministry will visit Arbil on Wednesday and will be headed by Minister Yasiri," Ahmed said.
He added that "will be discussed on the problems that still face our citizens with regard to the issue of civil status," pointing out that "the delegation's visit, especially on the work of the two ministries only."
Regarding another visit scheduled to be carried out by committees from the Kurdistan region to Baghdad, Ahmed pointed out that "Erbil is waiting for Baghdad to prepare its committees in order to seriously talk about the outstanding contentious issues." The federal government is ready to receive us. "
He added that "will be discussed on the problems that still face our citizens with regard to the issue of civil status," pointing out that "the delegation's visit, especially on the work of the two ministries only."
Regarding another visit scheduled to be carried out by committees from the Kurdistan region to Baghdad, Ahmed pointed out that "Erbil is waiting for Baghdad to prepare its committees in order to seriously talk about the outstanding contentious issues." The federal government is ready to receive us. "
Iraq Ready to Respond to Any Aggression: PM
ERBIL: Iraqi Prime Minister Adil Abdul-Mahdi said on Tuesday that Baghdad is ready to respond to any internal or external aggression on the country.
The premier further gave a briefing on the recent political and security affairs in Iraq during a cabinet meeting on Tuesday and pointed out that investigations are ongoing into the airstrikes carried out against the pro-Iranian Hashd al-Shaabi's weapon caches in Iraq, Al-Sumariyah News reported, citing a press release by the premier's office.
According to the statement, Abdul-Mahdi also stressed on follow-up preventive, as well as protective, measures for all depots in Iraq.
The Iraqi armed forces, the premier said, are ready to defend Iraq and its citizens, reaffirming that his country is ready to "respond firmly and by all means available to any aggression."
A number of airstrikes have been conducted on the militias' weapon caches in Iraq by unidentified drones, while the pro-Iranian group's leaders have accused the US and Israel of carrying out the attacks.Washington, however, has denied being involved in any attacks in Iraq, saying that it respects the country's sovereignty.
Governor of Basra discusses with the representative of the rituals Husseinieh preparations for the reception of the month of Muharram
2019/08/28 11:35:01 AM
Baghdad / Al-Ghad Press:
The head of the Supreme Security Committee in Basra, Governor Asaad Abdul Amir al-Aydani, on Tuesday, with the representative of processions and rituals Husseiniya in Basra preparations to receive the month of Muharram in the province.
Al-Eidani said in a press statement issued by his media office that he had seen "Al-Ghad Press" during a meeting held in the governorate office building that he "discussed with the secretary of the representative of the rituals Husseini and processions in Basra Munther Hamid preparations for the reception of the month of Muharram in the province."
"We also discussed coordination with security leaders in the army, police, health and other government departments to complete all the procedures related to the protection of Husseiniyeh processions, mosques and mosques and the places where the councils are held."
He pointed out that "there will be a second meeting with the rituals of Husseini and processions in Basra with the security forces in the army and police and all government and service departments for the purpose of drawing up a special plan for the establishment of those rituals." .
Deputy: favoritism beat the appointments of ministries and foreign employment raised the unemployment rate
2019/08/28 11:20:22 AM
Baghdad / Al-Ghad Press:
MP Sairon Muzaffar al-Fadl alliance on Tuesday that favoritism has overcome the appointments of most government ministries, indicating that foreign labor has raised the unemployment rate among young people.
Fadel said in a statement received "tomorrow," a copy, that "the sit-in graduates of the Faculty of Geoscience in front of the Ministry of Oil is evidence of the government away from its people," noting that "favoritism is the attribute that prevailed over the appointments of most ministries."
He added that "foreign workers are also causing increased unemployment among the ranks of young people, especially graduates," calling on "the Ministry of Oil to meet the demands of the protesters before them and find jobs for them."
Kauaihn Iraq Articles:dd
The Minister of Interior instructs to simplify the procedures of citizens' transactions and directs the speedy completion of service projects
Release date:: 2019/8/28 11:53 • 71 times read
Baghdad: Al-Furat News} Interior Minister Yassin Taher al-Yasiri, on Wednesday, instructed to simplify the procedures followed in the completion of transactions citizens.
A statement by the Information Office of the Minister of Interior that "Yasiri chaired an expanded meeting to follow up projects included within the government program in the presence of a number of security leaders and directors of departments in his office in the ministry."
He added that Al-Yasiri reviewed during the meeting the projects related to the work of the Ministry of Interior departments included in the paragraphs of the government program, listening to a detailed explanation of the percentages achieved for each directorate within the limits of its financial allocations in the current and investment budgets for 2019.
The statement quoted the Minister of Interior stressing "to redouble efforts to complete the completion of projects approved in the government program," directing to "follow the shortest path in administrative dealings between the departments of the ministry and overcome obstacles in line with the government program."
Al-Yasiri stressed, according to the statement, "the importance of field follow-up by the leaders and managers concerned for the work of officers and associates in various sectors," instructing to "simplify the procedures followed in the completion of transactions of citizens in all service and security departments and in line with the directions of his sovereignty in this matter."
Al-Yasiri called for "the need to expedite the completion of service projects, especially with regard to the maintenance of police stations in various governorates of the country and the rehabilitation of the buildings of the departments of the ministry," pointing to "the importance of achieving the highest percentage in the completion of projects listed within the government program.
"
He added that Al-Yasiri reviewed during the meeting the projects related to the work of the Ministry of Interior departments included in the paragraphs of the government program, listening to a detailed explanation of the percentages achieved for each directorate within the limits of its financial allocations in the current and investment budgets for 2019.
The statement quoted the Minister of Interior stressing "to redouble efforts to complete the completion of projects approved in the government program," directing to "follow the shortest path in administrative dealings between the departments of the ministry and overcome obstacles in line with the government program."
Al-Yasiri stressed, according to the statement, "the importance of field follow-up by the leaders and managers concerned for the work of officers and associates in various sectors," instructing to "simplify the procedures followed in the completion of transactions of citizens in all service and security departments and in line with the directions of his sovereignty in this matter."
Al-Yasiri called for "the need to expedite the completion of service projects, especially with regard to the maintenance of police stations in various governorates of the country and the rehabilitation of the buildings of the departments of the ministry," pointing to "the importance of achieving the highest percentage in the completion of projects listed within the government program.
Iraq looking to invest Saudi companies for gas and petrochemical projects
Date of edit:: 2019/8/28 10:26 • 124 times read
BAGHDAD: A senior Iraqi official put forward a list of investments in the field of petrochemicals and gas to Saudi investors.
"Discussions are underway with SABIC Basic Industries and Saudi Aramco to invest in the Nebras Petrochemicals project and develop the Akkaz gas field with a daily production of 300 million cubic feet," the official said.
In the same context, the Iraqi official confirmed the progress of talks with Saudi Aramco in the development of exploration gas fields, including the crutch field in western Iraq, which is expected to produce 300 million standard cubic feet per day.
The Undersecretary of the Iraqi Ministry of Oil Hamed al-Zobaie on the sidelines of a forum organized by the Saudi Export Development Authority and the Saudi-Iraqi trade mission confirmed coordination with SABIC to participate in the project Nebras Petrochemicals, which ranges from $ 6 billion to $ 8 billion, adding that they have seen interest from SABIC With this investment, he said that steps are accelerating in this area, after the visit of the SABIC team to Iraq recently.
He stressed the Undersecretary of the Iraqi Ministry of Oil "the importance of entering SABIC as a partner in this project with the Iraqi government as well as Shell Petrochemical Company."
Zobaie continued his talk about attracting Saudi investments that "there are fields under exploration and will be available investment system partnership or full investment," noting that "the size of Iraq's gas reserves amount to 132 trillion standard cubic feet, of which 30 per cent are non-associated gas fields for investment" .
He explained that "the Saudi-Iraqi Coordination Council has taken important steps in the development of Saudi-Iraqi relations, most notably the steps taken in the field of investments, especially in the field of oil and gas."
The Undersecretary of the Iraqi Ministry of Oil that "work is underway to put investments in the field of oil and gas in Iraq to Saudi companies, including investment in the development of gas fields, as well as investment in gas exploration in western Iraq."
In the same context, the Iraqi official confirmed the progress of talks with Saudi Aramco in the development of exploration gas fields, including the crutch field in western Iraq, which is expected to produce 300 million standard cubic feet per day.
The Undersecretary of the Iraqi Ministry of Oil Hamed al-Zobaie on the sidelines of a forum organized by the Saudi Export Development Authority and the Saudi-Iraqi trade mission confirmed coordination with SABIC to participate in the project Nebras Petrochemicals, which ranges from $ 6 billion to $ 8 billion, adding that they have seen interest from SABIC With this investment, he said that steps are accelerating in this area, after the visit of the SABIC team to Iraq recently.
He stressed the Undersecretary of the Iraqi Ministry of Oil "the importance of entering SABIC as a partner in this project with the Iraqi government as well as Shell Petrochemical Company."
Zobaie continued his talk about attracting Saudi investments that "there are fields under exploration and will be available investment system partnership or full investment," noting that "the size of Iraq's gas reserves amount to 132 trillion standard cubic feet, of which 30 per cent are non-associated gas fields for investment" .
He explained that "the Saudi-Iraqi Coordination Council has taken important steps in the development of Saudi-Iraqi relations, most notably the steps taken in the field of investments, especially in the field of oil and gas."
The Undersecretary of the Iraqi Ministry of Oil that "work is underway to put investments in the field of oil and gas in Iraq to Saudi companies, including investment in the development of gas fields, as well as investment in gas exploration in western Iraq."
Foreign Minister and his Jordanian counterpart discuss by telephone the challenges of the region
Release date:: 2019/8/28 11:42 • 78 times read
Foreign Minister Mohammed Ali al-Hakim held a telephone conversation with his Jordanian counterpart Ayman al-Safadi, during which they discussed ways to enhance bilateral cooperation and the importance of intensifying work towards opening new horizons for joint cooperation in various fields.
A statement by the Foreign Ministry received a copy of the agency (Euphrates News) a copy of it "also touched on the developments of all regional issues of common interest."
The two ministers stressed "the importance of strengthening mechanisms of solidarity and joint action in the face of various challenges in the region, and to push for political solutions that will bring security and stability."
The two ministers stressed "the importance of strengthening mechanisms of solidarity and joint action in the face of various challenges in the region, and to push for political solutions that will bring security and stability."
US confirms its commitment to the Iraqi government's decision on aviation and airspace
28-08-2019
Baghdad / News
The Deputy Commander of the International Coalition to Combat ISIS, Christopher Gika, said on Tuesday that Baghdad's decision on the flight license in Iraqi airspace will not affect the work of the coalition as it is already committed to the decision, noting that the coalition is waiting for the implementation of the Prime Minister's Diwaniya order on the popular mobilization.
"The decision of the Iraqi government on the aviation license will not affect us.
He added, `` ISIS is currently going through a period and a transitional situation, its approach seven years ago was to control territory, but now it acts as an underground insurgency cells, '' stressing that `` the international coalition will continue to support the Iraqi security forces until the end of the threat of terrorist organization. ''
"The difficulty of setting a timetable for the end of the coalition's work in Iraq, as this issue depends mainly on the capabilities of the Iraqi forces, which we provide them with support and training to defeat ISIS," he said, pointing to "Iraqi forces currently holding the border with Syria." She was trained and trained by the Coalition Forces, which provides support and advice on how to use sorties and intelligence operations to protect the area.
Karbouli and Abadi agree on the importance of reconstruction and the development of the economy and employment opportunities
28-08-2019 12:13 AM
Baghdad
The President of the Victory Alliance, Haider al-Abadi, received on Tuesday, President of the Solution Movement Jamal Karbouli.
According to a statement from the Office of Abadi received 'orbit' copy, that 'at the beginning of the meeting, Dr. Karbouli congratulated and congratulations to Dr. Abadi on his return from the Holy Land after performing the rituals of Hajj, and also discussed the general situation in the country and the region and its repercussions on Iraq and its people.
The statement added, "It was also stressed the importance of having thoughtful plans for the priorities of government action through reconstruction and development of the economy, investment, agriculture, industry, providing job opportunities and maintaining the security achievement and reflected positively on the citizen."
28-08-2019 09:34 PM
The President of the Victory Alliance, Haider al-Abadi, received on Tuesday, President of the Solution Movement Jamal Karbouli.
According to a statement from the Office of Abadi received 'orbit' copy, that 'at the beginning of the meeting, Dr. Karbouli congratulated and congratulations to Dr. Abadi on his return from the Holy Land after performing the rituals of Hajj, and also discussed the general situation in the country and the region and its repercussions on Iraq and its people.
The statement added, "It was also stressed the importance of having thoughtful plans for the priorities of government action through reconstruction and development of the economy, investment, agriculture, industry, providing job opportunities and maintaining the security achievement and reflected positively on the citizen."
Abdul-Mahdi: Iraq is ready to respond firmly and by all means to any aggression against it
28-08-2019 09:34 PM
Baghdad
Prime Minister Adel Abdul-Mahdi said Iraq is ready to respond firmly and by all means to any aggression launched from outside or inside Iraq.
Abdul Mahdi's office said in a statement received by Al-Madar that he presented a briefing to the cabinet on the latest political and security developments, and briefed the council members on the results of the ongoing investigations into the attacks on weapons stores and materiel in a number of areas. It was followed by preventive and protective measures for all stores, explaining the strategic directions and plans in dealing with potential new developments.
The statement added 'Abdul Mahdi explained the high readiness of our armed forces to defend Iraq and its citizens and state institutions and diplomatic missions operating in Iraq, stressing Iraq's readiness to respond firmly and by all means available to any aggression launched from outside or inside Iraq.'
In turn, the Council of Ministers stressed, according to the statement, that 'the sensitive situation that Iraq is going through requires acting wisely and courageous and keen on the present and the future of Iraq and its people, and requires unity of the national rank with all its political and media activities'.
The Council stressed 'the right of Iraq to take the necessary actions legally and diplomatically and through regional institutions and the Security Council and the United Nations in defense of its sovereignty and security and by all legitimate means
Prime Minister Adel Abdul-Mahdi said Iraq is ready to respond firmly and by all means to any aggression launched from outside or inside Iraq.
Abdul Mahdi's office said in a statement received by Al-Madar that he presented a briefing to the cabinet on the latest political and security developments, and briefed the council members on the results of the ongoing investigations into the attacks on weapons stores and materiel in a number of areas. It was followed by preventive and protective measures for all stores, explaining the strategic directions and plans in dealing with potential new developments.
The statement added 'Abdul Mahdi explained the high readiness of our armed forces to defend Iraq and its citizens and state institutions and diplomatic missions operating in Iraq, stressing Iraq's readiness to respond firmly and by all means available to any aggression launched from outside or inside Iraq.'
In turn, the Council of Ministers stressed, according to the statement, that 'the sensitive situation that Iraq is going through requires acting wisely and courageous and keen on the present and the future of Iraq and its people, and requires unity of the national rank with all its political and media activities'.
The Council stressed 'the right of Iraq to take the necessary actions legally and diplomatically and through regional institutions and the Security Council and the United Nations in defense of its sovereignty and security and by all legitimate means
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
Today in History
Today in History
Read in ABC News: https://apple.news/
World Trade Is Not A Zero-Sum Game
World trade is dominating the news as well as the financial markets around the globe.Negotiating trade between nations or between groups of nations is either a win-win situation or a lose-lose situation, but it is not a zero-sum game.Right now, all indications point to the latter outcome.Investors must keep up with the news and stay loose as far as their positions are concerned.
Read in Seeking Alpha: https://apple.news/
GLOBAL MARKETS-Stocks edge higher as Trump acts to ease China trade tensions
* Trump says China wants to return to negotiating table
Read in Reuters: https://apple.news/
GLOBAL MARKETS-Shares skid as trade war deepens, fuels bond rush
* Asian stock markets :
Read in Reuters: https://apple.news/
Trump’s Trade War Isn’t Just a US–China Problem
As companies explore manufacturing options outside China, the countries that stand to gain most from new business might still lose in the end.
Read in WIRED: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Judge orders Johnson & Johnson to pay $572 million in opioid lawsuit; AP: In Mississippi Delta, Catholic abuse cases settled on cheap; G-7 summit achievement: Trump declares, 'We got along great'
Read in ABC News: https://apple.news/
PRECIOUS-Gold breaches $1,550 mark for first time in over 6 years on trade jitters
* SPDR Gold holdings rose 0.6% on Friday
Read in Reuters: https://apple.news/Aja9_
Examining The Short- And Long-Term Case For Gold
I think of gold as a component of both Exter's pyramid and a different type of investment pyramid.As gold is not valued by return on investment, owning or trading it has special characteristics.This article examines and tends to favor the case that gold looks good again on multiple time frames, but also suggests that the case is a bit murky.
Read in Seeking Alpha: https://apple.news/
Why Gold Is Exploding and Actually Could Rally to $2000 or Higher
All structured portfolios need a weighting to precious metals between 3% and 5%, there but are times when investors should overweight gold. Now could very well be one of those times.
Read in 24/7 Wall St.: https://apple.news/
Posthaste: In Donald Trump's trade war, all that glitters is gold
Stuff you need to know
Read in Financial Post: https://apple.news/AfP-
Gold is a crowded trade but has potential to go further: ANZ
Daniel Hynes of ANZ discusses the outlook for the gold market and says buying the physical metal is probably the safe bet for now.
Read in CNBC: https://apple.news/
METALS-Copper ticks up as trade war fears ease
Copper prices rose on Tuesday after sentiment was boosted by signs of progress in resolving a prolonged trade war between the United States and China.
Read in Reuters: https://apple.news/
Oil bounces as U.S., China appear to scale down trade-war tensions
Oil bounces higher, reclaiming some of the ground lost in Friday’s tumble, after China and the U.S. both appeared to attempt to tamp down rising trade tensions.
Read in MarketWatch: https://apple.news/
Oil Prices Break 3-Day Losing Streak on Trump Trade Remarks
Commodities Aug 26, 2019 12:02 GMT Investing.com - U.S. crude prices turned higher overnight on Monday, breaking a three-day losing streak as U.S. President Donald Trump claimed that China was willing to restart trade negotiations. New York-traded West Texas Intermediate crude futures gained 57 cents, or 1.1%, to $55.33 a barrel by 7:51 AM ET (11:51 GMT), far from the intraday low of $52.98. Brent crude futures, the benchmark for oil prices outside the U.S., rose 44 cents, or 0.8%, to $59.24,
Read in Investing.com: https://apple.news/
Oil Prices Gain Despite Conflicting Signs on Sino-U.S. Trade War
Commodities Aug 27, 2019 03:20 GMT Investing.com - Oil prices gained on Tuesday in Asia despite conflicting signs on the Sino-U.S. trade war. U.S. Crude Oil WTI Futures gained 0.7% to $54.01 by 11:15 PM ET (03:15 GMT), while International Brent Oil Futures rose $58.48. U.S. President Donald Trump said he thinks China wants to make a deal “very badly” and that China called his trade team on Monday and said “let’s get back to the table.” “So we will be getting back to the table and I think they
Read in Investing.com: https://apple.news/
Natural Gas - It's Time To Eat Like A Bird, Not Dine Like An Elephant
Natural gas edged lower since last week.Inventories continue to trickle in.The forward curve offers value during the winter months.The current level of volatility is attractive for option premiums.GASL is a dangerous instrument, but where there is risk there is reward.
Read in Seeking Alpha: https://apple.news/
China's ExIm bank plans to sell 30 bln yuan of perpetual bonds - sources
The Export-Import Bank of China plans to sell 30 billion yuan ($4.23 billion) worth of perpetual bonds, two sources with direct knowledge of the matter said on Monday, becoming the country's first policy bank to issue such bonds.
Read in Reuters: https://apple.news/
Are Distressed Small Banks Putting China's Banking System At Risk?
In China's diverse banking system, the risky lenders are found in the third- and fourth-tier banks.For 20 of these low-tier banks, we have detected early risk indicators.We view the risks to China's banking system as under control because of three stabilizing factors.We don't see problems at the Baoshang Bank, Bank of Jinzhou or Hengfeng Bank posing a systemic risk to China's banking system.
Read in Seeking Alpha: https://apple.news/
Credit Suisse to shift focus from branches to digital banking
Credit Suisse said on Monday it would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and said it no longer needed a bigger branch network in its home market than its rivals.
Read in Reuters: https://apple.news/
Cyber attacks are only going to get worse, security experts say
An Eastern European or Russian crime gang stole account details and used them to fleece customers of millions of dollars in a phishing scam this weekend. Experts say it's going to get worse.
Read in Daily Mail: https://apple.news/
Central banks don't have capacity to 'influence the game': IMA Asia
Richard Martin of IMA Asia says central bankers can't do much in the current environment, and governments across North America and Europe are going to turn back to fiscal policy.
Read in CNBC: https://apple.news/
Japan's regulatory chief urges BOJ to consider impact of easing on banks
The Bank of Japan is responsible for deciding whether to ramp up stimulus to support the economy, but should weigh the impact its monetary policy will have on the banking sector, the country's top financial regulator said on Monday.
Read in Reuters: https://apple.news/AsHM-
Deutsche Bank and UBS reportedly talked in June about teaming up in Europe to create an investing-banking alliance
Deutsche Bank and UBS reportedly discussed forming an investment-banking alliance in June, according to the Wall Street Journal. The alliance would've combined businesses to create the largest financial institution in Germany but would've been short of a full-blown merger. After talks fell through, Deutsche Bank announced its massive restructuring plan including layoffs of 18,000. Read more on Markets Insider. Deutsche Bank and UBS Group reportedly discussed combining businesses to form an
Read in Business Insider: https://apple.news/
NEC and Partners to Create Blockchain Identity System for Buenos Aires
A new partnership between a development bank, an NGO and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires. IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced their signing of a Memorandum of Understanding (MoU) to pursue the project on Aug. 26. Using blockchain to tackle the poverty penalty As NEC’s news
Read in Cointelegraph: https://apple.news/
Mohamed El-Erian warns that a ceasefire 'best we could hope' in China trade warEconomist Mohamed El-Erian says he's becoming more and more pessimistic that the U.S. and China can reach a deal to end their trade war.
Read in CNBC: https://apple.news/
Top 5 Things to Know in the Market on TuesdayEconomy Aug 27, 2019 09:36 GMT Investing.com - Here are the top five things you need to know in financial markets on Tuesday, August 27: 1. U.S. futures give back some gains U.S. futures pointed to a slightly lower open on Tuesday in a sign of profit-taking as markets awaited further developments in Sino-U.S. trade. China's Foreign Ministry repeated declarations that it had not heard of any recent telephone call on trade and urged the U.S. to create conditions for talks. The fact that Washington
Read in Investing.com: https://apple.news/
The Dow Is Rising Because Trump Said China Wants to Talk TradeTrump said that China wants to start negotiating again, though it’s not clear if there’s an actual opening for a deal.
Read in Barron's: https://apple.news/AoR-
Investors face a crisis 10 times worse than the ‘Quant Quake,’ hedge fund warnsA year ago, Francesco Filia of Fasanara Capital told The Wall Street Journal that, “If my analysis is right, we’re past the point of no return,” and that “nothing else will do than having cash or shorts.” It was a big “if,” of course. Now, the hedge fund is back with another dire warning. Should we be scared?
Read in MarketWatch: https://apple.news/AQX-
What Copper's Really Saying About Stocks - Schaeffer's Investment ResearchThe following is a reprint of the market commentary from the September 2019 edition of The Option Advisor, published on August 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store. Conventional investing wisdom has long held that copper, the humble base metal, has predictive powers when it comes to the economy. Due to its wide use in the industrial, energy, and technology sectors, the theory suggests that strong
Read in Schaeffer's Investment Research: https://apple.news/
6 reasons why most people lose money in the stock marketIf you are investing for the long-term, the below information will be beneficial to your pockets and financial future. Don't lose sight of the big picture.
Read in Ladders: https://apple.news/
Three options strategies for the week: August 26, 2019The "Options Action" traders share their first moves for the market open.
Read in CNBC: https://apple.news/
Navigating Summer SquallsWe do not believe the inverted yield curve necessarily signals a near-term recession. Our base case remains that we are in an extending late-cycle environment.August's late-summer squalls highlight the unique complexities of late-cycle investing.Pervasive negative yields on government bonds give investors few places to go to reduce equity exposure.
Read in Seeking Alpha: https://apple.news/
10-year Treasury yield dips below 1.50%The 10-year Treasury yield falls to a multiyear low in overnight trading on Monday after President Donald Trump’s tariff comments.
Read in MarketWatch: https://apple.news/AF50b3-_
Pension Funds Chased Alternative Investments After the Crisis. They Missed the Bull Market.Many public funds began their pursuit of investments outside of traditional equities and bonds at the start of what has become one of the longest bull markets in U.S. history. The reform process must begin in earnest.
Read in Barron's: https://apple.news/
Day Ahead: Top 3 Things to WatchStock Markets Aug 26, 2019 19:36 GMT Investing.com -- Here's the top three things that could rock markets tomorrow. 1. Consumer Confidence Expected to Slow Traders will look to consumer confidence numbers from the Conference Board on Tuesday for signs the U.S. economy remains on solid footing despite a slowdown in global growth. Confidence is expected to ease to 129.5 in August from an 8-month high of 135.7 in July. The consumer is underpinning U.S. economic growth, but if sentiment and labor
Read in Investing.com: https://apple.news/
Bitcoin Poised To Break Out BigBitcoin is ripe for a breakout soon – one that could vault it close to all-time highs – or sending it tumbling down to long-term support.
Read in Forbes: https://apple.news/
How Do I Pay Taxes on My Crypto? - InsideBitcoins.com
A lot of people buying and selling Bitcoin are being cautioned by the IRS not to evade their responsibilities towards the government. Tax evaders are currently investigated and money related specialists who did not document their exchanges appropriately. Virtual money-based forms according to the IRS are taxable properties. Exchanges using virtual money as stated on its site must also apply the same general tax standards other property exchanges used. By understanding the correct method to use
Read in InsideBitcoins: https://apple.news/
Crypto exec: The vast majority of people are using bitcoin for tradingLuno CEO Marcus Swanepoel says bitcoin makes sense as an alternative investment for people looking to diversify their portfolio.
Read in CNBC: https://apple.news/ArTMY_
Binance Launches Crypto Lending With Up to 15% Annual InterestCrypto exchange Binance is now offering users up to 15% in annualized interest for lending their crypto assets such as BNB and USDT.
Read in CoinDesk: https://apple.news/
Weekly Bitcoin Price Indicator Shows 'Bear Cross' in First Since FebruaryA widely-tracked lagging bitcoin price indicator is reporting bearish conditions for the first time since February.
Read in CoinDesk: https://apple.news/
Forex - U.S. Dollar Rises on Trade Optimism
Forex Aug 26, 2019 14:54 GMT Investing.com - The U.S. dollar was higher on Monday, as trade optimism helped offset weak economic data. The U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose 0.33% to 97.96 as of 10:55 AM ET(14:55 GMT). Speaking at the G7 summit in Biarritz, France, on Monday, U.S. President Donald Trump said that he had received two phone calls from Chinese officials over the weekend urging new trade talks. The Chinese
Read in Investing.com: https://apple.news/AoG_
Prices: A Week In A Day
Sterling is showing signs of life.The Dollar Index saw the biggest intraday range in over a year ahead of the weekend as it recorded a large downside reversal.The upside reversal in the euro was more dramatic.The dollar reversed lower against the yen after making a new high for the week (~JPY106.75) and fell to a nine-session low (~JPY105.25).The US dollar rose against the Canadian dollar for a fifth consecutive week.
Read in Seeking Alpha: https://apple.news/ASgfim-
Sterling Bears Flushed Out; Sell The Rally
Macron and Merkel combined to deliver a short squeeze in the GBP. GBP net positioning has been extremely short, so the squeeze was not surprising. This has opened up an attractive level to buy EUR/GBP. With 2 months to go to negotiate the Brexit deal, Boris Johnson has a mammoth task at hand.
Read in Seeking Alpha: https://apple.news/
Hong Kong’s currency peg to the US dollar isn’t an Achilles’ heel – it’s an Achilles’ shield
Apparently, Hong Kong has an “Achilles’ heel”. According to one Zhou Luohua, vice-president at the Chongyang Finance Research Institute of Beijing’s Renmin University, the city’s deadly weakness is its currency peg to the US dollar. In an article in…
Read in South China Morning Post: https://apple.news/AYS_
Yuan rebounds after PBOC sets much stronger-than-expected fixing
(Adds details, comments and background)
Read in Reuters: https://apple.news/
Trump says US is close to a compromise with France on digital tax
President Donald Trump said on Monday that the United States is close to reaching a compromise over France's digital tax.
Read in CNBC: https://apple.news/
Trump insists talks have restarted with China, but details remain elusive
Trump just said a deal with China is close, but this isn’t the first time.
Read in The Washington Post: https://apple.news/
Trump: I don't blame China, I blame past leadership
President Donald Trump staked out a new position on the trade war with China, claiming that China called overnight and wants to return to the negotiating table. Trump also criticized previous US administrations' handling of China while on foreign soil. CNN's Nic Robertson has the latest.
Read in CNN Politics: https://apple.news/
Trump's call for companies to leave China and do business elsewhere is easier said than done
President Trump may be serious about trying to push U.S. companies out of China, but businesses have already seen that getting out is easier said than done.
Read in Axios: https://apple.news/
Axios: Trump floated the idea of using nuclear bombs to stop hurricanes headed for US
President Donald Trump has floated multiple times the idea of thwarting hurricanes headed for the US by bombing them, including by dropping nuclear bombs on hurricanes to disrupt their course, Axios reported Sunday, citing conversations with sources who heard Trump's comments and were briefed on a National Security Council memo that recorded the comments.
Read in CNN Politics: https://apple.news/
Tropical Storm Dorian up to 60 mph, forecast tracks target Florida
Tropical Storm Dorian is expected to continue to strengthen, National Hurricane Center forecasters said, and they still predict it will become the
Read in Orlando Sentinel: https://apple.news/AhTV_
Violent Mexican volcanic eruption sends smoke & ash 1.5km into sky (PHOTOS)
Mexico’s Popocatepetl volcano erupted twice on Sunday, blasting a column of ash, smoke and gas more than 1.5km into the sky.
Read in RT News: https://apple.news/AmFwHcd_
Trump Hopes Congress Will Vote Soon on Trade Deal With Canada, Mexico
He hoped a new U.S. trade deal with Canada and Mexico would be put to a vote in the U.S. congress soon.
Read in IJR: https://apple.news/
Outrage at man who destroyed Amazon
In the wake of fierce wildfires burning through the “lungs of the world”, many have turned their attention to Brazil’s far-right leader.
Read in news.com.au: https://apple.news/
Million hectares lost in Bolivia fires as Amazon continues to burn
Fires have ripped through at least a million hectares - approximately 3,800 square miles - in Bolivia.
Read in Sky News: https://apple.news/
Brazilian warplanes dump thousands of gallons of water on Amazon fires
Brazilian warplanes dumped thousands of gallons of water over the weekend to battle the raging Amazon rain forest fires — as leaders of the G7 nations said they were working out an agreement to aid the South American country. Video posted to Twitter by Brazil’s defense ministry shows one of the planes passing over a smoldering area, spouting jets of water. The country’s embattled leader, President Jair Bolsonaro, gave in to global pressure in making some 44,000 troops available for “
Read in New York Post: https://apple.news/
Governments and celebrities pledge millions to help Amazon rainforest fires
Funding announcements from Leonardo Dicaprio and G-7 leaders come as a petition urging the Brazilian government to preserve the Amazon rainforest surpasses 5 million signatures.
Read in CNBC: https://apple.news/
In calls and emails, Argentine executives seek jobs abroad to escape crisis
By Aislinn Laing, Marina Lammertyn, Marcelo Rochabrun and Nelson Bocanegra SANTIAGO (Reuters) – Argentine executives and graduates shocked by President Mauricio Macri’s drubbing in elections this month have begun calling and emailing in droves in search of work in Brazil, Chile and Colombia, head hunters and visa advisers told Reuters. Executive search specialists say the...
Read in CreaWorldNews: https://apple.news/
Iraq coalition calls Israeli strikes a 'declaration of war'
Iraqi coalition calls for US troop pullout from Iraq, says strikes blamed on Israel are 'declaration of war'
Read in ABC News: https://apple.news/Ahz9_
Israel appears to attack Lebanon's Hezbollah, part of its expanding anti-Iran campaign
Hezbollah and the Lebanese army have blamed Israel for a drone attack on Beirut on Sunday morning while the leader of the Iran-backed Shiite militia and political party threatened retaliation.
Read in Los Angeles Times: https://apple.news/
Energy Recap: Iranian Crude Exports Plummet
Brent crude edged closer to the $60 (SR2225) barrier over the course of the week, finishing at $59.34 per barrel, while WTI deteriorated slightly to $54.17 per barrel.Prices remain relatively stable on a week-to-week basis and continued to move in a narrow band.The US Department of State said that sanctions caused Iranian crude exports to fall to about 100,000 bpd in July, down from roughly 2.5 million bpd a year earlier.
Read in Seeking Alpha: https://apple.news/
Trump: We're not looking for regime change in Iran
President Trump on Monday said the U.S. is not seeking regime change in Iran and told reporters at the G7 summit in Biarritz, France, that he hopes to see a strong Iran.
Read in Fox News: https://apple.news/
After confusion on trade and Iran, Trump puts positive spin on final day of G7
After a confusing day of mixed signals on trade and Iran, US President Donald Trump began his final round of talks at the Group of 7 summit on Monday eager to put a positive spin on his agenda.
Read in CNN Politics: https://apple.news/
Iran says tanker, its oil pursed by US sold to unnamed buyer
The U.S. has a warrant in federal court to seize the ship.
Read in ABC News: https://apple.news/
Acacia Mining: what next, after Tanzania resumes gold exportsThe nation’s leading gold producer felt the export suspension after Government of Tanzania raised critical concerns over its mining operations in North Mara-one of its profitable mine. Tanzania has recently lifted its halt on Acacia Mining exporting its gold which was issued on March 3rd 2017. The leading African gold miner with over 15 years,...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Currency Changes Choke BanksZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency, a report has revealed. According to the report by brokerage research firm IH securities titled, The Zimbabwe Banking sector: Navigating a challenging monetary space, released on Friday, the currency reforms created a mismatch between foreign currency-denominated assets and liabilities on some banks
Read in AllAfrica: https://apple.news/AkP_
Zimbabwe: No Quick Solutions to Electricity, Fuel Shortages - ColtartIn our previous edition we carried a Q&A with former Education minister David Coltart where he spoke about the culture of political violence in Zimbabwe and how it has also influenced the MDC. Today we carry the second part of the discussion where Coltart (DC) was speaking in an exclusive interview with Alpha Media Holdings chairman Trevor Ncube (TN) on the platform In Conversation with Trevor. Below are the excerpts from the interview. TN: I would like to go back to your book and discuss what
Read in AllAfrica: https://apple.news/A7_
Zimbabwe: Huge Drop in U.S. Investments in Zimbabwe(Photo: Pixabay) Zimbabwe received a negative US$2 million worth of investments from the United States last year, a huge drop from the US$37 million. According to the Bureau of Economic Analysis of the United States Department of Commerce (BEAUSDC), US direct investment in Africa dropped by nearly 5% in 2018 to US$47,8 billion from a comparative of US$50,3 billion in 2017. The drop in US investments in Zimbabwe came at a time when President Emmerson Mnangagwa's government was working overtime to
Read in AllAfrica: https://apple.news/AoO_
Zimbabwe: Elephants Wreak Havoc At Solar-Irrigated FarmWhen one of Zimbabwe's first solar mini-grid systems was installed in this drought-prone village near the Botswana border in 2016, residents thought their problems were solved. Cheap, clean power ran irrigation pumps that kept the community's wheat, maize and vegetable fields a sea of green even as climate change-fuelled droughts parched the surrounding landscape. But the verdant fields have attracted a new problem to Mashaba village in Gwanda: herds of hungry elephants. As drought makes grass
Read in AllAfrica: https://apple.news/AxQ-
Zimbabwe: Another Bleak Farming Season Looms As Inputs Prices SoarFarmers have threatened to reduce their hectarage citing high input costs, a move that could perpetuate Zimbabwe's struggles with food shortages. In interviews with NewZimbabwe.com Business on the sidelines of the just ended Zimbabwe Agricultural Show, several farmers said their plans for the coming season have been hampered by exorbitant prices of seed, fertliser and farming equipment. "I come from Mashonaland Central and specialise in horticulture. In my area, a 50 kg bag of Ammonium Nitrate
Read in AllAfrica: https://apple.news/
Botswana eyes Zimbabwe horticultural produceBotswana is exploring the possibilities of importing horticultural produce from Zimbabwe following bilateral trade agreements between the two countries. A joint venture organic fertilisers manufacturing project between Zimbabwe and Botswana based companies commissioned in Harare Thursday has created a platform for trade linkages between the two countries. Botswana Ambassador to Zimbabwe Retired Lieutenant General, Louis...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Staff Eating Food Meant for Patients - Chitungwiza Hospital Resorts to Threats(Photo: The Herald) Authorities at Chitungwiza hospital have had to issue a warning to staff after food meant for patients started disappearing. According to an internal memo Friday to Ward management, heads of departments and all staff members, the hospital said it would discipline staff seen "eating food meant for patients." "It has come to management's attention that some hospital staff members are consuming food intended for in-patients. "Please note that such practice is highly inimical to
Read in AllAfrica: https://apple.news/
Zimbabwe: MDC Organising Secretary Chibaya Granted RTGS 400 BailThe Harare Magistrates court has this morning granted RTGS400 bail to the MDC Secretary for Organising, Amos Chibaya. He has also been remanded to the 12th of September 2019 for routine remand. Chibaya is facing a new charge of failing to stop the demonstration in Harare last week of which he was the official Convenor. This means that Chibaya is now facing yet another charge apart from the already existing one of subversion. More to follow...
Read in AllAfrica: https://apple.news/
Vietnam prefers its mobile networks to be free of Huawei
Vietnam is intent on being the first Asean nation to provide a 5G network -- without China's tech powerhouse Huawei Technologies Inc. Viettel Group, Vietnam's largest mobile carrier owned by the Defense Ministry, will deploy Ericsson AB's equipment in Hanoi and Nokia Oyj's technology in Ho Chi Minh City, said Viettel Chief Executive Officer Le Dang Dung. It will use 5G chipsets from Qualcomm Inc. and another U.S. company. The carrier, which uses Ericsson and Nokia for its 4G network, is also
Read in My San Antonio: https://apple.news/
Japan calls US trade deal 'very valuable,' denies it gave Trump too much
Japan’s top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was “very valuable.” The United States and Japan agreed in principle on Sunday to core elements of a trade deal that President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month. A final agreement would cool a trade dispute between the two allies just as a trade
Read in New York Post: https://apple.news/ATT_
South Korea-Japan spitting contest is a sign of US weakness
American strategic contraction in the world means the buffer between nations with grievances toward one another is eroding.
Read in The Hill: https://apple.news/
China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline
China signaled on Monday it was now seeking a rapid end to its trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs announced last Friday by the Trump administration.
Read in Fox News: https://apple.news/
Trump's 'Call From China' Helps Markets Recover
The demonstrations in Hong Kong intensified, and China stepped up its warnings.Amid the US-China's tit-for-tat tariff action, the US and Japan appear near a trade agreement.Journalists are getting much mileage from BOE Carney's call for a new global reserve asset to replace the dollar.
Read in Seeking Alpha: https://apple.news/
Asian Markets Rise; Trump Says China Wants a Trade Deal
Stock Markets Aug 27, 2019 02:39 GMT Investing.com - Asian markets rose in morning trade on Tuesday. Developments on the Sino-U.S. trade front remained in focus as U.S. President Donald Trump said China “want to make a deal very badly.” China’s Shanghai Composite and the Shenzhen Component rose 1.8% and 1.5% respectively by 10:37 PM ET (02:37 GMT). Hong Kong’s Hang Seng Index was little changed at 25,691.0. Overnight, Trump said that he is now more positive on the prospects for a deal with China
Read in Investing.com: https://apple.news/A01_
German government needs to do 'something dramatic' for economy, expert says
Clemens Fuest, president of Germany's Ifo Institute for Economic Research, discusses the country's economic slowdown.
Read in CNBC: https://apple.news/A_
UPDATE 2-Greece to fully lift capital controls imposed during bailout chaos
* Legislation set to lift controls effective Sept. 1
Read in Reuters: https://apple.news/
As Brexit looms, will US craft trade deal with Britain?
British Prime Minister Boris Johnson and President Trump are efforting a post-Brexit free trade deal, but the U.K. leader warned they could not rush negotiations at the G-7 summit in Biarritz, France this weekend.
Read in Fox News: https://apple.news/AZm5k323-
Boris Johnson news – live: EU 'will block trade deal' if UK refuses to pay £39bn divorce bill, as No 10 warns MPs they can't stop no-deal
EU officials have warned Britain that failing to pay the £39bn Brexit divorce bill would damage relations and “jeopardise” any future trade deal.
Read in The Independent: https://apple.news/
EU leaders 'should not listen to anti-Brexit MPs'
Downing Street says the PM has been clear that the idea Brexit could be stopped is "incorrect".
Read in BBC News: https://apple.news/
A Brexit deal will not redeem Boris Johnson from his own shame. He is beyond salvation
Perhaps only to be contrarian, and perhaps entirely incorrectly, I have always taken a dim view of the achievements of Sir Ernest Shackleton.
Read in The Independent: https://apple.news/
Macron plays down Trump absence at G7 climate talks
President Donald Trump was absent from talks on climate change and biodiversity at a G7 leaders' summit on Monday, with host President Emmanuel Macron explaining that Trump was busy holding bilateral meetings.
Read in Reuters: https://apple.news/
Russian agency says radioactive isotopes were found after mysterious explosion
The Aug. 8 explosion on a platform in the White Sea off Nyonoksa caused a reported brief spike in radiation in nearby Severodvinsk.
Read in USA TODAY: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
World Trade Is Not A Zero-Sum Game
World trade is dominating the news as well as the financial markets around the globe.Negotiating trade between nations or between groups of nations is either a win-win situation or a lose-lose situation, but it is not a zero-sum game.Right now, all indications point to the latter outcome.Investors must keep up with the news and stay loose as far as their positions are concerned.
Read in Seeking Alpha: https://apple.news/
GLOBAL MARKETS-Stocks edge higher as Trump acts to ease China trade tensions
* Trump says China wants to return to negotiating table
Read in Reuters: https://apple.news/
GLOBAL MARKETS-Shares skid as trade war deepens, fuels bond rush
* Asian stock markets :
Read in Reuters: https://apple.news/
Trump’s Trade War Isn’t Just a US–China Problem
As companies explore manufacturing options outside China, the countries that stand to gain most from new business might still lose in the end.
Read in WIRED: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Judge orders Johnson & Johnson to pay $572 million in opioid lawsuit; AP: In Mississippi Delta, Catholic abuse cases settled on cheap; G-7 summit achievement: Trump declares, 'We got along great'
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold breaches $1,550 mark for first time in over 6 years on trade jitters
* SPDR Gold holdings rose 0.6% on Friday
Read in Reuters: https://apple.news/Aja9_
Examining The Short- And Long-Term Case For Gold
I think of gold as a component of both Exter's pyramid and a different type of investment pyramid.As gold is not valued by return on investment, owning or trading it has special characteristics.This article examines and tends to favor the case that gold looks good again on multiple time frames, but also suggests that the case is a bit murky.
Read in Seeking Alpha: https://apple.news/
Why Gold Is Exploding and Actually Could Rally to $2000 or Higher
All structured portfolios need a weighting to precious metals between 3% and 5%, there but are times when investors should overweight gold. Now could very well be one of those times.
Read in 24/7 Wall St.: https://apple.news/
Posthaste: In Donald Trump's trade war, all that glitters is gold
Stuff you need to know
Read in Financial Post: https://apple.news/AfP-
Gold is a crowded trade but has potential to go further: ANZ
Daniel Hynes of ANZ discusses the outlook for the gold market and says buying the physical metal is probably the safe bet for now.
Read in CNBC: https://apple.news/
METALS-Copper ticks up as trade war fears ease
Copper prices rose on Tuesday after sentiment was boosted by signs of progress in resolving a prolonged trade war between the United States and China.
Read in Reuters: https://apple.news/
Oil bounces as U.S., China appear to scale down trade-war tensions
Oil bounces higher, reclaiming some of the ground lost in Friday’s tumble, after China and the U.S. both appeared to attempt to tamp down rising trade tensions.
Read in MarketWatch: https://apple.news/
Oil Prices Break 3-Day Losing Streak on Trump Trade Remarks
Commodities Aug 26, 2019 12:02 GMT Investing.com - U.S. crude prices turned higher overnight on Monday, breaking a three-day losing streak as U.S. President Donald Trump claimed that China was willing to restart trade negotiations. New York-traded West Texas Intermediate crude futures gained 57 cents, or 1.1%, to $55.33 a barrel by 7:51 AM ET (11:51 GMT), far from the intraday low of $52.98. Brent crude futures, the benchmark for oil prices outside the U.S., rose 44 cents, or 0.8%, to $59.24,
Read in Investing.com: https://apple.news/
Oil Prices Gain Despite Conflicting Signs on Sino-U.S. Trade War
Commodities Aug 27, 2019 03:20 GMT Investing.com - Oil prices gained on Tuesday in Asia despite conflicting signs on the Sino-U.S. trade war. U.S. Crude Oil WTI Futures gained 0.7% to $54.01 by 11:15 PM ET (03:15 GMT), while International Brent Oil Futures rose $58.48. U.S. President Donald Trump said he thinks China wants to make a deal “very badly” and that China called his trade team on Monday and said “let’s get back to the table.” “So we will be getting back to the table and I think they
Read in Investing.com: https://apple.news/
Natural Gas - It's Time To Eat Like A Bird, Not Dine Like An Elephant
Natural gas edged lower since last week.Inventories continue to trickle in.The forward curve offers value during the winter months.The current level of volatility is attractive for option premiums.GASL is a dangerous instrument, but where there is risk there is reward.
Read in Seeking Alpha: https://apple.news/
BANKS/BANKING/CREDIT
China's ExIm bank plans to sell 30 bln yuan of perpetual bonds - sources
The Export-Import Bank of China plans to sell 30 billion yuan ($4.23 billion) worth of perpetual bonds, two sources with direct knowledge of the matter said on Monday, becoming the country's first policy bank to issue such bonds.
Read in Reuters: https://apple.news/
Are Distressed Small Banks Putting China's Banking System At Risk?
In China's diverse banking system, the risky lenders are found in the third- and fourth-tier banks.For 20 of these low-tier banks, we have detected early risk indicators.We view the risks to China's banking system as under control because of three stabilizing factors.We don't see problems at the Baoshang Bank, Bank of Jinzhou or Hengfeng Bank posing a systemic risk to China's banking system.
Read in Seeking Alpha: https://apple.news/
Credit Suisse to shift focus from branches to digital banking
Credit Suisse said on Monday it would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and said it no longer needed a bigger branch network in its home market than its rivals.
Read in Reuters: https://apple.news/
Cyber attacks are only going to get worse, security experts say
An Eastern European or Russian crime gang stole account details and used them to fleece customers of millions of dollars in a phishing scam this weekend. Experts say it's going to get worse.
Read in Daily Mail: https://apple.news/
Central banks don't have capacity to 'influence the game': IMA Asia
Richard Martin of IMA Asia says central bankers can't do much in the current environment, and governments across North America and Europe are going to turn back to fiscal policy.
Read in CNBC: https://apple.news/
Japan's regulatory chief urges BOJ to consider impact of easing on banks
The Bank of Japan is responsible for deciding whether to ramp up stimulus to support the economy, but should weigh the impact its monetary policy will have on the banking sector, the country's top financial regulator said on Monday.
Read in Reuters: https://apple.news/AsHM-
Deutsche Bank and UBS reportedly talked in June about teaming up in Europe to create an investing-banking alliance
Deutsche Bank and UBS reportedly discussed forming an investment-banking alliance in June, according to the Wall Street Journal. The alliance would've combined businesses to create the largest financial institution in Germany but would've been short of a full-blown merger. After talks fell through, Deutsche Bank announced its massive restructuring plan including layoffs of 18,000. Read more on Markets Insider. Deutsche Bank and UBS Group reportedly discussed combining businesses to form an
Read in Business Insider: https://apple.news/
NEC and Partners to Create Blockchain Identity System for Buenos Aires
A new partnership between a development bank, an NGO and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires. IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced their signing of a Memorandum of Understanding (MoU) to pursue the project on Aug. 26. Using blockchain to tackle the poverty penalty As NEC’s news
Read in Cointelegraph: https://apple.news/
TREASURIES/BONDS/STOCKS
Mohamed El-Erian warns that a ceasefire 'best we could hope' in China trade warEconomist Mohamed El-Erian says he's becoming more and more pessimistic that the U.S. and China can reach a deal to end their trade war.
Read in CNBC: https://apple.news/
Top 5 Things to Know in the Market on TuesdayEconomy Aug 27, 2019 09:36 GMT Investing.com - Here are the top five things you need to know in financial markets on Tuesday, August 27: 1. U.S. futures give back some gains U.S. futures pointed to a slightly lower open on Tuesday in a sign of profit-taking as markets awaited further developments in Sino-U.S. trade. China's Foreign Ministry repeated declarations that it had not heard of any recent telephone call on trade and urged the U.S. to create conditions for talks. The fact that Washington
Read in Investing.com: https://apple.news/
The Dow Is Rising Because Trump Said China Wants to Talk TradeTrump said that China wants to start negotiating again, though it’s not clear if there’s an actual opening for a deal.
Read in Barron's: https://apple.news/AoR-
Investors face a crisis 10 times worse than the ‘Quant Quake,’ hedge fund warnsA year ago, Francesco Filia of Fasanara Capital told The Wall Street Journal that, “If my analysis is right, we’re past the point of no return,” and that “nothing else will do than having cash or shorts.” It was a big “if,” of course. Now, the hedge fund is back with another dire warning. Should we be scared?
Read in MarketWatch: https://apple.news/AQX-
What Copper's Really Saying About Stocks - Schaeffer's Investment ResearchThe following is a reprint of the market commentary from the September 2019 edition of The Option Advisor, published on August 23. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store. Conventional investing wisdom has long held that copper, the humble base metal, has predictive powers when it comes to the economy. Due to its wide use in the industrial, energy, and technology sectors, the theory suggests that strong
Read in Schaeffer's Investment Research: https://apple.news/
6 reasons why most people lose money in the stock marketIf you are investing for the long-term, the below information will be beneficial to your pockets and financial future. Don't lose sight of the big picture.
Read in Ladders: https://apple.news/
Three options strategies for the week: August 26, 2019The "Options Action" traders share their first moves for the market open.
Read in CNBC: https://apple.news/
Navigating Summer SquallsWe do not believe the inverted yield curve necessarily signals a near-term recession. Our base case remains that we are in an extending late-cycle environment.August's late-summer squalls highlight the unique complexities of late-cycle investing.Pervasive negative yields on government bonds give investors few places to go to reduce equity exposure.
Read in Seeking Alpha: https://apple.news/
10-year Treasury yield dips below 1.50%The 10-year Treasury yield falls to a multiyear low in overnight trading on Monday after President Donald Trump’s tariff comments.
Read in MarketWatch: https://apple.news/AF50b3-_
Pension Funds Chased Alternative Investments After the Crisis. They Missed the Bull Market.Many public funds began their pursuit of investments outside of traditional equities and bonds at the start of what has become one of the longest bull markets in U.S. history. The reform process must begin in earnest.
Read in Barron's: https://apple.news/
Day Ahead: Top 3 Things to WatchStock Markets Aug 26, 2019 19:36 GMT Investing.com -- Here's the top three things that could rock markets tomorrow. 1. Consumer Confidence Expected to Slow Traders will look to consumer confidence numbers from the Conference Board on Tuesday for signs the U.S. economy remains on solid footing despite a slowdown in global growth. Confidence is expected to ease to 129.5 in August from an 8-month high of 135.7 in July. The consumer is underpinning U.S. economic growth, but if sentiment and labor
Read in Investing.com: https://apple.news/
CRYPTO / DIGITAL CURRENCIES
Bitcoin Poised To Break Out BigBitcoin is ripe for a breakout soon – one that could vault it close to all-time highs – or sending it tumbling down to long-term support.
Read in Forbes: https://apple.news/
How Do I Pay Taxes on My Crypto? - InsideBitcoins.com
A lot of people buying and selling Bitcoin are being cautioned by the IRS not to evade their responsibilities towards the government. Tax evaders are currently investigated and money related specialists who did not document their exchanges appropriately. Virtual money-based forms according to the IRS are taxable properties. Exchanges using virtual money as stated on its site must also apply the same general tax standards other property exchanges used. By understanding the correct method to use
Read in InsideBitcoins: https://apple.news/
Crypto exec: The vast majority of people are using bitcoin for tradingLuno CEO Marcus Swanepoel says bitcoin makes sense as an alternative investment for people looking to diversify their portfolio.
Read in CNBC: https://apple.news/ArTMY_
Binance Launches Crypto Lending With Up to 15% Annual InterestCrypto exchange Binance is now offering users up to 15% in annualized interest for lending their crypto assets such as BNB and USDT.
Read in CoinDesk: https://apple.news/
Weekly Bitcoin Price Indicator Shows 'Bear Cross' in First Since FebruaryA widely-tracked lagging bitcoin price indicator is reporting bearish conditions for the first time since February.
Read in CoinDesk: https://apple.news/
CURRENCIES
Forex - U.S. Dollar Rises on Trade Optimism
Forex Aug 26, 2019 14:54 GMT Investing.com - The U.S. dollar was higher on Monday, as trade optimism helped offset weak economic data. The U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose 0.33% to 97.96 as of 10:55 AM ET(14:55 GMT). Speaking at the G7 summit in Biarritz, France, on Monday, U.S. President Donald Trump said that he had received two phone calls from Chinese officials over the weekend urging new trade talks. The Chinese
Read in Investing.com: https://apple.news/AoG_
Forex - Dollar Rises vs Havens as Trump Talks up Trade Hopes
Forex Aug 26, 2019 14:32 GMT Investing.com - The U.S. dollar was broadly higher on Monday, as optimism over the U.S.-China trade conflicts supported risk sentiment, despite further signs of a slowdown in the U.S. manufacturing sector. The U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose 0.3% to 97.852 as of 10:18 AM ET(14:18 GMT), thanks largely to gains against the safe-haven yen and Swiss franc, as well as against sterling. Speaking at
Read in Investing.com: https://apple.news/
Forex Aug 26, 2019 14:32 GMT Investing.com - The U.S. dollar was broadly higher on Monday, as optimism over the U.S.-China trade conflicts supported risk sentiment, despite further signs of a slowdown in the U.S. manufacturing sector. The U.S. Dollar Index, which measures the greenback’s strength against a basket of six major currencies, rose 0.3% to 97.852 as of 10:18 AM ET(14:18 GMT), thanks largely to gains against the safe-haven yen and Swiss franc, as well as against sterling. Speaking at
Read in Investing.com: https://apple.news/
Prices: A Week In A Day
Sterling is showing signs of life.The Dollar Index saw the biggest intraday range in over a year ahead of the weekend as it recorded a large downside reversal.The upside reversal in the euro was more dramatic.The dollar reversed lower against the yen after making a new high for the week (~JPY106.75) and fell to a nine-session low (~JPY105.25).The US dollar rose against the Canadian dollar for a fifth consecutive week.
Read in Seeking Alpha: https://apple.news/ASgfim-
Sterling Bears Flushed Out; Sell The Rally
Macron and Merkel combined to deliver a short squeeze in the GBP. GBP net positioning has been extremely short, so the squeeze was not surprising. This has opened up an attractive level to buy EUR/GBP. With 2 months to go to negotiate the Brexit deal, Boris Johnson has a mammoth task at hand.
Read in Seeking Alpha: https://apple.news/
Hong Kong’s currency peg to the US dollar isn’t an Achilles’ heel – it’s an Achilles’ shield
Apparently, Hong Kong has an “Achilles’ heel”. According to one Zhou Luohua, vice-president at the Chongyang Finance Research Institute of Beijing’s Renmin University, the city’s deadly weakness is its currency peg to the US dollar. In an article in…
Read in South China Morning Post: https://apple.news/AYS_
Yuan rebounds after PBOC sets much stronger-than-expected fixing
(Adds details, comments and background)
Read in Reuters: https://apple.news/
HEALTH / SCIENCE
Doctors warn global warming is putting hospitals at risk
Readers of the New England Journal of Medicine were reminded that hospitals are not protected from 'the environmental chaos unfolding outside'.
Read in Daily Mail: https://apple.news/
West Nile virus reported in 26 states
Summer means mosquitos and the threat of the deadly West Nile virus. Cases of the virus in humans have been reported in at least 26 states. Scientists are working on a vaccine but a lack of funding is delaying the development. Mireya Villarreal reports.
Read in CBS News: https://apple.news/
How to undo the damage of sitting down all day with this 5 minute mobility exercise
Several studies have noted that sitting down too much may lead to an increased likelihood of heart disease, diabetes and obesity.
Read in Ladders: https://apple.news/
The fight over the future of our most expensive drugs
The market designed to create competition for biologics — typically our most expensive drugs — has been slow to take off, but some experts say that even its best-case scenario doesn't do enough to lower drug prices.
Read in Axios: https://apple.news/
40 Symptoms That *Always* Warrant A Call To Your Doctor Right Away
Um, this seemingly nothing pain could be a heart attack sign. No one wants to be the person who has their doctor on speed dial, but sometimes it can be tough to suss out on your own whether you're dealing with a health issue that's minor or that's actually pretty major. And any MD will tell you it's always better to be safe than sorry. So when in doubt, you should always give the pro a ring JIC if you feel off and on edge about it. But doctors say that's *especially* true if you're experiencing
Read in Women's Health: https://apple.news/ANO3_
POLITICO-Harvard poll: Americans worried about data hacks, want higher taxes on e-cigs
The survey, which was designed by Harvard and POLITICO, interviewed a representative sample of 1,009 Americans.
Read in POLITICO: https://apple.news/
Opinion | Our Food Is Killing Too Many of Us
Improving American nutrition would make the biggest impact on our health care.
Read in The New York Times: https://apple.news/
Doctors warn global warming is putting hospitals at risk
Readers of the New England Journal of Medicine were reminded that hospitals are not protected from 'the environmental chaos unfolding outside'.
Read in Daily Mail: https://apple.news/
West Nile virus reported in 26 states
Summer means mosquitos and the threat of the deadly West Nile virus. Cases of the virus in humans have been reported in at least 26 states. Scientists are working on a vaccine but a lack of funding is delaying the development. Mireya Villarreal reports.
Read in CBS News: https://apple.news/
How to undo the damage of sitting down all day with this 5 minute mobility exercise
Several studies have noted that sitting down too much may lead to an increased likelihood of heart disease, diabetes and obesity.
Read in Ladders: https://apple.news/
The fight over the future of our most expensive drugs
The market designed to create competition for biologics — typically our most expensive drugs — has been slow to take off, but some experts say that even its best-case scenario doesn't do enough to lower drug prices.
Read in Axios: https://apple.news/
40 Symptoms That *Always* Warrant A Call To Your Doctor Right Away
Um, this seemingly nothing pain could be a heart attack sign. No one wants to be the person who has their doctor on speed dial, but sometimes it can be tough to suss out on your own whether you're dealing with a health issue that's minor or that's actually pretty major. And any MD will tell you it's always better to be safe than sorry. So when in doubt, you should always give the pro a ring JIC if you feel off and on edge about it. But doctors say that's *especially* true if you're experiencing
Read in Women's Health: https://apple.news/ANO3_
POLITICO-Harvard poll: Americans worried about data hacks, want higher taxes on e-cigs
The survey, which was designed by Harvard and POLITICO, interviewed a representative sample of 1,009 Americans.
Read in POLITICO: https://apple.news/
Opinion | Our Food Is Killing Too Many of Us
Improving American nutrition would make the biggest impact on our health care.
Read in The New York Times: https://apple.news/
USA / CANADA
Trump says US is close to a compromise with France on digital tax
President Donald Trump said on Monday that the United States is close to reaching a compromise over France's digital tax.
Read in CNBC: https://apple.news/
Trump insists talks have restarted with China, but details remain elusive
Trump just said a deal with China is close, but this isn’t the first time.
Read in The Washington Post: https://apple.news/
Trump: I don't blame China, I blame past leadership
President Donald Trump staked out a new position on the trade war with China, claiming that China called overnight and wants to return to the negotiating table. Trump also criticized previous US administrations' handling of China while on foreign soil. CNN's Nic Robertson has the latest.
Read in CNN Politics: https://apple.news/
Trump's call for companies to leave China and do business elsewhere is easier said than done
President Trump may be serious about trying to push U.S. companies out of China, but businesses have already seen that getting out is easier said than done.
Read in Axios: https://apple.news/
Axios: Trump floated the idea of using nuclear bombs to stop hurricanes headed for US
President Donald Trump has floated multiple times the idea of thwarting hurricanes headed for the US by bombing them, including by dropping nuclear bombs on hurricanes to disrupt their course, Axios reported Sunday, citing conversations with sources who heard Trump's comments and were briefed on a National Security Council memo that recorded the comments.
Read in CNN Politics: https://apple.news/
Tropical Storm Dorian up to 60 mph, forecast tracks target Florida
Tropical Storm Dorian is expected to continue to strengthen, National Hurricane Center forecasters said, and they still predict it will become the
Read in Orlando Sentinel: https://apple.news/AhTV_
EMERGING MARKETS
Violent Mexican volcanic eruption sends smoke & ash 1.5km into sky (PHOTOS)
Mexico’s Popocatepetl volcano erupted twice on Sunday, blasting a column of ash, smoke and gas more than 1.5km into the sky.
Read in RT News: https://apple.news/AmFwHcd_
Trump Hopes Congress Will Vote Soon on Trade Deal With Canada, Mexico
He hoped a new U.S. trade deal with Canada and Mexico would be put to a vote in the U.S. congress soon.
Read in IJR: https://apple.news/
Outrage at man who destroyed Amazon
In the wake of fierce wildfires burning through the “lungs of the world”, many have turned their attention to Brazil’s far-right leader.
Read in news.com.au: https://apple.news/
Million hectares lost in Bolivia fires as Amazon continues to burn
Fires have ripped through at least a million hectares - approximately 3,800 square miles - in Bolivia.
Read in Sky News: https://apple.news/
Brazilian warplanes dump thousands of gallons of water on Amazon fires
Brazilian warplanes dumped thousands of gallons of water over the weekend to battle the raging Amazon rain forest fires — as leaders of the G7 nations said they were working out an agreement to aid the South American country. Video posted to Twitter by Brazil’s defense ministry shows one of the planes passing over a smoldering area, spouting jets of water. The country’s embattled leader, President Jair Bolsonaro, gave in to global pressure in making some 44,000 troops available for “
Read in New York Post: https://apple.news/
Governments and celebrities pledge millions to help Amazon rainforest fires
Funding announcements from Leonardo Dicaprio and G-7 leaders come as a petition urging the Brazilian government to preserve the Amazon rainforest surpasses 5 million signatures.
Read in CNBC: https://apple.news/
In calls and emails, Argentine executives seek jobs abroad to escape crisis
By Aislinn Laing, Marina Lammertyn, Marcelo Rochabrun and Nelson Bocanegra SANTIAGO (Reuters) – Argentine executives and graduates shocked by President Mauricio Macri’s drubbing in elections this month have begun calling and emailing in droves in search of work in Brazil, Chile and Colombia, head hunters and visa advisers told Reuters. Executive search specialists say the...
Read in CreaWorldNews: https://apple.news/
MIDDLE EAST
Iraq coalition calls Israeli strikes a 'declaration of war'
Iraqi coalition calls for US troop pullout from Iraq, says strikes blamed on Israel are 'declaration of war'
Read in ABC News: https://apple.news/Ahz9_
Israel appears to attack Lebanon's Hezbollah, part of its expanding anti-Iran campaign
Hezbollah and the Lebanese army have blamed Israel for a drone attack on Beirut on Sunday morning while the leader of the Iran-backed Shiite militia and political party threatened retaliation.
Read in Los Angeles Times: https://apple.news/
Energy Recap: Iranian Crude Exports Plummet
Brent crude edged closer to the $60 (SR2225) barrier over the course of the week, finishing at $59.34 per barrel, while WTI deteriorated slightly to $54.17 per barrel.Prices remain relatively stable on a week-to-week basis and continued to move in a narrow band.The US Department of State said that sanctions caused Iranian crude exports to fall to about 100,000 bpd in July, down from roughly 2.5 million bpd a year earlier.
Read in Seeking Alpha: https://apple.news/
Trump: We're not looking for regime change in Iran
President Trump on Monday said the U.S. is not seeking regime change in Iran and told reporters at the G7 summit in Biarritz, France, that he hopes to see a strong Iran.
Read in Fox News: https://apple.news/
After confusion on trade and Iran, Trump puts positive spin on final day of G7
After a confusing day of mixed signals on trade and Iran, US President Donald Trump began his final round of talks at the Group of 7 summit on Monday eager to put a positive spin on his agenda.
Read in CNN Politics: https://apple.news/
Iran says tanker, its oil pursed by US sold to unnamed buyer
The U.S. has a warrant in federal court to seize the ship.
Read in ABC News: https://apple.news/
AFRICA
Acacia Mining: what next, after Tanzania resumes gold exportsThe nation’s leading gold producer felt the export suspension after Government of Tanzania raised critical concerns over its mining operations in North Mara-one of its profitable mine. Tanzania has recently lifted its halt on Acacia Mining exporting its gold which was issued on March 3rd 2017. The leading African gold miner with over 15 years,...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Currency Changes Choke BanksZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency, a report has revealed. According to the report by brokerage research firm IH securities titled, The Zimbabwe Banking sector: Navigating a challenging monetary space, released on Friday, the currency reforms created a mismatch between foreign currency-denominated assets and liabilities on some banks
Read in AllAfrica: https://apple.news/AkP_
Zimbabwe: No Quick Solutions to Electricity, Fuel Shortages - ColtartIn our previous edition we carried a Q&A with former Education minister David Coltart where he spoke about the culture of political violence in Zimbabwe and how it has also influenced the MDC. Today we carry the second part of the discussion where Coltart (DC) was speaking in an exclusive interview with Alpha Media Holdings chairman Trevor Ncube (TN) on the platform In Conversation with Trevor. Below are the excerpts from the interview. TN: I would like to go back to your book and discuss what
Read in AllAfrica: https://apple.news/A7_
Zimbabwe: Huge Drop in U.S. Investments in Zimbabwe(Photo: Pixabay) Zimbabwe received a negative US$2 million worth of investments from the United States last year, a huge drop from the US$37 million. According to the Bureau of Economic Analysis of the United States Department of Commerce (BEAUSDC), US direct investment in Africa dropped by nearly 5% in 2018 to US$47,8 billion from a comparative of US$50,3 billion in 2017. The drop in US investments in Zimbabwe came at a time when President Emmerson Mnangagwa's government was working overtime to
Read in AllAfrica: https://apple.news/AoO_
Zimbabwe: Elephants Wreak Havoc At Solar-Irrigated FarmWhen one of Zimbabwe's first solar mini-grid systems was installed in this drought-prone village near the Botswana border in 2016, residents thought their problems were solved. Cheap, clean power ran irrigation pumps that kept the community's wheat, maize and vegetable fields a sea of green even as climate change-fuelled droughts parched the surrounding landscape. But the verdant fields have attracted a new problem to Mashaba village in Gwanda: herds of hungry elephants. As drought makes grass
Read in AllAfrica: https://apple.news/AxQ-
Zimbabwe: Another Bleak Farming Season Looms As Inputs Prices SoarFarmers have threatened to reduce their hectarage citing high input costs, a move that could perpetuate Zimbabwe's struggles with food shortages. In interviews with NewZimbabwe.com Business on the sidelines of the just ended Zimbabwe Agricultural Show, several farmers said their plans for the coming season have been hampered by exorbitant prices of seed, fertliser and farming equipment. "I come from Mashonaland Central and specialise in horticulture. In my area, a 50 kg bag of Ammonium Nitrate
Read in AllAfrica: https://apple.news/
Botswana eyes Zimbabwe horticultural produceBotswana is exploring the possibilities of importing horticultural produce from Zimbabwe following bilateral trade agreements between the two countries. A joint venture organic fertilisers manufacturing project between Zimbabwe and Botswana based companies commissioned in Harare Thursday has created a platform for trade linkages between the two countries. Botswana Ambassador to Zimbabwe Retired Lieutenant General, Louis...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Staff Eating Food Meant for Patients - Chitungwiza Hospital Resorts to Threats(Photo: The Herald) Authorities at Chitungwiza hospital have had to issue a warning to staff after food meant for patients started disappearing. According to an internal memo Friday to Ward management, heads of departments and all staff members, the hospital said it would discipline staff seen "eating food meant for patients." "It has come to management's attention that some hospital staff members are consuming food intended for in-patients. "Please note that such practice is highly inimical to
Read in AllAfrica: https://apple.news/
Zimbabwe: MDC Organising Secretary Chibaya Granted RTGS 400 BailThe Harare Magistrates court has this morning granted RTGS400 bail to the MDC Secretary for Organising, Amos Chibaya. He has also been remanded to the 12th of September 2019 for routine remand. Chibaya is facing a new charge of failing to stop the demonstration in Harare last week of which he was the official Convenor. This means that Chibaya is now facing yet another charge apart from the already existing one of subversion. More to follow...
Read in AllAfrica: https://apple.news/
ASIA
Vietnam prefers its mobile networks to be free of Huawei
Vietnam is intent on being the first Asean nation to provide a 5G network -- without China's tech powerhouse Huawei Technologies Inc. Viettel Group, Vietnam's largest mobile carrier owned by the Defense Ministry, will deploy Ericsson AB's equipment in Hanoi and Nokia Oyj's technology in Ho Chi Minh City, said Viettel Chief Executive Officer Le Dang Dung. It will use 5G chipsets from Qualcomm Inc. and another U.S. company. The carrier, which uses Ericsson and Nokia for its 4G network, is also
Read in My San Antonio: https://apple.news/
Japan calls US trade deal 'very valuable,' denies it gave Trump too much
Japan’s top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was “very valuable.” The United States and Japan agreed in principle on Sunday to core elements of a trade deal that President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month. A final agreement would cool a trade dispute between the two allies just as a trade
Read in New York Post: https://apple.news/ATT_
South Korea-Japan spitting contest is a sign of US weakness
American strategic contraction in the world means the buffer between nations with grievances toward one another is eroding.
Read in The Hill: https://apple.news/
China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline
China signaled on Monday it was now seeking a rapid end to its trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs announced last Friday by the Trump administration.
Read in Fox News: https://apple.news/
Trump's 'Call From China' Helps Markets Recover
The demonstrations in Hong Kong intensified, and China stepped up its warnings.Amid the US-China's tit-for-tat tariff action, the US and Japan appear near a trade agreement.Journalists are getting much mileage from BOE Carney's call for a new global reserve asset to replace the dollar.
Read in Seeking Alpha: https://apple.news/
Asian Markets Rise; Trump Says China Wants a Trade Deal
Stock Markets Aug 27, 2019 02:39 GMT Investing.com - Asian markets rose in morning trade on Tuesday. Developments on the Sino-U.S. trade front remained in focus as U.S. President Donald Trump said China “want to make a deal very badly.” China’s Shanghai Composite and the Shenzhen Component rose 1.8% and 1.5% respectively by 10:37 PM ET (02:37 GMT). Hong Kong’s Hang Seng Index was little changed at 25,691.0. Overnight, Trump said that he is now more positive on the prospects for a deal with China
Read in Investing.com: https://apple.news/A01_
EUROPE
German government needs to do 'something dramatic' for economy, expert says
Clemens Fuest, president of Germany's Ifo Institute for Economic Research, discusses the country's economic slowdown.
Read in CNBC: https://apple.news/A_
UPDATE 2-Greece to fully lift capital controls imposed during bailout chaos
* Legislation set to lift controls effective Sept. 1
Read in Reuters: https://apple.news/
As Brexit looms, will US craft trade deal with Britain?
British Prime Minister Boris Johnson and President Trump are efforting a post-Brexit free trade deal, but the U.K. leader warned they could not rush negotiations at the G-7 summit in Biarritz, France this weekend.
Read in Fox News: https://apple.news/AZm5k323-
Boris Johnson news – live: EU 'will block trade deal' if UK refuses to pay £39bn divorce bill, as No 10 warns MPs they can't stop no-deal
EU officials have warned Britain that failing to pay the £39bn Brexit divorce bill would damage relations and “jeopardise” any future trade deal.
Read in The Independent: https://apple.news/
EU leaders 'should not listen to anti-Brexit MPs'
Downing Street says the PM has been clear that the idea Brexit could be stopped is "incorrect".
Read in BBC News: https://apple.news/
A Brexit deal will not redeem Boris Johnson from his own shame. He is beyond salvation
Perhaps only to be contrarian, and perhaps entirely incorrectly, I have always taken a dim view of the achievements of Sir Ernest Shackleton.
Read in The Independent: https://apple.news/
Macron plays down Trump absence at G7 climate talks
President Donald Trump was absent from talks on climate change and biodiversity at a G7 leaders' summit on Monday, with host President Emmanuel Macron explaining that Trump was busy holding bilateral meetings.
Read in Reuters: https://apple.news/
Russian agency says radioactive isotopes were found after mysterious explosion
The Aug. 8 explosion on a platform in the White Sea off Nyonoksa caused a reported brief spike in radiation in nearby Severodvinsk.
Read in USA TODAY: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Wednesday 8/28/19 did update on the indicative rates Sell Rate 1190
The currency auction is 265,517,340
There are no news and announcements.
1. Announcement of Auction Results (ICD604) (For Sale of Islamic Deposit Certificates)
The Central Bank announced on 26/8/2019 auction of Islamic deposit certificates ICD604 amount.
August 28, 2019
The Central Bank announced on 26/8/2019 auction of Islamic deposit certificates ICD604 amount.
August 28, 2019
The Central Bank announced on 26/8/2019 the auction of Islamic deposit certificates ICD604 amounting to (100) billion dinars for a term of (182) days and was sold (13,770) million dinars to one bank at a rate of return (2.00%).
Click on the link above for the latest update.
Shares Traded:
Value Traded:
ISX ended in Green Red.
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-28-2019 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY FINANCE COMMITTEE, ON MONDAY, ANNOUNCED A TREND TO RE-WORK IN THE CURRENCY AND THE REMOVAL OF ZEROS FROM BANKNOTES, IN ORDER TO STRENGTHEN THE ECONOMY" I especially like the heading of the article. This process is now on the way. Hold tight…its coming…
8-27-219 Intel Guru Frank26 ...the Central Bank of Iraq has made an announcement that they're in the the process of deleting the three zeros from their exchange rate to add value to their currency to give their citizens purchasing power within their own country at a 1 to 1 peg to the American dollar...there is no date...it's speculative...there is no maturity rate either...
8-27-2019 Intel Guru MarkZ [When will the reset be announced?] I believe it will be announced several days after we exchange...for security... years ago the reset was set up to go over a 3 day weekend…now with the speed of the QFS I believe it can go worldwide within seconds…so I do not think the 3 day weekend is as necessary to the reset as it used to be…
8-27-2019 Newshound Guru Kaperoni Iraq would never introduce coins with a currency that has 3 zeros. The zeros need to be removed first. There's only two ways to do this, either float the dinar and allow the currency to appreciate. Or redenominate/Lop and remove them all at once which is a neutral event. I assure you...talkin about some mythical RV/RI will never happen because there's too much currency in circulation. If the CBI follows the plan that changed back in 2012 which called for a market economy, we could see the dinar float rather than this LOP. Gradually appreciating in value overtime per the IMF and documented in the 2012 Article IV Consultation.
8-27-2019 Newshound/Intel Guru Mnt Goat The news for our investment could not get any better. It is moving along just as I said it would when they were ready. They are now ready. So far the educational process is right on target. In fact I am surprised the have ramped it up so much. Multiple articles every week now. Along with the increase in news articles we are now also see repeated replays of broadcast on the Iraqi TV stations about the coins and the project to delete the zeros. WOW! ...Did you buy your champagne yet?
8-27-2019 Intel Guru RayRen98 Article quotes: "The change of currency means that a new currency will replace an old currency, with a fixed exchange rate, and the zeros of the old currency will be removed or the decimal selections are removed to the left," he said, adding that "part of the currency restructuring plan and banks includes the creation of coins for trades."; "The Central Bank decided earlier to develop a plan to develop coins as part of the currency restructuring plan, which requires the approval of the House of Representatives as a strategic plan that will support the value of the Iraqi dinar in trading," This is one of the "latest" articles about the coins...this is all you need to know about the RV. Be sure to send it to [those] that are telling you it’s going to be a float.
8-27-2019 Intel Guru Eagleone2025 MY SOURCES HAVE SAID THAT WE ARE LOOKING STRONG IN SEPT. ...WH AND DC SOURCES HAVE SAID THE WINDOW IS SEPT. THEY STATED THAT THEY WANT IT DONE BY OCT. I CAN TELL U THAT THE SEPT OCT WINDOW IS VERY POSITIVE... KEEP YOUR HEAD UP AS I SAID IN JULY SEE U IN SEPT.
8-27-2019 Newshound Guru Dinar Investor - Jeff ...three week ago I told you...the best time to start reeducating the citizens...about the deletion of the zeros and the coins would be approximately 30 days out before the rate change. And notice how they started doing that around Monday of last week and they're still doing it...they can't do that too far out because the citizens are gonna forget that information...the best time to do it would be roughly 30 days out before changing the rate that way it stay fresh in their minds...
8-27-2019 Intel Guru MarkZ [via PDK] Isaac in Zurich can see the money in his account…(currencies and Historic bonds) ...it has a hold on it...he hopes to have access at any time on his currency... There are rumors of a new rate in-country possibly in Iraq...we are trying to verify this now...lots of articles out on the new coins...you can’t have coins without a new rate...does not make sense. My contacts at redemption centers are on a “heightened level”...
8-27-2019 Newshound Guru larrykn you guys are really freaking out over this Lop thing, that won't happen, they told us years ago what they had in mind and a lop was not it...they told us what they wanted to do. ...I really don't believe they will lop...
8-27-2019 Newshound Guru Adam Montana [Question from newbie - ...if they delete the zeroes, then 1,000,000 IQD becomes 1,000 IQD, and if it RVs at 1:1 then an original investment of $850 +/- for 1,000,000 IQD becomes worth $1,000?] More or less correct. That scenario is considered a lop, and is mostly a zero gain/loss scenario. If the 0's are removed from the exchange rate, it's a whole different ball game.
8-27-2019 Newshound Guru Kaperoni The odds are very high that they're going to float as long as they continue to move forward developing a market economy, I also believe a LOP is unlikely but possible. An RV or RI has zero possibility because monetary policy does not work that way. [Truth is nobody knows if it is going to be float or RV, but we do know it is not a lop,that would have happened long ago...can you imagine the investors having confidence if they lopped] I surely cannot say with absolute certainty, but I do know for a fact in 2012 the plan was to float the currency.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted only on Arabic side, not on English side)
The Cabinet holds its regular session under the chairmanship of Prime Minister Adel Abdul Mahdi
The Council of Ministers held its regular session on Tuesday, August 27, 2019, under the chairmanship of Prime Minister Adel Abdul Mahdi.
The Prime Minister briefed the Commander-in-Chief on the latest political and security developments. Cabinet statement on the subject later.
The Council discussed the issues prepared for its agenda, where it was approved to amend paragraph (4) of the Council of Ministers Resolution (101 of 2019) on the transfer of an amount to the Ministry of Defense.
The session witnessed the approval of the re-presentation of the draft law of the Council of Ministers and ministries again to the Council of Ministers.
It was approved to exempt the companies of the Ministry of Construction, Housing, Municipalities and Public Works from the late fines due to the Ministry of Defense.
The cabinet agreed to add money to the interior ministry's allocation to fill the deficit in the fuel door.
It was approved to increase the storage capacity of grain.
The cabinet agreed to re-submit the issue of expired fatty delineation as damaged materials again to the cabinet.
The Cabinet also approved a draft memorandum of understanding on exemption from entry visas for diplomatic, service and private passport holders between the Ministry of Foreign Affairs of the Republic of Iraq and the Ministries of Foreign Affairs of Sudan and Egypt.
Information Office of the Prime Minister
Monday, August 27, 2019
*************
ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 8-28-2019 around 4 am Eastern
The Cabinet holds its weekly meeting in Baghdad. Learn about the key decisions here:
Cabinet discusses latest political, security developments
28 Aug 2019 - 9:38 am
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi.
The Prime Minister and Commander-in-Chief of the Armed Forces briefed the Cabinet on the latest political and security developments, including the ongoing investigations into recent attacks on weapons depots in Iraq, and outlined plans by the government to deal with any future developments.
The Cabinet reviewed Iraq’s current grain-storage capacity and approved measures to expand it.
The Cabinet approved a draft memorandum of understanding between the Ministry of Foreign Affairs of the Republic of Iraq and the Ministries of Foreign Affairs of Sudan and Egypt to exempt diplomatic and special passport holders from entry visa requirements.
*************
ARTICLE 3
The rule of law criticizes the weakness of the government and emphasizes the importance of the joint operations command in the hands of Iraq and not the US
2019/8/27 17:00 ]
[Baghdad-Where]
State of Law Coalition MP Abdul Hadi Saadawi said on Tuesday that the "weakness of the government" is the reason for the survival of foreign forces and targeting the headquarters of the Popular Mobilization, calling for summoning the US ambassador in Iraq and delivering a memorandum of protest, while pointing to the need to support air defense and to be the joint operations command Iraq, not the United States.
Saadawi said in a press statement, "The weakness of the government is the main reason for the survival of foreign forces on our territory, which is the same reason to target the headquarters of the Popular Mobilization," adding that "if we had a strong and determined prime minister and take positive decisions to remove all foreign forces as he did his predecessors when they pulled out the troops The US did not allow any American troops to remain inside our territories, and the sovereignty of Iraq will be restored with great force.
"Supporting air defense and equipping our air force with advanced aircraft and radars can detect any air breach with a missile defense system that can deal aggressively with this breach," Saadawi said. It is not the United States that is important and necessary because the Iraqi airspace up to the moment is in the hands of the American side.
"Supporting air defense and equipping our air force with advanced aircraft and radars can detect any air breach with a missile defense system that can deal aggressively with this breach," Saadawi said. It is not the United States that is important and necessary because the Iraqi airspace up to the moment is in the hands of the American side.
*************
ARTICLE 4
Iraqi interior ministry says Islamic State terrorist hotbed destroyed in Kirkuk
Aug 27, 2019, 11:18 am
Kirkuk (IraqiNews.com) – The Iraqi Interior Ministry said on Tuesday that its forces destroyed a hotbed belonging to the Islamic State terrorist group in Kirkuk province.
“Acting on intelligence information, federal police forces destroyed a hideout of the Islamic State group in the village of Hashisha, south of Kirkuk province,” Iraqi news website Alghad Press quoted Maj. Gen. Saad Maan, the ministry spokesman, as saying in a press statement.
“The troops also seized a weapon depot at al-Nawafla village in Kirkuk, containing an Austrian-made mortar shell and two boxes full of powerful C4 explosives,” the spokesman added.
Iraq declared the collapse of Islamic State’s territorial influence in November 2017 with the recapture of Rawa, a city on Anbar’s western borders with Syria, which was the group’s last bastion in Iraq.
IS declared a self-styled “caliphate” in a third of Iraq and neighboring Syria in 2014. A government campaign, backed by a U.S.-led international coalition and paramilitary forces, was launched in 2016 to retake IS-held regions, managing to retake all havens, most notably the city of Mosul, the group’s previously proclaimed capital.
*************
ARTICLE 5
UN security council to hold session on Iraq developments
Aug 27, 2019, 3:14 pm
Baghdad (IraqiNews.com) – The United Nations Security Council will hold a session on Wednesday afternoon to discuss the situation in Iraq.
The U session will be held on Wednesday at 3:00 pm (Baghdad local time), according to a statement by the United Nations Assistance Mission for Iraq (UNAMI).
UNAMI Head Jeanine Hennis-Plasschaert is expected to brief the session on the latest developments in Iraq and the work of the UN mission, the statement read.
A drone targeted on Sunday two vehicles belonging to the 45th brigade of the Popular Mobilization Forces south of al Qa’im district on the country’s border with Syria, leaving a paramilitary commander dead.
The U.S. military denied that it was behind the series of airstrikes on the weapons depots of the paramilitary Popular Mobilization Forces.
“U.S. forces did not conduct the recent attack on a convoy or any recent attacks that resulted in the explosion of ammunition storage facilities in Iraq,” Chief Pentagon Spokesperson for the Department of Defense Jonathan Rath Hoffmansaid said in a press statement.
“We support Iraqi sovereignty and have repeatedly spoken out against any potential actions by external actors inciting violence in Iraq.”
Iraq has been engulfed in political turmoil and sectarian violence since the Islamic State militant group controlled much of northern and western Iraq and proclaimed the creation of a “caliphate”.
No comments:
Post a Comment