WOTS Thursday 8/15/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1166.7000 | 1166.7000 | 1166.7000 | | 04:32 |
| USD/VND | | | 23051.9300 | 23042.5400 | 23042.5400 | | 03:55 |
| USD/CNY | | | 7.0375 | 7.0184 | 7.0232 | | 04:47 |
| USD/KWD | | | 0.3036 | 0.3032 | 0.3033 | | 04:31 |
| GBP/USD | | | 1.2101 | 1.2050 | 1.2054 | | 04:47 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14306.0000 | 14083.0000 | 14276.0000 | | 04:45 |
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DC NY Iraq Articles:dd
KRG Delegation to Visit Baghdad to Discuss Article 140
BasNews 15/08/2019 - 00:25 Published in Kurdistan
ERBIL - A delegation from the Kurdistan Regional Government (KRG) will visit Baghdad in the upcoming days for talks on the remaining issues between the sides, including the article 140 from the Iraqi Constitution.
Talking to Kurdistan 24, Mohammed Shakir, a Kurdish MP in the Iraqi Parliament, pointed out that the situation in Kirkuk province and the relations between Erbil and Baghdad should be improved first before working on the article 140.
However, the report noted that the Kurdistan Region and Iraq have been close to reaching an agreement to resolving the remaining disputes.
Based on the article, the fate of the disputed territories should be ensured through a referendum which provides the people of the contested areas to decide if they want to be governed by the regional or federal government.
Others accuse Abdul-Mahdi of failure and threatens a firm position
Release date:: 2019/8/15 8:50 • 277 times read
BAGHDAD: The Alliance accused the Prime Minister Adel Abdul Mahdi of failure, while threatening to take a firm stand.
"His coalition is ready to work to withdraw confidence from Abdul Mahdi if he continues the same performance in the administration of states," said MP Sairoun Rami al-Skaini.
He noted that "the political blocs and the House of Representatives will take another position against the prime minister if he continues in the same approach in the administration of the state."
Prime Minister Adel Abdul Mahdi had promised to present his government program to end the administration's dossier
He noted that "the political blocs and the House of Representatives will take another position against the prime minister if he continues in the same approach in the administration of the state."
Prime Minister Adel Abdul Mahdi had promised to present his government program to end the administration's dossier
Iraq confirms its rejection of any decision to blackmail the Palestinian territories on behalf of the Israeli entity
Release date:: 2019/8/15 11:16 • 61 times read
Foreign Minister Mohammed Ali al-Hakim, on Wednesday, Iraq rejected any decision to blackmail the Palestinian territories for the benefit of the Israeli entity.
In a statement issued by the Foreign Ministry, Al-Furat News said, "Her Minister had a telephone conversation with his Palestinian counterpart, Riyad al-Maliki, and discussed ways to enhance bilateral cooperation between the two countries and a number of regional issues, especially the most prominent developments in the region."
The minister affirmed that Iraq supports the Palestinian cause, the struggle of the Palestinian people to achieve their legitimate national rights, and the establishment of an independent state with Jerusalem as its capital.
The minister affirmed that Iraq supports the Palestinian cause, the struggle of the Palestinian people to achieve their legitimate national rights, and the establishment of an independent state with Jerusalem as its capital.
Al-Hakim expressed "Iraq's rejection of any decision that extorts the Palestinian territories to the expense of the Israeli entity, and calls for adherence to the resolutions of international legitimacy, and the importance of the international political track; because it has the acceptance and global support," stressing "the importance of providing the necessary support to efforts, and Palestinian efforts to achieve The goals of the people of Palestine are freedom, and independence. "Wednesday، 14 August 2019 01:37 AM
Iraqi militias take down Baghdad’s godfather of gambling
Iraqi militias take down Baghdad’s godfather of gambling
Iraq’s biggest ever crackdown on illegal gambling has resulted in the arrest of an organized crime leader who reportedly controlled all gambling in Baghdad.
Last week, gun-toting members of Iran-backed militias in Iraq and Syria (IMIS), a coalition of Shia militia groups that reportedly operate with funding from Iran, swooped down on a number of Baghdad hotels in search of “mafias, roulette clubs, casinos, drug dealers and prostitution rings.”
Local media reported that the raids resulted in the arrest of Hamza al-Shammari, allegedly the godfather of Iraq’s largest criminal organization, along with around 25 of his minions. The IMIS claimed al-Shammari “controlled all gambling, prostitution and drug trafficking sites” in the Baghdad area.
Along with the arrested suspects, the Operation Meridian raids – named after the hotel in which al-Shammari was reportedly holed up – resulted in the seizure of slot machines and other gambling gear, plus some narcotics, all of which was reportedly turned over to the Iraqi national security forces.
However, other media outlets quoted a security researcher saying that al-Shammari had some connections with the IMIS, and that the raids were probably launched “because he was not sharing the spoils of his misdeeds with the rest of the security services racket.”
While the IMIS is technically part of the Iraqi security apparatus, it operates with a degree of independence. The Iraqi government has yet to comment on the operation, but the IMIS claimed their raids were conducted “under the guidance of” Prime Minister Adil Abd al-Mahdi.
The Baghdad bust wasn’t the only illegal game recently rumbled in Iraq. In mid-July, police and security forces raided a building in Erbil, which is located in Kurdish-controlled northern Iraq, where they found “an electronic casino.”
This illegal business, which reportedly had its headquarters in Cyprus, was “linked to the internet,” and customers were given debit cards they could reload and gamble from home via their computers or phones. The local mayor said “unimaginable amounts of money were illegally sent out of Kurdistan through this casino daily.”
One doesn’t usually equate gambling with Iraq, unless one’s talking about the Baghdad Equestrian Club, which was founded by the British way back in 2010, shut down by Saddam Hussein, then reopened in a different location in 2003 following the ill-advised US invasion.
The mayor of Sinjar demands that the arms be confined to the judiciary by the state
August 15, 2019 - 11:33 am
Baghdad / Step Press
The mayor of Sinjar district, Mahma Khalil, called on Wednesday to confine weapons to the state in Sinjar district and employ its people in the security services to be able to protect the judiciary and themselves.
Khalil said in a statement on the occasion of the twelfth anniversary of the tragedy (Siba Shikhadri - Al-Jazeera Complex) in (Azir - Qahtaniya district), which claimed the lives of more than 400 dead and 500 wounded, all Yazidi religious component, that "there is an urgent need to provide protection for religious minorities and the reconstruction of their areas Especially in Sinjar, which has been more than once genocide. ”
He added that "this painful incident is the beginning of the genocide of the Yazidi component, before the tragedy, which has never been seen in history, when the Islamic State terrorist organization on August 3, 2014, stormed the region and did what it did to its people."
He promised "to give constitutional rights to the region and the application of Article 140, has become a necessary need," indicating that "if the government implemented Article 140 of the Constitution at the time, the disaster of 2014 would not have occurred."
He pointed out that "the catastrophe of the island complex is still stuck so far, represented by the presence of a large number of missing persons whose bodies have not been found, and the lack of access to their families and their rights and this in itself neglect and negligence against the Yazidi religious component."
Khalil called for “making Sinjar a safe area, enforcing the law in it, confining weapons to the state, employing its people in the state security institutions to be able to protect its area, forming a joint force of the army and the peshmerga to protect it, and arming and supervision of the international coalition to be a pillar of the safe area and creating a suitable ground for the return of displaced people. "The effects of genocide and the beginning of reconstruction."
It is noteworthy that four car bombs targeted the island compound on August 14, 2007, which led to the deaths of hundreds of Yezidis, one dead and one wounded.
Distributing the second meal of plots to the families of martyrs in Karbala
11:45 - 15/08/2019
Information / Baghdad
The Martyrs Foundation announced on Wednesday, the distribution of the second meal of plots of land after the Eid al-Adha.
"The director of the legal department in the foundation Aziz al-Mohammadawi discussed with the governor of Karbala Nassif al-Khattabi and in the presence of the head of the parliamentary investment committee MP Hamed al-Moussawi ways to address the problems and obstacles facing the distribution of land allocated to the families of martyrs," the Foundation said in a statement received.
She added, "The meeting also discussed the problems of the families of martyrs who want to obtain a piece of land in the province for those who were born from outside the province and whose names were not included in the first meal distributed on Sunday, 11/8/2019."
For his part, the governor promised, according to the statement "to include their names in addition to the names of employees of the Martyrs Foundation registered on the municipality of Karbala and within the second meal scheduled to begin distribution after Eid al-Adha."
The Foundation pointed out that “the two sides discussed the possibility of opening an authentication office affiliated to the Ministry of Foreign Affairs within the Directorate of the Martyrs of Karbala to facilitate the procedures of the families of martyrs residing outside Iraq and discuss the possibility of joint work in the field of investment. Najaf. " Finished 25 h
Kauaihn Iraq Articles:dd
International organization: Iraq has lost $ 36 billion in six years
In figures .. huge financial losses for Iraq in 6 years
Release date:: 2019/8/15 10:08 • 334 times read
An international organization of the United Nations revealed huge financial losses for Iraq in six years.
According to a report issued by the United Nations Development Organization (UNCTAD), "Iraq lost about $ 36 billion during the period from 2013 until the end of 2018 as a result of political instability and security and the ongoing war with ISIS and other terrorist elements."
The report added that "Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 billion dollars in 2017."
He noted that "race also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015."
The report promised in 2014 "the largest loss of foreign direct investment, where Iraq lost about 10.176 billion dollars, while lost 2.335 billion dollars in 2013."
He pointed to the "sharp decline of the Iraqi economy over the past years due to security and political unrest and wars in the region."
The report added that "Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 billion dollars in 2017."
He noted that "race also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015."
The report promised in 2014 "the largest loss of foreign direct investment, where Iraq lost about 10.176 billion dollars, while lost 2.335 billion dollars in 2013."
He pointed to the "sharp decline of the Iraqi economy over the past years due to security and political unrest and wars in the region."
Iraq: Sunni forces move to internationalize cliff bodies and warnings of complicity to obscure crime
Thursday 15 2019 - 01:00
Baghdad - d. Hamid Abdullah:
An Iraqi lawmaker has unveiled a move by Sunni forces to internationalize the issue of unidentified bodies recently found in the Jurf al-Sakhar area, closed more than five years ago.
MP Abdullah al-Kharbit said that the government's inability to reveal the fate of the disappeared, who have been absent for nearly five years, confirms its inability to provide clear answers to the relatives of those who say the Anbar Provincial Council says 2,800 of them were kidnapped at the security detachments of armed groups.
While politicians from the Sunni component criticized the position of the speaker of the Iraqi parliament, Mohammed Halbousi, who described dozens of unidentified bodies found in the area of Jurf al-Sakhr as "without a sectarian fingerprint" said the former governor of Nineveh and the leadership of the coalition coalition decision Atheel Nujaifi that the issue is not the number of bodies, but the nature of the crime committed And the identity of the victims, adding that the whole matter is the file of the absentees, which is still open without the government to provide a radical solution to it.
Information about the number of unidentified bodies that have been kept for five years in the refrigerators of the dead varied.
The city of Jurf al-Sakhr remained closed to the security, parliamentary, humanitarian and governmental authorities, where it was entrusted with an armed separation since its liberation from ISIS in 2014.
Political demands for access to the city and knowledge of what is going on inside Iraq are mounting, with Iraqi lawmakers expecting there to be weapons factories or sophisticated weapons stores similar to those that were struck by unknown bombs in the suburb of Doura three days ago and have caused significant damage to the area's residents.
A senior Iraqi officer said some of the bodies found belonged to ISIS operatives.
Babel police chief Maj. Gen. Ali Koh al-Zughaibi said the bodies began with the number one, unidentified, and ended with the number 31, a well-known person, but no one had been asked.
The question that the Sunni forces are looking for a satisfactory answer is: How did they kill them, who killed them, how and when?
These questions may be difficult for the Mahdi government to provide a clear answer.
The Revolutionary Guards praise the formation of "popular forces" in Iraq and the "defeat" of US policy
2019/08/14 05:03:05
The commander of Iran's Revolutionary Guards, Major General Hossein Salami, said Hizbullah has gained capabilities in Syria to eliminate Israel alone in any possible war, praising the formation of "popular forces" in Iraq.
"Hezbollah, through a proxy war in Syria, has gained the ability to eliminate Israel in any possible war alone," he said.
"Negotiating with America is a logic that the Iranian people have forgotten and removed from their minds," he said. "All the enemy is saying is a recipe for us to be defeated." .
"The enemy wanted to limit Iran's regional influence by imposing a takfiri conspiracy on the region," Salami said.
He stressed that "the formation of popular forces in Iraq and the defeat of US policy in Yemen demonstrates the mistake of his enemy policy with Iran, and by pursuing steadfastness we will eliminate poverty in Iran and develop our military and defense capabilities, and we will be before the enemy reaches anywhere and will not allow the region to be a touring place In whatever way he wants. "
Russian giant announces production of 1.8 million tons of oil in an Iraqi field in months
2019/08/15 05:40:42
Iraq's Badra oilfield has produced 1.8 million tons of oil since the beginning of 2019, Gazprom Naft, the oil production arm of Russian gas giant Gazprom, said on Thursday.
Gazprom owns a 30 percent stake in the project it operates. The Iraqi Oil Exploration Company controls 25 percent, South Korea's Kogas owns 22.5 percent, Malaysia's Petronas owns 15 percent and Turkey's TAPO 7.5 percent.
International organization: Iraq has lost $ 36 billion in six years
http://translate.
Iraq has lost $ 36 billion in six years, the United Nations Development Program (UNCTAD) said.
The organization said in a report, "Iraq lost about $ 36 billion during the period from 2013 until the end of 2018 as a result of political instability and security and the ongoing war with ISIS and other terrorist elements," noting that "Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 Billion dollars in 2017. "
She added that "Iraq also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015," noting that "the largest year in the loss of foreign direct investment, where Iraq lost about 10.176 billion dollars and lost 2.335 billion dollars in 2013."
"The Iraqi economy has fallen sharply over the past years due to security and political turmoil and wars in the region."
Al-Karbouli: He calls for dissolving the army only for a foreign agent, and he does not bid on him except a mercenary
15/08/2019
The head of the parliamentary bloc, Mohammed al-Karbouli, is the army's "first security institution in Iraq."
Karbouli said in a tweet on Twitter that "the army is the first Iraqi security institution to which the Iraqis go, and is the only one that hearts to love."
He pointed out that he "only calls for the dissolution of a foreign agent, and only mercenaries bid on him."
The leader of the Nujaba Movement, Yusuf al-Nasseri, described the Iraqi army in a televised speech as a "mercenary" and called for its dissolution, and assign its tasks to the popular mobilization.
The Joint Operations Command denounced this strange statement, calling on its owner to withdraw it and apologize for it, because this statement does not constitute an offense to the heroic Iraqi army, but to all martyrs and sacrificers of his sons and to the Iraqi people who sanctify his army, which is the army of the country and the citizen and made great sacrifices to protect Iraq and the people.
Kauaihn Economic Times:
Day Ahead - Top 3 Things to WatchStock Markets Aug 13, 2019 20:22 GMT Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Cisco Earnings on Tap Cisco (NASDAQ:CSCO) reports fourth-quarter earnings Wednesday after markets close amid concerns that weaker enterprise spending on networking equipment may dent growth. Concerns about networking spending rose to the fore last week when networking giant NetApp (NASDAQ:NTAP) warned first-quarter revenue would fall short of estimates, blaming global
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Top 5 Things to Know in the Market on WednesdayEconomy Aug 14, 2019 09:35 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 14: 1. Signs of economic downturn weigh on sentiment Worrying data from China and Germany added to fears of a potential global recession. China’s industrial output fell to a 17-year low in July in another sign that the trade conflict between Beijing and Washington is denting the world’s second largest economy. Trade tensions also dragged on China’s consumer and
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US-China trade war will lead to 'global spillovers,' strategist saysTapan Datta, head of global asset allocation at Aon, says the bond market will likely pull the Federal Reserve into further policy easing.
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The 30-year Treasury bond yield is on the brink of falling to an all-time lowThe longest-dated Treasury bond is a hair’s breadth away from plumbing its lowest level in history.
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Bonds meet these four criteria for being in a bubbleGerman bunds hit a record high and a fund manager survey shows the most bullish conditions in over a decade. Is it too much?
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Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zeroThere is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero realm.
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Bond Market Sees Recession Even Likelier TodayEconomy Aug 13, 2019 17:13 GMT Investing.com - President Donald Trump may have saved Christmas (for those holding toy company stocks), but he hasn’t saved the U.S. from the likelihood of a recession, according to the bond market. The 10-year and 2-year Treasury yield curve continued to flatten Tuesday, indicating that pessimism in the economy continues. Cash did flow into equities and out of bonds on the administration’s announcement it is delaying imposition of new 10% tariffs on many goods
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Crypto Markets Braced As China's Long-Awaited Bitcoin Rival 'Almost' HereBitcoin's release a little over ten yeas ago was a relatively small event that's had huge ramifications, with some of the world's biggest companies and countries getting into cryptocurrencies...
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Join CoinDesk at Our First Reader Meet-up in ArgentinaJoin us in Bueno Aires this Friday for our first international reader meet-up.
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Korea Prepaid Card Invests in Blockchain Startup BezantKorea Prepaid Card is the second largest investor in BaaS firm Bezant.
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60 Latin American Banks Can Now Use Bitcoin for Cross-Border PaymentsCrypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
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Coinbase Backs $4.3 Million Raise for New Crypto Derivatives ExchangeBlade, a crypto derivatives exchange that hasn't yet launched, has already won backing from major investors including Coinbase.
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Bitcoin's Bulls Now Have a Target of $13.2K, Monthly Chart SuggestsBitcoin now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests.
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This Crypto Is Worth Less Than 1 Cent. VCs Are Betting Millions on Its FutureThis healthcare startup is still growing, and attracting investment, long after raising $7.2 million in a 2017 token sale.
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Forex - U.S. Dollar Jumps as Trade Tariffs on China Delayed
Forex Aug 13, 2019 14:47 GMT Investing.com - The U.S. dollar surged on Tuesday after the U.S. Trade Representative delayed tariffs on a number of items, including toys and computer consoles. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, gained 0.4% to 97.570 by 10:46 AM ET (14:46 GMT). Tariffs on Chinese goods are being delayed to Dec. 15, while certain products are being removed due to “health, safety, national security and other
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China not looking to break Hong Kong dollar, will handle protesters
Leland Miller, CEO of China Beige Book International, joins CNBC's "Closing Bell" to discuss the state of Hong Kong protests and their effect on the markets.
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China fixes its yuan midpoint at 7.0326 per dollar, stronger than analysts expected
Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday's session, according to Reuters estimates.
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Exclusive: Yuan at right level, disorderly capital flows unlikely - China central bank official
China's yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday.
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Forex - Yen Gains despite Trade War Reprieve, Euro Steady
Forex Aug 14, 2019 08:07 GMT Investing.com - The safe haven yen was higher on Wednesday despite a decision by U.S. President Donald Trump to postpone additional tariffs on some Chinese imports, as investors remained skeptical over prospects for a swift resolution to the trade spat. The temporary reprieve in the trade war supported risk-off trades on Tuesday, but analysts warn that the optimism is already fading over a resolution to the trade war between the world’s two largest economies, which
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Zimbabwe: Interbank Trades Hit Us$5m Daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in his key note address at the Heroes Day commemoration in Harare yesterday. The President said Government is happy with the growing activity on the interbank market, which is also a sign of the dying black market that dominated foreign currency trading before Statutory Instrument 142 of 2019, also known as
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Wall Street sees risk of recession rising
Stocks are slipping and fears of a slowdown are mounting as Trump ramps up his reelection efforts.
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Bank of America says 1 in 3 chance of a recession within the year
Economists said fears of the U.S.-China trade war leading to a recession are increasing and many no longer expect a trade deal between the world's two largest economies before the 2020 election.
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https://www.npr.org/2019/08/
Average Americans more prosperous than Europeans: Former Bain Capital director
Americans are thriving more than Europeans-- proof is in the data.
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The $1 trillion US budget deficit is a big reason the Fed may have to cut rates
If low inflation, a wobbly economy and tariff jitters weren't enough to push the Federal Reserve to lower interest rates, there's also the simple reason of the swelling national debt.
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Why Should Venture Capitalists Invest In Emerging Markets?
They represent the intersection where venture capital is most powerful.
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Chinese tech startups are targeting emerging markets to make their mark
China is home to the world’s largest online population, with about 829 million internet users. This has been a boon for the numerous tech giants that reside there, but market saturation and slowing growth means they’re increasingly looking abroad for new…
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Argentina adding to deteriorating situation for emerging markets, analyst says
David Sneddon, head of technical analysis at Credit Suisse, discusses bonds and emerging markets.
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A New Look At Emerging Markets
Once emerging markets traded as a bloc, but that has changed as many of these markets have gained at China's expense during that country's trade dispute with the United States.
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Iran Sympathizes with India, China, Myanmar over Flood Casualties
Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has expressed regret over the heavy casualties and damages caused by the recent floods in India, China, and Myanmar.
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FM Zarif Warns US about Triggering Arms Race in Mideast
Iranian Foreign Minister Mohammad Javad Zarif has warned against an arms race in the Middle East, saying recent US weapons sales have turned the Persian Gulf region into a "tinderbox ready to blow up".
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Iran says U.S.-led naval coalition raises "risk of combustion" in Gulf
Trump admin is pushing allies to join a flotilla to keep Iran from interfering in the flow of crude oil out of the Persian Gulf
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Iran says Britain might release oil tanker soon, Gibraltar says not yet
The British territory of Gibraltar will not yet release an Iranian oil tanker seized by Royal Marines in the Mediterranean despite an Iranian report that it could do so on Tuesday, an official Gibraltar source said.
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Nearly 60,000 residential units to be added to Dubai market in 2019
Already, 20,978 units were completed in the first six months of 2019, according to Property Finder
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Zimbabwe: Ecocash Agents Make a Killing...Demand for Bond Notes, Coins Soars
Ecocash agents have turned their booths into illegal selling points of cash at exorbitant premiums ranging from 30 to 40 percent. For one to get bond coins and notes from EcoCash agents, he or she must transfer money into agent's account with an additional fee ranging between 30 prcent and 40 percent. For every cash-out transaction, the agents pocket an extra percentage, which they get in addition to the usual commission officially paid by Econet. Ordinary citizens who genuinely require cash to
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Zimbabwe: Interbank Trades Hit Us$5m Daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in his key note address at the Heroes Day commemoration in Harare yesterday. The President said Government is happy with the growing activity on the interbank market, which is also a sign of the dying black market that dominated foreign currency trading before Statutory Instrument 142 of 2019, also known as
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Zimbabwe: Govt Promotes Renewable Energy Investment
GOVERNMENT is considering a number of incentives to attract investment in renewable energy as part of efforts to ease power challenges that the country is facing, a Cabinet Minister has said. Energy and Power Development Minister, Fortune Chasi, said Government was focusing on promoting investment in renewable energy. "This is an ongoing discussion. We are looking at other possibilities around taxation and other incentives that can help investors to find us attractive," he said. Also in an
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Zimbabwe: Mutoko Independent Power Producer Pumps 2.5 Megawatts Into National Grid
Mutoko community is experiencing less hours of load shedding after a local Independent Power Producer, Nyangani Renewable Energy (NRE) started pumping its solar power into the national grid. NRE is the first solar scheme to be commissioned and to supply power into the national grid. Speaking to NewZimbabwe.com at the company's solar project in Mutoko Mashonaland East province Fungai Bvirakare, NRE station manager said the company is expecting to generate 10MW by year-end. "Our total capacity for
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Zimbabwe: Khupe Calls for More Efforts Towards Economic and Social Rights
While independence brought with it major freedoms around politics, Zimbabwe still needs to work hard to make sure citizens are accorded social and economic rights, the opposition MDC-T led by former Deputy Prime Minister Thokozani Khupe has said. In an interview with NewZimbabwe.com, the party's spokesperson, Khaliphani Phungeni said dialogue among leaders was the only way economic and social freedoms could be achieved. "As MDC-T, we have always saluted those who give us freedom. Right now we
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In The Midst Of Economic Challenges, Zimbabwe Finds A New Ally In The UAE: A Q&A With Zachary Smith
An interview with Washington D.C.-based geopolitical analyst Zachary Smith discussing an exciting new stage of cooperation between the United Arab Emirates (UAE) and Zimbabwe’s new, globally-focused government.
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A cash crunch heaps even more pain on Zimbabweans
Harare, Zimbabwe - Walker Ishmael Gombingo sits on the concrete pavement outside a bank in Zimbabwe's capital, Harare. Elderly and looking dejected, he is one of a growing horde of people forming a line on and off the pavement in the late morning sun. "I am exhausted. I have been in the queue since 6:00am and I didn't get anything," Gombingo told Al Jazeera. By anything, he means Zimdollars. Also known as "zollers", physical Zimdollar notes have become increasingly scarce since they became
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Zimbabwe’s children suffer from country’s economic crisis
HARARE, Zimbabwe — It is only a few hours since Zimbabwe’s schools closed for month-long August holidays and 13-year-old Tanyaradzwa is already milling outside a bar “doing business,” he says. He hawks cigarettes outside a dingy downtown bar in the capital, Harare and for a fee, helps motorists find parking space. “I am not a street kid. I come here to sell my things, go home and use the money to buy food,” said Tanyaradzwa, who did not give his last name to protect his privacy. With power cuts
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Zimbabwe after Mugabe: The country where pensions have disappeared
Chronic high inflation is hitting Zimbabweans hard but the government says there is no quick fix.
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ASIA
Hong Kong protests spark capital outflow fears, unnerve markets
By Noah Sin HONG KONG (Reuters) – Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness. The Hang Seng Index <.HSI> fell 2.1% to 25,281.30 points on Tuesday, down 16% from the year’s peak,...
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Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing
Singapore’s economy has been tipped to enter recession in the third quarter of 2019 as the fallout from the US-China trade war continues to rock the Southeast Asian nation after second quarter growth was confirmed at minus 3.3 per cent. The gross domestic…
Read in South China Morning Post: https://apple.news/
SE Asia Stocks-Drop on fragile global sentiment; Singapore cuts growth outlook
* Malaysia posts lowest close in nearly four years * Thai shares dragged lower by financial and industrialstocks By Soumyajit Saha Aug 13 (Reuters) - Southeast Asian stock markets ended loweron Tuesday, tracking global peers, with bellwether Singaporecutting its growth outlook as geopolitical tensions over HongKong protests and the Sino-U.S. trade dispute dented investorsentiment. The geopolitical tensions added to the gloom from an impassein the Sino-U.S. trade negotiations, ahead of further
Read in Reuters: https://apple.news/
China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving
Foreign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors. In July, foreign direct investment (FDI) into China rose 4.1 per cent from a year…
Read in South China Morning Post: https://apple.news/
The great global decoupling: The cold war between China and the U.S. is heating up
All signs point to a decades-long cold war with China, one reshaping global alliances, politics and economies.
Read in Axios: https://apple.news/
China's Xi gets tougher on Trump after new tariff threat
Facing another US tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down
Read in ABC News: https://apple.news/Axe-
China's been reluctant to use the 'big guns' on its economy
Dariusz Kowalczyk of Crédit Agricole discusses the outlook for the Chinese economy. He also says the chances of the U.S. and China reaching a compromise are very low.
Read in CNBC: https://apple.news/
China Industrial Output Growth in July was Slower Than Expected
Economic Indicators Aug 14, 2019 03:27 GMT Investing.com - China’s industrial output growth slowed more than expected in July, data from the National Bureau of Statistics showed on Wednesday. Growth of Industrial production dropped 4.8% year-on-year, compared with the expected 6.0% increase. It was the slowest since February 2002, according to Reuters. Retail sales growth also came in weaker than expected, rising 8.3% year-on-year in the first seven months of 2019. The growth dipped from an
Read in Investing.com: https://apple.news/AdlSx-
Italy is facing a 'most unlikely crisis,' expert says
Lorenzo Codogno, founder and chief economist of LC Macro Advisors, discusses the political situation in Italy.
Read in CNBC: https://apple.news/
Brexit blocking opportunities for new environmental legislation, Iceland MD says
Richard Walker, managing director of British food retailer Iceland, discusses the company's decision to eliminate plastic packaging from its shelves.
Read in CNBC: https://apple.news/
U.K. Doesn’t See EU Moving on Brexit for at Least a Month
The U.K. government doesn’t expect the European Union to shift its position on Brexit for at least a month, a person familiar with the matter said.
Read in Bloomberg: https://apple.news/Ax_
The Legal Clause That Makes Brexiteers Furious—And Why They Have a Point
A single issue is the focus of anger for those who want Britain to leave the EU.
Read in The Atlantic: https://apple.news/
European stocks jump as US delays China tariffs on phones and clothing
European stocks edged higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports.
Read in CNBC: https://apple.news/
German investor morale declines in August on dim economic outlook
Mubasher: German business sentiment endured a worse-than-expected slump in August, as the growth outlook for the Europe's biggest economy deteriorated due to ongoing trade disputes.
Read in Mubasher: https://apple.news/
German Economy Contracted in 2Q Under Trade War Pressure
Economic Indicators Aug 14, 2019 06:15 GMT Investing.com - Germany’s economy shrunk by 0.1% in the three months to June, caught in the cross-fire of the trade war between U.S. and China. Preliminary figures released on Wednesday by the state statistics office Destatis also showed that the annual rate of growth in Europe's largest economy slowed to zero, the worst performance since 2013, when the euro zone was still struggling with the hangover from its sovereign debt and banking crisis. Gross
Read in Investing.com: https://apple.news/
ECONOMIC TIMES / CHATTER
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The reason only 13% of millionaires feel wealthy
"Building wealth is often a complex journey. The reality is even people who have accumulated seven figures juggle many financial goals, wants and needs."
Read in Ladders: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: LA Opera to investigate Placido Domingo over accusations; Trump official: Statue of Liberty poem refers to Europeans; Flights restart at Hong Kong airport as protesters apologize
Read in ABC News: https://apple.news/
Gold hits more-than-6-year high as geopolitical fears rise
The gold rally continues, taking the precious metal to the latest in a string of more-than-six-year highs as investors keep an eye on protests in Hong Kong, the fallout from Argentina’s weekend primary elections and worries over the economic outlook tied to the U.S.-China trade war.
Read in MarketWatch: https://apple.news/
Gold Prices Mark Fresh 6-Year Highs; Plunging Yields, Safe-Haven Demand Support
Commodities Aug 13, 2019 13:48 GMT Investing.com - Gold prices jumped to fresh six-year highs on Tuesday as plunging bond yields worldwide further boosted the appeal of non-yielding bullion, while geopolitical tension in Hong Kong and Argentina supported demand for the safe-haven precious metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, gained $7.35, or 0.5%, to $1,524.55 a troy ounce by 9:43 AM ET (13:43 GMT). Gold’s intraday high of $1,545.95
Read in Investing.com: https://apple.news/A0mpe-
Gold Weekly: Shining On Macro Uncertainty
Gold prices continue to shine amid macro uncertainty caused by escalating trade tensions.Speculative funds look overextended on the long side, prompting us to stay cautious in the immediate term.Although we believe that the current macro environment is conducive to stronger safe-haven demand, we would not be surprised to see a temporary sell-off in gold prices by month-end.BAR: We are now on the sidelines after our monthly target of $14.55/share was hit in the first trading week of August.
Read in Seeking Alpha: https://apple.news/
Oil Stocks Could Soar but Occidental Will Lag Behind, JPMorgan Predicts
JPMorgan analyst Phil Gresh resumed coverage of the company with an Underweight rating. He still thinks the stock can rise this year, just not as much as other major oil names.
Read in Barron's: https://apple.news/AbvSH7oEaR-
Oil Jumps Sharply on U.S. Tariff Delay
Commodities Aug 13, 2019 15:27 GMT By Barani Krishnan Investing.com – Oil prices jumped more than 4%, extending the rally for a fourth-straight day despite a weak start on Tuesday as the Trump Administration’s decision to delay additional tariffs on some Chinese imports led to widespread hope that the trade war between the two countries was on the mend. New York-traded West Texas Intermediate crude jumped 2.37, or 4.3%, at $57.30 per barrel by 11:50 AM ET (15:50 GMT) after falling as much as 1.3
Read in Investing.com: https://apple.news/
Oil Prices Drop as Demand Worries Offset Hopes for Saudi-led Supply Cut
Forex Aug 13, 2019 12:31 GMT Investing.com - Oil prices traded lower on Tuesday, breaking a three-day winning streak, as concerns over a weakening global economy offset hopes that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures fell 45 cents, or 0.8%, to $54.48 a barrel by 8:28 AM ET (12:28 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., lost 23 cents, or 0.4%, to $58.34. Fears of a global recession
Read in Investing.com: https://apple.news/A_
Central banks in a race to zero, economist says
Daniel Lacalle, chief economist at Tressis Gestion, discusses central banking.
Read in CNBC: https://apple.news/
New Zealand's ASB Bank Takes Stake in Trade Finance Blockchain Startup
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.
Read in CoinDesk: https://apple.news/
Switzerland Is The Troubled Magnet For Flight To Safety Funds Spooked By Argentina
Swiss assets are gaining from the flight to safety trade. The situation in Argentina is just the latest driver of these flows.
Read in Forbes: https://apple.news/
European banks could break this level for the first time since financial crisis
European banks are facing a make-or-break moment, and one technician says the charts point to more pain ahead.
Read in CNBC: https://apple.news/
'We definitely see storm clouds on the horizon,' $93 billion money manager warns
Wilmington Trust's Anthony Roth suggests it's not too early to worry about next year's presidential election.
Read in CNBC: https://apple.news/
How Are Wall Street's Biggest Banks Doing When it Comes to Diversity? Congress Is Not Impressed
Women and minorities combined represent less than a quarter of senior leadership positions at the nation’s largest financial institutions.
Read in FORTUNE: https://apple.news/
GLOBAL/NEWS/INFO
The reason only 13% of millionaires feel wealthy
"Building wealth is often a complex journey. The reality is even people who have accumulated seven figures juggle many financial goals, wants and needs."
Read in Ladders: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: LA Opera to investigate Placido Domingo over accusations; Trump official: Statue of Liberty poem refers to Europeans; Flights restart at Hong Kong airport as protesters apologize
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Gold hits more-than-6-year high as geopolitical fears rise
The gold rally continues, taking the precious metal to the latest in a string of more-than-six-year highs as investors keep an eye on protests in Hong Kong, the fallout from Argentina’s weekend primary elections and worries over the economic outlook tied to the U.S.-China trade war.
Read in MarketWatch: https://apple.news/
Gold Prices Mark Fresh 6-Year Highs; Plunging Yields, Safe-Haven Demand Support
Commodities Aug 13, 2019 13:48 GMT Investing.com - Gold prices jumped to fresh six-year highs on Tuesday as plunging bond yields worldwide further boosted the appeal of non-yielding bullion, while geopolitical tension in Hong Kong and Argentina supported demand for the safe-haven precious metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, gained $7.35, or 0.5%, to $1,524.55 a troy ounce by 9:43 AM ET (13:43 GMT). Gold’s intraday high of $1,545.95
Read in Investing.com: https://apple.news/A0mpe-
Gold Weekly: Shining On Macro Uncertainty
Gold prices continue to shine amid macro uncertainty caused by escalating trade tensions.Speculative funds look overextended on the long side, prompting us to stay cautious in the immediate term.Although we believe that the current macro environment is conducive to stronger safe-haven demand, we would not be surprised to see a temporary sell-off in gold prices by month-end.BAR: We are now on the sidelines after our monthly target of $14.55/share was hit in the first trading week of August.
Read in Seeking Alpha: https://apple.news/
Oil Stocks Could Soar but Occidental Will Lag Behind, JPMorgan Predicts
JPMorgan analyst Phil Gresh resumed coverage of the company with an Underweight rating. He still thinks the stock can rise this year, just not as much as other major oil names.
Read in Barron's: https://apple.news/AbvSH7oEaR-
Oil Jumps Sharply on U.S. Tariff Delay
Commodities Aug 13, 2019 15:27 GMT By Barani Krishnan Investing.com – Oil prices jumped more than 4%, extending the rally for a fourth-straight day despite a weak start on Tuesday as the Trump Administration’s decision to delay additional tariffs on some Chinese imports led to widespread hope that the trade war between the two countries was on the mend. New York-traded West Texas Intermediate crude jumped 2.37, or 4.3%, at $57.30 per barrel by 11:50 AM ET (15:50 GMT) after falling as much as 1.3
Read in Investing.com: https://apple.news/
Oil Prices Drop as Demand Worries Offset Hopes for Saudi-led Supply Cut
Forex Aug 13, 2019 12:31 GMT Investing.com - Oil prices traded lower on Tuesday, breaking a three-day winning streak, as concerns over a weakening global economy offset hopes that OPEC would be able to cut supply enough to support prices. New York-traded West Texas Intermediate crude futures fell 45 cents, or 0.8%, to $54.48 a barrel by 8:28 AM ET (12:28 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., lost 23 cents, or 0.4%, to $58.34. Fears of a global recession
Read in Investing.com: https://apple.news/A_
BANKS/BANKING/CREDIT
Central banks in a race to zero, economist says
Daniel Lacalle, chief economist at Tressis Gestion, discusses central banking.
Read in CNBC: https://apple.news/
New Zealand's ASB Bank Takes Stake in Trade Finance Blockchain Startup
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.
Read in CoinDesk: https://apple.news/
Switzerland Is The Troubled Magnet For Flight To Safety Funds Spooked By Argentina
Swiss assets are gaining from the flight to safety trade. The situation in Argentina is just the latest driver of these flows.
Read in Forbes: https://apple.news/
European banks could break this level for the first time since financial crisis
European banks are facing a make-or-break moment, and one technician says the charts point to more pain ahead.
Read in CNBC: https://apple.news/
'We definitely see storm clouds on the horizon,' $93 billion money manager warns
Wilmington Trust's Anthony Roth suggests it's not too early to worry about next year's presidential election.
Read in CNBC: https://apple.news/
China Banking Official: 'People's Bank Digital Currency Can Now Be Said to Be Ready'
After five years in development, the deputy director of the People’s Bank of China’s Payments and Settlement Division, Mu Changchun, says, “(The) People’s Bank digital currency can now be said to be ready.” Shanghai Securities News (SSN) writes that Mu made the announcement at the third... Read More The post China Banking Official: “People’s Bank Digital Currency Can Now Be Said to Be Ready” appeared first on Crowdfund Insider.
After five years in development, the deputy director of the People’s Bank of China’s Payments and Settlement Division, Mu Changchun, says, “(The) People’s Bank digital currency can now be said to be ready.” Shanghai Securities News (SSN) writes that Mu made the announcement at the third... Read More The post China Banking Official: “People’s Bank Digital Currency Can Now Be Said to Be Ready” appeared first on Crowdfund Insider.
Read in Crowdfund Insider: https://apple.news/
How Are Wall Street's Biggest Banks Doing When it Comes to Diversity? Congress Is Not Impressed
Women and minorities combined represent less than a quarter of senior leadership positions at the nation’s largest financial institutions.
Read in FORTUNE: https://apple.news/
TREASURIES/BONDS/STOCKS
Day Ahead - Top 3 Things to WatchStock Markets Aug 13, 2019 20:22 GMT Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Cisco Earnings on Tap Cisco (NASDAQ:CSCO) reports fourth-quarter earnings Wednesday after markets close amid concerns that weaker enterprise spending on networking equipment may dent growth. Concerns about networking spending rose to the fore last week when networking giant NetApp (NASDAQ:NTAP) warned first-quarter revenue would fall short of estimates, blaming global
Read in Investing.com: https://apple.news/Am2xN_-
Top 5 Things to Know in the Market on WednesdayEconomy Aug 14, 2019 09:35 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 14: 1. Signs of economic downturn weigh on sentiment Worrying data from China and Germany added to fears of a potential global recession. China’s industrial output fell to a 17-year low in July in another sign that the trade conflict between Beijing and Washington is denting the world’s second largest economy. Trade tensions also dragged on China’s consumer and
Read in Investing.com: https://apple.news/AEs8NR8wJT3
US-China trade war will lead to 'global spillovers,' strategist saysTapan Datta, head of global asset allocation at Aon, says the bond market will likely pull the Federal Reserve into further policy easing.
Read in CNBC: https://apple.news/
The 30-year Treasury bond yield is on the brink of falling to an all-time lowThe longest-dated Treasury bond is a hair’s breadth away from plumbing its lowest level in history.
Read in MarketWatch: https://apple.news/
Bonds meet these four criteria for being in a bubbleGerman bunds hit a record high and a fund manager survey shows the most bullish conditions in over a decade. Is it too much?
Read in MarketWatch: https://apple.news/
Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zeroThere is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero realm.
Read in MarketWatch: https://apple.news/
Bond Market Sees Recession Even Likelier TodayEconomy Aug 13, 2019 17:13 GMT Investing.com - President Donald Trump may have saved Christmas (for those holding toy company stocks), but he hasn’t saved the U.S. from the likelihood of a recession, according to the bond market. The 10-year and 2-year Treasury yield curve continued to flatten Tuesday, indicating that pessimism in the economy continues. Cash did flow into equities and out of bonds on the administration’s announcement it is delaying imposition of new 10% tariffs on many goods
Read in Investing.com: https://apple.news/
CRYPTO / DIGITAL CURRENCIES
Crypto Markets Braced As China's Long-Awaited Bitcoin Rival 'Almost' HereBitcoin's release a little over ten yeas ago was a relatively small event that's had huge ramifications, with some of the world's biggest companies and countries getting into cryptocurrencies...
Read in Forbes: https://apple.news/
Join CoinDesk at Our First Reader Meet-up in ArgentinaJoin us in Bueno Aires this Friday for our first international reader meet-up.
Read in CoinDesk: https://apple.news/
Korea Prepaid Card Invests in Blockchain Startup BezantKorea Prepaid Card is the second largest investor in BaaS firm Bezant.
Read in CoinDesk: https://apple.news/
60 Latin American Banks Can Now Use Bitcoin for Cross-Border PaymentsCrypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
Read in CoinDesk: https://apple.news/A3k-
Coinbase Backs $4.3 Million Raise for New Crypto Derivatives ExchangeBlade, a crypto derivatives exchange that hasn't yet launched, has already won backing from major investors including Coinbase.
Read in CoinDesk: https://apple.news/
Bitcoin's Bulls Now Have a Target of $13.2K, Monthly Chart SuggestsBitcoin now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests.
Read in CoinDesk: https://apple.news/A_nrMB-z-
This Crypto Is Worth Less Than 1 Cent. VCs Are Betting Millions on Its FutureThis healthcare startup is still growing, and attracting investment, long after raising $7.2 million in a 2017 token sale.
Read in CoinDesk: https://apple.news/
CURRENCIES
Forex - U.S. Dollar Jumps as Trade Tariffs on China Delayed
Forex Aug 13, 2019 14:47 GMT Investing.com - The U.S. dollar surged on Tuesday after the U.S. Trade Representative delayed tariffs on a number of items, including toys and computer consoles. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, gained 0.4% to 97.570 by 10:46 AM ET (14:46 GMT). Tariffs on Chinese goods are being delayed to Dec. 15, while certain products are being removed due to “health, safety, national security and other
Read in Investing.com: https://apple.news/
China not looking to break Hong Kong dollar, will handle protesters
Leland Miller, CEO of China Beige Book International, joins CNBC's "Closing Bell" to discuss the state of Hong Kong protests and their effect on the markets.
Read in CNBC: https://apple.news/
China fixes its yuan midpoint at 7.0326 per dollar, stronger than analysts expected
Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday's session, according to Reuters estimates.
Read in CNBC: https://apple.news/
Exclusive: Yuan at right level, disorderly capital flows unlikely - China central bank official
China's yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday.
Read in Reuters: https://apple.news/
Forex - Yen Gains despite Trade War Reprieve, Euro Steady
Forex Aug 14, 2019 08:07 GMT Investing.com - The safe haven yen was higher on Wednesday despite a decision by U.S. President Donald Trump to postpone additional tariffs on some Chinese imports, as investors remained skeptical over prospects for a swift resolution to the trade spat. The temporary reprieve in the trade war supported risk-off trades on Tuesday, but analysts warn that the optimism is already fading over a resolution to the trade war between the world’s two largest economies, which
Read in Investing.com: https://apple.news/AF_PoU_
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in his key note address at the Heroes Day commemoration in Harare yesterday. The President said Government is happy with the growing activity on the interbank market, which is also a sign of the dying black market that dominated foreign currency trading before Statutory Instrument 142 of 2019, also known as
Read in AllAfrica: https://apple.news/
HEALTH / SCIENCE
Germophobe Or Not, You Really Need To Clean Your Mattress—Here's How
Remove years of buildup in minutes.
Read in Women's Health: https://apple.news/
You Need To Get Your Flu Shot Way Sooner Than You Think
We're talking end of August, people.
Read in Women's Health: https://apple.news/
What Is the Ayurvedic Diet—and Can It Help You Lose Weight?
This ancient way of eating has you choosing foods based on your body shape.
Read in Health: https://apple.news/
No-deal Brexit could deepen Europe's medicine shortages
As the October 31 deadline for Britain to leave the European Union approaches, health professionals are warning that shortages of some medicines could worsen in Europe in the event of a no-deal Brexit. Britain's food and drink lobby warned last week that the country would experience shortages of some fresh foods if there was a disorderly no-deal Brexit. Pharmaceutical companies have expressed similar concerns about medicines, and some have reserved air freight capacity to fly in supplies if
Read in Aljazeera: https://apple.news/
Measles cases in Europe already surpassed 2018 total amid global outbreaks, WHO warn
There have been more measles cases in Europe this year than in the entirety of 2018, the World Health Organization has warned.
Read in The Telegraph: https://apple.news/
Israeli flight attendant dies from measles
The woman fell ill during an El Al flight in April, amid a worldwide rise in cases of the disease.
Read in BBC News: https://apple.news/AVvxELEk_
Germophobe Or Not, You Really Need To Clean Your Mattress—Here's How
Remove years of buildup in minutes.
Read in Women's Health: https://apple.news/
You Need To Get Your Flu Shot Way Sooner Than You Think
We're talking end of August, people.
Read in Women's Health: https://apple.news/
What Is the Ayurvedic Diet—and Can It Help You Lose Weight?
This ancient way of eating has you choosing foods based on your body shape.
Read in Health: https://apple.news/
No-deal Brexit could deepen Europe's medicine shortages
As the October 31 deadline for Britain to leave the European Union approaches, health professionals are warning that shortages of some medicines could worsen in Europe in the event of a no-deal Brexit. Britain's food and drink lobby warned last week that the country would experience shortages of some fresh foods if there was a disorderly no-deal Brexit. Pharmaceutical companies have expressed similar concerns about medicines, and some have reserved air freight capacity to fly in supplies if
Read in Aljazeera: https://apple.news/
Measles cases in Europe already surpassed 2018 total amid global outbreaks, WHO warn
There have been more measles cases in Europe this year than in the entirety of 2018, the World Health Organization has warned.
Read in The Telegraph: https://apple.news/
Israeli flight attendant dies from measles
The woman fell ill during an El Al flight in April, amid a worldwide rise in cases of the disease.
Read in BBC News: https://apple.news/AVvxELEk_
USA / CANADA
Wall Street sees risk of recession rising
Stocks are slipping and fears of a slowdown are mounting as Trump ramps up his reelection efforts.
Read in POLITICO: https://apple.news/A_
Bank of America says 1 in 3 chance of a recession within the year
Economists said fears of the U.S.-China trade war leading to a recession are increasing and many no longer expect a trade deal between the world's two largest economies before the 2020 election.
Read in Daily Mail: https://apple.news/
Trump Administration Delays Some China Tariffs
The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cell phones, some clothing, and other items are now set to begin Dec. 15.
Average Americans more prosperous than Europeans: Former Bain Capital director
Americans are thriving more than Europeans-- proof is in the data.
Read in Fox Business: https://apple.news/
The $1 trillion US budget deficit is a big reason the Fed may have to cut rates
If low inflation, a wobbly economy and tariff jitters weren't enough to push the Federal Reserve to lower interest rates, there's also the simple reason of the swelling national debt.
Read in CNBC: https://apple.news/
EMERGING MARKETS
Why Should Venture Capitalists Invest In Emerging Markets?
They represent the intersection where venture capital is most powerful.
Read in Quora: https://apple.news/AFa1l-
Chinese tech startups are targeting emerging markets to make their mark
China is home to the world’s largest online population, with about 829 million internet users. This has been a boon for the numerous tech giants that reside there, but market saturation and slowing growth means they’re increasingly looking abroad for new…
Read in South China Morning Post: https://apple.news/
Argentina adding to deteriorating situation for emerging markets, analyst says
David Sneddon, head of technical analysis at Credit Suisse, discusses bonds and emerging markets.
Read in CNBC: https://apple.news/
A New Look At Emerging Markets
Once emerging markets traded as a bloc, but that has changed as many of these markets have gained at China's expense during that country's trade dispute with the United States.
Read in Forbes: https://apple.news/
MIDDLE EAST
Iran Sympathizes with India, China, Myanmar over Flood Casualties
Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has expressed regret over the heavy casualties and damages caused by the recent floods in India, China, and Myanmar.
Read in IFP News: https://apple.news/
FM Zarif Warns US about Triggering Arms Race in Mideast
Iranian Foreign Minister Mohammad Javad Zarif has warned against an arms race in the Middle East, saying recent US weapons sales have turned the Persian Gulf region into a "tinderbox ready to blow up".
Read in IFP News: https://apple.news/
Iran says U.S.-led naval coalition raises "risk of combustion" in Gulf
Trump admin is pushing allies to join a flotilla to keep Iran from interfering in the flow of crude oil out of the Persian Gulf
Read in CBS News: https://apple.news/
Iran says Britain might release oil tanker soon, Gibraltar says not yet
The British territory of Gibraltar will not yet release an Iranian oil tanker seized by Royal Marines in the Mediterranean despite an Iranian report that it could do so on Tuesday, an official Gibraltar source said.
Read in Reuters: https://apple.news/
Nearly 60,000 residential units to be added to Dubai market in 2019
Already, 20,978 units were completed in the first six months of 2019, according to Property Finder
Read in Gulf Business: https://apple.news/
AFRICA
Zimbabwe: Ecocash Agents Make a Killing...Demand for Bond Notes, Coins Soars
Ecocash agents have turned their booths into illegal selling points of cash at exorbitant premiums ranging from 30 to 40 percent. For one to get bond coins and notes from EcoCash agents, he or she must transfer money into agent's account with an additional fee ranging between 30 prcent and 40 percent. For every cash-out transaction, the agents pocket an extra percentage, which they get in addition to the usual commission officially paid by Econet. Ordinary citizens who genuinely require cash to
Read in AllAfrica: https://apple.news/
Zimbabwe: Interbank Trades Hit Us$5m Daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in his key note address at the Heroes Day commemoration in Harare yesterday. The President said Government is happy with the growing activity on the interbank market, which is also a sign of the dying black market that dominated foreign currency trading before Statutory Instrument 142 of 2019, also known as
Read in AllAfrica: https://apple.news/
Zimbabwe: Govt Promotes Renewable Energy Investment
GOVERNMENT is considering a number of incentives to attract investment in renewable energy as part of efforts to ease power challenges that the country is facing, a Cabinet Minister has said. Energy and Power Development Minister, Fortune Chasi, said Government was focusing on promoting investment in renewable energy. "This is an ongoing discussion. We are looking at other possibilities around taxation and other incentives that can help investors to find us attractive," he said. Also in an
Read in AllAfrica: https://apple.news/A3IgM-
Zimbabwe: Mutoko Independent Power Producer Pumps 2.5 Megawatts Into National Grid
Mutoko community is experiencing less hours of load shedding after a local Independent Power Producer, Nyangani Renewable Energy (NRE) started pumping its solar power into the national grid. NRE is the first solar scheme to be commissioned and to supply power into the national grid. Speaking to NewZimbabwe.com at the company's solar project in Mutoko Mashonaland East province Fungai Bvirakare, NRE station manager said the company is expecting to generate 10MW by year-end. "Our total capacity for
Read in AllAfrica: https://apple.news/
Zimbabwe: Khupe Calls for More Efforts Towards Economic and Social Rights
While independence brought with it major freedoms around politics, Zimbabwe still needs to work hard to make sure citizens are accorded social and economic rights, the opposition MDC-T led by former Deputy Prime Minister Thokozani Khupe has said. In an interview with NewZimbabwe.com, the party's spokesperson, Khaliphani Phungeni said dialogue among leaders was the only way economic and social freedoms could be achieved. "As MDC-T, we have always saluted those who give us freedom. Right now we
Read in AllAfrica: https://apple.news/ASLT5-
In The Midst Of Economic Challenges, Zimbabwe Finds A New Ally In The UAE: A Q&A With Zachary Smith
An interview with Washington D.C.-based geopolitical analyst Zachary Smith discussing an exciting new stage of cooperation between the United Arab Emirates (UAE) and Zimbabwe’s new, globally-focused government.
Read in Forbes: https://apple.news/
A cash crunch heaps even more pain on Zimbabweans
Harare, Zimbabwe - Walker Ishmael Gombingo sits on the concrete pavement outside a bank in Zimbabwe's capital, Harare. Elderly and looking dejected, he is one of a growing horde of people forming a line on and off the pavement in the late morning sun. "I am exhausted. I have been in the queue since 6:00am and I didn't get anything," Gombingo told Al Jazeera. By anything, he means Zimdollars. Also known as "zollers", physical Zimdollar notes have become increasingly scarce since they became
Read in Aljazeera: https://apple.news/
Zimbabwe’s children suffer from country’s economic crisis
HARARE, Zimbabwe — It is only a few hours since Zimbabwe’s schools closed for month-long August holidays and 13-year-old Tanyaradzwa is already milling outside a bar “doing business,” he says. He hawks cigarettes outside a dingy downtown bar in the capital, Harare and for a fee, helps motorists find parking space. “I am not a street kid. I come here to sell my things, go home and use the money to buy food,” said Tanyaradzwa, who did not give his last name to protect his privacy. With power cuts
Read in New York Post: https://apple.news/
Zimbabwe after Mugabe: The country where pensions have disappeared
Chronic high inflation is hitting Zimbabweans hard but the government says there is no quick fix.
Read in BBC News: https://apple.news/
Hong Kong protests spark capital outflow fears, unnerve markets
By Noah Sin HONG KONG (Reuters) – Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness. The Hang Seng Index <.HSI> fell 2.1% to 25,281.30 points on Tuesday, down 16% from the year’s peak,...
Read in CreaWorldNews: https://apple.news/
Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing
Singapore’s economy has been tipped to enter recession in the third quarter of 2019 as the fallout from the US-China trade war continues to rock the Southeast Asian nation after second quarter growth was confirmed at minus 3.3 per cent. The gross domestic…
Read in South China Morning Post: https://apple.news/
SE Asia Stocks-Drop on fragile global sentiment; Singapore cuts growth outlook
* Malaysia posts lowest close in nearly four years * Thai shares dragged lower by financial and industrialstocks By Soumyajit Saha Aug 13 (Reuters) - Southeast Asian stock markets ended loweron Tuesday, tracking global peers, with bellwether Singaporecutting its growth outlook as geopolitical tensions over HongKong protests and the Sino-U.S. trade dispute dented investorsentiment. The geopolitical tensions added to the gloom from an impassein the Sino-U.S. trade negotiations, ahead of further
Read in Reuters: https://apple.news/
China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving
Foreign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors. In July, foreign direct investment (FDI) into China rose 4.1 per cent from a year…
Read in South China Morning Post: https://apple.news/
The great global decoupling: The cold war between China and the U.S. is heating up
All signs point to a decades-long cold war with China, one reshaping global alliances, politics and economies.
Read in Axios: https://apple.news/
China's Xi gets tougher on Trump after new tariff threat
Facing another US tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down
Read in ABC News: https://apple.news/Axe-
China's been reluctant to use the 'big guns' on its economy
Dariusz Kowalczyk of Crédit Agricole discusses the outlook for the Chinese economy. He also says the chances of the U.S. and China reaching a compromise are very low.
Read in CNBC: https://apple.news/
China Industrial Output Growth in July was Slower Than Expected
Economic Indicators Aug 14, 2019 03:27 GMT Investing.com - China’s industrial output growth slowed more than expected in July, data from the National Bureau of Statistics showed on Wednesday. Growth of Industrial production dropped 4.8% year-on-year, compared with the expected 6.0% increase. It was the slowest since February 2002, according to Reuters. Retail sales growth also came in weaker than expected, rising 8.3% year-on-year in the first seven months of 2019. The growth dipped from an
Read in Investing.com: https://apple.news/AdlSx-
EUROPE
Italy is facing a 'most unlikely crisis,' expert says
Lorenzo Codogno, founder and chief economist of LC Macro Advisors, discusses the political situation in Italy.
Read in CNBC: https://apple.news/
Brexit blocking opportunities for new environmental legislation, Iceland MD says
Richard Walker, managing director of British food retailer Iceland, discusses the company's decision to eliminate plastic packaging from its shelves.
Read in CNBC: https://apple.news/
U.K. Doesn’t See EU Moving on Brexit for at Least a Month
The U.K. government doesn’t expect the European Union to shift its position on Brexit for at least a month, a person familiar with the matter said.
Read in Bloomberg: https://apple.news/Ax_
The Legal Clause That Makes Brexiteers Furious—And Why They Have a Point
A single issue is the focus of anger for those who want Britain to leave the EU.
Read in The Atlantic: https://apple.news/
European stocks jump as US delays China tariffs on phones and clothing
European stocks edged higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports.
Read in CNBC: https://apple.news/
German investor morale declines in August on dim economic outlook
Mubasher: German business sentiment endured a worse-than-expected slump in August, as the growth outlook for the Europe's biggest economy deteriorated due to ongoing trade disputes.
Read in Mubasher: https://apple.news/
German Economy Contracted in 2Q Under Trade War Pressure
Economic Indicators Aug 14, 2019 06:15 GMT Investing.com - Germany’s economy shrunk by 0.1% in the three months to June, caught in the cross-fire of the trade war between U.S. and China. Preliminary figures released on Wednesday by the state statistics office Destatis also showed that the annual rate of growth in Europe's largest economy slowed to zero, the worst performance since 2013, when the euro zone was still struggling with the hangover from its sovereign debt and banking crisis. Gross
Read in Investing.com: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
Closed this week.
The CBI for Thursday 8/14/19 did update on the indicative rates Sell Rate 1190
The currency auction is
There are no news and announcements.
Closed this week.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-15-2019 Intel Guru MarkZ [Is Trump doing all he can to help us.] Trump is the first President to want this reset…the first one not to actively stop it… In Iraq. No new value on the dinar yet. Nothing posted in the Gazette today. Still hearing the street rate is $3.91...Our contract rates should be about $2 higher.
8-14-2019 Intel Guru MarkZ [Can Iraq go without the GCR?] They can...it would only be an in-country RV because of the Gold treaty...That’s what Kuwait did…they kept it in-country and quiet for 10 days before it went international.
8-14-2019 Newshound/Intel Guru Adam Montana [My personal belief is the corruption factor has to be eliminated and/or all previous crooks have to be dealt with.] Fact is, corruption exists and always will - yet progress still continues. We will never see a complete elimination of it, so the question becomes “what level of corruption will allow for the next progression?” I wholeheartedly believe Iraq has made enough progress in this area to allow an RV.
8-14-2019 Newshound Guru Dinar Investor - Jeff Will the smaller denomination come out before the RI/RV? In my opinion, no...Banks are stocked and ready to go. Basically the day the rate changes the banks will have the drawers stocked ready to start passing them out. It's that simple. So no they are not going to come out ahead of time. They'll come out the same morning that the rate changes. It's all going to happen together at the same time...
8-14-2019 Newshound/Intel Guru Mnt Goat Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented. This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros. Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction...
8-14-2019 Newshound Guru Adam Montana We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL... Article quote: "the committee did not address the discussion of the law of oil and gas, stressing the interest of the Committee on this subject and it will be a priority to legislate this law during the next phase." This Iraqi dinar RV really looks like it's in the final stages...
8-14-2019 Newshound Guru Dinar Investor - Jeff Even though parliament isn't in session...can they still revalue the currency? The answer to that is yes and no. Let me tell you why it's yes. Technically there are laws in place. The CBI is completely autonomous from the government. They are a separate group, a separate structure. They do their own thing with the money. The government does their own thing with laws and legislation. BUT in this instance the CBI made it very clear they are seeking stability. That's why we're waiting on the formation of the government. Because of how much money has been stolen from the government. This is very important to Iraq to remove all the corruption and get a solid formed technocrat government in place...
8-14-2019 Intel Guru Frank26 ...the CBI is on a vicious campaign to educate the citizens and make sure that it works with them because if it doesn't work internally...the reinstatement of the Iraqi dinar will never leave the country and go externally and internationally and grow with value...everyday the CBI is letting you know and the citizens know... [via firefly77] our electronic billboards are showing the ATM machines. The citizens MasterCard is plastered all over these billboards...it's a commercial but at the same time it's education...
8-14-2019 Intel Guru MarkZ [I just read ...that the Dong wont be revalued for 2 to 3 years AFTER the RV starts...Thoughts?] I still believe its in the first basket...I saw that rumor which makes me think its misinformation or smoke…Vietnam holds a great deal of Iraqi dinar in their treasury/foreign currency reserves just like Iraq holds a great deal of VND. …it would be a huge imbalance if they did not go together…Remember when Kuwait RV’d they said they were months or years away from revaluing…remember in the 90’s China said in a number of articles that no way were they ready to rv their currency and bam…they did it the next day. IMO this disinformation means we are very close.
8-14-2019 Newshound Guru Kaperoni ...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 8-14-2019 around 9 am Eastern
Eid Al-Adha is an opportunity for Iraqis to spend time with family, meet with friends, and visit parks, cafes, shops and malls. We wish them all a happy #Eid.
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ARTICLE 3
Deputy of Wisdom: The next legislative term will be full of interrogations
2019/8/14 17:00
[Baghdad-Where]
Wisdom MP Abbas Sarout said on Tuesday that the next legislative term will include the replacement of a number of ministers because of their unconvincing performance for the government and the House of Representatives and even the citizen.
Sarout said that "the next legislative term will be full of interrogations of many ministers who have completed its files," noting "some of them formally submitted to the presidency of the Council to set a date after the legislative holiday."
He explained that "interrogations are a healthy phenomenon to evaluate the work of the government and is an inevitable result of the imbalance in the performance of some ministers."
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ARTICLE 4
The House of Representatives is about to amend its rules of procedure soon
2019/8/14 14:47
[Baghdad-Where]
According to a parliamentary source, the Iraqi Council of Representatives is about to amend its rules of procedure.
The source said in a press statement, on Wednesday, that "the vote on the amendment of the rules of procedure will be at the beginning of the new legislative term, pointing out," The Presidency of the House of Representatives tasked the Legal Committee to prepare a final wording to amend some paragraphs of its rules of procedure.
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ARTICLE 5
Expected impact after the entry of Chinese leading technology company “iPayLinks” on the Middle East market
15/08/2019
The Middle East is rapidly establishing itself as an emerging market for cross-border e-commerce due to the proliferation of smartphones and the increasing purchasing power of consumers.
The entry of iPayLinks to the regional market is an important event that will change the rules of the economic game in the region, where the long-awaited entry of China's leading provider of remote payment services! Today, iPayLinks, which has a licensed branch in Dubai, as well as a SAGIA-licensed subsidiary in Riyadh, aims to build comprehensive payment solutions for businesses across the Middle East.
This has made the region an attractive e-commerce destination with a large and medium-sized competitor struggling to get the biggest share of this promising economic movement! MENA online sales have continued to record impressive growth over the years and the region's trade volume is expected to reach $ 26 billion by 2020.
The GCC aims to strengthen trade and investment ties with the world's second largest economy - China, following 35 years of strong diplomatic ties between the GCC and China. Today, with the latest measures, it is believed that more than 2,000 companies will benefit from bilateral relations, as Chinese Internet giants “Tencent” and “DiDi” will expand their horizons in the region.
Headquartered in Shanghai's business center, iPayLinks is expected to build a bridge between China's online payment industry and the Middle East, which will ultimately contribute to the growth of e-commerce in the region and provide convenient payment facilities.
Bin Wang, Regional Manager, said: “Today, the trend of companies in the GCC region is to deal directly with B2C in terms of e-payments. We also expect many companies to move towards cooperation among themselves as well as not only with consumers. As more and more companies are ready to move most of their payment options online, the GCC and the UAE, in particular, are at the forefront because more local businesses are adopting cross-border businesses, so iPayLinks today The strategic location to provide seamless services that enhance e-commerce across the border. "He added:" solutions and services that will be communicated will be time-sensitive and meet the regional e-commerce business requirements through cooperation with regional companies and financial institutions. "
Following the growth and challenges of Fintech startups and cross-border prosperity in the region, iPayLinks also aims to create a cross-border e-portfolio for businesses and market traders.
According to iPayLinks, this will help simplify the payment process by vendors in the region, which in turn will boost revenue and avoid additional fees.
With companies such as Tencent Group, Vision Capital, Legend Capital and many SEA funds, iPayLinks has an impressive financial network in Asia, the European Union and the United States, with more than 2,000 e-commerce merchants worldwide from different sectors such as e-retail. And OTAs and virtual content, with iPayLinks comprehensive payment solutions services.
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