WOTS Thursday 8/22/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1164.8000 | 1164.8000 | 1164.8000 | | 00:00 |
| USD/VND | | | 23204.5100 | 23204.5100 | 23204.5100 | | 01:30 |
| USD/CNY | | | 7.0836 | 7.0620 | 7.0620 | | 03:26 |
| USD/KWD | | | 0.3035 | 0.3031 | 0.3033 | | 03:19 |
| GBP/USD | | | 1.2155 | 1.2108 | 1.2120 | | 03:26 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14258.0000 | 14045.0000 | 14219.0000 | | 03:25 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:dd
Parliamentary proposal on the mechanism of managing the country's financial resources
Date of editing:: 2019/8/28 8:59 • 96 times read
A member of the committee to follow up the implementation of the government program, Anaam al-Khuzaie, on Thursday, to review the mechanism of managing the financial resources of the country and overcome the financial routine.
"The problem of deprivation, poverty and lack of services in the southern governorates, despite being floating on a sea of black gold, despite the general budget's dependence on oil imports from these governorates, has worsened," Khuzaie said in a statement. It included the general budget of the proportion of petrodollars and investment allocations specified for these provinces, but the situation of living and service has not changed, but has worsened during the previous years.
"The delay in launching investment allocations and the short period between the arrival of these allocations to the governorates and the end of the fiscal year is the main reason for the survival of the situation as it is and increasing the rate of disadvantage, poverty and lack of services," pointing out that "this painful reality requires reviewing the management mechanism The financial resources of the country and to overcome the existing financial routine through the establishment of the Public Projects Fund or the Investment Fund, in which the overflow of the public budget is deposited annually at the end of December in order to finance projects approved after the start of the new fiscal year 1 January to ensure financing For ongoing projects and to get rid of the problem of the financing gap occurring between the beginning of the year and through the adoption of the budget and the deployment and launch of the customizations that may be up to 6 months. "
Al-Khuzai pointed out that "this problem is repeated every year," stressing that "the opportunity exists this year to implement the proposal of the projects fund or investment fund and to overcome all obstacles that limit its legislation and its application on the ground to serve the oppressed Iraqi people and to improve the service and investment reality and create new jobs In Iraq. "
"The delay in launching investment allocations and the short period between the arrival of these allocations to the governorates and the end of the fiscal year is the main reason for the survival of the situation as it is and increasing the rate of disadvantage, poverty and lack of services," pointing out that "this painful reality requires reviewing the management mechanism The financial resources of the country and to overcome the existing financial routine through the establishment of the Public Projects Fund or the Investment Fund, in which the overflow of the public budget is deposited annually at the end of December in order to finance projects approved after the start of the new fiscal year 1 January to ensure financing For ongoing projects and to get rid of the problem of the financing gap occurring between the beginning of the year and through the adoption of the budget and the deployment and launch of the customizations that may be up to 6 months. "
Al-Khuzai pointed out that "this problem is repeated every year," stressing that "the opportunity exists this year to implement the proposal of the projects fund or investment fund and to overcome all obstacles that limit its legislation and its application on the ground to serve the oppressed Iraqi people and to improve the service and investment reality and create new jobs In Iraq. "
Mr. Ammar al-Hakim urges the government to redress the victims of terrorism and return the displaced
Date of edit:: 2019/8/22 11:26 • 38 times read
The head of the National Wisdom Movement, Mr. Ammar al-Hakim, urged the government to redress the victims of terrorism and return the displaced.
"On the International Day of Commemoration of Victims of Terrorism, we renew our call to the international community and its human rights and humanitarian organizations and all religious, political, social, academic and artistic activities around the globe to unite to expose the goals and dangers of the scourge of terrorism that has proved," The world has no respect for religion, preserving edema or relying on logic or holding it against proof, and working to dry up its sources and hold accountable its financiers and supporters. "
"We are investing this occasion to urge the Iraqi government and the governments of the whole world to give justice to all those affected by the victims of terrorism, physically and morally, to return those who have been displaced to their areas after their reconstruction and to provide a decent living in them.
"
"We are investing this occasion to urge the Iraqi government and the governments of the whole world to give justice to all those affected by the victims of terrorism, physically and morally, to return those who have been displaced to their areas after their reconstruction and to provide a decent living in them.
Integrity demands financial dues for Green Zone real estate
22-08-2019 11:59 AM
Baghdad
The Integrity Commission announced on Thursday the directive of Prime Minister Adel Abdul Mahdi to form a committee to move to real estate occupied by the current and former officials, and determine the date of their occupation and the financial entitlements due to the occupants, in order to pay.
The directives came after the Prime Minister was briefed on the results of the report prepared by the Authority on the measures taken on the distinctive real estate belonging to the state in Baghdad and the provinces seized by officials and influential reached by the Central Authority team The committee consists of the Real Estate Department of the Prime Minister's Office, the State Real Estate Department of the Ministry of Finance and the Federal Audit Bureau.
The department pointed to 'the establishment of a central task force in Baghdad and sub-teams in the provinces to take stock of all these properties, including allocated or exploited by officials officially under laws or decisions, in addition to real estate seized by parties, associations or individuals in the regions and places Classified as important real estate (distinct) ', pointing to' the teams to collect data, audit and sorting and the preparation of an information base in those real estate in coordination and follow-up with the relevant authorities
She added, 'The Commission has opened the Prime Minister's Office; in order to modify the rates of deduction of rent allowances for distinguished properties belonging to the state in Baghdad and the provinces by between 15% -30% of the total salaries of the occupants of real estate covered by resolution No. 300 of 2015'
The Department called on ministries and non-ministry related bodies to 'take legal action against the violators on state property, and the need to evacuate them within a specified period, in addition to follow-up to resolve the lawsuits filed for the eviction of the abusers, and demand a proverbial fee for real estate exceeded since the date of exceeding.' '
She stressed that 'some ministries have been approached to take the necessary procedures to register properties registered in the name of dissolved entities and prohibited by law, as well as approaching the offices of general inspectors in ministries and non-affiliated bodies to follow up and implement the recommendations, and review the current departments of the property owner departments, and to identify their procedures and deficiencies In their work; in order to preserve public money '.
Integrity announces the results of the follow-up of state properties and occupants throughout Iraq
Date: 2019/8/22 10:41 • 151 times read
The Iraqi Commission for Integrity has directed the Prime Minister to form a committee to move to the real estate (Green Zone) occupied by current and former officials, and determine the date of their occupation, and the financial entitlements arising from the occupants; in order to pay them.
A statement of integrity received by the agency (Euphrates News) a copy that "the Department of Investigations in the Commission pointed out that this directive came after briefing the Prime Minister on the results of the report prepared by the Commission on the measures taken on the distinctive real estate belonging to the state in Baghdad and the provinces seized by officials and influential The Commission's Central Team and its sub-teams for this purpose have reached the conclusion that the Committee is composed of the Real Estate Department of the Prime Minister's Office, the State Real Estate Department of the Ministry of Finance and the Federal Audit Bureau.
The Department reported that the Commission was formed by a central task force in Baghdad and sub-teams in the governorates to take stock of all these properties, including those allocated or officially exploited by officials under laws or resolutions, in addition to properties seized by parties, associations or individuals in areas and places classified as real estate. Mission (distinct), pointing to the teams to collect data, audit and sorting and the preparation of a database of those real estate in coordination and follow-up with the concerned authorities.
She added that the Authority opened the Prime Minister's Office in order to amend the rates of deduction of rent allowances for distinctive properties belonging to the state in Baghdad and the provinces by between (15% -30%) of the total salaries of the occupants of real estate covered by resolution No. (300 of 2015).
She called on ministries and non-affiliated bodies to take legal action against the violators of state property, and the need to evacuate them within a specified period, in addition to follow up the resolution of lawsuits filed for the eviction of the abusers, and demanding a fee for property for property exceeded since the date of the violation.
She stressed that some ministries have been approached to take the necessary procedures to register properties registered in the name of dissolved entities and prohibited by law, in addition to approaching the offices of public inspectors in ministries and non-affiliated bodies to follow up and implement the recommendations, and review the current departments of the real estate departments, and identify their procedures and deficiencies in In order to preserve public money
The Department reported that the Commission was formed by a central task force in Baghdad and sub-teams in the governorates to take stock of all these properties, including those allocated or officially exploited by officials under laws or resolutions, in addition to properties seized by parties, associations or individuals in areas and places classified as real estate. Mission (distinct), pointing to the teams to collect data, audit and sorting and the preparation of a database of those real estate in coordination and follow-up with the concerned authorities.
She added that the Authority opened the Prime Minister's Office in order to amend the rates of deduction of rent allowances for distinctive properties belonging to the state in Baghdad and the provinces by between (15% -30%) of the total salaries of the occupants of real estate covered by resolution No. (300 of 2015).
She called on ministries and non-affiliated bodies to take legal action against the violators of state property, and the need to evacuate them within a specified period, in addition to follow up the resolution of lawsuits filed for the eviction of the abusers, and demanding a fee for property for property exceeded since the date of the violation.
She stressed that some ministries have been approached to take the necessary procedures to register properties registered in the name of dissolved entities and prohibited by law, in addition to approaching the offices of public inspectors in ministries and non-affiliated bodies to follow up and implement the recommendations, and review the current departments of the real estate departments, and identify their procedures and deficiencies in In order to preserve public money
Iraqi parliament speaker denies lifting immunity from two deputies
Wednesday, August 22, 2019 12:52 AM
Speaker of the Iraqi Council of Representatives denies lifting the immunity of two deputies in the Parliament Speaker of the Iraqi Council of Representatives M Share on facebook
Post a comment and read the readers' comments
The media office of Iraqi Parliament Speaker Mohammad Al-Halbousi denied on Wednesday media reports about lifting the immunity of MP Falah Hassan Al-Zaidan and MP Qassim Al-Fahdawi.
The Information Office of the President of the Iraqi Council of Representatives said that the two deputies did not respond to any request from the judiciary to lift the immunity.
Iraqi parliament speaker Mohammed al-Halbousi dealt a major blow to one of his most prominent Sunni rivals in the House of Representatives when he responded to a judicial request to lift the immunity of MP Talal al-Zobaie, ending a series of rape involving corruption and selling and buying parliamentary seats and seats.
Both al-Halbousi and al-Zobaie belong to the Sunni community in Iraq, and both hail from Anbar province. He said close to the speaker of parliament that "Alkhal rush Halbousi, decided to lift the immunity from Zobaie."
Suddenly, al-Halbousi signed a document addressed to the prosecution.
Post a comment and read the readers' comments
The media office of Iraqi Parliament Speaker Mohammad Al-Halbousi denied on Wednesday media reports about lifting the immunity of MP Falah Hassan Al-Zaidan and MP Qassim Al-Fahdawi.
The Information Office of the President of the Iraqi Council of Representatives said that the two deputies did not respond to any request from the judiciary to lift the immunity.
Iraqi parliament speaker Mohammed al-Halbousi dealt a major blow to one of his most prominent Sunni rivals in the House of Representatives when he responded to a judicial request to lift the immunity of MP Talal al-Zobaie, ending a series of rape involving corruption and selling and buying parliamentary seats and seats.
Both al-Halbousi and al-Zobaie belong to the Sunni community in Iraq, and both hail from Anbar province. He said close to the speaker of parliament that "Alkhal rush Halbousi, decided to lift the immunity from Zobaie."
Suddenly, al-Halbousi signed a document addressed to the prosecution.
Information / Baghdad ..
Head of the National Sindh parliamentary bloc, Ahmad al-Asadi, on Thursday, Israel entered the Iraqi field to declare war against Iraq and its people, sovereignty and capabilities, saying that silence on aggression is not a rational position, but rationality.
Al-Asadi said in a statement received (information), a copy of it, that “targeting the headquarters of the crowd in Saqr and the country of the first Tamer Ghaith on our boys and our mobilization and leaders of the revolution and resistance will not be the last targets of conspiracy against us, but we know the size of Manlmk and realize our strengths where determination and determination and stability Continuation and patriotism and face arrogance with all our strength will not escape that determination or break our determination to destroy a pile of equipment here or fire at the base there .. crowd hawk nation and prestige of the country.
He added that "this Israeli and American action will not pass without we have an explicit position on it first: at the level of the state and the executive and legislative bodies that I call from my position as a deputy in parliament and head of the international movement and exercise its national right to defend our sovereignty, which is violated by Israel and the forces supporting it. ”.
Al-Asadi called for "Arab, international and regional action and activating the movement to oppose targeting our airspace, mobilizing and our military capabilities that have been destroyed," noting that "the option of retaining remains open because they wanted an open war and the legitimate and national duty to stop that war in the spirit of open retaliation."
Al-Asadi said, "The conspiracy rings have started on the crowd, its place, its role, its national project and what constitutes a message of resistance and resistance that appears strongly and moves with the same intensity that we saw and witnessed its chapters five years from now through the series of ISIS plot to destroy the state and bring down the Iraqi national experience." Done / 25
Head of the National Sindh parliamentary bloc, Ahmad al-Asadi, on Thursday, Israel entered the Iraqi field to declare war against Iraq and its people, sovereignty and capabilities, saying that silence on aggression is not a rational position, but rationality.
Al-Asadi said in a statement received (information), a copy of it, that “targeting the headquarters of the crowd in Saqr and the country of the first Tamer Ghaith on our boys and our mobilization and leaders of the revolution and resistance will not be the last targets of conspiracy against us, but we know the size of Manlmk and realize our strengths where determination and determination and stability Continuation and patriotism and face arrogance with all our strength will not escape that determination or break our determination to destroy a pile of equipment here or fire at the base there .. crowd hawk nation and prestige of the country.
He added that "this Israeli and American action will not pass without we have an explicit position on it first: at the level of the state and the executive and legislative bodies that I call from my position as a deputy in parliament and head of the international movement and exercise its national right to defend our sovereignty, which is violated by Israel and the forces supporting it. ”.
Al-Asadi called for "Arab, international and regional action and activating the movement to oppose targeting our airspace, mobilizing and our military capabilities that have been destroyed," noting that "the option of retaining remains open because they wanted an open war and the legitimate and national duty to stop that war in the spirit of open retaliation."
Al-Asadi said, "The conspiracy rings have started on the crowd, its place, its role, its national project and what constitutes a message of resistance and resistance that appears strongly and moves with the same intensity that we saw and witnessed its chapters five years from now through the series of ISIS plot to destroy the state and bring down the Iraqi national experience." Done / 25
Kauaihn Iraq Articles:dd
Al-Kalabi: Abdul-Mahdi is primarily responsible for the air strikes that targeted the camps
22-08-2019 10:40 AM
Baghdad / News
Parliament member Youssef al-Kalabi, on Thursday, that Prime Minister Adel Abdul Mahdi is the first responsible for air strikes that targeted the camps.
In an interview with Al-Akhbaria, Al-Kalabi said that "the official version of the blasts promoted it as a poor storage of weapons."
He added that "Prime Minister Adel Abdul Mahdi was not explicit and clear with the Iraqi people on the explosions in the camps," noting that "Abdul Mahdi is the first responsible for air strikes that targeted the camps."
A fire broke out in weapons stores belonging to the Popular Mobilization, next to the al-Balad air base (formerly al-Bakr) in Salah al-Din province.
An explosion also took place in a weapons store belonging to the Popular Mobilization in the area of Abu Dshir, south of Baghdad, more than a week ago.
Deputy Wisdom calls for constitutional amendments
2019-08-22 | 04:19
Wisdom MP Hassan Khalati called on Thursday for an amendment to some constitutional articles, pointing out the importance of all articles of the Constitution are clear and do not accept any other explanations.
Khalati said in an interview with Alsumaria News, that "the political reality and the constraints of the Constitution sometimes need to make some amendments," noting that "is not the first time to call for constitutional amendments, and the previous parliamentary session was a temporary special committee called the Committee to amend the Constitution took It has the issue of examining the articles that need to be amended and which were believed to be de facto disrupting certain laws and procedures. "
Wisdom MP Hassan Khalati called on Thursday for an amendment to some constitutional articles, pointing out the importance of all articles of the Constitution are clear and do not accept any other explanations.
Khalati said in an interview with Alsumaria News, that "the political reality and the constraints of the Constitution sometimes need to make some amendments," noting that "is not the first time to call for constitutional amendments, and the previous parliamentary session was a temporary special committee called the Committee to amend the Constitution took It has the issue of examining the articles that need to be amended and which were believed to be de facto disrupting certain laws and procedures. "
He added, "The situation in Iraq from the elections and the referendum and the referendum mechanisms, which in some of them as complex as the need for the vote of all provinces and the refusal of three of them to pass the amendment, not to mention the need for a ready ground for this step and funds for implementation have all caused the disruption of the amendment procedures of the Constitution "He stressed that we" with the steps to amend the amendment of some constitutional articles to achieve clear changes in political action to achieve progress in the political reality in Iraq.
He stressed, "the importance of all articles of the Constitution to be clear interpretation and do not accept any other explanations to ensure that the political process is optimized."
Issawi: The immunity of all deputies accused of corruption will be lifted
Baghdad / News
Iraqi Forces Alliance spokesman Faleh al-Issawi said on Thursday that the immunity of all deputies accused of corruption will be lifted, revealing the number of deputies who have been lifted immunity from them.
Al-Issawi said in an interview with the "news" that "the actions of Parliament Speaker Mohammed Halbusi are all correct and constitutional," pointing to "the lack of political differences behind the lifting of immunity from deputies."
He added that "Halbousi received a request to lift the immunity of 21 deputies," pointing out that "Halbousi met with a coalition of forces and asked members accused of corruption files to appear before the judiciary."
Al-Issawi said that "the number of deputies who have lifted immunity from them only 5 deputies so far," likely "Halbousi to lift the immunity of all deputies accused and wanted to the judiciary, but Halbousi wants to give an opportunity for the deputies to apply in person to the presidency of the parliament."
Tamimi: The rule of Shiite political Islam in Iraq will end with the government of Adel Abdul Mahdi
Defense reveals details of successful intelligence operation
22-08-2019 11:41 AM
Baghdad / News
The Iraqi Ministry of Defense revealed details of an intelligence operation that led to the dismantling of a terrorist cell in Ramadi.
"For the second time and within four days of dismantling a terrorist cell, the heroes of the Military Intelligence Directorate of the 10th Division Intelligence Division, in cooperation with the 39th Infantry Brigade Intelligence, penetrated and dismantled a second terrorist cell this week," the ministry said in a statement on its official Facebook page.
The statement pointed out that "the members of the cell were arrested, according to the statement has been" arrested six masterminds planned and planned as this cell was working in the form of small groups to ensure the difficulty of penetration in the areas of the island of Ramadi, Bou Diab and Jeriche in Anbar.
The statement said that as a result of "the intelligence, professionalism and discernment of the military intelligence men, they have caught these gangs in their nets and arrested them."
The Ministry affirmed that "all members of the cell are wanted by the judiciary under fundamental warrants of arrest in accordance with the provisions of article 4 terrorism." Al-Jahishi:
The decision of the Presidency of Parliament to lift the immunity of Zobaie is brave and unprecedented
22-08-2019 10:27 AM
Baghdad / News
The researcher in the Iraqi affairs, Muayyad al-Juhaishi, Thursday, that the decision of the Presidency of the Parliament to lift the immunity of MP Talal al-Zobaie courageous and unprecedented.
Al-Juhayshi said in an interview with Al-Akhbaria that Talal Al-Zobaie has paid a lot of money to get positions, pointing out that Al-Zobaie has been deliberately corrupt and blackmailing since 2003.
He added that "the decision of the Presidency of Parliament to lift the immunity of Zobaie courageous and unprecedented," noting that "the judiciary will not heal Zobaie because there are documents proving his involvement in corruption and extortion."
The speaker of the House of Representatives, Mohammed Halbousi, decided to lift the immunity of MP Talal Khudair al-Zobaie belonging to the bloc of the resolution on charges related to corruption.
According to the text of the document lifting immunity: "Based on the powers vested in us from the Constitution, it was decided to lift the immunity of MP Talal Khudair Abbas Zobaie for the receipt of a complaint against him on charges related to corruption during his tenure as former chairman of the Commission on Integrity."
Halbousi decided to lift the immunity of MP Talal Zobaie after a request from a court of integrity in preparation for trial in the case of "extortion" owner of a commercial company.
Tamimi: The rule of Shiite political Islam in Iraq will end with the government of Adel Abdul Mahdi
22-08-2019 10:22 AM
Baghdad / News
Iraqi researcher Ghaith al-Tamimi said that the end of the rule of Shiite political Islam in Iraq will end with the government of the current prime minister, Adel Abdul Mahdi.
Al-Tamimi tweeted through his official account on Twitter, saying: "The rule of # Shiite political Islam in Iraq began with Ibrahim al-Jaafari narcissistic intermittent and will end with the government of Adel Abdul-Mahdi Albulid heavy defeated helpless."
"Adel Abdul Mahdi Korbadshov ruled the Shiite Islamists as Abadi Korbadshov was the rule of the Dawa Party!", He added, tweeting Bashtag double: "# We will win, # citizens."
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
10 Things to Know for Today
Among 10 Things to Know: Trump acknowledges China policies may mean US economic pain; Danish royal palace 'surprised' by Trump canceling trip; Australian court upholds sex abuse verdict of Cardinal Pell
Read in ABC News: https://apple.news/AC_
PRECIOUS-Gold reclaims $1,500 mark as focus turns to Fed
* Investors await Fed minutes on Wednesday, cenbanks' summit
Read in Reuters: https://apple.news/
Gold Prices Slip Ahead of Jackson Hole Symposium
Commodities Aug 21, 2019 05:42 GMT Investing.com - Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe
Read in Investing.com: https://apple.news/
Mark Mobius: Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates
Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold. Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. He explained: “You have all these currencies, new currencies coming into play. [...] I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies. I think with the
Read in Cointelegraph: https://apple.news/AwYS9hi-
It's 'Game On' for Silver; Explosion Could Come Soon
Silver could see $20 an ounce by year-end. Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures. "I think a $20 year-end target on silver or $1,600 on gold is completely not out of the question, especially the way things are going. We do need to resolve some of the trade agreements with U.S. and China because of the
Read in TheStreet: https://apple.news/
Oil rises on Saudi facility attack; demand growth fears drag
Mubasher: Oil futures rose on Monday after a Houthi attack on Saudi oil facility.
Read in Mubasher: https://apple.news/
Oil Prices Dip Ahead of U.S. Crude Inventories
Commodities Aug 20, 2019 10:55 GMT Investing.com - Oil prices dipped slightly on Tuesday, following the prior day’s surge, as the lull of news on the U.S.-China trade front kept big moves in check and markets prepped for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures dropped 9 cents, or 0.2%, to $56.05 a barrel by 6:52 AM ET (10:52 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., slipped 5 cents, or 0.1%, to $59.69.
Read in Investing.com: https://apple.news/
Gold Prices Slip Ahead of Jackson Hole Symposium
Commodities Aug 21, 2019 05:42 GMT Investing.com - Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe
Read in Investing.com: https://apple.news/
CEO: ‘The true disruption of retail banking is coming’
The co-founder and CEO of Europe’s biggest fintech startup believes that the world is standing on the precipice of a “true disruption” in retail banking.
Read in Yahoo Finance: https://apple.news/
How China is joining the rush of global central banks aiming to lower borrowing costs
The central bank for the second largest economy in the world could follow the footsteps of global monetary policymakers who have cut rates in recent months.
Read in MarketWatch: https://apple.news/
Banks And Financials: Can They Get Much Cheaper?
The Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18.Clients' biggest financial weighting has been Schwab given its asset-gathering prowess (and it is our only 3rd party client custodian) and then JPMorgan, Chicago Merc, XLF (big bank ETF) and unfortunately KRE (regional bank ETF).The Financial sector has the 3rd best earnings growth of any S&P 500 sector for Q2 '19.
Read in Seeking Alpha: https://apple.news/
Turkish central bank moves to boost profits of state banks
A central bank decisionthat banks with higher loan growth can hold lower reserves willboost profits at Turkish state banks and encourage privatebanks to follow suit with increased lending, analysts say.
Read in Reuters: https://apple.news/
Dancing in the dark: The Bank of England’s rate problem isn’t about to go away
Economic growth in the U.K. is slower than forecast — with gross domestic product even shrinking 0.2% in the second quarter — but inflation is higher than economists expected, at an annual 2% in July.
Read in MarketWatch: https://apple.news/
Humbled Deutsche Bank faces battle in its own backyard
Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery.
Read in Reuters: https://apple.news/
Top 5 Things to Know in the Market on WednesdayEconomy Aug 21, 2019 09:36 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, 21 August: 1. Fed minutes in focus The minutes from the Federal Reserve's July meeting will be the focus at 2:00 PM ET (18:00 GMT) on Wednesday given markets' obsession with further policy easing. The Fed cut rates for the first time in a decade in July in what Fed Chairman Jerome Powell referred to as a “mid-cycle adjustment” while two policymakers voted against the
Read in Investing.com: https://apple.news/
Germany to auction a zero-percent 30-year bond for the first timeGermany will auction a 30-year bond with a 0% interest rate for the first time on Wednesday, according to several media outlets.
Read in CNBC: https://apple.news/A5om-
What does the market rebound mean?Mark Tepper, Strategic Wealth Partners Founder, President & CEO, and Kenny Polcari, Butcher Joseph Asset Management Managing Principal and CNBC Contributor, discuss relative recession risk, selective investing, and likely volatility
Read in CNBC: https://apple.news/A7J67h_
Yield Curve Inversion: Markets Are Correct To Price In Higher Recession RiskResearchers still struggle to understand why the yield curve historically is such a good predictor of recessions.For several quarters, we've argued that the Fed's monetary policy strategy has shifted toward tolerating (or even targeting) inflation above 2% when economic conditions are good, and easing more aggressively when times are bad.With all of this in mind, it's not surprising that markets have priced in a higher probability of recession.
Read in Seeking Alpha: https://apple.news/
This unusual strategy could be the 'sweet spot' for investors in a wild marketAn exchange-traded fund based in mortgage-backed securities may provide just the kind of stable income investors need in this market, says ETF.com's Dave Nadig.
Read in CNBC: https://apple.news/A3Y-
China Is Racing to Launch a Digital Currency Ahead of FB’s LibraThe People’s Bank of China (PBoC) is almost ready to launch its government-backed digital currency, official sources say. An Aug. 20 report from the CPC-owned English-language news portal China Daily further revealed that the central bank digital currency (CBDC) may have been influenced by the unveiling of Facebook’s planned cryptocurrency, Libra. ‘Inspiration from Libra’ After five years of research and system development work since 2018, the PBoC is almost ready to launch its CBDC, the deputy
Read in Cointelegraph: https://apple.news/AFwnOkm51S-
Japan’s Largest Gift Card Marketplace Launching Blockchain Gift CardsJapan’s largest gift card platform Amaten will issue tokenized gift cards in partnership with blockchain network provider Aelf. United Kingdom news outlet Verdict reported on Aug. 20 that Amaten partnered with Aelf — one of the 30 blockchain providers certified by the China Electronics Technology Standardization Institute — to issue gift cards on the blockchain. Amaten plans to build its framework on top of Aelf’s platform to tokenize its gift cards, enabling them to be exchanged and managed on
Read in Cointelegraph: https://apple.news/
Bitcoin Starts the Week Green as 'Fear & Greed Index' Turns Favorableby Michael LaVere | 20 Aug 2019 Bitcoin and other top cryptocurrencies started the week on a positive note, with BTC gaining more than 5% on Monday and being up 0.5% so far today. Bitcoin Price August 2019 After a week of a steady downtrend in value for bitcoin, the price of BTC saw a favorable increase on Aug. 19. The price of the leading cryptocurrency by market capitalization jumped over 5% in the span of hours, in part due to a shift in market sentiment. Bitcoin has been on a lazy decline
Read in CryptoGlobe: https://apple.news/
Bitcoin Looks Solid After Breakout and Retest - Price Analysisby Colin Muller | 20 Aug 2019 Bitcoin (BTC) put in work yesterday, breaking away from local lows near $10,000. The crypto has been uptrending well, although sell pressure has started coming in as the top of the range approaches. A general consolidation pattern between $11,000-10,000 seems to obtain, for now. Looking first at the 2-hour chart, which just closed at time of writing, we can see that the breakout area above $10,500 is being retested. Some selling has come in, but the downside is so
Read in CryptoGlobe: https://apple.news/
Vitalik Buterin Calls Ethereums Scalability a Big Bottleneckby Michael LaVere | 20 Aug 2019 Ethereum co-founder Vitalik Buterin had some interesting words on the state of scalability for ETH, calling it a pressing issue facing the cryptocurrency. Ethereum Scalability In an interview with The Star published on Aug. 19, Buterin said that scalability has become the primary hurdle for organizations interested in using Ethereum’s blockchain, and that the issue has become a “big bottleneck.” He said, Scalability is a big bottleneck because the Ethereum
Read in CryptoGlobe: https://apple.news/
Coinbase Admits Putting 3,500 Traders' Crypto Funds at Risk - NewsA bug could have lost the users of Coinbase a lot of money, confesses the exchange itself in its latest blog post. Coinbase Holds Its Hands Up The Friday “post mortem” revealed that an error on Coinbase sign-up page saved customers’ information on Coinbase internal web server logs – in a clear text. So a password writing which, say, looks like “123456” was appearing like “123456” to the staff at the San Francisco-based cryptocurrency firm. Ideally, it could have been hashed into non-readable
Read in Bitcoinist.net: https://apple.news/
Bitcoin Network Grows With $2 Billion BTC Moving Daily - Bitcoinist.com
There are several measurements of the health of the bitcoin network. Hash rate is probably the first that comes to mind but daily volume is another indicator of how successful the system has been. Govts and Banks Cannot Stop Bitcoin Bitcoin was spawned by a movement dedicated to the freedom of financial oppression by central banks and governments. Personal spending power is governed by bankers and politicians, and in a world where state fear is increasing along with terrorism, capital controls
Read in Bitcoinist.net: https://apple.news/AsP__
Facebook Libra Partner Mastercard Is Building Its Own Cryptocurrency TeamMastercard is building its own cryptocurrency team. The payments giant is a partner in the Facebook Libra project. Meanwhile Bitcoin is attempting to rally.
Read in Investor's Business Daily: https://apple.news/
Tackling Libra, China's Own Crypto Will Also End AliPay & WeChat PayMany analysts seem to think that China's central bank cryptocurrency will attract businesses away from payment giants such as AliPay and WeChat Pay. The concerns were shown by Cindy Wang, an analyst at DBS Group Research, while giving an interview to South China Morning Post. China has been working at a faster pace on this...
Read in BlockPublisher: https://apple.news/A6_
Central Banks, Stablecoins and the Looming War of Currencies
A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.
Read in CoinDesk: https://apple.news/
President Trump isn't the only one who wants a weaker dollar
Happy Tuesday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
Read in CNN Business: https://apple.news/Ak_
Forex - Dollar Hovering Near 3-Week Highs ahead of Fed MinutesForex Aug 21, 2019 07:10 GMT Investing.com - The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve’s July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what Chairman Jerome Powell called a “mid-cycle adjustment.” Financial markets are still expecting further rate cuts before the end of the year against a
Read in Investing.com: https://apple.news/A_l0h6Ub-
Summer calm: some traders back away from ‘extreme’ sterling shorts
By Olga Cotaga LONDON (Reuters) – After shedding nearly 10% of its value since mid-March, sterling may enjoy some calm over the remaining weeks of the British summer as traders take advantage of a parliamentary recess to unwind short positions in the currency. Fears that Britain will leave the European Union on the Oct. 31...
Read in CreaWorldNews: https://apple.news/
Forex - Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy
Forex Aug 20, 2019 07:43 GMT Investing.com -- The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (0730 GMT) and looking to test last week’s low of $1.1066 ahead of a big day in the Italian parliament. Prime Minister Giuseppe Conte is due to speak in the afternoon and is expected to resign ahead of a no-confidence vote that has
Read in Investing.com: https://apple.news/
Australian Dollar Mildly Higher after RBA Minutes, But No Follow Through Buying Seen | Action Forex
Asian markets opened higher earlier today, following another day of strong rebound in the US overnight. But buying lost momentum entering into European session. Australian Dollar is currently the strongest one for today as RBA minutes indicates the central bank will stand pat in September first. New Zealand Dollar follows as second strongest, and then […] The post Australian Dollar Mildly Higher after RBA Minutes, But No Follow Through Buying Seen appeared first on Action Forex.
Read in Action Forex: https://apple.news/Ai1-6Qp_
RBA Minutes Stick To The 'Steady As She Goes' Script | AUD/USD | Action Forex
Whilst AUD remained confined within its range, we continue to look out for range expansion. Summary of RBA’s August minutes Further easing is widely expected around the world AUD recent fall to support exports Consumption supported by tax rebates and stabilisation in housing market Reasonable to expect an extended period of low rates Appropriate to […] The post RBA Minutes Stick To The ‘Steady As She Goes’ Script | AUD/USD appeared first on Action Forex.
Read in Action Forex: https://apple.news/AnObW_
Fasten Your Seat Belts: Commercial Real Estate Is Taking a Flight to Quality
A "flight to quality" doesn’t mean jetting off to a tropical resort, it's a strategy that real estate investors are using right now to gain peace of mind. Seasoned CRE buyers are flocking to quality assets with less market and construction risk. Is it time to reposition your investment holdings?
Read in Kiplinger: https://apple.news/
The Fed will cut rates five more times before April, analysts predict
The U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank.
Read in CNBC: https://apple.news/
Amid homelessness crisis, Los Angeles restricts living in vehicles
Nearly 10,000 people in Los Angeles live in vehicles. The City Council recently extended a ban on sleeping overnight in cars, vans or RVs in residential areas and near parks or schools.
Read in NPR: https://apple.news/AaXyt-
Trump postpones Denmark trip after Prime Minister refuses to discuss sale of Greenland
Less than two weeks before his scheduled trip to Denmark, President Donald Trump announced on Twitter that he has postponed his visit to Copenhagen after the Danish Prime Minister disputed his interest in buying Greenland as "absurd."
Read in CNN Politics: https://apple.news/
500 million bees drop dead in Brazil in 3 months
Lab research pointed to pesticides with neonicotinoids and fipronil — products banned in Europe — as the main cause of death
Read in CBS News: https://apple.news/AJhP01Z-
AP Explains: Brazil's environmental changes under Bolsonaro
RIO DE JANEIRO (AP) — Pressure is rising around the administration of President Jair Bolsonaro to comply with Brazil's pledge to fight global warming, as the international community gathers in the northern state of Bahia for a week-long UN workshop on climate change. Bolsonaro, a far-right climate skeptic, has made clear he intends to make major changes to Brazil's environmental policy, including opening the globally vital Amazon rainforest to development and agribusiness. Countries such as
Read in My San Antonio: https://apple.news/
The Amazon is on fire and the smoke can be seen from space
The Amazon has been burning for weeks amid increasing deforestation. The intense smoke was detected by NASA and plunged São Paulo into darkness on Monday.
Read in VICE: https://apple.news/
UPDATE 1-Mexico says close to deal on pipeline dispute that spooked investors
(Adds background, context, sources)
Read in Reuters: https://apple.news/Al9hPe--
Argentina: A Monetary Crisis With Contagion Risks
Argentina has ignored the rising fiscal and monetary imbalances for many years.Risk for investors is that any likely government will continue with same policies.Other emerging markets face similar risks.
Read in Seeking Alpha: https://apple.news/A-
The Week Ahead of 19 August 2019 with Chris Gilmour | Opinion
Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.
Read in INCE|Connect News: https://apple.news/Af-
Off-Grid Solar Power Is Making Africa's Emerging Economies A Little Brighter
Off-grid solar power is making a huge difference in emerging economies and especially those in Nigeria and the Ivory Coast. Investors are therefore enticed, meaning the renewables industry has a positive forecast on the continent.
Read in Forbes: https://apple.news/
Congress must exercise its power to ensure America has no war with Iran
Lawmakers have the chance to pull us back from the brink and set guardrails on a disastrous policy.
Read in The Hill: https://apple.news/
Iran sanctions threaten the lives of young cancer patients
In the battle over sanctions between the U.S. and Iran, the losers are Iranian cancer patients seeking life-saving drugs
Read in CBS News: https://apple.news/
U.S. warns Greece against hosting Iran oil tanker
The U.S. has warned Greece against assisting the Iranian tanker released by Gibraltar last week, saying those who help the vessel, which is carrying oil deemed illicit, would face immigration and potential criminal consequences.
Read in The Wall Street Journal: https://apple.news/
Pentagon report blames Trump Administration for ISIS resurgence
Katty Kay joins the conversation to talk about ISIS regaining strength in Iraq and Syria and the impacts of the Trump Administration’s troop withdrawal.
Read in MSNBC: https://apple.news/
Dubai Expo 2020 to invest $75m in landscaping
Nursery also planned with more than 12,000 trees and 256,000 shrubs
Read in Gulf Business: https://apple.news/
UAE construction sector to grow 6-10% in 2020 - KPMG survey
Comes ahead of Expo 2020
Read in Gulf Business: https://apple.news/A0JcM1-
IMF warns Zimbabwe against pay boost as living standards crash
The International Monetary Fund cautioned Zimbabwe's government against boosting wages for state workers unless it has sufficient tax revenue to do so after the introduction of a new currency pushed up inflation and reduced spending power to a 10th of what it was six months ago.
Read in My San Antonio: https://apple.news/A0os1_
Zimbabwe sanctions: Sadc calls on US and EU to drop policy
Sixteen southern Africa countries say US and EU economic sanctions are harming the region.
Read in BBC News: https://apple.news/
Zimbabwe eyes 400MW from Mozambique
Zimbabwe government will this week dispatch a high-powered team of experts to Mozambique to negotiate for more electricity imports from Hydro Cahora Bassa as authorities continue putting in place measures to improve power supply and avert rolling blackouts. Zimbabwe is currently receiving 50 megawatts from Mozambique, but authorities want to strike a deal for Zimbabwe...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Zacc Vows More Bite in Renewed ED Anti-Corruption Fight
President Emmerson Mnangagwa is set to up his anti-corruption crusade with an awareness campaign to be launched in Harare Wednesday. While the Zanu PF leader is loud on attempts to wipe out graft that is crippling the economy, very little has been done by his administration in the same direction. The anti-corruption awareness campaign will be set into motion by the Zimbabwe Anti-Corruption Commission (ZACC) and the National Prosecuting Authority (NPA) at an event scheduled for this Wednesday in
Read in AllAfrica: https://apple.news/AEtYkteWVP-
The Reader: Remember Zimbabwe’s battle for democracy
August 16 was not just another day that came and went [“Zimbabwe: ‘Corruption’ street protest called off after court ruling,” August 16]. It was a day Zimbabweans planned to peacefully demonstrate against wicked governance and horrible living conditions in the country.
Read in Evening Standard: https://apple.news/
Zimbabwe: ZAS 2019 Kicks Off With 18 Percent Space Uptake Increase
The Zimbabwe Agricultural Show (ZAS) kicked off Monday after recording an 18% increase space uptake indicating the vast business opportunities in the exhibition. In a recent exhibition update statement, ZAS chief executive, Anxious Masuka said that more exhibitors are coming on board for this year's edition. "Regarding exhibition space, we had 381 exhibitors compared to 324 last year - an 18% percent increase - taking space of 62 670 square meters compared to 50 740 square meters at the same
Read in AllAfrica: https://apple.news/
UPDATE 1-Cash-strapped S.Africa state arms firm ordered to hand over taxes - union
(Adds details, context)
Read in Reuters: https://apple.news/
ASIA
Beijing's Belt and Road plans could boost the Islamic banking sector
China's pursuit of the Middle East may spur growth in the Islamic finance sector.
Read in CNBC: https://apple.news/
Wall Street Breakfast: Social Media Battleground In Hong Kong
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links). Marking the first time the companies have pointed to China as a source of disinformation campaigns, Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB) said they dismantled a state-backed social media operation that sought to undermine protests in Hong Kong. Twitter suspended nearly 1,000 active accounts, and removed approximately
Read in Seeking Alpha: https://apple.news/
China’s small banks push rules to the limit as they tap individuals for short-term funds amid liquidity crunch
Small mainland China banks are using online agencies to attract seven-day and 14-day deposits from retail investors, with the promise of big cash paybacks and high interest rates, which suggests they continue to face a liquidity crunch. Beijing has…
Read in South China Morning Post: https://apple.news/
MONEY LAUNDERING & DIPLOMATIC INCIDENT
Key Facts: Brussels aims to re-establish a blacklist of non-EU countries which are accused of money laundering. All 28 EU member states with European capitals shot down a previous attempt to publish what would be the EU’s first independent blacklist. The Financial Action Task Force, the global authority on money laundering, was not involved with the initiative. What caused this? The EU Justice Commissioner’s blacklisting plans target overseas jurisdictions which are failing to crack down on
Read in Now We Know: https://apple.news/AX_
European stocks cautiously higher as recession fears cool
European stocks edged slightly higher on Tuesday morning as hopes for monetary policy stimulus temper investor anxiety over an impending recession.
Read in CNBC: https://apple.news/
Exclusive: EU contests Johnson letter, says backstop only way to keep Irish border open - document
The European Union "contests" British Prime Minister Boris Johnson's call for the Brexit backstop to be dropped and regrets his bid to scrap a "necessary, legally operative solution" to avoid erecting an Irish border, a document seen by Reuters says.
Read in Reuters: https://apple.news/
Brexit Day 2019: When is the UK due to leave the EU and how will it happen?
Brexit - a portmanteau of Britain and exit - was coined following the 2016 United Kingdom European Union membership referendum. The referendum, held on Thursday June 23, 2016, was to decide whether the UK should leave or remain in the European Union. Leave won by 51.9 per cent to 48.1 per cent. More than 30 million people voted meaning the turnout was 71.8 per cent.
Read in The Telegraph: https://apple.news/
Boris Johnson is 'toothless' in his approach to the EU right now: Expert
Kallum Pickering, senior economist at Berenberg, says the U.K. prime minister won't make progress with the EU until the threat of a hard Brexit becomes credible.
Read in CNBC: https://apple.news/
Fate of Brexit deal in hands of the EU: UK Conservative chairman
The European Union needs to show flexibility over the Irish border "backstop" because the issue of whether Britain leaves the bloc with or without a deal is now mainly up to Brussels, Conservative party chairman James Cleverly said on Tuesday.
Read in Reuters: https://apple.news/
GLOBAL/NEWS/INFO
10 Things to Know for Today
Among 10 Things to Know: Trump acknowledges China policies may mean US economic pain; Danish royal palace 'surprised' by Trump canceling trip; Australian court upholds sex abuse verdict of Cardinal Pell
Read in ABC News: https://apple.news/AC_
OIL/COMMODITIES/ENERGY
PRECIOUS-Gold reclaims $1,500 mark as focus turns to Fed
* Investors await Fed minutes on Wednesday, cenbanks' summit
Read in Reuters: https://apple.news/
Gold Prices Slip Ahead of Jackson Hole Symposium
Commodities Aug 21, 2019 05:42 GMT Investing.com - Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe
Read in Investing.com: https://apple.news/
Mark Mobius: Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates
Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold. Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. He explained: “You have all these currencies, new currencies coming into play. [...] I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies. I think with the
Read in Cointelegraph: https://apple.news/AwYS9hi-
It's 'Game On' for Silver; Explosion Could Come Soon
Silver could see $20 an ounce by year-end. Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures. "I think a $20 year-end target on silver or $1,600 on gold is completely not out of the question, especially the way things are going. We do need to resolve some of the trade agreements with U.S. and China because of the
Read in TheStreet: https://apple.news/
Oil rises on Saudi facility attack; demand growth fears drag
Mubasher: Oil futures rose on Monday after a Houthi attack on Saudi oil facility.
Read in Mubasher: https://apple.news/
Oil Prices Dip Ahead of U.S. Crude Inventories
Commodities Aug 20, 2019 10:55 GMT Investing.com - Oil prices dipped slightly on Tuesday, following the prior day’s surge, as the lull of news on the U.S.-China trade front kept big moves in check and markets prepped for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures dropped 9 cents, or 0.2%, to $56.05 a barrel by 6:52 AM ET (10:52 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., slipped 5 cents, or 0.1%, to $59.69.
Read in Investing.com: https://apple.news/
Gold Prices Slip Ahead of Jackson Hole Symposium
Commodities Aug 21, 2019 05:42 GMT Investing.com - Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium. Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25. Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole. Analysts believe
Read in Investing.com: https://apple.news/
BANKS/BANKING/CREDIT
CEO: ‘The true disruption of retail banking is coming’
The co-founder and CEO of Europe’s biggest fintech startup believes that the world is standing on the precipice of a “true disruption” in retail banking.
Read in Yahoo Finance: https://apple.news/
How China is joining the rush of global central banks aiming to lower borrowing costs
The central bank for the second largest economy in the world could follow the footsteps of global monetary policymakers who have cut rates in recent months.
Read in MarketWatch: https://apple.news/
Banks And Financials: Can They Get Much Cheaper?
The Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18.Clients' biggest financial weighting has been Schwab given its asset-gathering prowess (and it is our only 3rd party client custodian) and then JPMorgan, Chicago Merc, XLF (big bank ETF) and unfortunately KRE (regional bank ETF).The Financial sector has the 3rd best earnings growth of any S&P 500 sector for Q2 '19.
Read in Seeking Alpha: https://apple.news/
Turkish central bank moves to boost profits of state banks
A central bank decisionthat banks with higher loan growth can hold lower reserves willboost profits at Turkish state banks and encourage privatebanks to follow suit with increased lending, analysts say.
Read in Reuters: https://apple.news/
Dancing in the dark: The Bank of England’s rate problem isn’t about to go away
Economic growth in the U.K. is slower than forecast — with gross domestic product even shrinking 0.2% in the second quarter — but inflation is higher than economists expected, at an annual 2% in July.
Read in MarketWatch: https://apple.news/
Humbled Deutsche Bank faces battle in its own backyard
Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery.
Read in Reuters: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on WednesdayEconomy Aug 21, 2019 09:36 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, 21 August: 1. Fed minutes in focus The minutes from the Federal Reserve's July meeting will be the focus at 2:00 PM ET (18:00 GMT) on Wednesday given markets' obsession with further policy easing. The Fed cut rates for the first time in a decade in July in what Fed Chairman Jerome Powell referred to as a “mid-cycle adjustment” while two policymakers voted against the
Read in Investing.com: https://apple.news/
Germany to auction a zero-percent 30-year bond for the first timeGermany will auction a 30-year bond with a 0% interest rate for the first time on Wednesday, according to several media outlets.
Read in CNBC: https://apple.news/A5om-
What does the market rebound mean?Mark Tepper, Strategic Wealth Partners Founder, President & CEO, and Kenny Polcari, Butcher Joseph Asset Management Managing Principal and CNBC Contributor, discuss relative recession risk, selective investing, and likely volatility
Read in CNBC: https://apple.news/A7J67h_
Yield Curve Inversion: Markets Are Correct To Price In Higher Recession RiskResearchers still struggle to understand why the yield curve historically is such a good predictor of recessions.For several quarters, we've argued that the Fed's monetary policy strategy has shifted toward tolerating (or even targeting) inflation above 2% when economic conditions are good, and easing more aggressively when times are bad.With all of this in mind, it's not surprising that markets have priced in a higher probability of recession.
Read in Seeking Alpha: https://apple.news/
This unusual strategy could be the 'sweet spot' for investors in a wild marketAn exchange-traded fund based in mortgage-backed securities may provide just the kind of stable income investors need in this market, says ETF.com's Dave Nadig.
Read in CNBC: https://apple.news/A3Y-
CRYPTO / DIGITAL CURRENCIES
China Is Racing to Launch a Digital Currency Ahead of FB’s LibraThe People’s Bank of China (PBoC) is almost ready to launch its government-backed digital currency, official sources say. An Aug. 20 report from the CPC-owned English-language news portal China Daily further revealed that the central bank digital currency (CBDC) may have been influenced by the unveiling of Facebook’s planned cryptocurrency, Libra. ‘Inspiration from Libra’ After five years of research and system development work since 2018, the PBoC is almost ready to launch its CBDC, the deputy
Read in Cointelegraph: https://apple.news/AFwnOkm51S-
Japan’s Largest Gift Card Marketplace Launching Blockchain Gift CardsJapan’s largest gift card platform Amaten will issue tokenized gift cards in partnership with blockchain network provider Aelf. United Kingdom news outlet Verdict reported on Aug. 20 that Amaten partnered with Aelf — one of the 30 blockchain providers certified by the China Electronics Technology Standardization Institute — to issue gift cards on the blockchain. Amaten plans to build its framework on top of Aelf’s platform to tokenize its gift cards, enabling them to be exchanged and managed on
Read in Cointelegraph: https://apple.news/
Bitcoin Starts the Week Green as 'Fear & Greed Index' Turns Favorableby Michael LaVere | 20 Aug 2019 Bitcoin and other top cryptocurrencies started the week on a positive note, with BTC gaining more than 5% on Monday and being up 0.5% so far today. Bitcoin Price August 2019 After a week of a steady downtrend in value for bitcoin, the price of BTC saw a favorable increase on Aug. 19. The price of the leading cryptocurrency by market capitalization jumped over 5% in the span of hours, in part due to a shift in market sentiment. Bitcoin has been on a lazy decline
Read in CryptoGlobe: https://apple.news/
Bitcoin Looks Solid After Breakout and Retest - Price Analysisby Colin Muller | 20 Aug 2019 Bitcoin (BTC) put in work yesterday, breaking away from local lows near $10,000. The crypto has been uptrending well, although sell pressure has started coming in as the top of the range approaches. A general consolidation pattern between $11,000-10,000 seems to obtain, for now. Looking first at the 2-hour chart, which just closed at time of writing, we can see that the breakout area above $10,500 is being retested. Some selling has come in, but the downside is so
Read in CryptoGlobe: https://apple.news/
Vitalik Buterin Calls Ethereums Scalability a Big Bottleneckby Michael LaVere | 20 Aug 2019 Ethereum co-founder Vitalik Buterin had some interesting words on the state of scalability for ETH, calling it a pressing issue facing the cryptocurrency. Ethereum Scalability In an interview with The Star published on Aug. 19, Buterin said that scalability has become the primary hurdle for organizations interested in using Ethereum’s blockchain, and that the issue has become a “big bottleneck.” He said, Scalability is a big bottleneck because the Ethereum
Read in CryptoGlobe: https://apple.news/
Coinbase Admits Putting 3,500 Traders' Crypto Funds at Risk - NewsA bug could have lost the users of Coinbase a lot of money, confesses the exchange itself in its latest blog post. Coinbase Holds Its Hands Up The Friday “post mortem” revealed that an error on Coinbase sign-up page saved customers’ information on Coinbase internal web server logs – in a clear text. So a password writing which, say, looks like “123456” was appearing like “123456” to the staff at the San Francisco-based cryptocurrency firm. Ideally, it could have been hashed into non-readable
Read in Bitcoinist.net: https://apple.news/
Bitcoin Network Grows With $2 Billion BTC Moving Daily - Bitcoinist.com
There are several measurements of the health of the bitcoin network. Hash rate is probably the first that comes to mind but daily volume is another indicator of how successful the system has been. Govts and Banks Cannot Stop Bitcoin Bitcoin was spawned by a movement dedicated to the freedom of financial oppression by central banks and governments. Personal spending power is governed by bankers and politicians, and in a world where state fear is increasing along with terrorism, capital controls
Read in Bitcoinist.net: https://apple.news/AsP__
Facebook Libra Partner Mastercard Is Building Its Own Cryptocurrency TeamMastercard is building its own cryptocurrency team. The payments giant is a partner in the Facebook Libra project. Meanwhile Bitcoin is attempting to rally.
Read in Investor's Business Daily: https://apple.news/
Tackling Libra, China's Own Crypto Will Also End AliPay & WeChat PayMany analysts seem to think that China's central bank cryptocurrency will attract businesses away from payment giants such as AliPay and WeChat Pay. The concerns were shown by Cindy Wang, an analyst at DBS Group Research, while giving an interview to South China Morning Post. China has been working at a faster pace on this...
Read in BlockPublisher: https://apple.news/A6_
CURRENCIES
Central Banks, Stablecoins and the Looming War of Currencies
A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.
Read in CoinDesk: https://apple.news/
President Trump isn't the only one who wants a weaker dollar
Happy Tuesday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
Read in CNN Business: https://apple.news/Ak_
Forex - Dollar Hovering Near 3-Week Highs ahead of Fed MinutesForex Aug 21, 2019 07:10 GMT Investing.com - The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve’s July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what Chairman Jerome Powell called a “mid-cycle adjustment.” Financial markets are still expecting further rate cuts before the end of the year against a
Read in Investing.com: https://apple.news/A_l0h6Ub-
Stimulus Hopes Lift Sentiment, Dollar Approaches 3-Week Highs | Action Forex
Stocks extend gains as prospect of more stimulus overrides worries about fallout from trade war US dollar edges higher as Treasury yields recover; Fed minutes and Powell speech awaited Aussie firms on RBA minutes; euro struggles amid unease about Italy Global stimulus hopes continue to drive sentiment Growing signs that more governments and central banks […] The post Stimulus Hopes Lift Sentiment, Dollar Approaches 3-Week Highs appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Stocks extend gains as prospect of more stimulus overrides worries about fallout from trade war US dollar edges higher as Treasury yields recover; Fed minutes and Powell speech awaited Aussie firms on RBA minutes; euro struggles amid unease about Italy Global stimulus hopes continue to drive sentiment Growing signs that more governments and central banks […] The post Stimulus Hopes Lift Sentiment, Dollar Approaches 3-Week Highs appeared first on Action Forex.
Read in Action Forex: https://apple.news/
Summer calm: some traders back away from ‘extreme’ sterling shorts
By Olga Cotaga LONDON (Reuters) – After shedding nearly 10% of its value since mid-March, sterling may enjoy some calm over the remaining weeks of the British summer as traders take advantage of a parliamentary recess to unwind short positions in the currency. Fears that Britain will leave the European Union on the Oct. 31...
Read in CreaWorldNews: https://apple.news/
Forex - Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy
Forex Aug 20, 2019 07:43 GMT Investing.com -- The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (0730 GMT) and looking to test last week’s low of $1.1066 ahead of a big day in the Italian parliament. Prime Minister Giuseppe Conte is due to speak in the afternoon and is expected to resign ahead of a no-confidence vote that has
Read in Investing.com: https://apple.news/
Australian Dollar Mildly Higher after RBA Minutes, But No Follow Through Buying Seen | Action Forex
Asian markets opened higher earlier today, following another day of strong rebound in the US overnight. But buying lost momentum entering into European session. Australian Dollar is currently the strongest one for today as RBA minutes indicates the central bank will stand pat in September first. New Zealand Dollar follows as second strongest, and then […] The post Australian Dollar Mildly Higher after RBA Minutes, But No Follow Through Buying Seen appeared first on Action Forex.
Read in Action Forex: https://apple.news/Ai1-6Qp_
RBA Minutes Stick To The 'Steady As She Goes' Script | AUD/USD | Action Forex
Whilst AUD remained confined within its range, we continue to look out for range expansion. Summary of RBA’s August minutes Further easing is widely expected around the world AUD recent fall to support exports Consumption supported by tax rebates and stabilisation in housing market Reasonable to expect an extended period of low rates Appropriate to […] The post RBA Minutes Stick To The ‘Steady As She Goes’ Script | AUD/USD appeared first on Action Forex.
Read in Action Forex: https://apple.news/AnObW_
HEALTH / SCIENCE
10 common sleep myths: Put bad habits to rest and wake up a better sleeping routine
Stop tossing and turning, and start getting restful shut-eye.
Read in ABC News: https://apple.news/
UK steps up fight after losing 'measles-free' status
The United Kingdom says it will take steps to halt the spread of misinformation about vaccines as a result of losing its "measles-free" status after the highly infectious disease was declared eliminated in the country three years ago.
Read in CNN: https://apple.news/Arp-
It's Time to Get Serious about Tick-Borne Diseases
In the 1980s, the fight against AIDS was tragically delayed, in part because the virus primarily affected the marginalized populations of drug addicts and gay men. Today another epidemic rages unchecked: the number of Lyme disease cases has doubled since 2004, for a total of over 400,000 since then.. The victims are mainly residents of suburban and rural enclaves—93 percent white, many middle-class, and surely an atypical disenfranchised group. These people, including many children, are infected
Read in Scientific American: https://apple.news/
This Is How Often You Should Exercise a Week to Lose Belly Fat, According to an Expert
You've probably heard that if you want to transform your body, you've got to make changes to your nutrition, but that doesn't mean exercise is unimportant. If your goal is to lose belly fat, you have to exercise in conjunction with implementing nutritional changes for long-term results. To find out ...
Read in POPSUGAR: https://apple.news/
Bluetooth is bad and you should stop using it
Seriously. Turn it off.
Read in Mashable: https://apple.news/A3fCiIM_
10 common sleep myths: Put bad habits to rest and wake up a better sleeping routine
Stop tossing and turning, and start getting restful shut-eye.
Read in ABC News: https://apple.news/
UK steps up fight after losing 'measles-free' status
The United Kingdom says it will take steps to halt the spread of misinformation about vaccines as a result of losing its "measles-free" status after the highly infectious disease was declared eliminated in the country three years ago.
Read in CNN: https://apple.news/Arp-
It's Time to Get Serious about Tick-Borne Diseases
In the 1980s, the fight against AIDS was tragically delayed, in part because the virus primarily affected the marginalized populations of drug addicts and gay men. Today another epidemic rages unchecked: the number of Lyme disease cases has doubled since 2004, for a total of over 400,000 since then.. The victims are mainly residents of suburban and rural enclaves—93 percent white, many middle-class, and surely an atypical disenfranchised group. These people, including many children, are infected
Read in Scientific American: https://apple.news/
This Is How Often You Should Exercise a Week to Lose Belly Fat, According to an Expert
You've probably heard that if you want to transform your body, you've got to make changes to your nutrition, but that doesn't mean exercise is unimportant. If your goal is to lose belly fat, you have to exercise in conjunction with implementing nutritional changes for long-term results. To find out ...
Read in POPSUGAR: https://apple.news/
Bluetooth is bad and you should stop using it
Seriously. Turn it off.
Read in Mashable: https://apple.news/A3fCiIM_
USA / CANADA
Fasten Your Seat Belts: Commercial Real Estate Is Taking a Flight to Quality
A "flight to quality" doesn’t mean jetting off to a tropical resort, it's a strategy that real estate investors are using right now to gain peace of mind. Seasoned CRE buyers are flocking to quality assets with less market and construction risk. Is it time to reposition your investment holdings?
Read in Kiplinger: https://apple.news/
The Fed will cut rates five more times before April, analysts predict
The U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank.
Read in CNBC: https://apple.news/
Amid homelessness crisis, Los Angeles restricts living in vehicles
Nearly 10,000 people in Los Angeles live in vehicles. The City Council recently extended a ban on sleeping overnight in cars, vans or RVs in residential areas and near parks or schools.
Read in NPR: https://apple.news/AaXyt-
Trump postpones Denmark trip after Prime Minister refuses to discuss sale of Greenland
Less than two weeks before his scheduled trip to Denmark, President Donald Trump announced on Twitter that he has postponed his visit to Copenhagen after the Danish Prime Minister disputed his interest in buying Greenland as "absurd."
Read in CNN Politics: https://apple.news/
EMERGING MARKETS
500 million bees drop dead in Brazil in 3 months
Lab research pointed to pesticides with neonicotinoids and fipronil — products banned in Europe — as the main cause of death
Read in CBS News: https://apple.news/AJhP01Z-
AP Explains: Brazil's environmental changes under Bolsonaro
RIO DE JANEIRO (AP) — Pressure is rising around the administration of President Jair Bolsonaro to comply with Brazil's pledge to fight global warming, as the international community gathers in the northern state of Bahia for a week-long UN workshop on climate change. Bolsonaro, a far-right climate skeptic, has made clear he intends to make major changes to Brazil's environmental policy, including opening the globally vital Amazon rainforest to development and agribusiness. Countries such as
Read in My San Antonio: https://apple.news/
The Amazon is on fire and the smoke can be seen from space
The Amazon has been burning for weeks amid increasing deforestation. The intense smoke was detected by NASA and plunged São Paulo into darkness on Monday.
Read in VICE: https://apple.news/
UPDATE 1-Mexico says close to deal on pipeline dispute that spooked investors
(Adds background, context, sources)
Read in Reuters: https://apple.news/Al9hPe--
Argentina: A Monetary Crisis With Contagion Risks
Argentina has ignored the rising fiscal and monetary imbalances for many years.Risk for investors is that any likely government will continue with same policies.Other emerging markets face similar risks.
Read in Seeking Alpha: https://apple.news/A-
The Week Ahead of 19 August 2019 with Chris Gilmour | Opinion
Global growth concerns hit equity markets. Nervousness spilled over into other emerging markets during last week and hit South Africa as well.
Read in INCE|Connect News: https://apple.news/Af-
Off-Grid Solar Power Is Making Africa's Emerging Economies A Little Brighter
Off-grid solar power is making a huge difference in emerging economies and especially those in Nigeria and the Ivory Coast. Investors are therefore enticed, meaning the renewables industry has a positive forecast on the continent.
Read in Forbes: https://apple.news/
MIDDLE EAST
Hillary and Bill Clinton attend Iranian billionaire's Hamptons fete
Hillary and Bill Clinton attended the party amid increased tensions between the US and Iran, which are only growing now that a federal judge has approved a warrant to seize an Iranian tanker.
Read in Daily Mail: https://apple.news/
Hillary and Bill Clinton attended the party amid increased tensions between the US and Iran, which are only growing now that a federal judge has approved a warrant to seize an Iranian tanker.
Read in Daily Mail: https://apple.news/
Congress must exercise its power to ensure America has no war with Iran
Lawmakers have the chance to pull us back from the brink and set guardrails on a disastrous policy.
Read in The Hill: https://apple.news/
Iran sanctions threaten the lives of young cancer patients
In the battle over sanctions between the U.S. and Iran, the losers are Iranian cancer patients seeking life-saving drugs
Read in CBS News: https://apple.news/
U.S. warns Greece against hosting Iran oil tanker
The U.S. has warned Greece against assisting the Iranian tanker released by Gibraltar last week, saying those who help the vessel, which is carrying oil deemed illicit, would face immigration and potential criminal consequences.
Read in The Wall Street Journal: https://apple.news/
Pentagon report blames Trump Administration for ISIS resurgence
Katty Kay joins the conversation to talk about ISIS regaining strength in Iraq and Syria and the impacts of the Trump Administration’s troop withdrawal.
Read in MSNBC: https://apple.news/
Dubai Expo 2020 to invest $75m in landscaping
Nursery also planned with more than 12,000 trees and 256,000 shrubs
Read in Gulf Business: https://apple.news/
UAE construction sector to grow 6-10% in 2020 - KPMG survey
Comes ahead of Expo 2020
Read in Gulf Business: https://apple.news/A0JcM1-
AFRICA
IMF warns Zimbabwe against pay boost as living standards crash
The International Monetary Fund cautioned Zimbabwe's government against boosting wages for state workers unless it has sufficient tax revenue to do so after the introduction of a new currency pushed up inflation and reduced spending power to a 10th of what it was six months ago.
Read in My San Antonio: https://apple.news/A0os1_
Zimbabwe sanctions: Sadc calls on US and EU to drop policy
Sixteen southern Africa countries say US and EU economic sanctions are harming the region.
Read in BBC News: https://apple.news/
Zimbabwe eyes 400MW from Mozambique
Zimbabwe government will this week dispatch a high-powered team of experts to Mozambique to negotiate for more electricity imports from Hydro Cahora Bassa as authorities continue putting in place measures to improve power supply and avert rolling blackouts. Zimbabwe is currently receiving 50 megawatts from Mozambique, but authorities want to strike a deal for Zimbabwe...
Read in FurtherAfrica: https://apple.news/
Zimbabwe: Zacc Vows More Bite in Renewed ED Anti-Corruption Fight
President Emmerson Mnangagwa is set to up his anti-corruption crusade with an awareness campaign to be launched in Harare Wednesday. While the Zanu PF leader is loud on attempts to wipe out graft that is crippling the economy, very little has been done by his administration in the same direction. The anti-corruption awareness campaign will be set into motion by the Zimbabwe Anti-Corruption Commission (ZACC) and the National Prosecuting Authority (NPA) at an event scheduled for this Wednesday in
Read in AllAfrica: https://apple.news/AEtYkteWVP-
The Reader: Remember Zimbabwe’s battle for democracy
August 16 was not just another day that came and went [“Zimbabwe: ‘Corruption’ street protest called off after court ruling,” August 16]. It was a day Zimbabweans planned to peacefully demonstrate against wicked governance and horrible living conditions in the country.
Read in Evening Standard: https://apple.news/
Zimbabwe: ZAS 2019 Kicks Off With 18 Percent Space Uptake Increase
The Zimbabwe Agricultural Show (ZAS) kicked off Monday after recording an 18% increase space uptake indicating the vast business opportunities in the exhibition. In a recent exhibition update statement, ZAS chief executive, Anxious Masuka said that more exhibitors are coming on board for this year's edition. "Regarding exhibition space, we had 381 exhibitors compared to 324 last year - an 18% percent increase - taking space of 62 670 square meters compared to 50 740 square meters at the same
Read in AllAfrica: https://apple.news/
UPDATE 1-Cash-strapped S.Africa state arms firm ordered to hand over taxes - union
(Adds details, context)
Read in Reuters: https://apple.news/
Beijing's Belt and Road plans could boost the Islamic banking sector
China's pursuit of the Middle East may spur growth in the Islamic finance sector.
Read in CNBC: https://apple.news/
Wall Street Breakfast: Social Media Battleground In Hong Kong
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links). Marking the first time the companies have pointed to China as a source of disinformation campaigns, Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB) said they dismantled a state-backed social media operation that sought to undermine protests in Hong Kong. Twitter suspended nearly 1,000 active accounts, and removed approximately
Read in Seeking Alpha: https://apple.news/
China’s small banks push rules to the limit as they tap individuals for short-term funds amid liquidity crunch
Small mainland China banks are using online agencies to attract seven-day and 14-day deposits from retail investors, with the promise of big cash paybacks and high interest rates, which suggests they continue to face a liquidity crunch. Beijing has…
Read in South China Morning Post: https://apple.news/
EUROPE
MONEY LAUNDERING & DIPLOMATIC INCIDENT
Key Facts: Brussels aims to re-establish a blacklist of non-EU countries which are accused of money laundering. All 28 EU member states with European capitals shot down a previous attempt to publish what would be the EU’s first independent blacklist. The Financial Action Task Force, the global authority on money laundering, was not involved with the initiative. What caused this? The EU Justice Commissioner’s blacklisting plans target overseas jurisdictions which are failing to crack down on
Read in Now We Know: https://apple.news/AX_
European stocks cautiously higher as recession fears cool
European stocks edged slightly higher on Tuesday morning as hopes for monetary policy stimulus temper investor anxiety over an impending recession.
Read in CNBC: https://apple.news/
Exclusive: EU contests Johnson letter, says backstop only way to keep Irish border open - document
The European Union "contests" British Prime Minister Boris Johnson's call for the Brexit backstop to be dropped and regrets his bid to scrap a "necessary, legally operative solution" to avoid erecting an Irish border, a document seen by Reuters says.
Read in Reuters: https://apple.news/
Brexit Day 2019: When is the UK due to leave the EU and how will it happen?
Brexit - a portmanteau of Britain and exit - was coined following the 2016 United Kingdom European Union membership referendum. The referendum, held on Thursday June 23, 2016, was to decide whether the UK should leave or remain in the European Union. Leave won by 51.9 per cent to 48.1 per cent. More than 30 million people voted meaning the turnout was 71.8 per cent.
Read in The Telegraph: https://apple.news/
Boris Johnson is 'toothless' in his approach to the EU right now: Expert
Kallum Pickering, senior economist at Berenberg, says the U.K. prime minister won't make progress with the EU until the threat of a hard Brexit becomes credible.
Read in CNBC: https://apple.news/
Fate of Brexit deal in hands of the EU: UK Conservative chairman
The European Union needs to show flexibility over the Irish border "backstop" because the issue of whether Britain leaves the bloc with or without a deal is now mainly up to Brussels, Conservative party chairman James Cleverly said on Tuesday.
Read in Reuters: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 8/22/19 did update on the indicative rates Sell Rate 1190
The currency auction is 237,502,728
There are no news and announcements.
Rafidain identifies the complexes covered by 100 million loans for the purchase of housing units
Date of edit:: 2019/8/22 10:39 • 656 times read
Rafidain Bank, Thursday, identified the names of residential investment complexes covered by granting loans of 100 million dinars to employees who prefer to be from the endowment salaries with the bank and 50 million dinars for citizens to buy housing units.
The bank's media office said in a statement received (Euphrates News) a copy, that "residential investment complexes that have met all the legal requirements, which is the granting of loans for the purchase of housing units are {Amal residential complex in the province of Basra - Aziz residential complex in the province of Nasiriyah - complex Facebook Facebook logo Links on "Bissan Residential in Nasiriyah Governorate - Doha Housing Project Complex in Samawa Governorate.
He added that "employees wishing to grant loans of 100 million dinars and citizens who have been identified 50 million dinars for the purchase of apartments to go to these complexes to see the specifications of those apartments."
He stressed, "The coming days will be announced many housing complexes covered by loans of 100 million dinars and 50 million dinars, including the province of Baghdad."
He added that "employees wishing to grant loans of 100 million dinars and citizens who have been identified 50 million dinars for the purchase of apartments to go to these complexes to see the specifications of those apartments."
He stressed, "The coming days will be announced many housing complexes covered by loans of 100 million dinars and 50 million dinars, including the province of Baghdad."
Value Traded
294,458,240
Shares Traded
235,290,746
ISX ended in Green
Kauaihn Chatter:dd
8-21-2019 Newshound Guru MilitiaMan Now that they have done this, add in they told the citizens what they are going to do by showing them publicly about the NSCNs and coins to come from the CBI. The CBI told the GOI to release those articles for a purpose. That is to stimulate them imo to keep opening accounts as the NSCNs are coming. So...look for the BANKS to start talking to the citizens more and more...They let the cat out of the bag!!! imo...This article is more evidence of it! imo [post 2 of 2]
8-21-2019
8-21-2019 Newshound Guru Kaperoni A couple of very nice articles...came out talking about raising the value of the dinar against other currencies and introducing coins into the market. ...but no where does it say this would occur overnight. [When will this happen] ...if all things go as planned they're planning launch the market economy the first of next year by adding 72 trillion dinars to the 2020 budget. But this is Iraq.
8-21-2019 Newshound Guru future "Finance Committee: Reinstating the civil currency and deleting zeros" Quote: "The Finance Committee in the House of Representatives, on the trend to reintroduce the coin...stressing the importance of pre-empting the coinage process step by "deleting zeros" from the current currencies to be valuable for small cash groups" lots of talk about coins (fils)...small cash groups = lower denoms... seems these coins are gonna play a major role in the market place...vendors etc. ...need new value...i am still looking for an an increase before october 1...
8-21-2019 Newshound/Intel Guru Mnt Goat ...the flood gates have opened and the news is pouring in. ...The parliamentary finance committee has decided that the CBI needs to move to the next step of the “project to delete the zeros” and put the Iraqi dinar on a “level playing field” with the rest of the middle east currencies. Yesterday they came out with the announcement to re-mint the Iraq coins once again. They are saying they now need to put together legislation in which to give the CBI permission to do so...
8-21-2019 Intel Guru RayRen98 EVERYTHING REMAINS THE SAME TODAY, BANKERS ARE EXCITED AND STAND "AT THE READY" ....JUST A-WAITIN' FOR THE RELEASE.
8-21-2019 Intel Guru RayRen98 EVERYTHING REMAINS THE SAME TODAY, BANKERS ARE EXCITED AND STAND "AT THE READY" ....JUST A-WAITIN' FOR THE RELEASE.
8-21-2019 Intel Guru MarkZ [via PDK] There was not a lot of news overnight…I know we are tired of this “minute to minute” wait…but...I only share what I am told. Lots of people in Zurich, Asia, sitting on the edge of their seats today. I spoke with 2 contacts in Europe are still expecting it to happen today...they thought it was yesterday...but it didn’t happen. Iraq still has the same old street value. My contacts at the Redemption Centers are sitting there twiddling their thumbs today…still hearing its “anytime”. I am still excited about this week.
8-21-2019 Newshound Guru G-Lin Article: "What's the use of coins at the moment" Quote: "The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy." I think this is the first time I've seen the word reinstate. I like it. re·in·state (rē′ĭn-stāt′) 1. To bring back into use or existence. 2. To restore to a previous condition or position.
8-21-2019 Newshound/Intel Guru Dinar Investor - Jeff ...They're at the point where they'd be finished setting the stage for the citizens...Notice how they start releasing brand new articles talking about the deletion of the zeros (meaning change the rate)...They're doing that to educate the citizens...I gave you my personal target date of 9-21 or 9-22. Notice how Iraq just put all these articles out roughly thirty days before my target. This level of education can only be done at the very end when they're about to do this. That way it's fresh in the minds of the citizens...this is huge information what we are seeing on the deletion of the zeros and how it's used as a tool to control inflation and when the rate does change how they're going to be releasing the lower denoms along with coins. That's an education step for the citizens but my point is it can only be done at the very end...
8-21-2019 Intel Guru Frank26 Everyone knows... The US Treasury, the Iraqi citizens, the CBI, the GOI, the IMF…Everyone knows. Iraq is now on fire with the reinstatement of their currency.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Mahdi's website; posted only on Arabic side, not on English side)
The Cabinet holds its regular session under the chairmanship of Prime Minister Adel Abdul Mahdi
The Cabinet approved the recommendation of the Ministerial Energy Council on the Memorandum of Understanding with the State of Kuwait in the field of joint border oil fields.
The recommendation of the Ministerial Energy Council on exempting imported pipes for the benefit of the Central Oil Company from the product protection fee was approved.
The session also saw the approval of the issue of granting the International Academy School in the province of Basra, the founding license.
The memorandum of understanding to be signed between the Republic of Iraq and the General Secretariat of the League of Arab States on amortizing 75% of the debts of the Republic of Iraq was approved as part of its contribution to the support funds provided to Arab countries.
The Council approved the draft law on the accession of the Republic of Iraq to the Protocol for the Suppression of Unlawful Acts against the Safety of Fixed Platforms Located on the Continental Shelf of 1988.
The Council approved the draft instructions for the implementation of the provisions of the law on the employment of the first graduates No. (67) for the year 2017.
The Cabinet also approved the support of the Student Sports Club.
A special program implementation agreement was approved between the United Nations Development Program and the Secretariat of the Council of Ministers.
The Council approved the installation of a group of teachers and teachers contracted with the Directorate General of Education in the province of Basra, with the exception of the instructions to implement the federal budget for 2019.
The Council of Ministers also approved the recommendation of the Ministerial Council of Energy on the Karbala Refinery Project Annex No. (5).
Information Office of the Prime Minister
21 August 2019
***************
ARTICLE 1-B (from PM Mahdi's website; posted only on Arabic side, not on English side)
Prime Minister Adel Abdul-Mahdi telephoned His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to check on his health after being exposed to a health accident and conducting medical tests.
HH the Amir thanked the Prime Minister for his cordial contact with the brotherly feelings that express the strong relations between the two countries and brotherly peoples.
Information Office of the Prime Minister
21 August 2019
*************
ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 8-21-2019 around 8:45 am Eastern
The @IraqiGovt is introducing new measures to improve passenger access to Baghdad International Airport. Click here to read more:
Iraqi government implements measures to improve access to Baghdad International Airport
Authorities in Baghdad are implementing a series of measures to improve passenger access to Baghdad International Airport.
The measures include the widening of the main road to the airport, the removal of a number of security barriers and allowing vehicles to reach the departure terminals to drop off passengers.
These measures coincide with the the resumption of flights by major carries to Iraqi airports, and the expansion of Iraqi Airways route network. The easing of access to Iraq’s main international gateway comes just a few weeks after the Iraqi authorities oversaw the opening of the so called ‘Green Zone’ in central Baghdad to traffic, fulfilling an undertaking by Prime Minister Adil Abd Al-Mahdi and the Iraqi government.
Soon after the defeat of Daesh in Iraq, the Iraqi government began to remove concrete barriers, blast walls and checkpoints, which have been in place for well over a decade, from other parts of Baghdad and cities across Iraq.
*************
ARTICLE 3
Nassif accuses the finance minister of falsifying the 2019 budget and confirms that it possesses compelling documents
2019/8/21 16:20
[Baghdad-Where]
Parliamentary Integrity Committee confirmed on Wednesday that the House of Representatives interrogations will begin with Finance Minister Fouad Hussein at the beginning of the third legislative term, while members of the House of Representatives collected signatures to conduct the interrogations.
Committee member Alia Nassif said in a press statement, that “the House of Representatives will be questioning the beginning of its third legislative chapter of the Minister of Finance Fouad Hussein, because it violated the law by sending funds of the Kurdistan region without returning to Baghdad and forging the federal budget law for 2019. For not providing convincing answers as happened during his previous hosting. ”
Naseef said, "The Integrity Commission has strong documents proving the involvement of Finance Minister Fuad Hussein in fraud in the 2019 budget to achieve the disbursement of funds of the Kurdistan region," noting that "the House of Representatives began collecting signatures to question a number of ministers in the government of Adel Abdul Mahdi."
The Parliamentary Integrity Committee confirmed earlier, that the answers of Finance Minister Fouad Hussein on the application of the provisions of the 2019 budget does not rise to hear and shameful.
Naseef said, "The Integrity Commission has strong documents proving the involvement of Finance Minister Fuad Hussein in fraud in the 2019 budget to achieve the disbursement of funds of the Kurdistan region," noting that "the House of Representatives began collecting signatures to question a number of ministers in the government of Adel Abdul Mahdi."
The Parliamentary Integrity Committee confirmed earlier, that the answers of Finance Minister Fouad Hussein on the application of the provisions of the 2019 budget does not rise to hear and shameful.
*************
ARTICLE 4
Saleh stresses to Fayyad the importance of preserving the lives and property of Iraqis
2019/8/21 15:55
[Baghdad-Where
]
President Barham Saleh discussed on Wednesday with National Security Advisor Faleh Al-Fayyad ways to develop relations between Iraq and neighboring countries.
"President Barham Salih, at the Peace Palace in Baghdad, on Wednesday, national security adviser and head of the Popular Mobilization Commission, Faleh al-Fayyad," said a presidential statement received by the All-Iraq News Agency.
The statement added, "The meeting reviewed the political and security situation in the country, and the developments of events in the region," noting that "it was stressed the importance of establishing security and stability, and preserve the lives and property of Iraqis."
The President of the Republic, according to the statement, "the need for concerted and complementary efforts of security and military institutions to protect the gains of victory over the Islamic State terrorist gangs," pointing to "the importance of developing Iraq's relations with brotherly, neighborly and friendly countries, and to promote openness to the countries of the world away from axes policy."
*************
ARTICLE 5
Times: Sick Baghdadi puts IS under the command of a Baathist officer
2019/8/29 9:09
ISLAMABAD - Abu Bakr al-Baghdadi, the "terrorist leader" of the Islamic State, has placed the Islamic State under a Baathist officer, a British newspaper said.
The Times published a report by Jordan Segal entitled "The Sick Baghdadi Puts ISIS Under the Professor".
The writer says Baghdadi handed over ISIL's daily affairs department to his aide Abdullah Qardash, known as the "professor", a former officer in Saddam Hussein's army who rose to prominence after the fall of Saddam in 2003.
The decision adds to speculation about Baghdadi's health. Al-Baghdadi, 48, and Qardash, an unknown age, were arrested in 2003 for links to al-Qaeda and detained together in Basra. He described it as a succession state.
The writer says that Baghdadi began his career as a jihadist leader in a very public way, where he delivered a sermon from the mosque of Nuri in Mosul in 2014, to declare the birth of his succession. He adds that al-Baghdadi's first video recording in five years appeared in April this year, and part of his beard was henna and said he was in good health.
Analysts told the paper that Baghdadi had chosen a successor to rebuild the group, while Baghdadi himself was renewing the ISIS rhetoric to attract recruits as he did at the start.
"Baghdadi will not relinquish his post," Fadhil Abu Ragheef, a former security analyst with the Iraqi government, told the newspaper.
"There are three possible reasons for Baghdadi to choose another leader within ISIS: to fill the gaps in the organization, to unite with Qardash, which is popular among the group's members, and to prepare him for a new leadership at a later stage," Abu Ragheef said.
Security forces in the area have warned that the remaining cells of ISIS remain organized enough to launch attacks and exploit any power vacuum, the writer says.
No comments:
Post a Comment