WOTS Thursday 8/8/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.4000 | 1185.4000 | 1185.4000 | | 04:10 |
| USD/VND | | | 23231.0800 | 23229.3600 | 23231.0800 | | 01:30 |
| USD/CNY | | | 7.0595 | 7.0420 | 7.0585 | | 04:16 |
| USD/KWD | | | 0.3034 | 0.3031 | 0.3031 | | 04:12 |
| GBP/USD | | | 1.2182 | 1.2137 | 1.2142 | | 04:16 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14258.0000 | 14188.0000 | 14243.0000 | | 04:16 |
CNBC Link:
CNBC Morning Squawk Link:
No link yet
DC NY Iraq Articles:dd
Kurdish source for "Al-Ahd News": The presence of Abdul-Mahdi in our last chance to implement Article 140
08/08/2019 11:37 AM | Read
Ahd News - Baghdad
According to a senior Kurdish source, the presence of Prime Minister Adel Abdul Mahdi in power is the last chance for the Kurds to implement Article 140, and to return things to what they were before the referendum in the time of former Prime Minister Haider al-Abadi.
The source, who declined to be named, told Al-Ahd News on Thursday that "the Kurds have benefited a lot from the presence of Abdul Mahdi in power, because of the good relationship with the Kurds, who will not miss this opportunity from their hands." Nassif: Who gave advice to Abdul-Mahdi to increase the number of general inspectors is beneficial and opportunistic.
.
Kurdistan Regional Government seeks to make the agricultural sector an alternative to oil
2019/08/08 03:52:42
Shafq News / Minister of Oil and Water Resources in the Kurdistan Regional Government Picard Talabani on Thursday that the government attaches great importance to the advancement of the reality of the agricultural sector.
Talabani said today in a press conference held in Erbil that "we are working to be the agricultural sector alternative to oil or comparable to it," noting that "the Kurdistan region has the ingredients to promote the reality of agriculture, represented by fertile land, and the availability of water, and manpower."
She added that the agricultural and land sector had been destroyed and severely damaged by the former regime, especially in the border with Iran and Turkey, stressing that the Iran-Iraq war had caused great damage in the villages in the region.
Talabani expressed regret for the decline in prices in the seasonal crop crops, saying that "prices are falling to a level that is harmful to farmers and peasants and this aspect must be regulated."
She stressed the need to ensure an adequate budget commensurate with the agriculture sector, noting that "agriculture is called permanent oil and the new government of the Kurdistan region has paid great attention to this sector."
Nassif: Who gave advice to Abdul-Mahdi to increase the number of general inspectors is beneficial and opportunistic
Baghdad / Al-Ghad Press:
State of Law coalition MP Alia Nassif said on Thursday that she was surprised by the creation of new general inspectors in ministries and agencies instead of reducing them, noting that who gave advice to Prime Minister Adel Abdul Mahdi to increase their numbers is a person "beneficiary and opportunist."
Nassif said in a statement received "tomorrow," a copy, that "there is a court order issued by the Prime Minister under the title (confidential) includes the appointment of dozens of new inspectors in ministries and agencies and recycling others, which means increased sag existing mainly in their preparation and increase deals with "Whales of corruption in ministries and mutual benefit between inspectors and ministers, while respecting some honest inspectors who are known for their integrity."
She added that "the House of Representatives and the Integrity Commission did not have any role in the appointment and selection of former and new inspectors, and did not get an evaluation of the work of the offices until this decision is taken," adding that "we do not know according to what criteria were selected and appointed in this position, which is in the market positions The most expensive and quickest to get rich and make money for something simple is (silence). "
"The person who advised the prime minister to increase the number of inspectors is a beneficiary, opportunist and expert on the inspectors' stock market," she said.
It demanded "the prime minister to reverse this decision and only legalize the inspectors to one inspector general with offices in the ministries, such as the work of the Supervision Bureau if they want to proactive supervision, or unify similar ministries in their competence one inspector general security ministries." d
Warnings of a project to export Iranian oil and gas to Syria through Iraq
Baghdad
Thursday 08, 2019
Political forces in Iraq have warned of the serious consequences for Iraq if the Iraqi government adopts a project to export Iranian oil to Syria through Iraq.
Iraqi MP Faleh al-Issawi said Iraq would be the biggest loser in a project being discussed in the secret corridors aimed at reviving the Iraqi-Syrian oil pipeline with Iranian support to circumvent US sanctions by exporting large quantities of Iranian oil to Syria and through it to other markets.
Al-Issawi said that the goal of Iran from the project is to ease US sanctions by exporting Iranian oil through the Iraqi pipeline, pointing out that Washington will not stand idly by over the Iraqi persistence to support Iran at the expense of US interests.
For his part, a source in the Iraqi Oil Ministry said that attempts to revive the Iraqi-Syrian pipeline, which stopped in the early eighties after the outbreak of the Iran-Iraq war began in 2010 when the Syrian and Iraqi sides signed a memorandum of understanding to export Iraqi oil through Syrian ports.
He said that the project, as revealed by oil experts from both countries, will be in two phases, the first phase includes the export of Iraqi light oil capacity of two and a half million barrels per day, and the second phase includes the export of heavy oil by one million and 300 thousand barrels per day accompanied by a line to export Iraqi gas to Syria .
In 2013, a tripartite agreement was signed between Iraq, Syria and Iran, which includes exporting Iranian gas through Iraq to Syria and then transporting it to Greece and Italy.
The project also includes the construction of a pipeline from Iran to Iraq, Syria with a capacity of transporting up to 110 million cubic meters of Iranian gas per day.
The Iraqi government has not officially spoken about the project, but political and parliamentary circles in Iraq have obtained documented information about it and Iranian pressure on Syria and Iraq to accelerate its completion.
The British Times: Israel bombed Iraq twice a month targeting Iranian missiles
08-08-2019 09:50 AM
The Times has published an article for its Middle East correspondent, Richard Spencer, titled 'Israel Attacks Shiite Militias in its Hidden War Against Iran', with another war being launched in the Middle East last month.
The writer cites an article in the Saudi newspaper Al-Sharq al-Awsat for a Western diplomat as saying that 'Israel has expanded the circle of targeting Iran'.
It is now almost certain that Israeli planes bombed Iraq twice last month, perhaps one by drone, for the first time since its forces destroyed the Iraqi nuclear reactor in 1981.
The attacks on bases occupied by Iranian-backed Shiite militias are opening a new front in a complex game of indefinite attacks and transgression, while wars are almost ending in Syria and Iraq.
The first attack, which targeted a military base used by the Badr Corps in an area near Amerli in Salahuddin province, which included Iranian Revolutionary Guards and Hezbollah battalions, was overshadowed by news of Iran's seizure of a British oil tanker and did not take enough space in the media.
Nine days later, another attack on Ashraf camp, northeast of Baghdad, belonging to the Badr Brigade led by Hadi al-Amiri, described as 'one of the most important political decision-makers in Iraq', leaving more than 40 dead, including members of the Iranian Revolutionary Guards. According to regional newspapers, all evidence refers to Israel.
The writer explains that evidence leaked after the attacks indicated that the first site contained medium-range missiles inside refrigeration trucks and that another shipment of missiles reached the second site from the border with Iran.
The writer says that 'Iraq is an important ally of the United States and at the same time has strong relations with Iran as it tries to balance in its relations with the two countries are very adversarial'.
Israel's top priority is to bomb sites in Syria used by Iran to build a military presence there, and Israeli leaders were quoted as saying that if militia positions and camps in Iraq were used to build an Iranian presence there, they would not be immune from bombing.
Iran has moved its medium-range missiles (700 km) to cover a range sufficient to strike Tel Aviv from Iraq, according to Spencer.
The writer quotes retired Brigadier General Assaf Orion, a former director of strategic planning in the Israeli army, in which he said that 'one of his colleagues believed that the missiles were coming from Iran to the Shiite brigades in Iraq' Badr Brigade and Hezbollah battalions' and they developed a line of communication with Iran allows them To import missiles and equipment without government approval. '
Spencer pointed to Orion's statement to The Times that he had no evidence that Israel carried out the attack, but said: "If Iran tries to build military bases in Iraq, it is more likely that Israel will try to curb them."
The United States is unlikely to prevent Israel from carrying out such 'attacks', that US officials were already aware of the attack, that Israel would continue to carry out attacks on its neighbors if necessary, and that it was in no one's interest to say any. Something about it.
The Times has published an article for its Middle East correspondent, Richard Spencer, titled 'Israel Attacks Shiite Militias in its Hidden War Against Iran', with another war being launched in the Middle East last month.
The writer cites an article in the Saudi newspaper Al-Sharq al-Awsat for a Western diplomat as saying that 'Israel has expanded the circle of targeting Iran'.
It is now almost certain that Israeli planes bombed Iraq twice last month, perhaps one by drone, for the first time since its forces destroyed the Iraqi nuclear reactor in 1981.
The attacks on bases occupied by Iranian-backed Shiite militias are opening a new front in a complex game of indefinite attacks and transgression, while wars are almost ending in Syria and Iraq.
The first attack, which targeted a military base used by the Badr Corps in an area near Amerli in Salahuddin province, which included Iranian Revolutionary Guards and Hezbollah battalions, was overshadowed by news of Iran's seizure of a British oil tanker and did not take enough space in the media.
Nine days later, another attack on Ashraf camp, northeast of Baghdad, belonging to the Badr Brigade led by Hadi al-Amiri, described as 'one of the most important political decision-makers in Iraq', leaving more than 40 dead, including members of the Iranian Revolutionary Guards. According to regional newspapers, all evidence refers to Israel.
The writer explains that evidence leaked after the attacks indicated that the first site contained medium-range missiles inside refrigeration trucks and that another shipment of missiles reached the second site from the border with Iran.
The writer says that 'Iraq is an important ally of the United States and at the same time has strong relations with Iran as it tries to balance in its relations with the two countries are very adversarial'.
Israel's top priority is to bomb sites in Syria used by Iran to build a military presence there, and Israeli leaders were quoted as saying that if militia positions and camps in Iraq were used to build an Iranian presence there, they would not be immune from bombing.
Iran has moved its medium-range missiles (700 km) to cover a range sufficient to strike Tel Aviv from Iraq, according to Spencer.
The writer quotes retired Brigadier General Assaf Orion, a former director of strategic planning in the Israeli army, in which he said that 'one of his colleagues believed that the missiles were coming from Iran to the Shiite brigades in Iraq' Badr Brigade and Hezbollah battalions' and they developed a line of communication with Iran allows them To import missiles and equipment without government approval. '
Spencer pointed to Orion's statement to The Times that he had no evidence that Israel carried out the attack, but said: "If Iran tries to build military bases in Iraq, it is more likely that Israel will try to curb them."
The United States is unlikely to prevent Israel from carrying out such 'attacks', that US officials were already aware of the attack, that Israel would continue to carry out attacks on its neighbors if necessary, and that it was in no one's interest to say any. Something about it.
Kauaihn Iraq Articles:dd
Many officials threaten .. Two blocs in the process of collecting signatures to include the subject of communication with countries abroad
https://translate.
https://translate.
2019-08-07 | 04:52
A parliamentary source revealed that two parliamentary blocs are seeking to collect signatures to include the issue of communication with the countries abroad, indicating that this subject will threaten many officials.
"The insistence by political parties on the accusation of a senior commander in the army to link with the Americans or to communicate with them, pushes to open the file of intelligence and cooperation with abroad," he said, adding that "the law, if properly implemented, will affect many of them in the political process in Iraq."
The source added that "two leaders of parliamentary blocs are considering launching a campaign to collect broad signatures to include the subject of communication and engagement abroad, and open it wide within the parliament," adding that "this includes politicians and government officials and leaders and leaders."
He continued that "some of the research centers and the media and forums and associations in Iraq, linked to this file, the fact that most of the intelligence and political interfaces in the country."
The case of Anbar's chief of operations, Mahmud al-Falahi, and his accusation of links and intelligence with the Americans, opened the door of wide political debate in the country for several weeks, over what is described as linking abroad and the relations established by politicians, military, security officers and leaders, with external forces. d
A parliamentary source revealed that two parliamentary blocs are seeking to collect signatures to include the issue of communication with the countries abroad, indicating that this subject will threaten many officials.
"The insistence by political parties on the accusation of a senior commander in the army to link with the Americans or to communicate with them, pushes to open the file of intelligence and cooperation with abroad," he said, adding that "the law, if properly implemented, will affect many of them in the political process in Iraq."
The source added that "two leaders of parliamentary blocs are considering launching a campaign to collect broad signatures to include the subject of communication and engagement abroad, and open it wide within the parliament," adding that "this includes politicians and government officials and leaders and leaders."
He continued that "some of the research centers and the media and forums and associations in Iraq, linked to this file, the fact that most of the intelligence and political interfaces in the country."
The case of Anbar's chief of operations, Mahmud al-Falahi, and his accusation of links and intelligence with the Americans, opened the door of wide political debate in the country for several weeks, over what is described as linking abroad and the relations established by politicians, military, security officers and leaders, with external forces. d
Wisdom calls for an extension of the application period to calculate the period of political separation
Release date:: 2019/8/7 11:42 • 101 times read
(Baghdad: Euphrates News) The National Wisdom Movement, on Wednesday, to extend the application period to calculate the period of political separation because of the late completion of transactions.
The MP for the wisdom movement, Asaad Yassin in a statement received (Euphrates News) a copy of it, "given the large number of requests from citizens and covered by the calculation of the period of political separation for employees and non-employees, who are submitted to the treasury departments and each according to his province, we ask members of the House of Representatives National wisdom demanding the extension of the period of submission granted by the Prime Minister.
Yassin added that "the claim comes because of the delay in the completion of transactions, due to the large numbers and delays by the institution of prisoners and martyrs to issue books of support for politicians, calling for" to stand and support this segment of society.
Yassin added that "the claim comes because of the delay in the completion of transactions, due to the large numbers and delays by the institution of prisoners and martyrs to issue books of support for politicians, calling for" to stand and support this segment of society.
Palestine considers Importing Fuel from Iraq
By Huda Baroud for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
Palestinian Prime Minister Mohammad Shtayyeh visited Iraq July 15 to discuss importing Iraqi fuel. This falls within the Palestinian Authority (PA)’s quest for gradual economic disengagement from Israel.
Shtayyeh was accompanied to Baghdad by a delegation composed of Minister of Finance Shukri Bishara, Minister of Foreign and Expatriate Affairs Riyad al-Malki, Minister of National Economy Khaled Assali, Minister of Agriculture Riyad Attari and Palestinian intelligence service head Majid Faraj. The delegation met with Iraqi Prime Minister Adel Abdul Mahdi, President Barham Salih and parliament Speaker Salim al-Jabouri.
Senior IS Member Captured in Iraq
He was involved in the genocide against Yezidis
ERBIL - A senior member of the Islamic State (IS) has been captured in Iraq, while the Ministry of Defense said that the jihadist was involved in the genocide against the religious minority group of Yezidis.
The ministry explained in a statement that the senior insurgent was identified as Hazim Mohammed Abdullah Qasim who was called Abu Hajar by his fellows.
He was accused of "direct" involvement in raping and killing of Yezidi women.
He was arrested cooperatively with the Police Directorate in Baaj based on intelligence information, the press release noted.
The extremist group of IS in mid-2014, attacked Sinjar and killed hundreds of Yezidis, while abducting over 6,000 others, the majority of whom were women and children from the region.
Iraqi Insurance: able to secure trade with the world
07/08/2019
(Independent) .. The Director General of the Iraqi Insurance Company, Haifa Chamoun Issa, the company's ability to secure the movement of Iraqi trade with the countries of the world, pointing out that Iraq has an insurance device capable gesture efficient.
Issa said that our company slogan “Insurance is a safety for the whole family” is based on real foundations of work guaranteeing all elements of life, where insurance represents a guarantee for everyone on his property and life, and relieves its burdens in light of the challenges facing the family and people of all moral qualities.
She pointed out that the company is in constant mobility in order to spread the culture of insurance, and its importance in supporting the national economy, pointing out that the last station in mobility was with the family business in the Baghdad Chamber of Commerce were discussed ways of cooperation and work to overcome all challenges, and then discuss the securing documentary credits that Opened by traders in private or government banks.
Issa stressed that this approach is of great benefit to all parties, pointing out that the insurance decisions issued after 2004, including the law regulating insurance work No. 10 of 2005 need to be reviewed, to be supportive of the local insurance effort.
The company supports the state treasury with 45 percent of its profits under the law of public companies No. 22 of 1997.
She pointed to the provision of real protection for citizens of all different and compensated insured property with the necessary amounts, where the Shorja fires have been compensated, the most recent Rose market has been compensated 93 stores, and in all compensation continues, as well as compensation for the paint market fire in the middle Euphrates, and work is continuing, and we have insured Positive demand for insurance.
She pointed to the provision of real protection for citizens of all different and compensated insured property with the necessary amounts, where the Shorja fires have been compensated, the most recent Rose market has been compensated 93 stores, and in all compensation continues, as well as compensation for the paint market fire in the middle Euphrates, and work is continuing, and we have insured Positive demand for insurance.
Kauaihn Economic Times:
ECONOMIC TIMES / CHATTER
FOR TWITTER ACCT
Just send a text message from your cell phone to:
40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
ONLY SPACE IS AFTER FOLLOW
who are on their computers to go to:
to get to our twitter feed
Today in History
Today in History
Read in ABC News: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Dayton mayor is questioning whether the president's visit to the Ohio city will help; El Paso opens grief center to help people cope with mass shooting; North Korean missile launch meant as warning to U.S. and South Korea
Read in ABC News: https://apple.news/
A heightened US-China financial war imperils global economy
A heightened US-China financial war imperils the global economy
Read in ABC News: https://apple.news/
Gold: Daily, Weekly And Monthly Potential Short Trigger Levels Identified
A close in gold below $1476 will activate a short trigger on a monthly signal, automatically activating the targets below.The next targets below are $1465 to $1471.A close below $1450 will activate the yearly, monthly and daily short signals, activating short trigger points with targets below the mean at the $1400 to $1363 levels.
Read in Seeking Alpha: https://apple.news/A_
Gold Prices Firm Near Six-Year Highs as PBoC Yuan Fixing Stabilizes Markets
Commodities Aug 06, 2019 13:17 GMT Investing.com - Gold prices held near six-year highs Tuesday as words and action from People’s Bank of China reassured markets that it wouldn't let the yuan fall sharply. Spot gold gained $1.72, or 0.1%, to $1,465.61 by 9:12 AM ET (13:12 GMT), pulling back from the intraday high of $1,474.99, its most expensive level since May 2013. On the back of the U.S. labeling China a "currency manipulator" after the central bank allowed the yuan to fall below 7 to the
Read in Investing.com: https://apple.news/
Gold Prices Flat After Hitting 6-Year Highs on Escalating U.S.-China Trade War
Commodities Aug 06, 2019 04:56 GMT Investing.com - Gold prices were little changed on Tuesday in Asia after hitting new six-year highs in the previously session amid escalating Sino-U.S. trade tensions. Gold futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were little changed at $1,475.90 by 12:54 AM ET (04:54 GMT). Tensions between China and the U.S. began to rise again last week after U.S. President Donald Trump imposed new tariffs on Chinese
Gold Prices Gain on Trade Concerns
Commodities Aug 07, 2019 04:54 GMT
Read in Investing.com: https://apple.news/ACDt_
Oil Prices Slip on Demand Worries
Commodities Aug 07, 2019 05:04 GMT Investing.com - Oil prices slipped on Wednesday in Asia as ongoing Sino-U.S. trade war sparked concerns over demand. U.S. Crude Oil WTI Futures slipped 0.1% to $53.59 by 1:16 AM ET (05:16 GMT). International Brent also slipped 0.1% to $58.86. The U.S. labelled China as a “currency manipulator” earlier this week. While reports suggested that the labelling is merely symbolic, some analysts said the move could lead to a scaling up of the trade war and harsher
Read in Investing.com: https://apple.news/
Oil Prices Rise Despite Concerns Surrounding U.S.-China Trade Dispute
Commodities Aug 06, 2019 05:16 GMT Investing.com - Oil prices gained on Tuesday in Asia despite concerns that escalating Sino-U.S. trade war could negatively impact demand for crude. U.S. Crude Oil WTI Futures gained 1.1% to $55.21 by 1:14 AM ET (05:14 GMT). International Brent Oil Futures rose 1% to $60.41. The fact that the People’s Bank of China set the yuan fixing stronger than expected on Tueday was cited as a tailwind for oil prices today and provided some relief to investors, although
Read in Investing.com: https://apple.news/AmM_
HSBC Adds To The Gloom On Wall Street By Cutting 4,000 Jobs
A toxic combination of less companies hiring, nearshoring and offshoring jobs, complaints of rampant ageism in the hiring process and the desire of banks to install technology to replace people make it a challenging time for job seekers.
Read in Forbes: https://apple.news/
Ousting of HSBC CEO John Flint shows ‘increased ruthlessness’ of bank’s board, S&P says
The abrupt departure of HSBC chief executive John Flint shows the “increased ruthlessness” of HSBC’s directors and their unwillingness to tolerate middling performance by the bank, S&P Global Ratings said on Tuesday. On Monday, HSBC said that Flint, a…
Read in South China Morning Post: https://apple.news/AgThSUXmTR-
HSBC Replaces Its Captain As Stormy Waters Near
All change on the top deck of HSBC as the twin risks of Brexit and the U.S. trade war with China intensify.
Read in Forbes: https://apple.news/
One third of mortgage borrowers are missing out on an opportunity to save $2,000
Consumer advocates have an important recommendation for first-time buyers.
Read in MarketWatch: https://apple.news/
Internet stocks aren’t immune to global equity selloff
Shares of industry stalwarts Facebook, Alphabet’s Google, Snap, Pinterest and others tumbled after China allowed its yuan currency to fall to a more-than-10-year low versus the dollar in an escalating trade war with the U.S.
Read in MarketWatch: https://apple.news/
UBS Has a New Plan for Wealthy Clients, Will Charge for Euro Accounts Above 500,000
The Swiss bank has now decided to lower its threshold for fees from its wealthy clients from 500,000 euros onwards. Euro banks under pressure UBS Group AG is facing tough times due to lower profits and negative interest rates. The problems have led the bank to focus on its wealthy clients and lower the threshold […] The post UBS Has a New Plan for Wealthy Clients, Will Charge for Euro Accounts Above 500,000 appeared first on LearnBonds.com.
Read in Learn Bonds Financial News: https://apple.news/
UBS slashes threshold for fee on euro deposits at Swiss bank
UBS Group will halve to500,000 euros ($559,900) its threshold for charging a 0.6%deposit fee on euro accounts at its Swiss banking unit,Switzerland's largest lender said on Tuesday.
Read in Reuters: https://apple.news/
'Three day wait' for checks to clear could speed up
The standard 'three day wait' for a check to clear could become a thing of the past. Eventually.
Read in NBC News: https://apple.news/AYaLwBt_6R-
Jolted markets mark new 2019 milestonesGlobal financial markets have been jolted in recent days by yet another escalation in a trade war between the United States and China, with the resulting selloff and bid for safety pushing assets and markers into new territory for the year.
Read in Reuters: https://apple.news/
The Dow Is Rising Because China Sent a Positive Signal About the YuanAll three major U.S. stock indexes were poised for gains following Monday’s rout.
Read in Barron's: https://apple.news/
Securing a Wall Street job now is harder than ever: insidersThe US labor market may be booming — but it’s been a bloodbath on Wall Street. A recent wave of layoffs from some of the biggest banks is making it harder than ever to get a job on Wall Street, recruiters and other insiders say. On Monday, banking giant HSBC announced more than 4,750 layoffs as the company looks to rein in costs — a culling that brings the total number of bankers out of work this year to more than 23,000 globally. HSBC’s announcement comes on the heels of more than 18,000 cuts
Read in New York Post: https://apple.news/
Corporate-Bond Resilience Is the Silver Lining to Trade TroublesIf the trade disruption leads to lower interest rates and easier monetary policy world-wide, as expected, it should only speed global investors’ march into U.S. corporate debt.
Read in Barron's: https://apple.news/
GLOBAL MARKETS-Trade worries sink stocks as yuan slides to a decade low* China's yuan drops below 7 per dollar
Read in Reuters: https://apple.news/
Jolted markets mark new 2019 milestones
Global financial markets have been jolted in recent days by yet another escalation in a trade war between the United States and China, with the resulting selloff and bid for safety pushing assets and markers into new territory for the year.
Read in Reuters: https://apple.news/
Markets brace for volatility surge as currencies enter trade war
China's decision to let its yuan plunge through a previously sacrosanct level means a tit-for-tat trade conflict could morph into a currency war, injecting volatility into long-dormant foreign exchanges and piling pressure on world markets.
Read in Reuters: https://apple.news/A58FunE_
Brace for a 2nd wave in stock-market volatility — and this one could be ‘Lehman-like’, says Nomura
A rally in stocks on Tuesday may take shape after an ugly Monday selloff but any rebound ought to be treated with skepticism and as preparation for the next wave of selling, warns one quantitative analyst at Nomura.
Read in MarketWatch: https://apple.news/
Top 5 Things to Know in the Market on Wednesday
Economy Aug 07, 2019 09:51 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 7: 1. China sets yuan midpoint below 7 per dollar With lingering doubts over the next move in the U.S.-China trade standoff, the People’s Bank of China set the official midpoint reference for the yuan at 6.9996 on Wednesday. The level is stronger than the 7 per dollar psychological handle that led U.S. President Donald Trump to accuse the world’s second largest
Read in Investing.com: https://apple.news/
Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A
Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round.
Read in CoinDesk: https://apple.news/
Japanese Crypto Exchange Bitpoint Restarting Trade Services
The exchange lost 3 billion yuan during a hack on July 11.
Read in CoinDesk: https://apple.news/
Bitcoin Price Rises Above $12K to Hit One-Month High
Bitcoin's move above $12,000 is backed by an uptick in trading volumes and bullish readings on the daily chart.
Read in CoinDesk: https://apple.news/
Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A
Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round.
Read in CoinDesk: https://apple.news/
British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
Read in CoinDesk: https://apple.news/
Bitcoin Flirts With $12,000 As Yuan Struggles
Will the trade wars continue to escalate? Will bitcoin benefit from any such conflict?
Read in Forbes: https://apple.news/AmRBfZ_
US Dollar Drops Amid Growing Trade Worries
The US dollar declined as trade concerns persisted around global foreign exchange market, driving up safe-haven currencies including the Japanese yen and the Swiss franc.
Read in BTVI: https://apple.news/
Dollar Recovering While Yen Softens as Currency War Fear Recedes Mildly | Action Forex
Market sentiments stabilized with recoveries seen in European stock markets, while US futures also point to a solid rebound. The China’s Yuan also pares back some of yesterday’s steep losses on rumors that a PBoC official reassured foreign companies that the currency won’t continue to weaken significantly. Though, the bond markets shrug off the stabilization […] The post Dollar Recovering While Yen Softens as Currency War Fear Recedes Mildly appeared first on Action Forex.
Read in Action Forex: https://apple.news/A_
Forex - Yen Gains versus Dollar, Yuan Slips as Trade Woes Linger
Forex Aug 07, 2019 08:05 GMT Investing.com - The safe haven yen gained ground against the U.S. dollar on Wednesday and the yuan slid as ongoing concerns over the escalating U.S.-China trade war kept investors on tenterhooks. The yuan eased against the dollar in offshore trade on Wednesday after the People's Bank of China set its official midpoint not much firmer than its previous close. China's currency also opened weaker against the dollar in onshore trade. The long running trade conflict
Read in Investing.com: https://apple.news/
Pound euro exchange rate: GBP/EUR edges away from fresh two-year low
The pound euro exchange rate struck a fresh two-year low yesterday as the euro was bolstered by US dollar weakness. However, GBP/EUR has recovered 0.6 percent today to trade in the region of €1.087. The euro shed some of yesterday’s impressive gains this morning despite German factory orders data coming in slightly stronger than forecast. Factory orders were up 2.5 percent in June rather than the 0.5 percent expected. However, on the year factory orders still declined -3.6 percent. The report
Read in Express: https://apple.news/ARpwxqEi_
Brazil: Higher Valuations Don't Compensate For Currency Risk
A year ago, Brazil was an excellent investment opportunity, as it had low valuations and overwhelmingly negative investor sentiment.Today, valuations and sentiment are higher, while trade war-led currency risks continue to expand.Bolsonaro's many promises have pushed equities up further than the new president can push the economy.Extreme government deficits and public debt growth pose a major long-term risk.
Read in Seeking Alpha: https://apple.news/
China’s central bank to sell US$4.3 billion worth of yuan-denominated securities, slowing currency devaluation
China’s central bank will sell 30 billion yuan (US$4.3 billion) worth of short-term yuan-denominated securities in Hong Kong next week, signalling its plan to absorb offshore liquidity and cushion against further depreciation of its currency versus the US…
Read in South China Morning Post: https://apple.news/
Forex - Yuan Slips; U.S. Labels China as Currency Manipulator
Forex Aug 06, 2019 03:02 GMT Investing.com - The yuan slipped on Tuesday in Asia as China sets the daily currency fixing at a stronger-than-expected level. The USD/CNY pair was up 0.1% to 7.0501 by 11:36 PM ET(03:36 GMT). In a statement, Treasury Secretary Steven Mnuchin said overnight that the U.S. government has declared China a currency manipulator. The announcement came after China allowed the yuan to fall past the key 7-per-dollar level for the first time in more than 10 years. The
U.S. watching North Korea missile launches very carefully -Trump adviser Bolton
U.S. President Donald Trumphas an understanding with North Korean leader Kim Jong Un thatPyongyang will not launch intercontinental-range ballisticmissiles, and the United States is watching North Korean missiletests very carefully, Trump's national security adviser JohnBolton told Fox News Channel on Tuesday.
Read in Reuters: https://apple.news/A3qyx1S_
You don't have to be an economist to understand the Federal Reserve
The Federal Reserve may be a remote entity but it directly affects people's financial lives.
Read in CNBC: https://apple.news/
The Fed is getting into the real-time payments business
The Federal Reserve wants to make paying bills and transferring money easier and faster.
Read in CNN Business: https://apple.news/ApT9-
Trump: China, other nations pouring money into US
The president's tweet comes as the ongoing trade war with China escalates.
Read in Fox Business: https://apple.news/APAw_
The U.S.-China trade war could get much worse
Stocks continued their sell-off overnight as fears of further escalation in the U.S.-China trade war were realized after markets closed on Monday.
Read in Axios: https://apple.news/
US-China trade war: Trump pledges to support American farmers
"Our great American Farmers know that China will not be able to hurt them," he said.
Read in Fox News: https://apple.news/
Trump shrugs off trade war concerns while China warns of market chaos
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington's decision to label it a currency manipulator would lead to chaos in financial markets.
Read in Reuters: https://apple.news/
UPDATE 2-Brazil central bank sees little second-quarter growth, flags global risks
(New throughout, adds comments from central bank head CamposNeto)
Read in Reuters: https://apple.news/
Emerging debt, stocks suffer biggest daily outflows of 2019 on Friday: IIF
LONDON (Reuters) – Emerging market debt and equities suffered their biggest outflows of 2019 on Friday with hefty losses continuing on Monday amid a sharp escalation of Sino-U.S. trade tensions, data from the Institute of International Finance showed (IIF). Analysing high frequency data from local stock exchanges and debt offices, the IIF, found that $2.33...
Read in CreaWorldNews: https://apple.news/
Markets brace for volatility surge as currencies enter trade war
China's decision to let its yuan plunge through a previously sacrosanct level means a tit-for-tat trade conflict could morph into a currency war, injecting volatility into long-dormant foreign exchanges and piling pressure on world markets.
Read in Reuters: https://apple.news/A58FunE_
GLOBAL MARKETS-Rout relents as China keeps yuan on leash
(Recasts with European market moves)
Read in Reuters: https://apple.news/
Washington hits Venezuela with full economic embargo
Donald Trump hit Venezuela with an economic embargo, putting it on par with the likes of Cuba, Syria, Iran and North Korea.
Read in Miami Herald: https://apple.news/
Oil built Saudi Arabia – will a lack of water destroy it?
As Riyadh continues to build skyscrapers at a dizzying rate, an invisible emergency threatens the desert kingdom’s existence Bottles of water twirl on the conveyor belts of the Berain water factory in Riyadh, as a puddle of water collects on the concrete floor. In a second warehouse, tanks emit a low hum as water brought in from precious underground aquifers passes through a six-stage purification process before bottling. “In Saudi Arabia there are only two sources of water: the sea and deep
Read in the guardian: https://apple.news/
Russia, Iran to Train Together 'This Year' As They Fight Back Against U.S.
August 05, 2019 Trump Says U.S. Shot Down Iranian Drone In The Strait Of Hormuz The head of Iran's navy has said his forces planned to train alongside their Russian counterparts by the end of the year as both nations stepped up their rhetoric against U.S. policies targeting them. Iranian naval commander Rear Admiral Hossein Khanzadi confirmed Sunday that Iran and Russia had signed their first-ever memorandum of understanding regarding inter-military affairs last week during his visit to Moscow.
Read in Newsweek: https://apple.news/
How Trump's trade war could help Iran and crash oil prices
The deepening trade war between the United States and China could deal a double shock to the fragile oil market.
Read in CNN Business: https://apple.news/
This new Dubai pop-up is stocking some of our favourite Arab accessory brands – Emirates Woman
As well as emerging international brands. We love the transformative power of accessories, and this new Dubai pop-up is bound to become our new favourite haunt. Facilité, the multi-dimensional space in Dubai Design District, has just introduced ‘The Accessory Edit’. The retail concept brings together some of the leading independent names from the region and the rest of the world. Some of the brands are coming to Dubai for the first time. From today you can browse the selection of exclusive and
Read in Emirates Woman: https://apple.news/
Israeli police 'plant gun' in Palestinian house for 'racist' TV show
Israeli police 'plant gun' in Palestinian house for 'racist' TV show
Read in The New Arab: https://apple.news/
Netanyahu ally rewards Saudi Grand Mufti with invitation to Israel after slamming Hamas
Netanyahu ally rewards Saudi Grand Mufti with invitation to Israel after slamming Hamas
Read in The New Arab: https://apple.news/
Zimbabwe: Govt Sets Aside U.S.$1,1 Billion Safety Net
Government has set aside $1,1 billion as it underscores its determination to ensure the most vulnerable citizens are cushioned from the obtaining economic challenges. At least $15 million has been earmarked to support the mass urban transportation programme every month while millions more are channelled towards education, health and food. This was said by Finance and Economic Development Minister Professor Mthuli Ncube in Harare yesterday. He said Government is now working on extending the
Read in AllAfrica: https://apple.news/
Zimbabwe: Mthuli Defends Annual Inflation Bar
(Photo: New Zimbabwe) Finance and Economic Development Minister Mthuli Ncube has defended his decision to blackout publication of year-on-year inflation statistics for the next six months, saying continuing to do so does not make sense theoretically and statistically, but retaining month on month figures. Last week, in his 2019 Mid-Term Budget Review Statement, Minister Ncube said deferring publication of inflation figures "will ensure that we compare like with like in terms of currency regimes.
Read in AllAfrica: https://apple.news/
Zimbabwe secures more electricity imports to ease outages
Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts, after it agreed to make payments to clear its debt to a regional power utility, a treasury official said on Monday.
Read in Reuters: https://apple.news/
Kenya and Jamaica Pledge to Deepen Trade Ties
(Photo: The Presidency/Daily Nation) Kenya and Jamaica have pledged to deepen bilateral and people-to-people ties for the benefit of the two countries. The commitment came as President Uhuru Kenyatta, who is in Jamaica for a historic state visit, held bilateral talks with his host Jamaican Prime Minister Andrew Holness on Monday afternoon. The two leaders witnessed the signing of four agreements among them MoUs on technical cooperation in tourism and in the fields of sports, culture and heritage
Read in AllAfrica: https://apple.news/
Africa: A Newly Discovered Hacking Group Is Targeting Energy and Telecoms Companies
There's a new hacking group on the radar targeting telecommunications and oil and gas companies across Africa and the Middle East. Industrial security company Dragos, which discovered the group, calls it "Hexane," but remains largely tight-lipped on its activities. The security company said Thursday, however, that the group's activity has ramped up in recent months amid heightened tensions in the region since the group first emerged a year ago.
Read in AllAfrica: https://apple.news/
Uganda: Street Children Rounded up in Kampala
"They took us at night, so we didn't know where we were being taken," 11-year-old Jonathan (not his real name) told me. He was one of over 600 children and young adults that police indiscriminately rounded up around Kampala on July 23 and 24 as part of a city-wide exercise by local authorities and the Ministry of Gender, Labour and Social Development to remove homeless children from the streets and resettle them. The roundups are ostensibly meant to help the children but authorities carried them
Read in AllAfrica: https://apple.news/
Tanzania: President Magufuli Pushes for Intra-African Trade
Dar es Salaam Trade among African nations is low because of unnecessary barriers and failure to make effective use of core competencies, President John Magufuli said yesterday. Despite the continent's huge potential and natural resource endowment, available data shows that intra-African trade stands at only about 20 per cent of the continent's total trade with the rest of the world. This compares poorly with Europe, North America and the Association of Southeast Asian Nations, where intra trade
Read in AllAfrica: https://apple.news/
China's Central Bank Saves The Day, Beats Back The Yuan Haters
Yuan short-sellers live their "no soup for you!" moment on Tuesday as PBOC lends support to forex.
Read in Forbes: https://apple.news/
China allows more banks to trade bonds via stock exchanges
China is allowing more banks totrade bonds via the country's two stock exchanges, itssecurities regulator said on Tuesday.
Read in Reuters: https://apple.news/
China's central bank denies it's devaluing country's currency to counter tariffs
China has allowed its yuan to break through 7 against the dollar for the first time in 11 years, but it insists the move is not "competitive devaluation."
Read in CNBC: https://apple.news/AzG_
China moves to keep currency stable as global markets and U.S. relations plunge
A day after market rout, Chinese authorities said they would sell yuan-denominated debt in Hong Kong, a move seen as propping up the currency.
Read in The Washington Post: https://apple.news/
China steps in to limit its currency’s plunge after being labeled manipulator
China took steps to limit weakness in the yuan, providing some stability to global financial markets in the wake of Monday’s rout, and said it won’t depreciate the currency to be competitive.
Read in Bloomberg: https://apple.news/
“We will make them pay”: North Korea launches missiles, condemns U.S.-South Korea drills
North Korea fired missiles into the sea off its east coast for the fourth time in less than two weeks, South Korea said on Tuesday, as Pyongyang warned that hostile moves against it "have reached the danger line."
Read in Reuters: https://apple.news/
North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs
North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report.
Read in CoinDesk: https://apple.news/
Boris Johnson news – live: No-deal Brexit looms as Gove claims EU is ‘refusing to negotiate’ with UK and Brussels rejects No 10’s tactics
EU officials reportedly believe Boris Johnson and his team have “no intention” of negotiating and are intent on delivering a no-deal Brexit. Cabinet minister Michael Gove responded by saying the EU “now seem to be refusing to negotiate with UK”.
Read in The Independent: https://apple.news/
British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
Read in CoinDesk: https://apple.news/
GLOBAL/NEWS/INFO
Today in History
Today in History
Read in ABC News: https://apple.news/
10 Things to Know for Today
Among 10 Things to Know: Dayton mayor is questioning whether the president's visit to the Ohio city will help; El Paso opens grief center to help people cope with mass shooting; North Korean missile launch meant as warning to U.S. and South Korea
Read in ABC News: https://apple.news/
A heightened US-China financial war imperils global economy
A heightened US-China financial war imperils the global economy
Read in ABC News: https://apple.news/
OIL/COMMODITIES/ENERGY
Gold: Daily, Weekly And Monthly Potential Short Trigger Levels Identified
A close in gold below $1476 will activate a short trigger on a monthly signal, automatically activating the targets below.The next targets below are $1465 to $1471.A close below $1450 will activate the yearly, monthly and daily short signals, activating short trigger points with targets below the mean at the $1400 to $1363 levels.
Read in Seeking Alpha: https://apple.news/A_
Gold Prices Firm Near Six-Year Highs as PBoC Yuan Fixing Stabilizes Markets
Commodities Aug 06, 2019 13:17 GMT Investing.com - Gold prices held near six-year highs Tuesday as words and action from People’s Bank of China reassured markets that it wouldn't let the yuan fall sharply. Spot gold gained $1.72, or 0.1%, to $1,465.61 by 9:12 AM ET (13:12 GMT), pulling back from the intraday high of $1,474.99, its most expensive level since May 2013. On the back of the U.S. labeling China a "currency manipulator" after the central bank allowed the yuan to fall below 7 to the
Read in Investing.com: https://apple.news/
Gold Prices Flat After Hitting 6-Year Highs on Escalating U.S.-China Trade War
Commodities Aug 06, 2019 04:56 GMT Investing.com - Gold prices were little changed on Tuesday in Asia after hitting new six-year highs in the previously session amid escalating Sino-U.S. trade tensions. Gold futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were little changed at $1,475.90 by 12:54 AM ET (04:54 GMT). Tensions between China and the U.S. began to rise again last week after U.S. President Donald Trump imposed new tariffs on Chinese
Gold Prices Gain on Trade Concerns
Commodities Aug 07, 2019 04:54 GMT
Read in Investing.com: https://apple.news/ACDt_
Oil Prices Slip on Demand Worries
Commodities Aug 07, 2019 05:04 GMT Investing.com - Oil prices slipped on Wednesday in Asia as ongoing Sino-U.S. trade war sparked concerns over demand. U.S. Crude Oil WTI Futures slipped 0.1% to $53.59 by 1:16 AM ET (05:16 GMT). International Brent also slipped 0.1% to $58.86. The U.S. labelled China as a “currency manipulator” earlier this week. While reports suggested that the labelling is merely symbolic, some analysts said the move could lead to a scaling up of the trade war and harsher
Read in Investing.com: https://apple.news/
Oil Prices Rise Despite Concerns Surrounding U.S.-China Trade Dispute
Commodities Aug 06, 2019 05:16 GMT Investing.com - Oil prices gained on Tuesday in Asia despite concerns that escalating Sino-U.S. trade war could negatively impact demand for crude. U.S. Crude Oil WTI Futures gained 1.1% to $55.21 by 1:14 AM ET (05:14 GMT). International Brent Oil Futures rose 1% to $60.41. The fact that the People’s Bank of China set the yuan fixing stronger than expected on Tueday was cited as a tailwind for oil prices today and provided some relief to investors, although
Read in Investing.com: https://apple.news/AmM_
BANKS/BANKING/CREDIT
HSBC Adds To The Gloom On Wall Street By Cutting 4,000 Jobs
A toxic combination of less companies hiring, nearshoring and offshoring jobs, complaints of rampant ageism in the hiring process and the desire of banks to install technology to replace people make it a challenging time for job seekers.
Read in Forbes: https://apple.news/
Ousting of HSBC CEO John Flint shows ‘increased ruthlessness’ of bank’s board, S&P says
The abrupt departure of HSBC chief executive John Flint shows the “increased ruthlessness” of HSBC’s directors and their unwillingness to tolerate middling performance by the bank, S&P Global Ratings said on Tuesday. On Monday, HSBC said that Flint, a…
Read in South China Morning Post: https://apple.news/AgThSUXmTR-
HSBC Replaces Its Captain As Stormy Waters Near
All change on the top deck of HSBC as the twin risks of Brexit and the U.S. trade war with China intensify.
Read in Forbes: https://apple.news/
One third of mortgage borrowers are missing out on an opportunity to save $2,000
Consumer advocates have an important recommendation for first-time buyers.
Read in MarketWatch: https://apple.news/
Internet stocks aren’t immune to global equity selloff
Shares of industry stalwarts Facebook, Alphabet’s Google, Snap, Pinterest and others tumbled after China allowed its yuan currency to fall to a more-than-10-year low versus the dollar in an escalating trade war with the U.S.
Read in MarketWatch: https://apple.news/
Axios Markets: Trade war depression fears — Services sink — Central bank digital currencies
Was this email forwarded to you? Sign up here. (Smart Brevity word count: 1,106 words / 4 minutes.) Situational awareness:
Read in Axios: https://apple.news/
Was this email forwarded to you? Sign up here. (Smart Brevity word count: 1,106 words / 4 minutes.) Situational awareness:
Read in Axios: https://apple.news/
UBS Has a New Plan for Wealthy Clients, Will Charge for Euro Accounts Above 500,000
The Swiss bank has now decided to lower its threshold for fees from its wealthy clients from 500,000 euros onwards. Euro banks under pressure UBS Group AG is facing tough times due to lower profits and negative interest rates. The problems have led the bank to focus on its wealthy clients and lower the threshold […] The post UBS Has a New Plan for Wealthy Clients, Will Charge for Euro Accounts Above 500,000 appeared first on LearnBonds.com.
Read in Learn Bonds Financial News: https://apple.news/
UBS slashes threshold for fee on euro deposits at Swiss bank
UBS Group will halve to500,000 euros ($559,900) its threshold for charging a 0.6%deposit fee on euro accounts at its Swiss banking unit,Switzerland's largest lender said on Tuesday.
Read in Reuters: https://apple.news/
'Three day wait' for checks to clear could speed up
The standard 'three day wait' for a check to clear could become a thing of the past. Eventually.
Read in NBC News: https://apple.news/AYaLwBt_6R-
TREASURIES/BONDS/STOCKS
Jolted markets mark new 2019 milestonesGlobal financial markets have been jolted in recent days by yet another escalation in a trade war between the United States and China, with the resulting selloff and bid for safety pushing assets and markers into new territory for the year.
Read in Reuters: https://apple.news/
The Dow Is Rising Because China Sent a Positive Signal About the YuanAll three major U.S. stock indexes were poised for gains following Monday’s rout.
Read in Barron's: https://apple.news/
Securing a Wall Street job now is harder than ever: insidersThe US labor market may be booming — but it’s been a bloodbath on Wall Street. A recent wave of layoffs from some of the biggest banks is making it harder than ever to get a job on Wall Street, recruiters and other insiders say. On Monday, banking giant HSBC announced more than 4,750 layoffs as the company looks to rein in costs — a culling that brings the total number of bankers out of work this year to more than 23,000 globally. HSBC’s announcement comes on the heels of more than 18,000 cuts
Read in New York Post: https://apple.news/
Corporate-Bond Resilience Is the Silver Lining to Trade TroublesIf the trade disruption leads to lower interest rates and easier monetary policy world-wide, as expected, it should only speed global investors’ march into U.S. corporate debt.
Read in Barron's: https://apple.news/
GLOBAL MARKETS-Trade worries sink stocks as yuan slides to a decade low* China's yuan drops below 7 per dollar
Read in Reuters: https://apple.news/
Jolted markets mark new 2019 milestones
Global financial markets have been jolted in recent days by yet another escalation in a trade war between the United States and China, with the resulting selloff and bid for safety pushing assets and markers into new territory for the year.
Read in Reuters: https://apple.news/
Markets brace for volatility surge as currencies enter trade war
China's decision to let its yuan plunge through a previously sacrosanct level means a tit-for-tat trade conflict could morph into a currency war, injecting volatility into long-dormant foreign exchanges and piling pressure on world markets.
Read in Reuters: https://apple.news/A58FunE_
Brace for a 2nd wave in stock-market volatility — and this one could be ‘Lehman-like’, says Nomura
A rally in stocks on Tuesday may take shape after an ugly Monday selloff but any rebound ought to be treated with skepticism and as preparation for the next wave of selling, warns one quantitative analyst at Nomura.
Read in MarketWatch: https://apple.news/
Top 5 Things to Know in the Market on Wednesday
Economy Aug 07, 2019 09:51 GMT Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 7: 1. China sets yuan midpoint below 7 per dollar With lingering doubts over the next move in the U.S.-China trade standoff, the People’s Bank of China set the official midpoint reference for the yuan at 6.9996 on Wednesday. The level is stronger than the 7 per dollar psychological handle that led U.S. President Donald Trump to accuse the world’s second largest
Read in Investing.com: https://apple.news/
CRYPTO'S / DIGITAL CURRENCY
Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A
Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round.
Read in CoinDesk: https://apple.news/
Japanese Crypto Exchange Bitpoint Restarting Trade Services
The exchange lost 3 billion yuan during a hack on July 11.
Read in CoinDesk: https://apple.news/
Bitcoin Price Rises Above $12K to Hit One-Month High
Bitcoin's move above $12,000 is backed by an uptick in trading volumes and bullish readings on the daily chart.
Read in CoinDesk: https://apple.news/
Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A
Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round.
Read in CoinDesk: https://apple.news/
British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
Read in CoinDesk: https://apple.news/
Bitcoin Flirts With $12,000 As Yuan Struggles
Will the trade wars continue to escalate? Will bitcoin benefit from any such conflict?
Read in Forbes: https://apple.news/AmRBfZ_
CURRENCIES
US Dollar Drops Amid Growing Trade Worries
The US dollar declined as trade concerns persisted around global foreign exchange market, driving up safe-haven currencies including the Japanese yen and the Swiss franc.
Read in BTVI: https://apple.news/
Dollar Recovering While Yen Softens as Currency War Fear Recedes Mildly | Action Forex
Market sentiments stabilized with recoveries seen in European stock markets, while US futures also point to a solid rebound. The China’s Yuan also pares back some of yesterday’s steep losses on rumors that a PBoC official reassured foreign companies that the currency won’t continue to weaken significantly. Though, the bond markets shrug off the stabilization […] The post Dollar Recovering While Yen Softens as Currency War Fear Recedes Mildly appeared first on Action Forex.
Read in Action Forex: https://apple.news/A_
Forex - Yen Gains versus Dollar, Yuan Slips as Trade Woes Linger
Forex Aug 07, 2019 08:05 GMT Investing.com - The safe haven yen gained ground against the U.S. dollar on Wednesday and the yuan slid as ongoing concerns over the escalating U.S.-China trade war kept investors on tenterhooks. The yuan eased against the dollar in offshore trade on Wednesday after the People's Bank of China set its official midpoint not much firmer than its previous close. China's currency also opened weaker against the dollar in onshore trade. The long running trade conflict
Read in Investing.com: https://apple.news/
Pound euro exchange rate: GBP/EUR edges away from fresh two-year low
The pound euro exchange rate struck a fresh two-year low yesterday as the euro was bolstered by US dollar weakness. However, GBP/EUR has recovered 0.6 percent today to trade in the region of €1.087. The euro shed some of yesterday’s impressive gains this morning despite German factory orders data coming in slightly stronger than forecast. Factory orders were up 2.5 percent in June rather than the 0.5 percent expected. However, on the year factory orders still declined -3.6 percent. The report
Read in Express: https://apple.news/ARpwxqEi_
Brazil: Higher Valuations Don't Compensate For Currency Risk
A year ago, Brazil was an excellent investment opportunity, as it had low valuations and overwhelmingly negative investor sentiment.Today, valuations and sentiment are higher, while trade war-led currency risks continue to expand.Bolsonaro's many promises have pushed equities up further than the new president can push the economy.Extreme government deficits and public debt growth pose a major long-term risk.
Read in Seeking Alpha: https://apple.news/
China’s central bank to sell US$4.3 billion worth of yuan-denominated securities, slowing currency devaluation
China’s central bank will sell 30 billion yuan (US$4.3 billion) worth of short-term yuan-denominated securities in Hong Kong next week, signalling its plan to absorb offshore liquidity and cushion against further depreciation of its currency versus the US…
Read in South China Morning Post: https://apple.news/
Forex - Yuan Slips; U.S. Labels China as Currency Manipulator
Forex Aug 06, 2019 03:02 GMT Investing.com - The yuan slipped on Tuesday in Asia as China sets the daily currency fixing at a stronger-than-expected level. The USD/CNY pair was up 0.1% to 7.0501 by 11:36 PM ET(03:36 GMT). In a statement, Treasury Secretary Steven Mnuchin said overnight that the U.S. government has declared China a currency manipulator. The announcement came after China allowed the yuan to fall past the key 7-per-dollar level for the first time in more than 10 years. The
HEALTH / SCIENCE
14 People Have Been Hospitalized From Vaping—Here’s Why E-Cigarettes Are So Dangerous
Some cases are so severe, the patients are unable to breathe on their own.
Read in Health: https://apple.news/
West Nile virus confirmed in Los Angeles county for first time in 2019, health officials say
Two residents in Los Angeles County in California have been infected with the mosquito-borne West Nile virus, marking the county's first confirmed cases of the 2019 season, local health officials said Monday.
Read in Fox News: https://apple.news/
Trying to Lose Weight? A Sleep Expert Says Making This 1 Simple Change Could Be the Key
If you're having trouble losing weight, it may not be your kitchen you need to think about — it might be your bedroom. We asked neurologist Sujay Kansagra, MD, to explain how sleep affects weight and what you can do under the covers to help shed pounds. According to Dr. Kansagra, Mattress Firm's s ...
Read in POPSUGAR: https://apple.news/
14 People Have Been Hospitalized From Vaping—Here’s Why E-Cigarettes Are So Dangerous
Some cases are so severe, the patients are unable to breathe on their own.
Read in Health: https://apple.news/
West Nile virus confirmed in Los Angeles county for first time in 2019, health officials say
Two residents in Los Angeles County in California have been infected with the mosquito-borne West Nile virus, marking the county's first confirmed cases of the 2019 season, local health officials said Monday.
Read in Fox News: https://apple.news/
Trying to Lose Weight? A Sleep Expert Says Making This 1 Simple Change Could Be the Key
If you're having trouble losing weight, it may not be your kitchen you need to think about — it might be your bedroom. We asked neurologist Sujay Kansagra, MD, to explain how sleep affects weight and what you can do under the covers to help shed pounds. According to Dr. Kansagra, Mattress Firm's s ...
Read in POPSUGAR: https://apple.news/
USA / CANADA
U.S. watching North Korea missile launches very carefully -Trump adviser Bolton
U.S. President Donald Trumphas an understanding with North Korean leader Kim Jong Un thatPyongyang will not launch intercontinental-range ballisticmissiles, and the United States is watching North Korean missiletests very carefully, Trump's national security adviser JohnBolton told Fox News Channel on Tuesday.
Read in Reuters: https://apple.news/A3qyx1S_
You don't have to be an economist to understand the Federal Reserve
The Federal Reserve may be a remote entity but it directly affects people's financial lives.
Read in CNBC: https://apple.news/
The Fed is getting into the real-time payments business
The Federal Reserve wants to make paying bills and transferring money easier and faster.
Read in CNN Business: https://apple.news/ApT9-
Trump: China, other nations pouring money into US
The president's tweet comes as the ongoing trade war with China escalates.
Read in Fox Business: https://apple.news/APAw_
The U.S.-China trade war could get much worse
Stocks continued their sell-off overnight as fears of further escalation in the U.S.-China trade war were realized after markets closed on Monday.
Read in Axios: https://apple.news/
US-China trade war: Trump pledges to support American farmers
"Our great American Farmers know that China will not be able to hurt them," he said.
Read in Fox News: https://apple.news/
Trump shrugs off trade war concerns while China warns of market chaos
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington's decision to label it a currency manipulator would lead to chaos in financial markets.
Read in Reuters: https://apple.news/
EMERGING MARKETS
UPDATE 2-Brazil central bank sees little second-quarter growth, flags global risks
(New throughout, adds comments from central bank head CamposNeto)
Read in Reuters: https://apple.news/
Emerging debt, stocks suffer biggest daily outflows of 2019 on Friday: IIF
LONDON (Reuters) – Emerging market debt and equities suffered their biggest outflows of 2019 on Friday with hefty losses continuing on Monday amid a sharp escalation of Sino-U.S. trade tensions, data from the Institute of International Finance showed (IIF). Analysing high frequency data from local stock exchanges and debt offices, the IIF, found that $2.33...
Read in CreaWorldNews: https://apple.news/
Markets brace for volatility surge as currencies enter trade war
China's decision to let its yuan plunge through a previously sacrosanct level means a tit-for-tat trade conflict could morph into a currency war, injecting volatility into long-dormant foreign exchanges and piling pressure on world markets.
Read in Reuters: https://apple.news/A58FunE_
GLOBAL MARKETS-Rout relents as China keeps yuan on leash
(Recasts with European market moves)
Read in Reuters: https://apple.news/
Washington hits Venezuela with full economic embargo
Donald Trump hit Venezuela with an economic embargo, putting it on par with the likes of Cuba, Syria, Iran and North Korea.
Read in Miami Herald: https://apple.news/
MIDDLE EAST
Oil built Saudi Arabia – will a lack of water destroy it?
As Riyadh continues to build skyscrapers at a dizzying rate, an invisible emergency threatens the desert kingdom’s existence Bottles of water twirl on the conveyor belts of the Berain water factory in Riyadh, as a puddle of water collects on the concrete floor. In a second warehouse, tanks emit a low hum as water brought in from precious underground aquifers passes through a six-stage purification process before bottling. “In Saudi Arabia there are only two sources of water: the sea and deep
Read in the guardian: https://apple.news/
Russia, Iran to Train Together 'This Year' As They Fight Back Against U.S.
August 05, 2019 Trump Says U.S. Shot Down Iranian Drone In The Strait Of Hormuz The head of Iran's navy has said his forces planned to train alongside their Russian counterparts by the end of the year as both nations stepped up their rhetoric against U.S. policies targeting them. Iranian naval commander Rear Admiral Hossein Khanzadi confirmed Sunday that Iran and Russia had signed their first-ever memorandum of understanding regarding inter-military affairs last week during his visit to Moscow.
Read in Newsweek: https://apple.news/
How Trump's trade war could help Iran and crash oil prices
The deepening trade war between the United States and China could deal a double shock to the fragile oil market.
Read in CNN Business: https://apple.news/
This new Dubai pop-up is stocking some of our favourite Arab accessory brands – Emirates Woman
As well as emerging international brands. We love the transformative power of accessories, and this new Dubai pop-up is bound to become our new favourite haunt. Facilité, the multi-dimensional space in Dubai Design District, has just introduced ‘The Accessory Edit’. The retail concept brings together some of the leading independent names from the region and the rest of the world. Some of the brands are coming to Dubai for the first time. From today you can browse the selection of exclusive and
Read in Emirates Woman: https://apple.news/
Israeli police 'plant gun' in Palestinian house for 'racist' TV show
Israeli police 'plant gun' in Palestinian house for 'racist' TV show
Read in The New Arab: https://apple.news/
Netanyahu ally rewards Saudi Grand Mufti with invitation to Israel after slamming Hamas
Netanyahu ally rewards Saudi Grand Mufti with invitation to Israel after slamming Hamas
Read in The New Arab: https://apple.news/
AFRICA
Zimbabwe: Govt Sets Aside U.S.$1,1 Billion Safety Net
Government has set aside $1,1 billion as it underscores its determination to ensure the most vulnerable citizens are cushioned from the obtaining economic challenges. At least $15 million has been earmarked to support the mass urban transportation programme every month while millions more are channelled towards education, health and food. This was said by Finance and Economic Development Minister Professor Mthuli Ncube in Harare yesterday. He said Government is now working on extending the
Read in AllAfrica: https://apple.news/
Zimbabwe: Mthuli Defends Annual Inflation Bar
(Photo: New Zimbabwe) Finance and Economic Development Minister Mthuli Ncube has defended his decision to blackout publication of year-on-year inflation statistics for the next six months, saying continuing to do so does not make sense theoretically and statistically, but retaining month on month figures. Last week, in his 2019 Mid-Term Budget Review Statement, Minister Ncube said deferring publication of inflation figures "will ensure that we compare like with like in terms of currency regimes.
Read in AllAfrica: https://apple.news/
Zimbabwe secures more electricity imports to ease outages
Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts, after it agreed to make payments to clear its debt to a regional power utility, a treasury official said on Monday.
Read in Reuters: https://apple.news/
Kenya and Jamaica Pledge to Deepen Trade Ties
(Photo: The Presidency/Daily Nation) Kenya and Jamaica have pledged to deepen bilateral and people-to-people ties for the benefit of the two countries. The commitment came as President Uhuru Kenyatta, who is in Jamaica for a historic state visit, held bilateral talks with his host Jamaican Prime Minister Andrew Holness on Monday afternoon. The two leaders witnessed the signing of four agreements among them MoUs on technical cooperation in tourism and in the fields of sports, culture and heritage
Read in AllAfrica: https://apple.news/
Africa: A Newly Discovered Hacking Group Is Targeting Energy and Telecoms Companies
There's a new hacking group on the radar targeting telecommunications and oil and gas companies across Africa and the Middle East. Industrial security company Dragos, which discovered the group, calls it "Hexane," but remains largely tight-lipped on its activities. The security company said Thursday, however, that the group's activity has ramped up in recent months amid heightened tensions in the region since the group first emerged a year ago.
Read in AllAfrica: https://apple.news/
Uganda: Street Children Rounded up in Kampala
"They took us at night, so we didn't know where we were being taken," 11-year-old Jonathan (not his real name) told me. He was one of over 600 children and young adults that police indiscriminately rounded up around Kampala on July 23 and 24 as part of a city-wide exercise by local authorities and the Ministry of Gender, Labour and Social Development to remove homeless children from the streets and resettle them. The roundups are ostensibly meant to help the children but authorities carried them
Read in AllAfrica: https://apple.news/
Tanzania: President Magufuli Pushes for Intra-African Trade
Dar es Salaam Trade among African nations is low because of unnecessary barriers and failure to make effective use of core competencies, President John Magufuli said yesterday. Despite the continent's huge potential and natural resource endowment, available data shows that intra-African trade stands at only about 20 per cent of the continent's total trade with the rest of the world. This compares poorly with Europe, North America and the Association of Southeast Asian Nations, where intra trade
Read in AllAfrica: https://apple.news/
ASIA
China's Central Bank Saves The Day, Beats Back The Yuan Haters
Yuan short-sellers live their "no soup for you!" moment on Tuesday as PBOC lends support to forex.
Read in Forbes: https://apple.news/
China allows more banks to trade bonds via stock exchanges
China is allowing more banks totrade bonds via the country's two stock exchanges, itssecurities regulator said on Tuesday.
Read in Reuters: https://apple.news/
China's central bank denies it's devaluing country's currency to counter tariffs
China has allowed its yuan to break through 7 against the dollar for the first time in 11 years, but it insists the move is not "competitive devaluation."
Read in CNBC: https://apple.news/AzG_
China moves to keep currency stable as global markets and U.S. relations plunge
A day after market rout, Chinese authorities said they would sell yuan-denominated debt in Hong Kong, a move seen as propping up the currency.
Read in The Washington Post: https://apple.news/
China steps in to limit its currency’s plunge after being labeled manipulator
China took steps to limit weakness in the yuan, providing some stability to global financial markets in the wake of Monday’s rout, and said it won’t depreciate the currency to be competitive.
Read in Bloomberg: https://apple.news/
“We will make them pay”: North Korea launches missiles, condemns U.S.-South Korea drills
North Korea fired missiles into the sea off its east coast for the fourth time in less than two weeks, South Korea said on Tuesday, as Pyongyang warned that hostile moves against it "have reached the danger line."
Read in Reuters: https://apple.news/
North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs
North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report.
Read in CoinDesk: https://apple.news/
EUROPE
Boris Johnson news – live: No-deal Brexit looms as Gove claims EU is ‘refusing to negotiate’ with UK and Brussels rejects No 10’s tactics
EU officials reportedly believe Boris Johnson and his team have “no intention” of negotiating and are intent on delivering a no-deal Brexit. Cabinet minister Michael Gove responded by saying the EU “now seem to be refusing to negotiate with UK”.
Read in The Independent: https://apple.news/
British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
The U.K. tax authority is pressuring crypto exchanges to reveal customers' names and transaction histories in a bid to claw back unpaid taxes, sources said.
Read in CoinDesk: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Thursday 8/8/19 did update on the indicative rates Sell Rate 1190
The currency auction is 155,170,500
There are no news and announcements.
The launch of the Idea covered by social protection
Release Date:: 2019/8/8 10:59 • 100 times read
The Ministry of Labor and Social Affairs announced the launch of Eid al-Adha for beneficiaries of the social protection subsidy in Baghdad and the provinces.
The Council of Ministers, decided in its regular session last Tuesday, to give a gift of 100,000 dinars for beneficiaries of the social protection subsidy on the occasion of Eid al-Adha.
The decision of the Council of Ministers came at the request of the Ministry of Labor and Chairman of the Social Protection Authority
The decision of the Council of Ministers came at the request of the Ministry of Labor and Chairman of the Social Protection Authority
Value Traded
452,543,339
Shares Traded
518,351,254
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-8-2019 Newshound Guru future ...Iraq has said the notes would CO exist...iraq has no hyper inflation...they have kept inflation at bay for years...so...Iraq and Iran arent the same...there are different types of scenarios with redenominations that pertain to certain countries issues...will Iraq gain more purchasing power? of course when they revalue substantially.
8-7-2019 Newshound/Intel Guru Mnt Goat [I read that an interm CBI head has been appointed but not fully confirmed...] new CBI director is confirmed and ratified last Thursday by parliament. Effective Sept 1st when Alaq leaves. They are transitioning now until then.
8-7-2019 Newshound/Intel Guru Dinar Investor - Jeff So what are we looking for and what are we seeking and how do we know we are on tract and how do we know we are getting closer to seeing this? ...they have been setting the stage...the whole first half of the year talking about trade agreements, reconstruction, having all these meetings with Kurdistan... Here's what we are looking for...we are looking for that movement to slow down. As we are approaching the end of August and into September we want to see news articles to stop talking about all this stuff. We don't want to see articles on reconstruction ...corruption, on meetings with the Kurds... [post 1 of 2....stay tuned]
8-7-2019 Intel Guru MarkZ [via PDK] News is streaming in...especially from Asia... They believe we have a “go” today. In Reno - they expect things to break loose after 3-4 today. Some military contacts don’t expect things to start until the weekend or first of next week...so a bit of conflicting info. Finally spoke with my friends in Iraq and as of yesterday there is no rate change over there yet. Iraq has been very up-front with the coming revaluation of their currency... Its been astounding.
8-7-2019 Newshound/Intel Guru Mnt Goat ...We need to see the smaller category notes issued. They know that once they issue these notes in bulk to the public there is NO TURNING BACK! ...wait for this to be our sign that they are VERY SERIOUS this time. This could all happen in a matter of a days or a week and so suddenly...
8-7-2019 Intel Guru MarkZ [via PDK] News is streaming in...especially from Asia... They believe we have a “go” today. In Reno - they expect things to break loose after 3-4 today. Some military contacts don’t expect things to start until the weekend or first of next week...so a bit of conflicting info. Finally spoke with my friends in Iraq and as of yesterday there is no rate change over there yet. Iraq has been very up-front with the coming revaluation of their currency... Its been astounding.
8-7-2019 Newshound/Intel Guru Mnt Goat ...We need to see the smaller category notes issued. They know that once they issue these notes in bulk to the public there is NO TURNING BACK! ...wait for this to be our sign that they are VERY SERIOUS this time. This could all happen in a matter of a days or a week and so suddenly...
8-7-2019 Newshound Guru Kaperoni ...Iraq is planning...a market economy, stock market and private sector...investment will fuel the growth of Iraq and allow Iraq to prosper. What can happen is Iraq will transition to a market economy, create a private sector and achieve billions in foreign investment. If it happens, that will drive the currency (dinar) value up gradually.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
*************
ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
*************
ARTICLE 3
Al-Yasiri: Directed to accelerate the distribution of the unified card after the grant of 12 million of them
2019/8/7 22:39
[Baghdad-Where]
Interior Minister Yassin Taher al-Yasiri on Wednesday directed to redouble efforts and expedite the issuance of a unified card to all citizens.
A statement from his office received by the All-Iraq News Agency [where] a copy of it, that Yasiri "chaired the expanded meeting held at the headquarters of the ministry in the presence of the Chancellor, Director General of Civil Status, Passports and Public Residence Major General and a number of officers and directors of departments."
"The priority of the Ministry of Interior is to reduce the administrative routine, alleviate the suffering of citizens and expedite the completion of their transactions," the interior minister said, calling for quick and real steps to complete the issuance of the unified card for all citizens across the country.
He pointed out that "the citizen today must be treated with the utmost respect and appreciation our duty to serve our people in the best way," stressing "the need to expand the windows of electronic work through the Internet and the completion of the draft visa and electronic passports quickly."
Al-Yasiri instructed "to meet all the needs, requirements and logistics and to contribute to improving the level of service provided to the Iraqi citizen inside and outside the country, calling for exerting maximum efforts and reflecting the true image of the interior men in front of their people."
For his part, the Director General of Nationality announced the issuance of 12 million and 615 thousand and 172 unified cards until today, indicating that "the coming days will witness the opening of a number of departments in various provinces."
*************
ARTICLE 4
Fisherman calls for putting the image of Saddam Hussein in the House of Representatives and ministers
2019/8/7 23:28
State lawmaker Kazem Sayadi called on Wednesday to put the image of former President Saddam Hussein "handcuffed" in the halls of the House of Representatives and the ministers.
"We must put a picture of former president Saddam Hussein, handcuffed in the chambers of the House of Representatives and Ministers, in order to serve as an example to officials that power, injustice and theft do not last," Sayyadi wrote in a Facebook post.
"This picture should be placed as a wall," he said.
"This picture should be placed as a wall," he said.
*************
ARTICLE 5
Security expert reveals the identity of Khalifa Baghdadi
Release date:: 2019/8/7 23:57
BAGHDAD: A security expert has revealed the identity of the terrorist, Abdullah Qardash, the successor to the leader of ISIS terrorist gangs called Abu Bakr al-Baghdadi.
"Khalifa al-Baghdadi, who was just in custody, was held in Bucca prison in Basra province," said Fadhil Abu Ragheef, tweeting on his Twitter page. "He was a legitimate al-Qaeda general and a graduate of the Grand Imam College in Mosul."
He added that "Qardash" was close to the leader Abu Alaa al-Afri, and his father was a verbal and rational orator, pointing out that "Qardash was characterized by cruelty, authoritarianism and militancy, and was the first recipients of Baghdadi during the fall of Mosul."
"The terrorist (Abdullah Qardash) is a cruel terrorist," he said.
The news agency "Amaq" affiliated with the Islamic State terrorist announced on Wednesday in an urgent news that Baghdadi nominated Turkmani origin (Abdullah Qardash) from Tal Afar to take care of "the conditions of Muslims."
No comments:
Post a Comment