WOTS Tuesday 8/20/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1166.5000 | 1166.5000 | 1166.5000 | | 00:00 |
| USD/VND | | | 23207.0000 | 23204.4300 | 23207.0000 | | 15:00 |
| USD/CNY | | | 7.0637 | 7.0493 | 7.0498 | | 04:54 |
| USD/KWD | | | 0.3036 | 0.3032 | 0.3034 | | 04:30 |
| GBP/USD | | | 1.2137 | 1.2083 | 1.2124 | | 04:55 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 00:00 |
| USD/IDR | | | 14278.0000 | 14058.0000 | 14256.0000 | | 04:55 |
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DC NY Iraq Articles:dd
Abadi: Abdul Mahdi's government is committed to US sanctions
Political 12:16 - 20/08/2019
Baghdad - Mawazine News
Former Prime Minister Haider al-Abadi said on Tuesday that Adel Abdul Mahdi's government is committed to US sanctions and is following the same commitment announced by his previous government.
Abadi said in an interview with Al-Monitor, “I was not a mediator in this sense. "You cannot mediate unless there is a willingness on the part of both sides to negotiate. It is difficult to convey and tolerate messages. Their differences are not part of them, as are their agreements." This came in response to whether it facilitated any direct cooperation between the United States and Iran? Are they cooperating today in Iraq?
Responding to a question about his opinion on the position of the Iraqi government towards the US sanctions on Iran? Is Abdul-Mahdi committed to it, saying: "Abdul-Mahdi is committed to US sanctions and follow the same commitment announced by my government, and deal with Iran and according to it, and Iraq did not violate these sanctions."
The KRG is counting on this delegation to resolve its problems with Baghdad
Former Prime Minister Haider al-Abadi said on Tuesday that Adel Abdul Mahdi's government is committed to US sanctions and is following the same commitment announced by his previous government.
Abadi said in an interview with Al-Monitor, “I was not a mediator in this sense. "You cannot mediate unless there is a willingness on the part of both sides to negotiate. It is difficult to convey and tolerate messages. Their differences are not part of them, as are their agreements." This came in response to whether it facilitated any direct cooperation between the United States and Iran? Are they cooperating today in Iraq?
Responding to a question about his opinion on the position of the Iraqi government towards the US sanctions on Iran? Is Abdul-Mahdi committed to it, saying: "Abdul-Mahdi is committed to US sanctions and follow the same commitment announced by my government, and deal with Iran and according to it, and Iraq did not violate these sanctions."
The KRG is counting on this delegation to resolve its problems with Baghdad
Tuesday, August 20, 2019 11:32 AM
The Kurdistan Regional Government (KRG) said on Tuesday that the region's delegation, which will visit Baghdad, will be a top priority on the issue of the oil agreement, which lasted about 16 years.
The spokesman for the regional government, Gottiar Adel in a press statement, that "the delegation of the region, which will visit Baghdad will be a top priority issue of the oil agreement."
He added, "Baghdad cuts the proportion of 250 thousand barrels of the budget allocated to the Kurdistan region is sent only the amount of 452 billion dinars per month."
And Adel, that "the Kurdistan Regional Government has a full intention to solve the problems with Baghdad, including the delivery of 250 thousand barrels and resolve all financial assets permanently end the crisis of this file, which has been going on for 16 years."
A Kurdish source told Mawazine News earlier that a high-level delegation including Peshmerga Minister Shoresh Ismail as well as Peshmerga officers and leaders will visit Baghdad in the next two days.
The source added that the visit comes for the purpose of meeting with the Ministry of Defense to discuss the file of salaries allocated to the Peshmerga, amounting to 68 billion dinars per month, after adding the salaries of the Peshmerga within the formations of the Ministry of Defense.
He stressed that the second file to be discussed is the reconfiguration of the joint operations room between the army and the Peshmerga to fill the security gaps in the areas of contact between the two forces in the disputed areas after increasing violations by ISIS.
The MP of the Patriotic Union of Kurdistan, Bakhtiar Shaways, earlier, the two most important files to be carried by the delegation of the Kurdistan Regional Government of Iraq to Baghdad, which will visit in the coming days.
Shaways said, "The delegation of the Kurdistan Regional Government, which will visit the capital Baghdad, in the coming days, will discuss two basic files, namely, the oil differences between Baghdad and Erbil, and the draft budget 2020."
He added, "Work is continuing to calm and agreement and find an appropriate solution to these two files and other files, because the two parties agreed earlier to settle the differences rather than deepen."
He continued: "In the coming days before us a round of negotiations and the Kurdish delegation will visit Baghdad in order to reach a solution to the differences, and I think that the views between the parties are close."
German Defense Minister: We continue to support Iraq within the framework of the international coalition
Political 11:24 - 20/08/2019
Baghdad - Mawazine News
BERLIN (Reuters) - Germany will support the Iraqi army as part of an international coalition, Defense Minister Ingbert Krump Karnbaur said on Tuesday.
"We discussed with the Iraqi Ministry of Defense the support of Iraq and the training of military forces," Karnbauer said at a joint news conference with Iraqi Defense Minister Najah al-Shammari.
She added: "We will fight with Iraq ISIS within the framework of the international coalition," noting: "It is true that military operations are over, but ISIS still exists and we are keen to help Iraq in defeating terrorism."
She pointed out that "Germany has been and is still with the international coalition and we will support the Iraqi army with full force," noting that "there is full support and cooperation and logistical cooperation and intelligence in terms of intelligence to defeat terrorism."
German Defense Minister Ingbert Krump Karnbauer arrived in Baghdad this morning.
BERLIN (Reuters) - Germany will support the Iraqi army as part of an international coalition, Defense Minister Ingbert Krump Karnbaur said on Tuesday.
"We discussed with the Iraqi Ministry of Defense the support of Iraq and the training of military forces," Karnbauer said at a joint news conference with Iraqi Defense Minister Najah al-Shammari.
She added: "We will fight with Iraq ISIS within the framework of the international coalition," noting: "It is true that military operations are over, but ISIS still exists and we are keen to help Iraq in defeating terrorism."
She pointed out that "Germany has been and is still with the international coalition and we will support the Iraqi army with full force," noting that "there is full support and cooperation and logistical cooperation and intelligence in terms of intelligence to defeat terrorism."
German Defense Minister Ingbert Krump Karnbauer arrived in Baghdad this morning.
Demands to stop electricity contract "makes Iraq pay debts for 20 years
MP Alia Nassif on Tuesday called on the Prime Minister and the Commission on Integrity and Regulatory Authorities to intervene and stop the contract of erecting the power station Yusufiya, which will make Iraq repay the debt of the Korean company for twenty years.
Nassif said in a statement that Marbad received a copy of it that the people controlling the Ministry of Electricity, including the minister and his entourage are trying to flood the country in debt by concluding a contract to erect a station Yusufiya with a Korean company and pay the costs for twenty years and enough to build plants producing ten thousand megawatts while the production capacity The Yusufiya plant has a thousand watts according to their claims.
Nassif explained that this organized theft and looting the country's budget for years to come are practiced openly without the slightest shame or conscience to add large debts to the next generations and the big dungeon. And what he has achieved on the ground since he took over the ministry.
She added that the total projects and contracts of the ministry are as follows, "Ahmed Ismail 3 thousand megawatts (full) and there are efforts to add 1500 megawatts, on the smell of 3,000 (completed one thousand service) and the remaining two thousand, the captain of the ship 1500 megawatts (under construction), Iranian lines 1500 megawatts ( Khoramala 400 MW (existing), Kulf 160 MW (existing), Kurdistan 250 MW (existing), where is the minister accomplished? Is there anyone to hold him accountable for lying to the people? "
Nassif stressed the need for the Prime Minister and the Commission on Integrity and Supervisory authorities to stop this corruption, which the country pledges sovereign sovereignties to make the future of Iraq, however, Mafia professed to ignore this poor people and loot their wealth and deprived of the most basic services.
Iraqi Delegation to Visit Kurdistan Region Soon
ERBIL - A delegation from Iraq is expected to visit the Kurdistan Region in the near future to discuss the subjects of oil and budget, a Kurdish lawmaker revealed on Monday.
Talking to BasNews, Mohammed Amin Fars, a Kurdish MP at the Iraqi Parliament, said that the delegates are invited by the Kurdistan Region's Parliament presidency for talks on the issues of oil and Erbil's share from the federal budget for the year 2020.
Earlier the day, the Kurdistan Regional Government (KRG) said in a statement that Baghdad has cut part of Erbil's share from the budget as the federal government accused the Kurdistan Region of not handing over 250,000 barrels per day to Iraq based on a previous agreement between the two sides.
In a statement to reporters on Monday, KRG spokesperson Jutyar Adil said that the Kurdistan Region's annual share from the budget is IQD 12.84 trillion, while the central government sends only IQD 5.44 trillion.
Fars, however, said that the region is prepared to send the requested 250,000 barrels per day in hopes of address the remaining disputes between Erbil and Baghdad.
Kauaihn Iraq Articles:dd
Iran's ambassador, Iraqi president explore arrangements for Arbaeen ceremony
20 August 2019 - 00:12
Baghdad, Aug 18, IRNA – Iran's Ambassador to Iraq Iraj Masjedi discussed coordination and arrangements for organizing Arbaeen ceremony in the best manner with Iraqi President Barham Saleh. Presenting a report on the joint preparations and coordination between Iran and Iraq for Arbaeen ceremony this year, he said that this year's Arbaeen ceremony is projected to be held gloriously.
He also briefed on Saleh on the implementation of the agreements reached during President Hassan Rouhani's visit to Iraq in March.During the meeting, both sides discussed arrangements for a meeting between the two countries' presidents during the upcoming UN General Assembly Meeting in New York in September.Iraqi president, for his part, discussed bilateral relations, regional and international developments.
The Minister of Interior directs the immediate response to the demands of the Iraqi community in Iran
Release date:: 2019/8/20 10:12 • 163 read times
BAGHDAD: The Interior Minister Yassin Taher al-Yasiri, on Monday, to respond immediately to the demands of the Iraqi community in Iran.
A statement issued by the Interior Minister's Office received a copy of it, "Continuing his follow-up to the requirements of our people related to the work of the Ministry inside and outside the country and during his visit to the Islamic Republic of Iran, Interior Minister Yassin Taher al-Yasiri met with the Iraqi community living there."
The statement added that "Yasiri conveyed to the community greetings of Prime Minister Adel Abdul-Mahdi," stressing "the Iraqi government's keenness to follow up its people and meet their needs inside and outside Iraq."
The statement pointed out that "during a friendly meeting with members of the community listened to Yasiri to the most prominent requirements, proposals and problems related to the work of the ministry, especially the nature of service, including the issuance of passports and national identity cards and civil status and birth data and other other details," directing "specialists with immediate action and respond to these requirements."
The statement added that "Yasiri conveyed to the community greetings of Prime Minister Adel Abdul-Mahdi," stressing "the Iraqi government's keenness to follow up its people and meet their needs inside and outside Iraq."
The statement pointed out that "during a friendly meeting with members of the community listened to Yasiri to the most prominent requirements, proposals and problems related to the work of the ministry, especially the nature of service, including the issuance of passports and national identity cards and civil status and birth data and other other details," directing "specialists with immediate action and respond to these requirements."
Halbusi Calls for Compensation for Kurdish Man Attacked in Fallujah
ERBIL - Iraqi Parliament Speaker Mohammed al-Halbusi has called for the compensation for the Kurdish man who was attacked in city of Fallujah for wearing a Kurdish outfit.
The top parliamentary official also urged the relevant authorities to take measures against the perpetrators of the attack.
Earlier the week, a young Kurdish man from Erbil, who has recently moved to Fallujah, was attacked and beaten by reportedly a number of pro-Iranian Hashd al-Shaabi militiamen in his restaurant in the Iraqi city.
The raid was soon followed by a great reaction in the Kurdistan Region, and the mayor of Fallujah apologized to the people of the region later soon, pointing out that the crime did not represent the goodwill of the people of Fallujah.
However, Anbar deputy Governor Jasim Asal told Kurdistan 24 that the perpetrators have already been detained.
He further noted that they would not forget the Kurdistan Region's role in hosting thousands of IDPs from different Iraqi parts when the country was attacked by the Islamic State (IS).
Legislative Legislation: Lifting immunity during legislative recess does not require a vote of the House of Representatives
20/08/2019 11:39 AM | The number of readings: 49
Ahd News - Baghdad
The House of Representatives announced that the decision to lift the immunity of deputies who have warrants and lawsuits, during the legislative recess, is the prerogative of the speaker of the parliament exclusively, and does not need to vote members.
The committee member Hussein Al-Oqabi said in a press statement followed by "Al-Ahd News", Tuesday, that "the request to lift immunity from deputies is a constitutional and legal right to the competent judicial authorities, through the submission of an official request to the House of Representatives during the legislative term to be on the agenda with the approval of the Presidency of Parliament It is considered by the Chamber of Deputies. "
He added that "the request to lift the immunity outside the legislative chapter, that is, during the recess of the House of Representatives, the power of the President of the Parliament exclusively to lift the immunity or not, which is a constitutional and legal action is unquestionable," pointing to the need to adopt transparency in dealing with decisions and requests of the judiciary, The Presidency of the Parliament to inform the representatives of the blocs within the House of Representatives, regardless of the names required to lift immunity, and the statement of those requests to withdraw the immunity or not..
Human Rights of the Government: If you consider Fatah al-Khadra an achievement, why are the streets of officials' houses cut off?
Release date:: 2019/8/20 9:56 • 165 read times
BAGHDAD: The United Nations High Commissioner for Human Rights, called on Monday, to open the entire Green Zone to citizens.
"There are a lot of streets inside the Green Zone, even for those who have the Green Bagat, and no one can enter it except by special permission, partly because there are only responsible homes," UNHCR member Ali al-Bayati said in a statement received by the Euphrates News. He stressed that "this is an illegal procedure, especially since it has public departments and institutions."
He added that "it is possible to rely on technologies and devices to detect modern explosives and security checks instead of blocking the streets and prevent citizens, employees and reviewers from accessing the circles easily."
"If the government considers the opening of the Green Zone an achievement, they should complete this traffic in full, not partially," he said, stressing that "these measures contravene Article 44 / I of the Iraqi Constitution, which stipulates" Iraqis have the freedom of movement, travel and housing inside and outside Iraq.
He added that "it is possible to rely on technologies and devices to detect modern explosives and security checks instead of blocking the streets and prevent citizens, employees and reviewers from accessing the circles easily."
"If the government considers the opening of the Green Zone an achievement, they should complete this traffic in full, not partially," he said, stressing that "these measures contravene Article 44 / I of the Iraqi Constitution, which stipulates" Iraqis have the freedom of movement, travel and housing inside and outside Iraq.
Release Date:: 2019/8/20 9:50 • 106 times read
(BAGHDAD: Euphrates News) MP from the opposition parliamentary wisdom bloc Mahmoud Mulla Talal need to speed up the payment of peasants financial dues.
"The peasants are still waiting to pay their marketed crops to the government, and we do not see any justification for delaying them all this time," Mullah Talal said in a statement received by the Euphrates News Agency.
He added that "the accumulation of dues will make it more difficult to pay them, we know that the farmers of Wasit province alone demand more than 33 billion dinars and will negatively affect the work of the farmer himself, so how to prepare for the next season and his money with the government."
Mulla Talal said that "the government is required to issue a quick and urgent decision to pay the dues of farmers and farmers so that they can prepare for the upcoming agricultural seasons and end their suffering of delayed disbursement of financial dues."
He added that "the accumulation of dues will make it more difficult to pay them, we know that the farmers of Wasit province alone demand more than 33 billion dinars and will negatively affect the work of the farmer himself, so how to prepare for the next season and his money with the government."
Mulla Talal said that "the government is required to issue a quick and urgent decision to pay the dues of farmers and farmers so that they can prepare for the upcoming agricultural seasons and end their suffering of delayed disbursement of financial dues."
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Today in History
Today in History
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10 Things to Know for Today
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Silver Prices With Explosive Upside
Silver prices have lagged gold prices since 2017, which has pushed the gold-to-silver ratio close to the all-time high.The gold-to-silver ratio is near an all-time high, but we think silver will start to outperform.Silver prices have explosive upside potential over the coming years in our view.
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OPEC July Production Data
OPEC crude oil production was down 246,000 barrels per day in July.Iran's decline, due to sanctions, has slowed slightly but they were still down 47,000 bpd in July.Iraq's crude oil production was up 32,000 bpd in July. That is a new all-time high for them. They are totally ignoring their OPEC quota request.Saudi Arabia is the big question. Are they choosing to produce 613,000 barrels per day below their quota? Or perhaps there is another reason?
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Agricultural Commodities Post The August WASDE Report
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The Real Benefits of Blockchain Are Here. They're Being Ignored
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Ping An’s Hong Kong virtual bank to showcase tech prowess as it harbours ambition to go global
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* Graphic: World FX rates in 2019
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Forex - Weekly Outlook: Aug 19 - 23
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A Look At The Charts
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Kudlow: 'China story needs to be changed'
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AP Exclusive: US talks secretly to Venezuela socialist boss
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Peru: Protesters march to denounce violence against women | DW | 18.08.2019
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From tsunami to ripples: other emerging markets surf Argentina's latest shock
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Top Iran diplomat suggests 90-year-old Kuwait ruler is ill
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Abu Dhabi developer Imkan appoints main contractor for Pixel project
Completion of the project, which will feature seven towers, has been pushed back from Q4 2020 to Q4 2021
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IMKAN appoints China’s CNTC as main contractor for Pixel project
UAE – Mubasher: The Abu Dhabi-based developer IMKAN announced the appointment of the Chinese construction company CNTC as its main contractor for its Pixel project in Makers District on Reem Island. This partnership comes in line with the UAE …
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U.S. and UK presence in Gulf brings insecurity: Iran Revolutionary Guards navy chief
The presence of America and Britain in the Gulf region brings insecurity, the head of the Iranian Revolutionary Guards navy, Alireza Tangsiri, was reported as saying by the ILNA news agency.
Read in Reuters: https://apple.news/AAJRUn-
Seven Arab States Plus Iran Can Ensure Security of Persian Gulf: IRGC
Commander of the Islamic Revolution Guards Corps’ Navy Rear Admiral Alireza Tangsiri says the 7+1 countries of the Persian Gulf are capable of securing the strategic body of water, and there is no need for the presence of foreign troops.
Read in IFP News: https://apple.news/
Gibraltar rejects new US demand to seize Iranian tanker
Gibraltar has rejected a renewed US request demanding the seizure of the tanker Grace 1, which has been renamed Adrian Darya 1. The decision comes days after it lifted the weeks-long detention and allowed the vessel set sail.
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Iran ready to escort Adrian Darya-1 oil tanker in the Gulf -navy commander
Iran is ready to dispatch itsnaval fleet to escort its Adrian Darya-1 oil tanker, which iscurrently in Gibraltar, Iran's navy commander said on Sunday.
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Rwanda: National Agriculture Insurance Scheme to Go Countrywide - Official
The National Agriculture Insurance Scheme (NAIS) launched in April, as a pilot project, will be scaled up to the entire country during the upcoming agricultural season A, an official told The Sunday Times on Friday. Normally, season A that starts in September and ends with February of the following year. Jean-Claude Musabyimana, the Permanent Secretary in the Ministry of Agriculture, said that NAIS started with livestock insurance and, so far, more than 1,000 cows are already insured. He said: "
Read in AllAfrica: https://apple.news/
Southern Africa: Tanzania's Economy Seen As Role Model
TANZANIA'S economic performance has been described as a role model that other Southern African Development Community (SADC) member states should embrace after recording over 7 per cent growth last year. Opening the 39th Ordinary Summit of the SADC Heads of State and Government in Dar es Salaam yesterday, SADC Executive Secretary, Dr Stergomena Tax, said although the general economic environment was relatively stable last year the macro-economic position of the region remained critical for the
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Southern Africa: Lift Zimbabwe Sanctions -aNew SADC Boss
(Photo: Pixabay) THE new SADC Chairman, President John Magufuli, has appealed to the international community to scrap sanctions against Zimbabwe, saying the country has already opened a new page and is ready to move forward. Speaking during his maiden acceptance speech after assuming the SADC chairmanship, the Tanzanian Head of State said when you chop a hand from the body, the whole body gets affected. He said the problems that face Zimbabwe, literally face all countries in the region. "
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ASIA
South China Sea alert: Fears of war surge as Vietnam confronts Beijing over ‘violations’
VIETNAM has made a desperate plea to Beijing to remove its vessels from a disputed region within the South China Sea. Like many countries in the region, Vietnam has clashed with China over certain areas which Beijing considers within its nine-dash line policy. The nine-dash line policy is the demarcation line marked out by Beijing and includes hotly contested island groups such as the Spratly and Paracels. Recently, Vietnam confirmed that a Chinese survey vessel had re-entered its territorial
Read in Express: https://apple.news/ApAh-
Biggest Hong Kong protest in weeks sends peaceful message for change
Hong Kong’s pro-democracy demonstrators braved torrential rain to hold their largest rally in weeks, in a show of strength by more moderate protest leaders who advocated peaceful resistance to Beijing’s increasing reach.
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Shenzhen experiment could shape China’s future growth
Shenzhen was where China’s market reforms began 40 years ago and it has since become a hi-tech powerhouse, so it is natural that Beijing should be looking to the city for inspiration to propel the nation to the next stage of development. President Xi…
Read in South China Morning Post: https://apple.news/
US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog
US President Donald Trump should not expect China to keep its yuan stable with the US dollar when he keeps rocking market sentiment and provoking disputes, says a former senior official with China’s foreign exchange watchdog. “It (maintaining the yuan’s…
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China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources
China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of U.S. sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday.
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Europe in crisis mode, Germany's in trouble: Andy Brenner
The health of Europe's largest economy is in dire straits as Germany teeters on the edge of a recession.
Read in Fox News: https://apple.news/
Opinion: The EU must respect the nation-state | DW | 17.08.2019
Once upon a time, when talk turned to the subject of Europe, it was technical issues about the way the EU worked that were most likely to come up. For example, butter mountains and milk lakes created by Brussels' agricultural subsidies were to be reduced by means of other subsidies paid to farmers for not producing butter and milk. Who could understand all that? But we didn't have to; we could leave it to the technocrats. All this changed when Europe agreed on common external borders and a
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G7 leaders wait nervously for Boris Johnson’s debut on the world stage
As the prime minister heads for the Biarritz summit, he has no relationship with the other governments and very little trust For weeks things have been quiet in the summer heat. But in recent days the normal diplomatic back-channelling between London, Brussels, Paris, Berlin and Rome has cranked into gear before the G7 meeting in Biarritz of the world’s most advanced economies. British officials have been liaising with their EU counterparts on how to get on the right side of the trade war
Read in the guardian: https://apple.news/
Yes, Donald Trump Is Rooting for Break-up of the EU
Of course Donald Trump is hoping for a dissolution of the European Union, and it's not a secret. When you're talking about geopolitical powers, three most immediately spring to mind: the United States, the European Union, and China. It's fair to say that the US has to look at the latter two as economic competitors,...
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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: Afghanistan vows to "eliminate" safe havens of Islamic State group, a number of economists expect a recession by 2021, Florida's palm trees are under attack, Louisiana governor who shouldered blame for Hurricane Katrina has died
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Here are 5 stories you missed this weekend
How authorities foiled three possible shootings, Jay Powell’s precarious position, remembering Cedric Benson, and protesters clash at a far-right rally in Portland, Oregon.
Read in Apple News Spotlight: https://apple.news/Arfdlub3MS_
Five of the world's biggest economies are at risk. Here's where the US stands
Fears of a brewing global recession were renewed this week as markets whipsawed over President Donald Trump's trade war with China as well as disappointing economic data from both Germany and China.
Read in CNN Politics: https://apple.news/A227pm1_
OIL/COMMODITIES/ENERGY
Gold Prices Down Amid Strong Equity Markets
Commodities Aug 19, 2019 05:22 GMT Investing.com - Gold prices fell on Monday in Asia as Asian equities traded higher. The benchmark Gold Futures contract on New York Mercantile Exchange’s Comex dropped 0.3% to $1,519.65 by 1:20 AM ET (05:20 GMT). The fall in gold prices came as Asian stock markets recovered today. Hong Kong’s Hang Seng Index jumped 2%, while Chinese stocks also gained more than 1.7%. Wednesday’s release of the Fed meeting minutes for July, along with the Thursday-through-
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Silver Prices With Explosive Upside
Silver prices have lagged gold prices since 2017, which has pushed the gold-to-silver ratio close to the all-time high.The gold-to-silver ratio is near an all-time high, but we think silver will start to outperform.Silver prices have explosive upside potential over the coming years in our view.
Read in Seeking Alpha: https://apple.news/
Energy & Precious Metals - Weekly Review and Calendar Ahead
Commodities Aug 18, 2019 11:05 GMT By Barani Krishnan Investing.com – If oil traders weren’t too sure about direction coming into this week, they’re probably as clueless going into next week. Volatility has whipsawed crude futures for a second straight week, with two days in the red and three in the black. The biggest swing happened back-to-back between Tuesday and Wednesday, where U.S. oil prices jumped 4% first on a delay in the tariffs on China before plunging 3% in the next session on
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Commodities Aug 18, 2019 11:05 GMT By Barani Krishnan Investing.com – If oil traders weren’t too sure about direction coming into this week, they’re probably as clueless going into next week. Volatility has whipsawed crude futures for a second straight week, with two days in the red and three in the black. The biggest swing happened back-to-back between Tuesday and Wednesday, where U.S. oil prices jumped 4% first on a delay in the tariffs on China before plunging 3% in the next session on
Read in Investing.com: https://apple.news/
OPEC July Production Data
OPEC crude oil production was down 246,000 barrels per day in July.Iran's decline, due to sanctions, has slowed slightly but they were still down 47,000 bpd in July.Iraq's crude oil production was up 32,000 bpd in July. That is a new all-time high for them. They are totally ignoring their OPEC quota request.Saudi Arabia is the big question. Are they choosing to produce 613,000 barrels per day below their quota? Or perhaps there is another reason?
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Oil Prices Gain; Sino-U.S. Trade War in Focus
Commodities Aug 19, 2019 05:01 GMT Investing.com - Oil prices gained on Monday in Asia following a volatile week as traders digested the latest development on the Sino-U.S. trade front. U.S. Crude Oil WTI Futures rose 1.0% to $55.33. International Brent Oil Futures climbed 1.1% to $59.27. Oil markets swung between gains and losses last week as a delay on tariffs on some Chinese goods sent crude prices higher but concerns of a recession and a surge in crude stockpiles put pressure on the markets.
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Agricultural Commodities Post The August WASDE Report
Sal Gilberte's take on the USDA's report.Soybeans fall, but the report is not that bearish.Corn tanks on larger than expected supplies.Wheat follows corn lower.Cotton higher and the animal proteins tank.
Read in Seeking Alpha: https://apple.news/
BANKS/BANKING/CREDIT
The Real Benefits of Blockchain Are Here. They're Being Ignored
In making the technology more accessible, many developers are sacrificing the benefits of decentralization for the sake of convenience.
Read in CoinDesk: https://apple.news/
Do Not Bet Against Negative Rates In The U.S.
Europe and Japan set precedents.A new era in interest rates.Not much room to battle a severe recession in the U.S.Trade and currency wars could be devastating.Gold is back - watch the forward curve for clues about dollar rates.
Read in Seeking Alpha: https://apple.news/
Money For Nothing
"Money for Nothing" does have its costs. When it comes to governments, things play out for much longer than expected.So, don't expect any major changes any time soon, as the encroaching $25 trillion in negatively yielding debt may just be the start of it.For banks, the issue is: how do you make any spread?
Read in Seeking Alpha: https://apple.news/
Ping An’s Hong Kong virtual bank to showcase tech prowess as it harbours ambition to go global
Ping An Insurance (Group), China’s largest insurer by market value, plans to leverage its proprietary technology that it has developed for its soon-to-open Hong Kong virtual bank, setting it apart from the rest of the crowd as it looks to expand globally,…
Read in South China Morning Post: https://apple.news/
Barclay signs legislation in 'landmark' move to stop EU law applying after Brexit
EU law will stop applying in Britain after 31 October, legislation signed into force today ensures.
Read in Sky News: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on MondayForex Aug 19, 2019 09:44 GMT Investing.com - Here are the top five things you need to know in financial markets on Monday, August 19: 1. U.S.-China trade talks ‘positive’ President Donald Trump tweeted over the weekend that the U.S. was “doing very well with China, and talking”, although he repeated that he was still not ready to do a deal. Trump’s top economic adviser, Larry Kudlow, said earlier on Sunday that recent phone discussions between Washington and Beijing had been “positive” and
Read in Investing.com: https://apple.news/AZY_
Sentiment Speaks: The Market Has Gone Nowhere In The Last 12 MonthsThe market has gone nowhere in the last year.We warned regarding potential whipsaw several weeks ago.The market whipsaw is likely setting us up for a further drop below 2700SPX.
Read in Seeking Alpha: https://apple.news/AsapyOkr7Q_
Pay Attention To The Message The Yield Curve Is SendingWith sell signals in place, maintaining higher levels of cash, hedging, and holding fixed income continues to provide benefits.While everybody is "freaking out" over the "inversion," it is when the yield curve "un-inverts" that is the most important.While it is unwise to use the "yield curve" as a "market timing" tool, it is just as unwise to completely dismiss the message it is currently sending.
Read in Seeking Alpha: https://apple.news/ArlWW_
Markets Shift Sharply As Uncertainty RisesFinancial markets have undergone a pretty sharp shift over the past two weeks.Invesco Fixed Income believes that several market drivers are at play.Can the Fed ease the market's concerns?Invesco Fixed Income's macro factor framework has pointed to increased market volatility since May, when we forecasted that growth expectations were at their peak.
Read in Seeking Alpha: https://apple.news/
These 10 ‘grey swan’ events could conspire to imperil global economy and marketsEven as high-probability risks capture the minds of investors, there is a growing combination of lower-probability risks, that could create even more heartburn for investors as the third quarter draws to a close.
Read in MarketWatch: https://apple.news/Az5-
CRYPTO / DIGITAL CURRENCIES
Chinese National Cryptocurrency Turns Out Not Being an Actual CryptoThe People's Bank of China (PBoC) has completed the development of a prototype for issuing a national cryptocurrency, as Cointelegraph reported on Aug. 11. As it turned out, it will be powered by a two-tier operating system, which, however, will not be fully decentralized. What do we actually know? The fact that China is close to issuing state digital money, which for the past three years has been on the tongues of the local authorities, was revealed at China Finance 40, the forum dedicated to
Read in Cointelegraph: https://apple.news/A90_
'Extreme' Bitcoin Warning Spooks Crypto MarketBitcoin and cryptocurrency traders and investors are nervously watching prices after market sentiment appeared to take a turn for a worse, dropping to its lowest level since December 2018...
Read in Forbes: https://apple.news/
Ripple's XRP Branded A 'Scam' By Bitcoin Analyst As Lawsuit Row IntensifiesRipple's XRP has never been far from controversy recently, with the company currently embroiled in a row that's seen one disgruntled investor accuse it of selling unregistered securities...
Read in Forbes: https://apple.news/
Libra partner MasterCard is building its own cryptocurrency teamMastercard, which is partnered with Facebook on its Libra cryptocurrency announced in June, is now putting together its own cryptocurrency team.
Read in MarketWatch: https://apple.news/AseaAQ-
CURRENCIES
Guide to re-work coin
Monday 19 August 2019 34
Baghdad / Omar Abdul Latif
The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin , which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by " deleting zeros" from the current currencies to be of value to the small cash groups.
Committee member Hanin al-Qadu said in a special statement to the "morning", that " during meetings and discussions with officials at the Central Bank stressed the need to re-work coins that were used in Iraq during the past decades , rather than paper that is damaged and printed in large quantities again ”.
He added, "The use of metal categories and their descent for trading gives a notional value to the currency ," noting that " a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to request more papers Cash, especially in small categories. ”
He expressed surprise at the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market.
For his part, expressed a member of the Parliamentary Finance Majid al-Waeli " readiness of the Committee to prepare any legislation required by the Central Bank, which can benefit the economy and the Iraqi market, including the circulation of coins ."
Al-Waeli told Al-Sabah: “The committee respects the independence of the central bank and its monetary policy ,” stressing that “the bank has technical autonomy by decision regardless of administrative affairs.
And MP Waeli, that "Iraq can not reproduce the experience of other countries in the use of these currencies, if it is in the interest of the advancement of the economy; we can support this trend by listening to the justifications and views of the Central Bank and then legislation appropriate laws to continue this monetary policy in Country to walk properly. ”
While the Committee member Jamal Cougar, " All countries in the Middle East and the world have a coin," noting that "this type of currency gives strength to its economy."
He expressed the hope that "the concerned parties can strengthen the currency to be small groups purchasing power in the case of the use of coins."
Committee member Dr. Ahmed al-Saffar, said that "the cost of the coin is more than paper money, in addition to the harder to carry on the citizen."
Al-Saffar told Al-Sabah that the inflation in the economy prevents the minting of coins and makes them circulate among citizens, suggesting that there will be a step to delete the zeros before the minting process to be a value for small groups against Big. ”
FOREX-Safe-haven currencies under pressure as stimulus hopes grow
* Graphic: World FX rates in 2019
Read in Reuters: https://apple.news/
How Low Can You Go: Monetary Policy Constraints And Options For The Next Recession
With interest rates at historically low levels, central bankers may turn to an array of unconventional monetary policy tools to combat the next recession.The extraordinary monetary policy tools that were used to fight the GFC will be required again and should be judged as ordinary in a world of secularly lower interest rates.A heavier burden will be placed on fiscal policy in the next economic downturn.
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Forex - Weekly Outlook: Aug 19 - 23
Forex Aug 18, 2019 11:42 GMT Investing.com - This week all eyes will be on the Federal Reserve as investors wait for fresh insights on how it may respond to growing fears of a recession after the Treasury yield curve inverted. The Fed will hold its annual gathering in Jackson Hole later in the week, where Chairman Jerome Powell is to deliver what will be a closely watched speech Friday. It will publish the minutes of its July meeting on Wednesday. The dollar ended roughly flat on Friday,
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Forex - Dollar Hovering Near 2-Week Highs, Sterling Edges Up
Forex Aug 19, 2019 07:01 GMT Investing.com - The U.S. dollar was hovering near two-week highs against a currency basket on Monday as U.S. Treasury yields bounced back from recent lows amid hopes that major economies will seek to prop up slowing growth with fresh stimulus. The U.S. dollar index, against a basket of six major currencies was at 98.05 by 03:01 AM ET (07:01 GMT), not far from the two-week high of 98.20 reached on Friday. The 10-year U.S. Treasury yield stood at 1.57%, having pulled
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Plunging peso, grinding poverty: Argentina hears echoes of 2001 crisis
Fiery ex-president Cristina Kirchner is making a comeback as the number two on a resurgent centre-left ticket Father Guillermo Torre, known as Willy to his parishioners, has been through this before. “I arrived here 20 years ago in 1999, right before the economic collapse of 2001,” he said. “Here” is Villa 31, a giant slum that sprawls beside the luxurious Recoleta and Retiro neighbourhoods of central Buenos Aires, a city within a city of which Torre is the parish priest. “Back then Villa 31’s
Read in the guardian: https://apple.news/
AUD vs NZD: Who is Winning? | Action Forex
The Australian Dollar and the New Zealand Dollar are two commodity currencies that are heavily dependent on China as a trading partner. As the slowdown in China continues, it directly effects the economies of Australia and New Zealand. With no end in sight to the trade war between the US and China, fears spread throughout […] The post AUD vs NZD: Who is Winning? appeared first on Action Forex.
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Iran's Regulated Forex Market Launches Pilot Trade
A Look At The Charts
The Chinese yuan was the third strongest currency in the world last week. The British pound was the strongest, rising a little less than 1% against the dollar and snapping a 14-week plummet against the euro.None of the other major currencies appreciated against the dollar last week.The Chilean peso was the strongest among emerging market currencies, rising about 0.4%. It is the second consecutive weekly gain.
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HEALTH / SCIENCE
Napping more? That could be an early symptom of Alzheimer's, new study says
Alzheimer's wipes out an entire network of neurons that keeps us awake, the study found. This means increased napping may be an Alzheimer's symptom.
Read in USA TODAY: https://apple.news/
Door-to-door thieves are using DNA tests to scam you
Scammers are now peddling brochures that offer genetic screening for cancer prevention, reportedly for free to those on Medicare.
Read in USA TODAY: https://apple.news/
CDC investigating illness linked to e-cigs and vaping across the country
Dozens of young people are sick with potentially dangerous lung illnesses, something health officials say is linked to e-cigarettes and vaping. The CDC is looking into 94 suspected cases across 14 states, and confirms 31 cases in five states.
Read in NBC News: https://apple.news/
Struggling to Lose Belly Fat (and Keep It Off)? Follow These 15 Dietitian-Recommended Tips
If you wish your belly was leaner and you're exercising to make it happen (with little success), we interviewed 14 experts, including 11 registered dietitians, who all agree: diet is key to losing belly fat. While it's not possible to spot-reduce fat specifically from your tummy, here are their simp ...
Read in POPSUGAR: https://apple.news/
How to protect yourself from overthinking
If this compulsion to overthink sounds familiar, continue reading for ways to reduce anxiety levels and contain some of these negative thought patterns.
Read in Ladders: https://apple.news/
Napping more? That could be an early symptom of Alzheimer's, new study says
Alzheimer's wipes out an entire network of neurons that keeps us awake, the study found. This means increased napping may be an Alzheimer's symptom.
Read in USA TODAY: https://apple.news/
Health ATMs: The Next Frontier In Healthcare Delivery And Preventive Care
In December 2016, Essar Foundation established the first Health ATM at the Primary Health Centre in Palnar to provide quality care to villages of Kuakonda block in the remote Dantewada district. In October 2017, Max Bupa Health Insurance became the first insurer in India to launch Health ATMs and conduct non-intrusive medical tests and issue...
Read in Inc42 Media: https://apple.news/Aw9ST_xBdS-
In December 2016, Essar Foundation established the first Health ATM at the Primary Health Centre in Palnar to provide quality care to villages of Kuakonda block in the remote Dantewada district. In October 2017, Max Bupa Health Insurance became the first insurer in India to launch Health ATMs and conduct non-intrusive medical tests and issue...
Read in Inc42 Media: https://apple.news/Aw9ST_xBdS-
Door-to-door thieves are using DNA tests to scam you
Scammers are now peddling brochures that offer genetic screening for cancer prevention, reportedly for free to those on Medicare.
Read in USA TODAY: https://apple.news/
CDC investigating illness linked to e-cigs and vaping across the country
Dozens of young people are sick with potentially dangerous lung illnesses, something health officials say is linked to e-cigarettes and vaping. The CDC is looking into 94 suspected cases across 14 states, and confirms 31 cases in five states.
Read in NBC News: https://apple.news/
Potential links to lung illnesses and e-cigarettes under investigation: CDC
There have been at least 94 cases of lung illnesses possibly tied to vaping.
Read in ABC News: https://apple.news/
There have been at least 94 cases of lung illnesses possibly tied to vaping.
Read in ABC News: https://apple.news/
Struggling to Lose Belly Fat (and Keep It Off)? Follow These 15 Dietitian-Recommended Tips
If you wish your belly was leaner and you're exercising to make it happen (with little success), we interviewed 14 experts, including 11 registered dietitians, who all agree: diet is key to losing belly fat. While it's not possible to spot-reduce fat specifically from your tummy, here are their simp ...
Read in POPSUGAR: https://apple.news/
How to protect yourself from overthinking
If this compulsion to overthink sounds familiar, continue reading for ways to reduce anxiety levels and contain some of these negative thought patterns.
Read in Ladders: https://apple.news/
USA / CANADA
Kudlow: 'China story needs to be changed'
Larry Kudlow, Director of the National Economic Council, talks to Chuck Todd about President Trump's trade war with China and what it could mean for risk of recession.
Read in NBC News: https://apple.news/
Support for free trade reaches new high in NBC/WSJ poll
Amid the ongoing trade war with China, nearly two-thirds of Americans say they support free trade in the latest NBC News/WSJ poll.
Read in NBC News: https://apple.news/
East Coast, Midwest brace for storms while dangerous summer heat returns to the South
1-3 inches of rain and flash flooding could affect the east coast and Midwest.
Read in ABC News: https://apple.news/
‘We’re struggling’: US farmers are hurting from Trump’s trade war with China, but they’re not ready to abandon their president just yet
Bill Tenneger has been farming for 50 years, raising pigs on his northwest Iowa farm before shipping them off to packers in the state, and then to the rest of the world.
Read in The Independent: https://apple.news/
Bill Tenneger has been farming for 50 years, raising pigs on his northwest Iowa farm before shipping them off to packers in the state, and then to the rest of the world.
Read in The Independent: https://apple.news/
Trump downplays talk of recession amid concerns of global economic slowdown
President Donald Trump said he is "prepared for everything" but that "most economists" don't think a recession is on the horizon as growing fears of a slowdown persist.
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AP Exclusive: US talks secretly to Venezuela socialist boss
AP Exclusive: A senior administration official says the U.S. has opened up secret communications with Venezuela's socialist party boss
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EMERGING MARKETS
Peru: Protesters march to denounce violence against women | DW | 18.08.2019
Hundreds of women took to the streets of Lima on Saturday to protest against the crimes being committed against women and girls in Peru. The demonstration, organized by the collective "Ni una menos," ("not one more") has been the fourth such national march so far this year. The protesters demand justice for victims of gender violence and measures by the government to protect women and girls. Peru has witnessed 105 cases of femicide so far this year, according to official figures. The term
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How one Amazon community is trying to move on from illegal wildlife tourism
Puerto Alegría, Peru, was notorious for illegal wild animal encounters. Now, residents are replacing captive anteaters with cultural artifacts—but they’re struggling to attract tourists.
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Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis
Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
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From tsunami to ripples: other emerging markets surf Argentina's latest shock
Argentina's latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have done - in part due to the increasing isolation of the country's credit and investments from the rest of the pool.
Read in Reuters: https://apple.news/
Argentina Has a Leadership Crisis and That’s a Problem for the Country’s Markets
Alberto Fernandez is a strong favorite to win Argentina’s presidential election. His roots in the anti-market Peronist movement spurred an instant financial crisis: Stocks, bonds and currency all plunged more than 20% overnight.
Read in Barron's: https://apple.news/A7HUF_
MIDDLE EAST
Top Iran diplomat suggests 90-year-old Kuwait ruler is ill
Iran's Zarif says he's praying for 'speedy recovery' of Kuwait's emir; no official word on 90-year-old ruler being ill
Read in ABC News: https://apple.news/Aq-
Abu Dhabi developer Imkan appoints main contractor for Pixel project
Completion of the project, which will feature seven towers, has been pushed back from Q4 2020 to Q4 2021
Read in Gulf Business: https://apple.news/
IMKAN appoints China’s CNTC as main contractor for Pixel project
UAE – Mubasher: The Abu Dhabi-based developer IMKAN announced the appointment of the Chinese construction company CNTC as its main contractor for its Pixel project in Makers District on Reem Island. This partnership comes in line with the UAE …
Read in Mubasher: https://apple.news/
U.S. and UK presence in Gulf brings insecurity: Iran Revolutionary Guards navy chief
The presence of America and Britain in the Gulf region brings insecurity, the head of the Iranian Revolutionary Guards navy, Alireza Tangsiri, was reported as saying by the ILNA news agency.
Read in Reuters: https://apple.news/AAJRUn-
Seven Arab States Plus Iran Can Ensure Security of Persian Gulf: IRGC
Commander of the Islamic Revolution Guards Corps’ Navy Rear Admiral Alireza Tangsiri says the 7+1 countries of the Persian Gulf are capable of securing the strategic body of water, and there is no need for the presence of foreign troops.
Read in IFP News: https://apple.news/
Gibraltar rejects new US demand to seize Iranian tanker
Gibraltar has rejected a renewed US request demanding the seizure of the tanker Grace 1, which has been renamed Adrian Darya 1. The decision comes days after it lifted the weeks-long detention and allowed the vessel set sail.
Read in RT News: https://apple.news/
Iran ready to escort Adrian Darya-1 oil tanker in the Gulf -navy commander
Iran is ready to dispatch itsnaval fleet to escort its Adrian Darya-1 oil tanker, which iscurrently in Gibraltar, Iran's navy commander said on Sunday.
Read in Reuters: https://apple.news/
AFRICA
South Africa: Tobacco Wars - Hits, Threats and Secret Ops - Behind the Simon Rudland Attempted Hit
Gold Leaf Tobacco Corporation's Simon Rudland, who survived an assassination attempt this week, says he "100%" believes one of his competitors was behind the attempted hit. When Rudland pulled his black Porsche Boxster into the driveway of the Fair Trade Independent Tobacco Association (FITA) offices in Oaklands, Johannesburg on Wednesday morning, he was ambushed by a gunman who fired nine gunshots at him. The shooter and an accomplice had been waiting in a white VW Golf in a street adjacent to
Read in AllAfrica: https://apple.news/APClv_
Rwanda: National Agriculture Insurance Scheme to Go Countrywide - Official
The National Agriculture Insurance Scheme (NAIS) launched in April, as a pilot project, will be scaled up to the entire country during the upcoming agricultural season A, an official told The Sunday Times on Friday. Normally, season A that starts in September and ends with February of the following year. Jean-Claude Musabyimana, the Permanent Secretary in the Ministry of Agriculture, said that NAIS started with livestock insurance and, so far, more than 1,000 cows are already insured. He said: "
Read in AllAfrica: https://apple.news/
Southern Africa: Tanzania's Economy Seen As Role Model
TANZANIA'S economic performance has been described as a role model that other Southern African Development Community (SADC) member states should embrace after recording over 7 per cent growth last year. Opening the 39th Ordinary Summit of the SADC Heads of State and Government in Dar es Salaam yesterday, SADC Executive Secretary, Dr Stergomena Tax, said although the general economic environment was relatively stable last year the macro-economic position of the region remained critical for the
Read in AllAfrica: https://apple.news/Aw0OooRV-
Southern Africa: Lift Zimbabwe Sanctions -aNew SADC Boss
(Photo: Pixabay) THE new SADC Chairman, President John Magufuli, has appealed to the international community to scrap sanctions against Zimbabwe, saying the country has already opened a new page and is ready to move forward. Speaking during his maiden acceptance speech after assuming the SADC chairmanship, the Tanzanian Head of State said when you chop a hand from the body, the whole body gets affected. He said the problems that face Zimbabwe, literally face all countries in the region. "
Read in AllAfrica: https://apple.news/
South China Sea alert: Fears of war surge as Vietnam confronts Beijing over ‘violations’
VIETNAM has made a desperate plea to Beijing to remove its vessels from a disputed region within the South China Sea. Like many countries in the region, Vietnam has clashed with China over certain areas which Beijing considers within its nine-dash line policy. The nine-dash line policy is the demarcation line marked out by Beijing and includes hotly contested island groups such as the Spratly and Paracels. Recently, Vietnam confirmed that a Chinese survey vessel had re-entered its territorial
Read in Express: https://apple.news/ApAh-
Biggest Hong Kong protest in weeks sends peaceful message for change
Hong Kong’s pro-democracy demonstrators braved torrential rain to hold their largest rally in weeks, in a show of strength by more moderate protest leaders who advocated peaceful resistance to Beijing’s increasing reach.
Read in The Wall Street Journal: https://apple.news/
Shenzhen experiment could shape China’s future growth
Shenzhen was where China’s market reforms began 40 years ago and it has since become a hi-tech powerhouse, so it is natural that Beijing should be looking to the city for inspiration to propel the nation to the next stage of development. President Xi…
Read in South China Morning Post: https://apple.news/
US should not expect China to keep yuan stable alone, says former senior official with China’s foreign exchange watchdog
US President Donald Trump should not expect China to keep its yuan stable with the US dollar when he keeps rocking market sentiment and provoking disputes, says a former senior official with China’s foreign exchange watchdog. “It (maintaining the yuan’s…
Read in South China Morning Post: https://apple.news/
China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources
China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of U.S. sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday.
Read in Reuters: https://apple.news/
EUROPE
Europe in crisis mode, Germany's in trouble: Andy Brenner
The health of Europe's largest economy is in dire straits as Germany teeters on the edge of a recession.
Read in Fox News: https://apple.news/
Opinion: The EU must respect the nation-state | DW | 17.08.2019
Once upon a time, when talk turned to the subject of Europe, it was technical issues about the way the EU worked that were most likely to come up. For example, butter mountains and milk lakes created by Brussels' agricultural subsidies were to be reduced by means of other subsidies paid to farmers for not producing butter and milk. Who could understand all that? But we didn't have to; we could leave it to the technocrats. All this changed when Europe agreed on common external borders and a
Read in DW: https://apple.news/
G7 leaders wait nervously for Boris Johnson’s debut on the world stage
As the prime minister heads for the Biarritz summit, he has no relationship with the other governments and very little trust For weeks things have been quiet in the summer heat. But in recent days the normal diplomatic back-channelling between London, Brussels, Paris, Berlin and Rome has cranked into gear before the G7 meeting in Biarritz of the world’s most advanced economies. British officials have been liaising with their EU counterparts on how to get on the right side of the trade war
Read in the guardian: https://apple.news/
Yes, Donald Trump Is Rooting for Break-up of the EU
Of course Donald Trump is hoping for a dissolution of the European Union, and it's not a secret. When you're talking about geopolitical powers, three most immediately spring to mind: the United States, the European Union, and China. It's fair to say that the US has to look at the latter two as economic competitors,...
Read in The Bipartisan Press: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Tuesday 8/20/19 did update on the indicative rates Sell Rate 1190
The currency auction is 209,243,179
There are no news and announcements.
No Update yet
Shares Traded:
Value Traded:
ISX ended in
Kauaihn Chatter:dd
http://www.dinarguru.com/
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff Today we had articles on coins, their importance and significance and how they're related to changing the rate which is deleting the zeroes...These articles are from the Finance Committee... But there's another layer to this...the foundation or starting point for all of this. Article: "Directed To re-work the Coin" Quote: "Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation" ...The reason they are saying they need to increase the dinar exchange rate to maintain stability of the inflation...that's actually the foundation right now for deleting the zeroes and implementing lower denoms...plus coins. [post 1 of 2....stay tuned]
8-19-2019 Newshound Guru chattels Article quote: "The delegation of the Kurdistan Regional Government will go to Baghdad during the coming days based on the previous mutual visits, where it was decided to form committees on the oil and budget and Article 140." I am slightly hopeful that Mahdi can resolve some issues with the Kurds. The Kurds seem to like and trust him. The political forces opposing Mahdi in Baghdad are substantial. Many would just as soon crush the Kurds. Rightfully or wrongly, I have believed for a long time that stability in Iraq and the eventuality of our liquidity event depend upon the Kurds indirectly. Mahdi seems our best hope for stability in Iraq, IMO.
8-19-2019 Newshound Guru Kaperoni Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies."
8-19-2019 Intel Guru RayRen98 Various Bank Sources are reporting the following...
A. "Just received a memo stating to get ready, no rates were seen."
B. "Some bank staff were told to report to their "Exchange Center" today."
C. "My Wealth Manager told me to get excited and that we would speak later this evening."
D. "My bank contact wouldn't answer his phone. He told me if he doesn't answer, it's because he's at the "Exchange Center" and can't talk on the phone."
Each message is from a different banking institution, all Tier 1 banks. Members...are reporting their bank contacts not answering their calls...hmmm?
A. "Just received a memo stating to get ready, no rates were seen."
B. "Some bank staff were told to report to their "Exchange Center" today."
C. "My Wealth Manager told me to get excited and that we would speak later this evening."
D. "My bank contact wouldn't answer his phone. He told me if he doesn't answer, it's because he's at the "Exchange Center" and can't talk on the phone."
Each message is from a different banking institution, all Tier 1 banks. Members...are reporting their bank contacts not answering their calls...hmmm?
8-19-2019 Newshound Guru Don961 Article: "...Coins that have been used in Iraq over the past decades must be restored"
8-19-2019 Intel Guru Frank26 Article quote: "...The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups."
8-19-2019 Intel Guru MarkZ [via PDK] According to Reno paymaster - he is expecting funding overnight and instantly accessible in the morning. No new rate in Iraq yet..they do have great and high expectations. Redemption center contacts are in early morning meetings…should have a update by noon.
8-19-2019 Intel Guru Delta [When do they do 2020 budget?] PARLIAMENT WILL GET IT NEXT MONTH...
8-19-2019 Intel Guru Frank26 Hypothetical Question: Okay, I'm at the bank...What do I do now? ...Start bartering! It depends on your power and how many you have...if not you don't have room to barter...remember what I told you, You are Mr. Clampett. They are Mr. Drysdale. Act accordingly. Demand what is yours. Do not settle for anything less...
8-19-2019 Intel Guru Frank26 Hypothetical Question: Okay, I'm at the bank...What do I do now? ...Start bartering! It depends on your power and how many you have...if not you don't have room to barter...remember what I told you, You are Mr. Clampett. They are Mr. Drysdale. Act accordingly. Demand what is yours. Do not settle for anything less...
8-19-2019 Newshound/Intel Guru Dinar Investor - Jeff Iraq is not Article VIII until they physically make their currency internationally recognized and/or they change the rate...roughly from the beginning of 2018...Iraq started rolling out the MasterCards and the Visas suggesting they're now international. They're partially international. Not 100%. Here's what it is. The Iraqi citizens have to be able to travel abroad and purchase things off the internet and live a normal life the way you and I do...Don't get too excited about this because they've been doing this since the beginning of 2018...it's nothing to get too excited about because they've been doing this for over a year now...It's good news regardless. It shows we're getting close but it's nothing to get super excited about...
8-19-2019 Intel Guru RayRen98 Iraqi TV was broadcasting that the government is implementing reforms to attract investment revenue. News casters are reporting that citizens receiving the new cards has surpassed 80% with 90% completion projected in the coming days. Western Union announced that effective Sunday, citizens will be able to send Dinar outside of the country.
8-18-2019 Intel Guru Frank26 ...every bank has an 800 number...for someone to tell you "I have an 800 number that is the only number that you can call to exchange your currency." I don't know about that. That's not true. That's erroneous. That's powerfully wrong. It's dangerous to even say something like that in my opinion...I disagree strongly...I don't know anything about those numbers and I don't want anything to do with it. Every bank has an 800 number...
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 8-19-2019 around 9:15 am Eastern
Iraq’s Ministry of Trade purchased more locally produced wheat in 2019 than in any other year since 1980, helping to boost support for farmers and reducing Iraq’s wheat imports. Watch this short interview with Iraq’s Minister of Trade, Mohammed Hashim Al-Ani, to find out more.
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ARTICLE 3
Parliamentary Finance: a move to reintroduce the coin and "delete the zeros"
2019/8/19 16:27
[Baghdad-Where]
The Finance Committee in the House of Representatives, on the trend to re-operate the coin, which has been used for decades in the country, stressing the importance of pre-empting the coinage process by step "delete zeros" from the current currencies to be valuable for small cash groups.
Committee member Hanin al-Qadu said in a press statement today, that "during meetings and discussions with officials in the Central Bank, we stressed the need to re-work coins that have been used in Iraq during the past decades, rather than paper that is damaged and printed in large quantities again," According to the morning newspaper.
He added, "The use of metal categories and their descent for trading gives a notional value of the currency," noting that "the exchange rates of the currencies of a number of neighboring countries are very high against the dollar, however we find that it has a coin in order to preserve the currency and not need to ask for more banknotes." Especially with small groups.
He added, "The use of metal categories and their descent for trading gives a notional value of the currency," noting that "the exchange rates of the currencies of a number of neighboring countries are very high against the dollar, however we find that it has a coin in order to preserve the currency and not need to ask for more banknotes." Especially with small groups.
He expressed surprise at the policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market.
For his part, a member of the Parliamentary Finance Majid al-Waeli readiness of the Committee to prepare any legislation required by the Central Bank, which could benefit the economy and the Iraqi market, including the circulation of coins.
Ahmed al-Saffar, a member of the Finance Committee, said that "the cost of a coin is more than paper money.
Saffar suggested that "there is a step to delete zeros preceding the coinage process to be a value for small groups to large."
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ARTICLE 4
Human rights demands that the Green Zone be fully opened to citizens
2019/8/19 16
[Baghdad-Where]
A member of the Human Rights Commission in Iraq, Ali al-Bayati, on Monday, called for the opening of the entire Green Zone to citizens and not to exclude certain areas of it.
Al-Bayati said in a press statement today that "there are a lot of streets inside the Green Zone are prohibited even on those who have Bajat Green Zone and can not enter it only by special authorization part of it because there are only responsible homes, which is illegal, especially where departments and institutions General."
"It is possible to rely on technology, modern explosive detection devices, security checks instead of blocking streets, and preventing citizens, employees and auditors from reaching the districts easily," he said.
Al-Bayati said that if the government considers the opening of the Green Zone an achievement, it must complete this achievement in full and not partially, pointing out that "these actions contravene Article 44 / I of the Iraqi Constitution, which provides for [freedom of movement, travel and housing inside and outside Iraq]."
"It is possible to rely on technology, modern explosive detection devices, security checks instead of blocking streets, and preventing citizens, employees and auditors from reaching the districts easily," he said.
Al-Bayati said that if the government considers the opening of the Green Zone an achievement, it must complete this achievement in full and not partially, pointing out that "these actions contravene Article 44 / I of the Iraqi Constitution, which provides for [freedom of movement, travel and housing inside and outside Iraq]."
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ARTICLE 5-A
Names .. The most prominent leaders of ISIS remaining with Baghdadi
Release date:: 2019/8/20 11:08 • 197 times read
Fazil Abu Ragheef, the expert in the affairs of terrorist and extremist groups, revealed on Tuesday, the names and positions of the most prominent leaders that remained with the leader of the Islamic Daesh terrorist gangs Abu Bakr al-Baghdadi.
Abu Raghef said in a press statement: "Those who stayed with al-Baghdadi are all from the old generation, and they are (Faleh al-Qarghouli, the legal guardian of ISIS now, and Abdullah Qardash), and" Abu Muslim al-Ithawi, "who was the governor of Anbar and is currently in the commission that oversees To appoint governors and lords of incisors. "
He added that "the leaders that stayed with him also, Abu Ahmed al-Rawi, and Rushdi al-Jubouri, known as Abu Omar al-Baghdadi after Abu Omar al-Rawi, who was killed in the Tharthar area in 2010."
He pointed out that "Rushdie al-Jubouri is the governor of Kirkuk, and was earlier the governor of the Karkh district in Baghdad," noting that "Baghdadi feels empty square close to him because of the difficulty of communication with them."
He added that "the leaders that stayed with him also, Abu Ahmed al-Rawi, and Rushdi al-Jubouri, known as Abu Omar al-Baghdadi after Abu Omar al-Rawi, who was killed in the Tharthar area in 2010."
He pointed out that "Rushdie al-Jubouri is the governor of Kirkuk, and was earlier the governor of the Karkh district in Baghdad," noting that "Baghdadi feels empty square close to him because of the difficulty of communication with them."
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ARTICLE 5-B
The overthrow of one of the ISIS princes close to Baghdadi in Hit
2019/8/19 16:22
[Baghdad-Where]
An associate of the leader of the Islamic State's terrorist gangs, Abu Bakr al-Baghdadi, has been ousted in the Anbar province, the Defense Ministry said Monday. The ministry said in a statement received by the All-Iraq News Agency [where] a copy of it, "a qualitative intelligence operation characterized by boldness and proper planning carried out according to accurate intelligence and ambush tightly managed detachments Military Intelligence Division in the 7th Division and in cooperation with the intelligence of the 1st Battalion 29th Infantry Brigade managed to overthrow one "The most prominent terrorists in Hit in Anbar."
The statement added that "the terrorist is the military prince of the Heat District before liberation and is one of the close terrorists of the criminal Abu Bakr al-Baghdadi, the father of a number of terrorists, where his sons were killed by the security services while the other blew himself up a suicide attack while the other fled out of the country after being injured One of the liberation battles. "
The statement pointed out that "terrorism has displaced a number of families and forced members of the security services in Hit to declare repentance and withdraw their weapons and also forcibly recruited young people to the terrorist Daesh," noting that "is one of the most important wanted by the judiciary under an arrest warrant in accordance with the provisions of Article 4 terrorism"
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