Friday, November 28, 2014

Welcome To Going Global East Meets West ..

Hakim calls for rapid enactment of enhanced national unity laws

11/29/2014

Hakim calls for rapid enactment of enhanced national unity laws

BAGHDAD - Search Head «Islamic Supreme Council» Ammar al-Hakim, with a representative of the Secretary-General of the United Nations Nikolai Miladinov, developments in the security and political situation in Albulad.oaad wise in meeting that took place with the UN official last Thursday in his office in Baghdad, invitations bear arms, however, the state, calling on security agencies extraordinary efforts to maintain security and to address crime gangs Anizh.oavad a written statement issued by the Presidency «Supreme» received the «morning» copy of it, that al-Hakim praised the triumphs of the security services and regiments «popular crowd» forces «Peshmerga» Kurdish against gangs «Daash »Alarhabiyh.ovi a time when al-Hakim, called on the authorities to« adopt one basket to put the laws to please everyone », exhorted the« expedite the enactment of important laws to strengthen the unity of the components ». 

As he pointed to the importance of solving the problems between the federal government and the Kurdistan region, especially in Alinvt.kma file Hakim stressed the need to mobilize the international community to confront «Daash», praising «countries that opened up to the Iraq and provided support to him». In the end of the meeting, the President of the Council Supreme for «thanks to the efforts of the United Nations in support of Iraq internationally and regionally, especially in the fight against gang« Daash »terror»,.

source

OPEC's call to adhere to the production ceiling

11/29/2014

OPEC's call to adhere to the production ceiling

 BAGHDAD - after the Organization of Petroleum Exporting Countries decided (OPEC) not to cut production, despite the glut of great supply in the global markets as the decline in oil prices is a real problem for them, increasing the need for day after day to reduce dependence on crude supplier and a single to balance country and spared the vagaries of global oil prices because whenever crude prices fell down earnings 12 countries in the Organization member, including Iraq.

The price of oil is a complex issue because it is affected by several factors, are having an impact and the implications of a wide and varied, in some cases, the strategic natural resources at the global level what makes it imperative for Anizh- According to oil expert - the defense of the oil price at a certain level, especially after the decision not to reduce production. In this regard, said oil expert Ahmed Musa horses that the effects of the decline can be effective, but its impact depends largely on the complexity of the many factors that shown by the answers to the other questions that are still unclear as how to deal quickly and oil prices moving down? Is there a limit to the bottom price and what is it? When what extent will stabilize prices?

He »Sabah» when processing oil pricing movement one needs to be clear and precise, when using data and information, prices charts for oil deals trade reflects trades related to future markets and relevant contracts.

Indicating vary these prices (up and down) every hour of the trading session during the day, reflecting the sentiment on trading (and the actors in it are the oil traders, brokers and speculators).

And that these prices are very sensitive to a variety of different circumstances, such as a political event, the outbreak of the conflict, to resolve the dispute, accident on the pipeline Export or main station, data and reports, and accidents, and the attacks on the oil field, natural disasters (earthquakes) and both in addition to the normal and futures trading. He pointed out that this decline and continued sharp alarming, thus causing concern.

He pointed horses that the economic, financial and commercial factors that stood behind the current decline in oil prices and its impact on the future development is that the increase in global oil supplies occur in OPEC and non-OPEC countries (especially United States) both. 

He said supply growth include both conventional oil and non-traditional as well as potential for growth in oil demand is concentrated more on the Asian continent, noting that China has increased storage oil (taking advantage of the drop in oil prices), and global growth in demand for oil is likely to match the supply in the near future.

He said he can be considered a return to the market of Libyan crude oil, which broke down earlier and the strength of the dollar production, and lower interest rates and other financial measures and Economic Performance Economic Cooperation and China organization with states role also at lower prices.

The proposed oil expert to capture low prices and stability, elimination of excess current supply and the burden of doing so will fall on OPEC, and specifically on the largest producer, Saudi Arabia, Kuwait and the United Arab Emirates who was production where "capacitive extreme", while the members of the OPEC others, especially Iran, Iraq, Libya, Nigeria, Venezuela is facing serious difficulties affecting the production levels.

He called on OPEC to defend the price of oil at a certain level (in agreement and strict adherence to the roof of mass production for 2015 is less (from 0.5 to 1.5 million barrels per day from the level Official of 30 million barrels per day), or do something which does not leave an oil price of deteriorating further.

For his part, an economist of the financial crisis faced by the country the way for structural reforms and root to activate the rest of the other economic sectors.

He d. Name of Saifi »Sabah» that crises are working to rethink the management of money and get rid of the curse of unilateralism revenue, pointing to the need to deal with what is happening by the radical and institutional.

He Saifi that rely on the type of revenue is an imbalance in the economic process as a result of the weakness of the rest of the sectors, pointing out the need to speed to activate the role of the private sector and involvement in economic decision-making, particularly after the recent trends of change and strengthen the role of the private sector and development through the restructuring of state-owned enterprises and turn to the private sector.

He said the economic developments in any country are the result of the development of the private sector, attributing The reason that these countries opened up to the world through the activation of work Bstratejaat linked to investment and the sector itself as a main entrance to any prospective change.

He concluded Saifi reference to the importance of expediting the creation of an atmosphere effective for the development and investment of the private sector being the guarantors building economy facing crises and responsive economic and able to changes to alleviate of the burdens that fall on the state budget.

source

Infallible (Iraq's President) and Jaafari: enhance external political and security cooperation

11/29/2014

Infallible and Jaafari: enhance external political and security cooperation

BAGHDAD - confirmed President Fuad Masum, Foreign Minister Ibrahim al-Jaafari, the need to enhance external cooperation in political and security fields.

The presidency said in a statement received "morning," a copy of it: "The President of the Republic Fuad Masum met in Baghdad, Foreign Minister Ibrahim al-Jaafari" and was discussed the overall political issues and Alomnah.oadavc that "it was also addressed to the path of Foreign Relations at the regional and international level," pointing out that "it was an emphasis on strengthening the ways external cooperation in political and security fields.

It is said that senior officials in the government conducted through the last period for a series of official visits to a number of neighboring countries.

source


Going Global Headline News For Friday, November 26, 2014 .. click

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

Zebari: Iraq is going through a difficult financial status but it is not bankrupt

Al Sharpton? This will get the government's race war

ILLUMINATI PLANS IN AMERICA 2015: "Welcome to the New World Order"

Jim Willie's Thanksgiving Special 2014

Kevin Annett: Pope meets secretly with Russian, Dutch diplomats on BRICS bank & Dutch Queen coverup

*Iraq's Parliament intends to carry out comprehensive reforms

Putin calls for “mutually acceptable solutions” to standoff with West (U.S. and Allies)

WTO clinches first global trade deal in its history

Pope in historic visit to Turkey to activate the dialogue between religions on Friday

Raise security measures in Ankara due to visit Pope

Alasdair MacLeod--Swiss Getting Ready To Teach The Banksters A Lesson? #2380

Deputy calls to send the budget in 2015 during two days maximum

*Saturday, approving the budget and sent to the House of Representatives to discuss and approved before the legislative recess

E programs contribute to speeding up economic reforms

*Calls for the giant oil companies to invest their funds in Iraq, Iraq's Oil Minister, Abdul-Mahdi

House of Representatives to create the conditions for approving the budget in the event of arrival

The government recognizes the amendments to the 2015 budget before submitting them to parliament next Saturday

CONFIRMED: VALERIE JARRETT KEEPING IN TOUCH WITH GOV. NIXON DURING FERGUSON FIASCO

Oracle Report - Thursday, November 27th 2014

Iraq's Jubouri: The constitutionality of Article 140 and the adoption of the oil law would be a priority

Union of Kurdistan: Article 140 will decide the fate of the disputed area

Iraq .. Cabinet to discuss the budget session completed on Saturday, November 29th

Parliament held its session today sworn deputies bench and read the five laws

A delegation from the Kurdistan Regional Government will visit Baghdad on Sunday; Kurdistan received 500,000 dollars under Erbil Agreement

Oil And Gas Law: The recent agreement with the Kurdistan is not final unless it acknowledges the oil and gas law

Going Global Headline News For Thursday, November 27, 2014 .. check back for updates ..

Zebari: Iraq is going through a difficult financial status but it is not bankrupt

Friday, 28 November 2014

Zebari: Iraq is going through a difficult financial status but it is not bankrupt 

Baghdad - Finance Minister Hoshiyar Zebari said on Friday that "Iraq is not bankrupt countries but must expenses and reduced pressure to overcome the current difficult phase."

Zebari said in a press statement "should not be out there disbursements customization and law which will help the state's resources. Iraq is not a bankrupt country, or does not have the capabilities of a human or financial resources, but everyone must cooperate to overcome this difficult phase."

He pointed out that "the financial budget deficit for 2015 is estimated at 40 billion dollars and will be of the security sector and the army have the largest share of the budget."

He pointed out that "the budget has secured the popular crowd to the need of the state to force the salaries of volunteer forces," adding, "They will join the National Guard to be formed."

He Zebari said that "arming tribes are part of the current government strategy and welcome any international support to help Iraq, but no support for clans is an Iraqi and a local decision as to all the aid that comes to Iraq are welcome and should be that all parties benefit from the popular crowd and clans and the Peshmerga because the enemy one." .

"The government's own past to resolve the salaries and expenses of the Peshmerga differences," stressing that "near the visiting high-level delegation from the Kurdistan region."

The finance minister said that "the financial and the last oil agreement between Baghdad and Erbil open a door for dialogue and provided a positive vibe to it," noting that "the delegation of the province, who is visiting Baghdad in the next few days to discuss all outstanding oil and balancing security and cooperation files in the face of terrorism."

Zebari pointed to the "survival of the share of the Kurdistan region in the 2015 budget by 17% as agreed in the previous budgets, compared to the province's commitment to export quantities of oil through the federal government."

He called on the Minister of Finance on all parties, including the House of Representatives to contribute to speed up the passage of the budget as a strategic decision, "he said." There will be discussions, questions and turn, are ready to answer them. "

He stressed "the need for rationalization of spending to the presence of a difficult financial situation in Iraq, and this needs to be the economy in expenditure as far as possible to lower oil prices and the government ministries and be aware of the seriousness of this situation, which is going through the country, and there is a sense of responsibility and awareness in the approval of this budget."

The Council of Ministers held an extraordinary meeting yesterday to discuss the 2015 budget and decided to complete the discussion on Saturday to send the bill to the House tomorrow evening in preparation for Agherarha.anthy

source

Al Sharpton? This will get the government's race war

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

November 28, 2014 

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US

The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

An unmatched pace of money printing by major central banks has boosted concerns in European countries over the safety of their gold reserves abroad.

The Dutch central bank – De Nederlandsche Bank – was one of the latest to make the move. The bank announced last Friday that it moved a fifth of its total 612.5-metric-ton gold reserve from New York to Amsterdam earlier in November.

It was done in an effort to redistribute the gold stock in “a more balanced way,” and to boost public confidence, the bank explained.

Kevin Annett: Pope meets secretly with Russian, Dutch diplomats on BRICS bank & Dutch Queen coverup

Putin calls for “mutually acceptable solutions” to standoff with West (U.S. and Allies)

November 28, 2014

Putin calls for “mutually acceptable solutions” to standoff with West

Russian President Vladimir Putin on Friday urged “mutually acceptable solutions” to disagreements with the US and its allies over sanctions and all “outstanding issues”.

In an interview to Turkish agency Anadolu ahead of a state visit to Turkey, Putin said the sanctions imposed on Russia by the EU, US, Australia and Japan over the Ukraine crisis are “not legitimate”.

The US, EU and its allies have hit Russia’s top bank and leading energy and technology companies with sanctions to punish Moscow for its alleged support to separatist rebels in Ukraine.

“Such pressure not only causes direct economic damage, but also threatens international stability. Attempts to use the language of ultimatums and sanctions in talks with Russia are absolutely inadmissible and have no chance for success,” he said.

“We hope that common sense will prevail. We call to abandon the distorted logic of restrictions and threats and to search for mutually acceptable solutions to outstanding issues,” he added.

The Russian economy is bearing the brunt of Western sanctions over the Ukraine crisis, said Russian Finance Minister Anton Siluanov earlier on Monday in Moscow.

“We are losing around $40 billion in a year because of sanctions and another $90 to $100 billion because of a 30-percent drop in oil prices,” Siluanov said.

The Russian President on Friday lauded Turkey’s decision not to join in the sanctions imposed by the West on Moscow.

“We highly value independent decisions by Turkey, including on economic cooperation with Russia. Our Turkish partners refused to sacrifice their interests for somebody else’s political ambitions. I consider that to be a really well-weighed and far-sighted policy,” Putin said on Friday.

Earlier last week, Russian Foreign Minister Sergey Lavrov alleged Washington is seeking to achieve a regime change in Russia and is instigating Moscow’s closest allies to join in the punitive sanctions.

“We have a million confirmations that all over the world American ambassadors, envoys are insisting on top-level meeting to say – you should be punishing Russia jointly with us. 

This is done in all countries, no exceptions, including our closest allies,” Lavrov said.

source

South African President, Zuma, to visit China next week to woo investment

November 28, 2014

Zuma to visit China next week to woo investment

South African President Jacob Zuma will pay a state visit to China next month, a sign of steadily expanding ties between two countries that will host a new $100 billion BRICS Bank and its African regional center.

In a press briefing in Pretoria on Thursday, South Africa’s Foreign Minister Maite Nkoana- Mashabane said the leaders of the two countries will adopt the “China-South Africa 5-10 Year Framework on Cooperation” during Zuma’s visit to speed up implementation of joint projects.

Zuma will be in China from 4–5 December at an invitation by his Chinese counterpart Xi Jinping.

The two leaders will “discuss ways of supporting our industrialisation agenda by agreeing to invest in the development of Science and Technology, agro-processing; mining and mineral beneficiation, renewable energy, finance and tourism”, said Mashabane.

The visit will also seek “to ensure that our relations with China remain central to realising our developmental agenda through our foreign policy”, added the South African Foreign Minister.

The accession by South Africa to the membership of BRICS was an important milestone in the relations between the two countries, she noted.

Beijing’s relations with South Africa have flourished in the past decade with massive Chinese investment across the country and the African continent.

South Africa-China trade jumped by 32 per cent between 2012 from R205 billion to R270 billion in 2013, making China the country’s largest trading partner.

The South African Minister also underlined that “China regards South Africa as a key partner in advancing its relations with the African continent”.

South Africa through its partnership with China is joining in attempts by the BRICS bloc to upend the international order by fashioning a coalition to resist what these countries view as American arrogance.

“While the two countries are strikingly different in their cultural, political and socio-economic orientation, they are very close in the positions they take on key issues affecting mankind,” said Mashabane referring to common positions on Syria, Palestine and Iraq.

South Africa and China have stepped up closer coordination in foreign policy, notably in the United Nations, BRICS and Forum on China-Africa Cooperation (FOCAC).

President Zuma met his Chinese counterpart Xi Jinping during the G20 Summit earlier this month in Brisbane, where the BRICS leaders discussed the status of individual ratification of the BRICS Bank by their respective parliaments.

South Africa will establish an African regional center for the bank in Johannesburg.

“The decision to locate its African Regional Centre in South Africa not only raises the level of cooperation between China and South Africa in addressing global challenges, but it is yet another clear indicator of South Africa’s growing significance in driving the African Agenda,” said the South African Foreign Minister on Thursday.

After some tough rounds of negotiations, BRICS have created not only a new $100 billion Development Bank, but also a $100 billion foreign currency reserves pool during a plenary meet in Fortaleza, Brazil earlier this summer.

The five Finance Ministers will constitute the Bank’s board which will be chaired by Brazil. The Bank will initially be involved in infrastructure projects in the BRICS nations.

The authorized, dedicated and paid in capitals will amount to $100 billion, $50 billion and $10 billion respectively.

BRICS have long alleged that the IMF and World Bank impose belt-tightening policies in exchange for loans while giving them little say in deciding terms. Total trade between the countries is $6.14 trillion, or nearly 17 percent of the world’s total. The last decade saw the BRICS combined GDP grow more than 300 per cent, while that of the developed word grew 60 per cent.

source

China Overtakes Japan as World’s Second-Biggest Stock Market

November 27, 2014

China Overtakes Japan as World’s Second-Biggest Stock Market


China surpassed Japan as the world’s second-largest stock market for the first time in three years amid growing investor confidence that policy makers in Beijing will revive the economy with monetary stimulus.

CLICK HERE TO READ FULL ARTICLE


China close to launching bank deposit insurance (to be announced very soon)

November 27, 2014 

China close to launching bank deposit insurance

BEIJING—China is getting close to launching a long-anticipated deposit-insurance system, a landmark overhaul that would inject greater risk into the banking sector and pave the way for eventually allowing banks to freely compete for depositors.

Senior officials from the central bank’s branches all over the country attended a conference Thursday at the Beijing headquarters of the central bank to discuss details for implementing the deposit-insurance plan, according to central-bank officials with knowledge of the matter. The plan is expected to go into effect as early as January, the officials said, and would insure accounts up to 500,000 yuan, or about $81,000.

The move would represent the most important economic reform under President Xi Jinping since he took the reins of the ruling Communist Party two years ago. It’s part of a broader liberalization of economic policies, which has included widening the trading band for the closely controlled yuan and permitting more stock investment in China by foreigners.

“The plan will be announced very soon,” said one of the officials with the central bank, the People’s Bank of China, or PBOC.

Bank deposit insurance is commonplace around the world as a way to boost confidence in banks and prevent the kinds of bank runs that occurred during the Great Depression. But for China, the insurance system has a very different purpose to introduce some risk into a financial system where every banking product is implicitly guaranteed by the government.

source