Zig’s Place Chat and News Early Saturday AM 5-15-21

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butterfly  The Governor of Kirkuk, a number of members of Parliament and electricity specialists held an emergency meeting to discuss the problem of electricity, ensure the work and operation of generators, and move to the Ministry of Electricity to increase the share of Kirkuk according to its established percentage, and wait for taxes to be collected from the owners of generators and work to increase the supply of subsidized fuel and strengthen coordination between the administration and members of the House of Representatives To serve the citizens of Kirkuk all .

butterfly  The US embassy in Afghanistan invites its citizens to leave the country as soon as possible

Saturday 15, May 2021 12:08........The US embassy in Afghanistan called today, Saturday, its citizens to be careful and prepare to leave the country at the earliest opportunity, in light of the escalation of violence and confrontations between government forces and the hard-line "Taliban" movement.

The US embassy in Afghanistan published on its website a security warning to its citizens, saying: "Due to the historical escalation of violence in Afghanistan after the Eid holiday, US citizens are reminded to be careful in crowded places, including markets, places of worship and banks."

Washington expressed "concern about the militants' insistence on targeting foreigners by kidnapping them or attacking places such as hotels, residential complexes, security checkpoints, and others."

And the US embassy in Afghanistan called on its citizens "to draw up plans to leave Afghanistan via commercial airlines."

Washington intends to withdraw all its forces from Afghanistan by September 11, the date of the twentieth anniversary of the 2001 attacks that led Washington to topple the "Taliban" regime .

butterfly  2021-05-14 07:23

Shafaq News/ The dollar took a breather on Friday but looks set to post weekly gains against a basket of currencies as investors try to assess the risk of U.S. inflation rising faster than expected and prodding the Federal Reserve to hike interest rates sooner.

A strong reading on U.S. wholesale prices and jobless claims on Thursday failed to spark a renewed uptick in Treasury yields, which some traders put down to the market already pricing in a degree of inflation worries.

Moreover, the Federal Reserve has been sticking to its script that its stimulus will be in place for some time to support the economy, with officials viewing a spike in inflation as transitory.

All the same, given the U.S. economic normalization is gathering steam, market players say underlying inflation concerns will remain for now.

“Inflation will remain a big theme for markets in coming few months. The Fed says it will be transitory but markets are asking ‘what if it turns out not to be transitory,” said Yukio Ishizuki, senior strategist at Daiwa Securities.

In early Friday trade, the dollar index paused at 90.752 , sitting on a gain of 0.5% so far this week and keeping some distance from its 2-1/2-month low of 89.979 set on Tuesday.

Against the yen, the dollar stood at 109.50 yen, off Thursday’s one-month high of 109.785.

The euro was fetching $1.2076, holding above Thursday’s low of $1.20515 while the British pound changed hands at $1.4047.

butterfly  The U.S. producer price index rose 0.6% in April after surging 1.0% in March. In the 12 months through April, the PPI shot up 6.2%. That was the biggest year-on-year rise since the series was revamped in 2010 and followed a 4.2% jump in March.

A separate report showed the number of Americans filing new claims for unemployment benefits dropped to a 14-month low of 473,000.

Strong data, coming after a stunning jump in consumer inflation announced on Wednesday, added to the evidence inflationary pressure is building up in the United States as vaccine rollouts prompts economic normalization.

On Thursday, however, U.S. bond yields dipped, with the 10-year Treasuries yield slipping to 1.651% after hitting a five-week high of 1.707%.

In crypto currencies, Bitcoin flirted with 2-1/2-month lows after Tesla Inc chief Elon Musk reversed his stance on accepting the digital currency and on news of a U.S. probe into Binance, one of the world’s biggest crypto currency exchanges.

The world’s biggest cryptocurrency last traded at $49,222 , having fallen to as low as $45,700 on Thursday, its lowest level since March 1.

The second-biggest cryptocurrency dropped to $3,656 , off a record high of $4,380.64 hit on Wednesday.

Moving in the opposite direction, dogecoin, a relatively new coin promoted by Musk, jumped as much as 20% after he said he was involved in work to improve the token’s transaction efficiency.

Source: Reuters

butterfly Because the budget was not sent ... a technical delegation from the region visits Baghdad after the Eid holiday

05/15/2021 ..........{Economic: Al Furat News} The Parliamentary Finance Committee confirmed today, Saturday, that the federal government did not send the Kurdistan Region’s share of the budget due to a technical problem. It is likely that the Kurdistan Regional Government will send a technical delegation to Baghdad to agree on several issues.

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Representative Shirwan Mirza, a member of the Parliamentary Finance Committee, said in a press statement that "the region's share of the federal budget has not yet been sent due to a technical problem," noting that "finding a mechanism to implement Article 11 of the Budget Law for the Kurdistan Region’s share lies in sending a technical delegation. From the region to visit Baghdad to agree on the mechanism for calculating oil and non-oil resources and how to calculate the region’s share of the budget and the mechanism for sending it.

Mirza suggested that "the technical delegation will visit the federal capital, Baghdad after the Eid holiday," stressing "the need for the regional and federal governments to abide by the agreements concluded between them," adding: "The meetings between the technical delegation from the Kurdistan Region and Baghdad are the ones that will determine the funds that Baghdad should have." Paying it to the region and the revenues that the province must deliver. "

butterfly  Iraq surpasses Saudi Arabia with oil exports to America

05/15/2021.........{Economic: Al Furat News} The US Energy Information Administration announced, on Saturday, that Iraqi oil exports to the United States have risen to 235 thousand barrels per day, surpassing Saudi Arabia during the past week.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe click here

"The average US imports of crude oil during the past week from nine countries amounted to 4 million and 640 thousand barrels per day, down by 206 thousand barrels per day compared to the previous week, which amounted to 4 million and 846 thousand barrels," a report by the administration stated.

The report pointed out, "The United States imported crude oil from Iraq at a rate of 235 thousand barrels per day, higher than the previous week, which reached an average of 41 thousand barrels per day."

He pointed out that "most of America's oil revenues during the past week came from Canada at a rate of two million and 924 thousand barrels per day, followed by Mexico, whose imports amounted to 434 thousand barrels per day, followed by Colombia, from which imports amounted to 278 thousand barrels per day, and Ecuador at a rate of 257." One thousand barrels per day. ”

And the US Energy Information Administration report continued that “the amount of imports of crude oil from Saudi Arabia amounted to 224 thousand barrels per day, followed by Nigeria, whose imports amounted to 157 thousand barrels per day, followed by Russia, whose imports amounted to 67 thousand barrels per day, followed by Brazil, which amounted to 157 thousand barrels per day. Imports from them average 64 thousand barrels per day.

butterfly Al-Rasheed: Our branches continue to receive customers during Eid Al-Fitr and on Saturday

05/15/2021..........{Economist: Al Furat News} The Rasheed Bank announced, on Saturday, that its branches will continue to receive their customers during the days of the blessed Eid

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe click here

"The bank decided to open its branches during the blessed Eid al-Fitr to pay the dues of the outlets and salaries and to receive petroleum products," the bank’s media office said in a statement.

"The bank will continue to open its doors on Saturday every week to provide banking service," he added.

butterfly  The Kurdistan Patriot responds to a pedigree statement regarding the purchase of electoral cards

05/15/2021 ............{Politics: Al Furat News} The head of the Patriotic Union of Kurdistan Parliamentary Bloc, Alla Talabani, responded on Saturday about a statement of affiliation to the bloc regarding the purchase of electoral cards.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Talabani said, in a statement that the Euphrates News received a copy of, that "at a time when the Iraqi people are looking forward to free, fair and transparent elections through which they express their will in an honorable competitive atmosphere, flocks of electronic flies that are led and financed by modern teeth come into political action to promote A fabricated record in which someone claims to belong to our office and is trying to buy election cards. "

Talabani denied "the validity of the fabricated recording," the city of "this approach of miscarriage, behind which there is a political ambition that is not stopped by the values ​​of honest competition, but does not have anything from it."

Talabani stressed that "this targeting comes within the framework of the increasing pressure exerted by the newlyweds on the active female component of the political process, especially after we adopted in the Iraqi parliament the need to strengthen the electoral security of female candidates."

It also called on all the competent authorities to "take their turn by uncovering and prosecuting those parties, to curb lies and rumors, and to enhance the positive atmosphere before the elections."

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