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Sunday, February 5, 2017

KTFA UPDATE, 5 FEB

KTFA:
Blinkster:  Just thinking out loud here...either the article about President Trump refusing to meet Abadi is smoke, or perhaps the President told PM Abadi "Don't come see me until the job is done."..this could very well be the case, and it wouldn't surprise me.  Again, just thinking out loud.

BayouBoy:  imo, Trump is tuff with no fluff... only cares about results...I think  you are correct in your way of thinking.

OldManRiver:  I saw earlier on Fox that there's a problem with someone on the inside (staff holdover maybe?) That is leaking inacurate news to the media. This looks like more of that.

Don961:  Washington: what appeared in the news media about Trump refused to receive Abadi untrue

Sunday February 5, 2017 11:41

Alsumaria News / Baghdad

announced that the US embassy in Baghdad, Sunday, that what some media outlets for US President Donald Trump refused to receive Iraqi Riaas Minister Haider al - Abadi is untrue.
....
Information Office of the Embassy said in a statement Alsumaria News received a copy of the "what some of the media recently about informed US Ambassador Douglas Silliman, Iraqi Prime Minister Haider al - Abadi President Donald Trump 's decision not to receive him are false and baseless news."

The bureau said that " the two sides discussed during their meeting , which was held earlier in the achievements of the security forces in the city of Mosul, in addition to continued US support for Iraq in its war against Daesh."

He was Prime Minister Haider al - Abadi in a telephone conversation with US President - elect Donald Trump, in the November 18, 2016, Iraq 's desire to expand the prospects for the relationship between Baghdad and Washington, and in the face of Trump 's invitation to Ebadi to visit the United States and his meeting "soon", promised a "strong and firm support" for Iraq.

http://www.alsumaria.tv/news/194229/link

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Samson:  Trump Targets Regulations on Big Banks

 Sunday, February 05, 2017

US President Donald Trump has launched his long-promised attack on banking rules that were rushed into law after the nation’s economic crisis, signing new orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him on, but Trump risks disillusioning his working-class voters.

On Friday he directed his treasury secretary to review the complex 2010 Dodd-Frank financial oversight law, which was signed by President Barack Obama to overhaul regulations after the financial and housing crisis of the past decade. It aimed to restrain banks from misdeeds that many blamed for the crisis, AP reported.

The new president also signed a memorandum instructing the Labor Department to delay an Obama-era rule that requires financial professionals who charge commissions to put their clients’ best interests first when giving advice on retirement investments.

While the order on Dodd-Frank, named after its Democratic sponsors, won’t have an immediate impact, Trump’s intent is clear. The law has been a disaster in restricting banks’ activities, he said earlier this week. “We’re going to be doing a big number on Dodd-Frank.”

During a meeting Friday with business leaders, including JPMorgan Chase CEO Jamie Dimon, he said, “Frankly, I have so many people, friends of mine that have nice businesses that can’t borrow money. They just can’t get any money because the banks just won’t let ’em borrow because of the rules and regulations of Dodd-Frank.”

Those regulations unnecessarily cramp the US economy and job creation, he declared. But many Democrats see it differently, including Sen. Elizabeth Warren, who was behind the formation of the Consumer Financial Protection Bureau, formed as part of the Dodd-Frank law.
“Donald Trump talked a big game about Wall Street during his campaign—but as president, we’re finding out whose side he’s really on,” Warren said in a statement.

https://financialtribune.com/articles/world-economy/58903/trump-targets-regulations-on-big-banks

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Tehran Currency Market Unfazed by Trump’s Actions

  Sunday, February 05, 2017

The currency market has been stable in recent days, ignoring a deluge of news stories that should have conventionally rocked the boat.

In fact, the domestic market has been mostly indifferent to US President Donald Trump’s recent controversial actions and statements, including ordering an entry ban on citizens from seven Muslim-majority countries, including Iran.

The rial was traded at 38,100-38,300 to the US dollar on Saturday in Tehran’s market, quite unchanged compared with the previous working day’s close. However, the Association of Bureaux de Change Operators of Iran put the greenback’s exchange rate at 38,000 rials on Saturday.

“I don’t care about what Trump says … Currency rates are unchanged or lower today,” Tehran Chamber of Commerce’s news service quoted a street currency dealer as saying on Monday.

Euro was exchanged for 42,210 rials, marking a 250-rial or 0.6% growth compared with the previous working day. British pound’s exchange rate dropped by 0.23% on Monday and was traded at 48,520 rials, according to Tehran Gold and Jewelry Union’s website.

However, several moneychangers recorded no change in exchange rates for euro and pound on Monday.

Turkish lira was exchanged for 10,720 rials, according to TGJU, up by 60 rials. Emirati dirham was slightly down against the rial with the Iranian currency at 10,670 to the lira on Monday.

Hossein Salimi, a member of Tehran Chamber Commerce, believes that Trump’s decisions are not necessarily practical.

“He addresses issues in general, but his measures prove to be impractical when it comes to details, like the visa ban that was reversed by a federal court. Such comments have no impact on markets,” he added.

Valiollah Seif, governor of the Central Bank of Iran, also said Trump’s measures will have no effect on Iran’s banking relations, mainly because Iran has no direct commercial relations with the US.

“Not concerned about the travel ban; we keep working on improving the economy and our ties with foreign banks,” he was quoted as saying on Wednesday on the sidelines of a Cabinet meeting.

The CBI fixed the official exchange rate for the US dollar at 32,367 rials on Monday, up by 4 rials compared with Thursday’s rate.

https://financialtribune.com/articles/economy-business-and-markets/58923/tehran-currency-market-unfazed-by-trump-s-actions

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Samson:  Iraq-Jordan highway to be opened

  4th February, 2017

Anbar governor Eid Amash al-Karboul stated that the security of  Iraqi highway will be invested by a US company, with expectations to re-open Trebeil borders.

The contract will cover the area from the east northern side of Fallujah city to the border outlet with Jordan.

On 26 December, 2016, Anbar provincial council announced offering the highway for investment by the security companies.

On the other hand, it was announced that the debris in the highway shall be removed and the bridges will be rehabilitated for this project.

It is expected that the cleaning of the highway will take much time, the sources added.

http://www.iraqtradelinknews.com/2017/02/iraq-jordan-highway-to-be-opened.html

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