Thanks My Ladies for letting us share from your chatroom:
Italian foreign minister to head Iran next month https://www.dailystar.com.lb/News/World/2015/Jul-24/308094-italian-foreign-minister-to-head-iran-next-month.ashx
Iran nuclear deal has dueling sanctions 'snapbacks' http://www.washingtonexaminer.com/iran-nuclear-deal-has-dueling-sanctions-snapbacks/article/2568892
Energy sanctions on Iran can be lifted by November - deputy oil minister
Iran nuclear deal: Much needed diplomatic tilt towards wellbeing of people http://nation.com.pk/blogs/24-Jul-2015/iran-nuclear-deal-much-needed-diplomatic-tilt-towards-wellbeing-of-people
India stares at $6.5 bn oil import dues to Iran http://www.ledgergazette.com/india-stares-at-6-5-bn-oil-import-dues-to-iran/14420/
India wants to keep rupee payment, barter with Iran http://www.mydigitalfc.com/news/india-wants-keep-rupee-payment-barter-iran-210
Caixin China PMI drops sharply; Asia markets sell off https://www.cnbc.com/2015/07/23/caixin-china-pmi-falls-to-lower-than-expected-482-15-month-low.html
Metals sink on China, Europe growth concerns as U.S. dollar firms http://www.reuters.com/article/2015/07/24/us-markets-global-idUSKCN0PY01520150724
Australian dollar falls below US73¢ on China data shock Read more: http://www.smh.com.au/business/markets/currencies/australian-dollar-falls-below-us73-on-china-data-shock-20150724-gijn2s.html#ixzz3go8od3KP
Zombies and cannibals: The horrors of China’s financial system, charted http://qz.com/456025/zombies-and-cannibals-the-horrors-of-chinas-financial-system-charted/
China's Stock Market Pain Is India’s Financial Gain http://www.bloomberg.com/news/articles/2015-07-23/china-pain-is-india-s-gain-as-international-funds-flee-to-mumbai
IMF Seeks More Overhauls as China Pursues Reserve Status for Yuan http://www.wsj.com/articles/imf-seeks-more-overhauls-as-china-pursues-reserve-status-for-yuan-143767158
China to Allow Wider Yuan Trading Range, State Council Says http://www.bloomberg.com/news/articles/2015-07-24/china-to-allow-yuan-to-trade-in-wider-range-state-council-says
China to allow more flexible currency to boost growth http://www.afr.com/news/world/china-to-allow-more-flexible-currency-to-boost-growth-20150724-gijpx7
China forges ahead with bid to make Yuan a reserve currency http://leaprate.com/2015/07/china-forges-ahead-with-bit-to-make-yuan-a-reserve-currency/
IMF said to urge China to exit measures to prop up stocksIMF said to urge China to exit measures to prop up stocks http://www.businesstimes.com.sg/stocks/imf-said-to-urge-china-to-exit-measures-to-prop-up-stocks
Kenyan bank hosts Chinese 'yuan' clearing centre to spur trade http://www.coastweek.com/3830-Kenyan-bank-hosts-China-yuan-clearing-centre-to-spur-trade.htm
Global economy begins second half of 2015 on shaky note http://www.theglobeandmail.com/report-on-business/international-business/global-economy-begins-second-half-of-2015-on-shaky-note/article25658904/
China invested $43.3bn in railway construction in H1 2015 http://thebricspost.com/china-invested-43-3bn-in-railway-construction-in-h1-2015/#.VbImg5PL9z0
BRICS Bank’s 1st loan to be issued in yuan http://thebricspost.com/brics-banks-1st-loan-to-be-issued-in-yuan/#.VbImnZPL9z0
Special series: CCTV on 21st Century Maritime Silk Road ep3
Grand Central: Economists No Longer So Negative on Negative Rates (developments around the world) http://blogs.wsj.com/economics/2015/07/24/grand-central-economists-no-longer-so-negative-on-negative-rates/
IMF calls for more financial reforms as Beijing seeks reserve currency status http://www.chinaeconomicreview.com/imf-calls-more-financial-reforms-beijing-seeks-reserve-currency-status
IMF Seeks More Overhauls as China Pursues Reserve Status for Yuan Read more: http://www.nasdaq.com/article/imf-seeks-more-overhauls-as-china-pursues-reserve-status-for-yuan-20150723-01175#ixzz3goEmSb00
A $4 Trillion Force From China That Helped the Euro Now Hurts It http://www.hellenicshippingnews.com/a-4-trillion-force-from-china-that-helped-the-euro-now-hurts-it/
China reports 57 percent increase in Gold supply http://www.examiner.com/article/china-reports-57-percent-increase-gold-supply
Is the fall of China a bigger problem than Greece? http://www.fundweb.co.uk/news-and-analysis/is-the-fall-of-china-a-bigger-problem-than-greece/2022768.article
PrincessDD: BRICS AND AIIB
BRICS Bank a ‘Perfect’ Addition to Int’l Financial System – Chinese PM Read more: http://sputniknews.com/asia/20150724/1024992462.html#ixzz3goGTioAA
Chinese Premier Li calls Kamath, says 'BRICS Bank an important step forward http://www.dnaindia.com/money/report-chinese-premier-li-to-calls-kamath-says-brics-bank-an-important-step-forward-2107591
New lender in the region: The importance of AIIB for South Asia https://tribune.com.pk/story/925337/new-lender-in-the-region-the-importance-of-aiib-for-south-asia/
AIIB formation to lessen conditionalities of IMF, WB http://nation.com.pk/business/24-Jul-2015/aiib-formation-to-lessen-conditionalities-of-imf-wb
China forms $50m anti-poverty fund with World Bank http://www.publicfinanceinternational.org/news/2015/07/china-forms-50m-anti-poverty-fund-world-bank
NDB's First Loan Will be in Chinese Currency: Kamath http://www.newindianexpress.com/world/NDBs-First-Loan-Will-be-in-Chinese-Currency-Kamath/2015/07/24/article2938069.ece
The World According to China http://www.nytimes.com/interactive/2015/07/24/business/international/the-world-according-to-china-investment-maps.html
China’s Gold Dump: The Greatest Financial Bubble in Human History May Soon Burst http://ivn.us/2015/07/23/chinas-gold-dump-greatest-financial-bubble-human-history-may-soon-burst/
Gold, Antipodeans crash on China PMI miss, EZ PMIs – In focus https://www.fxstreet.com/news/forex-news/article.aspx?storyid=2a2aad65-14d6-4651-a72f-905c0c65775d
European Factors to Watch-Shares seen lower after weak China data http://www.reuters.com/article/2015/07/24/markets-factors-europe-idUSL5N1040II20150724
PrincessDD: GREECE & EUROZONE
Security issues delay start of Greece's new bailout talks http://www.reuters.com/article/2015/07/24/us-eurozone-greece-talks-idUSKCN0PY0ZD20150724
More woe as Greece to slip into recession http://www.independent.ie/business/world/more-woe-as-greece-to-slip-into-recession-31400378.html
Nothing much has changed in GreeceJuly 24 2015 at 07:45am http://www.iol.co.za/business/opinion/columnists/nothing-much-has-changed-in-greece-1.1889913#.VbIsiZPL9z0
Eurozone recovery tiptoes on, with Greece a focus http://www.marketwatch.com/story/eurozone-recovery-tiptoes-on-with-greece-a-focus-2015-07-24
In or Out – The options Greece has https://themarketmogul.com/in-or-out-the-options-greece-has/
Greece causes slight dip in eurozone activity, German economic mood http://en.europeonline-magazine.eu/greece-causes-slight-dip-in-eurozone-activity-german-economic-mood_404201.html
Germany saved its big Banks at Greece's expense- Sen. Brown http://www.balkans.com/open-news.php?uniquenumber=205542
Eurozone PMI Data Suggest Modest Recovery Continued http://www.wsj.com/articles/eurozone-pmi-data-suggests-modest-recovery-continued-1437727761
Why the Greek deal will work http://www.turkishweekly.net/2015/07/24/news/why-the-greek-deal-will-work/
The Hang Seng was down 270.34 And India was down 258.54
Eurozone July business activity holds up despite Greek crisis http://www.straitstimes.com/business/eurozone-july-business-activity-holds-up-despite-greek-crisis
PrincessDD: OTHER CURRENCIES AROUND THE WORLD:
Currencies Slide Across Asia Pacific
China’s plans that could weaken yuan send currencies to multiyear lows http://www.wsj.com/articles/currencies-slide-across-asia-pacific-1437711821
CURRENCIES: Dollar Falls As Oil Selloff Ripples Through The Markets Read more: http://www.nasdaq.com/article/currencies-dollar-falls-as-oil-selloff-ripples-through-the-markets-20150723-01484#ixzz3goMfeNBJ
Peter Schiff: Currencies Depend On Faith, Gold Doesn’t
World-Beating Currency Found in Africa Seen as Loser in Long Run http://www.bloomberg.com/news/articles/2015-07-23/world-beating-currency-found-in-africa-seen-as-loser-in-long-run
Gold at 5-year low on little demand for commodity or currency http://economictimes.indiatimes.com/articleshow/48203746.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Latest gold and currency rates in UAE today: Gold edges up Gold crawls off 5-year low, but downside risk seen intact http://www.emirates247.com/business/gold-currency/latest-gold-and-currency-rates-in-uae-today-gold-edges-up-2015-07-24-1.564538
Political swings go hand in hand with currency dips http://www.theglobeandmail.com/report-on-business/rob-commentary/political-swings-go-hand-in-hand-with-currency-dips/article25647378/
Rules of engagement in currency war always changing http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11485833
Dollar gains as Asia Pacific currencies drop to multiyear lows http://www.marketwatch.com/story/dollar-gains-as-asia-pacific-currencies-drop-to-multiyear-lows-2015-07-24
Fed, growth worries fuel bearish bets on emerging currencies http://economictimes.indiatimes.com/articleshow/48188370.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
This is the most bizarre move in currencies this week http://www.marketwatch.com/story/this-is-the-most-unusual-move-in-currencies-this-week-2015-07-23
Coffee burned as Brazil's currency collapses http://www.smh.com.au/business/markets/coffee-burned-as-brazils-currency-collapses-20150723-gijehy.html
Brazilian currency and markets drop on latest fiscal savings goals http://en.mercopress.com/2015/07/24/brazilian-currency-and-markets-drop-on-latest-fiscal-savings-goals
PrincessDD: CHINA CONT'D
How China Can Create the $67 Trillion Consumer Economy http://www.bloomberg.com/news/articles/2015-07-23/how-china-can-create-the-68-trillion-consumer
Beijing Reforms Could Lift China Consumer Sectors, ETFs http://www.etftrends.com/2015/07/beijing-reforms-could-lift-china-consumer-sectors-etfs/
Asia Pacific Market: Stocks drop on soft China data, Fed rate hike woes http://www.business-standard.com/article/news-cm/asia-pacific-market-stocks-drop-on-soft-china-data-fed-rate-hike-woes-115072400889_1.html
EMERGING MARKETS-Weak China data pushes emerging stocks, currencies lower http://af.reuters.com/article/southAfricaNews/idAFL5N1041LH20150724
PrincessDD: Iran eyes return to SWIFT system, foreign stakes in privatisations after sanctions lifted http://uk.reuters.com/article/2015/07/24/uk-iran-nuclear-economy-idUKKCN0PY13920150724
IQD NOVA: http://www.armstrongeconomics.com/archives/34314 READ IT!!!!!
MY LADIES: GOOD MORNING NOVA!!! I SEE YOU BRING US GOOD NEWS TODAY
China Moving Closer to Taking the Yuan International http://www.armstrongeconomics.com/archives/34314
MY LADIES: WOW!! SO THE TRAIN MOVES ON!! AND LOOK HOW CLEVER CHINA IS BEING NOW.
WELL THERE IS ALWAYS MORE THAN 1 WAY TO SKIN A CAT THEY SAY...LOL..LOL...
IQD NOVA: GOOD MORNING ML!!! YOU WILL NEVER HEAR THIS FROM THE “FEAR SELLING GOLD “ FOLKS !!
MY LADIES: NOPE YOU NEVER WILL...I'M JUST GLAD THIS IS ALL COMING TO A HEAD NOW WHILE FOLKS ARE NOT SO ABLE TO INVEST IN THE STUFF!
GOLD WILL HAVE IT'S PLACE ….BUT NOT LIKE GOLD DEALERS ARE TEYING TO GET YOU TO BELIEVE
Sager: So, gold in this Armstrong article, is like a "no mans land" where it allows one to hedge a currency (yuan or usd in this case) through the medium of gold? Am I catching this?
MY LADIES: Iran aims to rejoin SWIFT payment system three months after sanctions lifted - minister
MY LADIES: WELL LOOK HERE THESE ARE RETAIL INVESTORS...HUMMMM
Iran offers state assets to foreigners in investment drive
Foreigners will then be welcome to enter Iran's economy through joint ventures -- including those in the banking sector -- and direct investment, such as participation in tenders to buy stakes in state companies, he said.
The national oil company will be off-limits to investors but petrochemical and refining firms may be partly sold off, and parliament has given permission for the sale of assets or projects such as hospitals, schools and highways, he added.
Bacdito Rox: BRICS Bank’s 1st loan to be issued in yuan
The BRICS New Development Bank will name its first investment in April next year and the first loan will be issued in yuan not dollar, top officials confirmed.
The first president of the Bank, Kundapur Vaman Kamath said in Shanghai that the new lender will work closely with the China-led Asian Infrastructure Investment Bank.
“We have partnerships that we will forge with the AIIB, the national loan banks and indeed, the exiting market loan banks,” he said.
MY LADIES: VERY VERY NICE!! GOOD WORK!!
Sager: Yep this creates demand and use for the yuan
MY LADIES: AND WHILE WE'RE IN BRICS
China invested $43.3bn in railway construction in H1 2015
China has invested more than 265.1 billion yuan ($43.3 billion ) in domestic railway construction in the first half of the year, up 12.7 percent from one year earlier, China Railway Corporation has announced in Beijing.
To bolster a slowing economy, the Chinese government has made railway infrastructure one of the seven prioritized sectors for investment and export.
China is competing aggressively for overseas rail projects, targeting emerging markets in Africa, Eastern Europe, Latin America and Southeast Asia while also pitching for high-profile contracts in the US and EU.
MVL: Hmm. I was wondering when Brazil might make some noise in this area...
MY LADIES: HERE IS SOME MORE
Latin American currencies take a beating http://thebricspost.com/latin-american-currencies-take-a-beating/#.VbJtYfnHlbg