Post By Nadita Brought From Dinar Daily
Nadita File – 07/31/2014
Good evening everyone, thanks for watching Nadita File where the spin starts here
This evening news are full of goodies :) Let’s start with :
Ukraine Crisis : Chess reported Pouting Putin is not a happy camper as EU adopts new Russia sanctions curbing arm sales, bank financing and energy technology. EU also bans 5 Russian banks from raising capital in Europe as of August 1st.
Russia condemns latest EU sanctions. Bans import of grain and juice from Ukraine and produce from Poland, vows expansion to entire EU.
Kiev government cease fire lets EU investigators to re-enter MH crash site in Ukraine. Russian experts aim to inspect debris, sides trade blame for downing jet.
Israel – Gaza Showdown : Captl1 heard Israeli military source says mission to destroy tunnels could be finished by Monday or Tuesday. Israel is calling up another 16,000 reserves.
Three weeks fighting in Gaza has killed 1,300 Palestinians, 56 Israeli soldiers, 3 civilians. UN refugee agency makes urgent appeal for $187M caring for 250K in Gaza. Pentagon says casualties in Gaza are “too high”.
Calls on Israel to live up to high standards for protecting civilian life. Both Israel and Hamas agree to 72 hour ceasefire starting Friday morning at 8:00 am. They are going to Cairo for negotiations.
Other News : Calkid11 reported WHO isn’t recommending restrictions on air travel or closing borders. WHO is launching $100M response plan, about 1200 infected, 730 dead.
West African leaders to meet in Guinea tomorrow on tackling Ebola crisis. Screening airport arrivals, imposing quarantines in hot zones. US issues travel warning for 3 nations hit by Ebola virus. 1 US citizen dead, 2 others infected. Peace Corps pulling 340 from Liberia, Siera Leone, Guinea, as well.
Nannab read Argentina defaults for 2nd time since 2001, as talks with holdout creditors fail. BNY Mellon, trustee of Argentine bonds, notifies creditors of missed payment. Argentina says it’s posted money, isn’t in default. ISDA receives request on whether “credit event” has occurred, process may take 2-3 days. It would trigger $1B insurance payment by Argentina. S&P cuts Argentina short and long term foreign currency rating to “selective default”.
JPMorgan and Citi Banks are in talks to resolve dispute with holdout creditors of Argentine bonds.
Boosterbglee just heard Homeland Security Dept. warns retailers on a type of malware attacking point of sales systems. “Backoff” malware not detectable by most anti virus software.
EagleEye is happy to hear European court says Russia must pay $2.6B to former Yukos investors, Russia vows to appeal.
The Hague awarded $50B earlier this week. Yukos nationalized a decade ago. Senate set to vote today on bill to revamp VA. It would help veterans void long waits for healthcare, hire more doctors and nurses.
Saint is dumb founded to hear House GOP leaders pull bill to supplement funding for border control after lack of support. Say president can enforce law “right now” without action from Congress.
Highway traffic jam is the subject of the House votes to disagree with Senate Highway Trust Fund bill. Funding for roads and bridges face drastic cuts unless Congress takes action.
The bull was having hard time holding on the slippery slope and slipped 317 points. Stocks drop to session lows, losing July’s gains on final day of month. S&P500 drops to a 1.5 month low.
Dow, S&P500, Nasdaq are having worst day since April 10th. Nasdaq, Russell 2000 tumbles nearly 2%. Crude oil slips under $100/barrel. Telecoms and material lag. Gold closed at $1,283, silver at $20.42, copper at $3.23. Natural gas is up 1.4% to $3.84.
Portugal, Ukraine, Argentina, US data and earnings all weigh the trading today. Buffet says down day is a good day for him as he can buy what he wants at cheaper price.
Apple road to $100 derailed. Expedia and Linkedin beat earnings, the stocks rise after hour trading.
Tesla and GoPro beat street earnings, but stocks dip after hour trading.
TMobile trading higher on takeover bid by France’s Illiad for $15B for 57% of TMobile US or $33/share. Counter offers from Sprint. .
Euro zone inflation fell more than expected in July, renewing fear of deflation.
UPS is downgraded to neutral from overweight at Atlantic Equities. Yelp is downgraded to market perform from outperform at Raymond James.
Golden Girl is not surprised as Yum is not so yummy anymore as latest China food safety scare hurting KFC, Pizza Hut sales there. Yum says FY results may be hit by China food scandal, unsure how quickly sales will rebound.
Meet the new boss, Target hires Pepsico Exec Brian Cornell as Chairman/CEO as it seeks rebound from data breach. BOA raises mortgage settlement offer, ups cash portion to $7B.
Synchrony Financial (SYF), GE’s credit card business, going public today at $23/share.
HealthEquity (HQY), a healthcare service platform begins trading today at $14/share.
Vascular Biogenics (VBLX) begins trading today at $12/share, stock was down at trading. Bio Blast Pharma (ORPN) finishes first day trading nearly ¼ lower than initial price.
Catalent (CTLT), drug delivery tech firm also finishes first day trading lower than initial price. Wiljor is smiling Avalanche Biotech (AAVL) begins trading today at $17/share. The stock gained 65% and closed at $27.99.
Under Armour’s products are sold in more than 25K retail outlets worldwide. It derived 76% of its $2.3B in 2013 from apparel. Sony says consumer electronics will profit 1st time in 4 years, smartphones will slow profit growth near term.
From Dinar land : Vietnam1969 is confirming ISIL is losing its grips in several cities.
Sandfly is still patrolling the air of Baghdad, ready to fire Tbomb anytime. Several tribes are cooperating with security forces to drive out ISIL from their city. Many tribe leaders realize ISIL is not what they think they were, in their own words, they say they never thought ISIL could be so ruthless and self serving, committing atrocities in the name of Islam. They are projecting Islam as tyrannic and uncompromising whereas the opposite is true.
Stealthwarrior is still busy cleaning up the car bomb that exploded in eastern Baghdad killing civilians and wounding many others. ISIL executed 17 civilians in northern Tikrit who were kidnapped a few days earlier. The dead included a police officer and two tribesmen against ISIL. Iraqi army is determined to train better armies with weaponry to battle ISIL.
The new president of Iraq, Fouad Massoum met with the outgoing speaker of the house Osama Nujaifi to discuss the formation of new government according to the Constitution and fighting the terrorists in addition of providing necessary help to displaced people.
ISIL is fighting against Kurds and Sunni tribes in eastern and northeastern Syria near the Turkish border. The war is waged after ISIL broke the pledge not to harass Sunnis. Most of towns and villages being fought over are rich in oil and natural gas.
Rdoncampos heard a fifth tanker is loaded at the Turkish Ceyhan port reported to be 1M barrels from Kurdistan region. The buyer is not clear. Israel is the only country who bought 4 shipments of oil from Kurdistan. The fifth tanker is offloading to another tanker in South China Sea. One tanker has been parked in Morocco for two months.
Although politicians from both GOI and KRG have been talking, they are not close to reach an agreement yet as GOI insists all Iraqi oil sales must go through SOMO. Turkish FM Ahmet Davutauglu called the new Iraqi President, Massoum to congratulate him and tried to amend the broken trade between two countries.
The relationship between the two countries has been strained due to accusation of Turkish PM Tayyip Erdogan aiding militants in Iraq and Syria.
Thriver reported US government has approved $500M contract for Bell Helicopter training for the next five years. The contract is in final approval by the Congress.
Food supplies are ample in Iraq even though the highways have been closed by ISIL to make transportation a bit difficult. Yendor heard what Iraq needs right now is adequate shelter for displaced people.
Finally, politicians from all blocs and alliances are waking up with folgers in their hands, saying it’s time to put political issue aside and focus on joining efforts to oust ISIL.
From rumor land : Delta thinks law will be passed very fast.
Millionday says as soon as they are internationally recognized and CBI has a budget that they can use to transfer the money where it goes.
Poppy3 is excited at all possibilities and they are urgently completing.
TerryK is getting word that we are within 72 hour window.
Mt. Goat is optimistic they will complete it this time.
Steve1 thinks we are finally at the end. PM doesn’t have to be named for this to happen, but the budget and HCL does.
Frank26 thinks Sunday will show us many things.
Okie Oil Man says he has been receiving nothing but progress, positive news. If all goes well, we are really at the end of the trail.
Randy Koonce says we are coming to an end now with GOI being formed. Over the weekend till Tuesday seems to be the time to look for the GOI to be done, we are close.
From the desk of Stryker says WTO moves Iraq to Article VIII.
“World Trade Organization Moves Iraq Into Rev. 8 Status
WT/ACC/IRQ/2/Rev.8 Status Complete
Bodies of Working Party on Full Accession of Iraq to the WTO
Bodies Working Party on the Accession of Iraq to the WTO
Under ArticleS - WTO 1994 VII
Articles WTO 1994 XII