Baghdad (AIN) –The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, discussed with the head of the Change bloc, Nicherwan Mustafa, the latest political updates.

The reporter of All Iraq News Agency (AIN) stated “Hakim met with Mustafa in Suleimaniyah where they discussed the pending issues between Baghdad and Erbil in addition to the nomination of the heads of the parliamentary committees.”

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BAGHDAD / NINA / MP, from the bloc Badr, Razak al-Haidari said Parliament Speaker Salim al-Jubouri among the supporters for the nomination of Secretary General of the Badr Organization, Hadi al-Amiri to the Interior Ministry.

He said in a statement to the National Iraqi News Agency / NINA / “a delegation from the Bloc Badr discussed with Speaker of Parliament candidates for security ministries, noting that al-Jubouri supports the nomination of Hadi al-Ameri and he has no objections preventing him to pass our candidate during the voting session in parliament.”

Haidari said that “the National Alliance agreed on the nomination of Ameri to the Interior Ministry to complete the ministerial cab.”

He added “His Bloc talked with MPs from the Iraqi forces coalition about Ameri nomination for the interior ministry and they have no any reservations or objections.”

He pointed out that “Ahrar and Citizen blocs support Badr’s candidate to the Interior Ministry calling for the prime minister Haidar al-Abbadi to listen to the voices of the majority bloc in support of the nomination of Secretary General of the Badr Organization.”

He noted that “the National Alliance is the biggest bloc in parliament and the state of law coalition, formally agreed on the nomination of Ameri which makes it decisive majority vote.”

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Top News  Mon, Sep 22 14:05 PM EDT

London Metal Exchange opens clearing house, to add China currency

  By Eric Onstad

LONDON (Reuters) – The London Metal Exchange (LME) on Monday launched its new clearing house, which plans to add the Chinese currency as collateral by year’s end to lure more business from the world’s top metals consuming nation.

The launch of LME Clear is a key step by LME owner Hong Kong Exchanges and Clearing Ltd (HKEx) to generate profits after paying $2.2 billion to buy the LME in December 2012, a price which many analysts regarded as very high.
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The 137-year-old LME set out to build its own clearing house three years ago to take over from LCH.Clearnet, allowing it to collect fees not only for transactions on the exchange, but for clearing them.

Over 2 million existing LME positions were transferred over the weekend from LCH.Clearnet to LME Clear.

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  The LME, the world’s oldest and largest market for industrial metals such as copper and aluminum, declined to say how much cash the clearing house would bring in. But Jefferies said in a note in July that the new venture would add about $80 million a year in revenue.

Revenue from HKEx’s commodities business, which includes the LME, rose to HK$645 million in the first half from HK$608 million a year earlier, HKEx said in August.

Expansion in China, which accounts for 40 percent of global copper demand, is another key LME strategy, so LME Clear is moving quickly to allow clients to use the renminbi as collateral, LME Clear Chief Executive Trevor Spanner said.

“We definitely know there’s latent demand for renminbi,” he told Reuters. “As more Asian-based members join the LME and LME Clear, they’ll be looking to make use of that renminbi facility. We plan to get that up and running in November, subject to the Bank of England’s approval.”

LME Clear is also looking into extending its opening hours into Asian hours, he added. The LME’s electronic trading platform is open from 1am to 7pm London time while LME Clear operates from 7:30am to 8pm London time.

“This morning, we had over 20,000 trades in the queue, which we processed in about 10 minutes,” Spanner said.

Adding new products is another way HKEx plans to make money, which will be easier by having its own clearing house and being able to plan specifications for both trading and clearing.

The LME has said it plans to launch a new aluminum premium contract in the second quarter of next year and steel rebar and scrap contracts further in the future.

LME Clear will also be in a good position to clear over the counter (OTC) products due to the complex structure of LME futures with daily prompt dates. Regulators are keen to shift OTC clearing to established venues to promote transparency.

“There’s a lot of activity which is not on exchange at the moment. People are interested in clearing solutions for OTC business,” Spanner said.

The new clearing house also plans to expand types of collateral to include warehouse warrants, ownership documents for metals stored in LME warehouses.

Currently, cash and bonds are the only collateral allowed, but since LME contracts are physically settled, LME members requested the addition.

(Editing by Michael Urquhart)

http://mobile.reuters.com/article/idUSKCN0HH1BR20140922

BAGHDAD / NINA / Iraqi Foreign Minister, Ibrahim al-Jaafari discussed with his Danish counterpart, Martin Ledgurd bilateral relations and ways of strengthening them.

A statement for the Foreign Ministry said today that: “Jaafari met Ledgurd on the sidelines of the session 69 of the General Assembly of the United Nations in New York and discussed with him the relations between Iraq and Denmark and ways to strengthen the prospects of joint cooperation to serve the interests of both countries,” .

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Ramadi / Nina /–Anbar Provincial Council called PM, Haider Abadi to bring to accountability the security leaders who did not abide the decision taken by Abadi to stop the indiscriminate shelling.

Member of Anbar Council said to the reporter of the National Iraqi News Agency / Nina / : ‘ Security leaders did not abide by the decision of the General Commander of the Armed Forces, Haider al-Abadi, who announced a few days ago to stop the indiscriminate shelling of cities and residential areas even places whereabouts terrorist Daash.

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Ramadi / Nina /–Anbar Provincial Council called PM, Haider Abadi to bring to accountability the security leaders who did not abide the decision taken by Abadi to stop the indiscriminate shelling.

Member of Anbar Council said to the reporter of the National Iraqi News Agency / Nina / : ‘ Security leaders did not abide by the decision of the General Commander of the Armed Forces, Haider al-Abadi, who announced a few days ago to stop the indiscriminate shelling of cities and residential areas even places whereabouts terrorist Daash.

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BAGHDAD / Nina /–A statement by the presidency of the republic said : “President of the Republic Fuad Masum, received at his residence in New York, Secretary General of the Organization of Islamic Cooperation, Iyad bin Amin and discussed with him the role that could be played by the Islamic bodies , in the fight against terrorism in various fields, and ways to strengthen cooperation In order to protect Islam from the extremism ideas .

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BAGHDAD / Nina /–A statement by the presidency of the republic said : “President of the Republic Fuad Masum, received at his residence in New York, Secretary General of the Organization of Islamic Cooperation, Iyad bin Amin and discussed with him the role that could be played by the Islamic bodies , in the fight against terrorism in various fields, and ways to strengthen cooperation In order to protect Islam from the extremism ideas .

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BAGHDAD / Nina /– Prime Minister Haider al-Abadi arrived to New York today to participate in the 69th Session of the General Assembly of the United Nations.

According to a familiar source NINA reporter said : ” Abadi will meet during the visit at the headquarters of the General Assembly with a number of heads of delegations participating in the work of the GA session .

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BAGHDAD / Nina /– Prime Minister Haider al-Abadi arrived to New York today to participate in the 69th Session of the General Assembly of the United Nations.

According to a familiar source NINA reporter said : ” Abadi will meet during the visit at the headquarters of the General Assembly with a number of heads of delegations participating in the work of the GA session .

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