Obama Sends More Troops To Iraq; Authorizes Use Of Apache Helicopters; Gives $415 Million To Local Army

Obama Sends More Troops To Iraq; Authorizes Use Of Apache Helicopters; Gives $415 Million To Local Army

Back in 2014 Obama promised that as part of the US war against ISIS, there would be "no ground troops in Iraq." Moments ago U.S. Defense Secretary Ash Carter gave the latest confirmation that Obama was not being exactly "honest", when during a visit to Baghdad in which he met U.S. commanders, Iraqi Prime Minister Haider al-Abadi, and Iraqi Defence Minister Khaled al-Obeidi, he announced that the US would send another 200 additional troops, raising the number of U.S. troops in Iraq to about 4,100.

Corporate Gravy Train: Dudley Still Gets 20% Raise After BP Shareholders Reject the Pay Deal

By EconMatters

 

We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP's Board approved an executive compensation package including a 20% raise in 2015 to nearly $20 million for its CEO Bob Dudley. Although we do not have the detail of other executive compensations, they must be pretty generous judging from Dudley's 20% raise.

 

Brent Crude Soars 8% Off Lows - Erases Entire Post-Doha Drop

Brent Crude Soars 8% Off Lows - Erases Entire Post-Doha Drop

Sometimes you have to laugh...

  • *BRENT CRUDE ERASES DECLINE, TRADES 22C HIGHER AT $43.32/BBL

While WTI is still not quite there, Brent Crude has erased a 7%-plus decline...

 

Credit Suisse suggests a few reasons for the Market Bounce - Pain trade higher, Energy covering, Gorman comments, NAHB elevated, HY/Equities decoupling from oil

1-HF exposures remain at 3 year lows + long only cash parked on sidelines – Pain trade higher, dips being bought most cited reason for this morning’s bounce

 

Argentina's First Bond Issuance In 15 Years Is Already Nearly 3x Oversubscribed

Argentina's First Bond Issuance In 15 Years Is Already Nearly 3x Oversubscribed

Almost exactly two years ago, in April 2014, Greece issued €2.5 billion in 5 year bond yielding around 5%, which was met with huge investor interest and ended up being 8x oversubscribed. Fast forward to today when another former shutout from global bond markets, Argentina, is in the FT's words, "on the cusp of one of the most anticipated comebacks in recent history, as the Latin American country ends a 15-year exile from the international debt market with a multibillion-dollar sale."

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