Tag Archives: ahead

Russia criticizes U.S. policy on Syria ahead of Kerry Moscow go to

MOSCOW Russia stepped up its criticism of U.S. policy on Syria on the eve of a check out to Moscow by U.S. Secretary of State John Kerry, saying the United States had not shown it was prepared to cooperate fully in the struggle against Islamic State militants.

Russia would continue to urge Washington to rethink its policy of “dividing terrorists into excellent and bad ones”, Russia’s Foreign Ministry stated in a statement on Monday, ahead of Kerry’s visit to Moscow, which is scheduled for Dec. 15.

(Reporting by Lidia Kelly Writing by Dmitry Solovyov Editing by Andrew Osborn)

Agen Sabung Ayam

REFILE-UPDATE 1-DoubleLine’s Gundlach says ‘real carnage’ in junk bonds ahead of Fed

NEW YORK Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, stated on a webcast on Tuesday that the junk bond market has come below severe selling pressure ahead of the Federal Reserve’s policy meeting subsequent week.

“We are seeking at true carnage in the junk bond industry,” Gundlach stated. Gundlach also mentioned it was as well early to acquire higher-yield junk bonds and energy debt securities. “I don’t like items when they go down every single day.”

Gundlach, who has been warning that the U.S. Federal Reserve must not tighten monetary policy in December, cited a number of other asset classes that are signaling deteriorating conditions. The commodities market has been facing monstrous declines with copper rates, as an example, down 37 % since July 2014 while “the breadth of the equity industry could be the worst ever.” Gundlach characterized commodities as the “widow maker” of the markets.

General, Gundlach stated it is “unthinkable” to raise prices with junk bonds and leveraged loans struggling so a lot.

Higher Yield bonds rated CCC are at the moment at multi-year lows, down a lot more than 20 percent from their peak in June 2014.

In spite of soft development in the U.S. and weakening international development, the Fed is “hell bent” on raising interest prices since it has said in numerous speeches that it would do so, Gundlach says. “It’s feasible the Fed pulls another Lucy and the football,” Gundlach said, referring to Peanuts character Lucy yanking a football away from Charlie Brown.

Gundlach stated market place turmoil would be the primary element that delays a hike by the Fed subsequent week, its initial in nearly a decade. “If the Fed hikes, it will be a different world,” he added.

The Fed could end up searching like Sweden’s Riksbank, which hiked back in 2010 and 2011 only to have to swiftly reverse and speedily slash prices, Gundlach mentioned. The Fed “philosophically” wants to raise interest rates and will use “selectively back-tested evidence” to justify an enhance in prices, he added.

Los Angeles-primarily based DoubleLine Capital oversees $ 80 billion in assets beneath management. The DoubleLine Total Return Fund is posting returns of 2.53 % so far this year, beating 99 % of its category. The DoubleLine Core Fixed Earnings Fund is posting returns of 1.47 percent, surpassing 92 % of its category. Both funds are overseen by Gundlach.

(This version of the story was refiled to show Peanuts is suitable name in 6th paragraph)

(Reporting by Jennifer Ablan Editing by James Dalgleish and Diane Craft)

Yemen humanitarian ceasefire anticipated in days, ahead of peace talks: official

DUBAI Yemen’s warring parties are anticipated to announce a humanitarian ceasefire within days ahead of U.N.-sponsored talks to end a civil war that has killed practically 6,000 folks, an official from President Abd-Rabbu Mansour Hadi’s government stated on Monday.

The United Nations specific envoy to Yemen has met Hadi in Aden and Houthi officials in the Omani capital Muscat with a proposed agenda for the talks, which Hadi’s foreign minister Abdel-Malek al-Mekhlafi mentioned would start on Dec. 15.

“The Houthis have authorized the agenda blueprint,” an official in Hadi’s office told Reuters. “Inside days a humanitarian ceasefire will be declared and actions to free prisoners and lifting the siege on the cities would commence.”

Forces loyal to Hadi, backed by air strikes and ground forces from a mostly Gulf Arab coalition, have been locked for nine months in a civil war with the Houthis, who rule the capital Sanaa and other cities.

The Houthi spokesman, in a posting on his Facebook web page, confirmed that his group had discussed “the venue and the date for the talks planned for the middle of this month” with the U.N. envoy Ismail Ould Cheikh Ahmed.

“Ways for a ceasefire and subsequent self-assurance-creating methods had been also discussed, and we expressed our openness to conduct a responsible and severe dialogue,” the spokesman, Mohammed Abdul-Salam, added, with out supplying specifics.

Prior U.N.-mediated negotiations to finish the conflict by way of dialogue failed as battles rage across the nation and Saudi-led warplanes bomb positions of the Houthi group and its Yemeni army allies.

The proposed agenda for the talks stipulates quick self-confidence-developing measures, including the release of the Yemeni defense minister captured by the Houthis in March, lifting a siege of cities and other population centers, and suspending recruitment of youngsters to fight in the conflict.

Hadi’s supporter say Houthi forces are besieging the city of Taiz, north of Aden. The Houthis say the Saudi-led coalition is successfully placing significantly of the country under siege by closing off its air space and sea ports.

The peace talks would be aimed at implementing a U.N. Security Council resolution adopted in April, which offers for the restoration of the Yemeni government and withdrawal of Houthi forces from the cities.

(Reporting By Mohammed Ghobari, Writing by Sami Aboudi Editing by Dominic Evans)

Agen Sabung Ayam

Climate talks enter subsequent phase, toughest decisions ahead

PARIS Global climate change talks in Paris moved into a new, tougher phase on Saturday as negotiators agreed on a draft accord, albeit one that still leaves hundreds of points of dispute for ministers to resolve next week.

While a largely procedural step in the four-year quest for a binding deal to slow global warming, the fact that senior officials from almost 200 nations agreed on a draft marks an advance over the last, failed summit in Copenhagen six years ago.

French Foreign Minister Laurent Fabius warned that much work lay ahead to reach an accord by the end of the conference on Dec. 11 that will bind both rich and poor nations to combat global warming beyond 2020.

“We are not discussing just the environment, the climate. It’s life,” he told delegates. “We have to succeed here.”

The top delegate from China, Su Wei, said the first week of the talks “though very difficult, have produced very good results and provide a strong foundation for next week”.

Even so, the new text highlights how much work remains to be done for ministers including U.S. Secretary of State John Kerry, in finding consensus on issues that have bedevilled talks for four years.

Negotiators have left them 939 pieces of bracketed text representing varying options for resolving disagreements.

Some developing nations want to phase out fossil fuels by 2050, for instance, but China, the biggest emitter of greenhouse gases, is among those preferring to promise merely to shift to a low-carbon economy this century.

An agreement at the U.N. summit on the outskirts of Paris is expected to represent by far the strongest global accord yet to commit both rich and developing nations to curbing the rise in the emissions responsible for climate change, even though officials say it will not be enough to prevent global temperatures rising beyond a dangerous threshold.

DIFFICULT ISSUES REMAIN

“All the difficult political issues remain unsolved and will be solved by the ministers,” European Climate and Energy Commissioner Miguel Arias Canete said. “It’s easier to get a weak agreement than a strong agreement.”

An accord will not define specific measures or targets, which are being undertaken at a national level.

But it should create a legal framework on key issues such climate finance for developing nations, beyond a goal of $ 100 billion a year already set for 2020, and set a long-term goal for the shift from fossil fuels.

The text, running to 43 pages including a 21-page core agreement, leaves most of those issues to be worked out.

“We had hoped that our work would be further advanced,” said Nozipho Mxakato-Diseko of South Africa, who speaks on behalf of more than 130 developing nations. She said rich nations should lead in cutting emissions, and provide more finance.

Many participants noted that the Copenhagen conference never even got as far as a formal draft laying out the options.

“The situation couldn’t be more different from Copenhagen … when delegations were more interested in grandstanding,” said Richard Black, director of the Energy and Climate Intelligence unit think-tank.

He said the chances of a deal next week “now look pretty good”.

All sides agree that the promises made so far for curbs on greenhouse gas emissions still fall far short of what is needed to limit global warming to a U.N. goal of 2 degrees Celsius (3.6F) above pre-industrial times.

But some developing nations said the new text showed a widening acceptance by rich nations to help them to cope with loss and damage from major impacts of climate change, such as droughts, floods, hurricanes or sea level rise.

“Two years ago, the discussion was whether loss and damage existed,” Saint Lucia Environment Minister James Fletcher said. Now, he noted, options on loss and damage were part of the core draft text.

(Reporting by Bate Felix, Barbara Lewis; Writing by Alister Doyle; Editing by Kevin Liffey)

Agen Sabung Ayam

Climate talks enter subsequent phase, toughest choices ahead

PARIS Global climate change talks in Paris moved into a new, tougher phase on Saturday as negotiators agreed to a draft accord that still leaves hundreds of points of dispute for ministers to resolve next week.

While a largely procedural step in the four-year quest for a binding deal to slow global warming, the fact that senior government officials from almost 200 nations agreed on the draft marks an improvement over the last failed summit in Copenhagen six years ago, where no such text was even approved.

“This text marks the will of all to reach an agreement,” Laurence Tubiana, French climate envoy, told delegates at the half-way point of the meeting lasting until Dec. 11.

The top delegate from China, Su Wei, said the first week of the talks “though very difficult, have produced very good results and provide a strong foundation for next week.”

Even so, the new text highlights the enormity of work that lies ahead for foreign ministers including U.S. Secretary of State John Kerry, who must find consensus on the most contentious issues that have bedevilled talks for four years.

Negotiators have left them 939 pieces of bracketed text representing the varying options for resolving points of disagreement.

Some developing nations want to phase out fossil fuels by 2050, for instance, but China is among those preferring to promise merely to shift to a low-carbon economy this century.

An agreement at the U.N. summit on the outskirts of Paris is expected to represent by far the strongest global accord yet to commit both rich and developing nations to curbing the rise in greenhouse gas emissions widely blamed for climate change, although further action will be needed to avoid global temperatures rising beyond a dangerous threshold, officials say.

The agreement will not proscribe specific measures or targets, which are being undertaken at a national level.

But it would create a legal framework on key issues such climate finance for developing nations, beyond a goal of $ 100 billion a year already set for 2020, and set a long-term goal for the shift from fossil fuels.

The text, running to 43 pages including a 21-page core agreement, leaves most of those issues to be worked out.

“We had hoped that our work would be further advanced,” said Nozipho Mxakato-Diseko of South Africa, who speaks on behalf of more than 130 developing nations. The fear is that the talks could end with a weak deal with so much work left.

BETTER THAN COPENHAGEN

Early this year, the text had been about 100 pages, roughly halved by the time the Paris summit began. The new draft is likely to be far shorter, with work set to intensify toward late next week as many nations hold out until the last possible moment to defend their key positions.

The text marks progress since Copenhagen. At that 2009 meeting, negotiators never even managed to approve such a formal draft to lay out the options.

“The situation couldn’t be more different from Copenhagen … when delegations were more interested in grandstanding,” said Richard Black, director of the Energy and Climate Intelligence unit think-tank.

He said the chances of a deal next week “now look pretty good.”

Many nations said the draft, the result of four years of work since the process was launched in Durban in 2011, leaves too much unresolved for a deal meant to chart ways to rein in rising greenhouse gases blamed for causing more floods, heat waves, droughts and rising sea levels.

Some developing nations said the new text showed a widening acceptance by rich nations to help them to cope with loss and damage from major impacts of climate change, such as hurricanes or sea level rise.

“Two years ago the discussion was whether loss and damage existed,” Saint Lucia’s Environment Minister James Fletcher said. Now, he noted, options on loss and damage were part of the core draft text.

All sides agree that promises for curbs on greenhouse gas emissions fall far short of action needed to limit global warming to a U.N. goal of 2 degrees Celsius (3.6F) above pre-industrial times.

(Reporting by Bate Felix, Barbara Lewis, Writing by Alister Doyle; Editing by Toby Chopra and Jonathan Leff)

Agen Sabung Ayam

Syria government, rebels could cooperate vs IS ahead of Assad goes: Kerry

ATHENS U.S. Secretary of State John Kerry mentioned on Friday it may well be attainable for the Syrian government and rebel forces to cooperate against Islamic State militants with no Syrian President Bashar al-Assad obtaining very first left power.

However, Kerry said it would be “exceedingly challenging” to obtain this if rebel forces that have been fighting against Assad for far more than four years did not have some confidence that the Syrian leader would ultimately go.

Kerry was asked at a news conference throughout a pay a visit to to Greece regardless of whether Assad’s departure was a precondition for Western-backed rebels to cooperate with government troops against IS, which has captured a swathe of Syria and Iraq and carried out a string of attacks in other nations.

“With respect to the question of Assad and the timing, I think the answer is … it is not clear that he would have to ‘go’ if there was clarity with respect to what his future may well or may well not be,” Kerry stated.

That clarification could come in numerous forms that would give certainty to the opposition.

“But it would be exceedingly tough to cooperate with out some indication or self-assurance on the portion of those who have been fighting him that in reality there is a resolution or a resolution in sight,” Kerry added.

Otherwise the rebels would really feel they were helping and entrenching Assad, which would be entirely unacceptable, he mentioned.

Russia and Iran, Assad’s principal allies, have mentioned it will be up to the Syrian folks to make a decision on Assad’s part at a future presidential election.

Russia has intervened militarily in support of Assad with air strikes against each IS and Western-backed rebels, while a U.S.-led coalition of Western and Sunni Arab states has been waging an air campaign against IS in Syria and Iraq.

A U.S. official who spoke to reporters on situation of anonymity said Kerry’s message was that Assad “does not have to go proper now”, offered there was a clear political transition in prospect, a position Washington has held for months.

(Reporting by Arshad Mohammed Writing by Paul Taylor Editing by Gareth Jones)

Agen Sabung Ayam

UPDATE 3-China will press ahead with reform regardless of yuan blessing -Zhu

(Adds comments from Chinese vice-minister)

WASHINGTON Dec 1 China will not stop economic sector reforms following an International Monetary Fund selection to add the yuan currency to the fund’s benchmark currency basket, a senior Chinese policymaker stated on Tuesday.

The IMF’s executive board on Monday admitted the yuan, also known as the renminbi, to the Specific Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen, a symbolic win for Beijing’s campaign for recognition as a worldwide financial power.

“The yuan joining SDR does not mean (the) finish of reform of the economic sector in China,” China’s Vice Finance Minister Zhu Guangyao said at the Peterson Institute for International Economics.

But he made it clear Beijing was in no rush to let the yuan to float freely, as China tried to modify from an investment-driven model of financial growth to a single linked far more closely to innovation.

“Now we are continuing with a managed floating technique and we hope this system can assist us to effectively total the transition,” he mentioned.

Zhu also said that he hoped the currency would 1 day fully reflect industry values.

IMF policymakers stressed at Monday’s SDR discussion the require for China to continue and deepen reforms, and to tackle any operational troubles which may inhibit IMF members from exchanging renminbi for other currencies, the IMF mentioned.

IMF employees pointed to gaps in between onshore and offshore exchange rates and warned future deviations could pose challenges for IMF members, who may acquire some disbursements in RMB once the decision requires impact.

The employees outlined growing use of the yuan, which had to meet the test of becoming extensively utilised to make international payments and traded broadly in foreign exchange markets.

A survey showed members of the IMF reported holding $ 70 billion in renminbi-denominated assets in 2014, or 1.1 percent of official foreign asset holdings.

Information suggested that day-to-day average RMB turnover was roughly $ 250 billion in six regional trading centers, behind the four other SDR currencies as nicely as the Australian dollar, Canadian dollar and Swiss franc, the report said.

Information by means of April showed turnover in London rose 80 % over two years, whilst turnover in Canada – house to one particular of only two RMB clearing and settlement centers in the Americas – was up more than 400 % at .2 billion.

Trading in New York was too thin to warrant a separate mention. Former New York City Mayor Michael Bloomberg is leading a push to establish a U.S. renminbi hub. (Reporting by Krista Hughes editing by G Crosse and Grant McCool)

Thai junta detains opposition leaders ahead of anti-graft inspection

BANGKOK Thailand’s army detained two leaders of an opposition group on Monday who were preparing to check out a public park devoted to the monarchy that has been at the center of a corruption scandal involving the military government.

The allegations relating to the financing of the Rachabhakti Park, built on army house in the seaside town of Hua Hin, are threatening to harm an anti-graft drive by the junta, which seized power last year.

Nattawut Saikua and Jatuporn Prompan, leaders of the United Front for Democracy Against Dictatorship (UDD), also known as the “red shirt” group, were taken away by the army ahead of they could set off for the park.

Thanawut Wichaidit, a spokesman for the UDD, said the two guys were taken away following giving media interviews.

“They wanted to see how the park was operating and to see the location where the military allegedly abused funds, but also to spend respects to past kings,” he mentioned.

“This is a violation of our right to spend respects.”

The accusations of kickbacks, leveled by some Thai media and opposition groups, have transfixed a country anxious more than the declining wellness of King Bhumibol Adulyadej, 87.

Nattawut and Jatuporn were taken to a military camp in Kanchanaburi, 111 km (69 miles) west of Bangkok.

4 military cars and plainclothes military officers went to his home on Sunday, Nattawut wrote on his Facebook web page.

“Let it be known that looking for truth is harmful,” Nattawut wrote on Facebook.

But the ruling junta stated it will not allow the opposition to play politics over the park which functions giant statutes of former Thai kings.

“If they hope to go there to start off a political situation, the army is not going to play that game,” Defense Minister Basic Prawit Wongsuwan told reporters on Monday.

“Honestly, they ought to not go.”

(Additional reporting by Panarat Themgumpanat and Amy Sawitta Lefevre Editing by Amy Sawitta Lefevre and Sanjeev Miglani)

Agen Sabung Ayam

Iranian difficult-liners stated to intensify crackdown ahead of important votes

Rights groups and opposition sites said dozens were summoned by the intelligence ministry for interrogation and had been detained. The Iranian government has denied there has been a wave of arrests, describing the reports as “baseless”.

Some officials and analysts believe that the aim is to limit pragmatist President Hassan Rouhani’s influence and recognition after his achievement in reaching a historic nuclear deal with the six significant powers in July that ended over a decade-old stand-off.

“The difficult-liners are wary of Rouhani’s influence at property and abroad. They fear it may possibly harm the balance of power in Iran,” a senior official close to Rouhani told Reuters on situation of anonymity.

Human rights groups and the United Nations have criticized Iran for what they say is a crackdown on freedom of expression and the media. There have been no precise numbers of just how several folks had been detained, no details of what charges if any were brought or regardless of whether there had been any trials.

Analysts say that suppressing dissenting voices has been stepped up since September when the country’s most powerful figure Supreme Leader Ayatollah Ali Khamenei warned of “infiltration” by Iran’s enemies.

The judiciary has sentenced Iranian-American Washington Post journalist Jason Rezaian to jail after being arrested in July 2014 on espionage charges. The U.S. government and the journalist’s household rejected the charges. The sentencing was followed by the arrest of Iranian-American businessman Siamak Namazi when visiting his relatives in Tehran.

GRIP ON Power

Iran’s economic hardships persuaded Khamenei to support Rouhani’s efforts to attain the nuclear deal, under which Tehran agreed to curb its nuclear plan in exchange for an easing of sanctions on its flagging economy.

The analysts say the tough-liners hope that the wave of arrests will help to tighten their grip on power and protect Khamenei’s authority from becoming challenged by the president with the elections just weeks away.

Analysts and officials close to the government think the arrests will also show the limits of the president’s energy internally and demoralize Iranians who could support pro-reform candidates in the subsequent elections.

An election win in Iran’s parliament and the Assembly of Authorities, a clerical physique with nominal power more than the supreme leader, would give Rouhani’s faction as well much power and influence in the country, tough-liners believe.

“It has often been the circumstance in Iran before the elections,” mentioned Iran-based analyst Saeed Leylaz. “Of course the nuclear deal and efforts to end Iran’s isolation have enhanced Rouhani’s reputation,” he said, adding:

“Rouhani’s opponents are worried about its influence on the vote results.”

Rouhani and his centrist and moderate backers could well be rewarded at the ballot box with their election promises of delivering a freer society.

KHAMENEI’S “RED LINE”

“Growing prestige at residence and abroad for Rouhani means significantly less authority for Khamenei and it has always been Khamenei’s red line,” said political analyst Hamid Farahvashian.

“More flexibility in foreign policy, has usually led to more pressure at property in Iran,” he said.

The United Nations has referred to as on Iran to stop arresting, harassing and prosecuting journalists and other activists.

“It is most likely to continue, at least until the upcoming votes and possibly beyond … the hard-liners are worried about Rouhani’s comparatively larger recognition … since of the nuclear deal,” mentioned Meir Javedanfar, politics lecturer at the Interdisciplinary Centre in Herzliya.

“By arresting reporters and activists, they are attempting to make Rouhani look weak and incompetent.”

Rouhani, who won a landslide election in 2013 on a progressive platform, has occasionally criticized the crackdown but has accomplished tiny to cease it.

Some supporters of Rouhani are losing patience, fearing now that he might lack the authority to develop a freer society.

“Rouhani blames challenging-liners for the limitations but words are not enough. I nevertheless support him because there is no other alternative,” mentioned a journalist in Tehran, who asked not to be named.

“His only concern is the economy and maintaining his position.”

Analysts say Rouhani lacks the constitutional power to take sensible steps to cease the suppression.

Under Iran’s constitution, Khamenei has the final say on all state matters and he has produced confident that no group, even challenging-liners, gain enough power to challenge the supreme leader’s authority because taking over the position in 1989.

ROUHANI Under SCRUTINY

Nevertheless, some doubt that Rouhani, who represented Khamenei on the Supreme National Safety Council for more than two decades, has the stomach to confront the leader and his challenging-line supporters to boost Iran’s human rights record.

“He is part of the establishment. He has gained this status since of the Islamic republic of Iran. Why must he shoot himself by weakening the program?” said Farahvashian.

If voters reward Rouhani’s allies in the elections, a pro-Rouhani majority in parliament could aid him to expand social and financial liberties.

Khamenei controls Iran’s judiciary, armed forces, the Guardian Council that vets laws and election candidates, public broadcasters and also enjoys the loyalty of Iran’s elite Revolutionary Guards, which suppressed mass protests that followed the 2009 presidential election.

Because 1989 when he took over the position from the late founder of Iran’s 1979 Islamic revolution Ayatollah Ruhollah Khomeini, Khamenei has always created certain that no group, such as from among his personal tough-line allies, gains enough energy to challenge him.

“Rouhani is a wise politician. He knows that Khamenei will by no means tolerate any challenge to his authority. For that reason, Rouhani will not make such a error as to confront Khamenei,” said a senior diplomat in Tehran.

“Such confrontations will jeopardize Rouhani’s political future. He does not want to turn into a lame duck president … for the rest of his term.”

A relative of Khamenei stated : “Our leader only thinks about the interests of our brave men and women, our nation and the Islamic republic. Political infighting is beneath him.”

(Reporting and writing by Parisa Hafezi in Ankara, editing by Peter Millership)

Bandar Sabung Ayam

Brazil Senate passes decree to assist utilities ahead of auction

BRASILIA The Brazilian Senate on Tuesday authorized a presidential decree that helps hydroelectric producers hit by record droughts, in a move that could raise investors’ appetite for power plants up for auction on Wednesday.

The approval of the decree is vital to grant judicial guarantees for possible bidders in an auction in which the government expects to raise 17 billion reais ($ 4.60 billion), analysts stated.

President Dilma Rousseff is counting on that money to improve public finances severely compromised soon after years of heavy expenditures and hefty tax breaks to nearby businesses.

The decree makes it possible for the owners of hydroelectric plants to raise electrical energy charges on consumers if their production falls due to droughts.

Power plants had been allowed to enhance tariffs this year following they piled up massive debts in 2013 and 2014, when the government mandated rate reductions to artificially control inflation. Brazil has recorded three straight years of record droughts in the densely populated south.

A developing number of hydroelectric organizations have secured injunctions exempting them from paying the extra costs for costly spot power as their output dwindle.

About two-thirds of Brazil’s energy grid is dependent on hydroelectricity.

($ 1 = 3.6978 Brazilian reais)

(Reporting by Alonso Soto Editing by Sandra Maler)

Bandar Sabung Ayam