Tag Archives: hold

Turkey could hold separate referenda on constitution, presidential system: PM

ANKARA Turkey might hold two separate referenda on whether or not to adopt a new constitution, and a proposed move to an executive presidential technique, Prime Minister Ahmet Davutoglu said on Monday.

Speaking on A Haber Tv, Davutoglu mentioned he would start talks with the opposition subsequent week on a new constitution and a feasible move away from the current parliamentary technique, and that the government would supply a peaceful atmosphere for discussions.

Turkish President Tayyip Erdogan has repeatedly named for an executive presidency that would give him higher powers, some thing opposition parties strongly oppose.

(Reporting by Ece Toksabay, writing by Jonny Hogg Editing by David Dolan)

Agen Sabung Ayam

FOREX-Swiss franc hits 1-week high vs euro as SNB keeps rates on hold

* SNB keeps prices unchanged, pushes Swiss franc higher

* Australian dollar jumps on bullish jobs data surprise

* Kiwi dollar rises right after RBNZ says price reduce may be last

By Anirban Nag

LONDON, Dec ten The Swiss franc rose against the euro on Thursday soon after Switzerland’s central bank kept interest rates on hold at record lows, defying some expectations that it may well act to weaken an overvalued currency.

The Swiss National Bank kept its target range for three-month Libor at between -1.25 and -.25 percent as expected, but it stated it would stay active in the currency market place if necessary.

The euro fell to 1.08 francs, its lowest in a week, from around 1.0830 francs ahead of the policy announcement.

Ahead of the European Central Bank met last week, most economists polled by Reuters had forecast the SNB would leave prices unchanged. But a third of them, wary that much more easing by the ECB would enhance the franc, anticipated the SNB to reduce rates.

The ECB loosened policy in measures that nevertheless fell properly short of marketplace expectations, pushing the euro broadly larger and taking pressure off the SNB to act and weaken the franc.

“The SNB had the chance to ease policy like the ECB and keep interest rate differentials and discourage inflows. But they chose not to. So we are seeing the euro weaken against the franc,” mentioned Chris Turner, head of currency method at ING.

“Over a period of time we anticipate the euro to ease to 1.05 francs, but there is a lot of difficult perform and you in no way know where the SNB will come and intervene.”

The SNB stressed its willingness to intervene to weaken what it calls a “substantially overvalued” franc.

Currency reserves have ballooned to almost 563 billion francs, a record higher. Credit Suisse economists in November estimated the SNB was purchasing foreign currency worth around 400-500 million Swiss francs ($ 900 million) per week.

The euro pulled back from a one particular-month high against the dollar to trade .five % reduced at $ 1.0975. The frequent currency scaled a 1-month peak of $ 1.1044 on Wednesday, extending last week’s short-covering rally right after the ECB fell short of delivering the aggressive easing many had anticipated.

Meanwhile, the Australian dollar reached a high of $ .7333 , pulling away from the earlier day’s two-week low of $ .7169. It last stood at $ .7295, up .9 percent, helped by a robust jobs report.

Yet another notable mover was the New Zealand currency, which rallied after the Reserve Bank of New Zealand cut interest rates but mentioned further easing ought to not be needed.

The kiwi dollar climbed to a higher of $ .6782, much more than two complete U.S. cents above the earlier day’s low of $ .6562. It was last up .three % at $ .6737.

“The kiwi need to not appreciate any further as the RBNZ will otherwise take action once more,” mentioned Antje Praefcke, currency strategist at Commerzbank. “I would not oppose the RBNZ there and in my view levels above $ .68 are clearly promoting levels.” (Editing by Hugh Lawson)

China military tells officers to hold their tongues on reform concerns

BEIJING Higher-ranking officers in the Chinese army need to hold their tongues about concerns more than military reform and lead from the front to make sure the rank and file are on board, the People’s Liberation Army stated on Monday.

President Xi Jinping unveiled a broad-brush outline of the reforms last month, searching for further modernization of the command structure of the world’s largest armed forces, which includes job losses, to far better enable it to win a modern war.

Xi is determined to modernize at the same time as China becomes far more assertive in its territorial disputes in the East and South China Seas. China’s navy is investing in submarines and aircraft carriers, although the air force is developing stealth fighters.

The reforms, kicked of in September with Xi’s announcement he would reduce service personnel by 300,000, have been controversial.

The military’s newspaper has published a series of commentaries warning of opposition to the reforms and worries about lost jobs.

In a front-page commentary in the People’s Liberation Army Day-to-day, the military’s political department, in charge of ideology and making certain loyalty to the ruling Communist Party, said the accomplishment or failure of reform depended on top officers “top from the front and setting a fine instance”.

“It is forbidden to speak nonsense, make irresponsible comments, have your personal points of view, act as you see fit or feign compliance,” it stated, in a piece also carried in the party’s official People’s Daily.

Special consideration should be paid to what ordinary soldiers consider and sensitive subjects “effectively resolved”, it added.

“(You) must organize and handle nicely public opinion, specially on the Net, and fight an active battle to create a great atmosphere for promoting reform,” the piece mentioned.

Xi’s reforms contain establishing a joint operational command structure by 2020 and rejigging existing military regions, as effectively as cutting troop numbers.

The military commentary said that the reforms had been unprecedented in their scope and for the interest groups they touch upon.

“Deepening military reform is a big test that cannot be avoided, and we have begun our assault and entered deep waters,” it added.

(Reporting by Ben Blanchard Editing by Nick Macfie)

Agen Sabung Ayam

Exclusive: U.S. puts request for bigger Turkish air part on hold

WASHINGTON Considering that Turkey shot down a Russian fighter jet last week, the United States has quietly put on hold a lengthy-standing request for its NATO ally to play a a lot more active role in the U.S.-led air war against Islamic State.

The move, disclosed to Reuters by a U.S. official, is aimed at permitting just adequate time for heightened Turkey-Russia tensions to ease. Turkey has not flown any coalition air missions in Syria against Islamic State since the Nov. 24 incident, two U.S. officials mentioned.

The pause is the newest complication over Turkey’s function to have tested the patience of U.S. war planners, who want a a lot more assertive Turkish contribution — specifically in securing a section of border with Syria that is noticed as a essential provide route for Islamic State.

As Britain begins strikes in Syria and France ramps up its part in the wake of last month’s attacks on Paris by the extremist group, U.S. Defense Secretary Ash Carter publicly appealed this week for a higher Turkish military role.

The best U.S. priority is for Turkey to safe its southern border with Syria, the first official stated. U.S. concern is focused on a roughly 60-mile (98-km) stretch used by Islamic State to shuttle foreign fighters and illicit trade back and forth.

But the United States also desires to see far more Turkish air strikes devoted to Islamic State, even as Washington firmly supports Ankara’s strikes against Turkey’s Kurdistan Workers Celebration (PKK), viewed by each countries as a terrorist group.

Carter told a congressional hearing this week that most Turkish air operations have been targeted at the PKK rather than at Islamic State, but U.S. officials acknowledge some promising signs from Turkey, like moves to secure key border crossings.

For example, Turkish F-16 fighter jets last month joined an air operation to assistance Syrian rebels taking back two villages from Islamic State along the so-known as Mara Line, a senior Obama administration official told reporters, speaking on situation of anonymity.

The United States does not give information on the quantity or sort of missions performed by Turkish air force flights in Syria.

Turkey rejects any suggestion it is not playing its component in the fight against ISIL.

  “We have taken part in at least half of the operations,” a senior Turkish official told Reuters. “Apart from that, Turkey takes portion in identifying targets and offering logistics and bases. We are in close cooperation with the U.S.”

Russian President Vladimir Putin branded Turkey’s shoot-down a war crime on Thursday and mentioned Turkey would face additional sanctions. Moscow has already banned some Turkish food imports as portion of a wider package of retaliatory sanctions.

The United States hopes that tensions among Moscow and Ankara will ease rapidly, permitting Turkey to take a more prominent role inside the U.S.-led coalition’s air campaign, the very first official mentioned.

The Pentagon declined to comment on the status of Turkish flights given that the shoot-down. Two Turkish officials declined to straight comment but stressed that Turkey remained portion of the air coalition.

“For us practically nothing has changed,” a senior Turkish official told Reuters.

U.S. officials stressed that overall coalition air operations had been unaffected by the tensions in between Turkey and Russia.

There is debate inside the Obama administration on how challenging to push Turkey. U.S. officials broadly acknowledge its assistance has been crucial to the U.S.-led campaign in Syria, permitting the coalition to stage strike missions out of a Turkish air base.

Turkey, for its component, has grown frustrated over the past handful of years at what it sees as indecision on the element of the United States and its Western allies, arguing that only Syrian President Bashar al-Assad’s removal from energy can bring lasting peace.

(Extra reporting by Nick Tattersall in Istanbul and Jonathan Landay in Washington editing by Stuart Grudgings.)

Agen Sabung Ayam