Tag Archives: National

Fitch Withdraws Expected Rating On Hatton National Bank’s Senior Debentures

(The following statement was released by the rating agency) COLOMBO, December 09 (Fitch) Fitch Ratings has withdrawn the anticipated rating of ‘AA-(lka)(EXP)’ assigned to Hatton National Bank PLC’s proposed senior unsecured debentures as the bank no longer expects to proceed with the senior debt issue. The anticipated rating was assigned on 4 September 2015. HNB’s proposed issuance of up to LKR10bn will now comprise of subordinated debentures only. Fitch assigned the proposed subordinated debentures a rating of ‘A+(lka)(EXP)’ on four September 2015. The final rating is subject to the receipt of final documentation conforming to info already received. A complete list of HNB’s ratings follows: National Extended-Term Rating: ‘AA-(lka)’ Outlook Stable Sri Lanka rupee-denominated senior unsecured debentures: ‘AA-(lka)’ Basel II compliant outstanding subordinated debentures: ‘A+(lka)’ Proposed Basel II compliant subordinated debentures: ‘A+(lka)(EXP)’ Speak to: Primary Analyst Jeewanthi Malagala, CFA Analyst +941 1254 1900 Fitch Ratings Lanka Ltd 15-04, East Tower, World Trade Center Colombo 1, Sri Lanka Secondary Analyst Rukshana Thalgodapitiya, CFA Vice President +941 1254 1900 Committee Chairperson Sabine Bauer Senior Director +852 2263 9966 Date of Relevant Rating Committee: 7 July 2015 Media Relations: Bindu Menon, Mumbai, Tel: +91 22 4000 1727, Email: bindu.menon@fitchratings.com. HNB has a 1.78% equity stake in Fitch Ratings Lanka Ltd. No shareholder other than Fitch, Inc. is involved in the day-to-day rating operations of, or credit reviews undertaken by, Fitch Ratings Lanka Ltd. Note to editors: Fitch’s National ratings supply a relative measure of creditworthiness for rated entities in nations with fairly low international sovereign ratings and where there is demand for such ratings. The ideal risk within a country is rated ‘AAA’ and other credits are rated only relative to this threat. National ratings are created for use primarily by regional investors in nearby markets and are signified by the addition of an identifier for the country concerned, such as ‘AAA(lka)’ for National ratings in Sri Lanka. Particular letter grades are not therefore internationally comparable. Extra information is accessible on www.fitchratings.com Applicable Criteria Evaluating Corporate Governance (pub. 07 Dec 2015) right here Global Bank Rating Criteria (pub. 20 Mar 2015) right here National Scale Ratings Criteria (pub. 30 Oct 2013) right here Further Disclosures Solicitation Status here Endorsement Policy right here ail=31 ALL FITCH CREDIT RATINGS ARE Topic TO Particular LIMITATIONS AND DISCLAIMERS. PLEASE Read THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS Hyperlink: right here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE Offered ON THE AGENCY’S PUBLIC Website ‘WWW.FITCHRATINGS.COM’. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE Obtainable FROM THIS Internet site AT ALL Times. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO Obtainable FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS Site. FITCH May HAVE Provided Yet another PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS Connected THIRD PARTIES. Details OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS Based IN AN EU-REGISTERED ENTITY CAN BE Discovered ON THE ENTITY SUMMARY Page FOR THIS ISSUER ON THE FITCH Website.

National Front observed losing two contested regions in French election runoffs

PARIS France’s far-correct National Front will not garner adequate votes in election runoffs to win two essential regions where it had come out on top in a 1st round of voting, a poll showed on Wednesday.

France will hold the runoffs on Sunday. Marine Le Pen’s anti-Europe, anti-immigrant party scored record gains in the 1st round boosted by fears over the Islamic State attacks in Paris that killed 130 individuals final month.

In the northern area of Nord-Pas-de-Calais-Picardie, Le Pen would win 47 percent of the vote whilst former minister Xavier Bertrand with the conservative Republicains would get 53 %, the TNS Sofres-OnePoint poll showed.

In the southern Provence-Alpes-Cote d’Azur region, Le Pen’s niece Marion Marechal-Le Pen would get 46 % against 54 % for Christian Estrosi, the conservative mayor of the Riviera city of Good.

The National Front’s gains in the initial round came largely at the expense of the ruling Socialists, who have called on their candidates to pull out of the elections in the two regions as nicely as an eastern area to improve the chances of the National Front losing.

Sunday’s vote will be a essential for hopes of would-be candidates preparing for the subsequent presidential election in 2017.

The poll for newspaper Le Figaro and television channel LCI was conducted on the web Dec. 7-8 with 803 respondents in each regions.

(Reporting by Leigh Thomas)

Agen Sabung Ayam

Libya’s parliament and basic national congress sign declaration of principles: Al Arabiya

World | Sat Dec 5, 2015 9:22pm EST

CAIRO

CAIRO Libya’s parliament has signed a declaration of principles with the Common National Congress aimed at ending the conflict in Libya, Al Arabiya reported on Sunday.

The declaration forms a ten-individual committee, naming an interim president and deputy, the news channel reported.

(Reporting by Ahmed Tolba Writing by Eric Knecht Editing by Chris Reese)

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Agen Sabung Ayam

National Bank of Greece gets two.71 bln euro state aid by the European Commission

ATHENS The European Commission approved on Friday state aid of two.71 billion euros for National Bank of Greece (NBGr.AT), primarily based on a modified restructuring strategy.

The commission concluded that measures the National Bank of Greece has already implemented will enable it to safe a grant of credit to the Greek economy, according to the European Union’s rules on state help.

“With the completion of the recapitalization of the 4 systemic banks of Greece and the quite important participation of the private sector, one particular a lot more element of uncertainty was eliminated,” said European Commissioner Pierre Moscovici.

“This improvement is a good step to make sure the sustainable restoration of self-assurance in Greece.”

A European Central Bank well being verify in October found National Bank of Greece, the country’s biggest lender by assets, would have a capital shortfall of 4.six billion euros ($ 4.86 billion) beneath the most adverse scenario.

(Reporting by Lefteris Karagiannopoulos Editing by Catherine Evans)

Putin, citing national safety, signs Turkey sanctions decree

MOSCOW President Vladimir Putin signed a decree imposing a raft of punitive economic sanctions against Turkey on Saturday, underlining the depth of the Kremlin’s anger toward Ankara 4 days right after Turkey shot down a Russian warplane.

The decree, which entered into force right away, said charter flights from Russia to Turkey would be banned, that tour firms would be told not to sell any holidays there, and that unspecified Turkish imports would be outlawed, and Turkish firms and nationals have their economic activities halted or curbed.

“The situations are unprecedented. The gauntlet thrown down to Russia is unprecedented. So naturally the reaction is in line with this threat,” Dmitry Peskov, Putin’s spokesman, mentioned hours prior to the decree was published.

A senior Turkish official told Reuters the sanctions would only worsen the standoff in between Moscow and Ankara.

But aides to Putin say he is incandescent that Turkish President Tayyip Erdogan has however to apologize for the Nov. 24 incident close to the Syrian-Turkish border in which 1 Russian pilot was killed along with a Russian marine who attempted to rescue the crew of the downed SU-24 jet.

Senior Russian officials have named the episode, 1 of the most significant publicly acknowledged clashes in between a NATO member nation and Russia for half a century, a pre-planned provocation.

Erdogan has been equally robust. He has mentioned Turkey will not apologize for downing the jet, saying Ankara was completely inside its rights to defend its air space. On Saturday, he appeared to soften his rhetoric a little, saying the episode had saddened him.

Putin’s spokesman suggested the Russian leader was ready for a long standoff even so, saying he was “totally mobilized” to tackle what he regarded as an unprecedented threat from Turkey.

NATIONAL Safety

The decree, posted on the Kremlin’s website, spoke of the need to have to defend Russia’s national safety and Russian citizens “from criminal and other illegal activities”.

In it, Putin ordered the government to prepare a list of goods, firms and jobs that would be affected. Some of the measures announced have currently been informally introduced.

The government is anticipated to publish the list of banned imports on Monday, Interfax news agency reported, citing a government source. The list is most likely to consist of meals and some other products, a second government supply stated.

Turkey mainly sells meals, agricultural merchandise and textiles to Moscow and is also one of the most well-known vacation destinations for Russians. Peskov, Putin’s spokesman, mentioned he believed up to 200,000 Turkish citizens could be on Russian soil.

Putin signed the decree days prior to a climate adjust summit in Paris. Erdogan mentioned earlier on Saturday it could be a opportunity to repair relations with Moscow.

“Confrontation will not bring anyone happiness. As significantly as Russia is crucial for Turkey, Turkey is crucial for Russia,” Erdogan mentioned in a televised speech in the western city of Baliksehir.

Peskov said Putin was aware of a Turkish request for him to meet Erdogan on the sidelines of the Paris conference but gave no indication of whether or not such a meeting would take place.

He referred to as the behavior of the Turkish air force “absolute madness” and mentioned Ankara’s subsequent handling of the crisis had reminded him of the “theater of the absurd.”

“Nobody has the right to traitorously shoot down a Russian plane from behind,” Peskov told Russia’s “News on Saturday” Tv system, calling Turkish evidence purporting to show the Russian jet had violated Turkish air space “cartoons”.

Turkey’s foreign ministry advised people on Saturday to postpone all non-urgent travel to Russia.

Peskov, according to the TASS news agency, also spoke on Saturday of how Erdogan’s son had a “certain interest” in the oil market. Putin has stated oil from Syrian territory controlled by Islamic State militants is finding its way to Turkey.

Erdogan has spoken of slander and asked anyone making such accusations to back up their words with proof.

(Additional reporting by Yesim Dikmen in Istanbul, Tulay Karadeniz and Dasha Afanasieva in Ankara, Orhan Coskun and Humeyra Pamuk Editing by Dominic Evans and Susan Thomas)

Sabung Ayam On the internet

Congo president urges national dialogue before elections

KINSHASA Democratic Republic of Congo President Joseph Kabila created a long-anticipated public contact on Saturday for a national dialogue to prepare for elections subsequent year, an idea regarded with suspicion by his opponents.

A successful presidential election in 2016 would mark Congo’s 1st-ever peaceful transition of energy right after decades of autocratic rule and civil conflict since independence from Belgium in 1960.

In an address to the nation, Kabila announced the creation of a preparatory committee but did not specify who would serve on it, nor when the dialogue itself would begin.

“I have decided on this day to convoke an inclusive national political dialogue and the subsequent implementation of a preparatory committee to address all aspects linked to its organization,” Kabila stated in a pre-recorded speech aired on state-run tv on Saturday evening.

The concept of a national dialogue has been praised by the ruling majority as critical to ensuring that upcoming elections go smoothly but dismissed by most opponents as portion of a method by Kabila to hang onto power beyond the finish of his second and final mandate subsequent year.

Possessing taken power in 2001 soon after the assassination of his father, President Laurent Kabila, and won disputed elections in 2006 and 2011, he is barred by the constitution from standing for a third term.

INTERNATIONAL MEDIATOR

Congo’s election commission initially scheduled much more than a half-dozen neighborhood, provincial and national elections starting in October and culminating in presidential and legislative elections on Nov. 27, 2016.

But elections for nearby councillors and provincial deputies failed to take place final month soon after the constitutional court ruled that budgetary and logistical constraints had created the current calendar untenable.

Kabila mentioned that those issues and Congo’s history of polls marred by contested results and post-election violence created an inclusive dialogue vital.

“It is through a responsible consensus that we will be able to give the relaunch of our electoral procedure a likelihood,” he added.

Kabila also stated he would accept the participation of an international mediator, a situation set by Congo’s biggest opposition party, the Union for Democracy and Social Progress (UDPS).

Most of Congo’s opposition parties, nonetheless, have vowed not to participate in the dialogue. They suspect that the dialogue will be utilised to permit Kabila to stay in energy beyond 2016 by delaying elections or installing a power-sharing government.

Kabila has refused to comment publicly on his political future. A spokesman says he intends to respect the constitution, despite the fact that allies have recently recommended delaying elections by up to 4 years to clean up voter rolls.

(Reporting by Aaron Ross Editing by Emma Farge and Mark Trevelyan)

Bandar Sabung Ayam

EU wants to give national privacy regulators more clout in new U.S. information pact

* EU, U.S. negotiating new transatlantic information pact

* Leading EU court struck down previous pact on privacy issues

* EU desires to wrap up talks by finish of January

By Julia Fioretti

BRUSSELS, Nov 27 The European Union wants to boost the power of the bloc’s national privacy regulators in policing a planned new EU-U.S. data pact after the earlier one particular was struck down by a leading EU court on concerns about mass U.S. surveillance.

Brussels and Washington are locked in negotiations to forge a new framework enabling data transfers from Europe to the United States, which are otherwise topic to cumbersome and lengthy legal processes beneath EU data protection law.

The previous pact, recognized as Protected Harbour and utilised by over four,000 U.S. and European businesses, was declared invalid by the European Court of Justice in October simply because U.S. national security needs trumped the privacy of Europeans’ data.

To address the court’s concerns, particularly that Europeans do not have legal channels to challenge misuse of their information, the Commission is looking for approaches to involve European privacy watchdogs more deeply, according to three folks familiar with the matter.

The U.S. Federal Trade Commission (FTC) was responsible for monitoring companies’ compliance with the Protected Harbour privacy principles, despite the fact that it does not deal with complaints from folks.

A larger role for European watchdogs would allow citizens to complain straight to their national authorities, the sources said.

A equivalent mechanism existed in the old Protected Harbour framework for human resources data which are often sensitive.

U.S. companies handling Europeans’ human sources information had to commit to cooperating with European data protection authorities in case of complaint.

“That is one situation to play around with,” said 1 of the men and women on condition of anonymity.

However, there is no agreement however and differences remain over how the European regulators would cooperate with the FTC to keep away from giving the EU extraterritorial powers.

The European Commission and the U.S. Mission to the EU declined comment.

The Safe Harbour method permitted organizations to self-certify that they complied with EU privacy law when transferring EU citizens’ individual information to nations deemed to have insufficient safeguards, which include the United States.

Both U.S. and EU firms shuffle personal information across the Atlantic on a daily basis, no matter whether employee information for multinationals or user information collected by world wide web businesses for use in the billion-dollar on the web advertising industry.

But the program came below strain in 2013 after former U.S. National Safety Agency contractor Edward Snowden leaked particulars of U.S. government spying programmes.

Brussels has committed to wrapping up the talks by the finish of January but is looking for additional guarantees from Washington that U.S. authorities will not access Europeans’ information on a wholesale basis, anything that has drawn out the negotiations. (Editing by Adrian Croft julia.fioretti@thomsonreuters.com)

Bandar Sabung Ayam

Agen Sabung Ayam – Join the Debate: How Should We Balance Civil Liberties and National Security?

Agen Sabung Ayam

Photo

Enhanced security in front of the Louvre museum in Paris on Monday. Credit Tomas Munita for The New York Occasions

The deadly terrorist attacks in Paris final week have reignited a debate in a lot of the globe on the balance in between civil liberties and national safety.

We selected seven readers who left comments related to this subject on Instances articles and who represent a range of viewpoints and backgrounds. The following segments are primarily based on these comments and follow-up interviews. They have been condensed and edited.

Please add your own views by leaving a comment. Inform us how you wrestle with this debate, and how, if at all, the attacks in Paris changed your views. Please contain where you reside and data on your background or life experiences that might have influenced your opinion.

A Threat From â??Radicalized Muslim Citizensâ??

Rajeev Achari, 53 â?? A doctor who was raised in Calcutta and lives in Phoenix. He was operating as an emergency area medical professional in Brooklyn on Sept. 11, 2001. He now identifies as an atheist.

â??The greatest terrorist threat to European and American cities comes from radicalized Muslim citizens. The Islamic State needs to be defeated in time, but the main effort needs to be in intelligence gathering. The French and Belgian intelligence organizations appear to have been caught with their pants down. A a lot much more robust monitoring of mosques, Muslim neighborhood centers and donor networks is required. If this calls for suspension of civil liberties, that bitter pill demands to be swallowed.

â??I have formed my views on religion and particularly on religious fundamentalists a lot by what occurred on 9/11. Now that this occurred in Paris, the feeling of a sense of shock is repeated. This type of brings back those memories. You really feel anew the feelings of loss, of sadness.â?

â??A Quick Road to Tyrannyâ??

Roger Schwarz, 65 â?? A criminal lawyer in New York City. His grandmother was killed at Auschwitz throughout Globe War II, and the rest of his loved ones had to leave Germany and emigrate to the United States.

â??As a lawyer, I recommend that amending or abrogating a constitution in the name of fighting terrorism is one of the greatest threats to a free society â?? practically as great as terrorism itself. When we permit higher government intrusion into our privacy, broader searches and fewer procedural safeguards, we travel on a short road to tyranny.

â??Elected representatives lack the courage and fortitude to reside up to their oaths to preserve and protect the constitution and supply only shortsighted, get-challenging rhetoric to fan the flames of fear. This is the greatest toll that the terrorists precise on all of us.

â??We know from previous history, like in Germany in the 1930s and 1940s, what happens when you suspend the constitution â?? the tremendous threat that poses to the complete nation in the longer term.

â??I consider the framers drafted the Constitution with fantastic wisdom, and I believe there is usually a risk at times like this when folks are fearful. It is specifically when we have to be most vigilant about safeguarding and defending the Constitution.â?

â??Vengeance Felt Extremely Good to Meâ??

â??Lilouâ? â?? An American from Santa Monica, Calif., who comments beneath that name. She lives in Paris, where she teaches English. She lives about 5 miles from the Bataclan concert hall, exactly where 89 folks have been killed. She stated that she was in California on Sept. 11, and she didnâ??t feel the exact same sadness and anger as she did following the attacks in Paris.

â??My beliefs have moved toward the right given that Friday. I feel having one thing in your own backyard tends to make a distinction.

â??I do think the Islamic State, or Daesh, has been an insidious enemy all along, and have written that they ought to be stopped. But I never, until now, advocated the extremely unpolitically appropriate view of military retaliation (versus negotiation).

â??I was extremely satisfied when France sent their jets. The vengeance felt quite very good to me. The notion of killing innocent civilians has never appealed to me. It is very bizarre for me to all of a sudden, following the events in Paris Friday night, be pleased that an individual went and bombed Syria. I know that civilians died, so within my happiness is some guilt. But I am not unhappy that we took a measure against Syria and really Daesh.

â??While I preferred the Middle Eastern immigrant surge be limited to just these fleeing for their lives, primarily based on price and quality-of-life factors, now there are such numbers of immigrants flowing by way of to Germany, that there is not sufficient border patrol staff to procedure their asylum applications.

â??After a Syrian passport was discovered with one of the suicide bombers at the Stade de France, it created me modify my mind about the refugees. I have Muslim pals and clientele who are not extremist, and I did not take seriously that the refugees could harbor jihadists. I was wrong.

â??As to deportation or house arrest of suspected terrorists, I have developed yet another extremely politically incorrect point of view, that is, selectively monitoring suspected terrorists â?? not everyone. Each and every nation has a list of suspects, which I now think must be acted on.â?

â??Let Us Not Blame European Muslimsâ??

Ghulam Faruki, 81 â?? A retired psychiatrist from Ahmedabad, India, who lives in Queensbury, N.Y. He emigrated to the United States in 1964 for its far better operating situations, employment opportunities and lack of discrimination against Muslims. â??In 1964 there was no anti-Muslim discrimination in the United States,â? he said. â??9/11 did adjust a lot of factors.â?

â??Let us not blame European Muslims for what are basically failures of French intelligence.

â??I do not imply to criticize or blame French intelligence. It is just a reality that the intelligence failed.

â??When this incident occurred, the Muslim community has to go through a lot connected to how are we are looked upon. Men and women are criticizing us, folks are blaming us. The Muslim community, each in the United States and in Europe, has to go by means of a period of pressure since these issues take place â?? which is not their fault at all.â?

â??Focus Our Consideration on the Actual Enemiesâ??

Valerie Natale, 50 â?? A biomedical scientist who lives in Santa Clara, Calif., and has a degree in history.

â??Better, focused intelligence is what we need, not wholesale spying on everyone from Joe the Plumber to Angela Merkel. We need to have to concentrate our attention on the actual enemies, not the imagined ones like ordinary Americans, allies, and even Saddam Hussein. The lies, the overly broad wiretapping, and the wars in the wrong areas have all helped get us where we are.

â??What we want to do now is to assess our blunders honestly so as to avoid generating them again and once again, so as to locate a way out of this mess. Bomb a city, and you create a recruiting drive. Target the leaders, and you do absolutely everyone a favor.

â??I try to react making use of logic and rational believed rather than emotions. I recognize it â?? you get hurt and you want to lash out. It is O.K. to feel that way, but I donâ??t consider it is a good idea to then go act on these feelings.

â??Hard Queries for François Hollandeâ??

â??Vieillemontagne,â? 50 â?? A Frenchman living in Britain who comments under that deal with. He criticized the French president, François Hollande, for his handling of the terrorism threat.

â??The tough questions for François Hollande are going to be: Why didnâ??t he take some of these initiatives at the starting of the year, soon after the terrorist attack on the satirical newspaper Charlie Hebdo? Why didnâ??t he take them when it became clear, a handful of months ago, as he now says, that some huge terrorist attacks have been becoming ready?

â??We have to continue to reside, but to do this, we have to be convinced that governments have their act collectively and that there are no inefficiencies.

â??Good of Several Have to Outweigh Individual Freedom of Fewâ??

â??GMR,â? 62 â?? A paralegal living in Atlanta who comments under those initials.

Rather than taking away freedoms from the overwhelmingly compliant masses of citizens, why donâ??t we focus on the noncompliant minority, for example those who travel to Syria for radicalization. And in an emergency state, which France is declared to be in, we ought to revoke their French citizenship when they leave for a single of those countries with no prior approval from the government.

I donâ??t feel it is unreasonable to ask citizens who seek to travel to war-torn countries for personal reasons to justify such factors in advance. If a single doesnâ??t have evil intentions, this must not be a dilemma.

I believe the foremost job of a national government is to protect its citizens. The excellent of the several should outweigh the individual freedom of the few to advance their religious or other private agenda when these couple of are looking for to do harm to fellow citizens.

A handful of freedoms of expression or individual freedoms may possibly have to be suspended in an interim period when there are grave things going on. It is for the frequent great in an intense predicament.

Please join this debate by sharing your views in the comments. (iPhone and iPad app users can leave comments