Tag Archives: ties

UPDATE 1-India to get Japan’s bullet train, deepens defence and nuclear ties

NEW DELHI Japan will provide $ 12 billion of soft loans to construct India’s first bullet train, the two nations announced during a go to by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a strategy for civil nuclear cooperation.

Relations have strengthened in between Asia’s second and third largest economies as Abe and Indian counterpart Narendra Modi seek to balance China’s rise as the dominant Asian power. Both males are nationalists who take pleasure in a individual friendship.

The deal to develop a high-speed train line amongst the monetary hub of Mumbai and the city of Ahmedabad offers Japan an early lead more than China, which is conducting feasibility research for higher speed trains on other components of India’s dilapidated rail network.

“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi mentioned in a speech.

Japan has presented a “very concessional loan” at an interest rate of .1 % price with repayment over 50 years and a moratorium for 15 years, Indian Foreign Secretary S. Jaishankar told a news conference.

India will be acquiring a Japanese higher-speed train technique, successfully with an export credit of $ 12 billion.

Under defence bargains announced on Saturday, the two sides will share technologies, equipment and military information, but the extended-awaited sale of Japanese aircraft in a deal worth about $ 1.1 billion was not concluded.

Similarly, although they agreed to operate towards cooperation in civil-nuclear technologies, they stopped short of signing an agreement, citing outstanding technical and legal variations.

Jaishankar did not cite a timeline for signing the final agreement with Japan.

Japan, the only country to have suffered a nuclear attack, has been demanding added non-proliferation guarantees from India prior to it exports nuclear reactors.

India and Japan have been negotiating a nuclear energy deal because Japan’s ally, the United States, opened the way for nuclear commerce with India despite its atomic bomb programme and shunning of the international Non-Proliferation Treaty (NPT).

A final deal with Japan would also benefit U.S. firms. India has already offered land for nuclear plants to GE-Hitachi – which is an alliance amongst the U.S. and Japanese firms – and to Toshiba’s Westinghouse Electric Business.

“The memorandum we signed on civil nuclear power cooperation is much more than just an agreement for commerce and clean energy, it is a shining symbol of a new level of mutual confidence and strategic partnership in the lead to of peaceful and secure planet,” Modi mentioned.

“I know the significance of this selection for Japan and I assure you that India deeply respects that selection and will honour our shared commitment,” Modi added.

In a joint statement the two prime ministers pointed out the South China Sea and “called upon all states to avoid unilateral actions that could lead to tensions in the region”.

China claims most of the South China Sea, through which more than $ five trillion in global trade passes each and every year. Vietnam, Malaysia, Brunei, the Philippines and Taiwan have rival claims.

New Delhi and Tokyo, each of which have territorial disputes with Beijing, have no claims in the waterway but be concerned about China’s growing military reach into sea lanes by way of which much of Japan’s shipborne trade passes. Abe and Modi named for freedom of navigation in international waters.

India and Japan have been holding talks for two years on the buy by India of US-2 amphibious aircraft created by ShinMaywa Industries, which would be 1 of Japan’s initial arms sales given that Abe lifted a 50-year ban on weapon exports.

Jaishankar mentioned a purchase of US-two was discussed in Saturday’s meeting and the “matter remains beneath consideration”.

(Editing by Frank Jack Daniel and Mark Heinrich)

India to get Japan’s bullet train, deepens defense and nuclear ties

NEW DELHI Japan will supply $ 12 billion of soft funding to construct India’s first bullet train, the two nations announced in the course of a check out by Japanese Prime Minister Shinzo Abe, that also yielded deeper defence ties and a strategy for civil nuclear cooperation.

Relations have strengthened in between Asia’s second and third largest economies as Abe and his Indian counterpart, Narendra Modi, seek to balance China’s rise as Asia’s dominant energy. Each males are nationalists who get pleasure from a individual friendship.

The deal to build a higher-speed train line in between the financial hub of Mumbai and Ahmedabad provides Japan an early lead over China, which is conducting feasibility studies for high speed trains on other parts of the Indian rail network.

“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said in a speech.

Under the defence bargains announced on Saturday, the two sides will share technology, gear and military info, but the extended-awaited sale of Japanese aircraft in a deal worth about $ 1.1 billion was not concluded.

Similarly, although they agreed to function towards cooperation in civil-nuclear technologies, they stopped short of signing an agreement, citing outstanding technical variations.

Japan, the only country to have suffered a nuclear attack, has been demanding extra non-proliferation guarantees from India prior to it exports nuclear reactors.

India and Japan have been negotiating a nuclear energy deal given that Japan’s ally, the United States, opened the way for nuclear commerce with India in spite of its weapons programme.

“The memorandum we signed on civil nuclear energy cooperation is a lot more than just an agreement for commerce and clean power, it is a shining symbol of a new level of mutual self-assurance and strategic partnership in the trigger of peaceful and secure planet,” Modi mentioned.

“I know the significance of this selection for Japan and I assure you that India deeply respects that decision and will honour our shared commitment,” Modi added.

India and Japan have been holding talks for two years on the acquire by India of US-two amphibious aircraft produced by ShinMaywa Industries, which would be a single of Japan’s first arms sales given that Abe lifted a 50-year ban on weapon exports.

(Editing by Frank Jack Daniel)

Agen Sabung Ayam

Scotiabank comfy with CONCACAF progress but reserves proper to end ties

TORONTO Dec 11 Canada’s Bank of Nova Scotia is comfortable with progress CONCACAF has made soon after pushing the regional soccer body to make several modifications but reserves the correct to pull its sponsorship if it does not see comprehensive transparency, a source familiar with the company’s thinking mentioned on Friday.

The comments come soon after the arrest final week of acting CONCACAF president Alfredo Hawit, and the Could arrest of former president Jeffrey Webb on corruption charges. CONCACAF controls soccer in the Caribbean, North America and Central America.

Considering that the 1st indictments, Scotiabank, as Canada’s No. three bank is recognized, has known as on CONCACAF to work with advisers, boost its monetary systems, disclose much more data and make modifications in its corporate governance practices, mentioned the source, who spoke on condition of anonymity simply because of the sensitivity of the matter.

“We cannot neglect the truth that they need to have to clean up their processes,” the source stated. “Organizationally, their turnaround is incomplete. They are nonetheless in the early days of the turnaround.”

Scotiabank is pushing CONCACAF to have audited financial statements, the supply said.

“Our point of view is very basic. It is nonnegotiable,” the source stated. “They want to be completely transparent about how they operate their company or we don’t want to be part of it.”

Scotiabank recognizes there are nonetheless numerous unknowns, the source stated, adding that “much more could come out.”

Yet another concern weighing on Scotiabank is reputational threat, which banks say are a big issue for them.

The Canadian lender revamped its sponsorship contract more than the summer time and eliminated advertising and marketing agency Traffic Sports USA from the new agreement, which includes only Scotiabank and CONCACAF.

Targeted traffic Sports’ president was among 14 marketing officials and executives from FIFA, the governing body of international soccer, who have been indicted in Could on bribery, income laundering and wire fraud charges.

“We are getting much more comfortable with that management process,” the source stated. “We think CONCACAF is moving in the right direction.”

Earlier this month, soccer bosses from across South and Central America have been amongst 16 individuals charged by the U.S. prosecutors with multimillion-dollar bribery schemes for advertising and broadcast rights.

The fresh charges will not place an finish to Scotiabank’s partnership with CONCACAF, the source said. “Our partnership with CONCACAF wasn’t compromised by the newest situation.”

A Scotiabank spokesman said the bank was ‘satisfied’ with the reforms underway at CONCACAF and had had no interactions with interim head Hawit. CONCACAF did not instantly respond to a request for comment.

Miami-primarily based CONCACAF has been operating with U.S. law firm Sidley Austin LLP and turnaround consulting firm Alvarez & Marsal to tackle the organizational and reputational challenges.

The next CONCACAF Congress will see a a lot more transparent, open voting approach, the supply stated.

(Reporting by John Tilak, Euan Rocha and Mica Rosenberg Editing by Diane Craft)

North, South Korean officials meet in fresh bid to increase ties

SEOUL Senior officials from North and South Korea met for talks on Friday to discuss enhancing ties and resuming cooperation projects, like cross-border tours, stalled amid tensions that have remained higher for practically six years.

South Korean Vice Unification Minister Hwang Boogi met with the North’s Jon Jong Su, a vice director of the Committee for the Peaceful Reunification of Korea, at the jointly-run Kaesong industrial zone a handful of miles north of their border.

The meeting was the very first forum for high-level discussions over a variety of issues following an agreement in August that ended an armed standoff involving an exchange of artillery fire across their border.

The North was expected to seek the resumption of cross-border tours from the South to its Mount Kumgang resort, a as soon as-lucrative source of money for the impoverished state that was suspended in 2008.

Seoul in turn was expected to try to get Pyongyang to agree to hold reunions of war-separated households on a normal basis, a best humanitarian priority for the South, where a lot more than 60,000 mostly elderly people are seeking for relatives in the North.

“Between South and North, there are several issues to go over and resolve. We will do our ideal to operate them out step by step,” Hwang, the chief South Korean delegate, told reporters prior to boarding a bus to cross a land border into Kaesong.

The rivals, technically nevertheless at war right after their 1950-53 conflict ended in a truce, not a treaty, had all but cut ties since early 2010, when a South Korean navy ship was sunk by a torpedo that Seoul stated was fired from a North Korean submarine. Pyongyang denies any involvement.

The talks come a day soon after North Korean leader Kim Jong Un appeared to claim that his country had developed a hydrogen bomb, which is much more effective than an atomic bomb, although authorities and U.S. and South Korean officials expressed doubt that the North has such capability.

Also on Thursday, the United Nations Security Council held its second meeting on human rights in North Korea, despite the objections of 4 nations such as China, its principal diplomatic and financial backer.

The agenda for Friday’s talks was “concerns that will improve ties” among the North and the South, according to the South Korean government. Inter-Korean ties are frequently measured in terms of industrial exchanges and joint projects.

The industrial zone in Kaesong, founded in 2002, is the last remaining major joint project to outcome from an earlier period of improved ties.

(Reporting by Ju-min Park and Jee Heun Kahng Writing by Jack Kim Editing by Tony Munroe and Michael Perry)

Agen Sabung Ayam

U.S. sanctions North Korea’s rocket command for ties to weapons program

Treasury also listed officials of previously sanctioned North Korean banks for activities tied to the North’s weapons proliferation activities, it stated.

The extra sanctions are developed to quit the North from evading existing U.S. and U.N. sanctions and avoid Pyongyang from accessing the U.S. economic technique, the Treasury Department said in a statement.

“As a outcome of today’s action, any property or interest in home of the designated persons in the possession of U.S. persons or within U.S. jurisdiction have to be frozen,” the statement said.

The extent of the entities’ monetary holdings held in the United States being targeted was not quickly clear.

Treasury said the Strategic Rocket Force was accountable for a series of ballistic missile launches in 2014 including two medium-range Rodong-class missiles in March final year.

The North is beneath a variety of U.N. Safety Council sanctions for its missile and nuclear tests, which ban trade and financing that help the country’s weapons programs and any tests that involve the use of ballistic missile technologies.

Six folks who are officials of the previously sanctioned Tanchon Commercial Bank and the Foreign Trade Bank were added to the sanctions list.

3 shipping firms with ties to a previously sanctioned firm involved in arms shipments were also added, Treasury said.

(Reporting by Jack Kim Editing by Stephen Coates)

Agen Sabung Ayam