Showing posts with label THE NEW YORK TIMES. Show all posts
Showing posts with label THE NEW YORK TIMES. Show all posts

Tuesday, June 25, 2013

DTN News - CHINA NEWS: As Markets Gyrate, China’s Central Bank Tries to Allay Concern on Tight Credit

DTN News - CHINA NEWS: As Markets Gyrate, China’s Central Bank Tries to Allay Concern on Tight Credit

(NSI News Source Info) TORONTO, Canada - June 25, 2013: HONG KONG — The Chinese central bank reassured investors worried about a lingering credit squeeze and declared that it had already been selectively supporting bank liquidity, as Chinese stock markets swung wildly again Tuesday after several days of volatility.

The central bank, People’s Bank of China, eager to rein in soaring lending growth and financial risk, initially refrained from intervening as bank-to-bank interest rates soared last week, but then apparently released more money for lenders. Uncertainty over the central bank’s position produced wide trading swings Tuesday, with the main Chinese stock indexes dropping to their lowest levels since early 2009 before recovering most of the day’s losses near the end of trading.

The Shanghai composite index, which tumbled 5.3 percent Monday, slumped more than 5 percent again by early afternoon Tuesday. It recovered almost all of those losses to close down 0.2 percent. The index’s total decline since a peak in early February has been nearly 20 percent.

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.ca/2013/06/dtn-news-china-news-as-markets-gyrate.html

Saturday, January 19, 2013

DTN News - DISPUTED EAST CHINA SEA REGION SENKAKU / DIAOYU ISLANDS: As Dispute Over Islands Escalates, Japan And China Send Fighter Jets To The Scene

DTN News - DISPUTED EAST CHINA SEA REGION SENKAKU / DIAOYU ISLANDS: As Dispute Over Islands Escalates, Japan And China Send Fighter Jets To The Scene

(NSI News Source Info) TORONTO, Canada - January 19, 2013:  China has overtaken Japan as the world's second-biggest economy and becoming a furious dragon with its newly acquired militarily and financially might by adding large numbers of warships, submarines, fighter jets to its offensive arsenal.

China has territorial disputes with most of its neighboring countries as far flung  Arunachal Pradesh, India.,  with Japan in the East China Sea and with Vietnam and the Philippines in the South China Sea. 

China should be aware by flexing its military muscle and bullying its neighbors, can have an  adverse effect  being surrounded by anti-China and unfriendly neighbors would eventually effect its economic and financial progress creating havoc in its society and the world has witnessed the break-up of Soviet Union and hoping the same is not being replayed. By DTN News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.ca/2013/01/dtn-news-disputed-east-china-sea-region_19.html

Monday, April 23, 2012

DTN News - DEFENSE NEWS: Chinese Firm Suspected In Missile-Linked Sale To North Korea According To U.S. official

DTN News - DEFENSE NEWS: Chinese Firm Suspected In Missile-Linked Sale To North Korea According To U.S. official

(NSI News Source Info) TORONTO, Canada - April 23, 2012: The United States believes a Chinese firm sold North Korea components for a missile transporter showcased in a recent military parade and will press Beijing to tighten enforcement of a U.N. ban on such military sales, a U.S. official said on Saturday.

The Obama administration suspects the Chinese manufacturer sold the chassis - not the entire vehicle - and may have believed it was for civilian purposes, which means it would not be an intentional violation of U.N. sanctions, the senior official said.

But such a sale - coming to light amid tensions over a failed North Korean rocket launch earlier this month - raises concerns in Washington on whether China is making enough of an effort to abide by the prohibition on weapons sales to Pyongyang.

The New York Times first reported on U.S. findings about the origin of parts of the transporter launcher system - essentially a large truck on top of which a missile is mounted - displayed in a parade in Pyongyang on Sunday.

The newspaper said the administration suspected the Chinese manufacturer involved in the transaction was Hubei Sanjiang. The official, who confirmed details of the administration's thinking on the matter, said the firm likely sold the part to a front company that was used to mask the buyer's true identity.

Beijing, reclusive North Korea's only major ally, has denied it has broken any rules, although a modern, eight-axle missile transporter spotted in the military parade to celebrate the founder of North Korea was said by some western military experts to be of Chinese design and possibly origin.

Sunday, December 25, 2011

DTN News: Afghanistan Top Stories / Headlines News Dated December 25, 2011

DTN News: Afghanistan Top Stories / Headlines News Dated December 25, 2011
 
(NSI News Source Info) TORONTO, Canada - December 25, 2011: Comprehensive daily news related to Afghanistanfor the world of TODAY.

*Comprehensive daily news related to Afghanistan Top Stories / Headlines News for the world of TODAY.

 25 Killed By Suicide Bomber In Taluqan City, Capital Of Takhar Province
*Suicide Bomber Strikes Funeral in Northern Afghanistan

 A suicide bomber struck a funeral in northern Afghanistan on Sunday, killing at least 20 people, a government spokesman said, in what appeared to be the Taliban’s latest strike against Afghans who have ties to the national government.

Among those killed in the bombing, which occurred in Takhar Province in northern Afghanistan, was a member of Parliament, Abdul Mutaleb Baik, as well as member of the provincial council, according to a spokesman for the provincial government. A number of Afghan intelligence agents and lower-level government officials were also thought to be among the dead.

The bombing took place shortly after 2 p.m. in the village of Begabad, with the attacker wading into a crowd of mourners and detonating the explosives, said the spokesman, Muhammad Tauhidi. Mr. Tauhidi put the death toll at 30, while the Interior Ministry said that more than 20 had been killed.

A number of officials and elders were attending the funeral, which was for the father of the chief of the provincial fire department, said Mualavi Muhammadullah Wursaji, the head of Takhar’s provincial council.

Neither the Taliban nor any of Afghanistan’s other insurgent groups immediately claimed responsibility for the bombing. But suspicion quickly fell on the Taliban or its allies, who often target Afghan government officials and people close to them. In September, a suicide bomber, also believed to be a Taliban insurgent, killed Burhanuddin Rabbani, the leader of Afghanistan’s High Peace Council and a former president.

Saturday, November 12, 2011

DTN News - MORO ISLAMIC LIBERATION FRONT: Philippine Troops Seize Rebel Camp In Fierce Attack

DTN News - MORO ISLAMIC LIBERATION FRONT: Philippine Troops Seize Rebel Camp In Fierce Attack

(NSI News Source Info) TORONTO, Canada - November 11, 2011: Philippine troops Thursday scoured the grisly remains of a heavily fortified encampment that they seized in search of a breakaway group of rebels.

“Blood is everywhere,” said Lt. Gen. Raymundo B. Ferrer in a text message from the encampment. “The safe haven of kidnapping operations and terrorist activities in Zamboanga Sibugay has fallen.”

The seizure of the camp on the western coast of the southern Philippine island of Mindanao was the culmination of a three-day police and military operation against what officials say is a breakaway group of the Moro Islamic Liberation Front, a long-established Muslim separatist organization in the southern Philippines.

The attack, by all accounts, was fierce. The Philippine Air Force launched airstrikes against the encampment, which was defended by land mines and two .50-caliber machine guns. Two soldiers and at least 15 rebels were killed in the operation, which resulted in the evacuation of more than 19,000 civilians, government officials said.

“We could see the planes dropping bombs,” said Imelda Laquio, a resident of nearby Olutanga Island. “The bombs were shaking our house. My children were terrified. We have never had an experience like that before.”

Ms. Laquio, who was contacted at a relative’s house away from the fighting, said she fled the area with her husband and two young daughters because of rumors that the rebels might hide on the island.

“There was no military protection for us if the rebels came,” she said. “There was only the local police.”

The attack on the rebels came after clashes on Oct. 18 that left 19 special forces soldiers dead, and an ambush on Oct. 20 in which 4 police officers and 4 soldiers were killed. Though both incidents were linked to Muslim rebels, a military spokesman denied that the recent military assault and airstrikes were in retaliation.

“The police on Oct. 15 attempted to execute an arrest warrant in that area, and they were met with gunfire,” Lt. Col. Randolph Cabangbang, a military spokesman, said by telephone. “The police sought the assistance of the military.”

Many media commentators and opposition politicians have questioned the motivation behind the raid, which came at a sensitive time for the government. An uneasy cease-fire has been in place since 2003 between the government and the rebels. President Benigno S. Aquino III has met with senior leaders of the organization in an attempt to broker a long-term peace deal that would grant a degree of autonomy to Muslim areas in the south of the Philippines, a predominantly Roman Catholic country.

The Muslim rebels have said its forces were not behind the two attacks that led to the military raid, and the Philippine military has been careful to state that the group it assaulted was a breakaway faction not under the control of the organization’s central leadership.

“We have crafted a deliberate and calibrated response,” said Gen. Eduardo Oban Jr., the chief of staff of the Philippine armed forces, at a news briefing in Manila during the fighting.

Mr. Aquino is walking a fine line between appeasing a restive military that lost 23 personnel in those two attacks — including highly trained, elite fighters — and pursuing his stated goal of achieving a lasting peace in Mindanao.

“We will not pursue all-out war,” he said shortly after operations began. “We will pursue all-out justice.”

The rebel attacks and military raid took place as the Philippines held joint military training exercises with the United States. Since Oct. 17, about 2,000 U.S. marines have been conducting mock beach assaults with the Philippine military on the northern island of Luzon.

U.S. troops were far from the fighting in the south, and when asked whether there was any involvement by the U.S. military in the operations in Mindanao, Colonel Cabangbang said there was not.

Although he acknowledged that U.S. military advisers were operating in Mindanao, he said there was no need to involve them in the operation. “This was a law enforcement action,” he said. “And besides, they don’t know the area where the operation was conducted.”

Colonel Cabangbang said the Philippine military assault on the rebel encampment took place near the small town of Payao. The only access point to attack was a slim peninsula fortified with land mines and .50-caliber gun placements. The airstrikes were used to clear the entrance in order for land forces to launch an assault, he said.

He noted that most of the more than 100 rebels in the area probably escaped via small rivers that run through mangroves. Their leader, the renegade commander Waning Abdusalam, who was a principal target of the operation, also escaped. Mr. Abdusalam, the military spokesman said, has been implicated in the 2007 kidnapping of an Italian missionary, the Rev. Giancarlo Bossi, as well as other crimes. Father Bossi was later released.

DTN News - MORO ISLAMIC LIBERATION FRONT: Philippine Troops Seize Rebel Camp In Fierce Attack

DTN News - MORO ISLAMIC LIBERATION FRONT: Philippine Troops Seize Rebel Camp In Fierce Attack

(NSI News Source Info) TORONTO, Canada - November 11, 2011: Philippine troops Thursday scoured the grisly remains of a heavily fortified encampment that they seized in search of a breakaway group of rebels.

“Blood is everywhere,” said Lt. Gen. Raymundo B. Ferrer in a text message from the encampment. “The safe haven of kidnapping operations and terrorist activities in Zamboanga Sibugay has fallen.”

The seizure of the camp on the western coast of the southern Philippine island of Mindanao was the culmination of a three-day police and military operation against what officials say is a breakaway group of the Moro Islamic Liberation Front, a long-established Muslim separatist organization in the southern Philippines.

The attack, by all accounts, was fierce. The Philippine Air Force launched airstrikes against the encampment, which was defended by land mines and two .50-caliber machine guns. Two soldiers and at least 15 rebels were killed in the operation, which resulted in the evacuation of more than 19,000 civilians, government officials said.

“We could see the planes dropping bombs,” said Imelda Laquio, a resident of nearby Olutanga Island. “The bombs were shaking our house. My children were terrified. We have never had an experience like that before.”

Ms. Laquio, who was contacted at a relative’s house away from the fighting, said she fled the area with her husband and two young daughters because of rumors that the rebels might hide on the island.

“There was no military protection for us if the rebels came,” she said. “There was only the local police.”

The attack on the rebels came after clashes on Oct. 18 that left 19 special forces soldiers dead, and an ambush on Oct. 20 in which 4 police officers and 4 soldiers were killed. Though both incidents were linked to Muslim rebels, a military spokesman denied that the recent military assault and airstrikes were in retaliation.

“The police on Oct. 15 attempted to execute an arrest warrant in that area, and they were met with gunfire,” Lt. Col. Randolph Cabangbang, a military spokesman, said by telephone. “The police sought the assistance of the military.”

Many media commentators and opposition politicians have questioned the motivation behind the raid, which came at a sensitive time for the government. An uneasy cease-fire has been in place since 2003 between the government and the rebels. President Benigno S. Aquino III has met with senior leaders of the organization in an attempt to broker a long-term peace deal that would grant a degree of autonomy to Muslim areas in the south of the Philippines, a predominantly Roman Catholic country.

The Muslim rebels have said its forces were not behind the two attacks that led to the military raid, and the Philippine military has been careful to state that the group it assaulted was a breakaway faction not under the control of the organization’s central leadership.

“We have crafted a deliberate and calibrated response,” said Gen. Eduardo Oban Jr., the chief of staff of the Philippine armed forces, at a news briefing in Manila during the fighting.

Mr. Aquino is walking a fine line between appeasing a restive military that lost 23 personnel in those two attacks — including highly trained, elite fighters — and pursuing his stated goal of achieving a lasting peace in Mindanao.

“We will not pursue all-out war,” he said shortly after operations began. “We will pursue all-out justice.”

The rebel attacks and military raid took place as the Philippines held joint military training exercises with the United States. Since Oct. 17, about 2,000 U.S. marines have been conducting mock beach assaults with the Philippine military on the northern island of Luzon.

U.S. troops were far from the fighting in the south, and when asked whether there was any involvement by the U.S. military in the operations in Mindanao, Colonel Cabangbang said there was not.

Although he acknowledged that U.S. military advisers were operating in Mindanao, he said there was no need to involve them in the operation. “This was a law enforcement action,” he said. “And besides, they don’t know the area where the operation was conducted.”

Colonel Cabangbang said the Philippine military assault on the rebel encampment took place near the small town of Payao. The only access point to attack was a slim peninsula fortified with land mines and .50-caliber gun placements. The airstrikes were used to clear the entrance in order for land forces to launch an assault, he said.

He noted that most of the more than 100 rebels in the area probably escaped via small rivers that run through mangroves. Their leader, the renegade commander Waning Abdusalam, who was a principal target of the operation, also escaped. Mr. Abdusalam, the military spokesman said, has been implicated in the 2007 kidnapping of an Italian missionary, the Rev. Giancarlo Bossi, as well as other crimes. Father Bossi was later released.