Tag Archives: United State

Foreign minister says Russia would back North Korea talks in Geneva

Russian Foreign Minister Sergey Lavrov said Friday his nation would welcome a fresh round of talks on Swiss soil over North Korea‘s nuclear program, if all the parties were to agree.

Flanked by his Swiss counterpart at a news conference, Lavrov supported renewed talks in Geneva, if Pyongyang were to agree to hold discussions with Russia, Japan, South Korea, the United States and China.

But both officials made clear there was no such general agreement.

“If we can re-establish that, Russia would, of course, support it,” Lavrov, who spoke in Russian, said in response to a question.

North Korea agreed in principle in 2005 to scrap its nuclear program, including a presumed small stockpile of weapons, in return for aid and diplomatic incentives from other members of the six-party talks. But Pyongyang walked out of talks in 2009 and later conducted more nuclear tests.

Recently, North Korea warned it has weapons “on standby” and aimed at its foes if provoked, but has not revealed specific plans to fire a missile or carry out another nuclear test.

Swiss Foreign Minister Didier Burkhalter, who spoke in French, said his nation had offered to host such talks “but, of course, that should be agreed by all parties and that is not the case at the moment.”

Switzerland also has offered to attempt to defuse the crisis on the Korean Peninsula by mediating between the United States and North Korea. Switzerland and Sweden help monitor the demilitarized zone that was created after the Korean War ended in 1953, with an armistice, not a peace treaty, leaving the peninsula still technically at war.

Switzerland brokers relations between the U.S. and Iran, and is home to the U.N.’s European headquarters in Geneva, where peace talks and other negotiations are held regularly.

North Korean ruler Kim Jong Un reportedly attended school for several years in Switzerland, which also has maintained a humanitarian aid office in North Korea.

On Syria, Lavrov said Russia would support an international war crimes prosecution — eventually.

“Without any doubt, this aspect must be taken into account in this complex process, in the search for a final settlement for the future of national reconciliation in Syria,” he said. “But at this stage, I think the first priority is to end the violence as fast as possible to avoid more civilian deaths.”

Russia has been Syrian President Bashar Assad‘s staunch ally, supplying Damascus with weapons and shielding the regime from tougher U.N. sanctions.

“And these calls for not allowing impunity are totally correct,” Lavrov added, “but what I notice is that certain people try to use that to slow down discussions and have the reconciliation process canceled, which will only lead to more deaths.”

Lavrov also warned the United State against naming Russians accused of human rights abuses, who are to be targeted for U.S. financial sanctions and visa bans under a new law dubbed the Magnitsky Act. The law was named for Russian lawyer Sergei Magnitsky, who was arrested in 2008 for tax evasion after accusing Russian police officials of stealing $230 million in tax rebates.

Magnitsky was

From: http://feeds.foxnews.com/~r/foxnews/world/~3/kMzDyyvsk9k/

America De Cali, Colombian Soccer Team, Removed From U.S. Treasury’s SDN List

By The Huffington Post News Editors

Lance Armstrong and Barry Bonds have got nothing on Colombia’s America de Cali soccer team.

EPO and human growth hormones are child’s play compared to the Cali squad, which has been on the United State’s list of Specially Designated Nationals and Blocked Persons (SDN List) since 1999, after the U.S. claimed the team was under the ownership of Cali drug cartel leaders Miguel and Gilberto Rodriguez Orejuela.

While Toronto Blue Jays’ outfielder Melky Cabrera’s suspension and redemption only lasted 50 games, America de Cali had to wait 14 seasons for their chance, as the U.S. Treasury Department finally removed Wednesday the team from SDN list.

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Source: FULL ARTICLE at Huffington Post

What's Behind the Rally in Solar Stocks

By 24/7 Wall St.

Solar rooftop installation

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Over the past three months, the poorest performing solar stock has increased by more about 53% and the best performing stock is up about 235%. So far, analysts’ price targets on the stocks have not kept pace, which indicates that either they are not convinced that this bull run has legs or they have missed the boat.

A number of factors are playing into the sharp gains for shares of SunPower Corp. (NASDAQ: SPWR), up 235%; First Solar Inc. (NASDAQ: FSLR), up 53%; Canadian Solar Inc. (NASDAQ: CSIQ), up about 143%; Suntech Power Holdings Co. Ltd. (NYSE: STP), up 99%; Trina Solar Ltd. (NYSE: TSL), up 116%, LDK Solar Co. Ltd. (NYSE: LDK), up 121%; and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE), up 152%. Two publicly traded solar installers, Real Goods Solar Inc. (NASDAQ: RSOL) and SolarCity Corp. (NASDAQ: SCTY), are up more than 100% and 50%, respectively, in the past three months. Even MEMC Electronic Materials Inc. (NYSE: WFR) is up 128%, and it only makes polysilicon.

One factor is the belief that polysilicon prices have hit bottom and will begin to rise again as demand from China, the United State and perhaps even Germany picks up. If this is true, then Chinese makers will have to take capacity permanently out of production to help bolster prices. That is problematic.

A second factor is legislation pending in the U.S. Congress that would grant renewable energy firms like solar producers, biofuels producers and others to convert their businesses to master limited partnerships (MLPs) or real-estate investment trusts (REITs). If the law is changed, renewable energy firms could see their cost of financing drop from around the 30% demanded by current tax equity schemes to around 10%.

Just a quick look at a few of the solar players illustrates the disconnect between share prices and analysts’ target prices. First Solar closed yesterday at $36.13, compared with a consensus price target of $26.45. SunPower closed at $13.39, versus a target of around $8.35. Even LDK closed near $2 a share, compared with a target of just over $1 a share.

Given that none of these solar players has a positive trailing P/E ratio, and only a few have positive forward multiples, perhaps analysts are just being cautious about the new wave of enthusiasm for solar stocks. It remains to be seen if investor enthusiasm will pull the analysts along with it or whether the lagging price targets have remained low for a reason. Now, though, it is clear that the market is way ahead of the analysts.

Filed under: 24/7 Wall St. Wire, Alternative Energy, Analyst Calls, China, Green Biz, International Markets, Technology Companies Tagged: CSIQ, FSLR, LDK, RSOL, SCTY, SPWR, STP, TSL, WFR, YGE

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Source: FULL ARTICLE at DailyFinance

All-Star Weekend Highlights the NBA's International Brand Growth

By Alicia Jessop, Contributor The NBA is no longer merely an American brand.  In recent years, the league has made a concerted attempt to develop its brand outside of the United State‘s borders.  The NBA has done this by amongst other things, establishing league offices overseas, developing training facilities outside of the United States and supporting various goodwill initiatives globally.  The success of the NBA‘s efforts to turn the league into a global brand was apparent this weekend as over 312 international media members from 46 countries traveled to Houston to cover NBA All-Star 2013.  “The international fan interest in this year’s All-Star has been incredible and there is a tremendous amount of anticipation for tonight’s game,” said the NBA‘s senior vice president for international media distribution, Matt Brabants. …read more
Source: FULL ARTICLE at Forbes Latest