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Posts Tagged ‘deal’

Hanoi, Beijing youths sign cooperation deal

In Uncategorized on January 12, 2011 at 7:04 am




Hanoi, Beijing youths sign cooperation deal


QĐND – Tuesday, January 11, 2011, 21:34 (GMT+7)

Youth unions of Hanoi and Beijing signed an agreement on bilateral cooperation for the 2011- 2013 period, following their talks in the Vietnamese capital city on Jan. 10.


Under the terms of the agreement, the two sides will join hands in training young activists and organising cultural exchanges, seminars on the youth union building work and voluntary activities.


As many as 50 young people from each country are expected to participate in annual exchanges in Hanoi and Beijing, where they will share experiences in youth work and strengthen their solidarity and friendship.


Later in the day, the delegation from the municipal Beijing Committee of the Communist Youth League of China was received by Ngo Thi Doan Thanh, Deputy Secretary of the Party Committee and Chairwoman of the People’s Council of Hanoi.


Thanh spoke highly of the exchanges and cooperation between the two cities’ youth unions, and expressed her hope that their relations would be developed to a new level.


Source: VNA


Source: QDND

U.N. chief offered Mugabe deal to step down: WikiLeaks

In Uncategorized on December 21, 2010 at 9:31 am

Former United Nations chief Kofi Annan offered Zimbabwean President Robert Mugabe a deal to step down and live in a safe haven, but the veteran leader rejected the offer, according to U.S. documents obtained by WikiLeaks.


A confidential document dated September 2000 showed that a source from Prime Minister Morgan Tsvangirai’s MDC party told U.S. officials in Harare the party had been told that Annan, the former U.N Secretary General Annan, had made the offer to Mugabe during a U.N. summit in New York.


The source said the MDC did not know the details of the deal, reported to it by a businessman, but that it likely guaranteed Mugabe a financial package from Libyan President Muammar Gaddafi and a safe haven, the cable showed.


“Kofi Annan, in the recent meeting in New York during the Millennium summit, offered Mugabe a deal to step down,” according to the document.


“The opposition party heard that Mugabe turned down the offer the following day after discussing it with the first lady.”

Zimbabwe’s President Robert Mugabe addresses a meeting of the ZANU-PF party in Mutare 275km east of the capital Harare, December 17, 2010.… Read more »

A spokeswoman for Annan declined to comment.


Mugabe has ruled Zimbabwe since independence in 1980 and although there has been talk of several plans to ease him from office in the last decade, the 86-year-old has rejected the idea, saying he would never live in exile.


According to another confidential U.S. cable published by WikiLeaks dated October 2009, a senior MDC official suggested that the U.S. should contribute to a fund to buy off security service chiefs.


Elton Mangoma, a senior member in the MDC and minister in the unity government, told U.S. officials that the military men were frustrating reform and did not want to leave office fearing that they had not made enough money and could be prosecuted.


“Mangoma asked for consideration of U.S. contribution to a ‘trust fund’ that could be used to negotiate the service chiefs’ retirement. He said he planned to approach the UK and Germany with the same request,” the documents said.


The service chiefs have in the past publicly backed Mugabe during elections, saying they would not acknowledge a leader who had not fought in the independence war, a reference to Tsvangirai.

Source: SGGP

US Congress passes contentious Obama tax deal

In Uncategorized on December 17, 2010 at 8:56 am

AFP file – US President Barack Obama

WASHINGTON (AFP) – US lawmakers gave final approval to President Barack Obama’s contentious deal with Republicans to avert a New Year’s tax hike and extend aid to the jobless, despite a Democratic rebellion.


A day after the Senate passed the package by an 81-19 margin, the House of Representatives followed suit 277-148, sending the measure to Obama to sign and reap a restorative bipartisan victory six weeks after an elections rout.


The 858-billion-dollar measure was expected to give the US economy a much-needed boost while digging the country’s deficit and debt deeper, as the world’s richest country emerges from the worst downturn since the 1930s.


Obama, seeking a restorative bipartisan victory six weeks after Republicans routed his Democrats in November 2 elections, had stressed the package extends middle-class tax cuts for two years and jobless benefits for 13 months.


But angry Democrats from the party’s left flank opposed the plan for including an identical extension for the richest sliver of US earners and rolling back the inheritance tax that affects only the wealthiest estates.


“This measure does not create a single job or stimulate the economy in any way,” said number-three Democratic Representative James Clyburn, who urged lawmakers to “restore some fairness to the tax code.”


Immediately prior to passage, which came shortly before midnight, lawmakers defeated a Democratic amendment to toughen the estate tax provisions in the package by a 194-233 margin.


The White House compromise sets the inheritance tax rate at 35 percent and exempts estates under five million dollars, compared to 45 percent and 3.5 million dollars in a House-passed bill earlier this year.


Obama — who campaigned on a vow to let tax cuts lapse on income over 250,000 dollars for families or 200,000 dollars for individuals — dropped that insistence after the elections and urged fellow Democrats to do the same.


Right after the Senate passed the plan, Obama called on skeptical Democrats in the House to pass the bill unchanged, in one of their last acts before Republicans take control of the chamber in January.


Republican House speaker-designate John Boehner said “failing to stop all the tax hikes would have destroyed more jobs and deepened the uncertainty in our economy” and called the bill “a good first step.”


“But much more needs to be done, including cutting spending, permanently eliminating the threat of job-killing tax hikes, and repealing the job-killing health care law,” he said.


At the same time, the US Senate forged ahead on Obama’s top foreign policy, the new Strategic Arms Reduction Treaty (START) with Russia, as Republicans worked to kill the nuclear arms control accord or at least put off a final vote until next year.


Top US military officials rebuffed Republicans charges that the pact will cripple US missile defense plans, as Democratic Senate Majority Leader Harry Reid set the stage for a likely ratification vote next week.


“We need START and we need it badly,” General James Cartwright, the vice chairman of the Joint Chiefs of Staff, told reporters, stressing the treaty included “no prohibitions to our ability to move forward in missile defense.”


“This treaty in no way limits anything we have in mind or want to do on missile defense,” agreed Defense Secretary Robert Gates. “I think that there were some legitimate concerns. But, frankly, I think they’ve been addressed.”


The agreement — which has the support of virtually every present and past US foreign policy or national security heavyweight — restricts each nation to a maximum of 1,550 deployed warheads, a cut of about 30 percent from a limit set in 2002, and 800 launchers and bombers.


The accord would also return US inspectors who have been unable to monitor Russia’s arsenal since the treaty’s predecessor lapsed in December 2009.


Obama won a critical victory when lawmakers voted 66-32 Wednesday to take up the pact, showing Democrats within striking distance of the 67 votes needed to ratify START if all 100 Senators are present.

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Source: SGGP

Irish lawmakers to vote on EU-IMF bailout deal

In Uncategorized on December 16, 2010 at 9:46 am

 Ireland’s parliament is set to back the country’s 85-billion-euro (113-billion-dollar) EU-IMF bailout later Wednesday, but it will be a close vote, a key independent lawmaker said.


Joe Behan, a former member of Prime Minister Brian Cowen’s Fianna Fail party, told AFP on Tuesday that he expected the vote to be “extremely tight.”


“It could be passed by just two votes,” added Behan.


The bailout deal for crisis-hit Ireland comprises 67.5 billion euros in external loans and guarantees from the European Union and International Monetary Fund, with another 17.5 billion euros from the Irish government.

Irish police guard the front gate of the Irish Parliament building (Dail) in Dublin, Ireland, on December 7, 2010.

Lawmakers will vote later Wednesday at the Dail, or lower house of parliament, amid stubborn market worries over the eurozone debt crisis.


Cowen’s parliamentary party has called for the vote to “add political legitimacy to the agreement and to force the opposition to take a definitive position on the matter.”


Behan, now an independent lawmaker in the Wicklow constituency south of Dublin, has backed the government’s budget measures and will be voting for the deal.


The lawmaker, who resigned from Fianna Fail in 2008, added that he was “very, very sceptical” that the opposition would be able to negotiate a better bailout deal if they got into power.


Cowen has said opposition parties were still trying to make the public believe that there was “an easy way out” of the country’s funding crisis.


The vote would give them the opportunity “to either come clean, recognise that this deal is essential and in the best interests of the country, or spell out their alternative,” he argued.


But Cowen’s personal standing has plummeted to just eight percent in the polls and support for his party is also down sharply: it is at 13 percent compared to the 42 percent backing it received in the 2007 general election.


Judging from the polls, it is facing a drubbing when the country holds elections again early next year.


Ireland’s opposition parties — who have already voted against the government’s annual 2011 budget — have said they will also reject the EU-IMF memorandum of understanding on the bailout.


Dr James Reilly, deputy leader of the main opposition Fine Gael party, described the decision to vote on the bailout as a “political stunt” to deflect attention from the dismal nature of the deal.


Fianna Fail had initially refused to hold a Dail vote on the deal, he said. “Now they can’t wait to have one. The only thing that has changed is Brian Cowen’s need to keep his restive backbenchers happy.


“Fine Gael has already made it quite clear that we regard the IMF-EU bailout package as a most incompetent piece of negotiation.


“It makes no sense for Fine Gael to support a vote on a bailout which we intend to renegotiate. Such a move would only weaken the ability of a Fine Gael Government to renegotiate the deal after an election,” Reilly said.


But government chief whip John Curran was confident the bailout will be endorsed with the help of independent lawmakers.

“Yes, I do believe that the government will have the numbers to pass this motion without the support of the opposition,” he said in a statement.

The IMF’s executive board has decided to delay consideration of the rescue plan for Ireland until after Wednesday’s vote.

Source: SGGP

Obama hopeful of deal to break Mideast deadlock Obama hopeful of deal to break Mideast deadlock

In Uncategorized on November 15, 2010 at 5:54 am

Cambodia, China announce 1.6billion dollar deal: officials

In Uncategorized on November 5, 2010 at 10:54 am

Vietnam Airlines signs deal for eight Boeing Dreamliners

In Uncategorized on October 30, 2010 at 11:41 am

HANOI, Oct 30, 2010 (AFP) – Vietnam Airlines on Saturday signed a deal to buy eight Boeing 787-9 Dreamliners in a ceremony witnessed by US Secretary of State Hillary Clinton.

Boeing 787 Dreamliner

The national flag carrier will take delivery of the first aircraft in 2015, Vietnam Airlines president and chief executive Pham Ngoc Minh was quoted by Dow Jones Newswires as saying.

He said the airline was also in talks to buy a further eight of the aircraft.

“Today marks the continuation of a 15-year relationship between Boeing and Vietnam and represents the introduction of the next generation of flight,” the US aircraft maker said in a statement on the signing.

“With this agreement, Vietnam Airlines shows its growing leadership in Southeast Asia by making the 787 Dreamliner the backbone of their twin aisle fleet.”

Source: SGGP

 

Flight from

VinaSecurities, Macquarie sign deal

In Uncategorized on October 28, 2010 at 2:10 pm




VinaSecurities, Macquarie sign deal


QĐND – Thursday, October 28, 2010, 20:45 (GMT+7)

VinaSecurities and Macquarie Capital Securities Limited, an affiliate of global financial institution Macquarie Group ( Macquarie; ASX:MQG), have signed a wide-ranging agreement that will benefit customers of both companies.


The agreement will give Macquarie clients access to Vietnam , one of Asia’s fastest-growing markets, and allow VinaSecurities clients access to Macquarie’s leading presence in global financial markets.


The initial scope of the agreement enables Macquarie clients to receive co-branded equity research focused on Vietnam and to trade Vietnamese equities, according to Hunt


Macnguyen, CEO of VinaSecurities.


The agreement also includes exclusive partnering arrangements between VinaSecurities and Macquarie in relation to in-bound and out-bound equity capital-market transactions, mergers and acquisitions, and other corporate finance advisory work.


The agreement covers both the HCM City and Hanoi stock exchanges.


Mark Duncan, head of Macquarie Securities Group, Asia, said: ” Vietnam is an important market to us and the world’s institutional investors as they look to expand their investment horizon.”


VinaSecurities, established in 2007, is part of the asset management group VinaCapital.

Source: VNA

Source: QDND

Polluter Vedan signs compensation deal with Dong Nai

In Uncategorized on October 14, 2010 at 2:35 pm

Vedan Vietnam signed September 10 an agreement to compensate nearly VND120 billion (US$6.3 million) to farmers in Long Thanh and Nhon Trach districts, Dong Nai Province for damage to farmland caused by its illegal discharge of untreated wastewater into the Thi Vai River.

Representatives of Vedan Vietnam and the sounthern province of Dong Nai sign the compensation agreement on September 10 (Photo: TT)

Vedan will transfer half of the compensation to farmers in Long Tho and Phuoc An communes in Nhon Trach District, and Long Phuoc and Phuoc Thai communes in Long Thanh districts within one week.


The remainder will be transferred on January 14, 2011 at the latest with a bank guarantee by the Ho Chi Minh City branch of Bangkok Bank.
 
The bank guarantee for the provincial farmers must be sent to the Dong Nai Province Farmers Association within one week from September 10, the agreement said.


The Taiwanese MSG producer also agreed to pay the province additional VND1 billion to cover its cost of inspecting and calculating economic losses suffered by affected farmers.


Dong Nai, which suffered most from the pollution, is the last locality to accept the company’s compensation.


So far, farmers in the province have agreed not to sue Vedan and accept its compensation, only Vien Dong Company has insisted on its lawsuit.

Source: SGGP

Russia insists on tech transfer in French warship deal

In Uncategorized on July 24, 2010 at 11:18 am

Russia’s top naval commander Saturday insisted its purchase of French warships would only go ahead if there were a transfer of technology, warning that otherwise there was “no point” in the deal.

French Mistral-class helicopter carrier

The comments by Admiral Vladimir Vysotsky come a day after French President Nicolas Sarkozy assured workers at a French shipyard that the decision to go ahead with the deal was “certain”.


“What is important here is to obtain the possibility of a transfer of key, fundamental technologies… not just in ship building but in several other areas,” Vysotsky told the Echo of Moscow radio.


“This is without doubt the main condition for this transaction. If this does not happen then there is no point in undertaking this,” he added.


“We do not need the ship but we do need its possibilities.”


Russia has been negotiating with France for months to buy the Mistral-class helicopter carriers but the deal has yet to be finalised, with the issue of technology transfer apparently the main sticking point.


Russian Prime Minister Vladimir Putin told AFP last month that Moscow would only go ahead with the deal if it included a transfer of the technology that makes the Mistral one of the most powerful in the French fleet.


The deal would be the first sale of advanced military hardware to Russia by a NATO country.

Source: SGGP