Tag Archives: ASEAN

Asia shares bank on eventual China opening; oil gains

  • https://tmsnrt.rs/2zpUAr4
  • China shares push higher, dollar slips
  • More Chinese cities ease coronavirus controls
  • Cap on Russia oil comes into effect, impact uncertain

SYDNEY, Dec 5 (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, nudging the dollar down against the yuan.

The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban and price caps on Russian crude, which begin on Monday.

More Chinese cities announced an easing of coronavirus curbs on Sunday as Beijing tries to make its zero-COVID policy less onerous after recent unprecedented protests against restrictions. read more

There were also reports Beijing might lower the threat classification for COVID-19, though clarity was lacking on timetables for future steps. read more

“While the easing of some restrictions does not equate to a wholesale shift away from the dynamic COVID zero strategy just yet, it is further evidence of a shifting approach and financial markets look to be firmly focussed on the longer term outlook over the near-term hit to activity as virus cases look set to continue,” said Taylor Nugent, an economist at NAB.

Chinese blue chips (.CSI300) gained 1.7%, on top of last week’s 2.5% bounce, while the Hang Seng (.HS11) jumped 3.5%.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.7% to a three-month top, after rallying 3.7% last week. Japan’s Nikkei (.N225) edged up 0.1%, while South Korea (.KS11) eased 0.4%.

EUROSTOXX 50 futures added 0.1%, while FTSE futures were flat. S&P 500 futures and Nasdaq futures both fell 0.1%.

Wall Street had lost some momentum on Friday after November’s robust U.S. payrolls report challenged hopes for a less aggressive Federal Reserve, though Treasuries still ended last week with solid gains. read more

Indeed, 10-year note yields have fallen 74 basis points since early November, effectively undoing much of the tightening of the Fed’s last outsized increase in cash rates.

Markets are wagering Fed rates will top out at 5% and the European Central Bank around 2.5%.

“But U.S. and Euro area labour demand remain surprisingly strong, and alongside a recent easing in financial conditions, the risks are shifting toward higher-than-anticipated terminal rates for both the Fed and the ECB,” warns Bruce Kasman, head of economic research at JPMorgan.

“The combination of labour market resilience with sticky wage inflation adds to the risk that the Fed will deliver a higher than 5% rate forecast at its upcoming meeting and that Chair Jerome Powell’s press conference will shift to more open-ended guidance regarding any near-term ceiling on rates.”

DOLLAR VULNERABLE

The Fed meets on Dec. 14 and the ECB the day after. Speaking on Sunday, French central bank chief Francois Villeroy de Galhau said he favoured a hike of half a point next week. read more

Central banks in Australia, Canada and India are all expected to raise their rates at meetings this week.

The steep decline in U.S. yields has taken a toll on the dollar, which fell 1.4% last week on a basket of currencies to its lowest since June.

It lost 3.5% on the yen alone and last traded at 134.34 , leaving October’s peak of 151.94 a distant memory. The euro resumed it rise to $1.0578 , having added 1.3% last week to its highest since early July.

The dollar also slipped under 7.0 yuan in offshore trade to hit the lowest in three months at 6.9677.

The drop in the dollar and yields has been a boon for gold, which was up 0.5% at a four-month peak of $1,807 an ounce after rising 2.3% last week.

Oil prices bounced after OPEC+ agreed to stick to its oil output targets at a meeting on Sunday.

The Group of Seven and European Union states are due on Monday to impose a $60 per barrel price cap on Russian seaborne oil, though it was not yet clear what impact this would have on global supply and prices. read more

Brent gained $1.67 to $87.24 a barrel, while U.S. crude rose $1.46 to $81.44 per barrel.

Reporting by Wayne Cole; Editing by Sam Holmes

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Indonesia raises volcano warning to highest after Semeru erupts, evacuates 90 people

JAKARTA, Dec 4 (Reuters) – Indonesian authorities raised the warning on Semeru volcano on the island of Java to the highest level on Sunday after an eruption spewed a column of ash high into the air.

The evacuation of people, which includes children and seniors, living near the volcano in East Java province had also begun with 93 residents so far evacuated to shelters, Indonesia’s disaster mitigation agency, BNPB said in a statement.

The plume from the volcano reached a height of 50,000 feet (15 km), said Japan’s Meteorology Agency, which was monitoring for the possibility of a tsunami there.

The eruption on the eastern part of Java, some 640 km (400 miles) east of the capital Jakarta, follows a series of earthquakes on the west of the island, including one last month that killed more than 300 people.

Indonesia’s Center for Volcanology and Geological Hazard Mitigation, PVMBG, raised the level of volcanic activity to IV from III, its chief said in a text message.

With the raised alert level, authorities warned residents not to conduct any activities within 8 km (5 miles) of Semeru’s eruption centre, adding hot ash clouds had reached as far as 11.8 miles (19km) from the centre of eruption.

PVMBG chief Hendra Gunawan said the agency saw the potential for a bigger supply of magma this year compared to previous eruptions in 2021 and 2020.

“Therefore Semeru’s hot clouds could reach further (this year) and at that distance there are many residences,” he said.

Around the same time last year, the eruption of Semeru, Java’s tallest mountain, killed more than 50 people and left several missing, while thousands were displaced.

Some residents nearby have evacuated independently to safer buildings like mosques and schools, according to a statement from the regional government of Lumajang, where Semeru is located.

“Most of the roads have been closed since this morning. Now its raining volcanic ash and it has covered the view of the mountain,” Bayu Deny Alfianto, a local volunteer told Reuters by phone.

Small eruptions were continuing and it was raining in the area, he said.

The volcano began erupting at 2:46 a.m. (1946 GMT on Saturday), BNPB, said in a statement. Videos posted on social media showed grey ash clouds in nearby areas.

With 142 volcanoes, Indonesia has the largest population globally living in close range to a volcano, including 8.6 million within 10 km (6 miles).

The deadly late-November quake that hit West Java’s Cianjur was a shallow temblor of 5.6 magnitude. A much deeper quake on Saturday in Gurat of 6.1 magnitude sent people running from buildings but did not cause major damage.

Reporting by Stefanno Sulaiman and Angie Teo in Jakarta; Additional reporting by Tetsushi Kajimoto in Tokyo; Editing by William Mallard and Lincoln Feast

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Shares rise, U.S. Treasury yields drop ahead of Fed minutes’ release

  • Fed minutes for November due at 1900 GMT
  • Wall Street stocks trade higher
  • U.S. Treasury yields retreat
  • Crude prices drop more than 4%
  • U.S. dollar falls

NEW YORK, Nov 23 (Reuters) – World equities rose while U.S. Treasury yields were lower ahead of the release of the Federal Reserve’s meeting minutes that would offer a glimpse on whether officials are likely to soften their stiff monetary policy stance.

Traders are expecting the minutes, which will be published on Wednesday, to provide clues that the Fed is set to end its pace of sharp interest rate hikes in response to a moderation in economic conditions.

Labor Department data showed on Wednesday that U.S. jobless claims increased more than expected last week while U.S. business activity contracted for a fifth month in November, according to the S&P Global flash U.S. Composite PMI Output Index.

“What investors are hoping for is that the Fed acknowledges that since the consumer price index looks like it might be peaking that there’s going to be some language that they see a pause on the near-term horizon,” said Jordan Kahn, chief investment officer at ACM Funds in Los Angeles, California.

The MSCI All Country stock index (.MIWD00000PUS) was up 0.8%, while European shares (.STOXX) rose 0.62%.

U.S. Treasury yields were trading lower. Benchmark 10-year notes were down to 3.7242% while the yields on two-year notes dropped to 4.4835%.

The yield curve that compares these two bonds widened further into negative territory, to -76.30 basis points. When inverted, that part of the curve is seen as an indicator of an upcoming recession.

“I tend to think that investors that are looking for any sought of hint of a pause are going to be disappointed. I think the Fed is going to keep the message they’ve been saying for a while, which is that their job isn’t done yet and need to bring down demand,” Kahn said.

“The yield curve is still screaming that the economy is on the precipice of a slowdown,” he added.

On Wall Street, all three major indexes were trading higher, led by gains in technology, consumer discretionary, communication, and industrial stocks.

The Dow Jones Industrial Average (.DJI) rose 0.29% to 34,196.78, the S&P 500 (.SPX) gained 0.56% to 4,025.81 and the Nasdaq Composite (.IXIC) added 0.96% to 11,282.14.

Oil prices fell more than 4% as the Group of Seven (G7) nations looked at a price cap on Russian oil that is above where it is currently trading and as gasoline inventories in the United States built more than analysts expected.

Brent futures for January delivery fell 4.2% to $84.65 a barrel, while U.S. crude fell 4.46%, to $77.34 per barrel.

The U.S. dollar fell across the board ahead of the release of the Fed’s minutes and new data showing weaker economic conditions. The dollar index fell 0.7%, with the euro up 0.62% to $1.0366.

Gold prices were choppy as the U.S. dollar fell. Spot gold added 0.1% to $1,742.66 an ounce, while U.S. gold futures fell 0.10% to $1,736.50 an ounce.

Reporting by Chibuike Oguh in New York
Editing by Bernadette Baum

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Children at school among 162 dead in Indonesia quake

  • Death toll from 5.6-magnitude earthquake expect to rise
  • Dozens remain trapped in the rubble – officials
  • President

CIANJUR, Indonesia, Nov 22 (Reuters) – Children killed when their schools collapsed accounted for many of the 162 dead in an earthquake that devastated a town on Indonesia’s main island of Java, an official said on Tuesday, as rescuers raced to reach people trapped in rubble.

Hundreds of people were injured in the Monday quake and officials warned the death toll was likely to rise.

The shallow 5.6-magnitude quake struck in mountains in Indonesia’s most populous province of West Java, causing significant damage to the town of Cianjur and burying at least one village under a landslide.

Landslides and rough terrain were hampering rescue efforts, said Henri Alfiandi, head of National Search and Rescue Agency (Basarnas).

“The challenge is the affected area is spread out … On top of that, the roads in these villages are damaged,” Alfiandi told a news conference, adding that more than 13,000 people had been evacuated.

“Most of the casualties are children, because at 1 p.m. they were still at school,” he said, referring to the time the quake hit.

Many of the fatalities resulted from people trapped under collapsed buildings, officials said.

President Joko Widodo flew in to Cianjur on Tuesday to encourage rescuers.

“My instruction is to prioritise evacuating victims that are still trapped under rubble,” said the president, who is known as Jokowi.

He offered his condolences to the victims and pledged emergency government support. Reconstruction should include earthquake-prone housing to protect against future disasters, he said.

Survivors gathered overnight in a Cianjur hospital parking lot. Some of the injured were treated in tents, others were hooked up to intravenous drips on the pavement as medical workers stitched up patients under torch light.

“Everything collapsed beneath me and I was crushed beneath this child,” Cucu, a 48-year-old resident, told Reuters.

“Two of my kids survived, I dug them up … Two others I brought here, and one is still missing,” she said through tears.

Footage from Kompas TV showed people holding cardboard signs asking for food and shelter, with emergency supplies seemingly yet to reach them.

Hundreds of police officers were deployed to help the rescue effort, Dedi Prasetyo, national police spokesperson told the Antara state news agency.

“Today’s main task order for personnel is to focus on evacuating victims,” he said.

‘SWEPT AWAY’

West Java Governor Ridwan Kamil said at least 162 people were killed, many of them children, while the toll from the national disaster agency (BNPB) stood at 103, with 31 missing.

Authorities were operating “under the assumption that the number of injured and death will rise”, the governor said, with at least one village buried by landslides triggered by the quake.

Cianjur police chief told Metro TV that 20 people had been evacuated from the district of Cugenang, most of whom had died, with residents reporting missing family members.

The area was hit by a landslide triggered by the quake that had blocked access to the area.

“At least six of my relatives are still unaccounted for, three adults and three children,” said Zainuddin, a resident of Cugenang.

“If it was just an earthquake only the houses would collapse, but this is worse because of the landslide. In this residential area there were eight houses, all of the which were buried and swept away.”

Rescue efforts were complicated by electricity outages in some areas, and more than 100 aftershocks.

Straddling the so-called “Ring of Fire”, a highly seismically active zone where different plates on the earth’s crust meet, Indonesia has a history of devastating earthquakes.

In 2004, a 9.1 magnitude quake off Sumatra island in northern Indonesia triggered a tsunami that struck 14 countries, killing 226,000 people.

Reporting by Tommy Adriansyah and Ajeng Dinar Ulfina in Cianjur; and Gayatri Suroyo, Ananda Teresia, Fransiska Nangoy and Bernadette Christina Munthe in Jakarta; Writing by Kate Lamb; Editing by Ed Davies and Stephen Coates

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Indonesia quake kills scores, reduces homes to rubble, injuring hundreds

CIANJUR, Indonesia, Nov 21 (Reuters) – A 5.6-magnitude earthquake killed more than 60 people and injured hundreds in Indonesia’s West Java province on Monday, with rescuers trying to reach survivors trapped under the rubble amid a series of aftershocks.

The epicentre was near the town of Cianjur in West Java, about 75 km (45 miles) southeast of the capital, Jakarta, where some buildings shook and some offices were evacuated.

Indonesia’s disaster mitigation agency (BNPB) said 62 people had been killed. At least 25 people were trapped under collapsed buildings, it said.

BNPB spokesperson Abdul Muhari said the search would continue through the night.

“So many buildings crumbled and shattered,” West Java governor Ridwan Kamil told reporters.

“There are residents trapped in isolated places … so we are under the assumption that the number of injured and deaths will rise with time.”

Indonesia straddles the so-called “Pacific Ring of Fire”, a highly seismically active zone, where different plates on the Earth’s crust meet and create a large number of earthquakes and volcanoes.

The BNPB said more than 2,200 houses had been damaged and more than 5,300 people had been displaced.

A 5.6 magnitude earthquake hit Indonesia’s Java island on Monday

Electricity was down and disrupting communications efforts, Herman Suherman, head of Cianjur’s government, said, adding that a landslide was blocking evacuations in one area.

Hundreds of victims were being treated in a hospital parking lot, some under an emergency tent. Elsewhere in Cianjur, residents huddled together on mats in open fields or in tents while buildings around them had been reduced almost entirely to rubble.

Officials were still working to determine the full extent of the damage caused by the quake, which struck at a relatively shallow depth of 10 km, according to the weather and geophysics agency (BMKG).

Vani, who was being treated at Cianjur main hospital, told MetroTV that the walls of her house collapsed during an aftershock.

“The walls and wardrobe just fell… Everything was flattened, I don’t even know the whereabouts of my mother and father,” she said.

Within two hours, 25 aftershocks had been recorded, BMKG said, adding there were concerns about more landslides in the event of heavy rain.

In Jakarta, some people evacuated offices in the central business district, while others reported buildings shaking and furniture moving, Reuters witnesses said.

In 2004, a 9.1 magnitude quake off Sumatra island in northern Indonesia triggered a tsunami that struck 14 countries, killing 226,000 people along the Indian Ocean coastline, more than half of them in Indonesia.

Reporting by Tommy Ardiansyah, Ajeng Dinar Ulfiana and Johan Purnomo in Cianjur, Ananda Teresia, Gayatri Suroyo, Fransiska Nangoy in Jakarta
Writing by Ed Davies and Kate Lamb; Editing by Kanupriya Kapoor, Kim Coghill, Toby Chopra and Nick Macfie

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Michael Bloomberg apologises for Boris Johnson speech criticising China

BEIJING, Nov 20 (Reuters) – Michael Bloomberg apologised last week at a business forum hosted by the news agency he founded for remarks by British former Prime Minister Boris Johnson criticising China as autocratic.

The controversy highlights China’s influence in Asia and sensitivities about overt criticism of Beijing.

Bloomberg, a former New York mayor who ran for president in 2020, apologised on Thursday at the Bloomberg New Economy Forum in Singapore, a business gathering whose speakers included Chinese Vice President Wang Qishan and whose delegates included Chinese businessmen.

“Some may have been insulted or offended last night by parts of the speaker’s remarks referencing certain countries and their duly elected leaders,” Bloomberg said in remarks posted on Twitter.

Referring to Johnson, Bloomberg said: “Those were his thoughts and his thoughts alone, not cleared in advance by anyone or shared with me personally… To those of you who were upset and concerned by what the speaker said, you have my apologies.”

A spokesman for Bloomberg LP, which includes Bloomberg News and where Michael Bloomberg is the CEO, declined to comment to Reuters.

Johnson, who stepped down as Britain’s leader in September, had sharply criticised China’s and Russia’s political system and leaders in his Wednesday speech.

“Let’s look at Russia and China, the two former communist tyrannies in which power has once again been concentrated in the hands of a single ruler, two monocultural states that have been traditionally hostile to immigration and that are becoming increasingly nationalist in their attitudes,” Johnson said, according to his spokesman.

Johnson said Beijing and Moscow were “willing to show a candid disregard for the rule of international law and had over the past year “demonstrated the immense limitations of their political systems by the disastrous mistakes they have made”.

China’s foreign ministry did not respond to a Reuters request for comment.

Johnson’s spokesman said the former leader had been invited to speak by Bloomberg himself and that his criticism was aimed at the Chinese government, not the nation or its people.

“Mr Johnson is robust in his criticism of authoritarianism and autocracy – including in Russia and China – and will continue to be so,” the spokesman said. “He will continue to make the case for freedom and democracy on the world stage.”

Bloomberg did not specify whether his apology was aimed at Chinese or Russian people. But he sported a small Ukrainian flag badge on his suit, criticised President Vladimir Putin’s “brutal invasion” of Russia’s neighbour and announced that Ukrainian President Volodymyr Zelenskiy would address the forum remotely.

There were no Russian government speakers listed on the forum’s programme.

Reporting by Martin Quin Pollard in Beijing; Additional reporting by Chen Lin in Singapore; Editing by William Mallard

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Explainer: What to expect as Malaysia’s split election leaves scramble to form govt

KUALA LUMPUR, Nov 20 (Reuters) – Malaysia’s political leaders were scrambling to form a coalition government on Sunday after an election produced an unprecedented hung parliament, with no group able to claim a majority.

Longtime opposition leader Anwar Ibrahim and former Prime Minister Muhyiddin Yassin each said they could form a government with support from other parties, whom they did not identify. Muhyiddin said he hoped to conclude talks by Sunday afternoon, although negotiations could take days.

Here is what is happening and what to expect:

WHAT HAPPENED?

Anwar’s multi-ethnic Pakatan Harapan coalition won 82 seats in the lower house, short of the 112 needed for a majority but ahead of Muhyiddin’s Perikatan Nasional alliance with 73 and Prime Minister Ismail Sabri Yaakob’s Barisan Nasional with 30.

Muhyiddin’s alliance, which includes an Islamist party that has touted sharia Islamic law for the Southeast Asian nation, emerged as a third major bloc, dividing votes more than had been expected.

It made inroads in strongholds of Barisan, whose United Malays National Organisation (UMNO) – long Malaysia’s dominant political force – made its worst showing ever.

WHAT NEXT?

Analysts say the most likely government will again be a coalition of Muhyiddin’s bloc, Barisan and another group. But a minority government is possible if neither Anwar nor Muhyiddin can cobble together a majority.

Muhyiddin, who said he is open to working with any party but Anwar’s, said on Sunday he would discuss partnerships with regional parties in Sabah and Sarawak states on Borneo island.

Anwar did not say whom he would work with. In an interview with Reuters this month, he ruled out partnering with Muhyiddin’s and Ismail’s coalitions, citing fundamental differences.

Muhyiddin and Ismail’s coalition prioritise interests of the ethnic-Malay majority, while Anwar’s is multicultural. Race and religion are divisive issues in Malaysia, where the mostly Muslim Malays comprise the majority, with minorities of ethnic Chinese and Indians.

KING’S ROLE

King Al-Sultan Abdullah could potentially pick the next prime minister.

The monarch has a largely ceremonial role, but the constitution empowers him to appoint as prime minister a lawmaker who he thinks can command a majority in parliament.

Malaysian kings – the post rotates among the sultans of the states – have rarely exercised that power, but they have become more influential in recent years amid the political wrangling.

In 2020, when the government of veteran leader Mahathir Mohamad collapsed, King Al-Sultan chose Muhyiddin as premier after interviewing all 222 lawmakers to decide who had majority support. When Muhyiddin’s bloc also collapsed, he chose Ismail.

Muhyiddin said on Sunday he had received instructions from the palace on forming a government but did not disclose what they were. Anwar said he would submit a letter to the king detailing his support.

IMPLICATIONS?

Political instability is expected to continue for Malaysia, which has seen three prime ministers in as many years due to power struggles.

The country is adapting to the diminishing power of the UMNO and the Barisan coalition, which had ruled uninterrupted for 60 years from independence until 2018.

The next coalition will not have a convincing majority and could be plagued with more infighting, hurting the economy.

Voters, frustrated with the instability, may bristle at a new government if it includes the losing parties.

Reporting by Mei Mei Chu; Editing by A. Ananthalakshmi and William Mallard

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

G20, APEC, ASEAN: World leaders conclude three summits in Asia — with Russia firmly on the sidelines


Bangkok, Thailand
CNN
 — 

The three major summits of world leaders that took place across Asia in the past week have made one thing clear: Vladimir Putin is now sidelined on the world stage.

Putin, whose attack on Ukraine over the past nine months has devastated the European country and roiled the global economy, declined to attend any of the diplomatic gatherings – and instead found himself subject to significant censure as international opposition to his war appeared to harden.

A meeting of the Asia-Pacific Economic Cooperation (APEC) leaders in Bangkok closed on Saturday with a declaration that references nations’ stances expressed in other forums, including in a UN resolution deploring “in the strongest terms” Russian aggression against Ukraine, while noting differing views.

It echoes verbatim a declaration from the Group of 20 (G20) leaders summit in Bali earlier this week.

“Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy,” the document said, adding that there were differing “assessments” on the situation within the group.

Discussions within the summits aside, the week has also shown Putin – who it is believed launched his invasion in a bid to restore Russia’s supposed former glory – as increasingly isolated, with the Russian leader hunkered down in Moscow and unwilling even to face counterparts at major global meetings.

A fear of potential political maneuvers against him should he leave the capital, an obsession with personal security and a desire to avoid scenes of confrontation at the summits – especially as Russia faces heavy losses in the battlefield – were all likely calculations that went into Putin’s assessment, according to Alexander Gabuev, a senior fellow at the Carnegie Endowment for International Peace.

Meanwhile, he may not want to turn unwanted attention on the handful of nations that have remained friendly to Russia, for example India and China, whose leaders Putin saw in a regional summit in Uzbekistan in September.

“He doesn’t want to be this toxic guy,” Gabuev said.

But even among countries who have not taken a hardline against Russia, there are signs of lost patience, if not with Russia itself, than against the knock-on effects of its aggression. Strained energy, issues of food security and spiraling global inflation are now squeezing economies the world over.

Indonesia, which hosted the G20, has not explicitly condemned Russia for the invasion, but its President Joko Widodo told world leaders on Tuesday “we must end the war.”

India, which has been a key purchaser of Russia energy even as the West shunned Russian fuel in recent months, also reiterated its call to “find a way to return to the path of ceasefire” at the G20. The summit’s final declaration includes a sentence saying, “Today’s era must not be of war” – language that echoes what Modi told Putin in September, when they met on the sidelines of the summit in Uzbekistan.

It’s less clear if China, whose strategic partnership with Russia is bolstered by a close rapport between leader Xi Jinping and Putin, has come to any shift in stance. Beijing has long refused to condemn the invasion, or even refer to it as such. It’s instead decried Western sanctions and amplified Kremlin talking points blaming the US and NATO for the conflict, although this rhetoric has appeared to be somewhat dialed back on its state-controlled domestic media in recent months.

In sidelines meetings with Western leaders this past week, however, Xi reiterated China’s call for a ceasefire through dialogue, and, according to readouts from his interlocutors, agreed to oppose the use of nuclear weapons in Ukraine – but those remarks are not included in China’s account of the talks.

China’s Foreign Minister Wang Yi later told Chinese state media that Xi had reiterated China’s position in his bilateral meeting with US President Joe Biden on the sidelines of the G20 that “nuclear weapons cannot be used and a nuclear war cannot be fought.”

But observers of China’s foreign policy say its desire to maintain strong ties with Russia likely remains unshaken.

“While these statements are an indirect criticism of Vladimir Putin, I don’t think they are aimed at distancing China from Russia,” said Brian Hart, a fellow with the China Power Project at the Center for Strategic and International Studies in Washington. “Xi is saying these things to an audience that wants to hear them.”

Russian isolation, however, appears even more stark against the backdrop of Xi’s diplomatic tour in Bali and Bangkok this week.

Though the Biden administration has named Beijing – not Moscow – the “most serious long-term challenge” to the global order, Xi was treated as a valuable global partner by Western leaders, many of whom met with the Chinese leader for talks aimed at increasing communication and cooperation.

Xi had an exchange with US Vice President Kamala Harris, who is representing the US at the APEC summit in Bangkok, at the event on Saturday. Harris said in a Tweet after that she noted a “key message” from Biden’s G20 meeting with Xi – the importance of maintaining open lines of communication “to responsibly manage the competition between our countries.”

In an impassioned call for peace delivered to a meeting of business leaders alongside the APEC summit on Friday, French President Emmanuel Macron appeared to draw a distinction between Russia’s actions and tensions with China.

While referencing US-China competition and increasing confrontation in Asia’s regional waters, Macron said: “What makes this war different is that it is an aggression against international rules. All countries … have stability because of international rules,” before calling for Russia to come back “to the table” and “respect international order.”

The urgency of that sentiment was heightened after a Russian-made missile landed in Poland, killing two people on Tuesday, during the G20 summit. As a NATO member, a threat to Polish security could trigger a response from the whole bloc.

The situation defused after initial investigation suggested the missile came from the Ukrainian side in accident during missile defense – but highlighted the potential for a miscalculation to spark a world war.

A day after that situation, US Secretary of State Antony Blinken pointed to what he called a “split-screen.”

“What we’re seeing is a very telling split-screen: as the world works to help the most vulnerable people, Russia targets them; as leaders worldwide reaffirmed our commitment to the UN Charter and international rules that benefit all our people. President Putin continues to try to shred those same principles,” Blinken told reporters Thursday night in Bangkok.

Coming into the week of international meetings, the US and its allies were ready to project that message to their international peers. And while strong messages have been made, gathering consensus around that view has not been easy – and differences remain.

The G20 and APEC declarations both acknowledge divisions between how members voted in the UN to support its resolution “deploring” Russian aggression, and say that while most members “strongly condemned” the war, “there were other views and different assessments of the situation and sanctions.”

Even making such an expression with caveats was an arduous process at both summits, according to officials. Indonesia’s Jokowi said G20 leaders were up until “midnight” discussing the paragraph on Ukraine.

Nations in the groupings have various geo-strategic and economic relationships with Russia, which impact their stances. But another concern some Asian nations may have is whether measures to censure Russia are part of an American push to weaken Moscow, according former Thai Foreign Minister Kantathi Suphamongkhon.

“Countries are saying we don’t want to just be a pawn in this game to be used to weaken another power,” said Suphamongkhon, an advisory board member of the RAND Corporation Center for Asia Pacific Policy (CAPP). Instead framing censure of Russia around its “violation of international law and war crimes that may have been committed” would hit on aspects of the situation that “everyone rejects here,” he said.

Rejection of Russia along those lines may also send a message to China, which itself has flouted an international ruling refuting its territorial claims in the South China Sea and has vowed to “reunify” with the self-governing democracy of Taiwan, which it’s never controlled, by force if necessary.

While efforts this week may have upped pressure on Putin, the Russian leader has experience with such dynamics: prior to Putin’s expulsion over his annexation of Ukraine’s Crimea in 2014, the Group of Seven (G7) bloc was the Group of Eight – and it remains to be seen whether the international expressions will have an impact.

But without Putin in the fold, leaders stressed this week, suffering will go on – and there will be a hole in the international system.

This story has been updated with new information.

Read original article here

Myanmar junta frees Australian economist, former UK envoy in mass amnesty

  • Australian held for 650 days for state secrets breach
  • Opponents sceptical of junta’s motives
  • Turnell headed for Australia – PM
  • Amnesty a bright spot at ‘incredibly dark time’ – Blinken

Nov 17 (Reuters) – Myanmar’s ruling military on Thursday freed a former British ambassador, a Japanese filmmaker and an Australian economic adviser to deposed leader Aung San Suu Kyi, officials said, among nearly 6,000 prisoners included in a mass amnesty.

Australia said economist Sean Turnell left Myanmar on Thursday and had arrived in neighbouring Thailand, while a diplomatic source confirmed former British envoy Vicky Bowman had also left the country.

Myanmar’s state-run MRTV showed footage of the pair as well as Japan’s Toru Kubota, signing exit documents with officials. The United States said its citizen, Kyaw Htay Oo, was released.

Turnell was arrested a few days after the army seized power from Suu Kyi’s elected government in February last year, ending a decade of tentative democracy.

The coup sparked chaos and a bloody army crackdown on dissent that has drawn international condemnation and fuelled an armed resistance movement against the military.

Australian Prime Minister Anthony Albanese thanked the leaders of Thailand and Cambodia for pressuring the military to free Turnell, who was found guilty of a state secrets violation and sentenced in September to three years in jail.

“I’ve just spoken to Sean Turnell, who has been released from 650 days of unfair, unjust imprisonment in Myanmar,” Albanese told reporters in Bangkok, where he is attending the Asia-Pacific Economic Cooperation summit.

“He will travel overnight to Australia to be with his family.”

State-controlled media said the amnesty included 5,774 prisoners and foreigners were released “for the relationship with other countries and also for humanitarian purposes”.

Speaking in Bangkok, U.S. Secretary of State Antony Blinken said the release was “one bright spot in what is otherwise an incredibly dark time.”

“Whether this signals anything more broadly about the intentions of the regime, I can’t tell you – too soon to say.”

‘HOSTAGE TACTICS’

Myanmar’s shadow National Unity Government, which backs the resistance movement, said it was heartened by the amnesty, but said the world should not be duped.

“These types of hostage tactics by the junta should not fool the international community into believing that the military has changed its colours,” said Htin Linn Aung, an NUG minister and spokesperson.

A junta spokesperson did not answer Reuters’ calls seeking comment.

Bowman, Britain’s ambassador from 2002-2006 who heads a group promoting ethical business in Myanmar, had been jailed for immigration violations.

Kyaw Htay Oo was detained on terrorism charges, media has reported. Kubota was last month sentenced to 10 years in prison for violating sedition and communications laws.

Human rights groups have said their detentions, as well as thousands of others, were politically motivated. The junta has denied that.

Japan’s chief cabinet secretary Hirokazu Matsuno earlier on Thursday said Japan “will continue to demand Myanmar take specific and appropriate actions to rebuild democratic society, and to solve problems peacefully and seriously.”

Others included in the amnesty were 11 celebrities plus Kyaw Tint Swe, a former minister and a close aide to Suu Kyi, according to state media.

Suu Kyi’s former ruling party spokesperson Myo Nyunt and prominent democracy advocate Mya Aye were among those seen by witnesses leaving the Insein prison in the biggest city Yangon.

“I will be together with Myanmar people no matter what the situation is,” Mya Aye said.

The Assistance Association for Political Prisoners (AAPP), which has been documenting the military’s crackdown, said the junta had freed the foreigners to ease political pressure.

“Yet again, political prisoners are being used as bargaining chips,” it said.

Phil Robertson, deputy Asia director of Human Rights Watch, said people should not be jailed for expressing political views.

“One hopes this release will not be a one-off event but rather the start of a process by the junta to release all political prisoners,” he said.

Reporting by Reuters staff; Writing by Kanupriya Kapoor and Martin Petty; Editing by Lincoln Feast, Simon Cameron-Moore, William Maclean

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Dutch court sentences three to life in prison for 2014 downing of MH17 over Ukraine

  • Crash killed 298 passengers and crew
  • Court finds Russian missile downed the plane
  • Convicted men are fugitives, believed in Russia

AMSTERDAM, Nov 17 (Reuters) – Dutch judges convicted two Russian men and a Ukrainian man in absentia of murder for their role in the shooting down of Flight MH17 over Ukraine in 2014 with the loss of 298 passengers and crew, and handed them life sentences.

Ukraine welcomed the ruling, which will have implications for other court cases Kyiv has filed against Russia, while Moscow called the ruling “scandalous” and said it would not extradite its citizens.

Malaysian Airlines Flight MH17 departed from Amsterdam and was bound for Kuala Lumpur when it was shot down over eastern Ukraine on July 17, 2014, as fighting raged between pro-Russian separatists and Ukrainian forces, the precursor of this year’s conflict.

The ruling came as a relief to victims’ family members, more than 200 of whom attended the court in person, wiping away tears as the judgement was read.

“Only the most severe punishment is fitting to retaliate for what the suspects have done, which has caused so much suffering to so many victims and so many surviving relatives,” Presiding Judge Hendrik Steenhuis said.

The three men convicted were former Russian intelligence agents Igor Girkin and Sergey Dubinskiy, and Leonid Kharchenko, a Ukrainian separatist leader.

The three were all found to have helped to arrange the transport into Ukraine of the Russian military BUK missile system that was used to shoot down the plane, though they were not the ones that physically pulled the trigger.

They are fugitives and believed to be in Russia. A fourth former suspect, Russian Oleg Pulatov, was acquitted on all charges.

The incident in 2014 left the plane’s wreckage and victims’ remains scattered across fields of corn and sunflowers.

Russia invaded Ukraine in February and claims to have annexed the Donetsk province where the plane was shot down.

“The families of victims wanted the truth and they wanted justice to be done and those responsible to be punished and that is what happened. I am pretty satisfied,” Piet Ploeg, who heads a foundation representing victims, told Reuters. Ploeg’s brother, his brother’s wife and his nephew died on MH17.

Meryn O’Brien of Australia, who lost her 25-year old son Jack, said she felt relieved. “Everyone was relieved the process has come to an end, and it is very fair, and it has been meticulous.”

“There’s no celebration,” said Jordan Withers of Britain, whose uncle Glenn Thomas died. “Nothing is going to bring any of the victims back.” They came from 10 different countries.

The judgment included a 16 million euro damages award.

Ukrainian President Volodymyr Zelenskiy hailed the first sentences handed down over MH17 as an “important decision” by the court in The Hague.

“But it is necessary that those who ordered it also end up in the dock because the feeling of impunity leads to new crimes,” he wrote on Twitter. “We have to dispel this illusion. Punishment for all Russian atrocities – both then and now – will be inevitable.”

The ruling found that Russia had “overall control” over the forces of the Donetsk People’s Republic in Eastern Ukraine from mid May 2014.

“This is groundbreaking,” said Marieke de Hoon, assistant professor of international law at Amsterdam University. The ruling was “authoritative” and would likely boost Ukraine’s other international cases against Russia relating to the 2014 conflict.

‘NO REASONABLE DOUBT’

Judge Steenhuis said there was ample evidence from eyewitness testimony and photographs which tracked the missile system’s movements into and back out of Ukraine to Russia.

“There is no reasonable doubt” that MH17 was shot down by a Russian missile system, Steenhuis said.

Moscow denies any involvement or responsibility for MH17’s downing and in 2014 it also denied any presence in Ukraine.

In a statement, the Russian foreign ministry said “throughout the trial the court was under unprecedented pressure from Dutch politicians, prosecutors and the media to impose a politically motivated outcome”.

“We deeply regret that the District Court in The Hague disregarded the principles of impartial justice in favour of the current political situation, thus causing a serious reputational blow to the entire judicial system in the Netherlands,” it added.

Prosecutors had charged the four men with shooting down an airplane and with murder in a trial held under Dutch law, as more than half of the victims were Dutch. Phone call intercepts that formed a key part of the evidence suggested the men believed they were targeting a Ukrainian fighter jet.

Steenhuis said that, while that counted for something in terms of lessening the severity of their criminal responsibility, they still had a murderous intent and the consequences of their actions were huge.

Of the suspects, only Pulatov had pleaded not guilty via lawyers he hired to represent him. The others were tried in absentia and none attended the trial.

The police investigation was led by the Netherlands, with participation from Ukraine, Malaysia, Australia and Belgium.

Thursday’s ruling is not the final word on holding people accountable for MH17, Dutch and Australian authorities said.

Andy Kraag, the head of the police investigation, said research was continuing into possible suspects higher in the chain of command. Investigators are also looking at the crew of the missile system which launched the fatal rocket.

The Dutch and Australian governments, which hold Russia responsible, have started a proceeding against the Russian Federation at the International Civil Aviation Organization (ICAO).

Reporting by Toby Sterling, Stephanie van den Berg and Bart Meijer; Editing by Jon Boyle, Alex Richardson, Toby Chopra, Alexandra Hudson

Our Standards: The Thomson Reuters Trust Principles.

Read original article here