[unable to retrieve full-text content]Reuters – China’s leader-in-waiting Xi Jinping on Friday swiped away fears that his country’s economic growth could stumble, and turned to courting American companies, film-makers and governors hungry for a slice of that growth on the final day of his U.S. visit.
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TOKYO/SEOUL (Reuters) ? South Korea and Japan will soon meet U.S. officials in Washington to ask how much oil they can import from Iran under new sanctions that leave the Asian nations with few alternative sources for energy, government officials said Wednesday.
Japan is the world’s third biggest oil consumer, and South Korea is the fifth largest.
Both nations import significant amounts of crude from Iran, which they are under pressure to cut back to secure a waiver from a U.S. law imposing sanctions on financial institutions that trade with Iran’s central bank.
Japan’s foreign ministry said a delegation was due to hold talks in Washington Thursday as part of ongoing consultations and would seek clarity on the law, which is part of a raft of sanctions aimed at reining in Iran’s nuclear ambitions.
“We don’t know what the Americans want until we hold the meeting,” a government official said.
The official said Japan would explain the nature of its trade with Iran, as well as ask the United States to exempt Japanese banks from sanctions. No concrete steps are expected to be agreed upon, he added.
South Korea’s foreign ministry said a technical team was planning to visit the United States to discuss the Iranian sanctions, but would not give details about the trip.
Kurt Campbell, the top U.S. diplomat for East Asian Affairs, told reporters in Seoul the United States was keen to discuss the specifics of its sanctions with Japan and Korea soon.
“We welcome a prospective South Korean team coming to Washington to discuss specific aspects of various energy related and financial interactions between South Korea and Iran,” he said.
“We want to work closely with countries like South Korea and Japan who have particular vulnerabilities in this regard.”
South Korea, a key U.S. ally, has warned the United States it would have difficulty replacing Iranian crude supplies.
South Korean President Lee Myung-bak will visit major oil producers Saudi Arabia, Qatar and the United Arab Emirates next week to try and secure alternative sources of energy.
(Reporting by Jeremy Laurence in Seoul and Tetsushi Kajimoto in Tokyo; Writing by Miral Fahmy; Editing by Ed Lane)
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Canadian pipeline needs aboriginal consent: chief
OTTAWA (Reuters) ? Enbridge Inc’s controversial plan to build a pipeline to the Pacific Coast from oil-rich Alberta requires the consent of aboriginal bands, some of whom staunchly oppose the project, Canada’s top native leader said on Wednesday. The contention underlines the difficulties facing Enbridge as it tries to push through the C$5.5 billion ($5.4 billion) Northern Gateway project, which would cross land belonging to many Indian bands, or first nations, so the oil sands-derived crude could be shipped to Asia and California.
Clock ticking on possible Air Canada strike, lock-out
(Reuters) – Air Canada’s refusal to extend a period of conciliated labor talks with its pilots’ union raises the chance of a strike or lock-out at the country’s biggest airline by as early as February. The 3,000-strong Air Canada Pilots Association (ACPA) said on Tuesday the carrier had declined to extend labor contract negotiations that had been taking place under a conciliator appointed by the federal government.
Ontario finance minister sees targeted budget reforms
NEW YORK (Reuters) – Ontario’s spring budget will see targeted changes to the public sector, rather than cuts across all areas, the finance minister of Canada’s most populous province said on Wednesday. “I categorically reject that we will do across the board cuts,” Ontario Finance Minister Dwight Duncan said in an interview.
Canada education sector toughest job market
OTTAWA (Reuters) – Unemployed workers in Canada’s educational services sector faced the toughest job market in the country in the July-September period, according to a new Statistics Canada report on Tuesday. For every 10 unemployed workers in education, there was just one vacancy, the agency’s new data on job vacancies in the three-month period showed. The second worst sector was construction where the ratio was 5.1.
Canada’s telecoms regulator appoints interim chief
TORONTO (Reuters) – Canada’s telecoms and broadcasting regulator appointed Vice-Chairman Leonard Katz as its interim chairman on Wednesday as predecessor Konrad von Finckenstein’s term ended. The Canadian Radio-television and Telecommunications Commission (CRTC) said in a statement that Katz will exercise the chairman’s powers until the federal cabinet appoints a permanent replacement for von Finckenstein.
Rwanda genocide suspect deported from Canada
KIGALI (Reuters) – A Rwandan man charged with crimes against humanity has been deported from Canada and is due to arrive in the central African country overnight, Rwanda’s justice minister said on Tuesday. Leon Mugesera, who lost a 16-year battle to stay in Canada, will face charges of inciting murder, extermination and genocide.
Pilots say Air Canada quit talks; government disagrees
CALGARY/OTTAWA (Reuters) – Air Canada pilots said on Tuesday the airline had abandoned contract talks in the hope that Ottawa would step in to resolve the dispute, but the country’s largest carrier said it was awaiting the union’s response to its latest offer. Canadian Labour Minister Lisa Raitt also said talks had not broken down and the federally appointed conciliator remained in contact with both parties and was available to assist with negotiations.
Ottawa sees itself as protector of oil sands benefits
VANCOUVER/CALGARY (Reuters) – Canada’s government has a responsibility to make sure people can take advantage of the economic benefits Alberta’s massive oil deposits can generate, the country’s energy minister said on Monday as he once again decried “radicals” bent on stopping Enbridge Inc’s Northern Gateway oil pipeline. As about 50 protesters demonstrated noisily outside, Joe Oliver, minister of natural resources, said in Vancouver that “environmental and other radical groups” are indiscriminately opposing any and all large industrial projects and are using Canada’s regulatory system as their main battleground.
Canadian minister blasts China ahead of PM’s visit
OTTAWA (Reuters) – Canada’s foreign minister launched an outspoken attack on China’s “abhorrent” treatment of religious minorities on Monday, just weeks before Prime Minister Stephen Harper goes to Beijing in a bid to sell more oil. John Baird’s comments came as a major surprise, given Canada’s right-of-center Conservative government has gradually toned down its attacks on Chinese human rights issues over the years in favor of boosting trade.
RIM shares bounce back after shuffle-related drop
TORONTO (Reuters) – Shares of Research In Motion rose 8.6 percent on Wednesday, rebounding after two days of declines on disappointment over the choice of an company insider as the BlackBerry maker’s new chief executive. The jump followed a 8 percent swoon on Monday and a 3.5 percent drop on Tuesday. Over the weekend, RIM replaced co-chief executives Mike Lazaridis and Jim Balsillie with Thorsten Heins, a four-year veteran of the struggling company.
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MUMBAI (Reuters) ? India’s No. 2 carrier Kingfisher Airlines, controlled by liquor baron Vijay Mallya, plans to cancel 31 flights daily till Nov 19, including four international flights to Bangkok, the Mint newspaper reported, citing an unnamed airline official.
The cash-strapped carrier, which has not reported a profit ever since it got listed and has undergone debt restructuring Once, has decided to cancel 27 domestic flights, the paper said, without specifying a reason.
The cancellations include Delhi, Mumbai, Bangalore, Chennai, Kolkata and Hyderabad routes, the report said.
About a dozen of Kingfisher’s aircraft are already out of service because of maintenance and other issues, the report said.
Kingfisher had cancelled around 20 flights from Delhi on Monday, due to a lack of aircraft, a Delhi airport official who declined to be named, told Reuters.
Kingfisher Airlines officials and a spokesman were not immediately available for comment when contacted by Reuters.
On Oct. 13, the airline had faced a disruption in flights after state-run oil marketer HPCL temporarily halted fuel supplies, citing non-payment of dues.
Last week, Kingfisher said it has sought further cushion from banks to ease its debt burden, but denied it was seeking another debt restructuring.
Earlier, Kingfisher’s auditors raised questions about its viability and said it needed capital infusion to survive.
Shares in Kingfisher, valued at about $240 million, have lost 64 percent of its value so far this year. At 10:45 a.m. (0515 GMT), the stock was down 0.85 percent at 23.45 rupees in a choppy Mumbai market.
(Reporting by Aniruddha Basu; Editing by Rajesh Pandathil)
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