October 23, 2017

China protests USA 'freedom of navigation'

11 August 2017, 10:15 | Silvia Roy

US warship challenges China's claims in South China Sea

US Navy destroyer challenges Beijing in South China Sea

The United States and its regional allies have accused Beijing of inflaming tensions in the South China Sea by expanding islands and reefs into military installations, refusing multilateral negotiations over overlapping territorial claims and spurning a ruling previous year from an global tribunal that rejected the legality of China's claims to much of the sea. The vessel passed the island at a distance of 12 miles as part of what the United States authorities called "freedom of navigation operation".

Geng added the Chinese Navy identified the USA warship, warned and expelled it. It was not immediately clear if the Chinese demanded the US destroyer leave as they have done in the past.

Beijing also said it was "very displeased" with the warship's actions and urged the United States to respect to Chinese sovereignty and security.

China "scored a coup" during ASEAN's latest security summit when ASEAN countries issued a watered-down statement on the South China Sea disputes.

The United States has criticised China's construction of islands and build-up of military facilities in the sea, and is concerned they could be used to restrict free nautical movement.

Investec Asset Management Ltd Adjusts Its Ownership in Colgate-Palmolive Company (CL)
BidaskClub downgraded Colgate-Palmolive from a "sell" rating to a "strong sell" rating in a research note on Wednesday, July 12th. TIAA CREF Investment Management LLC raised its stake in shares of Colgate-Palmolive by 3.7% in the second quarter.

They sought compliance with an arbitration ruling previous year that invalidated China's claims in the South China Sea.

The U.S. Defense Department says FONOPs represent "a challenge to excessive maritime claims".

The Trump administration is dependent on Beijing to rein in the belligerent North Korea and have been pressing China to exert more economic and diplomatic pressure on the Kim Jong-un regime to prevent tensions from escalating further in the Korean peninsula.

USNI News notes this is the third patrol under the schedule presented to President Trump by the Office of the Secretary of Defense and U.S. Pacific Command.

Attracted by the strategic military location and the prospect of oil, China, Taiwan, Brunei, the Philippines, Malaysia and Vietnam have all laid territorial claim to the Spratly's and have occupied several islands.

Banco Santander, SA (SAN) has its outstanding shares of 15.98 Billion
On average, analysts expect that Banco Santander-Chile will post $1.77 EPS for the current fiscal year. RSI is a quick tool you can use to gauge overbought and oversold levels, the Relative Strength Index.

China has been especially assertive in the area recently, and has not shied away from harsh diplomatic confrontation with the other claimants.

Now it seems China's patience with the territorial row is running out.

In July 2016, in a case brought by the Philippines, an arbitral tribunal in the Permanent Court of Arbitration in The Hague found no legal basis for China's claim of "historic rights" within the Nine-Dash Line in the South China Sea.

The US does not recognise China's claims to the area.

The collection of islands, which is spread over a period of more than 150,000 square miles, is seen as of great military and territorial significance.

Magna International, Inc. (MGA) to Issue $0.28 Quarterly Dividend
Edward Jones downgraded shares of Magna International from a "buy" rating to a "hold" rating in a report on Wednesday, July 26th. Commonwealth Bank Of Australia decreased Magna International Inc (MGA ) stake by 13.41% reported in 2016Q4 SEC filing.

Other News

Trending Now

Misfire: Democratic Rep Calls Dana Loesch a Threat to National Security
On Thursday night, she she went after Loesch on Twitter over the circumstances that led to the death of Philando Castile . House member called the National Rifle Association and one of its chief spokeswomen a threat to national security.

Maren Morris and Niall Horan Recorded a Song Together
Horan played the track at Capitol Congress, a Hollywood gathering this week that previewed what's coming up on the record label. Horan was the first current member of One Direction to release a solo single when This Town came out past year (17).

Kinder Morgan, Inc. (KMI) Earns Buy Rating from Raymond James Financial, Inc
Old Mutual Customised Solutions (Proprietary) stated it has 32,000 shares or 0.08% of all its holdings. (NYSE:T) for 1.84M shares. Moreover, Nj State Employees Deferred Compensation Plan has 0.07% invested in Kinder Morgan Inc (NYSE:KMI) for 17,265 shares.

Nadal upset by Canadian teen in Montreal
Nadal easily won the first set but couldn't put the free-swinging Canadian away with a second set victory. You can't win every set, every match you play out there.

WW3 WARNING: Pentagon threatens to 'DESTROY' North Korea after Guam missile threat
The Democratic People's Republic of Korea (DPRK) must stand down its pursuit of nuclear weapons, U.S. He said Kim Jong Un's regime should listen to and "act on that clarity".

Salma Hayek Cooks Dinner At Ryan Reynolds and Blake Lively's Home
It's unclear why Hayek is doing the cooking, because we already know Blake Lively is a dang champion in the kitchen. She said: "I only work in the summer or in situations where I'm never apart from her".

Sonar attack? USA officials in Cuba suffer sudden loss of hearing
USA officials told AP that about five diplomats, several with spouses, had been affected and that no children had been involved. According to AP sources, investigators think that these devices had been deployed either inside or outside diplomats' homes.

Redskins LB Trent Murphy out for entire 2017 National Football League season
Murphy was already slated to miss the first four games of the season after being suspended for violating the NFL's PEDs policy . Murphy's injury occurred during a Baltimore Ravens run play midway through the first quarter.

Busey Trust CO Sells 3623 Shares of Wells Fargo & Company (NYSE:WFC)
Aureus Asset Management Ltd Liability Corporation holds 0.06% of its portfolio in Wells Fargo & Co (NYSE: WFC ) for 5,400 shares. Quarterly performance of the company shows declining momentum of -18.18% while its last one month trend is negative with -0.27%.

Discovery Communications, Inc. (NASDAQ:DISCK) Hits New 12-Month Low at $22.26
Finally, Advantus Capital Management Inc increased its stake in shares of Discovery Communications by 0.9% in the first quarter. Following the purchase, the chief financial officer now owns 20,000 shares in the company, valued at approximately $460,200.