– Interest Rate Decisions – The UK looked almost certain to have a rate hike in the first quarter of t

UNITED NATIONS Rob Havenstein Jersey , Dec. 22 (Xinhua) -- The UN Security Council on Friday adopted a new resolution to further tighten sanctions against the Democratic People's Republic of Korea (DPRK) in response to its ballistic missile launch late last month.


Resolution 2397, which passed the 15-member council unanimously, bans nearly 90 percent of refined petroleum product exports to the DPRK, by setting a ceiling of 500,000 barrels during a period of 12 months beginning Jan. 1 Tyler Higbee Jersey , 2018. It provides for the same amount in 12-month periods thereafter with conditions.


It also caps crude oil exports to the DPRK at the current level of 4 million barrels a year.


As an important measure to cut the source of funding for Pyongyang's nuclear weapon and ballistic missile programs, the resolution requires UN member states to repatriate all DPRK nationals earning income abroad immediately, but no later than 24 months from the date of adoption of this resolution.


In addition, the resolution bans DPRK exports of food and agricultural products; machinery; electrical equipment; earth and stone, including magnesite and magnesia; wood and vessels.


It bans the supply of industrial machinery Jared Goff Jersey , transportation vehicles, and iron, steel, and other metals to the DPRK.


The resolution provides for measures to stop ships illegally providing oil to the DPRK through ship-to-ship transfers and smuggling DPRK coal and other prohibited commodities by sea.


Member states may seize, inspect Samson Ebukam Jersey , freeze (impound) any vessel in their territorial waters, should they have reasonable grounds to believe that the vessel was involved in activities, or the transport of items, prohibited by Security Council resolutions, reads the text.


The resolution puts 19 new DPRK individuals Josh Reynolds Jersey , most of them DPRK overseas bank representatives, and the Ministry of the People's Armed Forces, which manages the general administrative and logistical needs of the Korean People's Army, on a list for a global asset freeze and travel ban.


UN Secretary-General Antonio Guterres welcomed the unanimous adoption of the resolution.


"The secretary-general welcomes the continued unity of the Security Council, which is essential to achieve the goal of de-nuclearization and create the space for diplomatic initiatives aimed at achieving it in a peaceful manner John Johnson Jersey ," said Guterres' spokesman Stephane Dujarric in a statement.


The secretary-general supports the Security Council's desire for a peaceful, diplomatic and political solution to the situation, as well as its call for further work to reduce tensions, said the statement. He reaffirmed his commitment to working with all parties to that end.


The secretary-general called on all UN member states to ensure the full implementation of the relevant Security Council resolutions and to redouble efforts to make 2018 a pivotal year for the achievement of sustainable peace on the Korean Peninsula.


"The only way forward for a comprehensive peaceful and political solution requires de-escalation and open communication channels, now Cooper Kupp Jersey ," said the statement.


The resolution reiterates the importance of maintaining peace and stability on the Korean Peninsula and in Northeast Asia at large, and expresses its commitment to a peaceful, diplomatic, and political solution to the situation.


It welcomes efforts by the council members as well as other states to facilitate a peaceful and comprehensive solution through dialogue, and stresses the importance of working to reduce tensions on the Korean Peninsula and beyond.


The resolution reaffirms support for the Six Party Talks involving the DPRK and the Republic of Korea Gerald Everett Jersey , China, Japan, Russia and the United States, and calls for their resumption.


Resolution 2397 is the 10th Security Council resolution that contains sanctions against the DPRK since 2006, when it carried out its first ever nuclear weapon test. It is the third resolution that contains sanctions in 2017 alone.


The euro still remains very strong against the pound despite the ongoing problems shown by the European Debt and the probable bailouts or defaults. I have read today of a report casted by the BBC which stated two thirds of European economists surveyed expect Greece to default on their debt.


Last year such an announcement would have had the markets in absolute turmoil Todd Gurley II Jersey , indeed much of last years weakness on the euro was due to the debt crisis.


This year despite the well publicised problems in Portugal, Ireland, Greece and Spain the Euro remains a very unattractive prospect for those looking at buying overseas property. This is due to a number of factors:


– EFSF – The European Financial Stability Facility is designed to act a safety net for indebted European nations. The fund has recently been made permanent and has given the markets the confidence that the ECB and stronger Eurozone members are serious about coming to the financial aid of the weaker members – a criticism levied at many members. As discussed European Debt concerns had been a major weight on the euro last year but now the issue is well known and appears to be being dealt with confidence has been restored. It is worth noting that longer term this is likely to be the issue that could present Euro weakness as concerns arise over the inability of the indebted nations to repay their debts.
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– Interest Rate Decisions – The UK looked almost certain to have a rate hike in the first quarter of this year and the pound made strong gains on the euro as investors positioned themselves for the event. We then had a barrage of data releases showing that in all probability the UK wasn’t ready for a hike and as such these positions were unwound and led to sterling weakness. Conversely the Eurozone has been floating the prospects of an interest rate hike as soon as next month. With unemployment falling i. Wholesale Jerseys China Wholesale Jerseys From China http://www.wholesalecheapsoccerjerseyschina.com/ Wholesale Jerseys For Cheap Wholesale NFL Jerseys China Wholesale NCAA Jerseys Wholesale Jerseys From China Wholesale Custom Baseball Jerseys Wholesale Soccer Jerseys Online Cheap Jerseys China