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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (1225)10/19/2005 2:14:52 AM
From: TobagoJack  Read Replies (2) | Respond to of 217689
 
.... forget liquidity, this is fun, planetdan.net can simply watch, or grab him with your mouse clicker, and drag him around, shake him, or put him in different poses :0)



To: Taikun who wrote (1225)10/19/2005 7:26:50 AM
From: elmatador  Respond to of 217689
 
Iran blocks imports of UK and S. Korean goods in an apparent attempt to pressure the two nations over their opposition to Iran's nuclear program, diplomatic and industry sources said on Wednesday.

"Basically it means that goods are being held up in customs, letters of credit for imports are not being granted and so on," said a British diplomat who declined to be named.

"This is Iran's first step to limit its trade relations with countries with a hostile policy toward Iran," the paper said.

The Farhang-e Ashti newspaper on Wednesday said imports from Argentina and the Czech Republic had also been halted.

Iran bans UK, Korea trade over atomic issue: sources

Wednesday, October 19, 2005 6:26 a.m. ET

By Paul Hughes and Parisa Hafezi

TEHRAN (Reuters) - Iran is blocking imports of British and South Korean goods in an apparent attempt to pressure the two nations over their opposition to Iran's nuclear program, diplomatic and industry sources said on Wednesday.

Iran said last month it could use trade to punish countries that voted for an International Atomic Energy Agency (IAEA) resolution on referring Tehran to the U.N. Security Council for possible sanctions over its nuclear program.

"We have received a verbal order from the Commerce Ministry, about a trade ban imposed on South Korean and British companies," an official at a state manufacturing company, who spoke on condition of anonymity, told Reuters.

He said the order was due to the two countries' "hostility" toward Iran, such as over its nuclear program which Tehran insists is purely for peaceful purposes.

Commerce Minister Massoud Mirkazemi declined to confirm the import bans, but the semi-official ISNA students news agency quoted him as saying: "Iran's national interests should be considered all the time. This consideration is true in the case of those countries which have an unfair policy regarding Iran."

Diplomats said they had enough evidence to confirm the order.

"Basically it means that goods are being held up in customs, letters of credit for imports are not being granted and so on," said a British diplomat who declined to be named.

While Iran's oil and gas exports were not affected, the order may impinge on energy operations, which often rely on imported equipment and technology.

An official at a state-run South Korean trade agency noted reports that the Iranian trade agency had been rejecting permits for South Korean products.

INAPPROPRIATE

South Korean Foreign Minister Ban Ki-moon said at a briefing he could not confirm whether the ban had been imposed.

"It would not be appropriate for Iran to take this type of action for a position we have taken at an international organization," Ban said, referring to the IAEA vote.

In a meeting with Korea's new ambassador to Tehran this week, Iran's President Mahmoud Ahmadinejad warned that the Islamic republic wanted to strike a balance between its economic and political ties with other countries.

Korean products have won a large share of Iran's consumer market in recent years, particularly in electrical goods through manufacturers like Samsung and LG.

Britain, which aside from the nuclear issue is also engaged in a row with Tehran over bombing accusations, has been on the receiving end of such trade measures several times in the past three years.

"Whenever things get a bit tense, this happens," the British diplomat said. The last time British goods were banned by Iran was in 2004 when an Iranian diplomat in the UK was facing an extradition request by Argentina.

The Farhang-e Ashti newspaper on Wednesday said imports from Argentina and the Czech Republic had also been halted.

"This is Iran's first step to limit its trade relations with countries with a hostile policy toward Iran," the paper said.

But diplomatic sources said these countries' trade problems with Iran were not new and were related to separate issues.

(Additional reporting by Jack Kim in Seoul)

Time for Brazil to make some business here.



To: Taikun who wrote (1225)10/19/2005 9:23:07 AM
From: TobagoJack  Read Replies (1) | Respond to of 217689
 
David, I am enthusiastic about the correction in energy and gold that will be. Just hope my nerve holds when the buying time becomes opportune.

It is good that energy is correcting.

I figure same old routine, when opportune, selling puts on stuff I want (the usual suspects), and mark time.

Must first get the hang of the interest rate rising environment, enhanced by defaults and bankruptcies, and now, perhaps Wilma the nasty.

I am pondering about terminating USD-denominated life insurance policies and use the cash value to either speculate or buy gold coins; seems a better way then waiting for same policies to be worth as much as toilet paper.

I cannot convince myself that the USD will suddenly collapse, as opposed to a gradual meandering.

I off-loaded Energy Split II and Trinidad Energy Services since our last conversation about trusts and such. I am still holding mucho COS and VET, and a smattering of Connarcher, Blackrock, Opti-Canada, and UTS. Comments?

Chugs, J