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Anything better (hope) from Friday's last report?
World | Fri Jul 22, 2016 12:31pm EDT Related: WORLD, CHINA, SOUTH CHINA SEA
Exclusive: Top Obama aide to take call for South China Sea calm to Beijing
WASHINGTON | BY MATT SPETALNICK AND DAVID BRUNNSTROM
U.S. National Security Adviser Susan Rice will urge Beijing next week to avoid escalation in the South China Sea when she makes the highest-level U.S. visit to China since an international court rejected its sweeping claims to the strategic waterway.
Even as Washington has sought to keep a lid on the situation, Rice - in an interview with Reuters – vowed that the U.S. military would continue to “sail and fly and operate” in the South China Sea, despite a Chinese warning that such patrols could end “in disaster.”
With less than six months remaining of President Barack Obama's tenure, Rice’s broader mission in her July 24-27 trip is aimed at keeping overall ties between the world’s two largest economies, which she called “the most consequential relationship we have,” on track at a time of heightened tensions. "I'll be there to advance our cooperation," she said.
But the trip, due to be formally announced later on Friday, follows a July 12 ruling by the Permanent Court of Arbitration in The Hague that China has no historic title over the waters of the South China Sea. Beijing has angrily rejected the verdict and pledged to pursue claims that conflict with those of several smaller neighbors.
“I’ve been in communication with our Chinese counterparts over the last couple of weeks … We understand each other’s perspectives clearly,” Rice said when asked what message she would deliver to the Chinese. “We’ll urge restraint on all sides."
Her trip, to include Beijing and Shanghai, will coincide with visits by U.S. Secretary of State John Kerry to Laos and the Philippines where he is expected to try to reassure Southeast Asian partners of Washington’s commitment.
The United States is also using quiet diplomacy to persuade claimants like the Philippines, Indonesia and Vietnam not to move aggressively to capitalize on The Hague ruling, U.S. officials have said.
TEST OF U.S. CREDIBILITY
How Washington handles the aftermath of the ruling is widely seen as a test of U.S. credibility in a region where it has been the dominant security presence since World War Two but is now struggling to contain an increasingly assertive China.
China has responded to the ruling with sharp rhetoric. But a senior official said, “So far there has not been precipitous action” and Washington was hoping confrontation could be avoided.
“We are not looking to do things that are escalatory," another senior U.S. official said. "And at the same time we don’t expect that they (the Chinese) would deem it wise to do things that are escalatory.”
Despite that view, two Chinese civilian aircraft conducted test landings at two new military-length airstrips on reefs controlled by China in the Spratly Islands shortly after the arbitration ruling.
And signaling Beijing’s plans to further stake its claim to contested waters, a Chinese state-run newspaper said that up to eight Chinese ships will offer cruises to the South China Sea over the next five years.
China has blamed the United States for stirring up trouble in the South China Sea, a strategic waterway through which more than $5 trillion of trade moves annually.
Citing international rules, the United States has conducted freedom-of-navigation patrols close to Chinese-held islands where China has been bolstering its military presence.
Rice is expected to meet Chinese President Xi Jinping during her visit and her agenda will include North Korea, economic issues and human rights. She will also lay the groundwork for Obama’s talks with Xi at a G20 summit in China in September, U.S. officials said.
But with the South China Sea issue looming large, Rice, who has led U.S. policymaking on China, said the United States and China have “careful work to do to manage our differences.”
She also said the administration would not allow crises in other parts of the world, from Syria to Turkey to Ukraine, to distract from Obama's signature policy of “rebalancing” toward Asia. “We don’t have the luxury as the world’s leading power to devote our attention to one region and ignore another,” she said.
(Reporting by Matt Spetalnick and David Brunnstrom; Additional reporting by Lesley Wroughton; Editing by Cynthia Osterman)
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I Hope.
Gnoonster Thank you for your reply.
World | Fri Jul 22, 2016 3:40am EDT Related: WORLD
Philippines' oil still in troubled waters after South China Sea ruling
MANILA | BY ENRICO DELA CRUZ
The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea.
The Philippines relies overwhelmingly on imports to fuel its fast-growing economy. That reliance will grow further in a few years when the main source of domestic natural gas runs out, so the clock is ticking for it to develop offshore fields that China shows no sign of loosening its grip on.
Beijing has refused to recognize the ruling by the Permanent Court of Arbitration that granted the Philippines sovereign rights to access offshore oil and gas fields, including the Reed Bank, a shallow tablemount some 85 nautical miles off its coast.
And as long as things stay that way, the Philippines will have a hard time finding much-needed foreign expertise willing to risk upsetting China, officials and experts say.
According to U.S. oilfield services company Weatherford, one concession - SC 72 - contains 2.6-8.8 trillion cubic feet of natural gas. That would be as much as triple the amount discovered at the Malampaya project, an offshore field that powers 40 percent of the main island of Luzon, home to the capital Manila.
Malampaya, which was developed by Royal Dutch Shell (RDSa.L) and began operations in 2001, is approaching the end of its productive life. Its only viable replacements are in waters that China insists it will not cede.
"Malampaya is going to run out of gas in 10 years so there is urgency for us to develop the Reed Bank," said Antonio Carpio, a supreme court associate justice.
Carpio was part of the legal team that made the case in The Hague and said a big factor in the Philippines' decision to pursue arbitration in 2013 was China's obstructions around Reed Bank.
"Every time we send a survey ship there, Chinese coastguard vessels harass our survey ships," he told news channel ANC. "That's why we had to do something."
DEFERRED BY DISPUTES
The U.S. Energy Information Administration believes that beneath the South China Sea could be 11 billion barrels of oil, more than Mexico's reserves, and 190 trillion cubic feet of natural gas.
Most foreign firms with capital and technology needed to develop those reserves, however, don't want to risk being caught up in spats over jurisdiction and have avoided concessions offered in disputed waters.
Manila's state-run Philex Petroleum (PXP.PS) has the controlling stakes in two stalled concessions, the 880,000-hectare SC-72 at the Reed Bank and the 616,000-hectare SC-75 off the island of Palawan.
The court verdict on July 12 sparked a surge in energy stocks the next day, with Philex shares up as much as 21 percent.
Philex says it is seeking a meeting with Philippine energy officials regarding the potential to lift a suspension order on drilling activities in the Reed Bank, in place since December 2014.
"It's a matter of national importance. We don't want to move on our own without guidance from the government," Philex Chairman Manuel Pangilinan told reporters.
"We will need a partner ... no local company has the expertise that we need."
Department of Energy spokesman Felix William Fuentebella said there were no immediate plans to lift the suspension as the department awaited guidance from new President Rodrigo Duterte.
"The moratorium stays. We are exploring ways to resolve the conflict peacefully and we follow the lead of the President," he said.
Manila and Beijing have both expressed a desire to resume talks, but the Philippines says it could not accept China's pre-condition of not discussing the ruling.
CONCESSION TO SHARE?
Without an agreement between Manila and Beijing, finding development partners would be difficult, said Andrew Harwood, a Southeast Asia upstream analyst at Wood Mackenzie.
"There has to be some softening of Beijing's stance before any companies would be willing to go and drill in any of the disputed areas," he said.
China has involved energy businesses in diplomatic disputes previously.
In May 2014, state-owned China National Offshore Oil Corporation (CNOOC) moved its Haiyang Shiyou 981 oil rig into Vietnam's Exclusive Economic Zone, guarded with a flotilla of coastguard ships. In a tense standoff, Vietnam protested vehemently and sent ships to try to disrupt operations.
Surveying on the disputed Reed Bank concessions began in 2003 under a Joint Marine Seismic Undertaking (JMSU) between Philippine state-owned PNOC Exploration Corp, CNOOC and state-owned PetroVietnam. Manila did not extend the agreement when it lapsed in 2008 after criticism from within the Philippines that the deal compromised its sovereignty.
The pact also caused a diplomatic upset in Southeast Asia as it was seen as undermining regional solidarity against an assertive China.
But some Filipino oil executives think teaming up again with CNOOC could solve problems on both the diplomatic and logistical fronts.
Pangilinan of Philex said he would not close the door on a China JV, while Philex President Daniel Stephen Carlos said a "farm-in" type deal was also being looked at.
Rufino Bomasang, a former Philippines energy ministry undersecretary and current executive chairman of Otto Energy Investments, an oil and gas exploration and production company, said restarting the JMSU with CNOOC should be considered.
"It is something worthwhile resuming," Bomasang told Reuters. "If there's good faith on both sides, why not? And I hope so."
CNOOC did not respond to a request for comment.
China's Foreign Ministry did not directly answer a question submitted by Reuters about whether the government would permit a Chinese firm to join up with Philex, but said in a faxed statement that Reed Bank was Chinese territory.
China wants to resolve the South China Sea issue through talks and is willing to set aside disputes for joint development before a resolution is reached, the ministry added.
"China is willing to have consultations and dialogue with the Philippines about this," it said, without elaborating.
(Additional reporting by Florence Tan in SINGAPORE and Aizhu Chen and Ben Blanchard in BEIJING.; Writing by Martin Petty.; Editing by Lincoln Feast.)
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CAN YOU CORRECT IT? Go on Pinksheets.com print the GRCU and click Company profile, I dont think the pink sheets lies because Gluc belongs on Pink sheets and the last up date is on 2016, also see all the R/Splits.
R/S IS ON THE WAY, The Co. has 600 million O/S Shares and 800 million Authorized. REMEMBER IT
Be careful people, you deal with pink sheets, I have bad experience with pennies stocks and every body has the same. Don't believe every thing that read even if it sounds so good, probably is not true. On this one do you see any sec filing? Pink sheets do not have to be fully reporting companies with the security and exchange commission Security (SEC) Quatation of a security in the pink sheets
does not itself create any on going filing or reporting obligation with SEC or the NASD for the issuer. You may ask is going happen something bad for this one? maybe not if really what they say is serious. I am sure every body has bad experience with pennies stocks. Me I lost my pants and my shirts. DO I HAVE STOCKS of GRCU? YES I DO, 100.000 at .013 and I will happy and I will thank GOD if I will sell at .03
What is the Pink Sheets:
People don't believe everything that you hear or read. And if it sounds too good to be true it probably isn't true. This is what the pinksheets.com says if you read it everything. Good luck
Hain thank you for your post. Is there any date set that finally will start to drill?
It is better to issue more shares, there will be more volume if in the mean time there will be a PR with good sales. It will have good sales and so good profit as well, because the herbal works as a miracle, 2 of my friend they order too and they are happy.
World | Fri Jul 15, 2016 5:53am EDT Related: WORLD, CHINA, SOUTH CHINA SEA
Philippines' official hails South China Sea ruling a 'crowning glory'
MANILA/ULAANBAATAR | BY NEIL JEROME MORALES AND SUE-LIN WONG
Chinese ship and helicopter are seen during a search and rescue exercise near Qilian Yu subgroup in the Paracel Islands, which is known in China as Xisha Islands, South China Sea, July 14, 2016. REUTERS/Stringer REUTERS
Chinese ship and helicopter are seen during a search and rescue exercise near Qilian Yu subgroup in the Paracel Islands, which is known in China as Xisha Islands, South China Sea, July 14, 2016.
REUTERS/STRINGER REUTERS
A decision invalidating China's vast claims in the South China Sea was a "crowning glory" that renews faith in international law, the Philippines' top lawyer said on Friday, in Manila's strongest comment yet on its sweeping win.
The remarks by Solicitor General Jose Calida follow two days of carefully calibrated responses from the Philippines and are almost certain to irritate China further.
Manila has so far been keen not to rock the boat in the hope of starting dialogue toward Beijing allowing it to exercise what the Permanent Court of Arbitration in The Hague ruled were its sovereign maritime rights.
"It confirms that no one state can claim virtually an entire sea. The award is a historic win not only for the Philippines ... it renews humanity's faith in a rules based global order," Calida told a forum on the South China Sea.
"The award opens a horizon of possibilities for all stakeholders. The award is a crowning glory of international law."
Speaking at a meeting of Asian and European officials in Mongolia, Philippine Foreign Minister Perfecto Yasay said Manila "strongly affirms its respect for the milestone decision" while reiterating his call for "restraint and sobriety".
China has refused to recognize Tuesday's ruling and did not take part in its proceedings. It has reacted angrily to calls by Western countries for the decision to be adhered to.
China's Foreign Ministry on Friday said Beijing's position on the case had the support of Laos, the current chair of the Association of South East Asian Nations (ASEAN), a regional bloc long dogged by discord over how to deal with China's maritime assertiveness.
The verdict was discussed on Thursday between Chinese Premier Li Keqiang and Lao Prime Minister Thongloun Sisoulith ahead a regional summit in Mongolia.
RELATED COVERAGE
› China media again touts plans to float nuclear reactors in disputed South China Sea
"Thongloun said that Laos supports China's position, and is willing to work with China to maintain peace and stability in the South China Sea region," the ministry said in a statement.
The statement did not elaborate. Laos' foreign ministry did not responded to Reuters' request for comment and its state media made no mention of Thongloun's comments to Li.
Land-locked Laos, which is boosting economic ties with China, will be hosting a security meeting later this month at which the South China Sea is expected to dominate. ASEAN has not issued a statement about the ruling and its members have not said why.
China's foreign ministry later said Cambodia's Prime Minister Hun Sen had told Li that Cambodia would uphold a "fair and objective stance" on the South China Sea issue and work to maintain friendly China-ASEAN relations, according to a statement.
Asked about Cambodia's position, Foreign Affairs Minister Prak Sokhonn told Reuters: "We are not involved in this arbitration case and just wish to stand by our policy of neutrality."
CAUTIOUS APPROACH
China has previously said it has widespread support for its rejection of the case but many countries have stuck to cautious comments about resolving disputes peacefully and respecting international laws.
China claims much of the South China Sea, through which more than $5 trillion of trade moves annually. Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims.
Philippines' President Rodrigo Duterte ended his unusual silence at a private function late on Thursday and said he wanted dialogue with China and was considering sending former President Fidel Ramos to Beijing to get the ball rolling.
RELATED COVERAGE
› Japan PM tells China's Li international law must be respected: Kyodo
› Philippines foreign minister calls for South China Sea restraint
"War is not an option," he said. "So, what is the other side? - Peaceful talk."
Immediately after the ruling, the normally brash and outspoken Duterte privately told his ministers to be magnanimous and not to pique Beijing, according to one minister.
But the cautious tone appears to be changing in the Philippines, where there are signs of public disgruntlement with the subdued government response to a decision that most of the country was celebrating.
The United States, a key Philippines' ally, is urging Asian nations not to move aggressively to capitalize on the court ruling, according to U.S. administration officials.
The chief of its naval operations, Admiral John Richardson will discuss the South China Sea among other issues when he meets China's navy commander, Admiral Wu Shengli, from Sunday on a three-day trip to "improve mutual understanding", according to a U.S. navy statement.
Chinese state media on Friday reported again that China aims to launch a series of offshore nuclear power platforms to promote development in the South China Sea. Experts said little progress had been made on the plan, which would likely stoke further tensions.
(This version of the story corrects title of Hun Sen in paragraph 13 to prime minister from president)
(Additional reporting by Simon Webb in BANGKOK, Ben Blanchard and Megha Rajagopalan in BEIJING and Chan Thul Prak in PHNOM PENH.; Writing by Martin Petty.; Editing by Lincoln Feast.)
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Any good from this last PR
CALGARY, AB / ACCESSWIRE / July 14, 2016 / FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC"), would like to draw attention to the recent reports in the media regarding the ruling of the Permanent Court of Arbitration in the Hague with respect to claims of the Peoples Republic of China ("China") over resources in the South China Sea. While the ruling is clearly not in support of China's claims, the findings have been rejected by China. It is uncertain whether this ruling will resolve the dispute between the parties.
FEC Resources' major asset is an 18.42% shareholding in Forum Energy Limited whose major asset is a 70% interest in a potentially valuable gas field which is located in an area in the South China Sea which is subject to the dispute between China and the Republic of the Philippines. Drilling of the South China Sea prospect held by Forum Energy Limited is currently under Force Majeure as a result of the dispute.
On behalf of the Board of,
FEC Resources, Inc.
Paul Wallace
When China and Philipine they start negotiation for the drilling, if some body knows.
VERY GOOD HERBAL, for me works fine, every day my sugar is around 90
Correction: I mean will issue NOT ISSUED
Issued shares or F/S will be for sure, the Co. can not be with 2.5 million shares it is a fact.
I don't understand what the hell China think he is. Then Mexico will come out side the NY coast to claim that is theirs water and belongs to them because was fishing one thousand years ago.China made fake islands and no body talk from big powers like USA Russia England Europe etc. Obama said yesterday that he cant involve in south china. Is he president of the US empire? If I am wrong please some one can correct me. Have a good day.
VICTORY ?
And now do I have to buy some more shares and to call my self RICH?
Judges at an arbitration tribunal in The Hague on Tuesday rejected China's claims to economic rights across large swathes of the South China Sea in a ruling that will be claimed as a victory by the Philippines.
"There was no legal basis for China to claim historic rights to resources within the sea areas falling within the 'nine-dash line'," the court said, referring to a demarcation line on a 1947 map of the sea, which is rich in energy, mineral and fishing resources.
In the 497-page ruling, judges also found that Chinese law enforcement patrols had risked colliding with Philippine fishing vessels in parts of the sea and caused irreparable damage to coral reefs with construction work.
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World | Mon Jul 11, 2016 12:50am EDT Related: WORLD, CHINA, SOUTH CHINA SEA
Beijing says should be no South China Sea talk at Asia-Europe summit
BEIJING | BY BEN BLANCHARD
A ship (top) of the Chinese Coast Guard is seen near a ship of the Vietnam Marine Guard in the South China Sea, about 210 km (130 miles) off shore of Vietnam May 14, 2014. REUTERS/Nguyen Minh/File Photo
A ship (top) of the Chinese Coast Guard is seen near a ship of the Vietnam Marine Guard in the South China Sea, about 210 km (130 miles) off shore of Vietnam May 14, 2014.
REUTERS/NGUYEN MINH/FILE PHOTO
The South China Sea is not on the agenda and should not be discussed at a major summit between Asian and European leaders in Mongolia at the end of the week, a senior Chinese diplomat said on Monday.
The Asia-Europe Meeting, or ASEM, will be the first important multilateral diplomatic gathering after the July 12 ruling by an arbitration court hearing a dispute between China and the Philippines over the South China Sea.
Tensions and rhetoric have been rising ahead of the ruling in the Dutch city of The Hague, a case which China has refused to recognize or participate in. Beijing says the court has no jurisdiction and China cannot be forced to accept dispute resolution.
China has repeatedly blamed the United States for stirring up trouble in the South China Sea, where its territorial claims overlap in parts with Vietnam, the Philippines, Malaysia, Brunei and Taiwan.
Chinese Assistant Foreign Minister Kong Xuanyou signaled discussion of the South China Sea would not be welcomed at the event, which happens once every two years, as it's designed to discuss issues between Asia and Europe.
"The ASEM leaders summit is not a suitable place to discuss the South China Sea. There are no plans to discuss it there on the agenda for the meeting. And it should not be put on the agenda," Kong told a news briefing.
However, Beijing-based diplomats involved with preparations for ASEM say it is inevitable the South China Sea dispute will be raised at the summit, which is expected to be attended by Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel.
The United States has conducted freedom of navigation patrols close to Chinese-held islands, to Beijing's anger, while China has been bolstering its military presence there.
Kong said that if there are tensions in the South China Sea it is because certain countries outside the region have been putting on shows of force and interfering.
"There is no reason to get the South China Sea issue into this ASEM meeting citing freedom of navigation and security interests as causes of concern. It's got no leg to stand on," he added.
FILIPINOS TOLD "DON'T TALK POLITICS"
Ahead of the ruling, Philippine nationals in China this weekend received mobile phone text messages from their embassy, warning them not to discuss politics in public and to avoid engaging in discussions on social media. They were advised to carry their passports and residency permits with them at all times and to contact the embassy or Chinese police if there are any untoward incidents.
China says much of the building and reclamation work it has been doing in the South China Sea is to benefit the international community, including for civilian maritime navigation.
The official China Daily said on Monday that China will soon start operations of a fifth lighthouse in the South China Sea, on Mischief Reef.
Taiwan is also watching the case closely.
Its single holding of Itu Aba is the biggest feature in the Spratlys and the one some analysts believe has the strongest claim to island status and an exclusive economic zone.
"If the ruling touches on our sovereign rights we will respond strongly," said deputy foreign minister Leo C.J. Lee to lawmakers in a parliamentary committee session on Monday.
The coast guard, which directly oversees Itu Aba with the support of the military, will not "soften" its defense of the island, coast guard chief Lee Chung-wei added.
(Additional reporting by J.R. Wu in Taipei and Benjamin Kang Lim in Beijing; Editing by
When we will know the final agreement, this month?
Bluechips, I did already, and remember this GLUC herbal is going to write history for diabetics. In some diabetic people it will take about 2-3 weeks to start to work, but it will. I found today when I checked the blood sugar in the morning 79, UNBELIEVABLE
GLUCOSE HEALTH it works for me. I am diabetic I order it 3 weeks ago from the wall mart in Seattle. Arrived in 3 days. I start To take it, the last 5 days I see the good results. Before my sugar level in the morning it was 130-160 now is 85-100, with the same diet the same life. Looks that for me may be the miracle. I Wish the same to all those who suffer with Diabetes.
GLUC IR, Very encouraging, Thanks
willlbone,its not true? if not can you correct it. Everybody have experience on pink sheets and every body on this board remembers 2014, 2 R/S within 10 months. Is going happen again? can the Co. guarantee it? of course NO, not just this Co. but any on pink or otcbb this is for sure, but lets hope the good way, the $1:00-$1.50 it is for me possible, this reflects my personal opinion.
You Guys: Pink sheets do not have to be fully reporting companies with the securities and Exchange Commission (SEC). Quatation of a security in the pink sheets does not itself create any on going Filing or reporting obligation with SEC or the NASD for issuer. At this moment the GLUC can issue tens of million shares without any immediately report if they think so for their own interest. That what is pink sheets. I hope that will not happen with GLUC. My self I have 10.000 Shares and I hope I will not loose my $$ GOOD LUCK TO ALL on this board
And this is today's Sunday
Saturday' news from ROUTER. Does any body more expert than me understands this Saturday's news from ROUTER?
Your respond would be greatly appreciated.