All the day’s economic and financial news, including a new healthcheck on the world’s factory sectorsLatest: US factory growth hits six-month lowBritain’s manufacturing growth slowsEurozone PMI highest since April 2011Eurozone unemployment rate falls againGerman DAX on track for record closing highAsian PMIs show solid growth 3.20pm BST It’s official, America’s manufacturing sector slowed last month.The Institute of Supply Management (ISM) just released its own report, and like Markit’s rival data it shows that the growth rate dipped.Manufacturing in U.S. kept expanding at a robust pace in March https://t.co/X7o7sRhNXe pic.twitter.com/eziy61EKTQISM prices paid index hits its highest level since May 2011 https://t.co/M1BM6YwsLJ pic.twitter.com/75EQOfIHDG 2.56pm BST The first of two healthchecks on America’s factory sector just arrived, and it’s a little disappointing.Markit’s monthly US manufacturing PMI has fallen by nearly one whole point, from 54.2 to 53.3. That’s the lowest reading since September 2016, signalling that growth has hit a six-month low.“The post-election resurgence of the manufacturing sector seen late last year is showing signs of losing steam. Output growth slowed to a six-month low in March, optimism about the outlook has waned and hiring has slowed accordingly.“While the survey data suggest that the goods producing sector enjoyed a relatively good first quarter on the whole, the loss of momentum seen in February and March bodes ill for the second quarter. Continue reading...
Oryx GTL, a joint venture of state-owned Qatar Petroleum 51% and Sasol Ltd. of Johannesburg 49%, has let a contract to a division of SNC-Lavalin Group Inc., Montreal, to provide long-term engineering and support services for its gas-to-liquids (GTL) complex at Ras Laffan Industrial City, Qatar.
Nov 5 (Reuters) - SNC-Lavalin Group Inc's new CEO said on Thursday the engineering and construction company is examining ways to cut costs to help meet 2017 margin targets, even as it reported third-quarter earnings per share that beat analysts' expectations.
ExxonMobil Corp. has let a front-end engineering design (FEED) contract to Kentz, part of SNC-Lavalin Group, for an oil processing facility that will increase production at West Qurna-1 field in Iraq.
Qatar Shell Ltd., a unit of Royal Dutch Shell PLC, has let a contract to a division of SNC-Lavalin Group Inc., Montreal, to provide long-term engineering, procurement, and construction management (EPCM) services for its Pearl gas-to-liquids (GTL) onshore and offshore installations in Ras Laffan Industrial City, Qatar.
Mitsui & Co has acquired an approximately 16% economic interest in the Astoria I power generation project from a subsidiary of SNC-Lavalin Group Inc. The company holds around 37% economic interest in total by this acquisition. The project is an IPP (Independent Power Producer) business that operates a gas-fired combined…
What investors need to know...
An Article by Nile Bowie published at PressTV on March 01, 2013 In his famous description of irregular warfare operations, former US President John F. Kennedy in a 1962 quote alludes to “another type of warfare,” one that is “new in its intensity, ancient in its origin-war by guerrillas, subversives, insurgents, assassins; war by ambush instead of by combat, by infiltration instead of aggression, seeking victory by eroding and exhausting the enemy instead of engaging him.” It preys on unrest. After two harrowing years of division, senseless killing and civil war, the scared Syrian nation and its people are well acquainted with these unconventional methods of warfare. Since the eruption of violence in March 2011, Syria has endured targeted assassination campaigns, ceaseless suicide bombings and shelling, and massacres where infants have had their throats slit to the spine - the time has come for the opposition to engage the Assad government in dialogue and finally bring about a ceasefire and the total cessation of violence and insurgency. From the reports of third-party sniper-fire targeting both protestors and security personnel in the southern city of Daraa at the very onset of the conflict, to the horrendous attacks on the students of Aleppo University in January 2013 - those who have critically monitored the situation from the beginning are under no illusions - the influx of armaments and mercenary elements from abroad into Syria has brought the situation to where it is today. Western capitals have provided logistics, coordination, political support, and non-lethal aid, Persian Gulf states such as Saudi Arabia and Qatar have openly provided weapons and monthly salaries for rebel fighters, and Turkey has allowed rebel fighters to receive training and arms from the US Central Intelligence Agency (CIA) in the southeastern part of the country, allowing militants to pass into Syria freely. Syria is being attacked by foreign powers who have deployed mercenaries and extremist fighters from abroad to engage in the destruction of infrastructure and conduct targeted assassinations to bring about an end to the Assad regime. Despite Washington’s concerns of heavy weapons falling into the hands of Al-Qaeda-linked militants, the US-backed campaign to coax regime change in Damascus has from the very onset enabled militants who justify their acts of terror in the name of a perverted interpretation of Islam. Reports from the Washington Post indicate that US support to anti-government groups in Syria began in 2005, transcending two presidential administrations: “The U.S. money for Syrian opposition figures began flowing under President George W. Bush after he effectively froze political ties with Damascus in 2005. The financial backing has continued under President Obama, even as his administration sought to rebuild relations with Assad. Syrian authorities ‘would undoubtedly view any U.S. funds going to illegal political groups as tantamount to supporting regime change,’ read an April 2009 cable signed by the top-ranking U.S. diplomat in Damascus at the time. ‘A reassessment of current U.S.-sponsored programming that supports anti-[government] factions, both inside and outside Syria, may prove productive,’ the cable said. The cables report persistent fears among U.S. diplomats that Syrian state security agents had uncovered the money trail from Washington.” The article describes how Washington funneled about $12 million to anti-government programs in Syria between 2005 and 2010 to recipients affiliated with the Syrian Muslim Brotherhood. Israel, which is now illegally conducting exploratory drilling in the occupied Golan Heights, and the US view the toppling of Damascus as a means of extinguishing the critical conduit between Iran and Hezbollah in addition to helping isolate the Palestinian resistance. Reports published in 2007 in the New Yorker by veteran journalist Seymour Hersh detail how the US, Israel and Saudi Arabia supported a regional network of extremist fighters and terrorists affiliated with al-Qaeda with the aim of stomping out Hezbollah and Syria’s Assad in a bid to isolate Iran, who is viewed as an existential threat to the US and its allies in the region. A principal component of this policy shift was the bolstering of Sunni extremist groups, hence the ever-deepening sectarian nature of the Syrian conflict: “To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has cooperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda.” While the CIA has purportedly claimed to distribute arms only to “secular” and “moderate” rebel forces, Washington insiders from various academic and think-tank circles have openly endorsed bizarre positions in favor of integrating terrorists into Syria’s rebel forces. “Al-Qaeda's Specter in Syria,” penned by Council on Foreign Relations senior fellow Ed Husain, argues in favor of Al-Qaeda terrorists and their inclusion in the Free Syrian Army, stating, “The influx of jihadis brings discipline, religious fervor, battle experience from Iraq, funding from Sunni sympathizers in the [Persian] Gulf, and most importantly, deadly results. In short, the FSA needs al-Qaeda now.” Foreign Policy’s, "Two Cheers for Syrian Islamists," penned by Gary Gambill of the heavily neo-conservative Middle East Forum, argues in favor of Al-Qaeda, “Islamists -- many of them hardened by years of fighting U.S. forces in Iraq -- are simply more effective fighters than their secular counterparts. Assad has had extraordinary difficulty countering tactics perfected by his former jihadist allies, particularly suicide bombings and roadside bombs.” While many Western media outlets once likened Syria’s rebels to pro-democracy freedom fighters, it has become more challenging to view them as anything other than Salafist radicals - the former’s existence was amplified specifically to provide cover and legitimacy for the violence and subversion of the latter. The Friends of Syria group recently convened in Rome, where the US State Department has pledged $60 million to help the opposition maintain "the institutions of the state" in areas under their control, such as establishing terms of governance, the rule of law, and police forces. Reports have also claimed that the US is also deliberating more open engagement in Syria under newly appointed US Secretary of State John Kerry, however, Washington has stopped short of openly providing arms and military training. American and western officials have told the New York Times that Saudi Arabia has recently financed a large purchase of infantry weapons from Croatia and funneled them to Syrian rebel groups. Although the United States is not credited with providing arms to rebel forces, New York Times has reported the presence of CIA officials in southern Turkey since June 2012, who are distributing weapons with the Obama administration’s blessing. US spokesperson Jay Carney was quoted saying, "We will continue to provide assistance to the Syrian people, to the Syrian opposition, we will continue to increase our assistance in the effort to bring about a post-Assad Syria." In early March 2013, the Syrian National Council (SNC) will meet in Istanbul to form a provisional government that would oversee rebel-held areas of the country. This wouldn’t be the first time the SNC has attempted to form a government; previous attempts in January 2013 fell apart, which many factions refusing to consider a prime ministerial nominee. SNC President Moaz al-Khatib has angered several factions for proposing his readiness to negotiate with the Assad government, a position that many in the opposition refuse to accept. It appears that the US State Department under John Kerry will soon shift its focus to helping the rebels establish a full-fledged alternative government on Syrian territory and recognize it as the legal government of Syria. Such a move would legitimize the transfer of heavy weaponry and would allow the US to directly employ airstrikes or Patriot anti-missile batteries against Assad’s forces. Some would argue that these moves could help marginalize the notable al-Qaeda presence among rebel forces. Pumping more arms and heavier weapons into Syria is unconscionable at this point, and continuing to do so will inevitably bolster the muscle and reach of jihadi and Salafist fighters. The argument that the US and its allies have only armed the “moderate” rebels is a deeply flawed one; weapons are highly in demand by all rebel factions and there is little means of effectively preventing arms from gravitating toward hardcore Al-Qaeda fighters. Western and Persian Gulf states have proven their double standards by enabling radicals elsewhere - lest we forget the presence of Libyan military commander Abdulhakim Belhadj, former leader of the militant Libyan Islamic Fighting Group (officially designated as a terrorist organization by the US State Department), who was sent to Syria to aid the Free Syrian Army on orders of the entity formerly known as the Libyan National Transition Council (NTC). The track record of allied Western and Gulf states shows that they are more interested in enabling terrorism for their own purposes rather than preventing it. International recognition of a provisional SNC government would only create further divisions at a time when national unity is most needed. Although rebel-held areas are badly isolated and in need of humanitarian supplies, the delivery of aid must be facilitated through direct talks and partnership between Moaz al-Khatib’s Syrian National Council and Bashar Al-Assad’s government. Syrian ambassador to the UN Bashar al-Jaafari has recently urged Friends of Syria states to convince the Syrian opposition to sit for an unconditional national dialogue, which al-Khatib has expressed willingness to take part in. One could surmise that al-Khatib’s shift toward dialogue indicates that the SNC is feeling less secure and more wary of a possible military defeat or rivalry with radical factions. Such a dialogue would undoubtedly represent a step in the right direction. Despite political differences and two years of deep conflict, these two parties must establish a genuine ceasefire and partner to restore a climate of normality throughout the country. In this context, both parties must be able to agree on coordinating aid distribution to all parts of the country. Both the incumbent Syrian authorities and the opposition must find strength to come to a mutually acceptable compromise. These parties have no option other than to search for a solution, lay down an agreeable constitutional basis for elections, and face each other in international monitored polls once the situation stabilizes. The Syrian people must not have democracy imposed on them, and the victor of this war should not be decided on the battlefield, but by the ballot box. To gain the confidence of the electorate, election observers from the US, Qatar, Russia, and Iran could be sent to monitor the transition process - if the people of Syria want Assad to remain in power, then the rule of majority must be honored. Militant groups comprised of mostly hardline foreign fighters such as Jabhat al-Nusra and the Islamist Ahrar al-Sham cannot be expected to participate in a ceasefire, so the true test of a short-term alliance between Assad and the SNC would be in its ability to cooperate in quelling radical militants and restoring stability - such is a perquisite for any kind of transition. Former US Secretary of State Hilary Clinton once threatened Russia and China that they would “pay a price” for their position on the Syrian issue. It should be noted that these powers maintained a balanced approach throughout and advocated dialogue from the start, in addition to stringently adhering to former UN Envoy Kofi Annan’s six point peace plan. Iran should also be given due credit for hosting an International Consultative Conference in August 2012, which brought together representatives of thirty nations to call for ending the flow of foreign arms into terrorist hands inside Syria, proposals to broker a meaningful ceasefire, the coordination of humanitarian aid, and support for Syrian people's right to reform without foreign interference. Iranian Foreign Minister Ali Akbar Salehi was quoted in the Washington Post stating, “Syrian society is a beautiful mosaic of ethnicities, faiths and cultures, and it will be smashed to pieces should President Bashar al-Assad abruptly fall. The idea that, in that event, there would be an orderly transition of power is an illusion. Abrupt political change without a roadmap for managed political transition will lead only to a precarious situation that would destabilize one of the world’s most sensitive regions.” It is clear that the Bashar al-Assad government is more stable than many Western states anticipated, and it continues to enjoy popular support. Hezbollah leader Sheikh Hassan Nasrallah recently warned against sectarian infighting in Lebanon related to the Syrian civil war, arguing that outsiders are pushing Lebanon “toward civil and religious strife, and specifically Sunni-Shia strife." Iraqi PM Nouri al-Maliki also warned that a victory for rebels would “create a new extremist haven and destabilize the wider Middle East.” The Syrian regime will not imminently collapse but if it is brought down by military intervention, the consequences could lead to a highly unpredictable situation where match and tinder can meet at any moment with debilitating consequences for the region. It is time for both parties to convene. It is time to end this war. NB/HMV/SL Nile Bowie is an independent political commentator and photographer based in Kuala Lumpur, Malaysia. He can be reached at nilebowie(at)gmail.com Published at: http://www.presstv.ir/detail/2013/03/01/291377/diplomacy-only-way-out-of-syria-crisis/
Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe The opposition Syrian National Coalition says the world is sitting idly by as hundreds of people are killed every day. They say they'll boycott international talks until world leaders come up with a concrete agenda. Speaking to Al Jazeera from Cairo, Louay Safi, chair of the political office of the Syrian National Coalition, said the group wants the United Nations Security to Council to "make a clear condemnation of [Damascus] using these weapons against populated areas." At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
53 dead and more than 230 reportedly injured in blast near Assad party headquarters which rebels blame on regimeSyria's government blamed terrorists for a car bomb it said killed 53 people in central Damascus near the headquarters of the ruling Ba'ath party on Thursday, as pressure mounted for talks between the government and opposition.Children from a nearby school and Nayef Hawatmeh, leader of the Democratic Front for the Liberation of Palestine, were among more than 230 people reportedly injured in the blast in the Mazra'a district of the capital. The explosion also damaged the Russian embassy.Sana, the state news agency, said the perpetrators were supported by "America, Zionism and some Gulf states".The explosion shattered windows and sent up a huge plume of smoke that was visible across much of Damascus, which has mostly avoided the large-scale violence that has destroyed other Syrian cities. However, car bombings have targeted government buildings before.The Free Syrian Army, the main armed opposition group, denied responsibility for the blast and blamed it on the Assad regime. Opposition media claimed that emergency services vehicles were waiting nearby shortly before – a charge often made after attacks of this kind.The Syrian National Coalition (SNC), the main opposition political formation, said the regime was responsible for causing "terror and instability".Opposition sources reported two or three other explosions elsewhere in the city. Fighting erupted in Barzeh between government and rebel forces, according to al-Jazeera TV. Artillery fire was reported from Qaboun and the Yarmouk Palestinian refugee camp. Video posted online by opposition activists showed smoke rising from Mount Qassioun overlooking Damascus.On the political front, the SNC reiterated its willingness to negotiate an agreement to end the war but insisted the president could not be a part of a settlement, according to a communiqué drafted for an opposition meeting.The document makes no direct reference to Bashar Assad's removal, an apparent softening of tone compared with past positions that have demanded that he step down as a precondition for any talks.The document, debated at a meeting of the opposition leadership starting in Cairo on Thursday, , says Assad and his aides must be held accountable for bloodshed that has claimed the lives of 70,000 people since March 2011. It also states that any peace deal must be under the auspices of the US and Russia – a significant detail that hints at the potential role the two UN security council members could play.The outcome of the meeting will be closely watched in the light of the recent call by the SNC leader, Moaz al-Khatib, for talks with representatives of the regime, specifically with vice-president Farouq al-Sharaa.Khatib's proposal unleashed furious controversy in opposition ranks but he appears to enjoy support from key figures in exile as well as in Syria. Khatib also demanded the release of thousands of prisoners as a precondition.Khatib subsequently clarified that any talks would only be about the departure of the Assad regime. Lakhdar Brahimi, Syria envoy for the UN and the Arab League, has been in talks with Khatib and colleagues.Both Russia and the US appear to be hoping that talks will be held, though Khatib has so far not responded to an invitation to visit Moscow when the Syrian foreign minister, Walid al-Mualim, is there next week.Washington and London are gambling on a shift in Russia's stubbornly pro-Assad position at the UN. Sergei Lavrov, Russia's foreign minister, warned on Wednesday that if the current situation in Syria continued, it would lead to the destruction of the country."It is time to end this two-year conflict. Neither party can afford a military solution because this is a path to nowhere, a path toward mutual extermination among the people," Lavrov said.In other developments, Britain's foreign secretary, William Hague, announced an additional $17m (£11m) in aid to support Syrian refugees and host communities in Lebanon, bringing the total UK aid to $30m. There are now nearly 300,000 Syrian refugees in Lebanon.SyriaMiddle East and North AfricaArab and Middle East unrestIan Blackguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
Outrage within coalition over Moaz al-Khatib's initiative underlines dilemma for rebels still lacking practical support from US and western backersBashar al-Assad, it sometimes seems, is lucky in his enemies. Controversy and bitter recriminations have been raging in their ranks since the leader of the Syrian opposition coalition (SOC), Moaz al-Khatib, dropped a bombshell by offering talks with Assad's vice-president, Farouq al-Sharaa.And now confirmation that the White House vetoed Pentagon plans to arm the anti-Assad rebels has underlined just how hard it has been for them to translate political support from the west into practical assistance to achieve victory.Khatib said he would negotiate with Sharaa if 160,000 prisoners were freed and passports issued for Syrians abroad. But outrage erupted because the SOC's charter states that it will not talk to the regime – except about its departure. Khatib retorted that he was expressing a personal view, but then met the foreign ministers of Russia and Iran, Assad's main backers.Now, after a flurry of tense consultations, Khatib and colleagues will meet in Cairo this weekend – with the UN envoy Lakhdar Brahimi – for an emergency session to clarify the position.Others hailed last week's initiative as reflecting the wishes of Syrians desperate to end a war that has killed 60,000 people. Activists of some of the Local Co-ordination Committees have given their qualified support. So has a commander of the Free Syrian Army (FSA)."Khatib's offer of talks with Assad helped undermine the terrible fear of many that this struggle is existential and will continue until one side has eliminated the other," wrote Joshua Landis on the Syria Comment blog. "To many Syrians who feel that they are mere pawns caught between two clashing giants … [it] provided some hope of a kinder and saner future."Khatib, a former imam of the historic Umayyad mosque in Damascus, was supposed to usher in an era of unity when he became SOC president in November. The fractious Syrian National Council (SNC) was subsumed into the new body. Its performance was said by the western governments calling for Assad to go to have become more businesslike.But the SOC is still divided into camps, like the SNC before it. "This initiative has taken us back to square one after all the efforts we made to convince the international community that the opposition was united," complained one activist. "It was handled completely unprofessionally. It was a wasted opportunity."Kamal Labwani, an independent, warned of "betrayal" and a "fifth column" inside the opposition. "The regime understands only the language of force," he protested. But George Sabra of the SNC – the largest component of the SOC – was more nuanced: he first rejected the initiative but then softened his position, calling for unity and support for the FSA as fighters made new but probably temporary gains on the outskirts of Damascus this week.Khatib, described as charismatic but a bad listener, is said to dislike foreign-based activists and intellectuals he considers out of touch – disparagingly known as "hotel warriors". Based in Cairo with his own loyal team, he has the support of powerful businessmen from Damascus who are alarmed by the rise of Islamist and jihadi groups in the armed opposition."People have criticised Khatib for naivety but there are forces telling him that this is the way to go," said commentator Malik al-Abdeh. "They tell him that if this carries on then everything they have achieved will come crashing down because of the backwoods fighters of the FSA and the jihadis who will destroy Damascus as they have large parts of Aleppo."Others warn that Khatib's leadership, and that of the SOC, remains far more dependent on external recognition than any internal legitimacy.The US, Britain and the EU gave Khatib's initiative a cautious welcome while insisting Assad must be held accountable for his crimes – a position that is unlikely to persuade him to step down voluntarily. Only Turkey publicly rejected it."We are positive but it would be useful to tie it into other diplomatic efforts," said one western official. Hopes are focusing on Khatib's visit to Moscow next month – and for a shift in Russia's stubbornly pro-Assad position at the UN.Still, some opposition figures fear foreign pressure to cut a deal. "Lots of friendly countries or those who claim friendship for the Syrian people were waiting for this exact kind of initiative to justify their failure to deliver on military support for the revolt and the protection of civilians," warned Burhan Ghalioun, a former SNC president.In one sense the whole dispute is a theoretical one since the official Syrian media dismissed Khatib's offer as "political manoeuvring" while Assad himself has said nothing. It still looks as if fighting, not impassioned debates and diplomatic initiatives launched in foreign capitals, will decide the course of this war as it nears its grim second anniversary.SyriaBashar al-AssadArab and Middle East unrestMiddle East and North AfricaIan Blackguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds