Tillerson affirms importance of constructive US-China ties

Plenty to lose

Met coal has been sold down relentlessly following multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November, but news that China will stop importing all coal from North Korea may be what finally supplies a floor.

But in a sign that Beijing's patience was running out, it rejected a coal shipment from North Korea worth about $1 million Monday, the day after the test of an intermediate-range ballistic missile, South Korea's Yonhap News Agency reported.

The decision from China comes just days after North Korea tested a ballistic missile, breaking a United Nations ban on its nuclear program. Pyongyang has made significant progress in developing nuclear weapons and missile technology despite American efforts, to the point where the continental US could now be within striking range.

Despite the restrictions, North Korea remained China's fourth biggest supplier of coal previous year, with non-lignite imports reaching 22.48 million tonnes, up 14.5 percent compared to 2015. China says it is committed to enforcing United Nations sanctions against its unpredictable neighbour, whose nuclear and missile tests have angered Beijing.

The decision is part of an effort to begin sanctions aimed at stopping North Korea's nuclear weapons program.

Asked about the new Trump administration, Ri said while the United States maintains a "continuous hostile policy", it doesn't matter which President is in the White House.

Why Victor Cruz's Panthers visit makes sense
According to league sources , former Giants executive Dave Gettleman has brought in a familiar face from his former team. Injury concerns also linger, as Cruz struggled to return to full health and his return took longer than expected.

As a captive supplier (and due to a deal struck by Ulaanbaatar to use coal exports to pay down debts owed to Aluminum Corporation of China, or Chalco) land-locked Mongolia sells its coal for much less than the seaborne price.

China's Ministry of Commerce has said its ban on coal imports from North Korea would be effective until December 31. Whereas Kim Jong-il used the nuclear program as a bargaining chip to gain concessions from the global community, the Kim Jong-un regime has demonstrated an intent to acquire nuclear weapons as a deterrent (part of its Byungjin strategy, which also emphasizes economic development).

Experts on North Korea said analysis suggested the sanctions are having an effect.

North Korea's recent ballistic missile launch-the first to occur during the Trump administration-once again raises the question of how the United States should handle the North Korean nuclear program, and how China should fit into the equation. Likewise, applying additional sanctions on Chinese firms to reduce their business operations in North Korea will not significantly alter this situation.

Wang and Yun also discussed North Korea, the ministry said, with Wang saying efforts to seek peace should not be abandoned. That appeal came after an emergency meeting in NY called by the United States, Japan and South Korea.

Related News:

  • Mark Cuban trolls Trump at All-Star Celebrity Game

    He became controversial because he wore a No.46 jersey in the game as a form of criticism for USA president Donald Trump. Last Friday, Cuban posted a series of six tweets in which he thumped Trump's plans and leadership style.
    Cisco Systems, Inc. (NASDAQ:CSCO) reports higher than expected quarterly revenue

    Cisco Systems, Inc. (NASDAQ:CSCO) reports higher than expected quarterly revenue

    Post-earnings, Cisco Systems, Inc . stock ranged between $24.09 and $24.97 after opening the day (02/11/2016) at $24.09. Trust Department MB Financial Bank N A boosted its position in Cisco Systems by 25.2% in the second quarter.
    Half-brother of North Korean dictator assassinated

    Half-brother of North Korean dictator assassinated

    North Korea also has a history of dispatching spies to kill high-level defectors critical of its system. Kim Jong-un had issued a "standing order" for his half-brother's assassination.
  • Princess Cristina of Spain acquitted in fraud case as husband jailed

    Princess Cristina of Spain acquitted in fraud case as husband jailed

    Spain's Princess Cristina, the sister of King Felipe, has been cleared by a court in Majorca in a fraud trial. Maite Mila, a 52-year-old lawyer, said she believed the princess "benefited from what her husband did".
    Tiffany Trump Thanks Whoopi Goldberg for Defending Her Against Fashion 'Bullies'

    Tiffany Trump Thanks Whoopi Goldberg for Defending Her Against Fashion 'Bullies'

    According to the Mirror , Tiffany "was left red-faced" after her neighbors left their seats in the prestigious front row. Among all of President Trump's grown children, Tiffany has been the most removed from politics at the White House.

    Complaint: Man wanted attack similar to Dylann Roof killings

    Around Jan. 25, the document says he posted on Facebook the following statement: "Clean up world jewelry in the name of Yahweh". In an instant message on Facebook, McDowell requested an " iron ", a code word for a firearm, the complaint against him said.
  • Qatar Open: Karolina Pliskova beats Caroline Wozniacki in final

    Although Wozniacki has never lost to Pliskova, those wins were three and four years ago and the Czech is a far superior player now.

    Train Derails in Belgium: Dozens Injured, Casualties Feared

    Police officers and officials stand next to a train after it derailed in Kessel-Lo, Leuven, on February 18, 2017. Photographs of the scene showed the mangled wreckage of the train, with one carriage seen toppled to its side.

    'Fist Fight' Review: Less Fun Than a Punch to the Face

    After he accidentally causes Strickland to be fired, Campbell is challenged to an after-school fist fight to settle the score. Campbell has even more to worry about. "Did you train for this or did you guys know how to throw a punch?" asked Petrillo.
  • Sauber launches 2017 Formula 1 contender

    Referring to the 2016-spec engine, he described it as "a tried and tested system with higher durability to begin with". To sum up, the auto will be able to produce more downforce, more grip resulting in faster lap times.
    Flows of major weapons 'highest since Cold War'

    Flows of major weapons 'highest since Cold War'

    Arms imports by countries in the Middle East increased by 86% in the past five years, compared to the five years prior to 2011. In general, over the past five years, the United States have supplied their weapons to at least 100 countries.
    Logan is the Violent, No-Holds-Barred Wolverine Epic We Deserve

    Logan is the Violent, No-Holds-Barred Wolverine Epic We Deserve

    I was hoping I would enjoy it so I could promote is as I have always loved the character since his introduction in 1975. Jackman gives one of his best performances as a battered and broken old man who's only got one good fight left in him.


Most liked

Ibrahimovic strike sends United back to the Bridge
It was good because although we lost in Barcelona we went through after the second leg and also won the final against Liverpool. United had Ibrahmovic to thank for its win at Blackburn.

Dolphins acquire Julius Thomas from Jaguars
Luke Bowanko is the only player on the Jaguars roster listed as a center, including Linder, who is still listed as a guard. Albert and Thomas are both expected to need to restructure their current contracts if a trade were to be completed.

2 officers shot, 1 killed, after responding to traffic accident in California
Video from KTLA showed windows on a Whitter Police Department SUV shattered, and debris scattered across the road. Few details have been released about the incident, and it was not immediately clear what prompted the shooting.

South Korea accuses North Korea of Kim Jong Nam assassination
A man in his mid-40s, Kim Jong-nam was waiting for his flight home to Macau when, authorities say, he was set upon by two women. Officers have already arrested one North Korean, a Malaysian man and a Vietnamese woman, as well as an Indonesian woman.

On eve of confirmation vote, judge orders release of Pruitt emails
Legal constraints bar Pruitt from simply firing any EPA employee who is genuinely committed to environmental protection. Senate on Friday confirmed Oklahoma Attorney General Scott Pruitt to be EPA administrator in a 52-46 vote.

GOP still trying to unite under 'Obamacare' replacement plan
The House Committee on Ways and Means and House Committee on Energy and Commerce will be tasked with marking up the plan . Bob Corker (R-TN) confessed that "there's not any real discussion taking place" on Capitol Hill about a replacement.

Former Cardinals WR Michael Floyd pleads guilty to Extreme DUI
Floyd's BAC at the time of his arrest was.217, almost three times the legal limit in Arizona. The wide receiver pleaded guilty to extreme DUI and has been sentenced to 120 days in jail.

Sen. Collins to oppose Scott Pruitt for EPA chief
ET that will consider whether emails between Pruitt's office and officials at oil and gas companies should be released. They want the vote delayed until after the conclusion of an emergency hearing in Oklahoma to be held at 4 p.m.

Reality of President Trump Is Stressing Out Americans... Big League
A new survey revealed that Americans are indeed stressed when thinking about the future of their nation under Trump's presidency. More than half of Americans say the current political climate is a source of stress in their lives, according to a new survey .

Trump will "rescind", "replace" travel ban: Ferguson says he's conceding defeat
Trump said, however, that Homeland Security Secretary John Kelly said no and that the order had to take effect immediately. Judge Leonie Brinkema said the travel restrictions improperly discriminated against Muslims.

Men Get Depressed When Partner Is Pregnant
And similar to the new findings , marital relationship quality and stress are the dominant aspect of paternal depression. The researchers found elevated symptoms of prenatal depression in 82 fathers, or 2.3 per cent of the total participants.

Barcelona's tormentor Adrien Rabiot unsure over new deal - could he leave PSG?
Trouble is, now that they're suddenly one of the favorites for the Champions League, Verratti sounds quite sold on the "project". In the last four years, PSG went out in the quarterfinals and last year's elimination led to coach Laurent Blanc being fired.

Snap prices IPO between $14 and $16 a share
The startup noted that it is offering to sell 200 million Class A common shares and is trading in the New York Stock exchange. Some potential investors have already " reacted with fury " over Snap's decision to sell shares with no voting power.

Former Chief Branden Albert released by Dolphins
That being said, don't be shocked if the veteran is considering retirement after battling injuries for several years. Williams, 32, signed with the Dolphins last offseason after he was released by the Buffalo Bills.

Members of Turkish, Syrian armed opposition arrive for talks in Astana
Jaafari has told Russian agency RIA Novosti that one-on-one meetings between the opposition and the government were "not planned". Kazakhstan on February 15 said talks had been moved one day to February 16 for unspecified "technical reasons".