Venezuela blames US sanctions for blocking debt financing oil sales

first_imgReutersVenezuela accused US-led sanctions has led to negative impacts on debt refinancing, food and medicinal imports, lost billions of dollars in oil assets as the country continues to suffer from one of its biggest economic crisis. The President of Venezuela, Nicolas Maduro claimed that the country is ‘the victim of a US plot to topple him, eradicate socialism and hand the world’s largest oil reserves to multinationals,’ reported Reuters.According to a study by Brookings Institution, it shows that the sanctions have inflicted “very serious harm to human life.” Arguing that the impact on human lives is illegal under international laws, the study said, “We find that the sanctions have inflicted, and increasingly inflict, very serious harm to human life and health, including an estimated more than 40,000 deaths from 2017–2018.”However, Vice Foreign Minister William Castillo has denied all claims of the humanitarian crisis in the country including state and human rights violence expressed by the United Nations human rights Chief Michelle Bachelet.The US has played a major role in the Venezuelan crisis. US President Donald Trump called Venezuelan President Nicolas Maduro an ‘illegitimate dictator’ and supports opposition leader Juan Guaido as its rightful interim ruler. It has imposed sanctions on the oil sector as well as Maduro’s allies, reported Reuters.”Today the United States has confiscated some $30 billion in (state oil company) PDVSA assets while 40 banks are holding onto some $5.4 billion, preventing Venezuela from purchasing food and medication,” Castillo told the U.N. Human Rights Council in Geneva, reported the global news agency.Citing data such as the country’s oil export income which had plummeted from $40 billion per year to $5 billion, Castillo said, “Venezuela can’t refinance its debt and oil tankers and businesses are being punished.”last_img read more

Banking stocks lead indices to gains weak rupee dents sentiment

first_imgA broker monitors share prices at a brokerage firm in Mumbai August 9, 2011.ReutersThe Indian equity indices experienced a highly volatile session on Wednesday, but managed to make gains, as apprehensions over the tension between the Reserve Bank of India (RBI) and the government gave way to investors clinching attractive deals.Consequently, the S&P BSE Sensex gained 550 points to reclaim the 34,000-mark, while the NSE Nifty setteled above 10,300 points.The day’s trade started on a shaky ground as reports emerged of the growing spat between the RBI and the government. The speculation over RBI Governor Urjit Patel’s resignation briefly led indices into the red during the afternoon session.However, healthy buying in finance, banking stocks along with export-dominated IT and healthcare counters lifted the market higher.On the other hand, metals index, however, lost over 1 percent contrary to the other sectoral indices on the National Stock Exchange which registered sharp gains in the range of 1 to 4 per cent.In terms of currency, the rupee closed at Rs 73.95 to a US dollar from its previous close of 73.68 following a similar trend in all the major currencies, which traded lower. Indian pedestrians walk on Dalal Street – Trader’s Street – next to the Bombay Stock Exchange (BSE) in Mumbai on March 7, 2014.INDRANIL MUKHERJEE/AFP/Getty ImagesIndex-wise, the S&P BSE Sensex settled 550.92 points higher, or 1.63 per cent, at 34,442.05. It had opened at 33,963.09 from its previous close of 33,891.13.The Sensex swung 875 points, touching an intra-day high of 34,463.38 and a low of 33,587.24.The NSE’s Nifty ended the day at 10,386.60, up 188.20 points or 1.85 per cent.Besides, broader markets, S&P BSE MidCap gained 1.56 per cent, while S&P BSE SmallCap was up by 1.38 per cent also the market breadth was positive with 1,619 advances and 943 declines.According to Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund: “Equity investors in India witnessed a relief rally on the last day of October 2018 as stock markets charged ahead with sharp gains.””The markets surged in mid-afternoon trade after the government clarified on a tussle with the Reserve Bank of India and said that it respects and nurtures central bank’s autonomy,”HDFC Securities’ Retail Research Head Deepak Jasani said: “Technically, with the Nifty rallying higher, the bulls seem to be in control,””Further upsides are likely once the immediate resistances of 10,396 are taken out. Crucial supports to watch for any weakness are at 10,285.”Investments wise, the provisional data with the exchanges showed that foreign institutional investors sold stocks worth Rs 193.65 crore on Wednesday while the domestic institutional investors bought scrip worth Rs 1,124.92 crore.The month has ended with an foreign fund outflow to the tune of Rs 28,921 crore (NSDL), highest monthly outflow in the equity segment since 2002.The top gainers on BSE were dominated by banking stocks, led by HDFC Bank, up 5.78 per cent at Rs 1,769.55; IndusInd Bank, up 4.47 per cent at Rs 1,424.45; Infosys, up 4.02 per cent at Rs 686.25; Axis Bank, up 3.43 per cent at Rs 581.90; and Yes Bank, up 3.30 per cent at Rs 188.05 a share.The top losers were: Coal India down 3.53 per cent at Rs 266.15; Tata Steel, down 2.25 per cent at Rs 552.40; Maruti Suzuki, down 1.33 per cent at Rs 6,608.95; Adani Ports, down 0.85 per cent at Rs 319.10 and Kotak Bank down 0.60 per cent at Rs 1,118 per share.last_img read more

NeuVector upgrades Kubernetes container security with the release of Containerd and CRIO

first_imgAt the ongoing KubeCon + CloudNativeCon North America 2018, NeuVector has upgraded their line of container network security with the release of containerd and CRI-O run-time support. Attendees of the conference are invited to learn how customers use NeuVector and get 1:1 demos of the platform’s new capabilities. Containerd is a Cloud Native Computing Foundation incubating project. It’s basically a container run-time built to emphasize simplicity, robustness, and portability while managing the complete container lifecycle of its host system. This includes managing the lifecycle of its host system, from image transfer and storage to container execution and supervision to low-level storage to network attachments and more. NeuVector is testing the containerd version on the latest IBM Cloud Kubernetes Service version, which uses the containerd run-time. CRI-O is an implementation of the Kubernetes container run-time interface enabling OCI compatible run-times. It is a lightweight alternative to Docker as a run-time for Kubernetes. CRI-O is made up of several components including: OCI compatible runtime containers/storage containers/image networking (CNI) container monitoring (common) security is provided by several core Linux capabilities With this newly added support, organizations using containerd or CRI-O can deploy NeuVector to secure their container environments. Read Next Stripe open sources ‘Skycfg’, a configuration builder for Kubernetes. Kubernetes 1.13 released with new features and fixes to a major security flaw Introducing ‘Pivotal Function Service’ (alpha): an open, Kubernetes based, multi-cloud serverless framework for developer workloadslast_img read more