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Monthly Archives: April 2015

US and Japan Forge Historic Defense Cooperation Agreement

Japanese Foreign Minister Fumio Kishida
Japanese Foreign Minister Fumio Kishida

Emerging from talks in a New York hotel, US Secretary of State John Kerry, Defense Secretary Ashton Carter, Japanese Foreign Minister Fumio Kishida, and Defense Minister Gen Nakatani announced revised guidelines for Japanese-US military cooperation, bringing the two countries closer together than ever before as defense partners.

The new rules agreed upon call for the possibility of Japan helping US forces who may be threatened by a third party. Japan could also be called upon to send minesweeper ships in the Middle East. The agreement comes at a time when Japan and the US are anxious over actions taken by China to move on to some disputed regions of the South China and East China Seas, although officials deny this is what is motivating them.

The statesmen did however mention North Koreas as a potential source of instability in the region.

Secretary Kerry emphasized that the US takes the Japanese position on the disputed Senkaku Islands, which China refers to as the Diaoyus, stating that the islands are completely under Japanese control.

The US “commitment to Japan’s security remains ironclad and covers all territories under Japan’s administration, including the Senkaku Islands,” Kerry said.

“Today we mark the establishment of Japan’s capacity to defend not just its own territory, but also the United States and other partners as needed,” Kerry told a joint press conference. “This is a historic meeting. It’s a historic transition in the defense relationship between our two countries.”

UBS Ending Automated Options Trading Business

The Swiss bank UBS has decided the place that needs trimming to bring profits up is their automated options market-making division. Other parts of their options trading arm will remain unchanged. Staff who was engaged in the auto options section will be re-assigned to other parts of the bank which have been more profitable to… Continue Reading

Bruce Shalett: Investment Banker

For investment bankers such as Bruce Shalett, Simon Smith and James Amine, the news that trading revenues look likely to reverse their downturn of this year’s first quarter, will be most welcome. It looks like volatility in international fiscal markets is about to return, which, simultaneously will contribute to a hike in investment banking trading… Continue Reading

Business Travelers Choosing Uber in Droves

Certify, an expense management system provider, reports that use of Uber by business travelers using its service has reached an astounding 46 percent of all ground transportation during the first quarter of 2015. Compared to the figure of 15 percent during 2014’s first quarter, that is a remarkable surge in growth. “While we often see… Continue Reading