MCX Crude Oil: Intra day short sell position advised around Rs 5150 SL Rs 5180

By Ankush Kumar Jain
MCX crude oil for January delivery has been trading in the range between Rs 5060 and Rs.5180 for the last 8 to 9 trading sessions. A sideways trend is expected intra-day in domestic markets.

Breakout to any of the sides would give a clear direction for coming sessions, until then the futures are expected to trade in the aforesaid range.

Crude Oil January futures have a good support at Rs.5100 and resistance at Rs.5160. Intra-day traders are advised to take a short sell position in crude oil January futures around Rs 5150 with stop loss of Rs 5180 and wait for the target Rs 5110 and 5080 for the day.

On the NYMEX, WTI crude oil for delivery on March 13 was seen trading at $94.51 a loss of $0.08 or 0.08%. Brent crude oil on the ICE Futures Europe was spotted trading at $110.95 a gain if $0.01 as of 04.44 PM IST.

The WTI futures came close to testing the $95 levels but fell short of it at $94.86 a barrel in the afternoon session.

US retail sales data are forecast to climb for a second month in December, Bloomberg predicted as Commerce Department data is due this evening.

?There are signs of a recovery in the U.S.,? said Jonathan Barratt, the chief executive officer of Barratt?s Bulletin to Bloomberg News.

?If we test $95 a barrel on the topside then I think we?ll see oil break through.? he added.

On India's MCX, crude oil for delivery on January 21 was seen trading at Rs.5132, a gain of 0.63% at 04.38 PM IST.(Ankush Kumar Jain is Research Analyst, Commodity Online)

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Source: http://www.commodityonline.com/news/mcx-crude-oil-intra-day-short-sell-position-advised-around-rs-5150-sl-rs-5180-52239-3-52240.html

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Pakistani players in Hockey India League to fly back home

Uzbekistan News.Net Tuesday 15th January, 2013

The Hockey India decided to play safe and send all the Pakistani players back as provoking ceasefire violations and killing of Indian jawans have spread anger among the people against Islamabad.

"Hockey India and Pakistan Hockey Federation have mutually decided to send them back due to the extraordinary situation. We don't want to make them play with mental stress, which may affect their performance while playing for their respective teams. All franchises are allowed to exercise their right for replacement in regard to nine players form Pakistan from the reserve pool of players," said Narendra Batra, General Secretary, Hockey India.

"There have been speculations that why Hockey India or Hockey India League is not coming forward and making any statement on the issue that has been coming up in public domain. But, the event (HIL) is sanctioned by the International Hockey League, and players from various international federations participating in it. So, we have certain responsibilities towards everyone," he added.

Batra further said that Hockey India has been talking to all the five franchises, Pakistan Hockey Federation and International Hockey Federation over the last few days to find out ways to protect everyone's interest and glory of the game in amicable manner.

"And today we mutually agreed on this point to send them back," he added.

Batra, however, mentioned that all the Pakistani players would be paid their contract money by Hockey India.

The decision in this regard comes in the wake of aggressive protests by the Shiv Sena.

Shiv Sena party workers staged a protest at Mumbai Hockey Association's stadium in Mumbai on Sunday against the participation of four Pakistani players in a scheduled practice session of 'Mumbai Magicians' team.

Tension between the two Asian neighbours has escalated ever since Indian jawan Lance Naik Hemraj Singh was beheaded in an attack by Pakistani troops along the Line of Control on January 8.

Pakistan has so far denied India's claim that its troops crossed the Line of Control to ambush a patrol party in the Mendhar sector in Poonch district. (ANI)

Source: http://www.uzbekistannews.net/index.php/sid/211949165/scat/bf053b50c46383e0

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UN experts go to Iran, hope to restart nuke probe

VIENNA (AP) ? Senior U.N. investigators trying for more than a year to restart a probe into Iran's alleged work on nuclear arms chose their words carefully Tuesday about hopes for success as they left for Tehran on a trip that sets the stage for separate talks between six world powers and the Islamic Republic.

Iran insists it has never tried to develop nuclear arms ? an assertion underlined by the Foreign Ministry in Tehran as the U.N. team of International Atomic Energy Agency experts prepared to board the flight bound for the Iranian capital.

Ministry spokesman Ramin Mehmanparast said a religious decree issued by Iran's supreme leader banning nuclear weapons is binding for the Iranian government, suggesting the edict should be enough to end the debate over whether Tehran is pursuing atomic arms.

"There is nothing higher than the exalted supreme leader's fatwa to define the framework for our activities in the nuclear field," he said. "When the highest jurist and authority in the country's leadership issues a fatwa, this will be binding for all of us to follow."

Iran's supreme leader, Ayatollah Ali Khamenei, who has the final say on all state matters in Iran, said last year that Tehran is not seeking atomic arms. He called possessing such weapons a "sin" as well as "useless, harmful and dangerous."

But Washington and dozens of other countries accuse Iran of using its civilian nuclear program as a cover to develop nuclear weapons ? an allegation the Vienna-based IAEA is trying to investigate.

Iran ended cooperation with the probe several years ago, saying it had answered all relevant questions. It says the allegations are based on doctored intelligence from America, Israel and their allies.

While signaling readiness to resume cooperation last year, Iran insisted that it has to be based on a plan that precisely outlines what the IAEA can and cannot do and numerous meetings between Iranian and IAEA officials since then have failed to finalize an agreement.

Agency officials say they are willing to continue negotiations but some privately have described the delay as a tactic to further stall the investigations. They are particularly concerned that such delays can hurt their efforts to investigate the military site known as Parchin.

The IAEA suspects that Iran has conducted live tests of conventional explosives at the site southeast of Tehran that could be used to detonate a nuclear charge and have cited satellite photos indicating a cleanup there.

But critics of the investigations contend that apparent demolition at Parchin is due to a major construction project by the Iranians and does not mean Iran is sanitizing the area.

The agency already visited Parchin twice, the last time in 2005. But back then, it did not have access to satellite imagery that it now uses to pinpoint its search.

IAEA team leader Herman Nackaerts spoke of progress upon return last month from Tehran, saying the investigation could be restarted by early next year. But since then IAEA chief Yukiya Amano ? who also said success was near earlier last year ? has expressed doubt that Tuesday's trip would result in a deal, and Nackaerts, too was cautious ahead of departure.

"We are aiming to finalize the Structured Approach," Nackaerts told reporters Tuesday, using the formal name of the proposed agreement with Iran. "We hope to be allowed to go to Parchin."

Amano's announcement of a nearly done deal in May came just days before the two sides met in Baghdad for a new round of negotiations meant to defuse tensions over Iran's nuclear program before leaving the negotiating table with little progress made.

This trip also comes as Iran and six world powers prepare to meet, tentatively later this month. The six nations ?the United States, Russia, China, Britain, France and Germany ? hope the talks will result in an agreement by the Islamic Republic to stop enriching uranium to a higher level that could be turned relatively quickly into the fissile core of nuclear arms.

Iran denies such aspirations, insisting it is enriching only to make reactor fuel and to make isotopes for medical purposes.

The trip and the planned Iran talks are formally separate but both IAEA officials and diplomats involved in the talks privately acknowledge an informal link.

By compromising on the IAEA probe, Iran could argue that the onus was now on the six powers to show some flexibility, temper their demands, and roll back U.S. and European sanctions that have hit Iran's critical oil exports and blacklisted the country from international banking networks.

____

Ali Akbar Dareini in Tehran, Iran, contributed to this report.

Source: http://news.yahoo.com/un-experts-iran-hope-restart-nuke-probe-153459868.html

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U.S. ordered delay in illegal immigrant intern's arrest

WASHINGTON (AP) ? Federal immigration agents were prepared to arrest an illegal immigrant and registered sex offender days before the November elections but were ordered by Washington to hold off after officials warned of "significant interest" from Congress and news organizations because the suspect was a volunteer intern for Sen. Robert Menendez, according to internal agency documents provided to Congress.

The Homeland Security Department said last month, when The Associated Press first disclosed the delayed arrest of Luis Abrahan Sanchez Zavaleta, that AP's report was "categorically false."

Sanchez, 18, was an immigrant from Peru who entered the country on a now-expired visitor visa. He eventually was arrested at his home in New Jersey on Dec. 6. He has since been released from an immigration jail and is facing deportation. Sanchez has declined to speak to the AP.

After the AP story, which cited an unnamed U.S. official involved in the case, Sen. Charles Grassley of Iowa and six other Republicans on the Senate Judiciary Committee asked the Obama administration for details about the incident.

According to those documents, U.S. Immigration and Customs Enforcement agents in Newark had arranged to arrest Sanchez at the local prosecutor's office on Oct. 25. That was fewer than two weeks before the election.

Noting that Sanchez was a volunteer in Menendez's Senate office, ICE officials in New Jersey advised that the arrest "had the possibility of garnering significant congressional and media interest" and were "advised to postpone the arrest" until officials in Washington gave approval. The documents describe a conference call between officials Washington and New Jersey to "determine a way forward, given the potential sensitivities surrounding the case."

The senators, in a letter to the Homeland Security Department, said the agency documents showed that Sanchez's arrest "was delayed by six weeks," as AP had reported. They asked for details about the department's review of potentially sensitive, high profile immigration cases when arrests are delayed.

In a letter Monday, Assistant DHS Secretary Nelson Peacock said an allegation that the government delayed Sanchez's arrest "for political purposes" was categorically false. Neither the unnamed U.S. official cited in AP's original story or the senators in their letters to the department had specifically alleged that the arrest had been delayed for political purposes.

The documents provided to Congress do not indicate why the arrest should have been delayed or whether anyone outside Immigration and Customs Enforcement ? such as in the headquarters offices of the Homeland Security Department ? was consulted.

Menendez, D-N.J., who advocates aggressively for pro-immigration policies, was re-elected on Nov. 6 with 58 percent of the vote. Menendez said last month that his staff was notified about the case immediately before AP's story, he learned about the case from the AP and he knew nothing about whether or why DHS had delayed the arrest.

According to police records, Sanchez was 15 when he was arrested on a charge of aggravated sexual assault in 2009. The records show he was accused of sexually assaulting an 8-year-old boy at least eight times and sentenced to two years' probation and required to register as a sex offender. The AP is not reporting the boy's relationship to Sanchez to avoid identifying the victim.

The agency documents show that Sanchez failed to update his sex offender registration, and local prosecutors considered arresting him for that. During the same time, immigration officials learned that Sanchez had applied for the Obama administration's Deferred Action for Childhood Arrivals program, which would have allowed him to stay in the country and legally work for two years. He did not disclose his arrest or status as a sex offender on the application and was eventually denied, according to the documents.

Immigration enforcement operations in New Jersey were largely halted starting Oct. 28 as officials prepared for Hurricane Sandy. By Nov. 29, ICE had planned to arrest Sanchez after Citizenship and Immigration Services had formally denied his deferred action application. The following day, the ICE Office of the Principal Legal Advisor was consulted. The agency's chief counsel was also consulted and the arrest was approved Dec. 5.

Sanchez was arrested the next day.

During the final weeks of President George W. Bush's administration, ICE was criticized for delaying the arrest of President Barack Obama's aunt, who had ignored an immigration judge's order to leave the country several years earlier after her asylum claim was denied. She subsequently won the right to stay in the United States after an earlier deportation order, and there was no evidence of involvement by the White House.

In that case, the Homeland Security Department had imposed an unusual directive days before the 2008 election requiring high-level approval before federal agents nationwide could arrest fugitive immigrants including Zeituni Onyango, the half-sister of Obama's late father. The directive from ICE expressed concerns about "negative media or congressional interest," according to a copy of that directive obtained by AP. The department lifted the immigration order weeks later.

___

Follow Alicia A. Caldwell on Twitter at www.twitter.com/acaldwellap

Source: http://news.yahoo.com/ap-exclusive-us-ordered-delay-interns-arrest-172424335.html

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Electric and Hybrid Vehicle Sales in Europe to Reach 827,000 ...

January 14, 2013

Although government support for electric vehicles (EVs) in Europe is waning, the increasing availability of vehicle charging infrastructure that enables vehicles to charge at home, at the workplace, and in public places is facilitating market growth.? With electric and electrically assisted vehicles now available in the mainstream market, the fundamental question is no longer if there is a market; rather, the question is how fast that market will grow.? According to a new report from Pike Research, a part of Navigant?s Energy Practice, EVs ? including electrically assisted hybrids ? will play an increasingly important role in European markets, growing from 0.7 percent of the market in 2012 to 4 percent in 2020. While that is still a small portion of the market, it represents more than 827,000 vehicles sold annually in the region.

?The European transportation market is significantly different from other world regions,? says senior research analyst David Alexander.? ?Thanks to fuel prices that are significantly higher than in North America, small, efficient gasoline- and diesel-engine cars have led European sales figures for many years.? Today, the market is still testing electric drive technology, waiting for the price premium for EVs compared to conventional vehicles to narrow, and in some cases waiting for electric charging infrastructure to become established.?

Another difference between the European and North American automotive markets is the prevalence of diesel vehicles in Europe.? The popularity of diesel has prevented hybrids from achieving the success in Europe that they have had in North America, where the contrast with large V8 vehicles is important to consumers.? The biggest growth through 2020 is expected to come in battery electric vehicles, followed by plug-in hybrids, according to the report, while hybrid electric vehicle sales will lag behind in most European countries.

The report, ?Electric Vehicles in Europe?, examines key market trends and drivers for the purchase of light duty electric drive vehicles in Europe.? The study includes an analysis of business models and demand factors, technology and standards issues, and government policies within the region. Profiles of 23 key automakers in the sector are included, and detailed market forecasts for vehicle sales and registrations are provided for 21 European countries, segmented by powertrain, through 2020.? An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, ?Electric Vehicles in Europe,? is a summary and reflects Pike Research?s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report?s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Source: http://www.pikeresearch.com/newsroom/electric-and-hybrid-vehicle-sales-in-europe-to-reach-827000-annually-by-2020

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Oakland gives manager Bob Melvin 2-year extension

FILE - In this March 17, 2012, file photo, Oakland Athletics manager Bob Melvin gestures during a spring training baseball game in Scottsdale, Ariz. Melvin has received a two-year contract extension through the 2016 season after leading Oakland to a surprising AL West title last year. The A's announced Monday, Jan. 14, 2013, that Melvin, the reigning AL Manager of the Year, received a new deal. (AP Photo/Marcio Jose Sanchez, File)

FILE - In this March 17, 2012, file photo, Oakland Athletics manager Bob Melvin gestures during a spring training baseball game in Scottsdale, Ariz. Melvin has received a two-year contract extension through the 2016 season after leading Oakland to a surprising AL West title last year. The A's announced Monday, Jan. 14, 2013, that Melvin, the reigning AL Manager of the Year, received a new deal. (AP Photo/Marcio Jose Sanchez, File)

FILE - This Aug. 25, 2012 file photo shows Oakland Athletics manager Bob Melvin during a baseball game against the Tampa Bay Rays in St. Petersburg, Fla. Melvin has received a two-year contract extension through the 2016 season after leading Oakland to a surprising AL West title last year. The A's announced Monday, Jan. 14, 2013, that Melvin, the reigning AL Manager of the Year, received a new deal. (AP Photo/Chris O'Meara, File)

OAKLAND, Calif. (AP) ? Bob Melvin has repeatedly described the comfort of managing right at home in the Bay Area ? and Billy Beane has described the comfort in having a winning, "modern-day" manager leading the Oakland Athletics.

Melvin is staying put in the very place he wants to be well into the future.

The A's manager received a two-year contract extension Monday that takes him through the 2016 season.

"To get an extension like this from people you respect and admire and supported you, it really makes you feel good and makes you feel better about doing your job," said Melvin, voted AL Manager of the Year after leading Oakland to a surprising West division title. "My expectations are the same as last year. We're going to compete hard and expect to win. Based on having the results we had last year, we'll have that much more confidence coming into spring training."

Oakland became the first team in major league history to win a division or pennant after trailing by five games with less than 10 to play, sweeping three games against Texas to win the division over the Rangers.

"It's really a reflection of our commitment to Bob and Bob's commitment to us. If you know you have the right guy, there's no sense in waiting until he's got one year left," general manager Billy Beane said. "This was probably the simplest negotiation I've ever had in my career here. That's a reflection of the relationship that Bob has with the organization. We're happy to give him this well-deserved extension. It didn't take very long. The actual writing it up took longer than the actual negotiations."

Oakland lost to Detroit 3-2 in a best-of-five AL division series. The A's ended a five-year stretch without a winning record or playoff berth, finishing 94-68.

The A's did it with a payroll of $59.5 million ? lowest in the majors ? and 12 rookies. They did it with significant injuries to their starting pitchers and lost their third baseman, Scott Sizemore, to a season-ending knee injury on the first full-squad workout of spring training. And they did it after losing right-hander Bartolo Colon to a 50-game suspension in August for a positive testosterone test, then re-signed him this winter.

The 51-year-old Melvin, a former big league catcher who grew up in Menlo Park and played at Cal, took over from the fired Bob Geren in June 2011. Melvin led the Diamondbacks to the NL West title in 2007 and also won 93 games in his rookie season with Seattle in 2003.

"We knew we had the right guy right from the get go. Continuity is important," Beane said. "It's really important. Once again last year was certainly enjoyable. It's easy to look at a year like last year and everybody has fun when you're winning. This relationship with Bob and myself and the front office and the players started when he took over."

Melvin received a three-year contract from Oakland late in the 2011 season. The A's went 47-52 after he took over that year.

His local ties are only a bonus. Melvin played three seasons with the San Francisco Giants.

"I was excited and impressed when Billy told me that Bob was available and accepting the manager role with us," owner Lew Wolff said. "As I observed Bob's leadership and very special drive, I was even more impressed with Billy's choice. I am so very pleased that we will have Bob with us for the foreseeable future. Bob's use of our talent was and is brilliant in my opinion."

___

AP Sports Writer Josh Dubow contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-01-14-BBA-Athletics-Melvin/id-64f0bcfbe1bd4cd69361c3d3f8d75396

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Obama lookalike in demand for inauguration season (The Arizona Republic)

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