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Three former Ford executives charged in Argentine torture cases
Argentine union workers for kidnapping and torture after the country's 1976 military coup. All three men are now in their 80s. Their case is part of a new wave of prosecutions focusing on corporate support for the dictators who ran Argentina in 1976-1983, and the 150-page indictment written by Judge Alicia Vence reads like a history lesson, going to considerable lengths to explain why their ...
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Asia Set to Resume Risk-On Mode
Confidence is set to return to Asia's stock markets on Thursday, bolstered by gains on Wall Street as fears ease over the prospect of the Federal Reserve paring down its economic stimulus program. Japan's benchmark index may approach its next barrier at 15,500 ...
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FBI names Benghazi suspects but no arrests yet
diplomatic mission in Benghazi, Libya, last year, and has enough evidence to justify seizing them by military force as suspected terrorists, officials say. But there isn't enough proof to try them in a US civilian court as the Obama administration prefers. The men remain at large while the FBI gathers evidence. But the investigation has been slowed by the reduced US intelligence presence in ...
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Anti-Muslim sentiments on rise in UK British minister
Sayeeda Warsi told TOI in an exclusive interview that "UK is witnessing a rising level of anti-Muslim sentiments" with hate crimes increasing by the ...
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PM Li Keqiang faces litmus test in Pakistan Chinas iron brother
Chinese premier Li Keqiang faces the challenge of meeting conflicting demands for his attention and Beijing's purse when he lands in Pakistan on Wednesday at the end of his India visit, his first foreign tour after assuming ...
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Los Angeles ranked worst US city for dog attacks on mail carriers
LOS ANGELES: Los Angeles has earned the dubious distinction for the second year in a row as the US city with the most dog attacks on mail carriers, the US Postal Service said. California's biggest city accounted for 69 such attacks in fiscal 2012, which ended in September, compared with 42 attacks each in Seattle, Washington, and San Antonio, Texas, which tied for second place. Chicago ...
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Delicate diplomacy Deadly spat between the Philippines and
A contentious territorial dispute between Taiwan and the Philippines is having nasty repercussions – and the US is caught in the middle. The trouble started earlier this month during a confrontation between the Philippine coast guard and a Taiwanese fishing boat in disputed waters. Although the circumstances are disputed, the incident culminated in the Philippines vessel opening fire, ...
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Taiwan sees second jet crash within a week
A Mirage 2000 jet fighter crashed into the sea yesterday morning, but its two crewmembers managed to eject to safety and were rescued. It was the second air force jet fighter to be lost in less than a week after an F-16 crashed into the sea on Wednesday. Its pilot was also rescued. All of the air force’s F-16s were grounded after the incident. The air force said contact with the ...
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Tensions rise between China N Korea over boat held hostage
A Chinese fishing boat was seized by armed North Koreans who are demanding a ransom of nearly $100,000 for the release of the ship and 16 Chinese crew members. The Chinese Communist Party’s Global Times newspaper suggested in Monday’s editions that the capture of the boat might have been in retaliation for Chinese support of UN sanctions on North Korea. The ship, known as ...
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A rare peek into a Justice Department leak probe
When the Justice Department began investigating possible leaks of classified information about North Korea in 2009, investigators did more than obtain telephone records of a working journalist suspected of receiving the secret material. They used security badge access records to track the reporter’s comings and goings from the State Department, according to a newly obtained court ...
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Korea’s GS EC wins $1 billion refinery deal from Turkey
South Korea’s GS Engineering & Construction said on Tuesday it had received an order worth 1.16 trillion won ($1.04 billion) from Turkey to build a refinery plant. It said in a regulatory filing that Italian firm Saipem, Spanish oil engineering firm Tecnicas Reunidas and Japanese company Itochu were also part of the joint construction ...
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Mother of China rape victim turns rights crusader
The kidnap, rape and forced prostitution of her daughter set Tang Hui on a mission to seek justice. But it was Chinese authorities’ repeated obstructions, even detaining her, that made her a die-hard activist. For seven years she has fought against the men who violated her child, and the system that blocked her, becoming a cause celebre in 2012 after her efforts landed her in a labour ...
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China’s Li to pay tribute to heroic Indian doctor
China’s premier will pay his respects Tuesday to the family of an Indian doctor who died treating Chinese troops more than 70 years ago, becoming a rare symbol of friendship between the two nations. Li Keqiang, like Chinese leaders before him, will take time out of his busy India visit to meet relatives of Dwarkanath Kotnis, who provided emergency medical aid for four years during the ...
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China Trade Surplus Seen by BofA at One-Tenth Customs Figure
China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says. The true surplus is about $6 billion, according to Lu Ting, Bank of America’s head of Greater China economics in Hong Kong. That would be the smallest for January-April since the nation posted a ...
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China insurer PICC PC plans $938 million rights offer
Chinese state-controlled insurer PICC Property and Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers are coming under pressure. China’s property and casualty insurance market is expanding between 10-15 percent annually, making it the fastest growing in the world. ...
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In China Weighing Economic and Political Freedoms
As discussed in last week’s column, China’s leadership is said to be making plans to unveil reforms at the next meeting of all members of the Central Committee of the Communist Party of China, likely to be held in October. Yet any policy changes may satisfy calls for deeper economic reforms but disappoint hopes for broader political reforms. Last week Reuters reported that ...
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China ‘cannot be free rider on trade’
China cannot be a ';free rider'; in global trade, the EU’s trade commissioner has warned. Karel De Gucht said that China had to take responsibility for the global trading system, just as the EU did. De Gucht’s comments come just days after the EU said it may investigate claims that Chinese telecom firms have been paid subsidies, allowing them to flood markets with cheap ...
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Goldman sells final stake in China’s ICBC
Goldman Sachs is selling the rest of its Industrial and Commercial Bank of China (ICBC) stake, worth around $1.1 billion, in a move to exit an investment it made into the bank seven years ago. Goldman is selling the shares of China’s largest commercial banking group in the range of HK$5.47 to HK$5.50 each ($0.70 to $0.71), a discount of 2.5 percent to 3.0 percent compared to ...
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3 NYU Scientists Accepted Bribes From China US Says
It was, the chief federal prosecutor in Manhattan said on Monday, ';a case of inviting and paying for foxes in the henhouse.'; Three researchers at the New York University School of Medicine who specialised in magnetic resonance imaging technology had been working on research sponsored by a grant from the National Institutes of Health. But, prosecutors charged on Monday, the three ...
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Japan Plans Low-Interest Loans for Rooftop Solar Nikkei Says
Japan’s Ministry of Economy, Trade and Industry plans to provide low-interest loans to companies that borrow residential rooftop space for solar power generation, the Nikkei newspaper reported today. The ministry plans to make loans available through government financial institutions such as Development Bank of Japan Inc., the newspaper cited Trade minister Toshimitsu Motegi as saying. ...
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Singapore exports to Europe dropped by 13.4pct
No thanks to lower pharmaceuticals shipments. According to Maybank Kim Eng, EU, South Korea and Malaysia were the major disappointments. Goods headed for the EU registered its fifth straight declines as it fell by -13.4 percent YoY (March 2013: -16.2 percent YoY) mainly on lower shipments of pharmaceuticals, IC’s and parts of PC’s. It reported that exports to South Korea (April ...
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Caroline Herrera has designs on Singapore’s passion for fashion
Singapore recently played host to a showcase of fashion for one of the best known luxury brands in the world. Boasting the most millionaire households per capita in the world, designers are taking this once staid city far more seriously. And designer Carolina Herrera is also hoping to cash in on South East Asian interest in high fashion. She opened this year’s Audi Fashion Festival ...
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Philippines Further Limits Access to Special Deposit Accounts
The Philippine central bank will further limit access to special deposit accounts, stepping up efforts to curb inflows and reduce costs of managing liquidity. Starting 2014, Bangko Sentral ng Pilipinas will ban so-called investment management activities, a type of account in banks’ trust departments, from SDAs, according to a memorandum posted on its website today. The central bank will ...
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Thailand’s $12b water management programme faces criticisms
Critics at the Second Asia Pacific Water Summit in Chiang Mai have taken aim at the Thai government’s $12 billion water management plan. Academics and policy makers said the flood programme was expensive and unsound. They said the plan does not factor in environmental or health impact assessments on flood prone areas, violating Thailand’s constitution. Thailand’s Science ...
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Amnesty bill to reignite tensions in Thailand
Thailand’s deputy prime minister, Chalerm Yubamrung, plans to introduce a contentious amnesty bill into parliament on Thursday that will stoke new political tensions three years after bloody street protests and a military crackdown exposed Thailand’s deep divisions. The so-called reconciliation bill would absolve all political offenders involved in protests since a 2006 coup and ...
Mumbai Digest
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Mumbai taxis to be better ambassadors of the city
Taxi drivers in Mumbai are going to be educated on the finer points of etiquette, according to Mumbai news reports, and the local government insists this will improve tourism and local transport in the city and wider state.
All residents of Mumbai know that their city is the largest in India, the richest by GDP in South and Central Asia and the second biggest city in the world by population. It is the economic powerhouse of the country and is advanced to a world-class level in many ways, such as the Bombay Stock Exchange, the oldest in Asia, major development initiatives such as Nairman Point and the location in Mumbai of five Fortune 500 companies. Read more
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