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China Court Ruling Could Threaten Foreign Investments in Country
Some are calling it ';bigger than Enron'; and ';a bit of a Ponzi scheme.'; A recent ruling by the Supreme People’s Court, the highest court in China, raises an important question: Is the future in question for more than half of the 200 Chinese companies listed on the New York and Nasdaq stock exchanges? Earlier this month, my colleague, Neil Gough, wrote about the ...
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Starboard’s battle with Smithfield over China-deal adds to activist image
Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL (AOL.N) and Office Depot Inc (ODP.N). Initially investing in small cap value companies, Starboard quickly gained a reputation in Silicon Valley as a corporate raider, targeting ...
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Suspicions Snowden spied for China ‘groundless’ Beijing
China’s foreign ministry on Monday dismissed as ';groundless'; suspicions that former US contractor Edward Snowden spied for Beijing. ';I think it is completely groundless,'; said foreign ministry spokeswoman Hua Chunying when asked at a regular news briefing if Snowden spied for China. They were the first concrete comments from Beijing on Snowden. Last week, Hua ...
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Chinese dissident urges US to ensure family’s fair treatment
Chinese dissident Chen Guangcheng called on the United States on Friday to ensure his family in China would be treated fairly, saying his imprisoned nephew was not receiving proper medical care from Chinese authorities, whom he accused of ';hooligan tactics.'; Chen, who made international headlines last year when he escaped house arrest and spent 20 hours on the run before finding ...
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Japan’s Venture Republic invests in price comparison site Telunjuk its first deal in Indonesia
Indonesia-based price comparison site Telunjuk has landed an undisclosed round of funding from Japan-based Venture Republic, which marks the firms’s first deal in Indonesia. The investment is the latest in a series of e-commerce funding deals in Indonesia in recent times, which have included C2C marketplace Tokopedia’s latest round announced last week and GREE and Sony’s ...
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Kyocera announces $89M deal to provide solar energy to Japan’s farming community
Japan-based electronics manufacturer Kyocera announced today it is supplying approximately 30 megawatts of solar power to agricultural facilities across Japan in a deal worth 8.5 billion yen ($89 million). Kyocera will supply, engineer, construct, and maintain 30MW of solar power generating systems to the project implemented by the National Federation of Agriculture Cooperative Associations ...
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Defense officials say four US troops killed in Afghanistan
Officials said Tuesday the four were killed by indirect fire, likely a mortar or rocket, but they had no other details. The officials spoke on condition of anonymity because they were not authorized to provide details on the deaths. The attack comes as US and allied forces formally handed over control of the country's security to the Afghan army and police in a ceremony in Kabul. The ...
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Goldman Bets on Cheapest Asia Market After China
Asia's emerging markets have been among the worst hit amid the recent rout in global stocks, but Goldman Sachs advocates accumulating South Korean equities now, on the basis that the market will fare well in a rising rate environment. "In a rising rate environment...more cyclical markets like Korea may benefit given their higher sensitivity to global growth than rates," ...
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Four US soldiers killed in attack on Afghan base
WASHINGTON - Four Americans were killed on Tuesday in an attack on Bagram air base by insurgents in Afghanistan, a US defence official said.The deaths were caused by insurgent "indirect fire," either mortars or rockets, said the official, who spoke on condition of anonymity.The report of casualties came hours after the Taliban insurgency announced it would enter into peace talks with ...
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Coin bearing cross hits European Union hurdle
European Commission (EC), the union's executive arm, had ordered it to remove halos and crosses from special commemorative euro coins due to be minted this summer. The coins were intended to celebrate the 1,150th anniversary of Christianity's arrival in Slovak lands but have instead become tokens of the faith's retreat from contemporary Europe. "There is a movement in the EU ...
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Mali and Tuareg rebels sign peace accord
OUAGADOUGOU: The nation of Mali, which lost half its territory last year to rebels, signed an accord Tuesday with Tuareg separatists who still control the country's northernmost province, paving the way for ...
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Jolie stunt double sues Murdoch firm in US over phone hacking
Hollywood star Angelina Jolie has become the first of six people to formally launch legal proceedings against Rupert Murdoch's media empire in America over alleged phone hacking. Eunice Huthart, a former star of the Gladiators television show who went on to become a stunt specialist in the US film industry, has lodged a damages claim in California. While previous hacking civil actions have ...
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Turkey Police crackdown on protestersOvernight riot police in the capital Ankara briefly fired tear gas and used water cannons on protesters who hurled back stones and hid behind makeshift barricades but there were no other reports of confrontations.
Recep Tayyip Erdogan on Tuesday claimed victory over anti-government protesters after a heavy crackdown on the movement, as police raided homes and arrested dozens of demonstrators to stamp out nearly three weeks of ...
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Rising civilian casualties a pointer to future threat
President Hamid Karzai and the Nato secretary general Anders Fogh Rasmussen. There are about 98,000 troops from 50 countries currently operating in Afghanistan led by General Joseph F. Dunford, Jr. of the US. Of these, over 68,000 are Americans. President Obama had announced earlier this year that the troops will be withdrawn from combat duty by 2014, leaving only a residual force of up to 9,000 ...
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Nigella’s husband admits to throat grab
husband Charles Saatchi admitted assault and accepted a police caution after published photos showed him grasping her throat at a restaurant last ...
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China to raise Snowden issue with UNs Ban Ki-Moon
Edward Snowden , a contractor for NSA, who is now hiding in Hong Kong. He has been described as a traitor by some senators in the US, who raised questions on whether he escaped to a city within China. Chinese foreign ministry continued to hedge questions on whether it would extradite Snowden if the US government made the request. Beijing does not want to be seen as giving orders to the Hong Kong ...
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Fortress Asia Macro Fund Named “Best Asia-Based Macro Fund” and “Best Singapore Hedge Fund” at Eurekahedge Asian Hedge ...
NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group's ( ) Fortress Asia Macro Fund was named "Best Asia-Based Macro Fund" and "Best Singapore Hedge Fund" at the Eurekahedge Asian Hedge Fund Awards 2013. Award winners were selected by an independent panel of judges based on qualitative and quantitative factors, including performance in 2012 and the first ...
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Sri Lanka Proposed Media Code Threatens Free Speech
The government's proposed media code is part of a sustained campaign to control the media and curtail dissent. Sri Lankan journalists are already under enormous pressure not to be critical of the government, and the vagueness of this code will likely lead to greater self-censorship to avoid government ...
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Egypt court ends Mubaraks detention in fraud caseThe North Cairo misdemeanour court ordered Mubaraks release but said it will continue to investigate accusations that he and his family acquired wealth illegally.
illicit gains authority have been questioning Mubarak at the south Cairo prison, where he is being held to look into how he acquired several houses and villas around Egypt. According to sources close to the case, Mubarak insisted that all the property was acquired legitimately. Last week, Mubarak, his wife and one of their sons Gamal said they would return gifts worth a total of $600,000 to ...
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Lawmaker 29 others die in Pakistan blast
funeral procession at Shergarh in Pakistan's northwestern Khyber Pakhtunkhwa province on Tuesday. "(The) dead included Imran Khan Mohmand, a member of provincial assembly. The bomber entered the funeral by foot," said Tahir Ayub, a local police officer. Mohmand had joined Imran Khan-led Pakistan Tehreek-i-Insaf (PTI) party after winning a provincial assembly seat as an ...
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The ins and outs of G8 summit promises
The G8 leaders met Libya's Prime Minister Ali Zeidan to discuss ways of supporting democracy in the country following the overthrow of the late dictator Moammar ...
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US House backs Taiwan at UN aviation body
WASHINGTON (AFP) - The US House of Representatives urged the United Nations aviation group to give a role to Taiwan, a small victory for an island whose rivalry with China keeps it from world bodies.Lawmakers unanimously approved a bill that directed Secretary of State John Kerry to use US diplomacy to push for observer status for Taiwan when the International Civil Aviation Organization meets ...
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Hand written eye witness journal on Vasco da Gamas historic voyage to India declared one of the worlds greatest documents
LONDON: A hand written journal of Vasco da Gama's first voyage to India, dating back to 1497-1499 that describes how he led the first fleet around Africa to India, arriving in Calicut and starting a maritime route from Portugal to India, changing the course of history of humankind has been included in the most prestigious list of the world's greatest documents. Unesco's world ...
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Brazils urban young get their Anna Hazare moment
Anna Hazare was making headlines with his fast at Ramlila Maidan in Delhi, a group of Brazilians, wearing Gandhi caps, appeared on the Copacabana beach here in support of India's fight against corruption. It was not just an act of solidarity with a fellow emerging country, it was also an indication of things to come. On Monday, two weeks of protests against the 20 ...
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Happy Birthday to You belongs to us all lawsuit says
NEW YORK: " Happy Birthday to You," the ditty sung around the world in tribute to everyone from toddlers to centenarians, belongs to the public, according to a lawsuit filed on Thursday. The proposed class action asks a federal court to declare the song to be in the public domain and that Warner/Chappel Music Inc, the music publishing arm of Warner Music Group, return "millions of ...
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