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Yahoo

World - Hong Kong regulator sues Standard Chartered, UBS over IPO


Hong Kong`s stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city`s bourse. The Securities and Futures Commission (SFC) on Monday filed documents to the High Court alleging `market misconduct` in connection with China Forestry Holdings`s IPO, worth $217 million, and the firm`s financial statements for 2009 to the first half of 2010. Swiss giant UBS also said in October it could face a fine and suspension from sponsoring IPOs in Hong Kong over a listing in the city.


Wednesday, January 18, 2017  07:11

Yahoo

Sports - Els backs Tiger to gain strength from roaring forties


By John O`Brien SINGAPORE (Reuters) - Four-time major winner Ernie Els believes age is no barrier to success for Tiger Woods as the American great embarks on his latest comeback attempt after crippling injuries have blighted his last three seasons. Woods experienced mixed results on his return to action after 15 months out in December but the 41-year-old 14-times major winner has committed to a busy schedule, starting at next week`s Farmers Insurance Open, as he targets a return to full-time play. There have been a few cases where we have won majors in our 40s, it doesn`t happen that often but it does happen,` Els, who was 42 when he won the 2012 British Open, told reporters on Wednesday.


Wednesday, January 18, 2017  08:06

Yahoo

Sports - Golf-Els backs Tiger to gain strength from roaring forties


By John O`Brien SINGAPORE, Jan 18 (Reuters) - Four-time major winner Ernie Els believes age is no barrier to success for Tiger Woods as the American great embarks on his latest comeback attempt after crippling injuries have blighted his last three seasons. Woods experienced mixed results on his return to action after 15 months out in December but the 41-year-old 14-times major winner has committed to a busy schedule, starting at next week`s Farmers Insurance Open, as he targets a return to full-time play. There have been a few cases where we have won majors in our 40s, it doesn`t happen that often but it does happen,` Els, who was 42 when he won the 2012 British Open, told reporters on Wednesday.


Wednesday, January 18, 2017  07:58

CNN

Asia - Is Aung San Suu Kyi the Mandela of Asia?


After spending 15 years under house arrest, democracy icon Aung San Suu Kyi explains her life outlook and why she doesn`t harbor bitterness.


Wednesday, January 18, 2017  04:53

Yahoo

Sports - Paul to miss 6-8 weeks after thumb surgery


(Reuters) - Los Angeles Clippers point guard Chris Paul will need surgery to repair a torn ligament in his left thumb and is expected to be sidelined for 6-8 weeks, the team announced on Tuesday. Paul, who will undergo the operation on Wednesday, was hurt during the first half of the Clippers` win over the Oklahoma City Thunder on Monday. The Clippers (29-14) have been hit hard by injuries this season and are awaiting the return of All Star forward Blake Griffin, who has missed the last 15 games with a knee injury.


Wednesday, January 18, 2017  03:11

Yahoo

Business - China posts worst export fall since 2009 as fears of U.S. trade war loom


By Elias Glenn and Sue-Lin Wong BEIJING (Reuters) - China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China`s leaders will see if President-elect Donald Trump makes good on a campaign pledge to brand Beijing a currency manipulator on his first day in office, and starts to follow up on a threat to slap high tariffs on Chinese goods. It will be tough for foreign trade to improve this year, especially if the inauguration of Trump and other major political changes limit the growth of China`s exports due to greater protectionist measures, the country`s customs agency said on Friday.


Friday, January 13, 2017  10:44

Yahoo

Business - Exxon doubling Permian Basin holdings in U.S. for up to $6.6 billion


Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. The deal, Exxon`s biggest since its 2009 buyout of XTO Energy, is the latest by oil producers across the Permian since last summer, with technological improvements and rangebound oil prices fueling the buyouts. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas.


Tuesday, January 17, 2017  17:27

Yahoo

World - Poll: 40 percent approve of Trump`s handling of transition


President-elect Donald Trump will take office this week with an approval rating of 40 percent, sharply lower than any incoming US president in recent history, a new poll showed Tuesday. The CNN/ORC poll showed Trump lagging more than 20 points behind the ratings of his three most recent predecessors and 44 points below that of President Barack Obama as he prepared to enter the Oval Office in 2009, CNN said. Trump immediately slammed the poll findings.


Tuesday, January 17, 2017  14:28

Yahoo

World - Iraq forces retake IS-bombed `Jonah`s tomb` in Mosul


Iraqi forces battling the Islamic State group in Mosul on Monday retook an area where the jihadists levelled one of the city`s most well-known shrines in 2014, officials said. `We retook control of Nabi Yunus area... raised the Iraqi flag above the tomb,` Sabah al-Noman, spokesman for the Counter-Terrorism Service spearheading the Mosul offensive, told AFP. The Nabi Yunus shrine -- which was built on the reputed burial site of a prophet known in the Koran as Yunus and in the Bible as Jonah -- was a popular pilgrimage site.


Monday, January 16, 2017  15:49

Yahoo

Business - IMF sees Trump spending aiding U.S. growth, some emerging markets weaker


The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump`s tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. Updating its World Economic Outlook, the IMF kept its overall global growth forecasts unchanged from October at 3.4 percent for 2017 and 3.6 percent for 2018, up from 3.1 percent growth in 2016, the weakest year since the 2008-2009 financial crisis. The United States will see a slight 0.1 percentage-point improvement in 2017 gross domestic product and a stronger 0.4 percentage-point gain in 2018 as Trump lays plans for expansionary fiscal measures including tax cuts and infrastructure spending.


Monday, January 16, 2017  14:20

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