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World - Australia`s NSW state election set to greenlight blockbuster energy sell-off


By Byron Kaye SYDNEY (Reuters) - The Australian state of New South Wales is expected to re-elect its conservative government on Saturday, endorsing the country`s largest ever privatization, the partial sale of a state-owned electricity network worth around A$17 billion ($13 billion). Electricity privatization has been a divisive issue in the country`s most populous state for two decades, but opinion polls suggest the state premier Mike Baird has won over voters with his promise to use the proceeds to fund road and rail projects to ease congestion in traffic-choked Sydney. With a population of more than 7 million, New South Wales (NSW) accounts for nearly a third of Australia`s national economy with gross domestic product expected to pass A$500 billion in the 2014/15 financial year. Some of the world`s biggest infrastructure investors including State Grid Corp of China [STGRD.UL] and Hong Kong billionaire Li Ka-Shing`s Cheung Kong Infrastructure Holdings Ltd have lined up to bid for the NSW power asset, as have several of Australia`s top investment funds, according to local media.


Friday, March 27, 2015  04:44

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World - U.S. drops graphic anti-Islamic State leaflets over Syria`s Raqqa


The United States has dropped tens of thousands of graphic leaflets southwest of the Syrian city of Raqqa aimed at discouraging Islamic State recruitment, officials said on Thursday. The grisly, cartoon-style leaflets show recruits lining up to be shoved into a meatgrinder and is part of what the Pentagon formally calls `Military Information Support Operations,` or MISO, meant to influence thinking on the battlefield. The Pentagon said a U.S. Air Force F-15 warplane dropped about 60,000 of the leaflets on March 16. `The message of this leaflet is that if you allow yourself to be recruited by Daesch (Islamic State), you will find yourself in a meat grinder,` said Pentagon spokesman Colonel Steve Warren.


Friday, March 27, 2015  02:16

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Business - Great, now 3D printed rifles can fire 7.62mm NATO rounds


In 2013, Defense Distributed created the world`s first 3D printed handgun, the .38-caliber Liberator. The following year, they unveiled an AR-15 receiver capable of firing hundreds of 5.56mm rounds without ...


Friday, March 27, 2015  01:02

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Business - Exclusive: Headhunter contacts Morgan Stanley`s Fleming about CEO job at BNY Mellon


By Lauren Tara LaCapra and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the matter told Reuters.     At least one of the candidates, Gregory Fleming, who runs wealth and investment management at Morgan Stanley, has been contacted by the recruiting firm Spencer Stuart to gauge his interest in the job at the world`s largest custody bank, according to the two individuals and two additional sources. The overture to Fleming does not appear to represent an official search effort by BNY Mellon`s full 15-member board, which has so far supported Hassell despite rising pressure from activist investors concerned by his performance. In a statement that it attributed to its board of directors, BNY Mellon said: `The Board is not conducting a search and fully supports our CEO. Any suggestion to the contrary is completely false.` A spokesman for BNY Mellon said that Hassell was not available to comment.


Thursday, March 26, 2015  23:30

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World - UN creates watchdog for albino rights after surge in attacks


The UN Human Rights Council on Thursday decided to appoint an expert to investigate abuses suffered by albinos, who have faced a surge of attacks in east Africa. The resolution, presented by Algeria on behalf of the group of African states, comes after UN rights chief Zeid Ra`ad Al Hussein earlier this month decried a steep hike in attacks on albinos in east Africa. In the past six months, at least 15 people with albinism in Tanzania, Malawi and Burundi have been abducted, wounded, killed or escaped being kidnapped, his office said. The UN has warned that the surge in Tanzania could be linked to looming general and presidential elections in October 2015, as political campaigners may be turning to influential sorcerers to improve their odds.


Thursday, March 26, 2015  23:11

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World - Explosion kills one at Turkish magazine office: reports


ISTANBUL (Reuters) - An explosion ripped through a Turkish magazine`s office on Wednesday, killing one person and wounding three others, local media reported, citing police. Investigators did not immediately know what caused the explosion but were focusing on the possibility of a bomb attack on the offices of the monthly Adimlar Magazine in the Istanbul district of Kagithane, Sabah newspaper said. Adimlar is published by sympathizers of the Islamist militant group, the Great Eastern Islamic Raiders` Front (IBDA-C), Sabah said. ...


Wednesday, March 25, 2015  23:40

Yahoo

Sports - Happy return for holder Nordqvist to Kia Classic


(Reuters) - For a second time this year, Sweden`s Anna Nordqvist will get the chance to defend an LPGA Tour title at the same venue when she tees off in Thursday`s opening round of the Kia Classic in Carlsbad, California. Nordqvist is a four-times champion on the circuit but did not return as reigning champion to the sites where she claimed her first two wins, the 2009 McDonald`s LPGA Championship and the 2009 LPGA Tour Championship. `It seems like in the past a lot of the courses I`ve won on, we moved away,` Nordqvist told reporters while preparing for the final event LPGA event before next week`s ANA Inspiration, the opening women`s major of the year.


Wednesday, March 25, 2015  18:49

Yahoo

Sports - Golf-Happy return for holder Nordqvist to Kia Classic


For a second time this year, Sweden`s Anna Nordqvist will get the chance to defend an LPGA Tour title at the same venue when she tees off in Thursday`s opening round of the Kia Classic in Carlsbad, California. Nordqvist is a four-times champion on the circuit but did not return as reigning champion to the sites where she claimed her first two wins, the 2009 McDonald`s LPGA Championship and the 2009 LPGA Tour Championship. `It seems like in the past a lot of the courses I`ve won on, we moved away,` Nordqvist told reporters while preparing for the final event LPGA event before next week`s ANA Inspiration, the opening women`s major of the year.


Wednesday, March 25, 2015  18:31

Yahoo

World - Prosecutor accused of ignoring evidence in Kuwait `coup plot`


A senior member of Kuwait`s ruling family has accused the public prosecutor of overlooking key evidence when it cleared two former top officials of coup-plotting and corruption. Sheikh Ahmad Fahad al-Sabah also vowed to release more information in the case against a former prime minister and the ex-speaker of parliament. Public prosecutor Dherar al-Assoussi said Wednesday he would not press charges against ex-premier Sheikh Nasser Mohammad al-Ahmad al-Sabah and former parliament chief Jassem al-Khorafi. Sheikh Ahmad, a senior member of the ruling family and former energy minister, said in a statement released on Twitter that he will provide further evidence and `will not rest until those responsible are brought to justice`.


Sunday, March 22, 2015  14:53

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Business - Bank of America skips vote sought by funds on CEO`s roles


By Ross Kerber BOSTON (Reuters) - Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank`s proxy statement filed on Thursday. The Charlotte, North Carolina-based bank had been asked by pension funds including the California State Teachers` Retirement System to let shareholders vote on its move to give CEO Brian Moynihan the additional title of chairman last fall. Critics have said the bank had disregarded the will of shareholders who voted to strip previous CEO Ken Lewis of the chairmanship in 2009.


Thursday, March 26, 2015  21:57

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