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Business - Exclusive: Three employees at Marubeni`s grain unit in China detained

By James Topham and Niu Shuping TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp`s grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports. The three local staff worked at a Chinese unit of Marubeni`s Columbia Grain, Inc, the Japanese trading house and Chinese customs in the port city of Qingdao said. The detentions could add to recent pressure on soybean prices after a wave of soybean cargo defaults in China, where a combination of poor crushing margins and difficulty getting credit has led to a spike in rejected cargoes. U.S. soybean futures hit their lowest since April 14 on Thursday, on concerns about defaults by top buyer China, which buys more than 60 percent of global imports.

Thursday, April 24, 2014  12:01


Top Stories - Enter into Congo`s cult of elegance

Known as `Sapeurs,` these dapper dressers are part of a Congolese subculture devoted to the cult of style.

Thursday, April 24, 2014  03:23


World - Managers mishandled radiation leak at New Mexico nuclear site -official

Managers mishandled a radiation leak at a New Mexico nuclear waste dump in which 21 workers were exposed to airborne radioactive particles due in part to substandard equipment and safety systems, a U.S. investigator said on Wednesday. But the contamination from the underground salt mine in the Chihuahuan Desert - where radioactive waste from U.S. nuclear labs and weapons facilities is deposited - was unlikely to have harmed the workers` health, inspectors said. Ted Wyka, chairman of a federal accident review board, said improperly placed or inoperative air monitors, a substandard ventilation system and mismanagement contributed to the February 14 leak of radioisotopes including plutonium. The preliminary findings by Wyka and other officials assembled by the U.S. Energy Department, which oversees the plant, came during a public meeting in Carlsbad, New Mexico on Wednesday.

Thursday, April 24, 2014  08:29


World - Australia lifts F-35 order from 14 to 72 fighters

CANBERRA, Australia (AP) — Australia has increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane.

Wednesday, April 23, 2014  06:05


Business - Lockheed boosts profit 23 percent, lifts `14 outlook

Lockheed Martin Corp , the Pentagon`s largest supplier, on Tuesday reported a 23 percent jump in operating profit and earnings per share in the first quarter, and raised its earnings outlook for the full year by 25 cents. Lockheed, maker of the F-35 fighter jet, satellites and coastal warships, said revenues fell 4 percent compared to the first quarter of 2013, with only one of five business segments - aeronautics - reporting higher sales, as deficit-reducing measures began to take a toll on military spending. Lockheed reported net earnings of $933 million for the quarter, or earnings per share of $2.87, up from $761 million or $2.33 per share in the first quarter of 2013. It forecast earnings per share of $10.50 to $10.80 for the full year, an increase of 25 cents from its guidance in January, and left unchanged its forecast of $41.5 billion to $43 billion in sales.

Tuesday, April 22, 2014  12:41


World - Al Qaeda kills 14 Algerian soldiers in ambush

By Lamine Chikhi ALGIERS (Reuters) - Islamist militants killed at least 14 Algerian soldiers in an ambush in mountains east of the capital Algiers at the weekend in one of the deadliest attacks on the military in years. The troops were in the Tizi Ouzou region, 120 km (75 miles) east of Algiers, when they were attacked by al Qaeda`s north African branch, Al Qaeda in the Islamic Maghreb (AQIM), state news agency APS and a security source said on Sunday. The attack on Saturday night came just days after President Abdelaziz Bouteflika, 77, was re-elected for a fourth term following a campaign that portrayed the ageing leader as the key to continued security for the North African OPEC state. Since the end of its 1990s war with armed Islamists, attacks have been rarer in Algeria.

Sunday, April 20, 2014  21:02


World - Iraq attacks kill 14 as bomber hits university

Attacks in Iraq, including a suicide bombing at a university in north Baghdad, killed at least 14 people on Sunday, security and medical officials said. The attacks, which come as Iraq suffers a prolonged surge in bloodshed, took place less than two weeks before a parliamentary election that will be a major test for security forces. Officials gave varying accounts of the bombing of Baghdad`s Imam Kadhim University. A police colonel said a suicide attacker entered the university before setting off explosives, while another bomber and a gunman were killed by security forces.

Sunday, April 20, 2014  18:06


Africa - Algeria militants kill 14 soldiers

Islamist militants kill 14 Algerian soldiers in an ambush on a military convoy in mountains east of the capital Algiers.

Sunday, April 20, 2014  15:44


World - 14 Algerian soldiers killed in ambush

Fourteen Algerian soldiers were killed and a dozen wounded in an ambush in the restive Kabylie region east of Algiers, security sources said Sunday. Eleven soldiers were killed instantly, and another three later died of their wounds, national news agency APS quoted one security source as saying. `A convoy of the People`s National Army (ANP) that was returning from an operation to secure Thursday`s presidential election was surprised by a large terrorist group that had laid an ambush for it` at Iboudrarene, the source said. Another security source told AFP that a dozen soldiers were also wounded in the ambush, and that reinforcements had been dispatched to the area.

Sunday, April 20, 2014  15:32


World - 11 soldiers killed, 14 wounded in Algeria attack: security

Eleven Algerian soldiers were killed and 14 wounded when they fell into an ambush in the restive Kabylie region east of Algiers, a security sources said Sunday. One Islamist militant was also killed in the attack, which took place overnight at Iboudrarene as the troops were returning from a mission in the area, the sources said. The attackers laid the ambush on a main road between two villages in the mountainous region where Islamist militants who battled the army during the civil war in the 1990s still operate. Al-Qaeda in the Islamic Maghreb has also attacked security forces there.

Sunday, April 20, 2014  12:22

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