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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


World - Russia adoption law discriminatory: European court

The European Court of Human Rights ruled on Tuesday that Russia`s policy of refusing to allow Americans to adopt Russian children was discriminatory, a decision Moscow said it would appeal. The court ordered Russia to pay damages to the 45 Americans who filed the case, who had hoped to adopt 27 children between 2010 and 2012. Many of the children had serious medical problems, including Down`s Syndrome or developmental disorders, requiring specialised treatment.

Tuesday, January 17, 2017  16:01


World - Hungary set to turn screws on Soros-backed NGOs

Hungarian NGOs have long felt the heat under strongman Prime Minister Viktor Orban -- but they now fear that, emboldened by Donald Trump`s victory, the right-wing premier will turn the screws even tighter. First in line may be groups backed by Hungarian-born billionaire financier George Soros, whose foundation once funded the Oxford studies of a young Orban more than 25 years ago. Last week the deputy head of Orban`s ruling party Fidesz, in power since 2010, said that non-governmental organisations should be `cleaned out of here`.

Tuesday, January 17, 2017  06:25


World - Brexit: What we know

Britain is set to become the first European Union member to leave the bloc following a referendum last year in which a majority voted for Brexit. Britain has had a love-hate relationship with Brussels since joining in 1973. Prime Minister David Cameron, who took office in 2010, called the referendum in a bid to end long-standing divisions in his Conservative Party.

Tuesday, January 17, 2017  05:48


World - Spain arrests Moroccan accused of leading Islamist militant cell

Spanish police have arrested a Moroccan man suspected of leading an Islamist militant cell which recruited volunteers to travel to Turkey for training by Islamic State, the Interior Ministry said on Monday. The man, who held Spanish residency, was detained in the northern city of San Sebastian and was said to be working on recruiting potential combatants in person and over the internet since 2010. New recruits would be sent to Turkey where they would receive training and instructions for potential attacks in Europe, it said.

Monday, January 16, 2017  08:08


Top Stories - How Obama changed America

In May 2010, Time magazine tells us, Barack Obama invited a group of America`s most distinguished presidential historians to dinner at the White House. He was searching for ideas, examples and `lessons from his predecessors.`

Saturday, January 14, 2017  01:12


World - Silverstone in government talks over Grand Prix

Silverstone chiefs on Friday revealed they are in talks with the government in a bid to save the British Grand Prix. The British Grand Prix has been a permanent fixture on the Formula One calendar since 1950, but the event`s future was thrown into doubt after the British Racing Drivers` Club, who own the circuit, suggested they may activate a break clause to cease Grand Prix racing after 2019. Silverstone agreed a 17-year deal to stage the British Grand Prix from 2010, but are struggling to afford the race fee paid to Formula One Management Group, of which Bernie Ecclestone is the chief executive.

Friday, January 13, 2017  16:02


World - USDA analysis says ethanol`s environmental benefits better than forecast

By Chris Prentice NEW YORK (Reuters) - The U.S. government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country`s biggest biofuel a week ahead of a new administration that has some in the industry concerned. The report, the first of its kind from the U.S. Department of Agriculture (USDA) to examine the actual impact of ethanol, said the biofuel reduces greenhouse gas (GHG) emissions by 43 percent relative to gasoline, significantly more than the 21 percent estimated by the Environmental Protection Agency in 2010. The analysis, prepared for USDA by Washington consultancy ICF International, comes just a week ahead of the inauguration of President-elect Donald Trump.

Thursday, January 12, 2017  20:50


World - Nazi Alois Brunner died in Syria in 2001, French report says

Alois Brunner, an Austrian SS officer found responsible for the World War Two deportation of 125,500 European Jews to Nazi death camps, died in a Syrian jail cell in 2001, according to a report by two journalists published in France. Until now, Brunner, Adolf Eichmann`s right-hand man, was reported to have died around 2010 in Damascus, where he fled in 1954 and lived under government protection, according to leading Nazi hunters. In a French public radio interview, Aouidj said Brunner had effectively been an employee of the Syrian leadership, where he trained the top level of intelligence services staff.

Wednesday, January 11, 2017  14:26


World - Trump taps well of protest with calls for more drilling in national parks

President-elect Donald Trump aims to open up federal lands to more energy development, tapping into a long-running and contentious debate over how best to manage America`s remaining wilderness. With Trump poised to take office on Jan. 20, energy companies and their lobbyists are eyeing a new gusher of federal drilling and mining leases after a period of stagnation under the administration of Barack Obama. Oil output on federal land made up about a fifth of the national total in 2015 - down from more than a third in 2010 - while the number of onshore drilling leases fell about 15 percent, according to federal data.

Wednesday, January 11, 2017  12:19

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