This Website Maybe For Sale – Click Here -

COUNTRIES Resource Center

Source Match International News

Robin Gibb of Bee Gees dies at 62

FILE - In this May 24, 2007, file photo, Robin Gibb of The Bee Gees arrives at Grosvenor House in London, to attend the Ivor Novello Awards. A representative said on Sunday, May 20, 2012, that Gibb has died at the age of 62. (AP Photo/Max Nash, File)Robin Gibb, a founding member of the Bee Gees who helped propel the group to international stardom, has died. He was 62.


Gunbattle in Beirut amid fears of Syria spillover

In this citizen journalism image provided by Sham News Network SNN, an anti-Syrian regime protester, holds up a Cross and Crescent painted with colors of the Syrian revolution flag during a demonstration against Syrian President Bashar Assad, at the Damascus suburb of Yabroud, Syria, Friday, May 18, 2012. Syrian security forces fired tear gas and live ammunition to disperse thousands rallying Friday in Aleppo in what activists said was the largest protest yet in a city that has largely remained loyal to President Bashar Assad during the country's 15-month uprising. (AP Photo/Sham News Network, SNN)THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOGunmen fired rocket-propelled grenades and machine guns early Monday in intense street battles in the Lebanese capital, wounding six people as fears mounted that the conflict in neighboring Syria was bleeding across the border.


Europe faces difficult search for growth

French President Francois Hollande, left, talks with German Chancellor Angela Merkel at the North Atlantic Council meeting in Chicago during the NATO 2012 Summit Sunday, May 20, 2012. French Defense Minister Jean-Yves Le Drian is at back center. (AP Photo/Christophe Ena)On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.


Reports: Nasdaq 'embarrassed' at Facebook delay

The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.

Serb rightist wins presidency, backs EU path

A supporter of the Serbian Progressive Party celebrates party leader and presidential candidate Tomislav Nikolic's victory in BelgradeBELGRADE (Reuters) - Opposition leader Tomislav Nikolic, last in power when Slobodan Milosevic's Serbia was bombed by NATO in 1999, was elected president on Sunday and pledged to keep the former Yugoslav republic moving towards the European Union. In a major upset, rightist Nikolic narrowly defeated liberal leader Boris Tadic, ending his eight years as head of state in a tense run-off election in which fewer than half of Serbia's eligible voters turned out. "There is divine justice," Nikolic told jubilant supporters in the capital, Belgrade. ...


Convicted Lockerbie bomber dies of cancer in Libya

FILE - This undated file photo, issued by the British Crown Office, shows Abdel Baset al-Megrahi. A son says Al-Megrahi, the former Libyan intelligence officer who was the only person ever convicted in the 1988 bombing of a PanAm flight over Scotland that killed 270 people, has died in Tripoli, Libya. Al-Megrahi suffered from prostate cancer. His death was announced Sunday, May 20, 2012, by his son Khaled. (AP Photo/Crown Copyright, File)He was the embodiment of one of modern Libya's darkest chapters — a man synonymous with horrifying scenes of wreckage, broken families and a plane that fell out of the sky a generation ago. His name, Abdel Baset al-Megrahi, was little known compared to the single word that his deeds represented: Lockerbie.


Italy quake kills at least six, damages historic buildings

A Carabinieri paramilitary officer stands near a damaged car after a strong aftershock struck Finale EmiliaSANT' AGOSTINO, Italy (Reuters) - A strong earthquake in northern Italy killed at least six people, injured dozens and damaged historic buildings including a famed mediaeval castle early on Sunday, waking terrified citizens and sending thousands running into the streets. The quake, which the U.S. Geological Survey recorded at magnitude 6.0, struck at 4:04 a.m. (0204 GMT) and was followed by a series of jolting aftershocks. At least two of them reached magnitude 5.1, sowing fresh panic, further damaging already weakened buildings and causing more structures to collapse. ...


Apple, Samsung CEOs set for court talks

To match Insight SAMSUNG/SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...


Nationalist wins Serb presidential runoff

Supporters of Serbian Progressive Party leader Tomislav Nikolic with his pictures celebrate after presidential elections in downtown Belgrade, Serbia, Sunday, May 20, 2012. Nationalist Tomislav Nikolic beat pro European Union incumbent Boris Tadic in Serbia's presidential runoff election. (AP Photo)Nationalist candidate Tomislav Nikolic won the Serbian presidency on Sunday, a result that adds to the political turmoil in the Balkan country and could slow down its attempts to join the European Union.


France's "Mr. Normal" stands out in diplomatic debut

French President Hollande arrives at the NATO Summit in ChicagoCHICAGO (Reuters) - New French president Francois Hollande likes to style himself as "Mr. Normal," but his sudden debut on the global stage this week has been anything but. From the Oval Office to a meeting of G8 leaders at the Camp David presidential retreat to the NATO summit in Chicago, Hollande, a life-long party official who has never held a ministerial post, sometimes looked as though he were trying the role of international summiteer on for size. Despite some awkwardness, Hollande appeared to pass his initial diplomatic tests. ...


Lockerbie bomber Megrahi dies in Libya leaving unanswered questions

File photo of convicted Lockerbie bomber Megrahi speaking during an exclusive interview with Reuters TV at his home in TripoliTRIPOLI (Reuters) - Abdel Basset al-Megrahi, the Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie, died of cancer on Sunday aged 60, leaving many questions on the attack and its aftermath unanswered. Megrahi, who said he was not responsible for bringing the jumbo jet down on the Scottish town and killing 270 people, was found guilty in 2001 but was freed in 2009 and returned to Libya because he had terminal cancer and was not expected to live long. ...


Insight: Indonesia tycoon Bakrie gears up for presidential bid

TANGERANG, Indonesia (Reuters) - There are many ways to describe Indonesia's Aburizal Bakrie: multi-millionaire businessman, global mining tycoon, heavyweight contender for the presidency in 2014. One description that does not spring to mind is man of the common people. So when Bakrie strode into a railway station in south Jakarta last week and slapped the equivalent of one U.S. dollar down on the counter for a ticket, it was a moment of political theatre. It also signaled an early step in the march to presidential elections in mid-2014 in the world's most populous Muslim-majority nation. ...

Egyptian detainees start hunger strike

Presidential candidate, Khaled Ali gestures as he speaks to his supporters in Cairo, Egypt, Sunday, May 20, 2012. Egypt's youngest presidential candidate has joined dozens of activists on hunger strike to protest the continued detention of more than 300 people who face possible military prosecution. (AP Photo/Amr Nabil)More than 100 Egyptians held since a mass arrest over two weeks ago began an open-ended hunger strike Sunday to protest their continued detention and the possibility they will face military prosecution, activists said.


'Avengers' sinks 'Battleship" to remain No. 1

FILE - This file photo of a film image released by Disney shows Iron Man, portrayed by Robert Downey Jr., left, and Captain America, portrayed by Chris Evans, in a scene from "The Avengers" continues to muscle out everything else Hollywood throws at it, easily sinking naval rival "Battleship" and other new releases.


Alleged perpetrator of mass beheadings in Mexico arrested

MEXICO CITY (Reuters) - Mexican soldiers have arrested an alleged perpetrator of the massacre of 49 people whose corpses were decapitated, dismembered and dumped on a highway last week. Daniel Elizondo, alias "The Madman," a leader of the Zetas drug cartel, was detained in the northern state of Nuevo Leon, a spokesman for the army said Sunday. Elizondo headed the Zetas trafficking operations in Cadereyta, an industrial town on the outskirts of Monterrey, close to where the bodies were dumped, the official said. ...

Yemen troops clash with al-Qaida in south; 17 dead

Fresh clashes between al-Qaida fighters and government forces in Yemen left 17 dead on Sunday, military officials said, as the army pushed on with an offensive to regain a key town in the county's south that fell to the militants more than a year ago.

Palestinian rivals set timetable for unity deal

Palestinian rivals Hamas and Fatah agreed on Sunday on a new timetable for a power-sharing deal that envisions elections in about six months, officials from both sides said.

Profiles of Egypt's main presidential candidates

FILE - This combination of photos shows Egyptian presidential candidates, from left, Amr Moussa, Ahmed Shafiq, Mohammed Morsi and Abdel-Moneim Abolfotoh. None of the 13 candidates is likely to top 50 percent in voting Wednesday, May 23, 2012 and Thursday, so a runoff vote is set for June 16-17. A president will be announced June 21. (AP Photo)Profiles of Egypt's main presidential candidates:


Explosion near U.N. ceasefire monitor chief's convoy: Reuters witness

United Nations Under-Secretary-General for Peacekeeping Operations Ladsous and Norwegian Major-General Mood at a field visit to al-Zabadani area, near DamascusDOUMA, Syria (Reuters) - A roadside bomb exploded on Sunday about 150 meters (yards) from a United Nations convoy carrying the head of a Syria ceasefire monitoring mission and a senior U.N. official in the town of Douma, a Reuters witness said. Major General Robert Mood's car was stopped at an army checkpoint when the bomb detonated in an nearby alleyway and the convoy left, the Reuters journalist said, adding that there were no reports of casualties. United Nations Under-Secretary-General for Peacekeeping Operations Hervé Ladsous, who is visiting Syria, was also part of the convoy. ...


U.N. nuclear chief hopeful on Iran deal before Baghdad meet

International Atomic Energy Agency (IAEA) Director General Yukiya Amano speaks during a meeting with Belarussian Foreign Minister Sergei Martynov in MinskVIENNA (Reuters) - The U.N. nuclear supervisor flew to Tehran on Sunday voicing optimism he could reach a deal to investigate suspected atom bomb research - a possible breakthrough that Iran may hope could help ease Western sanctions pressure and deflect threats of war. "I really think this is the right time to reach agreement. Nothing is certain but I stay positive," Yukiya Amano, director general of the International Atomic Energy Agency, said at Vienna airport, adding "good progress" had already been made. ...


Russia says West still considering military action on Iran

Russia's Deputy Foreign Minister Sergei Ryabkov speaks during a news briefing in the main building of Foreign Ministry in MoscowMOSCOW (Reuters) - Russia's deputy foreign minister said on Sunday that military action against Iran over its nuclear program was being considered in some Western countries. Deputy Foreign Minister Sergei Ryabkov was speaking to reporters on a plane on his way back from the G8 summit in Camp David, where the G8 leaders signaled their readiness to tap into emergency oil stockpiles quickly this summer if tougher new sanctions on Iran threatened to strain supplies. ...


Pakistan blocks Twitter over contentious tweets

Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

A debate: Should you jump in on Facebook debut?

A television photographer shoots the Like sign outside of Facebook headquarters in Menlo Park, Calif., Friday, May 18, 2012. Facebook CEO Mark Zuckerberg symbolically opened trading on the Nasdaq stock market inside Facebook headquarters in Menlo Park. Facebook stock is starting trading today, available to the general public for the first time. The social networking site, which was started in a college dorm room eight years ago, would be valued at more than $100 billion according to the price set for shares ahead of today's trading. (AP Photo/Paul Sakuma)Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.


Party leaders refuse to budge on debt positions

Republicans and Democrats are refusing to budge when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.

For NY farmers, fracking means salvation _ or ruin

FILE - In this Feb. 2, 2012 file photo, organic dairy farmer Siobhan Griffin stands in a field with her cows a field at Raindance Farm in Westville, N.Y. While other states are reaping the wealth of the Marcellus Shale, New York has had a moratorium on drilling for four years while it overhauls regulations amid intense lobbying for a ban. Griffin, who raises grass-fed cows and sells organic cheese, doesn’t see gas as the answer. Rather, she fears for her cows if drilling comes to neighboring leased land. She points to Pennsylvania, where 28 cows were quarantined from sale after they drank wastewater, and Louisiana, where 17 cows died after drinking contaminated water. (AP Photo/Mike Groll, File)When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York.


Strong quake kills 4 in Italy cheese region

Debris of collapsed buildings block a road in Finale Emilia northern Italy, Sunday, May 20. 2012. A magnitude 6 earthquake shook northern Italy early Sunday at 4:04 a.m. Sunday between Modena and Mantova, about 35 kilometers (22 miles) north of Bologna at a relatively shallow depth of 10 kilometers (6 miles). (AP Photo/Marco Vasini)A magnitude-6.0 earthquake shook several small towns in northeast Italy Sunday, killing four people, knocking down a clock tower and other centuries-old buildings and causing millions in losses to the region known for making Parmesan cheese.


Facebook shares could fall below IPO price: Barron's

In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in Bern(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in the market by the deal's underwriters. But Barron's said the "big question" this week will be whether they continue to do so. ...


Insight: China pays high price to spare state firm from bankruptcy

WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. The bailout averted what would have been China's first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on "too-big-to-fail" treatment. ...

Lone bomber, not mafia, sought for Italy school attack

BRINDISI (Reuters) - A bomb attack which killed a teenage girl and wounded 10 other people in the southern Italian town of Brindisi was probably done by an individual operating alone, a senior official said on Sunday, playing down initial suspicions of mafia involvement. Saturday's attack on the Francesca Morvillo Falcone school, a vocational training institute named after the wife of a famed anti-mafia judge, horrified Italy and sparked speculation it was the work of southern Italy's organized crime gangs. ...

Euro zone row gets fat pay rise for German workers

BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Germany's largest industrial union IG Metall agreed to a 4.3-percent pay rise from employers just before dawn on Saturday -- giving the 3.6 million car and engineering industry workers their biggest wage increase since a 5.4 percent deal in 1992. The eye-catching 4. ...

U.S. banking laws unable to stop JPMorgan loss: Republican Boehner

WASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. "I don't believe there's anything in Dodd-Frank (financial reform law) that would've prevented this activity at JPMorgan," said Boehner, the top Republican U.S. officeholder. He made the comments Friday in an interview for ABC's "This Week. ...

Wall Street Week Ahead: Market is oversold, but major signs say "sell"

The U.S. flag hangs outside the New York Stock ExchangeNEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...


APNewsBreak: 22 states join campaign finance fight

FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.


Weaker euro zone nations need more support from core: UK

LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe's 17-country single currency bloc is under threat from a political stalemate in Greece, which could lead to its departure from the monetary union at unknown costs to the financial system and global economic stability. ...

Pakistan blocks Twitter over contentious material

Pakistan blocked the social networking website Twitter on Sunday because it refused to remove material considered offensive to Islam, said one of the country's top telecommunications officials.

China's Wen urges more support for growth

BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter. "We should continue to implement a proactive fiscal policy and a prudent monetary policy while giving more priority to maintaining growth," Premier Wen Jiabao said in comments reported by state news agency Xinhua. Chinese exports rose by 4. ...

China state-run businesses to invest 350 billion yuan in Chongqing

BEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. Since the fall of the once high-flying Chinese official, media reports and some investors have questioned whether Chongqing's debt-laden economy is also headed for trouble. ...

Samsung's mobile chief says has options to settle war with Apple

Students walk out of a showroom at the headquarters of Samsung Electronics in SeoulSEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.. "There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing," Shin told reporters at Seoul airport shortly before his departure for the United States. Asked about the prospects for Samsung's memory chip business, Shin said the 4G chip shortage was expected to continue until early in the fourth quarter of this year. ...


Day after historic IPO, Facebook's Zuckerberg weds

This photo provided by Facebook shows Facebook founder and CEO Mark Zuckerberg and Priscilla Chan at their wedding ceremony in Palo Alto, Calif., Saturday, May 19, 2012. Zuckerberg updated his status to For Facebook founder and CEO Mark Zuckerberg, it was quite a week — from birthday, to IPO, to I DO.


Status update: Facebook's Mark Zuckerberg gets married

Facebook co-founder and CEO Zuckerberg and Priscilla Chan are seen in this wedding photo(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire's wedding took place a day after Facebook's initial public offering on the Nasdaq stock exchange on Friday. More than 280,000 people "liked" Zuckerberg's status change, which was accompanied by a photo of the smiling couple in wedding attire in a small, verdant outdoor setting with a string of lights behind them. ...


Two smaller unions agree deals with Lockheed

(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. Lockheed said about 70 members of the International Brotherhood of Electrical Workers (IBEW) on Friday ratified a new contract that would extend for four years. On Saturday, a new five-year contract was approved by 430 members of the Office and Professional Employees International Union (OPEIU). Both agreements take effect on Monday. ...

Google says it has China's approval for Motorola deal

Women walk past the logo of Google in front of its former headquarters in Beijing(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...


Greeks' crisis is personal as well as political

Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's problems than his own.

Seaway pipeline sends oil to Texas in historic reversal

HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman Rick Rainey of operating partner Enterprise Products said by email. Enbridge Inc is a 50 percent partner in the project. ...

Russia Sberbank sees sale certainty after government formed

CEO of Russian Sberbank Gref attends a plenary session of the World Economic Forum in ViennaWASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. Sberbank initially planned the sale of the 7.6 percent stake, part of Russia's ambitious privatization program, last September but postponed the deal after global risk aversion wiped around $1.5 billion off the stake's value. "It seems to me that, yes, such certainty should emerge (after the cabinet announcement)," Gref said. ...


Google says it won China's approval for Motorola deal

Women walk past the logo of Google in front of its former headquarters in Beijing(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...


Audi eyes management reshuffle: CEO in magazine

FRANKFURT (Reuters) - Volkswagen's Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit's head told a German magazine. "Against the backdrop of Audi's 'Strategy 2020' it would be negligent not to think about the team line-up," Audi Chief Executive Rupert Stadler told WirtschaftsWoche in an excerpt of an article made available to Reuters on Saturday. There were "of course" discussions about organization and structure in this context but decisions have not yet been taken, he added. ...

Obama pledges tough enforcement of Wall Street reforms

U.S. President Barack Obama walks to welcome guests at the G8 summit in Camp DavidPresident Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...


Manulife, Metlife submit bids for ING Asia sale: sources

HONG KONG (Reuters) - Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever. ING's long awaited sale of Asian life insurance and the asset management units will help the Dutch bancassurer to partly repay the 3 billion euros ($3.81 billion) of state aid plus the 50 percent premium it still owes the Dutch government. The bids were submitted late on Friday and the indicative offers ranged between 6-7 billion euros ($7.6-$8. ...

CFTC opens probe into JPMorgan trading loss: source

(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters. The agency will soon disclose the existence of the investigation, the source said on Friday. Earlier on Friday, the New York Times reported that the CFTC had opened an enforcement case, quoting people briefed on the matter. The CFTC would join the FBI and the U.S. ...
Welcome to hotels.com