June, 2016

• 13 June

  ‘Depressed’ Pistorius in court for murder sentencing

  

    Pretoria / AFP Oscar Pistorius is suffering from depression, a South African court heard on Monday, as the Paralympic athlete faced a return to jail for murdering his girlfriend Reeva Steenkamp three years ago. The double-amputee killed Steenkamp, a model and law graduate, in the early hours of Valentine’s Day in 2013, saying he mistook her for an intruder ...

  Read More »
• 13 June

  Israel reopens Palestinian crossings after attack

    Jerusalem / AFP Israel has reopened Palestinian crossing points from the occupied West Bank and Gaza Strip following a three-day closure put in place after last week’s deadly Tel Aviv shooting, the army said on Monday. Crossings were reopened overnight as planned, an army spokeswoman said, though “security checks are ongoing” in Yatta, the West Bank village where the ...

  Read More »
• 13 June

  Chinese harassed us during flag stunt , say Philippine protesters

  

    Manila / AFP Filipino protesters said on Monday that Chinese coastguard ships blocked and sprayed them with water as they sailed to a disputed South China Sea shoal to plant a Philippine flag for independence day. China claims most of the strategic and resources-rich sea and has controlled Scarborough Shoal, just 230 kilometres (145 miles) off the main Philippine ...

  Read More »
• 13 June

  Brexit risk jolts markets as stocks slide with pound; yen climbs

  

    BLOOMBERG Growing anxiety over the prospect of the U.K. exiting the European Union dominated financial markets, sending global stocks down for a third day and the British pound to an eight-week low while boosting demand for havens such as the yen and gold. In Europe, equities headed for the lowest close since February and the pound weakened against most ...

  Read More »
• 13 June

  Rising oil prices cheer shale producers, dissuade investors

  

    Bloomberg The oil market just hit a yellow light. Crude’s advance of more than 90 percent from a 12-year low earlier this year has U.S. shale producers starting to return to their drilling rigs, threatening to slow further gains. “The $50-to-$60 a barrel area is the sweet spot,” said Mark Watkins, the Park City, Utah-based regional investment manager for ...

  Read More »
• 13 June

  Silicon Valley’s audacious plan to create a new stock exchange

    Bloomberg Five years ago, when Eric Ries was working on the book that would become his best-selling entrepreneurship manifesto “The Lean Startup,” he floated a provocative idea in the epilogue: Someone should build a new, “long-term” stock exchange. Its reforms, he wrote, would amend the frantic quarterly cycle to encourage investors and companies to make better decisions for the ...

  Read More »
• 13 June

  Apple must vow India plants before stores get nod

  

    New Delhi / Bloomberg India is seeking a commitment from Apple Inc. to bring manufacturing facilities to the country before the government will approve the iPhone maker’s request to open its own retail stores, according to a senior government official with direct knowledge of the matter. The government may loosen existing policies that require local sourcing for companies that ...

  Read More »
• 13 June

  Malaysia’s first sharia-compliant airline grounded

  

    Kuala Lumpur / AFP Rayani Air, Malaysia’s first Islamic-compliant airline, has been shut down, regulators said on Monday, months after it was suspended from flying for breaching aviation regulations. The carrier launched only in December with Muslim flight crew wearing the hijab while non-Muslim members were forbidden from wearing revealing clothing. In-flight meals were completely halal and alcohol consumption banned. ...

  Read More »
• 13 June

  Lotte scraps huge IPO amid probe

  

    Seoul / AFP South Korea’s Lotte Group said on Monday it was scrapping an initial public offering worth almost four billion dollars amid a widening investigation into alleged embezzlement by its founding family. Hotel Lotte — the group’s key unit — had planned to list shares worth at least 4.6 trillion won ($3.9 billion) on Seoul’s main stock market ...

  Read More »
• 13 June

  GoAir to begin int’l services next year

  

    Mumbai / Tribune News Service The Wadia group-owned budget airline GoAir is likely to start international services by early next year, civil aviation secretary R.N. Choubey said. Meanwhile, GoAir’s 20th aircraft, Airbus A320neo, landed at the Delhi airport on Monday. A domestic airline needs a 20-aircraft fleet to fly abroad, and GoAir inducted its 20th Airbus A320neo plane this ...

  Read More »