WORLD

Israel's Barak breaks away from Labour party

Israeli Defence Minister Ehud Barak broke away from his centre-left Labour Party on Monday in a move Prime Minister Benjamin Netanyahu said made his government stronger and more stable.

PM names unity government to quell Tunisia unrest

Tunisia's prime minister appointed opposition figures to a new unity government on Monday, trying to establish political stability after violent street protests brought down the president last Friday.
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I.Coast port chief dismisses EU sanctions

The chief of Ivory Coast's main cocoa-exporting port Abidjan played down its inclusion on an EU sanctions list on Monday, saying the only victims would be European firms contracted to carry out work at the port.
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MLK holiday was not without controversy

The United States today celebrates the life and legacy of Martin Luther King, Jr., America’s pre-eminent civil rights leader, who was gunned down by an assassin on April 4, 1968 in Memphis, Tennessee. He was 39 years old.

Update: Tunisia forms national unity government

Just hours after more street violence in Tunis and days after the former President was ousted, a new national unity government has been formed in Tunisia, according to a report in BBC News.
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Q+A-What's China's mini-QFII scheme all about?

China's securities regulator will begin a trial programme that allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said on Monday.

Giuliani hints at presidential run in 2012

During an appearance on CBS TV’s Face the Nation program on Sunday, Rudy Giuliani did not the rule out the possibility of again running for the White House in 2012, despite an aborted Presidential bid in 2008.
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Ex-dictator Baby Doc' s Day-Out in Haiti

For the first time since overthrown by a popular uprising in 1986, expatriated former dictator of Haiti, Jean-Claude Duvalier, on Sunday unexpectedly returned to his Caribbean homeland. Duvalier's stunning arrival was as mysterious as it was unexpected.

Remembering Martin Luther King Jr

As the United States observes the 25th Martin Luther King Jr. Day on Monday, world has immemorial incidences of non-violence movements to look back to, which curbed exploitation and discrimination on the basis of race, caste, color, creed and more, prevalent in the then civil societies.

Focus on US as China's Hu rejects demand for yuan's rise

Chinese President Hu Jintao, who will arrive in the U.S. on Tuesday for a state visit, rejected Washington’s demand for an appreciation of the Chinese currency, and debunked what he called was a “zero-sum Cold War mentality” while calling for broader cooperation with the U.S. on a range of issues. The focus during the three-day state visit, and beyond that, for that matter, will be on if Washington is prepared to act more sternly to make the Chinese let their currency appreciate.

Jared Loughner - the face behind the Tucson massacre

On Friday, Pima County Sheriff's Department released a complete chronology of the series of events that took place before the Tucson massacre that left 6 dead and 13 injured including Rep. Gabrielle Giffords.

China's Hu upbeat, resists U.S. pressure on yuan

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.

Cuba terms Obama measures positive but limited

Cuba said on Sunday that U.S. President Barack Obama's move to relax more U.S. travel restrictions to the island was a positive step but did little to soften the decades-old trade embargo.

Tunisia PM to announce new government

Tunisia's prime minister promised to announce a new coalition government on Monday, hoping to maintain the momentum of political progress to ward off fresh protests and also undercut gunmen loyal to the ousted president.

FITCH: Stable outlook for Indian oil and gas sector in 2011

Fitch Ratings said, in a just published report, that the outlook for India's oil and gas industry is stable for 2011. This is based on the agency's expectation that ties between the government and its majority-owned oil companies will not weaken
RBI Governor Subbarao attends a meeting with bankers in Mumbai

RBI head says facing surging inflation

The Reserve Bank of India (RBI) chief said on Monday the country is facing surging inflation and it needs to calibrate monetary policy in order to manage inflation and also support growth.

Auto parts firms on course to robust Q3 profits

Top Indian auto parts makers are likely to report a healthy increase in Oct-Dec net profits riding surging sales to the booming domestic market and cuts that offset a rise in input costs, analysts said.

Chinese president upbeat on eve of U.S. summit

Chinese President Hu Jintao will meet U.S. President Barack Obama in Washington this week for a summit. The two leaders are expected to discuss a wide range of issues including global trade and currency valuations.

Gold rebounds from sharp fall after China move

Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.

China's Hu upbeat, but resists US yuan concerns

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.

China has little choice but to buy US$ -CIC exec

China should not worry about being too heavily invested in the dollar and U.S. government debt, because its dependence is not unique in a world with few alternatives, a senior official at China's sovereign fund said.

Book accuses US, Swiss of nuclear cover-up

The CIA persuaded Switzerland to destroy millions of pages of evidence showing how a Pakistani scientist helped Iran, Libya and North Korea acquire sensitive nuclear technology, according to a new book.

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