World is shaken by North Korea with hydrogen bomb

SEOUL – Agence France-PresseNorth Korea said it detonated a hydrogen bomb designed for a long-range missile on Sept. 2 and called its sixth and most powerful nuclear test a “perfect success,” sparking world condemnation and promises of tougher U.S. sanctions. Pyongyang residents threw their arms aloft in triumph as a jubilant television newsreader hailed the “unprecedentedly large” blast. It “marked …

‘Red lines’ vs ‘lines’ in policy

After attending the “Victory Day” reception in the presidency on Aug. 30, I drew the following conclusions: – Turkey is ready to conduct all types of maneuvers to prevent unwanted situations and fait accomplis to its south. Whatever is necessary will be done. The decision was taken. I saw the feeling of relief that this decision was taken at the …

India's ONGC seeks 250b rupees to be raised by shareholders ' nod

[MUMBAI] India’s state-owned Oil and Natural Gas Corp said on Monday it wanted to increase 250 billion rupees (S$5.29 billion) through debt to fund acquisitions and capital expenditure this financial year. ONGC’s first debt issue in over a decade would likely purchase the government’s 51.1-per cent stake in refining and marketing firm Hindustan Petroleum Corp Ltd, company officials and analysts …

Australian banks face EU Set up to allow scrutiny

[LONDON] Nineteen banks in the European Union will need to set up new holding companies that regulators can scrutinise them more closely, an EU discussion paper says, mirroring steps taken by the United States. The European Commission suggested last November that banks headquartered outside the bloc consolidate their EU activities under an “intermediate parent undertaking” or IPU in reaction to …

Wall Street almost unanimous on US rate increase next week: survey

[NEW YORK] Wall Street’s top banks were almost unanimous on the perspective the Federal Reserve increases interest rates at its policy meeting following a more powerful-than-prediction February US payrolls report, a Reuters survey showed on Friday. 235,000 workers last month was hired by companies the 190,000 prognosis among economists polled by Reuters . A fall in unemployment, more individuals seeking …

Former DBS dealer s spoofing case

Singapore A FORMER dealer at the brokerage unit on Friday of DBS Group Holdings Ltd was convicted by a Singapore court for spoofing the securities market in the first such criminal case in the city. Dennis Tey Thean Yang, 33, pleaded guilty to eight of the 23 charges he faced, including

‘Macbeth’ with City Theatres on stage

ISTANBUL The Istanbul City Theaters staged a premier of William Shakespeare’s “Macbeth” on March 8 with an extra twist: puppets. The play will be on stage at the Harbiye Muhsin Ertuğrul Stage on March 11, 15, 16, 17 and 18 before going to the Ümraniye Stage on March 30 and April 1. The manager of the play, Ulviye Karaca, said …

Debris and ash in Mosul museum retaken

MOSUL, Iraq – AP The antiquities museum in the Iraqi city of Mosul is in ruins. A huge fire in the building’s cellar as well as lots of debris fill exhibition halls has reduced hundreds of manuscripts and rare books to ankle deep drifts of ashes. Associated Press reporters were allowed rare access to the museum on March 8 after …

Citigroup names new Asean head for corporate, investment banking

Singapore CITIGROUP declared on Friday a recently selected head for corporate and investment banking (CIB) for the Association of Southeast Asian Nations (Asean). 41, David Biller, will assume the new job along with his present job as head of diversified industrials for the