Yen weakens Versus Euro on prospects of Central Bank interest rates

April 25, 2011, 6: 43 pm EDT by Keith Jenkins and Masaki Kondo

April 25 (Bloomberg) - the yen fell versus its major counterparts on the speculation, the Bank of the Japan signal this week it will maintain a monetary stimulus while the policy is tightened elsewhere.

The euro climbed against the yen for a second before day of data this week that can display arrested in the currency bloc accelerated industrial growth in developing the case for the European Central Bank to increase interest rates. Malaysian Ringgit strengthened below 3 per dollar for the first time in over 13 years on the speculation, the Central Asian Bank will its interest rate month next to help damp inflation. The motto of the United States weakened against most of its major peers. "" The Japan and the United States are the countries that can move towards a monetary tightening, the yen and the dollar will be weak, "said Daisaku Ueno, President of Gaitame.com Research Institute Ltd., in Tokyo, a unit of the largest enterprise of margin money of Japan. "The yen will continue to depreciate until the global economy is recovering gradually."Currency of damped Japan 0.3 per cent to 119.64 for one euro as of 6 pm 27 in New York from 119.24 weakened last week to the 81.98 per dollar of 81.88. The euro traded at $1.4595 to $1.4561 after touching $1.4649 on 21 April, the highest level since December 2009.Financial in Australia, New Zealand, Hong Kong and London markets are closed for a holiday today.Industrial Bank OrdersThe of Japan will hold interest rates of reference to a range of between zero and 0.1% at its meeting of 28 April, according to 13 economists surveyed by Bloomberg. The Central Bank may cut its forecast for growth in fiscal year 2011 to 0.8 1.6% following an earthquake record on March 11, the Nikkei newspaper reported.The euro has gained 3.4% this year, the second best performer after the Crown of Sweden among the 10 most widely traded currencies followed by Bloomberg Correlation-Weighted currency Indexes.ECB President Jean-Claude Trichet, said last week that the stability of prices remains the first mission of the Central Bank and this credibility maintain inflation is critical. Member of the Executive Board of ECB Jose Manuel Gonzalez-Paramo speaks tomorrow followed by Member of the Board of the Bank Central Athanasios Orphanides on April 27. the ECB, which aims to keep inflation below 2% this month raised interest rates by a quarter to 1.25% percentage point. He left the door open for rates to increase even as a sovereign debt crisis tempers growth in peripheral as countries the Greece, the Portugal, and Ireland.Swedish Crowns "Currencies of nations are hiking rates are attractive," said Hideki AmikuraDeputy Director General of currency in Tokyo at Nomura Trust & Banking Co. a unit of the Japan largest brokerage. "There is a possibility for an appreciation of the euro."In addition to 2 1/2 years now after the Riksbank increased interest rates, last week, the Swedish Crown rose to its strongest against the dollar. The Crown is passed to 6.0701, a level not seen since August 2008, before the Exchange on the orders of 6.0796.Industrial, in the euro area rose 1.5% in February from the previous month when they increased a revised 1.2 %, according to economists surveyed by Bloomberg before that report on April 27.The dollar has reduced the previous losses against the euro. Stochastic Oscillator of 14 days of the European currency against the rose to 82.3 on 22 April, above the threshold of 80 to some traders think the price of the greenback increased too quickly and is poised to reverse the course.'Oversold' dollar "the dollar is probably oversold, given its recent economic crisis," said Lee Wai Tuck, a strategist of currency prediction Singapore Pte. "This is probably contributing to some back purchases of the greenback in the middle of the markets thinned vacation."Futures traders cut their bet that the euro will rise against the dollar, according to data from the Commodity Futures Trading Commission. The difference in the number of updates in hedge funds and other large speculators on a gain in the euro than on a drop - soi-saying net long - been 62,195 19 April, compared to 64,985 a week earlier.The ringgit led gains among Asian currencies. A Government report showed inflation this month in Southeast Asia in the third - most large economy accelerated the fastest pace in 23 months. "We could expect the ringgit to strengthen to counter inflation, because there is always a small probability of an increase in the rate in may,"said Saktiandi Supaat, head of research in foreign Singapore to Malayan Banking Bhd."It is also helped by the weakness of the dollar. "Consumer price of Malaysia increased by 3% in March from the previous year, the most since April 2009, the Department of statistics, said on April 20. Bank Negara kept its rate on the day the day at 2.75% since July, after raising three times earlier in affected stipulated ringgit 2.9910 against the dollar, the level harder since October 1997, before trade 3.0045 2.9920 last week.

-With the help of David Yong at Singapore. Editors: Rocky Swift, Matthew Brown.

To contact the reporters on this story: Keith Jenkins at London, kjenkins3@bloomberg.net. Masaki Kondo in Singapore to the mkondo3@bloomberg.net

To contact the editor responsible for this story: Daniel Cuddies to dtilles@bloomberg.net

View the original article here

Pirate air with nail clipper mastered by Alitalia crew

A passenger restless on a flight Alitalia in Paris to Rome Sunday evening attacked a flight attendant and demanded the plane diverted the Libya but other officers subdued the man, said the airline.

The flight landed safely in the Italian capital as planned, Alitalia said in a news release. All 131 passengers on flight AZ329 landed safely in Rome.

"A clearly agitated passenger attacked a flight officer, requesting that the flight be diverted to Tripoli," Alitalia said.

"Thanks to the rapid intervention of the servants, the aggressor has been immobilized and [kept] in his seat, and the flight continued to Rome," where it landed at 9: 55, as expected, the company said.

Alitalia did not identify the passenger. The Italian ANSA news agency reported that he was a man of average age of the Kazakhstan with step of criminal records. ANSA, said that the man had brandished a clipper nail against flight attendant.

Police took the man into custody for questioning at the airport of Rome Leonardo da Vinci, said Alitalia.

Alitalia, said female flight attendants has been verified by the staff of Office of first aid from the airport as a precaution, but it has been reported as free.

Human reason did not immediately know. Italian police have been in contact with French authorities over the incident, said ANSA.

Accessibility links

View the original article here

Harper mainstreets backyard of BC.

Stephen Harper takes his campaign to a dead end Victoria Sunday, where the conservative camp and the media descended on a suburban house.

Conservative leader spent the morning of Easter baskets and decorate eggs with a group of children and participated in an Easter egg hunt. Owner Rose Cowles runs a studio of small artist out of the back of the House where she teaches children's art classes.

Harper used the backdrop to talk about tax credit for children arts first announced on the 2008 campaign trail and has promised in the budget on March 22.

Stephen Harper and Laureen Harper wife help Ava de Souza find eggs during an Easter egg hunt in Royal Oak, b.c., Sunday. Adrian Wyld/Canadian Press

Harper is in the hope of gaining ground in British Columbia Colombia may 2, where several swing constituencies could hold the key for a conservative majority.

After the Easter holiday, Harper took the crowd outside where he took questions from the media.

Harper has yet responded to questions about Vancouver-southern conservatives, Wai Young candidate, who came under fire for accepting an endorsement of Ripudaman Singh Malik, businessman local Sikh linked to individuals convicted in the bombing of Air India.

It sticks to its candidate, and his explanation that it simply did not know that Malik was when she accepted the endorsement, Harper said. Young has since the endorsement of Malik was dismissed.

Harper was also questioned on the issue of whether he can be trusted with a majority government. Harper has said that his file and the sound management of the economy prove there are trustworthy. It did not address the question of whether Canadians can be trusted, because several campaign promises - including a commitment to not run a deficit - were broken.

Conservative leader participated in a rally Saturday with conservative candidate John Duncan of Campbell River, part of the North of the island of Vancouver riding.

Duncan recaptured its former headquarters in the apparition of Vancouver Island in a tight race in 2008, beating NDP incumbent Catherine Bell.

"We know about the NDP here." "And we know better," Duncan told supporters at the rally.

Harper also blown Democrats, criticizing the party leader Jack Layton on the register of firearms.

"Mr. Layton and his partner says no to new to the waiver of rights because they support the firearms registry," Harper said. "Do not register of weapons fire and should not be your taxes to pay for it."

The NDP took heat from all sides as the Liberals, the Conservatives and Bloc Québécois after a series of polls suggested increased support for it.

Mario Canseco, Vice President, Public Opinion Angus Reid, said he expected that the apparent rise in support of the NDP will be a major issue in the last week of the campaign.

"One of the main things that has happened in the last 48 hours, now we have advertisements tories attacking NDP," he said. "" "". It is something what we never thought would be possible a few weeks ago. ?

The Conservatives held 21 seats 36 of the Colombia-British title in the election, while the NDP held five Liberals and nine. A single seat was vacant.

Harper has been developed to make appearances in Victoria and Vancouver Sunday before heading to Ontario.

Accessibility links

View the original article here

Kid brother of Starbucks grew up quickly

By Leslie Patton

Stir by Hue: Best of Seattle coffee its color codes

As a brand and later as a strategy manager world leader at the Starbucks (SBUX), Michelle Gass defended these popular innovations such as the Green straw shaped dome covers strikes and the Frappucchino. In August 2009, Director General Howard Schultz returned Gass a challenge well away from the heart of Starbucks: Best Coffee in Seattle Remake, the tiny brand, the coffee giant had acquired eight years earlier.

Today best of Seattle, who has 325 namesake cafés (against more than 17,000 to its larger sister), is sold at over 50,000 locations in the United States and the Canada 12 times much as a year ago. While the mark remains several years away from sale Schultz billion target, Gass made progress repositioning as a middle-market offering to the people would not be caught dead in a Starbucks. As President of the best of Seattle, she put his coffee on airliners, in vending machines, ships of cruise and grocery stores. This month, the chain will open 10 cafés inside stores Wal - Mart (WMT) in the Canada. "She brought great energy and focus for a mark which exercised not to expectations," said Olden Lee, Member of the Council of Starbucks.

A chemical engineer with an MBA from the University of Washington, managed Gass brand toothpaste crest to Procter & Gamble (PG) prior to joining Starbucks in 1996. She says that his training has helped to pioneer of the new menu items while keeping a close eye on the bottom line. She quickly earned cred within the company for data-driven presentations. "When everyone talked about off the coast of headlines, Michelle had the numbers," said Gerry Lopez, a former leader of Starbucks, which is now CEO of cinema operator AMC Entertainment. She was also aren't afraid to deliver bad news meetings, Monday afternoon with Schultz said. In 2008, when testing of a new drink of sherbets to Starbucks "has not quite pan out", Lopez said, she had the numbers to prove it. After drilling costs higher shipping and how long it took baristas to clean the stuff, Gass says that she went to Schultz and recommended pulling the stopper of sorbets - what he did.

To the best of Seattle, Gass has attempted a direct approach to the sale. Gone are the scenes of long stereotypical coffee featured on bags: steaming cups of joe, cats in windows. Instead, Gass best cafes placed of Seattle in five levels - with numbered packaging designed to quickly explain the differences. No. 1 (bag of gold; a light roast "for those who like to look intently at the blue sky, and then drink") offers a much softer than no. 5 experience (purple bag, a dark roast requiring "courage and confidence to add to your own"). The idea, Gass, said, is to appeal to Americans who drink brew generic and can be encouraged through a premium brand less Starbucks class declaration. "People do not drink without name colas, but many people drink without coffee name", she said. "It is because of that person come in and said,"do not accept a bad Cup of coffee."" "

To achieve the objective of revenue of 1 billion Schultz, Gass wants to put the infusion in 100,000 stores. Main objectives: retailers and convenience, drug and grocery stores, and mass MOM-and-pop companies. Gass persuaded Lopez to BREW best of Seattle in the CMA 300 cinemas. In February, Delta Air Lines (DAL) has agreed to serve on all flights. It is also sold to the subway, Burger King and Royal Caribbean Cruises (RCL), and it is currently deployed in vending machines in the campus of colleges, hospitals and offices throughout the country.

Relentless push of Gass is risky, explains Jack Russo, an analyst with Edward Jones. "When you have shops belonging to the company, they are your stores, it is your baby," he said. "When you essentially give control to someone who pays you a monthly fee, you lose a little bit of control." Gass said that it must scale up to compete with Starbucks: "with our big sister on the floor who is owner of coffee, the only way that we have a chance to get a piece of which is to be disruptive."

The bottom line: Starbucks attempts to perk up best of Seattle - and meet a goal of $ 1 billion revenue - targeting drinkers who never visit cafés of Lighthouse.

Patton is a journalist for Bloomberg News.

View the original article here

REALITY check: Prescription book, the promise of a plan 2004 national drug

反序列化操作 "translate" 的响应消息的正文时出现错误。读取 XML 数据时，超出最大字符串内容长度配额 (8192) 。通过更改在创建 XML 读取器时所使用的 XmlDictionaryReaderQuotas 对象的 MaxStringContentLength 属性，可增加此配额。 第 1 行，位置为 9204。

Before we get to what the parties are saying, it helps to understand what this national strategy entails, at least as it was envisioned when the federal, provincial and territorial governments signed a 10-year health agreement in 2004 that was supposed to be a "fix for a generation."

The strategy is comprised of the following elements.

(1) Develop, assess and cost options for catastrophic drug coverage;

(2) Establish a common national drug formulary for participating jurisdictions based on safety and cost effectiveness;

(3) Accelerate access to breakthrough drugs for unmet health needs through improvements to the drug approval process;

(4) Strengthen evaluation of real-world drug safety and effectiveness;

(5) Pursue purchasing strategies to obtain best prices for Canadians for drugs and vaccines;

(6) Enhance action to influence the prescribing behaviour of health-care professionals so that drugs are used only when needed and the right drug is used for the right problem.

(7) Broaden the practice of e-prescribing through accelerated development and deployment of the electronic health record;

(8) Accelerate access to non-patented drugs and achieve international parity on prices of non-patented drugs;

(9) Enhance the analysis of cost drivers and cost effectiveness, including best practices in drug plan policies;

(10) Undertake research on expensive medications for rare diseases. (A measure added to the strategy in 2005)

The Health Council of Canada, an agency set up to monitor the promised has noted some progress: notably an initiative called "common drug review" is to establish ways of buying drugs more cheaply. as well as help for people with rare diseases.

Purpose as its 2009 report put it, the National Pharmaceuticals Strategy is "a prescription unfilled."

For health policy experts such as Steve Morgan, at the University of British Columbia, what has happened is simple: promises have been broken and your access to affordable drugs varies depending on where you live.

"If the same standards were to apply to medicare that are being applied to this, Canadians would be outraged," he says. "We would be going to the polls voting on this particular issue because it would be such a travesty."

So what went wrong?

The first thing to keep in mind is that the provinces are the ones mostly responsible for prescription drugs. They determine what drugs get covered and for whom.

The federal role is limited to drug approval and monitoring drugs for effectiveness and side effects once doctors begin prescribing them. (Ottawa is responsible for prescribing drugs for First Nation's communities.)

Of course, Ottawa also transfers billions of dollars to the provinces and territories for health care under the 10-year agreement, which should ensure it has some say in the process. Goal as Morgan and others point out, when it comes to pharmacare there are many players in the system.

The majority of requirements in this country are handled through private drug plans, so insurance companies determine which drugs they will cover. Most of these companies cover drugs for common branch, but not necessarily for drugs designed to treat rare diseases, which is why in 2005, this provision became part of the national strategy.

Doctors are participating key as well, and they have been sometimes criticized for driving up costs by prescribing too many pills, and favoring the more expensive name-brand products over the cheaper generic versions.

For their part, the pharmaceutical companies are often accused of flooding the market with brand or generic versions of what is already out there.

Given the number of players, it's no wonder that the Conservatives, Liberals and NDP talk primarily about the need to negotiate, a process that, thus far, has achieved little progress when it comes to extending the reach of the national program or even drug safety.

What are the parties saying?

The Liberals are promising to make prescription drugs a key component in the post-2014 health transfer talks with the provinces and territories, which the party vows to kick-start within a few months of coming to power.

"Prescription drugs are becoming a greater part of patient care," Michael Ignatieff, said in a news release. "we need to make sure all canadians, no matter where they live, have access to the prescription drugs they need."

But while access and affordability are important components of a national drug strategy, there are other elements as well. What would the Liberals do to improve the monitoring of drug safety? How would the party deal with the prescribing habits of physicians? None of these are directly addressed.

For its part, the NDP covers similar ground but also promised "improved assessment to ensure quality, safety and cost and health effectiveness of prescription drugs;" using bargaining power in pharmaceutical purchases; cutting administrative costs through public administration; "establishing science-based forms and clinical guidelines to advance evidence-based practice by physicians."

These are the kinds of ideas that many health policy experts are advancing. But the problem is that much of the administration would have to be carried out by provincial authorities and how would a federal government get them onside?

As for the negotiation, other than committing to "a universal public health-care system and the Canada Health Act, and the right of provinces to deliver health care within their jurisdictions," the party is silent when it comes to a drug strategy. The same is true for the Green Party and the Bloc Quebecois.

The way forward

When it comes to crafting a national pharmaceutical strategy, there has been lots of talk but little action, or political will, since the big heath agreement was signed in 2004.

Last year, the Canadian Institute for Health Information reported that prescription drug expenditures totaled $30-billion and represented the third most expensive element of the system behind hospitals and doctors.

Growing at a rate of 5.1 per cent a year, drug expenditures are slowing somewhat compared to previous years and other health-care expenditures. But they are still a big component and there are still huge regional gaps in coverage.

Experts like UBC's Steve Morgan suggests that if Canada is serious about getting a national pharmacare strategy together, we should look beyond our borders.

"Australia and New Zealand run interesting and quite efficient systems," he says. "There are examples that can be drawn from Europe where they have reasonably equitable and efficient systems for financing medicines."

You would think a federal election campaign would be just the place to raise some of these examples.

David McKie can be reached at david_mckie@cbc.ca

View the original article here

More than 450 Kandahar prison escape

Taliban insurgents dug a more than 320 metres of underground tunnel and in the prison main in the city of Kandahar and taken more than 450 prisoners, with most officials, Taliban fighters and insurgents, said Monday.

The mass jailbreak of day to the next in the second largest city of the Afghanistan serves as a reminder of the continuing weak Afghan Government in the South, despite the arrival of international troops, financing and consulting. In particular, the city of Kandahar, has been a priority of the international effort to establish a strong presence of the Afghan Government in former Taliban strongholds.

1 200-Detainee Sarposa Prison is part of this plan. The facility has undergone upgrades security and procedures tightened following a Taliban attack 2008 blatantly releasing 900 prisoners. Regularly, afghan Government officials and their supporters of NATO said that the prison has greatly improved security since the attack.

But Sunday night, about 475 prisoners streamed out of a tunnel dug between the prison and outside and disappeared into the city of Kandahar, Ghulam said Mayar prison supervisor. He said that the majority of the missing is militant Taliban.

Taliban spokesman Zabiullah Mujahid said insurgents on the dug out the tunnel in prison more five months, bypassing government control points and the main roads. The tunnel eventually reached prison cells Sunday night, and prisoners were inaugurated through her freedom by three prisoners who had been informed of the plan, said Mujahid.

He said more than 500 prisoners were released and that about 100 of them were Taliban commanders.

Four of those who escaped were provincial level Taliban commanders, said Qari Yousef Ahmadi, an another Taliban spokesman.

The highest profile Taliban detainees would be probably not held in Sarposa. Inmates in the custody of the U.S. he sees as a threat in a facility outside the Air Base of Bagram in the East of the Afghanistan. Other key Taliban prisoners are held by the Afghan Government in a wing of the main prison security in Kabul.

A man who spokesman Taliban said is one of the detainees who helped to organize the escape of the Interior, said that a group of inmates obtained copies of the keys to the cells in advance.

"There are four or five of us who knew that our friends were digging a tunnel from the outside", said Mohammad Abdullah, who said he was in the Sarposa prison for two years after having been captured in near the Zhari district with a stock of weapons. "Some of our friends helped us by providing copies of keys." "When the time came at night, we have managed open the doors of the friends who were in the other rooms".

He said they he was awakened inmates up to four or five at once to lift quietly. Abdullah spoke by telephone on a number provided by a spokesman for the Taliban. His account could not be verified immediately.

The Governor of Kandahar province confirmed at least 475 escaped and said that a search operation is going to resume their.

"Some prisoners have already been recaptured,", said the Governor Tooryalai Wesa. He provided no details.

(A) asked how the tunnel was dug without the person noting, Wesa said only that the incident was still under investigation.

In 2008, attack, dozens of activists on motorcycles and two suicide bombers attacked the prison. A suicide bomber triggered a tanker truck loaded with explosives at the door of prison while a second suicide bomber detonated an escape through a rear wall route. About 900 detained including 400 Taliban fighters escaped.

Accessibility links

View the original article here

Composed of Gaddafi's Tripoli hit in airstrike

A Libyan soldier looks at a building damaged in the compound of Bab Al-Aziziyah of leader Libyan Muammar al-Gaddafi in Tripoli Monday. Louafi Larbi/Reuters.

An airstrike on the residential compound sprawling Monday at the start of Muammar Gaddafi has seriously damaged two buildings, including a structure where the leader Libyan often held meetings, guards at the complex said.

Two large missiles or bombs exploded in Bab Al-Aziziyah Gaddafi's just after midnight, injuring compound slightly four persons in accordance with a security guard at the site, who spoke the condition of anonymity.

It was not clear who launched the airstrike, but Reuters reported a Libyan official saying that he was by NATO, which did not provide confirmation.

The same Libyan official told the agency that the attack was an attempt on the life of Gaddafi. But it did not provide details on its fairways and venues or condition.

The two bombs seriously damaged a several-storey building and a second structure was damaged by the explosions. The second building was apparently used for ceremonies more: sofas and chandeliers, and frames which had been thrown to the ground could be seen in the rubble.

In Washington, D.C., on Sunday, three members of the Commission of the armed forces of the Senate said that should do more to drive al-Gaddafi to power, including the targeting of his circle of friends with air strikes. Gaddafi "must wake up each day ask,"what will be my last?"" "Senator Lindsey Graham, a Republican on the Committee, said State from CNN of the Union."

Attack Monday came one day after Gaddafi forces unleashed a barrage of shells and rockets to Misrata in a weekend especially bloody which has left at least 32 dead and dozens injured. The battle of Misrata, which has claimed hundreds of lives over the past two months, became the focus of the rebellion army of the Libya against Gaddafi since fighting elsewhere is deadlocked.

Accessibility links

View the original article here

A new winner in the Charts of mutual funds

By Charles Stein

Thomas Soviero replaced Ken Heebner at the top of the ranking of mutual funds. Its secret: poor credit. 4.2 Billion Advisor Leveraged Company Stock Fund Soviero Fidelity on average 15 percent annual returns for 10 years through March 31, the best among the diverse 3,617 of American equity followed by Morningstar (MORN) funds. Heebner, whose CGM Focus Fund (CGMFX) has held the position from top to the quarters preceding 11, slipped to ninth place with a yield of 14 percent. "The debt does not have to be a four - letter word," said Soviero in an interview at the offices of Boston of Fidelity. "When it works in your favour, good things can happen."

Soviero buys undesirable stock in proportion to the companies that can produce enough income to repay debt or make smart acquisitions. It promotes industries whose economy improves. "It is easier to swim with the tide in the back," said Soviero, who occasionally buys investment-grade companies.

As rotten bonds, stocks Soviero has fare better when interest rates are low and companies have easy access to credit. As the businesses to repay the debt and refinancing at lower rates, they increase cash flow and attract investors. "These stocks trade worked for years," said Margaret Patel, which manages over $ 1 billion dollars in junk bonds and stocks of Wells Fargo (WFC). Patel, said the "virtuous circle" which has supported stocks of indebted companies will continue unless the interest rates climb either slide of the economy into recession.

Soviero raised its stake to Freeport-McMoRan Copper & gold (FCX) in 2007, according to regulatory deposits, after the minor has spent $ 26 billion to buy Phelps Dodge to become the largest producer of copper in the world traded. To pay for the transaction, the Phoenix-based company has increased its long term loans, according to data compiled by Bloomberg. As Freeport sold assets to repay the debt, credit ratings of the company increased twice by Standard & Poor and its shares acquired 84 per cent this year. "Freeport created high value and is now a better strategic player, Soviero said.

The idea of a lever-stock fund managers high-yield bond Department of Fidelity which saw the end of the 1990s that the shares of companies in which they have invested often exceeded just junk bonds. Bond returns are limited by changes in interest rates and credit spreads, said Soviero, while "stocks will increase as much as the market drives." One of his possessions at the top of the page, AES (AES), the Arlington (Virginia) - producer of electricity base, more than doubled in one year after the stock reached a minimum of 12 years on March 9, 2009. Bond of 8 percent of the Sea maturing in 2017, that is classified under the ground of the investment, returned 50 percent in the same section, according to data compiled by Bloomberg.

Soviero, 47, who obtained a Bachelor's degree in finance from Boston College, joined fidelity in 1989 as a research analyst. Later, he worked on several high-yield bond funds replace the original manager of the Fund David Glancy, loan Company, in 2003. Soviero helped guide loan Company to a thrust of 92 per cent this year. In 2008, she loses 54 per cent. Soviero said that it was slow to grasp the magnitude of the financial crisis: "It was my mistake." In the future, he said, he plans to build cash in the Fund if he sees signs of "cracks" in the credit market. Its Fund rose 60 percent in 2009, 24% in 2010 and 7.1% this year by April 15.

Conditions for indebted companies are always good because they have access to credit markets and the improvement of the economy, said Soviero. Eighty-nine companies with a high-yield debt had their credit rating raised to the first quarter, while 55 saw their ratings cut, Moody wrote in an April report. Three of the holdings of top 10 of the Soviero to January 31 - ON Semiconductor (ONNN), AES and Service Corp. International (SCI), the Houston company which operates funeral homes of the Phoenix - had their ratings of credit increased this year, Bloomberg data show. "This may be a hard sale case", explains Soviero. "People look at balance sheets and want to start these businesses in the trash." Trash man is the treasure of another man. ?

The bottom line: Using of low credit ratings as a guide to find undervalued stocks, Soviero has on average 15 percent annual returns for 10 years.

Stein is a reporter for Bloomberg News.

View the original article here

The tribal leaders of Libya are intended to negotiate the release of the Misrata

Libyan tribal leaders want rebels in the town of Misrata, to deposit weapons within 48 hours, a government official, said Sunday at the start, after a day of violent clashes between fighters of the opposition and the forces of Muammar al-Gaddafi.

If the negotiations fail, Vice-Minister for Foreign Affairs Khaled Kaim said tribal leaders can send supporters in the city of 300,000 to fight against the rebels. In the meantime, the military Libyan are to stop operations in Misrata, said Kaim.

However, the area of Misrata is not known to have very large tribes or dominant, and rebels in the city being questioned what support Gaddafi was among them. It was unclear whether also the rebels are ready to negotiate with Kaim saying tribal leaders are still trying to come into contact with them.

Rebel officials have confirmed that Gaddafi forces fired back, but expressed doubts that the scheme will be fully withdraw from the city.

Misrata, the only major rebel bastion in controlled western Libya of Gaddafi, has become more dramatic battlefield in the Libyan uprising, which began in February after similar revolts in Tunisia and in Egypt evicted leaders of long date. Fighting elsewhere in the country are deadlocked, with NATO air strikes that began last month.

Rebel officials have confirmed that the pro-Gaddafi forces fired toward the back of Misrata, but there are doubts that the scheme will be withdraw completely from the city. (CBC)

Hundreds of people have been killed in the two months of a seat of Government supported by tanks, mortars and draw on the roofs of snipers.

Last weekend, rebels hunted snipers of a tall building, a setback for loyalist Gaddafi downtown, which had controlled the centre of the city. The rebels have defended positions around maritime port of Misrata.

Kaim said that the army has interrupted operations in Misrata since Friday, in the attempt to tribal leaders to negotiate an agreement of output for the rebels.

However, residents reported heavy fighting, shelling and explosions in the East and South of Misrata and doctors, said Saturday was one of the bloodiest days of weeks.

At least 24 people were killed and 75 wounded, many of them critical, said a doctor at the hospital in Misrata, who has asked to be identified only by his first name, because he was afraid of reprisals by the Government. He said that responsible for hospital feared a strong attack Saturday had moved to some patients a day earlier to make room for more victims.

"Tribal leaders are determined to find a solution to this problem in the 48 hours."-Khaled Kaim, Vice-Minister of Foreign Affairs

Kaim said that tribal leaders were determined to put an end to the fighting, in part because it blocked access to the port of Misrata.

"The leaders of the tribes are determined to find a solution to this problem within 48 hours," he said.

If the negotiations fail, "the other option, which is still available for leaders and chiefs of tribes is a soldier"

intervention to free Misrata, "he says.

He said that the six main tribes of the region may gather 60 000 armed men.

In the stronghold of the rebels of Benghazi in eastern Libya, a ship to help carrying more than 500 evacuees, most of them foreign workers, arrived Sunday in Misrata.

Migrants have been stranded in makeshift camps, near port of Misrata some of them for four or five weeks, said Javier Cepero of the International Committee of the Red Cross, which sent the ship.

Between 2,000 and 3,000 people are still in the port area, awaiting evacuation, said Cepero. The Libyan Red Crescent to provide workers stranded with food and medical care, but help sending is difficult because of the fighting, he said.

Until now, the Red Cross evacuated approximately 1,900 people in three boat tours and two trips are planned, he said. Other aid agencies have also evacuated people from Misrata by boat.

Accessibility links

View the original article here

Seeding delayed for flooded Prairie farmers

The Government of Saskatchewan does not say a single farmer has developed a crop in the ground and things are not looking much better farm elsewhere across the prairies waterlogged.

Spokesman for Saskatchewan Agriculture Grant McLean said spring seedlings are delayed in the province due to flooding, with the region of the southwest of the province particularly soggy. But McLean said it is still early and there is much opportunity for a strong culture of 2011.

"We still consider may as our domination seeding months in many cases, we are always optimistic," he said. "We will have the opportunity to take advantage of the moisture and get some quite good crops, once that we get mother nature cooperant and enter us in the field".

Farmers in southwestern Saskatchewan are usually first in the field. But this year they may be the last seed, or even not at all.

"Sooner or later, it has to do better."-Farmer Alfred Sattler

McLean said with favourable weather, some farmers in less flood-prone regions may be able to start working their fields in ten days.

Alfred Sattler, who has been farming near Regina since the 1940s, said he has never seen a wet spring as this spring.

Tending his cattle for the moment, he is still optimistic things can turn around crop-wise.

"You just hope and pray that the climate is changing." That it is improving. Sooner or later, it was better, "he says.

But if conditions not improve quickly and then Sattler, 70, said he cannot put any seed in the soil for the first time in his life.

"He bored a little." But, what can you do? What can you do about it? Pray and hope that things change in the coming days.

In Manitoba, Gene Nerbas, who farms a few kilometres south of the Shellmouth dam, just north of Russell, Manitoba, said streams turned to rivers and floods by land has devasated of hundreds of thousands of hectares.

"It with water from Saskatchewan," said Nerbas, adding he would probably planted a crop in for the second consecutive year.

Several parts of southern Manitoba and Saskatchewan are flooded. CBCElsewhere Manitoba - in the Southwest, the Valley of the Red River and regions Interlake - fields are completely flooded and will need weeks of good weather to dry things. And even when the fields are fairly dry work, many farmers will have to spend time to their fields clearing debris prior to seeding.

Sunday, meanwhile, residents of the First Nation of Roseau River South of Winnipeg continued to leave this community. Responsible for emergency measures were trying to determine where evacuees could go, with temporary Winnipeg already shelters fill with people of another community inundated North of the capital, First Nation of Peguis.

It is expected that all residents of 850 Roseau River will join to almost 1,000 others who left their homes because the safe road access in and out of their home was flooded. Manitoba two of its Amphibex ice machines moved to the West end of the province to remove ice jams on the Saskatchewan River and Carrot River, which created conditions of high water near The Pas.

There are currently 30 States of emergency declared by the municipalities in Manitoba and 77 provincial roads have been affected by flood waters, 52 that are closed. Approximately 650 municipal roads are closed.

Accessibility links

View the original article here

Video: Chernobyl: 25 years later

text is null
Parameter name: text

View the original article here

Khadr to the Gitmo broiler he retained U.S.: files

The US Army extended detention of Omar Khadr from Guantanamo Bay prison in part because young Canadians have continued "provide valuable information"in the course of questioning, reveals a secret document of 2004.""

Khadr spitting details on training camps alleged al-Qaeda, "key" al-Qaeda and Taliban militants and "non-governmental organizations that he had worked with in support of al-Qaeda", explains the file.

"Inmate has been generally cooperative and forthcoming," reads the note, addressed to the head of Southern Command of the U.S. Army, which includes the naval base and prison at Guantanamo Bay, Cuba.

The document was obtained by the whistleblower WikiLeaks website and released Sunday evening. It lists the Department of us defense "reasons for continued detention" Khadr, who was caught in Afghanistan in 2002 to 15 years, following an exchange of fire with us special forces.

Khadr pleaded guilty in October last to launch a grenade that killed a nurse U.S. during the melee and four other charges, including providing material support to terrorists.

One of the reasons why the memo of the cites for keeping him in the prison at Guantanamo Bay is that it "never expressed any genuine remorse for the murder of this soldier." United States said throughout that he had confessed the murder at the beginning of his detention, but Khadr defence counsel maintains that any confession was extracted, as admissions of some other prisoners under torture.

The vast majority of the captives over 700 who have spent time at Guantanamo Bay since 2001 have been released without charge, sometimes to the custody of their country of origin.

Khadr is one of the detainees at Guantanamo remaining 172 and last West citizen it. He will be eligible for the fall for the transfer of a Canadian penitentiary to serve the remaining seven years of his sentence.

Its advocates have decried his continued detention, noting that international law requires child soldiers to be treated not as a hardened militants, but as victims in need of rehabilitation.

WikiLeaks began the release of 779 secret files in the Guantanamo Bay camp Sunday night. Until now, most of the documents are prisoner assessments, but a discloses that spy on the Canada service has been duped by a double agent for al-Qaeda.

The leak follows release year last by the Web site of hundreds of thousands of classified documents of the American invasion of the Iraq, the war in Afghanistan and American diplomatic cables.

The files disclosed Sunday also revealed that another detainee at Guantanamo Bay was a journalist for Al-Jazeera, which has been maintained for six years, in part to be questioned about the new Mideast network.

Accessibility links

View the original article here

Syrian Forces storm Dara, deploy tanks against the demonstrators

April 25, 2011, 5 pm EDT by Donna Abu-Nasr

Updates with militant comments from first paragraph.) See EXTRA for more the Middle East unrest).

April 25 (Bloomberg) - security forces Syrians stormed the city of Dara, in the South, the site of the events more sustained against President Bashar al-Assad, killing at least five people, witnesses said today.Tanks Dara came on the eve of four fronts, Abdullah, one of the witnesses, said in an interview by satellite phone, punctuated by the sound shots. Abdallah, who would provide only his surname because of concerns for his safety, said that he saw 20 bodies scattered through the streets of the city. Three he helped pull a street belonged to the family al-Shafran, according to their identity cards he said.Mohsen, another witness, said in an interview with Dara tanks opened fire against people who met in groups and at least five killed.The Syria has intensified violent repression against demonstrators, in the past week, leaving more than 100 dead. Decision Assad to end a State of emergency in place for half a century and promises of future political and economic measures, has failed to halt the spread of protests against his regime echoing those that toppled Egypt and Tunisiathe leaders of this year.The Syria is an ally of the Iran and a power broker in neighbouring countries to the Lebanon, where it supports Hezbollah, a group armed with Shia Muslims. Assad and other officials say conspirators-backed foreign are seeking to exploit the expression of legitimate popular demands as a pretext for violence. "State in Danger'The assault of Dara was a bid by the Government to eradicate"armed insurrection"by groups using advanced weapons against the security forces, said Imad Fawzi Shueibi, who heads the Center for strategic studies and the data, in a telephone interview from Damascus today. "The question at the moment is to suppress the insurrection,"after the use of violence by demonstrators"models replaced for civilian applications,"he says. "The State is in a dangerous situation."Mahmoud Merhi, who heads the Arab Organization for human rights, said in an interview today that nine people were killed in the coast of Jableh City yesterday after security forces opened fire to prevent movement in the streets. That brings the number of people killed during the four days of 135, while nearly 300 people were arrested, said.United States finds SanctionsViolence in Syria led to the United States to consider measures, including sanctions against the officials of the Assad regime that led to repression, an administration official said, speaking on condition of anonymity. President Barack Obama April 23, condemned "the scandalous use of violence" by the Syrian security forces.Abdullah, the witness of Dara, said telephone lines and power in the region have been cut and Government forces opened fire as a tactical scare to prevent residents of the demonstration. As he spoke, the sound of gunfire followed by a landing nearby shell could be heard. Abdullah said that he had to hang up because he wanted to take refuge.The cities of Nawa and Duma have been also surrounded by security forces, with lines telephone cut residents and only permitted access, said Merhi.Faisal al-Haymad, Vice-President of the Chamber of commerce of Dara, said al-Jazeera yesterday that he is resigned to protest against the repression of the regime and said that nowHe joined the opposition.Sheikh Ahmad al-Sayasneh, the imam of the mosque in Dara Omari and a member of a delegation which held talks with Assad, after the first wave of violence last month said yesterday that it has joined the protesters. The imam said in an interview with al-Jazeera, he hides as security forces were looking for him because he had denounced the as "killers." "We have reached a point of no return with them after they killed our sons, and there is no place for discussions," said.

-Editors: Andrew j. Barden, Patrick Harrington, Ben Holland.

To contact the reporter on this story:

To contact the editor responsible for this story: Andrew j. Barden at barden@bloomberg.net

View the original article here

Ignatieff, Layton pass at Toronto

反序列化操作 "translate" 的响应消息的正文时出现错误。读取 XML 数据时，超出最大字符串内容长度配额 (8192) 。通过更改在创建 XML 读取器时所使用的 XmlDictionaryReaderQuotas 对象的 MaxStringContentLength 属性，可增加此配额。 第 1 行，位置为 8927。
Michael Ignatieff and Jack Layton spoke just minutes apart at a cultural parade in Toronto on Sunday, the same day the Liberals took to the airwaves with paid programming amid recent polls suggesting a jump in NDP support.Ignatieff and Layton both made appearances at the Khalsa Day parade, a Sikh celebration in Toronto. The two leaders shook hands, and each made a brief speech. "Conservative candidate Jason kenney also addressed the crowd.""" It is a day to acknowledge the incredible role of your community in the building and making and strengthening of Canada, "Ignatieff told the crowd in his remarks."You've known so much success, but you have also known hardship. "there is a bad memory that we all must confront honestly, which is the memory of komagata maru.""This is a shame upon the history of Canada and it requires an apology in the Parliament of Canada so that we can acknowledge painful failures in the past and move forward together as one great people.""Layton also referenced the 1914 Komagata Maru incident - in which a ship carrying mostly Sikh passengers, who were British subjects, was turned away from Canada and forced to return to India - saying the NDP has pressed for a formal appology."I will not stop until the job is done. "I will not stop until justice has spoken," he said. "We will continue to work for your families to be reunited for the visa to be granted so that you can be together on special occassions with your families..." "I will not stop until the contributions of Sikh Canadians are fully honoured by this country.""During a media availability in Toronto Sunday afternoon, Ignatieff took questions from reporters and condemned recent reports of election-related mayors."We've got our problems with Mr. Harper, but we don' t think he's slashing our tires. "" I want to make that clear,"Ignatieff said with a chuckle."There are people out there who take to threatening extreme partisanship. "The part of this that's serious is that every Canadian should be free to vote and free to express their political preferences and it's a bad day when in Toronto people who are working for another party or put a lawn sign up get their cars vandalized.""Conservative Leader Stephen Harper also condemned the mayors while speaking in B.C."I'll just tell you, we suffer acts of mayors as well. None of them are acceptable. ""they should not happen in a campaign,"he said."A democratic campaign is ultimately based on tolerance of other partisan viewpoints. I've always said that we all have enough to do just trying to get our own views to the vote, cause we don't have enough time to run interference with other campaigns.... "We absolutely reckless any such incidents by anybody, inside or outside political parties."Harper encouraged all parties to report any incidents of mayors.The Liberals bought a half-hour of TV time on Sunday afternoon to feature what they called "Michael Ignatieff's Town Hall for Canada."The broadcast area between noon and 3 p.m. and on Global and City TV stations, featuring footage from campaign events and clips of Ignatieff talking about his life and Liberal priorities.In the video, Ignatieff is seen taking questions from audience members at recent rallies and explaining party pledges on everything from health care to the economy.Ignatieff also appeared Sunday night is everyone talking about it, a popular French-language TV talk show on Radio - Canada .ignatieff defended the decision to bring former prime ministers Jean Chrétien and Paul Martin on the campaign trail, at the risk of voters associating them with the sponsorship scandal that contributed to his party's fall from power five years ago.Ignatieff told Sunday's edition of the Quebec TV talk show Tout le monde en parle that his one-on-one interactions with voters have him confident he can connect with them, despite his party's standstill in polls. (Radio-Canada) "Mr. Chrétien put our public finances in order." He did lots of great things. "He maintained the country's national unity," Ignatieff said. "Mr. Martin did the same thing." He financed our public health care system. "I'm proud of what they accomplished and that they're campaigning with me."Martin has been campaigning in the formerly Liberal-held riding of Edmonton Centre and in Vancouver South, where the Grits eked out a narrow victory in the 2008 election. Christian is slated to speak at a Toronto-area rally this week. "Jean Chrétien was the prime minister at the heart of the sponsorship scandal." "Does that not risk hurting you more than it helps?" "lepage wondered.""Oh no, I don't think so," Ignatieff replied in French. "we re in 2011." "We've paid for all the consequences of past behaviour."Lepage also asked him whether the NDP's apparent gains in recent polls meant Ignatieff had focused so much on attacking the right-wing Conservatives that he was now being "passed on the left."The Liberal leader dodged the point somewhat, accept that Canadians are "looking at Mr. Layton up close, they're looking up me up close... and I think they're going to make a good choice.""during the show, quebec actress Dominique Michel, star of the Oscar-winning film Les Invasions barbares (the barbarian Invasions) and a recent cancer survivor, said she supports ignatieff.""I really like Mr. ignatieff," she said. "There's people saying, ' Oh, we're tired of Harper.'" "Well, if you're tired of Harper, it's time for change!""The Liberal leader had fielded questions earlier Sunday about the NDP's polling strength and why his party is failing to win over voters."It's not that I'm in a bubble of illusion. I'm making phone calls on a daily basis, I'm talking to my candidates to see how things are going, and they're telling me that it's going quite well on the ground, in fact very well on the ground. "" So I'm not deluding myself, I have work to do,"Ignatieff said in French.He also addressed suggestions that his style of campaigning is failing to gain traction with the Canadian public."This isn't style. This is trying to do politics differently, and I've been doing it for 2? years. I go out there, I stand up on a rainy Thursday night in a Legion hall and I take questions from the public. "Mr. Harper hasn can't taken unscripted questions from the public in five years," he said.The Liberals, Conservatives and Bloc Québécois have all taken aim at Layton and the NDP in recent days, after several polls suggested an apparent increase in support for the New Democrats.Layton attended an Easter church service in Toronto and was set to spend part of the day with his family.The NDP leader's trip to Toronto comes a day after he held a rally attended by more than 1,000 people in Laurier-Saint-Marie, the riding currently held by Bloc Québécois Leader Gilles Duceppe.Duceppe, who is taking a day off the campaign trail, will be joined by former Quebec first Jacques Parizeau on Monday in an attempt to boost his poll numbers.Meanwhile, Conservative Leader Stephen Harper continued his campaign swing through British Columbia, making stops in Victoria and Vancouver.Harper was trying to muster up support in ridings that are considered tight races against the NDP. With files from The Canadian Press Back to accessibility links

View the original article here

The Japan opposition wins by-election in the latest blow to Kan

April 25, 2011, 4: 18 am EDT by Takashi Hirokawa

(Adds denial of the Kan to resign in eighth paragraph).

April 25 (Bloomberg) — the leader of the Democratic Party of the Japan lost a seat in Parliament in the local elections, the last blow to the Prime Minister Naoto Kan as the pressure mounted on its treatment of earthquake and tsunami of last month.Party of the Kan also lost five seats, and won three in 10 contests of head to head with the Liberal Democratic Party in municipal Town Hall yesterday racing, Kyodo News reported. Third party won the race and another result is not yet known, Kyodo said.The results mark the second setback in the elections of Kan following the earthquake and the nuclear crisis that followed last month. The Prime Minister, who this week will submit a 4 billion yen ($49 billion) reconstruction package to the diet, lack of a majority of two thirds of the lower Chamber to override veto power of the opposition-controlled upper House. "The LDP did not say if it will support the plan."Everyone is blaming Kan a lack of leadership, whether or not he deserves it, "said Steven r. Reed, Professor of political science at the Chuo University in Tokyo. "The LDP has shown no leadership either." It can Kan hang? "Three polls last week showed 7 out of 10 voters think that the Government has mismanaged the situation at the nuclear plant of Fukushima Dai - Ichi, which was paralysed by the earthquake on March 11 and the tsunami. Approval of the Kan rate remained below 30% in the polls by the Asahi, Yomiuri and Nikkei newspapers. "Severe" results "we must accept the results of the election, which were serious," Kan said today in Parliament. "" " However, I will ensure to give my all to the reconstruction of the disaster as well as to deal with the nuclear incident. "Several times, he denied any intention to resign all in being questioned by opposition politicians. Kan took office in June, becoming fifth Prime Minister the since 2006. None of his four immediate predecessors lasts more than a year. "For me to surrender my responsibilities in these circumstances, it would be an impossible choice,"Kan told."LDP candidate Hideki Niwa, 38, received 61% of the vote to win a place in the House of the diet of Aichi Prefecture yesterday, according to the website of the electoral region. The DPJ did not field a candidate in the race after one of its representatives have abandoned the siege in January in an unsuccessful attempt to run for Mayor of Nagoya, largest city of Aichi.Le Nikkei survey showed that less than one-fifth of the voters said that Kan should resign soon. The Mainichi and Nikkei said about 60% of voters favoured integrating the LDP Government, something the party resisted to the. Leader of the party April 14 Sadakazu Tanigaki said that Kan should consider resigning, signalling less cooperation on reconstruction efforts.The LDP, which until 2009 power held for more than 50 years, has refused to approve legislation to sell bonds that would fund about half of the record Yen 92.4 billion budget this year. The initial reconstruction plan will be funded without increasing the new issue of liaison for the year ending March 2012. Funding is a problem for the Japan, who has the burden of the debt doubling the size of the economy.The Democrats lost two races for Governor in April 10 local elections the LDP candidates, the first vote after the earthquake.

-With the help of John Brinsley in Tokyo. Editors: John Brinsley, Patrick Harrington

To contact the reporter on this story: Takashi Hirokawa in Tokyo at the thirokawa@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg to phirschberg@bloomberg.net

View the original article here

Nintendo to release new Wii after Net income plunged 66 %

April 25, 2011, 6: 22 am EDT by Pavel Alpeyev and Masatsugu Horie

(Adds comments from President in eighth paragraph).

April 25 (Bloomberg) - Nintendo Co., major manufacturer most video game consoles, sell a new version of its best-selling Wii model next year after profit fell to a minimum of seven years on competition with Sony Corp. and Microsoft income collapsed Corp.Net 66% to 77.6 billion yen ($946 million) for the year ended in March, the Kyoto-based company said today. Earnings, Nintendo forecasts a jump of 42 per cent enjoy this fiscal year and predictions for operating profits and sales, all the estimates of analysts late. "" The reaction of the market is likely to be negative, because the prospects of profit did not meet consensus, "said Yusuke Tsunoda, an analyst with Tokai Tokyo Securities Co." "it is expected that Wii software sales to plunge, while at the same time outlook of the company is probably also taking into account a price cut for the console." "President Satoru Iwata, competition for mounting Sony's PlayStation 3 and Xbox 360 from Microsoft, is the second generation Wii to revive the high success of its console for sale which was introduced in 2006. Who will be the second major product in a year of Nintendo, who in February began the sale of the 3DS model, capable of beaming images in three dimensions.New ApproachShares of Nintendo has increased from 0.9% to close the yen 20,330 on stock exchange in Osaka before the earnings announcement. The average Stock Nikkei 225 lost 0.1%. The stock has fallen by 15 percent this year from a decline of 16% for Sony and a decrease of 8.6% to Microsoft.Nintendo provides income net of 110 billion yen in the year ending in March, missing the average 143,8 billion yennine analysts estimates compiled by Bloomberg. The projection does not include sales of the new Wii, which will be presented at the E3 Expo in Los Angeles in June, said Nintendo.Les sales of the Wii will drop probably 14 per cent to 13 million units this fiscal yearuncertainty software sales can plunge 30 p. 100-120 million units, the company said. "We would like to propose a new approach to video game consoles"with the successor to the Wii, Iwata said that, without developing." "It is difficult to make the 3-d images an essential characteristic, because 3D televisions have not received wide acceptance yet." "Too Aggressive' today, The company said it expects to sell 16 million units of the 3DS this fiscal year, compared to 3.61 million a year earlier. Sales of software for the Pocket PC titles will probably climb to 62 million, $ 9.4 million in the year just completed. The range of game 3DS will also include a title "legend of zelda" which will become available in June, Iwata said. "The Outlook for 3DS hardware and software sales is very aggressive," Tsunoda said. "" " The company will need a very large range of original titles for these goals. "Operation of profit or sales less cost of goods sold and administrative expenditure, will rise 2.3% to 175 billion yen, in the period after the fall of 52 percent in the year just completed, the company said. Revenue will likely increase 8.4% to 1.1 billion yen, after a decline of 29 per cent, Nintendo said. Analysts expected 222.5 billion yen to operating income on 1.12 billion yen in sales.Nintendo, which has dominated the game equipment in Wii consoles and portable players since the Gameboy in 1989, seeks to defend its advance against the latest PSP of Sony.Le 3DS of $250, who went on sales to the United States, the Japan, in the past two months, Europe is also facing to the Apple Inc. iPhone and smartphones using Android from Google Inc., which attracted players with third-party applications.The second largest manufacturer of portable game players, in January of Nintendo Vs SonySony, said that it will offer the new model the PSP by season end of year celebrations. The device, NPM code name, will offer access to networks, third generation wireless and have front and rear touch pads, he said.Sony, whose player dominated by the previous generation of video game consoles, PlayStation has also introduced its controller for the detection of movement, called the Move, for the PlayStation 3 to appeal to casual users. The black controller, which resembles the baton of the Wii with a coloured ball in front, is on sale at the United States in September for $50 or $80 with a related product.In November, Microsoft Corp. introduced its Kinect motion - sensing controller with a free game for $150. The company based in Redmond, Washington last month said that sold 10 million Kinect sensors.Nintendo has sold nearly 440,000 units the player portable game 3DS in its first week of sales in the United States at the end of March. Combined with three former models, Nintendo has sold units of 860,000 DS in March, Nintendo of America President Reggie Fils-Aime said earlier this month, citing figures from the NPD Group Inc. industry tracker. A year ago, Nintendo sold 701,000 DS handhelds.The company missed its target of sales of players 3DS of 4 million for the year just ended due to the earthquake and tsunami North of the Japan last month, said Iwata.

-With the help of Masatsugu Horie in Osaka. Editors: Anand Krishnamoorthy, Cho Young-Sam.

To contact the reporter on this story: Pavel Alpeyev in Tokyo at the palpeyev@bloomberg.net

To contact the editor responsible for this story: Cho Young-Sam to ycho2@bloomberg.net

View the original article here

Duceppe deploys Parizeau to ensure support

Bloc Québécois leader Gilles Duceppe will campaign Monday with a face from the past, as a new democratic leader, Jack Layton returned to Quebec to hammer home his advantage.

Jacques Parizeau, former leader of the Parti Québécois is scheduled to join Duceppe in the suburbs of Montreal, St-Lambert on Monday morning, which should encourage Québec voters to support the block on 2 May. The appearance is an attempt to suppress the growing support of NDP in Quebec.

During this time, Layton, who began the day of the Saint John, will wrap with a rally in Gatineau, Quebec, when trying to take advantage of the apparent momentum of his party. A recent survey indicates NDP is climbing in Quebec over the block.

Conservative leader Stephen Harper will be the campaign day in Ontario, starting with a campaign event at a local college in Sault Ste. Marie and finishing with a rally in Windsor.

Liberal leader Michael Ignatieff is criss-crossing the country Monday as the last week of the campaign gets underway. He began the day with an availability of media in Thunder Bay, Ontario, then travels to the West Coast, where he will visit a business local in West Vancouver, followed by an evening City Hall in Vancouver.

Green party leader Elizabeth May is his campaign strategy to focus on his riding of Saanich-Gulf Islands Monday. May is taken on conservative incumbent Gary Lunn.

It will be vague for commuters to a centre commercial of Saanich in the morning, followed by a meeting with Media House Victoria Gordon Head and door-to-door canvassing in Sidney, British Columbia Colombia, Monday night.

In an interview Sunday night on everyone talking about, Radio-Canada popular talk-show watched by more than 1.5 million Quebecers, Ignatieff addressed suggestions that the NDP is overtaking bloc and the Liberals.

"I think that the end of the week of Easter, after the Turkey and leg of lamb, I think that Canadians are reflecting," he said in French.

On the show everyone speaks, Liberal leader Michael Ignatieff defended his comments on the views of Quebec and the Quebec of the Canadian Constitution. (Radio-Canada)

"I think they are, if I may say so, tired of Mr. Harper." For example, they have respect for Mr. Duceppe, but they think, what can that get us? They seek to Mr. Layton closely, they look at me closely. They will make a choice.... "I remain very confident in the judgment of voters".

Ignatieff also known as the scandals of the conservatives who have surfaced in the campaign - including the controversy surrounding the former advisor of Harper Bruce Carson and suggestions of political interference by official of high communications Dimitri please - saying there is no "goodies".the Conservatives have served late.

There are four people in the immediate entourage of Mr. Harper, who are accused of criminal fraud. There was Mr. Carson, which is a fraudster and the time spent in prison and now it is Mr. Soudas, I know not all the details, but it does not feel good, and it continues. He y atmosphere in the Harper Government that I find unacceptable to Canadians. ?

Host Guy a. Lepage questioned Liberal leader on its claim to the debate of the leaders of the French language, echoed by Conservative leader Stephen Harper, that Quebecers do not see the Canadian Constitution as a major anymore.

Ignatieff said he believes that it is a national "wounds" that Quebec never signed the Constitution Act, 1982, which created the Charter of rights.

"I have always believed that.". But what I noticed as a political reality when I'm in regions... is that people are not talking about the Constitution. This is what I wanted to say. They talk about employment, they talk about the future of their children.

Appearance of Jack Layton on the show earlier in the campaign is credited contributing to increase his popularity in Quebec. Duceppe's Bloc went also on the show, while Harper has no plan for.

Accessibility links

View the original article here

NHL playoffs: victory of Blackhawks in OT, force game 7

Sorry, I couldn't read the periods contained in this page.Sorry, I couldn't read the periods contained in this page.

View the original article here

Syrian forces kill 5 protesters: reports

The coffin of a demonstrator is carried in a funeral procession, in the suburbs of the State Duma, of Damascus, in this still image taken of sequences social networking sites downloaded Sunday amateur video. Social media/Reuters

Syrian security forces opened fire on demonstrators of the opposition, on Monday, killing five people, according to witnesses.

In Dara, in the South of the country, a witness who spoke to the Associated Press if anonymity said army tanks and soldiers moved into the city and could be heard. An eyewitness said he saw five bodies in a car that security forces had attacked.

DARA has been at the centre of protests against the regime of President Bashar al-Assad.

A Jordanian official who spoke the condition of anonymity said that Syria had closed it border post with the near Dara Jordan, perhaps to avoid the protesters to leave the country. A Syrian customs official, however, insisted that the border was open.

During this time, in the suburbs of Damascus in the Duma, witnesses said security forces closed the area before opening fire.

The speaks of witnesses to condition their names not be used because of fear of reprisal

Rights groups say that more than 300 people died, including the 112 April 22 only, since the start of anti-Government protests in mid-March.

On Sunday, based in New York from Human Rights Watch has called for an investigation of the United Nations for the Suppression of the Syrian Government against demonstrators.

The group called on the United States and the European Union imposed sanctions Syrian new officials.

Ministry of Foreign Affairs of the Canada advised Canadians against travel in Syria and said to Canadians living in the country to leave by commercial facilities while they are still available. The Ministry said those requiring emergency assistance should contact the Embassy of the Canada in Damascus.

The Associated Back press folders of accessibility links

View the original article here

Silver, Gold Rise Records as Asian Stocks fall; Yen weakens

April 25, 2011, 5: 18 am EDT by Shiyin Chen and Yumi Teso

April 25 (Bloomberg) - silver and gold soared to records, oil rose for a fourth day and Asian stocks fell in the acceleration of inflation could undermine the economic recovery in the region of concern. The yen weakened against all 16 of his counterparts.

Silver cash advanced 4% starting from 9 h 58 in London after earlier breaking of 5.4%. Gold rises for a ninth day, while crude oil increased by 0.4% in New York. The MSCI Asia Pacific Index dragged 0.2 percent Posco to Acer Inc. posted lower profits of companies. Standard & Poor 500 Index future increased by 0.3%. Malaysian Ringgit strengthened below 3 to the dollar for the first time in over 13 years. The yen weakened to a euro 119.24 119.71 last week.Shanghai Index led the China Composite losses in Asia after China International Capital Corp. stated that the consumption of the country prices could climb up to 5.5% this month. Inflation Singapore held to 5 percent in March, a Government report showed today. Data this week may show the Japan retail sales sank last month and U.S. gross domestic product growth has slowed, the major central banks of both countries to keep interest rates near zeroAccording to economists surveyed by Bloomberg. "It is very clear that some Asian countries will keep raising rates more while their economies are strong enough to see more hiking, said Hideki Hayashi, a global economist at Mizuho Securities Co. in Tokyo. "However, the market players expect the United States this week to suggest it would maintain low rates for some time, which means more appeal for Asia.".DoublesSilver of money, which has more than doubled over the past year, transferred to $49.0925 per ounce after having earlier reached a maximum of $49.79 as investors sought precious metals as a store of value. Gold for immediate delivery increased by 0.8% to a record $ 1,518.32 an ounce before the Exchange at $1 517.38.Corn for July delivery rose 2.6% to $7.64 a bushel on speculation wet, cold in the Midwest of the United States further delay plantingreduce yields. Wheat increased by 2.7% to $8.57 a bushel.Oil for June delivery rose by 0.4% to $112.74 a barrel on the New York Mercantile Exchange, after the Syrian security forces detained at least 200 people following the assassination of anti-government demonstrators and Senator John McCain said rebel in Libya need help in the fight against the forces of Muammar Kadhafi.la rising prices is fueling speculation policy makers in Asia will intensify efforts tightening. Singapore dollar was little changed at S$ 1.2335 versus the greenback after hit S$ 1.2318. The Central Bank said on April 14 that it would allow more appreciation. The Malaysian ringgit earned as much as 0.5% at 2.9910, the highest level since October 9, 1997, on speculation, the Central Bank will be increasing interest rates the month next to help damp inflation. "Imported Inflation '" there is a perception that the central banks in Asia are allowing their currency thus appreciate to curb imported inflation "Lee Wai Tuck, a strategist to the prediction of the Pte to Singapore, said in an interview with Bloomberg Television. "There are some concerns that if the currencies do not appreciate, inflation may go even higher" in countries including China and Singapore, he said.The yen weakened to the 82.02 per dollar of 81.88. The Japan retail sales declined 6.1% in March from a year earlier after rising 0.1 percent in February, according to the midpoint estimate of economists in a survey of Bloomberg News before the Government data due April 27.BOJFOMCThe Bank of Japan can cut its forecast of real growth for 2011 tax to 0.8 per cent of 1.6% as a result of the earthquake on March 11, the Nikkei newspaper reported today. The Central Bank will keep interest rates of reference to a range between zero and 0.1% at its next meeting, according to the set of 13 economists surveyed by Bloomberg News.The Federal open market Committee will hold the reference rate in a range of zero to 0.25% April 27According to all the 80 economists surveyed by Bloomberg. GDP increased a 1.9% annual pace after increasing at a rate of 3.1 per cent in the previous three months, according to the median estimate of 66 economists surveyed by Bloomberg News before April 28 report of the Department of the Commerce.Le Dollar Index dragged 0.2 percent to 73.936 after earlier falling as much of 0.3%. The gauge used by IntercontinentalExchange Inc. to track the dollar against the currencies of the six major U.S. trading partners affected 73.735 on 21 April, the lowest since August 2008. "Low ' Yen, the Dollar" in the Japan and the United States are the countries which cannot therefore lead to a monetary tightening, the yen and the dollar will be weak, "said Daisaku Ueno, President of Gaitame.com Research Institute Ltd., in Tokyo largest margin the Japon.Environ currency unit four shares declined for all three who has risen on Asia Pacific the MSCI Index, rallied to 2.2 percent last week. It was the steepest weekly gain in a month. Of Shanghai Composite Index fell by 1.5%, led by China Petroleum & Chemical Corp. and China Shenhua Energy Co., after the ICC said consumer prices could climb from 5.2% to 5.5% in April. The Government has an inflation target for the year of 4 percent.Actions of shipment of advanced, led by based in Taipei Evergreen Marine Corp., after KGI Securities Co., said in a report today "peak demand" and container shortages would boost its earnings in the third quarter. Kweichow Moutai Co., manufacturer of China liquor by market value, gained 3.9% after reporting a 49% increase in net income in the first quarter.EarningsPosco slid 1.9% after the third largest steel producer in the world by the said release first-quarter profit fell 33 percent. Acer sank to 3.1 per cent after the second largest world supplier of portable computers said the lower quarterly profit in six years. Reliance Industries Ltd., most large company of the India by the market value fell to 2.7 per cent after posting net income missed analyst forecasts.Since April 11, only 45 percent of the 60 members on the MSCI Asia Pacific reported earnings per share are predictions analyst beat, compared to about 71 per cent MSCI World Index members, according to data compiled by Bloomberg.Futures on the & S P 500 indicate actions can climb today Advanced Micro Devices Inc. companies. to SanDisk Corp. posted earnings that beat Analyst estimates. 22 April, and us stock markets were closed for a holiday.Exchange of Australia for the United Kingdom and the Germany remain excluded today.

-With the help of Ron Harui, Masaki Kondo, Jake Lloyd-Smith and Glenys Sim at Singapore, John Dawson in Hong Kong and Hur Jae in Tokyo. Editor: Matthew Brown.

To contact the reporters on this story: Shiyin Chen to Singapore to schen37@bloomberg.net; Yumi Teso to Bangkok to yteso1@bloomberg.net.

To contact the editor responsible for this story: Patrick Chu in Tokyo at the pachu@bloomberg.net

View the original article here

U.S. S & P 500 Index Futures advance before new home sales data

April 25, 2011, 5: 31 pm EDT by Kana Nishizawa

April 25 (Bloomberg) - future pink Index of the U.S. Standard & Poor 500 before the release of the new house data sales March, indicating the tonnage may rise for the seventh time in eight days.

S & P 500 futures expiring in June increased by 0.3% to 1,335.40 5 h 08 in New York. Contracts on the Dow Jones gained 0.2% at 12,462 and future of the Nasdaq-100 index advanced 0.3% to 2,381.50. U.S. markets close on 22 April for the holidays and resume trade today. "The prospects for the US economy appears to be stable,"said Ayako sera, a strategist at Sumitomo Trust & Banking Co. in Tokyo, which manages about 331 billion dollars in assets. "Corporate profits are looking positive." New data out coming home sales will probably show a rebound from the previous month. "A report by the Government now can show the United States purchases of new homes climbed 12 percent last month, according to the median estimate in a Bloomberg News of 64 economists survey. Purchases dropped by 17% in February. Reports on durable goods orders and the gross domestic product are also due this week.The & S P 500 increased 0.5% April 21 to 1,337.38, the highest level since February 18, as Apple Inc. and Morgan Stanley earnings beat estimates of analysts. S & P 500 profits exceed projections of 9.8% so far this season, according to data compiled by Bloomberg.Advanced Micro "we were expecting relatively strong gains and that has really come through this season," Jim McDonaldHead north of the Trust Corp. in Chicago investment strategist, said in an interview with Bloomberg Television today. "He is really showing evidence of the global economic recovery."After the market closed last, Advanced Micro Devices Inc., the second manufacturer of processors for personal computers, announced first-quarter profits that beat analysts forecasts. International Game Technology, a large manufacturer most machines slots, posted a second quarter adjusted profit of 23 cents per share topped the average estimate 2 cents analyst.The & S P 500 jumped 6.3% in 2011, extending from rally of 13 per cent last year. Companies in the trade of gauge for profit estimated 13.7 times, compared with an average of 18.1 times reported profit in the last decade.

-With the help of Susan Li in Hong Kong. Editors: Darren Boey, Reinie Booysen

To contact the reporter on this story: Kana Nishizawa in Tokyo at the knishizawa5@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net.

View the original article here

Tsunami speeds "Terminal decline" of the industry of fish of the Japan

Translate Request has too much data
Parameter name: request
Translate Request has too much data
Parameter name: request
April 25, 2011, 6:16 AM EDT By Stuart Biggs, Kanoko Matsuyama and Frederik Balfour

(Adds release of radioactive water in 24th paragraph)

April 25 (Bloomberg) -- The wreckage of a 379-metric ton tuna boat blocks the road to the deserted fish market in Kesennuma, once Japan’s largest port for bonito and swordfish. Even after the debris from last month’s tsunami has been cleared away, the industry may never recover.

“Thirty years ago we used to think Japan was the number one fishing country in the world, with the best catching and processing methods, but that’s really no longer the case,” Ryosuke Sato, chairman of the Kesennuma Fisheries Cooperative Association, said in an interview in the town, 400 kilometers (250 miles) north of Tokyo. “We’ve been in terminal decline.”

Traffic at the port had dropped by 90 percent over the last 20 years as seafood imports rose, even before the country’s northeastern coast was devastated on March 11. Destruction of boats, harbors and processing plants, coupled with fears of radioactive contamination in marine life, threatens to hasten Japan’s turn to overseas for its most important food staple after rice.

Japanese eat more fish per capita than any other developed country, consuming 56.7 kilograms (128 pounds) annually, compared with a global average of 17.1 kilograms, according to the United Nation’s Food and Agriculture Organization. Fish accounts for 23 percent of protein in the daily Japanese diet, compared with four percent in the U.S.

Fish Broth

Consumption begins with breakfast in Japan, an archipelago of nearly 7,000 islands, where a traditional morning meal consists of rice and grilled fish. In addition to sushi, staples including miso soup also contain fish broth. To feed the habit, Japan is the world’s largest importer of fish, buying $14.4 billion worth in 2008, according to data from the United Nations Food and Agricultural Organization.

“We’re the biggest fish lovers among the major industrial nations and the number one consumer,” said Masayuki Komatsu, a professor at Tokyo’s National Graduate Institute for Policy Studies specializing in ocean and marine resources. “It’s like water and air to us.”

Auctions at Tokyo’s Tsukiji, the world’s largest fish market that stretches over an area the size of 43 football fields, influences prices all over the world, according to Sasha Issenberg, author of ‘The Sushi Economy.’

“It’s like a combination of Wall Street and Sotheby’s in the art market and a commodities trading floor,” he said.

Five Years

Last month’s earthquake and tsunami, which left almost 28,000 dead or missing, disproportionately affected Japan’s northeastern fishing ports and towns. In Iwate prefecture, the tsunami caused about 106.6 billion yen ($1.3 billion) of damage to the fishing industry, according to data from the government. That’s about ten times the combined total for the prefecture’s agriculture and forestry industries.

Fishermen in Kesennuma, which has a population of 73,000, expect it to take as long as five years to rebuild the port and market, central to a fishing industry that provides 85 percent of the town’s jobs.

The city government says 837 townspeople died and 1,196 were listed as missing as of April 22. A further 5,838 people, or 7.8 percent of the population, are in evacuation centers. In addition to the destruction of maintenance and refueling facilities, about 40 fishing vessels were lost, the cooperative’s Sato said.

‘Not Alone’

“There’s so much damage, this is a crisis for the town and the fishing industry,” said the 69-year old Sato, whose Kanedai Co. fish company has sales of 9.4 billion yen in Japan and China, with 230 employees. A poster on the wall signed by wholesalers and customers reads: “You’re not alone, everyone is with you. Thank you always for the delicious fish.”

South Kesennuma, where most of the fish processing plants were located, was the first area to be hit by the tsunami after it passed the island of Oshima that creates the entrance to Kesennuma’s harbor about two kilometers off shore. In the harbor, trawlers and a refueling tank were slammed together, spewing fuel. Fire spread across the fuel-water mix, creating an inferno.

The 50-meter-long Myojin Maru No.3, licensed to catch yellowfin and albacore tuna in the Indian Ocean, is one of at least 10 giant vessels dumped around the town. It towers over gutted two-storey buildings owned by fishing companies about 500 meters from the fish market.

“Companies may have the money to rebuild but people are saying they don’t want to come back,” Yaeko Komatsu, 53, said as she gazed at the rubble of her seafood company employer she didn’t identify. “They say it’s dangerous.”

Planned Reopening

The fish market is planning to partially re-open in June to provide a sales floor for the expected arrival of bonito boats. Longer-term plans depend on the amount of central government assistance, the cooperative’s Sato said.

Reconstruction needs to happen fast to prevent workers from leaving the town for good, Itsunori Onodera, a Diet Member representing Kesennuma, said in an interview at the city hall.

Like many ports in Japan, Kesennuma developed a reputation for handling specific kinds of fish. Ships from all over Japan came to the town to sell saury, sharks and tuna. By adding maintenance and refueling facilities, Kesennuma became one of Japan’s 10 largest fishing ports, Sato said.

The importance of fishing and towns like Kesennuma in Japanese culture belies the fishing industry’s declining status in the economy. Fishing contributes about 0.2 percent of Japan’s GDP, and the number of fishermen has dropped to about 200,000 from about a million after World War II, according to the National Graduate Institute’s Komatsu, also a former official at Japan’s Fisheries Agency.

Indonesian Workers

For fishermen like Tokio Takatsuka, who returned to Shiogama Port, 315 kilometers north of Tokyo and 80 kilometers south of Kesennuma, earlier this month to sell yellowfin tuna from the Pacific, that means hiring more crew members from the Philippines and Indonesia to make up for the shortage of Japanese applicants. They come as part of a government plan to ease labor shortages, and signs at the port are now written in Bahasa as well as Japanese.

“My generation never considered doing anything besides fishing,” Takatsuka, 62, said in an interview last week next to his boat. “It’s different for young people now.”

Even as the government hurries to rebuild facilities, fishermen and consumers are worried about radiation from Tokyo Electric Co.’s Fukushima Dai-Ichi nuclear power plant, Akira Sato, mayor of Shiogama, said in an interview after the town’s first fresh tuna auction since the March 11 earthquake. The fisherman Takatsuka sailed more than 60 kilometers wide of the plant on the way to the port, rather than hugging the coast, in order to reassure buyers.

About 520,000 liters of water with a level of radioactivity that was 20,000 times the legal limit leaked into the ocean between April 1 and 6, Junichi Matsumoto , a Tepco general manager, said last week.

‘People Are Spooked’

“It puts a cloud over the entire fishing industry and Japan’s food culture is suffering as a result,” Jeff Kingston, director of the Department of Asian Studies at Temple University’s Japan campus said. “People are spooked.”

The level of radioactivity in water leaked from the No. 2 reactor of the Fukushima Dai-Ichi nuclear plant was 20,000 times the regulatory limit, Tepco said on April 21. A total of 520 tons of contaminated water leaked between April 1 and April 6, said Junichi Matsumoto, a general manager at the utility.

At Tokyo’s Tsukiji fish market, sales of fresh fish fell to an average 583 metric tons per day in the week ended March 17, down 28 percent from a year earlier. The following week they dropped by 44 percent.

“If this continues for two or three years we don’t know what will happen to our bodies from consuming contaminated fish,” Yasuo Kawada, a 59-year-old manufacturing employee said in an interview. “I do worry.”

Fish Bans

Radiation from fish and lobsters near the U.K.’s biggest nuclear polluter suggest radioactive material dumped into the sea from Tepco’s Fukushima power plant isn’t a long-term health threat, according to Richard Wakeford, a professor of epidemiology at the University of Manchester’s Dalton Nuclear Institute.

The Sellafield nuclear-processing plant in northwest England has discharged at least 320,000 times more radioactive material into the Irish Sea since 1952 than what Tepco released from Fukushima this month, according to Bloomberg calculations based on data from both sites. Still, average radiation doses by seafood-consumers near Sellafield over 15 years have been half the recommended limit, studies show.

That hasn’t stopped China, Korea, Taiwan and Hong Kong from banning fish imports from parts of Japan. The countries accounted for about 70 percent of Japan’s fish exports in 2009, according to Japan External Trade Organization figures.

“Radiation is a grim reaper, you can’t see it and you can’t smell it,” said Ken Banwell who has worked as a fish importer in Tokyo for 22 years. “I would say it would have a profound effect on sales from those areas.”

Still, overall sales at Tsukiji recovered to pre-quake levels last week, indicating Japanese consumers are returning to fish. Prime Minister Naoto Kan proposed a 4-trillion yen ($49 billion) extra budget that is likely to be the first of several packages to rebuild areas devastated by last month’s record earthquake and tsunami, which will include assistance for the industry, the government said in an April 22 statement.

“It’ll take three years, at most five years to rebuild the fish market,” said Sato, in his ninth year as head of the Kesennuma Fisheries Association. “In the meantime we need to know how we can continue to live here today, tomorrow, without jobs at plants which don’t exist anymore.”

--With assistance by Chisaki Watanabe and Shunichi Ozasa in Tokyo. Editors: Bret Okeson, Brian Fowler

To contact the reporters on this story: Stuart Biggs in Tokyo at sbiggs3@bloomberg.net. Kanoko Matsuyama in Tokyo at kmatsuyama2@bloomberg.net; Frederik Balfour in Hong Kong at fbalfour@bloomberg.net;

To contact the editor responsible for this story: Bret Okeson at bokeson@bloomberg.net

View the original article here