BP shares plunge, U.S. threatens new penalties

BP shares plunge, U.S. threatens new penalties


BP shares plunge, U.S. threatens new penalties

Posted: 10 Jun 2010 01:45 AM PDT

LONDON/VENICE, La. (Reuters) - The shares of British oil giant BP Plc plunged 11 percent in early trading in London on Thursday after sinking to a 14-year low in New York on concerns about the costs of the massive Gulf of Mexico oil spill.


Suicide bomber kills dozens at Afghan wedding party

Posted: 10 Jun 2010 01:45 AM PDT

KANDAHAR, Afghanistan (Reuters) - At least 40 people were killed and 77 injured by a suicide bomb attack on a packed wedding party in insurgency-plagued southern Afghanistan, officials said on Thursday.


Honda says China car plants to resume output Friday

Posted: 10 Jun 2010 01:45 AM PDT

TOKYO (Reuters) - Honda Motor Co said it would resume production on Friday at two Chinese car factories that were idle for two days this week owing to a shortage of parts from a strike-hit supplier majority-held by unit Yutaka Giken.


Scepticism reigns as Thai PM makes reconciliation bid

Posted: 10 Jun 2010 01:45 AM PDT

BANGKOK (Reuters) - Thailand's prime minister will launch a national reconciliation plan on Thursday aimed at mending political divisions and paving the way for elections after deadly clashes between troops and anti-government protesters.


'Suicide bomb' at Afghan wedding

Posted: 10 Jun 2010 01:35 AM PDT

At least 40 people have been killed and another 77 wounded in Afghanistan's Kandahar province after an apparent suicide bomb attack at a wedding.


Galileo's fingers shown in museum

Posted: 10 Jun 2010 01:15 AM PDT

A tooth and two fingers which belonged to pioneering Italian scientist Galileo have been put on display in a Florence museum.


Thousands demand fair pay for Australian women

Posted: 10 Jun 2010 01:17 AM PDT

SYDNEY, Thursday 10 June 2010 (AFP) - Thousands of people marched in protest across Australia Thursday calling for the government to close the gap between wages for men and women.

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Japan prosecutors seek jail for NZ anti-whaling activist

Posted: 10 Jun 2010 01:13 AM PDT

TOKYO, Thursday 10 June 2010 (AFP) - Japanese prosecutors on Thursday demanded two years in prison for a New Zealand anti-whaling activist on trial for assault and charges relating to his boarding of a harpoon ship in Antarctic waters.

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Degradation

Posted: 10 Jun 2010 01:12 AM PDT

Yaks and sheep graze on grasslands outside Gonghe in Hainan Tibetan Autonomous Prefecture on the Qinghai-Tibet Plateau, known as the "Roof of the World."

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Indonesia has 'trust deficit', leader admits

Posted: 10 Jun 2010 01:11 AM PDT

JAKARTA, Thursday 10 June 2010 (AFP) - Indonesian President Susilo Bambang Yudhoyono on Thursday acknowledged his country lacked credibility as it seeks billions of dollars in foreign aid to battle climate change.

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Euro gains ground as stocks recover ahead of ECB meeting

Posted: 10 Jun 2010 01:10 AM PDT

TOKYO, Thursday 10 June 2010 (AFP) - The euro gained ground Thursday in Asian trade as short-term players were encouraged to return to the risk-sensitive unit after positive data and higher stocks boosted confidence, analysts said.

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S.Korean inspectors urge punishment for military commanders

Posted: 10 Jun 2010 01:08 AM PDT

SEOUL, Thursday 10 June 2010 (AFP) - South Korean state inspectors said Thursday that 25 military officers or officials should face punishment for mishandling a North Korean torpedo attack which sank one of Seoul's warships.

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Malaysia imports 99% of sugar supply: Mustapa

Posted: 10 Jun 2010 01:01 AM PDT

Ninety-nine percent of Malaysia's sugar supply is imported to meet the domestic demand, Dewan Rakyat was told today.

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Highly skilled workforce to be increased to 37% under 10MP

Posted: 10 Jun 2010 01:00 AM PDT

The Government will improve the facilities of technical education and vocational training to provide a viable alternative for individuals to realise their full potential.

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Probe into PKFZ scandal ongoing: MACC

Posted: 10 Jun 2010 12:59 AM PDT

The Malaysian Anti-Corruption Commission (MACC) is continuing its probe into the Port Klang Free Zone (PKFZ) financial scandal.

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Najib outlines 5 strategic thrusts to achieve 10MP aspirations

Posted: 10 Jun 2010 12:11 AM PDT

Datuk Seri Najib Tun Razak today outlined five key strategic thrusts under the 10th Malaysia Plan (10MP) to enable Malaysia become a high-income and developed nation by 2020.

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Gulf oil spill costs BP some US$1.43 billion

Posted: 09 Jun 2010 04:59 PM PDT

LONDON: British oil giant BP said today it had spent about US$1.43 billion (RM4.7 billion) on efforts to contain the Gulf of Mexico oil spill and related costs.

BP added that it was "not aware of any reason which justifies" a near 16% drop in the group's share price in Wall Street trade yesterday.

Regarding costs incurred due to the oil spill, BP said in a statement: "The cost of the response to date is approximately US$1.43 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs.

"This also includes the first US$60 million in funds for the Louisiana barrier islands construction project. It is too early to quantify other potential costs and liabilities associated with the incident."

The total figure of US$1.43 billion was up from US$1.25 billion announced by BP on Monday.

New York-traded shares in BP plunged 15.80% to US$29.20 overnight -- their lowest level in 14 years -- as the United States government gave the company 72 hours to produce updated plans for containing the oil spill.

- AFP

 

 

 


Scepticism reigns as Thai PM makes reconciliation bid

Posted: 10 Jun 2010 12:29 AM PDT

BANGKOK, June 10 — Thailand's prime minister will launch a national reconciliation plan today aimed at mending political divisions and paving the way for elections after deadly clashes between troops and anti-government protesters. Southeast Asia's second-largest economy saw its latest bout of political convulsion from March to May when protesters ...


Scepticism reigns as Thai PM makes reconciliation bid

Posted: 10 Jun 2010 01:11 AM PDT

BANGKOK (Reuters) - Thailand's prime minister will launch a national reconciliation plan on Thursday aimed at mending political divisions and paving the way for elections after deadly clashes between troops and anti-government protesters.


Ten rebels killed in Chechnya

Posted: 09 Jun 2010 09:10 PM PDT

MOSCOW -Ten rebels including a Jordanian were killed during an operation by Russian forces in the volatile Chechnya region, Interfax news agency reported Thursday.

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Oil 'reaching Florida shoreline'

Oil 'reaching Florida shoreline'


Oil 'reaching Florida shoreline'

Posted: 09 Jun 2010 06:01 PM PDT

BBC correspondent Andy Gallacher watches as oil washes ashore on a Florida beach


China journalists robbed at World Cup (AFP)

Posted: 09 Jun 2010 10:43 PM PDT

Press photographers take photos as the sun sets during a Brazil team training session on June 9, 2010 in Johannesburg. An armed gang stole money and a camera from four Chinese journalists in South Africa to cover the World Cup, state media reported Thursday.(AFP/Fabrice Coffrini)AFP - An armed gang stole money and a camera from four Chinese journalists in South Africa to cover the World Cup, state media reported Thursday.



Narrow Liberal win in Dutch election

Posted: 09 Jun 2010 10:28 PM PDT

Protracted coalition talks look likely after the Liberal party secured a very narrow victory


Oil 'reaching Florida shoreline'

Posted: 09 Jun 2010 06:01 PM PDT

BBC correspondent Andy Gallacher watches as oil washes ashore on a Florida beach


Narrow Liberal win in Dutch election

Posted: 09 Jun 2010 10:28 PM PDT

Protracted coalition talks look likely after the Liberal party secured a very narrow victory


China Turns Its Focus To Africa

Posted: 09 Jun 2010 10:24 PM PDT

As their myriad ties strengthen, there are ways for investors and companies to profit.


Inclusive Crises and Exclusive Recoveries?

Posted: 09 Jun 2010 10:00 PM PDT

As the G20 changes its recommendations from fiscal stimulus towards fiscal austerity, Ronald U. Mend


Suicide attack kills 40 at Afghan wedding party (AP)

Posted: 09 Jun 2010 10:10 PM PDT

An unidentified father comforts his injured son at a hospital following a blast at wedding party in Kandahar city, Afghanistan, Thursday, June 10, 2010. A suicide attack ripped through a wedding party in full swing in the Taliban's heartland in southern Afghanistan late Wednesday, killing 40 people and wounding dozens more, officials said. (AP Photo/Allauddin Khan)AP - A suicide attack ripped through a wedding party in full swing in the Taliban's heartland in southern Afghanistan late Wednesday, killing 40 people and wounding dozens more, officials said.



China wants more dialogue on Iran nuclear issue (AP)

Posted: 09 Jun 2010 10:13 PM PDT

AP - China, which voted for new U.N. sanctions against Iran over its nuclear program, said Thursday that the punishment does not mean the door to a diplomatic solution is closed and called for renewed efforts at negotiations.


China exports surge but Europe debt crisis looms (AP)

Posted: 09 Jun 2010 10:04 PM PDT

In this photo taken Friday June 4, 2010, Chinese port workers walk past containers stacked up at a port in Jinjiang in southeast China's Fujian province. China's government says on Thursday, June 10, 2010, its imports and exports both surged by nearly 50 percent in May 2010 over a year earlier in a positive sign for growth in the third-largest economy. (AP Photo) ** CHINA OUT **AP - China's exports surged by nearly 50 percent in May but analysts warned Europe's debt crisis is likely to hurt the recovery in trade.



Wanted: Female mate for rare rhino in Malaysia (AP)

Posted: 09 Jun 2010 10:14 PM PDT

AP - Malaysian authorities are trying to trap a female mate for Tam, a rare Borneo Sumatran rhino, in a last-ditch effort to produce an offspring in captivity and save his species from extinction, an official said Thursday.


Chicago ends 49 years of Stanley Cup hurt (Reuters)

Posted: 09 Jun 2010 10:31 PM PDT

Reuters - The Chicago Blackhawks ended 49 years of Stanley Cup frustration with a 4-3 overtime victory over the Philadelphia Flyers on Wednesday that clinched the National Hockey League's best-of-seven championship series.


North Korea seeks to soothe China over border shootings

Posted: 09 Jun 2010 10:12 PM PDT

BEIJING (Reuters) - North Korea has told China it will punish those responsible for shooting dead three Chinese nationals near the two countries' border last week, and vowed to prevent any repeat, Chinese state media said on Thursday.


Ahmadinejad due in China after sanctions slap (AFP)

Posted: 09 Jun 2010 09:45 PM PDT

Iranian President Mahmoud Ahmadinejad, pictured, is due in China on Thursday after the UN Security Council slapped Tehran with fresh sanctions over its nuclear programme -- a move backed by Beijing.(AFP/File/Atta Kenare)AFP - Iranian President Mahmoud Ahmadinejad was due in China on Thursday after the UN Security Council slapped Tehran with fresh sanctions over its nuclear programme -- a move backed by Beijing.



Clinton to Colombia: We will stand with you (AP)

Posted: 09 Jun 2010 09:13 PM PDT

U.S. Secretary of State Hillary Rodham Clinton, left, shakes hands with Colombia's President Alvaro Uribe during a press conference at the presidential palace in Bogota, Wednesday June 9, 2010. (AP Photo/Ariana Cubillos)AP - U.S. Secretary of State Hillary Rodham Clinton said Wednesday that the Obama administration will continue to support Colombia as it heads for a leadership change amid tensions with neighboring Venezuela.



Attack throws light on London's urban foxes (AFP)

Posted: 09 Jun 2010 09:08 PM PDT

File photo of a fox looking through a gate at the Royal Courts of Justice in central London. Slinking through suburban streets with its eyes flashing in the reflection of passing car lights, the urban fox -- blamed this week for mauling twin baby girls -- is a common sight in British cities.(AFP/File/Odd Andersen)AFP - Slinking through suburban streets with its eyes flashing in the reflection of passing car lights, the urban fox -- blamed this week for mauling twin baby girls -- is a common sight in British cities.



World Cup to sell football in cricket-mad India (AFP)

Posted: 09 Jun 2010 09:36 PM PDT

A boy wearing a T-shirt bearing English footballer Wayne Rooney's name gets ready to play in a local street football tournament in New Delhi on June 9. Football is slowly taking off in cricket-mad India and the World Cup is set to give the game another lift in the country of a billion-plus people.(AFP/Manan Vatsyayana)AFP - Football is slowly taking off in cricket-mad India and the World Cup is set to give the game another lift in the country of a billion-plus people.



In China, Democracy's On The Horizon

Posted: 09 Jun 2010 09:21 PM PDT

Twenty-one years after Tienanmen Square, a growing Chinese middle class may start to push--albeit de


Sudan media slam the return of censorship

Posted: 09 Jun 2010 07:08 PM PDT

KHARTOUM -Media censorship and repression have made a comeback in Sudan since the re-election in April of President Omar al-Beshir, opposition and independent papers say.

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US military chief 'dismayed' by China on S.Korean warship

Posted: 09 Jun 2010 06:12 PM PDT

WASHINGTON - Top US military commander Admiral Mike Mullen has said he is "dismayed" by China's lack of support for efforts to pressure North Korea over the fatal sinking of a South Korean warship.

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