Oil prices firmer in Asian trade ahead of US inventory data

SINGAPORE, Dec 6: Oil prices were firmer in Asian trade today ahead of the weekly US inventory ...more

Wen likely to meet Singh on sidelines of ASEAN Summit

BEIJING, Dec 6: Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao are likely to meet during the ASEAN Summit next week, a senior official said here today., .....more

Systems in great shape for US space shuttle mission: NASA

CAPE CANAVERAL, FLORIDA,
Dec 6:NASA
said its systems were in good shape and the countdown was going well for ........more

Coup leader declares state of emergency in Fiji

SUVA, Dec 6: Fiji's military ruler declared a state of emergency after seizing power, as the police chief and ousted prime minister today urged peaceful resistance to defy the coup, and international sanctions began isolating the .......more

UNGA mulls ways to make staff more accountable in abuse cases

UNITED NATIONS, Dec 6: The United Nations General Assembly has decided to set ....more

Senate leader assures Manmohan Singh on Nuke deal

WASHINGTON, Dec 6: US Senate Majority Leader Bill Frist has assured Prime Minister Manmohan Singh that lawmakers are "working on" India's concern .......more

BRICs up ante for control of 21st century board room

HONG KONG, Dec 6: Driven by an era of unprecedented growth, Brazil, Russia, India and China are now leaving their mark and raising eyebrows on .......more

UN warns scaling back of humanitarian operations in Darfur

UNITED NATIONS, Dec 6: The UN Mission in Sudan has warned that humanitarian agencies may have to scale back their operations in North Darfur amid growing concerns over the safety of ..........more

Toshiba to enter Indian mobile market by year-end...........

Seven killed in restive Thai south....................

Spielberg to adapt Stephen King's 'Talisman' for TV..........

‘Indo-US nuke deal important for international security’

Oil prices firmer in Asian trade ahead of US inventory data

SINGAPORE, Dec 6: Oil prices were firmer in Asian trade today ahead of the weekly US inventory report and an OPEC meeting next week amid speculation about a further cut in output, dealers said.

At 0230 GMT (0800 IST) New York's main contract, light sweet crude for January delivery, was up 13 cents to 62.56 US dollars a barrel from 62.43 US dollars in late US trade yesterday.

Brent North Sea crude for January added nine cents to 63.41 US dollars.

"The market awaits the inventory data and the general expectation is that heating oil is getting more important in the northern Hemisphere winter season and so a draw down on distillate products is expected," said Victor Shum, senior principal at Purvin and Gertz Inc in Singapore.

Analysts forecast that stocks of US distillates, which include heating fuel, fell by 950,000 barrels last week owing to a cold snap in the northeastern United States.

Going forward, the US National Weather Service says the northern United States will have higher-than-average temperatures over the December 9-13 period, which should curb demand.

Although product stockpiles are falling, there is still an ample supply for this time of year, analysts say.

Prices were also supported by expectations that the 11-member Organisation of the Petroleum Exporting Countries (OPEC) will cut output further at a meeting on December 14 in Nigeria. (AGENCIES)

Wen likely to meet Singh on sidelines of ASEAN Summit

BEIJING, Dec 6: Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao are likely to meet during the ASEAN Summit next week, a senior official said here today.

"Premier Wen has met Prime Minister Singh several times and they enjoy a very good working relationship," Assistant Foreign Minister Cui Tiankai said.

"I am sure that the two Prime Ministers will be very happy to meet again in Cebu, in particular in light of the fact that President Hu Jintao made a very successful visit to India not long ago," Cui told PTI.

The meeting is likely to take place on the sidelines of the 10th Summit of the Association of Southeast Asian Nations (ASEAN) and the 2nd East Asia Summit in Cebu, the Philippines, from December 11 to 14. (PTI)

Systems in great shape for US space shuttle mission: NASA

CAPE CANAVERAL, FLORIDA, Dec 6: NASA said its systems were in good shape and the countdown was going well for tomorrow's launch of the Space Shuttle Discovery's mission to the International Space Station.

Set for tomorrow at 0805 IST, it will be the first night launch since the Columbia disaster in 2003 as NASA races to finish building the ISS by 2010.

"Our systems are currently in great shape, countdown is progressing and we have no issues of consequence," Steven Payne, test director of the National Aeronautics and Space Administration (NASA), told a media briefing.

"The teams are ready and we are looking forward to an incredible mission (for the) space shuttle Discovery and a safe and successful landing," he said.

The countdown for the launch began at the Kennedy Space Ceter in Cape Canaveral, Florida at 0930 IST yesterday.

No major meteorological problems are foreseen for the 10-minute launch window, with only a 30 percent chance of weather scuttling liftoff tomorrow, it added.

However, should there be a 24- or 48-hour delay, then the weather risk would increase to 60 per cent.

"So, overall, the first day is the best day weather-wise," said Kathy Winters, thesuttle weather officer. Strong winds cause a "lot of concern" with a 24-hour and 48-hour delay, she said.

NASA officials say Discovery's 12-day mission to rewire the orbiting ISS in two spacewalks is its most complex to date. The astronauts will also bring an 11-million-dollar truss segment to be added to the orbiting laboratory in a third walk. (AGENCIES)

 

Coup leader declares state of emergency in Fiji

SUVA, Dec 6: Fiji's military ruler declared a state of emergency after seizing power, as the police chief and ousted prime minister today urged peaceful resistance to defy the coup, and international sanctions began isolating the South Pacific country.

A statement issued by the Information Ministry today said Commodore Frank Bainimarama ordered the state of emergency immediately after assuming executive power yesterday.

Bainimarama ordered that a security cordon be set up around the capital, Suva, check points established at strategic points in the city, and for all military reserves to be "marched into" military camps to support the state of emergency.

The statement came after troops held meetings with acting Police Commissioner Moses Driver, who had earlier denounced the military takeover and instructed his officers to disregard any orders from the military regime.

Driver was taken to the main military barracks in Suva under duress after troops came to police headquarters and demanded he accompany them, police spokeswoman Sylvia Low said.

Troops also entered and broke up a meeting of senior government bureaucrats who had convened to discuss yesterday's takeover. Prime Minister Laisenia Qarase's permanent secretary Jioji Kotobalavu was briefly detained, his office said.

Soldiers also entered Parliament to break up a session of the Senate, which resumed its scheduled budget deliberations despite Bainimarama's vow to dissolve Parliament, said the legislature's clerk, Mary Chapman. (AGENCIES)

UN warns scaling back of humanitarian operations in Darfur

UNITED NATIONS, Dec 6: The UN Mission in Sudan has warned that humanitarian agencies may have to scale back their operations in North Darfur amid growing concerns over the safety of their personnel following clashes between troops and rebels.

Recent clashes between rebel groups and Government forces and allied militias, as well as the increased presence of Janjaweed militia and other armed groups, have further destabilised the volatile situation, it said yesterday.

UN humanitarian agencies and Non-Governmental Organisations active in North Darfur will have to seriously curtail their operations if the security situation continues to deteriorate. These are the agencies which provide much needed help to region's internally displaced persons and the curtailment of their activities could adversely affect their already dire situation.

The clashes in and around the provincial capital of El Fasher follow a reported series of attacks by security forces and an allied militia on a North Darfur village on Friday and Saturday that culminated in the burning of the homes and the looting of the residents' livestock, the world body reported.

More than 200,000 people are estimated to have been killed and another 2 million forced to flee their homes because of fighting across Darfur, a vast and impoverished region on Sudan's western flank, since 2003.

Last week the African Union Peace and Security Council agree to extend the mandate of AU peace mission to Darfur, known as AMIS, by six months until the end of June next year.

The trouble in the region began when black African revolved alleging discrimination and Government took help of Arab militias to put down the rebellion.

Meanwhile, in Geneva the Human Rights Council announced that it will hold a special session on the situation in Darfur on December 12. The special session is being convened after a request from Finland which was signed by 33 of the Council's 47 Member States. (PTI)

BRICs up ante for control of 21st century board room

HONG KONG, Dec 6: Driven by an era of unprecedented growth, Brazil, Russia, India and China are now leaving their mark and raising eyebrows on the world stage through a series of massive corporate takeovers.

Multi-billion dollar offers from Sao Paulo, Moscow, Mumbai and Shanghai for global companies are no longer uncommon, forcing their leaders to rethink diplomatic ties to ensure their cherished growth prospects are realised.

Earlier this year a series of surveys released at the World Economic Forum in Davos found the global economy rests increasingly on the club of four emerging giants, collectively known as BRICs.

More than 1,400 executives surveyed by PriceWaterhouseCoopers found 71 per cent of companies planned to do business in at least one of those countries within the next three years. China topped the list.

Increasingly these four - who stand out as the world's major leading developing countries primarily because of their population size - are turning the tables and investing abroad in prime assets.

This was highlighted recently by the battle of the steel producers.

Control of Anglo-Dutch steelmaker Corus is up for grabs with Companhia Siderurgica Nacional of Brazil bidding 10.1 billion dollars and trumping a rival offer by India's Tata of 9.8 billion dollars.

The offer came after Brazilian mining giant CVRD won control of Canadian group Inco in October, creating the world's second-biggest miner in a 15.8 billion dollar deal.

Meanwhile, Severstal, Russia's second biggest steelmaker, is reportedly hoping to buy US Steel and merge Russian mining companies Gazmetall and Metalloinvest. (AGENCIES)

UNGA mulls ways to make staff more accountable in abuse cases

UNITED NATIONS, Dec 6: The United Nations General Assembly has decided to set up a committee to examine a report by experts to consider accountability of officials of the world body serving on peacekeeping mission if they commit criminal acts, including sexual exploitation and abuse.

The 192-member Assembly took the action on recommendation of its legal committee, especially in the context that it has no power to prosecute such personnel and the only thing it can do is to deport the offender to his home country with a recommendation that action be taken against him.

The composition of the committee is yet to be decided but it is expected to meet in April to examine the experts' report on how best to ensure that the peacekeepers and other UN staff are neither unjustly penalized nor effectively exempted from the consequences of a criminal act they might have committed.

More than 150 agencies, country representatives, diplomats and officials yesterday discussed measures to prevent sexual exploitation and abuse by the UN and NGO personnel during peacekeeping and natural disaster operations so that the world body's "zero tolerance" policy could be effectively implemented.

The issue came to fore following complaints that some peacekeepers had used small amounts of food to entice young girls and sexually abuse them in Congo and some other operations. The meeting also discussed the issue of providing assistance to the victims of abuse. (PTI)

Senate leader assures Manmohan Singh on Nuke deal

WASHINGTON, Dec 6: US Senate Majority Leader Bill Frist has assured Prime Minister Manmohan Singh that lawmakers are "working on" India's concern over certain aspects of the bills passed by the Senate to implement the civil nuclear deal, and that the final legislation was on track for completion this week.

Frist, in a telephone call initiated by him last morning expressed confidence to Manmohan Singh that Congressional action on the legislation will be completed this week.

"I spoke today by telephone with Indian Prime Minister Manmohan Singh regarding the pending legislation to authorise civil nuclear cooperation between the United States and India. I assured Prime Minister Singh that one of my top priorities for the remainder of this Congress is to enact this legislation, and I told him I am confident that we will be able to complete congressional action on it this week," Frist said in a statement to the media.

Singh stressed that there are a number of provisions in the bills passed by the House and Senate that are problematic for the Indian government because they depart from the understanding reached with President Bush on this issue on July 18, 2005.

Frist said he assured Manmohan Singh that his concerns would be dealt with, saying that he has named himself to be one of the negotiators on the bill "in order to be able to participate personally in the process of refining the legislation." (PTI)

Toshiba to enter Indian mobile market by year-end

HONG KONG, Dec 6: Buoyed by the growing wireless market in India, Japan-based electronics and technology major Toshiba is planning to tap the country's mobile segment by the end of this year.

"India is a very large market for us and is growing very rapidly. Japan has already achieved 70-80 per cent mobile penetration, which is forcing us to look overseas to meet our corporate demands," Toshiba Corporation International Operations Division Deputy Manager Takeshi Aoki told PTI on the sidelines of the ITU conference here.

The company is looking to tap the mobile market in India, Hong Kong, Taiwan and the European countries, he said.

"We will initially launch one GSM mobile handset in India within a few weeks, which would be marketed and distributed by the company along with a UK-based trading company in the country," Aoki said, adding that subsequently the firm would roll out other phones.

However, he refused to divulge the name of the distributing company and the exact date of the launch. The company would target all age groups to make its foray into the country a 'success', he said.

The company currently sells laptops, printers and flat panel display televisions in India through its national distributor HCL and has also recently forayed into home appliances through its wholly owned subsidiary Toshiba India.

On the notebook space in India, he said Toshiba, currently at number three, is eyeing the number two spot.

"Currently our market share is 9.5 per cent in India and we are targeting to reach 15 per cent by the end of March 2007," Toshiba Manager - Distributor Business, South Asia Ivan Kam said recently at a conference in India.

He said according to reports, around one million notebooks are sold in India, of which Toshiba has a share of 9.5 per cent. The company is looking to sell 150,000 laptops in India by March 2007.

The company is also spending about one million dollar on television, print and billboard advertising as it aims to increase its share in the one billion dollar market.

"There is a perception among the consumers that Toshiba notebooks are expensive and we want to change this myth. Our range starts from Rs 30,000, which is targeted at the student. Advanced users can go for the high-end notebooks," he said adding, the dealer base in India would be doubled to 600 by March-end next year.

"We are planning to add 3,500 more dealers in India". However, he denied revealing the time frame to reach this mark. (PTI)

Seven killed in restive Thai south

YALA, THAILAND, Dec 6: Suspected separatist militants have killed seven people in Thailand's Muslim-majority south, while three soldiers were wounded in a roadside bomb attack, police said today.

Two men were shot and killed in a drive-by shooting in Yala, one of three provinces bordering Malaysia beset by separatist violence and other unrest which has killed more than 1,600 people since January 2004.

Also in Yala, three soldiers assigned to protect local schoolteachers were injured -- one critically -- when a bomb exploded by the roadside.

In Narathiwat province, a 48-year-old Muslim was shot dead at his grocery shop by two militants who posed as clients, police said.

Two Muslims including a 13-year-old boy were shot several times in Narathiwat yesterday and died at the scene.

Police also confirmed that two people were killed in a bomb that exploded last morning outside a car showroom in Yala.

Violence has intensified in the three southern provinces of Yala, Pattani and Narathiwat in the past month, despite moves by Thailand's post-coup Government to forge peace in the region. (AGENCIES)

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Spielberg to adapt Stephen King's 'Talisman' for TV

LOS ANGELES, Dec 6: Director Steven Spielberg will produce for television a six-hour miniseries of the fantasy novel "The Talisman" written jointly by horror masters Stephen King and Peter Straub, Variety reported.

Published in 1983, "The Talisman" tells the tale of a 12-year-old boy who moves between parallel worlds, including one full of fantastic and dangerous werewolves, as he seeks to find a cure for his mother's cancer.

The production by Spielberg, Osar winner for "Saving Private Ryan" and "Schindler's List", is for the TNT cable channel and should air in 2008.

Last year Spielberg produced the 10-episode western "Into the West" for TNT which was a huge success despite its massive USD 100 million budget.

A number of books by King, the US' most successful horror-fantasy writer, have already been turned into hit movies, including "Carrie", "The Shining" and "Pet Sematary". (AGENCIES)

‘Indo-US nuke deal important for international security’

WASHINGTON, Dec 6: Terming the Indo-US nuclear deal as a "crowning achievement" for the us, the senators, appointed to thrash out the language of the final legislation to implement the deal, have said the agreement was important for promoting greater regional and international security.

"This legislation is a cornerstone of the President’s (George W Bush) vision for a new strategic partnership between the United States and India that will promote greater regional and international stability," chairman of the House International Relations Committee Henry Hyde said at the start of a manager’s meeting of the Conference Committee of the two chambers last evening.

In the first formal meeting of the conferees of the House and the Senate, Hyde announced that the staffers are close to an agreement.

"The bills were not too far apart to begin with," the Illinois Democrat said.

Hyde also hoped that the close relationship between India and the US will also contribute to stability in south Asia.

"It is our hope that this closer relationship will contribute significantly to stability in south Asia, the Indian Ocean basin and the international system as a whole" hyde said in the presence of other senior mangers like the Chairman of the Senate Foreign Relations Committee Richard Lugar and the ranking member of the House International Relations Committee Tom Lantos.

"This strategic partnership envisions expanded cooperation across a broad range of subjects... The cooperation in civil nuclear energy it enables will greatly enhance India’s capacity to produce the energy needed by its rapidly growing economy" Hyde added.

At the start of the Senate Session yesterday majority leader Bill frist announced that the conferees will have to conclude work on this "very important piece of legislation" to implement the agreement between India and the United States.

"This morning I talked to the Prime Minister of India who underscored the importance of this legislation" frist said in his opening statement on the floor of the Senate.

"This legislation will also contribute to our shared goals of strengthening global non proliferation regimes especially by enhancing cooperation to prevent Iran from acquiring the capacity to produce nuclear weapons," Hyde said.

He also expressed confidence that the new relationship between India and the United States that has already begun to take shape will endure "far into the future".

The civilian nuclear agreement will be called the "Henry J Hyde United States-India Peaceful Atomic Energy Cooperation Act of 2006".

Announcing this, current ranking member of the House International Relations Committee and incoming chair of that panel Tom Lantos remarked "no legislation has ever been more appropriately labelled".

Lantos stressed that the Bill is immensely important to world peace, global security and economic development and that the conference report "will advance our common interests" with India as also striking the right balance in law and in preservation of Congressional prerogatives.

Lugar,for his part,remained hopeful that the conferees of the House and the senate will be able to hammer out the final language of the legislation perhaps as early as Wednesday or Thursday.

"We all understand the time frame but we understand the importance of the relaqtionship we are forging between India and the United States" the Senator from Indiana remarked.

"This is a crowning achievement for our country, our committees, our Congressional system. It is one of the few conspicuous successes of any legislative activity in this Congress,but especially an important one given the gravity of affairs in the world and the importance of our friendship and relationship with India" Lugar said. (PTI)



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