Citgo sees no
impact from PDVSA asset freeze
HOUSTON,
Feb 9: Citgo Petroleum Corp said court
orders won by Exxon Mobil Corp freezing parent
company PDVSA's assets won't affect Citgo's U.S.
Refining and marketing operations.
''In the meantime,
to avoid any confusion, none of the orders
obtained by Exxon Mobil relate to Citgo and none
have any impact whatsoever on Citgo's business,''
the Houston-based company said in a statement,
late on Friday.
Exxon, the world's
largest oil company, won court orders in Britain,
the Netherlands and the Netherlands Antilles,
each freezing $12 billion of the Venezuelan
state-owned oil company's assets worldwide.
The orders
guarantee Exxon's payment should it win
arbitration over Venezuela's nationalization of
the Cerro Negro heavy oil project.
''Citgo
understands that PDVSA is confident that it will
prevail in the legal battle with Exxon Mobil and
will take all steps necessary to defend itself
against the actions taken, and any future action
Exxon Mobil may take,'' Citgo said in the
statement.
The asset freeze
boosted NYMEX crude futures by 4 percent Friday
on worries Venezuela's leftist President Hugo
Chavez might retaliate by cutting oil exports.
Venezuela has the
seventh largest proven oil reserves in the world,
according to the U.S. Energy Information
Administration.
Citgo, PDVSA's
U.S. Refining and marketing arm, operates three
oil refineries making motor fuels and is selling
two asphalt plants.
(AGENCIES)
Italy takes
Jewish teachers "blacklist" off
Internet .
ROME,
Feb 9: Italian police are investigating an
anti-semitic blog listing the names of more than
150 ''Jewish university professors'', which was
removed from the Internet after protests from
politicians and Jewish leaders.
The blog, by an
anonymous author, listed the names and workplaces
of university professors which it accused of
''publicly and politically'' supporting Israel.
It was taken down
in the early afternoon yesterday, said Emanuele
Fini, one of the heads of blogsite
www.Ilcannocchiale.It, where the blog was first
posted on Jan 16.
Interior Minister
Giuliano Amato ordered police to investigate the
case.
''The Internet has
become the main tool for spreading anti-semitic
hatred,'' said Alessandro Ruben of the
Anti-Defamation League in Italy.
Education Minister
Giuseppe Fioroni called the blog a shameful
''kind of Ku Klux Klan of the digital age''.
The blog had links
to far-right webistes and themes like Holocaust
revisionism, appeals to boycott Israel and
war-time fascist dictator Benito Mussolini. Some
professors listed on the blog are not Jewish but
had signed pro-Israel petitions.
There was a heated
debate earlier this month on whether Italy's
biggest book fair had a right to invite top
Israeli writers as special guests.
The Turin annual
fair, which this year will run from May 8-12,
invited Amos Oz, David Grossman and Abraham
Yehousha to mark Israel's 60th anniversary. The
decision sparked protests by some leftists, who
felt the fair was taking a political stance and
called for a boycott of its stands.
(AGENCIES)
First
"Hobbit" edition to go under the hammer
LONDON,
Feb 9: One of the first editions of J R R
Tolkein's classic ''The Hobbit'' is expected to
fetch over 30,000 pounds when it goes up for
auction next month.
The book,
published in 1937 and featuring a range of black
and white sketches, was signed by Tolkien and
dedicated to his close friend Elaine Griffiths.
Tolkein had first
written ''The Hobbit'' for his children but after
reading the transcript, Griffiths thought it was
so good she handed it to publisher, George, Allen
and Unwin.
The story, which
follows the quest of Bilbo Baggins to reclaim his
stolen treasures from the dragon Smaug, went on
to become a cult classic, selling more than 100
million copies in over 40 languages.
Just 1,500 first
edition copies were ever printed.
Also in the
Bonhams sale will be the first foreign language
version, translated into Swedish in 1947, as well
as the last known photograph of the author, said
to have been taken by his grandson, Michael, in
1973 just before he died. (AGENCIES)
SBT to open
representative office ....
DUBAI,
Feb 9: State Bank of Travancore, an
associate of India's largest public lender SBI,
will open its representative office in Dubai to
provide services to NRIs in the UAE.
SBT has already
got the approval of UAE Central Bank for the move
and is expected to open the representative office
in two months, SBT General Manager (international
banking) A K Basu said.
Basu, who was in
Dubai to finalise the opening of SBT's rep
office, said with nearly 30 per cent of the
bank's NRI business coming from the UAE,
"there is a need for a representative office
to maintain real-time rapport with NRI clientele
at their place of stay and work."
He said a majority
of the bank's customers are from the low and
middle-income category. Setting up the office
nearer to them would help provide services like
counselling on deposit products, loan facilities,
account opening and investment guidance.
SBT, which has 706
branches, including 574 in Kerala, currently
manages City Exchange in UAE and Global Money
Exchange in Oman. Besides it has drawing
arrangements with 19 exchange houses in the
Middle East and Rs 90 billion is remitted to SBT
every year through these entities. (PTI)
Gays allegedly
discriminated against at Pizza Hut in UK
LONDON,
Feb 9: A group of gays and transsexuals
were allegedly discriminated against at a Pizza
Hut outlet in Blackpool, Britain.
When the group of
nine, several wearing women's clothing, asked for
a table, they claim they were told the restaurant
had run out of pizzas.
Michael Kemp, who
was wearing a miniskirt, said, ''A male member of
staff approached us with a big smirk on his face
and, when we asked for a table, he told us that
the restaurant had run out of pizzas and told us
to try somewhere else.''
He added, ''We
couldn't believe it. Who's ever heard of a Pizza
Hut running out of pizzas? It was clear they were
embarrassed by us, especially because some of us
were wearing women's clothing, and didn't want us
in the restaurant.''
Kemp, Paul
Barnabas, and his partner Iain Buck are claiming
up to 3,000 pounds compensation from the
worldwide chain, saying they were discriminated
against because of their sexuality, the Daily
Mail reported.
It is illegal in
Britain for shops, bars or restaurants to refuse
to serve anyone because of their sexuality.
Their claim, which
is being funded by the Equality and Human Rights
Commission, is said to be the first under the
legislation.
Pizza Hut has
denied any such discrimination and claimed the
restaurant had been going through a period of bad
management and had run out of food on previous
occasions. (UNI)
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