Citigroup probes ’suspicious’ India deals

December 29, 2010

New Delhi, India (CNN) — Citigroup’s India unit has launched an investigation into suspicious transactions based on documents believed forged by an employee, the bank said in a statement.

A police complaint has also been filed in connection with the suspicious transactions that happened at a bank branch in Gurgaon, a New Delhi suburb, according to the statement Tuesday.

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China’s rare earths export cut raises trade concerns

December 29, 2010

chinas-rare-earths-export-cut-raises-trade-concernsChina has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade Organization.

China, which produces about 97 percent of the global supply of rare earth minerals, cut its export quotas by 35 percent for the first half of 2011 versus a year ago, saying it wanted to preserve ample reserves, but warned against basing its total 2011 export quota on the first half figures.

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South Korea backs six-party talks with North

December 29, 2010

south-korea-backs-six-party-talks-with-northSouth Korean President Lee Myung-Bak has said there is no choice but to try to dismantle North Korea’s nuclear programme through diplomacy.

His comments came after he received his foreign ministry’s annual report.

They follow a year of high tension, including exchanges of fire between North and South.

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Most Afghan parliamentary election results announced

November 24, 2010

Results have been released from all but one of Afghanistan’s 34 provinces in September’s parliamentary elections.

The outcome in Ghazni has been delayed after indications that not a single candidate from the largest ethnic group, the Pashtuns, had won a seat.

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Kabul ’safer for children than many Western cities’

November 22, 2010

Children may be safer growing up in Kabul than they are in London, Glasgow or New York, a Nato official has said.Mark Sedwill said the Afghan capital, as a “city of villages”, was better for youngsters than many Western cities, despite dangers posed by the conflict.

The senior civilian representative told CBBC’s Newsround: “Most children can go about their lives in safety.”

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Indian PM to address MPs, after telecoms minister quits

November 15, 2010

Indian Prime Minister Manmohan Singh is to make a statement to MPs about an alleged telecoms scandal that prompted a minister’s resignation on Sunday.

Telecommunications minister A Raja quit over claims that licences were undersold to mobile phone firms.

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US-India ties ‘to define century’

November 8, 2010

Washington and Delhi’s relationship will be one of the century’s defining partnerships, President Barack Obama and Indian PM Manmohan Singh have said.

On a visit to Delhi, Mr Obama said India was a world power, and both countries would work together to promote stability and prosperity.

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US-India ties ‘to define century’

November 8, 2010

Washington and Delhi’s relationship will be one of the century’s defining partnerships, President Barack Obama and Indian PM Manmohan Singh have said.

On a visit to Delhi, Mr Obama said India was a world power, and both countries would work together to promote stability and prosperity.

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Afghan President Karzai criticises US-Russia drugs raid

October 31, 2010

Afghan President Karzai criticises US-Russia drugs raid

Afghan President Hamid Karzai has criticised the first joint operation by Russian and US agents to destroy drug laboratories in his country.

Mr Karzai said he had not been informed of Russia’s participation - a sensitive issue in Afghanistan ever since the Soviet occupation ended 21 years ago.

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Death toll rises after Indonesia tsunami

October 26, 2010

At least 23 people have been killed and 167 are missing in Indonesia after a localised tsunami triggered by Monday’s earthquake off the coast of Sumatra.Scores of houses were destroyed by waves after the 7.5 magnitude quake, which struck 13 miles (20km) under the ocean floor near the Mentawai islands.

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