Malaysia’s Axiata to sell 4.2 bln rgt sukuk in July

June 22 (Reuters) – Malaysia’s No. 2 telecoms firm Axiata (AXIA.KL) will issue 4.2 billion ringgit ($1.32 billion) of sukuk by end July to refinance existing debt, its chief financial officer said on Tuesday.

Financials

Axiata’s unit Celcom Axiata Bhd will issue the Islamic bonds with tenor of 5, 7 and 10 years, Yusof Annuar Yaacob said.

“Credit markets being reasonably buoyant domestically, we’ve decided to use the opportunity to basically lengthen our tenor from the two years to the 5, 7 and 10 (years) and at the same time, get a fixed rate facility as opposed to floating,” Yusof told Reuters by telephone.

“Interest rates have moved up twice in Malaysia so we think it’s probably a good time to start locking in long-term rates.”

The sukuk would be based on the commodity murabaha structure, he said. CIMB (CIMB.KL) and the investment banking arm of top lender Malayan Banking Bhd (MBBM.KL) are handling the deal.

Axiata had said in January it could sell Islamic bonds to refinance about 4 billion ringgit of borrowings. [ID:nSGE60K0AP]

($1=3.186 Malaysian Ringgit)

(Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Liau Y-Sing; Editing by Julie Goh) ((y-sing.liau@thomsonreuters.com; +603 2333 8083; Reuters Messaging: y-sing.liau.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

Barclays to continue investing in Italy-report

June 17 (Reuters) – British bank Barclays (BARC.L) is not worried about Italy’s public finances and will continue to invest in the euro zone country, its CEO said in an interview with an Italian newspaper published on Thursday.

Financials

“We had strong growth in Italy in the last 10 years. We continue to consider it a strategic country in which to invest following our guidelines: in retail and wealth, and in corporate and investment banking,” John Varley told Il Sole 24 Ore.

He said Italy traditionally had a high level of debt but also a track record in addressing its finance problems.

“The high level of debt compared to GDP is not new, while the low level of household debt is particularly reassuring,” he told the newspaper. (Reporting by Danilo Masoni; Editing by David Holmes)

Canada oil output seen climbing 43 pct in 10 years

Alberta, June 9 (Reuters) – Canada’s oil output may increase by as much as 43 percent over the next decade, as oil sands projects that were deferred during the recession are put back on track, the country’s largest oil industry association said on Wednesday.

In its most optimistic case, the Canadian Association of Petroleum Producers said overall oil output will rise to 3.29 million barrels a day by 2015 and 3.88 million by 2020.

Production in 2009 averaged 2.72 million bpd, CAPP said. Canada is the largest foreign supplier of crude to the United States.

In a low case that assumes only current projects and those that are now under construction are operating, output will rise to 3.2 million bpd in 2015 and slip to 3.16 million by 2020. (Reporting by Jeffrey Jones; editing by Rob Wilson)

Afghanistan not prepared to go 10 years back, says Afghan MP

Kabul, June 6(ANI): Afghanistan’s Member of Parliament, Fawzia Kofi, has said that the nation or the Hamid Karzai-led Government is not ready to accept any path which threaten to throw the country back in time.

Kofi’s comments came after the Afghan’s Consultative Peace Jirga outlined a path for Karzai to negotiate with the Taliban, which included removal of senior Taliban figures from a United Nations blacklist and strengthening of Islamic law.

“This nation is not prepared to go 10 years back,” The Globe and Mail quoted Kofi, as saying.

“The delegates showed that they have already been influenced by Talibanization, making sure the insurgents’ ideology is included in these proposals. We cannot offer impunity to these people. They need to be equal before the law,” she added.

The jirga advised the government to act “immediately” on seeking the removal of the names of militant leaders from a blacklist drawn up by the UN Security Council in response to the September 11, 2001, attacks on the US.

The list designated Taliban and Al-Qaeda leaders, who were then based in Afghanistan, as terrorists, and helped to provide a UN-sanctioned justification for the US-led invasion of the country in November 2001. (ANI)

Ambanis to reach gas deal in 2 weeks – paper

Energy major Reliance Industries and Reliance Natural Resources Ltd will reach a gas supply agreement in the next two weeks, taking forward a patch-up between the billionaire Ambani brothers the Economic Times reported on Thursday.

The agreement, being negotiated between officials of the two companies, aims for Mukesh Ambani-controlled Reliance Industries to supply gas for 10 years from 2012 to power plants run by his younger brother Anil, the newspaper said, without saying where it got the information from.

After five years of a bitter feud that split India’s richest family, the brothers had unexpectedly called a truce on Sunday by ending a non-competition agreement that was a source of acrimony between them.

Earlier this month Anil lost a Supreme Court battle with Mukesh in a gas pricing dispute, with the court ordering the brothers to renegotiate within six weeks a private natural gas supply contract and gave the government control over setting gas prices.

The Economic Times said there was a possibility that Reliance Industries may pick up significant minority stakes in gas-based power plants owned by Anil Ambani’s group.

A spokesman for Reliance Industries said he had no comment on the report, while Anil Dhirubhai Ambani Group could not be immediately reached. (Writing by Devidutta Tripathy; Editing by Ranjit Gangadharan)

The mobile number that rang the death knell

London, May 26 (IANS) The Bulgarian mobile phone number – 0888 888 888 – has been suspended after every person who used it in the past 10 years died. The last man to own it was gunned down outside an Indian restaurant in the Bulgarian capital Sofia.

Vladimir Grashnov, former CEO of Bulgarian mobile phone company Mobitel, was the first user and he died of cancer in 2001. He was 48.

The number was then assigned to Bulgarian mafia boss Konstantin Dimitrov. He was shot dead down in 2003 in the Netherlands. He was 31.

Dimitrov had the mobile phone with him when he was shot while eating out with a model, Daily Mail reported Wednesday.

The exclusive number then passed on to businessman Konstantin Dishliev who was shot dead outside an Indian restaurant in Sofia in 2005. Dishliev had been running a cocaine trafficking operation before he was killed.

The phone number has now been suspended. Callers get to hear the message that the phone is outside network coverage.

A Mobitel spokesperson said: ‘We have no comment to make. We won’t discuss individual numbers.’

Men faster, riskier behind the wheels: Study

Wellington, May 20 (ANI): Although women drivers are involved in more crashes, accidents involving men drivers are far more fatal, as they tend to take more risks on road, according to a survey.

The AA Insurance Drivers Index surveyed 4336 drivers aged between 18-65 and found that 24 per cent of men admitted breaking the speed limit most of the time, com-pared with 16 per cent of women.

While women avoid speeding because of safety, men fear demerit points.

More men feel okay about drinking before driving, compared to women. And it is men who alter their driving route to avoid police checkpoints.

The average claim for accidents involving men is $2450, whereas it is the average claim is 2450 dollars, whereas women”s claims, when at fault, average 2257 dollars in women”s claims.

“I don”t feel safe when he”s driving,” Nzherald.co.nz quoted Antje Schomacker, 28, who has been driving for 10 years compared to her partner”s two, as saying.

“It feels like he doesn”t have the car in control. We were travelling through New Zealand in a campervan and I was like ”no, no, no, you get out” because I was scared … he”s driving too fast around the corners like ”oh, this is fun” and you can feel he doesn”t have control.”

Scott Douglas, her husband agrees.

“Sometimes I scare myself driving. She”s the better driver – way better.”

Kim Kardashian hated her body as a child

Melbourne, May 20 (ANI): Socialite Kim Kardashian has revealed how she hated her body as a child because of her ever-growing boobs.

Kim, 29, revealed to Shape magazine that she was 10-years-old and very embarrassed by their size.

She also told the mag about how she prayed to God to stop them from growing, and even tried to restrict their growth herself.

“I remember crying in the bathtub… I took a washcloth, made it hot, put it over my chest and prayed, ‘Please don’t let them grow any bigger. They’re embarrassing me’,” the Daily Telegraph quoted her as revealing. (ANI)

No intention of playing for England after World Cup: Carragher

London, May 20 (ANI): Liverpool veteran Jamie Carragher, who is only making a World Cup comeback because England needs him, has no intention of carrying on with the team after the 2010 World Cup in South Africa.

Carragher, 32, who quit England three years ago, said it will be South Africa and out again and that he only agreed to take part because of injuries.

Relaxing at England’s training camp high in the Austrian mountains, Carragher realised that his time as a player was fast running out, The Sun reports.

“I’ve been playing football since I was five years of age and in another five years I’ll probably never kick a football for the rest of my life.

“This is the chance to play at the highest level again plus, equally important, to work with this manager. Over the past 10 years Mr Capello has been the stand-out manager in world football,” The Sun quoted Carragher, as saying.

Carragher retired as an international because he was fed-up playing all over the globe as a member of the squad. It was time to concentrate on Liverpool.

He is again in the same position as he was at the last World Cup, behind John Terry and Rio Ferdinand for the central defensive positions and a reserve right back.

Carragher’s reincarnation is all the more surprising because he wrote in his autobiography how Liverpool was more important to him than England, The Sun reports.

He also told how his missed penalty in the 2006 World Cup quarter-final shootout against Portugal did not matter in the same way it would had he missed for his club.

“The stuff I mentioned in my book wasn’t so much a slight on England, it was more that Liverpool means that much to me. But I couldn’t complain if there wasn’t a great reaction against Mexico at Wembley on Monday,” he said. (ANI)

Times Square Bomb suspect Faisal Shahzad appears in court for his first hearing

New York, May 19 (ANI): Times Square bombing attempt suspect, Faisal Shahzad has been produced in court for his first trial after being charged with terrorism and possession of weapons.

Shahzad was wearing a gray sweat suit and was composed. He pleaded ‘no plea’ to the five felony charges against him.

He had admitted to driving the SUV bomb into Times Square and told authorities he had received terror training during a recent five-month trip to Pakistan.

He has been charged with using a destructive device in an attempted violent crime, punishable by up to 30 years in prison; transporting and receiving explosives, punishable by up to 10 years; and attempting to damage and destroy property with fire and explosives, punishable by up to five years.

Assistant public defender Julia Gatto said she was his attorney and requested for Shahzad to be provided Halal meals while in custody.

According to FOX News, authorities said that the ex-budget analyst from Connecticut had voluntarily waived his rights to an initial court appearance while he was cooperating.

Shahzad “has provided valuable intelligence from which further investigative action has been taken,” the U.S. attorney”s office in Manhattan said in a statement Tuesday, the report said. (ANI)

BBC radio DJ suspended over Queen death joke

London, May 19 (ANI): A BBC radio DJ has been suspended for a week for cracking a joke about the death of the Queen on a live radio show.

Danny Kelly, 39, who was hosting his regular afternoon show between 2pm and 4pm on Monday, made the most shocking joke to listeners, reports the Daily Express.

The BBC apologized for the ‘inappropriate remark about the Queen’ on Monday night but it has emerged that Kelly was suspended from his job for a week as punishment.

Kelly, who has worked for 10 years in local radio, used his BBC WM show, based in Birmingham, to make the joke live on air. (ANI)

Pasture study probes grazing impact

A 25-year study on pasture in western Queensland has wrapped up and scientists say they have made important discoveries on sustainable grazing.

The trial was undertaken at the Toorak Research Station near Julia Creek.

That facility is to be sold off by the State Government later this year.

Research spokesman Dr David Phelps says some of the plants survived for the duration of the study.

“But I guess it also highlights the importance of keeping research going for as long as you can in these systems where you’ve got really long-lived pastures and we would have got quite different answers for instance if we’d stopped the study after 10 years – which is only a half or a third of a Mitchell grass’ lifetime – compared with now where we’ve pretty much covered the whole lifespan of Mitchell grass,” he said.

It is the longest trial on Mitchell grass ever conducted and spokesman Dr Phelps says it looked at how the pasture responded to different grazing pressures from sheep.

“The main thing for us after 25 years is that we’re now quite confident that if you graze a third of the bulk of the pasture it is quite sustainable and thankfully that also lines up with the finances,” he said.

“So we’ve made good profits out of moderate grazing pressure as well as protecting the pasture at that level.”

Self-perceived age of older Chinese consumers younger than actual age

Washington, May 19 (ANI): Older Chinese consumers perceive themselves younger than their actual age, an expert has found.

He also found that these perceptions affect marketing strategies aimed at these consumers.

Rui Yao, a University of Missouri assistant professor, recognized a trend wherein the average age of Chinese citizens has begun to get older quickly ever since the government enacted the one-child policy in 1978 as a form of population control.

“Someone who is 50 doesn’t think they are 50,” Yao said. “They see themselves as 45 or 40 years old.”

A survey of Chinese consumers above the age 50, was conducted across six cities in China. While almost 50 percent of the people surveyed were between the ages of 50 and 59, only about 33 percent perceived themselves as being that old. Overall, 52 percent of the total respondents perceived themselves to be younger than their actual age, among whom, about 20 percent perceived themselves to be at least 10 years younger and 6 percent had a self-perceived age that was at least 20 years younger than their life age.

“This study shows that when marketing products to this demographic, it is wise to avoid saying they are for older people,” Yao said. “Having a gray hair image, or using the term ‘silver’ isn’t going to be very well received by these consumers. Marketing professionals who hold the old belief that ‘the old man decays’ are challenged to re-evaluate and reposition the older consumer market. People live longer today. The ‘mid-life’ and ‘middle-age’ concepts are shifting. They used to describe those in their 30s and now it appears that the 50s may be the new 30s. Marketers should use more energetic and youthful campaigns. If a product makes them feel younger, they will be more likely to use it.”

Another interesting result was that women were more likely to perceive themselves as younger as compared to men.

Yao’s research included factors like financial risk tolerance, savings behavior and motives, retirement, debt management, and household consumption patterns.

This study was published in the Journal of Family and Economic Issues. (ANI)

£2k worth Hobbit-style dome may solve Third World housing crisis

London, May 18 (ANI): A man has designed a Hobbit-style dome that he expects will be the answer to Third World housing crisis.

Jay Emery says that the house will cost just 2000 pounds each that can act as a glamorous garden office or leisure building but far more importantly, provide a groundbreaking solution to how buildings are made.

“It has hobbit-esque appeal.

“But the thing is, if you were to look at a traditional South African Zulu beehive it”s similar.

“But they”re prone to fire and need lots of maintenance while the dome home is fireprrof and we think it”s disaster resistant,” Sky news quoted entrepreneur Jay Emery as saying.

Emery, who moved to the UK from South Africa, ventured into the business first by hand-making bushman burner chimineas for his company Dingley Dell Enterprises in Worcestershire 10 years ago.

Using fire cement rather than terracotta, he moved to making African pot houses for people to dine in their gardens.

Eventually, he was given a grant to construct a similar structure near Stourport-on- Severn. Now he plans to build 30 dome homes for an AIDS orphanage in South Africa.

He”s currently competing in a competition to win 50,000 pounds to help prove his concept. (ANI)

Unmarried sex more acceptable now for Americans over 45 than 10 yrs ago

New York, May 8 (ANI): A survey has found that Americans over 45 are now more open to the idea of sex outside marriage than they were 10-years ago, but are engaging less often and with less satisfaction.

The survey, based on detailed questionnaires completed last year by 1,670 people aged 45 and over, found that financial stress is to be blamed for the change, reports the New York Daily News.

Similar surveys on sexual attitudes and practices had been conducted in 1999 and 2004, and one of the most pronounced changes over the 10-year span dealt with sex outside of marriage.

In the 1999 survey, 41 percent of the respondents said non-marital sex was wrong. That figure dropped to 22 percent in the new survey.

But sexual activity, marital or not, seems to be less frequent overall for this age group.

In the new survey, 28 percent said they had intercourse at least once a week, and 40 percent at least once a month both categories were down roughly 10 percentage points from 2004.

Asked if they were satisfied with their sex lives, 43 percent in the new survey said yes, down from 51 percent in 2004.

The one intriguing find was that respondents who had a partner but weren’t married had sex more frequently and with more satisfaction than respondents who were married.

Gender differences were pronounced in several responses. Men think about sex and engage it more often than women, and are about twice as likely as women (21 percent versus 11 percent) to admit to sexual activity outside their primary relationship. (ANI)

Many Hollywood actors ‘suck’ at their jobs, says Mickey Rourke

Melbourne, May 08 (ANI): ‘The Wrestler’ star Mickey Rourke thinks many Hollywood actors ‘suck’ at their jobs.

Mickey, who has been promoting ‘Iron Man 2’, says he doesn’t respect many actors and claims that many of them ‘suck,’ reports the Daily Telegraph.

The 57-year-old star said, “You can be less than mediocre and be a f*****g movie star. I have respect for very few actors and actresses. Some of them get a lot of acclaim but just because their movie made 200 million dollars at the box office; they still suck. I got no respect for them and I used to let them know it.”

However, the leading man who received critical acclaim for his role as Randy ””The Ram”” Robinson”” in ””The Wrestler”” prefers to avoid arguments with other artists and clearly maintains dignity when he doesn’t like the co-star.

“It was important for me to put that aside and go, ””You know what? This is a business. If you kiss the right a*s and you get lucky on a movie or two, you could last 10 years.”” So, now, I just keep my mouth shut and pet my Chihuahuas,” he told Parade.com. (ANI)

Robert Downey, Jr. a big fan of therapy

London, May 7 (ANI): Robert Downey, Jr. has become a big advocate of therapy, because counselling has changed his life for good.

He says, “I”m a pain in the a**. I don”t think I”m hard to deal with… I”m just a bit of a hard a** about things.

“Therapy is great, therapy just works. You just go in and… sit down and you go, ”His fault!” And then start from there… I fell apart like 10 years ago and now everything is fine.”

Meanwhile, the Iron Man star recently said that he had a tough time shooting for its sequel Iron Man 2, reports The Daily Express.

He said that shooting for the first film was an intuitive process and it was important to have things right for the second. He added that, he hopes the hard work everyone has put into the project comes across on-screen. (ANI)

Smith scares Roosters to victory

A “scary” half-time spray from coach Brian Smith inspired the Sydney Roosters to a fifth victory of the season on Sunday, equalling their record for the whole of the 2009 campaign.

On a sweltering day at Campbelltown Sports Stadium, the Roosters scored a late try through Todd Carney to beat Wests Tigers 12-8 after being on the back foot for most of the second half in a low scoring but entertaining encounter.

It was a brave performance from the Roosters, who trailed a dominant Tigers side for 74 minutes before Carney pounced to score and silence the home supporters.

Smith was reluctant to discuss his half-time rant after the match, but captain Braith Anasta admits he was scared by the sight of his apoplectic coach.

“It was the first time he has sprayed us, we weren’t playing the best, our intensity was not there and it was good that he got up us,” Anasta said.

“It was a bit scary, I haven’t seen him like that before. But it worked, we all got a bit of a rocket and went out there and scored an early try and got back into the game.”

Anasta was put on report for shoving Tigers centre Blake Ayshford to the ground following a melee that started after Nate Myles was harshly penalised for what looked to be an legitimate tackle on Todd Payten.

However, Anasta says he is not worried about the prospect of a suspension.

“I haven’t been put on report for 10 years and I can’t believe I am on report for that, I am not too concerned but we will see what happens,” he said.

“Mylesy’s was a great tackle, I don’t understand why he gave a penalty, it was ridiculous.

“But it was big win for us and I am very proud of the boys.”

Smith says he is delighted with the way his players lifted in the second half and was pleasantly surprised with how his players had responded since his arrival at the club late last year.

“We are not there yet, and are still a long way from becoming a very good team but we are on the right track and and I have been pleased with the way the guys have reacted to us,” Smith said.

“It was pretty tough out there at times but we hung in there and got the late try.”

Smith says he was not overly impressed with the performance of Carney after he was moved from full-back to replace injured half-back Mitchell Pearce.

He feels his side missed Pearce’s on-field influence.

“I thought we were a bit rudderless at times but it is an indication of the high standard of football our guys play at this level,” he said.

“You can have top players like Carney and even (Anthony) Minichiello once or twice, looking out of sorts and looking like they don’t know what they are doing.

“But Toddy will be better for the experience of playing there today.”

Parti Punjabi Malaysia elects first woman president

Kuala Lumpur, May 3 (ANI): Dr Susheel Kaur has become the first woman to be elected as president of the 24 year-old Parti Punjabui Malaysia (PPM).

She was elected unopposed by more than 50 delegates at the party”s biennial general meeting.

A highly qualified lady, Dr Kaur did her Ph D in population geography from Chandigarh University. She has also majored in social impact studies and hopes to use her academic expertise in her new role as Parti President.

She told the New Strait Times that she did not see herself as a politician but felt responsible for the PPM since her father was its founder.

She succeeds cousin Dr Gurdeep Perkash Singh, he has been the PPM President for ten years.

Dr Kaur admitted that the party did not stand on equal ground when compared to other Malay-Indian parties but hopes to change that.

According to Dr Kaur, the reason behind this disparity is because the PPM has failed to gain entry into the ruling coalition, Barison Nasional.

“We have been trying to do this for over 10 years now. Not fewer than six applications were submitted, but all went unanswered. In fact, our latest application was made on February 2. We are still waiting for an answer,” she said.

She added that it was an open secret that an Indian-based party within the BN coalition had opposed the PPM joining the ruling coalition. (ANI)

Wenger against bidding for successful World Cup stars for Arsenal

London, Apr 29(ANI): Arsenal manager Arsene Wenger has said he will not be tempted to buy players who make an impact during the World Cup in South Africa.

“The World Cup will not affect our recruitment. It is dangerous to buy on the back of a World Cup. The prices are artificial and you have to bear in mind that anyone can have three weeks of glory,” The Sun quoted Wenger, as saying.

Wenger, who has been reluctant on spending money and signing new stars, further said that he will add new players early in the summer.

“To have 10 years of success is quite different. With the season drawing to a close, people are inevitably looking to discuss our transfer targets,” Wenger said.

“I do have targets and have been talking to people, but I cannot mention any names at the moment. The earlier you settle your teams for the next season the better it is and the less anxiety you have,” he added.

Wenger’s transfer policy, based on nuturing young talent and not spending big on established players has been criticized, as Arsenal are on the verge of finishing the season without a trophy for the fifth year in a row. (ANI)