Not all weak China local-govt loans sure to sour

July 27 (Reuters) – Not all the loans to local government financing vehicles that Chinese banks have identified as being at risk of default will in fact turn sour, a source at China’s banking regulator said on Tuesday.

The source, who declined to be identified, was responding to media reports that about 23 percent of the 7.66 trillion yuan ($1.13 trillion) that banks had lent to local governments, mainly to finance infrastructure, could become non-performing. [ID:nTOE66P032]

He said banks could mitigate credit risk by, for example, requiring the borrowers to set aside more collateral.

The estimate of the percentage of loans at risk was based on the banks’ own investigations at the behest of the China Banking Regulatory Commission, the source added. (Reporting by Zhou Xin and Simon Rabinovitch; Writing by Alan Wheatley; Editing by Jacqueline Wong)

UPDATE 2-Blaze hits Dutch Rabobank tower, probes underway

AMSTERDAM, June 27 (Reuters) – Firefighters in the Dutch city of Utrecht put out on Sunday a fire that raged in one of two new towers being built for Dutch bank Rabobank [RABO.UL] as its headquarters.

Rabobank is the country’s largest retail savings bank and has recently set its sights on substantial expansion in India and China as well.

The tower had never been at any risk of collapse, however, despite earlier media reports that it could come down, a fire brigade spokesman said.

The fire broke out overnight on the tower’s top two floors and a gas bottle exploded two hours later at about 0415 CET (0215 GMT) with a few dozen firefighters inside the building.

“This caused us immediately to abandon the building and get everyone out and ensure no one was missing, but fortunately there were no injuries,” the fire brigade spokesman said. Firefighters later fought the blaze from the adjacent tower, bringing the fire under control at about 6:30 a.m. local time (0430 GMT).

The brigade spokesman said it was unclear what had caused the fire and investigations were continuing.

Firefighters, police and the construction company are also assessing the extent of the damage, working from both inside the building and using images taken earlier by a police helicopter.

Rabobank [RABN.UL] is building the new towers at a cost of 200 million euros just down the street from the central train station in Utrecht, the Netherlands’ fourth-largest city.

“It is clear there is significant damage and we are taking into account the possibility of significant costs,” Rabobank spokesman Rene Loman said, adding however that the building is insured.

According to a presentation on the bank’s website, the towers are meant to have 27 floors each and reach to a height of 105 metres (345 ft).

Employees were due to start moving in early next year, with the official opening planned for mid-2011.

“Rabobank takes into account that there will be a delay,” Loman said, but said any estimate on the costs and length of the delay cannot be made until investigations have been completed. (Additional reporting by Aaron Gray-Block)

Man shot at, robbed by bikers

New Delhi, June 5 — Two bike-borne assailants shot at a 40-year-old businessman and robbed him in northwest Delhi on Friday night, the police said. “The incident was reported from Ranjit Singh Road, located in the Adarsh Nagar area, at 9.30 p.m.,” said a senior police officer on condition of anonymity, as he was not allowed to talk to the press. The police identified the victim as Rajinder Kumar Jain, a resident of Inderlok who is a shoe retailer. “Jain was returning from a friend’s wedding with his family, when the two bike-borne assailants overtook him and attempted to stall him,” the officer said. According to the police, they assailants then started threatening Jain with dire consequences and shot him in his right arm when he talked back. “The duo brandished a country-made pistol during a heated exchange with the businessman and shot at him when he refused to get intimidated and attempted to drive away,” said the officer.

“According to Jain, robbery was not the duo’s intent. We have registered a case and investigations into the matter are under way,” the officer added.

Case against Andhra minister for ”assaulting” realtor

Hyderabad, Jun 6 (PTI) An Andhra Pradesh minister has been booked for allegedly assaulting a realtor following a dispute over laying a drainage pipeline, police said today. On a complaint by real-estate businessman S Ram Reddy, Banjara Hills police last night registered a case against Health Minister Danam Nagender, a local Congress corporator and her husband under sections 448 (trespass) and 506 (criminal intimidation) of IPC, they said.

According to police, Reddy was constructing a building on Road No 12, where a drainage pipeline was being laid. However, Banjara Hills corporator B Bharati and her husband Baba Naik arrived at the construction site yesterday and reportedly told the workers to stop the work saying it was illegal.

Reddy further complained that following a phone call from the corporator and her husband, the minister arrived at the site along with his supporters and indulged in an heated argument asking him to stop the work and allegedly assaulted him, a senior police officer said. Meanwhile, following a counter complaint lodged by the corporator, the police have also registered a case against the realtor under section 509 (word, gesture or act intended to insult the modesty of a woman) of IPC. Further investigations were on in both the cases, the police officer added.

Pak Army Major arrested over alleged links with failed Times Square bomber

Los Angeles, May 19 (ANI): Pakistani security agencies have reportedly arrested an Army major, who is said to have had contacts with Faisal Shahzad, the US civilian of Pakistan origin accused of plotting the botched Times Square bombing.

It is for the first time that a Pakistan Army official has been linked directly in the failed bombing plot, however, authorities are mum on the major’s links with Shahzad.

Sources privy to the arrest said that the military official had met Shahzad and that both had frequent chats over the cellphone also, The Los Angeles Times reports.

Meanwhile, US and Pakistani agencies continue to investigate Shahzad’s terror trail, and the truth behind his claims that he had met the Tehreek-e-Taliban Pakistani (TTP) chieftain Hakimullah Mehsud during one of his many visits to the extremist stronghold North Waziristan.

Shahzad, who appeared in a court in New York on Tuesday, has told U.S. investigators that he had gone to North Waziristan, where he met with Taliban leaders and got training in bombmaking.

According to Pakistani and US officials briefed about the investigations, Shahzad had likely visited Mohmand, a lawless tribal region along the Pakistan-Afghanistan border which is considered as the hub of the Taliban and other extremist outfits. (ANI)

Dwindling testosterone levels ‘behind reduced sleep in middle-aged men’

Washington, May 15 (ANI): Decreased testosterone is to be blamed for reduced sleep in middle-aged men, according to a researcher.

At 30 years old, male testosterone levels drop by one to two percent annually. By age 40, men”s quality of sleep begins to diminish. And according to Zoran Sekerovic, a graduate student from the University of Montreal Department of Psychology, who presented his findings at the annual conference of the Association francophone pour le savoir (ACFAS), their exists a relationship between the two.

Sekerovic discovered a link between testosterone levels in men over 50 and their quality of sleep – specifically less deep sleep i.e. Phases III and IV of the slumber cycle.

“Deep sleep is when the recuperation of body and mind is optimal,” says Sekerovic, adding his is the first study to find this correlation.

In young men, deep sleep represents 10 to 20 percent of total sleep. By age 50, it decreases to five to seven percent. For men over 60, it can disappear altogether. The study didn”t find any correlation with other parts of the sleep cycle: falling asleep, Phases I and II, or paradoxical sleep, when most of dreaming occurs.

The University of Montreal researcher explains that men in their 20s don”t have such a correlation because their neuronal circuits are intact. “With age, there is neuronal loss and the synchronization of cerebral activity isn”t as good, which is why there is a loss of deep sleep. Because deep sleep requires great synchronization,” says Sekerovic. “Low levels of testosterone intensify the lack of synchronization and can explain 20 percent of men”s inability to experience deep sleep.”

Sekerovic suggests dwindling testosterone levels are what impact sleep, not vice-versa, as other studies have suggested. He adds previous investigations measured daily fluctuations in testosterone levels, which are higher in the morning.

“The loss of deep sleep is a serious problem that could be treated with testosterone. That would be tremendous progress,” says Sekerovic. “But hormone therapy can have secondary effects. Therefore, it will be essential to better understand the mechanisms leading to the loss of deep sleep.” (ANI)

US teacher accused of ignoring pupils engaged in oral sex in packed classroom

Melbourne, May 13 (ANI): California school authorities are looking into an incident where a teacher allegedly ignored two students engaged in oral sex in a packed classroom.

According to US TV channel KTLA, the incident involving an eighth-grade boy and a seventh-grade girl took place at Haydock Intermediate School in Oxnard, California, when students were watching a film, reports News.com.au.

Students are said to have filmed the sex act on their cell phones and also took photos.

The teacher who is believed to have disregarded the sex act has been sent on paid administration leave while investigations are competed.

The two students allegedly involved in the controversy are still attending the school. (ANI)

Malaysian Indian woman rejects cheating charge, faces trial

Kuala Lumpur, May 11 (IANS) A Malaysian Indian woman entrepreneur Tuesday rejected the charge of cheating a corporate body, which she headed, and opted for a trial.

Former Maju Institute of Educational Development (MIED) CEO P. Chitrakala Vasu was charged in the Kuala Lumpur Sessions Court Tuesday with three counts of cheating

The corporate body was cheated of about RMN four million ($1.24 million).

The court allowed her bail a day after she was formally arrested and interrogated by the Malaysian Anti-Corruption Commission (MACC), Star Online, website of The Star reported.

MACC director of investigations Mustafar Ali said Chitrakala was called to the commission headquarters and was arrested when she arrived at 2.30 p.m. Monday.

It is learnt that the 39-year-old spent a couple of hours at the MACC headquarters where her statement was recorded.

MIED is the education arm of the Malaysian Indian Congress (MIC) that distributes scholarships among the ethnic Indian students.

Vasu was once close to Malaysian Indian Congress (MIC) president S. Samy Vellu. But the two fell apart over control of MIED funds.

Patient, doc knocked out by giant lamp during surgery

London, May 10 (ANI): It has emerged that a hospital patient woke up requiring more surgery than he bargained for after a giant lamp fell on him as he underwent surgery.

The patient was sedated at the time of the incident, but the surgery had to be halted as the surgeon performing the op also suffered concussion and had to receive treatment himself.

When the patient came round he found he needed even more treatment for a split lip and facial injuries.

Health chiefs have launched an urgent probe into why the 30lb lamp broke free as it was moved during the op, and all other lamps at Glan Clwyd Hospital in North Wales and neighbouring hospitals have been checked for similar faults.

“We are very sorry that this incident occurred and that one of our patients suffered an injury as a result,” the Sun quoted a spokesman as saying.

“The surgeon has since contacted the patient at home to explain what occurred and offered our sincere apologies.

“Investigations revealed that a screw had worked loose on the swivel bracket that holds the lamp,” he added.

The patient had the operation a week later. (ANI)

FBI team swoops into Pak to probe Shahzad’s botched terror plot trail

Washington, May 8 (ANI): A special Federal Bureau of Investigation (FBI) team has reached Pakistan to probe links between confessed New York bomb plotter Faisal Shahzad and terror groups operating from that country, and also to look into the possibility of whether the Times Square bombing plot was financed by these banned outfits or not.

According to a US official privy to the investigations, a probe is on to determine the source of money Shahzad put into use to plot the failed bombing.

A former official briefed on the investigations, while speaking on conditions of anonymity due to the sensitivity of the issue, said Shahzad may also have obtained the money through ‘Hawala’, an informal money-transfer network popular in South Asia and the Middle East.

“There is a lot of money. To get that kind of money, the theory is you have someone help you move it,” The Washington Post quoted a senior law enforcement official, as saying.

He also disclosed that Shahzad had brought with himself about 80,000 dollars to the US during foreign trips he made between 1999 to 2008.

As the investigation continues, US officials are verifying Shahzad’s claims of meeting top leaders of the Tehreek-e-Taliban Pakistan (TTP), which had claimed responsibility for the failed attack but backtracked later.

A senior Pakistani official, who is associated with the probe, said that as of now there was no evidence to prove that Shahzad had met TTP chieftain Hakeemullah Mehsud, but there are strong indications that 30-year old bomber was in touch with Jaish-e-Muhammed (JeM), the banned Al-Qaeda linked terror groups which primarily focuses on India. (ANI)

US piling up pressure on Pak to act over botched Times Square bombing investigations

Washington, May 6 (ANI): The United States is piling up pressure on Pakistan to follow the leads being provided to it over the attempted Times Square bombing with substantial action.

In a series of meetings and telephonic conversations with the Pakistani leadership, the Obama Administration has made it very clear that Islamabad would have to act after ‘clear links’ were established with Pakistan in the failed bombing plot.

Addressing a press briefing here, Assistant Secretary of State Philip Crowley said Washington has been in constant touch with Islamabad regarding the investigations, and that it has specifically been told what it should do.

“The purpose of the meetings was to inform Pakistan that there are clear links to Pakistan and that we would fully expect them to do what they should do and what they have been doing. Whatever leads are generated here in the United States … we would fully expect Pakistan to follow up on,” Crowley said.

“Pakistan, as you are seeing, has already taken its own steps. I”ll defer to the Pakistani government to describe what it is doing,” he added.

Crowley said US Ambassador to Pakistan Anne Patterson had detailed meetings with President Asif Ali Zardari, Foreign Minister Shah Memmood Qureshi and also talked to Interior Minister Rehman Malik over the issue.

President Obama’s Special Envoy to Afghanistan and Pakistan Richard Holbrooke also had a telephonic conversation with Qureshi, The Dawn reports.

When asked whether the US was satisfied with the action initiated by Pakistan, Crowley said : “I think it’s more a matter of what we do from this point forward.”

Crowley also clarified that the White House has not given Islamabad any list of things it wanted it to concerning the botched bombing attempt, but added that Washington will make specific requests as the probe proceeds.

“I expect we will make specific requests of Pakistan in terms of cooperation,” he said.

Crowley said that the attempt to bomb Times Square had “international implications” and the United States expected Pakistan to help explore those implications. (ANI)

Pak would help US to trace Shahzad’s background: Haqqani

Washington, May 6 (ANI): Pakistan’s Ambassador to the United States Hussain Haqqani has said that Islamabad would work extensively to establish and trace the background of Faisal Shahzad, the American citizen of Pakistan’s origin accused of plotting the failed Times Square bombing plot.

In an interview to the CNN, Haqqani said investigations are already on in Pakistan, and that it would do all it can to help the US agencies in their probe.

“We will retrace all his (Shehzad’s) steps. There is a major effort underway right now as we speak and there are teams working in Pakistan, which are trying to put together all kinds of evidence,” Haqqani said.

Earlier, Haqqani had described Shahzad as a “misguided individual.”

“An overwhelming majority of Pakistani Americans share the aspirations of civilized people everywhere for a terror-free world and should be seen as allies against the misguided individuals who undertake or plan acts of terror,” Haqqani had said.

Shahzad, 30, was arrested on Tuesday while trying to board a plane to Dubai. Soon after his arrest, media reports said eight to ten people had also been arrested in Pakistan in connection with the failed bombing plot. However, Interior Minister Rehman Malik has denied any arrests being made in Pakistan in the case.

US officials said Shahzad has admitted to his role in the bombing plot, and added that he had received bomb-making training in Pakistan’s restive tribal region along the country’s border with Afghanistan. (ANI)

It’s ‘premature’ to say if Shehzad had links with Pak Taliban: Pak Army

Lahore, May 6 (ANI): While US officials have said that Faisal Shehzad, the main accused behind the foiled Times Square bombing plot, received bomb making training in Pakistan’s restive tribal region of Waziristan, the Pakistan Army has said it is premature to say that he had visited the region unless a link between him and the Taliban is established.

Inter-Services Public Relations (ISPR) chief Major General Athar Abbas said those links are yet to be established.

“Unless a link is established, it will be premature to say that he had gone there,” The Daily Times quoted Abbas, as saying.

According to US officials privy to the investigations Shehzad, son of a former Pakistan Air Force (PAF) Chief Air Vice Marshal Baharul Haq, has already admitted to receiving terror training in Waziristan during his five-month trip to the country earlier this year.

When asked about the Tehreek-e-Taliban Pakistan (TTP) taking the responsibility for the botched up bombing plot, Abbas said : “As for the TTP claim, anybody can claim anything.” (ANI)

Times Square bomb plotter is of Kashmiri descent: Officials

Washington, May 5 (ANI): Faisal Shahzad, an American civilian of Pakistani origin, who has been accused of plotting last week’s failed Times Square bombing, is said to be of Kashmiri descent, sources close to the investigations have revealed.

Sources privy to the probe said 30-year old Shahzad had been living in the US for quite some time and had renewed his Pakistani passport in March 2000 and by 2005 was in the process of getting a ‘green card’, i.e. a permanent resident status of the United States.

They said the authorities are still unsure over whether Shahzad had links with any of the terror groups operating from terror hot beds situated in Pakistan.

“Which group he may have belonged to and how he became radicalised, we don’t know yet. He is Kashmiri by ethnicity,” The News quoted an official associated with the investigation, as saying.

According to US officials Shahzad has admitted to his role in the failed bombing plot, adding that he had received bomb-making training in Pakistan’s restive tribal region along the country’s border with Afghanistan. (ANI)

Times Square bomb plotter a “disturbed individual”: Pak Embassy

Washington, May 5 (ANI): The Pakistani Embassy in Washington has described Faisal Shahzad, an American civilian of Pakistani origin who was accused of plotting the failed Times Square bombing, as a “disturbed individual.”

Assuring the US of all help in investigations, the Pakistan Embassy’s spokesperson, Nadeem Haider Kiani, said initial reports suggested that Shahzad is a “ disturbed individual.”

“It”s too soon to tell exactly what motivated the bomber,” Kiani said.

Kiani also parried questions about reports regarding some men being arrested in Pakistan in connection with the terror plot, saying he was ‘unaware’ about any such development.

Earlier, Pakistan’s Ambasssador to the US, Hussain Haqqani said Islamabad is ready to lend all support to Washington in the probe, and hinted at Shahzad being a “misguided individual.”

“An overwhelming majority of Pakistani Americans share the aspirations of civilized people everywhere for a terror-free world and should be seen as allies against the misguided individuals who undertake or plan acts of terror,” The News quoted Haqqani, as saying.

Shahzad, 30, was arrested on Tuesday while trying to board a plane to Dubai. Soon after his arrest, media reports said eight to ten people had also been arrested in Pakistan in connection with the failed bombing plot.

US officials said Shahzad has admitted to his role in the bombing plot, and added that he had received bomb-making training in Pakistan’s restive tribal region along the country’s border with Afghanistan. (ANI)

Pak assures US of full cooperation in Times Square bombing plot investigations

Lahore, May 5 (ANI): Pakistan Foreign Minister Shah Mehmood Qureshi has assured the Unites States of full cooperation in investigations regarding the failed Times Square bombing plot.

During an interview to a private television channel, Qureshi said during his meeting with US Ambassador to Pakistan Anne Patterson, he has assured her that Islamabad would play its due role investigations concerning the arrest of Faisal Shahzad, an American civilian of Pakistani origin accused of plotting the failed bomb attack.

Earlier, Interior Minister Rehman Malik also vowed to cooperate with Washington in the case.

“We will cooperate with the US in identifying this individual and bringing him to justice,” The Daily Times quoted Malik, as saying.

Shahzad, 30, was arrested on Tuesday while he was trying to board a plane to Dubai. Soon after his arrest media reports said that eight to ten people had also been arrested in Pakistan in connection with the failed bombing plot.

Earlier, US officials said Shahzad has admitted to his role in the Times Square bombing plot, saying he had received bomb-making training in Pakistan. (ANI)

Pak terror links found in failed Times Square bombing plot

New York, May 4 (ANI): US investigators probing Saturday night’s failed bomb attempt at the Times Square are probing the possibility of a ‘naturalized American citizen’ being involved, who was in Pakistan for several months and had returned to America recently.

According to sources, federal authorities have confirmed ‘foreign links’ in the failed bombing plot.

Senior Obama administration officials told Fox News that the latest investigations support the suspicion that there was a foreign connection behind the terror plot.

Sources said evidence includes international phone calls made by the person, who has not been identified publicly.

“Don”t be surprised if you find a foreign nexus. They”re looking at some tell-tale signs and they”re saying it”s pointing in that direction,” said a senior White House official.

It may be noted that the Pakistan Taliban has already claimed the responsibility for the bombing plot.

Meanwhile, the last owner of the Nissan Pathfinder, which was found abandoned loaded with crude explosives at the Times Square, has told the investigators that he had recently sold the SUV to a “Middle Eastern” or “Hispanic” looking man for 1,300 dollars.

Earlier, for the first time the White House confirmed that the plot was a ‘terrorist act’.

“I think that we have made really substantial progress. Ultimately this investigation will be successful and the people responsible for that attempt will be found and brought to justice,” Attorney General Eric Holder told reporters. (ANI)

Jharkhand residents protest against police over civilian death

Bendi (Jharkhand), May 3 (ANI): Inhabitants of Bendi village in Jharkhand”s Latehar District on Sunday blocked railway traffic on the Barwadih-Barkakana route and staged a demonstration against police over a civilian”s death.

The protestors claimed that the police killed a woman named Jayanti Devi and injured another villager during a gunfight with suspected Maoist rebels on Tuesday.

They shouted slogans against the police and demanded an explanation from authorities on the incident.

“Police have killed a woman of Ladi village and we are protesting and blocking the track against the killing… Innocent people must not be victimised. We know that the police is fighting Maoist rebels, but why do they kill innocent people and we need an explanation from them,” said Rajdeo Singh.

The police refuted the charges.

“When we receive any information, then we go for investigations…but the police never target or fire at any innocent villager,” said Ajit Peter Dungdung, Deputy Superintendent of Police, Latehar.

Jharkhand is one of the Indian states badly affected by Maoist violence.

Thousands of paramilitary troops have been scouring the jungles in east and central India to take on Maoist rebels, who say that they are crusading against the establishment for the poor. (ANI)

We are co-operating with BCCI, other bodies: Kings XI

New Delhi, April 29 (IANS) Kings XI Punjab said Thursday that the franchisee is co-operating with Income Tax (IT) department and the Board of Control for Cricket in India (BCCI) in investigations over the ownerhsip details of the Chandigarh-based Indian Premier League (IPL) team.

‘The franchisee, KXIP, is co-operating completely with the BCCI and all the relevant regulatory bodies. It would be inappropriate to comment beyond this at this moment. In the interim, we request media not to resort to unsubstantiated allegations and frivolous speculation,’ Kings XI said in a statement.

IT officials Wednesday questioned officials of KPH Dreams Private Limited, which owns Indian Premier League (IPL) team Kings XI Punjab. The questioning went on for nearly five hours.

Earlier, a team of IT officials visited the storehouse-cum-office of Kings XI Punjab in Mohali town in Punjab April 23 to verify some documents.

These moves were prompted by the recent controversies in the IPL over new Kochi franchise and questions being raised about the sources of its funds.

Mother and sons killed in highway smash

Police are appealing for witnesses to a road smash that claimed the lives of three people in the Lockyer Valley west of Brisbane on Monday afternoon.

Three members of a family were killed when their car collided with a semi-trailer.

Early investigations suggest the family sedan crossed into the path of a B-double truck on the Warrego Highway near Gatton shortly after 2:00pm AEST.

A 45-year-old woman and her sons, aged eight and 17, died at the scene.

The truck driver was not seriously hurt but was flown to a Brisbane hospital for treatment.

Police say the family was returning to Ipswich from a day trip to Toowoomba.

“They didn’t stand a chance and, as I said, remarkably one person has survived this accident,” Acting Inspector Peter McFarlane said.

The driver of the car was flown to hospital with head injuries.