Seoul shares slip; falls limited by China gains

July 20, 2010 By Leave a Comment

Retail investors picked up a net 126.8 billion won worth of
shares.

Decliners outnumbered advancers 486 to 302 and 81 issues
ended flat.

Trading volume was 277.7 million shares worth 4.5 trillion
won, compared with 370.4 million shares worth 5.9 trillion won in
the previous session.

The KOSPI 200 Sept futures index KSc1 ended down 1.45
points at 225.60, and the KOSPI 200 spot index .KS200 fell 1.02
points to 225.32.

The junior Kosdaq market .KQ11 ended 0.08 percent lower at
498.49.

Move on day -0.37 percent

12-month high 1,757.76 26 APRIL 2010

12-month low 1,447.11 20 JULY 2009

Change on yr +2.92 percent

All-time high 2,085.45 1 NOV 2007

All-time low 93.10 6 JAN 1981

Filed Under: International News Tagged With: , , , , , , , , , ,

Seadrill Limited: SDRL – Mandatory notification of trade

July 15, 2010 By Leave a Comment

Hamilton, Bermuda, July 14, 2010 – In connection with the Company’s Employee Share
Ownership Plan (ESOP), eligible option holders have exercised options to acquire 1,100
common shares at strike price NOK104.64 per share, 9,300 common shares at strike price
NOK80.97 per share and 35,000 common shares at strike price NOK83.45 per share. To meet
its obligation, the Company has reduced its treasury shareholding from 678,200 shares to
632,800 shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , ,

Seadrill Limited: SDRL – Mandatory notification of trade

July 14, 2010 By Leave a Comment

Hamilton, Bermuda, July 13, 2010 – Hemen Holdings Ltd, which is indirectly controlled by
trusts established by John Fredriksen for the benefit of his immediate family, has
extended TRS agreements relating to 3,9 million shares in Seadrill Limited. The new
expiration of the TRS agreements is 12 October 2010. The exercise price on the
agreements is nok 131.904 per share. Hemen Holding Ltd’s affiliated ownership in
Seadrill is following this transaction unchanged 133.097.583 shares, constituting 32,28
percent of the issued share capital. In addition Hemen Holding hold TRS agreements with
exposure to 3.900.000 shares in Seadrill Limited.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , ,

SAfrica’s bourse open delayed to technical glitch – JSE

July 13, 2010 By Leave a Comment

July 12 (Reuters) – The Johannesburg’s bourse operator, JSE Limited (JSEJ.J), said on Monday the opening of the bourse has been delayed by a technical problem.

It is unclear when the exchange would open, a JSE official said.

“There’s technical problem and the opening has been delayed until further notice.” (Reporting by Tiisetso Motsoeneng; Editing by xx)

Filed Under: International News Tagged With: , , , , , ,

SAfrica’s bourse open delayed to technical glitch – JSE

July 13, 2010 By Leave a Comment

July 12 (Reuters) – The Johannesburg’s bourse operator, JSE Limited (JSEJ.J), said on Monday the opening of the bourse has been delayed by a technical problem.

It is unclear when the exchange would open, a JSE official said.

“There’s technical problem and the opening has been delayed until further notice.” (Reporting by Tiisetso Motsoeneng; Editing by xx)

Filed Under: International News Tagged With: , , , , , ,

GE considers selling Garanti stake in parts: report

July 10, 2010 By Leave a Comment

(Reuters) – General Electric (GE.N) is looking at selling its 20.85 percent stake in Turkish lender Garanti Bank (GARAN.IS) in parts, after an unsuccessful attempt at a block sale, Sabah newspaper said on Friday.

A representative of GE Turkey, Kursat Ozkan, said the sale method to be used was still unclear and work was continuing.

Few banks came forward to publicly declare their interest in the stake after GE said it was up for sale earlier this year.

Analysts speculated that the size of the stake, valued at around $3.8 billion but not giving control of the bank, had limited interest in the sale.

“The block sale of the 20.85 percent stake didn’t look very possible. Therefore, GE gave a message that it might sell the stake in parts. So that method is also being talked about now,” said the unnamed source.

The bank is just under 50 percent publicly traded, while Turkish conglomerate Dogus Group owns 30.5 percent and has first refusal on the stake. It has declined to clarify its intentions.

(Additional reporting by Aali Kandemir; Editing by Simon Jessop)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , ,

UPDATE 1-GE considers selling Garanti stake in parts -paper

July 10, 2010 By Leave a Comment

ISTANBUL, July 9 (Reuters) – General Electric (GE.N) is looking at selling its 20.85 percent stake in Turkish lender Garanti Bank (GARAN.IS) in parts, after an unsuccessful attempt at a block sale, Sabah newspaper said on Friday.

A representative of GE Turkey, Kursat Ozkan, said the sale method to be used was still unclear and work was continuing.

Few banks came forward to publicly declare their interest in the stake after GE said it was up for sale earlier this year.

Analysts speculated that the size of the stake, valued at around $3.8 billion but not giving control of the bank, had limited interest in the sale.

“The block sale of the 20.85 percent stake didn’t look very possible. Therefore, GE gave a message that it might sell the stake in parts. So that method is also being talked about now,” said the unnamed source.

The bank is just under 50 percent publicly traded, while Turkish conglomerate Dogus Group owns 30.5 percent and has first refusal on the stake. It has declined to clarify its intentions. (Additional reporting by Aali Kandemir; Editing by Simon Jessop)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

GE considers selling Garanti stake in parts -paper

July 10, 2010 By Leave a Comment

July 9 (Reuters) – General Electric (GE.N) is looking at selling its 20.85 percent stake in Turkish lender Garanti Bank (GARAN.IS) in parts, after an unsuccessful attempt at a block sale, Sabah newspaper said on Friday.

Few banks came forward to publicly declare their interest in the stake after GE said it was up for sale earlier this year.

Analysts speculated that the size of the stake, valued at around $3.8 billion but not giving control of the bank, had limited interest in the sale.

“The block sale of the 20.85 percent stake didn’t look very possible. Therefore, GE gave a message that it might sell the stake in parts. So that method is also being talked about now,” said the unnamed source.

The bank is just under 50 percent publicly traded, while Turkish conglomerate Dogus Group owns 30.5 percent and has first refusal on the stake. It has declined to clarify its intentions. (Editing by Simon Jessop)

Filed Under: International News Tagged With: , , , , , , , , , , , , ,

Seadrill Limited: SDRL – Mandatory notification of trade

July 6, 2010 By Leave a Comment

Hamilton, Bermuda, July 5, 2010 – Drew Investment Ltd, a company controlled by Seadrill
Director Tor Olav Trøim, has settled a Total Return Swap (TRS) agreement underlying
400,000 shares expiring July 2, 2010 and subsequently entered into a new TRS agreement
with exposure to the same number of underlying shares 400,000. New expiry date is
October 1, 2010, and new TRS price is NOK 123.7428. Trøim’s direct and indirect holding
in Seadrill Limited following this transaction is 635,000 shares. Trøim controls after
this in addition TRS agreements with exposure to totally 400,000 shares in Seadrill
Limited. These numbers remain unchanged after the transaction.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , ,

UAE’s RAK Airways to relaunch by end of 2010

July 2, 2010 By Leave a Comment

July 1 (Reuters) – RAK Airways, a United Arab Emirates based national carrier, would relaunch services before the end of 2010 after halting commercial operations over a year ago, local media said on Thursday.

Tough economic conditions in the wake of the global recession made the airline suspend scheduled services in May 2009, the English daily Khaleej Times reported.

“We are now ready to make a strategic re-entry into the market”, Shaikh Omar bin Saqr Al Qassimi, chairman of RAK Airways, said in a statement to Khaleej Times.

Financial difficulties after the downturn were “now sufficiently abated,” said the chairman of the carrier, which began operating in 2007 but had limited itself to charter services last year. (Reporting by Erika Solomon; Editing by Thomas Atkins)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Seadrill Limited: SDRL – Mandatory notification of trade

July 1, 2010 By Leave a Comment

Hamilton, Bermuda, June 29, 2010 – In connection with the Company’s Employee Share
Ownership Plan (ESOP), eligible option holders have exercised options to acquire 2,000
common shares at strike price NOK104.64 per share and 1,000 common shares at strike
price NOK80.97 per share. To meet its obligation, the Company has reduced its treasury
shareholding from 681,200 shares to 678,200 shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , ,

Electrolux Turns Ocean Garbage Into New Vacuums

June 30, 2010 By Leave a Comment

Electrolux is raising awareness of plastic waste in the oceans by putting plastic collected from waters around the world in peoples’ homes.

The maker of various home appliances is creating a limited number of vacuums made with plastic gathered from oceans and seas, through its Vac From The Sea initiative, to bring attention to how much plastic is ending up in floating around in marine environments and harming animals.

Not only does plastic that is in oceans kill birds and other creatures, but plastic out in the sea breaks down into smaller and smaller pieces over time, bringing with it worries that as fish and other animals eat the bits of plastic, that trash works its way back up the food chain until it ends up on our plates.

The issue of plastic waste in the ocean has now been documented and tracked by a number of groups and awareness initiatives, like 5Gyres and the Plastiki expedition, but this is the first time a company has fused that issue with its products.

Along with awareness of plastic in the ocean, Electrolux is using the campaign to note that the supply of recycled plastic on land is much lower than the demand, noting that is that plastic staying out of the waters, it would more easily find its way into recycled-content consumer products.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , ,

Golden Ocean Group: GOGL – Mandatory Notification of Trade

June 16, 2010 By Leave a Comment

Hemen Holding Limited, a company indirectly controlled by trusts affiliated with John
Fredriksen and his family, has settled a TRS agreement (Total Return Swap) underlying
1,423,001 shares in Golden Ocean Group Limited (“Golden Ocean”) expiring June 14, 2010.
Hemen Holding Limited has subsequently entered into a new TRS agreement with exposure to
the same number of underlying shares. New expiry date is September 14, 2010, and the new
TRS price is NOK 8.8428 per share. Hemen Holding Limited’s affiliated ownership in
Golden Ocean Group Limited is not influenced by the TRS agreements. Drew Investment, a
company controlled by Tor Olav Trøim, has settled a TRS agreement underlying 800,000
shares in Golden Ocean expiring June 14, 2010. Drew Investment has subsequently entered
into a new TRS agreement with exposure to the same number of underlying shares. New
expiry date is September 14, 2010, and the new TRS price is NOK 8.8428 per share. Drew
Investment and Tor Olav Trøims ownership in Golden Ocean is not influenced by the TRS
agreements.

Hamilton, Bermuda

June 15, 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

Filed Under: International News Tagged With: , , , , , , , , , , , , , ,

SDRL – Seadrill launches new mandatory offer for remaining shares in Scorpion

June 5, 2010 By Leave a Comment

HAMILTON, NORWAY, Jun 04 (MARKET WIRE) —

Hamilton, Bermuda, June 4, 2010 – On May 31, 2010, Seadrill Limited
(“Seadrill”) announced the acquisition of a further 9,071,948 shares in
Scorpion Offshore Limited (“Scorpion”) taking its total holding to
45,010,851 shares, representing 50.11 percent of the issued shares in
Scorpion.

As a consequence of the above, Seadrill hereby announces a new mandatory
offer for all of the remaining shares in Scorpion as required by the
Norwegian Securities Trading Act (the “New Offer”).

The offer price in the New Offer is NOK 40.50 per share.

The acceptance period for the New Offer expires on July 16, 2010, at 17:30
CET.

Settlement of the New Offer will take place on July 30, 2010 at the
latest.

For more detailed information on Scorpion and Seadrill, please refer to
the Mandatory Offer document dated May 10, 2010 describing the original
offer (the “Original Offer”) previously circulated to the shareholders in
Scorpion and available on www.seadrill.com and www.carnegie.no.

Shareholders in Scorpion are free to choose between the Original Offer and
the New Offer.

Shareholders who have not, as of today, accepted the Original Offer and
who wish to accept the New Offer are requested to use the acceptance form
attached hereto and submit this to Carnegie ASA before 17:30 CET on July
16, 2010.

Shareholders who have already submitted an acceptance form in relation to
the Original Offer will, unless they contact Carnegie ASA, be assumed to
have transferred their acceptance to the New Offer and will thus be
entitled to receive the offer price of NOK 40.50 per share on the terms of
the New Offer.

Shareholders who wish to accept the Original Offer are requested to
contact Carnegie ASA.

This message will be mailed to all shareholders in Scorpion on record on
June 1, 2010.

Analyst contact
Jim Daatland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

This information is subject of the disclosure requirements acc. to
Section 5- 12 vphl (Norwegian Securities Trading Act)

[HUG#1421802]

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , ,

SDRL – Seadrill launches new mandatory offer for remaining shares in Scorpion

June 5, 2010 By Leave a Comment

HAMILTON, NORWAY, Jun 04 (MARKET WIRE) —

Hamilton, Bermuda, June 4, 2010 – On May 31, 2010, Seadrill Limited
(“Seadrill”) announced the acquisition of a further 9,071,948 shares in
Scorpion Offshore Limited (“Scorpion”) taking its total holding to
45,010,851 shares, representing 50.11 percent of the issued shares in
Scorpion.

As a consequence of the above, Seadrill hereby announces a new mandatory
offer for all of the remaining shares in Scorpion as required by the
Norwegian Securities Trading Act (the “New Offer”).

The offer price in the New Offer is NOK 40.50 per share.

The acceptance period for the New Offer expires on July 16, 2010, at 17:30
CET.

Settlement of the New Offer will take place on July 30, 2010 at the
latest.

For more detailed information on Scorpion and Seadrill, please refer to
the Mandatory Offer document dated May 10, 2010 describing the original
offer (the “Original Offer”) previously circulated to the shareholders in
Scorpion and available on www.seadrill.com and www.carnegie.no.

Shareholders in Scorpion are free to choose between the Original Offer and
the New Offer.

Shareholders who have not, as of today, accepted the Original Offer and
who wish to accept the New Offer are requested to use the acceptance form
attached hereto and submit this to Carnegie ASA before 17:30 CET on July
16, 2010.

Shareholders who have already submitted an acceptance form in relation to
the Original Offer will, unless they contact Carnegie ASA, be assumed to
have transferred their acceptance to the New Offer and will thus be
entitled to receive the offer price of NOK 40.50 per share on the terms of
the New Offer.

Shareholders who wish to accept the Original Offer are requested to
contact Carnegie ASA.

This message will be mailed to all shareholders in Scorpion on record on
June 1, 2010.

Analyst contact
Jim Daatland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

This information is subject of the disclosure requirements acc. to
Section 5- 12 vphl (Norwegian Securities Trading Act)

[HUG#1421802]

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , ,

Three killed in Chhattisgarh coal mine blast

May 7, 2010 By Leave a Comment

Koria (Chhattisgarh), May 7 (ANI): At least three persons, including a deputy general manager, were killed and 32 injured in a blast in the South Eastern Coalfield Limited (SECL) coal mines in Chhattisgarh’s Koria District on Friday.

The SECL coal mine is situated in the Anjani Hills in the Chirmiri area of the District.

According to Koria District Collector Alok Awasthi, the dead were identified as S K Goswami, Nirmal Jangde and Radheshyam.

Six employees working in the mine are still missing, he added.

Fifteen of the 32 injured are critical and have been admitted to the Apollo Hospital in Bilaspur.

The others are undergoing treatment at a divisional hospital in Chirmiri.

Awasthi said that mining at the coal mine has been stopped since Wednesday after a gas leakage, and a team was working to repair it.

While the team was working at the mine on Friday morning, a blast occurred suddenly and its entrance was blocked.

SECL employees and a police team have begun a rescue operation. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , ,

Zardari’s official residence’s 8 mln rupee unpaid gas bills is ‘minor case’ for authority

May 4, 2010 By Leave a Comment

Islamabad, May 4 (ANI): Pakistan President Asif Ali Zardari’s official residence, Aiwan-e-Sadr, has been slapped with a notice over non-payment of gas bills amounting to about 8.12 million rupees.

The Sui Northern Gas Pipeline Limited (SNGPL) has served the notice to the President House over non-payment of gas bills after December 2009. The gas bill from July 2009 to November 2009 is also pending, The News reports.

In normal case, the gas connection is disconnected if the bill is not paid for over three months but the President’s residence continues to get uninterrupted flow of gas even after non-payment for nearly a year.

However, when enquired about the issue, SNGPL General Manager (Islamabad range) Aamir Naseem described it as a ‘minor case’.

“This is a very minor case of non-recovery of the bill and should not be reported in the media. As far as the disconnection notice is concerned, we follow the due process,” Naseem said.

Presidential spokesperson Farhatullah Babar said he is unaware about the issue.

“I do not have the details about the gas bills. However, if there are any arrears they will definitely be deposited,” Babar said. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

European flights back to normal Thurs – Eurocontrol

April 23, 2010 By Leave a Comment

European air traffic was likely to be back to normal on Thursday after the end of almost all restrictions related to the spread of volcanic ash from Iceland, European air traffic agency Eurocontrol said.

Eurocontrol said in a statement it expected 28,000 to 29,000 flights to operate, with a small number of cancellations due to some limited restrictions and logistical problems of airlines.

“At the current time, almost all European airspace is available, with a few exceptions in parts of southern Finland, southern Norway, northern Scotland, and western Sweden,” Eurocontrol said.

(Reporting by Philip Blenkinsop)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , ,

Brisbane apex court told that Dr. Death ”tore patient”s oesophagus”

April 21, 2010 By Leave a Comment

Brisbane (Australia), Apr. 21 (ANI): The Supreme Court in Brisbane was told on Wednesday that Indian-born surgeon Dr. Jayant Patel, who is facing manslaughter charges, accidentally tore a patient”s oesophagus and nicked his jugular vein while performing a major operation at the Bundaberg Hospital.

Dr Emma Igras told the court that she noted on James Edward Phillips” hospital chart that the oesophagus was “inadvertently torn” during the procedure at Bundaberg Base Hospital in May 2003.

The court was told yesterday Patel also cut 46-year-old Phillips” jugular vein, causing blood loss that required four bags of intravenous fluids.

Dr Igras, who assisted Patel during the operation, said the torn oesophagus was “not part of the planned operation” to remove part of Phillips” oesophagus.

However, according to The Age and ABC News, she said she could not comment on whether it affected the outcome of the procedure.

Dr. Igras agreed that the oesophagus is a delicate organ, but said that her “extremely limited” experience with oesophagectomies precluded her from saying whether it was common for them to be torn during these procedures.

Patel, 60, has pleaded not guilty to the manslaughter of Phillips, who died two days after the operation.

He has also pleaded not guilty to the manslaughter of two other patients, and the grievous bodily harm of another man.

The charges relate to his time as director of surgery at the Bundaberg Base Hospital between 2003 and 2005.

The trial continues. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

Afghan Taliban issue video of U.S. soldier Bergdahl

April 8, 2010 By Leave a Comment

The Afghan Taliban issued a video on Wednesday of an American soldier captured last summer that showed him him saying “please bring me home.”

The video of Idaho National Guard Private Bowe Bergdahl was posted and described by SITE Intelligence Group, which monitors websites used by extremist groups.

The Afghan Taliban had previously issued a video of Bergdahl on Christmas Day.

“I’m a prisoner. I want to go home. You know, the Afghanistan men who are in our prisons want to go home too. Let me go. Get me to come home. Release me,” Bergdahl says, according to SITE.

The video ends with Afghan Taliban spokesman Zabihullah Mujahid saying his group demands the release of a limited number of prisoners in exchange for Bergdahl’s release, SITE said.

A Pentagon spokeswoman said: “We have seen reports of the video but we have not seen the video.”

(Reporting by Tabassum Zakaria; Editing by Eric Beech)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,
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