200 injured at rally against Italian high-speed rail link

CHIOMONTE (Italy): Around two hundred people, mainly police officers, were injured as officers clashed with masked protesters at a rally against a high-speed rail link in northern Italy, police said.

Clashes between protesters and police left at least 188 officers and about a dozen demonstrators hurt, said officials, after a small group stormed a tunnel which was part of the work site at Chiomonte, west of Turin.

Scuffles between protesters and a heavy police presence continued throughout the day yesterday, with a steady exchange of tear gas, stones and molotov cocktails.

Police arrested at least five people and Italy’s President Giorgio Napolitano condemned the violence.

Police blamed the trouble on hundreds of masked leftist “black block” extremists from Italy and neighbouring countries.

Protest organisers said tens of thousands of demonstrators had gathered peacefully from surrounding regions to stop the construction of the planned tunnel in the Susa valley.

But a small band broke away from the main group of protestors to enter the gated work site guarded by hundreds of police, who put the number of demonstrators at about 6,000.

The project, agreed by Italy and France in 2001, would slice three hours off the current seven-hour train journey between Paris and Milan. But the development has provoked fierce opposition, not least among 23 local mayors.

In a statement, President Napolitano condemned what he said was the work of groups “trained in illegal violence.”

He was joined by Prime Minister Silvio Berlusconi and figures across the political spectrum.

Police were out in force yesterday as authorities had expected more trouble from radical groups within the protest movement after similar clashes last week.

Twenty-five policemen and four protestors were slightly injured on June 27 when a demonstration at the same spot turned violent and police responded with tear gas.

Before yesterday’s events, the leader of the “No Tav” (No to the high-speed train) movement, Alberto Perino, said demonstrators would have “bare hands and clean hands, against those whose hands are neither bare nor clean”.

Work on the main 58-kilometre tunnel, of which 12 kilometres are in Italy, is scheduled to begin in 2013 and due to go into service around 2023.

Arrest warrant for Zia’s eldest son over bomb attack on Hasina

DHAKA: A Bangladeshi court on Sunday issued arrest warrants for the fugitive eldest son of former premier Khaleda Zia and 17 others over a 2004 grenade attack on an Awami League rally that killed 24 people and injured some 300 people, including Prime Minister Sheikh Hasina.

46-year old Tarique Rahman, who is now in London on a government parole for treatment since 2008, has been indicted for abetting one of the worst political violence in the country in decades that led to severe injury to one of Hasina’s ears.

Chief metropolitan magistrate Enamul Haque issued the arrest warrants for Rahman and 17 others for the attack on the rally of Hasina on August 21, 2004.

CID earlier today formally charged Rahman, the senior vice president of main opposition Bangladesh Nationalist Party (BNP), and 29 others of the attack after an “extended investigation” into the case.

“We have submitted the supplementary chargesheet after an extended investigation into the case,” CID’s special superintendent Abdul Kahhar Akhand told PTI.

Rahman is also an accused in several other criminal and graft cases pending for trial.

Akhand said their re-investigations suggested that operatives of militant Harkatul Jihad al Islami (HuJI) carried out the attack, which was backed by several stalwarts of the earlier BNP-led four-party coalition government and security and police officials.

Akhand said their protracted investigations had found the involvment of former state minister for home Lutfuzzaman Babar, Zia’s political secretary Haris Chowdhury, former minister and Jamaat-e-Islami leader Ali Ahsan Mujaheed and incumbent BNP lawmaker fugitive Mofazzal Hossain Kaikobad.

The arrest warrant for Rahman comes weeks after a court sentenced his younger brother Arafat Rahman Koko to six years in prison for money laundering.

Nikkei posts fifth day of losses; eyes on yen

July 22 (Reuters) – Japan’s Nikkei slipped 0.6 percent to its fifth straight day of losses and a three-week closing low on Thursday, hurt by a stronger yen after Federal Reserve Chairman Ben Bernanke expressed concern about the U.S. economy.

Investors awaiting the results of European bank “stress tests” later this week were closing positions, while the yen’s rally hit shares of exporters.

The benchmark Nikkei .N225 shed 57.95 points to 9,220.88, its lowest close since July 2, while the broader Topix lost 0.5 percent to 825.48.

Goldman cuts India’s HPCL to neutral

July 15 (Reuters) – Goldman Sachs said on Thursday it had downgraded Indian refiner Hindustan Petroleum Corp (HPCL.BO) to “neutral” from “buy”.

“Following a sharp rally in the state-owned oil stocks after commencement of fuel pricing reforms, we find the risk-reward for our conviction ideas less compelling than before,” it said in a note.

Goldman also removed Bharat Petroleum Corp (BPCL.BO), and Oil & Natural Gas Corp (ONGC.BO) from its conviction list, but retained a “buy” on these stocks. (Reporting by Ami Shah)

Bookies see Europe stocks extending rally

July 12 (Reuters) – Financial bookmakers expect to see the leading European benchmark indexes rising on Monday, adding to last week’s strong rally, as robust exports data from China helped boost sentiment about the global economy.

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 30 to 33 points higher, or as much as 0.6 percent, Germany’s DAX .GDAXI to open 28 to 31 points higher, or as much as 0.5 percent, and France’s CAC-40 .FCHI to open 16 to 19 points higher, or as much as 0.5 percent.

(Reporting by Blaise Robinson)

TREASURIES-Inch up, but 10-yr yield off 1-mth low

June 25 (Reuters) – U.S. 10-year Treasuries inched higher in Asian trade on Friday, pushing the 10-year yield back towards a one-month low hit the previous day.

Bonds

* Treasuries seem to be caught in a tug-of-war between traders betting that the 10-year yield could drop towards 3 percent and other market players that think the rally has gone far enough, said Junji Kojima, senior deputy manager for Sompo Japan Insurance’s global securities investment department.

* “I don’t think it would be a surprise if the 10-year yield makes a try for 3 percent, given the way momentum has been picking up,” Kojima said, referring to the recent rally in Treasuries.

* But Kojima added that he doubted that any such drop in yields would last that long. Current Treasury yield levels seem to be factoring in the possibility of a double-dip U.S. recession, he said, adding that such a scenario seems unlikely at this point.

* Ten-year Treasury notes rose about 3/32 in price to yield 3.123 percent US10YT=RR, down around 2 basis points from late U.S. trade on Thursday. The 10-year yield hit a one-month low of 3.065 percent on Thursday. A fall to below 3.064 percent would take the 10-year yield down to its lowest since April 2009.

* The 10-year yield has declined roughly 10 basis points this week, partly on concerns that the U.S. economy may be relapsing into weakness after a short and tepid recovery from the worst recession since the 1930s.

* Ten-year note futures edged up 2.5/32 in price to 121-13/32 TYv1. (Reporting by Masayuki Kitano; Editing by Joseph Radford)

China stocks rise 0.1 pct, investor enthusiasm wanes

June 22 (Reuters) – China’s key stock index closed up 0.1 percent on Tuesday, inching to a fresh three-week high although investor enthusiasm waned about potential yuan appreciation as the currency retraced after a rally against the dollar.

Shanghai shares had surged on Monday in their biggest one-day rise in four weeks after the central bank relaxed currency controls and unexpectedly allowed the yuan CNY=CFXS to reach its highest against the dollar since a July 2005 revaluation.

The Shanghai Composite Index .SSEC ended at 2,588.7 points, holding steady after Monday’s 2.9 percent gain.

The country’s stock market remains one of the world’s worst performers this year, however, down 21 percent after authorities unleashed a range of policies to ease speculation in the red-hot property sector.

“The index appears to be trying to get past psychological resistance at 2,600 but has been unable to break through,” said Zhang Qi, an anaylst at Haitong Securities.

Gaining Shanghai shares outnumbered losers 595 to 262 while volume eased to 66 billion yuan ($9.71 billion), in one of the three lightest sessions of the past four months, versus Monday’s 81 billion yuan. ($1=6.796 Yuan) (Reporting by Chen Yixin and Edmund Klamann)

European stock index futures signal falls

June 17 (Reuters) – European stock index futures pointed to a lower open on Thursday, halting a six-session rally as investors remained cautious ahead of a Spanish bond auction.

Stocks | European Markets | Global Markets

By 0604 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were down 0.1 to 0.2 percent. (Reporting by Harpreet Bhal)

European stock index futures signal more gains

June 16 (Reuters) – European stock index futures pointed to a higher open on Wednesday, as stocks were poised to rise for a sixth straight session, mirroring a strong rally on Wall Street.

Stocks | European Markets | Global Markets | Financials

By 0603 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 were up 0.5-0.9 percent.

On Wall Street on Tuesday, the S&P 500 .SPX added 2.4 percent, turning positive for the year and rising above its 200-day moving average for the first time in a month, a milestone that could be seen as a signal the recent downtrend may be nearing an end. (Reporting by Blaise Robinson)

Bookies see Europe stocks extending rally

June 16 (Reuters) – Financial bookmakers expected to see the leading European benchmark indexes rising on Wednesday, climbing for a sixth session in a row and tracking a strong rally on Wall Street.

Stocks | European Markets | Global Markets | Financials

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 43 to 45 points higher, or as much as 0.9 percent, Germany’s DAX .GDAXI to open 26 to 32 points higher, or as much as 0.5 percent, and France’s CAC-40 .FCHI to open 30 to 31 points higher, or as much as 0.9 percent.

The S&P 500 turned positive for the year on Tuesday and rose above its 200-day moving average for the first time in a month, suggesting the recent downtrend may be nearing an end.

(Reporting by Blaise Robinson)

Bookies see Europe stocks adding to recovery rally

June 14 (Reuters) – Financial bookmakers expected to see the leading European benchmark indexes rising on Monday, gaining ground for the fourth consecutive session, buoyed by gains on Wall Street and in Asia.

Stocks | European Markets | Global Markets | Financials

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open around 35 points higher, or 0.7 percent, Germany’s DAX .GDAXI to open around 40 points higher, or 0.7 percent, and France’s CAC-40 .FCHI to open around 15 points higher, or 0.4 percent.

(Reporting by Blaise Robinson)

Blast at Kenya rally injures at least 24 – media

June 13 (Reuters) – A blast at a Kenyan prayer meeting including church leaders and politicians campaigning against a proposed new constitution injured at least 24 people, local media reported on Sunday.

The Kenya Television Network (KTN) reported that there were two blasts at the Uhuru Park.

“We have so many people injured and we have reports that one person may have lost his life…,” Agriculture Minister William Ruto, who was at the prayer meeting, told KTN. Police officials were not immediately available to comment.

Kenyans are due to vote on the new constitution in a referendum on Aug. 4.

Euro falls to 4-year low versus dollar

June 1 (Reuters) – The euro fell to a 4-year low versus the dollar on Tuesday, as fears the euro zone debt crisis may spread to its banking system hit sentiment and as stop-losses were targeted.

The euro EUR= fell to $1.2116, its lowest level since April 2006. Traders said stop-losses from hedge funds were targeted under the previous low at $1.2143.

Technical analysts also highlighted the break below key support at $1.2135, the 50 percent retracement of the 2000-2008 rally in the single currency.

GJM state plan has tribals too

In a U-turn, the Gorkha Janamukti Morcha on Sunday said it was withdrawing its proposal for an interim set-up, scheduled to be taken up at the next tripartite meeting and wanted a separate state.

GJM chief Bimal Gurung told a rally at a school campus, five km from here, that they would henceforth carry on the movement for a separate state which would be known as the ‘Gorkha-Adivasi Parishad’ and not Gorkhaland.

The new pradesh will include the Terai region, the entire Dooars region and Siliguri, the GJM leaders announced.

The demand will be placed formally before the Central government soon, Bimal Gurung, president of the Morcha announced.

Among others who addressed the rally were Amar Lama, Roshan Giri, Harka Bahadur Chetri, Benoy Tamang, all Morcha central committee members, and Jaswant Singh, Darjeeling MP, who is all set to re-join BJP.

“The new state will have Gorkhas and Adivasis in it and for this we have talked to the Adivasi Kalyan Parishad of North Bengal. They have agreed to our proposal and we have told them that while we will have the state headquarters at Darjeeling, a branch of the headquarters will be set up at Jalpaiguri too,” Gurung said at the rally that was attended by about one lakh people.

Jaswant Singh, who came to Darjeeling about one month back and got a very lukewarm reception from the Morcha, said that he was in favour of Gorkhaland Adivasi Pradesh. “My support for this legitimate demand of the people of Darjeeling will remain,” Singh said.

The GJM has also called off the 10-day bandh it had called from June 12 to June 21. “The people of the hills have suffered a lot following the death of Madan Tamang and that is why we cancelled this bandh,” Gurung said.

The central committee of the Morcha will meet on June 14 and will decide on its next course of action, according to the Morcha leaders.

Defensive Jagan in Delhi to meet Sonia

New Delhi, May 31 (IANS) Under fire for violating the party leadership’s directive and going ahead with a rally in Andhra Pradesh’s volatile Telangana region, Congress MP Y.S. Jaganmohan Reddy is here hoping to meet party president Sonia Gandhi.

The Kadapa MP, whose rally last week led to violence in the Telangana region, defended himself, saying he organised it was for his father, the late chief minister Y.S. Rajasekhara Reddy who died in a helicopter crash last year.

‘Whatever I’m doing is for my father. I’m sure the Congress president will understand my point,’ the MP, known as Jagan, told reporters here.

Jagan, who reached the capital Sunday to attend a meeting of the Parliamentary Standing Committee on Finance, has sought an appointment with Gandhi and other senior party leaders, said party sources.

The central leadership of the party had asked him not to conduct the rally in Telangana in view of the tension prevailing there over the separate statehood issue.

Congress leader and Finance Minister Pranab Mukherjee Friday asked Jagan to call off his rally.

Defying the directive, Jagan embarked on the rally May 28, triggering violence between his supporters and opponents as he was taken into preventive custody while on his way to Mahbubabad in Warangal district.

Jagan reiterated that the rally was to console family members of those who committed suicide or died of shock following the death of his father, then chief minister, in a helicopter crash last year.

Jagan defensive, says rally was for father

New Delhi, May 31 (IANS) Congress MP Y.S. Jaganmohan Reddy Monday defended his controversial rally that triggered violence in Telangana region in Andhra Pradesh and said it was for his father, the late Y.S. Rajasekhara Reddy who died in a helicopter crash last year.

‘Whatever I’m doing is for my father. I’m sure the Congress president will understand my point,’ the Kadapa MP, known as Jagan, told reporters here.

The son of the former Andhra Pradesh chief minister, who reached the national capital Sunday to attend a meeting of the Parliamentary Standing Committee on Finance, has sought an appointment with Congress president Sonia Gandhi and other senior party leaders, said party sources.

The central leadership of the party had asked him not to conduct the rally in Telangana in view of the tension prevailing there over the separate statehood issue.

Senior Congress leader and Finance Minister Pranab Mukherjee had Saturday asked Jagan to call off his rally.

Defying the directive, Jagan embarked on the rally May 28, triggering violence between his supporters and opponents as he was taken into preventive custody while on his way to Mahbubabad in Warangal district.

Jagan reiterated that the rally was to console family members of those who committed suicide or died of shock following the death of his father, then chief minister, in a helicopter crash last year.

BSE Sensex rises 1.5 pct; Ambanis’ cos rally

The BSE Sensex rose 1.5 percent early on Monday, with Reliance Industries leading the rise after the Ambani brothers made a reconciliation move over the weekend.

Both groups said they aim to reach a conclusion soon for a gas supply agreement between Reliance Industries and Reliance Natural Resources that had been at the heart of their dispute.

At 9:01 a.m. (0331 GMT), the 30-share BSE index was up 1.5 percent at 16,685.33 points, with 25 components advancing.

Shares in energy major Reliance Industries, controlled by Mukesh Ambani, rallied more than 5 percent.

Anil Ambani led Reliance Infrastructure and Reliance Communications were up 5.3 and 7.4 percent respectively.

The 50-share NSE index was up 1.4 percent at 5,000.90.

(Reporting by Ami Shah)

(For more business news on Reuters Money visit http://www.reutersmoney.in)

Shares in Ambanis’ cos rally after brothers end non-compete pact

Shares in Reliance Industries, controlled by Mukesh Ambani, rose 4 percent in opening deals on Monday after the billionaire Ambani brothers took a step towards reconciliation in their long-running feud.

The brothers will now be free to compete on each other’s turf, with the exception of gas-fired power plants, removing a source of friction between the two conglomerates.

Telecoms firm Reliance Communications, controlled by Anil Ambani, gained 6 percent, while financial services firm Reliance Capital added 7 percent.

Reliance Natural Resources, also controlled by Anil Ambani, jumped 20 percent.

(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)

(For more business news on Reuters Money visit http://www.reutersmoney.in)

Red-Shirts burnt 36 buildings in Bangkok after failed agitation

Bangkok, May 21 (ANI): Bangkok is in a state of anarchy following the Thailand government’s forced eviction of the UDD demonstrators’ rally site that has left 52 dead in the last six days.

The damage wreaked by disgruntled Red-Shirts has far exceeded the Government’s projections.

Parts of Bangkok’s glitzy commercial centres are now barely recognizable, as they have been gutted by fires started by the looters and arsonists.

Thirty-six buildings were burnt in Bangkok alone, some of them, such as the CentralWorld shopping centre, that sustained massive damage in the fire that raged on for 20 hours.

Meanwhile, the establishment maintained that there was no scope for a resolution, “The Prime Minister never said he would sit down to talk. He said the [time for] negotiation had passed,” the Bangkok Post quoted the country’s deputy Prime Minister Korbsak Sabhavasu, as saying. (ANI)

Thailand’s tourism sector loss put at 120 billion baht

Bangkok, May 20(ANI): Thailand’s tourism industry experts have claimed that the Red-Shirts’ anti-government rally could cause the sector about 120 billion baht in lost revenue.

“The political turmoil will drive away foreign tourists. The number of foreign arrivals this year is expected to drop by 10 per cent to between 12.7 million and 14.1 million,” The Bangkok Post quoted Kongkrish Hiranyakij, Chairman Federation of Thai Tourism Industries, as saying.

He further said the number of foreign tourists was expected take a 20 percent dip in the second and third quarters of the year, bringing projected revenue down from 600 billion baht to only 480 billion baht this year.

The industry, which supports six percent of Thailand’s economy and employs 15 percent of the country’s workforce, has been hammered by the nine-week political turmoil and rioting.

Nearly 1,800 people have been wounded in the period as the government, backed by Thailand’s royalist establishment, and the protesters with their support from the rural masses and ousted premier Thaksin Shinawatra, failed to find common ground. (ANI)