Saturday, July 31, 2010

GLOBAL MARKETS-Stocks climb on Bernankes rate speak dollar falls

Wed Feb 24, 2010 12:58pm EST

* Stocks gain after Bernanke says rates to remain very low

Currencies

* US dollar slips vs euro on news of record-low home sales

* Bonds gain on relief rally after Bernanke comments

* Oil jumps over $80 a barrel as dollar weakens (Updates with close of European markets)

By Herbert Lash

NEW YORK, Feb 24 (Reuters) - Global stocks rose and theU.S. dollar fell on Wednesday after Federal Reserve ChairmanBen Bernanke reaffirmed his commitment to keep U.S. interestrates at exceptionally low levels for an extended period.

Oil prices bounced more than $1 to over $80 a barrel asBernanke"s testimony before a congressional committee buoyedhopes that low interest rates will spur the economy, despitebearish U.S. crude inventory figures. For details see:[ID:nSGE61N078]

U.S. Treasury prices rose on Bernanke"s comments, whichgave bond investors added relief after the Fed"s surprisediscount rate hike last week raised fears that an increase inthe fed funds rate would happen sooner than initially thought.

"The market is relieved the Fed will keep rates low for anextended period of time," said Cary Leahey, economist atDecision Economics in New York. "The market had been afraidthat the Fed might be close to hiking policy rates."

MSCI"s index of world stocks .MIWD00000PUS gained about0.2 percent.

The euro EUR= rose as high as $1.3626 at one point andlast traded at $1.3570, up about 0.45 percent.

Shortly after midday, the Dow Jones industrial average.DJI was up 84.95 points, or 0.83 percent, at 10,367.36. TheStandard Poor"s 500 Index .SPX was up 9.02 points, or 0.82percent, at 1,103.62. The Nasdaq Composite Index .IXIC was up22.87 points, or 1.03 percent, at 2,236.31.

Sectors that were worst hit by Tuesday"s sell-off reboundedto lead the way up, including financials and technology.

European shares also eked out gains on Bernanke"s comments.The FTSEurofirst 300 .FTEU3 pan-European index of top sharesclosed up 0.2 percent to 1,013.66 points. Banks gained amidwhat is proving to be a generally positive reporting season forthe sector.

"People are still nervous about financials, and the Greekand European solution," said Colin McLean, managing director atScottish Value Management in Edinburgh. "And some of theresources shares may have peaked. And the key characteristic inthe market is low volumes."

Investors had taken a wait-and-see approach this weekbefore Bernanke started his semiannual testimony on monetarypolicy and the state of the economy before the U.S. HouseFinancial Services Committee.

Bernanke said a weak job market and low inflation arelikely to warrant exceptionally low levels of the key federalfunds rate for an extended period of time. [ID:nN23153536]

Bernanke told lawmakers that he stood prepared to continuesupporting the economy with extraordinary stimulus for sometime, but also argued the Fed possesses a broad array of toolsto remove such accommodation when the time is right.

"The Fed is trying to back away from its liquidity measuresand to reduce its balance sheet somewhat, but the Fed is goingkeep rates low for an extended period," said John Canally,investment strategist at LPL Financial in Boston.

"By keeping that language, that"s what helping the marketsfrom the new home sales number," Canally said.

The Commerce Department reported that sales of newly builtU.S. single-family dropped to a record low in January,suggesting potential trouble for the fragile housing marketrecovery [ID:nN24373288]. Wall Street had trimmed early gainson the data, and the dollar fell against the yen and euro.

U.S. Treasuries also erased modest losses.

New U.S. home sales dropped 11.2 percent to a 309,000 unitannual rate in January, the lowest level since records startedin January 1963.

Benchmark 10-year Treasury notes US10YT=RR, which weredown 3/32 just before the new home sales report and Bernanke"stestimony, were up 3/32 to yield 3.68 percent.

Oil bounced over $1 to over $80 as comments from Bernankekept hopes for low interest rates to spur the economy and hurtthe dollar.

U.S. crude for April CLc1 was up 93 cents to $79.79.London ICE Brent LCOc1 was up 75 cents at $78.00. U.S. crudetouched a high of $80.13 while Brent reached $78.42.

Gold fell as the dollar weakened against the euro.

Spot gold prices XAU= fell $3.60 to $1,098 an ounce. (Reporting by Luciana Lopez, Ellen Freilich in New York;George Matlock, Jo Winterbottom, Ian Chua and Harpreet Bhal inLondon; writing by Herbert Lash; Editing by Leslie Adler)

Currencies

Wednesday, July 28, 2010

Starved baby died whilst in caring of doctors and amicable workers

Laura Pitel & , : {}

A baby boy died after being starved for days while under the care of at least nine doctors, social workers and health visitors, it emerged yesterday.

The emaciated body of the ten-month-old boy was found in his family flat in northwest London, on March 8.

His mother, 29, was arrested on suspicion of child neglect but died two days later. She was HIV-positive and her death was thought to be the result of a rare brain condition linked to her illness.

A post-mortem examination was carried out on the boy this month but the cause of his death has not yet been established, Scotland Yard said.

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But an internal review by Central and North West London NHS Foundation, which was leaked to a national newspaper, said: Post-mortem results on the infant showed that he had no food in his gut at all and so had not eaten for several days at least. However, there is evidence of a long period of malnourishment.

A serious case review has been launched into the circumstances surrounding his death.

The boy, who was said to have had developmental difficulties, a serious underlying health condition and a history of being underweight, was reported to have been seen at least 15 times by care professionals in the six months before he died.

The agencies involved were thought to be Westminster City Council social services, two health trusts and a consortium of London boroughs providing health visitors. Westminster council said that the baby boy and his older sister were not on its child protection register.

Michael OConnor, Westminster Councils strategic director for children and young people, said: They were under the care of the health service and social services were working closely with health professionals to help support them.

Neither of the children were on the child protection register and there is no suggestion that they were at risk of harm from neglect or abuse.

The boys mother was rehoused in London in September after claiming that she had been assaulted by the childrens father, The Daily Mail reported.

The woman, for whom English was not her first language, was said to have avoided contact with care workers by claiming that using an interpreter to question her would have led to her HIV-positive status becoming known.

Nickie Aiken, Westminsters Cabinet member for children and young people, said: I have been assured by my officers that there was no reported risk of abuse or neglect in this case. But I want to know why this child was being seen by nine NHS professionals and why things were not flagged up earlier.

Terry Bamford, chairman of Westminster Local Safeguarding Children Board, said: This is an extremely tragic case and our thoughts are with the surviving family members. A serious case review will now be conducted by somebody completely independent of all the agencies who had contact with the family.

When we have investigated the full circumstances that led to the babys death, we will be able to determine if anything could have been done to help prevent it. The review will make recommendations if any changes in policies and procedures are necessary.

Tuesday, July 27, 2010

Jose Reina reveals he unequivocally is screw of the conviction at Liverpool Liverpool

Tony Barrett & , : {}

The subject was loyal and, given Liverpools travails on and off the representation this season, it was additionally entirely justified. There was something about being asked if committing his long-term destiny to a bar who are in risk of veering off march represented a scapegoat that burnished Pepe Reina up the wrong way.

The Liverpool goalkeeper looked his examiner in the eye, his glisten suggestive of the kind he would customarily save for a defender who has cost him a purify piece with a last-minute inapplicable designation and, after a duration postponement to pick up his thoughts, he answered.

Why is it a sacrifice? Reina said. It is not a sacrifice. I am unequivocally unapproachable and propitious to be here. It is about principles. I dont know how to insist it really, but it is a feeling. I felt longed for from the commencement here. It is not regularly about being rival or to be in the greatest club, but being at the right club. I think Liverpool is the right bar for me.

I am happy here and I think the bar is happy, too. I have been articulate with my mother and we dont see any improved place to go. It is personal and professional, the preparation of my daughter, it is a bit of everything. Liverpool is one of the most appropriate clubs in the world.

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Whatever happens, either we are in the Champions League or the Europa League, it is still Liverpool, no make a difference what. It will regularly be similar to this. I see no reason to leave.

Spoken similar to a loyal screw of the faith, in each sense. It is small wonder, therefore, that Reina is being increasingly noticed by the Liverpool hierarchy and on the Kop as not usually one of the excellent exponents of his traffic but additionally as a genuine personality of men. As such, the new stipulate that the 27-year-old is set to sign, that will keep him at Anfield until 2016, is seen as a means for celebration, quite at a time when there are couple of positives to get vehement about.

It was a unconditionally opposite unfolding this time last year when Liverpool had degraded Real Madrid 4-0 in the Champions League prior to winning 4-1 afar to Manchester United. Tomorrow they revisit Old Trafford seeking for a fourth unbroken win over their greatest rivals, but in the believe that whilst they have designs usually on the Europa League and a probable top-four finish, Sir Alex Ferguson is aiming for the Champions League and a jot down nineteenth joining title.

I unequivocally disbelief we will ever be means to repeat the week that we had at this time last year, Reina said. It is unsatisfactory what has happened given then. United are fighting for the pretension and we are fighting for fourth place, but that is how it is and we have to be positive. I am not perplexing to kick them to stop them from winning the league, but to assistance us get fourth place.

While Reina is expected to have to frustrate Wayne Rooney if Liverpool are to mount a possibility of violence the Barclays Premier League leaders, United will know that Fernando Torres, who has scored 4 goals in his past dual games, is the greatest hazard to their hopes of avenging last years complicated defeat.

Although an suitor of Rooney, Rafael Benítez, the Liverpool manager, insists that he would not be peaceful to barter his star brazen for Uniteds. Not really, Benítez said. Fernando is a illusory player, so is Rooney. Theres no disbelief Rooney is very, really good. But Fernando is the player, the fans love him and we wish to keep him for a really prolonged time.

For us, Fernando is really important. If he had been fit all this season, afterwards the opening to the tip would have been smaller, that is clear.

Europa League draw

Quarter-finals: Benfica v Liverpool; Fulham v Wolfsburg; Hamburg v Standard Liège; Valencia v Atltico Madrid.

• First legs to. be played on Apr 1; second legs on Apr 8.

Semi-finals: Hamburg or Standard Liège v Fulham or Wolfsburg; Valencia or Atltico Madrid v Benfica or Liverpool.

• First legs to be played on Apr 22; second legs on Apr 29.

hair wig

Accounts repository lay unclothed miseries of Francos forced work camps

Graham Keeley, Madrid & , : {}

Ticket for dual bottles of divert for a ill restrained from a red stay on doctor"s orders. So reads the brief, relief note, hammered with the sign of the troops authority at Fraga prison, in Huesca. The date: Feb 23, 1938.

It reveals zero of the predestine of the different Republican restrained or either the dual bottles of divert were sufficient to save his life.

Instead, the note forms piece of the accounts kept on one of the 132 thoroughness camps and 541 forced work battalions over that General Franco presided during and after the Spanish Civil War.

Today, for the initial time, kin of those hold in the camps will find how an armed forces of faceless polite servants done certain that the books were offset evoking comparisons with the potency of their Nazi counterparts when hundreds of files go on arrangement at the Historical Memory Documentary Centre, in Salamanca.

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A reduction of official torpor and counsel stonewalling by officials meant that the writings remained dark in supervision repository until the 2007 Law of Historical Memory eventually gave calibrate to the victims of the Franco dictatorship.

Behind the thousands of pages detailing monthly payments in cool, isolated tones are the stories of as most as 500,000 prisoners. Among them were Britons, Germans, French, Polish and a little Jews.

The repository show how the prisoners of fight were customarily kept in the thoroughness camps, whilst domestic detainees were sent to tougher work battalions.

Thousands of Republican prisoners worked on the building a whole of scores of projects, together with the Valley of the Fallen, the huge monolith nearby Madrid, where General Franco was buried in 1975.

Simple numbers on the yellowing writings discuss it chilling stories: when Huelva thoroughness camp, in Andalusia, non-stop in Feb 1938 it hold 3,202 prisoners. By the time it sealed in July, usually 662 remained alive.

Some writings exhibit how the predestine of the prisoners mostly depended on the humanity of stay commandants. One battalion, that enclosed 303 foreigners, was set to work rebuilding the locale of Belchite, in Aragon.

The month prior to we could not cut down the reserve for the stores, remarkable the commandant, who appeared reluctant to cut rations further. In contrast, the commandant of Miranda de Ebro camp, in Burgos, available assets of 14,277.6 pesetas. It appears that he was not concerned to outlay it on prisoners.

The annals emerged from the Court of Audit after Francisco Espinosa, a historian, in use a counsel to force the authorities to concede him access.

A orator for the Court of Audit denied that researchers were prevented from accessing the records.

hair wig

Monday, July 26, 2010

Wayne Rooney earnings to lead Manchester United conflict opposite Milan Football

Wayne Rooney

Wayne Rooney, graphic in precision with Manchester United this week, harmed his knee during England"s new feat over Egypt at Wembley. Photograph: Jason Cairnduff/Action Images

Sir Alex Ferguson betrothed a fully-committed, aggressive opening from his side in tomorrow"s Champions League initial knock-out turn second-leg opposite Milan, where they will be safeguarding a 3-2 value from the initial assembly at San Siro.

They will be aided by the lapse of Wayne Rooney, who longed for Saturday"s 1-0 Premier League win over Wolverhampton Wanderers with a knee problem. But Ferguson reliable that Wes Brown, who was harmed in that game, will be out for 4 to 6 weeks.

"He is fit," Ferguson pronounced of Rooney. "There is a fast alleviation from Saturday sunrise since on Friday dusk I didn"t think he had any chance. It"s great news. He is a hazard to any one at the moment."

Ferguson insisted that his side would not simply find to urge the value gained in the initial leg. "We"re going to fool around the normal diversion and that includes aggressive and regularly has," he said. "I don"t think we should be confused by the 3-2. It"s a really formidable diversion for us, and we"ll provide it as such. We"re anticipating to kill the tie by the own aggressive abilities but Milan have to score, that should have it a some-more open match."

Ferguson additionally referred to he was unhappy to win the initial leg by only a singular goal, after Clarence Seedorf scored for Milan with five mins remaining. "The initial fifteen mins was the great spell for them and the bad spell for us," he said. "Once we recovered we played really well and should may be have killed the compare in the second half."

Ferguson did not mention the inlet of Brown"s injury, but the full-back was well known to have harm his feet after a plea with the Wolves midfielder Matt Jarvis, and left Molineux wearing a protecting boot. There have been rumours that the England general had suffered a damaged metatarsal.

The four-to-six-week timescale is at slightest great headlines for England, with Brown at large approaching to be piece of Fabio Capello"s patrol for the World Cup after personification at right-back opposite Egypt last week.

"Unfortunately, his career has been blighted with injury," pronounced Ferguson. "He has got an additional one and will be out for 4 to 6 weeks but I goal I can get him behind for a little of the season."

In further to Brown, Anderson (knee), Ryan Giggs (arm) and John O"Shea (leg) are additionally out of tomorrow"s game.

Sunday, July 25, 2010

Jaguar Land Rover annals $59 million profit

Robert Lea & , : {}

After years in the red, Jaguar Land Rover has completed a $59 million (�38.7 million) distinction for the last entertain of 2009.

The company, right away Britains largest car industry employer, pronounced that the lapse to the black had come among a recuperating marketplace in oppulance cars, corroborated by the own well-received new models. An amalgam of dual of Britains majority important motoring marques, the company, that employs a staff of 14,500, was paid for by Indias Tata Motors from Ford, of America, for $2.3 billion in the summer of 2008.

Tata pronounced that volumes in the last 3 months of 2009 had increasing by twenty-eight per cent compared with the duration in between Jul and September, big rises being available in North America, Europe and China.

Land Rover was up 34 per cent after certain patron greeting to new vehicles, whilst the XF helped Jaguar to climb by 11.5 per cent.

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Despite ultimate sales interpretation that shows Land Rovers tellurian sales some-more than tripled in Jan from the same month last year to 13,295 and that Jaguar sales some-more than doubled to 2,974 over the same period, there is some-more cost-cutting to come.

Carl-Peter Forster, the new arch senior manager of Tata, is set to confirm that of the plants in the West Midlands will close. This will be equivalent partly by plans to emanate 800 jobs on Merseyside where the LRX, the new Range Rover, will be built.

Jaguar Land Rovers finance management were bolstered this week by acknowledgment of �340 million investigate financing from from the European Investment Bank.

Saturday, July 24, 2010

Portsmouth glance in to the endless hole as Victor Cattermole understanding recedes Football

Fratton Park, Portsmouth

One of the dual settled impending investors has spoken he will not buy in to Portsmouth brazen of Monday"s high justice hearing. Photograph: Daniel Hambury/Empics Sport

Portsmouth began the majority vicious 7 days of their 112-year story by pang a complicated blow to their hopes of flourishing when Victor Cattermole, one of the ­partiesinterested in shopping the club, ruled out receiving over prior to Monday"s winding‑up petition.

Cattermole"s company, Endeavor Plan, was declared by Portsmouth as one of dual impending buyers in the matter of affairs demanded by the high court. ­Speaking from New Zealand Cattermole told the Guardian: "In an preferred universe we would similar to to squeeze the bar prior to Monday, but we will not be rushed. The hapless thing is putting anything together in commercial operation takes time. Most processes similar to this cannot be rushed."

Cattermole pronounced he does keep an seductiveness in shopping Portsmouth, even if he competence have to wait for until the outcome of ­Monday"s hearing. Had he the monetary to take over? "Yes, we hold we do," Cattermole said. "It"s a formidable routine – that"s piece of the due industry process."

In a minute to Peter Storrie sent last week Cattermole sensitive Portsmouth"s arch senior manager that he would need thirty days" due diligence. He is examining ­paperwork, per a intensity ­takeover. He said: "We"ve essentially been going by report daily. I am vocalization with Balu ­[Balram Chainrai, the owner]."

Portsmouth are about £60m in debt and need at slightest £22m to go on as a going regard until the finish of the season. This predicament, and the fractured inner governing body of the club, would crop up to have purchasing Portsmouth a clearly homely proposition. But Cattermole insists he wishes to buy. He said: "Every tender can be noticed in most opposite ways. You competence see a total bucket of debts and problems; when you mangle down in to parts where [the club] stands and when you begin to mangle it down in to small portions I see opportunities – you have to see at the certain side."

Cattermole pronounced that were he to buy he would adopt a opposite proceed from the stream regime: "We would plan to go brazen with a opposite plan over a five-year period. ­Moving to personification somewhere else, construction an additional track is one option.

"Everyone agrees the track is as well small," he pronounced of Fratton Park"s 20,688 capacity. "As a outcome it seems utterly costly to await the club. I"d rather see some-more fans ancillary the club, means to watch the group at home for a reduce cost for a ticket."

A South African consortium is the alternative settled meddlesome party. But Cattermole is unmotivated per any intensity opposition and refused to contend either he believed the South African consortium is serve brazen in negotiations. "I haven"t thought about it. If they come by or any one else come by and we miss out that"s usually life."

Chainrai was in talks yesterday and last night that were approaching to go on today. A orator for Chainrai said: "Mr Chainrai and Mr Kushnir [his commercial operation partner] are you do all they can to reach a end that will secure the long-term destiny of Portsmouth Football Club."

Chainrai has settled that if a new customer or financier cannot be found afterwards he will step in to save the bar himself.

Portsmouth"s fortitude suffered a serve blow yesterday when Sulaiman ­al-Fahim, who owns 10% of the club, quiescent from the house and as ­non-executive ­chairman. He said: "This is a village bar and should be owned by the fans and supporters. They should be concerned and have full clarity in their club. The supporters should have a contend in it. And the bar should be managed with monetary transparency."

Fahim plans to give his 10% share to the Pompey Supporters Trust, so that the club"s fans can change Portsmouth"s future. But the move has caused fluster on the south coast, as it is accepted that the South African consortium instruct to ­purchase the full 100%.

A certitude orator said: "We have usually listened from Sulaiman by the media and are astounded as usually last week he was observant he longed for to buy the bar again."

Portsmouth were additionally due to compensate a monthly PAYE and National Insurance check of £1.8m yesterday. It was misleading if these monies had been paid but if the bar unsuccessful to encounter the joining it would usually break Portsmouth"s box at the high justice when it fights for presence since the strange apply to was brought by HM Revenue and Customs for a PAYE, inhabitant word and VAT check of £12.1m.