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- Investec full-year earnings fall
JOHANNESBURG, MAY 17 - South African investment bank and asset manager Investec posted a 25.9 percent decline in full-year earnings due to bad loans hitting its Australian unit and a weak performance by its investment banking arm. Investec, which is also listed in London, said diluted adjusted earnings per share totalled 30.1 pence in the year through March, compared with 40.6 pence a year earlier. Investec warned in March adjusted and headline earnings per share would decline as much as 27 percent. ...
- IHT Rendezvous: In China, Female Boxers Strike a Blow
For 305 women gathered at the Women's World Boxing Championships in Qinhuangdao, a seaside town about three hours' drive east of Beijing, shorts ruled. And fists flew. The championships are historic, with women's boxing debuting as an Olympic event at the London Games.
- Afghanistan mulls Islamic bonds, fearing Western cash cutback
KABUL (Reuters) - Afghanistan, which has only a semblance of a capital market, intends to sell Islamic bonds as it braces for a possible sharp fall in Western financial support as the war against the Taliban winds down, a senior central bank official said this week. The official said the sale of short-term Islamic bonds, also known as sukuk, is still in the planning stage, but could be a new way of raising money for the government. ...
- Venezuelan-born academic named president of MIT
CAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...
- Fugitive penguin 337 spotted alive in Tokyo Bay
TOKYO (Reuters) - After Penguin Number 337 made a daring bid for freedom from a Tokyo aquarium and vanished into the waters of Tokyo Bay two months ago, many feared the worst for the adventurous feathered fugitive. But the one-year-old Humboldt penguin has now popped up on video footage in a different part of the bay, frolicking in the water and apparently healthy. The penguin, still too young to determine whether it is male or female and thus known only by a number, scaled a rock wall four metres (13 ft) high and squeezed through a barbed wire fence to escape its harbourside aquarium in ...
- Copper rises after four-day slide, fragile gains
SINGAPORE (Reuters) - London copper edged higher for the first time in five sessions on Thursday with a firmer euro aiding its bounce from four-month lows in the previous session amid a deepening debt crisis in Europe exacerbated by political instability in Greece. The modest gains in copper suggests many investors are wary of bidding up prices aggressively given the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. FUNDAMENTALS * Three-month copper on the London Metal Exchange gained 0. ...
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