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IT firm iGate sacks CEO over undisclosed relationship

Tue, 21 May 2013 18:02:46 +0800

By Sumeet Chatterjee and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. Murthy had led several initiatives to improve the performance of the Fremont, California-based company, including charging clients for business results instead of man hours, the billing method more commonly used by IT outsourcing firms. ...

Baronda Maluku ready to invite tourists to Maluku Islands

Tue, 21 May 2013 01:00:00 +0800

A young man, whose aspiration is to put his homeland back on the map of recommended holiday destinations, has invited 10 well-known travelers to the Maluku Islands, so they could tell the world about it.

Chinese PM vows to open up markets to India

Tue, 21 May 2013 16:43:29 +0800

Visiting Premier Li Keqiang promised Tuesday to open China's vast domestic market wider to Indian businesses and narrow a gaping trade deficit, a longstanding irritant with New Delhi.

EM ASIA FX-Taiwan dollar, won lead Asia FX gains; Bernanke in focus

Tue, 21 May 2013 15:20:10 +0800

* Taiwan dlr up on foreign investors, exporters; c.bank caps * Won up on offshore funds, exporters; interventionsuspected * Baht firm on inflows, short-covering; rate cut views limit (Adds text, updates prices) By Jongwoo Cheon SEOUL, May 21 (Reuters) - The Taiwan dollar and the SouthKorean won led gains among emerging Asian currencies on Tuesday,as investors covered short positions in regional units beforeFederal Reserve Chairman Ben Bernanke's congressional testimonyand on a strong Chinese yuan. ...

Pulsing European beach city named top summer destination

Tue, 21 May 2013 00:35:11 +0800

Barcelona’s Mediterranean weather, cosmopolitan offerings, beaches and pulsing music and outdoor festival scene have made the Spanish city the top summer destination for users of the popular crowd-sourced travel guide Gogobot.

EDITORIAL: What to do when human life is as cheap as a new T-shirt

Tue, 21 May 2013 13:40:03 +0800

Taipei (The China Post/ANN) - "This is not the first time girls have been burned alive in the city. Every week I must learn of the untimely death of one of my sister workers. Every year thousands of us are maimed. The life of men and women is so cheap and property is so sacred. ...

EDITORIAL: Reliance on remittances

Tue, 21 May 2013 13:40:02 +0800

Manila (Philippine Daily Inquirer/ANN) - For the past five years, the Philippines has dodged the recession plaguing the developed world mainly because of the billions of dollars sent home by some 10 million Filipinos living or working abroad. But the picture is no longer that rosy. Last week, the Bangko Sentral ng Pilipinas (BSP or central bank) reported that in March, remittances from overseas Filipinos grew at their slowest pace in nearly four years.

App Annie: "Google Play is growing very fast in Southeast Asia"

Sat, 18 May 2013 19:08:20 +0800

Beijing’s App Annie is growing rapidly with over 80 team members located at Beijing, Hong Kong, Tokyo, San Francisco, and London. Today it serves over 220,000 apps with 85 percent of the top 100 iOS publishers ...

Barclays ups Philippines' growth estimates

Tue, 21 May 2013 12:00:03 +0800

Manila (Philippine Daily Inquirer/ANN) - Barclays has raised its 2013 growth forecast for the Philippines as it expects the economy to post one of the fastest growth rates among emerging markets in Asia.

Philippine House of Reps to push charter change

Tue, 21 May 2013 12:00:03 +0800

Manila (Philippine Daily Inquirer/ANN) - With a firmer grip on Congress, Philippine President Benigno Aquino III is expected to push for changes in foreign equity restrictions to attract more capital in order to create more jobs and reduce poverty incidence.

China, India can build trust: Li

Tue, 21 May 2013 12:00:02 +0800

New Delhi/Beijing (China Daily/ANN) - Border disputes and trade friction cannot prevent China and India from building strategic mutual trust and cooperation, Premier Li Keqiang said during his visit to India on Monday.

Obama urges Myanmar to stop violence against Muslims

Tue, 21 May 2013 10:18:46 +0800

By Paul Eckert WASHINGTON (Reuters) - President Barack Obama urged the president of Myanmar on Monday to halt violence against a Muslim minority but praised economic and political reforms in the formerly pariah nation that is emerging as a U.S. ally in China's backyard. During the first visit to the White House in 47 years by a leader of the Southeast Asian nation, Obama called for an end to the killings of Rohingya Muslims in western Myanmar's Rakhine state. Reformist Myanmar President Thein Sein vowed to resolve ethnic conflicts and bring perpetrators to justice. ...

Philippines - Market factors to watch on May 21

Tue, 21 May 2013 08:48:30 +0800

MANILA, May 21 (Reuters) - Following is a list ofcompany-related and market news that could affect the localmarket. ---------------- MARKET SNAPSHOT AT 0011 GMT -------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1666.29 -0.07 -1.18 USD/JPY 102.21 -0.05 -0.05 10-YR US TSY YLD 1.96 -0.37 -0.01 SPOT GOLD 1387.44 -0.40 -5.60 US CRUDE 96.57 -0.14 -0.14 DOW JONES 15335.28 -0.12 -19.12 ASIA ADRS 147.88 0.62 0. ...

Singapore Stocks - Factors to watch on May 21

Tue, 21 May 2013 08:24:29 +0800

SINGAPORE, May 21 (Reuters) - Following is somecompany-related and market news which could have an impact onthe local market. ----------------------MARKET SNAPSHOT @ 0013 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1666.29 -0.07% -1.180 USD/JPY 102.22 -0.04% -0.040 10-YR US TSY YLD 1.9594 -- -0.005 SPOT GOLD 1387.41 -0.40% -5.630 US CRUDE 96.57 -0.14% -0.140 DOW JONES 15335.28 -0.12% -19.12 ASIA ADRS 147.88 0.62% 0. ...

Gay marriage law strains UK Cameron's leadership, government

Tue, 21 May 2013 06:31:54 +0800

By Andrew Osborn LONDON (Reuters) - British Prime Minister David Cameron's flagship gay marriage policy deepened a rift in his own party on Monday after many of his own lawmakers defied him in a sign of growing strains on his leadership and his coalition government. Almost 40 percent of Cameron's 303 lawmakers in the lower house of parliament voted for an ultimately unsuccessful amendment that would have allowed registrars to refuse to perform gay marriage ceremonies if they objected. ...