• 'British soldier' butchered in suspected Islamist attack

    Two men wielding knives and a gun murdered a man believed to be a British soldier near a London barracks, before delivering an Islamist tirade to passers-by.

    Prime Minister David Cameron, condemning the "appalling" attack, added: "There are strong indications that it is a terrorist incident."

    Eyewitnesses described how two men attacked a man in the street in broad daylight with knives and a gun. They then stayed at the scene, asking passers-by to photograph and film them.

    Armed police shot and wounded the two attackers after bystanders had called them to the scene.

    Amateur footage of one of the men carrying a blood-stained knife and meat cleaver shows him saying: "We swear by almighty Allah we will never stop fighting you."

    The man, a black man dressed in a hooded jacket and black woolly hat, speaks in a London accent.

    "We must fight them as they fight us. An eye for an eye, a tooth for a tooth," he says.

    "I apologise that women have had to witness this today, but in our land our women

    Read More »from 'British soldier' butchered in suspected Islamist attack
  • SINGAPORE, May 23 (Reuters) - Following is some

    company-related and market news which could have an impact on

    the local market.

    ----------------------MARKET SNAPSHOT @ 0029 GMT ------------

    INSTRUMENT LAST PCT CHG NET CHG

    S&P 500 1655.35 -0.83% -13.810

    USD/JPY 103.43 0.27% 0.280

    10-YR US TSY YLD 2.0651 -- 0.028

    SPOT GOLD 1366.66 -0.14% -1.880

    US CRUDE 94.00 -0.30% -0.280

    DOW JONES 15307.17 -0.52% -80.41

    ASIA ADRS 146.07 -1.19% -1.75

    -------------------------------------------------------------

    GLOBAL MARKETS-Stocks, oil fall after Bernanke; dollar gains

    SE ASIA STOCKS-Singapore up on earnings hopes; Thai shares

    fall

    STOCKS TO WATCH

    -- SINGAPORE GDP

    - Singapore's economic growth is expected to improve

    Read More »from Singapore Stocks - Factors to watch on May 23
  • Formula One: The 2013 season so far

    The 2013 Formula One season so far, ahead of the Monaco Grand Prix on Sunday:

    Australian Grand Prix - March 17

    Kimi Raikkonen upstaged the established order to claim a resounding victory for Lotus in the season-opener in Melbourne.

    The Finn roared off from seventh on the grid and employed only a two-stop strategy to win from Ferrari's Fernando Alonso and Red Bull world champion Sebastian Vettel.

    Alonso's team-mate Felipe Massa of Brazil was fourth with Lewis Hamilton, making his Mercedes debut after his high-profile defection from McLaren, fifth.

    Standings: Raikkonen 25 pts, Alonso 18, Vettel 15

    Malaysian Grand Prix - March 24

    Vettel incensed Webber and ignited a team orders row as he ignored Red Bull's strict instructions and pulled off a risky overtaking move to snatch victory.

    The German ace went wheel-to-wheel with Webber late in the race, earning a stern rebuke from team principal Christian Horner, before emerging in front and taking his 27th win, putting him on top of the early

    Read More »from Formula One: The 2013 season so far
  • U.S. acknowledges killing four Americans in drone strikes

    By Mark Hosenball and David Ingram

    WASHINGTON (Reuters) - The U.S. government formally acknowledged for the first time on Wednesday that it had killed four Americans, including militant cleric Anwar al-Awlaki, who died in drone strikes in Yemen and Pakistan.

    Attorney General Eric Holder named the dead U.S. citizens in a letter to members of Congress a day before President Barack Obama is expected to promise more transparency on national security issues in a speech on counterterrorism.

    A White House official said Obama would lay out in his speech why the use of drones is "necessary, legal and just."

    His speech would coincide with the signing of new presidential policy guidance setting out standards for U.S. drone strikes, the official said.

    Reuters reported earlier this week that the administration had decided to give the Pentagon control of some drone operations that are now run by the CIA. Such a move

    Read More »from U.S. acknowledges killing four Americans in drone strikes
  • Formula One: World championship standings

    Formula One world championship standings ahead of Sunday's Monaco Grand Prix:

    Drivers

    1. Sebastian Vettel (GER) 89pts, 2. Kimi Raikkonen (FIN) 85, 3. Fernando Alonso (ESP) 72, 4. Lewis Hamilton (GBR) 50, 5. Felipe Massa (BRA) 45, 6. Mark Webber (AUS) 42, 7. Romain Grosjean (FRA) 26, 8. Paul di Resta (GBR) 26, 9. Nico Rosberg (GER) 22, 10. Jenson Button (GBR) 17, 11. Sergio Perez (MEX) 12, 12. Daniel Ricciardo (AUS) 7, 13. Adrian Sutil (GER) 6, 14. Nico Hulkenberg (GER) 5, 15. Jean-Eric Vergne (FRA) 1

    Constructors

    1. Red Bull 131pts, 2. Ferrari 117, 3. Lotus 111, 4. Mercedes 72, 5. Force India 32, 6. McLaren 29, 7. Toro Rosso 8, 8. Sauber 5

  • Formula One: Ecclestone spices up Monaco scrap

    The Formula One circus descends on Monaco for this weekend's showpiece Grand Prix with tensions running high over tyres and Bernie Ecclestone telling drivers to stop complaining and use their brains to win races.

    After a week of squabbling between the teams and tyre supplier Pirelli over the performance of the Italian company's high-degradation tyres, Formula One's veteran commercial rights holder waded in to the debate.

    He said: "The easiest thing for Pirelli would be to produce tyres that you put on at the first race of the season and take off at the last. That would be easy, easy.

    "I asked Pirelli to make tyres that would not complete 50 per cent of a race -- and that's what they did.

    "In the times when Niki Lauda was racing his biggest concern was looking after the gearbox and the brakes -- not the tyres.

    "Then we got away from that and the drivers didn't have to think about anything. Now they have to use their brains and start thinking about how to win races again."

    Champions

    Read More »from Formula One: Ecclestone spices up Monaco scrap
  • In China, food scares put Mao's self-sufficiency goal at risk

    By David Stanway and Niu Shuping

    BEIJING (Reuters) - The discovery of dangerous levels of toxic cadmium in rice sold in the southern city of Guangzhou, the latest in a series of food scandals, has piled more pressure on China to clean up its food chain - possibly at the expense of Mao Zedong's cherished goal of self-sufficiency.

    The ruling Communist Party has long staked its legitimacy on its ability to guarantee domestic staple food supplies, and has pledged to be at least 95 percent self-sufficient even as demand increases and the fastest and biggest urbanisation process in history swallows up arable land.

    That has led to a drive for quantity rather than quality - securing bumper harvests even from land contaminated by high levels of industrial waste and irrigated with water unfit for human consumption. "China has a big population and we used to face food shortages so the government has focused on quantity," said Li Guoxiang, a

    Read More »from In China, food scares put Mao's self-sufficiency goal at risk
  • (Adds performance of major sectors)

    SINGAPORE, May 23 (Reuters) - Singapore's economic growth is

    expected to improve gradually over the year, the government said

    on Thursday after data showed the economy expanded during the

    first quarter, helped by a surge in financial services.

    The Southeast Asian city-state, whose economy is heavily

    dependent on trade, manufacturing and financial services, said

    gross domestic product (GDP) expanded 1.8 percent in

    January-March on a quarter-on-quarter, seasonally adjusted

    annualised basis, and by 0.2 percent from a year earlier.

    Economists polled by Reuters had expected GDP shrank 1.1

    percent on the quarter and 0.5 percent on-year, slightly better

    than advance estimates of contractions of 1.4 percent and 0.6

    percent, respectively.

    The star performer was finance and insurance, which surged

    50.6 percent quarter-on-quarter at a seasonally adjusted and

    annualised pace, offsetting a 12.3 percent

    Read More »from Singapore Q1 GDP revised up on surge in financial services
  • Carlos Alberto acquitted of doping

    Vasco Da Gama midfielder Carlos Alberto was acquitted of doping on Wednesday and saw his ban from playing overturned.

    The 28-year-old was reprimanded after testing positive for use of the diuretic hydrochlorothiazide - which can be used to mask the use of doping - on March 2.

    The Court of Justice for Rio Sport (TJD-RJ) ruled in favour of the Brazilian attacking midfielder, though an appeal from the prosecution remains a real possibility.

    Alternatively, the Court of Arbitration for Sport (CAS) in Switzerland could choose to get involved, which could see his most recent acquittal overruled and he could be suspended for up to two years.

    Alberto was emotional after hearing that he would be acquitted of doping and stressed his belief that the result vindicates his protests that he is innocent.

    "All these years as an athlete - serving the sport, never even got a warning from the Commission for Doping - I always respected all that was passed," he said in a statement at a press conference.

    "Any

    Read More »from Carlos Alberto acquitted of doping
  • Singapore GDP revised to show Q1 expansion

    SINGAPORE, May 23 (Reuters) -

    PERIOD Q1-2013 Q4-2012 Q3-2012 Q2-2012 Q1-2012

    Q/Q 1.8 3.3 -4.6 0.1 7.8

    Y/Y 0.2 1.5 0 2.3 1.5

    Q1 (y/y)

    MANUFACTURING -6.8 -1.1

    CONSTRUCTION 7.3 5.8

    SERVICES 2.7 1.7

    Reuters

    forecasts

    MEDIAN

    Q/Q -1.1

    Y/Y -0.5

    Q/Q SAAR is quarter-on-quarter, seasonally adjusted

    annualised rate

    (Reporting by Kevin Lim)

    Read More »from Singapore GDP revised to show Q1 expansion

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