China Russia halt some New Zealand dairy imports

Intellasia - Monday 5th August, 2013

Inflation in Indonesia rose steeply in July to 8.6% year-on-year (y-o-y) from 5.9% in June. The full effects of the recent fuel price hike were felt in July, which coincided with the celebration of Ramadan to send prices higher. Consumer price inflation also accelerated in the Republic of Korea in July, as the inflation rate rose to 1.4% y-o-y from 1.0% in June. In Thailand, consumer price ...

Dollar under pressure in Asia

IOL - Monday 5th August, 2013

The dollar skidded Friday after the US Labour Department released monthly employment data, which investors watched closely to gather clues about the future direction of the Federal Reserve's monetary-easing programme. The Fed has said it planned to wind down the stimulus once the economy had cemented a ...

Nikkei leads Asian shares lower

IOL - Monday 5th August, 2013

Tokyo - Asian shares were soft and the United States dollar was on the defensive on Monday after data showed US employers slowed their pace of hiring in July, while the New Zealand dollar tumbled after a food-safety scare affected dairy exports of the country's largest ...

Six pilgrims drown in swollen river in Nepal police

Channel News Asia - Monday 5th August, 2013

Six pilgrims drowned in northeastern Nepal Monday while trying to cross a rain-swollen river, becoming the latest casualties of heavy monsoon downpours, a local police official ...

Fonterra apologises over milk scare denies cover-up

Channel News Asia - Monday 5th August, 2013

New Zealand dairy giant Fonterra apologised Monday for a botulism scare that saw product recalls in China but denied accusations by Prime Minister John Key that it had delayed releasing ...

Iran dominates India in second round of FIBA Asia

Inquirer Sports - Monday 5th August, 2013

NIKKAH BAHRAMI Samad vs AMJYOT Singh and BHRIGUVANSHI Vishesh PBA IMAGES/NUKI SABIO MANILA, Philippines ? Hamed Hadadi set the tone and Samad Nikkhah Bahrami followed suit. Iran, with its two stars pressing the attack early, made quick work of India 102-58 in the second phase of the 27th FIBA Asia men?s Championship Monday at the Mall of Asia Arena in Pasay City. The ...

Weak U.S. Jobs Data Sees Asian Markets Retreating

FXstreet - Monday 5th August, 2013

Asian equity markets retreated from last week's highs, today, following a poorer-then-expected U.S. Non-Farm Payroll Report (NFP). On Friday, the closely watched NFP figure came in much lower than expected. The world's largest economy in the U.S. created only 162K jobs in July. The number in June was also revised lower to 188K. Economists had expected the U.S. Economy to add 184K jobs. ...

Death toll from heavy rains flooding up to 53 in Pakistan

Fox News - Monday 5th August, 2013

A senior Pakistani disaster management official says the death toll from heavy rains that caused flash floods and collapsed houses has risen to 53 over the past three days. The deaths reported by Brig. Kamran Zia on Monday spanned the entire country. He says 12 were in the northwest's semiautonomous tribal region, eight in neighboring Khyber Pakhtunkhwa province, and three in the ...

Three civilians killed seven wounded in Afghanistan bombing

Times of India - Monday 5th August, 2013

KABUL: Three civilians were killed and seven wounded when a powerful blast rocked a market on Monday in the southern Afghan province of Kandahar, a spokesman said. "An explosion rocked the livestock market in Bagh-e-Pul area at around 9 am. The initial report indicated that three adults have been killed and seven wounded," reported Xinhua quoting Jawid Faisal. No group has claimed ...

Ban on rebel flag stirs ire in Indonesia

New Zealand Herald - Monday 5th August, 2013

BANDA ACEH, Indonesia (AP) The governor of Indonesia's semiautonomous Aceh region is protesting that national security forces have seized hundreds of flags of the former separatist movement. Authorities confiscated the Free Aceh Movement's red crescent-star flags from streets in North Aceh, Lhokseumawe and Nagan Raya districts. The move came following a statement from the local army that no flag ...

SE Asia Stocks-Flat to weaker Singapore down on ex-dividend

Reuters - Monday 5th August, 2013

BANGKOK, Aug 5 (Reuters) - Southeast Asian stocks were flat to weaker on Monday amid selective buying in battered large caps including Malaysian banks and Philippine SM Investments Corp but activity dropped across exchanges in holiday-thinned demand. Malaysian key index edged up 0.11 percent, with shares in AMMB Holdings rising 2.6 percent, the top percentage gainer. Large caps led the Malaysian ...

US train carrying hazardous materials derails in US about 100 homes evacuated 1 hurt

New Europe - Monday 5th August, 2013

US train derails in US, about 100 homes evacuated Associated Press - 5 August 2013 01:50-04:00 LAWTELL, Louisiana (AP) -- A train carrying hazardous materials derailed in Louisiana and two railcars were leaking chemicals, forcing the evacuation of about 100 homes, officials said. One man went to the hospital complaining of eye irritation. More than 20 cars of the Union Pacific train went ...

Global Online Fair Links Prospective Students With More Than 78 Business Schools September 10-11

Intellasia - Monday 5th August, 2013

Registration is now open for the Official GMATCH online fair, a global recruiting event sponsored by the Graduate Management Admission Council to be held September 10 and 11, 2013. The GMATCH fair allows prospective students to meet school representatives from more than 78 of the world?s leading business and management programs from the comfort of their computer and at no cost. ';Our ...

China steps up warning over NZ milk scare

Inquirer - Monday 5th August, 2013

AFP PHOTO BEIJING ? China stepped up warnings to consumers Monday over a botulism scare involving products from a New Zealand dairy company, and has demanded affected importers check their sales records. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said it was ';warning consumers'; following an alert over a bacteria that could lead to the ...

China Russia halt some New Zealand dairy imports

Times Of India - Monday 5th August, 2013

botulism scare has prompted China and Russia to stop importing some New Zealand dairy products, denting the country's reputation as a supplier of safe, high quality food. New Zealand dairy giant Fonterra announced on Saturday that up to 1,000 tons of infant ...

Qatar remains unbeaten beats Jordan in FIBA Asia

Inquirer Sports - Monday 5th August, 2013

ELHADARY Mansour Atif of Qatar (light) vs HADRAB Mohammad FIBA Asia Photo by Nuki Sabio MANILA, Philippines ? Qatar broke away from a tight game in the third quarter and never looked back to beat slumping Jordan, 75-61, to start the second round of the 27th FIBA Asia men?s championship Monday at the Mall of Asia Arena in Pasay City. Qatar, which hiked its record to 3-0, gained ...

Thailand Bangkok braces for political street protests

General Sources - Monday 5th August, 2013

BANGKOK (AP) -- Thailand?s capital braced Sunday for possible unrest in the week ahead, with street protests expected over moves in parliament that could eventually lead to a pardon for ousted Prime Minister Thaksin ...

Most AsiaPacific stock indexes are declining

FXstreet - Monday 5th August, 2013

The foreign currencies consolidated in the Far East after the tepid NFP report on Friday vaulted the European currencies and the yen, and hurt the commodity currencies. The Aussie sank to a new three-year low following additional weak economic reports. Most Asia/Pacific stock indexes are declining. The short-term outlook for most foreign currencies is sideways. The medium-term outlook for most ...

Small bomb explodes at Buddhist temple in Indonesia

Times of India - Monday 5th August, 2013

JAKARTA: Police and government officials on Monday condemned an attack on a Buddhist temple in Indonesia's capital after a small bomb detonated as devotees inside prayed, injuring one person. Two other devices failed to go off. The explosion happened on Sunday night at ...

Oil rises above $107 on Fed stimulus hopes

New Zealand Herald - Monday 5th August, 2013

BANGKOK (AP) Oil rose above $107 a barrel Monday after a disappointing US jobs report made it more likely the Federal Reserve will continue its stimulus program beyond September. Benchmark crude for September delivery was up 18 cents to $107.12 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 95 cents to close at $106.94 a barrel on Friday. US ...

High-yield Asia debt boom spurs ex-RBS exec to start hedge fund

Reuters - Monday 5th August, 2013

By Nishant Kumar HONG KONG | Mon Aug 5, 2013 1:34am EDT HONG KONG Aug 5 (Reuters) - A trio of French ex-bankers led by former Royal Bank of Scotland Group managing director Geoffroy Wallier are planning a $40 million Asia fund, seeking to cash in on a red-hot Asian credit market that offers the potential for much greater returns than Western counterparts. The launch, part of a global ...

Family dog kills two-year-old boy in Australia

West Australian - Monday 5th August, 2013

SYDNEY (AFP) - A two-year-old boy has been mauled to death at his grandmother's house in a savage attack by a mastiff cross dog, Australian police said on Monday.The tragedy unfolded on Sunday afternoon at Deniliquin in southwestern New South Wales state, with reports that the boy went outside to get an ice-cream from a back fridge and the dog, a family pet, followed.It was not clear what ...

Source: http://www.uzbekistannews.net/index.php/sid/216243206/scat/bf053b50c46383e0

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Multiple offers put South Florida home sellers in control

The spiffy five-bedroom house on a quiet cul-de-sac in Miramar hit the market for $379,900 on a Monday. By the close of business, there were two offers, but listing agent Carlos Martin was preaching patience.

Tempting as it may have been to pick one right then, seller Robert Kull waited a week for more offers to materialize.

It was a wise choice. The home ultimately drew five bids. Kull rejected two cash deals in favor of a full-price offer from a buyer willing to pay above appraised value.

"We knew it was a real strong market," Kull said. "Carlos said if we just hold out, we'll get a full-price offer, and sure enough we did."

Multiple offers are the Holy Grail of the housing recovery, but it takes skill and a dash of diplomacy to sort through all the possibilities.

Homes in good condition and priced fairly almost certainly will attract more than one offer, real estate agents say. Demand far exceeds supply in South Florida and across most of the nation, so investors and young families are all circling the same properties hoping to hit paydirt.

"Multiple offers is the last thing buyers want to hear and the first thing sellers want to be able to say," said Michael Corbett, a blogger for the Trulia.com real estate website.

Still, that doesn't mean all sellers are necessarily rejoicing, said Judy Trudel, an agent with Balistreri Realty in Palm Beach and Broward counties.

"When you have multiple offers, it sounds like you're in the driver's seat,'' Trudel said. "But it's a very stressful situation."

Not every multiple-offer situation turns out well. Broward real estate agent Carrie Hazen had a client who received three offers on her Coral Springs home.

That's the good news. The bad? When the seller made counteroffers late last month, all three buyers bailed.

One of the buyers told Hazen she was backing out because another seller had accepted her contract ? even though it's unethical for a buyer to submit more than one offer at a time.

"Back to the drawing board," Hazen said. "There are no slam dunks."

Florida law doesn't require agents to disclose when their listings get two or more written offers. But a National Association of Realtors code of ethics states that agents must make the disclosure if the buyer asks.

In most cases, the listing agent will collect the offers, announce there are competing bids and have everyone come back with their "highest and best offers" so the seller can pick one.

But some agents and sellers take a different approach.

They'll negotiate individually with the buyers, making different counteroffers to each, even though they ultimately can sign only one contract.

Playing one offer against the other usually pushes the price higher and allows sellers to assess the motivation and financial strength of all the buyers, Corbett said.

That strategy paid off for Mike Killi, who's selling his four-bedroom home in Coral Springs. The half-dozen bids gave him and his agent, Dean Ehrlich, the leverage to go back to each buyer and seek more money and the most favorable terms.

They had an offer for $5,000 above the $325,000 list price. But the buyer needed a mortgage, and there was no guarantee the home would appraise. No appraisal is needed in a cash sale.

Killi ultimately took a cash deal for $2,000 more than the asking price. The closing is expected in mid-August.

"We're really happy with the way it turned out," said Killi, 33, a social marketing manager for an advertising firm. "When you put your house on the market, you're really nervous. When you get multiple offers, it very quickly puts you at ease."

As Killi showed, the highest price isn't necessarily the best offer. Some of the other considerations: the amount of down payment, how soon the buyers want to close and whether they'll agree to pay the difference if the home doesn't appraise.

"Price is important, but it's just one factor," Broward agent Tim Singer said.

Sellers shouldn't drag out multiple offers longer than a week, said Samantha DeBianchi, an agent in Fort Lauderdale. "It's just good manners."

But for some buyers, no amount of etiquette will cushion the blow of not getting the home.

"Somebody is going to get hurt or feel like they were treated unfairly," said Randy Bianchi, broker-owner of Paradise Properties of Florida in West Palm Beach. "Multiple offers can turn off a lot of people because there's always a winner and a loser."

powers@tribune.com, 561-243-6529 or Twitter @paulowers

Source: http://www.sun-sentinel.com/fl-home-sellers-multiple-offers-20130803,0,3196461.story?track=rss

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Berlusconi tells thousands he is innocent

ROME (AP) ? A defiant Silvio Berlusconi has told a cheering crowd of thousands that he is innocent of tax fraud despite a ruling by Italy's high court confirming his guilt and four-year jail term.

Berlusconi told supporters Sunday that he would not resist criticizing the judges who made the ruling last week, and declared: "I will say to my so-called judges: I am innocent."

Berlusconi says he continues to support the coalition government of Enrico Letta. He says "we have said loud and clear that the government needs to continue" in order to approve economic measures to help Italy out of recession.

Thousands of supporters bussed in from throughout Italy waved printed signs and cheered Berlusconi.

Berlusconi says the last few days were "the most anguished and painful of my life."

Source: http://news.yahoo.com/berlusconi-tells-thousands-innocent-171703364.html

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Nvidia wants its Shield to combine PC, mobile gaming

nvidia

Yannick LeJacq NBC News

16 hours ago

Nvidia

The Shield uses the Android operating system.

One of the biggest surprises from this year's Consumer Electronics Show in Las Vegas came when Nvidia, a tech company primarily known for its powerhouse graphics processing units and chipsets, revealed?it was making a full-fledged mobile gaming device of its own to stand alongside the many devices that Nvidia's technology already powers.

After a slight name change, a month's delay and drop in price from $349 to $299, the Nvidia Shield hit store shelves this week. But what is Shield, exactly?

"We don?t consider Shield a console," Bryan Del Rizzo, Nvidia senior PR manager of consumer products, explained when I first emailed him inquiring about what I thought was a new mobile gaming console through-and-through. "It?s a mobile Android gaming platform that also is able to stream PC games."

The idea behind Shield was to create something that sits on the border between high-end PC gaming and its mobile counterpart on Android, so the Nvidia Shield is a mish-mash of different elements.

On one hand, it's a fancy Android platform with a gaming controller attached to it. On the other, it's a device that can interact with a PC in a manner similar to how Sony is promising the PlayStation Vita will once the PlayStation 4 comes out ? Shield users, when equipped with the right hardware and in wireless range, can stream games straight from their PC gaming setup to the mobile device.

It's a great idea for anyone who wants to play "Skyrim in bed," as one early reviewer put it. And like Sony's similar promise for cross-play between the PlayStation 4 and PS Vita shows, it's an ambitious idea to bring high-end video game experiences to not-so-high-end devices.

But as with any new emerging technology, there are hiccups along the way. In addition to needing a stable Wi-Fi connection, the streaming part of the Shield's functionality relies on an H.264 encoder that's built into Nvidia's GeForce GTX 650 or higher graphics-card models ? a requirement that could set you back at least another $100 if you don't have one of the company's PC graphics cards, let alone a functioning PC gaming tower in its own right. And the limitations of Wi-Fi range seems to either render this "mobile gaming device's" most promising features inert, or not allow it to be truly "mobile."

Nick Stam, Nvidia's technical marketing director, told NBC News that ideally the device could eventually be set up to stream games from?GRID, its cloud gaming-esque system also unveiled at this year's CES. But for the time being, they're still focused on working out the kinks in the current streaming system.

"Not every game works perfectly," Stam said. "That's why we still have it in beta."

It might seem like a peculiar choice for an established chipmaker to wade into the chaotic and competitive arena of console development. But Nvidia could actually be in a better position than some of its leaner rivals because it doesn't really need to make much money off this device yet.

Piers Harding-Rolls, director of games at market research firm IHS Global Insight, told NBC News that the Shield could basically function as a souped-up business card for Nvidia, helping court fellow gaming companies and mobile gadget makers alike (not to mention average consumers) to its line of graphics cards.

"We expect the platform to be a niche seller at this point," Harding-Rolls wrote in an email to NBC News. "We don't expect it to sell at the level of other handheld consoles, but we don't believe that is necessarily a major issue for Nvidia, as this strategy is as much about provoking interest in Nvidia technology, engaging gamers outside of the PC sector especially in the mobile space and driving brand awareness, as it is generating direct revenue from a handheld console."

But Michael Pachter, a prominent game industry analyst at Wedbush Securities, is less optimistic about the Shield's chances of success.

"I really don?t care about Shield," Pachter wrote when I emailed him asking about the device this week.

"It is not going to sell well at all, reminds me of N-Gage," he added, referring to Nokia's famously hideous flop of an attempt to make a mobile console in 2003.

Yannick LeJacq is a contributing writer for NBC News who has also covered technology and games for Kill Screen, The Wall Street Journal and The Atlantic. You can follow him on Twitter at @YannickLeJacq and reach him by email at: Yannick.LeJacq@nbcuni.com.

Source: http://feeds.nbcnews.com/c/35002/f/663301/s/2f8010c4/sc/28/l/0L0Snbcnews0N0Ctechnology0Cnvidia0Ewants0Eits0Eshield0Ecombine0Epc0Emobile0Egaming0E6C10A835459/story01.htm

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Lawyer: Snowden has a place to live in Russia

MOSCOW (AP) ? National Security Agency leaker Edward Snowden has a place to live in Russia after being granted temporary asylum, but he still hasn't decided what he wants to do next, his lawyer said Friday. The big question may be how much choice he actually has.

Russia granted a year of asylum to Snowden on Thursday, allowing him to quietly slip out of the Moscow airport where he had been holed up for almost six weeks as he evades charges of espionage in the United States. Authorities have suggested he will have wide freedom to work, but Kremlin watchers believe his moves are likely being closely controlled by Russian intelligence.

Snowden "is in a safe place," but the location will remain secret out of concern for his security, his lawyer, Anatoly Kucherena, told Russian news agencies. The systems analyst who revealed himself as the source of reports in the Guardian newspaper of a vast U.S. Internet surveillance program needs time after his ordeal in airport limbo to figure out his next steps.

He was seen only once in his weeks in the transit zone of the Sheremetyevo airport. Despite troops of photographers and reporters camped out inside and outside the airport, no one apparently saw him leaving, except for someone who snapped a photo of Kucherena talking to blurry figures who the attorney later said were Snowden and Sarah Harrison, a WikiLeaks staffer who has been advising him.

Kucherena said he expects Snowden to speak to journalists soon. "As soon as he decides what he will do, I hope he will announce it himself," the ITAR-Tass news agency quoted the lawyer as saying.

The move to grant Snowden asylum infuriated the Obama administration, which said it was "extremely disappointed" and warned that the decision could derail an upcoming summit between President Barack Obama and Russian President Vladimir Putin.

The decision gives Russia cover to depict itself as a defender of human rights, pointing a finger to deflect criticism of its own poor record on rights including free speech. But the secrecy that surrounded Snowden's time at the Moscow airport and his unwillingness so far to talk to the press indicates he is being controlled by Russian intelligence, Andrei Soldatov, a Russian journalist who co-authored a book on the Russian intelligence services said.

"Does he have independent sources of information and communication? My impression is that he has none, which means he's not his own master," Soldatov said.

He said Kucherena's statements about concerns for Snowden's safety do not hold water.

"We are all perfectly aware that Snowden, who has just received asylum, does not face any danger in Russia," Soldatov said. "American intelligence does not kidnap or assassinate people in Russia, that's a fact. This is a just a pretext."

One of the reasons for keeping Snowden isolated may be to prevent him from speaking about the people he met and what really happened to him during the 39 days he spent in the airport's transit zone, Soldatov said. For the same reason, Soldatov said he expected Russian authorities to find a job for Snowden that will prevent him from having contacts with journalists.

Putin has denied that Russia's security services have worked with Snowden, either before or after he arrived in Moscow on a flight from Hong Kong. But security experts have said that Russia's intelligence agencies would not have passed up a chance to at least question a man who is believed to hold reams of classified U.S. documents and could shed light on how the U.S. intelligence agencies collect information.

Snowden's temporary asylum allows him to work in Russia, with some restrictions, said immigration lawyer Bakhrom Ismailov.

"Snowden has the same rights for employment as a Russian citizen except that he is not allowed to work as a public servant or take a job in law enforcement agencies," said Ismailov, a managing partner at Yurinvestholding. The founder of Russia's Facebook-like social network site VKontakte, has already made what sounded like a job offer on Twitter.

The law on temporary asylum says a person with this status is entitled "to receive assistance" in traveling out of Russia. Ismailov said that this assistance could mean issuing a travel document, but this is not normally done for people with temporary asylum.

Venezuela, Nicaragua and Bolivia had offered Snowden asylum and he told human rights figures during a meeting in mid-July that he wanted to visit all those countries. But Kucherena said Thursday that Snowden no longer has such plans.

_____

Associated Press writer Lynn Berry in Moscow contributed to this report.

Source: http://news.yahoo.com/lawyer-snowden-place-live-russia-112855767.html

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Andrew Silverman to Simon Cowell: You Home-Wrecker!

Source: http://www.thehollywoodgossip.com/2013/08/andrew-silverman-to-simon-cowell-you-home-wrecker/

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NWSL: Boston Breakers part ways with Head Coach Lisa Cole

SOMERVILLE, MA ? The Boston Breakers and coach Lisa Cole have parted ways, the club announced Friday afternoon. Defender and Olympic gold medalist Cat Whitehill will take over coaching duties for Boston as a player/coach on an interim basis while the team searches for a new permanent manager.

?Lisa was a critical participant in the launch of the National Women?s Soccer League and making sure there was a professional women?s league in the U.S.,? Boson Breakers managing partner Michael Stoller said. ?I cannot thank her enough for her years of service to the Breakers and women?s professional soccer.?

Assistant coach Maren Rojas also left the club ahead of their home game Saturday against the Western New York Flash.

?I have great respect for both Lisa and for Maren,? Stoller said. ?Lisa is highly regarded in the women?s game and her dedication to the sport throughout the years is unmatched, from club, college, amateur, and up to the professional level.?

The Breakers currently sit fifth in the National Women?s Soccer League standings, having taken 23 points from 18 games with a 6-7-5 record. They trail the Flash by seven points for the fourth and final NWSL playoff spot with four games to play in the regular season.

?At this point, as the team makes a push to the playoffs, this was a change that needed to be made,? Breakers General Manager Lee Billiard said. ?Lisa has done so much for our organization and the women?s professional game in general. It is with great regret this change had to be made.?

Cole took over as head coach for the Breakers in 2012 after arriving at the club in 2009 and spending three years as an assistant under Tony DiCicco. She posted a 17-10-5 record during her two years in charge of the Breakers in both the NWSL and Women?s Premier Soccer League.

?Lisa is a highly respected coach and had many great seasons in Boston,? Billiard said. ?Maren came to the team with a great coaching resume, and we have respect for both coaches.?

Rojas joined Boston ahead of the 2013 NWSL season. She previously served as an assistant coach at Boston College for the women?s soccer team.

Source: http://www.soccerwire.com/news/nwsl-boston-breakers-part-ways-with-head-coach-lisa-cole/?utm_source=rss&utm_medium=rss&utm_campaign=nwsl-boston-breakers-part-ways-with-head-coach-lisa-cole

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