US designer Thom Browne talks shop (VIDEO) |
- US designer Thom Browne talks shop (VIDEO)
- ‘Forgetful’ Malaysian Muslim missing in Mecca found with Thai pilgrims, minister says
- What China? Strategists predict vintage year for European stocks
- Five Saudi troops die on Yemen border after major offensive against rebels
- Are these animals cute or what? (VIDEO)
- Reuters Video: Animals around the world
| US designer Thom Browne talks shop (VIDEO) Posted: 13 Sep 2015 05:53 PM PDT NEW YORK, Sept 14 — Thom Browne talks with Vanessa Friedman about the virtues of minimalism, the colour gray and having his staff members dress as if he's their father. — New York Times
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| ‘Forgetful’ Malaysian Muslim missing in Mecca found with Thai pilgrims, minister says Posted: 13 Sep 2015 05:43 PM PDT
'Forgetful' Malaysian Muslim missing in Mecca found with Thai pilgrims, minister says
The minister in charge of Islamic affairs told reporters in Petaling Jaya late last night that the previously missing man, Abdul Muluk Ishak, 71, from Pantai Remis, Perak was a "forgetful" person who had got lost after strong winds toppled a giant crane near the mosque, killing at least 107 people and injuring over 200 others. "He ended up at the Thai pilgrims' accommodation and they eventually sent him back to Tabung Haji officials," the minister was quoted as saying by The Star Online today. Four other Malaysian Muslim pilgrims died in the incident while three are still unaccounted for. Those still missing are: Abdul Habib Lahman, 68, from Sik, Kedah; Shahidan Saad, 52, from Kodiang, Kedah; and Zainun Taha, 69, from Ampang, Selangor. The fatalities are: Rusiah Suar, 56, from Sungkai, Perak; Siti Nuroshlizan Zolkifli, 37, from Tanah Merah, Kelantan; Rohana Ismail, 54, from Kuala Krai, Kelantan; and Munah Jusoh, 73, from Cherang Ruku, also Kelantan. According to the minister, the Malaysian Muslim pilgrims who died will be buried in Saudi Arabia. The Star Online reported Jamil Khir saying he and Tabung Haji chairman Datuk Seri Abdul Azeez Rahim will head to Saudi Arabia today to help expedite the search and identification process for the missing trio. |
| What China? Strategists predict vintage year for European stocks Posted: 13 Sep 2015 05:39 PM PDT
The Stoxx Europe 600 Index will climb about 18 per cent in 2015, according to the average of nine forecasts compiled by Bloomberg, outperforming US equities and recovering all ground lost after China devalued the yuan in August. To do this, it will have to jump 13 per cent in less than four months. The Standard & Poor's 500 Index is predicted to rise 6.9 per cent this year. "The call on Europe comes down to earnings being better than the rest of the world, and when we look at measures of valuation, the market doesn't seem to be pricing that in,'' Barclays Plc's European equity strategist Dennis Jose said in a phone interview from London. "There seems to be skepticism with the way the stock market is pricing Europe relative to other regions, while we think profitability will pick up.'' Earnings of companies in the Stoxx Europe 600 will grow 35 per cent this year, according to data compiled by Bloomberg. That compares with 4.6 per cent growth for S&P 500 companies and a 2.4 per cent advance for MSCI Emerging Markets Index members. The European gauge's price-to-book value is the cheapest relative to the US since 1975, Jose said. European shares will probably end the year at an average level of 1.74, the lowest since 2012, compared with a ratio of 2.5 for US companies. In addition, China's economic deceleration will be gradual and offset by growth in Europe, according to Barclays and Societe Generale SA. European companies will earn investors the best returns in the world as they benefit from expanding economies, a weaker euro and lower energy prices, said Roland Kaloyan, head of European equity strategy at Societe Generale. "Taking a wine metaphor, it will be a vintage year for European equities,'' Kaloyan said by phone from Paris. "We're seeing more upside in the euro zone than in the rest of the world.'' Not everyone is so optimistic. Citigroup Inc chief economist Willem Buiter last week forecast a global recession in the next few years. It will likely originate in emerging markets, with China in particular at risk of a hard landing, he wrote in a report. Barclays' Jose and SocGen's Kayolan are among the more bullish strategists in the survey, predicting the benchmark will end the year at 430 and 400, respectively. UBS Group AG had the highest call at 440, while ING Groep NV had the lowest at 360. The divergence between the most and least bullish bets doubled to 80 points, compared with a July survey. Strategists forecast the S&P 500 will rise to 2,200, which implies a 6.9 per cent gain for the full year, while predictions for Japan's Nikkei imply an increase of about 21 per cent for the full year. According to DZ Bank AG analyst Michael Kopmann, European stocks are attractive after sliding 14 per cent from their high following the Greek crisis and devaluation of the Chinese yuan. "Now that we've seen a correction, we're getting a good valuation on European stocks,'' Kopmann said. "After the correction, people start asking how much deeper can the market fall, and that's when fundamentals come back into focus and we're seeing good arguments there to support an increase.'' — Bloomberg |
| Five Saudi troops die on Yemen border after major offensive against rebels Posted: 13 Sep 2015 05:35 PM PDT SANA'A, Sept 14 — A coalition statement did not say how the army soldier and four Border Guard troops died in the kingdom's southern Najran region. Neither did it specify the date of the incident. The statement, carried by the official Saudi Press Agency, said they died "in the line of duty while protecting the nation's borders". It appeared to be the largest single military loss in the border region announced by the coalition since March 26, when it began action in Yemen against Iran-backed Houthi rebels. However, unlike most announcements of Saudi military casualties in the border zone, the statement gave no details. In June the coalition said four Saudis and dozens of Yemenis were killed in battle when forces loyal to Yemen's former president attacked several locations on the Saudi border. Months of coalition air strikes failed to dislodge the Houthis from territory they had seized in Yemen. But they began to lose ground in July when the coalition, according to military sources, sent in armour, troops and Yemeni fighters trained in Saudi Arabia. Yesterday coalition-supported anti-rebel forces in Yemen began a major offensive aimed at pushing the Houthis out of Marib province and eventually moving on the capital Sanaa which the Houthis seized last year. Riyadh formed the Arab alliance, in support of exiled President Abedrabbo Mansour Hadi, in response to fears that the Houthis would take over all of Yemen and move it into the orbit of Sunni Saudi Arabia's Shiite regional rival Iran. At least 60 people have been killed in Saudi Arabia from shelling and skirmishes along the frontier with Yemen since the coalition campaign began. Most of the border casualties have been soldiers. Another 10 Saudi troops died inside Yemen earlier this month. They were among 60 coalition soldiers killed when a missile hit their base in Marib province. The World Health Organisation says more than 4,500 people, including a vast number of civilians, have been killed in Yemen since March 19. — AFP |
| Are these animals cute or what? (VIDEO) Posted: 13 Sep 2015 05:30 PM PDT NEW YORK, Sept 14 — Cuteness radiates in Crimea where cubs are frolicking with visitors, a Giant Panda celebrates her birthday in San Diego, and baby seat lions dive back in the water after several months of rehab. Nathan Frandino reports. — Reuters
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| Reuters Video: Animals around the world Posted: 13 Sep 2015 05:28 PM PDT Duration: 1:34, Published 14 Sep 2015 Cuteness radiates in Crimea where cubs are frolicking with visitors, a Giant Panda celebrates her birthday in San Diego, and baby seat lions dive back in the water after several months of rehab. Nathan Frandino reports. — Reuters |
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