TOKYO (Reuters) – Japanese equities rose on Monday as the yen extended losses to fresh lows, further improving earnings prospects for exporters as Japan's corporate reporting season ente rs full swing this week. Global investor sentiment improved on Friday due to brighter prospects for the European economy and its debt crisis as well as solid U.S. corporate earnings. Japan's Nikkei stock average traded 0.7 percent higher after jumping 2.9 percent on Friday to log an 11th straight week of gains, its longest such run since 1971. Against the yen, the dollar hit 91. … Venezuela transfers inmates from prison after riot kills 58
URIBANA, Venezuela (Reuters) – Venezuelan authorities transferred i nmates out of a prison on Sunday following a bloody riot two days earlier that killed 58 people and again highlighted chaos in the country's jails. It was the fourth high-profile incident in 18 months in a penal system that has experienced repeated fatal clashes and shootouts. Venezuela's prisons house three times the number of inmates they were designed to hold. … Nightclub fire kills 233 in Brazil
SANTA MARIA, Brazil (Reuters) – A nightclub fire killed at least 233 people in southern Brazil on Sunday when a band's pyrotechnics show set the building ablaze and fleeing partygoers stampeded toward b locked exits in the ensuing panic. Most of those who died were suffocated by toxic fumes that rapidly filled the crowded club after sparks from pyrotechnics used by the band for visual effects set fire to soundproofing on the ceiling, local fire officials said. "Smoke filled the place instantly, the heat became unbearable," survivor Murilo Tiescher, a medical student, told GloboNews TV. … Exclusive: Bank probes find manipulation in Singapore's offshore FX market - source
SINGAPORE (Reuters) – Internal reviews by banks in Si ngapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set. … Bank of America begins moving $50 billion of derivatives to UK: FT
LONDON (Reuters) – Bank of America has begun moving $50 billion of deriva tives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation. The move will allow the world's number 10 bank by assets to benefit from tax breaks stemming from accumulated losses in its UK business, the FT said. According to the Financial Times, bankers said Irish officials were uncomfortable with the scale of the business which posed a theoretical risk to Irish taxpayers. … Violence flares at Dominican opposition party office, eight injured
SANTO DOMINGO (Reuters) – At least eight people were injured, mostly by gunfire, during a dispute between rival factions competing for control of the Dominican Republic’s leading opposition party, officials said on Sunday. The incident occurred at the headquarters of the Dominican Revolutionary Party (PRD) in the capital, Santo Domingo, in the wake of a party decision to expel former President Hipolito Mejia and three other senior members from its ranks. Police intervened after a confrontation between Mejia supporters and security guards at the offices, according to witnesses and authorities. …
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