Edmond de Rothschild to set up merchant banking unit in London: FT
(Reuters) – Private banking group Edmond de Rothsc hild is establishing a merchant banking business in London which is set to begin operations this spring, the Financial Times reported on Monday. The company is currently in the process of hiring a team of senior advisers for the London operation, the financial daily said on its website, citing people close to the situation. The unit – which was given the nod by the Financial Services Authority last month – would be led by former Hawkpoint Chief Executive Richard Briance and would not directly compete with NM Rothschild, the paper said. …
U.S. could resume direct Mali military aid if elections successful
BAMAKO, Mali (Reuters) – The United States is likely to eventually resume direct support for Mali's military, but only after full restoration of democracy through elections, the head of a visiting U.S. Congress delegation said on Monday. Senator Christopher Coons, chairman of the Senate Foreign Relations subcommittee on Africa, was leading the first American congressional visit to the West African nation since France sent a military force there last month to halt an offensive by al Qaeda-allied insurgents. …
Team Canada's Heather Nedohin remains unbeaten at Scotties Tournament of Hearts
KINGSTON, Ont. – Team Canada’s Heather Nedohin remains unbeaten at the Scotties Tournament of Hearts.
Reader's Digest parent company files for bankruptcy again
NEW YORK (Reuters) – The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, c iting a greater-than-expected decline of the media industry. RDA Holding Co and more than two dozen affiliates filed for a pre-negotiated Chapter 11 bankruptcy plan the company says will allow it to reduce its $534 million debt load by 80 percent, according to documents filed Sunday in U.S. Bankruptcy court in the Southern District of New York. Its international operations are not part of the filing. …
Second Officer handed off navigation in clear weather before ferry crashed:trial
VANCOUVER – A B.C. Supreme Court trial has heard visibility was good and the weather was clear for the crew of the Queen of the North on the night of a fatal crash that sank the ship.
Bulgaria presses EU to toughen stance on Hezbollah
BRUSSELS (Reuters) – Bulgaria urged European governments on Monday to take a harder stance towards Hezbollah after blaming the Lebanese Islamist movement for a bus bombing that killed five Israelis at a Bulgarian Black Sea resort last year. But the country’s Foreign Minister Nikolai Mladenov cautioned European states not to be in a rush to brand the Lebanese group as a terrorist organization, saying careful consideration was needed of potential consequences in Beirut. …
UN panel says Syria war crimes should go to trial
BEIRUT (AP) -- A United Nations commission on Monday said fighters on both sides in Syria's civil war have committed atrocities and should be brought to justice, while European Foreign Ministers extended an arms embargo on the country in hopes it would limit the ability of both sides to wage war.
Monday, February 18, 2013
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