SmartInvestor. The Reserve Bank of India's (RBI) guidelines on subsidiarisation may have failed to excite foreign lenders in the country but the regulator's proposal to issue differentiated banking licence appear to have caught their imagination. Bankers claim that several mid-sized foreign lenders are keen to apply for a differentiated banking licence as and when RBI decides to offer such licences. "Out of the 43 foreign banks in India only four or five are engaged in full-fledged banking activities. The rest of them are only doing specialised banking business even though they have been given universal banking licence. It makes sense for them to opt for a differentiated banking licence and maintain focus on their core activity. We are certainly open to this idea," a banker with a mid-sized foreign bank said requesting anonymity. He declined to be identified as it is not immediately clear if RBI will allow foreign banks to opt for a differentiated banking licence without creating a subsidiary in India. RBI governor Raghuram Rajan, during a seminar last week, said that the central bank has opened up the possibility of creating differentiated banking licence that will allow banks to operate in niche areas. While Rajan made the comment in reference to the new banking licences offered to domestic players, the model appears to find favour with some of the foreign banks in the country. UBS, which has decided to surrender its banking licence in India, is one such bank. "India is still very important to us. If differentiated licensing comes in, and if we are able to do what we think we are good at, then we will certainly reconsider those options to re-engage in businesses in India," Aashish Kamat, managing director and chief executive of UBS in India, had told Business Standard in a recent interview. Industry sources say that Barclays could be another candidate for a differentiated banking licence. "Banks like Barclays will be inclined going for a differentiated banking licence," said a source. Barclays had exited its retail operations in India in December, 2011 - barely four-and-a-half years after starting it. A spokesperson of Barclays in India declined to offer comments. "I think there is lot of merit to differentiated banking licence model. All banks do not want to do every business. Different banks have different expertise and a differentiated licence will suit them (foreign banks)," Brijesh Mehra, managing director and head of international banking - India and South East Asia at Royal Bank of Scotland (RBS), said. Industry analysts and bankers say that subsidiarisation could be a hurdle for foreign banks to opt for differentiated banking licence. While RBI wants foreign banks to set up wholly-owned subsidiaries (WOS) in India, it has not made it compulsory for the lenders to create WOS. "Not many foreign banks are interested in creating a subsidiary here. It is not clear at this point whether foreign banks have to set up subsidiaries first to be eligible for a differentiated licence," said a banker. He added that priority sector lending norms also need to be relaxed to encourage foreign banks opt for a differentiated banking licence. "The final guidelines on differentiated banking licence will probably offer some clarity," the banker said. In October, 2007 RBI had prepared a discussion paper on differentiated bank licensing, wherein it stated that the case for such licensing may be reviewed after a certain degree of success in financial inclusion is achieved and the central bank is satisfied with the quality and robustness of the risk management systems of the entire banking sector. The banking regulator, in a discussion paper on banking structure in India (released in August, 2013), said that banks have shown significant progress in financial inclusion and in improving the quality of risk management but added that a "lot more needs to be done". With banks shifting most of their government securities from Available-For-Sale (AFS) to Held-To-Maturity (HTM) bucket post July under the Reserve ... AdvertisementsIntroducing the new 11th generation corolla altis. Building a Global Enterprises-India. 28 APR-01 May 2014. Make New Beginnings design a Neo Life. Orbit's total amount outstanding is Rs 95. FacebookTwitterGoogle +YoutubeRSSCopyrights © 2014 Business Standard Ltd. All rights reserved. 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- Apr 08 Tue 2014 20:30
Foreign lenders game for differentiated banking licence
- Apr 08 Tue 2014 20:29
Ask Mr. Dad: When tempers flare
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All CommunitiesCary NewsChapel Hill NewsClayton News StarDurham NewsEastern Wake NewsGarner Cleveland RecordThe Smithfield HeraldMidtown Raleigh NewsNorth Raleigh NewsSouthwest Wake NewsMom2MomTriangle.comRecent HeadlinesBaseball making a home on the roadDBAP’s new concessions are a hit with fansBest: Voyager’s baseball team is all ‘grown up’Rugby: Warriors’ first season ends in playoffsMore Communities Baghdad Bakery offers a taste of the Middle East in CarySue Al-Atar, an Iraqi refugee who came to North Carolina in 1978, says she wants to serve the hundreds... FamilyAsk Mr. Ask Mr. St. Canes face tough personnel decisions as offseason loomsDear Mr. Dad: My son is 6, and he's still having temper tantrums. Call me crazy, but I thought they would have petered out long ago. Most of the other parents we know say their kids stopped having tantrums when they were 2 or 3. But my son is giving no indication that he's going to relent anytime soon. What should we do? How long do we have to wait for him to stop?A: Since you asked for it, I'll tell you: You're crazy. If you think you can just sit around and wait for your son to grow out of throwing tantrums, you're going to be very, very disappointed and frustrated. In fact, given how long this has lasted, there's a good chance that you and your spouse are the reason your son is still having tantrums in the first place. The only way to bring his reign of terror to an end is for you to step in and start doing something about it. Now.Your Friends Are RightAlmost all children have temper tantrums, but they usually end by age 3 - unless there's something going on that encourages the child to continue. Tantrums are actually a fairly normal developmental phase: they're the way children test the limits to see what they can and cannot get away with. But just because something is normal doesn't mean you should let it go. Making it very clear to young children that they can't have their way every time teaches them what the rules are and, more importantly, helps them learn to control themselvesTantrums won't blow over. And they won't go away on their own. At this point, getting your son to express his feelings without pitching a fit is going to be hard, but it can be done. And the only way that's going to happen is if you stop trying to be your child's friend and start being a parent. Unfortunately, that means you're going to have to be the bad guy. Your first mission is to work with your spouse to come up with firm boundaries and even firmer consequences if those rules get broken. It's essential that you're both on the same page here. Consider Other OptionsThe first few days and weeks of the new "we've-got-rules-around-here-mister" plan will be uncomfortable, but when your son realizes that you're serious, he'll most likely start changing. I say "most likely" because, even though tantrums can be the result of a lack of structure and rules in the home, there can be other causes. If, for example, your son's tantrums are violent and he's doing harm to himself or anyone else, you may be dealing less with a limit-testing issue and more with a mental health issue. Behavior that looks like tantrums can actually be caused by a number of conditions such as autism, Asperger's, ADHD, or OCD. If you feel you've tried everything to get your son's temper under control and are still coming up empty, seek out professional help.I get that when some parents hear the phrase "professional help," they immediately imagine that their child will be put on medication for life. Just so you know, those fears aren't necessarily well-founded. There are many, many options that don't involve medication at all, such as individual talk therapy, family counseling, and group behavior training. But the first step is to get your son evaluated so he can get the help he deserves.(Read Armin Brott's blog at DadSoup.com, send email to armin@mrdad.com, and follow him on Twitter @mrdad) Copyright 2014 McClatchy-Tribune_News_Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts. Triangle Network: News & Observer | Triangle. © 2014 www.newsobserver.com and wire service sources. All Rights Reserved. http://www.newsobserver. 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- Apr 08 Tue 2014 20:28
Trey Burke experiencing highs, lows of NBA rookie life on bad team
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SALT LAKE CITY — It's a little after noon on a sunny day and the newspaper photographer wants one more image.He instructs Trey Burke to walk to his car in the parking lot of the Utah Jazz practice facility.With his father, Benji, close by in the lobby, Trey Burke starts to comply.But wait, a Free Press reporter who has been waiting patiently needs a few minutes of his time.Burke doesn't have much time since he is headed to shoot a commercial for a local car dealership, but it's just one more item on the to-do list.This all took place the day after a 20-point loss to the Pistons - a night when Burke was the last guy to leave the locker room because his expressive answers have won over the Jazz media.After that, he dutifully signed autographs for a line of fans waiting for a signature of the team's prized rookie.Then it's up the next morning for film work and a practice session.And now two newspapers are tugging at his free time.Such is the life of the point guard who the Jazz hopes becomes a franchise cornerstone, who at this time last year was leading Michigan to the national championship game.Burke, 21, is sheepish when discussing the attention. But when you are one of the top-three rookies and hear your name called last during pregame introductions (a Jazz tradition for point guards), it comes with the territory."I eventually want to be in that vein, but I don't want to say I am that guy right now, but I'm definitely working to be that type of franchise guy," Burke told the Free Press. "I noticed that in the beginning of the season that they called me last. It was kind of awkward at first, but now I'm kind of used to it. I'm sure none of the other guys really care about it. I think that definitely gives me confidence, makes me work harder to become that guy some day."DRAFT NIGHTLife can be funny. It was hard to find a mock draft predicting Burke would wind up with the Jazz last June.Burke, the consensus national player of the year, was considered the best point-guard prospect, and when considering the importance of that position, there was no way he would last until the Jazz picked 14th.The predraft buzz had the Orlando Magic taking the Wolverines sophomore with the second pick. Indiana's Victor Oladipo was going first to the Cleveland Cavaliers.There was a comfort level with Orlando. Former Pistons executive Scott Perry, a former Michigan assistant, is now the vice president/assistant general manager in Orlando and the Burkes were familiar with Perry.WORST-CASE SCENARIO?The New Orleans Pelicans, picking sixth, needed a point guard. There was word the Pistons might be interested so eighth was the floor.It all changed when the Cavs surprised everyone by picking UNLV forward Anthony Bennett first.The Magic quickly took Oladipo, and the Pelicans picked Kentucky center Nerlens Noel, who they traded to the 76ers for point guard Jrue Holiday.The Pistons were determined to make a playoff push and were in the market for a veteran point guard in free agency. They picked Georgia shooting guard Kentavious Caldwell-Pope - setting off a draft night uprising from Michigan fans hoping the Pistons would take the local product.The Jazz front office had a sense draft night would unfold in such a manner and worked the phones and found a natural partner in the Timberwolves, who were targeting Caldwell-Pope at No. 9.When the Timberwolves - who have point guard Ricky Rubio - picked Burke, there was a sense something was up. The Jazz got its point guard by trading the 14th and 21st picks of the draft to the Timberwolves."If Detroit hadn't of taken KCP, I don't know if we would have been able to get Trey," Jazz vice president of player personnel Walt Perrin said.There is status in draft position. And Utah doesn't exactly have the reputation of South Beach nor Broadway when it comes to destinations for 20-somethings.But there wasn't much disappointment.The wants of 20-somethings are different from fathers. Burke's father said the situation is ideal considering the reputation of the Miller family, who has owned the Jazz franchise for nearly 30 years."For one, it's more of a family city, it's not as fast-paced," Benji Burke said. "The Miller family has run this organization the same way for years. I think that's why they've been successful in the past because they have the right type of guys here. They want high-character guys here. They don't want guys to come here and just be kind of partyers, they want them to be professional and about their business."EARLY SUCCESSThere was quick adversity when a broken right index finger suffered in an exhibition game forced Burke to miss the first 12 games of the regular season.The Jazz is rebuilding, so some lumps were expected - but it was the last team to win this season and started 1-14.Burke was tossed right into the starting lineup.A 22-point defeat at Oklahoma City where he managed only four points was an early low point. But a victory over Chicago followed the next night, and the Jazz started playing better.He quickly zoomed up the rookie charts behind the 76ers' Michael Carter-Williams and Oladipo.There was a 21-point, six-assist night in a win over the Rockets. There was a 30-point, eight-assist, seven-rebound night in a victory at Orlando.Then he gave Michigan fans temporary validation when he went for 20 points and 12 assists in a 21-point thumping of the Pistons at the Palace.The top highlight might be his winning shot against the Magic on March 22 - roughly one year after his 30-footer against Kansas propelled Michigan into overtime and on to the Elite Eight."I don't know why, but at the end of games, for some reason, I just get more confident," Burke told reporters two days later. "I just think it's natural. I think it's something I've embraced from a young age."Failing so many times, playing this game my whole life, losing so many close games, losing in the national championship. I've already experienced failures. It's kind of like if I do miss a shot, you got to move on, you got to find a way to find the courage to take that shot again. I think that's something I really embrace."GOOD TEAMMATEBurke - who is averaging 12.4 points and 5.3 assists - has quickly become a favorite among his NBA teammates.Veterans Marvin Williams and John Lucas III have taken on mentor roles with the collection of young players, and Burke has become a sponge for their advice.Burke lives next door to Williams, who says things can get pretty loud when Burke is going against his friends at video games. He has threatened to call the authorities - he jokes.But Burke is all business on the floor, and Williams enjoys playing with him."He got the ability to create his own shot, and he's really good at creating for others," Williams said. "To see such a young point guard have that ability is really exciting to kind of play with him because a lot of time point guards don't develop both of those things until later in their careers."THAT 'DAWG'But Burke isn't a finished product. He is one of the worst shooters among starting point guards in the league, although the Jazz expects that to improve.He started to slump after the big night against the Pistons as the grind of the regular season started to wear him down."His body hurts in places he didn't know there were muscles before, and that's part of being a young guy in this league," coach Ty Corbin said. "I remember my first 82-game season, it's a long haul, and until you go through it and people talk to you about it and you say, 'I'm ready, I'm ready.' And then you go through it and it's like, 'Wow.' "The All-Star break offered a nice breather, and the Jazz wants Burke to take a break from the game when the season concludes."We didn't have to tell him, he hit the wall," Lucas said. "I was telling him everybody does it and you're not the only one. It's what you put in your body. You can't eat Wendy's anymore; you can't eat at McDonald's anymore because now you're playing at a different level."It's 82 games, you're flying, you got to eat healthy."Burke is also walking that tightrope common to young point guards with the ability to score - when to get buckets and when to defer.The Jazz has scoring options in Gordon Hayward, Enes Kanter and Derrick Favors, but the group is learning to play together.The night of Burke's winning shot against the Magic, it worked well as Hayward found Burke open in the corner. In the March 24 loss to the Pistons, Burke missed open jumpers early and the whole team struggled.All interested parties say Burke needs to add strength and bulk to his 6-foot frame. He is not blindingly quick so he has to learn to set up defenders.But Lucas is a believer that Burke will get it.Simply put, Burke has that "dawg" personality that Lucas sees in Russell Westbrook and Derrick Rose, Lucas' teammate for two seasons with the Bulls.They are different types of point guards, but mentally, Lucas can see the comparison to Rose.Lucas recalled the time when fervor swept the league while Jeremy Lin was playing for the Knicks in 2012. Players called talk calling him the best point guard in the Eastern Conference after only a couple of weeks foolish.So Rose was jealous when Deron Williams dropped 38 points on Lin.An angry expression came over Lucas' face as he tried to re-create Rose's reaction."He was on the plane like, 'Luke, awww! I wanted to be the one to dethrone him!' "Lucas said Rose picked up Lin full-court the next time they saw the Knicks "and you never seen Derrick pick nobody up full-court before on the first jump ball. That's the intensity (Burke) has."The what-if gameReading all of this probably will anger Pistons fans even more - considering not a week goes by without someone calling the drafting of Caldwell-Pope a mistake.Both players have downplayed any rivalry, and Caldwell-Pope even called Burke a friend recently.But Burke and his father admitted it crosses their mind: What would have happened if the Pistons had picked Burke?Benji Burke thinks it's a good thing Burke is with the Jazz. Playing so close to Ann Arbor influences might not have been the best thing for his son."I think he's right where he belongs," he said. "Going to Detroit, I just think there would have been too many distractions for him, being a young guy, on his own, being a rookie. I just think he needed to be away a little bit so he could grow and develop and mature off the court, and I think this is the perfect city to start and end your career."Trey Burke says people ask him about the Pistons and the draft all the time, so he can't put it completely behind him.But ultimately he is in Salt Lake City and Caldwell-Pope is in Detroit. There is no use in wasting brain cells thinking about what-ifs."You think about it sometimes, but not really because it didn't happen, so it's kind of like these wild imaginations in your mind," Burke said. "The media, they blow that up so much about if I would have been there or if he would have been somewhere else. Some people get the perception that we're not friends off the court, but we have a good relationship."That's just a 'what-if' really. A lot of people ask me about the Detroit thing, but it didn't happen so I love where I'm at." Copyright 2014 Detroit_Free_Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Island Packet is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts. © 2014 www.islandpacket.com and wire service sources. All Rights Reserved. http://www.islandpacket. 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- Apr 08 Tue 2014 20:27
How to make homemade tortillas that you'll love
ForecastMyrtleBeachOnline. All Tourist InfoVacation PlannerCalendarWhere to stayGolfShoppingReal EstateRecent HeadlinesTourism 2014 starts off wobblyNew rides, stores coming to Broadway at the BeachCrown Reef overhaul, including new water park, expected to be ready by summerGrand Strand’s short-term rentals worth five times the number estimated in recent studyMore Tourist Info GoToMyrtleBeach.comCheck our our new vacation planning site, with accommodations, restaurants, things to do and more. Food & DrinkHow to make homemade tortillas that you'll loveBy JAMES P. By JAMES P. Horry County school board warms to new building planBack in the mid-1800s, tensions were mounting between the U.S. and Mexico. Contemporaneously, many Roman Catholic, Irish immigrants to the U.S. were experiencing discrimination in their mostly Protestant adopted home.With hostilities breaking out between us and our neighbor to the south, a number of these Irish immigrants, sympathizing with Mexico as another poor, Catholic nation put upon by Protestant overlords, left the U.S. and formed an artillery battalion within the Mexican army.With St. Patrick's Day still on our minds, and in commemoration of "Los San Patricios," as they were known, we're making fresh corn tortillas.WHY YOU NEED TO LEARN THISMy lovely wife, who shuns packaged corn tortillas, said, "You should tell the people that even if they think they don't like corn tortillas, they'll love these." Consider yourselves told.THE STEPS YOU TAKECorn has been cultivated in the Americas for thousands of years and remains a major dietary component for much of the population. One thing about corn, though: If you eat it fresh, you can't access one of its vitamins: niacin (vitamin B3). A niacin deficiency can lead to a nasty little ailment called pellagra, whose symptoms include skin lesions, stomach problems and dementia.Seriously, in a food column? Yikes.Anyway, pre-Columbian peeps began soaking corn (or maize) in an alkaline solution (water mixed with ash). This soaking, called "nixtamalization," frees up the corn's niacin, making it available to us human consumers, lessening our risk of pellagra.Nixtamalization also dissolves the glue holding the husk of the kernel to the meat, called the endosperm. With the husks easily rubbed off and separated, the endosperm can be ground into a dough called "masa." Balls of masa were, and still are, flattened and cooked on a griddle, becoming the ancient flatbread known as tortillas.(If the soaked kernels are cooked instead of ground into masa, they're called hominy, large, white starchy kernels used in soups and stews, the best known of which is the Mexican pozole, a rich, red spicy broth garnished with hominy and bits of pork.)Now, as you've probably gathered, fresh masa is time-consuming and difficult to make, so we'll take a shortcut via the packaged, dried variety called masa harina. Masa harina resembles finely ground corn meal, but it isn't corn meal and don't try substituting it. Corn meal doesn't form dough like masa, so you won't be able to shape tortillas. Happily, you can find masa harina in Mexican groceries or supermarkets where there's a sizable Mexican-American population.With masa harina, cranking out fresh tortillas is pretty much easy peasy lemon squeezy. You don't even need a tortilla press, though they're relatively inexpensive and easy to find (again, anywhere with a sizable Mexican population).If you own a tortilla press, you probably don't need this tutorial. For the pressless masses, though, soldiering through this screed: Anything flat and heavy will suffice, like a plate or a pie pan or a manhole cover or a small, alien spacecraft. I like glass pie or cake pans because you can watch your masa transmogrify from dough ball to tortilla. Let's begin:1. Put a heavy pan or griddle over a medium to medium-high flame. While it's heating, make the dough. Figure one tortilla for each ounce of masa harina. For eight tortillas, we'll combine 1 cup of masa harina with 2/3 cup warm water and a quarter teaspoon of salt. Stir it with a spoon until the water is fully incorporated, a minute or two. Use your hands to form a dough ball. The ball should not be sticky nor should it be crumbly. Think Goldilocks. (You may need 2 to 4 tablespoons more water.) Divide the ball into eight equal pieces and cover them loosely with plastic wrap.2. Coat two sheets of plastic wrap with nonstick spray. Place a masa ball in the center of one sheet and cover it with the other sheet, sprayed side down.3. Center your flattening implement on top of the dough and press down to flatten it like a vanquished foe into a 6- or 7-inch circle, about 1/8-inch thick. Pressing the implement in a circular motion around the tortilla's circumference will give a bit more spread.4. Peel off the top sheet and flip the tortilla over onto your dominant hand. Peel off the bottom sheet and lay the tortilla on the hot pan and cook for 30 to 60 seconds, until the edges look dry. While it's cooking, press another tortilla. Flip the first with a spatula and cook until done: 15 seconds? A minute? You've eaten tortillas. You know what they look like. Remove and cover with a clean towel to keep warm.5. Make all eight tortillas, cooking and stacking as you go. You can wrap them and refrigerate for several days or use immediately. To use, rewarm on the griddle or place directly onto the burner over the flame for several seconds per side, just enough to warm them, not enough to set them on fire. Use for tacos or quesadillas, or cut into strips and deep-fry for chips, or just roll them up and eat them in their naked, delicious state. Copyright 2014 Chicago_Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Myrtle Beach Sun News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts. © 2014 www.myrtlebeachonline.com and wire service sources. All Rights Reserved. http://www.myrtlebeachonline. 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- Apr 08 Tue 2014 20:20
3 Stocks Reiterated As A Hold: FCX, PM, FSLR
Rates from Bankrate. Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. NEW YORK (TheStreet) -- TheStreet Ratings team reiterated 3 stocks with a hold rating on Monday based on 32 different data factors including general market action, fundamental analysis and technical indicators. 3 Stocks Reiterated As A Buy: HAL, AMGN, JNJFreeport-McMoRan Copper & Gold (FCX">FCX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. According to TheStreet Ratings team: The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass. The revenue growth came in higher than the industry average of 7.8%. Since the same quarter one year prior, revenues rose by 30.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock. The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Metals & Mining industry and the overall market, FREEPORT-MCMORAN COP&GOLD's return on equity has significantly outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500. The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has decreased by 4.8% when compared to the same quarter one year ago, dropping from $743.00 million to $707.00 million. Freeport-McMoRan Copper & Gold Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan Copper has a market cap of $34.7 billion and is part of the basic materials sector and metals & mining industry. Shares are down 11.7% year-to-date as of the close of trading on Friday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. 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- Apr 08 Tue 2014 20:07
Alnylam's McSwiggen patent upheld in European opposition proceedings
Alnylam Pharmaceuticals has announced that the European Patent Office (EPO) has upheld the McSwiggen EP 1423406 ('406) patent in oral opposition proceedings in Munich, Germany. The McSwiggen patent estate broadly describes chemical modifications of RNAi therapeutics that the company believes are critical for achieving 'drug-like' properties in siRNA, the molecules that mediate RNAi. The patent is owned by Alnylam, and was recently obtained through the company's acquisition of Sirna Therapeutics from Merck. The McSwiggen patent family comprises a core component of Alnylam's overall intellectual property (IP) estate for the advancement of RNAi therapeutics as a new class of medicines. Alnylam senior vice president and chief business officer Dr Laurence Reid noted the company is pleased with the European Patent Office's decision to uphold the '406 patent from our McSwiggen patent family, a key component of the IP estate we recently obtained through our acquisition of Sirna Therapeutics from Merck. "This patent has broad and significant claims describing chemical modifications of RNAi therapeutics, which we believe are critical for the development and commercialization of all RNAi therapeutics. "Our IP estate remains a cornerstone in our efforts to advance RNAi therapeutics to patients in need," Dr Reid added. The McSwiggen patent family includes 21 granted or issued patents around the world, including patents in the U.S. (7,923,547; 7,956,176; 7,989,612; 8,202,979; 8,232,383; 8,236,944; 8,242,257; 8,268,986; 8,273,866) and the EU (1423406; 1458741; 1627061; 2278004; 2287306), and generally describes the chemical modification of siRNA. - 10 or more pyrimidine nucleotides of the sense and/or antisense strand are chemically modified with 2'-deoxy, 2'-OMe, or 2'F with one or more phosphorothioate and/or a terminal cap at the 5', 3' or both, present in the same or different strand. Granted claims of the '406 patent as well as other granted Alnylam owned or licensed patents are provided on the company's website, and in aggregate broadly cover siRNA and their use in a wide range of lengths from 15 to 49 nucleotides, and chemical modifications with naturally or non-naturally occurring nucleotides, including, for example acyclic nucleotides such as those termed 'unlocked nucleobase analogs'. In addition, Alnylam's owned or licensed patents broadly cover delivery of RNAi therapeutics, including those that employ GalNAc-siRNA conjugate technology. Finally, Alnylam's IP estate also includes patents that broadly cover siRNA toward a wide range of disease targets. Comments may be moderated for spam, obscenities or defamation. Please enable JavaScript to view the comment. Piramal Healthcare is part of Piramal Enterprises Ltd. The Piramal Group is one of India’s leading business conglomerates. From its beginnings in the textile industry, the Piramal Group has diversified into many sectors, including healthcare, drug discovery and research, glass, real estate and financial services. 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- Apr 08 Tue 2014 20:02
Planned Stake By Billionaire Jack Ma Lifts China's Hundsun Technologies Stock By 10%
Or, you can log in or sign up using Forbes. Planned Stake By Billionaire Jack Ma Lifts China's Hundsun Technologies Stock By 10%comments, called-out Comment Now Follow Comments Following Comments Unfollow Comments Comment Now Follow Comments Following Comments Unfollow Comments Shares in financial software company Hundsun Technologies rose by their 10% daily limit at the Shanghai Stock Exchange today on word of plans by Chinese e-commerce billionaire Jack Ma to purchase more than 20% of the company. Today was the first day of trade in the company’s stock since Hundsun Technologies said last Thursday that 17 individual shareholders of its holding company Hundsun Technologies Group had agreed to sell their shares to Zhejiang Finance Credit Network Technology, which is 99.1% owned by Ma. Zhejiang Finance will pay nearly 3.3 billion yuan, or $532 million for 100% of Hundsun Technologies Group, which in turn holds 20.6% of Hundsun Technologies. Hundsun Technologies sells software to banks, brokers, insurers and fund management companies. Ma’s firm would become its biggest shareholder if China’s Ministry of Commerce approves the investment. Hundsun’s shares rose even through Zhejiang Finance said at a press conference last Friday that it has no plans to inject new assets into the business in the next 12 months. Ma is investing in Hundsun because he is optimistic about the growth prospects for China’s financial services industry, according to a company statement. Ma, a former English teacher who has become a Chinese Internet industry icon, chairs Alibaba Group, China’s largest e-commerce business that is 24% owned by Yahoo and 36% owned by Softbank. Alibaba Group is expected to raise roughly $20 billion in an IPO this year that would likely rank among the world’s largest and value the company at more than $150 billion. Buyers of Hundsun today hoped that a bit of Ma’s success at Alibaba will also make its way to Hundsun. Move up http://i.forbesimg. Please log in or sign up to comment. Forbes writers have the ability to call out member comments they find particularly interesting. Called-out comments are highlighted across the Forbes network. You'll be notified if your comment is called out. I'm a senior editor and the Shanghai bureau chief of Forbes magazine. Now in my 13th year at Forbes, I compile the Forbes China Rich List, Hong Kong Rich List and Taiwan Rich List. I was previously a correspondent for Bloomberg News in Taipei and Shanghai and for the Asian Wall Street Journal in Taipei. I'm a Massachusetts native, fluent Mandarin speaker, and hold degrees from the University of Vermont and the University of Wisconsin at Madison. Sequoia Capital leads the list of investors this year. 2014 Forbes. 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- Apr 08 Tue 2014 20:00
Tanzania: Media Cautioned As Rwanda Marks Genocide
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Liberia: Micat Announces New Radio Program... Nigeria: Forces Deployed to Nip Terror in... Rwanda: Sombre Mood As Rwandans Mark 20 Year... TANZANIA has reiterated that its diplomatic relations with Rwanda were good and cautioned the media against using the pen to incite conflict. Addressing participants at the 20th commemoration of the 1994 genocide in Rwanda in Dar es Salaam, the Minister of State in the President's Office (Special Duties), Prof Mark Mwandosya, stressed that the media played a prominent and negative role in the tragic happening. He observed that words can cause more injury than physical harm, urging the media to use their pen more to heal than harm. The minister added that the two countries share a lot in common, including language among those living along the common border, joint development projects and joint peacekeeping forces in Darfur and other international trouble spots. "There is a saying that goes thus; one can choose a friend but not a neighbour -- but in the case of Rwanda and Tanzania, we are both friends and neighbour. We want to see this being sustained and not destroyed," he added. He said words written or broadcast through the media sow hatred that can plunge countries and societies into war, stressing that the media should distance itself from words that can harm the people of Tanzania and Rwanda. Prof Mwandosya suggested that to nurture the good relationship between the two countries, both governments should revive neighbourly visits, citing Ngara in Kagera region as an example and restoring passenger bus services between Kigali and Dar es Salaam. "We must avoid letting the Fourth Estate regulate our diplomatic. We need to nurture the good relationship that we have," he explained, stressing the United Nations mission should liaise with the Ministry of Education and Vocational Training and the Ministry of Foreign Affairs to have guided tours of youth at the genocide's memorial site in Rwanda. The Rwandan High Commissioner, Mr Benjamin Rugangazi, said the 1994 genocide was the darkest period of Rwandan history, noting that the country is, however, determined to survive and build a secure and peaceful nation. He said the genocide should be a reminder to the continent and the whole world to the fact that the evil that is in the human heart is a reality. "We must strive to ensure that global citizens take the responsibility of treating each other with dignity," he suggested. Mr Rugangazi said the Rwanda High Commmission will hold a similar event in Ngara, Kagera Region, to commemorate the genocide. A total of 917 bodies were retrieved from Kagera River and buried in the area. "What happened in 1994 has inspired Rwandans to build a stronger society capable of resisting elements of hatred. Rwanda owed its success to good governance that was achieved through reconciliation and forgiveness with the support of the International Community," he stressed. The United Nations Secretary General Representative, Dr Jama Gulaid, said the world has not forgotten what happened in Rwanda in 1994, noting that Rwanda is an inspiration to many countries that reconciliation is possible. The International Criminal Tribunal for Rwanda (ICTR) Registrar, who is also the United Nations Assistant Secretary General, Mr Bongani Majola, commented that the genocide should serve as a reminder to renew efforts and commitment to ensure such atrocities do not happen again. "The genocide shows what man is capable of when his instincts are pushed that way," Mr Majola noted, referring to the hate speeches and articles from the then ruling government and the media in Rwanda. A seventeen member delegation from the Judicial Service Commission of Tanzania yesterday paid a working visit to their … see more » Copyright © 2014 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us. Rwanda: Biofortified Beans to Fight 'Hidden Hunger'... Rwanda: Genocide Survivor Tells of Three Months in... Rwanda: U.S.$34 Million to Strengthen Post-Harvest... Tanzania: Zanzibar Must Protect, Promote Its Lucrati... Media»Liberia: Micat Announces New Radio Program to Suppor... Egypt: ANHRI Demands to Halt Interrogating Journalis... Liberia: MICAT Broadcast New Radio Program to Suppor... Kenya: Daniel "Churchill" Ndambuki Becomes First... According to some members of the Constituent Assembly, President Jakaya ... President Jakaya Kikwete will inaugurate the Constituent Assembly as the country ... According to the Arusha District Commissioner, funding for HIV/Aids ... Daily NewsTanzania: Wanted - Home Grown Development PoliciesTanzania: Zanzibar Must Protect, Promote Its Lucrative Tourism SectorTanzania: Banks Drive Up Business At Dar BourseTanzania: NBC Launches More Insurance ProductsTanzania: 'Electronic Wallet' U. Governance»Lesotho: IFC-Negotiated Privately Run Hospita... Sudan: South Sudan Ruling Party Official Urge... Kenya: Fight Against Terrorism Splits Jubilee... Liberia: Ebola Outbreak Creates Political... Middle East and Africa»Egypt: Saudi Arabia Releases 35 Egyptian Fish... Egypt: Egyptian Embassy in Riyadh - No Prior... Somalia: Isreal Warns Its Citizens to Travel... Sudan: Sudan Welcomes Saudi Arabia's Decision... Zimbabwe: Mugabe in Dubai to Set Up 'Diamond'... Water»Eritrea: Inhabitants of Berikh Sub-Zone Engag... Zambia: Zambia to Attend U.S. South Africa: Limpopo Learners Play Their...(SAnews.gov. Namibia: U. Religion»Kenya: UN Checking on Condition of Arrested... Central African Republic: Getting Into CAR,... Africa: Human Trafficking Brings Shame to... Liberia: Pray for Liberia, Pres. Sirleaf Conf... Kenya: UN Checking on Condition of Arrested... Egypt: Egypt 'Tightens the Vice' On Dissent... Egypt: Saudi Arabia Releases 35 Egyptian Fish... Zambia: Barriers to Youths Accessing HIV Medi... Education»Egypt: Azhar University Suspends 27 Students... Liberia: Adjust Academic Calendar Over Ebola,... Liberia: In the CU Audit Report, Where Did... Uganda: South Korea Boosts Uganda Vocational... AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 2000 news and information items daily from over 130 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Lagos, Monrovia, Nairobi and Washington DC. 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- Apr 08 Tue 2014 19:53
TABLE TENNIS: Tom Watmore lifts three titles on Cirencester's finals night
A DECENT crowd watched some really competitive singles and doubles matches on the Cirencester Table Tennis League finals night. It was a good night for Tom Watmore who lifted three titles. In the Division Three singles, brothers Stan and Jake Shilton fought out a five-set match with Stan winning the final set 11-8. Scores were 12-10, 11-8, 5-11, 7-11 & 11-8. The Division Two singles finals went to four sets with Liu Zhigang beating Otaka Klempt 11-9, 9-11, 11-9 and 11-8. The Mixed Doubles saw Mark Hobbs and Debbie Quinlivan beat Simon and Carl Philp in three sets (11-6, 11-7 & 11-7). Dave Greaney and Tom Watmore cruised to a three-set win in the Open Doubles over Andy Hurley and Nick Watts (11-4, 11-7 and 11-3). In the Ladies' Singles final Carol Philp got the better of Debbie Quinlivan in a straight three-set win that was very close with good rallies from both players. Carol won 12-10, 11-6 and 11-9. The Veterans Singles saw Tom Watmore overcome Steve Mollart 11-8, 6-11, 11-4 & 11-7. Tom knuckled down after losing the second set and proceeded to dominate the match to its conclusion. Open Singles: Tom Watmore won by a walkover as Billy Shilton had been called up for the England squad. Junior Singles: Jake Shilton won by a walkover as Ben Glover had a Stroud League final to play in. Winners: Jake & Stan; runners-up – Joe & David. Log in or Register to get comment alerts. Remember you are personally responsible for what you post on this site and must abide by our site terms. Do not post anything that is false, abusive or malicious. If you wish to complain, please use the ‘report this post’ link. Newsquest Media (Southern) Ltd, 58 Church Street, Weybridge, Surrey. We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use. 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- Apr 08 Tue 2014 19:33
Ex-premier calls for party conference after student protest
Taipei, April 8 (CNA) Former Premier Frank Hsieh said Tuesday that if the opposition democratic Progressive Party (DPP) has a sense of crisis because of the ongoing student protest at the Legislative Yuan, it should convene a party conference for thorough discussion of the issue. Hsieh was referring to the student-led Sunflower Movement that stormed the Legislature March 18 over a controversial cross-Taiwan Strait trade-in-services agreement and has occupied it ever since. The student protesters announced a day earlier that they will end their occupation of the Legislature April 10 after their main demands were met, including an oversight law on cross-strait agreements and a pledge from Legislative Speaker Wang Jin-pyng to enact the monitoring law before any review of the service trade pact. Hsieh said on his Facebook page that DPP lawmakers have worked hard and made contributions to the movement -- DPP lawmakers have taken turns to guard the doors of the Legislature to shield the students inside since the occupation began, and DPP heavyweights also joined the students in their sit-in in the Executive Yuan compound March 23-24 and in a massive protest rally in front of the Presidential Office March 30. However, Hsieh also noted that a lot of people have also faulted the DPP for being passive in the opposition movement and for being visibly marginalized. The critics have questioned whether the DPP is actually capable of safeguarding Taiwan's future, Hsieh said. In response, DPP spokesman Lin Chun-hsien said only that he respects Hsieh's view. Hung Chih-kun, a DPP central executive member, said he supports Hsieh's suggestion of a party conference, but added that Hsieh, DPP Chairman Su Tseng-chang and former DPP Chairwoman Tsai Ing-wen should have a frank talk to help solve the problems with the party's image. Otherwise, a party conference will be redundant, Hung said. One party source said the DPP will discuss follow-up actions in the wake of the student movement at the regular DPP Central Standing Committee meeting the ollowing day. DPP Legislator Lin Shu-fen also said on her Facebook page that the party cannot pretend that the protest has nothing to do with what she described as the DPP's incapacity to fulfil its role. Lin said the major task for the DPP is to engage in soul-searching, reflecting upon its path and finding the problems within. "If we don't do the work and don't reflect upon ourselves, it will not be too long before we're turned away from the people," Lin said. Her colleague, Huang Wei-che, said that the DPP was unable to find its role in the student movement and that the party is in dilemma because it could neither involve itself too deeply nor too lightly in the movement. He also said that after the students withdraw from the Legislature, the DPP will play the role of monitoring the government. Gartner: Semiconductor manufacturing equipment spending declines 11. U.S. US consumer borrowing up $16. Taiwan News © 2014 All Rights Reserved. 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