Milan investors bullish on banks after Italy-EU deal on MPS

ROME, June 1 (Xinhua) — Investors were bullish on banks Thursday after Italy and the European Union (EU) reached an initial agreement on the precautionary recapitalization of the troubled Monte dei Paschi di Siena (MPS) bank. This means the Italian Treasury can step in to rescue MPS after its shareholders and junior bondholders take losses, […]

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One dead, two missing in corn milling plant explosion in Midwest U.S.

CHICAGO, June 1 (Xinhua) — At least one person was killed and two other workers went missing during a corn milling plant explosion late Wednesday in the state of Wisconsin in the U.S. Midwest, local media ABC news reported. More than 10 employees were injured in the incident at the Didion Milling plant in Cambria, […]

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Former transport minister appointed as Singapore’s ambassador to Japan

SINGAPORE, June 1 (Xinhua) — Singapore has appointed former transport minister Lui Tuck Yew as Singapores ambassador to Japan, said Ministry of Foreign Affairs (MFA) in a press statement on Thursday. Lui served as the Minister for Transport from 2011 to 2015 and concurrently Second Minister for Defence in 2015. He left politics in 2015 […]

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No major progress expected in upcoming talks for Turkey’s EU bid

ISTANBUL, June 1 (Xinhua) — As Turkey and the European Union (EU) prepare to revive long-stalled ties following a stormy period, analysts are not optimistic about the move yielding any significant progress in Ankara’s accession talks and seeing it as a means to keep up appearances for mutual interests. “Both sides have opted to continue […]

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Putin says Russophobia in West is counterproductive

ST. PETERSBURG, Russia, June 1 (Xinhua) — Russian President Vladimir Putin said on Thursday that Western hatred and fear of Russia is counterproductive and he hopes it will end soon. Russophobia is generated as the world is moving toward multipolarization and global hegemons do not like it, Putin said at a meeting with the heads […]

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American principal, one Saudi killed in Riyadh private school

RIYADH, May 31 (Xinhua) — Saudi security authority launched an investigation into the murder of a local and an American inside a famous private school in Riyadh on Wednesday morning, Okaz online news reported. The report confirmed that the killer who fled the scene is an Iraqi teacher who was sacked and he entered the […]

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Malaysia Airlines flight diverted back due to security incident

KUALA LUMPUR, May 31 (Xinhua) — A Malaysia Airlines flight from Melbourne to Kuala Lumpur flew back 20 minutes after it took off on Wednesday due to a “disruptive passenger,” the airline said in a statement. The MH128 plane made a turn back to Melbourne after the captain was alerted by a cabin crew that […]

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S.Korean prosecutors demand seven years in prison against ex-president’s confidante

SEOUL, May 31 (Xinhua) — South Korean prosecutors on Wednesday demanded seven years in prison against Choi Soon-sil, a decades-long confidante of the ousted president Park Geun-hye, over corruption allegations. Choi was taken into custody and stood trial over a string of corruption allegations, including bribery and closed-door intervention in state affairs. The imprisonment demand […]

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