Romney says 2012 race was 'roller coaster'

WASHINGTON: In his first interview since losing his 2012 White House bid, Mitt Romney likened his experience as a presidential candidate to an unpredictable and bumpy roller coaster ride.

"We were on a roller coaster, exciting and thrilling, ups and downs. But the ride ends," Romney said, according to advance excerpts of the interview set to air on "Fox News Sunday."

"And then you get off. And it's not like, 'Oh, can't we be on a roller coaster the rest of our life?' It's like, no, the ride's over."

Romney appeared with his wife Ann for the interview, the first either has given since the November 6 election that granted President Barack Obama his second term.

Ann Romney acknowledged that the transition from being surrounded by huge crowds and Secret Service agents around the clock to a far lower profile has been an "adjustment."

"We came and stepped forward to serve," she added.

"It was really quite a lot of energy and a lot of passion and a lot of people around us and all of a sudden, it was nothing.

"But the good news is, fortunately we like each other."

Romney, who has not had any major public appearances since his election loss, is set to speak in two weeks at a key conservative gathering, the Conservative Political Action Conference.

The former Massachusetts governor has been laying low since his defeat, popping up occasionally in photographs on social media sites that apparently depict him shopping or filling up his tank at the gas station.

When Senator John Kerry of Massachusetts left Congress to become secretary of state earlier this year, it opened up a race in his home state to fill his seat. Speculation swirled that Romney's oldest son Tagg might throw his hat in the ring, but he quickly ruled it out.

Romney aides have also rebuffed suggestions that his wife might consider running for the post.

- AFP/jc

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Obama to visit Russia in September

WASHINGTON: US President Barack Obama will visit Saint Petersburg for September's G20 summit and will also hold a meeting with President Vladimir Putin at the G8 summit in Northern Ireland in June.

The White House made the announcement Friday after the leaders spoke by phone to discuss the Syria crisis amid testy relations between Russia and the United States, which have deteriorated since Obama's first term.

Russia had hoped that Obama would pay an official visit to the country last year, his first since Putin returned to the presidency, but Washington's ties with Moscow have been uneasy, and the visit never took place.

Obama's announcement means that he will also not travel to Russia before the G20 summit, in another disappointment to the Kremlin.

Washington and Moscow have been especially at odds over Syria, and Russia's role in vetoing UN Security Council action to censure President Bashar al-Assad for his crackdown on an opposition revolt that has killed 70,000 people.

"The two presidents agreed on the need to advance a political transition to end the violence as soon as possible," said a White House statement, referring to Syria.

US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will continue to work together on the issue following their meeting in Berlin on Tuesday, the White House said.

A statement issued earlier from the Kremlin said that Putin noted the need to end "military activities" in Syria as soon as possible.

Russia also denounced a new US pledge to provide direct aid, but no arms, to Syrian rebel fighters, saying it will fuel more violence in the nearly two-year war.

Despite the tensions, Obama vowed in his State of the Union address in February to work with the Kremlin to reduce both Russian and American stockpiles of nuclear weapons.

Relations between Moscow and Washington have been especially harmed by the Obama administration's criticism of Moscow's deteriorating human rights record under Putin.

There has also been tension over adoptions of Russian orphans by US nationals in recent weeks.

The spat started after the US Congress passed a bill last year targeting Russian officials with sanctions over the prison death of Russian lawyer Sergei Magnitsky.

Russia retaliated with a ban on all US adoptions, saying Russian children in the United States were abused and even murdered by their adoptive parents.

One of Obama's major foreign policy achievements of his first term was a "reset" of relations with Russia engineered with former president Dmitry Medvedev, but the return of Putin has soured the mood.

-AFP/ac

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Polls close in crucial British by-election

LONDON: Polls closed in the southern English town of Eastleigh on Thursday in a by-election for a new member of parliament in a tight contest that threatens serious repercussions for Britain's main parties.

The election pits Prime Minister David Cameron's Conservative Party against its junior coalition partner, the Liberal Democrats, while the anti-EU UK Independence Party (UKIP) is hoping to capitalise on voter disillusionment. First results are expected around 0200 GMT.

The election was sparked by the resignation of disgraced former energy minister Chris Huhne, a Liberal Democrat who has pleaded guilty to trying to avoid a speeding fine.

Nick Clegg, the embattled deputy prime minister and Lib Dem leader, has called it a "two-horse race" between his party and the Conservatives, while UKIP leader Nigel Farage predicted a "big" swing to his party.

The Lib Dems have been damaged by an ongoing sex scandal surrounding the party's former chief executive Chris Rennard, and the vote looks set to cause ructions within an already strained coalition, whatever the result.

On the eve of polling, Cameron urged Conservatives to back candidate Maria Hutchings, who vowed to help "get the country back on its feet" if she won.

But senior Conservative David Davis warned that a loss for the party would place serious doubt over Cameron's leadership of the party.

"If we came third it would be a crisis," Davis told BBC television. "And if it's a close second with UKIP on our tail it will also be uncomfortable."

More than 79,000 people were eligible to vote for one of the 14 candidates, and residents have been subjected to incessant campaigning since the election was called after Huhne's resignation on February 5.

Clegg visited Eastleigh on Wednesday to pledge his support for candidate Mike Thornton, saying he was on the "cusp of a great, great victory".

Addressing supporters at Lib Dems headquarters, Clegg called the race the "most exciting and closely contested by-elections" that he could remember.

Farage backed his candidate, Diane James, to "come up on the rails" and cause a major shock.

"If you gave me evens on us gaining more than 20 percent in this by-election I would have a very big bet," he said. "This is the campaign that has got momentum."

John O'Farrell, the candidate for the main opposition Labour party, is fighting not to finish in fourth place, and said he hoped voters would register their dissatisfaction at living standards by voting for his party.

-AFP/ac

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Japan's factory output up 1.0% in January

TOKYO: Japan's factory output for January rose a smaller-than-expected 1.0 per cent from the previous month, official data showed on Thursday.

The rise was weaker than a 1.5 per cent expansion expected by the market and a revised 2.4 per cent increase in December.

But the ministry maintained a positive view, saying in a monthly report: "Industrial production has bottomed out and shows some signs of picking up."

- AFP/ck

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Batman to lose son Robin

NEW YORK: Batman may be able to save the world, but he'll lose his sidekick Robin -- who in his current incarnation as his son -- in the upcoming Batman Incorporated comic book series.

DC Comics said the caped crusader's acrobatic young assistant, Batman alter ego Bruce Wayne's son Damian, will die in Wednesday's issue number eight.

"This master theme of damaged and ruined families was nowhere more in evidence than in the creation of Damian, the first 'Son of Batman' to be acknowledged in the canon," series writer Grant Morrison said in a statement.

"In many ways this has been Damian's story as much as it has been the story of Bruce Wayne and it's a story that had its end planned a long time ago -- for what son could ever hope to replace a father like Batman, who never dies?"

The good news for those who might miss Robin is that this is the comics universe and characters who are killed can easily return. Even a previous incarnation of Robin was killed and resurrected before.

"You can never say never in a comic book," Morrison told the New York Post. "Batman will ultimately always have a partner."

-AFP/gn

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NY Times to rebrand Herald Tribune in its own image

NEW YORK: For a decade the International Herald Tribune has been the global edition of the New York Times in all but name. On Monday, the parent company made it official.

In a statement, the New York Times Company said the 125-year-old offshoot of the defunct New York Herald Tribune will be rechristened sometime this fall as the International New York Times.

"The digital revolution has turned the New York Times from being a great American newspaper to becoming one of the world's best-known news providers," said New York Times Company chief executive Mark Thompson.

"We want to exploit that opportunity," said the former BBC boss, adding that a new website for international readers is also in the pipeline.

The International Herald Tribune (IHT) was co-owned by the New York Times and the Washington Post from 1967 until 2003, when the Times became its sole proprietor and restyled it as "the global edition of the New York Times."

It almost exclusively showcased New York Times content in a bid to appeal to high-earning anglophone globe-trotters in competition with global editions of the Wall Street Journal and Britain's Financial Times.

Sold in more than 160 countries and territories, it has a daily circulation of more than 226,000, an IHT spokeswoman told AFP by email.

Prior to 1967 the IHT was known as the Paris edition of the New York Herald Tribune -- immortalized in Jean-Luc Godard's New Wave classic "Breathless" by Jean Seberg in a tight yellow T-shirt hawking copies on the Champs-Elysees.

The New York Times published an international edition under its own name from 1946 until it bought into "the Trib" and helped oversee its development as a global media brand through the use of satellite printing plants.

"I have to say I'm sorry to see the Herald Tribune go," said Charles Robertson, author of "The International Herald Tribune: The First 100 Years" and an IHT reader since his childhood in Switzerland.

"I suppose, once the Times pushed out the Washington Post, it was probably inevitable," Robertson, a professor emeritus at Smith College in Northampton, Massachusetts, told AFP.

News of the rebranding came less than three weeks after the New York Times Company posted a 2012 group profit of $133 million, compared with a loss of $39.7 million in 2011.

It gave no breakdown of profit or loss figures for its newspapers, but earlier this month it said it was putting the Boston Globe and other New England assets up for sale to focus on its eponymous core product.

"The New York Times is a very strong brand in the United States (and) there are enough people globally who still read it," said Joscelyn MacKay, senior securities analyst at Morningstar in Chicago.

"The content itself will have to become a bit more global ... but I think it is a definite feasible target for them," she told AFP.

"Whether or not it's going to move the needle over the long run remains to be seen, given the challenges that print media faces."

The International New York Times "will be edited from Hong Kong, Paris, London and New York," according to Monday's statement, and new investments will be made "in print, web and mobile platforms."

IHT spokeswoman Vicky Taylor, in an email from London, said there are "currently no plans to cut staff numbers or offer buyouts."

Half of those on the IHT payroll are in France, where labor costs are higher than the United States or Britain.

"In many ways it will be business as usual at the IHT because as an organization we've already taken significant steps to align with the New York Times to the benefit of readers and advertisers," Taylor said.

"Making the full transition to a multi-platform International New York Times is the next logical step."

-AFP/ac

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Golf: Kuchar downs Mahan to win WGC Match Play crown

MARANA: Matt Kuchar denied Hunter Mahan a World Golf Championships Match Play Championship title repeat, triumphing over his fellow American 2 and 1 in Sunday's final at Dove Mountain.

Kuchar, eliminated by Mahan in the quarter-finals of the elite 64-man event last year, avenged that defeat as he prevented Mahan from joining Tiger Woods as the only back-to-back winners of the title.

Mahan was the first defending champion to return to the final since 2006 winner Geoff Ogilvy of Australia was runner-up in 2007.

Kuchar never trailed in the championship match, and in fact trailed for just three holes the entire week. The victory was his first in a WGC event and his fifth on the US PGA Tour.

Australian Jason Day was third, defeating former champion Ian Poulter of England in the consolation final 1-up.

Kuchar's triumph capped a wild week in the Arizona desert, where a snowstorm that halted first-round play on Wednesday was just the first surprise.

When the first round was finally completed on Thursday, the top two players in the world, Rory McIlroy and Tiger Woods, were on their way home, and the second round saw the next four seeds -- Luke Donald, Louis Oosthuizen and Justin Rose -- eliminated as well.

The delays, which also included some morning frost delays, made for long days. But after the third round and quarter-finals were contested on Saturday, Poulter was looking a good bet to challenge for the title.

But Poulter, whose match play credentials include an unblemished Ryder Cup singles record as well as a triumph in this event in 2010 and in the World Match Play Championship in Spain in 2011, fell to Mahan in the semi-finals on Sunday morning, when a biting wind made for tough going.

"It was tricky," the Englishman said. "It was a lot windier today. Hunter never gave me too many opportunities. A couple of chip shots weren't quite right, couple of bunker shots weren't quite right. I'm a bit disappointed I didn't press him more."

Mahan never trailed en route to a 4 and 3 victory over Poulter. He went 1-up at the second hole, and after Poulter squared the match with a par at the fourth, the American immediately regained the advantage with a birdie at the fifth and from there never relinquished the lead.

Kuchar rolled in a five-footer for birdie at the 15th to close out a 4 and 3 semi-final win over Day, who was unable to make his 22-footer to extend the match.

- AFP/jc

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Britain's top Catholic in 'inappropriate acts' row: report

LONDON: Britain's most senior Roman Catholic cleric, who is due to vote on Pope Benedict XVI's successor, has been reported to the Vatican over claims of inappropriate behaviour, the Observer reported on Sunday.

Cardinal Keith O'Brien, leader of the Catholic Church in Scotland, contests allegations by three priests and a former priest which were sent to Rome a week before Pope Benedict's resignation on February 11.

The four claimants, from the diocese of St Andrews and Edinburgh in Scotland, reported to nuncio Antonio Mennini, the Vatican's ambassador to Britain, that O'Brien had committed "inappropriate acts" going back 33 years.

One priest claims he received unwanted attention from the cardinal after a late-night drinking session. Another alleges that O'Brien used night prayers as cover for inappropriate contact, according to the paper.

O'Brien has a vote in the forthcoming papal conclave.

The claimants, who are demanding the cleric's resignation, are worried that their report will not be properly addressed if he is allowed to travel to Rome.

"It (the church) tends to cover up and protect the system at all costs," said one of the complainants, according to quotes published by the Observer newspaper.

"The church is beautiful, but it has a dark side and that has to do with accountability. If the system is to be improved, maybe it needs to be dismantled a bit."

O'Brien, who is due to retire next month, has angered the gay community with his conservative stance on homosexuality. He was named "bigot of the year" last year by the rights charity Stonewall.

He recently said that same-sex marriages would be "harmful to the physical, mental and spiritual well-being of those involved" and has long voiced opposition to gay adoption.

- AFP/jc

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US budget cuts can be avoided: Obama

WASHINGTON: President Barack Obama insisted Friday that mandatory government budget cuts set to kick in on March 1 -- known as the sequester -- were not "inevitable."

The cuts to defence and domestic spending were mandated in an agreement between Obama and his Republican foes to end a previous budget battle.

"I never think that anything is inevitable, we always have the opportunity to make the right decisions," Obama told reporters following a White House meeting with visiting Japanese Prime Minister Shinzo Abe.

"Hope springs eternal."

The consequences of the threatened sequester were supposed to be so punishing that Democrats and Republicans would have no choice but to reach a deal to reduce the deficit.

Obama also attempted to reassure financial markets in case the cuts do go forward.

"Unlike issues like the debt ceiling, the sequester going into effect will not threaten the world financial system, it's not the equivalent of the US defaulting on its obligations," Obama said.

"What it does mean though is that if the US is growing slower, other countries are growing slower."

Obama wants to use a "balanced" mix of spending cuts and tax revenue increases achieved by closing loopholes used by the wealthy to cut the US deficit, and says he will not sign a bill that harms the middle class.

Republicans, who lost a previous showdown with Obama over raising tax rates for the rich, say the debate over hiking taxes is closed.

They say they are willing to close loopholes, but only in the context of a sweeping reform of the tax code, and maintain that Obama wants to use proceeds from any immediate revenue rises for more bloated government spending.

Hundreds of thousands of public employees and private contractors are threatened by the cuts.

- AFP/jc

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Non-American or European Pope is good, poll finds

WASHINGTON: More than half of Catholics in the United States think it would be a good thing for the next pope to come from South America, Asia or Africa, a Pew Research Center poll said Thursday.

Another 20 per cent said it would not matter if Pope Benedict XVI's successor hails from a developing region of the world, while just 14 per cent thought it was a bad idea.

Pew's Forum on Religion and Public Life interviewed 1,504 Americans of all faiths, including 304 Catholics, shortly after the German-born pontiff's resignation announcement was made on February 11.

Fifty-one per cent of Catholic respondents said the next pope should "maintain the traditional positions of the Church."

Of those who thought he should take the Church in new directions, 15 per cent said he should get tougher on sex abuse and nine percent thought he should be more accepting of gays and marriage equality.

Just one percent believed he should be less strict about abortion.

Nearly one in four Americans are Catholics, making the Church the largest single denomination in the country -- and the United States the developed nation with the largest Catholic population.

- AFP/sf

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Sony bills coming PS4 console as future of gaming

NEW YORK: Sony unveiled a new-generation PlayStation 4 (PS4) system on Wednesday and laid out its vision for the "future of gaming" in a world rich with mobile gadgets and play streamed from the Internet cloud.

At a press event in New York, computer entertainment unit chief Andrew House said PS4 "represents a significant shift from thinking of PlayStation as a box or console to thinking of the PlayStation 4 as a leading place for play."

PS4 was designed to get to know players, ideally to the point of being able to predict which games people will buy and have them pre-loaded and ready to go.

It also allows live streaming of gameplay in real-time, letting friends virtually peer over one another's shoulders and even letting game makers to act as "directors" guiding players along.

Sony has also given a "green light" to building "the most powerful network for gaming in the world", according to David Perry, chief of Gaikai cloud gaming company purchased last year by Sony.

Gaikai specialises in letting people play video games streamed from the Internet "cloud" instead of buying titles on disks popped into consoles or computers.

"By combining PlayStation 4, PlayStation Network and social platforms, our vision is to create the first social network with meaning dedicated to games," Perry said during the event.

A button on the PS4 controller will let players instantly stream in-game action to friends in real time, and even allow someone to transfer control to more capable allies when stuck, according to Perry.

He expressed a vision of letting people access and play video games old or new on the Internet using PS4, smartphones, tablets or PS Vita handheld devices.

"We are exploring opportunity enabled by cloud technology with a long-term vision of making PlayStation technology available on any device," Perry said.

"This would fundamentally change the concept of game longevity, making any game new or old available to get up and running on any device, anywhere."

Sony needs to adapt to changing lifestyles while not alienating video game lovers devoted to its hardware.

Low-cost or free games on smartphones or tablet computers are increasing the pressure on video game companies to deliver experiences worth players' time and money.

With the press event still in progress, Sony had yet to indicate availability or pricing for the PS4. New-generation consoles are typically priced in the $400 to $500 range, and blockbuster game titles hit the market at $60 each.

-AFP/gn

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Japan logs worst January trade deficit of $17.4 bn

TOKYO: Japan logged its worst ever trade deficit for January due mainly to heavier fuel import bills, official data showed Wednesday.

Finance ministry figures showed the economy suffered a shortfall of 1.63 trillion yen, the worst deficit on record for the month. Comparable data began in 1979.

Economists had expected an average shortfall of 1.3 trillion yen.

Exports increased 6.4 percent to 4.8 trillion yen, posting the first rise in eight months on higher shipments of automobile parts and other items.

But imports rose 7.3 percent to 6.43 trillion yen as imports of petroleum products, natural liquefied gas and crude oil soared.

Japan's fuel imports have risen since the 2011 earthquake and tsunami disaster sparked the world's worst nuclear accident in a generation, sending most atomic power plants offline.

- AFP/sf

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Greater US military role in Mali likely after polls: senator

BAMAKO: The United States is likely to play a more active military role in Mali, where French-led forces are battling Islamist rebels, after the country holds elections, the chair of a key Senate sub-committee said Monday.

Washington has been providing intelligence, transport and mid-air refuelling to France, which launched its intervention last month, but cannot work directly with the Malian army until a democratically elected government replaces current leaders who came to power after a coup, said Christopher Coons, chair of the Senate foreign relations committee's Africa sub-committee.

"There is the hope that there will be additional support from the United States in these and other areas, but ... American law prohibits direct assistance to the Malian military following the coup," Coons told journalists in the Malian capital.

"After there is a full restoration of democracy, I would think it is likely that we will renew our direct support for the Malian military," added the senator, who led a bipartisan congressional delegation to Mali to meet with interim president Dioncounda Traore and French and African defence officials.

US military aid to Mali before the March 2012 coup consisted largely of training and equipment such as vehicles, a State Department official said.

But military assistance "would obviously be resumed in a way commensurate with the current needs. Priorities would have shifted a bit," the official added.

"There could be other kinds of assistance that had there not been a coup we could have provided, or requests for things now that we can't provide."

Some US lawmakers criticised President Barack Obama's administration last week for not doing more to help France in Mali.

"This is a NATO ally fighting Al-Qaeda-linked terrorists -- it shouldn't be that hard," said House foreign affairs committee chairman Ed Royce.

The hint of greater US involvement after elections adds to the complicated calculus of picking a date for the polls.

Traore, the interim president, has said he wants elections by July 31.

But critics say that is too soon given the problems Mali still faces, including ongoing insurgent attacks, a deeply divided military and hundreds of thousands of people who have fled their homes.

The minister responsible for organising the elections, Territorial Administration Minister Moussa Sinko Coulibaly, said last week the timeline "can be changed if necessary".

France, which launched its intervention on January 11 as Al-Qaeda-linked groups that had occupied the north for 10 months made incursions into government territory, is keen to share the military burden in Mali, and has announced plans to start bringing its 4,000 troops home in March.

The European Union formally approved a military training mission Monday that will be tasked with getting Mali's under-funded army ready to secure reclaimed territory.

But France is the only Western country with combat troops on the ground, and would like to hand over to some 6,000 west African troops who are slowly being deployed to help.

Mali imploded after a coup by soldiers who blamed the government for the army's humiliation at the hands of separatist rebels in the north.

With the capital in disarray, Al-Qaeda-linked fighters hijacked the independence rebellion and took control of a territory larger than Texas.

-AFP/ac

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Singapore's NODX up 0.5% on-year in January

SINGAPORE: Non-oil domestic exports (NODX) rose by 0.5 per cent on-year in January 2013, compared to the 16.3 per cent decrease in the previous month.

This was due to a rise in non-electronic NODX, which outweighed the decline in electronic NODX.

On a year-on-year basis, electronic NODX contracted by 5.6 per cent in January, after the 19.1 per cent decline in the previous month.

Meanwhile, non-electronic NODX expanded by 3.8 per cent on-year in January, compared to the 14.8 per cent decline in the previous month.

On a month-on-month seasonally adjusted basis, NODX fell 1.8 per cent in January, following the previous month's 4.2 per cent decline. This was attributed to a contraction in non electronic NODX, which outweighed an expansion in electronic NODX.

On a year-on-year basis, NODX to all of the top 10 NODX markets, except the EU 27, the US, Thailand, Hong Kong and South Korea, rose in January 2013. The top three contributors to the NODX rise in January 2013 were China, Taiwan and Japan.

-CNA/ir

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Tennis: Nadal struggles into Brazil Open final

SAO PAULO: Rafael Nadal struggled into the Brazil Open final on Saturday by downing Argentine lucky loser Martin Alund in three sets.

The former world number one, who is recovering from a knee injury, battled hard to dismiss his 27-year-old opponent, who is ranked 111 in the world, winning 6-3, 6-7 (2/7), 6-1 in nearly two hours.

Sunday's final will pit the 26-year-old Spanish star against Argentine David Nalbandian, who whipped Italian Simone Bolelli 6-3, 7-5 in 85 minutes in the other semi-final.

Nadal is the top seed in this $455,775 tournament, his second comeback event after a seven-month absence due to his knee injury and then illness.

Last week, he competed in the Vina del Mar Open in Chile, losing the singles and doubles finals.

Alund more than held his own against the world number five, prevailing in the second set before Nadal stepped on the gas and sealed victory with a masterful performance in the decisive third set.

The Spaniard, who has 11 Grand Slam titles, won the Brazil Open in 2005, when it was held in Costa do Sauipe in eastern Bahia state.

Last year, the tournament was moved to Sao Paulo.

The Brazil Open is part of the Latin American clay court swing, along with the Vina del Mar event and the Mexico Open, in Acapulco, where Nadal plans to compete later this month.

The three low-profile Latin American events are routinely ignored by the world's top three players -- Novak Djokovic, Roger Federer and Andy Murray.

- AFP/fa

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SEC alleges Swiss insider trading on Heinz buyout

NEW YORK: US regulators Friday obtained an emergency court order to freeze a Swiss bank account they suspect was used for insider trading ahead the Berkshire Hathaway-3G Capital buyout of HJ Heinz.

The Securities and Exchange Commission said unknown traders earned $1.7 million in profits through "irregular and highly suspicious" options trades on Heinz shares booked on Wednesday, one day before the announcement that Berkshire and 3G were acquiring Heinz in a $28 billion deal.

The SEC said it believed the traders had knowledge of the takeover ahead of the announcement early Thursday morning in New York.

The trades were "a serious red flag that traders may be improperly acting on confidential non-public information," said SEC enforcement official Daniel Hawke in a statement.

The acquisition announcement sent Heinz shares up nearly 20 percent from $60.8 per share to $72.50, the takeover offer price.

The value of the specific call options traded from the Swiss account jumped 1,700 percent in the same time frame, the SEC said.

Among the red flags cited by the SEC: the Swiss account had engaged in no trading of Heinz securities since September 1, 2012.

The SEC said freezing the account would prevent any profits from being withdrawn and force the unknown traders to come forward.

"Despite the obvious logistical challenges of investigating trades involving offshore accounts, we moved swiftly to locate and freeze the assets of these suspicious traders," said Sanjay Wadhwa, senior associate director of the SEC's New York regional office in a statement.

The traders "now have to make an appearance in court to explain their trading if they want their assets unfrozen."

- AFP/fa

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Obama says public deserves to know more on drones

WASHINGTON: President Barack Obama said Thursday that Americans needed more than just his word to be assured he was not misusing his powers in waging a secret drone war overseas.

The president was asked about the debate over the deadly tactic, a backbone of the US campaign against Al-Qaeda, and whether the Constitution allows the use of drones against Americans who have turned against their country.

"It is not sufficient for citizens to just take my word for it that we are doing the right thing," Obama told an online forum sponsored by Google.

The president, who has said he is working with Congress to provide more oversight of the clandestine drone war against Al-Qaeda, was also asked what was to stop the US government from using unmanned aerial vehicles at home.

"There has never been a drone used on an American citizen on American soil," Obama said in the Google Plus "Fireside Hangout."

"The rules outside the United States are going to be different than the rules inside of the United States in part because our capacity, for example, to capture terrorists in the United States is going to be very different than in the foothills or mountains of Afghanistan or Pakistan.

Debate about the use of drones has slowly been mounting following the September 2011 killing in Yemen of cleric Anwar al-Awlaki, a senior Al-Qaeda operative who was an American citizen.

The president said that he was working with Congress to ensure that the public was also able to understand the constraints and legal rationales of the US drone war.

"I am not somebody who believes that the president has the authority to do whatever he wants, or whatever she wants, whenever they want, just under the guise of counter terrorism," he added.

"There have to be checks and balances on it."

Some observers, including prominent senators, are considering whether a special court should monitor the secret drone war.

Missiles fired from unmanned aircraft have become the Obama administration's weapons of choice in its war against Al-Qaeda.

The administration's legal rationale for the targeted killings was leaked to the media ahead of Senate hearings last week on the nomination of Obama's top counterterrorism adviser John Brennan to head the CIA.

The guidelines allow the use of drone strikes against US citizens suspected of being senior Al-Qaeda operatives, even if there is no evidence they are actively plotting an attack.

Some administration critics have questioned the legality of drone strikes against US citizens, while others fear that raining death from the skies may do more harm than good in increasing anti-US sentiment.

- AFP/jc

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Zuckerberg owns nearly a third of Facebook: US regulators

SAN FRANCISCO: Mark Zuckerberg's stake in Facebook has climbed to nearly 30 percent since the leading social network made its dismal stock market debut, according to a filing Wednesday with US regulators.

Zuckerberg owns 632.65 million Facebook shares as compared with the slightly more than 500 million he held in September when the stock's sagging price prompted a promise he would not sell any for at least a year.

Zuckerberg sold about 30 million shares when the Menlo Park, California-based social network made its stock market debut in May at an opening price of $38.

Shares slid to a low of $17.55 in September but have regained ground, trading at $28.04 at the close of trading on the Nasdaq exchange on Wednesday.

Securities and Exchange Commission filings show Zuckerberg has been building his stake Facebook, the potential of which he contends is underestimated by the market.

One SEC filing showed that Zuckerberg acquired 18 million Facebook shares in mid-December at a price of zero, indicating they were tied to his compensation as chief of the social network.

-AFP/gn

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17 gunmen dead in Thai military base attack

 

BANGKOK, Thailand: Scores of heavily-armed gunmen stormed a military base in unrest-plagued southern Thailand, an army spokesman said on Wednesday, in a major assault that left at least 17 militants dead.

"Some 100 fully armed militants stormed the base, where there were 60 marines," Colonel Pramote Promin, southern army spokesman, told AFP.

He said the attack, one of the most ambitious in several years of violence in Thailand's three southernmost provinces, had left at least 17 assailants dead. No military casualties were reported.

- AFP/de

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Anti-whaling group takes battle to top US court

WASHINGTON: The Sea Shepherd conservation group asked the US Supreme Court on Monday to lift an order forcing it to steer clear of Japan's whalers, who are seeking legal reprisals over harassment at sea.

Since 2002, Sea Shepherd has annually disrupted Japan's contested hunt in the Southern Ocean but a US court issued an injunction on December 17 for the activists to stay at least 500 yards away from the whaling vessels.

Environmental lawyer Robert F. Kennedy Jr., the son and namesake of the slain political icon, urged the United States to show support for the Sea Shepherd Conservation Society and its fugitive founder Paul Watson.

"It's a mission that only they are capable of accomplishing and that is absolutely vital to the enforcement of international agreements on the high seas which otherwise go unenforced," Kennedy told reporters.

The International Whaling Commission has designated a whale sanctuary in the Southern Ocean. Japan kills whales in the area through a loophole in a 1986 moratorium on commercial whaling that allows lethal research.

Kennedy called Japan's government-supported Institute of Cetacean Research, which runs the whaling program and sued Sea Shepherd, "a pirate organisation masquerading as a scientific research group."

In a filing to the Supreme Court on Friday, Sea Shepherd and Watson said that the lower court "acted rashly" and voiced concern over the order's "extraordinarily long reach" to areas outside US jurisdiction.

The document said that the injunction marked "a potentially existential threat" to Sea Shepherd as more than 80 per cent of its funding comes from donations, which "may slow to a trickle" without the anti-whaling campaign.

The US Court of Appeals for the Ninth Circuit cited safety concerns when it issued the injunction, effective until a decision on the case.

The Institute of Cetacean Research hit back and was believed to have asked the judge to find Sea Shepherd in contempt of court -- which would potentially lead to punishment.

Sea Shepherd released a letter from a lawyer representing the institute, which complained that MV Brigitte Bardot, a former ocean racer named after the French actress and animal rights activist, violated the 500-yard injunction on January 29.

The letter warned of legal action unless Sea Shepherd ordered the Brigitte Bardot to comply with the injunction or returned it to port.

The Oregon-based group contended that it was observing the injunction, saying that the Brigitte Bardot sails under an Australian flag and is operated by Sea Shepherd's Australian sister organisation.

Japan's institute is "just like a bully who is finally challenged and runs to his mommy," said Scott West, the director of intelligence and investigation for US Sea Shepherd.

Sea Shepherd boasted that it has prevented Japan from killing whales this season. Japan, which makes no secret that meat from whaling ends up on dinner plates, accuses Western nations of disrespecting its cultural traditions.

Gavin Carter, a US-based spokesman for the Institute of Cetacean Research, called Sea Shepherd's Supreme Court filing an "unusual approach."

Watson, a dual US and Canadian citizen, has kept his whereabouts unknown since July, when he jumped bail in Germany, where he was arrested on charges from Costa Rica related to a confrontation over shark finning.

- AFP/jc

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