Arbitrator voids Sri Lanka oil hedge deal with Citibank
A Singapore-based international arbitrator on
Monday voided an oil hedging deal between Sri Lanka's state oil
company and Citibank, rejecting the bank's demand for $192 million
plus interest in payments it said it was owed, sources said.
Syrian army kills 136 in crackdown
Syrian forces killed nearly 140 people on Sunday
including at least 100 when the army stormed the flashpoint protest
city of Hama, activists said, prompting calls for emergency Security
Council talks. Activists said it was one of the deadliest days in
Syria since demonstrators first took to the streets on March 15
demanding democratic reforms before turning their wrath on the
regime and calling for its ouster.
NZ review to look at linking with Australia CO2 scheme
A report reviewing New Zealand’s carbon-trading
scheme will be released later this month and will look at how to
link with neighbouring Australia’s carbon-pricing programme, Climate
Change Minister Nick Smith said on Monday.
Papua New Guinea rattled by 6.8 quake
The Pacific island nation of Papua New Guinea
was jolted by a powerful 6.8-magnitude earthquake Monday, prompting
a minor tsunami warning, but there were no immediate reports of
damage or injuries. The US Geological Survey said the quake occurred
at a depth of 16 kilometres (10 miles), some 131 km (81 miles) east
of Wewak and 706 kilometres north of the capital Port Moresby.