Beijing and Hanoi have a long-standing dispute

[lynk2510]

can government reaped a small profit from the first sale of its shares in AMERICAN INTERNATIONAL GROUP since bailing out the insurer in 2008. The Treasury sold 200m shares and AIG a further 100m in the offering, which was priced at $29 a share, just above the Treasury's break-even point of $28.73. It hopes to sell the remainder of its stake, now reduced to around 77%, over the next two years.



Some followers of the Falun Gong spiritual movement filed a lawsuit in San Jose that accuses CISCO of helping China to construct a network surveillance system that tracked its members and Chinese dissidents. The allegations have surfaced before, in a Senate hearing. Cisco insists that there is "no basis" for the legal action and that it does not customise its products to "facilitate censorship or repression".



The Spanish government signalled that it planned to go ahead with a plan to privatise the national LOTTERY, which would create the world's biggest listed gambling company. The sale of 30% of the company that runs the lottery could fetch up to EURO7.5 billion ($10.6 billion) and go towards reducing Spain's debt pile.







Vietnam, China in sea spat

AFP 28 May 2011



Vietnam has accused Beijing of "violating" its marine sovereignty and worsening a row over disputed areas of the South China Sea after Chinese ships damaged a PetroVietnam exploration boat, state media said. The Vietnamese Foreign Ministry called on China to prevent any further incidents within what it described as its exclusive economic zone and provide compensation, Vietnam News Agency reported on Friday. Hanoi said three Chinese marine surveillance vessels had approached a ship operated by the state oil and gas firm PetroVietnam and cut its exploration cables. A complaint to the Chinese embassy in Hanoi said the incident "seriously violated Vietnam's sovereignty" and a 1982 United Nations convention on the law of the sea. It also "went against the spirit" of a 2002 agreement between China and the Association of Southeast Asian Nations (ASEAN).

Beijing and Hanoi have a long-standing dispute in the South China Sea over the sovereignty of the Paracel archipelago and the more southerly Spratlys, both potentially resource-rich rocky outcrops that straddle strategic shipping lanes. The area where the l
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[mrk3nx]

A small group of terrorists stormed a heavily protected military base in Karachi and held a part of it during an 18-hour firefight. Perhaps as few as six attackers were able to penetrate the base, wreck two aircraft and kill at least ten personnel; two of them escaped. The PAKISTANI TALIBAN claimed they did it in retaliation for the killing of Osama bin Laden.



The Tokyo Electric Power Company admitted that nuclear fuel in three of the reactors at its Fukushima power plant melted soon after the earthquake and tsunami that struck JAPAN on March 11th. The disclosure implies that the plant released much more radiation than TEPCO had first estimated.

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