Tag Archives: wednesday

Asian shares mixed

HONG KONG: Asian shares were mixed on Thursday as fears about Europe’s debt crisis deepened after Germany, considered the pillar of the eurozone, failed to sell all its bonds in an auction.
While some markets managed to eke out small gains thanks to bargain-buying, the ongoing woes in Europe as well as the slowing global economy pushed investors to the sidelines.
Tokyo fell 1.38 percent by the break as it played catch-up with regional losses on Wednesday, when it was closed for a public holiday.

Hong Kong lost 0.44 percent and Shanghai gave up 0.68 percent. But Seoul rose 0.22 percent and Sydney was 0.41 percent higher.

A German government bond auction Wednesday drew some of the weakest demand since the introduction of the euro, signalling diminishing investor appetite even for the safest eurozone assets.

Berlin only managed to draw bids of 3.9 billion euros for its six billion euro 10-year bond auction, indicating that investors are now sceptical about even the safest assets in the eurozone.

The failure comes days after Moody’s warned that France’s weak growth and exposure to European debt could see it lose its cherished AAA debt rating, which would send its borrowing costs soaring. (AFP)

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Prosecutors to resume their case in Hosni Mubarak’s trial

 Cairo (CNN) — Prosecutors are scheduled to continue their case Wednesday in the trial of former Egyptian President Hosni Mubarak, who is accused of ordering protesters killed during the country’s uprising last year.

The former president also faces corruption charges. He has pleaded not guilty.
Prosecutors started presenting their case Tuesday with their opening statements.
“Mubarak is a tyrant who aimed to hand the rule to his younger son Gamal, who promoted corruption in Egypt, allowing his friends and relatives to destroy the country without accountability,” Suleiman told the court, according to Khaled Abu Bakr, a civil rights lawyer involved in the trial.
As during his previous appearances, Mubarak was wheeled into the courtroom on a stretcher, with a green blanket draped over him.
After hearing Suleiman speak for an hour Tuesday, the judge adjourned the court until Wednesday.
Abu Bakr said he expected a verdict “before January 25, the anniversary of the revolution,” referring to the beginning of the uprising that ended Mubarak’s 30-year rule in February.
Many Egyptians are critical of the court proceedings and some worry that Mubarak may be acquitted of the murder charges. Five police officers accused of killing protesters were acquitted last week.
Mubarak’s health has been in question since his detention began in April after reports of his cancer and heart problems surfaced in the media.
Former Egyptian Interior Minister Habib El Adly, six of his aides and two of Mubarak’s sons are also on trial on a variety of charges.Sons Gamal and Alaa have also pleaded not guilty.

About 840 people died and more than 6,000 were wounded in the 18 days of uprising that toppled Mubarak, according to Amnesty International.

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Bravo ton takes Windies to mammoth total

 MUMBAI: Darren Bravo continued his dream run with a third century in four Tests to help the West Indies post a mammoth 575-9 on the second day of the third and final Test against India on Wednesday.
Bravo, cousin of former West Indies batting great Brian Lara, dominated the Indian attack with a superb 166 as the tourists scored 308 runs on a batsmen’s day after resuming at 267-2.
Kieran Powell (81), who replaced injured batsman Shivnarine Chanderpaul, and Marlon Samuels (61) also made merry on a batting track at the Wankhede Stadium in Mumbai.
The West Indies’ batting flourished for a second successive day, with the top-six batsmen all scoring a half-century or more — only the fifth instance in the history of Test cricket.
The left-handed pair of Bravo and Powell consolidated their team’s position with a 160-run stand for the fourth wicket to virtually shatter India’s hopes of making a clean sweep.

The hosts lead 2-0 in the series after winning the opening Test in New Delhi by five wickets and the second match in Kolkata by an innings and 15 runs.

Powell hit nine fours in his second half-century in four Tests before being caught behind off spinner Pragyan Ojha while Bravo became debutant seamer Varun Aaron’s first Test victim, caught behind while attempting to drive.

The day belonged to Bravo, whose superb run in Test cricket began in Bangladesh where he scored 195 in Dhaka for his maiden hundred in his team’s series-clinching victory early this month.

The 22-year-old then cracked a brilliant 136 against India in the last innings of the previous Test in Kolkata before scoring a second successive hundred on Wednesday.

Bravo, 57 overnight, completed his century in the morning with an aggressive shot when he square-drove off-spinner Ravichandran Ashwin for a boundary. He hit 17 fours in his 284-ball knock.

It was another frustrating day for India on a pitch offering no help to bowlers as they could take just two wickets in the opening two sessions, with paceman Ishant Sharma and Ojha bagging one each.
India skipper Mahendra Singh Dhoni also pressed part-timers Sachin Tendulkar and Virender Sehwag into the attack in a desperate bid to break the Bravo-Powell stand before Aaron struck thrice in four overs in the evening.Aaron also bowled Carlton Baugh (four) and had skipper Darren Sammy (three) caught by wicket-keeper Dhoni, who took five catches.He nearly got another wicket but Dhoni missed a difficult chance off Samuels when the batsman was on 46.Sharma was rewarded for his hard work in the opening session when he had Kirk Edwards (86) caught behind with a delivery that moved away.Edwards, 65 overnight, looked set for his third century in six Tests as he began on an impressive note, flicking and pulling Aaron for two fours in the opening hour.
He hit 13 fours in his 165-ball knock and added 164 for the third wicket with Bravo. (AFP)

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