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ABIDJAN, March 12 () -- Cote d'Ivoire's ex-prime minister Guillaume Soro was elected the president of the National Assembly (parliament) on Monday.Soro, the only candidate for the post, was elected with the approval of 236 out of the 249 deputies present at a session held in the West African country's political capital Yamoussoukro, 230 km north of the economic capital Abidjan. There was 12 abstentions.Secretary general of the ex-rebel New Forces (FN) in the north, Soro became the prime minister under the regime of ex-president Laurent Gbagbo after a peace accord was signed in Ouagadougou, the Burkina Faso capital, on March 4, 2007.He was named premier by President Alassane Ouattara after the presidential elections held in November 2010 amid a political standoff with Gbagbo, who claimed himself the winner of the elections.Soro remained the government leader under Ouattara in the post- election conflict, which ended with Gbagbo arrested on April 11.The country held the legislative elections in December 2011 and by-elections in February 2012 with the ruling RDR party winning the majority. The country had never held the legislative elections since 2000.Soro rendered resignation along with his cabinet to President Ouattara on Thursday, saying his election as a parliamentary member meant he could no longer exercise the powers of the executive branch.
DAMASCUS, Nov. 30 () -- The Syrian government released Wednesday 912 prisoners who were arrested during the months-old unrest and "don't have blood on their hands," the official SANA news agency reported.Earlier in November, the authorities set free as many as 1,180 detainees, as part of the government pledges to release those who were arrested during the eight-month-old unrest.Releasing those who were arrested during the unrest has topped the demands by protesters in the country and was part of a deal concluded lately between the Syrian government and the Arab League ministerial committee to bring the Syrian crisis to a close.Since taking office in July 2000, Syrian President Bashar al- Assad has ordered to release hundreds of political detainees.Related:Russia rejects arms embargo on Syria: FMMOSCOW, Nov. 29 () -- Russia rejects any arms embargo imposed on Syria and Moscow would try to avoid a repeat of the Libyan scenario in the country, Russian Foreign Minister Sergei Lavrov said Tuesday.After his meeting with Arab countries' ambassadors to Russia, Lavrov told a news conference that lessons should be learnt from the situation in Libya, where an embargo on arms supplies was "only applied to the Libyan army." Full storyInt'l organizations should play constructive roles in Syria: FMBEIJING, Nov. 29 () -- International organizations including The United Nations Human Rights Council (UNHRC) should play their due constructive roles in helping calm ongoing unrest in Syria, a Chinese Foreign Ministry spokesman said Tuesday.A commission authorized by the UNHRC accused the Syrian government of violating human rights Monday, while Damascus defended its handling of the situation, saying armed groups were responsible for violence in the country. Full story
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MADRID, Feb. 28 () -- Real Madrid's Chilean coach Manuel Pellegrini had plenty of reasons to be content after watching his side win 5-1 in Tenerife. Last week Madrid had put six past Villarreal, while this Saturday two goals from Gonzalo Higuain put them on the way to another big win against the team second from bottom of Spain's BBVA Primera Liga. "The team is in form and I am pleased with the way the group is playing. When they play at this level as a group, then their individual talent can flourish," said Pellegrini in Sunday's edition of sports paper Diario AS. "There are always things to improve, maybe we gave a few things away in defence against Tenerife and we have to control the ball better, but we are working day after day to improve," he added. Pellegrini's side has scored 64 goals in the Primera Liga this season, but Pellegrini was unwilling to take any of the credit. "It's down to the conviction of the team. We have options in defense and we continually open up spaces in attack and look to use the wings," he said, before sending a message of support to his homeland, which suffered an earthquake on Saturday morning.
MADRID, May 7 () -- Rodrigo Rato, the President of the Spanish bank, Bankia resigned from his post this Monday amid rumors that the Spanish government and the Bank of Spain (BOE) are bailing out the bank with over 7 billion euros.Rato said that his resignation was "the most convenient thing for the organization," and recommended Jose Ignacio Goirigolzari as his replacement in an official communique.The appointment of 55 year-old Goirigolzari is certain to be controversial, given that he took an early retirement from the bank in 2009 with a yearly pension of 3 mllion euros a year.Sources from the Ministry of the Economy had earlier told Spanish national TV station, RTVE that the bailout plan will also include changes in the internal organization of the bank and that the money would come in the form of contingent convertible bonds.Bankia is thought to be at risk as a result of billions of euros it has committed in the Spanish housing and construction industry, of which a large proportion was thought to be of high risk, given the state of the Spanish construction industry and the continued fall in both housing prices and sales.Spanish Prime Minister Mariano Rajoy commented earlier in the day that Friday's cabinet meeting would announce "important measures" regarding the financial system"The objective is for there not to be any doubts about financial entities and to show they are solvent.""The final option is to inject public money into the banks. We would not renounce that if it were necessary, as has happened in other countries and as also happened in the past in Spain," he told radio station Onda Cero in what was his first interview with a public broadcaster since winning the General election on November 20th last year.The Madrid stock market on Monday reacted to the news that Bankia could be in need of government aid with shares in the entity falling by over 3 percent by 14.30 local time.
[url=http://www.mlbjerseysoutletstore.com]Atlanta Braves Jerseys[/url]MOGADISHU, Feb. 17 () -- A bomb attack hit a government building in the Somali capital Mogadishu on Friday, witnesses reported.Smoke was billowing into the sky after a car bomb went off inside the compound of the building housing a police unit against crime, witnesses told . No casualties have been reported.Al-Shabaab linked to Al-Qaida has escalated attacks in the war- torn capital recently, although under mounting pressure from the government forces, the African Union (AU) peacekeeping mission, the Kenyan military operation in the south of the Horn of Africa country and the anti-terror action by Ethiopia.Al-Shabaab was driven out of Mogadishu in August 2011 by the government and AU peacekeeping forces. The latest attack came after Al-Qaida announced the merger with Al-Shabab a few days ago.
CHICAGO, Dec. 31 () -- Gold prices have managed to harvest its 11th consecutive year of growth with a drastic surge followed by a deep correction in 2011.On Friday, the last trading day of the New York Mercantile Exchange, benchmark gold contract for February delivery rose 25.9 U.S. dollars and closed at 1,566.8 dollars an ounce, up 1.7 percent.For the year, gold prices have risen by 145.4 dollars an ounce, or up 10.2 percent. But after the deep correction near the end of the year, growth in prices is much lower than the 29.7 percent recorded in 2010.PRICES APPROACH 2,000 DOLLARS AN ONCEAt the beginning of 2011, gold prices rose steadily, carrying on the momentum of the bull market in 2010.Later on, as the political turmoil in some Middle East and North African countries continued, investors flocked to safe-haven assets like gold.As oil prices surged too, investors were also buying up gold as a hedge against inflation.The escalating sovereign debt crisis in Europe also reinforced risk-aversion among investors.Since July, investors have been increasingly worried about a potentially devastating default by the U.S. federal government on its debt as politicians in Washington were engaged in bitter partisan fight over raising the country's borrowing limit.In early August, Standard & Poor's, one of the three global ratings agencies, stripped the United States of its top-notch rating, citing mounting federal fiscal deficits and political inaction in Washington to put its messy fiscal house back into order.The U.S. government debt has long played a fundamental role in the global financial system. A default could cause unprecedented financial turmoil.As people were doubting the credit-worthiness of Uncle Sam, more and more investors rushed to gold, pushing prices over 1,400, 1,500 and 1,600 dollars an ounce.Moreover, as the U.S. economic growth spluttered, investors were seeing the Federal Reserve as more likely to launch the third Quantitative Easing Policy, dubbed QE3, to jumpstart the stalled economy.The QE3, effectively a money-printing operation that will push up inflation sooner or later, benefited the gold market.Such strong stimuli pushed the risk-aversion tendency in the market to the peak. Various funds poured into the gold market, pushing the gold prices over 1,700 and 1,800 dollars an ounce in August. At that moment, 1,900 dollars an ounce seemed close at hand.Investment banking institutions, like Goldman Sachs and Citibank, released reports to forecast a higher gold price in the future.J.P. Morgen Chase & Co. made an even bolder prediction in early August that the gold price would reach 2,500 dollars an ounce by the end of 2011.PRICES STOP AT 1,900 DOLLARS AN ONCEGold prices climbed to a record of 1923.70 dollars an ounce on Sept. 6 but did not stay there for long. After several times of fluctuations, gold prices plunged by as much as 200 dollars in the next four days since Sept. 21.On Sept. 23, gold prices dropped by 101.9 dollars, 5.9 percent, the biggest one-day drop over the last five years.Gold prices closed below 1,600 dollars an ounce on Sept. 26, hitting a record low since July 8.Although gold prices rebounded afterward, the depressed sentiment has overshadowed the market till the end of this year.Mike Daly, a senior gold analyst of U.S financial group PFG Best, said the slump was caused by the overheated market anticipations for gold prices and the deepening European debt crisis, which drove prices of commodities and stocks lower, prompting investors to dump gold to cover losses in other markets.BULL MARKET ENDED?Investors worried that the 11th consecutive rise in gold prices might end next year.Daly said the chance of the gold prices going up is much bigger than going down in the future. The gold price would hit a record high again in the first half of next year, reaching at least 2,100 dollars an ounce.Though there is too much uncertainty in the future, gold is still a safe asset in the volatile market, he said.Fabio Fois, a European economist from Barclays Capital, predicted that gold prices would reach 2,000 U.S. an ounce in 2012.He said the demand for gold reserve by the central banks of countries like China and India would be a strong support for gold price.However, Ira Epstein from American Linn Group said the gold has lost its attraction to investors unless the global inflation emerges again, which seemed quite impossible in the short term.
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