September 29, 2012
By IAN AUSTEN
Canada's government had vigorously resisted calls and a court order to bring back Omar Khadr, who was 15 years old when he was captured by American forces in Afghanistan.
By ANNE BARNARD and HWAIDA SAAD
A vast and well-preserved labyrinth of storehouses, schools and courtyards in Aleppo was damaged on Saturday as fierce clashes between security forces and insurgents continued.
By ELLEN BARRY
The parliamentary election has become a referendum on the trade-offs of the so-called Rose Revolution.
By C. J. CHIVERS
Unable to pursue the rebels on the ground through the farmland and mountains of Idlib and Aleppo Provinces, government forces drop bombs and shell villages where rebels are active, endangering civilians.
The riot police sought to subdue protesters hurling stones as a funeral march for a young demonstrator killed the day before turned violent.
By ELISABETTA POVOLEDO
The trial of Paolo Gabriele comes as the Roman Catholic Church is racked by a pedophilia scandal, internal disputes and challenges to preserve its moral authoritativeness within rapidly changing societies.
Sep 29, 2012
Qatar worried about value of dollar and euro
Saturday, September 29, 2012
RIYADH, Saudi Arabia -- Wealthy Qatar, a major investor in U.S. and European assets, worries that haphazard attempts by countries to shore up their economies could weaken the dollar and the euro, its prime minister said.
"What should happen is we should have a full package with a full strategy to solve the problems," Sheikh Hamad bin Jassim al-Thani, who also heads the country's sovereign wealth fund, Qatar Investment Authority (QIA), told U.S. financial broadcaster CNBC in an interview aired on Friday.
This month the U.S. Federal Reserve announced a program of heavy purchases of mortgage-backed securities in an effort to boost employment, but the U.S. government has so far failed to reassure financial markets that it has an effective plan to cut its budget deficit and boost economic growth.
The European Central Bank has also said it will buy bonds to protect economies from the euro zone debt crisis, but governments of weak countries such as Greece and Spain have not persuaded investors their debts can be cut to safe levels.
Sheikh Hamad said the central banks were right to act to prevent worse crises, but added: "With more printing money, without having a strategy, I believe the value of the money will go down very soon."
He did not give details of the economic measures which he believed Western countries should be taking, but said the risk of further volatility in markets was making investors such as Qatar cautious. Analysts have estimated the size of Qatar's sovereign wealth fund at around $100 billion.
"There are some questions with no answer up to now," he told CNBC.
However, Sheikh Hamad added that Qatar would retain holdings of strategic stocks and buy when prices dropped, and that it would continue to make new investments in promising assets.
He said he was optimistic about the longer-term future of the banking industry, since better regulation and capital-raising would strengthen banks after some years. He noted that QIA had a strategic stake in Credit Suisse and owned about 1 percent of Bank of America and 5 percent of Santander Brasil among other banks.
The gas-rich Gulf state has bought more than $5 billion or $6 billion of real estate assets over the last four to five months, mostly in the United States and Europe, Sheikh Hamad said. "If there is some good opportunity, why not?" he said of investing in crisis-hit Europe.
Qatar, which owns just over 12 percent of Xstrata (XTA.L), will help to determine the success or failure of Glencore's $32 billion offer for the miner.
Glencore was forced earlier this month to raise its bid price, offering 3.05 new shares for every Xstrata share instead of 2.8, after Qatari pressure. As a condition, however, Glencore imposed its own chief executive and largest single shareholder, Ivan Glasenberg, at the head of the combined group.
Xstrata's directors face a Monday deadline to decide their position on Glencore's higher offer.
Sheikh Hamad told CNBC: "We have no problem with the new price," but added, "Other aspects (of the proposed deal) have to be studied." He declined to elaborate.
This week Reuters quoted banking sources as saying Qatar Holding, one of the country's investment vehicles, was in advanced talks to buy a 49-percent stake in Brazilian billionaire Eike Batista's gold firm AUX for about $2 billion.
Qatar Holding subsequently issued a statement denying that such talks had taken place.
However, asked about Qatar's intentions towards AUX, Sheikh Hamad told CNBC: "We're studying it. Still there is no commitment from our side." Details of the proposal need to be presented to the board, he added without elaborating.
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