Asian hedge fund industry faces challenges ahead

SINGAPORE: Hedge fund managers said industry consolidation and increased regulatory oversight with accompanying costs are the top two challenges facing the industry in the next one to two years.This is according to a pool of 100 hedge fund managers interviewed by accounting firm, Ernst and Young.Many also pointed to a downward pressure on fees, resulting in a drop in revenues.Hedge funds...

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We source all our ingredients locally: McDonald's India

NEW DELHI: Fast food chain McDonald's today disputed the remark of Leader of the Opposition Sushma Swaraj in Parliament that it does not buy local produce, saying all the ingredients used in its products in India are sourced from within the country. "Before setting up its business in India, McDonald's had made a commitment to government on local sourcing of its entire raw material requirement. "We...

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Asperger's dropped from revised diagnosis manual

CHICAGO (AP) — The now familiar term "Asperger's disorder" is being dropped. And abnormally bad and frequent temper tantrums will be given a scientific-sounding diagnosis called DMDD. But "dyslexia" and other learning disorders remain.The revisions come in the first major rewrite in nearly 20 years of the diagnostic guide used by the nation's psychiatrists. Changes were approved Saturday.Full details...

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Republicans Weigh 'Doomsday' Fiscal Cliff Plan

Dec 3, 2012 9:39am Alex Wong/Getty ImagesRepublicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely.  It’s quite simple:  House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and offer the President nothing more:  no extension of the debt ceiling,...

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Netanyahu brushes off world condemnation of settlement plans

JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu on Sunday brushed off world condemnation of Israel's plans to expand Jewish settlements after the Palestinians won de facto U.N. recognition of statehood. "We will carry on building in Jerusalem and in all the places that are on the map of Israel's strategic interests," a defiant Netanyahu said at the weekly cabinet meeting. ...

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Netball: Singapore pick up second victory in Nations Cup

SINGAPORE: Singapore picked up its second victory at the Netball Nations Cup on Monday.The hosts defeated the Republic of Ireland 54-34 at the Toa Payoh Sports Hall.Singapore narrowly beat Malaysia 44-42 on Sunday.But it was an easier task against the Republic of Ireland, the lowest ranked team in the six-nation tournament.The Singapore girls took control early and led all the way.The...

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Cauvery water issue: Tamil Nadu says centre soft on Karnataka

NEW DELHI: Since Karnataka is heading for assembly elections in 2013, the central government may not be pushing it hard to release Cauvery water for Tamil Nadu, the Supreme Court was told by a counsel on Monday."Karnataka elections are there. No direction will be given (to Karnataka to release water to Tamil Nadu)," Tamil Nadu's senior counsel CS Vaidyanathan told the apex court bench of Justice...

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Asperger's dropped from revised diagnosis manual

CHICAGO (AP) — The now familiar term "Asperger's disorder" is being dropped. And abnormally bad and frequent temper tantrums will be given a scientific-sounding diagnosis called DMDD. But "dyslexia" and other learning disorders remain.The revisions come in the first major rewrite in nearly 20 years of the diagnostic guide used by the nation's psychiatrists. Changes were approved Saturday.Full details...

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Geithner on Fiscal Cliff: Ball Is in GOP's Court

Dec 2, 2012 9:00am (ABC News)With the fiscal cliff looming and no deal to resolve it in sight, Treasury Secretary Timothy Geithner expressed confidence that a compromise could be reached during my interview with him on “This Week,” but said the burden is now on Republicans to help find a solution to avoid a potential economic crisis.(More from Sunday’s show HERE.)“I...

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Islamist protest shuts down Egypt's top court

CAIRO (Reuters) - Protests by Islamists allied to President Mohamed Mursi forced Egypt's highest court to adjourn its work indefinitely on Sunday, intensifying a conflict between some of the country's top judges and the head of state. The Supreme Constitutional Court said it would not convene until its judges could operate without "psychological and material pressure", saying protesters...

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