Sunday, November 15, 2015

Paris attacks: France hits back, striking IS in Syria after Paris carnage

Paris attacks: France hits back, striking IS in Syria after Paris carnage

[PARS] French warplanes pounded the Islamic State group's de facto capital in Syria on Sunday, in the first such strikes since a wave of coordinated attacks claimed by the jihadists left 129 people dead in Paris.
As the nation prepared to mourn the victims of the carnage in a minute of silence on Monday, a dozen warplanes dropped 20 bombs on IS targets in the Islamists' stronghold of Raqa, signalling the French government's resolve in its fight against the group.
The strike destroyed an IS command post, jihadist recruitment centre, a munitions depot and a "terrorist" training camp, the defence ministry said.
The air raids came after President Francois Hollande called the Paris attacks - the worst in the country's history - an "act of war" and vowed to hit back "without mercy".
As the probe into the assault spread across Europe, French police released a photograph of a "dangerous" suspect wanted over the attacks.
The suspect, 26-year-old Salah Abdeslam said to be one of three brothers linked to the attacks, is also wanted by Belgium, which has issued an international arrest warrant for him.
He is believed to be either on the run or one of the gunmen who died during the attacks, security sources said. He lived in the poor immigrant Brussels neighbourhood of Molenbeek, where Belgian police made several arrests in connection with the Paris attacks.
Security sources said the wanted man's brother, 31-year-old Brahim Abdeslam, blew himself up outside a cafe on Boulevard Voltaire in eastern Paris, while the third brother is believed to be among seven people detained in Belgium.
Six other gunmen wearing suicide belts died during the attacks in the French capital - three at the Stade de France stadium and three at the Bataclan concert hall, the scene of the worst bloodshed.
The sports minister said at least one of the bombers who detonated their explosives near the stadium had tried to enter the venue where France were playing Germany in an international football match at the time.
As night fell over the jittery French capital on Sunday, crowds shocked by the brutality of the killings packed into the Notre-Dame cathedral to mourn the dead.
Prosecutors say they believe three groups of attackers were involved in the carnage, and they do not rule out that one or more assailants may still be at large.
It is now known that three of the suicide bombers were French nationals, two of whom lived in the Belgian capital Brussels.
In a further sign of the growing Belgian connection to the attacks, investigators said two cars used in the violence were hired in Belgium.
One was found near the Bataclan venue, and the other in the suburb of Montreuil east of Paris, with a number of AK47 rifles inside.
Witnesses said the second car, a black Seat, was used by gunmen who shot dozens of people in bars and restaurants in the hip Canal St Martin area of Paris.
The first attacker to be named by investigators was Omar Ismail Mostefai, a 29-year-old father and French citizen, who was identified by a severed finger found among the carnage at the Bataclan, where 89 people were killed after heavily armed men in wearing explosives vests stormed the venue.
French police detained six people close to Mostefai, including his father, brother and sister-in-law, judicial sources said.
Born in the modest Paris suburb of Courcouronnes, he had eight convictions for petty crimes but had never served a prison sentence.
"It's a crazy thing, it's madness. Yesterday I was in Paris and I saw what a mess this was," one of his brothers told AFP before he was taken into custody on Saturday night.
In southern Germany, authorities were questioning a man from Montenegro found last week with a car-load of eight Kalashnikov rifles, three pistols and explosives.
The man, who had been heading for Paris, has refused to cooperate with police.
Meanwhile, the discovery of a Syrian passport near the body of one suicide attacker has raised fears that some of the assailants might have entered Europe as part of the huge influx of people fleeing Syria's civil war.
Greek and Serbian authorities have confirmed the passport was issued to a man who registered as a refugee in October on the island of Leros and applied for asylum in Serbia a few days later.
But European Commission President Jean-Claude Juncker, who has urged EU countries to take in more refugees, said there was no need for a complete review of the bloc's policies.
"Those who organised, who perpetrated the attacks are the very same people who the refugees are fleeing and not the opposite," he said.
Paris residents struggled to come to terms with the latest atrocities, 10 months after jihadists hit satirical magazine Charlie Hebdo and a Jewish supermarket.
Museums and parks were closed and Sunday markets empty, although thousands still flocked to lay flowers and light candles at the sites of the violence.
But in a sign of just how shaken people were, the sound of fire-crackers at Place de la Republique, where mourners were standing in quiet solidarity, sent scores fleeing in panic before they realised it was a false alarm.
"We need to get out, you shouldn't stay at home," 38-year-old Herve told AFP. "You need to go out and look, get a feel for yourself of what happened." The Islamic State group said they carried out the attacks in revenge for French air strikes in Syria and threatened further violence in France "as long as it continues its Crusader campaign".
World leaders united Sunday to denounce terrorism at a heavily-guarded G20 summit in Turkey and observed a minute's silence in respect of those who were killed.
"We stand in solidarity with France in hunting down the perpetrators of this crime and bringing them to justice," US President Barack Obama said after talks with his host, Turkish President Recep Tayyip Erdogan.
Russia's Vladimir Putin said overcoming global terror was possible only "if all the international community unites its efforts".
AFP

Paris attacks: Hospitals see 'scenes of war' in aftermath

Paris attacks: Hospitals see 'scenes of war' in aftermath

[PARIS] The injuries of Paris attack survivors resemble war wounds and many are in deep shock, hospital doctors treating the victims said on Sunday.
"It felt like scenes from a war," said Philippe Juvin, head of emergency services at the Georges Pompidou hospital in Paris, describing the arrival of gunshot victims from the attacks which killed at least 129 people and injured over 350.
Those with serious injuries, about a third of those hurt, were immediately rushed to operating theatres or into intensive care, said Dr Juvin, who has combat zone experience, including in Afghanistan.
The assailants' bullets ripped open stomachs, pierced thoraxes and caused blood haemorrhaging - injuries rarely seen outside areas of armed conflict.
The attackers used Kalashnikov assault rifles, typically loaded with 7.62-millimetre cartridges with coatings designed for maximum damage, doctors said.
"Most of the injured people had through-and-through bullet wounds, it was a horrible sight," said a surgeon at the Lariboisiere hospital who asked not to be named.
Eight of the hospital's twelve operating blocs were busy treating a terrifying number of broken jaws, cracked skulls, gouged-out eyes and smashed limbs.
"There was a feeling of great desolation," the surgeon said.
Doctors said they were struck by patients' deep state of shock "as if they had been drugged".
One 30-year old patient, who took a bullet in the liver, only asked "Is it serious?", one doctor recalled.
"It's as if they were petrified. They're not expressing any normal emotions," said Dr Dominique Pateron, head of emergency services at the Saint-Antoine hospital in Paris.
One patient, with a serious bullet wound to the arm, seemed detached from both the events and his own injuries.
"All he said was 'I don't know. I didn't see anything'," Dr Pateron said.
A major challenge for doctors is to divide patients up between the French capital's hospitals "to give them the greatest survival chance", said Didier Journois, head of Georges Pompidou's intensive anaesthetist unit.
Most of the attack victims will suffer after-effects, some for a long time to come, and many will have to undergo multiple surgeries, doctors predicted.
They cited the case of Philippe Lancon, a survivor of the Charlie Hebdo attack, who has had 13 operations for his fractured jaw since the January shooting.
AFP

Paris attacks expose US 'failures': lawmakers

Paris attacks expose US 'failures': lawmakers

[WASHINGTON] The US strategy against Islamic State came under growing fire in Washington on Sunday with one prominent Democrat calling it a failure that could lead to more attacks by the extremists like those in Paris.
President Barack Obama and top advisors vowed to stand by France and said they would intensify military coordination and intelligence sharing in the wake of the attacks Friday night, which left 129 dead in the French capital and were claimed by the IS group.
But Adam Schiff, the ranking Democrat on the House Intelligence Committee, said the administration has already been doing that and it has not been enough.
"I think the implications are this is not just an intelligence failure," Mr Schiff said on ABC's This Week show.
"It's a failure also of a coalition campaign because we have allowed ISIS to have sanctuary in Syria and Iraq with too much time to plan and plot, too much resources to be directed against us," he said, using an alternative acronym for the IS group.
"And unless that changes strategically, we can expect more attacks like this." The United States and its allies have been conducting air strikes against the IS group in Iraq and Syria for more than a year, while also picking off its leaders one by one in drone attacks.
But the extremists still hold large swaths of both countries and the attacks in Paris were seen as part of a new, terrifying phase aimed at taking the conflict directly to the West.
Mr Schiff raised the specter of the IS group hitting the US homeland for the first time.
While he believes that the United States presents a harder target than France, defending it "through the use of these intelligence resources is simply not enough."
But neither Mr Schiff nor Mr Obama's Republican critics have offered detailed specifics on how US strategy should change and there has been little public support in the United States for deploying US ground troops in war-ravaged Syria, where the IS group has its de facto capital.
In Washington, Defence Secretary Ashton Carter spoke by telephone with French counterpart Jean-Yves Le Drian to share information on what they were doing in response to the Paris attacks.
"They agreed on concrete steps the US and French militaries should take to further intensify our close cooperation in prosecuting a sustained campaign against ISIL," Pentagon press secretary Peter Cook said.
Mr Obama's deputy national security advisor, Ben Rhodes, said the United States will intensify air strikes on the IS group, the training and equipping of moderate rebel forces on the ground and the targeting of the extremists' leaders.
The Obama administration believes that by stepping up those efforts, "we'll be able to roll back ISIL and ultimately achieve that objective of defeating the organisation," Mr Rhodes said.
But Republican lawmakers dismissed the air campaign as "pinpricks" that do not add up to a comprehensive strategy.
"You can't fight ISIS unless you are willing to put a strategy together that deals with North Africa, the failure in Libya, the problems in the Sinai, Iraq and Syria, and the Afghanistan/Pakistan region," said Devin Nunes, chairman of the House Intelligence Committee, speaking on CBS's Face The Nation.
"And then - and I think more complicated - is what are the Europeans going to do now that it appears like ISIS has rooted themselves into Europe with a command and control structure?" Richard Burr, the powerful Republican head of the Senate Intelligence Committee, was also damning.
"We've got to have a strategy," he said. "We don't have a strategy in Syria as it relates to ISIL."
Republicans also attacked an assertion by Mr Obama in an interview with ABC conducted before the Paris attacks that IS was "contained." Mr Rhodes explained that the president meant geographically contained in Iraq and Syria.
AF
P

Paris attacks: Belgium launches international manhunt for suspect

Paris attacks: Belgium launches international manhunt for suspect

[BRUSSELS] Belgium has issued an international arrest warrant for a man suspected of having taken part in the Paris attacks with two of his brothers, a judicial source said Sunday.
Sources close to the investigation say they believe that the three brothers were involved in Friday's attacks that claimed at least 129 lives.
One of the brothers is on the run, one is in custody in Belgium - though it is unclear whether he took part in the rampage - while the third blew himself up outside a cafe on the bustling Boulevard Voltaire, sources said.
French police released a photo of the suspect they were looking for in connection with the attacks, naming him as 26-year-old Salah Abdeslam and describing him as a "dangerous individual".
The Belgian authorities are holding seven people for questioning in connection with the gun and suicide attacks in the French capital, and investigators have found that two cars used in the operation were rented in Belgium, prosecutors said.
It was previously announced that police made several arrests when they carried out raids Saturday in the poor immigrant Brussels neighbourhood of Molenbeek, which has been linked to past terror plots.
Belgian Prime Minister Charles Michel said Molenbeek, known as a hotbed of radicalisation, was a "gigantic problem".
As the investigation into the bloodshed widened, French police found an abandoned car containing assault rifles on the outskirts of Paris. Witnesses said the black Seat was used by one of three groups who carried out the deadliest attacks in France since World War 2.
Another car was found near the Bataclan concert hall, where 89 people were killed.
AFP

ECB stimulus decision depends on long-term trends: Mersch

ECB stimulus decision depends on long-term trends: Mersch  

[FRANKFURT] The European Central Bank will decide in early December whether to loosen monetary policy further and will contemplate long-term trends rather than short-term indicators, Executive Board member Yves Mersch told the French newspaper Les Echos on Sunday. "Inflation is expected to rise again at the beginning of next year owing to base effects on energy prices," Mersch said."However, analysts shouldn't focus so much on short-term data or on certain inflation expectations indices. Our approach is more holistic." The ECB has said it will decide at its Dec 3 meeting whether it needs to loosen policy to kick-start inflation. It has said an expansion of its 60 billion euro per month asset buying programme and a deposit rate cut are among options under discussion.
Mersch said cutting the deposit rate further into negative territory was a possibility, with both negative and positive consequences.
The rate cut could weaken the euro, which could boost both inflation and growth, but influencing the exchange rate was not a policy objective, even though the currency was a key policy transmission channel.
REUTERS

Obama urges Russia to join renewed effort to eliminate Islamic State

Obama urges Russia to join renewed effort to eliminate Islamic State

[BELEK, Turkey] US President Barack Obama vowed on Sunday to step up efforts to eliminate Islamic State and prevent more attacks like those in Paris, while urging Russia's Vladimir Putin to focus on combating the jihadist group in Syria.
A White House official said Obama and Putin agreed during a 35-minute meeting on the sidelines of a G20 summit in Turkey on the need for a political transition in Syria, saying events in Paris had made it all the more urgent.
The two-day summit brings Obama and fellow world leaders just 500 km (310 miles) from Syria, whose 4-1/2-year conflict has transformed Islamic State into a global security threat and spawned Europe's largest migration flows since World War Two.
Obama described Friday's killing of more than 120 people in Paris, claimed by the radical Sunni militant group, as an attack on the civilised world and said the United States would work with France to hunt down those responsible. "The skies have been darkened by the horrific attacks that took place in Paris just a day and a half ago," Obama said. "We will redouble our efforts, working with other members of the coalition, to bring about a peaceful transition in Syria and to eliminate Daesh as a force that can create so much pain and suffering for people in Paris, in Ankara, and in other parts of the globe," he said, using the Arabic acronym for Islamic State.
US-led efforts to combat Islamic State were complicated when Russia joined the conflict a month and a half ago, targeting what the West says are mainly areas where foreign-backed fighters are battling Assad, Moscow's ally, rather than Islamic State.
The United States, Turkey and their allies want Assad out.
Obama huddled with Putin during a working lunch and the two agreed on the need for a Syrian-led transition including UN-mediated talks, the White House official said.
Putin and Obama talked "extensively", Russian news agencies cited top Kremlin foreign policy adviser Yuri Ushakov as saying. "Strategic objectives relating to the fight against the Islamic State are, in principle, very similar, but there are differences on the tactics side," he said.
Their meeting builds on progress in Vienna, where foreign ministers on Saturday outlined a plan for a political process in Syria leading to elections within two years, although differences over Assad's role remain.
The Paris attacks again demonstrated how Islamic State poses a threat far beyond its strongholds in Syria and Iraq.
Washington already expects France to retaliate by taking on a larger role in the US-led coalition's bombing campaign against Islamic State (ISIL).
UN Secretary-General Ban Ki-moon said he welcomed the renewed sense of urgency to find a solution to the war in Syria after the Paris attacks, adding the world had a "rare moment" of diplomatic opportunity to end the violence.
Obama wants to coax other European and Middle Eastern countries into more tangible steps to show their military commitment. He met Saudi Arabia's King Salman, discussing the need to support the moderate Syrian opposition and the Iraqi government in the fight against Islamic State.
Obama said he also discussed in a meeting with Turkish President Tayyip Erdogan coordinating efforts to fortify the border with Syria, which Islamic State has used to smuggle supplies and foreign fighters.
The coordinated attacks by gunmen and suicide bombers in Paris on Friday put Obama and other leaders of the world's major economies under increased pressure to find common cause.
It remains to be seen, however, whether Washington itself has an appetite for much deeper involvement after already stepping up air strikes and committing small numbers of special operations troops to northern Syria to advise opposition forces in the fight against Islamic State.
The Paris carnage, in which 129 people were killed in attacks on a concert hall, restaurants, bars and a sports stadium, also poses a major challenge for Europe, with populist leaders rushing to demand an end to an influx of refugees and migrants from the Middle East and Africa.
In a diplomatic coup for Europe and for Turkey, the G20 leaders will agree that migration is a global problem that must be addressed in a coordinated way, according to a draft communique seen by Reuters, although it has yet to be accepted by all and is due to be published on Monday.
Europe and Turkey, the most heavily hit by the crisis, had been pushing for the G20 to recognise the issue as a global problem and help to deal with it financially, despite opposition from China, India and Russia. A million migrants from the Middle East and Africa are expected to come to Europe this year alone.
According to a separate draft statement, they also agreed to step up border controls and aviation security in the wake of the Paris attacks, which they condemned as "heinous".
REUTER
S

As China firms walk out on Wall St, spurned investors demand payback

As China firms walk out on Wall St, spurned investors demand payback

[HONG KONG] Chinese firms listed in New York are finding out the hard way that it's easier to love global investors than leave them.
As dozens plan buyouts and a return home in search of higher valuations, companies that were once Wall Street's darlings for the first time face the wrath of minority shareholders. Asset managers are publicly demanding better premiums, reflecting historical valuations and not 2015's slide.
In deals collectively worth USUS$40 billion, some 33 mainland China companies have unveiled plans this year to be taken private and delisted from the Unites States, according to Thomson Reuters data. But a cottage industry of hedge funds and lawyers is coalescing around those determined not to accept low-ball bids for their assets. "We want to put as much pressure as possible," said portfolio manager Lin Yang at FM Capital, a Britain-based hedge fund backed by the Libyan sovereign wealth fund that owns 1.4 per cent of medical firm China Cord Blood Corp. FM Capital is urging a group of mainland China investors to raise a buyout offer, saying the shares are worth 2.5 times the proposed bid. "If no shareholder challenges the offer, it will go through on the cheap," said Lin. Peaking at a valuation of US$615 million in August this year, China Cord Blood's market capitalisation has shrunk to just over US$500 million; the bid was made in late April, valuing the target at US$512 million.
There's no deadline for the China Cord Blood buyout offer is and it's unclear what the outcome will be; the company didn't respond to email seeking comment. But minority investors have scored notable successes this year: In one case, Chinese investment firm Vast Profit Holdings raised by 34 per cent a March buyout offer that initially valued dating service Jianyuan.com at US$178.9 million after pressure from US. asset manager Heng Ren Investments and others.
The increasingly active culture of complaints may also leave a mark on future buyouts. Late last week e-commerce giant Alibaba Group Holding Ltd raised a bid to take video streaming service Youku Tudou Inc private by almost 3 per cent to US$27.60 per share, just three weeks after it was announced. "Listed issuers, before they consider whether to go private or be listed elsewhere, they must remember that at the end of the day, they have sought public funds. That means they must realise that minority shareholders should have a role to play in the business of the company," said Michael Cheng, a consultant solicitor at law firm Andrew W Y Ng & Co and former research director at the Asian Corporate Governance Association in Hong Kong.
While Chinese companies may face a reckoning on home soil as the economy that accounts for much of their business slows to its weakest growth in 20 years, the tension over the 'going private' deals adds to general international shareholder unease over accounting and corporate governance issues in China. "Investors will shun Chinese IPOs (in the United States) in the future. It just reinforces the negative perception" said John Romero, a Birmingham, Alabama-based hedge fund manager who has told the board of Renren Inc the buyout offer for the social networking company undervalues it by 60 per cent.
Renren didn't respond to email seeking comment on the matter.
Law firms such as Levi & Korsinsky LLP have started running their own checks on the fairness of buyout offers for Chinese companies including SORL Auto Parts Inc, China Ming Yang Wind Power Group Ltd and chat app maker Momo Inc - the latter listed as recently as December 2014.
Meanwhile a group of minority investors in E-Commerce China Dangdang Inc is threatening to sue mainland investors proposing a buyout offer valuing the online retailer at US$632 million. The group says an offer made in July was over-opportunistic because it came after a 43 per cent slide in the stock price over the previous two weeks.
Dangdang didn't respond to email seeking comment on the matter. "At this point, no material damage has been done," said Kevin Lu, a San Francisco bay area investor in Dangdang who said he speaks on behalf of 120 shareholders including hedge funds and individual investors. "If a deal is finalised at the current proposal, it's a no-brainer - the buyer group will be sued." REUTERS

G20: US says to support yuan in IMF basket, if it meets criteria

G20: US says to support yuan in IMF basket, if it meets criteria

[BELEK, Turkey] US Treasury Secretary Jack Lew told senior Chinese officials on Sunday he would support adding the yuan currency to the basket on which the International Monetary Fund's SDR unit is based, if it meets the IMF's criteria, Lew's spokesperson said.
Lew met with China's vice premier and finance minister on the sidelines of the G20 leaders meeting in Turkey, the spokesperson said.
The IMF is expected to this month approve the inclusion of the yuan, also known as the renminbi, into its US$280 billion basket of currency reserves, known officially as Special Drawing Rights, or SDR. Its inclusion in the basket would mark a major diplomatic victory for Beijing's campaign to internationalise the currency.
It moved closer to inclusion on Friday, after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.
The IMF's executive board, which represents its 188 members, is unlikely to go against the staff recommendation, said Meg Lundsager, a fellow at the Wilson Centre and until last year the US representative on the IMF board. "I would not be surprised if it was pretty close to unanimous," she said, adding that any opposition to the inclusion would have been voiced before now.
REUTERS

Governments must deal with ideology behind terrorism too: PM Lee

Governments must deal with ideology behind terrorism too: PM Lee

Antalya, Turkey
TO tackle terrorism, countries must go beyond targeting those who are going to carry out a terrorist act, and deal with the ideology behind terrorism as well, said Prime Minister Lee Hsien Loong on Sunday night in Antalya, at the G20 Summit.
"To deal with this problem, you cannot only deal with the extremists who are going to physically commit the terrorist act. You have to deal with the ideology, and the social fabric from which they could spring," said Mr Lee at a working dinner on terrorism and the refugee crisis.
He added that in Singapore, the government regularly holds closed-door dialogues with community leaders of all races and religions.
"We speak candidly, we brief them on the intelligence which we have, we acknowledge issues and we work together to tackle them in order that we can build mutual trust and confidence."
He also called on world leaders to remain resolute in tackling the terrorism threat domestically, and cooperate closely with each other.
Acknowledging that this is "not so that we will eliminate the problem" - especially since the Syrian/Iraqi conflict will not go away any time soon - Mr Lee said that such international vigilance will "raise the security bar" for terrorists.

Global stock markets brace for short-term hit after Paris attacks

Global stock markets brace for short-term hit after Paris attacks

French stocks - especially those exposed to the country's large tourism sector - likely to suffer the biggest declines

Tokyo
GLOBAL stocks are set for a short-term selloff on Monday after Islamist militants launched coordinated attacks across Paris last Friday night that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely.
French President Francois Hollande declared a state of emergency, ordering police and troops into the streets, and set three days of official mourning after the attacks that he called an "act of war" by Islamic State.
The carnage prompted condemnation by world leaders and outpourings of support for Parisians from around the globe, but would likely have only a knee-jerk impact on investment decisions, said Shane Oliver, chief economist at Australia's AMP Capital in Sydney.
"History will tell us that if the economic impact is limited - and I think it will be - that markets will quickly recover and go on to focus on other things," Dr Oliver, who is also head of strategy at the A$156 billion (S$158 billion) wealth management firm.
While news of the attacks hit after markets closed last Friday, S&P 500 Index futures were still trading and shed about one per cent in light volume. "If this had happened during market trading hours, there could have been a panic but markets had a weekend to digest all the information," said Eiji Kinouchi, chief technical analyst at Daiwa Securities in Tokyo.
With the New York Stock Exchange (NYSE) closing more than one per cent lower last Friday after weak US retail sales figures, Asian and European share markets would have been expected to fall even without the Paris attacks. French stocks, particularly those exposed to the country's large tourism sector, are likely to suffer the biggest falls.
France has the largest number of tourists in the world and the sector accounts for almost 7.5 per cent of GDP. "These Paris terrorist attacks and the larger scale of this attack could have a meaningful negative impact on the travel and tourism sector," said Robert T Lutts, president and chief investment officer at Cabot Wealth Management in Salem, Massachusetts. "It is possible this could cause investors to take a bit more cautious stance on the higher-risk sectors of the markets."
Europe has suffered similar coordinated attacks on public transport systems previously - in Madrid in 2004 and London in 2005. Almost 250 people were killed and more than 2,500 injured in those bombings on trains and buses by Al Qaeda-inspired militants.
"The knee-jerk reaction in other terrorist attacks over the last decade has been a rush to safety, including aggressive buying in the US Treasury markets," said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC in Philadelphia. "I sincerely hope these attacks will prove short in duration and will abate in intensity, in which case the market reaction will likely only include a brief safety bid in Treasuries."
US 10-year Treasuries notes yielded 2.273 per cent at Friday's close. The euro ended the week little changed at US$1.0777, and is down 11 per cent this year against a resurgent greenback.
French financial markets will be open as usual on Monday, stock and derivatives exchange Euronext said last Saturday. REUTERS
* For the latest on PM Lee Hsien Loong at the G20 Summit, go to www.businesstimes.com.sg

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