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...Ajay Sahni of the Institute for Conflict Management in New Delhi said it was unlikely that there had been any trigger for the attacks. Rather this was an "ongoing war" against Hindu-majority India by South Asian Muslims. "It is a continuous process of preparing for attacks and carrying them out," he said. "When these people are able to bring something to fruition, they do it. The act itself is the objective. It says: 'We're here. And this is what we are going to do to you.'" In a paper published Monday, Institute research fellow Bibhu Prasad Routray warned...

Author: /time Magazine | Title: Who's Behind the India Bombings? | 7/11/2006 | See Source »

...minutes after its much publicized, strategically timed July 4 launch, there's little reason to think Kim Jong Il will be dissuaded by failure. With enough plutonium to make six to eight nuclear warheads and a cache of medium-range missiles, Kim is currently a menace to his Asian neighbors. With nukes and a fully functioning intercontinental missile, he can threaten the U.S. too--and the prospect of bullying his greatest nemesis seems simply too delightful for Kim to resist...

Author: /time Magazine | Title: How to Curb North Korea | 7/9/2006 | See Source »

...recent years, Moss has taken that model global. In 2004 Macquarie bought the Asian securities operations of ING Barings, giving it more muscle to market its key infrastructure funds to retail and institutional investors. "The ING assets gave them a footprint in Asia which they didn't have before," says BT's Chemello. Macquarie subsequently went on a shopping spree. It invested in a South Korean toll-bridge project in Incheon for $64.6 million in 2005. Last December it bought a 40% stake in Taiwan Broadband, a cable operator in Taiwan, for roughly $200 million. A few months ago Macquarie...

Author: /time Magazine | Title: Eyes on the Prize | 7/2/2006 | See Source »

...news that Macquarie was negotiating with PCCW chairman Richard Li, son of Hong Kong tycoon Li Ka-shing, for his telecom business (which includes a mobile-phone operation and a promising Internet-TV venture) immediately drew a rival bid from private-equity firm Texas Pacific Group and its Asian affiliate, Newbridge Capital Group. Not only does Macquarie have a rival suitor, but the Chinese government may also fatally complicate the deal. That's because China Network Communications Group, one of China's state-owned telephone companies, has a 20% stake in PCCW and its officials are wary of the sale...

Author: /time Magazine | Title: Eyes on the Prize | 7/2/2006 | See Source »

...Macquarie spokesman declined to comment on the bid, but the bank is eagerly exploring ways to get the deal done. Macquarie has reportedly offered to allow China Netcom to retain up to 50% of the restructured assets of PCCW. Meanwhile the bank is looking for partners. Star Group, an Asian broadcasting subsidiary of Rupert Murdoch's News Corp. media conglomerate, was considering joining Macquarie's bid?even though Murdoch himself expressed doubt that the deal would succeed. China is "treating Macquarie as hostile invaders," Murdoch told The Australian newspaper, which News Corp. owns. "It would be an amazing achievement...

Author: /time Magazine | Title: Eyes on the Prize | 7/2/2006 | See Source »

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