CA-NEWS Summary

North Korea says enters "state of war" against South

SEOUL (Reuters) - North Korea said on Saturday it was entering a "state of war" with South Korea in a continuing escalation of angry rhetoric directed at Seoul and Washington, but the South brushed off the statement as little more than tough talk. The two Koreas have been technically in a state of war for six decades under an armistice that ended their 1950-53 conflict. Despite its threats few people see any indication Pyongyang will risk a near-certain defeat by re-starting full-scale war.

Big depositors in Cyprus to lose far more than feared

NICOSIA (Reuters) - Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday. Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

More trouble for Cohen's SAC Capital as Steinberg indicted in NY

(Reuters) - U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager at Steven A. Cohen's hedge fund, with insider trading in two technology stocks, the most senior SAC Capital Advisors' employee to be indicted in the government's long-running probe. FBI agents arrested Steinberg at his Park Avenue home in New York City at around 6 a.m. EDT (1000 GMT). Steinberg, wearing a blue sweater, pleaded "not guilty" to charges of securities fraud and conspiracy to commit securities when he appeared at a late morning arraignment.

No end to Italy deadlock despite president's efforts

ROME (Reuters) - Italy remained in political deadlock on Friday after a new round of talks led by President Giorgio Napolitano failed to break the stalemate created by elections last month that left no group able to form a government alone. Napolitano, 87, conducted a swift round of talks with the three main forces in parliament on Friday after the failure of a week of efforts by center-left leader Pier Luigi Bersani to win support for a new government.

Muslims vanish as Buddhist attacks approach Myanmar's biggest city

SIT KWIN, Myanmar (Reuters) - The Muslims of Sit Kwin were always a small group who numbered no more than 100 of the village's 2,000 people. But as sectarian violence led by Buddhist mobs spreads across central Myanmar, they and many other Muslims are disappearing. Their homes, shops and mosques destroyed, some end up in refugee camps or hide in the homes of friends or relatives. Dozens have been killed.

Pope leads traditional Good Friday rite at Rome Colosseum

ROME (Reuters) - Thousands of people holding candles turned out at Rome's Colosseum to see Pope Francis mark the first Good Friday of his pontificate with a traditional "Way of the Cross" procession around the ancient amphitheatre. Francis, who was elected on March 13, sat under a red canopy on Rome's Palatine Hill as representatives of the faithful from around the world alternated carrying a wooden cross on the day Christians commemorated Jesus's death by crucifixion.

U.S. B-2 bombers sent to Korea on rare mission: diplomacy not destruction

WASHINGTON (Reuters) - The stealthy, nuclear-capable U.S. B-2 bomber is a veteran of wars in Iraq and Libya, but it isn't usually a tool of Washington's statecraft. Yet on Thursday, the United States sent a pair of the bat-winged planes on a first-of-its-kind practice run over the skies of South Korea, conducting what U.S. officials say was a diplomatic sortie.

Kenyans await ruling in disputed presidential race

NAIROBI (Reuters) - Kenya's Supreme Court rules on Saturday on a challenge to Uhuru Kenyatta's presidential election win, a judgment seen as a test of the democratic system five years after another disputed vote triggered tribal bloodshed. The country's outgoing president called for calm ahead of the decision that will either confirm the victory of Kenya's richest man Kenyatta or force another vote.

China's Xi wraps up Africa tour in Republic of Congo

BRAZZAVILLE (Reuters) - China's newly appointed President Xi Jinping wrapped up a six-day tour of Africa on Friday in Republic of Congo, where he signed off on infrastructure projects and pledged deeper cooperation between his country and the continent. Thousands of people, many wearing T-shirts bearing the president's likeness, turned out under a blazing equatorial sun to welcome the new Chinese leader to the former French colony's sprawling riverside capital, Brazzaville.

Central African Republic coup leader says will review resource deals

BANGUI (Reuters) - Central African Republic's new President Michel Djotodia, who seized power last week, said on Friday he would review resource deals signed by the previous government and promised to step down at elections in 2016. Djotodia, a former civil servant turned rebel leader, said he would seek aid from former colonial power France and the United States to retrain the ill-disciplined army, which was easily overrun by fighters from his Seleka rebel coalition.

Source: http://news.yahoo.com/ca-news-summary-001432763.html

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