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Gates’ Russia visit complicated by Libya bombing (AP)

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MOSCOW – Fiery Russian condemnation of the allied air assault on Libya threatened to complicate Defense Secretary Robert Gates’ meetings here Tuesday with leaders who are already at odds with the U.S. over missile defense issues.

Gates was scheduled to meet with Russian President Dmitry Medvedev and Defense Minister Anatoly Serdyukov. But he was not expected to see Prime Minister Vladimir Putin, who railed Monday against the strikes on Libya, likening them to “a medieval call for a crusade.” Putin appeared to link the Libya action to the ongoing debate between the U.S. and Russia over the planned European missile defense shield, suggesting that it proved Russia is correct to heighten its own defenses.

In brief remarks at the start of their early afternoon meeting in Russia’s Ministry of Defense, Gates and Serdyukov said they would be discussing recent developments in Libya, missile defense, cooperation in the Afghanistan war and the two nations’ ongoing relationship.

Moscow leaders have said the proposed missile defense plan, which is aimed at countering future Iranian threats, could be aimed at Russian missiles or could undermine Russia’s security interests. The plan, which is under way, begins with ship-based, anti-missile interceptors and radars, and would add land-based radars in Southern Europe later this year.

Russia abstained in the U.N. Security Council vote for intervention in Libya, essentially allowing the military action to go forward. But as the coalition pounded Libyan air defenses and military arms for the third day, it was unclear whether Putin’s protest was public posturing or if it actually signaled remorse about the vote.

Meanwhile, even as the U.S. vows to relinquish the lead in the Libyan operation, there was discord in Europe over whether it should be turned over to NATO. U.S. officials, including Gates, have said the U.S. expects to hand over leadership, either to NATO or to the British and French, in a matter of days.

Turkey blocked NATO’s participation in the operation, while Italy issued a veiled threat to withdraw the use of its bases unless the alliance is put in charge.

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Gates’ Russia visit complicated by Libya bombing
(AP)



Global stocks rise as selloff seen overdone

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By Saikat Chatterjee

HONG KONG |
Mon Mar 21, 2011 2:16am EDT

HONG KONG (Reuters) – Asian shares advanced on Monday as market players scooped up beaten-down stocks after heavy losses last week, while oil prices jumped more than $2 as Western forces struck targets in Libya.

Regional stocks had just been picking up after a sell-off in recent weeks because of a combination of inflation, higher oil prices and frothy valuations, when the March 11 earthquake and tsunami in Japan dealt them another blow.

But the latest plunge has brought equity valuations within the region to average levels and markets particularly in North Asia are attractive, said Markus Rosgen, head of Asia ex-Japan strategy at Citigroup.

“From a technical perspective, Asia-ex Japan is very oversold. Much of the bad news is in the price of Asian equities and monetary policy is not hugely restrictive,” said Rosgen, who predicts the MSCI ex Japan at 675 points by the end of the year, a gain of nearly 50 percent from current levels.

Investors may also have been reassured by reports of progress in repairs at a crippled Japanese nuclear power plant, and by comments by billionaire investor Warren Buffett that the recent steep drop in Japanese stocks presented a “buying opportunity”.

The Nikkei .N225 plunged 10 percent last week as the nuclear crisis worsened, pulling shares in the rest of Asia down nearly 3 percent and weighing on markets in the United States and Europe, including riskier assets such as oil.

On Monday, the MSCI index of Asian shares outside of Japan .MIPAJ0000PUS was up nearly 1 percent though investors kept a wary eye on the battle by Japanese authorities to contain deadly radiation from crippled nuclear plants and a rising death toll following the earthquake and tsunami earlier this month.

For the quarter so far, Asian-ex Japan is down nearly 5 percent, underperforming its counterparts in Europe and the United States.

Japanese markets were closed on Monday for a holiday.

OIL UP

Brent oil futures jumped more than 2 percent at one point in early trade, topping $116 per barrel, after Western warplanes and missiles hit Libya at the weekend in a bid to force leader Muammar Gaddafi to cease fire on rebels and end attacks on civilians.

Unrest in Syria and Yemen over the weekend also kept traders on edge.

With a good chunk of Japan’s nuclear power capacity likely knocked out for good, its reliance on fossil fuels such as oil and natural gas will increase, preventing oil prices from retreating sharply from current even if the Libyan conflict is resolved swiftly. So far this quarter, oil is up by more than a fifth.

Higher fuel prices will revive investors’ concerns about inflation and the prospect for further interest rate increases, especially in emerging economies.

“I can see uncertainty and fear driving the price of oil higher in the short term,” said Matthew Lewis, an analyst at CMC Markets in Sydney.

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Kuyt penalty leads to Liverpool win over Sunderland (AFP)

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SUNDERLAND (AFP) – Liverpool kept alive their hopes of qualifying for Europe with a controversial 2-0 Premier League win over 10-man Sunderland on Sunday.

Kenny Dalglish’s sixth placed side need to catch fifth placed Tottenham to avoid missing out on a place in Europe and they were given a helping hand by the officials at the Stadium of Light.

Referee Kevin Friend and his linesman played an important part in the win, with a hotly-disputed decision allowing Dirk Kuyt to break the deadlock with a penalty before Luis Suarez sealed the victory.

Friend made his error when he allowed the linesman to persuade him to give a penalty for John Mensah’s challenge on Jay Spearing even though he had initially given a free-kick.

Replays showed the tackle was outside the area but Kuyt scored the penalty to set Liverpool on the way, while Friend sent off Sunderland defender Mensah late in the match for a professional foul on Suarez.

The early stages were notable only for Sunderland’s injury problems – Sulley Muntari and Kieran Richardson both limped off injured and Phil Bardsley might have followed if it had not meant using their last substitute already – until Friend intervened.

On Liverpool’s last trip to the Stadium of Light, Sunderland’s winning goal went in off a discarded beachball. This time the Reds got lucky.

Faced with a routine long ball, Ghana captain Mensah made a mess of chesting it down and allowed Spearing to pounce onto the loose ball.

The midfielder was heading for the penalty area when Mensah brought him down.

Friend stood on the spot outside the area where he thought the foul had taken place, but linesman Billy Smallwood disagreed, signaling for a penalty.

Although television replays proved Friend correct, he was persuaded by the linesman and Kuyt drilled the penalty to Simon Mignolet’s left.

Mensah had escaped with a booking, but received a red card after 82 minutes for a professional foul on Suarez.

The Belgian goalkeeper’s first save of note came after 37 minutes when he stretched to keep out Suarez’s effort from a brilliant Spearing pass.

Until then Andy Carroll had been Sunderland’s only real concern. The former Newcastle United forward was his usual dominant self in the air, and although he discomforted the home defenders on his Premier League debut, his side had little to show for it until he forced substitute Lee Cattermole to cleared off the line at a 51st-minute corner.

Mignolet made a great diving save from Spearing in the 74th minute, but was badly beaten at his near post minutes later. Suarez beat Cattermole, then the goalkeeper, from a near impossible angle.

Asamoah Gyan was fortunate to escape a red card for poking Martin Skrtel’s nose but seconds later his international team-mate Mensah was dismissed for pulling down Uruguay forward Suarez as he bore down on goal.

Sunderland were poor throughout and it was not until the 86th minute that Liverpool goalkeeper Jose Reina was forced into a save, keeping out Cattermole’s long-range effort.

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Kuyt penalty leads to Liverpool win over Sunderland
(AFP)



Motorola Xoom, LG Optimus Pad, Acer Iconia A100, and ASUS Eee Pad get Euro retailer pricing

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The Carphone Warehouse, known under the brand name of Phone House across Europe, has revealed its future pricing for a quartet of Android Honeycomb tablets in the latest version of its device catalog. The 7-inch Acer Iconia A100 scoops the prize for being most affordable with a €349 sticker, while the 10-inch Xoom’s €699 price is confirmed and the 8.9-inch Optimus Pad gets its lowest pricing yet, at a still unaffordable €849. The Eee Pad on display here isn’t explicitly named, but we suspect it to be the 10.1-inch Transformer, packing a dual-core Tegra 2 and running version 3.0 of Android — just like all the others in this group. Oddly enough, these are all detailed in the March version of the document, but unless we’re sorely mistaken, none of these tablets has yet reached the stage of general availability in Europe. Well, at least it lets us know how much each one will cost when they do eventually hit retail.

[Thanks to everyone who sent this in]



Samsung’s Central Station wireless monitor appears in Europe as SyncMaster C27A750

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Back when we first laid eyes on Samsung’s Central Station, we were excited by its wireless docking capabilities, and now it looks like the company’s ready to let the monitor loose on European soil, albeit with a decidedly less American moniker. The SyncMaster C27A750, a 27-inch affair, uses Ultra Wide Band (UWB) technology via a USB dongle to connect to your laptop. It touts a 1920 x 1080 pixel resolution and sports HDMI, VGA, and USB 2.0 and 3.0 ports. The new SyncMaster will hit Europe by the end of April for about €600, but we’ve yet to hear anything about Central Station’s ETA — very sneaky, Samsung… very sneaky.



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