Israel's Lieberman says Palestinian peace accord impossible


JERUSALEM (Reuters) - Israel has no chance of signing a permanent peace accord with the Palestinians and should instead seek a long-term interim deal, the most powerful political partner of Prime Minister Benjamin Netanyahu said on Saturday.


The remarks by Avigdor Lieberman, an ultranationalist whose joint party list with Netanyahu narrowly won a January 22 election while centrist challengers made surprise gains, seemed designed to dampen expectations at home and abroad of fresh peacemaking.


A spring visit to Israel and the Palestinian territories by U.S. President Barack Obama, announced this week, has stirred speculation that foreign pressure for a diplomatic breakthrough could build - though Washington played down that possibility.


In a television interview, ex-foreign minister Lieberman linked the more than two-year-old impasse to pan-Arab political upheaval that has boosted Islamists hostile to the Jewish state.


These include Hamas, rivals of U.S.-backed Palestinian President Mahmoud Abbas, who control the Gaza Strip and spurn coexistence with Israel though they have mooted extended truces.


"Anyone who thinks that in the center of this socio-diplomatic ocean, this tsunami which is jarring the Arab world, it is possible to arrive at the magic solution of a comprehensive peace with the Palestinians does not understand," Lieberman told Israel's Channel Two.


"This is impossible. It is not possible to solve the conflict here. The conflict can be managed and it is important to manage the conflict ... to negotiate on a long-term interim agreement."


Abbas broke off talks in late 2010 in protest at Israel's settlement of the occupied West Bank. He angered Israel and the United States in November by securing a U.N. status upgrade that implicitly recognized Palestinian independence in all the West Bank, East Jerusalem and Gaza.


Israel insists it will keep East Jerusalem and swathes of West Bank settlements under any eventual peace deal. Most world powers consider the settlements illegal because they take up land seized in the 1967 Middle East war.


Lieberman, himself a West Bank settler, said the ball was "in Abu Mazen's (Abbas') court" to revive diplomacy.


Abbas has demanded Israel first freeze all settlement construction. With two decades gone since Palestinians signed their first interim deal with Israel, he has ruled out any new negotiations that do not solemnize Palestinian statehood.


Netanyahu's spokesman Mark Regev noted that Lieberman, in the Channel Two interview, had said he was expressing his own opinion.


Asked how Netanyahu saw peace prospects for an accord with the Palestinians, Regev referred to a speech on Tuesday in which the conservative prime minister said that Israel, while addressing threats by its enemies, "must also pursue secure, stable and realistic peace with our neighbors".


Netanyahu has previously spoken in favor of a Palestinian state, though he has been cagey on its borders and whether he would be prepared to dismantle Israeli settlements.


Lieberman's role in the next coalition government is unclear as he faces trial for corruption. If convicted, he could be barred from the cabinet. Lieberman denies wrongdoing and has said he would like to regain the foreign portfolio, which he surrendered after his indictment was announced last year.


(Writing by Dan Williams; Editing by Stephen Powell)



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Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.


The S&P 500 also posted a sixth straight week of gains for the first time since August.


The technology sector led the day's gains, with the S&P 500 technology index <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.


Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.


AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.


Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.


"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.


Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.


The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.


"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.


The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.


For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.


Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.


Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.


Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.


Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.


Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.


Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.


The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.


"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."


Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.


Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.


(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)



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Bryant leads Lakers over Bobcats 100-93


CHARLOTTE, N.C. (AP) — Even though Kobe Bryant and the Lakers were able to escape with a 100-93 win Friday night over the Charlotte Bobcats, the Los Angeles star was left feeling "irritated" after the game.


Irritated at his team's shot selection.


Irritated at his team's selfishness.


And especially irritated that the Lakers needed to overcome a 20-point deficit to beat the NBA's worst team.


"We have to play the right way," Bryant said. "When we have shots available, we take them. If we don't, move the ball on. It can't be about individual touches. It can't be about that."


Still, the Lakers won.


Bryant shrugged off a scoreless first half — he attempted only two shots — to finish with 20 points, eight assists and seven rebounds and the Lakers improved to 4-2 on their road trip heading into Sunday's game in Miami against the Heat.


Bryant didn't come out for warm-ups to start the second half.


But he was there to provide the spark the lackluster Lakers needed in the third quarter. He scored 14 of his points in the final period, including a driving layup with 40 seconds left to push the lead to five and help seal the win.


"In the second half I got in position where I could catch it and turn and shoot it a little bit," Bryant said. "They were reluctant to double team because we started knocking down some shots. I think that makes the game a lot easier."


Steve Nash and Earl Clark each had 17 points and Dwight Howard had 12 points, all in the first half, and 11 rebounds for the Lakers (24-27).


Howard played his second straight game despite nursing an injured right shoulder.


"Continuity," Howard said when asked of the Lakers offensive woes. "We have to do a better job of spreading everything out and moving and getting everybody involved. When we do that, we are pretty good."


Byron Mullens and Gerald Henderson each had 20 points for the Bobcats, who have lost six straight.


Charlotte led 71-51 in the third quarter, but the Lakers stormed back behind a 9-0 run. They cut the lead to one on a driving layup by Bryant with 6:06 left in the game and Antawn Jamison gave the Lakers their first lead with 4:46 remaining on a left-handed finger roll in the lane.


The Lakers took the lead for good at 92-91 when Jodie Meeks made a 3-pointer with 3:02 left in the game.


Lakers coach Mike D'Antoni wasn't pleased with the overall effort, but liked that his team bounced back after a 116-95 loss to the Boston Celtics the night before.


"We just got to be able to put our earplugs in, or mufflers on, or blinders on," D'Antoni said. "It's like the Kentucky Derby with horses, just get those blinders on and just get out there and run.


"We have so much stuff going on out here that every little thing is blown to bits and whether it is right or wrong or blown out of proportion it is. But, it affects us. It is a distraction. It saps energy. We got to be able to just close that out somehow."


The Lakers have been unpredictable this season, particularly on the road where they were 8-17 coming into this game.


Before Friday night's game against Charlotte, D'Antoni was asked if the Bobcats were a dangerous opponent for his team.


"We're playing, aren't we? (Then) there's a danger," D'Antoni said with a laugh. "If they play the national anthem, we're in danger."


He was right.


The Lakers started slow, looking out of sync just as they have for a good portion of the season as pick and rolls turned into turnovers and layups on the other end.


Nash had four early turnovers and Howard threw a pass across court that hit the side of the backboard.


The Lakers turned the ball over five times in the game's first eight minutes and fell behind 20-9.


Bryant missed his only two shots in the first half, his slowest start since March 31, 2012, when he went three quarters without scoring a point before beating the New Orleans Hornets on a game-winning shot.


The game was similar to earlier this season when the Bobcats led by 18 in Los Angeles only to squander the lead.


"We had them down pretty much the whole game," Bobcats guard Kemba Walker said. "You know, they made a really good run. Kobe made a lot of good plays, made the right passes and guys just made shots."


NOTES: Bobcats rookie Michael Kidd-Gilchrist returned to action Friday after missing two games with a concussion. ... At halftime Bryant had five rebounds, two assists and no points. ... The Bobcats had been one of three teams with a .500 or better record all-time against the Lakers, but fell to 8-9 with Friday night's loss.


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How Obama can end Congo conflict












Conflict in Congo


Conflict in Congo


Conflict in Congo


Conflict in Congo


Conflict in Congo








STORY HIGHLIGHTS


  • President Obama can help end the Congo conflict for good, says Vava Tampa

  • Obama has asked Rwanda to end all support to armed groups in the Congo

  • FDLR militia gang is a threat to stability and must leave Congo

  • Obama must push for change in Congolese government, argues Tampa




Editor's note: Vava Tampa is the founder of Save the Congo, a London-based campaign to tackle "the impunity, insecurity, institutional failure and the international trade of minerals funding the wars in Democratic Republic of the Congo." Follow Vava Tampa on twitter: @VavaTampa


(CNN) -- Now that President Obama has taken a public stand on the warlords and militia gangs tyrannizing DR Congo, there is a sense that the next chapter in the human tragedy that has been raging there over the past decade and half is about to be written -- or so we can hope.


In the DRC -- Africa's largest sub-Saharan country -- invasions, proxy wars and humanitarian crises have senselessly shut down millions of lives, displaced millions more from their homes and left countless women and young girls brutally raped with the world barely raising an eyebrow.


The latest murderous attempt by the M23 militia gang to besiege Goma, the strategic regional capital of Congo's eastern province of North Kivu, seems to have backfired.



Vava Tampa

Vava Tampa



The United Nations says Rwanda has helped to create and militarily supported M23. Although Rwandan President Paul Kagame denies backing M23, the accusation has taken off some of the international gloss he had long enjoyed in the West, and precipitated cuts and suspension of aid money that goes directly to the Kagame regime by the Netherlands, Sweden, Germany, Britain and the European Union.


The United States, which gives no money directly to the Rwandan government, suspended its military aid. In a baffling expression of a refinement of the U.S. position, President Obama made a rare telephone call to Kagame to emphasize "the importance of permanently ending all support to armed groups in the DRC." That set a firm red line on the situation in that region, the first one by President Obama since becoming president in 2008.
















Watch video: Kagame on Congo


This was certainly right and good. Kagame is no fool; the diplomatic but emphatic content of that telephone call, monitored by White House's National Security staff and published thereafter for public consumption, speaks volumes. He clearly understood the implicit threat. But it was not good enough.


Left unsaid is that withholding aid money that goes directly to the Kagame regime has not changed many realities on the ground -- a painful reminder of the limits of what previous half-hearted, ambivalent international attempts to halt the crisis in that country had achieved.


However, the situation is not hopeless. President Obama can help to halt the wars engulfing the Congo. It is both economically and politically affordable.


Here is my suggestion -- a three-point road map, if you like, for President Obama, should he choose to put the weight of the United States squarely on the side of the Congolese and engage much more robustly to help end the world's bloodiest war and human tragedy.


Read more: Why the world is ignoring Congo war


1. Changes in Kinshasa


If we are to be blunt with ourselves, Congo's major problem today -- the chief reason that country remains on its knees -- is its president Joseph Kabila. Paul Kagame is just a symptom, at least in theory.


The crisis of leadership in the capital Kinshasa, the disastrous blend of lack of political legitimacy and moral authority, mixed with poor governance and vision deficiency, then compounded with dilapidated state institutions, has become the common denominator to the ills and wrongs that continues to overwhelm the Congo.


In other words, peace will never be secured in Congo, if the moribund status quo is still strutting around Kinshasa.


Obama's minimum objective in regard to ending the wars and human tragedy engulfing the Congo should be to push for changes in Kinshasa. He must make this one of the "10 Commandments" of the Obama Doctrine.


Circumstances demand it to re-energize Congo's chance of success and to enable the renaissance of a "New Africa." And given the effects of Congo's mounting death toll and the speed at which HIV/AIDS is spreading because of the use of rape as a weapon of war, the sooner the better.


2. Keep Kagame in the naughty corner


The wars and human tragedy engulfing the Congo have many fathers and many layers. Rwanda, and to some extent Uganda -- run by Africa's two dearest autocratic but staunchly pro-American regimes -- are, as they have been many times in the past, despite their denials, continuing to provide support to warlords and militia gangs terrorizing the Congolese people.


This is not an apocryphal claim, it's an open secret in Kinshasa, Kampala and Kigali as much as it is in Washington or White Hall, and as real as Charles Taylor's role in Sierra Leone or Iran's support to Hezbollah.



If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords ... is critical.
Vava Tampa, Save the Congo



Indeed, reporters across Congo and across the region would testify to this. Kigali has been, one can safely argue, the sole shareholder in the M23 militia gang -- and its elder sisters CNDP and RCD-Goma.


It cannot wash its hands in Pontius Pilate fashion of either the ICC-wanted M23 warlord Bosco Ntaganda, also known as The Terminator, or Laurent Nkunda, who is wanted by the Congolese government for war crimes and is under house arrest in Kigali.


Read more: Prosecutor seeks new Congo war crimes warrants


If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords, support militia gangs, militarize or ethnicize the wars in Congo for control of Congo's easily appropriable but highly valuable natural resources is critical, however politically disgruntling it may be to some in the State Department.


It would reduce the scale, scope and intensity of the killing, raping and uprooting of the Congolese, it would crush Kinshasa's ability to use external support to warlords and militia gangs as an alibi for a lack of progress and, above all, decrease the growing unease of the Congolese towards Rwanda over the crimes of FDLR and the role played by their government in Congo.


3. FDLR


The continued existence in Congo of FDLR, a Rwandan militia gang made up largely of Hutus -- whose leadership took part in the 1994 genocide of Tutsi -- remains one of the most persistent and serious threats to stability in Congo and the region.


Addressing this crisis is of significant importance from both a political and humanitarian viewpoint.


Though there are no definitive statistics on the exact numbers of FDLR fighters, the good news is that experts tell us that the vast majority of its rank and file are in their 20s and early 30s, which means they were too young to have taken part in the genocide in 1994.


The United States, together with the U.N., the EU and African Union, should appoint a special envoy for the African Great Lakes region to midwife a conducive political arrangement in Kigali that could see them returning home -- and see their leaders and fundraisers in Europe arrested.


The opinions expressed in this commentary are solely those of Vava Tampa.






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Community says bye to slain teen









Hadiya Pendleton's slaying made her a national symbol of gun violence in Chicago. But for her family and friends, Friday's visitation at a South Side funeral home was mostly about the loss of a bright and bubbly teenager.


"She was like a shooting star. Have you ever seen a kid without a doubt?" said Damon Stewart, Pendleton's godfather. "We had so much hope in her future."


The 15-year-old's body lay in an open casket at Calahan Funeral Home in Englewood, dressed in a vibrant purple dress embellished with sparkles. A slide show playing on TV sets showed Hadiya as a baby being held by her mother, a toddler sitting on the Easter Bunny's lap and a young girl smiling in pink sunglasses.








"We're not picking up the pieces. We're trying to figure out where the pieces are," Stewart said.


Hadiya was a majorette for King College Prep's band and performed during President Barack Obama's inauguration festivities just days before she was slain, shot in the back while hanging out with friends at a North Kenwood neighborhood park. The shooter, police said, was after someone else.


First lady Michelle Obama is expected to attend Hadiya's funeral at 11 a.m. Saturday at Greater Harvest Baptist Church, as are Mayor Rahm Emanuel and Gov. Pat Quinn. Stewart, a Chicago police officer, acknowledged the wide-ranging effect of Hadiya's death.


"She's that face," Stewart said. "She's out in front, and now all those other people's stories can be heard. She is a voice for those who haven't had a voice. She's not being treated different. She's important because they're important."


Michelle Obama's plan to come to the funeral puts Chicago solidly in the middle of a national debate over gun violence that has polarized Congress and forced President Obama to take his gun control initiatives on the road to garner more public support.


The first lady's visit is being seen not only as a gesture of condolence to the family but as part of an effort to draw attention and support for the president's gun initiatives.


In Chicago, where the homicide toll topped 500 last year, Emanuel has moved to toughen city gun laws. Cook County Board President Toni Preckwinkle has pushed to tighten loopholes in local gun laws. During his annual State of the State address this week, Gov. Pat Quinn mentioned Hadiya as an example of why the state needs tougher gun laws.


On Friday, as Hadiya's family gathered at the funeral home, the Rev. Jesse Jackson walked in with her parents and a young brother.


Dozens of flower bouquets lined the room, and a large photo of Hadiya was on display. Visitors, including police officers, signed the registry and wrote messages on a dedication board.


"Baby, God got you back! You are a beautiful angel now," one mourner wrote.


Amber Mayo, 15, stood alone outside, crying softly after viewing her friend's body. The two girls danced together at Mayfair Academy of Fine Arts, Mayo said.


"I'm very hurt. They took a great person away," she said. "I don't want anyone to forget about her."


Brandon Durr, 18, and Jahnise Robinson, 18, said they graduated recently from King College Prep. Both were somber as they went to pay their respects.


"This is devastating and overwhelming," Robinson said.


Durr said he met Hadiya through some of his younger friends. He was in class at Kennedy-King College when he got a text that said Hadiya had been shot and killed.


"I broke down in class," Durr said. "What can we do? She's gone."


Durr said he believes the solution to the violence epidemic in Chicago lies with families.


"My parents didn't let me out there. It all starts at home," he said. "These kids need a sense of purpose. They don't have that."


Media trucks and police cars lined Halsted Street outside the funeral home. Some who attended the visitation had never met Hadiya or her family but felt compelled to attend out of respect or a shared connection.


"This poor young lady," said John Burdette, 64, of Hyde Park. "Things are nuts out there, and it's terrible."


Carlos Marshall, 41, and his daughter, Carleonna, 14, didn't know the Pendletons. But they said they have experienced similar pain. In 2008, Marshall's son was killed at 48th Street and Drexel Boulevard, just blocks from where Hadiya was shot, he said.


"I know what these parents are going through and wanted to show my support," Marshall said.


As her father talked about her brother's death, Carleonna began to cry.


"It makes me so sad," she said, tears streaming down her cheeks.


Tribune reporter Dahleen Glanton contributed.


bdoyle@tribune.com





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Japan may release data proving Chinese radar incident: media


TOKYO (Reuters) - Japan may release data it says will prove a Chinese naval vessel directed its fire control radar at a Japanese destroyer near disputed islands in the East China Sea, local media reported.


Japan has said a Chinese frigate on January 30 locked its targeting radar on a Japanese destroyer - a step that usually precedes the firing of weapons - but China insists that its vessel used only ordinary surveillance radar.


The incident has added to tensions between the two nations over the disputed islands.


Japan will consider how much normally classified data it can release, the media reports said, citing comments by Japan Defence Minister Itsunori Onodera on local television.


"The government is considering the extent of what can be disclosed," Kyodo news agency quoted Onodera as saying.


China has accused Japan of smearing its name with the accusations, and on Saturday, the official Xinhua news agency continued the war of words.


"By spreading false accusations and posing as a poor victim, Japan had intended to tarnish China's image so as to gain sympathy and support, but a lie does not help," it said in an English language commentary.


"China has been exercising maximum restraint and stayed committed to solving the dispute through dialogue and consultation."


Japan and China have been involved in a series of incidents in recent months in the East China Sea where Chinese and Japanese naval vessels regularly shadow each others movements.


Both countries claim a small clusters of islands, known as Diaoyu in China and Senkaku in Japan, believed to be rich in oil and gas. Controlled by Japan, possession of the uninhabited outcrops and the sea surrounding them would provide China with easier access to the Pacific.


Hopes had been rising for an easing in tensions, including a possible summit between Japanese Prime Minister Shinzo Abe and Chinese Communist Party chief Xi Jinping. But the radar issue has seen China and Japan engage in a fresh round of invective.


China's Defence Ministry on Thursday said Japan's complaints did not "match the facts". The Chinese ship's radar, it said, had maintained regular alerting and surveillance operations and the ship "did not use fire control radar".


Japan's position against China has hardened since Abe led his conservative party to a landslide election victory in December, promising to beef up the military and stand tough in territorial disputes.


The commander of U.S. forces in the Asia-Pacific said the squabble between Japan and China underlined the need for rules to prevent such incidents turning into serious conflict.


China also has ongoing territorial disputes with other Asian nations including Vietnam and the Philippines over islands in the South China Sea.


(Reporting by Tim Kelly; Additional reporting by Ben Blanchard in BEIJING; Editing by Michael Perry)



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Oil, copper, Asian shares gain on solid China trade data

TOKYO (Reuters) - Oil, copper and Asian shares rose on Friday after China's strong trade data set the scene for economic recovery, although investors opted to book profits before next week's Chinese new year holidays, limiting gains.


European markets are seen climbing, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up around 0.5 percent. A 0.2 percent drop in U.S. stock futures pointed to a steady Wall Street start. <.l><.eu><.n/>


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> added 0.3 percent, wiping earlier losses as bearish sentiment was carried over overnight after European Central Bank President Mario Draghi noted risks still facing the euro zone economy.


The pan-Asian index rose to a 18-month high on Monday. After starting 2013 with a 2.4 percent weekly gain, the index has consolidated in a range between a 0.8 percent rise and a 0.8 percent fall, and looked set for a weekly loss of 0.6 percent.


China said its exports grew 25.0 percent in January from a year ago, the strongest showing since April 2011 and well ahead of market expectations for a 17 percent rise, while imports also beat forecasts, surging 28.8 percent on the year.


"China's economic conditions are improving and the trade data confirms the continuation of a recovery trend. Not just the trade data but retail, production and investment flows clearly show that the economy bottomed out in the third quarter last year," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.


Australian shares rallied 0.7 percent to 34-month highs, led by financial and mining stocks. South Korean shares <.ks11> jumped 1 percent, on track to reverse six losing sessions as investors bought up battered shares after recent declines.


Japan's Nikkei stock average <.n225> snapped a 12-week winning streak to close down 1.8 percent as investors took profits from the index's surge to its highest level since October 2008 on Wednesday. Japanese markets will be closed on Monday for a public holiday. <.t/>


"Asian markets are undergoing a pre-holiday adjustment, keeping prices top-heavy, with many opting to book profits. Prices have gained sharply over the past months, so a correction is healthy. But the upward trend in Asian equities markets remains intact," Daiwa's Yuihama said.


Chinese markets are closed next week for the Lunar New Year holiday, while Hong Kong will resume trading on Thursday.


EURO STEADIES


The euro steadied at $1.3397, after slumping to a two-week low of $1.33705 on Thursday as investors took Draghi's comments as signaling concerns about the euro and Europe's growth outlook. The euro scaled a 14-1/2-month high of $1.3711 last week.


Draghi said the ECB will monitor the economic impact of a strengthening euro, feeding expectations the currency's climb could open the door to an interest rate cut. But he also said the euro's appreciation suggested confidence in the currency was returning.


Spain has already secured more than 18 percent of its full-year medium- and long-term funding target, thanks to strong investor demand as worries about Madrid's financing ability eased.


"Currencies are increasingly becoming part of the policy debate...In the case of the EUR, we believe that the bullish 'overshooting' trend will remain intact as ECB policy continues to promote an asset market friendly environment," Morgan Stanley said in a note.


It added that anticipation of the Bank of Japan's expected bolder easing steps is set to keep the weak yen trend going, supporting global risk appetite.


The dollar fell 0.4 percent to 93.25 yen but not far from 94.075 yen, its highest since May 2010 on Wednesday. The euro eased 0.4 percent to 124.93 yen, after touching its strongest since April 2010 of 127.71 on Wednesday.


Friday's data showing Japan logged a current account deficit for a second straight month in December for its smallest annual surplus on record - evidence of deteriorating trade balances, which support the case for yen selling.


"Japan will remain a nation of current account surpluses but the surplus will not be as high as it used to be," said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo.


Upbeat economic reports from China, the world's top consumer of raw materials, lifted industrial commodities on a more robust demand outlook.


London copper rose for the first time in four sessions, up 0.6 percent to $8,245 a metric ton (1.1023 tons).


Brent futures rose towards $118 per barrel, heading for a fourth weekly gain and U.S. crude futures rose 0.3 percent to $96.10.


"The (China) numbers are stronger than expected, which is an encouraging sign," said Ric Spooner, chief market analyst at CMC Markets in Sydney. "(But) we will need to wait until March to start getting a better sense of the medium-term trend on China."


Spot gold regained its footing and traded up 0.1 percent at $1,671.80 an ounce after falling on Thursday as the euro weakened. Industrial metals, platinum and palladium, retreated from 17-month highs.


(Additional reporting by Ramya Venugopal in Singapore; Editing by Eric Meijer)



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Illini buzzer-beater upsets No. 1 Hoosiers, 74-72


CHAMPAIGN, Ill. (AP) — Tyler Griffey made the easiest and biggest shot of his career.


The senior forward took an inbounds pass and made a wide-open layup with 0.9 seconds to play to give Illinois a 74-72 victory over No. 1 Indiana on Thursday night, the fifth straight week the nation's top-ranked team lost.


Hoosiers coach Tom Crean, whose team has been No. 1 for a total of seven weeks this season, doesn't have a reason for the recent weekly changes on top of the poll.


"I can't answer that. I'm not sure," Crean said. "I just know that these games are 40-minute games. We played at a high level for most of the game."


The Hoosiers were in charge until the final 3 1-2 minutes when the Illini (16-8, 3-7 Big Ten) finally put together a run to take and then retake the lead.


"I know this, when we turn the ball over we're not very good," Crean said. "And the biggest difference tonight was 28 points off turnovers to our 16."


And nothing could have been worse for the Hoosiers (20-3, 8-2) than the way the game ended.


With 0.9 seconds left Griffey left defenders Cody Zeller and Christian Watford behind on an inbounds play from the baseline, took the pass from Brandon Paul and delivered the uncontested buzzer-beater for the Illini.


The shot sent hundreds of students onto the court — holding their collective breath as officials checked the replay to make sure the clock hadn't beaten Griffey — and Paul and fellow guard D.J. Richardson hugged and teared up with relief.


Illinois had lost eight of 11 since starting the season 12-0. The Illini had been ranked as high as No. 10 and were now falling to the bottom of the Big Ten.


Griffey, accustomed to struggling in recent weeks, seemed surprised with the ease he was able to make the game-winner.


"I just made a simple curl cut and left two guys behind me, and Brandon got off a heck of a pass," he said. "Zeller and Watford were both right in front of me and just kind of stayed there."


Crean, whose team just moved into the No. 1 spot after knocking off then-No. 1 Michigan on Saturday, said the play was a lot like the other breakdowns in the Hoosiers' game that let Illinois climb back from a 12-point halftime deficit.


"We didn't communicate," Crean said.


"They're very deserving of the win, they never gave in," he added, but he qualified that with, "We didn't put them away when we had the opportunities."


Indiana's loss drops them into a three-way tie for first in the Big Ten with Michigan and Michigan State. For the Illini, the win means a move out of 10th in the 12-team conference up into a ninth-place tie with Iowa.


More importantly, it's a potential lifeline for an Illini team that still has to face No. 18 Minnesota on the road Sunday and had been watching its season slip away.


"It was good to get back to having that toughness and togetherness and trust that we needed," Illinois coach John Groce said.


Illinois hadn't beaten a No. 1 team since a 2004 win over Wake Forest. But the Illini had won nine of the last 10 against the Hoosiers in Champaign. And this season, whatever else has gone wrong, Illinois has delivered against the big boys. Coming into Thursday night the Illini had already beaten three teams now in the top 15: No. 6 Gonzaga, No. 10 Ohio State and No. 14 Butler.


Richardson had 23 points for Illinois, Paul had 21 and Griffey finished with 14 points and eight rebounds.


Zeller led Indiana with 14 points, while Will Sheehey had 13, Watford 12 and Jordan Hulls 11.


Indiana shot 50 percent from the field (25 of 50), 52.9 percent from 3-point range (9 of 17) and 93 percent from the free throw line (13 of 14). The Hoosiers led by an 8- to 10-point margin for most of the second half.


And when 6-foot-11 Nnanna Egwu fouled out with just under 5 minutes to play, Indiana looked in control. Egwu is the only Illini player with the size to realistically match up with the 7-0 Zeller.


Watford made two free throws after Egwu's fifth foul and, at 69-59, the Illini looked done.


But with the clock under 3 minutes, Richardson went on a run of his own, first burying consecutive 3-pointers and then hitting a midrange jumper on the run to tie the game at 70 with 1:17 to play.


Oladipo's layup put the Hoosiers back on top with 50 seconds left, but Paul answered with two free throws, the first banked in, to tie the score again at 72.


With the clock under 30 seconds, Indiana had the ball for what would have been a last shot but Oladipo fumbled the ball. Richardson picked it up and sprinted down court. Oladipo slapped Richardson's layup out of bounds to set up the final play.


Groce credited Richardson for sparking the comeback.


"I thought he was absolutely terrific on both ends of the floor," Groce said. "He battled, he fought."


Griffey was benched several weeks ago after a blowout loss at Wisconsin. On a team that had lost its shooting touch, the senior forward had grown especially cold. And, though one of Illinois' bigger players at 6-9, he wasn't adding much to the inside presence the Illini desperately needed.


The play that brought him to life Thursday, though, had nothing to do with Illinois' late surge. Griffey hit a 3-pointer less than 4 minutes into the second half. He had missed 20 straight 3-point attempts, dating to the start of the Big Ten season.


"I said to myself, 'Finally,'" said Griffey, who said he has been doing so much extra shooting that he's had to have regular ice treatments on his wrist.


Groce said that, even after he benched Griffey, he never gave up on him.


"I just have told him numerous times here I believe in him," the first-year Illinois coach said. "I do."


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Why I dread Chinese New Year




Kids see Chinese New Year through rose-tinted glasses.




STORY HIGHLIGHTS


  • Zoe Li: As an adult, Chinese New Year is an annual nightmare

  • It's a time when relatives have the right to be judgmental

  • Superstitious Chinese New Year foods often aren't that tasty




(CNN) -- For me, Chinese New Year used to be fun.


When I was a kid, I was excited during Chinese New Year when I got lai see and I could stay up late. I even had access to candy, a once-a-year treat while living under the roof of my Tiger Mom.


Riding strong on the sugar highs, I always thought to myself, this is what it must feel like to be an adult. I was flush, free and giddy.


Then at some point in my twenties, Chinese New Year became a chore. Not any garden variety chore, but a cold-sweat-inducing family obligation that I try hard to avoid.


As an adult, Chinese New Year is an annual nightmare, for the following reasons:


1. I find it sucks when you are single




Single twenty-something? Smile while you can until the interrogation begins.



Relatives feel that they have a right to judge you because you do share bits of DNA, so, really, it's almost like they're judging themselves.


Typically, the extended family gathers for Chinese New Year and spends an inordinate amount of time together, during which people get bored and focus their restlessness on judging the younger generation, particularly those who are single.


Singledom means a lack of responsibilities and responsibility-free people need to be reined in by the wisdom of elders, or they will be reckless with their directionless lives.


Here are some unavoidable conversations at Chinese New Year. By "conversations" I really mean monologues by one Wise Elder or another, fired away at a particular Single Younger in a trance-like manner:


"Why don't you have a boyfriend? If you have a boyfriend, why don't you get married?"


"Why are you not dieting at least a little bit? Second Cousin Yong Yong will have to start bringing clothes from America for you."


"What happened to your hair? Blue is not such a good color for us Chinese people."


"Are you saving up for an apartment? Why not? The most important thing in life is to have a roof over your head. You don't want to be homeless, do you? What if the economy collapses again? At least you will have an apartment."


"Why don't you get a better paid job? You are wasting your talent. You will regret your life."


2. I am employed


I loved the great Chinese tradition of gifting lai see. Getting HK$20 for no reason other than tradition really rocked my seven-year-old world.


I have an income now, so twenty bucks here and there doesn't make a huge difference, but I still retain that childhood anticipation for the red packets. It's just a bit disappointing when I open up an envelope and it isn't concealing a massive check.


And it's the guilt from feeling disappointed that makes me really hate Chinese New Year for making me hate myself.


It's just like being unable to conceal your letdown expression when unwrapping that pair of socks at Secret Santa parties.


Gifting is a heartwarming tradition. It's the thought that counts. I am not supposed to care. I am a bad person.


There's even worse.


Chinese New Year gambling is just out of hand.


Now that I have a job, I'm expected to bet real money at The Mahjong Table, a no man's land filled with hidden agendas, treacherous scheming and Janus-faced traitors.


If you beat your elder relatives at mahjong one too many times, beware their wrath. It really hurts when you get hit by a mahjong tile.


If you lose on purpose to your elders and are unable to skillfully conceal your purposefulness, you risk looking patronizing.


It will put them in a bad mood and lead to a vengeful "what are you doing with your life" interrogation later. See point number one.


If you're simply crap at the game, you lose a load of money and will probably be judged for being not very intelligent. See point number one again.


3. I like good food




Chinese New Year cake is good only when it's homemade.



When foreigners make jokes about Chinese eating weird foods, I cringe.


When Chinese New Year comes around, I'm the one making the damn jokes.


At this time of year, we do get some incredible festive dishes.


And then there are those odd ones that make you feel like the taste, texture and nutritional content of food have all become irrelevant -- we only eat for superstitions.


Lots of Chinese New Year foods are auspicious in meaning, but atrocious in taste. I propose that we at least get rid of these three that are now out of touch with our lives:


Chinese New Year cake


Called "leen go" in Cantonese ("niangao" in mainland China), the name sounds auspicious and means "to progress more and reach higher every year."


The cake is made from glutionous rice, sugar and flavored with red bean paste or jujubes. Cut into thin slices, dip into beaten eggs and pan fry until it's gooey on the inside and crisp on the outside.


The problem is, no one makes these at home anymore and the store-bought version is bland and stodgy, like eating slices of caulking.


Since glutinous rice is considered difficult to digest for the elderly, us Single Youngers who have nothing to lose are forced to finish the plateful.


Sugared lotus seeds


Back in the day -- before globalization brought us jelly beans and Sugus, before the invention of Coca-Cola, before Christopher Columbus brought cocoa beans to the Old World -- eating sugar-coated lotus seeds during Chinese New Year seemed like a good idea.


Today, we have so many more delicious ways to feed our sweet tooth, so why do people still buy sugared lotus seeds?


They look like mothballs, taste one dimensional and feel like a marble of sand broken upon the tongue.


The name "leen tsi" sounds like "to birth sons each year." No one in the family likes to eat them and most of them already have kids, which means us Single Youngers have to swallow.


Gok tsai


These are deep-fried sweet dumplings. The skin is a thick, lifeless pastry made from lard, the filling is a mind-numbingly sweet blend of sugar and nuts.


Its shape and color makes it, somewhat, resemble a gold ingot. Eating these symbolize prosperity for the new year.


If I had to run a marathon, I might appreciate the fat bomb. But the only thing that I run are scripts on my browser.


That point, like the others in this post, is lost on the Wise Elders, wise as they are.


The opinions expressed in this commentary are solely those of Zoe Li. A former CNN employee, Zoe is a Hong Kong resident and edits the Hong Kong section of BLOUIN ARTINFO.






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Hawks nail Torres, and then drill Coyotes 6-2









GLENDALE, Ariz. — Jamal Mayers punched Raffi Torres in the face, then Patrick Kane punched the rest of the Coyotes in the gut.

It didn't take long for the Blackhawks to get their reprisal on Torres and not much longer to get the last laugh, too, as they drilled the Coyotes 6-2 on Thursday night at Jobing.com Arena.



  • Related

























  • Video: Hawks' Mayers on fighting with Torres




    Video: Hawks' Mayers on fighting with Torres







































  • Kane no longer playing with mouth guard




    Kane no longer playing with mouth guard







































  • Box score: Blackhawks 6, Coyotes 2





    Box score: Blackhawks 6, Coyotes 2






































  • Video: Hossa on facing Torres, Coyotes




    Video: Hossa on facing Torres, Coyotes















  • Maps
























  • Jobing.com Arena, Westgate City Center, Glendale, AZ 85305, USA














  • United Center, 1901 West Madison Street, Chicago, IL 60612, USA












In Torres' first appearance against the Hawks since his 21-game suspension for an illegal hit that seriously injured Marian Hossa during the 2012 Stanley Cup playoffs ended, Mayers confronted the Coyotes veteran just 2 minutes, 35 seconds into the game.

Hossa watched from the bench as the two dropped the gloves and threw flurries of punches during the spirited bout. With that out of the way, it was time for Kane & Co. to get to work.

Kane had two goals and an assist — all in the first period — Jonathan Toews, Bryan Bickell and Viktor Stalberg each had a goal and an assist and Dave Bolland also scored as the Hawks remained unbeaten in regulation at 9-0-2.

"I realize what my job is at this point," Mayers said. "It still doesn't excuse what (Torres did) but give (him) credit that he was willing to go."

Said Torres: "(The Hossa incident) is in the past and part of the game but I understand that if I go out there and run around and throw some hits then I'm going to have to answer the bell sometimes. (Thursday night) was a perfect example."

Patrick Sharp added three assists and Ray Emery earned the victory in goal to help the Hawks move to 3-0-2 on their season-long, six-game trip. Martin Hanzal and Torres scored for the Coyotes and Mike Smith, who was yanked in the second period, suffered the loss.

"What Jamal did was great for the team and put that to rest," said Emery, who made 22 saves to up his record to 3-0-0.

"More important was to get the two points and stay focused, not let that whole situation get the best of us. I think we did that."

After the Mayer-Torres showdown, the Hawks exploded with four unanswered goals: one from Stalberg and two from Kane surrounding one from Bolland.

"We had a great start," Hawks coach Joel Quenneville said. "We had real good purpose to our game. … It was a great effort across the board. I was pleased with every aspect of our game, the contribution from each guy."

After Hanzal's goal early in the second, Toews and Bickell put the game out of reach.

Kane has eight goals and 10 assists in 11 games.

"It's always nice scoring goals when you're winning," Kane said. "Hopefully it's something I can continue and we can keep winning games."

ckuc@tribune.com

Twitter @ChrisKuc



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