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Business

MGM raises Wembley bid

US casino giant MGM Mirage on Thursday raised its recommended offer for British racetrack owner Wembley Plc to at least £301mil (US$556mil), in a bid to knock out a rival US suitor.

AseanPlus News

Opposition withdraws suit for new Taiwan polls

Taiwan's opposition Nationalist Party has withdrawn a lawsuit which sought to nullify last month's hotly disputed presidential election, saying it would allow a vote recount to take place first.

AseanPlus News

Chen, Lien given five days to sort out recount

Taiwan's High Court gave the lawyers of President Chen Shui-bian and opposition leader Lien Chan five days yesterday to agree on the terms of a recount for the hotly disputed presidential election.

AseanPlus News

Opposition wants inquiry into assassination bid

Taiwan's opposition, shifting focus from demands for a presidential poll recount, warned of protests for the next four years if an inquiry was not held into an assassination attempt on President Chen Shui-bian.

AseanPlus News

Lien’s suit to be heard on Friday

Taiwan's High Court will hear an opposition lawsuit contesting the narrow election victory of incumbent President Chen Shui-bian on April 2, a court spokesman said on Wednesday.

AseanPlus News

Chen sees China ties deadlocked forever

B>TAIPEI:/BTaiwan President Chen Shui-bian sees ties with arch foe China forever deadlocked if Beijing refuses to recognise the island's sovereignty and has vowed to adopt a new constitution in 2008 despite the risk of war.

AseanPlus News

Lien mounts legal bid against election

Taiwan's opposition mounted a legal challenge late yesterday to President Chen Shui-bian's election victory as protests against the result abated amid a new investigation into Chen's shooting, which is at the centre of the controversy.

Other Sport

Young withdraws suit against US Olympic Committee and USATF

Jerome Young, the embattled US Olympic track and field gold medallist, has withdrawn his lawsuit against two United States sports groups.

AseanPlus News

Taiwan court rejects bid to nullify polls

B>TAIPEI:/BTaiwan's High Court rejected Wednesday a lawsuit by defeated presidential candidate Lien Chan seeking to invalidate last week's closely fought polls, saying the election commission had yet to formally declare the winner.

Business

Court orders Bank of India to pay US$82m

London's High Court has ordered state-run Bank of India (BOI) to pay around US$82mil in compensation for fraudulent transactions with the collapsed Bank of Credit and Commerce International (BCCI).