* Houla massacre leaves UN plan in tatters
* China Industrial Companies’ Profits Decline 2.2% In April
* Tehran defiant on nuclear programme
* Gambia signs oil-rights accord with Camac Energy
* Nepal runs out constitution clock, slips into crisis
* Markets: mixed
Houla massacre leaves UN plan in tatters
The UN-backed peace plan for Syria was in disarray on Sunday after armed rebels said they would no longer abide by a ceasefire and a local network of protesters demanded the departure of UN observers, the FT reports.
China Industrial Companies’ Profits Decline 2.2% In April
Chinese industrial companies’ profits fell in April, a government report showed, as the nation’s slowing economy curbed demand, Bloomberg reports. Earnings declined 2.2 per cent from a year earlier to 407.6bn yuan ($64.2bn), the National Bureau of Statistics said on its website yesterday. That compared with a 4.5 per cent gain in March.
Tehran defiant on nuclear programme
Iran has said it will continue to stockpile highly enriched uranium and has ruled out the inspection of a suspect military site in a sign of Tehran’s frustration that concessions on its nuclear programme may not result in relief from international sanctions, the FT reports.
Gambia signs oil-rights accord with Camac Energy
Gambia and US-based Camac Energy signed a contract for the exploration and production of offshore oil, state-run media said, in the West African country’s first agreement of its kind with a foreign company, Bloomberg reports.
Nepal runs out constitution clock, slips into crisis
Nepal dissolved its four-year-old Constituent Assembly at midnight Sunday and set new elections after political parties failed to agree on the model of federalism the country should adopt in a new constitution, the WSJ reports.
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S&P CNX Nifty Index down -0.02% at 4,920
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