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By Dave Graham, Adriana Barrera and Simon Gardner MEXICO CITY (Reuters) - Mexican lawmakers unveiled a draft energy bill on Saturday that includes contracts ranging from profit-sharing and risk-sharing to licenses to lure private investment, in what would be the biggest opening in the world's No. 10 producer in decades. Approval of the bill would mark the end of the decades-long oil and gas monopoly held by state-run Pemex, which is struggling to reverse a sharp slide in oil output due to years of chronic under-investment. The bill, which would keep ownership of crude in state hands, is at the center of an economic reform drive that President Enrique Pena Nieto hopes will boost long-lagging growth in Latin America's second-largest economy. But it is a big step from the service contracts currently on offer, under which companies are paid a fee and are able to recover costs, and also goes well beyond the proposal made by Pena Nieto in August, which was limited to profit-sharing contracts.
Shut out of the Toronto Santa Claus parade last month, a jolly Toronto Mayor Rob Ford was welcomed with mixed feelings as he strolled down Lake Shore Boulevard for Etobicokeâ€™s annual parade on Saturday.
PEARL HARBOR, Hawaii - About 50 survivors of the Japanese attack on Pearl Harbor paused Saturday at the site to honour those killed and remember the moment that plunged the U.S. into World War II. He went to Pearl Harbor, about 18 miles south of his Army post at Schofield Barracks, with dozens of ambulances. A crowd of about 2,500 joined the survivors at Pearl Harbor to honour those killed and those who fired back, rescued the burned and went on to serve during the war. Roughly 2,400 sailors, Marines and soldiers were killed at Pearl Harbor and other military installations on the island of Oahu in the Dec. 7, 1941, attack.
(Reuters) - Internal JPMorgan Chase & Co emails and computer files being examined by U.S. authorities show that the bank favored hiring people from prominent Chinese families in order to win investment banking business, the New York Times reported on Saturday. The documents show that a JPMorgan program designed to prevent questionable hiring practices was ultimately viewed inside the company as "a gateway to doing business with state-owned companies in China," the Times said, adding that it had reviewed copies of the emails and computer spreadsheets. In one email, an executive said that hiring sons and daughters of powerful people in China "almost has a linear relationship" with winning assignments, the Times said. A JPMorgan spokesman declined to comment on the report, as did representatives of the U.S. Securities and Exchange Commission and the office of the federal prosecutor in Brooklyn, New York, which are investigating the matter.
SAN FRANCISCO - A tired but smiling 85-year-old U.S. veteran detained in North Korea for several weeks returned home Saturday to applause from supporters, yellow ribbons tied to pillars outside his home and the warm embrace of his family. Merrill Newman arrived at the San Francisco airport after turning down a ride aboard Vice-President Joe Biden's Air Force Two in favour of a direct flight from Beijing. He also thanked the Swedish Embassy in Pyongyang, North Korea, and the U.S. Embassy in Beijing for helping to secure his release. Newman was detained in late October at the end of a 10-day trip to North Korea, a visit that came six decades after he oversaw a group of South Korean wartime guerrillas during the 1950-53 war.
LONDON - Organizers of an Antarctic charity race involving Prince Harry said Saturday they are suspending its competitive element because of harsh conditions, but plan to continue the journey to the South Pole. Harry, 29, is a member of one of three teams involving injured soldiers that set off last week on the 200-mile (320-kilometre) Walking with the Wounded South Pole Challenge. Harry and actors Dominic West and Alexander Skarsgard are on the trek with teams from Britain, the Commonwealth and the U.S. Guy Disney of the British team said there had been "a few small injuries â€” nothing too serious" and that the teams were determined to make it to the South Pole.
SUN CITY, South Africa - Reflecting Nelson Mandela's vision for sport in his country, South Africa's multi-racial rugby sevens team huddled Saturday in the middle of the stadium named after the anti-apartheid leader, raised their hands to the skies and joined them together. The South Africans then won their game. Mandela would have surely enjoyed it, just as he famously delighted in the Springboks' famous rugby World Cup victory in 1995 or the country's historic hosting of the 2010 football World Cup. In the stands at Nelson Mandela Bay Stadium, blacks and whites waved their country's colorful flag and loudly cheered scores by the dreadlocked Cecil Afrika and the team's blond captain, Kyle Brown.