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Blast at weapons factory near Rome injures three

ROME, Oct 9 (Reuters) At least three people were injured today in an explosion at a weapons factory near Rome, police said. The cause of the blast was not immediately clear.

The plant at Colleferro, southeast of Rome, belongs to Simmel Defence, which manufactures ammunitions, explosives, missile warheads and rockets for the armed forces in Italy and abroad, according to the company's website.

REUTERS SG DS1455

Reuters Summit-Overseas Indians drive Sarasin Asia growth

HONG KONG, Oct 9 (Reuters) Swiss asset manager Bank Sarasin&Co aims to expand staff in Asia by up to 20 percent over the next three years, driven partly by customer growth among Indians living abroad, its regional chief said on Tuesday. While not ruling out acquisitions, Kenneth Sit, Asia chief executive officer at Sarasin Rabo Investment Management Ltd, said the company is focused on organic growth for now. In Asia, the bank employs 200 and expects to grow that by.....

Watchdog attacks "harsh" tax credit system

LONDON, Oct 9 (Reuters) Prime Minister Gordon Brown's flagship tax credit system is causing unnecessary distress and hardship to the poorest families it was designed to help, a critical report said on Tuesday. Parliamentary Ombudsman Ann Abraham said the unsympathetic pursuit of overpayments from families was making many who were entitled to the welfare benefit avoid it altogether. ''It causes anxiety and distress and sometimes even family break-up,'' she told BBC Radio. ''If this benefit is going to be delivered to.....

Prudential boosts Vietnam profile with consumer finance

HANOI, Oct 9 (Reuters) Prudential Plc , Britain's second-largest insurer, said it has opened consumer finance business in Vietnam, becoming the first foreign non-bank financial firm to tap one of Asia's fastest growing economies. Prudential Vietnam Finance Co would provide personal loans and home mortgages and later plans to introduce credit card business, Prudential said in a statement on Tuesday. It marks Prudential's first foray into the consumer finance business, the company added. Foreign players have been flooding into Vietnam's booming.....
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