News Archive - 4 July 2016

>CAPE CANAVERAL, Fla. NASA'S Juno spacecraft capped a five-year journey to Jupiter on Monday with a do-or-die engine burn that looped it into orbit to probe the origins of the biggest planet in the solar system and how it impacted the rise of life on Earth, the U.S. space agency...

>HERSHEY, Pennsylvania The town of Hershey, Pennsylvania, calls itself the "sweetest place on earth."But if chocolate giant Hershey Co. (HSY.N) considers any new acquisition offer in the coming weeks, it could face bitter opposition from some in its namesake town, where residents have prospered from its presence and...

>Ernst told the network that she and the New York real estate mogul had a "good conversation.""I will continue to share my insights with Donald about the need to strengthen our economy, keep our nation safe, and ensure America is always a strong, stabilizing force around the globe," she...

>SEOUL Tech giant Samsung Electronics Co Ltd is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones. The South Korean giant will disclose its estimates for...

>Turnbull's conservative coalition has secured 68 seats, opposition Labor 67, with 10 seats in doubt, according to projections by the Australian Broadcasting Corporation. The major parties need 76 seats to form a majority government.Vote counting is expected to drag on for days, possibly weeks, leaving Australia in a political...

>The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) fell to 49.4 in June from 50.4 in May on a seasonally adjusted basis.The index fell below the 50 threshold that separates expansion from contraction for the first time in two months.The index for new business fell to...

>SINGAPORE Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year. International benchmark Brent crude oil futures were trading at $49.95 per barrel at 0030 GMT,...

>TOKYO Asian shares stepped back after five straight days of gains on Tuesday as investors took stock of a rally driven by the hope that central banks will provide stimulus to offset a likely downturn triggered by Brexit.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.1...

>TOKYO The Australian dollar inched lower on Tuesday as investors awaited a monetary policy decision later in the session, while major currencies continued to tread water with U.S. markets shut on Monday for Independence Day. The Aussie inched down 0.2 percent to $0.7525 AUD=D4, though it remained...

>The number of businesses pessimistic about the economy over the next twelve months jumped to 49 percent in the week following the referendum from 25 percent before the vote outcome, according to a survey conducted by YouGov and the Centre for Economics and Business Research (Cebr).Britain's vote to withdraw...

>Economists warn delayed investment decisions and a hit to jobs and consumption from Brexit will hurt exports from Asia's trade-reliant economies, which are already reeling from weak external demand, particularly from China.A round of Asian central bank policy meetings in the region this month could reveal an increased bias...

>Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said.Selected ideas will receive initial funding of up to 1.5 million reais ($459,000) for...

>"The more the public believes that the recapitalization process was indeed a good one, that the banks are indeed very stable, that we are indeed taking the appropriate measures to deal with the bad loans, if ... money starts returning to the banks, this will help lift capital controls," Tsakalotos told...

>RIYADH Suicide bombers struck three cities across Saudi Arabia on Monday, in an apparently coordinated campaign of attacks as Saudis prepared to break their fast on the penultimate day of the holy month of Ramadan.The explosions targeting U.S. diplomats, Shi'ite worshippers and a security headquarters at a mosque...

>French President Francois Hollande, German Chancellor Angela Merkel and EU's foreign policy chief Federica Mogherini, held a meeting with Balkan leaders in Paris during which they underlined their determination to continue the accession talks."After the British decision, we have to remind everyone of our essential foundation and the commitments...

>Juppe, who was in London to meet French expatriates in the wake of Britain's referendum decision to leave the European Union, also said France needed to prove it was competitive and he pressed the need for fiscal harmonization within the EU."It's a new challenge, of course. We have to...

>LONDON Central banks raised oversight of currency markets to an unprecedented degree around Britain's shock vote to leave the European Union, demanding detailed updates from major trading desks every six hours throughout last week, industry sources said on Monday.One senior banker with a major global bank said the calls,...

>NEW YORK Donald Trump, the presumptive Republican presidential nominee, on Monday lashed out at the press for continuing to report on the fallout from a post he made to social media that included an image depicting Democratic rival Hillary Clinton against a backdrop of cash and a Star of David.

>TEL AVIV In the high tech hub of Tel Aviv, where companies have been responsible for ground-breaking advances like the USB stick, Or Offer never thought it would be hard to find workers for his fast-growing Internet data firm SimilarWeb.But an alarming lack of engineers, technicians and even doctors,...

>Two Japanese fighter jets took "provocative actions" at a high speed near a pair of Chinese fighter jets that were carrying out patrols in the East China Sea on June 17, China's defense ministry said in a micro blog statement on Monday, without specifying where exactly the incident took place.

>LONDON The leader of Britain's insurgent right-wing populist UK Independence Party said on Monday he was stepping down after realising his ambition to win a vote for Britain to leave the EU, punching another hole in the country's chaotic politics.The departure of brash former commodities trader Nigel Farage would...

>LONDON Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to capital...

>The Philippines brought the case to the Permanent Court of Arbitration in the Hague and a ruling is expected on July 12. The case contests China's claims to the bulk of the South China Sea, a body of water through which $5 trillion in ship-borne trade passes every year. China...

>Police have said all six Islamist gunmen killed in Friday's attack, unprecedented in Bangladesh for its scale and brutality, were locals, leaving authorities rattled by the apparent spread of extremist ideology in a country until recently viewed as a relatively stable secular democracy. Islamic State (IS) has claimed responsibility for...