News Archive - 14 July 2016

>SAN FRANCISCO Venture capital investments in startups rebounded in the second quarter, as a general stock market recovery helped restore confidence, according to a new report published on Friday.Investors plowed $15.3 billion into venture-backed startups in the second quarter of this year, a 20.5 percent increase over...

>BAGHDAD The U.S. military expects to seek additional troops in Iraq, even beyond the hundreds announced this week, as the campaign against the Islamic State advances, the head of the U.S. military's Central Command told Reuters."As we continue on the mission, I think there will be some...

>SAN FRANCISCO The S&P 500's multiple record highs set this week after more than a year-long wait on Wall Street would not have taken so long had Apple Inc (AAPL.O), the index's largest constituent, not fallen deeply from its own all-time high.Since the S&P 500 hit its prior...

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>The Permanent Court of Arbitration in The Hague ruled on Tuesday that China had no historic claim to the waters and it had violated the Philippines' economic and sovereign rights.China rejected the ruling, having declined to participate in the case saying the court had no jurisdiction.The subject was...

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>Analysts polled by Reuters had predicted gross domestic product (GDP) would ease to 6.6 percent in the second quarter, which would have been the weakest since the global financial crisis, and had predicted a further loss of steam later this year.Second quarter GDP rose 1.8 percent quarter-on-quarter,...

>SEOUL Like many in North Korea's army of 1.2 million, Eom Yeong-nam spent more time holding the wooden handle of a shovel than a Kalashnikov rifle during his years in the 501 Construction Brigade."Except for basic military training two to three months a year, we worked on building...

>SINGAPORE The yen eased versus the dollar on Friday and was on track for steep losses for the week, under pressure from improving risk sentiment and speculation that Japanese policymakers could adopt more radical monetary stimulus.The dollar edged up 0.1 percent to 105.46 yen, after having set...

>Brent crude futures were down 41 cents at $46.96 a barrel at 0024 GMT. On Thursday they settled up $1.11, or 2.4 percent, at $47.37 a barrel, supported by short covering.U.S. West Texas Intermediate (WTI) was down 40 cents at $45.28 a barrel.

>ST. LOUIS Three Federal Reserve policymakers on Thursday expressed the view that there was no hurry to raise U.S. interest rates in the wake of the UK decision to leave the European Union, despite signs that the U.S. economy is near full employment.Ahead of the next Fed...

>An attacker killed at least 73 people and injured scores when he drove a truck at high speed into a crowd watching Bastille Day fireworks in the French Riviera city of Nice late on Thursday."I don't think that will have a big impact on the market today" in Asian...

>WASHINGTON/NEW YORK Republican Donald Trump's expected selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates on Thursday, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda.Trump has called climate change...

>Voting largely along party lines, the Republican-controlled House voted 246 to 179 to pass a new set of sanctions on Iran, and 246 to 181 for a measure to block Iran's access to the U.S. financial system, including use of the dollar.The House on Wednesday passed a bill...

>St. Louis Federal Reserve Bank President James Bullard told reporters that there's "no rush" to raise U.S. interest rates, and repeated his view that he sees only one rate rise needed in the coming two and half years if U.S economic and productivity growth stay as slow as...

>WASHINGTON Lawmakers in the U.S. House of Representatives introduced long-stalled legislation on Thursday that would make it a federal crime to share sexually explicit material of a person online without the subject’s consent.The "Intimate Privacy Protection Act" is an effort several years in the making to combat the...

>Senator John Thune, a South Dakota Republican who heads the U.S. Senate Committee on Commerce, Science, and Transportation, asked the automaker to brief the committee by July 29 on the incident and "Tesla's actions in response and the company's cooperation with" U.S. auto safety regulators, according to the...

>Obama and Pena Nieto will discuss "a range of issues," the White House said in a statement on Thursday. The visit follows the two leaders' meeting during the "Three Amigos" summit in Ottawa last month. (White House corrected statement to show meeting on July 22, not July 15) (Reporting by...

>The truck rammed into the crowd on the Promenade des Anglais seaside walk in the center of town, regional newspaper Nice Matin reported, citing its own reporter at the scene.French television channel BFM TV said the local prefecture in Nice was treating the incident as an attack and was...

>WASHINGTON Business groups urged the Obama administration on Thursday to drop or revise its latest proposals to discourage U.S. companies from rebasing overseas in search of tax savings, part of a long-running fight over so-called tax inversion deals.The tax avoidance strategy has been attempted in recent years, with...

>German drug and crop chemical group Bayer AG (BAYGn.DE) on Thursday announced details of a sweetened $64 billion bid for Monsanto Co (MON.N) as it tries to put the U.S. seed company under pressure to engage further.The move shows the two companies have made little progress...

>WASHINGTON Republican Donald Trump chose Indiana Governor Mike Pence as his vice presidential running mate on Thursday, U.S. news organizations reported, a move that will put at Trump's side a conservative with the potential to unify divided Republicans.The presumptive Republican presidential nominee is to announce his choice on...

>The data released by the world's largest social network on Thursday reflects the scant progress made by Silicon Valley heavyweights in making their workplaces more diverse in the face of criticism for having mostly white, male workers.Last month, Alphabet Inc's (GOOGL.O) Google released data on diversity, saying it...

>George, speaking before a luncheon of business and community leaders in Oklahoma City, said higher demand for safe assets since Britain's vote to leave the European Union could push up the value of the dollar and impact U.S. growth. (Reporting by Jason Lange in Washington; Editing by Chizu Nomiyama)...

>MOSCOW U.S. Secretary of State John Kerry arrived in Moscow on Thursday with a proposal to boost military cooperation and intelligence sharing with Russia against Islamic State and al Qaeda camps in Syria, despite doubts among U.S. officials.Kerry was due to meet President Vladimir Putin on Thursday...

>WASHINGTON U.S. Supreme Court Justice Ruth Bader Ginsburg on Thursday said she regrets making critical comments about Republican presidential contender Donald Trump."On reflection, my recent remarks in response to press inquiries were ill-advised and I regret making them," she said in a statement issued by the court.Ginsburg,...

>The FCC approved opening nearly 11 gigahertz of high-frequency spectrum for mobile, flexible and fixed-use wireless broadband. The FCC said the new rules "will provide vital clarity for business investment in this area." Verizon Communications Inc and AT&T Inc have said they will begin deploying 5G trials in 2017,...

>The offering of 22 million American Depository Shares (ADSs) at $32.84 each topped the upper end of the expected price range of $28.50-$32.50, raising about $723 million.The Tokyo-based company's shares hit a high of $44.49 in early trading on the New York Stock Exchange.Line,...

>FDIC Chairman Martin Gruenberg also said he made personnel changes after receiving a report in 2013 informing him that he had not been fully briefed about the major compromise of the regulator's computers by a foreign government in 2010 and 2011.Gruenberg made the comments in prepared remarks for a...

>The U.S. official said the burden was on China to establish that it was a market economy, but so far its market reforms had fallen short of expectations, especially in aluminium and steel where state intervention had led to oversupply and overcapacity, threatening industries around the world. The WTO...

>VICTOR, Idaho The U.S. Federal Reserve should remain "cautious and patient" with any future interest rate increases as the fallout from the recent Brexit vote becomes clear, Atlanta Federal Reserve Bank president Dennis Lockhart said, adding weight to a core of U.S. central bankers who appear poised to...

>The 2nd U.S. Circuit Court of Appeals in New York reversed a 2014 lower court order directing Microsoft to comply with a warrant to turn over to the U.S. government the contents of a customer's email account stored on an Irish server. It also voided a finding of...

>The S&P 500 and the Dow scaled new highs on Thursday as JPMorgan's strong results set an upbeat mood for earnings and spurred a rally in financial stocks.While the Bank of England unexpectedly left interest rates unchanged, investors saw hope after the central bank signaled there would be a...

>Israel-based Teva (TEVA.N) said in a filing with the U.S. Securities and Exchange Commission it would hold investor calls in the United States this week and meetings in Europe next week ahead of a potential multi-currency bond sale.Barclays, Bank of America Merrill Lynch, BNP Paribas, Credit Suisse,...

>The agreement is "subject to the fulfillment of certain conditions, before the closing which is planned for early October," Qatar Airways said. It said in June it had reached an impasse in negotiations to buy the stake due to disagreements over working conditions. (Reporting by Tom Finn; editing by Jason...

>The New York Times/CBS News poll showed 67 percent of voters surveyed said Clinton was not honest and trustworthy, up 5 percentage points from a CBS poll conducted last month before the FBI made its findings public.As Donald Trump prepares to accept the Republican presidential nomination next week, the...

>WASHINGTON U.S. magazine Consumer Reports on Thursday urged electric car maker Tesla Motors Inc (TSLA.O) disable the automatic steering function in its Autopilot driving-assist system, which is under investigation by U.S. regulators after a fatal crash.Consumer Reports, which has 8 million subscribers and issues annual ratings...

>WASHINGTON U.S. Secretary of State John Kerry heads to Moscow on Thursday to again seek closer Russian cooperation in the war against Islamic State in Syria, but he faces strong opposition from defense and intelligence officials who argue that Washington and Moscow have diametrically opposite objectives in the country.

>LONDON New Prime Minister Theresa May showed a ruthless streak on Thursday in building a cabinet to lead Britain's exit from the European Union, while her finance minister said he would do whatever was necessary to restore confidence in the economy. The Bank of England kept interest rates unchanged, wrong-footing...

>WASHINGTON The number of Americans filing for unemployment benefits unexpectedly held at lower levels last week, pointing to further momentum in the labor market after job growth surged in June.Another report on Thursday showed producer prices recorded their biggest gain in a year in June on rising costs for...

>WASHINGTON/NEW YORK U.S. Senator Tim Kaine is widely seen as the "safe choice" to become Hillary Clinton's vice presidential running-mate, and that may be the biggest mark against him.With a resume that includes a stint as a missionary in Honduras before becoming a civil rights lawyer, Kaine could...

>BRUSSELS EU regulators brought a third antitrust charge against Alphabet Inc's Google on Thursday, accusing it of blocking rivals in the lucrative online search advertising market.The European Commission also reinforced its existing charge against the world's most popular Internet search engine that its search results favor Google's own shopping...

>LONDON The Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years as Britain's economy reels from last month's Brexit vote.The Bank said it was likely to deliver stimulus in three weeks' time, possibly as a...

>The bank's net income slipped to $6.20 billion in the second quarter ended June 30, from $6.29 billion a year earlier, as it set aside more money to meet future loan losses.However, earnings per share rose to $1.55 from $1.54, handsomely beating the average analysts'...

>Foxconn, formally known as Hon Hai Precision Industry Co, is investing around $3.5 billion for a two-thirds stake in Sharp. The Nikkei had previously reported that the closing of the deal was being thwarted by a time-consuming antitrust review in China. ($1 = 105.4600 yen) (Reporting by Tokyo...