News Archive - 4 August 2016

Nuclear sanctions that forced Iran to sell its oil through private-sector individuals and institutions, an unconventional way in international trade, eventually led to corruptions. The rise of the likes of tycoon Babak Zanjani caused by oppressive sanctions has provided a pretext for international institutes to list Iran on top...

Wednesday, 13th of Mordad – August 3rd, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -France closes down mosques The French Interior Minister has stated that 20 mosques and prayer rooms have, hitherto, been closed down due to what he called “radical campaigns”.   -Kashmir crisis continues The...

>Iran released the five detainees on Jan. 16 after the United States had agreed to grant clemency to seven Iranians held mostly for sanctions violations and drop charges against 14 Iranians overseas. The payment, which the administration announced the following day, coincided with the lifting of international sanctions against Tehran...

>NEW YORK/WASHINGTON Groups of wealthy Republicans unhappy with Donald Trump have been privately courting prominent peers to join them in backing Democrat Hillary Clinton's U.S. presidential bid, several people involved in the effort told Reuters.They say they are seeking money and endorsements from other Republicans disillusioned by Trump,...

>LAS VEGAS A software program dubbed "Mayhem" was poised to win the final round of a three-year contest to teach computers to launch and defend against cyber attacks, earning a $2 million prize for the team that wrote the winning code.The event, known as the Cyber Grand Challenge, concluded...

>Mohammad El Halabi, World Vision's manager of operations in Gaza, was arrested by Israel on June 15 while crossing the border into the enclave, which is under the de facto rule of Hamas, a group on the Israeli and U.S. terrorism blacklists.A senior Israeli security official on Thursday...

>BRASILIA A Senate impeachment committee voted on Thursday to put suspended Brazilian President Dilma Rousseff on trial in the full chamber for breaking budget laws, opening the way for her to be removed from office.The 21-member committee voted 14-5 to try Rousseff for allegedly doctoring government accounts to allow...

>TOKYO The British pound licked its wounds on Friday, a day after the Bank of England not only cut interest rates but also restarted its bond purchase program to shore up the economy, while the dollar held firm ahead of the U.S. employment data.The BoE cut rates to...

>LAS VEGAS Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products.The maker of iPhones and iPads provided Reuters with details...

>"The Turkish authorities (made) several deliveries of documents to us and we're in the process of going through those documents," spokesman Mark Toner told a daily news briefing.Toner said the first batch "did not, we believe, constitute a formal extradition request."He added: "We subsequently received more documents. We're...

>The statement was issued by the Pentagon after a videoconference meeting of the defense officials from the three countries. On Wednesday, North Korea launched a ballistic missile that landed in or near Japanese-controlled waters for the first time, the latest in a series of launches by the isolated country. (Reporting...

>TOKYO Real wages in Japan rose the most in almost six years in June, data showed on Friday, but the gain was exaggerated by the effect of falling prices, highlighting the government's struggle to pull the economy out of deflation. Prime Minister Shinzo Abe has sought to lift the economy...

>While the U.S.-led air and ground campaign against the group's strongholds in Iraq and Syria have cost it territory, IS is adapting by reverting to high-profile attacks and by using the internet to recruit members, train them and encourage "lone wolf" attacks. Islamic State also maintains control of...

>Chief Financial Officer Michael Berry told Reuters that the job cuts were part of a restructuring effort that will reduce annual costs by about $80 million.He said the business was not growing as quickly as anticipated because of a revenue slowdown at its services division, which helps businesses respond...

>Bond dealers break apart, or "strip," these components for resale to investors who seek to receive a known payment on a specific future date. These "Separate Trading of Registered Interest and Principal of Securities" (STRIPS), also known as zero-coupon securities, pay investors only when they mature.The stripping of longer-dated...

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>WASHINGTON The judge assigned to rule whether the U.S. government can block the mega-mergers of health insurers Aetna Inc (AET.N) and Humana Inc (HUM.N), and Anthem Inc (ANTM.N) and Cigna Corp (CI.N) said on Thursday it would be difficult for him to decide both cases...

>By Jill SerjeantClint Eastwood, the 86-year-old four-time Oscar winner, excoriated the current generation of Americans as weak and overly sensitive while backing Donald Trump even though the Republican presidential hopeful has "said a lot of dumb things."Eastwood, a prominent celebrity supporter of the Republican Party who appeared at its...

>WASHINGTON Supporters of Republican Donald Trump urged him to get back on message on Thursday after a week of dropping opinion poll numbers and a war of words with ranking Republicans over his U.S. presidential campaign.Trump pledged to focus more on Democratic candidate Hillary Clinton, who emerged from...

>U.S. District Judge Kevin Castel in Manhattan dismissed racketeering claims asserted by brands owned by Paris-based Kering SA, saying their complaint failed to allege facts that could sustain those claims. (Reporting by Nate Raymond in New York; Editing by Paul Simao)...

>SAN FRANCISCO Facebook Inc's News Feed will show fewer "clickbait" headlines over the next few weeks, the company announced Thursday, as it seeks to establish itself as the prime web destination for news and social updates. The company receives thousands of complaints a day about clickbait, headlines that intentionally withhold...

>UNITED NATIONS Yemen's Houthi rebels used civilians as human shields, Islamic State militants in the country received an influx of cash and al Qaeda has improved its roadside bombs, according to a confidential report by United Nations experts monitoring sanctions on Yemen.The 105-page report to the U.N. Security...

>SINGAPORE Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions after profiting from sharp declines since June.U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.81 per barrel at 8.29 p.m ET,...

>The rules by the Consumer Financial Protection Bureau (CFPB), created in the aftermath of the U.S. housing bust that began in 2006, build on current regulations requiring a mortgage servicer to grant certain foreclosure protections to a struggling borrower once over the life of the loan.Now, servicers, the...

>Amid a broad slowdown in airline purchases, the European planemaker said it had sold 373 jets between January and July, or 323 after adjusting for cancellations.That compares with 383 airplane sales, or 333 after cancellations, notched up by U.S. rival Boeing.Despite the fanfare over an order for...

>The company is set to start selling its offshore China assets this month, the Journal reported on Thursday.Chevron's stake in an offshore oil field venture with China's state-owned oil company CNOOC Ltd could fetch as much as $1 billion, according to the report. (on.wsj.com/2aAtYHU)Chevron had disclosed in...

>The latest third-quarter GDP estimate was a tad faster than the 3.6 percent figure calculated on Wednesday, the regional Fed said on its website. (Reporting by Richard Leong)...

>HICKORY, North Carolina As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations.Little more than a decade later jobs are coming back.

>NEW YORK Apple Inc (AAPL.O) deserved the hundreds of millions of dollars in damages Samsung Electronics Co Ltd (005930.KS) paid for infringing patented designs of the iPhone because the product's distinctive look drives people to purchase it, a group of design industry professionals told the U.S. Supreme...

>LONDON The Bank of England swung into action on Thursday against the economic shock from Britain's vote to leave the European Union, cutting interest rates to near nothing and unleashing billions of pounds to cushion the Brexit blow.In what one bank dubbed a "sledgehammer stimulus", the BoE cut interest...

>Wall Street was little changed on Thursday after the Bank of England cut its main lending rate to a record low and revived its bond-buying program.The BoE lowered the rate to 0.25 percent from 0.5 percent and said it would take "whatever action is necessary" to achieve...

>The Commerce Department said on Thursday that new orders for manufactured goods declined 1.5 percent after a downwardly revised 1.2 percent decrease in May.Economists polled by Reuters had forecast factory orders dropping 1.8 percent in June after a previously reported 1.0 percent decline in May.

>WASHINGTON The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July.Despite the increases, the labor market remains healthy and will probably continue to support economic growth for the remainder...

>LONDON Anheuser Busch InBev (ABI.BR) managers will take all but one of 19 key positions following the brewer's $100 billion-plus takeover of rival SABMiller (SAB.L), according to details of the transaction announced on Thursday. The deal, sweetened last week to help make up for a drop in the...

>It said anti-terror police, supported by a helicopter, staged simultaneous raids on 22 addresses in the city after a tip-off that Islamic State cells were planning attacks.The suspects, who included senior local figures in the group, were taken to Adana police headquarters for questioning, it said. President Tayyip Erdogan...

>U.S. small business borrowing rose in June, data released on Thursday showed, but not enough to reverse three straight months of decline, pointing to sluggish economic growth ahead.The Thomson Reuters/PayNet Small Business Lending Index rose to 138.9 in June, from May's upwardly revised 131.1. It was...

>MOSCOW Privately-held Russneft has submitted a bid to buy the Russian government's stake in oil producer Bashneft (BANE.MM), which is set for privatization later this year, two sources told Reuters on Thursday. The stake sale in Bashneft, a mid-sized oil company that has been rapidly growing its output in...

>VIENTIANE The Philippines is eager to join the 12-nation Trans Pacific Partnership trade deal and it has already held informal talks with the United States to do so, Trade Secretary Ramon Lopez said on Thursday.In an interview with Reuters on the sidelines of ASEAN economy ministers meetings in Vientiane,...