News Archive - 16 August 2016

The nuclear deal, its track record and the United States’ perfidy has become the talk of the town in Iran. While the administration and MFA diplomats are trying to address other major issues pertaining to the country and the region, some individuals and parties spare no effort to challenge...

>U.S. officials said on Monday that 12 Yemeni and three Afghan inmates from the Guantanamo prison were transferred to the United Arab Emirates, the single largest transfer of Guantanamo detainees during President Barack Obama's administration. The UAE ministry said in a statement published on the state news agency website...

>WASHINGTON The cost from damage to infrastructure and economic losses in Yemen's civil war is more than $14 billion so far, according to a confidential report seen by Reuters that highlights the effort needed to rebuild the country, where more than half the population is suffering from malnutrition."The conflict...

>MOSCOW Russian bombers based in Iran on Tuesday struck militant targets inside Syria, the Russian Defence Ministry said, after Moscow deployed Russian aircraft to an Iranian air force base to widen its campaign in Syria. The ministry said the strikes, by Tupolev-22M3 long-range bombers and Sukhoi-34 fighter bombers, were launched...

>San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. (bit.ly/2bEQfa3)Apart from Cisco, two other big software companies, Microsoft Corp (MSFT.O) and HP Inc (HPQ.N), have also...

>Praxair Inc's contemplated merger with Linde AG would cut the number of global industrial gas suppliers to three from four, posing antitrust challenges and drawing scrutiny from regulators wary of more mega deals.Antitrust experts said the companies, which announced they were in early-stage talks on Tuesday, would likely have...

>TOKYO The dollar edged off 7-week lows against the yen and euro on Wednesday following hawkish comments from Federal Reserve officials, but scepticism about the Fed's willingness to tighten policy limited the bounce. The dollar nudged up 0.2 percent to 100.530 yen JPY= after falling to 99.550...

>SINGAPORE Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.Brent crude futures LCOc1 were trading at $48.92 per barrel at 0158 GMT, down 31 cents from their last settlement. Despite the dip, prices...

> According to GloboNews, without saying how it obtained the information, Prosecutor-general Rodrigo Janot has requested the country's top court, known as STF, permission to open an investigation on Rousseff and Lula. Rousseff will stand impeachment trial on the Senate on Aug. 25 for allegedly doctoring budget accounts. Media representatives...

>Jalisco Attorney General Eduardo Almaguer told a news conference that one of Guzman's sons, Alfredo, 29, was among six people abducted by armed men from an upscale eatery in the heart of the Pacific resort town early on Monday. "The person ... is the son of Joaquin Guzman Loera, and has...

>WASHINGTON Republican presidential nominee Donald Trump is expected to receive his first national security briefing this week from intelligence officials, sources said on Tuesday.Representatives from the Office of the Director of National Intelligence will give the New York businessman a wide-ranging briefing on foreign policy and national security issues...

>NEW YORK Democratic presidential nominee Hillary Clinton has a 6-percentage-point lead over Republican rival Donald Trump, according to a Reuters/Ipsos tracking poll released on Tuesday.Clinton's support has ranged from 41 percent to 44 percent since late July, and was about 41 percent in the Aug. 11-15 online poll.Trump's...

>NEW YORK Canadian convenience store operator Alimentation Couche-Tard Inc (ATDb.TO) is in the lead to acquire CST Brands Inc (CST.N), a U.S.-based convenience store retailer, according to two sources familiar with the matter. San Antonio, Texas-based CST owns and operates convenience stores and gas stations in...

>Blackstone Group LP (BX.N) has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc (HON.N), people familiar with the matter said. The move illustrates how Blackstone, the world's...

>The confidential material, which will include FBI agent memos on their interviews with the U.S. Democratic presidential candidate, is classified and cannot be made public, according to CNN. (This version of the story has been refiled to fix typo in second paragraph) (Writing by Susan Heavey, editing by G...

> "I have been honored to serve the people of Pennsylvania and I wish them health and safety in all their days," Kane said in a statement. Her deputy, Bruce Castor, is scheduled to address the media later on Tuesday. (Reporting by Joseph Ax; Editing by Bernard Orr)...

>Biden was the first high-ranking U.S. official to make such a gesture following NATO's intervention in the Kosovo conflict, which led to the ethnic Albanian-majority region's declaration of independence from Serbia in 2008.The United States is highly popular among Kosovars, who regard Washington as their savior for the...

>MOSCOW Ukraine says it thinks Vladimir Putin is planning a new invasion, and it's not hard to see why: the Russian leader has built up troops on its border and resumed the hostile rhetoric that preceded his annexation of Crimea two years ago.But despite appearances, some experts say Putin...

>NEW YORK General Electric Co's (GE.N) recent purchase of part of Doosan Engineering & Construction Co Ltd (011160.KS) of Korea will sharply boost the U.S. manufacturer's revenues from its $9.5 billion purchase of Alstom power assets last year, a senior GE executive said on Tuesday.GE's...

> Ailes' role in the campaign could stretch beyond the debates with Democrat Hillary Clinton, the first of which is scheduled for Sept. 26, the Times reported, citing three unidentified people briefed on the matter. (Reporting by Doina Chiacu; Editing by Jonathan Oatis)...

>LA CROSSE, WIS. Republican Donald Trump, who has stressed law and order in his presidential campaign, will hold an event with veterans and law enforcement in Milwaukee, Wisconsin, on Tuesday, visiting days after the city was hit by unrest over a police-involved shooting.He will also appear in a town...

>The watchdog last week imposed a 438 million ruble ($6.85 million) fine on Google after ruling last year that the firm was abusing its dominance by requiring the pre-installation of certain applications on mobile devices using Android, following a complaint by Russia's Yandex. Google had appealed the ruling while...

>WASHINGTON The U.S. government is offering to help states protect the Nov. 8 election from hacking or other tampering, in the face of allegations by Republican presidential candidate Donald Trump that the system is "rigged" and easy to manipulate.Homeland Security Secretary Jeh Johnson told state officials in a...

>LONDON Anjem Choudary, Britain's most high-profile Islamist preacher whose followers have been linked to numerous plots across the world, has been found guilty of inviting support for Islamic State.Choudary, 49, was convicted at London's Old Bailey court of using online lectures and messages to encourage support for the banned...

>WASHINGTON A U.S. agency’s plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing to a years-long battle that could take a Supreme Court test to settle.   Thousands of angry consumers and business representatives have flooded the Consumer Financial Protection Bureau...

>Recent U.S. gross domestic product data overstated weakness in an economy whose fundamentals remain on track for moderate growth through this year and next, Lockhart said."I, as one Fed policymaker, am not prepared to rule out at least one rate hike before year's end," Lockhart said in prepared...

>DETROIT Ford Motor Co (F.N) is hiking investments in Silicon Valley technology firms and more than doubling the size of its Palo Alto, California, research team to help speed development of self-driving cars, the automaker said on Tuesday.Ford and Baidu Inc (BIDU.O), China's largest internet company, have...

>The attack outside the capital hit the home of a local leader of Yemen's armed Houthi group while he was out, killing his father and eight members of the family, residents added.Saudi Arabia's foes during more than a year of war, the Houthis are Yemen's dominant political force and...

>Trump said Merkel's decision to welcome more than a million refugees to Germany was a "disaster" during a campaign rally in Ohio on Monday and said his Democratic opponent Hillary Clinton wanted to be like the German leader."In short, Hillary Clinton wants to be America's Angela Merkel and you...

>Groundbreaking increased 2.1 percent to a seasonally adjusted annual pace of 1.2 million units, the highest level since February, the Commerce Department said on Tuesday. June's starts were largely unchanged at a 1.19 million-unit rate.Permits for future construction dipped 0.1 percent to a 1.15...

>LONDON UBS (UBSG.S) Chief Executive Sergio Ermotti picks his words carefully. So it was no slip of the tongue last month when he urged his peers in the traditionally cut-throat banking industry to work together to lower costs."Talks and conversations are going through between banks on how to...

>Industrial output increased 0.7 percent last month after an downwardly revised 0.4 percent increase in June. Last month, manufacturing output rose 0.5 percent. Economists polled by Reuters had forecast industrial production climbing 0.3 percent last month. (Reporting by Lindsay Dunsmuir; Editing by Jason Lange)...

>TOKYO Asian shares stepped back from a one-year high on Wednesday after the influential New York Federal Reserve Bank president said the Fed could raise interest rates as soon as September, prompting investors to pause after rallies in recent weeks.MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.

>WASHINGTON U.S. consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlying inflation moderated, which could further diminish the prospect of a Federal Reserve interest rate increase this year.Tuesday's tame inflation report from the Labor Department came...

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>SSE, Britain's second-bigger energy supplier and a former investor in new nuclear plants, is planning to build new gas-fired power plants and offshore wind farms that its chief executive said can deliver the electricity needed as old plants close down."If Hinkley doesn't progress, there is plenty to fill the...

>TAIPEI Blackstone (BX.N) has pulled out of a potential $700 million investment in the Taipei 101 tower operator after the Taiwanese group declined to disclose certain financial details, two sources with direct knowledge of the situation told Reuters.Taipei Financial Center Corp (TFCC), which operates the iconic Taipei 101...

>Ken Salazar, previously both a secretary of the interior and a Colorado senator, will chair the team, known formally as the Clinton-Kaine Transition Project, for Clinton and her running mate, Senator Tim Kaine of Virginia.The announcement comes as Clinton has gained momentum in the polls against Republican rival Donald...

>Google on Tuesday launched Google Duo, pitting it directly against Apple Inc's (AAPL.O) FaceTime, which allows video calls only between Apple devices.Duo will also compete with Microsoft Corp's (MSFT.O) video-calling app Skype, Facebook Inc's (FB.O) Messenger and even its own Hangout app. Duo comes with a...

>The United States has repeatedly tried to rebuff anger from China about Seoul's move to host a Terminal High Altitude Area Defence (THAAD) unit with the U.S. military.Mark A. Milley, Chief of Staff of the U.S. Army, told his People's Liberation Army counterpart Li Zuocheng that THAAD...

>GENEVA/PARIS The world's two largest jetmakers are bracing for the next round in a transatlantic spat over billions of dollars of aircraft subsidies, amid accusations of widening U.S. support for Boeing (BA.N) and persistent European aid to Airbus. (AIR.PA)After a year-long lull, the world's biggest trade dispute will...

> Cook made the comments in a meeting with Vice Premier Zhang Gaoli, one of China's most senior officials, according to the official Chinese state broadcaster. Apple did not immediately respond to request for comment. (Reporting by Paul Carsten and Judy Hua; editing by Susan Thomas)...

>U.S. stock index futures were slightly lower on Tuesday, a day after Wall Street closed at record highs and ahead of a raft of economic data.The markets are awaiting the release of the minutes from the Federal Reserve's July meeting on Wednesday that would provide clues on when...

>U.S. industrial gas supplier Praxair Inc (PX.N) is in early-stage talks to acquire German peer Linde AG (LING.DE) and create a market leader with a value of more than $60 billion, a person familiar with the matter said, sending shares in Linde higher.Such a deal would...

>DHAKA/NEW YORK Bangladesh's central bank said it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering $81 million stolen by cyber thieves in February."At the moment we have no plan to...

>The program is a priority as President Xi Jinping has urged China to establish itself as a space power, and apart from its civilian ambitions, it has tested anti-satellite missiles.The Quantum Experiments at Space Scale, or QUESS, satellite, was launched from the Jiuquan Satellite Launch Centre in the remote...

>WASHINGTON When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a top drug lord, it did more than just sideline one local businessman from the global financial system.The action, designed to target only Zabaneh, his alleged associates and their...

>NEW YORK Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S. internet publisher Gawker Media LLC for $135 million, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million.Univision's winning bid for Gawker, which will go before a U.S.