News Archive - 22 August 2016

Almost a month before the thirty-fifth anniversary of Iraq’s invasion of Iran, the two neighbors are strengthening what is seen as their renewed decade-long fraternity. Iraqi Parliament Speaker Salim al-Jabouri has just left Iran after a visit to discuss regional issues and see into possibilities for further economic cooperation,...

>BERLIN German exports to Iran, mostly machines and equipment, jumped in the first half of the year following the removal of international sanctions against the Islamic Republic, official trade data showed on Monday.Exports to Iran surged by 15 percent year-on-year in the first six months of 2016 to 1.

> The two U.S. leaders commended Costa Rica for its leadership in setting up a “protective transfer arrangement” in partnership with the United Nations High Commissioner for Refugees and the International Organization for Migration to provide temporary safe haven for up to 200 migrants at a time from El...

By ARESU EQBALI in Tehran and ASA FITCH in Dubai   Iran announced Monday that Russia had stopped using an Iranian air base to carry out airstrikes in Syria, amid criticism by the country’s defense minister that Moscow had been highhanded in its public handling of the arrangement.   “It was...

>DUBAI Russia has stopped using an Iranian air base for strikes in Syria, Iran's foreign ministry announced on Monday, bringing an abrupt halt to an unprecedented deployment that was criticized both by the White House and some Iranian lawmakers.Last week long-range Russian Tupolev-22M3 bombers and Sukhoi-34 fighter bombers used...

>LOS ANGELES Hillary Clinton's presidential campaign released additional details on Tuesday about how she would support U.S. small businesses if elected, including establishing a standard tax deduction that has previously only been available to individuals.A standard tax deduction would allow small business owners to easily obtain tax relief...

>Target will focus on its website, Target.com, and offline-online experiences such as order pickup and digital marketing, McNamara said in a blog post on the company's website. (bit.ly/2bxDRYL) "Technology and supply chain are the new battlegrounds for retail," he said. "The retailers with the strongest technology and supply...

>Amazon would like to launch the services in September, but has not finalized deals with major music labels and publishers, Recode reported. (on.recode.net/2bJIM5z) Amazon was preparing to launch a standalone music streaming subscription service at $9.99 per month, in line with major rivals, Reuters reported in June,...

>SINGAPORE Oil prices fell early on Tuesday as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.International Brent crude oil futures were trading at $48.98...

>TOKYO The dollar dipped against the yen early on Tuesday, while the New Zealand dollar rose after the nation's central bank chief said he did not see the need for a rapid succession of interest rate cuts.The dollar shed 0.2 percent to 100.120 JPY= against the safe-haven...

>SYDNEY Asia shares inched ahead while the dollar slipped on Tuesday as a dearth of major data left markets with little to do but second guess whether the Federal Reserve will raise U.S. interest rates this year.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.

>ISTANBUL The boy looked scared and younger than 16 when Iraqi police grabbed him on the street in the northern city of Kirkuk. Pulling off his shirt, they found a two-kilogram bomb strapped to his skinny frame.That was last Sunday. Less than a day earlier, Turkey was less fortunate:...

>WASHINGTON Republican lawmakers called on U.S. Treasury Secretary Jack Lew on Monday to overhaul proposed regulations intended to crack down on American companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion.In separate letters, top Republicans on the Senate Finance...

>UNITED NATIONS The United Nations is ready to deliver aid into Syria's Aleppo, but needs commitments from all parties in the war - not just Russia - to abide by a 48-hour humanitarian truce, the U.N. aid chief, angered by lack of assistance to civilians, said on Monday.Aleppo,...

>MANILA The Philippines has recorded about 1,800 drug-related killings since President Rodrigo Duterte took office seven weeks ago and launched a war on narcotics, far higher than previously believed, according to police figures.Philippine National Police Chief Ronald Dela Rosa told a Senate committee on Monday that 712 drug traffickers...

>WASHINGTON The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. But as the country's central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better...

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Parts of the system were put on display on Sunday in an exhibition held on the occasion of National Defense Industry Day, which fell on August 21 this year.  President Rouhani and Defense Minister Brigadier General Hossein Dehqan attended the exhibition.  Already in April, the defense minister...

RIO DE JANEIRO, Aug. 21 (MNA) – The Iranian sports caravan managed to collect eight medals in 2016 Rio Olympic Games in order to finish 25th in the final standings table.   Having attracted more than 10 thousand athletes, the 31st edition of Summer Olympics was convened from August...

>SEOUL The United States and South Korea kicked off annual military exercises on Monday, prompting warnings of retaliation from the North, as already-heightened tension on the peninsula has been inflamed by the defection of a Pyongyang diplomat.North Korea has become further isolated after a January nuclear test, its fourth,...

> Travel for the month is estimated to be 282.3 billion vehicle miles, the DOT said. Total mileage year to date has risen by 3.3 percent to 1,580.2 billion vehicle miles, the report said. (Reporting by Catherine Ngai; Editing by Chizu Nomiyama)...

> "I'm not flip-flopping. We want to come up with a really fair but firm answer," Trump told Fox News when asked about comments by his campaign manager Kellyanne Conway on Sunday that it was to be determined whether his immigration plan would include a "deportation force" that the candidate...

>Powell, who served as the nation's top diplomat under Republican president George W. Bush, told People magazine that while he did send Clinton a memo about his own email practices, Clinton had already chosen to use personal email rather than a government account while she had the job.Clinton, who...

>Police said on Monday they recovered two drones carrying mobile phones and drugs near London's Pentonville prison and have set up a special task force - Operation Airborne - to catch offenders trying to get contraband into the jail.In the early hours of Saturday, police saw a man acting...

>Wall Street opened lower on Monday as oil prices dropped the most in four weeks and investors weighed the prospects of an interest rate hike in the coming months. Oil prices fell nearly 3 percent as China ramped up exports of refined products, U.S. producers added rigs for an...

>Couche-Tard is offering CST Brands shareholders $48.53 per share in cash, representing a premium of 2.15 percent to the stock's Friday close. The offer represents a premium of 41.9 percent to CST's closing price on March 3, the last trading day before the company said it would...

>The forces, mainly brigades from the city of Misrata, say they are close to capturing Sirte after taking most of the city in a three-month campaign and restricting militants to a shrinking residential area in the city center. Since Aug. 1, they have been supported by U.S. air strikes.

>TOKYO Japan's Renesas Electronics Corp (6723.T) is in the final stages of negotiations to acquire U.S. chipmaker Intersil Corp (ISIL.O) for as much as 300 billion yen ($2.99 billion), an industry source familiar with the deal said on Monday. An agreement on the deal, which would...

>ZURICH A U.S. national security panel has cleared ChemChina's $43 billion takeover of Swiss pesticides and seeds group Syngenta (SYNN.S), the companies said, boosting chances that the largest foreign acquisition ever by a Chinese company will go through. The decision removes significant uncertainty over the takeover of the...

>SEOUL/SINGAPORE Samsung Electronics Co Ltd plans to launch a program to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters.The South Korean technology firm is looking for ways to sustain earnings momentum after reviving its...

>HASAKA, Syria The Kurdish YPG militia launched a major assault on Monday to seize the last government-controlled parts of the northeastern Syrian city of Hasaka after calling on pro-government militias to surrender, Kurdish forces and residents said.They said Kurdish forces began the offensive after midnight to take the southeastern...

>NEW YORK Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down.U.S. banks have trimmed the number of branches by 6 percent since it peaked in 2009, according to...