News Archive - 24 May 2015

>"Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems unlikely that the OPEC production ceiling will change," Zanganeh was quoted as saying.Last month, Zanganeh said the producing group should cut its target daily crude production by at least 5 percent, or approximately 1.5...

>WANG KELIAN, Malaysia Malaysia's police chief said on Monday that 139 graves believed to contain the remains of migrants were found near the country's border with Thailand, and that some graves contained more than one body.The graves were found at 28 suspected human trafficking camps located around 500 metres...

>The latest initiative is part of Goldman's 2012 plan to channel investments totaling $40 billion into renewable energy projects over the next decade.The Japan Renewable Project Bond Trust product will provide a structure to give institutional investors the chance to invest in investment grade-rated securitized renewable energy bonds. It...

>TOKYO The dollar hovered at a two-month high versus the yen and stood firm against other peers after surging on a higher-than-expected U.S. core consumer price index that supported the Federal Reserve's case for a rate hike later this year.Data on Friday showed the core U.S. CPI...

>SINGAPORE Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season.Front-month Brent crude prices were up 6 cents at $65.43 per barrel at 0045 GMT. U.S. crude prices were also up 6 cents at $59.78 a...

>TOKYO Asian shares got off to a lackluster start on Monday, after rising inflation and a hawkish tone from the U.S. Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates.Activity was likely to be thin this session, as UK and U.S.

>"I am looking for somebody willing to share with me the future financing needs of 'my' Milan that I don't plan to abandon," Berlusconi said in an interview on state broadcaster RAI's tv show Che Tempo Che Fa.Berlusconi said that one family alone was not able to meet the...

>MUMBAI A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.A 12.6 percent growth rate in lending in the fiscal year that ended on March 31...

>SHANGHAI/HONG KONG When Chinese flight booking operator Baitour needed cash to grow its business last year, it opted against using Industrial and Commercial Bank of China, its long-term lender and the world's largest bank, turning instead to Internet finance startup Jimu Box.For Baitour, getting funds via Jimu Box, a...

>NEW YORK U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.Fed Chair Janet Yellen...

>PUTIAN, China Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.In the coastal city of Putian, in Fujian province, Alibaba is working...

>BEIRUT Hezbollah is fighting across all of Syria alongside the army of President Bashar al-Assad and is willing to increase its presence there when needed, the leader of the Lebanese Shi'ite movement said on Sunday.Sayyed Hassan Nasrallah told thousands of supporters via video link that the fight was part...

>Dozens of Syrian troops, who had been holed up since April in the Jisr al-Shughour hospital in Idlib province, were freed on Friday. (Reporting by Mariam Karouny; editing by David Clarke)...

>OKLAHOMA CITY, Okla. U.S. Republicans have had to watch from the sidelines as the Obama White House has taken political credit for America's unexpected energy boom and tumbling gas prices. Now it has left their presidential candidates scrambling for a way to reclaim leadership on an issue the party...

>PAJU, South Korea A group of international women activists crossed the heavily-fortified Demilitarised Zone (DMZ) between North and South Korea on Sunday in what they said was a symbolic act for peace.North and South Korea are still technically at war after the 1950-53 Korean War ended in a truce,...

>A police major and a pro-government Sunni tribal fighter in the area said they had retaken the town of Husaiba al-Sharqiya, about 10 km east of Ramadi, with the help of Shi'ite paramilitaries. (Reporting by Baghdad Bureau; writing by Isabel Coles; editing by David Clarke)...

>The Haradh border crossing, the largest for passengers and goods between the world's top oil exporter, Saudi Arabia, and its impoverished neighbor, was evacuated amid shelling which razed its departure lounge and passport section, witnesses said.Residents of several Yemeni villages in the area left their homes and fled from...

>LONDON Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.High on their agenda -- even if unofficially -- will be Greece and how it can stay in the troubled...

>"The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to be given," Nikos Voutsis told Greek Mega TV's weekend show.Shut out of bond markets and with bailout aid locked, Athens has been...