News Archive - 18 July 2015
Iran leader withholds verdict on nuclear deal, vows anti-U.S. policies
>In an address marking the end of the Muslim holy month of Ramadan, Khamenei said he wanted politicians to examine the agreement to ensure national interests were preserved, as Iran would not allow the disruption of its revolutionary principles or defensive abilities. "Whether the (nuclear) deal is approved or disapproved,...
Indonesian infrastructure promises derailed by bureaucrats
>JAKARTA Investors hoping for President Joko Widodo to speed work on Indonesia's infrastructure projects have been disappointed, with a plan for a $2-billion airport railway line in the capital spotlighting the delays and bureaucratic infighting involved.Nearly half the 10 projects to which Widodo gave priority when he took office...
Manage, meddle or magnify? China's corporate debt threat
>HONG KONG Beijing may have averted a crisis in its stock markets with heavy-handed intervention, but the world's biggest corporate debt pile - $16.1 trillion and rising - is a much greater threat to its slowing economy and will not be so easily managed.Corporate China's debts, at 160...
More than half of Germans think planned Greek deal is bad: poll
>Lawmakers in Germany, the biggest contributor to euro zone bailouts, on Friday gave their go-ahead for the currency bloc to negotiate a third bailout for Greece that could total 86 billion euros ($93 billion) over three years.In the YouGov survey seen by German newspaper Welt am Sonntag, 56 percent...
Intensified shelling in east Ukraine kills four civilians, soldier
>DONETSK, Ukraine Ukraine and pro-Russian rebels accused each other on Saturday of shelling residential areas despite a ceasefire, reporting four civilians and one soldier killed following a week of the deadliest fighting in over a month.Separatists said one man was killed by shelling from Ukrainian forces in central Donetsk.
Trump dismisses McCain's war record, draws rebukes from fellow Republicans
>AMES, Iowa Republican presidential contender Donald Trump questioned Senator John McCain's war record on Saturday, telling a gathering of religious conservatives in Iowa that the former prisoner in North Vietnam was only considered a war hero because he was captured.The real estate mogul, who has been feuding with the...
White house condemns Islamic State attack in Iraq
>"The United States remains steadfast in its commitment to work with Prime Minister (Haider) al-Abadi and our partners in Iraq and the international community to bring an end to ISIL's depravity," said White House National Security Council spokesman Ned Price, in a statement. (Reporting by Roberta Rampton; Editing by Sandra Maler)...
Islamic State claims attack that kills five members of Egypt's security forces
>The deaths occurred when several mortar rounds hit two checkpoints, security sources said earlier. North Sinai is the epicenter of an insurgency waged by militants who support Islamic State, the ultra-hardline Sunni group which controls large parts of Iraq and Syria and has a presence in Egypt's neighbor Libya.Egypt's...
German finance ministry dismisses speculation Schaeuble to resign
>Germany's Der Spiegel printed an interview with 72-year-old Schaeuble in which he said he could always ask the president to relieve him of his duties in response to a question about whether problems could arise if the chancellor and finance minister had divergent opinions on financial support for Greece.Some...
China must learn lessons from stock market rout: vice finance minister
>LONDON China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.China's stock market plunged by nearly a third at...
Russia's Putin orders formation of new military reserve force
>The new reserve force has been discussed for several years and was first ordered by Putin in 2012 shortly after his re-election as President. The latest decree was published late on Friday.It will be distinct from Russia's existing military reserves because the part-time personnel will be paid a monthly...
Altice denies interest in Carlos Slim's KPN stake: newspaper
>Dexter Goei made the comments after America Movil said in its half-year results on Friday that its stake in the Dutch fixed-line and mobile operator was up for sale."We're not interested," Goei told De Telegraaf newspaper. "We are very focused on the integration of (France's) SFT and Portugal Telecom...
Greek banks to re-open Monday as Tsipras eyes new start
>ATHENS New ministers in Greek Prime Minister Alexis Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet and began a new phase of negotiations for a third bailout package.Tsipras sacked hardline former Energy Minister Panagiotis Lafazanis and two deputy ministers on Friday in...
Anti-Houthi forces advance in Yemen amid heavy Arab air strikes
>The advances come a day after Yemen's government in exile declared the key southern city of Aden "liberated," in their biggest victory yet in a Saudi-led air campaign and civil war that has raged almost four months and killed more than 3,500 people.Saudi-backed Yemeni forces backed up by air...
China's Xi says state industry the backbone of economy amid reforms
>The government must have confidence in the state-owned enterprise (SOE) system, Xi said on a trip to the northeastern province of Jilin, adding that reform also meant following the rules of the market economy to enable SOEs to become more competitive and contend with risk, according to an online report...
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