News Archive - 23 August 2015

>British Foreign Secretary Philip Hammond attended a ceremony at the opulent 19th century building in the Iranian capital where attackers in 2011 burned Britain's national flag, slashed portraits of British monarchs and stole goods.Iran's Foreign Minister Javad Zarif, asked if Tehran would now countenance a restoration of the US...

>SEOUL South Korean President Park Geun-hye talked tough on Monday, demanding that North Korea apologize over a recent landmine incident, even as the bitter rivals held marathon negotiations in a bid to defuse tensions that have brought the peninsula to the brink of armed conflict.Park said anti-North propaganda broadcasts...

>SINGAPORE Commodities markets tumbled in Asia on Monday as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.Chinese stock indices like the CSI300 .CSI300 and the Shanghai Composite Index .SSEC fell on Monday, dragging on...

>TOKYO Prime Minister Shinzo Abe said it was acceptable for the Bank of Japan to miss its self-imposed deadline for to meet its inflation target, suggesting that the government was in no mood now to pressure the central bank to expand monetary stimulus.Consumer inflation has ground to a halt...

>China's major stock indexes tumbled more than 8 percent on Monday morning, with traders saying disappointment over the lack of widely expected monetary policy easing measures over the weekend triggered a fresh sell-off.The market had expected that the central bank would cut banks' requirement reserve ratios (RRR) to counter...

>NEW YORK The steep and accelerating selloff that pushed the benchmark Standard & Poor's 500 index into its worst week in almost four years may say more about the outlook for emerging markets than the U.S. companies in the S&P, fund managers and analysts say.China's economic slowdown, recessions...

>SHANGHAI China major stock indexes collapsed on Monday morning, with traders saying market disappointment over the lack of a liquidity move by the central bank during the weekend triggered a fresh selloff.Main indexes tumbled more than 11 percent last week as investors began to worry that the central government...

>TOKYO Asian stocks slumped to 3-year lows on Monday as a slump in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown churned world markets.A 2.6 percent fall in S&P 500 mini futures ESc1 to a 10-month trough during...

>Clinton is the frontrunner in the field of Democratic presidential candidates, supported by 48.5 percent of Democrats polled in a new Reuters/Ipsos poll released Friday.Richardson, who served as energy secretary and U.S. ambassador to the United Nations under Clinton's husband, former President Bill Clinton, told ABC's "This...

>WASHINGTON Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.In a telephone interview on CBS's "Face the Nation," Trump vowed to reform the tax laws if elected...

>WASHINGTON More prominent Democrats on Sunday cracked open the door for Vice President Joe Biden to enter the race for the Democratic presidential nomination as party front-runner Hillary Clinton battled questions over her use of a private email server.California Governor Jerry Brown told NBC's Meet the Press program that...

>BERLIN, August 23 One of Europe's biggest start-ups, Germany's Delivery Hero, the online food takeaway service, has ruled out a stock market listing for this year but could be ready by next year, its chief executive said in an interview."At the moment, there are other things which we want...

>TOKYO Japan's Sharp Corp is in talks with Taiwan's Hon Hai Precision Industry Co for a tie-up in its struggling flat-panel display business, according to two sources familiar with the discussion. Under the proposed plan, Sharp would spin of the display business into a separate unit ahead of investment from...

>Bas Burger, president of the British provider's Americas operation, told the Financial Times a lack of regulation has hampered competition in the United States, where AT&T Inc (T.N) and Verizon Communications Inc (VZ.N) control some 80 percent of the telephone and broadband lines used by homes and businesses.

>BEIRUT Protests against the Lebanese government turned violent for a second day on Sunday, and Prime Minister Tammam Salam threatened to resign as public discontent brought thousands into the streets.Anger at the Salam-led unity cabinet grouping Lebanon's fractious politicians has come to a head in recent weeks over its...

>PARIS/ALGECIRAS, Spain A gunman who attacked passengers on a high-speed train in France two days ago is "dumbfounded" at having been taken for an Islamist militant and says he only intended to rob people on board because he was hungry, his lawyer said on Sunday.As details emerged of the...

>Spain has recovered from a deep recession and the economy is growing at one of the fastest rates in the euro zone, expanding by 0.9 percent quarter-on-quarter in the first three months of 2015, and by 1 percent in the second quarter. Minister Luis de Guindos was quoted as...

>RIYADH/KHOBAR, Saudi Arabia Saudi Arabian entrepreneur Essam al-Zamel has overcome many obstacles to found a string of technology companies in the past decade, but he thinks sliding oil prices will be hard to handle."A black economic cloud is covering the skies of Saudi Arabia," Zamel tweeted last week, warning...

>Algeria said earlier this month that the Organization of Petroleum Exporting Countries could hold an emergency meeting to discuss the drop in oil prices but other OPEC delegates said no meeting was planned."Iran endorses an emergency OPEC meeting and would not disagree with it," Zanganeh told reporters in Tehran,...

>MADRID Markets will be watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth.A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are...