News Archive - 2 September 2015

>WASHINGTON U.S. President Barack Obama scored a major foreign policy victory on Wednesday by securing enough Senate votes to protect the Iran nuclear deal in Congress, but Republicans pledged to keep up their fight against the pact with new sanctions on Tehran.Democratic Senator Barbara Mikulski said she would...

>The expected allocation is the first for a plan that has been talked about since the early 2000s, when a deal with the United States for eight diesel-electric submarines got bogged down because of technical and political constraints.The spending was set out in the defense ministry's budget for 2016...

>BEIJING President Xi Jinping announced on Thursday he would cut troop levels by 300,000 as China held its biggest display of military might in a parade to commemorate victory over Japan in World War Two, an event shunned by most Western leaders.China's confidence in its armed forces and growing...

>The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted 53.7 from 51.2 in July to reach the highest since October 2013.The index remained above the 50 threshold that separates expansion from contraction for the fifth consecutive month.The index for business expectations rose...

>SINGAPORE Oil fell on Thursday on an unexpected build in U.S. crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2 percent gain overnight helped support prices. Asian investors were focused on the increase in U.S. crude inventories last...

>Lannett Co Inc (LCI.N) said it would buy Kremers Urban Pharmaceuticals Inc, a U.S. unit of Belgian drugmaker UCB SA (UCB.BR), for $1.23 billion to expand its specialty generic drugs portfolio.Lannett's shares jumped about 17 percent in extended trading on Wednesday. There have been several...

>The European Commission said the transaction would not grant Shell market power in oil and gas exploration, the liquefaction of gas and the wholesale supply of liquefied natural gas.The takeover, which will see Shell become the world's top liquefied natural gas (LNG) producer and a major deepwater oil player,...

>Hewlett-Packard Co (HPQ.N) is exploring a sale of computer network security solutions unit TippingPoint ahead of a corporate split later this year, according to people familiar with the matter.Private equity firms have expressed interest in TippingPoint, the people said this week. The unit could be valued at between...

>NEW YORK "Here's my personal email," Hillary Clinton wrote to U.S. special envoy George Mitchell on a summer Sunday in 2010 as he telephoned one European official after another in an effort to keep peace talks between the Israelis and the Palestinians on track."Pls use this for reply,"...

>MANCHESTER, N.H. Republican Jeb Bush’s new campaign ad ridiculing Donald Trump as a “germophobe” and Democrat-in-disguise is just the start of what will be a bigger onslaught, signaling a more aggressive stance by the candidate, Bush advisers said on Wednesday.Some confidants of the former Florida governor have been...

>Massenet, regarded as the fashion visionary of the soon-to-be-merged business, was to become its executive chairman and oversee its editorial content, one of NAP's main strengths.In a statement Yoox said that Massenet would not be a member of the merged group's board.Industry insiders said the writing was on...

>NEWARK, N.J. A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday.Arkadiy Dubovoy, who spoke Russian and used an interpreter, entered his plea to securities fraud, wire...

>The plaintiffs' have until Oct. 19 to submit a motion for preliminary approval of the proposed settlement case, according to a court filing. No additional details on the settlement were made public.The news was first reported by Hollywood and media news website deadline.com.In June, a U.S.

>WASHINGTON Five Chinese Navy ships are sailing in international waters in the Bering Sea off Alaska, the Pentagon said on Wednesday, in an apparent first for China's military that came as U.S. President Barack Obama toured the U.S. state.Pentagon spokesman Captain Jeff Davis said it was the...

>BEIJING China will put on its biggest display of military might on Thursday in a parade to commemorate victory over Japan in World War Two, an event shunned by Western leaders but which underscores Beijing's growing confidence in its armed forces.More than 12,000 troops, mostly Chinese but with contingents...

>CALAIS, France/BUDAPEST Hundreds of migrants poured overnight onto the high-speed railway linking Paris with London near the French port of Calais, stranding passengers in darkness aboard Eurostar trains.Thousands of miles away, the bodies of other migrants washed up on a Turkish beach. Photos of a drowned toddler face down...

>WASHINGTON U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.The ADP National Employment Report on Wednesday showed private payrolls...

>TOKYO The dollar climbed against the euro and yen on Thursday as global investors tentatively stepped back into riskier equities, tempering the recent rush to unwind carry trades that had boosted the single currency and the Japanese unit. The dollar was up 0.3 percent at 120.655 yen JPY=,...

>Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve's impending decision about when to raise interest rates.U.S. investors have weathered over two weeks of unusually...

>WASHINGTON U.S. labor markets were tight enough to fuel small wage gains in some professions in recent weeks, though some companies already were feeling a chill from an economic slowdown in China, the Federal Reserve said on Wednesday. Overall, U.S. economic activity continued to expand across most regions...

>NEW YORK Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create "self-inflicted" instability.In his September...

>TOKYO The price of shares and other risk assets staged a tentative recovery in early Asian trade on Thursday though volatility remained high as investors fretted over global economic health.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent, hovering about 2.8 percent above the...