News Archive - 20 September 2015

>HAVANA Pope Francis met Cuba's revolutionary leader Fidel Castro on Sunday, hours after warning Cubans to beware the dangers of ideology and the lure of selfishness as their country enters a new era of closer ties with the United States.Latin America's first pope and Castro, the region's last surviving...

>The People's Bank of China set the midpoint rate CNY=SAEC at 6.3676 per dollar prior to the market open, 0.11 percent weaker than the previous fix of 6.3607. In the spot market, yuan CNY=CFXS opened at 6.3670 per dollar and was changing hands at 6.3690...

>There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp (ABX.TO) wants to sell, a senior Barrick executive said on Sunday, adding that he expects a deal to close before year end. The interest has been largely from North American-based miners,...

>But Rouhani told CBS' "60 Minutes" program that despite the nuclear agreement, "the distance, the disagreements, the lack of trust, will not go away soon."The United States and Iran have been at odds since Iran's 1979 Islamic revolution. Deep differences remain over Middle East conflicts, as well as what...

>SYDNEY The dollar started Monday trade on a firm footing, having recovered recent losses as major central banks were quick to burnish their dovish credentials after the Federal Reserve last week delayed a long-anticipated hike in U.S. interest rates.Further lifting the mood of dollar bulls were comments from...

>SINGAPORE Oil prices edged up in early trading in Asia on Monday as U.S. drilling slowed and analysts estimated that $1.5 trillion worth of planned American production was uneconomical at prices of $50 per barrel or lower.Crude oil prices have plunged almost 60 percent since June 2014,...

>SINGAPORE Asian shares followed Wall Street lower on Monday after the Federal Reserve's decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1 percent, with Australia AXJO down 2.3 percent and...

>Palo Alto Networks said the XcodeGhost malware infected several popular Apple iOS apps, including Tencent Holdings Ltd’s mobile chat app WeChat, car-hailing app Didi Kuaidi, and a music app from Internet portal NetEase Inc.The Wall Street Journal said in an article on Sunday that the applications were infected after software developers were...

>Rising wages in China and the cost of importing heavy components like electric car batteries into Europe may lead established car makers to introduce more highly efficient automated manufacturing closer to home, Walker told Reuters in an interview at the Frankfurt auto show."If you have a high labor, easy-to-ship...

>DALIAN, China In a cavernous showroom on the outskirts of this port city in northeastern China, softly whirring lathes and svelte robot arms represent Dalian Machine Tools Group's (DMTG) vision of an automated future for Chinese manufacturing.On closer inspection, however, most of the machines' control panels bear the logos...

>Deutsche Wohnen is offering 33 of its shares for every 10 shares in LEG, it said, adding that this equaled a premium of about 13 percent over the closing price of LEG prior to the announcement.The combined group will have a portfolio worth about 17 billion euros and the...

>BERLIN The United States will take in 15,000 more refugees from around the world next year, increasing the current level to 85,000, and to 100,000 in 2017, U.S. Secretary of State John Kerry said after talks with his German counterpart on Sunday.The remarks may show an increasing willingness of...

>WASHINGTON Republican presidential candidate Ben Carson on Sunday said Muslims were unfit to be president of the United States, arguing their faith was inconsistent with American principles."I would not advocate that we put a Muslim in charge of this nation. I absolutely would not agree with that," Carson told...

>Williams said the U.S. job market was nearly at full strength but increased concern over the global economy and financial system led policymakers on Thursday to hold off on interest rate hikes. "In my mind it was a close call," he told Fox Sunday Morning Futures. (Reporting by Jason...

>Former Hewlett-Packard chief executive Carly Fiorina, considered to have performed well in a CNN-sponsored debate of Republican candidates on Wednesday, shot up to second place with 15 percent from only 3 percent in early September, the poll showed. The poll was conducted among 1,006 Americans from Sept. 17 to 19,...

>Dialog said on Sunday Atmel shareholders would receive $4.65 in cash and 0.112 of a Dialog Semiconductor American Depository Share for each Atmel common share, equivalent to $10.42 per Atmel share based on Dialog's closing price as of Sept. 18.On Friday, shares in Dialog closed at...

>BRUSSELS Bitterly divided European leaders will seek to find a credible response to the worst migration crisis affecting the continent since World War Two, which has tarnished its image as a beacon of peace, at an emergency summit next week.European Council President Donald Tusk, who chairs EU summits, on...

>FRANKFURT/HAMBURG Volkswagen (VOWG_p.DE) has ordered an external investigation after U.S. regulators found software the carmaker designed for diesel cars gave false emissions data, its CEO said on Sunday, adding he was "deeply sorry" for the violation of U.S. rules."I personally am deeply sorry that we have...

>ATHENS Greek leftist Alexis Tsipras stormed back into office with an unexpectedly decisive election victory on Sunday, claiming a clear mandate to steer Greece's battered economy to recovery.The vote ensured Europe's most outspoken leftist leader would remain Greece's dominant political figure, despite having been abandoned by party radicals last...

>HAVANA Pope Francis celebrates Mass with tens of thousands of Cubans on Sunday in Havana's Revolution Square, the political heart of Cuba where the Communist government stages its biggest rallies.The huge plaza is where Cubans celebrate May Day beneath massive portraits of revolutionary leaders Ernesto "Che" Guevara and Camilo...

>BEIJING British Chancellor of the Exchequer George Osborne expressed his confidence in the slowing Chinese economy on Sunday, saying the country was going through a necessary transformation and was still a driver of global growth.A string of downbeat activity data combined with wild price swings in the stock markets...

>BEIJING Chinese President Xi Jinping's attendance at the funeral earlier this year of a one-time propaganda minister was a surprise; Deng Liqun, who died aged 99, was never a top-ranked official and had been a political enemy of Xi's father.Xi's presence, sources said, was in fact part of a...