News Archive - 14 October 2015

>Parliament on Tuesday approved the bill with a strong majority, in a victory for President Hassan Rouhani's government over conservative opponents of the July 14 deal, known as the Joint Comprehensive Plan of Action.The Guardian Council, made up of six Muslim clerics appointed by the Supreme Leader and six...

>Chief of Naval Operations John Richardson, who was promoted to his post last month, made the remarks at a press roundtable in Tokyo at the start of a trip around Asia.China claims most of the South China Sea and has warned that it would not stand for violations of...

>SYDNEY An Australian regulator raised antitrust concerns over a planned $6.5 billion takeover by Canada's Brookfield Asset Management (BAMa.TO) of freight firm Asciano Ltd (AIO.AX), potentially jeopardizing the country's biggest inbound deal in four years.The proposed deal, which would be the largest-ever purchase of an Australian...

>Admiral Sun Jianguo, deputy chief of staff of the People's Liberation Army, told Iranian Defence Minister Hossein Dehghan that China paid great attention to developing relations with Iran, China's Defence Ministry said."The aim of this delegation's visit is to further promote friendship, deepen cooperation and exchange views with Iran...

>A Fed hike would have a bigger impact because emerging markets, particularly China, are now integrated in the global economy to an unprecedented degree, countries are more interlinked in production, cross-border capital flows have increased, and forward guidance has become a crucial monetary policy instrument, Constancio said on Thursday."The...

>SEOUL Crude oil futures extended their losses on Thursday after notching up declines every day so far this week, hit by growing U.S. stockpiles and an expanding global glut.U.S. crude CLc1 had fallen 25 cents, or 0.54 percent, to $46.39 a barrel as of 0130...

>SAN FRANCISCO Mobile payments company Square Inc filed for its long-expected initial public offering on Wednesday in a test of Chief Executive Officer Jack Dorsey's ability to take the company public as he grapples with a turnaround at Twitter Inc.Square's filing on Wednesday comes little more than a week...

>TOKYO Japanese manufacturers' confidence worsened for the second straight month and is expected to fade going forward, a Reuters poll showed, adding to lingering fears of a recession and keeping policymakers under pressure to deploy fresh stimulus.Service-sector sentiment bounced from the prior month's fall but is seen worsening again...

>TOKYO The dollar wallowed around seven-week lows against a basket of currencies in Asian trading on Thursday, after weak U.S. sales data prompted investors to scale back bets that the U.S. Federal Reserve would hike interest rates by the end of 2015. The dollar index .DXY was last...

>Clinton, who announced her opposition to the deal last week, said at a campaign event on Wednesday that she had hoped the agreement would have "enforceable provisions" related to currency manipulation. "I give President Obama and his team a great deal of credit for taking on this complicated negotiation. At...

>WASHINGTON Lockheed Martin Corp's (LMT.N) $9 billion purchase of Sikorsky Aircraft from United Technologies Corp (UTX.N) could close by late October or early November, well before the initial year-end target, three sources familiar with the matter said on Wednesday.Lockheed announced last month that officials in the United...

>PALO ALTO, Calif. Newer Tesla Motors Model S sedans will be able to steer and park themselves under certain conditions starting Thursday, the carmaker said, although Chief Executive Officer Elon Musk cautioned that drivers should keep holding the steering wheel.New "autopilot" features, designed for cars built after September 2014,...

>Coca-Cola was competing against PepsiCo Inc (PEP.N) to invest in Chobani, a deal that Chobani hopes could value it at as much $3 billion, including debt, Reuters reported on Monday, citing sources.The source asked not to be identified because the matter is not public. Coca-Cola and Chobani declined...

>The Democratic presidential candidates prime-time debate on CNN attracted a record 15.3 million viewers but the audience fell shy of those for recent Republican debates, the network said on Wednesday. The figure, based on Nielsen data, was smaller than the 24 million and the 22.9 million viewers who...

>Intel Corp's move to cut growth forecast for its highly profitable business that makes chips used in data centers may have disappointed investors, but analysts see the unit rebounding next year as more users take to cloud services.Expanding the business is critical to Intel's efforts to reducing its dependence...

>NEW YORK Apple's potential damages in a patent fight with the University of Wisconsin's licensing body could reach $400 million as a trial on the amount Apple owes for infringing a processor patent got under way on Wednesday, two people familiar with the case said. The figure is less than...

>WASHINGTON The U.S. and Russian militaries are finalizing a memorandum of understanding that sets out basic air safety procedures in the skies above Syria, a U.S. official said after the latest round of talks between the former Cold War foes on Wednesday.Russia's entry into Syria's civil war...

>Wednesday.Overall, U.S. economic activity continued to expand modestly from mid-August through early October, the Fed said in its Beige Book report of anecdotal information on business activity collected from contacts nationwide.The U.S. central bank said manufacturing conditions were "generally sluggish" with the slowdown in China taking...

>TOKYO Asian shares rose on Thursday and the dollar struggled near multi-week lows after weak U.S. economic data added to expectations that the Federal Reserve will delay hiking interest rates.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent. The index fell the previous day...

>Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming a transition to chip-based cards for the miss.Shares of Netflix, known for its original shows such as "House of Cards" and "Orange is the New Black", plunged about 15 percent after the bell,...

>The European Commission said it did not see any competition issues from the deal, confirming a Reuters report last week."Our decision demonstrates that relevant deals can be swiftly approved if they raise no competition concern," European Competition Commissioner Margrethe Vestager said in a statement. Intel wants to boost its...

>Brookshire Grocery Company is exploring a sale that could value the family-owned operator of supermarket stores in Texas, Louisiana and Arkansas at as much as $1 billion, including debt, according to people familiar with the matter.The move underscores a trend toward consolidation in the fragmented U.S. supermarket sector,...

>WASHINGTON Conservative U.S. Supreme Court justices on Wednesday expressed doubt about whether the Obama administration had the authority to issue a regulation aimed at encouraging efficiency in the electricity market by having electrical grid operators pay users to reduce consumption at peak times.The court heard oral arguments in...

>Peter Thiel, the Silicon Valley investor who co-founded PayPal and invested in Facebook in 2004, has now invested in BuildZoom, a Y Combinator-backed startup that helps U.S. customers find contractors for remodeling projects.BuildZoom said on Wednesday it raised $10.6 million in a Series A funding round led...

>Twitter Inc (TWTR.N) appointed former Google executive Omid Kordestani as its executive chairman, holding good on a promise to appoint an outsider to work alongside co-founder Jack Dorsey in his second stint as CEO.Twitter's shares rose in early trading after Dorsey tweeted the appointment, but were down 1.

>LONDON The dark clouds of a slowing global economy and weak corporate earnings are gathering again over world stock markets, but rock-bottom bond yields leave few attractive alternatives and may sustain investment flows into equities.After one of the worst quarters for global equities in four years and the lowest...

>This was a slower rate from the regional Fed bank's prior estimate of 1.0 percent last Friday, the Atlanta Fed said on its website. The regional Fed's model now see consumer spending growing at 3.2 percent in the third quarter from an earlier estimate of a 3.6...

>Wells Fargo & Co (WFC.N), the biggest U.S. residential mortgage lender, reported a rise in quarterly profit for the first time in three quarters on Wednesday, helped by its purchase of commercial loans from General Electric Co (GE.N).The San Francisco lender has been using its hefty...

>WASHINGTON U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year.The weak reports on Wednesday were the latest suggestion that the economy was losing momentum in the...

>The Dow Jones industrial average retreated sharply on Wednesday as Wal-Mart's weak forecast spooked investors, wiping more than $20 billion off the retailer's market value.The S&P 500 fluctuated following mixed bank results and disappointing economic data from the United States and China."The major theme, not only today but...

>SYDNEY Australia's Treasury Wine Estates (TWE.AX), the world's top standalone winemaker, will buy most of Diageo Plc's (DGE.L) U.S. and British wine unit for $552 million, making a second tilt at the U.S. market after its disastrous retreat two years ago.The deal is the brainchild...

>Visant is owned by investment funds including those managed by investment firm KKR, aPriori Capital Partners and others.Jostens, founded in 1897, makes products such as yearbooks, class rings, diplomas and varsity jackets, and generates annual revenue of about $740 million. This is Jarden's second large acquisition this year. It...

>The Transwheel Delivery Drone is a sensor-packed motorized unicycle that Shikar says could be an earthbound alternative to Amazon's futuristic plans to use drone multicopters to deliver packages to your front door.With a package held on its 'head' by two robotic arms, the Transwheel delivery robot - still largely...

>Samsung said the Z3 will go on sale in India on Oct. 21 for 8,490 Indian rupees ($130.59). While this is more expensive than the 5,700 rupees launch price for its predecessor, the Z1, the new phone offers better hardware including a faster processor, a higher quality screen and...

>JERUSALEM Israel started setting up roadblocks in Palestinian neighborhoods in East Jerusalem and deploying soldiers in cities across the country on Wednesday to try to combat the worst surge of violence in months.Palestinian officials condemned the security measures - the most serious clampdown in the Jerusalem area since a...

>BEIRUT Islamic State militants battled rival insurgent groups on Wednesday north of the city of Aleppo, where officials say the Syrian army is preparing an offensive of its own backed by Iranian soldiers and Russian jets.A rebel fighter and a group monitoring the war said Islamic State fighters took...

>Non-interest expenses fell 31 percent to $13.81 billion in the third quarter, mainly due to an 83 percent drop in expenses in the bank's legacy assets and servicing unit, which houses many of the bad loans inherited from Countrywide Financial.Excluding litigation costs, expenses fell 4 percent as the...

>BRUSSELS The European Commission launched a new trade policy on Wednesday designed to connect more with a skeptical public and to conclude more free trade agreements, notably reviving talks with the United States.The strategy to make trade policy more effective and transparent and rooted in values such as sustainable...

>U.S. stock index futures fell slightly on Wednesday as fresh economic data from China caused a selloff in commodities and investors awaited a raft of earnings reports.* Consumer inflation in China rose 1.6 percent in September, less than the 1.8 percent expected, feeding worries of sluggish...

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