News Archive - 16 January 2016
Iran says international sanctions to be lifted on Saturday
>VIENNA - International sanctions on Iran will be lifted on Saturday when the United Nations nuclear agency declares Tehran has complied with an agreement to scale back its nuclear program, Iran's foreign minister said."Implementation day" of the nuclear deal agreed last year marks the biggest re-entry of a former...
Banks give back China investment quotas as clients bypass the middlemen
>HONG KONG Global banks have started to hand back investment quotas used to buy Chinese stocks and bonds because alternative channels for investment in China and the sliding yuan are making this once lucrative business unprofitable. While China's move to open up its capital markets and allow its currency to...
Growing feud: Trump, Cruz escalate attacks on each other
>MYRTLE BEACH, S.C. The growing feud between Republican front-runner Donald Trump and his central rival Ted Cruz intensified on Saturday with tit-for-tat attacks that put to rest any notion that their debate night fight was a solitary engagement.The split between the two is evidence of the closeness of...
Obama unveils wage insurance plan to spur job seekers
>WASHINGTON U.S. President Barack Obama on Saturday laid out a plan to help support the income of workers who lose their jobs and end up in lower paying positions, as part of a push to get unemployed Americans back to work.The proposal would offer experienced workers who now...
Exclusive: In negotiating to free Americans in Iran, U.S. blinked on new sanctions
>VIENNA/WASHINGTON The day before the Obama administration was due to slap new sanctions on Iran late last month, Iranian Foreign Minister Javad Zarif warned U.S. Secretary of State John Kerry the move could derail a prisoner deal the two sides had been negotiating in secret for months.Kerry and...
For better or worse, Bill Clinton not a big factor among U.S. voters: poll
>NEW YORK/MANCHESTER, N.H. Bill Clinton may not be the “secret weapon” that Hillary Clinton needs in the U.S. presidential race. And the former Democratic president may not become the albatross that Republican candidate Donald Trump expects, either.Bill Clinton simply is not wielding that kind of influence –...
China securities regulator pledges to strengthen oversight amid 'abnormal' volatility
>"The abnormal stock market volatility has revealed an immature market, inexperienced investors, an imperfect trading system and inappropriate supervision mechanisms," Xiao Gang said in an annual meeting. His remarks were published on the CSRC website.Xiao said the stock market rout has highlighted the problems facing CSRC's regulatory mechanisms, adding...
China's economy grew by around 7 percent in 2015, services made up half of GDP - Premier
>The premier also said that employment had expanded more than expected with 900 million people making up the country's total workforce, including 150 million skilled professionals.Consumption contributed nearly 60 percent of growth, Li said, at the opening ceremony for the China-backed Asian Infrastructure Investment Bank (AIIB) in Beijing. China's...
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