News Archive - 28 February 2016

>"I thank Iran's wise and determined nation ... and I hope the next parliament will act responsibly towards people and God," Khamenei said in a statement. He made no direct comment on the result of the vote for the 290-seat parliament and the 88-seat experts assembly, which is tasked with choosing...

>The embattled Japanese display maker issued the statement in response to a weekend report in the Nikkei business daily that it was aiming to seal an agreement with Foxconn, formally known as Hon Hai Precision Industry Co (2317.TW), on March 7. A person familiar with the matter has told...

>North Korea has a long history of detaining foreigners, and has used detained U.S. citizens in the past to extract high-profile visits from the United States, with which it has no formal diplomatic relations.Otto Warmbier, 21, a student at the University of Virginia, was detained before boarding his...

>TOKYO/SYDNEY The dollar took a breather against the yen on Monday following a steep climb on upbeat U.S. data, while reaction to a weekend meeting of G20 policymakers was muted as the outcome produced no major surprises.The dollar was down 0.4 percent at 113.53 yen JPY=...

>NEW YORK Valeant Pharmaceuticals International (VRX.TO) said on Sunday that Chief Executive Officer Michael Pearson would return from medical leave effective immediately, and it postponed the release of fourth-quarter results planned for Monday.Valeant was under pressure for its drug price increases when it said in late December that...

>SINGAPORE Crude futures rose in early trading on Monday after gaining over 15 percent last week, with some indicators pointing to the possibility the market could be bottoming out.International Brent futures LCOc1 had climbed around half a dollar, or 1.35 percent, from their last close to $35.57...

>FRANKFURT Chinese power and electrical group Shanghai Electric (601727.SS) has agreed to buy at least a quarter of German technology group Manz (M5ZG.DE) in a deal that could lead to a full takeover offer, Manz said on Sunday.The acquisition, the latest in a recent string of Chinese...

>The bank expects to update the market on plans for its African business at its 2015 full-year results announcement, due on Tuesday, Barclays said late on Sunday.The move follows a report by the Financial Times on Friday that the bank's chief executive, Jess Staley, had decided to shut operations...

>TOKYO Japan's industrial output rose the most in a year in January, tentatively signaling a pick up in factory activity, but the outlook remains far from assured given global market jitters and weakening demand both at home and abroad. The 3.7 percent month-on-month gain compared with economists' median estimate...

>TOKYO Asian stocks were off to a cautious start on Monday after a weekend meeting of the Group of 20 economic policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of a U.S. rate hike before year-end.MSCI's broadest...

>NEW DELHI Prime Minister Narendra Modi wants the federal budget unveiled on Monday to appeal to India's rural poor, officials familiar with his thinking said, in a strategy shift that could boost his ruling party in coming state elections but disappoint investors.His government is expected to increase spending on...

>A spokesman for Daimler said they are fully cooperating with the request for information, and that Mercedes-Benz cars conform with all rules and norms.The EPA declined to comment.Daimler said the EPA request for information comes in response to a class-action lawsuit filed by law firm Hagens Berman on...

اصفهان - ایرنا - نماینده ولی فقیه در استان و امام جمعه اصفهان گفت: نهاد مقدس بسیج باید همواره همان روحیه انقلابی و ایثارگری خود را حفظ کند.

>DUBAI Gains by reformist candidates in Iranian elections open the way for changes to economic policy that will boost foreign investment and trade with the West, businessmen and analysts said on Sunday.Friday's vote ended more than a decade of conservative domination of the legislature and the Assembly of Experts,...

>China still owns the world's largest currency reserves but has been burning through them at such a pace that some economists and foreign exchange professionals have been questioning how low can they go before Beijing is forced to choose between fresh capital controls or giving upselling dollars to defend the...

>"I think it’s most important for us, as we look at our choices as to who our next commander in chief will be, is to recognize the necessity to have a commander in chief who has foresight, who exercises good judgment," Gabbard, a U.S. representative for Hawaii, said on...

>LONDON Investors could trim back positions on equities given a failure by a weekend meeting of the G20 group of leading economies to come up with concrete, new measures to boost growth, analysts said.The Group of 20 finance ministers and central bankers declared on Saturday that they needed to...

>FRANKFURT/TOKYO The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers.But after years of increasingly desperate attempts to kick-start growth there is fear among bankers and...

>The largest assault near the capital in months was still raging, said security officials who blamed Islamic State. A news agency that supports Islamic State said the group had launched a "wide attack" in Abu Ghraib.Suicide bombers in vehicles and on foot attacked government positions 25 km (15 miles)...

>The center's Sergei Kuralenko added, however, that the cessation of hostilities agreed as part of a U.S.-Russian plan was holding "in general". He said the violations included shelling in the province of Latakia. (Reporting by Alexander Winning; Editing by David Goodman)...

>The video features Republican front-runner Donald Trump and his two closest rivals, Marco Rubio and Ted Cruz, denying man-made global warming, juxtaposed with images of U.S. flooding, wildfires, droughts and heat waves."I'm not a believer in climate change," Trump says during a television news interview featured in the...

>BRUSSELS The European Union fears Mediterranean migrant smuggling gangs are reviving a route from Egypt, officials told Reuters, putting thousands of people to sea in recent months as they face problems in Libya and Turkey."It's an increasing issue," an EU official said of increased activity after a quiet year...

>PARIS It's little wonder the European Union can't find common solutions to Europe's urgent problems when its main members are having such different national conversations.Like the biblical Tower of Babel, Europe's ambitious construction is in danger of toppling because its peoples are not speaking the same political language.Tune...

>Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following the G20 finance ministers' summit in Shanghai."As the global economy faces many challenges, our open and frank communications are more important than ever, and we must continue to work together for the benefit...

>COLUMBIA, S.C. Fresh off a runaway win in the South Carolina primary, Democrat Hillary Clinton turned her sights to a possible match-up with Republican front-runner Donald Trump in the Nov. 8 presidential election. Without mentioning Trump's name, the former secretary of state made it clear on Saturday she was...