News Archive - 7 March 2016

>BEIRUT/GENEVA A Syrian or Russian air strike reportedly killed a dozen people at a market in northwestern Syria on Monday, straining a cessation of hostilities agreement meant to pave the way for peace talks.In a further upsurge in violence, al Qaeda's Nusra Front and other Islamist insurgents not included...

>WASHINGTON Hillary Clinton's vow to regulate oil and gas fracking almost out of existence was met with skepticism Monday, failing to convince either industry or environment groups that she would - or could - end the controversial drilling practice if she becomes president.The front-runner for the Democratic party nomination...

>BEIJING China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years, days after top leaders sought to reassure investors that the outlook for the world's second-largest economy remains solid.Exports fell 25.4 percent from a year earlier, twice as...

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>Ryan will also be calling U.S. Senator Marco Rubio of Florida and Ohio Governor John Kasich, the other contenders for the Republican nomination for the Nov. 8 election, the newspaper quoted a Ryan aide as saying.No other information about the calls was given, the paper said. (Reporting by...

>WASHINGTON Israeli Prime Minister Benjamin Netanyahu has declined an offer to meet U.S. President Barack Obama at the White House later this month and canceled his trip to Washington, the White House said on Monday.Netanyahu's decision to nix his U.S. visit marked the latest episode in a...

>HONG KONG Asian shares fell on Tuesday as investors took profits after a month-long rally and investors grew wary of the market's near-term prospects ahead of major central bank meetings.Led by China, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell more than a percent. Japan's Nikkei .N225...

>SINGAPORE Brent crude oil prices dipped early on Tuesday, but remained over $40 a barrel after jumping to a 2016-high the previous session as more producers announced talks to support the market and as investors opened new bets on further price rises.International benchmark Brent crude futures LOCc1 managed to...

>The U.S. Commerce Department, in the public notice, cited ZTE documents that showed the mobile handset maker planned to use shell companies in the scheme, leading the department to impose export curbs that will make it harder for ZTE to acquire U.S. products.READ MORE: Wall St. vets...

>BRUSSELS Ambitious Turkish proposals to help the European Union to confront its migration crisis came too late for EU leaders to agree them on Monday, leaving diplomats to wade through the details and seek more talks with Ankara later this month.Europe's hopes that Brussels and Ankara were nearing a...

>SYDNEY The Australian and Canadian dollars stood at multi-month highs early on Tuesday in the wake of a rally in commodity prices, contrasting with a subdued performance in the greenback, euro and yen.The Aussie came within a whisker of 75 U.S cents AUD=D4, reaching a high not see...

>PCI Pharma Services, a U.S. provider of outsourced packaging and clinical trial supply services to the pharmaceutical industry, is exploring a sale that could value it at around $1 billion, including debt, according to people familiar with the matter. PCI's private equity owner, Frazier Healthcare Partners, has hired RBC...

>American Express shares closed up 1.2 percent at $59, after hitting a session high of $59.48. A Wells Fargo spokesman said the report is not true. An American Express spokeswoman said the company does not comment on rumors or speculation. (Reporting by Lauren Tara LaCapra; Editing by Richard...

>WASHINGTON Former New York Mayor Michael Bloomberg said on Monday he would not mount an independent bid for the U.S. presidency, and criticized Democratic and Republican candidates for catering to the fringes of their parties.A billionaire media mogul who combined business-friendly fiscal policies with liberal views on gun...

>WASHINGTON After a long wait for inflation to accelerate, U.S. Federal Reserve officials face a complex and possibly divisive debate over whether recent evidence of rising prices is strong enough to move ahead with planned rate hikes.In separate statements on Monday, policymakers at the core of that debate...

>A magistrate judge previously sided with Apple, ruling that the Justice Department could not use a law known as the All Writs Act to compel the tech giant to unlock the phone. The government and Apple are fighting a similar case in California, where a judge ordered Apple to unlock...

>TOKYO Toshiba Corp (6502.T) plans an extraordinary executive meeting on Wednesday, indicating the troubled conglomerate will settle on a preferred bidder for its healthcare unit, two people with knowledge of the process said on Monday.Canon Inc (7751.T) and Fujifilm Holdings Corp (4901.T) are considered the front-runners...

>WARSAW Poland's mid-tier lender Alior Bank ALRR.WA, owned by state-run insurer PZU, is in talks to buy its rival Bank BPH BPHP.WA from General Electric (GE.N) and hopes to complete a deal around mid-2016, three banking sources told Reuters.If the purchase from the U.S. group...

>LONDON If the merger between London Stock Exchange (LSE.L) and Deutsche Boerse (DB1Gn.DE) goes ahead, it could be the final mega-deal in the industry as further combinations of such scale are likely to hit antitrust buffers.The two companies will seek to overcome the kind of regulatory concerns...

>President Enrique Pena Nieto's comments, published in Monday's Excelsior newspaper, were among the most critical public comments yet by a foreign leader of the New York billionaire.Trump, front-runner to win the Republican Party presidential nomination for the Nov. 8 election, has sparked outrage in Mexico with his campaign vow...

>WASHINGTON Foreign diplomats are expressing alarm to U.S. government officials about what they say are inflammatory and insulting public statements by Republican presidential front-runner Donald Trump, according to senior U.S. officials.Officials from Europe, the Middle East, Latin America and Asia have complained in recent private conversations, mostly...

>WASHINGTON Republicans desperate to stop Donald Trump from capturing the party's presidential nomination may have to unite behind Ted Cruz, a polarizing figure who has made many enemies within the party.Cruz, 45, a U.S. senator from Texas, won nominating contests in Kansas and Maine on Saturday, bolstering his...

>PARIS Online fashion retailer Yoox Net-a-Porter said on Monday it would adopt IBM's software to manage orders, replacing technology developed by Yoox and Net-a-Porter prior to their merger in October. Adopting a single IT platform marks a further step in the integration of the two companies, allowing them and individual...

>BRUSSELS Germany, which launched an investigation into social network Facebook last week, is well placed to handle the case, Europe's antitrust chief said on Monday.The comments by European Competition Commissioner Margrethe Vestager came after the German competition office said last week it was investigating Facebook for suspected abuse of...

>Officials with the nonprofit Simon Wiesenthal Center praised Twitter Inc on Monday for increasing efforts to thwart Islamic State's use of its platform for recruitment and propaganda. The center's Digital Terrorism and Hate Project gave Twitter a grade of "B" in a report card of social networking companies' efforts to...

>WASHINGTON The United States has carried out an air strike in Somalia, killing more than 150 fighters with the al Qaeda-linked Islamist group al Shabaab, following U.S. intelligence on preparations for a large-scale militant attack, the Pentagon said on Monday.The weekend strike using both manned and unmanned drone...

>South Korea said the exercises would be the largest ever following North Korea's fourth nuclear test in January and a long-range rocket launch last month that triggered a U.N. Security Council resolution and tough new sanctions.READ MORE: Militants attack Tunisian forces near Libyan border, 50 killedIsolated North Korea...

>"We may well at present be seeing the first stirrings of an increase in the inflation rate," Fed Vice Chairman Stanley Fischer said on Monday in prepared remarks, adding that faster inflation was "something that we would like to happen." Fischer did not comment on whether the Fed was...

>The S&P and the Dow were on track to register their first five-day streak of gains since October as a surge in oil prices lifted energy and materials stocks on Monday.Crude prices, which have largely dictated the direction of the stock market this year, extended gains and were up...

>BERLIN/HAMBURG Volkswagen's (VOWG_p.DE) delay in announcing it had cheated U.S. diesel emission tests was a legitimate move aimed at striking a deal with regulators to limit the cost of the scandal, the carmaker's lawyers said in a report to a German court.Europe's biggest automaker admitted to U.

>WASHINGTON The Supreme Court on Monday declined to hear Apple Inc's challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement.The court's decision not to hear the case leaves in...

>NEW YORK Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as investors rotated more assets into raw materials, with oil buying encouraged by talk that OPEC producers want a higher anchor price after a selloff that has lasted nearly two years.Gold and iron ore...