News Archive - 25 July 2016

Military coups which have happened in the world and our country (against the national government of Dr. Mosaddegh) during the last century have always been bloody; the coup launched by the Indonesian military against Sokarno which filled the streets of Jakarta with blood or the coup led by Pinochet...

>PHILADELPHIA Democrats divided over the future of their party agreed on at least one thing at their national convention in Philadelphia on Monday night: Michelle Obama was a star.The first lady gave a speech in support of a former first lady, presidential hopeful Hillary Clinton, and described America as...

>Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.Most of Yahoo's $36.4 billion market value...

>They met on the sidelines of a meeting of Southeast Asian nations in Laos, the second time they have met this month to discuss the Syria plan, which would see Washington and Moscow share intelligence to coordinate air strikes against the al Qaeda-affiliated Nusra Front and prohibit the Syrian air...

>NEW YORK U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has...

>SAN FRANCISCO When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits...

>SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed's July 26-27 policy meeting will be how...

>SINGAPORE Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls.International Brent crude oil futures LCOc1 were trading at $44.80 per barrel at 0134 GMT,...

>China did not participate in and has refused to accept the July 12 ruling by the U.N.-backed Permanent Court of Arbitration, in which U.S. ally Manila won an emphatic legal victory. Meeting in the Laos capital Vientiane on Monday during a summit of the Association of Southeast...

>The U.S. central bank is widely expected to stand pat on policy, but investors were bracing for any possible signals from the Fed about a tightening later this year.Fed fund futures on Monday indicated that the market sees nearly no chance of a rate hike this week, but...

>SYDNEY Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks on Wall Street.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.2 percent, consolidating after...

>The world's biggest online retailer, which has laid out plans to start using drones for deliveries by 2017, said a cross-government team supported by the UK Civil Aviation Authority had provided it with the permissions necessary to explore the process.Amazon unveiled a video last year showcasing how an unmanned...

>"On behalf of everyone at the DNC, we want to offer a deep and sincere apology to Senator Sanders, his supporters, and the entire Democratic Party for the inexcusable remarks made over email," the DNC said in a statement released on the opening day of the party's convention in Philadelphia.

>ROANOKE, Va. Donald Trump eagerly injected himself into the Democratic Party's email controversy on Monday, saying the revelations that the party apparatus backed Democrat Hillary Clinton over Bernie Sanders proved his charges that the system is rigged.Trump, kicking off a three-day campaign swing with his vice presidential running mate,...

>CHICAGO A prominent Illinois Republican has resigned from the state legislature, citing multiple incidents of fake Facebook and Twitter accounts set up in his name in recent weeks. "After some cyber security issues arose, I began to re-evaluate my continued public service," Representative Ron Sandack, House Republican floor leader, said...

>The EU struck a deal in March to reward Turkey for preventing migrants from crossing to Greece by channeling aid to Syrian refugees in the country, reviving accession talks and scrapping visas for Turks wishing to visit Europe.The deal has not been finalized. "I want to say one thing...

>Police in Sagamihara, Kanagawa Prefecture, about 25 miles (40 km) southwest of Tokyo have arrested a man in his 20s, Japanese media reported. They said staff called police at 2.30 a.m. local time with reports of a man armed with a knife on the grounds of the Tsukui...

>SAN FRANCISCO Software startup Zenefits must pay the state of Tennessee $62,500 for violating insurance requirements, state officials said on Monday, marking the first settlement with regulators as the scandal-hit company seeks to redeem itself after revelations it had flouted the law."Under the company's past leadership, compliance with insurance...

>U.S. Secretary of State John Kerry said on Friday that he would meet his Russian counterpart in the coming days to discuss an American proposal for closer military cooperation and intelligence sharing on Syria.The proposal, which Kerry hopes to conclude within weeks, envisions ways in which Washington and...

>"I have decided that in the interest of making sure that we can start the Democratic convention on a high note that I am not going to gavel in the convention," Wasserman Schultz told the Florida paper. (Reporting by Doina Chiacu; Editing by Jonathan Oatis)...

>WASHINGTON If the Russian government is behind the theft and release of embarrassing emails from the Democratic Party, as U.S. officials have suggested, it may reflect less a love of Donald Trump or enmity for Hillary Clinton than a desire to discredit the U.S. political system.A U.

>FRANKFURT Chemicals groups Umicore (UMI.BR) and Sinochem (600500.SS) are among the groups interested in German surface finishing and metal plating company Atotech, put on the block by France's oil giant Total (TOTF.PA), people close to the matter said. Total has asked for preliminary bids for the unit,...

>U.S. District Judge Jed Rakoff in Manhattan said the firm, Ergo, "engaged in fraudulent and arguably criminal conduct." The judge called it a "sad day" when a corporate defendant such as Uber feels compelled to hire unlicensed private investigators to probe a plaintiff and his lawyer. (Reporting by...

>Wall Street opened slightly lower on Monday as investors braced for another set of corporate earnings and awaited the Federal Reserve's monetary policy meeting. The Federal Open Market Committee (FOMC), which has had to defer raising interest rates, will begin its two-day meeting on Tuesday to decide whether the U.

>The cash offer of $52 per share is a premium of 10.9 percent to the stock's Friday close. Outerwall said in March that it would explore strategic and financial alternatives. (Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)...

>LONDON/PRAGUE U.S. and European buyout funds are gearing up for SABMiller's (SAB.L) sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources familiar with the matter said.The brewing businesses,...

>NAIROBI President Barack Obama's half-brother, Malik Obama, says he will vote for Republican nominee Donald Trump in the U.S. election in November because he likes the candidate and he is unhappy with his brother's leadership.Malik, who is in his 50s, told Reuters by phone from Obama's ancestral home...

>PHILADELPHIA U.S. Democrats open a four-day convention on Monday to nominate Hillary Clinton for the White House on a divisive note, with a furor over embarrassing leaked emails threatening to derail what they hoped would be a message of party unity.Democratic National Committee head Debbie Wasserman Schultz resigned...

>Sprint, whose shares were up 3.9 percent in premarket trading, reported 173,000 postpaid wireless additions in the quarter ended June 30, compared with a net loss of 12,000 in the same period last year.The quarter also had the lowest postpaid phone churn in the company's history, Chief Executive...

>Taiwan is set to become one of the first markets outside of Japan to launch Pepper, a key plank in SoftBank founder Masayoshi Son's vision of future technology centered on 'internet of things', a network of devices, vehicles and building sensors that collect and exchange data.The island is also...

>ISTANBUL Turkey ordered the detention of 42 journalists on Monday, broadcaster NTV reported, under a crackdown following a failed coup that has targeted more than 60,000 people, drawing fire from the European Union.The arrests or suspensions of soldiers, police, judges and civil servants in response to the July 15-16...

>TOKYO Japan will fail to meet its goal of achieving in fiscal 2020 nominal gross domestic product of 600 trillion yen ($5.7 trillion) even in fiscal 2024 if growth remains sluggish, the government's projections showed on Tuesday, adding pressure on policymakers struggling to revive the economy.The world's third-largest...

>HONG KONG The takeover tussle embroiling top Chinese developer China Vanke has unveiled how local banks are increasingly exposed to highly volatile domestic stock markets through risky shadow lending products that mask their worsening asset quality.In their hunt for higher investment returns in a slowing economy and to offset...

>Sales revenue reached 245.5 billion yuan ($36.8 billion) in the first six months of 2016, the company said in a statement. Operating margin fell to 12 percent from 18 percent in the previous half-year, it said.The Shenzhen-based private company, which competes with Sweden's Ericsson (ERICb.ST) for...

>A police officer at the scene said most of the victims died inside their vehicles while waiting to enter Khalis, about 80 km (50 miles) north of Baghdad."We still have charred bodies inside many vehicles including a minibus packed with women and children," the police captain said, requesting anonymity.

>A spokesman for Transport for London said the station, which is located in the heart of the city's Jewish community, was closed due to a security alert. A London police spokesman said they had been alerted to an abandoned car near the station at 0700 GMT this morning. Police were...

>TOKYO Japan's exports fell less than expected in June in a tentative sign that overseas demand could be recovering from persistent weakness that set in last year.Slowing decline in exports could ease concerns for Japan's policymakers as they try to revive growth via stimulus spending on infrastructure after their...