News Archive - 21 August 2016

Sunday, 31st of Mordad – August 21st, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -Unprecedented Yemeni demonstrations Following the historic vote of confidence of the parliament to the High Political Council of Yemen, millions of Yemenis demonstrated in the street to show their support for this council.

(Defense Minister Hossein Dehghan who served as pre-sermon speaker of Tehran's Friday prayers this week. Source: Arash Mirsepasi/YJC)   Ten days before the official "Government Week", commemoration of Mohammad-Ali Rajaei and Mohammad-Javad Bahonar, president and prime minister of Iran who lost their lives in an explosion masterminded by Mojahedin-e...

The controversial tycoon of early 2000s has returned with the mission to vindicate himself, but can he succeed?

> Foreign Affairs Secretary Perfecto Yasay said Duterte's statement "is a statement expressing profound disappointment and frustration". "We are committed to the U.N. despite our numerous frustrations with this international agency," Yasay told a news conference. (Reporting by Karen Lema; Editing by Michael Perry)...

>ChemChina's $43 billion acquisition of Syngenta AG (SYNN.S) is in the final stages of being cleared by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for national security implications, people familiar with the matter said.A positive end to the CFIUS review would remove...

>SINGAPORE Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-percent crude rally looks overblown.Soaring exports of refined products from China also pressured prices, as...

>Global central bankers will join the annual mountain retreat that opens on Thursday, with Fed Chair Janet Yellen due to speak the following day.The Jackson Hole meeting "looks set to dominate trade this week," wrote Angus Nicholson, market analyst at IG in Melbourne."The DXY US dollar index already...

>YULIN, China At the section of the Great Wall of China that runs through Yulin, tour guide Gao Jing says she tried to learn English in expectation of the increased number of overseas visitors the city planned to attract as part of its economic transformation.But the international tourists haven't...

> Pfizer has so far prevailed in the auction for Medivation and could announce a deal as early as Monday, though the negotiations could still fall apart at the last minute, the person said. The deal is expected to paid for by Pfizer in its entirety, or at least mostly,...

>TOKYO Japanese companies overwhelmingly say the government's latest stimulus will do little to boost the economy and the Bank of Japan should not ease further, a Reuters poll showed, a setback for policymakers' efforts to overcome deflation and stagnation.Prime Minister Shinzo Abe this month unveiled a 13.5 trillion...

>WASHINGTON A top aide to Donald Trump said on Sunday the Republican presidential nominee’s plans to deport 11 million people who are in the United States illegally were a work in progress and that he was committed to a "fair and humane" approach on immigration.The comments suggested a softening...

>The social media giant, which traded at just under $124 a share on Friday, has seen a recent acceleration in growth in part because of its increasing mobile ad load, or, the number of ads Facebook can serve up to its users, the report said. Facebook also has other avenues...

>NEW YORK Judging by the way hedge funds have been betting on Wall Street, they see U.S. stock market volatility remaining low, but it may not be that simple.CBOE Volatility Index (VIX) futures contracts allow a play on implied volatility in stock prices and can provide a hedge...

>Ross' investment firm WL Ross & Co. has purchased hundreds of millions of dollars in troubled energy debt in a bid to take control of distressed oil and gas companies if they have to turn over ownership to creditors, according to the report on Saturday. It said the firm sat...

>NEW YORK Viacom Inc (VIAB.O) said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire.The settlement with Dauman also ends the legal fight between members of the...

>The Fed has been suggesting it could raise rates in 2016 since it tightened policy in December for the first time in nearly a decade, but investors have doubts the central bank will follow through on that guidance.Fed Vice Chairman Stanley Fischer gave a generally upbeat assessment of the...

>The rocket caused no injuries or damage in Sderot, where it landed in a residential area, police said. An Israeli shell damaged a Beit Hanoun water tower and there were no casualties, local residents said. The Israeli army said aircraft and tanks had targeted two Hamas posts belonging to Islamist...

>It is the highest number of militants executed in one day by the Iraqi government since Islamic State fighters took control of parts of northern and western Iraq in 2014. The executions were carried out at a prison in the southern Iraqi city of Nasiriya, state television quoted the Justice...

>NAPLES, Italy The leaders of Germany, France and Italy will meet on Monday to discuss how to keep the European project together in the second set of talks between the premiers of the euro zone's three largest economies since Britain's shock vote to leave the bloc. Italian Prime Minister Matteo...

>SARAJEVO Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion.They discovered mountainous Bosnia, where half the population is...

>Bohai Steel, which was created in 2010 through the combination of four manufacturers, holds liabilities of 192 billion yuan ($28.9 billion) from 105 creditors, alongside assets of nearly 290 billion yuan, Caixin reported.The Tianjin government plans to create a local asset manager to assist in the debt workout...

>Goldman and EastBridge did not disclose financial terms for the deal in their joint statement, but a person with direct knowledge of the matter told Reuters the acquisition values South Korea-based Happycall at 180 billion won ($161.5 million). The statement did not specify from whom the stake is being...

>Two U.N. human rights experts last week urged Manila to stop the extra-judicial executions and killings that have escalated since Duterte won the presidency on a promise to wipe out drugs.About 900 suspected drug traffickers have been killed since he came to power after winning the election on...