News Archive - 28 August 2016

Tehran’s newspapers on Saturday 6th of Shahrivar 1395; August 27th, 2016

Saturday, 6th of Shahrivar – August 27th, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -US’ new plan to save Saudi Arabia In their latest strikes against the Saudi coalition, Yemeni revolutionaries attacked the Saudi Oil Company with ballistic missiles. Meanwhile, John Kerry reiterated the necessity of terminating...

Oil prices fall on rising Iraq output, doubt over producer talk prospects

>SINGAPORE Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized its right to fully regain market share.International Brent crude oil futures LCOc1 were trading at $49.54 per...

Most Asia stocks slide on Fed officials' rate comments, dollar firms

>SINGAPORE Most Asian share markets slipped on Monday while the U.S. dollar held firm on Monday after U.S. Federal Reserve Chair Janet Yellen indicated an interest rate increase remains on the cards for this year.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slid 0.7 percent.

Trump to give speech on illegal immigration on Wednesday

>The announcement came a day after Trump said he would crack down on illegal immigrants who overstay their visas, as he sought to clarify his views on how to overhaul the U.S. immigration system. Last week, Trump had said he was "softening" on his plan to deport all 11...

D.E. Shaw set to enter race for SunEdison's TerraForm Power: sources

>Hedge fund manager D.E. Shaw & Co LP is weighing a bid for SunEdison Inc's (SUNEQ.PK) controlling stake in TerraForm Power Inc (TERP.O), the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter.D.E. Shaw's emergence as a possible...

After building boom, South Korea girds for housing glut

>YONGIN, South Korea In Yongin, a satellite city south of Seoul, orange construction cranes are racing to build gleaming new high-rises, but realtor Kim Woong-jib says he is pointing would-be apartment buyers to older buildings.The city of a million people has 5,301 unsold new residential units, government data shows,...

Union votes for strike mandate in Canadian auto talks

>Unifor, which represents more than 20,000 autoworkers, is pushing General Motors Co (GM.N), Fiat Chrysler Automobiles (FCHA.MI) and Ford Motor Co (F.N) to invest further in the province of Ontario, home to nearly all of Canada's auto industry, in talks that began this month.Members voted close...

Cost-cutting, growth could lift Symantec shares 25 percent: Barron's

>Barron's said Symantec, an early pioneer in antivirus software with its Norton brand, boosted its prospects of gaining a larger share of the cybersecurity market with its June agreement to buy Blue Coat Systems Inc [PRJCBB.UL].The company will be able to sell Blue Coat's web and cloud protection...

Anti-burkini law in France would worsen tension: interior minister

>France's highest administrative court, the Council of State, ruled on Friday against a decision to ban the burkini by the mayor of the resort town of Villeneuve-Loubet.The ruling may set a precedent for the dozens of French towns that have also ordered burkini bans.The issue has become politically...

Herbalife may have misled investors, SEC on impact of FTC deal, one short-seller says

>BOSTON After U.S. multi-level marketing company Herbalife (HLF.N) settled a probe of its sales practices with the U.S. Federal Trade Commission last month, top executives assured investors that the company would be able to thrive under the new rules.The consumer protection agency had questioned the company's...

More bodies located beneath rubble in Italy quake zone

>AMATRICE, Italy Rescuers believe they have found more bodies buried deep in the rubble of the ruined town of Amatrice, five days after a devastating earthquake struck central Italy, killing at least 290 people.Residents of the hill town estimated that up to 10 people were still missing and emergency...

High toll for Libyan troops battling Islamic State in Sirte

>SIRTE, Libya At least 34 Libyan fighters were killed and more than 180 wounded on Sunday as they closed in on the last Islamic State militant holdouts in the coastal city of Sirte, according to field hospitals.Forces aligned with Libya's U.N.-backed government, supported since Aug. 1 by...

Former Obama aide calls Trump a 'psychopath'

>With a little more than two months to go before the Nov. 8 U.S. election, the comments by David Plouffe, a former senior adviser to President Barack Obama and manager of his 2008 presidential campaign, mark another escalation in a series of blows exchanged between Trump's camp and that...

Iran arrests nuclear negotiator suspected of spying

>The suspect was released on bail after a few days in jail but is still under investigation, Gholamhossein Mohseni Ejei said at a weekly news conference, calling the unidentified individual a "spy who had infiltrated the nuclear team," state media reported. The deal that President Hassan Rouhani struck last year...

Uber, Careem suspend services in UAE capital

>“This is a temporary suspension and we will let you know of any further updates,” an Uber spokesman in Dubai said via email. He did not respond to a question on the reason for the suspension. Christian Eid, vice-president of marketing and communications for Careem, a Dubai-based company, said many...

German vice chancellor says can't see Turkey in EU anytime soon

>Turkey started talks about joining the European Union in 2005 but has made little progress despite an initial burst of reforms.Many EU countries are wary about the possibility of the large, mainly Muslim country becoming a member of the bloc and Europe has long worried that Turkey's anti-terrorism laws...

Germany's Gabriel: badly handled Brexit would send Europe 'down the drain'

>"Brexit is bad but it won't hurt us as much economically as some fear - it's more of a psychological problem and it's a huge problem politically," Gabriel, the deputy to Chancellor Angela Merkel in Germany's governing coalition, told a news conference.He added that the world was now looking...

Germany's economy minister: U.S.-EU free trade talks have failed

>"The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American demands," he said, according to a written transcript from German broadcaster ZDF of an interview due to be broadcast on Sunday. "Things are not moving on that front," said Gabriel,...

Turkish warplanes, artillery hit targets in north Syria: sources

>KARKAMIS, Turkey A group monitoring the Syrian war said Turkish air strikes and artillery attacks killed at least 20 civilians and wounded dozens more on Sunday, the fifth day of Turkey's cross-border campaign that it says targets Islamic State and Kurdish forces.Turkey's warplanes roared into north Syria at daybreak...

Half of Germans against Merkel serving fourth term: poll

>A series of violent attacks on civilians in July, two of which were claimed by Islamic State, have focused attention on Merkel's open-door migrant policy, which allowed hundreds of thousands of migrants from the Middle East, Africa and elsewhere into Germany last year. Half of the 501 people questioned in...

Suspected 'terror' attack at Indonesian church; no serious casualties

>There were no serious casualties, though the priest and his attacker suffered minor injuries, according to police in Medan city, northern Sumatra. "A terrorism act was carried out on Sunday morning at the Saint Joseph catholic church," said Rina Sari Ginting, spokeswoman for Medan police in a statement. "Police are...

New tans, same old 'polycrisis' as Europe's summer ends

>BRUSSELS The European Union grinds back into action this week after its August break, still dazed by Britain's midsummer vote to quit the EU and facing much the same "polycrisis" as a year ago: a mass of refugees, a fragile economy, hostile Russians and, yes, those Brits, now more awkward...