News Archive - 13 September 2016

A day after Hamid Baeidinejad and Nicholas Hopton submitted their credentials to London and Tehran, Kayhan published an editorial penned by editor-in-chief Hossein Shariatmadari, in which he called the Iranian Ministry of Foreign Affairs’ move illegal on the grounds that it had to solicit Majlis’ permission to renew ties with...

> The fund will be used either in one major deal or for several smaller purchases, the FT added, citing unidentified sources, who have been briefed about the plan by the Japanese company. "This is not something that we have announced so we cannot comment," said a Takeda spokesman. "We...

>NEW YORK The prominent short-seller Jim Chanos, founder of Kynikos Associates, on Tuesday called the proposed merger of Tesla Motors Inc (TSLA.O) and SolarCity Corp (SCTY.O) "crazy," noting that the combined company would need constant access to capital markets.Chanos said it would be the "height of folly"...

> Secretary of State John Kerry presented the new target of 110,000 in the 2017 fiscal year starting Oct. 1, up from 85,000 in 2016, during a closed session to members of the House and Senate judiciary committees on Tuesday, according to the newspaper. Kerry has said repeatedly over the...

>TOKYO The dollar stood atop sizeable gains versus the yen early on Wednesday lifted by a report that the Bank of Japan is mulling further monetary easing steps, although investor risk aversion limited its upside.The Nikkei business daily reported that the BOJ plans to make its controversial negative interest...

>SEOUL/BEIJING U.S. Secretary of State John Kerry will meet with his Japanese and South Korean counterparts in New York on Sunday to discuss responses to North Korea's latest nuclear test, South Korea's foreign ministry said on Wednesday.The three countries are pushing for tough new U.N. Security Council...

>TOKYO/HONG KONG Asian stocks fell to fresh six-week lows on Wednesday and the greenback stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world's major central banks to stimulate growth. Losses in stock markets across Asia deepened as...

> U.S. Central Command said in a statement that strikes near Dayz Az Zawr on Sept. 7, near Raqqa on Sept. 10 and near Ash Shaddadah on Sept. 12 may have resulted in civilian casualties. (Reporting by Eric Beech; Editing by Mohammad Zargham)...

>Schneiderman, a supporter of Trump's Democratic rival in the presidential race, Hillary Clinton, sued the real estate mogul and his now defunct Trump University for fraud in 2013, seeking $40 million in restitution plus penalties and other costs.In a CNN interview on Tuesday, Schneiderman said his office had now...

>NEW YORK Billionaire investor Carl Icahn continued to throw his support behind the Republican U.S. presidential candidate on Tuesday, saying Donald Trump would reduce the regulation of U.S. companies.Icahn also said that nutrition and weight management company Herbalife would be a strong candidate to go private, saying...

>WASHINGTON Critics of a plan for the U.S. government to cede control of the Internet's technical management to other countries might succeed in delaying such a move in Congress, a senior lawmaker said on Tuesday.Senator John Thune, a senior Republican from South Dakota, told reporters lawmakers are "trying...

>NEW YORK Facebook Inc and Twitter Inc have joined a network of over 30 news and technology companies to tackle fake news and improve the quality of information on social media, the group said on Tuesday.First Draft Coalition, formed in June 2015 with the backing of Alphabet Inc's Google,...

>CAPE CANAVERAL, Fla. SpaceX is aiming to resume flights in November following a launch pad fire that destroyed a Falcon 9 rocket and an Israeli communications satellite it was due to lift into orbit, the company’s president said on Tuesday.The space services company suspended Falcon 9 flights while it...

>WASHINGTON It was classic Hillary Clinton, ignoring medical advice and attending a ceremony on a sultry New York City day while battling pneumonia - a decision ex-aides and other associates speculated was rooted in her longstanding desire to prove that women can compete in the male-dominated world of politics.The...

>BEIRUT/GENEVA A new ceasefire in Syria brought a full day with no combat deaths in the war between President Bashar al-Assad and his opponents, a monitoring body said on Tuesday, and efforts to deliver aid to besieged areas got cautiously underway. Twenty-four hours after the truce took effect, the United...

>This compared to a deficit of $64 billion in August 2015, according to Treasury's monthly budget statement. Analysts polled by Reuters had expected a $108 billion deficit for last month.When accounting for calendar adjustments, August would have shown a $118 billion deficit compared with an adjusted $107 billion deficit...

>NEW YORK Two computer technicians declined to answer questions from U.S. lawmakers on Tuesday about the unauthorized private email system that Democratic presidential nominee Hillary Clinton used during her tenure as U.S. secretary of state.Paul Combetta and Bill Thornton repeatedly invoked their constitutional right not to incriminate...

>SAN FRANCISCO Silicon Valley is creating a crash course in self-driving car technology to address a shortage of engineers with help from a startup in a different field: online education.Nearly every major tech company, car company and ride services company, it seems, is developing or partnering with developers of...

>LONDON The world's top bank regulators on Tuesday defended reforms they plan to finalize this year, saying the aim was not to raise capital levels but rather to make lenders use similar yardsticks to assess risk.The Basel Committee made up of regulators from nearly 30 countries has come under...

>While the firm said Trump's policies - including more protectionist trade measures, tax cuts and mass deportation of illegal immigrants - may be watered down in negotiations with Congress, they could have "adverse" consequences. "Should Mr. Trump prove more successful in achieving adoption of his policies, the consequences could be...

> The network, citing what it said was a release from Clinton's campaign, said she was scheduled to appear at a "Black Women's Agenda" event in Washington, although it said if she were not feeling well that plan could change. (Reporting by Timothy Ahmann; Editing by Eric Walsh)...

>CEO Wolfgang Buechele is not available for a second term after his appointment ends in April 2017, Linde said on Tuesday. Finance chief Georg Denoke is leaving the management board, effective Tuesday One source close to the merger talks said Denoke had aggressively campaigned against the deal. Another said tension...

>FRANKFURT/NEW YORK Monsanto Co's (MON.N) board is set to meet on Tuesday to decide whether to approve a sale to Germany's Bayer AG (BAYGn.DE) for more than $65 billion after concluding more than four months of negotiations, people familiar with the matter said.The deal is expected to...

>DES MOINES, Iowa/WESTCHESTER, N.Y. Republican presidential candidate Donald Trump on Tuesday stepped up efforts to wring maximum advantage from Democratic rival Hillary Clinton’s comment that his supporters are “deplorables” as he seeks to portray her as out of touch with ordinary AmericansClinton said in a speech last week that...

>WASHINGTON U.S. Senator John McCain said on Tuesday he would use his power to block the confirmation of a key cybersecurity official if necessary to prevent any Obama administration move to separate the U.S. Cyber Command from the National Security Agency."I do not believe rushing to separate...

>Sprint said pre-orders were up nearly four times, compared to last year. Pre-orders also rose nearly four times at T-Mobile, compared with its next most popular iPhone.However, the companies did not disclose specific sales numbers. Pre-orders started on Friday. Details about sales of the new iPhone are scarce after...

>Calling for fairness, redistribution and moderation, Mario Draghi warned that the fragmentation of society could leave the single market unfinished -- potentially the "most dangerous option" that could lead to some reversal of integration, he said in Trento, Italy.With the European Union's periphery from Greece to Spain reeling from...

>Under Fed rules Lockhart, 69, will reach a mandatory retirement point after completing his 10th year as head of the bank. He took office on March 1, 2007, on the eve of the financial crisis. Lockhart has been considered a centrist voice at the Fed, with a career in private...

>WASHINGTON The median U.S. household income rose last year, its first significant annual increase since 2007, and helped push down the number of people living in poverty to 53.1 million, federal government data released on Tuesday showed.About 29 million people did not have health insurance in 2015,...

>WASHINGTON U.S. Republican presidential nominee Donald Trump on Tuesday will propose allowing families to deduct the cost of childcare expenses from income taxes, his campaign said, a move aimed at bolstering his support among women voters.Trump is to lay out the plan in an evening speech in the...

>ZURICH UBS, the world's biggest wealth manager, is looking at using artificial intelligence to help clients decide how to invest their money by watching their facial expressions.The Swiss bank is running several pilot programs to see how it can get the best out of artificial intelligence (AI) technology, said...

>The Bolt EV will be launched in a few months, nearly a year before the Tesla Model 3, with a starting price for U.S. consumers of $37,500 that is similar to the announced starting price for the Model 3.The sale price is before ancillary charges and a federal...

>The move comes as Samsung, the world's biggest smartphone maker, also ran local advertisements apologizing for a recall that is unprecedented for a company that prides itself on its manufacturing prowess.It has not decided whether to implement similar software upgrades limiting battery charging in markets other than South Korea,...

> The U.S. election takes place in November and Obama's successor is due to take over in Jan. 2017. (Reporting by Andreas Rinke; Writing by Madeline Chambers; Editing by Michelle Martin)...

>Wall Street opened lower on Tuesday, with energy stocks falling on lower oil prices and financials hit by diminished prospects of an interest rate hike in the near term.Oil prices were down more than 1 percent after a report from the International Energy Agency added to concerns about global...

>WASHINGTON U.S. House Speaker Paul Ryan is expected to cruise to re-election in his Wisconsin congressional district on Nov. 8, the day before his real political problems are likely to start.That is when Ryan will know the shape of the new House of Representatives. If, as some analysts...

>WASHINGTON/JERUSALEM The United States and Israel have reached final agreement on a record new package of at least $38 billion in U.S. military aid and the 10-year pact is expected to be signed within days, sources close to the matter told Reuters on Tuesday.The deal will represent the biggest...

>The annual rate of consumer price inflation was unchanged at 0.6 percent in August, compared with economists’ forecast for it to increase to 0.7 percent, the Office for National Statistics said on Tuesday.Lower prices for clothing, hotels and wine offset an upward effect from fuel prices, food...

>MANILA The Philippines moved to shore up relations with the United States on Tuesday with guarantees that a treaty between them would be honored and security ties were "rock solid", despite President Rodrigo Duterte's railings against Washington.The firebrand leader launched more verbal salvos on Monday about what he called...

>LONDON The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets rising supply, pushing world inventories to yet another record high and confounding the previous expectations of leading energy agencies.The International Energy Agency on Tuesday forecast global supply would outpace...

>The air strike was a now-routine Israeli response to the occasional spillover from fighting in a five-year-old civil war, and across Syria a ceasefire was holding at the start of its second day.Syria's army command said in a statement that Israeli warplanes had attacked an army position at 1...

>NEW YORK As Goldman Sachs Group Inc (GS.N) has built its U.S. consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman's ambitions for the retail bank.Led by 40-year-old Goldman partner and credit trading veteran Gerald...