News Archive - 15 October 2016

>EDISON, N.J. U.S. Republican presidential candidate Donald Trump pledged that the United States and India would be "best friends" if he is elected and that he would boost intelligence sharing with India in the battle against Islamic militants.Trump spoke at an event sponsored by the Republican Hindu...

>WASHINGTON A U.S. Navy destroyer was targeted on Saturday in a failed missile attack from territory in Yemen controlled by Iran-aligned Houthi rebels, the third such incident in the past week, U.S. officials said.Multiple surface-to-surface missiles were fired at the USS Mason sailing in international waters in...

>Chief executive Matthias Mueller in an internal meeting demanded that material costs and overheads be cut by 10 percent as part of its annual budget round for 2017, the trade magazine said in abstracts ahead of full publication on Oct. 17.A Volkswagen spokesman declined to comment on the report.

>U.S. Democratic presidential candidate Hillary Clinton's full remarks to several Wall Street audiences appeared to become public on Saturday when the controversial transparency group Wikileaks dumped its latest batch of hacked emails.The documents showed comments by Clinton during question-and-answer sessions with Goldman Sachs Chief Executive Lloyd Blankfein and...

>PORTSMOUTH, N.H. U.S. Republican presidential nominee Donald Trump, fighting to overcome setbacks and polls showing a tough path to the White House, on Saturday doubled down on his claim that the U.S. election is rigged against him.Trump challenged accusations from several women that he made unwanted...

>Turkey has been locked in a row with Iraq's central government about the presence of Turkish troops at the Bashiqa camp in northern Iraq, and over who should take part in the planned U.S.-backed assault on Mosul."We won't let Mosul be given to Daesh (Islamic State) or...

>"We strongly condemn this and North Korea’s other recent missile tests," said U.S. Navy Commander Gary Ross, a Pentagon spokesman. "We intend to raise our concerns at the UN to bolster international resolve in holding the DPRK accountable for these actions." Ross said the U.S. commitment to...

>The Greek economy has shrunk by about a quarter since 2008, as governments have imposed a steady stream of deeply unpopular fiscal reforms in return for repeated international bailout programs.Earlier this month the government forecast in a draft budget plan that the economy would contract 0.3 percent this...

>NEW YORK After a brutal week for Republican presidential nominee Donald Trump, Democrat Hillary Clinton maintained a substantial projected advantage in the race to win the Electoral College and claim the U.S. presidency, according to the latest results from the Reuters/Ipsos States of the Nation project released on Saturday.

>On Friday, the bank's board instructed Chief Executive Marco Morelli to deal with the offer, Monte dei Paschi said in a statement, adding that Morelli had started an in-depth analysis of the proposal. The bank is currently working to execute an ambitious turnaround plan based on a 5 billion euro...

>Jaber Albakr was detained on Monday, two days after police discovered about 1.5 kg of explosives in his apartment. He was found dead in prison on Wednesday. Authorities said he had committed suicide.Germany's Welt am Sonntag (WamS) cited investigation sources as saying U.S. intelligence had provided a...

>Hornschuch, with sales of 410 million euros ($460 million) in 2015, has been owned since 2008 by the buyout group Equistone, formerly Barclays Private Equity. Based in Weissbach, it has 1,800 employees and manufactures at four sites in Germany and the United States.Continental will buy Hornschuch via its subsidiary...

>Islamic State claimed responsibility on Friday for the attack on a checkpoint 40 km (25 miles) from the town of Bir al-Abd. It was the first major attack in the central Sinai area, which had so far escaped the militants' insurgency."A targeted air strike, which lasted for three hours,...

>MILAN/VERONA The shareholders of Banca Popolare di Milano (BPM) (PMII.MI) and Banco Popolare (BAPO.MI) approved a merger between the two lenders on Saturday, giving the final green light to the creation of Italy's third-largest bank by assets. Investors in Verona-based Banco Popolare, who approved the deal overwhelmingly, had...

>GOA, India India and Russia signed billions of dollars of defense and energy deals on Saturday at a summit that sought to inject new life into a relationship that has been tested by shifting global alliances and conflict in the Middle East.Under the biggest agreement, a group led by...

>The Wall Street Journal reported on Friday that PZU and Unicredit had agreed on key parameters of the deal, including an 11-billion-zloty ($2.88 billion) price tag for about 30 percent in Bank Pekao bank."The start of ... negotiations with Unicredit does not mean that the transaction of purchasing the...

>CHARLOTTE, N.C. Republican presidential nominee Donald Trump's campaign rallies have turned into eruptions of barely contained emotions from his impassioned followers, who urge him to fight on despite a series of gut punches that have put his chances of winning in doubt.With the Nov. 8 election now only...

>"Perspective buyers haven't submitted any bids yet ... they should start this month," he said. (Reporting by Denis Pinchuk; Writing by Jack Stubbs; Editing by Jermey Gaunt)...

>The Saudi-led campaign in Yemen has come under severe criticism since last Saturday's air strike hit the funeral gathering in the Yemeni capital Sanaa, killing 140 people according to one U.N. estimate and 82 according to the Houthis. Mourners killed in the attack included some of Yemen's top political...

>They said that while abandoning the United States, its most important market, altogether was very likely out of the question for the bank, it could consider scaling down its activities, so as to focus more on the needs of German corporate clients overseas.German newspaper Welt am Sonntag in an...

>The explosion went off inside a tent filled with people taking part in Shi'ite Ashura rituals, mourning the killing of Prophet Mohammad's grandson Hussein in the 7th century.Some people were also there to mourn the death of a local resident, said authorities. The tent was set up in a...

>The group will acquire Essar Oil ESRO.CL in a deal worth $12 billion to $13 billion, including debt, two sources privy to the deal told Reuters. Russian lender VTB (VTBR.MM) will give Essar $3.9 billion in credit for debt reconstruction, VTB Chief Executive Andrei Kostin said on...

>"First they came on a motorbike and killed the guards," the mayor of Abalak, Ahmed Dilo, told Reuters by telephone. "Then a 4x4 came and took him away and drove towards the Mali border."Residents reported hearing gunfire near the aid worker's house, where he had been living for years.